diff --git "a/reddit_finance_43_250k_303.txt" "b/reddit_finance_43_250k_303.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_303.txt" @@ -0,0 +1,10000 @@ +*For those wondering why I say #2; my #1 reason is of course the promise, possibilities, functionalities of Ethereum itself* +Says the 18 yr old who called it once or twice. Don't mind the fact that nearly everyone in the academic and the industry side of Finance say that it is impossible to time the market in the long term. Not hard, not difficult, but literally impossible. You made money in the short term so God Bless you papi, but keep playing with fire and you will get burned. + +Bonus round: "What's the short term cap gains tax rate?" + +"What!? How come I didn't get rich in 2 months?? This is a scam! Vitalik, why have you forsaken us?!?!" Okay, done venting. I'll see you guys at an ATH in less than 3 months probably! +The reason I have so much GME to begin with is, I feel like the US Dollar is a bit of a scam. Think about it, they print trillions and everyone else has to work for it. We are destroying the planet over money, and we create the money ourselves. + +Im a big believer that inflation will come, and if you have hundreds of millions or billions in cash it's a big problem. See if I sell the GME for $45million, then I just have a big freaking problem, and half goes to taxes. Im for paying taxes - and don't want to make the conversation around that. + +But why wouldn't I just sell one GME for $2 billion, pay my $1b billion in taxes then keep the rest? The FED has not created a good environment for investors - When interest rates went to 0 in 2008 - they forced investors in to the market and sacrificed any easy income for the older generation that were retiring or getting ready to. + +To this day, it hasn't gotten any better - So some of yall have a $45million floor - for me its much much higher - have a great week apes - excited for the next two weeks - gonna be lit! + +reasons it wont crash after the squeeze - + +GME is still a DFV play + +its not a favorable tax environment or environment to hold cash or get easy yield + +apes will continue to buy because apes will be super rich + +GME sales will be Insane after the squeeze + +i just dont ever see it coming back to earth after and if you dont get your shares now you never will - + +cyall on the moon! +Good Morning Apes! + +Another day and more FTDs, as volatility continues to pick up over the course of the cycle and more and more FTD due dates overlap. + +Today's market maker failures brought to you by Nov. 29^(th) and a severe lack of liquidity in the underlying . + +https://preview.redd.it/thcg0a3cco981.png?width=204&format=png&auto=webp&s=90b591e426ac6f6c32db832d412e97e48d9159ec + +Make sure you give u/bobsmith808's latest DD a read to get a better idea of what we are expecting soon. + +[Here](https://www.reddit.com/r/Superstonk/comments/rv6k8o/an_update_to_cycles_ftds_and_options_oh_my/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream.** + +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 + +Standard strategy for low volume FTD covering playing out today. With the put walls being sold off end of day and relieving pressure. Additionally advantageous due to the daily downtrend in the market making this tactic more profitable. Thanks for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/7iemgbs8kq981.png?width=747&format=png&auto=webp&s=73516818a9e8a12c76ed73bcda2c1834404d831d + +[For anybody not understanding this process](https://preview.redd.it/ym7jadaqkq981.png?width=1526&format=png&auto=webp&s=760840755f952429c0bb21cad963ff8bb62b8200) + +Edit 5 3:41 + +EOD comeback pushing up into the 150p wall + +https://preview.redd.it/r06n9vxxfq981.png?width=1539&format=png&auto=webp&s=7b72a331868b39ec34297fdc591b2ebc0eb87b8d + +Edit 4 2:47 + +More low volume FTD covering under put walls erected at 148-150 volatile but average is pretty flat. + +https://preview.redd.it/hblh278g6q981.png?width=1539&format=png&auto=webp&s=e5487be87227d1838a3c74e7343a4c6a9da1cc87 + +Edit 3 11:48 + +ITM puts have slowed down and we are starting to see the price crawl back I wouldn't say this reversal is confirmed but the trend looks stable. + +https://preview.redd.it/y6c849qgap981.png?width=1536&format=png&auto=webp&s=169b382fa8ac3becc27f913e185f0e15ca831ef0 + +Edit 2 10:13 + +200,000 shares returned to IBKR + +Edit 1 10:00 + +Slamming the price with the 150k borrowed shares and some ITM $150 for this Friday + +https://preview.redd.it/mdm8i4ycro981.png?width=415&format=png&auto=webp&s=0cdc29b65ac17d6a5f15bb0043ddbc520d9d6d5f + +https://preview.redd.it/vyrbvw8ero981.png?width=1535&format=png&auto=webp&s=1cf8163c626f6e948511cdd68a6896a1b3e2b09b + +# Pre-Market Analysis + +Much like yesterday's pre-market tests at $152 today GME sets the bar slightly high aiming for $155, currently up 1.08% in the pre-market. + +Max-pain - $155 + +Volume - 2.93k + +Shares to borrow: + +IBKR - 150,000 @ 0.7% + +Fidelity - 504,214 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/bnx11ce5eo981.png?width=1528&format=png&auto=webp&s=5001684e50f90501f9b8be7216a3f8538d9fa840) + +CV\_VWAP + +https://preview.redd.it/oy6o5huceo981.png?width=2450&format=png&auto=webp&s=99a0f00edbd785be0313c008842f70bc75d4dba3 + +TTM Squeeze starting to fire + +https://preview.redd.it/78w3a2lveo981.png?width=2443&format=png&auto=webp&s=fd2a14c49e39d6db9d7b0903cdd605e5c4cfce91 + +and BBKC Squeeze is ready to throw a signal if we have another positive close. + +**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.* šŸ˜ + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Bees are great workers. They have a monopoly on honey production. And they are unlikely to unionize. + +They've had a bad run lately because of colony collapse, so they look like a great value play. + +How do I buy bees? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Please share your tips and tricks of getting a good tenant while not violating fair housing laws? + +Also, I need to mention that I only have one unit to rent out and until most recently I have been the occupant of the unit. Also, I live in Maryland. + +Thank you! +Jesse Livermore is widely regarded as the greatest speculator who has ever lived. Below are his **21 trading rules** that were relevant 100 years ago and will be for the next century. I've incorporated **the community's posts/comments from the past month** to demonstrate the timeless nature of these concepts. Enjoy! + +# 1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. + +This is the day traderā€™s modus operandi: we wake up, scan the markets, prepare, and look for familiar price action, setups, or patterns to trade. Some traders watch a single instrument and become intimate with how it moves (#ES for example). Others stick to a basket of the same tickers, while another group trades whatever is moving that session. + +We're all the same, however. Each trader is looking for high probability opportunities which have favorable reward-to-risk and are repeatable. **If you want to be consistently profitable, then you must be consistent with your actions.** Nothing new ever occurs once you've accumulated enough screen time. + +Here are 5 strong trend days for the month of October. If you are a trend trader like me, your job was to **find a pullback or a consolidation breakout** and ride the continuation. + +[October 2022 - The Trend is Your Friend Till the End](https://i.redd.it/fpgyfqs836x91.gif) + +u/CrossFit_Jesus76 also shared a post regarding one of the most common and timeless patterns: [The Bull Flag](https://www.reddit.com/r/Daytrading/comments/yf1axi/the_bull_flag_a_strategy_that_has_stood_the_test/). + +# 2. Money cannot consistently be made trading every day or every week during the year. + +This rule is a bit outdated. Back in Livermoreā€™s time, day trading was just not feasible given the lack of technology, liquidity, exchange centralization, etc. However, there is truth that the lower the timeframe, the more difficult it is to generate a consistent return. Long-term investing is easier than position/swing trading, which is less challenging than day trading, which is less demanding than scalping. + +In my opinion, this rule's sentiment holds true; Livermore is arguing that **not every chart is tradeable at every moment.** We have to be selective with when to put on risk. There are a number of traders in this sub, such as u/DarthTrader85, who don't trade every day. And u/thoreldan agrees that flat is better than red. + +Speaking of selectivity, u/oh_crap_Bears had a great comment where he said that [a lot of day trading is noise, and our job is to identify what is worth trading.](https://www.reddit.com/r/Daytrading/comments/yf2rn7/comment/iu1dprz/?utm_source=share&utm_medium=web2x&context=3) Definitely easier said than done. + +# 3. Donā€™t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. + +**Our job as traders is to react and not predict.** It's okay to have an opinion and form a bias, but that should never conflict with what the chart is telling you. On Tuesday October 25, u/ParisienneWalkways made a post regarding [Overbought Conditions](https://www.reddit.com/r/Daytrading/comments/ydcza3/overbought_conditions/). + +[October 25 - Daily close with near-shaven top after bouncing off support](https://preview.redd.it/dqkb5gy936x91.png?width=851&format=png&auto=webp&s=64ee9fac7519a494f8ff00bf6260c9ca352189ac) + +Others and I commented that **$SPY 390 was a possibility** simply because we were in an intermediate uptrend on the 60m chart. Sure, the market could've dropped (and many people thought it would with all the bad earnings), but my interpretation was that price was above the rising 20 MA and had respected support. **The market would likely continue higher until there was reason to believe otherwise.** + +# 4. Markets are never wrong ā€“ opinions often are. + +**Chart donā€™t lie.** Candlesticks, tick charts, market profile, order flow etc. all show what buyers/sellers have done and are currently doing. With that information, traders can make educated guesses on what the market movers' intentions are. Price action is definitely kingā€”it is the study of who is in control: Bulls vs. Bears. + +**Remember that the market can stay irrational longer than you can stay solvent.** + +# 5. The real money made in speculating has been in commitments showing in profit right from the start. + +Some of the biggest moves rarely give you a second chance for entry. Once they go, they are gone. This is why it can be dangerous to chase momentum moves; where do you put your stop if price hasn't pulled back yet? A late entry could mean getting stopped out during a normal retracement. You can get the direction right, but still get shaken out. **Timing is everything.** + +Here's a trade from u/Advent127 where $AAPL printed 10 x 5-minute green candles in a row after bouncing off support. He explains [his TTO strategy in this informative post.](https://www.reddit.com/r/Daytrading/comments/ygla55/how_to_properly_get_in_on_a_trend_day_and_not/) + +[$AAPL 10 consecutive 5-minute bars off a strong bounce](https://preview.redd.it/pkve4bxa36x91.png?width=850&format=png&auto=webp&s=b8637b32395b102a34bd01ef3e225d6a7ccc543f) + +This is another beautiful chart of $RIVN from October 14. After wicking through and rejecting the $30 whole number, the consolidation base broke down and led to 8 red bars in a row. There was no pullback on this timeframe as sellers **grinded the price down candle-by-candle.** + +[$RIVN Oct 14 - 12 consecutive red bars, 8 after the breakdown triggered](https://preview.redd.it/2vqyijxb36x91.png?width=848&format=png&auto=webp&s=eee5e7e109c2a25640a8bca754ec8b095e0ab730) + +# 6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits. + +This is probably one of the hardest things for day tradersā€”**letting your winners run.** As u/daytradingguy put it so eloquently [in this comment](https://www.reddit.com/r/Daytrading/comments/y6mnmu/comment/isqafun/?utm_source=share&utm_medium=web2x&context=3): + +>*The bane of trader psychology- you are fearful when you have a small profit- fearful it will go away- so you snatch it too soon even when the price action indicates there should be more.* + +u/Pcket9zs was having none of that on his trade from Friday October 21. He held $NQ for 4 hours and [captured a 214-point move!](https://www.reddit.com/r/Daytrading/comments/ya8w8w/biggest_day_trading_nq_today_214_points_a_lot_of/) + +[How to Ride an All-Day Trend Master Class, by u\/Pcket9zs](https://preview.redd.it/wnsrdqwc36x91.png?width=847&format=png&auto=webp&s=8ae8a7ae78f5bc25f63e361e5c2b289534e6d621) + +# 7. One should never permit speculative ventures to run into investments. + +One of the most important rules for day trading is to **never let an intraday position turn into a swing position.** That's usually the first step in letting a swing trade turn into a long-term investment. The daily charts below should hammer that point home. + +[$AMC down 76&#37; from recent highs](https://preview.redd.it/antkqd7g36x91.png?width=847&format=png&auto=webp&s=bd5ff03a4c3be498a47b70ff1fa14f7ad94cbc29) + +**Off topic:** I shorted $AMC as a daytrade back in early August and was [berated by the Ape Army.](https://www.reddit.com/r/Daytrading/comments/wjj4xl/amc_short_extended_on_the_higher_timeframes_large/) I honestly feel bad for some of these people who have been brainwashed by Social Media circles and Influencers. Very similar with what happened to $BBBY below. + +[$BBBY down 85&#37; from recent highs](https://preview.redd.it/hb3ksmvg36x91.png?width=849&format=png&auto=webp&s=665c042fea86578b698da8285b360a0534a23757) + +# 8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride. + +Bagholding is a story as old as time. The Dot Com Bubble, 2008 Financial Collapse, 2022 Covid Correction. **Humans have hopium wired into our DNA.** Look what happened to Ackman's $NFLX bet where he lost $400m in just 3 months (-36%). + +To avoid letting a loss snowball like that, day traders must **always use a stop loss!** This is crucial if you use leverage and/or trade volatile instruments. Here's a great post by u/donteathumans regarding [Risk Management 101.](https://www.reddit.com/r/Daytrading/comments/y0ppi6/risk_management_101/) + +# 9. Never buy a stock because it has had a big decline from its previous high. + +**Oversold can become more oversold.** 'Nuff said. + +[$BA and $GOOG Oct 26 - Graveyard filled with knife-catchers](https://i.redd.it/9wtx7yji36x91.gif) + +# 10. Never sell a stock because it seems high-priced. + +**Similarly, overbought can become more overbought.** In this post, u/helipad668 blew up his account [shorting $FNGR during the recent parabolic run](https://www.reddit.com/r/Daytrading/comments/xz5qqb/need_advice_from_from_experienced_traders_who/). It went from 0.62 to $9.36 in just two weeks. The RSI reading was probably off the charts; unfortunately, price action doesn't care about some arbitrary index. + +# 11. I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction. + +A 'normal reaction' means a pullback within the trend. In other words, Livermore likes to buy the new high following a countertrend retracement. Often these bounces occur at a prior resistance area, which has now become support. + +[$AAPL Oct 28 - Pullback, break of HOD, and pullback](https://preview.redd.it/fp7ebwhj36x91.png?width=849&format=png&auto=webp&s=86116cacbdea61a29ae3b880df3da14c4422f749) + +Become familiar with the fundamental price action pattern: **impulse, retracement, impulse.** Here is the short version in a downtrend. + +[$SHOP Oct 7 - Impulse, retracement, impulse, retracement, impulse](https://preview.redd.it/l6k4l6zl36x91.png?width=849&format=png&auto=webp&s=4ec5a0bdca82e69302293cc8ab7c0818aec8509b) + +# 12. Never average losses. + +Dollar Cost Averaging (DCA) is a popular strategy for long-term investing. **There's no room for it in day trading.** Here u/stloft explains the [dangers of averaging down and martingale strategies.](https://www.reddit.com/r/Daytrading/comments/ygcmz3/comment/iu88q5x/?utm_source=share&utm_medium=web2x&context=3) Imagine trying to dig yourself out of a hole by digging deeper. You double your riskā€”and potential lossā€”by doubling your position. + +# 13. The human side of every person is the greatest enemy of the average investor or speculator. + +Psychology is a very common topic in this subrredit. I think this image sums it up: + +[The Man in The Mirror](https://preview.redd.it/27xx3sop36x91.png?width=490&format=png&auto=webp&s=3b23256ba33a8090565677fe6d1502fcac696e6f) + +In this comment, u/FallForever3_14 breaks down the [importance of maintaining your mental edge](https://www.reddit.com/r/Daytrading/comments/yce3ys/comment/itm9vq9/?utm_source=share&utm_medium=web2x&context=3) and why being a psychopath is good (not in those words). + +# 14. Wishful thinking must be banished. + +This is pretty straightforward. There's very little luck involved in trading. You are in complete control of your performance and results at the end of the day. **Trading is a serious business, and you must treat it as such.** The moment you start praying and hoping, you've crossed over to gambling. + +Here are a few posts from both ends of the spectrum: those who doubled their accounts by taking big risks, and a few who blew up (also by taking big risks). + +* [First time day trader, a week in, and made some huge profits, but concerned..](https://www.reddit.com/r/Daytrading/comments/ygv5rs/first_time_day_trader_a_week_in_and_made_some/) +* [BETTER TRADING STRATEGY FOR GOING FULL TIME DAY TRADING](https://www.reddit.com/r/Daytrading/comments/yedca5/better_trading_strategy_for_going_full_time_day/) +* [Lost over 10k today and cannot sleep](https://www.reddit.com/r/Daytrading/comments/y3nlab/lost_over_10k_today_and_cannot_sleep/) +* [I have lost a lot of money. What do I do?](https://www.reddit.com/r/Daytrading/comments/ydclbg/i_have_lost_a_lot_of_money_what_do_i_do/) + +# 15. Big movements take time to develop. + +I made [a post last month about consolidation bases](https://www.reddit.com/r/Daytrading/comments/xmcp8j/become_a_pattern_recognition_machine_an_obsession/?utm_source=share&utm_medium=web2x&context=3) and how they occur on all timeframes. Here is a 3-month base on $NFLX which recently triggered a breakout via gap. + +[$NFLX 3-month consolidation base and gap breakout](https://preview.redd.it/6a44xjlq36x91.png?width=853&format=png&auto=webp&s=9d8595927b43706092a2c052378b76c4ea3579e7) + +And here is a 2-hour consolidation which led to a midday breakout on $GOOG from Friday. + +[$GOOG ascending triangle consolidation and breakout \(note the increase in volume\)](https://preview.redd.it/aj5m3gfr36x91.png?width=849&format=png&auto=webp&s=383feb6bb4afda5ef533b5b03b90e784ce098a75) + +This is what Livermore means by *'big movements take time to develop.'* After a large run, price needs to *'rest and digest.'* This is done by going sideways or coiling. Once the boundary of the range is taken out, then it's off to the racesā€”**the path of least resistance.** + +# 16. It is not good to be too curious about all the reasons behind price movements. + +Last Friday, there was a popular post asking [Why is the market moving up?](https://www.reddit.com/r/Daytrading/comments/yfpvq9/why_is_the_market_moving_up/) It gathered 245 comments! The simple answer, as u/SethEllis explained, was that aggressive market orders are taking out resting liquidity. This causes price to move. In other words: **there is a lot of institutional buyers hitting the ASK.** + +As short-term day traders, we should avoid trying to find reasons why the market is doing one thing vs. another. What matters is the chart in front of us. Sure, it can be fun to 'predict' where the market is going tomorrow or in a few days from now. But to bet blindly on your opinion is not day trading. ***That's a gamblin'.*** + +# 17. It is much easier to watch a few than many. + +Less is more. Trade the best and leave the rest. That means either sticking to one instrument or focusing on a narrow watchlist. There are thousands of stocks listed on U.S. exchanges and you only need to catch one clean move to make your day. **Sometimes there will be nothing to trade and that's OK.** Here's a conversation started by [u/10Drive](https://www.reddit.com/user/10Drive/) on why [being selective and disciplined can be such a challenge.](https://www.reddit.com/r/Daytrading/comments/yg15g9/really_having_a_difficult_time_being_content_with/) + +Can you imagine how many amateur traders got sucked into trading $TWTR based on the impending buyout? **Good luck getting in between the algos playing ping-pong.** + +[TWTR Oct 27 price action \(or lack thereof\)](https://preview.redd.it/tbcvnavs36x91.png?width=854&format=png&auto=webp&s=172ee488fe9589e27762c46503df34cf0f842d33) + +# 18. If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole. + +Relative Strength (RS) and Relative Weakness (RW) are core concepts in swing/position trading (which Livermore did). In Bull markets, we should focus on going long the leaders; in Bear markets we should focus on shorting the losers. William O'Neilā€”the Investor's Business Daily legendā€”has trained a generation of investors using his CANSLIM methods which employ Relative Strength. + +For daytrading, the same rules apply. When $SPY is in an uptrend, scan for stocks which are basing at HOD while the general market is pulling back. When the index breaks higher, **RS tickers should benefit from the tide that lifts all boats.** u/zanderdogz highlights [how institutional sentiment can be inferred](https://www.reddit.com/r/Daytrading/comments/yce3ys/comment/itm62rh/?utm_source=share&utm_medium=web2x&context=3) from this behavior. + +# 19. The leaders of today may not be the leaders of two years from now. + +This is called **sector rotation.** The market has 'hot names' which money flows in/out of. Recently we have witnessed Crypto companies, pandemic stocks, oil, etc. get a lot of attention. Social media has definitely shortened the cycle and amplified these movements. Daytraders should focus on whatā€™s in play for the next 6.5 hours and **ignore fundamentals and news.** We could care less if the company is on the brink of bankruptcy if the intraday setup is clean. + +# 20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend. + +Tech giants $META $GOOG $AMZN all missed earnings last week. Everybody was expecting the market to make new lows for the year. **It went in the opposite direction.** + +[Mega Caps with recent Mega Gaps](https://i.redd.it/0ulgr0sbb6x91.gif) + +# 21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket. + +The overwhelming majority of signal and alert services are scams. Back in Livermore's days, they lured you in with a free bottle of whiskey and an onion to put on your belt. Nowadays, snake oil salesmen have graduated to Discord servers, Telegrams, and WhatsApp groups. **Avoid at all costs.** There are no shortcuts to making money in the stock market. Similarly, **day trading is not a get-rich-quick scheme.** + +Let me know what you think of these rules and your interpretation of them in the modern trading era. **Have a safe and happy Halloween!** +Hello! I made a google slides doc that breaks down my day trading strategy as best as I could. I created it for myself, to help reinforce all the things that I have learned, and am still learning. I trade primarily futures at this point, but I also trade options and stock. + +So here is a link to my google slideshow: +https://docs.google.com/presentation/d/19DMFOwmcgSbNoPIvMSC_xM1y9Wdby7AAXnu9JljSJ28/edit?usp=sharing + +Maybe this will help anyone that is struggling with their trading, or maybe reinforce ideas that you are already pretty solid on. All feedback is welcome, and as a fyi, I am not a consistently profitable trader yet. I do find a lot of consistency in my trading, but I am still working on it, and learning everyday. + +I wish everyone the best with their trading journey! +This is a skeptical viewpoint, with no images of moons, rocket ships, people dancing, or funny faces. But, please, hear me out. + +A billion dollar enterprise is called a unicorn. They don't happen that often. Even in Silicon Valley, a promising, well-adopted, hockey-stick technology company will take years to get to this point. They would likely have around 1,000 employees, all working full-time on engineering, sales, finance, biz dev, etc. They will have raised money from VCs many times, and they will have a business model that is working. They will have rapidly growing revenues of $100m or more, or a user base in the tens of millions, growing double digits per month. + +I'm not aware of any projects on Ethereum that are even close to pulling in even 6 digits of revenue, let alone 9 digits -- even in several years from now. Even in the cases of markets if you count churn, which is extremely generous. Even if several projects succeed enormously and capture a large percentage of their markets, their revenue would be nowhere near what the current market cap of Ethereum is. Put simply, take the total real world value of Ethereum's projects (in their best case), put a valuation on it, and it's nowhere near the market cap of Ethereum. + +That might be OK, if you consider ETH a cost of goods sold. In this scenario consider a factory that takes oil, and produces something much more valuable. It's possible, but right now the market cap of all ETH as compared to any real world value of projects (or even feasible value) is an insane multiple. It's practically alchemy. Even if you took a Silicon Valley start-up and got rid of all costs except for electricity and hardware, I don't think they'd see multiples as high as this. + +If ETH is oil, there are nowhere near enough consumers of this oil that can provide real world value to justify its current cost. Not even if all the projects are insanely successful. Not even with five killer apps. + +On top of that, 15.6M ETH are minted every year -- at current prices that's something like $2b worth of value. Is there really $2b worth of demand for ETH per year? Who is going to pay for $2b worth of oil if they aren't going to get _at least_ that back in real world value (goods and services). Put another way, if you take an ETH, spend it all on smart contracts and/or transactions, is there any foreseeable case where you've created at least $120 worth of value in the real world? + +That being said, I'm playing with house money and I'm still holding plenty of ETH. But, I'd love to have my mind changed about any of the above, because I'm close to cashing out another chunk. +This has been confirmed by dozens of people, in dozens of location across the country. Several support requests have been submitted both to their website as well as their official twitter accounts. No requests for support have been answered, and there's no explanation as to whats going on or when a solution will appear. Nothing. Once again a reminder that if you don't hold your coins in an offline wallet, they're not really yours. +Hello reddit. Long time lurker. This is my first post. + +A dental office I haven't been to since 2013 sent me a bill in February for over a grand. This month they sent a final notice letter with an attachment that states the billings department is under new management and they are evaluating all past account and that this is my "true balance". I did have insurance at the time. I don't know what to do at this point. + +EDIT!!!! +Thank you for all the responses. I expected like maybe 10 replies but almost 200 comments and second page was way more than ever thought. It is a special thing when you have a community use their knowledge and experience to guide and help others with their issues. Thank you internets! + +I read most of your responses and tomorrow i will take action. Calling insurance to see what they say first. Also going to get the EOB and other important documents with charges faxed or emailed to me. If the money is owed i will call and work out a deal but $1,270 for two cleanings and one x-ray seems shady so i will check that. +For those asking about the statements I called when i received the first one and was told they will look into it and give me a call back. They never did, and I never followed up. Didn't get a march statement. I got the april final notice with the correct name but a wrong hand written address on the envelope (couple house numbers off) which again makes me think they were trying to pull something. First step is to call the insurance. They seem like my only ally in this battle. +I will try to post updates. +Hey, I'm really hoping some experts in here are able to explain/tell me if I'm being scammed. + +I'm a guy and I've been speaking with a girl from another country for about 3 months now. I would say its more than a friendship. + +Anyway, very early on in our conversations she brought up crypto mining and said that I should do it, and she would show me how. +I did some research and thought there's no way I can crypto mine, 1: I'm not clever enough and 2: I haven't even got a computer,Ā  let alone super computer power. + +She then got me to download a digital wallet app and another app where I will transfer my crypto too. We are 'mining' USTD, which is a stable coin. +However,Ā  I'm sure it's not crypto mining, she's basically give me a hyperlink to use on the DApps (Decentralized apps) which takes me through to a mining pool where I can claim anywhere from 1-6% interest daily (depending on my wallet balance) + +So I started off putting 100 USDT to see if it would work,Ā  and it sure did. I was receiving 1.5% everyday, but that's hardly nothing. After 3 weeks I put 1000 USDT in and was reaping a 3% interest everyday. + +Fast forward a couple months,Ā  obviously I have been speaking to this girl everyday and the trust levels are building. Last week, I deposited another 8300 USDT to boost it to 10,000. That way i get 3.5% of that everyday. She tells me she has over 100,000 deposited which means she gets 4.5% daily,Ā  she makes 4500 USDT in one day... + +I've made 2,300 USTD in the last 6 days, since I increased my balance to 10,000. But it all seems way too good to be true?? Surely no one can make this much money a day, for literally doing nothing. + +This girl I'm speaking to now wants me to deposit even more to take advantage of even higher interest rates,Ā  and it's making me suspicious. Could she literally take my money through the 3rd party DApp? + +I've already deposited money to my bank twice before and have been successful, so withdrawing the cash isn't an issue. + +I done some research on 'Coin Staking' and this sounds a lot similar to what I'm actually doing.Ā  With coin staking, your essentially donating your crypto assets to contribute to the blockchain, and you get rewarded each time a transaction gets validated. + +I'm really hoping someone can help shed some light on what I'm actually involved in. I'm happy to answer any questions. + +Thanks so much! + + +EDIT: +---------------------------------------------------------------------------------- +**+2H after OP** + +Yeah, I totally realise what a naive fool I've been. But thanks to the ones that have expressed hope/optimism/advice. +She's now telling me there is a promotional deadline of the 20th March to boost my balance to 30,000 USDT or I can't claim a 2888 USDT reward. It's good i lied to her and said I had more money. + +I'm keeping up the cute chats with her and she said she's going to phone me again tomorrow before the deadline, she's even telling me she's coming to the UK in April, lol. + +I'm obviously 1000% attempting to pull everything tomorrow. + +If the app doesn't let me withdraw or throws hurdles in my way, I'll go to her for help. (I did this last time as the app likes to throw obstacles in the way when it comes to withdrawing) She seems to know the app like the back of her hand. I'll tell her I want to withdraw all the money with the promise of putting 50K in there afterwards. If she just tells me to deposit, I'll say i want to get more familiar with the withdrawing/depositing process. +If I can withdraw, I'm taking the Ā£2,800 profit and will tell her I'll only deposit more once she comes to the UK and see's me next month. See what she saysšŸ˜‚ + +Anyway, I'm sleeping. I'm a nervous wreck. Will update tomorrow. + +EDIT 2 +---------------------------------------------------------------------------------- +**2D after OP** + +Sorry for the delayed update, the weirdest thing happened, which I'll get to in a second. + +Firstly, this is definitely a scam, I've been so naive to not realise. What I have fell victim to is something called the 'Pig-butchering scam' .. honestly, look it up. A sophisticated scam, run by Chinese crime gangs, involving of romance and cryptocurrency. Some of the reddit comments said it involved the Chinese mafia, which is why I hid the post.. +Apparently, the scam has been exhausted in Asia, and they are now targeting Europe and the USA. +I think I'll leave this post up as an awareness thing, not that much of you would be as stupid as I have. It was the romantic gateway that really got me hooked into this, I got absolutely played. I read about one guy who invested 1.6m then lost it, poor soul. + +Anyway, the weird thing...The night I wrote this post, someone's comment lead me to an article that explained there were 2 BitKeep apps (the app I was making a profit from), a real one and a fake one. I had a look and I 100% had the real app. + +But when I woke up the next morning, I wondered if they saw my reddit post, because I realised that my app had mysterious changed to the fake one I saw on the article the night before. The layout is now sightly different and the logo has changed, but my balance is still in there. +I read that this fake app can store your your mnemonic information or transfer password when you type it in, so now im really reluctant to try withdraw. I honestly think if I had tried to withdraw when I had the 'real' app on the night I wrote this, I could have successfully withdrawn some, like I had times before. + +The person I'm speaking to is happy to 'walk me through' the withdrawing process before I 'promise' to deposit more, which raises my suspicious that the app is now malicious. I don't think they have any idea i know. +I'm not even sure if they can get access to my wallet until I use the app to deposit/withdraw, now it's changed to the fake one and they can now store my info?? +BitKeep said the best way to get the real app is to be directed straight from their website to the app store, but when I do that now, it only brings up the fake one (which has a white logo and a purple background, the real app has a blue logo with a white backround) + +I'm wondering if there is a way to restore the app to the original, I'm not sure if deleting it will work. My heart sunk when I woke up and saw the fake app, I then realised that I had been too late. But for now, it sure looks like my money is gone or at least locked into the app. + +I'm still playing oblivious and maintaining communication with this person. If I can figure out a legitimate way to withdraw my money, and lure them in with the promise of depositing 5x more, I could be in with a shot. +But, that's probably me just being naive, again. + +EDIT 3 +---------------------------------------------------------------------------------- +**+4D after OP** + +OH MY ACTUAL GOD, I HAVE ALL MY ORIGINAL MONEY + Ā£1,700 BACK INTO MY BANK !! + +So after being sketchy over opening the app the past 3/4 days, I finally tried to withdraw tonight. And it all went through really smoothly... +I don't think the app did change to a fake one, I think the app coincentally updated, I checked through a friends phone and his was the same as mine (Now a purple logo). + +I have been keeping up my act with her, told her I wanted to withdraw the money I had in there, then deposit 20,000. She helped me through the depositing process (I said I wanted to learn the wholee process before investing in it longer term) andd, It's all gone through....I actually can't believe it. I've just sold 12,300 USDT to a merchant, the money is now in my bank. + +I really don't know how to slowly 'cut off' this person I'm speaking to. To avoid depositing the 20,000 tonight, I said a family emergency came up. I've also told 'her' I have a 50K loan coming so this would buy me time. + +I really have no idea why it has allowed me to withdraw with it being a scam, there were no big gas fees or nothing. Maybe they just let me thinking they are getting 5x the investment? + +Either way, I feel so relieved and thankful to have got my money back, I must be of a small minority that have done. I will 100% learn from this, I'm really counting my lucky stars. + +The only other thing......Since I wrote this post, another 2,100 USDT has accumulated within the 'mining pool' I was in + +Do I take it? I mean, I already have a profit and kinda know who I'm fucking with so probably not. + +But if this is a mining pool, full of people who have fell victim to the same scam as me, who are not receiving interest, just a top up of everyone else's money in the pool. Do I just withdraw it? Instead of it going back to the scammers? + +EDIT 4 +---------------------------------------------------------------------------------- + +I tried to withdraw the 2,100 USDT interest from the mining pool, to the dodgy app wallet, and it never appeared. + +The scams over. + +And I just beat it šŸ˜ +Government employee, wages. +Share portfolio - ETFs +Common deductions (indemnity insurance, profession registration etc) + +Quoted $268. Does that sound reasonable? Appreciate the sanity check. +Question to seasoned investors. + +If you buy a stock that you think is a good investment, how much do you initially put? + +Do you average down if it goes down? When do you do that? How much more do you put? + +Will you add more if it goes up? + +In general how do you increase/decrease your position in a single stock. I am assuming most investors exit with a stop loss or when they are happy with whatever profit they already locked. + +I put $1000 in ChargePoint $CHPT. It went up 20% in 3 days. I am struggling to not sell and also tempted to increase position. +Hello, + +I am new to investing this year and my wife and I have some extra funds to invest. She saw the amazing growth Tesla had and is predicted to still have. She wants to put the money into tesla. + +Since it's only $6K that we have right now we would get less than 10 shares, so tesla would really need to perform well to make a good return. + +Are we better off in say the ARK ETF which holds tesla? That way the number of shares is higher. + +Does number of shares even matter? I guess what I am saying is do you invest in say Tesla or Amazon with limited funds? + +Thanks in advance! +Hi guys, + +How high are we relative to the grand scheme of things? Say the last 50 years. + +I checked rate-hub and a 5 year mortgage is at 5% per year for National Bank. + +How high is this? When were we this high? 2020 pre-pandemic or way before? + +Thanks. +I've been day trading for a while now and trying to reduce my number of trades to 1. Anyone else have done this profitable? What's your R:R and win rate looks like? +I'm all in. I work overtime solely to afford more shares. This is a fucking war, our one shot at a better world. I've quit drinking, smoking cigs and weed. Cut down on every expense and sold anything that isnt essential over these last 18 months. I do this cause I know I'll be able to live a better life after, every extra share is more people I can help. This is the most monumental and life changing event that may ever occur for us little fish, and you're dumping thousands on NFTs? + +DRS EVERY FUCKING SHARE +Even those of us who have been through these stomach-churning corrections a few times might be reaching for the wet towels about now - this is the worst rout since last summer. + +But this too shall pass. Nothing has really changed since Christmas, or Halloween, or indeed last Spring, when this rally really got going. Blockchain is going to change the world, and Ethereum is far and away the best positioned to take advantage of the coming shift. + +Hang on tight everyone! +Not sure if this is the right place for this question but hopefully someone can help.. + +I keep an eye on my elderly dads accounts for him and for months heā€™s been having money taken out of his Nationwide account for things he hasnā€™t used. It started with small Uber eats payments, then shein and progressively they took larger amounts and now moneygram. + +Each time heā€™s told the bank, called the scam line they give him a new bank card and thankfully they refund him but itā€™s happening all the time. A few weeks go by and it all starts again. +I thought it would be solved by changing banks but he has an account with Lloyds and that account has started having the same problem. + +He doesnā€™t use online shopping, doesnā€™t have Apple Pay, I no longer register his card with Uber or any service like that. + +He did get a crime reference the last time he reported it. The scammers have started taking Ā£200+ and itā€™s very concerning. No one seems to be doing anything to actually stop it. + +Iā€™m not sure what the best thing to do is and how to stop it or how these people get his details. +Hello I have trouble with writing and listening and reading and I cant speak. I have tried to be clear but if this confusing I' will try to explain clearly again sorry. Please use small words and only short sentences if you can thank you. + +&#x200B; + +I am 29 now. I have saved up 14000Ā£ from working. I dont know if this is a real lot I have never talked to other people about money before I just found this website and the other numbers seem bigger so maybe I think maybe its not a huge if I thought it was. + +&#x200B; + +I live with also disabled other people and have no family and children and no pet anymore and I dont go out so it is cheap. How do I make more money out of it if I dont use it. One day I want my own house the normal way how do I do that. I would like simple step by step if you can maybe with pictures if you can sorry. + +&#x200B; + +I have tried to read the other things here but the messages are too long and confuconfused by the words. government is useless. I cant read much thank you. Im trying +ATTENTION NOOBS and VETS- I recently jumped into the Penny Stock game and it's been a wild ride. I'm not a financial advisor or expert but hear me out... + +We've seen the power of Reddit in moving stocks well, WELL, up past their actual (logical) value points only to come crashing back down again. Then they start to climb back up, and crash back down again. This has been happening over and over again. You can look at the 1-6 month charts on hundreds of penny stocks and they look almost identical. Up until 2 months ago most of these stocks were nothing and trading in the .0001-.0010 range. Now suddenly a trial stage bio-pharm company with 2 employees in NJ is trading for $1.50 a share with zero income and zero product? Huh??? + +As a group, retail investors although large and growing daily, don't have anywhere near the buying power of large hedge funds and brokerage houses. While we may be collectively buying millions of shares in a stock, one trader at a large brokerage may be buying 10's of millions or more themselves. Now multiply that by ALL of the funds and brokerages and you can easily see why we're seeing Volume in the hundreds of millions of shares being traded on a Penny stock. I say again...PENNY STOCK. + +Now you and I are hoping and praying our several hundred or several thousand dollar investment blossoms and makes us a lot of money. Sometimes we are vested in a stock but most often we just want to make some money and get out. + +However, the fund managers are sharks and are in it for the profit. Period. They have analytical tools and real time monitoring software that we could only wish to use. Not too mention they have insider information (chatter) that we could only dream of hearing. + +My point is this, when we're all rushing in to a stock...so are THEY. They are not hoping to see it go to "To the Moon" or Mars or anywhere else. They just want to make some money and get out before the dip. So if they buy 20 million shares of a stock and it goes up $1 or $1.50 or even .50...well you do the math. That's $10-30 million dollars and they dip out with their huge volume and sell which causes the price to crash leaving us little folks with often BIG losses. + +The FACT of the matter is that there is NO WAY to time the market. There are players and forces in the market that drive it in ways we can never understand. If you're playing for quick profit instead of a long haul then have a strategy. Set a price to get out that you'll be happy with. If that's $100 or $10,000 it doesn't matter because PROFIT is PROFIT. Wouldn't you rather make a $1 a share profit than a $1 a share loss? + +Listen I don't have all the answers as I've been burned a few times already playing this game. I don't like to lose money so am sharing my painful lessons with you. Buy in, set an exit strategy, and get out and enjoy the Profit no matter how small or big. + +Think about it...it was FREE MONEY just for tapping on your mouse, keyboard, or phone screen. +So let me get this straight: A bunch of dudes who spent months shilling you their bags, made millions in the process while leaving you guys hanging with huge bags of coins after a crash and at a massive loss, charging you guys as much as 3000$ to attend. There were 8000 visitors too, you do the math. + +I still don't comprehend why some of you are still kissing these people's asses, 99% of their wealth was made on your backs through blatant insider trading and pumping and they walked away free leaving you guys with the massive losses. + +There is a reason why Vitalik boycotted this event, because it is just a massive circle jerk of crooks who pretend banks are evil but will go to the same lengths as them to acquire massive amounts of wealth. If the SEC investigated these folks for insider trading, i can guarantee you that 95% of them would end up in court, that clown Charlie Lee being the first of them. + +Now, seeking wealth is not evil, we are all here for this, but if you dare calling out the banks for being crooks and then encourage these shitty events that do nothing good for cryptos, then you are no different than the banks. + +You guys need to face reality and realize that most of these people sold on the high and unloaded everything they had on you, the people. It's not the whales, it's not the reptilians, it's not Mt.Gox, it's the main drivers of the cryptocurrency projects and the insiders that unloaded massive amounts of cryptos on investors to secure their profits while at the same time encouraging people to buy in. + +Stop encouraging this scum and start encouraging events that actually matter to the cryptocurrency world. + +PS: I bought way before 2017, i am still in the green, unloaded some of my positions in december as well but in no way i encouraged people to buy in through blatant shilling. I am not mad because these people got rich, i am mad because these people are the exact people the crypto world is supposed to be separating itself from. You can downvote me all you want, you will not hide the truth. +Hello, + +I'm in my early 20s and decided to dive into financial planning. I've read a book that I had sitting on my desk for a long time, "Rich Dad, Poor Dad" by Robert Kiyosaki. I enjoyed the read because it gave another perspective of making money, didn't get to technical and was filled with little experiences that made the whole thing pretty easy to read. That said, it was my first book on the topic of investing (in particular) and financial planning (in general). Since I'm inexperienced, I would like to know what you thought of the lessons and points of the book. I could criticize some imperative aspects, but overall it's difficult for me to discriminate, since I have little to no reference to compare and no experience. + +&#x200B; + +Thank you ! +Remember The Big Short? Where was the SEC while all that was going. The only SEC person in that movie was the pool chick who wanted to work for the Hedge Funds after leaving the SEC. just like in The Big Short, they will be nowhere to be found through this. If this kicked off on monday all the SEC would do is make a few more laws with a couple million in fines a few months from now. Gary Gensler is no hero or anyone to be admired yet. What has he really done yet? A few promises and talk of investigation. Wait to give him congratulations when he actually arrests or takes these financial terrorists licenses away. Until then be skeptical of EVERY person. Us Apes are on our own. Thats fine. + +Buy, Hodl, Vote. That is all. +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/n4z0ln\/releasing\_short\_selling\_fact\_sheet\_early\_just\_for\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/wbnt113lc8x61.png?width=759&format=png&auto=webp&s=ce34c580982087cacc5451558f5ec69a6a3384cb) + +This is about the **upcoming House Financial Services Committee hearing on Thus in which the SEC Chair Gary Gensler** will be there. They ask apes for opinions on what should be **an important discussion of issues** and so far there're almost zero input. Come on apes!!! + +Link to their post is right below: + +[https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing\_short\_selling\_fact\_sheet\_early\_just\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3) + +Edit: Posted an actual link to the post instead of embedding it into a text. I didn't realize some apes would not click on an embedded link. +Looking for everyone's Top tips in regards to getting ready for parenting from financial point of view. Currently home income is 250k plus, 100k in savings but not sure where we are missing the point in this entire game of parenting. So looking to have some top tips on what you would have told to yourself before becoming parent. +([Via Investing.com](https://www.investing.com/news/stock-market-news/apollo-global-management-backing-out-of-twitter-financing-for-musk-432SI-2905883)) + +According to Chibuike Oguh from Reuters, Apollo Global Management, Inc. (APO) is backing out of Twitter, Inc. (TWTR) buyout financing for Elon Musk. According to a person familiar with the matter, Apollo Global Management, which was looking to provide $1 billion earlier this year to Elon Musk for the deal, is no longer in talks with the billionaire. + +Twitter shares rose more than 22% yesterday after Bloomberg reported that Musk is proposing to acquire the company for the original offer price of $54.20 per share. + +Later, it was confirmed that Musk has sent Twitter a letter, according to which he intends to proceed to close the Twitter transaction on the original terms. For the last several months, Musk tried to pull out of the buyout deal due to ongoing disagreement over the number of spam and bot accounts on the site, prompting a lawsuit regarding the takeover. + +According to Reuters, Musk's changed decision over the deal made Tesla, Inc. (TSLA) investors fear that the billionaire, who sold over $15 billion worth of Tesla shares earlier in the year to fund the deal, was spreading himself too thin. + +According to Dan Ives from Wedbush, Muskā€™s interest in closing the deal would weigh on Teslaā€™s shares. "We see lingering impacts from Musk stock sales as a drag dissipating but the big worry is Musk juggling too many balls at the same time," Ives said. + +By Davit Kirakosyan +The barrage of positive TA and trends being posted prompted me to consider if the underlying conditions are truly the same the next time a bull run appears. In my mind, as good as the TA picture looks, there will be 2 distinct differences next time around. How much of an impact these differences have is to be determined: + +1) People will be taking profits this time around, probably to a fault. A common theme in the 2018 bear run is regret from not taking enough, or any, profits on the way up in 2017. People are being urged to have a concrete plan to take profits the next time, and may actually over compensate by selling more than they should, or actually want to. + +2) A lot of people are over invested or over leveraged, have taken heavy paper losses, and are just looking for a break even point to get out entirely. They will sell their entire position when their average cost hits. + +So, while the next bull run can absolutely surpass the previous ATHs, there is going to be enormous sell pressure on the way up as people panic to take profits this time around, or hit their DCA amount and cash out to break even. Any thoughts on what affect these might have on the next bull run? +I usually try to sugar coat things, but this needs to be said: + +**Anyone who advocates this kind of decision making should be banned from the sub** + +I don't care how much you think it's going to go up, this is one of the most irresponsible things you can do. Not only can you lose money, you can lose more than you have. And your credit score. + +[These are the kind of things that gets everyone here laughed at.](https://www.reddit.com/r/ethtrader/comments/47j5eo/i_couldnt_take_it_anymore_so_i_bought/d0dg2x3) And for good reason. The perma-bull sentiment is utterly insane, and seriously damaging. + +Trade smart. Stop suggesting people put their entire financial livelihood at risk. +TLDR: Am I crazy to quit? +In proof-reading this post, it seems that I just wanted to explain my situation to the well renowned rubber duck. +And maybe wishing for the courage (and/or knowledge) to live the life true to my overall self and not the life I expect from my more responsible, more prudent self. +. + +Finances. +* IRA - $190k. +* 401k - $195k. +* Brokerage - $90k. +* Net cash - $30k. +* No debt other than credit card for living expenses, which gets paid in full every month. +* HCOL area (1 of the highest in the US) but lucky with $750 rent. I plan to move into LCOL state should I RE and the rent terms change. +* About 5.8 years to go before I hit my original FIRE goal of $1M. Or 10.1 years if I can work part time and cover my living expenses without drawing from my investments. +. + +Current job and lifestyle. +* $125k total comp plus health/dental/vision care insurance. +* Finance industry. +* 3 weeks vacation. +* 2.5-3 hr total daily round trip commute in a crowded public transportation. +* 9 hr daily shift with 1 hr daily unpaid OT every quarter. So with commute, work consumes half the day. +* work is easy but repetitive. +* Both 401k and IRA contributions have been maxed in recent years. +* On weekdays, arrive home at 7:30pm or 8pm to play video games or gym or netflix. +* Weekends are for running errands, dinner out. I'm an introvert and quite content so nothing extravagant. +* Healthy but could be more active. Gym has been sporadic. +* Immediate family is also healthy and live within their means. +* No plans to marry or have kids. +. + +Margin of Safety (in case of a catastrophic market event). +* Friend and family able and willing to provide temporary shelter and at least some some food. They are financially solid living within their means, working in different fields. +* Keep CPA license active. I plan to take on part-time work like simple Taxes and bookkeeping. Low profit margins but something low risk in professional liability and allows me to work remotely. +* Dual citizen with even lower COL in my birth country. +. + +Why quit? +* I'm not really sure why. Work is easy but not fulfilling. Boss and immediate co-workers are sane and nice people. I get compensated fairly given the location and industry. I don't work crazy hours or have to respond to emails during off hours. +* But I dread waking up and going to work. I feel uneasy during Sunday afternoon knowing I have 5 days of work ahead. And feel happy when it's the weekend. Thank God it's Friday (aka 5 days of my life is finally over). +* I tried to look for a work from home position but was not able to find one. It's prevalent in this specific industry to have face time. I've read through [similar posts](https://www.reddit.com/r/financialindependence/comments/81fx7e/i_31f_think_im_ready_to_quit_my_job_and_go_work/). +* I'm not getting any younger to do stuff on my list (namely travel). +. + +Why should I keep working? +* 6 figure salary. Also a bit of sunk cost fallacy in which I worked hard to get my professional license and earn my way to this salary to just walk away. +* I like to be pampered which costs money. I've always have to be mindful of lifestyle creep/inflation. +* The thought of no incoming paycheck and eating into the savings is a bit bothersome. I went through an unemployment phase during the financial crisis. Even back that time of crisis, I was on a solid financial footing. +* It's comforting to see my savings rise, especially now that the capital base is big enough to generate decent gains. +. + +What I think I would do if I RE? +* Travel on my own terms. I've always felt rushed with the usual 2 weeks vacation. See Europe again, Hawaii again, Mediterranean, South America, Asia, Nordic countries. +* Build a new career that allows working remotely. +* Play video games. I've always enjoyed this activity since childhood. +* Be more physically active. Get 7 hours of sleep. Consistently go to the gym without rushing to get finished and showered so I can go back to work/games/sleep. +* Learn stuff I feel like learning and not just forced to learn related to work. +. + +Thank you. + +Edit 1 formatting +Edit 2 formatting again. Sorry 1st time posting in reddit. Figuring out how to have text appear on next line. +I was on the phone with a TD rep and he said I should consider switching from Wealthsimple to TD and Wealthsimple fills stocks at a higher price and that's how they make their money. I asked if he meant an FX conversion fee and he said for Canadian stocks too. Well I went and checked some of the historical prices vs. what was filled on Wealthsimple and they were all spot on (maybe $0.01 off). + + +Was this rep just lying to get my business or am I missing something? +It's no doubt the market is insanely overvalued and there are growing fears of a massive crash that will trump 2008. I'm curious how much cash you're all rolling with during this time. I rarely carry cash but starting last week I've retained 10% in cash in anticipation of said crash. +Curious what people think? + +The company has never turned a profit. Trading at 30 times sales amount. What are people banking on and keep buying soaring the stock? + +Would you invest at these prices? +I didnā€™t know how else to word it for the title, but I mean have you noticed struggling financially has made you unmotivated, tired, or just plain lazy(like canā€™t be bothered)? + +I was at my part time job today and just thinking about how exhausted Iā€™ve been all week. And I need to state this job is very relaxed and not really stressful at all. I used to not be this way. I know Iā€™m older but Iā€™m only 37, so I donā€™t think I should feel this depleted. Then I thought maybe itā€™s because over the last few years Iā€™ve had lots of money worries, havenā€™t been able to eat properly regularly, continually trying to get ahead and failing, and general anxiety over the future. + +But just being tired wasnā€™t the only thing I was feeling. I was thinking about personal projects I have been working on or wanting to work on and didnā€™t feel excited or motivated, it was more like bothersome. + +I used to not feel this way! I used to keep myself really busy, not just at work, but with my side projects and I used to be excited about it. Everything feel ho-hum now. + +So I was wondering if this is just me or if other people have made this correlation? + +**Edit: I wanted to add a reason that I wanted to ask this is I know Iā€™ve had mild depression the last few years and want to see if this feeling wasnā€™t just a symptom of that, though Iā€™m sure it does have a hand in it. + +***Edit 2: Thanks to everyone that has commented! I tried to comment on as many as I could. I appreciate all the comments and different perspectives. Iā€™m glad most understood I didnā€™t mean poor people are lazy and donā€™t work hard (lord knows thatā€™s not true at all), when some one mentioned burn out that term was more in line with what I had meant. + +I just typically call myself lazy because I could do have time to do projects when I get home but often am just exhausted and just want to eat, veg out to the TV, and go to bed. So thatā€™s the only term that my brain fog could land on! +I've just sold one 550p TSLA for 1.95 premium expiring tomorrow. Is it really a free $195 or, worst case scenario, owning TSLA stock at a great entry price if it tumbles over 15% in one day? What am I not seeing here? + +edit: theta is just going at it. I've gained 20% of it in under an hour. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +The wild card tweet, and the Gattaca "never saved anything for the way back" tweet, plus the fact he has enormous diamond testicles.....I think the two o clock spike was mostly him. + +Either way, I'm looking forward to his YOLO update more than ever! +So there is a Property I am Interested in which consists of a main house and a back apartment that was added on. Turns out the apartment was built w/o permits. I was previously told on here to back away from the property because of this & also because I didnā€™t know if it was even zoned for multifamily (turns out it is. its rm4, which in San Antonio is mixed residential). I have signed a ā€œexecuted contractā€, which my realtor said gives me time to get an inspector and contractor to check out the house & apartment. She said during this time (10days) if they find any issues I can back out if I want to (I know I can back out now, but Iā€™m very drawn to the property so I want to go a step further and get it inspected). Iā€™m going to get the city inspector and a reliable contractor to check it out this coming week. My main question is, if they find no issues with the property should I go forward? I guess Iā€™m just wondering if I can trust these two opinions? + +Also, the seller said that a previous buyer got an inspector and contractor out there and they found no issues, but buyer had to back out do to other reasons. I + + +Another question, the current owners recently found tenets for the apartment. is it illegal to have people live there if it doesnā€™t have permits? + +Again, thanks in advance. +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) +Iā€™m new to investing and I think instead of doing research and after reading other boring subreddits Iā€™m in on BBOZ* today I want to live this dream with you + +Thanks to you guys Iā€™m jumping on the roller coaster I donā€™t own diamonds hand Iā€™m too poor and I let my emotions dictate my investments + +Iā€™m in +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/ywAGqfUAQE). +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) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I always hear people say "Buy a property and lease it out while continuing to live with parents so that the rent money pays down the mortgage for you." + +But my understanding is that if you receive rent at a % lower than your mortgage loan's interest, you're losing money and would be better off not buying property to lease out. + +Sitting on your money and building it up would get you financially better off than buying immediately just to rent out, right? + +In most cases, it would be bad to buy to lease out as per my understanding. + +Example numbers: + +If mortgage = 500k @ 5% and rent = 3% (480/w after tax), then bad financial decision. + +If mortgage = 200k @ 5% and rent = 12.5% (480/w after tax), then good financial decision. +A couple months my mortgage got moved to a new company. With the stock market in such bad shape I decided to pay down on my mortgage a few months in advance. With the thought that I am preventing some of the interest from incurring and if I needed the money for something I could just stop paying early till the bill caught up. + +The new mortgage company sent a letter however telling me that if I want to have the early money prevent interest I need to call them and say that it is going to the principal, separate from my monthly payment. If I do not call them they will treat it as just money they are holding on to for me until it's due. + +I am still pretty new to the mortgage thing, but this seems off to me. + +Update: +Thank you all for the information I have received. I now know that mortgages do not work like credit card payments, and that if I wanted to kill my interest i would have to apply it to the principal which would not count as a early monthly payment. + +Going forward I will instead look for some low risk investments to put my little extra savings into. +Dashing hopes of a quick economic turnaround, investments in the just-ended December quarter fell to a 14-year-low, fresh data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows. + +Indian companies announced new projects worth ā‚¹1 trillion in the December quarter, 53% lower than what was announced in September quarter, and 55% lower than the year-ago period. + +The sequential decline in capex announcements was led by a sharp decline in new project announcements by the private sector. New public sector projects also declined compared with the September quarter of FY19. Fresh investment announcements in the public sector fell 37% on quarter and 41% on year to ā‚¹50,604 croreā€”the lowest level since December 2004. + +The decline in fresh investments was across the board, with all major sectors witnessing a fall. + +*Livemint* [story](https://www.livemint.com/Politics/djaa4hxQTklGR3lOws8hzJ/New-investments-in-India-plunge-to-14yearlow.html). +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). + Government of India, in consultation with Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021: Ministry of Finance + +https://twitter.com/ANI/status/1392504754291367937?s=20 +Since people say they find it useful, I thought I might try post form and see if it gets enough interest to continue doing semi-regularly + + +My list of pennies holdings (most anyways) with quick notes: + +$ALYI - EV motorcycles + hemp batteries + +$ASRT - early boomin (in shadows until March 9th - have posted more info) + +$BANT - drones, robots, covid solutions + +$BETR - psychedelics + +$CELZ - patent monster + +$CLWD - ecommerce + AI + +$COOL/CLABF - Nasdaq bound, psychedelics + +$ECEZ - wastewater products + +$EPWCF - healthcare + covid + +$EVIO - legalization testing that hit bumps, recovering + +$GBHPF - hemp play + +$HEMP - booming, cheap, new mgmt recovery play + +$HPQFF - nano silicon breakthroughs + +$IGEN - tech mgmt solutions + +$ITHUF - getting huge + +$IQST - EV battery company + +$LVVV - booming, cheap + +$RVVTF - psilocybin + +$SGSI - High Wire Networks merger (cybersecurity) + +$STHC - takeover AMECA mining + +$TBPMF - first THC FDA trials underway by these guys, they are aiming for the first FDA approved THC prescription + +$TGIFF - Vegas cannabis play, $2m quarterlys cheap + +&nbsp; + +2 more I got today + +$EXROF - high powered electric tech + + +$MSRT - massroots (big thc play) +Twitter, which sued Musk in July to force him to close the deal, says attorneys for Tesla had claimed 'investigative privilege' when refusing to hand over documents it had sought. + +Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter Incorporated, the social media company said in a court filing released on Thursday. + +While the filing said he was under investigations, it did not say what the exact focus of the probes were and which federal authorities are conducting them. + +Twitter, which sued Musk in July to force him to close the deal, said attorneys for Tesla Incorporated had claimed ā€œinvestigative privilegeā€ when refusing to hand over documents it had sought. + +In late September, Muskā€™s attorneys had provided a ā€œprivilege logā€ identifying documents to be withheld, Twitter said. The log referenced drafts of a May 13 email to the US Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC). + +The court filing, which asked a Delaware judge to order the Muskā€™s attorneys to provide the documents, was made on October 6 ā€“ the same day that the judge that paused litigation between the two sides after Musk reversed course and said he would proceed with the deal. + +ā€œThis game of ā€˜hide the ballā€™ must end,ā€ the company said in the court filing. + +Alex Spiro, an attorney for Musk, told Reuters that Twitterā€™s court filing was a ā€œmisdirection.ā€ Twitter declined to comment on Spiroā€™s response and to Reuters queries about its understanding of any investigation into Musk. + +The SEC did not immediately respond to request for comment and the FTC declined to comment. + +The SEC has questioned Muskā€™s comments about the Twitter acquisition. In April, the SEC asked Musk whether the disclosure of his 9% Twitter stake was late and why it indicated that he intended to be a passive shareholder. Musk later refiled the disclosure to indicate he was an active investor. + +In June, the SEC asked Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal. + +The Information, a tech news site, reported in April that the FTC was scrutinizing whether Musk failed to comply with an antitrust reporting requirement as he amassed his stake in Twitter. + +Twitter said in June that the takeover deal with Musk had cleared an antitrust waiting period for review by the FTC and US Justice Department. + +Source: [https://www.reuters.com/markets/deals/elon-musk-under-federal-investigation-tied-twitter-deal-twitter-court-filing-2022-10-13/](https://www.reuters.com/markets/deals/elon-musk-under-federal-investigation-tied-twitter-deal-twitter-court-filing-2022-10-13/) + +Elon Musk is allegedly under investigation by federal authorities for his conduct in connection with the Twitter (TWTR) acquisition according to Twitterā€™s court filings. Do you think TSLA might keep tanking on this news? +Came across this podcast recommendations site. The finance, economy and markets collections are really good. Do check them out. Some good shows here if you want quick bite sized updates or in-depth takes on topics. + + +[https://podhead.co/collection/finance/](https://podhead.co/collection/finance/) +[https://podhead.co/collection/markets/](https://podhead.co/collection/markets/) + +[https://podhead.co/collection/economy/](https://podhead.co/collection/economy/) +Hi all, + +So I don't know if this topic was discussed recently (I found a post from [5 years ago](https://www.reddit.com/r/financialindependence/comments/3hpp8z/does_anyone_else_here_feel_like_they_want_to/) ) but when you are calculating your net worth and FIRE number do you want to spend more in the future than you are spending right now? + +In our case we live very frugally, no car, no debt, no useless things etc. But when we are FIRE we would like to buy a camper and travel a bit. Or maybe spend more money on travel? Buy a small house and live there? + +Just to throw some percentages. we save 70% and live on 30% and after FIRE we would like to double our monthly expenses. + +A user from 5 years ago described perfectly how I feel: + +> My idea of FI is to never have to worry about money beyond not being stupid. I'm perfectly fine with being ultra careful with money pre-retirement to not have to feel that way again when I do retire + +Many thanks! +A gem from ColdFusion, please take the time to watch if you don't know everything about our monetary system. + +Everything in the latter part of the video is essential for anyone who uses fiat backed investments (virtually everyone). Hope the video offers valuable insight for any (particularly the new) investor. + +[https://www.youtube.com/watch?v=mzoX7zEZ6h4](https://www.youtube.com/watch?v=mzoX7zEZ6h4) +In December 2017 there was a period where all a company had to do was say they were getting into pot and they had a sudden boom. I see that happening now in the States with legalization on the horizon. I made a lot of money at that time finding pot companies that hadn't yet had their first major spike. Does anyone have any recommendations for US stocks like this? +I have been Daytrading since March, doing quite well. Roughly 40% up and life was nice. In the past two months though I have lost basically several years of savings due to getting too cocky (with leverage and not following my trading rules). + +I feel quite down, have not traded for weeks and am unsure how to get back from this slump - mentally and financially. For those who have experienced something similar and gotten back on track, how did you do it? +ASKO seemed to be an interesting investment imo. Now after the launch, the thing went down to hell, new website is trash and the price can't get higher because people are selling all they have as soon as it hits .15$. Any ideas on what happened ? Any of you confident in holding ? +[As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be Americaā€™s Youngest Self-Made Billionaire](https://www.forbes.com/sites/christopherhelman/2020/09/25/as-electric-truck-startup-hyliion-goes-public-founder-is-set-to-be-americas-youngest-self-made-billionaire/#499fecc615c9) + +Intro: + +> If all goes according to plan, Thomas Healy, 28, will become Americaā€™s youngest self-made billionaire next week + +Excerpts: + +> According to SEC filings, Healy will be the biggest shareholder, with 22.9% of the company, or 34.97 million shares, worth nearly $1.5 billion. + +> He may not be as slick as the other billionaire electric truck impresarios Elon Musk or Nikolaā€™s disgraced former CEO Trevor Milton, but Healy has one up on both Tesla and Nikola when it comes to getting revolutionary tech onto the road. There are already 20 trucks operating with Hyliionā€™s electric powertrains, built via ventures with Dana Corp. and Volvo. Tesla said this year it was delaying production of its Semi until 2021. Shares in Nikola meanwhile have collapsed from the $70s to less than $20 amid fraud allegations and the departure of Milton. + +Also: + +> Healyā€™s e-axle evolved into a complete drivetrain system that Hyliion calls the Hypertruck ERX. Replacing the diesel engine is a bank of electric batteries, which are charged via onboard generators that run on tanks of compressed natural gas. Healyā€™s approach contrasts with the fieldā€™s first movers, including Tesla and its all-electric, battery-centric approach, as well as Nikola, which aims to power its batteries using hydrogen fuel cells. + +And: + +> Automotive parts giant Dana Inc. in March 2019 made an equity investment into Hyliion, and together they are manufacturing and marketing the device to Danaā€™s slate of customers, including truck giants Volvo, Navistar and Peterbilt. Today truck makers install engines from Cummins and transmissions from Allison. Hyliion hopes to someday join that echelon. First large deliveries of the Hypertruck ERX could come in 2021. +# Summary + +To prevent some problems we've seen around polls, all governance polls should be posted by a moderator account + +&#x200B; + +# Problem Statement + +1. We've been seeing some problems surrounding polls such as harassment of the author, ad hominem attacks on the author, and distractions by opponents such as "the author only wants this because they have X moons". None of this is relevant to the idea itself and only serves to derail discussion +2. Other users have voiced concerns that individual mods suggesting a proposal introduces bias, intimidation, coercion, or other negative influences. For the record, mods have no non-public information about polls such as how any users have voted. However, we still recognize that this feeling does exist. +3. Coordinating with users to finalize and post their polls by the deadline is some work and being able to post all the polls at the same time ourselves would allow for a more organized Moon Week + +# Solution + +All governance polls will be posted by a shared mod account, probably u/CryptoMods like this one is. These polls would be distinguished so they do not earn moons. This account should have little to no moons to distract users from the poll. This would allow a much smoother organization of moon week, with all polls being posted at once + +Note: This does not affect normal polls such as "What is your favorite crypto wallet?" + +&#x200B; + +There are a few potential downsides to this that I can think of: + +* The author of the poll does not get pinged with every reply, so they can't answer questions or defend their idea as easily +* The author does not get credit or moons for their proposal + +&#x200B; + +(This poll will be distinguished in a few days, but not immediately since that could give it more visibility and an unfair advantage over other polls) + +[View Poll](https://www.reddit.com/poll/pfxh47) +My workplace is already looking at making most of the workforce redundant. + +Many industries will be suffering and letting workers go. + +I have savings but not much. Iā€™m sure many others are in a similar boat. Looking for a job with tons of others while a pandemic is going down doesnā€™t sound like a whole lot of fun for me. + +Posted the above text to /r/UKpolitics and someone advised I come here. + +Email went out to the workplace a few days ago asking for voluntary redundancy/shorter hours, etc. We are expecting another email soon outlining a ā€˜restructuringā€™ of the business. Obviously things are still up in the air but Iā€™m in hospitality and the higher-ups have tough decisions to make. + +So my personal financial situation? Could be better. I live in a rented apartment with my partner, but they work at the same place as me. My savings arenā€™t much (might last 2 months) while she has perhaps 5 times more than me. Maybe a bit more. + +I donā€™t really feel confident in this situation. I donā€™t have a huge skill set or much working experience outside of retail/hospitality. What moves can I best take to protect myself? +So background, I'm 20 y/o, my father died 13 years ago and he gave my mother a lot of money in his will. Of that money she gave my sister 100k on the premise that she wouldn't spend it, only hold it. Several years later, and after she spent 30k, I get cut a check for the rest, 70k. So here I am with a check written out for 70k and everyone in my family says that if I deposit this check I'll get screwed out of the money by the government. I was going to open a new savings account with that money and leave it there, because I don't intend to spend it, but them saying that leaves me hesitant. Is what they are saying true, and if so is there anyway around that? + +Edit: +So to clear up a few things, we do, in fact, live in the United States. My sister was given the money to hold after my father died because my mother trusted her to not spend it, obviously that didn't go too well. I asked my mother if he had a will and she said that didn't have one written out, she just split the money like he asked her to. I deposited the check this morning, and was told that the whole thing should be free and clear on the 22nd. Apparently the savings account comes with a free financial advisor, I'm planning on talking to them to see what's the best way to use the money, and I plan on learning about finance as much as possible so I can avoid situations like this later on. +While an audited Proof of Reserves is underway, Kris the CEO of Crypto.com just shared a dashboard of their holdings on Twitter: [https://portfolio.nansen.ai/dashboard/crypto.com](https://portfolio.nansen.ai/dashboard/crypto.com) + +[Nansen AI Portfolio Dashboard](https://preview.redd.it/i5r5yqf7wbz91.png?width=1070&format=png&auto=webp&s=b6c427e9796ce89c7cfc1c20c12ea0300299d1f8) + +Out of 2984 Million, Crypto.com holds roughly + +* 31.12% in BTC +* 19.83% in SHIB +* 17.13% in ETH +* 6.66% in USDC +* 4.92% in USDT +* 20.33 as Others + +A fully audited Proof of Reserves will be coming in the upcoming weeks. + + +What I found interesting is that Crypto.com holds a whopping 19.83% in SHIB which is like 600 Million in SHIB. This must be where they make their most fees and how they attract users. +Straight from the ~~OCC's~~ ~~horse's~~ ~~whore's~~ complicit 'self-regulating' market entity's mouth: "contains supplemental material to accommodate the introduction of a third type of implied volatility option with an exercise settlement value that is calculated differently from other existing implied volatility options." [https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document](https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document) + +&#x200B; + +[hmmm, you don't say...](https://preview.redd.it/0m222yojgf181.png?width=1060&format=png&auto=webp&s=e93720757b2cbdd674efdab07aacb6bf4475c782) + +Scrolled through New for awhile and searched various keywords/phrases and haven't seen this mentioned yet. Seemed relevant for everyone's favorite stonk (that also happens to be especially volatile recently, after a bit of, shall we say, *sideways trading,* looking at you [u/johnwithcheese](https://www.reddit.com/user/johnwithcheese/)). Seemed especially relevant considering the recent DD on variance swaps by u/leenixus and frends, related/supporting work by u/mauerastronaut and everyone's favorite pomeraniape u/criand. Seems like it also might help explain curveballs thrown at u/gherkinit's current well-formed and data-tested hypothesis, and those of others' as well. + +The last time that this type of product was introduced was October 2018 (and April 2015 before that): + +&#x200B; + +https://preview.redd.it/lrhiqedgkf181.png?width=425&format=png&auto=webp&s=ef348b98b5aa5f0b6b0b2c69787ec1284c142d27 + +Also felt worth mentioning that it gets mentioned at the literal last sentence of the 97 page document (and syntactically separate from the previous list of (vii) inlcusions): + +&#x200B; + +https://preview.redd.it/1q7pn93nlf181.png?width=403&format=png&auto=webp&s=1ae3f9fa73c3e54046e9b85a9801bf92689eb486 + +One of the points that jumped out at me the most is that the relevant variance swap products were valued at end of day, which determines exercise settlement value and directly affects when the swap owners have to hedge/cover/roll/etc. How much you wanna bet this new implied volatility option isn't valued at EOD...? Drum rolllllllll please: + +&#x200B; + +[Well you don't say, values derived from a range of component put and call options, or values of same put\/call options calculated during one or more periods of time at or near the OPENING of trading. Seems totally legit, transparent, and non-shady.](https://preview.redd.it/laoqy13tmf181.png?width=980&format=png&auto=webp&s=83348478d69549af45dd26b37b9a71b9ff0c69dc) + +So yeah there's that. Oh, and if the underlying stock doesn't trade at open for whatever reason, *a substitute value* (pg 33), can be used in place of the opening values or range of values or whatever other horse shit they come up with that makes the numbers line up closer to where they need them. I mean, come on... + +&#x200B; + +[as long as you yell SURPRISE first. i don't know about you, but i didn't hear anyone yell this time ;-;](https://preview.redd.it/6ary6zu3uf181.jpg?width=1080&format=pjpg&auto=webp&s=d70254b737412d0d2d9a7ef9f1db76ddaff64053) + +There are a bunch more notable amendments, including these from two paragraphs on page 47 of the document, regarding settlement and exercise of options held by individuals outside the US: + +&#x200B; + +https://preview.redd.it/q9dp8mpyof181.png?width=830&format=png&auto=webp&s=1d8bdbfdc0266c75451e219bad6c49a5c42510a8 + +These amendments appear to remove the ICC from the equation in these types of settlements, as well as allow the OCC to "discharge" their "obligation to deliver or pay... in satisfaction of option exercises" to correspondent banks, forcing "brokerage firms and their customers" to rely on said correspondent banks "to deliver or pay". Let's pass that buck around some more, shall we...? + +There are other amendments that also appear to be notable, juicy, and possibly relevant, tidbits in addition to these (especially those that relate to new IV option type, settlement and exercise, and "Special Features of Flexibly Structured Options"), but I'm somewhere half- and full-baked and am gonna wrap-up for now and go chill for a bit. + +*\*passes doobie to the left and just barely remembers to do a TL:DR for the fellow smoothies\** + +# TL;DR: The new (October 2021) Options Disclosure Document from the OCC introduced a new type of implied volatility option, and its valuation is handled differently than existing IV options (value at open/range of values at open instead of value at EOD). The last time this happened was in October 2018. Other amendments include various changes to settlement and exercise procedure. + +# SPECULATION: Feels particularly relevant to current context, market action, and recent DD; might help explain recent volatility and be helpful in adjusting current hypotheses. + +EDIT: It was kindly brought to my attention that calling the OCC a 'whore' is actually an insult to sex workers worldwide, and that the use of the word 'whore' in that context could be considered insulting/dehumanizing to some, which was never my intent. Hopefully this quick edit illustrates that, and my sincere apologies to anyone that was offended by the original. Hope everybody has a nice day, gobble gobble xD + +[the dude abides](https://preview.redd.it/we901s31wf181.jpg?width=625&format=pjpg&auto=webp&s=b599139d9266348bab47bafbe9f710978edc9d08) +Iā€™m considering making the jump from my Finance job to join a high growth / high risk tech company on the west coast. Currently in mid -20s making about $300k cash + $50-$100k in equity in current role (VHCOL). + +New role is offering a competitive package but ultimately the equity could be worth zero. The cash piece is enough for me to live comfortably but would be saving far less than I do now. Incredibly exciting opportunity and theyā€™ve got backing from high quality investors. + +If this hits, this could really accelerate my Fatfire journey, but if not it could temporarily set me back. However Iā€™m still quite young and I could always return to finance if I feel so compelled. + +I was wondering if anyone has made a similar change or considered one and chose to forego it and any advice you may have on thinking through this. Thanks in advance. + +If this post doesnā€™t follow the guidelines please remove. + +Edit - details of new company comp. ~$300k package - 50% of that is equity that vests over 4 years, rest is cash. Business in my view has maybe a 25% chance of 10x+ and 50% chance of maybe 2-4x, 25% chance it zeroes. Other considerations for me are not just comp but also in terms of career progression and opportunity to learn. Long term would like to start my own business and learn the skills to do so in the interim. Like I said I am young, but would be walking away from a place I worked quite hard to get to. +Yes, NFTs and crypto shit is cool, but lets not forget the entire financial system is held together with string and shitty glue. + +JPOW and every crook under the sun has their dicks caught up in a system so unimaginably fucked, we'll be living with the fallout of the next collapse into our fucking 50s, 60s and 70s. + +It is unraveling right before our eyes. The wrinklies have foreseen it. + +It will come undone anytime between now and September. + +HODL my primates. Buy and HODL. +I've heard that the collective memory is poor in that we tend to believe the past will repeat itself. Since the crash of '08 with a subsequent miraculous bull run, it seems everyone is in constant anticipation that something will break it, and a recession will be upon us, perhaps resembling somewhat like the last crash. However, Howard Marks notes that although there are problems in our economy, there are also aspects to feel optimistic about, and we're unlikely to experience anything remotely so severe. I'm uncertain of what posture is appropriate. If any investors have lived through multiple past cycles of boom-and-bust, what do you anticipate is coming? What do you think it will *feel* like? If I'm truly a long term investor, should I continue holding my positions with the knowledge that you truly outlive any pullback without much permanent consequence? +I am bay area techie working at a private tech co + +Early 40s, 3 kid <10yrs, and not ready to fire for another 10 yrs + +I got permission to work remote pre-covid and have been doing that in home office + +We want to move to socal due to wife's family down there and better quality of life vs SV burbs + +We are homebodies and would get a lot of value out of big yard, pool, nice house with room for guest + +Prices range from $2m - 6m in our target hood. + +My current house in SV is \~$3m for 2k sqft and no yard. + +Private bank happy to lend me $2m at 2.75% for new purchase. + +I am ok going taking on some add'l leverage / risk as I've moved a dozen times in my adult life and ready to find the place we can settle into vs. playing it perfectly safe which I've done most of my life. + +**Major assets - \~$7m real + $7m funny money** +\- $3m cash +\- $1m in liquid public market securities +\- $1.25m non liquid real estate investments +\- $1.5m home equity in current house (worth $3m) +\- $250k in liquid college savings accounts +\- $7m in vested equity in private co (maybe windfall in 5+ years, maybe 0) + +**Cash flow** +\- Single earner $400k/yr base, going to $550k/yr in 2022 +\- $240k/yr after-tax disability plan in place +\- $500k/yr stock grants, large private co again could go to 0 so I don't factor into current life planning +\- $100k/yr cash flow from conservative real estate investments + +**Questions for my FatFires - how much can I afford without just being stupid?** + +I won't retire for at least 10 years and will likely sell big house when all kids are out of HS (likely 15 years) + +The banking calculators don't give me the good subjective kick in the pants you folks will :) + +I am also considering selling here, renting for a year down there until COVID shakes but I still want to think about budget. +History has shown us from time to time how great it has turned out if a dollar was invested 10 years ago. +An asset class coming from less than a 1c to reaching a 69K$ mark is just insane and with its halving , low supply and higher demand just makes the best investment class available for everyone out there. Keep investing +Just something I've been thinking about lately. + +I keep hearing - from people more intelligent than myself - that the effects of rising interest rates take time to manifest. If this is the case - and it takes a number of months for CPI and inflation to show the effects of rising rates, then wouldn't it stand to reason that central banks would want to slow down on the rate hikes once inflation measures start dropping? Presumably, inflation rates would keep dropping even after the hikes stop. + +If central banks keep hiking rates until inflation nears 2%, then wouldn't there be an expectation that inflation and CPI would keep dropping afterward - eventually falling off a cliff? + +Wouldn't this be bad? Or am I completely misunderstanding the way this works. +I'm looking to add more Dividend Growth stocks to my portfolio. My issue is, I seem to be running out of good candidates to choose from that I don't already own. + +The main criteria I'm looking for is the following: + +* Increasing dividends every year by minimum 5% +* Increasing revenue & earnings every year/quarter +* Strong and increasing Free cash flow +* Payout ratio below 80% + +Does anyone know of some unicorns with all these traits? Some names I'm looking at right now are CAE, ATD.B, T, FTS, AQN, NTR. Others I've considered are SU (though I don't want to go long oil) and WSP (which hasn't increased its dividend in over 5 years). + +I currently own BAM, BIP, BCE, TD, RY, EMA, XRE, ENB. Any suggestions are appreciated! +it just seems like an unnecessary hurdle for people to get access to housing since they don't check for income at lease renewals. + +take this for example + +January 1 - apply to $800 apartment and you need to gross $2400. you get approved + +July 1 - lease renewal, they are raising your rent to $1100 and don't bother checking if your income has magically raised to $3300 during this timespan + +plenty of their tenants are paying 50% of their income or more with all the rent raises. + +&#x200B; + +don't get me wrong, i fully understand ***on the tenant's end*** wanting to aim for something 1/3 of your income, but sometimes that can be a hurdle. for example, a lot of homeless people are actually employed. they will live in hotels that take up all of their income because their income doesn't qualify for an apartment that'd be half the price. being poor is very expensive. +I've had a savings account with PNC for early three years with an average account balance above $10K. In those three years I've earned an APY of 0.13%. I just switched my savings to ally and in my first month I made more than $11 on my money. That's more than I made from PNC in the lifetime of my account there. + +If you're on the fence, make the switch, it's worth it. (I still have my checking through PNC to maintain the ability to do cash withdrawals.) +I have a very specific question - Has anyone here used the relatively new Interactive Brokers (IB) Client Portal Web API? + +If so, are you using it to place and manage trades? What type of problems, if any, have you experienced with it? Also, how satisfied are you overall with it? + +If you're an IB auto-trader, have you incorporated this API into your trading, or are you still using the headless gateway? + +For those who are unaware, I'm specifically referring to the newer Web-based RESTful API that obviates the need for TWS or the headless gateway... it allows you to use OAuth authentication. Please do not respond if you're using the TWS API or FIX CTCI, as they are not what I'm asking about. + +&#x200B; + +https://preview.redd.it/n3v8ch0uyrl51.png?width=566&format=png&auto=webp&s=b87527d88de9f319216253f2e0ab1091775fb46d + + +I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point. + +I have been looking for brokers with APIs but I could not find any that match my criteria yet. + +* Ideally, I would like the broker to have low to zero fees +* has Official API +* has Demo account +* Can be used in Europe + +I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule. + +Interactive brokers do not offer free trades outside US + +I also came across trading 212 which has an unofficial python API that's using selenium. not ideal... + +as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market. + +Any recommendations? +I haven't been following the news for the past few weeks, and today when I checked, the whole planet's stock market seem to be going down. + +What happened? +Most of us here probably use bitcoin for many different reasons, but I believe that there is one reason that us early adopters all share: We love the decentralized nature of bitcoin. + +When I say early adopters, I am referring to all of you reading this. That's right, every single one! + +We all took the initiative to invest in a technology not yet fully developed, a technology which role in our society is not yet known. We didn't do it because we had to, or because everyone else where doing it; we did it because we believe in it. + +Using a service like coinbase effectively shows the world that the very essence of bitcoin, the very reason we started using is, doesn't matter to you. + +Using a service like coinbase is analogous to when people first started using banks to store their gold, and it's because of this that our financial system looks the way it looks today. + +Mind you, people didn't have much choice back then, as the alternative was to store the gold yourself. + +We have at our disposal a currency specifically designed to eliminate the need for a third party, yet many entities flaunt many features in order to hopefully be accepted as one, and we can't really blame them. + +This is an anarchic system, and if bitcoin becomes what as big as we all want it to become, people are gonna want to have control over at least some part of it and if we accept such an entity, the oligarchs of today are gonna be able to control it. + +It isn't hard to imagine a future where the only bitcoin transactions accepted are the ones through coinbase or coinkite. + +This time we have a choice and I employ you early adopters, you who care about bitcoin abs want it to succeed, to help keep bitcoin decentralized. +Back ground: My entire debt portfolio is 2 funds: HDFC short term debt and Nippon India Low duration. Both of them grew big and I wanted to start moving future debt investments to two funds from two different fund houses. So I chose Franklin Low Duration fund in Jan 2020 and invested around 2Lakhs. I think you all know the story after that. It never occurred to me to check AUM trend then). + +Then Vodafone bonds are moved to segregated folio and finally the bond is inactivated. While we are getting money and this fund got most of the money back, my tax situation last year as well as this year is such that any new income is lost to surcharge as I am just at the boundary. All the money I got from Vodafone folio and all the capital gains I got from the money paid back are basically lost and I am getting just my capital back. + +Anyway I wanted to add some rules to my google sheet portfolio tracker to warn me about debt funds. Basically I wanted to check AUM for last 6 months to see if there is any redemption pressure as that would have warned me against Franklin fund. For e.g., Franklin Low duration fund AUM was on decline for long time before April 2020. + +&#x200B; + +|Date|AUM| +|:-|:-| +|30 Nov 2019|5169| +|31 Dec 2019|4627| +|31 Jan 2020|4079| +|28 Feb 2020|3827| +|31 Mar 2020|2737| + +I think monitoring this would have helped. My idea is to add % of AAA and SOV also and use both of these to throw an exit recommendation when I open the google sheet. Unfortunately the google finance API can't get this data automatically. So I will manually fill these details every month. +Any more suggestions to track? If there is an automatic way of populating these numbers that would be great. +* how would you pick between 1 bhk & 2 bhk for a typical family of 4, that can become a family of 5 in 3-4 years? +* Cannot mention the exact location but 1 bhk flats are for around 55-60 lacs without paperwork and 2 bhk for around 80 lacs. +* What salary or income do you feel is appropriate to go for loan on the basis of it being a 1 bhk or 2 bhk? +* Should 1 keep the down payment as low as possible and loan high? +* How to plan EMIs or other things related to home loan? + +You guys have been of great help in the past too, so thought to come back to you guys for such an imp advice :) Thank you ā™„ļø +We were talking about investing, finance, etc.. and he told me how lucky I am to have been born when I was. He said that when he was my age, got his first job and started a family, the interest rate on his first mortgage was over 15%. The interest rate on my first house was around 4%. He went on to say that after earnestly saving his entire life he finally has a lot of money, but he only gets around 7% on his portfolio because he has a conservative asset allocation with lots of bonds that only earn around 3-5%. + +Basically he lived his life in the least favorable financial conditions for his personal circumstances. When he was young and needed to borrow money, he had to pay historically high interest rates, then 40 years later when he has millions to invest he earns a historically low rate of interest. + +Makes me feel very fortunate, but I know the good times can't go on forever. I certainly don't want to see mortgages at 15% again. F that! + + + + +How common is it for people to hate their jobs? I went from a dead end retail job (that I loved) to a still kind of dead end but better paying council job. Iā€™m extremely grateful to have stable work, but I canā€™t say I enjoy my current role. The thought of working there til retirement makes me want to tear my hair out. +We purchased our home in February this year and have put a significant amount into it, fixing things that needed doing up. My fiance is calling off the wedding and wants to split up but doesn't want to talk about what we are going to do with the house. She says she doesn't want to sell it in a bad market or rush anything. + +I can't imagine we would get what we paid for the place if we sold. Do I have any options besides selling? If I were to buy her out how would that work? Would I even be able to with rates moving so far since we purchased? For reference I put up 85% of the deposit. +Mother of God. I can see why everyoneā€™s tits are constantly jacked (which up until tonight I didnā€™t even know why Iā€™ve been yelling that at people for weeks). I was only 20 when that all went down, but the fact that it could and DID because of the same greed that still exists within our society is all the confirmation bias I need to know that these hedgefucks are truly capable of shorting until their dying breath. Also, the movie was great. + +This is also a friendly reminder that info besides solid DD, BUY, HODL, and VOTE is FUD. + +Letā€™s. Fucking. Go. + +EDIT: Thanks for making me feel like a special little monkey this morning. Also - Iā€™ve arranged that tonight when my wife and I cook dinner and do a movie, this will be our feature film. Sheā€™s 100% trusting of me and is on board but I think this will help her understand why and what weā€™re up against. +I live paycheck to paycheck, as a lot of us in this sub do. My mom knows, she's helped me a lot in the past. + +Next month is my cousin's final dance performance before she goes to college and I was told I needed to be there. Not asked, told. I replied that I can't afford that, because it's a day of overtime pay I'd be missing and there is a bonus in December for working all of your scheduled shifts. I could use the extra few hundred to buy some clothes and shoes, which I desperately need. The performance is a four hour drive away, so now we're talking gas money, also. + +I got yelled at, that I'm selfish. That this is the most important thing in the world and there's no excuse to miss it. I pushed back and my mom said "I don't even know who you are anymore". I'll tell you - I'm POOR. I cannot even afford to take a day off to spend time with family. It's what it is, I didn't choose this miserable existence. These things make me feel like giving up. Permanently. I don't feel like I'm a bad person but I guess I'm wrong. + +Edit: I did not expect this support. Thank you all. I'm feeling better about this, now. +Which course did you take? How long did it take you to master your strategy? Was it worth the price? What would you recommend for someone who has been in the trading game for a couple of months? +Seen a few comments over the last month or so where someone was criticized for the amount they have invested in some way. + +One guy revealed that he has low double-digits at the end of the month to invest, but was excited none the less. This person was saying to him "takes money to make money" blah blah, you know the spiel. The way he/she wrote it wasn't exactly rude and yes, everything they said was true, but it still didn't have to be drilled into this guy's head with repeated comments. + +No need to take someone down a notch that's excited to be apart of this, even if you're right about their potential gains they could achieve. + +In your life those gains may not add up to much but to someone else, in a different part of the world, it could have life-improving significance. + +EDIT: If you come across said jerks, don't be shy to speak out. Don't have to be rude to them, they are already making themselves look like an ass so just help them along. +Thanks for the awards, take care everyone! +I always tell myself to stop buying Apple, but I always give in because Apple is such a cash machine. Would you start diversifying new money in companies such as Square (SQ), Microsoft (MSFT) and Amazon (AMZN). Or would you keep adding more to Apple (AAPL)? + +Edit: Apple (AAPL) is my entire portfolio, don't own anything else. + +Second Edit: Damn this blew up. +In April this year the company (professional services) I am working at invites employees to become equity Partners - where there is a need (equity Partners retiring) and where there is a competent, deserving person who the Partners feel can add value to the company. + +I have been invited (told) to participate in an interview to become Partner at the firm - I have mixed feelings about this because I do not thoroughly understand the role and financial aspects of the process. + +I am mid 30s and have been with the company since I was mid 20s. I enjoy my job, and I fundamentally see it as a job (I am not desperately passionate) which is why I have stayed here, perhaps being under-paid VS what I could have achieved elsewhere. But I also value the flexibility, work relationships and steady nature of life. Pushing my pay cheque to the maximum has not been my absolute priority. + +Becoming a Partner will vastly change my responsibility at the company in many ways. Primarily this will mean I become an equity owner and I will have the benefits and risks of being a company owner. + +As part of becoming an owner, I would be asked to put up Ā£50k which I would need to borrow from a high street bank that there is an existing facility with. Interestingly, the way this Ā£50k is saved I would receive 5% to 6% per annum return on this money - I don't know the further details on this yet. + +That said - I am not hugely excited by the opportunity. There are approx 20 equity Partners at the firm and there are cliques within this and some who hold power and others who are more "yes bods". + +My main question to UKPersonalFinance is that I am wondering if anyone else had insight to owning a firm - or being a "Partner" - and perhaps what type of financial questions I really need to explore and understand before pursuing this further? What from a financial point of view should I be getting my teeth into and discussing with Partners in an interview process. + +One large concern I have is if the company was to go bust - which honestly wasn't too far away from happening in summer 2020 (peak covid) - what my position would be. + +Appreciate this is slightly unusual, but is anyone who has any views or insight would be great. + +Thanks +Hi, I live in Houston Texas and the only affordable place my roommate and I could find is $1,050 per person for a 2 bedroom in Memorial near our places of work. + +I only make $2,300 per month after taxes. Also, I currently have a credit card bill of 2,000 due to my online shopping addiction. + +Am I getting myself deeper into debt? +Hi, + +I am in the process of buying a flat/appartment. The transfer and completion is yet to be happen but I lost my job this week, I was asked to go on garden leave till mid of March, so technically I am employed till mid if March. I was hoping the transfer and completion to happen this month but now I am confused if I should tell my lawyer about this situation or not. + +Can you please advice ? + +Cheers +Hi all, + +It's been a very rough week, my roommate was diagnosed with a very serious auto-immune disorder; He has left his job and moved home to be with his family who can provide him with the day to day care he is going to need with the hope of him being able to overcome this in the long run. With that being said, he is not going to be able to pay me any rent money and we just signed a one-year lease 2 moths ago. I am extremely worried about my financial situation now... I am going to be looking for another roommate in the meantime, but we don't live in a city or an area many people desire to move to, so I feel like I need to plan for the worst here. + +Here are my current monthly expenses: + +Rent + Utilities (internet and gas and electric): $1950 + +Car Payment: $450 + +Gym membership: $15 + +Car insurance: $90 + +Total: $2505 + +Of course, this does not include groceries, the occasional meal out, gas, etc. My salary is $62,000 and I bring home about $3400 a month. I really hate the idea of living check to check, and am considering getting a second job. I only have $3000 in the bank now, and still have to pay rent on the first of August and have some credit cards I need to pay off as well. Overall, I'm just really stressed and looking for some opinions or options on the situation. Do I need a second job? +I keep seeing posts that sound like my boomer dad has logged into reddit to troll us. How many ā€œitā€™s just a jpeg on the blockchainā€ comments do we really need to read? The pictures that we see traded today are simply a proof of concept. They arenā€™t the end game. If you canā€™t see that then your brain is smoother than my grandmothers skin after a Botox session. + +Today I was reading through some gaming posts somewhere and I ran across one that said something like - this gamer spent $15k on some in game content. And they didnā€™t even get what they had hoped for. Imagine an in game item that you can guarantee itā€™s rarity, or even trace itā€™s lineage. What will that be worth to a streamer? What all the micro transactions on an NFT auction house. + +My brain is just smooth enough to realize I canā€™t contemplate how this is going to revolutionize the world, but I fully expect to be shocked. + +I love the technology. I love the team. I canā€™t stop, and I wonā€™t stop. + +MOASS tomorrow! +Hello, I'm a new and aspiring trader currently using simulators and fake currency to get a feel for the system. I got a couple questions for the established professionals in the field so I'll cut to the chase. + +&#x200B; + +1- I've been seeing the fact that approximately 80-90% traders fail before their 5th year of trading or something to the same effect. This statistic is a bit concerning for me as I'm not sure how to take it. Does this literally mean I have a 90% chance of going broke and failing in the next 5 years or does it mean that 90% don't succeed because they don't have the grit, strategy, skill to continue and refuse to learn from their losses? + +&#x200B; + +Say for example there's a trader who's goal for most of his life has been to become a successful day/swing trader and is willing to: + +&#x200B; + +Invest a ton of time into learning the profession + +Contact a mentor + +Learn from trade losses + +&#x200B; + +Does this guy also have a 90% chance of failure? + +&#x200B; + +2- Of the 90% of traders that fail, how many have failed because of circumstances that would've been impossible for anyone to foresee? In other words, how many traders have failed because of pure bad luck? + +&#x200B; + +3- Websites such as Quora, Investopedia, and even other subreddits like r/Investing, r/Stocks pretty much tell you not to go into trading. They say you'll most likely lose everything, just go to a casino as it's basically gambling, you have a 99% chance of failure, etc, etc. Why is trading seen as such by others? Would you consider trading extremely risky and akin to gambling? + +&#x200B; + +4- To the established full-time traders reading this, what is your average return %? + +Also, if you're willing to share, how much do you generally earn from trades per month? + +&#x200B; + +5- Would you recommend against becoming a full-time trader? + +&#x200B; + +Thanks a lot, hope to hear back from a few traders. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +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! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$181.18 / 156,29 ā‚¬** *(volume: 1137)* +- šŸŸ„ 115 minutes in: $181.60 / 156,65 ā‚¬ *(volume: 1103)* +- šŸŸ© 110 minutes in: $181.69 / 156,73 ā‚¬ *(volume: 1098)* +- šŸŸ„ 105 minutes in: $180.87 / 156,01 ā‚¬ *(volume: 623)* +- šŸŸ„ 100 minutes in: $181.04 / 156,16 ā‚¬ *(volume: 429)* +- šŸŸ© 95 minutes in: $181.36 / 156,44 ā‚¬ *(volume: 332)* +- šŸŸ© 90 minutes in: $179.89 / 155,18 ā‚¬ *(volume: 223)* +- ā¬œ 85 minutes in: $179.87 / 155,15 ā‚¬ *(volume: 182)* +- šŸŸ„ 80 minutes in: $179.87 / 155,15 ā‚¬ *(volume: 174)* +- šŸŸ„ 75 minutes in: $179.92 / 155,20 ā‚¬ *(volume: 158)* +- šŸŸ© 70 minutes in: $180.04 / 155,30 ā‚¬ *(volume: 153)* +- šŸŸ„ 65 minutes in: $179.98 / 155,25 ā‚¬ *(volume: 151)* +- šŸŸ„ 60 minutes in: $181.31 / 156,40 ā‚¬ *(volume: 139)* +- šŸŸ© 55 minutes in: $181.33 / 156,41 ā‚¬ *(volume: 120)* +- ā¬œ 50 minutes in: $181.16 / 156,26 ā‚¬ *(volume: 79)* +- šŸŸ„ 45 minutes in: $181.16 / 156,26 ā‚¬ *(volume: 74)* +- šŸŸ„ 40 minutes in: $181.17 / 156,28 ā‚¬ *(volume: 51)* +- šŸŸ© 35 minutes in: $181.20 / 156,30 ā‚¬ *(volume: 51)* +- šŸŸ© 30 minutes in: $181.17 / 156,28 ā‚¬ *(volume: 41)* +- šŸŸ© 25 minutes in: $181.13 / 156,24 ā‚¬ *(volume: 39)* +- šŸŸ© 20 minutes in: $181.11 / 156,22 ā‚¬ *(volume: 30)* +- šŸŸ© 15 minutes in: $181.10 / 156,21 ā‚¬ *(volume: 28)* +- šŸŸ© 10 minutes in: $181.05 / 156,18 ā‚¬ *(volume: 25)* +- šŸŸ„ 5 minutes in: $181.02 / 156,15 ā‚¬ *(volume: 25)* +- šŸŸ„ 0 minutes in: $181.11 / 156,22 ā‚¬ *(volume: 25)* +- šŸŸ© US close price: $182.85 / 157,72 ā‚¬ *($181.50 / 156,56 ā‚¬ 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) + +DiamantenhƤnde 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! +Hello everyone! I hope all is well with you all. + +First, some context: + +**State**: GA \[Atlanta METRO Area\] + +**Household income**: 75k Gross (\~5000mo after tax) + +**Monthly obligations:** + +* Health insurance: $750/mo ($120 for me through my employer + $630 for spouse and child through marketplace.) +* Rent: $400 (parents) +* Car payment: $327/mo +* Car insurance: $217/mo +* Groceries: $500/mo +* Phone bill: $75/mo +* Credit card debt: $60/mo (only $300 left to pay-off) +* Subscriptions: $53/mo + +**Savings:** 16k + +**Family gifts contingent on home purchase:** 7.5k + +My spouse and I have been trying to buy a house in this crazy market for around 8 months. We've already placed 12 offers and only got accepted on a neglected home that came back with a poor inspection report \[backed out\] and an overpriced, 315k townhouse with a 288/mo HOA \[backed out so that we would not become house-poor\]. + +So we started looking into rentals and are only seeing a minimum of 1550/mo with an average rent of 1750/mo! How do people live and save with so little leftover a month? + +Should we rent in the school district that we want (\~rent 1850/mo) and then try to buy a house next year when things cool down? + +**Or should we just start trying to buy a townhome as a happy-medium between renting and buying a house?** Our only concern with townhome is the resale value when the market normalizes knowing that single family homes always sell quicker. + +All advice is appreciated! Thank you! +If you are in the market looking to buy a flat or a terrace house ,how would you determine if the property has good sound insulation : such as not having to hear your neighbors flushing toilets or walking or having sex or even playing music at a moderate decibel levels? + + +I guess you can't tell unless you are willing to camp out in the house for a week. + + +The worst thing is to buy a flat and hearing every sound the neighbors make when they are having sex. + +I was at a friends house in September and we could hear everything the neighbors do. And it's not like they were being excessive. + +There need to be better regulations around noise or sound proofing in UK properties. It's ridiculous currently. +**SOMETHING IS OFFICIALLY HAPPENING, SO STRAP THE FUCK IN** + +* [Immutable X, who just announced their partnership with GME, retweets Director of Blockchain at Microsoft, "Probably nothing"](https://twitter.com/Immutable/status/1489862147198709766?s=20&t=pbmzbU-WBeLiLIuHfZrufg) + + +Good morning apes, + +In the wake of this week's news and this morning's surprising turn of events, I'd like to direct you all to a post I made 4 months ago: [It's time we look into the Microsoft Partnership](https://www.reddit.com/r/Superstonk/comments/q96svk/its_time_we_look_into_the_microsoft_partnership/) + +In the OG post I ran wild with speculation, *which I will continue to do here*, though some pretty damning evidence has surfaced in the last few days that has me JACKED. Rather than have you read the post again, here's some of what I consider to be the main points I made: + +# RC Tweets: + +* I have a theory that many of Cohen's older tweets are directly referring to Microsoft in some way; for example: + * [May 12 (Arlington, VA) tweet](https://twitter.com/ryancohen/status/1392649234944507906): Occam's Razor. He's standing in the damn Xbox section! Also, in January 2021, MSFT signed a lease for sales HQ in Arlington, VA. "Offices will house Microsoft Federal, U.S. regulated industries team" ([https://www.virginiabusiness.com/article/microsoft-leases-space-in-arlingtons-commonwealth-tower/](https://www.virginiabusiness.com/article/microsoft-leases-space-in-arlingtons-commonwealth-tower/)) -- in the Florida tweet, he is also standing in front of an Xbox display! + * [Brick by Brick](https://twitter.com/ryancohen/status/1410398196610723842): One month after the multi-year strategic partnership between MSFT and GME was announced, MSFT released this piece: [Brick by interlocking brick: Three steps to leveraging a newly connected organization](https://cloudblogs.microsoft.com/industry-blog/microsoft-in-business/retail/2020/11/19/brick-by-interlocking-brick-three-steps-to-leveraging-a-newly-connected-organization/) + +&#x200B; + +[Screenshot from OG post further explaining this point; the post draws a few more connections between GameStop tweet's and Azure tech](https://preview.redd.it/yisrge5d1zf81.png?width=744&format=png&auto=webp&s=f7ec7b4a73bec5b7b092eb341cee27b2b1e907b8) + +* [RC Googly Eyes tweet](https://twitter.com/ryancohen/status/1420940035042414595/photo/1): Tell me this isn't Microsoft's mascot, [Clippy](https://www.google.com/search?q=clippy&rlz=1C1CHBF_enUS913US913&sxsrf=APq-WBtoscr0ES-5p_c5cF9SEXNWVUwv1A:1644048133912&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi7rI_IjOj1AhWpg3IEHa3uDsYQ_AUoAXoECAEQAw&biw=1536&bih=722&dpr=1.25#imgrc=E0VoqO8rhzcS8M), Tell me! +* [RC's Florida tweet](https://twitter.com/ryancohen/status/1447407898905268225): Microsoft Corporate office is in Florida! +* Cohen and GameStop rebrand in greyscale: "Going dark" may refer to the silence period before a merger ([https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati\_\_](https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati__)) + +I truly believe Microsoft and their fat wallet are one of the many keys to this giant puzzle. As for what this all means, here's my quick take based on what we've seen so far from Immutable. + +We know that Immutable X and GameStop are striving to be a "juggernaut in NFT gaming." We've also heard that their goal is to have an ecosystem of millions of players who benefit simply from playing their games. How does MSFT fit into this puzzle? I think it's Xbox Game Pass. With 25 million monthly subscribers and studios such as Activision/Blizzard, Mojang (Mincecraft), Bethesda, Riot, any so many others under their belt, Xbox Game Pass is in the perfect position to introduce play-to-earn games to their service. + + +With more than 55 million PowerUp Rewards members merged with ever-expanding audience of Xbox Game Pass, a GME and MFST merger (they are already partnered!) would be an EXPLOSION in the mainstream gaming space for NFTs. What easier way is there to get widespread adoption of the tech than introducing it for free\* to 80 million customers? I'm inexperienced in Web3, but I imagine a GameStop App on the Xbox console would allow for native access to the NFT Marketplace, possibly allowing for the Xbox itself to as the counterfactual wallet (I think). I believe the mostly likely **initial** use-case for this will be reselling assets in play-to-earn games similarly to the way Immutable's God's Unchained works now. Only in this case, in would all be native on Xbox Consoles, PC's, and mobile devices through the Xbox or GameStop Apps! (\*for free: subscribers are already paying for the service) + + +Furthermore, and here's where I put on my smooth brain cap, is Xbox Cloud Streaming. While most of the Xbox Game Pass library is available with the Game Pass subscription, I wonder if the license to non Game-Pass games could be sold as NFTs, similarly to the way "Cloud Version" games exist now on the Nintendo Switch. If this were the case, someone could purchase and stream the game, and then upload the license to the GameStop App and resell it, rather than having it rot on their hard drives. Maybe this is a pipe dream, but I believe we may be headed in this direction. The same principles would apply to digital, non Game Pass games. Intellectual Property rights are always the zinger here, but in the case of Microsoft, they don't seem to be slowing down when it comes to acquiring game studios. + +A GME+MSFT = GMERICA world is the one I hope to be living in. Even if I've overreached, I don't think it's outside the realm of possibility for the inevitable Minecraft NFT marketplace to be hosted with GameStop, or for something as simple as Call of Duty weapon skins to be resalable on the GameStop App via the Xbox or PC. + + +This could also relate to GameStop reissuing new shares under a different name, or even GameStop shares being moved to an entirely different exchange. In my opinion, there's no limit to how deep this partnership could go. + + **TLDR: Microsoft and GameStop are gonna have beautiful MOASS babies for us. NFTs in games can be cool** + +&#x200B; + +**ALSO:** + +*Not related to the post so much, but while I have you here I want to get this off my mind:* + +* There's a lot of [RC Sex tweets](https://twitter.com/ryancohen/status/1462612474071502848) and I almost wonder if this is a reference to "CEX" -- a UK based video-game retailer and once GameStop competitor known for their resale and trade-in program. Also their logo looks like the famous Uno Reverse Card that DFV tweeted lol ([https://twitter.com/TheRoaringKitty/status/1372952491009130496](https://twitter.com/TheRoaringKitty/status/1372952491009130496)) +* Their site is [uk.webuy.com](https://uk.webuy.com) but its not accessible in the U.S + +[Cex Logo](https://preview.redd.it/e9a6dyvj8zf81.png?width=190&format=png&auto=webp&s=751c827f35da7a815cb2c8f90f34655c8bc79569) + +&#x200B; + +[DFV Reverse Uno Card](https://preview.redd.it/spphg9c49zf81.jpg?width=1264&format=pjpg&auto=webp&s=2034dd1fa12568bb58e40cfff210333457482f3e) + +Is GameStop going to buy CEX and revolutionize mobile trade-ins with NFTs?! Fucking maybe. Luckily the model for this has already been laid out: + +Microsoft also has something called the Microsoft CEX-CHANGE ([https://microsoft.cexchange.com/online/home/index.rails](https://microsoft.cexchange.com/online/home/index.rails)) which allows users to trade-in **VERIFIED** Microsoft products by uploading digital **PROOF OF PURCHASE** receipts. They do this by having you scan your paper receipt or uploading a screenshot, but if I understand anything about proof of stake/NFT tech, it's that storing the receipts on the blockchain would be a hell of a lot more convenient for the end-user. Buy a physical product, the NFT "receipt" is instantly stored in the background in the GameStop App/on the blockchain, immediately have access to trade-in through store drop-off or shipping -- and you could get paid immediately in l00ps or GME token or whatever the hell they end up going with! **WHAT IF "SEX FOR DUMMIES" IS CEX STYLE TRADE IN FOR "DUMMIES" -- REVOLUTIONIZING THE GAMESTOP TRADE IN PROGRAM THROUGH THE NFT MARKETPLACE.** + + +If GME acquires CEX, they could "monopolize" the physical gaming trade-in market with NFTs and that would be cool. If this happens *and* Microsoft acquires GME, the world will explode. Had to get that off my mind!!! + +Edit: Calling it now, GameStop or RC tweet "Power to the Collectors!" in reference to acquiring CEX or being bought by Microsoft lol + +Edit 2: Happy to see a positive response! Lots of insightful comments worth adding back into the post. Looking at you, Small Wee Wee! (Micro-soft) + + +I'm 25 with $10,000 in my tfsa. 25+ year timeline and trying to decide on an etf. + +Right now I'm thinking of going with $5000 XEQT and $5000 Tec to increase technology exposure. If you were in my position what would you do? Also, I will be adding around $500/ month to each. +Summary + +- BPY accounting is too aggressive. Neither IFRS book value nor reported Company FFO is suitable to value the company. + +- Due to BAM's explicit support, BPY may either keep or cut moderately its distributions. + +- BPYU preferred stock is undervalued both on an absolute basis and as compared with similar securities issued by BPY. + +- Despite opaque accounting and high leverage BPY current price might be too low to ignore. +Title pretty much sums it up. + + +Just found out I'm going to be a father and beyond excited. Household income is roughly 140k and both my partner and I are debt free. + + +I want to start an RESP (front-loaded once I liquidate some of my investments) but also want to open Junior a brokerage account. + + +Is this possible and what is my best approach to this. + + +Thank you all! +For those of you that have stopped relying on yearly income and mainly rely on investments how did you get out of the "income/spend" mindset? + +I have recently moved away from relying on a yearly income (which makes a lot of sense in my head) and towards a investment portfolio existence - the catch is your NW and income goes up and down daily and so does my frugality/spend tendencies. + +I've had a hard time thinking to myself I can spend X or Y because depending on how my portfolio does I either feel richer or poorer. + +How did you find your centre? +What things changed? +How did you change? +Does anything even change? +How did you decide your lifestyle spend and does it change according to your portfolio and in what timeline? +Overall monthly retail sales growth was -1.2% which missed estimates for 0.1% and Novemberā€™s growth of 0.1%. That was the worst decline since September 2009.Ā  + +Retail and food service sales ex-gas were up 2.9% year over year. Core retail sales growth was 1.9% year over year. + +There have been 3 other instances of monthly retail sales less food service falling 1.5% or more +since 1992. They occurred right before the top in 2000, during the 2001 recession, and during the last recession. + +[Disastrous December 2018 Retail Sales Report](https://upfina.com/disastrous-december-2018-retail-sales-report/) + +[Stock reaction to weak retail sales](https://i.imgur.com/C9kUg0W.jpg) +This morning CNBC ran article about how Barclays initiated coverage of NIO coverage with a PT of $34. Barclays even said NIO could take a sizable share of world market, or even a dominant share. + +* Xpeng: March 11 strike price $25 for $39 +* NIO: March 11 strike price $13 for $16 + +NIO is currently trading at $24, Xpeng at $36. So these puts represent huge drops in pricing. + +Has anyone been wheeling these companies? I know Chinese EV is super volatile but can really NIO drop by 50% in 30-45 days? +I just wanted to take the time to thank everyone in this sub that has ever taken the time out of their day to respond to my posts and comments with advice. I'm just very grateful for this sub and the people in it. + +I started trading ThetaGang strategies on August 8th of this month in a small account with only 7k. + +I am happy to report that for the month of August my account is up 23.6% thanks to you guys assisting me with more complex strategies and how to implement them. + +Without YOUR help I wouldn't have been able to significantly reduce my risk profile while also making more trades. It was a rough month because I switched from TD to TW after ToS being down caused me to take some minor losses, but I upped my game, studied my ass off, watched every TT video I could, implemented stricter rules, and came out on top! + +Discipline Status: + +Trading liquid options only (TW 3 stars and up) + +Sticking to bigger tickers, AMZN, TSLA, MSFT etc. (Credit Spreads & OTM Strangles) + +No more wheeling (Not interested in holding any stock if I don't have to) + +Trading index and currency futures (Short Iron Condors) for reduced risk and steady gains + +IV Rank of 40+ / IV Percentile 40+ (Nothing lower than 30, case by case basis) + +Implemented a (20-35) delta guideline/rule + +Closing trades and taking gains once they hit 50%-75% (No Exceptions) + +If you are interested you can follow my trades here: [InfamousTrades](https://thetagang.com/InfamousTrades) + +&#x200B; + +https://preview.redd.it/3w8ngwtsftj51.jpg?width=3840&format=pjpg&auto=webp&s=f0d664cc9c943889c25a5afd32539d3e4be74666 + +Maybe in the future, we should consider as a sub, giving out specific awards to the most knowledgeable and helpful members to distinguish them for their contributions to the community? IDK, just food for thought. + +&#x200B; + +THANK YOU AGAIN FOR ALL THE HELP AND BEST OF LUCK WITH ALL OF YOUR TRADES! +Suppose I have a naked AMZN 3100P expiring 3/18. It is ITM but with extrinsic left so the risk of early assignment isn't great. However, because I only have $150k in my account (and not cash, but in holdings such as SPY MSFT AAPL etc), if for some reason the put is early assigned I have no means to buy it. How will that work? Will my margin just automatically buy all of it? Will it liquidate my holdings to pay for some of the margin? Does anything change if I buy an OTM put, say a 2100P 3/18? + +Thanks in advance. + +&#x200B; + +Edit: Sincere thank you to those who actually posted helpful responses such as call my broker, and what would actually happen to answer my question. To the other 97% of Captain Hindsight responders and their faithful companions Coulda, Woulda, and Shoulda, I also thank you to a slightly lesser degree. Will learn lesson for next time. +https://www.economist.com/news/briefing/21734382-multinational-businesses-relying-indian-consumers-face-disappointment-indias-missing-middle + +Please read this article. It talks basically about "India: Next China in terms of middle-class market - Expectation vs Reality" +Say person A has land and person B wants to buy it. Both are strangers to one another and have met through a broker. What are the steps followed usually so that both get what they want without being duped? + +Example: there's a possibility that person B (buyer) gives a cheque for the full amount of the land, in exchange person A (seller) signs the land deal papers and hands them to B, only to later find that cheque had bounced due to insufficient funds. Of coarse there might be legal recourse here, but how does either person avoid these situations? +Wanted to discuss the various options folks have used in the past and the charges. + +OFX: Currency broker - 2 percent to 0.5 percent on current USD INR price. Higher the amount, lower the charges. For 15k dollars, it was around 1.4p percent. + +Are there Indian banks or currency brokers which are better than this? I have heard about Indian Overseas Bank but haven't tried out +Read a couple of books on personal finance and most of them seem to suggest investing in Index funds. Most people in this community seem to be Bogleheads as well. I agree with the idea: low expense ratio, low trading costs as underlying transactions are infrequent, adhere to more of a value investing mindset (less speculative returns, more grounded to the growth of companies and dividends), the history of good enough returns for most investors, SPIVA reports, recommendation from top investors like Buffet, Munger, Lynch etc. + + +All this sounds wonderful and I hope it really is. But I am unable to find solid arguments against Index investing in the Indian markets besides a point that Indian Indicies are not as efficient as the US counterpart, would like to know more about this. To be able to make an informed decision one needs to know both sides of the coin. + + +Let's assume we are able to find index funds with low TER, low tracking error. Would the fund performance not depend on the way the index itself is constructed? What if an index is slow to catchup to major issues in the businesses that make up the index? I am not saying that the index should react to each and every short term movement but some things are too big to miss. + +Would a low expense ratio active fund for your target market cap run by a reputed fund manager be better than the benchmark index fund? +Complete tinfoil hat here but I wanted to get some thoughts on the possibility that GameStop is acquiring LRC. + +Hereā€™s what made this thought pop into my head: + +GameStop pulls credit rating which usually signals a bankruptcy (lol no) or a merger and acquisition. + +LRC spins off one of its main features (zkevm) to Daniel Wangā€™s new project Taiko. + +Matt Finestone, once part of LRC, leaves GameStopā€¦ for Taiko. + +Bryon from LRC recently removed the .loopring from his wallet address on twitter. + +Additionally GME partners with FTX which may find LRCs ability to create decentralized exchanges usefulā€¦ + +There's also the quarterly report worth 10 quarterly reports that never came to be... Yet... + +So hereā€™s where the tin foil hat comes inā€¦ + +RC and Finestone have been friends for a while. No doubt they talked about the NFT marketplace for a long time before it happened. RC and LRC make a deal that LRC powers the marketplace and enters into an agreement that upon full launch GME gets to buy LRC, but LRC gets to retain the zkevm portion thatā€™s really been their baby by having Daniel wang leave to start taiko. GME now owns the entirety of their marketplace by acquiring LRC and the LRC staff gets an influx of cash to work on what they really want (zkevm). GME pulls credit rating to prepare for full market launch once taiko is ready to proceed, Finestone and others leave upon final launch, bryon pulls loopring name from wallet, GME acquires LRC, FTX and GME launch tokenized exchange powered by LRC. šŸ˜³šŸ¤Æ + +Am I crazy or does this just make too much sense? +\[GAMESTOP CORP GAMESTOP ORD SHS CLASS A\] 0A6L LSE. Showing volume started on 5/18/21 + +[https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview](https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview) + +Screen shot below from TradingView + +https://preview.redd.it/jfpjsimipe271.png?width=2698&format=png&auto=webp&s=d93b9f8f7210eae987b9a482eb213e61d1b505b0 + +Other tickers appearing in EU u/einat73 raises GMEUSD found in FTX. Posting screen shot to raise awareness. Not sure why there would be a recent listing on LSE +Yo, heads up monkeys, this is going to be long and involve math,>! (ok, I ended up using less math than originally planned because this would have turned into a spreadsheet, and I want to type that up as much as you want to read it, so either accept the %'s I'm giving you or spend weeks reading agriculture reports, your call homie)!< you don't like it, the fucking back button is up there on your browser. Or just skip to the end where I put a one sentence summary. + +Oh, and if you think I'm some full of shit doomer, I'd recommend you browse my profile and note just how many of those DD's (like my recent post on real estate) are coming true fully fucking accurate. + +**TL;DR: There's not enough food for everyone, people gonna get fucked like Marilyn Monroe at a Kennedy family reunion.** + +Ok, so at this point everyone has noticed that the cost of food and gas is going up. This post is about food. As for gas... something's going on there, prices of gasoline and diesel have become completely disconnected from the cost of oil, reminds me a lot of what happened to California's electricity when Enron was fucking with supply, I haven't looked into the gasoline market at all, but the price of a barrel of oil vs. a gallon of gasoline is more whack than Flava Flav at an all night buffet of crack. + +So, back to food. In order to invest correctly we need to figure out just how bad things are going to get, and to do that we need to answer a couple of questions. + +1. How much is supply getting restricted? +2. How much is that going to affect the price of food? + +Let's start with the easier one, how much of a shortfall in food production are we looking at? Let's begin with the war in Ukraine. According to the USDA, in 2021 Ukraine produced 41,900,000 Metric Tons (MT) of Corn, 33,000,000 MT of Wheat, 31,643,00 MT of oilseeds, and 9,900,000 MT of Barley. In global export terms they ranked between #1 and #5 in each of those categories. Current USDA projections as of May 2022 have 19,500,000 MT of Corn, 21,500,000 of Wheat, 22,420,000 MT of oilseeds, and 6,000,000 MT of Barley. However, these projection numbers are constantly being revised down. + +Ukraine's wheat crop is 97% winter wheat, and the harvesting of it is supposed to begin in July. The fields are also located in the South and East of the country, around cities like Mariupul, Donetsk, Luhansk and Kherson. If those sound familiar, it's for a reason, they're where all the fighting is. Equally important is the fact that Russia is blockading the Black Sea, so it's not just Ukraine's exports being reduced, it's other countries like Serbia as well. Currently there are around 25,000,000 MT of various agricultural goods locked up in Ukrainian ports getting ready to start rotting in warehouses and silos. + +&#x200B; + +[It's a blockade.](https://preview.redd.it/t155o0bwrc591.jpg?width=290&format=pjpg&auto=webp&s=820560a8bdf123b8cf381be848bb9366dc9c7c6f) + +Combining the blockade with the severe damage to the roads and bridges (remember the story about the heroic Ukrainian who blew that one key bridge? Nobodies rebuilt any of those for civilian use yet) and silos needed to harvest, transport, and store grain and other agricultural products, plus the prime areas of farmland and distribution being contested or under Russian control, and the harvest getting ready to not start at all in two weeks, I'm gonna say that Ukraine's exports this year will probably be close to zero. Even the optimistic projections of the USDA right now show enough lost production to completely offset the number of MT that Ukraine normally exports. Ukraine might honestly go from a top 3 worldwide food exporter last year to a net importer this year if things get bad enough. + +Well, what about places that aren't Ukraine you may be asking? Now lets get into another issue facing worldwide food production: Fertilizer shortages. Those of you who made money on the various fertilizer shortage DD's floating around here a couple months ago know what I'm talking about, global fertilizer production was down at least 30% this year thanks to things like Ice Storm Uri, Hurricane Ida, and of course the Ukraine War and resulting sanctions on Russia, China stopping all Urea exports, and plenty more, which led to prices more than doubling. + +Now, generally speaking, fertilizer is worth about a 50% increase in crop yields. So a 30% decline in supply comes out to a 15% drop in food production, plus the losses from Ukraine, which are worth about 5% of total world food production (7% of wheat), and we're at a 20% shortfall in worldwide food production. Sadly, there's more thanks to the weather. While most of America's farmland is in a drought, Kansas, Iowa, and Missouri are actually getting too much rain, and its lasted so long that Soybean planting is way, way, way behind schedule. + +Meanwhile up in Canada, the planting season got delayed by a week due to heavy snow and rain, which means if there's an early frost the Canadian Spring Wheat crop is going to take a massive hit. Spring Wheat is 75% of Canada's yearly production. Meanwhile Canadian wheat exports are down 40% yoy right now due to decreased exportable supply, thanks to a 38% production reduction due in large part to COVID induced shortages. + +China, another large crop producer, is facing significant problems with flooding this year, mainly in the southern provinces like Guanxi and Guangdong. Basically, everywhere along the Yangtze River is getting overloaded with too much water, which has caused damage to 30 million acres of crops. At a recent party meeting China's agricultural minister stated that conditions were the worst in history. None of this is helped by the corrupt and incompetent local and national governments that are doing a terrible job of mitigating the issues from flooding. For example, in Zhengzhou, despite warnings from meteorologists, little was done to mitigate flooding, leading to almost 1000 deaths across the region and scenes like this: + +&#x200B; + +[That's... not right.](https://preview.redd.it/9ls2alktrc591.jpg?width=800&format=pjpg&auto=webp&s=b5c9a4c6ea0826bc36f01c89de878e027e10cb67) + +US food exports to China tripled between 2018 and 2021, which offset the big losses from the autumn floods last fall, but that isn't looking like a repeatable pattern given US production difficulties. Some of you might think I'm being overly critical of the CCP here - I'm not, feel free to read "Document No. 1" for 2022, it's their main document about agriculture and food production, and the first third of it is just praise for Xi "Winnie the Flu" Jinping and his great spirit and plans. The rest of it is full of nonsense like "Do a good job in grain production" - that's an actual quote from it btw. Just like the Soviets learned the hard way, the CCP is discovering that the kind of bureaucrats that survive loyalty purges aren't big on imagination or competence. + +So let's talk about US crop production. Nebraska, western Kansas, Oklahoma, Montana, and Texas are all experiencing droughts, Missouri, Illinois, Ohio, Iowa, and eastern Kansas are getting too much rain, which is doing things like significantly impacting the ability of farmers to plant the years soybean crop in time to harvest it before winter. While in the US none of these issues will stop production, they will reduce yields per acre, and the crops produced will likely be lower in protein content. Total area under cultivation in the US is only up 3% YoY from 2021. The yield loss from reduced fertilizer alone is 5x that amount. + +There is a new problem that has recently appeared, and that's a shortage of DEF. DEF stands for Diesel Exhaust Fluid. The stuff makes diesel engines run cleaner at about a 10% cost in fuel efficiency.It's needed for any big rig truck or tractor or combine or harvester built after 2014. The engines won't run without it. A shortage means the planting and harvesting machines don't work, and the delivery and long haul trucks don't run. If this comes to pass, and hopefully it doesn't, the results will be catastrophic. + +I could go through a bunch more big agricultural countries, but it just gets kinda depressing, basically everyone who makes a lot of food is having significant production and weather issues this year. + +So, adding all this up, conservatively, we get a 15% reduction from fertilizer shortages, 5% reduction from the Ukraine war, and 10% from weather (I'm using the same % from the '72 shortages because those were largely weather driven as well). And we get a relatively conservative estimate of a 30% reduction in global food production. + +The last time there was a worldwide issue with food production was the Soviet Wheat Failure in the early 1970s. (There were also price spikes/output dips in 1994-1996 and 2006-2008) At the time US production was enough to offset the shortfalls in Europe and the USSR, but globally food prices increased by as much as 50%. That was on a roughly 10% decline in the production of wheat and other high protein grains. Today we're looking at at least a 30% decline in worldwide grain output, with the potential for slightly better or significantly worse numbers depending on the weather. + +**During the 1972 Wheat Collapse, global food prices increased as much as 50% on a 10% reduction in supply. Today we're facing an unknown price increase on a 30%+ reduction in supply.** + +If you're wondering, yes I've tried bringing this to the attention of elected officials in both parties. The main reaction I got was a staffer stuttering in fear before quickly bailing on the conversation. They know what's coming, and have no idea how to deal with it. + +As for specifically how high this is going to drive food prices? Honestly no idea beyond just up, like up a lot, food is an item with pretty inelastic demand, because people gotta eat. Also, food prices and crop prices aren't a 1:1 ratio, because of the high costs of shipping, markups, and spoilage. For example, a head of lettuce that costs $2 at the store might cost only $0.12 to grow. Meaning that even if the cost of producing lettuce doubled, the price you pay would only rise by 6%, not 100%. + +So, now that you know there's massive food shortages incoming, how do you make the money? Don't worry, I'm here to tell you. The first and most obvious way is to buy calls on crop futures. + +\[Banned name\] is an ETF that tracks Wheat futures. (technically it only tracks Red Wheat, but in a shortage people will interchange and take whatever they can get) Here's a chart if you're into that kind of thing. + +&#x200B; + +[Triangle with a strong ascending support line.](https://preview.redd.it/9toa3j5prc591.png?width=900&format=png&auto=webp&s=b236e91cdee4412aba52e6e93febbefb23220122) + +SOYB is an ETF that tracks Soybean futures. Obligatory chart. + +&#x200B; + +[Ascending channel, and another triangle it's looking to break out of.](https://preview.redd.it/6g6ul4iorc591.png?width=900&format=png&auto=webp&s=17b21054ef1d247e9859391fac9ab32951bb0694) + +CORN is an ETF that tracks Corn futures. Chart. + +&#x200B; + +[Looks like an inverse Head and Shoulders forming in an ascending channel.](https://preview.redd.it/yhpo9fwnrc591.png?width=900&format=png&auto=webp&s=29e92dae2447f401c57dd6718d3d0743e1763501) + +Going long on any of these I *highly*, *HIGHLY* recommend shares and calls out to Jan 2023. The harvests will start coming up short in the next few months, but this isn't happening tomorrow. Weekly FD's will get you rekt down to nothing. Listen to Soldier Boy's PSA from the 80s here except replace drugs with FD's. You don't want to be a loser do you? + +Going long on agriculture is the obvious way to play this, but there's another option for everyone who missed out on the collapse of Russian ETFs after the start of the war in Ukraine. Well, you're going to get multiple shots at replicating that here. The Arab Spring started and Syria collapsed because of a drought and spiking food prices. That's going to start happening again on a much larger scale. What you're looking for are countries with stupid, incompetent leaders, fragile economies and societies, and that are already in economic trouble. These are almost guaranteed to implode into civil war and societal failure when things start getting really bad. + +So who meets these criteria? And are reliant on foreign suppliers for food? Turkey, Egypt, China and Venezuela, come on down! You're the next contestants on "Which badly run country will implode and flood their neighbors with refugees!" + +**Turkey** \- Erdogan is the guy who thinks that the best way to fight inflation is to print more money, and no, sadly, I'm not making that up. Now, Turkey does only import about 7% of it's food, but instability has a tendency to spread, there's a dedicated Turkey ETF \[Banned Name\] and the country is already suffering from hyperinflation and otherwise in shambles. Plus, they have a long history of military coups. Some generals gonna get froggy here sooner or later. Downside, \[Banned Name\] options only go out to November, and the chain is extremely illiquid. + +**Egypt** \- El-Sisi is, frankly, an ass. Basically he's the Egyptian version of all the tin-pot dictators the US trained up for South and Central America back in the 80's. He took over in 2014 with a narrow victory of only 97% of the vote. He's only run against pro-government candidates since. They have their own ETF \[Banned name\], they're incredibly dependent on Ukranian grain - about 23% of their total food supply is imported. Downside, \[Banned name\] doesn't have options, so you can't buy puts. + +**Venezuela** \- this is like the ultimate poster child for a country that's going to descend into (even more) chaos when food prices explode. Sadly, it's already such a basket case that the biggest ETF exposure to it I could find is 0.37%, which is pointless. But hey, if you can figure out a way to short this place, go for it. + +Finally, the big one, **China**. + +Seriously, China is beyond a mess. They're basically bankrupt, and their failed real estate companies are only held up by Wall Street being unable to get out of their long positions and forcing the ratings agencies to avoid giving them the "D" and triggering their bonds' cross default provisions. Xi is the most incompetent leader they've had since Mao, and he's managed to consolidate his power. They appear to have locked Shanghai back down to prevent bank runs from getting out of control, and foreign capital is fleeing while record floods devastate their food production and the official government response is a document that basically says "try harder" and "don't fail". + +They have tons of very liquid ETF's to buy puts on. And even inverse ETFs to buy calls on. YANG for example is under $13 right now. Again, aim for a long time frame here, Jan 2023 should be your starting point. + +Personally, I have a small position in OTM Jan 2023 YANG and \[Banned name\] calls, it's a side position to the well over 90% of my portfolio that's long GME. + +**Super Short Summary: Not enough food for everyone, bad things happen. Short emerging markets and the second and third world. Long agriculture futures.** + +*EDIT: Specific positions are 3x Jan 2023 18c in \[Banned name\] and 3x Jan 2023 40c in YANG. I wasn't kidding when I said my positions here were small because most of my port is tied up in one security.* + +*Yeah, I'm aware of stuff like the dropping level of Lake Mead, the Italian issues with river flow dropping so much that seawater is backing up the channels and poisoning the ground, the food processing plant fires, and more. I stopped writing about them because it was genuinely getting depressing. There are many more options, tickers, and ways to play this than just what I listed here.* + +*But make no mistake, the food shortage is NOT priced in yet, and it's significantly worse than people are aware of. And no, it won't be the end of civilization in first world countries.* + +EDIT: just more than doubled my positions. I'm buying the dip. As always, you're free to do what you want. 6/30/22. I'm comfortable with my research and timeframe. Will continue to average down. Invest only what you're comfortable with. + +\*\*Sources include but not limited to: the USDA, the USDA FAS, Bloomberg, the Brookings Institute, and the CCP for their Document #1. +If Gme announces 200 million votes we have our catalyst. Proxy statement points to requesting an early vote (thanks to other apes for finding this) + +Iā€™ve never been one to request upvotes so instead please share this information when you see people talking about voting throughout the community + +I like the stock + +I like to vote + +Edit since there are a lot of questions about voting. If you were a shareholder on April 15th your brokerage should be sending out proxy materials very soon. Some have already gotten them some havenā€™t. If you havenā€™t I would recommend calling or messaging your brokerage later today. The email will tell you how to vote as will gamestops website. Hope that helps clear up some of the questions! + +And since this got so much visibility I do think this is a potential catalyst, but more importantly it will show the corruption of the financial system through counterfeit shares and naked shorting. So I get to have a free market and Kenny g goes to jail? You son of a bitch Iā€™m in. Vote!!!!! +As of writing this, per Yahoo Finance, Teslaā€™s Market cap stands at $765.5 bil and Facebookā€™s is $765.0 bil. Now only Apple, Microsoft, Amazon, and Alphabet are larger than Tesla by market cap. This may or may not hold for long, but in my opinion itā€™s significant either way. +Hello, + +We came across a row house that would be suitable for airbnb (fantastic location, walk to everything). I don't know what happened to the inside, but the owner did a bunch of renovation (new kitchen, appliances, etc) but left one of the room upstairs to bare bone. The other rooms have super over the top everything, nice brick, floor, and trim/crown molding EVERYWHERE. Because the job is not finished, we can probably go in with a low offer and get it for a good deal (cash only). + +&#x200B; + +What concerns me is that the house was built for 1850. Some of the floor plan does not make a lot of sense. Like, even though basement is finished, it doesn't seem like you can put a bed anywhere (unless you move washer/dryer/sink upstairs perhaps?) In the third floor, right now, there's not a natural place for the bed either (right now it's two small rooms separated awkwardly; may need to take out the closet for bed?). For the second floor, there are three giant rooms and one of them left in bare bone used to be a bathroom. But if you turn it back into a giant bathroom, you would have to walk through the bedroom in the middle to get into the bathroom. There are two other bathrooms (in the first floor and basement). + +&#x200B; + +We are not local investors and not sure if a floor plan like this will impact re-sale value. It seems like that neighborhood has a lot of older row houses like this, but nearby, there are nice apartments going up for 3k/month with super open floor plan and other amenities. what do you guys think? +Hey Guys, + +Basically I'm a noob and my friend and I bought a 6 unit apt building in Queens NYC, yadda yadda. The deals closed no backing out now. + + Last moment we discovered there's apparently 2 units still occupied by tenants. We don't wanna be assholes especially with covid and all but our plan was to renovate this place and rent and refinance out of it. + +I guess it boils down to how to legally and FAIRLY evict / relocate these good people? And what's the local laws if anyone is familiar with NYC? + +Thanks in advance, + +Newbie +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# šŸ“š Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +**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/) +Reposting: *the other post got removed because it had the word "moon". Thanks!* + +Hi Folks, + +Has anyone been able to successfully find a way to live on passive income through crypto? I'm dreaming one day, to be able to financially comfortable to live off from crypto interests... + +So, I don't want to dream anymore and want to try to draft a plan to potentially have a moonshot at it... + +My target will be a minimum of $500 and anything achieved over $1000 would be a blessing to me on a monthly basis... + +Anyone who has successfully or who is currently living this dream willing to share how, please? + +- What's investment amount are we looking for to have a shot on the above ? +- Which optimun platform and effective ways one would require to yield such returns ? +- Is this feasible ? +- In terms of risk metrics, I don't want crazy stuffs with crazy apr/apy but something really feasible with some work and luck obviously... + +I guess it will be a big amount but at least I'll be grateful if someone can elaborate further and guide me and the others interested through it... + +Thanks in advance for your contributions and time. Sharing is caring ā¤ + +Peace and goodluck to everyone šŸ™šŸ¼ +[Full Article](https://www.msn.com/en-us/money/markets/the-fed-is-draining-the-stock-market-and-even-the-healthy-fish-will-die-billionaire-investor-barry-sternlicht-says/ar-AA12TeMt?cvid=ddc238a7735d488ba4a5a1bc7b94d191) + + + +The Fed's scramble to hike rates and kill off inflation is draining the stock market, Barry Sternlicht said on Tuesday, warning that even the "healthy fish" would die as the economy and liquidity start to shrink. + +In an interview with [Bloomberg](https://www.youtube.com/watch?v=3fihP3VfdOE), the chairman and CEO of Starwood Capital criticized the Fed for its delayed response to tackling inflation and over-liquid market conditions. Soaring prices have finally prompted the central bank to issue aggressive rate hikes and begin shrinking its balance sheet this year ā€“ but the rapid pace of tightening could easily send the economy into a recession, economists have warned. + + "Powell is unbelievably late doing this. He sat still while the meme stock craze was going," Sternlicht said, adding that the belated reaction could kill off investors' gains across the entire market. + + "There were really smart things that people did, and there were smart fish in the pond. And there were stupid things people did and they were idiot investments. ā€¦ So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die," he said.Ā  + + Sternlicht added that the Fed could be overtightening the economy by basing rate hikes on the Consumer Price Index, which remains well above the 2% inflation target. But that index lags behind the economy by around 18 months, experts have said, meaning the central bank could be basing its rate-hike decisions on outdated information ā€” and it risks screeching the economy into a downturn. + +Currently, the Fed expects to keep hiking until it hits a terminal rate of 4.6%. That's more than a full percentage point above the current fed funds rate, and it could mean the central bank is set to hammer the economy, costing "millions" of jobs around the world, he said. + +"I just get so angry when people say the Fed needs credibility to fight inflation. Wait. You'll get what you want. You'll get this recession; it's definitely coming." + +But despite anticipated market volatility, he noted long-term investment opportunities could be coming to the surface, as stocks will eventually be discounted and some will be poised to rebound.Ā  + +"I am personally looking for opportunities that I think represent incredibly compelling long-term investments, and I think you're beginning to see them," Sternlicht added. +What does rising interest rates mean for REIT stocks? Should people who are in those stocks pivot? Iā€™m thinking long term maybe certain companies can wether this environment but maybe others wonā€™t? + +BAM seems somewhat diversified but what about stocks like SmartCentres? Just some shower thoughts right now. +Hey guys, a recent discussion on this sub had me wondering on the merits of owning XEQT vs VFV. I'm curious to hear you guys' pro and con list for each, knowing that they're both low-fee, 100% equity based funds and that roughly 50% of XEQT is a "US total stock market" ETF. + +&#x200B; + +||XEQT|VFV| +|:-|:-|:-| +|Geographical diversification|Worldwide (Can / US weight 71%)|100% US| +|Top-5 industry sectors|Financials - 18.5% / Technology 17.9% / Industrial 11.2% / consumer cyclical 10.1% / healthcare 9.8%|Technology 27.4% / Healthcare 13% / Consumer discretionnary 12.3% / financials 11.3% / communication 11.1%| +|Weight by market cap|Large 74.7% / mid 19.0% / small 4.68%|Large 83.0% / medium-large 3.4% / medium 12.2% / small 1.35%| +|Dividend yield|1.68%, quarterly|1.07%, quarterly| +|MER|0.20%|0.08%| +|Average annual return since aug 7, 2021 (XEQT inception date)|17.14%|22.21%| +|Since Aug 11th, 2012 (VFV Inception date)|n/a|18.16%| + +So both funds are rather similar in terms of MER and dividend yield (not quite, but not significant). + +So I get the "XEQT global diversification" argument, but I feel like US large cap companies do business pretty much everywhere in the world, certainly not making that point moot but definitely not the end of the conversation. + +On the other hand, the age-old Warren Buffett advice of "DCA into low-fee S&P ETF and forget about it" has a tint of national bias, sure. But looking at the return rate, it's kind of hard to argue against him. + +The heavier tech weighing of VFV does seem like it would make it more prone to market downturns, but in the very long run, does it make a huge difference? + +&#x200B; + +So yeah, like I said I'm curious to hear you guy's opinion on buying one or the other, or a mix of both? +I am a single mom. I work full time in an office administrative position. +Lately I have just enough (barely) money at the end of the week for gas to get to work the next week. +We have been hitting the local church food bank on Sundays, which provides a few things, but obviously it's supplemental. +The last two nights I have eaten cereal for dinner (which is fine) and my daughter has eaten oatmeal and canned chicken noodle soup (her favorite at the moment). +My parents have chickens, so free eggs, which is great. I just want to feel like I am not a failure as a parent. +I had a few medical issues this year and it really put a dent in my savings (hell it wiped it out). +My bills are getting paid (barely) and we are not starving, but I just want to hear that things will get better. +Words of encouragement/stories of your own dealings appreciated. +I just turned 21 a week ago today. + +Iā€™ve been investing in crypto for just about a year now, but more seriously the past 7 or so months. No Iā€™m not investing significantly large amounts of money, but I am allocating a fair percentage of my income into crypto. + +Why? + +Because buying a house, owning some property, or even renting a place has seen prices increase substantially; especially here in Canada, where housing prices jumped over 26% last year. + +Iā€™m not investing on a whim; I take the time to learn the fundamentals and do my research. I buy solid crypto that I personally believe in for the long term. Iā€™m fine waiting, practicing patience, and accumulating over time. + +I donā€™t expect to become rich, and I know damn well I wonā€™t wakeup a millionaire one day. However, I have faith and am optimistic about the future of some projects I hold, like CRO and ALGO for example. (ETH and BTC too, of course). + +Good things come to those who wait. May we all prosper! + +Little edit: the feedback Iā€™m receiving is exactly why I love this community so much, thank you all for the kind words! I genuinely hope you all find financial freedom one day. +I have just found out today that my mum has had Ā£6,000 sitting in a current account for over 15 years doing absolutely nothing. Accumulating nothing. Barely any interest worth mentioning, with no intention of adding any more to it or using it for anything. + +I told her about a LISA and Index Funds and that sort of thing, she was amazed that those things even existed! + +Please, if you know someone like this you need to educate them. They don't know that there are other, better ways of saving money. I don't even want to think about how much money they could have made over the years by just letting it sit there as they already have been. +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +There is a feeling in the air that this is a pivotal moment in the stock market. +We have long expected that the MOASS was going to be preceded by a massive shock to the system, in the form of a crash. +While the year so far has certainly been tumultuous, it has not quite reached a level that I would consider 'crash'. +However, the Fed will be adjusting rates this week, and I have very little doubt that we will see shockwaves. +I honestly don't see any way around it - any number that they throw out is either going to be too high or too low, because nobody knows what is going to fix this inflationary mess. +Nobody is going to be happy, and that will lead to a jolt. + +Naturally, it coincides with a massive FUD campaign to paint GME HODLers in a bad light, as if we are the ones responsible for the crash. +I like the stock. +I mean, who wouldn't? +A company with no debt, plenty of inventory to supply a strong retail and online sales business, as well as a rapidly growing digital technology business. +A company that has shown me time and again that they are on the side of their customers and investors. +A company that has over 50% of the free float held at their transfer agent by investors who are committed enough that they learned about DRSing and actually took action do do so. + +GameStop's investors are not the ones responsible for the crash. +The people who print and dump countless billions of dollars into the markets to line the pockets of Wall Street are. +The short sellers who prey on vulnerable companies and retail investors are. + +This time, we'll make sure they are held accountable. + +Today is Monday, September 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- ā¬œ 120 minutes in: **$27.98 / 28,11 ā‚¬** *(volume: 2066)* +- ā¬œ 115 minutes in: $27.98 / 28,11 ā‚¬ *(volume: 2066)* +- šŸŸ© 110 minutes in: $27.98 / 28,11 ā‚¬ *(volume: 2042)* +- šŸŸ© 105 minutes in: $27.98 / 28,11 ā‚¬ *(volume: 2017)* +- šŸŸ© 100 minutes in: $27.97 / 28,10 ā‚¬ *(volume: 2017)* +- šŸŸ© 95 minutes in: $27.97 / 28,09 ā‚¬ *(volume: 2017)* +- šŸŸ© 90 minutes in: $27.96 / 28,09 ā‚¬ *(volume: 2017)* +- šŸŸ© 85 minutes in: $27.95 / 28,08 ā‚¬ *(volume: 1407)* +- šŸŸ© 80 minutes in: $27.95 / 28,08 ā‚¬ *(volume: 1386)* +- šŸŸ„ 75 minutes in: $27.92 / 28,05 ā‚¬ *(volume: 1386)* +- šŸŸ© 70 minutes in: $28.18 / 28,32 ā‚¬ *(volume: 797)* +- šŸŸ„ 65 minutes in: $27.95 / 28,08 ā‚¬ *(volume: 784)* +- šŸŸ© 60 minutes in: $28.06 / 28,19 ā‚¬ *(volume: 755)* +- šŸŸ© 55 minutes in: $28.01 / 28,14 ā‚¬ *(volume: 755)* +- šŸŸ© 50 minutes in: $28.01 / 28,13 ā‚¬ *(volume: 755)* +- šŸŸ© 45 minutes in: $28.00 / 28,13 ā‚¬ *(volume: 755)* +- šŸŸ„ 40 minutes in: $28.00 / 28,13 ā‚¬ *(volume: 755)* +- ā¬œ 35 minutes in: $28.00 / 28,13 ā‚¬ *(volume: 749)* +- šŸŸ„ 30 minutes in: $28.00 / 28,13 ā‚¬ *(volume: 715)* +- šŸŸ„ 25 minutes in: $28.01 / 28,14 ā‚¬ *(volume: 677)* +- šŸŸ© 20 minutes in: $28.02 / 28,15 ā‚¬ *(volume: 677)* +- šŸŸ„ 15 minutes in: $27.99 / 28,12 ā‚¬ *(volume: 676)* +- šŸŸ„ 10 minutes in: $28.02 / 28,15 ā‚¬ *(volume: 264)* +- šŸŸ„ 5 minutes in: $28.03 / 28,16 ā‚¬ *(volume: 193)* +- šŸŸ„ 0 minutes in: $28.08 / 28,21 ā‚¬ *(volume: 39)* +- šŸŸ© US close price: $28.64 / 28,77 ā‚¬ *($28.17 / 28,30 ā‚¬ 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 0.9954. 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) + +DiamantenhƤnde 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! +Just fucking hold your Bitcoin, itā€™s not a get rich quick scheme. People are finally getting into it and there is so much misinformation being thrown around. Iā€™ve been trading since 2015 and made many mistakes (such as selling early) and seriously regret it. + +If you donā€™t have bills to pay, just hold your money and fucking stack. A 10 or 20% loss right now is nothing if you compare it to the potential price in 5-10 years. Bitcoin, in my humble opinion, should be used as a secondary savings account. All this Wallstreetbets ā€œapeā€ shit has got to go man. +**BACKGROUND** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves. + +On Dec 18 2017 Subhan Nadeem has pointed out that: + [If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again. + +[On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool](https://twitter.com/JordanTuwiner/status/951698069967589376). Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that the high fees bitcoin is experiencing could be easily addressed and need not exist. + +SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below. + +________________ + + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption. + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + + +___________________ + + +**BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING** + + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk. + +Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: [Google Doc - Lightning Exchanges](https://docs.google.com/document/d/1r38-_IgtfOkhJh4QbN7l6bl7Rol05qS-i7BjM3AjKOQ/edit). Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018 + + +______________________ + + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $29USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 154K unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 10% SegWit Tx's + + +_________________________________________ + + +**NEWS/DEVELOPMENTS/VICTORIES** + +- [Merged pull requests on SegWit. GUI support for SegWit in Core Wallet should happen May 1 with the release of 0.16.0](https://www.reddit.com/r/Bitcoin/comments/7pmf8m/merged_pr_to_bitcoin_repo_segwit_wallet_support/) +- [Petition to Coinbase to Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange passes 10,000](https://www.reddit.com/r/Bitcoin/comments/7op7vi/600_bitcoiners_signed_the_coinbase_segwit/) +- [SegWit now active at Unocoin (India)](https://www.reddit.com/r/Bitcoin/comments/7prkj5/segwit_is_now_activated_at_unocoincom_indiabitcoin/) + + +__________________________ + + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | **Deployed** | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) +- [Coinbase: working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!](https://twitter.com/brian_armstrong/status/951869357931425792) +- Kraken: [Deposits are made to Segwit addresses and withdrawals are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + + + +___________________ + + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + + + + +______________________ + +**FAQs** + +###### If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +> No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now. + +###### Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +> SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +###### Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +> Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +###### What determines bitcoin transaction fees, to begin with? + +> Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +###### Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +> The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address. + +> A transaction between two SegWit addresses is a SegWit transaction. + +> A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + +> A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + +> [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +###### What wallet are you using to "batch your sends"? And how can I do that? + +> Using Electrum, the "Tools" menu option: "Pay to many". + +> Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +###### Why doesn't the Core Wallet yet support SegWit? + +> The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +###### Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +> Draw your own conclusions based on their own words: + +> [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + +> [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +###### What are the two SegWit address formats and why do they exist? + +> It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses ā€“ Ledger, Trezor, Core, GreenAddress ā€“ use so-called ā€œnested P2SH addresses.ā€ This means they take the existing Pay 2 Script Hash address ā€“ starting with a ā€œ3ā€ ā€“ and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + +> Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + +> [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +###### What is the difference in address format between SegWit address formats P2SH and bech32? + +> P2SH starts with "3..." + +> bech32 starts with "bc1..." + +###### Which addresses can I send from/to? + +> P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility + +> bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + +> [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +###### Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +> The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) +- [Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) + + +Hello from SuperstonksQuants (HomeDepotHank69ā€™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 weā€™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 Iā€™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 ā€˜attackedā€™ 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 Pearsonā€™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 Pearsonā€™s correlation coefficient. When you run a Pearsonā€™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 ā€“ as one variable increases, the other increases; negative ā€“ 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** + +Letā€™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. Thatā€™s a p value with more zeros than I even thought possible! Now letā€™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 ā€˜dotā€™ or each data point comes from one ā€˜participantā€™. 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. Iā€™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) ā€“ 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 Iā€™m about to talk about all use cross correlation. + +Now to proof of concept. If youā€™ve stuck with me so far, congrats! I know this is a lot. + +Letā€™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 Pearsonā€™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 + +Letā€™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 letā€™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 Pearsonā€™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 shouldnā€™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 itā€™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 wonā€™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! +My father passed. My mom filled out some forms, provided the death certificate, etc., and it looks like there is a final detail that needs to be addressed. Can anyone explain the differences (pros/cons) of the two options? If it matters, the IRA value is $1.9m, Mom is 82 years old, lives in Texas. + +&#x200B; + +>*Need confirmation of intent to transfer funds into an inherited IRA or assume the IRA as your own.* +> +>*Spouses have the option to assume the funds into their own IRA or establish a beneficiary IRA. Please call us at the number below to confirm how you would like to proceed.* +We seldom hear from lawyers who FIRED, so I thought some people might be interested in asking some questions about FIRE and the legal profession. I recently quit my job as a partner in a large east coast law firm after practicing law for about fifteen years. I'm going to be spending the foreseeable future traveling. + +I don't think we see too many lawyers that FIRE, though I could be wrong. The profession tends to attract people who are very conservative, not politically, but in their lifestyle. Law school is viewed as a "safe" path. So people that go down that path often are not interested in strange things like FIRE. It is also a job that requires a very large initial investment: seven years of very expensive college. And, contrary to what many people believe, most lawyers do not make a lot of money. So, in many ways, it is not really an ideal profession for FIRE. But there a few lawyers, primary partners in big law firms, that can make quite a bit of money. If you work very hard, go to an elite law school, get top grades, and are very lucky, you can land a position in a big law firm. If you work hard and are lucky again, you might become a partner and make lot of money, and FIRE very quickly. I have seen partners in big firms get paid anywhere from $100,000 a year to $10 million. I was very lucky, but not approaching anywhere near that high end. + +Pretty much every lawyer I know, however, experienced extreme lifestyle inflation as their pay grew. I avoided this and maintained a comfortable, but very reasonable lifestyle. My spending, in fact, was pretty much always well below that of the typical first year associate. Even before I went to law school, I always knew I intended to retire early. So I saved aggressively from day one. + +When I told my partners I was leaving and not to go to another job, but just to relax and travel, the majority thought I was completely insane. A few expressed some jealousy and gave me (unsolicited) reasons why they could never do the same thing (e.g., alimony owed to ex-wives, kids in expensive schools, etc.). In some ways, it probably is insane, because the potential future income that a partner forfeits by quitting is enormous. + +As for the practice of law, I was successful at it, but I never enjoyed it and, frankly, there are aspects of it that I was quite bad at. The hours and stress are extreme. It was great to me financially, and I do not regret it. But it is not something I would want to do for the rest of my life. + +If anyone is interested, my portfolio is almost entirely stock index funds, more or less mirroring the world market. I'm aiming for about a 2% withdrawal rate, not because I think that is necessary, but simply because I saved more than I really need. I can afford to basically live off the dividends. I will leave what is left when I die to charity. + +If anybody is a lawyer or is thinking about law school, feel free to ask some questions. And definitely feel free to tell me to fuck off. + Hey all, was wondering what your opinion is on the use of crypto bots? I have been exploring the possibility of utilizing one to maximize gains (Of course, keeping a reserve of minimum crypto hodled) but don't know which one to go with. Seems like a lot of sites have a lot of different opinions. What are your thoughts? +Sorry dont know much about crypto in the technical sense but can somebody explain to me why if bitcoin goes up most alts go up and if bitcoin goes down almost all coins will go down why cant they be seperate from bitcoin +Like percentage of portfolio wise, in segments of high to low risk...to maximize returns for 2018. + + [Here is my answer:](http://www.merchantbusinessaccountservices.com/) + +Tell me if you agree or what, but have a reason. + +BTW this is what I would tell anyone to do with 10% of their net worth. + +Paper trade or do whatever, and let's see if I predicted correctly. + +edit 1: everybody gets an upvote, I'm like Oprah today "you get an upvote, and you get an upvote, and you, and you," as long as you contribute to the discussion. + +edit 2: ok I'm spent, thanks for the discussion +*Sources:* [*Forbes*](https://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/)*,* [*CNBC*](https://www.cnbc.com/id/45674390)*,* [*New York Times*](https://www.nytimes.com/2011/12/04/business/secrets-of-the-bailout-now-revealed.html)*,* [*Huffington Post*](https://www.huffpost.com/entry/bernankes-obfuscation-con_b_1147291)*,* [*Bernie Sanders press release*](https://www.sanders.senate.gov/press-releases/the-fed-audit/) + +**This is why we need cryptocurrency**. From December 2007 to November 10, 2011, the Federal Reserve, *secretly and without the awareness of Congress and the people*, funneled about $19.6 trillion to bail out the big banks on Wall Street and around the world. Just 14 global financial institutions received 83.9 percent or $16.41 trillion. These are the same institutions that were responsible for the financial crisis in the first place. + +&#x200B; + +[A list of the corrupt banks that received the secret bailouts and the amounts they received. \(source: http:\/\/www.levyinstitute.org\/pubs\/wp\_698.pdf\)](https://preview.redd.it/i1hurh03uwu61.jpg?width=510&format=pjpg&auto=webp&s=e25abd8ee3fd35aaed81273344ee71cdb23d2780) + +This was only found out because Bernie Sanders amended the Dodd-Frank Reform law to audit the Fed, pushing the GAO (Government Accountability Office) to step in and take a look around. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. This was the first audit of the Fed in the history of the United States since its beginnings in 1913. Unsurprisingly, this was scarcely reported by mainstream media ā€“ albeit the results are undoubtedly newsworthy. I find it funny that the American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the ā€œtoo big to failā€ banks. Well, that bailout was pocket change compared to what the Federal Reserve did. Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars. 19 trillion dollars is an almost inconceivable amount of money. + +Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was **absolutely no debate** about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. I find it pretty evil that they had such incomprehensible amounts of money to throw around to corrupt financial institutions while regular people were suffering and struggling to find jobs. This kind of gross corruption is what led Satoshi Nakamoto to create Bitcoin. + +tl;dr - Fuck the big banks. Fuck the Federal Reserve. Take back your financial power. Be your own bank. +I was super diligent with my finances for most of my life. Aggressive budgeting, saving money, being frugal with new things, and investing all I could. Well I was able to double my income in just a few years and thought I could increase my budget a bit. + +I bought a house and with that, knew I had to spend a bit more. Well I stopped budgeting for the several months since then and kept telling myself ā€œIā€™m still getting settled in, my monthly spend will go down soonā€. + +I just checked my September expenses and I spent $1400 on food for just myself and my wife. Like wtf how does someone spend that much on food. I always looked through transactions and saw small payments so I thought it was fine, but I never realized how much it actually adds up. + +I dont feel like I enjoyed more food than previous months compared to the months where I spend half as much. It was a huge lesson for me. Iā€™m starting up my budget again and any project money for the house will be put to the side. Itā€™s really crazy how fast things can get out of hand. +Currently looking to buy and I hesitate whenever I enquire about a property or go through a home open, not because Iā€™m second guessing myself, just simply because I do not wish to be spammed by agents or potential mortgage brokers I have never reached out to. + +Personally whenever I find spam emails from an agent, it makes me never want to conduct business with that individual +Please don't judge, I'm just 20 and trying to make ends meet. + +Essentially onlyfans asks me to provide a vat number but I'm not sure if I need one unless I go over like Ā£10,000 a year or whatever the self employed amount is before you have to register for tax. Does anyone know? +From what I understand buying/selling options is buying the right to purchase stock at a specific price. So if you bought a call for FB for150 when it's 169 now you're up 13%. + +Why is it then that people buy these things when they have the potential to expire when you could have bought the stock instead? Clearly I'm not understanding something behind this and I still don't know how people can be up hundreds of % based off a financial release. +Hi all. + +I am 19 years old, and recently got a job as a warehouse operative paying Ā£8.56/hr for 12 weeks, when it goes up to Ā£10.56/hr. I work 37.5hrs a week, consistently, with a rota thatā€™s planned out into March 2022. + +Iā€™m trying to get hold of some night shifts and overtime which offer a nice bump to pay, too. + +Right now, my main concern is financial independence. So I plan to pay down, as fast as possible, all my liabilities of a high interest rate. + +Currently, I owe approximately Ā£1,136 in liabilities ā€” thatā€™s almost entirely luxuries. Nice things on finance, basically. I want to wipe this debt out early so I donā€™t get punished by interest rates by paying only a little bit a month. + +I have very few expenses at home. I could actually save up almost all of my income if I were determined and did not spend much. My monthly income is just over Ā£1,200pcm. But Iā€™d like to have some room to enjoy some of my money too. + +Most importantly, I want to get into investing and expand my portfolio of assets & investments. + +Essentially, my goal is, that within five years I will have made, saved and invested enough money to be looking at going back into education, where I can get a degree & achieve what it is I want to do in the longer term. (Iā€™d love to move to Italy one day). + +Given the above, what are my options? What do I do? I was never taught financial literacy as a kid so my wages vanish as fast as I get them, and I hate that. Iā€™d really appreciate any advice. + +Thanks +This piece presents living below your means as liberation rather than as deprivation, and a glimpse on MMM's personal story. + +[The Scold](http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru) - Mr. Money Mustacheā€™s retirement (sort of) plan. + +Will people hear? + +UPDATE: [MMM response to this piece](http://forum.mrmoneymustache.com/welcome-to-the-forum/new-yorker-article-on-mmm/msg987552/#msg987552) + +[Discussion on this sub](https://www.reddit.com/r/financialindependence/comments/475xya/mr_money_mustache_responds_to_new_yorker_article/) +I see people recommend selling certain deltas on naked options (.05, .16, .3). I do not know which is correct. + +These same people who recommend selling low deltas also recommend rolling tested options. However, in order to collect premium when rolling, the new option that we sell will have a higher delta. It seems like a logic fallacy. When we roll, we are essentially entering a new trade. If a higher delta is okay now, than selling a higher delta ought to have been okay originally. We should always be selling the ideal delta, so which is it? +Hey guys, if any of you guys were waiting for a correction and arenā€™t buying at these prices, something is just wrong. Please donā€™t ask should I buy now? When bitcoin is back trading at 65k. You have the chance to buy rn, but wonā€™t because youā€™re scared and hope weā€™ll drop more. We just had a 50% correction, and youā€™re hoping itā€™ll drop more. Donā€™t miss this great buying opportunity. Good luck and hodl strong. +Iā€™m looking to move to Florida in the next month or so as I have a large amount of a liquid asset that Iā€™ve held for a long time that I am looking to finally sell. Iā€™m single and 28 years old so the move for me is pretty easy. Has anyone attempted this for the sake of saving 10-15% in taxes? + +Are there any tax professionals you would recommend speaking with or is as simple as moving there, living there for at least 7 months and having all your information changed (drivers license, etc.) + +Any advice would be really appreciated! +What is your purpose of having the fat part? For me it's simple freedom. I come from a very poor family and while it did get better towards the last years most of our lives have been plagued by planning. Planning what to buy for food based on deals, waiting weeks or months for specific deals before buying new clothes to replace a T-shirt with holes in it, paying for flights and hotels one or two years ahead to get by as cheaply as possible. + +My ultimate goal is to be able to be spontaneous. If I want to go to Tokyo right now I want to be able to book the overpriced last minute flight at the airport and check in to any hotel that looks good. I want to be able to call a cab to get somewhere even though I'll be commuting most of the time. I love cooking and want to be able to pick any ingredient I want in the store based on what I want to eat today, not whatever is on deal. If I need a new shirt or suit I want to be able to go the physical store and buy it immediately instead of waiting for a deal, ordering it and waiting for the delivery. + +I'm not saying I'll be staying at Mandarin Oriental every time I travel but I don't ever want to say "no" to something based on not being able to afford it. + +Currently I'm trying to decide what the specific amount is for me to achieve the above but I'm thinking around $5m so I can withdraw $200k/yr. +First time poster so... sorry. + +Think I need to take out a loan to pay my credit card bill this month - itā€™s unexpectedly higher than my available emergency funds due to health costs (IVF, and annual private health fees being deducted in the same month). Iā€™m in the process of building my emergency fund so thatā€™s why itā€™s not enough to cover this unexpected amount. + +Iā€™ve never taken out a loan for anything. Can anyone offer advice for who I could go with, and what it means for my credit rating? Of course Iā€™ll make sure I can pay in full before the term of the loan ends. + +ETA: Thanks everyone for a much needed reflection/kick up the pants. The bank of Mum and Dad helped, and I am actually sitting down to budget (which I have never done). Putting too much into super is what got me here, so Iā€™ll refocus on the here and now, as well as the long term. +I am trying to determine the value of a 300 acre farm in Kentucky and possibly how to sell it. It had been run by a farm manager for decades and the profits are split between the farmer and my family. About 15 years ago they fired the farm manager and have dealt directly with the farmer working the land. My family members who have been dealing with the farm have had a hands off approach for many years and suspect the farmer may not be honestly reporting the profits as the revenue seems to decrease every year. + +I have no experience with farms and would be grateful for any advice on farm value, tax implications, and how to sell. +Hi! + +Iā€™m a student in college with no full-time work experience. Iā€™ve had part-time jobs in the past and saved $20,000. A family member also loaned me $15K for a total of $35K which Iā€™ve invested in Bitcoin, which is currently at $35K. +I bought 10 BTC at $3,400 which is now valued at $350K. I want to sell 3 BTC for $105K and rent out the other unit to help me pay the mortgage. + +I graduate in Fall 2020 and already have a full-time once I graduate and will be able to pay the mortgage 100%. + +How can I go about buying real estate property without income? Is that possible? +https://www.cnn.com/2019/05/23/tech/spacex-starlink-internet-satellites/index.html + +New York(CNN Business) SpaceX just vaulted a rocket full of 60 satellites into the sky, marking a huge leap forward on its mission to put up a megaconstellation that could beam cheap broadband all over the planet. + + +Warren Buffett's Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. + +Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. + +Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion. + +Its stake is about 60% larger than that of Vanguard, the next largest shareholder, according to Refinitiv data. + +Read the rest here: +[https://finance.yahoo.com/news/berkshire-hathaway-buys-9-9-031142523.html?fr=sycsrp\_catchall](https://finance.yahoo.com/news/berkshire-hathaway-buys-9-9-031142523.html?fr=sycsrp_catchall) +I just saw the post about paying your rent in advance to save money. Never do this. Here's my story. + +We rented an office for a company I owned. We were moving out of my apartment office to something that would accommodate more than two people. Everything was fine, so I decided to pay the lease in advance before the end of the tax season. I paid the rest of the one year lease, about five months. Soon as I did this our internet died. Our lease included high speed internet. Property owner refused to fix internet. After a month we had to move. I asked for a reimbursement for the advanced lease payment. They refused, even though they admitted to breaking the leasing agreement. I had to get a lawyer and sue them. Luckily, they settled out of court and we got the money back, but it still cost me one hell of a headache and lawyer fees. The lawyer told me never ever do that again. Lesson learned. + +EDIT: I just wanted to add that you should never trust a lessor, ever. Whether they are family, friend or respected member of your community. That's why you have a lease to protect you. They could be good people and suddenly put in a bad situation. For instance, you pay 6 mos of your lease upfront. The plumbing breaks. Lessor is out of money and can't repair. You have to move. Guess who gets screwed out of 6 mos advanced rent? + +TL:DR Never trust the your property owner. If you pay the lease upfront you give up leverage. +Citadel found themselves in an extremely important Catch-22 that involves both GME and AMC. + +Before anyone downvotes or disregards this post just hear me out. I very well count be wrong but it makes sense. + +What we know: +Citadel has a liquidity test on Thursday. +Amc borrow rate hit 80% +GME dropped 11% +We are at the end of the MOAW + +How it connects: +Citadels liquidity test coming up is a huge opportunity for them to avoid a margin call. So today to prepare, they short attack tf out of gme to get those liabilities down and sell some tech stocks so boost their assets. This explains the 11% drop and a huge red day for the market. + +By doing this the hedgies also try and convince apes that we are falling out of our MOAW. After reading wardens DD they realized we were hyped and they dropped the price. However Warden did talk about a possible short ladder after the wedge followed by a slow upward trend. Yes hedgies we do read. The drop and wedge went as expected and are perfectly fine. + +This is where amc comes into play. The amc borrow rate spiked to 80% and the price went up 10% or so. The amc apes are hyped and word is likely getting out as GME saw a similar borrow rate spike before the baby squeeze. This is the catch-22. If citadel chooses to short amc to drop the price their interest payments will be huge and their liabilities will increase. If they do nothing and let amc run they will see the same spike in their liabilities. ALL BEFORE THEIR LIQUIDITY TEST THURSDAY. + +IF THEY FAIL THEIR TEST THEY WILL BE MARGIN CALLED AND THE DOMINOS WILL FALL + + +Tl:Dr hedgies fukd, gme is on a fire sale. + +EDIT: Thanks for the support guys, means a lot! To the people saying this is an amc message blah blah blah, itā€™s not. Check my post/comment history itā€™s obvious what side Iā€™m on + +EDIT2: People in the comments asking if amc will moon before gme. There is no way to tell. Apes with more wrinkles than me have speculated that it could happen as their last effort to get apes to sell GME. GME is over 100% shorted, and we own the float. GME is much more catastrophic to them than amc. + +EDIT 3: Liquidity test post + +https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Iā€™ll try to make this long story short, a basic cable/internet subscription is included in my rent. In May, my apartment complex switched cable providers. When this happened the old provider, opened up accounts for each resident without permission and sent bills for about $250 (an activation fee). + +We received a mass email from the leasing office guiding us to ignore these charges and turn off autopay if you had it on. They claimed theyā€™d work with the company to get it fixed. + +Well itā€™s now August and the cable company is emailing me threatening to send me to collections. Iā€™ve tried speaking with the company and they maintain the bill is my responsibility. And our rental office says theyā€™re still working through the issue. + +Any idea what I should do? I obviously donā€™t want this to affect my credit, but also donā€™t want to pay $250 that I shouldnā€™t have to. + +Edit: Just I case this changes things, when I moved in I did have to call the cable company to give them my info in order to pick up a router and cable box. There was no fee and they never collected any payment info. +I am 20 years old international student. I currently get around 1200$ every month for scholarship and I have to start renting apartment starting from this summer. I have two options right now. First one is a really nice apartment that has a separated toilet, built in 2014, nice furnished kitchen, and overall very nice clean looking apartment that costs around 700$ including utilities. Second option is older from the 1990s, very small bathroom, and small oldish kitchen for around 450$-500$ with utilities included. Even though the first apartment is out of my budget my dad said he is going to help me with half of my rent and my mind is really set on this one. But my mom says that I should rent the cheaper one since renting is basically financing another person and told me to save money. I am really conflicted right now because I really like the first apartment but I also agree with her because I wanna save as much money as possible and continue not to depend on my parents. I would love to hear about your opinions. Thank you. + +Edit: I am currently studying in Japan so I think some of the details might differ +Hello all! + +Hope everyone is doing well. We had a nasty storm come through a while ago, and I had to be in a hotel while repairs where made, and then I lost some items that had to be replaced (food, etc). + +Renters insurance covered most of, if not all, of it. For the low price of 12 dollars a month. + +If you rent, please get renters insurance. + +On top of helping cover lost food, destroyed items, it also covers liability. Mistakes happen, it's part of being human. But with renters insurance, you are covered (check your policy/talk to an agent to see what exactly is covered) if you destroy property accidentally, or if someone accidentally gets hurt in your apartment. + +Renters insurance is insanely cheap, and can even be cheaper if you bundle it with other insurance, like car insurance. Something to def look into! I hope this helps some people :) +I have been mostly using Uber but from time to time this can get very expensive for trips farther away like hospital appointments etc. + +Sometimes I can easily spend up to Ā£200 a month, which feels like a lot. + +I am wondering if I should buy a car and use that but would need to take into account all costs like insurance, petrol, maintenance etc. + +I use the train to commute (but wfh atm) and so I am only interested in the running costs for folks that do not use their car for commute (or exclude the commute cost). + +Edit: lets assume my budget for the car itself is Ā£5-10k which I am assuming is good for a recent reliable car, e.g. used Polo +Hi, I'm in my late 20s and an american citizen but I grew up and have lived in a middle eastern country and couldn't go back to the US until now. + +In a few months I will be able to move back there and will have a place to stay for a few months. + +I pretty much don't know anything about living there except that medical bills are large and people have guns but it is an extreme improvement over conditions in my current location. + +Anything you share would be appreciated. + +Edit: they place im moving to is central Texas near Austin. I forgot the US is very big +Edit 2: Thanks everyone for your advice and thank you mods for monitoring the thread. I'm going to sleep right now but will keep all the advice in mind. Who knows maybe next year I'll be here again asking for retirement planning and stuff. +Source: [House Republicans are proposing a big corporate tax cut that Walmart hates](http://www.vox.com/2016/12/25/14069822/corporate-tax-border-adjustability) + +> ... that overhaul includes a big cut in the tax rate, from 35 percent to 20 percent. But it also includes some huge changes in the way the corporate tax works, apart from its overall level. They want to push companies away from financing projects with debt, by making it impossible for them to deduct interest payments on loans. They want to add breaks for companies making big capital investments (like buying equipment or building factories), making those totally deductible in the year theyā€™re made rather than ā€œdepreciableā€ over time. +> +> **But perhaps most dramatically of all, they want to allow companies to totally exclude revenue from exports when calculating their tax burden, and to ban them from deducting the cost of imports they purchase.** + +Companies like Walmart, Best Buy, Target, and Walgreens are concerned these changes may dramatically wipe out their profits. +Behƶver nĆ„gon hjƤlp med DRS? Ƅr det tydligt fƶr er hur man gĆ„r tillvƤga eller behƶvs en guide pĆ„ svenska? + +Jag sjƤlv kƶpte genom GiveAShare fƶr att fĆ„ tag i en aktie varpĆ„ dem skapar ett ComputerShare-konto Ć„t dig, hƤr gƤller ocksĆ„ att anvƤnda deras "expedited shipping" dĆ„ det tar lĆ„ng tid fƶr brevet att annars nĆ„ Sverige. Snabb frakt gĆ„r pĆ„ ca $35 men vƤl vƤrt det, dĆ„ kommer brevet pĆ„ ca 1 vecka istƤllet fƶr 2-3 mĆ„nader. + +SĆ„ fort man har fĆ„tt sitt brev med sitt ComputerShare account number sĆ„ ringer man ComputerShare och identifierar sig varpĆ„ dem meddelar dig att ett nytt brev innehĆ„llande en pinkod fƶr att logga in pĆ„ ComputerShare kommer att bli hemskickat. LikasĆ„ hƤr vƤrt att betala $35 fƶr snabb frakt. +Du kan i samband med detta ocksĆ„ uppge din mail fƶr att fĆ„ pinkoden dit, fĆ„r du pinkoden till mailen skickat sĆ„ fĆ„r du tillbaka pengarna fƶr snabb frakt. VƤrt att veta Ƥr att alla kan inte fĆ„ sin pinkod till mailen utan det bedƶmer dem innan den ska skickas ut precis. I mitt fall sĆ„ fick jag inte det utan fick dĆ„ betala fƶr snabb frakt och den kom samma vecka pĆ„ posten. + +VƤl inloggad i ComputerShare sĆ„ uppges man att fylla i W8-BEN-blanketten fƶr att inte bli skatteskyldig i USA, samma som du fyllt i pĆ„ Avanza / Nordnet fƶr att kunna handla USA-aktier. + +NƤsta steg Ƥr att i ComputerShare ladda ner ditt DRS (statement) i pdf format. + +Logga sedan in pĆ„ Avanza och se till att ha kƶpt $GME pĆ„ ett aktiefondkonto, ISK fungerar ej med DRS. +Maila kundservice att du vill DRS dina $GME frĆ„n ditt aktiefondkonto och hur mĆ„nga, bifoga ocksĆ„ DRS (statement) som du laddade ner. + +Klart, Avanza tar nu 2-3 dagar pĆ„ sig att skicka ƶver dina aktier till ComputerShare! + +Lite osƤker pĆ„ hur Nordnet fungerar men fƶrhoppningsvis kan nĆ„gon i kommentarerna hjƤlpa till dƤr! + +Skriv om ni har nĆ„gra funderingar och dela gƤrna detta till alla šŸ‡øšŸ‡ŖšŸ¦! + +$GME to the šŸŒ•šŸš€ + +Edit: du kan bara bifoga filer till Avanza inloggad genom hemsidan och inte i appen. + +Edit: Spelling error + +Edit: Total kostnad fƶr att sĆ„ snabbt som mƶjligt skapa ett ComputerShare-konto Ƥr dĆ„ alltsĆ„ GiveAShare-priset fƶr en aktie, dem tar cirka det dubbla av aktuella priset fƶr en $GME dĆ„ dem ocksĆ„ skickar dig en fin replica av en aktie fƶr att rama in och hƤnga pĆ„ vƤgg. Plus kostnaden fƶr snabb frakt ca $70. + +Edit: man behƶver inte vƤnta i tvĆ„ dagar pĆ„ pengarna flr att flytta pengar mellan avanzakonton, cred till /u/creamymarmalade + +Ja precis, man mĆ„ste vƤnta in likviddagen. + +MEN! Det gĆ„r faktiskt att flytta innan dess. GĆ„r man in pĆ„ sidan [intern ƶverfƶring](https://www.avanza.se/mina-sidor/overforingar/interna-overforingar.html) (verkar endast funka via weblƤsaren?) kan man flytta ƶver pengarna frĆ„n ISK till AF direkt mot en avgift. DĆ„ belastas ditt konto med skuldrƤnta fƶr de tvĆ„ dagarna du lĆ„nar pengar. Senast jag kollade lĆ„g skuldrƤntan pĆ„ 5,90% pĆ„ Ć„rsbasis. SkuldrƤntan dras automatiskt frĆ„n ditt saldo i slutet av mĆ„naden, fƶrutsatt att den ƶverstiger en krona. + +Exempel: Du sƤljer fƶr 20000 kr och flyttar pengarna direkt. SkuldrƤntan pĆ„ 20000 kr blir 1180 kr pĆ„ ett Ć„r, eller 3,2 kr per dag. AlltsĆ„ hamnar din skuldrƤnta pĆ„ 6,4 kr efter de tvĆ„ dagarna. + +Kan vara bra att veta att mƶjligheten finns, om man Ƥr rƤdd att hamna efter om priset plƶtsligt stiger. Finns sƤkert ett par personer som undvikit DRS pĆ„ grund av den oron. + +ā­En apa testade precis detta ovan o lyckades ej, kanske vƤrt att testa med en aktie fƶrst fƶr att va pĆ„ sƤkra sidanā­ + +Edit: fyi det tar ca 10 dagar frĆ„n att du lagt in dina bankdetaljer i ComputerShare till att dem godkƤnns. SĆ„ det kan vara vƤrt att tƤnka pĆ„ att vara fƶrberedd om man skulle i framtiden vilja sƤlja nĆ„gon aktie. (SjƤlv bidrar msn ju till infinity poolen sĆ„klart) ā™¾ļø har man inte lagt in uppgifterna sĆ„ skickar dem dig en check pĆ„ posten vid eventuell fƶrsƤljning +My bank account was made when I was 16 so he had to co-sign at the time. Now four years later he has been taking money from my checking account for his personal needs. I donā€™t want him to be able to do this, instead he should ask me and I would gladly give it to him. + +Anyways, I went to the bank and asked to separate it so I was the only one on the account and they told me my Dad needs to do this for me. So I asked him to authorize it for me and he said no. + +What can I do? Should I open a new account and just transfer my balance? +Children are a blessing in everyway. But with the high cost of living, grocery prices, petrol etc. How do you afford it? And please don't say Centrelink +[http://www.chicagotribune.com/business/ct-biz-inflation-rates-20180713-story.html](http://www.chicagotribune.com/business/ct-biz-inflation-rates-20180713-story.html) +[https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659](https://www.barrons.com/articles/stock-market-hawkish-fed-51624052659) + +The Federal Open Market Committeeā€™s latest policy communications raised more questions than answers. Perhaps the biggest one: Can the Fed ever really raise interest rates? + +&#x200B; + +At face value, and with a big dose of relativity, this past weekā€™s updated summary of economic projections and commentary from Chairman Jerome Powell marks a hawkish turn. Officials signaled rates could rise in 2023, earlier than previously telegraphed. And during his press conference, Powell acknowledged for the first time that inflation may turn out to be hotter and more persistent than the Fed has projectedā€”no small change for a person who has pushed the idea of transitory inflation, says Tom Porcelli, chief U.S. economist at RBC Capital Markets. + +&#x200B; + +But when you take a step back, the Fed remains about as dovish as ever. When the consumer-price index is running at 5%, itā€™s hardly hawkish to say there is a chance price acceleration is faster and lasts longer than anticipated. It already is, and it already has. + +&#x200B; + + Powell, like past Fed chiefs, told investors to take the so-called dot plot of officialsā€™ economic projections with a big grain of salt. But to the extent the dots are useful for reading the internal debate, they still show that only three members changed their view for raising rates in 2022, not enough to lift the median forecast from 0.125%. How hawkish can this all really be if, all told, the most skeptical members are thinking about raising rates by 0.5% in 2023? Moreover, the dotsā€™ 2023 message runs counter to the Fedā€™s own updated economic forecasts. It still sees inflation hardly above 2% in 2022 and 2023, despite the new tolerance for above-target inflation, and it predicts a meaningful slowdown in growth after this year. + +&#x200B; + +Stocks and bonds initially sold off on Wednesday after the Fedā€™s policy meeting but quickly recovered. The Nasdaq Composite index, full of expensive growth stocks, closed just off a record high on Thursday and bore the lightest brunt of Fridayā€™s selloff after St. Louis Fed President James Bullard said he expects the first increase in late 2022 (Bullard is a voting member next year). Still, Fridayā€™s declines are hardly a tantrum and the yield on the 10-year Treasury note was lower Friday than where it was before the Fed news. More interesting still is how the 5-year/5-year overnight indexed swap has traded. + +&#x200B; + +The 5-year/5-year OIS captures investorsā€™ expectations for the peak fed-funds rate in the business cycle, says Joe LaVorgna, chief economist for the Americas at Natixis. When long rates were selling off earlier this year, the gauge rose to about 2.40%, he says, suggesting traders assumed that the next tightening cycle would look broadly like the last one. After the Fedā€™s meeting on Wednesday, the gauge was yielding 1.94%. At press time on Friday, it was at 1.71%ā€”the lowest yield since early February. + +&#x200B; + +ā€œWe donā€™t believe you,ā€ the futures market is effectively telling the Fed, ā€œand saying it loud and clear with a megaphone,ā€ LaVorgna says. + +&#x200B; + +Recent history has sided with the market, not policy makers, he says. He points to the long-run equilibrium funds rate, which the Fed had to keep revising lower amid a falling 5-year/5-year OIS. Once thought to be around 4%, the Fedā€™s long-run rate estimate is now between 2% and 3%. The high end of that range still appears far too high if the 5-year/5-year OIS is a guide. + +&#x200B; + +It makes sense. Financial marketsā€™ sensitivity to monetary policy has never been higher. The Fedā€™s balance sheet has doubled since the end of the 2008 financial crisis, now 40% of gross domestic product. By buying massive amounts of bonds, the Fed has lowered rates and used asset pricesā€”especially stocksā€”as a primary tool for monetary policy. Thatā€™s through the wealth effect, or the tendency for consumers (which make up two-thirds of gross domestic product) to spend more as their assets grow. Any correction in stock prices would negatively affect economic growth and thus limit the Fedā€™s ability to tighten, the logic goes. + +&#x200B; + +Less discussed: the prospect of further fiscal spending would itself make tapering bond purchases a tall order. The Fed has become such a dominant force in the bond market and would presumably need to keep buying the additional debt as the Treasury incurs it. (The Biden administration has proposed a $6 trillion budget for 2022). + +&#x200B; + +Thatā€™s one piece of the argument that the Fed wonā€™t be able to meaningfully tighten. Another is the debt side of the economy. If the Fed was unable to lift rates above 2.5% during the last tightening cycle, and had to cut rates in several meetings before the pandemic prompted its emergency actions early last year, why would it be able to raise now? Since then, U.S. households, businesses, and the federal government have grown only more indebted. + +&#x200B; + +ā€œWhen an economy is running a debt-to-GDP ratio at 100% or more and growth is debt-driven, itā€™s very hard to raise rates,ā€ LaVorgna says. ā€œThe Fed is in a box and I donā€™t think it can get out of it.ā€ + +&#x200B; + +The upshot? Easy money is likely to be flowing well beyond 2023. For now, that would translate into continuing stock-market gains, especially in rate-sensitive areas like technology. What that means for the U.S. economy is another question, and what it means for markets longer term is yet another. + +&#x200B; + +To LaVorgna, it probably all leads to what he calls secular stagnation. A euphemism, perhaps, for stagflation. + +&#x200B; + +Investors worried about inflation remain no less concerned. The Fed tiptoed toward acknowledging that current policy doesnā€™t square with reality, but it didnā€™t really move the needle, says Peter Boockvar, chief investment officer at Bleakley Advisory Group. ā€œIā€™m someone who thinks the Fed has been doing 200 miles per hour in a 50 mph speed zone. I saw Powell slow down to 175.ā€ + +&#x200B; + +Boockvar remains long areas that hold up best during periods of rising inflation, including energy and agriculture stocks, precious metals, and Asian and European equities. ā€œInflation is now a Main Street story,ā€ he says. ā€œIā€™m gritting my teeth and sticking to it.ā€ + +&#x200B; + +So too, it seems, will the Fed. It may have no other choice. +My bill is $1200. The minimum payment is $27. + +I can pay 50% on this month's due date. I can then pay another 25% on the 1st of August and the remaining 25% on the 15th of August. + +The rate is 27.24. Does this mean I'll be paying 27.24% of $600? I've always paid the full balance so I'm not familiar with how this works. + +Thanks! +Using a throwaway just in case. I recently found a job blending my two passions. I would be an art instructor/director at a program which supports and empowers people with disabilities. I currently work as a special needs teacher, but my background is in art and I have not ever been able to support myself as an artist full time. + +I have always wanted to find a way to do something creative AND support people with disabilities. I think this could finally allow me to pursue my own career in art while helping others. I'm a good teacher, but I have never been satisfied with it and have switched schools a bit hoping to find my "home". + +As for numbers, I make around $42000 as a teacher, and get to have a lot of days off for breaks and stuff. However, I often work off the clock and I have to re-certify every 5 years (it is clear to me that the classes I have to take are just a way to squeeze teachers). The art job would gross about $34 and would have fewer benefits (insurance and retirement probably not as good), but I would have access to a full art studio and would be allowed to do my work as well. + +&#x200B; + +What do you think? Is it worth the risk? My partner and I do just fine money-wise at the moment (dual income, no kids!), but we are looking at the long term as well. + +&#x200B; + +&#x200B; + +UPDATE! I took the job! Negotiated a higher salary and it worked. They talked about my skills and said they could see quite a few other ways I could impact their organization. THANK YOU ALL SO MUCH FOR THE ADVICE!!!! +[Rishi Sunak plans emergency cut in VAT to rescue ailing economy](https://www.thetimes.co.uk/article/rishi-sunak-plans-emergency-cut-in-vat-to-rescue-ailing-economy-l6glk27rp) +Bought 58k penny stocks for about $400. Few months go by and share is now worth $3.89 as itā€™s now listed under Nasdaq but I check that I only have 15 shares left. Confused and puzzled. I dig around and find something on the transaction history that says ā€œMandatory Reverse Splitā€. I had to educate myself on what it was. Now I have 58 bucks worth of shares. For a moment I thought I had made over 226k +Life has been so much better since I started using NBDB and Disnat. The $0 fee to buy/sell equities has been one of the best gift I have received recently. I can buy even small quantities and DCA every other day if I want and have the cash. + +The worst part is that I am finding it impossible to pull the trigger in TD Web/BMO/RBC DI?. Can't justify paying $10 if I want to buy 5 stocks of [BNS.to](https://BNS.to), or a single share of VOO or 10 shares of Jepi. The market being down close to 25%, now seems like a good time to invest but I just cant get over the $10 fee. And I am in no mood to buy more quantity to bring down transaction cost per share simply because good stocks are still very expensive. I am least interested in counting trades per month to get so called active trader status. Been there, done that. + +Hence the question - is there any benefit in keep using expensive brokerages like TD Web/BMO/RBC DI? What are you guys doing? +(Sorry for formatting and wall of text, I'm on mobile) + +Tldr: how can crypto/blockchain work for you as a consumer at the banking level? + + +I work for a medium sized bank. I recently had a conversation with one of our higher up bosses regarding crypto. He was glad I was excited about it, but he admitted he is actually kind of scared of how crypto currency will impact the traditional banking space. I asked him why we had to be afraid of Crypto. Why can't we implement it somehow early on and be ahead of the curve, ready for the big boom of Crypto normalization? His response? "I'm old, all of my bosses are old, we don't know anything about it. We know it's the future, but we don't know exactly why." + + +Cue to us talking about smart contracts, transaction verification etc, he started asking me more in depth questions. He eventually asked me to give him some examples of how the bank could implement crypto and block chain tech. The first example that came to mind is running smart contracts to make the loan process more expedited. I also mention transaction verification. His interests are peaked at this point, but unfortunately, he tapped me of pretty much all of my crypto knowledge. + +So I thought I would check up with Reddit :) +My questions to everyone here are: + +1. How do you see blockchain tech working for you, as a consumer? + +2. What do you want to see when banks begin implementing block chain tech? (Were talking about online banking, but also attracting crypto users into a physical branch) + +3. What do you want banks to avoid when they begin implementing block chain tech? + +4. Do YOU have any examples of commercial institutions (preferably American) already successfully implementing block chain tech? + +Feel free to answer as many or as few of these as you like, I will be reading these responses intently. I look forward to hearing what you all have to say! +I just recently turned 30years of age, have an Associate Degree in Business. I lost my job (International student agent) during Covid and I work at Coles as a Nightfill team member now as I had over 30 interviews with other companies with no success progressing to the next round. + +I just feel lost in life, all my friends are out making good money and progressing in their careers, whilst I am working my ass off making $23 a hour (those carton rates are no joke). With living costs increasing its extremely hard for me to save anything as my rent is almost 1/3 of my income and I have special dietary requirements on foods I eat. + +Im just wondering if I should stick around and eventually be promoted as department manager - many people are ahead of me at this point and age is definitely not on my side. But I have been told the department manager salaries are quite good. +Ive also thought about upskilling and maybe doing a cyber security or IT cert to open up my opportunities. + +Ive never had a passion or had a ā€˜dream jobā€™ and have no interest in many things. Im just so lost and any help or advice or tips will help me. Thanks in advance +My Dad fucked up his credit on purpose (not sure why). +He cant transfer the convenience store to my mom because she is his spouse. +I started working in a lab recently and want to pursue a PhD soon. But, the store license is expiring soon. A store without a license isn't worth much. +My dad wants to sell the store. He thinks its a waste of time and energy and money. So, he wants to get a license under my name and presumably then sell the store (it's been hard finding a buyer so no one knows how long that's going to take). +I don't want to do it. They are horrible at financial matters and shit at making decisions, and they've got a terrible track record to prove it. +But, I live under their roof. I am saving up to move out. I know they will guilt trip me and pull that whole ā€œfamily supposed to be there for each otherā€ ā€œthe older you are the more selfish you've becomeā€ - the works for a typical South Asian family. +If I confront them I also risk being kicked out. When my father and I fight it's always big. Its not the being kicked out part i wanna avoid, its the drama, the fighting, the stress, etc. +Our culture definitely makes a difference in this situation - and I'm hoping someone here knows a way around this. + +So! What can I do? Are there any alternatives? I've thought about freezing my credit reports but he'll just ask me to unfreeze and we are back at square one. +They are financially irresponsible and I don't want them to ruin their lives - they are also too immature to handle me confronting them and telling them I don't trust them without them either kicking me out or resenting me. + +It's really been stressing me out. + ...is while we're all rejoicing over the price, he is focused on keeping his promises and improving the tech. For someone so young who's just created a $40billion cryptocurrency he's incredibly humble. Such a great man. +I know that everyone's looking at the price and probably confused and worried. The fact of the matter is, price has decoupled from fundamentals in the cryptocurrency markets a long time ago... +https://steemit.com/ethereum/@kjnk/just-a-quick-reminder-of-ethereum-s-fundamentals + *ā€œThe great revolution in the history of man, past, present and future, is the revolution of those determined to be free.ā€* + +*- John F. Kennedy* + +Today we begin yet another transformation towards a brighter future. Through all the struggles of the way things used to be, I see a brighter future lighting the way for all of us, no matter the race or creed. I offer a direction that you can control. An idea that has not been available to human civilization for a long time. The perceived flagrant idea of self governance and control from the bottom up, not the other way around. Today we look at how the STP network envelops this ideology and leads us to a brighter future for all. The long existent chapter of a monopolistic view on wealth distribution can finally come to a close. The Standard Tokenization Protocol is one of the protagonists of this story, and we are watching this happen in real time. Let me walk you through this idea right now. + +The Standard Tokenization Protocol (STP) defines a revolutionary platform hitherto missing from the blockchain ecosystem. STP has devised an open-sourced standard designed from a principle of trustless asset management and record keeping available not only on the Polkadot infrastructure, but also other blockchain platforms as well as assets off-chain. They give the user the ability to compile any asset from any medium and create a trustless security token creation platform. This guarantees that assets representing the security tokenā€™s valueship are present, no matter the medium. The result is an opportunity to invest in something either previously unavailable or lacking a tantamount level of security. We can thank the blockchain for such a possibility. STP is seamlessly leveraging and executing this idea with a high level of precision and offers an opportunity like none before it. The very idea hinges upon the notion of ā€˜synthetic assetā€™. + +The idea of a synthetic asset is not new. CoinTelegraph explains that ā€œa ā€˜synthetic assetā€™ refers to a mix of assets that have the same value as another asset. Traditionally, synthetics combine various derivative products - options, futures or swaps - that simulate an underlying asset - stocks, bonds, commodities, indexes, currencies or interest rates.ā€ Several other entities have their way of achieving this through many different formulations. These current formulas do not lend themselves to a decentralized principle, nor do they offer much to the average investor in terms of trust or the flexibility to become something more than just a glorified ā€œstable coinā€. STP disrupts this paradigm by rejecting the current narrative. This inverted idea is that it cannot be improved upon and must only be duplicated. Obviously investors in blockchain have the lens to see the bigger picture and realize that the S&P 500 and a handful of tech stocks are going to be the golden future of our financial system. + +Why canā€™t we decide what our gold standard will be? What happened to letting the market decide what is a valuable indicator for the health of our financial systems? Who said we have to accept what weā€™re given and that we have to continue playing by their rules? Who made those decisions, anyway? Now that we have the privilege and resources to construct our own economic future and track the pulse ourselves, we can focus our intentions and potential forward. Lest we forgive or forget the moneyed few responsible for our (many) common and shared woes, observe that some have already transposed this oppressive and undignified problem onto the blockchain. They toxify our ecosystem with the same old-money ideologies. I am proud to say that STP, from its core, defies this idea wholly and enthusiastically and allows us all to pave the future for a new financial structure already at our doorstep. Whoever declares that they can fulfil the betterment of all society without input from the people is not truly operating for your benefit. + +I admit, however, that I do not offer any other solution besides advocacy for the working class and collaboration with those that conform to our outlook on how things should be. I back this token not only for its revolutionary protocol, but also for its ability to add more depth to the blockchain ecosystem and its ability to leverage our community for the benefit of our community. By supporting a financial counter-culture, we ensure that governments and other entities cannot dictate how we can provide a better future for ourselves and our families. If any of these ideas resonate with you, please visit their website at [https://stp.network/](https://stp.network/). + +Announcements for STPT use case + +Binance and Expedia-Backed Travel Agency uses STPT as Payment + +[https://gov.stp.network/t/stp-partners-with-travala-to-connect-stpt-with-expedia-and-other-global-hotel-online-booking-payment-channels/18](https://gov.stp.network/t/stp-partners-with-travala-to-connect-stpt-with-expedia-and-other-global-hotel-online-booking-payment-channels/18) + +STP 2.0 + +[https://gov.stp.network/t/introducing-stp-2-0-a-protocol-for-synthetic-tokenization-on-polkadot/13](https://gov.stp.network/t/introducing-stp-2-0-a-protocol-for-synthetic-tokenization-on-polkadot/13) + +STP Invests in Cobak, Largest Korean blockchain community + +[https://gov.stp.network/t/stp-network-makes-strategic-investment-in-cobak-1-blockchain-community-in-korea/16](https://gov.stp.network/t/stp-network-makes-strategic-investment-in-cobak-1-blockchain-community-in-korea/16) + +STP and HedgeTrade + +[https://gov.stp.network/t/stp-network-and-hedgetrade-partner-to-offer-social-trading-of-stpt-tokens/17](https://gov.stp.network/t/stp-network-and-hedgetrade-partner-to-offer-social-trading-of-stpt-tokens/17) + +*ā€œYou are not the victim of the world, but rather the master of your own destiny. It is your choices and decisions that determine your destiny.ā€* + +*- Roy T. Bennett* + *ā€œThe great revolution in the history of man, past, present and future, is the revolution of those determined to be free.ā€* + +*- John F. Kennedy* + +Today we begin yet another transformation towards a brighter future. Through all the struggles of the way things used to be, I see a brighter future lighting the way for all of us, no matter the race or creed. I offer a direction that you can control. An idea that has not been available to human civilization for a long time. The perceived flagrant idea of self governance and control from the bottom up, not the other way around. Today we look at how the STP network envelops this ideology and leads us to a brighter future for all. The long existent chapter of a monopolistic view on wealth distribution can finally come to a close. The Standard Tokenization Protocol is one of the protagonists of this story, and we are watching this happen in real time. Let me walk you through this idea right now. + +The Standard Tokenization Protocol (STP) defines a revolutionary platform hitherto missing from the blockchain ecosystem. STP has devised an open-sourced standard designed from a principle of trustless asset management and record keeping available not only on the Polkadot infrastructure, but also other blockchain platforms as well as assets off-chain. They give the user the ability to compile any asset from any medium and create a trustless security token creation platform. This guarantees that assets representing the security tokenā€™s valueship are present, no matter the medium. The result is an opportunity to invest in something either previously unavailable or lacking a tantamount level of security. We can thank the blockchain for such a possibility. STP is seamlessly leveraging and executing this idea with a high level of precision and offers an opportunity like none before it. The very idea hinges upon the notion of ā€˜synthetic assetā€™. + +The idea of a synthetic asset is not new. CoinTelegraph explains that ā€œa ā€˜synthetic assetā€™ refers to a mix of assets that have the same value as another asset. Traditionally, synthetics combine various derivative products - options, futures or swaps - that simulate an underlying asset - stocks, bonds, commodities, indexes, currencies or interest rates.ā€ Several other entities have their way of achieving this through many different formulations. These current formulas do not lend themselves to a decentralized principle, nor do they offer much to the average investor in terms of trust or the flexibility to become something more than just a glorified ā€œstable coinā€. STP disrupts this paradigm by rejecting the current narrative. This inverted idea is that it cannot be improved upon and must only be duplicated. Obviously investors in blockchain have the lens to see the bigger picture and realize that the S&P 500 and a handful of tech stocks are going to be the golden future of our financial system. + +Why canā€™t we decide what our gold standard will be? What happened to letting the market decide what is a valuable indicator for the health of our financial systems? Who said we have to accept what weā€™re given and that we have to continue playing by their rules? Who made those decisions, anyway? Now that we have the privilege and resources to construct our own economic future and track the pulse ourselves, we can focus our intentions and potential forward. Lest we forgive or forget the moneyed few responsible for our (many) common and shared woes, observe that some have already transposed this oppressive and undignified problem onto the blockchain. They toxify our ecosystem with the same old-money ideologies. I am proud to say that STP, from its core, defies this idea wholly and enthusiastically and allows us all to pave the future for a new financial structure already at our doorstep. Whoever declares that they can fulfil the betterment of all society without input from the people is not truly operating for your benefit. + +I admit, however, that I do not offer any other solution besides advocacy for the working class and collaboration with those that conform to our outlook on how things should be. I back this token not only for its revolutionary protocol, but also for its ability to add more depth to the blockchain ecosystem and its ability to leverage our community for the benefit of our community. By supporting a financial counter-culture, we ensure that governments and other entities cannot dictate how we can provide a better future for ourselves and our families. If any of these ideas resonate with you, please visit their website at [https://stp.network/](https://stp.network/). + +Announcements for STPT use case + +Binance and Expedia-Backed Travel Agency uses STPT as Payment + +[https://gov.stp.network/t/stp-partners-with-travala-to-connect-stpt-with-expedia-and-other-global-hotel-online-booking-payment-channels/18](https://gov.stp.network/t/stp-partners-with-travala-to-connect-stpt-with-expedia-and-other-global-hotel-online-booking-payment-channels/18) + +STP 2.0 + +[https://gov.stp.network/t/introducing-stp-2-0-a-protocol-for-synthetic-tokenization-on-polkadot/13](https://gov.stp.network/t/introducing-stp-2-0-a-protocol-for-synthetic-tokenization-on-polkadot/13) + +STP Invests in Cobak, Largest Korean blockchain community + +[https://gov.stp.network/t/stp-network-makes-strategic-investment-in-cobak-1-blockchain-community-in-korea/16](https://gov.stp.network/t/stp-network-makes-strategic-investment-in-cobak-1-blockchain-community-in-korea/16) + +STP and HedgeTrade + +[https://gov.stp.network/t/stp-network-and-hedgetrade-partner-to-offer-social-trading-of-stpt-tokens/17](https://gov.stp.network/t/stp-network-and-hedgetrade-partner-to-offer-social-trading-of-stpt-tokens/17) + +*ā€œYou are not the victim of the world, but rather the master of your own destiny. It is your choices and decisions that determine your destiny.ā€* + +*- Roy T. Bennett* +Imagine being a business owner and accepting payments in a coin that reduces in value 10-80% by the time you need to declare your income or pay for things. + +If it goes up in value - great. Until you need to sell it for fiat, which is an additional taxable event. + +Businesses need stability and predictability, not additional and unnecessary risk. + +Sure, crypto is a great medium of exchange. But the only way crypto can be used for payments on a massive scale (like fiat) is if itā€™s a stablecoin. Itā€™s tax-efficient and more profitable for businesses (earn high yield safely). +I am such an ape that I still canĀ“t spell it without double checking. + +Besides all the screenshots of the supreme court rule, what does it actually mean? I went through a bunch of articles to gather numbers. + +**ta;dr: something between 7-11m people are behind payments and affected and might be kicked out now.** + +While the numbers differ, I just want to throw them out here since we wonĀ“t be able to make a poll and get a real statistic setup, letĀ“s go. (source in the end --> easy read mode, see brackets behind numbers)) + +Again, I throw the numbers out, different numbers on the same topic but just for us to see that itĀ“s not just a hand full of people who will be affected. + +One thing that I do not understand: The eviction moratorium only prevents people from being kicked out. It does not reliefe them from payments. So besides the sad fact that people might lose shelter, wouldnĀ“t the financial impact already be seen? Now they have to pay back of get kicked out, but there wasnĀ“t a goverment body who paid in the meantime, right? + +u/dept_of_silly_walks is clearly smarter and explained why it could be a bigger thing for us: + +>Now, you are correct. This whole time, thereā€™s been no one paying these back rents. So we may be looking at millions of people that havenā€™t paid any rent in 18 months. +> +>Again, as the landlord couldnā€™t kick the tenants out, the banks also cannot default on the landlordā€™s commercial mortgage loan. +> +> +> +>That all comes to an end today. +> +>Now, landlords can evict tenants, banks can foreclose on home owners ā€¦ AND, if the landlords holding commercial mortgages do not have 18 months of mortgage payments, they can get foreclosed on, too (and how are they supposed to have this cash when tenants have been living rent free for a year and a half?). + +&#x200B; + +~~I am having a hardtime phrasing it like this but wouldnĀ“t that be a good sign for banks? Now landlords can get tenants in again who pay for rent and they could ask for payments with more pressure again? No FUD or shill... I try to understand and would like to edit this if someone can help me grow a wrinkle.~~ + +&#x200B; + +\+++ Who is affected (**A**ll **P**eople **E**qual, just for the statistics): +++ + +\- 24 percent of Black renters (1) + +\- 18 percent of Latino renters (1) + +\- 11 percent of white renters. (1) + +\+++ How many people are affected: +++ + +\- 7m Americans (July 30th) (2) + +\- 10m Americans (June 30th) (3) + +\- 7.4m aduldts or 6.5. households (4) + +\- 11 million people are behind on rent (5) + +\- 16% US households (5) + +\- more than 14% of renters are behind on housing payments (3) + +\+++ Which states got hit how hard (5): +++ + +&#x200B; + +[shameless stolen from cbs News](https://preview.redd.it/iqpeud6qgvj71.png?width=859&format=png&auto=webp&s=b19a19d6ad356400fc795af962fe22b1201085fa) + +&#x200B; + +[only the 18&#37; states](https://preview.redd.it/fe64awhwgvj71.png?width=850&format=png&auto=webp&s=0e04cd7fc89c1aff76459f2439d2228e7d24a08f) + +&#x200B; + +(1) [Source 1](https://www.winknews.com/2021/07/29/eviction-moratorium-what-happens-to-renters-when-the-cdc-ban-expires/?__cf_chl_captcha_tk__=pmd_Ix.ee8vH4zU8wZKMliv89Iw2DzSVlfBfctWPB1MU3ak-1630056552-0-gqNtZGzNAxCjcnBszQk9) + +(2) [Source 2](https://www.npr.org/2021/07/30/1022909525/millions-of-tenants-will-be-at-risk-of-eviction-when-the-moratorium-ends-this-we) + +(3) [Source 3](https://www.cnbc.com/2021/06/03/more-than-14percent-of-renters-still-behind-on-rent-as-eviction-ban-ends.html) + +(4) [Source 4](https://www.aspeninstitute.org/wp-content/uploads/2021/07/AI-017-FSP-Report_Eviction-Report_r4.pdf) + +(5) [Source 5](https://www.cbsnews.com/news/eviction-moratorium-2021-expiration-renters-risk-states/) +Investors in small cannabis companies lost $23.3 billion in 2014 because shady stock promoters are capitalizing on the slow tide of legalization in the US by manipulating the penny stock market with ā€œpump and dumpā€ schemes. + +Penny stocks are stocks in small companies that trade for less than five dollars apiece. Theyā€™re quoted and traded on dealer networks like OTC Markets because they donā€™t meet the requirements to be traded on more formal exchanges like the New York Stock Exchange. Theyā€™re also extremely volatile. Shady stock promoters capitalize on this volatility by convincing others to buy stock in worthless companies to increase their value temporarilyā€”the ā€œpumpā€ā€”before selling themā€”the ā€œdumpā€ā€”leaving naive investors holding the bag. + +In 2014, pot companies had the most drastic ups and downs for penny stocks according to data analyzed by Openfolio, a social network for investors to share which stocks theyā€™re trading. This indicates that pumping and dumping marijuana stocks has accelerated to a pretty insane degree. + +According to the data, which Openfolio shared with Motherboard, stocks in Medical Marijuana Inc., an umbrella company that sells cannabis-based wellness products, are down 94.4 percent since their peak price in 2014 and investors lost a total of $1.7 billion. My Marijuana Canada, a company that grows and distributes medical weed, slid down a money ladder and is currently down 72.93 percent from its peak. + +Full article here on Vice: http://motherboard.vice.com/en_ca/read/marijuana-investors-lost-billions-in-penny-stocks-last-year + +Hi all - could really use some help with this, as I am in no way a financial expert. Apparently, part of Biden's Build Back program will limit Roth IRA contributions for those who make over $144,000/year: [https://www.cnn.com/2021/11/29/success/backdoor-roth-ira-roth-401k/index.html](https://www.cnn.com/2021/11/29/success/backdoor-roth-ira-roth-401k/index.html) + +>*The provisions are included in the version of the bill that recently passed the House, and is set to go to the Senate for consideration in December.* +*While you won't get a tax break for your contributions to a Roth IRA, the after-tax money you put in will then grow tax-free and can be withdrawn tax-free once you reach retirement age. In 2022 you can contribute up to $6,000 a year ($7,000 if you're 50 or older).* +***High earners, however, are prohibited from contributing directly to a Roth IRA if their modified adjusted gross income in 2022 is at least $144,000*** *($214,000 if married).* +*But they can still create a Roth IRA through a so-called "backdoor" strategy that involves converting their other IRA savings.* + +I current make above the "single" limit (I'm married, but we currently do all our finances separately for the time being, and we'd go over the $215K anyway) so I'm wondering if my options are to do the backdoor (which frankly seems like a pain in the butt) or start looking at other strategies. + +I have always liked the ease the flexibility of my Roth, and while I support much of the Biden Build Back agenda, this is something that I wouldn't be opposed to getting scrapped. +So to keep things short and simple. The only education i have is my G.E.D so my jobs are always typically in warehouse or construction with the pay being usually about $10-$12 per hour, 40 hours a week. My gf works on and off retail usually averaging about $8 per hour and 35 hours a week. Where we are now the bills and rent are about $750 a month. + +The question i have is, is if we put our minds to it and budget and save like crazy. Could we afford like a 50-100k house? Even with interest rates and what not? Or would i have to try to get an education and get some job that pays salary? + +EDIT: + +Also forgot to mention i have zero credit that Iā€™m starting off with so i have a clean slate to build up some good credit. Iā€™m 20 y/o. +People have probably already preached here about Mr. Money Mustache, but [this article](https://www.mrmoneymustache.com/2014/04/22/brew-your-own-cider/) made me realize the gorgeous overlap that exists between /r/financialindependence and /r/prisonhooch (and a few of my other favorite subreddits). Want to make your own booze but not spring for expensive /r/homebrewing equipment? Literally buy a jug of juice and pour wine yeast into it. That's all you need. Cider? That's just two week fermented apple juice with six months of aging. Raspberry wine that mixes amazingly with sodas and desserts? Go have a pick your own day with the family and ferment those bad boys. + +&#x200B; + +Similar hobbies I have that I have adapted for more min/maxed expenses: + +* Handmade ultralight hiking gear with the help of /r/myog +* Miscellaneous sewing projects from thrifted fabrics +* Garlic prices are insane and you're a helpless foodie? No problem, learn to forage alliums at /r/foraging +* Gyms are closed/too expensive? Spend some time with your youtube yoga waifu (mine is YogaWithAdriene) + +&#x200B; + +What are some of your methods for keeping up with hobbies without going overboard on spending? Or do you prefer to narrow your interests and go all out on one or two things? Could you see yourself enjoying yourself with one method over the other? +Hi all, + +Always a pleasure reading the many success stories, overcame struggles, and humble journeys many of you have shared in this space. Iā€™ll try to keep my story short and hope I can pick the brains of the much more experienced of you all to find a path towards some peace. + +A few days back while scrolling through reddit I run into an imagine/story of your typical firer/rational low key frills family: went to work, spend below their means, and saved. Their net-worth got pretty nice and then Cancer hit one of the partners. Everything they built in years evaporated in months. Obviously this was in the US where despite having insurance, medical costs can still bankrupt you. Iā€™ve experienced Something similar through the eyes of a close friend. + +I grew up low income, with an overcrowded house hosting multiple families and earning minimum wage. Through great family support, relationships outside of my own and a bit of luck I managed to finish school and found myself in a corporate white collar job. Since growing up living paycheck to paycheck and making the best of resources, one of the core principles of fire (keeping expenses low) wasnā€™t really that new to me. I already knew how to live next to nothing (by force), I just didnā€™t know what to do with all the savings. + +Anyway, I am thankful and have found myself, and despite Covid, still with a job and saving quite a bit of money. Through your readings and advice, there is no doubt that I will fire. However, I absolutely still have no safety net. Medical costs still give me nightmares and despite living a rather healthy life, I know illness does not discriminate. + +My question, for all you firers that have your budgets, your savings goals, etc and are now in great position, what are you doing to protect your assets in the rare case that unfortunate event happens? How do you survive (financially) after creditors from the likes of healthcare (or some other creditor outside of regular banking) come after your assets? + +*edit: hi yā€™all! Thank you, thank you very much. I received more than enough humble and honest thoughts and experiences to continue this journey towards freedom. I am sorry if I did not respond to each one of you directly, Iā€™m still going through them and getting your insights. You guys are a great community and am humble to have the opportunity to pick your brains to better understand this simple but complicated ish world of money. I look forward to cheering you all as you reach your fire goals, crush savings and nw goals, and chime in wherever I can. Stay safe during these times! +ENB & BIG5 are the best yielding and safest dividend plays on the TSX right now 6-7%. + +Why did you buy that 8%+ yielding stock? +What makes you so sure that it won't be reduced or cut? + +This post is brought to you by: FOMO šŸ‘ + + + +Please only comment if you're seriously invested (10%+ portfolio) +As of 4 months ago (Dec 2020) I cut the cord with a FAANG's 520K/y position. I'm in late 30s, NW 3.2M. I'm living on a humble budget so expecting my NW to only grow. + +I'm a permanent resident in US and am scheduled to get a US citizenship in a month - an event that I've been working towards for the last dozen-ish years. My earlier thoughts (before going FIRE) were that a citizenship will give me firmer footing in US as I absolutely love this country and the job opportunities it has been giving me. + +However, after FIRE, I'm realizing that getting a US citizenship will put me (voluntarily) into US tax net, hence will weigh highly against future considerations of moving to other countries. For instance, I would not be able to move to Cayman Islands to enjoy the 365 day weather AND other perks like NO income tax, NO property taxes, NO capital gains taxes, NO payroll taxes, NO withholding tax, ... + +I'm also a Canadian, so have good fallback if I decide to NOT get US citizenship. However, after few days of deep thoughts on the subject I decided to still go on with getting the US citizenship as a) I have a big family and this country is a great place to raise my kids, and b) I've built my life here and it truly feels like my new home, something I'm reluctant to part with for bigger numbers in my bank account. + +Having made peace with my decision, I'm still curious what other FIRE folks think on the topic? Would also love to hear personal stories about trade-offs made between getting a US citizenship and ... not. Also, given that [2.6K (of 9M Americans living overseas) renounce their citizenship annually](https://www.prnewswire.com/news-releases/americans-gave-up-citizenship-in-record-numbers-in-2020-up-triple-from-2019-reports-tax-specialists-americans-overseas-301222817.html), I'd love to get a feel how many FIREs make up that number? + +&#x200B; +Iā€™d like us to take a bit of time out, on our journey to becoming financially independent and have all the F U money we need. + +Not been a big dog, but my friend recently told me she was working 17 hours a day, to cover her student debt. I thought this was unacceptable so I transferred her 1000 to at least have some breathing space. Itā€™s not much, but enough for her to be able to scale her hours back a little. + +My sister is having a bit of a shitty time, recently had some lady ovarian issues and was super stressed about it. Thankfully sheā€™s ok and has a clean bill of health. She doesnā€™t earn a great deal so I wanted her to, again have a bit of breathing room and sent her 1000. Not much, but enough for her to know sheā€™s good. + +I think itā€™s important to help those close to us, that arenā€™t on this journey, with just a little to make their life a little better. +With Ethereum switching over to proof of stake and L2s starting to take off why should I not sell every competing L1 I own and just switch it into Ethereum or ETH L2s? + +All the common FUD points competitors used are all but gone now. L2fees are around 0.01-0.02$ right now and after sharding will be 0.0001-0.0002$. + +Why would I ever use a competing less secure blockchain again? +So this is my strategy, you probably have yours but I do what I can afford. + +Of course I would like to invest more money and it is certain that this investment will not enrich me given that the standard of living in the country where I live is not very good, but I honestly believe that in time I can take some nice earnings with this way of investing. + +So every month I try to take 10% of my salary and I put it into a stable coin. Then I wait for the drop and DCA a bit by bit. Sometimes it is less then 10%, sometimes it is more if I can afford it and if I really believe in that coin. + +I don't rush because I am here to stay in a long run, so a small amount of money can become large over time if I invest wisely. + +**Edit**: Hi everyone. I am very happy that most of you liked my post. Anyway, I got a tons of comments saying that what I am doing is not DCA. I am very sorry for being unclear, and I kept answering on those comments. TLDR: I do both, DCA and wait for the dip with the money I have. + +Once again sorry for being unclear, I hope everyone understood me now. +&#x200B; + +>Not long after the *Times* interviewed Hawking it interviewed Gary Kremen, who founded Match.com. At the time Kremen was 43 years old and worth $10 million. That put him in the top half of 1% in the country, and probably the top 1,000th of 1% in the world. In Silicon Valley, it made him just another guy. ā€œYouā€™re nobody here at $10 million,ā€ he said. The *Times* wrote: ā€œHe logs 60- to 80-hour workweeks because he does not think he has nearly enough money to ease up.ā€ +> +> +> +>The point here isnā€™t to say Hawking has the clarity of a monk or that Kremen was out of touch. Just that all happiness has its roots in expectations. + +[https://www.collaborativefund.com/blog/goalpost/](https://www.collaborativefund.com/blog/goalpost/) + +I just finished reading this blog post by Morgan Housel. It's a great article but the section I quoted above felt particularly insightful. + +It's easy to see so many posts here or on r/fatFIRE about people with millions of dollars and to think "you're nobody" as Kremen said above. I'm posting this to remind myself and help others remind themselves how lucky we are to be on this journey to FI and to get there some day. +I got a email from Ally Bank that effective yesterday, they lowered the interest rate of their saveing accounts from 2.2% to 2.1% APY. Are other banks doing this as well and is it indicative of anything? This is what they said ..... + +" if you've been paying attention to the economic news lately, you've seen that after a period of increases, interest rates are on the downswing and projected to fall further. These market conditions impact all kinds of things, from mortgages to CDs to savings accounts. Because of this, beginning on 6/25/19, your Online Savings Account rate moved from 2.20% to 2.10% Annual Percentage Yield (APY) on all balance tiers. We wanted to make sure you were aware of this change, because to us, being straightforward is the right thing toĀ do." + + +EDIT: Thanks for the replies so far. I know they can lower rates anytime they want but Im wondering.... if all banks start lowering their rates around the same time, is it an indicator of a nearing recessing or bad things to come in the stock market/finance sector. +Years ago, when I was a teenager I had online businesses where I worked for digital currency and USD currency. Today I sold my digital currency for $45,000 AUD which is sitting in an exchange right now. My dad is also holding $20,000 for me which I have saved by working part time and from my online businesses. I currently own an online business which provides me with a yearly income between $4,000 - $10,000 a year. My cost for running this business is $300 a year (not taking into account my time). + +I still live with my parents and have just graduated university and just got my first full time job which pays me $60k. I want to cash out my $45,000 from exchange and also put the $20,000 from my dad into my name. How do I minimise paying taxes and what should I do with this money? I know it isn't a lot, but I would like my money to make me more money. Trading is not for me. It is too stressful. +I'm a homebrewer who was thinking of selling a few brews to mates just as a way to share my beer without being out of pocket as well as sharing nice beers. I am hoping to do this legally and realise it would mean getting a license. + + +So for my question, if my brew is not profitable would I still pay excise? I could not find a specific answer on the ATO website which makes me think you probably still pay it. + +And if you do still pay it, is it "tax deductible" from you income tax? So if I were to sell it at the same price it costs to make it, then I pay the excise, the excise would be considered a cost and I could claim it at tax time? +He is recently divorced, down on life and leaving real estate. + +We want him to work 3-4 days a week in a job that will bring him joy and satisfaction. + +He loves talking to people but isnā€™t tech-savvy. + +Any ideas would be greatly appreciated +Context: portfolio 75k roughly, + +32 shares of Apple @ $131.72 USD/ +32 shares of ABNB @ $145/ +1 share of AMZN @ 3474/ +9 shares of BABA @ $242/ +12 shares of DIS @ $174.50/ +100 shares of EDR @ $25/ +240 shares of ENB @ $49.60/ +100 shares of FLUX @ $11.95/ +90 shares of FUBO @ $32.60/ +986 shares of HITI.V @ $10.14/ +1000 shares of NUMI.V @ $1.15/ +185 shares of PLTR @ $24.90/ +100 shares of RKT @ $22/ +13 shares of SQ @ 164/ + +My only overall market exposure through ETF is: + +67 shares of VFV @ $93.66 & +120 shares of HXQ @ $51.39 + + +I have a minimum 5 year time horizon. All the original individual stocks I selected is from when I began investing last year, thinking I could beat the overall market. When I look at the list of individual holdings I still remain incredibly bullish on all the holdings (except RKT, and BABA due to China crackdown). However, most of these stocks have underperformed the S&P/ NASDAQ since last year and it makes me question whether I should keep my conviction and continue holding, or if I am only trying to convince myself that one day these stocks will shine and outperform the overall market. + +My next steps are too only contribute my TFSA to high dividend stocks like BCE, or continue buying the overall market. However, these individual stocks comprise a large part of my portfolio and all the time and research I put into these companies feels wasted when I could have stuck the money into overall market ETF and outperformed. + +Looking for advice from people who have been in the game much longer than me, and this reddit page is incredibly supportive. Sorry for the long scripture post, but I believe there are others in my shoe with the same questions and I would love to get a convo going about this. +So I bought them @ 484 and I feel like kicking myself rn because of the dips. Only thing for me to do is to embrace the HODL + +Edit: Thanks for all the good vibes, I'm definitely not gonna sell and HODL on +It's not just active users. The vast majority of people using this sub to pick stocks are not posting and commenting, they're lurking. So yes, paid pumpers have good reason to be posting here and it can make a huge difference. +My fiance has been getting into woodworking and creates really unique and amazing interior pieces. He'd like to take that full scale if we FIRE. + +I haven't been able to decide but I'd like to open up a unique and high quality local bakery with an attached cafe and/or become a vertical garden designer. + +Because of this, our FIRE needs are going to be higher so we can support ourselves and our businesses (if they aren't generating profit). For the cafe/bakery, we're thinking of buying a building and renting it out so that when its time for me to open my shop there will be lower costs. + +Is anyone going through this path of FIRE in order to pursue a profession that might not have much demand/difficult? + + +Segwit will activate shortly for Bitcoin. Why fork when a tested and universally accepted technology hasn't had a chance to prove its efficacy? + +8X hasn't proven that a Bitcoin user can buy a cup of coffee any easier. If fact I would say it's more difficult since fewer merchants accept it. + +Both Segwit 2X and 8X are attempted coups by large miners using FUD and twisted propaganda. They claim miners should control Bitcoin They claim that core devs and Blockstream control bitcoin even though everything the core devs proposed is open for review and debate. + +Autoworkers used to strike to get there control over automakers. This steered those companies into bankruptcy and to diversify into global labor pools. Air traffic controllers tried to shut down air travel to get what they wanted and were all fired and replaced. Extortion and forks don't work when rooted in self interest. + +Notify your exchange or hardware provider that signed the agreement and let them know that you don't support Segwit 2X and won't support any company that does. You hold the power in your financial strength. + + + +Iā€™ve seen complains about people that are wheeling stocks that are way down from their assigned prices. + +So here is a thought, assuming you can not longer sell meaningful premiums at your assigned strike then why donā€™t you just sell calls at the lower strike and if assigned just sell a put at the same strike? + +Wouldnā€™t that help you ā€œrecoverā€ faster? How would the wash sale rules apply under that scenario? +I've seen 20-25, but also around 10. Do you base it on what type of credit spread you're doing (vertical, calendar, diagonal, etc)? + +Killing time yesterday, I was watching a video where the guy said use a delta around 20-25, and on the case study he used, max profit was $28, and max loss was $172. Of course he says 'manage your trade', however....... + +If you have a win probability on this trade of 75-80%, BUT the ratio for this trade is 16% $28/$172, this seems like a bad trade. Am I looking at this incorrectly? Put another way, you win $28 4 of 5 times, for $112, but the 5th time you lose $172. I understand he 'says' to manage risk, but that 5th time can easily be where the underlying gaps massively at the open and you don't have a chance to manage it. + +Yes, I've read through the threads saying most people lose on vertical spreads. I get that. I'm just trying to build up knowledge and understanding at this point - learning the basics and getting a solid foundation before moving on. Thanks. +Many people write options and like to close their trade at 50 pct gains, which is great, but there are better ways to take the gain without closing the trade, thus accessing additional profit for the same capital risk. Let's use hypothetical prices here to simulate what I'm talking about. + + +Let's say you wrote the 100.00P on a stock and received $10.00 a contract. After weeks of holding, your contract is now worth only $5.00. Great, you take 50 pct gains, but, there's a way to take your gains WITHOUT closing the trade. Consider BUYING a long put that creates a bull put spread that has a max loss of $5.00. + + +Again, using hypothetical prices, a trader can buy the 96.00P for $1.00. This would be a $4.00 wide spread with a cost of $1.00 for a potential max loss of $5.00, the same amount as the cost to close your 100.00P. + + +Let me further explain using basic accounting journal entries assuming a cash balance of $0.00. +What most traders do: + + +Day 1:Write the 100.00P for $10.00 and receive $1,000. +Day 2: Buy it back for $5.00 for a net profit of $500. The cash balance in the account is $500. + + +What you should consider doing: +Day 1: Write the 100.00P for $10.00 and receive $1,000. +Day 2: Buy the 96.00 P for $1.00. This is a debit of $100. Cash balance is $900. +Day 3A: If the stock goes below $96, your broker will buy and sell the stock for a net difference of $4 a share, or $400 loss. The cash balance in the account is $500, again, the same amount had you closed the put on day 2. +Day 3B: If the stock remains above $100, the option should expire worthless. Cash balance is $900, which is $400 more. + + +This trade allowed you to access the rest of the theta without closing the trade for the same capital risk. + + +Those that can access a reward ABOVE the risk to reward ratio will gain a huge advantage in the long-run. Remember that turning an uncovered put into a spread will increase the buying power to almost the same amount as closing the entire trade, and so, there's actually very little difference, aside from commissions, that make closing a winning trade not the best choice. +I was looking at HPQ when I realized that the leading PC seller by market share is Lenovo. After looking at the stock it seems really cheap, even cheaper than HPQ + +\- forward pe: 5 + +\- dividend: 5% + +\- Incredible growth + +\- \* a bit of share dilution + +&#x200B; + +What am I missing? (other than it is Chinese) +Occidental Petroleumā€™s Vicki Hollub fended off a shareholder revolt led by Carl Icahn. Lifted by rising crude prices, she now has the confidence of Warren Buffett. + +&#x200B; + +By BenoĆ®t Morenne and Cara Lombardo + +Sept. 10, 2022 12:00 am ET + +&#x200B; + +Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers. Struggling with debt from an ill-timed $38 billion deal, Chief Executive Vicki Hollub was fending off activist investor Carl Icahn, who controlled two board seats. + +&#x200B; + +Two years later, the company has emerged as the top performer in the S&P 500, and Ms. Hollub has traded Mr. Icahn, who sold all of his Occidental shares in March, for Warren Buffett, whose Berkshire Hathaway Inc. now owns nearly 27% of the company. + +&#x200B; + +It was touch and go for a time. Months before the pandemic took hold, she implemented widespread layoffs. To stave off bankruptcy after oil prices collapsed in 2020, she slashed spending and nearly eliminated Occidentalā€™s once-sacrosanct dividendā€”ā€œthe biggest and toughest decision that I made and Iā€™ve ever made in my career,ā€ she said in an interview. + +&#x200B; + +Her 2019 acquisition of rival Anadarko Petroleum Corp., which Mr. Icahn called a ā€œdisaster,ā€ has given Occidental the dominant position in the largest U.S. shale-oil field, the Permian Basin. Lifted by climbing oil prices, Occidental generated a record $4.35 billion in free cash flow and $3.7 billion in profit in the second quarter. It has cut its debt to $22 billion from nearly $36 billion a year ago. + +&#x200B; + +Oil-and-gas producers have reported banner profits this year, even as a global energy crisis sparked by Russiaā€™s invasion of Ukraine has threatened to derail European industries, left the U.K. facing its worst economic crisis since the 1970s and forced the Netherlands, Germany and India to rely heavily on coal to make up for a dearth of natural gas. + +&#x200B; + +But Ms. Hollub, the first woman to be CEO of a major U.S. oil company, says she doesnā€™t feel vindicated. ā€œI just feel relief,ā€ she said. ā€œThere were a lot of doubters.ā€ + +&#x200B; + +Mr. Buffett has publicly lauded Ms. Hollubā€™s leadership. After she detailed the companyā€™s future plans for analysts in February, Mr. Buffett told his own shareholders, ā€œWhat Vicki Hollub was saying made nothing but sense.ā€ Last month, Berkshire received regulatory approval to buy up to 50% of the oil companyā€™s shares, spurring speculation it might seek to purchase all of Occidental. + +&#x200B; + +On Friday, the conglomerate reported it has bumped its stake in Occidental to 26.8% from a little over 20%, according to regulatory filings. + +&#x200B; + +Mr. Buffett declined to comment for this story. Ms. Hollub said she has ā€œtremendous respectā€ for Mr. Buffett, adding that ā€œhe will be very beneficial for us as we go forward.ā€ She declined to discuss the possibility of Berkshire purchasing the entire company. + +&#x200B; + +Some former investors remain skeptical, saying a spike in oil prices has rescued the company, not Ms. Hollub. + +&#x200B; + +ā€œI have nothing personal against Vicki,ā€ Mr. Icahn said in an interview. ā€œHowever, that will never change my mind that she should not have made a bet-the-company investment by way of overpaying for Anadarko.ā€ + +&#x200B; + +A University of Alabama graduate, Ms. Hollub joined Occidental in 1982 and soon found herself running operations in Russia and Venezuela. She almost got laid off in 2003, but Todd Stevens, an executive at the company who had followed her rise, arranged for her to lead a team evaluating acreage in Colorado, said Mr. Stevens, who has since left. + +&#x200B; + +Ms. Hollub became known as a hard worker, once spending three weeks straightening out operations at a new gas fieldā€™s first well, said Donnie Enns, a former geophysicist who worked under her. ā€œNobody worked harder than Vicki,ā€ he said. She also found time to run an office March Madness basketball pool. + +&#x200B; + +After being named CEO of the company in 2016, Ms. Hollub departed from her predecessorā€™s preference for low-risk, ā€œbolt-onā€ transactions. A little over a year into the job, she started courting Anadarko, an oil producer of comparable size, for a deal. + +&#x200B; + +She outflanked larger Chevron Corp. in a bidding war that riveted the oil patch, offering $5 billion more than her rival for Anadarko and its prized assets in the epicenter of U.S. shale production. Yet victory came at a steep cost. + +&#x200B; + +Some of Occidentalā€™s largest shareholders decried the dealā€”especially a pricey loan from Mr. Buffett in the form of $10 billion in preferred stock paying 8% annually in dividends, or $800 million. Ms. Hollub negotiated the funding at the eleventh hour after meeting with the financier in Omaha, Neb. Mr. Icahn, who first bought stock as the Anadarko bidding war came to a close, wrote to Occidental shareholders that ā€œBuffett figuratively took her to the cleaners.ā€ + +&#x200B; + +Ms. Hollub acknowledged the deal damaged the companyā€™s standing with some investors. ā€œI was never offended at the fact that our shareholders were skeptical,ā€ she said. + +&#x200B; + +But she said she never doubted the wisdom of the acquisition, even after it sparked an investor revolt that created an opportunity for Mr. Icahn. + +&#x200B; + +Central to Ms. Hollubā€™s strategy was building on Occidentalā€™s already-large position in the oil-rich Permian of West Texas and New Mexico. She believed purchasing and drilling a huge swath of new acreage, much of it near the companyā€™s existing assets, would give Occidental economies of scale and allow it to outperform Permian rivals. Occidental, she said, was one of the most technologically advanced drillers in the field; it would turn Anadarkoā€™s undeveloped assets into oil-gushing wells. + +&#x200B; + +By the end of 2019, the oil producer said it was making progress on its merger goals. It had divested itself of more than $6 billion in assets, including stakes in a liquefied natural gas export project in Mozambique and in a Houston-based pipeline company. Occidental recorded single-day and monthly production records in the Permian and other oil fields. Occidental announced its 182nd consecutive quarterly dividend, which Ms. Hollub noted at the time that ā€œfew other companies can claim.ā€ + +&#x200B; + +Ms. Hollub believed the merger was on track, but investors remained skeptical. From the time of Occidentalā€™s counteroffer for Anadarko in April 2019 to February 2020 Occidentalā€™s stock fell around 35%. Then the global pandemic took hold. + +&#x200B; + +As billions of people around the world began to lock down, demand for oil plummeted. In the spring, oil prices reached historic lows, briefly turning negative for the first time ever as traders paid counterparties to take oil off their hands. Falling demand for their product hammered oil-and-gas companies, forcing dozens into bankruptcy. + +&#x200B; + +Every day, Ms. Hollub would drive to Occidentalā€™s Houston offices in her red Jeep Wrangler, said Glenn Vangolen, a former senior vice president at Occidental and close adviser to the CEO. Mondays and Fridays, she and her lieutenants would mask up and gather in a conference room to discuss operations. Her office was spartanā€”a mostly bare room, except for a TV playing business news on mute, and a plush stuffed version of a costumed elephant, the Alabama Crimson Tideā€™s mascot, Mr. Vangolen said. + +&#x200B; + +Occidental was in a worse situation than many of its peers: At the end of 2019, its long-term debt of about $39 billion was equivalent to roughly four times its earnings, excluding interest, taxes and other accounting items, quadruple the ratio from a year earlier, S&P Capital IQ data show. The divestitures it had planned on to pay it down were no longer viable as assets were losing value. + +&#x200B; + +Ms. Hollub said that Occidental made a lot of the difficult decisions before the pandemic to mitigate the downside risks of the Anadarko acquisition, including hedging a portion of its oil production and bumping its line of credit to $5 billion. But the company still faced painful months ahead as it had barely enough cash on hand to meet debt maturities coming due in 2021 and was later forced to hire restructuring advisers. + +&#x200B; + +Ms. Hollub moved to cut her executivesā€™ salariesā€”including her own by 81%ā€”offer employees voluntary buy-outs, slash expenses in the oil patch and cancel employee perks. She also cut the dividend, which rankled investors. + +&#x200B; + +Mr. Icahn amplified his calls for Ms. Hollubā€™s ouster and said he would seek to replace the entire board of directors at the companyā€™s annual meeting. As the oil producerā€™s stock plunged to under $10 from around $45 before the pandemic, Mr. Icahnā€”facing paper losses of about $1 billionā€”doubled down on his shares, boosting his stake to roughly 10% from about 2%. + +&#x200B; + +After a price war between Russia and Saudi Arabia caused oil prices to plunge below $25 a barrel in March, Occidental reached a settlement with Mr. Icahn. The deal gave board seats to two of his deputies and added another director, required Occidental to create an oversight committee that must be informed of any offers to acquire the company or its assets, and replaced the board chairman with Stephen Chazen, Ms. Hollubā€™s predecessor as CEO. + +&#x200B; + +Mr. Icahnā€™s camp pushed for Occidental to give its shareholders warrants that could allow them to buy discounted shares in the future. After he prevailed, Mr. Icahn received roughly 11 million warrants initially and bought more when they were worth around $3. + +&#x200B; + +Mr. Vangolen said Mr. Icahnā€™s demand for warrants was part of the investorā€™s ā€œraider playbook,ā€ which he described as ā€œtrying to extract as much cash out of the business as you can before you bail.ā€ + +&#x200B; + +Mr. Icahn said that all the shareholders who rode the stock down deserved something for their loyalty. + +&#x200B; + +As the pandemic dragged on, Occidental logged a roughly $14.8 billion loss for 2020, its largest on record, according to S&P Capital IQ data. Still, it continued to whittle down its mammoth debt, closing around $2.5 billion in asset sales at the end of 2020. Anadarkoā€™s assets, meanwhile, were starting to shine, with production in the Permian reaching the high end of company estimates. + +&#x200B; + +Even as Ms. Hollub wrestled with Mr. Icahn, she was building a relationship with Mr. Buffett. + +&#x200B; + +In 2020, she traveled to Omaha to discuss Occidentalā€™s long-term strategy with Mr. Buffett, according to a person familiar with the meeting. The investor expressed a strong interest in the companyā€™s goal to become a leader in carbon capture, this person said. + +&#x200B; + +Occidental says it has no plans to stop producing oil but also aims to be a leader in ā€œcarbon management.ā€ It wants to develop 70 plants by 2035 to suck carbon dioxide out of the air, store it in the ground and sell carbon credits to businesses seeking to offset their own emissionsā€”a technology still in its commercial infancy that received a boost thanks to tax credits included in the climate package President Biden signed into law last month. The company also plans to use the gas to squeeze more oil from underground. + +&#x200B; + +Then, in late February of this year, Russia invaded Ukraine. + +&#x200B; + +The war propelled oil prices to their highest level in years, with Brent crude oil topping $120 in March, translating into a windfall for oil companies. In the first quarter of the year, Occidental made roughly $4.9 billion in profit, its highest quarterly earnings on record, according to S&P Capital IQ. + +&#x200B; + +The company now holds the most acreage across the Permian, with leases covering about 2.8 million net acres, according to data firm Enverus. Its domestic oil output in the second quarter of this year was up roughly 80% compared with before it acquired Anadarko, Occidental reported. + +&#x200B; + +As Occidentalā€™s stock rose above $50 a share in March, Mr. Icahn sold his common stake. The investorā€™s two representatives on Occidentalā€™s board also resigned, as was required by the settlement agreement. Mr. Icahn made over $1.5 billion on his investment and still holds some warrants, according to public filings and people familiar with the matter. + +&#x200B; + +As Mr. Icahn got out of the stock, Mr. Buffett bought in. In May, Berkshire reported it had purchased roughly $8 billion worth of shares. + +&#x200B; + +Mr. Icahn said that Mr. Buffettā€™s investment could be ill-timed. ā€œI respect Buffett a lot but I think buying this stock at this level is obviously not like buying warrants at $3,ā€ he said. ā€œI made a great deal of money on my investment in Occidental, especially with the warrants, and activism worked in that regard,ā€ he said. + +&#x200B; + +Ms. Hollub and Mr. Buffett have developed a personal relationship and the two talk periodically, said Mr. Vangolen. Ms. Hollub said in an interview she had no personal relationship with Mr. Icahn when he was an investor, and that he turned out not to be the kind of long-term shareholder the company prizes. + +&#x200B; + +Mr. Icahnā€™s retort: ā€œShe came very close to not being a long-term shareholder also, because her ill-timed investment put the company on the brink of bankruptcy.ā€ + +&#x200B; + +\---Akane Otani contributed to this article. +So everyone are waiting for tuesday inflation report. I am strongly exposed to growth stocks so I am considering to diversify more. I do own some value, but I was eager to build a position in REITS as they have lower correlation with other sectors, and in fact there are still underpriced picks in the market imo, also as a recovery play. Question - are reits a good pick in case inflation manifests, i am not literate enough to think of all the possible scenarios how it will affect their profits, would like to hear yours opinion. +So I recently saw a video by Sven Carlin that focused on small cap stocks using a certain formula. I made a screener and this stock popped up in it and it's definitely gotten my attention. I will look into it a lot deeper myself but thought I could ask this sub if anyone has any opinions on it. + +Gravity Co is a South-Korean game developer that focuses mainly on the Asian market but is also distributing internationally. The formula that Sven Carlin gave to find good small cap stocks was as follows; + +\- Revenue has doubled in 10 years (in the case of GRVY, 50mm in 2011 --> 371mm in TTM) + +\- Earnings have tripled in 10 years (13mm --> 70mm) + +\- EPS have quadrupled in 10 years ($1.87 --> $10.11) + +\- Free cash flow yield > 10% (12,9%) + +Now something that plays a big part in the attractiveness of this company is their balance sheet; their cash + accounts receivables equals to 255mm with total liabilities of 72mm which makes for excess cash of 183mm. Taking this into account, their actual market cap goes from 427mm to 244mm. This then means that their TTM FCF yield is actually 22,5% and their TTM P/E is 3,7. + +For the (possible) downsides that I ran into in this very short time I've had to take a look at it. Revenue had been stagnant and actually slightly declining for the period 2010-2016 before more then tripling in 2017, then growing steadily but quickly in the following years. This sudden rise in revenue seems to have come from a single series of games they have published, meaning revenue is mostly coming from that single series. This means that revenue could fall again very easily. Furthermore, earnings were not positive in the period 2012-2016, again signaling that earnings may rely a lot on that single popular series. + +That being said, a 'real' PE of 3,7 seems super low for a company that has been increasing revenue and earnings steadily over the last 5 years. I will dig deeper into this for sure but was hoping to find others that know this stock or have anything they would like to add to this (albeit very, very consise) post. + +Thanks! + + +I'm bullish on sleep apnea stocks. Over a billion people have sleep apnea worldwide, it goes undiagnosed in 80% of cases, and increases the risk of the leading causes of death such as heart attack, stroke, cancer, accidents, and diabetes. I personally believe this sector will do well as millennials age and awareness increases on social media. The sleep apnea devices market is expected to have a [CAGR of 6.2% from 2021 to 2028](https://markets.businessinsider.com/news/stocks/sleep-apnea-devices-market-size-worth-6-1-billion-by-2028-cagr-6-2-grand-view-research-inc-1030292947). Resmed is the worldā€™s top CPAP manufacturer. CPAPs are the most effective treatment for sleep apnea. + +Resmed (RMD) is my number one holding in my portfolio. I think they have a decent chance of growing to be as large as a company like Eli Lilly within the next 10-20 years. It all depends on whether or not the US Government decides to pursue a mass screening approach for sleep apnea. This is currently being debated in the [US Preventative Services Task Force](https://www.uspreventiveservicestaskforce.org/uspstf/draft-update-summary/obstructive-sleep-apnea-adults-screening). To reiterate, about a billion people worldwide have sleep apnea and it goes undiagnosed in about 80% of cases. [Check](https://pubmed.ncbi.nlm.nih.gov/31300334/) this article on pub med. + +My mid cap holdings: + +1) Resmed (RMD). + +2) Koninklijke Phillips (PHG). Also a CPAP manufacturer. + + +My higher risk growth plays are below: + +1) Inspire Medical (INSP). They created an implant for sleep apnea, analogous to a pacemaker, to keep airways open at night. I think they have a good shot long term. + +2) LivaNova (LIVN). UK equivalent of Inspire Medical, but their business is more diversified. + +3) Nyxoah (NYXH). Super risky and less proven than Inspire, but less invasive of a product. Some of their startup capital came from Resmed. + +4) Vivos Therapeutics (VVOS). Ultra small cap and could go bankrupt, but more risk more reward if their business pays off. They have a product thatā€™s like a mouth guard, that expands airways to help prevent sleep apnea. They rely on dentists to diagnose and sell the product. + +5) Sleep Number (SNBR). Thereā€™s some press that the company will develop more sleep tech to help with sleep apnea. My hope is that the company tries to acquire #3 or #4 to have a more integrated sleep solution. + +I own all these companies with Resmed and Inspire being the bulk of my portfolio. Iā€™m bullish on the space, but recognize that some of the small caps could have issues if not out right bankruptcies. + + + +*Not financial advice. This is for entertainment/educational purposes only. Do your own research and consult with a financial professional if necessary. Be skeptical of everything that you read online. +**May 6, 2021 Edit: Big thanks to Nate from WallStreetZen for looking into this and posting (below) details about how WSZ calculates the Ben Graham Formula!** + +*Note that this is not meant to be a discussion about the validity of using Graham's formula as originally written in the "Intelligent Investor." This is more a discussion/question about why my formula calculations are drastically different than WallStreenZen's calculated values of the said formula.* + +I recently discovered the site [WallStreetZen](https://www.wallstreetzen.com/) (WSZ) site, which I have enjoyed using, but I am having difficulty reproducing their calculated values of the Benjamin Graham Formula (from chapter 11 of the ā€œThe Intelligent Investorā€). For reference, the formula (page 295 of ā€œThe Intelligent Investor,ā€ revised edition, 2006) is as follows: + +Value = Current (Normal) Earnings \* (8.5 + 2*g*) + +where *g* is the expected annual growth rate and ā€œCurrent (Normal) Earningsā€ is usually meant to be EPS (ttm). + +On WSZā€™s [Benjamin Graham Stock Screener](https://www.wallstreetzen.com/stock-screener/ben-graham-stock-screener), they list a number of companies trading below the intrinsic value of the above formula (at least, as they calculate it). For example, Universal Logistics Holdings (NASDAQ: ULH) currently trades at $24.27, but has, according to WSZ, an intrinsic value of $488.94. This seems preposterous. Based on my application of the Graham Formula, the intrinsic value should be closer to $50. + +ULH Intrinsic Value = $1.78 \* (8.5 + 2\*10%) = $50.73 + +where $1.78 is the EPS (ttm; Yahoo Finance) and *g* = 10% (which is lower than the consensus yearly growth estimate of 13.2%, according to Yahoo Finance) + +Even if I use the [adjusted Grahamā€™s Formula](https://www.oldschoolvalue.com/stock-valuation/benjamin-graham-formula/), the final valuation is $72, still well under WSZā€™s $488 value. + +Adjusted ULH Intrinsic Value = ($1.78 \* \[7 + 1\*10%\] \* 4.4) / 1.85 = $71.97 + +where the EPS (ttm) is $1.78, *g* = 10%, 4.4 is the minimum rate of return (a formula constant), and 1.85 is the US corporate AA effective yield (according to YCharts). + +**Does anyone know how WSZ is getting such an inflated value for ULH?** Many of their other Graham Formula intrinsic value calculations are also extremely high (itā€™s not just ULH). If anyone knows the calculation/details behind their calculation, I would be really interested in hearing about it. I might reach out to WallStreetZen directly via the contact email on their website, too. + +Thanks! + +NOTE: I have no involvement with WallStreetZen and this is neither a recommendation for or against their site. Additionally, WSZ is *not* a ticker symbol, just an acronym for WallStreetZen. +All the mid-small cap companies in the appearall retail sector look really undervalued. Quick ratio's are sometimes a little low but it's retail so that's to be expected. Other than that I couldn't really find anything so does anyone know why that is or is the market just not paying attention to the sector? +I was talking to somebody on here recently about convictions and long term plays and what to do when the market behaves irrationally (as it always does). On other parts of reddit here, you see a lot of gambling and growth stocks, and we've seen the effects of what happen when these stocks get dropped by the institutions and everybody starts to run scarred. The number of posts on Reddit from people down so much on their portfolios and the fear they have is understandable. They bought into hype companies that are very fickle when the growth even gives an inkling of drying up. + +But what about companies that seems fundamentally sound? What do we do when our positions on those drop dramatically. At the beginning of the year, 1-800-FLOWERS (FLWS) got on my radar. Over the last decade, FLWS has maintained impressive growth over the last decade. Over 10% revenue growth consistently each year. Earnings is almost 20% year over year in the last decade. An impressive 15% year over year return on investment capital. Free Cash Flow from 27 million to 125 million in the last 5 years. I calculate their cash flow for owners to have grown about 589 million in the last 10 years over an increase in the same period of 148 million on long term debt. They are using debt and appear to be using it smart. There are questions about the business model they have and the moat surrounding it, but I think with FLWS, it's not so much a buy and hold play as it is a buy at a discount and sell when the market recognized its value type play. Very much a $.50 on the $1.00 play. + +However, like all companies that sell tangible things right now, the pandemic and supply chain issues caused them to lower their guidance for the year from 10% revenue growth to 7-9%. And the stock tanked... hard. It was down 30% at open today. + +However, even if we look at growth of earnings and imagine them increasing at just 5% year over year, in 10 years, we are looking at the potential of earnings per share going from 1.78 to 3.04. At a hypothetical PE of 10, this would be around $30. A PE of $15 would be $45. The stock is currently going for $15. At a minimum, I believe it's a 10% a year return. At a conservative good case scenario, It's around 15%. I think the potential is there to be even better. + +I bought in around $20. I bought more today at $15. I think the market presented a great long term buy here based on short term issues outside of its control. And if my thesis is wrong and the company cannot continue to grow at even half the amount it's grown in the last decade, the last 5 being exceptional, then you are buying in at a good margin of safety. + +Someone brought up FLWS here the other day. I think it's worth anybody taking a look at what the market presents to you. +I was talking to somebody on here recently about convictions and long term plays and what to do when the market behaves irrationally (as it always does). On other parts of reddit here, you see a lot of gambling and growth stocks, and we've seen the effects of what happen when these stocks get dropped by the institutions and everybody starts to run scarred. The number of posts on Reddit from people down so much on their portfolios and the fear they have is understandable. They bought into hype companies that are very fickle when the growth even gives an inkling of drying up. + +But what about companies that seems fundamentally sound? What do we do when our positions on those drop dramatically. At the beginning of the year, 1-800-FLOWERS (FLWS) got on my radar. Over the last decade, FLWS has maintained impressive growth over the last decade. Over 10% revenue growth consistently each year. Earnings is almost 20% year over year in the last decade. An impressive 15% year over year return on investment capital. Free Cash Flow from 27 million to 125 million in the last 5 years. I calculate their cash flow for owners to have grown about 589 million in the last 10 years over an increase in the same period of 148 million on long term debt. They are using debt and appear to be using it smart. There are questions about the business model they have and the moat surrounding it, but I think with FLWS, it's not so much a buy and hold play as it is a buy at a discount and sell when the market recognized its value type play. Very much a $.50 on the $1.00 play. + +However, like all companies that sell tangible things right now, the pandemic and supply chain issues caused them to lower their guidance for the year from 10% revenue growth to 7-9%. And the stock tanked... hard. It was down 30% at open today. + +However, even if we look at growth of earnings and imagine them increasing at just 5% year over year, in 10 years, we are looking at the potential of earnings per share going from 1.78 to 3.04. At a hypothetical PE of 10, this would be around $30. A PE of $15 would be $45. The stock is currently going for $15. At a minimum, I believe it's a 10% a year return. At a conservative good case scenario, It's around 15%. I think the potential is there to be even better. + +I bought in around $20. I bought more today at $15. I think the market presented a great long term buy here based on short term issues outside of its control. And if my thesis is wrong and the company cannot continue to grow at even half the amount it's grown in the last decade, the last 5 being exceptional, then you are buying in at a good margin of safety. + +Someone brought up FLWS here the other day. I think it's worth anybody taking a look at what the market presents to you. +I was wondering what you guys think about this company. BASF SE is a chemical company located in Germany and at the same time the largest chemical company in the world. + +P/E ratio of 7.42 (share price has fallen to 2010 levels) + +They pay a dividend (7.51%) - a dividend per share of ā‚¬3.40 which has been increased since 2015 - apart from 2020 and 2021 where it stayed the same + +What do you think? +And if you do - What happens if you have to buy the stock? Do you need to hold the stock for a certain amount of time or can you just sell it right away? +I was wondering what you guys think about this company. BASF SE is a chemical company located in Germany and at the same time the largest chemical company in the world. + +P/E ratio of 7.42 (share price has fallen to 2010 levels) + +They pay a dividend (7.51%) - a dividend per share of ā‚¬3.40 which has been increased since 2015 - apart from 2020 and 2021 where it stayed the same + +What do you think? +Vitalik Buterin is coming out against a proposal that would find the blockchain he created changing its software to limit the performance of mining hardware designed to yield a greater cut of the network's rewards.[www.coindesk.com](https://www.coindesk.com/no-action-vitalik-opposes-plan-disable-ethereum-asics/amp/) +Since when has this sub devolved into [this](https://np.reddit.com/r/ethtrader/comments/4kwgy4/grab_your_popcorn_and_head_to_polo_watch_lisk/)? It's one thing to be a proud ETH hodler/trader/supporter and celebrate over ETH's rise in power, but viewing another crypto coin's mishaps as entertainment? + +Really? + +You realise this sort of thing is why mainstream investors don't take crypto-currency seriously. No institutional traders, in their right minds, would risk their equity on ETH when the trading community looks like a bunch of toxic, degenerate, self-scamming, circle-jerking wankers. + +Yes, 'shitcoins' exist. Yes, 'hypetrains' are plentiful. But taking pleasure in another crypto-currency's mishaps is just down right distasteful. You realise there are people out there who lost a lot of money today, and shit like this may push them over the edge into doing some irreversible damage. + +This sort of public shaming needs to stop. We, /r/ethtrader, can do better. Do this sub a favor and downvote any future garbage like the link above. + +/endrant + +**EDIT:** Guys, the point of this post was to promote constructive content, rather than fill the sub with posts that doesn't add value. If you're serious about trading/investing/speculating, then you'll realise that a positive community and good PR is beneficial for ETH's price in the long run. Anything can be constructive if you put a little thought into presenting it. +Alright you sea snakes - here we go with another episode of *School of Fish* *~~Sticks~~* *Stocks.* + +Buckle up because its going to get fukn silly - is this DD? is this a shitpost? Do i just want to beach myself and shove a starfish up my arse? fuck around and find out! + +On todays agenda the memest of all stonks - the enigma of the ASX. + +# Delecta Ltd. + +So question im sure you all buzzing with is - wtf they do Stinky? +A copy pasta from their 'about the company' listing on the asx produces this fukn gem: + +Delecta Limited (DLC) is a provider of adult products in Australia and New Zealand. DLC' s products and services include vibrators, sex toys, essentials, DVDs, books, video on demand, lingerie, lubricants, games & giggles, adult telephone services and a dating site. It is also into Mining exploration and evaluation. + +Dildos, Lube and Copper. Brilliant. +Is this serious? you bet your fukn coral reef it is. + +Their website might have given me an STI though - so log in at your own risk (possibly crabs šŸ¦€šŸ¦€) +[http://delecta.com.au/](http://delecta.com.au/) + +Right - but wheres the fuckn money at? whats your angle? how is this working out? + +heres the scoop though.... COVID has actually been a bonus for these guys. Y'all might be saying "Stinky you retarded fuck.. how much many cock rings could they possible be selling??" +Answer: A lot.... Their financial report for EOFY 19/20 showed an increase in 9% to their wholesale revenues for this division to record a \*drum roll\* .... **$16.6mln revenue**. + +My take on this - bruh - OnlyFans and SnapChat private are the pathrway to our success. Ya'll wanna see the same old toys over and over? NAH. The girls fukn know it bros. Working from home never been so sweet for DLC. money in the muthafucking bank. Can only go tits up! + +They still running at a loss - but this shits going pretty good.... like gallons of lube to fund mineral exploration? No trading halts for CRs thats for sure. + +Next - what do all vibrators need? fuuuukkk brruuuhhhh only what asx\_bets has been pumping for the last 10 fukn months... BATTTERRRRIIIIEEEESSSSS... +so fuck it - the gangsters on the rubber throne are like "fuck me lets buy shares in lithium." The company now owns 11 million shares in European Lithium Ltd (ASX: EUR). Sorted... distribution and supply. nailed that one. + +Ok stinky your a rigght porpoise - well check this fukn interview with the company director circa late 2017 - skip the first 1 minute though not worth the buildup: [https://www.youtube.com/watch?v=dQw4w9WgXcQ](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +Moving onwards and upwards - What else has been hyped up to dumbshittery on this forum. No DD on DLC would be close to completion without the mention of a Penis. +Pen1s +PEN15 +**URANIUM!?** +You fukn bet - DLC got their fingers wet in that too June 2020 they invested in Sunrise Minerals Inc. a US company that holds the REX Uranium Vanadium project. Results have been encouraging - read some other DD on the uranium bull market - clearly if you got this far your more intrigued than anything. + +Im blubbering on a bit here - what else you got stinky surely this cant get much sillier? + +Bruh its looser than a flat fishes gills in this muthafucker! +No dildo collection is complete without a limited edition Gold cock. As of late Jan they aquired an option to purchase the Speedway Gold project in Utah. fuck ye bitches. + +So a lessen to all you guppies out there on how to do DD... + +# Not like this + +Thank you for listening to my TED talk - Ill do a quick Q&A for anyone still reading this garbage + +Q: Am i bull on the stock? +A: honestly... its a cluster fuck and i love it. Their numbers look like a leaking ship. BUT - if one of their mining plays actually comes off... it could go long. ish... for a while at least... + +Q: Did you just actually rick roll the sub? +A: you fell for it huh? suck my tail flaps + +Q: how much do i own? +A: Fuck all - i lost a retarded bet. +74,000 shares @ 0.007 ($537) +Will sell at $1 šŸ‘ + +Q: is this serious DD? +A: DYOR GLTAH TTYL BRB šŸš€šŸš€šŸš€šŸš€šŸš€šŸ†šŸ† + +Obligatory PS: The current market cap is $7 mln but if their gross revenue from anal beads is $16 mln and their mining shares and options are worth like more than that so at least $200 mln market cap right? so if thats correct by my calculation the share price should be worth ALMOST A BAZILLIOMN TIMES ITS CURRENT VALUE + +cant go tits up + +much love retards hope you enjoyed the read + +šŸ‹šŸ’• +[https://www.rba.gov.au/media-releases/2022/mr-22-02.html](https://www.rba.gov.au/media-releases/2022/mr-22-02.html) + +TLDR: "At its meeting today, the Board decided to maintain the cash rate target at 10Ā basis points and the interest rate on Exchange Settlement balances at zero perĀ cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10Ā February." +Otherwise it's just noise, these updates/watchlists are all the same. + +We already have premarket scanners. We already know XYZ stock has gapped up premarket because earnings or positive trial results etc etc + +We are here to learn, so it would be useful if you either updated the post with the trades you took, or started your daily watchlist with what you traded yesterday. + +Just a suggestion. + +With all these watchlists popping up more often I wouldn't be surprised if the mod put them in a sticky sometime in the future. Like those "Look at my trading setup" photos that flooded the sub for a while. + +Edit: I don't mean write live trading updates/buy signals. I mean come back the next day and explain what you did with your watchlist. +I have some Sheets that I use either monthly, quarterly, or annually that I figured I'd pass along just in case they help someone out. Each sheet has a tab at the front that explains what the different tabs show and how to use the sheet. ***Please be sure to open the sheet when logged in to your Google account and go to File then Make a Copy in order to edit the sheet. DO NOT request to edit the form as the Google account associated with these is not monitored so I won't get the request.*** + +First is [my monthly budget sheet](https://docs.google.com/spreadsheets/d/1-gNKRBoqizEscuzN_pFQg819wIg3xXN3glhG0-ilFBw/edit?usp=sharing) that I've been using since 2017 and it's been through different variations from when I originally found it online, and now it's a completely different animal and unrecognizable from where it started. The main page is your typical annual budget with columns for the months and a bunch of categories and sub categories for ease of keeping track. There is also a neat page of graphs that show various spending habits to give a nice visual of your budget. The page to record credit card charges is optional and isn't tied to the budget or charts, but it helps me keep track and categorize my charges. I'm happy to say that by using this (and disregarding my cash-out refinance and home renovations, which netted to nearly $0), my 2021 budget was just about spot on with about +$300/mo. in income and +$300/mo. in expenses. + +Second which I update annually is [my retirement calculator](https://docs.google.com/spreadsheets/d/1o4bnGFE3qVLhvzGR3Gow9nuWOXRJRa3Sk3s23toSSRw/edit?usp=sharing). I originally shared this one to this sub about 3 years ago and after a few minor changes and tweaks, I feel like it's a solid spreadsheet for calculating your retirement savings. You simply fill in the orange boxes at the top, and the sheet auto fills with the various calculations. As I mention in my information tab, this is a fairly basic spreadsheet so variables such as taxes, or being born prior to 1954 (change in SS income), are not factored in. I also found information from the SSA about a reduction in SSI which I **did** factor in, even though I don't think it's considered "official" yet and only a forecast by the SSA. + +Third which I update quarterly is [my 401k and IRA ROI analysis](https://docs.google.com/spreadsheets/d/1ypUbE0eASXduM9HRrP_Wqxcxle4uHT0r9nvD32hnkDs/edit?usp=sharing), which really helps put into perspective compounding interest, and the benefit of employer matches and investing early and often. This one is also fairly basic as you simply put in your contributions, employer match (for 401k only), the gain/loss on the quarter/year, and any other changes during the period (fees, reinvested dividends, etc.) and it does a few calculations to show your return on investment using various inputs and calculations. I also included graphs for each of the 401k and IRA tabs that give a nice visual of your savings. I really like the graphs as not only do they show your total investment, but it breaks it down so you can see from where the total balance is made up. + +Last up is [my net worth tracker](https://docs.google.com/spreadsheets/d/1V_luU_xJ1YAJw20p4CzeTxTl8BHthbNEsPj9rzE3XtE/edit?usp=sharing) which I also update annually. This is about as simple as you can get and I probably could have used any of the thousands online, but I figured since I am messing with my other sheets at the same time, I may as well whip something up to track my net worth as well. Like most net worth spreadsheets, you simply enter in all your assets and liabilities, and it takes the difference to show your net worth. I added a graph below the input area for a nice visual overview over the years. + +If you have any questions, or if you found any issues, let me know. + +EDIT: Updated the NW tracker to have the years in the graph update with the years in the chart above. +I recently came into a small inheritance from a grandparent. As this the first time Iā€™ve ever received any sort of lump sum of money, I am looking for advice on how to invest it. + +I currently split my investments by VEQT and VAB indexes (depending on my age). My parents however recommended I buy Canadian Bank stocks because of the dividends. + +Does anyone have any advice on if I should continue with my index strategy or if I should diversify with some Canadian Banks? +Any thoughts on timing on when to invest? + +Thanks! +Edit: Holy $&#@ this blew up. Thanks for all the comments. I'm taking them all to heart and this has given me a lot to think about - particularly the longevity of my business vs the longevity of having a career. Thanks all and keep it coming. + + +I was always raised with this premise. You go to college, get a good job, get married, have kids. And that's the way it goes, my mom said. Well, I did go to college for something I don't really care for. Before I graduated, I got married and had kids. I'm graduated now, but couldn't find a job for a year so I gave up and am still working retail. + +I have a business online (this alone profits more per month than I make working full time and the business takes significantly less time) that makes good money and I'm looking to start another with the intention of leaving my full time, lowish paying job with benefits to work online. I don't want to be away from my family 40 hours per week. I want to work when they sleep and are on school and spend my days with them when they're awake. This goes against everything I had instilled in me when I was a kid. + +I just need some encouragement that, yes, people work from home and didn't doom their family by doing so. Some inspiring stories or tips on transition would be awesome. + +Edit: no debt, and have 8 months living expenses. +Hey there, + +I'm looking for honest feedback, I hope someone can help me out. I'm a 39 yo female who is now seriously considering investing in multifamily homes in the town where I live. I'm saving up for a downpayment and I've been reading as much as I can about house-hacking. I'm currently saving up for a 3.5% downpayment. There is something that gives me pause, however. I've never had to fix anything around the house. I've been a renter for most of my life, so even though I want to get started, I worry that I won't have enough resources to learn from or that I'll have to outsource basic repairs. It's not that I don't want to fix stuff. It's that I worry that I'll make things worse. + +All I have is Youtube and books right now. Is that enough? + +Has anyone been in a similar situation getting started? How did you all learn? Is it possible to move forward and still expect a good cashflow, provided I do the math and purchase a good property? I already know that I need some sort of property warranty. I plan on asking for one. + +Thanks in advance! +I put a down payment on a new build in early March . Since then weā€™ve watched the prices shoot up drastically. There were 19 lots available. As soon as the lots were opened we bought one . After that ,three more were sold . Then our home builder and other builders in our area froze all new orders last week . We locked in our build on March 5th . Weā€™ve been to all the meetings and have our blueprints . They start digging June 1st . Why have they stopped selling the other lots? Why have the other builders in my town stopped as well? Is there things I should be aware of ? +Was told to post this here... Looking at $900k two family with 20% down. Taxes are 18k and current tenant pays $2,750. I would live in other unit. Based on this my out of pocket each month would be lower than my current $4,200/Mo rent. Only other debt is car payment 10k at $300/mo. Does it make sense to do this? Itā€™s so expensive but at end of day I own something and pay less then currently do. Roof, hot water heater , appliances and upgraded electrical service in last 5 years +Hi, + +I am renting in the NYC area. I submitted an application for an apartment yesterday. The apartment is $2,800 / month for a studio. I spoke with the landlord today, and he asked if I could pay the entire year up-front, which would be a total of $33,600 lump sum. This sounded completely ridiculous (if not illegal) to me. I offered him to pre-pay 2 months up front, plus 1 security deposit of 1 month's rent. + +This is my first time renting in NYC. Is this even legal? Is this typical? I know that there can be some shady stuff with brokers, but the broker in this deal is agreeing with me that it is ridiculous. How is anyone going to be willing to do that, especially for a studio, and especially during economic downturn caused by coronavirus? + +What should/can I do? + + +**Update:** + +I did a lot of research on the owner as well as the broker in this apartment. The broker is reputable and seems like a good person. The owner bought the apartment in foreclosure using an LLC, and has a history of being sued > 5 times in the last 5 years. I issued a stop on the check for the application fee (which was $350... much higher than the $20 legal limit), and for the credit check ($60 / person, also illegal). The broker had not yet submitted the application, but I wanted to cover myself just in case. + +I found several great apartments without fee in a similar price range with better amenities and no glaring red flags. I'm walking away from this one, and am considering filing a complaint against the owner (who is also a RE broker, lol) +In your opinion, How long it would take someone to start making a decent living from day trading? + +I heard some ā€œguruā€ on YouTube saying, you will be making losses in the few first years and it will take you several years until you get the day trading and start making decent profit. + +Is that true ? + +I thought you might master the fundamentals in few months and are sit to go making at least 100 or 200 dollars a day on average + + +Any thoughts ? +Anyone that can give financial advice online that is real person (for fee of course) that doesn't want to move every account under their umbrella? I have a financial plan but would like to run it by someone with experience. And I don't want a freebie, just won't give someone control or access t all of my accounts. +Hello bros- + +I am asking this just to validate my understanding regarding PUBLIC universities only + +Background- +My kids are 4 years away from college and I saved decent, if not exorbitant, for the college. In-state tuition would be a breeze but may need additional funding for out of state. Also, I am not against the idea of community college but I want to clear my head with correct understanding of the concept + +I heard/gathered the following from others regarding out of state tuition +1. Out of state tuition will become in state tuition following one year of residency. Somehow I assumed this to be in state tuition from year 2 onwards. + +2. Out of state tuition will remain so for all four years because it is the parents residency that matters + +Which of the above is correct? I mean these two are polar opposite in terms of money. Appreciate your time and response! Thanks +Newbie here. I often feel like I'm not on top of my finances. Maybe it's imposter syndrome. But I want to make sure that I review my accounts on a regular basis. + +So what documents should I review and how frequently to get an idea of my accounts? I want to be on top of them and change things up before incurring huge preventable losses. + +I have credit cards, bank accounts, and accounts at a stock/investment company. I track my accounts via [Mint.com](https://Mint.com), which gives me a birds eye view of income and expenses. +So Iā€™m 20 and new to all this Iā€™ve just started a job where I save 500 and hope to invest like 500 a month which I hope is better than nothing, I have ISAā€™s and savers already. Just looking for advice on how to start investing or building a second income and what to look at or watch to steer me in the right direction. +Hello, + +My original student loan when I graduated in June 2019 was Ā£65k. + +I have held a full time job for the past two years and have been making the minimum payment (which is the issue here) and the monthly interest has caused it to raise to Ā£77.5k + +I can get behind the idea of a student loan really being a 30 year 'student tax', but ignoring this high interest debt seems foolish (?) Especially considering I'm working towards a financially independent future. + +I'm 24 and have moved back in with my parents to save money. My annual salary is Ā£65k. Should I look at making additional payments to balance the interest (4.2%) - which reduces what I can save. I'd have to be paying around Ā£600 just to maintain the account balance every month, or do I continue to make the minimum payment + +Appreciate any advice/thought here, I don't expect to someone make the decision for me, rather I'd just like to get an idea of anything that I may not of considered + +Thanks +First of all I'm not suggesting people should buy or sell their crypto right now this is simply just some simple facts and my opinion. + +I need to preface this by saying the crypto space is in a much different place than it was in at the end of 2017. More people are knowledgeable about blockchain technology and the cryptocurrency industry at large. It's come a long way in a short amount of time. + +However every winner is bound to pick up a few "glory chasers" on their way to stardom. Everyone loves a winner, especially a money making winner. And just like seemingly everyone became an overnight Golden State Warriors fan when they found amazing success with the splash bros, the same happened with crypto the last year+. People who were in the past making fun of it were suddenly asking what's the best way to buy Bitcoin. Everyone wanted in. Now many of the tag alongs who were only interested in the gains are jumping off, predictably. + +I see so many shills on this sub commenting something along the lines of "now is the time to buy" and regardless of their intentions I feel like an extremely volatile time like this is not a very appropriate time to give out biased opinion based suggestions of whether people should be buying or selling. + +Maybe this is the exact time to buy who knows but it's certainly not a time to risk money you can't afford to lose, given the history of Bitcoin. + +------------------------------------------------------- + +According to Yahoo Finance Bitcoin peaked in value on: + +**December 16th 2017** when it was valued at **$19.716** per coin. + +Then the crash began. + +Bitcoin didn't reach it's true floor until a **year later**: + +On **December 15th 2018** when it was valued at **$3.191** per coin. + +In the span of a year it lost **~84%** of it's peak value. + +It took **three years** for Bitcoin to get back to it's late 2017 peak: + +On **December 16th 2020** it finally reached the $19.716 mark again, closing out the day @ $21.310. + +No two crashes are the same. Some take years some take months others a single day. We have no idea what's going to happen but sure as the day is long this is an extremely volatile time so please be careful both with your own currency and what you recommend other people to do with theirs. + +**Edit:** + +Please take care of your mental health. If you're really going through it, talk to somebody about it, anyone, or write it in a note or on a piece of paper. Just getting the thoughts out helps. Exercise and puppy videos also don't hurt. This will all pass, it's just a matter of time and patience. +This post is not intended to spread fud, please don't take it that way. What's that saying, those who won't learn from history are doomed to repeat it or something rather. It's better to least know a little about what happened last time and be mentally prepared if it should happen similarly this time. The turn around will hopefully be quicker this time. +Itā€™s understandable if youā€™re playing with a few hundred bucks, and you are just trading for fun, but the people who are playing with tens of thousands, or even trying to trade for a living, the odds are that you will end up in tears, and severely impact your future. https://www.cnbc.com/2020/11/20/attention-robinhood-power-users-most-day-traders-lose-money.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +I've got some TA in my pocket but I'm having a hard time finding any stocks to use it on. A stock screener that shows me unusual volume or potential reasons for a stock to steadily go up for the next week or so sounds like a dream come true. +We have a 270k home, with 168k mortgage with 30 year 9 months remaining at a 1.6% fix for another 18 months - it ends in May 2024. This costs us about Ā£580/mo + +We can currently get by on a frugal lifestyle, we have maybe Ā£400 spare cash a month, with 10k rainy day cash and about 5k in a S&S ISA. My wife is not working as childcare costs more than her income as a teacher - this will be a marginally better calculation once both our 2 kids are over 3 - we think she'll be able to bring in about Ā£2-300/mo net after nursery costs (!!!) - still not enough to cover the predicted mortgage costs at a 5-6% rate. + +Now this all looks quite bleak when the fixed mortgage ends. Even if I overpay 400 for the next 18 months, and drop the whole of our 15k savings into our house, it makes next to naff all difference to the monthly payments - where we're still going to be short or at least very tight month-to-month. + +Aside from selling up and downsizing - what should we be doing with this last bit of cheap living before the new rates throw our finances in the bin? + +&#x200B; + +EDIT: The thread's been locked, but I wanted to say thanks for all the advice and thoughts. I'm less stressed but also have a plan = 400/mo into an easy access 3% account with my bank HSBC. Then I'll come back to the mortgage question next year. + +As a teacher, my wife can start looking for work in the spring for next academic year, and we're going to investigate childminders in our area in the next months. If we can sort the childcare question, I think we might actually come out of this in a years time with even better finances despite the additional longer-term mortgage costs, otherwise its 'only' 3 years to weather til school takes over that burden. Thanks again +Today I got a courtesy call from a bank saying that I had to go in because the type of savings account that I had open was closing and that I needed to transfer it over into a different type of savings account. + +I never opened this account so I called my father asking about it. He said that my uncle opened a savings account in my name to help my credit score which I believe is a lie (right?). + +Then I got a call from my uncle asking the name of the person that called me. He said not to worry about the account and that it would not mess up my finances. I am very confused about the whole situation. + +I checked all my credit reports and everything seemed fine there. Are there any ways to see if I have any other open bank accounts I don't know about? What other things should I be worried about here? + +Edit: Iā€™m 25 + +Edit 2: Turns out my uncle just opened an account to meet a quota at his job. Similar to the Well's Fargo thing that someone commented. +Anyone here use a concierge doctor? I saved [this comment](https://www.reddit.com/r/fatFIRE/comments/emzs19/what_have_been_the_best_forms_of_lifestyle_creep/fdtcn42?utm_source=share&utm_medium=web2x) awhile back, and now I'm starting to look into it more seriously + +A few questions: + +1. How does the billing work? Are phone calls, emails, etc billed? Or just in-person visits? +2. Any thoughts on high deductible plan + HSA vs PPO if we do go down this path? +3. How does it compare, for example, to OneMedical? I've found OneMedical's free telehealth services pretty good. I can get an NP or PA to talk to pretty much within a few minutes most of the time. But I can imagine continuity of care being better with a single doc. +4. Does the description of having a concierge doctor in the linked comment resonate with you, or are the some differences you can share? +My husband and I just bought a new house with the dream that we will retire in it. + +When we were house shopping, many houses had features we wanted but didnt have: at least one primary bedroom on main floor, sauna, hot tub, pool, no back neighbors, etc. Since we werenā€™t able to find a house with all these features, we chose lot over house features and are now in the process of finding contractors etc. This makes me want to ask: What house features do you consider essential? Iā€™m interested in things large (like a pool) and small (like a kitchen feature since we are remodeling the kitchen). Thanks! +This has happened only two other times in the last 20 years. The great recession and briefly during 2011. + +Since book value now understates intrinsic value more than it did at these two points - due to the continued switch from marketable securities to owning operating companies that Berkshire has made - shares are currently at an even greater discount than during these two periods. + +With its $128 billion cash pile, Berkshire is one of the safest bets to weather this crisis, and will probably gain some interesting buying opportunities. +The reason I ask is because something doesn't seem quite right. Looking for a simple explanation. There are about 100 million shares of AMC float. Today, 600 million AMC shares traded. Yesterday, another 600 million, the day before 1.2 billion. Over just the last 3 days, the 100 million shares outstanding changed hands 24 times. And that is if 23 out of 24 holders of each share flipped their shares over the last 3 days alone. What am I missing? And my logic would imply that nobody held their shares for more than a few hours. If they did, that reduces the float which means the shares trade hands even faster. + +The idea of settling 2.4 billion shares of AMC in 3 days is staggering to begin with. +NGA is up 50% since I made my first post here: [Lion Electric (NGA: NYSE) - an investment opportunity](https://www.reddit.com/r/CanadianInvestor/comments/kmvks7/) + +**What happened?** + +* Through SEC filings, it has come to light that Amazon owns a small stake in LION with options to increase up to 20% (if they spend $1.1B, the options will vest). Amazon also has order of UPTO 2500 electric trucks for their middle mile (warehouse to warehouse), 500 trucks a year over 5 years, and 10% of production from 6th year and beyond. Amazon relationship confirmed post here: [Shared this 20 days ago when I found out!](https://www.reddit.com/r/CanadianInvestor/comments/kqbh3n/lion_electric_nga_major_news_amazon_order_2500/) +* PR blitz by Marc Bedard on Canadian (mainly French speaking networks) and American (Jim Cramer!) bringing the company into light for many investors who never heard of the company + * [JIM CRAMER & MARC BEDARD INTERVIEW](https://youtu.be/meJX_pwUlnQ) + * [Twin Rivers School District (CA,USA) - Now holds 40 LION SCHOOL BUSES!](https://youtu.be/StpnGrItO4E) + * [Miami-Dade starts transition to Electric - Guess who is there offering tours :)](https://cleantechnica.com/2021/01/18/miami-dade-starts-transition-to-electric-school-bus-fleet/?fbclid=IwAR3s4-b0g9LoxhjaUlSgPP3hdhDhVHNY_2uImLxesoHwETwvtFU2hXrLm98) + * [BNN Bloomberg (English interview with Andrew)](https://www.bnnbloomberg.ca/technology/video/canadian-electric-vehicle-maker-lion-electric-partners-with-amazon~2118576) +* Increase in investor interest, the stock hit a peak of $35 USD! Incredible. +* President Jo Biden is confirmed and the democrats are now in full control of the senate. Federal funding for Green initiatives are now in play and cannot be stopped by Republicans. + +**Other tidbits that bolstered my confidence in the long-term vision of the firm:** + +* [60 Bus Orders in Quebec](https://www.electrive.com/2021/01/20/lion-electric-wins-xxl-order-for-electric-school-buses/) +* [New York State Energy Research and Development Authority Actively promoting their Energy subsidies for Buses with Lion Electric FLEET as their main promo picture lol](https://twitter.com/NYSERDA/status/1352362711720595458) + +[Promoting LION ELECTRIC](https://preview.redd.it/r82bbv8czbd61.png?width=605&format=png&auto=webp&s=707717c373cbda401d7bef0a11fadac1e31b84ba) + +* [Public Works and Government Services Canada looking to learn more and Electrify their ICE Medium and Large Heavy vehicles. The only supplier signed up to talk with 2 week left to close? You guessed it. Lion Electric.](https://buyandsell.gc.ca/procurement-data/tender-notice/PW-HP-512-79539/list-of-interested-suppliers) + +[GoC put out Request for Information on Electrifying their Medium and Heavy vehicle fleet ](https://preview.redd.it/mfa2gs6j4cd61.png?width=894&format=png&auto=webp&s=45baa90c7f215fb51834dcc649c173ef77b7caa8) + +**Positions:** 1000 warrants expiring 2027 at $11.50 exercise price :) +As a part of my medical degree, today I had the privilege to be invited into the homes of palliative care patients, talk with them, and discuss the experiences with senior clinicians. + +As our reflections drew to a close, I asked the doctors if they had gleaned any advice from their patients over the years. They gave our group the same advice they give their patients: + + +"If you have something which is truly important to you, do it while you can." + + +I know this topic (or various flavours of it) is discussed often within this subreddit, however I found it poignant coming from a completely different source. + +Like several others, I feel I have prioritised saving over spending, perhaps to the detriment of things that I value. +As a result, this has caused me to begin the process of actually evaluating what is 'truly important', and how I can make these things happen without sacrificing FI or RE principles (which are also important to me). + +I hope you don't find this post too derivative, and that it spurs some fruitful discussion. +Been in Crypto for a pretty long time and I have been using Coinbase for just as long. This is the most annoying thing ever! Why does this always happen, when the market starts to move. It always happens, when something big is about to go down and I feel like they know something we don't.. + +Coinbase seems to always go down during the most crucial times, I'm not sure what they are doing during these times, but its very weird and suspicious.. + +I'm glad to have Coinbase as a service I can use and it is a privilege, but them going down all the time sucks. People can't buy or sell.. + +We just want to be able to access our money when we feel like it. šŸ™Œ +At least for me it is. For example, I follow a lot of beauty and lifestyle YouTubers who frequently upload haul videos, "new at the drugstore", and "YouTube made me buy it" types of videos. I ignore those videos entirely in order to cut my temptation. Often times I will only watch videos 6 months or older to avoid the "OMG I have to have this brand new trending item" envy. + +This is just one key way I have adjusted my habits to save money (I also avoid driving in the direction of my favorite coffee house). What habits have you adjusted in order to curb spending? +Seen a few comments over the last month or so where someone was criticized for the amount they have invested in some way. + +One guy revealed that he has low double-digits at the end of the month to invest, but was excited none the less. This person was saying to him "takes money to make money" blah blah, you know the spiel. The way he/she wrote it wasn't exactly rude and yes, everything they said was true, but it still didn't have to be drilled into this guy's head with repeated comments. + +No need to take someone down a notch that's excited to be apart of this, even if you're right about their potential gains they could achieve. + +In your life those gains may not add up to much but to someone else, in a different part of the world, it could have life-improving significance. + +EDIT: If you come across said jerks, don't be shy to speak out. Don't have to be rude to them, they are already making themselves look like an ass so just help them along. +Thanks for the awards, take care everyone! +^for ^a ^tl;dr, ^scroll ^down ^to ^the ^bullet ^points + + +Some people who have been here for a while may remember a similar post by me some months ago which turned out to be fruitless but thanks to a recent discovery, I have decided to reopen the offer with a higher bounty. + +**What happened?** + +In February I was robbed at gun point and my phone was stolen from me. I had an amount of ETH on a Jaxx wallet which I, obviously, at this point did not have access to. I was not too nervous, though, because I had installed the Jaxx wallet extension on Firefox and synced the wallet on my phone to the Firefox extension. However, when I got home and opened the browser, either I or Firefox itself had updated the browser and when I went to open the wallet, it was initialized and there was nothing there. + +Before you ask, **no, I did not write down the 12 word phrase**. Why? Because I'm stupid and irresponsible. When I previously asked for help, I was basically told without the phrase, I was fucked and the wallet was gone forever. Needless to say, watching what would have been a double digit fold return on my investment was devastating. I bought more shortly after I was robbed but it was only a fraction of my original stack. + +It seemed useless until one day, the brilliant minds at Vx Labs posted a blog post on how to extract the 12 word phrase from a wallet file. Now, obviously this gave me hope that maybe I could recover the funds...however, when I read the article, it only explained how to find the wallet file with the Chrome extension and not the Firefox one. + +**So basically, what I need from you is:** + +* Help me locate my wallet file from the Firefox extension, and +* use the techniques outlined in [the VX labs blog post](https://vxlabs.com/2017/06/10/extracting-the-jaxx-12-word-wallet-backup-phrase/) to extract my 12 word phrase. + +If you have the ability to help me, please message me. If we are successful, I will reward you with 5 ETH and my eternal gratitude. + + +I (23F) and my fiancĆ© (22F) live in an apartment with our two cats. I find that we are continuously purchasing the same stuff from the grocery store every week because we donā€™t really spice up our snacks and extra foods. Would getting a Costco membership be beneficial to us? +Been investing since 2015 , diamond hands even when it hit 3.8k last year , finally selling 1btc to put it down for house deposit , feel guilty about it but I ll slowly start buying btc till it moons, thanks reddit crypto community , you been an inspiration for my first crypto buy since 2015 x + +Edit: I still owe x amount of btc and other crypto assets. Yup am paying taxes on this. +http://imgur.com/a/yUK2h + +I'm down to under $5k on my student loans at 3.5% interest after staring above $57k (and with interest rates up to 8.5%) in 2013. The last few months I've been catching up on maxing my Roth IRA and HSA accounts for 2016/2017. Now I'll finally start saving for a home down-payment! I live in San Diego, CA, so that's why the numbers might seem astronomically high. My SO will hopefully have a 2nd marker color, and will start adding to the motivational chart as soon as he finishes up his emergency fund. + +I don't know why, but getting to color in my progress just makes me feel better :). + +EDIT: Just for reference, my salary since starting my full time job in 2014 has only been between $40-$56k/year before taxes, and much of that comes from 2nd jobs/freelance work. + +**EDIT 2:** RIP my inbox. Thought you guys might like to see these things as well, for all of those that have been asking questions: + +**I have an obsession with google docs. Feel free to save copies to your own google drive and mess with the numbers to fit your situation!** + +* [Current monthly budget](https://docs.google.com/spreadsheets/d/1vrlZOhEzp8bo0OEu1XQqYzlSCaDGH2EPfeGwSeGAjTg/edit?usp=sharing) + +* [Home Calcs](https://docs.google.com/spreadsheets/d/18d7ai9QxX8CKPmy0IUvyz2oSb_qMb6fxXhoJTevsf24/edit?usp=sharing) + +* [End of year progress chart](https://docs.google.com/spreadsheets/d/1o5KDn_PtUL61K3dyb-kXNMu1MU4zJreH8ojdzKzhgWI/edit?usp=sharing) + +* [Misc. Income Tracker] (https://docs.google.com/spreadsheets/d/1PqunwYf_8kNYUpwCf4z5uoblMza3EchyLYbHmdfFPyo/edit?usp=sharing) + +* [Closeup of colored student loan chart](http://imgur.com/a/MFYpw) + +* [Link to my home motivational chart](https://www.dropbox.com/sh/ycqj1vwxpm6pmm2/AADYzgcfv1Xpwv8ujKhGLAaUa?dl=0) + +* [Link to student loan motivational chart](http://imgur.com/iJYFe8n) + +P.S. - I am a female. I realize my reddit name is misleading. + +Hi, do I understand this corectly, that with current low dollar to euro, it is actually good to buy something like iwda or vwce where most of the stocks are in dollar even if I buy it with Euro on Xetra, etc? + +And when selling, it is better to have stronger dollar to euro? + +Thank you +Hey guys, + +So I am thinking about opening a DeGiro account and start investing something into those comission free ETFs and I've never invested into anything. + +My plan is to start off with 300ā‚¬ and then try to put at least 100ā‚¬ each month into it. It would be a long term investment, so I'm couting on leaving the money there for at least 10 years. + +My question is, is it worth it with these sums of money or I'd be better off just letting it go into savings and trying investments later on when I feel that can afford to invest more money? As you know interest rates are really low, but I am not a fan of any risk. + +&#x200B; + +Also, if I were to not invest anything into DeGiro for a year or two, would that be ok? Plus, in case of a massive emergency and all hell breaks lose on my current and savings account, could I withdraw the money easily even if it has only stayed there a few months? + +I am not asking about which ETF to go for because I feel there is already tons of info on that, though I am still unsure which I would put my money into, so sugestions are always appreciated. + +&#x200B; + +Thanks in advance +My understanding of tax on investments in Germany is that you can gain up to 800 Euros in investments before you start paying tax every year, but this is only on *realized* gains, so if you don't realize that amount is it carried over? + +For a concrete example, suppose I invest 5000 Euros today, and one year from now the stocks are worth 5800, the year after that they are worth 6600. If I sell everything after one year, and then immediately buy those exact same stocks again, then I will have temporarily realized a gain of 800 Euros, followed by another realized gain of 800 the following year, and a total gain of 1600 tax-free over two years. + +But if I *don't* do that, and I just buy once now, and sell two years later, am I then paying tax on the 2nd 800 euros, and therefore losing money, or does it automatically get carried over? Does it ever make sense to sell assets and immediately buy them back for tax purposes? + +**E:** just to be clear, I don't want to do anything dodgy, and as a moral principle, I do believe that capital gains *should* be taxed, so I don't resent paying my fair share. I just want to understand what the rules are. +What are some safe options? Robo advisor? Crypto? Index funds? I really have no idea about any of this stuff so any suggestions or help would be great. + +Also I'd like some passive income. Is there a way I could make a couple of hundred bucks a month using this money somehow? +Most discussions of asset allocation are heavily skewed towards a U.S. perspective, which has far less social security systems than most European countries. Having an unemployment insurance reduces your need for an emergency fund. Having a state-funded pension system reduces your need for fixed income in retirement. + +How do you factor these assets in? Intuitively, I think the average European investor could and should probably afford to take more risk than a U.S. investor, but how to quantify this? +Hello, new to investing here. If i was considering hiring a financial advisor, how would I pick one, how do I tell a legitimate advisor from a scammer? Are professional financial advisors in some way legally obligated not to take advantage of you or feed you false information for their benefit? Thanks +Most discussions of asset allocation are heavily skewed towards a U.S. perspective, which has far less social security systems than most European countries. Having an unemployment insurance reduces your need for an emergency fund. Having a state-funded pension system reduces your need for fixed income in retirement. + +How do you factor these assets in? Intuitively, I think the average European investor could and should probably afford to take more risk than a U.S. investor, but how to quantify this? +I've been a resident of Portugal for the last 2 years after moving post-Brexit from the UK. I am searching for products and services that will yield a better rate on my basic savings. In the UK, many current accounts are offering 3-5% on balances up to Ā£5000 (Natwest, Atom, Coventry, Hampshire Trust etc). Revolut in the UK also offers a decent savings rate, but this is not available in the EU. +Are there any accounts or services that I can park some of my savings in and earn some interest? + Long story short, I've made some very stupid things when it comes to my finances and now I'm drowning in loans. They're not typical bank loans but instead i got some "payday loans" (I don't know how it's called in English) and every month I don't have enough money to live my life. I earn around 8000 PLN every month from my work but it's still not enough to cover all of the loans that I took. I tried asking for a bank loan so I can pay off all the loans and have one installment to pay, but everytime it gets rejected by a low creditworthiness and I have no idea what to do anymore. +Bolt Dollar is a decentralized algorithmic stablecoin pegged at 1.01 USD. Instead of a central authority regulating the price, investor behaviour is incentivized to keep it near the ideal level. + +Bolt Dollar is a multi-token protocol that consists of the following three tokens: + +1. Bolt True Dollar ([$BTD](https://app.1inch.io/#/56/swap/BNB/BTd)) +2. Bolt True Share ([$BTS](https://app.1inch.io/#/56/swap/BNB/BTS)) +3. Bolt Bond (BTB) + +[**$BTD**](https://app.1inch.io/#/56/swap/BNB/BTd) **is the token pegged against $1.01** and [**$BTS**](https://app.1inch.io/#/56/swap/BNB/BTS) **is the share token**, which when staked in the boardroon, **pays out rewards in** [**$BTD**](https://app.1inch.io/#/56/swap/BNB/BTd) **everyday** (as long as [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd)'s value is above 1.01$). + +For the details of how the algorithmic stable token works, please visit: [https://docs.boltdollar.finance/gitbook/](https://docs.boltdollar.finance/gitbook/) + +The [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) is in a phase of correction for the moment at $0.11 and the [$BTS](https://app.1inch.io/#/56/swap/BNB/BTS) at $13.00 (Past ATH $1,000). + +The Bolt team has been working on never seen before **Smart Pools** that **constantly buy back** [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) from the market, thereby creating **enough buy pressure on** [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) and help it eventually reach the value of $1.01. The smart pools are in the phase of implementation and will be live on the main website soon. + +**If you're looking for earning everyday through DeFi projects, you should enter Bolt for the following reasons:** + +* The Bolt team has created Smart Pools, a completely new concept of pools that keep buying back [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) from the market +* The staking **rewards of these pools grow over time** as opposed to other projects where the rewards decrease over time +* **Multiple channels of everyday income** ā€“ through boardroom seigniorage and through smart pools staking + +**The advantages of entering the project are the following:** + +* The rewards you earn from the Smart Pools will keep growing over time, which means you'll **make more money in future** as compared to now +* The Smart Pools will ensure constant buy-back of [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd), which means [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) will rarely go below its peg of $1.01 +* Staking your [$BTS](https://app.1inch.io/#/56/swap/BNB/BTS) in the boardroom will pay you [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) everyday once [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd)'s value is above $1.01 +* When [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) will reach $1.01, [**$BTS**](https://app.1inch.io/#/56/swap/BNB/BTS) **will go 100x** (maybe more) from its current price + +**The project has some amazing roadmap ahead:** + +* Cross-chain pools (enabling cross-chain arbitrage opportunities and more) +* Lending +* Stable coin vaults (such as busd, usdc, etc.) +* Many more + +**COME JOIN THE MOST COMMUNITY-CENTRIC DEFI PROJECT ON BSC** + +[https://bolt-dollar.medium.com/the-future-of-bolt-dollar-333d62e88790](https://bolt-dollar.medium.com/the-future-of-bolt-dollar-333d62e88790) + +I invite everyone to join the Telegram channel and feel free to get the doubts cleared. + +**THIS INVESTMENT COULD CHANGE YOUR LIFE ā€“ TAKE THE CALL BEFORE IT'S TOO LATE.** šŸš€šŸš€šŸš€šŸŒ‘šŸŒ‘šŸŒ‘ + +CLICK HERE TO BUY [$BTD](https://app.1inch.io/#/56/swap/BNB/BTd) | [$BTS](https://app.1inch.io/#/56/swap/BNB/BTS) on 1INCH DEX (exchange aggregator) + +Note: Remember to set "slippage" to as low as possible. + + šŸŒ Site : [https://boltdollar.finance/](https://boltdollar.finance/) + + šŸ¦ Twitter: [https://twitter.com/bolt\_dollar](https://twitter.com/bolt_dollar) + + šŸ“© Telegram: [https://t.me/boltdollar](https://web.telegram.org/k/#/im?p=%40boltdollar) + +āœ… Medium: [https://bolt-dollar.medium.com/](https://bolt-dollar.medium.com/) + +āœ… Docs: [https://docs.boltdollar.finance/gitbook/](https://docs.boltdollar.finance/gitbook/) + +āœ… CoinGecko: + +* $BTD [https://www.coingecko.com/en/coins/bolt-true-dollar](https://www.coingecko.com/en/coins/bolt-true-dollar) +* $BTS [https://www.coingecko.com/en/coins/bolt-true-share](https://www.coingecko.com/en/coins/bolt-true-share) + +Don't forget to DYOR. Don't invest more than you can afford to lose. +What is the scenario with these insanely low valuations on Canadian energy producers? Whitecap Energy WCP.to is trading at 2.2:1 P/E. With a global energy shortage and supply deficit what on Earth is up with these valuations? They've done everything they can to appease the ESG wankers and still languish. What is it going to take for capital to flow into Canadian energy firms? A change of federal government perhaps? I'm perplexed at this point. + +Would a 2.2:1 valuation not be equivalent of buying a house for $400,000 and renting it out for an annual net profit of $180,000? I've never seen an asset class priced as bizarrely as Canadian energy producers are right now. It's almost like people actually believe the fantasies that these hyper progressive woke whack jobs spout off about all the time. + +Any thoughts on Canadian energy producers valuations? Is the sector going to be insolvent in 5 years because that is where valuations seem to be. +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! +There are numerous occupations - investment banking, surgery, dentistry, and the upper reaches of the legal profession - where anyone with a semi-intelligent approach to money would be able to retire by their 40s, early 50s at worst. I know that there is a big difference between a family doctor and a surgeon; between a conveyancing clerk and a trial lawyer. For the sake of this discussion let's focus on the latter examples. + +They all have financial security. Yet why do so few dentists, surgeons, etc choose to retire early?? + +Can anyone who is in such a field, or intimately knows someone in such a field, shed some light? + +So far I have three guesses:- + +1. Lifestyle inflation. This is an obvious culprit, but I doubt that everyone in these fields really has to own a beachside property plus ski chalet plus all the other things that would be required to outweigh their very substantial income. I don't think it can be this factor alone. + +2. Fear of losing professional esteem/professional identity. I guess if you are successful, you would want to keep all the prestige and satisfaction that comes with being successful and that you have worked for over the years. But then by the same token could you not have the same sense of esteem from simply being able to say to your colleagues: "I've run my race, I'm happy with it and I have better things to do, like spend time with my family"? Is that not a source of pride in itself, a way to say "I don't care about social norms" and separate yourself from corporate wage-slaves? + +3. Those who have the talent and work ethic to succeed are loath to let it go. This has been my observation of my colleagues. The best ones are usually driven by something greater than just financial security. + +Is it some other factor which compels high-earning professionals to keep working long past the point of financial security? I myself am an adherent to the FIRE approach, but I am finding that amongst my colleagues when I mention FIRE I just get quizzical glances and a "pats head" response, as if to say, "You're still young. When you actually reach your 40s, I bet you won't retire, even if you have the money to do so." +I'll be the first to admit, I'm not in here much anymore except maybe a quick browse for any daily news around 330 or 4 every day when markets close. I have been in gme since Feb of 21 and and member of reddit for 15 years or so. + +All this redacted stuff is crazy. From what I can tell from my limited scrolling, this isn't our mods this isn't our group. This is a war being waged against this sub. + +What really gets me though is that.... this is REDDIT! Since the beginning this is a forum for anonymity and freedom of speech. + +I have seen and read some of the most disturbing and disgusting things I have ever seen/ read in my life on this website. Never anything more than an NSFW disclaimer. + +But, now that a group of people are going to crush the corruption and band together to truly create change.... I can't even use curse words without being censored? + +Laughable at best. + +No matter what happens in this sub and no matter what censorship comes... how can they think that they are going to shake any of us? + +Even more, we are gamers. How many horrible disgusting things have we heard just playing COD? Now all of a sudden we need protected from bad words? + +Honestly F all of it. I will hold. Forever if necessary. +This is a throwaway account as I would like to keep myself and my site anonymous. + +Basically, my family sucks with money. My father is a conspiracy theorist who thinks that investing in *anything* other than precious metals is a waste. + +I don't know the first thing about investing and don't really have anyone close to me to turn to. What would you do with $100,000 in savings? Any help would be greatly appreciated! + +EDIT: I'm 28 years old, a homeowner, and no big financial expenditures coming up. +There's a highly upvoted post right now saying that "Hester got what she wanted", [linking to this order](https://www.sec.gov/rules/other/2022/34-95235.pdf). She did not. Why? Because the [actual order that matters](https://www.sec.gov/rules/exorders/2022/34-95234.pdf) was issued on the [same day she said this](https://www.sec.gov/news/statement/peirce-statement-consolidated-audit-trail-070822): + +>With respect to security, I plead with my fellow regulators to rethink the wisdom of creating a massive database of information that hackers may try to exploit for their nefarious ends. Given these concerns, my preference would be to see the project placed in the SECā€™s catacombsā€”dead and buried forever. +> +>Nevertheless, the CAT lives on, so I support granting additional time to resolve a number of implementation issues, which is what todayā€™s order does. + +Quite frankly, this is a major win for market transparency. Hester didn't get what she wanted - she made it clear that she didn't want this system to exist at all, much less for the system to actually work well. *That* is what this order does: it requires this market transparency system to actually work. + +Go through the actual order that matters for yourself and see what it is: 40 pages of the SEC tightening up the transparency requirements on Participants. It totally replaces two previous orders that would've totally undermined the power of the CAT, the thing that would actually provide some transparency. + +But why is it even necessary to tighten up? What happened? Politics happened, that's what. + +This whole project began on November 15, 2016, with the SEC ordering the creation of a new system that would require sweeping changes in the financial world in favor of transparency. That's exactly 1 week after an election that made something clear: the composition of the SEC would soon be changing dramatically, and any regulation of Wall Street needed to get started before that happened. The order came out (the ā€œ[CAT NMS Plan](https://www.sec.gov/rules/sro/nms/2016/34-79318.pdf)ā€), providing enough time for it to be implemented. + +Shortly thereafter, Wall Street regulators were all gutted in Washington and/or replaced with people like the new SEC Chairman [Jay Clayton](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) specifically to "undo many regulations which have stifled investment in American businesses". + +The Orders being replaced were both issued on December 16, 2020. Exactly 1 week later was Chairman Clayton's last day after resigning early. He would've been out of office by the following July anyway (if not January), so it seems like he was in a hurry to get out the door. Maybe he saw the sneeze coming (the price of GME started climbing around the time he announced his resignation)... + +Anyway, as he was running for the door he used his power to cause the SEC to issue 2 orders that would've allowed this new "transparency system" to be nothing more than an expensive boondoggle that accomplished nothing useful. Heck, they even gave Participants things they *hadn't even asked for:* + +>Although the Participants did not request the relief granted in the Second Order, the Commission believed that granting such relief was necessary in order to ā€œprovide Participants the time to develop the necessary technological, system or procedural changes to meet the CAT NMS Plan requirementsā€ at stake. + +(quote is from this most recent order, referring to the orders it was replacing) + +This third Order totally replaces the first two - they no longer have any power. Instead, it raises the bar again, stripping out the damage caused by people like former Chairman Clayton. Yes, it gives the Participants more time to comply, but honestly... not much. They got a tiny extension to implement the system that they were supposed to be working on years ago. + +I'll wait a little more time if that's the "compromise" required to undo the damage of regulatory capture. This is a win, even though it tests our patience. [Politics and the stock market are deeply related](https://www.reddit.com/r/Superstonk/comments/vwpfd4/taxes_politics_and_zombies/), and at this point we can't let ourselves be blind to that. + +**TL;DR edit** + +The Order that people are so worked up about today is a good thing. Hester Peirce was whining about it because it is a step toward real accountability. It undoes some of the damage caused by former SEC Chairman Jay Clayton whose "achievements" are basically a laundry list of things that apes despise. + +This is a good thing. This is better than the alternative. +**Hi there. I'm torn about what makes more sense. I currently own a home with a mortgage. My goal is to additionally own multiple rental properties as streams of income. What makes more sense financially.... using my extra funds to pay down my home mortgage faster (and save on the interest long-term) or saving my extra funds to put 20% down on a rental property that will turn into a stream of income in the future. Would love some input.** + +**We currently owe $228,000 USD on our home mortgage. Our payment is $1,560 a month and our interest rate is 3.5%. We could most likely save enough to put 20% down on a rental property (ideally priced 150k or less) in 5 years or less.** +The idea is that if crypto mining becomes unprofitable, there will be a flood of cheap GPUs on the secondary market. + + +I'm a bit new to this so feel free to tell me I'm an idiot but please explain why. +Waiting too long to raise interest rates would be "unwise" as economic growth continues and inflation rises, Fed Chair Janet Yellen told Congress on Tuesday. +http://www.cnbc.com/2017/02/14/fed-chair-janet-yellen-unwise-to-wait-too-long-to-hike-interest-rates.html +Hi there! + +My parents lost everything about 10 years ago and split up. My Dad hasn't been able to work and lives with his Mum, my Grandmother, in her flat. My Mum rents a bungalow for my over-18 brother. Neither of them have a penny to their name. + +Not owning a property stresses them and me out no end. I'm wondering if there is any kind of a mortgage that they'd be able to apply for. Both of them have some money in their pension that would allow them to use as a deposit on a property. I'm not looking for them to own a property so that I get an inheritance, it's just that my grandma could pop off soon (89 years old) and her mortgage is equity release so my Dad will receive little in inheritance from her. I want them to own a property so that they have security. My Mum's salary is about Ā£30k. + +I've been working my arse off to try and buy them both a place (even if they have to live together) but I'm only 24 and my partner wants us to buy us a flat/house first (put your own oxygen mask on first). + +Additionally, I've been bailing my family out of financial fires since I started working at 16 and I'm tired and I just want to see them in a property in which they can live comfortably and securely, even if when they retire I have to cover the mortgage payments for them until they pop their cloggs. + +They're 58 & 60 respectively. I'm exhausted and any answers would be very much appreciated. + +Thank you +Should I drop the lot into my S&S ISA, as I have the allowance available? Itā€™s a Vanguard and I know it can take ~~2-3 days~~ *5 days* to get the money if I need it. + +Or drop it all into Premium Bonds? Not got any premium Bonds so I donā€™t know how quickly I can get the money back out. + +Or split it across the two? + +*Edit: To add that I also have a Ā£15k limit on AmEx 1% cash-back card so if I need to pay for something desperately, I can (if they take AmEx!* +So about 3 years ago I saw a post on here that said if you want to enjoy retirement you have to learn how to make saving as fun as spending. It really clicked with me since Iā€™ve always been a pretty big unnecessary spender and always had money burning a hole in my pocket. + +So I thought of some ways to make saving fun and seem less burdensome to help my ā€˜future me.ā€™ The idea I had helped me save and maybe it can do the same for you. + +So when I stated working full time I paid off my student debt first (I worked really hard to do this and finally got rid of 10k my first year. I realize itā€™s not always that way for everyone). But when I had the additional income in my pocket that wasnā€™t going into loans, I admit I spent a lot and was breaking even each month with zero going into retirement, zero into savings or emergency funds. + +My idea: so I got this idea to save up enough money to fill up a Monopoly board. Just like the game. It gave me a goal to shoot for and a specific number I could visualize. Then I found a tool online called a compound interest calculator which shows how much you could make if you start saving when youā€™re young (in my case 22-23 years old). Guess what, if you save enough money to fill up a monopoly board before youā€™re 25 (about 20k, which can be hard for everyone depending on situation) that money can compound over time and by time you hit retirement it could be worth upwards of $250,000 (with ~6% interest each year). If your investments happen to get returns of ~10%, youā€™d be sitting with over $1,000,000 just from this exercise alone. Although 10% is much less likely, but you get the idea. + +So then I did two things. + +1) I calculated how much of my income I could afford to put away and automatically put it into company 401k so I never had to see it. And I get a tax break + +2) I BOUGHT a Monopoly play set for $10 and took out all the money. I now have two envelopes. One with the starting amount of money and one with the money Iā€™ve saved into 401k. + +It helped tremendously to visually see that my funds were going and hold onto it, and count it. But never be able to spend it. Something about the tangible aspect of holding your money made this super fun for me. + +As a plus, this month I was humbled to say I achieved my goal and emptied out my first envelope and my other is filled. It was a long road and at times never thought Iā€™d do it, but I turned 26 this week and am super excited to share! + +Over the last 2.5 years my original investments were also able to grow an additional ~$500, even in safe ETFs and mutual funds. Itā€™s the first sign of progress and I couldnā€™t be more happy. + +Thanks for letting me share. :) + +EDIT: wow this blew up! Thanks everyone. And to everyone saying you also need balance in your life, thatā€™s possible too. +I'm new to algo trading, so I'm asking this community to check my first strategy before I start building it out. I'm probably not the first person to think of this so any research or resources you guys can offer at all would be appreciated. + +Trading Environment: +I have settled on using interactive brokers api and python to build this out. I'm skilled enough in python to do most of the data fetching, back testing, and QA/TA with different models or other services, so I'll probably just use interactive brokers api to get real time data on lists of stocks and execute the trades. Would this community recommend any other brokerages or api tools? Also I'm working on a windows 10 environment. + +Strategy: +So I don't know if this has a name or anything, but the idea is pretty simple. The program would keep a close eye on top gainers in pre-market trading and make purchases on the top 10 stocks by %gain either right at 4am, or a few minutes after once patterns can be found. The program would watch the top 10 and sell out of anything that falls to #11 replacing it with the new #10 holding stocks 1-9 till market open. Then once market opens +/- a few minutes it sells all 10 stocks. If at any point a stock hits some %gains I'm happy with(30%,50%,100%) I sell out of that stock and blacklist it to just take the gains. Pretty simple and sounds like it should work. + +I have been keeping an eye on top market gainers for the last couple weeks and if you include OTC/PINK stocks you get some wild upsides in pre-market. I can see loosing out on some money if #1 drops to #11 quick, or bleeding pennies by constantly buying #10 then selling it the moment it goes down. However I feel like the upside of #1-9 would make up for that. To a noob like me it sounds like it "can't" loose money, but I'm not arrogant enough to assume I'm the first person to think of this, or that it would be this simple. + +Any advise or conversation you all could offer me on this project would be greatly appreciated. + + + +Edit: this got a lot more attention than I expected. Thank you all for your input, especially the post telling me where it might fail. Like I said at the top I am new to this and figured I was overlooking a lot of ways this could go wrong. I still think I might have something here, but even if I'm wrong it will be a learning experience. + +Some input I am taking right away. I won't be able to rely on any premade %gain lists from any brokers as they calculate that off prior days close, so I could be buying a stock that ran after hours rather than one that's running now. Using a trailing stop loss is a much better idea than selling at x% gain. lets me take advantage of any runs I might find while limiting risks. I need to figure a way around low volume while trying to exit positions. I can't just set a sell limit order for x stock at x.xx price and assume it will go through.i need to pay attention to volume or different momentum indicators on top of % change. Plus much much more. Again thanks for all the input. +I am purchasing a new primary residence house and getting a large mortgage at 4%. Meantime I am selling my current house and not sure if I should put 100% of sale proceeds into the stock market (I would put all into qqq) or into the new mortgage (mortgage at 4%) or maybe split it 50/50. I know the stock market on average returns 7% per year vs 4% mortgage and that makes it seem like putting it into the stock market is better idea. But there are other considerations like taxation that makes it quite complicated. I am wondering if anybody has good insight into what is best thing to do here financially. +Edited to add: I am 34. +So, I bank with Commonwealth, and today I was mistakenly debited $2000 by a rental company that I have had only 1 transaction with in the past. So first thing I did was call them and ask whats going on, the manager could see that it was an incorrect debit and she has requested a refund, but said it can take more than 10 days ! I have also raised a Commbank unauthorized transaction dispute , but was told this can take from 5 to 45 days to refund! + +My account is now -$2000 the week of Christmas, my pay goes in Thursday but will just be taken by this debt. I don't know what to do please help!!! +Lots of insider buying, analysts like it, making acquisitions, and it was just approved to graduate from TSX Ventures to TSX (should happen in February). Seems very undervalued to me. + +**Check out these ratios:CTS** + +* Market Cap $400.2M +* Revenue (TTM) $873.9M + +**SHOP** + +* Market Cap: $164.8B +* Revenue (TTM): $3.1B + +**LSPD** + +* Market Cap $7.6B +* Revenue (TTM) $191.7M + +**CGI (GIB.A)** + +* Market Cap: $22.3B +* Revenue (TTM): $12.2B +Hello Canadian Investors. + +I'm living in Toronto and my landlord indicated he's interested in selling the place. + +I make $93,000 a year full-time & $15,000 to $20,000 Part-time (moonlighting as an uber eats driver) + +Investments in Questrade $44,000 / WealthSimple $52,000/ BMO - $38,000 and Sunlife $12,000 + +&#x200B; + +Currently Im paying $1475.00 per month for rent (got it 4 years ago before it jumped) + +Additional Expenses + +Car Payments (4% interest) - $250 a month + +Investment Loan - $315 a month ($13,725 owing - 4%interest) + +Credit Card - $200 owing + +These are pretty much my biggest expense items outside of food and utilities. + +&#x200B; + +I'm thinking of buying a place in the next 6 months but real estate prices dont seem to be dropping with the interest rates being so low. + +&#x200B; + +Should i continue to invest in the market and just find a place to rent or take out a loan that puts me in the negative by $300K to $500K but i would work towards owning an asset. + +Thoughts? +Cryptowatch Coin is a governance token. The CWC contract is based on an improved version of BOGGED Finance. The hidden minting function has been removed ensuring the protocol will be deflationary. CWC has a total supply of 50,000,000 with ~.4% of every tx being sent to the burn address. + +Get on board early at a great crypto trading tool and platform pulling together the best from BOGGED, MOONARCH, POOCOIN and others. The site will offer charts, a more traditional CEX experience, bots, news and trending information that you can use to improve your trading. + +Premium features will be rolled out soon to further lock up liquidity, boost value of the CWC token and give premium members an additional edge in the market. + +**Exchange Listing/User Rewards** + +10m CWC is allocated for future exchange listings. 1% of this allocation will be reserved for the User Rewards feature coming in Q3. + +**Dev Team** + +2.5m is allocated to the dev team. + +**Marketing** + +2.5m CWC is allocated for marketing. This will include promotions on social media and crypto ad networks. + +**Reserve** + +25M CWC is locked up with a release schedule of 25% every 6 months. This will allow flexibility to expand and offer more exchange listings as the platform grows. Holders of CWC will be able to vote on the allocation of each release how much to burn, relock, etc. + +**TX Burn** + +There is a 2% fee on every transaction ~.4% will be burned and 1.1% being distributed as staking rewards. The remaining ~.5% will be collected back into the platform. + +**Roadmap Q2:** + +* Charts for both ETH and BSC + +* Sniper bot + +**Further out:** + +* Swap: users will be able to trade on the cryptowatch platform + +* NFT Marketplace + +* IDO Platform + +Staking is live and available right now. 2% tx fee on all transactions and a portion of this is distributed to all stakers. + +Presale price was $0.005. + +Current mc as at time of writing is $600k with $23k liquidity. + +Liquidity locked for 1 year with Team.Finance + +šŸŒŽ Check our Website cryptowatch.biz/ + +šŸ“¢ Join us on Telegram t.me/cryptowatchtgchat + +šŸ¦œ Follow us on Twitter twitter.com/CryptowatchB +I tried to give this chain the benefit of the doubt multiple times yet it always seems to fail my expectations. + +Either itā€™s down cause its out of RAM, got attacked by a DDOS or now it got hacked. +Thereā€™s always something wrong with this chain. + +Honestly I feel like itā€™s one of the most overhyped projects on the market especially with other chains like Polygon being MUCH more consistent, cheaper and faster. +At least when Polygon gets DDOSed it doesnā€™t come to a complete stop like Solana. In fact even with the attack, Polygon still had one of the cheapest fees on the market. + +I honestly donā€™t know why anyone would keep supporting and hyping this chain anymoreā€¦ +Today I am going to explain a profitable trading strategy based on using the Bollinger Bands as a momentum style indicator. The purpose of this strategy is to use the Bollinger Bands to generate trading signals designed to capture powerful breakout price moves and to capitalize on the resulting trends from these breakouts. + +***If youā€™d rather watch a video, (as opposed to reading this post), about this particular trading strategy, accompanied by back-test results, skip to the link at the end of this post!*** + +The Bollinger Bands are often used for the purpose of generating signals to determine when price is entering over-sold or over-bought areas on the chart, relative to recent price. **This strategy utilizes the Bollinger Bands in a completely different way** \- to identify breakout trade opportunities which often lead to price trending in a defined direction for an extended period of time. + +**By definition,** **all price trends must begin with a breakout from a range**. There are many different ways that we can identify and quantify price ranges. As we know, the Bollinger Bands consist of an upper and lower band which are plotted two standard deviations on either side of a 20-period simple moving average (*20SMA*). For this strategy, the range that we are going to use to generate breakout signals is the range between the upper and lower bands of the Bollinger Bands. + +The Bollinger Bands range will expand and contract in relation to the volatility of price. For this reason, we also are going to consider the Bollinger Bands Width, (*which is a separate technical indicator, available on reputable technical analysis platforms*), as part of this strategy. When we observe price breaking out from the Bollinger Bands range, we are going to look for the Bollinger Bands Width expanding, as a confirmation of volatility increasing, **meaning that we have a higher chance of experiencing a sustained breakout move.** + +Finally, we want to **ensure that we are always trading in the same direction as the current trend** of the market. To do this, we are going to add a 200-period exponential moving average (*200EMA*) to our chart. When the 200EMA is pointing higher, we are only going to take signals to go long, (*buy breakouts above the upper band*). Conversely, when the 200EMA is pointing lower, we are only going to take signals to go short, (*sell breakdowns below the lower band*). When **all** of these conditions have been met, we **buy at the open of the next candle**. + +Our signal to sell, when trading this strategy, comes when a candle **closes on the** **other side of the middle line** of the Bollinger Bands. We must also ensure that we have adequate risk management measures in place to limit the maximum size of our losing trades. To do this, we are going to **implement a stop-loss** directly below the lowest point of the candlestick from which our buy signal has been generated, or the candlestick prior, whichever is lower. + +*Let's summarise our entry and exit signals for this strategy:* +**Entry** +1. A candle breaks out and closes outside of the Bollinger Bands Range. + +AND +2. The 200EMA is trending in the same direction as the breakout. + +AND + +3. The Bollinger Bands Width is expanding. + +**Exit** +1. A candle closes on the other side of the middle line of the Bollinger Bands. + +OR + +2. Our stop-loss is triggered. + + Here's an example trade using this strategy in Tesla (*NASDAQ: TSLA*) on the daily timeframe chart. + +[Example Bollinger Bands Momentum Breakout Trade](https://preview.redd.it/w7stmb4dklk61.png?width=1600&format=png&auto=webp&s=b5478a86087626ff7942dff0b9e43b0af30b1ca6) + +**BONUS TIP:** +If you are more of an intermediate or experienced level trader, consider adding the following conditions to further enhance your results from trading this strategy. +1. Do not buy directly below a resistance level or sell directly above a level of support. +2. Implement additional momentum style technical indicators (*such as the MACD* \- *see my previous post*) to confirm entry signals. +3. Make use of a trailing stop-loss (*for example, a 10EMA*) to lock in profits as price trends in your favor. + +This trading strategy has been tested across multiple different timeframes and trading markets. + +**If you would like to view my backtested results from this strategy, check out my video at the following link:** [**https://youtu.be/7CFpyAtFa\_4**](https://youtu.be/7CFpyAtFa_4) + +*If you have any further questions regarding this particular strategy, technical analysis, or trading in general, I have a free, beginner-friendly discord community, with over 300 members, that is available for you to join. Please leave a comment or direct message me if you would like an invite link and I will respond in due course.* +I'm finding it bizarre that apparently inflation in the UK is only at 1%. With house prices booming and the cost of living creeping higher and higher, how the hell do they come to the conclusion that inflation is at only 1%? + +Materials are up, videogames and tech are up, house prices are up, food shopping is up, home gym equipment is up. But apparently we're only at 1% inflation. So what gives? +Turkeys Government is now sueing people who criticize the 21% inflation the country is currently experiencing, wiping out savings of millions of people. + + +The turkish finance minister announced that the government is in process of sueing multiple people on social media who complained about the high inflation, with a door open to sue more people, going as far as calling them traitors. + + + +And they wonder why so many people invest into Crypto? At least I can talk about a Crypto dip without being sued by the government while being in actual control of my money. + + +Savings of millions are about to be gone, and you are not even allowed to criticize it. + +[source](https://www.reuters.com/world/middle-east/turkey-starts-legal-action-against-speculative-market-comments-finmin-2021-12-21/) + +[(source 2)](https://www.tagesschau.de/wirtschaft/weltwirtschaft/tuerkei-lira-devisen-finanzen-101.html) +It is no secret that the last few months will be seen as probably one of the craziest even for Crypto. An ATH at 69k was comical enough and then all the denial that we will still rally back up. Then the endless crabbing, ended by one of the biggest collapses in crypto, LUNA-UST implosion. Causing a dip to under 30k and below the past cycle ATH for Bitcoin. + +Don't forget to mention how many companies just went bankrupt in the past few weeks. Celsius, Voyager and 3AC and more to come for sure. Not to forget the thousands of hacks. The past few weeks could be the most intense movie ever made. + +So just a congrats here to everyone getting through this and still feeling convicted. If you got this far don't lose up on the last few meters hopefully. Everything has and end and this too will have an end, one day surely. +I stumbled upon this article today, and found it both highly interesting and highly relevant to the FIRE mindset: + + [https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/](https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/) + +&#x200B; + +A few key takeaways to whet interest: + +* Western society often overemphasizes the role of professional accomplishment in identity and happiness, especially for men. +* Many creative/challenging/interesting jobs require fluid intelligence, which declines sharply in the 40's-50's, far before many are done working. +* The lack of a plan for how to transition in life after the onset of professional decline leads to a loss of a primary source of joy for many, potentially even leading to depression, suicide, or other health issues. +* The writer's plan for transition sounds a lot like the priorities commonly given in this community for RE. + +&#x200B; + +The biggest flaw I see with the otherwise excellent article is that the writer did not specifically consider FIRE (or possibly teacher/mentor-FIRE in which a low-paying job utilizing crystallized intelligence is found). He mentions several times that most people have to keep working past their point of professional decline, but doesn't mention the earlier lifestyle choices that can enable the possibility of RE at that point. +My friend and I were in the process of selling an algorithm we made, and I was wondering how to price it. We wanted to include all the time we spent on it as a base price, but then how to take its performance into account? How much would an algo that makes about 5% a month sell for, without including the time spent developing it? + +Thanks in advance +Even if you only own one share of GME, if you are not familiar with direct registration of your investment, I recommend reading this post first - [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +&#x200B; + +I hope my E\*Trade DRS from 9/23 completes soon, but after my 3rd discussion with the broker yesterday stating the FTD of my shares will last another 4 days, I began preparing for the worst. I started digging more into SIPC insurance and the broker liquidation process. In the last [E\*Trade 10Q (p.14)](https://cdn2.etrade.net/1/20082012560.0/aempros/content/dam/etrade/about-us/en_US/documents/investor-relations/financials-sec-filings/quarterly-earnings/2020/Q2/2020-Q2-10Q.pdf) prior to being acquired by Morgan Stanley, they held $782 Billion in customer assets. Before the GME saga, I could not fathom a situation where Etrade would need to be liquidated. This is no longer the case. There is a chance Etrade has Failed To Receive (FTR) and/or created quasi-CFD's ([Contract for Difference](https://www.reddit.com/r/Superstonk/comments/py33nd/i_am_going_to_say_it_brokers_are_breaking_the_law/?utm_source=share&utm_medium=web2x&context=3)) with GME purchased/internalized through their brokerage. They claim the failure to deliver DRS and ACATS transfers of GME shares is due to an extreme system backlog of transfer requests. I hope this is true, however, I am not certain it is true. As a result, I've spent the last several days digging into SIPC insurance to better understand what will happen to my account if another "idiosyncratic risk" event, such as Jan 2021, occurs and results in a liquidation. I made a post last week about [my concerns with E\*Trade](https://www.reddit.com/r/Superstonk/comments/pzjg8u/broker_ftds_are_piling_up_a_cautionary_drs_tale/?utm_source=share&utm_medium=web2x&context=3) if you want more background information. I am not a financial advisor, this is not financial advice. This post is intended to be educational for those wanting to know more about SIPC. + +&#x200B; + +**The Securities Investor Protection Corporation provides SIPC insurance to participating brokers.** [**What SIPC Insurance Protects -**](https://www.sipc.org/for-investors/what-sipc-protects) + +&#x200B; + +>SIPC protects against the loss of [cash and securities](https://www.sipc.org/for-investors/what-sipc-protects#cash) ā€“ such as stocks and bonds ā€“ held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. Most customers of failed brokerage firms are protected when assets are missing from customer accounts. There is no requirement that a customer reside in or be a citizen of the United States. A non-U.S. citizen with an account at a brokerage firm that is a member of SIPC is treated the same as a resident or citizen of the United States with an account at a SIPC member brokerage firm. + +&#x200B; + +SIPC is neither a government agency nor a regulatory authority. The [Securities Investor Protection Act](https://www.sipc.org/about-sipc/statute-and-rules/statute) of 1970 established the SIPC, and the link provides the full details and rules associated. The mission of SIPC is protecting customers. If notified of any broker or dealer is approaching financial difficulty, SIPC can step in after filing a protective decree with any court. This action cannot be prevented - + +[https:\/\/www.sipc.org\/about-sipc\/statute-and-rules\/statute](https://preview.redd.it/3jumvtzmd2s71.png?width=1847&format=png&auto=webp&s=e859fb96ba8c504010977539c6b4e3dd47121e9b) + +The SIPC could have stepped in and taken over the liquidation of Robinhood in January during the $3 Billion margin call. They did not, as new investor capital injections combined with a the NSCC reducing the capital requirement from $3 Billion to $700 Million helped avoid insolvency. The unprecedented move to "position close only" many securities also helped, although the legality of the action to PCO is still being debated. + +&#x200B; + +So what happens if a broker is liquidated? [SIPC Broker Liquidation Summary -](https://www.sipc.org/media/brochures/Liquidations-Web.pdf) + +[https:\/\/www.sipc.org\/media\/brochures\/Liquidations-Web.pdf](https://preview.redd.it/8x91ovkrg2s71.png?width=2663&format=png&auto=webp&s=ba27ebd7c3a623fe7b22c1aa64cd505433eee516) + +US broker liquidations have been rare events, and the [2011 failure of MF Global](https://www.sipc.org/about-sipc/history) was the last time SIPC stepped in. While MF Global case was settled in 2016, there are still [open cases and claims](https://www.sipc.org/cases-and-claims/open-cases/) from the 2008 failures of Lehman Brothers and the Bernie Madoff Ponzi Scheme. This highlights how SIPC liquidation and payouts usually take years to be resolved. + +&#x200B; + +**These links to** [SIPC Claim FAQs](https://www.sipc.org/cases-and-claims/claim-faqs#what-are-customer-name-securities) and [SIPC Investor FAQs](https://www.sipc.org/for-investors/investor-faqs) **also provides more important insight -** + +&#x200B; + +* Typically, a broker liquidation results in a transfer of account to another broker. How long does this take? + +>Every liquidation proceeding is different. In some instances, a Trustee may be able to transfer accounts in as little as one to three weeks. However, if the records of the defunct brokerage firm are in disarray, or if for any other reason it is not possible to transfer your account to a financially healthy brokerage firm, the process may take more time. Filing your claim promptly, correctly and with all required documentation will help to expedite the claims review/determination process, and the return of your assets to you. + +&#x200B; + +* What happens to customer named securities, i.e. **Direct Registered Shares**? + +>Customer name securities are securities that are registered directly in the name of the customer and are held in custody at the brokerage firm. Customer name securities are returned to their owner even if their filing date value is more than $500,000. A signed stock power attached to a security, even if blank, may render the security no longer in ā€œcustomer name.ā€ If a security is no longer in "customer name," it is treated like other securities held by the brokerage for customers and becomes part of the fund of customer property. + +&#x200B; + +* What happens if the claim exceeds the $500k SIPC limit? + +>All customers who are eligible share in any customer property collected by the Trustee. Because collecting this property can take time, the Trustee uses funds ā€œadvancedā€ by SIPC to return customersā€™ cash and securities, up to the limits of SIPC protection. As a result, customers typically can recover their cash and securities sooner. If your claim is over the limits of SIPC protection, you will share in customer property equally with all other customers, and if after having had your claim satisfied out of SIPC advances and receiving your share of customer property, your claim still is not fully satisfied, you will be eligible to receive a distribution as a general creditor to the extent that there are any general estate assets. + +&#x200B; + +* Are non-US brokers covered by SIPC? + +>SIPC protection is available only with respect to cash and securities credited to a customer account at a [SIPC-member brokerage firm](https://www.sipc.org/list-of-members) in liquidation or in a direct payment procedure under the [Securities Investor Protection Act (SIPA)](https://www.sipc.org/about-sipc/statute-and-rules/statute). If a foreign brokerage firm has opened an account for its customers at a SIPC-member firm, and if the member firm is placed in SIPA liquidation, each of the foreign firmā€™s customers may be eligible for SIPC protection on a pass-through basis. It is important to emphasize that SIPC protection is only available in a SIPA proceeding, and is not available in any non-SIPA bankruptcy or insolvency proceeding of a non-SIPC member firm. + +&#x200B; + +* Are 401(k)'s covered by SIPC? + +>Similar to a pension fund account, if your employerā€™s 401(k) plan assets are held in a customer brokerage account at a SIPC- member brokerage firm, then cash and securities in that account may be eligible for protection by SIPC. Protection is limited to the amounts available with respect to a single account, however; i.e., an overall limit of $500,000, of which no more than $250,000 may be for cash. SIPC protection is not available separately for the individual participants in the 401(k) plan. + +&#x200B; + +* Is SIPC limited to US-citizens? + +>Non-residents and non-U.S. citizens are eligible for the same protections from SIPC as all other customers. There is no requirement that a customer reside in, or be a citizen of, the United States in order to be eligible for SIPC protection. + +&#x200B; + +* When does SIPC start liquidation of a broker? + +>When SIPC is notified that a SIPC-member brokerage firm is in or is approaching financial difficulty, and SIPC determines that (1) the firm has customers eligible for protection by SIPC; and (2) the brokerage firm is insolvent; is unable to meet its obligations to customers; or, suffers from certain financial conditions. If SIPC makes this determination, SIPC files an application in the appropriate federal court seeking entry of an order placing the brokerage firm in question in liquidation under SIPA. If the court grants this application, the liquidation of the firm begins. Additional information - [https://www.sipc.org/cases-and-claims/how-a-liquidation-works](https://www.sipc.org/cases-and-claims/how-a-liquidation-works) + +&#x200B; + +* Do individuals need to sign up for SIPC insurance? + +>No. SIPC protection is set by federal law ā€“ the [Securities Investor Protection Act (SIPA)](https://www.sipc.org/about-sipc/statute-and-rules/statute) ā€“ and thus available to every customer with cash and/or securities held in a brokerage account at a SIPC-member brokerage firm placed in liquidation under SIPA. + +&#x200B; + +* Some brokers have excess SIPC insurance, how does that work? + +>Excess SIPC insurance is insurance provided by a private insurer and not by SIPC. The insurance is intended to protect brokerage customers against the risk that customers will not recover all of their cash and securities in the proceeding under the [Securities Investor Protection Act (SIPA)](https://www.sipc.org/about-sipc/statute-and-rules/statute). Under many of these policies, customer eligibility for recovery is not determined until after the SIPA liquidation of the customerā€™s brokerage firm has concluded and the amount of the customerā€™s recovery in that proceeding has been established. You should contact your brokerage firm if you have questions regarding excess SIPC insurance. SIPC has no authority, involvement, or expertise regarding such insurance. + +&#x200B; + +**It is also important to understand** [**How the Claim Process Works**](https://www.sipc.org/cases-and-claims/how-the-claims-process-works) **after a liquidation occurs. Importantly, please note -** + +>Wherever possible, the securities owned by customers are returned to the customers so that the customers can be put in the same position they were in before the liquidation. If necessary, [SIPC funds](https://www.sipc.org/about-sipc/the-sipc-fund) may be used, to purchase replacement securities in the open market. While the number of securities to be replaced will equal the number in your account on the filing date, it is always possible that market changes may result in the returned securities having lost some ā€“ or even all ā€“ of their value as calculated as of the filing date. In other cases, the securities may have increased in value since the filing date. **In certain cases it may not be possible to deliver some or all of the securities that were in your account. In those circumstances you will receive a payment from the Trustee, up to at least the SIPC limits, for the** [**filing date**](https://www.sipc.org/cases-and-claims/claim-faqs#what-is-a-filing-date) **value of the securities.** + +&#x200B; + +In summary, in a broker liquidation SIPC will cover up to $500k per account. Accounts in an insolvent broker will be transferred to a solvent brokerage, where investors will be able to access their investments once claims are settled. The SIPC will attempt to replace the securities, but if the securities cannot be delivered, a cash settlement up to the $500k SIPC will be given instead. **Securities Directly Registered in the name of individual account holders are not limited by the $500k threshold.** This is important regarding custodial accounts, such as a self directed IRA through [CamaPlan that enable DTC share withdrawal](https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/). I personally am in the process of opening this type of account by transferring my Schwab Roth IRA, and I will make a post detailing the process once it completes. The are other ways to DRS shares held in IRAs, as highlighted by u/iamthinksnow in [this IRA to Computershare post](https://www.reddit.com/r/Superstonk/comments/q2qflz/update_ira_transfer_to_computershare_fyi_you_can/) where the $500k SIPC limit would not apply. + +&#x200B; + +In my humble opinion, the unprecedented and idiosyncratic events from Jan 2021 were just a preview of what's to come with the MOASS. It will be an event unlike anything anyone has ever witnessed, and many will not be prepared for the fall out. I expect many brokers are going to fail, and the entire global financial system is going to change forever. I expect SIPC will be used on a scale never seen before. There is a chance SIPC insurance is fully depleted, as the current target of assets is only $5 Billion with a $2.5 Billion line of credit provided by the US Treasury (which is almost out of cash) - + +[https:\/\/www.sipc.org\/about-sipc\/the-sipc-fund](https://preview.redd.it/gw6vrmemy2s71.png?width=1154&format=png&auto=webp&s=272bba73eba4575fa108dd38eb74757a0ad7771c) + +The best way to protect yourself from the risks associated with a broker failure is to remove the broker from the equation by direct registering your shares. If you hold assets in a retirement account, direct registering them via a custodial agreement is the best protection you can have while maintaining the tax advantages given by retirement accounts. I think the best way to judge how safe a broker will be during the MOASS is their performance now during the great ape migration to Computershare, and Fidelity seems to be performing the best at this time. Understand that all systems have their limits, and MOASS is going to test all of the limits in the financial system - even a single share of GME has the potential to exceed SIPC limits. If a broker fails with records in disarray due to fraud or negligence, it will add significant time to SIPC payouts, best highlighted by the Madoff Ponzi of 2008 still being open today. + +&#x200B; + +# If the SIPC cannot obtain the securities needed to settle claims, a cash payout based on the the closing price of the security on the day the broker failure is recorded in a court will be used instead. The shorts never intend to close their positions. Even a forced closing of short positions can have limits placed on the ultimate payout by forcing broker insolvency well before the GME peak by using this clause in the SIPC. Direct Registration of GME shares removes this limit. + +&#x200B; + +Knowledge is power, and I hope this post has helped you gain more knowledge to empower you to make your own informed financial decisions. I hope no brokers fail and all GME shareholders keep their shares as long as they want, however, I am preparing for a scenario where many brokers fail and SIPC is used in a way never seen in history. +Ben Felix has just released a [new video](https://www.youtube.com/watch?v=WbBVoe9Lr94), referencing some papers discussing the relation between luxury vehicles and happiness. + +A few of his points: + +* Despite luxury vehicle owners believing they will be happier when driving luxury vehicles, their reported positive emotions after driving luxury vehicles is not different than after driving economy vehicles. +* Ben posits that due to a phenomenon called focalism, "people imagine the luxury aspect of a vehicle when asked about it, but when they're driving a vehicle, they're thinking about getting to their destination on time, avoiding traffic, or keeping the kids calm" +* He points out that spending money on luxury vehicles may have an overall negative net effect on happiness if it means spending less on things that do make us happy, such as spending to save time, spending on active leisure activities, hobbies, shared experiences with other people, and frequent small pleasures. + +I'm a big fan of Ben, but am curious on other takes on this topic, particularly those who own sports cars and are into motorsport. The video and studies referenced appear to focus on luxury vehicles in general rather than sports cars, and point to how often luxury vehicle purchases are driven by conspicuous consumption, without talking about how certain types of luxury vehicles can be a gateway to attaining many of the positive experiences listed in the final dot point above (exactly what I aim to get out of my time spent at car/bike events and at the track with friends). + +So for those who are into sports cars and motorsport: + +* What do you think about the arguments in the video +* How do you view/justify outsized spending on vehicles (particularly the depreciating kind) +* What are your lessons on how you can get the best bang (happiness) for your buck, particularly when thinking about the types of vehicles and finance options to focus on at various stages of your wealth creation/accumulation journey. +Long time lurker here and big fan of this subreddit. Me and my wife are in late 30s. I started learning about investing only for last 2-3 years when I was already 35. Before that we were not terrible at spending, but almost clueless in investing. + +We have grown our net worth a lot since then by investing in index funds, saving with more discipline and just by being ā€œawareā€. Market has helped too. We are still in good situation, but when I see some of the posts by people at my age or younger who started early and have much more net worth, I almost feel poor. + +I cannot stop agonizing over the past. If I had known what I know now, maybe I could have retired by 50. Now It might be around 60. A few lost years early are really bad for compounding in bull market. I cannot help but running scenarios in excel and agonize over how I could have been so stupid. It doesnā€™t happen every day, but often enough. I am still relieved that I have the awareness now. ā€œIgnorance is definitely not blissā€ when it comes to investing. + +How do people in similar situation deal with this agony over lost time? + +EDIT: Thank you for all the nice comments and upvotes. + +EDIT 2: Wow. So many comments. Good to see I was not alone and this topic resonated with a lot of you. Thank you for everyone who commented and shared their wisdom! + +EDIT 3: Thank you again for all the comments. This topic seems to have hit a nerve. Lot of great feedback and ideas. +So my sister is in need of a new car. Wants to buy a dodge durango (which I think is excessive but haven't told her that) but our grandparents are offering their old cadillac sedan with 100k miles on it for free, they can't drive anymore. My sister asked me for help because she doesn't know what to do. She isn't great with money at all. She lives with our parents and doesn't pay rent so she should have been able to save quite a bit but she tells me she only has $5000 saved up. + +Her expenses (estimated monthly from what she told to me, so keep in mind it's probably more than what she said) come out to be ~$1570 with a $350 proposed future monthly car payment. Apparently that's what the new car payment would be. She makes ~2599 per month after taxes. + +[Here ](http://gyazo.com/4ad8077e367f4b7de72306d9868d89f7)is a picture of the details, sorry for nothing fancy, just some numbers and descriptions. + +I feel like I am not appropriately recording all if her spending habits since she only has $5000 saved up and what she told me suggests she should be able to be saving more. She's 25 and definitely should have more with how much she's worked. Could I get some advice on what I could tell her based on the information provided? I personally don't think she should be spending the money on such an excessive car. I get not wanting the old small grandma car with a smoke smell and whatnot, but I don't think she should be burying herself 9 years into debt with the little amount of savings she has. Anyways, I could type forever so I'll stop here. Thoughts? + +Thanks for the help. +Hi all. Newly married here, and my husband is seriously into the stock market. I have more of a science/medical background, so I don't completely grasp or understand how our investments work. Husband is knowledgeable and works in the finance field. +Lately, I have been worried about our investments. All I know is he has short positions on tesla and netflix, and that isn't doing so well right now. When it has come up with his friend who does this for a living, he jokes about how sketchy and risky my husband is with his positions. +He will not talk to me in detail about it, and I have no idea how much money we have lost, or potentially could lose. A couple of months ago, he said we lost about 100k, but we made some or most of that back. +I just feel lost since I am not knowledgeable in this subject. He also covers most of our expenses, so I don't know if it's justified for me to stay out of it. We do well with our salary income, but I still feel like I should know what's going on with our money. +Anyway, I am asking you all how can I get him to talk to me about our investments, or what kind of questions I can ask to have a more clear gauge on where we are financially. Any tips on how to approach this subject with him, or what works with your marriage of this topic, would be greatly appreciated. +Hey Apes, + +I thought reposting my NFT Market DD with some spicy updates would be beneficial. I have since updated several sections and add more details, including, projected GameStop marketplace GMV (Gross merchandise volume or transaction volume) and estimated revenue. + +*Note: please turn off dark mode to read graphs and none of this is financial advice.* + +Lots of numbers have been floated over the past several months due to Openseaā€™s rise and MSM covering the sale of NFTs. + +Larry Cheng posted market growth from $85m in 2020 to $19.6b in 2021. + +https://preview.redd.it/b2j0c2cdfwf81.jpg?width=590&format=pjpg&auto=webp&s=aed01c72a42c1cdfe4c8fa38cc88f86d90ade8cb + + DappRadar places the market at $23b in 2021 up from $76m in 2020. + +https://preview.redd.it/by4sbfhefwf81.jpg?width=960&format=pjpg&auto=webp&s=d8c69575e99886396829378ae9d0a25d1f86a0b2 + + **Now that we know the total NFT market size, lets breakdown some NFT sub categories** + +https://preview.redd.it/uwga0s9ffwf81.jpg?width=975&format=pjpg&auto=webp&s=f88b83c3c52c8d2a319975c2a1bebbc697621ec3 + + Below are the two graphs that show the top 5 NFT companies by GMV. + +https://preview.redd.it/grk8voyffwf81.jpg?width=1005&format=pjpg&auto=webp&s=a99d702ed9cfdfd98ddd520c8c955e7e5b96c403 + +[ You can see above that some NFT company GMV has retraced while others continue to grow. ](https://preview.redd.it/sdw5p4egfwf81.jpg?width=1518&format=pjpg&auto=webp&s=98d15411641eafe73e26209cb2f702633f445dda) + +**NFT gaming** + +Spearheaded by Axie Infinity and generated $4.5b in NFT gaming volume in 2021. + +[ In Q3 2021, NFT game items accounted for $2.32 billion in trading volume. That number represents 21.72&#37; of the total NFT trading volumes during the quarter. ](https://preview.redd.it/goqyqv7ifwf81.jpg?width=966&format=pjpg&auto=webp&s=9d6fcf83bdf391de65c233fb522fa21dcd461136) + +[Emerging NFT games include: Axie Infinity, Alien Worlds, Farmer World, Splinterlands, and CryptoBlades. ](https://preview.redd.it/lc3rp73jfwf81.jpg?width=975&format=pjpg&auto=webp&s=28d921a0a54f8cdec7eb33fd0cc4cce62e77afb0) + +https://preview.redd.it/fm6oa0ilfwf81.jpg?width=866&format=pjpg&auto=webp&s=417ce8a61732a5610cf3f851b8a8eabb408c7d6a + +[ Axie Infinity user growth has skyrocketed. ](https://preview.redd.it/shfufbtlfwf81.jpg?width=975&format=pjpg&auto=webp&s=0ed5bf50a1035d76ad1dda24b2b412139ca1e45e) + + **Letā€™s look at some competitors to GameStopā€™s NFT Marketplace** + +[Opensea has been the largest marketplace by volume. LooksRare launched in January and gained volume quickly. ](https://preview.redd.it/5s0c3g5nfwf81.jpg?width=975&format=pjpg&auto=webp&s=a1e924bb8ec4d474a89756c5bcf9127fd5704475) + +**Competitors include:** + +**Opensea** + +Charges a 2.5% take rate. Does not allow users to profit in the fees (take rate) that is collected during each transaction. + +Acquired Dharma Labs. They did this to offer a wallet service that can bridge fiat to crypto, reducing the barriers to purchase NFTs. + +Challenges with insider trading and lack of regulation. + +**LooksRare** + +Launched this January 2022. Take rate of 2%. Already hit with wash trading challenges. Volume has spiked, outpacing Opensea. Volume has been driven by only a handful of users selling between mutually owned wallets to collect LOOKS tokens and share in marketplace profits. This trading isnā€™t indicative of true volume as its coming from wash trading. + +Big difference between Opensea and LooksRare. Anyone that stakes their ā€œLOOKSā€ tokens shares in the fees the marketplace collects on each transaction. Opensea does not allow this type of participation and keeps 100% of their take rate. + +You earn LOOKS tokens from buying and selling NFTs. You can then stake those tokens to receive a portion of the marketplace fees. To earn tokens, you must sell or buy from an NFT collection that has surpassed 1000 ETH trading volume, or $2.5m dollars (based upon a $2.5K price for ETH). + +Up until mid-January, Opensea held 90%+ of the NFT market. LooksRare launched this January and has quickly gained market share due to their unique community profit sharing approach. + +Why has LooksRare succeeded in taking initial market-share? My assumption is the community drive structure, allowing users to profit for marketplace fees. + +It remains to be determined if users can truly participate in profits in a meaningful way or if we will see several users (with capital) be able to stake a majority of tokens to revenue more of the marketplace profits. + +**Steam (Valve)** + +This is a legacy centralized marketplace. They allow you to trade CS:GO skins and weapons for Steam Cash or other skins. Steam Cash can be used to buy other PC games on the marketplace but cannot be converted to fiat money or crypto to use outside the marketplace. + +Third party sites have been created to offer gamers the ability to sell CS:GO skins/weapons for fiat but lack security and regulation. OpSkins was recently shutdown giving Steam users few options to convert skins/weapons into cold hard cash. + +Valve has banned crypto- and NFT-based games on Steam, the biggest PC storefront, inhibiting NFT growth on PC. + +**Coinbase** + +Partnered with MasterCard to allow consumers the ability to purchase NFTs using fiat instead of buying crypto first then making an NFT purchase. + +**FTX** + +Crypto exchange that has created an NFT marketplace. Very little has been covered on the marketplace side of their business. + +FTX is extremely well capitalized and could be competitor in the NFT market. + +**Rarible** + +Most of the information from Dune Analytics is from months or years ago. My gut feeling is this marketplace has unfortunately lost substantial market share and is struggling. Any Ape with further insight to this company would be greatly appreciated! + +Below compares take rates (transaction fees) by marketplace. + +[Microsoft isn't just a marketplace. ](https://preview.redd.it/m64yd7yqfwf81.jpg?width=870&format=pjpg&auto=webp&s=94b47c78a6584ce783612f2036197451d47763b0) + +**Opensea Comparable Analysis** + +Take rate: 2.5% + +Why: tough to convince someone to sell a $100K NFT with a 10% transaction fee attached that either the seller or buyers has to pay ($10K transaction is crazy high). + +[GMV spiked in August due to Axie Infinity and the previously mentioned NFT companies. ](https://preview.redd.it/9gxvc3ksfwf81.jpg?width=1043&format=pjpg&auto=webp&s=8270fcf96d99f99df71af2ff160856cfba937b27) + +[ Estimated monthly revenue by applying their take rate to their GMV. ](https://preview.redd.it/l9yt1fitfwf81.jpg?width=1080&format=pjpg&auto=webp&s=9add7fbd88f7458bbd5ebe1c501b56d00f8f57a1) + +[ Active traders have significantly increased. ](https://preview.redd.it/7u3n7eiufwf81.jpg?width=1066&format=pjpg&auto=webp&s=7df7cf482f8699b3a0c1fb10377d815655263945) + +**Opensea vs. LooksRare** + +https://preview.redd.it/dftnve2wfwf81.jpg?width=1046&format=pjpg&auto=webp&s=6ca1087eee75fd725577410b19f30d850aedd26f + +LooksRare volume significantly increased since their launch. This is driven by their marketplace structure which allows the top performing NFT projects, by volume, to receive LooksRare tokens and participate in all marketplace transaction fees. + +https://preview.redd.it/tbcxlixwfwf81.jpg?width=920&format=pjpg&auto=webp&s=bfbee2688a707e3da2865cec01ffa4db3fae153b + +You can see that users havenā€™t significantly grown for LooksRare. Since users haven't grown yet volume did, this could be indicative of washing trading between mutual parties in order to receive tokens and participate in the marketplace transaction fees. + +**GameStop NFT Marketplace Assumptions** + +Assumptions that we need to consider include: + +Take rate (inclusive of the Immutable X 2% fee on all primary and secondary sales). We need to consider a sliding take rate. Credit to u/Ok-Target-2825 for the insight on a sliding take rate. Opensea charges 2.5% because they canā€™t justify a 10% take rate on a $100K NFT sale. At that percent it becomes too expensive. But a 10% take rate on a $100 NFT makes sense. + +Thus, we need to consider GameStopā€™s marketplace will incorporate a sliding take rate based upon the listing price of the NFT. eBay has a similar structure ranging from 5% to 20% dependent on the category and listing price. + +**Take Rate** + +Assumption: GameStopā€™s take rate could fall in between marketplace only competitors and software engines. According to Immutable, GameStopā€™s marketplace wants to process billions in transaction volume. We should then look to current physical good marketplaces that process similar amounts; this would be eBay. eBayā€™s TTM GMV was $105bn. eBayā€™s take rate is between 12-15% on most goods and 5% specifically on NFTs. + +My take rate assumption is 12%. Immutableā€™s fee is 2% thus GMEā€™s effective take rate is 10% (I will update my assumptions with a sliding take rate). + +**$100m Grant** + +Assumption: This incentivizes independent and AAA game developers to build blockchain based games from GMEā€™s marketplace. We could assume this will quicken the release and adoption of the marketplace. Meaning faster scale, reaching higher GMV quicker. + +**GameStop Milestones** + +Assumption: GameStop will release their marketplace within 2-3 months. They have 12 months to release the marketplace or be fined $25m and miss out on their first 3.7m IMX tokens. GameStop stated two sales metrics, $1.5bn and $3bn within 24months. + +**GameStop NFT Marketplace GMV Projection** + +**Growth Assumptions:** + +After Opensea's massive August 2021 growth, they averaged monthly growth of 6%. + +I have estimated lower monthly millions GMV for the first several months as users become fluent with the marketplace and awareness grows. + +I used a 6.5% average growth rate inclusive of seasonality to forecast GameStop's growth through 2023. Taking into consideration video gameā€™s historic seasonality, you can see GMV and sales increase in Q4. + +GMV grows 2.7x in 2023 versus 2022 due to the timeframe of developing, testing, and releasing games. Blockchain based games can differ in development time due to varying reasons but on average take 12 ā€“ 36 months to build. + +GMV significantly increases in 2023 due to the release of blockchain based games. + +My projected GMV of $3.7bn over the next two years supports GameStopā€™s stated sales metrics in their agreement with Immutable. + +[ I project GameStopā€™s marketplace GMV to hit $1.025bn in 2022 and $2.7bn in 2023. ](https://preview.redd.it/u9t4qpt4gwf81.jpg?width=1049&format=pjpg&auto=webp&s=b9330a2b2ad44fef87fee1c0867625d24b6be737) + +[Applying the assumed take rate, I estimate GameStop will generate $102m in revenue in 2022 and $270m in 2023. ](https://preview.redd.it/5fgvj2y5gwf81.jpg?width=1091&format=pjpg&auto=webp&s=c57b0a97689d5e91b25e520aedc353a9ab2fc3f6) + +https://preview.redd.it/sg15n2x6gwf81.jpg?width=1528&format=pjpg&auto=webp&s=995b991056a8dac499c5b36f847fbda4b40f41e2 + +**I believe my assumptions, GMV, and revenue projections to be conservative for GameStop. We could see significantly higher GMV comparable to Openseaā€™s GMV.** + +&#x200B; + +**Supporting evidence** + +In a recent survey conducted by market research firm [Interpret](https://www.linkedin.com/company/interpret/), 57% of gamers indicated that they are interested in earning NFTs from playing games. Meanwhile, 20% are neutral and 23% are not interested. The survey included 1,502 participants that represent gamers across consoles and PC. + +According to the results, incorporating NFTs into games could also be a driver of retention. Roughly 45% of respondents indicated that it would increase their current engagement levels with games, while just 13% cited that it would negatively impact playing habits. The remaining 42% noted that their engagement would not change. + + **NFT Marketplace Comps** + +https://preview.redd.it/n30swls8gwf81.jpg?width=975&format=pjpg&auto=webp&s=4e9ec43c662ffa46af535fd06268f95dbd3deae0 +I would love a healthy dose of responses to this statement. + +10yrs ago (2010), I began selling old books on amazon and old DVDā€™s on eBay. It wasnā€™t consistent, I was making something like Ā£50 a month. + +I had just turned 16 and I had a few friends who did this online sales thing with me. We used to do everything to keep our little business a secret from people because we knew that, these sites (amazon and eBay) were going to be very popular in the future and we wanted to keep the opportunity to ourselves. + +Looking back now, one can see that we were pretty much sold on both platforms and my much older self would have gladly invested in these companies based on our little success selling online. + +However, when I look at the historical balance sheets of these businesses, especially amazon , I realise that I would have hesitated to invest in the company because they had 0 earnings, PE ratio was ridiculously high etc. + +Today I wonder if that fundamental analysis can sometimes be a hinderance when it comes to picking obvious (amazon was a gold mine for anyone with spare stuff lying around) growth companies. + +I wonder if there was a very clever adult (retail investor without Bloomberg terminal and all that fancy stuff) who figured (10yrs ago) that the internet was going to be the future and aggressively bought shares in some of the trendy public companies back then (Fbook, amazon, eBay, Netflix) + + +Any thoughts on this? + +Edit: Thank you all for the intelligent responses. I am reading and studying your answers for future investments. +Let's consider that Gensler started talking about issues with security-based swaps (*months before we discovered GME was related*) [way back in June.](https://www.sec.gov/news/speech/gensler-speech-london-city-week-062321) + +Also, let's imagine an order wholesaler considered critical to the functioning of today's capital markets was under heavy suspicion for breaking securities laws and has been fined for [doing so many, many times in the last decade.](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) Then, that wholesaler was behind the **unprecedented** events in January with some parties involved blaming it on *the* [*number of orders exceeding their ability to handle.*](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +Months after January, the SEC releases a report with a giant disclaimer on the front page that the report itself isn't even a *statement* by the SEC. + +**Not even a statement?** ***Then why the fuck are you even releasing it?*** + +With these things in mind, and knowing what we know about the Gamestop saga so far, Gensler [just made some very interesting remarks](https://www.sec.gov/news/speech/gensler-securities-enforcement-forum-20211104) pertaining to corporate fraud, high-impact cases, and non-prosecution agreements with repeat offenders: + +Regarding high-impact cases: + +>*A cop on the beat has to balance both the high-impact cases and the everyday fraudsters.* ***A high-impact case pulls many other actors back from the line.*** +> +>***This prompts legal alerts, client letters, and bulletins to go out. Compliance departments, lawyers, and accountants change internal procedures as well.*** + +In case you haven't been following, there have been quite a few legal alerts & bulletins released lately: [SEC.gov | Press Releases](https://www.sec.gov/news/pressreleases) + +&#x200B; + +Now for the best part: + +>*Next, I think we benefit from working in parallel with our fellow federal agencies...* +> +>*For example, last week, Deputy Attorney General Lisa Monaco* [*announced*](https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute) *changes to several Department of Justice (DOJ) policies regarding corporate criminal enforcement.*[*\[2\]*](https://www.sec.gov/news/speech/gensler-securities-enforcement-forum-20211104#_ftn2) +> +>...*DOJ is considering whether resolutions such as* ***non-prosecution and deferred-prosecution agreements are appropriate for certain recidivist companies***\*.\* + +&#x200B; + +By [following the link](https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute) you get: + +>*...data analytics plays a larger and larger role in corporate criminal investigations, whether that be in healthcare fraud or* ***insider trading or market manipulation***... +> +>*...prosecutors have always had to grapple with evolutions in corporate fraud ā€”whether that be the junk bond firms of the 1980s,* ***the various fraud schemes created by the so-called ā€œsmartest guys in the roomā€ at Enron***, *or the prolific mortgage fraud of the 2000s...* +> +>*...We are also going to find ways to surge resources to the departmentā€™s prosecutors. As one example, a* ***new squad of FBI agents will be embedded in the Departmentā€™s Criminal Fraud Section***... +> +>*...we have no tolerance for companies that take advantage of pre-trial diversion by* ***going on to continue to commit crimes***, *particularly if they then compound their wrongdoing by knowingly hiding it from the government. It is hard for me to think of more outrageous behavior by a company that has entered into a DPA or NPA* (no-prosecute agreement) *in the first place...* + +&#x200B; + +Are they dick-waving? Sure. Am I cherry-picking some remarks? Yep. + +That said, if shitadel has received a non-prosecution agreement, after everything they've been shown to be guilty of since January and before, one thing is certain: [this is class warfare](https://www.reddit.com/r/Superstonk/comments/mw6vl2/dtcc_the_foxes_guarding_the_henhouse/?utm_medium=android_app&utm_source=share) and the SEC's mandate of investor protection **is horseshit.** + +# Hey, SEC & DOJ: nullify any existing non-prosecution agreements with shitadel you šŸ¤”s + +*edit:* + +I conveniently left out these quotes also talk about *deferred prosecution agreements*. + +it's starting to feel more and more like someone's time is up. + +so long, kenny! +Lately whenever a conversation develops with my customers, I steer the conversation towards Bitcoin. While most are interested and intrigued, none have yet been into crypto. If they show enough interest, I help them download a wallet and give them their change in Bitcoin . + This St Patrick's weekend, with the city full of visitors, I introduced 23 people to crypto. Hopefully they will go back to their home countries and spread the word. +In the last 12 months, I have introduced over 500 people. +This is how I want to see Bitcoin grow, as a peer to peer method of value transfer, not as a speculative asset. +Although I was something like 6 years away from having PMI removed, I got it removed this month. With the increase in home values, I reached out to my Mortgage Provider. Learned I needed to + +* Have no late payments +* Have the loan for at least 2 years (or less if significant improvement has been made) +* Have a Loan to Value ratio of 75% or below. + +Under the new market value of my home, I saw all categories would be met. + +Next step was to pay $325 to get the home appraised through the bank. This process just involved somebody coming over to take some pictures. Took about a month to get the results back. + + +Results had a Loan To Value ratio just above 75%. Saw that paying a little less then my monthly payment to principal would bring me under 75%. Waited for this payment to post and called the back again. + +It became clear the back didnā€™t have people make it to this step often, because the bank did not really know what to do from here. After a week of back and forth PMI was removed and I saw my monthly payment drop. + +Overall this was a few hours of work and saved me over $8k over the life of what PMI wouldā€™ve been. +Last week I appreciated a lot of educated comments on oil & gas forecasts (see [post](https://www.reddit.com/r/CanadianInvestor/comments/uz4afx/your_forecast_on_energy_stocks/)). Quite a few people were of the opinion that "oil will definitely not drop back to $80, let alone $50." + +This got me thinking, let's pretend we're in May 2023, and oil is now $60/barrel and falling. What would be your "see I told you so" reason? (The Russian invasion ends? China demand collapses? Worldwide recession?) + +I remember back in 2013, oil price was high and everybody said oil will stay above $100 forever; then during the oil downturn and layoffs, many felt oil is dead and it won't recover...it's natural to go with today's sentiment and miss the big picture. + +Serious replies only, thank you! +Hi all, + +Let me preface this with saying I know enough to know I don't know a lot. I have roughly 240kcad to invest (in TFSA, made from weedstocks) so that I can live off the dividends in Asia. At 4.5% annually it is enough to live (assuming health care if covered). + +My question is: am I too under diversified? I can't see these companies going bankrupt and if it dips hard I'll just continue to collect dividends. These are strong companies with history of dividend payments, however I am only invested in Canadian market. + +Telus $40,029.08 49.59 807 shares +RY $35,093.00 101.69 345 shares +CM (CIBC) $35,316.65 330 shares +TD $24,330.47 72.99 332 shares + +Ill be looking to add AQN and Enbridge. I don't want to buy etfs as I dont like the MREs and I believe these are solid companies, but like I said I dont know enough probably. + +Please roast me kindly. Thank you + +Edit: I will add Enbridge and/or AQN, and will add CU. Not comfortable with REITS (dont know enough and don't trust canadian real estate after its blown up so much last 8 years.) any other tickets/sectors? Trying to keep canadian so I dont have to pay the 15% fee + +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Lots of grey candles. But a massive amount of volume. 1m candles. Never seen this before. Anyone know what's going on. I wouldn't expect any Grey in high volume days. I'm much more expect to see it in Gme. Less volume and less volatile +Real estate has become a passion of mine recently and I want to pursue investing. Iā€™ve been doing everything I can to learn, even enrolling in real estate agent pre-license courses. Itā€™s one thing to read about it but I want to see the process in person and ask questions. Iā€™ve thought about asking brokers around me to intern however Iā€™m not really sure how to go about it. What do you guys think is the best way to find a mentor to show you the ropes? +Was able to average down the other day. Used my remaining ammo the other day and now I missed this dip which is disappointing. Till next payday! + + +Not gonna lie, this really sucks to see that the current price is the lowest in months but who gives a shit. We expected this and forgot to use the sell button. + + +Zero or many zeroes motherfuckers! +As the CryptoCurrency subreddit requested, here you have the full analysis (D.Y.O.R) we did for Loopring (LRC) with our findings. Due to the length (23 pages) and complexity of the report, you can see here only the summary with the conclusions. From now, we have created a grading system for every project and a more objective calculation of confidence meters. + +https://preview.redd.it/smgnasbjgto81.png?width=837&format=png&auto=webp&s=5dfa63e949b6ef3b200fb27d301fa493a8b1b3b9 + +The full report is available at: [https://runus.tech/reports/loopring\_report.pdf](https://runus.tech/reports/loopring_report.pdf) + +If you are interested in seeing more reports, you can find us at [r/runus](https://nn.reddit.com/r/runus/) + +Your feedback is appreciated! + +Disclaimer!: **The HODL meter** has little correlation with the confidence meters. The **confidence meters** as you will see in the report are analyzing the project from a non-investment perspective to check if we shall trust the project and its "story". The HODL meter takes into consideration the current global monetary policy, the current market trend in different markets, macroeconomic situation worldwide, and consumer perception. + +Enjoy! +UPDATE: I called the dental office on my lunch break. I explained that I received my EOB and noticed I should have just paid my deductible of $50 and nothing more. The office manager looked up my account and agreed. I asked what happens now? And she told me I would have a credit for the next time I came in. I explained my preventative and basic procedures are all covered 100% so I would rather have a refund. She said she was not sure if that was possible. I said I paid with my FSA and did not want to get in trouble with the IRS since only $50 is a covered charge. She agreed and said she would call me back. She just called me back and asked if they could just refund the $80 to my card and run it again for $50. I agreed so it was settled. I have decided not to pursue this further and have learned not to make advanced payments that I don't agree with (in various situations too!) + +Thanks everyone for your helpful advice! + +&#x200B; + +OP: + +So this dentist I go to has this practice where they have you pay your estimated portion for services rendered while they bill the insurance company. I only just got dental insurance this year so I used to pay in full previously and didn't have any issues. + +Recently I went for a filling and they charged me $80, even though my deductible is $50 and that is all I should have paid. They say they only do credits, not refunds and they wouldn't know how much I should really have to pay until they bill my insurance company. I have asked others that go to this dentist and they do this same practice all of the time. + +&#x200B; + +This seems shady to me, if someone has healthy teeth and only needs preventative care why would they need a "credit" at their dentist office? I believe it is to pressure you to buy their overpriced toothpaste so you don't "lose" your money. I think they need to refund us or not overcharge us to begin with. Is this normal practice? + +&#x200B; + +&#x200B; + +Edit: To be clear, I understand they may not know the exact charge at time of service. However, if it turns out I paid too much I believe a refund should be an option and they are saying they ONLY do credits, no refunds whatsoever. + +&#x200B; + +Edit again: I am in FL, USA + +Edit with EOB: Since so many people think I am guessing at what I owe here is a picture of my explanation of benefits for the service in question. + +&#x200B; + +[https://imgur.com/Y8urKXY](https://imgur.com/Y8urKXY) +Before the obligatory /r/ShitAmericansSay, I'm British and live in the UK. Now that's out the way let's begin. + +* the USD is a super strong world reserve currency. +* Most of the major tech companies in the world are American. +* US companies are global rather than regional which allows for massive growth. +* Startup culture in the US is highly encouraged and handsomely rewarded. +* The US is at the forefront of current and future industries (Space, AI, Pharma, FinTech, Robotics, Energy and more). + +Of course there are very brief periods where the US market becomes over invested and there's a small period of time where other countries outperform the US but in the **long run** the US always wins. They have been winning the investing war since the 1900's and I don't expect it to change any time soon. In fact I expect it to get much much stronger. + +Compare it to the UK for example where most tech companies remain private because we have dinosaur regulations that make it undesirable to go public. Seed money is hard to come by because investors prefer to invest in property over innovation. Any tech that we do actually create that's worth anything gets bought up by US companies. Combine this with a weak AF GBP / EUR currency and it makes investing in the US a no brainer. + +I know a lot of people will disagree with this post but I'm open to different opinions on why people believe the US won't continue on their current path of pure technological dominance. + +Just compare the charts of the US to the charts of the UK for example, it's astonishing how much the US indexes have grown compared to the UK. + +tl;dr The US is an innovation behemoth with boundless talent while the rest of world is being left behind in the dust. Sure there are specific individual companies scattered about the world which do something specific better than the US but from an index investing point of view, no country beats the US and no country ever will. The US is a powerhouse of ambition, dedication, talent and money. +One of the first things I learned about finance is that interest rates are a tool to ease inflation. + +How come the US is so much more proactive in raising interest rates despite having better inflation numbers than the UK? + +US: 4.25-4.5% IR, 7.1% YOY inflation + +UK: 3.5% IR, 10.6% YOY inflation. + +My first guess was that UK want to inflate away our debt, due to our debt to GDP being high (~80%), but it turns out the US is way higher (107%) - but maybe it's the case that being the world reserve currency changes the risk of that though. + +Any ideas? Are we just worse at managing money or is there a decent reason for the discrepancy? +Seriously. Iā€™ve picked a ton of winners but VZ is justā€¦ down. Even QYLD is outperforming them over 5 years in terms of growth and itā€™s the opposite of a growth stock. + +Take a loss and sell? Is there a compelling reason to keep holding this bag and hope it turns around? +I am in my mid 40's with kiddos at home. My last job in the financial sector was absolutely sucking up my energy and slowly destroying my mental health over the course of 10+ years. + +I was borderline ready to FIRE during the pandemic as you all have known, the stock market performed incredibly well while we all had a taste of WFH full time. My "One-More-Year" syndrome definitely kicked in. + +My family's bloodline is rampaged with cancer for three generations. Unfortunately, I didn't escape the fate and fell ill as well. Good news is that my condition is completely treatable. + +Coupled with my mental health state, I took a paid 3-months Medical leave 13 months ago to focus on treatments. + +My folio has dropped 18% since the downturn and it did impact my FIRE number. Therefore, I was fully anticipating going back to work after maybe 3 months off. But that didn't happen. 3 months off turned into 6, then 8, 10 and a full year. When I was given ultimatum from my employer at month 12(my employer is incredible generous and I am forever grateful), I listened to my inner voice and gave my notice. + +I am sitting here typing my first post-FIRE post as a free person to summarize something I learned from the past 13 months. + +Some numbers here: + +Firecalc score :35 year 94% success rate, but 45-year only has 85% success rate. I am 45. + +1. There are more important things in life than a 100% FIRE number. I know as of now with the stock market's not-so-impressive return, I am a bit short from my 100% number. But I am taking a leap of faith and pulled trigger anyway. As a free person, I am able to spend more time with my parent who is also struggling with cancer. I can spend valuable time with the kids while they are still young. +2. The stress from a job is real. After I was completely off work and started taking care of my sleep, nutrition, workouts and my treatments, my once-massively grey thin hair changed and now I have much healthier thicker hair. I am healing much better than anticipated. +3. Going back to "Hey, you haven't hit your number 100% yet" debate. We can't predict the future. My number is OK if I live till maybe 80, but my number might fell short if I live longer than that. But one thing I do know, my present is what matters. Knowing I will be OK financially in the next 30-35 years is enough of an assurance. What if I drop dead at age 70 and I waited in my 40's cuz maybe, just maybe I might live past 85 is not a good enough reason for me to sacrifice "present time". NOW is what I need to heal, to help my parent to heal , to help my kids to grow. + +35 years is a long road ahead and so many things could change. There are literally endless possibilities in a human's 35 years of living. I just don't think my future should be defined by one formular. As long as I am fluid while dealing with the future's unknown, I have faith that things will work out. + +There are a few things I did while I didn't have W2 income to prepare for a possible FIRE (meaning, my tax rate will be low): + +1. I started Roth ladder by converting a chunk of my 401K into 401K Roth each year (2021 is my first year). I use Fidelity and they are great with this type of conversion. Note that conversion is taxed as ordinary income. The long term cap gain is only taxed at 15% if your income is more than $80,800 for married, $54100 for HH and $40400 for single filer. The Roth conversion within my 401k is ordinary income so by keeping it low enough, I can sell my stocks in my taxable account without paying cap gain tax. The money from my taxable account will fund the following years until 2026 when I can withdraw the principle I converted in 2021. +2. My W2 income was too high to invest in Roth IRA in the past. Now I make sure I invest full amount each year in Roth IRA. I still had W2 income in 2021. In 2022, my W2 is zero but I have a little income from Schedule 1. +3. I battled with the disability insurance company to gain some benefits beyond the first three months. The medical records needed for approval were massively confusing. Insurance companies are designed to not pay anything even though my employer purchased disability insurance for all employees. It took a lot of persistence and patience to finally receive approval and it was worth the struggle. So if you are off work due to medical reasons, you should explore this route. + +I took on a couple of endeavors I've always wanted to do during my time off: + +1. Completed 2/3 of my YA Sci-Fi novel with 400,000 words so far. Another 150k-200k to go and I will self publish. As a "number" person all my life, testing my creative writing ability has been exceptionally rewarding mentally. And I believed it contributed to my mental health recovery. +2. I traveled extensively and finally earned United 1K. Having 1K and traveling to Europe means that the chances to be upgraded to Polaris are quite high. I was upgraded on 3/4 trans-Atlantic flights and 2/2 trans pacific flights. I am about to take another trans pacific flight later this year and it looks very promising to be upgraded. + +May the new stress-free life brings peace, health and prosperity for everyone who is already there and those who are marching towards it. +Last week i signed up for a trading account and the "free" advisor i was allocated was aggressively persuading me to invest heavily. He asked lots of questions of what saving i had etc, but i now think it was to build a plan around what to get me to buy to make me to reinvest further. +I invested Ā£25k :( + +I know i've messed up and was all my fault, but i gave too much trust to the person i was speaking to....anyway i'm now at this situation where i have several open trades, at different volumes all running at a loss: + +Tesla - BUY - 0.5 = -Ā£3516 (daily swap fees of Ā£200 a day) + +nasdaq\_M21 - BUY - 0.25 = -Ā£9500 (daily swap fees of Ā£150 a day) +nasdaq\_M21 - BUY - 0.25 = -Ā£6000 (daily swap fees of Ā£150 a day) (hedge position) + +nasdaq\_M21 - SELL - 0.25 = +Ā£6000 (daily swap fees of Ā£150 a day) (hedge position) + +nasdaq\_M21 - BUY - 0.10 = -Ā£700 (daily swap fees of Ā£35 a day) + +Basically because the first nasdaq trade started to lose money (cos he told me to buy 0.25 volume - because he said its quicker wins) he told me to open this hedge position thing, by opening and buy and sell trades...but this left me with no money ...so he said i had to add funds before my margin % hit 50% else it would auto sell...so i added all of my remaining money ...another Ā£10k - but i dont know what to do.. + +Any advice welcome as i just dont know what to do to try and get out :( +I believe so. Recently there were some fake emails posted that reported to be from CLSK. The user who posted them knew they were fake when they were posted. Should behavior like that earn a ban from this sub? + +Edit: some of you seem to think I'm salty because I'm a bagholder. No, I made money off CLSK. By nature, penny stocks are high risk for P&D. Do your DD, and trust but verify. +I feel like I see it all the time, people arguing for gold to be used as a backing to the currency. "Every dollar has to be linked to a piece of actual gold in a vault somewhere" thus giving the money itself real value. + + +I would argue that gold is marginally more valuable than money (it does have its uses in electronics, other than that I canĀ“t see any improvement over electronic currency). That real value people keeps mention is to be honest the same real value that money currently have; The value WE give it. A person is willing to work a full month knowing he/she will be given either a lump of gold or a paycheck. What is the difference? + + +Then again I used to keep getting these thoughts about the economy as a whole as something going down the toilet because we no longer produce anything anymore (Swede here, very few industries left.) and that that somehow would be our doom because you have to produce things that has real value, right? Financial advice, designer clothes, interior design, entertainment, landscaping, none of that has any real value (clothes arguably has value, but the design mark up doenĀ“t). Things like a roof, heat, medicine and food, those are some things that hold true value to us as we could literally die without it. + + +So is the economy fucked now that the things we produce with actual value accounts for less and less of the total GDP of the world? IĀ“m starting to think it really doesnĀ“t matter. As long as money is moving our personal financial situation is not affected negatively as a result of our societies producing the "wrong" goods. There are no wrong goods, as long as someone is willing to pay for it, it has value and that can help someone to put food on their designer table. +As far as IĀ“m concerned, necesseties aside, we could all work in a cinemaplex selling pop-corn to eachother. +Obvisously, I have not concerned my self with the environment at all here. Just vomiting out my thought on an electronic paper, getting ready to jump in my car to go to the mall and keep this world afloat. +Job 1 Salary: $90k + +Job 2 Salary: $95k + +Job 1 Bonus: 10% + +Job 2 Bonus: 15-30% + +Job 1 comes with one-time 10% signing bonus, pre-tax. + +Here's my pickle. Job 1 is what I want to do long-term and will give me an "in road" towards that path, but slightly more risky. Job 2 is what I've been doing, and I am good at it, but I don't want to be Job 2 for the rest of my career, but more of a stable option. It's hard passing up a 30% bonus though. I might still have an option to get into the Job 1 industry even if I take Job 2, but there's no guaranty. Any advice on how I go about deciding? +Like many fellow apes, I hated my job. I had been looking for a new one for a couple of years, but never found anything that sounded better than what I had. On Monday of this week I checked my favorite stock to see if I could give my two weeks notice yet. Unfortunately, it was not time yet. As the week went by, I had an epiphany. After 4.5 years at my current employer, I have a 401K with almost $90K in it. Back in January I tried to find a way to get it invested in GME, but the employer-sponsored plan only offered their set list of approved funds. I did have a $60K rollover that I was able to move out of my 401K and into a brokerage IRA that netted me about 300 shares. On Wednesday, I decided to quit my job in order to have access to rolling the rest of my 401K into my brokerage IRA. I have emergency savings and I can find another job pretty quickly, even if it's not the one I want. I was going to give a two week notice, but my boss declined as they already had someone in mind to take my role (perhaps I wasn't going to be there much longer, regardless). The good news is that Vanguard is quick. I made the request on Thursday to roll the funds over and it's already been processed. It will be in my account on Monday morning. Aside from my emergency fund, I guess I can now say that I am all in. +Hi fellow apes šŸ¦ + +There have been several DDs that talked about the price floor increasing over time, but I had not seen any further analysis into this. We will look at the percent increase in share price between price floors, as well as volume changes and time. I found some VERY INTERESTING TRENDS. + +\---------- **BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory šŸš€šŸš€šŸš€ + +**TLDR: Since Feb 24th, we have seen the price floor increase 4 or 5 times with half the magnitude each time but with increasing frequency. If continue this trend, then we could already be at a new price floor of $160 as of yesterday, then a price floor of \~$161.5 by mid week, then a final price floor of \~$162.5 by the end of the week. At that point we would see less than $1 variability on the stock until it breaks the trend. šŸš€šŸš€šŸš€** + +&#x200B; + +**---------- Increasing Price floor** + +This graph is taken from tradingview with the NYSE direct data add-on. Each candle is 4 hours. + +After each rally, I looked at the **lowest point that was never retraced** after the next rally and made an **orange line**. + +Those point were at **$47, $86, $116, $137, $148 and $155** + +Those lines were then measured and the **values in the blue boxes show the absolute share price increase as well as the percent change.** + +https://preview.redd.it/g4pow8rnlxx61.png?width=1749&format=png&auto=webp&s=dcc11b54fa5a11e3dbbc238b849af3e0fd1ea4b7 + +As you can see, since February 24th, we have seen the **price floor go up by 80%, 35%, 18%, 7.5% and 4.8%**. While not a perfect, you can see the **general trend to be \~50% less each time.** + +If this trend continues, then we would expect the **next floor price increases to be \~2.5%, \~1%, \~0.5%**, which would equate to a price of **\~$160, \~$160.5 and $161.3**. After that we are talking about less than $1 changes with a **final price of \~$162.50**. + +As you can see, **variability is getting extremely low** and we **may have already hit a new price floor of $160** after that little rally we had last week. + +&#x200B; + +**---------- How often is the price floor resetting?** + +&#x200B; + +Below is a graph of the **average GME trading volume by week** (Total volume of week divided by number of trading days). + +The **weeks highlighted in orange** are the weeks that we **saw the price floor increase**. I also highlighted last week as a potential new price floor but we will need to wait to see if that is true. + +&#x200B; + +https://preview.redd.it/f9sa6z30pxx61.png?width=1035&format=png&auto=webp&s=9d09e58ba23b9b193b0e97db41dcff0c612af2f5 + +As you can see, it was **\~4 weeks** between the first increase, **\~3 weeks** between the second increase, **\~2 weeks** between the 3rd increase and potentially only **1 week** to the 4th increase. + +This also corresponds very well to a **near halfling of trading volume as well.** + +If we continue to follow that trend, we will start hitting the **new price floors within the same week, and a steady state within the next two weeks.** Next week should be very interesting!!! šŸš€šŸš€šŸš€ + +&#x200B; + +**---------- So what is causing this?** + +That is a great question and **I wish I knew the answer!** It really looks like it is a trading algorithm that is causing these new price floors and that **a price of $162 was always the endgame** since it rallied back in February. + +**What will happen once the price stagnates at $162?** Again, I have no idea, but if we look at the larger wedge trend that has been forming, I think we will then be at end of a falling wedge, which could be indicative of a price breakout above the trendline. + +**Now of course this may be true for a normal stock, but we know GME is anything but normal.** + +&#x200B; + +https://preview.redd.it/oxrpk4jh0yx61.png?width=924&format=png&auto=webp&s=792040b40fa7381bc15d5768a4336c6dcc7131a2 + +All I can say, is that this stock is getting to a breaking point and if we continue to follow our trend, **we could see something happen (one way or another) after our variability gets to under $1.** + +**---------- TLDR:** + +**Since Feb 24th, we have seen the price floor increase 4 or 5 times with half the magnitude each time but with increasing frequency. If continue this trend, then we could already be at a new price floor of $160 as of yesterday, then a price floor of \~$161.5 by mid week, then a final price floor of \~$162.5 by the end of the week. At that point we would see less than $1 variability on the stock until it breaks the trend. šŸš€šŸš€šŸš€** +I need some help from the Investing community on this one. My brother-in-law is not a very well educated investor. He's one of these people that knows just enough to be dangerous and is always looking for the ways to make 1000% profits. So far it's been trading small amounts of somewhat well known stocks and trying to market-time things with no success. My sister tolerates this because it hasn't touched their retirement or savings. + +But starting last week, he's been asking my advise on this OTC stock called Cellceutix. (OTCBB: CTIX). With barely even looking at the stock I told him to stay clear. After some more emails, I looked in to it further and I still think it's way too risky, there's not enough outside info, and just smells bad. (Sorry for the lack of fundamental insight, but I don't know which numbers I can trust). + +So last night I get a call from my sister saying that he's getting ready to put a sizable portion of their savings into this stock and she's worried about losing most or all of it. And I think she's right. The only thing that will stop him at this point is if I can find multiple solid reasons to avoid this stock. So I'm asking for some help because I'm just not knowledgeable enough and don't have the tools needed to do this. + +What can I give him to get him to avoid this stock? Thanks! + +**Edit:** Thanks everyone for the insight on this stock. I knew it was bad, but now I was able to explain exactly how bad it is and why. I managed to convince him to stay with the blended portfolio approach that I set them on a few years ago. + +As for their relationship, it's actually really good. He's not a reckless gambler but really just a big dumb goof that gets really easily convinced that something 'too good to be true' really can be true. (Don't get me started on all the links he sends me about 200mpg cars that run on water or air or whatever pseudoscience and I have to explain to why it's not true and etc.) My sister ensures me that she will always have the final say on any big purchases or investments. I believe her in this but I think it's a verbal agreement rather than a contractual thing. + +Again, thanks. My sister sends everyone here a big hug and delicious virtual brownies. +Dividend investing is very popular in Canada - for some good reasons and some not so good reasons. Overall, my argument is that Dividend investing has some psychological advantages and perhaps some DIY advantages, but it also has quite a few disadvantages too. + +**1. There are no return advantages and only very minor advantages to having more shares.** + +- In an efficient market (which it is not, but over the long term it is reasonably efficient), and two perfectly equal companies in earnings, profitability, etc., a non-dividend paying company and a dividend paying company would earn the exact same return over the long-term (this assumes the return is ultimately (long-term) based on reality of the company - which is distorted in the short-term) + +- Over time, because of dividends, you would end up in a situation where you would own more shares in the dividend company, however, if they are equal companies, then you might have 10 shares of the divided company worth $7, but then you should have 7 shares of $10 for the non-divided company (this would be true for averages rather than at any one point in time) + +- having more shares means you have slightly better control over rebalancing and liquidity, as you can sell in smaller units (very minor advantage) + +- DRIPing a dividend stock essentially returns its value to what that same company would have if it didn't pay dividends + +- this all assumes neither company is returning investment through other means (ie/ buying back shares) + +- there is a lot of research that demonstrates that this theory of stock pricing is very real and actual, however, there is more to the story + +**2. Filtering by Dividend paying versus non-Dividend paying shouldn't give you better returns (disadvantage) but in practice it often give "good" returns than a random sub-set of stocks (advantage)** + +- in theory, restricting your stock picking to just dividend stocks means that you have a lower chance of beating the market because you are searching for the needle of performing stocks from a smaller subset of the market; this has been likened to restricting your stock picking to companies that start with the letter A, it makes things harder + +- that being said, Dividend paying stocks, in particular Aristocrats (consistent payments that increase over time) have a higher probability of having other factors that mean they might give a better return than other stocks (ie/ value, profitability, good fundamentals, etc.) + +- so, in practice, randomly picking an Aristocrat has a lower standard deviation (range of outcomes) and will likely be a positive outcome (though not more likely to be a market beating outcome) than a random stock from the whole market + +- in this sense, dividend stock research is choosing stocks from a "safer" subset of the stock universe, and also a generally less volatile subset of stocks, which is an advantage in that it is easier to find okay to good stocks + +- on the other hand, it is also a subset that is not likely to have more market beating stocks and perhaps may actually have less market beating stocks (depending on market conditions) - over the long run, dividend stocks will not have more market beating stocks, and being a sub-set of the market, would have less market beating stocks than the market as a whole + +- since dividend stocks tend to be middling in returns (not losers, but also not beating the market), your best expected outcome seems to be matching the market return, but with the added risk of stock picking (disadvantage); an index or total market ETF would reduce the stock picking risk for the same return + +- stock picking strategies (wether by DIY investors or professional investors) statistically, over the long-term, rarely beat a broad-based index total market ETF, so choosing dividend stocks will always add the "stock picking risk" without any expected extra returns (which means "you" still might beat the ETFs, but taken as a whole, "we" won't) + + + +**3. Psychologically, Dividend stocks have advantages** + +- Thinking of your stock value as "principle" and the dividends as "payments" or "interest" makes it much easier to use a long-term investing strategy (which on average is much better than short-term), it makes it easier to not panic sell, and easier to rebalance your allocations without selling + +- Knowing when to sell, and having the confidence to sell, a stock is one of the most psychologically difficult tasks due to greed and fear; being forced to divest some of the returns of your stock position each quarter (or month) makes this easier and a DRIP means you can still compound your returns and stay fully invested with the option to withdraw or reallocate - not selling as often takes the psychological fear and greed out of the withdrawing returns equation somewhat + +- Being forced to withdraw some returns through dividends has disadvantages in that you may be taxed at an unfavourable time (taxes will be explored later) and may not fully DRIP causing more complexity to stay fully invested (minor disadvantage) + +- Not having to sell to gain some liquidity in a bear market because of dividends has psychological advantages, but in theory, no long-term returns advantages (the higher prices of the equivalent non-divided stock means selling some would reduce the price to the same level as the post-dividend stock price over the long-term averages between selling in bull and bear markets) + +- dividend stocks tend to be low volatility, making it easier to track the highs and lows as they tend to stay in clearer bands and move slower, requiring less checking and watching + +- dividend stocks tend to be large cap, established, mature companies, which are reassuring, easier to understand in terms of valuations and their relationship to price, and easier to research and trust and "believe" in + +- dividend stocks tend to be clustered in certain sectors making diversification across all sectors a little harder (minor disadvantage) + +- if your research/DD skills are middling to poor, screening by dividends makes price valuations easier as the companies will be similar to each other and work in analogous ways (ie/ evaluating a good price for RY is much easier than evaluating a good price for TSLA or some other growth stock). (sort of an advantage, but also adds much more risk than buying an index ETF as you are choosing winners from a much smaller subset that may have no winners in it) + +**4. Tax implications: advantages and disadvantages** + +- A focus on divided stocks from outside of Canada often means some sort of extra tax (ie/ withholding tax) that can sometimes be recovered but can also add complexity in account allocation and paperwork + +- A focus on Canadian dividends means a reduced tax on the overall returns from a stock due to preferable tax treatment. + +- Being forced to take your returns as dividends means you pay more tax now, but less tax overall: A stock has a value of $100 when you buy, and it then grows to $110, your capital gains is 10%. If you receive $10 in dividends, you pay tax on the whole $10 (at a reduced rate); if you sell $10 worth instead, you pay capital gains on $1 (10% of the amount you sell) which is less taxes paid now, sometimes. Eventually, those capital gains taxes will add up to more, but at the current point in time you pay less taxes (minor disadvantage, with a relative overall advantage assuming it is not in a TFSA or RRSP and highly dependent on your tax situation). + +- restricting your picking stocks to those that give a minor tax advantages rather than those that are expected to beat the market means you have a lower chance of beating the market as you are picking from a smaller subset so there are less outcomes where your subset of a subset beats the market than someone choosing a subset from the whole market (ie/ gain a small amount in tax efficiency but with higher risk with no expectations of higher returns on that higher risk beyond reduced tax overhead) + + +**Conclusion** + +- Dividend paying stocks (particularly Aristocrats) are easier to evaluate and price, generally have lower volatility (and may have a higher probability of having another risk factor that generates expected returns: profitability, value, etc.), are psychologically easier to hold long-term and through bear markets and don't require making selling decisions as often, and can (in some accounts and situations) have positive tax implications (not in TFSA or RRSP). + +- Dividend paying stocks (particularly if they are your overall investing strategy to the general exclusion of non-dividend paying stocks) add risk that doesn't generate expected higher returns, being only a subset of the market making the probability of finding the best stocks lower, tend to be middling in terms of returns (less often negative returns, but also less often market beating returns compared to a random stock from the total market = low-volatility), may have sector or geographic diversification problems, and are generally more risky than a total market fund without any expected upside in returns beyond saving the MER. + +**please note** - examples of where your dividend stock picks beat the market, particularly over this last year or over a small period of time, is not proof that a dividend stock picking strategy beats the market, on average, over long-term investing, reliably (more than 50% of the time); examples where you made "comfortable" returns - but they were under the market return - are fine for you, but irresponsible if advocated for others or recommended to others when they would make more using a broad market ETF + +Finally, I am not recommending any strategy in the information above, just trying to as objectively as possible lay out the advantages and disadvantages of divided stocks so that investors can discuss and make informed decisions. Of course, do what you want and feel comfortable with. +What Iļø propose is that we use bounty0x to post jobs for real world adoption. + +Iā€™d like to start this off with an offer of my own. $2500 usd equivalent in Raiblocks for anyone who can successfully integrate Raiblocks as form of payment on my big commerce web store. Iā€™ll be posting on bounty0x soon once I figure it out. + +Hopefully someone else chooses to post a task and bounty as well. + +Remember folks... crypto currency is about as valuable as beanie babies if we donā€™t get real world adoption. +&#x200B; + +https://preview.redd.it/pl7cxdujt4s71.png?width=840&format=png&auto=webp&s=9109ab81420ff27da2c1c51330ba8d7efc3f7856 + +# Preface + +I'm not a Mathematician by trade (who is, seriously?), but I did take a course in Set Theory and know a thing or two about databases (my trade). This post is meant to educate on foundations of databases, provide likely support for account# case, and not hope. **"Hope" is simply not needed, just logic.** + +There's some confusion currently surrounding "Ascending" Account Numbers as seen here: + +&#x200B; + +https://preview.redd.it/2dpvh1znt3s71.png?width=563&format=png&auto=webp&s=ef8996af386d8563149a145d65e3758dffa03f35 + +# Define ascending: 123456 or 153769,11? + +How is ascending being defined here by their media spokesperson? I 100% agree it's not linear manner, **this both a security risk and risk of database IO collisions.** + +1. If you have access to landline and linear-time you can bleed location information about account # and personal information. +2. **DATABASE IO** , When you are creating new rows in a database in a RAID/Cloud the database software will lock local regions of memory from editing/writing. This leads to collisions when you're creating/editing 1000s of new accounts, sometimes at the same time. + +Both problems are solved if you assign **non-sequential** account numbers. + +&#x200B; + +# Shills: BuT DoEsNt MeAn AcCoUnT nUmBeRs MeAnNoThInG? + +Nope, check out the overall TREND of account numbers. There are many ways to think of this engineering problem - Load balancing, IO collisions, staggering, locked partitioning, unique key generation, etc. + +https://preview.redd.it/ze7kpa1pt3s71.png?width=605&format=png&auto=webp&s=fd78ebec28183ddbfcaabbcbcb2ea851a29d2ff2 + +# Engineering Justification Account#s are BALL PARK estimates + +It's well known to old database engineers, databases are designed around set theory as a means to organize and normalize data for relational purposes. + +&#x200B; + +https://preview.redd.it/slwqb45rt3s71.png?width=571&format=png&auto=webp&s=91397376c6a3d9f029468d269a2631522e56f97f + +**The Logic (assumes basic database knowledge):** + +1. Databases record Account numbers in rows, through use of foreign keys to link account details to Account#s. +2. Databases are closed sets (database normalization, literal definition of foreign/primary keys). +3. Rows in Databases are Tuples in Set Theory of closed sets. +4. Thus Account#s must follow the same rules as Mathematical Tuples in set Theory. Wait there's more! +5. Closed Set Tuples are countable!!! [https://math.stackexchange.com/questions/205125/is-the-set-of-ordered-tuples-of-integers-countable](https://math.stackexchange.com/questions/205125/is-the-set-of-ordered-tuples-of-integers-countable) +6. **Thus Database Account#s must also be countable !!!** + +&#x200B; + +# Why is countable Account#s important? + +Countably in Math is special. In essence this means it provides a roadmap from acct#A >> to generate the next acct#B in an orderly fashion. + +This youtube video explains really well, but if you still don't get it don't worry, I'll provide other explanation below to help drive the point home. [https://www.youtube.com/watch?v=Uj3\_KqkI9Zo](https://www.youtube.com/watch?v=Uj3_KqkI9Zo) + +For Account#s, the simplest countably for you to understand is a repeating process of +1 to the previous acct#. 123456 or other examples. **But as discussed this fails both security and IO collisions,** and I agree linear ascending account numbers is ill advised to do in real life. + +Instead Database designers have opted for backfilling numbers or even better yet, injecting some randomness in Account# creation to work around real world requirements. + +214365798 (Add 2, fill odds) + +143276598 (Add 3, then back fill) + +**135246879 (random fill for security) << Best engineering/math solution** + +13579,22 (holes possible, but total waste of memory) + +This is commonly referred to generation of unique keys. But notice in all cases, numbers go UP to account for new account#s and will ball park estimate the total number of accounts! Do not let MUD/FUD set in. + +# EDIT: The Larger issue with DRS. + +Itā€™s come to my attention and agreed if the problem was simply managing *single* account records, this load balancing is overkill. + +**However this is DRS,** each share gets itā€™s own unique ID as well. This greatly increases transaction times and you canā€™t just change a single integer of shares owned. You **must** change each individual share record and corresponding owner!! + +Layman terms this is the difference between saying ā€œChange the ownership from 100 to 200,ā€ to ā€œFind 100 additional shares then change the ownership of each one.ā€ + +This is why multiple simultaneous databases connections are required the increased transaction latency and bottleneck is ripe for collisions. Actually this is block chainā€™esk and why replacing DTCC is such a large task. + +&#x200B; + +# TLDR, Conclusion; + +1. Backend load balancers are staggering account numbers, with an overall consistent uptrend. As strongly evidence by this exact observation overtime of account number assignment, backed by decades of database design and mathematical set theory. +2. Account numbers are Valid indicators of the number of registered accounts. +3. Just not strictly, 1, (+1), 2, (+1), 3, (+1), 4 +4. Problem arises when DRS requires each share to be registered with uniqueness. + +======================================================= + +edit: fixed pictures, some spelling +Got 2k Canadian to spend , not a fan of the market currently but looking to make some weekly money. Was thinking about Mara or riot to get some crypto exposure. Thoughts? +Been investing for over 10 years, always been interested in options but never got around to learning. Lately been buying shares of meme stocks off WSB and dumping them at fist sign of weakness (gone pretty well so far) but I know its very risky. Happened upon this sub and now I really want to trade options and safely! So what would resource you guys recommend for understanding option price movement, implied volatility, hedging, basically all the technicals i need to know to trade options. +I have a size able amount of money in TSLA stock. Typically I use margin to sell cash secured puts on TSLA that is anywhere from $50-$100 below the current stock price, with the expiration typically 6 weeks out, and usually closing the option at 50% profit, or rolling the option near expiration if I'm underwater. Typically I'll only use 60% of my account size in margin, because I don't want to get margin called if TSLA does a massive drop. But I started thinking, why not sell 0 DTE CSP with the margin I'm not using to collect those pennies? I could set the strike at 2x ATR, which would make it 'harder' to be hit on that day. My unused margin is large enough that those 'pennies' is around $100, which is a nice lunch and a nice dinner. So I tried it last week and this past week and I got away with it. So I started wondering, why don't I do the same thing on SPY and sell 0 DTE on Monday and Wednesday and do TSLA on Friday with margin I wouldn't dare touch usually. I do realize that if the entire market tanked hard out of the blue, I'm in big trouble. So what do you guys think? Should I collect those pennies with margin I wouldn't dare use otherwise, or stay away from those pennies to reduce the odds of eventually blowing up my account? I'm inclined to collect those pennies, but I'm looking for people to tell me that is a dumb idea. +AVG Purchase Price is: $26.41 + +Currently Selling $31+ Calls a week out and roughly pick up $1000-$2000 a week + +Should I be selling further out - picking up more premium and then buying back at 50%+ Gain + +Or is my strategy right now, selling Calls on Friday, buying them back for pennies the NEXT Friday morning and then selling more calls for the next week right around the middle of Stock Market while itā€™s open + +Been doing this Since Options weā€™re available for RKT + +Been working so far and Iā€™m surprised I havenā€™t been assigned yet + +Any better strategies I can do to lower risk? + +Iā€™m long term bullish on the stock and donā€™t mind making less premium by lowering risk +I've had a really nice run in the last three weeks, and would like to share it. + +Disclaimer: I don't expect this pace to keep up and I won't be trying to match the performance, I know any one of these trades could have gone bad on me and wiped me out. I only made them because they are stocks I follow closely and I believed I had identified their recent ranges and patterns. I am not going to attempt to duplicate these results, I am just taking what the market gives me and the last few weeks it has given some great opportunities. + +Backstory in the comments if anyone is interested. Starting with $11,145 on 4/30, here are the plays I have made: + +4/30: 100x AMD 5/8 48/49p;59/60c iron condor, credit 17.1, closed 5/7 for 56% max profit, $963 P/L, 11.6% RoC. Whole account was on the line here. + +5/7: Got really gutsy and sold an IC on Roku before earnings with their +200% IV. 25x 5/8 110/115p;160/165c, net credit 85 per, total collateral 10,375. Closed next morning at 77% max profit, 1,632 P/L, 15.7% RoC. + +5/8: 25x TSLA IC, 5/8 775/780p;835/840c, net credit 61, 10,975 collateral. Closed EoD for 4, 89% max profit, $1,357 P/L, 12.4% RoC + +5/11: 10x DKNG PCS, 5/15 22.5/17.5p, net credit 70, collateral 4,300. Didn't put my whole account on the line here because I was treating this like a CSP, my plan was if it actually broke my short leg then I would sell the long leg for a profit and take assignment. Closed 5/14 for 61% max profit, 424 P/L, 9.9% RoC. + +5/14: 75x AMD PCS, 5/15 48/49p, 8 net credit ; 25x NVDA PCS, 5/15 302.5/300p, 42 net credit. Both sold at the Thursday morning dip, both expired worthless today, 559 and 966 P/L, 8.1% and 18.6% RoC, respectively. + +5/14 20x SPCE PCS, 15.5/15p, 10 net credit. Expired worthless but I was selling this as a CSP, I just had to add a long leg because I still had collateral tied up in the AMD and NVDA spreads. Was prepared to get assigned at EoD today but didn't happen. + +Total profit since 4/30 (including commissions and fees from TW): $6,077, 54.5%. + +So a big thanks to everyone on this thread for all of the advice and informative posts that put me in position to capitalize on these opportunities. +With an 80% jump in margin use among individual investors over the last 2 years, how much margin do you currently have (as a percentage of your portfolio)? And at what rate? Do you plan on reducing your margin amount as rates increase this year and if so, how/how much? + +I.e. Iā€™m currently borrowing about 47% of my portfolioā€™s value in margin (not including retirement accounts, which you canā€™t take margin out on). I plan to reduce this to about 25-30% by year-end depending on the speed of rate hikes. + +Itā€™s interesting to consider how high margin debt is (918.6 billion as of 11/30) as rates start increasing this year; is there any relatively recent empirical research exploring individual investorsā€™/fundsā€™ sensitivity to rate hikes in terms of margin? This could be an interesting start: [https://www.marketwatch.com/story/this-indicator-flashed-warnings-in-2000-and-2007-and-its-buzzing-now-11640865332](https://www.marketwatch.com/story/this-indicator-flashed-warnings-in-2000-and-2007-and-its-buzzing-now-11640865332) + +Overall, margin is still only about 2.5% of the S&P 500ā€™s total market capitalization so I suppose nothing really alarming could stem from margin use itself, but Iā€™m curious as to how others are adjusting their margin usage as rates increase + +tl;dr Lots of margin usage, what does yours look like? + +Edit: Some brokerages like Robinhood do provide margin at pretty low rates (2.5%). Would that change your answer? +[https://www.sec.gov/comments/s7-32-10/s73210.htm](https://www.sec.gov/comments/s7-32-10/s73210.htm) + +[https://www.sec.gov/rules/proposed/2021/34-93784.pdf](https://www.sec.gov/rules/proposed/2021/34-93784.pdf) + + Electronic comments: +ā€¢ Send an email to rule-comments@sec.gov. Please include File Number S7-32-10 on the +subject line + +Please submit any comments you may have toward this rule change. The deadline is soon. + + +I have some thoughts on GDNP, I'm interested to hear how others are thinking: + +\- It seems that most attention is on their fully compostable products for individual consumers and retails businesses i.e. food packaging. However they also offer recycled plastics in an industrial format. I know it's not as attractive from a green movement point of view but from an investment point of view I think this segment may represent significant earnings potential. I was reviewing multinationals like Coca Cola, Nestle, Uniliver, P&G etc and their plastics strategies largely focus on recycled plastics and reducing use of virgin plastics by 2025. A supply chain opportunity with an organization of this type could be feasible and quite lucrative and I think this is where the IPF acquisition makes sense. + +\- The flexible plastics packaging market size is enormous at approximately 160B USD globally. A few different reports seem to point to an annual growth rate of 4% from 2020 onward. I donā€™t expect GDNP to be a major disruptor in this market but I am confident they can take a small portion of this market share given their innovation combined with the timing of this ā€œgreen movementā€ and developments such as phasing out certain single use plastics in Canada in 2021. Iā€™m not certain what the competitive landscape looks like for them in Canada however I presume the barrier to entry is quite high for this industry. Hopefully the US under a Biden Administration would follow suit. The Trudeau, Biden continental alliance isnā€™t a bad place to start. + +\- I see over the last 3 years GDNP revenues has almost doubled YoY. I believe their revenues are expected to be around 16M CAD for 2020 and combined with IPF revenues (17M) they would be looking at 33M CAD overall for 2020. With Canadaā€™s single use plastics ban catalyst, I would imagine their revenues could increase dramatically in 2022. Assuming they can achieve 40-50M revenues in 2021 would it be realistic that they surpass 100M revenue in 2022? Iā€™m not really sure what kind of SP or valuation this would justify. + +\- These points lead me to believe they could become an attractive acquisition target by the likes of an Amcor or Sealed Air or maybe one of those conglomerates named above. Iā€™m not very familiar with M&A but would an uplisting to the TSX increase their value? +This is a dumb question so bare with me. So my only investment is about 2000 shares of VGRO. Let's say 20 years from now and I want to sell those 2000 shares, what happens to my shares if nobody wants to buy them? Am I stuck with them? I Know mutual funds you can dump them anytime you want but how does it work for etfs/stocks. What happens when there are no buyers to take them? +A good spreadsheet is essential to self-managing your assets. I thought it might be interesting to share my workflow and how I push Google Sheets pretty hard to do it. Iā€™ll include both the info that I track and second how I implement it because I think thatā€™s where the power is. + +The spreadsheet is not in a good place to share right now ā€“ lots of hard coded references and trusting the history scrubber is risky to me. I tried to redact it in a way that wasnā€™t super annoying and note that I did change a few identifiable transactions, so one or two rows might not add up correctly. + +[Dashboard Screenshot](https://redditfire.s3.amazonaws.com/Overview.png) + +First up is my dashboard sheet, which pulls from all of my other sheets to give me a snapshot for the previous month. All of these queries update based on the month value in C6. I track two main income numbers. ā€œNet Everydayā€ which is job income (W2+RSU+Bonus) minus expenses. This is a rough number for what you should be able to save each month and should ideally remain positive. ā€œNet Incomeā€ is that number plus investment dividends. ā€œStatement Net Worthā€ is the most accurate NW number I can get, which is the sum of account values when monthly statements are issued. + +These figures input into my forecasts. Because income and bonuses can be bursty, I calculate ā€œ3mo Annualized Incomeā€ to average out a rolling 3 month period, then annualize that to get a number to add to my networth for a 1 year prediction. I like this method because itā€™s weighted towards recent income (eg. promotion) and recent investment performance (eg. significant gains). As a teaser for our data model discussion, this query is very simple: + +>=average(QUERY('Net Income'!A:BR, "select BK where " & D3)) + +The equation for the 1 year prediction becomes: + +>Statement Net Worth \* market performance + 3mo Annualized Income + +Calculating years towards a goal is also easy. I discount market returns to make this more conservative: + +>Goal - Statement Net Worth / 3mo Annualized Income + +All of these numbers are post-tax by the way. Thatā€™s the only way to get apples to apples when comparing income to expenses. When you categorize your transactions appropriately, itā€™s easy to make these calculations by including or excluding categories. + +The FatFIRE section has all of the normal calculations you expect. You can see the 3mo annualization for dividends happening here as well. This is looking at Q4 which for me is more heavily weighted in dividends. The negative gap number in grey means this number is actually higher than our theoretical number for this quarter but is usually not true for other quarters. I try to minimize dividends, so to get the full FI picture you need to look at unrealized returns as well. This fills up the gap. I try to keep myself grounded with the YoY return vs a theoretical 10%. + +The last piece of situational analysis I give myself is tracking rolling 6mo and 12mo averages for the market overall. I look at these in numerical and graphical form (red/orange/blue line graph). The graph is helpful because interesting things are happening when these lines cross. Green line is 10yr-2yr bond yield. This is updated monthly so itā€™s not for day trading. + +[Net Income Screenshot](https://redditfire.s3.amazonaws.com/Net+Income.png) + +The next sheet is the workhorse of the sheet. Each cell you see here is a query against a category of transaction. For expenses, I donā€™t do complicated budgeting but do like to look at trends. The annualized and year to date (grey sections) really help me get a sense of where we are for the year and how changes impact the long term. If you melt the credit card one month, seeing what it would look like if you did that every month for a year is a good shock. Housing here is a roll up of several categories: Housing Principal + Housing Interest + Property Tax + Improvement/Renovation + Public Utilities + Electric. + +Income works the exact same. A few interesting points. By entering in future RSU and known bonus amounts, you can easily see what future income will look like. Thinking about looking for a new job in a year? Now you can easily plan for what you will leave on the table. Since my RSUs are in a public company, the future values reflect the current share price. + +All of my dividends are reinvested, so that section tracks when each of these are paid out. Once we have our expenses, income, and investments calculated, we can calculate our Net Everyday Income and Net Income as defined earlier. The overview page references these values. + +Taxes are self explanatory other than tracking paycheck withholding and estimated payments to get an idea of what the total tax bill will look like. More on that in a second. + +[Positions Screenshot](https://redditfire.s3.amazonaws.com/Positions.png) + +Positions is where the high level equity data is shown. I have many brokerages (they tend to pile up!) so this is a central point for all of their holdings. Managing your assets takes effort, and entering in each transaction is a bit of a chore, but the only way to do this. If you trade a lot, importing may be feasible. I donā€™t want to give a service like Personal Capital access to each account. + +Calculations by ticker query means you can add up holdings across many brokerages. Situational awareness comes from knowing the percentage a certain position makes up in your portfolio and which are in the green and red. Tax loss harvesting becomes pretty easy when you have this, even if you want to sell in one brokerage and buy in another. + +I use broad categories in order to break down performance and tax implications of the gains. You could get way more specific if you wanted to. + +[Balances Screenshot](https://redditfire.s3.amazonaws.com/Balances.png) + +Balances and Net Worth are two simple tables with a date and value. Net Worth is a sum of all Balances for the month. I find itā€™s easiest to make these match your brokerage values. For example, if you have a taxable and IRA with Vanguard, make those two balances. Enter these in each month so you can graph them over time. Itā€™s also a nice check to see if your live numbers match your statements each month. Some degree of slop is always going to happen. + +[Brokerage Transactions Screenshot](https://redditfire.s3.amazonaws.com/Brokerage.png) + +Brokerage Transactions and Income Transactions have the same data model, but reflect the separation described above. The key parts are to model share transactions ($112 x 1.345 shares) and cash ($1 x 100) the same way so if you decide to stop reinvesting your math and queries donā€™t change at all. + +For Brokerage transactions,I treat Buys and Dividends as positives and Sells as negatives. I hold the same positions in multiple brokerages so I think itā€™s helpful to track which it came from and a comment field is always nice to describe things that might look weird down the road. The positions tab is a summarization of all of these transactions. This is what starts to push Google Sheets to its knees, but it generally catches up after processing for a second. + +[Income Transactions Screenshot](https://redditfire.s3.amazonaws.com/Income.png) + +Income Transactions work the same way, with Income as positive and expenses as negative. The categories here are the most important part. I break each paycheck down into Federal/State Income tax, Social Security, Medicare, 401k contribution, Benefits and Take Home. If itā€™s a bonus or RSUs, I change the row of the money I receive accordingly but the tax categories stay the same. Mortgage payments are also broken down by Principal, Interest and Property Tax. With a simple query you can now find out how much loan interest you paid vs what that money made in the market or when youā€™ll max out your Social Security for the year. + +For future earnings, I will model out RSUs into 3 rows (Federal & State Tax + take home) with the live price reflecting their future value in my Net Income sheet. Once the transaction is completed, I will replace the live price with the actual price. If you have bonuses at fixed times/amounts you can also reflect those here. + +I recently started tracking utilities mostly so I could graph out seasonality purely because I was interested. I also realized that because they were directly debited and didnā€™t hit the credit card, we werenā€™t reflecting them in our expenses. + +Take away here is: if you want to graph it over time, you have to have a sheet collecting it over time. Some folks like to track quarterly, but I find that almost none of your real life transactions happen quarterly ā€“ itā€™s all monthly. + +[Tax Overview Screenshot](https://redditfire.s3.amazonaws.com/Taxes.png) + +I recently added a tax overview because I was curious about our top line net net tax percentage. Due to the power of the data model, this was just a query with the right categories. I was really easily able to model the cost of any Biden tax changes as well. + +Total wage query ends up being a sum of each paycheck category minus anything with my employer's ticker since thatā€™s tracked in a separate column: + +>=sum(QUERY('Income Transactions'!A:I, "select H where (C='Federal Income' OR C='Federal Social Security' OR C='Federal Medicare' OR C='State Income' OR C='Benefits' OR C='401k' OR C='Take Home' OR C='Bonus') and D <> 'Employer Ticker' and (A>=date '2020-01-01' AND A<=date '2020-12-31')")) + +Sum all dividends for the year? Easy: + +>=sum(QUERY('Brokerage Transactions'!A:H, "select H where (E='Dividend') and (A>=date '2020-01-01' AND A<=date '2020-12-31')")) + +[Tax Payments Screenshot](https://redditfire.s3.amazonaws.com/Tax+Payments.png) + +Tax Payments have their own tab and the data model is a bit different, because half of the time your payment date is outside of the taxable year. Itā€™s a simple change to add a column for that and base all queries off of that. Iā€™ve lived in a few different states so the ticker here is the state, which was super helpful in years where you are paying two. Local taxes like property tax are also tracked in here. + +[Tax Fiscal Year Screenshot](https://redditfire.s3.amazonaws.com/Fiscal+Year.png) + +Last part of taxes is the sheet I have for each fiscal year that is used to sum up all wage income, dividend, and brokerage sales, and whether or not they are eligible for estimated tax. Itā€™s super easy to break these down by quarter with a query, do the tax rate math, and then compare it to any tax payments already made. I do naive tax bracket math here but itā€™s on my todo list to write a custom function to do the progressive math correctly. This keeps it conservative as a side effect of being lazy. Net Investment Income tax is also calculated here for estimates since ignoring it until April has caused me to be pretty far off the mark in the past. + +Once you get all of this set up, it takes about 20-30mins to do your accounting for the month: + +1. Enter brokerage or bank statement balance +2. Enter brokerage or bank transactions for that month +3. Enter credit card expense when the bill comes in +4. Enter mortgage expense when the bill comes in +5. Enter utilities when the bills come in +6. Enter paycheck break down when it comes in + +What keeps me motivated is to see future income already stacked up and to see how a big bonus or increased savings knock off time to your target. I love to have a month that knocks years off the clock! + +One trick I have found is to calculate a few different date ranges as strings, so you can easily add them onto many queries. For example, B3 in this query: + +>=sum(QUERY('Net Income'!A:BR, "select BJ where " & B3)) + +The B3 reference is a monthly range that is stringified like so: + +>="(A>=date '" & TEXT(C1,"yyyy-mm-dd") & "') AND (A<=date '" & TEXT(C2,"yyyy-mm-dd") & "')" + +Now changing that data logic resides in one place, and you can update the query to be a quarterly or yearly window very easily. + +Youā€™ll see that I make heavy use of cross sheet references, which allows me to treat my Brokerage Transactions and Income Transactions tables as a database that I can query, without running a real database. Once you get the hang of this is really simple. I know you can make named ranges, and that would make it much more readable. Iā€™ll investigate that in the future. + +The last cool thing about Google Sheets, is that itā€™s updated in the background a few times a day, so that itā€™s always fairly fresh when you load it. I exfiltrate a small bit of this data via GET requests every time itā€™s refreshed to a small piece of software in order to do NW trends like day over day, week over week and all time highs. I abuse the IMPORTDATA function to do this and throw away the results. + +>=IMPORTDATA("[https://domain.com/path?value1=](https://domain.com/path?value1=)" & TRUNC(C25/1000,3) & "&value2=" & TRUNC(D25\*100,2)) + +You have to do this elsewhere because the live ticker info is only live, there isnā€™t a way to store it easily. If youā€™re a compulsive person, you can use this to put the data into your computer menu bar or a phone homescreen widget or show red/green on a smart bulb. + +What am I missing? What do you do differently? +\*\*Can provide proof to mods as needed\*\* + +I called the NYSE at 12:15 ET approx, was transferred over to the trading (floor) help center. I asked - Why was GME halted today on the NYSE? + +\- LULD , Single stock circuit breaker [https://www.nyse.com/products/etp-limit-up-limit-down](https://www.nyse.com/products/etp-limit-up-limit-down) + +Keyword here is " Extraordinary Market Volatility" in the description "On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan to Address Extraordinary Market Volatility, known as the Limit Up - Limit Down ("LULD") Plan." + +\- apparently this is common, somehow I don't quite buy that + +How can the stock (at least based on official graphs) change by (max) approx. 8% and be considered "extraordinary volatility"? (Hit almost 199, and then 163) - something does not make sense. + +It would be nice if NYSE could help us understand how 163 -> 200 is considered extraordinary! Or is it that the stock did hit $500ish and this caused LULD to kick on. Apologies did not have the time for a longer conversation with the folks. They seemed nice though - please do not be disrespectful if you do call the NYSE, the folks on the phone are just doing their job - maybe some of them are even apes ;-) + +I called 18002813659 - simple google search! +Taking all variables of family status, age, location etc aside. What do you personally have in your head as the first number that comes to mind when you think of a good annual income? + +Iā€™d prefer if people refrain from looking down through others responses until they post their own to get a good, unbiased spread. + +Looking forward to seeing how far and wise the results are. +I feel really proud of this. + +Iā€™m not a very good budgeter. I have a history of living beyond my means rather radically, but my current job only pays once a month, so Iā€™ve gotten into the habit of ensuring that all bills are paid immediately when direct deposit hits. That way, even when I do run out of money (again, not budget-saavy), rent/utilities are paid, groceries have been purchased, and transportation is already funded. + +My credit history isnā€™t great. Iā€™ve defaulted on my student loans and have a couple outstanding utilities (low amountsā€”need to address) so I took out a secured card to rebuild credit and have some emergency funds. I paid my first bill over a month early and my credit scores shot up! Theyā€™re not perfect by any means, but improving. Iā€™m happy about this. + +Iā€™m starting to see the light of the tunnel of poverty by assuming more fiscal responsibility, and Iā€™m hooked. Very proud of myself. Thanks for reading. :) + +(PS: Iā€™m a Reddit-lurker who finally created an account just to share this!) +There are currently approximately 100 million blockchain wallets out there. This is an extremely small amount considering that is only 1.28% of the 7.8 Billion people we have on earth. The $2.2 Trillion Crypto market is extremely undervalued. In the future when digital currencies start gaining ground and you count inflation, tens of trillions in market cap are completely feasible. + +Remember, market cap doesn't reflect the amount of money invested in Crypto, it just multiplies the current market price with circulating coins. Just because the market cap is high, does not mean Crypto does not have more room to grow. + +Let's say someone tries to acquire $10 Billion in Bitcoin, exchanges feel the pinch and start raising the prices accordingly, the new raised price for each Bitcoin is going to multiplied by the entire circulating amount and raise the market cap by hundreds of billions, if not more. + +A good explanation would be Fiat, according to estimates, all the U.S money in circulation is worth **6.6 trillion U.S. dollars.** Yet, the USD market cap exceeds 21 Trillion dollars. The market cap of all Fiat in the world is over [123 Trillion USD](https://fiatmarketcap.com/). Crypto has huge potential, and a 2.2 Trillion market cap for Crypto is still very undervalued. + +**TLDR**: Yes, we might not be early compared to people in 2010, but being the first 1% to adopt Crypto is still very early. Crypto still has the untapped potential of the 99%, and in that sense we are indeed early as we have tens, if not hundreds of trillions to go. +I have a full time job which pays fairly well, it is shift work at night. Overtime is very scarce at the moment so that option isnt viable. + +My working rota is pretty peculiar, 4 nights one week 3 the next, 1 day another week. So i get lots of time off. + +Is there any jobs that I could do to earn extra money and fill my spare time that dont require specific days to work? + +Or possible online jobs I can just jump on as and when I have free time? Any advice is appreciated. +As above, if I have a SIPP and a private workplace pension, can future governments mess about with the age at which I could access them? Ie at the moment it's 57 but could this rise? +Thanks. +My yearly income is now $50,000 pre-taxes. $38,000 is from my new salary and $12,000 is from a rental property that was passed to me after a tragic death in the family. + +Between my checking and savings accounts, I have about $13,000 and almost $600 in a 401k, which I currently contribute 6% to (company does not yet match). + +My remaining student debt is about $8,000. + +I realize I am very lucky to have this financial situation at my age. Iā€™m currently not touching the money from the rental property, and Iā€™m saving 20% of each paycheck (6% into the 401k and 14% into a savings account). + +Should I put more into the 401k or just keep going as I am? Is there something better I could do? Thanks +Have a few questions; + +What options do I have as a self employed person? I pay myself as W2, but do not save for retirement with the business. + +I have a few income streams that can be devoted to retirement, meager savings, and an annuity. + +At what point do I contact a financial planner and how do you find a reputable one? +I was having drinks in an industry event and was having a conversation with someone who worked in their firm's HR department. The question came up on why our industry has so little graduate programs. Her response was quite logical and I couldn't exactly rebut it but it boiled down to: + +- Most grads despite how smart they are will likely be net negative value add for the first year or two +- The concept of loyalty is dead (nothing wrong with that) so a grad who is finally value add will jump ship if he is offered something better so you have to match. Rather be the one poaching and not having to sink the investment in. Friction of movement is very low these days so even 'discovering' talent isn't too important since you just bid more for the good ones. +- People are more savvy these days and are less attracted to the brand of a firm in terms of employment. Thus the prestige of having a graduate program is worth less. + +She also finished off saying a lot of employers are cottoning on to this and in her view during the next recession these programs will get culled even more savagely during the 2009-2014 period. I can't fault the logic, so wondering what value do you guys think having a graduate program offers the firm. +Hello UKPF! Hoping you can help with a quick question. I currently have Ā£6900 sitting in a Nutmeg S&S LISA (Ā£5300 of which is my deposits, Ā£1300 is government bonus, the remaining Ā£300 is interest). + +Due to a change in personal circumstances it's very likely that I'm now going to be buying a house in London, above the Ā£450,000 limit. + +From what I've read, my best bet might be to pull the money from the LISA, take the penalty hit, and then either place into a savings account or into my regular S&S ISA. But before I steam on ahead I wanted to check if there's anything smarter than can be done? + +EDIT: Thanks all, some really interesting points on here, and particular props to people that broke down the maths for me. I'm going to leave it alone until I buy, see if I really need it, and if not keep it as a nice surprise for my 60-year-old self! Unless of course the government either raises the limit or removes the penalty (but I'm not going to bank on either of those...) +Notable takeaways/specs: + +\- Made of composite carbon fiber (Different than SpaceX's stainless steel on Starship) + +\- First stage is reusable with a rather unique design where the fairings are permanently attached and therefore reusable + +\- Expendable upper stage + +\- New engine Archimedes (Meth/Lox, gas cycle, 225klbf on liftoff, 7 on first stage) + +\- 8 tons to LEO when reusable, and 15 when expendable + +\- Will compete with Falcon 9 and Terran R for medium-lift launch vehicle + +[https://www.theverge.com/2021/12/2/22813819/rocket-lab-neutron-launch-satellite-reusable-mega-constellations](https://www.theverge.com/2021/12/2/22813819/rocket-lab-neutron-launch-satellite-reusable-mega-constellations) +Im not sure why but I personally never heard anyone talk about the the do's and don'ts of crypto investment, what to watch out for and what to look for when investing, nor have I really seen anyone suggest good crypto news sites or websites/apps. A lot of new crypto investors mainly go with the crowd on the newest pump and dump coin or they hop on here or Twitter but there's not a lot of upfront info that would help them in the long run, I've only ever seen people give advice with a little bit of smug attitude after a newbie fucked up, it usually goes along the lines of "well that's crypto, tough shit" this isn't advice that is helpful at all, although it would be someones fault if they dumped a lot of money into it, but that's all they really know. so please help a fellow out and drop some knowledge, I myself am moderately knowledgeable in how stocks work and all the terminology, but now I want to get into crypto, and just scrolling through here I don't see any undeniably good advice, I get crypto is unpredictable but there has to at least be a some fundamentals, and finally the best advice I think someone could give newbies, is advice that shows them how to kind of answer there own questions, if you answer a question you only solve 1 or two problems but if you teach fundamentals you can show someone how to confirm things on their own and everyone would be less confused +And it happened within minutes, meaning some whales have sold at the same time. They put everything into BTC. The coordination is impressive, but it doesnā€™t bode well for the health of the market. If a few investors can fuck the entire crypto space in minutes, there are serious negative impacts on liquidity, confidence, stability, and utility. + +Is this kind of obvious manipulation normal? How do you all weather it? Turn the computer off and hodl? +With Russia invading Ukraine, the stock market seems like it is going drop or stall until things calm down. + +Is it worth borrowing from my 401K now to use for a rental property down payment, assuming I find a property that will most likely cash flow, etc? + +I would have to pay myself back plus 5% interest on my money I borrowed from my 401K. + +Does anyone have any experience on approaching the owner about buying their property thatā€™s not on the market? Call them? Write them a letter? If youā€™ve bought an off market property from the owner directly what did you do and how did it go? Thanks! + +Thereā€™s a 4plex that Iā€™m interested in but itā€™s not on the market. Iā€™m thinking about calling the owner and seeing if heā€™s interested in selling it. +Everyone here seems to love QYLD because it pays an 11% dividend. When I look at it's chart on Yahoo Finance, it looks like the price is about the same as it was five years ago. If it's done that and the 11% dividend is in addition to that, that would be great. But, I've heard that the price that's quoted in the Yahoo Finance charts often have the dividend factored into the yearly return. Can anyone confirm that if you'd put $10k into QYLD five years ago, you'd have roughly $15K now (10% dividend x 5)? +Hey guys Iā€™m 31 years old, I will have 10-50K in cash soon, I was wondering if it makes sense to invest in SCHD or JEPI. I want to get started on dividends. Also worried if Iā€™m doing the wrong thing by investing in dividend stocks instead of stocks that will give more return (and use the capital gains to funnel the income stocks) +Asked this on another sub and would like to ask everyone's opinion + +You are in your early 40s and have 20 more years to invest. You have 50K that was from a employer 401k and you are rolling it over to your IRA. + +Where are you putting this 50k? + +Original plan was to drip dividends from an monthly paying ETF until I hit 1k a month in dividends then throw the dividends at that time into a few growth ETF's. + +What would you do? + "Tesla Inc. sold $837 million of bonds backed by auto leases Friday, taking advantage of a rebound in investorsā€™ sentiment toward the company to provide further support to its fast-growing leasing operation. " + +&#x200B; + +I thought that they wouldn't have to raise? +hi gang: + +i have accts open at wealthsimple, questrade and now also national bank (due to free fees) + +...so it's a bit tedious tracking stocks at these different instituions (and each value is different given when I bought the stock/etf)...is there a good app or software you subscribe to (or even excel sheet link) you use to track them all? +I work in one of the Big4 professional services firm (consulting area) where we seem to be actively encouraged to live a lavish lifestyle. +Partners flaunt their wealth by driving luxury cars and casually mentioning their holiday houses or daughter's horses. The overall culture is very materialistic, where fine food, clothes and accessories are touted as the richly deserved rewards of extreme work ethic (regularly working to 11pm every weekday). Networking within the firm is also considered very important and so we hang out in trendy bars or restaurants after work. + +Does anyone else work in professional services in a client facing role? How do you reconcile the need to maintain a professional attitude and persona (I personally believe that a professional appearance is very important to make sure that the value of our actual services is not undermined by our appearance) while still maintaining a FIRE lifestyle/outlook? Do you have a 'career budget' or something similar which can be used for networking dinners etc? +I've been looking for [this study from the Cato Institute](https://www.cato.org/blog/high-turnover-among-americas-rich) for quite some time. I think it speaks a lot to situations that pop up here. People have high paying positions young in life and are questioning whether they should bail and risk not being able to break back into that income strata or should just ride the lightening. + +The churning of high income earners is pretty amazing. The study found that "[s]ome 94 percent of Americans who reach ā€œtop 1 percentā€ income status will enjoy it for only a single year. Approximately 99 percent will lose their ā€œtop 1 percentā€ status within a decade." + +I very much ascribe to the "make hay while the sun shines" mentality and think that studies like this can serve as a reminder that high income can be a fickle, fleeting affair. Thoughts? + +Edit: I really like /u/SeriouslyJoking88's comment. A massive problem I have with mainstream retirement planning advice is that it tends to suggest a fixed rate of saving to hit a retirement goal over a very long time. American's incomes are not guaranteed, are often interrupted by periods of unemployment, and do not grow at a fixed rate. Someone saving 10%-15% may be in for a violently rude awakening if they find that they suffer a stint of long term unemployment in their 40s and cannot find good paying work again. +Gamestop is a heavily cross traded security according to Bloomberg Terminal. Indication of interest trades are executed off the exchange and don't appear even on Level II data, and they are executed in block trades to lessen the impact on the security's price. These upstairs markets are where dark pools form and are flooded with institutional block trades. Below is unbiased, statistical data exported to Excel. + + + + +[Here is "upstairs" traded volume plotted along with total volume of the day.](https://i.imgur.com/l30mM8o.png) + + + + +[Here is bar graphs of "upstairs" traded volume along with total volume of the day, and plotted Daily Price % Change.](https://i.imgur.com/aOXL728.png) + + + + +[Here is % of "upstairs" trades cross traded, with y-axis starting at 99%.](https://i.imgur.com/Gh9hW0e.png) + + + + +[According to Bloomberg Terminal's Security Finder, GME is listed as a cross traded security.](https://i.imgur.com/NXTVxl9.png) + + + + +Edit: [As requested, this data is derived from IOI & Advert Overview. Thanks for the shiny awards](https://i.imgur.com/7N4dUNd.png) +I've been reflecting on a conversation I had the other day with my manager who happens to be the VP of the company I work for. + +He mentioned to me that his friend is taking a year off from work to pursue personal hobbies and to refresh/destress. He thought it was absolutely ridiculous and couldn't understand how the guy can financially do it ( I'm assuming his friend is in his late 40s early 50s). + +I told him that I follow some FI/RE fourms and that his friend has probably been working towards this goal and is financially comfortable. His response was that even if you had 3 million in the bank, even with the 4% rule it doesn't make sense. He thinks that anyone who would want to retire early would need to save $150k a year for 20 years to hit that goal which in his words were "Not close to possible". + +This blew my mind because this guy is incredibly smart. He is a major contributing factor to the success of the company, is an amazing problem solver and a great boss. He has run his own successful businesses and in general, is a wealth of knowledge. The fact that he doesn't consider compounding interest, tax advantaged strategies and living below your means is crazy to me. + +Long story short is that we are definitely a minority. Not everyone wants to, or understands FI/RE. I think it's great that we are all working towards this goal and in 20 years I'm hoping we will still be on here reinforcing that it was all worth it. I hope everyone is having a good week and let's kick 2019's ass! +Citadel has taken a huge blow because of their BBBY short position. They lost a fuck ton of money today (actually it's just their assests that have a lower value now, but that doesn't matter). To continue to be able to cover their GME shorts, they have to lower GME price. Ryan Cohen is firing at them. If he continues to shoot at them, the critical mass will be reached at some point, where citadel can't cover anymore and has to close. + +This is all the confirmation I need, because I am fucking retarded. + +HODL +I understand why this subreddit has vents/rants, sometimes you just have to let things out. + +But, there's been so much defeatism type of posts. From rants/vents to other posts outside them. + +What can we potentially do to make this a more helpful place? I try Googling stuff whenever someone has made a comment. Healthcare, where to get food, help to pay bills, etc. But that can only go so far. + +Maybe more success stories? Maybe more resources that people might not be as aware of, maybe something else? +Some helpful information from somebody who has previously worked in Lending/Credit Risk/Credit Decisioning at two Big4 banks, and a partner who previoisly worked in a similar role at a telecommunications provider. There is a lot of misinformation floating around this sub, so let me do my best to explain from my own industry experience. Obligatory this is not financial advice and please consider your own circumstances and DYOR etc. + + +You have THREE Credit Files, one at each of the Credit Bureaus: Equifax, Experian, and illion. Generally speaking, they mostly have the same information on you however not always. From my experience, most organisations use all three to assess you for credit-worthiness. + + + + +Myths: Credit score doesn't matter. + +Truth: Credit score CAN matter. How? Most lenders will have credit decisioning platforms (technology) to scan your credit file(s) for various things: Age of file, raw credit score, number of credit enquiries, types of credit enquiries, number of unpaid defaults, number of paid defaults etc. I have personally written credit risk decisioning rules that would AUTOMATICALLY DECLINE an applicant for things such as: Raw Credit Score less than 200, or Number of Paid Defaults is greater than 2, or Number of Unpaid Defaults greater than 0, or Enquiry to a SACC (Payday Loan) lender in last 24 months... The auto-decline rules are hard-and-fast and generally a human won't even get a chance to intervene and review your application. Every lender, every bank (and on every product they offer), every telecommunications provider, every utility provider will absolutely have hard-and-fast rules written into their credit decisioning platform to auto-decline a cohort of customers who are immediately flagged as "undesirable". What those rules contain vary from business to business, and product to product. + + + + +Myth: You can pay to have defaults/enquiries removed. + +Truth: You cannot. If the enquiry is GENUINE, only time will have it removed (5 years). If it's not genuine, then you would need to prove that with whichever Credit Bureau has it listed (assumedly all three bureaus). If the default is GENUINE, you can't get it removed (the caveat to this being that in order to list the default in the first place, the bank/lender will need to have followed strict rules in communicating with you about the default. This point is where people can successfully have defaults removed - not because the default isn't genuine, but because the lender only send X number of letters and not Y number). + + + + +Myth: BNPL does / doesn't affect credit score. + +Truth: Every enquiry has an impact on your credit score, some decrease your score and some actually can increase it. For example, applying for credit cards at CBA, Citi, or Macquarie may see your score increase (if they're spaced out enough) because it shows that the credit you are seeking is from top-tier lenders. If you apply for SACCs (Payday Loans at Nimble, Cash Train, WalletWizard etc) your score may decrease because it shows that the credit you are seeking is from non-top-tier lenders. Obviously applying for either type of product many times in a short period is not a great look. On to BNPL... they may/may not affect your score, but some do make a hard enquiry (Zip definitely checks your credit file, AfterPay does not. I don't know about the other billion BNPL providers). As part of a mortgage or credit card or personal loan application, the lender will request bank statements. If on said bank statement there exists transactions (direct debit / BPay / EFT) to a BNPL provider, they will absolutely take that into consideration. And if you have a transaction to AfterPay, and Zip, and Humm, and Latitude, and whatever else exists... it paints a certain picture around how you handle your finances (and generally that is not a good picture that's being painted). + + + + +Myth: Only negative things impact credit score. + +Truth: Australia has adopted CCR - Comprehensive Credit Reporting. It's mandated across industries (finance, lending, utilities, telecommunications etc) however it takes time for companies to be able to actually do it across their customer base and takes investment in upgrading their internal systems. That said, most banks and lenders are doing this now and have been for a few years. They report on the timeliness of repayments each month, so don't miss a payment; missing a payment will stay on your credit file(s) for awhile (I believe two years). + + + +Top Tip: Start checking your credit scores. + +There are a number of companies that will allow you to check your credit score. Research WHICH BUREAU they are referring to. For example (I think these are correct, if not please comment): + +WisrCredit: Equifax and Experian +CreditSimple: illion +CreditSavvy: Experian +GetCreditScore: Equifax + +I suggest signing up to each, and checking the information each is reporting on you. In my case, my illion file has a complete record of all my enquiries, followed by Equifax, and then Experian had the least accurate data (by least accurate, I mean some enquiries were missing but all enquiries that existed were true). My partner is the opposite though; his Experian file was the most accurate, followed very closely by Equifax, and his illion file was far behind in 3rd place. This is why lenders check all three - to get the most accurate picture of your overall credit-worthiness. + + + +How can I increase my credit score(s)? + +Hard question to answer, but the short answer is you can't. Your scores are basically the probability that you will record an adverse event in the next 12 months; higher the score the less likely you will be late on a payment, or default on an agreement. Lower the score is obviously indicative of the opposite; that you WILL be late or default. Without knowing the exact algorithms in place at Equifax, Experian, or illion, we (the lending/credit industry) "know" that it is calculated of Number of Enquiries, Types of Lenders Enquired At, Age of File, Number of Adverse Events, and Types of Adverse Events. Put all of that data in a cauldron, add some eye of newt, and you get a Credit Score. + +Just waiting for enquiries to drop off isn't guaranteed to raise your score, nor paying off a credit card. Example: I paid off a CBA credit card. My equifax score went up 150 points, my Experian went down 53 points, my illion score went down 70 points. 3 months later, a credit enquiry dropped off my files (as I enquired for that particular line of credit in 2016 [5+ years]). My equifax score remained the same, my Experian score remained the same, my illion score went up 126 points. The scores across of 3 of my files range from 500 to 900. I have seen an 18y old male from Double Bay, NSW make their first ever enquiry and their equifax and experian scores were 750 each, and their illion score was 545. I've seen an 18yr old male from The Ponds, NSW do the same and they started with an equifax score of 500, an experian score of 650, and an illion score of 610. + + +It's true that you start with a good score, and then it's up to you to maintain that good score through good behaviour. + + +Hope this helps. Apologies this will of text was written on mobile so excuse formatting/spelling errors. Happy to answer any questions. +As the title says, is 2 weeks worth of salary too much for rent? I earn approx $3k a month (after tax), sometimes more, sometimes a little less. I live in Australia, rather high cost of living. This place is abou $1500 a month. I originally didn't want to spend this much on rent, but I found a place that is absolutely perfect. Right near the city, beautiful views, pool, gym, spacious. I can afford it, and it won't put me out of pocket or make me starve, but it won't let me save all that much. Which, tbh, I don't mind too much. I am 22 and currently have around $5k savings. Decent paying job and full time at uni. Just want to know all your thoughts on whether I am letting my adoration for this apartment cloud my judgement, or if you think this is a reasonable price to pay for the luxury and the lifestyle? I am currently paying $1200 a month quite easily but nowhere near as nice and further out from the city. Cheers. + +edit: thanks heaps everyone! It has been super helpful. To save myself clarifying to many comments, I would just like to add some things that I may have left out. +I would not need to buy any new furniture, I already have everything I need. I currently live alone in a 1 bedroom apartment about 30 mins out of the city and really enjoy it. My monthly expense are around $50 for power and gas, $95 phone bill, $80 Internet, water is practically free, $50-60 for other minor subscriptions, no car repayments, I pay my car insurance yearly it is about $1k. My job is very secure also very flexible. If I was ever short of money I have the ability to work more hours practically whenever I choose. It has a massive staff restaurant that allows me to eat for free twice a day 4-5 days a week. Gym membership is currently $56 which would be eliminated if I take this place. I would save costs of $120-150 on fuel by moving to this apartment. I have literally just been approved for this place and now have ~10 days to decide if I want to take it. +Iā€™ve seen many pointing to the lyrics of the song as the kids ride a boat down the chocolate river and into a tunnel. I actually think this is more on-the-nose than that. + +The story of Charlie Bucket is one where he & a few other children find Golden Tickets. First off, I think we all know what the golden ticket represents. Upon arriving at the factory, the children are given an everlasting gobstopper and told to not sell or give it away. Through the journey, there are many crazy, stressful things that occur to the voyagers, many ups-and-downs that must be persevered. The man attempting to steal Mr. Wonkaā€™s gobstopper recipe is able to convince and/or con the children out of theirs .... except for Charlie Bucket. In the end, he returns the gobstopper to Mr. Wonka, and is thus rewarded with everything he had dreamt of. In the end, he literally breaks through the glass ceiling and rises above all the other children who just couldnā€™t .... hold. + +On to the Wonkavator +I graduated college in 2013 and decided to open up a Roth IRA. I have always been interested in the stock market and decided to start getting serious and develop a strategy that works for me. I do not recommend my strategy to anyone else especially if they do not understand the risk. + +My strategy consists almost entirely of covered calls on really risky stocks. The majority of my trades have been within the biotech sector. + +I like this strategy a lot because it allows me to swing trade and set-up my exit strategy from the start. When picking stocks I try to identify stocks that have huge implied volatility, but will likely just stay steady over the next few months. I contribute a lot of my success to being patient and waiting for a stock to fall far below what looks attractive. + +Here is where I track my trades and my returns: +https://docs.google.com/spreadsheets/d/1r-NnE2n021whlZaVB2xwYG1ocoRhgsV-ML5ttiynh7M/edit?usp=sharing + + +Edit: Thanks for the feedback guys, I do understand my strategy is very risky. I am young and have always seen this account as having its true value in being a learning experience. I do have another passive account and my average cash position this year has been around 40%. +&#x200B; + +1. QNX software +2. In December BB signed a deal with Amazon to work on cloud software for cars (IVY). +3. Clearer picture of vision after BB sold 90 patents to Huawei. It shows that leadership has a better direction of where they actually want to go and are willing to liquidate IP to do so. +4. Though BB is now a cybersecurity stock and not a mobile phone producer they are partnered with OnwardMobility to create a new BB 5G Smartphone. +5. Settled dispute with FB on patents last week in their favour. +6. WSB has definitely played a large role in their recent rise but the fundamentals remain the same. I do believe it's overvalued due to WSB at the moment. + +I have a position in BB but that doesn't mean it's a sure thing. There are concerns for sure. Though BB has beat EPS the last few quarters, revenues have shrunk. Insiders have also recently liquidated their positions on the rise which I don't take as a bull sign. + +Personally I like BB long-term if they commit to John Chen's vision and execute it well! +I've been lurking in this sub for quite some time and many of the posts I read comments about VGRO like it's a no-brainer as a long term growth investment. I've researched it and it looks good to me but I'm wondering why this sub loves this specific ETF so much and why it is touted as superior to other comparable ETFs? + +I feel like if I asked the question "should I park 10K into VGRO and buy $500 worth every month until I retire" I would probably get a unanimous yes. My question is why? +[Western Digital Announces Acquisition Of SanDisk](http://www.wdc.com/en/company/pressroom/releases/?release=e5f16023-3969-4cd0-bc3b-fe7e35572518) + +They are offering $86.50 a share and the SNDK stock is now $79,80 in pre-market +Apologies if this is a better question for /r/personalfinance but I find the mindset of this sub more in line with my own than their, at times, overly conservative advice. + +Basically, I'm refinancing my home and it's appreciated quite a lot in the past few years. Due to a rate change and removal of PMI I have the opportunity to cash out 6 figures worth of equity without changing my monthly payment whatsoever. + +I realize my home valuation is inflated as is the market as a whole. That said I'm young enough to recover from risk gone south and I have a rather lucrative career that should prevent me from ever being in dire straits if the worst case happened and I found myself underwater on my mortgage. + +Hoping to generate some discussion about: + +1. If you would take out the money in the first place? and + +2. If so what you view as the most prudent asset allocation? Index funds? Stocks, with covered calls? Real estate? +Let's say that hypothetically, Evergrande defaults, putting China in a recession. The USD either hyperinflates or the FED increases interest rates, leveraged investors bail and the markets crash, European markets follow. + +I'm not sure how feasible this is, i've only started my investment journey one year ago. But for argument sake let's assume that whatever is the current worst projection becomes a reality. + +&#x200B; + +How does a retail investor react to this type of situation? + +My portfolio consists mostly of a world index (MSCI World, [IWDA.AS](https://IWDA.AS)), small amount of s&p500 Healthcare sector and a bit of crypto. + +&#x200B; + +EDIT: Obligatory RIP inbox and thank you for the award kind stranger. Y'all amazing +Hi guys - unfortunately I have not really seen a big difference since seeing my chiropractor. I am finding it hard to tell if I really need these expensive sessions or not and I do feel all he cares about is my money. + +Yesterday he pressured me into paying for a 12 session package deal, saying that I need this for maintenance and that he is going to raise his prices from tomorrow if I donā€™t pay on the spot. Whenever it comes to payment plans, I find he always wants me to pay on the spot and pressures me to do it. + +I have major regret and feel like he definitely used a sale tactic on me yesterday. I feel taken advantage of and unsure if he is helping me or cares about my actual state of being. This is something I know I need to personally work on - being assertive and taking my time when making these commitments. + +My question is - can I ask for a refund? I have not used any of the sessions yet & did not sign a contract. This 12 session pack costed me $750 aud. + +EDIT - Iā€™ve got my money back guys. I sent him a message saying there is no way around the fact I want my money back until I know his services are actually helping me. He called me and said he will process the payment. This whole process made me extremely anxious but now I know I did not need to be. Thank you so much to everyone who gave me the push I needed to just ask! +Iā€™m a big podcast listener and Iā€™m finding it pretty hard to find a good trading podcast. Any recommendations? Iā€™m looking to learn about what other traders are doing and hear stories about them. +After advice, + +Me and my partner recently acquired a mortgage. The house was bought for 207,000. However the bank undervalued at 195000. This meant they had to lend us 95 percent instead +Of 90. + +Because of the high borrowing amount which ended up being 187,000 total over a 35 year term. the best interest rate they could give was 4%. Leaving us with a monthly mortgage of 815Ā£. Itā€™s a two year fixed rate. + +My question is should I be overpaying my monthly payments as much as I can? Or wait until the two year fixed rate is to try get a better deal with someone else but this would incur fees i presume ? I read somewhere online even if I over pay by 200 a month this could drop my term by almost ten years ! +Itā€™s absolutely insane how GME has changed the way I think about life in general. + +Im in digital marketing and Iā€™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 experienceā€¦ 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 (letā€™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 didnā€™t think about a financial cushion. I didnā€™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 farā€¦ even without MOASS. Iā€™ve become financially smarter. Iā€™ve learned more about the stock market and business mechanics that I didnā€™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 Iā€™m not the only one who has had their life change even before MOASS due to GME. Itā€™s been a rollercoaster and I wouldnā€™t change it for the world. I say all of this to say + +**Hedgies R Fukd** +Just imagine millions of apes transferring their collective billions in GME winnings to a GME bank for them to leverage and change the fucking planet. I sure as hell don't want a dime of my winnings sitting in a savings account or with any of these corrupt brokers after MOASS. + +Disclaimer: I don't know shit about fuck when it comes to crypto / decentralized banking or if they would even allow for anything close to a traditional bank model, re: leverage, but goddamn even if it was a 100% traditional GME bank, I would rather all of my accounts work to the benefit of RC's vision than sit in the corrupt no-interest-earning bowels of bitchass Bank of America. + +&#x200B; + +Tits jacked since Jan '21. Hodl-ing my 5xx to the moon, see you tomorrow (Tuesday morning). +Up to 80% (depending on your source) of the world global vanilla output comes from Madagascar, from poor small-time farmers. + +In 2017, global vanilla prices skyrocketed (<$50/kg to >$300/kg) after [Cyclone Enawo](https://en.wikipedia.org/wiki/Cyclone_Enawo) went through and demolished the crop. + +Right now, Cyclone Batsirai is en route to Madagascar and due to hit this weekend, forecast to make landfall as a Cat-3 equivalent. +https://i.imgur.com/zIsArVS.gif + + +How can I get in on this? +Betting on the weather can't possibly go wrong, right? +A busy week for financial markets.Ā Tomorrow Wednesday, U.S. President will outline his $3-4 trillion infrastructure plan. It is also the quarter end. + +This Friday markets are closed and although less participation means there could be more consolidation, thatā€™s unlikely to happen this week as investors brace for the strongest jobs report in at least five months. Thanks to the aggressive vaccination programs, consumers and businesses are more optimistic economic activity is improving. Thereā€™s much reason for hope for even stronger labor market recovery in the months ahead. + +The only risk is tax hikes to fund infrastructure spending, and the larger the actual hike is, the more pressure on equities. With stocks trading near record highs, it wonā€™t take much for profit-taking to send equities tumbling lower. + +As the news unfold there might be some volatility. Practice caution and watch your equities closely. Avoid emotional roller-coaster by calculating your risk tolerance and your own loss profit ratio. Set a plan incorporating possible outcomes before you, on the moment, irrationally decide to jump on or off board and stick to it +Basically reiterating what was said when they hiked rates last week. + +>OTTAWA - Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom borrowing costs is gradually fading away. + +>Poloz raised the benchmark rate last week for the fifth time in just over a year to 1.75 per cent - its highest level in about a decade. + +>He sent signals that future hikes could arrive sooner than previously expected, in large part due to the economy's resilience and the removal of some business uncertainty following the recent agreement on an updated North American trade pact. + +>Testifying before MPs on Tuesday in Ottawa, Poloz said many adults are used to the lower rates and are too young to remember the much-higher rates of the 1980s, when they climbed into the teens. + +>Poloz says the current rate is still too stimulative for the improved economy and he's reiterating his warning that it will rise to what the bank considers its neutral range of between 2.5 and 3.5 per cent. + +>He says the pace of future rate increases is still unknown, but he adds the bank will carefully analyze how well the hikes are absorbed - particularly for the many households that have piled on considerable debt in the low-rate environment + + + +https://www.bnnbloomberg.ca/canadians-should-get-used-to-idea-of-3-interest-rates-poloz-1.1160654 +So, Iā€™ve just got my new Barclays child debit card. At the bank, my mother transferred me Ā£50 asking me if I wanted it, to which I replied yes. I took it assuming it was a gift for opening my first ever account, but right as we went outside she told me that I needed to transfer that Ā£50 back into her account because she needed it for that month. + +I asked her why she would even give me it in the first place and she states that itā€™s necessary (couldā€™ve left me with Ā£1) so that my account ā€œsettlesā€. Then she starts yapping about me being grateful and all that (for wanting to deposit my own money?) and so on. + +She also starts berating me for disclosing the amount of money I have in notes and coins to the banker who was setting up my account, as I was being provided advice in storing my cash on their systems. Apparently, according to my mother, me depositing a few hundred quid that Iā€™ve accumulated over my life from gifts is going to mess with the benefits that my dad receives (heā€™s employed), probably that child benefit stuff. Then, theyā€™ll apparently take the benefits away seeing that I have money??? + +Do her words hold any weight whatsoever? Neither of my parents are very financially literate, so I have a hard time believing that me depositing some money will prevent my father from getting any state assistance. We very much need the money, so Iā€™m not mad at my mother having taken the Ā£50 that she gifted me - Iā€™m more disappointed that she got my hopes up that it was a gift. +[https://m.au.investing.com/rates-bonds/australia-10-year-bond-yield-historical-data](https://m.au.investing.com/rates-bonds/australia-10-year-bond-yield-historical-data) + +Looks like yields are rising across the board in other economies too. What moves does the RBA have here to prevent free-market interest rates from taking control? + +From what I can see: Buy more government bonds to bring the yield down but increase inflation fears even more, in a way trying to use fuel to dampen a fire... + +I think we're about to see what a utter failure modern monetary theory has been and history repeating itself. +Hello all, I hope everyone is well and Iā€™m hoping some of you are willing and able to help me get started into trading. I recently became a stay at home father (temporarily until he starts kindergarten) to my newborn son and Iā€™m going nuts. I was a finance manager for a big automotive group and have saved most of my life and put my wife through school and she is now a psychiatrist and Iā€™m not used to not working. I love being a father and spending time at home and being in the position Iā€™m in but I need mental stimulation and the problem solving/critical thinking part of my brain firing. Iā€™ve never read about or dabbled in trading and Iā€™m basically asking if you were to start over again where would you start and what books would you read? I read the new trader FAQs but looking for experience traders opinions as well. I have a decent amount of money to start that wonā€™t make the wife too mad if I fail but would rather study and read before leveraging my cash. I apologize if this is a dumb question or Iā€™m scatterbrained Iā€™m rocking my son Banks and if I donā€™t write this now Iā€™ll forget and be more behind the 8 ball. Thank you all and I hope everyone is doing well. +Someone was explaining to me today that market makers make money off the bid-ask spread i.e. ā€œbuying at the ask and selling at the bid.ā€ Am I stupid or wouldnā€™t you always lose money in this case? + +My second question: If you buy the ask and wait for a slight increase in your favor, how is that any different than a price-predictive/alpha strategy? +My boyfriend and I went shopping tonight and our goal was to not go over 200 dollars. We filled the cart up all the way, which made me anxious because I thought we would be over our goal. When we got to checkout and after I scanned all of our items, our bill came to 185! we were shocked that we were able to get such a big haul of food for 185! We should be good for the next 2 weeks. Now I can use the extra 15 toward gas. Cheers. +What are your thoughts on using a risk managed income ETF such as NUSI to hold money in lieu of a savings account? + +The maximum drawdown since inception (including the pandemic crash) was 7.5% and unlike QYLD and PSLDX it doesn't seem to decay. + +If not NUSI, then are there any other dividend or income etfs you would recommend? Ideally it would have minimal drawdowns even if the yield is smaller. Growth is not necessary, but also ideally it would be fairly liquid. +Iā€™ve been doing some digging and see lots of you, myself included have had some good things to say about QYLD. I found QYLG which I have yet to hear mentioned. The dividend seems a little lower in the 6% range, but it appears to participate in some growth of the Nasdaq which QYLD does not seem to share. Anyone have any thought about QYLG? Seeking some other conclusions because at first look it looks like a great addition to a dividend portfolio that allows for some growth. +Yes we have really bad times at the moment but if itā€™s so hard for you then you are not the right person to invest or you have too much money in. + +Iā€™m badly down in Januar too but I keep my stocks and wait for recover. It will come once the panic is over. I have patience. I donā€™t let smart money play me out. I see so many experts here telling this and that but the truth is: no one knows if you better buy or short in the short and midterm. Try to relax.Let it flow and donā€™t watch every day. Invest in where you have faith. + +If you lost your livesavings then ask yourself why you gambled this way, donā€™t blame others! and donā€™t do it again. + +Edit: wow this was an insane day, I wrote this at the very bottom of the market and they turned the tide all way back up. Some example how it could go but not how it will for sure go. +In the end holders outperformed panic sellers once again. Stay strong and soon the fear of missing out will come back. It will stay volatile for sure. be safe and good luck. +My husband and I currently have two older, but paid off vehicles. My husband works full time and I work prn at a hospital, but I mostly stay at home with our 2 year old and we have another due in June. Both of our vehicles are very small and since theyā€™re getting older we talked about maybe trying to get another vehicle thatā€™s a little bigger and newer. + +My question is would you buy a new car that youā€™d finance, or an older vehicle that you could pay off quickly? We looked at Toyotaā€™s and Subaruā€™s but honestly the monthly payments made my head spin a little. (I havenā€™t had a car payment in 8 years so Iā€™ve been spoiled). My dad works at a local car dealership and can get us a really good deal at what gets traded in used. Not as new obviously and without warranty but something we could pay off in a few months and hope will last us a few years. + +Anyone with car buying financial advice? +Hi all! I want to make this post short. I inherited ~$500k between life insurance money and an inherited-IRA. I also inherited my childhood home, no mortgage. I am 28 years old, unable to work more than 10hrs/wk due to my disability, but I have not applied for benefits. I need this money to generate passive income for as long as possible to help me survive given my limited working capacity. Which types of questions should I be asking the CFPs I plan on meeting with? I am vulnerable from the recent loss of my mother and have a lot swimming around in my head. My entire future depends on this money being managed correctly. I am worried about being too complex of a case for a CFP to properly guide me, but that could also be my trauma speaking. Thank you for your time! +Sorry if this has been posted a million times, just couldnā€™t find it searching- if it has links appreciated! + +So, Iā€™m standing to inherit some money, and Iā€™ve got student loan issues, and all the great other stuff that comes with being an adult. My financial situation is pretty ok, and I budget well enough to save, and have a retirement account and all that, but I want to find someone to look over some of my finances, and help me with questions regarding my loans, and what makes sense for my future. + +Problem is, Iā€™m not sure where to start. Looking up financial advisors, and planners...it brings up a large swath of stuff, and some of it Iā€™d way above what I need (like investing), or way below (like how to balance a checkbook ect). What kind of finance professional should I look for that could help me with personal finance on that scale? + +Really appreciate it!! +I have $66,750 in school loans to pay off. I donā€™t have a lot of extra income right now. Iā€™m wondering what the best advice would be moving forward as the interest doesnā€™t kick in again until Jan 2022. I know I should cut it down as much as possible right now but the money Iā€™m sitting on is ideally for buying a house. This market is insane right now though. Sorry if this is the wrong place to post this. Just looking for some advice as I donā€™t have a lot of people around me to ask. Thanks so much! +November marks my 25th anniversary working towards financial independence. I hope others might benefit from the observations I gathered over an extended timeframe of perseverance. + +I began adulthood with severe anxiety regarding finances. + +I developed FIRE-type thinking before FIRE was a commonly understood philosophy. My thinking developed through personal experiences and later through forums such as these. FIRE thinking helped me to overcome an unhealthy fear of becoming destitute while accelerating other life goals that have brought peace, contentment, and happiness to everyday life. + +This article documents that journey as a means to give back to a community which has given much to me. I hope it is informative, supportive, and motivating for everyone on their own journey. I will answer questions and offer additional perspective in the comments where possible. + +This is a throw away account and certain milestones have been obfuscated to create some semblance of privacy and anonymity, though all financial figures quoted are accurate. + +**Outline** + +1. About Me +2. My FI Philosophy +3. Milestones +4. My Investment Philosophy +5. My Expense Pattern +6. My Evolving View Of FI +7. Lessons & Observations + +**About Me** + +I achieved FI in 2017. I have no plans to RE. + +I am mid-40s living in a HCOL area. Married with no kids as we prefer partying over parenting. + +I grew up in upper lower class economic conditions around military bases. My parents struggled to save money outside of any retirement benefits afforded from their jobs. Frequently being unable to have the trips, food, clothes, and toys that the ā€œotherā€ kids had formed an indelible mark. There have been periods where I have had significant anxiety regarding financial safety. + +I work in tech. My wife is an overworked, underpaid social worker. + +My career began as a deeply indebted student and after graduation included jobs in training, engineering, product, executive leadership, startup CEO, investing, and governance. + +I write a well-read technology blog and authored 3 books that are now irrelevant. + +I travel extensively, sometimes for work, sometimes pleasure. I have visited 50 countries. I have a pilotā€™s license. I own 2 houses, a plane, 2 cars, and a boat. + +**My FI Philosophy** + +1. **Live Life Below My Means.** I should always be saving money, regardless of what my income level is. As long as I earn a W2 income from a job, my monthly expenses should be (on average) at least 50% below the average after-tax income. This also means that itā€™s OK to increase my spend on quality of life as my means has increased, though it wasnā€™t until my 30s before I practiced this without stress. As you'll see, having this policy is easier to state than to always follow. +2. **FI Definition.** Because of my youthful anxiety towards money, difficulty in determining what a viable number of years ā€œin retirementā€ might be, and debates as to what constitutes a Safe Withdrawal Rate (SWR), I chose to shape a personal definition. For me, FI is the ability to generate enough income from non-W2 activities such that my annual rate of expenses is covered. Income generation can happen from rents, selling volatility, interest, or dividends. In other words, FI is when my net worth continues to grow with or without traditional W2 income. This philosophy may change one day ā€“ either because the net worth pool is large or the expected number of years before death materially shrinks. +3. **Eliminate Debt, Even If It Is An Economic Mistake.** After having bought and sold five different homes, I came to realize that the mental stress of having debt outweighed its economic benefits. Starting sometime around 2018, I decided to eliminate all possible debt, even 2% mortgage debt. While the arbitrage of investment results would have yielded a better overall economic outcome by keeping the debt, that financial gain could never be large enough to compensate for the anxiety-neutralizing-feeling of being ā€œdebt freeā€. Whatever I owned was owned by me alone, and in the unlikely event I were to become unemployed or without income, the future of those assets was solely in my control and not in conjunction with a bank. I execute this policy on life assets, such as my primary home and automobile, and toy assets, such as my plane. This, of course, requires a person to have enough assets to cover the debt, and it took me 15 years to achieve this threshold. +4. **Invest To Beat The Market.** If I am willing to devote more energy and research time than others (at the cost of fun, family time, etc), then I should be able to make smarter decisions that yield higher results. Split investments into those things which are liquid vs. illiquid. Try to keep most of my available cash in liquid investments. I prefer (and try) to earn equity in illiquid investments through time-based contributions, sweat equity, carried interest, or as a job benefit. This doesnā€™t always happen, and I have had to outlay cash for angel investments, as a limited partner in a VC fund, and stock purchases for companies Iā€™ve run. Never let others manage our money as they lack incentives to behave as an owner. As youā€™ll see, lacking this wisdom once cost me $3M in my early career. + +**Milestones** + +|**Year**|**Net Worth**|**Addl Illiquid Assets**|**W2 Income**|**Material Events**| +|:-|:-|:-|:-|:-| +|1997|\-$95,685|$-|$14,110|Pizza Delivery| +|1998|\-$88,299|$-|$25,906|Graduate Univ.| +|1999|$25,612|$-|$104,155|Footnote #1| +|2000|$88,843|$2,700,954|$125,543|Emp. Equity! :-)| +|2001|$247,777|$800,056|$232,223|Dotcom Bust| +|2002|$294,994|$-|$144,987|Footnote #2 :-(| +|2003|$336,523|$-|$283,847|First Home Buy| +|2004|$384,258|$-|$207,411|Sold 1st Startup| +|2005|$436,189|$15,000|$138,845|1st Angel Investment| +|2006|$558,473|$15,000|$191,384|2nd Home Buy| +|2007|$614,038|$15,000|$204,448|3rd Home Buy| +|2008|$545,783|$15,000|$231,926|| +|2009|$638,926|$15,000|$233,656|Footnote #3 :-(| +|2010|$1,009,650|$25,000|$427,404|| +|2011|$1,333,754|$100,000|$384,681|Started 2nd Startup| +|2012|$1,637,200|$104,000|$89,187|Became VC Scout| +|2013|$1,966,303|$407,703|$255,000|| +|2014|$1,777,266|$1,360,905|$230,000|Sold 1st Angel Investment!| +|2015|$2,313,846|$5,786,086|$243,750|1st VC Distribution :-)| +|2016|$2,638,612|$5,210,121|$368,622|Startup Profitable :-)| +|2017|$6,422,053|$6,162,527|$802,590|Startup Acquired :-)| +|2018|$6,514,291|$7,805,654|$452,129|Paid Off Mortgages| +|2019|$8,202,434|$9,895,887|$561,954|3rd CEO Gig| +|2020|$8,079,164|$6,466,506|$801,151|| +|2021|$7,414,909|$10,658,321|$998,761|Footnote #4 :-(| +|2022|$10,318,719|$9,457,050|$1,065,001|Strong Investment Returns| + +Definitions: + +* Net Worth: The value of all assets where I maintain liquidation control less all known or anticipated liabilities. The assets include fixed assets like my home, plane, and automobiles. While they are illiquid, the choice to effect a sale is within my control. The assets also include the net liquidating value of trading accounts, deferred compensation, 401K, IRAs, and checking accounts. The liabilities include any outstanding debts including mortgages and credit along with any future anticipated taxes that would be due from liquidating 401K, IRA or deferred compensation accounts. +* Additional Illiquid Assets: This is the mark-to-market (ie, my personal best guess) for the carrying value of additional assets for which I am entitled, but for which I have little control as to when or how they may become liquid. These include angel investments, the value of my shares of VC funds for which I am a limited partner, and carried interest for investments that were sourced as a VC scout. This value does not exclude anticipated taxes which is hard to calculate since some taxes are paid in advance of receiving distributions. Itā€™s possible that the tax burden on the remaining distributions could be <20%. Itā€™s possible that all these assets become worthless, but unlikely, as the $9.4M carrying value is spread across more than 3 dozen businesses and about half of those have already been sold or already profitable. +* W2 Income: The income received by my wife and I from our W2 jobs. + +Footnotes: + +1. I had an amazing thing happen about 18 months after university. I was working as a grunt in a consulting firm that had some acquisition interest from a large publicly traded company who was making aggressive moves into an area of technology where I had been tasked. The acquisition was moving fast and the firm needed to produce certain deliverables in a week that would normally require months. I stepped up and found a way to deliver the assets. The consultancy got acquired for what was a great outcome for the founder. Without expectation, he surprised me one day and offered to pay off my remaining $80K in student loans. I was hired by the acquiring company as a domain specialist and they doubled my income to $70K. The feeling can only be described as elation followed by a long cry. It was a powerful lesson in what the value of hard, dedicated work can bring. +2. The dotcom boom and bust was another high and low time. The company that acquired me gave a nice pool of options. In the matter of a year, those options were worth nearly $4M at one point. It was intoxicating to watch the value increase nearly every day as the Nasdaq skyrocketed. I had cashed out some of the options when they were available, but most I did not. To make matters worse, I decided to exercise and hold a good chunk of the options which means that taxes were due on the paper profits. I ended up selling a bunch of options to pay those taxes to the tune of nearly $400K. At the time I was unaware of steps that I could take to protect the value of the options that were unvested or that insurance was available which could lock in their value. If I had known that I could spend 10-15% of the value of the options to lock in their value, I would have done it. But I was young and naĆÆve and believing that stocks only go up. The company I was in had a public high of $98 and by the time the dotcom crash had settled they were down to $4. I was able to sell some of the options and netted a profit of around $300K and the government got to hold onto that $400K in early tax payments. It wouldnā€™t be until the financial crash in 2009 where I could finally reclaim most of these early tax payments to use as a deduction against income (see the next footnote). +3. The financial crisis of 2008-2010 was a difficult time. I was sitting on three homes, had overpaid for the last home, and had mortgages on all three. When the housing crisis kicked in, I was nearly $750K under water across the three properties. Youā€™ll note that my net worth somehow increased. I saved my bacon through research and a little help from the government. Turns out that if you can get a valid short sale offer in California then the bank will eat the losses on the underwater part of the mortgage. And further, Congress passed a law in 2008 or 2009 that allowed taxpayers to write off the loss for up to two years (the $750K mortgage write off is normally taxed as income). It effectively allowed me to sell two of the homes, walk away from the mortgages, and not owe any taxes. This turned into one boost to my net worth as I was starting to carry the losses against the net worth. The consequence was a massive hit to my credit which lasted 7 years. I had no plans to open new credit cards in that time frame, so felt like a good compromise. The other boost to the net worth was the final reconciliation of what happened in Footnote 2, where Congress allowed taxpayers to take any pre-paid taxes from previous years and to deduct 50% of whatā€™s remaining each of the next two years. This dramatically reduced the income on which I owed taxes, gave me a huge refund for two years, and then boosted the net worth. +4. While the stock market had one of its best years in a decade in 2021, it was one of my worst trading years at -21%. For reasons that will be described in future sections, most of my trading for IRAs and trading accounts (\~85% of my liquid assets), are traded by selling volatility which is somewhat anti-correlated to buy-and-hold. Strong, unrelenting bull markets that have no price relief are difficult for this style of trading to do well and, thus, the performance hit. In spite of this negative performance, the year was a positive net worth year because of distributions from VC funds, the surprise sale of two angel investments, and a small secondary event (the opportunity to sell a portion of my equity) from the company for which I currently run. + +**My Investment Philosophy** + +Here are the cumulative returns across my investment accounts, 401K, and IRAs. These are all investments where I personally direct and control the nature of how the funds should be deployed. + +|Year|Return|Material Events| +|:-|:-|:-| +|1997|0%|| +|1998|0%|| +|1999|17.8%|401k| +|2000|9.5%|| +|2001|(5.9%)|| +|2002|1.4%|| +|2003|7.8%|Open first trading account| +|2004|5.9%|| +|2005|16.2%|Hired money manager| +|2006|12.9%|| +|2007|14.2%|| +|2008|(32.1%)|Fired money manager| +|2009|31.1%|| +|2010|2.1%|| +|2011|12.9%|Started volatility selling| +|2012|24.39%|\>80% of investable assets now in volatility selling| +|2013|3.93%|| +|2014|(8.3%)|| +|2015|57.5%|| +|2016|24.04%|| +|2017|(.6%)|| +|2018|(.1%)|| +|2019|32.7%|| +|2020|(2.8%)|| +|2021|(31.3%)|Horrible year for volatility selling| +|2022|62.9%|Great year for volatility selling| + +My investment philosophy has shifted over 25 years. My current approach, which was enacted in its fullest amount in 2012, involves: + +1. **401K.** Maximize my participation and get any employer match. These funds go into a fairly conservative 2030 fund which is mostly bonds a little bit of stocks. This currently accounts for 8% of my liquid investable net worth. +2. **IRA.** Whenever I leave one job, I immediately rollover any 401K funds into a non-ROTH IRA. This accounts for 22% of my investable funds. The IRA trades by selling volatility through iron condors against broad-based indexes like NDX or SPX. +3. **Cash.** I rotate my checking and emergency cash by investing into tbills, treasuries, and ibonds through Treasury Direct. This has yielded 0.2% to 5% depending upon how interest rates are fluctuating. I mostly do 8 week short term rollovers. It slows in the winter to make any cash needed for taxes available. This equates to 9% of my liquid investable assets. +4. **Brokerage.** This is all of my other investable liquid assets. The brokerage trades by selling volatility through naked leveraged strangles in a portfolio margin account. This was a strategy that I developed a long time ago after spending dozens of weekends reading and learning about options. Selling volatility isnā€™t for the faint of heart, but if managed well you can reliably return 16% / year while assuming above average, but not ā€œdestroy youā€ risk. Over the years, I have tried to ā€˜tweakā€™ how I sell volatility to boost the returns and this generally has backfired. In 2020 during the down turn I decided to alter the approach in a way which would penalize me if the market were to climb aggressively. And, well, that is what it did for 18 months and I took it on the chin. Selling volatility is very good in soft down and flat markets, such as what we are experiencing in 2022. And, thus, itā€™s been a spectacular year of returns. While there are no guarantees of the future, I expect to moderate how volatility is sold so that I can more reliably return 15% / year with fewer massive up / down years: ie, lower returns with lower results volatility. + +If you have done the math, I have 83% of my investable liquid assets in volatility, which is leveraged, and higher risk. Itā€™s also generally anti-correlated to the stock market. In years that the market does well, volatility will not do as well. Why? A few reasons: a) My job and illiquid assets are heavily correlated to how the NASDAQ will perform with many factors beyond my control, b) volatility is a form of anti-correlation to most of my assets creating a blended return which (over time) adds to a combined net worth, c) I am a horrible public markets stock picker; almost every buy-and-hold bet I make doesnā€™t yield good results; selling volatility is an approach that allows me to not have to make a judgement on fair value or price of the index; therefore it is programmatic in what is needed rather than having to endlessly study 1000s of public market companies to make investment bets. + +If 30-year treasuries ever breach 10% again like in the 70s, I will put everything I have into them and call it a day. No need to deal with selling volatility if that scenario plays out. Yes, inflation would be monstrous in that scenario, but it would be nice to know that a 10% rate of return is guaranteed for 30 years. And chances are the value of those debt instruments will increase over that time frame yielding a total return higher than 10%. + +As mentioned previously, even if my expectation for selling volatility is 18% / year on average, then it would economically make sense to have a mortgage or HELOC on my properties, especially when their interest rate was <2%. The arbitrage on a $1M mortgage is over 15% / year and that is before you factor the mortgage interest tax deduction. In my 20s and 30s, this would have been a must-do imperative. Unfortunately, it took me 20 years to realize that the financial gain from the arbitrage doesnā€™t cover the mental stress of having debt with a creditor who takes a senior lien position. + +**My Expense Pattern** + +Iā€™ve tried to structure my ā€œrun rateā€ expenses to comfortable sit below my after tax W2 income. Investment gains and other assets generally should not be sourced for funding the normal lifestyle of which I live. My wife and I are generally minimalists, though for the few things we own or experience, we are comfortable in purchasing a premium product or experience. This especially includes vacations, for which we will attempt to do one 4 week trip every few years, and a number of 5 day and 8 day trips each year. + +I consider my ā€œrun rateā€ expenses to include mortgages, insurance, food, fuel, utilities, vacations, furniture, electronics, medical bills, clothes, jewelry. Generally, anything that we need to spend money on that isnā€™t considered an investment or necessary for us to live. + +To better reflect the spending patterns, I am excluding any lump sum payments such as a down payment made for a mortgage. The reverse is also true, excluding any lump sum payment received when selling a home. + +My historical tax rate has been \~32% across federal and state taxes after netting out any credits and deductions. Iā€™ve been generally tax inefficient during my income years as Iā€™ve always seen that the steps necessary to lower the tax rate meaningfully were too much of an inconvenience to warrant the potential gains. I expect our effective tax rate to inch towards 38% in the coming years. + +&#x200B; + +|Year|Expenses|% W2 Income|Comments| +|:-|:-|:-|:-| +|1997|$12,555|89%|College years| +|1998|$22,194|86%|| +|1999|$42,904|41%|| +|2000|$47,777|38%|| +|2001|$41,150|18%|| +|2002|$55,208|38%|| +|2003|$106,086|37%|Mortgages add up| +|2004|$139,899|67%|| +|2005|$84,790|61%|| +|2006|$72,874|38%|| +|2007|$106,163|52%|| +|2008|$118,023|51%|| +|2009|$104,085|45%|| +|2010|$192,593|45%|Expensive vacations| +|2011|$190,074|49%|| +|2012|$168,302|189%|$0 startup salary for 6 months.| +|2013|$180,788|71%|4 intl vacations| +|2014|$155,078|67%|| +|2015|$188,987|78%|| +|2016|$185,309|50%|| +|2017|$201,109|25%|Lifestyle creep| +|2018|$267,725|59%|Pilot training is expensive| +|2019|$204,598|36%|Paid off mortgages| +|2020|$97,512|12%|COVID lock down == little spend| +|2021|$134,398|13%|Paid off plane mortgage| +|2022|$167,189|16%|| + +**My Work History** + +I only consistently made $250K of W2 income starting in 2016. At this time, my net worth was $2.6M with another $5.2M in illiquid assets. Our average income over those previous 16 years was $235K with 8 years making less than $200K. While $200K is a very generous income and above the average of most people, my key point is that the combined net worth of $7.8M is far above the $3.8M in taxable income earned over that same period. + +A persistent, hard working family that chooses to spend below their earnings that intelligently invests their savings is able to build significant worth beyond the limits of what their job provides. + +Like the stock market, my career has its ups and downs. + +Interestingly, itā€™s marked by a number of short stints interspersed among long stints. Iā€™ve worked in large publicly traded companies and as employee #1 in a startup. In my 25-year working career, the longest period of not having a W2 paying job has been 3 months. + +I have only maintained a single W2 paying job at one time. I am, however, allowed to simultaneously angel invest, be a VC scout, sit on boards, and consult for companies across the tech ecosystem while I perform my primary function as employee. All of these additional activities help to build my portfolio of additional illiquid assets. I am earning sweat equity rather than having to outlay significant cash to build these positions. + +&#x200B; + +|Period|Role|Comments| +|:-|:-|:-| +|1997-2003|Engineer, Tech Expert|Joined 15-person startup, acquired by public company after 12 months, multiple geeky roles at the acquirer.| +|2003-2004|CEO|Ran a 10-person consulting company specializing in geekery. Fire sale acquisition by another consulting company & I was not hired.| +|2004|Product|Joined a hot data startup to run product. Culture fail as the founder was a jerk. Quit after 1 week. This company eventually sold 2 years later for $900M! It would have been a big payday. No regrets, though.| +|2005-2011|Product|Mid-sized, fast growing public company.| +|2011|Product|VP @ very large public company. Reported to famous visionary. Resigned after 3 months (famous person was a jerk). Offered $1M / yr to stay and declined. No regrets, though.| +|2011-2017|CEO|Started tech company. Sold to a large public company. Almost bankrupt 3 times before finding fit, growing revenues, and becoming profitable.| +|2017-2019|GM|Ran $100M business unit that included my startup for the company that acquired us.| +|2019-2022|CEO|Hired as CEO of private company. 500 employees, profitable, setting sights on $100M in revs.| + +**My Evolving View Of Financial Independence** + +While young, my view of financial worth was measured by net worth. ā€œWill I ever be worth 1 MILLION dollars?!?ā€, as if that number held a magical quality that, if achieved, suddenly made one financially well-off. The day I became a millionaire was anti-climatic other than the entertainment value of seeing two commas on my tracking sheet. And that financial milestone was quickly discarded in favor of achieving the next million because I didnā€™t feel safe / stable / protected with just having one. And then the next one, and next one after that. + +Net worth is not a good way to quantify your financial independence. + +Iā€™m familiar with the 4% SWR, and itā€™s always struck me as a challenging measure of whether someone has the financial means to retire early. There are too many challenges: how long do you live, changing macro conditions, unknowns about social safety nets, and so on. But even worse, the 4% SWR is a model where, generally, your net worth is likely to decline over those years depending upon how the investment portfolio performs. + +As a way to deal with this anxiety, Iā€™ve shifted my definition of financial independence to be defined by my ability to continue living my current lifestyle through gains made from investable assets. For 2023, this limited view would generate \~$600K (after netting taxes) for spending against a lifestyle run rate which is effectively $200K. + +Selling volatility has a lot of risk associated since it is leveraged. A financial independence definition that depends upon leveraged risk introduces some peace of mind issues. This is the definition I currently use in order to claim that I am financially independent. + +However, I also track a definition of financial independence that is virtually risk free: FI is when my run rate of life expenses is below the interest that can be earned from buying 30-year treasuries. At 4% yield this would generate \~$190K after taxes. The net after tax payments would benefit from not having state income tax and our family being in a lower average tax bracket. With my life expenses under $200K due to a lack of mortgage, I am currently bumping along on this threshold. Half of my annual expenses are vacations and luxury items (plane maintenance is not cheap) which could easily be eliminated if we decided we wanted to retire early and spend well under the interest generated threshold. + +But we wonā€™t. + +We will probably carry on because we love our work. As our investable assets increase, we will allow lifestyle creep wine, vacations, and hobbies over the coming years. + +**Lessons and Observations** + +1. **Perseverance Yields Results.** Having a long history of steady savings can lead to big outcomes. While the sale of my company did create a boost in my wealth, the benefit of compounding savings over decades has lead to a greater contribution to the overall wealth. Iā€™ve never been one to chase quick profits or fads (crypto, though I do own $2K of Bitcoin), and instead see that the professional and technology skills that I can acquire through self-study and life experiences pay larger dividends than with gambling investments. +2. **Always Have A Project.** Whether itā€™s becoming an expert in a new technology, learning the nuances of how strategic business development is orchestrated, or earning a pilotā€™s license, having 2-3 ongoing passion projects creates contentment, builds worldly skills, and opens work / financial opportunities that I was not seeking or aware of. +3. **Culturally Fail Fast.** Iā€™ve been in 4 work scenarios where there was a culture mismatch. Either the people around were unpleasant or there was a limited interest in peers to socially connect. Get out of those situations as fast as possible, within days if necessary. Iā€™ve been fortunate to listen to my inner voice and the longest I was in an unpleasant environment was 9 months. In two of these fail fast scenarios, had I stayed for more than 4 years, I would have earned more than $5M in each scenario. They were economic mistakes but like successes. +4. **Peace Of Mind Matters More Than Profit.** It took me the better part of my young adulthood, but I sleep peacefully by structuring my finances and earnings in such a way where I have the maximal peace of mind given my risk tolerance. The things that eat at me would be consistently having expenses above my income and a financial independence strategy that required my net worth to decline due to withdrawals. +5. **Over Sacrificing Will Sabotage Important Relationships.** Being aggressive in your career and sacrificing time with family, friends, and lovers hasnā€™t created enough of leapfrog in my FI journey that warrants the cost (often sabotage) that will come to those relationships. I was a relentless worker in my early years. Now I am a wise worker with a structured balance between work and play. +6. **Maintain A War Time Mindset With Investing.** Invest assuming that your worst-case nightmare scenario will happen. With this mindset, every investment has risk mitigations (both in my mindset and structurally). By thinking this way, you will be prepared emotionally and skill wise to act when negative scenarios occur. I used to be apprehensive about selling volatility with reasonable risk. It requires me to do things such as selling naked calls. Most traders hear the oft repeated words, "naked calls have unlimited loss potential!" and immediately run for the hills. I worked for months to avoid ever having a naked call go in the money as that would be the nightmare. Well, one time it happened, they were in the money, and I was frozen. But the nightmare was much worse in my dreams, learned how to trade out of it, and recognized that trading as if everything was always in the money made everything easier to absorb. So that is how I invest and trade - it's war time, nothing will go right, and have a plan for every possible contingency. +Been been all about ether and bitcoin for sometime now however sold the majority of my holdings at 14-17k and Iā€™m ready to re-up. 80%+ going back into ether. + +Ganna treat it like my savings account that happens to out preform the average 401k +I saw an auction start at $750k bids go to $905k, didn't meet the reserve. REA paused the auction and took the leading bidder aside and then spoke to the Vendors. + +I left as things were dragging out but I gathered the buyer was going to 'sit down' with the REA for negotiations. + +Just curious if people here have insight as to what those discussions look like? +Might be an obvious "just sell it", but curious to get some feedback. + +I'll likely purchase a house in the next 12-18 months. Right now most of my money is tied up in equities. I can sell today at roughly a 2% loss overall, and make it up with a one year 4.5% GIC. + +Alternatively, I can try and wait out the next few weeks to see what happens, but timing the market is a dumb idea. + +I've recently changed careers and buying real estate is realistic for me, hence the change in timelines. + +Got a lot of red in my books, but right now I'm 30% up on AAPL which is nearly 1/3rd of it, making up for losses in others. + +Edit: Going to sell this in chunks over the next few months - but as of today I liquidated the 40% of my portfolio that was in the green to lock in profits. + +Second Edit: Sold even more after doing some modelling. Right now My portfolio is 70% Cash/ 30% equity - those equities are all in an ETF. + +All of my profit taking + realized losses equated to about a $85 net profit (As of September 13th). Unrealized losses - VGT is my final position, which I will sell in chunks over the next year. + +Final Edit - Funny Meme- [](https://i.redd.it/enxv62s3tmn91.png) +Title says it all. Smart phones and social media have without a doubt changed the world rapidly and has forever changed our lives. However there have been growing pains and some unintended consequences of this technology adoption. Do you foresee any unintended consequences as a result of mass adoption of Crypto/Blockchain technology? Obviously there will be major economic changes ranging from job displacement and inflows/outflows of capital to and from this new technology. But I am really focused on the potential societal effects that it may cause. + +What are your thoughts? + +EDIT: I was really looking for outside of the box thinking. Not the typical scams, losing money, shills, and pump and dumps we all know about. +Barring a background check (which will come back clean) I am now gainfully employed full time starting at 12/hr (plus more for exprince). \^\_\^ + +I am happy. +My partner and I have just found out we're pregnant with our first child. This was very much planned and we're over the moon! + +My thoughts now are turning to the cost, both in terms of stuff to buy for the baby arriving, and monthly expenditure in the first year of his or her life. We have been actively saving for this prospect but with no real goalposts, as such. + +Can anyone give some advice based on experience? + +For information: + +* my partner and I live in rural central Scotland +* we own our house +* we earn a combined Ā£70K before tax + +&#x200B; + +EDIT: Some fantastic information and advice in this thread - thank you to you all! +I feel like I'm taking crazy pills. + +Random average people are getting [50 billion dollars](https://www.dailydot.com/debug/chase-bank-50-billion-debt-glitch/) either withdrawn or deposited into their accounts. + +Some are getting it only withdrawn, which would be an extra 50 billion dollars in assets to the bank, no? + +Others are getting 50 billion dollars added to their account, but on hold for 70 years. Seems like a neat way to balance out the charges, while having everything tilt in the favour of the bank. + +I fail to see a glitch that simultaneously withdraws that amount from one account while also depositing that amount with the caveat of it being on hold for decades. This is blatant book cooking at worst, and at best is a major error in the banking system. + + +Apologies for formatting, I am on mobile. +Be advised, Antpool just mined a BU block, meaning they are going all in for a shitcoin version of BTC. + +https://www.blocktrail.com/BTC/block/00000000000000000204cd2c9840023f1434f3dcdd7f471e4b8c8638d14d7006 + +If youĀ“re pointing your hashing power to Antpool and care about the health of the bitcoin network, consider pointing your miners away from Antpol. + +Thanks. + +PS: Someone's downvoting this thread. I guess Roger and Jihan are scared. + +UASF FTW +We have incredible people doing amazing things every single day!! + +I just wanted to say, iā€™ve never been part of the cool kids club in my life, iā€™ve never been early to anything and I just want to thank you all for being here and keeping the dream alive. Without all of you apes in here im certain that the crushing weight of the pandemic would have gotten the better of some of us here. + +Big shout out to the mods who are the greatest mods I have ever encountered on the internet; shout out to all of the wrinkle brained apes and Kong apes that have helped us to stand up straight and evolve; and shout out to all of you regular apes like me who are here because they want to change the world for the better. + +Keep on keeping on! +šŸ‘šŸ½ (+20 likes from u/indianyellow_ ) +Expecting ~$1M cash through primary home sale, post all expenses. How would you diversify your investments given most/all assets are fairly expensive now? Would you hold a chunk in cash to jump in when there is a correction? We are in our late thirties with a 5 year old kid. Have additional net worth of a little over $1M (tax advantaged, taxable, 529 and some investment real estate). +In the past 3-4 years, my husband and I have gotten a refund upwards of $4k. Obviously, this is unideal: we'd rather the money be in our paychecks instead of one lump sum to permit for better budgeting, etc. +Our taxes are a challenge to get right because my husband has self employed health insurance amount due to S-Corp / family attribution of grandfather's owned stock. Additionally, we add a dependent to the mix every other year! +Last year we set out to have adjustments to our withholdings so it would be much less. + +Well, we succeeded!!! We owe ~$500-$700. I'm finding its a lot less fun this time around! Ha! +We weren't "banking" on having a large amount come in, but in the last few months have tossed around things like 'oh yeah, the tax return is still out there, so maybe we can do X or Y when we file'. + +Jokes on us, we aren't getting that money! ;) + +This is all tongue-in-cheek, not having a return won't hurt us because we've financially been better off in 2019 and luckily so far this year and we're good budgeters. But, it's funny that we've met our goal of not getting $5k+ back, and we're both like "aw man its more fun the other way around!" +I often see 1% profit of total account per day as a goal. Or: $50,000 account, ~500/day goal. + + +I've also seen never risk more than 1% of your account per trade. That means if I see a stock, I'm only putting 500 in? + +That means I need 100 successful trades and no losses to meet the 1% goal. + +So there has to realistically be hundreds of trades a day? + +That doesn't seem right to me. Seems better to put 10, 25, even half of total in as long as there are stop losses. + +Is this correct? +Mum has just received pension statement and is 1 year away from being able to claim her pension from this pot. + +Pension size is 20k, with contributions of 6k over 6 years. The estimated annual payout is Ā£400. + +It seems crazy to me that she will have to receive her pension for 15 years (and taxed) before she receives just the amount she put in, with her having to receive the pension for 50 years to receive the pot total. + +Anyone have insight on what Iā€™m missing? +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Ryan Cohen has spoken once again. +It has been *far* too long since we've heard words from the man, but what a glorious return. +Calling out the Fed's reckless approach to monetary policy is exciting, but doing it with a sex tweet gets my tits absolutely jacked to the max. +Is this the start of something big? +I cannot wait to find out. + +Today is Wednesday, October 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$25.66 / 26,39 ā‚¬** *(volume: 2233)* +- šŸŸ© 115 minutes in: $25.55 / 26,27 ā‚¬ *(volume: 2226)* +- šŸŸ© 110 minutes in: $25.53 / 26,25 ā‚¬ *(volume: 2226)* +- ā¬œ 105 minutes in: $25.51 / 26,24 ā‚¬ *(volume: 2211)* +- šŸŸ© 100 minutes in: $25.51 / 26,24 ā‚¬ *(volume: 2211)* +- šŸŸ„ 95 minutes in: $25.14 / 25,86 ā‚¬ *(volume: 2187)* +- šŸŸ„ 90 minutes in: $25.16 / 25,87 ā‚¬ *(volume: 2187)* +- šŸŸ„ 85 minutes in: $25.39 / 26,11 ā‚¬ *(volume: 2012)* +- šŸŸ„ 80 minutes in: $25.54 / 26,26 ā‚¬ *(volume: 160)* +- šŸŸ© 75 minutes in: $25.54 / 26,27 ā‚¬ *(volume: 160)* +- šŸŸ„ 70 minutes in: $25.38 / 26,10 ā‚¬ *(volume: 1911)* +- šŸŸ„ 65 minutes in: $25.53 / 26,26 ā‚¬ *(volume: 1901)* +- ā¬œ 60 minutes in: $25.71 / 26,44 ā‚¬ *(volume: 1306)* +- šŸŸ„ 55 minutes in: $25.71 / 26,44 ā‚¬ *(volume: 1006)* +- šŸŸ© 50 minutes in: $25.72 / 26,46 ā‚¬ *(volume: 980)* +- šŸŸ„ 45 minutes in: $25.71 / 26,45 ā‚¬ *(volume: 946)* +- šŸŸ© 40 minutes in: $25.74 / 26,47 ā‚¬ *(volume: 935)* +- šŸŸ© 35 minutes in: $25.73 / 26,47 ā‚¬ *(volume: 279)* +- šŸŸ© 30 minutes in: $25.73 / 26,46 ā‚¬ *(volume: 113)* +- šŸŸ© 25 minutes in: $25.72 / 26,45 ā‚¬ *(volume: 109)* +- šŸŸ„ 20 minutes in: $25.70 / 26,43 ā‚¬ *(volume: 94)* +- šŸŸ© 15 minutes in: $25.72 / 26,45 ā‚¬ *(volume: 94)* +- šŸŸ„ 10 minutes in: $25.70 / 26,44 ā‚¬ *(volume: 59)* +- šŸŸ© 0 minutes in: $25.71 / 26,44 ā‚¬ *(volume: 16)* +- šŸŸ© US close price: $25.27 / 25,99 ā‚¬ *($25.60 / 26,33 ā‚¬ 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 0.9723. 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) + +DiamantenhƤnde 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! +Posting here so I don't get yelled at for not just buying. + +Right now you can buy ITM call spreads on GME that based on normal options pricing are extremely profitable. + +2 examples. + +1 near the money. + +a 180/190 spread right now costs about 3 dollars each. Normal options pricing would put this near 5 dollars each with such high IV. + +2 and even better by statistics, ITM spreads. + +a 155/165 spread for example is only around 5 dollars each right now despite being very deep ITM. Even with high IV this should cost at least closer to 7.5 each. + +The options were like this last week as well and paid nicely... + +Why wider spreads? Why not 5 dollar wide etc? Wider spreads give higher risk to reward in return for a higher chance the stock price lands below your max profit, but still ITM. Personally, the stock is so volatile I think the odds of it landing in between your strikes is relatively low. Making Wider better, but this is really personal preference. + + +EDIT/UPDATE + +just want to throw a note that over the hours and the price increase this post still remains just as true. +My 150/160 spread is still trading BELOW 6 dollars each. Still saying there is a significant chance of it expiring OTM despite being near $200 current price. And the more time that passes the higher the probability it ends ITM. + +Spread near the money still trading around 3 each.(talking 10 dollar wide still though wider spreads like 15/20 are super viable) + +So if you are wondering if it's too late, the answer is an emphatic no +I've managed to save money for the first time in my life (just stopped spending as much during the pandemic) and have built up a nice little egg (bout $50K) which is just being kept in a savings account. I've heard this means I'm losing money because of inflation (which makes me feel like a fool getting excited over $50 interest every month . . . I am a low earner hahah so even $50 excites me). My savings won't be growing as much as it has any time soon because I lost my main job so now it's just sitting there getting $20 deposited a month so ING still pays the interest. + +I come from a poor family and am pretty financially illiterate so I have no clue what to do with this savings. Is there an alternative method where I can just pop most of this money in and then forget about it for a few years and let it grow? Any leads or tips would be great. + +I'm not very smart when it comes to money or numbers but I'm starting to feel embarrassed over leaving that money in the bank. Help? + +EDIT: Would also love it if anyone knows any organisations that can help work out this sort of financial stuff either cheap or free . . . I'm Indigenous and have a disability, and I know there are orgs out there that help with other stuff for the disadvantaged but have never really seen anything about teaching financial literacy. +Hey all, + +I've been managing my finances according to this simple and kind of obvious principle my whole life and I've always assumed that was common practice among people but it seems to me that I might actually be part of a minority and that lot of people are often willing to go beyond their financial means and take unnecessary debt. + +What are your thoughts on this matter? + +EDIT: thank you all guys for the fruitful exchange of views! +I was surprised to see in the hobby threads that FatFirer's do not have expensive hobbies for the most part. I thought you guys would be posting about lavish boat voyages, safaris and such. but outside of a few things like getting a pilot's licence there wasn't all that much difference. + +The other upside I can see then is withdrawing at a lower SWR, or more broadly, having a bigger cushion to avoid depleting the savings warchest. I personally do not consider that a big benefit over RegularFire (over leanfire, yes). + +I would like to ask a pointed question then. What do YOU consider the major benefit of FatFire over RegularFire? Obviously most people not selling a company or inheriting a large sum can retire years earlier on RegularFire so I want to know why you have (or will) wait longer. + +Maybe I am approaching this from the wrong angle and the real justification is that the FatFire crowd enjoys their profession. Fire becomes a minor, possibly undesirable goal in some ways. If so that would also be interesting feedback. I still enjoy being a programmer but in another 10 years I'm not sure that will hold up. +The rationale of most people on twitter and reddit seems to be , recession = cancel rate hikes. + +This is like missing the forest for the trees. Recession is a BIG thing. Dare I say bigger than anything that FED can or cannot do. Why? With 9% inflation FED will not do QE to save the economy. Meaning there is no help coming. Rate hike pause in itself won't mean much to get the economy out of recession when interest rates are at 2.5-3%. + +Now for the real important part. Median drawdown of S&P during a recession is 40%. So far we've seen 20%. Source: [https://twitter.com/KeithMcCullough/status/1550056745011236864](https://twitter.com/KeithMcCullough/status/1550056745011236864) + +In conclusion, I would suggest caution during these times. And not fall for narrative flowing around. After all, the data is clear. +I have about 100K on hand, and I own a rental property in south Florida which has appreciated quite substantially since purchase - approx. 50%. I tend towards investing in real estate, but I can't help but feel like the stock market may be a better bet in today's market. Plus, real estate prices are so high now that It almost feels inevitable that prices will fall, or at least flatten out, at some point soon. It's very tempting to sell my unit, invest that money in the market, and survey real estate opportunities *only for those* deals that would be worth it (for the time being). That being said, I do believe in the FL real estate market, and I don't see similar conditions that would lend itself to a true collapse like we saw in 2008. What do you all think? +**UPDATED AND RESOLVED! No need to continue replying. Not sure how and if I can update the title of my post...** + +&#x200B; + +**Wow I honestly didn't expect to get this many replies or for this topic to be so controversial. Maybe it's because this involves both a financial and moral stance? Well anyways, thank you to everyone who provided advice, personal experiences, and educated information.** + +&#x200B; + +**I walked in, kindly let my boss know I wanted to resign, and walked out. We were always polite to each other, so she guessed that I was uncomfortable based on my uncertain reaction on Tuesday. She has offered to compensate me for the days I haven't been paid yet. Overall it was a civil resolution. Based upon comments on this post, I will likely list the $200 under "additional income" when tax season comes around and be done with it. I have GAD and was freaking out about this more than most people would (hence the commenters telling me I'm making a big deal about it and to stfu lol), but hearing the support/affirmations from you other commenters has really helped. Thank you again so much for your input and I hope this post is helpful to anyone else who stumbles across this situation!** + +&#x200B; + +**EDIT: I noticed people are still commenting about how I made the wrong decision and lost a perfectly good job, but rest assured, I am fortunate to have another flexible PT job lined up that offers a higher wage, benefits, mileage compensation, and full-time opportunities. They also put their employees on payroll and enforce the necessary paperwork. :D** + +&#x200B; + +\~ + +&#x200B; + +2 weeks ago, I landed a part-time job at this small, private after-school company for kids. It is only a 6-9 hours a week gig for $12/hour. I live in the Los Angeles, California area. + +&#x200B; + +**Red flag 1:** On day 2, I realized my boss didn't give me any of the typical paperwork. So I confronted her and asked her for the I-9 and W-4. She said she would give it to me at the end of my shift, but when that time came she said she couldn't find it and said she would give it to me my next shift. + +&#x200B; + +**Red flag 2:** After that, she asked if I would just prefer to be paid in cash because "it's easier for me and for her," and that's what she does for other student workers. I'm not dumb and understand that is considered working under the table, so I declined and insisted that I would prefer to be on payroll for taxing purposes. She agrees and says okay. + +My next shift comes, and I ask for it again. She spends 15 minutes hunting for it and printing it. I'm already a bit suspicious, but she comes through and gives me the forms. I fill them out and bring them my next shift, and she takes them. + +&#x200B; + +**Red Flag 3:** Pay day is on the 30th of the month, so I pick up my check after my shift on the 2nd. At the end of my shift, she brings me to another room and passes me a personal check of \~$200 with the company name on it. I ask what happened since I was expecting a pay stub, and she said that she wants me to fill out a 109-9. I did some snooping on reddit and know that's for independent contractors. She said I am not an employee because I "choose my own hours as a student." But I don't. I listed my availability for when I'm not in school (like any other job), and told me the time that work for my given schedule is on Tuesday, Thursday at 3pm, Saturday at 1pm. She also gives me directions on what the kids need to be working on and dictates the schedule for the day. So in essence I am an employee. I was surprised, flustered, and not sure about what to do. I accepted the check, but have not cashed it out because I don't know how to go about reporting it on my tax return since she didn't deduct SS or Medicare. + +&#x200B; + +I plan on quitting today under the notion that I found another job that pays higher and is more convenient (I am in the final steps of interviewing for that job technically, but I just really want out of this place) and that I will work my shift today since I'm not putting in 2 weeks and didn't give a heads up on quitting. I just don't want things to get complicated legally or tell her my discomfort about her essentially tax evading. + +&#x200B; + +Any advice on my situation and what to do today and with the personal check would be greatly appreciated! (I'm 22 and a college student). + +&#x200B; + +tldr; My boss led me to believe I was being hired as an employee, gave me a personal check, then told me I was an independent contractor. Not sure what to do with my check, how to file it, or the best way to go about quitting. + +&#x200B; + +EDIT: Updated to W-4. I kept the term 1099 because that's what she told me (lol), but I understand that it's a W-9 that I would have to fill out! Thanks for the corrections everyone. +It still sort of pains me to live more frugally right now in order to put money into retirement accounts and long term investments, so I like to imagine that Iā€™m taking that money and just putting it into a time machine that is instantly being sent to retirement age me. And I imagine how psyched an older and more tired version of myself will be when the doors of that money-stuffed Delorean swing open. Do you have any mental tricks you play with yourself to help you save? +Good morning. I'm back with a new small-cap play out of the Great White North. Some of you may recall I had a write-up on a company by the name of Converge Technology Solutions (TSXV:CTS) several months ago when the stock was ~$1.30. The stock has run up to about $2.30 with a bought deal financing announced yesterday (the second one in 4 months!) for $20m at $2.05. Hopefully some people did well on that name and I still believe it is a hold with a price target now raised from my original $2.50-$3 to $3.00-$3.50. + +My next play is ProntoForms (TSXV:PFM) - a pure SaaS company with traditional SaaS metrics. From a high level - they develop workflow forms on mobile devices for field workers. Simple right? + +Yes. Very simple idea in theory. But what happens when you need your forms to talk to each other? What happens when you want the information collected to go straight to head-office and quick analytics run on it? What happens when If A, open form B, but if A has caveat X, open form C. Might be simple on Excel, but not so simple to translate into a working solution out on the field. + +I should clarify a bit. When I see field worker I mean guys in Oil & gas field (PG&E), elevator repair men/women (Otis), facilities management teams/HVAC (Johnson Controls). Those brackets? Yea, those are ProntoForms clients. Download the investor deck from their website and you will see all of those names. These are what the clients call "Enterprise Clients" which consist of companies that pay more than $100k annually in revenue. These types of companies account for 38% of total ARR which is impressive. + +The Investment thesis: digitalization of the workforce was already happening. COVID has expedited this. That's not a novel idea, but ProntoForms has a head start. They've been going at this for a decade and with customers like the ones listed above (just to name a few) they already have inroads with massive accounts. I expect **huge contracts** out of some of these names of the coming year or so. + +Let's jump into the financials a bit. Like any good SaaS company I'm going to refer to some traditional SaaS metrics but mainly Annual Recurring Revenue (ARR). (All numbers are in USD). + +ARR as of Q2 2020 was USD $16.1m compared to $13.7m in '19. 18% growth in crazy COVID times compared to 26% growth form '18 to '19. I'll take it. This revenue has a margin of 90%. Churn rate for the company has historically been less than 5% annually. + +Total revenue consists of a recurring component (about 90% of the total base) and 10% professional services (i.e. maintenance and implementation fees). Total revenue recognized in '19 was 15.1m while analysts have them doing about 17.1m this year (15% growth compared to historical growth between 20-30% annually). + +Now what about profitability? Well my friends, we are in the world of SaaS where the only black ink involved comes out of eating octopus in Silicon Valley (bit of a stretch but I got nothing better sorry). So there is no real profitability. **But that's ok** + +The company historically shows a loss of $200k-$400k in "non-GAAP op loss" (which is effectively their adjusted EBITDA). However, on a cash flow basis (annually), they are effectively cash neutral. That's the beauty of this size SaaS company - they deferred revenue they receive allows them to fund themselves without having to raise any money. They may show a loss here and there, but there is no need to worry about financing to dilute. With $5m cash on the balance sheet, no worries about financings. + +A few more points on this - in Q2 they showed a small profit. That is a function of COVID reducing their ability to travel which is a big part of sales and marketing. That will always be about 50% of revenue - this is a growth story after all. + +Ok I'm rambling but a lot more to say. 3 more important points - valuation, ownership and the end game. + +**Valuation** + +Right now, about 3.5x 2021 sales. An absolute steal when you look at some of the dog shit companies out there. If this company were in the US, it would be trading at 10x EV/S. SO you're looking at an easy double at minimum. + +**Ownership** + +I've never seen such smart money behind this story. A lot of you are going to come out of the woodworks and say "This thing has no liquidity! muh muh my liquidity!". This isn't a liquidity story. This company might as well be private. **80% of the shares are locked up between management and institutions**. Pender Funds? Yea, they own just under 20% of this company. Terry Matthews, founder of Mitel, he is a seed investor in PFM and I suspect he owns well over 10% as well. Phil Deck, another big tech investor out of Canada and board member owns a good chunk of this company as well. **This is a smart money play**. + +So what you end up seeing are days in the market where 1m shares trade and then 3 weeks of very little. Those big blocks are US and Canadian institutions hunting down shares to take positions. This is the type of story where you set it and forget it in your RRSP and wait for the end game. + +**Speaking of: The End Game** + +Hopefully you've made it this far. + +Like my last play CTS, the end game here is a takeout. This will never be a billion dollar market cap because Private Equity or a strategic will come and take it out. Go download the investor presentation and look at the deck - if you come across the channel partner slides you will find several logical buyers. + +Don't believe me? Let's look at GoCanvas. Mobile forms based out of the US. They were acquired by PE last year. Details on the transaction are murky but from what I understand it was between 8-10x recurring revenue. That would take us to the above valuation I mentioned earlier or by today's metrics, $160.1m USD. Convert that to Canadian, you're looking at ~216m CDN or **$1.80** per share. + +Feedback appreciated. Happy to answer questions and defend my thesis. +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. + +[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 /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 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). +I generally have no trouble justifying to myself why I should buy stocks. But now that I've bought a few Ive realised I have no idea how to justify when to pull out and sell. + +Can anyone offer insights as to how you determine when is the right time to sell a stock? + +This is a general question but specifically I own AVZ, LMG, ARU and NC6. +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) +ā€œWeā€™re looking for someone with experience ā€œ but how can you get experience if you canā€™t even find a job?? Plus I felt like they were ones pushing this worker shortage nonsense when it wasnā€™t true. +Last Monday, I logged into my Truist app and saw a brand new savings account with $1,000. Iā€™ve never seen this account before, and I already had a savings account with SunTrust going back to 2018. When I checked the deposit history, it stated that there was one $1,000 deposit in July of 2018, and 43 cents of interest has generated since then. I called customer support and the rep said the account was mine, so the money was also mine. I then went to a Truist branch the next day, and the rep said the money was most definitely not mine and not to touch it. + +I assume all of this is because of SunTrust/BB&T merger integration that happened over the weekend (my SunTrust credit card still doesnā€™t work) but what should I do if this savings account continues to stay? + +TL;DR: $1,000 savings account suddenly appeared in my name. One customer rep said itā€™s my money. Another rep said itā€™s not my money. I really want the money :( +**TL;DR** + +**A parent company isn't the only way to basically own a company, but it's one of them.** + +**Not only do big banks take on numerous holdings, but also seemingly unrelated businesses.** + +**Imagine a shell game. Now imagine 13 tables all lined up, with 39 cups, and 13 dealers. But it's not a competition, and fake audience members are helping hide the ball.** + +Much like last time let's start off with examining what parent companies are via example. + +The Banks Are Selling Government Bonds to the Hedgies- The Floor is 250 Million [Part 1](https://www.reddit.com/r/Superstonk/comments/mtp8y1/the_banks_are_selling_government_bonds_to_the/?utm_medium=android_app&utm_source=share) + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) (unformatted) + +[Madison Square Gardens Entertainment will cease to exist... No more Jimmy Snuka jumps?](https://www.sec.gov/Archives/edgar/data/0001795250/000119312521096718/d101795dex21.htm) + + > This AGREEMENT AND PLAN OF MERGER (this ā€œAgreementā€), dated as of MarchĀ 25, 2021, is entered into by and among Madison Square Garden Entertainment Corp., a Delaware corporation (ā€œParentā€), Broadway Sub Inc., a Delaware corporation and a wholly-owned direct subsidiary of Parent (ā€œMerger Subā€) and MSG Networks Inc., a Delaware corporation (the ā€œCompanyā€). + + > SECTION 1.1 The Merger. On the terms and subject to the conditions set forth in this Agreement, and in accordance with the General Corporation Law of the State of Delaware (the ā€œDGCLā€), at the Effective Time, Merger Sub shall be merged with and into the Company. At the Effective Time, the separate corporate existence of Merger Sub shall cease and the Company shall continue as the surviving company in the Merger (the ā€œSurviving Companyā€). + + > (h) No Liability. None of the Company, Parent, Merger Sub or the Exchange Agent shall be liable to any Person in respect of any portion of the Exchange Fund delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law. Any portion of the Exchange Fund which remains undistributed to the holders of Certificates or Book-Entry Shares as of immediately prior to such date on which the Exchange Fund would otherwise escheat to, or become the property of, any Governmental Authority) shall, to the extent permitted by applicable Law, become the property of Parent, free and clear of all claims or interest of any Person previously entitled thereto. + +Okay okay Des what does THIS mean? Well, this is a skim of what a parent company can be or do **(or take)** from their own. And technically one could say Company X is bankrupt or insolvent, but everything from securities to funds are simply moved up the latter and we pretend losing a lower rung means really anything. + + > Termination Rights + + > The Merger Agreement contains certain customary termination rights for MSG Entertainment and MSG Networks, including, without limitation, if the Merger is not consummated on or before December 20, 2021 (the ā€œOutside Dateā€). Upon the termination of the Merger Agreement under specified circumstances, including (i) a change in the recommendation of the MSGE Board (or the MSGE Special Committee) or the board of directors (or special committee of the board of directors) of MSG Networks or (ii) the termination by MSG Entertainment or MSG Networks in order to accept a superior proposal (as defined in the Merger Agreement) with respect to an alternative transaction, MSG Networks will be required to pay MSG Entertainment a termination fee of $18,900,000 or MSG Entertainment will be required to pay MSG Networks a termination fee of $21,200,000, respectively. + +Okay so I bet they have that money earmarked to pass down the line as needed. + +So maybe more [jimmy snuka jumps one day](https://www.sec.gov/Archives/edgar/data/0001795250/000119312521096733/d101795d425.htm). By someone, anyway. + +Okay let's move on to the next one. + +[AGREEMENT AND PLAN OF MERGER,](https://www.sec.gov/Archives/edgar/data/0001169770/000119312521090238/d35268dex21.htm)dated as of March 22, 2021 (this ā€œAgreementā€), by and between Banc of California, Inc., a Maryland corporation (ā€œParentā€), and Pacific Mercantile Bancorp, a California corporation (the ā€œCompanyā€) (collectively hereinafter referred to as the ā€œParties.") + + > The Shareholder acknowledges that, as an inducement for Parent to enter into the Merger Agreement, Parent has required that the Shareholder enter into this letter agreement and the Shareholder is willing to enter into this [letter agreement.](https://www.sec.gov/Archives/edgar/data/1169770/000119312521090238/d35268dex991.htm) + +So the Shareholder has to entice the Parent by giving them stuff to be induced to merge, kinda like your wife. + + +[But look at what Pacific Mercantile](https://www.sec.gov/Archives/edgar/data/1169770/000119312521090238/d35268dex993.htm) bringing to the bedroom! That's like not being your wife's boyfriend after the squeeze. + + + > Santa Ana, Calif., March 22, 2021 ā€“ Banc of California, Inc. (NYSE: BANC) (the ā€œCompanyā€, ā€œBanc of Californiaā€, ā€œweā€, ā€œusā€ or ā€œourā€), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (ā€œPacific Mercantileā€), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million, or $9.77 per share, based on the closing price for Banc of Californiaā€™s common stock of $19.54 as of March 22, 2021. Banc of California expects the transaction to be 12.9% accretive to EPS in 2022 with a 2.3 year earnback period to tangible book value per share based on a conservative and achievable cost savings estimate of approximately 35%. + +> Pacific Mercantile Bancorp is a commercial bank headquartered in Costa Mesa, California with $1.6 billion in total assets, $1.2 billion in gross loans, and $1.4 billion in total deposits as of December 31, 2020. Pacific Mercantile had $229.7 million in Paycheck Protection loans outstanding at December 31, 2020. Pacific Mercantile operates seven banking offices, including three full service branches, located throughout Southern California. The transaction will increase Banc of Californiaā€™s total assets to approximately $9.5 billion on a pro forma basis as of December 31, 2020. + +Okay so let's look into banc of california. Looks like someone has an nport with them in it. + +Oh [what's this?] (https://www.sec.gov/Archives/edgar/data/0000787623/000175272421064003/xslFormNPORT-P_X01/primary_doc.xml) + +Lot of familiar names on that borrow list. + +Barclays Bank PLC +State Street Bank and Trust CompanyĀ (seen that one a lot) +UBS AG (UBS is BNY Mellon, remember guys?) + RBC Capital Markets, LLC **(Royal Bank of Canada, their parent company is Bank of America)** +Barclays Capital Inc. +Citigroup Global Markets Inc. (were they just in the news today?) + +Wow so many familiar faces. Well what are they borrowing? + +Investment category says... + +> *agency debentures and agency strip * + +Wow way to not use capitals in a sec filings, that's just lazy. So what is this? + + > Agencies" is a term used to describe two types of bonds: (1) bonds issued or guaranteed by U.S. federal government agencies; and (2) bonds issued by government-sponsored enterprises (GSEs)ā€”corporations created by Congress to foster a public purpose, such as affordable housing. + + > Some organizations issue no-coupon discount notesā€”called "discos"ā€”generally to help them meet short-term financing demands. This explains why disco maturities are usually quite short, ranging from a single day to a year. Discos resemble STRIPS in that they are zero-coupon securities that are issued at a discount to par. + + > What Are Interest Only Strips? Sometimes investment firms or dealers take a debt obligation or pool of obligationsā€”mortgages, Treasury bonds, or other bondsā€”and after separating their principal and interest portions, sell them as distinct security products to investors, thus creating what's known as a strip bond. An interest only strip is one of these separated securitiesā€”the part that consists only of the interest portion of the monthly payments. + +> Although interest only strips can be created out of any debt-backed security that generates periodic payments, the term is usually associated with mortgage-backed securities (MBS). + +So they're borrowing these out to a lot of big names. + +[Advisors Inner Circle Fund] (https://www.sec.gov/Archives/edgar/data/0000878719/000175272421065808/xslFormNPORT-P_X01/primary_doc.xml) (remember III is the Chevy Chase trust fund) has a net worth of 1 trillion dollars. They are doing [commodities contracts.](https://smallbusiness.chron.com/commodity-contract-work-15796.html) + + > Commodities such as grains, basic food products, metals and energy products trade through standardized contracts called futures contracts. A commodity futures contract is for the future delivery of a specified amount of a commodity. Commodity contracts are used by buyers and sellers of the commodities to lock in future delivery price and by traders looking to profit from commodity price changes. + +**Futures Brokers** + + > Commodity futures are bought and sold through an account with a commodity futures broker. Commodity brokers must be registered with the National Futures Association and are regulated by the Commodity Futures Trading Commission. The commodity futures brokerage business tends to be separate from the stock brokerage business with most commodity brokers specializing in futures trading. A commodity futures broker will provide a new account holder with trading software and either live or online recorded training about trading futures and types of strategies. + +**Finances of Commodity Futures** + + > To trade a commodity futures contract, the the trader must put up a margin deposit for each contract traded. Each commodity has a fixed margin deposit amount set by the commodity exchanges. At the time of publication, the initial margin deposit for one corn futures contract is $2,363 and the maintenance margin is $1,750. The value of futures contracts are marked to market at the end of each day. If an individual had a new corn futures position and the value increased by $800 during the day, the $800 profit would be swept into the trader's unused cash balance. If the contract lost the $800, the margin deposit would have dropped to $2,363 minus $800 or $1,563. An additional $187 would have to be added to the margin deposit to bring it up to the maintenance margin level of $1,750. + +But they're not the only ones. Let's check out [JP Morgan.](https://www.sec.gov/Archives/edgar/data/0001687031/000105640421002913/msc16c31_8k-03182021.htm) and some companies they're involved with. + + > March 18, 2021 +Date of Report (Date of Earliest Event Reported) + +* Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31 +* Banc of America Merrill Lynch Commercial Mortgage Inc. +* Morgan Stanley Mortgage Capital Holdings LLC +* Bank of America, National Association +* UBS AG +* KeyBank National Association +* Starwood Mortgage Funding III LLC + +That's a lot of familiar names. + +Let's head back to [ROYAL BANK OF CANADA](https://www.sec.gov/edgar/search/#brhc10022235_fwp.htm) since they were in the news. Plus, there does seem to be some confusion about the Royal Bank of Canada and Bank of America. + + > Under our distribution agreement with BofAS, BofAS will purchase the notes from us as principal at the public offering price indicated on the cover of this term sheet, less the indicated underwriting discount. + +>MLPF&S will purchase the notes from BofAS for resale, and will receive a selling concession in connection with the sale of the notes in an amount up to the full amount of underwriting discount set forth on the cover of this term sheet. + +Lovely. And as a special note BlackRock is including the term LIBOR in its expectations. + +* 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%), 4.25%, 11/12/27(h) + +* 2020 Term Loan B, (6 mo. LIBOR + 2.75%, 1.00% Floor), 3.75%, 02/05/25 + +* KFC Holding Co., 2018 Term Loan B, (1 mo. LIBOR + 1.75%), 1.91%, 04/03/25 + +Those few are worth a few million. I really want to look into this but i have all these other threads. Uuuggghhhh + +[MONTHLY SERVICERā€™S CERTIFICATE](https://www.sec.gov/Archives/edgar/data/0001551964/000120864621000029/ex99.htm) +BARCLAYS BANK DELAWARE +BARCLAYS DRYROCK ISSUANCE TRUST + +Portfolio principal balance + +**5 Trillion** + +Whew. Good job, uh, two of Barclays holdings! + +Let's check out Citibank, they've JUST been mentioned. + +[Total Investors Collection - 4 Trillion] (https://www.sec.gov/Archives/edgar/data/0000921864/000119312521117521/d159547dex99.htm) + +Okay [ADVANCED SERIES TRUST](https://www.sec.gov/edgar/search/#ast77o.txt) is sus af, that's a LOT of familiar names like all our big banks as well as Credit Suisse for like a trillion dollars. They have contacts...[a LOT of Funds.](https://www.sec.gov/Archives/edgar/data/0000814679/000094040018000254/0000940400-18-000254-index.html) + +Fuck, my head hurts. let's go back to my roots of 40APP. + +* Morgan Stanley Private Income Fund LLC (ā€œMSPIFā€ or the ā€œCurrent Fundā€) and MS Capital Partners Adviser Inc. (ā€œMorgan Stanley Adviserā€ or the ā€œCurrent Investment Adviserā€; together with the Current Fund, the ā€œApplicantsā€) + +* In this first amended application, [The Advisorsā€™ Inner Circle Fund (ā€œTrustā€)](https://www.sec.gov/edgar/search/#fp0063868_40appa.htm), Cambiar Investors, LLC (ā€œInitial Adviserā€), and SEI Investments Distribution Co. (ā€œDistributorā€) (collectively, the ā€œApplicantsā€) + +The Advisors' Inner Circle Fund! Missed you. + +* [BNY MELLON](https://www.sec.gov/Archives/edgar/data/0001011607/000110465921045428/tm2111456-1_40app.htm#a_015) ALCENTRA OPPORTUNISTIC GLOBAL CREDIT INCOME FUND +BNY MELLON INVESTMENT ADVISER, INC. + +Feel free to take a nice long look at Exhibit A in the link below. It is names. Like this. + +[Morgan Stanley and Citibank](https://www.sec.gov/Archives/edgar/data/0000311847/000110465909028708/a09-12150_140app.htm) + +* 1 MORGAN STANLEY INVESTMENT MANAGEMENT INC. +* 2 MORGAN STANLEY INVESTMENT ADVISORS INC. +* 3 MORGAN STANLEY & CO. INCORPORATED +* 4 MORGAN STANLEY BALANCED FUND +* 5 MORGAN STANLEY U.S. GOVERNMENT MONEY MARKET TRUST +* 6 MORGAN STANLEY DIVIDEND GROWTH SECURITIES INC. +* 7 MORGAN STANLEY NATURAL RESOURCE DEVELOPMENT SECURITIES INC. +* 8 MORGAN STANLEY SPECIAL GROWTH FUND +* 9 MORGAN STANLEY GLOBAL DIVIDEND GROWTH SECURITIES +* 10 MORGAN STANLEY LIMITED TERM MUNICIPAL TRUST +* 11 MORGAN STANLEY TECHNOLOGY FUND +* 12 VAN KAMPEN ASSET MANAGEMENT +* 13 MORGAN STANLEY SMALL-MID SPECIAL VALUE FUND +* 14 MORGAN STANLEY GLOBAL ADVANTAGE FUND +* 15 MORGAN STANLEY LIMITED DURATION U.S. GOVERNMENT TRUST +* 16 ACTIVE ASSETS CALIFORNIA TAX-FREE TRUST +* 17 ACTIVE ASSETS GOVERNMENT SECURITIES TRUST +* 18 ACTIVE ASSETS INSTITUTIONAL GOVERNMENT SECURITIES TRUST +* 19 ACTIVE ASSETS INSTITUTIONAL MONEY TRUST +* 20 PACTIVE ASSETS MONEY TRUST +* 21 ACTIVE ASSETS TAX-FREE TRUST +* 22 MORGAN STANLEY EQUALLY-WEIGHTED S&P 500 FUND +* 23 MORGAN STANLEY SERIES FUNDS +* 24 MORGAN STANLEY HEALTH SCIENCES TRUST +* 25 MORGAN STANLEY SPECIAL VALUE FUND +* 26 MORGAN STANLEY STRATEGIST FUND +* 27 MORGAN STANLEY HIGH YIELD SECURITIES INC. +* 28 MORGAN STANLEY INTERNATIONAL VALUE EQUITY FUND +* 29 MORGAN STANLEY LIQUID ASSET FUND INC. +* 30 MORGAN STANLEY MID-CAP VALUE FUND +* 31 MORGAN STANLEY S&P 500 INDEX FUND +* 32 MORGAN STANLEY CONVERTIBLE SECURITIES TRUST +* 33 MORGAN STANLEY FUNDAMENTAL VALUE FUND +* 34 MORGAN STANLEY MID CAP GROWTH FUND +* 35 MORGAN STANLEY PRIME INCOME TRUST +* 36 MORGAN STANLEY VALUE FUND +* 37 MORGAN STANLEY EUROPEAN EQUITY FUND INC. +* 38 MORGAN STANLEY FLEXIBLE INCOME TRUST +* 39 MORGAN STANLEY INTERNATIONAL FUND +* 40 MORGAN STANLEY MORTGAGE SECURITIES TRUST +* 41 MORGAN STANLEY PACIFIC GROWTH FUND INC. +* 42 MORGAN STANLEY CAPITAL OPPORTUNITIES TRUST +* 43 MORGAN STANLEY REAL ESTATE FUND +* 44 MORGAN STANLEY CALIFORNIA TAX-FREE DAILY INCOME TRUST +* 45 MORGAN STANLEY CALIFORNIA TAX-FREE INCOME FUND +* 46 MORGAN STANLEY FOCUS GROWTH FUND +* 47 MORGAN STANLEY FX SERIES FUNDS +* 48 MORGAN STANLEY NEW YORK MUNICIPAL MONEY MARKET TRUST +* 49 MORGAN STANLEY NEW YORK TAX-FREE INCOME FUND +* 50 MORGAN STANLEY SELECT DIMENSIONS INVESTMENT SERIES +* 51 MORGAN STANLEY TAX-EXEMPT SECURITIES TRUST +* 52 MORGAN STANLEY TAX-FREE DAILY INCOME TRUST +* 53 MORGAN STANLEY U.S. GOVERNMENT SECURITIES TRUST +* 54 MORGAN STANLEY GLOBAL INFRASTRUCTURE FUND +* 55 MORGAN STANLEY VARIABLE INVESTMENT SERIES +* 56 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST II +* 57 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST III +* 58 MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST +* 59 MORGAN STANLEY MUNICIPAL PREMIUM INCOME TRUST +* 60 MORGAN STANLEY INCOME SECURITIES INC. +* 61 MORGAN STANLEY CALIFORNIA INSURED MUNICIPAL INCOME TRUST +* 62 MORGAN STANLEY CALIFORNIA QUALITY MUNICIPAL SECURITIES +* 63 MORGAN STANLEY INSURED CALIFORNIA MUNICIPAL SECURITIES +* 64 MORGAN STANLEY INSURED MUNICIPAL BOND TRUST +* 65 MORGAN STANLEY INSURED MUNICIPAL INCOME TRUST +* 66 MORGAN STANLEY INSURED MUNICIPAL SECURITIES +* 67 MORGAN STANLEY INSURED MUNICIPAL TRUST +* 68 MORGAN STANLEY NEW YORK QUALITY MUNICIPAL SECURITIES +* 69 MORGAN STANLEY QUALITY MUNICIPAL INCOME TRUST (Nice) +* 70 MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUST +* 71 MORGAN STANLEY QUALITY MUNICIPAL SECURITIES +* 72 MORGAN STANLEY INSTITUTIONAL FUND TRUST +* 73 MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS +* 74 MORGAN STANLEY INSTITUTIONAL FUND, INC. +* 75 THE UNIVERSAL INSTITUTIONAL FUNDS, INC. +* 76 MORGAN STANLEY EMERGING MARKETS DOMESTIC DEBT FUND, INC. +* 77 THE TURKISH INVESTMENT FUND, INC. +* 78 MORGAN STANLEY ASIA-PACIFIC FUND, INC. +* 79 MORGAN STANLEY CHINA ā€œAā€ SHARE FUND, INC. +* 80 MORGAN STANLEY EASTERN EUROPE FUND, INC. +* 81 MORGAN STANLEY EMERGING MARKETS DEBT FUND, INC. +* 82 MORGAN STANLEY EMERGING MARKETS FUND, INC. +* 83 MORGAN STANLEY GLOBAL OPPORTUNITY BOND FUND, INC. +* 84 MORGAN STANLEY HIGH YIELD FUND, INC. +* 85 MORGAN STANLEY INDIA INVESTMENT FUND, INC. +* 86 MORGAN STANLEY FRONTIER EMERGING MARKETS FUND, INC. +* 87 THE LATIN AMERICAN DISCOVERY FUND, INC. +* 88 THE MALAYSIA FUND, INC. +* 89 THE THAI FUND, INC. +* 90 VAN KAMPEN EQUITY TRUST +* 91 VAN KAMPEN MONEY MARKET FUND +* 92 VAN KAMPEN CAPITAL GROWTH FUND +* 93 VAN KAMPEN TAX FREE MONEY FUND +* 94 VAN KAMPEN SERIES FUND, INC. +* 95 VAN KAMPEN SENIOR LOAN FUND +* 96 VAN KAMPEN CORPORATE BOND FUND +* 97 VAN KAMPEN EQUITY TRUST II +* 98 VAN KAMPEN HIGH YIELD FUND +* 99 VAN KAMPEN TRUST +* 100 VAN KAMPEN PARTNERS TRUST +* 101 VAN KAMPEN RETIREMENT STRATEGY TRUST +* 102 VAN KAMPEN GOVERNMENT SECURITIES FUND +* 103 VAN KAMPEN PENNSYLVANIA TAX FREE INCOME FUND +* 104 VAN KAMPEN TAX FREE TRUST +* 105 VAN KAMPEN TRUST II +* 106 VAN KAMPEN GROWTH AND INCOME FUND +* 107 VAN KAMPEN TAX-EXEMPT TRUST +* 108 VAN KAMPEN COMSTOCK FUND +* 109 VAN KAMPEN ENTERPRISE FUND +* 110 VAN KAMPEN EQUITY AND INCOME FUND +* 111 VAN KAMPEN EXCHANGE FUND +* 112 VAN KAMPEN HARBOR FUND +* 113 VAN KAMPEN LIFE INVESTMENT TRUST +* 114 VAN KAMPEN LIMITED DURATION FUND +* 115 VAN KAMPEN REAL ESTATE SECURITIES FUND +* 116 VAN KAMPEN U.S. GOVERNMENT TRUST +* 117 VAN KAMPEN SENIOR INCOME TRUST +* 118 VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II +* 119VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST +* 120 VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND +* 121 VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST +* 122 VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST +* 123 VAN KAMPEN MUNICIPAL TRUST +* 124 VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST +* 125 VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST +* 126 VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST +* 127 VAN KAMPEN TRUST FOR INSURED MUNICIPALS +* 128 VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS +* 129 VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS +* 130 VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS +* 131 VAN KAMPEN BOND FUND +* 132 VAN KAMPEN HIGH INCOME TRUST II + +* 133 CITIGROUP ALTERNATIVE INVESTMENTS LLC +* 134 CITIGROUP GLOBAL MARKETS INC. +* 135 CITIGROUP GLOBAL MARKETS LIMITED +* 136 CITIGROUP FINANCIAL PRODUCTS INC. +* 137 CITIBANK, N.A. +* 138 CITIBANK CANADA +* 140 CITIBANK INTERNATIONAL PLC +LMP CORPORATE LOAN FUND INC + +Good fucking god kill me, why did I number those? [Here's the Order approving it.](https://www.sec.gov/edgar/search/#filename1.pdf) + +And these Orders of Exemption are permanent when [stated as such.](https://www.sec.gov/edgar/search/#filename1.pdf) + + +Hey BNY Mellon popped up again, let's check it out, hanging out with Citigroup as co-custodian for a select number of portfolios. + +> The Old Westbury Funds, Inc. (the ā€œFund Companyā€), BNY Mellon Distributors Inc.1 (ā€œDistributorā€), and The Bank of New York Mellon (together with the Fund Company and Distributor, the ā€œApplicantsā€), hereby request an order of the Securities and Exchange Commission (the ā€œCommissionā€) pursuant to Sections 6(c), 10(f) and 17(b) of the Investment Company Act that would exempt Applicants from the provisions of Sections 17(a) and 10(f) of the Investment Company Act (the ā€œApplicationā€). The requested relief would permit principal transactions (ā€œTransactionsā€) effected in the ordinary course of business between series of the Fund Company (each, a ā€œPortfolioā€ and collectively, the ā€œPortfoliosā€) and The Bank of New York Mellon and/or any entity controlled by, controlling, or under common control with The Bank of New York Mellon (collectively, ā€œBNY Mellonā€). + +Just in case you get confused With the acronyms, BNY Mellon absorbed PNCGIS and all their securities. + + > In connection with the transaction described below, PNC Global Investment Servicing Inc. was renamed BNY Mellon Distributors Holdings Inc. effective July 1, 2010. The servicing activities described above are currently provided by BNY Mellon Investment Servicing (U.S.) Inc. (formerly known as PNC Global Investment Servicing (U.S.) Inc.) The name PNCGIS is used herein for ease of reference. + +Wooaaah, 22.3 trillion? That's a lot, thank goodness Mellon merged with Bank of New York in 2007. + + > In addition to buying and selling securities as a broker and principal, BNY Mellon is engaged in asset servicing through its offering of global custody, global fund services, securities lending, global liquidation services and credit-related services to institutional clients (e.g., mutual funds, public retirement funds, etc.). BNY Mellon provides such services to over $22.3 trillion in assets under custody or administration, making it one of the leading asset services providers in the world. + + Wait wait wait what's that number? Man how do I get to be custodian of that much money? Oh, not quite as impressive as 22 trillion... Wait it absolutely is. + +> BNY Mellon acts as custodian for more than $450 billion in assets for onshore and offshore fund managers. BNY Mellon also provides collateral management solutions to dealers and investors around the globe for a range of financial transactions, including repurchase agreements, reverse repurchase agreements, securities lending, and derivatives transactions. + +JP Morgan Chase Bank is the Primary Custodian. [ASA Gold and Precious Metals Limited](https://www.sec.gov/Archives/edgar/data/0001230869/000089843213000170/a40app-a.htm). They own a shitload of mines around the world. + + > 32 ASA has been informed that if DTC places a so-called ā€œchillā€ on a security, then the security is not DTC-eligible and cannot settle through DTC. To date, ASA has been unable to determine under what circumstances DTC would place a chill on (or lift a chill from) a security. Without complete certainty as to whether DTC will place a chill on (or lift a chill from) a security, ASA believes that CLS is not a reliable means for ASA to purchase securities on the TSX. + +Someone got salty as fuck in the footnotes. + + +> The Commission adopted Rule 3a-7 in recognition of the increasing importance of ABS Transactions in the financial markets based on the recommendation of the Division of Investment Management (the "Division") in its 1992 report, Protecting Investors: A Half Century of Investment Company Regulation (the "1992 Report").9 Prior to the adoption of Rule 3a-7, Issuers fell within the definition of an investment company under Section 3(a) of the Act and, absent qualifying for exceptions from the Act under Section 3(c)(5) or obtaining exemptive orders from the Commission, were subject to a regulatory regime under which they could not operate. In adopting Rule 3a-7, the Commission stated that it intended to "remove an unnecessary barrier to the use and development of structured financings."10 +Under Rule 3a-7, an Issuer that meets certain conditions is deemed not to be an investment company under Section 3(a) of the Act. + +Well well, what is this? + +> Consolidation within the financial industry that occurred throughout the 1990's and into the 2000's as a result of bank mergers and sales and related acquisitions of trustee services businesses by banks has resulted in a significant decrease in recent years in the number of bank trustees providing services to Issuers. For example, during 2013, five bank trustees acted for 89% of approximately $215 billion in new U.S. ABS.15 The Applicant acted for approximately 25% of all new U.S. ABS in 2013. By contrast, in 1990, the top five bank trustees acted for 35% of the approximately $46 billion of publicly-offered new ABS.16 + +Wait. Wait wait wait. + +> The Commission noted when it proposed Rule 3a-7 in 1992 that the Independent Trustee Requirement "would not depart from industry practice," because "virtually all trustees are unaffiliated with the other parties involved in" an ABS Transaction.14 The absence of trustee affiliations was primarily due to the limitations imposed on permissible bank activities at the time. Due to: (a) consolidation of the banking industry (and corporate trustees in particular), (b) economic and other business factors and (c) the expansion of banks into investment banking, including the underwriting of securities issued by Issuers, most trustees that provide services to Issuers, including the Applicant, have affiliations with underwriters to Issuers. As a result, when, as is frequently the case, an affiliate of Applicant is selected to underwrite ABS in an ABS Transaction, Rule 3a-7(a)(4)(i) generally prevents the Applicant from serving as trustee for the Issuer. + +And then ofc a written lack of liability. + +> Unlike a trustee for a corporate or municipal debt security that may need to pursue discretionary remedies against the issuer in the event of a default, a trustee for an Issuer has no operating entity to pursue for such remedies. The default risk for an Issuer is solely related to risks that arise from the composition and performance of the assets in the asset pool or the insolvency of the servicer or credit enhancer. + +Trustees can be granted quite a bit of power if a company folds. + + > When liquidation is mandated by the Transaction Documents and circumstances of the transaction, the trustee will preserve the assets of the Issuer, using the available cash flow to make payments, disseminate information to investors and may be subject to the "prudent person" standard. If a servicer of the assets defaults by failing to perform its obligations or due to its insolvency or bankruptcy, the trustee may have the legal obligation to perform the obligations of the servicer until another servicer is selected. + +Another nod to Citigroup, who's been in some trouble lately. + +> Citigroup Inc. (ā€œCitigroupā€ or ā€œCitiā€), the parent company of the Settling Firm, CGMI and the other Adviser Applicants, is a global financial holding company whose businesses provide a broad range of financial services. The Settling Firm is a financial services holding company and the direct parent company of Citibank. CGMI, a New York corporation and an Affiliated Person of the Settling Firm, is a full service investment banking firm. CGMI engages in securities underwriting, sales and trading, investment banking, financial advisory and investment research services. CGMI is registered as a broker-dealer under the Securities Exchange Act of 1934 (ā€œExchange Actā€) and as an investment adviser under the Investment Advisers Act of 1940 (ā€œAdvisers Actā€). CGMI currently does not perform Fund Service Activities (as defined below) for any Fund 1, but it may seek to do so in the future. + + + +I get it, so you're like they're all like that, right? Well, smaller companies with a dream and a need to raise capital, they have to file a lot of stuff to get an IPO to be able to offer stock, and THEN hope someone meets the minimum projected capital. Cause, look at [Brix Reit](https://www.sec.gov/Archives/edgar/data/0001723028/000114420419020703/tv519457_40app.htm) trying to raise funds for student housing. I like this company and they seem so much more transparent. And they're [struggling](https://www.sec.gov/Archives/edgar/data/0001723028/000172302821000003/brixreit-202102121uxmessag.htm) + +Considering how many small businesses have filed Beneficial Ownership with big banks, what a shame these guys are struggling so much. + +You know those Funds set aside for 'Advisors' and 'Managers' to avoid federal tax income (and state taxes), and to preserve capital? They have billions of dollars. What are they preserving capital FOR? + +I'm not going to list more parent companies or 40APP in this Part. Just know Morgan Stanley is not unique, and they're using small companies for their own growth. + +It can be beneficial, SpaceX got their chance cause of North Holdings, which is controlled(basically) by Citadel, sure, but SpaceX is going to revolutionize how NASA makes their shit. So that's cool. + +But what about the companies like Brix Reit struggling cause student housing took a huge hit? Oh right, they had to implement a Plan of Liquidity. Maybe they should know the right people, huh? + +I know it's disorganized. I didn't work in the finance side of legal, so I'm parsing a lot of new information. + +im sharing the search with you guys cause there HAS TO BE A BASE OF KNOWLEDGE to understand all these brilliant DDs that other people are writing. + +I can't teach worth shit but i can share links and thoughts. ill keep working on it tho my brain is dusty + +I think the next part will involve Citadel, they've been up to a lot with talking on small companies looking to have their own IPO. Citadels interest is definitely snatching up new dealers with unmarked cups. + +NEXT TIME +* 32M - well ahead of where we should be. Can skip a year or two, or even five, and still be ahead. +* My newborn is almost 7 weeks old. He now fully recognizes and is happy to see me. The bonding is real and has shown me how important it is to be with and interact with him. I feel so bad for all the dads out there who didn't get to take any leave for their child. The first month was really tough - probably the hardest thing I've ever done, but now it's starting to get really good. I also can't imagine sending him to daycare so soon and even though I know he will probably be fine either way, I only get to help raise and create the memories once. At some he'll be in preschool and onward, and be gone for a large chunk of the day. That's when working will be easier. +* This year I sank about \~$10K into a professional 3D VR video capture setup. I'm capturing some family memories as we go and they're coming out great in the VR headset. It's taking time to learn how to do all of this, but it's also very fulfilling to already be able to go back and "relive" earlier times through the headset. These should be very valuable 20 years down the line when he's an adult and we can all "go back in time to 2019" to watch his infant self, and us as young parents. This new hobby fills a lot of my spare time, and gives me a sense of purpose that doesn't revolve around work. +* My dad retired about 2-3 years ago. He's been enjoying it and travelling a lot, but he is definitely starting to look aged physically. He can't play tennis anymore and swimming is a chore. By the time I get to retirement, I don't want to feel like I need to travel or go do and see things. I want to feel like I've "been there done that", and just relax and occasionally spoil some (hopefully) grandchildren. +* And then there's the guy who just retired and was killed by a shark on a vacation in Hawaii... + +&#x200B; + +I'm going back at the 8 week mark, and plan to spread my remaining 4 weeks of FMLA out over 8 weeks working part-time. If I feel like I cannot transition back in, or work is taking me away from him too much I think I'm going to have a mini retirement party! +Let me begin by congratulating all RIL investors as the stock has seen excellent appreciation in recent months. It is a giant cap, so I believe there would be a lot of RIL investors in this sub. How had you convinced yourself to buy this stock? Are you still bullish and ready to hold? What are the reasons for your decision? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Just read this article by ET [9 smart money moves to improve your finances and make you richer in 2020](https://economictimes.indiatimes.com/wealth/invest/9-smart-money-moves-to-improve-your-finances-and-make-you-richer-in-2020/articleshow/73005209.cms) as a non -finance guy I would like to know from you if these "moves" are worth it or just another article at year end. +I want to know which all companies my late father was invested in. Is there a way to know how to use a pan card or something? + +I have physical certificates from reliance industries. And got to know he had sold United breweries a long time back since I had IPO slip I was able to contact them. + +This was possible since I was able to get hold of physical certificates. But he had never informed these investments either me or my mother. + +Is there a way to know about this with his pan card details? + +Also, I don't have the bonus issue certificate of reliance. How do I proceed with it dematerializing? +Am interested in seeing the range of responses across Aus. + +Please include your age and city. + +I am 26 and live in Sydney and I spend on average ~$300-400 every time I go out drinking. Am feeling very guilty but I work in long hours (banking) so I every time I go out I feel the urge to make the most of my time. It is a small portion of my disposable income but I feel terrible about not saving more for the future / to buy a property (especially as I have come from a very poor background and my parents never had the opportunities that I have). + +Just curious to see whether my spending habits are reasonable or completely out of touch with everyone here. Am also interested in hearing responses from older people and how you lived your 20s and whether you have any regrets. + +Thanks! +TLDR: They may now appear in the thread/chat of a number that is legitimate (ie in the past you've received messages from the organization so you trust the number) + +Got a message in the SMS chat/thread from my bank saying that my account was compromised. I know of this number as in the past my bank have sent me messages from this number, and I was busy at work so didn't do the due diligence I should of and called. Luckily they were a bit amateurish and my spider senses started tingling and I ended the call and called my bank+reset all my pwd etc. + +So just be aware this is a thing now, and verify the number you're going to call in the organization's website etc. Don't be me and nearly get scammed. +Disclaimer: Everything is speculation - **obviously** this isnā€™t advice + +Opposing views welcomed + +**Proposed Aug 1 strategy: 60% ETH 30% BTC 10% Fiat (may change as info changes)** + + + + + + + +>**Action:** + + >Placing my positions *at least* 2 weeks before Aug 1st + + + +>**Reason:** + +>1) **Sentiment swings (causing volatility)** may push out potential buy/sell opportunities closer to Aug + +>2) **Fomo/Fear momentum** price will move too quickly (around any big news) to trade without loss (or opportunity cost). + + + + + + + +**SCENARIO 1: BTC fork goes well:** + + +>**Expectation:** strong BTC-specific rally (expect alts + ETH to catch up *later* ..but suffer short term as BTC fomo dominates) + + +>**Reason:** + +>1) **Side-line crypto-investors jump in:**as they have no reason left to doubt the ā€œcrypto revolutionā€ hype + +>2) **BTC hasnā€™t run nearly as hard** as Alt: has potentially more room to grow. + +>3) **BTC dominance will be ā€˜verifiedā€™ by *very vocal* BTC ~~maximalists~~ supporters** (who have had to humbly watch ETH in the spotlight this whole year) ā€“ BTC successful fork will feel empowering to a BTC investor, and people extrapolate news ā€“ I expect a surge of BTC optimism ..especially at the expense of ETH because ETH hasnā€™t (yet) solved scaling & has had some ICO issues. + +>4) **BTC network effect will capture new entrants**, particularly referring to the ā€˜mainstream marketā€™, all the recent media exposure (together with the excitement of a strong rally) will drive ā€˜main marketā€™ investors to jump in. + + + +>**Trade:** + +>I will slowly rotate out of BTC into ETH as BTC spikes + + +>**Reasoning:** + +>1) BTC strength will support the perception of the whole crypto industry & ā€˜confidenceā€™ money will ultimately flow into Alts + ETH as people look for higher returns (yes, the greed is real). + +>2) If ETH announces any scaling progress (Raiden) or any support (EEA3) this will cause ā€˜catch-upā€™ fomo into ETH i.e. back to ā€˜potential flippeningā€™ mentality. + + + + + + +**SCENARIO 2: BTC fork goes badly (chain and community separates, & uncertainty about which chain will dominate in the future)** + + +>**Expectation:** + +>BTC (& all crypto) will take a dive for an *extended period* i.e. selling to Fiat (*not ETH*: ETH isnā€™t a safe haven diversifier to BTC until we prove scaling & use-case: good icoā€™s) + + + +>**Reasoning:** + +>1) **Faith in (all) crypto will be (temporarily) lost** due to the uncertainty; especially if transactions are attempted and not successful due to chain/mining confusion + +>2) **Newsflow (twitter, reddit etc) will be severe & conflicting:** naturally leading to high volatility as the market jumps between on any news/sentiment and traders attempt to capitalise + +>3) **BTC -> ETH rotation is unlikely** given; overall uncertainty in crypto & uncertainty around ETHā€™s ability (2 things we havenā€™t *yet* proven to the market: can ETH scale & will any ICOā€™s actually add value or are they all dotcom scams). + +>4) **BTC (& altā€™s) recovery will be slow** because; even if a silver bullet solution arises (unlikely) the market will still need solutions to be proven before jumping back in. Remember the ETH winter after the DAO when ETH devs worked hard to churn out developments ..and the community took *ages* to buy back in again. + + + +>**Trade:** + +>Immediately buy ETH lows (with 10% Fiat), slowly buy ETH with 30% BTC as volatile waves provide opportunities + + + +>**Reasoning:** + +>1) Despite the whole crypto industry being knocked, ETH will be well-placed to take market share with any positive news i.e. this could be the real roots of a rotation from BTC -> ETH where ETH development/scaling makes meaningful progress *without the politics of BTC*. + +>2) I donā€™t expect an ETH transition to be quick (at first), but if it gains momentum then any Raiden news should catapult ETH to number 1 before the end of the year. + + + + + + +**SCENARIO 3: If BTC fork is a misnomer (fork occurs without definitive success or failure)** + +>**Expect:** + +>**Free for all:** we are effectively in the same position of uncertainty as before the fork & the above will apply + + + +**Caveat to the above:** +New information can always change fundamentals ā€“ never be married to a strategy, unless that strategy is to hold: in which case none of the above should matter and you can basically go on holiday the next 2 months. + + + + + + +I wanted to put up a discussion thread to talk to people on this theory. I'd come across it in my undergrad years and just recently re-visited the theory. + +Here's a Wikipedia link. The basic idea is this: "In the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market, the value of a firm is unaffected by how that firm is financed". + +And this: "Consider two firms which are identical except for their financial structures. The first (Firm U) is unlevered: that is, it is financed by equity only. The other (Firm L) is levered: it is financed partly by equity, and partly by debt. The Modiglianiā€“Miller theorem states that the value of the two firms is the same." + +I work in Structured Credit where Asset-Backed Securities are issued, and my gut reaction is that if this theory were true - even including all the assumptions stated - a great deal of securitized products would not be issued. + +For background, there are broadly two reasons a securitization would be issued: If the issuer wants to get attractive non-recourse leverage on a pool of their assets (ie they retain the equity) or if they want to sell a portfolio of assets completely, and believe that the sum of proceeds from the debt and equity they sell would be greater than the proceeds from selling an unlevered asset pool (ie they sell the equity to a third party). This second reason flies in the face of Modigliani Miller. But issuers sell third-party equity all the time. + +~~It seems to me that what MM doesn't address is that debt investors and equity investors are disparate market segments, each with their own supply/demand dynamics. If there's a glut of capital chasing BBB opportunities they would push down the yields on BBB bonds. The same for AAA and the same for 10%+ yielding equity residuals. Given that there are all different market segments, it seems completely possible that the WACC of a company's funding structure would not be the same as the ROA. And, as far as I'm aware, all of that can happen in a market that is still efficient.~~ + +I understand that economic theories are usually highly abstracted, and often so general (or involving so many assumptions) that they don't directly point to the truth in economics, but only address partial truths. + +So I wanted to put it up to a discussion. What do you think are the merits of the theory? + +**Edit 11-28-2018:** Thanks to everyone who took an interest in the thread! I wanted to follow-up with a couple pieces of research for anyone interested. + +Two Papers: +https://pdfs.semanticscholar.org/956d/c4d5fbdf4f3e27a40aea61d257695f19eecf.pdf +http://homes.chass.utoronto.ca/~rwinter/papers/assetsecur.pdf + +A slide deck from NYU: +http://people.stern.nyu.edu/igiddy/ABS/abs-corpfinchoices.pdf +Pages 10-11 are the relevant ones here. + +A lot of what has been written regarding MM and Securitization focuses on why it makes sense to split assets out from your company and finance them off-balance sheet with a securitization. This is interesting but not what I was focused on, which was primarily, why would it make sense to securitize a pool and sell the whole stack instead of just selling the unlevered pool to a third party. In both of those cases you're getting the pool off-balance sheet by selling it. + +I think my point above about "disparate market segments" isn't the real answer. The NYU slide deck and the WashU Law paper above spend some time on the liquidity boost from securitization. I think this is much more compelling. It's much easier to sell out of a cusip than an asset pool, and because of this the asset pool is likely to carry an illiquidity yield premium. +I've done my DD on running the wheel and understand where the risk is, but reading about hypothetical stock prices only get me so far. Can anyone share a personal story about getting burned and why/how it happened? +Hi all, + +So during the lockdown I had some extra time and decided to finally read the book Warren Buffet considers "The best book on investment ever written". I was skeptical since I had read comments like "It's old", "value investing is dead", "Even Buffet cannot beat the S&P 500 in recent decade" etc. I will not try to summarise the book but will mention my quick review in points: + +1. Yes this book is OLD. But what feels old are the references the book uses to make its points. The fundamental principles the book is trying to teach seem as relevant as ever. +2. This book is NOT for beginners. Please don't read this book if you are very new to investing. The book at many times throws terms and references which complete newbies will find trouble following. You will better enjoy the book if you already have a rough idea of some common investing terms. Also, if you are already into investment, you will be able to find the logical current analogue of the references that Graham makes. +3. The commentary by Jason Zweig is AWESOME. Be sure to pick the commentary version since it completely enhances the readability and relevance of the book. He shows, through more recent examples, as to how the principles Graham is talking about are still relevant. +4. This book is INTENSE. It will take a lot of time and energy to go through the book. It reads more like an intense course book than a typical non-fiction book. But I felt it was all worth it for the insights it gives you. +5. Try to understand the underlying message rather than focusing on the specific numbers or names being talked about. Of course, the exact value/method of Debt/Equity, PE etc. Graham talks about may feel outdated but the underlying principles seem as fresh as they were then. +6. Value Investing and Growth Investing can work together. The book never says anything inherently negative about "growth stocks". In fact it does mention that these "growth stocks" can be bought at reasonable prices. If you are familiar with some basic principles given by Peter Lynch in this regard, it would help a lot I think. + +I'm relatively new to investing myself so only time will tell if I will be able to translate these learnings into actual returns. But I feel much more confident of making independent stock buying/selling decisions after reading this book. And for that alone, it was worth it. + +Cheers ! +My wife and I just had our second kid and all the bills are rolling in. We received a bill from the lab, showing that our insurance paid $1800 of, but the total was $2800, so we owe $1000. + +We specifically told the doc office, at the beginning of our visits, that we did not want to do any optional testing (for down-syndrome or cystic fibrosis screening) because it wouldn't change our mind about having the baby. But they never asked us to put anything in writing. + +I called the doc's office today, explained the situation, they said the best they could do is try to negotiate the cost with the lab and that we'll probably still owe something. The nurse that I spoke with admitted that they knew we didn't want the test, and couldn't explain why the test was run. The pregnancy was totally normal, so they had no medical reason to do the test without our consent, and again it's an optional test. + +On top of submitting the test without our consent, no one informed us that it was being run, and no one said that it was an expensive test. I get that they don't know exact costs, but these guys deal with the lab on a daily basis, and they should have a ballpark costā€”and they should have told us about that cost before running the optional test, even if we did consent. + +Is there anything we can do to get out of this bill completely? Or is this just another fun loophole of the US health care system? + +Edit: Thanks so much everyone for all the insight, sorry for not replying to everyone individually, I passed out last night after my shift with our newborn. I'll be calling my insurance today and see what they can do. I really appreciate this community and the kindness of internet strangers, I was feeling pretty frustrated and powerless yesterday. + +Edit 2: The test, for what it's worth, is "fetal chromosomal aneuploidy" + +Edit 3: Called the insurance company, they said they could only look into it if I submitted it as a fraud claim. Submitted a fraud claim, even though I feel like a dick about doing it, but there really is no reason that they should have run that test, and obviously no reason for us to pay it. Will update with what my insurance says, likely Monday according to the rep. + +Edit 4: Called to follow up with the fraud dept, the person I talked to on Friday apparently was full of it, it'll take 30 days to research the claim. Will update in a month. + +Will update this thread with what happens, so that if some other unlucky stranger runs into the same problem, they might have some direction. +I'm a cheapskate and follow the Financial Independence/ FIRE communities. Wife and I both 30 and doing reasonably well. + +We're having a baby early next year and I feel like buying for a new baby is like weddings: companies will tell you everything under the sun is absolutely essential, anything less than Ā£2000 for a baby stroller is child abuse, and will take as much of your money as you're willing to spend. + +Is there a guide anywhere for the best/cheapest baby equipment? One that quickly explains what are the essentials, what we can do without, etc. and some suggestions according to budget/location +EDIT: Something I should clarify is that **this post is not meant to "solve" the Trad vs Roth decision.** There are numerous complications and caveats to this decision, including the complexity of Social Security withdrawals, the ability for Roth accounts to hold more tax-advantaged dollars, RMDs, and the effect of Trad withdrawals on retirement costs like ACA insurance or Medicare Part B. In short, this analysis is simply saying that **to the extent that tax rates are a consideration in the Trad vs Roth decision, it's important to consider marginal rates on both sides.** + +**** + +This post is essentially about why considering marginal tax rates (your marginal rate now vs future marginal rate in retirement) is preferred compared to using marginal-effective rates (your marginal rate now vs your effective, or average, rate in retirement) when deciding whether to save your next dollar in Trad or Roth. + +I'm posting this as a top-level post for a few reasons: + +1. There is sufficient controversy and confusion on this topic, and I feel there is benefit to a more detailed discussion with focused back and forth. +2. There are currently no detailed worked examples on the /r/personalfinance wiki or on the [Bogleheads wiki](https://www.bogleheads.org/wiki/Traditional_versus_Roth#Common_misconceptions) about this misconception. +3. Ideally, the body of this post (and more importantly, the resulting discussion) will be linkable for future daily discussion posts. I occasionally link new commenters in the daily to the [Effective Altruism and FIRE](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/) post I made from a few months back when they have questions about how others think about charity and FIRE. I'm hoping that if this generates good discussion on both sides of the debate the link will serve as a good reference for new commenters in future daily threads. + +**** + +First, some brief assumptions and definitions. + +* For the purposes of this post, "Trad" is shorthand for Traditional retirement account, which is pre-tax contributions that are taxed at ordinary income rates on withdrawal. "Roth" refers to post-tax contributions that are tax free on withdrawal. This post does not deal with regular "taxable" brokerage accounts, that are made with post-tax contributions with withdrawals potentially subject to favorable long-term capitals gains tax rates. In short, the discussion of Trad vs Roth is entirely about the tax-advantaged accounts, with no mention of taxable brokerage accounts. + +* Assuming equal and flat tax rates, there is no specific advantage to being taxed now vs later: + + * Saver makes 10k gross. Saves it all in Trad, where it quadruples to 40k. Withdraws it all and is subject to 20% tax (8k) and pockets 32k. + * Saver makes 10k gross, and instead chooses Roth and has it taxed 20% up front (2k) and saves 8k. It then quadruples to 32k, which is withdrawn tax free. The take-home is the same as the Trad case. + +* In a vacuum, the saver prefers a lower tax rate. If taxes are higher now than in retirement, the saver prefers to avoid tax now and pay it later at the lower rate (Trad). If taxes are lower now than in retirement, the saver prefers to pay tax now and avoid it later (Roth). + +* Your marginal rate is the tax rate that will be taken out of your next dollar earned. If a singleton makes 75k gross and only take the standard deduction, they are in the 22% federal bracket. If they earn an additional dollar, that dollar is taxed at 22% and they take home 78 cents. If they earn 10k more, they take home 7.8k. + +* Your effective (aka average) rate is the total tax paid over the gross income earned. A singleton making 75k gross in 2019 is taxed $9675, or an effective rate of 12.9%. + +**** + +Now, a worked example of how the US federal tax works, because it is progressive and not flat. First, the standard deduction is essentially 12.2k that is subtracted from gross income and excluded from taxation. This basically makes it the 0% bracket. Here are the 2019 tax brackets for a singleton, treating the standard deduction as the 0% bracket for simplicity and clarity: + +2019 Marginal Tax Rate | Income +-------------|------ +0% | $0-$12,200 +10% | $12,201 - $21,900 +12% | $21,901 - $51,675 +22% | $51,676 - $96,400 +24% | $96,401 - $172,925 + +In the section above, I said + +> A singleton making 75k gross in 2019 is taxed $9675, or an effective rate of 12.9%. + +Here's how that math works out: + +* First 12.2k is taxed at 0%: $0 tax +* Next 9700 (21900-12200) is taxed at 10%: $970 tax +* Next 29775 is taxed at 12%: $3573 tax +* Last 23325 is taxed at 22%: $5131.50 tax +* Sum total: $9674.50 (rounds up to $9675) + +**** + +Now let's assume this young singleton is in their first real job, making 75k and trying to figure out whether they should use a Trad or Roth 401k at work. Here's how they think about their problem in effective vs marginal comparison paradigms: + +* My marginal rate now is 22%, and if I target retirement on 75k my effective rate will be 12.9%. Thus, I should save in Trad. +* My marginal rate now is 22%. Each dollar I save right now goes into the very "bottom" of my retirement withdrawals, since my retirement account is currently empty. As a result, my current marginal rate in retirement is 0% (standard deduction). Thus, I should save in Trad. + +There's a very important bit of logic in the marginal-marginal comparison, and that's the fact that the marginal-marginal comparison is time and account size dependent. + +Let's say the saver has $0 in retirement savings and earns 75k. They put 20k into a Trad accounts this year. This quadruples to 80k and they withdraw 4% for every year of retirement (3.2k). Every year that they withdraw 3.2k in retirement, all 3.2k is taxed at 0% because it's all in the standard deduction. Thus, every dollar of that first 20k (and each growth dollar that resulted) is taxed at 0%. However, all 20k that was saved back in 2019 avoided a 22% marginal tax. + +Let's say the saver has 1.875M in retirement savings several decades later and is still making 75k. Here's the marginal-effective vs marginal-marginal thought process: + +* My marginal rate now is 22%. A portfolio of 1.875M supports spending of 75k on a 4% withdrawal. The effective rate will be 12.9%. Thus, I should save in Trad. +* My marginal rate now is 22%. A portfolio of 1.875M supports spending of 75k on a 4% withdrawal. The marginal rate will be 22%. Thus, there is no specific tax advantage to being taxed now vs later. + +So the portfolio size has changed the thinking for the marginal-marginal rationale but not the marginal-effective rationale. + +Let's take it a step further and add a 40k/yr pension to this lucky retiree. They're sitting on a nice nest egg of 1.875M that supports withdrawing 75k each year and they're going to get a 40k pension each year. They're loving the fact that they're fatFIRE, and are willing to work a few more years before pulling the plug because they want to be super confident they can truly live it up. Should they save in Trad or Roth? + +* My marginal rate now is 22% (75k income). My portfolio plus pension means I will withdraw 115k in retirement, which is a 16.4% effective rate. Thus, I should save in Trad. +* My marginal rate now is 22%. My portfolio plus pension means I will withdraw 115k in retirement, which is in the 24% bracket. Thus, I should save in Roth. + +The *crucial* difference here is that regardless of what the saver does, they are already going to be withdrawing 115k in retirement. This means their marginal tax rate in retirement is already in the 24% bracket. + +The dollars saved this year have two potential fates: + +* Trad: Avoid a 22% tax (the marginal rate on the 75k earned), but because the money saved sits on top of a 115k withdrawal, every dollar saved that avoided a 22% tax is instead withdrawn at the higher margin, or 24%. You lose 2% in this scenario. +* Roth: Pay the 22% tax. But now, you can withdraw those extra saved dollars on top of the 115k withdrawal tax free, avoiding 24% tax. You save 2% in this scenario. + +The saver who only considers their marginal rate now (22%) and the "effective" rate of a 115k withdrawal (16.4%) comes to the erroneous conclusion that they should keep saving in Trad, even though it's losing them at least 2% on the taxes every year going forward. + +**** + +Summary + +* Marginal tax rates are the more powerful, flexible, and accurate way to assess whether to use Trad or Roth. +* Using marginal tax rates means you need to pay attention to your future tax basis, specifically how large your Trad (or other taxable income streams) will be in retirement. + +The examples above are contrived to show a point. But the point remains that the marginal-marginal logic will lead to the correct conclusion regardless of the current income, nest egg size, target FI number, pensions, etc. For the vast majority of early retirees, Trad accounts are preferred *NOT* because effective tax rates are so low, but because Trad account withdrawals are low relative to the marginal rate at which they were saved. In effect, it takes many years of saving to "fill up" the marginal brackets to get to where you were in peak earning years. + +**Most importantly,** the marginal-marginal logic remains useful and accurate even once your Trad (or other taxable income streams) gets quite large the Trad and Roth become more of a wash. The marginal-effective logic breaks down once the Trad account gets big, because you erroneously conclude that your "effective" rate in retirement is still quite low, leading you to oversave in Trad when you probably should have switched to Roth. + +**** + +EDIT2: Mentioned the definitions of Trad and Roth, as there has been some confusion in the comments. +Not talking about the coronavirus, what is dividend investing like in a bear market? Do you more actively change your positions based on the market, cuts or increases? Or do you maintain to hold and dollar cost average and not even check the market? +Iā€™m curious as to if dividends such as $O who pays out monthly (still ~4% per annum) are taxed differently than a stock who pays out quarterly (at 4% per annum). Thinking logically, if no difference in taxes occurs, why not drip into a stock like $O as compounding should theoretically occur at a higher rate? +All of the miners will sell their ETH at a higher price to cover the cost of the operation and demand will go up due staking! + +What do you think will happen in 20 days? +I'm constantly blown away by how things are handled by šŸ¦s. + +This sub right here is how a true democracy works. The mods listen to us and do what's best for the community. No secret keeping, no bs, no FUD. Everyone has the same voice no matter the age/religion/race/gender etc. The total transparency of information is nothing like I have ever seen. + +I've been hodling since end of Jan, and have been talking about GME with everyone I meet pretty much. Just yesterday, one of my best friends who is Def a 100 times smarter than me has totally dismissed the points I was talking about, as if I've no idea what I'm saying... When we got to a point where he couldn't counter argue my points anymore, he said I'm getting emotional and shouldn't be like this when investing šŸ˜‚ I'm a retard, but I'm so sick of people not taking me seriously. + +I've been reading DD and learning about the stock market for hours each day for the last 4 months. I'd like to think I have a few wrinkles starting to form by now. + +Anyway, I just wanted to say a massive thanks to everyone who is a part of this community and I cannot wait to meet some of you after the MOASS. āœ‹šŸ’Žāœ‹šŸ’Ž + +The next few weeks will probably be quite challenging. + +Ignore the FUD! + +BUY. HODL. VOTE. NOTHING ELSE MATTERS! + +TO THE MOON šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒ’ + +Edit: thanks for all the awards and cake day wishes! +Hi, + +I'm currently between jobs and getting a nice Ā£80 per week for my troubles. + +I have a friend who has recently inherited a large sum of money and wants to split it between different banks into the Ā£85k limit. The problem being he has well over the Ā£250,000 maximum for protection under the FSCS scheme. + +We've been besties for a long time and has asked me if I would put a further Ā£250,000 into accounts for him under my name. + +Whilst it's absolutely not my money and all of it and the interest will go back to him, this somewhat technically puts me over the Ā£16,000 savings limit which would mean no benefits for me. + +I'm guessing the answer is yes, but would I have to declare this, despite it only being mine through technicality and me getting nothing from it? +So im in a situation where one of my family members is going to sell their home and its 1800 sq ft. Upstairs and downstairs with 4 beds 2 bath 1 extra game room upstairs. The house may need remodeling, but also has a storm shelter and shed. I was told they would sell the house to me for 100k, and the value of the home is 150k. The house also qualifies for the usda loan for rural areas since its in a suburb part to a major city. I know I can also qualify for FHA if I wanted to use that instead. Im just stuck in the middle because this would be my first "adult purchase" requiring a loan. Is it worth putting myself in debt ? I just like to hear pros and cons and other opinions about it. +I read Tim Ferris' Four-Hour Work Week a number of years ago and the one concept that really stuck with me was the low-information diet. For some reason I always connect this idea to FI even though they aren't really connected. But the concepts overlap - simplicity in life for greater happiness. MMM even [wrote a post](http://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/) on it. + +So what are some similar pieces of advice, concepts or ideas that are tangentially connected to FI? +So here I was, earning maybe 10\~15% every two days on SPY spreads, thinking I was making a smart play when I read a random comment that said something to the effect of: + +*I noticed that SPY tends to earn about $10 per month, so I buy a +$10 call for SPY a month out and sell when it hits 1K. I've made 3K the last three weeks.* + +So I tried it out, more cautiously, by buying a +$5 call a month out to be conservative. And I've already gained $300 (%80%) in two days, and switched all my spreads to these. Whoever you are, thank you, and I'll venmo you a pizza if I ever find you :-D + +EDIT: Just so that people understand something here - not only does this position have a higher margin of profitability for less overall risk than my original positions (already a huge plus), it also means that the SPY downturn that occurred today (ironically right after I wrote this) didn't hurt my investment much at all, whereas my original investments in SPY would been in heavy negatives right now. + +EDIT 2: I do actually sleep, so if I stop responding, I'll do my best to answer any questions when I next see them :-D For everyone who appreciated this post, happy to help :-D and feel free to DM. I'm also trying to start writing articles for newbie traders since a lot of people seem to be elitist and rude in the trading subs. + +Edit 3: So to make sure people understand what I meant, when I say +$5 call, I mean ***a call with a strike price five dollars above what the current price is.*** When I say +$10 call, I mean ***a call with a strike price ten dollars above what the current price is.*** + +FINAL EDIT : So two things - If I didn't answer a question, please just PM me. I've answered at least two hundred or more between PMs and this thread, and I may have mistakenly thought I answered you and I didn't. If so, my bad, and PM me and I'll answer you as I can (day job notwithstanding). Second thing, if you liked my writing or my answers and want to read more, feel free to hit my Medium blog ([https://medium.com/@patrykbg](https://medium.com/@patrykbg)). I'm starting a blog for beginner investors since so many people were rude, dismissive or obnoxious when I was first starting out, and I wanted there to be a spot where that wouldn't happen. **New post up just today!** + +Final Edit 2: The Return :: Sorry, one last update, just so that people following don't need to scroll down to find out **the status of this play -** + +SOLD - ~~1x SPY 9/28 350C~~ \- ~~the +$5 play that started it all~~ \- ***+$397*** *overall profit, went with the 2x because I wanted to get in on some sweet Tesla and Apple action as well. Mighta even had a 3X but hey, Apple was calling my name, and I had to heed the call.* + +SOLD x1, still 2x SPY 9/28 360C - the play that this post recommends - ***+500*** *overall profit as of 9/2 @ 1:40PM, 111% total profit and the sold one I just bought a replacement one with and banked the profit :-D* + +2x SPY 9/30 370C - bullish test just to see what happens - ***+$300*** *overall profit as of 9/2, 300% profit, I 3X'ed this biotch! WOOOO!* + +*So to all you haters insisting this wouldn't work, was bad advice, and was more dangerous than using butterknives in a toaster to get bread, where are you now? I like how a lot of you deleted your comments because you didn't want people to see how wrong you were, I guess?* ***To everyone else: Good luck with your trades :-D Consider this episode closed - I think we can all see how well this went. PM me if you want, but I won't be updating this section after today, as 3X was my exit strategy :-D Still keeping a few to see if I can go higher ;-D*** +[IT Dept Email](http://imgur.com/gallery/TkMLAHz) + +I posted in the "Where there's smoke, there's fire" thread that I work at a large regional bank that was experiencing system issues that prevented us from doing large funds transfers today. + +I don't think its necessarily fuckery, just a weird day to suddenly not allow people access to their online accounts or funds transfers. Fits with the theme of the thread. + +Anyway here's the proof + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +Recently been fined 100 pound for late filling of self assessment. I had previously filed one the year before as I worked as self employed through the CIS scheme but then covid hit and am site shut down so I thought that was it I got another job and registered as just employed. Come to now a couple years later they are trying to fine me. What can I do +I became ill in the autumn last year - I won't go into the illness itself because I'd rather not discuss the medical aspects - but I have received treatment through my private health insurance and I greatly respect their opinions and those of their NHS counterparts. Their messaging so far has been that A) I cannot expect to recover, but I might improve / recover over the course of several years, B) I need to take things extremely gently or risk making everything worse and C) there isn't a categorical test that everyone can point to, my diagnosis relies on expert opinion and consensus, and for the last year they have all agreed. + +My company agrees with their reports, and will only let me work a few hours a week (I'm in tech, so WFH is OK for them). If I do more, it has made me really ill, so it's fair enough. Financially, I'm in an OK place. Insurance is paying out ~Ā£3k gross per month and my partner earns Ā£45k. Between us, we have about Ā£10k cash, Ā£120k in pensions and Ā£200k in ISAs, but owe Ā£400k on a Ā£600k property. We have two children, aged 2 and 4, but family are helping out so childcare costs are pretty low and everything else is minimal expenditure - Lidl, Freeview, SIM only etc. I'm turning 32 in December. My partner is 2 years younger. + +The problem is that this won't keep going forever. If I don't make a recovery within a year or so, then I expect my company will decide to get rid of me, and based on best guesses the insurance would drop to ~Ā£2.5k per month. That's only if the insurer thinks I'm still unfit for work, though. If they order another expert to evaluate me at some point in 1/5/10 years and they disagree, then they could refuse to pay. That might mean I'm not as ill any more, but my skills are outdated, or that their expert has taken an overly optimistic view of my health. Either way, I may not be walking into a job. + +I've spent so long being frugal and saving that this feels like totally unnatural surroundings, and I've always been used to income being static or growing since I was 16 - the idea of potentially having no income is really scary. A part of me wants to move company or push harder to go back to full-time, but the risk of destroying my health and preventing me from being a parent is probably even more scary. I just can't figure out where to even start. +Hey guys, + +&#x200B; + +I'm telling you this from experience, portuguese here, you don't pay capital gains when it comes to crypto in Portugal! I heard Biden wants to raise that tax, so feel free to come to Portugal, to enjoy your tendies without limitations. We have good wine, good food, plenty of awesome beaches. Were a safe small country with plenty of good stuff. And of course, we're the country of Cristiano Ronaldo! šŸ˜‚šŸ˜‚ +Just a small bone to pick with some of the posts I saw yesterday, likening us to lottery winners. Was I lucky when I bought the leading smart contracts platform in march 2020? Was I lucky when I bought NFT tokens in December 2020? Was that nerd you're envious of lucky when he invested heavily into THE COIN in 2012? + +No. My only luck is being able to experience this timeline. For every person like me who believes, there is a person who doubts me. We are well informed individuals, taking advantage of every opportunity life throws at us. + +Further more. I nearly didn't get into web3.0 projects. I was TOLD in 2019. But it didn't click with me until I formed my own convictions nearly an entire YEAR later. + +I'm no Einstein but I know I'm fairly smart. People like me and you... we read the reports, take the data, abstract it in our minds and see what kind of future we can imagine. Then we pull the trigger and INVEST. + +I know many here will suffer imposter syndrome bad when they get their tendies later this year. Yeah yeah, you will have millions n ya crying about this. boo hoo. What's the point in having financial freedom if you aren't happy? + +I've spent hours reading every DD. Started with 1 share for a joke. Bought more because I saw opportunity. Then got fucking greedy because I like what I saw. *Really*, liked what I saw. Went so far as to like the stock, some might say. + +I know I ain't the only mofo who weighed up the risk after reading every single DD n dumped his entire life savings into this. It's been tough these last few months because of it. And when I pays off, I won't be fucking lucky. + +First I was informed. Then I was courageous. Don't wanna be lectured for dumping every penny I have into this, but when you do that it's more than just buying a stock. It's liking a stock. + +I'm sure you're the only guys that will understand this when I say ***I can see the future***. Same thing I thought about every other thing I ever invested in. + + +Biggest risk I've ever taken. Most courage I've ever shown to go through with this. And when it pays off I won't be fucking lucky. Already have an issue with trying to explain my life path to people, when usually it all boils down to a fancy job title. There's no simple word or title which explains the experiences I've gone through investing in early stage projects. Venture capitalist? idk, I don't have that much money yet. + +Sorry, just gettin' emotional about this. I love all apes. And I know the original lottery posts were to try and educate the less financially literate about what to do with their money. I love all apes n ants. Just needed to vent this. Thank you for understanding . + + +I just wanna scream at every uniformed person who says "oh I would have done this" based on hindsight. It is NEVER easy when you're a forward thinker about to pull the trigger and start an investment. It is a well calculated decision. The risk is analysed. And there's a reason not everyone does it. Largely because it requires balls, but it also requires extensive dedication to a topic for months of research. And unless you're the right type of person, most people just don't like that. + +And seemingly in one fowl swoop a person can brush off and undermine your entire life's work because they're ignorant of what it takes. They'll never know + +&#x200B; + +see you in tendie town x +šŸ’ŽšŸ™ŒšŸš€šŸš€šŸš€šŸŒšŸ¦ +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# šŸ“š Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +**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'd love to learn some new ways to save more. + +One of my "tricks" is that you can eat the stems of broccoli. You just slice it really thin and cook it along with the heads, and it tastes great. It is a little trick but things like this add up. + +What can you share? +Unless you know something other investors don't - insider trading, or you just negotiated an international trade deal and it has not yet been reported to the public - how is it possible to make money in the stock market, besides luck? + +I know there are strategies like "dollar cost averaging" and diversification in terms of geography as well as industry, and I know in theory "stocks only go up" (in the long run, on average), but still.... + +If all the factors that might make you think a stock will increase or decrease have already been factored into the current price, how is it possible to make money by owning stock? + +If a company has consistently growing profits for 4 quarters in a row, it could still have a lower price than it did at the start of the year, if the profits haven't been as high as expected. + +There are many technologies that I believe will become widely adopted in the next decade, but surely many other investors see that promise too (example: gene therapy), so stock prices already reflect expected future earnings, yes? + +If, instead of choosing stocks, I just invest in index funds or mutual funds or ETFs, does that really change the question? I'm still buying a set of stocks at their current prices, which reflect expected future earnings, yes? + +\[Edit: If I'm going to try to know more than hundreds/thousands of investment analysis teams, sounds like I'm going to be doing a ton of work, with fairly equal probabilities of gains or losses. Not just me, a beginner, but it sounds like people who have been doing this for decades must be spending a ton of time with fairly equal probabilities of gains or losses - only leaning towards gains because "stocks only go up" (on average, in a well-diversified portfolio, if the world doesn't totally go to hell). I can imagine people earn below minimum wage - unless they have hundreds of thousands in the market, so a 6% return amounts to moderately decent compensation for their time.\] + +I googled, perhaps not using the best search terms. I did not find anything that addressed my question directly. +I'm in my low 30's. I make about 65k and I owe about 120k student loans. I have about 10k saved up and I want to buy a condo for 75k. I live in new york and apartment rentals are very expensive. I've tried the rent vs buy calculator on the new york times and it suggests I could be much better off buying. + +Is the stepping stone strategy a good idea. I could buy this place build up equity and did a better place in 5 years. How much are closing costs in New York I hear they are about $5000 +On the surface, I understand that increasing productivity leads to GDP growth since the output per unit of labor increases. If I'm not mistaken, this also means wages will increase since labors' marginal output increases. However, wouldn't this also mean that unemployment increases as firms now require less labor to produce the same level of output (i.e. swapping labor for capital in the Solow model). Is there something I'm missing? +Hello, + +I asked a general question last week about studying Economics in University, but now I am hoping to get some more insight into which subfield I should study first. For my Business degree, I am required to take both Macro and Micro and I was told that I have the option of selecting which course to take first. With almost no experience or previous knowledge in Economics, which course would you recommend I take first? + +Thank you so much for your help! +Sometimes politicians talk about going back to the gold standard but can it really be done? Is our world too depending on printing money for this to happen? + +What would happen if let's say Canada just went back to the gold standard and tied the loonie to gold? +Only two large countries , South Korea and Taiwan, became rich. Most success stories are small states like Singapore, Hong Kong, Macau, Dubai, Qatar , Panama etc. +For example, in Russia, the "key rate" sits at 8.5%, with interest rates on consumer loans being sky high compared to the ones in western countries. I would guess that this has something to do with keeping inflation down; if so, what are the reasons the economies of these countries face such inflationary pressure? +Iā€™m writing a story about a city that was created by a ā€˜Godā€™ like race made to be self sustaining as their is no other settlement or city on the planet and though I understand in the early stages the city survived on bartering the time the story takes place, the city had to resort to a currency economy in order to create a stable sense of capitalism. + +Itā€™s at this point I need to understand a few things about the actual real world aspects of what a city like this would actually be like in order to create a strong reasoning for the characters to fight the system. +Hey Reddit, + +I want to learn economics so that I can be a better businessperson, but I don't have the first idea where to find useful information about it. + +I have a certain conception about economics that may be untrue, I'll share it so others can tell me if it's false or not. In the college I went to, the economics course was just a "mandatory" that people took because they were required for a lot of degrees, commonly referred to as boring and inapplicable to real life. + +If this conception of the way colleges generally teach economics is false then I want to find out where I can learn the real-life applicable study of economics so that I can use it in business. If it's true, then I want to find out how to self-teach myself exactly what I learn in a college classroom, for free. + +Where do I start? I'm at a loss as to where and how to learn real-life applicable, business oriented economics. + +If you're responding to this thread, please tell me a little bit about your formal experience with anything economics-related, so I can understand why you're recommending the things you are. + +If you're reading this thread, please upvote other suggestions in the comment section that you think were good responses to my questions, so I can figure out which resources/concepts/areas of economics to start with, thanks! + +TLDR: Unsure if colleges teach economics right, want to self-teach myself economics for business but am clueless where to start. +" Similarly, countries with large current account surpluses might be viewed by the market as candidates for revaluation. In this case, their central banks would find themselves swamped with official reserves, the result of selling the home currency in the foreign exchange market to keep the currency from appreciating. A country in this position would face the problem of having its money supply grow uncontrollably, a development that could push the price level up and upset internal balance. " (end of the textbook quote) + +I mean, doesn't currency appreciation drive domestic inflation down? How does the inflow of foreign currencies into our official reserve cause our domestic money supply to grow uncontrollably? +His main argument against macro economics is that you can't arrive at the macro level from the micro. Examples of this include general relativity and quantum physics, biological systems and chemistry, music and individual notes. The macro level in these examples is not explained by arbitrarily summing the micro. + +At each new level of complexity, new rules and laws must be found. You can't explain the behaviour of water from isolating an individual water molecule and analysing its properties, instead you must look at the interactions between millions of water molecules to understand how water behaves. + +There are emergent properties in complex systems, where the whole is greater than the sum of the parts that macroeconomics fails to take into account as it is 'blown up micro' e.g. arriving at market demand by summing individual consumer demand (and since the consumer is a 'representative' one, it isnt really a market demand consisting of different individuals) + + +Another example he gave was that the supply curve is not upward sloping. In over 150 studies on firms, they found that marginal cost did not rise as output rose. Instead it fell, as factories often have built in excess capacity, and therefore work at increasing efficiency as output rises. Engineers know about the issue of diminishing marginal productivity, and therefore build their factories in such a way that this doesnt happen. + +For demand to be downward sloping Microeconomists stated that consumers must have homothetic prefernces in a good, so the proportion of their income spent on the good as income rises is the same, so somone who earns Ā£10 a day and spends Ā£2 on pizza each day must also spend Ā£20,000 on pizza when they earn Ā£100,000 a day. Another condition is that consumers engel curves must be parallel, but since these are straight lines, and income begins at 0 on an engel curve graph, parallel lines that start at the origin are...the same line, meaning there is 1 representative consumer. +The US is, by several measures, in an economic boom. If/when the next bust occurs, what should policymakers at the Fed and other relevant institutions do to get things back on track? + +If someone could recommend a cogent way to frame this or data-driven books/articles to put this in context, Iā€™d greatly appreciate it. + +For example, are so-called ā€œnew Keynesianā€ macro-economic principles/tactics still relevant among central bankers and other decision-makers? Are there any heterodox economic theories that would shed light on how to minimize the frequency/magnitude of boom-bust cycles? + +Given what we know about trends in wages, productivity, national/household debt, etc., would it make more sense to somehow stimulate consumer demand or encourage saving and business investment in the event of something similar to the 2008 crash? + +Put another way, do business interests generally have a reason to lobby for measures (like UBI, etc) that would increase demand among the population? Or is there already sufficient demandā€”making incentives to increase production more desirable? Where does austerity fit into this picture? I imagine these questions vary by industry and that any ā€œnudgingā€ (shifting tax burdens, say) could be extremely complexā€”but is there some aggregate measurements to track or big picture truths we can distill at this stage? + +Sorry about the rambling nature of this post. Grab a thread and point us in the right direction... + +I am considering majoring in a STEM field and possibly minoring in Philosophy. I will probably take a few classes in Economics. + +However, I feel it is very important to have a good grasp of economic issues. + +Should I continue to take classes in Economics after graduating, obtain an MBA or read about economics? +Hi. Ok so I saw a new poll. [https://www.newsweek.com/majority-americans-back-stimulus-checks-inflation-poll-1755636](https://www.newsweek.com/majority-americans-back-stimulus-checks-inflation-poll-1755636) Majority of Americans Back New Stimulus Checks To Combat Inflation. + +Would these new stimulus checks reduce inflation? I think it would increase inflation [https://www.frbsf.org/economic-research/publications/economic-letter/2022/march/why-is-us-inflation-higher-than-in-other-countries/](https://www.frbsf.org/economic-research/publications/economic-letter/2022/march/why-is-us-inflation-higher-than-in-other-countries/) + +Would it reduce poverty? Do most economists agree with sending new stimulus checks? +Let's assume we have a country, it is middle sized and geographically diverse, not very rich but not poor either (you can think of Mexico, Turkey, Iran). + +The country wants to have enough self sufficiency to be completely embargoed by the entire world for years. So naturally it should be producing every thing, including high-tech. Producing important crops like wheat, coco and coffee would be nice if done. The populution should have a standart of living as high as possible. + +Can it be done? If so, how? How long would it take? +When the CPI goes up is that what is inflation? + +The CPI is a bunch of products. If some go up is that what causes inflation? + +How does inflation go down? + +If milk is in the CPI and goes from $1 to $2. Inflation goes up. + +If it stays at $2, does inflation reset after a year. And $2 is the new zero inflation mark? +Currently, rent control often caps increases in rent to something like 3-5% a year. If this cap was instead 10%, or more would that be any better in avoiding the issues typically brought up with rent control? +Ferraro, Paul J., and Laura O. Taylor. "Do economists recognize an opportunity cost when they see one? A dismal performance from the dismal science." The BE Journal of Economic Analysis & Policy 4.1 (2005): 1-12. + +They conducted a survey with economists and with undergraduate students. + +>...the most popular answer was $50, with 27.6% of (~200) respondents choosing this answer. The second most popular answer was $40, with 25.6% of respondents choosing this answer. The third most popular answer was $0, with 25.1% of respondents choosing this answer. *The correct answer, $10, was the least popular, with only 21.6% of respondents choosing this answer. In essence, the answers given to us by well-trained economists appear to be randomly distributed across possible answers.* + +>...Of the 270 students who had taken a previous economics course, only 7.4% of them answered the opportunity cost question correctly. Of the 86 students who had never taken an economics course before, 17.2% answered the question correctly. + +>**Interestingly, there is no significant difference between the proportion of Ph.D. economists that answered the question correctly (21.6%) and the proportion of undergraduates with no prior exposure to economics that +answered the question correctly (Pearson Ļ‡ 2 = 0.714, p-value = 0.398).** + +The following is from their conclusion: + +>In their introductory textbook, Case and Fair (2001) write that, ā€œ[a] good way to introduce economics is to review three of its most fundamental concepts: opportunity cost, marginalism, and efficient markets. If your study of economics is successful, you will use these concepts every day in making decisions.ā€ We chose one of these fundamental concepts, opportunity cost, and set out to +determine if Ph.D. economists and students in undergraduate economics courses had acquired a solid understanding of the concept. Our results indicate that few respondents have the ability to apply the concept to a simple example. + +My title was slightly incorrect. They are not less likely to be correct, but they are just as likely as people with zero education in economics. +On one hand paying for welfare requires taxes which introduce deadweight loss. On the other hand welfare typically transfers wealth from rich people, who are more likely to save it, to poor people, who are more likely to spend it, which helps stimulate the economy. Furthermore I could see how welfare could possibly improve productivity since people who are housed and fed are probably going to be more productive than starving and homeless people. + +So what does the data show and what do economists think? Does welfare make us all richer or does it make the recipients better off but leaves everyone else slightly worse off? +When a country allows trade with others, then they become wealthy and it's easy to see why - some areas of the world produce goods and services cheaper than the country we're talking about and therefore they have more to spend and invest. However, when a country gets cut off from international trade, all I can see is that things just become more expensive for them and they become inefficient, but I don't know why that would make so many people poor. + + + + + If we take, let's say the US which can be self-sufficient if they wanted to and got every country in the world to agree to not trade with them, wouldn't the US then just adapt and not regress that much? Sure, everyone would develop advantages over them because open markets and stuff, but the US population would still be mostly fine, right? [Inb4](https://www.youtube.com/watch?v=TUq6rGdfJSo) +**April 2021** + +Sadly Sporklin a Dogecoin developer for 7 years loses her [fight against cancer](https://cryptopotato.com/dogecoin-developer-sporklin-dies-cancer/) + +In one of her [last post](https://www.reddit.com/r/dogecoindev/comments/lpucjw/dogecoin_can_reach_1_with_significant_dev) she is clear on how much involvement/ impact Musk has had. + +*ā€œElon has nothing to do with Dogecoin which has been made clear repeatedly ā€¦ Elon has come to play with Dogecoin for years on social media, it was only recently that people tried to turn that into something it is not ā€¦ Things have not changedā€¦Elon is not on board with anything, Elon does not have anything to do with the project, the listings, the engagementsā€¦Nothing. He memes and trolls.ā€* + +**May 2021** + +On Twitter Elon the now dubbed Dogefather announced : "[Working with Doge devs to improve system transaction efficiency. Potentially promising.](https://twitter.com/elonmusk/status/1392974251011895300?s=20&t=vILjxrPe0-pgjeaeWucMiw)" ... the price of Doge surged. + +In a now deleted tweet Dogecoin co-founder Jackson Palmer cautioned followers saying.. *"Reminder: Elon Musk is and always will be a self-absorbed grifter."* + +**Nov 21** + +Last Dogecoin GitHub Master branch [commit](https://github.com/dogecoin/dogecoin/commits/master) was over 7 months. + +Although still signs of some life [on dev branches](https://github.com/dogecoin/dogecoin/branches) + +Last release, [6 months ago...](https://www.reddit.com/r/dogecoindev/comments/qpkk46/dogecoin_core_1145_released/) + +**Jan 22** + +In a long awaited Dogecoin announcement, the headline says Tesla [accepts Dogecoin](https://www.investopedia.com/tesla-accepts-dogecoin-for-merchandise-5216067) but the reality says its only for certain items in its shop like a belt buck and Tesla shaped whistle. + +**Feb 2022** + +Core developer Ross Nicoll [steps away](https://rnicoll.name/posts/2022-02-16-stepping-away/) from the project referring to stress, a potential lawsuit against the developers and lack of funds the foundation has to pay him anything at all despite the Billionaire supposingly having Devs back. + +**Apr 2022** + +In a [Twitter thread](https://twitter.com/michilumin/status/1517958353024020480?s=20&t=_9ZUgcvPqct44NLcE4qKMQ) another Dogecoin developer Michi Lumin again paints a picture of an underfunded foundation.... + +*"When influencers say that the Foundation has tons of funding lined up, or that we're building out infrastructure - and people believe that - it actually harms the @DogecoinFdn because people who would otherwise be willing to help go "oh, they have it all taken care of", This bothers me because we're not actually a club full of rich people. Many of us still work day jobs to make ends meet but still want to see #dogecoin proceed and succeed. Tales of palace intrigue end up being things we have to spend time answering to, as well...and the propensity for certain sections of the community and media to be thirsty for the next scandal or conspiracy actually puts a lot of strain on an already fairly stressed crew."* *"Yes, we're trying to get sustaining funding in order to do some of the 'big ideas' we want to pursue. A lot of what you read on social media in regard to this is completely made up for clicks and engagement-We still have a lot of hard work to do. Wish ppl wouldn't make it harder."* + +On the whole after over a year there has been no dramatic revelation or support for [Dogecoin development](https://gitgitlog.com/dogecoin).. think it's safe to deduce that once again.... Elon Musk is most likely Twitters biggest spam bot šŸ’© +So I have a couple lakhs lying around doing nothing. What is a safe, reliable way to make it grow at a rate faster than the interest rate provided by FD, PPF etc.? + +Is buying residential plots around the capital city of a certain Indian state (Orissa) a good idea? This city (Bhubaneswar) hasn't seen a huge growth spurt yet. Even in the absence of growth, shouldn't prices rise given the current trend in real estate? + +I have also considered buying a small apartment in Bangalore but given the prices, scarcity of water and additional burden of a home loan for several more years, I don't think it is worth the effort.. + +What do you suggest? +I was reading an article : [After Six Missed Calls on Phone, Mumbai Businessman Loses Rs 1.86 Crore in SIM Card Fraud](https://www.india.com/business/mumbai-based-businessman-loses-rs-1-86-crore-after-six-missed-calls-3506608/) . This article says that this guy's SIM was cloned and crores of money was siphoned off his business account in a matter of hours. He also says that he never shared his phone number linked to his bank account with anyone. + +* What steps should be taken to prevent SIM card fraud? + +* What steps should be taken to protect our money once our SIM card has already been cloned? +Came across online fixed investment platform "Jiraaf", it says average return is 12.5% with 0 default. If you have also tried these short term high returning investments, please share your feedback. +Ive been trading for over 30 years and my only reason for this post is to save lives. + +If youre a new trader.... please understand you can lose everything in a heartbeat. Dont double down, even if ur down big. Sit on ur hands. Buying more into a vicious decline is how traders lose it all. + +If youve already lost it all.... everything will be ok. Right now u may feel like the world is ending, but it is not. Believe it or not, one day you will have this money back and more. You will feel like absolute shit for awhile but u will be ok. + +If you feel despair/suicidal.... stop, breathe, talk to someone, realize ur not alone. What ur going through is not unique, most new traders lose it all when starting. Donā€™t beat yourself up, most of us have been where u are. You will be ok and u will rise again. +Iā€™m 18 currently senior in high school I started a vending machine company with $1,000 when I was 15 . I got the initial money from hustling all summer washing cars, houses, building computers, you name it I was doing it. Since then I have grown my business to 6 machines and 4 locations. I mostly reinvested all the money into the growth of the company and I took $1000 to put into the stock market. I grew that to $11,000 since I turned 18. I have a couple thousand in my checking account. And I have been collecting sports cards and PokĆ©mon cards since I was six and I probably have $15,000 in cards. I got bored of the vending machines so I wanted to sell. I got an offer for $20,000 so I am going to sell for $20,000 and I will also have the $8,000 I have in my business bank account so I will approximately have $25,000 to $30,000 from the sale pre tax. I have no debt I have a credit score of 720 and I was thinking of putting the money towards college but my parents already have double what my tuition is in a college fund which is penalized if you do not use part of the money . Any ideas for how I should use this money I am expecting. I really have no expenses as I live with my parents and I really donā€™t buy anything . +I pay Ā£7.42 per month for my plusnet plan (sim only, unlimited texts and mins, 3gb data) and this morning found out that there were deals on their website that gave more data for less money! Switching literally took 2 mins. Why didn't the bastards tell me? They'd been increasing my plans price steadily over the months while keeping the intro price the same for everyone else! And I could have switched back to the intro price at any time! + +Anyway, this is your reminder to check your plan once in a while +I have six 2-bed units (4-plex building and a duplex) rents are obviously up across the country by a substantial amount . As my leases are starting to come up ( most between May-July) do I raise the rent considerably to maximize profit or keep the rent increase moderate so my good tenants stay and donā€™t feel yet another huge hit in this insane inflationary period. + +I have great tenants in all of my units. Morally I feel I donā€™t want to add to the issue that is hurting so many people. These are mostly moderate income earners. Sure me and my family could benefit from this market and get max rents, but at what expense? But the business side of me is saying maximize while you can and if you canā€™t get past the morals side then sell the buildings your not cut out for this. + +Curious to see what you all are doing and how you feel from a personal and business stand point. +So, I'm single 31M (32 next month), debt free, own a car but rent an apartment instead of owning a house due to moving a lot for work. My post tax income (what goes directly into my bank account after everything else has been taken out) is about 77k, and in the last year (since last November) I have spent 33k, leaving 34k that has gone into either my ROTH or other investments, aside from a small emergency cash fund. + +Saving 50% of my income had been my goal since I started working and thanks to raises I've finally achieved it. I've unplugged from cable, got a phone plan which costs an average of about $15-$20 a month and avoided debt like the plague (although I do use my credit card all the time to rack up reward/travel points, and then pay it off each month). + + However, I still feel guilty as hell when I occasionally splurge my money on unnecessary things. For example I blew $80 on a mobile game last week and right afterwards I was like "what the hell, that's what I spend on eating out in a month! SHAME!". I know I can afford it, but I've gotten into the mindset of saving that I avoid spending money wherever I can. I remember the fax machine breaking down in the office and I had some personal documents I wanted to fax to my doctor. I waited 2 days for it to be fixed (which it wasn't) before finally going out and finding a public fax machine that I had to pay $5 for. + +Sometimes even when you meet a long standing goal that you've been aiming for, it still feels like you have not been doing enough, has anyone else had a similar experience? +https://www.marketwatch.com/story/doordash-uber-eats-grubhub-must-disclose-hidden-fees-give-delivery-workers-all-tips-under-new-california-law-11633532289 + +California will soon give tip protections to delivery workers and require more transparency from DoorDash Inc. and other food-delivery apps under a bill signed into law by Gov. Gavin Newsom on Tuesday night. +AB 286 requires delivery apps like DoorDash DASH, 1.93%, Uber Eats UBER, 2.98% and Grubhub GRUB, -0.91% to give delivery workers all their tips. The bill also prohibits food-delivery apps from charging customers more than restaurants do. And it addresses hidden fees by requiring the companies to disclose to restaurants and customers a detailed cost breakdown of each transaction. + +ā€œGig companies have profited during the pandemic by keeping consumers and restaurants in the dark about the true cost of their services,ā€ said state Assemblywoman Lorena Gonzalez, D-San Diego, who wrote the bill, in a statement. ā€œNow, small restaurants and their customers will know what theyā€™re being charged upfront and get to see exactly how much is actually benefiting the restaurant.ā€ + +The bill, which will take effect Jan. 1, 2022, is the latest of many efforts to regulate the burgeoning app-based food-delivery industry. At the beginning of the coronavirus pandemic last year, municipalities adopted emergency delivery-fee caps. This year, San Francisco and New York City enacted permanent fee caps, sparking lawsuits from DoorDash, Uber Eats and Grubhub. And New York City last month passed first-in-the-nation legislation that would establish minimum pay for delivery workers, give them access to restaurant bathrooms and more. + +DoorDash, which has faced questions about how much its drivers keep in tips and last year settled a lawsuit by Washington, D.C., accusing it of applying tips to workersā€™ base pay, says on its website that its delivery workers keep all their tips. Uber Eats and Grubhub also say tips go straight to the drivers. + +DoorDash said it had no comment on the signing of AB 286. Grubhub and Uber have not returned requests for comment. + +Meanwhile, Newsom vetoed another bill, AB 1444, which would have dictated that agreements between restaurants and food delivery platforms be written and include certain content. It also would have restricted delivery platforms from charging restaurants for forwarded calls unless those calls resulted in an order, and required listing websites to disclose whether ordering through them would result in forwarding a call and a fee paid to a third party other than the restaurant. + +In his veto message, Newsom said ā€œWe have significantly increased oversight of food delivery companies in recent years.ā€ The governor also mentioned that the delivery platforms have said they no longer charge restaurants simply for forwarding calls. +As the title says predict the best performing stock of 2022 and I will give away Reddit awards to the people who correctly predict the best performing stock of 2022. + +The award will given early next year. And if there is no correct prediction the award will be given to the person whoā€™s stock comes closest to the highest return. + +**Rules**: + +* Deadline for the prediction is next Saturday(which is Jan15th, 2022) +* No Peny stocks +* No Bit-coo +* You can only pick one stock +* Your prediction is based on the YTD performance of the stock + +**Rewards**: + +* 1st place: Gold and a mystery award +* 2nd place: "Got the W" award +* 3rd place: "Glow Up" Award +* Last place (the user with the worst prediction): "Facepalm" Award + +And last year's winner is [cash393 (u/cash393) - Reddit](https://www.reddit.com/user/cash393/) , he correctly predicted Gametop in December of 2020 that it would blew up. +Iā€™m sitting outside of target because my wife ran in to buy a dress and Iā€™ve seen at least 100 people go in in the last 60 seconds. Buy calls you R Tards. This is inside information Iā€™m giving you you autusinal fucks. + +(Next day edit) Iā€™m literally retarded donā€™t listen to me. Buy puts, or sell them, maybe barter for them, i dont know. +I had an initial phone interview today and the first topic they brought up was the salary. I asked for 5k more than the job listing salary range. They said yes to my salary request without even flinching. I spoke directly with someone at the sub-contractor company, not a recruiter. Now I can't help but feel like I sold myself short. More phone calls and interviews are to occur. The offer letter (if I'm accepted) may not be for another week or so. Is it too late to revisit the salary conversation? I like this role and afraid to jeopardize my chances by coming off as greedy. How do I properly broach the topic? +Today wasn't good, I'm not gonna lie. But I absolutely think that the markets are overreacting right now, so I am buying the dip. + +Why do I stay bullish? I am convinced that this new virus strain will fade away just like all the others did before. Here's an excerpt from *The New York Times* : + +>Still, even epidemiologists who have been the most outspoken in supporting precautions against the virus urged calm on Friday, noting that little is known about the variant and that **several seemingly threatening variants have come and gone in recent months**. +> +>ā€œSubstantively NOTHING is known about the new variant,ā€ Roberto Burioni, a leading Italian virologist, wrote on Twitter, adding that people should not panic. + +So, here you go, you don't have to believe me. Experts are saying not to panic, so I don't panic. + +We also have to remember where we are coming from. In March 2020, the whole world economy basically shut down for a month. We had no vaccines, no treatment pills, nothing. And yet, markets recovered so quickly that a lot of investors couldn't believe it. Why would a new strain be any different? Almost everyone is vaccinated, deaths are plunging, and the economy is in really, really good shape. + +That's why I think this dip is a major buying opportunity. In all likelihood, we will be back at 60k and 4.4k in the coming weeks. If you are a long-term holder, this is a very good entry point. +**šŸ›” ANNOUNCEMENT OF RECENT DEVELOPMENTS šŸ›”** + +**With a well-defined token utility, responsive team of developers/admins, and dedicated marketing plan, the** [**Shield Network**](https://www.shieldnetwork.io/) **($SHILD) project has seen inspiring growth. The project has everything in the making to become one of the most valuable Binance Smart Chain projects in 2021 and beyond. At only $18M market cap, it presents one of the most promising investment opportunities for a market saturated with pump-and-dump and "safe" coins that lack utility.** + +**Emphasizing the Shield Network team's recognition of the need and value of transparency, the team has begun holding weekly AMA sessions.** [**The first AMA is available on the team's YouTube channel**](https://www.youtube.com/watch?v=pcPZ_1eoFUQ)**. The team is currently planning an AMA for today at 22:00 UTC and has** [**posted a survey for both community members and prospective investors to ask questions**](https://www.surveymonkey.com/r/83F2QW8) **about the roadmap, launchpad development, and marketing strategy.** + +**From a marketing standpoint, the Shield Network team has completed the contract and payment with the Clear Channel Group for a one week New York City Times Square digital billboard advertisement that will begin TOMORROW on May 3rd. The 90 x 154 feet billboard will run for 5 minutes per hour, is located in Times Square off of 47th street, and is noted to have 157,000 impressions per week (Clear Channel statistics)! A group of community members has also self-funded a month-long billboard campaign in San Juan, Puerto Rico and will be hosting a giveaway for those that can be the first to take a selfie with the ad. Additionally, upon request from the community, the Shield Network team has setup a community-funded marketing wallet to allow for additional marketing opportunities. In just a few days, the community raised nearly $6K. The team opened a Telegram community poll to gauge how the community would prefer the funds be allocated with the expectation of making a final decision as a group during the upcoming AMA.** + +**To date, the Shield Network token has been listed on Coin Market Cap, Coin Gecko, Blockfolio, Delta App, and Stocktwits!** + +**As with any new token, the team encourages prospective investors to do their own research, learn more below, and only invest when you're comfortable doing so!** + +\----------------------------------------------- + +**What is the Shield Network project?** + +Shield Network is an upcoming project created on the Binance Smart Chain (BSC), aspiring to create a safer cryptocurrency market for everyone. The project token ($SHILD) is a deflationary currency with a 2% tax on every transaction ā€“ 1% is removed or ā€œburnedā€ from supply and 1% is redistributed amongst current holders. As with all deflationary tokens, the Shield Network token can only increase in rarity. Perhaps even rarer, the Shield Network has a central goal that extends past creating a token just like the rest. + +Shield Network strives to become the principal token-auditing platform in which every token is meticulously and methodically audited to expose scam projects, guarantee safety to investors, and instill confidence in the market as a whole. + +The Shield Network team has recognized the need and value of transparency, which led to a recent release of a [complete TechRate smart contract audit of the Shield Network token](https://www.shieldnetwork.io/wp-content/uploads/2021/04/Shield-Network-Full-Smart-Contract-Security-Audit.pdf). Moreover, the team is finalizing negotiations with Certik, the gold standard for market audits, to complete a follow-on audit sometime in May. The development team openly polled the community before committing to the Certik audit and the corresponding funds required from the developer wallet. + +&#x200B; + +**Who is the team behind the project? What is their vision?** + +The Shield Network is a dedicated team consisting of 6 developers from Norway with several others serving in a moderating capacity. Their vision is to make the cryptocurrency market a safer place for all investors. + +With the mainstream adoption of cryptocurrency, the market has been flooded with new investors who often invest with limited or non-existent knowledge of the proliferation of scam, ā€œrug-pullā€, or ā€œpump-and-dumpā€ projects. The number of these exploitative projects has grown exponentially and will continue to do so as the market expands. Failure to vet such projects would lead to a detrimental risk to new investors that would damage the perception of the cryptocurrency market. + +Shield Network foresees scam projects as a problem that will never go away, but one that can be mitigated. That is why Shield Network will be creating the first pre-launch token auditing platform that will give investors the ability to invest their money in new projects with confidence and assurance. + +In addition to building a pre-audited launch platform, the project will seek to focus on establishing and helping the community. Their intent is to provide investors with advice on how to trade and invest in a safe manner, minimize risk and losses, and ultimately, maximize gains. The team believes this to be much needed in the cryptocurrency space and hopes that their efforts will create a positive impact throughout the cryptocurrency community. + +Team doxxing remains a worthwhile concern from prospective investors, and the team has committed to doing so sometime in the future once everyone is in agreement and they're comfortable doing so on both a personal and professional level. + +&#x200B; + +**How will the Shield Network auditing platform function?** + +The Shield Network auditing platform consists of a three-tiered Shield Pad launch system: + +*Tier 1 ā€“ Guardian Launch* + +* All token projects launched in Tier 1 are guaranteed by Shield to be 100% safe. +* Projects will be required to have their lead developer undergo KYC verification to Shield. +* Projects will be audited and deployed by Shield. +* Projects will have development funds held by Shield. +* Shield will provide 24/7 developer support and a marketing manager for project launches +* *Tier 1 projects will only be accessible to new investors who hold a minimum (to be determined) number of Shield Network tokens.* + +*Tier 2 ā€“ Audited Launch* + +* All token projects launched in Tier 2 are meticulously and methodically audited by Shield. +* Projects will be required to have their lead developer undergo KYC verification to Shield. +* Project audits will ensure that the contract is safe and the tokenomics work as marketed. +* Projects will have time-locked development funds to prevent ā€œliquidity strippingā€. +* *Tier 2 projects will only be accessible to new investors who hold a minimum (to be determined) number of Shield Network tokens.* + +*Tier 3 ā€“ Decentralized Launch* + +* All token projects launched in Tier 3 are completely decentralized. Shield recommends that potential investors do their own research before investing. +* Projects will have 50% of listing fees used for Shield Network development and 50% of listing fees used for buying and burning Shield Network tokens. +* *Tier 3 projects are open to all new investors with no minimum required holding of Shield Network tokens.* + +&#x200B; + +**How is the Shield Network project valuable to investors?** + +The Shield Pad auditing platform has multi-faceted investment value. First and foremost, the Shield Pad will be a safe and trusted platform for investors to find project that have been thoroughly vetted before reaching the market. Secondly, it rewards token holders with early access to investment presales. Next, it will function as a marketing tool for new projects due to access to the large Shield Network investor base. Finally, it provides the Shield Network project with an income stream via listing fees to fund other aspects of the project. + +&#x200B; + +**What is the Shield Network tokenomics?** + +The Shield Network tokenomics are characterized by three features: + +* Auto Burn ā€“ 1% of Shield tokens in each transaction are ā€œburnedā€ or removed from circulating supply forever. +* Frictionless Staking ā€“ 1% of Shield Tokens in each transaction are redistributed amongst holders. +* Automatic Liquidity Pool (LP) ā€“ Every trade automatically contributes toward generating liquidity locked inside the Pancake Swap LP. + +Tokenomic Breakdown: + +* Total Supply = 1 Trillion +* Burned on Minting = 33% +* DxLocked = 47% +* Presale Tokens = 20% + * 80% of the presale supply will be added to the liquidity pool and locked by DxSale for 5 years. + * 20% of the presale supply will be used for marketing and expansion. + +&#x200B; + +**Whatā€™s on this yearā€™s roadmap for Shield Network?** + +**Q2** + +* Shield Network Launch +* Listing on Pancake Swap +* Website and Social Media Accounts +* Marketing Campaign +* Community Building +* Listings on Coin Market Cap, Coin Gecko, and Blockfolio +* PriceBot + +**Q3** + +* Development of Pre-Auditing Launch Pad +* Expand Team via Hiring of Additional Solidity Developers +* Marketing Push +* Establish NFT Partnerships + +**Q4** + +* Audit Contracts +* Large Marketing Campaigns +* Charity Donations +* Create NFT Marketplace + +&#x200B; + +**How can I invest in the Shield Network on PancakeSwap?** + +The Shield Network token is now available for investment on PancakeSwap using the following steps: + +* **NOTE: PancakeSwap Version 1 (old) should be selected at bottom of browser.** + +1. Buy BNB (Smart Chain) on Binance or any exchange that supports BNB (Smart Chain). +2. Send BNB (Smart Chain) to either your TrustWallet or MetaMask wallet. +3. In your wallet browser, visit [shieldnetwork.io](https://shieldnetwork.io) and click the 'Buy Now on PancakeSwap' button. +4. In the top corner of your browser, select the Binance Smart Chain Network option. +5. Connect wallet. +6. Swap any BNB (Smart Chain) amount of your choice for Shield Network (SHILD) tokens. Be sure to set slippage (gear icon for settings) to >2% to account for deflationary fees and potential price volatility. +7. After swap confirmation, a pop-up notification is seen on the page. If the transaction fails, do not panic, return to settings and increase your slippage percentage. +8. To view your Shield Network tokens, add a custom token to your TrustWallet/Metamask account by using the token contract address: 0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42 +9. Congratulations, you've purchased your tokens and are now a part of the team! + +&#x200B; + +**How can I learn more as a prospective investor/project?** + +**Website:** [https://www.shieldnetwork.io](https://www.shieldnetwork.io) + +**Telegram:** [https://t.me/shieldnetwork](https://t.me/shieldnetwork) + +**Twitter**: [https://twitter.com/shieldnetio](https://twitter.com/shieldnetio) + +**Discord:** [https://discord.gg/52MhgkNsBG](https://discord.gg/52MhgkNsBG) + +**Instagram:** [https://instagram.com/shieldnetio](https://instagram.com/shieldnetio) + +**YouTube:** [https://www.youtube.com/channel/UC9e3NXZGHxrVpudNILWLCfQ](https://www.youtube.com/channel/UC9e3NXZGHxrVpudNILWLCfQ) + +**Medium:** [https://shieldnetwork.medium.com/](https://shieldnetwork.medium.com/) + +&#x200B; + +**Shield Network Contract Address:** 0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42 + +**BSC Explorer:** [https://bscscan.com/token/0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42](https://bscscan.com/token/0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42) +I'm a holder. I reached my 'limit' only to go on to basically double the amount I've put in but I'm satisfied with what I'm holding for the long-term as a result of this, although I'm not very diversified. Even though I don't plan on selling for years I still get so distracted during work with checking prices, checking the cryptocurrency subs, reading news etc. + +So I'm wondering how traders are coping with this. Do you work your jobs during the day and spend the evening trading? I'd like to use a lil bit of BTC to try trading to make some money in between now and when I hope to take the majority of profits. +Hi Everyone -- I worked for a small family company from 2019 - Aug 2021, when the company closed down and I was laid off. Since then, the owner has kind of vanished, and the company was dissolved on state records. + +I have a REALLY bad feeling that I'm not going to get a W-2 from them to file taxes. I have my last paystub though -- will that be enough to file taxes with? + +Edited - Thank you all for the advice. Unfortunately there was no external payroll company. Everything was done through some accounting app called Peachtree, but all checks/paystubs/w2s were manually generated and hand delivered each time. + +As they have gone MIA, I'm going to expect the worst, but prepare for my conversation with the IRS. +You guys are too hateful towards Coinbase. Without them and their easy-to-use website/app Bitcoin would never be as popular as it is right now with regular people. Currently itā€™s top 10 on the App Store where I live which is awesome. + +Yes, their servers were down yesterday but you canā€™t really blame them. They had 8 times more customers than their last peak time. If you had planned a dinner for 5 people and suddenly 40 hungry people showed up, what wouldā€™ve happened? + +Hopefully theyā€™re expanding their servers right now and we wonā€™t have a problem for awhile. + +I see the server problems as a good thing, 8 times more customers than their last peak?! Weā€™re going mainstream guys, donā€™t forget to fasten your seatbelt. :) + +I know crypto is unpredictable, and nobody has any idea what tomorrow will be like, never mind years from now. But based on the current climate, and your gut, how long a bear market do you we reckon we are in for? + +Personally I think itā€™s going to be a long one, as in 2024/25 before we see any real upturn. Admittedly the next halving may speed things up a bit but Iā€™ll be very impressed if weā€™re not looking at a minimum of 2-3 years of bear. + +On the plus side, itā€™s 2-3 years to fill those bags :) + +Anyway, thatā€™s my 2 cents. Is anybody thinking longer or shorter? +Iā€™m in a position to buy a car for cash, pay off completely. + +Is there any reason why it is not the best option to do that? + +Maybe: better discount if you take finance but can pay off quickly with no penalty. +Musk said on the 9th that Tesla is unlikely to acquire another automaker, but the possibility exists to acquire a mining company. "We're not simply looking to acquire a mining company, if that's the only way to accelerate the transition to electric vehicles, then the possibility is on the table." + +10 Tesla CEO Musk said Tesla is open to acquiring a mining company if producing its own electric car metal could accelerate the adoption of clean energy technologies worldwide. What do you guys think of this news? + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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!* + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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 have a steady full-time job that pays $15/hour. currently my expenses including bills, car payment, and spending do not exceed $650 a month. That leaves me with about $1500 a month that could go to rent or savings. + +Really I'm trying to decide if I want to move out within the next January into an apartment somewhere closer to work and school (as I live pretty far away) or save as much as I can for the next year and a half to buy a tiny house. + +**edit:** I did not expect to come back to this many responses. I genuinely appreciate all the advice given. From what everyone is saying, staying with my parents (at least for a little while) is the better option. Thank you everyone! +https://twitter.com/CharlieShrem/status/890254097009565697 + +https://twitter.com/kyletorpey/status/890253492190945285 + +https://twitter.com/coindesk/status/890256080965599232 + +http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html + +https://www.fincen.gov/news/news-releases/fincen-fines-btc-e-virtual-currency-exchange-110-million-facilitating-ransomware + +https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged +*Lots of pictures for you smooth brains and even a guest appearance from* /u/dlauer *himself.* + +After a fcked TWO WEEK LONG ping pong game of "not it" TDA finally issued thousands of split shares *today,* 8/1. This was after repeatedly lying, stonewalling, pushing the blame to ComputerShare, and even trying to change the record date rules. + +Those affected had requested to DRS to CS as early as July 14th, shares werenā€™t sent until the 19th and finally settled with CS the 21st. TDA denied being responsible for providing the shares post split and made up a buuuuuulshit record date of the 26th to get off the hook. + +# ThErEs No NeEd FoR a MaNaGeR. + +# -TDA + +https://preview.redd.it/ztvp7s1e66f91.png?width=1439&format=png&auto=webp&s=4cbe22a13858ea0d88604bcb7a14c149ebb3a74a + +Shouts to /u/bestbagholder for posting about this 15 days ago. + +[https://www.reddit.com/r/Superstonk/comments/w1fbq6/gme\_record\_date\_is\_725\_gme\_had\_requested\_718\_but/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/w1fbq6/gme_record_date_is_725_gme_had_requested_718_but/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Even before the split TDA tried to say 7/25 is the due bill redemption date which overrides the company record date of 7/18. + +That last message should really blow your mind. Because these are existing shares, the ex dividend date for DUE BILLS (shares purchased 7-19-7/21) doesn't apply. How a broker can be so wrong is criminally impressive. + +https://preview.redd.it/x66fnw1j86f91.jpg?width=1083&format=pjpg&auto=webp&s=3266aa79b47d31f54aefba489694a7363f0185b0 + +When we went to ComputerShare they said this is just plain WRONG and we don't have your fookin' shares call TDA. + +TDA then claimed their internal guys were talking to ComputerShares team trying to help CS get it right because *they* should have the shares. + +# Dave Lauer has entered the chat. + +u/dlauer we love you. Thank you for taking the time and joining the chat. + +&#x200B; + +https://preview.redd.it/mk0dok4g66f91.jpg?width=1170&format=pjpg&auto=webp&s=ef1844918da9efe75055cf4b966a828704d1e410 + +&#x200B; + +# AND WHEN SHARES FINALLY SHOWED UP TODAY, A WHOLE TWO WEEKS OF STONEWALLING LATER, WHAT DID TDA HAVE TO SAY?! + +https://preview.redd.it/2d5scleh66f91.jpg?width=1440&format=pjpg&auto=webp&s=f41c4ebfb546eacc2f9fe5ca28f9caecd2ed607e + +BRUUUUUHHHHH. + +# FOR SOME REASON. + +word. + +and they tried to blame GME. + +**We've been trying to get visibility on this issue for weeks, but** ***something*** **is keeping this info from broadly getting out.** + +https://preview.redd.it/69pb0hs5a6f91.jpg?width=1170&format=pjpg&auto=webp&s=3fc451f850f3b531521a759dcb898209a070ea9a + +[https://www.reddit.com/r/Superstonk/comments/wdkdwi/dave\_lauer\_on\_twitter/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wdkdwi/dave_lauer_on_twitter/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# IF this happened to you: + +* Request a post-mortem from TDA on what happened +* Download any history of transactions, account balances, and any other actions on your account +* oh, and DRS. + +The only financial advice contained in the post is for TDA to buckle up. + +Relted posts: + +Germany, we see you. They're over here lying too. + +[https://www.reddit.com/r/Superstonk/comments/wdafma/german\_update\_20\_we\_need\_to\_dig\_deeper\_this\_is\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wdafma/german_update_20_we_need_to_dig_deeper_this_is_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/NigelVanDomik + +[https://www.reddit.com/r/Superstonk/comments/w5beef/ugh\_please\_help\_this\_isnt\_fudyou\_can\_see\_my\_post/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/w5beef/ugh_please_help_this_isnt_fudyou_can_see_my_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/bestbagholder + +[https://www.reddit.com/r/GMEOrphans/comments/wb85x4/170\_but\_missing\_my\_dividend\_cs\_and\_broker\_both/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GMEOrphans/comments/wb85x4/170_but_missing_my_dividend_cs_and_broker_both/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/EIIC + +[https://www.reddit.com/r/Superstonk/comments/wagc3k/tda\_to\_computershare\_between\_the\_18th\_and\_22nd/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wagc3k/tda_to_computershare_between_the_18th_and_22nd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/spidey_pug + +[https://www.reddit.com/r/Superstonk/comments/wbcdf5/its\_not\_just\_ibkr\_having\_problems\_td\_ameritrade/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wbcdf5/its_not_just_ibkr_having_problems_td_ameritrade/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/made_by_martin +[evening standard](https://www.google.co.uk/amp/s/www.standard.co.uk/news/uk/woman-30-on-a-40k-salary-who-lives-at-home-claims-her-parents-still-have-to-bail-her-out-each-month-a3987981.html%3famp) + +Carelessness with money or genuine dilemma? Thoughts? +Great post by Josh Brown: + +ā€œPrecisely eleven years ago today, in 2009, the stock market stopped going down. There was no reason. The dust had settled, without fanfare or any sort of official announcement. If you had polled people that day, or week or even month, most would not have agreed that we had seen the worst. The economic headlines were not improving. But there it was. And by June 1st, less than 3 months later, the stock market had climbed 41% from that March low. And even with that having happened, the majority of participants still werenā€™t clear that the dust had fully settled. That we had, in fact, seen the worst. There were still people calling us 3, 5 and 7 years later who had gone to cash and still hadnā€™t gotten back into stocks. They missed a new record-high a few years later and hundreds of percentage points in compounding on their assets.ā€ + +https://thereformedbroker.com/2020/03/09/im-here-to-remind-you/ +I've seen a few posts here with people unsure of how the FHSSS works and what benefit they actually get from it. Thought I'd post my experience to give you an insight. + +In June I decided to make some concessional contributions to be eligible for FHSSS. I had not previously made any eligible contributions so the total amount I contributed and that was eligible for FHSSS was $15,000 (all concessional) for the 2019-20 FY and was only in my super for a short time. I completed my tax return in July and requested a determination and release. I received the funds yesterday. + +**Breakdown**: + +|Contributions|$15,000|Contributions Tax (15%)|\- $2250| +|:-|:-|:-|:-| +|After Cont. Tax|$12750|Deemed Earnings|\+ $87| +|Determination Amount|$12837|Tax Withheld\*|\- $1155| +|Released Amount|$11,682||| + +*\*Tax was withheld, calculated on the Determination Amount at a rate of 9% (My Marginal Tax Rate 37% + Medicare Levy 2% - 30% Tax Offset = 9%)* + +&#x200B; + +So I received a released amount of $11,682 from contributions of $15,000. Doesn't sound so good but is not the full story as need to consider the tax deduction I received. + +&#x200B; + +|Tax Deductible Contributions|$15,000| +|:-|:-| +|Marginal Tax Rate + Medicare Levy|39%| +|Tax Benefit|$5,850| + +So my total amount at the end was $11,682 + $5,850 = $17,532, or an increase of $2,532. This was just over a period of <2 months in the super fund hence low deemed earnings, but clearly was worth it. + +Hope this helps! +How does Westpac get away with restricting access to it's HISA to under 30's, particularly in light of the new Target Market Determination regulations? + +AFAIK financial institutions have significant regulatory obligations around charging insurance premiums or HL interest rates based on age and must provide evidence that age is a relevant rating factor. + +I don't see how it can be justified for a savings account rate. +**someone fucked up and computershare exposed it all!** + +Initially going over the SEC report the first thing that popped out is the disclaimer. That it is just a report. That it doesn't really matter. + +Second the term "Generally is used over and over. + +the rise in price was organic and not a squeeze. + +Then Fractional Share Section. I never understood how you can partially own a partial ownership of something. Technically you can't. Which further proves the point you do not own what you hold in the broker. You do not even know if the little number on your app screen really represents ownership at all. Its really just cash value with a paper-trail behind it. + +Really nice move for Gary to put it in the front. + +&#x200B; + +Fractional Trading: + +some information I want to point out in the following images + +* these are all from the SEC website +* Fractional Shares give the investor the ***ABILITY*** to purchase less than one share of stock +* stocks do not trade on exchanges in units less than 1 share +* trades may only be reported to a trade facility in multiple of one share. +* Broker-dealer fractional share programs typically involve the broker-dealer maintaining a separate account in which it either aggregates customers together to form a full share (e.g., one customer buys .25 and another buys .75), or uses its own capital to purchase/sell a full share and give its customer the fraction (e.g., one customer buys .25 and the firm puts the remaining .75 into the special account to satisfy future customer fractional orders). +* Customers generally cannot transfer these factional shares to another broker-dealer +* **Some brokerage firms have indicated that they do not guarantee the liquidity of fractional shares, even if fully shares of the stock are liquid.**Ā  This means you may have difficulty selling fractional shares in certain circumstances and could potentially lose money on the investment. +* "Manning rule" (cannot purchase ahead of investor) + +&#x200B; + +[SEC REPORT 10\/14\/10](https://preview.redd.it/u8tztmuyypu71.png?width=728&format=png&auto=webp&s=f341580510159f3b708ed3d6716dfb6a01d2e4e5) + +[SEC REPORT PG.7](https://preview.redd.it/dqdi7fuyypu71.png?width=705&format=png&auto=webp&s=5ebab761c95dba7d335efffc921b825fb3861229) + +&#x200B; + +[LINK IN FOOTNOTE 17 on fractional sharing](https://preview.redd.it/zgn3dr43zpu71.png?width=580&format=png&auto=webp&s=7536008f57dfaa04a24232c1dff82f804bac8569) + +&#x200B; + +&#x200B; + +https://preview.redd.it/qr5i0huyypu71.png?width=799&format=png&auto=webp&s=54e396e237ddcccc97e7a63502166246f57653f4 + +&#x200B; + +What is a Fraction? Well its less than one? + +But can a fraction be more than one? no it cant but, i do believe a 1.0 can be lumped with a fraction, to make it a fraction. Ill explain. + +Lets define Fraction as: 0>1.0 (less than one greater than 0) + +and also: <1.0 ( greater than one) but not equal to whole numbers + +&#x200B; + +lets take a dive into the way I bought GME and the way the order was executed. + +My very first TRADE of GME Stock + +&#x200B; + +[This is how I placed my TRADE through the Robinhood App. 1 order 1 transaction. Nothing fishy right? Keep this in mind.](https://preview.redd.it/v8cqhk4mlou71.png?width=776&format=png&auto=webp&s=a0b59217abcfa73f960b4683a45970b3127594af) + +&#x200B; + +&#x200B; + +[RH Statement which shows how my TRADE was executed. Nothing? ](https://preview.redd.it/g6thcpodmou71.png?width=960&format=png&auto=webp&s=da457f384a1942c589069300f289e77f8d85e9b2) + +&#x200B; + +Here's my Next Purchase of GME the same Day + +&#x200B; + +https://preview.redd.it/sgcdurm8oou71.png?width=760&format=png&auto=webp&s=145381cad6cc8b137ce2cf5bc5d3ac054ad7017f + +&#x200B; + +[I left the previous purchase so you can see it. Do you see the problem with this picture?](https://preview.redd.it/8klcekploou71.png?width=1051&format=png&auto=webp&s=f74add14bc7a5a74863744472f539aaafb41b968) + +The Second Trade is broken down into two transactions. (1) for .99928 share + (1) for .232417=1.231697 + +Fractions gives me the ABILITY to buy fractions, not the obligation to benefit the broker. + +So what's wrong? Two transactions doesn't seem out of the ordinary I guess, I mean it equals the same amount of shares. + +WRONG the problem is this: Remember that Robinhood has to keep a separate account for fractional shares. That meaning I don't get my one share + some. **I get two shares both not equal to one. I don't get credited my share. In reality, RobinHood puts that money into an account and DOES NOT HAVE to buy this share until they have an exact match to close it. This amounts to (2) fractional shares for them to manipulate.** + +**If robinhood is for the investors they would have put this as 1.0 share + .231697 share so I am holding at least one whole share, especially if they know fractional shares are "not as valuable or liquid as Fractional shares".** + +Theory that RH trades down to the .xxxxxx + +1. because its harder to match. + +2. Trading down to the .xxxxxx fraction can take the value of the asset to the sub penny- deeming unable to trade on the lit market. + +Now How about that first TRADE. That TRADE now stinks. I dont see two transactions. There is one. Not one for a whole share. This is where I determine 1 share is batched with a fraction. It doesnt have to be purchased and the money then goes to an account. + +What the fuck is going on here? Listen with me as Fidelity and Robinhood clear the air: + + disclaimer: this was a device that just happened to be recording while I was on the phone. Unable to transfer. I video recorded them, please mind the editing and quality. entertainment purposes onlyšŸ˜‰ + +[RobinHood: :57, 1:30, 1:48, 2:07, 2:13, 3:33 Cash, 4:15 Cash, 6:40, 7:00 cash](https://reddit.com/link/qcigha/video/d58adt3i4pu71/player) + +&#x200B; + +[Fidelity 3:38 3rd party visas, 4:12, 4:25](https://reddit.com/link/qcigha/video/dknfl7lx9pu71/player) + +So we can kind of clearly hear that cash was traded over to look like whole shares! Robinhood was **NOT** selling fractional shares to **BUY** whole shares to transfer to Fidelity. Fidelity was taking them in the back office and making them look like whole shares in the front office. This is market manipulation and collusion to drive down the price. RobinHood did not buy my shares when I purchased them. They busted them up as fractional shares and put the money into 3rd party visas. ***True synthetic shares***. able to trade any way they please. + +&#x200B; + +&#x200B; + +[This was honestly my first time seeing something weird. Notice the GME Transfer 9\/29 from Rh-\>Fidelity is for \(cash\). I asked if this was cash instead of shares when I saw this and the question on \(call to transfer to computer share\)10\/04\/21 was brushed off. I didn't bring it back up](https://preview.redd.it/he5i6wqmepu71.png?width=1910&format=png&auto=webp&s=ee45b81930fa4e5b627c409f871a3c74c79f6a92) + +all of my purchases and sales of gme from robinhood so they can be compared to computershare + +|My RH Order|execution per Robinhood statement| +|:-|:-| +|8/26/21 (1.994947 share) Settle-8/30/21 @ $203.85|1 order (1.994947 share)| +|8/26/21 (1.231697 Share) Settle 8/30/21 @ $204.51|2 orders (.99928 share) + (.232417 share)| +|8/27/21 (.493205 share) Settle-8/31/2021 @ $201.64|1 0rder (.493205 share)| +|8/30/21 (1.024489 share) Settle-9/01/21 @ 213.77|2 orders (1) + (.024489 share) šŸ‘€ later...| +|8/31/21 (.436097 Share) Settle-9/01/21 @ $213.26 |1 order (.436097 share)| +|9/08/21 (1 share) Settle-9/10/21 @ $182.80|1 order ( 1 share)| +|6.180435 total share|| +|Sell 9/10/21 (3 shares) Settle (9/14/21)|1 order ( 3 share )| +|3.180435 total share || +| 9/15/21 (1 share) Settle-9/17/21 @ $197.36|1 order (1 share)| +|4.180435 Total share|| +|9/24/21 ACAT tranfer to Fidelity|| + +On 9/21/21 I began the process of transferring my assets to Fidelity. From Fidelity I transferred 3 of my shares to Computershare. Planning on leaving one to sell out of Fidelity in a MOASS situation. my remaining share has already begun the process of moving into the nest. + +BTW: robinhood made me sell my .180435 share because they apparently don't transfer fractional. + +Here's how my shares are now being held at Computer Share because this is how ROBINHOOD sent them to Fidelity. Robinhood doesn't know how this happened! With the First date being almost a month before I ever traded GME + +[Computer share stocks. transferred from Robinhood to Fidelity to Computershare](https://preview.redd.it/fhn33b3tdpu71.png?width=1920&format=png&auto=webp&s=57e13791a89228f88d01771c5ae3e956f3b42d29) + +Ill leave with these behind me + +[quite the situation](https://reddit.com/link/qcigha/video/j2s1o1ectpu71/player) + +&#x200B; + +[make a call](https://reddit.com/link/qcigha/video/rp6ir69fvpu71/player) + +&#x200B; + +[poof they're gone.](https://reddit.com/link/qcigha/video/0eaxieotwpu71/player) + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +not financial advice +Just keep in mind this is not the same sub as r/personalfinance. A lot of us came here because it's alienating to be in r/pf. + +We're trying, but keep in mind not to get condescending or judgemental with us. A lot of people are great here, but I've also seen people advised not to start an emergency fund until credit cards are all paid off and get condescending about savings. When I click on post histories and see you're a regular of r/pf and post about how much $$$$$ you have, I see where the disconnect is. + +Before you post about how great credit unions are, for example, keep in mind most credit unions use Chexsystems and a large amount of people in poverty are barred from access to banks and credit unions alike, which is why Chime, Simple, and prepaid cards are a big industry. + +We're glad you're here, but keep in mind that people in here may not be at the stage you're at. Most of us can't even imagine buying a house yet-I'd wager a lot of us are just thankfully counting the years we haven't been homeless again. + + +# [Evergrandeā€™s Unconfirmable Interest Payments, The Silent Paying Agent, The Roaring Helicopter And The Parable Of The Rich Fool](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +[November 05, 2021](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +By Stan Szymanski + +Two weeks ago, the financial press reported that at the 11th hour, Evergrande, the second largest Chinese Real Estate Developer, [made its past due interest payment](https://edition.cnn.com/2021/10/22/investing/evergrande-stock-debt-bond-payment-intl-hnk/index.html) one day before the ratings agencies would have declared the Company bankrupt for being in arrears for 30 days to bondholders. + +Then, a week later, Evergrande pulled a rabbit out of their hat for an encore with the [ā€˜journalistsā€™ who cover the business of money proclaiming that Evergrande paid the second past due interest payment](https://www.forbes.com/sites/ywang/2021/10/29/evergrande-averts-default-again-but-more-interest-payments-are-on-the-horizon/?sh=60a2970e51b4) just before they would be baptized as bankrupt. + +Last week I wrote [ā€˜Dr. Marco Metzler: Evergrande Missed Second Past Due Interest Payment In A Week-Is Bankrupt-Could Drag Down Real Estate Sector/HSBC & World Financial System](https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255)ā€™ detailing the work of Dr. Metzler who says that the company did not respond to his firmā€™s request for positive confirmation of the payment(s). With the supposed and reported making of these payments-promulgated by the media, the beleaguered company should have their investor relations department broadcasting this to the entire world, who by the way, is watching. But they donā€™t. Dr. Metzler got -no- confirmation from Evergrande regarding the proof of their payment. Not from them, not from any rating agency. According to Dr. Metzler in a press release referenced in my articleā€¦*ā€™the bankruptcy has apparently already technically occurred*ā€™. + +On September 21, 2021, before the company was past due on its interest payments, ā€˜China ā€˜[Evergrande Inches Close To Default Deadline, Investors Wait](https://www.nasdaq.com/articles/china-evergrande-inches-close-to-default-deadline-investors-wait-2021-09-21)ā€™ appeared at [nasdaq.com](http://nasdaq.com/).Ā  + +As we now know, that claim was a fallacy as Evergrande missed that payment. In reading the article, the contributors at nasdaq clearly described the bond issues: ā€¦ā€™*A major test for Evergrande comes this week, with the firm due to pay $83.5 million in interest relating to its March 2022 bond VG158043114= on Thursday. It has another $47.5 million payment due on Sept. 29 for March 2024 notes VG158786753=.ā€™ā€¦* + +This details enough information about the bonds so there can be no mistaking exactly which securities are in question. As is further detailed on the nasdaq articleā€¦ā€™*Citigroup Inc C.N subsidiaries serve as trustee and payment agent for a China Evergrande bond VG158043114= that matures in March 2022 and has $83.5 million in interest coming due on Thursday..ā€™ā€¦* + +So we know that Citibank is the paying agent for at least one of the Evergrande bonds. + +At one time bonds were a real part of my life. After coming out of school in the early eighties, it was a bit tough to find a decent job as Pittsburgh PA. was really in a depression with tens of thousands leaving the ā€˜City Of Championsā€™ to find gainful employment, mainly because of the steel mills closing. I was fortunate to find a modest, but stable job at the Pittsburgh branch of the Federal Reserve Bank in the Check department. Not too long afterward I moved to the ā€˜non-cashā€™ department. ā€˜Non-cash basically means bonds. I started out processing coupons that were being redeemed from bearer municipal bonds. Later, I worked the non-cash desk being responsible for taking in and processing the actual bonds. I am relating this story because most people in the brokerage business have never actually read a physical bond that they could hold in their hands. But I did. I made a point of reading through the covenants on the bonds and could actually see that the ā€˜paying agentā€™ was part of the covenant of the bond. + +Of course today, what do investors get when they buy a bond? They only get a digital notification of the title of the bond, the interest rate and when it is due. There is actually a lot more to the ā€˜promisesā€™ in a bond covenant but does anyone honor those anymore? Less and less do we see the honoring of covenants whether it is between God and man or between corporations and bondholders. + +So this is why I am aware of things like the paying agent for a bond. I thank the folks at nasdaq for providing us which some of the information necessary to identify the bond issue and especially for identifying the paying agent, who in this case is Citibank. + +**So, just as Dr. Metzler tried to get information from Evergrande and the rating agencies about the authenticity of the alleged interest payments, so too, I tried to obtain the veracity of the media claims of remittance of interest and principle when due to bondholders which should be available from the paying agent.** + +**So very early on the 3rd of November 2021 I sent an email to Ms.Ā Danielle Romero-Apsilos, a spokesperson of some tenure at Citi. Later on in the day, I sent an email inquiry to Citi Fixed Income Investor Relations. Somewhat later, I placed a phone call to Citi Fixed Income Investor Relations as well. I received no correspondence in return from any of my attempts to obtain information that one should be able to readily retrieve from a bond paying agent.** + +**So, I failed, but I succeeded. I failed in getting any confirmation from the paying agent about any authenticity as to the mediaā€™s claims. I succeeded in further confirming the work of Dr. Metzler who also shared that he could not come by any information to verify that the interest payments had been made from what should be a reputable resource, mainly the company Evergrande itself.** + +If I am contacted by Citi I will post that I was contacted and the resulting info, if any, at the EA blog. + +The financial media has acted with subterfuge and the actual responsible parties who should be able to unequivocally provide the truth in this matter (the company and the paying agent) are silent in the face of public questions. + +I would like to share that shortly after I placed the phone call to Citi Fixed Income Investor Relations that a roaring helicopter flew directly over my little house located half way to the middle of nowhere at approximately 75 feet AGL (Above Ground Level). Iā€™m sure that this was just a coincidence (now turn off sarcasm). I also had this happen this year after I wrote ā€˜[Dr. David Martin, CEO Mā€¢CAM Illuminates What Big Pharma Knew, When They Knew It and the case for RICO](https://www.encouragingangels.org/new-blog/2021/7/14/02ylny314f3bx6xa5f4efxvgzqomjn)ā€™. It was the same deal; helicopter in the middle of the afternoon, while I was outside flying approximately 75 feet AGL over the house.Ā  + +**If the company wonā€™t tell Dr. Metzler the answers to his questions-If the paying agent wonā€™t respond to inquiry-Should all investors not be utterly concerned about their investments (this is not financial advice-consult your financial advisor)? If the corporate financial media is unwilling to question the conventional narrative-should you trust them? If you cannot trust the financial media-how will you make decisions when it comes to investing and protecting what you have worked so hard to accumulate?**Ā  + +**JUST HOW BAD IS THE EVERGRANDE SITUATION? Why arenā€™t the large financial media companies and journalists doing what Dr. Metzler and I are doing by simply asking pointed questions to the appropriately responsible parties?**Ā Evergrande is bankrupt according to Dr. Metzler. Whatā€™s the worst that could happen to you in an Evergrande collapse? [Dr. Metzler has shared how a global contagion my happen](https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255) if Evergrande goes down. + +[https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +&#x200B; + +**Now the media is slowly dripping little nuggets of truth...** + +# Some investors have not received Evergrande unit's bond interest due Nov 6, say sources + +**By** **Clare Jim** **and** **Andrew Galbraith** + +November 8, 2021 + +&#x200B; + +[ Evergrande Group in Shenzhen, Guangdong province, China ](https://preview.redd.it/hh2qxhi9zdy71.png?width=960&format=png&auto=webp&s=e2a919a6348bb5c72fd36b2fb3771e50d96a85cc) + +HONG KONG/SHANGHAI, Nov 8 (Reuters) - Some holders of offshore bonds issued by a unit of developer China Evergrande Group [**(3333.HK)**](https://www.reuters.com/companies/3333.HK) had not received interest payments due on Nov. 6 by Monday evening in Asia, two people familiar with the matter said. + +Scenery Journey Ltd was due to make semi-annual coupon payments on Saturday worth a combined $82.49 million on its 13% November 2022 and 13.75% November 2023 U.S. dollar bonds. , + +Non-payment of interest by Nov. 6 would have kicked off a 30-day grace period for payment. + +Twice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by paying coupons just before the expiration of their grace periods. + +One such period expires on Wednesday, Nov. 10, for more than $148 million in coupon payments that had been due on Oct. 11. Evergrande is also due to make coupon payments totalling more than $255 million on its June 2023 and 2025 bonds on Dec. 28. + +A spokesperson for Evergrande did not immediately respond to a request for comment. The sources could not be named as they were not authorised to speak to the media. + +Reuters was unable to determine whether Evergrande has told bondholders what it planned to do regarding the coupon payment due on Saturday. + +BONDS, SHARES FALL + +Evergrande's shares edged lower on Monday, finishing the day down 0.9%. They have fallen nearly 85% this year. Duration Finance data showed the company's dollar bonds continuing to trade at discounts of about 75% from their face value on Monday. + +Once China's top-selling developer, Evergrande has been reeling under more than $300 billion in liabilities, and its liquidity woes have reverberated across the country's $5 trillion property sector, prompting a string of offshore debt defaults, credit rating downgrades and sell-offs in the developers' shares and bonds in recent weeks. + +Spreads on Chinese corporate high-yield dollar debt [**(.MERACYC)**](https://www.reuters.com/quote/.MERACYC) widened to record highs on Friday, and on Monday Shanghai Stock Exchange data showed developers' bonds once again dominating the list of the day's biggest losers. One yuan bond issued by an onshore unit of Shimao Group [**(0813.HK)**](https://www.reuters.com/companies/0813.HK) was suspended from trade after falling more than 34%. + +Falls even extended to investment-grade names. Tradeweb data showed a 4.75% January 2030 bond issued by a unit of Sino-Ocean Group Holding [**(3377.HK)**](https://www.reuters.com/companies/3377.HK) fell nearly 15% on Monday to just above 75 cents. Sino-Ocean is rated "BBB-" by Fitch Ratings and has a "Baa3" rating from Moody's Investors Service. + +Nomura economists Ting Lu and Jing Wang said in a note that they expected "much higher" repayment pressures on developers in the coming quarters, almost doubling from $10.2 billion in the fourth quarter of 2021 to $19.8 billion and $18.5 billion in the first and second quarters of 2022, respectively. + +"With the worsening property sector, we might see a rebound of defaults onshore by developers, and bond prices in onshore and offshore markets may increasingly impact one another as investors are on alert," they said. + +"We believe regulators are likely to step up efforts to avoid rising defaults in China's (offshore commercial dollar bond) market." + +Regulators in October told developers to proactively prepare for repayment of both principal and interest on their foreign bonds and to "jointly maintain their own reputations and the overall order of the market." [**read more**](https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/) [**https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/**](https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/) + +[**https://www.reuters.com/business/some-evergrande-units-offshore-bondholders-have-not-got-interest-due-nov-6-say-2021-11-08/**](https://www.reuters.com/business/some-evergrande-units-offshore-bondholders-have-not-got-interest-due-nov-6-say-2021-11-08/) + +&#x200B; + +**EDIT:** I have removed the religious connotations of the post because it seems to have triggered some folks...could be shills? This is information sharing, nothing more and nothing less. Stan Szymanski's blog, I have followed ever since he started posting about the Evergrande crisis there because it has good information. The fact Stan is a religious man (just like myself) seems to be a contentious point however it's a blog called "Encouraging Angels" - it's message is "disability awareness through music, media and witness". + +&#x200B; + +&#x200B; +SO comes back with a whole gallon of it. We don't drink it with the exception of little in one cup of coffee (for me) each day. + +Half of it will go bad at that rate. It's 2% milk. What can I make with it?? Thanks. + +Edit: You all rock on here. Great suggestions! +Lately our family has been considering installing a residential solar system to cover most of our home electricity needs, and it got me thinking about the relationship between being financially responsible and environmentally responsible. [After buying a Chevy Volt and adding 1,000 square feet to our house](https://www.reddit.com/r/financialindependence/comments/b44qvp/four_year_update/), we suddenly find ourselves paying a lot more in electricity than we were before, and then realized that we could both lower that bill and significantly reduce our carbon footprint by going solar. + +Back of the envelope calculations: current cost to install solar is \~$3.00/watt, so 10kW system would be $30k. The 30% ITC tax credit reduces initial cost to $21k. Payback period given average production of a 10kW system with \~$.11/kW utility pricing is \~**12 years**; your mileage may vary depending on your location and local tax incentives. + +Over 30 years, such a system would produce \~$50k of power, or about **$30k** net after installation costs. If you have to finance it (we're considering a cash out refinance on our mortgage), then given today's low interest rates, basically cut that in half. Admittedly, those returns over 30 years are...well, better than wasting it on avocado toast, but obviously nothing compared to an index fund. You should still invest in both tax advantaged and taxable accounts to build up a nest egg - but I think it's worth considering (especially for privileged folks like us) a few little projects like this that can both save a little money and help mitigate the effects of climate change. + +Of course, some people take this too far, in my opinion, to the point of sacrificing their financial security in order to be on the bleeding edge of environmental tech. I've got friends with multiple Teslas and solar installations in houses they don't live in for the long-term; I admire their principles because they view climate change as a bigger threat than their pocketbook, but I just personally can't help but try to make some kind of financial sense out of the decisions I make. + +Where do y'all land on balancing FIRE and environmental principles? Do you see them as working together, or opposed in some cases? +I created an algo that scans the most popular trading sub-reddits and logs the tickers mentioned in due-diligence or discussion-styled posts. Instead of scanning for how many times each ticker was mentioned in a comment, I logged how popular the post was among the sub-reddit. Essentially if it makes it to the 'hot' page, regardless of the subreddit, then it will most likely be on this list. There are two parts to this post. The first is for posts that were submitted in the most active trading sub-reddits (such as this one), and the second part has the most mentioned tickers from the WSB sub-reddit. + +**How is "Hype" calculated?** + +Well, this is a little tricky but it's based on the engagement that the post received in that sub-reddit relative to other posts in the same sub-reddit + +**How can I use this list?** + +The best way to use this data is to learn about new tickers that might be trending. As an example, I probably would have never known about the ARK etfs, or even Palantir, until they started trending on Reddit. This gives many people an opportunity to learn about these stocks and decide if they want to invest in them or not. The data on this list is limited to one post per ticker. I've taken the most 'popular' post for that ticker on whichever sub-reddit it may have been. What I've found is that normally if tickers begin to trend on one sub-reddit then generally-speaking there will be posts for the same ticker on various other sub-reddits. Here's the data from the last week. + +# Most Hyped Stock Threads + +&#x200B; + +|Title|Tickers|Avg Hype %| +|:-|:-|:-| +|[GME shorts get crushed as explained by Cramer ... big WSB shout out, the first of two in the show tonight](https://www.reddit.com/r/wallstreetbets/comments/kxhitu/gme_shorts_get_crushed_as_explained_by_cramer_big/)|GME|300+%| +|[Tesla passes Facebook to become fifth most valuable U.S. company](https://www.reddit.com/r/stocks/comments/kt4dsy/tesla_passes_facebook_to_become_fifth_most/)|FB, TSLA|300+%| +|[Citi wants a war? Letā€™s give them a war! PLTR ](https://www.reddit.com/r/wallstreetbets/comments/kwhxx3/citi_wants_a_war_lets_give_them_a_war_pltr/)|PLTR|300+%| +|[ARKX. ARK invest Space Exploration ETF. SEC Filiing below](https://www.reddit.com/r/stocks/comments/kwr7ef/arkx_ark_invest_space_exploration_etf_sec_filiing/)|ARKW, ARKF, ARKK, ARKG|300+%| +|[Nio Is the Next Tesla, Jim Cramer Says](https://www.reddit.com/r/stocks/comments/kvetxt/nio_is_the_next_tesla_jim_cramer_says/)|TSLA, NIO|300+%| +|[NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles](https://www.reddit.com/r/stocks/comments/ktrnpo/nio_partners_with_nvidia_to_develop_a_new/)|NVDA, NIO|300+%| +|[Looks like Hyundai IS doing a joint partnership with Apple for the Apple car. Time to buy GOEV.](https://www.reddit.com/r/stocks/comments/kv3xli/looks_like_hyundai_is_doing_a_joint_partnership/)|AAPL|300+%| +|[Intel Gains 9% as CEO Bob Swan to step down Feb. 15, CNBC says](https://www.reddit.com/r/investing/comments/kwh7hg/intel_gains_9_as_ceo_bob_swan_to_step_down_feb_15/)|INTC|300+%| +|[NIO DAY HIGHLIGHTS](https://www.reddit.com/r/stocks/comments/ktq03r/nio_day_highlights/)|NIO|300+%| +|[Lemonade Insurance: A Full Blown Bubble?](https://www.reddit.com/r/investing/comments/kw1ssd/lemonade_insurance_a_full_blown_bubble/)|LMND|300+%| +|[Sold a covered call on $PLUG earlier in the week and now it's deep ITM](https://www.reddit.com/r/thetagang/comments/kt3026/sold_a_covered_call_on_plug_earlier_in_the_week/)|PLUG|300+%| +|[Amazon Stock Price Target Prediction & Analysis \[DCF, Fundamental & Tehnical\]](https://www.reddit.com/r/StockMarket/comments/kxwje8/amazon_stock_price_target_prediction_analysis_dcf/)|AMZN|300+%| +|[Boeing 737 missing after take off in Indonesia](https://www.reddit.com/r/stocks/comments/ktp3wm/boeing_737_missing_after_take_off_in_indonesia/)|BA|297%| +|[$TWTR down afterhours following donald trump ban](https://www.reddit.com/r/options/comments/ktiysz/twtr_down_afterhours_following_donald_trump_ban/)|TWTR|290%| +|[Walmart to create fintech start-up with investment firm behind RH](https://www.reddit.com/r/investing/comments/kvcihl/walmart_to_create_fintech_startup_with_investment/)|WMT|187%| +|[Took GM 50 years to come up with this? So bad its bullish](https://www.reddit.com/r/wallstreetbets/comments/ktm80t/took_gm_50_years_to_come_up_with_this_so_bad_its/)|GM|183%| +|[Tesla's Model Y wins 5-star safety rating from NHTSA](https://www.reddit.com/r/stocks/comments/kx6mkw/teslas_model_y_wins_5star_safety_rating_from_nhtsa/)|TSLA|171%| +|[I am the GME Oracle](https://www.reddit.com/r/wallstreetbets/comments/kxdout/i_am_the_gme_oracle/)|ORCL, GME|165%| +|[ARKG or ARKK for long term gains?](https://www.reddit.com/r/investing/comments/ktmnxn/arkg_or_arkk_for_long_term_gains/)|ARKK, ARKG|161%| +|[\[Report\] Goldman Sachs is trying to dump 38M shares of Uber. The sellers are unknown, but Bloomberg points to 9 large holders led by SoftBan...](https://www.reddit.com/r/investing/comments/ktu0we/report_goldman_sachs_is_trying_to_dump_38m_shares/)|UBER|159%| +|[Silver, way more than just a precious metal and an incredible investment opportunity](https://www.reddit.com/r/investing/comments/kvs2ow/silver_way_more_than_just_a_precious_metal_and_an/)|SLV|145%| +|[Shorted spy for Monday](https://www.reddit.com/r/options/comments/ktfxa3/shorted_spy_for_monday/)|SPY|98%| +|[ā€œA CBS interview with Tim Cook will reportedly bring a huge announcement from Apple on Wednesday.ā€](https://www.reddit.com/r/wallstreetbets/comments/kvz7t0/a_cbs_interview_with_tim_cook_will_reportedly/)|AAPL|82%| +|[PTON value is out of control](https://www.reddit.com/r/investing/comments/kvx234/pton_value_is_out_of_control/)|PTON|73%| +|[PSA: BlackBerry (BB), GME's forgotten... cousin? IV off the roof!!!](https://www.reddit.com/r/thetagang/comments/kxivci/psa_blackberry_bb_gmes_forgotten_cousin_iv_off/)|BB, GME|72%| +|[Visa abandons takeover of Plaid after DOJ raises antitrust concerns](https://www.reddit.com/r/investing/comments/kwae77/visa_abandons_takeover_of_plaid_after_doj_raises/)|V|69%| +|[Continuing our investing journey from PLTR to DTIL](https://www.reddit.com/r/stocks/comments/kxwq2t/continuing_our_investing_journey_from_pltr_to_dtil/)|DTIL, PLTR|61%| +|[Call Options on Ford](https://www.reddit.com/r/options/comments/ksqqxo/call_options_on_ford/)|F|59%| +|[Alibaba (BABA) is on steroids!](https://www.reddit.com/r/stocks/comments/kxepm4/alibaba_baba_is_on_steroids/)|BABA|55%| +|[MSFT, APPL, GOOGL - worth holding all of them?](https://www.reddit.com/r/stocks/comments/kwf6yh/msft_appl_googl_worth_holding_all_of_them/)|GOOGL|51%| + +&#x200B; + +# WallStreetBets - Most Mention Equities This Week + +&#x200B; + +|Ticker|Comments|Bullish %| +|:-|:-|:-| +|GME - Gamestop Corporation - Class A|18,694|89%| +|TSLA - Tesla Inc|13,820|80%| +|NIO - NIO Inc - ADR|4,956|77%| +|PLTR - Palantir Technologies|4,567|89%| +|AAPL - Apple Inc|4,278|82%| +|PLUG - Plug Power Inc|2,947|85%| +|BABA - Alibaba Group|1,485|87%| +|AMZN - Amazon.com Inc.|1,307|82%| +|AMD - Advanced Micro...|1,286|88%| +|FB - Facebook Inc - Class A|930|81%| +|WISH - ContextLogic|922|86%| +|PSTH - Pershing Square|830|100%| +|TLRY - Tilray Inc - Class 2|824|94%| +|SPCE - Virgin Galactic|666|94%| +|APHA - Aphria Inc|622|96%| +|BA - Boeing Co.|616|66%| +|ARKG - ARK ETF|603|90%| +|BB - BlackBerry Ltd|574|92%| +|MT - ArcelorMittal|521|94%| + +&#x200B; +Ok Iā€™m finally DRSing my shares šŸ™„ (Last In First Out) I mean only because of the SIPC of $500k which would totally fuck me when this shit moons. He put me on hold and did the whole ā€œyour shares are not being lent out and theyā€™re under your name, etcā€ He has me on hold again to ā€œcheck something on my sharesā€ which I hope they fucking have! šŸ˜‚ + +Update 1: ā€œmy system is not allowing me to do the transfer Iā€™ll have to have one of my co-workers help assist me with this, when I come back from putting you on hodl (for the third time) there will be someone else on the phone conversation with us.ā€ + +Update 2: [They still have me on hodl šŸ™„ ](https://imgur.com/a/jWFdn4X) + +Update 3: ok itā€™s finally all complete, the lady they transferred me over to was very professional and swift with it, her voice was very pleasant as well. So I transferred 90% of my shares lol. I didnā€™t wanna unlock the float lol. But surprisingly weird thing was she told me the transfer should take me only 4-5 business days. +Most of you might already know but seems like market volatility is a given for the next 7 months till the new govt is formed. I saw a CLSA report, sorry but it is paywalled, in the business standard that of all the four scenarios, 3 would lead to market fall. They have assigned some probabilities but it is pure guesswork at this stage. Scenarios are: + +1. Modi, full majority: Low probability. Market goes up +2. Modi, reduced majority or coalition: Current market expectation. Market falls but not much. +3. Congress, strong coalition: Low probability. Falls +4. Weak 3rd Front: Medium probability. Falls. + +I am thinking of buying NIFTY puts expiring on June-19. What do you guys say? +I clearly remember I invested in Edelweiss Greater china equity off shore Fund when it didn't had exit load couple of years ago now when I am reviewing the performance it shows Edit load is this common +I'm planning to have exposure to US equity markets, and so far have narrowed down to direct investment or through mutual funds like Motilal Oswal Nasdaq 100. However I'm not sure if I would be exposed to currency risks by investing in mutual funds who invest in US markets. I'm planning to invest for long term (20 years minimum) and I need to plan on the investing method based on if I would be exposed to currency risks. + +Thanks! + +On side note : Does anyone have experience of investing through Interactive Brokers ? + +Edit : There seems to be some confusion so I'll give an example. + +Investing through FoF : Say I invest ā‚¹7500 in Motilal N100 in 2021, and after five years NASDAQ has doubled giving 100% absolute returns. Meanwhile dollar has appreciated to Rs 90 from Rs 75. +So what would be my mutual fund investment value in such case ? +ā‚¹15000 or ā‚¹18000. + + +Edit 2 : Its seems my wording was a bit wrong with calling it a currency risk. I'm just looking to use the USDINR appreciation to my advantage in my long term international portfolio. +Hi, + +Iā€™ll be moving to UK and planning to continue some equity investment in India if it is tax friendly. Will be an NRI in the next tax year. Trying to understand the same. + +1. I see that LTCG (equity) over 1L is taxed at 10% in India. Are the capital gains in India also considered as taxable income in UK? There seems to be a double taxation treaty. Where do I have to pay taxes - India or UK or both? + +2. Down the line, if I become UK permanent resident, does point 1 change? What about citizen? + +[salary not investment] +3. Iā€™ll have some Indian income in the coming FY for about 3mo and rest UK income. Company will deduct TDS. Do I have to pay taxes on this income in UK? If so, I should also be able to claim refund for India TDS in the UK? +Slight background, going from about 170k a year to about 70k. My current job is a traveling rotational job that demands me to be away from home for long periods of time. The new job is five minutes from home, get to go home every night, but with a very new and expanding company that has an unknown back around. + +Has anyone else taken this kind of pay cut to be home every night and not regretted it? I don't mind my current job, I quite enjoy it while I'm working, but I'm just sick of missing all the birthdays, weekend camping trips, quality time with my wife, etc. + +Edit: This blew up a lot more than I expected it to. I'm trying to keep up, but in the mean time, some more backaround. I would be giving up a very niche line of work, with very few cross over skills (I won't bore with the details). Our budget would work out just fine when it comes to day to day living expenses, but our recreational budget would be slashed. We do quite a bit of world wide traveling and that would have to be cut down dramatically. I have been saving over half my income towards retirement, to maybe the average of 5-7%. +Hello all - + + +Before I begin, let me first apologize if this is not the best sub to ask this question; it seemed more likely that someone here might have some insight. I will happily accept suggestions as to more appropriate places to ask. + +&#x200B; + +My spouse and I have an opportunity to invest in a real estate subscription being offered by a colleague, who we trust both professionally and personally. I have looked over the paperwork, and there is the expected section declaring it open to accredited investors, which we currently are not. + +&#x200B; + +However, there is a section which states that: + +>The Investor falls within none of the foregoing categories, but alone, or with the help of a +> +>purchaser representative, has such knowledge and experience in financial and business matters +> +>that the Investor, or the Investorā€™s representative, is capable of evaluating the merits and risks of +> +>any investments. + + +&#x200B; + +I had never come across this exception before. We are comfortable with the investment, with the amount we are putting in, and honestly we missed the income cutoff by about $4,000 in 2017 - for all intents and purposes, I consider ourselves in an appropriate place to make this decision. + +&#x200B; + +Has anyone else ever seen wording to this effect before? +[https://clients3.weblink.com.au/pdf/88E/02360459.pdf](https://clients3.weblink.com.au/pdf/88E/02360459.pdf) + +88 Energy Ltd just released an update to their current operation + +Highlights: + +ā€¢ Initial petrophysical interpretation indicates several potential pay zones in Merlin-1 + +ā€¢ New prospective horizon identified at Project Peregrine + +ā€¢ Operational issues prevent hydrocarbon samples from two most prospective zones + +# Good news: + +It is pretty clear that the first results are good. This is how David Wall responded to it: + +https://preview.redd.it/j0k8eeybtfr61.png?width=838&format=png&auto=webp&s=a956b08cdaf4739212d6d655a7e60f327b2011eb + +# Bad news: + +Short term gains are out of the picture. There, I said it. The only real bad news is of course the operational issues that occured. We don't know what's left down there. Only 1 of the three prospects has been analysed but the other 2 were the most promising ones. Right now they will not be able to continue the operation since the temperature is rising and drilling in Alaska can only be done in the winter. + +# 88 Energy's future and (small) catalyst coming: + +This news is bad for those who were in for the short term. If you were holding this stock for 1+ year anyway, this doesn't seem to be bad news at all. It is painful for me too, as i was planning on selling relatively quickly too. Right now, it's important for all shareholders to re-evaluate their exit strategies. There is hardly any doubt that we have a pretty red day ahead. Only time will tell how red it will be. I'm also curious to see what the media will say about this. + +There is just 1 small catalyst incoming though: + +https://preview.redd.it/xo80ouwgvfr61.png?width=841&format=png&auto=webp&s=223d2e0c05962f78c3c4880dc31057499338cf0e + +Hopefully we will get the results pretty soon, as I believe (correct me if i'm wrong) testing oil quality is not the most complex process. The quality of the oil will be quite important for the profitability of the well. + +# Conclusion: + +* Bad news for short term holders +* (Moderately) good news for long term holders +* Oil quality testing -> possible catalyst coming soon. +I'm a 33F and have never moved out of my parents house, so I've managed to save about $200K. I'm having a crisis still living at home and would love to invest in real estate but I live in Cali (LA area) so it's impossible trying to buy property here right now. + +I only earn about $60K before taxes. What is the wisest way to invest my savings into real estate? Something that will allow me to move out of mom's house without blowing all my savings on rent. I would prefer not to move out of state, but I'm open to buying a rental property out of state if it makes sense. + +I must reiterate that I am not smart AT ALL. It is very difficult for me to retain any information I learn and to understand concepts in general. So go easy on me please. +Hi fatFire, + +&#x200B; + +I got lucky with an investment in a startup I bought for 50k$ a couple of years ago. It's now worth around 1M, so it's a significant portion of my net worth. The founders themselves have 90%+ of their net worth in the startup, and do not seem to care, because they REALLY BELIEVE in their company and growth doesn't seem to slow. I'm not involved at all, so I have less love/belief in the company, and I'm debating selling some of my stock. It's fairly easy to find buyers, but they do come one at a time, so the price is just pulled out of thin air basically. + +&#x200B; + +Any advice? What percentage should I sell (or not sell at all and wait for the exit with the founders themselves)? + +&#x200B; + +Thanks, + +&#x200B; + +Ash + + + +*EDIT: Thanks for all the insights, replies and questions. Much appreciated. I've decided to hold on to the shares for now. I was actually surprised there were quite a few suggestions to do so (since I assumed the FIRE crowd to be somewhat conservative).* +Since the Fed will be buying individual corporate bonds, certain companies that are at potential risk of default in the future should be safe (e.g., AAL). This should present an opportunity to short far dated, low-strike-price puts safely to capture the proceeds from the sale. + +From what I gather, the Fed has published a list of the companies that are in their program. I believe there is a list of company names vs. a criteria. Having the list of names to check against is more reassuring when executing on this strategy. + +Does anyone have the link to this list? Thanks in advance. +If I roll a covered call up and out, will I unlock the difference between the strike prices? + +For example, I have 100 shares of TSLA at $687. + +I sold a covered call for $2,000 at the strike price of $720 on October 1. + +Now, TSLA is at $770+. + +If I buy back the call I sold for $6,000 and then sell the one expiring $760 on November 19 for $6,000 also in order to offset the price: + +Does it at least take the cap off $4,000 for me ($760 - $720)? + +Edit: I figured it out, man. I do get the $4,000. Itā€™ll be displayed as the average credit for the new covered call I sell. + +Will buying back the first sold call cost me $4,000? Yes. + +But will selling a second covered call provide me $4,000? Also, yes. + +It does take the cap off $720 (October 1) and put a cap on $760 (November 19), which Iā€™m more than glad to do as I donā€™t wanna part ways with the stock. + +I always want a sold call open just in case it does trade sideways in the short term or even drops, so I could at least make some money. +***For strategy spoon-feeding, go halfway down this post*** + +# Introduction + +I get quite a few questions about whether strategy X is good, or whether people should be trading strategy Y. Options strategies are meant to express your views on the market, and with options, there is more than just the direction of the stock! + +There are several inputs that affect the price of options. these inputs are: + +* The price of the underlying asset. This should be obvious. +* Implied volatility - people are willing to pay more for options on volatile stocks because there is a greater opportunity to earn money. In the same vein, option sellers demand more premium because of the higher chances of loss. +* Time to expiration - Option prices trend towards their intrinsic value. OTM options have no intrinsic value and are worthless at expiration. +* Interest rates - most retail traders don't need to worry about this. If you do need to look at interest rates, you're probably not a reader that benefits from this post. + +So how are we supposed to know what exactly we're betting on? The Greeks. + +# What Are the Greeks? + +According to the option alpha guide to the greeks (Linked in the [r/options](https://www.reddit.com/r/options/) FAQ): + +*"The Greeks are a group of terms used to represent the variables that determine an optionā€™s constantly changing price. The Greeks reflect how outside factors will impact an optionā€™s value as certain conditions change."* + +The main greeks we're concerned with are Delta, Gamma, Vega, and Theta. There are other greeks of course such as Rho, and second-order greeks (although gamma is technically a second-order greek), but those are beyond the scope of this post. + +[You can read more about the greeks here.](https://optionalpha.com/options/options-pricing#options-greeks) + +It is worth studying gamma scalping (and its reverse); you can see that gamma and theta are, in a way, "opposites" of each other; due to gamma, large moves in the stock benefit option buyers and hurt option sellers; theta hurts option buyers and benefit option sellers. Long gamma positions benefit from RV - realized volatility (actual volatility, not implied volatility. IV is what the market thinks actual volatility will be). + +***When we trade options, we are making bets on not only the stock price but also implied volatility and realized volatility.*** + +# Using The Greeks When Trading: A Wheel Example + +The greeks help us measure our exposure to different risk factors. They allow us to structure our trades in a way that is consistent with our view of the market. + +For example, we short a put when we're wheeling stocks. What does our trade actually imply about what we think the stock will do? Let's check the greeks of our position. Note that the greeks are "flipped" since we are short an option: + +* Positive Delta. Since puts have negative deltas, a short put has positive deltas. We make money when the underlying stock price increases. +* Negative Gamma: as the stock price increases, our position has less and less delta, meaning we make less and less as the stock price increases. The reverse is also true; as the stock price drops, we lose money at a faster rate. +* Negative Vega: when implied volatility increases, we lose money because our puts become more costly to buy back (Buy to Close / BTC). +* Positive Theta: the put we've sold becomes less valuable over time, meaning we make money as we get closer to expiration. + +Our delta position implies we want the stock price to increase, our gamma position implies we want realized volatility to be low ( since we miss out on gains or get really hurt by large moves), our vega implies we want implied volatility to fall (we want our options to drop in value). Our theta compensates us for gamma risk. + +Therefore, if you think a stock is going to trend upwards really calmly, you might want to sell CSPs! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Spoon-feeding You Strategies: + +Here are some common strategies you should use when you have specific opinions on the market. + +**You think the stock will move in a particular direction** + +* Buy/sell stock. This is the easiest way to bet on the direction of a stock. You don't have to worry about IV, RV, or time decay. +* Long options *can* be used as cheap leverage, but I'm personally not a fan. Margin and/or futures (if you're trading indexes/index ETFs) might be better. Options do have the benefit of limiting your downside though. + +**You think implied volatility will increase but realized volatility won't:** + +Long Vega, Positive Theta, Short Gamma, Delta Neutral Positions + +* Calendar spreads. Sell a short-term option and buy a long-term option with the same (at the money) strike price. This position has a net positive vega, which benefits when IV increases. This position also has positive theta, so you make money as long as the stock stays still. Your main risks come from IV decreasing or the stock moving away from your strike price. + +**You think implied volatility will decrease and realized volatility will too:** + +Short Vega, Positive Theta, Short Gamma, Delta Neutral Positions + +* Short Straddles. Sell a call and a put at the same strike price (preferably at the money so deltas are neutral. + * You can hedge your deltas with stock if desired. ***See gamma scalping*** +* Butterfly: The short straddle's timid cousin. The same as a short straddle, but you buy otm calls and puts as insurance in case the stock yeets in a particular direction. +* Short Strangle: A short straddle, but selling otm calls and puts of different strikes rather than one strike. +* Iron Condors: Sell a short strangle and then buy even further otm calls and puts as insurance. + +**You think implied volatility will increase and realized volatility will too:** + +* Inverse the above strategies (long straddles, strangles, etc) + +**You think the stock will trend in a particular direction while IV and RV rises:** + +Delta depends on specific position. Negative Theta, Long Gamma, Long Vega (usually) + +* Long options: buying options in a rising IV environment is great, because the value of your options can increase despite the stock not moving in the right direction. +* Debit spreads: the long options's cousin. Buy an option, and sell one further out the money. This caps your upside a little, and also decreases all your greek exposure, but is also significantly cheaper, so you can buy more of them. + * Note that as your debit spread goes itm, your theta, gamma, and vega flip signs! + +**You think the stock will trend in a particular direction while IV and RV falls:** + +Delta depends on specific position. Positive Theta, Short Gamma, Short Vega (usually) + +* Short options: selling options in a falling IV environment is great. IV crush helps you make money even if you're wrong about the direction of the stock. +* Credit spreads: selling options, but buying some further out the money for insurance. this limits your risk, and decreases your greek exposure. + * Note that as your credit spread goes itm, your theta, gamma, and vega flip signs! + +***I try to bet on either direction or volatility, but not both. This is because guessing direction and volatility by itself is hard enough. Trying to be right about both is worse.*** +**PM Account Updates** + +[Acct val today](https://i.imgur.com/TqEfGf7.png) + +I've added a 100% SPX portfolio comparison to my tracking table to see a dollar comparison since I turned on Portfolio Margin. [Account vs SPX comparison, by the numbers](https://i.imgur.com/0tdCxW5.png) + +[Here's the same info in a plot](https://i.imgur.com/ujWgSXN.png) + +[And here's the smoothing effect of premium selling on daily % returns](https://i.imgur.com/zEARYOl.png) + +So far with appropriate use of leverage I'm able to get more return with less risk. + +**IRA Account Updates** + +[Acct val today](https://i.imgur.com/Oy0lNOL.png ) + +Wrapping up another full month, closing at ATH of $680k with 1.8% monthly return. + +This concludes a full 3 years for premium selling in this account, and I've average just shy of 2% monthly compounded return. If it were exactly 2% as I had targeting on day 1, I should be at 702k but I'm just short of that initial plan. + +I should be higher here, but I've taken about a $70k loss over those 3 years trying to make daytrading futures happen. I still suck at it, and I have the timing abilities of a broken clock. On the flipside, I mada a very large (non-theta) one-time gain this year during the Feb/March sell off by being long TMF. + +My lessons learned so far are that 2% monthly is about the max I can swing in an IRA without access to leverage. With my PM account and the same strategies I'm able to more than double that. + +I primarily trade short puts and strangles. I like trading earnings assuming a large enough move is expected. I've recently added trading options on futures for two reasons: + +1. Preferential tax treatment for my cash account + +2. SPAN in IRA gives me favorable capital efficiency through better BPR without having to use spreads which I don't much like. + +AMA. See comments for lots of extra detail. +Someone once taught me that even if it's not a good one, it's better to have *a* plan than no plan. It wasn't in reference to trading, but I find it just as applicable. Having a set plan in place and sticking to it is one of the major steps a trader can take to improve not only his skills as a trader but also his P/L and consistency + +I've been meaning to write up a portfolio plan for the past couple days, and after seeing [this post](https://www.reddit.com/r/thetagang/comments/gglx68/how_do_you_build_your_thetagang_portfolio/), I was inspired to share it with you guys for two reasons. I'm still new to many aspects of trading and there's still a lot I have to learn, so I think feedback from some of the more experienced traders on here could help me out. But this also acts as a sort of template for newer traders so that they can see how a plan is set up. Mine is definitely not perfect, and yours could be a lot less or a lot more specific. This is simply *a* plan + +&#x200B; + +**Account Size: $25,000** + +&#x200B; + +**Portfolio Metrics** + +Theta: 100 - 250 (0.4% - 1%) + +Delta: -100 - 50 (-0.4% - 0.2%) + +Vega: > -250 (-1%) + +Annual Profit Target: 15% - 20% + +&#x200B; + +**Allocation** + +|VIX > 50|50% - 60%| +|:-|:-| +|30 < VIX < 50|40% - 50%| +|VIX < 30|30% - 40%| + +&#x200B; + +**Undefined Risk** + +Core of our portfolio + +75% of allocated capital + +\~$1,250 buying power per trade (\~5%) + +\~$250 credit per trade (\~20% ROC) + +Place trades in high IV with 30-45 DTE, mostly short strangles with some directional plays to hedge portfolio Deltas + +Manage winners at 50% of max profit + +Roll expirations to next month at 21 DTE (if possible for a credit) + +Use counter-management strategies to reduce losses and hedge Deltas + +&#x200B; + +**Defined Risk** + +Strategic diversification, Delta hedging, Vega hedging + +25% of allocated capital + +\~$250 buying power per trade (1%) + +\~$125 credit per trade (for most trades) + +Place short premium/Vega strategies in high IV with 30-45 DTE, mostly credit spreads and condors + +Place long Vega strategies in low IV with 30-45 DTE, mostly calendar and debit spreads, as a volatility hedge + +Manage winners at 50% of max profit (for most trades) + +Roll expirations to next month at 21 DTE (for most trades) + +Defined risk trades will be managed less aggressively on the losing side. Mostly just holding and rolling out + +&#x200B; + +**Low Vol Playbook** + +Reduce allocated capital + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Increase # of long Vega trades and long portfolio Vega + +Reduce Theta targets slightly + +Increase # of earnings trades as volatility starts to become scarce + +&#x200B; + +**Early Profit Playbook** (+10%) + +Reduce allocated capital significantly (up to half) + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Reduce portfolio greeks slightly + +If the profits are lost, return to normal mechanics + +&#x200B; + +It should be noted that this setup has a pretty considerable amount of risk, this will just be used in a paper money account right now, and eventually someone else's money (hopefully). If I were trading an account this size of my own money, it might look slightly different +**PM Account Updates** + +[Acct val today](https://i.imgur.com/TqEfGf7.png) + +I've added a 100% SPX portfolio comparison to my tracking table to see a dollar comparison since I turned on Portfolio Margin. [Account vs SPX comparison, by the numbers](https://i.imgur.com/0tdCxW5.png) + +[Here's the same info in a plot](https://i.imgur.com/ujWgSXN.png) + +[And here's the smoothing effect of premium selling on daily % returns](https://i.imgur.com/zEARYOl.png) + +So far with appropriate use of leverage I'm able to get more return with less risk. + +**IRA Account Updates** + +[Acct val today](https://i.imgur.com/Oy0lNOL.png ) + +Wrapping up another full month, closing at ATH of $680k with 1.8% monthly return. + +This concludes a full 3 years for premium selling in this account, and I've average just shy of 2% monthly compounded return. If it were exactly 2% as I had targeting on day 1, I should be at 702k but I'm just short of that initial plan. + +I should be higher here, but I've taken about a $70k loss over those 3 years trying to make daytrading futures happen. I still suck at it, and I have the timing abilities of a broken clock. On the flipside, I mada a very large (non-theta) one-time gain this year during the Feb/March sell off by being long TMF. + +My lessons learned so far are that 2% monthly is about the max I can swing in an IRA without access to leverage. With my PM account and the same strategies I'm able to more than double that. + +I primarily trade short puts and strangles. I like trading earnings assuming a large enough move is expected. I've recently added trading options on futures for two reasons: + +1. Preferential tax treatment for my cash account + +2. SPAN in IRA gives me favorable capital efficiency through better BPR without having to use spreads which I don't much like. + +AMA. See comments for lots of extra detail. +Every login these days seems to require a text of a code to your cellphone. Including those where you change an account password. + +Verizon, and I assume other carriers now allow you to secure your number from being ā€œportedā€ to another carrier by someone out to steal your identity. + +Check your settings to make sure this feature is activated. It isnā€™t by default. + +Edit: on iPhone Verizon app āš™ļø > Security + +https://i.imgur.com/C1HgP7c.jpg +Is this a good idea? + +I (29) have a brokerage account thatā€™s managed with a 1.2% fee. The return this year was 4.6%. I am not a good investor. I do not have the time to effectively/responsibly manage my own account well. Ive shopped around for another broker, but I am thinking about taking it into my own hands and investing entirely into the S&P 500 and dollar cost averaging all future investments into the ETF. Is this wise? + + +Here is more information. +- My account has 20k in it. +- I add $1,000 per month into the account. +- I plan to not withdraw from the account for 5-20 years (would only withdraw if I needed more money for a downpayment on a home or an absolute fiscal distaster which my emergency fund couldnā€™t withstand). +I am using my inheritance to buy a home, but I want to maximize these funds so that I could make passive/residual income. I live in california so housing here is ridiculously expensive and would be taking a huge risk buying multiple properties. Any advice would be greatly appreciated! +Lately, permanent life insurance has been coming up. Im intrigued with the potential to cash out or use cash while alive. However, im also seeing that it may be a scam. I have a lot of debt and have considered using my 4o1k to clear it out and getting a permanent life insurance but im not sure thatā€™s the best option. Please help. +I know it can range a lot, but I wanted to hear from people generally more frugal and/or budget conscious. If you google how much a newborn costs per month, the numbers just seem insane to me. I have a hard time believing the average amount a newborn costs is $1500 every month in the first year... + +I do want to keep it open ended and not focused on my exact situation, but I'll say that my wife is excited about being a stay at home mom and doesn't work currently, so I won't have to worry about daycare or a sudden decrease in our income. Based on what some of my coworkers have said, it sounds like daycare is their biggest expense. +What is your opinion on this? I am one year into a 30 year mortgage at 3.25% interest which is under 25% of my after taxes income. I am currently putting about 25% of my income into various markets (401k, SERP, HSA, Vanguard, etc) which makes between 13-23% return YTD (a buy a hold strategy). At first thought, it seemed like a good idea to get the lower monthly payment that comes with a 30 year mortgage but now I am having doubts. Should I focus my goal of paying off my mortgage instead of trying to grow wealth through investments or is my plan solid. I am single income, middle aged, no dependents or spouses (just houseplants). I appreciate your input! +https://www.bloomberg.com/news/articles/2019-06-29/xi-trump-agree-to-restart-trade-talks-china-says?utm_medium=social&utm_content=business&cmpid=socialflow-facebook-business&utm_source=facebook&utm_campaign=socialflow-organic&fbclid=IwAR2bLqR4nImbtA2fqjMjC7OzAuDydULwzt7hR3KrSoijLbmj-i1NZg7U3SQ +Looks like I need to buy a roof as the one I have decided to start leaking. Home insurance wont cover it due to age of the roof and I don't have enough equity in my home for an HELOC loan. The good news is my emergency fund can cover the bill, but I'm worried on how to rebuild the emergency fund. + +The roofing company is offering a 10 year loan where the introductory rate is 0% for a year then it goes credit card high after. My current plan is to take this loan to turn this unexpected expense into an expected expense. What should I look out for with this plan? + +I currently have about $140 a month to rebuild my emergency fund after the roof $9500 purchase. By cutting back I could lower my monthly expenses to leave something like $450 a month, but it just feels like a long time to be on rice and beans if you will. + +The other option is to try to pay off my car loan within the year with the remainder of my emergency fund then use the cash flow to pay down the roof loan as quickly as possible. This has a benefit of removing a loan that is tying up my cash flow and allow me to rebuild, but I may not be able to pay off the roof loan before the high interest rates kick in. Are there any downfalls with this plan other than the risk I take in not paying both off? + +My monthly budget brakes down to: + +Take Home Pay (after 401K and HSA contributes): 4750 + +Mortgage: $1940 (2.99%, like 29 years left) + +Student Loan: $70 (3.5%, Private loan, not subject to federal 10K forgiveness or the covid interest freeze, 8 years left) + +Car Loan: $700 (4%, two years left) + +Other expenses: $1900 + +&#x200B; + +TL;DR: I need to use my emergency fund, but my budget is tied up in a car loan so I needed to vent. +These pumps destroyed me completely. Lost about 27k, I guess lesson learned. I still don't believe that it's a bullish market so I wish I had more time but my puts expire on 4/17. Oh well. Anyone else in the same boat? If so, how are you handling it? +Hi all + +Iā€™ve been in this community for a few years and have posted a couple times, mostly around personal milestones, seeking advice on specific things etc. Itā€™s been a while since I last posted, and there have been some changes in my life which directly led up to a pretty fundamental change in my view to the FIRE life. Here to share my experience and hopefully it can be food for thought. + +Background: 32 DINK, career in finance, individual FIRE target $1M with house fully paid for, living in VHCOL. I financially subsidize a parent. + +- I started working in finance at the age of 22 after grad school and only chose this career path for its financial prospect + +- as a result of a general lack of interest and stressful work environment I had felt quite unhappy after 4/5 years into the job and discovered FIRE + +- at the age of 27 I started to seriously pursue FIRE and that became my whole existence: I held a view that despite not liking my job at all, I had no choice but to suck it up and grind it out until I hit my FIRE number. +To achieve that, I did a few things: +1. Tracking every single expense +2. Pinching pennies on certain things (e.g. instead of buying swifer sheets I used old crappy Tshirts to mop the floors) +3. Using checking my FIRE spreadsheet everyday as a relief + +- these (extreme) measures caused the following symptoms: +1. Impulsive purchase of things after being repressed for so long and being washed over by an overwhelming sense of guilt afterwards +2. Chronological stress from always watching the price tag & month end ledge balances +3. Compulsively checking the spreadsheet every time I have a stressful day and fantasize my fateful eventual escape + +- all in all, I was stuck in a hamster wheel: I wasnā€™t happy at all, but couldnā€™t see how things could be improved except for sticking it out for another 7/8 years. I made sure to work out 3/4 times a week but was pretty sure I was borderline depressed + +- in 2021, for family reasons I have left the previous VHCOL city (in Asia) and relocated half way across the globe to the VHCOL city (in continental Europe) that I live in now. I quit my previous job for the move and had nothing lined up in the new place. My networth at the time was about $400k of liquid assets. We mostly lived on my SOā€™s salary (which was covering our recurring & on-off expenses to set up our new life just enough). + +Due to my unemployment I was forced to get a taste of FIRE. + +- I took this as an opportunity initially to rest and be free, and be a test run for the real FIRE life. The first month went by very fast. The second month became a little repetitive with the grocery runs and the home cooking and 3pm dog walks. And the third month quite a void as I finished Fire Emblem Three Houses three times on the Nintendo switch. By the time the fourth month wrapped up, I was knee deep in an existential crisis, questioned my self worth and contribution to society, became a total homebody, penny pinched even more, had a sleep schedule of 3-12, and wasā€¦as unhappy as before. Letā€™s just say that the FIRE test run didnā€™t exactly work out. + +What went wrong? I noted four things: +1. A total lack of discipline and inner drive +2. Not enough hobbies +3. Not feeling needed enough +4. Peer pressure from watching all my friends being busy + +How to improve and actually get ready for FIRE? +1. Work on building inner peaceā€¦meditation, reading, etc +2. Develop new hobbies and ones that better suit my current environment +3. & 4. I have yet to find solutionsā€¦ + +It took me 5 months to land my current job, we have also just bought a house which wiped out half of our networth. But Iā€™m feeling more relaxed than ever and relieved that the temp FIRE was over, and that I had an income again. + +Iā€™ve also decided on a more laxed view about work and FIRE: not overly press myself to save, understand that Iā€™m the type of person who needs work to feel valued and may very well work for a long time to come. Also assume a more zen attitude about work related stress. + +Like many before me have said: build the life you want, and save for it. I have finally truly understood this now. + +And for those of you who are in a tough grind, are on the verge of burnout: look up, look outside, try something else, take a break, discover yourself, and set off again. + +Sorry for the long post and the rumbling and thanks for reading. +Per title, I won the $5,000 prize and could obviously use the cash. I provided two pictures below. The ONLY fine print on the entire mailer is in one of the pictures I included. Can they really get away with not handing me $5,000 if they don't attach strings in the fine print? Or did they attach strings and I didn't realize it? + +[Mailer Pictures](http://imgur.com/a/Zlpt6) +I was making my way through random YouTube videos and came across one that basically said, and I'm paraphrasing "don't trust the advice of successful people because circumstances and luck make a big impact on the outcome." + +I'm not trying to be a downer, but I am curious to see what people have experienced that they're not necessarily bragging about in a sub like this. +Letter here: https://imgur.com/a/7FBXwjk + +Me - Red + +My LTD Company - Green + +WTF does "employed in employed earners employment" mean? + +Can someone help me understand what's going here please? +Just something I was randomly thinking about, makes sense to me so I thought I'd ask the reddit "experts" to punch holes in my ideas. + +There is obviously an issue with various companies moving their "headquarters" out of the country to avoid taxes. Knocking what they have to pay from and 35% down to 20% or less. I can understand this, from a corporate perspective, why wouldn't you do so if it's legal? + +I forget what show it was, but I was watching some arbitrary commenter bitch and moan about how American corporations are revoking their citizenships to do this. Well hold on now, it's an entity, not a person, there is no citizenship. + +This all got me thinking, why not just eliminate corporate taxes all together? I pretty much feel lied to anyway as tax costs to corporations just get passed on to their employees and customers anyway, much like sales tax. A corporation isn't a person, so why not just eliminate the fictitious middle man? + +My theory is that this would eliminate a corporations tax benefits for being outside the country, encourage them to keep jobs here, and raise salaries to compensate for the tax changes. + +It seems to that the general sentiment with people is that if a company ever makes any money, well that's bad, God forbid companies ever make money. Well, these companies are where our jobs and pay come from, so if we make it impossible for them to make any money, their just gonna leave. So all the complaining has accomplished nothing but make it harder on everyone, the company doesn't care, it doesn't really exist. + +TL;DR: Let's eliminate corporate taxes all together. + +Initiate flaming. +Inflation, energy price rises, rent going up and the prospect of a recession. There are a number of difficult things happening at the moment. + +I would be interested to hear how you are handling it. Are you doing nothing, making cutbacks - or perhaps investing in new and different things to create or preserve the value of your savings? +Hey guys, I know some people tend to not like these posts, but I figured why not. Long story short, I accrued a lot of debt coming out of college. About $12k in CC at 20% and $13,750 in a car payment at 8%. About 2 years ago with about $20k left, I started to get really serious and did everything I could to pay both debts off as quickly as possible so I started taking up different side hustles such as charging Bird and Lime scooters and driving for Grubhub on top of my full time job that pays me $40k a year. + +For me, Grubhub was the big one that really set me off in the right direction, making anywhere from 150-350 a week, which would go straight towards the debt as extra payments. Using the debt snowball method, I was finally able to make my last payment on my CC and Iā€™m so happy I decided to grind 2 years ago and Iā€™m ecstatic to be in the position I am in now! + +Hopefully Iā€™ve learned my lesson and continue to be debt free moving forward and can break out of the paycheck to paycheck cycle that Iā€™ve been in since college. +This is a post for those of you who might have seen ***The Problem with Jon Stewart*** and are wondering about the fundamentals of GameStop and whether it's still a viable investment opportunity. + +Consider the following: + +1. GameStop has zero debt (save for a small loan in France associated with pandemic relief) +2. ~~$1.1 billion in cash on hand~~ **EDIT**: update from u/Apprehensive-Salt-42: "**Closer to 1.5b in cash. Not 1.1b** Seems like a small thing, but that's a lot of extra zeroes in the bank." +3. rock star Chairman of the Board, Ryan Cohen, who built [chewy.com](https://chewy.com) in his 20s and sold it for $3.4 billion in his 30s before heavily buying into GameStop in December 2020 +4. new customer care center with 500 employees ([https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south](https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south)) +5. new warehouses in New York, Pennsylvania, and Nevada to expand fulfillment network +6. hundreds of new exec and directors from top firms, including Amazon, Target, Chewy, and Zulily ([https://gmedd.com/report-model/](https://gmedd.com/report-model/)) +7. an NFT marketplace in the works, but under curtains so competition doesn't have the details +8. NFT marketplace that is streamlined and user friendly has great potential, esp. with NFT markets set to grow over **$40 BILLION** in the next three years ([https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/](https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/)); Also helpful: [https://hbr.org/2021/11/making-sense-of-the-nft-marketplace](https://hbr.org/2021/11/making-sense-of-the-nft-marketplace) +9. GameStop closed a number of underperforming stores over the last couple of years to trim excess and focus on high performing stores and online sales +10. complete overhaul of GameStop app in 2021 to be more user-friendly +11. **EDIT** to include #11 from u/DeadDevotion: "Also the distinct lack of insider selling (compared to popcorn lol) is super bullish to me." +12. **EDIT** to include #12 from u/soadisnotforbath: GameStop added same-day delivery for their products: [https://www.gamestop.com/collection/same-day-delivery](https://www.gamestop.com/collection/same-day-delivery) + +**All of this happened in the span of a year and a half.** GameStop has set its sights on becoming a large tech company--a major player in the gaming and NFT marketplace, with partnerships including IMX, Loopring, and PiƱata. There's also speculation of partnerships with Microsoft, Apple, Nike, Snoop Dog, and others. + +**BONUS:** The short interest on GameStop is still believed to be more than 100%, and as high as 800%, hidden in derivatives, swaps, ETFs, DOOMPs, futures, and/or other complicated financial mechanisms. Expect high volatility in the stock price as financial institutions fight for their existance--they don't call us Diamond Hands for nothing. My hands are diamond because I've held through price fluxuations of $350 to $39, and my hands are diamond because I'm not selling my shares until the price looks like a phone number. I will also diamond hand some shares forever, and never sell them. Why? Because I like the stock, I like the company, and fuk hedge funds, banks, and this corrupt financial system. + +None of this is financial advice, and I am in no way a financial advisor, but if you do decide to invest in GME, many people are registering their shares directly with [ComputerShare.com](https://ComputerShare.com). This prevents banks, brokers, hedge funds, and marketmakers from using the stock for short selling. + +**Where to start to learn more?** + +[https://gmedd.com/report-model/](https://gmedd.com/report-model/) + +Or the GameStop research library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg), where some of the best financial journalism has happened in the history of humanity. + +If you decide to join this ride, I fully expect to see you on the moon. + +\-Duckdive Firestorm, dumbass meme maker + +**EDIT: Add Postscript:** Redditors on this sub, from the beginning, have valued primary source information and peer review. We look at SEC filings, company filings, law suits, FINRA reports, Bloomberg terminal data, etc., for research. As you can see from this post, we value updating wrong or outdated information, learning and adding new information, and citing credible sources. And dank memes, of course, because laughter and poking fun at Powerful Institutions is crucial to win psychological wars. Make no mistake, there are paid bad actors on this sub. šŸŒŽšŸ§‘ā€šŸš€šŸ”«šŸ§‘ā€šŸš€. Welcome aboard and be discerning. +This sub is getting more and more retarded, but not in a good way. No one understands the meaning of lurking anymore and the daily is flooded with retarded people. The witch fiasco, now this unemployment shit. Why are you all surprised that a conclusion reached by people who give 5k upvotes to a copy pasted Investopedia page explaining what the Greeks are is wrong? WSB may once have been one step ahead of the normies, but these days WSB itself has become those thinking they are outsmarting the normies despite being normies themselves. + +No, spamming autistic shit like BEAR GANG and DRILL TEAM 6 in dailies will not make your 4/3 150p print, you are not bear gang, you are retarded. + +Think how stupid the average person is, and remind yourself that the average WSB user falls far under that mean. No, you did not discover top secret insider info about rising unemployment rates, you are not a genius for coming to the conclusion 1 day before the announcement that the market could tank from this info. If even a troglodyte could reach a conclusion, the market has reached that conclusion a long long time ago. +And I did it early. +My goal was April. My hard fucking work paid off. My body hurts. My arms and hands are numb, but I fucking did it. A breathe of fresh air. Time to stack my SAVINGS AND RETIREMENT next. + +Thank you all for your hard work and incredible posts. +We know bad debt is when your interest payments exceed your free cash flow. In the context of public companies trying to go debt free I have to ask - is there really good debt? Is the interest tax shield real? How real is it? + +Iā€™ve read about good debt being called leverage. Could someone throw light on this with a simple example? + +And how does good debt translate to personal finance? For instance, is there a good way to finance a house with debt? How about a car? Those are two very different assets (if one can even call them that). +Huge allegation by Nagpal Manoj on Direct plan platforms and RIA's. [Link](https://www.moneycontrol.com/news/business/personal-finance/beware-direct-mutual-fund-plans-are-great-but-they-have-a-dark-side-too-2956451.html) + +Some of them are allegations as serious as getting kickbacks? + +How far this is true? or this is a story of "sour grapes" for the IFAs and regular side. + + +This is in reference to the stock-to-flow model, which I believe is a solid indication on BTC's path albeit taking a different route right now. The stock-to-flow model suggests that should be roaming in the region of USD 100k during this period, but we have not even seen it going passed USD 70k yet. + +https://preview.redd.it/wny63lj62ry81.png?width=1789&format=png&auto=webp&s=e8222f0ca93d62aa793f7d5a2164437c0e2ff619 + +That being said, there is a glaring change of pattern between the previous bear market, against the current bear market. + +&#x200B; + +|Year|2013 - 2015|2018-2020|2022-2024 (?)| +|:-|:-|:-|:-| +|Peak Price|USD 1,149.14|USD 19,970|USD 69,050| +|Bear Market Low|USD 197.24|USD 3,109|USD 28,000-29,000 (?)| +|Drawdown|\-83%|\-84%|\-58% (For now)| + +Realistically, BTC does not go lower than its previous ATH, according to previous patterns. So, we probably won't see BTC going down below USD 19,970. This is why this current bear market is interesting. We are seeing possibly a **lowering in the drawdown**. + +The bear market is getting more and more bearable. Pun intended. + +That being said, if you had entered into crypto this year, then the next point of exit should be by the next halving in 2024/2025. Although the current halving hasn't met the expectations yet, the previous halving would suggest that the metrics is rather promising. If you're concerned about the stock-to-flow model not meeting the prediction this time, consider that BTC had exceeded the stock-to-flow prices previously as well. It will eventually balances out. + +However, you do need to pay additional considerations if you're jumping into alts. + +&#x200B; + +Edit: I have just found out through the comments that the S2F model is invalidated. I stand corrected, and appreciate the comments. + +My key takeaway is chiming through Plan B's note as well- + +1. We are seeing possibly lower drawdown in the market (Through lower ceiling, and higher floors.) +2. There's a clear break of pattern in this 2022 bear market in comparison to the previous two. +3. BTC have not went below it's previous 'ATH', in this case, it's around USD 19k. + +I am however still adamant that you should go through at least 1 full cycle of BTC halving for your exit strategy. This isn't a get-rich scheme, and the cycle is rather inevitable IMO. It's just that now, we are seeing a different ratio to the cycle. +Recently MO has caught my eye. They have a scary high dividend yield of 8% - however they are a dividend king of 51 years, so it should be safe right? + +They just came out of 2020 with a surprisingly solid core business and a few years ago they invested heavy into Cronos, a cannabis play. + +What are your thoughts on this? I'm very tempted, but given that I have a rule of basically keeping my dividend plays for the rest of my life, what do you see going wrong down the line? +Are there any good stocks/ETFs which stay stable during volatile periods (like the one in march) and payout monthly/quarterly dividends. Looking for equity such that I can get out from it whenever I see an opportunity to buy something else, basically looking to park some cash which will generate dividend and I can get out of it whenever needed + + +Thanks! +As the title suggests, any good youtubers that offer actual information regarding div investing worth watching? Tried a few and seems like they put more effort into the presentation rather than information. +Serious question. I have been seeing a lot of posts lately about people's current status with $500K, $1mm+, etc and how they got there over the last few weeks. The vast majority show a relatively small account balance through the 2008 market cycle with an account that is substantially higher now, having saved and invested copiously through a 9.5 year bull market. The S&P loss peak to trough was (iirc) 46% Nov 07-Mar 09 and took another close to four years to recover, to break even. That's a crushing hit if you are already retired early and living off your investments. + +I read somewhere that the average age on Reddit was late 20's, though I'd guess this group might be older. The optimism about investment growth rates continuing is very reminiscent of both '99 and '07. It seems most people likely haven't gone through a full market cycle, or at least not with real wealth yet. + + +I know of only one person in real life: he was a tech guy who made a ton 96-99, then cashed out when he got a bad feeling - even he admits he was absolutely lucky. But he's gone back to some work just for insurance for his kids. + +Back to my original question: Is there anybody here who truly FIREd and went through the negative market cycle? Not based on selling a company and getting ridiculously wealthy, but by living frugally and saving, who FIREd and did so through a negative cycle, and continued to do such? + + + +* Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission. +* Burry was one of the first investors to call and profit from the subprime mortgage crisis. +* Burry previously mentioned in a tweet, that Teslaā€™s reliance on regulatory credits to generate profits is also an impediment to the companyā€™s long-term prospects + + +# Why ETH will hit $20K + +* [Original source here](https://newsletter.banklesshq.com/p/why-eth-will-hit-20k) + +### What does Bitcoin's halving teach us about Ethereum's PoS merge? + +>*When you look at current prices and you take into account the efficiency gains of removing proof-of-work after the merge, weā€™re looking at 13 billion dollars per yearā€¦of buy pressure relative to what we have today.Ā  -* Justin Drake, Bankless + +Token economics is a growing field of study that ties the programmatic emission of tokens with incentives to drive economic outcomes. Itā€™s nascent and confusing. There are multiple ways to value a token, just like there are multiple ways to value equities (DCF, DDM, comparables). + +Other factors will certainly matter like regulation, network usage, EIP-1559, but if all else were equal, we could oversimplify why Ethereum will be valued at $20,000 after proof-of-stake to just one reason: Issuance. + +Issuance is the number of new coins that are created every day in a crypto network. However, itā€™s not necessary to understand why issuance exists to understand why Ethereum is grossly undervalued: simply take note that issuance is a necessary aspect of all cryptocurrencies and is associated with the cost of securing a crypto network.Ā  + +To keep things simple, the cost of keeping a crypto assetā€™s price stable is equal to the number of coins issued per day multiplied by the price per coin. + +Letā€™s takeĀ Bitcoin, for example. In the case of Bitcoin, 900 new bitcoins are created every day. If each bitcoin is valued at $45,000 then the cost of keeping Bitcoinā€™s price stable is at around $40.5 million per day. By ā€œstableā€ I mean that there must be $40.5 million in *new* demand to offset the increased supply from daily issuance. + +Ethereum also has issuance, around 13,500 ETH are issued every day. At a price of an average of $2,000 per ether in 2021, it currently costs around $27 million per day to keep Ethereumā€™s price from dropping. + +The big change that is about to happen is that Ethereum will undergo an upgrade that will reduce its issuance by 90%. I am [referring to](https://email.mg2.substack.com/c/eJwlkclOwzAQQL8mvhF5y9KDD5RVSIBALOop8jJ1TVI7sh1Q-XocKs0izaKZeaNlBhviScwhZbSaIZ9mEB5-0gQ5Q0RLgjg4Iyghm6YnHTKCG9I3PXJp2EeAo3STyHEBNC9qclpmF_zaQVpMGnQQioPscGtUT7VUjPR7aAnfKwPQA4XmPFcuxoHXIOAb4il4QJM45Dynil1W9LaICTrVNgQ7Qa3DsUTSHEGadADIaS0oSt5SNMos6T3M_OlBfX_dbdXz59v7z-7-4sFa8rIdX5qrvBsuxlIOxuWKMutMxa4xcoLicijGHcW456ymNTAFVLeMMs4IaFPPNDje_I4Vx0dL67SolKUe15VQFNcfN6-PNzvclrRd0fzHC5mh-OPiXT4N4KWawJyh5TP7f4yDBQ-x_MQMMhd-jLWsYy3FbHOGVKhySjdN1zeoDDahdHmhpB8nSOkPD2aaAQ) Ethereumā€™s full transition to proof-of-stake. Again, you donā€™t really need to understand what proof-of-stake is to follow my argument, just understand that it will reduce the number of new ETH created every day.Ā Ā  + +This article predicts a fair long-term price of ether at $20,000 after the merge. The first part of my argument is very easy to understand: just simple algebra. + +### The Algebra of Issuance Reduction + +Today our daily issuance is:Ā  + +>*13,500 ether x $2,000 per ether = $27 million*Ā  + +This means that the cost of keeping the price of ether from going belowĀ $2,000 is $27 million per day. After the transition to proof of stake, we will haveĀ a reduction of 90% in issuance, bringing it down to around 1,350 new ether created per day:Ā  + +>*1,350 ether x* ***$20,000*** *per ether = $27 million*Ā  + +In other words, if the market continues to pump $27 million per day into ETHĀ (*as it has been doing throughout 2021*) after proof-of-stake, the price of ether must increase to $20,000 per coin.Ā  + +How quickly will this happen? + +The rest of this article answers this question using a method called the [inelastic market hypothesis](https://email.mg2.substack.com/c/eJwlkD1vhDAMhn_NZUTB-QCGDJV63bp0qNQJhcTHRUCCklBEf33DIVm2bMt6_bxGZxxDPNQaUiZn6vOxovK4pxlzxki2hLF3VkFdd6KtG2IVt3UrWuJS_4iIi3azynFDsm7D7IzOLvjzopa0FuSpKJONQNO1DQPZPTgDazQiGhikkEZfunqzDr1Bhb8Yj-CRzOqZ85pu7O0GHyX2fa_8gLEKcSztqleM6ZxD28mGOAW0PElpA5S2nFVQIRsQjGTAOKvR2GqF4Lj4m26cLiNUaRtS1maqTFhIVO_f96_P-w-VZT2eWK95oepLXTbv8tGj18OM9gLOl28vC_oRPcbip-11LuyMSdYwCZR1F2BxhAN0omkFKcI2lCuvBu2nGVP6B17AgmM). This hypothesis, developed by professors Xavier Gabaix & Ralph S. J. Koijen, puts forth the idea that markets respond inelastically to investorsā€™ flows. + +UsingĀ Bitcoinā€™s past halving cycles, I measured the inelasticity of the Bitcoin market and extrapolated it to Ethereum. The inelasticity factor found for Bitcoin was 20, which means that every dollar invested in Bitcoin makes the market cap increase by 20 dollars. Using this inelasticity factor, I predicted that, after proof-of-stake, Ethereumā€™s price should increase at an average rate of 8% per month due to the reduction of issuance alone. + +## Inelastic Market Hypothesis: A Brief Background + +Two months ago, an interesting piece began circulating in CryptoĀ Twitter from Xavier Gabaix and Ralph S.J Koijen titled ā€œ[In Search of theĀ  Origins of Financial Fluctuations: The Inelastic Market Hypothesis](https://email.mg2.substack.com/c/eJwlkD1vhDAMhn_NZUTB-QCGDJV63bp0qNQJhcTHRUCCklBEf33DIVm2bMt6_bxGZxxDPNQaUiZn6vOxovK4pxlzxki2hLF3VkFdd6KtG2IVt3UrWuJS_4iIi3azynFDsm7D7IzOLvjzopa0FuSpKJONQNO1DQPZPTgDazQiGhikkEZfunqzDr1Bhb8Yj-CRzOqZ85pu7O0GHyX2fa_8gLEKcSztqleM6ZxD28mGOAW0PElpA5S2nFVQIRsQjGTAOKvR2GqF4Lj4m26cLiNUaRtS1maqTFhIVO_f96_P-w-VZT2eWK95oepLXTbv8tGj18OM9gLOl28vC_oRPcbip-11LuyMSdYwCZR1F2BxhAN0omkFKcI2lCuvBu2nGVP6B17AgmM).ā€ The authors put forth the proposition that todayā€™s stock market reacts inelastically to investorsā€™ flows. Their simplest model, which includes a bond market and an equity market, indicates that selling $1 in bonds and buying $1 in equities has the effect of increasing the equity market cap anywhere from $3 to $8.Ā  Their paper goes on to demonstrate, both theoretically and empirically, why this is the case.Ā  + +The main reason for the inelasticity of equity markets, according to the authors, is related to the behavior of households and institutions, who hold the majority of equities in the US (*approximately 80%*). Both households and institutions are illiquid market participants, meaning that they buy equities and hold them for extended periods of time, regardless of price fluctuations. Why?Ā  + +In the case of institutions, they often have mandates which force them to keep a part of their holdings in equities. Households that do not actively trade the stock market often prefer a ā€œbuy and holdā€ strategy. This lack of liquidity in the equities market causes volatility, and this volatility can be quantified and explained by the inelastic market hypothesis. The inelasticity factor given by their study is 3-8, which means that for every dollar invested in equities, the market cap may increase from 3 to 8 dollars.Ā  + +This general behavior of households and institutions in the equity market reminded me of the HODL culture of the Bitcoin community, who pride themselves in holding their bitcoins regardless of price fluctuations. If volatility is so closely related to illiquidity, and if the inelasticity of equity markets is 3-8,Ā  and knowing that this is caused by similar behavior in both markets, how much more inelastic is the crypto market if compared to the equity market?Ā  + +This is the first objective of this paper, to arrive at an estimate for the inelasticity of the Bitcoin market. The method used will be analyzingĀ Bitcoinā€™s past halving cycles and measuring the effect that the supply shock from each halving had in accelerating the price increase of Bitcoin after the halving date.Ā  + +The second objective of this paper is to predict how Ethereumā€™s EIP-1559 and the transition to proof-of-stake will affect its price. This will be done by estimating the magnitude of the supply shock of each of these two events and factoring in the inelasticity factor found in the Bitcoin market. + +## The Bitcoin Halving: A General Framework + +Letā€™s understand how issuance works for Bitcoin:Ā  + +1. New bitcoins are created and sold on the market every day.Ā  +2. The number of newly created bitcoins is abruptly reduced by half every four years. This event is called the halving.Ā  + +Letā€™s put our first point in context. If new bitcoins are created and put on the market every day, the overall supply of bitcoin increases every day. As you can imagine, if nobody were there to take these newly issued bitcoins off the market, the price of Bitcoin would tend to go down. This is easy to understand: if there is too much of something, it becomes cheaper. Hopefully, at some point, the price of this asset becomes cheap enough that people choose to buy an amount equal to what is being created, keeping the price stable.Ā  + +Letā€™s say that we have arrived at this stable price, at which the newly issued bitcoins are bought by a group of investors.Ā  + +If Bitcoinā€™s price remains the same for an extended period of time, this indicates that there is a constant demand for bitcoins. Otherwise, if there werenā€™t investors willing to buy the newly issued bitcoins, the price of Bitcoin would trend towards zero, as mentioned before. + +### A Closer Look at Supply Shocks + +So letā€™s think about the Bitcoin market right before the halving event. Come the day of the halving and, as expected, the issuance of bitcoins is reduced by half. If we assume that demand remains the same as it had been before, then this will force the price to go up over time because of the ensuing supply shock.Ā  + +For our paper, the supply shock will be the reduction in the number of bitcoins issued after the halving date. In other words, the supply shock equals the number of coins that would have been issued if the halving had not happened.Ā  + +My argument is that the supply shock multiplied by the average value per bitcoin accrues to the value of the Bitcoin network over time. This can beĀ represented as ā€œvalue invested,ā€ since the flow of money works as anĀ  investment of capital:Ā  + +>*supply shock x average price per bitcoin = ā€œvalue investedā€* + +ā€œValue invested,ā€ which used to keep the value of Bitcoin from decreasing,Ā  now contributes to increasing the value of Bitcoin. The factor by which ā€œvalue investedā€ increases the market cap, represented by h1, is the inelasticity:Ā  + +>*ā€œvalue investedā€ x inelasticity = h1* + +Here is a simple example to clarify these concepts. Imagine you have an office building, and that you have to pay $100 every month for the air conditioning bill because it is summer. Every month your accountant writes offĀ  $100 that goes to paying for the electric bill of the AC. When summer ends,Ā you donā€™t need to pay $100 anymore because it is colder. Letā€™s say you end up paying $50 in AC bills now that summer is over. This means that you now have $50 dollars more to invest in your company. Now your accountant can register that you have a surplus of $50, which adds value to your business.Ā  + +The difference between the example above and Bitcoin (*and equity markets in general*) is the concept of inelasticity, which means that those $50 of ā€œvalue investedā€ may actually accrue, say, $200 to the value of the assetĀ  (*inelasticity factor of 4, in this example*). Also, the halving acts as a perpetual winter, which decreases your air conditioning bill by half, every four years. + +Next letā€™s estimate these these variables:Ā  + +* The increase in market cap due to the supply shock, h1Ā  +* ā€œvalue investedā€Ā  + +If we have these variables, we can arrive at the inelasticity of the BitcoinĀ market:Ā  + +>h1/ ā€œvalue investedā€ = inelasticityĀ  + +This approximation of the inelasticity of the Bitcoin market can then be used to calculate the magnitude of the price change that Ethereum will undergo after EIP 1559 and the transition to proof-of-stake. + +### The Bitcoin Halving Cycle: A Tale of Two Curves + +Letā€™s use the 2016-2017 market cycle as an example of how to calculate the increase in market cap, h1, due to the supply shock, and ā€œvalue investedā€. The same process described below was used to infer inelasticity from the 2012 and 2020 cycles.Ā  + +Below is a chart of Bitcoinā€™s market cap beginning in January 2015,Ā and ending around March 2018. I included some points on the graph, whichĀ represent the following dates:Ā  + +* **Blue**: Lowest market cap since prior halvingĀ  +* **Yellow**: Halving date +* **Red**: 100% increase in market cap from Halving date *(or a 2x increase in the market cap relative to the market cap on the halving date)* + +&#x200B; + +https://preview.redd.it/esi50ymg93s71.png?width=1205&format=png&auto=webp&s=4d533a3e1b0b8a25ab834eaef8e8636e5b66481a + + + +Blue, the lowest point since the prior halving, is our starting point. At this point, the price of Bitcoin has become so low that investors are happy to buy the new bitcoins that arrive on the market. The price is increasing from Blue to Yellow and then from Yellow to Red. We can be sure then, that the new bitcoins entering the market are being bought. Yellow is the halving date, the date on which BitcoinĀ“s issuance is reduced by half. + +Since the price of Bitcoin increases steadily, as can be seen in the graph, we can express this upward trend as a slope, m1: + +&#x200B; + +https://preview.redd.it/62zse0jn93s71.png?width=1110&format=png&auto=webp&s=ad115b7bce6f0dd3b2552768b1edd775b58ba4d5 + +What does m1 represent? + +The daily increase in the Bitcoin market cap prior to the halving date. For simplicity, I used a linear regression between these two points. Further research could focus on alternative regressions. So what happens around the actual date of the halving? If you take a closer look at the graph, in the vicinity of July, 2016, what happened was a typical ā€œbuy the rumor, sell the newsā€ event. + +After this noise, Bitcoin continued to go up. + +The halving, it seems, was not priced in! + +Bitcoin continues its upwards trend after the halving, but now at a faster rate, m2. We can represent the new rate of increase in market cap after the halving by drawing a second slope, m2, from the halving date to an arbitrary point on the graph, in this case, at 2x halving market cap. + +&#x200B; + +https://preview.redd.it/0ifqlhep93s71.png?width=1038&format=png&auto=webp&s=6e528cd9cfbe2ca162e9757a54aa6b4aa11ac11b + + Letā€™s take a step back to put all this in context with an example. + +Before the halving, letā€™s say the price of Bitcoin was at $1,000 and that there were 50 bitcoins issued per day. If the price of Bitcoin was stable or going up over time, this means that the market was paying $50,000 a day for the newly issued bitcoins. After the halving, the market keeps paying these $50,000 per day; however, there are only 25 bitcoins being issued after the halving event. + +At $1,000 per Bitcoin, what happens to those extra $25,000 dollars? They accrue to the value of the network!Ā  + +This is what I chose to call ā€œvalue invested.ā€ + +ā€œAccruing to the value of the networkā€ is just a fancy way of saying that this money will be used to buy old bitcoins, or bitcoins that were not issued that day. Inelasticity is relevant in this context because those $25,000 may actually make the market cap of Bitcoin increase by $125,000 if the inelasticity factor is 5. The next section deals with determining ā€œvalue investedā€ and the increase in the market cap due to the halving effect, which we will call h1. + +#### Inferring Inelasticity from the Difference Between m2 and m1, ā€œvalue invested,ā€ and h1 + +Letā€™s imagine that the halving had not occurred. In this case, we can assume that Bitcoinā€™s market cap would have continued to increase at the rate of m1, and would most likely be near the green point on the graph.Ā  + +&#x200B; + +https://preview.redd.it/x93lihys93s71.png?width=1207&format=png&auto=webp&s=3ff3ce36de26390774bf1a8643471e0ad2c92eed + + + +We can calculate how much of the increase in Bitcoinā€™s market cap after the halving was due to the halving effect. This can be done by taking the difference between the market cap at the red point and the market cap at the green point, which gives us the increase in the market cap due to the halving effect, h1. + +Simple, huh? + +Now comes the final step: determining ā€œvalue invested;ā€ it is equal to the number of bitcoins that would have been issued if the halving had not happened (supply shock) multiplied by the average price of these bitcoins:Ā  + +>*supply shock x average price of bitcoins = ā€œvalue investedā€* + +Again, I call this ā€œvalue investedā€ because this is the value that is invested in the Bitcoin network, the value that accrues to the Bitcoin network. If we divide h1 by ā€œvalue investedā€ we arrive at a rough estimate of the 13 inelasticity of the Bitcoin market. + +>*h1/ ā€œvalue investedā€ = inelasticity* + +### Results + +Here are the values of inelasticity that I found for each Bitcoin cycle:Ā  + +* 2012 - 24.9 +* 2016 - 20.7 +* 2020 - 70.2 + +As you may imagine, I was pleasantly surprised at how close the inelasticities of cycles 2012 and 2016 were and disappointed at how different the inelasticity of 2020 was in relation to the other two. After giving it some thought, I arrived at an explanation for this.Ā  + +The Covid outbreak made markets plummet right before the halving, and the effects of quantitative easing quickly recovered these markets right after the halving, around May 2020. These two factors reduced the average price per Bitcoin before the halving and decreased the time it took for Bitcoinā€™s market cap to double after the halving (see [Appendix B](https://email.mg2.substack.com/c/eJwlkUtP7SAUhX9Nmdnw6mvAQK-nJvfqRI2JThoK-_aQ00LlodZfL7UJsMliryz4UDLC5PwmVhci2pchbisIC59hhhjBoxTAD0YLSkhXtaRBWnBN2qpFJgz_PcAizSyiT4DWNM5GyWic3R2kxqRCZ4GbTtcV553SDSO6aRjmHZVypFy1FdVHrkzagFUg4AP85iygWZxjXEPBrgva56GdCuXk3DRDqdxyKGkBG_dtnuT560_Cp_eRzi_ruQ_v29fdY3t1SfVN7zzhf_v70787nd6eJpXbQZtYsD6FtWC34Sy9sRMyguL8VIwbinHLWUlLYCNQVTPKOCOgdLlSZ3j1fSk4XiZahjSGKNVlvxTy4vbl9PhwesV1Pp52OL96ZjPkuiRr4jaAleMM-sAWD_q_IIcJLPj8K3qQMRNkrGYNqylm3YEpc-WUdlXTVigHa5ddVozSXmYI4QdWkJmH)). I share the frustration of other analysts who have had only three data points on which to base their predictions. Actually, in my case, one of those data points can be considered an outlier due to the Covid outbreak.Ā  + +Comparing to the Harvard paper, the inelasticity of equity markets was within a 3-8 range. We can tentatively say then that the **Bitcoin marketā€™s inelasticity is \~20, which means it is 3-7 times as inelastic as equity markets.** + +**To put this into simple terms, every $1 used to purchase BTC results in a $20 increase in its market cap.** + +## Ethereum: what to expect from EIP-1559 and PoS + +The next part of this paper assumes that the Ethereum market has a similar inelasticity as the Bitcoin market. Being the second-largest cryptocurrency by market cap and displaying similar volatility movements as Bitcoin, this is a fair assumption. + +On-chain data indicates that people have been holding ETH in anticipation of the transition to proof-of-stake, which is further proven by the reduction of ether on exchanges. Furthermore, the day-to-day price fluctuations of these two cryptocurrencies are near identical. Therefore, we can assume that their inelasticity values are similar.Ā  + +Knowing that both markets exhibit similar behaviors, we will use our baseline inelasticity of 20 to predict the price action of Ethereum after EIP 1559 and the transition to proof-of-stake. The steps I followed to calculate the monthly increase in the price of Ethereum due to its catalysts are essentially the reverse process of calculating inelasticity.Ā  + + The results: EIP 1559 should increase the price of ETH by 2% a month; the transition to proof-of-stake should increase the price of ETH by 6% a month. + +This means that the combined effect of both these catalysts is an 8% **increase per month**. This is an average value, which assumes that everything else remains the same. Short-term fluctuations in price are impossible to predict, I am interested in the long-term. + +## Bringing it All Home, Where is the Price Headed?Ā  + +Consider this: in 2021 so far, ether had an average price of $2,000 and an issuance of 13,500 ether per day. This means that, at $2,000 per ether, the market needs an injection of $27 million per day just to keep the price stable at $2,000. Letā€™s say that ether remains near this price until the transition to proof-of-stake.Ā  + +>*daily issuance x price per ether = daily cost of keeping etherĀ“s price stable* +*13,500 ether x $2,000 = $27 million* + +So what happens when issuance drops by 90% after the transition to proof-of-stake? Well, letā€™s assume that $27 million keeps pumping into Ethereum. Then, letā€™s put our new issuance of 1,350 ether per day. At what price could ether be sustained? + +>*$27 million / 1,350 ether =* ***$20,000*** *per ether* + +After the transition to proof-of-stake, ether will at least increase in price at an average rate of 8% a month, with $20,000 per ether being an acceptable price over the long term after 2022. + +Many people will look at my $2,000 average price per ether with suspicion. These people could argue that using the average price of 2021 is biased since ether has seldom achieved these price levels before in its history. Perhaps it would be more realistic to use the average price of Ethereum going further back in time.Ā  + +The simple rebuttal to this argument is that the number of people who have entered the Ethereum community has increased in such a way that it is almost impossible for ether to revisit the triple-digit range. + +Xavier Gabaix explained this phenomenon in his paper by saying that ā€œa permanent shift in the demand for stocks must create a permanent shift in the equilibrium price.ā€ If I were to use the average price of Ethereum using data from 2020, I would be disregarding the NFT mania, DeFi summer, the [Ultra Sound Money](https://email.mg2.substack.com/c/eJwlkLluwzAMhp_GGg2dtjNoKJBk69IhbSdDB2MLsWVXRwz36Ss3AEGCJHj8n1EJhiXscl1iQofr076C9LDFCVKCgHKE0DsrKSEn0ZEWWckt6USHXOzvAWBWbpIpZEBr1pMzKrnFHxOkwUSgUQrckYYa0XQl5-auTEcoB2Vadbdata-7KlsH3oCEJ4R98YAmOaa0xoq9VfRabNu2el9yyhpqs8xHRSUzVuz6rNhZf_6Mnoxfz5tBTlJc_sW4pRh3nNW0BqaBmoZRxhkBY-uVLo6L30fF8TzQOmYdkzKPYzMK8ny7fLxfvnFT2sOh8L9eBPYlztm7tPfglZ7AvrSnF8J_Gv0AHkJBa3uVCgbGGtayhmJ2emktcDilJ9F2ApXDdilTXmrlHxPE-AfJn4bk) meme, the Triple Halving meme, and other meaningful events and ideas that lured people to Ethereum this year.Ā  + +The market has been channeling $27 million per day just to keep etherā€™s price stable for over 8 months. From my perspective, 8 months is enough data points to defend my argument. + +Some people might say: what about the ether that is being produced and held by miners? They are getting ether for a lower price than $2,000, so we cannot say that the market is necessarily paying $27 million per day to buy the new ether. + +My answer: although it is true that miners produce ether at a cost lower than the market price, not selling this ether for a profit represents an opportunity cost to them. Also, since proof-of-work mining is a low-profit margin business, the cost of producing ether may not be that much lower than the actual market price. + +## My Speculative Predictions for What is to Come + +1. Ether will continue an upward trend throughout 2021. Corrections of \~30% as price moves up, reaching newer local highs. A \~50% correction will only occur in the case of a black swan event.Ā  +2. After proof-of-stake, there will be a ā€œsell the newsā€ event, a correction no larger than \~20-30%.Ā  +3. Ether is headed to a long-term price range of $20,000, the maximum price between 2022 and 2023 will likely overshoot this figure due to speculation, new market entrants, hype. +4. After the bubble pops, ether will stabilize at \~$20,000 over the long term, after 2022.Ā  +5. In 2024, Bitcoin will undergo its 4th halving, moving the entire market to new all-time highs + +## Final Thoughts + +>*Importantly, the data are consistent with a quite long-lasting price impact of flows. Indeed, in the simplest version of the model, the price impact is perfectly long-lasting. This is not necessarily because flows release information, but instead simply because the permanent shift in the demand for stocks must create a permanent shift in their equilibrium price.* \-Xavier Gabaix, In Seach of the Origins of Financial Fluctuations: The Inelastic Market Hypothesis + +Raoul Pal has said [that he predicts $20,000](https://email.mg2.substack.com/c/eJwlkLtuwzAMRb_GGg09_Rg0FEgytUuHop0MPRhbiC0ZkhzD_frKDUCQAAny8h6jMowhHnINKaMzDflYQXrY0ww5Q0Rbgjg4KykhvehIi6zklnSiQy4N9wiwKDfLHDdA66ZnZ1R2wZ8bpMFEoEn20HJoW2qs7UnfcyNoRwg2Wty1xXf-0lWbdeANSHhCPIIHNMsp5zVV7K2itxL7vtdH2PKmoTZhOTsqm6lit2fFLtf370P3UwjHiJykuPyLcUsx7jiraQ1MAzUNo4wzAsbWKw2Oi99HxfEy0jptOmVlHudlFOXl6_r5cf3BTRmPp8P_fjE4lLps3uVjAK_0DPblPb8Q_tMYRvAQC1o7qFwwMNawljUUs_7ltcDhlPai7QQqwjaULS-18o8ZUvoDuHGGzQ) for ether this market cycle, but he believes that the transition to proof-of-stake will be a ā€œbuy the rumor, sell the newsā€ event. I agree with him, but I do not believe that we will have a cycle top in the vicinity of the transition to proof-of-stake. If we reach $20,000 before the transition to proof-of-stake I would interpret that as hype, because the market is not sophisticated enough to price this change, and I would expect a major correction. Reaching $20,000 can happen any time, keeping the price stable at $20,000 will be a result of flows of capital entering Ethereum over an extended period of time, after proof-of-stake. + +Hereā€™s an interesting ramification of my argument: every time Bitcoin undergoes a halving its price should at least double relative to its average price before the halving. Because other factors come into play after the supply shock resulting from the halving *(new market participants, hypeā€¦)* its price increases much more than that. + +That is why I believe that Ethereumā€™s all-time high this cycle will be above its long-term price of $20,000. + +The new all-time highs we reach now will serve as a reference for the next cycleā€™s expectations. Look at the quote above. ā€œThe price impact is perfectly long-lastingā€¦ A permanent shift in the demand for stocks must create a permanent shift in their equilibrium price.ā€ You can be sure that whatever all-time high we reach this cycle will be surpassed on the next cycle. This much is obvious to a great part of crypto enthusiasts and is probably the reason why we did not revisit lower lows after the China ban of May 2021. + +One final note: the timing of this event, the transition to proof-of-stake, is not a coincidence: this will be the bridge between Bitcoinā€™s halvings. It will prevent a longer crypto winter and speed up the adoption of cryptocurrency. A friendly, albeit perhaps unwanted, pat on the back of bitcoiners.Ā  + +Weā€™re gonna make it. +So this is my strategy, you probably have yours but I do what I can afford. + +Of course I would like to invest more money and it is certain that this investment will not enrich me given that the standard of living in the country where I live is not very good, but I honestly believe that in time I can take some nice earnings with this way of investing. + +So every month I try to take 10% of my salary and I put it into a stable coin. Then I wait for the drop and DCA a bit by bit. Sometimes it is less then 10%, sometimes it is more if I can afford it and if I really believe in that coin. + +I don't rush because I am here to stay in a long run, so a small amount of money can become large over time if I invest wisely. + +**Edit**: Hi everyone. I am very happy that most of you liked my post. Anyway, I got a tons of comments saying that what I am doing is not DCA. I am very sorry for being unclear, and I kept answering on those comments. TLDR: I do both, DCA and wait for the dip with the money I have. + +Once again sorry for being unclear, I hope everyone understood me now. + + +TL/DR ā€“ Mass emailed, it was a cover-up to hide changes to my PayPal account. Could have lost tens of thousands of dollars. + +This will be a fairly long story, but it relates to a scam Iā€™ve never seen mentioned on here. A few months ago I had just finished my work at around 10 am when my phone notifications blew up. I looked and it said that I had approximately 100 new emails. This was certainly out of the ordinary. I immediately opened my email to check, and by the time I got in there, there were about 200 new emails. Over the course of the next few minutes, approximately 400 emails had poured into my inbox. + +All of these emails seemed to be introduction emails to some sort of service or product ā€“ but all different. Never the same one twice. They were all mostly ā€œThanks for signing up for BLANK.ā€ This would be the kind of email you get when you want to receive more information about a product or subscribe to an email list. None of the names were correct, and they were varied. Sometimes it would congratulate ā€œSteveā€ for signing up for something, other times ā€œRobert.ā€ There or approximately 50 different names. At first, I simply thought that my email had gotten on to some list that blasted emails to various services hoping I would sign up for one. However, something really didn't seem right. + +I decided I needed to go through my entire inbox and look for anything that seemed out of the ordinary. Since all these emails were not really legitimate, I started looking for anything that DID seem legit. Low and behold, about halfway through, I spotted an email from PayPal. I clicked on it, and it was indeed an email from PayPal letting me know that an authorized user had been added to my account. I hadn't logged into my PayPal that day (though I do use PayPal regularly for invoicing clients), so I knew this was not a change I made. + +I immediately logged into PayPal, half expecting not to be able to log in at all. However, it did let me log in, but I could not see any suspicious purchases at all. I found the ā€œManage Usersā€ section of my account and did see one authorized user. Here is the thing, the authorized user did not look suspicious. It was my name. Actually, it was my middle name, which is the name that I use for my PayPal business account. My PayPal is under my first name, but my clients see my middle name. I almost closed out thinking nothing was wrong, but something still didn't seem right. I hadn't added any authorized users. + +The details are a bit fuzzy here because this was a few months ago, but from what I remember, the phone number for the authorized user was not mine. While they used my name, they had their number. Maybe it wasnā€™t their number, but I still knew I hadnā€™t made any changes. I immediately called PayPal and got through to customer service. They immediately agreed to put me through to their security team because they thought something was suspicious as well. The PayPal security team said that an IP address from somewhere in another part of the country logged into my account and just added an authorized user. While on the phone, the PayPal security team told me to delete the authorized user, change my password, and recommended enabling two-factor authentication. + +From the moment I got all of the emails to the moment I was on the phone with PayPal security, the time frame was only 15 minutes. I think the scammer was going to play the long game on me, but because I took the time to look through all the emails and notice something was wrong, they never had the chance. My PayPal account balance hovers around $200 at any given moment, but it handles tens of thousands of dollars of transfers per month for my business. I always transfer this to my bank account quickly becauseā€¦because PayPal. Had I not noticed something amiss, they could have waited until one of my larger invoices came through and drained me of my money. + +Long story short, if you get blasted with hundreds of emails at once, look through every single one of them to see if something seems legitimate. All of those emails are probably a cover-up for something related to your finances. +Bill Hwang the ultimate degen, retard who was guilty of insider trading more than 10 years ago blow up 15 Billion of his own money (some friends too) and 2 Billion dollars at Japanese broker Nomura (stock down 16 percent), unknown for Goldman and MS (they sold more than 10 billion in block trade last week in BIDU, TME, DISC etc) and many other MM because he was leveraged to the tits (3-4 times) and it went tits up. + +Archegos (one of bill's fund) blow up first (Nomura was the broker for this fund) when 1. ViacomSBS announcing share dilution 2. China limiting tutoring classes and vape both of which our boi bill was big on. 3. Chinese companies delisting news + +RLX (vape) down more than 70 percent + +GSX (tutoring) down from 150 to 30 at the lowest on Friday. + +BIDU, TME, DISC etc all down around 50 percent in 3 days + +&#x200B; + +Bill was also rumored to use an SEC loophole with equity swap to get around disclosing owning more than 5 percent of companies and he basically took loans from MM in NA, EU and japan. + +He first started working for Julien Robertson who give him 25 million to start his own fund back in 2001, he averaged 40 percent return until 2008 and was charged with insider trading later. He then started he's own fund with his own money and quickly grow it to 15 billions and then --> GUH +I can get a 300k loan at 5% from a family member. + +I currently make 60k per year. + +I have 150k in the bank. + +My only debt currently is my mortgage. + +How would you invest for consistent cash flow and building wealth? I am open to any and all real estate investment strategies here in Texas. Thanks! +I can get a 300k loan at 5% from a family member. + +I currently make 60k per year. + +I have 150k in the bank. + +My only debt currently is my mortgage. + +How would you invest for consistent cash flow and building wealth? I am open to any and all real estate investment strategies here in Texas. Thanks! +To avoid confusion: + +Pure cash flow = pure profit after all expenses, including debt = The cash you can use any way you like. + +Just trying to get the meta. I know there will be nuances like access to starting + ongoing capital + investing for appreciation, Geography, etc. + +In my case, + +I am at $700 in 8 months. + +Thanks so much in advance. + +&#x200B; + +EDIT: Since few people raised a good point about cash flow being subjective, here is my definition. Hope it helps! + +Cash flow Income per month = Total Rent per month - Total Expenses + +Expenses = Mortgage Principle + Mortgage Interest + Property Taxes + Insurance + Utiltiies + Capex + Repairs + Vacancy + Property Management + Leasing + Lawn/Snow + Marketing + Legal +https://www.cnbc.com/2020/04/06/janet-yellen-says-second-quarter-gdp-could-decline-by-30percent-and-unemployment-is-already-at-12percent-13percent.html +In a new study on the hydrogen market, Guidehouse Insights expects annual electrolyser capacity to explode from the current 0.5 to 84.7 gigawatts by 2031. This would mean an average market growth of 78% per year and an overall increase of a whopping 1,700%. Of course, there are still numerous challenges before the breakthrough of green hydrogen. Aspects of hydrogen production supply and value chains, including the parts and components that make up the electrolysers themselves, are technologically immature, logistically uncertain and expensive. Other challenges include land and water use, insufficient government policies and incentives, and the need for more infrastructure for transport and storage. + +NEL: RBC CONFIRMS BUY RECOMMENDATION + +When it comes to hydrogen production plants, there is no getting around Nel ASA. However, the company has disappointed in terms of growth in recent quarters. However, Canadian bank RBC still sees potential in the stock. Analysts yesterday raised the price target for Nel shares from 21 to 24 Norwegian kroner and confirmed their "outperform" recommendation. The sales estimates for the hydrogen specialist have been raised. However, the costs are also likely to increase, according to the analysts. Overall, Nel ASA remains one of the best green hydrogen bets. Operatively, the Norwegians had recently achieved success in Spain. The joint project with the Spanish energy supplier Iberdrola has received important financing of around EUR 88 million. The partners want to build one of the largest hydrogen plants in Europe halfway between Madrid and Malaga. A solar park with an output of 100 MW is to be built there. The energy is to be stored in a battery with 20 kilowatt hours and then converted into green hydrogen. +**Preamble:** Michael Burry is definitely a controversial figure. He rose to fame betting against the subprime mortgage market and making a 489% return for his investors between Novā€™00 and Junā€™08 (SP500 returned just 3% in the same period). + +But, I recently observed that in every news article/tweet, he always talks about an impending crash. As recently as last week, he issued another warning stating that there would a ā€œmother of all crashes soon due to the meme-stock and \*\*\*\*\*currency rally that will approach the size of countriesā€. Basically, what I wanted to analyze was + +**Whether Michael Burry always predicts a crash and gets lucky when there is an actual crash or does his prediction actually turns out to be true most of the time?** + +**Analysis** + +The various news articles spanning over the last 15 years were obtained from Google News \[1\]. I flagged the date of each crash prediction and then analyzed the performance of the market/stock over the + +a. Next 1 Month + +b. Next 1 Quarter + +c. Till Date + +I will not be including the subprime mortgage crash prediction in this analysis as we all know how that turned out and how that made him famous. Also, there are no news reports covering Burry before that. + +The performance figures are calculated based on the prediction. If Burry specifies a stock, then I am using that particular stock as the benchmark. If its broader prediction relating to the overall market, then the benchmark used is S&P 500. + +**Results** + +[ ](https://preview.redd.it/y2bct7sphe871.png?width=1028&format=png&auto=webp&s=0dd6d0b6163ad7ed0bfc917af373ce9f65bce71d) + +There was a long gap of 9 years after the 2008 crash where Burry stayed out of the public view and did not make any warnings or predictions about the market. + +His first verifiable prediction after the 2008 crisis [came in May 2017](https://www.lombardiletter.com/michael-burry-stock-market-crash/10895/) where he warned that we can expect a global financial meltdown and World War 3. In his exact words + +>I didnā€™t go out looking for this, I just did the math. Every bit of my logic is telling me the global financial system is going to collapse + +But itā€™s been 4 years since the prediction and the market is chugging along just fine. S&P500 has returned a respectable 93% to date and there is [no imminent threat](https://thebulletin.org/doomsday-clock/timeline/) of a World War happening. + +Burryā€™s next prediction was in [Sep 2019](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) where he said that index funds are the next market bubble and are comparable to subprime CDOs. He said that index fund inflows are now distorting prices for stocks and bonds in the same way that CDO purchases did for subprime mortgages more than a decade ago. He said the flows will reverse at some point, and ā€œit will be uglyā€ when they do. + +This prediction also did not pan out as S&P500 has returned 50% to date over the last two years and the only crash that occurred during this period was the Covid-19 flash crash from which the market made a sudden recovery. + +Burryā€™s next target was on Tesla where he said that Teslaā€™s stock price is [ridiculous](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-reveals-hes-short-tesla-tells-elon-musk-to-issue-more-stock-at-its-ridiculous-price/articleshow/79538731.cms) and that it would [collapse](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-predicts-tesla-stock-will-collapse-like-the-housing-bubble-enjoy-it-while-it-lasts/articleshow/80171258.cms) like the housing stock bubble. I have kept both the articles there which had only one month difference as we donā€™t know exactly when he shorted the stock. The returns would be substantially different if he did it in Decā€™20 when compared to Janā€™21 as Tesla had a phenomenal run in December. + +He [reiterated](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-warns-the-stock-market-is-dancing-on-a-knifes-edge-and-fears-hes-being-ignored-again/articleshow/81154288.cms) again on Febā€™21 that the market is dancing on a knifeā€™s edge and he is being ignored again. He felt the boom in day traders due to the meme stock mania and the increasing cash flow to the index trackers would cause a massive bubble. This prediction also hasnā€™t turned out to be right as the market has returned 11% to date over the last 4 months. + +Burryā€™s only prediction that we can say confidently was right after the 2008 mortgage crisis is that he called [\*\*\*coin a speculative bubble](https://moguldom.com/340499/michael-burry-who-predicted-2008-mortgage-crash-says-bitcoin-is-a-speculative-bubble-sends-prices-lower/) in Marchā€™21. \*\*\*coin has since dropped 28% in around 3 months. Even in this case, we donā€™t have enough data to showcase how this prediction would turn out over the next one/two years. + +Burry was most active in 2021 making the most number of predictions with the latest in Junā€™21 stating that we are currently in the [greatest speculative bubble of all time](https://moguldom.com/358632/investor-michael-burry-who-predicted-2008-subprime-mortgage-crisis-says-this-is-greatest-speculative-bubble-of-all-time-in-all-things/). Only time will tell how this one will turn out! + +**Conclusion** + +I have immense respect for Michael Burry and his skills. He was a doctor and worked as a Stanford Hospital neurology resident and then left to start his own hedge fund that became [extremely successful](https://en.wikipedia.org/wiki/Michael_Burry). But, as you can see from the above analysis, he is more often wrong than right with his predictions \[2\]. + +But, the stock market rewards predictions disproportionately \[3\]. Out of the 100 predictions you make, even if you get 99 wrong but get one extremely unlikely event right your overall returns will still be extremely high. + +The key point here is that if you believe in Michael Burry, you will have to follow all of his recommendations \[4\] and not pick and choose what you feel comfortable with as most of the returns would be from an extremely unlikely scenario. + +**Footnotes** + +\[1\] Google News has a [nifty feature](https://researchbuzz.me/2019/07/22/if-youre-not-using-more-of-google-news-date-options-you-might-be-missing-out/#:~:text=As%20you%20probably%20know%2C%20Google,hours%2C%20and%20the%20past%20hour.) where they allow you to search news in specific time periods. Also, Google News seems to capture almost all the major publications other than the historical archives. + +\[2\] The current analysis is done using all the publicly available records. We are not considering the personal bets he made, conversations he had with his friends/family/investors, etc. This can definitely alter the + +\[3\] Take the classic example of Keith Gill (aka DFV). He at one point had a $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a net profit of $45MM. This phenomenon is known as [black swan farming](http://www.paulgraham.com/swan.html). + +\[4\] At that point, if you are that confident in his predictions, you can [invest in his hedge fund](https://smartasset.com/financial-advisor/scion-asset-management-review). Please note that you need to have a minimum capital requirement ($1 million minimum investment and some extra regulatory requirements) + +*Disclaimer: I am not a financial advisor.* +When my younger sibling turned 18, I showed them the FIRE path and encouraged them to get on it. Since then, I've been a little bummed about how intense they are about saving and investing. I'm worried it's inhibiting their overall life enjoyment. + +The FIRE community is intense about planning and maximizing savings. I think it's useful to develop these mindsets, but don't suffer too much, and don't forget to live. + +The actions that generated the most wealth for me were things I could not have planned for in a spreadsheet when I was 18 and instead, required me to be spontaneous and present. You know what had the most impact on my NW? Going on a hike, meeting a stranger, turning that into a professional connection, getting a job through that, and excelling. + +As you get further on the FIRE path, the relationship between what builds wealth and what you plan for, will become more indirect and complex. For instance, when you're on an entry-level salary just starting out, the totality of your NW increase will originate from your ability to save. However, down the road, a small decision may have a huge impact on your NW, multiple orders of magnitude above your ability to save. Said another way, brewing my own coffee and eating at home did not generate me wealth. Sure it saved me some money around the edges, but it's not real wealth. Yes, that "saving" mindset helps me build and retain wealth, but there must be a balance. + +Going to Starbucks everyday and your ability to FIRE are so barely related, that they are unrelated. If you think there is a relation, you are the target of this message. +Yes, there may be a shit storm brewing. But we don't know when it is going to pop. People have been severely disappointed time and again for putting too much faith in a date or timeline. It just sets apes up for depression, anger, and other negative emotions when expectations are set around dates and then not met. + +The other thing I wanted to address is the more aggressive and provocative behaviour we are seeing posts about. Drone flights, phone calls, sending bananas to them, etc. is really pushing the limits. + +I like the stock and I like the community, but this escalation in behaviour is making me uncomfortable. I want to be a part of the MOASS. But I want a clean fight. The Hedgies are going to use every dirty trick in the book to save their asses. + + +Don't put it past them to call the authorities on us and claim market manipulation, harassment, etc. etc. I feel like the behaviour in the last 24 hours is only giving them ammo to use against us. + + +Let Gary Gensler and the SEC do their jobs. Let the FBI and other authorities do their jobs. Report the Hedgies if you have insider information on their shenanigans. But this in their face stuff needs to stop. + + +They constantly take the low road and win. Let's win this one via the high road please. Don't give them anything that can be used against the community. Please be patient. If the waiting game is too much for you, then find a distraction. + + +I love this community and can't wait to celebrate with you all. But let's do this the right way, apes. + +EDIT 1: Our behaviour is not going to set off the squeeze (other than HODLING). Nothing we say or do will set it off. But there is the very real risk of jeopardizing the community through wreckless behaviour. Patience is going to win the day for us and nothing more. + +EDIT 2: This may go on a lot longer than anyone is expecting. Think about how long Burry had to wait. Set your expectations that this will take a year or two and then you won't be disappointed if nothing happens this week, next week, during shareholder meeting, etc. + +EDIT 3: By all means use the excellent DD here to uncover the Hedgies unsavoury practices and send that DD to the authorities. That needs to continue happening. +I am leaving Wells Fargo after decades of banking. The recent scandal was the last straw after several other reasons to leave. I am looking for long term baking for my wife and I. What are the benefits of choosing either a local credit union or another major bank? +# About $CTRM + +**Castor Maritime Inc. (CTRM) is a global shipping company specializing in the ownership of dry-bulk vessels.** + +It was first admitted to the NASDAQ in the month of February 2019 at a share price of USD7.10. It has grew steadily reaching a high of $19.00 at a point. + +It invested heavily in the emerging seaborne shipping markets early in 2020. However, due to the economic fallout of the COVID-19 pandemic, it fell to an all-time low of $0.11. + +This is also partly due to the COVID-19 restrictions set on the seaborne shipping industry which accounts for almost 80% of CTRMā€™s trading volume. + +# Why you should invest in $CTRM + +With the new vaccine rollouts, COVID-19ā€™s end is in sight and the seaborne shipping industry is well positioned for a comeback. + +CTRM recently acquired new dry-bulk vessels and is **aggressively expanding** and by improving their fleet and increasing their market share. + +CTRMā€™s share price has been steadily increasing. The high Beta ratio of 1.54 can be highly attributed to the sharp decline in price due to the reasons mentioned before. + +President Biden has signaled his willingness to address climate change and the dry-bulk vessels that CTRM is using have a lower carbon footprint. This means that while other shipping companies are consolidating, CTRM can continue its aggressive expansion. + +# Financial Statement Analysis + +**CTRMā€™s financial statements are pulled from Yahoo Finances.** + +&#x200B; + +https://preview.redd.it/dq3i98x2ukf61.jpg?width=624&format=pjpg&auto=webp&s=33673aee228afe04a89720f3472bd75bb2078d9d + +CTRMā€™s gross profit can be seen to be steadily **increasing** over the years. This is due to the constant increase in the revenue to the company. + +CTRMā€™s pretax income has been **increasing** from 2017 to 2019. However, it is having a loss this year. This is partly due to the COVID-19 restrictions and its acquisition of the new dry-bulk shipping vessels. + +CTRMā€™s net interest income has drastically **increased** from 2019. This means that they have paid back a lot of their debts and is deleveraged. This reduced the risk of the company as a whole and the shares of CTRM. + +From the Financial Statement as a whole, we can see the effects of CTRMā€™s aggressive expansion with the increased expenses overall and the rewards of it with its increased profits. + +# Conclusion + +The seaborne shipping industry is poised to make a great comeback at the end of COVID-19 and CTRM is at the head of it. In the industry itself, CTRM also has an advantage over other companies due to its low carbon footprint vessels. With a current share price of $0.65 to $0.70 it is a **good buy** and I predict that it will hit at least **$1.00 soon and $5.00 at the end of COVID-19**. Although it is currently not a large company, its continued aggressive expansion will soon put it as a force to be reckoned with. + +**I am not a Financial Analyst, and this is not financial advice. This is purely my opinion on CTRM. I am currently close to $1000 invested in it and plan on investing more.** +News, Elon, that 20k financial set up mark thing someone did, why bitcoin will go to 10k articles, etc.. the FUD machine churns out all that negativity and where is it all now? Hibernating for when the next "crash" happens. You know, when a 125k BTC crashes to 90k. The FUD is waiting for the right moment again. The FUD will be back at some point in the future. Learn to ignore them all. Hodl Strong. +I have been looking for some stocks to start the wheel strategy with 500 dollars so if anyone has some stocks for that please drop the tickers in the comments thank you +Say your annual salary is $100,000 and your investments are $2,500,000. Now, in the markets, a good or bad week will see a 5% gain or drop. + +How do you find motivation to continue working when a good/bad in the markets will equal your annual salary or more? + +Every weekday, waking up at 7am, trying to get ready quickly, perhaps prepare rush to prepare food for everyone, sit in your car/bus commuting for an hour or more, listening to useless meetings, almost falling asleep in the afternoon because you didn't get enough sleep the night before etc + +All of that hard work "wiped away" with a bad market week. +Like most renters, I use to mail out my rent check a few days before the first of the month to ensure the rent check got to my landlord before the due-date. + +Landlords in my town are notoriously scummy, so I would make it a habit to "post-date" my rent check for the first of the month to ensure it wouldn't be cashed before it was due. I thought this would work. I thought I was "adulting." + +But I was wrong. A few years ago: two days before the first, I got an alert on my phone that my checking account had been overdrawn with a negative -$647.12 balance. Panicked, I checked my bank account only to find that my landlord has already cashed my rent check. "That doesn't make sense," I told myself. "There's no way he could have cashed it before the first. I wrote the first of the month on the check. Somethings wrong." + +So I called my bank's customer service number only to find out that my bank has honored the check and posted it to my account, overdrawing my account to the tune of a sweet $38 free. And trust me, back then, $38 was the difference between two weeks of cheap Top Ramen and two weeks of luxuriously baked spaghetti. + +Contrary to popular belief, banks are under no legal obligation to the honor your request to postpone processing a check until the date written on a check. Even if you "post-date" a check for some date in the future, the payee can immediately cash the check upon receipt. Why? Once a check is signed, the check becomes legal tender and a bank can process the check at their discretion ā€“ even if that includes disregarding a check's written date. + +The bottom line: Never write a check you an amount you cannot cash when you sign your name. It is up to the individual recipient of the check to honor the date written on the check. While there is a long-standing tradition of post-dating checks, there is no legal requirements for banks or payees to honor your request to post payment to a later date. +When RSI is 40 or below I play a Call with a 3-5 day exp. If RSI is above 55 I play a Put with same exp if at least a few days. In the past two weeks RSI hasn't let me down and I've made a killing. Yesterday I had 100 call contracts (roughly 5k). I bought them late TH when RSI had tanked to 30. By Friday afternoon the stock had jumped from my entry of $11.31 to over $12.50 and made 40% profit. I am averaging two plays a week on Draft Kings and pulling 15-40% profit each play. +Good Morning Apes! + +Some pretty exciting news popped up last night and I wanted to share it and give u/yelyah2 a big shoutout for this amazing work. + +[Large GME Delta Sensitivity Spike](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) + +[These proceed large movement in the price as the options market is not realizing the same value as the underlying. Credit to u\/yelyah2 for this chart. ](https://preview.redd.it/2upnq6mzyp481.png?width=1353&format=png&auto=webp&s=04b52bd9798c6f3a4cdaa2387aa14bf43db8a2c4) + +This is where we are on my current predicted cycle with last years cycle overlaid in white. + +[From MOASS the Trilogy](https://preview.redd.it/g4yqtkga3q481.png?width=2385&format=png&auto=webp&s=877a354716a6fc069f4911c178f865b0920f3d0f) + +This delta sensitivity spike coincides with my predictions for Dec.17th and January 21 T+2 exposure windows as this same spike was also seen last year before the run in January. + +This data is even more relevant because it is coming after my DD on these gamma exposure and FTD windows. + +Sure it may mean nothing but it sure as shit confirms my bias and jacques le titties. + +If you would like to see my take on the effectiveness of options and their importance to MOASS + +[Options and DRS](https://youtu.be/tReNorPwDCM) + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(you can save these links in case reddit goes down) + +>I also want to put this here for anybody who feels that I am somehow deceiving apes into funneling me their money. Front and center where it cannot be missed. +> +>*\*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***\*.\* +> +>You can use ad-block while watching my channel to ensure that I receive no ad-revenue from your views or visits. I do not post donation links in this sub or on my reddit profile per the rules of this subreddit. All of my content is free to view in this manner and it will ensure that I receive no compensation. + +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 + +Not a lot to speak on pretty flat all day due to large put volume a lot of that sold off near the end of the day releasing the hedge and the price rose into close up 2% and green on the day. Next week will start to get interesting as we approach the next exposure window on the 21/22/23. + +A lot of people were asking about the SEC document I read on stream earlier here it is. + +[https://www.docdroid.net/OEIwf25/s71615-60-pdf](https://www.docdroid.net/OEIwf25/s71615-60-pdf) + +Thanks for tuning in, see you Monday! + +\- Gherkinit + +https://preview.redd.it/oksakp2h6s481.png?width=761&format=png&auto=webp&s=5204578639a1e7f4007faa91e3f43e1392281eda + +Edit 2 12:38 + +Sitting on this floor at 150, the next real support to the downside is 143 and we haven't seen those levels since Mar/Apr, options interest is still high keeping volume up. + +https://preview.redd.it/q5cqasdn4r481.png?width=1485&format=png&auto=webp&s=78299177ce114fa917e2b26b7a8c4d1452a95448 + +Edit 1 + +Morning spike and then more put contracts coming in, they definitely want to keep this way below max pain this week. + +https://preview.redd.it/ikwtpw3ejq481.png?width=1473&format=png&auto=webp&s=525f18cd5499675f914b480b0fa2e8e20e095027 + +# Pre-Market Analysis + +GME having a decent pre-market up 1.77% and already testing 160. Historically GME's dips into this range do not last long retail and institutional buy pressure are high and options interest peaks. If my current analysis of the GME situation is correct, then we may not see prices this low for quite some time, presenting excellent opportunity to average down positions. + +Volume: 38.10 + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (350,000 borrowed this morning) + +Fidelity - 879,132 @ 0.75% + +[GME pre-market 1 min chart](https://preview.redd.it/bxxchk314q481.png?width=1480&format=png&auto=webp&s=6e6929147c038d919799604492f427c833dc1ced) + +**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.* šŸ˜ + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +EDITED AFTER DECEMBER 15: + +Even though the December 15 "open enrollment" deadline has passed for many states, there are a handful of states that still are open to "open enrollment" for ACA/Obamacare marketplace plans for 2019. + +In other words: In some states, you still have time to sign up for 2019 coverage, so don't give up. Check on the deadline for your particular state of residence! + +Regarding the court ruling that came out in the past few days, the federal government's healthcare.gov website now states: "Court's decision does not affect 2019 enrollment or coverage." + + +What it do my fellow apes. Listen here and listen good because we will not get another chance at this. Retail investors are gaining the spotlight through these leaks from the class action suit against Robing da hood and various brokers. This is our chance to flip the script and put the pressure back onto the SEC to fucking actually do something about this. + +The Revelations we have seen from these transcripts are damning to say the very least. I don't speak for anybody here but me personally I am outraged. Not only did they lie in front of congress, they've been gas lighting us for 9 months about how they needed to perform those actions to protect us. We all knew it was bullshit, but now we have concrete evidence that Market Makers and Brokerages colluding together to stop the MOASS. They changed the fucking rules when they were losing and they did it together. I will never forget that day and I will never let it go. Neither should you. Yes we have moved on from the dark days on RH however, that doesn't mean we should let it go. We need to bring peoples attention to these transcripts and get as. many eyes and ears and mouths possible, talking about how the biggest players on Wall Street had to literally cheat and prevent you from squeezing them. + +Do not let this go. Do not let this blow over. This is a major financial scandal that should be front page news in my opinion because this goes beyond just GME, this shows their hand that they are not in it to help retail out but only to lie, cheat, steal, and collude in order to win. If me and you were to do this we'd already be behind fucking bars. We may not be able to get people to come in to the waters as deep as apes are, but if we can get normal people to understand January 28th and the obvious collusion by the elite to fuck the little guy, maybe we can put pressure on Gensler to actually produce a meaningful report with meaningful conclusions. + +I am not advocating any group action. Merely encouraging you, as an individual investor who was financially impacted by this financial scandal aforementioned above, to keep being loud and keep fighting. The only reason we're even hearing about any of this is because we didn't roll over and let it go. We continued to fight. And we know damn well that robbing the hood is not the only broker involved in this collusion. If we keep being loud and involved, we will force the other participants into the spotlight as well. + +You all want change? You wanna change the broken corrupt system? This is how you do it. Along with buying and holding as well as DRSing, we're forcing ourselves into a seat at the table. This is our only opportunity to change things and change them for good. After MOASS, if we let them ride off into the sunset, in 20 years we will be right back here again with a different set of circumstances but alas the same corruption. It's a given that we all want our tendies. + +But we need to continue to participate in voicing our concerns and putting the heat on to the regulators. Do NOT let them sweep this all away. This is arguably the biggest financial corruption in history. They not only counterfeit your shares that you own, they all colluded when they were about to lose their own game and changed the fucking rules in the middle of the skirmish. And now have colluded to force retail orders to be executed off exchange and into dark pools. They used every loophole in the book to gaslight you and make you seem like dumb money. And to this day continue to lie , cheat, manipulate and change the rules in the middle of the game. They cheated you out of your money. That in itself is fucking criminal. + +Sorry for the rant guys but I really needed to get this off my chest and I know y'all are the only people who can relate +How did your 2019 go? Here's how mine went. + +$614000 post tax income and $230,000 saved for an SR of 37% (inclusive of accounting for buying a $70K car in cash) + +\+38% investment performance on my liquid securities (marked all RE, including home, and alternatives at cost/2018 values to do this back of napkin calculation). + +Ended 2019 with a NW of $2.8MM. + +Looking forward to 2020, I see things getting a little better - we leased our previous home out for $15,000 a month (it was previously leased for $10,000 a month and sat vacant for a few months in 2019). Should see income increase as well, but comp is bonus based and I'm in the volatile hedge fund and investment industry. Don't see us buying any more cars in 2020 unless Tesla comes out with the Roadster. +I get it, who doesnā€™t like to scratch that gambling itch now and then on a shitcoin everyone knows is a pnd, but this sub has turned into 50 posts a day all with the same shit. + +*animal* coin earliest youā€™ll be able to get in! + +Coingecko listing soon! + +Deflationary! + +If you missed Hoge, youā€™ll be able to make gains in this one! + +Itā€™s time to clean this up and get back to the usual projects that actually have a potential use case and are super cheap. +I (27M) have saved 25k which is invested in ETF's, and 15k currently in a HYSA. No debt. + +I've run a small company doing home services for the last 3.5 years. Got probably 10-15k worth of tools, all paid off. + +When I started my company I worked myself to the bone, and now that I'm at a stage where I can coast a bit, I'm finding it hard to find the motivation to work. + +When I started, I had debt, and no savings, so I was pretty desperate to turn things around. I had a very strong reason for doing what I was doing. + +Now that I'm not in desperation mode anymore, and I have a bit of a cushion, I find myself valuing free time much more than money. I feel like that should be a positive thing, but my brain is making me feel guilty for not chasing the money like I used to. + +I do want to retire early, but for a few years there I felt like I was sprinting through a marathon. I've realized that I don't make enough money to be one of those people who retires in their 30s, and I can't imagine pushing myself as hard as I have been for decades to come. + +If I can make a comfortable living working 3 or 4 days a week, why shouldn't I? Sure retirement will be pushed back, but I also don't want to destroy my body in the process of getting to retirement. My work is very physical. + +I've lost my motivation I guess. Need to figure out a new "why". Or maybe I shouldn't, and just figure out how to enjoy my time off more. I absolutely love hiking and camping, but I never have the time or energy to do it. Just makes me wonder where my priorities are. I used to know.. +Hi all, I'm from London, I'm 26 and have always lived at home with my parents in Zone 4, apart from uni in another town. I'm looking to move out in the next few weeks and wanted some input on how realistic I'm being... + +I've just started a new job which pays me 27k a year, after tax my take home is 22k, which is Ā£1838 a month. +The places I'm looking at in North London cost around Ā£750pcm with around Ā£100 on bills (shared houses). +This leaves me with Ā£988 a month +My phone, insurance and family Spotify account come out to Ā£67.24 +This leaves Ā£920. +I have Ā£200 that goes into an ISA monthly and I'd like to keep saving the additional Ā£200 I save at the moment +This leaves Ā£520 for food, socialising and travel. I'd like to contribute Ā£150 a month to my family's rent and would maybe sacrifice my additional Ā£200 saving for this. + +I work from home (permanently) for four days a week and would go into the city for my master's one day a week, on the weekend I would also go out to see friends and/or my parents. I would look for a cheap gym membership, although the things I love doing are cycling, swimming and climbing so maybe wouldn't need a gym membership. I'd also like to learn to drive but I'll see how everything else goes first. + +Do you think this is reasonable to expect to do? Do you have any tips to make this work? + +(I know staying at home would be cheaper but I'm struggling to maintain good relationships with my parents as we live in the council flat I grew up in and with everyone working from home, living and working in my room 24/7 is starting to take a strain on me with no other space I can work in.) +I, like many others here learnt the hard way, as in the costly way. + +In my first 4-6 weeks of trading, I lost 50% of my capital (crazy I know) and here's what I learnt which I hope can be useful to the new guys and girls: + +1) Don't underestimate education/learnings. + +I started off with a sizeable amount of knowledge, but as I sit here now, many many months later, I now know it was nowhere near enough. So, just when you think you know enough, you don't, and in fact, you need to educate yourself way more. Youtube is honestly the best place to learn anything and everything. + +&#x200B; + +2) Practice accounts!!! + +Some platforms offer a practice account - not sure if this is a common functionality , I've only stuck with one. But utilise if you do have access. + +Don't think you need to rush everything to start making money quickly. There is no rush. Always better to be safe than sorry. + +You can learn so much from practice accounts - test all your knowledge and theories there. See which ones works and which ones don't. + +&#x200B; + +3) Learn from your Ls and your Ws + +Major one here. Sometimes you may enter a trade based on the last few candles, and everything points to an easy W, but next thing you know, you've just taken a big fat L. Learn from it. Understand why you made a loss. If you can't understand it, then go back to point 1 and 2. + +&#x200B; + +4) Pick the time period you want to work on + +I made a mistake of flicking from 5mins, to 15mins, to 30mins and to a daily view. Don't do this - to a certain extent. You'll want to see what the bigger picture is, but also the detail, but this can really throw your strategy out of the window if you keep flicking through them. + +&#x200B; + +5) Don't trade for the sake of it. + +If you're coming to the end of the day, and still can't see an opportunity to jump in, then call it a day. + +Don't try to force a pattern or strategy, the market will not bend to your needs. + +&#x200B; + +6) Lastly, don't bet big - yet + +As easy as it is to throw 25%+ of your capital in a trade, because you want a nice amount of profit. Don't. Get some confidence, get some education, actually know what you're doing, and get yourself a healthy win rate first. + +Even if your wins are just less than $5 per trade. At least your Ls will be small. + +&#x200B; + +Hope that helps. Even as I write this, I'm still learning and defo do not consider myself a pro trader, but I'm at a decent point. +I see so many comments on here anytime the market drops like "stocks are on sale" or "if you loved stocks last week, then you should love them even more this week," which seem to focus only on the price, without understanding what the price of a stock or the market consists of: future earnings expectations. + +Just because the price of a stock was X last week doesn't mean that price has any relevance to the price this week. And just because a stock rose 100% last year, doesn't mean that the stock is any more or less attractive today based on its past history, at least from a fundamental perspective. + +When you are only factoring in past prices (without analyzing new, forward-looking information) you are engaging in **anchoring,** a psychological concept that overweights initial information you are presented with. + +Here is a relatively concise analysis of the current market's outlook from Frank Curzio, who like every analyst, has had his hits and misses, but is usually quite bullish that actually displays analysis based on new information related to earnings. I would link, but this came from an email update. + +\*\*\* + +According to Capital IQ, S&P's research division, companies in the S&P 500 are expected to generate a combined $181 in earnings per share (EPS) in 2020. That's 14% higher than the $159 in combined EPS the S&P 500 generated in 2019.Ā  + +Now that the coronavirus has spread... there's no way earnings are growing 14% this year. In fact, Goldman Sachsā€”which once called the virus a ā€short-term problem"ā€”just published a report saying earnings will not grow in 2020.Ā  + +I think this is conservative, given the number of companies that have lowered earnings over the past two weeks (including Apple and Microsoft, two of the biggest names in the S&P 500). But it's important that investors understand these numbers.Ā  + +If we see no earnings growth in 2020... that means 2020 earnings will come in at $159 a share, at most. But if we divide the current price of the S&P 500 (about $3,050) by the $159 in combined earnings... we can see that **the S&P 500 is** **already** **trading at 19x forward earnings.** + +In other words, even though the market pulled back more than 10%... the S&P 500 is still trading like there's no coronavirus. (Remember, earnings are falling alongside the markets... that's why the market is still expensive despite its 10% correction).Ā  + +At 19x forward earnings, the markets are still pricing in significant growth. Yet, earnings probably won't grow at all in 2020...Ā  + +What does this mean? + +**There's likely another 20% downside from here.** + +With no actual growth forecast for 2020, the market should be trading closer to 15xā€”the 10-year average... and more than 20% lower than current levels. + +Of course, this downside could be limited if we find a vaccine for the coronavirus in the short term... or if we see massive government intervention to help backstop the markets. (Things like lowering interest rates, preventing short selling, or injecting cash directly into the markets.) + +\*\*\* + +So anytime someone says stocks are on sale, or cheap, or a good time to buy, you should ask them, "what are you basing that information on?" The fact that the price is cheaper than it was last week/month/year means nothing without understanding the earnings picture. +So basically when I graduate from uni I'll be in a financial position to pay off my HECS. I estimate it to be around 30% of my net worth at that time. So, it wouldn't wreck me but I'd still be a big chunk. + +I realise the opportunity cost of not putting that money in an ETF like VDHG. But am I crazy to want to pay it off? I know it's not the most mathematically optimal play, but I can't shake the idea of not having that debt looming over me and just having a clean slate to start my career with. + +Any thoughts would be greatly appreciated. Cheers. +Hi there! Iā€™m (25F) employed at a job that pays just 30k a year. This is not a long-term plan for me but the unfortunate reality is that I donā€™t have much upward mobility and already have a degree and am about 18k in federal student loan debt. + +Iā€™ve been able to save a little over 20k. This is my lifeboat and allows me to breathe easy knowing I can take care of myself. Monthly expenses include rent and healthcare with total to about $1,000. + + +Honestly, Iā€™m terrified of the future of my housing, medical access, etc due to my limited income. What steps can I take to best tackle my financial well-being? +Iā€™m still in my early 20s, just starting out in the world. One thing that Iā€™m very fond of is my family farm(inactive with just barns and a field). My Father owns it but I have siblings who donā€™t care for it at all. Iā€™m afraid thereā€™s going to come a day where I lose it all because I canā€™t afford to buy them out. Iā€™m almost certain itā€™s going to play out that way. Of course, I can forgo other inheritance like cash and other things but I donā€™t know how thatā€™s gonna play out. + +What can I do to save over the next 10 years to be prepared to buy it from my Dad, hopefully avoiding sibling inheritance issues? Value is about $250k. Thank you! +Hey folks, + +In exciting news today, GoodRx filed to go public. If youā€™ve never used GoodRx, theyā€™re primarily known for helping Americans get discounts on their prescriptions. + +They are also a profitable company with growing revenues. Their technology is top notch with the sheer volume of data and touch points that they process. + +Their S-1 is here : https://www.sec.gov/Archives/edgar/data/1809519/000119312520234662/d949310ds1.htm + +And CNBC did a write up on them too: https://www.cnbc.com/2020/08/28/goodrx-files-for-ipo-has-been-profitable-since-2016.html + +Let me know what you think about GoodRx and/or if you or your family members have had experiences using their services. +[https://www.barrons.com/articles/nvidia-nvda-stock-price-target-boosts-earnings-51636640350?siteid=yhoof2](https://www.barrons.com/articles/nvidia-nvda-stock-price-target-boosts-earnings-51636640350?siteid=yhoof2) + + "Nvidia Stock Gets a 49% Price Target Boost Before Earnings. Why Analysts Are Bullish. + Analysts led by Rick Schafer at Oppenheimer reiterated their Outperform rating on Nvidia stock and raised their target price on the shares by 49% to $350 from $235." + + "Meanwhile, Christopher Rolland at Susquehanna reiterated his Positive rating on Nvidia stock and hiked his target price to $360 from $250. " + +Is it just me or do these guys just raise their price targets as the stock soars so their performance on websites like tipranks doesn't suffer? Nothing about nvidia's performance has changed this quarter that would suddenly warrant an increase of nvidia's market cap by 300 billion dollars. I think price targets are an important tool, especially for retail investors, but lately these guys seem to just make it up as they go. At $350 nvidia is a 900b company on 10b of forward net earnings. That's just bonkers and these guys seem to base their price targets on how far they think the current bull market can inflate the ever increasing sentiment instead of what the stock is fundamentally worth. +is anyone here actually retired and living off of dividends? i mostly see posts about people on their way to retirement - but i am wanting to see if anyone here is actually retired and successfully living off of dividends. If so, how is your port structured and what are your holdings? 100% dividend payments or using that with combination of 4% withdrawal with something like voo or spy? are you worried about stock depreciation or unphased by downtrends (this year the principal could be down many years of dividend payments) +**Case for Nouveau Monde Graphite ($NMGRF)** + +I started doing some research on this company after I chanced upon a DD from this sub and decided to do an in-depth analysis on the company. After countless hours of research, I'm ready to conclude why $NMGRF will be one of the biggest plays in the near short-term and most value long-term play as well.Ā  + +***ā€œNOUVEAU MONDE GRAPHITE*** *is set to become a key player in this global revolution as it develops the only fully integrated source of green anode battery material in North America. Targeting full-scale commercial operations by early 2023, the company will provide advanced carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets. With low-cost operations and the highest of ESG standards, Nouveau Monde Graphite will become a strategic supplier to the worldā€™s leading electric vehicle and energy storage manufacturers, ensuring performing and reliable advanced materials while guaranteeing supply chain traceability.ā€* + +**Key Points:** + +* Exponential Increase in Future Demand for Graphite +* Major key milestones met +* Potential partnership with Tesla & other key players +* Institutional and Insider confidence + +**Demand for graphite** + +>With the global electric vehicle (EV) market projected to reach $802.81 billion^(1) by 2027 (CAGR of 22.6%, EV companies are gearing up to increase their supply of EVs into the market, thus facing a sharply increasing need for raw materials. Lithium-ion batteries as a result, are now key components in the push for green energy, even outside of the EV industry. + +Graphite is fundamental to all commercial battery technologies, with the anode in lithium-ion batteries made out of 100% graphite, the demand for graphite will indubitably be tremendous.Ā  + +&#x200B; + +https://preview.redd.it/em3uoj42vgi61.png?width=490&format=png&auto=webp&s=0ca28423424611a822deb6911dd59d69ce4a9849 + +**Major key milestones met** + +Investorsā€™ and to-be-investorsā€™ previous worry *(bear point)* for $NMGRF would be whether or not they would be able to receive the necessary permits by the Quebec government to commence operations. + +However, their licensing from the Quebec Government for the operations of the mine has been approved very recently^(2), generating huge optimism for the company. This fact is not to be overlooked as licensing has proven to be one of the major hurdles for mining companies due to unwanted delays which could prove costly for their entry into the market. In addition, this is a strong indicator that the company has the necessary expertise, and that the government has confidence in the companyā€™s ability to deliver on their promises for the future of sustainability coupled with profitability. + +**Potential partnership with Tesla and leading automobile players** + +Nouveau Monde Graphite has been actively courting Teslaā€™s Elon Musk for a partnership, even uploading a very candid video^(3) regarding the matter. Nouveau Monde Graphiteā€™s Director of IR had recently revealed^(4) their involvement with Tesla in the form of discussions for a possible partnership (along with talks with other leading automobile companies). Constantly updating their news section and heavy investor engagement is also a clear indication of their belief in transparency and accountability to investors. + +Elon Muskā€™s direction for Tesla has been toward clean and green forms of energy tech. With Nouveau Monde Graphite presenting a cost-efficient yet sustainable alternative to their low-cost competitors in China, I believe that it is extremely likely we see a deal made with Tesla and even with other major players in the industry (less the Chinese companies) facing enormous pressure to be responsible to the environment in their manufacturing processes. Needless to say, their aim for an all electric mine with carbon neutral mining is align with Tesla's environmental friendly policy. As for what this will do to the companyā€™s stock price in the future I will leave it up to your imagination. + +**Institutional and Insider confidence** + +Institutions and insiders own up to 50% of all shares as of time of writing and they are definitely not selling. It is clear to see that those in the company wholly believe in its overwhelming potential. Key institutional investors such as Investissement Quebec, the investment arm of Quebec Canada and Pallinghurst group - a leading hedge fund in the mineral industry have also claimed their stake in the company, further signs of confidence in the companyā€™s ability to fulfill the marketā€™s expectations. + +The confidence and vision of founder, President and CEO Ɖric Desaulniers is worth noting as well. Recently increasing his holdings by 375k shares on 29/12/2020, he believes that graphite will have an irreplaceable role in the manufacturing of lithium-ion batteries. His expertise in the field of geology and wealth of experience in geological services over many years makes it difficult to not trust in his vision for the companyā€™s future. + +A recent tweet by Canadaā€™s Minister of Innovation, Science and Industry on Nouveau, showed his optimism for the company and his belief that the company will lead the next generation of battery supply chains. + +Moreover, Nouveau Monde Graphite is ranked 2nd on the OTCQX Top 50 companies for 2020. A title that is well-deserved given its strong fundamentals and potential.Ā  + +Given the value this company has to offer, a small company now may very well be one of the leading players of the EV battery supply chain in the future.Ā  + +**Executive Summary** + +$NMGRF is a value stock with astronomical long-term potential given the industry outlook (rising demand for graphite) and position of the company. Iā€™m really bullish about the stock and thereā€™s not much bear points other than there being no finalised deal with automobile companies for now (NDA with Tesla and some other companies = positive outlook). + +I have holdings in the company so there could be some bias but the bull points have already presented itself and Iā€™m a firm believer in the future of the company and the industry. + +Just want to put it out that none of what Iā€™ve mentioned here constitutes investment/trading advice and I am not a professional financial advisor. Feel free to bring up any concerns or areas of interest which I may have overlooked, thanks for reading! + +&#x200B; + +1:[https://www.alliedmarketresearch.com/electric-vehicle-market#:\~:text=The%20global%20electric%20vehicle%20market,with%20a%20CAGR%20of%2020.1%25](https://www.alliedmarketresearch.com/electric-vehicle-market#:~:text=The%20global%20electric%20vehicle%20market,with%20a%20CAGR%20of%2020.1%25). + +2:[https://nouveaumonde.group/authorisation-matawinie-mine/](https://nouveaumonde.group/authorisation-matawinie-mine/) + +3:[https://www.youtube.com/watch?v=dEgxEfXdbng&feature=youtu.be&ab\_channel=NouveauMondeGraphite-TSXV%3ANOU](https://www.youtube.com/watch?v=dEgxEfXdbng&feature=youtu.be&ab_channel=NouveauMondeGraphite-TSXV%3ANOU) + +4:[https://www.youtube.com/watch?t=1499&v=Tw2s-cjB2nc&feature=youtu.be](https://www.youtube.com/watch?t=1499&v=Tw2s-cjB2nc&feature=youtu.be) + +&#x200B; + +&#x200B; +Fact is many more shares need to be DRS'd. Appears to be a lot of fence sitters/toe dippers. + +There is also recently a lot of talk about how to sell from Computershare. Im hoping this talk is mostly preparation discussion among single share holders/people intending to sell few DRS'd shares in case the brokers shit the fan. The implication of selling DRS'd shares is a conflict of interest with the premise of an "infinity pool" where the float is totally locked which provides the biggest leverage in setting "any price" as all shares not locked up are needing to be bought back. + +At the same time its important to realize that as virtuous as saying DRS shares are "not for sale" when the ticker starts climbing I suspect that stance is subject to change. So really a true infinity pool is an unlikely outcome but still a worthwhile direction to pursue. + +Looking to discuss what your thoughts and plans are for DRSing. Cheers. + +Ps. DRS is the way. +I was evicted from my apartment a few months ago (nonpayment, being unemployed sucks). When collections called, they said I owed ~$3500, so I asked to dispute the debt. They tried to tell me I wouldn't be able to do payment plans (plus a bunch of other crap) if I disputed it, but I told them I was sure I wanted to. Fast forward to now, the debt was reduced to ~$1700 and we're working on a payment plan for it. Thanks again for your advice! + +Edit: Some clarification on the $3500. The management did a lot of shady stuff, and I'm not surprised that they tried to make me pay twice as much as I owed. If you're in a similar situation, I'd recommend reading over the comments, as people are posting good information. Asking to "validate the debt" worked well for me, but make sure you know what you're doing. +Programmed my first basic algo, a simple SMA strategy. My friend was like holy hell, you're gunna be rich off 15 lines of code. He had the champagne and strippers ready to go. I told him to chill. + +Seeing as I'm still in the baby phase of learning algotrading and the like, what are some common next steps? + + +Hello, + +I need your TA Book advices that explain technical analysis methods with statistical evidence on backtests. It can explain indicators, patterns etc based on statistical record like Bulkowski's chart and event pattern rank books. + +Thank you in advance. +I need help, I have a job lined up where after living expenses I would take home $60,000 cash that I want to invest into real estate... is this enough to build a living income without a side job? Or should I use the 60k to become a nurse where Iā€™d have more stability?.. Iā€™m trying to have stable finances at a young age, I would like to be traveling while Iā€™m young.. not stuck In school, help me out here +My business is in online sales. Past years have had net under 300K on more than 10M in sales (That net is extremely low in my industry). This year, Corona has changed a lot of things and I am looking to end the year around 2.4M net at about 20%. I am currently renting 12K sq ft of warehouse for 6,500 a month. My utilities are another 1,000. Add in insurance and that is an extra 600 a month so total expenses on the building I am in now is around 8,100. + +In my area (Tampa) I have looked at hundreds of warehouse online over the last 2 years to get a feel for the market (looking at 15-30K sq ft with a max of about 2.2M). I finally found a building that looks good but I am not sure if I can swing it. The profit above may seem like a lot but I have carry costs for inventory in my industry (about 1M at any given time). + +[here](https://imgur.com/aDqUC24) are some ROUGH estimates I am throwing together on my own. I have a banker and realtor that are guiding me along but I just wanted to see what opinion you guys have and what I am missing or what situations I should plan for. Below are some notes about the building: + +Property is 7 acres. 2 acres are designated wetlands (at the very back of the property). +The full 7 acres is AE flood zone which requires flood insurance. Current owner states the property has never brought on water and he has about 2M of machinery in the warehouse so I believe him. Zone AE requires flood insurance. +18K sq ft of warehouse and 6K of office. +8K sq ft of the warehouse has AC. Here in Florida, that will cost me about 800-1000 a month if I want to cool it (my current WH does not have AC) +2.5K sq ft of the office has AC. The rest is used for doc storage. +The office is wayyyy too big for what I need. Since the warehouse is AC, I am considering building out my small office in the warehouse and renting the full 5K sq ft office out. Office space in the area rents for 13-20 a sq ft. If I could rent at 10sq/ft, that would give me about 5K of income a month from just the office space. +3 acres are currently rented to a guy that subleases the space out to truck drivers and he pays 2,400 a month. I could most likely rent direct to the truck drivers and increase that revenue. Could use it for car lot overflow or rental car overflow in the future if needed. + +This would increase my current property and utility expenses from about 8,100 a month to about 15,000 a month (includes the 2,4000 a month in rent from the truck drivers). I know I need to get my numbers completely in order (attached spreadsheet is super rough estimate). This is a significant purchase for me and exciting and frightening at the same time. I grind 24/7 and know this project is going to take a year to get everything in order. Any insight or callouts are appreciated. +Iā€™m wondering if people would be willing to share the cash on cash returns / cash yields of their properties / portfolios? Iā€™m trying to get a sense for what level of cash flow I should be targeting as I look at deals. TIA! +My property has two houses. My tenants live in the front house (duplex) and I live in the back house. We live in a really safe little town and on the Main Street of the city, very close to stores and restaurants with people always walking around. My family originally chose this street because of the liveliness since usually quiet neighborhoods, the chances of break ins or any suspicious activity is usually greater, however like I said my city is very safe and that almost rarely happens regardless of a busy or quiet neighborhood. + +Outside of the front house, we have a nice little white fence that is pretty similar to the rest of our neighbors. I donā€™t exactly know why but the upstairs tenants want to replace the fence with a much taller fence and they want it to be able to close and lock it (currently thereā€™s an opening right in the middle with no door). + +I told them no because first of all, we are not living in a community-type neighborhood where thereā€™s a giant fence that blocks all houses. Second, it would look weird as hell to be the only house on the street with a tall ass fence blocking our house from the world. Literally all our neighbors fences are short and I donā€™t want to be the only house that stands out. I feel if anything, that will give people the opportunity to wonder what weā€™re hiding and that may cause break ins...? Idk. + +The lady starts making excuses and doing petty things like saying how some people were eating on the front lawn and left garbage on the ground. She seriously dragged me to the front to check it out when for all we know, she couldā€™ve placed the trash there. (Seriously, who would have a meal in someone elseā€™s property...?) Then she said one time, someone tried to break into their house and attempted to screw open the screen door (we have 2 doors: a metal screen door and a wooden door) when thatā€™s completely not true because I have security cameras installed in the back of my house and can see clearly if people are coming in and out of the property. She, too, have said they installed security cameras, and when asked she said the cameras have not been working lmao (and she was praising and recommending me the product from amazon at one point). She says she doesnā€™t feel safe and wants a tall fence to block people from coming in. Idk what sheā€™s talking about because sheā€™s been living here for the past 10 years and nothing has even happened. Additionally, sheā€™s always saying how she knows the neighborhood cops and that theyā€™re ā€œfriendsā€ so if thatā€™s the case, why doesnā€™t she call her cop friends for an attempted ā€œbreak inā€ if sheā€™s so scared. + +Honestly think she just wants to replace the fence to her own liking and that is not going to happen. How do I make it clearer than I already am?! +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 investorā€™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? +It has to be said: an overwhelming amount of crypto ā€œinfluencersā€ are no better than used car salesmen or snake oil salesmen. + +Their enthusiasm during bull runs is almost never curbed by the principles of sound investing practices. + +Guys like James from Investanswers try to sound responsible by advocating for diversification within the Crypto world, while at the same time publishing hour long videos ā€œanalyzingā€ data which proves how one can retire by 2035 on ā€œXā€ coin because ā€œcharts.ā€ + +These are the people who pump coins (Terra Luna), claiming future price points of $80k while not being able to identify even a single red flag. + +These are the same people who advocate for giving up your keys to companies like Celsius to earn a nearly risk free yield. + +But they arenā€™t culpable of anything because they start their videos with ā€œthis isnā€™t investment advice.ā€ What they should say is ā€œthis isnā€™t good investing advice.ā€ + +Itā€™s easy to look smart in a bull market, but itā€™s when the tide goes back out when we find out who was swimming naked. +&#x200B; + +### Ethereum + +2021 was a fantastic year for crypto, in particular Ethereum. Ethereum reigns as **the second-largest blockchain** despite the slew of competition from Binance SC, Solana, Avalanche. But it remains far ahead showcased by various metrics, and there are no signs of slowing down. + +#### Total ValueĀ Locked + +[*How to use TVL metrics*](https://medium.com/coinmonks/use-tvl-to-spot-the-next-hot-coin-crypto-market-update-12-28-dbae6020294a) + +Ethereum ended 2021 with a Total Value Locked (TVL) of $153 billion and contains nearly 60% of TVL in crypto. Its nearest competitor Terra (LUNA) TVL, sits at $13.3b with 7% of the market. Despite the hype following emerging L1s they remain far from the king. + +&#x200B; + +https://preview.redd.it/blud071uo4f81.png?width=800&format=png&auto=webp&s=0e54dd093d848d7b55536a6f9daa638799116601 + + + +#### Revenue + +Ethereum showcased impressive revenue in 2021 totaling $10.9b. The nearest L1 was BSC, which edged on $1.0b of revenue. There are four projects on Ethereum that post larger revenue than BSC. (Filecoin, Axie, Opensea, Uniswap) +