diff --git "a/reddit_finance_43_250k_307.txt" "b/reddit_finance_43_250k_307.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_307.txt" @@ -0,0 +1,10000 @@ +QQQ - Main growth portfolio, I believe that NASDAQ tech companies will continue to perform great in the next decade + +MTUM - I strongly believe in momentum investing and believe it should yield better returns than general S&P 500 ETF + +VEA or VWO - to get international exposure, not sure which one as emerging markets have done particularly bad in the past 10 years. + +ARKK - to add a bit of risk. I really like the idea of disruptive innovations and the performance of this ETF is outstanding. + +Sorry for the large message, but hopefully you can find time to read it and drop a couple of lines of your opinions to help an Investing rookie such as me =)) + +I wish you and your portfolios all the best! + +Graff +Any thoughts on BLOK: Amplify Transformational Data Sharing ETF? + +I'm very interested in blockchain technology. I'm open to suggestion too (blockchain ETFs) + +Thank you +Can someone help me understand the logic here, because I'm not sure I get it. When you buy SPY, you're getting the top 500 companies - that makes sense. But if you buy the "whole market" that means you're buying a huge bucket full of a lot of extra deadweight, companies that aren't been successful enough to make a top xxx index or whatever - dying sectors, scam companies, bankruptcy candidates, random stagnating malingerers. Whatever is relatively successful amongst the small and mid caps will make up such a tiny percentage of your total investment that you won't feel it like you might if you bought a more focused ETF, so what benefit do you actually get? + +Is that extra diversification making you "safer" or are you just defeating the whole purpose by adding stuff you don't need or want? Seems like nothing but overdiversification with worse returns. Whole market ETF returns historically disappoint compared to more focused index-tracking funds, but isn't it also riskier than SPY or other funds that actually screen out the unnecessary crap by default? Don't understand the appeal on any level, but I know there are a ton of VTI fans out there... +Hi I’m a junior in college and I am an athlete so I really have no time to work throughout the year until summer. I have this year gotten into stocks, crypto but my friends have been investing into etfs for the last couple years and they have been doing pretty well. My father put aside some money for me throughout his working career for stuff like this for me to use to invest but he doesn’t want me using it all of course. I try to do Postmates and Uber eats to make some money to put into stocks. I’m new to etfs and I just wanted to see if anyone had some advice for a new college student like me since I’m sure you guys have been here before. + +Any etfs I should invest in to get myself started ? Any advice? Would be appreciated greatly. If not I’ll just keep doing my own research have a great day to anyone reading this. :) +I'm 26M started investing eariler this year. I jumped into the ARK bandwagon too late and have been DCA throughtout the year. I'm in it for the long haul. I've learned a lot this year and how to handle my emotions during volatile days to the point where it doesn't affect me anymore. I have a few individual stocks as well but my main focus is on ETFs for the next 10-20 years. + +I'm currently investing into the following; + +**ARKK: 5% - ARKW: 5% - ARKQ: 2.5% - ARKG: 2% - ARKF: 1.50%** + +**XLU: 5% - XLF: 5% - XLE: 5%** + +**SCHD: 5%** + +What I would like to add; + +**VOO: 25% - VXUS: 5% - XLRE: 5%** + +What's your thoughts on and what other recommendations? +For me, examples are a couple of carbon steel pans, a good winter coat, good slippers, good office chair. We just bought a new mattress and I already feel like we should have done it a couple years earlier. All of them save on ongoing costs, be that heating, repeat clothing, specialist treatment etc. I think a big one was a house that's enough for us, not too big, which saves on mortgage payments, heating etc. + +What have you bought, or are you considering buying, that you know will save you money going forward? + +Edit: Aww thanks for the Silver kind internet stranger! ♥ +Winners: + +* 1) believers and visionaries, who see Ethereum as a solid technology with a bright future: they are accumulating Ether like it's Christmas. Did you notice that many of ETH holders are actually smiling instead of crying? The ETH believers are not in the making-loads-of-money mindset yet. Instead, they are still in the stage of greedy accumulation. They are buying up the ethers like it's christmas. Smiling with each price drop because it's like a new christmas present every day: *"bought some yesterday, great, but today it's cheaper, and that's even greater"* + +* 2) The bitcoin crowd that's aggressively shorting for a seemingly win-win situation: they are throwing everything they've got into shorting ether because it gives them extra BTC's, and they believe they are hurting or destroying the biggest competitor of Bitcoin at the same time: yes, this feels like a win-win and they are having a big smile as well. + + + +So who are the losers? + +Actual ETH owners who got in with a vague understanding and are now bailing out of fear. They only read about the forks and bugs, and don't care about the why's and fixes. + +All of the people that I got into Ethereum are now full of doubt and secretly think I sold them a bullshit story. They don't necessarily say that to me, but I feel them thinking it. + +These people are the frontline losers. Their money is going straight to the Bitcoiners that are shorting. + +Once the frontline losers are out of the way, the bitcoiners with all their short positions are the next losers. All the profits they made on the back of the frontlines will diminish hard and fast during a cascade effect during the reversal. Not only their profits will vanish, but they will become net losers as well during desperate attempts to redo their shorting strategies. + +All of that value will then transfer to the long term holders that were accumulating during christmas time, and don't expect these guys to be selling any time soon. + +The effect of these events will lead to a price increase you've rarely witnessed before. In a relatively short period, the price will burst through all of the trendlines leading straight to a new all time high that's significantly higher than the previous one. + +We are talking about daily 20 % increases and higher, for a continuing period of time: day after day after day. + + +All of this is waiting to be triggered by one major event and I have a strong expectation that it will be the Metropolis release **at the latest**. + + +**Endnote:** I am not pumping. My post is not going to influence the price in any way. All I'm saying is, don't miss out. You really don't want to miss out. +*Clinton's plan specifically seeks to double the period of time for the 39.6 percent top capital gains rate (from up to a year to up to two years), and then institute a sliding rate scale until assets are held for more than six years.* + +[Link](http://www.cnbc.com/2015/07/24/hillary-clinton-proposes-sharp-increase-in-short-term-capital-gains-taxes.html) +**What is APOLLO?** + +Apollo is a high-growth alternative asset manager. + +Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Our retirement services business, [**Athene**](https://www.athene.com/), provides a suite of retirement savings products to help clients achieve financial security. + +[https://www.apollo.com/](https://www.apollo.com/) + +https://preview.redd.it/pzaljctnh6j81.png?width=932&format=png&auto=webp&s=bef2f634cf4daa06e1928b2c9a568165a9ecec1c + +**Who Owns APOLLO?** + +https://preview.redd.it/qpsdxipth6j81.png?width=1402&format=png&auto=webp&s=0b8285f949e427e54a26afbab0a51b17b61d5ddc + +**LEON BLACK...** + +[Leon, Looks exactly like Ken here...](https://preview.redd.it/rpvq68uzh6j81.png?width=516&format=png&auto=webp&s=533a79ef8abd33cd07114db404bbe437b7167f1f) + +**Who Owns Yahoo Finance?** + +[https:\/\/www.nbcnews.com\/business\/business-news\/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132](https://preview.redd.it/guwzoyjbi6j81.png?width=582&format=png&auto=webp&s=a2e69ea63c20d44160b2b1444e3c47b0c406aced) + +Appollo paid $5BN for Yahoo Finance around May of 2021.... shortly after the baby sneeze and when the FUD really started.... **Did they Acquire Yahoo shortly after they removed the buy button as they knew a heavy market manipulation was needed to get apes off GME** + +https://preview.redd.it/q6ma8mnti6j81.png?width=700&format=png&auto=webp&s=6c59abdded0b71ffe12acce7d70e11e0a4953bb4 + +https://preview.redd.it/81xckla0j6j81.png?width=694&format=png&auto=webp&s=c5d9acd60151a19d486547c736b63717b3b07e07 + +https://preview.redd.it/v7ov72o5j6j81.png?width=696&format=png&auto=webp&s=0b4ce0e6351bd12a95795e5078107ded14e1c2ec + +https://preview.redd.it/i9sf4sl9j6j81.png?width=536&format=png&auto=webp&s=c42201b880e1ff8809eaa30eb248215f36e59287 + +&#x200B; + +**TL:DR = This is Speculation of mine - I Believe, that "Appollo" uses their "Private Company" set up... to push major FUD thru Yahoo Finance for shorts and co. Appollo is a big player the GME saga on the Short Side...** + The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022 in [Notice 2021-61](https://www.irs.gov/pub/irs-drop/n-21-61.pdf) **PDF**, posted today on IRS.gov. \[sourcelink [https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500](https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500)\] +Article: https://www.cnbc.com/2022/04/27/meta-fb-q1-2022-earnings.html + +>Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. + +>The after-hours rally on Wednesday still leaves the stock way down for the year. As of the close, the shares had lost almost half their value in 2022. + +>In addition to its earnings figure, Facebook also exceeded expectations for average revenue per user. But almost every other key metric was a miss, including monthly active users. + +>Revenue rose 7% in the quarter, the first time in Facebook’s 10-year history as a public company that growth has landed in the single digits. Analysts were expecting 7.8% growth. + +>For the second quarter, Facebook forecast revenue of $28 billion to $30 billion, trailing the $30.6 billion estimate of analysts surveyed by Refinitiv. The company said in the release that the guidance reflects continued trends from the first quarter, including soft revenue growth that “coincided with the war in Ukraine.” + +>Facebook changed its name to Meta in October, reflecting CEO Mark Zuckerberg’s effort to push the company towards a future that includes working, playing and studying in a virtual world. + +>Facebook’s family of apps, including the core app, Instagram and WhatsApp, accounted for 97.5% of revenue in the quarter. The remaining $695 million came from Reality Labs, the part of the company that’s attempting to build products for the metaverse. + +>In the family of apps business, net income dropped 13% from a year earlier to $11.48 billion. Reality Labs lost $2.96 billion in the period compared with a loss of $1.83 billion in the first quarter of 2021. + +>Facebook lowered its total expenses guidance for 2022 to somewhere between $87 billion and $92 billion, below its earlier estimate of $90 billion to $95 billion. It expects most of that expense growth to be driven by its family of apps segment, followed by Reality Labs. + +>Other social media companies similarly pointed to macroeconomic factors impacting their advertising revenue. Snap CEO Evan Spiegel called the first quarter “more challenging than we had expected.” The company said some advertisers had paused advertising campaigns after Russia’s invasion of Ukraine in February. Google-owned YouTube grew just 14% in the first quarter, far below the 25% analysts had expected. + +>Digital ads could also be impacted by inflation and Apple’s recent privacy changes on iPhone operating systems, which Meta CFO Dave Wehner previously predicted would result in a $10 billion revenue hit in 2022, though he acknowledged that figure was an estimate. + +Shares are up 20% in After Hour trading. + +Disclaimer: I have [long positions in $FB](https://www.wealthly.com/share/5RH4FH), and I was partially influenced to hold my positions after reading [this comment](https://www.reddit.com/r/investing/comments/u8w2wa/is_meta_platforms_inc_fb_a_value_pick_or_value/i5o4859/) from /u/living-pineapple-589. Good call so far sir. +Is there any known and confirmed statement from kraken as to why their site suffers so much downtime? And why it’s so buggy? + +Logging in results in 520 error more often than not. +Funding says: not available more often than not. +Bots get shut down at a whim. + +I used to love them. That love is rapidly declining. + +I know many have the same experience. That’s why I’m asking: is there any statement or approach communicated as to how and when they will solve this? Their twitter says nothing. Their blog says nothing. Their subreddit says nothing. + +Some info pls. +Not sure if anyone caught wind of this. But a leaked internal file from coinbase apparently shows it in a roadmap of coins to be added as they work toward becoming more of an exchange and less bitcoin centric. I'll try to dig up the post where I saw the leaked file...what does this combined with Brass mean for the price of GNT?? What percentage of your portfolio would you make GNT? +It's a silent project that operates in the background. There's no face to it. The founders created it and walked away. It's like an elegant clock set into motion that continues to tick. There's no promise of some complex protocol to come 3, 5, or 10 years down the road. It does what it's supposed to now without self promotion from the founders. Since it doesn't need self promotion to thrive, it doesn't fall victim to the vices of marketing from greedy, charismatic leaders, with overly complex projects. Sure, there's Saylor and Novogratz that sometimes fall into that role. But bitcoin doesn't need them to survive and won't need them when they die. The project works now. It does what it's supposed to and it'll continue to do what it's supposed to. It's the money of the future of our science fiction novels. + +There's no Krypto Kris marketing shitty debit cards. There's no charismatic Do Kwon doing a Forbes, Steve Jobs photo shoot with a black t-shirt and a white background. There's no J Powell magically expanding the money supply with a cobol fueled wand, creating a 9 trillion USD balance sheet out of thin air. + +BTC takes out the corruption of humans, because the humans that created it stepped away. Sure, people will build corrupt systems around it, but BTC itself is a simple, pure, and elegant vehicle silently ticking away in the background until the ticking becomes so loud that no one can ignore it. +My portfolio is mostly etfs but i wanted to throw a couple high yields just to make the dividend each quarter a little higher. What are some dividend aristocrats+ that are safe to invest in. Cause i know high yield can be risky +I’m really curious how many shares many of you started off with/recommend when starting with dividend investing. I’m halfway to maxing out my IRA contribution for 2020 and so far just have 9 stocks, with just 2-3 shares of each. I plan to buy more shares since the market has been a bloodbath lately and every day just seems like a slightly better buying opportunity. As of right now Schwab says for 2021 I’ll be receiving $33 in dividends. + + +I sold a CSP on NFLX back in Oct and it was doing well and I was making money rolling it a couple times at 50% max profit and then it started it's downward cycle... so bad that my 645 strike was wayyy ITM after earnings. + +I thought I could just roll it indefinitely until it recovered which was okay with me, so I rolled it out another 50 days thinking I bought more time and had enough extrinsic value that I wouldn't get assigned - i was wrong. I got assigned like 4 days later. + +In this scenario for future reference, what could I have done differently to avoid assignment? (besides buying it back at a huge loss) Maybe roll it out 6 months instead? +How wide do you like to make your spread? Do you keep it tight to limit losses? If things go south, or make it wider to increase the profits on the premium? It seems like if the strikes are to close when I go to close them before expiration there’s not a lot of meat left. But I also don’t want to risk the underlying dropping on me right before expatriation because it makes it expensive to roll. Thanks for any ideas in advance. +**This is like an adrenaline shot of confirmation bias that every bit of fact finding 🦍’s have conducted these last 6 months are VALID & that MSM is gaslighting us into believing we are just Reddit conspiracy theorists who know nothing.** + +Edit1: We should get Jeff Connaughton or Ted Kaufman on for an AMA. + + +This post details some of the things that were happening behind the scenes during Clinton’s administration & Obama’s administration. These details are from former chief of staff to Ted Kaufman, Jeff Connaughton(JC) in his book The payoff: Why Wall Street Always Wins. (Note JC is a Democrat, so that is why he was only part of White House during democratic presidency’s. Also this book was written in 2012, ~10 years ago) + +(Note2 I read on an iPhone so page numbers are different on here than a traditional book when citing) + +JC also served as a special assistant to the counsel of the president during Clinton’s 1st term. In between chief of staff & special assistant he served time as a lobbyist. + +These “findings” will be limited to JC’S experiences. I decided to share because of the timeline of when they occur & I thought they were interesting pieces to our puzzle. + +*This post is lengthy, but should be quite easy to read. Honestly most of the work goes to the author because of how concise & easy to understand the writing is.* + +###Breakpoints +- Wall Streets Influence in Clinton’s administration +- The Blob +- Naked Short Selling & The SEC + + +#Wall Streets Influence + +Bill In Review: Private Securities Litigation Reform Act of 1995 + +Excerpt about this bill: + +“A corporate coalition - Wall Street banks and brokers, accountants, insurers, Silicon Valley—wanted the bill, which would make it more difficult to prove securities fraud, passed intact. The bill’s opponents felt it would shield securities fraud by these companies. Particularly troublesome to them were provisions regarding the statements companies make about future performance.” (P171-172) + +**Basically it is now harder to prove securities fraud as well as provides safety to companies for including forward looking statements & prospective information. (Hello Enron) ** + +**JC account with this bill involved counseling Bill Clinton himself. Pushing the president that this bill is not good for the public, to which it seems the president agrees.** + +Here is the part that stands out to me + +“If the president has to think very hard before taking on this kind of fight, I thought to myself, imagine how disproportionately unlikely it is for Washington’s lower castes to dare do the same.”(P178) + +**So even the president of the United States faces severe pressure from Wall Street to bend to their whims. Anyway, JC counsels Clinton, and Clinton is onboard to amend the bill.** + +**The amendment corrects securities fraud protection & removes forward looking statements.(Excerpt below)** + +“I called a staffer in Senator Paul Sarbanes’s office. I briefed him that if Sarbanes would offer an amendment that would preserve the viability of a securities-fraud action against company executives who had “actual knowledge” that, a forward-looking statement was fraudulent, the White House would support it”(P180) + +**Great, so everything is good right? Nope** + +“The vote began, and it looked for a while like we were going to win. Then Dodd started working his fellow senators. It soon became apparent it was going to be a tie. Finally, Dodd voted against the amendment, which failed by one vote.” + +**Yup Dodd, you know the senator behind the Dodd-Frank act? He not only voted with Wall Street, he spearheaded the damn thing. Dodd is a Democrat, who went against a democratic president helping Wall Street & screwing the little guy. Wowzers ** + +**Anyway the amendment gets rejected, original bill gets passed by the senate. ** + +“Some have speculated that Clinton wanted to have it both ways: he vetoed the bill, but also signaled to Dodd that he wouldn’t be overly displeased if two-thirds of Congress voted to override it. I don’t know whether that’s true or false.”(P186) + +**Clinton vetoes. Senates votes 2/3 to override it.** + +**So seems Bill wanted to have his cake & eat it too. Whether this case is true or not, Clinton went on in his second term to repeal the Glass-Steagall Act leaving derivatives transactions unregulated. ** + + + +#The Blob + +“The Blob (it’s really called that) refers to the government entities that regulate the finance industry—like the Banking Committee, Treasury Department, and SEC—and the army of Wall Street representatives and lobbyists that continuously surrounds and permeates them. The Blob moves together. Its members are in constant contact by e-mail and phone. They dine, drink, and take vacations together. Not surprisingly, they frequently intermarry. “Indeed, a good way to maximize your family income in DC is to specialize in financial issues and marry someone in The Blob. Ideally, you and your spouse take turns: One of you works for a bank, insurance company, or lobbying firm while the other works for a government entity that regulates, or enacts legislation for, the financial industry. Every few years, you reverse roles: “Sally Striver, staffer on the Senate Banking Committee,” so might read a typical notice in Roll Call, “today announced her departure to work for the Financial Services Roundtable”; inevitably, she’s replaced with someone from the financial industry because, so runs the justification, the committee needs people familiar with the issues. What you and your spouse do all the time is share information.”(P250) + +**Wow. Idk this was enraging when I read it. The fact that this happens so blatantly that it’s given a nickname because it’s so fucking common & accepted is sickening. Just more evidence of the revolving door between regulators & financial institutions to game the system.** + +This is during JC’s time as chief of staff: + +“Ted and I quickly learned that, when you take on Wall Street in Washington, you take on The Blob. We were fighting deeply entrenched interests and a deeply ingrained institutional culture.” + +**You have to fight through a financial mob so to speak to even begin to create reform. Translated: 🦍 need to stay 💪 to get reform past the blob for financial fairness in the markets.** + + +#Naked Short Selling & The SEC + +**This part is a little bit longer, but I just wasn’t expect this to be in this book nor to this extent.** + +(Senator Johnny Isakson) +“Isakson and Ted shared an interest in financial issues, and both had recently received complaints from constituents about the naked short selling of stocks by hedge funds and about the SEC’s rescission of the uptick rule.” + +“Many ordinary investors, including Kaufman and me, have sold stocks short from time to time. But there’s an important difference. When I sell stock short, my brokerage firm makes me borrow the shares of stock before I do the short sale. This ensures that I can deliver the shares at the required time for settlement of the trade. Banks and brokerage houses make a lot of money charging people to borrow stock for short sales. +The SEC rule, however, doesn’t require that everyone borrow the stock. A short seller only needs to have a “reasonable belief” that he can locate the stock in time to deliver it at settlement, which happens three days later. Selling a stock without intending to locate it in time for settlement is naked short selling. It amounts to selling shares that don’t exist, which increases the supply of a stock in a way that can push its price down. +Since the Depression, the SEC had required short sellers to wait for an uptick in price before selling short. Forcing short sellers to wait for the price to tick up before they sell more shares gives a breather to a stock in rapid decline and helps prevent bear raids, which are essentially attacks on a stock (typically by hedge funds) with the aim of driving down its price to ensure that their short selling is profitable. The uptick rule was in force for nearly seventy years. In 2007, the SEC rescinded it. In Mary Schapiro’s confirmation hearings before the Senate Banking Committee, she was asked repeatedly whether she would restore the uptick rule. Schapiro, who took office as SEC chairman in January 2009, all but promised she would. +Nothing happened.” +(P252-254) + +**I mean wow. Talk about spitting some straight DD. This book was written 2012, and if I just read this correctly it sounds like Congress & White House 100% understand this shit exists & are complicit in naked short selling existing. But wait it keeps going.** + +“The pushback from the Blue Team was followed by pushback from The Blob. I received an e-mail from a lobbyist (and former Dodd staffer) who represented a large hedge fund well known for short selling. She warned me that it would be bad for my career if Ted and I went after short selling. She added that Ted and I looked like deranged conspiracy theorists for seeking to explore whether short selling had played a role in the downfall of firms like Lehman Brothers”(P257) + +**Does that sound familiar ? I guess everyone is a conspiracy theorist around. Ohh & Lehman brothers also failed even with a plan to save them due to short sellers naked short selling them into the grave.** + +**More juice to squeeze.** + +At a senate meeting with the SEC: +“Senate staffers pointed out that the SEC was ignoring the fact that its short-selling manipulation rule was unenforceable. Hedge funds can spread false rumors about a stock and conduct massive short sales without locating the stock, even if they succeed in delivering the shares three days after the rumors. They could beat down a stock’s price repeatedly. The SEC people said little during the discussion. My impression was that they viewed it as another meeting to endure; after feigning to listen, they could simply continue to do things their way.”(P258) + +**Ok, read this next part carefully.** + +“They added that they couldn’t give us any details of the investigation but warned us that it’s almost impossible to prove intent under the current rule (that is, the reasonable-belief standard). Under this rule, anyone accused of naked short selling can simply say: “I reasonably believed I could find the stock in time.” In essence, the SEC lawyers confirmed our view that the rule against naked short selling was unenforceable and that they knew it.”(P259) + + +**How convenient. How oh so convenient. Honestly I do not think we see justice for these crimes. Unless the SEC amends this short selling rule, Kenny Mayo will be walking free. Floor is now $30 million** + +**Ohh but it gets better.** + + +“Most stock trades in the United States are cleared by a Wall Street backroom firm called the Depository Trust Clearing Corporation (DTCC). I suspected that the DTCC had extensive data on short selling. After a series of enquiries, I finally arranged for the DTCC’s general counsel (Larry Thompson) and one of its managing directors (Bill Hodash) to meet with me in Washington. We’d chatted for about fifteen minutes when Larry startled me by saying, “We want to be part of the solution, and we think we have a proposal that will work. “It turns out that months previously the DTCC had gone to the SEC with a proposed solution to naked short selling: The DTCC would create a computer system in which the actual shares of a stock must first be declimated (more simply: flagged or identified) before a broker could sell shares short. A centralized database would prevent the same shares from being used for multiple short sales. The DTCC believed that such a system would effectively stop naked short selling for the shares it cleared, which represented a vast majority of all shares traded in the United States. Larry told us that the SEC had received the DTCC proposal months ago but hadn’t done any follow-up. Instead, the SEC had asked Larry whether he was sure that the DTCC board (which is made up of representatives of Wall Street brokerage firms) supported the proposal.”(P259-261) + + +“Within a month of hearing about the DTCC’s idea, I’d helped Kaufman recruit seven other senators to write to “recruit seven other senators to write to the SEC endorsing the idea as a potential solution to abusive short selling.”(P261) + +“Not long after receiving the letter, the SEC announced it would hold a public roundtable to discuss naked short selling and possible solutions on September 24, 2009. I was convinced we were making progress.”(P261) + +“To its roundtable the SEC had invited nine banking-industry participants, all but one of whom was in favor of maintaining the status quo. During the meeting, the DTCC representative sat mute and didn’t even mention the DTCC’s proposed solution for naked short selling. Afterwards, I went over to Larry and Bill and asked “What happened?” Sheepishly, and to their credit, they admitted, “We got pulled back.” They meant: by their board, by the Wall Street powers-that-be. It was just as the”(P264) + +“There were two reasons why Wall Street didn’t want to adopt it. First, banks make an enormous amount of money lending stock for short sales, and so no big bank wanted to change the status quo. Second, and perhaps more importantly, stocks now traded in microseconds; millions of shares change hands (including in short-selling transactions) in the blink of an eye. High-frequency traders would oppose any solution, like the DTCC’s, that required that shares be located and marked before being sold short. A high-frequency trade has no time to get its ticket stamped before jumping on its high-speed train.”(P266) + +**I know that was a lot here’s a quick breakdown.** + +**DTCC had a solution to fix naked short selling in 2008. They reached out to SEC to propose the changes. DTCC is made up of Wall Street execs. SEC roundtable was setup to fix naked short selling. DTCC sits on their thumbs during the roundtable because their board, Wall Street, has reeled them back in. Naked short selling is highly profitable from fee collection on lent stocks. High frequency traders don’t want to execute orders correctly, just quickly.** + +**But holy fuck. I mean everything is here in this book from ~10 years ago. ** + +Here’s some more tidbits of confirmation bias that 🦍 are not crazy & we are 10000% correct. + +“Altogether, off-market trading—in dark pools or internally at broker-dealers—accounts for nearly one quarter of U.S. stock-trading volume. For retail investor orders, it may be twice that amount.”(P271) + + +**Ohh so almost 50% of retail trades being routed to dark pools. Sound familiar ??** + + +“It would’ve been easy, and quite understandable, for us to be convinced by Wall Street’s unanimous message. But we’d been educating ourselves about these issues and we were convinced that there were, to use Donald Rumsfeld’s locution, too many unknown unknowns for us to stop burrowing for answers and prodding the SEC.”(P274) + +**Sounds like fellow 🦍 to me.** + + +“One HFT strategy is called pinging. It involves attempting to “uncover how much an investor is willing to pay—or sell for—by sending out a stream of probing quotes that are swiftly cancelled until they elicit a response. +The traders then buy or short the targeted stock ahead of the investor, offering it to them a fraction of a second later for a tidy profit. “ +There are also momentum strategies (in which traders take a position in a stock and then use HFT to generate market momentum that would benefit their position) and liquidity-detection strategies (in which traders use HFT to front-run—that is, buy or sell microseconds ahead of—incoming orders from pension and mutual funds). An SEC staffer stated that in some instances these strategies “could be manipulation” and “would concern us.”(P275-276) + +“The Tabb Group estimated in 2009 that HFT generates $8 billion in profits annually. The question is: How much of this profit is from legitimate practices this profit is from legitimate practices that benefits all investors, and how much of it is effectively an illicit toll extorted from average investors without their knowledge?”(P277) + +**TLDR: HFS deploy strategies of market manipulation to screw over average investors. Sound familiar yet?** + + +**I will leave it with one last quote.** + +“Helping other senators understand HFT, flash orders, and dark pools was one challenge. Another was to get them to care. In Washington, if an issue isn’t in the newspapers, no senator is going to care much about it.” + +**I. E. 🦍 need to keep making noise, raising awareness of the manipulative issues that exist, that our votes depend on the correction of our markets & that 🦍’s will not let these issues slide into the darkness. This also shows why every newspaper & news source ice being bought up by financial institutions.** + + + + +#TLDR: Chief Of Staff to a senator confirms every single issue 🦍’s have unraveled in last 6 months, chronicles the pervasive influence Wall Street holds on our government. + +###Our government will not listen UNLESS our independent collective voices are heard. These issues are resolved by 🦍’s. We may be the last hope of reform. +In my previous job, I "converted" several people. Not to FIRE, but to index investing. We are a cozy group and we keep in touch through an IM group. I believe it's one's civic duty to share the knowledge of index investing, and of FIRE if it comes to it. +Are there any drawbacks about sharing with coworkers and friends? +My FIRE date is still far away, so it shouldn't affect my bosses if they overheard some of it and somehow believed it without me arguing the math. + +**tl;dr.** Should I tell my coworkers and friends about index investing and FIRE? Why or why not. + +**Edit:** Thanks a lot for all the answers and input! I will be reading them carefully. + +**Edit 2:** FIRE is the acronym for Financial Independence Retire Early. Some people in the comments are asking this, so I thought I'd clarify. + +**Edit 3:** For the people asking, I don't know more than those who have read the FAQ of this sub (https://www.reddit.com/r/financialindependence/wiki/faq) and that of /r/personalfinance (https://www.reddit.com/r/personalfinance/wiki/commontopics). But here's a long video that explains index investing for those who are not familiar with it and why it's the optimal way to invest. https://www.ifa.com/indexfundsthemovie/ https://www.youtube.com/watch?v=z1skhHVztgc + +And no. According to my Scouter, I'm far from Super saiyan level. D: + [Naked shorting: The curious incident of the shares that didn't exist | Euromoney](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) + +&#x200B; + +Came across this article while doing some research on the history of naked shorts in the USA. Te article gives credibility to the theory on the "basket of stocks" that were shorted in anticipation that those companies will collapse. What bothers me most is the following paragraph from the article: + +&#x200B; + +&#x200B; + +# What the DTC failed to put in place, claim the defendants, were sufficient incentives to return the stock borrowed from the programme. The source says: "The DTCC never monitored the length of time brokers or market-makers were taking to close out the position. You might not close the position for months or years, and no-one was onto you. It was the perfect loophole for the bad guys. Who cared if you didn't own what you sold – the DTCC would make good on your delivery." When asked whether, before the new short selling regulation came into force, there was no time limit for the return to the stock borrow programme of shares that had been borrowed, a DTCC spokesperson replied: "Essentially that's accurate." + +THE DTCC and DTC is basically complicit in this whole fraud since they allowed a loophole to exist! This problem was already know before the great financial crisis or could possibly have contributed to the crisis when naked shorts were running around rampant without oversight from the SEC! + +&#x200B; + +Perhaps what is more infuriating is that the amount of lawsuits filed back then doesnt seem to have an impact on forcing the SEC to enforce their rules! +I’m talking your plastic pineapples stuffed in a shoebox somewhere. + +I never keep any physical cash on me and have been thinking lately that might be an issue one day. Obviously the cash isn’t working for you while it’s in your wallet but do you guys bother keeping some around for emergencies? + +Note flagging security concerns and if you’re answering you might want make sure you’re not identifiable. +It may sound like a silly question but do REA lie about the $ value of offers they "have received"? Has anyone ever had an offer accepted for a value that's under what the REA said they "have received". + +For example the REA says he has received an offer for 600k but I think he's lying so I make an offer for 595K. Has anyone ever done this and the offer for 595K is accepted? +I made a certain post 18 days ago predicting a November 15th tweet. + +It's called " Riddle Me This, Anon. " + +I crafted it using the finest of tin foil. + +It's on the DDintoGME and GME subs. + +Here's the TLDR from that post. + +&#x200B; + +[ ](https://preview.redd.it/zvstolxthpz71.png?width=1008&format=png&auto=webp&s=2071b593022a0c1dbb864b7f0c60fdebc6943fbc) + +&#x200B; + +[ ](https://preview.redd.it/9i92ye3vhpz71.jpg?width=640&format=pjpg&auto=webp&s=6e330abed5ddb38f8200e7c050ce41b4622761cd) + +Well son of a bitch. + +Guess I really maybe did find something apes. + +Can I get my DD tag back on that post now DDintoGME? + +I'm gonna go pass out now. Holy shit. + +You really know how to take my breath away Chair, You're the best. +Hi, + +I am trying to buy an ETF, with the lowest fees. How should I proceed? + +I think the accumulating is better right? I found these two, is the first one the correct choice? Do I just click buy and the fee will be 0.07%? + +1. **iShares Core S&P 500 UCITS ETF USD (Acc)** IE00B5BMR087 +2. **iShares Core S&P 500 UCITS ETF USD (Dist)** IE0031442068 + + +Thank you. +My portfolio is not performing, and the value is going down. + +I have some Apple and Tesla stocks, some clean energy and healthcare ETFs and emerging markets ETFs - all of which are underperforming. I am relatively new to the field (from beginning of the year). Do I hold on to them? Get rid of them once I can make my money back? Or get rid of them, take the loss and re-invest on the performing ones? +Hello, I am from Europe so things might be a little different here compared to US regarding the Index Funds. + +I'm looking to make a long term investment and I'd rather pick Index funds instead of real estate as I'd like to stay away from possible issues and headaches related to it - also renting here would bring only about 5% (that if the property is rented for all 12 months) of passive income anually while the inflation is 3-4%. + +What I currently consider is to split my money between these two options: + +[https://www.btassetmanagement.ro/en/equity-funds/bt-real-estate/](https://www.btassetmanagement.ro/en/equity-funds/bt-real-estate/) + +[https://www.btassetmanagement.ro/en/bt-index-romania-rotx/](https://www.btassetmanagement.ro/en/bt-index-romania-rotx/) + +The redemption fees won't be an issue as I will have some backup money and I will keep the funds for at least a year 100%, however I am a little worried about the *Management fee:* *0.2% /month* AND *0.15%/month - this fee is included in the value of the fund unit.* + +Do you consider the management fees high ? + +Thank you in advance. +A nice little fuck you to the great unwashed ape masses from our elite ruling class overlords. + +80%+ buy sentiments on all major trading platforms. And the price drops almost 7% on 3,700,000 volume. Thats a flex, because they can. Its a fuck-you to apes on Bastille day, because they can. + +I'm zen, I dont need to pile furniture to blockage the streets like they did in the french revolution. I'll just watch as Citadel kicks the can and digs a deeper grave. + +Hang in there apes. Im buying more tickets to the moon tomorrow! + +Power to the mother fucking players!!!! +Hello, all! + +I shared a post yesterday where I talked about hitting a milestone of maxing out 403B and getting my rental property self-sustaining all while making 65-66K per year and coming from an underprivileged background. + +I received a lot of DMs asking for specific details & insight so I thought I would share it in a post. (The mods removed the original post because it was a milestone better suited for a milestone thread). + +&#x200B; + +Background: + +I’m currently a 29F. I was born in India & moved to the US with my family when I was 5. My dad immigrated on a work-visa in the late 80s & worked in a convenience store, as a dishwasher, and a check-out clerk to provide for us. He & my mom got a loan to buy a small motel in rural OK when I was 6. They were making enough to pay bills, but not really saving. We then moved to Texas where they bought a bigger property (again with a huge loan this time from the SBA). They were able to save a little this time, but that was wiped out when the Great Recession hit. I graduated HS in 2008 & really had no idea how I would make it through college. My school was a rural school and we didn't have a guidance counselor. Most of the teachers expected us to not go to college. Somehow, using the internet, I figured it out and went to a state university. I worked during college (sometimes as many as 3 jobs) and graduated without loans. + +&#x200B; + +Income & Investments: + +After I graduated, I began working in education. I love the field & the impact education can have on lives. I love the field, but it doesn’t pay well. I’ve been working for 8 years, but only started to make over 60K in the last three. I have worked in many aspects of education including K-12, non-profits, and now higher ed. Some of the orgs had 403bs and matching, but not all. My current org gives us 10% (5% base, 5% match). + +I basically taught myself about personal finance using the pf subreddit. My family didn’t really discuss personal finance as my parents were just focused on keeping their business running so I was starting at level zero. I didn’t know much from 2012-2014 expect that I wanted to eventually get an MBA so I was just saving cash for that. + +I just lived way below my means in a tiny studio and was focused on saving as much as cash as I could. I also got my first credit card in 2015- a BofA travel rewards card! Before, I used to pay for everything with a debit card lol. + +In 2015, I started a Roth IRA and have maxed it out every year. All in low-cost index funds using the Bogle method. + +In 2016, I started my MBA at another state school. I went part-time while working full-time so it took 3 years. It cost about 30K in all, but I was able to pay in cash installments every semester. + +In 2017, I became the Executive Director of a local non-profit and my pay was $62K, but it included no retirement or health insurance. I paid for health insurance out of pocket, maxed out my Roth IRA and put a lot of other cash into a taxable brokerage account still investing in low-cost index funds. + +I also bought a house at this time. I’d never lived in a house before! I put 5% down even thought I could have put more & I’m glad I did. I also put into my closing contract for the seller to pay 5K of the closing costs and they did! So, my cash to close was something like 3K. Crazy! + +At that time, 62K seemed like a jackpot for me! My take-home pay was around 4K and that just seemed like a LOT of money (still does tbh). I just saved most of it. + +In 2019, I moved across the country to begin working at a university. My salary is now 66K. The org gives us 10% in a 403b as well as really good health insurance. The 403b is invested in low-cost Vangaurd index funds as well. + +One of my goals this year was to max out my 403B (19,500). I wanted to first hit 6 months’ worth of expenses in my Efund and at least 15K in my house fund so I continued to stock away money. I put my tax refunds, stimulus, any extra cash into these accounts. I also stuck by a budget (but I definitely treat myself!). I had about 7K in my home fund in February and I swear once I became laser focused on growing this, different income streams opened up. I started a small side-hustle mentoring & coaching high school student and then I started an online conference business during the pandemic whilst working from home. + +I also finally increased my contributions enough to max out my 403b! + +I was renting out my house as an Airbnb but decided to make the shift to long-term lease in April. My Airbnb manager was great, and she & a few other local contacts did some on the ground stuff for me, while I worked on marketing the property. I was initially going to go with a property manager but was barely going to break even with their 10% fees. So, I decided to DIY (and found a great online resource to help manage things ([Avail.co](https://Avail.co))). + +I just found some renters last week who signed the lease, paid their deposit & first month’s rent & move in soon! I had a very thorough vetting process which is why my place took a little longer to rent, but it was 100% worth it. I did all the research myself using website like [Avail.co](https://Avail.co) & Bigger Pockets. + +I also worked with a great tax accountant to got me the full benefit of active loss clause for small-time landlords (folks who make under a 100K can get a 25K loss benefit to their W-2 income). Since, my rental income was a net loss esp including depreciation, I was able to have my MAGI lowered by the amount of my loss. That helped at tax time. + +&#x200B; + +Keeping my expenses low has been mostly easy. I’m a pretty relaxed person. All of my hobbies are free. Literally, my favorite things to do are go on walks with my dogs and read books in my hammock. I enjoy travelling too, but obviously that’s on a pause right now. + +&#x200B; + +Future Goals: + +My future goals are + +1) Continue maxing out my 403B + +2) Move into a director level role at my org or a similar org (ideally making 100K+ and ideally being remote) + +3) Buy rental property in cash (maybe—I want to see how like being a landlord!) + +4) Continue really liking my work (very important to me) + +5) Make an impact for others (I’d like to financially support girls’ education) + +&#x200B; + +&#x200B; + +&#x200B; + +Anyways, I hope this answers some specific questions people had! I’m happy to share  + +&#x200B; + +TLDR: + +I have never made more than 66K and I’m sharing my journey on how I was able to max out my 403B, rent out a property and more. +This is the official $GME Megathread for r/Superstonk. 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However, now the weekend is just 48 hours straight of Moon farmers re-posting the same memes over and over again. + +28% of the time this sub is completely useless if you want to share high quality content or have a real discussion. I actually miss discussing crypto on the weekends. + +If we only allowed memes on Sunday that would be a healthy 14% of the time. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I will be getting married later in the year. I currently qualify to contribute to Roth with my solo income. However, Our combined financials would be well above the Roth limits. I have already maxed my solo Roth for 2021 without thinking about this scenario. + +Is there anything I should do now? Am I going to be penalized if we file together for 2021 tax year? Should I re-categorize the roth(can I even do this?) Is it worth filing solo next year because of this? +Hi I’m 21 years old making 74k a year living with my parents. I thought this would be a lot of money, and while living at home it is, I’m stashing practically all of it in my IRA and 401k but being single and looking to move out in the next 2 years I don’t understand how anyone lives alone in New Jersey with the rent here. All the apartments near my work are 1900+ a month so I barely even qualify for half of them via 3x let alone plan for retirement after every expense. I’m wondering if when it comes to financial planning any of you decided the best financial decision was to move somewhere cheaper. +hello, i just had my first week at this new job, and i feel like this is crunch time in terms of beginning to save for my future. i have an RRSP but it has minimal contributions, i’ve been pretty lucky in terms of employment, but have yet to really save a decent amount as bad as that is. basically i was wondering, what would you tell your 23 year old self that would be helpful in regards to this. what, in your opinion, is the most important first step? i have an appointment with a financial advisor where they will hopefully outline my best options and whatnot, but it is in 2 weeks, but im too excited and want to know more or less what to expect so i can be more prepared. thanks in advance! +My child is 10 years old. I want to drop about $500 initial investment into some kind of account, and contribute probably $25-$50/mo plus other random amounts. +The goal is for to be able to give him a nice chunk of money for his 21st birthday. He would be able to use it for whatever he wants. I'm hoping to at least have enough for him to buy a brand new upper tier car for cash. +I have zero idea of what to do outside of a normal bank savings account. + + What's the best thing to do to turn $500 initial investment, plus $25-$50/mo into a fat chunk of cheese in 11 years? + +Edit : clarifying - $500 to open the savings or investment, then contribute $25-$50 per month for the next 11 years. + me (18f) and my friend (14f) are going to be moving out around august of 2021 when she has her license and we have saved up enough for a car. she will be trying to get emancipated around then as well. i will be going to college but the money for the tuition isn’t a factor in this since a relative is helping me with that for the time being. + + i will be going to college for a year before we move out which will give me the opportunity to get a stable job and to apartment search as well as get a good view of the area and find resources. we will both have jobs starting some time in january but obviously we must switch jobs when we move away. even though we are being as smart as we can and doing research we can never have enough help. any advice in budgeting and planning as well as how to handle moving and long term would be appreciated as well as anything else you think we need to know. comments are great but if anyone would be willing to pm me and (maybe) help us long term that would be life saving and allow me to share more details if needed. hopefully we can make some internet friends along the way lol. but thank you in advance. +I will be getting married later in the year. I currently qualify to contribute to Roth with my solo income. However, Our combined financials would be well above the Roth limits. I have already maxed my solo Roth for 2021 without thinking about this scenario. + +Is there anything I should do now? Am I going to be penalized if we file together for 2021 tax year? Should I re-categorize the roth(can I even do this?) Is it worth filing solo next year because of this? +(Mods, feel free to delete if you don't allow meta posts like this.) + +I recently posted a question about big vs. small houses. + +I almost chose the "verified members only" because I wanted to hear not from regular people happy with their regular homes, but the rationale of rich people who could afford any sized home. + +I didn't, because A) it feels a tad douchey even if it has a good purpose, and B) I was worried about getting only a handful of replies. + +Still ... the secret sauce of this community is that we can get wealth lifestyle and business advice from hundreds of verifiably wealthy people. That's pretty awesome. + +Should we be using that tag more frequently? +* Bank says investor adoption of Bitcoin has only just started +* Gold ETFs are bleeding cash while Bitcoin funds absorb flows + +[https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin](https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin) +Hawaii state law requires all houses with cess pools to convert their system to septic tanks by 2050. The seller’s agent told us the house was on septic. It was also written in our seller disclosure agreements. I just called a septic company to have the system pumped and they told me it is a cesspool. The company said it would cost 20-40k to convert. Do I have any legal recourse from the sellers? +In every system you eventually find that you can tie it back to nature no matter how complex. There is a basic core set of needs everyone is operating from, we really just differ in the degrees of complexity with which we achieve those core needs. Those degrees of complexity are generally proportional to the success in which we attain the materials associated with appeasing those needs. More complexity = greater success. I mean we’re a tool using sapien, the more tools, or better yet the more efficient the tool, the better and a democratic system is intent on creating an environment that allows for equal opportunity for the most competent among us to rise to elite status. From here, this ever evolving elite must create new rules to help maintain a balanced environment through time and space. This is adaptation on a societal scale. + +The fittest among us generally create the most efficient tools (there are exceptions to this rule) and thus gain the most resources which raises their stature in the group, increases theirs and their children’s chances of survival and removes a number of the stressors created by the lack of resources. Our culture has created a system of monetary distribution that allows for a greater number of people to succeed within it but this system has been essentially hacked by a small but extremely powerful contingent of the elite. This happens in a democratic system where wealth transfers within nuclear families, eventually a sociopath will be born and be given free reigns over the economy. The problem is not necessarily the system of generational wealth transfer but of the outsized influence the elite have gained over the system of government that was designed to prevent just that. What we have here is a democratic government ruled by a poly-monarchy. And so we find that the elite are not necessarily inherently morally superior in any way shape for form, as moral superiority is not a necessity for resource gathering in our current system. In essence they’re just better at creating an opaque maze that keeps the masses forever a chasm away from their buried treasure and all that goes with it. + +We see then that it is incumbent upon the will of the people to check the power of the elite by figuring out the particular mazes created by the corrupt and destroying them. That’s the dance of humanity, right there in black and white and it’s the same play on a grander and grander stage for eternity. And is that not exactly what we’re doing here, that same dance, to the same rhythm, with the same significance it will always have. This dance is a necessary one, the process of natural selection is not straightforward, there will essentially be viruses created and in a poly-monarchy or oligarchy as we have now, that virus can have dire consequences if not checked. It is the will of the people that must rise up, like white blood cells, and destroy the virus in order for the body to survive. This is the play of nature, we can find it everywhere, in our oceans, on the Serengeti, in our veins, in sub atomic particles, in everything. + +Prior to the GME saga did you know this specific maze even existed to begin with? I mean, you probably imagined an event horizon of sorts, where the elite played their hidden game of corruption, leaving just enough bread to keep the masses from starving, but nothing really granular beyond that. You were never given even the slightest glimpse of this particular maze throughout your entire education, it’s too new to be taught in schools, it’s happening in real time. And when you discovered this complex maze did you find it intuitively easy to navigate? This maze of PFOF, Dark Pools, Naked Shorting, MSM complicity on a level even a strident conspiracy theorist would be alarmed by, and much more. Did you need a map? That’s what the DD is, it’s a map through a maze. And it’s granular as fuck but once you get your footing you begin to walk with confidence. And this particular maze is so nefarious its caused a number of the elite to defect. Dr. T for instance, providing us with a direct map to DRS. Then we have Ryan Cohen providing us with a map towards digital currency decentralization which basically means he’s figured out the maze, knows who’s behind it, understands its threat and he’s creating the antidote. The antidote always strengthens the white blood cells (us) and teaches them how to destroy the virus. + +And so as we approach the end of the maze the virus will put up its greatest and final defense, a giant smokescreen in an attempt to make us lose sight of the finish line. No group of retail investors have ever gotten this close to the end of this particular maze, it was just so complex they believed no one ever could. Thus they are caught off guard and scrambling for a way to get us to sell. The problem is we have the perfect map, the perfect antidote and our map includes a clear description of every tactic they’re desperately trying on us now. They have already lost, this is the perfect storm. + +Always remember, we did not simply navigate a complex maze to defeat a corrupt oligarchy. We did what every generation has been forced to do, with greater degrees of urgency and success than others. We’ve forced morality upon the elite. We’ve destroyed a virus that would replicate uncontrollably if given the chance and we’ve restored balance, if just for a moment. + +Take this moment to reflect and don’t forget to smash that subscribe button ya’ll. + +TL:DR: A contingent of ruling elite have created an imbalance by establishing an oligarchy that usurps the democratic system created to prevent that very thing. They maintain this imbalance by keeping their nefarious activities hidden through an opaque maze of regulations, dark pools etc…Navigating this maze requires a map (DD). The goal is to destroy the virus within the oligarchy. Ryan Cohen has built the antidote. Together we are restoring balance. This is a tale as old as time. +How would this community feel about a daily updated Google spreadsheet of hot stocks? I think it'd be great if we could have a daily poll on a bunch of penny stocks mentioned in the megathread, and then a mod can add it to the official live spreadsheet, that way we can keep pumpers from manipulating the subreddit. It'd also be a great way to track winners/losers. + +What do you guys think? +I have a $1500 medical bill for an ER visit that I don't even remember. This bill is after insurance and I'm on my family's plan that's supposed to be really worth the $600+ per month payment. + +I cant afford this and it's completely ridiculous. No ambulance ride or anything, just a brain scan because I knocked myself so damn hard I couldn't stay conscious. I wake up and a week later they send me a bill for $1500. How the hell am I supposed to pay this? I have insurance for a damn reason. + +Guess I'm saying goodbye to my school because I have to drain my college savings to pay for this. +The tutorials for this topic are really few . +Would love for the community to share some github repo links and some useful scripts. + +Been stuck on this for a while , auto-encoders are too time consuming for feature learning. + +Trying to explore some other options that beats or comes close to auto-encoders in-terms of finding non-linear relationships in the data. + +Any form of help is deeply appreciated . +Hello, I am developing a stock simulation game. It is a multiplayer game. This is a learning experience for me, so I want to keep it simple while still retaining aspects of trading. What I have currently is this: + +user buys 5 shares of stock S at 2.5 per share. The total volume is 100. + +The net movement resulting from this would be (5/100) \* 2.5 = 0.125 + +So the after this trade, the new stock price is 2.5+0.125 = 2.625 per share. + +Would this be a fair enough method to calculate the net price movement? + +Edit: Thank you, everyone, for the great input. I am still reading through the comments and wrapping my mind around it all. But I really appreciate the help and input from everyone! This community is pretty awesome +I had an idea of using GA to create a new technical indicator basically string together a bunch of simple instructions for the genetics. Probably won't lead to anything but an overfitted indicator that has no use but would be fun to try. + +For each point you can start by initilising a pointer at the current position in time. You then initilise the output to 0. + +Moving: +Using two commands like move one point in time left or right; shift right only if current position<starting position else do nothing (prevent looking into the future) to move. + +You can have basic operations: ++ - / *(add/multiply/divide/multiply whatever is in the outout by the following operand) + +An Operand should always follow an operation and do output = output <operator> operand +(would be o/h/l/c/v data at the current cursor position) or a constant (say bound from 1 to -1) + +So for example a 2 point close ma would be made from 4 genes: + +Operator(+) +Operand(close) + +Move (-) + +Operator(+) +Operand(close) + +Operator(*) +Operand(0.5) +Now that all the excitement from the super bowl crypto ads has died down I wanted to figure out why it exists in the first place. + +Super bowl typically has 100-120m viewers, so clearly it’s a big event. However the champions league final has a lot more, in 2021 700 million people watched Chelsea win. + +This year is the World Cup finals as well, the final typically has 1 to 1.2 billion viewers, ten times more than the super bowl. + +So will we see more big crypto ads for these events? Crypto.com already have a sponsorship deal with PSG who usually do well in the champions league. + +Or is the super bowl special? Is advertising to the average American just significantly more valuable than the rest of the world? +*OF moving... + +Hello all, like many of us I am increasingly contemplating leaving the city for the countryside as I work remotely. + +Have any of you done this for financial and/or personal reasons and what’s the real impact in terms of your finances? Is there enough to do out there? What do you spend your money on now? Unexpected/hidden costs? Are you bored?? +Please concentrate all discussion and posts about articles into this thread. + +We will remove all other bitcoin/crypto submissions as long as this thread is up. + +Thanks, +-the mods +I'm not auto savvy by any means. Sure I know makes/models and I can put a car from park to drive and back to park again, but when it comes to anything under the hood and below I'm clueless. + +I recently had some work done. Once completed, the mechanic mentioned that I should look at replacing my brake pads and quoted me $200+. + +I looked online and watched some tutorial videos and decided to take the plunge. I spent $20 on a tool/ratchet set, $50 on front and rear pads (after a 25% off coupon), and borrowed a jack. + +I didn't get the job done as fast a mechanic would have, but with each tire the process started to get a little quicker. If anything, it took more muscle power than brain power if that makes any sense. + +I didn't time myself, but I probably spent 1-1.5 hours and for the dollar savings I would happily do it again. If your brakes are squeaking or you are feeling frisky go look one up a how-to-video for your make/model and you may just surprise yourself. +# 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 CTRM’s trading volume. + +# Why you should invest in $CTRM + +With the new vaccine rollouts, COVID-19’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. + +CTRM’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 + +**CTRM’s financial statements are pulled from Yahoo Finances.** + +&#x200B; + +https://preview.redd.it/dq3i98x2ukf61.jpg?width=624&format=pjpg&auto=webp&s=33673aee228afe04a89720f3472bd75bb2078d9d + +CTRM’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. + +CTRM’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. + +CTRM’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 CTRM’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.** +* **Company**: [MindMed](https://mindmed.co/) +* **Industry**: Psychedelic Medicine / Digital Therapeutics / Biotechnology +* **Location**: New York, NY / Toronto, Ontario +* **Flagship Products**: 18-MC, [Project Lucy](https://mindmed.co/experiential-therapies/), [Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/) +* **Treatment Focus**: Addiction, ADHD, Anxiety, Depression, Headaches +* **Ticker**: $MMEDF (OTC), $MMED (NEO), $MMQ (DAX) +* **Share Price**: $4.00 ($MMEDF), +* **Market Capitalization**: $1.19B +* **Float**: 209.25M +* **Average Volume (3 month average)**: 5.22M ($MMEDF) +* **Insider Ownership**: 17.3% +* **Investor Presentation**: [Link](https://mindmed.co/wp-content/uploads/2021/02/MindMed-Corporate-Presentation-6.pdf) +* **Financial Reports**: [Link](https://mindmed.co/investor-resources/#financials) +* **SEC Filings**: [Link](https://sec.report/otc/company/MMEDF) +* **SEDAR Filings**: [Link](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030583) +* **Hallucinogen Research History**: [Link](https://mindmed.co/wp-content/uploads/2020/11/regulation-of-human-research.pdf) + +---------- +**RECENT NEWS** + +[New California bill would decriminalize psychedelics, expunge criminal records](https://www.nbcnews.com/news/us-news/new-california-bill-would-decriminalize-psychedelics-expunge-criminal-records-n1258261?cid=sm_npd_nn_tw_ma) + +---------- + +**TRADING STRATEGY** + +* **SHORT TERM TRADE**: +> In anticipation of a Nasdaq listing, and in response to rapidly growing interest in the psychedelic industry, I plan to increase my equity position in MMEDF, with the short term goal of closing the position at a profit. I will maintain my main equity position over the next several years. Speculatively speaking, I believe retail traders will shift to industries that have the potential to experience significant price action, similar to what we have seen in the cannabis industry. There are only a small number of psychedelic pure plays, so I expect the notable companies, such as MindMed, to receive the most attention. + +* **LONG TERM SPECULATION**: +> For the reasons expressed in this summary, I continue to build a long term equity position in MindMed. I plan to hold this position for a minimum of one year, and I’ll reevaluate at that time. + + +---------- + +**HIGHLIGHTS** + +* **1.** MindMed develops psychedelic based medications and treatment protocols for the treatment of mental health and neurological disorders. +* **2.** Psychedelic based medicine is an emerging industry, with decades of anecdotal success. +* **3.** A 2017 [Global Drug Survey](https://www.forbes.com/sites/janetwburns/2017/05/26/global-survey-says-magic-mushrooms-are-the-safest-recreational-drug/?sh=4834431d4dad), cites psilocybin as the safest recreational drug. +* **4.** Mental health [awareness is increasing](https://www.forbes.com/sites/zinamoukheiber/2019/05/22/mental-health-awareness-is-on-the-rise-but-access-to-professionals-remains-dismal/?sh=5eb0bd297ba5), while social stigmas are decreasing. +* **5.** The World Health Organization estimates that mental health [accounts for 10%](https://www.worldbank.org/en/topic/mental-health) of the global disease burden. +* **6.** In 2014, it was reported that mental health and substance abuse services account for [approximately $50 billion](https://www.harriswilliams.com/de/system/files/industry_update/behavioral_health_industry_update.pdf) in annual revenue, and $300 billion when ancillary services are considered. +* **7.** The global mental health market is expected to grow at a [CAGR of 5.02%](https://www.globenewswire.com/news-release/2021/01/06/2154290/0/en/Behavioral-Health-Market-to-Garner-Growth-at-5-02-by-2027.html). +* **8.** Venture capital funding for mental health startups is at an [all time high](https://finance.yahoo.com/news/driven-pandemic-demand-mental-health-050000001.html) indicating a significant shift in the industry. +* **9.** MindMed maintains approximately $144.7M in cash on hand. +* **10.** MindMed has at least five known catalysts expected to occur this year, including a Nasdaq listing that is imminent. +* **11.** MindMed has six medications and treatment protocols currently in clinical trials, including treatments for opioid addiction, depression, anxiety, and headaches. +* **12.** MindMed is backed by notable investors, including Shark Tank’s Kevin O’Leary and Canopy Growth Corp founder, Bruce Linton, who serves as a Board Director. +* **13.** MindMed is the second largest holding in Horizons’ [PSYK ETF](https://www.horizonsetfs.com/etf/psyk), the world’s first psychedelic ETF. + +---------- + +**COMPANY OVERVIEW** + +> MindMed is an early stage biotechnology company founded in 2019, and headquartered in New York City. They are focused on discovering, developing and deploying psychedelic based medications and treatment protocols, primarily derived from Psilocybin, LSD, MDMA, DMT and Ibogaine. The company is led by Chief Executive Officer and Co-Founder, [JR Rahn](https://mindmed.co/team/jr-rahn/), a former Silicon Valley tech executive, and President and Board Director, [Dr. Miri Halperin Wernli](https://mindmed.co/team/dr-miri-halperin-wernli/), a thirty year pharmaceutical and biomedical executive who previously served at several major pharmaceutical companies, such as Merck, Roche, and Actelion. Their pipeline is focused on treating a range of common mental health and neurological disorders, such as addiction, anxiety, depression, and headaches. + +---------- + +**LEADERSHIP** + +* **Chief Executive Officer**: JR Rahn +> JR Rahn is a former Silicon Valley tech executive who previously worked in market expansion and operations at Uber. Subsequent to his work at Uber, he founded the Y Combinator backed fintech company, [Upgraded Technologies](https://www.upgraded.io/), which is now partnered with Apple. + +* **President and Chair of Technology Evaluation**: Dr. Miri Halperin Wernli +> Dr. Halperin Wernli is a thirty year pharmaceutical and biomedical veteran, with a history of executive leadership. In 2016, she co-founded Creso Pharma, a cannabis research and development company. Prior to founding Creso Pharma, Dr. Halperin Wernli worked in clinical psychiatry, and held senior leadership positions at major biotechnology companies, such as Merck, Roche, and Actelion. + +* **Chief Development Officer**: Robert Barrow +> Robert Barrow is a vetaran pharmaceutical executive and clinical pharmacologist. Previously, Mr. Barrow served as Director of Drug Development And Discovery at [Usona Institute](https://www.usonainstitute.org/) a non-profit research organization focused on the therapeutic effects of psilocybin and other psychedelics. Prior to Usona, Mr. Barrow served as Chief Operating Officer of [Olatec Therapeutics](http://www.olatec.com/), a biopharmaceutical company that develops treatments for chronic inflammatory diseases. + +* **Chief Scientific Officer**: Dr. Donald Gehlert, PhD +> Dr. Gehlert is a pharmacology and neuroscience expert, who previously served as a research fellow at Lilly Pharmaceuticals, where he helped introduce 19 molecules into the Lilly pipeline, and deliver proof of concept studies in the areas of ADHD, obesity, depression, pain and migraine. He is a co-author on 182 publications and a co-inventor on 15 issued and pending patents. + +* **Notable Board Director**: Bruce Linton +> Mr. Linton is the co-founder and former Chief Executive Officer of [Canopy Growth Corp](https://www.canopygrowth.com/), one of the largest cannabis companies in the world, with a market cap of $15.17B. +---------- + +**RECENT EVENTS** + +* **1.** On February 11th, 2021, MindMed signed a [research and development partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss startup, MindShift Compounds AG +* **2.** On January 27th, 2021, [Horizons ETFs Management](https://www.horizonsetfs.com/home) launched the world’s first psychedelic focused Index ETF, [PSYK](https://www.horizonsetfs.com/etf/psyk), of which MindMed is the second largest holding. (*MMEDF is now the 4th largest holding). +* **3.** On January 20th, 2021, MindMed announced the first ever clinical trial evaluating the combinational use of MDMA and LSD. The trial will be conducted at the [University Hospital Basel Liechti Lab](https://biomedizin.unibas.ch/en/research/research-groups/liechti-lab/), in Switzerland. +* **4.** On January 14th, MindMed [hired Robert Barrow](https://mindmed.co/news/press-release/mindmed-adds-chief-development-officer-with-fda-phase-2-psilocybin-clinical-trial-experience/) as Chief Development Officer. “Mr. Barrow previously served as Director of Drug Development and Discovery at the [Usona Institute](https://www.usonainstitute.org/). At Usona, Mr. Barrow was responsible for launching the Phase 2 clinical program for psilocybin in the treatment of Major Depressive Disorder and for obtaining Breakthrough Therapy Designation for the program at the FDA.” +* **5.** On January 12th, MindMed announced a randomized placebo-controlled study further evaluating the effects of LSD microdosing. “The study will be conducted in collaboration with [Dr. Kim Kuypers](https://www.maastrichtuniversity.nl/k.kuypers) of [Maastricht University](https://www.maastrichtuniversity.nl/) in the Netherlands” + +For a comprehensive list of press releases, please visit [this link](https://mindmed.co/news/press-release/). + +---------- + +**CATALYSTS** + +* 1. [Nasdaq up-listing](https://mindmed.co/news/news-press/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/) anticipated in Q1, 2021. +* 2. FDA IND for LSD Therapy anticipated in Q2, 2021. +* 3. Phase 2a LSD Microdosing anticipated in Q2, 2021. +* 4. Top line results from 18-MC’s Phase 2a trial anticipated in Q4, 2021. +* 5. Phase 2b LSD Anxiety Disorder anticipated to begin in Q4, 2021. +* 6. Strategic Pharmaceutical Partner for 18-MC, estimated for Q2, 2022. +* 7. Reverse Stock Split (Purely Speculative and Unsubstantiated) + +---------- + +**ADDRESSABLE MARKETS** + + +* **Total Market**: Estimated $100+ billion global total addressable market for psychedelics. [Eight Capital](https://cannabisradar.de/wp-content/uploads/2020/04/MMED_8Cap_APR27.pdf) +* **Depression**: The global antidepressants market is expected to grow from $14.3 billion in 2019 to about $28.6 billion in 2020. [Global News Wire](https://www.globenewswire.com/news-release/2020/04/21/2019282/0/en/Global-Antidepressants-Market-2020-to-2030-COVID-19-Implications-and-Growth.html). +* **ADHD**: The global ADHD market is expected to reach $24.9 billion by 2025. [Grand View Research](https://www.grandviewresearch.com/industry-analysis/attention-deficit-hyperactivity-disorder-adhd-market?utm_source=prnewswire.com&utm_medium=referral&utm_campaign=PRN_Feb11_ADHD_RD1&utm_content=Content) +* **Drug Addiction**: The global drug addiction treatment market is expected to reach $31.17 billion by 2027. [Reports and Data](https://www.reportsanddata.com/report-detail/drug-addiction-treatment-market) +* **Global Impact**: “Globally, an estimated 264 million people suffer from depression, one of the leading causes of disability, with many of these people also suffering from symptoms of anxiety.” [World Health Organization](https://www.who.int/teams/mental-health-and-substance-use/mental-health-in-the-workplace#:~:text=Globally%2C%20an%20estimated%20264%20million,each%20year%20in%20lost%20productivity.) + + +---------- + +**PRODUCTS AND SERVICES** + +* MindMed engages in the research and development of medications and treatments derived from LSD, Psilocybin, MDMA, DMT, and Ibogaine. + +* **[18-MC](https://mindmed.co/news/press-release/mindmed-initiates-dosing-in-human-safety-study-of-novel-treatment-for-opioid-addiction-18-mc/)**: 18-Methoxycoronaridine is a novel derivative of Ibogaine, a naturally occurring psychoactive substance found in plants, which has demonstrated [promising results](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4382526/) in treating drug, alcohol, and nicotine addiction. 18-MC has a significantly improved safety profile, and is shown to be neither psychoactive nor psychedelic. At MindMed, 18-MC is currently entering Phase 2A trials for the treatment of opioid addiction. + +* **[Project Lucy](https://mindmed.co/news/press-release/mindmed-launches-project-lucy-focused-on-lsd-experiential-therapy-for-anxiety-disorders/)**: This program intends to develop and commercialize psychedelic assisted therapies for the treatment of anxiety disorder. Experimental doses of LSD will be evaluated under supervision, and in coordination with ongoing patient therapies. In December of 2020, [MindMed announced](https://www.prnewswire.com/news-releases/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy-301191722.html) the successful completion of a Pre-IND meeting with the FDA for Project Lucy, as well as preparations to open an Investigational New Drug (IND) in August of 2021, with a Phase 2B clinical trial for LSD assisted therapy. + +* **[Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/)**: Digital therapeutics are evidence based interventions guided by software for the treatment and prevention of diseases and disorders. These digital tools include wearable devices, machine learning, and AI systems. Albert is an early stage platform intended to develop a comprehensive toolset focused on delivering psychedelic based treatments and therapies in combination with digital therapeutics. Dr. Miri Halperin Wenli, MindMed’s President and Head of Chair of Technology Evaluation, is currently designing an experimental clinical trial that pairs psychedelic inspired medicines, such as LSD, with digital therapeutics to track, engage, and influence patient behavior. + +---------- + + +**DEVELOPMENT AND COMMERCIALIZATION** + +> MindMed’s pathway to commercialization is a standard three stage process of Discovering, Developing, and Deploying. Initially, research will focus on acquiring and discovering new chemical products and treatment protocols. These compounds and protocols will enter FDA regulated clinical trials, with an effort to secure partnerships with major pharmaceutical companies. Finally, strategic affiliations with research centers, hospitals, pharmaceutical companies, and insurers will enable the licensing of medications and protocols. It is important that we monitor how their commercialization strategy develops, because psychedelic inspired treatments are new products, and it’s unclear how well they can be monetized. + +---------- + +**SUCCESS STORIES: WHY SPRAVATO’S FDA APPROVAL MATTERS** + +> On August 3rd, 2020, The Janssen Pharmaceutical Companies of Johnson & Johnson [announced](https://www.jnj.com/janssen-announces-u-s-fda-approval-of-spravato-esketamine-ciii-nasal-spray-to-treat-depressive-symptoms-in-adults-with-major-depressive-disorder-with-acute-suicidal-ideation-or-behavior) that the FDA had approved [SPRAVATO](https://www.spravato.com/) (eskatamine), the first prescription nasal spray, for the treatment of depressive symptoms in adults with major depressive disorder, and treatment-resistant depression. + +> Spravato is a potent sterioisomer of ketamine, a psychedelic substance used in anesthesia, pain management, depression, and seizures. Spravato is significant for two important reasons. It represents the first FDA approved drug for depression that does not work directly on [monoamines](https://pubmed.ncbi.nlm.nih.gov/8121966/), and it is the first psychedelic drug approved by the FDA for a psychiatric condition. This demonstrates the utility of psychedelic substances, and supports the need for further research and development. + +---------- + +**PARTNERSHIPS** + +> MindMed currently maintains several clinical and research partnerships. + +* **1.** [Partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss psychedelic drug discovery startup, Mindshift Compounds AG, for the purpose of developing and patenting next-generation psychedelic compounds. + +* **2.** [Partnership](https://mindmed.co/news/press-release/mindmed-partners-with-nyu-langone-medical-center-to-launch-groundbreaking-training-program-for-psychedelic-therapies-and-medicines/) with New York University Langone Medical Center, for the purpose of launching a clinical training program focused on psychedelic assisted therapies and medications. + +* **3.** [Partnership](https://www.proactiveinvestors.com/companies/news/929913/mindmed-announces-rd-collaboration-with-liechti-lab-in-switzerland-on-psilocybin-929913.html) with Liechti Lab, a psychopharmacological research center based in Switzerland, for the purpose of research and development into the effects and state of consciousness induced by psilocybin and LSD. + +* **4.** [Partnership](https://mindmed.co/news/press-release/mindmed-advances-phase-2-lsd-microdosing-trial-for-adult-adhd-appoints-principal-investigator/) with Maastricht University, based in the Netherlands, for the purpose of conducting clinical trials for the use of LSD in adult patients with ADHD. + +---------- + +**FINANCIALS** + +> Since inception, MindMed has raised $187M, including warrants. [Funding has occurred over six rounds](https://www.crunchbase.com/organization/mindmed/company_financials), with four bought deal offerings, one pre-public offering, and one seed round. Notable investors include [Canaccord Genuity Group](https://www.canaccordgenuity.com/), venture capitalist and Shark Tank host [Kevin O’Leary](https://www.kevinoleary.com/), Velos Partners founder [James Bailey](https://www.crunchbase.com/person/james-bailey-2), and [Canopy Growth Corporation](https://www.canopygrowth.com/) founder, [Bruce Linton](https://www.crunchbase.com/person/bruce-linton). + +* On January 7th, 2021, MindMed announced the closing of a [$72.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-92-1m-usd-72-7m-to-meet-high-investor-demand/), increasing cash on hand to $144.4M. + +* On October 30th, 2021, MindMed announced the closing of a [$22.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-28-75m-with-strong-institutional-demand-for-psychedelic-medicines/). Co-Founder and CEO, J.R. Rahn stated, “The strong institutional investor interest for this oversubscribed financing demonstrates the vast appetite for companies pursuing clinical trials of psychedelic medicines with the FDA and other regulatory bodies.” + +* On October 30th, 2021, MindMed announced Q3, 2020 [financial results](https://mindmed.co/news/press-release/mindmed-announces-q3-2020-financial-results/), citing total assets as of September 30th, 2020 of $23.7 million, including $18.2M in cash. Net and comprehensive loss of $8.6 million for the three months ended Sep 30,2020, and $21.4 million for the nine months ended September 30, 2020. + +---------- + +**IN THE MEDIA** + +* **”Psychedelics-Drug Startup Raises $24 Million Ahead of IPO”**, [Wall Street Journal](https://www.wsj.com/articles/psychedelics-therapy-startup-raises-24-million-ahead-of-ipo-11582822163) + +* **”Silicon Valley’s psychedelic wonder drug is almost here”**, [Fast Company](https://www.fastcompany.com/90436824/silicon-valleys-psychedelic-wonder-drug-is-almost-here) + +* **”Psychedelic drug company MindMed applies for nasdaq up-listing”**, [Forbes](https://www.forbes.com/sites/willyakowicz/2020/09/25/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/?sh=1a9692226cf7) + +* **”Psychedelic drugs may transform mental health care. And big business is ready to profit from the revolution”**, [Fortune](https://fortune.com/longform/psychedelic-drugs-business-mental-health/) + +* **”A startup that wants to use psychedelics to treat addiction just raised $6.2 million from the host of Shark Tank and the architect behind the world’s biggest cannabis grower”**, [Business Insider](https://www.businessinsider.in/science/news/a-startup-that-wants-to-use-psychedelics-to-treat-addiction-just-raised-6-2-million-from-the-host-of-shark-tank-and-the-architect-behind-the-worlds-biggest-cannabis-grower/articleshow/71377825.cms) + +* **”New York is getting its first psychedelic-medicine center, with the help of a startup called MindMed, which develops hallucinogens to treat mental illness and addiction, and is funding an institute at N.Y.U. Langone Medical Center”**, [The New Yorker](https://www.newyorker.com/magazine/2020/10/12/turn-on-tune-in-get-well#:~:text=New%20York%20is%20getting%20its,at%20N.Y.U.%20Langone%20Medical%20Center.) + +* **”MindMed surges, putting it at the forefront of psychedelic euphoria”**, [Bloomberg](https://www.bloomberg.com/news/articles/2020-12-09/mindmed-surges-putting-it-at-forefront-of-psychedelic-euphoria) + +---------- + +**HISTORY AND PARALLELS** + +> The history of psychedelic discovery, use and regulation is flush with politics, propaganda, and anecdotes. Although hallucinogens have reportedly been used for centuries, it was not until the late 1930’s and 1950’s that LSD and psilocybin were isolated in a laboratory setting. In 1968, the United States government passed legislation banning the possession of LSD and psilocybin, which restricted the use of these substances in clinical research. In most developed countries, with the exception of a few, such as Brazil, Jamaica, the Netherlands, possession remains illegal. In 2000, the Psychedelic Research Group at Johns Hopkins received U.S. regulatory approval to reinitiate psychedelic based research. + +> As we have seen with cannabis reform, culture and politics are shifting, and substances that were previously illegal are gaining renewed support for both medicinal and recreational use. In 2012, Colorado and Washington became the first two states to legalize the recreational use of cannabis, following the passage of Amendment 64 and Initiate 502. Since then, we have seen significant efforts from additional states to either decriminalize or legalize the use of cannabis. + +> For additional information on the history of psychedelic substances and the regulatory milestones they achieved, please refer to [this summary](https://www.reddit.com/r/speculator/comments/lk6p7q/anticipating_trends_in_developing_industries_from/), posted in r/speculator. + +---------- + +**FURTHER EDUCATION** + +> On February 18th, 2021, Horizons will hold a [webinar](https://register.gotowebinar.com/register/87068539393444368?source=Alert) dedicated to investment opportunities in the psychedelic industry. + +> Topics will include, + +* **What are psychedelics?** +* **How are they currently regulated?** +* **What is the medical market opportunity?** +* **Which companies are leading research in this space?** +* **What’s the best way to invest in the emerging psychedelics marketplace?** + +---------- + +**DISCLAIMER** + +> I hold a long term equity position in MMEDF. I plan to increase this position in anticipation of upcoming catalysts and growing sentiment, with the intention to close this temporary position at a profit in the near term, while maintaining my primary equity stake. + +> This content of this post is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Everyone of you know about lululemon, **why** did the stock price go up 100x from 2009? Because we like the stock, we like the girls, but most importantly we purchase the goods! More tight yoga pants = leads to more sales of more sheer tight pants, literally cannot lose. + +Support your company through buying their products. + + 🚀 Gamestop 🚀 - why buy games anywhere else? + +[https://www.gamestop.com/](https://www.gamestop.com/) + + 🚀 **Blackberry** 🚀 Cylance - protect your boomer parents from **clicking every link possible** on the internet and get the virtual corona, then call tech support in India and get scammed for $420.69 and then their credit card maxed out when they can buy another share of GME, or 30 shares of BB. + +[promos.cylance.com/](https://promos.cylance.com/en-ca/) + + 🚀 AMC 🚀 - fuck what can we do to help them out, cash infusion already done, can't go bankrupt. + + 🚀 NOK 🚀 - more below. + +**I think we have enough top level people watching this sub, where we can actually move stocks based on our preferences. Literally giving fundamentals where they weren't there before.** + +We at not all retard paperboys like myself who make $3.50 an hour, some of us are top executives who can decide to **switch** tens of thousands of our Cyber protection products from crowdstrike to Blackberry. + +We have the power **change** purchase location everything we play through gamestop and more depending on how papa Cohen directs this ship. + +We have the power to **hit** that AMC theater when it is available and make movie watching great again at AMC. + +I will even go as far to say that we have people here who can **decide** the fate of Nokia's 5G future watching this sub. + + +We like the STONKS! +So here’s the dilemma. I am an engineer and I work for an electrical construction company that I joined 7 months ago for a 45% pay rise. + +I have essentially been promoted to the position of department manager last month which means I am leading all other engineers. + +I am relatively young and am being mentored into this position by the previous manager. + +Should I be asking for a pay rise for the new responsibility? Or should I be grateful for the opportunity to learn a new skill set and request a pay rise after proving my worth? +Gonna use an example apartment with a $650k purchase price. North west Sydney location (Hornsby) about 20km from the city. Building around 14 years old. No pool/gyms. Block of 50 plus units. + +Apartment sold for $530k in 2014. + +Strata is $4k~ pa +Water is $400~ pa +Council rates $1k~ pa. Total Roughly $6k pa + +Let’s say 110k deposit. 540k mortgage at 1.98% fixed for 3 years. + +Weekly repayments of P&amp;I around $450. + +Plus $105 more a week for all strata costs. + +This equates to 28k a year. I’m guessing 2/5 is interest. 1/5 is strata costs and 2/5 is principal. But it’s probably lower. +Good morning everyone. + +I wanted to get some toughts/opinions on where to park $180k for the best monthly dividend return. I am not worried about growth on this particular portion of my portfolio, just monthly dividend returns that will not be directly reinvested. + +I am stuck between QYLD, XYLD, JEPI etc. Looking for other recommendations that I can research as well. + +I am good with using margin if it makes sense for additional return leverage. + +Any thoughts/recommendations are appreciated. + +Thanks! +I've considering just going all vym instead of a little vym with other holdings. About half of my individual holdings are also in vym. All of this is in Roth IRAs + +Here's what I have in approximate %, the rest is in small cap value and internationals which I don't want to change. +VYM =10 +SPHD = 10 +MAIN = 10 +O = 10 +NEWT= 5 +MA = 1 +V = 1 +AVGO = 1 + +I like ma, v, avgo and also considering jnj and mmm to be more diversified, but is VYM enough? +I know they just missed their earnings, but i feel they been on a very long downward trend. What is causing this? I was thinking with pandemic more in check people would be going to office more mobile device use would be on the up swing. I also know they put a lot of money into 5G and that hasn't been as big of a boom as they hoped but down 20% making my portfolio looking rough! +I have been earning 15.50 per hour as a marketing assistant. I set goals with my boss to graduate college, revamp our company website, increase my marketing knowledge and get at least 5 news releases published about our company in 6 months. I did it with time to spare, and I was able to manage a raise to $25 per hour with benefits and full time work. (I am currently part time). I feel so great! +If you want a raise and don’t know how to approach it, set goals with your manager. Depending on how reasonable the goals are, that will help you determine if continuing to work there is worth your time. +Joe Brenner replaced Joan McKown in 2010 as the SEC's Division of Enforcement's Chief Counsel, after she served the SEC for 24 years. He left Wilmer Cutler Pickering Hale and Dorr LLP to take this position, where he was a member of the Securities Litigation and Enforcement Practice Group and was also the Vice Chair of the firm's Securities Department. Basically, he represented corporations and financial institutions against enforcement proceedings by the SEC and FINRA. Wilmer clients have included Goldman, Citigroup, Morgan Stanley, Credit Suisse, and others. + +From the SEC's website, the role of the Division of Enforcement's Chief Counsel is to "oversee the process of providing legal and policy advice on potential enforcement actions before they are recommended to the commission for approval". + +I don't know about you, but if I left a job defending my corporate buddies to move into government enforcement, and certain market situations came to a head and dictated that I now had to go after them, I would definitely consider quitting. Coincidence? + +Edit: I do not have any sources on why/how he left. Please put link in comments if you can find a reputable one. Maybe he just got bored of finance, who knows + +References: + +[Joseph Brenner Joins S.E.C. Enforcement - The New York Times (nytimes.com)](https://dealbook.nytimes.com/2010/11/10/new-gun-for-s-e-c-enforcement/) + +[The S.E.C.'s Revolving Door: From Wall Street Lawyers to Wall Street Watchdogs - Rolling Stone](https://www.rollingstone.com/politics/politics-news/the-s-e-c-s-revolving-door-from-wall-street-lawyers-to-wall-street-watchdogs-88000/) + +[https://www.sec.gov/news/press/2010/2010-218.htm](https://www.sec.gov/news/press/2010/2010-218.htm) + +[https://www.sec.gov/news/public-statement/statement-joe-brenner-081321](https://www.sec.gov/news/public-statement/statement-joe-brenner-081321) + +&#x200B; + +shoutout to u/Moleskin21 for posting the SEC article about him leaving on another subreddit + +Other Edits: a few minor word changes for clarity +I just turned 21 a week ago today. + +I’ve been investing in crypto for just about a year now, but more seriously the past 7 or so months. No I’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. + +I’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. I’m fine waiting, practicing patience, and accumulating over time. + +I don’t expect to become rich, and I know damn well I won’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 I’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 just watched The Big Short and the obvious plot of the film is that there was this huge unstable part of the economy that no one noticed until it was too late, and it caused a big crash. In your opinions, what is the *current* potential candidate for causing the next crash? +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +I have a feeling people will have a wide range of differing answers to this question. I'm curious to see what you all consider the biggest stumbling blocks. +The data does look solid I suppose, but I've been here long enough that we've never been really great at predicting huge spikes and technical analysis doesn't work so well with GME to begin with. + +Just feels like a trap to get people to lose on options. + +Also, since when did we really settle on 40% as being this monumental occasion? I really couldn't give a shit until it's maybe 40,000%. + +Don't really have much else to add. Anyone else think different? +My father is 60 and considering selling half of his franchise business. He has a mix of health issues that aren’t an immediate risk but most likely will be in less than 10 years. + +Anyways he will come into 3 million USD before taxes. + +He plans to keep half of his business which should net around 200-300k in cash flow yearly. Along with 2 of the franchise locations owned by him. (Probably valued at $800k to a million for both properties) + +Anyways I am seeking opinions on how to invest his money, with low risk, potentially monthly income. + +Thanks +Like most Apes I know, I watch the ticker and keep re-watching The Big Short. Shorting the housing market in 08 was one of the best trades ever. The VW short squeeze was one of the best trades ever. I’m sure there are others (it would be an interesting book actually… apes write together?), but this trade, is going to be the best trade in the history of Wall Street. The people who actually have a goddam backbone and a swinging pair (yes, ladies and non gender conforming people can have a goddam pair let me tell you), are going to be in on it. + +I’m trying to express the depth of the FOMO you will experience by paperhanding, and I’m having trouble. You need to look at the floor, the real floor the 25 mil + / share floor. That’s the real deal. It’s not a mirage - if we will it, it’s no dream. How can you possibly fuck this up? You just have to wait and wait and wait. Then wait some more. Eventually, the patient among us who had the sheer nerve to pull this off will get some tendies. The rest are going to be a bunch of also-rans. There’s no second place with this trade you either execute it correctly your your a paper handed little snot. + +Have faith in yourself, have faith in others. Faith is an acceptance of the whole hearted promise that your fellow apes got your back and we are all moving towards the same goal, not just scattering in the wind when we hit some number. + +That’s what this community is, it’s a promise to ourselves and a promise to each other not to fuck this up. These banks and Wall Street assholes stole so much money from us. They stole from people who literally had nothing in their bank accounts. It’s sick (and I’m trying to find some stats on how much they stole but it’s a lot. Sen. Warren (D-MA) raised this during the recent Banking Committee hearing). + +Let’s kick em in the goddam teeth. The only thing they understand is having their tendies yeeted, everything else is noise to them. + +Have faith in your fellow ape. Buy. HODL. 💎🤟 + +Edit: Thanks for the awards!! It feels amazing that there is so much faith in each other. [I was wrong about overdraft fees, it’s like 30 billion in 2020. ](https://www.cnbc.com/2020/12/01/banks-will-get-30b-in-overdraft-fees-this-year-heres-how-to-avoid-them-.html) + +Edit2: [A little more on overdraft fees.](https://www.reuters.com/business/wall-street-ceos-tout-covid-assistance-diversity-efforts-before-us-senate-2021-05-26/) +Like most Apes I know, I watch the ticker and keep re-watching The Big Short. Shorting the housing market in 08 was one of the best trades ever. The VW short squeeze was one of the best trades ever. I’m sure there are others (it would be an interesting book actually… apes write together?), but this trade, is going to be the best trade in the history of Wall Street. The people who actually have a goddam backbone and a swinging pair (yes, ladies and non gender conforming people can have a goddam pair let me tell you), are going to be in on it. + +I’m trying to express the depth of the FOMO you will experience by paperhanding, and I’m having trouble. You need to look at the floor, the real floor the 25 mil + / share floor. That’s the real deal. It’s not a mirage - if we will it, it’s no dream. How can you possibly fuck this up? You just have to wait and wait and wait. Then wait some more. Eventually, the patient among us who had the sheer nerve to pull this off will get some tendies. The rest are going to be a bunch of also-rans. There’s no second place with this trade you either execute it correctly your your a paper handed little snot. + +Have faith in yourself, have faith in others. Faith is an acceptance of the whole hearted promise that your fellow apes got your back and we are all moving towards the same goal, not just scattering in the wind when we hit some number. + +That’s what this community is, it’s a promise to ourselves and a promise to each other not to fuck this up. These banks and Wall Street assholes stole so much money from us. They stole from people who literally had nothing in their bank accounts. It’s sick (and I’m trying to find some stats on how much they stole but it’s a lot. Sen. Warren (D-MA) raised this during the recent Banking Committee hearing). + +Let’s kick em in the goddam teeth. The only thing they understand is having their tendies yeeted, everything else is noise to them. + +Have faith in your fellow ape. Buy. HODL. 💎🤟 + +Edit: Thanks for the awards!! It feels amazing that there is so much faith in each other. [I was wrong about overdraft fees, it’s like 30 billion in 2020. ](https://www.cnbc.com/2020/12/01/banks-will-get-30b-in-overdraft-fees-this-year-heres-how-to-avoid-them-.html) + +Edit2: [A little more on overdraft fees.](https://www.reuters.com/business/wall-street-ceos-tout-covid-assistance-diversity-efforts-before-us-senate-2021-05-26/) +Can anyone offer some advice on the pros/cons of extending my loft, in the current economic climate? + +I'm thinking of extending my mortgage to cover the cost, and for around £60k (after tax) I'll get a whole new floor on my two bed flat in Tottenham, and a nice new bathroom to go with the big loft room. + +On the positive side my LTV will still be <60%, and I'll get a good interest rate. I'll also get the benefit of the space for around £175 a month on my mortgage, and have the option of renting out the space to get some income. I really like the lifestyle options this gives me. + +However I worry about the impact of a falling housing market, and the poor economic outlook. My monthly payments will be £850 so I think I'll be okay in terms of affordability as I have no dependents. But I was wondering what the worst case scenario might be if house prices end up dropping? Could it end up being a costly and imiting mistake? + +My long term goal is to move house (in around five years) and to retire about 5-10 years after that. My pension is looking reasonable - currently around £350k, at 45 years old. So I'd be interested in any views about the options I have ... + +BTW: I've been really impressed with the quality of advice in this group, both for myself and others. Thanks for all the support! +I have a single residence house in renting out and have been paying a property manager to manage it since I moved out of state for a while. I wanted to know when it's possible to fire a property manager and what steps I should take to properly manage the tenants myself. Thanks! + + +(cross post from /personalfinance) + +I own a second house, inherited from my mother. Fully paid for. I've been renting it to the same tenant for the last 12 years. They've been very reliable -- have never missed a payment, and generally take care of the place. + +They made me an offer on the house and proposed a private, seller-financed sale and I'm trying to figure out if that's a good move for me. + +The offer: 675K with 175K down, rate: TBD, term: TBD. it's on Zillow for 721K (but trending down a little) + +Lot's of questions! + +* How much can I expect to save by making a private sale? +* If the contract is solid, my risk shouldn't be too great, correct? If they default, I would get the house back? +* Assuming I sell it for 675K, besides closing costs, what other real costs are there when selling the house the traditional way? EG, taxes? +* Am I getting this right: If we make a seller-financed deal, I would charge them interest on the 500k they're paying off. So, conceivably, I'm making about 5% on my 500k. If I took, the 675K up front, I could just invest that money. I can assume I would make more than 5%, correct? (With some long-term, low-risk investment) +* If I don't do the deal, they will probably move out (they're ready to buy). So, I would be faced with some upkeep costs (needs a paint job etc. Wear and tear stuff). If I do the deal, they would absorb those costs and I would save that money. Is my reasoning correct here? +* If I want to spread out the capital gains (Installment sale [https://www.thebalance.com/installment-sales-3192872](https://www.thebalance.com/installment-sales-3192872)), the only way to do this is through an arrangement like this, correct? + +Thank you for any and all help. I'm new to all this. If there's anything else I should be aware of, please let me know! +Throw away account which probably isn’t necessary but you never know. + +My end game question is, can you buy a duplex as a primary residence, rent out only one unit while not living in the other and leaving it unoccupied and avoid getting charged with mortgage fraud? + +I purchased my first property as a primary residence, lived in it for two years, and recently turned it into an investment property because I moved to a different state. The plan originally was to buy another and repeat this process but I moved states to be with my gf. My point is that I did everything by the book on my first property. + +I would like to do the same thing in the current state I live in but for certain circumstances can not move out of the current place I am living. I would prefer to purchase an investment property outright but prices are very steep here and I can’t afford 20% down (80k and only have around 45). + +My thought was to buy a duplex as a primary residence and rent out one side of the unit to essentially cover the mortgage. I would not actually live in the other side (stay in my current rented space) but I would leave it unoccupied to be my primary residence on paper. After a year I would flip the whole thing to an investment property. I understand this is dumb financially by still living in the rented space. + +If I don’t rent out one side is it still mortgage fraud since I am not collecting rent on the full space? + +Would anyone really know that I wasn’t actually living there? Would tell the tenants I live there but just stay at my gfs most nights etc in case they are ever asked by anyone (insurance). I would also furnish it just in case anyone were to ever come by. + +Could they somehow check the water or electrify bill and see there is no usage? + +I would also live within miles if the duplex so I could go by somewhat often if that makes any difference. + +Obviously there are many other things to think about that would go into this but before taking things any further I wanted to check with you all. + +I really just have no idea if this is feasible or totally outrageous and was hoping someone could tell me I am an idiot or that this is something that is actually doable - although maybe slightly illegal. + +Appreciate the advice everyone. + + + +To those of you had to make this decision, which did you choose and why? How did it affect your time and cashflow? Looking back, was it the right move? + +Edit: to be more clear, I mean managing your rentals +I see so many shill posts, and some of them are even well reasoned. What I very rarely see is well reasoned criticisms of popular cryptocurrencies. So, which crypto do you think is most overvalued, and why? +Any post that asks for stock or company recommendations has the same basket of companies recommended: V, DIS, MSFT, WM, MA. + +Most users seem to be parroting what they have already seen here and I’m also guilty of this. I’m certain most users that are recommending these companies don’t even know why they are doing it, myself included. + +I just want to mention this to anyone reading so that you do your research before accepting random recommendations on Reddit. And to those who bought these stocks based on these recommendations, you should take a step back and re-evaluate. +Early 30s couple, no kids yet and no elderly living with us (yet). + +We’ve been shopping around for our next main home and a ton of the homes we like have elevators in them. So far, we’ve automatically crossed out homes with elevators because of horror stories we’ve heard about maintenance costs and what needed to be done if it ever required major repairs/replacements. It’s a shame because some of the houses were really nice. + +The limited information I have on elevators came from a friend whose family owned 1950-1960s apartments. Hopefully elevators installed in homes 2010 or newer are less scary to own. Google seems to suggest annual cost in the hundreds, which isn’t bad at all but I’m still skeptical. + +Here are my questions for those who own homes with elevators: + +- What’s the vintage of your elevator and annual maintenance cost? +- How expensive were the big ticket repairs, if any? How invasive were the repairs (did they have to tear walls down for access or ask you to vacate for a while to handle fluids)? +- Any regrets on buying a house with an elevator? +- Any tips for what to look for in an elevator? Eg which features you liked or hated, things you wish you’d known before + +Thanks folks! + + +EDIT: +Thank you so much for your valuable insight - there were many facets mentioned that I haven’t considered. The issue that would most annoy me is the regulatory burden. We’re leaning towards either avoiding the elevator for now or looking into whether we can decommission it until we actually need one. +Looking to sell a single-family home in the LA Area. I just had it appraised at 3.7 million. Trying to decide between an off market offer I’ve received vs working with an agent who would market the home. What is a reasonable commission I could expect to negotiate for such a sale? + +It seems to be a very sensitive subject When I broached it with friends who are real estate agents. + +Thx for any input! +We all talk about emergency funds, index trackers, the odd single stock punt and maybe a few moonshots investments, etc. But do you invest in other things? + +Anyone here into art? Or gold, jewellery or other commodities? Or maybe even retro consoles, stamps or something antique? + +I’m bizarrely taken by the idea of collecting something antique and limited in supply, but don’t really have the funds to do so yet. + +I’d love to look back in 20+ years and have more than just good numbers on an app. + +How about you? +Basically wondering if rate rises cause less people to buy houses, thus reducing the profits for house-builders, or is this cancelled out by the inflation hedge that houses provide people and thus housing demand remains constant despite increased borrowing costs? +I see lots of posts comparing the costs of various brokers, which is fantastic as competition really helps the market. + +In discussions, Hargreaves Lansdown is generally considered one of the more expensive brokers on here, with a platform fee of 0.45% + +HOWEVER, please bear in mind this is capped at £45 a year if you only hold ETFs and Stocks. + +This means, if you hold above £10k, they actually turn out to be one of the cheapest brokers around! + +Just thought I'd mention this fact, as this £45 cap seems to be overlooked when a lot of people are doing their comparisons. +Anyone else frustrated by the lack of good brokers in UK? + +Trading212/Interactive Brokers/Saxo/Freetrade all of them are quite bad... + +IG min deposit 5000... + +&#x200B; + +Any other brokers I am missing? WIth no crazy fees? +I'm thinking of putting a significant amount into them as other than INRG I can't find another clean energy ETF. + +I'm wary of putting money into a single company, particularly one that is loss making. INRG's biggest holding is also loss making. + +But I can't help but think this is the way the world is going. + +Anyone else hold in this company? Could you share your thoughts? :) +Morning all ! + +Say I invested $50k on a stock at $10 a share (5000 shares). 2 weeks later its trading at $20. I think it went up too fast, so I sold everything and booked profits ($50k). A week later it corrected to $14. I bought back 5000 shares. + +Again a month later the same thing happens. I sold at all at $20 and bought back a few days later at $17 (profit 15k) + +Please can someone help me understand my tax implications? + +1. Will HMRC class me as a trader or an investor ? (Will I be paying CGT or self employed tax+NI) +2. How many such trades am I "allowed" before I get classed as a trader? (Absolutely no day trades/CFDs or options) +Guten Tag to this global band of Apes! 👋🦍 + +Obviously the big news of the day is that 'book' entry at CS seems to be an important factor when HODLing shares purchased directly through ComputerShare. Converting from 'plan' is quick and easy, and you can even keep fractional shares if you cancel the sell order created when converting. While many shares are book by default after DRS, this is something that might make a big difference to the number of shares withdrawn from the DTCC. + +Apes, today is the final trading day of the week, both in Germany and the US. I look forward to seeing you again on Monday! + +Today is Thursday, December 23rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$154.05 / 136,31 €** *(volume: 491)* +- 🟩 115 minutes in: $153.92 / 136,20 € *(volume: 491)* +- 🟩 110 minutes in: $153.85 / 136,14 € *(volume: 491)* +- 🟩 105 minutes in: $153.75 / 136,05 € *(volume: 489)* +- 🟥 100 minutes in: $153.69 / 136,00 € *(volume: 473)* +- 🟥 95 minutes in: $153.71 / 136,01 € *(volume: 472)* +- 🟥 90 minutes in: $153.81 / 136,10 € *(volume: 332)* +- 🟩 85 minutes in: $154.00 / 136,28 € *(volume: 251)* +- 🟥 80 minutes in: $153.68 / 135,99 € *(volume: 251)* +- 🟩 75 minutes in: $153.69 / 136,00 € *(volume: 250)* +- 🟩 70 minutes in: $153.61 / 135,92 € *(volume: 239)* +- 🟥 65 minutes in: $153.45 / 135,79 € *(volume: 219)* +- 🟩 60 minutes in: $153.47 / 135,80 € *(volume: 168)* +- 🟥 55 minutes in: $153.44 / 135,78 € *(volume: 161)* +- 🟥 50 minutes in: $153.45 / 135,79 € *(volume: 129)* +- 🟩 45 minutes in: $153.50 / 135,82 € *(volume: 123)* +- 🟩 40 minutes in: $153.47 / 135,80 € *(volume: 107)* +- 🟥 35 minutes in: $153.38 / 135,72 € *(volume: 106)* +- 🟩 30 minutes in: $153.41 / 135,75 € *(volume: 46)* +- 🟥 25 minutes in: $153.30 / 135,65 € *(volume: 22)* +- 🟩 20 minutes in: $153.33 / 135,68 € *(volume: 22)* +- 🟥 15 minutes in: $153.31 / 135,66 € *(volume: 19)* +- 🟩 10 minutes in: $153.33 / 135,68 € *(volume: 19)* +- 🟥 5 minutes in: $153.31 / 135,66 € *(volume: 19)* +- 🟥 0 minutes in: $153.33 / 135,68 € *(volume: 19)* +- 🟥 US close price: $154.00 / 136,27 € *($153.22 / 135,58 € 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 1.1301. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +April 8 (Reuters) - Chipmaker Nvidia Corp (NVDA.O) said on Friday it would seek shareholders' approval to increase the number of authorized shares of common stock to 8 billion from 4 billion. + +Again this is not a stock split this is a dilution of shares. Any insight from my fellow redditors would be great. +[Link](https://www.bloomberg.com/news/articles/2018-07-10/u-s-is-said-poised-to-publish-200-billion-china-tariff-list?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=markets) + +Major Index Futures are down about 0.5% after hours. +A few people have been talking about investing in gold, and I just want to make a PSA about PMGOLD. The "0.15%" fee on this product is extremely deceptive for young investors, who will get hit the worst by it. If you are planning on investing less than $10k, that fee can be more like 1-2% because of the way it is structured. Every year, 0.15% of your holdings, *rounded up to a whole unit*, are garnished in lieu of that fee. So at the current rate of about $27, that's a $27 fee for whatever investment you hold up to $18,000, or a $54 fee for $18-36k etc. (See edit) + +If you're young and scared and want to put $2k in gold for safekeeping, this is probably not the instrument for you. The annual fee will be around 1.35%, and that gets worse the smaller your investment gets. + +Edit: I misread/misremembered this w.r.t. the 18-36k bracket, but the advice for young/small investors remains unchanged. Read the PDS on any product before investing, and don't just take the advice of internet posts!!! +**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 – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – 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/) +This is primarily for the younger investors, mid to early 20s. When I started investing, I had a vision of not worrying about money, buying nice things, and traveling. I started with stocks then moved into derivatives. + +Like many, I wanted to accelerate things and started trading larger sizes. Like many, I took a hit that set me back. In college I was trading wide iron condors in RUT and took a $30K loss in a single trade. My mismanagement of risk set me back in a fairly big way at the time. + +I came from a single mom who worked 2 jobs to support my brother and I. Went to a pretty awful high school with 900 kids in my graduating class. The only reason I went to college was because of a scholarship from the Marine Corps. By all accounts I am average at best. + +Fast forward, I’m 29 now, manage a larger portfolio, own a few homes in Southern California, Florida, and Virginia. I recently purchased my dream car to go along with my Ford raptor. I paid my moms house off and bought her a car. I married my dream girl and we recently got a super rad puppy. + +This is NOT a post for me to talk about what I have. My hope is that this post may serve as a data point for people who may be starting from a similar background as myself. At 16, 29 seemed forever away but I urge you to resist trying to size up to make a few bucks now. And for those that are curious, I stood to make $1800 on the iron condor. An absolute abomination of risk management, my vision convoluted to make $2K. Be patient, take the time to understand risk, make smart money moves, and consistently show up. I imagine many will be able to outperform me, earlier - that would be awesome. I’m rooting for you all. +This is potentially a repeat of what we saw in 2020, when markets crashed and then recovered as we got vaccine programmes in place. + +Unless this is literally the end of the world, life will go on in one way or another, and markets will adapt and continue to do their thing. I suspect crypto markets will do exactly the same. And if we are watching the end times, well what have you got to lose? + +This could present a great buying opportunity if the same pattern occurs again. + +The challenge is of course trying to get in at the best price. But if you work on the basis it's a flash crash, timing is probably not hugely important. +If I max out my 401k and Roth IRA every year (Saving $26,500 for those two), would that be enough? + +I already have about $20k in a taxable brokerage account and I am 27. + +Would that be enough If I just max out those two accounts and don't save any more money? +Hello all! Back to explain how to trade and swing stocks that have ongoing/ending dilution streaks with upcoming catalysts. In this example I will be using BBRW, a stock that has a catalyst for June 29th (earnings) and has current dilution. + +The strategy here is to buy in as close to the end of dilution as possible. Why? Well dilution adds more shares into the outstanding share count. This is the cause for a lot of OTC stocks 'bleeding out' over time. Dilution charts are easy to spot, and the easiest way to see is first - look at their last 10-k's. In each 10-k they should detail current note convertibles. These are the shares that can convert and dilute. Now why is this mostly OTC? Well OTC stocks don't have the access to funding like NYSE/NASDAQ so instead they go through banks/lenders/private investors by taking out notes. These notes have maturity dates meaning until that date they can not be converted into shares. However post maturity date they can be converted all at once as I shall show later on. + +Let's take a look at BBRW now. Their 10-k filed in April for the year ending 2019 shows a total of 10.3 million outstanding shares. This is a very small o/s. But digging further we reach the section with matured notes as follows: + +https://preview.redd.it/y4vz4jfu9y551.png?width=1899&format=png&auto=webp&s=7898bf30bfe17dca4fe0094912b58fb59838e757 + +As you can see, 136 million shares can be diluted into the o/s at anytime. These notes have all matured and can be thrown in the pool whenever the note holder decides. + +So how do we tell when dilution is ending? Well we watch the o/s. At April 1st OTCmarkets reported the o/s to be 34.595 million shares. At May 1st OTCmarkets reported the o/s to be 55.38 million shares. By June 1st OTCmarkets stated there were 130.3 million shares outstanding. This is an addition of 120 million shares over the course of 5 months. So cool, how about spotting the rest of the dilution since the catalyst is the end of june? Well that brings us to t-trades. T-trades are after market block sells or buys by individuals/banks/lenders. These can be seen on time and sales and typically print 3-15 minutes after close. I have attached 3 pictures all showing t-trades of BBRW from THIS WEEK (yes the week of 6/14) + +&#x200B; + +[13 million t-trade](https://preview.redd.it/7sg582tgay551.jpg?width=828&format=pjpg&auto=webp&s=ddf906b92faed1c4ab887a42963db7a4c137ad84) + +&#x200B; + +[5.5 million t-trade](https://preview.redd.it/7srtjdghay551.png?width=1884&format=png&auto=webp&s=9c9d7559a743df1d27050f1dc97960f141946e14) + +&#x200B; + +[7 million t-trade](https://preview.redd.it/7hlos8xhay551.png?width=1905&format=png&auto=webp&s=eed1822aeff616f659b62188717891715440f0ff) + +In total, around another 26 million shares have diluted into the market after hours. This means the current o/s should be around 156 million shares, an increase of 146 million from December 29. But wait, this is more shares than the 10-k stated! Well...Thats because the variable notes convert in terms of $$. So the shares are being converted here for a smaller share price which means more shares are being sold. However, this does mean that dilution is very close to an end and this is where we buy in. Right before/after dilution ends is when stocks really gain momentum. This week the market has handled the dilution fairly well for BBRW. I imagine we might have 1-2 more t-trades but that would be it. I expect post dilution BBRW to have an o/s around 170-180 million and we will see on July 1st. + +One last thing. Dilution can happen during trading hours. VERT is one of the most prominent diluting Market Makers. If you buy into the ask and VERT seemingly has unlimited shares its most likely because they are diluting and have a large chunk just hidden at that price. Always be weary and check filings! + +Side note - The catalyst for BBRW is earnings, play the hype for this - if dilution ends it could see a great run. If not we should still have the volume to get some nice gains..as always use stop losses though, especially with otc. Hopefully this helps. If you have questions feel free to ask here or on discord, username is Archer on the pennystocks discord. +Here's my portfolio: + +* 60% VTI +* 15% QQQ +* 15% VXUS +* 5% BND +* 5% JEPI + +I'm young (30+ years out till retirement). My goals are to maximize wealth for the long-term. +I’ll be moving to a new house in a month or two and I’ve been back and forth with whether I should sell or rent my current home. Here’s the facts of my situation… + +I paid $215K for my house in 2009, owe around $300K currently (did a big remodel several years ago) and I could sell it for around $700K. + +Current mortgage payment is $1700 and I could rent for $3500. If I apply for a short-term rental permit, I could get one in a year or two and gross $5-7K/month on average. + +I have other long-term and short-term rentals so I have experience in the rental game. + +I’m self-employed and my real estate holdings are the biggest chunk of my retirement plan. + +If I sell I cash-in on the primary residence capital gains exemption and pocket a bunch of tax-free money. If I hold and rent, I’d essentially be committing to keeping the property for 10+ years and could generate some solid cash flow. + +In this housing market we’re in now with talks emerging of bubbles and irrational exuberance, am I crazy for considering holding & renting this property? +I'm in my late 20s and only just last year started making 5 figures due to severe sickness/recovery/studying for my current job. I stayed at my parents long enough to have a good emergency savings fund and money for furniture/moving expenses during covid then left b/c family was too much. + +I have after everything 9k cash saved right now and save at a rate of about 25% or 1k USD of my monthly income. All of these recent stories about paying 100k over asking price for a home frighten me and frankly I'm scared I won't be able to afford a home if I wait too long. Asking price for me ideally would be a 350k to 400k home. + +If I neglect to devote savings towards any sort of retirement for two years, I can at least secure my first home and then have assets to leverage towards a bigger, nicer home later. I feel like its important to secure that kind of asset, but idk how harmful that would be for my retirement. + +I have no savings for retirement yet, b/c the money I have saved is what I consider my emergency fund. I'm not a financial guru or even close to it so I'm asking for advice. I am honestly just terrified I will not be able to get a home the way these home prices keep rising + + +Edit: Current salary: 75k as of this year, last year 50k. +This is more of an appreciation post and a post for those newer traders looking for guidance. There is a lot of fluff out there but I've had some wonderful interactions with 4 redditors in particular that have either offered their expertise in pointing out what my failings are, or bounced charting ideas and market theory ideas off of. Even shared strategies with, and tested strategies together. Trading can be lonely, no one I know can speak about trading in an engaging level IRL. So I also appreciate most people on this subreddit wanting to better themselves and others. Here are some genuine people who are here to help without any hidden agendas (in my order of "meeting" them): + +u/Kant_sleep13 \- Equity trader, creates a daily watch list he posts here and has really useful stickies on his page along with videos. He's a straightforward dude who tells it like it is and doesn't care for nonsense. He's probably not interested in talking to you unless you HAVE A PLAN! When I first started out he taught me about gaps, R ratios, position sizing, and stop losses. I literally wasn't using stops when I first spoke with him. He also turned me onto quite a few different strats such as ORB, 3BP, Triangles, Fades, Breakdowns ect. + +u/zimmertrading \- Options, equities, long term strategies. This guy is young, like 20! But he has his shit together and his level of knowledge of the overall market far surpasses what I am willing to learn right now. He is a statistical based trader as we all should be. Friendly and open to chat, and posts weekly videos about market sentiment. I credit him for driving me to look deeper into ITM/OTM/ATM options, market structure, and since we tested a strategy together, about discipline. It is crazy how two people can have the same exact trading plan laid out for them but different results. It goes to show how important execution and trade management can be. + +u/esInvests \- This guy is also very kind and open to discussing questions, he has made it clear he is here to help. I have asked him a question, and he responded in about 10 minutes with a 5 min video going over my question. He trades options mostly, running modified wheels. His videos have taught me a ton, and they are quick and easy on YT. + +u/UncleRyan79 \- Equity trader, has changed my trading life giving out free material on reddit and his twitter almost daily. He is a really nice guy, who is happy to answer questions. If you check out his page and go through the posts in order, he has a few strategies that have clicked for me. I've surely benefited. + +None of these guys have asked me for anything, and they have all been super helpful in the last 6-7 months. People wanting to help on reddit catch a lot of shit at first, people do not trust them assuming there is an agenda, MODs block them for whatever reason, and people argue with them because their strategies don't match their own. At the end of the day, everyone trades differently. It is based on personality, on how much you can handle risk wise, and how you control emotions, so no two traders are going to be alike. Not everyone is willing to share their p/l, so you got to have a nose for who is taking you for a ride. I've learned different core concepts from each of these guys so even if they were shitty traders, those lessons have helped me become more. + +I can vouch for these 4 if you are looking for no BS content. As always google questions first before approaching them, and also check out their page content before you start asking questions. I'm sure they get a lot of the same ones. I'm also sure there are other helpful folks, but these are the guys that I've come across in my experience on Reddit. Good luck! + +&#x200B; + +EDIT I messed up a number in UncleRyan79's name! Oops. +Hi Reddit, + +Just needed somewhere to vent about this cause I'm still a little raw about it and haven't told a lot of my friends. I've recently completely changed my eating habits to a low-carb diet. Nothing as crazy as keto, but with my PCOS, I've found it's the only diet that works for me to lose weight and manage my symptoms. + +Unfortunately, it's also doubled my grocery bill. + +I meal prep, shop sales, and cut costs anywhere and everywhere I can, but it's still tough to eat healthy on a shoestring budget. Carbs are cheap, and protein sources are freaking expensive. + +I clear between $1600-$2,200 a month before taxes in self-employed income. You can imagine how much ends up going to taxes. More than half goes to rent (thx California) and most of the rest goes to bills (auto insurance, utilities, internet, student loans). I've also got a fair amount on a new credit card (from recent moving expenses and car repairs) that I'm trying to pay down before the interest kicks in in November, and realized I couldn't do that and continue my diet at the same time. + +So, I bit the bullet and applied for CalFresh. ~~Waiting on the case to process atm.~~ I got denied, but I'm going to try again in one of my slower months. + +It took a lot to swallow my pride and admit that I was living beyond my means, even though I felt like I was being as frugal as humanly possible. I cook at home, don't drink or smoke, don't go to bars/clubs, and shop at thrift stores for my clothes. I can still barely save anything by the end of the month. + +I guess what I'm trying to say is this: there's no shame in asking for help to eat healthy. There's a reason it's called the Supplemental Nutrition Assistance Program. It's tough to get the nutrition you need if you can barely afford food in the first place. Plus, by eating healthy, you can save on medical expenses down the line--barring chronic/genetic illness. + +TL;DR: If the government is taking 30% of my income, it may as well feed me. + +Edit: Wow, holy shit this blew up. Thanks for all the support, everyone! + +Edit #2: Fuck. I got denied. FML. Looks like 2k gross is too high? Either way, I'm open to suggestions! +Many people do not understand that fiat do not hold any value anymore. It always go down. Always. And now it happen much more than most of us ever experienced in our lives. In recent times inflation is highest since decades and it is just the beginning. + +Before covid, few years ago it was rational to hold fiat and not be all in crypto. With inflation 1.5% or 2% yearly it was still rational decision to diversify and save some money. But it was before 2019 and is not actual info anymore. It was before covid, before huge inflation and printing of few trillions $. Over $4 trillion printed in just 2020. + +Current USA inflation is 6,8% and it is highest number since 1982 + +Current inflation in Venezuela is around 2700%, your money are literally worth less than paper they are printed on + +Current inflation in Argentina: 52%, you would lose half of your savings in just one year + +Current inflation Germany is almost 6% and is highest since 1992 + +Current inflation in France: 3% highest in 10 years + +Current inflation in Lebanon 174% + +People that hold large amount of fiat are simmilar to patients that don't want medical treatment cause it can possibly make their condition worse. But they don't understand they will never be healthy without treatment. They need to risk to save themselves or in long term they will lose everything anyway. + +Holding fiat is really dangerous. I do not tell invest all in crypto, but at least buy things that hold value ( furnitures, land, gold & silver), invest in stocks or at least spend those money on things you enjoy: like travels, when they still are worth more than toilet paper. Saving fiat is worst thing anyone can do. Have small emergency fund, but remember richest people do not hold much fiat. They know it mean losing money. All their money are invested into some assets to increase in value not decrease. + +Crypto unlike fiat at least give you chance to have profits. Crypto can possibly go down, but I will trust all my money BTC or other good project much more than I would ever trust them USD or any other fiat. Cause crypto can also go up a lot. And chances for crypto going up are actually very big if you chose solid projects. Fiat will never go up, only down. Your fiat become worthless in few years anyway, chose wisely how you want to prevent it. + +Tl;dr Literally everything is safer than holding Fiat. +I’ve read about setting up a Vanguard account for your toddler or baby, then allowing compound interest to grow until they are 18 years old. This teaches the value of compound interest, which is a valuable lesson in itself. Most of these suggestions come from the US, anybody know how to go about it in Australia? + +I’d like an account that won’t mean tax returns for my child, or complications with the ato for myself also. I’m planning to invest around $10k and then add each month a smaller amount. Something like spaceship etf/app would be easy. I’d like to ensure that the funds couldn’t be drained by myself or the other parent in “emergencies “. Any advice welcome. +Details: I started a role in a large fortune 500 firm making $68,000 just one year out of undergrad. My current manager has mentioned "I didn't make what you're making until I was 35 years old" on several occasions. He continually mentions this and it has created an uncomfortable work environment, but nothing I'd ever mention to HR. My manager tends to make fun at people's abilities and undermines their decision making continually. I've recently slowed down my contributions to the team because anytime I speak up with an idea, it's immediately shot down. Most of the work has slowed down and others have also stopped contributing. We're a large company, I have a wide variety of skills, so I'm not worried about the ability to move to a different role. I was just offered a large increase in pay to go to another company. + +The jobs are much different. The job I'm being offered is $80,000 vs the $68,000 I make today, I will get 15 days off instead of 21 a year, the bonus is 6% of salary vs the 3% of salary I make today. I am fearful of the work life balance and if I'll be able to handle the work load. The new company also offered me $5,000 as a signing bonus but "could work on that if I needed a little more convincing". My biggest fear is that my current employer knows the company/manager that has interviewed me and vice versa. They were former partners in a business exchange. I'm fearful of the effect this could have on my career and if it will tarnish my reputation (only 8 months in at my current role). The new company is also quite a bit smaller (less than 100 employees) vs my current company (20k +). They make much less money a year than my current company, so this has me a bit scared for my position. The new company also said I will have 5 reports to me, some consisting of Harvard graduates and other Ivy league programs. This is the most exciting part to me. I've only led a small team once before, and I'm only 2 years out of college, but have really made a name for myself in my field. Any advice is helpful! + +My question is this; which things should I also be considering? + +note: both jobs are the same distance from my home and I will owe back relocation expenses to current company ($3000-$4,000). + +My other fear is that I've had 3 positions in just 2 years after graduating. +5 months at one, 10 at another, and 10 months here. + +Another edit: New company gave me a start date of early Jan, no negotiation here. It's for good reason in my opinion. To get me acclimated before my new hires come in at May. + +Thank you in advance! + +Edit: Wow so I guess my boss really sucks. Thank you all for the great advice. I’ve kind of just put up with the behavior as normal. The $68,000 he made at 35 would be equivalent to $96,000 in today’s dollars. He clearly doesn’t understand inflation. Either way, you guys are right about ageism. He clearly thinks in terms of age and not basic economic principles. +Hey, + +There is a lot of this poping up around the place the last few hours + +[https://au.trustpilot.com/review/www.shudder.com](https://au.trustpilot.com/review/www.shudder.com) + +people saying that they are having a relatively small amount of money taken out by a company called shudder. +I saw someone mention the other day that rent might be kept low by limiting the number of properties a person can own. The reasoning being that landlords can no longer gobble up all the properties and jack the rent way up. I'm curious if any countries or cities do this already. + +Also, would this be a good idea in general? Would it have a positive economic impact? What would be the pros/cons? +I am a half Faroese and Half Icelandic individual who has just been informed about the outrageous prices of electricity in Faroe Islands from my relative who just visited me in Iceland. I understand why it is so expensive (Ukraine war... I think) and asked him why he doesn't consider making his own power (common in the country side of Iceland that people make their own electricity). + +&#x200B; + +His answer, if I understood correctly, is that it's apparently illegal to generate your own energy in Faroe islands. + +I feel ashamed for not knowing if this is correct or incorrect, as it's my birthplace, but it just sounds so wrong. + +&#x200B; + +Is there a valid economic reason for banning private clean(as in wind/water) energy generation in Faroe Islands? + +&#x200B; + +Only thing I can think of is greed, which I really don't want to be true. +In other words, what are the prospects of gold? Is it possible to see the rise of gold as a store of value or possibly a return to gold as a backing to currency in our life time? How does the blooming American deficit and debt factor into this? +I understand that a good government will institute policies of stimulus spending and develop a budget deficit, and that this isn't really a problem unless it the debt/GDP ratio goes off the wall, but isn't having a persistent debt, at best, a drain on the economy? If you have a persistent debt, even if its not destroying the economy or anything, isn't a nation wasting money servicing a debt that could be better spent elsewhere? Wouldn't it at least be ideal to try and have a small of a debt as possible? +Just saw that mentioned in news articles without any explanation, couldn't find any info on it. + +Here's an example: https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcQIFmPW6OC1fVXVIzjkWPwDqU3DeAs4QzmIxsN6uZlhO_DqxB1u + +As far as I know, the standart model that would lead to a Laffer curve states that dY/dθ=-aY, Y being taxable income, θ tax rates and a a constant. + +Now, since tax revenue is just θY, you can easily maximise that and find that top point on that graph, but for that other point maybe a more complex model would be needed? + +To maximise both Y or any of its derivatives, Y would have to be 0, since, according to that model, all taxes higher than 0 slow down economic growth. + +What would be a way to consider the positive effects of Government's use of taxes (at least for low tax rates) in total income such that that point is justified? + +Edit: For that to be an inflection point, considering only that initial equation, θ=2/a. What's weird about that is that the critical point is given by θ=1/a +Since a very large amount of food is wasted each year, I recently wondered: What if a law in which companies had to give food that they don’t plan on selling to some kind of organisation that would help feed the poor was enacted, assuming the government or charity organisation obtaining it covered travel costs? Would this help alleviate world hunger without costing a fortune? If not, could any modifications be made to make the law more viable while retaining the basic idea? +So I understand that there can be many causes to inflation. It’s not all just ‘too much money’. But what I want to know is once high inflation starts affecting more and more people, how can we reduce it to give buying power back to more people? Is it production levels? Is it different access to more markets? What? +So it's not a secret that generally, labor cost is higher in developed countries and lower in developing countries. That means that those developing countries trade their labor with developed countries. + +But my question is, what do developed countries trade in exchange? What do developing countries import from developed countries? + +I have a hard time understanding, in international trade, what exactly are the things developed countries sell to developing countries. Would it be expertise, craftsmanship, education, high tech items, intellectual property? +To preface, this question is a **very** self centered one. + +I recently got out of college, and found myself in a job that pays rather well, but am struggling to save enough money to buy a home or put money away into a retirement account. Seeing home prices just continuing to skyrocket as I get further and further away from ever owning a home, my mind wandered to the possibility of a massive market crash, and what that would mean to me and others who have no vested assets in the economy. + +What are the negative effects of a massive market crash that leads to deflation, cost of goods plummeting, or housing costs plummeting for people like me? + +EDIT: Fixing my spelling and grammar errors +I may be wrong but I think that M1 is a bit off. So in May 2020 the Federal Reserve changed the way it calculated M1 to include savings (including MDMA's). Prior to that M1 consisted of currency in circulation, demand deposits, travelers check, and other checkable deposits and savings was a part of M2. The change appears to have artificially inflated M1 because it doesn't look like savings was back dated prior to the date of its inclusion into M1. When comparing the year-over-over change of M1 and M2 change is obvious. As the year-over-year change in M1 surged above 300%, while M2 only increased above 32%. Keep in mind, M2 includes all of M1 plus time deposits and money market funds. When you view the historical correlation this divergence is unprecedented. + +Am I wrong to think the data is a bit off? + +&#x200B; + +[https://fred.stlouisfed.org/graph/fredgraph.png?g=JUgc](https://fred.stlouisfed.org/graph/fredgraph.png?g=JUgc) +I've always heard my friend economist saying that a healthy economy must have inflation. + +I've always interpreted this as inflation being a consequence of a healthy economy but now I'm starting to think that without government printing money you cannot have inflation. + +My logic is: If you have 5 coins that represent your entire economy but your economy grows, then those 5 coins should be worth more and not less. + +Is inflation basically a way of the government to tell you: "Don't hoard your money because we will be stealing it from you at a rate such that it always loses value"? +So I know all the problems with tracking real wages but here is my concern. US GDP per capita in 1960 was $3,000. In 2019 it was $65,000. That would imply our economy has grown by 22x in those 59 years for every person. + +When adjusted to real wages, many stats show that it’s remained quite the same over that time. Now with all the problems added, we can maybe assume it hasn’t stayed the same, it’s probably doubled. + +How does that make sense? How has the economy grown so much for the average person and yet wages have not? In 60 years wages doubled but GDP per capita increased 22x? We know inequality can’t explain that since it’s definitely not changed at those levels. So what am I missing here? +I constantly hear about how free trade is beneficial because, despite some people losing their jobs, everyone benefits from cheaper goods. + +How come I don't hear the same positive things about states competing for business? If one state offers lower taxes shouldn't the business theoretically be able to offer cheaper goods/services to everyone? +I recently discovered this [Marginal revolution article](https://marginalrevolution.com/marginalrevolution/2016/08/laissez-faire-in-tokyo.html) showing that housing prices haven't increased due to a laissez-faire policy on housing. They cite [this FT article](https://archive.is/pVrex). + +Is this a one-size-fits-all policy, or can this only be used in Tokyo? Thanks! +[Email from SVP @ Google regarding Bitcoin](http://i.imgur.com/zYkPrZa.jpg?1) + +So on a whim, I sent an e-mail to Vic Gundotra (Senior Vice President, Social for Google) about Bitcoin, why it's the most disruptive technology since the Internet itself, and how I'm not the only one out there wondering when/if they have plans to incorporate it into Google Wallet. + +He immediately responded and said they are "paying attention", and CC'd the gentleman who runs Google Wallet - Sridhar Ramaswamy (SVP, Ads & Commerce at Google). + +I've entered into a dialogue with him. + +This is my take away on why Google kicks ass : + +A) One of the bosses actually responded to email from an absolute nobody about Bitcoin + +B) Google is paying attention to Bitcoin (he would never have responded or said those words if Google is +positioning themselves to be "Anti BTC" (or even try to create a product to rival BTC) + +C) He put me in touch with the man who runs the Google Wallet division. + +So, what do I say to Sridhar? Any suggestions? + +Before some of the Anti BTC Brigade chime in with "so what?, he's just one dude" - please think about this. If Google had NO plans in regards to Bitcoin, this guy would be smart enough not to respond to such an email, in the manner he responded, and CC the person who runs the Google Wallet division. + +If you ask me, the writing is on the wall(et) (pun intended).. and this was a really pleasant surprise. + + +Update: [Screenshot of Email I sent (personal information blacked out)](http://i.imgur.com/LvO08Jr.jpg?1) + +Update 2: [Google CONFIRMS they are incorporating Bitcoin](http://i.imgur.com/JPGI6lL.jpg?1) + +Update 3: **UPDATE: Ariel Bardin, Vice President of Payments @ Google has asked me to facilitate a Google Moderator and pose the question "What would I want Google to do with bitcoin?". He's promised me he will personally review the results and pass it along to the team working on incorporating BTC into Google. Please help me with this and take the time to submit something: [What would I want Google to do with bitcoin?](https://www.google.com/moderator/#16/e=20e106)** +https://www.cnbc.com/2020/11/18/lowes-low-reports-q3-2020-earnings.html + +Earnings per share: $1.98, adjusted, vs. $1.99 expected + +Revenue: $22.31 billion vs. $21.25 billion expected + +Same-store sales, which track sales online and at Lowe’s stores open for at least 12 months, surged 30.1%, topping estimates for 22.8% growth. + +The stock is down 7%. Investors should buy this dip and hold the stock for long term. Lowe's is getting better and more competitive. +https://www.cnbc.com/2020/11/18/lowes-low-reports-q3-2020-earnings.html + +Earnings per share: $1.98, adjusted, vs. $1.99 expected + +Revenue: $22.31 billion vs. $21.25 billion expected + +Same-store sales, which track sales online and at Lowe’s stores open for at least 12 months, surged 30.1%, topping estimates for 22.8% growth. + +The stock is down 7%. Investors should buy this dip and hold the stock for long term. Lowe's is getting better and more competitive. +does the attention that $UWMC has gotten from WSB put anyone else off from buying the stock along with the uncertainty of the housing market keeping up the pace. Thoughts? +See title. + +MAIN EDIT: PER CS ALL CS SHARES ARE BOOK SHARES. IT SEEMS THEY HAVE AN INTERNAL SYSTEM THAT IS "LIKE" STREET SHARES SO THEY CAN SPLIT INTO FRACTIONS. HOWEVER THEY ARE IN YOUR NAME STILL. THIS MEANS YOU CAN GET FRACTIONAL DIVS. REST EASY APES. + +See the page one in the plan. +https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78 + + +THANKS, u/fewdea https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf + +Plan shares are labeled SP1 and get dividend reinvestment + +"Book" shares are labeled CA1 and get cash. + +That's all. + +All cancelling div reinvestment does is sell your partials And you pay $25 to not HODL. + +CALL CS. ALL SHARES ARE TECHNICALLY BOOK SHARES. + +STOP THE INSANITY + +Quick edit. See pages 8-9 of the DirectStock plan. + +Why would you risk selling for a benefit that you don't even know if it exists? + +For what it's worth I've asked every single time I've called if "plan" shares are technically book shares. Go call them and ask. + +What I did just in case was I left 1.2x shares in my DirectStock plan and I called and called and called until I got a helpful person to transfer some whole shares to "CA1 Book" designation. + +You should not even have to turn off cash to do this. + +Edit#2. Please see https://www.reddit.com/r/Superstonk/comments/png106/you_can_keep_your_fractional_shares_after_buying/hctqkkh?utm_medium=android_app&utm_source=share&context=3 + +Comment from u/jerks_and_lesbians And also comments from u/Staarlord and u/TheWheyThisIs + +Edit#3. Obligatory 🐋🦷🕓M and a hotdog is a sandwich. + +Just for the record I am NOT anti DRS. If you like it then awesome!! There is a way to do it without potentially selling shares and that is what I'm advocating for me personally. +I live in the States and am interested in purchasing property in Puerto Rico. I can't seem to find answers online, hoping this sub can help. + +Is financing a thing? If so, are conventional 20% down terms the norm? This would be a second home. Is an all cash purchase the way to go? + +Thanks in advance! + +Update: Thanks for all the replies. Obviously I'll be getting in touch with a lender in PR before i make any moves, I was just hoping to get a feel from this community while I was on a crazy long flight and perusing Reddit for hours. And that was a success (thanks again!). Gotta love people who take time out of their day to state the obvious. +The claims were for 50k in damage each time, I know one of them was caused by a furnace that has been replaced but I'm still investigating the other. Would you run quickly the other way or is it worth negotiating? + +The price is 350k and occupied bringing in $2600 (about $1000 under market). +We have seen Austin and Nashville and Denver, and now Dallas and Phoenix is growing significantly as well. Which cities do you predict will be next in the next 5-10 years? I like San Antonio, and maybe Tulsa? +I currently have a single LLC (with just me as the owner)- we will call it KM LLC. + +I bought 5 more rentals (I own 2 already) and I was advised to open 7 LLC’s and put each rental under its own LLC and have each of those owned by KM LLC. So I would end up with KM as the parent LLC and the 7 new ones would be child LLCs. + + +To those who have this as their current business structure: +Has this complicated things for you? +Made it better? +How did you actually specify the parent LLC as the owner? On the articles of organization it just asks for Registered Agent and I don’t think I can just put “KM LLC” there. + +I live in Michigan but interested to hear from you even if you’re not in my state. + +Thank you +I did some flips this year and I worked with some contractors for roofing, plumbing, electrical and hvac. Most of them I paid cash or check (over 10k each) and have Invoices for the job they did. +Do I have to send them 1099 for the tax season? +I don't have their fein or social security number and from what I researched online, IRS requires 1099 sent to contractors that I paid more than $600 cash. +I'm pretty sure a lot of you here have dealt with this and are lot more experienced than me so I would appreciate any help. +Thanks +I’ve just turned 21, and I’m tired of working my 9-5 job and need something more stable than my side hustle in the stock market. I live in a Mobile Home in Colorado and recently, the landlord sent us a letter stating that he was going to sell the property but we have 90 days to make an offer if we want to buy it. Other tenants are interested on working with an affordable housing company that is non-profit to help us buy the land. But this is my opportunity to get in real estate and buy it as my own company. I noticed that the old landlord had the property in a Trust Deed. Is there anyway I could do the same? + +The property is valued at 3-4M, there are 50 Lots, and the rent is currently $715 (before he purchased the land. In 2016 the rent was $380). There’s some work that needs to be done around but mostly the residents are 55+. So steady and reliable rent. + +If you could post any tips or advise. Please let me know. I know that I can ask my county to help me purchase as well. + +P.S he is selling a second property which is a house with a horse farm, next to the mobile home park that is valued at $750k which I was thinking of selling to bring down the loan/mortgage. Or it might be better to keep renting it out (current occupants are paying 3.5k-3-7k/mo.) + +Thanks! +Hi guys, + +Im working part-time at a club and earn the minimum wage rate. + +Management has this policy of a “cut off period” which is 30min after closing(3am), meaning that we are not paid beyond 3.30am + +This happens despite us having worked til 3.45am and sometimes beyond 4am. + +I am wondering if this is common practice? + +Thanks in advance.. +*Thanks for the feedback everyone! Updated to be an easier read as well as supply additional info from some awesome commenters!* + +\*\*US ONLY\*\* : not sure what’s available in other country’s. If the infos supplied by a commenter who may know, I’ll be happy to add it. :) + +**Added Canada thank you** u/xxHEYxx + +So I run across this a lot. Young or old, it doesn’t matter. YOU ARE ENTITLED BY LAW TO GET A FREE CREDIT REPORT ONCE A YEAR. This does \*\*NOT\*\* effect your credit. **As of right now these reports are free weekly due to Covid-19, until April/2021** + +I know a lot of people wonder what their credit is or get sad when they get declined for things and don’t know what to do. + +A great first step is to get a detailed credit report. You can get 1 a year from each of the credit reporting agencies. Great if you're trying to build your credit and may not know what is on your history. Of course it's good for everyone to check their credit report once a year just to be safe, or if you suspect something fishy happening with your credit. Remember credit goes down a lot easier than it goes up. + +Here's the link I use to get it, this is the same one that's been used for years. If you feel more comfortable, their is a dot.gov link provided below courtesy of, u/Immediate-Nobody. + +[https://www.annualcreditreport.com/index.action](https://www.annualcreditreport.com/index.action) + +This is a credit report, it does not show your credit score. It will however show a detailed report of every account effecting your credit including ones in collections. From my recollection it even provided phone numbers for the agencies I owed to. + +Hope this helps any people. I know credit can be confusing and frustrating. If anyone has any credit questions I’ll try to answer them. Have a good one everyone! + +*edit* thanks u/Immediate-Nobody : added to the info. + +Due to COVID, they're offering free credit reports weekly, until April/2021. I'm not sure if it's the full report, but I can't imagine why it wouldn't be. + +Edit: If you don't like OPs link you can use [https://www.consumer.ftc.gov/](https://www.consumer.ftc.gov/) , and just click "Get your free credit report." + +**Canada:** + +[Gov. of Canada website](https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/order-credit-report.html) + +[CBC Article](https://www.cbc.ca/news/canada/how-to-check-your-credit-report-1.1185975#:~:text=You%20can%20ask%20for%20a,should%20check%20with%20both%20bureaus.&text=If%20you%20can't%20wait,an%20instant%20credit%20report%20online) + +&#x200B; + +Some additional notes, info and tips : + +Get Credit Karma or something equivalent. It doesn't provide FICO but it has plenty of info worth using. I find it to be pretty on the money for me personally. Pretty much a must have. + +If you are trying to rebuild credit a good start is to pull these reports. Pay down anything you can afford to and remember, it's always worth trying to negotiate a lower payoff. + +Second, get a secured credit card. This is a credit card given in collateral for an up front deposit. My first one was $300. Sometimes they are refundable after responsible payments for a year, sometimes they aren't. ALWAYS check card terms. It sucks but if you have bad credit even if it's due to medical or something out of your control, it's a little harder to get started. You have to start somewhere though. + +Just because you have a decent score does not mean you all of a sudden will get approved for everything. You still need an established history. Don’t think you need a second credit line? Think again. + +All debt effects your credit, if your grandma said, medical doesn’t do anything blah blah. Yah maybe 80 years ago. Medical, school, any debt will destroy your credit. Figure it out before that happens. + +&#x200B; + +I don't have time to right now but a few commenters stated if you check the Experian, Equifax or TransUnions website's you may be able to get a credit score for free. I don't know the terms or even if all 3 do it. Got a baby crying, I'll try to add more later. Thanks everyone for all the feedback and I'm glad and hope this helps people. +I'm going to try to keep this short, but concise. Fore and short, all the DD is correct, the market is rigged, more synthetics exist than shares available, and hedgies r fuk. + +&#x200B; + +Okay, LFG!. Self-reported short interest for 9/15/2022 is out, and self-reported short interest is 49.5M shares of GME. + +&#x200B; + +[Self-reported short interest from Fintel](https://preview.redd.it/1e9l2ph1ieq91.png?width=940&format=png&auto=webp&s=003173a4abc855bd26df7f518da0324469982d44) + +Based on [Computershared.net](https://Computershared.net) information, we can deduct the following regarding the amount of shares outstanding, the float, DRS'd, and shorted. + +&#x200B; + +[Calculations from Computershared.net](https://preview.redd.it/3i46i2p8ieq91.png?width=320&format=png&auto=webp&s=62d9fa09977008009805b31ce3f97bfddec085de) + +However, there are a lot of January 20, 2023 deep out-of-the-money puts totaling 458,615 contracts, which equate to 45,861,500 shares. + +&#x200B; + +[January 20, 2023 GME puts](https://preview.redd.it/9xcbp5aiieq91.png?width=826&format=png&auto=webp&s=d596520373cccf16f152f3b44b07c3cfa4a5de8e) + +Adding that to calculations from computershared we get: + +&#x200B; + +https://preview.redd.it/jn3av7hqieq91.png?width=318&format=png&auto=webp&s=bc43b41aa66e4269cc6b3bc9480bfa2cf904a21d + +That means there are at least 23.9M synthetic shares that have been generated. I say generated, but not created. The reason they haven't been created is that Market Makers have yet to go out and create these, but they have, at least, guaranteed them in the case of someone exercising those puts. However, that amount of shares does not exist. So if there are only 71.45M shares remaining after DRS'd shares, 49.5M shorts, and 45.8M DOOPMs, that leave a net negative 23.9M shares which would have to be synthetically generated by market makers and SHFs. + +Remember DOOMPs are purchased to cover a guarantee from SHFs and Market Makers to say "I owe you 100 shares, and I don't have them now, but I have this put contract which gives me the right to those shares, so I got you covered." But the truth is that they are not truly covered. It is a loophole, which is used to satisfy obligations, and those obligations have created a net short position of 23.9M that do not exist. + +&#x200B; + +TLDR: At least 23.9M synthetic shares have been generated (not yet created), SHFs are fuk, we are winning, DRS is the way, and Operation Liquidate Wall Street is a go. +I’m currently 19, looking to get into cryptocurrency. I’ve always been aware of it as I have numerous friends who have been very into this kind of stuff but I never really payed much attention to it, couple years later and I’m starting to feel like I’ve missed out significantly. Is it too late for me to get interested in crypto or should I just look for something else? +I regularly see people on here making $300k, 400k, 600k, 1m+ per year. And there are a lot of you! What in the world do you all do? And how in the world did you get into such high income positions? + +As a background, I am an early 20s PhD student at a high-powered research program in the bay area. The program (science/tech) I am in is easily the top 5 in the world for our field. Yet the outlook for PhD students and postdocs job-wise after leaving our department is nowhere near the numbers i see reported here, maybe at max $200k (if you are very, very, ultra-super duper lucky, hardworking, and smart). I mean the highest i have heard is a guy who went to a high-up position at Google’s research division (after getting some stunning results on a project) and he gets paid like 250-300k. After my PhD (if I finish it) I’ll be positioned to be a data scientist or machine learning engineer if I want, but most of those positions top out at far less than I see reported here for salaries... so I am wondering why I would finish a PhD in a very rigorous program (basically 4 more years having no life and no money) just to go into an area where, even if I was super smart, hard working, and exceptionally lucky, I wouldn’t be earning as much as other people seem to make with [seemingly!!] far less effort. So again my question is, what do you all do? And how do I earn as much as you do? Do you have any actionable advice for a young man in tech looking to maximize his earning potential? + +much love and thanks + +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about : https://t.me/xxxnifty_official + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team +With lots of experience and all doxxed + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 300 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$40 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +Our culture tells everyone to buy a home. + +Pretty tame in comparison to cultures that cut peoples heads off. + +Still, I think buying a home (to live in personally) is the worst financial decision a person can make. + +There are advantages: you have much more freedom to do what you like with your house vs a rental, but this comes at a cost. I want to show you the costs. + +This is a monster of a post, so if you don't have time, read a section or two and come back later, or sit down when you have 30 minutes to avoid the worst financial decision of your life. + +If you don’t like finance, skip to the "Flexibility" section, and just take my word: the finances will kick your butt. Also, learn to like finance, because being poor isn't awesome. + +Finances + +The best way to understand an long-term real estate investment is through the cash flows. +If you invest in Google (2001) or Apple (2006), then you can imagine the company miiiiight double next year, but your house won’t. + +When you buy a house, you have an initial cash-flow of 20% for a down payment. This is cash that cannot be invested in other things, and most importantly: isn’t in cash. + +I’m going to use Chicago numbers for homes: They’re more stable (midwest real estate is more cash-flow focused vs speculative pricing swings, think Phoenix or Las Vegas) and they still have high prices (Sears Tower/Loop). + +According to Zillow.com, the median home price: $239,000 for the neighborhood of Norridge Park, a middle class town near Chicago proper, with a comparable 3 bedroom single family home renting for $1995.00/month + +Let’s talk about OWNING. + +Down payment is the first large cash outflow. + +You put 20% of the total value down and sign up to have someone else pay the rest of the 80%. + +You buy a home in Chicago, and you’re going to be paying $47,800 to just get your name on it. + +After that, you’ll have an annual property tax bill of 1.84% (Chi standard) - $4397.60. + +Remember, when your property tax is 1.84% of home value, as your property increases in value, so does your property tax. Also, the rate has gone up 50% in the last 5 years. + +The typical maintenance rate is 2%. You should save 2% value of the house per year to pay for (roof, HVAC, plumbing, driveway, gutters, drywall, foundation and a whole lot more). If the house is older, put double that, but let's be conservative. + +If you don't actually spend the money, you should allocate the money in case next month your roof starts leaking or your basement floods. + +By the way, you better be sure that the insurance is going to pay out (you understand and bought the right kind...right?), if not, you're on the hook for whole kit-n-caboodle. + +Average Illinois Homeowners insurance: $847 per year + +Closing costs, including bank fees, prepaid interest, escrow fees: $6,519 + +Edit: I forgot to include title insurance, which is $200-$1000, so I'm not going to recalculate everything, but notice that it's actually worse against owning. And if you don't get title insurance, you might not actually own the property you just spent 3 months and thousands of dollars trying to buy. + +[Year One Cash-flows - Owning](http://i.imgur.com/lrrnG7y.png) + +So year one, owning the house, cash flows come out to $92,700.89 of total cash leaving YOUR POCKET. + +[Year One Cash-flows - Renting](http://i.imgur.com/3xWTsLo.png) + +Renting the exact same house would cost $24,000 per year, plus a $2000 security deposit, and $100 renter's insurance. + +Year one renting: $26,100 out the door. + +Year one owning: $92,700 out the door. + +Renting would leave $66,600 in your bank account because you didn't own. + +I'm not even going to consider the opportunity cost of what else you could invest that in here. + +[Year Two Cash-flows - Owning](http://i.imgur.com/bUHR4fJ.png) + +Let's look at year two. + +If you're quick on your feet you noticed the principal went up and interest went down. + +They don't equal each other until about 15 years in. If you plan on moving in less than a decade, the huge majority of what you're paying is interest ("Renting is just throwing money away!" lol). + +And remember, that principal you're paying can only be recovered if the property remains, or grows in value. + +If the property decreases in value that equity turns to smoke. #2009 + +Year two comes around, and things get closer: Owning has the edge by about $540, assuming a 2% increase in rent. + +[Year Two Cash-flows - Renting](http://i.imgur.com/5oY2LHl.png) + +No brainer right? Sure you take a hit on the first year, but the trend changes direction! + +Wrong. + +The payments are (barely) smaller, but you constantly have to worry about price swings of the underlying property (and if the price of your property goes up, so do property taxes). + +What happens if you bought a condo in Vegas in 2006? + +Your payments sure were lower! + +And now you’re underwater a quarter mil. + +When you rent, you’re paying $540 per year for the privilege of not-caring-at-all about what happens to the market price of whatever real estate asset you live in. + +Are you a professional real estate investor? + +Then you might havea good understanding of where the market is going and competing with them is a good idea. + +When you buy a house, you’re competing with thousands of real estate investors, hedge fund managers, and REITs. + +Do you think you’ve got a leg up on them? + +If your day job is not ‘professionally investing in real estate’, I’d think twice about stepping into the ring against billionaires. + +Do you really think you’re going to beat the market when you casually invest because you ‘totally can see your kids playing in the yard!” + +"Buying a house because you need a place to live is like buying a restaurant because you need something to eat." - Jack Sheppard + +There was a real estate development at the university I went to, that was built on a former Westinghouse factory. + +Westinghouse had polluted the land, so to make the development break even, they had to double the amount of units, making it 6 stories tall instead of 3 like they planned. + +When you buy a house, you're putting yourself in a position where you could be held responsible for the pollution someone who owned the land before you. + +Hopefully, they didn't have any roofing shingles underground, or live near a dry cleaner who was sloppy and polluted the ground. (Here's an EPA fine, without cleanup costs for $208,000) + +"My land can't be worth nothing!" - Guy who didn't know how expensive environmental cleanup and EPA fines are and is now broke. + +Here’s where we stand: 92g out the door on day 1, with zero promise you’ll get it back from increasing prices in housing (the prices always go up…until they don’t) and the potential to lose a ton of money (#Underwater), and a rare chance to be a huge negative: for the life of me, I can’t see owning being a good financial move. + +Owning: 0 Renting: 1 + +**Flexibility** + +Did you find out you moved next to a drug dealer or a fraternity after you moved in? + +Are houses selling right now, or is it 2009? + +Put your house on the market, watch it sit for 9 months, and then take a low-ball offer because you’re sick of living there and just want to get out. + +Sorry if you just lost six years of savings… + +Are you renting? + +Pack your stuff and leave the next day, then sublet it on craigslist ASAP. Put it at 80% of the rent you’re paying and it’ll be subleased overnight. + +You’ll take a small financial hit: that’s your Idiot Tax, lesson learned. + +Within 3 days you don’t live next to a drug dealer, and you pay for that mistake for a hundred bucks a month until the lease ends. + +What if instead of a crappy neighbor, you decide: let’s move to Barcelona! + +Do the Drug-Dealer Shuffle™, and you can be on the plane before the weekend. + +But what if? + +At my last job, a guy with three girls under 18 months (oof) was moving to a new city to open an office and was selling his house. + +Because money was so tight (commissioned salesman, with no sales), he didn't get the cheap insurance in case some appliance broke between the buyer accepting and the actual closing, it'd be covered. + +The week before closing, and three weeks before he left for a new city, the water softener ($1500) and A/C ($800) both crapped out, and he was on the hook. + +This is what owning a house does. + +You're on the hook for everything. + +I rent: the only thing I'm on the hook for is a new toaster. + +Luckily I'm a man with means (lol). + +Flexibility: no brainer. + +Owning: 0 Renting: 2 + +**Day-to-Day** + +Oh boy, finance wasn’t close. + +Flexibility wasn't close either: are you more flexible having a ton of cash in the bank, or a property you have to manage? + +Let’s see how day-to-day life changes if you rent or own. + +Renting: + +When you rent an apartment or house, like I do, I have a full-time, 24/7 on-call maintenance staff. + +They shovel my sidewalks, mow the lawn, do the landscaping, fix my toilet, drain my bathtub when it won’t, fix my dryer and seriously anything I need besides vacuuming my apartment. + +“I went to the Home Depot yesterday, which was unnecessary; I need to go to the Apartment Depot. It's just a bunch of guys standing in an empty building going "Hey, we ain't gotta fix shit." - Mitch Hedburg + +I don’t have to fix anything. I hire people to do that for me. + +Owning: + +Congratulations! You’ve just accepted a $0.00/hr job offer for the following positions: + +* Landscaper + +* Plumber + +* Washing Machine Repairman + +* Electrician + +* Snow-Shoveler + +* General Handyman + +If you don’t know how to do any of those, don’t worry, you can pay other people to do your job for you! + +Just remember, you’re on call 24/7 for these jobs. + +Huge freeze coming through? Hope your water pipes don’t burst! + +When I had my office job, every single salesman (only people with houses) had to miss at least one full day of work because of burst pipes over the winter. + +So they were: + +Stopping making money, + +To go spend money on repair parts, + +To work for free. + +Sounds like a sucker’s bet in my book. (The pipes burst in a girl who worked there apartment complex too, and she just drove over the ice and went to work while maintenance cleaned up the mess.) + + +Are you sick of hobbies like relaxation, reading and having sex? + + +Have you tried “Paying to do labor?” + + +PS: I didn't include the financial and storage cost of all of the equipment you need to manage a house like lawnmower, weed whacker, snow-blower, plumbing equipment, carpentry equipment etc. + + +We'll call that a gimme, because I don't know where you're living and how much of Your Job you're willing to pay someone else to do. + + +Owning: 0 Renting: 3 + + +**Conclusion** + + +Does this mean that you can't make money in real estate? + +Abso-lute-ly not. + +Thousands of people make damn good money in real estate. + +But are they hustling and flipping houses, rehabbing apartment complexes, buying REO SFR's in bulk to unload to rehabbers or any other of a 100 ways to make money in real estate. + +They are not buying and living in single family homes for 10 years. + +There's two ways to invest: like a professional or an amateur. + +When you decide to invest as an amateur, don't be surprised when professionals wipe the +floor with you. + +[Originally posted here](http://www.happyfortherestofyourlife.com) +The third flair thread has now expired, so it's time to open up another call for flair. + +> If you are interested in flair, please submit to this thread 3-5 comments you've made that demonstrate a breadth and depth of economic understanding. These can be comments made in r/economics, or other relevant subreddits (such as /r/asksocialscience , /r/academiceconomics , /r/badeconomics, or r/econpapers). You should also submit a ~1 sentence primer on your economics background, so we can contextualize these comments. We'll discuss applications in modmail and will try our best to respond to all the applications. For reference to see what past applications and discussions looked like, here's a link to the [expired flair thread](https://www.reddit.com/r/Economics/comments/3ee3xd/call_for_bureau_member_flair_3/). + +> Two important clarifications: + +> * We want you to demonstrate a background in economics. In other words, not business/political science/finance/sociology. If you have a background in those fields, that's great. We value your contributions to the subreddit. But we want flair to be specifically for people with a strong background in the subreddit's topic area. + + +> * Why we're not going to have a strict definition of acceptable credentials for the flair, we are setting the bar high (only a few dozen of our 232k subscribers have qualified). We are looking for people who are able to demonstrate a knowledge level that's somewhat equivalent to someone with a master's degree. That could mean a PhD student, a BA who has worked as a research analyst, or just someone who has made a heavy study of the field on their own. But we're not looking for someone who has watched a lot of youtube videos, or read all of Paul Krugman's blog. **Again, we are not asking you to submit your credentials, but just state them in your application for context. Your comments should be able to demonstrate your claims.** + +This post will remain as a sticky for a few days for visibility, and then it's back to your regularly scheduled programming. +I'm in my late 40s and work in healthcare part time. I live 1000 miles away from my parents as do my siblings. I'm fatfire thanks to familial wealth. + +I'm a caring person and my mom is not doing well. She is in rehab with multiple health issues. After about 60 more days in rehab it's either home with my dad or assisted living. Being in healthcare I take care of patients so know caregiving. I feel bad that I'm taking care of patients while my mom would not be getting adequate care. + +My late 70s dad is not up to the task alone. And I've brought up assisted living to strong resistance - "we are aging in place". But finding reliable home care is doing to be difficult from what I hear. I'd have to leave my husband and or lives together for long stretches plus quit my job. + +Has anyone done this? Am I crazy for thinking I could handle this? I'm so confused right now.  + +I've thought about fatfiring very soon, but the idea of traveling while my mom is lonely in assisted living doesn't seem right. +I used to love this sub. +There was a variety of information, opinions. +There were market recaps, ideas about dividend investing, growth stocks, technical analysis, etc. +I didn't agree with everything, but that subreddit was flying at a decently professional level. +I am looking at investing steadily over the next decades (and 'not foolishly'), to double or triple my investments to position myself for an early retirement. + +Last weekend I felt like the only thing left to do was to unsubscribe from the sub, because it had lost its identity. +In this society where everyone loves to prostitute themselves for views or likes, did we feel threatened by wsb or jaleous to the point where we had to copy them and be a meme of the meme? +I mean, the icon for the sub has changed three times, from the stonk face, to GME, to Gill's face. What's next? A rocket, a diamond on a rocket? + +I really appreciate what's happening with GME and AMC and sticking it to the HF, but there is a sub for posting Yolo ideas, and hold hold hold Yolo messages : and its wsb. + +Can't we just get back to what we were? +As always, this is not financial advice, just the confused ramblings of a crayon-drunk ape (I found the 64 pack my mum bought me as a wee baby ape, the range of colours tastes amazing but I'm starting to see floating pandas...). + +***As a preface to this post, I am not an Americape, and so therefore may not fully understand US politics. However, here is how I as an Outsider see things playing out*** + +As we all know, GME is not a US-only event, but a worldwide movement. Multiple posts to this subreddit have highlighted the levels of international investment in the super stonk (for instance the numbers coming from Korean Ants, plus Mr Diamantenhände themselves, u/DerGurkenraspler), and looking through the comments there are plenty of Canadian, Swiss, UK, Australian, even Kiwi apes (myself included). But what does all this mean for the US Government. + +Well, what it means is that when the squeeze has squoze, **MONEY WILL BE TRANSFERRED FROM THE US COMPANIES OF SHITADEL, MELVIN ETC AND INTO THE HANDS OF APES AROUND THE WORLD.** + +Now for those of you who are too smooth-brained to comprehend the implications of this, let me spell it out a little bit for you. Shitadel's main headquarters is based in downtown Chicago (as the weekend and late-night light shows posted have illuminated). Now I admit I am probably jumping to a few conclusions here, but that would imply that at least some of Shitadel's money is stored and circulated through the US economy. Furthermore, GME is currently listed on the NYSE and the S&P600, both US entities. This means that for any GME stock to be traded, money must at some point enter, or more importantly for this post, **leave** the US economy. + +But /u/Ae0nwolf, I hear you screech through the pain and pleasure of another delicious banana entering your anal cavity, why would that mean the US Government won't interfere? Surely if the money has to go through the US economy, they would throttle any mooning before it occurs? + +Now just wait, I'm getting to that part. But first, I need to explain a very important and often not talked about factor in this saga: + + + +**THE US NATIONAL DEBT** + +As of writing, the current levels of the US National Debt sit around US$28.35T (that's *TRILLION*, with a T, as per this site https://www.usdebtclock.org/). This equates to roughly 128% of the current GDP of the US of A. What that means is that if the US Government were to stop all spending, and sell every last available asset, service and crayon it had, **IT WOULD STILL NOT BE ENOUGH TO PAY BACK ALL DEBT OWED**. Now my Americapes, no need to fear just yet, this is actually more common than you think. In fact, the majority of the world runs on a series of loans between each other, so no need to start hoarding toilet paper and gasoline in plastic bags just yet. However, if there were to be a sudden drop in the US GDP (say, if a large amount of tendies were to leave the NYSE and US-based SHFs and into the hands of international apes), then the ability of the US Government to pay back this debt dramatically decreases. And as we have already established, the MOASS is a near certainty, which will lead to this exact event from occuring. + +So how does this all factor in to the US Government and their willingness to let this all play out? Well, here's where I'm going to hopefully add a wrinkle or two to your primate frontal lobes. See, the MOASS *will* lead to a large amount of capital leaving the US via the NYSE. And the only way for that money to make it's way back in a large enough amount to rebalance this loss, will be for international apes to ***REINVEST THOSE TENDIES BACK INTO THE NYSE***. Now I know a number of apes have already sworn this will not happen no matter what, due to legendary HOC Parts I-III DD (credit to /u/atobitt for that amazing insight into the way the markets have been manipulated since forever), but in order for what little trust in the US stock market is left to be maintained, there must be **NO DIRECT INTERFERENCE FROM THE US GOVERNMENT IN THE MOASS UNTIL AFTER THE SQUEEZE HAS SQUOZE**. If there were to be *any* fuckery by the US Government on behalf of the SHFs, trust in the US Stock Exchanges will fall to unrecoverable levels, most likely bankrupting the USA and plunging the US Economy into a collapse worse than that of the Great Depression. I mean, even if there is no interference, the level of fuckery by the SHFs in the market as it stands will likely lead to a 2008-esque recession, if not worse, so for things to be even worse than that, I hardly want to imagine. + +So in short, if the US Government were to interfere in the MOASS, trust in the US Stock Exchange will collapse, leading to Great Depression Part 2: Electric Boogaloo. + +TA/DR: US Govt owe many 🍌 +MOASS mean many many 🍌🍌🍌 leave US Economy +US Govt intervention = no more 🍌🍌 given to US +US 😢😢😢 +Therefore no US Govt intervention, or else US ~~🍌~~ 😢😢😢 + +***BUY. HODL. VOTE. 🚀🚀🚀🚀*** + +Edit: One point I did also forget to make, but is worth mentioning as well, is what the US Government stands to GAIN should the MOASS happen. As the Panama Papers and various other examples have shown, the SHFs and major companies absolutely loathe paying taxes, to the point where the majority of their wealth is stored in off-shore accounts and investments, thus making them untaxable in the eyes of the US Government (You can argue if you want whether or not the US Govt facilitates this/turns a blind eye or whatever, I'm not getting into that). However, should those tendies suddenly end up in the hands of Apes who have been paying taxes their whole lives, as in many cases directly benefit from their taxes being spent on the likes of new infrastructure (hahahaha good joke), there is a high likelihood that those apes would be more than willing to share their tendies with their fellow citizens, and are more likely to pay their taxes fair and square. This would open up a vast influx of wealth to the US Govt, and whether they have good intentions for that money or not, either way they certainly would like to get their hands on tax revenue that has for many years avoided them. In that sense, them allowing the MOASS to occur could actually directly benefit them, and that's not even taking into account the increase in indirect taxes such as GST that they will receive from all the Lambo sales... +I like this new trend of posting what we're doing even when we don't have a zero balance card or huge savings cushion yet! Here's my approach. In a year and a half I've paid off over $10,000 in credit card debt, with about $4,000 to go, and built up over $3,000 in savings so far. + +1. I moved from a flashy, expensive city, where I sank deep into debt trying to keep up with appearances and make professional connections. I now live in a fun but lower income city. People don't brush you off if you wear a pantsuit from Target here, and pretentious cocktail nights are few and far between. + +2. I consolidated my student loans because the rate was creeping upwards steadily despite my credit score actually improving. My monthly payments rose from $160/mo to $300/mo, but I will save thousands in interest and wipe a decade off the original loan terms. + +3. I consolidated my CC debt in two ways. First, I found a deal at my credit union for a one-year personal loan at 3% interest with no fees. I put $5,000 into one of those loans. The rest I moved onto a zero balance credit card I already had when they sent me a 3% transfer fee, 0% interest offer. I couldn't pay such an extraordinary sum off in just a year, but I made good progress and recently rolled the remaining balance to another existing card of mine with a 4% transfer fee at 0% interest for a year. I'll definitely be able to pay off the remaining $4,000 by then. + +4. My bank account structure looks like a warren. I have a primary credit union where I keep my spending checking account, an "oops" savings account linked to checking for if I go over my limit, a car maintenance savings account, a Christmas club, and a vacation/special event savings account. I auto-transfer into each savings account the day after I get paid. I don't throw much at these special accounts per pay, really, but it adds up over time, so I don't get anxious about needing a new tire or going into debt if my fiance and I want a nice evening together. + +5. My secondary credit union has a personal bill pay checking account, my emergency savings in a high interest savings account, and a high interest account where I deposit $10/week for my baby. These accounts are difficult to access easily - I didn't request a debit card. I set up auto-transfers and electronic bill pay from the checking account (as well as transfers to savings). It took planning to fund the account with enough at first to cover expenses while the first few pay transfers came in, and it took some math to find a good transfer amount so I can easily cover months with fewer pay periods. But now it's on autopilot and I don't have to worry about it! + +6. I also deposit into a joint bank account with my fiance for the bills we share. We contribute a percentage based on income. Our rent, utilities, and groceries all come out of that account. We roll any excess into a savings account for our future house. So what's left in my primary credit union checking account is entirely mine to spend! + +7. I have imaginary limits in each of my special savings accounts. For example, I cap my "oops" fund at $500. Every so often I transfer the balance above $500 to pay off more debt. I also throw tax refunds etc. half into emergency fund, half into debt. + +I know my approach looks complicated, and it is upfront, but it has been working well for me. Even when my fiance lost his job I was able to swing our budget on a dramatically reduced income. I like that I have options of where to withdraw when a larger emergency pops up: vacations? Oops? Also I don't touch my emergency fund anymore, or god forbid the account where I'm saving up for my kid. + +My progress has been slower than a lot of the success stories I see around on CNBC and the like. But in less than a year I'll be done with credit card debt entirely, and we'll be looking for a house instead. As a lazy person this system works for me. I check my accounts a few times a month, but I rarely have to do anything actively. My bills get paid, I make progress on debt and savings, and I have a bit left over for the occasional treat. +Me, I just cry and go to bed the whole day; + +Sometimes I just throw rage fits at my room wall; + +Other times, + +I uninstall my metatrader.. Please, don't mind my unkind words, am just trying to earn some money to live a comfortable life without being bossed around by someone else :) +Me, I just cry and go to bed the whole day; + +Sometimes I just throw rage fits at my room wall; + +Other times, + +I uninstall my metatrader.. Please, don't mind my unkind words, am just trying to earn some money to live a comfortable life without being bossed around by someone else :) +I’m currently reading The Art of Currency Trading by Brent Donnelly. I’m really impressed with it so far and think it’s fantastic. I’m curious what others think about it because I don’t see it listed in the FAQ and I couldn’t find any discussion of it in the sub. Has anyone else read this and have any opinions on it? +GME's trading volume has been in a downtrend since mid-year. Here is why retail investors might be behind the drop. + +BERNARD ZAMBONIN + +6 HOURS AGO + +Since May, trading volume in GameStop's stock has been declining in each consecutive month. + +Many retail investors are registering their GME shares through the Direct Registration Service, which has an impact on the stock's liquidity. + +Despite its lower liquidity, GameStop continues to be a popular target for short sellers and a money-maker for stock lenders. + +GME's Monthly Trading Volume Declining + +Looking at GameStop's trading volume data for 2022, we can clearly see a decline in trading activity since May. See below: + + + +GameStop's liquidity peak occurred in March, when news of its 4:1 stock split broke. That also coincided with a rally in the S&P 500. From mid to late March, the video game retailer's shares shot up 140%. + +Because GameStop is a popular target for short sellers — the latest update showed about $1.5 billion betting against its stock — increased buying activity tends to pressure short sellers to close their positions and buy the stock to cover their margins. This triggers noticeable upward movements in the stock. + +Despite some fairly severe price swings this year, GameStop's trading volume has fallen more than sixfold, from 636.57 million shares traded in March to 102.97 million shares traded in October. + +The most likely cause of this liquidity decline is broader market forces. Thanks to rising interest rates, many investors are avoiding stocks — especially those that trade less on fundamentals and more on growth or speculation. + +Is DRS Behind the Liquidity Decrease? + +There's another factor that has impacted the liquidity of GameStop shares. It is at the very least unusual, but not bearish at all. + +GameStop shareholders are actively utilizing the Direct Registration System (DRS) service, which provides shareholders with the ability to electronically move insured shares in a book-entry form between the share issuer and the investor's broker-dealer. + +In other words: with this service, GameStop investors have found a way to lock up their shares without the need to have a brokerage house behind them. + +Even though it is less practical to sell your shares this way than through a broker, there are logical benefits to registering your shares through DRS. + +For example, investors can keep their shares away from possible conflicts of interest between market makers and payment-per-order-flow brokers, as well as to protect themselves in case the broker-dealer goes bankrupt. + +However, the main benefit may be to limit the ability of brokerages to lend shares to short sellers — which is a common practice. + +In theory, if enough retail investors use DRS to transfer their shares to a transfer agent, share availability will decrease. Thus, it will become difficult for short sellers to cover their positions in an eventual squeeze. + +Interestingly, GameStop has started to disclose the number of shares transferred directly with its transfer agent on a quarterly basis. And the numbers are alarming. + +According to data from July 30, as stated in GameStop's latest Form 10-Q, about 71.3 million shares are registered directly through the DRS. That number could be even higher by now. + +This amount corresponds to about 30% of GameStop's total float, which implies that, in theory, these shares are not liquid enough to be traded daily. This can be confirmed by looking at the trading volume trend of GME in the last few months. + +We can speculate that, when GameStop reports its fourth-quarter earnings results, the first number that shareholders will probably look at will be the number of shares transferred through its transfer agent. + +How GameStop Lenders Made Money in Q3 + +It's not news that GameStop is one of the most popular stocks for short sellers to bet against — thanks mainly to its meme-stock valuation. + +With the markets in turmoil, many institutional investors have been targeting stocks whose valuations are detached from their fundamentals. Of course, GameStop is one of them. + +The latest GameStop short interest data from mid-October indicated that 20% of GME's float — 53.88 million shares — was being sold short. + +During October, GameStop's borrow fee rates remained at an average of 9%. Even though these fees are lower than earlier this year, they're still high. This puts extra pressure on short sellers to cover their positions in case of an upward stock movement. + +Despite the efforts of GameStop shareholders to limit stock lending to short sellers, GameStop was the most profitable equity in the North American lender market, generating more than $100 million in revenue for lenders. A large part of these profits came from GameStop's high borrow fees. +I'm having a hard time understanding how a couple with an average median income of $67k (as of 2020) can afford to purchase a house at the current median home value, which as of February is $357k. The general rule of thumb is to not spend more than 30% of your gross income on housing. How can people afford to pay a mortgage & property taxes (which can be more than your monthly mortgage payment in some parts of the country) along with other personal debit and still afford to eat? Are we on the verge of another housing market bubble explosion or am I not understanding this? + +Median income per US Census Bureau [https://www.census.gov/library/publications/2021/demo/p60-273.html](https://www.census.gov/library/publications/2021/demo/p60-273.html) + +Home value per CNN [https://www.cnn.com/2022/03/18/homes/us-existing-home-sales-february/index.html](https://www.cnn.com/2022/03/18/homes/us-existing-home-sales-february/index.html) + +\*\*Update\*\* A lot of good replies here with some valid points. I appreciate the discussion! +[Whistle Blown Year ago](https://www.rt.com/usa/359947-wells-fargo-customers-employees-blew-whistle/) + +Well the "I didn't know" ploy is out the window . . . .and yet . . .they still cant catch anybody? + +But Bonuses and Golden Parachutes go into Millions of dollars . . .seriously . .WTF? +I'm a 22 year old teacher in Hutto, TX and I currently have two retirement accounts with Security Benefits (or Legend Equities? not even sure). + +Security Benefit Life Ins Mutual Fund 403(B)(7) with about $1,000 + +and + +Pershing Ftc Freemark Total Return ROTH IRA (which is a bunch of different Vanguard shares?) with about $5,700 + +What freaked me out was (and I can't find this info in any of the stuff they mailed me or online) I think I remember the financial advisor saying that the fee was 2.75% for the Roth IRA. + +I guess my questions are, How do I bring the fee down? If that involves moving to a different company, how do I do that? Are there consequences to moving companies? I'm so lost and freaked out now. Also, neither of these accounts have made anything since I started them in November (403b) and April (Roth IRA), they've only lost money. Is that normal? + +Here is the list of providers I can use with my district: https://www.omni403b.com/PlanDetail.aspx?clientID=8yel2NgISi0=. My district doesn't match for 403b's (since they're already putting money in TRS, which is crappy and useless). + +Thank you in advance for any help you can give me. + +EDIT: Wow, this blew up. Reading all the responses now, thank you all! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I am thinking of allocating a large amount of capital to the wheel strategy/weekly far OTM covered calls (with mostly SPY and a select few blue chip stocks), and using ONLY the premium from that week to trade speculative call and put options. If I win, I use the profits to accumulate more shares to build another 100 share position to feed the theta gang machine. If I lose, I only lose out on the premium for that week and I live on. I plan to never sell shares unless assigned, and it will always be OTM above my cost basis. I understand this isn’t a insta win strategy and there are obvious downsides involved, but I’m curious if anyone has ever experimented with this kind of strategy. +Right now a 50 Put 11/19 is going for a whopping 8.30 per contract. + +A 140 C is also going for 16.00! + +Who is bold (stupid?) enough to sell options on this ticker? +I've seen a lot of people here simply thinking that "THIS TIME IS DIFFERENT", and that we won't have another bear market. Or if we are going to have another bear market, it isn't going to be like the previous ones. Well, let's dissect this... + +"THIS TIME IS DIFFERENT": yes, you are right, this time is indeed different. For the first time we have institutions buying Bitcoin, we have big companies buying Bitcoin, it is getting a lot of mainstream adoption. But don't ignore the fact that there will be a point where most of retail is going to FOMO into Bitcoin, filling the market with "weak hands", while the "strong hands understand the long game, and understand that it comes to a point where it is unsustainable growth. + +We see this already in Grayscale. Grayscale hasn't been buying BTC for the last month. Their 30D change is actually -545 BTC (Don't worry, they sell to cover fees and other things, they are not dumping). So what we are currently seeing is a slower institution adoption. Institutions are not going to FOMO in. They let retail do that, and then they wait for us to panic. + +I see soo much shilling on the daily discussion, it is obnoxious. Mostly because I know that this is short term. All those coins that are today, tomorrow, next week, pumping 100%, will be tanking 95% before you finish saying "DIAMOND HANDS". Believe me, everything is sunshine and rainbows when we are in a Bull Market. + +We will have another Bear Market. Sorry for breaking it to you. But let me explain my thesis on the Bear Market: + +There will be a point where institutions are going to stop buying BTC, they know that we are due a correction. They have their positions already, and now they are just going to be patient. Retail is still going to be on the mindset of "THIS IS IT, WE ARE NEVER GOING DOWN. BUY BUY BUY". Price shoots up. A lot of people are making life changing wealth. A lot of people are going to buy the top. Price starts dropping, like we've seen in these past days. A lot of people are going to panic. They sell at a loss. People are going to buy the 30% dip because it is "normal" (and it is). But it keeps dipping. + +WAIT, I CAN'T PAY MY RENT! More people that bought the dip with money they couldn't afford to lose have to sell. Long positions keep getting liquidated. Price keeps moving down. It's not looking good. + +Now the market is driven by fear. A lot of people are selling. Institutions aren't (probably). And a very small percentage of people that were screaming "DIAMOND HANDS" in this bull market are now shaking, and selling at a huge loss. The bear market is in progress. Institutions will be buying again. And HODLers too. + +This is my thesis. What is yours? + +This is why I mainly stick with coins that already have had that institutional adoption that I am talking about, and I am not looking for the next "LOW CAP GEM 😱🚀" + +Have a great rest of your week. Remember to keep your mental health in check! +So you have $1,000 set aside, and you're ready to enter the world of investing. However, before you jump headfirst into the world of stocks and bonds, there are some things to consider. One of the biggest considerations for investors with a minimal amount of funds is not only what to invest in but also how to go about investing. Not long into your investment journey, you may find yourself bombarded with minimum deposit restrictions, commissions and the need for diversification, among a myriad of other considerations. In this article, we'll walk you through getting started as an investor and show you how to maximize your returns by minimizing your costs. + +**What Are the Account Minimums?** + +To the inexperienced investor, investing may seem simple enough - all you need to do is go to a brokerage firm and open up an account, right? What you may not know, however, is that all financial institutions have minimum deposit requirements. In other words, they won't accept your account application unless you deposit a certain amount of money. Some firms won't even allow you to open an account with a sum as small as $1,000. + +**Stocks** +Stockbrokers come in two flavors: full-service and discount. As the name implies, a full-service broker provides much more in the way of service, but it only deals with higher net-worth clients. It's common to see minimum account sizes of $50,000 and up at full-service brokerages. + +This leaves the $1,000 investor with the option of a discount broker. Discount brokers have considerably lower fees, but don't expect much in the way of hand-holding. Fees are low because you are in charge of all investment decisions - you can't call and ask for investment advice. With $1,000, you are right on the cusp in terms of the minimum deposit. Some discount brokers will take you and others won't. You'll have to shop around. + +You also could purchase shares directly from a company through direct stock purchase plans (DSPPs). Some of these plans have a minimum investment amount restriction, which ranges between $100 and $500. + +With the advent of online trading, there are a number of discount brokers with no (or very low) minimum deposit restrictions. One of the most popular online trading sites is Scottrade. You will, however, be faced with other restrictions and see higher fees for certain types of trades. This is something an investor with a $1,000 starting balance should take into account if he or she wants to invest in stocks. + +**Mutual Funds and Bonds** +If mutual funds or bonds are investments you would like to make, it is simpler in terms of minimum deposit amounts. Both of these can be purchased through brokerage firms, where similar deposit rules apply as for stocks. Mutual funds also can be purchased through your local bank, often for less than $1,000 when you have an existing relationship with the bank. + +If you want to purchase government bonds, this can be done straight from the government through TreasuryDirect. The only restriction here is the minimum purchase amount of the bond, which can range from $100 to $1,000. + +**Learn the Costs of Investing** +Before you open an investment account, you must also consider the costs that you will incur from purchasing investments once the account is open. In most cases, every time you purchase an investment, it will cost you money (through commissions). With a limited amount of funds, these transaction fees can really put a dent on your $1,000. + +Investing in stocks can be very costly if you trade constantly, especially with a minimum amount of money available to invest. Every time that you trade stock, either through buying or selling, you will incur a trading fee. Trading fees range from the low end of $10 per trade, but can be as high as $30 for some discount brokers. Remember, a trade is an order to purchase shares in one company - if you want to purchase five different stocks at the same time, this is seen as five separate trades and you will be charged for each one. + +Now, imagine that you decide to buy the stocks of those five companies with your $1,000. To do this, you will incur $50 in trading costs, which is equivalent to 5% of your $1,000. If you were to fully invest the $1,000, your account would be reduced to $950 after trading costs. This represents a 5% loss before your investments even have a chance to earn a cent! + +If you were to sell these five stocks, you would once again incur the costs of the trades, which would be another $50. To make the round trip (buying and selling) on these five stocks would cost you $100, or 10% of your initial deposit amount of $1,000. If your investments don't earn enough to cover this, you have lost money by just entering and exiting positions. + +**Mutual Fund Fees** +There are many fees an investor will incur when investing in mutual funds. One of the most important fees to focus on is the management expense ratio (MER), which is charged by the management team each year, based on the amount of assets in the fund. The higher the MER, the worse it is for the fund's investors. It doesn't end there: you'll also see a number of sales charges called "loads" when you buy mutual funds. + +In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same, regardless of the amount you invest. Therefore, as long as you have the minimum requirement to open an account, you can invest as little as $50 or $100 per month in a mutual fund. The term for this is called dollar cost averaging (DCA), and it can be a great way to start investing. + +**Reduce Risk with Diversification** +Diversification is considered to be the only free lunch in investing. In a nutshell, by investing in a range of assets, you reduce the risk of one investment's performance severely hurting the return of your overall investment. You could think of it as financial jargon for "don't put all of your eggs in one basket." + +In terms of diversification, the greatest amount of difficulty in doing this will come from investments in stocks. This was illustrated in the commissions section of the article, where we discussed how the costs of investing in a large number of stocks could be detrimental to the portfolio. With a $1,000 deposit, it is nearly impossible to have a well-diversified portfolio, so be aware that you may need to invest in one or two companies (at the most) to begin with. This will increase your risk. + +This is where the major benefit of mutual funds comes into focus. Mutual funds tend to have a large number of stocks and other investments within the fund, which makes the fund more diversified than a single stock. + +**A Small Step Toward a Large Future** +It is possible to invest if you are just starting out with a small amount of money. It's more complicated than just selecting the right investment (a feat that is difficult enough in itself) and you have to be aware of the restrictions that you face as a new investor. + +**The Bottom Line** +You'll have to do your homework to find the minimum deposit requirements and then compare the commissions to other brokers. Chances are you won't be able to cost-effectively buy individual stocks and still be diversified with a small amount of money. Given these restrictions, it's probably worth starting out on your investment journey with mutual funds. However, like all aspects of investing, it's up to you to do the research and figure out the strategy that suits you best. + +*(found here http://www.investopedia.com/articles/basics/06/invest1000.asp#ixzz3afPnR8EN )* +Hi everyone! Sticky situation here: I moved into a girls house I knew and rented a room from her at the rate of 500, and at that time I worked crunching numbers. She asked what my salary was when I moved in which was understandable because she wanted to make sure I could pay. + +I just landed a new job at the beginning of February as a staff accountant. Understandably, i got a pay raise. I already paid my February rent when I got the job, and have paid march. She brought it up to me last night that because I got a pay raise my rent is increasing to "stay proportionate". She asked what my new rate was and of course I didn't tell her (only four more dollars an hour). She then stated that she needed to know. + +I looked through and through my lease before I signed it, and again this morning. No mention of rent increase/salary increase so I thought I was golden. I received a text about an hour ago stating she rewrote the lease and if I don't sign it I'm being evicted immediately, with the loss of my security deposit. It's busy season here and I can't currently move out, and my security deposit was 750 (one month rent, 250 damages). I argued back that she had to give thirty days notice (that is in the lease) and she said that's fine. However my April rent is going to be 950. + +I have no idea what to do. It just doesn't make any sense to me. +I apologize if this isn't allowed. I read the sidebar and FAQ, so I think I'm good... + +&#x200B; + +I am often tempted by higher risk investments, which generally speaking our sub tries to avoid. One of the many ways I use to not fall into the "but I could shave years off of my retirement if my return is 20%/year" type opportunities is to read about investments gone wrong. + +&#x200B; + +What are some examples that in hindsight were terrible decisions. Ever buy a high risk individual stock? A leveraged ETF? +Hal Finney, is the first ever receiver for Bitcoin and he got it from the man, Satoshi Nakamoto, himself. He was always a very passionate person about new tech and when Bitcoj launched he directly got into it and became the only person apart from Satoshi Nakamoto to run it. He then received the first Crypto transaction of 10 BTC. + +Furthermore he has been talking with Satoshi Nakamoto about bugs through emails and was likely the only person to ever know who Satoshi Nakamoto was. It's clear that his help and passion for Bitcoin has helped a lot to know have market with 20.000 cryptocurrency's. + +He will remembered as a great person to contribute to Crypto. May he rest in peace. +Just had an amazing win on the punt, but want to make sure I do me best to make it as life changing as possible for me. Doubt i'll ever have this much luck again. +Hi everyone, I'd love a bit of advice or some comforting words, really feel in a funk right now. + +I'm in a pretty good place financially, I have no debts (apart from student loan) and have a pretty decent job in IT in London, earning about £30k a year. For the past 2 years I've been putting money into savings, currently about £400 a month - the main reason I've been able to do this is because I live quite frugally and, importantly, *only* pay ~ £750 a month in rent and bills. Of course, this is because I live in a depressing shitty flatshare which I hate. + +I have simple dreams - I want to buy my own house, have a family, be able to travel infrequently, nothing too outrageous. I've been in a relationship for 3 years, and what I really want right now is to move out of my horrible flatshare and in with my girlfriend. Just the two of us, somewhere comfortable, doesn't have to be big. + +My girlfriend lives not too far outside of London with her parents, I travel to visit her most weekends. She has a job in retail earning around £10 an hour, and working 30-35hrs a week. She too, wants to move out and live with me. I wouldn't be able to move in there. + +The more I think about money and our future the more depressed I get. We could probably just about manage to live in London together - a 1 bed flat that isn't a total shithole would be maybe £1200-1600 a month in rent. When you consider the cost of train commute to London every day, moving out of the city would make little difference based on my calculations. I'd have to contribute more towards the rent in any case, which I would be ok with if it means I can be happy. But throw in council tax and bills and I probably wouldn't be able to put away that £400 a month. + +Without building up these savings, I doubt there's any hope of me ever having enough money to put a deposit down on a house. And this kills me because I loathe the idea of pissing away most of my paycheck on rent. Neither of our parents have the means to help us out with this. Many of my friends and colleagues are starting to buy houses and I'm beginning to resent them for it, merely because they've been fortunate enough to be able to live at home and save enough money that way, or to receive help from their parents. + +In short I feel as if all of my hard work in life is getting me nowhere, and I have no escape. I may be earning a good wage, but the cost of living in, or commuting to London eats that up almost instantly. I see no feasible way of ever being able to buy my own house without putting myself through years of misery living with strangers in a shithole, let alone ever get married and have children (which is what I want). + +My lease runs out in June and I don't know whether to stay another year and keep saving money, or try to find somewhere with my girlfriend which would make me considerably happier, but mean I can't save. + +Is it really all doom and gloom out there for people like me? + +Any advice would be greatly appreciated. + +Cheers. +I'm 27, saving up for my first house and have been interested in personal finance for the last couple of years. + +I just wanted to ask this community (whatever your age, experience or knowledge), what is your best advice regarding personal finance? It could be something you were told by someone else or something you've done or wish you would've done sooner. + +Post your answers below! Your comment could help others :) +My employer was recently acquired by a larger company. Our 401k was with Milliman and now it is at another investments company. We were told to move our funds over to the new company but Milliman told us there is a $75 "processing fee." I asked our new director of HR if the company is covering this fee since it's not our fault we have to move our money. He said that the company "unfortunately" doesn't cover it. + +Is this legal? I'm sorry if this isn't the right subreddit. If it's not, please advise me where to go and I'll post there. Thank you for the help! + +Edit: One form says $75 processing fee and another says $40 processing fee. So $115 total. + +Edit 2: Thank you very much for all the helpful comments! Sounds like the fees are just a part of it so I'll need to deal. I'll be contacting all parties to clarify what I should have done to avoid withdrawal penalties. I don't intend to use the money, I just want to move it to the acquiring company's 401k plan. +Europoor starting the party while u/OPINION_IS_UNPOPULAR is asleep, but credits to him please fellow apes ! + +HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY !!!!! + +We going to the moon or what ? + +EDIT: why was this post removed by the mods ? It didn't infringe any rules ! +EDIT2: thanks mods for removing the ban on this post ! +Can anyone vouch for Tradingview's backtester? I see this, and am not sure if I should throw all of my money at it, or if this is total bs. + +Assumes initial investment of $10K, 100% of equity reinvested for every trade thereafter. + +**Update:** + +Strategy uses a standard candle stick chart, on closed bars, does not repaint. + +&#x200B; + +I am currently net negative on the account, hence why I wanted to jump on here and get an idea if this is just a temporary downturn or if this strategy is crap because the TV Backtester data is unreliable. + +&#x200B; + +Thanks everyone for your feedback and insights! + +https://preview.redd.it/6c82f6bi0c7a1.png?width=1831&format=png&auto=webp&s=7a5008b46a709a1162e30f98e782b69e8c9339e2 +I understand that every knowledge is worth of money to aquire it, no doubt, but what would you professionals say about this nano degree program? +https://www.udacity.com/course/ai-for-trading--nd880 +https://finance.yahoo.com/news/1-amazon-boosts-hourly-pay-103153407.html + +Sept 14 (Reuters) - Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. + +The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018. + +This is a good news for amazon as it continue to expand the workforce. It is continuing to invest into the warehouses and logistic networks. It is the latest sign that amazon is still growing and trying to generate more revenue. + +Thanks for the rewards. +I’m confused weather to pay the minimum balance on my credit card or to pay full. Given minimum balance doesn’t have any interest associated, why not just pay that and get done with the cc payments? +I need some advice. I'm in my late 30s and was diagnosed with Hodgkin's Lymphoma in January. I am now in remission with a 40% chance of relapse. Studies show that only 25% of Hodgkin's survivors live more than 30 years (around my retirement age). I've stopped working and am a stay at home mom. I'm thinking about withdrawing my 401k when my employment officially terminates. I was thinking about putting that money on my current house and refinancing with lower payment and interest rate. The calculators say I'll save $100,000 in interest with the large payment alone. My long term plan is to rent my current house then but another for our primary residence. Thoughts? + +More details.... + +$125,000 in my 401k. +20% equity on current home equivalent to $75k. +I'm not planning to return to work...retired. +Husband has $100k in retirement. His company matches 87.5% up to 8%. +A government job that will pay me 40% more but I will be fixed to this place forever and won't be able to move, can only resign! + +I can take that job now in my city with less pay but it's the city I always assumed I am going to spend my life in. +I’ve a bit of spare cash I’d like to invest, but it doesn’t quite feel like the right time while markets are still in decline. I’m not looking to time the market bottom precisely, but I’m curious if others would recommend holding tight for a while longer before buying? +I was in a small chat WhatsApp group discussing recent investments and discussed my new Dividend portfolio. The vitriol I received was so weird. Some were saying that "dividends are a sign of a dying company" and "why would I get paid to hold a weak stock?". I get there are mixed views on age and dividend investing, but everyone has different strategies and it's my money so why do people get so emotional over what I'm doing with it? + +I don't get what happened to trading and investing communities over the last 3/4 years, but seems like it used to be everyone just doing their own thing, happy to discuss it, and not quite as factioned as it is now. It's a little sad as there seems to be a lot of bitterness killing what could be a much more fun and discussion filled sector. +What are signs that lead you to selling a dividend company ? Reduction in dividend? Sorry new to this and just want to know what to look for so I am not naive and just buy high yield companies people talk about. I want to be held accountable :D + +Thanks! +My daughter is 8 years old, we started a 8 fund portfolio(Taxable Acc). Her investing allowance is $100 month. We're planning holding these funds for 8 to 10 years. She picked VOO, APPL, SBUX, MCD and I picked the other 4. + +Every month: +VOO: $20 +SCHD: $20 +APPL: $10 +JNJ: $10 +MCD: $10 +Pep: $10 +PG: $10 +SBUX: $10 + +Let me know if this a good start and good mix of funds? Thank you + +This account is for educational and making some money. Also, I got her a UTMA account with VTSAX. +If you are still in the accumulation phase lower prices just mean you get more shares at a discount. If you are in the draw down as long as your investments continue to pay regularly you have no need to worry. The bears will try to convince you to lock in your paper losses, ignore them. +Or they were already. But I think more and more are paying closer attention. All this talk about BB over the weekend. And then suddenly it increases by 33% today on Monday. That is more than 3 billion dollars moved around. There’s no way that’s just Reddit by itself. This is not a coincidence. +Or they were already. But I think more and more are paying closer attention. All this talk about BB over the weekend. And then suddenly it increases by 33% today on Monday. That is more than 3 billion dollars moved around. There’s no way that’s just Reddit by itself. This is not a coincidence. +Now, I've never really been great with money... I have a decent job at a small factory that makes plastic fittings, making $15/hour. I have a little bit saved up - about $800 - but I just started three weeks ago. I'm 19 years old and always say I'm ready for the real world, but honestly, I'm really fucking scared. + +What scares me is that I have no idea how insurance works or how to pay bills. I don't know how to manage having an apartment or anything. I'd love if I could sit down with one of my parents and they could help me, but if all of us aren't working a certain day, they're busy getting the house cleaned and things packed. I need to be out within the end of this month. + +Do you guys have any money saving tips? Hell, even the basic jist of how to pay my own bills. Phone, car (when I can afford one), etc. Anything honestly helps. +I'm trying to understand why one would want to sell part of a portfolio (4% or whatever per year) instead of just using a secured loan against those assets (for instance, Interactive Brokers does very low interest rates like 0.5% over 1.4M and still under 2% for smaller portfolios. Schwab has a pledged asset line program that has low interest rates too). It seems better to accept a 2% downside on 4% (if that's what you withdraw than to convert to cash and lose the 4% each year) +Hey everyone + +The Bank of England is considering creating a new form of public digital money, known as Central Bank Digital Currency. They've opened a [public survey](https://positivemoney.org/help-us-demand-access-to-public-digital-money-now/) that’s running until Tuesday asking if this new money should be accessible to the public or just private companies. + +Positive Money are asking people to respond, so that this potential game-changer has a genuine consultation with the public. They take the position that new central bank digital money should be truly public rather than handing more power to private banks and card companies, but it's obviously up to everyone how they want to respond. + +I'm sharing this here as a Central Bank Digital Currency could bring lots of benefits to people's personal finances, such as: + +➡️ We could all hold bank accounts directly at the Bank of England (perhaps with access  via the public Post Office), instead of relying on private banks + +➡️ It would make sure the unbanked or underbanked are no longer financially excluded and cut out extortionate banking fees + +➡️ It would allow the government to send money directly to households, so it could pave the way for policies like universal basic income +I would love to hear everyone’s life story about how they got to where they are today. How wealthy were you growing up? What did you do in college? What was your great break into FatFire? I would love to know :) +Hey there, + +Not fatFIRE'd, but on my way to as mid 20's, 500k TC. + +However, how do you balance the choice of taking a consistent path with guaranteed income versus being able to take risks (such as starting your own business)? + +It seems that trying to bootstrap/attempting a startup/taking major financial risks will likely delay any fatFIRE plan for years, but fatFIREing and going back to working 80 hours a week might be tough. + +Just curious how /r/fatFIRE balances their plans with being able to take risks and chase dreams. +Good Morning Apes! + +Welcome to another market open, another Monday, and another season of watching the GME ticker all day. + +I hope everyone had a wonderful holiday with friends and family, I mean future GME investors. + +Today and Tomorrow are FTD due days on GME, for any fails that occurred from the November 19-22nd delta hedging and bona fide MM (T+2+35c). While these may not create big waves call volume was fairly significant at the time and so in turn was synthetic share creation. This may lead to price improvement today and tomorrow, but more like we will just experience some volatility. + +[MM fails from November run due today and tomorrow.](https://preview.redd.it/tyeqk94ta3881.png?width=2447&format=png&auto=webp&s=2c7623041e74339d556046bba9f7f93f7ddca4fe) + +**You are welcome to check my profile 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 + +GME holding steady above VWAP I like this going into tomorrow with fewer available short to borrow and more FTDs due. The price suppression effected today with ITM puts while covering should be less effective. Volume picked up a tiny bit and a bit of intraday volatility. More of this to come with possibly a little upside potential tomorrow max pain is still at 160 so there is room to the upside. + +[ITM puts to suppress price while covering FTDs](https://preview.redd.it/i3ncki1bh5881.png?width=978&format=png&auto=webp&s=4f13092403b65b978e96798bbd01fbf6b239a23d) + +https://preview.redd.it/i7qus4gyg5881.png?width=699&format=png&auto=webp&s=e0b4ff15ae880cc32c5c9b2bbe488bb0dab88be6 + +Edit 4 2:11 + +All the momentum leading to that test of 150 lost in the last 20 minutes we may still find support on the intraday uptrend as we remain above VWAP + +https://preview.redd.it/m13nb0qtw4881.png?width=1617&format=png&auto=webp&s=114395ee8d718bea66f114101b03329b7664df95 + +Edit 3 12:43 + +Looks like we might be breaking up a bit moving into the afternoon, after this period of consolidation. All the other ETF stocks have seen larger price improvement today. + +https://preview.redd.it/wijbmrjih4881.png?width=1631&format=png&auto=webp&s=e469c01d10ac1f1c7bde1d4428211c7b00c02af4 + +Edit 2 11:18 + +Found a floor and bounced at the 140 resistance slowly climbing it's way back up. I would like to see a break back above 150 before end of day. The FTDs due today appear to at least be creating some volume as we are already approaching 1m shares traded. + +https://preview.redd.it/coo9lj1324881.png?width=1628&format=png&auto=webp&s=1db780b0bafd9c85902a745e3c2edbba66f1fde1 + +Edit 1 9:49 + +Beautiful morning discount. May find some support at 145. + +https://preview.redd.it/pomkpzdsl3881.png?width=1631&format=png&auto=webp&s=d7990146d24577f085fed264cce969aff4e8fd8b + +# Pre-Market Analysis + +There was a big gap up candle this morning at pre-market open with GME testing $160 on 410 volume @ 4:01am. Hopefully this is a sign of more volatility to come. Pre-market volume is 6.8k at time of writing. + +Shares to borrow: + +IBKR - 80,000 @ 0.9% (15,000 return and 20,000 borrowed this morning) + +Fidelity - 434,917 @ 0.75% + +[GME pre-market 1m](https://preview.redd.it/hsr0xw94a3881.png?width=1622&format=png&auto=webp&s=924044391c593d29b10159363a2850b043e39f13) + +\*So far no effect on arbitrage from this morning's spike. CV\_VWAP is flat. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +**As of posting this, in the HK market, BABA is down 5%, BIDU is down 6.2%, TCEHY is down 4.5%, JD is down 7%, BILI is down 8%** + +China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet, as Beijing continues its broad crack down on the country’s technology sector. + +The rules published by the State Administration for Market Regulation (SAMR) cover a wide range of areas from prohibitions on the way companies can use data to stamping out fake product reviews. + +Chinese listed technology stocks in Hong Kong fell sharply on that news. Gaming giant Tencent was 3.5% lower in late morning trade, while e-commerce giant Alibaba fell 2.5%. + +SAMR’s latest rules continue Beijing’s regulatory assault on China��s technology giants. + +Here are some of the other key rules outlined: + +Operators should not provide false data, such as the number of clicks on a piece of content; +Operators should not conceal negative reviews and only promote positive reviews; +Internet platforms should not use data, algorithms and other technical means to influence user choices, or other methods to carry out so-called traffic hijacking. This is where a company looks to redirect a user to their own website or service while they’re browsing another; +Operators should not use data and algorithms to collect and analyze competitors’ trading information. +SAMR said it could hire third-party institutions to audit data if an operator falls foul of the rules. + +SAMR said it could hire third-party institutions to audit data if an operator falls foul of the rules. + +The regulator is seeking public opinion on the new rules until Sept. 15. They have not yet come into effect. + +However, SAMR’s draft rules highlight the market regulator’s push to tighten the laws around antitrust and competition. Earlier this year, the authority promulgated antitrust guidelines for the so-called platform economy. + +The regulator has also been taking action against China’s technology giants. + +Alibaba was slapped with a $2.8 billion fine in April as a result of an anti-monopoly probe, and SAMR is currently investigating food delivery firm Meituan for “suspected monopolistic practices.” + +And last month, the SAMR blocked Tencent’s plan to merge video game streaming sites Huya and DouYu on antitrust concerns. +Hi there - + +I'm in my mid-30s. I have a partner but this is solely my income and investments. We're considering going into real estate investing together, and soliciting feedback on that and any other investment advice. + +**Net worth** + +Total: \~ $520,000 + +401K: $280,000 + +Roth: $13,000 + +Taxable accounts: $122,000 + +Approx. equity in 1BR rental condo (after agent fees): $102,000 + +**Income & savings rate** + +Annual income: $350,000 base; \~$90,000 bonus + +Savings rate: \~50% after tax + +Consists of: + +* $35,000 of salary paid by employer to 401k +* $19,000 personal contributions to 401k +* $6,000 backdoor Roth +* \~$7,000/mo to taxable accounts + after tax bonus income (= \~$129,000 annually) + +**Investment strategy** + +I follow an asset allocation strategy with rebalancing when the allocations are \~20% out of balance on a relative basis. + +Portfolio allocation is: REIT 15%, Mid/small cap domestic 35%, Large cap domestic 35%, Intl 10%, and Bond/cash 5%. + +**Real estate plans** + +My 1BR condo rental is being managed by a property manager. The rent income is $2530/mo after management fees, $600 of which pays down principal each month. My monthly mortgage + HOA expenses are $2400. If I managed the property myself, I would earn the full rental income of $2750/mo. + +We rent a 2BR apartment in a HCOL city. We're saving for a down payment on a house, with a goal of having a rental unit on the property - either a basement or carriage house unit. Realistically, we would spend $900,000 to $1.2 million on this. + +We're also saving for a second vacation property that we would rent on Airbnb when we're not using it. We've crunched the numbers and can reasonably expect to break even, or even make a little money, on monthly payments. But we're not finding a property that we like personally, and we may end up building on a lot instead of purchasing a house. We live in a city, and the main goal for the second property is quality of life - we need trees and nature. All in, we expect the property would cost $550,000. + +I have $65,000 in cash saved for real estate, and I will probably sell my 1BR rental condo when the lease runs out, with a reasonable expectation of $100,000 cash after agent fees (but before taxes). My partner has up to $160,000 available for real estate. The reason for selling the 1BR condo is that it's in a prime location in the city (I used to live there), and there's not going to be any appreciation other than inflation. It seems to me that the equity would be better put to use elsewhere. + +My partner and I have also discussed real estate purchases as pure investment (as opposed to earning rental income in our primary and secondary residences). I'm not sure the extent to which I should divert my more traditional, taxable account investments to that, and how to account for it in my asset allocation method of investing. + +**Ultimate fatFIRE goal** + +I'd like to save enough for a guaranteed annual income of $150,000 year at a 3.5% withdrawal rate - solely on the basis of my assets, separate from my partner's. At that point, I'd quit my high-stress job and do whatever I want for a living - say, run a florist shop. We'd also move to a LCOL area. According to this [calculator](https://engaging-data.com/fire-calculator/), I'm about 12 years away from that with my current investment strategy, assuming 8% returns on stock. + +Critiques on the strategy? Advice on how much to divert to RE investing? All thoughts and advice welcome! + +\[Edited to correct REIT allocation.\] +I’m so unbelievably filled with so much red hot rage and pain that I feel like I can barely stand it at times. + +Nobody in my professional, medical-based field will believe me when I tell them. “You’re strange.” They will tell me. + +Nobody in my family believes me. Only my grandfather, who has decades of business experience, has even been able to get close to putting the whole puzzle together, but he has sworn away from the stock market (tbh, pretty based). However, I’ve tried to convince them dozens of times. I’ve even been laughed at. + +Now I’ve been trying for months to convince HUNDREDS of my friends and most 29 and under people I have the opportunity to be with for multiple days. I don’t just drop it on strangers. I’m not a fucking weirdo. I try to talk about GameStop with people who I have at least had a meal with, or had drinks with. Literally 2. That’s it. 2 of my friends have believed me. I’m literally balling my eyes out typing this. + +It is up to us apes. Nobody wants us to succeed, but us. And we only want to succeed for them. I will do at nothing except to bring these evil, greedy bastards to their knees! NO CELL, NO FUCKING SELL! + +It will also be up to us in the future. What will become of the dollar? Who knows? We will be rich immediately overnight, or eventually. Who honestly cares how much money we earn if everything continues to stay the same? “Only interested in speaking with candidates who want to actually WORK...” + +We are to be the ones to change the world. + +I’m beyond pain. I’m beyond frustrated. I’m beyond being in it for the money. I invest in GameStop bc I like the stock, and I want justice. I want justice for the last 100 years of American society. I want justice for my family. I want justice for humanity. It’s not even about IF we are going to be better. We ARE better. + +I, for one, have a well-thought out and meticulous plan for how I will be spending my tendies to help my fellow man. I will not be providing details here, but I will not rest. I WILL NOT STOP until I solve this extremely important problem in America, and for the world rather. We are going to change the world apes. You just have to believe that you are always trying to do right for humanity. Be true to yourself and your heart. We can accomplish anything. + +I love you 🦍 see you on the 🌖 +You all have been some of my best friends and it’s difficult to admit that, sometimes. +Ook ook :”) + +Edit: how could I possibly forget these 🖐💎🤚 +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 (also fixed a couple words and grammar) +Dow Chemical Co. and DuPont Co. announced Friday that they have agreed to merge, fusing two of the U.S.’s oldest companies into a chemical giant currently worth about $130 billion. + +Under the terms of the deal, shareholders of Dow Chemical will get 1 share in the new company called DowDuPont for each Dow share, while DuPont shareholders will get 1.282 shares for each DuPont share. The deal’s structure will give Dow and DuPont shareholders equal stakes in the combined company. + +The deal will be followed by a three-way breakup of the combined company, a common approach to mergers and acquisitions of late. The three resulting companies, which would be publicly traded, would be focused on agriculture, material sciences and specialty products. +LOT's new HUB just launched! A new website that will make it so much easier to participate. And it looks beautiful. Congratulations to the devs for their hard work and continued efforts to make $LOT the most reliable crypto investment. This redesign marks the start of a new era for the original and best BSC Lottery. We've already redistributed over 22k LOT (equivalent to $80k at current price) We've also launced our weekly side lottery, called Pineapple Express. Yeah you know the name. Come ask in telegram if you want to know more! There's lots more marketing in the works and the team is working their butts off to ensure the project is a success. No pump and dump rubbish here. We're about a third of our ATH right now, and a perfect entry price. Any questions at all, come ask! 💎💎 + +&#x200B; + +$LOT Tokenomics: + +&#x200B; + +$LOT is a decentralized raffle on the Binance Smart Chain, but through it\\\`s mechanic you do not lose your “ticket”. All you need to do is to hold 18 LOT tokens and you are automatically in for the draw. These 18 Lot acts as your lifetime ticket. Each transaction has a basic fee of 6%. + +&#x200B; + +🏆 2% distributed between holders + +&#x200B; + +🏆 2% burned + +&#x200B; + +🏆 2% goes into the Lottery Pool + +&#x200B; + +Once the lottery pool reaches 0.1% of the Market Cap, this jackpot will be deposited to one lucky holder's wallet. As the draws are depended on transactions, multiple draws can happen in one day. + +&#x200B; + +That means your ticket is not only valid forever and can be withdrawn every time, it also becomes more valuable as the total supply decreased and you also collect your fair share. While the price can also go up, you can multiply your investment, without even winning the Lottery. + +&#x200B; + +💎💎 + +&#x200B; + +Right not the jackpot is sat at about $4k. But as you can see, once we start reach a MC of about $1B, the jackpot will be worth about $1 Million. And as our market cap increases, the minimum requirement of LOT will be reduced so make sure it's still accessible. + +&#x200B; + +Ill just leave you with the following: + +&#x200B; + +🚀 Solidity Finance Audited + +&#x200B; + +🚀 CoinMarketCap Listed + +&#x200B; + +🚀 CoinGecko Listed + +&#x200B; + +🚀 Liquidity Locked + +&#x200B; + +🚀 Contract: 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +&#x200B; + +🚀 PancakeSwap \[[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)\]([https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)) + +&#x200B; + +🚀 Website: [https://lotterytoken.net](https://lotterytoken.net) + +&#x200B; + +Any questions, come have a chat with us: + +&#x200B; + +🌚 \[[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) +I've seen it commented and posted a few times now, and it caught my eye because it's out of line with what we've always chanted, Ape No Fight Ape. But I think the recent situation is going to be, or is currently, getting spun a certain way. + +Due to the recent drama, and the outcome of said drama, there has been a significant upswing in posts saying things along the lines of "I don't even like any of you, I just like the stock" "some mod drama isn't going make me sell, I don't care about anyone else" and things along those lines. Some are in reference to the recent departure tweet, but I've also seen it tacked on to other comments. + +The mantra has always been, Ape No Fight Ape, Be Nice to New Apes and teach them, be the change you want to see mentality. + +Now, Due to the mod drama, we no longer care about our fellow investor/ape/people? We are only out for ourselves? I think the statement is getting distorted, we don't care about Shills, FUD spreaders, or manipulation/control tactics of any kind. + +I feel like this forced statement of "I don't care about anyone but me" is trying to sow the seeds of doubt that people are only out for themselves, that people wont hodl, that they will sell on the way up because they only care about their own gains. They could push FUD and fake position posts saying they got out early because they don't trust anyone else and don't want to be a bag holder. + +People always ask/say "HAH, you think THIS is going to make me sell? Drama won't make me sell" + +But you have to remember, these tactics aren't a direct correlation. Its not expected that drama=sell, they would set up and take very small, very incremental steps to push sentiment/narrative the direction they want it to go. + +Large scale it could be, first is don't trust the mods, next is don't trust fellow hodlers, then it's don't trust the thesis/MOASS. Within each of those steps is many many small options and steps to accomplish that. + +I STRONGLY feel this is just one of many small facets. + +Screw that. I Care About all of you. About everyone. I want all people everywhere to have a happy and bright future. Even the people we compete against in this epic tale we've been living, I hope they have happy, bright futures and lives. To want anything less means we don't deserve what we are fighting for. + +I personally choose to buy and hodl, buckle up, and wait for the bright future I see from Gamestop. Watch what they do, everything else is a distraction. + +Not financial advice, just a concerned ape <3 +Well it is last thing on a Friday and I am just getting through the last of my emails now. All in all there was over 200. + +It will take a while to get through them all and get replies to everyone and to find and answer all the questions you guys asked on here and in your emails but I fully intend to. There is just a lot of you. + +A big thank you to everyone who reached out to us. I spent a good chunk of today talking with programmers about APIs and wallets so we can decide exactly what we need to do with our site to add Bitcoin as a payment option. + +Before I go back to the 100 unread emails I still have I thought I would make the official announcement and let you all know you that you have been heard. + +**[GoCityHotels.com](http://gocityhotels.com) will be adding Bitcoin as a payment option this month.** + +Please feel free to ask your other questions and I will get to the people here once I get to the bottom of my emails. I am sorry. + +I look forward to working with the Bitcoin community in the future and I hope in the future you will all continue to ask us for the things you want! + +Thanks, + + +Nick, + +GoCityHotels.com +“If I was lucky, why didn’t you buy ETH? You had the chance! + +I went through bear markets, bull markets, roller coaster of emotions. + +Most of y’all would’ve probably sold at the first dip or pump you saw, but I didn’t.. I knew the potential and was not ready to accept anything below that. + +Now look at me!” + +-Me replying to comments in 2031 in my green lambo. +For those that don't know OmiseGO has recently just started trading after reaching the fundraising cap during presale so unfortunately their was no ICO. It's the only ICO I've been involved in and it's shaping up to be very good indeed. + +http://i.imgur.com/n6H5ye1.png +Taken from the OmiseGO slack, Jun confirms that they are working with McDonalds in Thailand which is soon to be announced ... J is the founder and CEO of Omise. + +This is one of only 2 projects that Vitalik is advising on and he's great friends with Jun himself. Take a look at the project [here](https://omg.omise.co/), many big things are to come from OmiseGO, get in whilst it's cheap. + +Just started trading on [Liqui](https://liqui.io/#/exchange/OMG_ETH) and already the #1 eth token being traded, expected to be listed on many other exchanges shortly. + +It's also just been announced that Bitfinex will be supporting as of today ! +https://www.bitfinex.com/posts +Each week I’ll be picking a random ASX stock that I (personally, yes I’m aware it may have been covered at some point in history) rarely see discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market. + +Here’s this week’s Random Stock of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Aeris Resources + +https://preview.redd.it/954xjvrmjfo81.png?width=890&format=png&auto=webp&s=776dd9b15f4a698b39c6ea169951c040f9cfada4 + +**Ticker:** AIS + +**Industry:** Mining + +**Headquarters:** Brisbane, QLD + +**Market cap:** \~$300m + +**Current share price:** \~$0.135 + +**1-year Performance:** \+28.5% + +**What they do, smoothbrain version:** conduct cap raises & stagnate their share price… while also mining both copper and gold. + +**What they say they do, wanky version:** “Aeris is a mid-tier mining company focused on growth and delivering shareholder value through efficient operations, greenfields and brownfields exploration and value-adding acquisitions.” 🍆👋 + +**What they do, actual version:** Brisbane-based **Aeris Resources (AIS)** are a hybrid copper and gold mining company with a duo of flagship assets that form the backbone of their current operations and revenue generation. + +While the company has been listed for quite a while – they debuted on the ASX back in 2011 – Aeris had a tumultuous history through its first couple of years of listing that are now largely irrelevant to where the company currently sits today. + +It was initially listed as Straits Resources, struggling along for several years before undergoing a corporate restructure in 2015 and rebranding to its current name of Aeris Resources to reflect a “new positive beginning” of more efficient operations moving forward. + +https://preview.redd.it/e3mgou8qjfo81.jpg?width=1000&format=pjpg&auto=webp&s=0a3ed9e4848d494b8afcc76dd3c70200e5844f21 + +Throughout its initial operations, the company has been focused on copper mining and production, with its key asset the Tritton Copper project situated around 50km north-west of Nyngan in north-west NSW. + +The mine began operations in 2005, and in its present state can be counted on to produce around 19,000 – 20,000 tonnes of copper per year. The project is a complex of two mines (both underground), and its associated processing plant. + +However, the ‘modern iteration’ of AIS really only came into existence midway through 2020, when Aeris also acquired ownership of the Cracow Gold project located in central QLD in July of the same year – along with mining and explorations licences for the surrounding goldfields. + +This mine had recommenced its operations in 2004, and the company has estimated for it to produce between 64,000 – 66,000 ounces of gold moving forward. As it stands now, AIS can claim the title of the only mixed small-cap copper and gold producer on the ASX. + +Aeris also has a subsidiary which has a joint venture underway with another subsidiary of ASX-listed Helix Resources (HLX) – the Canbelego joint venture. + +https://preview.redd.it/erpbn56sjfo81.jpg?width=933&format=pjpg&auto=webp&s=de9d994c9fa1343ffb60a5cc497d5442282e4a6d + +This is a 40km² prospective copper project located to the south-east of Cobar in central NSW which has shown recent potential via broad zones of copper sulphide samples. The region has plenty of copper exploration activity taking place, with multiple other prospecting listed and unlisted companies searching its tenements due to a history of rich copper deposits. + +Aeris Resources’ current management have proven pretty adept at rescue projects and essentially ‘saved’ the Tritton mine operations many years ago, taking over a resource with a limited Life of Mine and conducting explorations nearby to search for additional deposits to extend the resource’s life further. + +As of time of writing, AIS have identified three new copper ore sources/deposits that they’re looking to develop at their Tritton complex and are showing promise. + +Chief among these are its Constellation Deposit which sits around 45km to the north-east of its existing Tritton operations and within a fairly easy distance for trucks to transport ore to its mill. The company is expecting to release an update of Constellation’s mineral resource in June 2022. + +In closer proximity lies the Budgerygar deposit around 600m from its Tritton mine, which also looks promising and has recently returned upgraded mineral resource size & estimate grades that have improved upon initial estimates. + +Its location relative to the company’s existing operations should make things much easier to bring into production given it can be accessed via current infrastructure vs. building an entirely new mine. + +As a stock, AIS has had some predictable peaks and valleys over the past few years, following a cycle that has repeated leading to its share price rapidly climbing and then drifting down each time despite raking in fairly solid revenue figures & varying degrees of profits. + +https://preview.redd.it/nuplth6tjfo81.png?width=1149&format=png&auto=webp&s=5f6d7f387191ffb7d1279610fed6b195d08d96fc + +One of the major factors for this is likely its propensity for cap raises and share dilution. This first started in June 2020, when AIS issued a cool billion new shares at $0.03 per share to raise money from institutional & retail investors in order to help fund the purchase of the Cracow mine from Evolution Mining (EVN). + +After a couple of following quarters of solid gold production achieved, the share price gradually recovered post-purchase (and post-Covid-19 dip) culminating in March 2021 when the company’s quarterly update showed impressive volumes of both gold and copper achieved across its projects. + +These trends pointed towards AIS having a cracking end of financial year for 2021, and the company delivered, posting around $430 million of revenue and net profit of $61 million. + +Combined with several releases around positive drilling results from their Constellation project, and in June 2021 Aeris’ share price hit an all-time-high (at the time) of $0.225. + +However, as we often see with listed companies, AIS took the opportunity to capitalise on all this sentiment & conduct another capital raising around the same time. + +They held the raise at $0.175 per share for another approximately 287.9 million new shares issued (around a 15% discount to market price at the time of issue) in order to conduct further exploration opportunities at Cracow & Tritton. + +In August 2021, the share price hit another all-time-high of $0.24 as buzz around the company and sentiment on the EV / electrification revolution was humming. + +Soon after in the same month, AIS released their annual report which again showed strong financial results, but one key metric that would seemingly affect the business moving forward was starting to creep up: **AISC**. + +https://preview.redd.it/xo7i689wjfo81.png?width=892&format=png&auto=webp&s=35f4519aba30ec7e46bb36bcbc5a8a96cb80a0df + +AISC, or “All-In Sustaining Cost” in mining terms, is essentially a single figure that sums up the cost per unit of metal sold for the company. Over each successive quarterly report, Aeris’ AISC figures climbed towards the latter part of 2021, with lower grades of copper achieved from the Tritton mine only exacerbating things further. + +The company’s share price has thus essentially been flatlined for the better part of a year due to these factors, with its seemingly-strong fundamentals currently being largely ignored by the market as fears around continued cost rises and its existing short Life of Mine weighing on sentiment. + +External ‘fear factors’ globally haven’t helped matters either, leading to underwhelmingly stagnant performance for AIS as a share for much of the past 12 months. + +So how might AIS do in 2022 and beyond moving forward? Let’s take a look. + +AIS has returned 26.29% p.a. (annualised) over the past 5 years, with no dividends paid. + +**What looks good:** + +* AIS is one of the rare occasions where what is basically a small-cap “explorer/producer” is profitable with still plenty of potential built-in for share price growth, and also has existing operations in place to provide extra exploration & drilling cashflow. Normally companies of this size are either heavily in debt or relying on more frequent capital raises simply to exist in the hopes of striking a discovery; AIS has at least several good, profitable years “built in” that gives it a buffer to extend life of mine operations. +* Rising prices of both copper and gold have been working in AIS’ favour in the background for the latter half of 2021 & beginnings of 2022. Copper reached record highs in March 2022 at over $4.7 USD per pound and shows no sign of slowing down, with global supply deficits cites in the near-term due to its status as a key component for the renewables & electric vehicles boom: + +[DAMN, THOSE ARE SOME ‘HOT COPPER’… PRICES. ](https://preview.redd.it/8dvw4mc0kfo81.png?width=934&format=png&auto=webp&s=b2fe7af78bb97d59224cd03d962677bc038078f3) + +* Likewise, gold broke out of a slump to start 2022 as well, with global inflation fears & conflict between Russia and the Ukraine triggering a flee to its supposed “safe-haven” nature. It has approached the fabled $2,000 USD mark at several points, and given continued instability may finally crack the barrier in the near future. Both of these should add substantially to AIS’ bottom line in its upcoming financials and may trigger a re-rate: + +https://preview.redd.it/hewarku1kfo81.png?width=933&format=png&auto=webp&s=90199546ae4d5e6ee76beffcb4cd21a12dec6c06 + +* Aeris has additional resource deposits looking to come online in the coming months in mid 2022, which should help raise some of the current declining copper grades being achieved at Tritton substantially. +* Initially, the company has unveiled maiden Constellation resource estimates of 3.3 million tonnes at 1.4% copper grades and a total of 47,000 tonnes of copper. With updated results and estimates due later in the year, positive announcements from these should help improve sentiment further and allay some concerns about remaining quantities of resource: + +https://preview.redd.it/mavkys93kfo81.png?width=721&format=png&auto=webp&s=e7bc6d9b24daac6f9178c1f3842da31fc04adf54 + +* The Budgerygar deposit has given higher grade indications, with its mineral estimate coming in at 1.7%. This should be up, running, and adding to production levels in the coming months. +* Lastly, its other prospective project, Avoca Tank is a small, high-grade deposit with an estimated mine life of 4 years. Its 2.6% grades are planned to be mixed in/topped up to the existing Tritton production to help increase overall grades and profitability as well. +* Aeris is priced well based on book value of its assets, with total assets of around $200 million and a market cap of just over $300 million. Throw in a P/E ratio of around 6 based on estimated updated earnings, and again, given its assets and profitability, it looks “cheap” as far as all major fundamentals for a producing miner go. +* AIS has paid off plenty of debt over the past couple of years – including the remainder of its outstanding balance recently – and is currently debt-free. + +https://preview.redd.it/a58vxgx5kfo81.png?width=838&format=png&auto=webp&s=43910dcd8d1112eb1a21630c90e1418e7b64e574 + +* The company also has accumulated tax losses of around $300 million on its books which can be claimed to increase profitability moving forward. +* As of its most recent financials, AIS has clocked up around $75 million in cash on its balance sheet. This is impressive to end up with even while they have been spending pretty significant dollars for a company of this size on exploration & growth activities. It gives them some flexibility in ways to act moving forward, for further exploration or even towards funding a (potential) small acquisition if one makes sense. +* AIS was selected to be added to the All Ordinaries index in March 2022 rebalance, which may finally garner it a few extra eyeballs from funds and other institutional investors. +* The company is coming of a series of down quarters with low grades and production numbers which likely aren’t representative of its true value moving forward. The fact that its share price has stagnated more than outright tumbled has shown that there is a fairly solid baseline of support for the stock – all it may need is a little extra push. +* In general, AIS management of doing a good job of remaining profitable while working with a major ore body with declining grades and conducting fairly major expansion & exploration activities. This bodes well moving forward, as long as prices for their core commodities remain relatively high. +* While most may be after AIS for its status as a copper miner, the Cracow gold mine has proven a solid acquisition that has allowed the company to pay down its existing debt and finance its copper projects. This again reflects well on management’s ability to make solid and well-though-out acquisitions without frittering away money carelessly. + +**What doesn’t look good:** + +* Hedging costs/prices has proven to be a recent thorn in the company’s side. AIS management made some recent misjudgements in price hedging, as gold and copper values continued to rise yet the company was receiving locked-in lower than market prices for its resources. Its copper hedges (at 30%) wind up in the June quarter of 2022, while its gold hedges finish in the September quarter. + +https://preview.redd.it/llpycwpbkfo81.png?width=1323&format=png&auto=webp&s=47cdddf6dddd3f80ac4232ad224d7adc60f82bb7 + +* This has been unfortunate on the gold side in particular, as AIS hedged 70% of their gold production for the period. With 5,250oz of gold hedged at $2,538 (AUD), at current prices this has likely cost the company millions of dollars – and will likely do so even more in the near future if prices hold & global inflation fears linger. +* Covid-19 looks to have had caused lingering issues with staffing levels that continued through the latter half of 2021 and into early 2022, which may result in bother lower production & contribute to yet higher AISC costs over the coming quarter/for the financial year. AIS gave indication that this would factor in for January & February of 2022 at least. +* The issue of high AISC issues eating into profit margins is one that’s been prevalent across the Australian mining industry in general over the past year+, with increased labour, energy and other input costs all working in tandem to offset some of the profitability of rising prices for materials. +* AIS reported AISC (god, these two acronyms being similar for this company is annoying 😅) for gold of $1,563 AUD in its December 2021 quarter and $4.68 AUD per pound for its copper (ouch), which may not be sustainable & need to be decreased as much per possible moving forward. +* There’s no denying that the Tritton mine has been producing some of its lowest-ever copper grades recently. It’s imperative for AIS to get its expansion projects up and running smoothly and within reasonable budgets, as any delays will mean that the ‘race against time’ for its sustainable profitability becomes even more urgent. +* An estimated spend of \~$50 million of capex for development of their mine life extension projects at Tritton is pretty eye-watering. +* Simply put, AIS’ share price performance has not tracked performance-wise with the rising price of copper and gold. While most other copper and gold miners across the ASX outside of those who have had disastrous operational issues have climbed substantially, Aeris’ has instead continued to trend gradually downwards with the market showing little enthusiasm for the stock in spite of positive macro sentiment for its core commodities. +* Life of mine appears to be the main concern that is holding retail investment back, with a lack of awareness/faith in its extension projects. Money may instead simply be ‘sitting on the sidelines’ and waiting to see proof by way of volume numbers, meaning the share price may not turn around any time soon. +* There has been minimal insider buying of shares on market over the past year, even as the share price has gradually drifted down. A dose of on-market buying by management may help provide some confidence given the share price is allegedly looking so ‘cheap’. Insiders also only own 3.8% of the shares on issue: + +https://preview.redd.it/bkx8mjbikfo81.png?width=846&format=png&auto=webp&s=96c3794779646a86b112513036ee1a731d7c2e2b + +* The sheer amount of share dilution in AIS’ stock no doubt also plays a role. The company currently has over 2.2 billion shares on issue, with the hefty amount of volume needed to sustain positive share price movement and break through resistance all contributing to its inability to gain any ground. +* There remains some uncertainty about the company’s stance in terms of mergers & acquisitions. It was rumoured to be involved in talks around making a play for Glencore’s CSA mine (which was later snapped up by international firm Metals Acquisition Corp), which did not happen, and it’s been expected to make one for a while yet nothing appears to be in the pipeline… and so, life of mine concerns remain. +* Delays in assay return times are another compounding negative factor the company has cited, which again are likely to delay decision-making as well as keep a more extended lid on public market sentiment as they’re having to push back result release dates even further. + +**Summary:** Much like its share price, AIS at the moment sits in the middle of a sort of awkward ‘transition’ phase as it has to balance between maintaining a feasible level of profit from its current operations while also pumping in significant amounts of capex to ramp up its profitability. + +As always, the market fears uncertainty, and there’s a level of built-in uncertainty that seems to be baked into the company’s share price. This has combined to result in one of the more unusual disconnects between fundamentals and share price performance in the resources sector on the ASX. + +Aeris operates with two booming commodities, is profitable, has shown good debt management, and has outlined clear plans to boost their near-term profitability in clear headline bullet points for everyone to see. + +And yet, the company sits at a market cap well below that of both many unprofitable listed companies and/or other mineral explorers yet to earn a single cent in revenue. + +It certainly doesn’t look outrageously-priced even among its other ASX copper-centric peers, either: + +https://preview.redd.it/y2zs0eglkfo81.png?width=1016&format=png&auto=webp&s=0e2dbaa774107bb471c1392f1fffbf5577f191d8 + +AIS also seems to be suffering from a certain level of confusion about its nature as a company amongst many investors. + +Most companies down this smaller end of the spectrum are expected to specialise and then promote one material specifically to draw in bulls about that particular commodity – be it lithium, iron ore, copper or anything else. + +Its ‘dual-brand’ nature of being half gold/half copper (even though it isn’t, really) makes it harder for many to value at a glance, and counter-intuitively might be working against it from a share price perspective. + +Sprinkle in its round of seemingly-declining production figures in terms of both volume & AISC for those having a quick glance at the stats, as well as its chart, makes AIS look like a company in decline as a result. + +The dilution mentioned multiple times above also likely doesn’t help. It creates the fear that this company might be an “annual cap-raiser” that will struggle to gain ground, and lead people to assume there’s better investments even elsewhere in the same sector. + +This of course doesn’t tell the whole story. + +**Conclusion:** Assuming Aeris Resources can keep to its schedule targets for its additional Tritton feeds and start showing increased copper grades flowing through in its reports, this could re-rate as soon as third-quarter of calendar year 2022. + +It’s got seemingly-good management and macro factors for both of its core commodities working strongly in its favour; much will come down to how much the increased input and labour costs end up factoring in to AISC levels. + +While you could potentially jump in this now and gamble on its next results being strong purely off the back of commodity price increases, I’d personally hold off for now, to wait and see what the figures actually look like. + +Although in doing this you might miss out on the initial share price spike should the numbers look rosy, I’d rather see proof that things have turned the corner and then put some money in for the next few years afterwards even if it means costing myself some initial profits. + +The market in the past has shown fairly lukewarm responses to otherwise good results from AIS, and unfortunately sentiment does still matter in terms of the profits you can make on smallcaps even if their solid fundamentals say otherwise. + +I personally currently hold rival copper producer Sandfire Resources (SFR) in [my portfolio](https://ausinvestors.com/current-portfolio/) as I am bullish on copper in general, and they themselves have already demonstrated in recent reports early in 2022 just how much input prices (such as power) can put a drain on a company’s profitability. + +I’d thus rather want to see if the same case applies to AIS before chucking my money in. + +Link to web version: [https://ausinvestors.com/ais-stock-of-the-week/](https://ausinvestors.com/ais-stock-of-the-week/) + +Vote for next week's Random Stonk of the Week: [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +Links to previous Stonks of the Week: [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +Company website: [https://www.aerisresources.com.au/](https://www.aerisresources.com.au/) + +MarketIndex page: [https://www.marketindex.com.au/asx/ais](https://www.marketindex.com.au/asx/ais) + +Feel free to add your own opinions on AIS in the comments below. + +Would you buy this stock? Why or why not? Feel free to vote in the poll. + +[View Poll](https://www.reddit.com/poll/ti8o2g) +First time posting here. Thought I would share $EGL with you guys. Now it’s not as sexy as uranium or LKE but there are some exciting things happening. Firstly I’ll give you some FY21 highlights. + +- sub $30 million MC +- revenue $46 million (24% up) +- npat $1.7 million +- cashflow positive +- successful PFAS separation and concentration pilot trials with Victoria University + +The business has a few different sectors. The most exciting for me is EGL Water but I’ll get to that shortly. + +1. Baltic Inlet & Exhaust Systems + +“Baltec IES supports the gas turbine industry in its role in assisting the transition from coal- powered to renewable energy production. Tailoring products and custom designs specifically to meet clients’ requirements” + +Revenue in this business up 73% to $19.2 million with another $10 million work in had already for FY22 + +2. Tomlinson Energy Service + +“Tomlinson Energy Service (TES) offers a network of service offices across Australia providing 24/7 service, maintenance and repairs of both proprietary equipment and other OEM equipment.” Basically industrial/commercial steam boilers. Provides essential services to hospitals and food manufacturers. + +Revenue was up 8% but pleasingly EBIT went up 55% + +3. Total Air Pollution Control + +“TAPC designs, manufactures +and services flue gas treatment systems which prevent harmful contaminants being discharged into the atmosphere.” + +Revenue was down 15% but was explained that they are targeting more repeatable higher margin business and that showed with an increase in EBIT of 190%. They have just been awarded a $5 million contract for an emissions system design and supply for a lithium refinery. + +**Now for the part I am most excited about. They have a solid exisiting business and that’s reason enough to look closely at EGL but I think the next part is where we could see an explosion of growth in the company. + +4. EGL WATER + +“EGL Water division has enhanced patented technology designed to protect our environment by the removal of Per- and polyfluoroalkyl chemical substances (PFAS) from contaminated water.” + +The recent successful pilot study with Victoria University has led to a commercial trial with Reclaim waste at their EPA licensed facility. + +From their recent announcement; + +“The trials with Victoria University have enabled EGL to finalise the inputs into the treatment system to successfully separate PFAS from the liquid waste stream. The results exceeded expectations with samples of effluent 12-17 removing between 99.4% and 100% of regulated PFAS in the treatment process. This unique technology was developed and created as a direct benefit of the research partnership between Victoria University and EGL over the course of the last 2 years. + +After 2 years of pilot trials building the understanding and refining the separation process the excellent results achieved have given EGL the confidence to move forward to the commercialisation stage of the process. A trial plant capable of treating 50,000 litres per day will be mobilized to Reclaim Waste in the coming weeks for the trial to commence following the EPA licence being granted. Each batch processed will be laboratory tested and certified as to the effectiveness of the process on significant volumes of PFAS contaminated liquid waste. + +If the separation process is successful in removing regulated PFAS below the required levels EGL will use its own in-house design, drafting and engineering services to fabricate its first commercial plant.” + +If successful this could potentially lead to some huge contracts. $SDV is a company that went from sub 10 cents to 90 cents based on their PFAS water services. It currently has a market cap of around $150 million with very similar revenue ($42 million vs $46 million) & npat ($3.5 million vs $1.7 million). + +At sub $30 million market cap I believe there is a lot of upside to come. If you’d like me to do an overview of my other favorites let me know. Peace +I recently mined a tiny amount of bitcoin and I was wondering if there was a way or some sort of site to convert this to stocks without a bank account and then convert it back to crypto(btc) to be able to pay for "stuff" I'm hopefully looking to make a higher trade output and faster cash then by mining because my current mining profits are a millionth of a cent because I don't have a proper miner +Seen portfolio drop by 73% from ATH, and it keeps dropping. What are some reasons to hold? And how is this not a bubble bursting? Yes I believe in the tech etc. and that’s why I’ve been holding but at the end of the day it’s about making money, and if it continues to fall I will no longer be in the green. +I’ve learnt the hard way. + +Today I have been overlooking my finances and I remember that I had invested in axs few months ago. Wow.... axs few months ago was about 3$... it’s now worth $117! + +Checks crypto wallet and discover I withdrew my investment ($150) to cover a date with a girl (now ex) for some drinks and some dinner. It’s now worth $5850 today. + +Not only did i miss some serious gains but i got cheated as well. + +Remember it’s not worth withdrawing for short term goals. Long term is the game. + +TL;DR: Took money out of crypto investment to put for date. Investment increased by 5900% 😢 +Hi, me and my partner got an offer accepted on a house back in April, anticipating the rate rises we tried to move the mortgage application swiftly through our broker. + +He assured us he locked the rate with the bank (this when the BoE base rate was at 1%, which now has increased to 1,75%). After many weeks dragging his feet he now informed us that our application was rejected by the bank since he missed the application period. + +The only option now is to reapply and be subject to the current market rate (significantly higher, prohibitive to us now), or walk away. What are my options regarding some kind of compensation from the broker firm? + +Feel helpless and totally done by this bellend who has ONE job to do! +I’m 23, in the north of England, and currently earning around £27k working for a medical regulator. The money isn’t bad for my age but career progression is limited and I would like to earn more money, mainly so that I can live alone instead of in a flatshare. + +I’m a little lost in terms of career paths (I have a geography degree, heard all of the jokes) and regret not studying something more valuable like dentistry. + +As I’m really not sure what I want to do/what I’m interested in (thanks depression) I’d like to hear what jobs people who earn over 30k are doing and how they got there? + +ETA: Thank you for all your comments it’s been very helpful, I think I’ve had a very sheltered life because I wasn’t aware of a number of these options + +Looking for a position in the civil service or another regulator seems like a logical first step and I’m going to start looking into GIS and accountancy courses while I have extra free time for longer term prospects + +I’ve also realised I need to stop listening to other people’s complaints about money and career progression and stop internalising them + +I also think I need to revisit flat searching at some point because apparently I don’t need to be in a flatshare 😬 going to see where all my money goes this month +This infographic is a really interesting because it shows the unyielding march of investors towards passive. + +[https://tradingqna.com/t/the-share-of-index-mutual-funds-in-the-us-stock-market/42531](https://tradingqna.com/t/the-share-of-index-mutual-funds-in-the-us-stock-market/42531) + +In the meanwhile in India, we are having our own closet index revolution. 107 stocks now have HDFC as the top holding. + +All mutual fund managers are now doing is to by the top 10-15 holdings of the index and playing around with the remaining small monies. +[https://www.livemint.com/Money/Lnx9v7if5WA4mj6d3putkM/Why-HDFC-Bank-is-the-top-holding-for-107-equity-diversified.html](https://www.livemint.com/Money/Lnx9v7if5WA4mj6d3putkM/Why-HDFC-Bank-is-the-top-holding-for-107-equity-diversified.html) +28th July 2018 + +Hello India investments, + +I'm back again with my analysis and thought process in the current market. + +I had posted here in end of January and also end of may regarding what's happening with Smallcap and Midcap index. + +The correction has been brutal in Nifty Smallcap 100, which fell from 9657 to 6923 on 19th July 2018. That's a drop of whopping 28.4 percent. + +The story is similar in NIFTY Midcap 100. It crashed roughly 24 percent. + +The correction was so brutal that in Nifty Smallcap 100, only 14 stocks were above 200 DMA and 86 were well below, most 50 percent below. + +If my memory serves me correct, before the last elections in 2014, there was an almighty collapse in NIFTY Smallcap of 32 percent. And that was the time I picked up some gems which gave me multibagger returns. + +I personally feel that this correction has been brutally overdone and a lot of great companies are avlaible now at PE of 3 to 10. As thus, instead of fear, we should be picking up and selecting the new multibaggers. + +I'm especially bullish on Ruchira Paper, Joindre, Rain Industries, Avanti Feeds, uflex, thirumalai chem, redington, imfa, jm financial, Phillips carbon, pfc, REC, tinplate, vedanta, capital first and also LEEL. + +Most of these stocks have great managements except LEEL and the PE reflects that. Others have been hammered. + +Amy opinions??? + +And any beaten down gems you see in the market with low PE and high EPS growth or revenue growth. + +Thanks and best regards. + +Replies will. Be appreciated. +DSP launches Nifty50 Index fund and Nifty Next50 Index fund. The NFO is scheduled to open on February 11 and close on February 15, 2019. + +More and more AMCs joining the passive-funds wagon. + +[et](https://economictimes.indiatimes.com/markets/stocks/news/dsp-launches-nifty50-index-fund-and-nifty-next50-index-fund/articleshow/67854200.cms) +The following are the kinds of debt funds available which we can use in our debt portion of our portfolios (in addition to PPF, EPF, FD, RD etc) + + a. liquid/overnight + b. ultrashort + c. short + d. medium + e. gilt + f. dynamic + g. credit risk + +Since the primary function of the fixed income portion of the portfolio is capital protection and not returns, the general recommendation is to primarily use liquid/ultra short term debt funds. + +I am curious to know what debt funds do all of you use. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello. I was reading about BRRRR on this subreddit, and something in particular has disturbed me about the concept (so far). Particularly, the feasibility of your rental income covering or exceeding the ultimate mortgage on the dwelling. This is a crucial component. + +Here's an example: I own a building right now that I purchased for $350,000 and that I can currently appraise for about $629,000. Now, I'm facing two options - sell the house outright and use the equity (about $385,000) to roll into my primary dwelling, or refinance at 75% (about $470,000) and do the same thing with the equity. There's a problem with all of this. The monthly mortage for this house will be $3,300, plus taxes and insurance are up in the $4,200 range. This is for a three bedroom house in the NYC metro area. + +There is literally no fathomable way that I could ever rent this house at $4,200 per month, nor would I want to. I would be inviting people who are likely to default on the rent, and besides, who would ever be able to come up with $12,000 to cover the first last and deposit escrows? + +Something feels completely wrong with these numbers. Is it just that they're upside-down because of the NY market? I would much rather buy, rehab, and sell than get involved in renting to single families. + +What's your insight? +The Robinhood stock has recently absolutely exploded. + +Despite this buzz, please be careful. This spike isn’t sustainable and some people wil be left holding the bag. This is the classic FOMO move, and those who are too greedy, will take losses. + +You can participate in this, but remember this if anything from this: + +**Invest what you’re willing to lose.** Don’t get too excited and don’t drop money that you aren’t ready to lose. + +That’s all. Stay safe. +Hello, I invested heavily into Verizon. I have 100 shares of AT&T. Wondering what people think of these divided paying stocks. Also what about Simon property Group SPG. Simon Property Group pays 7.20 a share. The thing is though is it worth it. Lately Verizon has been under 40.00 dollars a share. It has been scary to watch Verizon stock. I wonder if Verizon stock will go up to 100.00 dollars a share in two years maybe in three years, this is what I hope. Hope to hear from people soon. Please leave comments. +Hi all, + +I am very new to property market and first home buyer. I visited a property last week (land size around 800 m2) which is newly built and is pretty decent and my wife really liked. I am kind of rushed to do some action and have to put some offer next week. I have never made an offer for a property and going to do that for this property. I was just reading through the section 32 of the property and could see it as a restrictive covenant saying : "*only one dwelling house on the lot".* (surprisingly the conveyancer didn't say anything about this to me in his review). Looking at the document in the section 32, the covenant was set like 80 years ago on this lot and couple of others. + +I am buying as my first home and not for investing. Do you guys think this is big deal in the long time or if I plan to sell in 10 years for instance? + +Thanks in advance! +I'm an Indian working in the IT industry in US client facing roles for the last 5 years after graduating as an ECE engineer in India. Currently, I'd like to pursue my masters in Australia and then settle there. + +As a person with no 'local experience', which one is worth more in terms of employment, a MBA or a specialized business degree like Business Analytics or Marketing? + +Also, does the uni chosen matters a lot in terms of post-studies employment? +I know time in the market beats timing the market, but I’m too scared to pull the trigger on my savings right now. + +I feel like poorly-planned US diplomacy and the Chinese regime in general is bound to cause conflict and economic disruption. I want to invest in both markets but I can’t imagine them seeing eye-to-eye any time soon. How do I overcome this? + +I’m terrified, but every day I wait is another day I’m out of the market. +Hello, still learning about everything and have a few questions im hoping someone can clear up. I understand calls and why someone might buy a $85 on a $80 strike for pennys on the dollor but why would someone buy a Put at $85 for a $80 strike if were expecting it to go down? Lets say i buy it for $85 and it drops to $70 like i thought. Why would my $85 put be worth anything if the price is at $70? There as to be something im missing.. +I recently received a loan for $xx,xxx and the loan was routed to my personal checking account but the next day my bank account was restricted. I can’t log in online or do anything for that matter I basically don’t have a bank account and Or money until the situation gets resolved. My paychecks are still being deposited but I can’t even touch the money I don’t know what to do help. + +Edit: I talked to the bank and they said the situation should be resolved as quick as 2 business days and well up to 10 days. It’s been 4 days so far but I can’t wait I got bills to pay! + +Edit2: I just want to thank everyone in this thread all of your advice was taking wholeheartedly. Apparently (without giving up to much information) the deposit was made with the wrong information, really didn’t know that was possible but so be it seems I have to wait the 10 days... +In addition to other assets, I am inheriting a small pension worth a lump sum of about $15,000. The paperwork I was provided gave me three options: + +1. Elect to have a lump sum paid to me with a mandatory 20% federal tax withholding +2. Elect to have an additional 10% voluntary federal tax withholding +3. Roll over the distribution to an IRA, by establishing an Inherited IRA under 402(c) + +\#2 is strange to me...why would anyone do this? + +What are the advantages and disadvantages of the options? + +&#x200B; + +If it's helpful, my salary is about $75k, and I do have an emergency fund, max out my Roth IRA, HSA, contribute 10% to an 457(b), and also have 6-7% put into a pension (work for the Gov.). My dad was 59.5 yo when he passed. He was no longer working and was receiving SSDI. + +I hope this is enough information. Thanks! +I (33) have found myself in a bit of a financial hole. I hit a pretty bad rough patch a few years ago and proceeded to wipe out my bank account while running up credit card debt. + +I currently have 17k in credit card debt. With less than 10k in the bank. I have a full time job that pays me ~1300 every other week. But with my payments and other bills it seems like I am stuck. It doesn't feel like I am putting any dents in my debt and cannot generate any savings. + +I have a retirement fund from my current job which I've been at for almost 3 years that has over 9k in it. Can I cash this in to help pay off my debt? + +I am aware there are penalties and taxes that have to be paid. But at the rate I am currently going I feel like I will not be able to make any significant dents in my debt without coming into a bit of money somehow. + +Any advice would be greatly appreciated +Hello everybody, + +So a year ago I was clueless of what I wanted to do in life so my father whose a driver suggested trucking. I only thought about the good money they make so I listened and applied to the nearest school. + +A year later, I finished truck driving school and I’m excited because I just started a good job in the trucking industry. + +The money is satisfying, but I realized I really want to become a State Trooper and work in the Law Enforcement field. + +I was wondering if you guys can give me financial advice to set myself up for success in the future. + +As of now I’m living in my grandparents basement paying $650 for rent and all my utilities. It’s a great way to save money but I’m not mentally happy so i been thinking about getting an apartment with my girlfriend. + +If you guys have any tips, financial advice, mental advice or anything can you guys leave a comment. + +What do I do next? + +What are the steps to success and financial freedom? + +Should I disregard trucking and stick to what I want to do (Law Enforcement)? +[https://www.cnbc.com/2019/07/03/stock-market-wall-street-in-focus-as-trade-optimism-fades.html](https://www.cnbc.com/2019/07/03/stock-market-wall-street-in-focus-as-trade-optimism-fades.html) +I switch between a 2002 subaru forester, 254k miles with a built in bed in the back for multi day climbing trips and a 1994 ford ranger with 201k miles for work. Those are my only 2 vehicles and gonna drive them into the ground:) +(Apologies for the length. And sorry if this isn't the right forum for this, but I've read that the normal fire forum isn't really the best place for this - they seem to be the "drive a 15 year old corolla, eat rice 6 days a week" type of "retirees") + +Very late 30s. Spouse and I make good incomes (combined a shade over 300k/yr) in relatively stable industries - but not in "potential for fuck you money" industries. 1.5m in assets, exclusive of a house owned outright. No kids. + +So, we don't have nearly enough in assets to fatFIRE now. We could probably FIRE it if we were thrifty, but, then again, that just feels like a path to boredom. + +So, that just prompts a very philosophical (admittedly very idiosyncratic) question: what the fuck do we do with ourselves? + +**bust ass to fatFIRE?** . We've been too risk averse in investing, so we have missed a lot of appreciation over the past 3-4 years. We don't face any realistic possibility of a truly massive windfall/income increases. So that just seems like we're a point where, many more years of aggressive earning/promotion-striving/saving/investing, we're just gilding a FIRE lilly at best, not really able to attain fatFIRE... + +**continue chugging along, just doing our jobs and saving on our way to normal retirement?** our lives aren't that bad - our jobs are cushy enough where, yeah, we're on the clock 40-50 hrs a week but that's it. and, as I hinted at above, in some ways it's the most financially sensible way to spend a chunk of the week anyways (since we're not at fatFIRE 'do whatever you want and you can do anything to keep yourself constantly entertained' levels). but, this is dissatisfying in itself since we'd presumably be engaging in "lifestyle creep" kind of spending to some degree which ties us to our jobs (i.e., we don't really "have" to work, but would be forced to by circumstances) + +&#x200B; + +anyone else wrestling with this? we're basically at the point in our lives where we're comfortable, secure, but not comfortable enough and not secure enough. sure, we have material aspirations that we could try to attain, but, then again, there's no real need to attain those aspirations, either. + +*tl;dr: we could probably retire tomorrow and live a very middle-middle class lifestyle, but we're not able to retire tomorrow and live in the manner to which our current incomes would support. what do you do?* +Just want to have a discussion on everyone's favorite stocks to sell cash covered puts on right now. A few weeks ago I was selling on NUGT, this last week i was selling BAC and NRZ. I usually sell one strike in the money and exit at about 80-90%. Also only selling 14 days out or less. What are you all doing? +Selling in the dead cat bounce days is for some explainable, but who’s buying? And why not in the red day (following day) or the day before. Does anyone think we hit the bottom and a random green day is marking the beginning of a steep recovery? +Can someone help me figure out if BK is a useful option? + +I am divorcing someone who has stolen everything possible to steal from me. He used my SSN for credit cards, loans, etc. Emptied my retirement through a series of fraudulent wire transfers and faked docs. + +Ive done all of the ID Theft reporting stuff... reported to the bureaus, every month I get fresh reports, and notice new fraud. I lock my credit accounts, and then I recently learned of the tax fraud -- years of fraudulent returns he filed. I'm dealing with IRS for that issue. + +I reported him when I filed divorce to the local police for forging my name on checks. nothing happened. Reported the fraudulent wire transfers to Secret Service, nothing happened. + +he was ordered to pay my divorce atty fees, and he has failed to do that, so my atty quit. + +He let his sister use my SSN, which has resulted in a fucked up picture when doing pre-employment background checks. She used my SSN to get an ID in another state, got 2 DUI, then stole from her employer. I am now engaged with pre employment background screening companies to get that shirt removed, as well as the other state dealing with THAT series of issues. + +He's not been arrested, despite delivering copies of the forged documents, affidavits from witnesses with their contact info, and this all continues. + +I can't get a decent job. I am 2 years behind on car payments. I'm on my 4th application for a change of my SSN number with SSA. + +I am scraping by, poor, depressed, and I'm trapped in a Kafka nightmare, but worse. + +Should I file for bankruptcy? + +Part of me doesn't even think it would help. BK doesn't change my SSN. + +The divorce isn't final yet. He is going to keep doing this until he is arrested. It has been nearly 5 years now of this, with no sign of abating. Police don't care. the IRS has been pretty good, actually, but they're not an enforcement agency. + +I don't have a social safety net. All bets for help or shelter with friends and family are off -- I cut contact with all of them when NONE OF them would help me after ex husband broke my nose and cheekbone. I'm totally on my own here. No kids. + +I'm not sure what to do. I actually don't have any credit cards. Just a student loan and an auto loan, both in default. And $70k in lawyer debt. + +I work under the table at a restaurant and make $1300/MO which only covers rent. I have foodstamps for food. I literally don't own anything else. I don't drive, I just park my car elsewhere once a week because I can't afford gas. I haven't given up my apartment because I know if I move, I won't find rent this cheap in my area (average rent is $2250 in my area) AND I'm unsure if I would be able to get a lease under my own name elsewhere at a later date with or without a room mate based on my credit. I don't have friends or family I could move in with or borrow from. + +I'm still looking for other work. I'm filing for my AA degree this week. I may be able to increase my hours next month, or get another restaurant job until things improve. + +Any help is appreciated. + +Edit::: My pre-marital income was from being a songwriter : https://www.reddit.com/r/personalfinance/comments/746lh0/z/dnwqlp2 + +Edit:;My divorce attorney retainer was $45k, the outstanding $70k is from the remaining balance : https://www.reddit.com/r/personalfinance/comments/746lh0/z/dnwnp4t + +Edit::; I sold a small house I inherited for the $45k retainer money. I now own no property at all, I rent + +Edit: While it is possible someone, SOMEWHERE is doing something at [insert acronym for agency] , This is why I remain doubtful: https://www.reddit.com/r/personalfinance/comments/746lh0/ex_committed_id_theft_fraud_embezzlemnt_5_years/dnwls9y +If so, what kind of lawyer and do you guys have a recommendation in Bay Area? + +So the back story is that, through my network I was introduced to this hardworking cofounder who really believe in his product. I like his idea and it seems like he is executing it quite well (so far). + +Fast forward now, I have a term sheet for an angel in my hand right now but all these legalese is making me dizzy. Hence, I need help. + +Edit: After googling and watching YouTube the whole night. I think I got pretty good grasp of what’s in the SAFE term sheet. It’s a pretty standard template. But, I will also reach out my contacts to find lawyers who are willing to work with individual angel. + +Thanks a bunch, guys! +Hello, + +I'm 22 years old. Dropped out of a 4 year when I was 18 bc I had a small marketing business going (more so independent contracting). I grew it the past 4 years awhile keeping my expenses low, besides being dumb and buying a Range Rover, and am now sitting just over $1m NW as of a few days ago. 70% of my NW is in ETH because I got lucky buying it at $49 a coin years ago + +I buy & sell watches as well. + +$710k in ETH + +$55k in Stock + +$150k in Watches + +$113k in Cash (Mostly from Selling my Range Rover) + +I'm looking to go back to college, probably NYU or USC, for computer science but mainly to network. Long term I want to be in VC. + +Looking at $150k - $200k for college. I'm going to community college first year and transferring in. + +It's likely I'll be able to keep my income up awhile in school but I will most definitely be prioritizing college life and networking. + +Do I take out loans and make the interest payments every month? Or do I work and pay cash? Or do I sell some of my position in ETH and pay cash? + +I guess my fear with selling ETH or Stock is especially with ETH, I know it'll go to $10k some day so I'd be basically short of so much money.. + +Rn between my marketing income and watches, I'm averaging $30k - $40k/mo in income before taxes. + +I have no doubt on my ability to make money in or after college so loans don't scare me much - but is it the best financial decision? + +\*MODS How can I get verified?\* +Ive been offered a new role (more senior level) in the same field of work paying 125K + Super. There is also a 10K bonus. As a comparison, Im currently on 85K + Super with no bonus. My current employer has offered me a promotion which would put me on about 95K. + +With the promotion, Id be doing the same duties as I would be in the new role I have been offered by another company which is paying much more. Unfortunately my current employer is known for paying quite below market in most areas. Also, there likely wont be opportunities for further promotion in my team from here. + +The money is obviously quite a big difference, but I absolutely love my current team. I have never worked with such great people before, other than the lower pay its a great company to work for. The current company is closer to home with nice benefits like a gym, free parking etc. Sometimes it doesnt even feel like work because we have such a great team bond and have so much fun while working together. Its very much like a family and I am genuinely happy there. Work/life balance is also fantastic. Id be incredibly sad to leave. + +The new company is a smaller company that is growing quickly, high growth potential and much more potential for career opportunities over time. As mentioned, pay is much better too. Ive done my research and it also seems like a good company to work for. + +Im really not sure what to do. Would I be an idiot to let this opportunity pass me by? I feel that way. The money would help me pay off my HECS, buy a house etc. But I genuinely dont know if Ill be as happy as in the new company as I am in my current company. + +Would appreciate anyones perspectives/thoughts +We’re attending an auction tomorrow, process has been pretty smooth with the REA keeping us informed of the process etc. We’ve been told that there’s two parties (including us) that have shown serious interest and have done their due diligence. + +Received a phone call today stating that a 3rd interested party attended the inspection on Saturday, they don’t have their finance and tried to submit an offer. This offer apparently surprised the vendors who, should they pass the property in on a vendor bid will be able to negotiate. + +This got me thinking...are we being played? Finance takes 24-48 hours from some lenders (ours was 24). + +Update: so turned out that the REA weren’t lying about anything, the “non-finance” couple were there plus the other party. The reserve was at what we were told and no vendor bids placed over $760 as promised. We got it up to $15k over our absolute max but the other party wouldn’t back down. In the end we weren’t prepared to pay over what we felt it was worth. Thanks for the comments though, really helped us strategise. +&#x200B; + +https://preview.redd.it/yxch6f0epfw91.png?width=2960&format=png&auto=webp&s=e5050f1832c708b2e64569f707889c1c60b6e54f + +**152M Short Interest** (from Ortex today) is **GREATER THAN** the number of shares Institutions, Mutual Funds, and ETFs hold -- by a wide margin of over 50M shares. Shorts are quite literally borrowing all but **11M** of the total available shares to borrow from Institutions, Mutual Funds, ETFs, and shares remaining for retail to DRS. + +**Shorts currently need to buy back almost every borrowable share held by someone else right now.** *Based only data we have access to* assuming insiders are not lending out their shares and DRS shares are locked. + +# BULLISH +Me and my spouse work in the SF-Bay area. We have had a couple of windfall money opportunities with couple of companies going IPO. The first one let us buy a 2b/2b condo when we had no responsibilities. We are quite happy where we live but we need the extra space since we have kids. With the refinance we did recently, our current mortgage is only 1600. HOA and property tax included is about 2600 which is dirt cheap for the neighborhood we live in. + +Thanks to another windfall + savings, there is enough money to put down 20-25% for a 2M-2.2M home. We think we can get a decent 4b where we live. Total income is close to 550k in the family. We need the extra space. Education is top priority for us and we don't want to compromise on school districts. + +But a 2M home will cost about 10k a month in mortgage + insurance + property tax. We just cant wrap my head around it. Going from 2.6k to 10k is just a shock to us. What advice do you have to make sure the decision is sound? What steps can I take to make sure I can be more confident about the purchase (Like savings, rainy day funds etc)? + +Another option is to go to a poor school district area and buy a bigger house for less but then save up for private school for the kids. What are your thoughts here? +About two weeks ago I was contacted and asked to offer security advice for a project. I was asked to sign an NDA in order to discuss the project itself, something I am reluctant to do, in general. Once I received the NDA however, it became obvious that the project was related to verifying the identity of Satoshi Nakamoto. I immediately declined the offer, declined to participate and declined to sign the NDA. + +I'm sure many people will think I was wrong to decline the "opportunity" to verify SN's identity. From my perspective, the request for me to verify his/her/their identity is in itself an appeal to authority. It is replacing public cryptographic proof with endorsement by a third party. If SN wants to "prove" their identity, they don't need an "authority" to do so. They can do it in a public, open manner. To ask people in the space who have a reputation to stake that reputation and vouch for SN's identity raises many red flags in my mind. + +I don't know if Craig Wright is SN. I don't care and I don't want to know. + +As I have expressed many times in the past, I think the identity of Satoshi Nakamoto does not matter. More importantly I think it serves to distract from the fact that bitcoin is not controlled by anyone and is not a system of Appeal-to-Authority. Identifying the creator only serves to feed the appeal-to-authority crowd, as if SN is some kind of infallible prophet, or has any say over bitcoin's future. + +Identity and authority are distractions from a system of mathematical proof that does not require trust. This is not a telenovela. Bitcoin is a neutral framework of trust that can bring financial empowerment to billions of people. It works because it doesn't depend on any authority. Not even Satoshi's. + +Back to work. +Background: I have several friends who were basically born FI. While they come from good families who wouldn’t let them freeload / coast, ultimately when their parents die they will inherit fortunes. They all work very hard in stressful jobs as part of the corporate rat race. This is what I don’t understand. If I was in their situation, I would do something easier / meaningful / interesting to tie me over until the inheritance windfall, and most likely be much happier and healthier for it. I can only guess that they place considerable value on being seen by others (including their successful parents) to be successful (or at least work hard), and that this is more important than money for them. + +(I’m aware I could just ask them, but I don’t think I’d get a straight answer). +https://clep.collegeboard.org + +The CLEP exams are run the CollegeBoard, the same company that does ACTs. Depending on the school’s policy, [can be searched here](https://clep.collegeboard.org/school-policy-search), after passing the test (usually only requires 50-60%) the school will usually give you 4 credits per tests. At a cost of about $85 per test, this is a great alternative for those early generals instead of paying hundreds per credit for the class. + +And as I’m sure most of the military knows, you guys get to take them for free! +https://www.tesla.com/blog/update-taking-tesla-private?redirect=no + +Looks like this wasn't a whim. But also doesn't seem as secured as a 'done deal left up to the vote'.... somewhere in the middle. +EDIT 2 - This goes on the top, because it's important: I am not in ANY way saying that we should not be hyped. I am saying that even if this *one* thing we are hyped about does not happen, there is still a LOT to be hyped about! So *if* there is no crypto dividend, there is no need to be disappointed. Because GME has hype for miles. + + + +I just want to take a moment to acknowledge the fact that many here are hyped over the possibility of GameStop issuing a crypto dividend. + +TBH, it would be awesome. And according to everything we know, it would absolutely screw the hedgies. + +That being said, I think it’s worth reminding everyone: + +*Gamestop may not have any plan to issue any dividend, crypto or otherwise.* + +This is an assumption on our part, based solely on the facts that it would be awesome, and it would most likely launch the rocket. + +But in the event that they do not issue a dividend, don’t let it being you down. A crypto dividend isn’t the only thing that will launch us to the moon. *It’s one of many different potential triggers that could do it.* + +We have a lot of big brains on this sub that compile all kinds of great data, pointing to one potential trigger or another. Apes get hyped over a particular trigger, and then disappointment follows when that doesn’t happen. + +Remember 6/9? Remember how low so many felt when there were no big announcements or sharing of actual vote counts? That was a dark day here on this sub, and only because apes got too hyped over one potential trigger. Let’s not do that over the dividend thing, OK? + +Trust the process, and trust RC. He has our backs. If they decide to issue a dividend, awesome. I will be more jacked than ever. + +But if there is no such dividend? Totally fine. Because *the shorts still have to cover.* + +Mama says HODL! 🥰 + +Edit: I’m not saying not to be hyped. We should always be hyped. But don’t get disappointed if one specific thing we are hyped for doesn’t work out. + +If the disappointment doesn’t get to you, that’s awesome. Keep those diamond hands! But I saw a lot (and I mean a LOT) of posters here act as if the MOASS was canceled when RC didn’t announce the vote count at the shareholders meetings. I just don’t want to see anyone get disappointed or feel any FUD if there is no crypto dividend. There is no need for FUD. + +💎 🙌 🚀 +We're looking to a buy a flat in Edinburgh and one candidate is a new build from Canonmills Garden. + +The remaining flats range between £320,000 & £350,000, with a square footage between 700 sq ft and 900 sq ft (more or less). + +Here's a rightmove link to a possible flat: [https://www.rightmove.co.uk/properties/90162695#/](https://www.rightmove.co.uk/properties/90162695#/) + +They also have an incentive program I think with a max value of £8,000. The incentive program feels like a trap to make you buy the flat when they could've decreased the overall cost of the flat. + +Now I don't like the fact that you can't see the flat before, especially since the valuation or the epc ratings are not guaranteed; although I suppose the EPC rating will be quite good (C at least, most likely B), but I would hate to buy the flat and then find out that the valuation is 10% lower. + +I saw that the building is developed by Artisan but haven't found too many reviews about them, does anyone know the state of their new builds or how fast they respond when repairs are needed? + +I've also sent them an email with some questions but they're slow to respond. + +Also from my understanding buying a new build should be easier than buying traditionally, but are there any other hidden costs that are not obvious? (like the walls not being painted or white goods not included..etc?) + +Furthermore I found another flat really close to the zone (in the Powderhall area) with a similar home valuation (£330,000), similar size, epc ratings..etc; + +[https://espc.com/property/6-7-powderhall-brae-edinburgh-eh7-4ge/35909815](https://espc.com/property/6-7-powderhall-brae-edinburgh-eh7-4ge/35909815) + +I know the flat is currently under offer but if something similar pops-up in the area should I be considering the "traditional" flat over the new build? + +Bonus question: with the current market, in Edinburgh, do you guys know how much over the valuation you need to offer to get the flat (I heard it's about 7% average but can't really validate the number). + +I know the questions are a bit all over the place, I'm trying to figure out the situation as well. + +Thanks and take care. +We live in a first floor flat and we have joint freehold (i think thats the term?) with our downstairs neighbours. + +Financially we are in a good position, but not good enough to buy downstairs in cash by any means. We could certainly service a much higher mortgage. + +Legally where would we stand with something like this? If we wanted to buy to turn back into a full property, would we have to take out a separate mortgage etc? Could we somehow put it on our current mortgage? What if we wanted to rent it out would we need a btl mortage on the whole property to rent out downstairs? + +Any help or advice much appreciated +I have been creating NFTs somewhat successfully in this space for the past 6 months. Before I started creating, I was addicted to Superstonk but I haven’t been here as much since I shifted my focus to creating. + +That said, I’m taking a break from creating for awhile and, while I’m away, I wanted to share some insights and new speculation I have about GameStop from the perspective of someone who’s been creating NFTs and working closely with GME creators since long before the marketplace launched. + +I also want to be clear that I’m NOT a GameStop creator. I really want to be one, but honestly, my collection goes against many of their terms because it’s almost entirely about GME 😅. I’m not here to talk about my collection, but I do want to make this clear. + +That said, I have worked closely with 50+ GMEM creators and I just want to share my tit jacking perspective on things in case anyone is interested. + +**Pokemon** + +I don’t see VeVe talked about much here, but veve runs on IMX and currently has the license for Marvel’s metaverse/blockchain products. I learned about this from another anon creator who is a community mod in the IMX discord. + +He also pointed out to me that the team Veve is building is clearly structured to bring in Pokémon as well if they haven’t already. + +Their head of licensing is Al Kahn who brought Pokémon and Yugioh to the US and their CEO is David Yu who spent years working in licensing on the Pokémon card side. + +I believe Pokémon is coming to GameStop, but it might be a minute before they do. I’m looking to games like Illuvium to be the prototype for Pokémon to create their own metaverse. + +I think Pokemon’s move here is to wait and let the tech work out any bugs and kinks before diving in themselves. + +This is similar to what they did with PokémonGo and Niantic. Niantic created a game called Ingress which is an AR geolocation game that was eventually the foundation for PokémonGo. + +Ingress was the prototype that brought in Pokémongo. + +I think Illuvium will be the same for Pokémon’s inevitable blockchain move and I’m excited to play it! + +*Side note, Niantic, is already working with GameStop marketplace creators like Hooties. I don’t know exactly what they’re doing, but games like PokémonGo is the perfect game for the blockchain. In fact, I believe the reason people didn’t like PokémonGo when it came out was, in part, due to the fact that you couldnt really own your Pokémon. There were lots of other factors too, but that was one of the reasons I was disappointed and I didn’t know anything about crypto or blockchain back then.* + +**AR NFTs & GameStop’s mobile wallet** + +I believe the GME mobile wallet will have an AR feature built directly into it. + +Tools like Blender make creating AR NFTs for solo creators. AND many Marvel NFTs on IMX/Veve are already AR equipped. + +There is not a simple solution to share pictures with these AR NFTs currently. I have collabs with creators that do AR work and what they’re creating is amazing! + +This is speculation, but I remember when Pokémongo came out and people went crazy sharing AR photos. It was a major factor in Pokémongo going viral. + +I think AR NFTs are going to go viral in a similar way when the mobile wallet drops. Currently, however, there needs to be a solution that makes this easy for people to share because right now you have to go to Loopring explorer on your phone, find the NFT, click on it, then take a photo. There’s no solution within a wallet for something like this. + +I think the GameStop mobile wallet will have this and probably many other features built directly into it. + +**Lego** + +I recommend everyone read the book “Brick by Brick” which is about Lego’s turnaround from near bankruptcy in the 2000s. I’m 99% sure at this point that RC’s “brick by brick” tweet was about this this book. + +Essentially, Lego’s plan to turn their business around was to drop expensive and risky projects (like a TV show) and instead focus on the things their most loyal fans (AFOLs or Adult Fans of Lego) wanted to build and create. They knew that if their loyal fans wanted these things, then there were probably millions of kids around the world that would as well. From there, they created sets out of the ideas from their biggest fans and built their company back up “brick by brick”. There’s more to it than this, but this was my takeaway. + +I’ve seen this work on a small scale with my collection as parents come to me and say they love collecting my NFTs with their kids. + +This is what GameStop is doing with their NFT marketplace. They’re letting their most loyal customers and fans be their guide on what direction they should take. There are so many Ape creators on the marketplace right now that are creating their own vision for what they want out of NFTs and gaming. GameStop is letting them create, listening to what they want and need to realize their visions and building tools to support them. Imo, when you look at the turnaround even without this squeeze, this is a crash-proof way to turn a business around and, by being so early to a space considered to be the next internet, GameStop is truly in a position to be the largest entertainment company in the world in the next 5-10 years. + +All in all, there are several billion dollar ideas that come with GameStops move to crypto and the cool part for them is they can sit back and let some of the best artists in the world make this stuff. They just need to have a wallet/marketplace that makes things easy for creators, collectors and players to collect, create, play, share, trade and sell. That’s exactly what they’re doing! + +**TLDR;** + +Veve runs on Immutable and currently partners with Marvel for digital collectibles (NFTs) and their team is made up of former Pokémon execs, making them the most likely candidate to win the Pokémon metaverse license if they haven’t already. + +GameStop’s mobile wallet will likely have a feature for taking pics and sharing AR NFTs. The opportunity for virality with AR is massive as we saw with PokémonGo in 2016 and brands like Marvel already have AR ready NFT assets. + +The book “Brick by Brick” about Lego’s turnaround in the 2000s gives us a good look at what GameStop is doing with this turnaround and is likely the inspiration behind their strategy. + +I don’t come around here as much since I started creating and it’s been a wild ride creating in this space for the past 6 months! But I’ve learned so much about what GameStop is creating and I’ve never been more bullish! + +I hope you enjoyed this and I’d love to hear your thoughts! +Oh, my God...uncontrollable laughter over here. From the "punishment should fit the crime" files. The FI/ER connections are endless. + +>"All Propst had left was this final denouncement of what his creation had become: "The cubicle-izing of people in modern corporations is monolithic insanity." + +Nobody is to stone anybody until I blow this whistle. + +TWEEEEEEEEET! + +[The Man Who Invented The Cubicle Went To His Grave Hating What His Creation Had Become](http://www.businessinsider.com/cubicle-inventor-propst-hated-creation-2014-10) + +Edit: holy fuck, people…I just googled "open office" to see what the shrieking was all about, and Jesus Christ…how do you not run amok with a machete in an environment like that? +https://www.economictimes.com/markets/stocks/news/worlds-top-investment-research-firm-finds-reliance-jios-first-profit-too-good-to-believe/articleshow/62817626.cms + +> Bernstein analysts pinned Jio's profit down to three factors: lower network costs possibly due to favorable tower-sharing deals, reduced interconnect fees and its method of accounting for depreciation which "stands out as an anomaly" when compared to global peers. +The title says everything, but I am just wondering that amid all the negative news and concerns all around, why the nifty is not falling? It is still within 10% of the all-time high. + +Or is it the effect of the corporate tax cuts? +I am currently having HDFC regalia first credit card and I don't think it is having any benefit at all ( no cashback or any other offer), no fee for lifetime is the only benefit that i can see in this card. +I need a cc that is having cashback ( don't care about the % as long as it is giving something back) and there should be 0 or low yearly fee. +Please suggest which card I should pick. Thank you. +EDIT 3 - I think this has moved well passed the point of on-topic advice about strategies and FI/investing and into the realm of "try X job" or "you made bad choices for this lifestyle, op!" - And it could probably do with a locking? Would love to keep it up and available though as i have saved a ton of very useful comments to peruse through in the coming days! Thanks again, all contributors! + +EDIT 2 - This has evolved. I can honestly state that I came here for some investment insights or help being pointed in the right direction to learn more, but it has taken on a form all its own. A few users mentioned it doesn't seem like it belongs. I think it did at first, but through the dialogues I have shared with the users perhaps not so much anymore. You have taken your time to break things down for me and be very specific while sometimes not holding back about your personal feelings toward my lifestyle. I mentioned in a comment that I view all feedback as constructive because to me, it is. I appreciate the tips and help and the personal anecdotes. Another user has mentioned that it seems the investment issues have been answered, and I agree. But I don't want this post to be removed by mods because I think it holds a lot of very valuable information about new/low-come trajectories that other users could find helpful. I know it helped me and has given me a ton of content to dive into over the next few days as I refine my strategies. From career advancement to personal advice to common-sense and cheers of encouragement; this has been a great experience. I have tried to respond to as many questions or comments as I could because I appreciate all the effort, but I likewise don't want to make the post seem spammie or hovering over someone else's valid questions or submissions. Thanks a ton to all who shared their opinions and advice with me. This is an amazing sub! + +Original: + +This is very different than most posts but nothing ventured.. + +The first bit of information: i make in one year what most posters seem to make in one month. I just did my taxes a bit ago and have added up my entire life's earnings. It is less than what a lot of you make "on the side". And i am well older than most. + +I'm 36 and i average about $14,000 USD per year. I have made $123,000 in lifetime earnings. I live in (at least pay taxes and on paper) the USA. + +My lifestyle is also vastly different than most. This is where i usually get ridiculed and verbally abused by inconsiderate x-uppers but the basics around my survival have been focused on experiencing life and the planet as much as possible. I have been homeless, and hungry. It has not always been a fun road. I WWOOF and couchsurf and volunteer in positions in places that provide me accommodation and food and have swung around the world on shoestring budgets in low-cost places for almost a decade. For most of the previous few, I was involved in adventure-tourism stints in Eastern Europe and the Balkans. I took tourists out camping and experiencing nature in exchange for a bunk in a basement and 2 square meals a day. I saved tip money/etc. I always save as much as possible - despite how little it is. + +Most of my income is generated in the summer months working educational exchanges and STEM camps around the US on case by case bases and earning around 7-10k in a few months. The rest i earn doing extremely random things that have zero stability or saving the scraps here and there. On average i am guessing i can save up/scrounge together about $200 in extra income per month from various jobs or day-labors. + +I currently have about $10,000 in cash spread out over a few bank accounts. I have no savings accounts or any investments. I have never contributed to a 401k or have any windfalls. I live out of a backpack, hold no property, do not own a vehicle, and my most expensive item i have ever owned has been whatever laptop or mobile phone i utilize. + +I have ~$60,000 in student debts that have been accumulating interest (they started around $40,000) but since i have never made enough to pay them back, they are currently on income-based resulting in zero monthly payments. I tried to break these down immediately after graduation and managed to dent them by $5,000 but it was ineffective and they still ballooned well past that within a few years. I have since abandoned ever being able to pay them off. I am only in year 3 of income-based. I will probably be looking at 17 more years of this lifestyle if i have any hope at all to see them gone. + +My degree has never resulted in anything positive, and i have abandoned that as well. Please don't assume i am lazy or a leech. I had submitted 1,873 job applications in 2 years. I tracked every single one, and wrote custom CV and covers for each. I could probably compile them into a compendium of failure but i have all documentation and saved rejection e-mail etc. It just never worked out. I'm not hurt about it. I just faced reality and had too much economic hardship so turned to my life on the go, for lack of a better phrase. I pay taxes. I do not use or abuse any services. I do not even have low-income healthcare. I utilize zero government services. Again, this is a serious post and not one to degrade those on less stable positions than yourself. + +That's the background and $ info. Here's my FI/RE question: + +I do not need much. If i could somehow generate about $500 in monthly income at some point that would place me in the FI department. I know i do not have near the capital to make that happen. So the issue here is that most posts concentrate on maximizing investments/etc. What can a polar opposite to the high-income/diverse-investment crowd in this sub do, to get to their place/version of what this sub is about? If anything - point me to resources, but again i searched and it doesn't seem to include someone like me. + +Much appreciated. +The 5 year chart is horrific (down about 18%). It dropped from $141/share to $128 in ONE day last week. It’s now at $125. + +Today it was announced that [IBM and Mcdonald’s are partnering up](https://www.foxbusiness.com/technology/ibm-mcdonalds-to-serve-up-automated-drive-thru-lanes-with-strategic-partnership) on an AI centric system for drive-thrus. There’s constantly news about IBM doing some really innovative things and getting into really groundbreaking technology like quantum computing. + +I think this stock more closely competes with other big tech stocks in the next 10 years, sue me. I know it’s not a popular opinion on here but I’m going to make it about 5% of my portfolio. +*Edit2: RIP inbox, 356 comments later. Really appreciate everyone's participation, I think it's been fruitful for us all.* + +*I did have a few comments regarding the holiday, only a couple but my response is as follows. For anyone looking to buy their first home, don't put your life on hold for the sake of the house, be sensible about it. We are living in slightly more difficult times with salaries not increasing the same as house prices but you should still allocate money to enjoy yourself!* + +*I previously had the mentality that I wouldn't go on holiday until I bought a house, let alone spend £5,000 (£2.5k each) on one. After going on that holiday and having 12 days abroad there's no way I would've rather saved it for a house deposit!* + +*Edit: All the lurkers are coming out! Appreciate all your responses guys. I think I often come to this sub and feel the same as some of you, I'm "2X but I'm not on £3X,000+, like the rest of people my age?!" What am I doing wrong?!* + +*I think all your comments have helped provide a slightly more accurate (it still is a finance sub after all) picture for us all* + +*Despite whatever situations we're in, I wish the best to you all and absolutely love this comment from /u/Evil_Berty* + +> **My advice would be “Don’t compare yourself to your peers, compare yourself today to you yesterday”. You seem like your on a good path and seem to have drive and goals. You’ll be fine** + + + + + +What's your salary? Savings? Location? Goals? Housing Situation? + +What's the status of the 18-25 year olds here that are on less than £25,000? + +A lot of the posts I see here are 21 year olds who are on £30,000 but what the rest of us muggles doing! + +Unfortunately I'm still part of the IT crowd on here! Although I did fall into it as a hobby. + +I'm 24, working IT support in a primary school on £21,000. I'm also two years into a Computing & IT degree with OU. Previously studied A Levels in sciences and a L3 BTEC in IT and then a L3 apprenticeship in IT. My partner a similar age in completely different role/sector on £25,000 & we're based the SE in the homes of mum & dad. + +We both have maxed our LISAs for the past two financial years so have £20,000 in total. And we both have £2,000 each in our emergency funds. + +Both autoenrolled into pensions and never looked at them so not entirely sure what's what with that. + +We've recently saved and then spent around £4,000 to £5,000 on a holiday. I think we spent maybe £2,000 on one in 2017. + +Money is now going towards the costs associated with buying a house, currently the goal is about £4,000 (that's excluding moving costs & furnishings) Once this target is hit I plan on funneling the money into the LISA to hopefully max out another year. Also towards another holiday and money is being drip fed into the emergency funds. + +We both have cars around the 10 years old mark and spend around £1000 p/a each on insurance, tax, MOT etc (excluding fuel). + +Partner has got debt (all 0% interest) down from a few thousand down to £200 which will be done with on the 27th. I have no debt other than paying for OU out of my own pocket (can't use the SLC due to interest and my religion) so it's £244 p/m (on 0% interest credit card). + +Plans? Both looking for new jobs, I've hit the ceiling of this place so need out and I'm looking for a salary of at least £25,000-£26,000. Partner is possibly changing from the same role but different sector so around the same salary is the target. + +After that, it's our first house! Our eyes are set on MK. And our budget is estimated at +£26,000 + £26,000 * 4.5 = £234,000 + £30,000 (LISA) = £264,000. A three bed in family friendly area would be nice. + +And that's me. Started the apprenticeship on £3.30p/h then £16,000 for a short while, then £19,000 and now £21,000. (This is the salary over two different job roles) + +Any tips? Advice? What's your situation? I feel like we've mastered our money quite well which is also pushing us for new jobs. There's only so much you can do with your current earnings until the next option is to earn more money. +Some listings in loopnet mention "rents range from $X to $Y". They don't mention anything about actual rents, tax and vacancy in the past year. Why would a seller's realtor not post these details in general? Is it because there is something shady about these properties? Is it to deter non-serious investors and encourage calls /mails from serious investors asking for details? + +I get that we can get tax details from the county website, but, it is easier for a seller to provide that information about a property he/she is trying to sell. It is harder to get an idea about the rents in the area, search for rentals posted for that particular property historically. + +Whenever I see such a listing, it annoys me because they are not putting the facts out there enabling the prospective buyers to make an informed decision whether to pursue it further. +**Are the industrials back? Is tech going to sink? Why did PayPal drop after good earnings and apple announces new event next week, let’s talk about the stock market** + +Hey everyone and Welcome I am going to react to the stock market news on movements from yesterday and what i expect next. + +So, the stock market has done pretty well this year especially the tech heavy Nasdaq, being up more than 21%, while the broader S&P 500 is barely up and the Dow industrial is down for the year. [YEARLY CHART](https://ibb.co/HtxbKGf) + +In the last week or so we have seen the VIX testing the 40 level but being rejected every time so it seems that there is enough confidence in the stock market for it not to collapse like back in march.[VIX](https://ibb.co/WvJP6FC) + +Yesterday we saw the Dow Jones rising 1,6% or 423 points [CHART](https://ibb.co/Jc3SDTk) , the S&P rose by 1,22% [CHART](https://ibb.co/FBZSM2r) and the Nasdaq was the laggard only up 0,42% [CHART](https://ibb.co/55jSMzV) + +While the strong economic reports that came in helped the stock market to rally, as the stock market was also helped by technical support and finally ended the selloff of October by bouncing of the SMA 200 [BOUNCE CHART](https://ibb.co/Ntqwh79) . As manufacturing PMI rose to 59,3, a number not seen in over 2 years [PMI](https://ibb.co/kgTMyrG) [PMI2](https://ibb.co/CsCrwVp) + +The US manufacturing activity accelerate with new orders jumping to the highest level in nearly 17 years, the Chinese and Europeans also saw manufacturing sped up in the last month [MANUFACTURING](https://ibb.co/SsCxSg4) + +Here is the heat map for the S&P from yesterday, you can see that the big names dragged the market down while most of the smaller companies were in the green to start November [S&P HEATMAP](https://ibb.co/SV569t0) + +big companies in the tech sectors Apple, Amazon Facebook and Microsoft closed in the red yesterday while Alphabet continued to rise on the back of improved earnings and growth guidance. [TECH EARNINGS](https://ibb.co/BgNNZdH) + +PayPal reported earnings yesterday after the bell as the company beat the estimates of earnings per share by more than 10% and saw a revenue increase of almost 25% year over year. [EARNINGS](https://ibb.co/NpwwYB5) This was the strongest ever quarter for growth in total payments for PayPal. While the earnings jumped more than 121% since last year. [QUARTER OVERVIEW](https://ibb.co/NWCxfGJ) The Company also saw a increase more than 15million new active accounts in q3 up to a total of 361 million accounts, up more than 50% year over year while the free cash flow for the company also is up more than 40% year over year [Q3 STATS](https://ibb.co/W2yxqYk) + +While the operating margin was also up significantly since last year both on a GAAP and Non-GAAP accounting so the company seems to have a great future ahead with growth widely available on an international basis. [BALANCE SHEET](https://ibb.co/BLsvtHj) + +The company did drop in after market about 5% do to the lack in guidance for next year, but the lack in guidance for next year is very widely spread, as not many companies know what exactly will happen in the near future, but I don’t expect anything bad for PayPal to happen, as the company also announced recently that they will accept bitcoin storage and payments within the subsidiary Venmo. [Bitcoin on PayPal](https://ibb.co/zhMt1Qy) + +Apple announced yesterday that next Tuesday they will have an event in which they are expected to showcase the new Macs, the first ones to have internally designed processors, [Apple News](https://ibb.co/sKPR4ZM) this Is a move away from Intel provided chips which I believe will further enhance performance and will eventually reduce costs for the company, resulting in a increase in gross margin for the products. + +Also, Microsoft just confirmed that the new Xbox series will also make Apple TV available on the console, that means that Apple TV is available on all next gen consoles with Sony’s PlayStation 5 offering the service also [Microsoft - Apple TV](https://ibb.co/b6H7rWR) + +This will likely be a boost for the service, apple really seems to be going all out to increase the services revenue which I believe is the right way to go, as the physical products are lasting longer and are not renewed ever year like in the past, this increase in services will make up for that lack of product sales. [iphone Revenus](https://ibb.co/pQCncWQ) Also recurring subscriptions revenue are more profitable for the company and are far more important in the eyes of the analysts. [Services REvenue](https://ibb.co/ggJ1txm) + +Apple is one of the best, if not the best companies to own in your Portofolio as they are both a growth stock and a value stock since they do give out dividends. The company has given almost half a trillion dollars to shareholders and has many growth drivers like I said, the services, the new iPhone 12 that has the potential to be a super cycle and the company finally launching they’re own online sales in India. [Apple Shareholders](https://ibb.co/QCsr8QK) + +With tech earnings coming in last week all delivered good beats on estimates. Google recovered from a Q2 slump in ad sales, as the biggest growth provider in the company was YouTube. [TECH EARNINGS](https://ibb.co/BgNNZdH) + +While Facebook revenue increased 22% year over year the company seems to be in a difficult position going forward due to privacy issues both from the US government and from the changes that Apple will make which will impact a large base of users. + +Twitter was the one that disappointed the analysts the most, as the increase in users was minimal but ad sales did grow. Still the stock plummeted more than 20% after earnings. + +Pinterest saw a huge jump after the sales rose by 58%, as they become more popular and the customer base in more than 60% woman who decide the household buying they stand to see an increase in ad sales in the future also. [PINTEREST](https://ibb.co/vv1wR9Q) + +I believe that for Google and Facebook the most important thing at this moment is that they continue to grow the revenue from the huge amount of people that already use they’re services, while for the smaller companies it is far more important that they grow they’re user base, that ultimately will attract more ad revenues. + +Peloton will report alongside Alibaba on Thursday after the market is very interesting to watch, that stock has dropped from it’s all time high about 20% but I can see that bouncing back if the numbers that are reported and guidance for next quarter comes in better than expected. (Full disclosure I am long Peloton) [Peloton](https://ibb.co/YyVxfxN) + +Meanwhile Walmart, the biggest private company by number of employees in the world announced on Monday that they will stop using robots to keep track of inventory, despite the retailer not saying why the cut of the robots, I believe that for the moment it’s more efficient and cheaper that those jobs be done by the workforce. [Walmart](https://ibb.co/2PMx2s6) + +So I strongly believe we should mostly trust the portofolios that we have build and not make any big changes as markets can seem chaotic. I believe that it’s almost impossible to time the market correctly and can hurt our returns if we are to sentiment driven. + +Thank you for reading, please leave your opinion below, i will try to respond to everyone! + +Have a great day and use your voting rights! +A little over a month ago I left for Mexico to get my teeth fixed. 8 days later I flew home with 22 crowns and 6 root canals done. + +As of yesterday seeing my dentist at home, he was extremely impressed with the work and the health of my teeth and gums. + +After 7 years of desperate public health dental visits dealing with falling apart patchwork teeth, I had finally saved up enough money to get my teeth repaired. + +Here's my little guide on how to do this if you need too. + +---- + +Pre-guide advice: Buy a Waterpik/Water flosser off of amazon, or other retailer. There are tons of them. Make sure to get one that has a small brush tip, or has at variable power to it. You will NEED this kind of cleaning tool before and after you get your teeth fixed. The cleaner your gums are the better the result. Initially this thing will make your gums bleed profusely and will probably be rather painful to use. It takes time to get used to it and clean out your gums. Start with the brush tip and learning how to get water spray under your gums. they're around 30~40$ on amazon. It has a dramatically positive effect on your gum health. And grab a bunch of floss as well. + +---- + +**First, Financial prep and awareness.** + +Look up Sani Dental Group Los Algondoles. Los Algondoles is a dental tourism border town just across the US Mexico border, it's situated a few miles drive from Yuma Airport. + +Sani Dental is the best clinic in the town, and they have a 2 location facility they call Platinum and Main Clinic. + +(You do not need to speak Spanish, however it does help. They do have Wifi in their clinics so if you need to translate something, you can access DeepL Translate. It does English to Spanish fairly well.) + +They have a Quote system in which you can check how much each procedure is going to cost. + +If you can find a dentist that will do an exam or X-rays or something of the like for free. Do so. + +Either at a Student facility or something like that. Call around local dentistry and figure something out. For me I have access to a public health clinic dentist that does dental work based on Medicare/ABD/Homeless patients. + +Once you know what the dentist wants to do to restore your teeth, put that into the quote at Sani Dental. This will be the rough estimate of the bare minimum you should bring in the form of a cashiers check. Expect more root canals than predicted. Especially for any tooth that has a huge cavity or has any sensitivity. That Waterpik that I advised you to get, any tooth that you use it on that bleeds excessively more than others or is particularly sensitive more than others, you can almost be assured that you will need a root canal on it. + +For me, my dentist in the USA said I needed 22 Crowns, a very unlikely 1 root Canal, and 1 set of X-Rays. At Sani dental without the Root Canal at the time it was 4450$. + +After they ground down my teeth, and did extra X-Rays at Sani it ended up being a total of 6 root canals ontop of the 22 crowns. + +After a discussion with their finance office they decided to give me discounts where they could, and compromise on a price. I paid 4450$ in a cashiers check and 640$ off of a credit card. Be aware that across US Mexico borders transactions have a 4% charge fee. + +They will work with you, but please don't take advantage of their kindness. Please don't show up with a quoted amount for 4000$ of dental work when you need 7000$+ While they do want your business and want to keep patients in, they aren't afraid to tell you to get lost if you're trying to twist their arm. For me, they asked specifically about what I did for work, and how I could pay for this then they realized I didn't have enough money to pay for everything. + +And I just was honest and told them I was disabled and explained that this money was back pay from disability income in the USA. They were relatively understanding in the fact that I had quoted as best as I could for them, and I didn't have extra money to spend. + +Have at least 2000$ in extra back up funds on a credit/debit card just in case you need a significantly greater amount of work than expected. + +Bring at least 350$ In cash as well. + +**Second. Getting there and Staying in Mexico.** + +Once you've figured out the dental and money situation that you're in, and you've got a quote for Sani Dental's work. Schedule an appointment with them far in advance. Check flight costs between your location and Yuma Arizona. Coordinate something where you can spend at least 7 business days in Mexico(they, Sani Dental, are open Saturday but not Sunday). It can take as little as 4 days, but safety margins due to unpredictable situations I suggest 7 days. I spent 8 nights one in Yuma and then arrived in Mexico the following morning. + +Hotel situation is relatively simple. The Hotel I stayed at is called Hacienda. It is 60$ a night, non smoking. They require a 50$ deposit. + +If you have over 3000$ of dental work being done at Sani Dental, Sani will pay for 3 nights of it, given you aren't compromising on the cost of the dental work being done by Sani. For me this is where they cut the deal. I had to pay for all the nights stays. Which was fine with me to make sure I got such a big break on my dental work cost. + +You can reserve your stay at Hacienda long in advanced just like scheduling your dental work. + +It is very likely that You will receive an email about hotel locations you can stay at while getting dental work done. Sani sent me one automatically. + +Uber/Lyft drivers will take you from your Yuma location all the way to the Mexico border. They cannot park there, it's a 200$ fine so they drop you off as close as they can and then skedaddle. + +When you land in Yuma Airport and go to leave, directly north from the Airport exit doors there is a WalMart up the road. I'm assuming that many low income people will have EBT cards like I do, so if you want to save money on food while in mexico, I suggest stocking up at that walmart with soft and easy to eat non sticky foods. Tuna Packets, Apple Sauce, Ramen, oatmeal, Drinks, ect. Do no try to eat anything super sticky. It will pull the temp crowns off immediately. In-fact once you have your permanent crowns you can't eat sticky foods anymore anyways. No more Star Bursts, Tooties Rolls, Caramels, or anything that grab onto teeth. + +If you want some quick Fast Food, DO NOT go to the McDonalds in the Wal-Mart, instead there is a Hamburger Stand next to the main road in the parking lot of the Yuma Walmart. Their burgers are significantly cheaper. They also have corn dogs, and fries. + +Once you are a confirmed patient for Sani Dental, you can ask the staff for the shuttle to anywhere you need to go between clinics, and the hotels. This is a free service they offer, and if you have no desire to interact with the local population, this service makes that pretty much possible. + +**Third. Crossing the Border** + +This is actually where it was super surprising for me. You can literally just walk into Mexico. There is a pathway across where you can just walk in. As you cross over there's a few public bathrooms at the mexico entry pathway. But that's about it. Right behind all of that is the town of Los Algodones + +Walk over and you're in Mexico. Once you've entered, you can call Sani Dental to have them shuttle you to where you need to be first. + +Getting back over into the USA is a bigger deal. Right now before REALID goes into effect, all you need to get back into to the USA is a Valid state ID, a Valid birth certificate, and a Social security Card. If you have a Passport none of this matters. After REAL ID if you do not have a passport, you will not be able to get back into the USA so if you are reading this post after REALID went into affect, do not attempt to leave the USA without a valid REAL ID. + +You will be screened at the border coming back. Big Warning here: If you have ANY, and I mean ANY Warrants for your arrest in any state, it does not matter how old they are, they are all accessible by border patrol(Andrade Port of Entry), If you have any outstanding warrants YOU WILL BE ARRESTED AT THE BORDER. If you have a warrant, you need to clear it up BEFORE you cross over into Mexico. + +This is not a question of if they know or could possibly know, I asked them directly. If you have any active warrant that has any presence in any state system, they will arrest you when it shows up. What they do with you afterwards is not clear, but they will not hesitate to hold you. + +**Forth. Getting Home** + +The most difficult part was getting from the US border back to Yuma. I would have been stranded if I had not been handed a card by an uber driver that had a number for a Ride service run by people who know this kind of transport is needed. I wont post their phone number here incase of spam but google "Desert Drivers (Lyft/Uber)" they took me from the Los Angadoles border to the Yuma Airport for 25$ flat. + +Make sure you have their contact information and have an charged phone. Otherwise you may be saddled with walking a long ass way back to Yuma. + +YOU CANNOT schedule Lyft/Uber from Los Algondoles. Uber and Lyft do not let you. They will let you get to the border but once you are geographically located in Mexico and attempt to schedule a ride from the border back to Yuma, it will not let you. I tried several times. + +Uber/Lyft refuses to let you. + +So make sure you have the number/contact for Desert Drivers (Lyft/Uber), or you're gonna have a shitty time getting back to the airport. A lot of the drivers there know this is a problem and have setup this system so that people can get rides back to the airport. + +It would have really fuckin sucked had I not gotten an Uber driver who figured out I was headed to the border for dental work. + +**Some Advice, Pre answering some Questions** + +Is this safe to do? Ill be honest, I have no idea. But the frequency of people going there and the lack of negative reviews or warnings or anything like that in my eyes is a pretty good indicator that there is something worth while going on there. + +The town is founded on dentistry, it is all over that town. And I don't see much of a reason to be afraid of getting work done by Sani. They are ADA registered clinic. + +And really at 20% the cost of the USA, including the plane tickets and hotel stay, There's not much to really lose. Better to try to save your teeth than let them rot out with no fix what so ever. + +My USA dentist is impressed with the work and how clean my gums are now compared to before I went. + +The local population and town is pretty safe. You will be bothered left and right to buy things by street sellers, and there are plenty of tourist shops. I visited nothing there, however, because I was there for one thing and one thing only, to save my teeth. I have no idea how the rest of the town, prices, or anything works down there. I came prepared, I spent 90% of the time there in my hotel watching TV shows and browsing reddit on my laptop, and the rest in a dental office getting my teeth fixed. + +Once it was over, I came back. I didn't spend a dime outside of it. + +My biggest advice though, is that if you're going to do this, make sure you have a significantly extra amount of money beyond your total expectations of expenses. You have no idea how bad things are inside your mouth, and the dental clinic is not there to upcharge you on procedures you don't need. They only want to make sure you that you don't have to come back anytime soon. + +They do warranty their work as well, 2 years. So you have at the bare minimum, 2 years of extra life out of your teeth that you can count on. + +If you have questions, feel free to ask. I'll answer as many as I can answer when I wake up or through out the day. + +What about Pictures? I'll take some photos later, perhaps, but I am not particularly enthusiastic about taking photos of myself and posting them online. +Due to increased focus on the situation with rising utility prices, we're trying to build out a megathread to capture discussion around this topic. + +This will be evolving with the subreddit, and we will try and make this as relevant as possible, with the help of everyone who wants to participate. + +#### **All other posts around this topic will be removed from the subreddit.** +____ + +To keep the discussion subreddit relevant, I've set some (rough) guidelines to help keep everyone on-topic. + + +1. What to do if your supplier has gone bust + - https://www.bbc.co.uk/news/business-58662667 +2. Best plans on the market +3. Any corroborated relavant news + +___ + +# What about Bulb? + +Bulb appears to be okay - for the moment: 'We buy our energy in advance and this means we're protected from the current wholesale costs that some smaller companies have struggled to manage.' + +- https://bulb.co.uk/blog/energy-in-the-news + +# What about Octopus? + +They're backed by a very large corporation, also called Octopus, so can handle short-to-medium term losses. + +#What are the actual OfGem caps? + +Have a look at this discussion. https://www.reddit.com/r/UKPersonalFinance/comments/q770um/does_anyone_know_the_actual_ofgem_unit_rates_and/ +Mr. Musk has appeared reluctant to proceed with the $44 billion agreement, citing uncertainty about the number of fake accounts on the platform. + +Elon Musk may be preparing for the next chapter in his Twitter takeover journey: court. + +A $44 billion deal was reached in April between Mr. Musk and Twitter, and the two sides have since been working to close the deal. Mr. Musk requested information on how many Twitter accounts are bots, and Twitter has provided Mr. Musk access to its “firehose,” or stream of tweets. It has continued to share additional information with him. + +Read the full article: [https://www.nytimes.com/2022/07/08/business/musk-twitter-deal.html](https://www.nytimes.com/2022/07/08/business/musk-twitter-deal.html) + +**Elon Musk's Twitter takeover journey continues, but this time, the setting might be in court. Here is the list of some events since the day Musk bought shares on Twitter.** + +April 4- Elon Musk discloses over 9% stake in Twitter + +April 5- Twitter says Musk will join company's board + +April 10- Musk says he will not join Twitter board + +April 14- Musk offers $54.20/share, a 38% premium to Twitter's April 1 closing price + +April 15- Twitter adopts poison pill to protect company from takeover + +April 21- Musk lines up $46.5 billion in financing for the deal + +April 25- Twitter board accepts Musk's offer + +April 29- Musk sells Tesla shares worth over $8 billion in a bid to finance takeover + +May 2- Musk seeks to get more external investors + +May 5- Musk discloses $7.14 billion funding; sources tell Reuters that Musk could temporarily lead Twitter after deal closes + +May 11- Twitter co-founder Jack Dorsey says he will not return as CEO if offered + +May 13- Musk says Twitter deal on hold pending review of spam and fake accounts. Later tweets that he remains committed to the deal + +May 25- Twitter investors vote against re-electing Elon Musk ally to board. Musk pledges more equity to fund Twitter deal, scraps margin loan + +May 26- Musk sued by Twitter investors for stock 'manipulation' during takeover bid + +May 27- SEC looking into Musk's Twitter stake purchase + +June 6- Musk threatens to walk away from the buyout deal if Twitter fails to provide data on spam and fake accounts + +July 7- Twitter insists it has bots handled, claims it blocks 1 million spammers every day + +**Do you think Elon Musk will go through with his TWTR buyout?** + +Vote in a poll: [https://www.reddit.com/r/marketpredictors/comments/vua4u9/the\_washington\_post\_has\_reported\_that\_elon\_musks/](https://www.reddit.com/r/marketpredictors/comments/vua4u9/the_washington_post_has_reported_that_elon_musks/) +I currently make $18.50 (company A)and a company reached out to me that pays $23.50 (company B). I am currently on 8 week maternity leave with company A and have to return to work the last week in September. I have been working with company A almost 2 years it's M- F 8:00 a.m- 4:30 pm. Both are remote jobs and good companies to work for. Are there any moms that have switched jobs shortly after maternity leave. + +I have 10 classes left and taking 3 this semester. I work 40 hrs with the current schedule when I return to work. Would you stay put until you finish the last of your college courses? + + +Just trying to increase my income and gain experience non tradition student. I have a 16 year old and an 18 day old baby. +Dear Mods, + +It has come to my attention the overwhelming flood of Memes that has been emerging in the Hot section of the Sub. + +This constitutes a problem in that new Apes and Visitors are instantly shown memes and shitposts, rather than the Quality DD that so many Apes have sacrificed their time and energy to write. + +This leads to the second problem. + +The flood of shitposts and memes has enable Shills and Karma Farmers to quickly accumulate Karma and continue the loop of memes flooding the sub. + +This leads to the third problem: + +With enough Karma, Shills are then able to bypass the santori algorithm. + +The fourth problem: + +The shill takeover of the sub by flooding with memes and drowning out Quality DD. + +Please Mods, take this seriously. + +Edit: Another Ape has made an analytical assessment on the Shills manipulating the sub +https://www.reddit.com/r/DDintoGME/comments/o2evxb/ive_logged_superstonk_active_users_count_weird/?utm_source=share&utm_medium=web2x&context=3 +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://medium.com/@Alex_Amsel/thoughts-on-the-dao-security-proposal-6726e87ea650#.oigx555yk + +I agree with almost everything author writes (except the part about the proposal being made in good faith) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Been looking at the contract for EOS crowd-sale. +https://etherscan.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf#code + +So, in theory EOS founders/backers can push the price pretty much as high as they like, by simply funneling back ETH to buy EOS on exchanges. This in turn ensures people comfortably jump in on current funding periods at higher prices. I'm not saying this is what is happening, but the fact that recycling is at all possible doesn't sit well with me. Then again, ICOs that don't give control of the project funding to the backers in general don't sit well with me either. + + // Crowdsale owners can collect ETH any number of times + function collect() auth { + assert(today() > 0); // Prevent recycling during window 0 + exec(msg.sender, this.balance); + LogCollect(this.balance); + } + +UPDATE: To watch the current madness go here http://eosscan.io/ + +Antshares is heralded as the Chinese Ethereum. They are rebranding in Q3 as NEO, which alone, helps the appeal of the platform. + +If one thing is for sure, China knows how to pump up an asset price. Anyone think this is credible threat to ETH? Will ANS beat ETH to the flippening? Don't underestimate China's ability to run wild. +#Official Address: 0xBB9bc244D798123fDe783fCc1C72d3Bb8C189413 + +#[Official Thread on DAOHub](https://forum.daohub.org/t/the-dao-is-live/590) + + +[Screenshot](https://ipfs.pics/ipfs/QmSTkrMAGa7XgCVBcXWCXoxbA5qTJk4z1Vb5QNXCqQHvWG) + +[The DAO Address Icon Thingy](https://ipfs.pics/ipfs/QmVEdFg1vzHvGpxGckgaoQ9jSTVF8zGBKW2Bp2x4aj8JHM) *(look, it’s like a little open-hearted mascot!)* + +--- + +**How To** + +1. Go to https://www.myetherwallet.com/#the-dao + +2. Select your wallet file -or- paste your private key. + +3. If the wallet is the encrypted, a text box will automatically appear. Enter the password. + +4. Press the “UNLOCK WALLET” button + +5. Information will display below. Verify the address matches the address on http://daohub.org/ (it does, but it’s good practice to always be sure!) + +6. Enter the amount of ETH to send. + +7. Press the Generate Transaction button. + +8. Information will display. This is your signed transaction. Press the blue “Send Transaction” button below that. + +9. One last warning will display. Check the amount of ETH you wish to send is correct and press “Yes, I am sure!” + +10. Your transaction will send and you will be given a transaction ID below the blue button. You can paste this into the http://etherscan.io/ search bar to see the transaction. + +11. No more than a minute later, the blue text in the lower left under “"The DAO" Details:” will update to reflect the amount of DAOTokens you now have. If it doesn’t update, try refreshing your page. + +12. All done! + + +--- + +**Helpful Links:** + +- 1 [DAOHub.org](https://daohub.org/) + +- 2 [DAOHub Forums / Support](https://forum.daohub.org/c/theDAO/support) + +- 3 [Creation information](https://daohub.org/creation.html) + +- 4 [MyEtherWallet Help Page](https://www.myetherwallet.com/#help) — how to import your MyEtherWallet account into Mist is item #10. + +- 5 [Slock.it](https://slock.it/) + +- 6 [How to Verify](https://github.com/slockit/DAO/wiki/Verifying-The-DAO-v1.0-Code) + +- 7 [JSON Interface](https://daohub.org/voting.html) + +- Start Date: 4/30/16 + +- Duration: 28 days. + +Conversion Schedule: + +- For the first 14 days: 100 DAO tokens (Ð) for 1 ETH (Ξ) + +- For the 10 subsequent days: linear increase + +- For the last 4 days: constant 100 DAO tokens (Ð) for 1.5 ETH (Ξ) + + +--- + +Thank you to the Slock.it team and the DAOHub team and everyone else who has been slaving away to make this a reality. The button has been pushed, the world irrevocably changed, and we here at MyEtherWallet could not be happier to be a part of it..... + +...except it's 3am and we haven't slept much this week sooooooo....we really need to sleep. If you need help or assistance or something isn’t working, please post publicly in this thread or the DAOHub forums or the Slock.it Slack channels. Do NOT privately message me or email me unless you do not want to be helped until Saturday afternoon, Los Angeles time (Sorry!). Feel free to shout me out, but there is a good chance someone else will help you before I do. + +Goodnight and happy token-ing! +It might be just me, but all the problems Status and Bancor brought to the network killed the hype for many and made investors (which aren't white collar guys in Goldman's office, but probably guys like me and you who invested some savings in cryptos) less eager to invest. + +Let's face the reality: + +-not a single crypto out there has a real case use safe for Bitcoin. + +-blockchain technology is cool but extremely limited in real spreaded adoption for payments, blockchain gets bigger and bigger and bigger + +-not a single network doesn't clog once high volume of transactions happen in the range of few hours. And they want to build dapps, smart contracts and super computers over it? We are in the embryonic stage of blockchain technologies. Please. + +-those fuckers that got hundreds of millions in ETH and Bitcoin are probably the first selling since a week or so getting the price down. + +-so many tards gave thousands and thousands to those ICOs based on hope and hype, without reading a single line of code or thinking IF the ICO itself had any use (especially thinking about ETH's tokens). 140 millions to Bancor to solve the "problem of the two wants", wow. + +I still believe cryptos are the future, ain't gonna say if you should sell or hold, I think anybody telling you to sell or hold is just pursuing his own interest, not yours. I know that if I got into ETH below 60 $ I'd be selling everything tho. + +So please: + +-stop buying those ICOs unless you **really understand what's the ICO about**, stop speculating, 90 % of speculators lose money in the financial markets and you want to make money in cryptos? Good luck. + +-**study**, **study study**. You need to understand what you're buying, what you're investing into. I'm sick of reading about people taking loans to invest in what they don't even understand. + +Cryptos are the future, but rest assurd that 99 % of those cryptos will die after the real bubble will pop (the last days are just shakes), ETH will probably die, banks will probably invest in their own blockchain (like R3), Visa will develop its own, ecc, ecc. + +We don't know how the future looks, but for your own good and savings **stop buying what you don't understand**. + +ARK is cool, sidechains, can connect to other blockchain, yeah cool. **And what's the fuckin utility!??** I asked this to many ARK supporters not one of them explained me what's the use of those sidechains. + +SIACOIN is cool, wow, such real case use. Sia promises 2$ for a terabyte/month of storage. Did any of you ask himself "would I invest in a 50$ terabyte hard drive and keep it up all year to see a return after 2 years"? Oh,and you have to include bandwidth. And redundancy. Oh, and the Solomon-Reed algorithm will make 1 TB of files much bigger. Did you ever check how expensive is getting 1 TB on a different (regular service)? Online NAS or Virtual Machines? Did you know that Bandwidth is free on Dropbox up to 200 GB/day? And that you get unlimited storage for 15$ a month? And tons of services and much less risk than Sia network? And by the way, hosting on Sia is actually between 2.80 and 5.70 per month, without any redundancy. + +Really, I could make a case for plenty of coins out there, and I can be sure that 99% of people don't understand what they're buying yet they put thousands into it. + +I'm sorry but it just sickens me to read all of these "It will go up, bla bla, I'm holding, we've been there bla bla bla", you're not making any valid point, you're still speculating rather than asking yourself "what's the real **value** of what I'm buying/holding?". + +Please realize that all of those cryptos have close to **zero** value, but a huge price. Call stuff what it is. Price is a price, value is a value. + +edit: What's up with all the downvoted comments? +Can I punch you? + +Edit: For those who keep giving me their blessings of calling me a retard and and idiot, I am only out $26 from T(U)RD and this post was more for fun than anything. Thank you for your concern though. +Comment if you are an ACTUAL hodler. + +I want to know how many of you actually plan to hold for life. + +Are you guys still hodling? Or did you sell some? + +Are you guys even nervous? +Is there some rule from the 2017 tax law that altered tax withholding for 2021? Not much has changed in my situation financially besides a moderate raise for both my wife and me at the same companies. We receive (still waiting for last years refund) a refund of $2000, but this year we owe $15,000… neither of us changed our withholding rules, so I’m wondering where this $17,000 swing came from. Not too happy about it obviously.. +**This is like an adrenaline shot of confirmation bias that every bit of fact finding 🦍’s have conducted these last 6 months are VALID & that MSM is gaslighting us into believing we are just Reddit conspiracy theorists who know nothing.** + +Edit1: We should get Jeff Connaughton or Ted Kaufman on for an AMA. + + +This post details some of the things that were happening behind the scenes during Clinton’s administration & Obama’s administration. These details are from former chief of staff to Ted Kaufman, Jeff Connaughton(JC) in his book The payoff: Why Wall Street Always Wins. (Note JC is a Democrat, so that is why he was only part of White House during democratic presidency’s. Also this book was written in 2012, ~10 years ago) + +(Note2 I read on an iPhone so page numbers are different on here than a traditional book when citing) + +JC also served as a special assistant to the counsel of the president during Clinton’s 1st term. In between chief of staff & special assistant he served time as a lobbyist. + +These “findings” will be limited to JC’S experiences. I decided to share because of the timeline of when they occur & I thought they were interesting pieces to our puzzle. + +*This post is lengthy, but should be quite easy to read. Honestly most of the work goes to the author because of how concise & easy to understand the writing is.* + +###Breakpoints +- Wall Streets Influence in Clinton’s administration +- The Blob +- Naked Short Selling & The SEC + + +#Wall Streets Influence + +Bill In Review: Private Securities Litigation Reform Act of 1995 + +Excerpt about this bill: + +“A corporate coalition - Wall Street banks and brokers, accountants, insurers, Silicon Valley—wanted the bill, which would make it more difficult to prove securities fraud, passed intact. The bill’s opponents felt it would shield securities fraud by these companies. Particularly troublesome to them were provisions regarding the statements companies make about future performance.” (P171-172) + +**Basically it is now harder to prove securities fraud as well as provides safety to companies for including forward looking statements & prospective information. (Hello Enron) ** + +**JC account with this bill involved counseling Bill Clinton himself. Pushing the president that this bill is not good for the public, to which it seems the president agrees.** + +Here is the part that stands out to me + +“If the president has to think very hard before taking on this kind of fight, I thought to myself, imagine how disproportionately unlikely it is for Washington’s lower castes to dare do the same.”(P178) + +**So even the president of the United States faces severe pressure from Wall Street to bend to their whims. Anyway, JC counsels Clinton, and Clinton is onboard to amend the bill.** + +**The amendment corrects securities fraud protection & removes forward looking statements.(Excerpt below)** + +“I called a staffer in Senator Paul Sarbanes’s office. I briefed him that if Sarbanes would offer an amendment that would preserve the viability of a securities-fraud action against company executives who had “actual knowledge” that, a forward-looking statement was fraudulent, the White House would support it”(P180) + +**Great, so everything is good right? Nope** + +“The vote began, and it looked for a while like we were going to win. Then Dodd started working his fellow senators. It soon became apparent it was going to be a tie. Finally, Dodd voted against the amendment, which failed by one vote.” + +**Yup Dodd, you know the senator behind the Dodd-Frank act? He not only voted with Wall Street, he spearheaded the damn thing. Dodd is a Democrat, who went against a democratic president helping Wall Street & screwing the little guy. Wowzers ** + +**Anyway the amendment gets rejected, original bill gets passed by the senate. ** + +“Some have speculated that Clinton wanted to have it both ways: he vetoed the bill, but also signaled to Dodd that he wouldn’t be overly displeased if two-thirds of Congress voted to override it. I don’t know whether that’s true or false.”(P186) + +**Clinton vetoes. Senates votes 2/3 to override it.** + +**So seems Bill wanted to have his cake & eat it too. Whether this case is true or not, Clinton went on in his second term to repeal the Glass-Steagall Act leaving derivatives transactions unregulated. ** + + + +#The Blob + +“The Blob (it’s really called that) refers to the government entities that regulate the finance industry—like the Banking Committee, Treasury Department, and SEC—and the army of Wall Street representatives and lobbyists that continuously surrounds and permeates them. The Blob moves together. Its members are in constant contact by e-mail and phone. They dine, drink, and take vacations together. Not surprisingly, they frequently intermarry. “Indeed, a good way to maximize your family income in DC is to specialize in financial issues and marry someone in The Blob. Ideally, you and your spouse take turns: One of you works for a bank, insurance company, or lobbying firm while the other works for a government entity that regulates, or enacts legislation for, the financial industry. Every few years, you reverse roles: “Sally Striver, staffer on the Senate Banking Committee,” so might read a typical notice in Roll Call, “today announced her departure to work for the Financial Services Roundtable”; inevitably, she’s replaced with someone from the financial industry because, so runs the justification, the committee needs people familiar with the issues. What you and your spouse do all the time is share information.”(P250) + +**Wow. Idk this was enraging when I read it. The fact that this happens so blatantly that it’s given a nickname because it’s so fucking common & accepted is sickening. Just more evidence of the revolving door between regulators & financial institutions to game the system.** + +This is during JC’s time as chief of staff: + +“Ted and I quickly learned that, when you take on Wall Street in Washington, you take on The Blob. We were fighting deeply entrenched interests and a deeply ingrained institutional culture.” + +**You have to fight through a financial mob so to speak to even begin to create reform. Translated: 🦍 need to stay 💪 to get reform past the blob for financial fairness in the markets.** + + +#Naked Short Selling & The SEC + +**This part is a little bit longer, but I just wasn’t expect this to be in this book nor to this extent.** + +(Senator Johnny Isakson) +“Isakson and Ted shared an interest in financial issues, and both had recently received complaints from constituents about the naked short selling of stocks by hedge funds and about the SEC’s rescission of the uptick rule.” + +“Many ordinary investors, including Kaufman and me, have sold stocks short from time to time. But there’s an important difference. When I sell stock short, my brokerage firm makes me borrow the shares of stock before I do the short sale. This ensures that I can deliver the shares at the required time for settlement of the trade. Banks and brokerage houses make a lot of money charging people to borrow stock for short sales. +The SEC rule, however, doesn’t require that everyone borrow the stock. A short seller only needs to have a “reasonable belief” that he can locate the stock in time to deliver it at settlement, which happens three days later. Selling a stock without intending to locate it in time for settlement is naked short selling. It amounts to selling shares that don’t exist, which increases the supply of a stock in a way that can push its price down. +Since the Depression, the SEC had required short sellers to wait for an uptick in price before selling short. Forcing short sellers to wait for the price to tick up before they sell more shares gives a breather to a stock in rapid decline and helps prevent bear raids, which are essentially attacks on a stock (typically by hedge funds) with the aim of driving down its price to ensure that their short selling is profitable. The uptick rule was in force for nearly seventy years. In 2007, the SEC rescinded it. In Mary Schapiro’s confirmation hearings before the Senate Banking Committee, she was asked repeatedly whether she would restore the uptick rule. Schapiro, who took office as SEC chairman in January 2009, all but promised she would. +Nothing happened.” +(P252-254) + +**I mean wow. Talk about spitting some straight DD. This book was written 2012, and if I just read this correctly it sounds like Congress & White House 100% understand this shit exists & are complicit in naked short selling existing. But wait it keeps going.** + +“The pushback from the Blue Team was followed by pushback from The Blob. I received an e-mail from a lobbyist (and former Dodd staffer) who represented a large hedge fund well known for short selling. She warned me that it would be bad for my career if Ted and I went after short selling. She added that Ted and I looked like deranged conspiracy theorists for seeking to explore whether short selling had played a role in the downfall of firms like Lehman Brothers”(P257) + +**Does that sound familiar ? I guess everyone is a conspiracy theorist around. Ohh & Lehman brothers also failed even with a plan to save them due to short sellers naked short selling them into the grave.** + +**More juice to squeeze.** + +At a senate meeting with the SEC: +“Senate staffers pointed out that the SEC was ignoring the fact that its short-selling manipulation rule was unenforceable. Hedge funds can spread false rumors about a stock and conduct massive short sales without locating the stock, even if they succeed in delivering the shares three days after the rumors. They could beat down a stock’s price repeatedly. The SEC people said little during the discussion. My impression was that they viewed it as another meeting to endure; after feigning to listen, they could simply continue to do things their way.”(P258) + +**Ok, read this next part carefully.** + +“They added that they couldn’t give us any details of the investigation but warned us that it’s almost impossible to prove intent under the current rule (that is, the reasonable-belief standard). Under this rule, anyone accused of naked short selling can simply say: “I reasonably believed I could find the stock in time.” In essence, the SEC lawyers confirmed our view that the rule against naked short selling was unenforceable and that they knew it.”(P259) + + +**How convenient. How oh so convenient. Honestly I do not think we see justice for these crimes. Unless the SEC amends this short selling rule, Kenny Mayo will be walking free. Floor is now $30 million** + +**Ohh but it gets better.** + + +“Most stock trades in the United States are cleared by a Wall Street backroom firm called the Depository Trust Clearing Corporation (DTCC). I suspected that the DTCC had extensive data on short selling. After a series of enquiries, I finally arranged for the DTCC’s general counsel (Larry Thompson) and one of its managing directors (Bill Hodash) to meet with me in Washington. We’d chatted for about fifteen minutes when Larry startled me by saying, “We want to be part of the solution, and we think we have a proposal that will work. “It turns out that months previously the DTCC had gone to the SEC with a proposed solution to naked short selling: The DTCC would create a computer system in which the actual shares of a stock must first be declimated (more simply: flagged or identified) before a broker could sell shares short. A centralized database would prevent the same shares from being used for multiple short sales. The DTCC believed that such a system would effectively stop naked short selling for the shares it cleared, which represented a vast majority of all shares traded in the United States. Larry told us that the SEC had received the DTCC proposal months ago but hadn’t done any follow-up. Instead, the SEC had asked Larry whether he was sure that the DTCC board (which is made up of representatives of Wall Street brokerage firms) supported the proposal.”(P259-261) + + +“Within a month of hearing about the DTCC’s idea, I’d helped Kaufman recruit seven other senators to write to “recruit seven other senators to write to the SEC endorsing the idea as a potential solution to abusive short selling.”(P261) + +“Not long after receiving the letter, the SEC announced it would hold a public roundtable to discuss naked short selling and possible solutions on September 24, 2009. I was convinced we were making progress.”(P261) + +“To its roundtable the SEC had invited nine banking-industry participants, all but one of whom was in favor of maintaining the status quo. During the meeting, the DTCC representative sat mute and didn’t even mention the DTCC’s proposed solution for naked short selling. Afterwards, I went over to Larry and Bill and asked “What happened?” Sheepishly, and to their credit, they admitted, “We got pulled back.” They meant: by their board, by the Wall Street powers-that-be. It was just as the”(P264) + +“There were two reasons why Wall Street didn’t want to adopt it. First, banks make an enormous amount of money lending stock for short sales, and so no big bank wanted to change the status quo. Second, and perhaps more importantly, stocks now traded in microseconds; millions of shares change hands (including in short-selling transactions) in the blink of an eye. High-frequency traders would oppose any solution, like the DTCC’s, that required that shares be located and marked before being sold short. A high-frequency trade has no time to get its ticket stamped before jumping on its high-speed train.”(P266) + +**I know that was a lot here’s a quick breakdown.** + +**DTCC had a solution to fix naked short selling in 2008. They reached out to SEC to propose the changes. DTCC is made up of Wall Street execs. SEC roundtable was setup to fix naked short selling. DTCC sits on their thumbs during the roundtable because their board, Wall Street, has reeled them back in. Naked short selling is highly profitable from fee collection on lent stocks. High frequency traders don’t want to execute orders correctly, just quickly.** + +**But holy fuck. I mean everything is here in this book from ~10 years ago. ** + +Here’s some more tidbits of confirmation bias that 🦍 are not crazy & we are 10000% correct. + +“Altogether, off-market trading—in dark pools or internally at broker-dealers—accounts for nearly one quarter of U.S. stock-trading volume. For retail investor orders, it may be twice that amount.”(P271) + + +**Ohh so almost 50% of retail trades being routed to dark pools. Sound familiar ??** + + +“It would’ve been easy, and quite understandable, for us to be convinced by Wall Street’s unanimous message. But we’d been educating ourselves about these issues and we were convinced that there were, to use Donald Rumsfeld’s locution, too many unknown unknowns for us to stop burrowing for answers and prodding the SEC.”(P274) + +**Sounds like fellow 🦍 to me.** + + +“One HFT strategy is called pinging. It involves attempting to “uncover how much an investor is willing to pay—or sell for—by sending out a stream of probing quotes that are swiftly cancelled until they elicit a response. +The traders then buy or short the targeted stock ahead of the investor, offering it to them a fraction of a second later for a tidy profit. “ +There are also momentum strategies (in which traders take a position in a stock and then use HFT to generate market momentum that would benefit their position) and liquidity-detection strategies (in which traders use HFT to front-run—that is, buy or sell microseconds ahead of—incoming orders from pension and mutual funds). An SEC staffer stated that in some instances these strategies “could be manipulation” and “would concern us.”(P275-276) + +“The Tabb Group estimated in 2009 that HFT generates $8 billion in profits annually. The question is: How much of this profit is from legitimate practices this profit is from legitimate practices that benefits all investors, and how much of it is effectively an illicit toll extorted from average investors without their knowledge?”(P277) + +**TLDR: HFS deploy strategies of market manipulation to screw over average investors. Sound familiar yet?** + + +**I will leave it with one last quote.** + +“Helping other senators understand HFT, flash orders, and dark pools was one challenge. Another was to get them to care. In Washington, if an issue isn’t in the newspapers, no senator is going to care much about it.” + +**I. E. 🦍 need to keep making noise, raising awareness of the manipulative issues that exist, that our votes depend on the correction of our markets & that 🦍’s will not let these issues slide into the darkness. This also shows why every newspaper & news source ice being bought up by financial institutions.** + + + + +#TLDR: Chief Of Staff to a senator confirms every single issue 🦍’s have unraveled in last 6 months, chronicles the pervasive influence Wall Street holds on our government. + +###Our government will not listen UNLESS our independent collective voices are heard. These issues are resolved by 🦍’s. We may be the last hope of reform. +edit: + +I'll add some helpful details and a comment summary here since this post got a little traction: + +-Apparently this is a rate that I'm getting screwed at and one that I just accepted up until now + +-I'm with Wells Fargo, but it appears that it's not the only major bank with such a low interest rate + +-People in this thread are recommending Ally, Discover, and Capital One, which all have rates of 1.15%-1.2%. Some do have some requirements about how long it takes to transfer money and minimums you need for an account though. + +-Other people are recommending investing, which sounds like a good option once I have a bit more + +-NerdWallet and BankRate are two sites with helpful information for comparison here. + +-For those of you that hate math, if I switch over to a bank with a rate at 1.2% I'll be getting over $200 per year instead of $1.80. Holy shit. + +**edit 2:** Just to clarify, I'm reading every comment in my inbox. I appreciate all of them, it's just there's a bajillion of them so instead of thanking everyone personally I just wanted to say thanks here. +I've been lurking in this sub for quite a while now. Finally it's my turn to post this :) + +https://imgur.com/mQ488JS + +30 yo married no kids. I'm incredibly lucky to be working in the lucrative field of software engineering. My income started at ~$80k 7 years ago, and this year I'm projecting ~$330k. + +My wife has dabbled in different fields, spent some time in school, and now she's starting her career in healthcare with income of ~$90k. + +I'm also lucky that I got into this FI game early in my life. I started budgeting ~$60k a year for a minimum but comfortable lifestyle in the first year, and tried not to inflate it by much. But oh well, it did - this year's budget is a little more than twice that ($130k). We don’t buy really unnecessary stuff, just treat ourselves to a few nice things in life from time to time (including a house and a nice car). + +On investment: +We max out every tax-advantaged account: 401k (54k - wife doesn’t have one at current job), Roth IRAs (11k), and HSA (6.5k). All of that is invested in a basket of cheap index funds. + +With the rest of the money I like to do active investing. My investment style has changed quite a bit over the years, and nowadays I’m a big believer in growth investing. I haven’t tracked returns closely but I’m pretty confident that it’s doing better than the index. I also play with options in small amounts, and it has worked well so far. + +Mistakes: +1. Wasted a bunch of money churning cars and houses. We simply didn’t know what we wanted when we were young and went through a lot of trials and errors. Looking back, it’s not exactly clear that I’d make different choices given the circumstances, but knowing better would have helped. +2. Did not stick with early investments. I sold a bunch of TSLA at $50, MSFT at $24, FB at $65, and so on. I simply didn’t understand why I bought them in the first place and how much they were really worth. Nowadays I wouldn’t sell even if I think things are massively overvalued, as long as the growth story still holds. + +Goal: +I think I’ll start trying new life arrangements at $3M. It’s hard to predict when since future income isn’t always predictable, but it’s probably in our 40s. It will probably be too early to fully retire by then, and I’m considering alternatives such as part time, sabbatical, starting a business, etc. + +I've given up on identifying trends on individual stocks, and for the past few months I have exclusively played SPY and have done well. + +Anyone here also does this? Any tips and tricks or strategies? +Coin Bureau's new YouTube video titled, 'One World Cryptocurrency' is an obvious scam. Most of the comments on that video are probably bots. Its a 1 minute video and it just contains some slides on how to buy the new scam coin. Not sure if coin bureau is the only one affected by this hack. Guy has not provided an update yet but he will probably post something about it in his telegram channel or on his twitter account. Obviously the scam coin is on Binance Smart Chain, who could've seen that coming. This is as obvious of a scam as you're ever gonna get, please don't buy it. + +&#x200B; + +https://preview.redd.it/qqtnmjfzpmd81.jpg?width=234&format=pjpg&auto=webp&s=eeb255dee9fcc6c8fcf562c1d07a5cadd3551f4e + +Reasons why there is no way this was posted by the Coin Bureau team: + +1. Its a scam. +2. Guy does not give financial advice. +3. They don't post short videos. + +Edit: Guy has confirmed on Twitter that their account has been hacked. + +Edit 2: Some other YouTube channels that have been hacked have also published the same video. These channels include The Moon, Floyd Mayweather, aantonop and Crypto Banter +For example, if someone has a goal to earn $250 on a $2500 account per week, that is a 10% gain. + +put how can you change that mathematically to a monthly, or even to an annualized gain rate? +The January 2022 30P has a credit of around $17. So, if I think it will be over $30 by then, I could lay out the 3K, get $1700 in credit, and buy 100 shares with the credit. Then if its over $30 by jan. 2022 I walk with the whole $1700 credit, essentially getting the 100 shares I bought with the credit for free. I understand if the price goes down I will lose money, but if I am right that its over $30 by jan. 2022 I walk with the whole credit. Am I missing something? These seem like a great deal if it is actually above $30 by jan. 2022, which I believe it will be. +1. Let’s say, hypothetically, I sell CSP on *ticker* at 11$ strike and it runs ITM to 10.50$ and I am assigned. Assuming this is a stock I like and would want to buy, should I “double down” and sell another CSP at say, 10.50$ or 10$ strike? + +2. Furthermore, would it be wise for me to sell a CC on my freshly assigned shares, at the same time I’m selling a CSP? Do you think this would be hard to keep track of? + +I hope I made sense. I already have my own answer and opinion, but would like to hear yours. Perhaps you’ve tried this. +👋 Hello All! + +I’ve been running the wheel for a while now, usually happy with the gains, until the stock I’m selling calls on shoots up a crazy 50-100% overnight. + +Eg. Tilray was a sweet deal, until the WSB guys heard of it, and now it’s gonna be a pump and dump - such a waste! + +I have been getting a sweet 10% a month through wheeling, but it just breaks me to see myself losing so many opportunities of unrealized gains. Is anyone else struggling with this too? How do you tackle it? + +I know this is part of the deal - otherwise no one would pay the premium. But, I’m looking for any way you guys are tackling this crazy bull market. Everything... EVERYTHING flys up, usually for no good reason compared to the jump percentage. + +Also worried a bit about all this overvaluation. Not sure how we should prepare for a big nosedive, which might come out of nowhere. Any strategies to make the most of the bull market, while running a fair wheel in the back, while also being prepared for a crash if it might come? +Hey gang, I've been running the wheel on a few stocks with some success and wanted to get into trying poor man covered calls (PMCC). I was wondering if you had some suggestions on how to identify if it's worth buying a LEAP for a specific stock? + +Are there specific criteria to look for before buying a LEAP aside from delta being close to 0.9? For example the IV should be below a certain percent? + +Some LEAPs I'm considering for PMCC are 2022/23 Tesla, AMD, APPL, RIOT. Let me know what you've bought or had success with. + +Thanks! +What are some other decently high IV stocks you people are selling CSPs on lately? Not looking for Barchart's highest IV either where I'm 100% going to get burned. Just similar to TNA where one has a decent shot of success. +I posted this question in the daily thread, but a few people requested that I make a post for visibility and answers. + +I'm both a trader and a developer (just starting in Ethereum). There's a question that has been bothering me for the last couple of days regarding price. I know we're trading on speculation, but what exactly are we speculating on? I mean this for all tokens not just ETH. + +&nbsp; + +Let's say we're speculating on how useful a certain token will be, like BAT or GNT, then we're giving each coin a value. Do the teams behind these projects give us an idea of how much their service will cost to use in terms of the coin? Or is the market deciding how much the service will cost in fiat? What prevents the company from saying that their service will cost half a token, or 3 tokens, manipulating the value of the coin, and essentially undoing all the speculative fiat pricing on the market? + +&nbsp; + +These aren't stocks where we're speculating what the company is worth...this is currency, isn't it? Aren't we speculating what the price will be relative to the service? If the project team decides the price of their service, then doesn't speculation and variable cost of the tokens stop once the project is basically live? If not, what's to stop the traders/market from driving the price super high or super low and fucking up the whole project? + +&nbsp; + +Maybe I'm thinking about it the wrong way, but it's something that's bothered me as both trader and developer. +I ran by a new Asian market in my city, and left with two weeks worth of groceries (including fish, beef, and shrimp) for $85. Some of the highlights was $0.15 for 3 jalapeños, $0.06 for a big chunk of ginger, $0.99 for a giant bag of noodles, and $2.50 for 5 pounds of bok choy. + +I’m not sure if this holds true everywhere, but figured I would put it on everyone’s radar! +Last night, a group of money writers gathered here in Dallas for a roundtable discussion of FI/RE. This is part of a documentary project that won't be finished for a year (at least). Our hope is that it helps our subculture inspire more folks to make the leap. + +Anyhow, one of the interesting topics we covered was: What is *wrong* with the FI/RE subculture? What are the drawbacks? What do we, as early retirees (or aspiring early retirees) get wrong? What are the negative parts of this community? + +I know what we talked about last night, and I have some strong feelings on the subject, but I'm curious to hear what you all have to say. + +* Do we focus too much on the four-percent rule? Not give it enough attention? +* Are we too focused on frugality? Dominated by high-income earners? +* Too judgmental of each other? Not judgmental enough? +* Does the subculture need greater diversity of opinion? Or would we be better served by stronger "leaders"? (Not that we have actual leaders.) + +I'll give you an example: I think we, as a collective, scare off newbies. We have a tendency to be technical, use jargon, and talk about things that seem impossible to the average person. We can be dogmatic. I think we'd win more people to our way of thought if we took a softer, subtler approach. It makes people defensive rather than winning them to our side. (Note that this is just an example, and I don't mean for it to become the point of discussion in the comments.) + +**In your opinion, what is wrong with FI/RE and the FI/RE subculture?** + +[Postscript: While we voiced some concerns last night, all of us had overwhelmingly positive things to say. The FI/RE subculture is fricking awesome!] +[Tired of seeing your gains wiped away by the insane levels of Inflation in the US economy? Well, there’s a nifty little government security that can help that even billionaire Bruce Wayne (A/K/A Batman) invests in. So what’s this little known investment that the Batman himself shills?](https://youtu.be/F_MYms0wUmQ?t=1) Savings bonds! You heard me right, savings bonds, [specifically Series I savings bonds which pay interest linked directly to the current inflation rate](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm). The interest rate on I-Bonds [right now is 7.12](https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm)%! That’s a US government security that pays a multitude higher interest than any bank and more than most blue chip corporate bonds are yielding right now. The interest rate on I Bonds is adjusted to reflect the inflation rate every 6 months. At certain points, the Treasury department will also sell I-bonds that have a second additional fixed interest portion to the I-Bond’s yield, however as of right now this fixed interest portion is set at 0% so any I-bonds bought right now are tied directly to the inflation rate only. [Unlike TIPS securities sold by the Treasury department, the principal of an I-Bond stays fixed (TIPS lose value when deflation occurs). The interest rate on an I-bond will never go below 0% in the event of deflation](https://www.treasurydirect.gov/indiv/products/prod_tipsvsibonds.htm). I-Bonds can be purchased directly from the US Government via its [TreasuryDirect website](https://www.treasurydirect.gov/tdhome.htm). + +So, as with anything on here, the question becomes, what’s the catch? There is in fact a limit on the amount of I-Bonds you can purchase, $10,000 in electronic I-bonds per year can be bought through the government’s treasury direct website. [You can also separately buy up to $5,000 in paper I Bonds by electing on your tax return to receive your tax refund in I-Bonds.](https://www.treasurydirect.gov/indiv/research/faq/faq_irstaxfeature.htm) Finally, and most importantly, you must hold I-bonds for at least 1 year prior to being able to cash them in and any I-Bond redeemed prior to 5 years from the date of issue loses the three months of interest preceding the redemption. Unlike some other treasuries, the bonds also cannot be resold to other investors. I do not currently hold any series I Bonds. +Just curious on what passive income ideas the community have tried and failed or isn't working as well as you expected. + +Edit: wow this blew up overnight. very informative because all I see is survivor bias in most of the posts about passive income stream. thanks for sharing. I've had ideas to do some of the things you guys mentioned. +Me and my wife make more than 200k$ a year, so we don't qualify to contribute to Roth IRA. We were basically maxing out 401ks then sending everything else to our taxable Vanguard account. + +I was always curious about the Mega backdoor Roth i.e a way for high income individuals/couples to contribute money to Roth so that it can grow tax free. Today I finally had time to research if my company offered this (thankfully they do!) and I set it up with Fidelity. I learnt a few things so I thought I'd share my experience with you guys: + +Fidelity doesn't let anyone set this rollover on their own via their website etc. You need to call them to make any kind of change to your after tax contributions' rollovers. There are two ways of doing this. + +1. You will have an after tax contribution option in your Fidelity account, if your employer allows you to contribute to after tax. You can contribute to this after tax, then call Fidelity periodically and ask them to move this your Roth at any time you want. IRS limits your pre tax contributions(19,500) + employer contributions + after tax contributions to 57k. So you can contribute (57k - 19.5k - employer contributions) as after tax contributions. + +2. The problem with option 1 is that, any growth/dividend accumulated in the period between after tax contribution and the time you call Fidelity to roll it into your Roth 401k is taxable. Also calling them each time is a chore. To avoid this, you can call Fidelity to setup any after tax contributions to automatically be rolled over to your Roth 401k immediately, so that the gains are not taxed. The official term for this is "automatic roth in-plan conversion" + + +EDIT: Adding/editing a few things I learned from this thread, for the year 2020: + +1. I mistakenly assumed that my only option was the mega backdoor roth after maxing out my 401k, due to income limits. You can also open a traditional IRA, contribute 6k to it, then convert this to a Roth IRA - provided you don't have any other IRA. This is called backdoor Roth and can be done by anyone irrespective of employer. On top of this, if employers allow, you can do the mega backdoor roth which is what this post is about. So this brings the total tax advantaged contribution amount possible to 57k(pre+post tax via 401k) + 6k (via traditional IRA to Roth backdoor) + 3550 (HSA) + +2. You can rollover your after tax 401k megabackdoor contributions to a Roth IRA or Roth 401k. Looks like rolling over to Roth IRA can to be done only manually each time. Rolling over to Roth 401k can be done automatically, if that is part of your employer's plan offering. The advantage of rolling over to Roth IRA is that you can access the contributions any time. You can only access the contributions from the Roth 401k when you leave your employer. In either case, accessing the contributions are tax free. In either case, accessing the gains will be tax/penalty free only by age 59.5. Before that, to access gains, you have to pay tax + penalty. + +Hope this helps +I used to be a buy and holder. In these last 3 weeks, I have started to focus on day trading, but I'm not making enough transactions. + +I think my biggest problem is picking which stocks to trade. I get choice paralysis after I run the scanner. + +&#x200B; + +**I am playing with a $200k cash account which I recently upgraded to margin. So I have $400k or more buying power.** + +**I'd be happy if I could make $100k-150k from that this year**. This probably means a conservative approach averaging $500/day. + +Everyday I see stocks move 1%, but fail to capture these moves. In hindsight, these would be very profitable if you could swing 0.5-1% everyday. + +Would scalping mega caps be enough to reach my target? What other conservative strategies are there? + +&#x200B; + +Lately, I've looked at the momentum penny stocks, but always fail to act quickly enough. So I just don't play them. The only one I played was BPTH, and I got 15% profit, but I could have lost easily as well. + +Trending stocks... i tend to miss as well. I just bought TLRY at $31 today, thinking it dipped enough, but it tanked even more. Looks like I'll be holding this for break even. Good thing i only spent $1400, so it doesn't hurt much. +Is anyone interested in sharing what tech stacks they've used and enjoyed? + +I'm assuming most people are using Python or Java and utilising docker containers etc. +Ken is beat up.. Hes dying inside... The last thing that guy wants to do is go on tv and deal with PR... + +[Sorkin is his partner in crime... This was their big event yesterday... ](https://preview.redd.it/un056g0oryy71.png?width=882&format=png&auto=webp&s=a28efcbae284891427d60c2d5d9d09e46abc8d4a) + +He LIED... He said "The GME thing came and went" + +That was the entire purpose of the crap they broadcasted... + +**But why?** +I think so that institutions can use that and say to their brokers - look, this is from yesterday, Even Ken said its over - our analyst have to agree with the market makers - so you cant buy it - and so on... + +There is more and more interest coming to GME as sentiment is starting to really change and even Boomers want to buy it - Now the big banks need a bullet to defend it - they can deflect people to the youtube video and they'll believe Kenny because they dont do their own research - + +**The Ken and Andrew Wank off Yesterday was used so institutions can kill GME short sale rumors per the boss Ken -** + +And that was their biggest try yet - so I think we are getting closer and closer - and closer... fukt Hedgies... +Hey + +&#x200B; + +Just saw this in one of my TG groups, looks legit, they are just starting to gain momentum and the more we get in the TG the faster we'll hopefully all be on our way past the moon. I asked and the ultimate goal is to be a charity token so it seems they have a real plan. Here's the descript: + +&#x200B; + +"What is Red Planet Token? + +Red Planet Token is a community driven deflationary token that rewards holders and aims to build a sustainable community of space travel enthusiasts. With a reflective rate of 4% and a transactional burn rate of 2% the value is spread equally to those who hold strong in the first base on Mars. + +&#x200B; + +Tired of scams? + +&#x200B; + +🚀Well, let's do it right with this 100X Stealth Launch Token + +Tokenomics🚀 + +&#x200B; + +🔥Total supply 1,000,000,000,000,000 REDP🔥 + +🥞Soon to launch on Pancakeswap🥞 + +✔️VERIFIED CONTRACT✔️ + +Will be dropped on Launch!!! + +&#x200B; + +&#x200B; + +Low Tax of 6% + +🪐 4% Reflection to be redistributed to holders + +🪐 2% Added to locked liquidity pool + +Ownership renounced at Launch + +&#x200B; + +🚀Social Links🚀 + +Telegram: [t.me/redplanettokengroup](https://t.me/redplanettokengroup) + +Website: [redplanettoken.world/](https://redplanettoken.world/)" + +&#x200B; + +Don’t miss out on this launch. +I always thought it would suck big time to see my initial investment get under water. But now I'm there it doesn't feel as bad. + +Now though, I'm thinking about the early investors who are holding for 2 years from let's say sub $10. Not yet being under water but seeing a huge loss on their unrealised gains and see the price nearing their initial investment range. + +Come to think about it. Maybe the people in the second group are way more in pain, cause relativley they lost SO MUCH from the ath's, even if they haven't lost 'their own money'? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Dapp with 95 smart contracts passed code audits and going to be launch in main net. (For comparison, Maker has 13 smart contracts. 0x has 4. AFAIK there's no other dapp out there of remotely comparable size.) + +u/vbuterin show me your love, we lost 95% of ETH in this project +People keep mentioning 'invest in index and be done with it'. I feel that you this thought process is trickling down from literatures from developed economy (mainly US) where indices almost always outperform actively managed funds. + +Here in India, a developing economy, based on historical data, most actively managed funds have beaten the indices. Not to mention, when indices were on a freefall during covid, most actively managed funds had a - better than index - downside protection. + +What are your thoughts on the above? +I currently work part time and am really enjoying the extra time to do whatever I want. My income covers my living expenses and mortgage. + +I'm 40, married, no kids (and never will), mortgage on PPOR, $300K super, emergency fund, but no other investments. + +Mostly the general financial advice I hear (from books, online etc not a professional) is earn more, save more, invest more from as early as possible. Will I be screwed later in life if I ignore that advice and keep enjoying part time on a reduced wage? + +I prefer to have the extra time now but not if I get to the future and end up regretting not earning as much as possible now when I have the opportunity. I can't see that I will as I have a decent amount in super, but am I missing something? +Question is exactly the title. This is the one *major* nuance I do not have an answer to in the everlasting debate of traditional 401K vs Roth 401K. On Roth, it seems pretty straightforward: contribution is taxed now, but nothing will be taxed once you eligibly withdraw. However, for traditional (pre-tax) the contribution is not taxed now, but will be taxed once you withdrawal. + +Concerning the latter (pre-tax) are the capital gains also taxed when you eligibly withdrawal? Or just the original contribution? If it’s everything, then it seems obvious that Roth is advantageous (considerably less $$ are taxed for Roth vs traditional). + +What am I missing here? Why does it seem that Roth is obviously the better choice (regardless of speculation re: future tax rates)? + +Please let me know if I am misguided. Appreciate your time and thought :) +The stock market won't keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, Vanguard's chief investment officer, Greg Davis, said. + +"If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5 percent median annualized return," he told CNBC on Monday. "Five years ago, we'd have been somewhere in around 8 percent." + +"Our expectations have clearly come down," Davis added. The historical average annualized return for the stock market, accounting for inflation, is about 7 percent. + +The [S&P 500](https://www.cnbc.com/quotes/?symbol=.SPX) — which has soared about 15 percent since its Christmas Eve closing low, after three months of turmoil — is at the "high end of fair value," Davis said on ["Squawk Box"](https://www.cnbc.com/squawk-box-us/) from the Inside ETFs Conference in Hollywood, Florida. + +Davis sees earnings growth slowing to somewhere in the single digits this year, after last year's much stronger rate. As for the economy, which is coming off what's expected to be about a 3 percent growth rate for 2018, Davis sees U.S. [gross domestic product](https://www.cnbc.com/id/44505017) rising around 2 percent this year. + +With stock market returns slowing as earnings and economic growth cool off, Davis said Americans are going to need to save more and save for longer. + +Vanguard, the mutual fund giant founded in Valley Forge, Pennsylvania, in 1975, has about [$5.3 trillion in global assets under management](https://about.vanguard.com/who-we-are/fast-facts/), as of Sept. 30, 2018. + +&#x200B; + +[https://www.cnbc.com/2019/02/11/vanguard-cuts-expected-return-for-stock-market-over-the-next-decade.html](https://www.cnbc.com/2019/02/11/vanguard-cuts-expected-return-for-stock-market-over-the-next-decade.html) +Forget the damn beer flu, this retarded sub is FAR more infectious and dangerous. I was just a normal fucking 26yr old guy who works a factory job and throws 2% into my 401k and 50 bucks a week into savings. Then I found this sub and now ive spent the last 2 weeks reading up on options trading and strangle strategy and shit. That's right I've spent my down time reading dry ass information about stock market options. I like fucking actually just woke up from a dream where the market opened green and skyrocketed monday. I'm so sick in the head I grab my phone and check robinhood for no reason. Because of you assholes I grind my teeth everyday just trying to fight the urge to set all my cash on fire with YOLO calls on a fucking space taxi company. Yall are sick and need to be stopped, this is no way to live. +I have searched the internet but I am not having a lot of luck finding good advice for my situation. As this is a community that probably buys expensive houses, I'm hoping you can help me out. I am living in a VHCOL area, and my wife and I are looking to buy our first home in the next \~2-5 years (we can be somewhat flexible). Homes around me start at \~1 million dollars, so we will likely need at *least* $200,000 for a downpayment (more if we want a bigger home). Right now, we have \~$160,000 in a taxable account for a downpayment, and we add an additional $2000 per month. We both make good salaries, and we could potentially put an additional $6000 per month towards the house if we needed to but it currently goes to tax-advantaged retirement accounts. In July 2020, I am very likely (>95%) to get a salary increase of \~$6000/month that will mostly be put towards the house as well. + +&#x200B; + +Given all that, where would you keep the $160,000+ dollars for the time being? It seems like a waste to keep it all in cash, but if there were a large recession and we couldn't buy a house when we wanted to (and prices were low) that would be a big bummer. We are also thinking about starting our family soon. What do you think about a large percentage in a bonds ETF? + +&#x200B; + +I'm sure others have faced this scenerio, but I haven't found a lot of specific guidance for these high downpayment amounts. Most websites advise you to hold a downpayment in cash, but that usually assumes \~$30,000 - $40,000 saved and a lower income generating ability. Thanks in advance for your advice. +I live in Northern California where home prices are really high. I am currently 26 years old and single. I make $85,000/year and the only debt I have right now is $12k on a car (the car is worth about $22k, so there is some positive equity). My total assets (cash, 401k, etc.) is a little over $100k. I just got pre-approved for $500k mortgage with 5% down (No PMI required). However, I think at this point that might be too much. I get taxed like a SOB due to the fact I’m single and have no dependents. I expect my salary to increase a bit next year, but my whole life I’ve seen my parents make terrible financial mistakes and I don’t want to be in any financial mess in the future. Also my parents will be living with me since they are unemployed (my mom due to health issues and my dad company shut down during COVID pandemic). $500k doesn’t get you much here in California, but I don’t want to overextend myself since I have no other support but myself financially. ***UPDATE: I didn’t expect this post to blow up like this but I really do appreciate all the advice that was given. I will definitely not max out to the limit I was approved and will take things slowly to think also wait out the market to see how it reacts after things go back to “normal”. I’ve put my foot on the gas pedal about getting ahead in life most of my adult years and reading some of the comments here made me realize it’s okay to slow down. When you grow up with nothing, it leaves you with a burning desire to grab everything you can. But it’s unhealthy. I’ve realized at this point, I need to take a pause and reevaluate my goals. A lot of valuable information was given and I’m very grateful for it. Hope everyone is staying safe and heathy, thanks again!*** +[https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/](https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/) + + June 28 (Reuters) - Bank shares boosted the Dow Jones and the S&P 500 indexes on Tuesday as the big four lenders raised dividends following a stress test, but a sharp drop in consumer confidence brought to fore the risks from rising inflation. Wall Street's main indexes started the week on soft footing on worries of rising prices and an aggressive Federal Reserve dominated sentiment. Economic data remains at the forefront of investors' focus amid few market moving catalysts till the start of earnings season in two weeks. +My wife was trying to sell some shoes online. The buyer 'accidentally' included more money in the cashier's check that they sent. Now my wife has a cashier's check in her possession for something like $1600 when the total is more like $100. The person who sent it is now calling and texting in broken English wanting the extra money back. + +What can she do at this point? The scams I have read about follow the pattern that they will have you pay the overage, ship the items, and then the original check bounces somehow. But since she already has the check in her possession, what can she do? If there's some small chance the person is legitimate, is there some course of action that would allow the legitimate person to recoup their money? Just send it back to them? +Am I the only one who thinks the world has gone insane? + +The hottest stocks out there are ones with price to earnings ratios of 100+ (or some multiple thereof). + +Their only business model is to grow their stock valuation and to put everyone else out of business. + +The "real economy" is approaching 25% unemployment and the first drop in real GDP in decades. + +CEO's say "nothing to see here, move along, wait until 2021 and maybe earnings will be better". + +But people keep buying stocks. Anyone who tries to make money shorting will be drowned out by everyone else's FOMO. + +It's like the Fed pointed a gun to our heads and said "buy tulips, or else." + +This is not a market anymore. +Bought a condo in 2020 as primary and after staying there for 2 years i bought a single family this year and moved into the new place . Just a month back I engaged a property management to list my condo as a rental and now it's occupied with tenants. I failed to tell my condo's lender bank about this change and am wondering if I committed mortgage fraud by mistake .. Please help advise what should be my next steps ? +*Originally posted in [/r/PhilosophyofScience](http://www.reddit.com/r/PhilosophyofScience/)*. + +[Game theory](http://plato.stanford.edu/entries/game-theory/) has had some [limited success as a descriptive theory](http://en.wikipedia.org/wiki/Game_theory#Application_and_challenges) in economics, biology, computer science and even philosophy. One of the cornerstones of game theory analysis is the [Nash equilibrium](http://en.wikipedia.org/wiki/Nash_equilibrium), a state of the game where no player can improve his/her outcome by changing his/her strategy without causing an opportunity for a better outcome for other players by changing strategy. (Yes Nash was that guy that the movie [A Beautiful Mind](http://www.imdb.com/title/tt0268978/) was based on). + +Games may have multiple Nash equilibria and it is generally agreed by theorists that the best outcome for all players, if one exists, must be a Nash equilibrium. Nash himself believed that even though in practice, equilibria of games might not be achieved, they will always tend toward an equilibrium point as games are repeated. Conditions for this to occur include the requirement that all players are "rational" and that all players have perfect information about payoffs and possible moves. + +**This assumption/definition of rationality is where the trouble for game theory begins.** + +One of the problems with these assumptions lies in human psychology. Consider what is known as the [ultimatum game](http://en.wikipedia.org/wiki/Ultimatum_game) between two players. A fixed amount of money is to be shared among two players. One player is selected to make an offer about how much he will keep and how much he will give to the other player. The other player then has the option to accept or reject the offer. If he rejects the offer, both players get nothing. If he accepts the offer, the players get the agreed amount. In a one-off application of the game, it is "Nash-optimal" for the second player to accept any non-zero amount the other player offers. However this is [not what happens in practice](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=286428). The average offer is 40% of the total and 16% of all offers are rejected. + +**But disagreement with experiment is only the start of the problems for the Nash equilibrium concept**. + +Consider the game called the **[traveller's dilemma](http://en.wikipedia.org/wiki/Traveler's_dilemma)**. A referee asks two players to write down any dollar integer between 2 and 100 without conferring with each other. If both write the same number the referee will pay each of them that amount. But if they write different numbers, he will pay both of them the lower number along with a bonus and a penalty. The person who wrote the lower number will get $2 more and the one who wrote the higher number will get $2 less. For instance, if Player 1 writes 46 and Player 2 writes 89, Player 1 will get $48 and Player 2 will get $44. (For a more extensive and informal discussion of the game and its consequences see [this blog post](http://blog.adamnash.com/2007/11/13/the-travelers-dilemma-irrational-choices-altriuism-or-implicit-collusion/). To try a simulation of the game yourself [go here](http://veconlab.econ.virginia.edu/tddemo.htm)). + +There is one unique Nash equilibrium for this game - both players write down $2. Yet this seems to defy all common sense. They could have both offered much larger numbers and both have been much better off. In fact this is **[what happens in live experiments](http://docs.google.com/leaf?id=0B5in3UhbNXiJNmM5MTg1NWEtMjc2Ny00NDRjLTk2NDAtNjNmYmIyODg3MWZk&hl=en)**. According to the theorists, this implies that humans are simply *not rational*. (For a detailed description of the problem and proposed resolutions, see **[this seminal paper on the problem](http://docs.google.com/leaf?id=0B5in3UhbNXiJNjVkMWUyZjQtOWE4Ni00MmRiLTlmN2YtMmRhOGU2YzFhNDEz&hl=en)**). + +[Douglas Hofstadter](http://en.wikipedia.org/wiki/Douglas_Hofstadter) (author of *[Godel, Escher, Bach](http://en.wikipedia.org/wiki/G%C3%B6del,_Escher,_Bach)*) proposed a new definition of rationality he called [superrationality](http://en.wikipedia.org/wiki/Superrationality) whereby each player knows not only that his behavior is rational, but that the behavior of all players is rational, and all players know that all players are rational, and all players know that all players know that all players are rational, and so on. Hofstadter reasons based on this assumption, that superrational players would for example, agree to collude and keep silent in the [Prisoner's Dilemma](http://plato.stanford.edu/entries/prisoner-dilemma/) game (in which the unique Nash equilibrium suggests that both players should confess). + +In my mind, if game theory analysis can yield results so plainly counter-intutive as that of the traveller's dilemma, what confidence can be had in equilibria analysis of more complicated games? Is the game theory definition of *rational* - naively and selfishly trying to best an opponent to improve one's own localised outcome - in any sense valid? What do our readers think? +To start off i severed my tricep muscle and 1 1/2 arteries from my injury. I was taken to to the hospital which saved my life and was on unemployment during this time. I had health insurance through mass health and the week of my injury i was up for my 3 month unemployment review. So unbeknownst to me health insurance stops during this week. + +I did take steps to get this resolved through unemployment and mass health but long story short they gave me a massive run around. They basically gave me the option of lose your benefits to "try" and be covered for mass health during that week. If i knew what i know now i would have taken the risk but money was much more important during that time! +This happend 5 years ago when i was was 23. +I received a letter about a year later from a law firm showing i owed over 50k in medical debt. I have very high anxiety and stress very easily, It has always got the better of me. After seeing that paper work i procrastinated to try again getting this resolved. + +I have a career now and hopefully will be purchasing a home soon. Im nervous to see if my medical debt will show when i apply for a loan or how it will effect my credit. What ever steps and information i receive will be greatly appreciated! Im in the heating and cooling field and if theres anything i could help you with to return the favor feel free to ask. Thank you again for your time and support! +It’s been talked about in here before for a short minute but now the project has gone LIVE and it has sold out 250 BNB for a BRAND new project with barely any shelling it’s time to talk about it again. A cool project with a very transparent dev and a good ass looking website. Martian! + +&#x200B; + +In 24 hours the telegram has grown 800 members now coming up to 1.1k members! The growth this coin has been having so far is insane. With a 100k market cap the potential is huge. Developer has renounced ownership of the coin and the dev wallet is locked for at least 3 months so people don’t have to be scared of an dev dump. + +&#x200B; + +What is Martian you might ask? Glad you asked! + +&#x200B; + +Martian is an fun, engaging, community-driven project. Using tokenomics tried-and-true HODLERS of MDAO will take advantage of frictionless farming token that employs 3 simple functions: Reflection + LP acquisition + burn. For each trade, the transaction is taxed at an 8% fee, which is split 2 ways. 4% is redistributed to all existing holders + 4% is split 50/50 of which half is sold by the contract into BNB whilst the other half of the MDAO tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancakeswap to ensure the LP pool keeps growing. + +&#x200B; + +MDAO is a themed-based crypto game, an experimential project with the goal of building a martian army. Every two weeks Martian DAO will release an exclusive pre-sale which for the purposes of MDAO will be called missions. For example our first mission after launch will be mobilization. The pre-sales rolled out by Martian DAO are designed to be fun but high-risk, high reward projects. The goal of the projects are: + +&#x200B; + +1: To build the martian community and strengthen our army for future missions + +2: Raise capital to be used for BUYBACKS and BURN events. Team expansion and marketing aswell. Some future plans also include a launchpad for the public to create their very own missions. + + Website: [https://www.martiandao.net/](https://www.martiandao.net/) + +Twitter: [https://twitter.com/MartianDAO](https://twitter.com/MartianDAO) + +Telegram: [https://t.me/MartianDAO](https://t.me/MartianDAO) + +Discord: [https://discord.gg/7Fqv5xvx4U](https://discord.gg/7Fqv5xvx4U) + +Contract: [https://bscscan.com/token/0x904d7Ac5d005d16DBDc69f713D029e3C1800F8Ca](https://bscscan.com/token/0x904d7Ac5d005d16DBDc69f713D029e3C1800F8Ca) + +PLEASE DYOR. This is an experimental fun coin so PLEASE don’t invest more than you can lose! +Hello dear investor! +I'm really glad you stopped by to check out why xxxNifty could be the next boom in Everything adult, including but not limited to NFTs & Adult Content. + +xxxNifty is a registered business, utilizing Blockchain technology with it’s utility token, in several facets of their business. Some key points about xxxNifty include : + +Launch of Alpha release of Pleasurely.com, xxxNifty's Adult Social Platform. (OnlyFans Competitor) + +- The World’s Largest Adult NFT Platform, to date. Their Utility Token $NSFW is used for purchases in the marketplace. + +- Merch.xxxnifty.com is the xxxNifty Merch store! + +- Nsfwpay.com making buying $NSFW a breeze via flooz trade! + +-2 Top 10 Exchanges on the way! + + +If this isn't enough, On Pleasurely.com, interacting with creators will be as easy as the push of a +button! Tip with $NSFW. Interact in live streams with $NSFW. Messaging and unlocking posts +and other content With $NSFW! And lastly, Interacting & Unlocking creator’s social feeds with +$NSFW! Once launched, the team will be looking into furthering and expanding the platform as +well! + +Just sold an OnlyFan xxxNifty Amouranth OnlyPunks NFT for over $125,000 using $NSFW on their adult NFT marketplace. + +Monday Stormy Daniels OnlyPunks NFT Auction! + +✔️700 Adult NFTs on their Marketplace. +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily +✔️600+ NFT sales. Over 200 1of1's +✔️8 partnerships w/Agencies +✔️8 Brand Ambassadors +✔️Deflationary Tokenomics benefit holders +✔️Daily NFT sales +✔️$27 million MC, 2 working platforms utilizing the utility of their native [NSFW] token +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved + +The number of holders, content creators, and partners is growing day by day. Check it out for yourself as well, be a member of an industry changing project, and join an amazing community! + +TOKENOMICS + +Total Supply 69,696,969,420 + +2% LP Pool Growth +2% Holder Reflections +2% Burned +4% Marketing & Dev wallet + +Over 40% Of Supply Burned +Liquidity Locked +Liquidity is locked for 12 Months on Pancakeswap +========================================================== + +🌐Website: + +SFW with: https://nsfwpay.com +NSFW: https://xxxnifty.com + +========================================================== + +📱Telegram: + +https://t.me/xxxnifty_official +https://t.me/xxxNiftyAnnouncements + +========================================================== + +🟦Twitter: + +https://twitter.com/XxxNifty + +========================================================== + +📃Contract : + +0x9daaa05946e486add2c81e0d32d936866b8449d9 + +========================================================== +🔒Liquidity is locked for 12 months +We have had an offer accepted on a house built as part of a new estate in the last 6 years. Surveyors measurements on original DP has 775 crossed out on the plan and 658 written underneath, matching the measurements on the plan. That's a 15% difference. + +Should I get a new survey to see what the current state of play is, and if not 775 square metres should I bring this up during contract negotiation and ask for a price reduction of equivalent percentage of the undeveloped land value? Difference would be $40k, which would put the price back to $10k under my 1st offer, which was initially rejected. + +Edit: Real estate and Valuer general says the property area is 775sqm (from plans) and, the value based on this much is what rates and such is calculated from. +In 2020, I bought and sold stocks 4,000+ times. I started the year with $40,000 and ended the year with $40,400 so a profit of $400. I didn't own any stocks going into 2021. I never shorted or borrowed on margin. + +However, broker's tax form shows that my realized loss is -$226,000 so I'm getting a $3,000 capital gains loss credit on my taxes. It shows my total proceeds were around 21 million and total cost basis was around 21,256,000.00. + +How is that even possible? I ended the year with more money than I started with yet it says I lost $226,000 and I get a 3k tax credit, it makes no sense? + +Also, I did day trade many of the same stocks in January of 2021 and pretty much broke even and after selling everything, my 2021 tax info also shows a pretty large realized loss so far even though I broke even. + +Does this make any sense? + +&#x200B; + +\*UPDATE\* I think I figured it out guys. There are 4 numbers on my brokers statement: Proceeds, cost basis, wash sale, and realized gain/loss. Turbo Tax just asks for the proceeds and cost basis and figures out the rest. + +The wash sale column is +$226,400 and my realized loss column is -$226,000 so if I deduct the wash sale, it comes out to a $400 gain which is what I had. There were no instructions in Turbo Tax about this but it looks like I just deduct the wash sale column from the realized gain/loss. I get the same result when I also deduct the wash sale from the cost basis. +Firstly not even sure why this hotel is listed on there! + +So I booked a hotel on lastminute.com for end of April, then checked the reviews (which I should of done first) and all previous reviews are 1 star saying that they cancel last minute saying you haven’t paid and still charge your etc. + +Soon as I read this I cancelled my pending payment to them on PayPal and cancelled the booking on last minute even tho it said they will still charge me £200. + +Basically where do I stand with this? Am I lucky enough that I’ve cancelled the payment early, can I get my money back if they do charge me later in the week? + +UPDATE - phoned last minute, apparently I cancelled the booking quick enough so that it didn’t get confirmed and therefore can’t charge me, if I had waited any longer it would of been confirmed and wouldn’t receive a refund due to cancellation, thanks for all the replies and info! Glad it’s sorted +Once the companies start reporting their results, there's no doubt that most industries will be reporting negative, or much lower earnings at best. +What is your strategy if your portfolio is ~30% in the red? Wait and average it out, or accept losses and invest again? +I've been invested in MAIN for the past 7 months and the monthly payments have really supercharged the compounding effect with the added bonus of acting as a motivator to keep investing. + +Would anyone recommend other monthly payers? +Hi everyone, + +I’m a Canadian newbie investor on track to save $170K (working two jobs, in healthcare). Hoping to invest $170k Canadian now and $100k/year for next 2 years. Was going to just park it all in QYLD and SPY (70/30) and use the dividends to help me reduce the number of hours I need to work and perhaps travel in next 3 years, do you guys have an suggestions on this approach? + +I appreciate any and all feedback. Sorry I’m a complete noob to investing, just trying to reduce the numbers I need to work. +Hi guys! + +This is my first post; I'm an avid reader for several months now, but I've just started dividend investing 10 months ago and was learning / practicing along the way. +I'm an EU citizen, 40 years old, and due to EU regulations I can't have exposure to all the wonderful ETFs you have in the US, but I have access to NYSE/NASDAQ stocks through IBKR pro. Since March 2020, I've been purchasing every month about 500$ worth of stocks. Some months I've managed to even put around 1000 $. My portfolio is currently at around 9,000 $ (about 10% unrealized profit), current dividend yield 4,6%. +My largest positions: T - 10%, ABBV - 9%, LMT - 8%, AMZN - 7%, MO - 6,5%, AAPL - 5,5%, MSFT - 5%, STX - 5%, PPL - 4%, WFC - 4%, DOW - 3%, XOM - 3%, INTC - 3%, O - 3%, C - 2,5%, KO - 2,5%, EPD - 2%, MFA 1,5%, ET - 1,5%. The rest are all below 150$: PAA, GOOGL, IBM, JPM, DUK, CVX, IRM, KSS, FB, KHC, ARR, TRGP, IVZ, AGNC, SLB, NLY, LTC. + +As I was purchasing and learning along the way, I'm aware I have too much different positions. I still haven't sold any position that I have (for the better - some losers are becoming winners; specifically - WFC, MFA and ET). I'm getting ready to trim down to about 20-25 stocks, and then strengthen the positions that remain. But, given the fact that I currently have 36 positions, I frankly don't know where to start. + +I would really need some advice. My time horizon is at least 10 more years of investing. + +Thanks in advance! +They know today was supposed to be of significance to retail investors. They know retail is waiting for proxy statements. They know retail is hoping for a dividend. They know retail is hoping for a share recall. They need retail to fold before any major catalyst happens. + +DO NOT FALL FOR IT. + +TAKE THOSE DIAMOND NUTS AND LAY THEM OUT IN THEIR FULL GLORY FOR EVERYONE TO SEE. + +Edit: admittedly so, Rensole did unintentionally give them some ammo to try to divide us. In no way is he a shill. He's been here since the beginning and he is trying to temper expectations. 10 million is life changing money and it gets people emotional. In the end, who cares if he doesn't think it will go that high? If you believe it will then you fuckin HODL. It is YOUR investment and YOUR investment alone after all. + +See you all wherever this fucking black hole leads to. + +🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hello friends, + +I need some help with my finances. I've read the flowchart in depth, and just need to make sure that I'm interpreting things correctly. + +&#x200B; + +About me:Take-home each month: around £3100. + +Debts: + +Main: £83,000 at at interest rate of 3.75% + +Student Loan: £30,500 at 1.75% + +Parent's Loan: £29,000 at \~0% + +&#x200B; + +So yes I am in a huge amount of debt and need advice as to how to approach it. + +The £83,000 minimum payments will be £700 from November for a year, at which point it will rise to minimum £1000. + +The student loan is normal plan 1, I don't intend to over-pay. + +My parents are insisting that I don't need to pay them back for the £29,000. They have done so much for me over the years, they are being generous to the point of silliness. If possible I would like to pay them back the full amount. + +&#x200B; + +My goals: + +\-Pay off loans. + +\-Buy a house as soon as possible ( I have £7,500 in a LISA for this so far). + +\-I also need to buy a car in 2 months time. + +\-Not live in poverty + +&#x200B; + +I currently have about £1,000 liquid cash. + +&#x200B; + +So how would you go about tackling all this? The flowchart says to pay off debt if >4% interest, however my large chunk of debt is at 3.75%. I feel like I should be making more than the minimum repayments (by a long way). How should I go about setting my priorities? Should I be putting savings in 5% current accounts instead? Anythings else I should consider? I know to first of all get a big enough emergency fund. + +I feel so lost, like the numbers are so big that if I make the wrong decision it will cost me thousands of pounds. + +&#x200B; + +My salary is 49K, will go to 65K in two years and should reach 108K in 6 years, if I follow the standard employment route at my company. + +&#x200B; + +Thanks very much in advance, + +A very lost person + +&#x200B; + +Edit: Current monthly outgoings for those who asked: + +\-Rent £675 + +\-Food £200 + +\-Fuel £80 + +\-Fun £300-£400 (too much I know) + +\-One-offs: Still settling somewhere so realistically £300 +Hi, + +I've noticed that a lot of people here will say to young people that they should invest in themselves, ie, learn to drive, get a new qualification etc. + +But I notice that these posts are sometimes fairly brief or not very specific. So, I thought it would be interesting to see some different ways in which people in this community have invested in themselves, and how this then affected their personal finances. + +I think any less common approaches would be really interesting as well to see what ideas are out there for others to consider. + +&#x200B; + +What are your thoughts? +[13-F Statement](https://www.sec.gov/Archives/edgar/data/1067983/000095012320012127/xslForm13F_X01/primary_doc.xml) reveal that BRK.B has around $9B in an undisclosed investment (filed secretly to SEC) that it is slowly building positions over. + +$9B, and it’s still not done??? + +That means the company has to be at least $180B in size, otherwise SECs 5% ownership rule would kick in(although it could receive special exemption). + +Since BRK.B is not done yet, we can assume it’s a very big fish with a very large float, otherwise that stock could likely go vertical due to lack of supply of shares. + +There are not many companies that fit this bill, which company could it be? + +Some people are thinking it’s TSLA but I am kind of doubtful. In the same time, there's cause for suspicion, as huge TSLA shares have been out of trading action and Buffet himself shot the possibility of investing in TSLA in an Yahoo Finance interview(which gives more flame to the fire, since Buffet has a history of being tight lipped and saying the opposite of what he actually does). + +Last time BRK.B made a purchase in Philips 66 using the same disclosure facility. + +Or are we just overthinking and BRK.B made purchases in various separate companies? +Background: Quit my job of almost 5 years back in December. Plan was to take some time for myself before lining up another gig. Starting the new job next week. + +Financial status: Income from my small business makes just enough to cover my expenses. Have a couple hundred grand invested across retirement and brokerage. Own (with mortgage) primary residence & one rental property. Unmarried with no kids, but in a serious relationship and we live together. + +A lot of the things I've experienced during these 6 weeks away from the working world have been eye opening, while also being things people have totally said to me on this sub before. Nevertheless, now that I've lived them they're obviously resonating with me very strongly. + +***Workaholics are workaholics***. I've always been a Type A personality, and despite bountiful dissatisfaction with the job that I left, I have been very motivated in terms of my FI/RE and general life goals, and untiring in terms of pursuing any opportunities that come my way. Sometimes it's stressful to be this way. + +To the surprise of no one, taking 6 weeks off from committed work made this worse if anything. By the time about 2 weeks had passed I found myself having accepted two new freelance consulting projects, telling myself that they were great opportunities to further my skillset and earn some extra money. + +In other words, despite seeing from a distance the mental health benefit of dialing down my relentless pursuit of career and financial success, when push came to shove I was pretty quick to give up on that. + +If I RE someday I see it being a real challenge for me to find purpose. I see myself as someone who will struggle with "one more year" syndrome and moving goalposts because I have so deeply trained myself to seek these things. + +***Social interaction provided by work*** I've seen a lot of people on this sub warn about feeling lonely or understimulated socially after leaving the workplace. This wasn't my experience at all. I'm introverted and I think even after 6 weeks I haven't fully bounced back from the extremely socially drained feeling that my old job left me with. I definitely don't feel ready to start forcibly interacting all day again with people I didn't choose. + +I really enjoyed going to the grocery store and other errands at weird hours when it was much quieter. I didn't notice it taking less time but it felt a lot less overwhelming to me. + +When I envisioned my sabbatical I thought I'd feel super eager to do things with my friends so i overcommitted in advance to all sorts of things, thinking I'd finally feel great about attending them. But when the time came I felt similarly socially wary about doing them as I did when I had a full-time job. I guess this trait is more inherent to me than I previously understood it to be. I previously thought it was more related to job stress. + +***Relationship hurdles*** My relationship was canonical throughout this time period. Maybe it would be different if both partners were on a sabbatical at the same time. There were still the same relationship challenges as always that cropped up. I wasn't magically okay with things that previously bothered me. I didn't magically find it easier to make time for solving difficult relationship problems. Those are just always hard. + +I had these visions of having awesome dinners ready for him when he got home from work in the evenings but this never materialized. I always managed to become busy with other things and find it just as difficult as before to prioritize making healthy homemade food, and by extension, the general frequency and intensity of doing nice things for my partner. + +***Money stress*** I hardly thought about money at all and this was probably one of the best parts of the break. I did some serious planning in advance to ensure I had the correct size cushion of cash. My business has a separate bank account and I made a point of not drawing from it, so I really was living off of savings. I went about my life, hardly thought about what I was spending, logged into Personal Capital maybe once, and didn't bat an eye about the stock market drama the other day. + +I hope if I RE that I will feel similarly confident in my own planning that I can achieve some level of cognitive dissonance about declining money :) + +***Tl;dr / summary*** When reflecting across all of these points and the rest of my time away from work, there is a clear pattern to me. + +As we go through our lives we're wiring ourselves a certain way, and nothing about changing our job situation will magically change our wiring. It won't make us better or different or happier people. I was the same person as always and this was both comforting and scary, but eye-opening most of all. + +If I want to be kinder, more compassionate, less stressed, more mentally healthy, or have better social skills, then I simply have to take direct initiative about these things; waiting for a change in external circumstances is strictly a waste of time in that regard. + +If anything comes from this post, I hope that these words find someone who needs to read them! +In Sept '20, I quit one startup to join another for an executive position. The PE firm had seemed positioned to make a quick buck by selling the company. As for me, I was excited about the title, work, money, and the ability to shine in the role. + +Sadly, my experience with the new startup was very odd, mentally exhausting, and forced me to therapy. The signs that the business was going to sell soon had diminished. Instead, there were talks about infusing more cash to get to an improved state before a sale would be imminent. The toxic company culture filled with executive egos, peer aggression, management lies, and outright hypocrisy got the best of me, and I decided to step down by mid-Sept'21. + +About three months later, the company sold for $750MM, and the deal wrapped up before the end of 2021. My biggest regret came on quickly. If only - I could put up with the culture, I could have benefited close to 2MM as part of my equity. I'm 45 and have never been this close to making this amount of money in such a short time. I feel bummed about losing out. With 20/20 hindsight, I now see that putting up bullshit culture could have been a start to building my FatFIRE. + +I'm still processing the anguish from my experience being there and weighing it against a boatload of quick money. I'm curious to learn what you would have done in a similar scenario? I hope to use your broader and wiser perspectives to help me heal and move on to other bigger, brighter, and better things. + +Thanks so much. +WHY DO I NEED TO KEEP MESSAGING PEOPLE THAT THEIR BAR CODES NEED TO BE COVERED? + +JUST FROM THIS PAST WEEK ALONE, I HAVE MADE DOZENS OF DIRECT MESSAGES GETTING PEOPLE TO REMOVE THEIR POSTS AND REUPLOAD THEIR PICTURES WITH CENSORED BARCODES. + +WHY WOULD YOU BE SO LAZY AS TO NOT SCRIBBLE OUT THE VERTICAL LEFT HANDED BAR CODE EVEN THOUGH YOU COVERED THE REST OF THEM ON YOUR DRS LETTER?? IT LITERALLY TAKES SECONDS OF YOUR TIME TO STOP SOMEONE FROM GETTING YOUR MAILING ADDRESS FROM THE LEFT HANDED BAR CODE. + +DUDE! BILLIONAIRES ARE PAYING SHILLS TO PROWEL SUPERSTONK AND FUCK US. THEY KNOW THAT WE HABE THE ONE THING THAT THEY N E E D TO SURVIVE. WHY THEEE FUCK WOULD YOU SKIMP OUT ON CENSORING ONE OF THE BAR CODES??? WHY SKIMP ON SAFETY? WE ARE RETARDED, BUT WE’RE NOT THAT FUCKING STUPID NOW, AREN’T WE? + +FUCK. COVER YOUR SHIT. +So let me get this straight: A bunch of dudes who spent months shilling you their bags, made millions in the process while leaving you guys hanging with huge bags of coins after a crash and at a massive loss, charging you guys as much as 3000$ 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. +Went to a restaurant on Friday, they happily accepted Amex payment. Went the next day, they say that they don't accept Amex. This has happened with a couple of places. Is there a reason why businesses do this? +Considering the “what are you driving” thread was a success (https://www.reddit.com/r/fatFIRE/comments/opq0df/what_are_you_driving_what_do_you_wish_you_were/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I figure I would try the same with everyone’s living situation. + +Questions +1) country/region - e.q. United States Northeast +2) Is it a home, apartment, van down by the river? +3) is it your forever home? +We were supposed to move for my husband's new job this year but now we will be working remotely until June 2021. So we don't have to move but my husband is worried that the market will get crashed next year with people moving to real suburbs. I have a feeling this year would be a good year to sell but next year maybe ok with it being a year following the election cycle in DC. + +What will you guys do? + + +Edit: thanks for all your responses. I carefully read every comment and now feel clear as mud. +Hi, I am from Hong Kong. So, first thing first, sorry for my horrible English, I hope reading my post won't give you headache ;P + +I discovered FIRE a year ago and read several books and binge listen to a lot of podcasts. Most of them are from US/Canada, while I can still find many useful information from them, I find myself sometimes feel really alone in my pursuit of FIRE. + +Nobody in my circle is pursuing FI, they don't even know what FI is. + +If any of you are from HK/China/Asia countries, please say Hi :D + +&#x200B; + +\- + +{Edit} wow! I cannot believe there are so many FI folks from Asia/HK out there. Thanks for all of your comment and suggestions. + +A little bit of my background: + +\- 27 F + +\- not married & no kids + +\- no debt + +\- Have a 2-years Emergency fund, started investing in ETF last year when I discovered FIRE + +\- with a master degree in science, but the master degree does NOT lead to a 6-figure income. (a degree in science is not lucrative in HK) + +\- NOT from rich family, NO trust fund + +I'm not an expert in investment,so I just buy ETFs tracking Heng Sang Index (HK) & S&P 500 regularly. + +Feel free to share your tips of FIRE in HK, I would Love to learn from you :D +Good Morning Superstonk! + +Now officially a pickle, I'm ready to scribble even more furiously with my crayons than ever before. + +I wanted to seriously take a moment and thank all of you apes for all your support knowing you are watching and interested in learning has been what has motivated me to do this every day for the last few months. Thank you all so much for the kind words, encouragement, and motivation. + +I'm pretty stoked on this week we had a very nice period of consolidation and I'm think that today or tomorrow we should begin to see some upside. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oe8h49/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 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... + +# Closing Bell + +I suspect the SHFs are holding the price down throughout the day then allowing it to climb/covering a small amount of daily shorts towards power hour in order to spike the IV for the next morning. Possibly in order to make gamma ramps more expensive to set up. Either way rough day but we had that nice bounce a couple times down @ 194 closing in on 200 in aftermarket. Thank you all for tuning in and see ya tomorrow + +\- Gherkinit + +https://preview.redd.it/ugxq6166fn971.png?width=705&format=png&auto=webp&s=3fc1bca6cbcd2cfd39cd661625690cb2ed7e2e27 + +Edit 7 3:23 + +Moving up to another test at VWAP hopefully some volume before close to get us back above 200 would be fantastic. + +https://preview.redd.it/qcp7rcv68n971.png?width=1508&format=png&auto=webp&s=b53e3812055918a11b8b2520cb52447c77607435 + +Edit 6 1:57 + +Nice bounce off that long term trend. Some Iran uranium stuff has the spy getting all excited. Easing that downward pressure we could have a nice power hour. + +https://preview.redd.it/tqz0h6zzsm971.png?width=1640&format=png&auto=webp&s=f28f040e9f9165b5493bf89a2d09ea71cfeb7684 + +Edit 5 12:52 + +Still down and sideways trading on top of that long term resistance now at 194 + +https://preview.redd.it/ydstjf6ahm971.png?width=1430&format=png&auto=webp&s=4bea1fce381547e750d55c6a613000af2e38f91d + +Edit 4 10:45 + +GME and SPY running real close but our lack of liquidity is preventing bigger dips. Apes hodl. + +https://preview.redd.it/hwp00n4oul971.png?width=1621&format=png&auto=webp&s=3f1e57cd6f5e34b842fec378a81b93f8fad256bb + +Edit 3 + +Double bottom might see a bounce the volume is still sub 1m so maybe just back to 200\~ + +https://preview.redd.it/b9vt0quiql971.png?width=1630&format=png&auto=webp&s=819af0883e2cb20604014c983ae799a127ad4fa2 + +Edit 2 + +looking at 194 on that lower trend line + +https://preview.redd.it/ahz845xall971.png?width=1613&format=png&auto=webp&s=e849811ad8c792b39e2aa263d80a724de9848a18 + +Edit 1 + +SPY tanking overall market dragging us down on low volume + +https://preview.redd.it/gdntqqtijl971.png?width=1627&format=png&auto=webp&s=9748041b6c67240c988a5d40b04feb588da3642b + +# Pre-Market Analysis + +We got another awesome announcement this morning about GameStop's new 530,000 sq.ft. facility in Reno, Nevada, so I expect we will drop /s. Thankfully it looks like they are gonna start deploying some of that capital before inflation sets in which will drive value in the long-term. Currently sitting on about 450k shares to borrow and low pre-market volume @ 18k. + +While I fully expect us to bounce on the low-trend of the cup & handle there is a possibility that we trade down today and bounce off the long-term trend indicated by the ascending triangle on this weeks formation + +[Lower cup & handle trend bounce expected \(red dotted line\) possible bounce off the long-term trend \(Lower solid yellow line\) Cup & Handle on 1D Timescale](https://preview.redd.it/kseva7g02l971.png?width=2456&format=png&auto=webp&s=0651b18869ae3908c75b03c956f6b27f8a63c9e4) + +A bounce today would give us a very nice bullish crossover on the 1D MACD + +[MACD 1D Timescale](https://preview.redd.it/rvcmv9vj2l971.png?width=1629&format=png&auto=webp&s=baf9253c168fe3d424f8e299015ab3608bca734c) + +Lastly CV\_VWAP not currently signaling arbitrage opportunities but there is a chance we could see something closer to market open. I will continue to monitor this. + +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.* + +*\*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 feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Giving a future worth living. When a $KIDS token is traded, 3% of that transaction is donated to the Binance for Lunch charity project to help provide children the food they need to live a long and healthy life, blockchain-verified. Join us on our trip to the moon while helping kids around the world. + +- Token Contract: 0x7AcF49997e9598843CB9051389fA755969E551Bb +- Pancake: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7AcF49997e9598843CB9051389fA755969E551Bb + +Locked Liquidity - https://dxsale.app/app/pages/dxlockview?id=0&add=0x401631bDBe5809fe0A3e058cCF40A542D75D9DA2&type=lplock&chain=BSC +- Ambassadors: +FaZe Kay (9M+ followers) +Rice Gum (18m+ followers) +FaZe Jarvis (12M+ followers) +FaZe Teeqo (7M+ followers) +FaZe Nikan (3M+ followers) +- Website: https://savethekids.io/ +- Twitter: https://twitter.com/SaveTheKidsBSC +- Reddit: https://www.reddit.com/r/SaveTheKidsBSC/ + +Thank you so much for the support so far. We're about to raise so much money for children who need it. + +We have huge announcements lined up for tonight, and the next few days. + +Let's #SaveTheKids + +➡️ t.me/SaveTheKidsBSC ⬅️ +I have two houses back in my home town that my husband and I kept onto. +We decided to move onto bigger and better things ( a custom property for us) + +However, I don't want to leave my tenants high and dry in this crazy market. They are people and they have really taken good care of the properties. + +How would I go about offering the house for sale to them? +For someone without much experience, young (eg 30 yo), single, male, with nothing tying them down to any single location and ability to work in any city. + + +I'm wanting to buy a duplex for the long term.  Cash flow is everything for me and I have $150k saved.  I have found a duplex in Sacramento (where I live) that is about $425k with tenants in place and it brings in about $2285/mo.  The realtor has given me rough numbers; with $100k down and current rates, my mortgage will be about $2070.   + +What I'm having a hard time with is justifying $100k investment that will bring me $200/mo.  That doesn't account for repairs, vacancy, etc. +Been saving for a long time. I don't feel confident in my ability to pick stocks, but I know its losing value in a checking account due to inflation. Any advice would be much appreciated. +The title says it all. Given the substantial rate at which house prices are rising, is buying a house still wise and worth it? I am only in my earlier twenties now and going by the current real estate trend, i don't know if people of my generation would be able to afford purchasing a decent house in a city with average income. +What do you guys think? Is renting a waste of money? +I'm 26, just got a new job and currently weighing up what to do with my savings. I have a small but decent amount saved, currently in a cash ISA generating 0.05% pa. + +I want to invest long term and start to build this up - I read things all the time about the power of compounding and how I should start early. + +If I lump all of this into an investment ISA to start generating a decent return, I gather this means I should leave this money until I'm 50/60 and forget about it. + +I wont be looking to buy a house for another 5/6 years. However when I do, am I better taking all of that money from the ISA (basically dropping my savings back to day 1), or should I be saving for this separately? + +Thanks in advance! +I am a 21-year-old dude about to graduate college with a B.S. in Physics in December. Due to my very fortunate family situation, scholarships, Doordash, lucky stock picks, and STEM internships, I will graduate with between $35-40,000 and no debt; what should I do with this money? How much of it will I need to start my life (car, housing, etc?) and are there any things I should generally seek to avoid? I will try and get a job as soon as possible after graduation (likely a construction engineer based on internships); how should I treat my income from that position? + +Conventional wisdom says that I should stick as much as possible in Roth IRA as S&P index funds and take the 8% return for 40 years, but I am just curious if there are other schools of thought? +Hello I am 16 turning 17 and plan to get emancipated, but I must prove I am financially self sufficient. I currently have a job that i don't think would be enough. So about how much would i need each year to live alone? I must mention I am in Nebraska. I found an apartment for $460 and some utilities included unsure which utilities ... I don't need $100+ on entertainment each month or $100+ on clothes so forget that huge expenses. I don't drive I have a bike and the bus is cheap. I don't have student loans, debt, etc. I can live on a cheap food budget, but I'd like to stay semi healthy. That being said I never eat out I cook for myself. Internet would be like $60 as well as my phone bill. I don't have any expensive addictions. Also I can't use any government aid. So what am I looking at? Is it possible? +My stepdaughter is 12. My wife and I have been together for 5 years and I was not great with finances in the relationship until recently. We’re selling our current home and stand to walk away with a decent profit after a down payment in a new home and some furniture updates. I’d like to take some of the profits and invest it to get a fund going for my stepdaughter for college. Her biological father is not much help outside of paying a couple hundred in child support at inconsistent intervals and doesn’t have much input or desire to have any input in her life, so I have no aspirations of receiving any help towards college from him. Any help or advice on what I can do next will be appreciated. + +Total household income is about $100k a year once my wife starts working again (she just got hired), we’re trying to get our two vehicles paid off so we can start really attack the mortgage and funnel more into college funds over the coming years but obviously we’re behind the power curve. +<Repost with slight modification per request of u/millertime1216.> + +I'm going to keep posting this sentiment because it keeps getting drowned out: + +**The only reason you aren't rich is because not enough shares have been directly registered.** + +That's it. Literally anything else is bullshit. + +I don't care if TA/options people are right today or tomorrow or next week. In the end it doesn't matter because they'll always be able to suppress the price after a run up unless we DRS the float. + +Did GameStop post the number of ITM calls on their 10q? + +Did GameStop draw a dorito of doom on their 10q? + +Did GameStop say only T+69 days until the next OPRAH cycle is in retrograde on their 10q? + +NO. + +They put the number of directly registered shares. They're doing everything they legally can to communicate that they want us directly registering our shares. Everything else is noise. + +Locking the float is going to be a heavy lift, 60 million is a lot of shares. Until all the individual investors in this sub make their own decisions about directly registering their shares, we won't be able to lock the float and the fuckery will continue. + +This will require **months more of focused effort**. There is no quick or easy solution. + +Don't buy into all the hype. It's being used to wear you out, disappoint you, and prevent you from directly registering because you think 'MOASS is tomorrow'. + +To address the inevitable complaints: + +* *'Ape no fight ape':* I'm sick of this being used as a reason to not call out bullshit. I'm not fighting anyone. I'm trusting the consensus of the community, not to mention GameStop themselves, to promote focusing on the only thing we can do that will actually help. +* *'I'm an individual investor, I'll do what I want with my money':* True, if you don't want to DRS, no problem. Just don't contribute to the noise by complaining about DRS posts or pushing fringe opinions on the community. We're fighting a war against disinformation and we have the solution, there's simply no reason to open the door to distracting bullshit. If you want to sit on the sidelines, fine, but don't try and stop the team from winning. +* *'Options are a good way to leverage buying power for more shares':* If you're part of the 15% of people that don't lose money on options, congratulations. But that means 85% of us are just handing premiums over to Citadel and losing money that could be going to buying and directly registering shares. Do you, but stop acting like we're going to catch them off guard all of a sudden with an influx of options purchases. + +They're using our money to run their casino. We need to stop this bullshit and in order to do that we need to keep the sub focused. + +**Take back ownership of your shares. DRS is all that matters.** +&#x200B; + +[SPX box spread expiring 12\/30\/2022](https://preview.redd.it/qv8r5lcrkx3a1.png?width=1634&format=png&auto=webp&s=62a935824101ff4bebcf006e5cd77773db69436a) + +I legged into this trade on 12/02/2022 and thought I'd share as it is about as pure of a theta play as exists with no impact from delta or other greeks. By combining two debit spread with the same expiration and inverted strikes you get a box spread that has a known return. Getting filled on these is hard and I was having very limited success in getting fills when I put it in as a single trade, but I was successfully able to leg into this one for a pretty high return. + +I bought the call debit spread first and then put a GTC order in place for the put debit spread with a limit price of 10 - 7.2630 (Call fill price) - 0.25 (desired profit) and got filled for a combined debit of 9.7760 for a total cost of $977.60. + +On 12/30/2022 these options will expire and since SPX is a cash settled, euro styled option I will receive an even $1000 into my account after expiration for a total profit of $22.40 including fees paid to Schwab. This will give me a ROI of 2.29% and an annualized ROI of 32.73%, well worth the time spent setting it up. The primary risk here is that I had the call debit spread standing alone while I waited for the put debit spread to clear, but with the daily movements of the market bouncing around everywhere I figured I could get a little room to play with with these spreads. + +Expanding the width of these would allow for more efficient trades, but at the risk of having a larger sum at risk while you wait for the second spread to fill. + +I'd be interested to hear any stories people have on box trades in general for things I might not have thought of as I expand this strategy and move away trying to get the fill for all four legs at once. +I used to read r/financialindependence in high school and it's really been hammered into me that I should save a few months emergency fund, max my 401k and IRA and HSA yearly. Now thats the only way I know how to think about things. But, that's 30k of investments/year - At that rate, I'll never save enough for the juicy 20% yearly wheel gains without eating the 10% penalty for liquidating the 401k and the IRA before I turn 60. + +I know that means I need to make sacrifices and put money into a broker account instead of maxing 401k, ira, and hsa. What kind of savings/money allocation strategy makes the most sense to generate tax-benefit retirement money while stacking up to be able to Wheel effectively? +The BP effect says I only need around $4k to make this play. So just wondering am I missing something? Seems like as solid a play as one could make, obviously depending what SPY is doing but generally speaking. +What’s your favorite theta gang strategy? Curious to what people most are deploying here. Does it change on market conditions? Would love to learn from your collective mindset. + +[View Poll](https://www.reddit.com/poll/go33mn) +First post so bear with me. I'm curious what you guys think of this strategy. + +I would like to own TSLA at approximately $800 a share. If I were to sell a put at $800 expiring 6/23. The premium would profit me roughly $13k, making the break even price $670 per share. + +Would it be worth it to tie up half my account for that long on a 16% roi for 14 months? Would there even be a buyer? I believe I would be getting TSLA for a bargain at that price if it were to get exercised. + +All suggestions and constructive criticism are appreciated. +I sold a call on my Roth IRA account expiring 7/15 and was ITM that I was hoping to roll over to next week. I just ended up on the less than 5% chance of getting assigned early so now I am on the hook for 25K. The current account balance is only 15K. I cannot deposit 25K on my Roth because there's a 6K contribution limit and even if all remaining assets are liquidated, adding 6K will still not cover it. What are my options? + +Update: The one thing that seemed amiss was that there was a corresponding cash credit (unsettled) as a result of the assignment but it looked like I was not able to use that credit when I tried online. I called the broker and they used that credit to buy the shares and cover the short. I got confused on why I wasn't able to use the credit and thought I needed to use existing cash on hand only. + +Update 2: I'm copying one of my replies below, which sums up what happened. + +It was a case of early morning stupidity more than anything else. As a rough example, I have $5K in settled cash. The assignment gave me $24K unsettled credit and I'm short shares that cost $25K at that time. $24K + $5K should be more than enough to cover but gave me an error when I tried online. I wanted this addressed today because I have no clue when they will force liquidate. So I panicked and my initial thought was how am I going to cover this on a Roth when they're not letting me use the credit, hence this reddit post. Since then, I've calmed down and realized that: + +1. If you have the funds and somehow can't do the trade online, call them and they will do it for you. I was able to buy back at $24.5K so it worked out. +2. Options settle T+1 so I "should" be fine to wait until everything settles on Monday. In hindsight, this would've been the better route. I've never been margin called in my regular account so I don't know how many days I had. Not that it matters, I hope I don't get a trading violation for buying with unsettled funds since I technically did not sell what I bought. + +&#x200B; +[Wall Street Journal article ](https://www.wsj.com/articles/when-your-neighbors-move-into-your-investment-portfolio-1544204283?emailToken=dc0d7fcadba0b0d40150d9a5fba9ab0bZon8ypB/bBssorehSV9TKqJv3K9X7OM+CbaUXu+lSadNLpPpIZ708/86dQGM/Na0VVF/2K6qKv2+HtXWBU+MiUGdqPx3FBKBjP9vJgDceaH5gCby6OsYZAeBGi74G9Og&reflink=article_copyURL_share) +I tried warning you all multiple times. When I said CASH WAS KING in October 2021, nobody listened. But I was right. CASH and short term trading have been the clear winners in 2022. + +Instead, 2022 has been a bloodbath for 99% of WSB. The same people who were making six figures in 2021 have now lost all their gains and then their life savings in 2022. The LOSS PORN has been most satisfying. + +But wait! It will get worse from here if you don't pay attention. + +OCTOBER 13 + +Inflation report for September will be dropped at 8:30am EST. Consensus is forecasting September inflation numbers to be 8.1% - 8.2%. + +[Inflation is well above the Fed's target of 2&#37;.](https://preview.redd.it/sdiimzpazdt91.png?width=690&format=png&auto=webp&s=699373f4a382acbaf35068ae8337bd8bb1e8fd2a) + +IT WILL BE A BLOODBATH + +Inflation will remain well elevated above the Fed's target range of 2%. The market will selloff aggressively as we start another leg lower. + +Any hopes and pipe dreams for a "FED PIVOT" will be squashed tomorrow. + +JPOW has repeated himself multiple times: "THE FED WILL REMAIN HAWKISH AND NOT PIVOT ON MONETARY POLICY UNTIL INFLATION IS BACK DOWN TO OUR TARGET RANGE OF 2%. + +[Inflation is going parabolic and it WILL come down, but not without causing PAIN](https://preview.redd.it/vxjnir0ozdt91.png?width=682&format=png&auto=webp&s=b388de7000a577d8b913db0fae5cbeb4d86e2709) + +The market has still not accepted the fact that the long term trend of the market is reversed. This will not be a situation like 2016, 2018 or 2020 or 2021 where bad news is quickly reversed and the bull gang is unleashed. + +This is more like the Nikkei of 1990. + +[Foreshadowing](https://preview.redd.it/eajfbiymzdt91.png?width=739&format=png&auto=webp&s=b39faaedf89d176ebfc6d8f8ae7318aabcbbfd12) + +$SPY will touch it's February 19, 2020 high of $338/share by December 30, 2022. + +BAN BET: Inflation will remain elevated above 6% and the market will SELL OFF. $SPY will close down -1% or more on Thursday October 13. + +This is a ban bet. If I am wrong the mods can ban me from WSB forever...or flair me with something awful if I win. + +THE FED WILL NOT PIVOT +Using my new company's 401k planner through BlueStar and trying to set retirement age and got this error. + +http://imgur.com/BwOSEZi + +It also tried to tell me I'd need the exact same salary I have now in retirement, and that my current annual expenses should be half my pay (when in fact I can live very well on half the amount it originally suggested). + +When will these guys catch up? +Hi, + +With fuel costs rising and the fact my husband already spends £400+ a month on fuel, we are looking into switching to electric. + +I've read some places that you can get a car through salary sacrifice and pay less tax, not sure how this works if anyone can offer some advice. + +We are also looking at the potential of getting one through a pcp, and renewing the car every few years, only worry on that is that he does about 500 miles a week and don't want to have to pay over the odds for extra miles. + +Or do we straight up try and get a loan and buy a used second hand electric car but I'm sure with this we won't be entitled to the government grant. Not that it's that much anymore. + +We were looking at a maximum payment of £300 a month. + +In Wales if that makes any difference. + +Any advice is really welcome as I'm not very clued on this. +I'm currently 33/hr as a contractor no perks etc. Now they are looking to change this position to aps2 and lower pay and permanent not sure the current rate is but I'm now have to decide. I can't made up my mind if it's worth it lower pay and permanent and lower responsibilty that I like. In the end getting permanent but I will just be a drone bee 🐝 instead of my current position of casual contractor but like a more advanced 🐝.It just feels slap in my face +I would like to hear the varying opinions on why the Australian property market will or will NOT drop over the coming 12 months. + + +I can personally think of a lot of reasons why property prices will drop and drop significantly over the next 12 months, however I've yet to hear a well thought through and articulated argument for prices not dropping materially. + + +So please share your views **for** or **against**, however be sure to include your **sound reasoning** behind your opinions, as I'm not interested in baseless opinions. I'm looking to challenge my own thinking by exposing it to different views. + +UPDATE: thank you all for your civil and valuable contributions. I’ve set a reminder for 12 months from now, and will check back in via a new post and we can all review how our assumptions and opinions held up. +Thought I'd continue some discussions from last week's auction thread + +Looks like there's a fair few auctions going today - just went to one in Syd south West. Vendor bid and passed in straight away.. No longer than 2mins! + +Keen to hear others experiences +It's in the news again that the government are considering scrapping higher rate tax relief on pension contributions, which seems to be a regular occurrence when there's a budget coming up. + +https://www.telegraph.co.uk/politics/2022/11/05/jeremy-hunt-plots-10bn-tax-grab-better/ + +Pension contributions are effectively refunding the income tax you've paid now for deferring this income until to retirement, at which point it's then taxed. It has the advantage that 25% is tax free and in retirement you may be in a lower tax bracket. + +If we take a higher rate taxpayer then it ultimately costs them £6,000 to have £10,000 paid into a pension, although some of this relief may have to be claimed from HMRC rather than applied automatically. If we ignore growth and you have this £10,000 to take out as a basic rate taxpayer then:- + +- 25% is tax free. That's £2,500. +- On the remaining £7,500 you pay income tax of 20% (£1,500) to get £6,000. + +That's a total of £8,500 back from your initial payment of £6,000. That's a net uplift of 41.67%. You've essentially got your £6,000 back and been given £2,500 of free money. To repeat, every £60 net you put into a pension as a higher rate taxpayer means you'd get £25 absolutely free as a basic rate taxpayer in retirement. + +Obviously there are limits of what can be paid in and you'll have other priorities in life but if you, or your parents if they're still working, are in this position then it makes sense to squirrel away what you can BECAUSE IT'S FREE FUCKING MONEY! + +This is without even mentioning potential benefits such as salary sacrifice, your employer matching contributions, clawing back the child benefit tax charge, clawing back the lost personal allowance, money in a pension being outside of your estate for inheritance tax and so.on. + +Unfortunately for basic rate taxpayers it's far less generous as the uplift from £80 to £85 net per £100 gross comes to 6.25%, but that's still effectively a free year of growth compared with putting the money in an ISA. + +Tl;dr - FREE MONEY! +I'm sure seeing the "I'm 28 with 1.1MM in the bank" posts make you feel pretty bad if you compare yourself. Well here's a post from the completely opposite side. + +I consider myself fairly conservative with my spending and had high hopes of FIRE when in college. I was given every advantage and opportunity thanks to the financial support of my parents and I weep for people who made the same decisions as I did without such support. + +My college tuition and graduate school tuition were completely paid for and I was only responsible for living expenses. Someone who did not have the financial assistance I did would be looking at about 200K in debt. Unfortunately, it seems the earning potential with the advanced degree has largely declined or stagnated and the cost of the grad degree (time + money) could not be justified at this time. You can expect to earn $50k post-grad in this field with the industry average around 75k. The top 1% of the field may earn 250-300k but that is obviously not common. Additionally, in order to break into the top earning bracket in this field, you must open your own business which of course comes with more cost, and risk. + +I worked in a position for 3 years earning 50k a year and saved about 12k. During my last year I got engaged and spent about 5k on a ring. I even tried to be practical and buy a lab-created diamond which may be more economical, isn't really very significant savings. I was then let go from that position. + +With 7k in savings and my 3 years knowledge about the industry, I figured there's no better time than now to start my own business. It's the only way to really break out of the mold and make significant earnings. I got a 50k bank loan and spent 25k on buying the assets of an existing business and opened up shop. + +I've been in business about 9 months now and things aren't going great. I've depleted my savings almost entirely to pay my bills at home and my business barely breaks even. I spend most of my time outside of the office marketing, networking, setting up meetings, and it all seems like a wasted effort due to having no tangible effect on my bottom line. I've never worked harder to earn less in my life. They say that the first year in business is hardest and that it will grow with time, but I don't know how much longer I can sustain before I go into debt. And this is coming from the guy who was given every opportunity and advantage. I would cry if I additionally had 200K in debt. Or maybe I would just know that is a debt I would take to the grave. + +As depressing as this post sounds I'm not depressed and I am still hopeful for the future and am continuing to work hard to make my business successful. I just want people out there to know that despite planning and thinking you are making the most prudent decisions on your pathway to financial independence, life may have other plans! +Reposting this to counter any weekend FUD. + +Something I learned in my 30-some-odd years on this planet: ***you can always count on people to protect their own interests***. + +  + +Every member of the board of Gamestop has many many more shares than I do, even as an XXXX holder. And for some, a majority of their compensation is in stock. No matter what happens, I can count on them to protect their own money. And in doing so, they protect my money. I have my life savings in this company, and I don't worry about it anymore. + +  + +On the flip side, look at another company like Twitter. We know from the recent buyout debacle that the Twitter board owns almost no stock in their company. If I were an investor in Twitter, why would I trust the board to do right by me? We can't afford to be so naive to think that they would look out for me out of the goodness of their hearts. + +  + +If they are still buying and holding, I'm still buying and holding. Also DRS! +I am looking to invest around £5-£10 a week whilst I am at university. I am on my placement year currently which has given me the ability to be able to invest until I graduate into a full time job. + +Ideally I would like to start putting some money towards a deposit for a house (I have £500 in a LISA already) but I am yet to get to my emergency fund goal - even though I am investing a small amount would it be beneficial to just work towards this currently? Are there any other avenues I could invest a small amount into to maximise returns over 5-10 years? + +Any other suggestions are very much appreciated! +All year we have been getting tweets from Ryan Cohen about poo. + +💩 = DUMP = DOOMP +(A double O in English is a U sound) + +The Deep Out Of Money Puts (DOOMP) is the most prominent naked short strategy we are seeing on GME. + +I think RC is trying to urge us to pay attention to the DOOMP cycles. + +Now I don’t know much about the options cycles but u/bobsmith808 is saying that T+2 and C+35 is important. + +Jan 21st was the most recent cycle date and T+2 was big and shocked the markets, VIX went to 39, BTC dropped 25% down to 6month lows of 32k with Stocks hit hard too. Conversely, GME hit resistance after several weeks of losses at a low of 93, after dropping from a high of 250. That’s significant. + +March 1st is C+35. I’m not gonna make any speculations on what might happen. I am convinced however, that this date will also be significant. Dlauer seems to feel next week too and even Elon rejoined the conversation, do we need any more figurehead certainty than that? + +My tits have been jacked for over a year now. With this 💩 realisation and next week dates my tits have suddenly grown hands and they are jacking me off! Let’s fucking gooooo + +Edit 1: Added 💩= Dump = DOOMP + +Edit 2: Corrected to C+35 for calendar days. +I gave my two weeks notice in good faith. I was terminated on the spot, with no payment for my last two weeks. + +I was supposed to start this Monday at a new company. They pushed my start date back for a month. I’m now unemployed. + +Would I be eligible for UI? Can I ask the first company for payment for two weeks (I’m on salary)? I feel lost on this. This happened in Florida. Thanks all, feeling pretty low. +Hey all, the mods have asked me not to share the story because of the personal information rules, but here’s the backstory: You might have recognized some of my posts about budgeting before. I sought out this sub to find an audience of people I could talk to about money. After college, my mom was facing bankruptcy and I was $60k in debt. Luckily I had a job in the military and a nearly obsessive personal motivation to pay off our debts and get a good start on life. But every time I would bring up the subject of money and budgeting with my friends, I would get lambasted for being tacky. When I started having success at paying off debt, some of my closest friends acted resentful towards me, and relationships I’ve had since I was a kid broke down completely. I decided to keep quiet about money and I didn’t bring it up with anyone because I didn’t want to risk damaging more relationships. Thankfully I eventually found this sub, started sharing my ideas with you, and finally found an outlet where I could speak my mind about budgeting and personal finance. The people here gave me great feedback and challenged me to learn more. After you responded well to a few of my posts, I was contacted for an interview for a popular credit website. She loved the personal details of my story and decided to write an article about my success. A week later, friends who I haven’t spoken to in years are sending me screenshots of their phone with a picture of me as the #3 national headline of the day. The article? A success story about how a young guy in his 20’s paid off all his debt and his mothers debt in 3 years, along with a screenshot of the budgets I made for myself in the process. Friends on facebook started sharing the article and collecting more likes than I have friends. Relatives halfway across the country saw my picture featured on their city’s local news headlines. The funny part is, the story about me featured images of my budget and plots showing how I paid off the debt, but the plots were over 2 years old. Years ago, I had originally posted everything the national article had shown on my own facebook wall to try to help my friends, but I removed it within 5 minutes after my closest friends berated me. + +TLDNR: This sub empowered me to open up dialogue about money after my friends shut the conversation down. Your valuable feedback helped me pay off $60,000 in debt, my mom’s debt, and helped my story get featured in thousands of news agencies worldwide. People are much more comfortable talking about money with me now. THANK YOU FOR THE SUPPORT!!! + +EDIT: Here's my latest budgeting guidline post to reddit. Once I'm done with school, I intend to make even nicer spreadsheets and guidelines to share with the community. Cheers and happy budgeting! + +How to Build Your Budget: +http://imgur.com/gallery/qbNczWY?lr=1462473351 + +How to View Your Budget: +http://imgur.com/yzFR1HH + +Here's the excel file I built to do it (personal information has been sanitized): +https://drive.google.com/file/d/0BwJYOZaa5I8AVEN5MTB2aVdNSGs/view +My account is 550k USD, is it worth it selling covered calls a week or two out on my positions? + +What has your experience been with doing this? + +I'm scared my stocks are going to run and lose out on dollars, just to earn a few cents, but then if I sold covered calls on the whole portfolio it would probably add up to quite a lot if you do it every few weeks. + +Cheers +Wife and I (40) live in VHCOL area in the US with two kids (4/6). We have two incomes (combined 500k to 900k per year, depending on how my business performs). We have a net worth of about $6mn but more than half tied up in real estate and LLC partnership shares ($2-3mn liquid). We are both green card holders but not citizens. + +My wife just got news that she will get major windfall inheritance from her father, about $3-4mn all in. Money is currently in an offshore LLC owned/run by father but we need to decide what to do with it. + +This is completely unexpected and we are thinking about best way to tackle that situation. We are talking to our CPA about tax dimensions (there don’t seem to be any major issues from US side) but I wanted to see if folks here have any broader thoughts on how to handle a situation like this. Main question is whether to bring all of the money back to the US vs. just leave all of it offshore? What are other dimensions/questions we should consider, aside from tax? +https://np.reddit.com/r/btc/comments/7jg265/1000000_bitcoin_cash_wallets_have_now_been/dr6qf17/ + +I'm sorry Roger, but your forked altcoin is not Bitcoin and never will be. If Bitcoin was not an open source platform you would be up to your eyeballs in copyright infringements. Your lack of ethics for own personal gain is astounding. +I feel sad about my finances. I see everyone post about how they manage to make like five or six figures, buy a house, etc. and I question whether I’m even going to be able to ever get that. I always get the bad end of the straw when it comes to finances. + +I’m 21 and right now I have $14k in the bank, while I work part time earning $21 an hour at a pharmacy. And I only started earning that amount at the start of this financial year (so like a month ago). Before that I was earning $19 an hour, basically minimum wage. When I told people that they basically laughed at me. I can’t even get Centrelink payment because my parents own a business, and I can’t get job keeper either because i work at a pharmacy which is thriving off of this pandemic. I only get like $200-300 a week (14 hours) while everyone else I know on job keeper or Centrelink gets paid more than me for doing basically nothing. It’s hard for me to get another job because I make a lot of mistakes at work (because I’m slow at learning and I’m forgetful) so I struggle to find someone who can be a reference for me. I’m lucky I don’t have debt or a car, not much of a social life, and I’m living at home with my parents who pay for everything, but I know things are not going to be like that forever and I need to learn how to survive on my own. I’ve tried practicing investing money but I find it hard to understand. + +I feel ashamed about my financial situation because everyone I know my age are doing so much better. I don’t wanna reach my 30s and be homeless or live in poverty just because I can’t make a living. What can I do to drastically improve my financial situation? + +EDIT: thank you so much for all your responses, reading them has put things into perspective for me and made me feel a lot better. I really appreciate them all! +We all know the broad rule of thumb when you start contributing to a pension is for the overall % to be half your age, but what if you can't afford that? + +According to the ONS, in 2018 the average weekly expenditure for a retired couple was £498.70; £25,932.40 per annum, so that works out as £12,966.20 each if split evenly. If you qualify for the State Pension in full then that is £179.60 per week, £9,339.20 per annum, so you would need to find an extra £3,627 of annual income from elsewhere. + +If we use the 4% safe withdrawal rate as an assumption then that would mean you would need to build up a pension pot of £90,675 to be able to draw down from somewhat sustainably. If we say someone has no pension pot and 45 years until State Pension age and they achieve annual growth net of inflation and charges of 5% then the amount they would need to contribute over this timeframe is approximately £46 per month, £552 per annum. + +If you were in your bog standard auto-enrolment scheme where you contribute 5% and your employer contributes 3% then to have that amount going in you would have to be earning a whopping £6,900 per annum. If you worked minimum wage (£8.91 for those over 23) for 35 hours per week then earnings of £16,216 could see £1,297.30 paid in each year, which is way higher than the £552 mentioned above. + +Now there are a lot of caveats to this; there's no guarantee over future growth, what the State Pension will be in the future, lots of people manage fine spending less than the average figure for retirees, it's based on the finances for a couple and starting off in your early twenties, etc. I know lots of people on this sub want to retire early (which is why contributing more than the minimum is a good idea) but I hope it provides some peace of mind for others worried that they can't afford to pay any more in that they can still have a comfortable enough retirement. + +https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/expenditure/datasets/expenditureoftwoadultretiredhouseholdsbygrossincomequintilegroupuktablea55 +I was pinged yesterday by track and trace, until Saturday. I work as a waiter at around 30-34 hrs a week and thus will be missing out on almost a quarter of my monthly earnings. Having spoken to my bosses they said that they can either use my holiday pay or statutory sick pay (the latter of which is pitiful), I have already applied for the COVID hardship fund thing they placed out for people in this situation. If I get rejected, is there anything more I can do? I'm not sure if this is just industry-standard in hospitality or if it's up to the business whether they use holiday pay or not. +Update: Hello all, thank you so much to everyone who lended their advice. I appreciate your time. I believe this won't be a problem, and if it does become one, I will know how to handle it now! Thank you again! + +&#x200B; + +I have been going to a hair salon everyone 6-8 weeks. In my most recent appointment, I did not reschedule because I was moving to a different state. I have never canceled, no-showed, and only once did I move an appointment but I did well beyond the scheduled date. + +Today, I received a text, an email, and a call from the front desk staff asking about my appointment. I became worried, as all these reminders were sent about 20 minutes after the stated arrival time. I told her I don't remember making the appointment and I wouldn't have scheduled it for today because I knew I wouldn't be in town anymore. I specifically remember thinking I needed to tell my hairdresser I was moving and not returning, but moving got hectic, and I never said anything. + +The front desk staff, while rude, asked me if I made the appointment online-- I again stated no. I stated I never received any confirmation or reminders until today, after the appointment time. She responded that they texted me yesterday and tried to call me yesterday, but my voicemail box wasn't set up. She then told me they would be charging me 50% of the service. I told her I would not be paying as I never made the appointment and never received any confirmation that this appointment even existed. + +After the call, I made sure I did not have any missed texts-- I do not. I also checked my missed calls-- no missed calls from the salon. I even had a friend call me and check my voicemail box-- all in working order. + +I truly feel like the appointment was probably auto-populated, and someone dropped the ball with the reminders. I have not consented to a card being "on file" with them, but can I dispute it if they find a way to charge me? + +Edit: Florida + +Edit: I do not have a card on file with the salon, and I have not yet been charged. My concern stemmed from the salon using my card from a previous transaction-- which I see would be an easy charge-back. I do not believe they would send me to collections but even then I would be able to argue my only notifications were 20 minutes ***after*** the appointment was set to begin. + +The receptionist stated she would be speaking with the owner and, I assume, getting back to me with their decision. +A global financial crisis makes about as much sense as a global inches crisis. Ever heard of a construction project getting shut down because of a shortage of inches? Ever heard anyone say we can't switch over to the metric system because then what would we do with all the inches? Inches and dollars are units of measurement. They do exist. They exist in the mind. + +Those who control the current disintegrating slave system want to reset us into another system that they also control and the only crisis is that they fear a loss of control. They wish they had a good war or a pandemic to blame but they don't. They are set up to take the blame and they know it. +I've been personally thinking about about this question for myself a lot these days, as market reversal hit my NW in last few months and made future projections more unpredictable regarding financial planning, and tbh has been emotionally draining + +Through some self reflection, I found that my own drive towards FIRE is ultimately about having a free mind to pursue things meaningful to me, I don't even know clearly what those things are, just that life is short and I no longer want to live life and make decisions solely based on money + +I would prefer to live way below my means if a certain minimum income can be guaranteed post FIRE, and would want to enrich my mind with diverse and deep experiences, still not sure how, but spending more time traveling and reading would be there + +For this future, I've often had to sacrifice my present by being frugal about leisure spending, and initially this was painful, but now I've adapted to some extent by reminding myself about my priorities and that I can't have everything in life + +I'm wondering what's the drive for other FIRE community members like yourself? And would like to discover some of the other driving forces which may be present in latent form in myself as well, so that I can be furthermore focused on achieving FIRE with clarity of purpose +With crazy valuations on MFs, I’ve seen increasingly unrealistic underwriting from brokers over the last couple years. My suspicion is that most of these properties operate in the red unless they are self managed for free. + +What has your experience been relative to initial or broker underwriting? + +Also, congrats on the continued appreciation, I’m sure the asset is worth more now. + +EDIT: On larger properties (100+) underwriting seem to be more realistic (ish), I'm thinking more about the 4-12 units in high growth cities. Those don't seem to make any sense whatsoever. +I am currently analyzing a mobile home park and I wanted to see if anyone on here has any experience. Specifically regarding running the park, maintenance, tenant turnover, star rating, and lending. I'll drop the stats below. I currently have 5 properties that are all SFH and I am looking to make a bigger leap regarding cash flow. I have a few deals that have made it through my filtering process but this park keeps me interested for its high cash flow (relative to my other deals). + +**By the Numbers (using 2020 YTD):** +Asking Price $630,000 (at $600 negotiated right now) +Downpayment of $90,000 +Expected closing costs around $5-7 +30 year at 4.1% +14%+ Cap Rate, Expect to get to 17%+ with new units +17 Homes (all occupied, no repairs needed) +5 Vacant lots (no home, but hookups ready) +Two Homes are from 2010, all others are 2012 or newer +Gross Avg Monthly Rev: $10,140 +Expenses Monthly: $2,690 +Rents have not been raised in two years +No laundry unit +Roads are paved +9 People on waiting list +Only one tenant has tenure under 2 years +This park is only 18 mi away from one of my other properties + +Update: +I will be visiting the site again on Saturday and spending a good portion of the day with the current owner. I have documented most, if not all, of your comments. Especially LordAshton’s. I will keep everyone updated and thank you all for your help and insight. +I keep hearing that housing prices will continue to drop as we enter a recession. + +I also keep hearing that no one really knows and the market won't bottom out much more than 10-25% drop. + +Does anyone think that the non mega city market will increase in price over the next 12 months? +I keep hearing that housing prices will continue to drop as we enter a recession. + +I also keep hearing that no one really knows and the market won't bottom out much more than 10-25% drop. + +Does anyone think that the non mega city market will increase in price over the next 12 months? +I know the last couple days everything was crashing down, but will it continue moving down tomorrow? And next week? I lost quite a bit of money today and I just want to know how tomorrow will be!! Does anyone know? Not a bot either. +My nephew told me about this reddit the other day and couldn't believe it. Read through a lot of it last night, you guys are fucking crazy but I love it. It's easy for any professional trader to say that you guys are idiots but I respect what you do, so no hate on my end. Trading is calculated gambling at the end of the day anyway. Compared to you guys, I'm basically a boring stock trader but damn good at it. AAPL is my baby. + +I'm a swing trader on the 15min chart and 5min, just depends on the price action. I obviously don't win every trade but I shoot for large profits held over 1-3 days so losses don't matter. Willing to help any newbs sometimes and show you what my targets are on certain days when I see good bets. + +Current: + +For anyone that messaged me in chat, reddit clears out chats that are too far down on the list so if you don't hear from me in the next day or 2 then I've lost you! Send me a DM rather than a chat request to carry on our convo. +We are looking at a public charter school for our child and on the school tour were told that “board member preference” may have an influence on admissions. Is this a possible opening for making a donation to the school to improve chances for our child’s admission? This topic makes me uncomfortable because I’m not sure if this is normal / standard operating procedure or could be perceived as unethical. Honestly given it makes me uncomfortable maybe that is enough to say I shouldn’t try, but if it is very common then I don’t want to be playing checkers while other parents are playing chess. Also if this is common, who at the school would I talk to about it (unfortunately I don’t know any board members)? + +Edit: Replies so far are validating my gut feeling that we don’t donate until after (potential) acceptance; thank you - I’m far more comfortable with this. +TLDR; 66.8M DRS'd between October 2021 - October 2022. +0.5M insiders. + +A repeat of this year would see 193.4M shares locked by insiders and DRS. +304.5 - 193.4 = 111.1 + +Institutions + Mutual Funds + ETFs + Stagnant Insiders = 112M + +On to the post - + +Firstly to dispel some FUD - ***It’s not 87.6M in two years.*** + +***It’s 66.8M in one year!!*** ~22% of total float in ONE year. + +**October 30th, 2021, 20.8M.** + ++14.8M (4.93M/month) + +January 29th 35.6M. + ++15.2M (5.06/month) + +April 30th 50.8M. + ++20.5M (6.83M/month) + +July 30th 71.3M + ++16.3M (5.4M/month) + +**October 29th 87.6** (Computershared dot net) + +87.6M /304.5M = ~29% + +I know computershared were 4M off the last official numbers, but they have since changed their algorithm. That splividend probably resulted in a lot of silent DRSers which presumably messed with their scrapper numbers. + +20.8 from October 30th, 2021, to Around 87.6M this Halloween = +66.8M. + +66.8M / 304.5M = ~22% + +That’s 22% of the whole float locked in ONE year for a total of 41% of a 304.5M total float held by insiders (38.5M) or DRS’d by retail. + +polyestermonkey ‘s post about the definition of Free Float leads me to discuss the relevance of all this in different, hopefully better, terms than the incorrect use of ‘free float’. https://www.reddit.com/r/Superstonk/comments/y84fe6/free_float_by_definition_is_shares_outstanding/?utm_source=share&utm_medium=web2x&context=3 + +The ‘free float’ by definition is Total - insider. Surely DRS shares could be considered as their own form of insider shares held by retail. So I'm gonna go with Total - Insiders = 'Public Float' (another accepted term for 'free float'). Total - [Insiders + DRS] = DRS float (the shares that are left that could be DRS'd). Total - [Insiders + Institutions + Mutual funds, + ETFs, + Stagnant insiders + DRS) = SS Float (essentially what the screen shots of computershared dot net keep referring to as the free float). If there's official terms for these, do let me know. + +So to recap : as of October 29th 2022 Public Float = 266M, DRS Float = 178.4M, SS Float = 66.4M. + +Now on to the palm reading - If the following 12 months did the same thing (+0.5M by insiders, +66.8M DRS’d by retail) that would result in 63% (193.4M) of the total float being locked at the end of Q3, 2023. [39M insiders + 154.4M DRS'd]. + +This would reduce the DRS Float to 111.1M. Institutions, ETFs, Mutual Funds and Stagnant insiders shares add up to about 112M. The SS Float would be 100% complete. + +All that remains that is not locked is those that are 'owned' by Institutions, ETFs, Mutual Funds and Stagnant insiders. The remaining 37% of the total float are the only possible shares that should be able to be loaned out (I say 'should' because, ya know, naked shorts). + +So between October 2021 and October 2023 things would have changed from 80% of the total float being free, owned by the DTCC and being available to loan out, to 37% being available to borrow. Meaning the borrowing power of those into that kind of thing would have been halved (at least) in 2 years. + +With only 37% of the total float left to be used for manipulation of price, how much longer could things realistically go on for until we get true price discovery? Why would you keep loaning out shares when retail are gonna take them and refuse to give them back? Why not buy more shares? + +Sidebar - I think SS Float being ZERO / 100% complete, would be a great time to offer an NFT dividend via ComputerShare. I know many people push the idea that nothing will happen at this junction, but I am a bit obsessed with a Criand possible DD - 'Theory on the January Sneeze' + +https://www.reddit.com/r/Superstonk/comments/q2f3o2/theory_on_the_january_sneeze_and_how_direct/?utm_source=share&utm_medium=web2x&context=3 + +>And the key to think of here is that while they may have millions of shares to borrow from, those shares still need time to settle before being added back to the "pool" of supply that they can borrow from. We see this through statistics from sites like IBorrowDesk when the available shares goes from 1,000,000 to 500,000 and then eventually back to 1,000,000. There's some downtime as the borrowed shares must settle before being replenished. + +>there can be a critical point where the SHFs, Brokers, and Market Makers have too much demand for the DTC's supply of shares such that the supply can't keep up. + +This critical point is one thing DRS can build towards. It is likely that 100% DRS will not be needed but as Direct Registration has never been achieved on this scale, everything is just a theory. + +I like to compare $GME DRSing to the VolksWagen squeeze as Insider (Porsche’s) shares [74.1% total float] and Lower Saxony’s shares [20% total float] surpassed shares shorted [12%] in that scenario. The situation only fixed by Porsche letting the air out of the tyre (sold 5%) to release the pressure on shorters. + + +Woah I'm getting off point - + + +Summary; 66.8M DRS'd between October 2021 - October 2022. +0.5M insiders. + +41% of total float owned by insders and 'retail insiders' (DRS) on October 29th, 2022. + +A repeat of this past 12 months would see 193.4 shares locked by insiders and DRS by October 2023. + +304.5 - 193.4 = ***111.1M*** ('DRS Float' or pool of borrowable shares) + +Institutions + Mutual Funds + ETFs + Stagnant Insiders = ***112M*** (SS Float 100% completed Oct 23') + +If these entities want to keep their shares safe at this point they need to stop lending and lock them up. Otherwise retail will gobble them up and not give them back. +Today Jim Cramer said that rates are so low he took out a mortgage in preparation to perhaps buy another property because "buying real estate today is better than buying any stock." (Sorry no link it's behind a paid gate). + +This sentiment implies strong confidence that real estate market will not crash in the near to mid term future. I know this sub hates Cramer, but when a guy who pushes stocks all the time tells you Real Estate is better, there might be something there. + +However on the other hand, real estate is at an all time high right now. It just feels weird to buy when everything is so freaking expensive. What do you guys think? +Hi everyone, + +It is my first post here and I hope this thread is going to be of interest to many of you. + +I have been building MM (in a LOB context) algos for some time now. Some successful, others money losing machines. As you probably know adverse selection is the main risk to market makers. I have identified three ways of avoiding it: + +1) Obtain better price information, faster, from many sources. + +2) Adjust prices up or down based on trade flow and trade-throughs + +3) Stop quoting entirely for some time on one side if quote keeps getting filled. + +Do any of you have other ways of handling the problem and reducing stale quotes? + +Thank you, + +Edit: If you are going to tell me to not try because I don't have the resources, just assume I have it. It is a general discussion for people who want to share ideas and learn. +I know it's nothing beating inflation, but nice to see HYSA heading back up! Through Vanguard, I just bought a 3-mo CD doing 1.25%, so there are finally some options for the emergency fund worth considering. +We’re looking to apply for a Home Loan in the next 3-6 months or so for PPOR, subject to COVID-19 market impacts etc. Never had a mortgage before. Irrespective of good time to purchase or not, this question is independent of that. + +Have been saving a decent deposit for a while, one thing I can’t get a good handle on is how to prepare for the analysis of the past few months of account statements. Are there any particular spending habits that get scrutinised when statements are reviewed? If so, what’s the best way to ‘clean them up’ and how long for before application and settlement? + +We’re going to be able to comfortably service our target repayments plus house running expenses as I’m saving that per month already and have been for a while now, while also paying the equivalent of the mortgage again in rent payments. Just want to give ourselves the best chance of approval and a decent rate. + +Thanks for any advice! +tl;dr: BBBY trading more than 10x of its entire float in two weeks along with retail's relative lack of interest implies (1) a prior, massive hidden short interest in BBBY and (2) GME has the same massive SI, but its much much larger. + +Hey Folks. Speculation Here. + +Like many of you, I've been relatively silent in recent months. Just buying, hodling, and zen. Also like many of you, I have a soft spot for BBBY solely because RC owns 10% of the company and because it's in the swap basket GME is in (Disclosure: I own zero anything in BBBY). So I was happy that it started launching in the past few weeks. + +The Volume is INSANE tho. + +Over the last two weeks, BBBY's trading volume is almost 20x its free float and almost 15x its total issued shares. + +Volume Since August 8th: 1.19B + +Shares Outstanding: 79.96M + +Public Float: 61.58M + +[Here's A Chart \(via WSJ\)](https://preview.redd.it/qsjvc220qgi91.png?width=1902&format=png&auto=webp&s=c259c0f9c76b0a0d470f998e41bb928add3e9998) + +I was joking with another fine GME fellow last week about how "yes, out of nowhere, retail decided to dump billions into BBBY and trade many times its float," with it being obvious that huge financial institutions were the real drivers of the price and volume. + +This morning, I was thinking back on all the great DD from last year about swaps, hidden shorts, and how SuperStonk (and non-Reddit folks) held many times the float. And something clicked, so here's where the speculation comes in. + +I have not seen any large dedicated community of BBBY investors consolidate around the stock. (And honestly, I think a lot of the Reddit "enthusiasm" about it that I do see is a deliberate distraction, but whatever.) RC bought months ago. Nothing is really happening in the news. And BOOM. + +All of a sudden, 20x the entire float was traded. + +Sure, some of it was driven by options/gamma. + +But, who was really holding enough stock to want to sell 20x the entire free float? Smells like some SHF fuckery with a lot of naked shorts on their books. Maybe they are covering? Maybe they are closing? Who knows. But there must be a massive, massive hidden short position that needed to be traded for whatever reason (part of swaps and the rollover period?). + +And who is on the other side of these trades? Are the market makers really able to locate buyers for one billion shares of BBBY? Or could they be internalizing a fuck-ton of systemic risk? + +And that's just one basket stock. With no DRS movement. Without a large dedicated investor population that has continuously bought the stock for two straight years. Without game-stopping innovations (like GameStop's Wallet & NFT Marketplace). Without the historically reported short interest of 226%. Without any news. And BOOM. 20x the float traded in two weeks. + +I cannot even begin to speculate on how massive the hidden GME short position is. +The position I am in now (associate) was solely created for me as a bridge position in training to become a full manager - I have been in this position for 5 months. Over the last 3 months I have been given the same work and duties that a manager does and have excelled very well. I am not yet sure if I will be given a title change during my upcoming annual review. I know the work I do now is equal to that of a manager and they make $15k more than I do. Should I mention these things prematurely for them to consider, or wait until the actual review to bring up these points for discussion? Thanks! +Hi All - Bear with me, this is somewhat longwinded, but I'm hoping someone can help with some advice. + +&#x200B; + +**Background:** + +My wife and I bought a 1-bedroom flat in 2016 in an expensive area of London, which in hindsight was a mistake. There was pressure from family to "buy otherwise you'll never get on the ladder" and the only thing we could afford was a 1 bedroom flat in a new-build development. At the time this allowed us to get 20% Help to Buy Equity Loan. We paid £307.5k for the flat, which broke down into £15,375 deposit, £61,500 Equity Loan, and £230,625 mortgage. The flat is roughly 50 sqm. + +&#x200B; + +Fast foward three years, we have a two year old kid, which means we haven't lived in the flat for the past 24 months (it was far too small for a kid), and have been renting it out. Up until now, the rent has covered the mortgage, service charge and ground rent. The tennants have just informed me that they'll be moving out, and have given two months notice, which ends 3rd July. We have permission from our lender to let out the flat on a residential mortgage. + +&#x200B; + +**Problem:** + +Most of our savings are tied up in the flat. We put down £15k for the deposit, and have paid off roughly £20k of the mortgage. In the last three years we've saved another £10k. Until we sell the flat, we can't move elsewhere. Even if we could borrow or beg for another deposit, we won't get another sufficient mortgage with the existing mortgage. So the first problem is that we're somewhat in limbo in terms of our living situation until we sell the apartment. We've been renting for the last two years, but we'd really like to think about buying somewhere longer term. If we can sell the flat, we have a £90k combined salary, and would have roughly £45k deposit, plus access to some more from family, and could buy a small house on the outskirts of London. + +&#x200B; + +The house has been listed on the market for several months now, initially for £325k, and more recently for OIEO £300k. We had maybe five viewings in two months at £325k, and several more since we dropped the price. The highest offer we've recieved is for £305k. + +&#x200B; + +We'd need to sell it for at least £310k to walk away with enough for another deposit. Once we've paid off the equity loan, settled the mortgage and paid the estate agents fees, we'd be lucky to be left with £33k from a £310k sale. Any less and it hardly makes it worth selling. + +&#x200B; + +However, given the difficulty selling, we're unlikely to have sold the flat by July and can't rely on selling it. To bring another tennant in would likely mean committing for another year or so. There are three problems with that: (1) It means it's another year until we can sell. (2) The interest rate on the mortgage is going to increase from 2.7 to 4.9 in 2020. Getting a rental rate to cover that will be almost impossible, so we'll be losing money every month. (3) As I understand, tax laws for landlords have changed. Once we've paid tax on the rental income, and paid the mortgage and service charge, we'll likely be losing £1-2k per annum. + +&#x200B; + +For reference, I earn £75k per annum, my wife earns £13k per annum. Last year I formally (via HMRC) gave my wife the benefit of the rental income to avoid increasing my own tax bill. We ended up with a £584 tax bill for the year. + +&#x200B; + +So my questions are: + +&#x200B; + +1. Is there something obvious I'm missing? The options seem to be, (a) Sell in the next two months, potentially losing money, (b) find a new tenant at the best rate possible and accept we'll lose money, and hope that somehow the flat appreciates in the next couple of years. Is there a (c) or (d) I'm missing? +2. If we can sell, will we be liable for Capital Gains tax? The flat was purchased as our primary residence, but through our own short-sightedness (hindsight is a wonderful thing), we ended up having to move out because it was too small. I've taken the online assessment, the confusing bit is the reference to "ignoring the last 18 months" - We've been living elsewhere for two years, but since the last 18 months is part of that, does that mean we're not liable for Capital Gains tax? +3. Our mortgage is with Nationwide, and because we're letting the flat, we can't remortgage to a better rate, and because it's help to buy I'm not sure if we can remortgage to another bank. Effectively if we have to continue renting out the flat I want to try and reduce our monthly mortgage payments. Is there anything I can do? +4. Is there some form of intelligent tax arrangement I'm missing out on to avoid the hike in landlord tax? + +&#x200B; + +Appreciate any responses! +Throwaway just in case. And sorry if this type of post isn't allowed, I just needed to get it off my chest. + +So my brother's car was recently written off in an accident that wasn't his fault and he's waiting on hearing from his insurance how much he'll get for the car. + +He's therefore in need of a new car. He messaged me yesterday asking to borrow £3k for a deposit on a car he wants to get on finance, and that he will pay me back whenever he gets the money for the written off car (the value of which is still unknown, btw. He's said he will give me that and anything he still owes to me he will pay back in 6 months time once he's paid off a holiday he's booked!!!!) + +It just pisses me off that he spends so irresponsibly. Holidays abroad, home improvements, takeaways, days out every single weekend, weekend getaways with his wife every few months. And then when something like this happens, it's always me that has to pick up the bill (even if it's only temporarily). It's as if he just continues like he does because he knows if he fucks up he's got me to come in and save the day. + +I've tried to impart advice to him but it's obviously fallen on deaf ears because he has absolutely no savings. + +It isn't just my brother either, my mum and aunts/uncles are frequently borrowing off me, 20 here, 30 there. To me, £20/30 is nothing so I end up caving in and lending it to them. They pay it back whenever they next get money but the cycle just repeats. + +Am I being unfair here? I'm getting fucking sick of acting as the family bank when something goes wrong or when they fuck up and use me as their back up plan. I always get the money back but I just feel like I'm being punished for being sensible with money. Has anyone else experienced this? How do you deal with it? +You warned us in January that what we are doing could have broken the system. We didn’t understand what it was you spoke of then, but now we understand. Your fault was thinking we cared. + +We’ve worked all our lives to build your coffers and endow your progeny with riches, and you’ve laughed at us from above and pushed us all further into poverty because of your unrestrained greed. Let’s not beat around the bush, you *wanted* us to live in a capitalistic society - You built up your house of cards, high up, up, into the sky so that the peasants couldn’t reach you. The issue about paper houses is that when they catch fire the smoke will rise and suffocate you before you escape. + +Ask and beg for help, the bailouts will not come anymore. The technology exists to replace you. Your time is over, and it’s time for you to accept that. When the dust settles, we will rebuild and your era will live in history books. + +Sincerely go fuck yourselves, + +The 99%. +[https://youngandtheinvested.com/health-savings-account-hdhp/](https://youngandtheinvested.com/health-savings-account-hdhp/) + +&#x200B; + +Health savings accounts (HSAs) have become increasingly popular as many people seek to control their healthcare expenses by enrolling in qualifying high deductible health plans (HDHPs) to take advantage of their low-cost nature.  However, the question needs to be asked of whether these HDHP and HSA plans make sense for everyone hoping to save on medical costs and tuck away money in an HSA. +If annuities are supposed to provide life-long income, wouldn’t it make sense to start one earlier? Even more so for variable annuities since the funds are actually invested? + +I understand that annuities are not liquid compared to other investment options and the early withdrawal penalties are pretty steep but if a young person (20-30yo) has the disposable income then why not? + +The answer I was given is because “Annuities are supposed to protect against a risk. Like loosing your job” but if that were the case then wouldn’t that be even more reason to have an annuity? Aren’t we all at some inherent risk of loosing our jobs through no fault of our own? + +TYIA for your answers! +By: Nikita Alexandrov BChem, MBA - CTO, [ThinkMyco](http://www.thinkmyco.com) + +Jan 8th, 2020 + +**2019** was a pivotal year in the psychedelic industry with US decriminalization actions, two companies receiving FDA breakthrough status for psilocybin, funding of the **$16M** Johns Hopkins Psychedelic Research Center, The US Defence Department starting their rumored **$20M+** Focused Pharma psychedelic science program and the movement of top universities into research and clinical trials. With the explosion of the more than **$100M** dollars worth of investable psychedelic opportunities in **Q3 2019**, the collapse of high quality cannabis investments, one of the best Decembers on record and a potential **$1B** scale psychedelic IPO - **2020** will be the year of psychedelic investment. + +The movement in the field recently is just a blip compared to what is to come, this industry has been brewing for the last few decades. Big Pharma has failed when it comes to new approaches to brain and central nervous system treatment. Due to poor understanding of mechanisms, complex clinical trials and systematic side effects, Neuro drugs have half the success rate of all Pharma projects, which caused most of the big players to reduce or cut their Neuro programs in the last decades. Recently, engagement is exploding with new clinical legislature supporting Neuro and the recent approval of 3 potentially blockbuster Neuro drugs in the last 2 years, + +**Q2 2019** saw a record of over **$320M** in investment into Neuro drug development. Interestingly enough an influential group of ultra-high net worth individuals including PayPal founder Peter Thiel funded the psychedelic holding company Atai Lifesciences which went on to fund Compass Pathways and continues to fund commercial efforts in this field. Atai Lifesciences recent movements are a familiar story of acquisition and consolidation in an emerging market which will be a common theme in the future of the psychedelic industry. In **2019** Atai Lifesciences acquired Perception Neuroscience and GABA Therapeutics for their next generation tranquillisers. Last week, Atai also acquired NeuroNasal, a non-psychedelic company creating a concussion nasal spray. In partnership with pharma, Atai's recent launch of EntheogeniX, an AI based psychedelic drug discovery platform, shows that Atai is serious about making investments into the fundamental research required to continue being an industry leader in the long-term. It is rumoured that Atai has made a number of cash investments recently, so new partnerships and acquisitions should be expected in the next months. + +The collapse of investable cannabis opportunities are driving investors comfortable in stigmatised industries and binary risk to the table with big pharma, cutting edge science and huge unmet market needs to create a perfect storm of opportunity. + +Highlight: + +[Investors seek 'mega blockbuster' drugs as neuroscience undergoes renaissance](http://r20.rs6.net/tn.jsp?f=001uzaqBBBVDbZJTUnadJCB3t199pkU2abB78s3KLo7b55oF-sLj8XafBENZcwJb3BcQYeiPJskUNfMHnx9TVg1VhJoMhdndHXYrlkKwfpWDPvUpIXkLPOktXZVHf4X84Y4mQjIYAWfULhhAZXc2AdWqDmvw6P3HOyyTVuhiwMpWZe2KIoSY0vOlM9_RxwiyFXNu8VArgEzEsb4djbh0WbcWES5_8ehOR6YQ35Xi9gFyRKv5lB162c4Ew==&c=1OqyuH1pogvTz98bxaq-Z6p_zVE9OEc7EIhFGdkVYP_UB-wu-XHSNQ==&ch=iY9de5nwSA7HHxZ8fID7GxXtfEtN_RlmY5uB_BYZ0wFrjPJ7vctnJw==) + +**How big is the Psychedelics Industry?** + +Historically, the psychedelics industry has been fragmented with around **$60M** worth of companies in the last 20 years, many of which were not sustainable. The current industry is around **$220M+** worth of investments, dominated by the Peter Thiel backed Atia Lifesciences at **$100M+** and Compass Pathways at **$50M+**, followed by Mind Medicine at **$10M+**, Fieldtrip Ventures at **$10M+** and then a 10-25 early companies in the range of **$2.5-10M** each. The **$220M+ worth of investable deals** have only existed since the public formation of Compass Pathways in **2016**, with the majority leaving stealth mode in **2019**. + +Highlight: + +[Transforming psychedelics into mainstream medicines](http://r20.rs6.net/tn.jsp?f=001uzaqBBBVDbZJTUnadJCB3t199pkU2abB78s3KLo7b55oF-sLj8XafBENZcwJb3BcaIpJY-2ZZkof47rUtdU7tVp6DOWjRP93nEVleDhcPJ9ObKDH7ncTyJ9XVu3u7YTcmqOVcYFzX4e6SM3sva7cdAftE1G2PSsSfl8_KM7bjVlVc_f0ejSOEnMoTJmiFZIr7AB0nJWg4XB_h5UHchZ0-GvwScdzIyGvHe2DxyMIEweG_SeaiKoTNw==&c=1OqyuH1pogvTz98bxaq-Z6p_zVE9OEc7EIhFGdkVYP_UB-wu-XHSNQ==&ch=iY9de5nwSA7HHxZ8fID7GxXtfEtN_RlmY5uB_BYZ0wFrjPJ7vctnJw==) + +**How big is the Psychedelics Market?** + +The psychedelics market is emerging while highly coupled to clinical/regulatory events and is split between recreational and medical psychedelic markets: + +**Recreational: $8-19.2B** + +Calculated from cannabis market and comparable usage prevalence as well as demand size economics. + +**Medical: $373B+** + +Calculated from the main markets addressable by psychedelic therapeutics (neurogenics market): mental health drugs, therapy spending, neurodegeneration drugs and cognitive enhancement. + +Highlight: + +[Analysis of the Psilocybin Pharmaceutical Market](http://r20.rs6.net/tn.jsp?f=001uzaqBBBVDbZJTUnadJCB3t199pkU2abB78s3KLo7b55oF-sLj8XafBENZcwJb3BcXTOci_LlUyrZaPJHDdBiPX8B-cMkWTpx9Vz_f81q-pZBbNIfZyHij0YZgJxZqypqOjX_rAN66nLIA9DlnNlBY0OipS23Wkswre--qcLD7n-ma4cyFO66xMpqMzOtm5LrrzAJ_IkxG_gK7f6NSzAWb2gSyYq1uEKH_cxqKdX9GZ4=&c=1OqyuH1pogvTz98bxaq-Z6p_zVE9OEc7EIhFGdkVYP_UB-wu-XHSNQ==&ch=iY9de5nwSA7HHxZ8fID7GxXtfEtN_RlmY5uB_BYZ0wFrjPJ7vctnJw==) + +**Who are the players?** + +**Atai Lifesciences** \- German based, Global psychedelic pharma holding company formed by ultra-high net worth individuals and big pharma, **$100M+** + +**Compass Pathways** \- London based psychedelic giant, Atai's bet on psilocybin as an approved drug for depression, **$50M+**, IPO 2020 + +**Usona Institute** \- A Wisconsin based non-profit powerhouse competing with Compass Pathways to approve psilocybin for depression. + +**Mind Medicine** \- Toronto based ibogaine derived addiction drug development company taking their lead candidate 18-MC through the clinical approval process, **$15M+**, RTO in 2020 + +**Eleusis Benefit Corporation** \- New Orleans based discovery/clinical stage Psychedelic pharma company supported by industry scientists, raising **$25M** + +**FieldTrip Ventures** \- Toronto based, Aurora backed magic mushroom research and development company building clinical and production infrastructure, raising **$12M+** + +**ThinkMyco** \- Vancouver based holding company developing disruptive mushroom production technology and next generation therapeutics, raising **$5M+** + +**Gilgamesh Pharmaceuticals** \- Psychedelic drug discovery company affiliated with the Atai owned Perception Neuroscience and Columbia University, raising **10M+** + +**Universal Ibogaine** \- Vancouver based Ibogaine clinical development company franchising the world's most advanced ibogaine clinical model, raising **$10M+**, RTO in 2020 + +**PsyGen Labs** \- Alberta based psychedelic mass production and clinical research company with highly experienced production chemists **$8M+** + +**Entheogen Biosciences** \- Vancouver based company pursuing psilocybin and DMT based drug development, raising **$3M**, IPO in 2020 + +**Salvation Botanicals** \- A Vancouver based company touting a private controlled substances site license and supporting clinical research, raising **$10M+**, RTO in 2020 + +**Numinus Wellness** \- Vancouver based wellness company building testing as well as clinical infrastructure, partnered with Salvation, raising **$5M+**, RTO in 2020 + +**Cybin Corp** \- Toronto based research and development company building drug development and production infrastructure as well as nutraceutical assets in legal jurisdictions, raising **$3M** + +Emerging Players - There are a number of emerging players, around **$35M+** in emerging deals in **Q3 2019** which have not passed due diligence. + +**Clinical:** + +Recent data is showing psychedelics can be real mega blockbuster Neuro drugs. Johns Hopkins recent trial on Psilocybin for smoking cessation showed an **80%** success rate in terminating nicotine addiction, more than double any known therapeutic approach, including nicotine replacement therapy. This is showing addiction can be treated with new mechanisms that are much more low level than replacing the drug in the receptor. Academic data unequivocally shows that Ibogaine is **95%** successful in terminating acute opioid withdrawal symptoms permanently from a single dosage. Limited data from long-term Ibogaine for opioid addiction trials show **50%** success rates in terminating addiction in the 6 month period with a single dosage, more than **10X** higher than the generous **5%** success rate of other approaches in the 6 month period. Data from leading Ibogaine providers like Universal Ibogaine show that this **50%** figure can be pushed closer to **75%** with proper protocols and aftercare. Clinical trials on Psilocybin for cocaine/crack addiction are ongoing at the University of Alabama at Birmingham, a top 20 medical research university. 10 patients were un-blinded for bioethics review and the unpublished data shows that **30%** never touched crack again while the other **70%** had a relapse or two and turned their lives around, showing a **100%** success rate in changing lives with minimal cost. When this data is available publicly in the next years, tidal waves of interest will move into the field. + +Highlight: + +[Psychedelic Clinical Research Timeline](http://r20.rs6.net/tn.jsp?f=001uzaqBBBVDbZJTUnadJCB3t199pkU2abB78s3KLo7b55oF-sLj8XafBENZcwJb3BcituLo-ySYvsu4x9xNALTR1lLi1vJ52iWmcrDHbnrwR-0K9l9X8f84fvadmat0tGa4PK-RCo5moDALYZEAFxcoZrqiIwoJKrW4gxnBM8JC-bmFyhquff5cFNO-k5_7qdBn-qoFUX7eGs=&c=1OqyuH1pogvTz98bxaq-Z6p_zVE9OEc7EIhFGdkVYP_UB-wu-XHSNQ==&ch=iY9de5nwSA7HHxZ8fID7GxXtfEtN_RlmY5uB_BYZ0wFrjPJ7vctnJw==) + +**Projections:** + +As a recreational market, **0.1%** of the population was surveyed as using psychedelics in the last month, placing the current black market at **$19.1B** while as a comparable percentage of the legal cannabis market adjusted for prevalence would place it at **$8B**. + +As a medical market, the **$373B** neurogenics market seems to be the addressable market. Penetration into any indication in the neurogenics market would reap vast rewards. Psilocybin is on track to compete in the depression market with two FDA breakthrough designations, a **2%** penetration into the depression market would being **$1.4B+** in value yearly. Ibogaine's very reasonable projected **5%** penetration into the opioid dependence market in the next 10 years will bring **$9.6B+** in value yearly to groups like Universal Ibogaine which are deploying clinical infrastructure, supporting clinical trials and controlling the Ibogaine supply chain. Of all of the indications in current psychedelic clinical trials, not considering crossover, they address a **$400B+** market, with projected penetrations across each indication and adjustments for market factors, it is projected **$16B+** of value yearly will be created from commercialisation of the current late stage clinical trials which are in progress. + +Highlight: + +[Johns Hopkins Psilocybin for Smoking Cessation Data](http://r20.rs6.net/tn.jsp?f=001uzaqBBBVDbZJTUnadJCB3t199pkU2abB78s3KLo7b55oF-sLj8XafBENZcwJb3Bck-X-ij8UIWCKHhGjd-RGGXaeY2J9c6sNW42wNC-lXUAzdmPNfk8GSm8v5OKfGeV72gwV5sVwggj9dNmeXPR4j1yOPzA85IDipS3eztLp_wxPfIq0If_V4TeaJBlJJstfVOR-XSOY_cQBu6A83MzdXg==&c=1OqyuH1pogvTz98bxaq-Z6p_zVE9OEc7EIhFGdkVYP_UB-wu-XHSNQ==&ch=iY9de5nwSA7HHxZ8fID7GxXtfEtN_RlmY5uB_BYZ0wFrjPJ7vctnJw==) + +**Challenges:** + +**Regulatory Challenges:** + +While nearly 100 cities are creating legislation to decriminalize psychedelics and multiple US jurisdictions have passed decriminalization, federal changes will be required to open legal markets to the full potential. While investing in the binary risk of regulatory changes is standard in the junior markets, current regulatory controls are preventing early revenues. Many Canadian companies building production and distribution infrastructure offshore in jurisdictions such as Jamaica are operating in a legal grey area. While it is legal in Jamaica, any benefit or advantage given to a Canadian company could be considered a proceed of crime including IP development, capital repatriation and validation of technology offshore. Section 56 exemptions from Health Canada are required for Canadian companies working with psychedelics offshore and companies which are raising investment dollars without a secured Section 56 exemption may be incurring legal risk. + +**Cardiac Liability:** + +The unspoken elephant in the room of psychedelic derived pharmaceutical acceptance is not regulation, for example Ketamine is a scheduled drug which was recently approved for the general market. The problem is actually the liability of bringing a seratonergic based drug to the market like Psilocybin, DMT and LSD. The crippling withdrawal of blockbuster drug Fen-Phen and issues with other drugs like Imitrex due to seratonin agonist effects on the heart have scared the FDA into a position that any seratonergic drug will require extreme cooperation and diligence and will absolutely incur additional clinical and monitoring costs over other drugs. Psilocybin while technically hitting the 5ht2b receptor which causes cardiac side effects, does not have a high enough affinity to be a deal-breaker, meanwhile LSD having a very high affinity will cause large barriers for groups attempting to bring microdosed LSD to the market. Ibogaine suffers from cardiac liability due to an entirely different mechanism and unlike Psilocybin or LSD, adverse events have been reported. While Methadone and other standards of care also have the same long-QT cardiac liability at much higher rates and significantly higher mortality rates , Ibogaine clinical models must pre-screen patients for existing heart defects before procedures to guarantee no adverse side effects. + +**Banking/Insurance/Exchange Issues:** + +Legitimate psychedelic derived drug development companies have already had bank accounts halted at multiple banks for involvement in this industry and moving forward similar challenges faced by the cannabis industry should be expected. Exchanges and public offerings will have logistic challenges with this industry and minor friction has already been seen in the listing process. DNO insurance and other underwriting will be required to list in large markets and to date no psychedelic company has been underwritten, although underwriters and leading insurance brokers are actively exploring his industry. + +**Reimbursement:** + +The real whale will be insurance and single payer reimbursement of psychedelic derived pharmaceuticals on the market, allowing for global market uptake. Health systems have traditionally been decades behind the state of the art as seen in the point of care and home diagnostic device market, a market which could keep people healthy at minimal cost but has been crippled by lack of reimbursement. + +**Supply Chain Commoditization:** + +The production and control of psychedelic supply chains which is the familiar play of the cannabis industry will be a race to the bottom with magic mushrooms and other psychedelics. Production models are competing with a much more fluid black market and are being cannibalized by low cost home production and wildcrafting of psilocybin mushrooms. The LSD or ergoloid supply chain is highly monopolized, with the majority of the worlds ergoloids being produced in a single location. Companies competing in the production and supply chain space will face heavy price pressure and a highly coupled global regulatory system. The single outlier is Ibogaine, with a current global use estimated around **90kg**, expected to reach **280kg** in the next few years, this is a commodity whose price will drive through the roof. Large ibogaine producers have stopped production and natural sources are not commercially viable, with an Iboga plant producing maybe a single dose on the 10 year period, the move of Ibogaine to endangered status in **2019** and no synthetic GMP producers - the Ibogaine market is legal in the majority of the world and exploding while highly underserved and fragmented. + +**Delivery System Challenges:** + +A number of recent psychedelic deals are built around new drug delivery systems for psychedelics entering the recreational market to build expertise and infrastructure ready to move into the pharmaceutical market. Many of these technological approaches will not translate from the recreational market to the pharmaceutical market such as CBD/psychedelic compositions, natural product compositions as well as vaporizer and inhaler based delivery systems. While **20%+** of all new FDA drug entities are derived from natural products, natural product mixtures containing many products and a controlled substance have never and will never be FDA approved due to the regulatory system. Companies developing Psilocybin/CBD combinations and related therapeutics for the recreational market should understand that unlike the cannabis market, recreational approaches will not translate directly to medical approaches. + +**Opportunities:** + +**Syndicated Investments:** + +One of the largest opportunities in any emerging market is syndicated investment, a **2002** analysis of 584 venture backed exits showed that syndicated investments produced double the rate of return of non-syndicated investments. Psychedelic research and development companies require standardized infrastructure that can be leveraged across a number of players. The big players entering the industry are more interested in empire building, requiring massive consolidations of commercial efforts which can be facilitated by syndicated investment groups. Companies like ThinkMyco, Entheogen Biosciences and Cybin Corporation which focus on technology development, IP Portfolios and early stage drug discovery will benefit the most from syndicated investment and collaboration. A Harvard Business School review of Pharma discovery programs statistically compared drug discovery programs to weapons research programs and found in these high reward/low incremental cost programs the optimal path is to run parallel programs, with an average Pharma drug discovery program having 16 parallel programs, 10 core and 6 low budget/high risk. At the current moment, around 5-10 psychedelic investment funds are forming in the range of **$10-50M** each, including the Cannacord Genuity backed Entheos and the **$20M** psychedelic quant fund Tabula Rasa Ventures. + +**IP Portfolio Development:** + +IP development is the highest value for dollar on the investment value chain and the psychedelic industry will be a totally IP driven industry. The most valuable patent portfolios will include new psychedelic compositions and therapeutic mechanisms, which require significant investments into fundamental R+D, while less competitive portfolios will include delivery system/psychedelic combinations.A recent review of patents related to psychedelics shows many hundreds of patents for psychedelic derived therapeutics with only a small cross-section being commercially competitive. DemeRX, the **$40M+** Ibogaine research company holds 65+ patents in the ibogaine therapeutic area. While DemeRX filed for bankruptcy and their research and development assets were liquidated, it is rumored they have been injected with enough capital to come back to the party - this is a dark horse to keep an eye out for. + +**Mushroom/Protein Connection:** + +The real opportunity in magic mushroom production models is flying under the radar: protein production. Mushrooms are one of the highest quality sources of nutrition and protein, if you took a vitamin C supplement you can live exclusively off mushrooms. Dried mushrooms have basically the same protein percentage as beef and in terms of grams of protein per acre per year are **100** fold higher producers and much more sustainable than traditional agricultural practices. Companies in this space which invest into real R+D for lower cost mushroom production will get a lift from the **$1.8+** trillion dollar protein market. A recent review of mid-sized mushroom farms shows that **50%+** of the cost of mushroom production is due to labor and technical inefficiencies. If energy, labor and materials cost drivers can be reduced, and the cost of growing a pound of mushrooms can drop from around **$2** to around **$0.75** through automation, mushroom protein becomes significantly more commercially competitive than many of the industry leaders in plant based protein like pea protein. If energy cost reductions can drop the cost even further, mushrooms will become a disruptive food source. Psychedelic companies building mushroom production infrastructure will be well served to remember that by investing in automation, new technology and new growing systems the price of mushroom based protein production can make it more competitive than any other food source. The largest food security report in history was released **Q2 2019** and showed that without subsidies a hamburger would cost more than **30$** and the meat industry will economically collapse by **2040**, the protein game is looking more and more attractive as a hedge against the regulatory risk of magic mushroom production. + +**China:** + +China is one of the most advanced markets in terms of size and pharma spending, as well as venture investment. Traditionally the Asian cultures had no interest in marginalized and politically tense areas such as drug medicalization but the movement into CBD and China's rabid interest in plant medicines may create a large influx of Asian capital moving into psychedelics. This industry shifting action will be leveraged by education and the court of public opinion. A dialog must be created showing psilocybin as a plant medicine and not a drug of abuse. Interestingly enough, Chinese firms have very recently started producing magic mushrooms industrially and importing them into the Canadian market where they are sold into the black market over-the-counter in some Canadian herbalist stores. + +**Ibogaine:** + +Ibogaine is the only psychedelic model which will not be very quickly commoditized. Ibogaine as a solution to the opioid problem is a disruptive technology, with the rise of fentanyl and fentanyl analogs like carfentanil dominating global supply chains, Buprenorphine, the preferred standard of care is no longer effective and produces a life threatening condition called Precipitated Withdrawal. This is due to the aggressive affinity of fentanyl to receptors, the lack of tolerance ceiling and the little understood metabolism of next-generation fentanyl analogues, dramatically compounding a problem already at pandemic levels. Ibogaine supply chains have collapsed at the same time that demand is growing exponentially, the firm which dominates the current global ibogaine supply chain will reap around **$1.4M/mo** profit serving the current global demand. One of the largest African Ibogaine brokers has seen a **30x** increase in sales from **2017** to **2019**. With Universal Ibogaine taking Ibogaine through the Canadian clinical process and the grassroots support from Health Canada, Ibogaine will be the first psychedelic approach available to consumers. While Ibogaine is a scheduled drug in the US and some European jurisdictions, it is not scheduled in Canada and the majority of the global market. Multiple Ibogaine documentaries are in filming, including actors such as Johnny Depp, as this is an education driven industry, we should expect exponential growth to accelerate in **2020**. + +**Support Industries:** + +Industries supporting the growth of psychedelics will be a large part of the future landscape as was seen in the cannabis sector. A psychedelic business support network including education, conferences, business analysis and financing have already cropped up commercially. In **Q3 2019** the renowned Cambridge House International Extraordinary Future conference created a panel for psychedelic opportunities. Two weeks before the conference there was a frantic rush and the majority of relevant psychedelic players were represented last minute in the panel discussion including: Compass Pathways, FieldTrip Ventures, Mind Medicine, Johns Hopkins, Dennis McKenna and ThinkMyco. Multiple psychedelic investment funds are forming alongside of industry press, consulting groups and other support interests. In **Q3 2019**, Dr. Matthew Thompson of Johns Hopkins and Dr. Charles Nichols of LSU/Eleusis Benefit Corporation helped organize the inaugural conference for the new journal called International Society for Research on Psychedelics in its home of New Orleans. Over 100 international scientists from top universities were represented, with the conference having to turn down many late registrations. Dr. Rolland Griffiths, head of the Johns Hopkins Psychedelic Research Center said "This was the best scientific conference I have been to in my entire career.". + +**Sub-perceptual dosing:** + +Microdosing was popularized by Silicon Valley, catalyzing the resurgence of the psychedelic industry but microdosing is a protocol built on unsound fundamentals. Research shows that the therapeutic effects of psychedelics are highly dose dependant, higher doses lead to better therapeutic effects. The microdosing supply chain model has excellent returns, with a pound of mushrooms costing less than **5$/lb** to produce which provides around **1200X** microdoses. When dosages increase past the perceptual threshold, the potential for adverse events such as bad trips exponentially increases. The ideal dosage seems to be just under perceptual threshold where you can still go about your day, but much higher than a microdose. This is industry standard with seratonergic pharmaceuticals, an example being the diet drug Belvique, which is closely related to psilocybin, dosed at the perceptual threshold for maximum effectiveness. Belvique can cause psilocybin like hallucinations if 4 tablets are taken as it is a seratonergic drug. High doses of psilocybin require a clinical infrastructure and in-patient experience, dramatically increasing costs and logistics overheads. Sub-perceptual dosed pharmaceuticals will be available for out-patient and take home treatment and in many cases may be as effective as full blown psychedelic experiences. Mind Medicine, ThinkMyco and Eleusis Benefit Corporation are leading the charge in sub-perceptual therapeutics. + +**Next Generation Drug Development:** + +Mind Medicine is taking the approach of engineering the hallucinations out of the therapeutic experience by removing parts of the molecule and are moving their drug, 18-MC through the clinical process. This is the ultimate high risk/high reward play in the psychedelic industry. 18-MC is modified which also changes a variety of important receptor binding effects. The modified receptors include the receptors responsible for neural growth factor release, cognitive effects, cardiac effects and the opioid system coupled NMDA receptor system. Since there is no data on the human use of 18-MC in opioid addicts, significant capital must be deployed before it is even known if 18-MC is as efficient as the parent molecule Ibogaine for treating opioid addiction, the ability to treat addiction in an out-patient setting with no cardiac toxicity - 18-MC will be the megablockbuster all investors in the neurogenic space are waiting for. ThinkMyco, Gilgamesh Pharmaceuticals, Mind Medicine and Eleusis Benefit Corporation are leading the field in next generation drug development. + +**Lateral Drug Development:** + +While psychedelics address a $373B neurogenics market, companies such as Eleusis Benefit Corporation are showing they can address other unmet clinical needs such as chronic inflammatory disease. Eleusis is developing new psychedelic compounds for the treatment of inflammation, specifically within ophthalmology, and has recently published Phase I trial results revealing the safety and tolerability of low dose LSD in healthy older adults, with the intention of evaluating low dose LSD as a disease modifying therapy in Alzheimer's disease. Eleusis Benefit Corporation looks poised to cannibalize the **$3B** steroid therapeutic market. Not yet published research is showing Ibogaines potential as a therapeutic to treat sleep disorders. Johns Hopkins is currently reviewing the application of psychedelics in pulling patients from comas and vegetative states. The original pre-Mind Medicine clinical trials on the Ibogaine derivative 18-MC showed promise in treating Leishmania infection. BOL148, an inactive form of LSD, originally the placebo in human clinical LSD research, was found to in some cases to permanently terminate cluster headaches after a few doses and is being publicly demanded from the cluster headache community. These are the earliest days of understanding the application of psychedelic derived chemistry as new therapeutic approaches. + +**Public Health Engagement:** + +Looking at recently released data representing North American, working class adults, methamphetamine and fentanyl use is growing enormously and consistently. Linear regression of growth rates over the last 5 years projects a **380%+** increase in Fentanyl usage the next 15 years, with Methamphetamine projected at a **475%+** increase. This is concerning as there are more than a million high quality data points over 5 years and an R2 value of **90%+** which paints of picture of statistical certainty. This shows that the opioid crisis has moved from a lift caused by supply side drivers to an organically growing demand side driven pandemic, fueled secondarily by histories cheapest and most available synthetic drugs. With Johnson and Johnson settling with two counties in Ohio, projections have placed the total at **$100B+** in fines for the opioid crisis in the next few years. State jurisdictions will shortly receive an enormous amount of cash that will be legally obligated to flow into anti-addiction spending. Due to poor outcomes and non-scalable approaches around advanced public health programs, there will be a flurry of legislature to address how to spend the **$100B+** anti-addiction warchest. Players like Universal Ibogaine who have proven clinical models, can deploy infrastructure and guarantee statistically better outcomes will receive unprecedented amounts of non-dilutive government funding and will be the first to benefit from Decriminalization/Medicalization in the North American market. Players that can come to the table now at the state level and propose medicalization legislature as well as profitable clinical infrastructure with proven outcomes, could monopolize the entire US market. FieldTrip Ventures is developing Psilocybin clinical infrastructure while Universal Ibogaine is deploying proven clinical infrastructure already developed and proven by Clear Sky Recovery, the leading Ibogaine clinical experts with thousands of successful detox procedures and no critical adverse events. + +**Closing:** + +Like any emerging industry, there are challenges and growing pains but the blue-sky upside is unparalleled. "Black swan events are characterised by their extreme rarity, their severe impact, and the practice of explaining widespread failure to predict them as simple folly in hindsight." Due to changes in public opinion, a mental health and addiction pandemic as well as enormous movements of liquid cash, this sector is poised to explode in **2020**. +https://www.nytimes.com/2020/05/12/business/dealbook/fed-bond-etf.html + + +Today is a big day for the central bank, which will buy corporate bonds for the first time in its history. Its corporate bond-buying program was announced in March, as part of a package of pandemic rescue measures. + +The Fed will start with bond E.T.F.s. Most purchases will be in funds that hold investment-grade debt, the central bank said, but it will dabble in junk bonds. Direct purchases of corporate debt will follow. + +• The program, which is managed by BlackRock, will take $75 billion in equity from the Treasury and leverage it 10-to-1, giving it up to $750 billion to play with. +**TLDR at the bottom.** + +I started investing in Ethereum early this year, and the more I understood ETH, the more of a no-brainer it was as an investment. I'll be breaking down ETH for the newcomers, and also for the people already in crypto that hasn't had much opportunity to look into Ethereum, to show you how ETH has the potential to surpass BTC, because of its endless utility. Please be advised, this is just based on what I have learned so far since I started dabbling in the crypto space, if there are any inaccuracies, please feel free to point them out. + +**Disclaimer: We are in the middle of a bull market right now, prices may fluctuate so always do your own research before buying. This is not investment advice, merely an explanation of what Ethereum is, and why I decided to invest in it.** + +# Utility as a Commodity + +On the Ethereum platform, Ether (ETH) is the native token used — meaning ETH is used to process any transaction and changes on the Ethereum blockchain. To power applications and transactions, users and developers use ETH as “gas”, also known as the fee, in order to “fuel” the applications that run on Ethereum. Miners that validate transactions are rewarded through earning the "gas" fees. + +Gas prices for transactions vary depending on the difficulty of computation. The more complex the transaction, the more expensive it’ll be. For example, sending ETH from one wallet to another is not as much compared to doing a loan on DEX liquidity pools to take advantage of an arbitrage gain. **Since ETH is the network's gas, it has utility rather than just being a pure store of value like Bitcoin.** + +As the Ethereum network expands and more developers come into the ecosystem, ETH's demand will increase. The Ethereum network is also constantly breaking ATHs in terms of network traffic and transactions, another sign that utility and demand increase relative to time. Think of it like ETH being oil in the real world. Society needs machinery and vehicles to function, oil powers it, thus, more and more people would want oil in a society where oil is heavily demanded. + +[ Breaking ATHs in daily transactions ](https://preview.redd.it/rbytmy5l5kv61.png?width=2500&format=png&auto=webp&s=215ac20747b40f4127ec939bc82aaadd5ea207fc) + +[ Breaking ATHs in gas used daily ](https://preview.redd.it/n1b16dpn5kv61.png?width=2486&format=png&auto=webp&s=c4dcab0d305aa4bc658a134442d01b653f93bb17) + +# Utility in Applications + +Other than functioning as the network's gas, ETH has a lot of purpose in decentralized finance applications (‘dapps’ or ‘DeFi apps’ for short). An example of this is Maker. Maker allows users to use ETH as collateral, allowing you to generate a stablecoin, pegged to the US dollar, called DAI. Other dapps like AAVE or COMP allow users to use DAI or ETH as collateral to take out loans. Users can then put their loans into a "savings account", earning a nice APY %. If I were to dive into the Defi use cases of ETH, this post will be super long, so I will keep this part short. + +ETH, in short, can be considered a **yield-barring asset**, allowing users to explore a whole new financial world, and gain access to more capital in the decentralized finance world. As of today, over $50 billion is locked in DeFi apps, and this amount is also rising. Developers are also flocking to the network, finding new ways to innovate using the network. This already gives ETH so much upside. **Unlike a lot of current cryptocurrencies out there, where users are simply holding, buying, and selling them, you can use ETH and in very very real ways with tangible benefits.** + +[ Total value locked is increasing, relative to time ](https://preview.redd.it/bkrl3llq5kv61.png?width=1180&format=png&auto=webp&s=d1c650a20255c3f9d1258cffbd8d2110b1239bb8) + +# Utility as a Base Pair + +Back in 2017, a large reason for Bitcoin's boom was because it was the only base pair with other altcoins. This meant that people looking to buy altcoins had to first buy Bitcoin, and then swap it with the altcoins they were buying. + +Looking into the DeFi space, we currently have Decentralized Exchanges (DEX for short), like Uniswap and Sushiswap, that use ETH as the main trading pair for ERC20 tokens/altcoins. This means that anyone who wants to purchase new coins and fund projects that are not yet out on centralized exchanges like Coinbase or Binance has to own some ETH before they are able to swap. This gives ETH utility as a base pair and is the "big boss" of the DeFi ecosystem. + +# Utility as a Store of Value + +Ultimately, like any other cryptocurrency, and with the increased exposure cryptocurrencies, in general, are getting, ETH will continue to see a gradual increase in its price. There are upcoming projects to improve ETH, like reducing the gas fees on the network. + +People would see Ether as an attractive store-of-value investment in order to capitalize on the potential growth of the Ethereum platform. + +Over the past weeks, in the midst of this bull run, we’ve seen ETH ETFs raise [hundreds of millions of dollars of capital](https://decrypt.co/68802/ethereum-etfs-trading-volume-million) — with big institutions and investment firms getting involved. Like Bitcoin, institutional investors and retail investors will want to get involved with an asset that can act as a hedge towards fiat. Long-term investors can also stake their ETH, generating more ETH over time. Pair that with the gradual increase in the price of ETH, the passive income one can generate through ETH is a lot more than with traditional fiat currency. + +# Conclusion + +To conclude, Ethereum is an asset like no other. **It is money, a commodity, and a yield-bearing asset all in one.** Owning ETH is like owning programmable money, and quite frankly, that is why I invested in ETH. I'm not in it for a quick buck, I just see it as a whole different type of digital asset that I will be involved with over the next decade or two. + +**TLDR: Wanted to create a post that newcomers can read and understand more about ETH. ETH has incredible utility as a currency, commodity, base pair, and a store of value.** +I drive a 1998 Toyota Starlet. I get 40MPG, which is much better then most new cars. It never breaks. It costs me roughly 300/Year on repairs. It will soon be a vintage and will appreciate in value, I have seen many 1992-1994 models sell for 4k plus. You can buy a car like this for about 1000 (car in good condition). You can by a car for breaking/parts for about 200 (which will save you on repairs). The engine that is in my car has recorded over 1,000,000 miles in its lifetime, so it is possible that I will never have to change this car in my lifetime. + +Meanwhile several of my struggling friends have taken out car finance, pay more in interest then I do to insure and tax my car each year. Their car often needs to be repaired, parts break that my car doesn't have or need. + +This post is not a brag, I am warning people who are struggling financially think twice before taking out finance to buy a car. If you need a car for work, I strongly recommend a late 90's Japanese compact cars. These seem to be the pinnacle of economical car engineering - that were build just before planned obsolescence ruined cars (and created an economic bubble, in my opinion). +As someone who has dabbled in NFTs and web3 for about 1.5 yrs now, I wanted to concisely highlight why I am so bullish on the marketplace and perhaps more importantly the WALLET gamestop has created. + +1. the gamestop wallet is superior to all counterparts (Metamask, coinbase etc.) + +here’s why: + +when you buy an NFT you have to pay a gas fee to mint (create a record for) the associated data onto the blockchain. these fees can be high especially if many transactions are trying to be processed simultaneously (more transactions at once = higher demand for hardware/ GPUs to enable transactions to be processed) + +people have developed more efficient ways of doing transactions by enabling transactions to occur on a separate “layer” (network- such as Polygon) from the ethereum blockchain (thereby lowering gas fees). + +in the past (before gamestop) if you wanted to do a cheap/ efficient transaction on layer2, this usually required you to first swap your eth for the designated layer2 network’s “coin” (eth to polygon). only then could you use your polygon to pay for the layer2 transaction. + +**many of us have felt the frustration of trying to efficiently swap our eth back from this network (polygon to eth). it adds a time delay, confusion and obstructs the onboarding of new people into web3.** + +the gamestop wallet resolves this issue: +when you create a wallet, there is a layer 1 “folder” and a layer2 “folder” associated with your wallet address. if you want to do cheap transactions, you simply buy eth, and move it to your layer2 “folder”.. + +gamestop’s greatest accomplishment IMO is that they don’t force the YOU, the USER to swap your eth for loopring (layer2 coin). instead, the annoying nuances are handled on the backend. (eth to LRC; LRC to eth)… + +you just need to buy eth, move to layer 2 “folder” and buy your nfts on layer2 for virtually no gas…. + +when you are ready to move your nft to layer 1, you simply transfer to your layer 1 “folder” and can pay gas fee then, at your convenience (and when gas is low) + +2. the gamestop NFT marketplace is already a huge success: + +the @gamestopNFT marketplace (while still in beta and with a limited view of all of the collections it will offer) has done ~$1million in volume per day; outperforming coinbase marketplace’s summative volume, within the first 48 hours of going live. + +from the beta version of @gamestopNFT marketplace, gamestop has offered us a limited glimpse into the types of media its platform will include. these range from music to comic series, to tv series… gaming players and weapons that are interoperable/ rigged for the metaverse (ex: CYBERCREW NFT), as well as art. + +something to keep an eye on is that some collections on the @GameStopNFT marketplace are licensed by “GME Entertainment, LLC” 👀 hmmmm.., wut doing #gamestop ??? + +TLDR: +the wallet @gamestop has created is the most user-friendly and functional wallet i own. this wallet will enable the onboarding of millions of people (taking away the need to swap coins before layer 2 transactions) and will provide the necessary framework/infrastructure for gamefi on the blockchain. + +what they have created is a revolutionary and structurally-sound bridge between web2 and web3 + +**EDIT: MOASS IMMINENT** +We have the savings and deposit (20k deposit 12k savings) but it's the monthly outgoings of owning a house I'm worried about. Hoping to get a house for around the £180k area + +Breakdown - by the time we come to buy a house I will earn (£1900 pm take home) + My current monthly outgoings are + +Car - £179pm (finance with 27 months left, at the time of buying I was doing 200 miles commuting a week, although now permanently work from home) +Phone bill - £70pm (this was a bad decision to buy a fancy phone contract which I didn't need and now regret) +Gaming PC - £25pm (finance with 10 months left, could pay off now) +Gym - £30pm +Other misc subscriptions £30pm (Netflix, Spotify etc) + +Things like the subscriptions will be split when we live together but the others outgoings alone are £300 straight away and which aren't going to go away soon. + +Considering my outgoings will a bank look at them and refuse or offer me a worse mortgage? My partner currently takes home £2kpm + +I'm not too clued in on all the outgoings of owning a home as a first time buyer. Would we be able to afford to own a house with the way mortgage rates are going at the moment. It's just us two and no kids, dependants. +There is nothing wrong with a person doing what they please with their money. That’s the whole point of having decentralized cryptocurrency. If someone wants to have 80% of their portfolio in the big dogs and 20% in SHIB, who cares? The righteousness of this sub is boring. Do you, and let everyone else do them. +My wife's small investment firm is requesting access to my retirement and investment accounts for quarterly financial compliance. Basically making sure that I'm not involved in any trading activities that would raise red flags. As far as I know, this is pretty common in the financial industry to need immediate family members' financial statements. + +I currently provide PDF statements on a quarterly basis, but now they are requesting my username/password to be used in their quarterly reporting. They use the Charles Schwab aggregation tool to do so. Am I required to give this information out? Or am I able to just keep providing hard copies? Seem's like a request to make their system more efficient, but I don't want to increase my risk for their convenience. + +edit: **UPDATE:** I do not have to provide my credentials after all since it's only a retirement 401k in a lifeplan fund (nothing complex). In the future when we have more investments I'll be sure to pick a brokerage that has tiered access accounts for feeds and read-only access. +what are people thoughts on $VZ? Not way to oversold? I get there is a dip after the exDiv date, but not 6%+ + +Is this not a cheap dividend play that's been dragged down by AT&T trying to re-price as a pure communications play? I see lots of value in here as a #valueplay +what are people thoughts on $VZ? Not way to oversold? I get there is a dip after the exDiv date, but not 6%+ + +Is this not a cheap dividend play that's been dragged down by AT&T trying to re-price as a pure communications play? I see lots of value in here as a #valueplay +I'm in a finance class in college right now, and we are each paper trading $100,000. The student in the lead right now is up about 6%. (I feel confident I could beat this easily, but I want to do something a little more risky.) No effect on grade, but there is a prize at the end of the semester for whoever makes the most. The simulator allows us to trade options, which I'm fairly certain the rest of the class knows nothing about seeing as the lead right now is only up 6% overall. Give me some good plays! Mods, if this isn't allowed I'll happily take it down, just let me know. +On Sunday I went to fix a small leak around the bath, one I hoped was limited to the corner of the bath and shower screen. +2 days later I have found water damaged subfloor (thin ply), have removed a wall of tiles that the shower was mounted to, as that was also water damaged plywood. +Right now there is no shower, no panel to mount is to, and some flooring removed. +I need to now have a new panel on the wall (other tiles will no longer match, so probably remove them too. New plywood sub floor and new flooring... + +Even on a budget its probably going to be £1000 to fix, as ive done the removal work myself and will do the flooring. Luckily I can spend a bit more and replace more of the bathroom. + +NOT ASKING FOR ADVICE ETC. This is for the people asking why we have an emergency fund and how much it should be + + +EDIT: I do have home insurance with a good provider however this isn't a pipe leak so isn't covered (called them first thing this morning) +Has anyone ever reported a real estate agent for under quoting, if so who do you report them to and how? + +I have caught out a realestate that is clearly and purposely underquoting and I want to report these scum bags. +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 I’m so happy I decided to grind 2 years ago and I’m ecstatic to be in the position I am in now! + +Hopefully I’ve learned my lesson and continue to be debt free moving forward and can break out of the paycheck to paycheck cycle that I’ve been in since college. +Hi, I'm the guy who made this [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) and anwser most of your questions. I want to give everyone a quick update on how things are going. + +&#x200B; + +\-There haven't been any protest since september 7. Any kind of debate has gone to social media, people who support the law and those against it. + +\-The economy is ok, btc law implementation have not affect anything so far, for most people is just another payment method. It's like nothing have happened. + +\-Chivo app (official wallet) have still many issues, not from servers but the app itself, people are reporting many types of bugs and its funcionality is almost 0. It seems the app wasn´t ready to be released. You're logged out when you open or use the app, sometimes it works, sometimes not. + +Lightning network is fine, transactions are instantly. Transactions over the normal btc network takes a while, hours and days. There's a bug (not sure if it's alredy fixed) that sends a different amount of money than what you specify, for example, I wanted to send $20.00 from chivo app to my exodus wallet over btc network, the succes sign appear on chivo app but when looking at my balance again I notice only $2.00 have been sent...more than 3 days have passed and I haven't receive the money in my exodus wallet. On chivo app there is a clock sign next to that transaction, I assume the money is still on the way. This had happened to many users. The delay issue also appears from chivo to bank account transactions. Most stores aren't accepting btc if you're using chivo, you need to use other wallets. + +Chivo app information that I know: + +\---Lightning Network + +\---Btc invoice address format is P2SH + +\---Sending money from chivo to other wallets have 0 fees. (Since the sender is the one who pays the fees) + +\-Chivo ATM's are presenting problems too. Some of them are closed or removed. Don´t really know the exact reason. + +\-Many stores are waiting for POS systems to be delivered and are not accepting btc. + +\-For the people who wants to help small local producers by purchasing their products with btc or simply wants to contribute buying a cup of coffee like r/BtcCoffee, I highly suggest to wait a couple of weeks for chivo app to work correctly, only in that way an impact can be made. People doesn't know that a worldwide community wants to support them. + +I work in marketing and I may be able to to create a link for those who are interested in supporting small local producers with btc. If someone is thinking of buying houses or land here in my country or at least wants to get some insights about it, I recently made contact with some real state sellers so I can be of help. + +Anyways, as I've said before, let's wait a couple of weeks and see how things evolve. Please remember my username so you don't miss any update. + +\*If you have any questions please look first at my last [post](https://www.reddit.com/r/Bitcoin/comments/pkzwuw/im_from_el_salvador_ask_me_if_you_want_to_know/) where I describe most of what is happening. +Dinner last night with my long time friend, in our 30s. Financially, he's the only one I really know that has his shit together + wife, kid. We're both holding off as long as we can before having to buy a house. Both are saving. FI path's and mentality. Most houses around here are overpriced McMansion style or complete crap shacks. + + +We have another friend: spendthrift, received $200 a week stipend from his parents for tax reasons on their end, blows it, saves nothing. Makes about 100K...always broke, gambles, etc. expensive habits + +Complained to us that his mom and step-dad shouldn't be taking so many vacations because their **blowing his inheritance** (his step-dad is an animal, built multiple business from nothing...destroyed back) + + +But he's not the only one we see... + +------ + + +Does anyone else see this in their day-to-day: with friends, family, co-workers? I'm just curious. My friend and I have no idea who are buying these shit houses in our area (super expensive) while our families are the only one's that seem to have it together trying to be semi-responsible... + + +Ironically, spoke with a relator friend last month and got lunch. He told me after asking, that most people that buy houses are *completely broke* and can *barely come up with the downpayment. Buying way too much house, with tons of debt leveraged up the ass.* + +But how else are you gonna get those Facebook likes...right + + +Curious to hear feedback and the perspective from the sub as it could be interesting...though 70% of American's live paycheck to paycheck so maybe not that eye opening. + +I can't be the only one says 'WTF' daily... +[Here's the Video](https://vimeo.com/183016901). IMO, because of the target audience, he's not "preaching to the choir" here, and that makes this a pretty good video to share on social media. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your 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) +**Summary** + +Eildon Capital Limited (EDC) is an investor that invests in the real estate sector in Australia across a range of asset categories. The investment objectives of the Company are to build a portfolio of actively managed property investments; hold a portfolio of property investments that deliver a combination of an income stream and capital appreciation by reposition and improvement of the investment prior to realization; provide Shareholders with reliable and increasing returns, and deliver shareholders a return, which includes dividend income franked to the maximum extent possible and the benefits of capital appreciation arising from the growth in net assets. It invests in various sectors, including manufacturing, retail, logistics and real estate. It holds a mezzanine finance loan on a property development in Melbourne; over four senior finance loans on property developments, and an equity investment in a property in Brisbane. Eildon Funds Management Limited is the manager of the Company. + +**Portfolio** + +The portfolio at the end of December consisted of 10 investments including 7 debt positions, accounting for 84% of the portfolio by value. These investments provide a margin of safety in the event that the property market experiences a negative shock. The balance 3 investments represent equity positions that, while asset backed, also provide potential exposure to meaningful capital growth via asset repositioning, planning outcomes or market re-rating. + +The company has been growing EPS at a very solid rate and its Trailing twelve month EPS growth rate is 34.6% and since its initial float (mid 2017) EDC has paid out 0.255 DPS. + +&#x200B; + +[EDC Revenue Structure](https://preview.redd.it/b4xgbjshmw151.png?width=1011&format=png&auto=webp&s=c6f3ca10ba073e49acb092b83e42395f2092848a) + +**Future growth** + +The real estate lending market totals approximately $271 billion. Previously major Australian Banks have funded approximately 80% of this segment. With changes to security requirements imposed by APRA, Australian Banks have reduced this exposure to approximately 65%. This has seen a growing number of non-banks become active in this segment. + +Regarding **COVID-19**, the board issued the following statement + +"The real estate lending market totals approximately $271 billion. Previously major Australian Banks have funded approximately 80% of this segment. With changes to security requirements imposed by APRA, Australian Banks have reduced this exposure to approximately 65%. This has seen a growing number of non-banks become active in this segment" + +Currently EDC is trading with a Net Asset Backing of $1.095 (post tax - 22/05/2020) and the SP is $0.97. That's nearly 10% under the current price. + +I applied a **discounted cash flow** to the current price using the values as below and its intrinsic value is $2.55 with a growth rate of 14% which is not unreasonable. This represent expected growth of around 262% in the next 5 years and the stock is within margin of safety price. TTM EPS of 0.11 was used as per stockopedia.com + +[Discounted Cash Flow](https://preview.redd.it/r5i1mz7lmw151.png?width=506&format=png&auto=webp&s=00be3eb362f70d706dd0236d88c9df112f319c7b) + +\-- DYOR and GLTAH. This is not investment advice + +EDIT: + +PS: 7.98% dividend + +**EDIT: To further add to my post, regarding the companies current financial integrity.** + +&#x200B; + +[Piotroski's F-Score \(Health Trend\)](https://preview.redd.it/q98yiri9bz151.png?width=712&format=png&auto=webp&s=480e06be3d02eda9010faab3d06da9d472fe88d1) + +[Altman's Z2-Score \(Bankruptcy Risk Meter\)](https://preview.redd.it/nhw7td0v9z151.png?width=717&format=png&auto=webp&s=860058776c9cfa111ced8feaa6fe5bf95c0ec377) +Well, Emerge finally convinced the ASX to lift the trading suspension and the market suitably punished them for it. With their new market valuation I thought rather than pile on with memes (admirably done elsewhere by the pros) I thought I'd re-hash what we do know about the numbers. + +So far Emerge have announced subscriptions that total a bit over $3m per annum, assuming the bi-annual and monthly subs remain for the entire time. Broken down specifically: + +20,615 annual \* A$113 = A$2,329,495 +1,662 bi-annual \*A$63 = A$209,412 +3,397 monthly \* A$12 = A$489,168 + +TOTAL A$3,028,075 + +[MAJOR EDIT: A helpful autist has pointed out in the comments that Crowd1 actually ran a promotion whereby Crowd1 subscribers could simply use “Business Points” to purchase Miggster vouchers and become subscribers. This means the subscription numbers above might be real but they could easily be of significantly less value, likely closer to zero than several million.] + +Emerge only gets to keep 64.5% of this, net of "attributable platform costs" that are specified by Crowd1/TIM, and of course net of the prize money which will be either USD 125,000 or USD 250,000 depending on how many users C1/TIM delivers. Removing AUD 169,000 to cover the lesser of those two numbers, as well as a conservative burn rate of AUD 1.4m per annum (based off their 4C announcements) that leaves Emerge with AUD 385,000 less whatever those "attributable platform costs" are, for the year. Let's hope C1/TIM operate a lean business model. + +We probably shouldn't forget about the MTN Arena deal, but for something that should be generating \~AUD 200k per month based on what they've reported, they've only ever announced billing AUD 30k, once /shrug/. + +There are some other risk factors... players can pay either Emerge or Crowd1 directly, using South African Rand, Euro, or Bitcoin - so there is a significant currency risk now overlaid on that AUD 385k figure. + +That figure is also subject to both TIM and C1 redeeming coupons and setting costs........ + +It remains to be seen how many of the subscribers are MLM participants doing their part to climb the ladder, but they've convinced the ASX for now and so that should be enough I guess. Worth noting the very express language that they've no plans to operate in Australia, this is a massive, massive red flag and really hammers home the paradoxical position that they can be listed here, but their business model cannot even trade here. + +VALUATION? + +With 657 million fully paid shares on offer and a current price of $0.077, Emerge has a market cap just above $50m which is a pretty steep price to pay for a company with so many risks baked into the offering. + +Assuming they grow the sub base to 100,000 genuine subscribers (I added them to monthly) they stand to have an EBIT of $15-16m. + +The next two 4C announcements will reveal the truth of it but with so many overhead risks I wouldn't even look at this company at valuations over $20m ($0.03). + +GLTAH / DYOR LOL +For brevity: + +* Expenses are very low, \~50k a year projected +* Work in finance and make \~1m-2m a year. Pay has steadily gone up over the years as my desk has done better and better each year. I expect similar comp next year. +* My plan was to FIRE last year but I convinced myself to do "one more year". I have a big bucket list (100+) of goals and experiences I want to take on in FIRE life - some of these would be better pursued while I'm still young and fit. I've told myself that I may be romanticizing a lot of these goals and experiences, but the allure is very difficult to resist as I am really feeling checked out at work. +* I expect that if I were to re-enter the industry after a few years, I would probably start again at 200k-400k. No real data for this, just a hunch. +* I do plan to have a family some day, but I don't plan to send my kids to private school or save for their college tuition (and we don't have to get into a debate about this particular point since it will likely reduce to a clash of values and child-rearing ideology) +* I expect that I will work in the future, likely in an entrepreneurial capacity, and part of my NW (a few hundred grand) is set aside for this purpose. I do plan to scale in very carefully, but I wonder if I've allocated enough of a bankroll to have a shot at success (statistically speaking). + +I think my main questions are: + +1. I know I'm in a classic golden handcuffs situation, but I feel that the ratio of comp to NW that I am dealing with is particularly high. Simply looking at those numbers, it seems like any sane person would say "Just work another year so that you can increase your NW by another 25%-33%", and it seems completely reasonable to agree. Am I crazy to say that I'm burned out and to turn my back on this? Am I simply being emotional and impulsive in wanting to pursue my bucket list of things now? +2. Any nice blogs/articles/posts that I should be reading that might shed some light on the aftermath of similar decisions? +3. Any other random advice? Things I should be considering? Other ways to look at the situation? + +Thanks in advance. + +&#x200B; +(I can verify my NW and age if necessary for the mods ) + +My current life position is that I have a liquid NW of \~$12M, I'm in my 20s, never worked a 'career' job in my life, and don't have any tangible skill set. I'm working on my bachelors in business tech from a very average school in the States. As you can imagine, the NW is just luck not skill. + +The issue as I see it is that I'm not sure how to break into society without the valence of a salary. Everyone I know is either going to grind to become higher members of society (M.D./Lawyer/CPA/CFA) or are going to grind it out for comparatively low discretionary spending. Either way, on my current path I won't really fit in. I won't have the skill-set/title to be useful to the circles of working professionals; and I really can't see myself grinding 40 hour weeks for $50k a year just so I can meet people at work. I already find it hard enough to motivate myself for my classes. I think with my current path I'll be 50 and outside the circles of both the upper-class skillwise and the middle-class lifestyle wise. + +I realize this is an incredibly lucky 'problem' to have. I am by no means trying to pity myself but simply asking for insight. + +My options as I see it are: + +1. Finish school and get a regular ($50k-80k) office job and see if I like working for the sake of working. +2. Try to go to Med/Law school for the sake of broadening myself and becoming useful. Though my grades aren't great so I think that would be a risky and time consuming investment. +3. Spend my time working towards a skill for the sake of enjoyment (sport, art, chess). However I see this quickly becoming monotonous unless I discovered something I could compete at a high-level in. +4. Try and maximize my NW until I eventually have become useful to others simply for being able to accept the risk of being a an angel investor. + +And just in-case it needs to be said. I am happy for my luck; do not see this as me being upset with my position. + +TL:DR Unskilled kid with money that isn't sure how to fit into a society that largely works and obtains accredited skills for the sake of a salary. +Edit: You guys all have been incredibly supportive and amazingly encouraging. I didn't come here to complain about life or start an argument, just to share that it IS possible to at least make some progress. Thank you ALL for your kind words, it means the world to my spouse and I. :) + +I know this sub is full of personal stories, but what the heck, here's mine.... + +I'm a semi regular here, but posting from a new account to stay somewhat anonymous. + +I grew up in a cult. Lots and lots of kids, religion, a hatred for government programs, but somehow my parents couldn't work, either. We were poor, like no kidding poor. I didn't know better at the time, but started to see through it all in my teenage years. + +At 17, I was kicked out (didn't go along with the cult stuff like I was supposed to), had $300 to my name, along with a bike and some super culty clothes. A skimpy part time job, and some amazing friends who took me in and let me crash on their basement floor. + +The next 2 years I spent working every job I could find, eating cheaply and scratching together money for community college tuition. Between growing up broke and experiencing my own challenges, a dollar is worth a LOT to me. + +At 19, I enlisted. While the military isn't for everyone, it's been a really good gig for me. Even on lower enlisted pay, I suddenly had $600 a check of my own money that I had no idea what to do with. Someone told me about the TSP, and I chucked the rest into savings. + +At 21, I took $20,000 that I had saved up and used it to buy a starter home. My peers made fun of me for driving a beater car, but my mortgage payment was less than their car payments. I still ate cheaply, drank only occasionally (a bar tab is basically the worst thing at that age...) and rented out rooms to make extra cash. + +Shortly after buying that first house, the military was kind enough to re-located me, leaving me with a house I couldn't sell. I rented it out, struggling with the cashflow but learning a LOT about real estate. + +Somewhere in there, I got married and had a kid, the typical 1st world life's story. My spouse isn't nearly as focused on FIRE as I am, but is frugal and happy to go along with it. I do the budget and organization myself, then we talk about our goals together. Works pretty well. + +Today, I still don't have my high school diploma, but am almost done with my bachelors degree. I just bought my 3rd house, something that I really didn't need, but I really wanted to live in. Household gross income should be close to $140,000 this year, between two salaries and the rentals. + +$100,000 in tax advantaged retirement accounts, mostly Roths. +$225,000 in rental real estate, only $60,000 owed in mortgages. +$300,000 personal residence, $278,000 financed. +Cars paid for. +Misc emergency savings, cash accounts, etc. + +Total networth of $319,000 as of my last spreadsheet update. Not too bad for a kid who was homeless and hopeless 10 years ago. + +If I can do it, so can anyone else. Here's a few take-aways that I've learned: + +1, it's not always about the percentage of returns, but the overall direction. Mental focus is sometimes your biggest advantage. + +2, just be happy with less. I'm damn proud of my beater cars. + +3, even though we're not FIRE'd yet, I still have the freedom to splurge on my kid and enjoy the small things in life. + +4, sometimes doing your own research is more important than getting professional directions. Not to discount professional advice, but never solely rely on it. + +5, people are gonna make fun of you. Especially as a young adult where all your friends' pay rates are published. Now, though, I get the whole "How did you get to be so rich!?!" question from those same people who were laughing at me just 4 years ago. + +6, money has given me the ability to help other people, especially my younger siblings who are still coming out of the cult. That right there is powerful. If I retire a few years later because I was able to help them get through community college, it will be one thousand times worth it. + + +This post is more about the story than the numbers, and I apologize if that doesn't go with the sub's MO. Sometimes I feel like we gotta step back from the nitty gritty and just appreciate why we're all on this journey. + +Because you are *challenged* in the best possible way and you warmed my heart today. + +✅"When you got some extra money where it's almost like burning a hole in your pocket, you get fifty grand worth of [options]," says Adams. "You're like, 'f*** it,' I'll buy a thousand shares of this." + +✅ He's lost $400,000 since his portfolio peaked last September, according to screenshots provided to CNN, but remains confident that the market will move back in his favor. “You get a little numb to it," says Adams. + +✅ When asked if they have ever met professional traders, the pair reject the idea that they themselves aren't professionals. "That's what I do for income," says Adams. "So it is a profession at this point." + + + +https://www.cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.html +We recently became the beneficiaries of an inherited IRA, and I tell you from the tax planning the new rules of "all taxable within 10 years of passing if deceased was over 72" is really a game changer for those who still have high incomes. + +You feel the difference versus the transferred taxable accounts (step up and you can let them accrue with no forced withdrawals), and the term life insurance which just shows up as a check. + +It really made me think more about my spending in later years and running down the traditional IRA / 401k accounts and passing on the taxable ones. + +Not sure if anyone else is feeling the change with this "ten year" RMD rule. Anyone? +I used to have scheduled auto-pay set up with one of my landlords. When I moved out, I cancelled it. This was 6 months ago. Last month, I got an text from my old landlord saying he was surprised to see I'd sent him an early Christmas present: BoA decided to resurrect my old auto-pay and send him rent money!!! My leading theory is BoA reverted to some backup of their internal systems, where my auto-pay was still active, but I otherwise have no notion of how this could have happened. To me this feels totally unacceptable. + +When I called to complain about this, I received no compensation and no apology. They just advised me to delete the auto-pay (again) and when I pressed them they gave me a complaint ticket number. No-one has followed up or anything. + +I honestly don't even know what value BoA brings to the table for me. Not only do I not feel I can trust them with my money, they also provide negligible interest on deposits. + +I already use an online bank for my savings account. I'm thinking of consolidating my banking by moving my chequing account to Schwab, where I already have a brokerage account and just bid farewell to BoA. + +Curious if others have had similar experiences and/or if others feel this course of action makes sense... + +Clarification: My old landlord did return the money. +Here'z my summary of yesterday's dev meeting. [Timestamps to this video.](https://www.youtube.com/watch?v=HHK6xhuSyUU). Topics in order of interestingness: + +**timelines:** + +* will talk specifically about timelines and specific dates in the next dev meeting (2 weeks) +* 59:00 "everything looks promising and is moving faster than anticipated" +* 51:15 "we have a practical bent at pryzmatic labs, we are focussed on making implementations". "try to accelerate some of the timelines being dicsussed" + +sharding / casper research at recent meetings: 39:00-~60:00 + +* meetings were mostly focussed on sharding. discussed phase 1 spec details. there is agreement among the research team and party, pysmatic labs, consensys, and others on the spec. discussed roadmap and long term goals: stage 1 is sharding in the main chain. stage 2 in parallel= state transition function. stage 3 = lightclient functionality and cross-shard. stage4=tight coupling between shard and main chains. stage 4 is expected to happen around the same time as full Casper. the first version of casper (FFG) will come somewhere between stages 1 and 3. casper and sharding rollouts are independent but parallel. +* there are many teams working on sharding client implementations. there are plans to have shared libraries and shared testnet + +recent ethCC conference / taipei meetup (shading workshop): + +* the "fellowship of ethereum magicians" met at the ethCC conference to discuss issues around EIPs/governance. 100+ people attended. they aim to be the ethereum equivalent of the Internet Engineering Task Force (IETF). 26:00-29:40 +* Raul from pryzmatic labs announced that they are building the first ethereum sharding client based on geth. They are hosting a meeting discussing their implementation of sharding phase 1 (happening today 11AM, GMT-4). 29:50-30:40 + +Other: + +* EIP process updates (meta). new web interface made by nick johnson to read and collect EIPs. improving EIP1 (describing the EIP process) 24:40-26:00 +* discussed EIP 712 (proposal to add a signed data type - useful for some dapps to know the type and value of data signed). there are multiple different proposals for how to address this. potential candidate EIP for acceptance. should be made into a draft. 17:50-24:40, 31:00-39:00 +* progress on testing 6:00-17:30. +* client updates 1:12:00- + +Im an IT professional + live in Sydney and really thinking of upgrading our apartment to a house. It is a goal of mine as it feels like it’s the ‘next step’. Main reasons for upgrading are: more space for WFH and my family, good schools + amenities and allocating more of our portfolio towards capital growth assets. It will take a lot of selling of my ETFs to fund the deposit. + +How has your life changed after purchasing your house? +[https://www.cnbc.com/2019/04/04/tesla-q1-2019-production-and-delivery-numbers.html](https://www.cnbc.com/2019/04/04/tesla-q1-2019-production-and-delivery-numbers.html) +On Christmas morning I opened up my BluRam cam app to check on my apartment/kitties since I’m currently 600 miles away back home for the holidays and won’t be returning until next Monday. To my horror, I saw water spewing down from my ceiling in 4 different spots and my entire apartment in 4 inches of water. + +Every surface was covered in water and everything I own. I called the leasing office multiple times, attempting to reach someone, but obviously nobody was answering since it was Christmas. I was able to leave a message with emergency maintenance, who called me back immediately and said he was aware of the situation and both the kitties were safe in my room, which had no active water flow in it and was seemingly dry. + +Here we are, 3 days later, and my apartment is still completely under water (aside from my bedroom). My apartment building didn’t even reach out to me until last night, 2 days after the pipe burst, and essentially said they’re trying to figure out what to do as 17 units were affected. + +Today I had one of my friends run over and take my kitties to a safe location since the last check in was yesterday morning and I had to arrange a safe space as my roommate now couldn’t come home. Mt friend had to literally chisel the mat off the ground in order to get to the spare key because the water had seeped out of my apartment overnight and caused the mat to freeze to the cement ground. It’s currently negative degree temperatures where I live, I should add. + +She sent me videos of the damage and essentially everything I own is ruined and destroyed. Everything is moist and wet and gross and unable to be salvaged. Clothes, furniture, bedding, etc. I do have renters insurance, but I feel like I shouldn’t have to pay the $500 deductible for this? + +My apartment is also not livable by any means. The carpets, drywall, flooring, hardwood, appliances, plumbing, electricity, i mean EVERYTHING needs replaced. The leasing company (who I have only spoke with once) couldn’t even give me an answer on if I can move into a new unit that’s available or where I can go when I have to return next week. They just kept stating I should be able to live in my place by Monday, but the videos show such severe damage I know it’ll take months to repair. + +I don’t know where to start with this and the lack of communication/empathy from our leasing office is driving me insane. A hotel isn��t possible because I have 2 kitties and my dog and work from home. But the amount of money it’s going to cost to hire a moving company + the time off work I’m going to have to take to move is going to crush me. + +I also just had ACL surgery a few months again and am currently working to pay those bills off as well. I’m mostly just crushed because a majority of the keepsakes I have from my dad (who passed away years ago when I was 18) have been destroyed and can’t be saved. Any and all advice welcome. + +Edit: I wasn’t sure if I would be responsible to pay the deductible since it was a pipe from my above neighbor’s apartment, not mine. I wasn’t sure if their renter’s insurance would cover my deductible or not. I also did not just leave my cats to fend for themselves- my coworker who lives in the building next time mine checked on them every night for me and my roommate left on christmas eve and was supposed to come back the day after christmas. +A few days ago, I created this [post](https://www.reddit.com/r/Superstonk/comments/n800fy/gamestop_should_become_toy_r_us_20_by_also/) suggesting GME become Toys R Us 2.0. I also sent these [tweets](https://imgur.com/a/gomOhrq) to GME and RC during that time as well. I just checked out the GME website and a whole lot of new inventory was added. Many of which were from items people commented about on the post: + +* [Magic trading cards](https://imgur.com/a/Dq1i4tE) +* [Board Games](https://imgur.com/a/zuk5a7m) +* [PC Hardware](https://imgur.com/a/F4YmDCU) +* [Drones / RC Tech](https://imgur.com/a/rqLU0B0) +* [Streaming Supplies](https://imgur.com/a/UEgdfKu) +* [Gunpla](https://imgur.com/a/Z8Hjtym) +* [Digital cameras](https://imgur.com/a/hRLKdj7) + +And my personal favorites: + +* [Die Cast Puzzles](https://imgur.com/a/yWkPVyE) +* [Jigsaw Puzzles](https://imgur.com/a/739AVIX) (just need a 10,000+ piece jigsaw puzzle :p ) + +That's a huge conformational bias for me showing that while GME may not be replying back over text, they are still listening and responding with action. GME is definitely expanding outside of just videogames and definitely lurking on r/superstonk. Business is booming. + +Jack^(Tits) + +Edit 1: The "new" icon is seen on the GME app. If you go on it, you can see the large amount of inventory they recently just added. I tweeted GME asking for the "new" icon to be displayed on the GME website as well as the ability to sort by it. + +Edit 2: Format and grammar + +Edit 3: I made this [tweet](https://twitter.com/pwnwtfbbq/status/1392681120861356032) to GME and RC in hopes for more suggestion box items to be listed. + +Edit 4: "New" on the app may refer to "not used before" versus something that is fresh in inventory. Regardless, there definitely is an increase in inventory related to items that were requested. (I keep a watch for puzzles like a hawk). +We're currently sitting at block 709,436. + +The activation block is set to be mined at 709,632. + +At the current hash rate, we can expect to see the activation go live in just over 24 hours, sometime during this coming weekend. + +Assuming everything goes off without a hitch, this network upgrade will increase network efficiency as well as security utilizing the ability to use a "master key" to sign for multiple transactions rather than one-per-one, which is why it's harder to track. + +Historically price action after upgrades is fairly significant, with huge percentage increases since the last segwit upgrade in 2017, which also created the spin off coin "bitcoin cash" for the group that refused. + +Im very excited to see where this upgrade takes us, and I hope we get even more network growth and efficiency in the coming future! +I have Vitality health benefit which offers 50% discounts on things such as gym. Wondering if there any other benefits I'm missing out on that I should be utilising.. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +A government mining Bitcoin with clean volcanic energy. Am I dreaming? It’s incredible how ahead of everyone else President Bukele is. El Salvador is at a massive advantage as Bitcoin spreads across the world at an exponential pace. + + +Most politicians are all talk and no action. So, pleasantly surprised. The rest of the world will understand the importance of this. + +The video of Bitcoin mining with volcanic energy was posted by president Nayib Bukele on Twitter. + +Here is the link: https://twitter.com/nayibbukele/status/1442949756993490945?s=09 + +El Salvador moving towards being Richest country in the world. + +More adoptions are likely going to follow in future. +Coin Bureau's new YouTube video titled, 'One World Cryptocurrency' is an obvious scam. Most of the comments on that video are probably bots. Its a 1 minute video and it just contains some slides on how to buy the new scam coin. Not sure if coin bureau is the only one affected by this hack. Guy has not provided an update yet but he will probably post something about it in his telegram channel or on his twitter account. Obviously the scam coin is on Binance Smart Chain, who could've seen that coming. This is as obvious of a scam as you're ever gonna get, please don't buy it. + +&#x200B; + +https://preview.redd.it/qqtnmjfzpmd81.jpg?width=234&format=pjpg&auto=webp&s=eeb255dee9fcc6c8fcf562c1d07a5cadd3551f4e + +Reasons why there is no way this was posted by the Coin Bureau team: + +1. Its a scam. +2. Guy does not give financial advice. +3. They don't post short videos. + +Edit: Guy has confirmed on Twitter that their account has been hacked. + +Edit 2: Some other YouTube channels that have been hacked have also published the same video. These channels include The Moon, Floyd Mayweather, aantonop and Crypto Banter +When we got together she had a well paying job and seemed like she was conscious on money and finances. Fast forward several years, marriage, kid(s) and boom: I could not have been more wrong. + +&#x200B; + +The current situation is like: + +&#x200B; + +\- I have a well paid job + +\- She became a stay at home mom + +\- I'm covering all the expenses - more details on this later + +\- I'm wire transferring her 100 euros each month for discretionary purposes, no questions asked + +\- She is working in a part time job, earning about 3-400 euros per month, again, no questions asked, that money belongs to her + +\- We had our second kid recently, which means she will get 300 euros per month for a year from social security, won't go back to her previous part time job + +&#x200B; + +When I say all the expenses are covered, I mean I'm not asking for any contribution from her salary, I pay rent, the car (and associated expenses), food, clothing, vacations, kid's stuff, you name it. There is obviously a blurry line what belongs there, but over time (and because I wasn't strict enough) practically everything started to belong there. + +&#x200B; + +Does our son like a stuffed animal wherever they go out together? Damn it, let's buy it for another 5-10-15 euros. I literally stopped counting how many dinosaurs does he have. I guess all the species ever lived, and each of them twice. Then clothing? He has more clothes and shoes at the age of 6, than we together with my wife. Obviously she purchased most of them as being "mandatory" stuff. Backpacks? For a preschool boy? I guess at least 6. Toys? Don't even ask, the apartment is flooded with them. And that's only the kid, don't get me wrong, he needs stuff, but NOT that much. Instant gratification is dangerous and she is damaging our son for life, and I have no idea how to get out of this vicious circle. Obviously by now I'm the bad dad saying no on bullshit purchases. + +&#x200B; + +Another point is how much stuff she buys or spends on services. Don't even get there, and as you would figure, these are covered by "me" too. + +&#x200B; + +She has her own credit card, bank account, she has all the means to track and distinguish her discretionary spending vs. real necessity, i.e. family expenses. + +&#x200B; + +What makes me extremely stressed that I don't have any idea where the money goes. I mean based on the above, you can have an educated guess! She sabotaged so far all my attempts to get the expenses tracked. Surely I know how much we pay for rent, utilities, car & co, insurances, anything bigger. However I have no real idea on groceries, clothing, services, etc. I begged her for years to collect slips or at least tell me what has been sent on necessities and what was discretionary. Nope. I found many times slips in the trash, then I just gave up. Even though when I see a merchant's name on the credit card statement (she shares that with me, but for what aim...?) - I could not possible know what exactly has been purchased. Try to imagine the European equivalent of Walmart - you can buy there anything, just one item in the statement doesn't tell anything. + +&#x200B; + +Whenever I raise the topic finances she becomes anxious and insinuates me spending our money. Now I literally have no spending, just replacing the really worn clothes and buying IT stuff for around 2-300 euros per year, that's all. I'm not eating out alone, I don't go to bars, don't spend on hookers :), etc. When I try to get into details, she just nopes out, like totally ignoring the facts. I don't even recognize she being the same woman I felt in love and proposed back in those years. :( + +&#x200B; + +In the end, we live paycheck to paycheck, credit cards usually maxed and without a real chance to break out. Emergency fund? Nothing. All we have (I have?) is an ETF account I started before the marriage (and still transferring a monthly sum there). That's a few tens of thousands of euros. Well below 100k. I guess she is not much interested, because "stocks are difficult and complex to understand", but she has already shared ideas how to spend that money too. After all I just need to click "SELL" and we magically would become rich, right? + +&#x200B; + +Are there any best practices how to get her onboarded to a more conscious financial life? I might need baby steps here, because any time I've asked for a change, was like hitting a concrete wall. + +&#x200B; + +What would you do in my situation? + +&#x200B; + +A few more remarks in the end: + +&#x200B; + +\- We are married, therefore the family income should belong to both of us, regardless who does earn it. Still, the disproportion bugs me + +\- No prenup therefore I guess I'm just screwed financially? + +\- One may think that monthly 100 EUR + her salary is not much, but again, let me emphasize everything is covered by my salary, what is (and what is not...) a necessity. Practically she is either hoarding that money (should be quite a sum after all the years) or spending on additional bullcrap. + +Edit: + +Also I see that from others as well, questioning why am I transferring only a 100 EUR allowance per month. + +Hold on here for another second. That is her discretionary money. She doesn't contribute anything to rent, utilities, car, groceries, vacations, nothing. And those items are above 3000 EURs per month. Even if we split to half, then she would have needed to come up with ~1500 EUR per month from where exactly? So I guess that's her "salary" for being a SAHM, and then she earns several hundreds of euros from her part time job too (which is literally a few hours per month.) + +We also considered paying a full time daycare, babysitter, etc. No chance we could do the math properly. + +We live in a HCOL area, let alone 30% of my salary is going to the rent. She did check jobs fitting her, and basically she would not have been able to cover the rent at all. Was she working, we would have needed to pay more for childcare. Just work to pay childcare vs. actually being at home with your kids? I guess there's an easy solution to this equation what she / we have accepted. + + +https://preview.redd.it/08zkv6bi1tq71.png?width=1600&format=png&auto=webp&s=f181ac66f313587a7c6af8897c9eb309996df9c8 + +GOOOOOOOOOOOOOOOOOOOOOOOOOOOOD Morning Superstonk! + +It's Friday, October 1, 2021. + +Does anyone smell that? Smells like the RRP machines going BRRRRRRRRRRRRR and jet fuel from a plane \*allegedly\* towing a sign all around the Hudson Corridor. + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/7kre2hoi1tq71.png?width=680&format=png&auto=webp&s=98f64251b2112b161fba21c0b6dd76d00d38330c + +There's so much to catch up on my fellow apes. + +Let's start with planes. There was supposed to be a plane and banner flying in New York today. And the latest is that there still will be, cease and desist orders be damned. The plane will fly. Not 100% sure what the message will be, but the operators were already [threatened with legal action related to "defamatory arial advertisements"](https://www.reddit.com/r/Superstonk/comments/pypawd/the_plane_with_the_banner_saying_ken_griffin_lied/) (u/jammybam). + +To be fair, \*if\* I had allegedly committed crimes in broad daylight, I'd be pissed about getting called out for them too. New York Apes with cameras, you know what to do. We like pictures more than words. Again, allegedly. + +&#x200B; + +https://preview.redd.it/pc10r0d42tq71.jpg?width=960&format=pjpg&auto=webp&s=5473f1f818cb8a751bc01886400b7f4de608e556 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyzjeu/the_plane_with_the_ken_griffin_banner_will_be/) | u/colorfulsocks1 + +&#x200B; + +&#x200B; + +Speaking of planes... wut doing N302AK? Haven't heard from you in a while... oh, look at that. Where going Ken? + +https://preview.redd.it/vbhoussf3tq71.jpg?width=640&format=pjpg&auto=webp&s=e2262595be28895ac87db293599f0fa6377366fe + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyyf88/is_ken_griffin_fleeing_the_country/) | u/melalawi + +&#x200B; + +Ok, now the biggest *currently* "Tit Jackingly Sort of Inconclusive" story of the day: **accidental Gamestop NFT dividend confirmation?** + +Was it a slip of the tongue? A rogue Computershare employee? We don't know, but the mods are all over it. + + +As of this writing, here's what we know: u/genlink received an email from Computershare containing this line: " GameStop is still preparing to release a Non-Fungible Token (NFT). The shareholders will be notified once it is declared." **We know the email has been confirmed as** ***authentic*** **and** ***from*** ***Computershare.*** + +What we currently don't know is whether this is an accidental leak, a poor choice of words, or something else. We're awaiting updates from u/Doom_Douche and/or u/Bye_Triangle. Watch this space... could be something, could be nothing. + +https://preview.redd.it/97vxbk1d4tq71.png?width=1080&format=png&auto=webp&s=51712c7d96b9784a152cbd1db7e58d5211816434 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyqtdm/gamestop_nft_dividend_confirmation_from/) | u/genlink + +&#x200B; + +Is it the rumor mill running rampant... or are cracks forming and leaks slipping through the cracks? Time will tell. But you can't stop the signal. + +https://preview.redd.it/ummm1yii4tq71.jpg?width=750&format=pjpg&auto=webp&s=a1aa03aa16442dba04be3005d379a14e00203cb9 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyxn96/and_does_it_begin_the_suspense_is_building/) | u/TappyDev + +&#x200B; + +Sort of feels like we did all the side quests before the main DRS quest. We figured it out now. + +https://preview.redd.it/rro487vt6tq71.jpg?width=960&format=pjpg&auto=webp&s=1c0ec29130e99250dca9de637b93d5c74632db94 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pz0xt7/wombo_combo_on_the_way_nft_float_drsd_moon/) | u/LonwayArti + +&#x200B; + +That said, all evidence suggests that Dark Pool volume is seriously allergic to DRS Registration. Keep it coming! 6th consecutive day below 40%. + +https://preview.redd.it/prvvlm6l6tq71.png?width=640&format=png&auto=webp&s=d5675ceefc88e6af9e8cd7be6b6de426d7e2be32 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyvukd/gme_volume_by_exchange_930_nutrition_facts_dark/) | u/fastpath7 + +&#x200B; + +Let's not forget to mention Reverse Repo... 36 consecutive days over $1T. Will we see a $2T day? + +Let's also recap the week: + +Monday - 1297B + +Tuesday - 1365B + +Wednesday - 1415B + +Thursday - skipped right over 1500B and landed on 1604B + +Friday - *???* + +Going purely by the *average* increase between Monday and Thursday of $102B each day... Friday could be $1706T. But that's all speculation. + +https://preview.redd.it/44rkplwp4tq71.jpg?width=960&format=pjpg&auto=webp&s=ada32643bec7685fb6e752a050fff61b0c527a48 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyp2ky/reverse_repo_new_high_score_drs_is_the_way_my/) | [u/canispeaktoyourmangr](https://www.reddit.com/user/canispeaktoyourmangr/) + +&#x200B; + +&#x200B; + +Looks like maybe there will be some action taken on the \*alleged\* inside trading by US Federal Reserve Officials done \*allegedly\* in broad daylight. Cool story bro. We're holding our breath. + +https://preview.redd.it/ba6ixqeq5tq71.jpg?width=372&format=pjpg&auto=webp&s=e16c6c8d36f51790308b121ea6ad415d93f63b2e + +[LINK](https://www.reddit.com/r/Superstonk/comments/px7eaj/democratic_senator_sherrod_brown_says_he_plans_to/?utm_medium=android_app&utm_source=share) | u/Floo433 + +&#x200B; + +Citadel apparently lost their Twitter password at the end of January but just found it and has been going on a Twitter rampage. They are bringing forth all sorts of evidence that totally exonerates them of all alleged wrongdoing... oh who am I kidding? Of course things aren't so clear. + +You put information out there for us to check... we're going to check you on it. Don't mess with Reddit. Look at this: + +https://preview.redd.it/jxsvlunp7tq71.png?width=960&format=png&auto=webp&s=6b77baa8798ebc9e57e7eaa226a60846b8f5ec91 + +Alleged proof causing alleged exoneration? Or alleged crime and alleged coverup? Looks like the chat transcript from an unknown program doesn't have the same redaction colors... so it's possible that this document is evidence of splicing two images into one convenient narrative. Allegedly. + +[LINK](https://www.reddit.com/r/Superstonk/comments/pz00kx/adjusting_brightness_shows_its_not_one/) | u/ThirdWorldMeatBag + +&#x200B; + +Just remember this as you continue your Twitter rampage Citadel's Social Media Guy: + +https://preview.redd.it/fcnuc4ug8tq71.png?width=610&format=png&auto=webp&s=68bb404a970133a8db8937a2efb8debf8ff431c3 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pyumva/citadels_going_on_another_twitter_rant_as_we/) | u/LassannnfromImgur + +&#x200B; + +&#x200B; + +I leave you on this note: + +&#x200B; + +https://preview.redd.it/n3t2stpp8tq71.jpg?width=960&format=pjpg&auto=webp&s=7fc60c2e6ffaea932eeb04a9d0e94e9bce3a6572 + +[LINK](https://www.reddit.com/r/Superstonk/comments/pym6gq/lmayo_so_true_but_for_real_drs_is_the_best/) | u/HODL_GME_HODL + +&#x200B; + +https://preview.redd.it/qj883wsj8tq71.jpg?width=960&format=pjpg&auto=webp&s=e96d03dcfe2a976601a6b6eeca92c074b511f44a + +[LINK](https://www.reddit.com/r/Superstonk/comments/pz0gz1/buy_hodl_and_drs/) | u/cyberdog_318 + +&#x200B; + +&#x200B; + +https://preview.redd.it/fyn8kkpt8tq71.png?width=554&format=png&auto=webp&s=0cdcb72a7549c78651aac77bbf38263f8c5e6f29 + +&#x200B; + +Be excellent to each other and remember our mantra: Ape no fight Ape. Ape help ape. Ape no make ape feel stupid. We are all in this together. + +If our interactions continue to be civil, then bad actors and shills stand out like sore opposable thumbs. + +&#x200B; + +HODL and stay diamond-handed. It's Friday. We ride at dawn\*. Let's close the week out strong! + +(\*6:30 PST, 9:30 EST). + +&#x200B; + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Audio version on hiatus, returning 10/4/2021 -- u/madsmatter + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +A few wrinkled-brained apes for quick post history access: + +[u/Pharago](https://www.reddit.com/u/Pharago/) (Today's The Day) + +[u/mr\_boost](https://www.reddit.com/u/mr_boost/) (Ape News Network | Sign Guy) + +[u/Parsnip](https://www.reddit.com/u/Parsnip/) (German Market Guy | Diamantenhände) + +[u/gherkinit](https://www.reddit.com/u/gherkinit/) (Daily Technical Analysis) + +[u/DR7KE](https://www.reddit.com/u/DR7KE/) (scales Treasury Balance Guy scales) + +[u/pctracer](https://www.reddit.com/u/pctracer/) (Reverse Repo Market Updater) + +[u/JTH1](https://www.reddit.com/u/JTH1/) (Floor Guy Stonkdate) + +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) (We miss you) + +[u/atobitt](https://www.reddit.com/u/atobitt/) (DD) + +[u/Criand](https://www.reddit.com/u/Criand/) (DD) + +[u/Dismal-Jellyfish](https://www.reddit.com/u/Dismal-Jellyfish/) + +[u/peruvian\_bull](https://www.reddit.com/u/peruvian_bull/) (DD addict) + +[u/possibly6](https://www.reddit.com/u/possibly6/) (Elliot Waves) + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Research and writing credits go to your TDS team: [/u/Blazlyn](https://www.reddit.com/u/Blazlyn/), [u/Odd-Ad-900](https://www.reddit.com/u/Odd-Ad-900/), [/u/MadSmatter](https://www.reddit.com/u/MadSmatter/), [u/Hipz](https://www.reddit.com/u/Hipz/), [u/ViviconsAdventures](https://www.reddit.com/u/ViviconsAdventures/) and [u/Luma44](https://www.reddit.com/u/Luma44/) + +***None of the stuff on this page is*** ***financial advice - we just like the stock.*** +https://www.nytimes.com/2017/05/12/your-money/hot-stocks-can-make-you-rich-but-they-probably-wont.html + + >a mere 4 percent of the stocks in the entire market — headed by Exxon Mobil and followed by Apple, General Electric, Microsoft and IBM — accounted for all of the net market returns from 1926 through 2015. By contrast, the most common single result for an individual stock over that period was a return of nearly negative 100 percent — almost a total loss. + + +Here is WSJ's take on BRK's addition to the portfolio. It would not be surprising to learn that they bought more TSMC in October/November. (Of course, right now, we won't find out until next February.) This buy definitely has potential to go sideways in the short-term, but looks like classic Warren Buffett for the long-term. + +&#x200B; + +[https://www.wsj.com/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666](https://www.wsj.com/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666) + +&#x200B; + +Berkshire’s $4.1 billion investment vaults TSMC into the conglomerate’s top 10 holdings + +&#x200B; + +By Akane Otani + +Updated Nov. 15, 2022 10:09 pm ET + +&#x200B; + +Warren Buffett’s Berkshire Hathaway Inc. is making a multibillion-dollar bet on a Taiwanese chip maker. + +&#x200B; + +Berkshire’s investment in Taiwan Semiconductor Manufacturing Co., disclosed late Monday, marks its latest step into an industry that Mr. Buffett had shied away from for much of his career. + +&#x200B; + +For years, Berkshire mostly avoided technology stocks. In fact, in Berkshire’s 2008 annual report, Mr. Buffett went so far as to say he preferred simple businesses. “If there’s lots of technology, we won’t understand it,” he said. + +&#x200B; + +But over the following years, Mr. Buffett’s view of technology shifted significantly. In 2011, Berkshire invested $10.7 billion in the shares of International Business Machines Corp., an ill-fated bet that it exited entirely in 2018. Berkshire made another large foray into the sector in 2016, when it disclosed it had a nearly $1 billion stake in Apple Inc. The iPhone maker is now Berkshire’s biggest single stockholding. Berkshire also had a roughly $1 billion stake in [Amazon.com](https://Amazon.com) Inc. as of the end of the third quarter. Earlier this year, the Omaha, Neb., conglomerate revealed it had built a roughly $4 billion stake in computer-and-printer maker HP Inc. + +&#x200B; + +The purchase of 60 million shares of TSMC, which Berkshire paid roughly $4.1 billion for, has vaulted the chip maker into its top 10 stockholdings. + +&#x200B; + +“TSMC welcomes all investors with the propensity to buy and hold TSMC’s stock,” TSMC spokeswoman Nina Kao said in emailed comments. American depositary receipts of TSMC soared 11% Tuesday, scoring their biggest one-day gain since 2020. + +&#x200B; + +The timing of Berkshire’s investment is notable. The semiconductor industry has faced a reckoning this year. After enjoying a surge in profits during the pandemic, chip companies have cut costs, reduced output and reined in near-term capital-spending plans because of slumping demand. + +&#x200B; + +TSMC hasn’t been immune to those pressures. Its ADRs are down 43% from their January peak. + +&#x200B; + +Still, many chip executives remain optimistic about long-term demand for their products. Global sales are expected to roughly double to more than $1 trillion annually in the next decade, thanks to improvements in manufacturing capacity and subsidies for factory building by governments in the U.S. and Europe. + +&#x200B; + +TSMC is also a key provider of chips to Apple. Mr. Buffett has described the iPhone maker as Berkshire’s second-most important business, following its insurance units. + +&#x200B; + +“There’s a school of thought that believes we’re close to a bottom for chip stocks,” said Cathy Seifert, a CFRA Research analyst. Given “Taiwan Semi is considered by many to be a premier chip maker,” the bet makes sense for Berkshire, she added. + +&#x200B; + +Berkshire’s investment also stands to benefit from any potential cooling of tensions between the U.S. and China. + +&#x200B; + +TSMC’s headquarters are in Taiwan, the self-ruled island that is home to more than 23 million residents. Although TSMC has been making plans to expand existing factories in Japan and build multiple plants in the U.S., as well as potentially in Singapore, its production capacity remains concentrated in Taiwan. + +&#x200B; + +Beijing has claimed Taiwan is part of its territory and threatened to take it by force, if necessary. In response, the U.S. has vowed to defend Taiwan from a Chinese attack. + +&#x200B; + +After months of tension, President Biden and Chinese leader Xi Jinping sought this week to stabilize relations between their two countries. They met Monday in Bali, Indonesia, for the first time since Mr. Biden became president. + +&#x200B; + +—Yoko Kubota contributed to this article. +How does an average blue collar worker on 75k (me by the way) buy a property in these bigger metropolitan areas. I was just having a look on realestate.com at the average house price in these cities and it’s ridiculous for what you’re getting. + +In North Queensland (where I’m from) a 1mil property will get you up on top of hill with an uninterrupted view of the ocean, beach access, a huge pool, gated community, green grass, palm trees galore and somewhere between 5-6 bedrooms. In Syd or Mel, that sort of money is just your average unit/townhouse. + +So my questions are; + +1. Are average/median income earners (like myself) buying or renting in these cities?? + +And 2. When people are on something below $90,000 per annum with a deposit for a property of something between 900k and 1mil, are the banks approving them for loans even tho their salary is only around 8-10% of the cost of a property worth somewhere between 900k-1mil?? + +Apologies if these questions sound a bit confusing +$500k mortgage, 50k vehicle, and 40k credit. I make decent money at 130k a year... my monthly bills work out to be around: +2500 for the mortgage + +300 food + +80 internet + +100 server hosting + +500 vehicle + +300 utilities + +100 cellphone + +200 retirement fund + +100 workplace stockpurchase + +100 savings bonds + +60 cellphone + +500 debt payment + +With rent prices falling, I could potentially sell my house and besides paying off the mortgage, car and credit debt all in one swoop... but I've never rented before, always owned, sort of annoyed at seeing such a huge chunk of my pay go into a wooden box... don't get me wrong, selling a house for more than you paid for it is great, but can't imagine what life would be like completely debt free... Would the money I save by renting (say 1500 a month) invested in (I don't know what) be smarter for retirement than selling a paidoff house when I retire? + +&nbsp; + +EDIT: I should probably clarify, the market value of the house is $700k, the company matches stock purchases at 1:3, the company also contributes to a private pension, altogether my retirement savings are at 140k... not great, but at least it's something... + +EDIT2: I live in Canada, in one of the more expensive cities to live. 500-700k is average price for a double-car garage home in a decent neighbourhood, though house prices and rent prices are falling slightly (so far) due to the economy... been through it before though... Should also clarify the 40k is a secured LoC that I took out to pay for the basement development & this is my "forever" home, or at least I hope it will be. My takehome is roughly 7k a month. +[First post](https://www.reddit.com/r/personalfinance/comments/4m1ln3/resident_physician_with_400k_medschoolgrad_school) + +[Year One update]( https://www.reddit.com/r/personalfinance/comments/6tfii3/1_year_update_resident_physician_to_attending) + +Hello everyone, I figured I would do a yearly update and crosspost to both PF and the FIRE subreddit. + +**THE DEBT** + +Down to 362K as of today. + +I ended up refinancing my loans to a private lender. I debated long and hard about continuing with PSLF, but in the end, the risks far outweighed the potential benefit. There was no guarantee that my loans would be forgiven, especially as my employer was not 501c3 certified. Even though it is considered a non-profit and provides public health services (it is an independent physician group and is not technically part of the hospital), there is nothing to prevent the government from denying the forgiveness claim. I ended up refinancing to a 3.8% fixed rate loan for 6 years. However, I have been paying biweekly instead of monthly, and that has shaved off a significant time off of my payoff period. + +Deciding to refinance was one of the toughest financial decisions I made. It may be possible that I could have gotten my loans forgiven had I stuck with it, but I simply wasn’t willing to take the chance of my loans ballooning to a massive amount (my average interest rate for all my loans pre-refinancing was about 6.8%), and then finding out I didn’t qualify for PSLF. Ultimately, I feel better about paying off loans at a regular interval, and watching the total principle decrease. Although it’s easy for me to say I wish I had started paying off in residency, hindsight is 20/20 and what’s done is done. I’ve made the commitment to get rid of my loans, and to be honest, it feels like a dark cloud has started to lift knowing that they are finally being payed off. + +Again, I have no credit card debt, and pay off everything at the end of the month. + +**PERSONAL STUFF AND EXPENSES** + +Still not married and have no children. I did date another physician this past year, but she ended up moving across the country (which was in the works before she met me). We separated amicably, and I although I do feel sad, it was for the best. My car now has 130k miles, but I’m starting to feel the pull of lifestyle creep. I can’t help but constantly look up newer model cars, and think about how much better my 15min commute would be with heated/cooled seats. I follow Doug Demuro on YouTube, and wish I had a car worthy of being reviewed for it’s quirks and features. I'm still leaning hard towards a CPO Tesla! + +I’ve decided to update my wardrobe once a year, but only around great sales. This year, Macy’s had a great deal around Veteran’s day, where they had an extra 20% off coupon. Ended up purchasing a ton of dress shirts, pants, and shoes for less than $300. I’m subscribed to /r/frugalmalefashion which is where I can keep an eye out for these deals. + +I reduced expenses: + +* Again called my ISP and was able to keep my 50/10 internet for $30. My modem and router have paid for themselves, so again, no rental fees :) +* Ended up joining my brother’s family plan. Cost was an extra $18 to his plan, which I pay off. Over the last 2 years, I've reduced my cell phone bill from $75->$55->$20! +* Kept my Costco executive membership and am using their credit card. This combo essentially pays for itself through the combined 4% cash back, as well as 4% off their gas (which is already about 20c cheaper than surrounding gas stations). + +**THE JOB** + +Received a promotion, with a stipend attached to it. It’s a little more administrative than I thought, but it’s providing me with an opportunity to learn leadership skills. + +**THE BENEFITS/INVESTMENTS** + +* 403(b): 18.5k fully maxed out last year. For 2018 and going forward, I’m spreading the investments over the year. +* Non-governmental 457: 18.5k fully maxed out last year. Again, for 2018 going forward, I’m spreading the investments over the year. +* 401(a): employer contributed. Finally qualified this year! +* Roth IRA: $5500 fully funded the beginning of every year. I have basically been setting aside $211 every pay period so that I can fund at the beginning of next year. +* Emergency fund: fully funded. Ended up closing out my Ally CDs early since their savings interest rate was more attractive than the CD. +* Taxable brokerage accounts: I ended up keeping only the Vanguard account open. I haven’t really been contributing as I have been saving up to purchase a home in the area. I do have 2 individual stocks I purchased near the end of last year which have done reasonably well. I’m a fan of index funds, but these 2 were “fun” stocks to play around with. +* Cryptocurrency: I really wish I wasn’t greedy or had FOMO syndrome. I could have made a small profit had I sold at the peak. Instead, I only have about 25% of my original investment left. My only saving grace is that I did not pour too much into this, and can absorb the losses. Do I truly regret it, though? Not really…I was thankfully reserved enough not to invest too heavy, and I can treat it as a lesson learned (albeit a pricey one). + +**NET WORTH** + +* Since I started calculating this in October of last year, my net worth has gone from -$311k to -$170k. Using excel’s trendline tool, I’m expecting to hit net 0 in September 2019. + +Here’s a [visual](https://imgur.com/a/tsD3VUi) of my net worth, debt load, and investment value since I started tracking in October 2017. + + +**THE PLAN FOR THIS COMING YEAR** + +1. Continue to max out 403b, 457, and backdoor Roth IRA. Once I save up 20% for a down payment, I’ll restart m contributions to the taxable brokerage account. +2. Continue to pay off student loans regularly. Currently I have under 5 years left on my loan repayments (I have been paying a little extra every month in addition to making biweekly payments). Having an auto-debit from my banking account has done a lot to ease my mind. Any extra cash I make will be used to pay off loans. +3. Continue contributing to nephew and niece college funds. +4. Since I have started making massive student loan repayments, I have been able to avoid lifestyle creep simply because I don’t have the money to do so. That being said, although I still live like a resident, I don't have to live like a hermit. I was able to afford a vacation abroad this past year, I continue to have dinners and drinks with friends, and am still able to afford the occasional nice bottle of Japanese whiskey once every few months. + +As usual, thank you for reading this long post! Any suggestions, comments, or criticisms you can provide will be much appreciated! + +As a 23 year old college student, the way I think, the way I spend, the way I plan for the future, has ALL changed for the better from crypto. + +My crypto journey started in January 2021, when I bought $20 of Bitcoin. Ended up FOMOing my entire savings in BTC around late April of last year without knowing much about cryptocurrency, other than the fact that it was making other people rich. I wanted in. And then BTC crashed to 30k. + +Luckily, instead of saying “fuck this I’m out” I did my research during that semi-bearish time, became more enlightened about the world of finance and since then I’ve never stopped buying. All the way up to the ATH and all the way back down. + +I may be down now in my crypto investment, but getting into crypto has taught me how to save, how to not make unnecessary purchases, I’ve learned SO much about the stock market, charts, and economics in general all stemming from my interest in Crypto. + +Before getting into crypto, I had no plans of investing money for the future. My only plan was to save everything in a bank savings account. Before crypto, I paid no attention to inflation problems, paid no attention to the direction of the economy, and didn’t pay much attention to my financial future(besides studying for becoming a civil engineer) + +Even if I never find financial freedom through cryptocurrency, I will always be thankful for the impact it has made on my life! +All the instructions are here : [https://www.reddit.com/r/Superstonk/comments/n625d4/how\_to\_vote\_with\_degiro/?utm\_source=reddit&utm\_medium=usertext&context=3&utm\_name=Superstonk&utm\_content=t1\_gzk14de](https://www.reddit.com/r/Superstonk/comments/n625d4/how_to_vote_with_degiro/?utm_source=reddit&utm_medium=usertext&context=3&utm_name=Superstonk&utm_content=t1_gzk14de) + +Since there is less than 24 hours left, I'd suggest you skip steps 1 & 2 and go directly to step 3. +They're covering coinbases limits with credit/debit card, Mad Money has recently said that anyone who can afford it, should put ALL of the money they can afford to lose into bitcoin. Love these fuckers. + Liquidity is locked for 1 year (proof in telegram, pinned!) + +\-Tech is the edge. Nobody else cracked the auto-claiming (except tikitoken). Every 30 minutes, you get paid in BNB that goes directly to your wallet (No need to claim) 🔄 + +✅**Marketing team is also great**, big marketing has not rolled out but yet TG is 4 k organic members and waiting investors. Over 3k+ holders in one day + +\-The bigger the bag, the bigger the redistribution. It incentivize HODLING so we can expect a great price action. + +\-Tikitoken contract is Audited by HASHEX.ORG , not your average shitcoin audit. And because it will be a fork, the new contract will be safe as well. People have confirmed the differences are minor. DAPP coming today, audit coming on Thursday. Contract locking has also been implemented (not in tiki) for long term development and managing of contract - contract won't be renounced but it will be locked for 1 week when everything is working correctly! Parameters will be updated if need be, but otherwise the contact will remain locked (same as renouncing). + +**Get in now and DYOR** , Also big marketing connections on crypto platforms are secured . Little heads up you will be hearing about Astrokitties a lot more even probably by your grandma, lets go! People from tiki are already selling and buying Astrokitties! + +Also, check out the earnings calculator ([https://testing2.astrokitties.app/](https://testing2.astrokitties.app/)) + +**✅Important Links and Information:** + +\-**Contract**: 0x41536dab3bf116d6383b93167d8f36949f2e5278 + +\-**Whitepaper** and tokenomics [https://www.notion.so/Astrokitties-Whitepaper-5d6e3aa5bb0a4ea49c58dbc9e0b83bae](https://www.notion.so/Astrokitties-Whitepaper-5d6e3aa5bb0a4ea49c58dbc9e0b83bae) + +\-**Website** : [https://astrokitties.io/](https://astrokitties.io/) + +\-**Telegram** : [https://t.me/astrokitties](https://t.me/astrokitties) + +\-**Twitter :** [twitter.com › astrokittiesio](https://twitter.com/astrokittiesio) + +\-**Chart :** [**https://www.dextools.io/app/pancakeswap/pair-explorer/0xfd9c08f02fa7c768c6fbe39b6b29dcae767d03a0**](https://www.dextools.io/app/pancakeswap/pair-explorer/0xfd9c08f02fa7c768c6fbe39b6b29dcae767d03a0) +Want to determine if GME is shorted many times over the float? Send a request to Fudelity, Robbinghood, TDAmerica, Webull etc ask them to do an internal data pull on GME at midnight or something. This will determine how many GME shares are kept under the broker at the time. Timestamp it and send it back to the SEC and/or the DOJ. The SEC/DOJ then proceed to add the numbers together. If the total number exceeds the float, send a SWAT team to KG's house. What's hold up here? Or what am I missing here? +I have a moderately aggressive Roth IRA through Acorns, and I have recurring deposits of $115 every week to put the $6k limit by year end. However, I make over the $122,000 income limit for a Roth IRA. Pardon my ignorance, but does this DQ me from having a Roth? What are my options? Thanks in advance for your help and guidance! +I like many others here just wish to share their progress. I'm excited about my journey and thankful to this sub for guiding me throughout. + +This is quite the fun birthday present. It involved a lot of luck and some hard work. I'm not going to come here and post about how much hard work this took for me, I'm just going to be honest. + +I inherited \~60k after my grandparents passed away, my parents gave me 15k for a wedding gift and I grew up in an upper middle class household with smart parents who influenced my career from birth and paid for my college tuition. I hope to do the same for my children. I'm grateful for the luck that's bestowed my life, its okay for me and people in similar situations to me to be excited about this stuff regardless. + +Net Worth: + +||Net Worth|Change| +|:-|:-|:-| +|2016|$63,813.08|| +|2017|$129,298.73|$65,485.65| +|2018|$171,254.68|$41,955.95| +|2019|$298,976.65|$127,721.97| +|2020|$402,677.42|$103,700.77| +|2021|$500,202.80 (EOY projected: $530,202.80)|$ 97,525.38 (EOY projected: $127,525.38)| + +Income Breakdown + +||W2 Income|Vested 401k Match|Other Income|Total Income| +|:-|:-|:-|:-|:-| +|2016|$91,718.69|$5,457.70|$1,634.72|$98,811.11| +|2017|$118,552.68|$8,675.08|$1,080.20|$128,307.96| +|2018|$129,737.72|$9,527.44|$1,387.29|$140,652.45| +|2019|$144,294.31|$10,453.84|$3,356.13|$158,104.28| +|2020|$153,254.19|$11,264.30|$25,368.59|$189,887.08| +|2021|$179,620.75|$2,780.94|$26,469.31|$208,871.00| + +Net, Expenses and Savings + +| | Total Income | Net Income | Expenses | Saved | +|-|-|-|-|-| +| 2016 | $98,811.11 | $ 71,922.62 | $ 44,175.75 | $ 27,746.87 | +| 2017 | $128,307.96 | $ 92,575.17 | $ 50,902.94 | $ 41,672.23 | +| 2018 | $140,652.45 | $ 104,307.23 | $ 60,266.19 | $ 44,041.04 | +| 2019 | $158,104.28 | $ 119,668.34 | $ 69,008.74 | $ 50,659.60 | +| 2020 | $189,887.08 | $ 148,021.03 | $ 116,284.58 | $ 31,736.45 | +| 2021 | $208,871.00 | $ 150,565.84 | $ 90,122.23 | $ 60,443.61 | + +Some notable things: + +I got married in 2020, expenses are arbitrarily high because of that. I had some unexpected one time expenses totaling like 10k this year and lost tuition reimbursement due to a new job so expenses are arbitrarily high this year too. I got lucky with amazon stock in 2017, bought 16 shares and am still holding today. This year I've been gambling a bit with meme stocks, started with 3k and I'm sitting at 17k right now, I have no idea if this will last. I also sold off some stock purchase program stocks from my old company with an 11k gain from the pandemic. This was awesome. + +Some of the "Other" income category include sold capital gains, wedding gifts (15k from parents 7.5k from guests) and credit card points/rewards from churning + +I've pulled back from trying to save as much as I can now that I have a bit of money. When I first started with FIRE I was a bit of a frugal jerk, now I'm a bit more generous. + +For this years numbers, my expected spending/saving shows that I'll save approximately 30k more this year. Expected net worth at the end of the year doesn't include capital gains. + +My wife and I haven't combined finances yet, we're still working it out, so until then we're keeping it separate. She has 80k in student loans, well now like 67k. I helped her pay off one of them ~13k with some stock gains and plan on paying off more of them in the coming years. She's able to get public ~safety~ service loan forgiveness for about 50k of them so we're planning and on track for that. + +Career: + +I graduated college with a sub 3.0 GPA, I wasn't focused early on and switched degrees after my freshman year. I wasn't able to get an internship right away and was forced to take an unpaid one for experience, I worked on the weekends and evenings at a non-career related job to sustain myself. This kind of kickstarted things, now that I had experience I was able to leave my GPA off my resume and get a paid internship. I found a love for writing software and got a part time gig during the semester for even more experience. This is what landed me my nearly 100k job my first year after college, I got enough experience to be useful. + +Since then, I've been investing in my career working as hard as I can to progress. I landed a job at Amazon, downleveled into a new grad level from the level I applied for but top of band salary wise. I'm also about to finish part time grad school with a masters in cs. I see Amazon as a foot in the door to more comfortable FAANG companies. I'm generally always investing in my career and myself. +Hi, + +I'm wondering if anyone can talk about how they factor dividends into a trailing stop loss percentage. + +For example, with Kinder Morgan (KMI), it had a bad week with a 7% loss but it pays a dividend of 0.27 quarterly. Also, the price is still up since the last payout and the dividend could potentially be increased. + +Because of the dividend I'm willing to give the stock more room on the trailing stop. Not exactly sure how to quantify it though. + +Hoping to hear some thoughts on what others are doing. Thanks. +I'm finally going to start a dividend portfolio. Is there a reason nobody here talks about dividend based ETFs? VIG, FDVV, or VYM for example? Are those bad? If they are bad, just curious as to why, and what would you recommend I purchase to start off instead? Thanks in advance guys! +My father is a school bus driver for nearly 15 years. The school district just released a statement saying the school will be closed for over a month. My parents don’t have any emergency funds and this will really put them in a hard financial situation. We live in New York, so i imagine school closing indefinitely is a possibility. I believe he should be payed for his time off because it’s out of his control and he should have to fall back on bills because of this crisis, but what do I know. + +Thank you to anyone who takes the time out of their day to read and/or respond. +The cryptocurrency market, unfortunately, is known for a high number of scams and frauds, especially because of projects that don’t act honestly with their community. At this point, I believe those who still get scammed probably don’t know much about crypto. I mean the top projects are easy to choose. Projects that care about their community and keep on an honest relationship with them are the ones to succeed and remain in the market for good time. + +One of my favorite projects is Polygon. MATIC’s team for example, hasn’t failed its community, and what proved that was the implementation of their own EIP update after the community insisted on taking this step. Well it didn’t even hesitate to go for it as the community requested! I even see that Polygon is the most community focused project especially that it is offering us somehow zero fees for swift transactions! + +Polygon is truly leading the space with transactions and users. I believe this will benefit the entire space overall. Not to forget the growing fundamentals that seem to also be boosting the overall market sentiment for the blockchain project. + +Also, blockchains now are some of the richest sources of verifiable data. And this is a big step towards improving developer access to datasets, and helping analysts unlock their immense latent value. What’s better than that? So after Polygon’s integration into Google’s BigQuery, one will be able to query their datasets, run analytics and extract insights. + +We have a saying in my native town which says whoever preserves in something, will find what they’ve been striving for. And whoever sows their seed, will reap its benefits. Can you relate? +In one fell swoop, Oyster effectively eliminates the need for online advertising *and* facilitates secure, anonymous, decentralized file storage on the IOTA Tangle. Here's the short version of how it works: + +Storing any significant amount of data on the Tangle requires many transactions to be made. Each transaction requires proof of (a very small amount of) work. Oyster is basically a way of crowd-sourcing that work from the visitors of websites that are running the Oyster protocol. Website owners are rewarded with PRL tokens, which represent a right to use those crowd-sourced computational resources to store files on the Tangle. + +As long as there are people who are willing to pay for secure, anonymous, decentralized file storage on the Tangle, PRL tokens should be readily exchangeable for cash, which makes the Oyster protocol a practical alternative to traditional advertising. It's ultimately just another (slightly more roundabout) way of turning traffic into revenue. + +EDIT: I almost forgot to mention: as a bonus, Oyster will significantly improve IOTA's security and transaction speed! + +[Here's the long version.](https://oyster.ws/OysterWhitepaper.pdf) + +[Here's the website.](https://oyster.ws/) + +[Here's an article about the recent branding overhaul and new hires.](https://medium.com/oysterprotocol/oyster-pearl-team-update-a40fd8abed83) + +[Here's the FAQ.](https://www.reddit.com/r/Oyster/comments/7n3t23/faq_oyster_read_here_first/) + +[CoinMarketCap](https://coinmarketcap.com/) is currently showing the wrong circulating supply for some reason. It should be about twice as high: $62,366,927 per the FAQ. That puts the current market cap at about $162M (or #149 as of this moment.) +What if I told you come Monday you couldn't buy anymore shares of GME? The reality is... you most likely can't. The available float of 56.41 million shares has all been bought. The DDs on this have pretty much confirmed it. So then what exactly are any of us buying then? I like to think of it as evidence tokens. It is physical evidence that naked short selling exists. + +Like many have pointed out the price is fake. I would even say the volume is fake to a big degree. The longer SHFs play this game the more dangerous it becomes for them. Synthetic shares are being used to drive the price down. But everyday this means apes can collect these synthetic shares so SHFs have to come up with more and more synthetic shares. By hodling more and more shares that do not exist in the float they now become evidence tokens that the game is rigged at the highest levels. It also adds exponentially to potential losses as well. Imagine if each day apes and retail bought 50,000 - 100,000 shares and added it to the permanent hodl pool. Over the course of weeks and months this would be millions of more debt obligations with no ceiling. Hodling is the one thing that is real. It will force their hand and the longer this drags on the more evidence tokens we collect. Time is on our side. It's allowed me to keep buying and finding more money to put in. I watch the time and sales details. There are so many single stock purchases. I think of apes and diamond hands everytime I see one. The company is being bought up share by share, brick by brick. + +How is this all going to play out? Simple, I don't know and neither does anyone else. We are living through history and I want to make sure my shares are stashed away for all of it. The rest is FUD or me trying to convince myself I can somehow time this all, I can't. The value of the shares is in the possession of them. + +I think that is the biggest problem here. If they can take our shares from us then this is not a market. As a US stock holder you can hold onto your stocks forever if you like. You can sell them tomorrow. You can lend them out. You are free to do whatever you want. But during the enfolding of all of this if they take our shares, make us sell or try and price control a share of a public company with earnings, they will in turn destroy the trust and legitimacy of the US stock market. Hundreds of billions if not trillions of dollars are on the table depending on how this plays out. + +The answer is hodl. Always has been. + +Not financial advice. +His reasoning was that even if the properties were separated by LLCs the courts will look at the “intent” of why they were separated and then rule that they can bring all the properties into the suit. I asked him for the law or case study on this and he said he didn’t have it on the top of his head but assured me this is how it’s done. Does this sound like a legit strategy? + +UPDATE: he texted and said it’s better to separate everything and he confirmed with another lawyer. +Any successful 2020 wheelers here with PM and larger accounts? If so can you please discuss a few things: + +1. Account size +2. 2020 Return +3. Primary wheel stocks/ETFs/futures and why you chose them +4. How you manage your PM and discipline yourself to take assignment so you don't end up taking assignment on something like $1M of underlying +5. Primary wheel strategy. Eg, sell put (what delta?), assigned, sell call (what delta?), what duration options? +6. Other strats that have made you good $$$ in addition to wheeling. Eg, sell a naked call on top of covered call to reduce delta, sell strangles, etc. +7. How active you are in your account on a daily basis. Eg, look at it 5 minutes a day, once a week, etc. +8. Anything else you want to discuss related to strategy, allocation, etc. + +Edit: I am aware of joonie's thetagang site where people track their trades. If you have any interesting pages from there (or somewhere else) to share that shows people's trades, please share. I learn by example so I like to see what others are trading. +Hi all, new to selling CC, have a question I haven't seen the answer to. + +Do you guys ever buy to close a CC early that is in no danger of being assigned? Lets say my underlying is $100, I sell a cc 45 days out for a $2 premium. The stock drops a few $, now I can close that contract for $0.50 with 30 days left, and sell another CC 45 days out for another $2 instead of waiting for it to expire worthless. + +Does it make sense to do that or am I missing something? Is that just the same as rolling out and I'm overhinking? +I own 1000 shares of SYK at a cost basis of $6 per share. I have an unrealized gain of roughly $250k. What would you do to protect the downside? This is in a taxable account so I don't want to trigger gains. I am looking to reduce the position when I can. + +I could sell covered calls on Jun 16th, 2023 at a strike of $280 and collect $370 per contract. Is it worth the risk? + +Thanks in advance! +I currently make about 30k/yr... so this is a sizable chuck and I want to make sure that I can change my family's life for the better some. + +My current car is a POS and I currently owe more on it than it is worth.... BUT, the lot I bought it from told me (in writing) i can return the car to them at no penalty. + +I want to spend 10-15k on 2 reliable cars (10k/5k split) as it makes me and my wife's lives much easier. + +I want to spend about $7k (face value, i'm going to try to make deals with the creditors) to pay off everything I owe. + +I want to put away $25k to put a down payment on a house after I get my credit sorted. + +Am I off track? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I can see how it would be easier to start a company if you had enough to live on saved up. Is this anyone's plan? RE in your 30s or 40s and use the security and maybe some of the capital to start a company? +https://www.wsj.com/articles/u-s-economy-grows-at-2-3-rate-in-first-quarter-1524832800 + +I found this article rather interesting today. As most know, the GDP recently beat estimates, although still slowed month over month. While a good gdp is never bad, slowing rate of change is a bigger concern. Looking into this article however has me a little more concerned about something else, which plays into a lot of my other general thoughts on the economy right now. + +**Consumer Spending Dropping and Inventories Rising?** + +Consumer spending dropped off a cliff. That's a problem since consumer spending largely drives the economy. Given, consumer spending on services is still strong, but consumer spending on goods is not ideal. The interesting thing here is that the GDP didn't drop because inventories rose significantly, signaling that a lot of the GDP was driven by increased business spending activity, partially a result of the tax cuts. + +The issue here, is that inventories are at least somewhat dependent on consumer spending. If consumer spending continues to stay low, then businesses will stop adding to their inventories for obvious reasons, and that component which is keeping GDP high will drop out. I assume that the inventory spending was largely in anticipation of a boom in consumer spending after tax cuts were put into place. + +Either way, there is clearly a lot more complexity here, so take this at least somewhat with a grain of salt, but I found this worth sharing for anyone here who doesn't necessarily have the rosiest forward picture of the economy right now. + +**Edit for Clarification:** The consumer data I reference is a little more than half way down in the chart. You'll notice a big drop off in consumer goods spending (not services) compared to last year's averages. This is also a rate of contribution to GDP, so I should have worded the title here better. +You aren't going to win people over on NFTs, but you don't need to! Just point out that Gamestop may soon be able to allow resales of digitally owned games. You'd be able to sell PC/Digital games because you would technically own them, and you'd be able to transfer that ownership (i.e. sell them) because of the way the system works + +Older gamers may remember when we used to have to type in CD keys on the packages to claim our games, this could be a much more advanced version of that, that allows transfer! + +That, imo, is the big potential here +I drank the GME kool-aid and yolod 80K into GME at 350. Should I cut my losses now or is there actually some legit DD that I can use to sleep better at night that aren't diamond hands and rocket emojis. Thanks so much fam. + +Edit: Thanks so much guys for all your inputs. I didn't expect to get so many comments so quick. I'm going to try to get some rest tonight, and reply back tmr! The comment ticker is rising faster than GME haha... + +Edit 2: Thanks to everyone for their opinions and thoughts on my situation, and thanks for the rewards, I've never gotten them before! I'm going to talk to my family to see what is best for us too because everyone is really anxious over here. + +Edit 3: Thanks for all the comments and concerns. I'm still okay, and not standing on top of a roof yet. I'm still processing the situation with my fam to see the next steps as this is an expensive lesson. + +Edit 4: Okay, I've actually been crying my ass off as a grown man today for the first time in years, and happy to have my friend and family for support. It was a bit of a cathartic experience, I will hold for any bump and ill be exiting. Thanks for all the support guys, I really appreciate it. +So my husband and I are very stuck. We have one small child who is 2 and rent out a pretty cheap apartment for $700/month. The problem is my husband has been out of work many times and generally will quit a job the first day if he doesn’t like it. I take care of our son during the day while he works and keep the house tidy. I myself would go back to work but the only person who could watch our son lives nearly 40 minutes away in the opposite direction of the city where most jobs are located. We pretty much spend no money at all except on bare minimum basics. We’re living pretty heavily paycheck to paycheck but just recently he quit a job for a new one only to find out he hated that one and quit immediately. He says he’s going to return to his old job if they let him but if they don’t we are pretty screwed. I have nearly no work experience since I had my son so early and have been taking care of him this whole time. My husband is so depressed and just doesn’t seem to want to work hard to pull us out of this mess. I don’t know if there’s any advice anyone can give us, specifically on maybe some jobs that are less than miserable or something we can do to help his depression. He says the reason he is depressed is because of money but is extremely picky with work. +check this out + +[original post](https://www.reddit.com/r/wallstreetbets/comments/x6lyop/meta_has_been_fined_402_million_by_the_irish_data/) + +A fat fine — of $402 million — is headed Instagram’s way after European Union privacy regulators came to a decision on a long running complaint related to how the social media platform handles children’s data. The penalty is for a breach of the EU’s General Data Protection Regulation (GDPR). + +Meta was contacted for comment on the penalty. + +We understand the final GDPR decision on the Instagram enquiry was sent to Meta, Instagram’s parent, Friday — ahead of formal publication on the websites of the company’s lead data supervisor in the EU, Ireland’s Data Protection Commission (DPC); and the European Data Protection Board (EDPB), a steering body which helped coordinate a decision review process involving other interested EU data protection authorities — however the size of the penalty for Meta appears to have leaked early, via a report in Politico, which contains the fine figure (which shakes out to around $403M at current currency exchange prices) but no further details of the decision. + +Ireland’s DPC confirmed the level of fine to us. Deputy commissioner, Graham Doyle, told TechCrunch: “We adopted our final decision last Friday and it does contain a fine of €405 million. Full details of the decision will publish next week.” + +The Instagram penalty is the largest GDPR penalty the social media giant has been hit with to-date (though not the largest ever GDPR fine; that one landed on Amazon) — following a $267M penalty levied upon the Meta-owned messaging platform WhatsApp last September for violations of the GDPR’s transparency principle. + +The Instagram complaint focused on the platform’s processing of children’s data for business accounts and on a user registration system it operated which the DPC found could lead to the accounts of child users being set to “public” by default, unless the user changed the account settings to set it to “private”. + +The GDPR contains strong measures requiring privacy by design and default generally — as well provisions aimed at enhancing the protection of children’s information specifically, as well as ensuring that services targeting kids are living up to transparency and accountability principles (such as by providing suitably clear communications that children can understand). + +The reasoning underpinning the fine for Instagram is expected to be released in the coming days, when the final decision gets published next week (assuming it doesn’t leak early). + +While today’s headlines are going to make painful reading for Meta, TikTok is another social media firm likely to be watching developments closely since it’s under investigation by the DPC over its own handling of children’s data. But that enquiry was only opened by the DPC a year ago so it’s likely to have some time to run before a decision is reached. + +The Instagram decision took extra time as other DPAs raised objections to Ireland’s draft decision — triggering a mechanism in the regulation designed to settle disputes which can add many more months to the timeframe. + +Ireland’s WhatsApp decision also went through a review process after objections were raised to its draft — and in that case the size of the penalty was substantially raised as a result. But it remains to be seen whether the same has happened here, with Instagram. + +Source: [https://techcrunch.com/2022/09/05/instagram-gdpr-fine-childrens-privacy/](https://techcrunch.com/2022/09/05/instagram-gdpr-fine-childrens-privacy/) +First and foremost, I am a crypto investor, a tech enthusiast, and a developer. I have recently invested in whatever Reddit has been shilling, which includes TRON. Now, don't get me wrong, this coin has gotten me great returns thus far, but after a closer examination of its whitepaper and marketing, I am seriously doubting the legitimacy of this project. + +Here are some specifics about the marketing that have caught my attention: + +the amount of futuristic buzzwords and abbreviations like "Great Voyage" or "Star Trek" to capture attention + +the recent partnership with game.com, which appears impressive, but is a shitty website recently created to promote TRON. Its only game, Cryptodoggies, is very superficial with almost no feature except the ability to purchase virtual pets with TRON. Take a look for yourself. + +In its whitepaper: + +35% of coins go to the founders, while 10% of the initial coins go to Peiwo, a startup recently created by the founder of TRON. + +TRON claims that Peiwo is China's largest music content community with 10 million users and 1 million daily users, and will soon support TRX. This is a blatant lie; Peiwo is similar to game.com, a buzzword startup created by Justin to campaign this coin. Its App Store release only has 2,000 total reviews. Again, you can take my word or do some Googling for yourself. + +Anyways, I encourage you all to do some research on this coin, and let me know if you agree or disagree! + +Edit: upon some further digging, I have found similar concerns from other Redditors that didn't seem to raise any attention: https://www.reddit.com/r/binance/comments/6w41e0/anyone_even_verified_peiwotron_claim_of_10m_users/ +This is for you guys & for myself as well, kind of as a reminder to myself. + +1. Do not treat this as something you can make quick & easy money. Like anything, it has a learning curve & requires time. You coming into this game expecting to be consistently profitable in your first day, week, month, etc is an insult to all the traders that have been doing it for years & haven’t yet found their consistency or to all the profitable traders that have put hours on hours into finding their edge, taking losses, making sacrifices, etc. + +2. Focus on the process, not the money in the beginning. Paper trade for a while if you have to or do what I’m currently doing which is trading with just 1 share. If you focus on the money, you will lose. You’re not thinking about what you should be going for if all you have is making money right away. The money will come in time but what’s important in the beginning is the process. + +3. Be self sufficient. You can use chat rooms & all that as an idea generator but do not follow their plans. Make your own plan before you enter a trade. Stick to that plan. If you have a stop loss at a certain price, do not hold past that mark, sell as soon as it touches it. If it happens to bounce back as soon as you sell it, do not buy it again unless it’s in your plan. If something is not in your plan, you don’t do it. If chasing is not in your plan, don’t do it. Stick to that plan & always make one before you enter a trade. Write it out or type it out. Have an entry point, an exit point if the stock goes against you, how you’re taking profits if it goes according to plan. Are you taking 100% off at 1.50? Or maybe just 75% at 1.50 & holding the rest to see what it does past 1.50 & selling if it fails. + +4. Cut loss quickly. You’ve probably seen this rule around but it’s one of the most important rules if not the most important one to always use. You need to survive in this game. If you blow up, you’re out of the game for who knows how long & maybe you don’t return at all. + +5. Date stocks, don’t marry them. I see a lot of people bag holding these stocks as if the stock owes them something. If a stock gets to your exit point, break up with it right away. Do not hold on to it thinking it’s going to change. Forget about whatever you read, forget about all the research you’ve done on it. None of it matters, majority of these stocks are bad companies that aren’t going anywhere & we’re day traders not investors so why are you holding on to the stock? The stock can go the way you want it to if you hold on to it but think about this for a second: You will regret selling a stock & a few minutes later or even a few seconds it turns & goes according to your plan but you will not regret it as much you not selling the stock & it continues to go down by who knows how much. The first regret is not as physically, emotionally & confidence destroying as the 2nd one. The 2nd regret can ruin you & teach you what you shouldn’t do. What I mean by teach you what you shouldn’t do is that you will begin to think that if you just hold on to a stock instead of sell it where you were supposed to & by some luck it turns & goes the way you wanted it to, you will begin to think that if you do this every time, you can’t lose until you have that one big loss that destroys your account & only then will you hopefully learn the right lesson. + +6. Trade small. There’s a lot of mistakes that you’re going to make, some of them you will learn from others but you won’t learn all of them from others. I say to focus on the process for many reasons & one of them is that you need to identify these mistakes. Every time you take a loss or a win, you can learn something from it, maybe you made a mistake that cost you. You now know what this mistake is & can find ways to not make it again. Trading is relative. You may be making $10 every win & losing $5 on every loss but the only thing that’s stopping you from making $100 or $1000 every trade & losing $50 or $500 every trade is extra 0’s at the end of your buy order. Learn how to actually trade first with a small amount before you decide to ramp it up. If you haven’t found a profitable setup or are a complete beginner, you starting with 100k or 500k & risking over 5% or something of your account will not give you better odds of being successful at this as opposed to someone starting with 25k. It’s all relative, you may be playing with more size but you will lose & win the same % amount as someone with 25k. + +7. Continuation off 6. You want to avoid mistakes but at the same time you want to face them. Why? Because if you make ‘em early in your career when you’re trading small, you won’t make as many when you’re trading with large size & learning the lesson from these mistakes when you’re trading trading with large size will be much worse on your account than when you’re just starting off & can afford to take those mistakes if you’re trading with small size. + +8. Everyone trades differently. Each & every one of us has a different risk tolerance, different situation, account balance etc. What works for someone might not work for you & maybe it does but you won’t know unless you try it. An indicator may work for one trader but not work for you. Also if anyone says something doesn’t work, do not take that to heart. There’s people that say technical analysis doesn’t work & then there’s people that say it does work. Try everything. Don’t just brush of it because some guy on reddit said it doesn’t work. Even if a well known trader says it doesn’t work doesn’t mean you should believe that. It might work for you, you dont know yet. + +9. Focus heavily on risk reward & working on your risk management. Do not go for 1:1 risk/reward, especially as a new trader. Go for at least 1:2 risk reward. Meaning that on every trade, if you’re looking to make $10 on it, you should be looking to only lose $5 on the stock if your risk/reward is 1:2 If a stock is a 1.00 & you’re looking to buy at that price & you decide that you want to sell at 1.10, then at the very least you should be looking to sell at .95 if it goes against you. You’re risking 5 cents to make 10. 1:2. + +10. Win % does not matter. Let’s say your risk reward is 1:2. You make 100 trades where you make $2 on each win & lose $1 on each one because of your 1:2 risk reward. You win 40 trades but lose 60. Your win % is 40% but do the math. On the 40 won trades you made $80 (40*2) total & lost $60 (60*1) total. You made $20 total despite having a 40% win rate. Now imagine 1:3 risk reward. Same scenario but worse win %. Your win % here on 100 trades is just 30%. With 30 won trades you made $90 & lost $70 total on your losses. You are still profitable. + +I made this during my lunch so I apologize for any grammar mistakes or rushed explanations. +I heard this piece on the way to work this morning and thought it may foster some interesting discussion. + +Main takeaways: + +This comes across as an anti-401k, anti-investing, anti-stock market piece intended to mourn the loss (and suggest the superiority) of defined benefit plans. To back up the positions, the journalist relies heavily on highlighting one couple’s dream retirement enabled by their defined benefit plans and juxtaposing it with an elderly woman’s Great Recession retirement fund losses (later stating she “got out of the stock market a few years ago, opting to put her money in more conservative savings.”) + +[Navigating the New Realities of Work and Retirement (6:48)](https://www.npr.org/2019/10/02/766330750/navigating-the-new-realities-of-work-and-retirement) +With the market now officially in bear territory, I've been on the hunt for bargains. Recently, I shared another deep value idea, China Life Insurance Company (LFC). Link to post [here](https://www.reddit.com/r/ValueInvesting/comments/vb2jrk/deep_value_idea_china_life_insurance_company/?utm_source=share&utm_medium=web2x&context=3). Today I'd like to share another firm I believe offers deep, deep value: Credit Suisse. + +Credit Suisse Group AG (CS) is a global investment bank and financial services firm founded and based in Switzerland. It has been a cornerstone of Swiss life since its founding in 1856. + +Recently, Credit Suisse has found itself in pretty dire straits. Scandals and bad investments abound, with its third profit warning of the year issued just a few days ago. And as if losing billions wasn't enough, one of their directors was just fired for being filmed assaulting restaurant staff in NYC's Koreatown. Yeah, pretty bad. + +So, why on earth would I suggest investing in a firm that can't seem to do anything right? + +One word: value. And four more words: too big to fail. + +Credit Suisse is now trading at a 27 year low, hitting $5.75 intraday. A 27 year low! Is it deserved? Yes, as we've discussed above. But only to a certain extent. + +The idea behind value investing is that you can take advantage of market overreactions to get a good deal. Credit Suisse's share price certainly deserves to be punished, but not this much. That means it's a buy, especially if you consider the investment as low-risk as I do. + +As of today, CS is trading at just 0.3 of its book value. It's price to tangible book? 0.4. + +That's what we call a steal. You can buy a share of a dividend-paying major financial institution for the price of an espresso in Switzerland. + +But just because something is cheap doesn't mean you should buy it. Which brings me to the second major part of my thesis: Credit Suisse is too big to fail. + +The Financial Stability Board has designated it a Global Systemically Important Financial Institution (G-SIFI). It's also a primary dealer and Forex counterparty to the US Federal Reserve. In other words, if Credit Suisse goes down, everything goes down with it. Aside from all this, CS has demonstrated an ability to attain sufficient liquidity anyway. The point I'm trying to make is that bankruptcy is not a concern here as it would be with other investments. + +Summation: Credit Suisse offers an opportunity to buy a business that literally cannot fail for forty cents on the dollar. + +My only reservation is that things will continue to get worse for CS before they get better. Because of that, I'm considering beginning a position under the 5.50 level and setting aside some cash to buy more at a lower price. It will likely take several years to attain book value again, but patience is the value investor's greatest weapon. + +Opinions? Am I stupid? + + +I believe that any stock must be taken as a sum of all its parts and evaluated accordingly. When I saw TER was down in excess of 25% today on an earnings beat and a guidance miss. I decided to do a deeper dive. This is a company I have been following for several years now and feel strongly about. This is a compilation of my own DD and some commentary from various research firms and banks (Credit Suisse, CFRA, Morningstar). + +&#x200B; + +**Teradyne, Inc. (TER) $104.98** + +**All Time High: $168.91 January 2022** + +&#x200B; + +Teradyne Inc. designs, develops and manufactures automatic test systems for use in semiconductors, wireless products, data storage, and electronic systems in the wireless, automotive, industrial, communications, aerospace, and defense industries. The company operates in four business segments organized by end market: semiconductor test, system test, wireless test, and industrial automation. Teradyne tests help improve and control product quality, measure performance, and increase yields. The firm generates revenue primarily in Taiwan, China, the United States, Japan, and South Korea, but has a presence in countries across the world. + +&#x200B; + +From the earnings Press Release yesterday (1/26/2022): + +>“Both our test and industrial automation businesses delivered another quarter of double-digit revenue growth compared with the year ago period,” said CEO and President Mark Jagiela. “2021 was a remarkable year for Teradyne as we increased annual sales by 19% and grew non-GAAP earnings per share by 29%, capping a five year stretch where revenue and earnings grew at an annual compounded rate of 16% and 32% respectively. Significantly, our Universal Robots and MiR businesses are seeing high demand which drove greater than 40% growth in 2021. We enter 2022 with strong long-term test and automation demand trends in place and we’ve increased the mid-point of the revenue and non-GAAP earnings per share estimates in our 2024 earnings model to $4.9 billion and $8.00 respectively. However, in 2022, we expect a slower technology transition in one of our major end markets to result in lower System-on-a Chip test demand for Teradyne before accelerating again during the ramp of 3nm production in 2023. In Industrial Automation, we expect high growth to continue in 2022 on the strength of favorable global economic trends and the powerful value our automation products provide to customers.” + +&#x200B; + +Qualitative + +* Teradyne’s depth, breadth, and steep investment in chip testing capabilities form structural competitive advantages that would be extremely difficult to replicate. +* Teradyne’s industrial automation segment is expected to contintue to grow especillay against the background of U.S. labor issues. +* TER’s total addressable market is expected to grow rapidly and Teradyne can maintain its large market shares with aggressive investment ($1 billion in cash and nearly no debt currently on the company). +* Secular trends toward greater chip complexity, capacity expansion, and onshoring should be durable demand drivers for Teradyne. +* Management routinely outlines conservative guidance on earnings calls. +* Primary risk to from my perspective is a prolonged decline in the semiconductor test market. + +&#x200B; + +Quantitative + +* P/E Ratio of 19.78 +* PEG Ratio 0.59 (very attractive) +* P/B 6.717 (High, but considering the growth it could be viewed as reasonable). +* 0.06 Debt to equity ratio (almost no debt) +* 1 Year Revenue Growth 36%, 3 Year Average Annual Revenue Growth 13.5%, 5 Year Average Annual Revenue Growth 13.7%, 10 Year Average Annual Revenue Growth 7.1%. +* 0.38% dividend yield +* 59.6% Gross Margins, 31% Operating Margins +* Net income growth year over year since 2016. +* TER currently has $1.079 billion in cash reserves and no debt maturities until 2023. (sizeable war chest…) +* The company’s debt-to-EBITDA ratio remains low at under 1.0x currently. +* Has not missed earnings since January 28, 2009 +* 12% of revenue invested into R&D (in-line with industry). +* Universal Robots continues to expand at a rapid rate. (40%+ in 2021). + +TL;DR: TER is undervalued with very strong historic growth both top and bottom line in an expanding sector. I would pay below $118/share or less for this company. +which databases do you know for researching and filtering stock titles by enterprise data and key figures? + +e.g. A database that could filter for stock titles of corporations that have a P/E of less than 20 + +Let me know! +**Descripción** + +G5 Entertainment AB (publ) develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden. Its primary portfolio of games includes Hidden City, Jewels of Rome, Mahjong Journey, The Secret Society, Homicide Squad, and Wordplay. The company distributes games through Apple App Store, Google Play, Amazon Appstore, Microsoft Windows Store, and Mac App Store, as well as its proprietary store. G5 Entertainment AB (publ) was founded in 2001 and is headquartered in Stockholm, Sweden. + +G5EN generated SEK 1.315.703 de revenues, also got SEK 350.000 of FCF. The revenues decreased 3% considering the numbers of the 2020, but there was a good widening of margins and an increase of Average Monthly Average Gross Revenue Per Paying User. The fees that should be paid in the stores of thirds probably will be reduced in a close future, this would help in the margins. + +**Insiders** + +The company owns 100% of the Stock class B, so we have a directive alineaded with the investors. I did not find stock options and almost did not emit new stocks. + +**Others** + +They have a plan to reduce the number of stocks by 2.4%, adding a good dividend of SEK 7.0 per share. + +Also, I would like to highlight the excellent ROCE higher of 40% and a Gross Margin higher of 60%. + +**Risks** + +An desaceleracion of the growth of FreeCashFlow. + +**Valuation** + +Estimating a conservative growth of 35% of FreeCashFlow for the next 3 years, we would have a FreeCashFlow of SEK 717.500. Multiplying with an conservative multiple of x15, we would get an market cap of SEK 10.762.500, dividing in the actual stock number we would get an target price of SEK 1.200. With an actual price of SEK 210 is an revaluation of more than 450%! Dividing between 3 years is a CAGR of 150%. + +**Catalyst** + +They have started a plan of buybacks and a new dividend. + +&#x200B; + +&#x200B; + +Originaly, I wrote this analysis for my personal blog: [https://gncstocks.substack.com/p/g5en?s=w](https://gncstocks.substack.com/p/g5en?s=w) +So, I am looking into iRobot stock. They make the iconic robot vacuum cleaner Roomba, they also have robot moppers, they are now working on a robot mower. They have first move advantage with Roomba in the robotic vacuum market, which is a market that is projected to double in the next five years. Even though they lost some market share in the last few years, they still have 75% of Us market and 62% worldwide. They are also building a direct to consumer business, by building their app, which is interesting. + +So, interesting stuff, but then I look at the numbers and the price is ridiculously low. They are growing earnings and cash flow, but if my numbers are correct, they have a price to free cash flow of 14, pe of 14.6, low price to sales of 1.6. Profit margins of 11.2%, roa 11.3%, roe 24%. Nice. +But now comes the best part: they have 500 mil in cash, and 55 mil in debt! So if you bought the company tomorrow, you could close everything down, pay back debt and have 445 mil in your pocket! That's like a 17.8% discount, since the company is trading at 2.49 bil market cap. + +So..is there something I am missing here and this is a value trap, or is this a great opportunity to take advantage of the silliness of the market? + +Ps: I got the numbers from motleyfool (I know, don't shame me), yahoo finance and gurufocus. +TLDR: What is Microns competitive advantage? + +Whole post: + +Everyone seems to be talking about how Micron is a great buy. Everyone knows it has a low P/E and the industry became an oligopoly lately. + + +But why aren't we seeing discussions regarding the quality of their actual products? There is a chance that SK Hynix or Samsung come out with some innovative technology that is going to put the breaks on Microns growth (at least for a while). The competition might come out with either faster or cheaper DRAM / NAND. + + +Take AMD and Intel as prime example. Intel dominated the market until a few wrong decisions threw it under the bus and its still trying to recuperate today. + + +Why all the talk about Micron but no one brings up SK Hynix or Samsung as valid investment opportunities? Am I missing something here? Does Micron provide some product that is better? + + +It seems to me like most investors treat these 3 companies as if they are the same and no company is going to step on the toes of the competition. In my point of view I'd say that is naive. + +And lets ignore the fact that the CHIPS act passed and it is positively affecting Micron. I want to talk solely about the business aspect of these companies. +What’s y’all’s thoughts on BZUN? I’ve purchased over 6,000 shares today and still buying. + +China is in the middle of one of the worst economic crises ever seen after growing at incredible paces. Blood is on the streets. And love them or hate them, china will be the worlds leading gdp within the next few years. China is also lowering interest rates to spur growth while America is raising them to kill growth. + +The Stats- + +-Stock price down 93% from peak while revenue is only down 8% + +-Market cap is currently $256 million + +-Book Value is around $700 Million + +-Revenue is 1.474 billion + +-They have over $400 million cash on hand + +-1.5 billion in assets - $815 million in liabilities + +-Gross Profit is around 70% + +-They have bought back around 30% of the outstanding shares in the last 9 months + +-Over a 20% share in their industry + +-Over 10% of the outstanding shares are owned by Alibaba + + Yeah the ccp is a huge risk, but there are no great rewards without some risk. I see this as a 3 year minimum hold for me with it being an easy 10X possibly more. + My conclusion - all said I still give them a 20% chance of going bankrupt I lose $26,000+, 70% chance I make a quarter million and a 10% chance I make a half million. I think those rewards definitely outweigh the risk. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +As you can tell from my username, I am extremely bullish on ZIM Integrated Shipping. ZIM is a shipping company that is currently making windfall profits due to high rates on container shipping. They made so much money last year that they are issuing a $17 dividend, equal to about 20% of their market cap. + +ZIM goes ex-div on March 22nd, meaning that people who hold the stock at the end of trading on the 21st will get the dividend, but people who buy on the 22nd will not. + +So you definitely want to buy before the 22nd to get that dividend right? That's what a poster over on r/Stocks thinks. + +"It’s the last couple of days to buy ZIM and lock in that sweet sweet 17$/share dividend." + +Not so fast. + +You see, when a stock issues a dividend it should in theory go down by the amount of the dividend. If ZIM issues a $17 dividend, the price should decline by $17. In practice, the price often declines by MORE than the dividend, since many people sell once they've received that "sweet" dividend. I call this Boomer logic, but it seems to be common among younger people too. + +ZIM's last dividend was for $2.50 on December 15th. Back then, ZIM's priced peaked at $61.50 on December 8th before falling to as low is $46.51 after the dividend on the 15th. + +What effect will a $17 dividend have on the price of ZIM? Honestly, its tough to predict. It's such a huge dividend that it's tough to find comparisons. + +But here's how I'm playing it. I'm gradually selling my entire position every day this week. I've already sold 90% and the rest will go tomorrow. Then, on the 22nd and 23rd, I will buy it all back. Hopefully, at much lower prices. My theory is that I will get more than 100% of the dividend in this way. +I found this company from r/Undervalued and it has been a great find. I think the business is simple enough to predict. Did some DCF analysis and I think the business is at least 40% undervalued. + +Thoughts? +Certain sectors do better at different times. At the very beginning of recessions, healthcare and staples tend to do the best. Then partly through the recession, utilities do well. Then at the very bottom, discretionary and financials do best. + +Picking the right sectors at the right times beats the market. There have been studies proving this. + +It's why we saw Burry go heavy into healthcare and communications in Q1 (before he decided to go full bear-mode and sell). It's why many fund managers tend to cycle out of discretionary and into defensive holdings during bear markets (it's no wonder these sectors are the most overpriced right now, they're bought up). + +So with this in mind, how do you determine whether to buy businesses that are in *deep deep value* territory (like so many consumer discretionary stocks right now, which will do bad during a recession), compared to businesses that *you know* will do better in a bear market but are not deep in value? + +I heard Bill Ackman talk about UMG recently (his portfolio is 44% UMG). He said that one of the reasons that it's so attractive to him is that it does well in all economic conditions. He said that even Ukrainians at war will still download music. *(ouch)* + +It's clear that top fund managers don't just look at value, but they also look at sectors and businesses that do well in whichever spot of the cycle we're in. + +See: + +[https://www6.royalbank.com/en/di/reference/article/stock-market-sectors-and-sector-rotation/ilsa7rci](https://www6.royalbank.com/en/di/reference/article/stock-market-sectors-and-sector-rotation/ilsa7rci) (scroll down to the graph) + +Of course you can fill your portfolio with deep value discretionary and tech stocks and hold for 10 years, and do well. But if we're heading into a recession, you will most certainly lose potential compounding gains in the short-medium term and be worse off in the long-term than if you had been more defensive now (and aggressive later). + +**The issue is determining where exactly in the cycle are we? And how much should you favor defensive holdings vs deep value discretionary/tech holdings?** + +I thought of 2 ways of approaching it: + +1. Add a margin of safety on all businesses that I think will do badly during a recession, which means holding less of those businesses and at smaller sizes. +2. Or split my portfolio in two. Something like 65% defensives that will continue to do well in a recession, and 35% deep value bullish stocks. +I have $200,000 inheritance before taxes, which i will get in a few months. I do not know 100% where to spend this money or where to hold onto it as. I am trying this subreddit in hopes for answers but would also like advice on other subreddits I can go as well. + + +Below is some more information about myself. + +How old are you? 22 + +Are you employed/making income? How much? I am currently not making that much, two jobs and around 400 to 600 a week. + +What are your objectives with this money? (buy a house? Retirement savings?) Not entirely sure what to do with the money, do not want to waste it all and have nothing. Would like it to grow and make me comfortable with a head start. + I would like to go back to college. I was in college in California but decided to move to Colorado. Would like to establish residence here first in order to save money on tuition then go back to college full time while having a part time job on the side. I feel as though this money might help with that. + Was wondering what the usual taxes are when taking out inheritance? The will states 200,000 but I do not know if that is taxed or not. + +What is your risk tolerance? I have a low risk tolerance, I do not want to blow it all or lose it. + +What are you current holdings? $2,000 in the bank and scraping by. $1,200 in Credit card debit, I usually try to keep $200 on credit card to keep my score high but since January it has been difficult. $2,500 in student loan debt with $50 payments every month. + +Credit Score? Last time I checked (few months back) I had a 732. + +Any other assets? House paid off? Cars? Expensive girlfriend? I have an old car (1995 civic) + + +I started investing in 2013. At the time I had probably $3k. Last year I inherited around $50k and I invested it all. So basically I've never lost a large sum of money, but a 1% drop of my portfolio is almost worth a paycheck (I am a college student). I don't have the money to buy after a dip, so if a significant drop happens, do you have any strategies not to freak out? It's so easy to say "idc about the drops it will eventually go back up" but people that say that have probably never through a bear market. Hopefully my portfolio is 90/10 so I have a little bit of bonds. I was thinking of maybe not logging on my brokerage account for a few months if a crash happened, but I'm sure that some people who have been through 2008 have tips for the rest of us! +Am I just getting old or does this metaverse thing sound like the most ridiculous thing you've ever heard of? + +Why would anyone want to spend they're time in a virtual world, with virtual concerts, and be someone your really not? + +I dont know I really hope there aren't people that spend all their time on this kind of stuff because there is a whole real world out here...Enlighten me on the benefits of this metaverse. + +I only write this because of the price surge in these coins points to an extremely large increase in users and I just can't wrap my head around how this Metaverse makes any sense to society. + +If your having a hard time in the real world, things will get better. +Dr. T explained that the [best way to protect your interest as a shareholder was to use a “direct purchase plan”](https://twitter.com/SusanneTrimbath/status/1389318953026002948). It took a while for this idea to gain traction among retail investors, lately being of great interest particularly for people who want to keep some shares _forever_. Since then, a lot of FUD has been spread around, discouraging people from doing this via misinformation. This [incredible post combats a lot of the misinformation](https://old.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/), allowing apes to grow some wrinkles. + + +Now, the latest FUD comes in this [very, _very_ lazy post](https://old.reddit.com/r/Superstonk/comments/p8t0bu/citadel_and_computershare_in_one_buildingis_there/) that has gathered traction suspiciously quickly. It reads like a conspiracy theory FB post. This is what it says in a nutshell: _So, hear me out: Computershare has an office… IN THE SAME BUILDING AS SHITADEL! Coincidence?_ The hilarity comes in the top comment being a guy saying that _they are fed up_ and NEED to know WHERE they can put their shares safely. They will CALL Gamestop and CALL Computershare. What will Gamestop say? They’ll say to use their fucking Direct Registration System (DRS) which is handled by Computershare. What will Computershare say? They’ll ask if you are an idiot. + + +### Shills are getting lazy + + +[Computershare has 81 offices around the world](https://www.computershare.com/corporate/about-us/locations/our-offices#map_canvas). Their London office, which is in the SAME BUILDING as 50+ other companies, is not even their UK HQ (that one is in Bristol, where Shitadel is not present). It is common for _several_ companies to share offices in a building in financial districts. Shills think apes are idiots, but apes have already grown some wrinkles since this whole ordeal started. Apes can spot shit a mile away. + + +**ta;dr** There's nothing fishy about Computershare. Shills are spreading lazy FUD again. + + +**EDIT:** Adding this link to a discussion about [Dr. T's comparison of stonk certificates to NFTs and how this not only protects investors, but also challenges phantom shares](https://redd.it/p3171l). This makes it really clear why there is constant FUD re: Computershare. + +**EDIT 2:** Thanks for the awards, everyone! +Once you pass $20K in transactions, Coinbase is required to report your transactions to the IRS. It seems likely tax authorities around the world will follow suit, forcing Coinbase and the other exchanges to do the same for any of their citizens. So we should all be prepared to get taxed. + +I started looking into how to do it myself. You have to run several calculations on EVERY transaction between currencies or anytime you buy or sell for fiat. And you have to look up the historical values of your coins for the timeframe of each trade or purchase etc. It's a NIGHTMARE. I got totally overwhelmed and reached out to a CPA. They claimed to know about crypto taxes, but didn't know what a fork or an airdrop was, so I knew he was trying to scam me. + +Then I started looking for software solutions. I found bitcoin.tax, cointracking.info and ZenLedger.io. I felt like ZenLedger was the easiest to use, and also had really good customer support. I spent $400 on their "premium" tier, which was less than half what the CPA wanted, and more expensive than bitcoin.tax and cointracking, but those were super clunky and I got frustrated trying to import everything. I just wanted it to go smoothly, simply and be done with it. + +I am begrudgingly prepared to be taxed, are you? How are y'all managing your taxes? Do you have tools or software you like? +Hey everyone! Hope all is well. I just wanted to share some chart's I colored on to show you that GME is about to see significant gains. None of this is financial advice, I'm extremely retarded and eat crayons. GME has been developing this triple bottom that we are seeing since 5/26. A triple bottom is a very rare, but an extremely effective reversal pattern. + +&#x200B; + +[This is the 1 day chart](https://preview.redd.it/ptyz9tesclc91.png?width=1153&format=png&auto=webp&s=195e052868c3f3336b83a190270c15aba3685921) + +The pink line is showing the triple bottom I mention above. Closing about 151 is the triple bottom high and that shows that a break out is coming. + +The Purple arrow is showing a wedge break out that happened today + +The MACD (orange arrow) - has been positive since 7/12. It is diverging and going up + +Stoch (blue) - is also going up with room for more + +A/D (red) - is going up + +Aroon (yellow) - is also going up + +Overall- There are 2 very bullish patterns that GME is about to break out of. All indicators I use are pointing up as well. we have seen green candles (for the most part) since the cross over on 7/12. We are about to see even bigger green candles coming soon + +&#x200B; + +update 7/20 + +&#x200B; + +[This is the 1 day](https://preview.redd.it/qo6xrs6qoqc91.png?width=1145&format=png&auto=webp&s=eb8114020e4dfaedb19aea94fbc711ac1fa0a9e0) + +Gme had a successful break out this morning and looks like it will still continue up the diagonal support. resistance at 160 and support at 155. + +all indicators are point up as well + +&#x200B; + +[This is the 4 hour chart](https://preview.redd.it/xit6va61qqc91.png?width=1150&format=png&auto=webp&s=29c3879b301c2aedf13faf1f89000bcac2a66663) + +it looks to me the gme is in an ascending channel and still will continue to climb up, I still speculate a significant breakout coming. + +update 7/21 eod + +&#x200B; + +[This is the 1 day](https://preview.redd.it/bss2r30dxzc91.png?width=1142&format=png&auto=webp&s=72346a6fd65d45d249d8a7213bb6ae4483de1da7) + +Shorts tried to push it back down to the diagonal resistance and support. They failed, GME is still climbing up the diagonal support. let me show you something super exciting if anyone is checking these updates + +&#x200B; + +[This is the 1 week](https://preview.redd.it/zykiaaooxzc91.png?width=1147&format=png&auto=webp&s=d3f4fa07ff1bfc7a4c3926732dcab6d38e5985f4) + +All indicators are pointing up. this is on a 1 week macro scale, so we can see significant up tomorrow or next week. The fun is just beginning + +&#x200B; +There have been several recent threads with variations on this topic with lots of good discussion. + +I thought I would create a centralized thread with some of the most common questions I’ve seen, as well as a brief overview of the asset. + +**What are I Series Bonds?** + +Series I Bonds (or I-Bonds) are U.S. Treasury issued savings bonds, not so different from the ones you used to get from Grandma every year (which were EE series bonds). I-Bonds were created in 1998 to give the average American a way to save that would be guaranteed to hold its buying power. An I-Bond consists of a fixed rate (fixed for the life of the bond, which has a 30 year maturity), and a variable rate, which is based on the government CPI index, and resets every 6 months to the current inflation rate (May and November). The current fixed rate is 0%, while the variable rate is 7.12%! + +**Why should I own I-Bonds?** + +Maintaining purchasing power of your hard earned assets should be your first priority as a saver/investor. I-Bonds check a number of boxes that make them a very unique financial asset, namely: + +1). Safety - They are guaranteed by the U.S. Treasury. If the government defaults on you, we have bigger problems. + +2). Liquidity - After one year, they can be cashed in and deposited back to your checking account in 2-3 days (minus a small 3 month interest penalty, see below). + +3). Tax Deferred - I-bonds do not throw off interest. You only owe tax on the internally compounding interest once the bonds are cashed in, which means *you* control when you pay tax. Always a good thing! + +4). Inflation Protection - I-Bonds are guaranteed to grow with the general inflation rate, as measured by the CPI. + +5). Deflation Protection - I-Bonds will never lose value month over month, even when the CPI is negative (deflation). That means in those cases, your money is guaranteed to *increase* in value in real terms. + +6). Tax free (maybe) - All interest earned is local and state tax exempt. If used for qualifying educational purposes and if you are under certain income limitations, interest earned is federally tax free. + +7). Account Separation - Some people may consider this a negative, but I find having my cash and emergency funds separate from standard bank or brokerage accounts to be a positive in that you are much less tempted to do anything rash or draw on these funds for something that might not be a true need. This is completely psychological, but for me, it works. + +Additionally, just like EE Savings Bonds, I-Bonds are a great educational tool for children. They are simple enough to teach concepts like compound interest, but since they are also inflation linked, you can also teach them about what inflation is and the impact on buying power. No more just having to tell them how you used to remember when a loaf of bread cost a nickel! + + +**What’s the Catch?** + +I-Bonds purchased must be held for a minimum of one year. In addition, bonds cashed in between years 1-5 will lose the last 3 months of interest paid. Additionally, you are limited to $10,000 per year, per social security number (or EIN), plus another $5000 in paper I-bonds if you choose to get your tax refund back as I-bonds. + +**Why all the hoopla now? Why didn’t I know about these before?** + +Because of recent inflation data, I-Bonds are paying the highest variable rates ever for any I-Bonds purchased through April 2022 for 6 months. That rate is an annualized 7.12%! This has helped shine a light on an asset that has been flying under the radar for a number of years. + +Also, because they are sold directly by the government, there are no expenses, commissions, or fees. That means no one is paid to tell you about them. + +**How much can I expect to earn over the next (XX) years?** + +No one knows in nominal terms. In real terms, they are expected to return nothing. Your $100 in I-Bonds bought today should be able to buy just as many groceries 30 years from now. This is a good thing! Inflation has averaged 2-3% overtime. A government guaranteed return of your buying power is nothing to sneeze at, especially for something like an emergency fund. + +*Note*:The current rate will likely NOT last, nor would you want it to. They would mean inflation is way higher than long term trends, which would reek havoc in the economy and your personal finances. + +If you want to know what 2-3% interest looks like compounded semi annually, use this calculator. + +https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator + +**How is Interest accrued?** + +Interest is earned monthly, and compounded semi annually. Your account balance will reflect what you have earned minus the 3 month penalty (until year 5). + +Additionally, interest is earned for the entire month you own the bond, so bonds bought on the 29th will earn interest as if bought on the 1st! Just make sure the purchase clears before the end of the month, so give it a few days. + +**Why are these rates so much higher than market bond rates or savings rates?** + +To put it simply, they are government subsidized. These are meant for the little guy to be able to save money safely. Who doesn’t like a good government subsidy? My rule of thumb is to max out on anything the government limits you on - it means it’s probably a great deal. In this case you are limited to $10,000 per year (plus $5,000 in paper bonds from your tax return). Any Wall Street finance person would be loading up on these, if they could. + +**What part of a portfolio should these be for?** + +Many people use them for emergency savings. Others use it as part of their overall bond portfolio. Others for college savings. There’s no question they are one of, if not the best risk adjusted assets out there. This should be the bedrock of your non-retirement savings/investing strategy. One strategy is to “ladder in”, meaning you take parts of your emergency savings and add them every year so that you aren’t locking all of your liquidity in that one year lock up period. + +**How do I buy them?** + +You can set up an account at www.treasurydirect.gov and buy them directly from the government by linking your checking account number and routing number. You may also elect to receive up to $5,000 per tax return as your tax refund in addition to the $10,000 you buy at treasury direct. + +**Who can buy them?** + +According to the treasury website, anyone with a social security number meeting one of the following 3 conditions: + +1). Being a U.S. Citizen (living in the U.S. or abroad) + +2). Being a U.S Resident + +3). Being a civilian employee of the United States, regardless of where you lived. + +Additionally, if you have an EIN for a trust/corporation, you may purchase up to $10,000 of bonds under those entities as well. + +**Is this a real government website? It seems fishy.** + +It’s real. What can I tell you? The government doesn’t know how to make a good website. For the love of god, don’t hit the back button! It has also been advised to make sure you don’t plan on changing your funding bank account information anytime soon, as some rather annoying paperwork is required. + +**Can I buy them for kids/grandkids?** + +Yes. You need to set up an account for them under your “master” account, and you can then gift them. They would be a separate $10,000 limit. + +**TIPS vs I-Bonds** + +I am not going to get into too much detail here on TIPS - you can do your own research. + +Both are inflation linked treasury assets. + +You may purchase as many TIPS through a brokerage as you’d like. I-Bonds are subject to the $10,000 limit and +must be purchased through treasury direct. + +Because TIPS are marketable securities, they are subject to market forces. While having the benefit of being able to sell TIPS whenever you like (no one year lock up), the drawback is they can (and have) decreased in value over periods of time. They do not give the same deflation protection I-Bonds do. They also throw off taxable interest payments. + +TIPS may have a place in an overall portfolio for some people. For me, they are a bit too complicated. I like to keep things simple. I-Bonds are simple. + + +**Other Useful Information** + +I’m just passing on publicly available info. Feel free to go directly to the source! + +https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm +I often read about learning to trade and how people got profitable after 2 years. What does that mean, how much time did you invest in those 2 years? Was it an hour every day or even more or did you have a time where you took a break from trading? +I’m trying to learn with paper money since 3 months now and its hard for me to keep my motivation up. I make the same mistakes over and over again and need to pause and refocus from time to time. What kept you going? How did you deal with setbacks? How often did you change your strategy? +Looking forward to your insights. +I made an algorithm in PHP and have been running it live for more than 1+ year. It's been very profitable and I've recently just decided to put 90% of my savings into it and don't know if it's a good idea. The remaining 10% is just my emergency fund and small investment here and there that I won't be touching. + +I wonder if 90% of my money in an algorithm is a good idea. I'd like to hear what people's view on this. Also I am quite an aggressive investor as I'd like to retire in the next 10 years or so. I am currently 30 years old. +I made an algorithm in PHP and have been running it live for more than 1+ year. It's been very profitable and I've recently just decided to put 90% of my savings into it and don't know if it's a good idea. The remaining 10% is just my emergency fund and small investment here and there that I won't be touching. + +I wonder if 90% of my money in an algorithm is a good idea. I'd like to hear what people's view on this. Also I am quite an aggressive investor as I'd like to retire in the next 10 years or so. I am currently 30 years old. +Repost from /technews + +>Information obtained by the leak suggests that Zuckerberg has decided to step down himself. The decision, per our insider source, “will not affect metaverse” – Mark’s multi-billion dollar project, which has dragged Meta along with it as the company saw a significant profit decline earlier this year. + +[Source](https://theleak.co/2022/11/22/mark-zuckerberg-is-set-to-resign-next-year/) +Ether’s Market Cap Could Exceed $20 Trillion In The Next 10 Years + +According to ARK Invest research, Ethereum could displace many traditional financial services, and its native token, ether, could compete as global money. + +As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include Ethereum, the base protocol, and DeFi, the decentralized applications built on top of Ethereum. + +As the preferred collateral in DeFi and the unit of account in NFT marketplaces, ether (ETH) has the potential to capture a portion of the $123 trillion in global M2. + +&#x200B; + +[ETH 56x to $140K GLTA!!!](https://preview.redd.it/q2de6g5sf1e81.jpg?width=2001&format=pjpg&auto=webp&s=74afbd3651f7ccdd9acf4d5fb3c6fd36dbae9851) + +[I'm currently Long-Term 127.47+ ETH, staked and HODL to riches!!! GLTA!!!](https://preview.redd.it/fncofx8xf1e81.jpg?width=1142&format=pjpg&auto=webp&s=fc077ec07edcf5e7816a352b60c0a3d8d0e408e0) + +[Since I started staking, I've earned 2.45 ETH2 to date. I'm stacking ETH daily for as long as I'm staking ETH!!! I will continue to Stack, Stake and HODL to riches!!! GLTA!!!](https://preview.redd.it/1mexd889g1e81.jpg?width=587&format=pjpg&auto=webp&s=5fcca5433c10a0723c8c9154bf33031e615d15eb) + +[My 125 ETH staked at 4.5&#37; APR in ETH2 rewards. I'm HODL to year 2030!!! GLTA!!!](https://preview.redd.it/yc678a89g1e81.jpg?width=1133&format=pjpg&auto=webp&s=d3eb967bee146ba69c14cbce286f97df2749698f) +If granted, the extension would see the changes not kick in until 2022. The Fed also said the lenders must specify the investments they are referring to, before it makes a decision. +In a few months I'm looking to make a career switch from software development to a finance-oriented career, but I have no formal education in finance. I'm looking for a textbook (or more than one) that'll give me everything from the basics to a basic overview of higher level financial topics. To give you an idea, if you asked me for the 1 textbook that if you read would help you pass any entry-level software dev interview I'd say read Intro to Algorithms by CLRS. I'm looking for the finance equivalent. + +Thank you :) + +Edit: I shouldn't have been so vague in my description. I'm looking at jobs in quantitative software engineering roles, like Jane Street, DE Shaw and Two Sigma. +I'm curious if the the companies involved in the keystonexl project are financially better off having never started construction of the pipeline, given the current price of oil and it's projected low price for the next several years. +Hey everyone, + +I rent out my house and recently ordered an appraisal from my mortgage company so I can remove PMI due to appreciation in house value. + +The appraisal was done on Tuesday and today the appraiser emailed me and asked “are the residents of the property your renters?” + +Can anyone give me some insight into why that question would be relevant and what kind of impact that may have if I say yes? + +Thanks for your help. +I’m talking about the details and tweaks to the generally discussed strategies and or why you chose one of those generally discussed strategies over the other. Why does it make sense to you. What about it works for you in your particular situation and market. + +Forgive my lack of proper punctuation. My phone is busted and I’m relying heavily on predictive text and can’t use portions of my keyboard. +Alright so i’m 19, making 50k a year, investing about $750-1k a month. I’m making $542 in dividends annually as of now, which is 2.9 dividend yield. Currently I own the following: +COST- 2.1 shares +MSFT- 3.75 shares +NVDA- 4.09 shares +TGT- 4.04 shares +VTI- 4.83 shares +AAPL- 16.52 shares +SCHD- 14.29 shares +O- 21.17 shares +C- 11.87 shares +JEPI- 19.21 shares +KO- 14.06 shares +AFL- 14.42 shares +STAG- 24.49 shares +DIVO- 23.57 shares +NUSI- 39.64 shares +ABR- 54.34 shares + +I’m thinking about adding PEP soon, maybe this week. And maybe PG. What else am I missing? I know I don’t have some of other sectors, put some down that I should look into. *I don’t want a stock that’s been going down the last 5-10 years* It needs to be going up over the long term! +Hey all, I got about 900$ to start investing long term. In my Early 20’s and want to start investing for retirement/buying a home. The main goal is to put about 75-100$ a week in and make a compunding passive income little by little over a long period of time, I have been looking into dividend reinvesting and such but I don’t know what stocks are considered “safe” or how to find those “safe” growing stocks. I also have invested in $T (200$) and $ORI (200$) any advice is appreciated! Thanks in advance +Look at NTDOY or STLA, there are a lot of gap ups and gap downs making the candlestick chart looks spaced out compared to say an AAPL chart. I’m not even talking about earning related events, it’s like there’s a gap to start almost every trading day, like that’s completely normal and to be expected for some companies. + +I have no idea why this is. Does it have to with liquidity or the times these companies are traded, or exchanges? I’m really not sure. Can somebody explain? +Hey everyone. + +I'm at witts end with my job. I've been having suicidal thoughts. I signed up to speak to a councillor last night but it turns out I can't afford it. + +My question - I have been gifted a holiday and it's booked, non refundable. I don't have much in savings, I need money. + +Has anyone here every taken a loan to tide them over whilst searching for a new job? I would use this money as frugally as possible. I have a perfect credit score and live at home. + +Thank you and good luck. +The recent revelations on Bitfinex will hopefully open a few eyes and encourage people to never use any exchange that does not have insurance on both Fiat and Crypto pairs. + +In the case of Coinbase/GDAX, USD wallets are treated as bank accounts and are FDIC insured up to $250,000. If Coinbase was hacked, only ~2% of their crypto holdings would be exposed and any losses incurred by the loss of those tokens is insured through a private insurer. + +Gemini is very similar to Coinbase in that USD funds are FDIC insured and are held in a New York state bank. They also have insurance in the case of "internal malfeasance". They boast about the same security features of their crypto storage as Coinbase does. They also maintain that they have significant capital reserves to back up funds in the event of a major incident. + +I am unable to find much about Kraken's insurance or policy on funds stored on their exchange. However, with them not claiming USD funds are FDIC insured ~~residing outside of the U.S.~~, I would not be too keen on putting my funds there. They also have a reputation for having bugs on their exchange which should be a little disconcerting to people using their service. + +Poloniex, similarly to Kraken, does not really have a set policy on what they would do in the event of a major hack. However, their security policy is even less verbose than Kraken's. They simply state "majority of customer funds kept in cold storage". Keep in mind, Poloniex has been compromised before using a relatively simple attack vector of "simultaneous withdrawals" back in 2014. Keep in mind, customers were paid back, but that was only a loss of ~$50,000. Poloniex is moving tens of millions of dollars every day on their exchange now. I find it highly unlikely that Poloniex would be able to repay its customers in the event of a major hack. Being the most widely-used cryptocurrency exchange, them being compromised would be catastrophic for cryptocurrency in general. + +Bitfinex is about the same as Poloniex in that they just describe the obvious security measure of keeping the majority of their funds in cold wallets. Given the recent revelations regarding their solvency etc., I would not recommend doing anything except withdrawing funds from their exchange. Until all of this blows over, Bitfinex should be completely off-limits. Them giving their customers BFX tokens instead of repaying them just goes to show that they are either insolvent or simply refuse to take from their own pockets to repay their customers. + +Bittrex is USA-based, but they mention nearly nothing about their security policies or how funds are kept secure. Their website looks like it was designed by a high school web-developer. I wouldn't trust them, but maybe that's just me. + +Any other exchanges not listed here I have not looked into because they do not push enough volume, are not usable in the U.S., or because they simply do not provide enough information to their users. That alone should be enough to veer users away from their exchanges. + +With all of this in mind, it's unclear to me why Coinbase/GDAX and Gemini are not \#1 and \#2 with respect to volume in cryptocurrency exchanges. They are the only well-insured exchanges that provide significant levels of information to their users on their security and policies in the event of compromise. Kraken could possibly be \#3 on the list, but recently they have been receiving poor feedback and I personally would not recommend them. If you're in the U.S., in my opinion, you should be almost exclusively using Coinbase/GDAX or Gemini. + +Those of you who almost exclusively HODL your coins and prefer to keep them online should be doing so nowhere else but Coinbase or Gemini. Otherwise, get yourself a Ledger Nano S or at least keep them heavily secured on one or multiple multi-signature wallets on your own computer with the passwords and/or private keys written on a piece of paper stored in a safe or on an encrypted USB drive stored in a safe. + +Feel free to post follow up information or any other exchanges that you recommend. + + &nbsp; + + +Edit: Kraken is U.S. based, but they carry mostly EUR volume and their USD accounts do not appear to be FDIC insured. I would like to obtain more clarification on this if possible. Paging /u/krakenexchange, are your USD wallets FDIC insured and do you have any insurance on cryptocurrency funds? + +&nbsp; + +Edit 2: I'm sure quite a few here are interested in Coinbase's security. I fished up an 8-month old AMA that the Coinbase security team did. I found that it was super interesting and I definitely recommend anyone interested spend some time reading through. Here it is: [Coinbase Security Team AMA](https://np.reddit.com/r/Bitcoin/comments/4wx23q/coinbase_security_team_ama_10am_pdt_today_here/) +I'm freaking out crying! I can't pay this. I'm a grad student that lives paycheck to paycheck. I have student health insurance that's year-round. My school has a rule that if you get a referral from the school's health center, then Specialty office visits at my school's hospital are covered. I didn't know about this so I just made an appointment with my school's hospital's Urologist and went in for a 1-year follow-up. It wasn't my first time going, I've gone numerous times in the past. I guess in the past, my visits were covered because my original referral was 1 year long. + +This time, I actually still did pay $25 in the office because I told the office workers that I had student health insurance, and that's the copay for it. + +This past weekend, I got this "Explanation of Benefits" in the mail and it says THIS IS NOT A BILL, but "It is your responsibility to pay: $1008.00". I think I actually have to pay it to someone, right? To the Urology office at my school's hospital? + +I signed into Anthem and it also says I have a $1008.00 denied claim. + +**What is my next step?** I think I need to submit an appeal to Anthem Blue Cross. Are there any techniques or strategies to get them to accept it? Like, things to say. Or things not to say. I literally cannot pay it. I forgot to get a referral from school. But that sounds so dumb. + +I also emailed my school's health insurance office with similar questions. I'm so scared. + +Is there a way for me to pay this off slowly over time? Or to apply for some sort of funding or charity? I need all the help I can get. + +Thank you very much for your time. +The way I see it there are several classes of algos: + +1) HFT - Timeframe in nanoseconds + +2) Daytrading - Timeframe in seconds to minutes or the occasional few hours + +3) Buy and hold - Timeframe starting in days + +If you have a successful algo and if it doesn't break any NDAs it would be nice to know in which category it is, assuming the above covers it. +I currently make about 30k a year and have been offered a position that will put me at 45-50k a year. Seeings as I will have 150% of my current income starting in approximately a month I want to build my credit, and maybe start doing things that makes my money do some work for me. I have some obvious things such as owing about a thousand dollars still on my truck and wanting to pay down my medical bill debt which is about 3k. After that I want to build my credit, I've spent the last year trying to work on it and I'm almost out of F class credit, what is a good way todo so? Should I put the extra money in savings account, look at stocks? I'm new to personal financing and I can use any help! +# [Live AMA with Dr.Robert Shapiro and Lucy Komisar.](https://www.youtube.com/watch?v=CXTb31od-VA) + +4:30pm EDT +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +Please behave yourselves! u/Captain-fan and I are watching 👀 +White House officials are considering deferring taxes for industries hurt by the coronavirus outbreak, including the cruise, travel and airline industries, among other options, two people briefed on the discussions said. + +The talks remain fluid and are preliminary. + +The discussions are a sign that the White House is grappling with the economic fallout of the coronavirus outbreak, while publicly downplaying the financial pain. + +More here: + +https://www.washingtonpost.com/business/2020/03/06/white-house-could-seek-timely-targeted-aid-us-industries-hurt-by-coronavirus-outbreak-top-adviser-says/ +So in summary, my daughter is now 5 months old and my wife is wanting to stay at home and not work. Right now she's making about 70k a year as a police officer with a pension, which heavily played into my plans to retire between 43 and 50 (depending on how I felt about my career at the time), and have a very nice retirement to draw on so we could travel the world and do as we please. Well, now I just don't know what to do as i can tell my wife really wants to stay home, but that means I'll more than likely 1. work for 10 more years or 2. have a much smaller fund to draw from. I make plenty of money for us to survive on well still saving a few grand a month, but I have honestly felt depressed about taking such a large step backwards. If anyone has experienced this situation, I would greatly appreciate it if you could shed some light on your experience! + +edit (more details): + +I guess I should have mentioned more detail in the original post. We have been discussing it for about 4 weeks. We communicate about it on a regular basis, and she understands that it would affect OUR retirement and not just mine. If she stays working, she would retire at 43 regardless. We are both in agreement that we must both make this decision at it affects our entire family. +The reason I posted here was not how to talk about it, but what people with an FI mindset had experienced specifically tied to the emotions and possible alternatives tied to a decision affect FI. /r/relationships does have its place, but I was looking for something specific to FI people and how they felt when it changed their goals. +I guess if I wasn't going for FI, it wouldn't be an issue as I make enough money for us to both live on semi-comfortably, but that's why this post is here instead of the other sub. +&#x200B; + +So what do you think about that? + +&#x200B; + +Because of the post of [u/Carola94](https://www.reddit.com/user/Carola94/) i thought about whats happing at the german airports right now - delays - cancelation - people who get stuck at airports insteed of lying at beaches. Summer holiday season start was at the 26th of June in Germany + +&#x200B; + +This is the artical from her post + +https://preview.redd.it/d6i8l1sirj991.png?width=2048&format=png&auto=webp&s=a77cf63ff76c31a96447f41989758a3c917ed00f + +&#x200B; + +A quick research brought my to a press release from Lufthansa hiring a former guy from BCG in May 2020. + +https://preview.redd.it/n46i0v0mrj991.jpg?width=1080&format=pjpg&auto=webp&s=76ed76bae7a036bc654d3882b4abdc058ea15284 + +&#x200B; + +Meanwhile Hedge funds where placings bets against traval companies + +https://preview.redd.it/rly91fenrj991.jpg?width=1080&format=pjpg&auto=webp&s=8f1608bdf2992ded746a0f80f1c2391f59116970 + +&#x200B; + +So ok travel companies for sure were strugeling in 2020/2021 but here we are in 2022 and thinks should get better but somehow we are now in July 2022 an the situation at german airports are more catastrophic than ever since June and insiders of Lufthansa saying there was a complete missmanagement + that it could get even more worse. + +https://preview.redd.it/x9u0z80prj991.jpg?width=1080&format=pjpg&auto=webp&s=d3509eb9c63853042320eb38f10fe5ca61e34a8b + +Full articel here: [„Es wird noch schlimmer“: Insider enthüllt Details über Lufthansa-Chaos (www-fnp-de.translate.goog)](https://www-fnp-de.translate.goog/frankfurt/urlaub-reisen-airline-probleme-wartezeiten-lufthansa-flughafen-frankfurt-chaos-zr-91633034.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=de&_x_tr_pto=wapp) + +&#x200B; + +So how could this happen and what did this former BCG guy did to help Lufthansa? + +By the way in May 2022 he returnd to BCG. + +https://preview.redd.it/3wrvyu4qrj991.jpg?width=1080&format=pjpg&auto=webp&s=1083066915f0299ad8f7ce8945c9449adf907d16 + +&#x200B; + +Thank you for reading and happy to here your thoughts! + +&#x200B; + +Edit: Pictures +Edit: thanks for the award. + +Hey mods, this does connect to GME. + +China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994 + +[https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html](https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html) + +Buy. Hold. DRS. Buy. Hodl. DRS. Buy. Hold. DRS. Buy. Hodl. DRS. Bye brokers; DRS. +TL:DR - pursuing FI has been great, but am now overwhelmed with how much there is that I can do with my life. It's causing decision fatigue. How do other people cope? + +&#x200B; + +Like many other people who pursue financial independence, I enjoy planning things. While I'm old enough now to know that "the best-laid plans of mice and men often go awry", I've always been someone who enjoys thinking about what my available options are, deciding what I want and how to go about it, and making that happen over the medium or long-term. This has been a helpful trait in pursuing FI, and I'm glad to be inclined in this way. + +&#x200B; + +However...I'm finding in the past couple years that I'm almost stressed out by all the additional options for what to do with my life that pursuing FI has given me. + +&#x200B; + +When I was young, I felt that I had few options except to roll up my sleeves and grind it out in my choice of career - it was my only way of getting a financial base and building a life for myself. I didn't have an impoverished upbringing or anything, but I did have parents who maybe didn't have the best mindset about money. I wanted a career and I wanted financial stability in a way that they didn't really believe was possible. So, to me, the choice was simple - "work and build wealth" as much as I could in order to build a future for myself, or "be careless and build nothing", living from hand-to-mouth and not building any sort of future. For me, the choice was obvious. + +&#x200B; + +Now, years later, we have a solid financial base in our lives. We will certainly be able to retire early if we choose, and we can combine that with some other fun adventures if we are smart about it. However, while I'm incredibly grateful to have the opportunities I have, I increasingly feel overwhelmed by all the things I COULD choose to do with my life. + +&#x200B; + +Should I stay in my job another 5 years, or another 10 years, or another 15 years? Should I stay in my career and keep grinding it out, or try to pursue any passion projects? Should I try to write a book? Should I take a sabbatical and travel around the world? Should I stay in my city or move to the country? Should I get a vacation house? Should I try to leave the country during the colder months ever year? (I'm in Canada, winters are cold.) Should I look at getting a bigger house? A custom house? A smaller house? What do I want??? + +&#x200B; + +A lot of this is just human psychology - I think of [Dan Gilbert's TED talk](https://www.ted.com/talks/dan_gilbert_the_surprising_science_of_happiness) on happiness, and how having more options to choose from can be a source of stress. The whole idea that the company that sells three kinds of jam will sell more jam than the company that makes seventeen kinds of jam. I also enjoyed [Mark Manson's book](https://markmanson.net/books/subtle-art), and agree with his conclusion that people don't have this "one passion" in their lives that they need to be "true to" - there are many things we can do with our lives and there will always be upsides and downsides to whatever path we choose, and it's important to accept and be OK with that. + +&#x200B; + +So I've gotten my head around all that, but I'm still having trouble with strategies to cope with all of the new decisions that pursuing FI allows you to make. To other people pursuing FI - do you sometimes get overwhelmed with the sheer amount of options available in your life? If so, how do you keep your journey focused? How do you decide on one course of action and not get overwhelmed with the dozen other things that you could also do instead? +The writer Wendell Berry has said that "To have everything but money is to have much." + +The profundity of that statement has hit me recently. On the road to financial independence, the value most people track is their net worth. And rightly so. + +But other standards in life are valuable too. Intimacy with your spouse/partner, work that gives purpose and satisfaction, healthy relationships with family, physical health, a close network and community of friends: each of these things are valuable but not measured in your net worth. You don't "need" them to be financially independent. But they are worth-while and are the very foundation of a good life. + +Someone in this sub needs the reminder (as I often do): Build a beautiful life while saving your money. Don't wait to live a good life until you have built up money. Life consists in more than the abundance of possessions. + +What are some other measures of "worth" not tracked by VTSAX? +No more BS, I've currently hit a breaking point in my trading and I absolutely want change. I'm sick and tired of being sick and tired. The biggest thing holding me back currently is myself, and it is an absolutely terrible feeling. I want to change this, I'm lucky to be profitable based on how much I break my rules. But I should be bringing in close to 2x my current profits (I keep a trading journal of my trades every week and track what my actual profit was compared to what my profit would have been if I followed my rules). + +This will be my plan for redemption and to size back up, I want to be fully open on this journey, I want to not hold back on my ups and downs along the way and just leave everything on the table. I believe the best way for growth is to throw yourself in the fire, so starting next week I will be doing the following + +* \- I will be posting after every trading day a recap of what I traded on the day (will most likely always be spy options). +* \- What my trade plan was and did I follow it, (take profits at the area I planned primarily will the hardest thing for me to follow). This will be accompanied with a screenshot of the chart. +* \- My PNL for the day (I will be risking $150 per trade, profits should be more than $300 per trade minimum, preferably $450) + +I will be doing this till the new year to hold my self accountable, my biggest flaw currently is not taking profits at the areas I have planned and just scalping trades. + +The rules I have set out for myself during this time are the following (this criterial must be met on every trade or I am not allowed to take the trade) + +* \- Must wait first 25 minutes of market before taking trade +* \- Trade must have at least 3:1RR +* \- Obvious Support / Resistance areas being tested (preferably the first time) or being reclaimed being the setup I will be taking. (I like the trades that look easy and have flowing price action, this is a discretion thing so it may not make sense to you) +* \- Trade has confluence with a moving average (this is not a must, but a + in the trade) +* \- Max loss on the day is $150 ( this will make me wait for the perfect trades as I know I only have one chance on the day). It may be more sometimes because of slippage, but as long as I am following the concept, I am okay. + +Hope you guys enjoy this journey I am about to embark on, a little side note, since I am going to be extremely strict on my sell areas, I know I will no longer be scalping and this will greatly reduce my win rate. I plan on having a 3:1+RR ratio with a little under a 40% win rate, I will most likely take 4 trades a week just based on how selective I am and since I plan on waiting for bigger RR opportunities. +# Why GameStop's earnings has to be negative for now: A Strategy in Action. + +TLDR: + +I think GameStop is increasing their CAPX and causing negative EPS currently because they are debt free. Before RC's takeover, GameStop had struggled earnings wise and have been eroding their equities as a way to pay for that . While debt is usually seen as a good thing for a company, when you can't pay your interest expense from your operation cashflow it is a net negative. + +Why do I think that? + +At the corporate level, they currently don't have enough debt in their capital structure to take full advantage of the interest tax shield. Now this was done on purpose in my opinion to allow the company to make certain moves hehehe. + +RC will continuously invest and cause EPS to be negative so that GameStop can build a solid base of tax credit with the government. With the launch of the NFT market place, which presumably has negligible marginal cost as well as extremely high margin for GME, all of these tax credits that we have built with the government will allow GME to report much higher level of earnings from the marketplace thanks to the tax shield. the added on depreciation benefit is taxes is awesome as well. + +Furthermore, because the cost of capital across the market is extremely low, the current analysis for DCF of most companies are largely inflated since the low discount rate will allow cashflow from future years to have a bigger impact on the Net Present Value. RC is a mastermind who understand that the raising of interest rate at the Fed will cause the discount rate for DCF to rise, decreasing the effects of the future cashflow on NPV. By increasing capital expenditure during low interest times which will generate much more cashflow in the future years, RC is able to predict and hedge against such an event. + +This is purely a speculation but we will know when GameStop is ready to turn cash positive when they start reaching out to the market to issue debt. Now this is when my tinfoil hat gets crazy elaborate but usually with Debt there is something called the agency cost of debt. Basically what it means is that as you take on more debt, which is advantageous because of the interest tax shield, the management of the company will not want to make the company much better because a large portion of the gains will be distributed to the debt holder, which is usually a bank or something like that. + +Now, if we still have our tinfoil hat on and we are willing to speculate like crazy, I would say that if I were RC, I would issue debt on their defi exchange through issuance of an NFT that can be fractionalized and sold to the users of the platform. Instead of giving a portion of GME operational gains to the banks who may hold their debt, RC can choose to benefit us (the shareholders) buy giving us an option to buy GME debt on the defi exchange. Also, I am predicting that this would happen after the MOASS since having your money as a debt with the greatest company in the world would be one of the safest ways to keep your money in the market to make you even more money. + +# Why would GameStop issue debt instead of giving dividends or a stock buy-back? + +Most companies either conduct a stock buy back or issue dividends when they are flush with cash. But in the case for GME, I believe that RC will continuously expand GameStop as Amazon has grown their business. And along with the revenue growth will come the need for capital which will come from the shareholders who are willing to invest in the company long-term after the MOASS. + +When a company decides to issue dividends, it is in a way forcing its shareholders to have a taxable event occur when they might not want to do so. This is not democratic at all as there are always arguments on different sides as to how the value can be returned to the shareholders. But in our case with GameStop, we will have an awesome opportunity to have both the equity and debt with the same organization thereby reaping the benefits of both. By carefully curating the proportion of equities to debt issued by the company, one can create an ideal portfolio with a certain level of cashflow and gains on equity which can be altered throughout the years. This to me sounds like a lifecycle retirement fund that can exist solely within the Gamestop econsystem. And with the ability to setup algorithms to shift the mix of equity and debt, one can create an automatic retirement fund that will keep your money safe while generating endless cashflows. + +&#x200B; + +# The past and the future + +Ever since the Great Depression, the American economy has largely shifted to derive much of its value from its financial industry as our nation's labor productivity had fallen and we could not compete against foreign markets. And by moving away from the gold standard and not allowing the redemption of dollars to gold during those years, we were able to solidify our position as the world reserve currency and prop up our economy through our financial services. + +But the financial industry has grown too big and they continue to consolidate under the ruse that their business is capital intensive and that consolidation is the only way to reduce cost for the customers. + +RC is trying to break this negative fly wheel that continues to suck value out of the labor force of the economy and concentrate to the banking institutions by giving regular people, who would never have had this kind of opportunity to control their portfolios, an opportunity to be the bank for GameStop. + +Edit1: I guess Loopring said be your own bank. I even have their counterfactual wallet so how did I get that wrong? because I am wearing a tinfoil hat. + +~~Loopring says be your own wallet. I say no.~~ The People will be the bank of the future. The issuing power and the autonomy that has been robbed from the people will be returned to the rightful owners. + +&#x200B; + +POWER TO THE PLAYERS. +UPDATE 3: Still a moron, but I’ve been thinking about the enormous number of people that have been phished via Google ads. There are far too many stories similar to mine for Google to not be held accountable in relation to this type of fraud. Please reach out if this has happened to you, I would like to organize a class action against Google to ensure they prohibit scam ads from getting placement in their search returns. + +UPDATE 2: I AM A FUCKING MORON. I entered my seedphrase into a fake Trezor site. + +[https://www.reddit.com/r/TREZOR/comments/e1a9o1/fake\_trezor\_website\_all\_funds\_lost/](https://www.reddit.com/r/TREZOR/comments/e1a9o1/fake_trezor_website_all_funds_lost/) + +this\^\^\^ is exactly what happened to me. + + +UPDATE: See thread with u/[pink\_raya](https://www.reddit.com/user/pink_raya/) + +I had a little over a full BTC stolen from my hardware wallet just under a week ago, and just discovered so this morning. I was phished by a site running a Google ad that was posing as Trezor web UI. Typed in my seed like a dummy. I've filed an IC3 complaint, as well as filed a claim with Coinfirm's Reclaim Crypto. + +I'm not holding my breath waiting for my coins to be returned to me, but if there are any other avenues by which I might increase the likelihood of getting my coins back, I'd love to hear what they are. + +And if by chance a benevolent cyber-sleuth is reading this, the TX ID for the transaction is + +7f851490917a9384b3223ea13c8460cb880dfb62f0858b8e51aafa3a295b43e2 +*Hello, it's your friendly neighborhood grifter. I'm here to push dangerous financial instruments on unsophisticated investors.* + +This post shows the results of a quick investigation into synthetic forwards in GME's options flow (and the flows of related tickers). Synthetic forwards can be used in options strategies like the replicating portfolio of variance swaps, or as a replacement for actually going long or short the underlying. As a side effect of these trades options market makers will typically buy or sell an equal amount of shares in the underlying (1 delta per options pair, so 100 shares). Since MMs are able to naked short, this allows market participants to get shares without affecting the underlying, or when none are available. + +To enter a synthetic forward, one typically buys a call and writes a put for the same strike and expiry for a long forward, or writes a call and buys a put for short exposure. For instance, on the 1st of November 2021, the following trade was made on GME: 2500 calls and 2500 puts at strike $220 and with expiry on the 21st of January 2022, while at the same time 250000 shares were traded in a dark pool. + +# Method + +The tickers GME, AMC, EXPR, M, as well as ETFs with GME exposure were chosen for study. EXPR and M tend to show up as the top correlations with GME over long timeframes, while AMC has been strongly correlated to GME since January 2021. I searched their options flow for the for options trades with the following criteria, all of which had to be true: + +* a pair of puts and calls on the same underlying +* equal strikes and expiry +* 1 second (or less) apart +* a difference in trade volume of less than 10% + +The thing with the volume difference is there because some options strategies might require opening additional contracts in one of the legs which would likely be done in the same trade, and I wanted to make sure to include them. + +It should be noted that it is essentially impossible for me to distinguish between synthetic forwards and straddles, the latter involving both buying (long straddle) or writing (short straddle) an equal amount of calls and puts on the same strike. This would require correlating the options flow with other data, such as the consolidated tape, or (spoiler alert) swap data. + +# Results + +For all the graphics in this section the left Y-axis represents the total daily volume of underlying shares corresponding to hypothetical synthetic forwards (blue line), while the right Y-axis represents the total daily Dollar volumes (red line). + +[GME — quite the busy stock](https://preview.redd.it/l4csorgvlgi81.png?width=1359&format=png&auto=webp&s=24533ce1bb5eb8dfb5617864735541ffc3dbd0c5) + +[AMC — starting January 2021 also kind of busy](https://preview.redd.it/3658qt26mgi81.png?width=1382&format=png&auto=webp&s=26e05ee2499260e28c3bb107c42f6e994075b7c1) + +[EXPR — a wasteland](https://preview.redd.it/rdzkj2tgmgi81.png?width=1395&format=png&auto=webp&s=3524e25489930ad51ae4a62aabd787bc6a3e85da) + +[M — also quite busy](https://preview.redd.it/054i9dqnngi81.png?width=1401&format=png&auto=webp&s=2666b48ed14e0d8db67023c849598709e1193bd2) + +**ETFs** + +[IWM — noise](https://preview.redd.it/68tahdbyngi81.png?width=1381&format=png&auto=webp&s=c27a11aa1210163e898adfe204359defb4656302) + +[XRT](https://preview.redd.it/oorpsix6ogi81.png?width=1379&format=png&auto=webp&s=96c4a8dcd72b2a568687c722d703f63cfe2d388b) + +[IWF](https://preview.redd.it/8hgazhfaogi81.png?width=1425&format=png&auto=webp&s=cb6dd79831957b847c7a1f97f135a73e79049285) + +[MDY](https://preview.redd.it/m0hnb53eogi81.png?width=1385&format=png&auto=webp&s=e1e1c5c9b442c75fefa45533bf63e311d3e29597) + +No other ETFs had options trades fitting the criteria. + +# Discussion + +The following table lists aggregate (share) volumes on GME for a few months of interest. + +|December 2020|5098000| +|:-|:-| +|January 2021|1296600| +|February 2021|3391300| +|March 2021|854100| + +This suggests that shares "married" to synthetic forwards can not account for the vanishing short interest in February, even under the assumption that these are all short synthetic forwards. + +While this behaviour has been going on for a long time on GME, it sticks out that this trading pattern has a tendency to occur on dates where GME is seeing major upside. However, it is hard to discern if it is the cause of the moves, a response to them or part of a larger strategy, because the other, highly correlated stocks do not show similar patterns. + +If any of you still had any doubts, these findings strongly suggests that GME and AMC are not the same. In fact, this behaviour seems to have started with AMC the day Melvin got his bailout. Of the aggregate volumes of January and February 2021, almost two thirds (61.3%) of volume happened in the two weeks following the 25th of January. The only other dates in January that saw these patterns are Fridays (options expiration). Based on my earlier research I also believe that a considerable amount of the later trades on AMC are not synthetic forwards, but straddles (a volatility play). + +As I hinted at earlier, I now believe that most of these trades on GME are sell-side hedges for total return swaps. u/Zinko83 compared my data with confirmed swap trades on GME, and we were not only able to match dates, but actual volumes. These findings are preliminary. It's always possible that we're just being retarded. + +# Acknowledgements + +I thank Leenixus for providing the data, u/Zinko83, u/sweatysuits and u/Turdfurg23 because reasons. + +I thank Kenneth "Mayoman" Griffin, Steven "ballSAC" Cohen, Vlad "Toy from Bulgaria" Tenev and Gabe "Living Lossporn" Plotkin for sending me down that journey of educating myself and others. + +I also thank u/DeepFuckingValue for being himself. + +# Disclosure + +I have no financial education, and thus I can not give financial advice. None of this post is intended as such. + +I hold long positions in GME and EXPR, and no positions in the other tickers mentioned here. I do not intend to change my positions on the tickers mentioned in the next two trading days. This post is not intended to encourage nor to deter you from doing so yourself. +[Here's](https://www.reddit.com/user/pdwp90/comments/s37cyt/new_video/) a link to the post from two weeks ago. The trade was a purchase of $QQQ puts with a strike price of $285 and an expiry of March 18th. The trade showed up as an outlier in the code I wrote because of just how far out of the money the contracts were. + +When I posted about this trade, $QQQ was at around $378. Now it is at around $340, and the put contracts are up over 400%. + +The same senator also bought out-of-the-money $MSFT and $AAPL puts slightly prior, which are also doing very well, up around 100% and 60% respectively. +I noticed in another thread about expenses that almost all the posts by parents had incredibly high monthly expenses even discounting mortgage/rent (~4-6k a month) and I'm wondering if this is an accurate representation or we just had a lot of Sydney-siders. + +How much would you say you spend per week on your child/children and what does this include? +**INTRO** +Yesterday I started a possible God Tier DD of how the DTC Mafia has expanded his net to EU after WWII and through Spain dictatorship Francisco Franco and [Florentino Pérez](https://www.reddit.com/r/Superstonk/comments/mwdh0r/the_eu_artifact_of_the_dtc_mafia/). I know that is a very deep and large series, that needs much work and more explanation because is something global. This is the first big chapter that tries to show you how actions made on GME saga is a systemic modus operandi of the DTC Mafia and how important is to keep holding until the end, not only for us, but for the integrity of our future. + +**TL;DR- Credit Suisse, UBS, Auriga, Morgan Stanley, BBVA and J.P Morgan have used the strategy we have seen applied on GME many times. I checked the Spanish bank Bankia scandal, that was merged with Caixabank on 26 march 2021 (how convenient) to show you how it was all fruit of the DTC Mafia.** + +**Get ready because this involves Big short, DTC and GME.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**#1** **EDIT: My opinion of how is related with GME. (Just for clarification).** + +**DTC** [**participants**](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) **(Mafia)** is using the same exact strategy with other stocks, not only with GME or in USA. Credit Suisse and Nomura holdings were heavily affected by Archegos' margin call (one of GME big shorter). They also are totally involved with Bankia. + +I believe that GME has followed the same steps, but now they failed because we entered step 6 and they never expected us to buy&hold and counter it like we are doing. Every single ape buying and holding is a real hero. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Strategy** + +1- Control the board of directors to make sure they will manipulate the results of the company in your best interest. Make sure is a stock (with an IPO if is a private company) that is complex to understand or that is expected to fail, so if it does none will care. + +2- Pump the value of the company with results and mass media manipulation. This way retail investors invest in you and your assets value is hugely inflated. + +3- With the assets inflated enough to be too big to fail, you get a huge debt or sell your assets because you will have to pay big money to DTC mafia & friends. This massive sell is hidden with step 4. + +4- Dump the value of the company with unexpected bad results, mass media manipulation, mass naked short, mass short selling from your retailers with manipulated brokers and mass FUD selling. This way you kick all the retailers (stealing them on the way) and force a rescue from the government. + +5- Inflate value of your assets to give big dividends. The favourite way is with a merge of an other company that you have drained and the corpse needs to be hidden. + +6- Prepare a sale merging or total bankruptcy. Repeat a pump and dump (steps 2, 3 and 4). + +7- Laundry time. Merge is made, so you sell all the assets you got on the sale to your real state friends and put the cash on crypto. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Bankia scandal in more detail.** + +Here you have the [case study](https://catalystsforcollaboration.org/case-study-bankia-corruption-scandal/) of the scandal and a [summary](https://en.wikipedia.org/wiki/Bankia) of events. This book explains it all: **Crisis Elections, New Contenders and Government Formation Breaking the Mould in Southern Europe.** + +**Step 1.** + +Big short happened and we are on 2008, Lehman Brothers is going bankrupt and you apply [step 7 of the strategy with Nomura holdings.](https://www.nomuraholdings.com/news/nr/holdings/20080922/20080922.html) This also affects Spain & Portugal because you have a big division there and your CEO needs to fix the situation too. So you call [Luis de Guindos](https://en.wikipedia.org/wiki/Luis_de_Guindos) and make sure he becomes the prime minister of economy with [illegal funding](https://english.elpais.com/politics/2021-02-09/in-spain-new-trial-puts-spotlight-on-popular-partys-illegal-funding-scandal.html). + +Then you make a bought board of directors to create a [big pile of corpses with a private company](https://english.elpais.com/elpais/2017/03/15/inenglish/1489573772_758618.html). + +Get your [executive arm out and make him enter the EU central bank](https://english.elpais.com/elpais/2018/02/19/inenglish/1519050947_937366.html), is time to prepare an IPO with $US 23 Billions that will be stolen [from the civil pensions](https://www.thelocal.es/20130322/give-us-back-our-stolen-money-pensioners/). You know that what you are gonna do will be a massive problem in the future and you will have to put an [austerity](https://english.elpais.com/elpais/2016/03/15/inenglish/1458043447_291799.html) because EU won't pay you the party otherwise. BTW, now they [claim](https://english.elpais.com/economy_and_business/2020-12-08/brussels-urges-spain-to-reform-pensions-and-jobs-in-return-for-eu-funds.html) that is citizens fault... obviously. + +**Step 2** + +In 2011, Bankia listed itself on the stock exchange and carried out an Initial Public Offering (‘IPO’). Over 300,000 shareholders invested in Bankia for 3.75 euros per share and with this, the conglomerate was able to raise ([with fraud](https://www.theguardian.com/business/2012/jul/04/bankia-board-investigation-corruption-claims)) 3.2 billion euros. + +In May 2012, Rato announced that Bankia had recorded profits upward of 300 million euros. Shortly after making this claim, Rato resigned from his post amid rumors regarding Bankia’s insolvency and, in June 2012, [José Ignacio Gorigolzarri](https://en.wikipedia.org/wiki/Jos%C3%A9_Ignacio_Goirigolzarri) (DTC executive arm on BBVA) took over as the new president of Bankia. + +"In November 2012, within seven months of Rato’s announcement about its profit rates, Bankia announced that it was suffering a loss of 14 billion euros and was in urgent need of a bail-out. "Spain to [inject €19bn](https://www.ft.com/content/b20f5254-f72b-11e1-8e9e-00144feabdc0) into Bankia. + +**Step 3** + +In 2013, Bankia returned to profitability. (Over inflate your assets value). + +On 28 February 2014, Spain sold a 7.5% stake in Bankia for €1.3 billion. The shares were sold at €1.51 each. Further divestment was expected for 2014 under the rescue programme, but did not happen. + +On 7 July 2015, Bankia paid the first dividend in its history €0,0176 per share. On 16 October, Bankia completed the sale of [City National Bank of Florida](https://en.wikipedia.org/wiki/City_National_Bank_of_Florida) for $883 million to Chilean bank [BCI](https://en.wikipedia.org/wiki/Banco_de_Cr%C3%A9dito_e_Inversiones). The bank was bought by Caja Madrid for $1.12 billion in 2008. At the end of 2015, Bankia had fulfilled two years ahead of schedule all the targets set by the [European Commission](https://en.wikipedia.org/wiki/European_Commission) in the BFA-Bankia Group Restructuring Plan. The bank also reported the best efficiency, solvency and profitability among the six largest Spanish banks. + +**Step 4** + +Mass media FUD, bad results, a massive [naked-shorting](https://www.reuters.com/article/bankia-shares-idUSL2N0E41ZS20130523) and stealing money from small/retail investors. + +"Share prices crashed to an all-time low of 0.01 euros. Bankia was considered key to the nation’s banking sector since it was the fourth-largest bank in Spain and held ten percent of Spain’s citizens’ total bank deposits. To avoid a collapse of the entire banking sector, the government stepped in and bailed out Bankia by partially nationalizing it. The 19 billion euro raised for the bailout was part of a larger debt that Spain had acquired from the European Union." + +"XNet analyzed the bailout plan and realized that a seventh of the amount was being used to rescue Bankia, a bank that was claiming profits of over 300 million euros only seven months ago. As collateral damage, Bankia’s 300,000 shareholders – mostly unemployed, elderly and families –had collectively lost over two billion euros due to Bankia’s sudden downfall. It was clear to the activists that a sudden need for a 19 billion euro bailout from the government and the steep fall of the share prices were extremely implausible unless there was maladministration and misrepresentation by the executive running Bankia." + +Guess who are the naked shorting specialists? **Credit Suisse, UBS, Auriga, Morgan Stanley, J.P Morgan and BBVA.** + +[Link to a Spanish detailed explanation.](https://www.gesprobolsa.com/bankia-escandalo-bursatil-negocia-mas-acciones-que-titulos-hay-cotizando/) (I'm sorry, but he proves it very well). + +**Step 5.** + +On 23 February 2016, [Fitch](https://en.wikipedia.org/wiki/Fitch_Ratings) raised Bankia's rating to "BBB-", restoring the bank's rating to investment grade. On 8 September, Bankia announced that it was included in the [Dow Jones Sustainability Index](https://en.wikipedia.org/wiki/Dow_Jones_Sustainability_Indices) with a score of 84 out of 100. + +On 27 June 2017, Bankia agreed to acquire state-owned bank BMN (Banco Mare Nostrum) for €825 million in an all-stock deal. BMN was the result of the merger of the savings banks Caja Murcia, Caja Granada and Sa Nostra. On 3 November, Bankia announced that it was listed in the CDP Climate Change report for 2017 as one of a group of 112 global companies leading the fight against climate change. The restructuring period will end on 31 December 2017. The deadline for the privatisation of Bankia was end-2019, however, in December 2018 the Government decided to postpone the privatization until end-2021. + +On 27 February 2018, Bankia announced that it plans to pay €2.5 billion to shareholders over the next three years as part of its 2018-2020 strategic plan. It aims for a profit of €1.3 billion in 2020. + +Obviously, [overpaying](http://www.dividendsranking.com/Bankia-dividend-yield.html) them. Other source [here](http://www.dividendsranking.com/Bankia-dividend-yield.html). + +**Step 6.** + +Prepare the merging with your friends (Florentino Pérez & DTC mafia) over lending money to your future buyer (Abertis is a company of Caixabank).“2017. Florentino Pérez, president of ACS, has only earned the trust of Bankia and BBVA in his syndicated 'macrocredit' of 15,000 million euros to face his 'counterOPA' against Abertis. Or at least both entities are the only two that appear in the banking pool formed by 17 entities with which the construction company, through its German subsidiary Hochtief, which is the one that is truly behind the listed Catalan.” + +The 17 members that financed him for only 1 of the multiple Florentino's projects around: + +With 1,049.8 million euros each: Commerzbank, HSBC, JP Morgan, Mizuho and Société Generale. + +The syndicated is completed with another dozen entities that have contributed 809.5 million each. In addition to BBVA and Bankia, this group includes Barclays, Credit Agricole, Bank of China, ING, Landesbank Baden-Württemberg, The Bank of Tokyo-Mitsubishi, Natixis, Royal Bank of Canada, National Westminster and Sumitomo. + +Dump value again: Bankia may not meet [dividend target](https://www.reuters.com/article/health-coronavirus-spain-bankia-idUSL8N2BK4A4) due to coronavirus (this time was easier than expected). A SEC [report](https://sec.report/Document/0000950103-20-021368/) from Bankia justifying their lost of 75% on their assets value just before merging with Caixabank. [Spanish notice to the 75% lose.](https://valenciaplaza.com/desplome-bankia-bolsa-frob-nacionalizacion) (I couldn't find it in english). + +***Risk of non-recovery of certain tax assets of the Bankia Group*** + +At 30 June 2020 the Bankia Group had recorded deferred tax assets amounting to €10,449 million (€10,421 million at 31 December 2019) (see section 18.1). + +As regards the recoverability of deferred tax assets, it should be considered that, in accordance with Royal Decree Law 14/2013 of 29 December 2013 on urgent measures to adapt Spanish law to the European Union regulations on the supervision and solvency of financial institutions, and the provisions of articles 11.12 and 130 of Companies Tax Act 27/2014 of 27 November 2014 (Ley del Impuesto sobre Sociedades, or “LIS”), at 30 June 2020 the Group has deferred tax assets amounting to €7,441 million (€7,466 million at 31 December 2019), which would comply with the provisions of the aforesaid regulation, so its future recovery is guaranteed through the monetisation mechanisms established in RDL 14/2013 and article 130 of the LIS, mentioned above, taking into account the modifications introduced, for tax periods starting on or after 1 January 2016, by Act 48/2015 of 29 October 2015 on the General State Budget for 2016, although for this purpose a financial contribution regulated by the new Thirteenth Additional Provision of the LIS must be paid. In this regard, the Company expects to pay the financial contribution included in the Thirteenth Additional Provision of the LIS in 2021, in July 2020 having paid the financial contribution corresponding to 2019, which amounted to €96 million. + +Additionally, the future recovery by the Bankia Group of deferred tax assets other than those mentioned above is subject to various time limitations depending on their origin. Thus, a period of 15 years is established for the deductions to encourage the performance of certain activities, with the exception of the deduction for research and development and technological innovation activities, for which the setoff period is 18 years. On the other hand, there is no time limit for the recovery of timing differences, for the setoff of tax losses and for deductions to avoid double taxation. However, in the event that in the future: + +**(i) the Bankia Group does not generate profits (or profits are insufficient) within the period allowed to offset the non-monetizable tax credits; (ii) the companies tax rate is reduced; (iii) errors are detected in the tax assessments made or discrepancies are detected as a result of verification by the Spanish tax authorities that reduce the tax assets or credits; or (iv) there are changes in current legislation or in the way in which it is applied or interpreted, the Bankia Group could be restricted, partially or fully, in the possibility of recovering the amount of these tax assets, in which case there could be a substantial negative impact on the business, results and/or the financial and equity position of the Bankia Group.** + +**Step 7.** + +On 4 September 2020, it was confirmed that [CaixaBank](https://en.wikipedia.org/wiki/CaixaBank) and Bankia are negotiating for a potential merger. The merger would create the biggest domestic bank in Spain with assets of €650 billion.The merger was effective from 26 March 2021. + +And this is how has ended merging with [Caixabank.](https://en.ara.cat/business/bank-bankia-banking-symbol-collapse-spanish-economy-disappears-stock-market_1_3915472.html) + +"In just a few years, Bankia went from being the solution to Spain's banking chaos to being its main problem. Twelve years later, it will disappear swallowed by CaixaBank, in a takeover disguised as a merger; a week later, Rato found out that the prosecution wants him serntences to 83 years in prison in the trial on the possible money laundering that made him leave the IMF and join Bankia." + +Guess who [bought](https://www.ft.com/content/7cb8abae-01e3-11e9-99df-6183d3002ee1) the sale assets of Bankia? **Lone Star Hedge fund.** Who is the Founder & Chairman? [John Patrick Grayken](https://www.forbes.com/sites/nathanvardi/2016/03/01/the-billionaire-banker-in-the-shadows/?sh=613ee2c44a84). Big Short famous [banker](https://www.gov.bm/sites/default/files/SC1007-Kate-R-W-Grayken-v-John-P-Grayken-2010-SC-Bda-33-Civil-5-July-2010.pdf). + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +You can see that this is nothing new and there are countless examples. Bonus one, Florentino Pérez [overinflated](https://www.vozpopuli.com/economia_y_finanzas/empresas/acs-florentino_perez-marcelino_fernandez_verdes-hochtief-bbva_0_673432678.html) ACS stocks to dodge the margin call from BBVA bank when **ACS group** merged with **Hochtief AG.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +\#1 EDIT: 23 April. +Long story short, I had a shit load of debt I preferred to ignore. + +They came after me, I did nothing. + +Eventually I was garnished by court order and the debts were paid off a year ago. + +I had a car loan with an obscene interest rate that I recently paid off (well, insurance did, it got totaled). + +Now I've been getting these offers from Capital One...I have no current lines of credit at all. The only debt I'm still paying off are student loans. + +Should I get a card to have an active line of credit (that I'll barely touch because I don't want to get into the same mess Past Me did)? + + +Edit: Wew, I did not expect this thread to blow up like this. Thank you everyone for your advice. I've double-checked the letters and 2 were from Capital One, and 1 was from Credit One. + +The terms of Credit One's are like what someone else mentioned earlier, interest beginning charge from the posting date of any purchase, immediate $75 charge when opened, etc. I'll be avoiding that one. + +I've applied to Capital One and was approved with a line far bigger than what I was expecting for someone in my situation. I know I have to be careful. My road to recovery begins. +I've just finished the Tony Robbins book 'master the game' and was surprised to learn quite a bit. Although annuities aren't for me, I want to expand my understanding. + + +In what interesting ways have you grown your money? +I can't tell anyone, and yes this is not-humble-at-all-brag but I'm just ecstatic and can't stop smiling. + +Here's how: + +Started a software company at 17 (was in high school). First few years were good (100-250k pre-tax per year). Business really took off over the last 4 years. My last few years were all over $500k pre-tax. It's not all unicorns and roses. I'm the sole earner in the house right now. One of my parents has a disability and sibling too. Just managing all their medical needs takes up lots of time for my other parent (constant appointments, picking up prescriptions etc.). The household gets a net income of 120k per year and the rest stays in the corporation. Out of this 120k, half goes directly to paying off the mortgage, and our family lives off the other 60k (decently high COL area). + +The business is finally at a point where I can comfortably provide for my family and build up assets at the same time, and it's great. I still get worried every now and then because business income isn't fixed and can go up and down every month, but hitting this milestone gives me so much more peace of mind that it'll be alright. + +Here's the breakdown of money: + +* 720k in investments +* 80k emergency fund +* 46k in new car fund (I've always loved cars and would definitely consider myself an enthusiast) +* 154k in day to day expense accounts + +My goal for 2016 was to invest at least 300k, and so far I'm on track to actually reach 400k invested this year. + +I'm so happy I found this place. I've been lurking around for a couple years and it's really helped me nail down a proper plan going forward. This is my go to place when I have breakfast, and it's great :) Thanks for being an awesome community! + +EDIT: Thanks for the gold! I'll do my best to pay it forward :) +Now that I’m handling my money in a more responsible way, I’ve realized I had a pretty significant mindset change that may help some. Two years ago, I had about $200 in my savings and I’d spend my entire paycheck between pay days. Now, I have just under $7k in my savings account and I take what I don’t spend between paydays and add that to my savings. + +What changed for me was the way I purchased things. When I would actually go to buy something, I’d try to find a good deal on something expensive and usually end up spending all of my money on it. I realized just because I had the money in my account to pay for something, doesn’t mean I could actually afford it. + +Now that I’ve started reaching and maintaining my savings goal, I have lots of things I want to buy, but I choose not to because I realize I can’t afford it. +I wrote a comment a few minutes ago on this and felt it deserved its own post. Typically when these deep itm options show up, historically the next day the price tanks. The theory is that they exercise immediately and sell the shares to cause downward pressure on the stock. I’m not sure why the option itself doesn’t create upward pressure, so don’t ask. But I do feel obligated to point out this trend, so expect some dip buying. + +Now the question is why? + +They are scared of computershare imo. And trying to stop any perception that it is working. The key thing to keep in mind is that these naked call options eventually have to be bought back, and they hope to do that after momentum is killed. F - that + +Buy hold register, and if the same deep itm trend shows up that we’ve seen in the past causes a dip tomorrow, buy the dip! They are terrified. + +Kudos to my Man /u/dan_bren whom was tracking this religiously months ago. There were discussions in the comments which helped to identify this trend. We’ll see if they are still doing the same tricks tomorrow. + +Edit 36 minutes into trading - whale teeth for moass during the day? What is going on haha +https://www.dailymail.co.uk/news/article-7856121/Instagram-Forex-trader-Gurvin-Singh-GS3-Trades-scams-1-000-victims-3million.html + +One guy got his dad and sister to invest and has lost £20k. Hope they throw this guy in jail. +Here is something I've been trying to get my head around: + +Company A wants to finance something. It sets a price, and sells shares. These shares do not pay dividends. They have voting rights, but the company still has the majority of the shares. Investors buy these shares with the knowledge that Company A is developing a product that is going to be a hit. Investors know that Company A is going to grow and perform really well in the future. + +Company A releases this product, it's revenues increase, there are great plans for future growth. Investors see this, demand for the stocks rises, and their price rises. People sell stocks because they bought them at a cheap price, and other people buy the stocks with the hope that the stocks will increase in value even more, and that they will be able to sell high. + +**These are the parts of the above scenario that stump me:** + +* Why is there a demand for these stocks at all? It seems to me that the demand is purely tautological--people are buying them only because they know that other people will want to buy them at a higher price, and so on, the cycle continues. Why does this circular path exist in the first place? The stocks don't really have any intrinsic value. Owning a part of the company seems useless if not for this tautological factor. You do not get a share of their profits, your voting rights are essentially useless. + +* Why is there a correlation (or, rather, a cause-and-effect relationship) between growth and good performance, and rising stock prices (increased demand for the stock)? Again, these stocks have no intrinsic value, and I don't see why there is a difference between owning a part of a car wash and owning a part of a Fortune 500 company if you do not get any benefits. If this relationship *is* purely tautological, that means that it was arbitrarily agreed upon informally over time, and the trend stuck. Why did the market agree to *this* relationship, then, and not it's inverse or some other trend? + +I know that I phrased the questions really badly, and I know that they probably have really obvious answers that I'm missing. Thanks in advance for your answers. +I love SCHD, don’t get me wrong. But since it only holds ~100 companies, I want to diversify by adding a similar ETF to my portfolio that holds either, more, or different companies. Does SCHD have similar but different twin? +Just curious really to how everyone have their DRIP set up. Being in the uk I use a trading platform called trading212 which you can have an automatic drip however it’ll spread it evenly over the entire portfolio pie chart. +I tend to usually reinvest either into the same stock that paid me said dividend or towards the stock in my portfolio with the closest ex dividend date. + +What do you prefer to do or does anyone else have a totally different plan? +New here, + +Have a kid on the way, wanted to setup a dividend portfolio so by the time they’re adults they would have a second stream of income...maybe 500 a month put into it... is that something that can happen with dividend investing or is that too low a number? Tried googling just thought I’d ask before I reached out to financial advisors etc + +I understand some basics like slowly increasing dividend over time with solid companies and yields etc + +Thanks! + +Edit: thank you everyone for answering!! Scared and excited at the same time. +Also as an aside I feel blessed to be in a position to be able to save for my kid, I’ll never take it for granted and I’ll be praying that everyone can be in a similar situation as us. +What are the best individual/etf dividend stocks to buy long term and to continuously reinvest in? I’m looking to build a small portfolio between 10-15 stocks/etf and would like to know which are best to continuously buy and reinvest in. Any advice is welcomed! +Take it from me, a former lawyer, this language is nothing but pure CYA legalese, required by the SEC. + +What's the first thing we all do when we learn about a new possible investment? We go take a look at its charts: we check out its past performance. And while that shouldn't be the only thing you do, it's way up there on the list. + +If my position wasn't true, then why don't more people buy brand new issues, like, for example, the three-month old JEPQ? As an example, why doesn't every single person who owns JEPI also own some JEPQ? + +Some people do make that investment, and happily. But the vast majority of us don't because a three-month old investment just doesn't have enough of a track record for us to feel safe with our investment. In other words, most of us don't invest in the brand new investment because it doesn't have a past performance, and therefore, we can't predict future results. + +Discuss! +Recently GameStop told us some 5,200,000 shares have been DRS'd as of October 30th, around $1b worth of shares. + + +I saw some excitement and I saw some negativity in some posts. + + +I think some Apes are worried about us not being able to DRS the float and they really shouldn't be and here's why. + + +While GameStop did their share offering they released some 8,500,000 shares into the market and guess who bought all those up? Retail. + + +Institutions show no large significant changes in their long positions of GME. So it was most definitely retail investors. + + +Retail investors gave the company $1.7B + + +Think about that for a second. We as a group of individual investors who happen to like the same stock invested our own money and gave the company close to $1,700,000,000. + + +In case you forgot the ATM share offerings were completed in April and June of this year, well after the January "sneeze." + + +So no, retail hype did not die down after January. Retail apes did not "forget" about GameStop. We didn't get bored of GameStop. + + +Retail diamond hands only got stronger. We most definitely own the float and the sentiment through the year shows it. + + +Sources below. + +https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program + +https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0 +Today’s dip was fucking delicious but it taught us a few things: + +1.) Remove your fucking stop losses how the fuck does this need to be said. Why are you letting a robot 📄 🙌🏻 for you? + +2.) Half of y’all are fucking gods who bought the dip, and got a damn STEAL on some guaranteed lottery tickets 💰💰💰 + +3.) The other half of y’all weren’t actually waiting on a dip (even though you guys spam it for upvotes like fucking degenerate gremlins) and pussied out when it was time our time to put our NUTS on the hedgies chin. 🌰🌰🌰 + +The actual important shit: + +1.) They are running out of ammo, those drops had fuck all volume behind them. That short attack topped any of the previous attacks, even going back to January. They’re running out of short volume and they know it. We are (for real this time) in the endgame. + +2.) CNBC and other shill outlets are tightly gagged, we are seeing tangibly less coverage across the board than at this far up in the share price a month ago. Only rarely to be released to revel in any tiny downtick of the share price. This is for a reason. Last time everybody was shitting themselves over GME, it was everywhere. And because of this, MANY retail investors hopped on the train and sucked up a lot of volume in a short period, hence the silence now. This is potentially a good thing because it means no influx of uneducated monkeys who know jack shit. + +3.) We need educate new members of this fuck wagon on what is going on. IN THE SIMPLEST TERMS. + +Side note: NEWBIES! YOU’LL KNOW WHEN THE SQUEEZE IS HAPPENING! IT WILL FUCKING SKYROCKET *$5000+ MINIMUM. DONT SELL (unless you have to I know everyone has varying circumstances) DONT BUY UNLESS YOURE READY FOR A HIGH VOLATILITY STOCK. SHIT GOES UP DOWN BACK FORWARD, FUCKING BACKFLIPS. Stop asking stupid shit and hold on + +TLDR; Remove your stop losses. Weaponize the newly born apes. Everything has led to now. The media has sorta fucked off, paper hands are long gone. The shorts have one bullet in the gun and they’re saving it to shoot themselves in the mouth. Hang on and have fun. Love you apes + +I’m not a cat, I’m an ape. +This is not financial advice. +🙌🏻💎🙌🏻💎🙌🏻💎🙌🏻💎🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: ok fuck 5k minimum + +Edit 2: get clickbaited lul. GO SET LIMIT BUYS STOP GIVING AWARDS HAHAHA THANKS BUT FUCK +EOS will be extremely centralised. 21 nodes is a paltry sum. Non-full-nodes will not have any way to do lightweight verification, thus multiplying its degree of centralisation. + +On top of all of this, the 21 full nodes will be delegates, which are voted in. By necessity, this turns consensus into a political process instead of an automated one. One of the practical effects of this is that the delegate nodes will be known/trusted third parties. + +To sum up, EOS will be a trusted third party based ledger. Eliminating the need for trusted third parties was the great breakthrough that Satoshi made in inventing the PoW blockchain, and which Ethereum is putting all this work into to try to replicate with Proof of Stake. + +TTP-based ledgers do not have the high assurance of immutability of permissionless Byzantine fault tolerant ones like Ethereum. Therefore, they're not as attractive for new projects as a platform to launch on. + + +EOS is more like an attempt to create an evolved version of the traditional centralized server-client architecture rather than an attempt to introduce a paradigm shift like Ethereum. + +After two and a half years of liberal arts college in NYC, my parents informed me that they'd been deferring payment instead of making payments to my school. Now I'm not allowed to continue until I pay back about $30,000. The worst part is they have my transcripts locked, so i can't transfer or start over at a cheaper state school. I'm a barista at a local coffee shop, I'm only getting about 25 hrs a week at $6.50 an hour plus tips (usually about $20 a shift). Honestly I have no idea what to do or how to take on this mountain of debt. I'd really like a college degree but now I don't really see it happening. + +Edit:I have a friend in this exact situation, equally as clueless, so count this as advice for two people. + +Edit 2: Thank you guys so much for the advice, I'm looking into a lot of what you guys are saying. I understand I was sort of vague, so to clear up some talking points: I'm currently a barista BACK IN TN. not in NYC. I AM living with my father because idon't make enough to pay rent. It was not a PLUS loan. Also about a year has passed since i found out, wherein I did a lot of things. I'm not lying. K. Thank you. +Misleading title, oops, I still have 2 credit cards with around £600 each to pay off but I have a job paying me £2000 a month hopefully I’ll pay them both off by the end of next month. + +I’m so overwhelmed that I could cry right now, I have £1,600 in my account right now which is more than I’ve had in any given time without having a loan of any sorts. + +My job is difficult, I am working 10 hour shifts, my feet hurt my head hurts but it’s so worth it, the breath of fresh air is incredible. + +No more calls from company’s to pay back stuff, no more emails about my overdraft, no more personal lenders texting me in the middle of the night asking where their money is, this sub has given me a lot of tips I appreciate you all. + +I am currently just paying those credit cards off and building an emergency fund. + +I am still not great at budgeting I’m just not spending money due to corona but it’s all so, so incredible, I’m only 19, the fact that I went through this at a young age rather than when I’m in my 30’s is a absolute blessing, I pray to God that I’m never in a situation again where I’m crying because I couldn’t afford to buy my mum a gift for her birthday, moments like that are so heartbreaking and humbling. + +I thank each and every one of you for your kind words and support through this difficult time, I hope everyone is financially independent one day and debt free. We all deserve happiness we all deserve peace and comfort. + +Stay safe during this pandemic, and work hard so you can one day sit down and just know you don’t have to worry about paying anything off unless it’s a mortgage for your nice house or what you’re going to get your loved ones for their birthday. + +Peace and love to everyone reading this ❤️ + +Update: at work currently, trying my best to reply to everyone :) +# 🚀🚀🚀 🚀The Shell Game IV – TO THE MOON. Shit or get off the pot edition. + +[The Shell Game](https://imgur.com/wKBpPdI) + +#####In [Shell Game I] (https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/): I showed you how FTDs have been mischaracterized as something that can be “reset”. I also taught you how they are representative of a liquidity issue on an underlying security. + +#####In [Shell Game II](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/): I associated the process of arbitration, a way for the MM/AP and ETF Manager to milk profit out of the process of “correcting” the price of the ETF NAV vs the price of the underlying securities, with how the T+2 system can create opportunities for operational shorting. This was important in showing FTDs = A naked short (“phantom share”) created at the time of the FTD. + +#####In [Shell Game III]( https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/): I pointed our sights on the Authorized Participant, who has delta hedged the entire global system into a very precarious position. In this post, I'll turn my gaze to the other side of the coin. + +#🚀In my mission to continue to deconstruct months of inaccuracies regarding FTDs, I will state plainly: + +* ##A FAILURE TO DELIVER IS A NAKED SHORT POSITION AT THE TIME OF THE OCCURRENCE OF THE FTD. + +* ##1 FTD = 1 SHORT POSITION THAT NEEDS TO BE COVERED. + +#####There are two sides to the ETF Creation/Redemption process. + +In Shell II, I linked this website for the apes to visit: +https://www.etf.com/etf-education-center/etf-basics/what-is-the-creationredemption-mechanism?nopaging=1 + +In that post, I identified an opportunity for the Authorized Participant to remove the underlying securities during the creation stage of arbitration. This would be operational shorting where the “bag” lies in the hands of the Authorized Participant, as they should be reflecting a lot of securities within their portfolios. +[However, the Redemption side of the arbitrage process affords the ETF Manager to do the same thing! NOTHING is stopping the ETF Managers from hypothecating their own position, much like an Authorized Participant does, and delta hedge down the chain to put the market in a strangle-hold. /u/atobitt has identified the severity of this decision.](https://imgur.com/7VcAQtI) + +The beauty lies in the fact that it is hypothecated. Because it is all bullshit, we need to start calling it for what it is. I am extremely appreciative that there will be an AMA with Dr. Susanne Trimbarth today (https://www.reddit.com/r/Superstonk/comments/n1bles/new_link_for_dr_trimbath_ama/), because I have some questions of my own that I need answered. And it is time for Gary Gensler and the SEC to really focus their attention on this problem **NOW** before we are delta hedged into a blackhole. + +#🚀 Not All ETFs are made alike. +[ETFs create a liquidity problem in our T+2 system, as my friend /u/LikeJokerDo420 has posted here.](https://www.reddit.com/r/DDintoGME/comments/n0i9tw/the_etf_seesaw_part_1/) +I challenged him in the comments because I feel like they are being painted with too broad of a brush. Yes, the ETF Arbitration process is a problem, and the institution needs to quickly think about how they will work for the future, but not all ETFs are made alike. + +#🚀[Boom.]( https://imgur.com/D2SYhe1)🚀 + +#🚀 It is time, ETF Manager. + +Like in Shell Game III, I am going to go out on a limb here and speak to the ETF Manager directly: + +I have clearly been able to demonstrate that the apes have the capability of seeing your Shell Game for what it is. You understand the game, and I feel like I am getting close to the core of the problem. My 100 shares stand for something more than just Gamestop, at this point. I stand for transparency in the markets and belief in the American Dream. Every second that goes by, firmer and firmer do I stand in my conviction that I like this stock, and that Ryan Cohen is a true friend for all of us who dare dream. On 6/9/2021, I will be standing in the parking lot in Grapevine, at worse, cheering on the company that taught me something about believing in myself. + +I have risen above the psychological damage you and your ilk have caused me and have no fear. + +#[It is time to shit or get off the pot.](https://img.cinemablend.com/filter:scale/cb/d/b/a/3/6/f/dba36f8ad7c76a101d303f2c5c6dbb062732b6f8876df35e110c3d3f12eae3ed.jpg?fw=1200) + +[**Tick. Tock.**]( https://twitter.com/TheRoaringKitty/status/1372556033957187591) + +It is time to cover, ETF Manager. Do not make the same mistake of those from 2008. People are walking out of their jobs left and right this week on social media. You see it right? [The wheels of the economy turn in ways you cannot control completely.](https://www.youtube.com/watch?v=PHe0bXAIuk0) Have courage to do the right thing. You will love what happens on the back end of this. We have big dreams, and we are ready! + +Moon Soon. +If you are feeling suicidal over this you can send me a private message, can help to have someone to talk to in private. + +The reason I am making this post is because I still remember how many people were commiting suicide back in 2018, and I think that we as a community have a responsibility to support each other in a time like this. + +You are the Universe experiencing itself, it would truly be a tragedy for a unique and remarkable expression of this cosmos to commit suicide because of numbers on a screen. + +Your life is far more rare and valuable than any coin. +A little under two years ago, our world and FIRE journey were rocked by my daughter's autism diagnosis. Previous post here: [https://www.reddit.com/r/financialindependence/comments/7ak6w3/fire\_with\_autistic\_child/](https://www.reddit.com/r/financialindependence/comments/7ak6w3/fire_with_autistic_child/) + +Here is our update: + +* We ended up moving to California. I can honestly say the move was one of the most stressful and difficult things we have done but we felt like it was the right thing for our situation. I took and passing the bar. I really enjoy my new job and now make $175K, which is much higher than my prior salary (though the COL is also much higher). +* We lived with my in-laws while we figured out what we were doing with our lives. Not something I thought I'd ever do in my 30's, but it was a necessity for our situation. Sometimes swallowing your pride is necessary. +* We were able to rent our old place and buy a new place in CA. The net effect is that we ended up with an additional rental, which has juiced our savings and FIRE journey. +* We are THRILLED with the services our daughter is getting. She is able to participate in programs which either don't exist in smaller communities or else are not covered by insurance. The level and affordability of care is VERY different from place to place, and we're so happy we decided to move to a place where we could get good care at a price we can afford. +* We just crossed $500K NW, which is much sooner than we thought we would get there. This is a combination of converting our old house to a rental, living with in-laws, and the general rise in real estate/stocks. + +Just wanted to share and let you all know that it is possible to pursue FIRE with a special needs child! +How has being childfree impacted your finances? + +Im a 21 year old male looking into the childfree lifestyle. + +Ever since I was a kid, my parents were horrible with money. I saw them get new cars every year, and we would go shopping every weekend. However, all this spending impacted my life because there were times where my parents wouldnt be able to provide basic necessities such as food. They also fought alot over finances when the divorce happened, and they put me in the middle of all their finances during that time. This has turned me away from wanting a child. + +So my question is, how hard do children impact finances? For background info, Im graduating in 2 years and should be making 6 figures. I also plan to live with a roomate for a long time. I have a goal of retiring by the time im 35. Currently have 35k saved but probably going to graduate with nothing saved since I have to pay for school. +I began trading in mid to late 2021, mostly trading cryptocurrency. + +Since then I have lost a lot of my money, and I’m not seeing a return on my effort despite seeking mentorship etc. + +My investments have actually done well given consideration to market conditions however my trading has been abysmal. + +Any advice? I keep telling myself ‘keep at it and you’ll get it eventually and be able to not only earn the money I’ve lost back but have a skill I can take into the future with me that can serve me’. +I personally bought $20k worth of alts including eth and etc and a bunch of others while they were all pumping hard and I was up almost double and now I'm sitting around break even. Who's taking advantage of these swings ? And what's your strategy ? Tell your story or share how you feel if your in the red at the moment or sold off in a panic + + + + +I posted about a month ago when my father (66) initially had his stroke. Thank you all for your input. Since he has many complications (chronic kidney disease, diabetes, high blood pressure) and is still having more strokes, it is becoming very real that he will be passing soon. We have been thankful to have my aunt and grandmother helping financially with some bills but this will not be long term. + +I understand as his child I don’t take on any debt and honestly want nothing to do with this shit. I am kinda financially secure - paid off car and credit cards last year and only have student loan debt. POA was not an option because he could never sign or speak. I will consult with a lawyer to understand things more too. I am located in Pennsylvania. + +I am trying to understand the pieces for my bipolar mother who is a stay at home mother for my whole life (27). My mother is going to be in a rude awakening soon… Her whole life depended on him. My brother (31) depended on him for everything too. Yes, these debts are a mess. He was a real estate agent who believed in not paying In property taxes, paying bare minimum on bills and living outside his means. He was verbally abused by my mother. I feel terrible for him. He made only one closing since start of this year.. I also understand these were his financial decisions I just wish he asked for help instead of hid + +Debts: + +Credit cards and collections: these are not in my moms name and I am assuming not her problem. + +High utility bills: these are not in her name and these are the big concern if they go in her name. Can they close out these accounts and open fresh in her name? She does have good credit. + +Electricity- ~$11,000 (yes this is real.) He owed $7,000 on his main house with my mom and $4,000 on the rental that my brother is living rent free. They closed the rental account(my brother open a new account in his name) in February and combined everything when I accidentally paid the rental account not the main residence online to prevent shut off. They would not separate the account for when I was trying to set up payment arrangement. They were firm that this is the last payment arrangement because he failed so many previous ones. (Throwing $100, $200 at it)They want $500 initially and $805 plus current charges for arrangement. + +Gas - ~$3,000 ($720 payment arrangement) + +Water - ~$1,000 ($350 payment arrangement/ it’s a quarterly bill) + +Property taxes - 3 properties owning thousands and thousands. I don’t have exact amount. No mortgages. + +1 property is main residence in my dad and grandmas name. + +2 properties are rentals in both their names -1 rental my brother is living in rent free. I know he needs to get kicked out. The school and municipality are suing) +-1 rental is rented out and tenant is paying rent. That one can potentially go for sheriff sale. Paralegal sent documents for unpaid county taxes and giving until May 20th to start payment arrangement + +Medical bills - pending insurance. His regular plan out of pocket max is $7,000. That is being terminated today and Medicare part A is kicking in. I am assuming this is not transferring to my mom. + +[Adding that my sister (17 now) is living with my mother. She has a job and saved up quite a bit but I don’t want her to start paying for things. + +My brother and mother hate each other too so moving them in together is not a good option. My father basically kept him out of jail. He has a huge drug and alcohol problem] + + +He has no retirement and saving. He has no will. SSI payout may be $1,070. My mom is 62 and I’m under the impression she can get his SSI until 65? + +Yes, I am living a nightmare and no I’m not ok. Yes I see a therapist. My work is extremely understanding. I have like 25 days of sick time accrued. I have a feeling I will need to take FMLA to help sort this. Thank you for reading I’m sorry this is a bit of a mess. +Yes this is autistic.. but I lost 1k and I file as a dependent under my parents and I made less than 6k last year. Do I have to file? Need to hide it from them or my ass gonna be whooped. + +Edit: made the 5k from a part time job +Also what if I have Down's instead of autism +Omg people, you guys suck. + + +I did everything I was supposed to do: + +I bought GME at 42$ bucks, then I held for a good period of time and while I held, I DCA'ed up to an average of 162$. I sold some over 200$, so my average purchase price is misleading. BUT I am slightly annoyed at the fact that I am not a billionaire by now. + +I should be shooting pool with the sticks of the other billionaires. In fact, they should be shooting pool with my stick, and they should be doing it over and over again - back and forth. I would have invited WSB retards to sit and watch by luring them in with empty promises of cheap whores and free fried chicken tendies. I joined WSB over a year ago and am not a billionaire yet! Can you believe that!? + + + +TLDR: It's all your fault. You made me this way, I should have been a billionaire, because I have a horde of GME shares and joined WSB over a year ago. + +Have a great weekend fuckers, and buy GME, so I can become a billionaire. + +P.s. Admin: Suck my dick you ban-horny fucker +You can use this **[chart](https://i.imgur.com/YpXfihb.png)** to determine where you stand in terms of wealth compared to others in the US. (Should be a bit more useful than comparing only 401K accounts.) + +**Age (head)**|Average Wealth|99% (2013)|**90%**|80%|70%|60%|**50% (Median)**|40%|30%|20%|10%| +:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:| +**All**||$10374K|**$1182K**|$499K|$280K|$170K|**$97K**|$49K|$19K|$5K|$-1K| +**18-24**|$94K|$388K|**$66K**|$23K|$13K|$9K|**$4K**|$1K|$0K|$-6K|$-21K| +**25-29**|$40K|$594K|**$106K**|$59K|$34K|$16K|**$9K**|$4K|$0K|$-10K|$-34K| +**30-34**|$95K|$1373K|**$256K**|$140K|$82K|$55K|**$30K**|$15K|$5K|$0K|$-23K| +**35-39**|$258K|$2814K|**$365K**|$210K|$108K|$71K|**$40K**|$20K|$10K|$1K|$-8K| +**40-44**|$317K|$7282K|**$690K**|$370K|$212K|$135K|**$89K**|$46K|$16K|$4K|$-5K| +**45-49**|$599K|$5216K|**$1140K**|$562K|$293K|$182K|**$105K**|$57K|$23K|$8K|$-1K| +**50-54**|$839K|$7222K|**$1166K**|$561K|$344K|$224K|**$144K**|$89K|$38K|$9K|$0K| +**55-59**|$1150K|$10814K|**$2243K**|$854K|$420K|$274K|**$174K**|$101K|$42K|$11K|$0K| +**60-64**|$1180K||**$1958K**|$1001K|$540K|$362K|**$226K**|$130K|$77K|$24K|$4K| +**65+**|$1070K||**$2008K**|$928K|$539K|$361K|**$241K**|$163K|$94K|$39K|$6K​| + +The net worth includes all accounts (savings, investments, equity in the primary home, debt, etc) + +Data was compiled from the 2016 US Federal Bank Reserve's SCF via: + +- https://dqydj.com/net-worth-by-age-calculator-united-states/ +- https://www.shnugi.com/networth-percentile-calculator/ +- https://dqydj.com/the-net-worth-of-different-age-groups-in-america/ + +Edit: Table formatting (trying to make it fit) +I would appreciate it if anyone can recommend a handful of stocks that are less than $50 or so because I only have 3-4k cash to use on a PMCC. + +I also heard that it is better to use dividend payers for PMCCs because they are more stable so I wouldn't have to worry about getting assigned on the CCs (although the CCs would have to be ATM because OTM premiums are not worth it). I don't know how true that is but I would appreciate some insight and help. + +Edit: I don’t mind using PMCC on non dividend paying stocks. That was just something I read somewhere. + +What do you all think about PLTR and TWTR? Low IV and bullish future. +First off, happy holidays everyone! I’m sure as we move into the new year most of us are thinking about some new positions to get into. I’ve never personally owned a Leap and I think I want to take the leap and buy one. I’m thinking apple 100c for jan 2024 for about 8,000 dollars. Is this a safe move after such a large Rally this year? What companies are you folks buying leaps on this year? Would love some opinions! +I bought a CLNE 24c 12/17 and have been selling PMCCs on it, currently short 1ea. 30c 6/18 and now CLNE has run up considerably so I’m wondering what the most profitable move would be next. Obviously both my long and short calls will go up tomorrow and if I close both contracts I will still have made money but what is the best strategy? Roll the short call maybe? But how would I do that without realizing a loss? Be easy on me I’m trying to learn lol. Thanks. +no genuine and realistic risk of going to zero, as with individuals companies thats very real. Very high premiums, especially juicy Covered calls premium incase being assigned, cheap price and fairly predictable price movement patterns, or atleast more so than stocks that regardless track the market but will go to zero in a blink. Worst case scenario, you have a bag that tracks nasdaq times 3. +Just curious, I think I ran into this somewhere, but of course I cannot find it. + +I have been targeting 30 delta for my CSP writes, but on a SPY write I did at EOD today, I instead targeted 1% return. SPY closed about $451. + +A 30 delta May 20 strike was at $436, premium \~$6.76 (1.5%) + +A $423 May 20 strike premium was \~$4.62 (1.02%) + +I went with the $423 strike. Only because I still am gun shy about CSPs on SPY. + +But I am wondering if anyone does it that way...instead of looking at delta, you are more looking at hitting a target percent on the premium. + +Obviously where the 1% is in relation to the 30 delta depends on a number of factors. Pretty much everything I write on if I targeted 1%, it would allow me to write 1 to many strikes lower than a 30 delta. I assume as IV drops, the reverse could happen as well. + +I understand I am giving up premium for more buffer, and I would probably be willing to do that. + +Thanks. +My identical twin brother and I both moved to Aus from NZ. He has a wife, 2 daughters and a mortgage in southern NSW. I rent in Sydney. + +Today he discovered that my two credit cards were showing on his credit score and we've since found out that his mortgage is showing on my credit score. Somehow, some way someone had gotten us mixed up. + +It's probably a mix up at the credit agency point of contact, but are there any additional checks I can do to ensure my brother and mines finances and credit are completely seperate? + +Hopefully, I'm not breaking rule 5 and I know I'm missing a lot of info here but truthfully I'm lost and don't know what questions to ask or where to ask them. +Is there a financial incentive for companies to pay more to their employees in super as opposed to their standard salary? Why would you as an employee want say an extra 5k in super compared to 5k in salary? +The people you’re communicating with when your chat starts: they’re low paid, cubicle monkeys who work off of a literal click-for-next-screen type of system to answer your questions. They’re call center employees, not some suit-and-tie with years of schooling and experience. The person who starts the chat with you probably knows less about the market and brokerage structure than apes do at this point. They aren’t subject matter experts + + +I’ve gotta get this off my chest — 999 out of 1000 times, any incorrect info you get from a chat is not nefarious. There isn’t some deep-seated puppet master doling out misinformation daily to apes. There’s just a (likely) marginally interested cubicle worker trying to help you and move on to the next chat window. They have quotas to hit and they don’t want to have to escalate issues because too many escalations and they get a talking to from their boss about not being able to do their job effectively + + +I know we all like them internet points and chat screenshots are fish-in-a-barrel easy, but y’all gotta chill out. These chat reps aren’t out to get ya; they’re just trying to earn a paycheck like most apes. If they were subject matter experts like some of you expect them to be, they wouldn’t be manning phone banks and chat windows — they’d be putting their expertise to use outside of the call center + + +Just loosen your tinfoil when you open the chat window and recognize that on the other side of the conversation is someone doing their best to help you, motivated by not wanting to lose their paycheck or get written up by their boss just like you + + +Sincerely, an ape who has been in call center environments at collections and banking firms and is tired of this “nefarious chat rep” charade +Hi guys, + +A couple of weeks ago I made a post warning people about a possible major drop caused by huge amounts of out of the money (OTM) Puts that were right underneath our price back then, in an attempt by shorts to start the incoming run that was/still is supposed to start this week at a price as low as possible. Neither of those events happened and now we're dropping like a brick. Let's take a look at what happened, and what is happening right now. + +1. **We didn't drop into this week, why?** Every single day for the past almost three weeks somebody on the floor of the Philadelphia exchange (FYI home of Susquehana, not saying it's them) has been buying millions worth of deep in the money (dITM) Calls and immediately exercised them, effectively forcing the Market Maker (our options MM is Wolverine, Citadel is the MM for shares only) to buy shares from the market. This is the first time we've seen this happening in the last 16 months, but it has effectively propped the price. It's not clear why they were doing that, there are many possibilities and until more data or events come I can only speculate if you ask. +2. **Why are we dropping now?** It's the damned MM! On June 17th (OpEx day) we opened at 126.86 (almost the low of the day), and closed at 135.14, almost the high of the day. This has put a lot of Calls ITM. Part of the options MMs job is to hedge the contracts they're selling, so we were supposed to have a ton of Gamma Exposure (GEX) this week, if nothing else. This would have pushed the price way higher than we ever reached, getting even more Calls ITM that would have needed to be hedged, and again and again... and, you know, that's how Gamma Squeezes start. But lo and behold, the MM didn't hedge anything. And it's not just GME, it's true for the whole market! If you look at the SPY volume for the week, it's the tiniest since the end of December, when it should have been one of the largest! The MMs FINRA deadline to cover GEX (due to the holiday on Monday) is the opening bell of Monday the 27th. **But here's the catch**: if they crush the price now under their GEX price levels, than they don't have to cover shit! In addition all the weekly and short term Calls bought by 2xU SB degenerates are 100% free premium money! THIS is what is happening now, and if there's any GEX left to cover they could do it end of day today or in after hours or pre-market Monday, but it would be far less ample in magnitude, and it could drop right back down before the market even opens next week. +3. **How are they crushing the price?** They bought a shitload of Puts on XRT a couple of minutes before we started to drop. Gotta love those ETFs, huh? +4. **Where is the OpEx run?** First of all, the day is not over, it could still run. If it halts into close, they defer their dues for Monday. Second, this question is the hardest to answer and for the time being only **speculation**, more data is needed. We know that shorts have huge obligations to cover and deadlines to do that on. The most plausible possibility right now is that given that FINRA has a large number of deferral reasons, one would be Low Liquidity (we are quite illiquid indeed), and another could be the Monday holiday. I could make a post about the more definitive answer IF you guys want it AND if I actually learn a probable one. + +Final note: for the previous post, thanks/due to personal reasons, I had a lot of spare time and I tried to answer as many questions as possible for many hours. This is not the case now, and if this post takes off I'll have little to no time today to do that. Please post whatever you want to ask me, and I'll do my best to answer during the weekend. Cheers! + +Edit 1: Concerning **point 4**, fort he Feb OpEx, we also had a holiday, and a 30 day deferral to the March run, that's a good lead for more digging! +Washington rushed to pump the American economy with emergency-style medicine in recent years -- even though there was no emergency in sight. Now, there really is a national emergency. And there's a growing realization that Washington blew through a chunk of its recession-fighting ammo long before it was needed. + +https://www.cnn.com/2020/03/18/business/recession-deficit-federal-reserve-coronavirus/index.html +Hi guys, allow me to share my story. + +I'm 37. Asian male. Single. Ex-SWE + +During the peak of the 2021, I became a millionaire. I went all in with my 300k on TSLA in beginning of 2020, and it ended up shoot up to 1.5mil at the peak. Overnight, I became a millionaire without doing much other than clicking a few things in my browser. That gave me confidence. That gave me thinking that I am the shit. I quit my job since I actually never liked SWE, and said I'm gonna do my on thing. I started dabbling in C and put majority of my winnings there. + +Then it dropped by 60% during the recent crashes. I still had around 400k in C, and I basically stopped trading at a point and put all of that into USDC. Only that it was all in FTX and now I can't draw them out. + +I don't know what's gonna happen, but right now I'm sitting at 10k liquid in my bank. I thought I was a confidence millionaire, and all the sudden things went upside down. + +This is scary. All the sudden, things just went to 0. Everything I had worked for suddenly came crumbling down. + +So I went from being a confident millionaire to a terrified crybaby. I don't know what's gonna happen, but this is where I am now. + +Everything -- gone, just like that. + +I wanna say im fine, but its slowly settling in on me. + +But someone dawned on me. A realization. An epiphany. + +The way I had been going with my life is entirely backwards. I viewed money as important, but in the end it isn't. When I became a millionaire, I thought it'd be world changing. It isn't. I wasn't any different, but having the lottery money gave me some confidence, and I ran with it. But now, gone with the crashes of 2022. I'm now jobless, savingless, and the prospects for finding a SWE job seems daunting amongst layoffs. + +It just showed me how wrong I've been living life. Completely backwards. I never liked SWE and just did it for the money. With that money I invested into stocks and C, and did well. With that money, I upgrade my life, my tastes, etc. But deep down I wasn't happy nor fulfilled. + +This all made me realize that I've been building my life on sand, and it's all been an illusion. Money, better life, upgrades, all these external things are just an illusion. Why was I chasing after all these? How did I end up in this mess? + +And, for the first time in a long time, I prayed. Surrendering myself, and prayed. + +And strangely enough, I don't feel so bad anymore. + +All these external things -- chasing after money, luxury, materialism -- really don't mean much anymore. These are the wrong metrics to evaluate my life. And letting these go, freed me from the weight of thinking about them. + +From now, the metric I go by is how much I am helping others with my heart and skills. Doing this really makes me feel fulfilled. + +I have recently been dabbling with creators, and I completed a writing cohort and I've been helping out here and there. I feel very alive and fulfilled doing so. + +So now I want to measure myself by how much I am helping others, building the **social credit or goodwill**, as the currency. I am going to give more than I take. I'm letting go of the obsession w/ money, and instead of focusing on helping ppl with my unique talents. + +I am not scared of my future, because I know this new path is a more fulfilling one to embark on. + +\--- + +If you are impacted by these market meltdowns, i hope this message finds you and may be of help for you. These are true tests to see who you really are + +&#x200B; + +=== + +Update 1 --a) I'm getting a lot of DMs from ppl who reached out and gave me a lot of supportive and positivity. I am truly grateful for you guys in times like this. My faith in humanity is truly restored. 1 redditor actually took me out in NYC and bought me dinner. Thank You. + +b) as much as how bad this event is, I'm actually am ok. I do have some savings left to keep me afloat for while, and I have family and friends who can support me in different ways. Also, I am actually working a side project that I am very passionate about -- have been working on it for a few months, and it definitely takes my mind off of all this craziness. This just showed me that working on what i'm passionate about and trying to build a biz out of it is more fulfilling, and all the degen speculations don't mean much to me. + +c) What's done is done, theres no point in ruminating about it so all we can do is to move on. Of course getting swept by these tsunami sucks, and it's really out of my control and I dont know how the future is going to play out. So I'm just gonna completely move on and focus on my project. + +d) in times like this, we all can be better and support each other. Some of you redditors gave me support + positivity that I couldn't get in real life, so thank you. + +e) SBF and these crooks destroyed our trust and faith in humanity, But lets not let that define us. Let's restore faith in humanity together and make a comeback together. + +f) I admit i suck at all these trading/investing/speculating things -- it's too complicated and I don't have the passion to study/master it like some the guys here in WSB. So admit I got lucky w/ TSLA and am retarded w/ how I am managing my portfolio. Better to work on things I care about and can get gud at. + +\--- + +Update 2: If anyone cares, I'm going to write about my exp w/ FTX and how I am dealing with it. If you are interested, you can follow my [newsletter here](https://theworthypath.substack.com/) where i'm writing about my explorations +Do I have to wait until I have the money to buy 1 bitcoin to have true ownership over it(once moved to a wallet)? + +Or + +Can I buy fractions of bitcoin e.g. I buy 1/2 of a bitcoin and own that fraction that I just bought and move it to a wallet? + +If so where is the best place to do so? +Hi everyone. + +With the increase of renewable energy power systems are gonna face an interesting problem: negative price. + +Negative price is the situation where there is a non flexible demand and a strong non flexible offer. + +In other words, it is becoming very common situation in which the production from renewable is high and at the same time conventional resources like nuclear power or gas power are kept on because the cost of temporary shutting down plants is costly. + +This is a global problem. Countries around the world have been or are gonna be experienced. + +Storage ti offset the grid when there is excess of production can be the solution. + +Any idea about stocks in this field? Only SIEMENS? +Edit: Didn’t expect all these responses, but the thread is going off the rails lol. I am not asking what vehicle I should buy, I know exactly what I’d get and what they go for. My question is just that I don’t know how to save up for that with the cost of fuel, and I have no buffer if I sell my truck before buying. + +I got a new job with a trades union as an apprentice. Because of this, I start off at 60% of the regular rate and it increases after completing hours (by working). + +400 hours = 80%, 800 hours = 90%, 1200 hours = 100%. + +I'm at $26/hour (60% of $43) But the commute is 1:15 one way and I drive a pickup truck (never worked further than 15 mins away from home lol). It's about $120 to fill, I fill up 2 times a week - sometimes 3, and so $240 (MINIMUM) is $960 after a month, + +Bit of a catch 22. I make enough to afford the commute and eventually it will barely matter, but $1,000/month is seriously cutting into my budget to get a more fuel efficient beater ASAP ($2,000 - $3,000) and being able to keep a lot more of my paycheck (an additional $500?). + +My truck is worth $5,000 - $8,000 but I would have no vehicle as a "buffer" while shopping if I got rid of it, and I still need a pick up for other things. + +I really have no savings, just $3,000 in an RRSP (Canadian equivalent to 401K) and I'm taxed 10% on what I withdraw. + +Any advice? Thanks. +Just want some cool original shit to hang up that isn't Live Laugh Love or a Kmart poster. I don't care for how famous the artist is / will be or if some pretentious wanker has told me it's good or not. Would be nice to support broke passionate artists but not fussed. + +Bonus points if it's some weird nudity shit that I can make guests uncomfortable with. +I've just signed a new contract with work. Was earning around $140k / yr, will now be earning $215k /yr (+ super). I work in tech as a software engineer. + +Apologies if these are super basic questions; up until 2017 I never earned more than $60k a year (and before 2014 I was on about $20k a year / grew up poor / have no financial mentors or anyone I know that I can really ask). I do have an accountant who has given me some advice and helped me set up my PTY LTD company, but he's AWOL at the moment and I don't know what I'm doing. + + +**Key things to note:** + +- I'm a contractor, working in this job 4 days a week. +- I work on few other startup projects during my other 3 days a week +- Have been earning $140k/yr (+ super) for the past year. Have just been upped to $215k (+ super) +- I bill under a PTY LTD, of which I'm the director. I pay myself $3-4k / mo to cover living expenses +- The rest of the money I keep in my business account, which I use for marketing and development of my own projects. There's about $30k in that business account at the moment.- In my personal accounts I have about $40k in savings at present. +- I don't have private health insurance +- Am 31, single, Male, living in Melbourne, no kids, no major health concerns etc. +- Debts: I don't own a home or a car. I have a small HECS debt remaining (maybe $10k?). +- Expenses: I pay about $2k/mo in rent and have about $1.5k/mo in living expenses. +- Credits: I'm invoicing for $12k/mo at the moment, and that will go up to about $18k/mo as of this month. I also collect GST. + +**My questions are:** + +- My contract work is paid to my company and I pay corporate tax (28% or something?). When I pay myself from that company, do I also pay personal income tax? Am I essentially paying tax twice here? (this is a new setup and I haven't done a BAS statement yet) +- I have very little in my super. $24k as of March 2019. As I've not bought a house yet, and have a fair chunk of cash coming in, what's the best way to voluntarily contribute to my super? And how do I do this, do I just get the (UniSuper) super's bank deets and transfer cash to them? +- Does the PTY LTD -> paying myself as an employee structure make sense here? I have no issue with paying the tax that I owe (will be around $50k this year and $90k next financial year IIRC), I just don't know the best way to structure my finances. +- I think there's a medicare levy I'll have to pay if I don't have private health insurance. I can pay ~$1k / yr for private health insurance to avoid the levy, but it feels like that insurance is crappy and doesn't really cover anything much. Is it generally good advice to not bother if you're single and in good health? In the past 4 years my only medical concern is maybe $3k in dental work (a crown and a buncha re-doing of old fillings) and the costs of insurance haven't felt worth it for me. +- In just a few years I've gone from the very lowest tax bracket to the highest (I think?), and I have NO IDEA what you're meant to do with money, what I'm meant to do with savings, how to save for a house deposit etc. Any general, non-jokey advice (if there is any?) on "what do to if you earn more than $200k" would be GREATLY appreciated, this is a huge income jump for me and I feel quite lost. +- Is there a special type of accountant I should be looking for? + +If any of these questions break the rules please let me know and I'll remove them. +So I'm new to coding and been trading fx for about 3 years. I just finished a moving average crossover bot. +It simply takes a sell order if the EMA 10 crosses below the SMA 20. And a buy order when the EMA 10 crosses below the EMA 20. Open positions close when the opposite signal hits. I've only using this on the EURUSD 4H chart to test. Its been six weeks and I'm up 200%. Since I'm new to coding I have no idea how to backtest so I just gave the thing 50 USD to and now it's at around 165 USD. Does anyone have any recommendations or thoughts that might help going forward? +Here's some insight into Warren Buffett's selloff of Delta Airlines (DAL) and Southwest Airlines (LUV). The backing away from airline stocks marks something of a reversal for Warren Buffett. The investor bought more Delta stock several weeks ago. Buffett told Yahoo Finance less than a month ago that "I won't be selling airline stocks." Why did Buffett sell so many shares of DAL and LUV yesterday? Thoughts below: + +1. Warren Buffett reduced his ownership of DAL and LUV to under 10%, so he does not need to report every trade he makes. Prior to this sale, Buffett owned over 10% of DAL and LUV. Because of his significant ownership in the companies, he needs to report every move he makes to the SEC. With his ownership reduced to <10%, Buffett can buy and sell DAL and LUV without needing to report it until the end of the quarter. Now his airline stakes are all <10%. + +2. Buffett is NOT selling DAL for cash to invest elsewhere. Berkshire Hathaway is currently sitting on $128B in cash. Buffett has plenty of ammunition to buy any stock he likes. Therefore, his move to sell DAL and LUV is NOT to free up money to purchase other stocks. + +3. Buffett may be about to make a dramatic move as airlines have ~3 months without government aid until it runs out of cash. We will use DAL as a representation of the airline industry. Accounting for cash and cash equivalents and credit withdrawal only, DAL only has 3 months of cash left given its CEO reported the company is burning through $60M per day. Of course, this is not accounting for government support, other current assets, and cost cutting (e.g., furloughing employees). With these measures, DAL may have a few months above water. Given the situation that DAL is in, Buffett is likely about to make a dramatic move - either sell off his remaining airline positions or purchase 100% shares of an airline company. + +Here are three things Buffett may be doing in order of likelihood: + +1. High Likelihood: Buffett is simply trimming his positions so they are under 10% stake. Buffett has mentioned several times that he likes to own less than 10% stake for reporting reasons, specifically in regards to airline stocks. He may have just trimmed his stake to <10% and plan on holding there. + +2. Moderate Likelihood: Buffett is reducing stakes in DAL and LUV as it plans to acquire and competitor airline. Prior to Buffett's acquisition of Burlington Northern Santa Fe (BNSF) railway, he scaled down his position in Union Pacific (UNP) and Norfolk Southern (NSC) railways about a year before his purchase of BNSF. If Buffett is thinking about purchasing an airline, which he has contemplated in the past, he may be targeting American Airlines, which he currently owns the largest stake in (10%). Keep in mind that before he extended a tender offer to BNSF, he owned 17% of the company. Finally, Buffett already owns NetJets, the world's largest private jet company. + +3. Low Likelihood: Buffett reduced his shares to <10% so he does not need to report his complete exit from airlines. There is speculation that Buffett is reducing his stake to under 10% so he can exit airlines completely without needing to report his trades. We believe this is unlikely because Buffett's mantra is "be greedy when others are fearful". Airlines are not going anywhere as the U.S. is one of the most globalized nations. The only reason why Buffett may be selling is if he fears the government stake in airlines will be at a significantly reduced price. With this said, he may as well just buy the airline at that point to not sell at a complete loss. +It seems that historically the market crashes every 10-20 years, with minor bubbles in between. 87,2001,2008. + +Unfortunately during the last crash I was just getting out of college and looking for work so I had no money to invest. Since then I have invested successfully in a few companies as well as made a few bad decisions. Nothing apocalyptic but I'd be lying if I said my results were fantastic. + +Right now I would say I have maybe 35% of my cash invested. The rest is making pretty much nothing which I realize is bad. However, going on my current belief that much of the market appears to be overvalued (I concede I may be wrong) would it make sense to hold off on some investments until another crash happens? + +Looking back on 2008-2009. Picking up almost any major stock around 2010 would have at least doubled if not quintupled your money. But if say had invested in 2006 then most of those gains would have just been coming back to even. I guess I don't want to get in a situation where I am investing at the peak, but I also realize I may be leaving profit and gains on the table right now. + +If anyone has any good suggestions/criticisms or articles to read on any strategy let me know. If this was colossally misinformed, well fuck. My bad. +Curious on the school pathway most of you took to get to this level of success. + +1) Private or public high school + +2) College + +3) Graduate or Professional degrees? + +Edit: + +4) NW if you would like to share +Hi everyone, + +My partner (25M) and I (24F) are a young couple on the path to hopefully fatFIRE in 15 years with current net worth of about 2mil. Our annual income is around $700k. As of now, we're based out of NYC and absolutely love the city -- we plan on living here until we want to settle down long term with kids. + +However, we both grew up in Midwest suburbs with backyards and lots of green space/nature. I personally have no desire to move back to the Midwest due to my love for being near a city and diversity/quality of people. However, we cannot see ourselves raising our children on the Upper West Side or Brooklyn in NYC and have a desire to have a house/move to a suburb near a big city. We've bounced around the idea of being in a CA suburb but have heard subpar things about SF. We've also thought about Seattle for the nature, but the winters seem brutal with no sunlight... + +The question I have for all of you: **If cost of living were not a problem, where would y'all live long-term (ideally in US)?** +So I divorced about 10 years ago, he kept the home and from what I remember he was supposed to remove my name from the title after that. We’ve remained amicable and I never worried about it. Fast forward to about two years ago when he didn’t change his mortgage draft info when a new company bought his mortgage out and he got behind. I found out because I was served about it. He was able to negotiate adding the missed payments to the end of the mortgage. +My name is still on the Deed? Mortgage? +I’ve always thought it was sweet that he doesn’t really want to remove my name (he’s also a little slack with details) and I think he expects that if he dies, it’ll go back to me. We are 55/60 and not remarried. +Is there something I need to worry about on this? + +*** UPDATE +I looked at the public records and I am still listed after the event of being served and he renegotiated terms. So, I guess I own a house. I don’t mind and want to help him keep the home. It’s my kid’s home after all. I don’t mind being on the hook of it. I moved into my parents home after the divorce and I don’t have any other home/mortgage. I guess I need an attorney. My first thought is taking out life insurance on him so that the debt is covered if he were to die. +I am here to ask the question to the now full time trader's how you made the switch from a job to even attempt to trade. I am currently working from 6am to 4pm and find myself no time to get my feet wet in the market. Did you save up a years worth of expenses, or if possible cut down the expenses as much as possible and make money on the side, other than trading? any other advice would be greatly appreciated. Thanks! +Throughout 2022, the Bank of Canada and Federal Reserve have more or less moved in lock step concerning their benchmark interest rate. + +&#x200B; + +However, when I look at the two countries' yield curves, I notice that they diverge (US yields are 40-80 bps higher for 2+ year maturities. The 10y delta is 60 bp). + +&#x200B; + +I'm sure that there are a lot of factors at play, but I am trying to understand the market / macro / other dynamics that produce a situation like this. +People who are doing/finished their Econ PhDs: would love your insight as to what math/stats courses you would recommend for master's students. I'm an econ master's student (University of Toronto) at the moment, with minimal statistics and maths training from undergrad. I want to know what courses you feel look good for PhD applicants (i.e. real analysis? multivariate calculus?)... I'm too scared to take them at the graduate level, but honestly, I need to give a good signal to those US PhD programs +1. At the time that Ricardo (1772-1823) coined "rent", did "rent" already signify Modern English's lay meaning of 'rent' (tenant's regular payment to a landlord for the use of property or land)? How prevalent was this ordinary meaning? + +2. If so, why did Ricardo still coin "rent" and beget this ambiguity? To avoid ambiguity, why didn't he employ a different term to signify to mean Marginal Product — Opportunity Cost? Undeniably, this economics meaning of "rent" confuses laypeople. + +[Rent Seeking - Econlib](https://www.econlib.org/library/Enc/RentSeeking.html) + +> But why do economists use the term “rent”? Unfortunately, there is no good reason. [David Ricardo](https://www.econlib.org/library/Enc/bios/Ricardo.html) introduced the term “rent” in economics. It means the payment to a factor of production in excess of what is required to keep that factor in its present use. So, for example, if I am paid \$150,000 in my current job but I would stay in that job for any salary over \$130,000, I am making \$20,000 in rent. +Thats what i dont get in my micro economics course. Why does it need to equal, wont it give more profit at a point where MR is more than MC? If it equals thats a breakeven as far as i know. + +edit: THANKS ALL for the responses! +I'm a software engineer/"data" "scientist" who uses model fitting every day and I'm curious how the way "data" "scientists" approach modeling data differs from the way economists approach it. What are some recent papers I should read to get a feel for how economists go from data to something that has predictive power? +Why do individuals list their used cars for more than they expect the buyer to agree to pay? + +(As is always implied: Of do they?) + +Why do they haggle, and what are the economic principles at play here? + +Why shouldn't I simply list my car for what I think it's worth? +Also, if we mimicked another countries (say Germany or France's) healthcare system including all laws/regulations, would we have the same costs and health outcomes? + + +This last question might be too complicated to answer, but which country has the best healthcare system has the best outcomes for the lowest costs? +I have read some of his books, watched countless lectures. I am wondering from a contemporary economics perspective, what are some views Milton Friedman espoused that are now known to be flawed or wrong? + +Particularly regarding this staunch support of free trade, the Federal Reserve, and government subsidies? +Hi, I’m a senior high school student, looking for the major that suits her best. Economics has been a huge interest of mine since junior year. As I think of a major now, I’m contemplating Economics as major. I want financial stability in life, and having read that Economics isn’t the major that guarantees me a job after graduation from university, I thought it would be best to get professional opinion on this. + +I want a high-paying job (preferably a high starting salary). I’m thinking of double majoring in Economics and Political Science or Finance, but I remain unsure if that’s the path I want. + +Just please let me know the pros and cons of this major, and if it is true that I wouldn’t find a job. +I just read an article about the inflation rate in turkey and have a question regarding the interest rates. + +Erdogan has appointed his son in law as turkish finance minister. Erdogan named high interest rates "evil" and did start to lower them to seemingly grow the economy. + +But wont the low interest rates just make more money flow into the economy, thus increasing the inflation even more? + +Many turkish citizens have debt and are struggling to pay it off, and the consumption of goods is decreasing. + +I found this article from reuters last month, and just wanted to ask if i am wrong with my question or what else is behind Erdogans monetary policy. + +Link to the article: + +https://www.reuters.com/article/us-turkey-currency/turkish-lira-hits-record-low-after-erdogan-interest-rate-comments-idUSKBN1K20UQ +I hate to bring down the tone of this sub but I'm past curious on who, if anyone is correct? - I'm a beginner to economics but I'm interested to get you guys' point of view. + +&#x200B; + +edit: imgur thumbnail doesnt show whole picture - be sure to click the link! + +[https://imgur.com/a/dl6dFJ4](https://imgur.com/a/dl6dFJ4) +I have heard that central banks try to keep prices of a bunch of everyday stuff close to 2% increase on average. (Cpi index). + + +My first question is why? Is it not better to let the markets work and make the price go up if theres a shortage and down when theres increase in efficiency etc? + +Second question. Why is the new money not evenly distributed among all citizens but rather going to banks and rich people first while decreasing the purchasing power of the rest? + +If the goal is to change the prices of everyday goods, wouldnt it be better to lend the new money primarily to poor and average people who are more likely to spend it on everyday goods? On the other hands if the money is lended to rich people and institutions, they already have enough basic goods and so the money is mostly invested in finantial assets. But the goal of the policy is not to increase the price of finantial assets right? + + +Third question. Are the real estate prices proportionally represented in the CPI? If not why? Isn't housing a basic everyday need too? +For example cable company customer service, or apartment resident services people in a complex in a good location, where their poor efforts at work are unlikely to influence sales +I hate to bring down the tone of this sub but I'm past curious on who, if anyone is correct? - I'm a beginner to economics but I'm interested to get you guys' point of view. + +&#x200B; + +edit: imgur thumbnail doesnt show whole picture - be sure to click the link! + +[https://imgur.com/a/dl6dFJ4](https://imgur.com/a/dl6dFJ4) +(Update: I mentioned a complete decimation of the US economy as an example absolutely terrible case, not one that I expect to survive or am trying to plan for. Wikipedia's [List of economic crises](https://en.wikipedia.org/wiki/List_of_economic_crises#20th_century) has more likely cases, of which Japan and Sweden are probably most relevant. Also, if it's easier to imagine, consider the first-percentile returns of your own forecasts - whatever that actual return or its causes are. Finally, feel free to replace "US" below with "Canada" or "Germany.") + +People who have fatFIRED and tried to reduce the chances that a failure of your (first-world) home economy or home currency also destroys your portfolio, what did you do and why? + +My portfolio is diverse and can survive any given home-country asset class's valuations going to 0. However, like most US residents, my portfolio is overweight in the US economy and especially the US dollar (relative to the US's share of worldwide investable universe), and almost entirely dependent on the US banking/asset management system. Although I live in the US, I've spent a lot of time in other countries and would have no problem moving if circumstances in the US changed. + +So far, I've mostly diversified at the margins: slightly increasing my allocations to worldwide economies (relative to typical recommendations of 20-35% global allocation), owning un-hedged versions of non-US assets instead of USD-hedged equivalents, and similar approaches. You could think of this as solving what's called [Home country bias](https://www.northerntrust.com/documents/white-papers/asset-management/home-country-bias.pdf) - I've done that. All that does is get one's portfolio performance closer to global-average performance, though, and that's not really my goal. + +For me and I think for anyone who has fatFIRED, this is the more interesting challenge: if my home country economy or currency collapses (and especially if restrictions on withdrawing/moving currency are enacted), how do I ensure that at least, say, 25% of my assets are in and accessible from another country? That is, how do I get economy, currency, and probably banking system diversification? (Let's assume that 25% is sufficient to have a high quality of life somewhere else; obviously everyone's % will vary.) + +For example, I could imagine putting 25% of my portfolio in a well-capitalized non-US bank, then handling most non-US investments out of that account. That seems like a fair amount of work, so I'm looking for other things that people have actually done. Have you done something simpler or better? :) + +Alternatively, people who live in 3 or more countries (as long-term residents, not digital nomads) and thus don't really have a single "home" economy, what does your economic, currency, and banking system/asset manager exposure look like? Maybe you've solved this organically. + +PS: I'm not trying to start a debate about the chances of any given first-world economy and/or currency materially weakening. Maybe you think it's 0.1% or 1% or 5% for your home country. I'm also not trying to "beat" the returns in my home economy. I expect to pay for this benefit in the form of reduced returns, higher fees, higher taxes, and/or exposure to currencies that I eventually need to convert to my current home currency. You could think of this post as "Which approaches provide the most resiliency for the least added effort, undesirable exposure, and cost?" +**Pennystock Companies with crypto exposure that I'm very bullish on:** + +**Cypherpunk Holdings Inc. (CSE:HODL OTC: KHRIF)** + +* Cypherpunk Holdings, Inc. engages in the investment in technologies and crypto currencies with strong privacy. It currently hold investments in the following companies: Samourai Wallet, Hydro66 Holdings Corp., and Chia Network. **Currently a Top-10 largest public holder of Bitcoin**. + +**Ault Global Holdings (NYSE: DPW)** + +* Diversified holding company acquiring undervalued assets and disruptive technologies with a global impact. Currently has exposure to Bitcoin mining assets and will provide business loans collateralized by Bitcoin and Ethereum. + +**BIGG Digital Assets (CSE: BIGG OTC:BBKCF)** + +* BIGG Digital Assets Inc. owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem + + +&#x200B; + +Any Insights or Recommendations? Please comment below +Hey everyone, **the chairman of the FCC, is very likely to announce a vote to gut neutrality, possibly as soon as Nov. 22nd.** Once a vote is called, it will become much, much harder to stop ISPs from charging us extra fees to access sites like reddit, and controlling what we see and do online by throttling and blocking sites, apps, games, and streaming services. + +These changes could severely stifle growth in the still-developing cryptomarket. With touchy topics like money laundering, darknet markets, and anonymous coins like Monero, we could see ISPs blocking or heavily throttling cryptocurreny transactions in the near future. + +**[But there’s still hope. The most effective way to can stop this is by driving as many calls as possible to our Senators and Representatives, now through Nov. 22nd. ](https://www.battleforthenet.com)** + +We're getting word that there are lawmakers who are sympathetic to our cause and considering taking action to slow the FCC down, but they won’t act unless they get more phone calls from constituents. Also, if your think your Rep's opposed to net neutrality, its all the more reason to call them. Those Reps need to hear your voice more than anyone. + +**Please, head over to https://www.battleforthenet.com , and give your Senators and Reps a call telling them to stop the FCC from slashing Title II net neutrality protections.** The time to act is now. + +To reach the call in line directly by phone, **call 202-930-8550**. + +When you get through to your Rep's office, introduce yourself, be polite, and say: +> I support "Title Two" net neutrality rules and I urge you to oppose the FCC's plan to repeal them. Specifically, I'd like you to contact the FCC Chairman and demand he abandon his current plan. + +We also have ready-made banners, modals, and graphics of various sizes here: https://www.battleforthenet.com/#join + +Thanks. + +I'm using the TD Ameritrade API to execute trades for my bot and I received this warning message today that basically says that I need to cool down with the amount of trades I've been making. + +I'm wondering if anyone else has run into this issue and what other brokerages may be out there that won't impose such a restriction for high-frequency traders. + +Bending the knee to TDA and modifying my bot to place less than 390 trades/day is not an option, I would like to find a brokerage that allows me to place as many trades as I damn well please. + +To clarify, this has nothing to do with the 25k account minimum. As shown in the screenshot below, they are basically telling me that I need to start making less than 390 trades/day or they will start charging me commission for my trading. + +&#x200B; + +https://preview.redd.it/s569v3xqtn971.png?width=841&format=png&auto=webp&s=a343c03f128b62c8f3dc5f6a55f07d6f7aebe386 +My wife (57) and I (59) are planning on quitting our jobs and FIRE next year. Our current assets are roughly 3.7 million USD in stocks and bonds and 185k in savings. Our primary home is valued at 1.9MUSD and we also own a rental skiing lodge worth 120k, generating net 4.5 k/year. + +Total assets around 6 MUSD + +For the next 6 years until pension becomes available our only source of income will be from rental apt + 5kUSD from stock dividends. So about 10k annually. + +At 65 our pension will trigger and we will receive in total 12 k USD/month, the rest of our lives. + +We live in Europe and don't have to worry about health insurance and the current tax on stocks and bonds are 0.4 percent annually of the total amount of 3.7musd (no gains tax) + +We plan on travelling the world for 3-4 years but are unsure of how much we can afford to spend monthly without ever risking running out of funds. And if its wise to sell of 0.5-1.5 MUSD of our stock and keep them in a saving acc. +Well I see similarities in money management, emotional management and strategic management. I am just curious. + + +This is not post for pure investors or pure investing approach. +So Nova Minerals (NVA) released their resource upgrade today and I just want to give some of my thoughts. + +The current 4.7Moz is ONLY for Blocks A and B at Korbel Main. There still remains Blocks C and D, Cathedral, You Beauty, Isabella and Sweet Jenny to be drilled. This was from 30,000m out of 80,000m planned drilling so far. + +https://preview.redd.it/p6ldpakcvnr61.png?width=992&format=png&auto=webp&s=789100edba4ead44c0ae4231bd837563ce28a058 + +Block A and Block B also remain open along strike to the North-West and South-East meaning this could converge into other areas creating one monster system. + +https://preview.redd.it/f5xobnw1wnr61.png?width=1001&format=png&auto=webp&s=8322b8d3fc8949e4eeb3529364b22ccdc7e60461 + +NVA has a 325 square KM claim block with 15 other known prospects. Another one of these prospects (which isn't included in Korbel Main or the above diagram) is the RPM prospect. + +https://preview.redd.it/3wq4tw0x3or61.png?width=238&format=png&auto=webp&s=ec3743ecf325f44df83d9199b3b3a03b6700a364 + +NVA is planning on drilling 5,000m at RPM (with drilling commencing next quarter) and will release a separate maiden resource to the current 4.7Moz for RPM this year. Below are some of their results last year from RPM. Possibly another few Million or so Ounces here IMO. We seem on track to reach our 5-7Moz target for 2021 and The Estelle gold project could possibly have 10Moz by the end of 2022. + +https://preview.redd.it/71c4443cxnr61.png?width=794&format=png&auto=webp&s=2b99fc8455ee4ec3483a99e46d657022b9141ff9 + +Scoping study due in May-June and plenty of more drilling results and announcements to come. 2021 should be a good year for us +I had an epiphany recently where I finally REALLY understood how this term (velocity of money) applies and why it can be so powerful. + +I started my real estate investing in 2020 when I refinanced my primary home. We had a chunk of cash and spent about $170k of that purchasing a property off market. We bought it way below market and refinanced $170k back out and it now cash flows $500 per month. + +We then used $130k of that same money to purchase another rental through traditional financing. That cash flows $2k a month. + +About a month ago we got a private money backer which paid for most of the purchase of a property. We put $15k into the renovations and do all the management, and it not makes $1200 a month. + +My point being, I now understand when people talk about recycling and redeploying the same funds over and over again. Would love to hear about other investors who have done this over long periods of time and the effect it has had. +Hi all, + +I'm just about finished with my first house-hack/BRRR combo strategy and it is going well, but could use some advice and direction at the tail end here. + +I purchased and moved into a distressed off-market property in January of this year for $400K, putting 10% down ($360K mortgage). The house appraised for $430K, giving me a decent chunk of equity right off the bat. I took out a 100% LTV HELOC at a local credit union for renovations, and spent about $60K to fully update the place (so ~$420K total in debt financing). + +I just got my appraisal back last week and ended up at $645K – I am very pleased with this outcome and think this deal went very well! + +My initial plan was to do a cash-out refi at 80% LTV, use the funds to pay off the old mortgage and HELOC, and be left with ~$90K to reinvest in a second property. With rates ballooning so much in the last few months, I want to double check that that is my best option. + +My current mortgage is around 3.5%, and my HELOC has gone up to 11.25%. My broker estimates my new mortgage would be somewhere between 6.5-7%. It pains me to refinance my initial mortgage and double my current rate, but I can't think of how else I can pay off my expensive HELOC. I also don't want to have ~$90,000 in "dead equity" and would love to use that for another down payment. + +So my general question is: is refinancing (and doubling my current rate) worth it to pay off my HELOC and cash out my extra equity? Is there another option to keep my current mortgage and still cash out/pay off my HELOC? Any guidance or thoughts would be greatly appreciated. + +EDIT: For clarity, the combined mortgage + HELOC payment will likely be very similar to the combined new loan, I think ever so slightly cheaper (within $100). + +EDIT 2: After thinking more and talking to my HELOC lender, I should be able to refinance my 100% LTV line into a much cheaper 80% LTV line at roughly 7.5%. This provides the best of both worlds in my mind. +Hey guys, + +&#x200B; + +Anyone finding it nearly impossible to find a decent top freezer refrigerator in the midwest? Everything is either out of stock till september or $900+ +Hello everyone, just got my first full time job in August and have saved 10k. 4plex's around my area ( Edinburg, TX ) are roughly in the 275k range. I want to receieve rent from each apartment ( all 4 ) and dont want to move in. Do I have to put down 20% since I want to receive rent from all 4 or is there a way I could put down 3 to 5 percent and start already? I want to start by the end of the year and start getting passive income. Hopefully $1500 per 4plex, and after that keep getting more and more 4plex's so I can retire early from my current job (teaching). Any success stories or tips would be greatly appreciated. Thank you. +Hello everyone, just got my first full time job in August and have saved 10k. 4plex's around my area ( Edinburg, TX ) are roughly in the 275k range. I want to receieve rent from each apartment ( all 4 ) and dont want to move in. Do I have to put down 20% since I want to receive rent from all 4 or is there a way I could put down 3 to 5 percent and start already? I want to start by the end of the year and start getting passive income. Hopefully $1500 per 4plex, and after that keep getting more and more 4plex's so I can retire early from my current job (teaching). Any success stories or tips would be greatly appreciated. Thank you. +Value Investing - Not the cheap stock but in actual a fundamentally strong company. How to identify such gems. + +&#x200B; + +I have identified few such as ITC, vip , united spirits , nestle , Britannia and Reliance. Had Infosys as well but dropped due to poor management Ethics. I plan to consolidate the above into a portfolio and keep investing in these stocks. I wanted A few suggestions and at what ratio of the above stocks ? And yes whT companies are investing in water nowadays like R&D or in purification. + + +Do any of you plan to just keep on adding stocks to your portfolio ? May be sell off a few shares for immediate requirements but keep on holding others. +I am new to this SR. Apologies if this is not the right place. + +I am retired and have a substantial amount of money that I want to invest in Mutual funds. I have never invested in anything before except in FDs and some stupid endowment/ insurance plans without knowing anything about it. + + I have been educating myself now. Reading online and books. +So far I have read: +The intelligent investor (couldn't get past the first chapter and I am not into value investing and stock picking) + +How to Avoid Loss and Earn Consistently in the Stock Market: An Easy-To-Understand and Practical Guide for Every Investor (good) + + +Let's talk money ( very good) + +Mutual funds for dummies( good but applies more to the US market) + +108 Questions & Answers on Mutual Funds & SIP (lot of info but it is more like a school science guide) + +Bought but haven't read yet: + + +How to manage your retirement Corpus : A complete after retirement guide + + +Mutual Fund YearBook 2020-21 : A Complete Guide on Mutual Fund Investment + +Could anyone suggest a good book/books or websites/blogs YT channels on mutual funds in Indian market that is not too much technical more like "mutual funds for dummies" with practical advice. I don't mind if it is not beginner level either. I have a basic understanding now. + + +Searched on Reddit didn't get any results. Wiki gives only western authors. +Thanks +In the last few years, Nippon India Tax Saver has under-performed its category (ELSS). On 1st July 2020, all the fund managers were replaced with new ones. The question is: how long should an investor wait to see if the new fund managers are able to turn things around? Few months? 1 year? More than that? +Why debt funds navs are falling since past 2 days ? +For example in funds like Kotak savings , birla savings, hdfc ultrashort term ( holding) etc in nearly every category except liquid funds. + +Have been noticing since the market correction began, the nav are dropping or not yielding returns as they used to do daily. +if the aim to get overall pay less tax than Bank fixed deposit and getting more return than FD + +1. Overnight Funds. +2. Liquid Funds. +3. Ultra Short-Duration Funds. +4. Short Duration Funds. +5. Corporate Bond Fund. +6. Credit Risk Fund. +7. Gilt Funds. +8. Fixed Maturity Plans (FMPs) +I finally got a job which means that it is no longer just my partner supporting both of us. I earn about 40% more than my SO, and while he suggests that we split rent, bills, taxes etc 50-50, I don't really know if that's the fairest given how I will be earning more.  + + +We've decided to have pots for monthly recurring costs like rent and bills, slightly variable costs like groceries and other household stuff, a common saving pot for say a car or a house, and our personal savings. However, I am still not sure how we split what each of us contribute. + +So couples of reddit who live with their SO, what is your advice? How do you do it?  +Hi all, +I've been trading options for five years now and have refined my strategy to the point where's I'm making 2-3x more than my day job. + +I expect to have two years of expenses saved in the coming months. + +What other things do I need to consider? +I can currently take up to $16.5k out of my 401k for use as a loan. It would have a 7% interest fee that I would pay myself every paycheck. Is this a bad idea? I’m a 23(m) looking to buy a house in the next couple months. + +Edit( I get it, I’m currently getting a 20% raise at the start of the year. I’m just going to take my contributions down and save some more. I’m 23, make $47/Hr. I have another 20+ years until I retire and invest heavily into my 401k+ Im vested into a pension with my job. I know the risks and the down sides. I was just wondering what everyone’s opinion is, in all reality there’s never going to be a perfect time to buy. Home prices drop, interest rates rise and vice versa. I wouldn’t be depleting all of my 401k and I have other funds to add on top of it. I just wanted some insight on this. Thank you everyone ) +I have two daughters aged 2 and 1 month. What investments should I be looking into? 529 plan? Gerber life insurance plan? Just a regular savings account? +My 401k has been dropping for at least the last 12 months now, despite me putting in the maximum annual amount. Going into 2023, I’m wondering if I should even keep contributing as much as I have been. Is there a potential benefit to contributing as much as I have been, even though it seems like it’s going down, not up? + +Thanks for everyone’s help. Admittedly, I am very new at this and have been trying to understand it all. I was a little nervous to post but I really appreciate your kind and helpful responses! +Have none of you people seen a holiday movie? Of course it will seem unlikely that the thing everyone hopes will happen will come true. + +We are in the final stretch now, so be prepared for some seasonal magic to hit, no matter how ridiculous and contrived. Perhaps it will happen when the Grinch character in your life (A douche brother - in - law perhaps?) will say something dismissive like "You should never have wasted your time and money with something as foolish as crypto". + +Then you will see the numbers start to shoot up. His eyes will go wider and wider as he realizes his mistake. (You giggling when it hits $69K won't help any). When it finally hits $100K, his heart will grow 3 sizes that day and you will be vindicated. + +This happening is inevitable. The only chance of it not happening would be if our lives are not a work of fiction, and that seems very unlikely. +As someone who has dabbled in NFTs and web3 for about 1.5 yrs now, I wanted to concisely highlight why I am so bullish on the marketplace and perhaps more importantly the WALLET gamestop has created. + +1. the gamestop wallet is superior to all counterparts (Metamask, coinbase etc.) + +here’s why: + +when you buy an NFT you have to pay a gas fee to mint (create a record for) the associated data onto the blockchain. these fees can be high especially if many transactions are trying to be processed simultaneously (more transactions at once = higher demand for hardware/ GPUs to enable transactions to be processed) + +people have developed more efficient ways of doing transactions by enabling transactions to occur on a separate “layer” (network- such as Polygon) from the ethereum blockchain (thereby lowering gas fees). + +in the past (before gamestop) if you wanted to do a cheap/ efficient transaction on layer2, this usually required you to first swap your eth for the designated layer2 network’s “coin” (eth to polygon). only then could you use your polygon to pay for the layer2 transaction. + +**many of us have felt the frustration of trying to efficiently swap our eth back from this network (polygon to eth). it adds a time delay, confusion and obstructs the onboarding of new people into web3.** + +the gamestop wallet resolves this issue: +when you create a wallet, there is a layer 1 “folder” and a layer2 “folder” associated with your wallet address. if you want to do cheap transactions, you simply buy eth, and move it to your layer2 “folder”.. + +gamestop’s greatest accomplishment IMO is that they don’t force the YOU, the USER to swap your eth for loopring (layer2 coin). instead, the annoying nuances are handled on the backend. (eth to LRC; LRC to eth)… + +you just need to buy eth, move to layer 2 “folder” and buy your nfts on layer2 for virtually no gas…. + +when you are ready to move your nft to layer 1, you simply transfer to your layer 1 “folder” and can pay gas fee then, at your convenience (and when gas is low) + +2. the gamestop NFT marketplace is already a huge success: + +the @gamestopNFT marketplace (while still in beta and with a limited view of all of the collections it will offer) has done ~$1million in volume per day; outperforming coinbase marketplace’s summative volume, within the first 48 hours of going live. + +from the beta version of @gamestopNFT marketplace, gamestop has offered us a limited glimpse into the types of media its platform will include. these range from music to comic series, to tv series… gaming players and weapons that are interoperable/ rigged for the metaverse (ex: CYBERCREW NFT), as well as art. + +something to keep an eye on is that some collections on the @GameStopNFT marketplace are licensed by “GME Entertainment, LLC” 👀 hmmmm.., wut doing #gamestop ??? + +TLDR: +the wallet @gamestop has created is the most user-friendly and functional wallet i own. this wallet will enable the onboarding of millions of people (taking away the need to swap coins before layer 2 transactions) and will provide the necessary framework/infrastructure for gamefi on the blockchain. + +what they have created is a revolutionary and structurally-sound bridge between web2 and web3 + +**EDIT: MOASS IMMINENT** +A top post is just pure 'trust me bro' hopium hypenomics at work with a a title to entice. Here's a fact for you all, viewership of the superbowl has been consistently going down for more than a decade since 2010. So less people are watching the game in general. About half of those people are just there for the ads and a majority of them are gonna be sharing the ads on Facebook, a social media platform that didn't grow last period and has an aging userbase to boot. So less people and mostly older that aren't gonna take financial risk are watching. I doubt Auntie BJ is gonna invest in crypto because Tom Brady told them about FTX. I can see my brother who uses facebook and has no teeth left seeing the ad and wanting to FOMO in. So that's the audience they're mainly getting. + +It's also just Americans. No one in Europe is gonna be watching the game and or gives a shit about Tom Brady. No one in Brazil is gonna be watching. Americans are not the only people invested in crypto, most South Koreans have no idea how American football works or again, gives a shit about ads that they wouldn't understand without subtitles and who is gonna be writing subtitles for ads for an American sporting event outside of Spanish and English? + +Lastly, why would the news care about a crypto ad? Do you expect an interview with Tom Brady breaking it down his involvement and a full history on the past year of crypto? I'll bet they will talk about how much is spent on the ads this year and how much FTX grew and paid Tom Brady and then move on with their day. + +This idea that a single ad during an American sporting event is gonna put us into a bull run is just silly. This is Saturday Night Live or Doge day again. There's no reason to think prices will go up except for hope. But they wanna cover their tracks and say it'll affect the prices in future. Okay, I drank coffee this morning and so the prices will go back up 'someday', that's my prediction based on nothing substantial. + +Edit: Yes, I know Tom Brady is retiring. He's gonna be in an FTX ad and he already did one last September. If the reference didn't click with you then it shows how forgettable and weak crypto ads are when they need to prop themselves up by celebrity endorsements to even be worth mentioning. +https://www.cnbc.com/2019/10/14/stock-market-wall-street-in-focus-after-partial-us-china-trade-deal.html + +>The report, which cites people familiar with the matter, said Chinese Vice Premier Liu He may lead a delegation as soon as month’s end to iron out the details of “phase one” before President Xi Jinping agrees to it. + +>China wants Trump to also scrap a planned tariff hike in December in addition to the hike scheduled for this week, the report added. +I have a friend at work who has been at our company for more than 10 years. I don't know his age, probably late '50s. Even though he's a great worker and people love him around the office, the new department head saw him as dead weight. She hired a director to oversee him and the rest of his team. Over time, the new director started taking more of my friend's responsibilities and even went to meetings in place of my friend. + +A few days ago, for the first time ever, my friend is sitting at his desk doing absolutely nothing while everyone else is busy. He's being kept out of the loop on all upcoming projects. The new director effectively replaced him and this took him by surprise. He went to complain to his director's boss but nothing came out of it. + +I think my friend's days are numbered, even though he didn't do anything wrong. He does good work, but just not in the eyes of the new department head. My friend's sweating bullets right now because he has a lot of debt and really can't be out of work. Of course it goes without saying that he would be better off if he saved enough to give him a financial cushion now, but he didn't. + +This just blindsided him because he does good work and always gotten good yearly reviews. He never thought his job would be taken away from him. + +Moral of the story, save up for FIRE/FU money, even though you love your job, do good work and never think you would ever get the axe. +The Ark Innovation ETF ARKK, +0.21%, the flagship fund of Cathie Wood's Ark Investment Management, purchased nearly 1.3 million shares of Robinhood Markets HOOD, -8.37% during its first day of trade, worth roughly $45 million. Robinhood shares slumped 8% as the initial public offering, targeted to Robinhood's own retail base, was greeted with tepid demand. + +Source: https://www.marketwatch.com/story/ark-innovation-etf-bought-45-million-worth-of-robinhood-on-first-day-of-trade-2021-07-30 + +What is everyone’s thoughts, opinions, and takes on this move by Cathie Wood and Ark? +Warren Buffet says diversification is protection from ignorance, and the best way to have market leading returns is to over allocate your portfolio if you’re confident in your selections. + +What’s your largest position for 2022? What percentage of your portfolio is it? What makes you confident? + +For me right now I’m big OXY and OXY/WS for 2022 with 300 and 429 shares respectively, about 16.5k. This is ~18% of my portfolio. I’m a fan of the company because they’re paying down billions in debt each year, and having worked for a highly leveraged company in the past I know how fabulous that can make earnings going forward. Each quarter they get 10’s of millions more profit for future quarters due to less debt repayment. They also have over 10 billion in FCF this year if oil stays at its current heights and lots of tangible assets if inflation gets out of control. Lastly, I like that the dividend is small - when it increases in the future it’ll be a stock price catalyst, and it’ll help keep my taxes lower in the meantime. +She was changing them yesterday morning and it was anywhere from taking off one minute of work to 10. Our employer states that we shouldn't clock in *no earlier* than five minutes. For me I was told that I could clock in 15 minutes earlier than my schedule says. I don't know how to go about this or if I should take action at all. + “When two people each own over 50% of [a company] it’s going to be interesting…” (i.e., when two groups, one being the DRS’d folks and the second being all other folks (e.g., institutional investors, brokerages, etc.), together are publicly known to own more than 100% of a stock, things will get interesting) +-Warren Buffet +https://youtu.be/GVtaKKn43M8?t=385 + +Don’t forget, there’s also an options market where rights to buy have been purchased. Which means that AFTER every single share has been DRS’d, all the longs will have to do is to start buying call options & the shorts will be unable to deliver on those contracts. And the whole internet will know this! + +Recall that in Jan 2021, SHF lost control of the stock’s price on public news that short interest (SI) exceeded the float. Well, when (iA) the entire float has been DRS’d, the SI will again exceed the float - except this time the float will be 0. What do you imagine the FOMO of folks to be when they realize that every share that they purchase with probability 1 has to eventually be bought back from them? Will it be MADNESS? 💎🤲🚀 + + Not financial advice. +Ok, so I had a tow company tow my car out of a snow bank, and onto the road, over the weekend. + +The guy operating the tow truck looked dodgy, but anyway, I needed to get out of the snow bank and go back home. + +Anyway, he got out my car out of the snow bank, then he takes me visa CC, swiped my credit card, got my telephone number, and told me that I would get a receipt on my phone. + +I trusted the guy, and went back into my car, didnt bother to look at my phone that time, got home, woke up next morning, got no receipt. + +I called the guy, first thing in the morning, and he asked me call his office Monday morning at the office at 9am. + +I called him to get his office number, proceeded to call office at 9am Monday morning, phone rings, no one answers. + +I call this guy back, telling him no one is answering, he then tells me that the office opens at 9.30am, so I said ok, i will call around that time. + +I call the office after 9.30am yesterday, same story, no one answering. + +I called the guy back, and this time some lady answers, I can hear +kids in the background, and then this lady tells me that because the weather is sooo cold outside, they are still waiting on the receptionist to come in. + +She asked me for my details and said someone will call me back. I told her if I dont hear back from anyone, within a few hours, I will call back again, she said ok. + +Fast forward, two-three hours later, no call. I call the number back, the guy answers and was so rude this time, and said, no one is still at the office and hung up on me. + +He then proceeds to ignore my phone calls, I call from a different number, he answers it, and then tells me the same story and hangs up on me again. + +I need the receipt for a GEICO tow reimbursement, and when I read the reviews about this company, they are 90% negative. + +They have a F rating under BBB. + +I am in Chicago. + +What is my course of action? Can I call the bank and reverse the transaction, I am just worried this guy might send my bill to the debt collectors, and damage my credit score. + +He only has my phone number and possibly the car license plate details. + +Please help. + +TL;DR Got stuck in a ditch during snow last weekend, call tow company, tow company pulled car out of the ditch and I was back onto the road within minutes, paid tow company via CC same night (visa chase bank), never got a receipt. Need receipt for GEICO tow reimbursement, tow operator and his company have bad reviews all over the internet. Hard to get in touch with "his" office. + +[UPDATE] Rang the office and someone finally picked up. Told them my story and the lady said to me that the receipt should be available by Thursday, the latest. What sort of company is this, that cant just give me my receipt? Real shady if you ask me. + +[Update 2] Many are asking the name of the tow truck company here, and I dont want to name and shame them yet, will only do that once I dont get the receipt, as they said, I will by Thursday the latest. + +Also, many asked that the tow truck company gets reimbursed by GEICO, and I shouldn't be paying anything, my situation was a bit different, I didn't use their tow trucking company, since their wait to help me was 2.5hrs, I used someone else and the lady on the phone from GEICO, said that was fine, and I will get reimbursed, after I send in the receipt. + +I have also sent out a screenshot of the transaction and copy of the message I received from my bank, notifying of the charge on my visa card from the tow truck company to GEICO, as well as an explanation of what has happened, waiting to hear back from them. + +Some posters are saying my insurance rates might go up, but I am not making a claim, it wasn't an accident, no one was at fault, it is a roadside assistance service, so can my rates go up, if I am not claiming anything? +and if you don't love it - I hate you forever + +Salutations Apes! I saw a dead pixel on my screen and I took it as a sign. [computershared.net](https://computershared.net) needs some love. + +I wanted to give Apes the ability to chose their own adventure. Now you have more options for how you want to represent GameStop's shares. + +By default, ETFs, Mutual Funds, Other Institution Holdings, and Insider holdings are subtracted from the total issued shares. Then the amount of shares DRS'd by Apes is compared to what's left, and shown in Computershare Purple. + +[Default View](https://preview.redd.it/dyb0nfucnuw71.png?width=1269&format=png&auto=webp&s=df20813d6c1c7c6baab4827df8d0f47773ff656d) + +If you don't want to see those other colors clogging up your donut, uncheck them so that you can view the proportion of Apes to Remaining. + +[Ape Completion View](https://preview.redd.it/oezvfhf2ouw71.png?width=1276&format=png&auto=webp&s=2518bbabc317f4c86bd62a1257810b9240c73742) + +&#x200B; + +But u/jonpro03, I hear you say, I disagree with your assertion that Apes don't need to lock up ETFs and Mutual Funds! + +No problemo. Uncheck those options to show how far we are from locking those up too. + +[Complete excluding ETFs and Mutual Funds](https://preview.redd.it/hb3yy91fouw71.png?width=1261&format=png&auto=webp&s=97e608fbd418d05fd3f98d74b6b918a8e34cf71d) + +# But wait! There's more! + +What if you sincerely believe that the past week is the most accurate representation of APE behavior and you want to view/use this week's statistics to predict the float. Change the selector at the top right. + +[Statistics Range Selector](https://preview.redd.it/q9mk6k3bpuw71.png?width=329&format=png&auto=webp&s=b86e59c79ec9e6af348e2738567d2e34b3cf590f) + +&#x200B; + +And I also added a graph to show how many posts v. how many accounts [computershared.net](https://computershared.net) has tracked. + +[Posts v. Accounts](https://preview.redd.it/qubnh1yrpuw71.png?width=645&format=png&auto=webp&s=aa39af30ed56aab09a66a0bd9dc4db07f6d23546) + +Anywho - I'm going to go Halloween with the family now. Enjoy! +Guys on a scale of 1 to 10 rate my decision . +Where 1 means dumbbbb 10 means smartttt. + + +Edit : recieve wholesome award. Well it means it was totally worth it. + + +iBNB is the first token ever to introduce a Dynamic Tax Protocol, which will ensure the sustainability of this project even after the initial hype is over. Moreover, this project aims to create the **BIGGEST** BNB reward pool of any token. + +It is the first **Dynamic DeFi token** that adjusts tax rates to sustain and rejuvenate supply pools, building upon existing transaction tax systems used by a large number of existing DeFi tokens. Depending on the state of the Liquidity Pool relative to the Market Cap, the tax rate is automatically +adjusted so that the priority may be shifted to the LP or to the Reward Pool, as need be. + +iBNB is the first DeFi token to employ **not one, not two, but THREE** individual mechanisms to fill the **reward pool**. This will be by far, the **biggest reward pool generating token of any token out there**. + +**⚖️The first DeFi token to introduce the Dynamic Tax Protocol (DTP) ⚖️** + +As a fully dynamic token, DTP will always aim to prioritise 9.9% of the transaction tax to the reward pool. DTP will ensure there is a healthy supply of liquidity to perform trades, such that it can readjust and guarantee the maximum amount of tax directed towards the reward pool. + +**📊Whales? Who cares.... Bots? So what! 📊** + +iBNB is the first token to introduce scaling tax brackets for large sells. Big dumpers or bots who try to manipulate the price will be taxed at much higher rates thanks to our scaling tax. Any sell of more than 0.1% of the total iBNB supply token will be rejected REJECTED. 🚫 + +**🤲 Giving back to the community never felt so good! 🤲** + +iBNB is the first token to introduce Reward Contributions. A portion of all large reward claims are returned back to the reward pool. Not only does this ensure you can continue to claim a consistent amount of rewards every day, but the whole community also benefits from a healthy reward pool. Remember, all claims over 0.25 BNB are subject to scaling contributions where the more you claim, the more you CONTRIBUTE. + +**🔥 Burn baby, burn!🔥** + +0.1% of all transactions are continuously burnt for good! Poof, gone... less supply, more demand 📈 + +**🤝 I like buy backs and I cannot lie 🤝** + +The marketing wallet will receive BNB reward claims. We will use these claims to automatically buy back tokens whenever necessary! If there is a lot of unused BNB in the marketing wallet, we will just chuck it in the reward pool! More rewards for everyone! + +**🔩Unrenounced contract so we can ensure market stability 🔩** + +The iBNB team has kept ownership of the smart contract. This is so we can update tax %, tax brackets, DTP liquidity swap %, DTP Reward swap %, and more! This is done so that we can ensure the token remains in a healthy state, always! + +**👨‍👩‍👦‍👦For the community!👨‍👩‍👦‍👦** + +iBNB is here for you. Any major changes to the tokenomics which come about from the adjustments listed above will be put forward to the community and voted on. This is to ensure trust between the iBNB team and community remains solid. Without you guys, we are nothing! + +**📜Smart Contract:** [https://bscscan.com/address/0x830F7A104a3dF30879D526031D57DAa44BF85686#code](https://bscscan.com/address/0x830F7A104a3dF30879D526031D57DAa44BF85686#code) + +**🖥Website:** [ibnb.finance](https://ibnb.finance/) + +**📃Whitepaper:** [bnb-finance.gitbook.io/ibnb-whitepaper/](https://bnb-finance.gitbook.io/ibnb-whitepaper/) + +🔒**LP is Locked for years**. Even our grand kids won't be able to touch it! + +🙋‍♂️Team is **Fully Doxxed** (check website) 🙋‍♂️ + +Join socials to keep informed! + +**Telegram:** [t.me/iBNBfinance](https://t.me/iBNBfinance) + +**Twitter:** [twitter.com/iBNBfinance](https://twitter.com/iBNBfinance) + +**Discord:** [discord.gg/ibnb](https://discord.gg/ibnb) +Confession time: the other day I was playing our favorite calculator game to figure out how many shares I'll need to sell at what point to make $X (Amount needed to clear all debts and have breathing room for a little bit.) I've reflected on this a bit and decided I no longer care about moass and here's why. I'm invested. The "I love Coke" tweet really put into perspective just what the fuck we're doing here. This really is the opportunity of...well, ever. I'm the start of generational wealth with this big dick power move that I made a year and a half ago. Everyone has doubted me and still does and thats fine. Shit, I've doubted myself a few times along the way. But not anymore. I'm in. I'm an investor. A small one for now, but an investor nonetheless. I'm setting up recurring investments with CS on a weekly basis. I'm looking out for my son, maybe his kids if he has them, my nieces and nephews, and so on. I was born low income. I still am, but I grew up with a mother that hid bills instead of facing them, and just never really taught me how to manage money because well, we didnt fuckin have any. So this is it. This is my game changer. And to all those who come after me, I love you and this is for you. May these diamond fists be the seeds that grow trees I may or may not ever enjoy the shade of. + +Edit: changed the amount to X because some have expressed concerns over anchoring. The amount is irrelevant to my story and my experience. +**Here is [Version 4.1](https://i.imgur.com/Vlt0DOR.png)** + +Please read the flow chart entirely before commenting since some redditors have been commenting or PMing of missing items; sometimes it’s just buried deep. + +Please provide *constructive criticism* where I will evaluate for the next version; if it’s needed. If you provide details on what exactly you’d like changed and provide justification, that can be sufficient to persuade me. + +I hope I fixed the viewing for mobile users if not, I am sorry. I think it depends on what app or interface you are using. + +I'll be traveling tomorrow so I don't know if I have much time to make another iteration, but I am quite happy with this version. + +I haven't received any word from moderators if they wanted to put this in the sidebar or anything, so I'll just assume that it'll be stored in a post format for people to reference then. + +I hope you enjoy! + +**Version History**; for those interested. + +[Version 1.3](https://i.imgur.com/z0gEbme.jpg) + +[Version 2.0](https://i.imgur.com/pyKHXuy.jpg) + +[Version 3.0](https://i.imgur.com/sTi1eI2.jpg) + +[Version 3.1](https://i.imgur.com/o18MmOP.jpg) + +[Version 4.0](https://i.imgur.com/3esnRyb.png) +I think this one would be a wild ride in terms of selling options with a potential spike in volatility. + +That could lead to both short term opportunities and also the danger of getting assigned for some of the "safe" tickers. + +Do you guys prepare in any way for the potential mayhem surrounding the forthcoming elections? +I’ve recently learned that you can sell puts with much less buying power reduction in a margin account, essentially leveraging 5:1. If I used 75% of my cash selling these levered puts and the underlying gapped down a large percentage, I could be margin called. What’s a good rule of thumb for selling these levered puts? I don’t want to blow up my account. +Been lurkin r/thetagang for a while, so I know there's a massive amount of PLTR CSP turned shareholders from the Feb or May dips, including myself. I also suspect most of us also have Oct CC's on those shares, and we're sweating buckets as PLTR broke through resistance and has the potential to gap up to 30+. So I thought I'd create this thread for us to discuss strategies or just sheer panic. + +Pos: 7000 PLTR @ $23 with 40 10/15 $ 25 Calls..... +For money required say once a quarter e.g. for quarterly school fees (or annual vacations etc) that I intend to allocate every month, how are liquid funds better than savings accounts, given that 10k interest in savings is exempt from the taxes? + +I kinda understand liquid funds from emergency funds perspective, where one may not require to withdraw funds at all, and with time indexation would kick in. + +For shorter fixed duration, unless additional returns from liquid funds justify the added tax burden, liquid funds do not appear comparatively too attractive. + +Am I missing anything? +Hello fellow Investors, + +Stupid millennial here. I was doing some research on how hard can it be to attain Financial Independence after saving and investing heavily for sometime and live just from the returns of your investments for your rest of life. + +Just to give a quick overview of me. I started investing about 1.5 years ago. My current total investment is 6.3L in MFs and stocks and their current value is 7.3L. Currently working as software engineer and making good salary(\~90k per month post tax). I live in a rented house with my parents and I am able to manage all my expenses for around 6L per annum and very happy with this life style. So, I wanted to see how hard can it be to save money and stay invested and live rest of the life from your investments with same lifestyle of 6L per annum. + +I made the below excel sheet to see how much I need to save to quit from my job as soon as possible(5 years in my case) and attain financial independence. Here are few of the assumptions I made in my calculations: + +1. Inflation rate is 6% every year(I know it might vary and only going to increase in future) +2. Return rate is 10% every year(This is also going to vary highly every year and depends on investments performance. But, I want to invest only on passive Index funds and I guess expecting 10% average return is reasonable in long run) + +Calculation screenshot: [https://imgur.com/ila9mmL](https://imgur.com/ila9mmL) + +Excel sheet If you want to check: + +Read-only - [https://docs.google.com/spreadsheets/d/1g9OhbvSw8urrkKwV7VoLKomFVco\_6GXbN83B-VwZjIc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1g9OhbvSw8urrkKwV7VoLKomFVco_6GXbN83B-VwZjIc/edit?usp=sharing) + +Edit-access If you want to play with numbers - [https://docs.google.com/spreadsheets/d/1X3ONYKfdAM\_WOilvE-uO4jpEoTst5v88oVWQljHVSJg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1X3ONYKfdAM_WOilvE-uO4jpEoTst5v88oVWQljHVSJg/edit?usp=sharing) + +In the calculation I have used, I have kept the savings amount as 24L per annum. If you are wondering if it is possible to get 24L per annum post tax in India. Yes, it is possible if you are able to make it in FAANG or unicorn startup companies. You can refer glassdoor or leetcode to know salary of different companies. Example, + +[https://leetcode.com/discuss/compensation/1151753/Amazon-or-SDE-II-or-Bangalore](https://leetcode.com/discuss/compensation/1151753/Amazon-or-SDE-II-or-Bangalore) + +I know it is not as easy as it sounds and it is very hard to get into these companies. But, I would like to know if it is worth the effort(say prepare for one year rigorously to get into these companies) and retire after 5 years. + +From my calculation, I can see my investment can last till my age 70, If I only withdraw 6L(inflation adjusted each year) each year after 5 years. + +Here are few more points which I want to add to make it clear from my perspective and need help: + +1. I want to know If I have made by blunders in my calculation and do I need to add anything else. Happy to receive any positive/negative feedback. +2. I know 10% average returns is CAGR and the returns might vary year to year. Like in case of market crash happened during COVID, you might even be in negative returns for that year. But, I feel like this should not affect in long run, as market corrects itself. +3. By attaining financial independence or retirement, I don't mean quitting my job and doing nothing all day and go on vacation. To me, after attaining FI, I want to do the stuffs which I love and want to make a living from it.(I know it kind of sounds cringe like a movie dialogue). I am very much interested in content creation wrt to teaching. I always wanted to make a blog/youtube channel and do some content related to technical stuffs(which I know is a niche topic and will not attract many audience). There is also no guarantee that this will make money any time soon or even ever . So, if I attain FI, I don't have to care about my expenses and can do this and hope it will succeed one day. +4. I am not interested in buying house/land and happy with rented house. My father has some lands on my hometown and even If I want to build my own house, I will only build it here and will not in cities as the price is very high in cities. +5. Only high expense which can come in near future is my marriage(around 7L). I know after marriage your expenses are going to shoot up a little. But, I believe If I marry some one who is a working professional and understands about savings/investments, then we can definitely make it without much issues. +6. I have health insurance for me and my parents(5L + 25L super top up). I know sometimes you can't cover everything in insurance and it is always good to save some emergency funds. So, I am planning to save 10L for emergency fund. +7. I also have self control of not looking at the charts and worry about anything. I am invested in stock market/MFs for 1.5 years and I have never sold a stock/withdrawn from MFs. I watch my investments only in weekends and If there are any market crash(my friend who does short term trading informs me on this),then I go to buy more. So, I believe I can stay invested for 5 years without any problems. + +**TL;DR: Noob millennial investor, wants to know how hard it is to attain financial independence and live out of your investments. Happy to take any kind of feedback.** +Video: https://www.youtube.com/watch?v=x8vUphEUmco + +One point he makes is that while all the Bank's readily agree to loan you their money to buy Real Estate, none of them will agree to loan money to buy their OWN stocks. + +Does anyone have counter argument to that? I am really out of arguments there. +Look no one cares how ugly, dumb, or whatever about you. I’m all for positivity but if you get triggered by Steve Cohen looking like a goomba, or Cramer looking like a hunch back, you are projecting and need to seek therapy. + +I’m overweight due to chronic pain. I don’t get triggered at seeing RC being handsome AF and able bodied. I appreciate what he’s done and what he’s doing. + +We make memes because it’s funny or gets information out. These fucking financial terrorist have cost people their fucking lives and killed progress in multiple parts of society. They should be shamed anyway possible. There are few things we can do other than buy or hodl and meme. Unless someone is making threats to someone’s physical safety, I don’t give a fuck. + +Not everyone is a fucking shill. Recently saw a whole bunch of posts questioning a mod on his dd. I doubt a dude who’s shown his face and spent countless unpaid hours of research is a shill just because they might be using different verbiage or whatever people were trying to say. I do suspect people who try to stir up personal drama. I do suspect there are some coordinated disinformation and sowing discord in here but you can only do so much. + +Ultimately this is a social forum about a stock. If you don’t like the content then downvote. Stop telling others what they can post if it’s clearly obeys the sub rules. Stop projecting your personal lives. No one is targeting anyone except for the financial terrorist who should be. If you get triggered by pictures making fun of evil ass bullies then the internet might not be for you. + +If you can’t be light hearted and laugh at pretty harmless jokes and memes you cannot control your emotions and will be a paper hand portney and sell on the way up. If you don’t know the definitions of market manipulation or collusion you should probably do some research and stop saying every post is shilly or sus because they reference the reality of this situation. I’m an individual investor who buys how much I want and when I want, anything else is fluff. + +Downvote this to hell I don’t give a fuck. + +I support apes trying to improve themselves giving up alcohol and cigs. I support apes who like the stock. I support apes who can talk about objective reality without fear. I support apes making content, informational or funny. + +I don’t support apes who are suspicious of harmless posts thinking the senate is going to discuss a meme in a market manipulation hearing. I don’t support apes who can’t control their emotions on a forum that Is about a stock. I don’t support apes who project their insecurities and make it other people’s issues. That’s what therapy is for. Go get help. +I have a home remodel/addition that has been in the works for quite some time. The current estimate is about $1m total cost. I am sure it is like this in a lot of spots, but in my MCOL market, timing for construction is slow and unreliable. Even commercial leases are difficult because you can't get the buildout that tenants require. + +Anyway, I like to have money "ready" to pay for chunks of the project when they are requested. Right now I have $400k spread between 3 bank accounts, but of course there is no yield there. I would love if there was a good option that pays at least a bit of yield, and is very stable. It also would need to be accessible within a few business days. + +I used to use SHV for this, but short term treasuries have no yield now. Also **please don't suggest crypto**, I already have my crypto allocation and don't want to add or change it. + +Any other places that act as a bank account alternative? + +edit: I am not interested in debt. I am not interested in crypto for this, I already have stablecoins and I don't want to buy more right now. +I went into a GameStop with my girlfriend so she could buy her normal little Pokemon Knick knacks and t-shirts.... BUT.... My visit made me rethink that GameStop really is doing better than I thought. + +First of all, this location had about 15 customers in there not including us. Two people bought switches, and three bought memberships before it got to our turn in line. + +But seriously, I'm here to talk about the membership and how I could see it was causing serious loyalty. I haven't paid attention to their membership in a while, so I was surprised to see that about 10 of the 15 people that were checked out before me said they wanted to use their membership coupon, or wanted to sign up for the membership. + +When it came to be my turn in line, I had to ask. What's the membership do. + +It's 15 a year, and you get a 5 dollar discount coupon every month, including one that you could use right away that printed on the receipt. I shit you not, that all three people before me, and then me, went a took that instant 5 dollar coupon to go buy something else right away, leading me to actually spend $20 more than I intended on during my visit. + +I felt like I was getting a deal, but I also worked retail for years and know they probably more than made that 5 dollars back. + +But the thing that makes me the most hopeful, was the amount of customers that told the cashier they would see them next month. + +Granted, I live in a decently large city... But it really made it seem like they were not only keeping busy, but their membership program change is working. + +I commented to the guy I thought the membership was only for games, and he said thankfully they had changed it for pretty much all the products in the store - realistically why I actually stop in the too look around even if I have games, to get my nerdy stuff. + +TLDR: felt like the new membership program was 🔥, bought more than I expected, and saw what looked like a lot of customer loyalty. + +Edit:: Spelling from mobile, and to mention I do not currently have any shares as stated in one of the top comments. I do plan on picking shares up again. These are my current positions because I'm a newb poor boy. https://imgur.com/PFGNbeF +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/lubxvt8679s91.png?width=670&format=png&auto=webp&s=569728bbe7115e5a3f8fe9191a1247e7675855cf + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[September Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/?utm_source=share&utm_medium=web2x&context=3) + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[Do your DUE DILIGENCE and please make the right choice for your own situation, whatever that may be!](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[How to Guide - Self-directed IRA (SDIRA)](https://www.reddit.com/r/Superstonk/comments/w4rpor/how_to_guide_true_selfdirected_irasdira_custodian/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[covered vs. non-covered shares](https://www.reddit.com/r/Superstonk/comments/xe9mjx/with_all_the_drsing_happening_in_the_sub_lets/) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?(extremely common question)** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +[A visual Guide to purchasing from Computershare](https://www.reddit.com/r/Superstonk/comments/prvovo/new_computershare_account_via_new_purchase_visual/) + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [HOW TO BUY FROM ANYWHERE IN THE WORLD](https://www.reddit.com/r/Superstonk/comments/q415wd/10_steps_to_drs_and_buy_directly_on_computershare/?utm_source=share&utm_medium=web2x&context=3) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +[Detailed post explaining how to sell online](https://www.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but we will manually approve it for you💜! + +To reduce clutter we will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +\*not financial advice +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/lubxvt8679s91.png?width=670&format=png&auto=webp&s=569728bbe7115e5a3f8fe9191a1247e7675855cf + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[September Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/?utm_source=share&utm_medium=web2x&context=3) + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[Do your DUE DILIGENCE and please make the right choice for your own situation, whatever that may be!](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[How to Guide - Self-directed IRA (SDIRA)](https://www.reddit.com/r/Superstonk/comments/w4rpor/how_to_guide_true_selfdirected_irasdira_custodian/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[covered vs. non-covered shares](https://www.reddit.com/r/Superstonk/comments/xe9mjx/with_all_the_drsing_happening_in_the_sub_lets/) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?(extremely common question)** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +[A visual Guide to purchasing from Computershare](https://www.reddit.com/r/Superstonk/comments/prvovo/new_computershare_account_via_new_purchase_visual/) + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [HOW TO BUY FROM ANYWHERE IN THE WORLD](https://www.reddit.com/r/Superstonk/comments/q415wd/10_steps_to_drs_and_buy_directly_on_computershare/?utm_source=share&utm_medium=web2x&context=3) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +[Detailed post explaining how to sell online](https://www.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but we will manually approve it for you💜! + +To reduce clutter we will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +\*not financial advice +I'm 36yo and plan to semi-retire at 40ish -- my wife and I will work ~1/4 time and ramp down until we fully retire at 65yo. I'm just starting to realize how lonely it may be. Literally no one else I know has similar plans. While there are many stay at home wives in the area that my wife can hang out with, I know of zero young dads at home. Our kids will be in school and while I love spending time with my wife, I'm thinking I'm really going to miss the friends at work. + +Do any of you FIRE'd folks have this issue? Friends your age all working while you're off? +I thought I would but an auto bill just pushed through and my child’s father is $2000 behind on paying his part of child support. + +So now I have to cancel attending family Christmas at the last minute. I feel so awkward about what reason to give and so sad that my daughter will miss cousin and holiday time. + +I also don’t have as many gifts for my kid as I’d like, so I’m waiting until NY, after my next paycheck, for Santa to visit our house. + +Blah. Better year next year. +I thought I would but an auto bill just pushed through and my child’s father is $2000 behind on paying his part of child support. + +So now I have to cancel attending family Christmas at the last minute. I feel so awkward about what reason to give and so sad that my daughter will miss cousin and holiday time. + +I also don’t have as many gifts for my kid as I’d like, so I’m waiting until NY, after my next paycheck, for Santa to visit our house. + +Blah. Better year next year. +So you have $1,000 set aside, and you're ready to enter the world of investing. However, before you jump headfirst into the world of stocks and bonds, there are some things to consider. One of the biggest considerations for investors with a minimal amount of funds is not only what to invest in but also how to go about investing. Not long into your investment journey, you may find yourself bombarded with minimum deposit restrictions, commissions and the need for diversification, among a myriad of other considerations. In this article, we'll walk you through getting started as an investor and show you how to maximize your returns by minimizing your costs. + +**What Are the Account Minimums?** + +To the inexperienced investor, investing may seem simple enough - all you need to do is go to a brokerage firm and open up an account, right? What you may not know, however, is that all financial institutions have minimum deposit requirements. In other words, they won't accept your account application unless you deposit a certain amount of money. Some firms won't even allow you to open an account with a sum as small as $1,000. + +**Stocks** +Stockbrokers come in two flavors: full-service and discount. As the name implies, a full-service broker provides much more in the way of service, but it only deals with higher net-worth clients. It's common to see minimum account sizes of $50,000 and up at full-service brokerages. + +This leaves the $1,000 investor with the option of a discount broker. Discount brokers have considerably lower fees, but don't expect much in the way of hand-holding. Fees are low because you are in charge of all investment decisions - you can't call and ask for investment advice. With $1,000, you are right on the cusp in terms of the minimum deposit. Some discount brokers will take you and others won't. You'll have to shop around. + +You also could purchase shares directly from a company through direct stock purchase plans (DSPPs). Some of these plans have a minimum investment amount restriction, which ranges between $100 and $500. + +With the advent of online trading, there are a number of discount brokers with no (or very low) minimum deposit restrictions. One of the most popular online trading sites is Scottrade. You will, however, be faced with other restrictions and see higher fees for certain types of trades. This is something an investor with a $1,000 starting balance should take into account if he or she wants to invest in stocks. + +**Mutual Funds and Bonds** +If mutual funds or bonds are investments you would like to make, it is simpler in terms of minimum deposit amounts. Both of these can be purchased through brokerage firms, where similar deposit rules apply as for stocks. Mutual funds also can be purchased through your local bank, often for less than $1,000 when you have an existing relationship with the bank. + +If you want to purchase government bonds, this can be done straight from the government through TreasuryDirect. The only restriction here is the minimum purchase amount of the bond, which can range from $100 to $1,000. + +**Learn the Costs of Investing** +Before you open an investment account, you must also consider the costs that you will incur from purchasing investments once the account is open. In most cases, every time you purchase an investment, it will cost you money (through commissions). With a limited amount of funds, these transaction fees can really put a dent on your $1,000. + +Investing in stocks can be very costly if you trade constantly, especially with a minimum amount of money available to invest. Every time that you trade stock, either through buying or selling, you will incur a trading fee. Trading fees range from the low end of $10 per trade, but can be as high as $30 for some discount brokers. Remember, a trade is an order to purchase shares in one company - if you want to purchase five different stocks at the same time, this is seen as five separate trades and you will be charged for each one. + +Now, imagine that you decide to buy the stocks of those five companies with your $1,000. To do this, you will incur $50 in trading costs, which is equivalent to 5% of your $1,000. If you were to fully invest the $1,000, your account would be reduced to $950 after trading costs. This represents a 5% loss before your investments even have a chance to earn a cent! + +If you were to sell these five stocks, you would once again incur the costs of the trades, which would be another $50. To make the round trip (buying and selling) on these five stocks would cost you $100, or 10% of your initial deposit amount of $1,000. If your investments don't earn enough to cover this, you have lost money by just entering and exiting positions. + +**Mutual Fund Fees** +There are many fees an investor will incur when investing in mutual funds. One of the most important fees to focus on is the management expense ratio (MER), which is charged by the management team each year, based on the amount of assets in the fund. The higher the MER, the worse it is for the fund's investors. It doesn't end there: you'll also see a number of sales charges called "loads" when you buy mutual funds. + +In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same, regardless of the amount you invest. Therefore, as long as you have the minimum requirement to open an account, you can invest as little as $50 or $100 per month in a mutual fund. The term for this is called dollar cost averaging (DCA), and it can be a great way to start investing. + +**Reduce Risk with Diversification** +Diversification is considered to be the only free lunch in investing. In a nutshell, by investing in a range of assets, you reduce the risk of one investment's performance severely hurting the return of your overall investment. You could think of it as financial jargon for "don't put all of your eggs in one basket." + +In terms of diversification, the greatest amount of difficulty in doing this will come from investments in stocks. This was illustrated in the commissions section of the article, where we discussed how the costs of investing in a large number of stocks could be detrimental to the portfolio. With a $1,000 deposit, it is nearly impossible to have a well-diversified portfolio, so be aware that you may need to invest in one or two companies (at the most) to begin with. This will increase your risk. + +This is where the major benefit of mutual funds comes into focus. Mutual funds tend to have a large number of stocks and other investments within the fund, which makes the fund more diversified than a single stock. + +**A Small Step Toward a Large Future** +It is possible to invest if you are just starting out with a small amount of money. It's more complicated than just selecting the right investment (a feat that is difficult enough in itself) and you have to be aware of the restrictions that you face as a new investor. + +**The Bottom Line** +You'll have to do your homework to find the minimum deposit requirements and then compare the commissions to other brokers. Chances are you won't be able to cost-effectively buy individual stocks and still be diversified with a small amount of money. Given these restrictions, it's probably worth starting out on your investment journey with mutual funds. However, like all aspects of investing, it's up to you to do the research and figure out the strategy that suits you best. + +*(found here http://www.investopedia.com/articles/basics/06/invest1000.asp#ixzz3afPnR8EN )* +Long story short, + +Phone got stolen, they were able to access my Binance app, transferred everything within minutes. + +£4k invested gone. + +Been meaning to use a cold wallet for some time, paid for my complacency. + +For anyone as stupid as myself I would recommend questioning having exchange apps on your phone. And if you do, don’t have the app linked to the same email account that’s linked to the phone, as any their will have access to all of the confirmation codes that come though. + +Money comes and goes. It sucks I didn’t get to see the recovery. I’m still on board with Etherium, but unfortunately my ride has come to an end. +Was doing my taxes with TurboTax yesterday. Got to the payment screen. I was aware I would have to spend $39 for the deluxe version of the software based on my return. They asked if I wanted to pull the fee from my returns. I figured, sure, why not? So I selected that option. Got to a screen where you have to sign a few disclaimers that looked to be mentioning a $39 charge, which I assumed to be the fee for the software, but I didn't like the feeling I had about it. I decided to go back and pay for the fees with my credit card instead. Upon returning to the payment start screen, it showed an ADDITIONAL $39 charge for processing the fee from my taxes, separate from the $39 charge for the software. I switched to the pay fee with card option, and the additional $39 went away. + +So, it seems TurboTax is trying to sneakily tack on an additional $39 charge for anyone who elects to pay the fee through their tax refund. Just want to make sure everyone is aware of this. +[Russians are no longer allowed to leave Russia with more than $10k in a foreign currency.](https://www.marketwatch.com/story/putin-signs-decree-to-prohibit-leaving-russia-with-more-than-10-000-in-foreign-currency-01646176225) + +Now imagine you want to leave Russia and bring money with you. You don't want to hold Rubles because they're losing value by the second. You can't hold foreign currency. + +How do you bring money with you? Crypto. You buy lots of BTC and ETH, store your wallet keys safely, and leave the country with no one any the wiser. + +**Russians will use crypto to get out of the hellhole that is Russia and start a new life, now that they can't use foreign currencies to do it.** +You want to go to Walmart when you should go to Audio team to help you with your hearing? + + +What I am hearing with these Hearing Aids, This "company" sounds like they make reading glasses, but they are hearing aids. + + +[http://hearing.wustl.edu/Hearing-Aids/Hearing-Aid-Fittings](http://hearing.wustl.edu/Hearing-Aids/Hearing-Aid-Fittings) + + +[https://www.webmd.com/a-to-z-guides/hearing-tests-for-adults#1](https://www.webmd.com/a-to-z-guides/hearing-tests-for-adults#1) + + +[https://www.nidcd.nih.gov/health/who-can-i-turn-help-my-hearing-loss](https://www.nidcd.nih.gov/health/who-can-i-turn-help-my-hearing-loss) + + + + +The Big thing about Hearing Aids is you don't just see one doctor, you see a hearing team. + + + +### What is an Audiologist? + +[**Wikipedia**](https://en.wikipedia.org/wiki/Audiology)**’s definition of an audiologist is a health-care professional specializing in identifying, diagnosing, treating and monitoring disorders of the auditory and vestibular system portions of the ear. Audiologists are trained to diagnose, manage and/or treat hearing, tinnitus, or balance problems. They dispense, manage, and rehabilitate hearing aids and assess candidacy for and map cochlear implants. They counsel families through a new diagnosis of hearing loss in infants, and help teach coping and compensation skills to late-deafened adults.** + +### What is an ENT? + +**ENT stands for ear, nose, and throat, and an ENT is a doctor who specializes is conditions involving these three areas. The technical name is an otolaryngologist.** [**Wikipedia**](https://en.wikipedia.org/wiki/Otorhinolaryngology) **explains that patients seek treatment from an otorhinolaryngologist for diseases of the ear, nose, throat, base of the skull, and for the surgical management of cancers and benign tumors of the head and neck.** +[https://www.hearingbalance.com/hearing-blog/what-is-the-difference-between-an-audiologist-vs-ent](https://www.hearingbalance.com/hearing-blog/what-is-the-difference-between-an-audiologist-vs-ent) + + +You see a doctor who determines the damage and the type of hearing loss, +You see an Audiologist who has *PROPER TRAINING IN THESE MANNERS.* A good life rule is never stick shit down holes in your body you don't know about, that includes your ears. +" ***At the hearing aid fitting appointment, your audiologist will verify that the hearing aids are providing the correct amount of amplification by doing Real Ear Measures. Real Ear Measures allow the audiologist to know how loud sounds are in your ear canal"*** + + + + + +Do you really want to trust the health of your hearing to a bunch of yahoos selling cheap hearing aids out of the back of a walmart store? This is just my two cents to think about it. +FYI: This is not financial advice. + +However, the purpose of this post is to educate folks on the current macroeconomic trading trends responsible for the functionality and conditions of GameStop's stock. I'm here to inform the masses. + +**In my opinion, it's clear that we are dealing with a supply and demand phenomenon that has never occurred in the market before.** + +The volatility of this stock is not a function of widespread investor sentiment at this point, the current irregularity of the stock's movement is thoroughly a product of large institutional trader manipulation. + +Let's make one thing clear, it has been years since GameStop's stock has traded specifically on the fundamentals of the company. For some time now, $GME has been subject to an onslaught of targeted financial manipulation from large institutional traders (ie. Hedge Funds). + +[GameStop's Volatile Stock \($GME\)](https://preview.redd.it/s5rzpwqp24z81.png?width=1759&format=png&auto=webp&s=d3574fbc7a491e4ff447d903a9e02d3307226798) + +**So the big question to ask, what caused all this volatility in the first place and why is it likely to cause future volatility?** + +Let's explore the main trading tactic used by hedge funds and large institutional traders to game the system in their favour. This trading style has proven incredibility lucrative in past trades for these folks. + +These traders implore a tactic know in the financial world as shorting a stock. + +This basically means, that a trader analyzes the fundamentals of a company or it's stock conditions and postulates a general thesis, that the price of the stock is worth less than it is currently trading at. With their thesis established, they look to make a number of large bets on the decline of the company's value.