diff --git "a/reddit_finance_43_250k_312.txt" "b/reddit_finance_43_250k_312.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_312.txt" @@ -0,0 +1,10000 @@ + +Of course, it's not only a matter of hedgeing, is also that I think this is a good opportunity. I think that rates are going to keep their increase trend, so why not to benefit from it. + + I don't want to write a very long post that nobody will read, but muy reasoning is based on three main reasons: + +-Politics: some troubles are to be expected, not only because there will be major elections in the next months (Germany this year, France next), but also because with the lift of the lockdown, I think some social troubles that has been in pause during the pandemic are going to regain momentum, therefore, populism is going to rise, increasing worries on national expending. This at national level, but there will also some conflict between the UE countries, periferics and centrals, more or less like in 2012. + +-Macro: Inflation is coming to Europe no matter why. Manufacturing cost are increasing in China, commodities are getting more expensive and stocks are low. This means that for the next 12-24 months I expect that Europe imports inflation from other countries, first because we are extremely dependent on basic products from China, and then because commodities are paid in USD. +Of course, oil is still a big issue concerning prices, but less than previous years, but we are leaving oil as main energy source to increase electricity, which is far more expensive when you consider the investments that are needed (batteries for cars, electric network, etc) + +-Micro: to start, there is a lot of people who have saved a lot of money during the last 12-14 months, they want to expend it all, increasing prices, once prices are up, they rarely go back down. On the other side, governments and low rates for corporate loans have saved lots of companies from bankruptcy thanks to the pandemic relief plans, but this is going to end soon, therefore, the rates of commercial loans are going to rise. + +Don't forget that in Europe, the banks finance the big companies as they use less corporate bonds than in US. Right now, housing market is very high almost in every EU country, I expect bank's risk managers to decide to reduce mortgage exposure to increase corporate loans as rates will get more interesting because of the increase of bankrupt risk as I've told but also because the ones that survive will have good results, and will invest because of the prices increase. + +I don't know if this is clear, but for me, there is a snowball that is starting, and a lot of accelerator factors. + +On the other side, this is Europe, I don't expect the situation will go out of control. But if the EONIA is about -0.5% right now, I expect about 1% in the next 12-24 months, 2% tops, because unemployment is high. + +Nevertheless, this is a good opportunity knowing that finding good value opportunities is hard in current market. + +I've thought about this and I decided to invest in the bond market, but as I don't like to take big risks, I'm avoiding complex short term derivatives, at least directly. Also, I wanted a liquid market to avoid market manipulation. Therefore, I'm buying a short etf on the Bund market + +There is not a lot of choices tough, but I liked this one: + +https://www.lyxoretf.fr/fr/instit/produits/etf-obligataires/lyxor-bund-daily-2x-inverse-ucits-etf-acc/fr0010869578/eur + +You can see that the reference Index is quite well built, mostly because it has a system to avoid technical breakdowns, that are quite common in these times of automatic trading (remember the oil futures market in May 2020). + +To finish my post, please enjoy this article about shorting the German Bund (and old taboo): + +https://www.bloomberg.com/news/articles/2021-05-16/a-new-era-of-short-bets-against-german-bonds-is-beginning?srnd=premium-europe + +Have a nice day + ICOs are becoming more reckless with each proposal that pops up. We're heading towards a bubble within a bubble. The Ethereum Foundation has done a lot to create something amazing, but don't fool yourself into thinking that this is a sure thing. I'm a long term bull and have been for a little over a year, but even I know that this could all come crashing down at any time. That being said, with every passing week, with every exploit being patched, with every developer interaction, the chance of a single catastrophic event dooming Ethereum becomes less and less likely. The majority of the price action is comprised of pure speculation. If you choose to believe that fundamentals are the dominating factor this early on in the project just look at The Dao debacle. Ether lost nearly half of its value overnight and the system itself wasn't even attacked. I'd like to believe that traders and investors will not overreact if another event like that happens, but one can never be too sure when surrounded by people whose actions are dictated by greed, fear, and ambition. + + + + When Augur had its crowdsale and DigixDao had its ICO the numbers were scrutinized. It wasn't a Wall Street level audit, but it was about as close as you can get in the field that we're all in. After the $5.5M DGD cap was reached in 16 hours, I knew that this would set a dangerous precedent for future ICOs. And with every passing ICO the rules that investors and traders set for themselves are slowly eroding away by the promise of a profitable ICO. Most of these ICOs will not make you rich. It'll be surprising to see even a quarter of these ICOs be profitable enough for the early investors to recoup their investment over the course of several years. + + + + For Augur, DGD, and FirstBlood people are justifying the price of the tokens by assuming that the platform will be a wild success and its market share will grow exponentially. That kind of eagerness is starting to attract vultures that are hoping to raise millions and millions of dollars with a couple of reddit posts, an obscure business plan, and a halfway decent whitepaper. The unfortunate thing is that they're getting away with it. With ICOs like SingularDTV, please understand that the market that they're trying to target is almost non-existent. They're not trying to take on Netflix, HBO, Hulu. They don't have the manpower, the lawyers, the funding, the connections, or political power to accomplish something like that. The market that they're targetting is comprised of indie fans who are aware of Ethereum and will put up with the hassle of supporting it early on without any decent shows. It's mind-boggling to think that such a platform can raise millions quicker than well-established companies with actual connections. + + + + I'm all for start ups of disruptive technologies that have some kind of track record or an accomplished team behind it. These ICOs have none of that. Their teams are comprised of PhDs, MBAs, co-founders of other private ventures, etc., but what is going to do for your pocket? If they haven't made their investors a killing on their initial investment, then their track record means close to nothing. + + + + But I get it, a lot of people in the cryptoworld feel like they made some easy money over the months and years and feel like they could strike gold again or actually think that they're "diversifying" by gambling with these ICOs. The smart ones buy in and cash out as soon as the coin hits the exchanges. The hopeful ones are on the edge of their seats waiting for the developers to pass some good news their way. Before investing into an ICO, try to frame it in the scope of the physical world around you. If you have invested 100 ETH into the latest ICO, ask yourself if you would have done the same if you had $1200 in your pocket and someone on the street came up to you, showed you his or her resume, which may or may not be accurate, and then asked you to invest that money into a brand new idea without even giving you a comprehensive business plan with an audit? + + + + Threads pop up constantly requesting an audit of the code, but what about an audit of the business plan and the team? Why is the code that they write to collect the money more important than their integrity and the data that they provide? You're already participating in a fundraising that is in a huge gray area, why add the risk of not finding out everything you can about the people behind it? If most of these ICOs had any real substance behind them, then the team would be pitching it to investors on The Street or in Silicon Valley who have the connections and the means to gather nearly unlimited resources and funds. Instead, they pitch it to people who they have never met and phrase the contract in a way to cover their ass in case shit hits the fan. Sometimes it'll work out well for both parties, but often times it'll fail to take off and the only repercussion is that their non-existent real world reputation will be tarnished in the eyes of crypto users. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi all. Newly married here, and my husband is seriously into the stock market. I have more of a science/medical background, so I don't completely grasp or understand how our investments work. Husband is knowledgeable and works in the finance field. +Lately, I have been worried about our investments. All I know is he has short positions on tesla and netflix, and that isn't doing so well right now. When it has come up with his friend who does this for a living, he jokes about how sketchy and risky my husband is with his positions. +He will not talk to me in detail about it, and I have no idea how much money we have lost, or potentially could lose. A couple of months ago, he said we lost about 100k, but we made some or most of that back. +I just feel lost since I am not knowledgeable in this subject. He also covers most of our expenses, so I don't know if it's justified for me to stay out of it. We do well with our salary income, but I still feel like I should know what's going on with our money. +Anyway, I am asking you all how can I get him to talk to me about our investments, or what kind of questions I can ask to have a more clear gauge on where we are financially. Any tips on how to approach this subject with him, or what works with your marriage of this topic, would be greatly appreciated. +This is just a reminder for some: + +Haven’t we learned many months ago that the DTCC waived margin requirements in January 2021 and were complicit in stopping the GME run? This was just now confirmed from a somewhat reliable source. + +The DTCC is an exclusive club of the very firms who so desperately want to GME to just go away. This is all old news. That is the very reason DRS is such a big movement now. Removing your shares from the DTC! + +The short covering always had to be forced another way. Ways which I won’t get into now. All those Maxine Waters (or whatever) reports shows is that we were a 100% right back in January/February 2021 again! + +DRS and RC is all I trust will make this investment blow the fuck up. + + +Edit: Thank you u/hmhemes for the correction. + +It was collateral requirements that were waived not capital requirements to begin with. + +So it’s even more of a moot point that this is being used as FUD. But no one should expect DTCC to enforce any risk management procedures if it doesn’t serve their own interest imo. + + +Edit 2: I’m now seeing a lot of so called “counter FUD” posts saying “DTCC will be making calls and everyone saying/thinking otherwise is a paid actor and so forth. They’re all 1 year old accounts” yada yada. There are new MOASS rules implemented that weren’t there last year so they had to protect themselves etc. + +That might all be true plus I haven’t been accused personally but just wanted to clarify. I don’t feel defeated at all and the opposite of hopeless. This company is the future and DRS is the way. + +My point was that that “news” today wasn’t real news and I’ve thought all along MOASS will at least ignite through different means anyway, where we don’t need regulatory intervention. I have ultimate conviction in RC and the company but none whatsoever in the DTCC, that’s all. +Despite the losses, Ackman's investors appear to be sticking with him. Redemption requests for the first quarter totaled roughly 2% of the firm's roughly $12B in assets. + + +[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!* +"**We hosted a call on Friday, October 2nd with Erin Meyer, author of No Rules Rules – Netflix and the Culture of Reinvention, a recent book Erin co-authored with CEO Reed Hastings.** We delved into the philosophy behind Netflix’s Culture Deck, drawing on Erin’s inside look with interviews from over 200 current and past employees globally at Netflix, and sought to answer what made Netflix’s culture so radically unique, how sustainable it is as Netflix expands its reach globally, and whether the magic can continue without its current leadership. A replay is available upon request. Please contact your RBC sales representative for details. Key takeaways:" + +"**What is the Netflix Culture?:** Netflix published its famous Culture Deck back in 2009. Among its key concepts were the Keeper Test (keep those you would fight to keep, adequate performance gets a generous severance package), and Freedom & Responsibility (“F&R”, which Reed sometimes referred to as “operating on the edge of chaos,” offering employees the ability to operate with maximum flexibility and very few rules. What makes such radical concepts work? Erin noted the foundational premise of the **Netflix culture is that Freedom Breeds Innovation, Process Kills Flexibility**. And to get to this level of freedom requires first achieving talent density by hiring the very best talent with pay at the top of the market. It also requires employees to give each other (including Reed) feedback frequently and candidly. Coupling that with the Keeper Test ensures those who don’t make the cut get a generous severance, while the “stunning colleagues” are retained with a continuously adjusted top of the market pay. Erin pointed out that while many corporate cultures tend to be filled with generalized positive terms, Netflix seeks to identify the key dilemmas (e.g. job security vs. talent density) and set guidelines on how employees should make decisions." + +"**Will Netflix Work Without Reed?** Erin believes the corporate culture makes the success of the company, and the exceptional quality of Reed is that he not only preaches the ethos, but actively lives it by incorporating culture discussions in every leadership meeting, frequently soliciting feedback and more importantly celebrating feedback received from employees up and down the company. Erin saw the same candor and transparency with new co-CEO Ted Sarandos and across the organization. But is Reed the tent pole that Netflix couldn’t run without? While Erin acknowledged F&R couldn’t be implemented without a leadership’s full support and commitment, she also saw the same principle fully embodied in Sarandos’s leadership as well as that of many other executives. Would the Netflix Culture disintegrate if Reed hops on a sailboat tomorrow? No, though Erin believes sustaining this secret sauce of Netflix’s success requires the next CEO to be fully committed to the same principles that made Netflix what it is today. As for the newly announced co-CEO structure, Erin believes it should be business-as-usual for Netflix save for a title change given the company’s unique F&R principles." + +"**How does the Culture Translate Overseas?** We believe in the next decade, Netflix’ game plan in international markets will be the key driver of its 500x30 (our estimate of 500MM subs by 2030). Erin was a skeptic when Reed asked if F&R and the culture of candor can be applied to Netflix’s global offices as the company prepared its big 130-country expansion in 2016. Some regions like the Netherlands work particularly well with this culture – which Reed believed was foundational to its Freedom principle, while other regions like Japan, Singapore, and Brazil initially struggled. To crack the culture code, Netflix introduced a focus on relationship building that provided the context for amicable candor, as well as more formal feedback sessions that seem to have done the trick for its Japan office, though Erin believes this will be an ongoing learning experience as Netflix continues to expand its global footprint." + +"**On the Edge of Chaos**: Erin believes the emphasis on candor and feedback is in fact not unique to Netflix, and is becoming a wave embraced by a growing number of corporates beyond Silicon Valley. The notion of talent density is also not unique. But where Erin thinks Netflix truly differentiates is in radically minimizing policies and processes – no vacation & expenses policy, no decision-making approvals, and no management by objectives like KPIs. Perhaps part of what drove Netflix’s impressive cadence of putting out hit content across genres (from The Crown to Tiger King) lies in the magic of what Reed calls “operating on the edge of chaos” or as Netflix’s Head of HR Jessica Neal puts it – “Don’t control your stunning employees, let them run free.” +I can't get signed up to Monzo because their emails just don't come through. I haven't heard anything from customer support either. + +So, suggestions? + +For daily use to help budgetting and free to use abroad would be nice. +I'm using my throw away account. + +My partner refuses to work. He has a lot of what I would consider excuses. He says he's too anxious or depressed. When I confront him he locks himself in his room. His therapist says he needs to get a job and he is in no way a canadent for disability. + +Not working is his business but he makes me spend all my money. I pay 100% of rent and utilities. Because I am on the lease and these things need to get paid because I don't want to be homeless. He makes me pay his credit card bill because he says if he doesn't have gas or his car he won't be able to work/ will have to borrow my car. + +Basically all of my money goes to him. And he plays video games and parties on the weekend. + +I feel like he's controlling my finances. But I'm the only one with money. But he's basically forcing me to spend all my money on either bills or him. I feel trapped. I can't afford to move out anymore. He knows that. + + I make below the poverty level. I feel so so trapped. I guess if I knew if this was abuse or not would help me know how to approach finances in the future with a partner + +**Edit** + +**Sorry I didn't get the chance to respond to most of you. I was in class most of the day.** + +**I got a lot of good advice about detangling my finances from his and what I should focus on on my own finances and my own recovery. The moving back in with my parents is embarrassing but vvvv good advice. Ty** + +**Thank you everyone for caring** +Hey apes, + +I’m finishing up my degree in Mathematics this year, and as someone with education experience, I thought I could share an eye-opening view on what’s about to go down. A paradigm shift if you will. Spoilers, it’s gonna **blow your fucking mind** once this information sinks in. + +## Motivation +Why should you care? Well, humans (apes included) have a terrible track record when it comes to understanding orders of magnitude. It’s one of those things where our intuition leads us astray. We hear numbers all the time nowadays like 1 million, 1 billion, or even **1 quadrillion**. + +Now don’t get me wrong, those numbers sound pretty big, but I guarantee *you can’t even begin to imagine the size of these immense numbers*. + +## Going from $1 to $1 Million +Nearly every ape here would agree that $1 million is a hefty sum of money (they wouldn’t turn it down at the very least). For most people, accumulating a million bucks is a lifelong endeavor that’s usually only possible through diligently saving, investing, and maintaining a well paying job. + +However, after chasing after this goal for a while, we start the get an idea of the sheer scale of that wealth. But past that amount is where our understanding starts to fade. Most people don’t actually ever deal with numbers that are past the millions, but this is only the beginning. + +## The Next Step, Billions +I think a huge fallacy that many people believe is that after 1 million, you have 1 billion, and it’s not *thaaaat* much more. But **no**, **not even close**. + +Suppose you have $1000. If I asked you how close you were to having $1 million, you’d say not very close at all. And you’d be exactly right. **But here’s the thing - that’s the difference in magnitude between $1 million and $1 billion.** + +So we all *know* that 1 billion is 1000x as much as 1 million, but once you *understand* how much we’re talking about, you’ll start to realize why HFs are shitting their pants right now. But they’re not expected to lose billions, they’re expected to lose **trillions. Minimum**. + +## The Climb to Trillions +Ok look here, I’m gonna keep this one short and sweet. + +Imagine you have $1 and I have $1 million dollars. I think we could all agree that you’re a broke bitch, and I have a fuck-ton more money than you. But more importantly, this illustrates the difference between $1 million and $1 trillion. + +**The difference in magnitude between $1 and $1 million, is the same as the difference between $1 million and $1 trillion.** Imagine you’re a millionaire (maybe you don’t have to you lucky bastard). Compared to the volume of assets that HFs are currently holding, it’s as if you only have $1 and they have millions. **What you have is fucking. drops. in. the. ocean. That’s how much $1 trillion is. And this is the kind of money they’re set to lose.** + +But *oh my fucking god*, it doesn’t stop there. RC wasn’t joking around when he said buckle up 🚀🚀 + +## 1 Quadrillion, The Final Destination +The size of the derivatives market is potentially **as large as $1 quadrillion**. But let’s suppose that it’s “*only*” $500 trillion. You’ve seen the DD already, so you know that we can legitimately sell our shares for millions. But take a step back and look at the bigger picture. Try to imagine the sheer magnitude of wealth that is about to change hands. **You fucking can’t. It’s literally too much for our ape brains to comprehend.** + +Can you even begin to imagine how terrified Wall Street is right now? Let alone Citadel? They’re positioned to lose amounts of money that *I didn’t even know fucking existed until a few months ago*. + +**That’s what we’re fucking dealing with.** + +**tl;dr** +I have shown here that our small ape brains cannot comprehend the scale of shit that’s about to hit the fan. + +Buckle the **FUCK** up apes. +It’s gonna be one hell of a ride 🚀🚀 +There's a few folks here who maintain multiple residences, and quite a few fatfire with children. Does anyone have experience with splitting the year between two countries with school aged children? + +We currently have a 2yo and one on the way and are thinking whether it's feasible to have homes in two different cities, and thinking through how that could affect the children when it comes to school age. + +We're originally from Russia, don't see a future beyond work here in the emirates and will at some point leave. We were looking to Australia, NZ or Canada for a second base, so we'd have one apartment in Moscow or St Petersburg, a second in Sydney, Melbourne, Brisbane, Auckland, Montreal or Vancouver. + +This lets us play around with weather and school holidays, e.g. in New Zealand the summer holidays are from December to February. +It also allows for a different focus on language, e.g. English and French in Montreal, and Russian in Moscow. +The friend circle would be diverse coming from very different backgrounds. + +There would be two very different and imho complementary cultures available to our children, the stable country where everyone follows the rules without question and trusts authority figures (Canada/Australia/New Zealand), and the one where everyone bends the rules, is suspicious of authority, and generally has a more entrepreneurial spirit (Russia). + +Anyone with experience doing something like this able to share any insight? +So been a dream/ a goal of mine. 19, trading for a great 2+ years. Started as paper trading. got good capital, got side jobs available 24/7 for guaranteed cash. Want to go full time trading but curious what people did before full time trading and what safety nets were installed for any given moment of possible financial pressure. Not planning on going full time today. Just for the near future. +I created a House Representatives stock software. + +Recently, I [wrote a report about their trading](https://unusualwhales.com/i_am_the_senate), and how it impacts their voting in 2020. + +Examples: +- For example, Pelosi in Dec 22 was against more stimulus. Her husband buys deep ITM TSLA and AAPL calls that day. December 23rd, she is suddenly for stimulus again, with those same companies rallying 5%, giving her an instant +30 return. + +- Congresman Gianforte, on March 18 he buys 1 million in $GSK (GlaxoSmithKline). +March 19 purchases 15k in $SNY (makes hydroxychloroquine). Both receive FDA approval days later. + +Summary: +- House Members [traded a lot](https://twitter.com/unusual_whales/status/1378870974825734146) + +- Most house members followed trends far earlier (ie: pharma/covid plays before retail, tech before/during shutdowns) + +- House members are outperforming market averages +Most Congress trading happening in June (covid vaccines), February (before covid released on selling), and March (QE announced), and August (tech rallies + more vaccine news) + +- For the first time in congressional data, 2020-2021 saw numerous house members use options to leverage information and positions before the public. This is unprecedented. + +- The [whale catches the stock and options](https://unusualwhales.com/alerts) moves by senators/representatives, but this is only known after the fact due to reporting requirements and delay from the elected official. + +Full report [here](https://unusualwhales.com/i_am_the_senate). +I've tried to trade actively for about 3 years now, and have lost a total of about $4000 (out of $30K). Over the course of those years, I've traded off gut feelings, stocktwits, indicators, the news, algo flows, tarot cards, planet position, etc willy-nilly with no real strategy. In fact, just losing $4000 in total is pretty impressive imo :) + +I've finally decided to really get down to it and develop a very specific plan that I'm going to force myself to stick to in order to see what works for me. I can usually trade 630am-730am (west coaster) before work and so all of my trades will have to be entered within this time frame. Please let me know what you guys think and if there's anything I'm missing. + +1. Only >large cap tickers (because I know these best, although this can change in the future). +2. Risk is 1%/trade... R = $250. +3. No trades will be done within 15 minutes of open +4. Indicators will be 200EMA and VWAP, frame will be the 5m chart + +* Only go **long** if: price breaking up from VWAP w/ 200EMA uptrending +* Only go **short** if: price breaking below VWAP w/ 200EMA downtrending +* Stop loss will usually be just on the other side of VWAP, reward will usually be set at 2-3x that... depending on where long-term S/R zones are + +That's all there is to it. I've gotten carried away many times by adding too many details here and there. Decided to keep it as simple as possible for now. + +Any advice/feedback welcome! + +&#x200B; + +**\*\*\*UPDATE 8/17\*\*\*** I tried one trade out on Monday morning. The result is posted below in the comments section +I don't mean patience as in the patience to ride through both the bear and bull markets, but I mean order patience. I personally call limit orders that are set intentionally low to catch dips, snipe orders. + +A lot of new investors set regular limit orders or snipe order but when they're not filled quickly, 10 minutes or less, they cancel and raise their price to try and match the market, maybe not the exact top, but a bit off to catch a slight drop. I used to be and still am guilty of this from time to time, but I've also learned to believe in judgement I make and not regret them. If I get a gut feeling and have done my research to buy into and ICO, I will, if it crashes, I don't blame myself, it would be the same if I got the gut feeling not to buy in then it went up 2000%. + +But I rattle on, the point is that investors need to believe in the decisions they make if they think the grounds is rational, even if it means waiting a few days for an order to fill. Take for example I set a snipe order for 2 eth at 250 each on Monday, I saw a dip to 274 on Thursday so I pulled the snipe order at bought in there, today it's down to 250, if I had just believed I would have gotten the eth far cheaper. But even then I don't blame myself, because I thought at the time it was the right thing to do. + +Remember new guys, read, learn, and most of all, with reasonable grounds, believe in the decisions you make. Because if you don't believe that your actions are right when you invest, you're basically signing up for failure. +Yolo’d everything I had the day after DFVs double down in February. Had no idea it would take me here. I have personally learned so much about our markets from this experience, and will live a life supporting and combatting the fuckery that goes on within Wall Street and our Government. + +Thank you to the DD writers. The ability to breakdown complex scenarios for dumbasses like myself. I truly do not believe I would have stuck around without the DD. + +If this is it, I swear to god I’m gonna miss spending hours roaming this sub, telling my girlfriend “big day for GameStop coming” and then nothing happens just to repeat it for the next hype date. Example being this Thursday 😂 + +Either way, MOASS or bust. See you all on the other side. +Went to put my monthly meter readings in, only to find [this message](https://www.tonikenergy.com/). + +I currently have about £55 credit with them, and my DD usually goes out on the 9th. + +Anyone know how long it takes Ofgem to sort it out, and is the message’s advice about sitting tight correct? + +**Edit:** Looks like they've been shaky for a while. [Ofgem Final Order](https://www.ofgem.gov.uk/publications-and-updates/tonik-energy-limited-final-order) +I'm watching some new ETF's like: SPYX, and seeing a "short attack", isn't that a dumb idea? Doesn't that just set up a buying opportunity? + +Because they're not affecting the underlying stocks, they're just mis-pricing this one ETF? + +What am I missing? + + +Hello all, + +I have an accounting undergrad and will be pursuing my MS in Finance this next year. Afterwards, although I am not entirely sure where I want to work yet, I am looking forward to an intellectually stimulating and lucrative career. + +However... + +There is a lot, and I mean A LOT of negativity on the internet about the work-life balance in finance. A quick Google search turns up a number of financial professionals who have written about the horrors of regular 70-80+ hour work weeks, overly demanding bosses, and general unhappiness with their career paths. + +Now, don't get me wrong, I know finance is tough and I am prepared to work hard. But still, at some point in my life I want a family and time to pursue hobbies. I simply refuse to let work consume my life. + +So, I suppose the question I am posing to those of you in the professional world is how do you make work-life balance work? Are finance jobs with 40-50 hour work weeks that uncommon? + +Thank you ahead of time for your responses. + +tl;dr: I will be entering the financial world soon, and there is a lot of negativity on the internet about work-life balance for these jobs. Is it really that bad? + +EDIT: Thank you all for your informative responses. I really appreciate your willingness to provide me some insight into your careers. +Hello my dear FatFIRE crowd. I believe this is my first post here, although I've been following the community for a long time. I believe I share many of your values and priorities, but sometimes I feel behind in terms of income and NW (although when adjusted for Purchase Power Parity, I think I could more or less belong to 'the club'). The last two years have been great for me. I own my business, but as usual in IT Consulting/Development I have most of my income concentrated in 1-2 clients. I made around 200k/yr net and I have managed to put aside 2/3rd's of it (living in Eastern Europe makes it easier). + +Unfortunately, this year I am feeling pessimist. And it's not just about the market behaviour over the past couple of weeks. I also fear my main client will cut down hours or possibly even not renew our contract. I know what I have to do, but I have the 'feeling' that this will be a bad year. + +I experienced a severe decrease in revenue 5 years ago and I survived it, although it wasn't fun. I wasn't ready that time. This time I'm ready financially, but not psychologically. + +For those of you who have made it, or are ahead of me along the way... have you had good and bad years, followed by more good ones? I have the feeling everyone is living an ever-upward trend when it comes to income and I envy that, but I can't (yet) guarantee that in my line of work. Is it 'normal' to have a couple of bad years in which you may end up with a lower NW, and (hopefully) resume its growth later on? + +For those lucky enough to have always kept an upward trend, how did you do it? Any comments about it? + +I realize that a slow but constant upward trend tends to make us humans happier than a rollercoaster, even if the rollercoaster happens to leave you with more money in the end. I crave a stability which I don't have, and my savings are what allow me to deal with the anxiety, but oh boy does it feel shitty to have to tap them. + +Thanks everyone for your input. I value you all very much! + + +edit: grammar +As many of you already know, AI is the future and we're just at the beginning of it. I know Montréal has been named one of the hot spot for AI. Is there any good AI oriented companies from Canada on the stock market right now?? + +**EDIT :** Thanks to whom suggest **$ZAUT** and particularly this [Emerge ARK ETF](https://emergecm.ca/emergearketfs/) it's exactly what I was looking for! ✨ +Tesla is banking on a combination of new legislation, pending dealer applications and other factors to open doors to selling directly, but the company's legal staff is ready to use a 2013 federal appeals court ruling in New Orleans (that determined St. Joseph Abbey could sell monk-made coffins to customers without having a funeral director's license) if necessary. +I don't know much about stocks. I work in healthcare, where money is no object and there's always a shortage of everything. But I know how psychology works, and when people attack and get defensive, something is being hidden. + +FUD attacks on retail investors and specific individuals (I love you u/dlauer, fuck the FUD). MSM shouting form the rooftops that there is no recession and it couldn't happen ever ever ever and they're more bullish than ever (eat poop, Cramer). There's something abut denial and aggression that gives me more confirmation than ever that GME is the safest place for my money right now. + +SPY and QQQ hitting 52 week lows with GME sitting well above the $80 low earlier this year. Options chain looking spicy. Impending NFT marketplace. Vote-affirmed stock dividend. I cannot wait to be right. + +Every naysayer, every YouTube grifter, every friend that said I was stupid and didn't know shit about the market. Even my wife who is still slowly coming around. + +I can't wait to be right, to come out on top, and to be the change I want to see the world over. + +We're getting close friends, stay zen. +I watched a game developer rant on usage of nft that are admittedly stupid (bringing nft items from any game to any other completely different game for example), but he never talked about doing that within single games, or digital game downloads as nft themselves. + + + + +It was a long rant to slam NFT by poking holes in the worst concepts, because most people already don't know what they are, or the benefits, or if they are only getting the worst idea fed to them as if that's all there is to it. + + + + +Frustrating. I'm no NFT expert, but I have been a software developer for a long time and I can try to answer questions to help clear the FUD. +I was with Santander and loyal to them for years, but in the last 18 months, I've switched current accounts 3 times, getting a bonus of £100-125 each time (£325 in total so far), and I'm currently in the process again of switching for another £130. It's amazing how easy and efficient they make the process, I assume every bank must have a team of dedicated switchers cooperating with other banks? To generate an extra £455 in 18 months I feel is pretty good going and a no-brainer. Does anyone else do this? + +When I first did it I assumed I'd have to set up all my DDs/standing orders again and give everyone my new details, but all this is done for you, once you realize how easy and completely stress-free it is it's a great way of nabbing yourself an extra £100ish once or twice a year. +With EOFY around the corner and performance reviews underway, I’m curious to know whether AusFinance members are expecting a pay rise for FY 21/22? + +To share my own context, I work in the legal industry and despite the initial COVID doom and gloom last year, my firm reports they are doing much better than expected financially. In saying that, I didn’t receive a pay rise or bonus last year as it was still relatively early in the pandemic and a cautious approach was taken, so am super keen to make up for lost ground. After working hard and having a really good year, I’m hoping to get close to a 10% salary increase. Time will tell whether that’s realistic! It’s difficult to know what to expect or push for in the current climate. + +Keen to get insights into what others are experiencing in their own industries. +if interest rates are going up shouldn't this be a positive thing for bank stocks? bank of america, JPM etc.. have all been destroyed over the last 2 weeks. + +&#x200B; + +if interest rates are going up shouldn't this be a positive thing for bank stocks? bank of america, JPM etc.. have all been destroyed over the last 2 weeks. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +To all the newbies to trading and options it is very important to set a stop loss with all trades. Doing this could’ve saved me a few dollars this week so always remember to figure out your max loss you’re willing to take (everyone is different) and move on if you get stopped out. Do not try to chase losses. Any other lessons people learned through experience please let me know so I don’t have to learn them the hard way lol. +Hello folks. + +At my job, i sell life insurance solutions (in switzerland). + +But my job does not make me happy, even if the salary i have, based on provisions, is good. For example, my january salary was 20k. But i dont like my job, i hate it. + +I started trading 8 months ago and i am 90k up, mostly due gme and some other trades. + +I want to make my own thing, and start to trade as a full time job. I have 400k to start. But i am unsure if i should do it. + +I earned more with gme in 3 days then i usually earn in a year. I know that this was luck and also is ilusional. I dont even want to get rich. I just want to do my own business. + +I need 70k in a year to maintain my standard. Should i risk it, for my freedom? In my opinion, 400k should be enough to start that shit. Need the wisdom of some internet strangers now. Thanks in advance. Peace +Just wanted let others know about and to say how helpful Ally's savings 'Buckets' are and the way you can split your savings account up into smaller sub-groups to view how your money is divided. When you look at the main page it shows all the money in your savings account together (ex. $5K), but when you click on the individual savings account it shows money split into your designated subcategories like vacation($500)/emergency savings($3K)/house down payment($1,500)/etc. I even have my recurring savings splitting up automatically into each sub-category each month. + +When my money was previously lumped together I never wanted to spend anything because I had no clear picture of how much was saved for what, even when I knew vacations and other savings beyond just 'emergency' things were present. This actually was very conflicting for me because I couldn't easily see my progress with my savings. Now that its separated, I love it. I feel I can comfortably budget for a vacation, or a more expensive item I've wanted for a while, knowing I'm still protecting the accounts i'm growing such as down payments or emergency savings! + +It's just a virtual form of the physical money envelopes tactic, but it fits so well with our electronic/online banking life! + Apes… You have no idea what you did. With your diamond hands you cut off the blood supply to the “great vampire squid wrapped around the face of humanity” aka Goldman Sachs. + +This moniker was coined by Matt Taibbi in his legendary article **“The Great American Bubble Machine”** from 2010 in Rolling Stone that made a big splash at the time, just after the great financial crisis. + +&#x200B; + +[Rolling Stone](https://preview.redd.it/c83ut5uul6t61.png?width=695&format=png&auto=webp&s=ffd812ad8cb836f82be1145d8756600258638c34) + +# GS is everywhere. So how is it involved in GameStop? + +GS is one of **Melvin**’s prime brokers, as you can see from Melvin’s filing here: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +GS was also the prime broker to the family office **Archegos**. + +GME was not Melvin’s biggest short. Its biggest short was **GSX Techedu**. And GSX also squeezed incredibly in Jan but was not widely reported in MSM. + +&#x200B; + +[\\"Institutional Investor\\" website](https://preview.redd.it/apsmndg5m6t61.png?width=697&format=png&auto=webp&s=4e3993a8e799ca58fac7dc686284688f89f4467a) + +&#x200B; + +[GSX Techedu squeezing in Jan](https://preview.redd.it/3iifcea7m6t61.png?width=844&format=png&auto=webp&s=54eb7fe5aa31471b91683a19ed6b6a7a7c03bd7e) + +Melvin had a levered **short** position in GSX Techedu financed by Goldman. + +Archegos had a levered **long** position (via equity swaps) in GSX Techedu financed by Goldman. + +So Goldman was making money in prime broker fees on the same security on both the long and the short side. If you remember the equity swap diagrams in my previous post ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/) ), you will know that the prime broker relies on shares being readily available and constantly flowing through the financial system. + +# Here’s what doesn’t make sense to me + +**Question 1:** Why did Archegos have an enormous long position with enormous leverage in a company like GSX Techedu which is worth $6 billion yet has never been audited? **Muddy Waters** offered evidence that the company was a fraud and that its customers were actually bots, hence its interest for short sellers, including **Melvin**. + +&#x200B; + +[No link - my post gets deleted](https://preview.redd.it/z85ya5llm6t61.png?width=791&format=png&auto=webp&s=23e430ed4b3ad11aceb8356ce2569e1165c83d5a) + +**Question 2:** Why would the big banks provide so much leverage to create such a massive long exposure in a fraudulent company? Unless they thought that the leverage could engineer a sure thing. + +**Question 3:** MSM is saying Archegos was “margin called”. But why? When you look at the price charts of some of Bill’s long swaps, they were doing great. Bill was making money. Until GS tanked his shares. + +&#x200B; + +[Bill's longs - until GS tanked them](https://preview.redd.it/org6uxgrm6t61.png?width=1008&format=png&auto=webp&s=1d4606eca73732c1928f0da6e3d89cd5e9feb0e5) + +# My speculative answer + +What happens to a prime broker when its hedge fund client fails? You can read the details here in my previous post: ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/)) + +**TLDR: If a hedge fund client fails and shares are not available to unwind the swap, the PB is f\*\*ked.** + +Melvin’s biggest short was not GME. It was GSX. Both GSX and GME squeezed at the end of Jan. GSX because of Bill. GME because of apes. + +Remember that GS was financing Bill on the **long** side of GSX. GS was fine as long as both the short and the long client were making their payments and GS was making money between them. But with apes diamond-handing GME, Melvin collapsed, putting an end to this jolly threesome. + +GS was likely helping Bill to squeeze GSX but probably wasn’t planning on blowing up Melvin completely, it just wanted to suck as much money as possible out of both of its clients. For that, they need to be alive. Think, parasite. Or vampire squid. + +&#x200B; + +[Vampire squid](https://preview.redd.it/8d4roundn6t61.png?width=308&format=png&auto=webp&s=401f695a214fe4bfc2bcaff84ab15e997e606cd3) + + + +So Melvin died, but was put on life support with a bailout from Citadel and Point72. My theory is that Kenny did this to help GS and the other brokers rather than Melvin itself. If you refer back to the diagrams in my equity swap post, you can see that for a prime broker, a short client failing is much worse than a long client failing. Archegos was still going strong, but GS didn’t like the threesome any more without Melvin. *GS only had a sure thing when it was the one in between getting payments from both sides.* Now Archegos is also dead. But GS is still alive. And Melvin, sort of. Melvin is now GS’s albatross. + +&#x200B; + +[Legendary](https://preview.redd.it/8f8u0ksgn6t61.png?width=564&format=png&auto=webp&s=5efab0a854cbc1844135cc2256b8929d946852d1) + + + +This doesn’t change my theory so far, it just strengthens it. **TLDR if you haven't read my previous posts** 🚀🚀🚀🚀**:** Citadel is helping the prime brokers by doing what it can as a market maker to bring the price of GME down and to engineer “doomsday” (see Kenny’s FT interview) while the position net short on equities and long on gold to make money and to insulate themselves from a market crash. Because GME’s beta is so negative, this seems to mean that to do this, GME will have to moon. We have known for a long time that GME has a weird beta, but **so does GSX Techedu**. Don't ask me why. Are extremely negative betas the new normal? + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/d83nxi0sn6t61.png?width=738&format=png&auto=webp&s=edcfd167ba73601d2f92a7bf7edf4cac73b606ac) + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/xlycmnmtn6t61.png?width=734&format=png&auto=webp&s=e6449fd47fb995c8274c131b6a6576c4d192dd3e) + +I was going to share some sources but my posts gets deleted. Otherwise, you can find plenty on Goldman online if you google "Goldman" and "mafia" together. + +&#x200B; + +[No link](https://preview.redd.it/sc08ssy1o6t61.png?width=810&format=png&auto=webp&s=d60b87c3ba281a33d0e3ca9bb05e45ab2fe2a8e6) + +# Last question + +Where is Bill Hwang? Is he dead? Is he in the Caribbean? Why isn’t he suing Goldman? Makes me think of this movie. + +&#x200B; + +[Movie recommendation](https://preview.redd.it/yf4gvik5o6t61.jpg?width=590&format=pjpg&auto=webp&s=093b70aab5e51c0ed83dfa91b0f022db876be5b9) + +Check it out – is a very good financial thriller about private money, special relationships and sacrificing your life as a whistleblower. + +Disclaimer: Not financial advice of course. Educational and entertainment purposes only. +I'd love to learn some new ways to save more. + +One of my "tricks" is that you can eat the stems of broccoli. You just slice it really thin and cook it along with the heads, and it tastes great. It is a little trick but things like this add up. + +What can you share? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Up 15 percent premarket after a 20 percent gain yesterday . Up to 900 usd per share . Never seen such a meteoric rise of a well known large cap company in this short of a time frame Wow definitely feel FOMO from this one but still resisting unfortunately +I sold 2 stocks at a loss around weeks ago when the markets were tanking and everyone said a massive crash is coming. + +Today both those stocks are way up and one is even at 52 week highs....sighs. + +I sold Enbridge right at $40 which is now its freaking 52 week low, and now its into 52 week highs not even 2 months later!!! Sighs. + +I always buy large cap stocks with yeara consistant historical dividend increases. That way if they go down they should usually come back, and the dividend can usually dig me out.... + +But emotions kicked in watching it drop every day and I had been holding it at a loss since I bought it 14 months ago. I finally said if it drops to $40/share I'm out and placed a stop loss order to sell at $40. + +Of course it dropped to $39 , which is about a 20% loss and then it started to climb fast, and now is 17% above my purchase price.... + +At least I got some dividends to lessen the damage (a bit) + +If I sold today (just 6 weeks later) I would have made a 22% return in just 14 months since I bought the stock (dividends included) + +Hope this experience can benefit someone here. It's a good lesson in how much fear can manipulate our choices.. +Alright guys, first I'm going to lay out my thoughts, feelings, and aim for the direction of this subreddit. I've heard this echoed several times but I'll be blunt: the quality of discussion here has slipped over time, especially concerning anything that's remotely political. My goal is to maintain a higher standard of investment discussion than your average financial subreddit (looking at you /r/personalfinance). Obviously this is a general investing forum so we're open to all but I rarely see white papers posted anymore and I see a lot more stuff that isn't really that relevant to investing. I personally have taken to removing these threads automatically - something like "elon musk tweets that he wants to build an elevator to the moon by q12020 just isn't really investing news. Sure it's interesting and funny, perhaps even newsworthy, but it's not something that really deserves to be on the front page of the subreddit. + +So guidelines on corporate posts, /u/crasymike has guidelines here: https://www.reddit.com/r/investing/comments/b3ss3q/topics_being_removed_corporate_news_vs_investor/ + +I feel like these are very thorough and complete. Feel free to weigh in here but I'm largely just reiterating what he said. I think those are super good guidelines and I'm happy with the clarity it provides us in describing why we're removing threads that we don't think are investment related. If anyone wants a real world example a lil bit back I removed a thread that was about BOA raising their minimum wage to $15/hr. That's great news, it's definitely newsworthy somewhere, it's not relevant to investing. Now if someone broke down staff costs for BOA and which percentage of those were low earning employees then in turn described how this would impact BOA's cashflow then perhaps it would have stayed. But that wasn't the case. Hopefully that provides some good clarity on what we're looking for here. + +So on to the big question mark. We've been cracking down on this for months but I'd like to lay out some firm guidelines for political posts and comments. Basically I'm going to mimic Mike's post above but also I want to discuss how we feel about aggressive enforcement. First let me start by laying out my reasoning: + +Anyone that's been slumming around this sub long enough remembers that it used to be a lot different when we were south of 400k subscribers. Things change, that's fine. But back then we had a higher percentage of industry professionals and more seasoned investors. When politics came up most people weren't interested in the low effort mudslinging. Most people here just stuck to discussing the investment aspect of something naturally, [here's a great example of a thread on Bernie's transaction tax in 2016](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/). Now lets be honest, if that thread was posted today within 30 minutes the entire thread would be people arguing about socialism, student debt, boomers, Trump's haircut or skintone, really just about anything but the actual impact of transaction tax on markets. And the rest would be "why does bernie hate retirement funds" or some other similarly low effort bullshit that displays absolutely no analysis. That's bad. + +Now, to be clear I believe we need harsher enforcement of comments in political threads than regular threads. Lets be honest with ourselves, people personally identify with politicians and take personal offense to political attacks. That's just the way it is. Everyone is just so damn worked up and angry about politics. If I say I think Jack Welch was a shitty CEO or that the management team over at Exxon is full of idiots I may have people disagree with me but it's not going to create a situation where some mob of Welch supporters starts calling me a fucking moron. If I say Donald Trump or Bernie Sanders is an idiot then people are going to lose their shit. So here's the thing: top and high level comments are key. As much as I hate it people upvote these inflammatory comments, then people respond aggressively because they've been personally offended, then all of the sudden I can't actually discern /r/investing from the comments section of your local news station on facebook. Seriously, if you ever want to feel like a genius go to the facebook comments on a local news article, any news article, really. it's filled with complete idiocy. That's what we're fighting, because if this is left unchecked all of the sudden this place looks like /r/politics or /r/the_donald and nobody wants that. If you want those sort of posts then you can go there. + +So here's what I'm proposing, you're free to express your opinion so long as it's tied to investing, you put effort in to it, and it's civil. + +**Tied to investing:** This should be obvious but damn I can't tell you how many top level comments I remove concerning immigration, social rights, literally just people's disdain for [politician], how hard it is out there for millennials, etc. you have to understand what your comment does, it attracts other comments that are discussing this subject and all of the sudden we've got a thread about manufacturing filled with comments discussing how it's hard to make a down payment on a house. Look home ownership is nice but that's not topical and not related to investing. + +**Effort:** This is admittedly subjective but lets give some examples: + +Bad: This is fucking stupid, why does bernie hate savers, MAGA!, Trade wars are easy to win right?, Orange man bad, lots of TDS here, Pocahontas just wants to tax your money away, Tulsi Gabbard's workout video on instagram is hot, [republicans/democrats/specific politican] hate america, etc. + +Do these add to any sort of conversation in any manner? No. + +Good: "Wow, I think Trump's recent move is pretty bad, China can do XYZ which will cause imports to go up/down and this is bad because ABC." or "Trump is in the right here, with the current IP theft we need to take strong action, this will set us up for XYZ" + +these are both differing positions that people may agree/disagree with but you're making a good faith effort to have a discussion. This is good. + +**Civility:** I'm having a lot of people that don't post here a lot telling me that the current political climate warrants outrage and they need to be able to express that. No you don't. There's literally hundreds of politically oriented subreddits for you to go rant about how outraged you are. You'll get plenty of upvotes and no crabby mods are going to ban you for shitting on their lawn. True story. I'm going to be completely honest: if people are not capable of discussing a topic that impacts investing without losing their shit and lobbing insults then they are not the sort of person we're catering to. So lets quantify that too: + +Bad: this fucking idiot is going to ruin the country. Bernie is a socialist and will ruin everything. Trump is literally incompetent. He's a criminal. Republicans are literally just in it for their own self interest. Democrats hate America. + +Good: I definitely disagree with this approach, so far I'm not happy with this presidency because of [investment related XYZ]. I don't like [candidate] because of [investment related XYZ]. + +I don't think it's too much to ask for everyone to not use this sub for their partisan word vomit. + +**Now on to enforcement** + +Here's my proposal, I haven't run this by anyone yet so I'm sure other mods will chime in and we'll all arrive at something together. When I remove comments that don't fit in the conversation I check a lot of post histories. 95% of the time the people that come here to throw political haymakers never post here otherwise. They often frequent political subs(yeah, news and worldnews count) and they are often the worst offenders with derailing conversation. I kinda get it, maybe they subbed here but don't know anything about investing. Investing can have a steep learning curve but everyone knows which politician they hate. So, with the context that I intend to write up a long post of finalized posting/comment guidelines and combine that with the current corporate news vs investment news sticky, then have automod post a sticky to political threads imploring people read said guidelines BEFORE posting and that violating said guidelines results in an immediate ban I propose this: + +If someone diverts conversation purposefully to political topics that aren't related, they post some low effort meme [MAGA, Orange man, TDS, any given trump insult, stable genius, trade wars are easy to win, Pocahontas, I'm sure I'm missing tons], or they just insult a politician overtly (think "fucking idiot" vs this isn't smart) then they're getting a 30 day ban. + +If they attack a person directly for their position, their post is a prolonged rant/personal attack against a politician/party, or they're being extreme about violating the above guidelines then they get a 60 day or possibly permanent ban depending on severity. To be clear there have been some subjects that automatically get people permabans already. Racism, homophobia, religious attacks(dude I swear someone asked about Sharia compliant investments and got insulted three times before someone answered), death threats, etc have warranted permabans already. + +My reasoning is simple: in my observation most of the toxic behavior comes from people who aren't contributing otherwise. I don't really want them as subscribers. I personally am fine with hurting our subscriber numbers if it means better more focused discussion. + +So thoughts? have at it. + +Other things I wanted to float that are tangentially related: Possibly instituting character minimums for posts? Either self posts or comments as well. We might grant exceptions to regular contributors? I really have absolutely no idea how or even if I could pull that off. And I certainly don't know if it's a good idea. + +Any other ideas? Suggestions? Have at it. +Hi Everyone, + +I’m a new investor, starting his journey to financial independence. I have been gathering learning materials and stumbled on BiggerPockets. I am impressed by what they have to offer, but I am wary of Guru’s. What is everyone’s opinions on BiggerPockets? +https://www.reuters.com/article/us-usa-sec-investors/u-s-sec-proposes-allowing-more-investors-access-to-private-companies-idUSKBN1YM245 + +WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies. + +The agency hopes the changes will boost retail investors' access to the swelling pool of companies that are staying private for longer and longer, but it has sparked worries among some investor advocates who say even seasoned investors struggle to spot problems with private companies. + +Under current SEC rules, individuals who wish to put their money into the high-risk, high-yield private markets must earn an individual annual income over $200,000, or a combined $300,000 in shared annual income between spouses, as well as hold at least $1 million in assets, excluding one's home. +I received an email from HMRC about a tax refund, and disclosed my details +called the bank to let them know I made this mistake. + +The day after, I got a call from the bank telling me that my account was compromised and that I need to transfer my funds to a “secure account”. +It was the same number that is on the back of the card. I then transferred everything in my account plus overdraft. + +When I realised I was scammed, I went into my local santander branch. They told me they are not liable for financial loss despite someone using their phone number. + +I've called the police and filed a complaint on the financial ombudsmen website. Is there anything else I could do? + +Thanks for reading +*Edit:* Thank you all for helping each other out and offering sound advice. This is a great thread for anyone confused about the money you are receiving from unemployment. You all have been a great help for me and I’m sure for many others who were just as confused as I was. You all are awesome!!! + + +Due to all that's going, I, like many others, got their hours reduced from work (rather than completely laid off). I went from working 40 hours a week to 20-30. I have been accurately reporting all of my wages/hours to unemployment, applied specifically for "reduced hours but still working part time". + +&#x200B; + +Please follow this timeline with me because something is just not sitting right... + +&#x200B; + +I received the stimulus check of $1200. This was quite wonderful as I have been working way less hours and needed to pay my bills. + +&#x200B; + +I had applied for unemployment in late March (22nd ish) and I received my benefits letter fairly quick. However, it was not until a few days ago that I actually went online and submitted the certify for benefits forms that they needed. I was behind on a few weeks. Got my first payment on my unemployment card immediately after submitting (already had the card, I had knee surgery in December of 2019 so I was on disability for one month, also made sure I reported that I went back to work and money was not loaded on that card ever since after that). This payment I received was for $640 for those two weeks (I think for two weeks?). I was like wow, they actually paid me the full amount of lost wages. That's amazing, right? I took the amount out in cash and deposited it in to my savings account. + +&#x200B; + +Every Sunday, you certify your benefits. So yesterday I did just that. Made sure I accurately put in all of my information for the hours worked for the last two weeks. I checked the app today for the prepaid edd card just for shits and gigs and they loaded $1,264... Now I am just extremely confused. I am actually scared to touch this money. What is going on? Why are they paying me so much? I feel like I am getting a shit ton of free money and I have no idea why they are paying me so much. It does not sit right with me. Is this actually my money to have..? Can someone provide me with some insight here? I'm sorry, I'm new to all of this stuff. If you need more information I will happily provide, just a bit confused +[SOLVED- Update at bottom] + +Hey all, + +I recently got a big promotion and started a new position making ~$10,000 more per year. I went from earning $44,000 and some change to around $55,000 and some change. I receive some extra taxable income in the form of tuition remission to the tune of $4100 a year which may be some of the reason. I am still unsure though. + + +Naturally, I was ecstatic! It was a huge jump and I was so excited to use the extra $10,000 to save. To my dismay, I got paid my first full paycheck and the net is only $25 more than at my last position. Nearly half my earnings are deducted. + + +A closer look reveals that my state tax is something like 2.25x what I was paying before. My federal tax withholding went up by 3x. From about $284 a month to a whopping $859.29. + + +I also owe some of these deductions to things like healthcare, parking, dental, etc. but those increases are in the 10s of dollars… + + +I knew I’d probably lose some of the extra pay to taxes… but is this really correct? I feel so cheated… + + +Edited to add: + + +State: New Mexico + +Status: Monthly/Salaried + +Gross: $3428/$4599 + +Take Home: $2232/$2253 + + + + + +Deductions: + +Health/Parking/Mandatory Retirement- +$585/754 + + +Federal Tax- +$284/859 + + +State Tax- +$93/241 + + +Social Security- +$200/400 + + +Medicare- +$50/95 + + + +Edit #2: Thank you all so much for the help. I believe it is due to my tuition benefits being taxable and the excess being taxed in these next two pay periods. Contacted my HR and they confirmed this was likely the case. If my January paystub comes back with the same messed up deductions, then I will reach back around. I appreciate all the insight for you all- I was sure it didn’t seem right but was also concerned that I could be incorrect and didn’t want to seem a fool. +I've seen a handful of posts from folks that have recently "converted" to selling. While I think exclusively buying or selling is foolish, I think it's even more foolish to think that once you start selling you're set. It's absolutely essential to develop a management plan for whatever strategy you're trading - particularly selling. Losses for short options can compound exponentially and wipe out a tremendous amount of profit / place you deep in the red. + +Please make sure you think through how you intend to manage your new found approach - particularly during market draw downs. I find many traders seem to have a hard time trading during down-moves into a bear market. Interestingly enough, this is one of the most profitable times for me. + +I'd consider starting with your annual target, breaking into a monthly target. Then maintaining as little exposure as possible to hit that monthly target until you feel there is a significant opportunity to scale in. Tinkering with your individual strategies will be important to your longevity as well - cash is king. Leaving room to scale in is one of the most critical aspects to managing short positions. + +How do others like to manage their downside with selling strategies? + +\-Erik +I’m a long term investor. My strategy is to buy deep ITM leaps multiple years out. I then sells calls against it (PMCC). I will also never invest in meme stocks. + +I currently have leaps in LMND, TTD, AAPL, AMD + +What are your favorite long term stocks? +Whats up fellow theta gang. Hope you're all killing it and we get an even higher VIX this week so we can kill it some more! + +My question is regarding nearly every video with "experts" whom talk about selling cash covered puts. Almost all of them say you should buy to close to exit the position when you hit 50% profit. + +Now, I can understand this if + +A. You have lots of buying power tied up in the position and not enough available that could be used to make more money on a different one + +B. You make 50% overnight or in a couple days and there is still tons of time until expiry so the position could turn against you and end up being ITM be the date of expiry + +But, currently I have many open positions that are all over 60% profit. Some have a couple weeks till expiry, some over a month. ALL of these positions are minimum 30% OTM and some over 50%. I am VERY confident they will not end up in the money before they expire and I have plenty of free buying power still left so why would I close these out? If they were "only" 15-20%OTM and had over a month left till expiry I could understand as lots can happen in a month but my puts that are literally 50% OTM with a couple weeks left? I am up literally 90% on one of them but I am letting it ride + +So far I have let nearly everything go until expiry as I pay hefty commissions to open and close a trade and I guess got lucky selling lots of these puts close to the start of the bounce upwards which is why they are so far OTM now. + +Just wanted to hear if you would take profits even if your puts were 30-50% OTM and only had 2-3 weeks left to go and you did NOT need to free up any buying power and you had to pay huge commissions to close the trade but pay nothing if it expires worthless + +thanks and sorry for the long ass post! +This week, I wanted to talk about how I managed the week, some new plays made, and some tickers I'm watching for next week, as well as review my positions holistically. Can't say this week was a lot of fun. A lot of sectors got hit hard, and I was weighted towards them. If you've read my posts, you may recall I regretted last week that I overloaded into EV related industries, that sentiment didn't get any better. Let's start with the main ways I managed the week. + +# Rolling Out + +I had a variety of plays in motion, all moved against me. I could have dumped them, realized the losses, and reinvested the capital. Where's the fun in that! I'm stubborn, not to the point I'll never exit a position, but I don't like to if I still believe in the underlying. + +**RMO** + +RMO has dropped slightly below it's 200ma, I think it's found it's bottom. My position CSP (cash secured put) was sitting at 3/19 $17.5, not enough time to recover. But I still like RMO, so I rolled the position to 4/16 $17.5, picked up a few extra dollars of premium. I need the stock to rise to $15.39 to see profit, currently at $12.33. I like my odds, and I'll probably strongly consider taking assignment if not. + +**U** + +U was a play where I felt the dump post earnings was too harsh and jumped in just in time to catch the falling knife. In hindsight, I probably wish I hadn't played here, but now that I have, I still really like my odds. I considered picking up another option here this week, but ultimately favored other options discussed below. What I did instead was roll this from a 3/19 to a 4/16 $130p, picking up a few extra dollars of premium. I would have loved to slide to a lower strike, but the premium wasn't there. I need the stock to rise to $113.4 to see profit here, currently at $107.63. I suppose I should mention how I calculate that, fairly simple: take the BEP on the 4/16, multiply by the number of shares, add the loss when closing the prior position, then divide that by the number of shares. + +**DGLY** + +DGLY, what a dog. DGLY had been in a strong uptrend from Sept '20 through Feb '20. My entry was awful, literally right when I jumped in it hooked down. That wasn't all that unexpected, but it broke trend and went through the 50, 100, and 200 ma like a hot knife through butter. Now it's hitting the bottom of support that built following the June '20 run up. I don't know if it holds. Still, I like the market with current administration. They brought the George Floyd bill back up again, will likely face a filibuster if it's brought to the senate, but it speaks to the climate, and I think there's favorable tailwinds towards a bounce. In any event, I rolled my 3/19 position to 4/16, same $2.5 strike with a bit more premium. I also increased my position, doubling the number of options I have in play. Money meet mouth. I need it above $1.88 to make money here, currently at $1.92. + +[If this were to pass, DGLY will fly, not counting on it.](https://preview.redd.it/tg9qzvn1k1k61.png?width=1353&format=png&auto=webp&s=38d9cae6f0cfa2edaebb4792aa380273d0c3f46d) + +# Specific Plays + +**SLV** + +I'm still hanging in with SLV. + +https://preview.redd.it/ognteb9uk1k61.png?width=1580&format=png&auto=webp&s=d66b75e3b7be8d6fc9acc0b15d3ab2d414e2b1c0 + +Not much new going on here. The underlying fell on Friday, I continue to sell calls. Next week will be interesting, the 50 day ma has been supporting, it's going to be tested, I'm certainly hoping it holds to continue the uptrend. + +**IDEX** + +I opted to play this aggressive, again, the wrong move. Last week I was between a few options, and was considering selling a $4.5 CC, I opted to wait, hoping for a bounce. It fell, and that was frustrating for me. Sucking it up, the underlying was dropping too fast, so eventually I opted to sell a CC at $3.5 for around $1850 in premium. + +IDEX has their earnings coming on 3/24 for Q4 and Full Year. They also raised $80 million on a convertible note that hits at a price of $4.95 per share. Odd when sold, because the price was above the note, clearly they felt they were overpriced, and they were right. However, it also speaks to the long term aspects, and going north of $5 certainly seems viable. For right now, I think there's a pretty damn good chance I'll hook most of the premium and might be able to keep the underlying and sell again. I'm down $454 on my position currently, but if my stock gets called away at $3.5, I'd clear over $2800 profit overall. I'll root for a nice $3.4 price come mid march. + +**CRSR** + +[Hasn't been a great couple weeks!](https://preview.redd.it/a01zisi6o1k61.png?width=1570&format=png&auto=webp&s=5da74cb45a76a6749987aef643ac08518cd325ea) + +I don't have much to say here. I like the company, I'm happy to own the shares. I considered adding another 100-200, but opted to go elsewhere with my cash. I have a 3/19 CC with $188 left on it at $50. I will likely hold for a bit longer. If it drops a few more dollars, I'll close the call, wait, angle for a bounce, and re-sell at $45 for a bit more premium. I'm trying to keep these shares, so I'm cautious about where the strike get set, but still want to be aggressive an collect as much premium as I can. + +# New Positions + +I've been bemoaning for a couple weeks that I didn't have enough cash. The reasoning is that when pull backs like this happen, I want capital to buy. Rolling some of my CSPs helped free up a few thousand (because I realize a loss, lower the BEP and capital set aside due to higher premiums). In any event, I went buying on Friday, and I expect to deploy what's left next week. At that point, I'll be uncomfortably exposed, but it's what it's there for. So where'd I play ... + +**ATNF** + +They also recently sold a warrant, 2.564m shares worth at 4.55 which is exerciseable at 5 and expires in '26. This is a inflammation drug research and development company, I like the leadership, and as they fell from $6.7 down to $4.5 I decided to take a spin. Picked up 1000 shares, this one will be a hold, I don't forsee any options play unless premium's rise and I plot an exit. + +**NLS** + +What an interesting company. Major supply chain issues, they're an exercise at home play, you'd likely know products like Bowflex, etc.. They reported earnings with Q4 revenue of $189m on 2/22, their best earnings I can recall ever seeing. They're working on supply chain, new products coming, backlogged orders, gyms are still super spreader hot spots, and sentiment seems to be turning away from gyms and toward home exercise. I opted to sell a CSP 4/16 $22.5. They're currently at $18.41, my BEP is $17.03. Funnily enough, their market cap is about $560m, which feels ridiculous if they execute to the environment they're in. I am heavy on owned stock, so I opted to play on the CSP side, but there's a very strong case for just buying shares here. + +**SURF** + +This is one I'm looking at for entry around the $7.7 range (currently at $8.48). It crashed through the 50 day ma, fell right to the 100 day ma, tested and found the 100 day was now resistance, then has stepped down about 50% of the way towards the 200 day ma. I'm just watching for something approaching a bottom, or a sink below the 200 day ma. This would be a share play, I'd probably size in around 500 shares. + +This is another medical play, drug research and development, just signed a really good contract for one drug with a pharmaceutical company. They've got a variety of drugs in play, strong company, could be a good long term hold, but keep in mind some of these plays take years to hit, I'd like a couple plays in the sector. + +**PLTR** + +I want to get in here, and I'll be watching this week, but I'm cautious. I had initially a $27 buy target, but I've since dropped it. I'm just not confident they don't have further to fall, and I think we could see the upper teens. If the stock wasn't so damn meme-y, I might think differently. It's a good growth company. They're guiding to $4 billion in revenue by FY25, that's a 30% growth rate, and that starts to really justify their multiplier ... which is why you saw a price target upgrade on them into the 30's. For me, I'm looking to open a CSP, I want a BEP under $20 and over $1000 in premium. May show next week. + +# My Potential Profit + +On shit weeks like last, I often want a mental map for just how bad I'm doing, how recoverable and profitable the positions remain. So let's look at hypothetically just how bad are my positions: + +**Stock Positions** + +* AAPL -$1015 +* ATNF +$80 +* CRSR -$2440 +* IDEX -$700 +* MSFT -$1070 +* SLV -$260 +* WMT -$1296 + +All told, I'm down $6701 on these positions. I've been selling CC on most, to date having pulled in $1581.24 helping to offset some of that downturn. My open calls also have an additional $2011.5 premium open that could further offset losses. + +Of the above, WMT is in my dog house, but I guessed wrong and can't blame them too much. Weak premiums and negative sentiment, it's not my favorite hold, but I'm not letting it go down $1300 with a new round of stimulus checks on the way. I'll hold it through next earnings if needed barring significant changes in climate. + +**Options (All Cash Secured Puts Sold)** + +* DGLY 4/16 $2.5p BEP $1.74 (current 1.92) - current -$1120.39 / possible $3829.61 +* LAZR 3/19 $30p BEP $26.5 (current 27.13) - current - -$380 / possible $1400 +* NLS 4/16 $22.5p BEP $17.03 (current 18.41) - current +$8 / possible $2,180 +* RMO 4/16 $17.5p BEP $12 (current 12.33) - current -$1911.36 / possible $1038.64 +* SOLO 3/19 $7.5p BEP 6.28 (current 6.17) - current -$580 / possible $1220 +* U 4/16 $130p BEP 104.5 (current 107.63) - current -983.35 / possible $1594.64 + +I'm down $4,967.10 on positions, and there's a swing of $16,229.99 possible if all of these expire worthless, leaving a potential profit of $11,262.89. + +I'm still hoping that SOLO and LAZR will be closed on the shorter term for a gain. Will see what next week brings. + +# Positions + +https://preview.redd.it/2p6fflaow1k61.png?width=1568&format=png&auto=webp&s=8791e8a89acc6c44b5fdbf0d3f1591b8d1812d9f + +https://preview.redd.it/llnis9krw1k61.png?width=1578&format=png&auto=webp&s=f63b4a9deac08cb2dc793eb203bae1da2dec5f31 + +https://preview.redd.it/462pyuiuw1k61.png?width=1576&format=png&auto=webp&s=bcba9cb1ef458432c25abeedead11bab97a4378d + +Here's hoping the bombs stop falling overseas, the rates turn around following FED testimony, and all our liquid friends go dip buying. For what little it's worth, I believe there's a nasty leg down coming, but that it's not coming yet. It may not arrive for years, I don't ***think*** I see it this year, I ***think*** I see it in the coming two. For all the Elliot Wave fans out there, wave theory suggests a conclusion coming for the bull market stretching back to 2009 (technically back to the 1700's), and that could be narly. Less clear on the when, horoscopes am I right? I don't myself put a ton of stock into Elliott Waves, but I'd be lying if I didn't say I think a correction could be on the near term horizon. I have significant cash positions elsewhere (3x this account), and should we get hammered, that will hedge my activity here. + +# Goal + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $152,671. + +[2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +I started #thetagang reasonably recently (i.e. 6-9 months ago) and first started closing trades at 50% of profit, a la the TT method, which seems popular on this forum. + +I understand that a lot of people manage their margin requirements very closely and as a result always roll rather than take assignment. If that's you, then this post doesn't really apply. + +Others (like me) only really use 20-40% BPu and just take assignment when puts move against you. If that's the case, what's the point closing at 50% if you still like the company? Here are my thoughts: + +\- I'm willing to take assignment, and can take assignment of all my puts at the same time if need be + +\- The only problem with gamma risk is that it can take you from OTM to ITM very quickly towards expiry + +\- However, covered calls and short-puts are synthetically the same. So if you don't mind taking assignment, why bother close your trade simply for gamma risk? You can just take assignment of the put and sell a CC. + +\- Your hit rate would be lower, but I think your overall profits would be higher because you're devouring those final weeks of theta, which can be very lucrative. + +Any one mind pointing out something I might not be seeing? + +Again, if you're worried about assignment, then I appreciate the above doesn't apply because gamma risk obviously raises your chances of assignment. + Hi, + +I have a fully paid off apartment, on which, I could get a 200-300k $ Loan at 0.5% Interest. + +Would it be smart, to take that Loan, and invest it into SPY? From what I read, SPY returned at least 6.75% long term, even with the worst timing in history. + +I would get the loan for 20 years, at around 900$ a month. + +I invest 3000$ a month anyway into spy, so would you think, that this would be a smart move :-) ? +My account is heavily weighted towards small/mid cap growth stocks. (Combination of shares, CCs, leaps, and a bit of garbage here and there.) + +I've played around with selling iron condors on SPY and it got me thinking about how closely my portfolio correlates with the Russel 2000 index. + +What I'm considering now is to build a bearish position on IWM (a russel ETF) by selling options. Most obviously- selling call spreads, but I also like the idea of selling iron condors that just have more room to fluctuate toward the downside. The primary objective would be to profit through time decay, but it would carry the added benefit of tempering my account swings some. + +Anyone have any experience with or opinions on this idea? +Asian ethnicity, an American citizen. NW at nearly three million+. Partner and I work in tech with two toddlers in California HCOL. + +Want to relocate to be closer to family. + +&#x200B; + +Anyone with similar experience? + +Can I buy real estate? + +What are my visa options? + +Traveling east Asia sounds very appealing. Realistic? + +Average school in Singapore as good as the good ones in HCOL? + +Culture shock? +Bonjour, you fabulous bastards. VIX Guy here. A thing just popped up and I wanted to share. So we know that MSM tickles Ken’s tiny, mayo-slathered balls on cummand, right? Well, Morningstar was founded by a fellow Chicago billionaire, Joe Mansueto. + +I’ve always regarded him as a smart guy, an honest-to-goodness analyst, someone who gives his gut feelings room to breathe. Now, my respect for Mansueto was forged PRCE (Pre-Ryan Cohen Era), and I honestly hadn’t given him much of a thought since. + +Until Morningstar said that, essentially, analysts could fuck right off, and their own analysis rated GME’s fair value pre-spliv at $221.54 and post-spliv at $55.39. I’m not saying this is right. It’s not. We’re apes, so that number is missing five or six zeroes. + +What I am saying is that a Shy Town whale who must SURELY have mixed in the same wanky, horrible circles as Kenny just published an article saying GME is waaaaay undervalued. You want to pick holes in the article? Have at it. There are plenty of ‘em. But this might be the tide starting to turn on a site with 7.2mln visitors last month. + +Yes, I know he’s no longer chairman or CEO of Morningstar, but it’s his baby. Always has been. They don’t operate without a nod from the boss. + +TO. THE. FUCKING. MOON. + +https://www.morningstar.com/articles/1102492/what-does-gamestops-stock-split-mean-for-investors + +Buy. DRS. HODL. + +Not TA by me, but by Morningstar.com +**It's all about time** ***in*** **the market not** ***timing*** **the market but..... we all know there are ups and downs.** + +I'm about 10K into ETFs (IWM, SPY, DVY) and starting to become very sensitive to the idea of a market crash (childish, I know). I have no plans to pull out (very childish), but I want to be on top of any and all scenarios where there is a massive buying opportunity. I've decided to hold an additional 15% worth my portolio in cash. This cash strictly for investing, not personal. The hope really, is that I never deploy that capital and the rest of my account keeps going up. + +How does everyone else deal with bears, buying opportunities and cash? + +Note: Almost all investment forums suggest investing 100% of your portfolio into equities unless you're getting near your retirement/exit. + +EDIT: **Take Aways from the Comments** + +1. Take some profits out of high returning ETFs (i’ll do about 10% of my gains) and leave them in cash for a good buying opportunity. + +2: Open a margin account with your broker so you can do a quick cash injection if there is a good buying opportunity. (Assess comfort level) + +3. Selling covered puts (Sounds like an amazing option but ill need to do a little more research) + +Thanks all! +A lot of us are feeling the pain. Not only in GME but in most of our stonks. The Nasdaq was up almost 2% at its high today to get pummeled in the last half of the day to a loss of 1.3%. 3.3 trillion dollars worth of options expire tomorrow!! Trillion dollars yep . . . that is right!! I don't even know how many 0's are in a trillion . . . but it is a shit load!!! + +&#x200B; + +https://preview.redd.it/snq4jn1kswc81.jpg?width=690&format=pjpg&auto=webp&s=8b59667cd7abb13ffb4bb8c3ce3d3b2f58a1c07d +Think about it. After we found patterns in gammas, all of a sudden, they are no longer applying. This forum started talking about options little by little over the last few weeks. Many people bought 220-250 call options because of patterns. Some of them exercise them (maybe that's the reason why we saw a spike through 250), but many of them didn't. All of them are now OTM. + + +Maybe it's a wild guess, but who knows. It's hard to play with options when they know everything. Imagine playing poker with a person that can see your cards. +Pardon me if this isn't a relevant enough post but I figured this group would be uniquely helpful. + +I just discovered this sub two days ago and I'm so glad I did! Great insights. + +Anyways... + +Wife and I just got back from Wailea on Maui a few days ago and it's the first place the wife has said she wants to actually move to. We're in Chicago and while I absolutely love it, the winter weather is terrible. + +So has anyone looked into having a second home in HI? + +Not to get too much into my situation but we would have options but I'm wondering if there are places you all would recommend checking out? I saw Maui and would move to Wailea in a heartbeat, but I want to make a more conscientious decision than that. + +Our preferences are: + +\*Views +\*Good golfing for me (loved the Wailea golf club) +\*A walk-able neighborhood + +The other stuff we care about, like adventurous things to do, we already know is available pretty much everywhere in the state, so no worries there. + + +We are trying for kids and I understand the school system (perhaps even private) is pretty bad in Hawaii so we would likely spend a lot to most of the year in Chicago, but we'd love to hop over whenever and bring family as the wife and I want to be close to them and our parents are starting to show their age. + +I plan on posting in some Hawaii subs but to be frank, I wanted perspective from those with larger budgets. + +Thanks! +And anything you finally rewarded yourself with that you found out that just didn't really do it for you in the end? + +My own answer is that I've been repurchasing a lot of music I listened to on the radio and home made mix tapes on my old car stereo now that I have a good sound system. I'm really enjoying discovering a lot of what I had missed listening to these songs 20+ years ago. +Hello, I have been impersonated and sim swapped, they hacked my emails, twitter, facebook, exchanges, literally everything including binance, which they stole 2 btc (daily limit) from today and will steal more if the account isn't frozen by tomorrow. They logged in and somehow disabled my google authenticator and I cannot get into my account, microsoft is working on giving me the hacked email back that is related to binance but they say it will take 3 days to escalate the ticket. In 3 days the hackers will have already taken my entire balance so I really need the binance account frozen now before they can steal more. Luckily I was able to freeze all other exchanges I had money on but please upvote guys I really need this resolved. Also if someone from Binance sees this I submitted support tickets under an alternate email but don't think that will do much and it definitely won't be answered within a day so please help me out :( + +An ICO for .. *spins wheel*.. Tennis players! quick throw a whitepaper together, get a fancy website up, copy some code and wait for the free money to roll in + +Is anyone is wondering what this whole market is powered by, there's your answer right there - Greed + + +Sorry to bring this up again. I've always believed that despite their low returns, bonds had a role to play in a balanced portfolio. Either to dampen volatility, provide something to rebalance against during the equity dips, improve risk-adjusted returns due to low correlations to lever an optimal portfolio... + +This is everything I've heard, but I'm just believing it less and less. + +I did a quick test here just on [google sheets](https://docs.google.com/spreadsheets/d/1t7xOheId6-4rdjC6HHa-hemlfH7u6SZGT9d6i8cXVYU/edit?usp=sharing). In short here is the performance of $100,000 (dates are rough, not the definitive start and end dates of the period in the titles) + +|Peak to Bottom, GFC||| +|:-|:-|:-| +|Start Date|November 2007|| +|End Date|March 2009|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$55,185,45|$46,927.10| +|No Rebalancing|$57,384.94|$46,927.10| + +&#x200B; + +|**Peak to Recovery, GFC**||| +|:-|:-|:-| +|Start Date|November 2007|| +|End Date|Jan 2013|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$104,993.76|$100,537.41| +|No Rebalancing|$102,404.14|$100,537.41| + +&#x200B; + +|**2020 Covid Crisis**||| +|:-|:-|:-| +|Start Date|Jan 2020|| +|End Date|Jan 2021|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$114,423.11|$116,162.31| +|No Rebalancing|$113,965.71|$116,162.31| + +&#x200B; + +|**Last 15 Years**||| +|:-|:-|:-| +|Start Date|May 2006|| +|End Date|May 2021|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$266,279.26|$313,687.71| +|No Rebalancing|$274,268.13|$313,687.71| + +So obviously, having an allocation towards bonds helped during times of crisis, especially in the drawdown period, but not so much in the long run. + +Surprisingly, even the added value of being able to rebalancing isn't so definitive versus holding. During prolonged downturns, you're rebalancing more into equities which continue to drop further and faster than your bond component. During recoveries, you may be rebalancing away from equity momentum. + +Finally, if the bond allocation is only better than 100% equities during downturns, and if the long-run has 100% equities outperforming, isn't trying to have a bond component for the option to rebalance during downturns almost akin to market timing? + +Is the only reason for bond allocation at this point volatility dampening effects? if that's the case should we be looking to cash? or even less correlated assets? or more diversification? + +If the drawdowns didn't affect your ability to afford your life, i.e. no need to draw on even 20% of the portfolio for the next 10 years, should we just be 100% equities? Presuming the stomach allows it? + +I know this might have been a roundabout way going at what we already have a rule of thumb responses for. "no need for it if young and high enough risk tolerance" or "(120 - age)% in equities, rest in bonds", but I'm having a hard time seeing even the slightest benefit to it. I haven't shown it here, but it's hard to even create a return/volatility optimal portfolio with it given recent data. Correlations are not as low as they need to be. If you really were a 70-year-old retiree, I would even say bonds don't have enough of a return premium relative to their risk over cash. + +I would post this on /r/changemyview if it weren't so topic-specific. Why do you / would you include bonds in your portfolio? + +Edit: so just to clarify, I’m not making the trivial point that bonds return less than stocks in the long run, or that they reduce volatility to your tolerance level - I’m just asking for the “pros” to owning them. The argument for being able to rebalance was the most compelling one for me (especially because I don’t have an income to dollar cost average), but I’m noting even that benefit isn’t super strong. + +I might look into the retiree case. I imagine another variable is ratio of expenses to portfolio. It would be interesting to see survival rates of different allocations on a 2 way axis against different expense/portfolio ratios and duration of living off portfolio. Maybe I’ll sim it out later. + +As a side note, despite this post, I do have a fixed income allocation. Granted, it’s levered such that the yield on cash is about 5% (it used to be as high as 12% on investment grade corporates). +Hey All, each Sunday, I plan to pick 5 stocks from ARK’s funds that are most attractive from a fundamental perspective (i.e. growth rates, margins, valuation). I'm doing this for myself so thought it'd be helpful to share with others before trading begins on Mondays. + +Planning to do this for the Innovation (ARKK) fund today, then the autonomous tech next week, then next gen internet, then fintech before the whole cycle repeats. (Unless it turns out that there’s no interest in this, then I’ll stop posting). + +**Why ARK?** + +* Though ARK’s strategy can be seen as overhyped and controversial, what I do like about the fund is that they are growth-focused with an [internal annual hurdle rate of 15%](https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Marketing_Material/ARKInvest_122019_ESG-Policy.pdf) based on a 5-year time horizon +* But, I think ARK tends to be on the optimistic end of the spectrum and sometimes ***too*** **tolerant of overly stretched valuations** +* As a result, I’m hoping to give you the **best of both worlds: high growth stock picks at the most attractive prices,** all by using ARK’s ETF picks as a filter for vetted, high-growth companies  + * To be clear, I’m not saying ARK’s picks are all bulletproof. Just using the fund’s picks since they have a much bigger research team and resources than an individual investor such as myself, so **think of this post as a potential** ***starting point*** **for more research** + +**My Process & Selection Criteria** + +* First of all, I’ll be excluding all non-tech stocks in my analysis because I personally like to focus on tech. Including healthcare stocks (which pretty much are what the non-tech stocks are) ruins the metric comparisons given the differences in industries. +* My process was pretty simple. Downloaded all the tickers from ARK, pulled data from wallmine or went through filings myself. As a result, there may be some slight discrepancies from the data you use and mine but they should be around the same ballpark. +* Next, my **selection criteria,** which will I’ll likely change over time each week. Today the ones I’m using include the following (data sourced from wallmine and filings): + * **Trading at less than 70% of the 52 week high** \- provides context around market sentiment + * **Greater than 25% LTM revenue growth** \- guide for the future + * **Greater than 60% LTM gross margins** \- operational efficiency + * **LTM cash flow positive** \- operational efficiency + * **LTM Revenue multiple of less than 15x** \- valuation +* Given that the market is a bit bearish right now and punishing stocks with stretched valuations, I’m heavily weighting the valuation criteria as you’ll see soon + +**The Top 5 Picks of the Week** + +* **2U - a leading edtech company** + * 52 week high discount: 41% + * LTM revenue growth: 34% + * LTM gross margins: 71% + * LTM cash flow positive: 0% + * EV / LTM revenue: 3.3x + * Commentary: Most software companies are trading 20-30x with these types of fundamentals, so based on the valuation, 2U seems very promising +* **Baidu - a Chinese AI and internet conglomerate** + * 52 week high discount: 26% + * LTM revenue growth: 46% + * LTM gross margins: 48% + * LTM cash flow positive: 33% + * EV / LTM revenue: 4.7x + * Commentary: Really great financial figures and super low revenue multiple, but do keep in mind that there’s always heightened risk when investing in Chinese companies +* **PagerDuty - an incident response software company** + * 52 week high discount: 36% + * LTM revenue growth: 27% + * LTM gross margins: 87% + * LTM cash flow positive: (35%) + * EV / LTM revenue: 13.1x + * Commentary: The company is in its growing phase so that’s why I’m forgiving of its negative 35% free cash flow margin and a 13.1x revenue multiple seems very fair for this kind of financial profile for a software company. Keep in mind these are EV / LTM revenue multiples, so this multiple is even lower for NTM but I just don’t have that data. +* **Teradyne - a test equipment manufacturing company whose customers include Samsung, Qualcomm, Intel, and more** + * 52 week high discount: 23% + * LTM revenue growth: 34% + * LTM gross margins: 57% + * LTM cash flow positive: 29% + * EV / LTM revenue: 5.8x + * Commentary: Based on the growth rate, margins, and valuation, seems like a bargain +* **Taiwan Semiconductor Manufacturing Company - primarily makes chips** + * 52 week high discount: 15% + * LTM revenue growth: 33% + * LTM gross margins: 53% + * LTM cash flow positive: 29% + * EV / LTM revenue: 11.4x + * Commentary: The company isn’t trading at much of a discount relative to the others at 85% but I chose this company because there has been some news I came across recently of a chip shortage, which means there is incredible demand for TSMC’s products + +**Edit:** One thing I forgot to add - there's obviously a lot more to investing than just numbers. And it's very possible that the numbers I share each week has an important story behind it (i.e. an inflated revenue figure due to an acquisition rather than organic growth). So as I mentioned earlier in the post, please view this as a starting point of research and I'm not necessarily recommending all these as buys. Just that they are attractive from a financial perspective + it helps that the ARK team vetted the company. +I need some advice and I am making this an individual post because it might help others. I can't be the only one wondering. + +I live in a MCOL, rapidly growing area (Raleigh NC, if you are here too lets grab a drink). I am currently renting a 2300 sq ft house for 1600 in an area I hate. Terrible decision but I needed a place quick and took the first thing available about 2 years ago. + +I hate renting and have wanted to buy for a long time. I'm finally in the position to do so but feel like it could not be a worse time. Houses don't last 48 hours on the market, people are offering 20% over asking. I viewed a new build today that my realtor estimated is roughly 40k over priced and the builder is demanding 40k in earnest money to go under contract!!!! For reference, my dad bought a house 1.5 years ago that is less than 5 minutes away, is marginally bigger AND nicer for 95k less than what they are asking. + +As my first home purchase, this will potentially have a pretty huge impact on my FIRE path. I keep shying away from biting the bullet due to these insane prices and demands from sellers but the longer I look, the more I wonder if it just is what it is. Should I just bite or should I wait it out? Am I throwing my money away on this stupid over priced rental I don't like or am I wisely awaiting the burst of the bubble? + +Not sure if it matters but for context here's my numbers: 26M w/ 2 kids. Partner has modest income from unemployment at the moment but I don't factor that in as she is actively job hunting and its a finite resource. I have a tax free pension of 43k annually (military since I know someone will ask), I make 55k before taxes at my day job and also receive an irregular stipend from the GI Bill. Looking to purchase in the 300-400 range but had to go up to 500 to find anything close to what we wanted. + +I know I am in a good position for my age and fortunate - I just am freaking out about what will be my biggest ever purchase, one of my biggest ever life decision and I really don't want to mess it up. + +Edit* The buying the house in this market is relatable to many I think. What makes it specific to my FIRE journey is that I feel emboldened to jump in feet first due to my tax free pension. I think that offers me extra stability that most don't have. I guess I am FI but would like to keep it that way by not over leveraging myself +Link: https://m.timesofindia.com/business/india-business/debt-mutual-funds-navs-halve-as-dhfl-defaults-on-bonds-payment/amp_articleshow/69668367.cms + +>MUMBAI: Due to a default in payment on bonds by private sector mortgage financier Dewan Housing Finance (DHFL), net asset values (NAVs) of several debt mutual funds, including those run by some of the top fund houses, crashed on Tuesday. Data showed two funds run by + +>DHFL Pramerica MF saw their NAVs dip by around 50% in one day while the NAV of a fund run by Tata MF saw a crash of almost 30%. There are other debt funds run by Reliance, Birla, UTI and DSP MFs which reported substantial drops in their NAVs. All these funds have bonds issued by DHFL in their portfolio. + + +> * DHFL Pramerica MF’s medium term fund saw its NAV crash by 53% while the NAV of its floating rate fund dipped 48%. + +> * The NAV of Tata MF’s corporate bond fund took a hit of nearly 30%, data showed. + +&nbsp; + +Links to portfolios here: + +[DHFL Pramerica Medium Term Fund] (https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-medium-term-fund-regular-plan/portfolio-debt/MDE951) + +[DHFL Pramerica Floating Rate Fund](https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-floating-rate-fund-regular-plan/portfolio-debt/MDE269) + +[Tata Corporate Bond Fund](https://www.moneycontrol.com/mutual-funds/tata-corporate-bond-fund-regular-plan/portfolio-debt/MTA169) + +&nbsp; + +* DHFL Pramerica AMC's fund managers invested 30-50% of the fund's AUM in **one.single.company** and that too their own group company. it is almost as if SEBI does not exist at all. + +* **Is there abso-##-loutely no rule on per-instrument holding limits, same group-company holdings, etc ??** + +* What is the point of investing in Debt MF, if they hold just two-three papers? Instead one could just buy those FDs !! +I already have a health insurance. John Bogle, in his book Boglehead's Guide To Investing, + +>Most people's greatest financial asset is their future earning power. The odds of becoming disabled are far greater than odds of dying prematurely. + +So he advises people to get long term disability insurance. As of right now, India does not have proper long term disability insurance. Two products in India that kind of resemble it are critical illness and accidental disability insurance. There is another one called Cancer insurance launched recently (seen in policy bazaar). + + +* Does anyone have any of the above mentioned insurances? +* For whom does this kind of insurance make sense? +* What are some fine prints that one should be aware of when buying these insurances? +> In every major market sell-off in history - and every major buying opportunity - there has always been a pervasive sense that 'life as we know it has changed'. When the downturn is viewed from a comfortable historical distance and with the benefit of hindsight, people invariably look back and say, 'gosh investors were so silly to sell stocks down to those levels; if it was me, I would have been smart and rational enough to know it was a great buying opportunity, and bought when others were selling'. + + +> What has happened at this point is that a previously unknown unknown has now become a known unknown, and consequently is now already factored into investor risk appetite and market positioning, and so it ceases to have much impact on market prices. And this is true regardless of whether the underlying economy is weak or not, because the economy does not drive stocks prices - demand and supply do. At this point, and in contrast to the intuitions most recently-scared investors harbour, a further market crash actually becomes extremely unlikely, and those sitting in cash hoping for more of the same are very likely to have their hopes dashed. + +> This is why markets almost always bottom well before the real economy, and recover in a manner that confounds most investors. Right when the majority of investors have just finished selling down, raising cash, and positioning themselves cautiously and in preparation for the 'coming downturn' and the 'buying opportunities' sure to emerge therefrom, markets start to rally and the opportunities they had hoped and expected to encounter swiftly disappear. The buying opportunities are not created by the economic downturn per se, but investors preparing for the economic downturn by raising cash. + + +> They are left high and dry holding a bunch of cash. They are confused, and perhaps even angry at the market for behaving so irrationally, and ignoring how bad things are in the real economy. They claim investors are ignoring economic realities. They say the rally must be a dead cat bounce. They say bear market rallies are common and investors are being fooled by it. They say investors are too optimistic on the speed of the recovery. They say it's because investors are overly acclimated to 'buying the dip', etc. They use every excuse they can muster to avoid admitting to themselves the sad reality that they may have sold at the bottom, just like patsies do every bear market. What they are really doing is hoping markets go back down so they have a second chance to buy stocks as cheap as they were recently trading, but with so many cashed-up investors similarly hoping for a further pull back, such an outcome is inherently self-defeating. There is simply too much cash on the sidelines waiting for an opportunity to buy the second dip for markets to go down enough to retest their lows. + + +https://lt3000.blogspot.com/2020/05/coronavirus-update-from-unknown-unknown.html?m=1 + + +Tl; dr: Markets bottomed on 23rd March. Anyone hoping for those low prices again - will be left hoping. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+thread+due+diligence&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +> In every major market sell-off in history - and every major buying opportunity - there has always been a pervasive sense that 'life as we know it has changed'. When the downturn is viewed from a comfortable historical distance and with the benefit of hindsight, people invariably look back and say, 'gosh investors were so silly to sell stocks down to those levels; if it was me, I would have been smart and rational enough to know it was a great buying opportunity, and bought when others were selling'. + + +> What has happened at this point is that a previously unknown unknown has now become a known unknown, and consequently is now already factored into investor risk appetite and market positioning, and so it ceases to have much impact on market prices. And this is true regardless of whether the underlying economy is weak or not, because the economy does not drive stocks prices - demand and supply do. At this point, and in contrast to the intuitions most recently-scared investors harbour, a further market crash actually becomes extremely unlikely, and those sitting in cash hoping for more of the same are very likely to have their hopes dashed. + +> This is why markets almost always bottom well before the real economy, and recover in a manner that confounds most investors. Right when the majority of investors have just finished selling down, raising cash, and positioning themselves cautiously and in preparation for the 'coming downturn' and the 'buying opportunities' sure to emerge therefrom, markets start to rally and the opportunities they had hoped and expected to encounter swiftly disappear. The buying opportunities are not created by the economic downturn per se, but investors preparing for the economic downturn by raising cash. + + +> They are left high and dry holding a bunch of cash. They are confused, and perhaps even angry at the market for behaving so irrationally, and ignoring how bad things are in the real economy. They claim investors are ignoring economic realities. They say the rally must be a dead cat bounce. They say bear market rallies are common and investors are being fooled by it. They say investors are too optimistic on the speed of the recovery. They say it's because investors are overly acclimated to 'buying the dip', etc. They use every excuse they can muster to avoid admitting to themselves the sad reality that they may have sold at the bottom, just like patsies do every bear market. What they are really doing is hoping markets go back down so they have a second chance to buy stocks as cheap as they were recently trading, but with so many cashed-up investors similarly hoping for a further pull back, such an outcome is inherently self-defeating. There is simply too much cash on the sidelines waiting for an opportunity to buy the second dip for markets to go down enough to retest their lows. + + +https://lt3000.blogspot.com/2020/05/coronavirus-update-from-unknown-unknown.html?m=1 + + +Tl; dr: Markets bottomed on 23rd March. Anyone hoping for those low prices again - will be left hoping. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+thread+due+diligence&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +i see a lot of people sharing their dividend goals and so forth, with their diversified portfolios. im pulling in over 1100 dollars per month from my USOI and SLVO shares alone. + +im new to dividends, but i still dont get why a lot of people go for low yield dividend percentage returns when there are stocks that are paying over 20 percent returns monthly... +Hello, I paid for a 6 class driving lessons bundle for my wife 1.5 weeks ago. The first class was scheduled 2 days after the payment and everything was great. But the lady who schedules has been giving nothing but reasons for a week on why she's not being able to schedule more. She doesn't say she cannot give contracts anymore (that breaks her contract and entitles me for a refund) but doesn't schedule either. She cannot even give a deadline. My wife is coming close to forgetting her first lesson and this service is becoming fully useless now. I started calling her to give reminders politely and she doesn't pick up my phone anymore too. She texts at the end of some days giving some BS reason as to how she was busy and how she will get back the next day (which never happens) + +The contract says, until and unless the driving school is not able to fulfill its obligation, they cannot process a refund. These people can keep pushing forever under this and essentially steal my money. I'm pretty sure she'll refer to this if I bring up refunds at all. + +I paid for it with my Amex credit card. I haven't burnt the bridge with her yet but I wanted to see what my options are to handle this better. At this point, I do not have any hope for my remaining classes. I just want my money back so I can take it to someone else. Please help! +My father passed away yesterday and I’m arranging his funeral as well as getting his things in order. I think I’m okay on the funeral front but being a 21 year old student I don’t know how to deal with all the rest. + +My father was quite secretive and I don’t even know what assets he has. He used to live in southeast Asia and my step mother told me that he had a bank account in Thailand, a storage unit in the Phillipines as well as ‘bond money’. What does that mean and what steps should I take to deal with those things? How do I make sure that we have everything in order? How do I know if I’m missing anything? + +Thank you for your help. + +Edit: I'm trying to tackle this now for peace of mind since our administrative system is quite slow and inefficient in France. Thank you all for your kind words. +CEO of Binance Changpeng Zhao's Luna investment of about $3 million which peaked at $1.6 Billion dollars came crashing down to just worth $3000. He also had some(a lot) of UST staked too. + +Changpeng now also holds the title for **Losing the most money in History** from $97 billion to just $11 billion + +>$97 billion +> +>Fast forward to the present. +> +>A combination of inflation, the war in Ukraine, a looming recession and a decimation of the global stock and crypto markets have wreaked havoc on Changpeng Zhao's personal wealth. As I type this article, **Changpeng Zhao's net worth** has sunk down to… +> +>$11 billion +> +>That means, as of this writing, $87 billion in personal wealth has been evaporated away from CZ in around 130 days. + +This has taken a tole on Changpeng and he is now worried about his future and started a part time job aside from being the CEO of Binance. + +&#x200B; + +https://preview.redd.it/5o1lirp0hs091.png?width=364&format=png&auto=webp&s=7572575978b0041879bbfd87c8ace0074472b278 + +&#x200B; + +https://preview.redd.it/4ter69l3hs091.png?width=1920&format=png&auto=webp&s=287ad950b0396fefc0c2c7b6abfe57e32f58d2cc + +&#x200B; + +## + +https://preview.redd.it/yy0e4wf6hs091.png?width=510&format=png&auto=webp&s=e9966228a3c92bc88001357fbc1c6346cc966bd7 +SnowgeCoin's end goal - To build a sustainable platform and donate to charity + +**(SCROLL BELOW FOR DETAILED USE CASES)** + +** + +**WHY BUY SNOWGE** + +* Out for **5weeks** and we have been growing organically on uptrend + +* Undervalued with **1.7M marketcap** compared to most dog coins + +* Real use case - **NFT marketplace/DAO/FloofyNFTs** (see below) + +* **NFTs available for purchase NOW** ([site](https://snowgecoin.com/nft)) + +* Listing on **IndaSwap Exchange** very soon, this allows people to buy defi tokens with VISA/Mastercard ([medium](https://indaswap.medium.com/indaswap-partners-with-snowgecoin-to-make-defi-based-charity-donations-accessible-for-every-bank-4f89d942d6e4)) + +* Just listed on CoinsBit, comes with **2 weeks of marketing** including email campaigns and trading competition + +* Pending **CoinMarketCap Listing** + +* Dev team gives **frequent updates** weekly + +* **Audited by TechRate** and **Renounced Ownership** + +**RECENT EVENTS** + +* Listed on **CoinGecko** today ([CG](https://www.coingecko.com/en/coins/snowgecoin)) + +* **Updated Website + Whitepaper** ([source](https://snowgecoin.com/about)) + +* Listed on **CoinsBit Exchange** 3 days ago (bigger than Whitebit) ([CoinsBit SNOWGE/USDT](https://coinsbit.io/trade/SNOWGE_USDT)) + +**USE-CASES / FUTURE** + +* **NFT marketplace + NFT Incentivized Charitable Donations** ([see NFTs](https://snowgecoin.com/nft)) + + * Customized **Trading Cards**, NFTs of rescued animals, and other key functionality + + * All with the goal of **incentivizing donations** to animal shelters + + * Donations are accepted in **Snowge tokens** (providing a proper use-case) + + * Donated funds also **compensate artists** for their work and fund the Snowge Community Fund + +* **DAO for Charity Donation Selection** + + * Decentralized Autonomous Organization (DAO) for Snowge holders to **choose which charitable organization** their donations will go towards. + +* **FloofyNFTs** + + * FloofyNFT’s will have **additional functionality** and a **specific UI** built around their use + + * **Petting** your FloofyNFT, **feeding** treat tokens, acquiring hats and other **outfits to decorate it**, and **other tasks** that will utilize SnowgeCoin. + + * Metrics will be tracked on an **aggregated leaderboard** + + * Leaderboard winners given prizes in Snowge based on floofyness of their NFT’s, further **incentivizing participation** in the FloofyNFT system + + * Actions will require Snowge, the FloofyNFT game **will fund itself** as long as there are enough players + +* **Gaming front** being worked on https://www.twitch.tv/snowgegaming + +** + +* **Website:** https://snowgecoin.com/ +Pro Bono fairlaunched yesterday evening and has gone through the first few pumps and then the whale dumping. The community behind the token is strong and full-on carbon hands. + +Pro Bono means "For Good" in Latin and is a community charity token, where the charity fee is hardcoded to be sent directly to charity - this is different from most other charity tokens where devs are holding the charity money in their own wallets before donating, giving them the possibility to take some of it, if not all, for themselves. We are trying to combat this by showing people that it's possible to have a charity token that does not rely on the kind heart of the developers. + +**Tokenomics**: +Symbol: $BONO +Total Supply: 100,000,000 +Initial Burn: 45,000,000 +Marketing Wallet: 2,500,000 +Dev Wallet: 2,500,000 + +**Tx fees**: +4% Burn 🔥 +4% Redistribution 📈 +2% Charity 🕊 + +Join Telegram for more information and contract: + +Join Telegram: +[https://t.me/bscprobono](https://t.me/bscprobono) + +Website: +[https://www.probonobsc.com/](https://www.probonobsc.com/) + +Twitter: +[https://twitter.com/ProBonoBSC](https://twitter.com/ProBonoBSC) + +As always, do your own research, but the team and dev behind this project is true to the mission of raising money to charity. We can go far. +We know they watch the sub closely, their 'response' to the 'short selling' slot is perfect proof... Don't you think it's pretty damning evidence that there's no comment about how the DTCC have committed international securities fraud? + +Also, why? + +Not in a general sense, but what's actually preventing that being covered? + +Charles Payne could easily bring up a segment about the 'Reddit Apes' have a new bee in our bonnet, or something derogative, and try to get some answers to why they are not covering it? + +Is it more PsyOPs? They want to make us appear more and more conspiracy theorist-esque? +Majority of Reddit users are 18-29 year old dudes. Now think how many times would you trust a 20 year for life changing advice? Hence, do not expect good advice here always. Now of course there are gonna be some really smart people who know a lot but they aren’t always the first to comment because they don’t live on Reddit. Their comment might have like 1 upvote and might be at the bottom. On most of the posts about “when the market will bottom” I see comments about how recession will hit in 2023. Now it may or may not be as bad, but I wouldn’t blindly trust Reddit top comments for it. Have been burned in the past for it lol. + +That’s my Ted talk. +I started programming when I was 14. I started to actually make money off of it when I was 16. After graduating high school I was hired by an agency and was already making decent money so I just skipped college. By the time my friends were graduating college I was already making six figure income. I lived with my parents until I was 24 and basically saved everything I made while I lived with them. I moved out at 24 and I bought a 4 bedroom house putting 50% down and rent out the other three rooms to some friends. The rental income from them more than pays for my mortgage, insurance, and taxes for my house, and nearly the utilities. + +I have never seen the point in having expensive things, so I still drive a car I got in 2006. At the current rate that I spend money, it would take more than 30 years to deplete my savings, and this isn't even taking into account the interest from my investments - with those taking into account I could theoretically just live off the interest (health insurance throws a wrench in that though). But as I love programming and web development, I don't plan to ever quit and will keep doing it as a freelancer 5-10 hours a week - the income from this will be more than enough to cover my extremely low monthly expenses, including health insurance which I will have to purchase myself (the health insurance will be by far my biggest monthly expense). I am not married, I do not have kids and do not plan on either of these things. Got out of a serious relationship of many years, and it made me realize I am happiest being single - I enjoy freedom to pursue my own desires and hobbies and do not want to be tied down by anything. + +I just do not understand the obsession so many people have with working hard to make money but then dumping it all on luxury items that will not make them happy. For me, free time is what makes me happy. There are so many things I want to do in life that I simply cannot do with a full time job. MMA, bodybuilding, hiking, fishing, playing MMOs, running a D&D group as a DM, writing software for non-profits, working on my own personal projects, road tripping with friends across the US. A full time job really prevents me from fully devoting myself to these things. I get some people are machines who sleep 4 hours a night, and still manage to do all they want, but for me I need my 8 hours of sleep, and working usually about 50 hours a week plus staying up to date on my profession plus exercise and managing a household doesn't leave time for much else. I get an hour of downtime on a weekday, if I'm lucky. That's just depressing. + +I'm tired of working for other people. I'm tired of never having time for anything. My youth is disappearing, and I want to enjoy life before I get too old. What is the point of having worked so hard and saved up so much money, if I can't just quit and enjoy life now? + +TLDR: I have zero debt, and even without a full time job I would have the income from investments and freelancing and rental income that still exceeds my monthly expenses by about 25%. I have saved 80-90% of my post tax income since I was 16. + +My biggest concern is that if I decide to quit and retire, that it will be an irreversible thing and that I won't be able to get hired again, and if something happens 10 years down the road and I need more income, I'll be screwed. I will still be freelancing 5-10 hours a week, however, so I'll still be up to date on my skillset and would have something to put on my resume. Theoretically I could also take on more freelancing work if I wanted to raise my income. + +I just never have heard of someone retiring in their 20s, and am wondering if there is a reason for it. I feel like I need some sort of validation of my thoughts here before I take the plunge and do something as radical as retiring at 29. Am I a fool to even consider this? + +UPDATE: So I quit my job and have now just started working as a contractor. My goal when I quit was to just contract for 10 hours a week, but more and more people keep giving me projects that I'm now almost working more than I did before I quit my job. The upside is that I'm making much more money than I did before I quit. I need to find a happy medium where I only take on projects that really interest me so that I still have all the free time I truly desire. +Ukraine's President (Volodymyr Zelenskyy) [just tweeted that Italy's Prime Minister was now on board to kick Russia out of SWIFT](https://twitter.com/ZelenskyyUa/status/1497502946480869378). Germany got on board yesterday. By my count that only leaves Hungary as the only country left with a say in this who hasn't already said they are in favor of kicking Russia out. + +Assuming they cave, what are our speculations about the implications? Of course this is yet another massive kick in the nuts for Russian companies and for the Russian economy generally. So can expect the Ruble and Russian stockmarkets to tank further - or rather Russian stockmarkets will tank further when trading is again allowed. But what else? I thought maybe German stockmarket would suffer too since their companies do quite a bit of business with Russia, and perhaps the Euro more generally versus safe havens? +Be aware people, there's someone who is out there stealing credit cards somehow and then posting similar charges that Netflix would normally do. AMEX informed me that I was charged by a suspicious business based out of Amsterdam who's read NETFLIX.COM. Would be very easy to be fooled by +In less than a week they're going to release revenue reports for 2020 which I believe are quite promising. + +"For the fiscal fourth quarter of 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $23.3 million and $24.2 million, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year.  For the full year ended October 31, 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $79.7 million and $80.6 million." + +Found this on + https://www.newswire.ca/news-releases/high-tide-to-announce-fourth-quarter-and-full-fiscal-year-2020-financial-results-854161699.html + +I believe based on this and other DDs I have read, HITIF has a promising future and within the next few weeks the stock may leap up drastically. + +I am not a financial advisor nor do I suggest people to buy this security, I am just sharing information I found interesting. +SO comes back with a whole gallon of it. We don't drink it with the exception of little in one cup of coffee (for me) each day. + +Half of it will go bad at that rate. It's 2% milk. What can I make with it?? Thanks. + +Edit: You all rock on here. Great suggestions! +In the long run, as it relates to building wealth, is it better to own land/house/condos etc. and rent it out or can investing in REITs be just as lucrative? + +Currently, I have a piece of property and a tenant but I don’t know if I want the responsibilities of being a landlord moving forward. + +I want to relocate but the property is keeping me tied down. I am considering selling the property and then taking some of the money to invest in REITs that pay dividends. + +Has anyone done this? Any experience / advice for starting off as a landlord but then switching to real estate investments? + +Thanks!! +I found this chart yesterday: https://s3-us-west-2.amazonaws.com/maven-user-photos/mishtalk/economics/zmfATcSa4EegwR7v_znq6Q/3f2du0RTeESGgvUnLqm2iQ + +I think it's interesting because we know that a large catalyst of the crash in 07 was poor lending standards. Of course that trickled into many other financial tools, overextending credit, etc.. and when one domino fell they all started to. + +The housing market has been on one hell of a run, and it seems like every few days a post will pop up about a 'top' or 'crash' that seems to be coming next quarter. While that may happen, it certainly seems like it won't be for lack of higher lending standards. Creditworthy borrowers with excellent and very good credit ratings seem to be buying up more and more market share of the homes listed. + +Also it seems like if there is a 'top' it would be pretty muted, perhaps a slowdown or plateau. But I'm interested to know how others would interpret this data. + +First off, the whole thing seemed weird. We've had 1-2 dozen people apply for rental assistance and the money always went to us. For some odd reason they gave the money directly to this tenant. I asked the assistance program why, and they said they tried to reach out to us (we checked our records, they didn't), so they sent the money to the tenant instead. + +The tenant never gave us a cent. She moved across the country last year, so it's not like we can knock on her door to demand the money. As of December, she's gone dark on us. And as of the end of March she filed chapter 11 bankruptcy. + +I told the assistance program this and they basically said they sent the money and there's nothing they can do. If we want to chase her for the money, then we can sue her for it. + +This seems like a complete SNAFU. Why do I need to sue my former tenant because she defrauded the government? The government should send us, the actual landlord, the money and then go after her for the money. + +I submitted a report to the [Pandemic Oversight](https://www.pandemicoversight.gov/contact/about-hotline) website, but considering the lowest amount to make a report on was "$150,000 or fewer", I have little hopes they'll care about \~$5k going missing. + +I'm reaching out to my attorney today to figure out what to do, but I figured I'd ask you guys to see if anything similar happened to you guys and how you went about it. + + +Edit: Spoke to bankruptcy court. They said that her case was a "zero assets" bankruptcy, so looks like there'll be little chance of getting money from her that way. + +I'd rather have her go to prison for defrauding the government than getting my 5k. Seems like she'll just get off clean. +I finally got enough for a 20% down on for a duplex here in CenTex. I've got my credit to a 744, don't have any personal debt, a job, and low personal expenses. It seems like I am personally ready to start investing. + +I'm wondering: how much of an r-tard am I to try and buy a duplex right now at what seems to be the top of the market? Also, where do I go to get top tier leasing contracts? Do I have to get a lawyer to right one up for me? What are my main concerns now in this market and crazy environment that we are currently in? Any general tips, questions, comments concerns? I don't plan on doing anything else crazy besides just getting the property and not going to increase my personal expenses in the mean time. I will have another amount of cash equal to maybe double that of the 20% down for the initial property in case of emergencies and I plan on just shoving the extra money generated from rental income into a separate account to build a savings for that particular property to account for vacancies, and the eventual roof repair or a/c or heat repair that will eventually be needed. + +Am I missing anything? I've learned that people use [saferent.com](https://saferent.com) to do due diligence on possible tenants? What is the usual expected security deposit? One month's rent? I feel like I'm kind of freaking out now that I may be able to actually pull the trigger on the first property. Any help, tips, advice, concerns are greatly appreciated. +In the long run, as it relates to building wealth, is it better to own land/house/condos etc. and rent it out or can investing in REITs be just as lucrative? + +Currently, I have a piece of property and a tenant but I don’t know if I want the responsibilities of being a landlord moving forward. + +I want to relocate but the property is keeping me tied down. I am considering selling the property and then taking some of the money to invest in REITs that pay dividends. + +Has anyone done this? Any experience / advice for starting off as a landlord but then switching to real estate investments? + +Thanks!! +I just had tenants move out that are smokers, they were really great tenants, he's a handyman and he repaired things that needed fixing and his wife added some plants to the landscaping that look great. The smell inside the unit however is horrible and now I'm taking care of that but I'm thinking about revising the lease contract that I use, either not allowing smoking altogether or asking for a portion of the deposit to be non-refundable for smokers. I'm in California btw. +morning lads + +I called ASKO and Strudel (65x and 14x), check my post history. I have returned from the depths of Uniswap with my next moonshot call. + +Here is my research dump and write-up. + +We all know dog-based meme coins are pumping like crazy. DOGE does nothing, yet still pumps. HOGE does even less, but still pumps. + +CHOW carries the outwards appeal of the dog-based meme coin mania, but its use-case and tokenomics are very real and very interesting. + +3% of transaction fees are paid to holders just for holding--no staking, no farming. In the 12 hours I've held this coin since yesterday, I've made over 3k CHOW just holding. + +Here's the kicker: transaction fees are also sent to a publicly viewable charity wallet (that the community team themselves originally funded with 1 million CHOW), through which further funds will be raised and used in charity drives. + +The charity drives, besides of course contributing to tangible change in the real world outside of crypto, are a phenomenal selling point for this token and will undoubtedly appeal to the masses. + +Although the applications have been sent and CoinGecko has been in contact with the team, CHOW is not listed on CoinMarketCap or CoinGecko yet. + +CHOW currently has a fully diluted market cap of only 1.1M, and volume, although still low at 300k, has exploded up from 12k in just the last half-day. + +100% of liquidity locked in trustswap, devs active and interact a ton with the community. + +Code audited by Solidity. + +The logo was just changed to a much better one, a new website is being worked on, and there are two TG AMAs today and many more lined up. + +Team has Twitter marketing ready. + +Some marketing pasta from the TG: + +CHOW is unique in the fact that a portion of transaction fees that are not distributed to holders are sent to a charity wallet, through which the team and community will make public donations to charities specializing in the rescue and support of stray dogs and animals. By buying CHOW, not only will you be profiting from the compounding transactions dividends, but you will also be supporting real world charitable efforts! + +I think this pumps, and pumps hard. The dog-coin mania combined with an actual use-case and extremely wholesome charity efforts will send this to the moon. It's a perfect storm. Let me know if you disagree, but I see no way this doesn't blow up. + +Links: + +[https://t.me/chowtoken](https://t.me/chowtoken) + +Not sure how to/if I can link a PDF here, but I highly recommend reading the whitepaper. It's very well written, not too long, and provides really good insight into the coin and the team's goals. You can find it very easily in the TG channel. + +also, check out the subreddit, [r/chowchowfinance](https://www.reddit.com/r/chowchowfinance/) +Some sort of strange error occurred yesterday, and somehow money was transferred to and from an account I use for paying bills. I haven't talked to anyone about it yet, but I'm going to the bank later today anyway, and I'll ask about it. The account numbers in question definitely aren't mine. I'm just wondering if there's anything I need to worry about as far as documentation for taxes goes. + +EDIT: I know I don't have to pay taxes on the money, I was wondering if I had to submit documentation of the error or something. +When you 1st start out on the FI Journey, its exciting to see your money start to grow and you are learning new things. You feel a sense of pride that you have a goal and are working towards it. + +I would think towards the end, its exciting as your journey is almost over, you can enjoy the sprint towards the finish line. + +But I am in the middle part of the journey. I have read all the books I feel I need to. Everything is automated, I just max out my tax advantage accounts and the rest goes into a lazy 3 fund taxable Vanguard account. My lifestyle is adjusted to living on a smaller portion of my income and I am just used to it. Market movements do not get me excited or upset like they used to. Plus I have to wait until my net worth hit the next 100k before I get somewhat excited and it is not like it used to be when I hit that 1st 10k or 100k. I thought once I got my house paid off I would feel amazing, but nothing really changed, just more money allocated to my accounts. It is hard to put into words, but I just feel the middle part of the journey is the hardest. That being said I do realize not to wish my life away, I am still a younger married guy with young children. + + +If you haven't read the Bitcoin white paper I highly recommend even if you don't understand it, it's beneficial to read from the direct source and it's surprisingly short: + +[https://bitcoin.org/bitcoin.pdf](https://bitcoin.org/bitcoin.pdf) + +&#x200B; + +Reference 2 and Reference 4 both reference the 3rd: + +**\[2\] H. Massias, X.S. Avila, and J.-J. Quisquater, "Design of a secure timestamping service with minimal trust requirements," In 20th Symposium on Information Theory in the Benelux, May 1999.** + +**\[4\] D. Bayer, S. Haber, W.S. Stornetta, "Improving the efficiency and reliability of digital time-stamping," In Sequences II: Methods in Communication, Security and Computer Science, pages 329-334, 1993.** + +&#x200B; + +Bitcoin white papers third reference is: + +**\[3\] S. Haber, W.S. Stornetta, "How to time-stamp a digital document," In Journal of Cryptology, vol 3, no 2, pages 99-111, 1991.** + +link to paper: [**https://link.springer.com/content/pdf/10.1007%2F3-540-38424-3\_32.pdf**](https://link.springer.com/content/pdf/10.1007%2F3-540-38424-3_32.pdf) + +This references Micali's work: + +**\[2\] IT. Blum and S. Xiicali. How to generate cryptographically strong sequences of pseudo-random bits. SIAM Journal on Computing, 13(4):850-864, Nov. 1984.** + +**\[9\] S. Goldwasser and S. Micali. Probabilistic encryption. JCSS, 28:270-299, April 1984.** + +**\[lo\] S. Goldwasser, S. Micali, and R. Rivest. A secure digital signature scheme. SIAM Journal on Computing, 17(2):281-308, 1988.** + +&#x200B; + +Without Micalis foundational work in Probabilistic Encryption and Interactive Proof System, Bitcoin and Ethereum may not have been a thing. + +**Summary of Probabilistic Encryption and Interactive Proof Systems:** + +***Probabilistic Encryption*** + +Shafi Goldwasser and Silvio Micali produced one of the most influential papers in computer science, “Probabilistic Encryption,” as graduate students in 1983, by introducing the question “What is a secret?”  Their standards were very high: an adversary (third party) should not be able to gain any partial information about a secret.  Their definition of the security of encryption as a “game” involving adversaries has become a trademark of modern cryptography.  Their approach, known as the simulation paradigm, bypassed the traditional enumeration of desired properties that marked the definition of security, and led to the construction of a secure encryption scheme.  + +This method provided a robust defense against malicious attempts to make these schemes deviate from their prescribed functionality. They introduced two notions of encryption security – semantic security and indistinguishability of encrypted messages from each other – thus capturing the important aspects of the subject. They argued that these measures must be met for schemes to provide security across the wide range of cryptography applications. In contrast with prevailing trends in the field, they observed that to satisfy their security definition, encryption schemes must be randomized rather than deterministic, with many possible encrypted texts corresponding to each message. This development revolutionized the study of cryptography and laid the foundation for the theory of cryptographic security that was developed throughout much of the 1980s. + +***Interactive Proof Systems*** + +One of the most significant contributions of Goldwasser and Micali is their 1985 paper with Charles Rackoff, titled “The Knowledge Complexity of Interactive Proof Systems.” It introduced knowledge complexity, a concept that deals with hiding information from an adversary, and is a quantifiable measure of how much “useful information” could be extracted.  The paper initiated the idea of “zero-knowledge” proofs, in which interaction (the ability of provers and verifiers to send each other messages back and forth) and  probabilism (the ability to toss coins to decide which messages to send)  enable the establishment of a fact via a statistical argument without providing any additional information as to why it is true. + +Zero-knowledge proofs were a striking new philosophical idea that provided the essential language for speaking about security of cryptographic protocols by controlling the leakage of knowledge.  Subsequent works by Oded Goldreich, Micali, and Avi Wigderson and by Michael Ben-Or, Goldwasser, and Wigderson showed that every multiparty computation can be carried out securely, revealing to the players no more knowledge than prescribed by the desired outcome. These papers exhibited the power and utility of zero-knowledge protocols, and demonstrated their ubiquitous and omnipotent character. + +The paper identified interactive proofs as a new method to verify correctness in the exchange of information. Going beyond cryptography, interactive proofs can be much faster to verify than classical proofs, and can be used in practice to guarantee correctness in a variety of applications.  + +&#x200B; + +**TL;DR: Silvio Micali is the god father of modern cryptography and even Satoshi Nakamoto used his foundational work.** +Despite making good revenue in financial year and crossing 100k active traders, this is bleeding like hell, can someone explain what is going on? I am down 50% Still hodling though because they have big plans for next year, introducing crypto trading and other features. + +https://preview.redd.it/zjvwluqoznj71.png?width=1080&format=png&auto=webp&s=d13e0c7819d880c38b250668bdb192f94bdb9e7a +This will probably barely move the needle for EOS, but here goes: + +—————— + +Electro Optic Systems Holdings Limited (“EOS” or “Company”) (ASX: EOS) has secured two contracts totalling AU$4.25 million for the supply of R400 Remote Weapon Systems (“RWS”) to a European NATO country. A number of these systems are optimised for integration onto Remotely Operated Combat Vehicles (“ROCV’s”) and include the remote control units to operate the systems. Both contracts will be delivered this calendar year. + +EOS RWS products are well suited to the emerging market for ROCV’s because of their market leading accuracy, reliability and light weight. + +The Company is participating in a number of tender opportunities for ROCV capabilities across multiple countries with a sales pipeline in excess of AU$1 billion. Major awards are possible in the next 12 months. + +DYOR +TLDR: New Australian US trading broker Superhero uses the clearing firm Apex, who back in Jan restricted trading and receive PFOF from Shitadel. Nice try at milking Aussie apes, Apex. (speculative: they're entering untapped markets to raise liquidity/ it's their last ditch effort to prepare for what's to come) + +Woke up to a piss-poor piece of local journalism announcing [Superhero's US trading launch](https://www.smh.com.au/business/companies/superhero-launches-us-share-trading-as-more-australians-bet-on-markets-20210704-p586ol.html). Two paragraphs in, Dom reveals their US counterparty is none other than Apex Clearing Corporation LLC. So you will be custodian owners of any shares bought, which are cleared & held by Apex. + +The zero dollar brokerage and 0.5% FX Superhero offers can seem quite tempting. But here's a quick recap of why it may be risky for Apex to hold your shares. + +1. They halted trading in Jan, but possibly WORSE than Robbinghood. They are at the centre of brokers/clearing firms being sued atm for their collusion during the January run-up. [https://www.reddit.com/r/Superstonk/comments/nwklbg/looks\_like\_gamestop\_is\_cooperating\_with\_an\_sec/](https://www.reddit.com/r/Superstonk/comments/nwklbg/looks_like_gamestop_is_cooperating_with_an_sec/) +2. You are "protected" as per Apex's Safety of Customer Assets doc, also linked on Superhero's support page. [https://www.apexclearing.com/wp-content/uploads/2020/01/Apex-Safety-of-Customer-Assets.pdf](https://www.apexclearing.com/wp-content/uploads/2020/01/Apex-Safety-of-Customer-Assets.pdf) Your insurance is 250k tops, not even worth 1 GME share. I know most other clearing firms follow similar protocols in the event of broker default. But I bet Apex falls sooner than brokers/clearing firms with deeper pockets. +3. They route retail orders to Shitadel and receive PFOF in return. That's where their profit lies. Retail traders are their product. When Shitadel falls so will Apex's revenue (as Shitadel pays the highest PFOF premium), increasing chances of their own default. [https://www.apexclearing.com/sec-rule-606-and-607/](https://www.apexclearing.com/sec-rule-606-and-607/) + +A [great DD on brokers](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) by u/socrates6210 compiled the list of brokers and their role in the Jan trading restrictions. Apex was a centrepiece. + +In short, the general consensus is to avoid Apex. I'm sure there's more evidence out there that shows Apex's shadiness, many already posted in this sub or r/GME. You should be able to find them pretty easily (e.g posts about Apex affiliated brokers' Jan trading restrictions) + +&#x200B; + +Power to the Players + +&#x200B; + +**Update:** Many apes asked me what brokers to use. + +Lurker ape [u/Jewinsohn](https://www.reddit.com/user/Jewinsohn/) mentioned Schwab International is available for Aussie apes. There's a catch though, you need to deposit 25k USD to open an account. Not sure if share transfer is possible to meet that requirement. More wrinkly apes plz comment. [https://international.schwab.com/brokerage-account](https://international.schwab.com/brokerage-account) + +Otherwise, diversifying brokers is the way to go as many great apes have suggested. Be sure to check the custodian ownership deets. Most brokers disclose it somewhere on their websites. Ask if not sure. +# Market Price Action + +It's just a Tuesday, yet today's Market Price for 💲 **G M E** touched upon $448,950.00 per share according to a screenshot of the highest 'last' price (2 shares), at least $510.00 per share according to options triggers, $370.00 per share according to some charts, $275.00 per share according to a transactional verification, while only obtaining $200.00 per share according to nominal 'lit' exchange data. Let's analyze today's activity: + +&#x200B; + +[💲 G M E Price Action from this morning reveals outsized, acute demand for the stock - Although separate evidence suggests that $448,950.00 was obtained today per share \(2 shares\), this move triggered in-the-money notifications for what were out-of-the-money options, with investors with call options as high as $510.00 - Note that the 15-month high from pre-market on 28JAN2021 was $508.04 \(moments before the buy-button was removed that morning\), indicating that 💲 G M E is 'seeking' its free-economic-market price which may be above $508.04 or $510.00 per share](https://preview.redd.it/ifov1cwc4dq81.jpg?width=1439&format=pjpg&auto=webp&s=46735e04aa9b732a880e7eebe797625e8d097949) + +&#x200B; + +![img](gq2197to4dq81 "Further, evidence shows that there were 💲 G M E market transactions significantly above the current 'lit' price : in this case, $275.00 per share today. +Many investors are sharing screen shots of extreme prices above $510.00 in-the-money shortly before facing a downward [as opposed to an upward] limit halt") + +&#x200B; + +# Technicalities + +&#x200B; + +[ This morning, 💲 G M E experienced a \\"routine\\" volatility trading halt - The ticker ran up in the first five minutes after the open, before being brought down, in an orchestrated fashion that was likely designed to 'attempt to induce panic selling' - At 9:37:30 a.m. EST the stock was hit by a mysterious onslaught of superhigh-frequency 100-share-block-short-sells - One can observe the mass-coordinated 182.79 share sales, the next order a few pennies below this coordinated wall triggered the limit-down halt - This NYSE halt for a few minutes removed investors ability to freely invest. The fact that this same price action with exact timings took place with 💲 A M C reveals that this was an ETF-induced maneuver via the 'Meme-Stock' basket - The halt was followed by some consolidation - Contrary to the likely intent of the maneuver, 💲 G M E 'overcame' with a price recovery in less than one investing hour](https://preview.redd.it/r9cuito1wfq81.png?width=513&format=png&auto=webp&s=671c5df378cb65f70d45c1506284d9158dc9bd56) + +&#x200B; + +As displayed above, today, Hedge Funds abused their market function to purposefully and successfully *exploit* the Limit-Up-Limit-Down ([LULD](https://www.luldplan.com/)) protective-feature of the New York Stock Exchange. This created a few minute pause in investing that served to attenuate investing. The original spirit of that rule is to serve as a 9:45 am EST market halt feature that mitigates volatile and disorderly investing. There was nothing disorderly about a 7% increase in the 'lit' exchange price. But, the halt mysteriously took place earlier than it's supposed to: at 9:37 a.m. EST. In speculation of their motive and technique, by Hedge Funds assisting the 5-minute rise on the buy side (thereby dragging up the average price), they then forced the price down with high-frequency short-sales (thereby quickly triggering the 5% volatility down limit). + +💲 **G M E** investors who owned the stock through January 2021, when mainly limit-up halts were experienced multiple times per trading day, have classified this price action as '*routine*' and '*part of the game*.' Investors should be aware, however, that Hedge Fund(s) intentional manipulation of a security like this - in order to force a market halt - does constitute a gross violation of securities laws, as it is arbitrary and capricious behavior within markets, as well as abuse of the good-faith market function of a Hedge Fund. On the other hand, for the rightful investors of this company, who intend on long term company ownership, these minute-long declines could be viewed as 'acute discounts,' allowing for faster ownership of the company per dollar. This is especially so, theoretically, if the investor then utilizes those free discounts and is more readily able to remove the earned share from DTCC market 'lending' and 'locates' circulation by registering their newly-acquired-artificially-discounted shares directly with the transfer agent. + +This pause did prevent investors from being able to freely transact for a few minutes, and may have been a technique for the Hedge Fund(s) involved to not only "buy more time," but to make a quick jolt of profit. It is also possible that these funds were well aware of the timing of such a manuever, and were perhaps given a 5-minute window to make transactions before they manipulated the price downward (creating a short duration but high magnitude 'pump' and 'dump'). Similar 'short-ladder attacks' also occurred today at 2:56 p.m. EST and 3:37 p.m. EST. Performing three outsized 'short-ladder attacks' in one business day, while unable to harm the price nor adversely attenuate the natural demand for the stock, in-all-likelihood has even further substantially increased Hedge Funds' short-borrow liabilities. We would be able to observe this using tomorrow's live Ortex data. But, let's look at today's available data: + +&#x200B; + +# Short-Interest Data + +&#x200B; + +[Short-Borrows against 💲 G M E have only increased \(including from today's action\)](https://preview.redd.it/7xc6jcjv2dq81.png?width=749&format=png&auto=webp&s=04a90b8e383b80a8d99b95bfcb26fabdeae6b181) + +&#x200B; + +[With now 22.6 Million Shares on loan, and a 135.44&#37; increase in Cost to Borrow \(an interest rate fee on these borrows\) Hedge Funds continue to incur outsized risk \(a risk now faced by their clients directly, who have been restricted from recalling their investments by some hedge funds\)](https://preview.redd.it/jacqy8pu2dq81.png?width=933&format=png&auto=webp&s=e24c2e283c80ee1d68775c5a297dafff0a67ae62) + +&#x200B; + +# Technical Analysis + +&#x200B; + +[ 💲 G M E trends reveal an 'Ascending Wedge' chart pattern as well as a sustained price 'departure' above the 50 Period Simple-Moving-Average \(30 Min Periods\) - This chart is of the regular 'lit' exchange, which does not show the $510.00+ per share nor the $448,950.00 per share from today](https://preview.redd.it/3cu6l48x2eq81.png?width=896&format=png&auto=webp&s=429881daf47f25d73667b0476f75fe7f5dcfe75b) + +&#x200B; + +[Mentioned previously regarding today's Price Action, in-the-money alerts today were triggered for share prices above $510.00 - This image shows January 28th, 2021, when 💲 G M E was transacting at $508.04 per share just moments before the removal of the 'buy' button, indicating that true-economic-market-price discovery may very well require market prices above $508.04 or $510.00 per share](https://preview.redd.it/m6f9h9t7req81.png?width=905&format=png&auto=webp&s=4de4bb91b93e6c5b583b0508ead8ac7cacf97a39) + +&#x200B; + +[💲 G M E remains undervalued according to its 15-Month Historical Analysis](https://preview.redd.it/tjfz3gq56dq81.png?width=906&format=png&auto=webp&s=764f410954f1e419175a1ab7453445f69e9bf298) + +&#x200B; + +# Recent Fundamental Developments + +Increased demand seems to be growing for 💲 **G M E** based on new fundamentals, as listed below: + +&#x200B; + +* 💲 **A M C** CEO Adam Aron has expressed interest in expanding the company to be more of a global investing company, with intent to expand further, and having recently acquired a major stake in Hycroft Gold Mining Company +* 💲 **A M C** experienced success with the movie 'Batman,' and showed success not only with its digital-asset payments for movie tickets, but with dynamic pricing +* 💲 **G M E** Chairman Ryan Cohen, among other insiders, have purchased daily droves of raw shares of the company. In the case of the chairman, his ownership has grown to 11.9% +* 💲 **G M E** has a newfound digital-asset marketplace (with an art example, see below) that is not only in beta, but it is already collecting *transaction revenues* +* 💲 **G M E** as evidenced from legal spokespeople on twitter (yet to be officially verified), may have recruited Keith Gill, also known as Reddit User DeepFuckingValue, as a company employee to take charge of various roles. Further evidence is needed to verify this claim. + +&#x200B; + +[An example of a work of virtual art by an unidentified artist, available supply only = 1, which may be sold only on the GameStop N..F..T.. Marketplace, with transactional fees accepted by GameStop shareholders via company revenue generation - It is anticipated that online video game character skins, weapons, armors \(each with a unique supply of 1\) will also be able to be transacted on this metaverse market, in a way that suits gamers' needs and metaverse-participants' unique identities](https://preview.redd.it/xaje6ft44eq81.png?width=887&format=png&auto=webp&s=68cca15d2b185aaa5b6306076931a14941cf845e) + +# Conclusion + +1. Data shows that 💲 **G M E** touched upon $448,950.00 per share, $510.00 per share, $370.00 per share, $275.00 per share, and $200.00 per share today. This may seem confusing, but in reality, there are two types of exchanges: those we can see ('lit') and those we cannot ('dark pools'). It appears that off-exchange ('dark pool') prices went "to the Moon" today before a down-limit volatility halt was purposefully-induced (via an orchestrated maneuver by hedge funds where shares were expelled onto the market in superhigh-frequency block trades, 52,200 of which were of the same exact price of $182.79). 💲 **G M E** investors referred to their observation of this type of attack as '*routine*.' Just prior to this maneuver, in-the-money notifications of significantly out-of-the-money options were triggered above $510.00. Nevertheless, 'lit' prices then stabilized, consolidated, and resumed an upward trajectory. 💲 **G M E** thereby recovered, contrary to the designed-intent of hedge funds' short-selling maneuver, thereby placing even more short-liability risk onto hedge funds tomorrow. +2. On the technicals, the true economic market price is clearly being sought somewhere above $510.00 per share, and to note - the previous high was $508.04 per share on 28JAN2021, moments before brokerages' removal of the 'buy' button. Today's chart does reveal a favorable ascending wedge chart pattern, as well as a sustained and elevated price departure above the 50 Period Simple Moving Average (30 minute price box-plot durations). The short-sale interest only grew - now to 22.6 Million shares for short-borrow, now at January 2021 peak levels. Utilization for shorting is still 100%, and the interest rate to short-borrow with some brokers has ballooned to 85%. There are three additional investing days in this week. +3. This evidences an outsized risk to any institutional-class client who has investments managed by a hedge fund who may be over-shorting this stock, as hedge funds are now 'in duress' with likely only several business days remaining until this type of price action reaches 'lit' exchanges. Continued price action now paints a bona fide Bankruptcy risk (upon margin liquidation forced-buy-ins) to these shorting-hedge-funds, while the FBI, DOJ, and SEC continue to hawk their every move for evidence of naked shorting. Lending counterfeit shares, for selling a company's stock short, is a Class C Felony - it is punishable via 20 Years Prison Sentencing. Fundamentals for 💲 **G M E** reveal that insiders are continuing to buy raw shares of their company in droves, daily. Officers of victimized-companies do retain the right to file a multi-company civil suit against wrongdoers in U.S. markets, and in conjunction with criminal charges. Any and all awards earned via litigation have positive, material effects on company financials and shareholder net asset value. + +# TLDR + +💲 **G M E** is 'freely seeking' its true, economic, market price. On 28JAN2021, the price was $508.04 moments before removal of the buy button. Today, $510.00 call options were triggered as being 'in the money.' Charts displayed transacted prices up to $370.00 per share, and logs displayed 300 shares transacted of $275.00 per share. Further, ask prices, during a temporary halt, indicated 💲 **G M E** was worth $448,950.00 per share on the ask. Bloomberg terminal data too evidences these prices. On the 'lit' NYSE, the price after the open rose to about $200 per share. Then, as purposefully-orchestrated \[via superhigh-frequency block short-sale orders at 9:35 a.m. EST\], the price was short-laddered down for a few minutes. 💲 **G M E** investors faced a few-minute halt at 9:37 a.m. EST that \[as evidence suggests\] was engineered by Hedge Fund(s) in order to stay ahead of the trade, perhaps profit, while halting investment opportunities. Yet, on natural demand for the stock, the market price recovered within the hour, retesting previous highs on the day. Adding to Hedge Funds' risks of liquidation of their clients' assets, short-borrows have now further increased. This was even more so accelerated, provided today's 'absorption' of three rounds of short-selling in the same business day (and on a relatively high 17M volume). Interest rates to borrow are now up to 85%, Short Interest is 25% of the float, there have been 35 days of 100% Utilization, and January 2021 levels of shares on loan (22.6 Million) are now present. 💲 **G M E** investors referred to their observation of this type of investing day as '*routine.'* Owners of company shares, who invested through January 2021, experienced multiple limit-up halts *per day,* and at least one 'neutral' day was anticipated. There are three additional investing days in this week. + +&#x200B; + +* Edit: [I am long GameStop and Tilray](https://imgur.com/a/Z3XYsGE) with play monies and DRS. I did invest my tax return. I now stand in rightful compliance to a "position or ban" challenge, as I hereby 'yield' by displaying my position in lieu of facing a permanent ban. +* Edit: 11:11am EST on 30MAR2022: Exercised options positions, initiated share transfer to [Computershare.com](https://Computershare.com) (DRS). Added 💲 A M C call options $30 (01APR2022 expiry). Also hedging markets with an investment into 💲 U V X Y and 💲 S Q Q Q due to: lack of trust in markets and macro impacts: war escalating, record inflation, yield curve inversion, unreasonable oil prices, recession fears, and new evidence of our very own Federal Reserve \[and U.S. Treasury's\] collaboration with Citadel Securities... +[https://edition.cnn.com/2019/06/11/investing/elon-musk-tesla-annual-meeting/index.html](https://edition.cnn.com/2019/06/11/investing/elon-musk-tesla-annual-meeting/index.html) + +&#x200B; + +>Tesla hosted its annual shareholder meeting Tuesday. A lot — a whole lot — happened since the last time CEO Elon Musk faced stockholders in this formal setting a year ago. +> +> +> +>There's been a months-long battle between Musk and the Securities and Exchange Commission, shareholder lawsuits over his allegedly false claim that he had the money to take Tesla private, and a revolving door of executive shakeups. And that's just the boardroom drama. +> +>But Musk made it clear that he didn't want to rehash the past: "I don't think it's worth going over those things," he told the audience. +> +>Instead, he painted a promising outlook of Tesla's future, telling the room that Tesla's Model 3 sedan is selling faster than Tesla can build them. He said that self-driving capabilities are just a year away. Musk also hyped the new vehicle models that are in Tesla's pipeline, including the Model Y, a lower-cost SUV, as well as a semi truck and a pickup. +Hello, + +I am beginner in coding and I have made a basic cryptocurrency trading bot using python in Pycharm. However, sometime (maybe one a day) it will get an error about network connection which I am not planning to fix for now. Is there any way to configure Pycharm so that the program can restart automatically when a error occur? + +The erros is : requests.exceptions.ConnectionError: ('Connection aborted.', OSError("(10054, 'WSAECONNRESET')")) +Hey guys, Ive recently been listening to a lot of NN Taleb about the fragility of markets ect. + +He recently brought up an example of a portfolio with high fragility: + +There was a research group who figured out that the vix was calculating volatility incorrectly and that there was a statistical edge in trading against the vix. When they did this, they showed a graph of P/L and it seemed to be very linear and made a lot of money. At the end, the back-test showed that all gains from over 2 years of testing went to 0 following an unpredictable event. + +Similar situation: + +If you have a 70% win rate, if you gamble with 90% of your portfolio each trade, a string of 5 or so losses will destroy even the largest of accounts. + +How do you measure this with your own strategy? How do you hedge against black swan events or instead as NN Taleb described it, make your strategy anti-fragile (in favor of volatility). + +I believe my strategy to be good and very convex, but there are periods of losses. Any ideas how to measure the potential maximum loss?? +Hi, long time reader - first time poster. + +I've had a business for a a couple of years, making a modest salary ($50-60k) annually as w2 (of course took distributions as well). Business did roughly $500-1M annually. At the same time, I started another business with 2 other partners. We grew the business incredibly quickly.At the end of the 2021 we were able to have a small exit. Through that deal, the second company "acquired" my first company. We created a new entity that is now a C-Corp. Now I'm a C-Level exec with a salary (200k W2) + Bonus (200k annually). I own a significant amount of shares in the new entity. + +With the exit, I netted roughly \~$6m pre-tax. After taxes - paying off debt, etc. I currently have 4.1m (current value is 3.7m) in investment accounts. Was able to leverage 2.8 from that account.Have another \~$180k in cash reserves.In the next 18-24 months we expect another larger exit - personally for me at 60-80+mm. +Personally Stats: + +* \- Married - 2 children- +* I'm currently sole breadwinner +* \- 780+ Credit Score +* \- No real Credit Debt (Payoff each month) +* \- Current home has $190k remaining on mortgage. Purchased 10 years ago at $255k. Current value \~$585k. Will sell this property once new house is built. +* \- 3 cars. 2 paid off, 1 on a lease + +In the mean time, I'm looking to build a new house.We currently purchased an existing house for $1.42m. The idea is to knock it down and build a new house and be all in for $3.5-4m. We took out the 1.42m from the 2.8m mentioned above as it is interest only (3.9%) to pay cash on the lot. + +Now I'm looking at best ways handle the construction cost. I've reached out to 2 banks, and one bank has already called me and didn't think that they can help me. The other bank scheduled a call, but I'm not feeling too confident either. + +What does fatFIRE recommend my next move is? Is getting hard money my best option to get through the construction and then look at re-financing into a traditional mortgage after the build is complete? + + +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.*** +My portfolio has been down 5-7%, since the year started. +Anyone else in this situation? + +Don't know when things will get stable. +As a 1 year old investor, this is bit frustrating tbh. +This might be a stupid question. +But I recently started making some money and I'd like to invest some of it in the stock market. Problem is work hours and trade hours clash. +Backtesting seems viable and interesting. How do I get into it effectively? + +Can you suggest some reading material before I drive into it? + +I'm a CS undergrad student and I have experience in ML. (If it matters) + + +So Robinhood listed ETC and it's pumping right now and many people gained interest in investing in ETC. This ETC pump shows, a lot of people still use Robinhood despite: + +* The WSB Drama +* That you don't actually own anything you buy on RH and can't transfer your coins into your wallet +* RH blocking the buy button/manipulating prices, as it suits them +* RH going down as soon as coins pump +* All these reminders not to use RH + + +And even though they listed an obsolete coin, it still got pumped because it seems like nobody on RH does DYOR. + + +Don't buy ETC! + +* It has no development +* It's hackable +* Malicious investors use ETC as a monetary scam +* ETC is an Attack against Ethereum + + +The ETC pump and so many people still using RH proves we're still in the early stage and a lot of people still don't know shit about crypto. +Yesterday at 4:10pm EST I sold the 266.50/266.00 put spread for a 2 cent credit. 1,000 of them. I guess at 4:14 or 4:15 before the option expired SPY must've dipped below 266.50 because I woke up the next morning before the market opened and saw my balance was up about $140k. I thought it was a glitch with the Etrade app at first but then looked at my portfolio and saw what happened. For some reason I was assigned only 863 of the 1000 put contracts I sold. That's 86,300 shares of SPY which is about $23,000,000 worth. I only had $50,000 in my account so I started panicking and wondering if Etrade would liquidate my account or something, so I put in a limit order of 268 (SPY was trading around 268.12 at the time), hoping the sale would go through immediately. After putting in the order a message popped up saying my order would be put through when the market opened, which I don't understand because I thought you could buy and sell stocks/ETFs during premarket hours. So anyway I was stuck staring at my phone's screen until 9:30 when the market opened. Immediately about half my shares sold for $268 each. The market seemed to be dropping so I lowered my limit for the rest to 267.60 and the rest of them sold for that price. After all that my balance was about $112k higher than it was yesterday. Does anyone know how much interest Etrade will charge me for holding 23 million dollars of SPY for these few hours? +Proof: https://imgur.com/a/onEjU +Firstly, is it even possible to have good very financials during a recession? + +Secondly, if that is possible, is there any chance it's stock would go up during this period? Or will it always fall? Or maybe fall less than the market average? +Hey everyone. I'm a 24 year old who's been lurking around this sub for a while now - basically since I got my first job and realized I really don't want to work for the rest of my life. I'm super grateful to you all for getting me on the right track. I make about $85K gross at the moment, and my NW is sitting right around $95K. + +I've been working from home for the last 2+ months, and it's wearing on me, and really making me miss my extremely expensive hobby: horseback riding (jumpers, specifically, if there are any horse people out there). I miss riding terribly, ever since I graduated college and stopped. It quite literally is the only thing that has ever brought me that level of happiness/joy/passion before. But I don't think there is any way around the fact that it's completely incompatible with FIRE for me, unless I up my earning significantly (which won't happen anytime soon). + +How do I come to grips with this? Anyone else give up some of their passions to pursue their FIRE journey? Was it worth it? Did you get back into your hobby later in life? +Some context. HENRY at the moment says but fire is on the near horizon. + +Recently I’ve been aware of a few friends in my circle (HNW++) getting more into altruistic causes instead of spending money on the next vacation property, car etc. + +Notably one of them began taking refugees into their home and paying for education. Politics aside, that’s pretty impressive and a huge commitment. More than just throwing money at something. + +Another has their own program to mentor children. + +For a few Christmases now, we have donated a bulk of unwrapped presents to women’s shelters. As I understand it, that allows the women to choose and wrap the presents for their their children. All women in the program are single mothers and at risk in one way or another. Most unable to pay for food, necessities. + +This giving has been a lot of fun for my family because it allows us to go to a toy store and shop for all the most interesting toys - some that even make me jealous of my childhood. + +It feels incredible to know that we helped but, and I’m ashamed to admit this, not being able to see the effect of our gift is a bit of a detractor on the arrangement. No need to be “known” as the benefactor or anything, but to see the joy would be worthwhile. + +So my question is what is everyone doing to give back in ways more than just writing a faceless check? +Happy Sunday Apes, + +Fair warning: if you don’t want your nipples to be harder than a pair of woodpecker lips, stop reading now. + +Alright then. Now that I know everyone is still here, let’s get crackin’ with some grade A speculation. + +Like a lot of folks recently, I’ve been trying to put together the pieces of this puzzle in a way that it all adds up. We know the mechanics of the dividend are confusing - even within industry circles. Why? IMO, there are pieces of the puzzle that aren’t yet known to John Q. Public. That’s intentional. The following is my best guess as to what those missing pieces are, and how it all adds up in a way that makes perfect sense. Let’s dive in: + +On June 27 at 3:59 PM (1 minute before market close) RC tweeted: + +“Wall Street charges lofty fees, +doesn't risk its own money, +consistently underperforms and +wins regardless of how the economy +does. Meanwhile, Main Street faces +inflation and a growing wealth gap. +What's the solution?” + +As everyone knows, even RCs most cryptic tweets have been analyzed ad nauseam in search of their hidden meaning. This one? To me, this is plain as day. Let me begin to explain by asking a few follow up questions: + +If you want to start a billion dollar business legitimately (emphasis added; obviously subjective), what’s the first step? A: you need to find a big problem. Then, you need to find a solution to that problem. + +How do you do that? You listen to the market around you: + +- What are people saying they don’t like? +- What are people saying they wish existed? +- What are people saying frustrates them? +- What do people think is incredibly inconvenient? + +Is this a problem you can solve? Is it a problem that’s worth solving? + +If you solve a problem that the market wanted solving, and you do it an a scalable way, the market will reward you favorably for doing so. In short, you become a billionaire like RC not by chasing money, but by chasing big problems. The value of what you create will be proportionate to the size of the problem you solve. + +In this tweet, he’s flat out spelling out the problem HE has identified. He’s not asking a question he doesn’t already know the answer to. + +So, how big is this problem? + +Google NYSE market cap. It’s somewhere in the 25-30 TRILLION dollar range annually. Annual volume is in the trillions of dollars too. The DTCC processed 2.3 QUADRILLION in securities transactions in 2020. + +Be your own bank? How about your own exchange? Imagine owning a piece of that. + +Here’s how I believe this all plays out: + +1. The dividend is issued - it will in some way (even if unbeknownst to the general public at first) highlight a major problem with GME stock being listed on the NYSE and facilitated by the DTCC +2. The NFT marketplace will go live +3. RC & Co put their money where their mouth is and begin the process of moving shares onto their new marketplace. It wouldn’t surprise me at all if there is an unannounced crypto/NFT element of the upcoming dividend +4. Once the stock is transitioned, the true MOASS begins. What that will actually look like is a mystery, but here are some additional important factors to consider in support of this thesis: + +A big question that’s been floated is: how will MSM spin this when sh*t hits the fan? Well, a stock hitting the prices Apes are expecting is unheard of, and frankly would be impossible to explain away. While stocks hitting those prices - yeah, yeah, I see you Berkshire Hathaway - is unheard of, what’s a relevant related space that’s already commonly accepted to hit astronomical prices? Crypt0 and NFTs. As far as I’m aware, a single share of stock has never sold for millions of dollars. NFTs on the other hand? The highest price I’ve found to date is: The Merge for 91.8 million. + +Having the MOASS occur on the NFT marketplace makes too much sense for all parties involved: + +- GME is transitioning to web3. Why should they leave their stock listed on an outdated and obviously problematic platform when they’ve built their own solution and have been handed the most incredible opportunity to launch it with more fireworks than one can possibly imagine? +- MSM gets plausible deniability. Yeah, you may not like this, but it would be true in this scenario whereas it would be impossible in another. Whether you like it or not, this is a critical factor. +- Not as sure about this one, but wouldn’t the stock be short able when it’s at astronomical prices during MOASS as things are today? Likely prices never to be seen again? If true, that would be a risk worth avoiding. + +To me, this is the scenario that makes the most sense by far. Start looking at your DRS shares as tokens (edit: digital assets). Dr. T said it herself: + +“DRS is the exit I helped build (on the DTC’$ dime, BTW) starting in 1992 so retail investors could leave the DTC, their banks, brokers, and the Wall Street casino behind and get directly connected to the companies they invest in.” + +You see how all the pieces fit together? This is a decades-old problem that’s finally going to be solved, and everyone reading this is in on the ground floor. Trust that, regardless of how exactly it all plays out, you will be rewarded handsomely. Don’t forget - none of this would have been possible without retail investors. We know it, and the company has openly stated it on numerous occasions. You can be sure that you will be rewarded for your contributions. All you need to do is sit back and enjoy the ride - trust that your investment is in the safe and more-than-capable hands of RC & Co. + +TL;DR: + +- the NFT marketplace is where this is all likely to go down +- The dividend is the first step of the end game +- Buckle the fuck up and enjoy the ride + +🦧✌️💙🚀 + +EDIT: something of importance I forgot to originally include. Imagine trying to time the MOASS on the current exchange? CS sell limits, peaks, valleys, fuckery of every degree, etc. Having that volatility occur on the NFT marketplace likely gives the company and shareholders significantly more “control” over exit prices - if they even want to exit at all. +As most know about the Evergrande situation and the possible implications on the global markets. +But Chinas issues run deeper, their railways are between 900 billion-1.8 trillion in debt losing around 24 million a day. +It's hard to get accurate figures however take these as low estimates. In China these railways are essential for commuting to nearly 32% of the entire country's workforce +A bail out of the housing sector doesn't fix everything for China. +They are essentially choosing housing over jobs. +Add to this that China's national debt is over 7 trillion excluding owned debt of other countries (1.1 T in US treasury bonds, 385B from poorer nations alone) +Are we simply turning a blind eye to this? +Should this not be in discussion in market news rather than the singular focus on Evergrande? +Finally not wanting to sound like a doomsdayer but is there a way to hedge against this crash of crashes? + + +Sources: 385 billion debt https://www.theguardian.com/world/2021/sep/30/42-nations-owe-china-hidden-debts-exceeding-10-of-gdp-says-report + +US treasury debt +https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp#:~:text=China%20has%20steadily%20accumulated%20U.S.,other%20foreign%20country%20except%20Japan. + +Video on railway debt +https://youtu.be/eLCa6Vl7EeQ +Would you rather work for 52k a year at a job that matches 401k up to 4% or 60k at a company that doesn’t match, is a farther commute but has a better job title +My wife and I bought a condo with an FHA loan of a property worth $285,000. 2bed/2bath in Southern California. I received a letter in the mail letting us know that the condo is now worth an additional $17K market value. We've been living in the condo for about 3 years now. + +Mortgage with HOA is about $2200/mo. $325 for HOA. + +We're thinking about moving out of the condo and renting it and moving with my inlaws essentially rent free minus about a hypothetical $1000 to help with expenses. The rent would pay for the condo per month (assuming we have reliable renters). + +Currently our income is about $6500/mo. If we save $4000/mo for about 6 years we can save roughly about $280K. Would that amount pay for the entire property and have the "rent" be additional income minus HOA? + +Is that how it more or less plays out? +My grandpa passed away and left 75k for my sister and I. I have no idea what to do with it. I’m 22. I don’t have any debt nor do I have big bills to pay. I still go to community college. I need help knowing what the next move should be. +**JOPLIN, MO.** \- Two thieves ripped open a Bitcoin ATM this past weekend outside a Joplin Circle-K and made off with about 153 bitcoins (BTC) according to the Joplin Police Department. + +The heist took place about 6 a.m. Sunday at 4420 N. 45th St. + +An eye-witness reported seeing two men backing up to the Bitcoin ATM with their car and ripping the front of the machine open with crowbars. + +“*It only took them about two minutes,*” said Jeb Moons, who said he heard the thieves screaming “*gotta get those tendies!*” and “*diamond hands bitches*!” as they poured the loose BTC into their backpacks. + +Moons said the men were dressed in black with the hoods of their sweatshirts pulled up and their faces covered. He also reported that both sweatshirts had the letters “WSB” on them with a image of a baby wearing sunglasses. + +“*There was literally bitcoin everywhere, it was like witnessing a real-life double-top!*” said Laura Latoshi, who also remarked that she saw people rush the ATM and start grabbing as much bitcoin as they could carry. “*If you ask me, they are just a bunch of paper-handed bitches who obviously panicked during the last market dip and sold low.*” + +The car — a 2021 Tesla Model S Plaid — was subsequently spotted by employees working the Joplin AMC Theatre later the same day. “*I guess they bought high and sold low and are looking for a way to buy some Lambos.*” said Frank Etherman, an AMC box office employee. + +A member of the popular subreddit, *CryptoCurrency*, estimated the theft was worth roughly $6,900,420.00. Police are asking anyone with information to post on r/CryptoCurrency. + +&#x200B; + +[Thieves make off with $6.9 million worth of bitcoins](https://preview.redd.it/791huu5rpkg71.jpg?width=1384&format=pjpg&auto=webp&s=280b9d5a128eabde80daa71cfe9720cff990192f) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*If you made it this far, thanks for reading. Hopefully this was a funny break from all the political and hacking news. Have a great day everyone!* +TORONTO -- Ontario Premier Doug Ford is calling on the federal government to support the replacement of its 14-day quarantine measure for international travellers with rapid COVID-19 testing.  + +The premier made the comments at a news conference on Monday, saying that the province would move forward with its own plans to implement the replacement if the federal government chooses not to.  + +“I want to start getting people tested as they're coming off rather than isolating for 14 days. Let's get them tested immediately when they come off the plane and test them again five or six days later,” Ford told reporters. + +“But I need the federal government's help on this and if they don't want to do it, then we'll go at it alone even though it's not our jurisdiction, airports, it’s the federal government’s.” + +The Alberta government announced last month its plans for a pilot project that would allow international travellers to forgo the federally mandated two-week quarantine period for a rapid COVID-19 test.  + +The pilot project, developed in partnership with the federal government and Canada’s travel industry, [began in November](https://calgary.ctvnews.ca/covid-19-testing-pilot-begins-for-international-travellers-arriving-at-calgary-airport-coutts-crossing-1.5170665) at both Calgary International Airport and the Coutts border crossing. + +Under the plan, international travellers receive a COVID-19 test upon entering Canada before going into quarantine. If the test comes back negative, those travellers are allowed to leave quarantine but will have to take another test six or seven days after their initial arrival. + +After the October announcement, the premier said he would be [open to implementing](https://toronto.ctvnews.ca/ontario-premier-open-to-replacing-14-day-quarantine-for-international-travellers-with-rapid-covid-19-test-1.5155821?cache=kcfnyoei%3FclipId%3D89925) a similar measure in Ontario, and is keeping “a really sharp eye on what's going to happen out in Calgary.” + +Ford said he would plan to “put people” in the province’s two largest airports in Toronto and Ottawa and at some border crossings to implement the rapid testing, and added that he hopes the federal government will support his plans.  + +“I would really like their support and I want action on this as soon as possible,” he said during Tuesday’s announcement, where he also congratulated U.S. presidential candidate Joe Biden on the election results this past weekend. “I look forward to working with anyone who has the best interests of Canadians and Ontarians at heart,” Ford said. + +“I proved to every Canadian and the world that if someone comes after our country, someone comes after our province, I'm going to go at them like a lion. I don’t care if they are Republican or Democrat.” + + +Credit: [https://toronto.ctvnews.ca/ontario-pushing-to-drop-14-day-quarantine-for-travellers-here-s-what-would-replace-it-1.5181322](https://toronto.ctvnews.ca/ontario-pushing-to-drop-14-day-quarantine-for-travellers-here-s-what-would-replace-it-1.5181322) +I thought it’s always a good time to buy index funds? Especially now that the market is down, wouldn’t it be wise to DCA like one normally would? If not, why are comments saying not to do this getting upvotes? +Interesting start to the week, who knows what's in store for us but regardless - these are buying opportunities. Plain and simple. + +What are we looking at to start a new position or add onto existing ones? + +I'm always adding to ATD.B and BAM whenever I can, thinking of adding to my SCR with a big correction this morn knowing legalization is in the near future. +It seems to me that the stock market is falling and large-cap funds are on discount. As a naive investor, I am wondering if it's a good idea to put money into growth funds while they are cheap in the hopes that I get more shares for my dollar. Such that in 30+ years I get rewarded a bit more for buying funds at a discount. Is my logic flawed? +This stat gets thrown around a lot, but perspective would be helpful. + +EDIT: I am aware 10% is not a recession, but a correction. + +I misspoke and meant a 10% dip/general market downturn +It looks like Australians should stop being “comfortable and relaxed” and be a bit more alert in terms of broader economic issues. + +What are you doing / wish you were doing to prepare for the upcoming recession? + +*I acknowledge recession is probably not technically the right work as all it indicates is slowing of GDP, where is I am talking about the broader population being worse of in economic terms* +I really got interested in real estate at 14, read Rich Dad Poor Dad, a few Gary Keller books, and listened to pretty much every episode of bigger pockets. I routinely drive around my small town learning which areas are on the up and which aren’t, who’s investing where, what businesses are coming in. I know this is good but I feel like I have to take some action, I’ve spent so much time listening and reading and I need to break past that stage. + +I’m halfway through my A.A, working for my parents landscape company, with about $10k in the bank (that I’ve saved throughout high school) I want to finish’s my A.A and then get my real estate license in 2021, but I want to get my foot in the door at a local company first, how do I approach this? To any brokers or agents on here, how would you feel if an 18 year old you’ve never met asked to work for you? What is the best way I could do that? + +I am extremely confident and I think I would be a solid agent since I’m outgoing but I would really like to be on the investing side of real estate with a focus on single family homes (aimed at blue collar workers), storage complexes, small apartments. I have ideas regarding self storage that I don’t think anyone is doing I just need to get my foot in the door. + +Overall, I am looking for advice on where I can get started and how to build a career in real estate. Thanks! +Hey all, been a lurker for quite some time but I wanted to share my experience buying in a fairly expensive area right next to New York City in New Jersey. This was my first rodeo and I had quite a fun learning experience which I want to share with you all as I am definitely going to continue down this path to build a portfolio. + + +**Background:** +I worked for one year in consulting after graduating from university earning 75k and saved every single dollar. I've been interested in real estate as a senior in university and listened to every single Bigger Pockets podcast and have been reading threads in this sub. After 1 entire year of working I had enough for a down payment of 25k and I pulled the trigger! + + + +**Lessons learned:** + +1. **Ask about renovations before closing the deal.** +As most New Yorkers know, we were hit by a snow storm earlier in November which caught the whole city off guard. My roof leaked and my tenants were texting me at 3am... I had no idea what to do besides frantically googling and calling contractors. This cost me $2.9k... In hindsight, I think I should have inspected the roof, or at least asked when it was last renovated. I view this as a learning experience, luckily the 4 months of rent I've been collecting was just about enough to cover this expense. +2. **Have a very specific statement of work written up before contracting anyone.** +I work full time... I can't supervise any sort of work during 9am-6pm. I told the contractor to send me pictures during and after the process but he only sent me the ones of the finished roofing work. How can I confirm he actually fixed the innards of the roofing that are probably rotting due to the water / snow? I couldn't. Now I have to hire an inspector to make sure the job was done right which is an additional cost to me. + +**Questions I have:** + +1. Should I get my real estate sales persons license to save on the 3% fees if I plan to be an investor long term? +2. How do investors that work full time manage contractors when they aren't able to supervise the job? + EDIT: +3. Someone who is an investor, was it worth it to get your own license and if so, +4. How did you find a broker to hang your license? + +&#x200B; +Hi all, + +I'm embarrassed to be posting this but I really need help. I've been trading crypto futures the past month and have dug myself a pretty big hole. I'm currently down $22,000. Here's my full trade history: https://imgur.com/gallery/v0zIBd9 + +Just for context I'm a software engineer making a good salary yet currently I'm in debt about $5,000. I have a history of drug and gambling addiction, as well as depression. It feels like I can't stop, I don't know what to do anymore. I can't live with myself knowing I've lost so much in such a stupid way. Can anyone please give me any tips to get myself past this dark phase of my life? I'm turning 27 in a week and can't keep living like this. +Can someone explain to me, in simple terms, what happened to pensions in the UK over the last couple of days and what the BOE has done to step in? I just can't simply get my head around it. + +My dad is on a final pension salary scheme and has grafted his but off for over 40 years and is hoping to cash in in November - how will this effect him? +I'm looking for a book (or other resource,) that can help me understand the difference between all the different types of securities. When someone starts talking about a complex strategy involving NVCC and CoCo bonds with puts and call on pref shares that might convert and then a CDS and some futures.... I get lost. +Hi all, + +Not sure if this is the correct sub reddit but it’s linked to income + +Really interested to understand what people’s drivers are for being career focused? What are your reasons for pursuing a career vs. Spending two years travelling the world or moving to a small town for a more relaxed way of life for example + +I ask as I’m 27 in July and I’ve always thought of myself as being highly driven and career focused but I don’t have any real career goal in sight other than to work on exciting projects and build knowledge and progress in my field. As I’ve moved up in position it’s become apparent to me that money isn’t my central driver (for ref. I’m on ~95k total package in London), but I’m not sure what’s really driving me to still have this focus. + + +Edit: a lot of responses here. It seems people have a mixture of drivers ranging from early retirement to insecurity about finances to supporting dependents to not growing up wealthy and wanting a better life to not caring about money at all and focusing only on stimulating or interesting roles + +Thanks +&#x200B; + +[YTD](https://preview.redd.it/c3svoe0u2p091.jpg?width=1170&format=pjpg&auto=webp&s=f2ed248b2b272adc7cd0b0437470f51b03a08b6a) + +&#x200B; + +[All Time P&L](https://preview.redd.it/22huvdye5p091.jpg?width=1170&format=pjpg&auto=webp&s=3bcdb703e74242ea7da8fe856532d558b6f6207b) + +Been in a slump. I understand the market has been in a downtrend. I've been trading full-time for over 2 years now. I've made great progress, but man.... I cannot find my rhythm. I study every night, I go over my losing trades to figure out where and what I'm doing wrong. I go over and try to sharpen my skills on my winning trades and fine tune it more and more. I'm constantly watching YouTube videos, reading posts on here, talking to other traders, etc. I just feel like I'm becoming a worse trader somehow. It's getting to the point where I feel the need to write this post because I honestly don't know what else to do. + +&#x200B; + +I'll have a good couple of days in a row with my strategies, then I'll have a span of days or even weeks where I can NOT for the life of me have a winning trade. My problem in the past was that I didn't cut losers quick enough and I have huge losses that set me back a lot. I've tried to combat this with setting physical (instead of mental) stop losses. Mental stop losses allow me to be emotional. However, my stop losses always seem to hit... no matter how close, no matter how far. + +&#x200B; + +I try to hold winning trades, because I always seem to sell too soon before the ACTUAL run up. I sell for pennies, while the trade is actually on it's way to dollars in the money... but when I hold winning trades, it ultimately ends up working against me and I lose a decent amount of money. When I don't hold trades, I take smallll profits... and then it ends up running. + +&#x200B; + +There's so much more to it. I could talk forever about trading and the stock market and my journey in general. Sorry if this post is somewhat scrambled and incoherent. My mind is just lost at this point. I can answer any questions anyone has. I'd really appreciate some feedback, suggestions, etc. Thanks guys. +How do you know when you’re ready to go full time into day trading? I’ve wanted to and I’ve been trading for about a year and I’m not sure. Last year I made 41% of my full time salary trading and this year I’ve already made 62% of my salary only 3 months in so I’m fairly confident I could pull it off but I’m unsure +I’m 26, a scientist on 31k in London, all things considered I’m not doing too badly in terms of budgeting + saving. + +But I’m finding lately that it’s something I think about too much. I meet people and hear they work in finance/law etc and my first thought is always “oh they earn more than me”, with a bit of envy. I’ve often considered changing careers to finance purely for the money, I��m worried I’m not saving enough each month and feel guilty for going out with friends etc. I’m not sure how to balance “live your life” with “save for your future”, especially in a city like London where saving is already so hard.m + +Edit: thanks to everyone for your responses!! A mixed bag of answers here, but it’s definitely given me a lot to think about, gonna enjoy my money guilt free, but still aim for more! +Tesla Inc.’s stock has seen its worst week, month and year in 2022. The company’s share value dropped almost third of its value in past seven days. [Legislations](https://www.marketwatch.com/story/teslas-self-driving-claims-could-soon-run-afoul-of-new-california-law-11672268795) are on the way to take away the current status of its “fully self-driving” status. Elon Musk as a brand is badly damaged and it is impacting the company in a very destructive way. Company‘a CEO is focused on Twitter. Some calling Tesla as a [Company without a CEO](https://www.wsj.com/articles/tesla-investors-voice-concern-over-elon-musks-focus-on-twitter-11670948786?wsj_native_webview=iphone&ace_config=%7B%22wsj%22:%7B%22djcmp%22:%7B%22propertyHref%22:%22https://wsj.ios.app%22%7D%7D%7D&ace_environment=iosphone,webview&ns=prod/accounts-wsj). + +In all the mess, Tesla is in, what price will you pay for each share during 2023? +What's all the rage about?! The cultural movement that 420x is based around brings the community together and provides us the strength to strive for greatness. Our cause is to work together as collective, united as one to bring global matters to the forefront of peoples attention, and create positive impacts across the globe for everyone. Our immediate goal is to unite a global community of likeminded individuals by establishing the 420x brand through partnerships with online and brick and mortar shops, dispensaries, influencers, charities, and celebrities. + +The community at 420X are devoted to our success because they understand 420x is not just another crypto currency but a defining moment between crypto and counterculture. We pride ourselves at being a part of a very lively community which also happens to be in the forefront of a rapidly growing industry. Our vision is to bridge the obvious gap and create the world’s first marijuana friendly cryptocurrency brand. + +We have an onslaught of AMAs in the coming days so tune in and get your moon bags ready! + +\- 5th May 16:20pm UTC - Community AMA ✅ + +**- 6th May at 5:00 PM UTC - AMA with a 30K telegram group** + +\- 7th May at 19 UTC - AMA with a 15K telegram group + +\- 9th May 18:00 UTC - AMA with a 143K telegram group. + +What 420x has achieved in only 15 days! : + +EXCHANGE LISTING - TigerCoin have announced they have been released on their exchange! ✅ + +Over 18k holders ✅ + +Almost 10.5k telegram members that are super active ✅ + +Audit by Tech Rate [https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) ✅ + +Very **big announcement** coming this week, Stay tuned! + +Our coin distribution is one of the best on the Binance Smart Chain, they have no whales that can dump harder than our liquidity. One of the healthiest charts for a new project. + +I got my moon bag! Are you ready to go high? + +💸 Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +❇️Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +(Audited by TechRate) + +🍰 Buy here on PancakeSwap(Use V1) : + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +420x Official Links : + +Join Telegram and jump on the Voice Chat, Devs are awesome they are just like us Degen’s and always clear any questions! + +Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +Website : [https://420xcoin.com/](https://420xcoin.com/) + +Twitter : [https://twitter.com/420xcoin](https://twitter.com/420xcoin) +I often read on CanadianInvestor about people trying to avoid Wealthsimple Trade's 1.5% conversion rate, which is admirable and smart. However, I also tend to read in these posts that buying US stocks/ETFs at Questrade is 'free', which is not true. + + +I am NOT endorsing Wealthsimple Trade, nor Questrade, NOR stating that one is superior to the other. They both can be less or more costly based on the amount of trades (both $ amount and number of shares), how often you are selling, and your comfort level with Norbert's Gambit and holding USDs (and how often you must convert back to withdraw the funds). + + +Questrade charges a conversion fee of 100 basis points (about 1%) on the buying, and the selling of US stocks/ETFs. (https://questrade-support.secure.force.com/mylearning/view/h/Investing/Currency%20exchange%20fees%20for%20Questwealth%20Portfolios/) + + +There are a few caveats however: + +- Questrade allows you to have a USD account, so selling a stock/ETF can be held in USD, and you'll only incur the conversion fee when moving back to Canadian dollars (but will pay the selling fee of $4.95-$9.95) + +- Norbert's Gambit is possible at Questrade. This will cost you around $8 to accomplish (https://wealthsavvy.ca/norberts-gambit-questrade/), more for very large sums of money + +- If you are gambiting less than $534 worth of Canadian dollars, Wealthsimple's 1.5% conversion is cheaper than Norbert's Gambit (so obviously save up a little before Gambiting and Gambit infrequently) + +- If you are selling a share at Questrade (into USD account or ortherwise) you are paying at least $4.95 (more if converting to CAD) and if you are selling less than $330 CAD worth you are paying more than converting to Canadian dollars from selling at Wealthsimple Trade at 1.5% (but are not holding USD). + +- If you are gambiting and then buying and then selling in Questrade you need to sell above $863 CAD in order to beat the 1.5% conversion (so Gambit a $1000 and make one sell and you've paid the same as the 1.5% - but you do have USD) + +- Gambit, buy, sell, Gambit back to Canadian more than $1397 to beat the 1.5% (of course this is a crazy strategy, just noting price breaks) + +- cannot buy options with Wealthsimple Trade + +- Edit: dividends going into USD account may be advantageous + +- fluctuations in exchange rates and how long you hold USDs and when you do your conversions all factor in, but are very hard to predict + + +Buying and selling USD stocks/ETFs at Wealthsimple costs you a variable cost of 1.5%. Buying and selling USD stocks/ETFs at Questrade costs you a fixed cost of a minimum $20.95 (Gambit + sell + Gambit) to be able to spend the investment (or variable cost of 1% and a fixed selling fee of $4.95-$9.95). The fixed cost has huge benefits if spread over large dollar amounts and/or small numbers of sells, the variable cost has huge benefits if spread over small dollar amounts and large numbers of sells. + +TLDR: If you can Gambit large sums, sell fairly infrequently (or in large amounts >995 shares) by all means Questrade beats 1.5% conversion fees all day. If you are making smaller Gambits, many sells, or trading in small amounts, perhaps it is time to get the calculator out and see if saving the 1.5% conversion fee is actually saving you money. + + +EDIT - did some excel modelling. If you have $100 to invest each month, no matter how you gambit (ie/ every month or hold to save fees) Wealthsimple provides a better return on investment despite the higher fees (assumes 1% increase in share price per month) +I often read on CanadianInvestor about people trying to avoid Wealthsimple Trade's 1.5% conversion rate, which is admirable and smart. However, I also tend to read in these posts that buying US stocks/ETFs at Questrade is 'free', which is not true. + + +I am NOT endorsing Wealthsimple Trade, nor Questrade, NOR stating that one is superior to the other. They both can be less or more costly based on the amount of trades (both $ amount and number of shares), how often you are selling, and your comfort level with Norbert's Gambit and holding USDs (and how often you must convert back to withdraw the funds). + + +Questrade charges a conversion fee of 100 basis points (about 1%) on the buying, and the selling of US stocks/ETFs. (https://questrade-support.secure.force.com/mylearning/view/h/Investing/Currency%20exchange%20fees%20for%20Questwealth%20Portfolios/) + + +There are a few caveats however: + +- Questrade allows you to have a USD account, so selling a stock/ETF can be held in USD, and you'll only incur the conversion fee when moving back to Canadian dollars (but will pay the selling fee of $4.95-$9.95) + +- Norbert's Gambit is possible at Questrade. This will cost you around $8 to accomplish (https://wealthsavvy.ca/norberts-gambit-questrade/), more for very large sums of money + +- If you are gambiting less than $534 worth of Canadian dollars, Wealthsimple's 1.5% conversion is cheaper than Norbert's Gambit (so obviously save up a little before Gambiting and Gambit infrequently) + +- If you are selling a share at Questrade (into USD account or ortherwise) you are paying at least $4.95 (more if converting to CAD) and if you are selling less than $330 CAD worth you are paying more than converting to Canadian dollars from selling at Wealthsimple Trade at 1.5% (but are not holding USD). + +- If you are gambiting and then buying and then selling in Questrade you need to sell above $863 CAD in order to beat the 1.5% conversion (so Gambit a $1000 and make one sell and you've paid the same as the 1.5% - but you do have USD) + +- Gambit, buy, sell, Gambit back to Canadian more than $1397 to beat the 1.5% (of course this is a crazy strategy, just noting price breaks) + +- cannot buy options with Wealthsimple Trade + +- Edit: dividends going into USD account may be advantageous + +- fluctuations in exchange rates and how long you hold USDs and when you do your conversions all factor in, but are very hard to predict + + +Buying and selling USD stocks/ETFs at Wealthsimple costs you a variable cost of 1.5%. Buying and selling USD stocks/ETFs at Questrade costs you a fixed cost of a minimum $20.95 (Gambit + sell + Gambit) to be able to spend the investment (or variable cost of 1% and a fixed selling fee of $4.95-$9.95). The fixed cost has huge benefits if spread over large dollar amounts and/or small numbers of sells, the variable cost has huge benefits if spread over small dollar amounts and large numbers of sells. + +TLDR: If you can Gambit large sums, sell fairly infrequently (or in large amounts >995 shares) by all means Questrade beats 1.5% conversion fees all day. If you are making smaller Gambits, many sells, or trading in small amounts, perhaps it is time to get the calculator out and see if saving the 1.5% conversion fee is actually saving you money. + + +EDIT - did some excel modelling. If you have $100 to invest each month, no matter how you gambit (ie/ every month or hold to save fees) Wealthsimple provides a better return on investment despite the higher fees (assumes 1% increase in share price per month) +September 15, 2008 is the day when major markets went down with bankruptcy filed by Lehman brothers and a lot of companies tumbled. Did it had any impact on your life? How did you cope up with your portfolio? If there is one in near future how will you prepare for it? +Hello, + +Firstly, I was to apologize if this isn't the correct place to post. + +My family (in Canada) has an apartment in India, which is currently being rented out. The renting process is being managed by my Aunt, who has allowed a family to begin staying in the apartment before making any advance or, more importantly, writing a contract. + +The gentleman staying in the apartment has made partial payments (in cash) (stating that it is a bad period of time in his life as an excuse) and the payments are made only after repeated inquiries from our end. + +At this point, I just told my family that this is going to be a pattern of behavior that will continue for as long as we allow the family to stay in the apartment. + +I've read online and some sites are suggesting that we come to a mutual agreement with the tenant to forgo the rent and just vacate the property. But we have actually asked him to do this in the past but he repeatedly makes excuses and keeps pushing the date further and further on when he will leave. + +My question is what options do we have in order to make them vacate the property? I am not familiar with Indian property laws. Also, the family has 2 school-aged children so I would like to settle this in a friendly manner. + +Sincere thanks for any help and, if this isn't the sub-reddit, please let me know and I will remove the post. +Seriously we need to concentrate on AMC and GME these others stocks are hedge fund distraction pull your tendies from them and push the Reall stocks We are letting amc get beat down +So I'm looking at this [report on Ecovyst](https://www.businesswire.com/news/home/20210805005383/en/Ecovyst-Reports-Solid-Second-Quarter-2021-Results-Board-Declares-Special-Dividend-of-3.20-per-share) which will pay a special dividend of $3.2 later this month. + +From this report, it looks like they had a net loss last quarter of $7.2M. How can a company which is losing money issue such a large dividend? Shouldn't they use that money to grow, or at least pay off their debts before handing it over to shareholders? +TAL Education Group ADRs (TAL) - plunged in after-hours trading Tuesday after the Chinese education company disclosed a case of apparent sales fraud by an employee. + +The company said in a statement that it “discovered irregularities and violations of the Company's business conduct and internal control policies by an employee in the Company's newly introduced ‘Light Class’ business,” during a routine audit. + +The company “suspects that the employee of question conspired with external vendors to wrongly inflate ‘Light Class’ sales by forging contracts and other documentations,” according to the statement. + +TAL said "Light Class" sales accounted for approximately 3% to 4% of the company's total estimated revenues for the fiscal year ended Feb. 29. + + +https://www.thestreet.com/investing/tal-education-plunges-in-after-hours-on-sales-fraud-disclosure?puc=yahoo&cm_ven=YAHOO&yptr=yahoo + + + + +TL:DR Stop it, get some help. +Hi all, + +I've been thinking for a while about investing in Japan's railways. For those interested, Japan's railway group (JR Group) provides nearly every train service in Japan. The traded groups are JR West, JR central and JR East. + +Aside from providing the services for public transport, JR Group is an innovator in developing the Shinkansen "bullet trains", well known for consistently breaking land-speed records for up to 600 km/h. This technology, although slow in development, may pave the road for future infrastructures around the world. Furthermore, JR not only provides rail services but also owns the land around the rail tracks. This makes for income with regards to services, real estate, hotel, travel and other businesses. + +Right now, all 3 of JR Group's stocks sit around half of their pre-covid values. Before that, they were consistently profitable for every year that came before 2020. They are now posting losses for the first time and it might be a while before they see a return to their normal earnings. + +[https://www.westjr.co.jp/global/en/ir/library/flash-report/pdf/fr202010.pdf](https://www.westjr.co.jp/global/en/ir/library/flash-report/pdf/fr202010.pdf) + +Posted above is JR West's latest financial report. Although pessimistic in certain regards, the report acknowledges their difficulties and I believe the company itself is under sound management. During the pandemic, they seem to have taken the dip in travels as an opportunity for investing into and expanding their rail infrastructure network. + +The bear in me thinks that the images we have of Japan's conductors stuffing people in trains full of people just so the doors are able to close are over for good. This will likely hurt their profits. Then again, I don't think working from home will take off in Japan as much as it has in the rest of the Western world. Furthermore, a vaccine could cause situations to return to normal in no time. Furthermore, Japan as a whole unfortunately is dealing with a rough economic situation and declining populations. + +The bull in me sees a consistently profitable company that makes great strides in infrastructure technology at a discount of 50%. Japanese train services are head and shoulders above anything in the U.S. or U.K. and will return to "normal" operation (>80% of their normal commuters) by around early 2022. They have multiple irons in their fire regarding income diversification and I find it unlikely that they will go bankrupt any time soon as replacing a semi-nationalized train service will in many cases be more expensive than subsidizing your current one. + +I'm very interested in those that have anything to add. Thank you for reading through this post. + +Have a nice day! +Will today be the calm before the storm? Or the storm before the other storm with lightning and then some calm, but also a drizzle, only to be followed by a hurricane of RAD gainz? +### UNITED STATES + +* **Futures** are down sharply, indicating another rough opening bell +* **Heavy-weight truck sales** (an indicator of economic activity) continue to climb +* October saw an unexpected spike in **consumer** **credit** (Expected 15 | Actual 25.4) + * The growth in loans mainly comes from **student** and **auto** loans (non-revolving debts) +* The Senate is set to vote on a resolution to withdraw support for the Saudi-led **war in Yemen -** shout out Bernie Sanders and Mike Lee for sponsoring the resolution + +### OTHER + +* The European Court of Justice ruled that Britain has the right to cancel **Brexit** and remain within the bloc on its current terms of membership + * but still, the British government is moving forward with a parliamentary vote tomorrow on the exit deal  +* **German industrial production** continues to weaken for a third consecutive month +* Meanwhile, **French industrial production** recovered sharply after a big decline +* To ease labor shortages, **Japan’s** parliament voted to allow up to 300,000 immigrants to work in the country +* **Canadian** **unemployment** fell to its lowest level in years  +* Emerging market shares are now outperforming US shares  + +### CHINA + +* China's **imports** fell dramatically (Expected 14.0% | Actual 3.0%) +He goes by u/vbuterin. I spent the last couple of hours going through his post history and holy shit it is a goldmine filled with a lot of interesting stuff. There’s even posts all the way back from the early Bitcoin days. I would’ve never imagined I’d be reading a billionaires hilarious [quality shitposts](https://www.np.reddit.com/r/Bitcoin/comments/1ge9o9/bitcoin_nigerian_prince_scams_no_longer_make_any/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) from over 8 years ago. Reddit is pretty awesome that way. + +I also highly recommend his blog [vitalik.ca](https://vitalik.ca), there’s some pretty cool stuff on there too, even though a lot of it goes over my head (am a smoothbrain). One of the recent articles really spoke to me- “[The Most Important Scarce Resource is Legitimacy](https://vitalik.ca/general/2021/03/23/legitimacy.html)”- something I feel the larger crypto community really needs to hear and understand right now. + +Anyways I saw his profile mentioned on a another post and it really took me by surprise and just wanted to share it as I found it super cool. It’s pretty amazing to see him so engaged with the community. Makes me smile as a ETH fan and hodler. Thanks u/vbuterin for everything you’ve given us and for helping decentralize the world. +ANZ did a major resign (can’t remember when, believe a year or two ago) probably one of the worse apps for a bank I had used, it has now become the best IMO, wondering about others. +As the title says, I don't think I'll live past 45. I have a medical issue that puts my life expectancy between 35-45 years. I have the disorder worse than others, so I'm not being pessimistic, just realistic. + +I don't know much about this stuff, but my understanding is that you can't touch your retirement funds until you're at least 61. I'm currently 18. + +Is there anything I should know/do? + +EDIT: Thanks for all the feedback, suggestions, and moderation; you guys are a great bunch! + +P.S. I intentionally left my medical stuff out of this for anonymity's sake (and mostly so it won't turn up in a google search), but if you want to know, just PM me, and I'd be happy to talk about it. +hey guys! 18f here, moving out of abusive foster parent home. i’ve been applying since January and I finally found a place! The tenants that were supposed to move in ghosted the landlord, so he called me and I have two weeks to come up with the rest of the security deposit. I had all the necessities bought and I put them in a storage container however it was under my foster mothers name and I gave her money each month, because I wasn’t 18 and I couldn’t have it under my name. She didn’t use the money I gave her to keep the storage container, and I found out that all of it is gone and I move in TWO WEEKS!! I’ve been living on facebook marketplace, posting my wishlist to facebook, in and out of thrift stores, going to shelters and food banks. i try to get help on reddit but you have to have comment karma but it can’t be “spam all in one day”. i can rough it out but like i dont even have simple cleaning stuff at this point and my paychecks need to go straight to the security deposit. any advice? +I've read a lot of stuff that this is just another version of trying to time the market, buuuut.. + +Just sold a cottage and sitting on 650k that I want to put into something like VBAL. This would almost double my portfolio and I don't really have a pension worty talking about + +Tangerine will pay 2.5% for 5 months on up to $1M with a promotion they have on now + +I feel I am not missing much upside by waiting until basically a consession speech from Trump or Biden + +The us is so fucking crazy and I don't want to be an alarmist but what if Biden wins and Trump won't leave or some similar shitshow? + +I think a year from now we will be at today's or higher levels but there is a small chance of a disaster in November, no? +So I'm oscillating between signing up with a roboadvisor or just doing the ETF thing on my own. + +If I go on my own, I'm thinking of buying a bunch of shares in only one ETF - XEQT - and putting a fairly large chunk of change in it to start, and add monthly. My risk tolerance is high. I plan to hold this for decades. So I have no intention to buy bond ETFs until much later. + +Is this normal or dumb to buy just one ETF? This one looks perfect - it's an all equity fund with a good all around balance of equities. Is it really that easy, or do I need to do some more research and buy a few separate equity ETFs? Is there a downside to having just one ETF for long term investing? + +It just seems so damn easy - one ETF makes it so simple to add money every month. Only one type of share to buy keep commission costs down. I just wonder if I'm missing something.... + +Edit: thanks for all the responses! It's a little overwhelming contemplating picking from the huge choice the right ETFs in the right balance, so it's good to know just buying one and forgetting about it isn't a dumb play! +i recently made a post last week about gaining 60% last week. but just today i lost 90% of my portfolio. i don’t have a part time job. it’s all i really had. how do i handle and process such an impact? +i don’t want to give up, i love trading and have been learning and doing it for about a year and a half now +I feel like being financially independent and build your own company is clearly linked. Is it common to achieve financial independence without do this ? +Hello everyone, Jan 2021 Ape here. Boy has this been a long journey, and thanks to all the excellent DD that's been posted here I've grown several wrinkles. Out of all the wrinkles, the most important thing I've learned so far has to be DRSing and why removing the shares from the DTCC ensures that I 100% own the shares. The second most important thing I learned was from Ryan Cohen himself when he invested in Gamestop and then Bath company, which are both undervalued and overshorted retailers with extremely low floats. This creates two scenarios based on whether or not Gamestop reaches its ATH again (before skyrocketing to phone number territory, of course) + +Scenario 1: GME hits ATH, all apes are in the green, stock is moon-bound + +This is what I think most likely happens as all the DD in the world hasn't disproved the MOASS theory. DRS will be proven to be influential at a minimum and pivotal at best. The idea spreads en masse to other stocks as new investors get priced out of Gamestop at 4, 5, 6 digits etc. + +Scenario 2: Black Swan happens and GME loses all value proposition (marketplace fails, company moves away from blockchain, shares issued for no reason, executives receive fat cash bonuses) + +This scenario is a shf's wet dream, their "one way out" that I imagine is what keeps them going. Knowing what we know about Ryan Cohen this is all obviously unrealistic, but if you entertain the idea, short hedge funds still can't win. The gameplan is all laid out there for apes to find another float to lock up through DRSing, demanding share dividends, and requesting the company to withdraw the shares from the DTCC if needed. + +This is why hedgies r fuk. + + +Buy hold DRS GME +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Following posts in r/GME and superstonkuk I checked my HL account this morning. All GME shares appear to be gone in both my SIPP pension and ISA with “n/a” and a comment saying can’t be traded online. + +This is super scary. It’s my pension ffs! I “had” about 6,000 shares, most in the pension fund. + +I’m pretty sure that this will resolve but I’m worried. I have a Computershare account and I’ve already DRSd my non-pension shares. Whatever is going on, it shows that they can simply remove your GME without warning. Does not bode well for (edit "my trading during") MOASS. + +On a positive note I am a long term investor so plan on holding for many years anyway because I believe in the business. + +Edit: Have been checking my accounts every 10 mins and the shares are showing again. I was sure they would return but my confidence is shaken to see that this can happen. I’m sure HL are trustworthy but it highlights to me that they are reliant on their intermediaries and perhaps not as infallible as I hoped. Will be calling them for an explanation and will update when I hear their explanation. + +Update: +I called HL to get their explanation. In their words, this is due to the "Grey Market Period" (in the UK called the Auction Period). This is a time outside of usual trading hours when large institutions can trade large blocks of stock that would otherwise cause large fluctuations in price. At this time the pricing is not available and the shares in our accounts "appear" to be removed. They assure me that this is the reason and no other. They also said they were aware of the issue and that it can cause concern and are working on a way of fixing this during the Grey period. They also assured me that they would not ever restrict trading of the stock but could not comment on whether outside forces (intermediary broker or DTC etc) could restrict the trading of the stock in unusual circumstances. + +Link to HL response: https://www.reddit.com/r/Superstonk/comments/z7snm6/response_from_hargreaves_lansdown_about/?utm_source=share&utm_medium=web2x&context=3 + +Although the above explains their reasons for GME disappearing from my pension for 10 minutes or more, it also highlights again the fact that large block trades can be made when we are not allowed to trade and that they do not affect the stock price. Crime in my eyes. + +Additional thought: +I have never seen this happen before. Could it be a large block trade was made today out of hours and if so, who might be buying or selling large volumes of GME a week before earnings? 🤔 +Guten Tag to this global band of Apes! 👋🦍 + +Yesterday certainly proved to be exciting, with the realization that the NSCC is once again attempting to rewrite the rules to create a scenario in which the Institutional Shorts aren't destroyed by their bad investment decisions crashing down around them. Fortunately for Apes, these rules (while dense) are clearly far too much of a rewrite to the basic mechanics of the markets, and I do not see any reasonable chance that these proposals gain approval. That they have resorted to such desperate measures is telling that they agree that the MOASS is inevitable, and they don't have even a glimmer of hope as things stand today. + +Meanwhile, Citadel lost a huge portion of its long position in the Netflix collapse, on top of the losses they experienced on Facebook earlier this year. Their margin collateral is evaporating before our eyes, though they appear to exist within a bubble that no lender dares to disturb with a margin call. Their prime brokers are knee-deep in bad swaps, so they all collectively agree to ignore the situation and let it get worse. + +And it *will* get worse. Apes continue to buy, DRS, and HODL with Diamantenhände. GME awareness is spreading. GameStop is rapidly approaching a shareholder vote that will directly lead to a stock dividend that is going to destroy the shorts, much like Ryan Cohen does when he eats too much fruit. The losses on Netflix and Facebook are going to be nothing compared to the losses they'll sustain when they must furnish 7 actual shares for every one they are short. + +The MOASS is inevitable, my friends. + +Today is Thursday, April 21st, 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: **$147.76 / 136,44 €** *(volume: 280)* +- 🟥 115 minutes in: $147.56 / 136,25 € *(volume: 279)* +- 🟥 110 minutes in: $147.75 / 136,43 € *(volume: 250)* +- 🟥 105 minutes in: $147.86 / 136,53 € *(volume: 231)* +- 🟥 100 minutes in: $147.94 / 136,60 € *(volume: 230)* +- 🟥 95 minutes in: $147.96 / 136,62 € *(volume: 229)* +- 🟥 90 minutes in: $148.00 / 136,66 € *(volume: 213)* +- 🟥 85 minutes in: $148.01 / 136,67 € *(volume: 211)* +- 🟥 80 minutes in: $148.02 / 136,68 € *(volume: 211)* +- 🟥 75 minutes in: $148.07 / 136,72 € *(volume: 211)* +- 🟥 70 minutes in: $148.08 / 136,74 € *(volume: 211)* +- 🟩 65 minutes in: $148.31 / 136,94 € *(volume: 201)* +- 🟩 60 minutes in: $147.99 / 136,64 € *(volume: 201)* +- 🟥 55 minutes in: $147.94 / 136,61 € *(volume: 191)* +- 🟥 50 minutes in: $148.31 / 136,94 € *(volume: 189)* +- 🟥 45 minutes in: $148.35 / 136,99 € *(volume: 164)* +- 🟩 40 minutes in: $148.42 / 137,05 € *(volume: 164)* +- 🟥 35 minutes in: $148.08 / 136,74 € *(volume: 64)* +- 🟩 30 minutes in: $148.50 / 137,12 € *(volume: 63)* +- 🟩 25 minutes in: $148.49 / 137,11 € *(volume: 56)* +- 🟥 20 minutes in: $148.46 / 137,08 € *(volume: 56)* +- 🟩 15 minutes in: $148.61 / 137,22 € *(volume: 56)* +- 🟥 10 minutes in: $148.60 / 137,21 € *(volume: 55)* +- 🟥 5 minutes in: $148.64 / 137,25 € *(volume: 15)* +- 🟥 0 minutes in: $148.71 / 137,31 € *(volume: 5)* +- 🟥 US close price: $148.85 / 137,44 € *($148.22 / 136,86 € 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 1.083. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I am smooth brain ape. but check this link + +&#x200B; + +&#x200B; + +[https://www.macroaxis.com/invest/ratio/BAC-PD/Probability-Of-Bankruptcy](https://www.macroaxis.com/invest/ratio/BAC-PD/Probability-Of-Bankruptcy) + +&#x200B; + +&#x200B; + +is this for real people? if so Merrill is my 401k holder which is BofA and I need to withdraw like tomorrow. or now. anyone else see this? +Mello token has just released a video with CryptoBatman ! + +[https://www.youtube.com/watch?v=FVtkQfSKCJQ](https://www.youtube.com/watch?v=FVtkQfSKCJQ) + +The Mello Token is a redistributive cryptocurrency built on Binance Smart Chain (BSC). The fast and inexpensive transactions of BSC make the Mello Token perfect for integration into our future Virtual Reality Gaming Environment. A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all Holders of the token. Put simply, all holders of Mello earn interest on a constant basis. + +The combination of global isolation due to the COVID-19 pandemic and the booming tech and cryptocurrency industry has provided much of the Mello team’s inspiration. The world embarked upon a journey of self-discovery in 2020-2021 which has brought about many changes in the way people interact with one another. We are moved by humanity’s relentless pursuit of a feeling of connectedness and we have recognized this inspiration as a call to action. + +Check out everything about Mello and its awesome roadmap at [https://mellotoken.com/](https://mellotoken.com/) + +2D Casino launch at the end of Q3 beginning of Q4, followed by a VR casino launch in Unreal Engine. + +Join our Discord. Get to know the community, chat with the Devs and founders and enjoy your 3% redistribution rewards for just holding your precious Mello. + +Next million Mello token burn at 4000 holders! + +Team has already partnered with GAMMASTACK - [https://www.gammastack.com/](https://www.gammastack.com/) + +&#x200B; + +UPCOMING + +Influencer Outreach + +Website dApp launch + +2021: Blockchain Casino launch! + +2022: VR Crypto Casino launch! + +&#x200B; + +Already listed on CMC + +[https://coinmarketcap.com/currencies/mello-token/](https://coinmarketcap.com/currencies/mello-token/) + +Already listed on CoinGecko + +[https://www.coingecko.com/en/coins/mello-token](https://www.coingecko.com/en/coins/mello-token) +Don't know If this is the right place to post. + +A person that I don't like (due to the fact that she only talks to me if she wants money or if it will benefit her in some way) asks me what stock she should invest in. + +The reason she is asking me this question is because my dad told her about some recent trades I made money on so she thinks all of a sudden I'm a stock market guru. + +I tell her the name of a random stock I look up and tell her to invest in it and she could "possibly make a lot of money one day". I did this because I don't care about her and I'm not going to help her. + +I write down the ticker just to see if it actually went down and it actually went down a lot. I was actually happy because I really don't like this person. Next thing I know she is threatening to sue me because she lost almost 10k and that I was lying to her and one of my friends told me about how I just looked up some random stock. +Does she have any grounds to sue or is she bluffing? + +Edit: OMG I never thought I would get so many comments. Also, good news she decided not to sue after she thought about and figured out how stupid she would sound in court! Thanks guys!!!! + +Edit #2: Thank you to the guy who crossposted to r/wallstreetbets +From CNBC: + +Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in a string of major deals in the video game industry. + +The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 a share, a 64% premium to Zynga's closing price Friday. Shares of Zynga skyrocketed 49% in U.S. pre-market trade. + +"This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," Take-Two CEO Strauss Zelnick said in a press release. + +Actual article [here](https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2022/01/10/take-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16418183790957&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2022%2F01%2F10%2Ftake-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html) +What is the max amount of rent you think i could afford?? it’ll be my first time renting and i don’t want anything i wont be able to handle. i’m not sure about a price range… +I know this sub is primarily focused on fundamentals and typically conservative, but there are some big bulls out there. + +Can someone explain to me how $NVDA is not overvalued out the ass as every article I read see screams to buy $NVDA as it is a discount right now. + +&#x200B; + +|Company|Market Cap|TTM Rev $M|Pretax Income $M|PE Ratio| +|:-|:-|:-|:-|:-| +|Facebook|599.317B|117,929|47,284|15.99| +|Nvidia|625.691B|24,274|8,546|77.42| +|AMD|153.786B|16,434|3,669|49.89| + +When I look at these companies, I do not understand how Nvidia could be priced where it is now. The two big areas of growth people seem to have for Nvidia is the self driving space and the metaverse. Self driving is years away from being viable and there are many players. Isn't metaverse the exact thing that has demolished $FB's market cap? How can you be bullish on one and bearish on the other for the exact same thing? + +Earnings are next week and everything seems to scream this is going under. At the same time I am remembering that markets can remain irrational for longer than I can remain solvent. + +I'm interested in hearing why this stock demands such a premium. +I did a big mistake of investing in these small cases, hoping I will get decent returns. Coffee Cans while looks amazing on paper, is a scam. Please don't ever put money and forget. **I thought I can do passive investing by putting them and forget**. However, it seems it doesn't work like that. + +I had also read the book by Mukhreja, Coffee Can Investing. I was totally blown away. It was heavily recommenced in this sub also. The author made an excellent case, showing the numbers and graph. + +now that I have learned something, it suddenly realised to me that why would anyone pay for commission to Ambit Capital yearly to maintain for Coffee Can portfolio? + +my lesson: stock investing is always active. always keep an eye on it and keep checking. don't ever think investing in these methodologies work. + +losses: Magic Formula: 39,727.06, Coffee Can: 28,789 +I'm just a layman freaking out with the News articles . With a -24% growth rate are we going to be in a negative growth for years? + + +I read from TOI that by EOY after Q2 INDIA Would still be in a negative growth better -1 to -8 % if we are lucky. + +Meaning would take India about next year 2021 Q1 just to reach the already historically low growth of Jan 2020. + + + +Can anyone eli5 how bleek our futures are and what everyone here should do instead the f freaking out? +So it appears I sold a few puts near the top of the market and last week and the underlying price quickly dropped to around my strike. I have a United Airlines put at $47 and a Sunrun at $45 for reference. They both expire about a month out. Would you typically wait to roll, take advantage of high volatility and roll now, or do nothing and take assignment. Would love to hear opinions. Thanks. +(And yes I’m comfortable being assigned long term shares in those companies but who doesn’t want to lower their cost basis if possible) +What are some of yalls infrastructure plays? I’m thinking about throwing some money at $CHPT $QS $IDEX $PLTR and a clean energy etf like $ICLN. If y’all have any other ideas or think I’m dumb for these please let me know! Thanks! +I don’t know if I’m doing it right, but I’m up a few percent every day by just reading the worst ideas on WSB and selling them call credit spreads. I am making more doing this in my free time at work than I am making at work. + +And if it’s not an awful idea, a short term put credit spreads. + +Am I doing it right? Is there a better strategy I’m missing? +I was punching the numbers and 1-2% a month is easily doable selling theta. Cumulatively you could potentially grow 100k to millions in under 20 years selling theta. + + +My question is, at what point does it not become a viable strategy and it makes more sense to just dump it all into an ETF? +I've only been actively investing for a short while, and most of my money is still in passive stuff, but the extra tools I now have/understand thanks to thetagang is fantastic. Even the most basic stuff: CSP and CCs are fantastic. + +My BITF stock has been on a tear lately. I was going to take some profit today and sell a few shares, but long term I'm bullish and don't really want to decrease my position at the current price. The $12.50 strike (almost double current price) is at a fantastic premium (IV almost 200%). If the stock price doubles in 37 days, I'll be thrilled to sell. If it goes even higher, well I haven't sold contracts for all my shares, and I would be looking to take profit in a big way anyway. In the meantime, I just collect some theta and maintain my shares. + +Awesome set of extra tools for the toolbox. Sell some WSB ape a lotto ticket and (most likely) maintain my shares. +This is one question that I was thinking about recently. + +Let's say you are investing long term 10+years ahead of projection. Do you only apply Buffet's strategy of buy now and hold forever (or until that 10+year mark that is your goal) ? + +Or if your positions jumped up you sell some portion to lock the gains? Some people rebalance their portfolio once a year by taking the gains and deploying where the losses are. + +What are everybody's strategies and views on it if you plan to invest and still add to positions long term? Also, let's assume the option if it's in tax-sheltered accounts because offsetting some losses may be one strategy that may pop up, so feel free to chime in on both scenarios. +I love dividends and enjoy seeing when I get paid and how much. I have resorted to creating my own spread sheet and using the app Mint- that tells me when I get paid , also how much of that is reinvested. .. but I want more. ... + +I was browsing YouTube and noticed [https://www.dividenddata.com](https://www.dividenddata.com) and [https://www.sharesight.com/ca/dividend-tracker/](https://www.sharesight.com/ca/dividend-tracker/) ..... has anyone used any of those? or are there better ones for Canadian dividends?? any recommendations? +I'd like to see a list of stocks that: + + +* pay dividends with that *tax-preferred* advantage (those that CRA tax 20-30% less than foreign dividends) +* pay dividends each month + + +That's a question I'm getting from more and more family members that are starting retirement. Is there a website that allows to filter for canadian stocks that pay their dividends monthly? Thanks team. +Not only have retail investors been liquidating other assets to jump into GME to participate in the movement, hedge funds are also liquidating their other assets in order to sustain themselves throughout this short squeeze. I fear it is only going to get worse and worse as these hedge funds continue to double down, seek market manipulation maneuvers, get cash injections from others, etc. + +I'm riding the GME train as well because fuck Wall Street but this short squeeze is likely going to burst the bubble that everyone has been fearing for. Please be careful. +Guten Tag to this global band of Apes! 👋🦍 + +As we conclude this week of preparation for the MOASS, I feel that it is important to remember that while this has been a long journey already, the MOASS may be quite a while off. +Recently, the media attempted to spread FUD that Apes were getting fatigued. +Obviously, that is incredibly far from the truth. +Apes are DRSing at an increasing rate, and each quarter we are rewarded with a count of shares held at ComputerShare. +This has increased the pressure on the Institutional Shorts immensely. +Today marks 100 days at 100% utilization. +That means that for 100 days, every GME share available to borrow has been borrowed. +During this time, the cost to borrow has increased, and each day that they continue to borrow the shares, they are paying exorbitant rates just to maintain the position. +This is an unsustainable position for the Shorts. + +However, as long as they are solvent, the Institutional Shorts will do everything they must to survive another day. +Right now, that involves paying the high rates and driving the price downward anytime it approaches the Critical Margin level. +It means suppressing rule changes that would force them to close their short positions. +It means creating more synthetic short positions, juggling FTDs, manipulating options, and any number of other tricks at their disposal. + +Apes, be prepared for this to take far longer than it feels at this moment, but also be prepared for it to happen at any moment. +Maintain your list of reasons that you HODL. +Keep your accounts secure. +Be aware of how you can be impacted by FUD. +Plan how you'll support the MOASS when it happens. + +And Diamantenhände until that day comes. + +Today is Friday, July 1st, 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: **$122.12 / 116,12 €** *(volume: 708)* +- 🟩 115 minutes in: $122.51 / 116,48 € *(volume: 677)* +- 🟥 110 minutes in: $122.45 / 116,43 € *(volume: 663)* +- 🟩 105 minutes in: $122.61 / 116,58 € *(volume: 663)* +- 🟩 100 minutes in: $122.55 / 116,53 € *(volume: 663)* +- 🟩 95 minutes in: $122.54 / 116,51 € *(volume: 640)* +- 🟥 90 minutes in: $122.33 / 116,31 € *(volume: 595)* +- 🟩 85 minutes in: $122.43 / 116,42 € *(volume: 570)* +- 🟩 80 minutes in: $122.26 / 116,25 € *(volume: 516)* +- 🟩 75 minutes in: $122.17 / 116,16 € *(volume: 511)* +- 🟩 70 minutes in: $122.14 / 116,14 € *(volume: 496)* +- 🟥 65 minutes in: $121.92 / 115,93 € *(volume: 491)* +- 🟥 60 minutes in: $122.08 / 116,08 € *(volume: 431)* +- 🟩 55 minutes in: $122.24 / 116,23 € *(volume: 414)* +- 🟥 50 minutes in: $122.21 / 116,20 € *(volume: 413)* +- 🟥 45 minutes in: $122.26 / 116,25 € *(volume: 403)* +- 🟩 40 minutes in: $122.34 / 116,32 € *(volume: 403)* +- 🟥 35 minutes in: $122.26 / 116,25 € *(volume: 403)* +- 🟩 30 minutes in: $122.34 / 116,33 € *(volume: 401)* +- 🟩 25 minutes in: $122.12 / 116,11 € *(volume: 333)* +- 🟥 20 minutes in: $122.02 / 116,02 € *(volume: 275)* +- 🟩 15 minutes in: $122.11 / 116,10 € *(volume: 269)* +- 🟥 10 minutes in: $121.96 / 115,96 € *(volume: 203)* +- 🟥 5 minutes in: $122.10 / 116,09 € *(volume: 200)* +- 🟥 0 minutes in: $122.31 / 116,30 € *(volume: 185)* +- 🟥 US close price: $122.85 / 116,81 € *($122.40 / 116,38 € 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 1.0517. 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! +The game I’m referring to was last of us and the anime being attack on titan. HODL + +Edit: I love how this has turned into everyone stating what they’ve been waiting so many years for. Portal 3, Half life, GTA even hunter x Hunter 😭 +Because i feel i've missed the train with the reddcoin pump, to name one of few. Are there any indicators? Talk on forums, anything of the sort? + +I'm a noob so my only friend so far has been the coinmarketcap charts. In the way of helping you foreseeing anything, i don't think those are very helpful. +Anybody notice how on coinmarketcap the total market for crypto is in the 600 billion range when about 2 days ago it was in the 700s. Is this why a lot of cryptos have crashed or is it because the Korean exchanges were removed? +Hello, + +I made the horrible mistake of taking this insane loan. I understand I should have read the fine print, this is first experience making a decision like this and I now realize how financially illiterate I am. + +It is an installment loan through river-valley loans. It has a maximum of 20 installments but it says there is no penalty for paying off early. I should have the money to pay this off within three days if I’m only paying for three days of interest; however, I can’t find the option to pre-pay anywhere. I believe this to be intentional difficult and any assistance will be greatly appreciated. Does anyone have experience with rivervalleyloans? + +Freaking out here, I can’t live with myself if I know I’m paying an extra $1700 for nothing over the next months. I need to pay this off ASAP and I’m not sure how. + +Edit: Here is the agreement with my information removed: https://imgur.com/a/WP9SlPB + +Edit 2: I’m restating here what I asked another commenter. + +My situation is: I got the loan and immediately received funds Sunday. I will not have the Money I need until Wednesday. Since I received the money Sunday and it’s stated I have two days to cancel the loan, would this Wednesday at 5pm since Monday is a bank holiday (Labor day?) again, any assistance will be hugely appreciated. + +Last resort, I could sell some personal belongings and have the funds available Tuesday, but this is not guaranteed. However, if cancelling is the only way I can avoid the full interest charges, I will have to make this work. +I had 1.5 ETH on blockchain.com. Yesterday an unknown transaction was made without my acknowledgement. I have 2FA, email, phone, everything to secure my wallet. Checked reviews for blockchain.com, turns out to be a complete scam platform. Never use it. If you have funds there withdraw immediately. + +Don’t know what to do now, that’s the end for me. + +I ordered Ledger Nano X a few days ago, but its useless for me now. Fuck me +Going from 300 to 400 the first time took about three days, and the decline about three weeks. Anyone else feel like 400 will be here again this month or am I the only one? +With ETH on this amazing run, we’re seeing posts left and right about people’s gains, and I’m in utter disbelief how many are screenshots of Robinhood. I knew it was still relatively popular, but damn. I can’t imagine “buying” crypto and not being able to stake it, move it to my own wallet, borrow against it, earn yield on it, etc. +With ETH on this amazing run, we’re seeing posts left and right about people’s gains, and I’m in utter disbelief how many are screenshots of Robinhood. I knew it was still relatively popular, but damn. I can’t imagine “buying” crypto and not being able to stake it, move it to my own wallet, borrow against it, earn yield on it, etc. +#Introduction: + +Outperforming the market is relatively easy: + +Just buy a random cheap shitcoin, see it grow +500 % and you have outperformed the market within two weeks. Congrats! + +This may work for traders but for the long-term investors among us (including myself), this isn't an option. + +We want a selection of multiple coins with strong fundamentals that we can **safely tuck away for months, sometimes years even.** + +In this regard, + +I wrote my yearly "[Investment advice from /u/Nooku (end of 2017 edition)](https://www.reddit.com/r/ethtrader/comments/7gig38/investment_advice_from_unooku_end_of_2017_edition/)" of which I'll now do a first mid-term review on how we've been doing. + +Let's get right into it. + +#Mid-term Results + +The picks were selected on the 30th of November 2017. + +Global coin market cap was at $304 billion. Right now, it's $702 billion. That is **+131 %**. + +Ideally, we want our portfolio to perform better than +131 % making us outperforming the market with solid long term investments. + +#How did we do? + +**BAT ($0.15)** ==> $0.76 : **+407 %** + +**GNT ($0.26)** ==> $0.89 : **+242 %** + +**DATA ($0.11)** ==> $0.27 : **+145 %** + +**ETH ($445.85)** ==> $1235.86 : **+177 %** + +**RLC ($0.50)** ==> $4.93 : **+886 %** + + +**OMG ($8.16)** ==> $22.14 : **+171 %** + +**ANT ($1.80)** ==> $6.18 : **+243 %** + +#Total + +Our portfolio of coins went up by an average of **+325 %** + +#Conclusion + + + +I can happily conclude that **every single pick** has outperformed the market, + +and our **total average performance currently clocks** at **+325 %** which means we've **outperformed** the current bull market with a factor of **2.50** + +To everyone who upvoted my initial topic and took the advice seriously, thank you for your trust and congrats on your performance. + +#Future + +As I indicated in the introduction, + +we aren't trading and this is a long-term investment portfolio, so there is no need to take any profits off the table after only 1.5 months in. Of course, profit taking never hurts if you would feel inclined to. + +If you are interested in rebelancing your portfolio, I would suggest to top up some more on DATA (StreamR) since it's the youngest project of them all (hence the "worst" performer), while I consider it to be an important fundamental corner stone of the Ethereum network, bringing realtime data streaming to the Ethereum protocol. Something we will definetely need! + + +**Solomon Yue (Republicans Overseas) has been fighting hard to introduce a bill to switch citizenship based taxation to a territorial based system. This will end double-taxation and yearly reporting for US citizens living abroad.** + +**Today 12/20/2018 Rep George Holding (R-NC) introduced the TTFI bill and will be voted on in 2019. Here's an email I received from Republicans Overseas:** + +video: https://www.youtube.com/watch?v=jherId4VGNY + +Today, Congressman George Holding (NC-R) introduced the Tax Fairness for Americans Abroad Act -H.R. 7358: legislation that would end citizenship-based taxation and implement Territorial Taxation for overseas Americans. + +Republicans Overseas has worked closely with Congressman Holding’s legislative team to shape this bill and to ensure that the concerns of overseas Americans were addressed. We thank Congressman Holding for genuinely listening to overseas American citizens and for tackling the longstanding problem of citizenship-based taxation. + +The TFFAAA will not only end the double taxation of overseas Americans, it will also make Americans more competitive in the international job market and free to pursue opportunities around the world. + +The TFFAAA will amend the Internal Revenue Code by offering overseas Americans a status similar to that enjoyed by corporations where foreign-sourced income is taxed in the country where it is earned. + +The bill can be summarized as follows: + +Overseas American citizens can elect to become a qualified nonresident citizen under this bill or elect to remain taxed under the existing CBT. +Under this bill, a nonresident citizen is defined as an individual that: + Is a citizen of the United States, + Has a tax home in a foreign country, + Is in full compliance with U.S. income tax laws for the previous 3 years, and + Either: +a) Establishes that he has been a bona fide resident of a foreign country or countries for an uninterrupted period which includes an entire taxable year, or +b) Is present in a foreign country or countries during at least 330 full days during such taxable year. +Citizens moving overseas in a ‘split year’ can still make use of the Foreign Earned Income Exemption (‘FEIE’) to cover income earned abroad during the split tax year. +Once a citizen has elected nonresident citizen status, the US government will no longer tax that citizen’s foreign earned income or foreign unearned income. +All income earned by a nonresident citizen within the United States will continue to be taxed under existing laws. +While individuals will not be taxed on gain from the sale of foreign personal property attributable to their time as a qualified nonresident citizen, they will still be taxed on any gain attributable to their time as a resident of the U.S. In other words, if an individual holds a foreign asset prior to their election of qualified nonresident citizen status and then sells said asset while they are a qualified nonresident citizen, the individual will only owe U.S. tax on the portion of gain attributable to the period prior to their change in status. +You can read the full text of the bill [here](http://republicansoverseas.com/wp-content/uploads/Tax-Fairness-for-Americans-Abroad-Act_H.R.-7358.pdf) and a one-page description of the bill [here](http://republicansoverseas.com/wp-content/uploads/Tax-Fairness-For-Americans-Abroad-Act_Description-122018.pdf). + +Republicans Overseas is working with Congressman Holding’s legislative staff and Grover Norquist (President of Americans For Tax Reform) to develop a plan for getting the bill passed in Congress in 2019. We expect that the bill will be attached to a bigger piece of legislation for a vote in the 116th Congress in 2019. I like to call it Holding's ‘FATCA strategy’ (FATCA was attached to the HIRE Act in 2010). + +If you would like to do so, we urge you to thank Congressman Holding via Twitter (@RepHolding) for his courageous work in tackling the leviathan of citizenship-based taxation. + +In 2019, Republicans Overseas will focus on getting the Tax Fairness for Americans Abroad Act passed. + +We thank you for your support over the past year as we’ve worked to get this legislation drafted, and we will need your help to rally support for this bill in the next Congressional session. + +Republicans Overseas wishes you a very Merry Christmas and a Happy New Year! + +Sincerely, +Solomon + +Solomon Yue +CEO Republicans Overseas +At the moment, for my savings plan I have 3 cash buckets along with my ETFs and pensions. +1. Emergency fund - 5 months net salary in my account +2. Material Savings - 5K in my current account in case i have some expense in the future (new laptop, vacation etc.) +3. Wedding fund - Now around 7K that i'm maintaining with my fiancé. +My process is that money left after allocating to all the expenses/investments would go into the wedding fund (until it reaches the goal). This is usually around 600€. If I spend any money from the material savings bucket, then i make sure that it gets to 5K again before putting money into the wedding fund. + +After the wedding, of course the wedding fund bucket would not be required. Would you suggest splitting the cash that would be left among my ETF investments or should i continue saving a bit of it as cash itself? I live in Germany if that's helpful. +Hi guys! I want to start investing in the stock market for the long term with etfs and dividend stocks. What are the best brokers that you know of for European countries? (I’m interested more in the US market so I am looking for some brokers with low trading fees and account fees) + +P.S. I’m from Portugal, if that matter at all +Hi, I am a 27yo guy resident in France investing 200 euros per month on Trading 212 in a proportion of: + +\- 90% Vanguard ETF all world VWCE + +\-10% Vanguard FTSE emerging markets VFEM + +&#x200B; + +I plan on cashing out in around 20 years., but at one point I might change broker. Not yet, cause I might move from france in a couple of years. + +&#x200B; + +Do you think it's a sensible strategy to keep on investing in these two ETF? +Hi all. I'm an EU citizen who's moving to Munich next year. + +I own an apartment in the Netherlands (50% paid off) so I'm considering what would be the best course of action in regards to my mortgage. + +I think selling and using the leftover money (~180k) to buy a house in Munich is not a good idea, for a few reasons: + +- I cannot afford anything desirable in Munich with my base salary. +- Property prices in my city (in the Randstad) have been growing steadily in the past years. In Munich the prices are stagnant. I expect this trend to continue. +- Buying property in Germany is expensive: fees add up to over 10% of purchase price. On a 1MM+ house this is quite a lot of money. +- No tax incentives for owning property in Germany. Please correct me if I'm wrong. +- I don't think I'll stay in Munich for more than 10 years. + +I also don't think that selling and investing the 180k would be preferable to renting out the property (at around 1500/mo). Rental income would be tax free (the house itself, minus the mortgage debt, would be taxed in Box 3), and I expect the property prices to keep increasing. I have some concerns though: + +- Managing a rental from abroad might be hard/expensive if I have to hire a company for this. Any idea what this would cost? +- My mortgage contract doesn't allow renting out. I would have to either pay it off fully or switch to a buy-to-let mortgage. Both options incur an early termination penalty (around 4k). + +Paying it off means selling all my current investments (ETFs via ABN AMRO) and putting all my eggs in a single basket temporarily. This also means I would pay Box 3 tax on the full value of the house (est. about 4k per year). + +I haven't researched yet the costs of a buy-to-let mortgage, but I feel like this could come out cheaper than paying it off. The calculation here is fairly complex. On one hand the Dutch Box 3 tax would be lower or even zero (because of the debt), on the other hand I would be paying for the mortgage interest and also capital gains tax in Germany on my investments. Furthermore inflation seems to be picking up, it could be healthy to have some debt. Edit: I forgot to calculate in the investment yields. They should be much higher than the mortgage interest rate, making this a fairly easy choice. + +If I keep my current investments, should I transfer them to a German bank or keep them in the Netherlands? Germany will tax investment gains, and it could be a hassle to get this information from a bank in the Netherlands, which taxes total wealth. Edit: Note that this question is about the ease of filing tax returns in Germany, not about where the investments are taxed. + +Let me know if I'm wrong or if I missed something, or what you'd do in this case. Thanks. +Hi, + +How can I decide between an accumulating or distributing ETF? I guess the difference is tax-wise, but what should I take into account? dividend tax vs. capital gains tax? + +If anyone knows the specific case for Portgual, I'd appreciate some insight, otherwise please let me know what to look for in my country's tax laws. + +Thanks! +I want to buy an ETF that replicates the sp500 stocks. I want it to be in EUR. + +Looks like the best bet is iShares Core S&P 500 UCITS ETF (can somebody confirm this is a good option?) + +&#x200B; + +On the ishares website it says that I have 3 options to buy this ETF in EUR: + + Borsa Italiana , Deutsche Boerse Xetra and Euronext Amsterdam. + +&#x200B; + +1) What is the difference between these? + +2) Which one should I go for? I don't live in any of these countries. + +3) Is there a way to check which one is more popular? +Dear subreddit, + +I am looking to extend my portfolio (100% equity ETFs) with bonds. Here what I know so far: + +* a [justETF search](https://www.justetf.com/en/find-etf.html?assetClass=class-bonds&groupField=none&distributionPolicy=distributionPolicy-accumulating&fsg=more500&sortField=fundSize&sortOrder=desc&bondRating=InvestmentGrade&tab=overview) with investment-grade accumulating ETFs, sorted by fund size (descending) +* I invest from Italy and plan to keep it simple: [110 rule](https://themakingofamillionaire.com/what-is-the-rule-of-110-fe2e333dc3a1) with just stocks and bonds ETFs +* I'm also maxing my pension fund and I would (approximately) mirror the 110 rule there too +* based on my limited knowledge I'm inclined to stick with government bonds, ideally Euro-denominated to eliminate currency risk +* and then some unanswered questions: what type of replication? EUR hedged? short or longer bonds? individual bonds instead of ETF? + +I would appreciate a critical review of the above, as well as any recommendation to pick the right index. Thanks in advance 🙇 +I see a lot of comparisons on how VWCE is similar to IWDA + EMIM, but I like to confirm information for myself. I know IShares has list of all the holdings on their website for their ETFs, but I can't seem to find the same information for Vanguard. + +Does anyone know where I can check a list of all the holdings of VWCE? +After accepting new opportunities, my SO and I will be moving to Germany in January. We will be renting property for at least a year since we do not know precisely where and for how long we will be staying. Buying anything for this interim period seems inconvenient. We will sell our current apartment in Copenhagen with a profit of about €80k, which should be used as a downpayment for a new property when we know where to settle for a more extended period. We do not need any of this money for savings. + +So the question is, and I am sorry if this seems silly: In Denmark, we have negative interests for keeping this amount of money in a bank account. I don't know if it is the same in Germany; I would think so, though. However, say we first need this money in 1-3 years, then it seems to me that they are better in use being invested. But, in which assets? + +Also, since the tax rates in Germany are much lower than in Denmark, I would transfer this money to our German bank and invest via this. Can anyone recommend a good investment platform/bank in Germany? +Currently we see a lot of money printing and high costs for basic economic goods and services e.g. oil, wood, shipping costs etc. + +Are these symptoms temporary or do you think the whole economy has a structural problem, which may lead to a lasting inflation and a stock market crash ? + +Do you think inflation fear is inflated 😉? +This post is not to be a brag at all, but I did want to share how my wife and I have been able to go from $0 net worth at age 22 to an approximate $650k net worth at age 30 while having three kids and 1 income most of the time. + +Some background on me. I was raised in a lower middle class household in a LCOL area. I went to public school and was able to get most of my college funded via scholarships. My wife and I got married and graduated from college with about $20k in loans. I was fortunate in that I lived with my parents for 8 months or so and was able to save up a down payment for our first home and pay off our school loans. This was in 2013/2014, and we were able to buy a 3/2 home in a LCOL area for $189k. The same has today would be worth $350k - $400k, so I understand that part of the story isn't really replicable. + +My wife worked in education and her starting salary was $33k in 2013. I worked in supply chain and my starting salary was $45k. We had our first child in 2016 and have had two additional children. We are done having kids, but it was always our goal to have kids early (we were both 24) and design a lifestyle where my wife could be a SAHM. + +**Education** + +* Wife - bachelor's in educaiton +* Me - bachelor's in accounting and an online MBA from an online "university". I was able to get this for free via a program with my company, but would not have paid even $10,000 for what I "learned." + +Our income history is below. You will notice our income goes down in 2016 due to her dropping out of the workforce. The large growth in income since 2018 comes from 2 promotions, one in 2019 and one in 2022. + +* 2013: $78k +* 2014: $85k +* 2015: $95k +* 2016: $80k - this is when my wife started staying home +* 2017: $86k +* 2018: $90k +* 2019: $115k +* 2020: $125k +* 2021: $135k +* 2022: $155k + +**Our current investments:** + +* 401k: **$150k** +* Post Tax Brokerage: **$175k** +* Roth: **$50k** +* Fundrise: **$25k** +* Cash: **$50k** +* Total Investments/Cash: **$450k** +* Home Equity: $200k - this seems to go up every month by $10k or so. I do not count this in my FI number, but do count it in my net worth number. +* I did have a rental property at one time, but recently sold the property. Although the returns are great, I personally did not like the hassle of dealing with tenants in the area I owned the rental home. +* Most of my investments are in an S&P 500 based index fund. I do have some in alternative investments (less than 10% of total). + +**Expenses** + +We currently spend about $60k a year, which does include preschool for some of my children. My mortgage (not including PT and I) is less than $1,7300 a month on a 15 year mortgage at 2.375%. I refinanced last year. I currently owe $245k (including a HELOC at 5.5% interest) and plan to pay the loan off early, although about $1,000 of the payment each month goes to principal. I know this is not the mathematically optimal strategy, but I am personally debt averse. I sold my first house in 2015 and bought my current home to upgrade to a larger home with an additional bedroom. One of my only financial regrets is not keeping my original home as a rental. I think I would have an easier time finding quality tenants where I live than where my other rental properties were located. I would guesstimate my home is worth about $450k, but could probably get a little more. We have no intention to move at this time. + +Although we could spend less, I personally feel like our budget is fairly tight with three young kids. I own both of my vehicles with no loans. My vehicle is a 2008 toyota and my wife drives a 2016 honda. Total value of vehicles is probably about $35k in a "normal" car market. + +**Career** + +I have stayed at the same company my entire career. I work at a Fortune 200 company in a MCOL area with decent benefits and decent pay. I work from home 90% of the time, I have minimal stress and I enjoy my job. As of right now, I will be able to continue working from home in the future. I do have direct reports, but I have been able to build my team and have 0 drama each day. I would guess that I probably "work" about 3-4 hours a day, although I do stay online for 8 hours or so. I am on a solid career trajectory and will probably be making $250k - $300k over the next 5-6 if I keep working. + +**FI Plan** + +Based on our current investments and savings rate, we will have about $1.1M - $1.2M in investments in the next 5-6 years depending on how soon I get my next promotion and market returns. I will be 36 or so and my wife is the same age. We plan to pay off our house at that point and will have about $1M in investments. We will also be done paying for any preschool, and our projected annual spending is a little under $40,000. The $20,000 difference includes projected inflation, and is driven by no mortgage/HELOC and no preschool. I actually think we could spend closer to $30k with no mortgage if we had to. + +I do plan to work in the future, but definitely not in the corporate world. I am not sure what this looks like yet, I would love to be some sort of life coach (I know that is frowned upon by some). I enjoy teaching/coaching others, but would want to set my own hours. My ideal life would be working 15-20 hours a week and making at least $40,000 a year to cover my annual expenses while my investments grow. I personally do not do well without some productive work each week, although I totally understand some people are not wired that way. + +I know this is not the most interesting story in the world, but I do think most of it is replicable for people with a college education. If you are 22, the biggest difference would be housing costs, I am thankful I'm not trying to buy a house right now. Happy to answer any questions if you have any. +I'm the sole bread winner, because child care is expensive (my SO stays home with the kids) . My family is amazing, my wife is amazing, but we are struggling to save. I pay about $1k a month in CC bills, enough that I should be clear of debt in three years or less. + +But I'm still renting, and want to own a home someday but have nothing for a down payment. + +Is it even possible to save for a home and make up for 20 years of missed savings? + + +Edit: Some great advice here, some stuff we've thought of and a lot we have not. Here are some other details: + +Live in LA, CA + +Rent is 3k + +Monthly expenses about 7k + +Make 130k but note I'm missing out on significant money because I'm not hitting my pay plan (SaaS startup and I'm in sales) + +I pay $800/mo for health insurance for the family + +Company has 401k but no match (common in startups) + +I have equity, which is my ace in the hole, but it's worth nothing until we exit + +Most likely we exit next year, and looks like not for what we want, so my gamble here to make up my savings losses won't pay off like I hoped + +Wife has $65k student loan + +Kids are 5 and 3 and the oldest can go to school in September + + + +Edit 2: About $40k in CC debt between the two of us + +$8k in a 529 that we haven't been able to add to for 3 years + +Wife's degree is in History + +Expenses are actually $7.5k, rent is 3k and the rest is managing debt, car payments, gas, insurance, food, cell phones, nothing crazy + +Even T-Mobile pays my Netflix + + + +Edit 3: Formatting to stop hurting everyone's eyes. + +Edit 4: Clarity on childcare. It's my wife. +Hi guys, I recently started studying evolutionary optimisation algorithms as a part of my intelligent system design course. I find it really interesting and am interested in learning more about optimisation in general with a focus on trading. any recommendations would be greatly appreciated +Hi all, + +As the title says I'm a physics student wanting to learn about algotrading. I've got a basic economic understanding from a course I've taken this year titled "Introduction to financial maths" but I'm wanting to go beyond the course in my free time. The course covers stuff such as put-call parity and Black-Scholes equation. Any advice on where to go from here would be greatly appreciated +ASKO seemed to be an interesting investment imo. Now after the launch, the thing went down to hell, new website is trash and the price can't get higher because people are selling all they have as soon as it hits .15$. Any ideas on what happened ? Any of you confident in holding ? +Hi all, + +I am posting to see what peoples thoughts were on my approach. + +I recently took out a 25000 personal loan at 2.8% for 5 years and no longer need it. + +And thinking that I have a few options with it now. + +First would be repay and pay any interest built i think upto 2 months worth. + +Second, and I am currently leaning towards it. Is I have 51000 student loan and thinking of paying this loan to the slc so my loan is reduced to 26k. After which i will just overpay my student loanevery month by 1-2k a month and pay off this loan altogether. + +My scenario: +Currently on 120000 per year of which take home is 5200 a month (after tax ni and sl) +Student loan payments are 700 per month without any overpayment. +I generally invest whatever is left over, most months this is in the range of 2.5-3k a month. My wife also was getting income so this was possible together for next three months she is off unpaid (temporary child care)but will be back to work after that. As of now my sl interest is 4.5% and surely going to raise to something more than that although i dont think it will hit 12% its not going to go any lower. + +My theory is at the current salary with no increase i will pay it off in 7/8 years anyway and pay around 12k interest. Even if i dropped my salary to 70-80k i would pay it off before the 30 years is up and pay alot more interest. We can right now afford the loan (446 a month) and overpay the student loan. We will obviously have to reduce our investments a bit for overpaying but once this is paid off the extra 700 would go into investing. Even if we dont overpay the student loan taking off the 25k will mean we pay it off in 4 years and the interest on the remaining 26k is 1.5k and another 1.5k on the personal loan. + +I also have 20k in cash as an emergency fund which will tide our current lifestyle for 6 months and/or reducing our lifestyle will push it to 9 months. Wife has a fairly stable job at the nhs but not a high rate payer. We also have around 45k in s and s right now. + +What are peoples thoughts? +For those of us expecting a large windfall (say $10M) in the next couple of years, what would be the implications. + +For example, I'm expecting \~$10M in an IPO in the second half of this year. + +Does it mean that I can withdraw up to $1M a year from the stock and still keep capital gains at 20%? I understand that stacked income comes into play, so if my salary is $300k, then I can actually only withdraw $700k a year to stay under 20%. + + +But this has implications for diversifying my portfolio. For those of us expecting an IPO windfall, it now seems like now have to pay a 20% penalty if we want to diversify to something like VTI. Or we just keep everything in that one IPO company and risk being very narrowly invested (basically all in one stock :-/ +Important note: I do not read replies but I will return to this thread. No DM's will be read. Any comments must be posted in the open for all to see or they will not be viewed. + +&#x200B; + +Good morning everyone. Please note, this post is very much a working theory. A key assumption: + +&#x200B; + +1. The number of synthetics is not limitless but is instead a function of the total number of shares under DTCC control. + +I know a lot of you won't like to read that. But I have a good reason for believing this and it's based on what the SHF's DIDN'T do. + +&#x200B; + +The single greatest threat to the shorts is Gamestop becoming successful. No amount of FUD in the world can overcome them reporting great results. If the shorts could create limitless synthetic shares they would have done so when Gamestop was offering stock, crushing the price and limiting the amount of money Gamestop could raise with their share offerings. This didn't happen and Gamestop completed their share offerings at quite high levels, generating 1.8 billion in cash. + +&#x200B; + +What happens when you register shares with Computershare? Those shares are registered in your name and the DTCC has to find and deliver real shares back to Computershare. Bad for hedges, right? But this also reduces the total pool of shares under the DTCC's control. If my theory is right, that also breaks the share hiding scheme, forcing some of those positions to be closed as well. + +&#x200B; + +It would certainly explain the hard forum sliding when Computershare comes up. Unfortunately, I can't think of a way to test/verify this suspicion. Hopefully someone smarter can find something or debunk this. + +&#x200B; + +Not financial advice. +[https://i.imgur.com/6BGahUN.jpg](https://i.imgur.com/6BGahUN.jpg) + +Been supporting the WSB fight against the Hedge Funds since I found out about it around a week ago. Then I found this information a few hours ago, and it has me worried for the people indefinitely holding, with the expectation of a squeeze coming soon. I'm new to the stock market but have learned a bit in the last week. Am I reading this wrong, or have the percentage of shorted shares dropped to 49.21%? + +If the squeeze already happened last ~~friday~~ thursday, how is lying about it or hiding this information to keep people buying/holding GME stock, to increase personal profits, ANY different then the bullshit that Hedge Funds do? That is active manipulation and deception for personal gain, not an altruistic attempt to 'take down Goliath', which is why many people (myself included) supported/support the GME/AMC fight. + +&#x200B; + +Even ASKING for people to explain this information to me has resulted in mass downvotes, ZERO direct responses explaining why I am wrong, and a post I made about it on WSB, was deleted within 30 seconds by mods. No explanation was provided for the quick deletion, and after asking why it was deleted, I was ignored. (edit - AND Shadowbanned, as I recently just noticed.) + +Is this a "David vs. Goliath" type of fight, or essentially a Ponzi scheme for people who invested early and/or with large funds? + +&#x200B; + +Am I crazy/wrong, or is ignorance and greed now fueling this 'movement'? ***ANY*** explanation is greatly appreciated. + +edit- Shoutout to the mods here for reinstating this post after it was initially removed. The mods over at WSB shadowbanned me after I asked the same question. + +edit 2- Said Friday, meant Thursday. +In The Millionaire Next Door, I remember Thomas Stanley reporting that the millionaires in his studies preferred to shop at J.C. Penny for the value they were getting. I don't know that the "Penneys" of today is the same as that of 30 years ago. + +I ask because I struggle with what to spend on clothing. I \*like\* the styles and quality of items I see in REI, Orvis, Filson, local outfitters, etc, but can't bring myself to pay those prices. On the other hand, I buy cheap items and then end up having to replace them more frequently (I assume) because they're stretching out, pilling, fading, etc. + +Surely there's a middle ground, where you're paying a fair price for a decent quality that looks good, fits well, and lasts several years. + +(For context, I don't dress in business wear; business casual for work, then casual & "outdoorsy"/"athleisure" outside of work. But feel free to discuss your business wear for others!) +So, late last year I was wondering how, in spite of her making more money than I do, she is constantly broke. Asked her about it and she came clean that she is drowning in credit card debt. Like, to the tune of £10k, with interest of all her cards combined totaling over £200 a month. On top of that the cards are always swimming around their limit and she regularly doesn't have enough to pay them all, so she gets a late charge or over-limit charge here or there. Which is a crazy amount of money to just lose to interest and charges. + +To help her out, so that the interest is less killer and she can use that money to pay down some of her other cards, I paid off one of her larger balance cards using a money transfer from one of my cards of around £3400 which has an interest rate a tenth of what she's paying, and asked her to pay me back in instalments of £150 a month (which she's missed here and there to free up money to pay off the other cards she has). That card now already has £1400 on it in just 6 months, and she's no closer to even paying down any of her other cards. + +She's literally never lived on her own, and the house we live in is fully paid off so no mortgage or rent. She spends an obscene amount of money on alcohol which I'm trying to address at the moment, and doesn't have the mindset of "can I afford to buy this?", rather "I must have this". She's never had to budget before, which I've asked to get down on paper where her outgoings are going. She's on top of her bills, but other than that, day to day expenses just go on the credit card which I feel she doesn't even see as real money. + +What's the best way to dig out of this hole? Because I'm dead set against the idea of chucking her £3k again... + +Thanks +I came from a very tough background. So, not only have I made myself worth a few million but I have a pretty lucky and uncommon rags to riches story so far, and the future is bright as I’m a few decades from retirement age. + + + +I say that just to say that… imagine how happy it makes the average person to feel success career/financially on this level. Then start from a very rough unlikely beginning, I’m even happier than the average person would be with a good financial life. I feel like I’ve lived some pretty extreme downs (the beginning) and some extreme ups (the last 10 years of my life). I pinch myself a lot. + + + +On top of that, I feel very happy with my family situation, and even happier with my social circle situation. I love my friends and I’m lucky enough to see them a good amount. I’m the host when it comes to friend gatherings, that makes me happy. I have nice stuff, I can afford to give nice stuff to others, I’m happy with my hobbies, I count my lucky stars every day knowing what I came from. + + +I just don’t exactly know what to do in life. I think my happiness has been maxed for years. The only thing I really truly want is more life. I wish this lifetime would last about a thousand years. + + +Has anybody here been in my shoes and when did that change? Did it ever change? Why? +I am building a trading and backtesting bot on python (will share it here for you guys to test as well) and for that I am looking for intraday crypto data. Please let me know if you guys know any good source. Tried a few things like coingecko and binance but it does not give OHLC just average price which is not sufficient. + +&#x200B; + +If you guys know any free source or a paid source then let me know in the comments. +I just wanted to write a post and thank you all for your contribution to this community. + +As I recently began a new journey to the real world after graduation I have been following this community and continuously read posts. + +After grad I was unsure about everything. There is no course syllabus or outlines in the real world. I had to plan myself ahead. I have to be responsible for everything that I chose. There was no such exam which you just have to write correct answers; In real world, getting the correct answers is not enough. There is a lot of variables and side effects that you have to take into account. + +I have failed many things. Failed many job interviews. Failed investments; put all my money into GIC (approx. 2% interests annually) and I had no idea what I was doing. I kept on learning, reading a lot of posts here and told myself that after keep learning someday I will most certainly be right. + +I am still learning. My goal is not to become a millionaire; rather I want to learn a lot myself how things work thus I can contribute to this community as well and furthermore I can give some advice or have wonderful discussion with people around me. + +The value this community brings is enormous and extremely valuable to the new beginners like me. Once again thank you all very much. + +&#x200B; + +Please feel free to let me know if this post is very subjective and not appropriate here. I will remove it. Thanks everyone. +I know this might sound dumb but is there a way to buy ETH without KYC? I’m new to crypto so I am still not that knowledgeable and I am here to research and learn before completely getting into it. I was looking into platforms that will not require me to provide my info because I feel anxious about putting out stuff about me out there. + +I’m hoping to finally achieve my goal of becoming financially independent and stable by investing in crypto. I plan to buy and hold on to it for dear life but if I find myself getting into trading as well then I might try dipping my toes into it too. If you guys have thoughts or advice I will be very grateful. :) +EIP1559 was projected to cut issuance by 30%. According to [Watch The Burn](https://watchtheburn.com) it has reduced issuance by roughly 70%. What do you think will happen when the merge happens, when issuance is **PROJECTED** to be cut by another 90%? + +Despite the recent bear market, DeFi TVL is still on an [astronomical rise](https://www.defipulse.com) according to DeFi Pulse. What do you think will happen after a couple months of PoS being live and people/institutions realize it can be a safe investment vehicle when used correctly? + +My issues with the NFT market aside, it’s no doubt [the NFT market is booming](https://www.theblockcrypto.com/data/nft-non-fungible-tokens/nft-overview) and will continue to considering its use cases are many. What do you think will happen when protocols start making real use of NFTs? + +It’s easy to see red in your portfolio and see scary headlines and think the sky is falling. Take a minute to step back and look at the infrastructure being built on top of a blockchain that is most certainly going deflationary after the merge. Now is not the time to be scared. Be greedy when others are fearful. + +*ETH is money.* +For those of you who don’t know what covered-call option ETFs are, they are normal ETFs that track an index but the fund managers write call options on the underlying holdings. They then use the premium they’re paid for writing these and pay it back out to the holders of the ETF. This results in massive, but completely legit and consistent dividend payouts. The two most popular covered-call ETFs are QYLD and JEPI respectively paying 11.5% and 7.5% APY. + +Now it’s not all perfect, since they’re writing call options they need to sell the holdings every time they end up in the money. So the price of these ETFs while they track an index, do not actually grow in value. QYLD was about $24 seven years ago and is now about $22 today. They also charge higher expense ratios about .35-.65%. + +They also pay out monthly and the values fluctuate quite significantly. One month you can get a .5% APY and the next month get 1.5%. + +But the tax situation is really nice as well. The payouts are often considered “return of capital” meaning your cost basis will get reduced by the dividend payout, and you don’t actually have to pay taxes on them until you sell or once your cost basis hits 0 then you’ll need to pay ordinary income on it. The solution: never sell. The benefit here is you can hold these in your brokerage account since they’re *kinda* tax advantaged already. + +So the reason these changed the game for me is because I was always focusing on retiring off a modest 3% you’d get from a traditional high dividend ETF. And obviously you can’t go all in on these, it would still be good to have some cash to balance out the payout volatility and some growth assets to balance out the decreasing value of these over time. Maybe even reinvest some to keep the payouts increasing with inflation. But ultimately these ETFs have allowed me to cut my FIRE number by 66%. I now would only need a third of my original FIRE number to actually FIRE. Which for me means I’ve gone from retirement being 10-15 years away to only a couple of years away. + +I just really don’t understand why they’re not talked about more in FIRE communities. They’re already incredibly popular in dividend/income focused financial areas. +I have not seen this posted, came across this tonight. First time I have seen this blog, going to read through some of his other posts, as this one is very interesting. + +https://minafi.com/interactive-guide-early-retirement-financial-independence/ + +From the blog: This article is an experiment — a cross between a choose your own adventure book and a calculator while also being a guide to help you understand the numbers behind early retirement and financial independence. +Really not sure if this is the right sub, but I am close to my wit's end. + +I am a doctor who owns a cleaning company on the side. + +It started up as a side hustle in medical school, and now brings in ~20k/pa on top of my £40k/pa wage. + +I like the extra income, however the side gig has morphed into a bit of a beast. + +Running a service based business means I am ultimately responsible for managing staff (particularly difficult at the moment), dealing with prickly customers who don't like the smell of the dish soap or that X cleaner didn't smile at them enough, or upset because their clean was cancelled this week. + +I have had enough. + +I have tried a few times to get a part time GM in to take over my responsibilities, but all that happens is that they drop the ball and I have to pick it back up again, so it doesn't really save me work. For example, one cleaner called in sick last week, but the current manager didn't tell their clients and we received a series of negative reviews online as a result. The manager was apologetic, but says their children were sick and they just didn't get around to it. This isn't the first time. On other occasions separate managers have given the wrong addresses to the cleaners, not ordered product on time, etc, and I just don't have enough time to manage the manager/keep hiring new ones as well as my other job. + +I keep reading about how one should just 'start a business' to improve one's passive income, but I don't see how a business could ever be 'passive income'. To me, it's just another job. There will always need to be someone at the top hiring, firing and managing the managers. + +I am sick of getting home from a busy day seeing patients back to back and then having to deal with problem customer emails the manager has forwarded on for my consideration, or finally taking time off and being harassed on holiday because the cleaners have run out of all cleaning supplies. Quite frankly I am sick of the ridiculous customer complaints also - people are almost comically entitled. + +I guess my question is: is this normal, or am I missing something?? Does anyone else feel this way? + +If so, why do people advise to 'start a business' for passive income? It's just taking on another, shittier, job. But that's not what the internet preaches. Everywhere I look, successful personal finance is synonymous with 'start a business' and then quit your job on your millions. +Today wasn't good, I'm not gonna lie. But I absolutely think that the markets are overreacting right now, so I am buying the dip. + +Why do I stay bullish? I am convinced that this new virus strain will fade away just like all the others did before. Here's an excerpt from *The New York Times* : + +>Still, even epidemiologists who have been the most outspoken in supporting precautions against the virus urged calm on Friday, noting that little is known about the variant and that **several seemingly threatening variants have come and gone in recent months**. +> +>“Substantively NOTHING is known about the new variant,” Roberto Burioni, a leading Italian virologist, wrote on Twitter, adding that people should not panic. + +So, here you go, you don't have to believe me. Experts are saying not to panic, so I don't panic. + +We also have to remember where we are coming from. In March 2020, the whole world economy basically shut down for a month. We had no vaccines, no treatment pills, nothing. And yet, markets recovered so quickly that a lot of investors couldn't believe it. Why would a new strain be any different? Almost everyone is vaccinated, deaths are plunging, and the economy is in really, really good shape. + +That's why I think this dip is a major buying opportunity. In all likelihood, we will be back at 60k and 4.4k in the coming weeks. If you are a long-term holder, this is a very good entry point. +Howdy! + +So obviously for legal reasons all trades are made by my mother, but aside from that, I’m 15, I’ve seen 250% portfolio increase in the last 3 weeks, not because of strategy or anything just got lucky with PLAY, CCL and AAL. So I have a large (to me at least lol) amount to invest and I’m not quite sure what to do from here. + +I’m in the process of transferring from Robinhood to TOS, and I was just looking for some advice from more experienced traders/investors, any tips on how to start, how you started, where you went, risks, things like that. + +Regardless of if you comment or not thank you for reading! +- http://www.pcworld.com/article/3199257/components-graphics/why-amds-radeon-graphics-cards-are-almost-impossible-to-buy-right-now.html + +- https://www.financemagnates.com/cryptocurrency/news/ethereum-mining-rush-leads-shortage-amd-graphics-cards/ + +TUESDAY EDIT: https://youtu.be/aAn9cmCbkUo?t=36 + + +Ragnarok started off as a stealth launched community token 3 days ago, and has rapidly grown since then: both in terms of the number of community members (2000+ Telegram members), as well as its market capitalisation ($2.1 million as of writing). The coin is the brainchild of Tango the Dog, who is a full stack developer by day, and a crypto fanatic by night. Having personally invested in many BSC tokens, he saw it all: meme coins, shitcoins, community coins and real-use utility tokens. One thing which really troubled him about the present state of the BSC ecosystem is that for every 1 legitimate project, there are a dozen rug pulls, pump and dump scams, and other variety of fraudulent projects. Investors become easy prey to conmen primarily because of 2 reasons: + +a. Lack of Transparency by Project Developers + +b. Investors’ ignorance of technical know-how + +In the first AMA, this problem of rug pulls, along with many other issues plaguing our ecosystem, were broadly discussed. In a vote that was conducted yesterday, our community decided that we want to see Ragnarok as a platform to build a new vision for the BSC ecosystem: one which is honest, transparent and uncomplicated to use. + +In specific terms, the Ragnarok Team will be creating a brand new platform which will primarily serve as a token visualization service, BUT with the added integration of auditing and other safety features, such as tracking and marking transactions, to see if they are suspicious or not. As part of this platform, the Ragnarok token will serve the function of a utility token to access the integrated audit-visualization services. You can also read more about this in our medium post (link at the end). + +As far as the safety and transparency of our own project is concerned, we are in talks with a leading crypto auditing service to get an audit report released asap. Meanwhile, our team of developers is working tirelessly to launch Version 2 of our website in the next few days, which will more clearly display to everyone just how much blood, toil and sweat is going into making this project a huge success. Till then, please feel free to join the community, ask any questions that you have, and put forth your suggestions! + +Medium: [https://ragnarok-token.medium.com/ragnarok-token-day-2-and-3-summary-deep-dive-into-our-use-case-af248f1d151d](https://ragnarok-token.medium.com/ragnarok-token-day-2-and-3-summary-deep-dive-into-our-use-case-af248f1d151d) + +TG: [https://t.me/ragnaroktoken](https://t.me/ragnaroktoken) + +Twitter: [https://twitter.com/ragnarok\_token](https://twitter.com/ragnarok_token) + +⚡️CONTRACT: 0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21 + + +Incredibly solid project. Community is super strong. Devs are ambitious and constantly looking to add more layers to the project. One of the best ones I have recently seen. +**Summary of Family:** +Self – BS/MS Civil Engineering and EI license, Structural design ($72k Salary + Overtime), college paid for by scholarships + parents, immigrant parents fled communism and poverty +Spouse – BS Computer Science, Front-End Engineer ($82k salary), college paid for by scholarships and minimal loans, immigrated as a child to flee a different flavor of communism +Dog – Puppy kindergarten, Dog (Kibble salary) +We rent an apartment and drive cars that are “hand-me-downs” from our parents. + +[ **Income/NW/Spending Summary Table + Self NW Charts**](https://imgur.com/a/VM0Sayr) + +[Table link](https://imgur.com/hnPGgAC) +[Self Investments Chart vs Contributions link](https://imgur.com/nvU4u6A) +[Self NW Chart link](https://imgur.com/EjPjDOa) +Notes: For NW calculation purposes, joint assets are split 50/50 and added to each individual’s NW. + +**Growing Up:** +Parents were immigrants fleeing the Chinese cultural revolution with a few suitcases and a few dollar bills to their name, not really understanding English, arriving in the USA for their 2nd PhDs each. I grew up on SNAP and hand-me-downs. Parents grew up impoverished, so we were very frugal. Mom’s career took off when I’m in middle school. Her diligent saving and my scholarships resulted in me being able to go through college with no student loans. +Spouse immigrated to the USA while young and grew up upper-middle class. His parents don’t really understand money, but out-earn their spending. Got a scholarship that paid for the last 3 years of college. + +**College/Grad school (2011-2018):** +Went to school for civil engineering, started doing internships and learning about personal finance, stumbled upon [The Shockingly Simple Math Behind Early Retirement](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/). Started contributing to my internship’s 401k and to a Roth IRA and saving cash. I checked my Mint account daily and was so happy to see my NW go up and reach $10k, then $15k, etc. Mom and scholarships paid for my tuition and dorm costs, I paid for school supplies/plane tickets home/moving costs and rent/groceries at internships. + +Intern Pay History (COL Index: 123.9): +$15.75/hr (2012)-> $16.80/hr (2013)-> $17.76/hr (2014)-> $18.80/hr (2014)-> $22/hr (2015) + +My career heavily favors master’s degrees, so I applied and got a Research Assistant position for a full-ride for grad school. Grad school and research in civil engineering was miserable. I’m glad I didn’t have to pay money for it. + +I was a complete workaholic during these years, and it set me up to be highly desired by employers. However, I think this accelerated my burn-out, especially since it took me 7 years to graduate with a job. + +The benefit of cash savings during this time was that I never had to worry about moving expenses for internships, school materials, grad school applications/travel, and any other miscellaneous expenses. While it might have been more optimal to invest more of my cash savings, the mental comfort and flexibility the cash offered me means I don’t regret a thing. + +**Working Full-time:** +Salary History (COL Index: 90.8): + $64k (2018) -> $65k (2019) -> $68k (2020) -> Switch Jobs, $70k (2020) -> $73k (2021) + +The differences between my salary and the income listed in the tables are due to overtime pay and performance bonuses. +My first job was extremely stressful and required lots of overtime to meet deadlines. I had multiple panic attacks or crying sessions after work, it was hard to sleep, I had to deal with a toxic project manager, my anxiety and stress levels were through the roof. Even though I loved my boss, I ended up switching jobs (thanks to the support of my SO for enabling this). I now work less overtime and have less responsibilities for slightly more salary, but it’s still pretty stressful. I’m still dealing with bad Project Managers, and we’ve been having some ridiculous deadline expectations recently. Currently working towards PE licensure. +Spouse loves what he does and has a lot of career growth/opportunities, so he’s not really focusing too hard on RE. + +**Life, and where we go from here:** +For years my now-spouse has emotionally supported me through hard times and kept me grounded, and I’ve in turn helped him learn how to cook, develop a fashion sense, taught him personal finance, and develop his career. With him I’m [“building the life I want, then saving for it.”](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/?utm_source=reddit&utm_medium=usertext&utm_name=financialindependence&utm_content=t5_2t34z). He’s not entirely on the FIRE train, but he’s 100% supportive and on board with me working towards FIRE and I’m willing to be flexible on spending budgets so he’s still happy (as long as we max out retirement accounts moving forward). + +We split bills 50/50 while dating/engaged and now have fully joint marital assets. I track spending and manage the budgets and we do roughly monthly meetings to discuss finances. We spend our “boring middle” time training and spoiling our dog, taking expensive dance lessons, playing video games, and enjoying food. Currently saving a lot of cash to buy a house hopefully next year because our apartment is feeling pretty cramped with WFH. + +I recently connected my husband with one of my friends in the same industry, and thanks to that connection he’s starting a new job soon that will roughly triple his total compensation. This opens a lot more flexibility in our budgets and future plans. + +I’m pretty unhappy with my current career (work/life balance and compensation) and my career isn’t very compatible with people who want to be active in their child’s lives. So I’m back to looking for new job opportunities for better work-life balance and a better team, but if I can’t find anything that works, we can live off of my husband’s income while I study programming and try to switch to sweet tech money/benefits. Being in a relationship/married has greatly benefited both of us emotionally and financially, and is letting us take greater risks with careers moving forward that could result in increasing the family income. + +While it feels like I've been on the FIRE train for forever, I realize I've only been working full-time for 3.5 years. We still have a long time to go, but we have a pretty good foundation for success in the coming years/decades. + +**Inspiration:** +I talk to my mom about finances freely and while they really don't like the RE attitude, my parents are always happy to celebrate milestones. My mom has been coasting at her job and has been ready to RE for years (since her mid 50's), but has enough PTO to enjoy life and enjoys her work (and enjoys her health insurance since she's had cancer). My mom was able to succeed after a childhood of extreme poverty, coming to a new country, being a breadwinner for a family of 4 and the primary childcare giver, and is enjoying coasting to retirement. Whenever life gets rough, I just think "well, I have it easier than Mom ever did" and it generally helps haha. I wouldn't be here without her! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.economist.com/news/business-and-finance/21741377-corporate-debt-could-be-culprit-where-will-next-crisis-occur + +> One sign that the credit quality of the market has been deteriorating is that, globally, the median bond’s rating has dropped steadily since 1980, from A- to BBB-. The corporate-bond market is divided into investment grade (debt with a high credit rating) and speculative, or “junk”, bonds below that level. The dividing line is the BBB rating. So the median bond is now junk. + +> At the same time, a prolonged period of low rates has made it very tempting to take on more debt. S&P, a credit-rating agency, says that as of 2017, 37% of global companies were highly indebted. That is five percentage points higher than the share in 2007, just before the financial crisis hit. By the same token, more private-equity deals are loading up on lots of debt than at any time since the crisis. + +> Even within investment-grade debt, quality has gone down. According to PIMCO, a fund-management group, in America 48% of such bonds are now rated BBB, up from 25% in the 1990s. The companies that issue them are also more heavily indebted than they used to be. In 2000 the net leverage ratio for BBB issuers was 1.7. It is now 2.9. + +> Investors are not demanding higher yields to compensate for the deteriorating quality of corporate debt; quite the reverse. + +https://www.bloomberg.com/news/articles/2018-05-02/lippmann-of-big-short-fame-says-corporates-will-cause-next-pain + +> The former Deutsche Bank AG trader who now oversees about $3 billion at his LibreMax Capital LLC said in a Bloomberg Television interview that corporate debt and equities will face the biggest pain when the next downturn comes. Investments linked to consumer debt, unlike the last crisis, will be relatively safe because companies have been the ones gorging the most on the ultra cheap interest rates during the past decade. + +> “If the first quarter’s volatility is a harbinger of something bigger, I think that you’re going to see a lot more trouble in the corporate market and the equity market than the structured products market,” Lippmann said on the sidelines of the Milken Institute Global Conference in Beverly Hills, California. “The consumer is in much better shape than corporates. Consumers are less levered than they were pre-crisis. Corporates are more levered than they were pre-crisis, and I think structured products are not going to be the epicenter.” +From a phone dialpad: O=6, A=2, P=7. That's 62266272. + +62,266,272 shares registered. Boom. + +Pretty close to the one Yahoo Finance had all screwy couple weeks back, which is currently displaying as 61.83 million. I think the high score is hitting the total "float" number. + +How's that for some tit jacking? But yeah, please register your shares in your name and enter your initials to make this score official! + +This post over the min required characters yet? Geez...... + +EDIT: The ape u/macems came to same conclusion a few hours earlier. Just wanna give some credit where its due, cuz who knows WTF the tweet really means, right? We're either both wrong or both right. Either way, register those fucking shares and see yall past the moon! + + +https://www.reddit.com/r/Superstonk/comments/ptzmq6/gamestop_on_twitter/hdzzdhd/ + +EDIT 2: OKAY So guess I've been wearing my tin foil hat too tight and apparently the letters highlighted vary based on browser version so I'm fully retarded and this is a stupid theory but register shares in your name at CS and let's set a high score that really matters! + +Changed from discussion to shitpost. I had a long day at work looking at phones too much. + +Unless the registered float really is 62M+ alrdy 🤫😉 +I'm so excited. I've never done this myself before - thank you to all those who have answered my silly questions (and in advance to those who will answer future silly questions). Now to put it on ignore except for the monthly purchases, as I have set up my monthly $100 contribution. :) +[https://twitter.com/elonmusk/status/1374619379929772034](https://twitter.com/elonmusk/status/1374619379929772034) + +***"Tesla is using only internal & open source software & operates Bitcoin nodes directly."*** + +I mean this is what Bitcoin is actually all about! They are not only accepting Bitcoin, they are part of the Bitcoin network now, completely bypassing the legacy system and transacting directly with their customers without any third-party involved. + +I know you are all happy you can buy a Tesla with Bitcoin, but I find this to be the ACTUAL huge deal. +https://github.com/tronprotocol/java-tron/issues/25 + + +TRON already got caught with Plagiarised White Paper now they get caught again with copy pasting codes, doesn't credit anyone, and tries to hide it, gets caught hiding it..... then apologizes? +A top post today got me thinking, and lately people have been talking about spending a little to break up the monotony. Well here's my list: + +1. Video games. Despite their status as a luxury good, I challenge you to find anything cheaper on a per-hour basis. One $60 game can give thousands of hours of entertainment. If you can't run the latest and greatest, check out GOG.com for classics that can run on newer systems. (I have no affiliation). + +2. Sunday movies. Sunday morning and early afternoon tickets are typically cheaper, and some theaters turn a blind eye when you walk in with outside coffee. You're less snarky and the theater is nearly empty. The perfect cheap date. + +3. Hand crafts. If you really want a cheap hobby, take up knitting or any number of crafts. Yes, any hobby can get insanely expensive, but they don't need to be. For knitting, get two needles, 1 ball of yarn and make a hat. They're cheap and make great gifts. Start now and you'll have time to make your entire Christmas list. And people love getting things you've made for them. Same goes for wood carving, leather work or candle making. Start cheap, make gifts. + +4. Expensive clothing. Here's the trick: avoid fads and logos and buy basics. Nice pants and shirts can last years if you line dry them, and they'll hold their shape too. If you divide the cost over several years, this is a more economical way to shop in the long run, makes you feel good, and look good too. The trick is to do this sparingly. One big shopping trip a year, or one item every few months is appropriate. Stick to your budget. + +5. Netflix, and other subscriptions. Ditch cable and get a few if these apps. It's cheaper than cable and going out. + +My wife and I both work full time jobs and are in grad school, and work a night job that supplies free housing. If we don't take care of ourselves every so often the stress would be too much. This is how we get by while meeting our goals. + +EDIT: someone is downvoting every comment in this thread. Maybe you need this advice more than you realize. +EDIT: I'M A DUMBASS, I KNOW! HENCE ME MAKING THIS THREAD JUST TO DOUBLE CHECK. THANKS FOR THE TOUGH LOVE AND GOOD ADVICE!!! + +The guy claims he is well off and is a Christian on a mission to help others and that he has helped many other people with money. + +We are starting a business and in loan discussions. This guy texted us out of the blue. + +He wants us to activate a prepaid Visa card for $25 and then he will supposedly send us money with it (or something). + +Ummmm. Help? Too good to be true? + +I have $250 in my personal account and $250 in our business account so its not like he'd be able to steal that much, eh? What do? +This is a warning after just being a witness to an uninsured loved one nearly die due to fear of medical bill's. Your life is worth more than the future bill. Please go seek care now if you any potentially life threatening symptoms. If you have something that could be potentially serious then get your ass to the ER now. They are legally required to treat you until you are stabilized if its serious, just try to go public versus private hospitals. Just search and go until you get checked out. I just left the hospital ICU after visiting an uninsured friend who was admitted the other day. She had a swollen leg for a few days and didn't go to ER until her family member who is a nurse told her to go to the ER asap based on symptoms she described. If she waited any longer she would be dead! She had a big blood clot in her leg that spread near her lung and heart. Stints were put in last night. If she had waited even less than a day she would've fucking died. Fuck the financial worries and fuck our healthcare system. I just FB'd live with her so she could talk to her baby before having another procedure done. If she hadn't gone I would have been holding a motherless baby at that moment. How fucked up is our healthcare that it nearly kills people b/c they won't go due to fear of costs b/c they know they may get care but will be screwed over once the Bill's come due. Sorry but I am still in a rage over how this could've turned out. I've always hated this system but I've always had jobs with insurance. I never thought I'd be in the middle of a nightmare that I've read uninsured go through. Worry right now about your life, everything else can be worried about while your still alive to deal with it. +Like I said this is very easy to find just by one search on Google. I've used it and my uncle has used it. He had 110000 in debt at the age of 27. He is turning 30 and will have everything paid off this year, including student loans, 1 car, and his condo. Anyone can do it. Don't push it off. Start now. + +http://www.daveramsey.com/blog/free-download-budgeting-guide/ + +Edit: Front page, thanks everyone. I hope for those who didn't know or see this before, that it's given you some help and insight. + +\*\*\*\*\* I am NOT a financial advisor & this is NOT financial advice. Take everything you read, see, or hear with a grain of salt. Verify it ALL with your own DD & come up with your own conclusions! \*\*\*\*\* + +TL;DR - New rules #801 & #002 MAY be working their magic. JP Morgan is going to do intraday checks with all the hedgefucks that use their funds to "invest" and make sure they meet the MINIMUM daily SLD requirements. + +If they can't, the DTCC can LIQUIDATE their assets to cover their short positions until they do. They can also "block" any "member" that they deem is a "liability" to the DTCC, SEC & basically the rest of Wall Street. + +The DTCC can force ALL members to help cover any "debts" that any of these "liable" companies may incur through their "actions". 😉 + +Oh yeah, I'm fucking jacked to the tits! See you beautiful APES on the MOON soon 🚀 🌕 + +\----------------------------------------------------------------------- + +Here we go! + +I just posted about this: + +[https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf) + +https://preview.redd.it/3rj5adcjw4b71.png?width=2121&format=png&auto=webp&s=c064e228b21a08b22431b163412af52692f606a5 + +This is one of JP Morgan's account with the DTCC. Apparently there are reports of them having like 30 accounts. Ok that's fine, I don't dispute that ***statement*** unless I can prove it otherwise. But the fact remains that one of the accounts is closing down. So we can agree on that simple fact. + +\*\*\*\*\*EDIT 7/15/21\*\*\*\*\* + +Found out that JPMorgan only had their accounts "retired" by the DTCC only 2 times in HISTORY! + +&#x200B; + +https://preview.redd.it/hw330ertngb71.png?width=3842&format=png&auto=webp&s=b363e20b104d7297931e9652a9d4058a58db1478 + +I've seen people claiming, "It's nothing! Business as usual!". + +Really? Business is as usual when only 2 of your accounts has EVER been closed according to [DTCC.com](https://DTCC.com) records? Both recent too! + +I believe the "Canada" retired account was in connection with this ruling made recently by the SEC found on the Reg Sho. (Don't quote me on this, I haven't searched to confirm this yet, I think this was jogged from my memory) + +Ummm... Ok, I'm sure you used DD and verified by just simply looking a little "deeper" right? I mean a 5 second search pulled this up. Guess your time is too precious to look? + +Looks like YouTubers are a lot more "news anchors" rather than real "reporters". + +\*\*\*\*\*EDIT\*\*\*\*\* + +I do have a theory, and as with any theory, I can be right or I could be wrong. We won't know unless if someone can dig up verifiable proof to disprove my theory, or ends up truly becoming result of something possibly big. Who knows right now. I just want to share this with you. + +This is the data I dug up and why I feel that this is all connected as it is. You make your own conclusions with everything presented here. + +Now an article released TODAY says this! + +https://preview.redd.it/y08eo6tkw4b71.png?width=3835&format=png&auto=webp&s=9d9cf56329c560258070f0b3384ac16fcd88b57b + +[https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls?fbclid=IwAR38LOqoa4u2ErZJ12TYzGw2J2KO7\_iPlZmDW6cZO17GEOwlDufhA6Nug9w](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls?fbclid=IwAR38LOqoa4u2ErZJ12TYzGw2J2KO7_iPlZmDW6cZO17GEOwlDufhA6Nug9w) + +(Gotta pay for their subscription to read the whole article, but just he title says enough) + +What does this remind you of? + +Remember all those little "rules" that we got so excited about not too long ago? + +SR-NSCC-2021-002 in particular? + +Shall we revisit it for just a quick moment? You remember this guy right? + +[https://www.federalregister.gov/documents/2021/05/12/2021-10054/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-designation-of](https://www.federalregister.gov/documents/2021/05/12/2021-10054/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-designation-of) + +https://preview.redd.it/7m2xsqdmw4b71.png?width=3838&format=png&auto=webp&s=e0bad688d1af04491113966192c927d9ac1b9e1b + +Yeah, this is the one that increases the SLD minimum requirements right? + +Also remember this little guy? + +SR-NSCC-2021-801? + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801-Approval-Notice.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801-Approval-Notice.pdf) + +&#x200B; + +https://preview.redd.it/thendwnsw4b71.png?width=3842&format=png&auto=webp&s=61b04ef5a917c62d30bb31df98b6b5ca7216dd98 + +Hmm...."Proposed Intraday Supplemental Liquidity Calls" huh? + +Yep that's right, this allows them to check on hedge funds to ensure that they are within the daily minimum SLD requirements. According to JP Morgan, they're gonna check up to 7 times a damn day to ensure these hedgefucks are able to "reasonably" cover their short positions! + +Don't forget the part that ALLOWS the DTCC to "block" members of the party in the event they do things to become a liability to the DTCC, SEC, & other financial enforcing entities. They will be pushed out like black sheep to have them take care of their own fucked up "business" they have made for themselves. + +Also another fantastic rule they put in place to protect themselves from these "liabilities" is allowing them to force upon other DTCC members to "share" in the debt responsibility if any should ever occur 😉 That way not only "one" member is responsible, but ALL of them will be held responsible to pay the debt of the "offending" party! + +\*\*\*\*\*\*\*\*\*\*\*\* + +EDIT: + +Even though I couldn't confirm any other source of the [Risk.net](https://Risk.net) article, I did find this: + +[https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html](https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html) + +&#x200B; + +https://preview.redd.it/drf4doaex4b71.png?width=3847&format=png&auto=webp&s=4f2e90a758ab931f54b1c00216f625d0fc52a92e + +It's no secret that banks are hoarding cash. They know something HUGE is gonna happen and it won't be pretty. So requiring more "liquidity" from their clients makes complete sense. They want to "protect" their "hoards" of cash they're stockpiling right now. + +I don't believe this will be the last we'll hear of this. I can almost guarantee you that this is going to happen with ALL banks soon enough. Just a theory, but keep a lookout for it and remember this post if it comes to fruition soon. + +\*\*\*\*\*\*\*\*\*\*\*\*\* + +Yeah, I know, it's wishful thinking but these are the RULES that have been set into place. Now is this truly the culmination of all of this going into effect? Finally moving the cogs in this system to fix it? Man I hope so! + +If JP Morgan is admitting they're going to do this, who next? BOA, Credit Suisse, etc? + +Either way, **BUY & HODL**! This is the ultimate recipe for our MOASS success! + +Do remember these few things: + +1. Make sure to turn off share lending with your broker. If you have your shares with a "shady" broker (names of which can be found thru various threads here on this subReddit), then make sure to switch to a more reliable one such as Fidelity. +2. Day trading HURTS our cause on the daily. Since there is a T2+ clearing dates on trades, it can give them up to 4 additional days with which hedge fucks like Shitadel can use to cause fuckery with. +3. Don't worry about the price. There is not date but we know from all the evidence we are seeing, the day is coming soon my fellow APE! + +&#x200B; + +\*\*\*\*\*\*\*EDIT #2 + +Thank you so much to [**Luxray0815**](https://www.reddit.com/user/Luxray0815/) **for sharing this!** + +[https://www.reddit.com/r/Superstonk/comments/ojhfk2/this\_is\_the\_jp\_morgan\_warning\_hedge\_funds\_article/](https://www.reddit.com/r/Superstonk/comments/ojhfk2/this_is_the_jp_morgan_warning_hedge_funds_article/) + +&#x200B; + +https://preview.redd.it/2693puukp5b71.png?width=3853&format=png&auto=webp&s=55ee0cc7af029872744bfdd4dc8bc3c940d2c20d + +This is the whole article from [Risk.net](https://Risk.net)! + +&#x200B; + +&#x200B; + +I'll quote it here if you don't wanna go there to read it all. Thanks to that OP for sharing the whole thing. Love the team work of this amazing community! + +&#x200B; + +&#x200B; + +" JP Morgan warns hedge funds to expect intraday margin calls + +*July 13, 2021* + +Author: Nell Mackenzie + +JP Morgan is warning hedge funds clients that it will demand they post more cash at any time during the day if their trades lose value. + +The biggest US bank by assets called clients of its prime brokerage division in the aftermath of the collapse of Archegos Capital Management, according to three people familiar with the matter. JP Morgan told the hedge funds and family offices that they would have to post more collateral on their single-name equity swap positions if they lost value intraday. + +Banks collect margin from hedge funds to cover potential losses if a fund fails. Prime brokerage divisions ask for initial margin when a hedge fund enters a levered position and then give themselves the ability to demand variation margin if the market moves against the client. + +The right to demand variation margin is included in many contractual agreements with prime brokerage units. Hedge funds rarely seek to change them because until Archegos. they were rarely enforced. + +"The JP Morgan standard prime brokerage agreement actually says that they can call you whenever they want for variation margin - like you can get up to seven calls a day" says a head of treasury at a large US hedge fund. "It's up to you to negotiate that." A spokesman for JP Morgan declined to comment. + +The default of Archegos at the end of March triggered losses at multiple investment banks, including a mammoth $4.7 billion loss at Credit Suisse, which collected less margin from Archegos than the likes of Goldman Sachs and Deutsche Bank. + +None of the hedge funds that [Risk.net](https://risk.net/) spoke to have received intraday variation margin calls from JP Morgan, but they all fear that they will have to pay up in the future. The chief financial officer of one US hedge fund says that he was shocked when JP Morgan said it would exercise its legal right to make margin calls multiple times a day. + +"I have worked at small firms and multi-billion-dollar firms and this was a first", he says. "I was surprised to hear this." + +Prime brokers that provide leverage to hedge funds collect two types of margin from clients: initial margin, which is set periodically based on the credit risk posed by the fund; and the variation margin, which is calculated daily and covers mark-to-market losses. + +In prime brokerage, initial margin is primarily based on counterparty credit risk - the chances of a client defaulting - rather than the risk of individual trades. "Generally what happens is someone assesses the creditworthiness, does the know your customer and anti-money laundering, sets a margin, shoves it into a system completely separate from what's going on with the actual trading floor and never touches it again for another year." says an executive at one of the largest US hedge funds. + +JP Morgan is changing how it monitors risk by calculating variation margin throughout the day, a practice called real-time margining that it had begun developing even before the Archegos' spectacular collapse. + +The bank previously called clients for additional margin at the start of each trading day. It is now asserting its right to demand additional margin between daily calls. If a client's positions lose value over the course of the day, JP Morgan may decide that it needs more collateral immediately. + +A fund manager at the US hedge fund gives an example. "If we short something at $5 million and it appreciates to $10 million, the margin requirements would be based on that $10 million market value." he says. + +JP Morgan did not lose money on Archegos, but the family office's implosion has forced banks to look again at the risks in their primer brokerage units. Other banks have taken similar steps, though some have reached different conclusions. + +Credit Suisse, which had more than $10 billion of exposure to Archegos when it defaulted, relied on a 'static' margin methodology to set collateral requirements for the family office, although it had planned to introduce what it calls "dynamic margining" by the summer of this year. A Credit Suisse spokesman declined to comment. + +Two weeks after Archegos' failure, Bank of America called a UK hedge fund manager about his single-name equity swaps. The bank said it would not make multiple margin calls in a single day even though its standard terms and conditions give it the right to ask for extra collateral in between daily scheduled meetings. + +A spokesperson for Bank of America declined to comment. + +Bank of America also lost no money when Archegos failed. A consultant who works with the big prime brokerage businesses says the banks' differing abilities to calculate the risks run by their clients explains why some incurred multi-billion-dollar losses while others were unscathed. + +"It is a difference in capability." says the consultant. "Some banks can do all of this in an intraday system. Some of the other firms end up getting pushed around by the client. They give them the benefit of the doubt - and maybe for a little bit too long." + +&#x200B; +I remember when i was a little retard boy fascinated by the markets. A system that rewarded intelligence, patience and a deep understanding of economics. + +Now it's just a race of reading comprehension between bots, to figure out the sentiment of a 20 page pdf in a few miliseconds. + +The future of trading sure will be exciting, with algos that keep track of how many times the preserved head of JPowell blinks in a day and place orders accordingly. + Whaddup fellow apes. I didn't want to have to be the guy who points out all the negative things about the squeeze.. but no one else is doing it. And don't call me a shill until you read the whole post. + +&#x200B; + +I've been thinking about the MOASS a lot lately. In doing so I realized that the MOASS will have its permanent consequences. Are you willing to accept the consequences? + +&#x200B; + +Now I know what you're thinking... + +https://preview.redd.it/29a7lp97hft61.jpg?width=889&format=pjpg&auto=webp&s=cb4be9a29110576c497248230a3bcbaadea1b5ad + +So here goes it. + +&#x200B; + +**10 Bad things about the MOASS** + +&#x200B; + +1. **My chances of getting eaten by a shark go up dramatically.** I get to go to the beach 1 week of the year if I’m lucky. After the MOASS, I will likely be living on the beach. I will also own a boat. Thus, I will be in the ocean a whole ton more. + +2. **I will be in pain more often**. I don’t know about you, but I hate sunburn. It is the worst. I do not look forward to having sunburn more than twice a year. Not to mention all of the dangerous sports I will be partaking in. Skiing, snowboarding, waterboarding (the fun kind,) bungee jumping, skydiving, white water rafting, etc. + +3. **Driving will be more stressful.** Right now I drive a car that is worth no more than $4k. I don’t care if I run over a ~~child~~ curb or get it all scratched up. Now imagine driving ~~a brand new~~ Kenny G’s repossessed lambo. It would almost be more stressful to drive than anything. I probably couldn’t even enjoy it. + +4. **TGIF just won’t be the same…** Fridays are the last day of the work week. After you get off of work on Friday, you have the weekend to look forward to. After the MOASS, every day will be the weekend. Not to mention the fact that I get excited to be paid on Fridays. Ugh... my lyfe about 2 suk. + +5. **My favorite foods won’t be as good anymore.** You ever like a song so much that you listen to it on repeat for a week straight? Then you hate it? It will be the same with food. Post MOASS, I will only be eating all of the foods that I enjoy the most (ribeye steak, chipotle, any form of potato, Mexican food.) I will most likely get tired of them. I do not look forward to this. + +**6.** **People will be more fake.** Right now, I am just an average guy. I don’t have much too offer. My future is about as bright as gargantua. With that being said, I know that all the people who like me now, actually like me for me. They are not trying to benefit from me or anything. They just enjoy my company (I think.) Post MOASS, all types of people will be looking to befriend me. Some people won’t actually befriend me because they like me. But because they want to benefit from me in some way. I will have to weed through to find the true friends. + +**7.** **My electricity bill will go up substantially.** Right now I live in a 1000 sq ft. apartment. Post Squeeze, I will be living in a minimum 6900 sq ft. primetime beach front property. I can’t even fathom the amount of electricity it will take to keep the lights on. Not to mention the fact that I will be running several bitcoin mining rigs and charging all 4 of my Teslas (Model Y, Model S, Model X, Cybertruck.) + +**8.** **I will be lonely.** I interact with hundreds of people daily. 90% of these interactions are at my day job. Post MOASS, I won’t have a day job. I fear that I won’t interact with people at the rate that I do now. The only place that I will be able to interact with people is at the lambo dealership, the country club house, or maybe the occasional penthouse party. Here’s the thing though. All of these places will be saturated with rich people… and rich people are the worst. + +**9.**  **Video games won’t be enjoyable anymore.** I love playing video games. I’ve played them since before I could even comprehend what they were. Post Squeeze, I fear that I will have a hard time enjoying video games. I will have plenty of free time to play them but the fact is that my new post squeeze life will be so awesome that video games will become dull. Not sure if it’s worth it imo. + +**10.** idk yet tbh + +&#x200B; + +**BONUS Post Squeeze Issues from** u/inmyfavor + +**1.** **I will become much more frustrated.** I currently play golf once every week or two. However, post MOASS I will have significantly more time and money to golf whenever I want. This will inevitably lead to me being much more frustrated. This will not be good for me as I cannot be much more stressed than I already am at my 9 - 5 job. The MOASS will definitely lead to more frustration in my life. + +**2.** **I will be sick more often**: I do not get sick very often currently. Post MOASS, I will constantly be getting nauseous on the various flights I will take to and from various tourist destinations around the world. This will not be beneficial to my overall health and will deteriorate the quality of my life. + +&#x200B; + +Take that for what it's worth. \[insert rocket emojis here\] + +Edit: thanks for the awards bois... but honestly now I’ve peaked on reddit. Now my smaller posts won’t even be that enjoyable now that I’ve had the high of all these awards and upvotes. Ugh. + +&#x200B; + +*Disclaimer: This is not financial advice. It's not even really advice at all. It's just explaining why the MOASS might not even be worth. Idk tho... i eat crayons.* +**(In case Kraken is paying attention, the ticket number is: 2057654)** + +I've had a Kraken account for over 3 years now. I have done millions in transactions and have withdrawn hundreds of thousands of dollars over the course of these 3 years without problem. I verified my account up all the tiers, and the bitcoin I received was from legitimate business dealings back in 2011-2012 when bitcoin was worth much much less. + +&#x200B; + +So last week I went to withdraw $200k in cash. Kraken contacted me telling me I need to send them additional tax returns from my business, which I did as proof of funds. Of course since the money was earned 8 years ago, none of this would actually show a proof of funds. (also note I have withdrawn over $700,000 from kraken in the past) + +&#x200B; + +Two days ago Kraken emailed me telling me that they are closing my account and can't say why. They then told me that I have to withdraw the 4 BTC I have in the account as well as the $290,000 I have in my account in cash, but that I first need to purchase bitcoin or other cryptos which I can then withdraw. + +&#x200B; + +Kraken is basically forcing me to buy bitcoin or other cryptos with cash I had in my account since 2017. They are giving me 24 hours to do this. + +&#x200B; + +Meanwhile I have no other crypto accounts elsewhere and I don;t want to risk the price of bitcoin dropping between now and whenever I figure out how to sell it elsewhere. Here's the latest email I got as proof: + +>Thank you for contacting Kraken. +> +>Unfortunately, for security purposes, we cannot disclose the reason for this action. We apologize for this inconvenience.  +> +>Please withdraw your current within the next **24 hours** (from the time and date of this message). **Additionally, we are requesting that the funds be converted to cryptocurrency and the balance withdrawn that way.**  +> +>After the 24 hours have passed, your account will be closed. +> +>If you have any questions, please do not hesitate to respond to this message. Thank you. +> +>Best Regards,WarrenKraken Client Engagement Team + +&#x200B; +If someone posts an nft giveaway that requires you to click links or sign up for something, DO NOT DO IT! This can be an easy way to phish for your personal info or even gain access to your wallets. + + +Any giveaways that require this kind of stuff is against the rules and should be reported immediately so it gets removed. + +Love ya apes +Buy, hodl, DRS +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 +Aloha, + +What was your first real estate investment strategy? (House hacking, syndication, BRRRR, etc.) + +Would you recommend that strategy to a beginner? + +What were some things you learned from your first deal? + +Thank you for your participation in advance! +Is this a good ratio to look for? I’m hoping to buy a SFH for around 200-250k with 20% down. After expenses and mortgage payments I’m thinking I can get $500/month profit. (2k rent-1100 mortgage-200 maintenance-200 management) + +This seems really solid as it’s over 10% ROI on my down payment per year, not including any appreciation of the property. Is this an average rate for cash flow or more on the low end? +Looking for some advice as to how my partnership can continue to scale our single family rental portfolio by raising money. A bit about us.. We currently have 37 upscale homes in our portfolio and are looking to continue growing without using our own money. We’re located in Springfield, MO where the average deal we’re buying is $75k-$90k before remodel costs. + +We have all of our systems in place to bring on private money and scale our operation quickly. Just a few of the mechanics to note... +1. In house property management that only manages our units. +2. 3 carpenters who only work for us on new acquisitions and run the remodels with our oversight. +3. Accounting professionally done by a small, local CPA +4. 3 local partners (each 1/3 owners of partnership). Real estate is my full time priority. It’s also one of my partners. Our other partner is a college professor with good RE experience. + +We need capital to fuel our future acquisitions and to keep all of our folks (who each do an incredible job) busy. + +What are some ways that we could raise money in this situation to continue our progress? In the past we have worked with local banks to get lines of credit on our high equity homes. Which we would then take out to purchase and remodel more. Since we’re at the point where we have 2 years of solid financials to show potential investors I’d love to identify some ways that we could raise money - and network with other investors as we pitch our deal. + +Our portfolios estimated valuation as of now is $3.25m with gross monthly rents of ~$35,000. We have a little under a million in current equity. Since nearly all of our units are remodeled after acquisition we have lower than average operating expenses. + +Ideally we would initially raise $100k in flexible capital without diluting ourselves. That would allow us to purchase approx 5 homes if we finance at 80% LTV with local banks and press forward into the summer. + +What can we do here? + +Thanks in advance for any insight or tips. Cheers. +So basically I own 3 properties. + +Property 1: Single family house, $220k worth, $1350 rent. Mortgage balance is around $120k. (Should be noted that this property was my childhood home. I understand I could sell and find a better property but the home has a lot of sentimental value to both my parents and me.) + +Property 2: Duplex, $125k estimated worth, $1250 rent. No mortgage + +Property 3: Duplex, $370k estimated worth, $1000 rent. I live in half of this property, $1400 mortgage. + +My issue is that I would like to scale more, however I recently left my high paying job. + +I spoke with the bank I used for the last refinance and they indicated that my W2 is not strong enough to justify another refinance, i'm essentially holding onto $125k in equity that is just sitting. How exactly can I tap into this without a stronger W2? I have a lot of cash on hand in the market but would rather leave that to grow on its own. + +At what point can people just use rental income to keep scaling, I guess I'm essentially stuck. Any thoughts would be appreciated. +Need some advice. I am contemplating if I should pay off the mortgage on my rental house or put the money towards some other investment (does not have to be RE related.) I have $70k loan balance, 15 years remaining at 6.125% interest. If I pay it off now I would save about $40k in interest. Current rent is $800, mortgage payment is $610. Without a mortgage I would have about $7300/year additional income ($610 x 12 months) which is about 10% ROI. Is there anything I can do with $70k that will give me more than 10% return guaranteed without having to do much work? +Aloha, + +What was your first real estate investment strategy? (House hacking, syndication, BRRRR, etc.) + +Would you recommend that strategy to a beginner? + +What were some things you learned from your first deal? + +Thank you for your participation in advance! +Is this a good ratio to look for? I’m hoping to buy a SFH for around 200-250k with 20% down. After expenses and mortgage payments I’m thinking I can get $500/month profit. (2k rent-1100 mortgage-200 maintenance-200 management) + +This seems really solid as it’s over 10% ROI on my down payment per year, not including any appreciation of the property. Is this an average rate for cash flow or more on the low end? +So basically I own 3 properties. + +Property 1: Single family house, $220k worth, $1350 rent. Mortgage balance is around $120k. (Should be noted that this property was my childhood home. I understand I could sell and find a better property but the home has a lot of sentimental value to both my parents and me.) + +Property 2: Duplex, $125k estimated worth, $1250 rent. No mortgage + +Property 3: Duplex, $370k estimated worth, $1000 rent. I live in half of this property, $1400 mortgage. + +My issue is that I would like to scale more, however I recently left my high paying job. + +I spoke with the bank I used for the last refinance and they indicated that my W2 is not strong enough to justify another refinance, i'm essentially holding onto $125k in equity that is just sitting. How exactly can I tap into this without a stronger W2? I have a lot of cash on hand in the market but would rather leave that to grow on its own. + +At what point can people just use rental income to keep scaling, I guess I'm essentially stuck. Any thoughts would be appreciated. +I'm very early on in my journey but one day eventually I'd like to be a full time/self employed day trader. One of the items I keep thinking about down the road is having to offset benefits that I'm provided by my employer. It's a multinational tech company and with it comes a pretty generous health insurance plan in addition to 401k matching among other items. I should mention that I'm in the US just so one doesn't have to assume. + +For those that have taken the plunge and are doing this full time - how did you go about ensuring you had proper coverage for your family? I know that with some of the people that have FIRE (Financial Independence, Retire Early) goals in mind will seek part time employment somewhere to maintain an employer contribution health care plan. + +Thanks in advance for your responses. +https://www.cnbc.com/2019/11/29/warren-buffetts-latest-attempt-to-put-his-cash-to-work-is-thwarted.html + +Tech Data says it has agreed to be bought by private-equity firm Apollo Global Management for $145 a share, which values the tech +company at about $5.14 billion, excluding debt. + +The deal was sweetened from Apollo’s previous bid of $130 a share, or just over $4.77 billion, after an unnamed suitor topped Apollo’s original offer. + +The undisclosed competing suitor was none other than Berkshire Hathaway, CNBC has learned exclusively. +I believe in Ethereum and I'm not selling. There's more bears here then usual saying Ethereum is "over". This is the stupidest thing I have ever heard on reddit. We're the most used blockchain IN THE WORLD. This is a small dip. If this troubles you then go open up a bond instead :) +Lately ive been following Iconomi's platform as well as the the ICN token and I find it very interesting that there is very little talk about the accomplishments of the platform and the undervalue of the token compared to the X number of shitcoins out there. I feel that the ICN token is one of the few out there that is actually backed by something thats delivering. +Any thoughts? +My fellow autists, + +I just got back from a trip to Costco, shit is way worse than I thought, there was a somber mood in the building as we all went to the toilet paper pallets only to find 2 halves of a pallet left. The other picture is of what’s left of a Campbell’s pallet they put out a day ago. + +https://imgur.com/a/2ZUO9aG + +Lots of water buying, TP buying (idk why I mean who takes that many shits, just fuckin use 4 squares instead of a god damn hand turban each time), and the biggest one RICE. Rice is sold the fuck out, they went through 7 pallets in a day. I talked to the stock guy and he said they don’t even know where the rice truck is. In addition he said that TP pallet allocation for this week is only 3 pallets. + +I don’t want to be a gay panic doomsdayer but if you haven’t thought about buying just a little more stock for your home, it might be the time, supplies are low and the supply chain is getting worse. + +Also, pro tip, go to Business Costco, it’s different than a regular Costco, yes your membership can get you in, no, there aren’t any additional requirements. Nobody knows about these things and they are about 10% as crowded. You can get 50 pounds of chicken for $50 dollars and a whole pig for about 100$. It’s cash money. + +Buy puts on everything except Costco, Campbell’s, and Kimberly Clark. + +Also fuck automod. +Anyone start a Roth IRA for their children and how do you ensure generational wealth but not have your children become lazy trust fund babies. I don’t want to lie to them but also want to give age appropriate information and challenges. NW $14M thanks. I really want to get to $20M before retiring. Cali life ain’t cheap. +Now, before the downvotes come, hear me out. Often times, we label Bitcoin as "the internet of money" or "digital gold", but I believe that Bitcoin as money is pretty much broken and the digital gold is not a fitting one. + +* Point 1, "the internet of money". + * Per the whitepaper, Bitcoin is implied to be a "A purely peer-to-peer version of electronic cash" and in the whitepaper it's mentioned that one of the downsides of traditional electronic payments is that "the cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions". + * I know this paper was published in 2008, but let's fast forward to today. We have widely used systems like Apple Pay and Venmo which allow us to transfer money without fees, while the average Bitcoin transaction fees are $29 today, and reached all time highs of $61 in April 21st. This shows us that Bitcoin is no better than traditional payments for "small casual transactions" and thus unusable to be called peer-to-peer cash +* Point 2, "digital gold" + * In 2008, during one of the worst economic periods ever, gold "only" dropped 27%, while we have seen Bitcoin drop multiple times over 50% during bear markets. + * During the covid pandemic: + * Gold went from 1570 in February 11th 2020 to 1487 in March 16th 2020 (lowest in this time period), a 6% drop. + * BTC dropped from 10.2k in February 11th 2020 to 5200 in March 17th 2020, a 49% drop. Bitcoin's volatility definitely does not make it a store of value, though it is true that based on historical performance, Bitcoin is orders of magnitude better as an investment than gold + * I have made a post about this [before](https://www.reddit.com/r/CryptoCurrency/comments/mf5or1/unpopular_opinion_bitcoin_is_a_hypergrowth_tech/), but I believe that instead of "digital gold" bitcoin should just be called what it is a hypergrowth digital asset. + * Now, what made Bitcoin rise in popularity and demand since its inception? Its usability as digital money. Nowadays, people are buying it just to speculate, and I believe that usability over time beats speculation. As long as Bitcoin keeps being unusable as money, I believe that in the long term other coins will outperform it. + +So Bitcoin is slow and expensive to transfer, and as we have recently seen with the hashrate drops in China, it is highly centralized for a decentralized system. The only benefit that Bitcoin really has is first mover's advantage and brand name, which I believe that over time isn't really a real advantage. + +(Other point that I believe are worth mentioning that are not often mentioned in this sub) + +* Point 3, contamination + * It is no secret that Bitcoin is extremely power hungry, consuming 129 TWh, 60% of which does not come from renewable energies. All of the world's data centers consume 205 TWh, and I don't believe that Bitcoin is even remotely close to be as necessary as all of the data centers combined, which shows how massively inefficient Bitcoin is in terms of electricity ([source](https://www.visualcapitalist.com/visualizing-the-power-consumption-of-bitcoin-mining/)). The worst part in all of this is that power usage will just increase with time if Bitcoin becomes more and more popular due to increases in difficulty. Quite frankly from an environmental perspective, Bitcoin's power usage is simply not worth it, and something should be done about it. + +It makes me a bit sad, since when I first heard about Bitcoin in the summer of 2016 I was really excited about it, since it mixed 2 of my big interests (Computer Science and money). But nowadays I'm more passionate about other projects that I don't want to mention in this post because I don't want this to be a shill post. Unfortunately, I think Bitcoin has deviated from what I believe is its best use case, being decentralized money, and since there seem to be no signs of going back to that path Bitcoin will just become a coin for speculation which I believe will lead it to failure in the long term +Lately, posts in the sub have been for a lack of a better word... very tabloidy magazine-like or coping/healing group-like.. What happened to substantive DD posts and the ilk? + +&#x200B; + +This is just something I noticed over the last few months since the start of the Fall season. The DD posts are gone and what has replaced the informative posts/DD are just posts that sound like we already lost are looking for mutual sympathy. + + IDC if you think hedgies are fucked no matter what, I want to learn and read the DDs. Where did they all go? It seems a lot of nonsense gets posted. Although, I get that this post is a little hypocritical but I can't be the only one that noticed this change right? + +Stuff like the swaps and house of cards were dope to learn about despite not strictly GME related per say. + + +Edit: to clarify + +I’m just Tired of the copium good feeling posts that mean nothing and if I be real sounds hella patronizing like we are on a losing fight. We are not “here” on any graph and there should not be any assurance to anyone pointing on a graph saying we are “there”. Telling me zooming out means nothing when the stock went up a thousand percent while being in a different social momentum.. +So, here’s my info - any thoughts, advice would be appreciated. + +Both my husband and I work. 2 kids - elementary and middle school. + +TC: 500-600k/year. After taxes, maybe 300-350k? + +Total expenses: 90k for mortgage and prop taxes (hcol). 10 year mortgage will be paid off in a few years. + +2 cars paid off. + +Other expenses: 60k - 70k per year (utilities, food, entertainment, vacation, etc.). + +Save about $150k-200k/year. + +Don’t live an extravagant lifestyle at all, and not completely frugal either. Average-ish maybe? More on the frugal side if anything for this forum(basic economy flying, <$200 hotel room nights, etc.) + +NW: 4MM (2.5MM in retirement accounts (mostly in his and my 401ks, some in iras and roth iras) and 1.5MM in regular brokerage accounts, mostly in SPY and a regular bank acct). + +Above does not include home equity or funds earmarked for kids college costs. + +Neither my husband nor I like our work much, but could maybe hang on 6 more years if needed (i’ve been there over 25 years already, with most of the frustration really starting the past 5 years). But if I stay there 6 more years, I get a pension of about $70k/year. Also some additional benefit of more equity vesting. If i leave now, the pension would be about 40k/year and i lose my current equity (about $500k?). + +No pension for him. I don’t see just 1 of us working - it seems to be both or neither. + +After the house is paid off, my expenses would be about the current $60-70k/year + 20k property taxes plus 20k in health ins = 100k-110k/year. Plus maybe more because i want to be “less frugal” and maybe travel more than the current 2-3 times a year. + +So the choices seem to be both of us retire now with 4mm NW plus 40k/ year pension or suck it up for 6 more years and retire with 5-6mm NW plus 70k/year pension. Moving to LCOL not an option right now. Splitting the difference and working 3 more years or anything else in the middle is an option too, but the incremental pension doesn’t grow linearly and the equity is all or none. + +Thoughts/advise? +I have about $3M in some Admiral index funds at Vanguard. I've been afraid of moving them to the ETF equivalents in the past year due to having to pay taxes on the gains. But given that they are all under water now, is this a good time to move them? Are there any negative consequences of this? + +I want to move them to the ETF versions mainly as I have heard that ETFs result in lower cap gains recognized. +Take out cash in a mix of bill sizes in mid-December, have a box of small simple holiday cards and a pen in your car. It has been such a relief to be able to quickly write a card or over-tip people in my life for the holidays without a second thought. I did this essentially by accident this year and plan to do it every year going forward. +Hey, + +I know this will sound unbelievable and to be honest I still think I'm only dreaming, but 2 days ago I won cca. 42 000$ on a poker tournament. + +I'm 19 years and I grew up in an emotionally abusive family. I wanted to run away ever since I was (like) 12. Money was always the issue. For information, I live in Europe and finding a job in my country is very difficult. But now, I'M FREE. + +Reason why I came to reddit is to ask YOU what should I do with this money? I was thinking about renting a place (250$/month) or maybe even buying a place! + +I'm getting some miserable scholarship (300$/month) because of my social status and good grades. Anyway, in my calculations, I could live for 10 years WITHOUT getting a job!! Of course, I would get employed as soon as I could... + +What should I do? + +Rent? + +Buy? + +Invest? + + +EDIT1: Yes, I'm going to pursue playing poker but I'll keep it with minimum risks. I don't play cash game, only tournaments raging from 10$-200$ buy in. I won't raise that bar and I probably won't play poker till the next big tournament. Poker isn't gambling. Poker is a sport. + +EDIT2: For comments regarding I couldn't live for more than 2 years with 42 000$... Listen, my father and mother TOGETHER earn LESS than 10 000$ a year. COMBINED!! Do you realize that my parents work 4 full years for the money I earned in ONE NIGHT!! We are a 6 member family. Yep, we are poor as fuck, we don't eat meat every day. I know there will be some unexpected expenses, but living for 5 years would be absolutely no problem. Party life and all that isn't really for me, I'm in a long term relationship. + +EDIT3: Regarding family issues. My family is a mess. I don't like them nor they like me. If I left today, I don't even know if they would care. I just don't like to think about them and I try to have a positive view on life, so I wouldn't want to 'cut them off'. Eventually, they would HAVE TO find out how I got the money, they wouldn't be particularly happy about it, but what can they do... IF they found out that I posses this sum of cash NOW, they would turn into wild animals. + +EDIT4: Leaving country isn't an option. My education is here, I can't just throw that away. Yes, I'm in the EU, but in one of those shitty nations. Setting some cash aside only for poker is a good idea. 5k's is a bit too much, 2k. I haven't told anyone. I haven't spent a penny. + +CONCLUSION: Thank You all for your advice, you've been very helpful. + + I thought a lot about what I'll do. My plan is to wait. 2 years ahead I'll see how my college works out. I applied for a professor assistant job on my college, there is a big chance I'll get this job in the next 5 years and once you do get this job - you're financially set for life. If I get the job, I'll move out instantly. Without that job, I honestly think moving away would be (somewhat) a bad idea, but I don't think I'll last for 2 years since I'm living in a very toxic environment. Backup plan is renting a small place (nothing bigger than 30 m2, which would cost me around 150$ a month). Yeah, and I'd had to be very economic, crawling back isn't an option. Waiting begins. + +Here is mine. +Ticker :SPY +1. Buy when RSI hits below 30% line. +2. If it continues to fall add one more position. +3. Sell half at RSI crosses 50% +4. Sell all once RSI above 70% && candle still patterns shows reversal pattern. +Success rate is 65-70% +What the market is going to do tomorrow has no effect on you. Imagine how many investors are losing sleep at night because they are worried about whether or not the stock they are holding will gap up or down on Monday. This is especially bad when trading options, from my experience. I know that day trading is not easy, but if you can find a good system and have the mental fortitude to stick to it, you’re gold. Both red days and green days are opportunities to make money. + +Why do you love day trading? +Have seen some twitter post in various reddit subs of “official companies” that post a false statement about the company and the chart next to the false statement tanking in 500-1000M values. All those stock tankings are based on HFT algo that react in miliseconds of news drop. To me this is peak comedy of how “advanced the algo’s are”. +DGX token. + +&#x200B; + +ERC 20 token that is backed by physical gold kept in vaults ( and they claim its audited ) + +&#x200B; + +1 DGX = 1 gm of gold spot price , so a trader can get exposure to gold price *without* buying physical gold + +&#x200B; + + [https://digix.global/dgx/](https://digix.global/dgx/) + +\^\^ this is their website + +&#x200B; + +&#x200B; + +has anyone bought it ? is this company legit ? +Sometimes I feel like the whole world understands crypto. I keep forgetting how recent it was that I spent days of my life trying to wrap my head around just wtf Ethereum was. And I still have no friends who are interested in talking about it. +I discovered this sub in 2016 and realized that FI is important to me, so much that it's now one of my two goals in life. But in 2017 I did miserably - only saving 18% of my income when I'd planned for 40%. This year I got really close - did 33% which in numbers was double the amount!! There were some medical expenses that prevented more saving + I really love going out drinking and I didn't have the discipline to reduce it as much as I wanted. + +New things that I did this year: + +* didn't touch my bonus - saved all of it +* increased my credit card repayment minimum (almost fully repaid) +* made sure I have an untouchable emergency fund of 3mo income +* doubled the automatic transfer to a retirement account - in my country I cannot invest in the market either local or international (we're kind of isolated like that) so my only option is stupid retirement accounts with banks or insurance. +* stopped traveling on vacation +* went out less & to less expensive places; drank less per night out, and stopped eating out. + +So basically in 2016 42% of my income went to savings + supporting my parents and 58% to general expenses whereas this year I reversed it and 58% is going to savings and parents. + +For next year I'll be looking to do maybe 45% saved (at least 40%) and definitely reduce what I can in expenses. I'll also shop around for better interest rates with banks. I'll try to get seasonal work that I could do during vacation - this would help for small extras. I will also try to get a decent raise from work. I don't know what I could do further, I already live with parents and don't have a car. Might you guys have some ideas? +I’m 20 years old know a little knowledge about dividends but love them. I’ve been investing in dividend paying ETFs or stocks a little under a year now and when you receive the dividend it feels amazing. However I don’t ever see any posts about the $DIV ETF since it yields just under 10% and is a monthly payer. I’m just wondering why everyone isn’t in it or talking about it and why? +[https://www.axios.com/facebook-market-value-surpasses-trillion-first-time-cf8c2052-68f3-44cf-b87a-e56c8ba8fdab.html](https://www.axios.com/facebook-market-value-surpasses-trillion-first-time-cf8c2052-68f3-44cf-b87a-e56c8ba8fdab.html) + +&#x200B; + +>Facebook's market value surpassed $1 trillion for the first time Monday, after a federal judge [dismissed an antitrust complaint](https://www.axios.com/judge-dismisses-ftcs-antitrust-complaint-against-facebook-b4612f7a-2f82-4462-91d3-36612c56416e.html?stream=technology&utm_source=alert&utm_medium=email&utm_campaign=alerts_technology) from the Federal Trade Commission. The move pushed shares up nearly 5%. +> +>**Why it matters:** Despite a record level of regulatory scrutiny, Facebook's value continues to soar. The company has [experienced enormous growth](https://www.axios.com/facebook-stock-q1-earnings-revenue-34e097e0-3179-4675-ad26-8b1400739f1a.html) over the past year, as more people turned to its services to communicate and shop during the pandemic. +> +>**The big picture:** Facebook joins just a small handful of other companies that have recently joined the $1 trillion club. [Apple](https://www.investopedia.com/investing/apple-1-trillion-company-now-what/), [Alphabet](https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html), [Microsoft](https://www.theverge.com/2019/4/25/18515623/microsoft-worth-1-trillion-dollars-stock-price-value) and [Amazon](https://www.marketwatch.com/story/amazon-is-officially-worth-1-trillion-joining-other-tech-titans-2020-02-04) have surpassed $1 trillion in market value in the past few years. +I had a post a few days ago asking what I should invest my first $2,000 in, now I’m debating wether now is the wrong time and if I should just wait due to how wild the market is and with the new omicron variant..? +This isn't FUD and I'm not a shill +This isn't financial advice either. + +Seriously I know I'm not the only one here who hasn't ever had a real win before and imagining yourself being wealthy is almost too much for your brain to handle. I know I can't be the only one here thinking "life is gonna throw me a curb ball and I'm gonna be force to sell all my stock to cover some bullshit" and then the rocket will take off and you'll continue to be poor forever. I know I can't be the only thinking "If I sell all my GME right now the MOASS will happen right after". + +But I'm also sure I'm not the only one who thinks all this and says "fuck it let's buy more". I'm either becoming rich or at the minimum I get to day dream of being rich. + +I'm not fucking selling! So thanks fellow apes for your patience and understanding. E + +👐💎👐🚀🌕 +So I'm a recent college grad, struggling to get by. My job barely covers my loan repayments, etc, you know the story. + +Back in 2009, I was living at home, had a high end gaming computer, and a bit of an interest in bitcoins. I did some mining, I spent a little bit on some coins, it all seemed like a bit of fun, but I didn't have much invested, or think much of it. I wasn't really sure what I'd use them for, and kinda just forgot about them as I went through school, and got a job, and real life was happening. + +Today, while trying to scrape money together for rent, and having seen a few posts on reddit about bitcoin, but not really paying much attention to them up until now, it occurred to me that I might have something worth something there! + +I dug out my old external hard drive, downloaded the bitcoin client and loaded the wallet. I have 971 bitcoins. + +I don't have a mt gox account, I'm struggling to stay financially afloat, but I've got a wallet with 971 bitcoins. What the hell do I do? I'm not a financially savvy person, I have no idea if what mt gox is currently saying is realistic, but if it is, I appear to be rich...? + +Help! + + +EDIT: When I said "rich" that was rather hyperbolic. What I've always aspired to is to own a house, work a job that I like without the worry of living pay check to pay check, and go on holiday every now and again. I'm not going to be blowing it all on blackjack and hookers. I'd like to go back into education to get my masters degree in chemistry, as I've got my bachelors, and I'm struggling to make rent with my lab tech job - student loans are crippling me. +For those of you that have or are close to hitting your FI number, how long did the first 50% take vs. the second 50% ? I've seen many people mention how much faster the 2nd 50% was. + +I finally hit 1/3 my FI number. It took me 11 years of saving 25% of my gross salary. This was before I learned about FIRE so I didn't track saving as a percentage of net. I just know that I was going to want to 1) take some time off to travel and 2) retire early. + +Six months ago I changed jobs, got a raise, and moved from a HCOL city to a LCOL am now saving 60% gross and 75% net. I'm hoping to hit 50% of my FI number by the end of next year. That's 12 1/2 years since I started. + +Logically, I know that my savings rate increase and having a large investment balance will significantly affect when I hit FIRE but it feels like this is taking forever. I could really stand to hear a few success stories, especially about how much faster the second half of your accumulation phase was. +Hedgies have done everything to largely ignore us, likely accepting that they won't be able to get us to sell anyway and their prime concern was others jumping on the rocket. + +From FUD articles to bullshit corporate news coverage shitting on us and endlessly referencing gambling sub as if it held any sway. + +The long running approach has been to prevent the common investor from considering this as an option, but as you all know that's recently changed. + +The DRS rug pull was a shot directly at DRS AND at us, couple that with the dip we're seeing and they wanted to mimick a sell off within the ape community which we know is impossible as we're all far too highly regarded to know how to sell, let alone within CS. Legitimately, I haven't bothered to figure out how to sell in CS, figured I'd watch a YouTube video on it during MOASS. + +Anyway, I highly suspect the plunges in crypto months ago, then the manufactured failure of FTX was all them setting the stage for the final game ending rugpull. + +Months of psyops came to a head as they tried to hurt apes wallets, unfortunately for them we've mostly gone with one massive egg in a single basket and that shit doesn't matter to us. + +Their hope on this most recent attack has been to convince us with a DRS rug pull that not only will we not get there but that apes are selling. Next to manufacture a dip (while buy to sell ratios are still through the roof) to make it look like the sell off has lead to an end of this. + +If they're taking shots direct at the most hardened, diamond handed and fanatic investors on the planet they either have to be desperate to end this or to drop the price to avoid margin calls. + +It's not about the legacy investors, the boomers or those on TikTok willing to jump into something with their spare cash. It's about us, they need to target us, it went from large dips not shaking us, run ups not shaking us, months of sideways trading and manufactured boredom not shaking us. Now they're trying to go after DRS in tandem with a bullshit dip. + +If this change in approach from them doesn't show you how serious this is getting for them you're more regarded than I, which at this point I don't know would be a good thing or a bad thing because I'm pretty fucking highly regarded. + +Within the last 2 years I feel like there's been periods of time where they ignored us focusing primarily on the wider world view of GameStop. Naturally early on especially there were violent moves against us but boredom hasn't worked and I think the ever increasing DRS numbers and a cash flow positive GameStop has really shaken them. It's crunch time for them and this needs to end before they do. + +They never expected a bunch of fickle and fearful retail investors to dig in and commit en masse to this play the way we have. We've broken every mold of investor they've ever dealt with. Hell two years ago I would have never expected a random collection of international regards to be so fucking diamond handed. + +Either way, we continue to buy, take advantage of this dip and continue to stack those purple rings. + +Get fucked hedgies. +Taproot is a soft-fork which was introduced to the Bitcoin network on 14th Nov (last month). Binance made an announcement saying that they would support the Bitcoin Taproot upgrade for all withdrawals and deposits. + +*"Binance will handle all technical requirements involved for all users holding BTC in their Binance accounts."* + +^((Source:) [^(https://www.binance.com/en/support/announcement/8578eea0104f439c85f50fbdc99bf7c2)](https://www.binance.com/en/support/announcement/8578eea0104f439c85f50fbdc99bf7c2)^()) + +Users tried to withdraw their funds to their PT2R address, Binance changed the address on their end to P2WSH address and transferred the funds to the newly created address- effectively burning Bitcoin of the users. They are also refusing to refund the lost bitcoin to the said users. + +**NO EXCHANGE should EVER change the address to a different address.** They'll just end up burning the assets of the customers. + +^((Source:) [**^(https://bitcoin.stackexchange.com/questions/111440/is-it-possible-to-convert-a-taproot-address-into-a-native-segwit-address)**](https://bitcoin.stackexchange.com/questions/111440/is-it-possible-to-convert-a-taproot-address-into-a-native-segwit-address)**^())** + +Often times I hear about people who reach a $1 million net worth yet they don’t feel wealthy or satisfied at all when I believe that this should be viewed as a tremendous accomplishment. Getting to $5 million is impossible if you never reach $1 million. + +I view $1 million as the ticket to true wealth yet many people down play the idea of $1 million. So my question is, at which million did you feel wealthy enough and how did you get there (stocks - what was your strategy, real estate, crypto)? +I moved into my girlfriend's tiny 1 bedroom apartment about 8 months ago (we're both early 30s, no kids), and the lack of space is starting to drive us crazy, so we're looking to upsize. Problem is, we live in a very high COL west coast city, rent is crazy expensive. + +She is from an immigrant family and grew up poor, with a lot of struggles to finally get to the point of having a good career and income in the past couple years. She went through a rough patch about 4 years ago and went into debt, missed rent payments, almost got evicted, got her car repossessed. Since then, she's worked hard to get mostly out of debt and now has a solid career. On the other hand, I grew up comfortably and my parents helped me thru college and kept me debt free into my early 20s. My credit is impeccable, never missed a payment of any kind. + +We've been looking at larger places but have now been denied everywhere we apply because of her history. I honestly could afford to pay most of these places myself if I really had to, but she's like a poison pill. I've asked landlords if they'll just let me sign the lease myself, but they all have said she needs to be approved and on the lease in order to live there. Basically, no unofficial subletting. + +Any advice? It's getting to a point where our relationship ~~might be in jeopardy~~ is coming under significant stress due to cramped living quarters and lack of personal space. +Hi. As title says, I am selling my house and the sale is expected to go through in a month or so. After paying off the remaining mortgage I will have about £135k left. I’ve arranged to purchase a new house using the £135k as a deposit, but it won’t be ready until March/April next year. So, from around October - April I’ll have £135k in my bank account. I can’t invest it in shares or anything as I can’t take even a low risk as I need it as a deposit, but am wondering if such a large amount of money can get me any decent interest anywhere over that 6 months? + +Edit- thanks for all of your replies. I’ve decided to go for premium bonds and easy access savings account. Thanks for all of the messages re crypto options - I am looking to start investing in crypto soon (just not with my house deposit) so they’ve been helpful too. +Seriously. + +How many more times are we going to bite on hype backed by unverifiable DD? + +5? 10? + +It's been 125 long years since I joined this saga last January, and I genuinely don't understand what's real and what's not in this sub anymore. It's very difficult for me to tell right now whether people are muddying the waters of understanding because they're genuinely confused, or if they have ulterior motives. + +One thing I do know, however, is that shorts haven't closed and GameStop is in the process of building an awesome business. I also know that Gamestop posted the number of directly registered shares on their 10q for a reason. This is the closest they can legally get to telling us to directly register our shares themselves. + +I simply don't understand why we're discussing anything else on this sub. This is the solution. This is the only thing retail can do to help themselves. + +No one else is going to help us. + +The SEC won't (duh). Gamestop's hands are most likely tied legally. Literally every other entity in the financial world wants us to fail. + +There's no other way out. Until we forcibly remove our shares from the clutches of the DTC, nothing will change. We're playing in their house by their rules and they will continually pull the rug on us. + +Genuinely ask yourself: + +* Do you think it's a coincidence that we see options hype pushed before every big expiry date? +* Do you think it's a coincidence we see future's/swap hype pushed right before they change swap reporting requirements? +* Do you think there are any regulations or payment due dates they don't know about months before us? + +I don't. + +They know every single theory we have and they're very familiar with the system they've built for themselves. I think for over a year they've been carefully dragging our collective balls/ovaries through the glass of hype and subsequent disappointment when nothing they build up comes to fruition. + +DD is what got us here, but the next step in our evolution is realizing that we have to de-prioritize it to focus on DRS. The market is simply too opaque for us to verify any theories and we already have the answer. We need to stop taking chances. + +To clarify, I am not saying DD writers are shills. I think the vast majority are not, and they've contributed greatly to the sub and the general spread of knowledge about this fucked up situation. I am saying that if you care about the price of GME and your rights as a shareholder, you should take a second and really ask yourself what purpose non DRS/Computershare posts serve in the sub at this time. + +We know we already have the answer and we know they're trying to distract us. Why would we open the door to literally anything else? + +I think it's easy to forget the real world implications of the ideas and opinions shared on this sub. It's easy to forget the magnitude of situation. + +If what we believe is true, it represents nothing less than the erosion of global market integrity. We have unwittingly stumbled into the middle of one of the greatest financial crimes in history, and we have the opportunity to make the perpetrators pay exactly the amount they owe, not some class action lawsuit or slap on the wrist fine. We are in the extremely fucking rare position of being able to actually change something by hitting them in the only place they feel anything; their wallets. + +Given this context, what else is worth talking about right now? Seriously, ask yourself. + +If there's even some possibility of us being right, then no amount of boredom is worth diluting the message of how to solve it. We need to be singularly focused because distraction is their primary weapon at this point. Anything we can do to spread the word about DRS or increase rates of DRS should be done. Even if every post on here was a purple circle and it only increased rates by 1%, that's worth it. + +Cite the Ally debacle for further evidence that DRS works and we will continue to be fucked unless we forcibly remove shares from their hands. + +There is no quick or easy solution. Registering 60 million shares is a very tall task and will take a very long time. We need to expedite this process as much as possible because before long we might not have a sub to communicate these messages on and DRS rates will grind to a halt. Make no mistake, they are planning how to fuck us over around the clock. They will buy reddit. They will lobby for laws that prevent direct registration. They *will* fuck us over if we give them enough time. + +They're definitely shitbags, but they're also some of the richest, smartest, and most powerful people in the world. They will stop at nothing, do not give them a chance by prolonging the process or procrastinating. + +The opportunity you have been presented with is very unique. Don't let it go to waste. + +**DRS is the only thing that matters.** +Has anyone else's company already started talking of scaling down their head count? I've had two senior people at my company mention it as a possibility already, and I've had it suggested to me to find as much work to do as possible to up my chances of not being cut. + +I saw this coming; but I'm surprised at how quickly everything went from "Yay, we should expand" to "Who's next up for the chopping block?". + +Throwaway used to reduce my chances of joining the dole queue. +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? +Hello all, + +I am attempting to raise kids who are financially aware but generous, thoughtful of others but still good to themselves. + +I have a pre-teen with ADHD who is a gift giver. It's her love language. She is very thoughtful and caring in general. She gets a few dollars a week from us to do with as she wishes. She almost always chooses to spend most of it, and her birthday and holiday money, on gifts for her new classmates, neighbor friends, and cousins. She especially splurges on gifts for them when she realizes her money has been piling up. I know I shouldn't get involved and should let her do with it as she wishes, but it bothers me that she gives and gives and doesn't consider what she herself might want for herself (now or in the future). She insists that she doesn't want anything but doesn't consider that she could purchase larger items she wouldn't otherwise be able to afford if she just held onto the money. She insists that she'd rather purchase gifts. + +I fully understand that if this is what she wants, this is what she should be able to do. + +At the same time, I'd like to know, what have you tried with your kids that helped them develop meaningful realizations and evolve in their use of their money, without taking away from their developing independence? What suggestions do you have for helping my kid make informed money choices (whatever they may be), instead of only emotional or impulsive ones? +I’m a 28-year-old male one year out from my college degree and will graduate with very little debt but also pretty broke. I’m falling in love with this girl who has a $30,000 car note and a CHILD, she has no formal education other than a high school degree and is a waitress who makes at best $35,000 a year. Financial stability is very important to me as I grew up pretty poor. The baby daddy is not in the picture nor does he provide any type of child support and I feel like if I want to be financially stable diving into this relationship could put years in between me and that. it’s still early enough I could pull the ripcord, I just don’t know what to do. + +EDIT 1: Thanks for the replies so far!!! It's very helpful to get some outside perspectives. So much of this feedback shows me that its important to dive in with a solid decision no matter which direction I go! People have been successful walking away to find a more viable partner and people have been equally happy settling down. + +EDIT 2: This is my first post in this sub! Thank you so much to everyone for the support and insight. +**This is to be honest the best news since the DIDI fiasco and all the news of many Chinese companies pulling their IPOs from the US market. Speculation of delisting of existing companies was ripe. But I guess China doesn't really want to kill their tech going IPO here as long as they follow all the rules that the govt lays down on them** + +China will continue to allow Chinese companies to go public in the U.S. as long as they meet listing requirements, China’s securities regulator told brokerages late Wednesday, according to a source familiar with the matter. + +A series of regulatory actions in the last few weeks has heightened investor concerns that Beijing is trying to block foreign capital flows into Chinese assets. + +The cross-border stock listings can also occur using the variable interest entity structure, the source said, citing the regulator. It refers to a legal structure which allows international investors to access shares of Chinese companies in the U.S. + +The regulator recognized the structure is a vital way for companies to attract foreign capital, but said it would have to be adjusted if there were national security concerns, said the source, who requested anonymity due to the sensitivity of the matter. + +China Securities Regulatory Commission Vice Chairman Fang Xinghai held a virtual meeting with major investment banks on Wednesday, the source said. It followed days of sharp selling in Chinese stocks on fears of increased regulatory crackdown by Beijing. + +Bloomberg first reported news of the meeting. + +Chinese stocks listed in Asia and the U.S. — including big names like Alibaba and Tencent — plunged in the last several days as Chinese authorities increased scrutiny on tech companies over monopolistic practices and data security. + +A policy document that began circulating widely Friday called for Chinese after-school tutoring companies to become non-profits, sending the stocks plunging by double-digits in Hong Kong and the U.S. + +The policy specifically banned tutoring companies from raising money through the stock market or having foreign investors, particularly through the variable interest entity legal structure that allows international investors to access Chinese shares. + +The speed and breadth of the policy surprised many. Goldman Sachs on Monday downgraded Chinese education stocks on expectations the after-school tutoring market would “shrink significantly” — to less than one-fourth its current $106 billion size. + +However, **the securities commission’s Fang said the policy was intended to reduce the burden on parents — not shut off foreign investment — and the education companies will have as much time as needed to restructure, according to the source**. + +The securities regulator did not immediately respond to a CNBC request for comment. + +https://www.cnbc.com/2021/07/29/china-to-still-allow-ipos-in-the-us-securities-regulator-csrc-says.html + +I found out a year and a half ago when I tried to apply for my first credit card that there were fraudulent accounts taken out in my name. Long story short, figured out it was my mum (my middle name was used to open each of the accounts and i've always hated it and never used it, she regularly used one of the catalogue sites and has a spending habit). When I first asked her, she said "don't you dare accuse me of something like that" with a bright red face, so I already knew. When I said I would report it, she confessed. She tried to blame it on financial problems due to supporting myself and my brother through uni, all the while buying expensive designer things and going on several holidays a year. I wanted to report it because she trashed my credit score, but I just couldn't bring myself to do it. I also wanted to cut her off, but my dad left when I was 8 and I never saw him again, I couldn't really bare the thought of having no relationship with either of my parents. She set up a payment plan to pay it off and we didn't talk for months. When we started talking again, she had paid a chunk of it off (it was around 2k total). I was very naive and wanted to be able to trust her, so when she told me it was paid off I believed her (very naive I know). She had come into inheritance money and was buying bags upwards of £900, so she certainly wasn't struggling for money, so why wouldn't she pay it off? Fast forward a couple of months, and I recieved a collections letter for the other half she hasn't paid off, although she has been on 3 holidays so far this year. When I asked about it, she said it was being paid off monthly. This was another lie. I told her to pay it or I would report it, and she paid it upfront. I have cut contact with her, and haven't told my brother or any other family members, even though I want to. (My brother is older and would have noticed a long time ago if she had done the same to him). I feel so betrayed and just really foolish, I should have been checking my credit reports. I don't really know how to move forward from here, at the moment I want absolutely nothing to do with her. Can anyone who has gone through a similar situation give me some advice? I'm just so disappointed and feel very alone in this. +I know this varies case by case but I’m wondering for those that have some fairly standard guidelines in place like close at 50% profit, does that apply to both CSP and CC? I could see with CSP that capturing the gain and moving onto opening another position makes sense and best use of buying power in a given amount of time. You can open a CSP on a different stock if an opportunity arises. For CC, you’re locked into selling options on just the one stock so do you still close early and reopen on the next green day or more often let the position decay close to the maximum amount? +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. +Hi guys, + +I was curious to get a range of networth-to-income by age. I think it would provide an interesting benchmark. + +When I say income, I think it would be helpful to only include your employment/business income, not your investment income that you're re-investing, ex. Dividends. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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This isn’t training, so should I be doing this? + +Another employee is also being asked to update databases with the latest pricing and create sale packages. + +What’s the general consensus here? +I got into crypto during the last Bull Market in 2017. So most of my time here we've been in a Bear Market. And being in a Bull market for a few months has almost completely wiped the memory that we ever were in a Bear market for me, and also it almost makes it feel like the Bears will never come again, even though they most certainly will. Can anyone relate? +I'm googling graduate pay etc and it seems to be much higher and I have experience. I think they lowballed me an offer and I had accepted thinking it was the norm pay at the time. +Credit to u/Raught19. I did not write any of this. Just wanted to spread the word + +Estimations for the total payout of GME based on Share Price. 🦍🚀🚀🚀 Yes all those numbers are possible because Math 🦍🚀🚀🚀 + +Because apes keep asking and saying that 1k, 100k, 500k, 2m, 10m, 20m is impossible, I've decided to help people out with learning how to use Geometric Mean. This lets us estimate the price per share as people jump off at different points on the way up, which is expected, everyone has a different price point, just as different sell points are expressed. + + +Geometric mean is basically an average of numbers that have exponential growth. For Apespeak, Bananas that grows more bananas as you eat them. You take the Max share price you expect, and then the current shareprice, and you calculate the Geometric Mean. This article explains it better than I can, I just am a retarded ape that loves crayons with colors out of space. + + +https://corporatefinanceinstitute.com/resources/knowledge/other/what-is-geometric-mean/#:~:text=What%20is%20Geometric%20Mean%3F,investment%20or%20an%20investment%20portfolio + + + +For argument's sake, we are going to use 150% short, so 75 million shares that need to be covered. The numbers below are the peak Price per Share, Total Payout of GME, and overall price per share for the payout. +So without Further ado + + +1k per share price total payout would be $33,525,000,000 @ 447 per share (Geometric Mean) + + +5k per share price total payout would be $75,000,000,000 @ 1000 per share (Geometric Mean) + + +10k per share price total payout would be $106,050,000,000 @ 1414 per share (Geometric Mean) + + +42k per share price total payout would be $217,350,000,000 @ 2898 per share (Geometric Mean) + + +69k per share price total payout would be $278,550,000,000 @ 3714 per share (Geometric Mean) + + +100k per share price total payout would be $335,400,000,000 @ 4472 per share (Geometric Mean) + + +500k per share price total payout would be $750,000,000,000 @ 10000 per share (Geometric Mean) + + +1m per share price total payout would be $1,060,650,000,000 @ 14142 per share (Geometric Mean) + + +2m per share price total payout would be $1,500,000,000,000 @ 20000 per share (Geometric Mean) + + +20m per share price total payout would be $4,743,375,000,000 @ 63245 per share (Geometric Mean) + + + +TLDR: In summation, its really not as much as a payout as you think, regardless of its Peak. So you might say "Hey wait! X price is too damn much! We'd bleed the world dry and awaken Elder gods!" And I say, "Nay fair Ape, you'd only cause Azathoth to roll over. There will still be a world left to enjoy your tendies. Even at 20 mill per share." + +🦍🚀🚀🚀🦍🚀🚀🚀 +Pelosi is using deep ITM call options (again). + +She just exercised 10 million in $MSFT shares on 03/19. $MSFT then launched a 22 billion military deal. She sits directly on relevant committees. + +She also just bought 1 million $RBLX on 03/19. + +[Link to data](http://unusualwhales.com/i_am_the_senate). +People love Apple products for their finish and beauty. But the latest line of Macbooks looks completely stupid. Only USB-C ports. Which means you need converters if you have an iPhone or an Android phone. If you want to connect a monitor via Thunderbolt or HDMI, you need a converter there as well. All your existing Apple cables are meaningless as well. Only 16GB RAM is not enticing either for Software Engineers. + +I am not going for iPhone7 since I love using my standard headphone jack which can be connected to my car, my headphones or speakers in the gym. I was waiting eagerly but I am not going to buy new Mac book either. + +I, personally, use to love the products but I am thinking of bailing out of the Apple shares at this point. On the other hand, Microsoft has opened up better support for Software engineers with Bash on Windows. I won't be surprised that Software Engineers would be inclined to give Microsoft a chance. + +Just like Intel, one of the largest customers of Windows, stayed at Win XP for a long while, my guess is that [companies with large Mac fleets](https://9to5mac.com/2013/11/27/how-google-manages-over-40000-macs-without-much-help-from-apple/) just won't upgrade anytime soon either. +I currently live with my parents and take public transportation to work every day. It takes roughly two hours door to door each way - sometimes a little more, sometimes a little less. My day looks like this: + +Wake up 5 A + +Drive to train station at 5:40 A + +Get on train 5:54 A + +Get off train 7:15 A + +Get on (free) shuttle 7:30 A + +Arrive at work 7:45 + +Start at 8 A + +Leave work between 6:30 - 8:30 P + +Get home between 8:45 P and 10:15 P + + +Then repeat M - F. + +I don’t pay rent but I do pay for the train which is about $450 / mo. I know many people may ask why I don’t just get a car, but traffic is so bad during rush hour plus the cost of gas / tolls / insurance etc. It doesn’t really save me much time or money because it’s still far regardless. + +I’m looking at an apartment now that’s $900 + utilities (this is with roommates and considered a good price. apartments here are expensive). It would also be $82 monthly rail pass. However, I could wake up at 6:30 instead of 5 and be home at a more reasonable time. I can afford this with my income (avg about 3,200/mo) but obviously won’t be saving nearly as much. + +I’m just curious as to WWYD? Part of me thinks this move might give me a better quality of life (and more sleep) but I also don’t like the thought of spending a little more than double the amount I currently do when I don’t *have* to. I don’t love the commute but I know I can do the commute, although I do get really tired throughout the day. Is it worth it to spend more? +Hi. I don’t have any QYLD so this isn’t personal - I do not have skin in the game. Just an observation after pretty rudimentary reading of how QYLD works. If I am wrong - please let me know. + +For most, reduction of income volatility is a huge reason to invest in dividends. Dividends tend to be sticky so even if market tanks, you will still keep getting the same or even increased stream of dividends. Yes I know - sometimes they get suspended… but it isn’t the norm. + +Now it is my understanding that QYLD pays their dividend as a % of QQQ index. So if you are getting $100/month now, for example, and QQQ is down 25%, then you end up getting only $75? (Is my understanding correct?) + +If above is correct, then I don’t really see any benefit of it: no stability of income stream, subpar growth, and 60bps fee. + +What am I missing? +Today I saw a post talking about a fallen ape, it hit me, the amount of people we’ve lost from January until now. I’m a humble XXX holder, UK ape. I want to see a change, the MSM is horrid, it knocks me sick. The stuff they get away with. + +But I don’t hold so I get rich. I hold so I get money that I can spend on people I care about. For people I’ve never met that deserve better + +It’s all fun saying “wen lambo”, but I think it’s a VERY small percentage of us that’ll actually buy for themselves + +I think the majority here will give back. + +To be honest, I can’t wait to give back, to children’s hospitals near me, to buying the less fortunate meals. I won’t post about it, I won’t record it, I don’t care about that. I just want to be able to make a difference to peoples lives + +That’s why I hold + +A better future for the many + +And I’d like to think there’s so many of us that think the same way + +I love you guys and gals +Appreciate insight from people on the after-phase of their working careers... + +Suppose your job was *okay* but you didn't really like it. Nevertheless, you keep working and saving because you are afraid of risk so you want to be conservative and save more than necessary. You finally pull the plug because you are down to a 2% safe withdrawal rate which you know is ridiculously cautious. You have financial freedom but you also realize you have saved way more than you really needed to and you could have quit work years earlier. + +Basic Question: Do you regret this? +It's not processing, it cleared yesterday(Nov 16th) and I now have $350 less on my balance. The last two charges I have from that Wendy's are from Nov 10th($2.35 & $5.35). + +I'm not counting on keeping the $350 credit, but what is the law regarding this? Will they just take it back at the end of the month? I have no idea why or how this could have happened? How long should I wait before I do consider it mine free and clear? + +EDIT: Okay, just to curb any more comments, this mystery was solved by /u/bruinhoo. After calling Amex to confirm, it was indeed the sign-up bonus placed in the name of the vendor whose sale put me over the threshold to qualify for the bonus. Thank you again for clearing that up <3 +https://tradeblock.com/bitcoin/tx/23e2e8453fd9d00fc38833e996e042c35d60f5ac2196a2462a44930323694c17 + +I think it's just mind blowing to know that this is a transaction that: + +* only requires 2 participants: a sender and a receiver. There are no middleman involved. + +* is impossible to censor. Nobody can stop this transaction from happening. + +* does not require anybody's permission. + +* requires no identity on both ends. Actually, it doesn't not even require a human being. + +* is unalterably written into history and this is even more so as time passes and hashes get stacked on top of them. + +* can cross borders just as easy as it can cross the internet. As a matter a fact, this transaction might just +as well have been sent from mars. +I've read advice that for *most* people, not paying off student loans is the best strategy. There's the chances that the debt might be wiped, dont't have to pay if you are below the threshold, saving for a deposit instead, investing to get better returns and a whole bunch of other reasons One thing I think might be underestimated is how much you earn. + +MSE has a handy calculator to help with this: https://www.moneysavingexpert.com/students/student-finance-calculator + +What I find quite surprising is that starting at a salary of 30K and with a debt of 50k, you will pay off the equivalent of the loan over the 30 year period. Starting any higher or with an assumption that your salary might increase quicker then 2% annum (change jobs could do this) means you will be paying a significant sum much higher then your loan. + +Are we underestimating the amount of people that will fall into this camp? +I get around £1,200 pcm between work and UC. + +I invest £50 into a S&S isa, I put £300 into a normal savings account and then I put £50 into my son’s isa. + +I currently have a help to buy isa, with just under £1000 in it but I’m thinking of transferring this into a lifetime isa. Where is best to set this up? My bank doesn’t have one. I’m hoping to start putting in the £300 a month from my normal savings into this once I’ve got a 6 month emergency fund. + +Edit: the only debt I have is a phone which I’m paying off monthly (5 months left), I’ve got a AMEX BA credit card so build up points for travelling with my son which I pay off every month in full. +Part of what attracted me to algo trading is the potential possibility of financial freedom. A long term goal of working for myself. + +Having an entrepreneurial background, I've always spent my freetime creating things within the scope of my skill set (software). This usually meant games or applications. + +However, when I am trading.. I am not creating anything. There is a small part of me that does not sit well with this, as all I am doing is buying and selling assets for financial gain. But on the the hand, part of me thinks its unrealistic without giving away most of my time, to develop other projects on my own and still live a life. + +&#x200B; + +Has anyone ever struggled with this sort of thinking? I guess it comes down to at the end of the day what I really want to do. I've just wondered if other people have had these same thoughts and how they have dealt with it. +I'm really hoping to complete my bot that trades on the 1 minute timeframe. Backtesting some months are fantastic other months not, positive overall. I've still got some filters to implement to avoid dodgy market conditions but was just wondering how much of a disadvantage I'm putting myself at, with the trade costs and higher chance of fluctuations hitting stop losses. + +If you are profitable, how sophisticated is your algo? Do you use normal technical analysis methods or proprietary math and statistics? Thanks guys. +Do you manually adjust your strategies in response to changing market conditions, or try to develop strategies that work in all market conditions? If the former, how do you decide when to switch? +My mom lives on the coast of Florida. She’s 74 and in good health - walks every day and eats well with no real pressing issues minus slightly high blood pressure. She has no real credit card debt to speak of. + +She’s never spoken to me about finances until I pressed her recently to see how she’s doing - at which point she told me she has less than 50k left in her retirement funds. + +Her current plan is to sell her house (she estimates getting about 375k for it and has no mortgage), downsizing to a lower cost of living town and finding a house for under 200k - then putting the difference into savings. + +While this seems like a pretty good plan of attack, I still think she needs some financial education on how to keep tabs on her money so that she can live on her retirement (let’s call it between 150 and 250 depending on how much money she gets for her house plus moving costs etc). + +I’m looking for ideas on how to help, which I think she would welcome. + +- Should I try to find her a financial advisor to have a one-time sit down with to go through her finances and come up with a plan? + +- I think I have to get a handle on where her money is right now (how it’s invested), but what is the smartest way for her to have money invested when she is already retired? I only really know about how to build retirement savings, not manage money in retirement. + +- What’s the best way for my sister and I to help financially? Just deposit some money into her bank account every month? Set up an emergency fund for her? Neither of us are making the big bucks but we can certainly do a little to help get her to a good place. + +- Am I missing anything? Anyone have some good ideas as to how to handle this situation? + +As always thanks for the advice. + +*Update* - Didn't expect so many responses this quickly. I'm getting great advice and a good mix of perspectives - keep em coming! Thanks again! + +So far, based on the comments, my plan is to: +1) ask her if she's comfortable sharing all her financial information with me and make sure she wants me involved +2) get a handle on how much social security income she has, and look at her average monthly spending, figuring out the difference +3) take a look at her retirement funds to see how/where they're invested, and whether there is a safer route for that money +4) look into how her medicare works, and how/what future costs will get paid... with special interest into how long term care will play out in her state +5) see if there are any property tax subsidies for her age or other ways to cut costs +6) see if she's open to opportunities for fun/social part time work that could be good for her mental and social health, as well as the pocket book. i doubt she'll be open to a roommate, but offer as an option +7) make sure she's collecting SS from my deceased father (my guess is yes) + + +Best options seem to be: +1) sell the house and find a small condo/apartment in an area she likes or perhaps closer to me, if it seems like this is feasible. +2) rent the house, and use the rental income to pay for a smaller apartment for her while also adding to her retirement fund +3) keep house if she doesn't really want to move and come up with a strict budget, with monthly help from her kids (monthly help will probably come regardless of which option she choses) +I have a question regarding some of my coworkers retirement. I am retiring in one year at 41 and have been saving my entire life to achieve that goal. +I recently started a new job and I was asking the people I work with about the 401k plan. I work on the road with 5 other people and all of them do not have a 401k or any other retirement. They range in age from mid 40's to mid 50's. +One guy said he couldn't afford to pay into a retirement, but everyday we went out to eat at a restaurant. Eating out twice a day is expensive and our company does not reimburse us for food. +All of us go out to eat and I know they could easily save by not eating out everyday. +I guess I don't understand the mindset of people who do not save anything for retirement. Does anyone have any insight on why people don't save for retirement? I mean who wants to work until they are dead? + +Hello pennypeople, this is my 2nd DD :) + +[Last one](https://www.reddit.com/r/pennystocks/comments/lcpdsj/stock_with_great_upside_potential_abeo/) is up 38% in 2 trading days! + +The company I looked at is **Kintara Therapeutics** + +Market cap is only **$51.79m**! + +&#x200B; + +**ABOUT** + +**Kintara Therapeutics** ($**KTRA**) is a clinical stage drug development company. They focus on developing and commercializing anti-cancer therapies to treat cancer patients. They are developing two late-stage, Phase III-ready therapeutics, including VAL-083, a DNA-targeting agent for the treatment of drug-resistant solid tumors. + +**Catalyst** + +[Q1 data announcement on](https://scr.zacks.com/News/Press-Releases/Press-Release-Details/2020/KTRA-VAL-083-Poster-Updates-article/default.aspx): + +* MGMT-unmethylated newly diagnosed Glioblastoma Multiforme +* MGMT-unmethylated Recurrent Glioblastoma Multiforme + +https://preview.redd.it/t2ti8d0wfgg61.png?width=1757&format=png&auto=webp&s=2f23512d14cea67394261d4d8ccdf5d6d19d4c19 + +Kintara is completing **multiple** Phase II trials for VAL-083 to treat **brain cancer**, one of the most difficult malignancies to address. VAL-083 has several features that make it particularly appropriate for GBM, including its ability to cross the blood-brain barrier and its mechanism of action which introduces irreversible DNA crosslinks that are not easily overcome by MGMT repair enzymes. + +&#x200B; + +https://preview.redd.it/vzw6xl4jkgg61.png?width=1153&format=png&auto=webp&s=2284db49601803f80d75c95fda1d5aafeac3a0d1 + +No one is even talking about this company so if it gains some momentum the price target is quite fair. + +They also have an **earnings call on 11th**. + +&#x200B; + +**Financials** + +* Market cap $51.79m (low market cap shows potential for price growth) +* Avg volume: 736.61K +* Shares outstanding: 24.66M +* Short interest 154.88K +* Public float: 18.24M + +At September 30, 2020, the Company had cash and cash equivalents of approximately $22.6 million. In August 2020, the Company completed the private placement of Series C Convertible Preferred Stock for gross proceeds of approximately $25 million, or net proceeds of approximately $21.6 million. The cash and cash equivalents at September 30, 2020, along with the proceeds from warrant exercises received subsequent to September 30, 2020, are expected to be sufficient to fund the Company's planned operations into the fourth quarter of calendar year 2021. For the quarter ended September 30, 2020, the Company reported a net loss of approximately $19.5 million, or $1.33 per share, compared to a net loss of approximately $1.6 million, or $0.21 per share, for the quarter ended September 30, 2019. The increase in the current quarter was largely due to the recognition of $16.0 million of non-cash expenses related to the acquisition of in-process research and development costs associated with the Adgero transaction. + +**PRICE TARGET** + +The average price target is $5.75 with a high forecast of $7.00 and a low forecast of $5.00. The average price target represents a **273.8% increase** from the last price of $2.10. + +**Analyst target:** KTRA has a rating of **buy** on marketbeat, yahoofinance, marketwatch. + +**Their Platform Strategy** + +"Our platform strategy is built on a robust understanding of cancer biology. We use modern approaches in our laboratory studies to determine where we can solve problems in the treatment of drug and immune resistant cancer. + +Our team has identified niches in the continuum of care where our therapeutic may address an unmet need. By showing that our treatments are active where others fail, we can implement clinical studies to demonstrate that our therapies may have the ability to improve patient outcomes." + +Sources: + +[https://www.kintara.com/about](https://www.kintara.com/about) + +[https://finance.yahoo.com/quote/KTRA?p=KTRA](https://finance.yahoo.com/quote/KTRA?p=KTRA) + +[https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity](https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity) + +[https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw\_quote\_analyst](https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw_quote_analyst) + +[https://www.biopharmcatalyst.com/calendars/fda-calendar?#](https://www.biopharmcatalyst.com/calendars/fda-calendar?#) + +&#x200B; + +My position: 6.2% of portfolio @ 2.06 + +NB! I'm not a financial advisor. This is for gambling purposes only + +&#x200B; + +**EDIT: If you can get an entry below 3 ur a lucky bastard** :D + +Good luck on withdrawing profits and rejecting all the women who are after your money! +MSNVF + +**About Mission Ready Solutions Inc.** + +Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Special Operational Equipment (“**SOE**”) Tailored Logistics Support (“**TLS**”) contract administered by the United States Defense Logistics Agency (“**DLA**”), and Multiple Award Schedule contracts administered by the United States General Services Administration (“**GSA**”). + +Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“**Unifire**”), is one of six companies, globally, authorized to provide equipment and designated services under DLA’s SOE TLS program. Unifire is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, PPE and law enforcement products. As an incumbent awardee of the SOE TLS contract, with extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies. + +Mission Ready serves to prevent injuries and enhance the performance of military personnel, first-responders and all those serving on the front lines by equipping them with the next generation of personal protective equipment (“PPE”). Mission Ready Solutions Inc specializes in providing personal protective solutions to the global defense, security and first-responder markets as a product manufacturer and an experienced government contractor. Mission Ready leverages its privileged access to valuable federal procurement vehicles including the Special Operational Equipment (“SOE”) Tailored Logistics Support (“TLS”) contract administered by the United States (“US”) Defense Logistics Agency (“DLA”). Additionally, Mission Ready is an incumbent awardee of Multiple Award Schedule (“MAS”) contracts administered by the US General Services Administration (“GSA”). + +**contracts** + +* **government contracts**In September 2020, Mission Ready announced that, through its wholly-owned subsidiary, Unifire, Inc., the Company was awarded a total of 7 government contracts – for personal protective equipment consisting of disposable level 2 and level 3 isolation gowns (the “Isolation Gowns”) – with an estimated value of $127,878,307 and a maximum value of $435,723,020 (the “C&T Contracts”) to be fulfilled over a 12-month period. + +**Lyft contract** + +In June 2020, the Company announced that it had signed a one-year Master Services Agreement, dated May 31, 2020, with a leading transportation company (“PartnerCo.”) based in San Francisco, California whereby the Company will manage the sale of personal protective equipment and cleaning supplies (“Goods”) to drivers (“the “Program”). The Goods will be competitively priced at PartnerCo’s negotiated pricing with no additional PartnerCo markup. The Goods will be shipped directly to the drivers through Mission Ready’s distribution network. To start, a set selection of products will be available, including face masks (disposable and reusable) and disinfectants (sprays, packets and hand gels) – with additional products to be added based on driver demand and supplier availability. + +* **CAD $24 Million FEMA Contract Award** + +In May 2020, the Company announced that, further to its news release dated April 28, 2020, the Company had received a CAD $24,000,000 (twenty-four million) contract award (“Contract Award”) from the US Department of Homeland Security (“DHS”) Federal Emergency Management Agency (“FEMA”) for the provision of personal protective equipment (“PPE”) to be delivered between May 12, 2020 and September 30, 2020. In addition to the CAD $24,000,000 awarded to Mission Ready, the Contract Award included an option, exercisable at FEMA’s discretion, for an additional CAD $12,000,000 (twelve million) to be awarded to Mission Ready no later than September 30, 2020 (the “Option”), for an aggregate potential contract value of up to CAD $36,000,000. + +Things to Consider (not from me, but this is coming from a smart poster on ceo he sums up pretty much everything that's going on right now.) + +* The court case hasn't been updated since November 20th. (Perhaps a mutual agreement considering that the ceiling for SOE is being raised to 8B) +* The $350M is yet to be awarded. The National Emergency Stockpile is seriously lacking PPE. USA set a record in most Covid deaths just this week. PPE is badly needed. Nursing homes are lacking staff, not only in USA but all over the world. +* The 8B bridge contract is to be awarded in January 2021.(update: courtcase lost sadly [https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/](https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/) ) It will consists of the 2 new SOE players and hopefully Unifire/Quantico in the mix. Unifire has really improved the relationship with the DLA in the last 6 months, it appears. In terms of contract values awarded in 2020, Federal Resources was number 1, Atlantic Diving Supply was number 2 and Unifire 3. Big growth trajectory. +* What is going on with the investor deck for MRS? It was taken down late October and nowhere to be seen. I am thinking we see it early January perhaps along with a new site. +* Company mentioned that they may upgrade to OTCQB but it is very likely they just directly to OTCQX which they qualify for. Buck did mention underpromise and overdeliver, unlike Jeff's mantra, overpromise, underdeliver. +* Bratton and Spider Marks on Board of Directors is very telling. Two big names on such a small venture company is definitely an eye raiser. +* Q4 will be the biggest quarter in the company's history and it is ending today. Q4 will have revenues of $38M minimum plus the $50M+ on top of that according to FPDS. Likely Q4 is about 90M surpassing all of revenue up to Q3 of $62M. Gross profit range, 7-8%. +* Protect The Force has nothing to show for all year. The Ballistic Combat Armour industry keeps increasing, projected to be 27B in 2021. The company will truly propel to new heights if they could get a body armour contract. +* Options for the board of directors have been granted. Now we may see the management accelerate considering the incentive is there. +* ITG seems to be our market maker with some big purchases this week. They're there to promote liquidity and it has been apparent lately. +* The total shares outstanding have been reduced from 230M under Jeff to 213M under Buck. The current share structure is 189M with 45M + 20M options belonging to insiders. The majority of holders of MRS have huge positions and are hesitant to let go. This stock may accelerate quickly once the Americans are allowed to buy freely without worrying about selling. + +**Financials** + +**Results of Operations for the Nine Months**Ended September 30, 2020 The Company’s gross revenues for the nine months were **$62.44 million,** an **increase of $54.72 million from the $7.72 million realized in the same period in 2019**, a **709%** increase. This is a direct result of the closing of the acquisition of Unifire and reporting the revenues of Unifire from April 2019. The Company recorded a cost of goods sold of $56.90 million for the period ended September 30, 2020 compared to $6.45 million in 2019. The **gross margin was 8.87%** for the period. . The Company derives approximately 97% of its revenues from customers and clients where the end customer is the US Department of Defense, law enforcement or private security + +MY DD + +[https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#](https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#) + +GOOD DD + +[https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/](https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/) + +Mission ready solutions discord + +[https://discord.gg/8UD5UsPM5V](https://discord.gg/8UD5UsPM5V) + +Last time i tried posting people bombarded me about the balance sheet, the debt people see on the balance sheet is servicing debt, they take from a line of credit to buy the items for the contracts and when the items are delivered they collect the money from the customer and anything extra after paying back their line of credit is profit[http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/](http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/) + +&#x200B; + +valuation coming from [https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares](https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares) + +[currently at 30C](https://preview.redd.it/o80yb3pc25c61.jpg?width=4032&format=pjpg&auto=webp&s=b3a4669c424638d74257c5f1b5346ee90071aef2) + +current price now at 30c + +This is not financial advice dyodd +Ever since early last week, when the mysterious 87,000+ bot army arrived out of nowhere at 10:58 pm pacific time (when there had typically been 10-15,000 online) there have been strange happenings that reveal their intention- which is to create confusion & division between apes by forum sliding & downvoting to prevent posts from gaining traction. IMO the overall intent is to get apes to lose interest, lose faith, sell, or buy something else, as well as to deter anyone who comes to this sub looking for information. Below is a snapshot from the night the army first appeared. At 10:58 pm early last week on Monday night, pacific time: + +**Invasion: An extra 70,000 online users appear out of nowhere** + +[This was originally taken at 10:58pm Tuesday night, last week. The 1:26pm time stamp appearing above it was the next day, when I went to edit so I could add the green arrow. This time of evening, mid-week, there have always been between 10,000 & 15,000 users give or take. On that special evening, it got up to more than 87,000 before moving back down to its usual numbers. These additions and subsequent removals of the higher numbers took place over a 3 hour window, give or take. I'd love to know what actually happened there, outside of a \\"glitch\\" explanation. ](https://preview.redd.it/86053omcjez91.png?width=357&format=png&auto=webp&s=caec090f838ac0bf369f25f7dd59848f9a33d765) + +That’s usually the time when I get online to see Parsnips’ Diamonte-hands posts, and there has never been a large number of users online (typically around 10k)- until, and ever since, that one evening of the bot invasion. + +&#x200B; + +**Using It As A Control tactic to suppress posts that don’t fit the narrative they wish to push:** Another point related to the new bot army is that sometimes there are huge gaps of time between posts in new, like 30-60 minutes, even when there are a significant number of online users. This could demonstrate that posts are getting downvote by these bot armies, or they are being suppressed or deleted somehow. See below for an example that shows close to 20,000 users online, yet 53 minutes passing between new posts, evidence provided in photo below: + +[Scrolling through \\"new\\" and the most current post is 54 minutes old, despite having almost 19,000 users online. There are never more than a couple minutes between posts with this volume of users online. I believe this to be evidence of bots\/shills downvoting. I know this has been a thing for some time, but the recent addition of 70,000+ new users being awoken from sleeper cell status has now created enough strength in numbers to basically allow them to suppress any post they want. ](https://preview.redd.it/iocoqchvkez91.png?width=427&format=png&auto=webp&s=287b64e60067929ee4c7b63aa424fd990d01450e) + +I believe these are just signs that we are getting closer and closer to endgame. + +Btw, if there have been any posts by mods or apes that explain the HUGE increase in online users that one night early last week, I didn’t see it and respectfully request that someone share it in comments if it happened. I want to ensure mods and others know that I am not accusing anyone of anything inappropriate here; I’m simply asking for clarification, other than “glitch”. **What actually happened that night?** + +TLDR: Efforts have been increased to create confusion and fear, in an attempt to get apes to doubt their convictions, lose confidence, and sell - as well as to scare off any new potential investors. Don’t fall for it. This is my opinion, not financial advice. + +Buy/HODL/DRS/Shop/Chill, and see you all on the moon! +*EDIT1: I originally said 100% of positions should be DRS'd, however, as apes pointed out, then selling shares from CS will give the shorts more life. So Ive changed my opinion to less than 100% DRS, but preferably more than 90%. Thanks for the corrections fellow apes!* + +*EDIT2: After further discussion, I cant say I fully believe that selling from CS once MOASS has REALLY begun (forced closings from margin calls, price in the xx,xxx's and beyond, etc.) will give the SHF's any power. At this point, I think even if a real share gets thrown back into the DTCC, the SHF's will be so deep in the trenches of closing their shorts that they wont be able to do anything to stop it. However, none of us know how this is going to play out, and it is possible that they could pull shit none of us anticipated. Im curious to hear what more apes think about this. Will selling a share from CS after MOASS is rolling hurt the squeeze? Or will SHF's be too bent over at that point?* + +OG POST STARTS HERE: + +Okay, let's take a step back for a moment and reflect on where we're at, and where we have to go. + +I see so many apes here who have only registered a portion of their total share count, some as low as 10% that I've seen. Of course a lot of apes also have registered 100% or damn near that of their personal position. With this pretext in mind, let's do some quick math with the data we have available. + +Let's assume our bountiful & holy DRSBOT is getting an accurate reading of the room and the avg. amount of shares per ape equals out to 198 (using bot data around the time of posting this). I'm a little bit skeptical that the average is around that high, but thats probably the best data we can use for this thought experiment. We have about 65k accounts. 65k x 198 = 12.8 million shares registered. + +If, on average, apes who have DRS'd so far have done so with only 50% of their position...THAT WOULD MEAN... + +IF ALL THE SAME APES WHO REGISTERED SO FAR HAD DRS'D THEIR ENTIRE POSITION, WE WOULD BE AT ROUGHLY 25 MILLION SHARES (OR ROUGHLY 40 FUCKING PERCENT OF THE FLOAT!!!!) Literally twice as far along as we are now, if youre a dirty banana loving smooth brain and cant compute(rshare) what Im spittin. + +Of course, I am pulling the 50% position DRS/person straight out of my hairy ape ass. There's a chance the average % is higher than 50. But what if it's not? What if its even lower? + +What if the ones who've registered so far only DRS'd an average of 30% of their positions? We'd have already registered around 42 MILLION SHARES OR 66% of the mothafuckin floatin boat. + +Now to be fair - I only originally DRS'd 50% of my position, because even I was hesitant to start. After thinking about it like this, Ive decided to put in the transfer request for ALMOST ALL my remaining shares to CS. +***EDIT***: I will be 95% balls deep in CS with the shares that BELONG TO ME. + +I understand some apes may have reservations about DRS'ing most of their position. I dont want to tell anyone what to do with their money...as this is NOT FINANCIAL ADVICE. + +If this sounds like you, and you are on the fence, I would urge you to educate yourself of the benefits of DRS'ing your shares. Personally, I think moving 90% or more of your shares into Computershare is a great way to stop SHF's from using your own shares to short the stock that YOU love. After all, they should be YOUR shares, right? Not some slimey fucking IOU that these asshats give you and are using to breed synthetic shorts. If all apes that have DRS'd already were to DRS 90%+ of their positions, MOASS might just be around the fucking corner. + +TL:DR +Personally, I think the best thing any individual investor here can do is DRS close to 100% of their position as possible (or whatever you are comfortable with). Now your shares are yours, and the MOASS will start so much sooner if all apes wake up to this simple, simple fact, and make the individual decision to protect their investment. + +PULL THE PLUG ON THESE SHF'S WHO HAVE BEEN ON LIFE SUPPORT SINCE JANUARY!!! + +WE HAVE WORK TO DO & WE'RE NOT FUCKING LEAVING!!! +**Disclosure: This is not investment advice. I own shares of GME. I like the stock. This is purely my opinion and these numbers have not been audited.** +--- +**Round 2**: Ding, ding, ding. Here's my previous [analysis](https://www.reddit.com/r/wallstreetbets/comments/lspbb5/gme_dd_analysis_of_options_expiry_on_226_and/) + +--- + +**TL;DR**: The data indicates that squeezes could be on the way. + +--- +**Analysis** + +Currently: Roughly $227m in value, or 11.6m shares, (call-put) are in the money. + +* At each $10 threshold up to $150/share, approximately 1m shares come into the money at each increment. +* At $160/share, approximately 2m shares come into the money. + +&nbsp; + +Since rate of delta change is the highest around each strike price (meaning gamma is also largest). It would lead me to believe that a ton of shares will need to be bought to hedge these positions as these share price amounts are passed (creating a sequence of gamma squeezes). + +&nbsp; + +**If price were to squeeze up to $810/share (~56b market cap): + +* The net calls in the money would exceed the float.** This is insane! Even if calls were covered on the way up by buying the underlying, it's not possible to cover more than 100% of float +* 8m shares would come into the money creating a huge gamma squeeze +* This in turn would create a massive short squeeze (even if current short reporting is accurate, which is somewhat questionable at this point, there are more net calls alone that need to be covered to exceed float, which means shorts would be squeezed not just because of the price, but also because of share lenders calling shares. P.S. - Not sure how this works, so would like to hear others weigh-in if they understand this better) +* Really, hitting this price seems like it would create a squeeze of epic proportions + +&nbsp; + +As of 3/3 close: (Call Value ITM - Put Value ITM) = **>$226m** | Call Shares ITM - Put Shares ITM = **>11.5m** + +--- + +**Data** + +&nbsp; + +Here's the call-put at various different prices. + +&nbsp; + +|close price|call-put value|call-put shares|% of float|market cap +|--:|--:|--:|--:|--: +| 100 | -$201,809,550 | 6,835,400 | 15.2% | $7b +|110|$10,521,350|9,778,800|21.7%|$8b +|120|$226,704,750|11,592,100|25.7%|$8b +|130|$446,365,250|12,925,800|28.7%|$9b +|140|$669,720,750|14,056,700|31.2%|$10b +|150|$894,626,250|15,208,300|33.8%|$10b +|160|$1,129,840,250|17,105,300|38.0%|$11b +|170|$1,366,069,250|17,670,700|39.2%|$12b +|180|$1,605,351,750|18,202,100|40.4%|$13b +|190|$1,847,982,750|18,695,800|41.5%|$13b +|200|$2,093,079,750|19,494,900|43.3%|$14b +|210|$2,351,539,750|21,391,700|47.5%|$15b +|220|$2,611,682,750|21,638,200|48.0%|$15b +|230|$2,873,648,250|22,053,100|49.0%|$16b +|240|$3,138,199,250|22,466,600|49.9%|$17b +|250|$3,405,997,250|23,338,600|51.8%|$17b +|260|$3,679,676,750|24,481,600|54.3%|$18b +|270|$3,954,336,250|24,657,400|54.7%|$19b +|280|$4,229,638,750|24,801,000|55.1%|$20b +|290|$4,505,858,750|24,948,400|55.4%|$20b +|300|$4,783,059,750|25,351,500|56.3%|$21b +|310|$5,073,186,250|26,944,700|59.8%|$22b +|320|$5,364,298,000|27,189,100|60.4%|$22b +|330|$5,658,580,000|27,605,400|61.3%|$23b +|340|$5,955,671,000|27,963,300|62.1%|$24b +|350|$6,253,594,000|28,084,700|62.3%|$24b +|360|$6,556,845,000|28,649,400|63.6%|$25b +|370|$6,862,032,500|28,867,000|64.1%|$26b +|380|$7,168,371,000|29,016,600|64.4%|$27b +|390|$7,475,723,500|29,127,600|64.7%|$27b +|400|$7,783,850,500|29,250,500|64.9%|$28b +|410|$8,105,302,000|30,614,100|68.0%|$29b +|420|$8,427,259,000|30,695,200|68.1%|$29b +|430|$8,750,625,000|30,869,200|68.5%|$30b +|440|$9,075,446,000|31,042,300|68.9%|$31b +|450|$9,400,534,000|31,107,800|69.1%|$31b +|460|$9,728,535,000|31,430,100|69.8%|$32b +|470|$10,056,809,000|31,484,600|69.9%|$33b +|480|$10,385,370,000|31,545,700|70.0%|$33b +|490|$10,714,482,000|31,629,000|70.2%|$34b +|500|$11,044,436,000|31,819,200|70.6%|$35b +|510|$11,387,898,000|33,292,500|73.9%|$36b +|520|$11,731,749,000|33,374,100|74.1%|$36b +|530|$12,075,914,000|33,435,900|74.2%|$37b +|540|$12,420,559,000|33,513,000|74.4%|$38b +|550|$12,765,594,000|33,583,900|74.5%|$38b +|560|$13,113,141,000|33,932,800|75.3%|$39b +|570|$13,460,868,000|34,100,400|75.7%|$40b +|580|$13,809,225,000|34,290,800|76.1%|$40b +|590|$14,157,787,000|34,374,400|76.3%|$41b +|600|$14,506,602,000|34,414,800|76.4%|$42b +|610|$14,862,204,000|35,107,200|77.9%|$43b +|620|$15,217,948,000|35,128,000|78.0%|$43b +|630|$15,573,943,000|35,156,900|78.0%|$44b +|640|$15,930,174,000|35,187,000|78.1%|$45b +|650|$16,286,864,000|35,242,800|78.2%|$45b +|660|$16,646,145,000|35,509,400|78.8%|$46b +|670|$17,005,750,000|35,544,100|78.9%|$47b +|680|$17,365,355,000|35,546,300|78.9%|$47b +|690|$17,725,404,000|35,592,900|79.0%|$48b +|700|$18,085,453,000|35,597,700|79.0%|$49b +|710|$18,450,950,000|36,147,300|80.2%|$50b +|720|$18,816,447,000|36,152,400|80.2%|$50b +|730|$19,182,837,000|36,246,800|80.5%|$51b +|740|$19,549,227,000|36,263,800|80.5%|$52b +|750|$19,916,583,000|36,377,400|80.7%|$52b +|760|$20,283,939,000|36,389,300|80.8%|$53b +|770|$20,652,936,000|36,565,300|81.2%|$54b +|780|$21,021,933,000|36,594,700|81.2%|$54b +|790|$21,393,815,000|36,912,600|81.9%|$55b +|800|$21,765,697,000|37,047,300|82.2%|$56b +|810|$22,217,511,000|45,175,200|100.3%|$56b +|820|$22,669,325,000|45,175,200|100.3%|$57b +|830|$23,121,139,000|45,175,200|100.3%|$58b +|840|$23,572,953,000|45,175,200|100.3%|$59b +|850|$24,024,767,000|45,175,900|100.3%|$59b +|860|$24,476,680,000|45,186,500|100.3%|$60b +|870|$24,928,593,000|45,186,500|100.3%|$61b +|880|$25,380,506,000|45,186,500|100.3%|$61b +|890|$25,832,419,000|45,186,500|100.3%|$62b +|900|$26,284,332,000|45,187,200|100.3%|$63b +|910|$26,736,550,000|45,218,400|100.4%|$63b +|920|$27,188,768,000|45,218,400|100.4%|$64b +|930|$27,640,986,000|45,218,400|100.4%|$65b +|940|$28,093,204,000|45,218,400|100.4%|$66b +|950|$28,545,422,000|45,220,100|100.4%|$66b +|960|$29,000,108,000|45,468,600|100.9%|$67b +|970|$29,454,794,000|45,468,600|100.9%|$68b +|980|$29,909,480,000|45,468,600|100.9%|$68b +|990|$30,364,166,000|45,468,600|100.9%|$69b +|1000|$30,818,852,000|45,468,600|100.9%|$70b +|1010|$31,273,538,000|45,468,600|100.9%|$70b +|1020|$31,728,224,000|45,468,600|100.9%|$71b +|1030|$32,182,910,000|45,468,600|100.9%|$72b +|1040|$32,637,596,000|45,468,600|100.9%|$73b +|1050|$33,092,282,000|45,468,600|100.9%|$73b +|1060|$33,546,968,000|45,468,600|100.9%|$74b +|1070|$34,001,654,000|45,468,600|100.9%|$75b +|1080|$34,456,340,000|45,468,600|100.9%|$75b +|1090|$34,911,026,000|45,468,600|100.9%|$76b +|1100|$35,365,712,000|45,468,600|100.9%|$77b +|1110|$35,820,398,000|45,468,600|100.9%|$77b +|1120|$36,275,084,000|45,468,600|100.9%|$78b +|1130|$36,729,770,000|45,468,600|100.9%|$79b +|1140|$37,184,456,000|45,468,600|100.9%|$80b +|1150|$37,639,142,000|45,468,600|100.9%|$80b +|1160|$38,093,828,000|45,468,600|100.9%|$81b +|1170|$38,548,514,000|45,468,600|100.9%|$82b +|1180|$39,003,200,000|45,468,600|100.9%|$82b +|1190|$39,457,886,000|45,468,600|100.9%|$83b +|1200|$39,912,572,000|45,468,600|100.9%|$84b +|1210|$40,367,258,000|45,468,600|100.9%|$84b +|1220|$40,821,944,000|45,468,600|100.9%|$85b +|1230|$41,276,630,000|45,468,600|100.9%|$86b +|1240|$41,731,316,000|45,468,600|100.9%|$86b +|1250|$42,186,002,000|45,468,600|100.9%|$87b +|1260|$42,640,688,000|45,468,600|100.9%|$88b +|1270|$43,095,374,000|45,468,600|100.9%|$89b +|1280|$43,550,060,000|45,468,600|100.9%|$89b +|1290|$44,004,746,000|45,468,600|100.9%|$90b +|1300|$44,459,432,000|45,468,600|100.9%|$91b +|1310|$44,914,118,000|45,468,600|100.9%|$91b +|1320|$45,368,804,000|45,468,600|100.9%|$92b +|1330|$45,823,490,000|45,468,600|100.9%|$93b +|1340|$46,278,176,000|45,468,600|100.9%|$93b +|1350|$46,732,862,000|45,468,600|100.9%|$94b +|1360|$47,187,548,000|45,468,600|100.9%|$95b +|1370|$47,642,234,000|45,468,600|100.9%|$96b +|1380|$48,096,920,000|45,468,600|100.9%|$96b +|1390|$48,551,606,000|45,468,600|100.9%|$97b +|1400|$49,006,292,000|45,468,600|100.9%|$98b +|1410|$49,460,978,000|45,468,600|100.9%|$98b +|1420|$49,915,664,000|45,468,600|100.9%|$99b +|1430|$50,370,350,000|45,468,600|100.9%|$100b +|1440|$50,825,036,000|45,468,600|100.9%|$100b +|1450|$51,279,722,000|45,468,600|100.9%|$101b +|1460|$51,734,408,000|45,468,600|100.9%|$102b +|1470|$52,189,094,000|45,468,600|100.9%|$103b +|1480|$52,643,780,000|45,468,600|100.9%|$103b +|1490|$53,098,466,000|45,468,600|100.9%|$104b +|1500|$53,553,152,000|45,468,600|100.9%|$105b +|1510|$54,007,838,000|45,468,600|100.9%|$105b +|1520|$54,462,524,000|45,468,600|100.9%|$106b +|1530|$54,917,210,000|45,468,600|100.9%|$107b +|1540|$55,371,896,000|45,468,600|100.9%|$107b +|1550|$55,826,582,000|45,468,600|100.9%|$108b +|1560|$56,281,268,000|45,468,600|100.9%|$109b + + + +&nbsp; + +**Source**: [Yahoo! Finance](https://finance.yahoo.com/quote/GME/options?p=GME) + +*I pulled all options expirations date available.* + +&nbsp; + +I would appreciate if others can contribute to (and expand upon) this analysis. + +&nbsp; + +**Finally**: This is not investment advice. I own shares of GME. I like the stock. +I have a part time job as a waiter, I almost put 40 dollars a week into a savings account. But I do not know what to do with it. I want to start saving and making money in my sleep as soon as possible. What should I do? THANKS! + + +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.*** +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +We all know the worst nightmare is to have a recession during the first year of retirement. I've been reading on variable withdrawal rates and there are countless approaches. I'm curious to hear from people who went through this. What was your plan? How well did it work out? What, if any, do you wish you had done instead? + +My rough idea is to build some cash buffer through CD ladders, enough for about 3 years of expenses. And to withdraw between 0-5% based on market returns and total portfolio value. Curious to hear your thoughts! +It’s in a good area DFW, TX with good school district, near a golf course, good neighborhood, no HOA. I am able to afford it with no issues. Thinking of putting a house on it in the future as a rental. +I am seeking advice on pros and cons and next steps after purchasing. +I have been discouraged to buy a second lot (currently have one in a community). Their point was I could put the same amt of money in index funds and it will grow much better with no extra gutting for taxes and repairs that I would have to shell out if owning a rental. + +Edit: it is located in a city next to a locally known affluent city with a much higher property tax rate. I called the County (who owns it and is selling it through a broker) and found out it was not initially meant to be sold to keep the concept of openness in the neighborhood. It is part of a lot chopped into 3 and this is the last one to be sold. I couldn’t find the two people/ entities who bought the other two just to see what they are planning to do with it and get info as to their plan with the sewage line. +The appeal of the lot for me is the location and accessibility to two big cities and the two new headquarters that just moved to the area. +“The preliminary agenda includes Federal Reserve stress tests, housing markets, and the proposed Council report to be issued under the Executive Order on Climate-Related Financial Risk.*” + +Oh, my. My tits sense jacking imminent. + +Follow the asterisk after “Climate-Related Financial Risks” and you’ll find this disclaimer: + +“* In accordance with the Council’s Transparency Policy, which is available at www.fsoc.gov, the meeting will be held in a closed session to prevent the potential disclosure of information contained in or related to investigation, examination, operating, or condition reports prepared by, on behalf of, or for the use of, an agency responsible for the regulation or supervision of financial markets or financial institutions; information which would lead to significant financial speculation, significantly endanger the stability of any financial market or financial institution, or significantly frustrate implementation of a proposed agency action; information exempted from disclosure by statute or by regulation, or authorized under criteria established by an Executive Order to be kept secret; trade secrets and commercial or financial information obtained from a person and privileged or confidential; inter-agency or intra-agency memoranda or letters which would not otherwise be available by law; and to conduct administrative business of the Council.” + +Economy r fuk. + +The climate-risk shit haunts me, man. I swear it has a double meaning. My previous posts on here have left me feeling insane but I feel a little more certain that there’s fuckery afoot. + +Source for wrinkles and digging: https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc/council-meetings + +Article that led to meeting: https://thehill.com/policy/finance/562432-yellen-to-lead-investigation-into-climate-change-risk-to-financial-system + +Quote that had titty senses tingling: + +“The Financial Stability Oversight Council (FSOC), which is chaired by Treasury secretary and comprised of U.S. regulators from the Federal Reserve System, Securities and Exchange Commission (SEC) and others, will do an analysis as part of an executive order that the president signed regarding the financial risks related to climate, “outlining a whole-of-government process to assess climate risk to the U.S. financial system and federal government,” Yellen said. “ + +We need eyes on the referenced executive order. Seems it was signed recently and is likely relevant. + +Before anyone jumps down my throat, economy go boom = GME go moon. + +Edit: including this post by u/I_DO_ANIMAL_THINGS concerning another meeting by the same committee held in March. https://www.reddit.com/r/Superstonk/comments/oh0mhl/remember_that_climate_change_meeting_in_march/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Executive order: https://www.whitehouse.gov/briefing-room/presidential-actions/2021/05/20/executive-order-on-climate-related-financial-risk/ + +Edit 2: I’ve been trying to find information about the Hedge Fund Working Group as our fellow ape in the referenced post did. I can’t find shit about it either… however, I did find this from 2016, the former Treasury secretary defines FSOC purpose: “The Financial Stability Oversight Council (FSOC), one of the pillars of Wall Street Reform, exemplifies this approach. FSOC, which includes federal and state financial regulators and is chaired by the Secretary of the Treasury, focuses on the stability of the financial system as a whole. FSOC was designed to keep our safeguards current, by keeping pace with evolving risks in U.S. financial markets, products, and institutions.” + +He went on to say this about hedge funds: + +…“Looking carefully at questions regarding asset managers, FSOC is taking a closer look at the use of leverage by hedge funds through the creation of an interagency hedge fund working group. While hedge funds have become increasingly important participants in our financial markets, no single regulator has the information necessary to assess fully the financial stability risks they may pose.” + +https://home.treasury.gov/news/press-releases/jl0692 + +There was a Vox article from 2016 titled “Treasury officials are warning hedge funds could create the next big financial blowup” + +https://www.vox.com/new-money/2016/11/25/13703286/hedge-fund-fsoc + +They knew about the risks posed by hedge funds years ago. Oof… + +Edit 3: Task Force on Financial Stability released their report in June of this year highlighting gaps in our financial system and suggestions to remedy. It’s loooong and I’m still reading through it, but chapter 7 is dedicated to clearing houses: + +“Were a CCP to fail, something that has not +yet occurred, the disruption to the financial system could be enormous. Even the fear of +an impending failure could result in a run on a CCP that would lead to large price dislocations because the consequences would be far- reaching and very hard for CCP members to anticipate, and the uncleared market has very limited capacity.” + +The Federal Reserve and Treasury/Repo markets are detailed on pg. 34. Gamestop is referenced on pg. 94. + +https://www.brookings.edu/wp-content/uploads/2021/06/financial-stability_report.pdf +There's minor construction being done at my building so employees are currently working remotely. This has been the case for the last week or so now and I'm realizing how much I miss the social aspect of work. I'm also somewhat bored with my idle time at home, although I'd have the same amount of idle time in the office - the main difference is that it would probably be filled up with small talk. + +I'm realizing I wouldn't enjoy this as my default state during RE. I've taken vacation before where I just stay at home and bum around, but this feels different. The odd part is that I never thought of myself as someone that craves social interaction. In fact sometimes I wish people would just leave me the hell alone at work. + +This was a good mini experiment that changed my perspective. Anybody have similar experiences that changed your mind about something FIRE related? +Im currently working through a deal that will net me a windfall. Not just retirement, but “FU money“. + +How do you stay cool, calm and collected when faced with moment in life of massive financial significance? Should I start meditating?. + +&#x200B; + +Edit- just wanted to say thank you for all the comments and support. Will keep you posted! + [u/DerGurkenraspler](https://www.reddit.com/u/DerGurkenraspler/) the OG DiamanteHande ape before u/Parsnip took over.. he said goodbye due to his Health issue . he deleted his accnt and never updated us about his condition. even German Apes know this and wondering how is he.. 🙏 Hope he is doing fine tho.. 💎🙌♾🕳 im Hodling for all of you peeps 🕹🛑🚀 I dont know you guys but i love you all 😎 + +https://preview.redd.it/b5at808xsqu71.png?width=200&format=png&auto=webp&s=ec022c924868f5fb7166048255cd8fdc44df9125 +https://www.bloomberg.com/news/articles/2019-08-08/u-s-rushes-to-ready-new-china-tariffs-as-companies-fret-damage?srnd=premium + +> The Trump administration is rushing to finalize a list of $300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as U.S. companies make a last-ditch appeal to be spared from the latest round of duties. + +> President Donald Trump’s announcement last week on adding a 10% tariff as of Sept. 1 to virtually every Chinese import that’s not yet subject to punitive duties took U.S. Trade Representative Robert Lighthizer by surprise, people familiar with the discussions said. Lighthizer and his staff are now under pressure to revise an initial list targeting more than 3,800 Chinese product lines based on issues raised during a public comment period and hearings. + +> The USTR is planning to publish the final list this week or early next, the people said. In that meantime, companies are making a last-ditch attempt at convincing the Trump administration not to impose duties or to drop items they import from the tariff list. + +> In a meeting shortly before the president announced the new duties, Lighthizer argued against the new tariffs. He instead urged patience to allow more time for a tariff increase in June to 25% from 10% on an earlier batch of $200 billion worth of Chinese imports to inflict pain on the Chinese economy, the people said. + +> A USTR spokesman disputed that account, and said the agency was following the same legal process as it had in previous tariff rounds. Trump decides when the tariffs will go into effect and USTR will publish the final list before the effective date, the spokesman said. + +> “Companies don’t plan by tweet,” Jon Gold, of the National Retail Federation, said. “These are all contracts that are already executed and cargo is on the water.” + +> After Trump and his Chinese counterpart Xi Jinping agreed on yet another tariff truce in late June, businesses didn’t expect another escalation this soon and felt like they had more time to plan, Gold added. Companies and trade associations are still trying to weigh in with the administration to make their case and potentially get their products taken off the list. + +> White House economic adviser Larry Kudlow this week signaled the tariffs could be called off before Sept. 1 if Beijing shows goodwill on buying American agriculture goods and getting back to the negotiating table. + +> “The president and our team is planning for a Chinese visit in September,” Kudlow said Tuesday on CNBC. “Movement toward a good deal would be very positive and might change the tariff situation. But then again, it might not.” + +> It’s not clear if businesses are able to submit requests for product exclusions once the duties are imposed. For previous lists, such an option was only available once the tariff rate was bumped up to 25%. It’s also not clear whether the Sept. 1 date applies to the date when the item arrives in the U.S. or when it leaves China -- a critical question for importers because of the amount of product that is already on the water traveling to America. + +> Of the almost 13,750 exclusion requests submitted for the initial tariffs imposed last year on $50 billion in goods, only 23% have been approved as of Aug. 2. About 60% were rejected and the rest are still being revised, government data show. Companies can file for exclusions in the last round of tariffs on $200 billion of products until Sept. 30. +Suppose you transfer $1000 from your old credit card to new one. The new card says 0% interest rate for the first 12 months, then 5% thereafter. It also says 10% rate on new purchases. In the first month of owning the new card, you make $50 worth of purchases. When the statement comes, you see a minimum of $27 for payment. You make a payment of $50 - covering your purchase for the month. You reason that this $50 will cover your purchase - so you will pay no interest on this. As for balance transfer, it's still within the 0% offer period. Cool! + +Next month when you get your statement, you see interest charges. What??????? Did they cheat you? + +No - not really. It's all in the fine print. Here's how it works. + +When you transferred $1000 to your new card, you have borrowed $1000 for 0% for 12 months, and then 5% thereafter. When you make a purchase, you have borrowed $50 at 10%. So there are two pots of money with two different interest payment rules. (In general, you may have many more pots each with different amounts and rates as the bank may offer special rates during holidays, etc. etc.). So when you make your $50 payment, the question the bank has to answer is: "Which pot do I apply this payment to?" + +Banks being banks use the "lowest interest pot first" rule. They will apply the monthly payment you make first to the lowest interest rate pot. If monies are left, they will apply it to the next higher interest pot, and so on. + +So in this example, your $50 goes towards the lowest interest pot - which is $1000 at 0%. So, the balance in this pot becomes $950. There is no more money in your monthly payment left. So your pot of $50 at 10% remains unpaid in the first month and accrues interest. + +(Notice that this behavior by the banks is EXACTLY the opposite of how you and I would pay down loans. We would choose the highest interest pot and pay it down first, and then the next highest, and so on. Our motivation is to pay as little as possible. Banks want to soak us for as much interest as possible.) + +When you transfer balances, remember this "lowest interest pot gets paid first" rule.... So if you balance transfers, DO NOT make new purchases on this card UNTIL you have cleared off the entire balance transferred.... + +The best rule of thumb, of course, is "Neither a Borrower Nor a Lender Be" (to quote Shakespeare) - use the card for its convenience, points, miles, etc. - but don't fall for interest payment traps that lurk in there. + +EDIT: Thanks to /u/subhuman1979, who pointed me at the Credit Card Act of 2009, it looks like the politicians did come to our aid. Banks, per this Act, are NO longer allowed to apply payments to "lowest pot" first. Instead, they need to apply any payments ABOVE the minimum to the highest pot first, and so on. This greatly diminishes the amount of interest one would pay. + +Thanks Washington! Now any takers on how fast they repeal this???? :-) +My parents started a college savings account for me when I was born, but thanks to scholarships and my parents very gracious contributions, I graduated with a large chunk of money still in the account. + +Now that I've graduated and opted not to go to grad school, I'd like to look into investing this money. I would like to keep some accessible for an emergency fund, but I also want to start on a retirement fund and potentially investing in a way that I could use it to help me buy a house. + +I've asked my dad for help, but he just said not to do anything right now. I feel like waiting is a bad decision, especially if I decided on something like an IRA account. I have next to no financial knowledge, especially around investment and saving. I am in the US, and I'm 23 if that matters. +I was just starting high school during the last major correction and I wasn't making my own investments as I am today. Just curious to hear how the market sentiment was prior to the housing bubble popping from traders who were as actively trading around that time. +I was recently at a healthcare conference and met someone selling software that actually competed with my offering. To my mild chagrin, they're doing it so much better than my company. Better interface, more efficient workflow, higher market penetration, basically everything we tried to do they're doing better. It's pretty impressive. + +&#x200B; + +I know the HCIT field, I know the tech stack they built this on, I know the founder's credentials and competency, and in my professional judgement, they know what they're doing with this product. Long story short, if they're interested I want to (either personally or through my own company) buy a smaller equity stake in their startup. I'm interested in basically being a silent investor, providing $X in exchange for Y% of the company and a seat or two on the board, but without an active role in the day-to-day operations. + +&#x200B; + +How would I got about starting this kind of conversation with the current owner? Like I said, I know enough of the product to judge its quality, and I believe I have the right connections to validate anything I'm told on the financial/legal/etc side. I just don't know how to broach the subject in a way that won't either scare them off or get them too greedy. Any thoughts? Thanks! +I grew up low income in a small town and am now in a VHCOL city in a demanding career. I'm in my late 20's and on track to fatFIRE later in life, and dedicated to doing so. Sometimes though after a long month or two of work, all I really want is to build a log cabin miles from anyone and sit in it alone to relax. I genuinely believe that a large city offers career advancement and network opportunities that can't be had elsewhere, but sometimes I feel cooped up and I'm looking for ways to extend the lifespan of my time in a big city environment without burning out. + +Growing up low income I have a hard time wrapping my head around the expense of 'spa days' and similar activities, but I need something to do that allows me to disconnect and the dinner and drinks on the town thing is getting played out. What have you folks done that's allowed you to relax and truly enjoy time spent in a large city? + +Edit: I got a lot of great responses and figured I'd put some themes up top. Thank you all, this gave me good stuff to think about! + +1. Time outdoors in nature (and brunch on the patio doesn't count!) - camping, fishing, stargazing, hiking, RV rentals...frequent enough to create balance. +2. Outdoor hobbies / activities - biking, sailing, surfing, skiing...this stuff all requires equipment to enjoy but it's good for the mind and body. Personally I've always been reluctant to spend on equipment but it sounds like it's time to pick a few of these and loosen the purse strings. +3. Consider buying a country home or a cabin, or even an RV - having a space dedicated to connecting with nature and disconnecting with work. If you can't buy it now at least begin budgeting the cash for it. +4. Take your PTO / personal days. +5. Engage in frequent digital fasting. +6. Last one from u/CoyotePuncher \- know the difference between burnout and lack of motivation. You can't find a solution until you know which of the two you're dealing with. +Hello, I've been living in a vehicle for about a year now. I go to trade school about 35 hours a week and I just got a skilled labor job. I can work pretty much as many hours per week as I want and I'll be making about $13/hr after taxes. I have a Pell grant which pays for my tuition and I spend the leftovers on tools and equipment. I have no bills or expenses other than food/gasoline, a gym membership and vehicle maintenance. The Pell grant has made me ineligible for food stamps. Food is a tricky situation for me. Since I don't have any way to store perishable foods, I must either eat out or buy non perishables. Eating dried or canned food everyday kinda sucks after a while so I end up eating out a lot. I know that's an expensive habit but it feels like I don't really have a choice sometimes. I've always been pretty bad with money. When I have money, I feel the urge to spend it which obviously just makes it go away quicker. I have a bank account but the balance has been close to zero for quite a while so I'm not even sure if it's still open. I've heard a lot of good things about this sub so I just wanted to get y'alls advice. Thank you. EDIT: I can't believe how many responses this got, thank all of you so much, there's some great advice here. + Hello everyone, there's been a lot of talk lately about what GameStop could possibly announce in relation to the [NFT teaser](https://nft.gamestop.com/). Most of the discussion I've seen has been about GameStop issuing a c r y p t o dividend ala Overstock, as discussed in this [DD](https://www.reddit.com/r/GME/comments/n0vtbu/how_gamestop_could_issue_crypto_dividends_and/). While I believe this is definitely possible, I also believe there is something much bigger they could do with it. This post was prompted by this comment from u/JustTheBigMan + +&#x200B; + +[Microtransactions](https://preview.redd.it/yeknixpoeh871.png?width=685&format=png&auto=webp&s=42bd539014174cb4412f8ef25ea037d1fbad4327) + + The big money in gaming is here, in **microtransactions**. As a fellow gamer, I do hate it. But as a GameStop shareholder, I absolutely think they should take advantage of it. People would shell out thousands for an exclusive skin/weapon used by their favorite streamer/Esports competitor. Even more if it was sold in an auction setting. + +To give you some examples of how much money microtransactions can bring in; + +GTA V is the best example in my mind of how powerful microtransactions are. It’s releasing on its third console generation because of the revenue generated from microtransactions. There was originally supposed to be single player DLC for GTA V [but it was cancelled](https://www.sportskeeda.com/gta/gta-5-throwback-rockstar-games-cancelled-plans-single-player-dlc) to focus on the online. Instead the developers decided to release free content updates to push microtransactions, and it's worked out pretty well for them. The game managed to make **over $500 million in microtransactions** in 2019 alone, and total mTX revenues were up 40% YoY in Take-Two's FY20 period. [source](https://www.tweaktown.com/news/72714/gta-had-record-microtransaction-earnings-in-april-2020/index.html) + +Genshin Impact is another great example. It is a free to play game and generated over $1 Billion from its mobile app alone ([source](https://www.forbes.com/sites/paultassi/2021/03/24/genshin-impact-1-billion-in-mobile-revenue-and-the-six-highest-earning-characters/).) Every dollar was from microtransactions. Loot boxes for new characters in this case. When this game first rose in popularity, there were countless sponsored streamers opening packs online, and convincing their viewers to do the same. It only takes a couple whales to make up for all the people who stick to playing for free. [This streamer](https://www.ggrecon.com/articles/twitch-streamer-spends-5k-genshin-impact/) spent over $5,000 trying to unlock a single character. + +This video from 5 years ago shows off some of the most expensive virtual items ever sold, and these are not NFT’s. [https://youtu.be/VUNRl3kAATk](https://youtu.be/VUNRl3kAATk). If you'd rather read then here is a similar [article](https://www.looper.com/339732/the-most-expensive-in-game-purchase-in-gaming-history/). If you’re not a gamer, I highly recommend checking out the above just to get an idea of what lengths certain gamers are willing to go, and to find out why someone spent $6 million on a virtual planet in Entropia Universe. + +How is GameStop going to make money besides game sales? How about by taking a cut of every Fornite skin sold through their marketplace. Or every weapon skin pack in the new Call of Duty. How about by creating an entirely new market for gaming collectors items. A signature adds extreme value to [art](https://seasideart.com/blogs/blog/artist-signatures-how-do-they-impact-the-value-of-art), [books](https://blog.bookstellyouwhy.com/bid/230218/How-a-Signature-Increases-a-Book-s-Value), and [sports memorabilia](https://www.psacard.com/smrpriceguide/sports-autograph-values/2/). Just imagine what it could do for gaming. + +&#x200B; + +# TLDR; The GameStop NFT might not just be a tool to smoke out the shorties, but also their next major revenue stream. + +&#x200B; + +^(This is not financial advise, obviously.) +I have been considering applying for degree apprenticeships however the universities they put you in aren’t as well ranked. On the flip side would a degree from a more reputable uni generally put me in a better position than a degree apprenticeship in say accounting or finance area? +Hi.Young investor here(23).I have been saving money since I was 18 because I was able to have a job and now I want to invest every month arouns 2,500$ in a dividend growth portofolio.I have been watching some guys on youtube named Joseph Carlson,Andrei Jikh and I did some research about myself and I know some things about this strategy.I am curios about three things. + +1.If there are any peoples who can show me their portofolio and tell me how many dividends they get every month as well as for how many years they have been investing.I want this because I am curios about the results of this investment. + +2.If I start investing the next month(april)2,500$ in companies that have a dividend yield at around 3%(or more) and they pay around 0.5 per share for how many years i need to invest or how much amount of money I need to be able to have let's say 2,500$ or more per month? + +3.If after let's say 15 years somehow I have a decent dividend every month(more than how much I can invest from my salary) should I invest from my salary?Or I can just invest the dividends and do whatever I want with the money that I was investing? + +Please help me.I need some advices from you guys before getting into this.Some notes:I think I will be able to grow my salary in the next 7 years so than I will be able to invest more.Thanks for taking your time guys. +I’m 19, I would LIKE to retire by 45. currently i’m investing about $800 a month, spread out weekly (i have recurring weekly investments set up for my stocks) My portfolio is sitting around $20,800 at the time of typing this. I started investing last year in March because that’s when I turned 18. My income is $50,000 a year. Before when I first started investing in dividend stocks, I was just investing in things that paid a good dividend but had no growth at all, for example JEPI, NUSI, etc. They paid a good dividend but they weren’t helping my portfolio grow, I sold them and put my money elsewhere. So now my goal is to buy dividend growth stocks. so stocks that don’t pay as high of a dividend, but still grow a lot in price, for example COST. COST doesn’t pay that much in dividends right now, but the growth from it is very good. Another example is AAPL, apple doesn’t pay much in dividends but it’s growing in share price. Anyways, here are the stocks and shares I have for all of them at the age of 19. Let me know if there’s anything you’d change or add if i’m missing anything! Thank you. +COST- 2.3 shares +MSFT- 4 shares +NVDA- 4.28 shares +TGT- 4.36 shares +VTI- 13.9 shares +AAPL- 16.91 shares +SCHD- 41.19 shares +O- 22.1 shares +AFL- 15.22 shares +DGRO- 19.42 shares +STAG- 26.03 shares +ABR- 58.7 shares +There was a time when *Diamond Hands* was our motto, now we are flipping NFTs. I can see this being picked up by the MSM and the narrative will focus on some obscene prices being asked. + +Post your NFTs by all means, but in my view that should only be if they are not relisted for sale. +Apologies for formatting, and the lack of a link to OG post. I'm on mobile. But you can easily get to it from my profile! + +Hi there. A few people asked for an update, so here it is. + +My manager invited me for an informal interview last week. He told me that It sounded like the higher ups were going to offer me 22K with travel benefits. After him outlining the job role etc. I negotiated to 24K with no travel. It was a mutually beneficial conclusion as my travel would of been over 4K for the year. We ended the meeting with him saying he would bring my proposal to the management meeting and see what they came back with. + +Today I got a call with him. Apparently his boss couldn't see a reason to offer me anything over 20K. My boss explained to him about me having to uproot my life for the role, as well as me being their only real option. Obviously I wouldn't of accepted the 20K but in the end they retracted their offer for even the 20K. My boss said he didn't want to insult me. He also told me they've "forced the hand" of one of the employees on the Isle of Wight. + +I'm not too sure what to think of all of this. Last I spoke to him this was their last option. So either the Isle of Wight employees came around (which I doubt) they really did force them to do the role (I also doubt) Or offered them a good sized wage increase. (more likely). + +So for now I'm going to stay in my current role. My boss said he could see me in a different role, so is going to let me know first when a new one comes up. But we shall see. + +Thanks for all the help in the original post, and for reading! +Where we need a reminder that, if you are wondering if it would be okay for you to go to the food bank: it is okay. Go to the food bank. It’s not shameful. You’re not selfish. You’re allowed to want more than just the ramen and ketchup packets in the back of your top cabinet. And if you have more than that, that’s okay too. Go get food. + +If anybody would ever judge you or mock you or think less of you for going to a food bank…do you really think they’re the kind of person you want to worry about the opinion of? + +Stay fed out there, friends. It’s a tough time. +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. +hey guys, could anyone point me to some useful reading materials, or share their own insights, on helping to decide whether to get the required private health insurance cover or just go through the public system for one's first baby? + +i've seen this discussed here before, and a lot of people seem to advocate for the public system, particularly in Victoria. i'm somewhat adverse to paying significant premiums and further out-of-pocket costs, just to get continuity of doctor and perhaps a longer guaranteed hospital room, when everything else is pretty similar (or perhaps it might not be, i'm pretty ignorant on the subject) + +thanks in advance for any advice or direction + +EDIT: wow, 160 comments and counting, and on a weekend, thanks for the input! +Firstly, I take my actions as a learning experience and it exposed a lot about myself. Fear drove me to sell. Laid-off from work and now I know I've been investing more than I could emotionally afford to lose. I feel 100 times better. Hindsight is a bitch. Please no condescending comments. + +edit: any solid advice on what I should do after selling? +I'm curious without prejudice how much people here will 'budget' for drinking, smoking or otherwise. I'm a 25 year old guy living in the West Midlands and my financial situation is pretty strong. I'm not sure how but I've accumulated a fair amount of money in savings (for my age/area) toward buying my first home whilst smoking a hell of a lot of weed. I typically spend about £200 a month on smoke (split between me and my other half), I do not drink or use any other recreational drugs. + +If drinking/smoking/drugs are problematic on a personal level is a topic for another day, I am purely interested in seeing how much people here set aside for narcotics payday-to-payday. Does anyone else calculate how much their 'habits' cost them? Do you make a conscious effort to manage them? +25f and England here. I currently have almost £24,000 in savings. I earn around £1,400 a month after tax. After graduating with a degree I regret at 21, I spent 1 year working in the field and hated it. I then decided to do an apprenticeship in IT and almost 1.5 years later I got laid off due to COVID, but I was still able to finish my apprenticeship. I then started my current job in the summer of 2020 and have been here since. So this is my first job after my apprenticeship and I'm quite new to the field. I like the work I do but the company is another matter. I currently live with my parents, and I'm not happy with how my life has turned out. I'm single and have no friends whatsoever. My days are so boring and I have no goals. Every month I save at least £1000 of my salary, but I don't know what I'm saving for. My monthly spending is mainly around travel (for work), lunch, mobile phone bill of £20. + +I don't really have anything to spend it on, so I save it instead. I don't have any debt. Occasionally I'll buy things like makeup and clothes to treat myself. I've thought about buying a flat, but it's more of a thought than a goal. I'm highly likely to stay single for the foreseeable future. Most of my savings go into premium bonds and the remaining goes into my Marcus savings account. My main current account is with Barclays, and I also use Starling. What can I do with my money that'll benefit me? Please can I have easy suggestions that don't involve investing (unless super easy)? I don't understand investing at all, it's too complicated for my brain to process. Thank you! +I'm £15k in debt but in a job that is around £40k a year salary. I have been telling my doctor for years about this, and have been on a waiting list for some addiction counselling but haven't heard anything in several months. +The average Costco warehouse in western countries average around 60k subscriptions. In other Asian countries a warehouse might get around 100k subscriptions after 2 years of being open. + +After the Warehouse in Shanghai opened in late 2019, its subscription count grew to 250k in under 3 months. With the warehouse shutting down local traffic and being forced to close early due to the chaos that ensued on opening day. + +Costco plans on opening a second warehouse in Suzhou. And may grow more rapidly after they gain more experience with operating in China. + +"We typically open 2-3 locations in a country, and see how they operate over the first couple of years, ... We are off to a good start with our first opening last year." - Richard Galanti, CFO, + +"It may take a couple of years to improve efficiencies. That’s one of the reasons why we generally go slow in new countries because we want to get it right from customer experience and also from the operational side," he added. + +With China’s growing middle class and Costco’s brand being extremely popular among the Chinese... It could be plausible that China will end up becoming the majority of Costco’s revenue one day? + +Sources: + +https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/27/business/costco-china-intl-hnk/index.html + +https://asia.nikkei.com/Business/Retail/Costco-plans-more-China-openings-as-sales-boom-at-Shanghai-store2 +Howdy. For those of you who aren't familiar with my escapades they are broken down as follows: + +1) I like SFH's in B neighborhoods. + +2) I only buy with Seller Financing and/or Private Lending, never banks. + +3) I prefer the quality of life I currently have which means spending time with my kids, gaming, working on cars, being a terrible Ukulele player and sleeping among other activities. I have no desire to work one hundred hours a week in order to own a private jet. + +I focus on making about five acquisitions a year. I don't advertise, I rarely ever send mail...and when I do it is a single letter to a specific house and life is good. At times I buy fewer than five homes and at times I buy more than five. I'm establish and experienced and due to my ability to create solutions for others people come to me looking to have their challenge solved. + +I apologize in advance as this will not be my typical detailed post because...well...I'm getting tired of writing and I've come to realize text does not do justice to the nuance of these deals. In order to help others learn I'm considering recording audio to tell the story in a better manner. + +On with the show... + +2018 has been a bit of an annoying year. Any serious investor who has been in the game long enough will tell you that you will have dry spells and times when every time you turn around a deal is falling into your lap. + +In January I wrote two of the best offers I've ever written to two different Sellers. The stories behind those offers each are worthy of their own post and I may get around to doing so eventually. + +One was a SFH (still unsold) in which my offer gave the Seller EVERYTHING they claimed to need and would make them an additional $70,000 over the next thirty years. when compared to selling the home for cash now. Crickets. *shrug* + +My next offer was on a small office building...one of the few acquisitions where I really desired the property. It is less than ten minutes from my home and beautiful. The Sellers had an incredibly low basis in the building and, as I discovered upon our first meeting, no one had informed them that they were facing a $100,000 tax bill due to depreciation recapture and capital gains. This killed their original plan. + +My solution ended up providing them with $300 more a month in income than they had been looking for ($2800 compared to $2500) but would also reduce their tax implications significantly and leave an inheritance to their children. The best part of this deal is that I would own the office building and it would result in $75,000 cash in my pocket AND three of my properties refinanced at 7% for thirty years. The Sellers verbally accepted and then...Crickets. The building is still sitting there...vacant. + +Apart from that I haven't been incredibly active this year as my better half was wrapping up her PhD and opening her private practice. However, as always, opportunity eventually came around. + +I've had a duplex and a triplex on a lease option for about a year now kicking off $1,100 a month in net profit. I don't like multi-unit but there is a long and complicated backstory in which I helped the older lady who owned these and in return she asked me to handle the properties when she died...and she did. Her husband wanted nothing to do with the real estate and her three daughters are just trash. + +Along with the duplex and triplex the family owned a nice SFH which I also had an option on plus another nice SFH that I would like to own but never expected them to sell. Late last year the husband reached out to me and asked if there was any way we could cancel the lease options because he didn't want to be responsible for the mortgages anymore. I politely informed him that if he could financially compensate me for the loss of income I'd be happy to...he did not have the cash to do so. + +Fast forward to March and another investor friend of mine asked if I knew of any multi-units available. Even ghetto multi-units in my area are going for $50,000 per unit. I told him that I had two on a long term lease option but if he had a Buyer I would sell them contingent upon the Optionor giving me what I wanted. + +I called up the husband, now sole owner of the properties, and told him I could sell the duplex and the triplex and net him $40,000. He thought that would be a great idea since it would allow him to pay off his house and tractor (not kidding) and have a little left over. + +I let him know that was great but we had to make certain I was compensated and that if he'd sell me the other two homes on terms that I'd release my option on the Duplex and Triplex and get them sold. He thought that was fair and his primary interest was that I could pay off the bank mortgage on one of the homes immediately (which was one of his wants) and I took the other subject to. + +Ultimately who got what: + +My Investor friend, who has brought me some GREAT deals over the years and I have done a ton of business with, received a free deal upon which he made a nice spread as a wholesaler. I had the Seller sign a contract on the Duplex and Triplex with my friendmortg and he assigned them to a Buyer. + +The Seller relieved himself of two properties he wanted nothing to do with and pocketed $40,000 which allowed him to reduce his monthly debt (paid off house and tractor) and have a little left over. Additionally I paid off the mortgage on one of his other homes with private money and provided him with a nice little second mortgage for additional income. + +I received: Two homes that I really like and rid myself of two properties I didn't care too much for. + +Thought Exercise for You: My net income from the Duplex and Triplex was $1,100 net a month. My income from the two homes is $700 a month. What are reasons you could think of as to why I did this deal even though my net income dropped? + +Oh...remember what I said about dry spells and then deals out of the blue? I have two new deals on deck that I expect to close in July and a possible third I'm beginning preliminary discussions on. +So, I've been sampling 5different brokers over the last 2 years to figure out which one is best for thetagang. + +Before I give away my conclusion as to which one I like the best, I'd like to outline what features a good thetagang broker should have: + +* Should be easy to enter into multi-leg options orders. +* Position adjustment should be easy, particularly rolling a strike up or down, or rolling an expiration date out. +* Positions should be grouped by ticker with options positions arranged logically by expiration date and strike. +* They should offer interest on cash, as your account should be rich in cash (who takes assignment?) +* It should offer maximum flexibility for trading Options level 4, extended hours trading, and futures +* It should have low commission rates, either free or negotiable based on volume. +* It should have both good desktop and phone apps with easy learning curves. +* It should have low margin borrowing rates, because of course you'll need to go short once in a while. + +&#x200B; + +|Feature|TD Ameritrade|Tastytrade|Robinhood|Interactive Brokers|Vanguard| +|:-|:-|:-|:-|:-|:-| +|Multileg orders|Good|Excellent|Poor|Poor|Nope| +|Position adjustment|Good|Excellent|Average|Average|Nope| +|Position Grouping|logical|logical|Sort of|Okay|Not really| +|Interest on cash|0.30%|0.0001%|3% (w/Gold)|\~2.5%|swept in MMF (2.8%)| +|Options level 4, extended hours, futures|Okay|Poor|Nope|Excellent|Nope| +|Options commission rates|Very good|Good|Excellent|Good|Above average| +|Desktop and phone apps|Very good|Excellent|Good|Poor|Very Poor phone app| +|Margin borrowing rates|Negotiable|High|Low|Very Low|High| +|**Verdict**|**Best balance of features and cost.**|**Best features, lags in costs**|**Lowest cost if you don't need naked calls**|**Low cost, strongest capabilities, but hard learning curve**|**Not a contender**| + +I keep my IRA at TD Ameritrade, my long-term buy-and-hold (non-theta) ETF/mutual fund account at Vanguard, and I'm in the process of moving my trading account from Tastytrade to IBKR. I have a tiny bit of money ($5k) in Robinhood, but that's only if I want to do some silly penny options where the commission would make a difference to the economics. + +Everyone has their own needs and preferences, but I wanted to share my thoughts after monkeying around with 5 brokers in the last 2 years with options trades. Let me know what you think. +Be warned, SoEnergy tried hard to entice me to sign up for a new 12 month contract when my current one expires. Currently pay 2.86p/kWh and the new rate would be 9.7p/kWh. + +I asked how much will my gas be if I do nothing when my current fix expires and they said 3.96p/kwh. So if I do nothing and the price cap goes up by 100% in April I'll still save money by doing nothing. + +Be careful about signing up to a. new deal at the moment! + +The app has become notorious for risky investments and frequent trading that's more like gambling than investing. That said, plenty of people are using the app to invest the smart way. They saw opportunity after March's stock market crash. Now they're using the commission-free platform to dodge the fees previous generations of investors accepted. + +Investing on Robinhood or any other platform doesn't have to be a gamble... or does it? Do you believe in the “Robinhood role” of Robinhood — or is it just another scam for people seeking fast millions? + + +https://www.bloomberg.com/news/articles/2020-10-15/robinhood-estimates-hackers-infiltrated-almost-2-000-accounts +You walk into any shop, outlet, restaurant they have prices for items. But pubs and clubs do not have to advertise their beer or drink prices. Why not? It’s crazy that I can walk into a pub and pay different prices at different times of the day for the same beer. +The finance minister Nirmala Sitharaman said they'll provide a window of experimentation for cryptocurrency in India. + +https://youtu.be/QZroeNv7VNY + +She's literally the top official of the Modi government of India. + +The FUD, which was spread by Reuters was based on "Anonymous" top official of the government. +The Reuters article has spread like wildfire. + https://www.reuters.com/article/uk-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idINKBN2B60QP + +The article has no basis other than some anecdotal reports. + +I'm an Indian and I will continue HoDLing. + +Reuters has just lost their reputation + +Edit: Thank you for the awards. This community is the best. +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. +I’m sure you’ve noticed the changes in Reddit’s “home” feed algo like I have w/ SuperStonk getting absolutely buried. + +Post from this sub used to dominate my home feed, even when I was subscribed to dozens and dozens of other subs. But lately I’ve noticed the changes to the home feed which has resulted in SuperStonk posts being buried. + +So…I left EVERY OTHER SUB & this sub is the only one I’m in - I did this as a test to see if it would bubble up posts from this sub back to the top of my feed. As you’ve probably guessed…it did not. This being my only sub…out of the first 10 posts on my home feed…posts from this sub made up 20% & of that 20%…none of them were in the first 5 results. + +The DD is in & verified over and over. This isn’t me FUD’ing myself or anyone else - the plan remains - buy hold drs. But knowing that IPO is around the corner & seeing these weird changes has me cringing. + +It’s like seeing a friend dating a scum bag & watching them change for the worse in real time, but being helpless to save them. + +Wall Street will turn Reddit into just another propaganda vehicle, if they haven’t already. +I’ve had a Betterment account for about 2 years now and my allocation was 90% stocks 10% bonds for the most part. +I just made an Ellevest account which made my allocation 55% stocks 44% bonds 1% alternatives. + +Im 25yo and my goal is to retire earlier than 65. +Any thoughts on allocation and best investing apps? +Used all I could gather to pay 1/3 of my rent and make a deal to save myseld from being homeless. But now I am exhausted and out of money so considering having dinner with my last coffee and sugar. Cheers! +P.s. bad feeling aside I'm still working tonight online to get something next week and to have my rent in few weeks. Not giving up, just hate how long it takes me to get put of poverty. BUT, I have felt worse about it though. +Please share your struggle stories so I feel less alone! +Heyyy lucky ones, + +how can I short US treasuries with high leverage(x200). I live in Germany and have TradeRepublic, but I would get a new Broker just to go short on US Bonds. Is it even possibly to short bonds? Goolge is not very helpful. And another question is, which Bond exactly I should go short on. I think US treasuries are fine, because interest rates in the US go up definitly, so bonds will lose. 30-year isn't that good because the deacrese of value would be to small. I guess 5-year and 10-year bonds will do great. + +Maybe I have a problem in my logic of the movement of bonds and interest. Im thankfull for any help. +So I work at a restaurant in Tennessee that pays all of the non kitchen staff $8 an hour an hour and everyone does everything. From filling sauces to running food, taking orders, and bussing tables. It is classed as a dine in fast food restaurant. There is a sign on the registers that says no tips required and when people do tip we have to give it to the manager. Anything I can do as a 16 year old +So I work at a restaurant in Tennessee that pays all of the non kitchen staff $8 an hour an hour and everyone does everything. From filling sauces to running food, taking orders, and bussing tables. It is classed as a dine in fast food restaurant. There is a sign on the registers that says no tips required and when people do tip we have to give it to the manager. Anything I can do as a 16 year old +I day trade crypto(FUTURES forgot to add that in my title) at the pace of light with 20x leverage, Now before you come and say, woah woah woah, you gonna wreck yourself. I have been day trading for the past 3 months. I have tried it all, scalping spot trading for 0.5-1% gains(minus broker fees), margin trading. I was doing a 2:1 risk reward ratio(risking two dollars to win 1 dollars) because that is the only way you can make money in scalping super volatile markets like crypto. My win rate was 70-80%. but the 1 trade was making me lose everything. + +I have made all the classic mistakes, fomoing, overtrading, revenge trading, everything.I have watched countless hours of videos,(over 200-300 hours, I watch at 2x), read books and finally realized yesterday, what the hell I was doing wrong.Most of the stuff on daytrading online is absolute BS.Yes, you blow up your accounts, because you are impatient, just like I am, most people are impatient.So, can we use this character trait of ours to make money? After failing with margin for one more time yesterday, I switched to futures. Never tried futures before. I was using margin at 3x. Futures was easier, and default margin was 20x. Now I knew that in a couple of seconds I can predict where the market is going. I just need to get a decent enough entry and take anything in green. No Profit targets, nothing. Just proper clean entry and take whatever the market is giving me. So, I trade a good enough mid cap coin, (Gala Futures) and scalp for 1-2-3-6% within a few seconds. + +Since yesterday I did around 23 trades and my profit percentage was 16% yesterday and 17% today. + +Now I am testing this on a very small account (2 figures), but given the volume of trades happening, I bet the strategy can still apply to 3-4 figure scalps. You can use your intuition to advantage. I mainly short, because in crypto I can't trust long anymore. Whenever there is a upward trend it ends abruptly. I have traded over 1000 trades in the past 3 months. So, I know. I look at the 1,3,5 min time frames, and I trade in 1 minute time frames. The key is to not have any profit targets per trade since the distribution of profit is uneven in each trade. I just focus on getting a good enough entry and then as soon as I see some profit I close the position within seconds. Granted I could have made more if I could have held way more longer(a few more seconds to minutes in a few positions) but since I am a pullback trend reversal trader, there were times, if I had not acted within a fraction of a few seconds, I would have not made any green. Whenever I finish a trade, I take 5 minutes break because, the crypto market trend changes enough, to again get back into the similar position (I will get wrecked, if I trade as soon as the previous ended, because the trend would have changed in most cases). + +Thinking in terms of probabilities of entering the trade is my main objective and ofcourse then I have my risk target in my mind. I take whatever profit the market gives me. I don't care if the market goes down 3-4% in my direction within a few minutes, (I don't have fomo of making more profits). + +I will probably make an update within a month, after I start with a 3 figure position from tomorrow and see how that goes. + +But I want to tell you, that the reason most traders are losing is because they are having a fixed profit percentage, Yeah, sometimes having a clear cut goal is good, but I would say, have a risk defined( till how much % are you able to hold your position when it goes to the other direction, especially in crypto) and then take whatever profit you can get, once the trade turns in your favour never let it turn in the other direction. + +I will not advice anyone to trade futures or leverage, who have not mastered spot trading or margin trading at smaller leverage first and then you can apply these things, if you wan't. +Any one care to share their opinion? + +I believe it will be something related with improvement of sustainability, just don't know witch sector specifically. +I'm curious how many of you had a partner throughout your growth into HNW or UHNW and if that person is in the same category financially. If you didn't, did you have someone who just didn't adapt with you? Interested in the relationship dynamics here +I’m fairly new to ETFs and I’d like to understand the advantages of Small cap, Mid cap, and Large cap ETFs. Why might one want to prefer one type of market cap ETF over another? Has one type historically outperformed another? Why not just invest in a broader market ETF like VTI or VOO? +I think it's very likely that a growth ETF will outperform but can't seem to find empirical data to support my hypothesis. If my hypothesis is true, why would so many people recommend a S&P500 ETF as a main long-term investment instead of a growth ETF? +Hi guys, I'm 24 years old with about 50k that I want to move into 2-3 ETFs. What do you guys recommend? I'm doing it myself through Wealth Simple on my TFSA account so I can let it ride for the long run. I've been looking into a few ETFs (ZCN, VOO, XEI, VDY, XEQT). I know some of them are overlapping; some help would be much appreciated! + +Thank you!! +I’m fairly new to ETFs and I’d like to understand the advantages of Small cap, Mid cap, and Large cap ETFs. Why might one want to prefer one type of market cap ETF over another? Has one type historically outperformed another? Why not just invest in a broader market ETF like VTI or VOO? +Hello everyone, I’m going to be as quick and to the point as possible. + +I’m setting up my Roth IRA and I’m deciding how I want to approach things. + +Since I’m so young I’m looking to do 100% stocks as of right now. + +I’m leaning towards 70% VTI and 30% VXUS. +However I’m also thinking about 70% VOO instead of VTI. + +Also what are your thoughts on just 100% VT? +As of right now I believe VT is made up of 56/43 of VTI/ VXUS. (Hope this makes sense) + +Only reason I’m not too crazy about VT is because about 43% is made up of international stocks and I want to stay around the 30% range. However the past performance of the US vs International market doesn’t predict the future. + +I’d love to here your insight and I hope I explained everything as best as I could. + +Thanks in advance for your opinions. +I am a total market Index fund kind of investor but have been reading up on factor investing and was looking into the new Dimensional Fund ETFs. I am having a lot of trouble figuring out what the actual difference between DF’s major US offerings are. +Specifically: +1) US Core Equity 2 ETF (ticker DFAC) +2) US Core Equity Market ETF (ticker DFAU) +3) US Equity ETF (ticker DFUS) + +Why would you pick one over the other? some are more tax advantaged than others? Is there a tilt difference? + +Any help would be appreciated as I cannot find much online. +I'm pretty new to trading so I apologise in advance. + +I'm looking at getting into small cap stocks and a small cap ETF seems a nice place to start. + +I've been looking at something like IUS3 (open to suggestions) and on the face it seems alright. + +But I want everyone's opinion on small cap ETFs though? Are iShares even that good and is it just better buying single small caps instead. + +Thank you and again, I'm pretty fresh to all this so feel free to give me a reality check if I'm being stupid +Let's meet QVML, the discerning S&P 500 ETF you never knew you always wanted. + +The Invesco S&P 500 QVM Multi-factor ETF, [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QVML](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QVML) (QVM stands for Quality, Value, Momentum) + +It's a new smart beta ETF, launched on June 30, and gained over $700m in assets on its launch day: + +[https://twitter.com/ToddCFRA/status/1412489987669569543?s=20](https://twitter.com/ToddCFRA/status/1412489987669569543?s=20) . As per homepage, QVML currently has about $800m AUM and a 0.11% expense ratio. The big initial investor? It was the Municipal Employees' Retirement System of Michigan: a major (and careful) institutional investor. QVML comprises 10% of their holdings: [https://whalewisdom.com/filer/municipal-employees-retirement-system-of-michigan#tabholdings\_tab\_link](https://whalewisdom.com/filer/municipal-employees-retirement-system-of-michigan#tabholdings_tab_link) + +QVML Summary from its homepage: + +"The Invesco S&P 500 QVM Multi-factor ETF (Fund) is based on the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of a subset of securities from the S&P 500® Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December." I should note, rebalancing is effective the close of third Friday for each of those months. + +Essentially, it scores stocks in the S&P 500 on value, quality and momentum, and then EXCLUDES the stocks that score the worst on those metrics. Most factor indexes somehow pick or label stocks to INCLUDE in the index -- but QVML looks for ugly things to EXCLUDE. It may appeal to someone who, let's say, has a more cynical view of the market. Index details in reply to root post. + +Why do I think this is neat? If there's a stock in the S&P 500 that's just a dying company (think Xerox earlier this year before it was removed), or terminally overvalued, this index has a chance to EXCLUDE it. But in general, it will be like the S&P 500. Just a more conservative version of the S&P, perhaps helping investors avoid potential landmines. + +What does this look like in practice? Right now, here are some big tickers in the S&P 500 but excluded from QVML: MRK, MCD, PM, BMY, SBUX, AMT, NOW, BA, MRNA, GILD, CCI, EQIX, MSCI, DXCM, KMB, DLR, SPG, MSI, YUM, SBA, MAR, HLT, AZO, TDG, MCK, DAL, and many other smaller stocks. Basically a lot of stocks that have been unprofitable recently and that also don't have much momentum in their favor (like SPG), or stocks with very poor book value metrics (like YUM), plus a random oddity like MRNA which just needs time to find its place. Let's face it: despite all the re-opening hype, stocks like Delta Airlines and some REITs are in a tough spot. Delta (DAL) has lost 20% of its value since April, and QVML excludes it. I like the idea of investing in the S&P, while avoiding stocks that are just plain bad on popular factor metrics. Further, ETFs allow tax-efficient rebalancing to follow factor indexes. + +Its total return since inception (this accounts for expense ratio) is basically the same as VOO: [https://stockcharts.com/freecharts/perf.php?VOO,QVML](https://stockcharts.com/freecharts/perf.php?VOO,QVML) . But, it's a small sample size... 45 days. Long-term, this seems like a very viable substitute for the S&P, and it may also be useful as a pair for S&P tax-loss harvesting should people have the need. It still has pretty low daily volume, but I think it's a cool ETF, so I'm posting about it. + +Does anyone know of a better way to invest in the S&P 500 while possibly avoiding stocks that stink? +In the last two years i started spending my time in reseaeching the stock market and some specific stocks. During that time i created a high risk portfolio selecting stocks and as i can now say, i started gambling with them. + +I then finished school and started working/ a paid traineeship. As i made plans for my retirement portfolio i went on with a very usual core Satellite. + +Since i highly value sustainability and tried to change every aspect of my lifestyle, i also researched the topic of sustainable investing. Some books i read, not only about climate change, but also regarding sustainable economics were "unfuck the economy" and "save for the planet, investing". + +Here is my retirement portfolio, i am 20 years old. + +World ETF, which values companies at how their emissions are developing. If they dont change, they invest less and thus pressure them into being more sustainable. +A2DR4H + +MSCI Emerging market, same strategy as world portfolio +A2PZC5 + +Healthcare +LYX0GM + +Global Clean Energy +A0MW0M + + +Small part Green Bonds +LYX0WQ + +How would you weight each position in percentages? What is your feedback and to those who also researched sustainable investing, do you have any ideas/tips etc... +Is there any financial vehicle available in EU that makes an index of let's say top10 market cap cryptocurrencies? + + +Are there any plans of creating such a thing? Making it all by myself is too much of a stock-picking too me... +https://www.bloomberg.com/news/articles/2018-08-03/china-dethroned-by-japan-as-world-s-second-biggest-stock-market + +>China just lost its ranking as the world’s number two stock market. + +>After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The U.S. has the world’s largest stock market at just over $31 trillion. + +>China’s stock market overtook Japan’s in late 2014, then soared to an all-time high of more than $10 trillion in June 2015. Chinese equities and the nation’s currency have taken a beating this year amid a trade spat with the U.S., a government-led campaign to cut debt and a slowing economy. + +>"Losing the ranking to Japan is the damage caused by the trade war," said Banny Lam, head of research at CEB International Investment Corp. in Hong Kong. "The Japan equity gauge is relatively more stable around the current level but China’s market cap has slumped from its peak this year."China’s stock market overtook Japan’s in late 2014, then soared to an all-time high of more than $10 trillion in June 2015. Chinese equities and the nation’s currency have taken a beating this year amid a trade spat with the U.S., a government-led campaign to cut debt and a slowing economy. + +>"Losing the ranking to Japan is the damage caused by the trade war," said Banny Lam, head of research at CEB International Investment Corp. in Hong Kong. "The Japan equity gauge is relatively more stable around the current level but China’s market cap has slumped from its peak this year." +Some of you may be aware that the House Democrats' tax plan includes a reduction on the QSBS tax exemption. Specifically, it proposes to limit the QSBS tax exemption to 50% of gains for any sale or exchange of QSBS retroactive to September 13, 2021. Combined with the proposed increase to the federal capital gains rate and with state taxes, this means that one could go from paying 0% taxes on gains from QSBS (for any QSBS acquired since September 27, 2010) to paying 10% to 25% taxes instead. + +As someone who holds a significant amount of QSBS, this change would obviously be disappointing. I'm trying to better understand the chances that this proposal ends up being included in any final tax bill as written or with possible modifications. + +Here are some scenarios that I'm hoping will happen instead (in decreasing order of preference): + +* This proposal is dropped entirely and QSBS is left untouched +* Changing the phrasing of the proposal so that it doesn't affect all sales of QSBS on or after September 13, 2021, but instead grandfathering in QSBS that is already owned and only affecting QSBS that is acquired moving forward +* Pushing the effective date back from September 13, 2021 to some later date (hopefully much later) + +Does anyone have any thoughts on this? Are there any other things I and others should be thinking about? +As many have noted, we see those around us who suffer more from the downturn than we do. The Uber drivers, the normal folks who did not do direct deposit and thus have not yet received their stimulus checks, the self employed painters and gardeners in Michigan who were deemed to be "non-essential" work. + +How have you changed your behavior to take care of these other living beings, be them human, animal or plant? + +But let's stop at plant. + +Viruses we should not protect. + +Feel good stories please! +I normally don't post, so forgive me for any formatting errors. I felt that this info was surprisingly missing from the sub. + +News sources are trying to pin the price drop on Ascendiant Capital Group's downgrade. Lets put aside the lazy habit of financial journalism to connect a price movement on any random bit of information (with no other supporting evidence beyond that they both happened somewhat close to each other). Who exactly is this analyst? I'm pretty skeptical about analysts to begin with but it's always worth exploring the 'who' behind the words. + +Check out this tweet by The Gamestop ECOSYSTEM (an account you might recognize interacting with DOMO Capital): [https://twitter.com/GMEshortsqueeze/status/1381662476740272131](https://twitter.com/GMEshortsqueeze/status/1381662476740272131) + +Direct link to exhibit A as found in the tweet: [https://pbs.twimg.com/media/EyymhSBWQAI8xCz?format=jpg&name=medium](https://pbs.twimg.com/media/EyymhSBWQAI8xCz?format=jpg&name=medium) + +Exhibit B: [https://pbs.twimg.com/media/Eyyhny8WQAMZwLL?format=jpg&name=large](https://pbs.twimg.com/media/Eyyhny8WQAMZwLL?format=jpg&name=large) + +To save everyone a click + +1. An FINRA arbitration panel found their brokers engaged in "acts of fraud and malice" +2. There's complaint of these brokers giving customers bad prices on ETFs and pocketing the difference +3. They've been implicated in false rumour and naked shorting schemes (in the same document where Citadel is being accused of the same) + +While you have to take analysts with a heavy grain of salt, it's almost as if we have an unscrupulous actor with an agenda here. I'll let others draw whatever conclusion they'd like off this info. + + +EDIT: Thanks for the hands touching and eye awards folks! I'd like to direct anyone who wants to read the SEC documents in full to check out [u/LordTaylorian1973](https://www.reddit.com/user/LordTaylorian1973/)'s post here: [https://www.reddit.com/r/Superstonk/comments/mph769/why\_is\_ascendiant\_downgrading\_of\_gamestop/](https://www.reddit.com/r/Superstonk/comments/mph769/why_is_ascendiant_downgrading_of_gamestop/) + Since its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares have plummeted 20% upon announcement of problems with its’ next-generation 10nm and 7nm manufacturing processes. The massive collapse has led to widespread attention among investors, but in reality the situation has been years in the making for those who’ve been paying attention. Today I’d like to look at some of the technical decisions Intel made, why they’ve caused problems and the implications of that on their future. + +**Lithography techniques** + +Lithography is an incredibly complicated process that forms an incredible competitive advantage for those who master it. In simple terms, you put a template of circuit designs (photomask) on a silicon base (wafer) and shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html). + +Over time, people tried to fit more transistors in the same area – this would lead to increased performance capability, lower power consumption and various other benefits outlined in Dennard Scaling\[2\]. This becomes progressively more difficult over time, as you’re trying to cram transistors into areas thousands of times smaller than the width of a hair. The industry ran into a particularly tricky wall around the 20nm mark, since the size of the laser you used to ‘print’ the circuit design became so relatively big that it couldn’t reliably follow the complicated patterns needed for all the transistors. Two schools of thought developed to address this problem – patterning (using more than one photomask, each with simpler diagrams, and lasering the wafer with each of these templates separately), and EUV (extreme ultra-violet, using radiation with much smaller wavelengths than traditional). Intel saw success with dual-patterning (two templates) on its’ 22 and 14nm process, and chose to go one step further and pursue quad-patterning on its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV for their 7nm process. That might give you a hint as to which was the right choice… + +Other terminology I’ll be referring to in this piece are yield (how much of a wafer is actually useable) and monolithic (the whole CPU is cut out of the wafer as a single piece of silicon) vs chiplets (the CPU is formed from several pieces of silicon stuck together) + +**The problems with 10nm** + +Back in 2013, Intel was in it’s prime. It dominated the CPU market with >90% market share, and was pursuing a tick-tock strategy with its’ chips – every two years you would have a die shrink ‘tick’, then the alternating years you would have a microarchitecture change ‘tock’. In the roadmaps released by Intel, they planned to have their next ‘tock’ of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’ never did. Even today, 4 years after it was supposed to be released, 10nm still isn’t really here. On paper, it was launched with Cannon Lake in 2018 – but the total number of those are in the thousands, if not hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in 2020 but they have incredibly limited supply and offer inferior performance to Intel’s own 14nm offerings. \[5\] The latest update is that desktop and datacentre chips will come in the second half of 2021 – but for reasons we shall soon see it is my opinion that these will yet again be flops. In fact, it is my opinion that 10nm is a total writeoff, and that the design decisions taken at a very early stage have doomed it to failure. When you use lithographic techniques, you are bound to have some defects in your wafer. After all, creating billions of devices tens of atoms in size isn’t going to be perfect. Patterning as a lithographic technique inherently has a higher defect rate than not using it – you’re basically going through the same process multiple times, thus increasing the chance of defect dramatically. As I mentioned earlier, Intel is using quad patterning in 10nm – this means their defect rates are going to be sky high. At the same time, their usage of a monolithic die compounds this problem for high-performance, high core count CPU models. As you can see from the blue wafer below, it’s difficult to draw large squares (high-core count models) that are without defect. In comparison, the red wafer is AMD’s chiplet approach, built on TSMC’s less defect-prone EUV process. + +(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here) + +Since you can paste together multiple small CPUs into one bigger one, you use a far greater percentage of the wafer, cutting costs and letting you freely choose however many high-performance chips you want to build. + +Of course, it’s impossible for anyone outside Intel to know the exact numbers for the defect rates, yields and unit costs for 10nm. No doubt they are improving as time goes on,as they always do with a maturing architecture. However, I can say with certainty that + +1. they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS +2. The margins on 10nm will NEVER reach the heights that Intel has traditionally seen. Intel has enjoyed gross margins of above 60% for the last decade. In my opinion, if Intel were to replace their whole product stack with 10nm, their gross margin will never rise above 30%. The maximum price they can release their products at is capped not only by AMD’s offerings, but more importantly their own legacy performance. If Intel attempted to price at a level that would give them healthy margins, their entire product lineup would be outcompeted by their 5 year old 14nm chips on a price/performance basis, and their customers would have no reason to upgrade, decimating their revenues. + +These are bold statements but I believe Intel’s actions over the past few years, and their planned actions over the next few, support this view. + +When you release a new generation of processors, you always want to have it be ‘better’ than the previous generation. This may seem incredibly obvious, but the only exception is when the design has such big inherent flaws that you can’t physically do so. For instance, the Bulldozer architecture AMD released in 2011 performed worse than their own previous-generation Phenom II architecture \[6\], leading to near-bankruptcy of the company, due to the flawed design of maximising core counts from a belief that multi-threaded performance was the future; while having the processor cores shares caches and FPUs, massively reducing the multi-threaded performance of the architecture. Intel finds themselves in a similar situation today. Their design choices made back in 2013 mean that it is impossible to mass produce 10nm high core count chips. This would’ve been fine if their monopoly continued and the mainstream continued to have 4 core, 8 threaded CPUs. Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores. However, the resurgence of AMD with their high core count capable Zen architecture meant that Intel were forced into raising their own core counts to compete – there has been a doubling of core counts across their entire product stack, which is fine on 14nm with its’ double patterning, but not so much on 10nm. The limitations of 10nm mean that current generation chips at the same price point from Intel have 14nm massively outperforming 10nm, with the higher core counts outweighing any density improvements that 10nm brings. Similarly, leaks for the upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that the maximum number of cores on 10nm,28, will be 33-50% lower than those from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x the core count at half the price.\[8\] The persistent lack of chips on 10nm that can outperform their predecessors, despite us now technically being on ‘10nm+++’, suggests that there is a fundamental barrier in the technology that no amount of delays and extra engineering can get past. 10nm is rotten from the very first steps taken. + +**7nm and beyond** + +So now we’ve established just how much of a disaster Intel’s 10nm process is, what about 7nm? It should be better right? After all, its’ built on the superior EUV, rather than SAQP. The market obviously expects it to be Intel’s saviour, given the massive drop in Intel share price was widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t have nearly as much solid information to go on compared to 10nm, I just want to note a few things. The exact words Bob Swan used in the Q2 call were ‘we are seeing a 6 month shift in 7nm… 12 months behind our internal target… we have identified a defect mode that resulted in yield degradation’. + +There’s quite a lot to break down here. Many people, including analysts on the call, were confused by how 7nm could be both 6 and 12 months behind target at the same time. Have Intel achieved quantum tunnelling of time? The truth is that Bob’s claim of a ‘buffer in planning process’ as the reason, while technically true, is incredibly misleading. In any typical launch of a new process node, you spend a few months getting up to speed – running the foundry through the whole process, troubleshooting, using the produced chips as prototypes to send to OEM partners for them to design products around, etc. You don’t sell the chips produced to anyone. Industry standard is to call this period a tape-out, not a launch of a new process – that’s when you actually produce chips that you sell to people. Bob’s comment translated is that the process is delayed by 12 months, but they’re going to breach industry standard and ‘launch’ 7nm when the first fabs start spinning up 6 months before they have chips in any volume. Sound ridiculous? Well, Intel did the exact same thing with 10nm. Faced with mounting pressure over the constant delays, Intel ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole generation, a dual core processor with a clock speed of 2.2Ghz that was slower than the i3-3250 released in 2013 for $20 less than the 10nm part. Not to mention it was nigh on impossible to actually buy one.\[9\] Cannon Lake was an incredibly obvious paper launch, released to appease investors at a time where Intel had just started up its fabs. Ice Lake, the first 10nm architecture you could actually buy (in limited quantities) shipped in September 2019, more than a year after Cannon Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to sweetcoat a 12 month delay (assuming no further delays). + +The second part of the comment, relating to a ‘defect mode’, is just as interesting as the first. Intel are attempting to use GaaFeT technology for their 7nm process, though there's conflicting information suggesting they might move away from this if it proves to be too difficult. \[10\] GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and unproven transistor technology that should overcome the technical difficulties current transistor technologies face at increasingly smaller sizes. Unlike normal process shrinks, this is going to a completely new type of transistor and we only have one other comparable in history – the transistor to a 3D FinFeT technology a few years ago. With FinFet, the research process from having a ‘working prototype’ demonstrating commercialisation potential took 8 years. \[11\] Meanwhile, the equivalent demonstration with GaaFeT took place 3 years ago. + +\[12\] While FinFeT and GaaFeT are different beasts, it is undeniable that the plans from Intel, and indeed all other foundries, are incredibly ambitious. The latest leaks suggest that the ‘defect mode’ Intel have ran into has to do with their GaaFeT implementation. If this is true, you could easily see 7nm being just as much of a disaster as 10nm is. + +Beyond 7nm, there are some positives to be [found.](http://found.as/) As we get even smaller transistors, it will be necessary for both EUV and patterning to occur. It's likely that Intel will have an advantage in this area compared to competitors due to their experience with 10nm. At the same time, they are actively exploring chipletbased designs. They might have been late in realising the benefits, but they've finally come around with their EMIB, Foveros and big.Little technologies, all of which I'll explore in a future blog post. + +**Conclusion** + +I’ll leave it to you to decide what the financial implications of these deductions are for Intel, but suffice it to say the baseline scenario is far worse than what many people envision. There is no doubt that Intel will recover from this fiasco, but at what cost? Will it require yet another management reshuffle? Following in the footsteps of AMD, outsourcing production fully and writing off its’ own fabs? Acknowledgement that they will no longer be able to extract incredible margins from their monopolistic position? + +References + +\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html) + +\[2\][Dennard, R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc, A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf) + +[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf) + +\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E) + +\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake) + +\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html) + +[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/) + +[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742) + +[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review) + +[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809) + +[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET) + +\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET) +[Ron Paul weighed in](http://www.cnbc.com/2015/06/19/ron-paul-stock-market-day-of-reckoning-is-near.html) on a looming stock market crash today: +>"There's a lot of instability still out there, and this hasn't been corrected yet. I don't think it's going to correct easily, I don't think it's going to be just a correction." + +>Paul added, eventually investors will "lose confidence" in the Fed, and when they do, the market could witness a "very big crash." + +Oh, wait, that was in 2015. I meant [this one](http://www.cnbc.com/2014/07/29/ron-paul-stocks-are-in-a-bubble-and-will-crash.html): +>"The growth isn't there. The only thing that grows is the debt, and just think about how much money they have to create value in the stock market," + +>"The market has to correct, and who's going to call it a crash until it happens? We're in for a major correction, I think. I think we're very, very vulnerable," + +Oh, shoot, that was in 2014. Let me get this straight.. What he's [saying now in 2017](http://www.cnbc.com/2017/07/02/ron-paul-not-a-shock-if-stocks-fall-25-percent-and-gold-soars-50-percent-by-oct.html) is: + +>Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon as October. + +>"If our markets are down 25 percent and gold is up 50 percent it wouldn't be a total shock to me" + +Damn, he's making these market predictions every year at the end of June! What is this? A perma-bear day?! + +Edit: formatting +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. +Hi all and happy holidays :) +I would like to hear your opinions on whether my reasoning makes sense. + +I'm trying to evaluate the *real* costs of renting vs. buying a flat in London, and I'm trying to do so by evaluating the impact that the two options would have on my overall net worth. + + +I'm comparing two options: +**- Option 1:** **Renting** a ***room*** in a new build 2-bed flat in London (zone 3) at 1100*pcm* with *£165 monthly bills*. +**- Option 2: Buying** a similar flat (2 bed, new build, Zone 3) valued at £ 580k, with a 25% deposit, and therefore a *mortgage of £ 435k*. *Monthly bills of £330* and estimated *service charge plus ground rent of £250 per month*. For the mortgage, I'm considering a bad 2y variable, with an introductory rate of 6.29%, and 7% after that. Mortgage term 25 years. + +In both options, I'm also estimating an annual increase due to inflation of 3.5% (that applies to rent, bills, and service charges, but not to the mortgage monthly payment). + + +I put all the numbers on a Google sheet, and here are my findings: + + +1. At the 10-year mark, *renting would cost me -****£179k****, and buying would cost me -£440k. However, considering that I will have repaid a portion of the flat worth 135k, the net impact on my overall net worth would be -****£305k****.* +2. At the 15-year mark, *renting would cost me* ***-£294k***, and buying would cost me -£676k. I will have repaid a portion of the flat worth £291k, *the net impact on my overall net worth would be* ***-£385k***. +3. At the 20-year mark, *renting would cost me* ***-£431k***, and buying would cost me -£921k. However, I will now have repaid/own a portion of the flat worth £567k. Therefore, *the net impact on my net worth would be* ***-354k***. *The impact of buying is now proving advantageous.* + +If I'm interpreting the numbers correctly, this would mean that buying a flat (with such a bad mortgage deal) would make me "poorer" (than renting) for the first \~18 years (and considerably poorer for the first 5-10 years), but would start making me "richer" after the first 18 years or so. + + +Does my reasoning make sense? +Does it make sense to estimate how renting vs buying would impact my overall net worth over the years? +I've been trading stocks for \~15 years and options for \~10. I have a full-time job and just do this on the side, but I've seen and tried a lot of stuff. + +One of my favorite trading strategies involves selling SPX put credit spreads around 9-10 delta (2-5% OTM), 2 days to expiration. Crazy, right? Yeah, sounds like it. But bear with me while I lay out the nitty-gritty. I like the strategy so much that I've decided to (finally) lay it out in full detail for others to learn. + +My inspiration for this started after reading and following Karsten's "Passive income through option writing" from [EarlyRetirementNow.com](https://earlyretirementnow.com/2016/09/28/passive-income-through-option-writing-part1/). He lays out his reasoning and thought process way better than I ever could, so if you like what you see here, go check out his stuff as well for more research and a twist on what I'm doing. + +**What I Do** + +Every Monday, Wednesday, & Friday, I sell (open) new put credit spreads on SPX that expire at the closest expiration. So, Monday, I sell SPX spreads that expire Wednesday. Wednesday, I sell spreads that expire Friday. Friday, I sell spreads that expire Monday. I hold these all the way to expiration and then open a new position with the next expiration. 95% of the time, these expire worthless and I collect full premium. The other 5% of the time, I suffer a small or large loss. Over the long run, the expected return blows the market out of the water....which leads me to: + +**Expected Return** + +I've been running this since May 2019 and am averaging something around **150% APY** based on max risk for the spread. It's absurd. Don't believe me? My full trade log is published [here](https://wealthyoption.com/trades), and I update it in real-time. (Yes, that's my website. No, I'm not selling any kind of product/service there. More on that later) + +**Risk & Drawdown** + +This massive positive return doesn't come without a cost, of course. And if something sounds too good to be true, it usually is. And the cost here is that, yeah, while annual return is a ridiculous 150%, max drawdown can be 100% or more. ***Whaaaaat?!*** Yeah, that's right. While these spreads expire worthless 95% of the time, the other 5% can result in huge losses. These losses can accumulate up to 100% or more depending on the environment. + +So this is a guaranteed way to blow up your account, right? Well, it is if you allocate too much capital to it. But if you keep your allocation small (which I do), then a 100%+ drawdown for this one strategy will be a small fraction of your overall portfolio. I personally only allocate about 10% of my total portfolio to this. What that means is that if/when this trading plan suffers a 100% loss, that only represents 10% drawdown for my portfolio, and I can tap into my other investments to "replenish" this trading plan. + +These massive losses do happen, but they don't last long. I ran this very strategy through COVID-19 when VIX moved from 13 to 85 in a month, and my max drawdown was "only" about 125%. I reloaded from my other investments, and this put selling strategy recovered and turned green in 2020 before the market itself did...after I went down 125%. + +**Pennies, Meet Steamroller, Right?** + +Yeah, this is pretty close to the definition of picking up pennies in front of a steamroller. There's nothing inherently wrong with that IF: + +1. The pennies that you collect add up to more than what the steamroller takes away +2. You limit allocation so that when the steamroller hits you, it doesn't destroy you + +\#1 - I collect around 2.3% premium per position compared to max risk (spread width). 95% of the time, they expire worthless, so I keep the full 2.3%. The other 5% of the time, I suffer what is usually a large loss, averaging around 20%. Do the math here: 95 \* 2.3 is 220% gain on the wins. 5 \* 20% is 100% loss on the losers. 220% - 100% makes for a very positive expected return...So that takes care of #1. The pennies I collect far outweigh the steamroller when it hits me. + +\#2 - I only allocate 10% of my overall portfolio to this. When the steamroller hits me and results in a 100% loss for the strategy, I'm not wiped out. That's only 10% drawdown on my account, which is easy to recover from. This is what so many people miss when talking about the ole steamroller. If you just keep allocation in check, it's *okay* to get hit by a steamroller every now and then. + +**Trade Process - Timing & Strike Selection** + +The process here is simple. Every M/W/F afternoon, open a new set of put spreads expiring at the next expiration. Monday's position expires Wednesday. Wednesday's position expires Friday. Friday's position expires Monday. My short strike is around 9-10 delta. My long strike is 100-150 points below that. This results in a short strike around 2% OTM in low IV environments and 5% OTM in high IV environments. The long strike will be 5-10% OTM, again depending on IV. It'll be farther out as VIX rises. + +You only suffer max loss if the S&P500 drops 5% in a day or two out of absolutely nowhere (VIX < 15), or if S&P500 drops 10% in a day or two ***after*** freefall has already started. In 18 months, and with VIX rocketing to 85 during that timeframe, not once has one of my spreads even seen max loss....I'm sure it'll happen at some point, but if didn't happen in 2020, I'm curious to see when it would happen. + +**Why SPX** + +* 3 expirations available every week (Monday/Wednesday/Friday) +* Highly liquid +* Cash-settled. No underlying given to me on assignment. +* Low trading fees (for me personally - your mileage may vary) +* Beneficial tax treatment (60/40% long-term based on IRS 1256 contract straddles) +* Less "paperwork" to file for taxes. Futures and index options aggregate together on IRS tax forms, eliminating 200 line items from this trading strategy in a year + +SPX is awesome. + +**Alternatives to SPX** + +Some of you may not have access to SPX options. Or your account isn't large enough to be handle SPX options. They are huge. A single contract represents $300k notional. The cash-settlement and risk-defined trades help diminish the impact of size, but it's still a lot of underlying to carry around. /ES (futures) are half the size and should work as well (just be sure you understand fees, assignment, and liquidity first). SPY can also work and is even smaller than /ES. Again, understand assignment of shares and fees. You also lose the tax benefit with SPY. But on smaller accounts, this may be the only viable option. + +**More Reading + Full Trade Log and Performance History** + +I set up a website dedicated to just this one strategy. It's not an interactive website or anything. I'm not selling anything or pushing a service/newsletter. It's just a place where I can define the strategy in way more detail than I've done here, and also a place where I can maintain a current and updated log of all of my trades and performance history. To learn more about the strategy and see actual trades/performance, check out the website: + +[https://wealthyoption.com](https://wealthyoption.com/) + +I am ***not*** selling or advertising anything on that site, whether my own stuff or somebody else's. Yes, there's a donate page up there, but that's not why I created the site and not why I posted this. But if you find this, love it, and want to return the favor, there's at least that option. + +**Questions / Suggestions** + +If you're interested in this but have questions/concerns, fire away. I like to teach people, and I'm here to help. + +Or, if you're a pro or tried something like this before and see or know something that I'm missing, let me know that as well. Try to blast holes in my trading plan! I feel good enough about it now to finally share with the masses....but if there are any glaring holes or flaws, I want to know what those are. + +**Hope you enjoyed reading!!** +Just wanted to see how many of you guys don't actually have a side hustle, to make me feel better about my situation. I have a decent enough job as an environmental manager in heavy industry, but feel as though I could be doing "more" to increase cashflow and give me a greater sense of purpose. If you dont have a side hustle, do you have hobbies/interests that keep you fulfilled instead? + +My problem is I have so few marketable skills. I tried creating a youtube channel on personal finance but I'm awful at that, I got really good at Excel and Excel VBA but turns out the "freelance project market" is already totally saturated with guys from India, my DIY skills are non-existent, I can't draw/paint, I dont play any musical instruments and getting a weekend job at a supermarket isn't worth more to me than free time at the weekends. Maybe it's just not meant to be for some people. + +Edit: Thanks all for your responses,much appreciated you all have some great takes on this and I actually feel better about it now! +**Scenario: Carlos, a customer, buys a pizza from Mark, the merchant, and pays in Bitcoin.** + +First of all: **The question is not, whether VAT applies to the pizza**. That will definitely be the case. If I'm buying a laptop in, let's say, Germany for 1190 EUR, then 190 EUR of that (VAT in Germany is 19 %) goes to the tax man, regardless of whether I pay with euros, bitcoins or gold. + +The question is, what happens to the bitcoins afterwards. The merchant now has bitcoins and will want to get rid of them at some point. Either to exchange for euros or to buy a product or service. **So he is again selling a "product" (this time bitcoin, considered a commodity under current German tax law, as far as my reading of the law goes). If the product is not ruled VAT-exempt, he will have to pay another 19 % (or whatever the rate in his country is) at that point.** + +That's the issue. + +Another question is, whether that also applies, if the merchant uses BitPay. **In the worst case, BitPay could be considered as just an agent acting in the name of the merchant (their [terms of use](https://bitpay.com/legal) suggest something like that), thereby still putting the merchant in a position, where he - from a tax perspective - has briefly owned bitcoins and then sold them again.** + +In my opinion, **this tax question is super critical and needs to be the top discussion right now**. The Bitcoin Foundation and other Bitcoin associations (Bundesverband Bitcoin e.V. in Germany) need to closely follow the case C-264/14 Skatteverket v David Hedqvist where the European Court of Justice will decide about just that. And we need to provide resources to bring about a sensible ruling. + +See http://www.bitcoin.se/2014/08/21/i-need-your-help-funding-legal-costs-in-a-case-at-the-eu-court-of-justice-related-to-bitcoin-and-vat-exemption/ and consider donating! + +Edit: I should have added the disclaimer, that I'm not a lawyer and this is just my personal interpretation, which very well might be wrong. I have however been following this topic for a while, talked to various parties and read some of the laws involved. + +Edit 2: Alright, a little intermediate summary of the discussion below: I'm probably mistaken about the details of case C-264/14 as /u/rtuck99 pointed out. It seems that case will only deal with the question of whether bitcoin exchange fees are VAT-exempt. In my opinion my larger point still stands though, that the ECJ will likely decide about VAT on the bitcoins themselves at some point. Compare the [UK guidelines](http://www.hmrc.gov.uk/briefs/vat/brief0914.htm) on Bitcoin and VAT with [this statement by the German Federal Ministry of Finance](http://www.bundesverband-bitcoin.de/wp-content/uploads/2014/05/140512-Antwort-PStS-Meister.pdf) (in German, alternatively see this [press release by Bundesverband Bitcoin e.V. in English](http://www.bundesverband-bitcoin.de/wp-content/uploads/2014/05/Press-Release-Bundesverband-Bitcoin-PM-14-002_eng.pdf)). These two guidelines are - in my opinion - incompatible with each other. Something that ultimately the ECJ will have to resolve. Maybe that will not happen as part of case C-264/14 (but it might, as it's somewhat related, so it still seems risky to me, to let David Hedqvist fight that on his own), but it will happen eventually and we need to have our side presented well then. + +Edit 3: David Hedqvist [commented below](https://www.reddit.com/r/Bitcoin/comments/2ecxky/to_be_clear_an_unfavorable_ruling_by_the_european/cjyn8sh) that the case might indeed deal with the issue in a broader sense. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Is this normal? I've polled friends and family and no one has ever heard of that being done except with under-the-table side hustles. + +FWIW, my employer is a national chain with almost 2000 locations. Normally that would give me comfort, but there doesn't seem to be any organized onboarding process like I'd expect from a national chain. The whole operation is rather chaotic. + +Edit: thank you all so much for your comments. I feel a lot better now. I am still working to switch to direct deposit, but it's comforting to know this isn't tax evasion or a scam. Thank you! +How long do you guys keep your phone for? + +I want to get out of debt completely, I was just wondering if it was worth buying phones outright now and get a sim only contract. + +I love having the most up to dates phone but I was thinking if I get the best iPhone at the time like a iPhone Pro max and keeping it 3 years maybe it will hold out for that time? + +Is it any financial benefit to buying a phone out right? +Alright you guys, I see Dell jumped 21% starting at exactly 1pm, and peaking at exactly 1:30pm. I got a notification at 1:30 that the stock had jumped. Looks like WSJ published something at 1:35pm. + +I do not see any press releases by Dell or VMWare. So where does this info come from originally? How did people know at 1pm to start buying up the stock? + +This may be a dumb question but I really don't understand it. +Hi, + +I've accepted a job at big tech that pays very well ($350k+/year). + +I am from Europe and this is where I plan to FIRE after 4 years of this job (time for my stock to vest). I took this job (my first in the US) as a "fire accelerator" - I've always been very interested in FIRE, but ran my own businesses to get there while enjoying my time and myself. + +With this job I believe I can easily save 200k/year post tax, which will complete my stash after 4 years. + +These are very high amounts and I realize I am very lucky. Now I'd like to make a plan to make sure I make the most of it. I am well versed in general investing, but **would love to know about saving tips and tricks as an employee in corporate America.** + +Should I do the 401k thing considering I don't plan to retire in the US? Should I do the Roth 401k or the Mega backdoor 401k? Anything else that is smart to do in my position? + +Thanks! + +PS: Here's what my company offers: +\- 401k: 50% on the first 4% +\- Mega Backdoor Roth IRA +\- Roth 401k +\- Flexible Spending Account (FSA) +EDIT: Also, I am married and currently live in New Jersey + +**TLDR: new job in US tech, I can save 200k/year, plan to FIRE in Europe after 4 years, how to invest considering this?** +Hi, + +I'll be a first time home owner. I just got my offer accepted and started getting quotes on home loan. One of offers I have is at 2.75% for 30 year loan with zero points. Loan amount if $450,000 . I'm putting 5 % down. No origination or underwriting fees. Is this a good deal ? + +How do I shop for rates? When I check Bank or credit union rates, the advertised rates are much higher. TIA + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Link:https://www.marketwatch.com/story/tesla-sued-for-more-than-2-billion-accused-of-copying-design-of-nikola-hydrogen-trucks-2018-05-01?mod=mw_share_twitter +I'm 48 and would like to retire in a year and a half. I have about 750k, split between taxable, IRA, and ROTH accounts. Currently holding a large mix of stocks and bonds. + +I'd to know if it's possible to generate 50k (or more) per year in dividends with the right mix of ETFs or single stocks. Is that a pipe dream or something that is completely feasible? + +If you were task with putting a 750k portfolio towards that 50k per year income goal, what would you suggest? + +Thank you for your thoughts. +Let's play a game: what is the safest stock in the world? + +I mean, if the world was to collapse, undergo a prolonged period of depression, if the US dollar was to lose its' hegemony, or any other depressing event that you might think of. + +Which stock/company do you think will survive these hard times, and you are ready to hold it for the rest of your life? + + +Some rules: +1. No ETFs, only individual stocks. +2. You can choose several stocks. +3. You can pick a stock from whatever country you want. +4. Explain your choice. + +Let the game begin! +So I’ve seen far too many posts here praising SCHY without any discussion of the potential risks or downsides of investing in this ETF. + +I would like to present the bear case for this ETF and explain why I believe it will underperform from both a price appreciation and dividend growth perspective. + +First, it’s important to note that the underlying index which SCHY tracks is the Dow Jones International Dividend 100 Index. + +This index has has a 10 year net total annualized return (price appreciation + dividends - currency conversion) of 7.37%. + +For comparison, the DOW JONES 100 US Dividend Index returned 14.30% annualized (total return) over the same time. + +This is freaking huge. That’s nearly 2x the annualized rate of return. + +Now, it wouldn’t be fair to consider these two indices as equals because one is grounded in the US and the other provides international exposure. This is a fair point and a little bit of international exposure is warranted in a well-constructed portfolio. + +HOWEVER, there are far better options for international ETFs which will likely offer superior total returns. In particular, I STRONGLY recommend etfs tracking Asia (in particular China) as this is where economic growth is greatest. I would look into CXSE which is an ETF that tracks Chinese securities with <20% state ownership. Top holdings include big-names like BABA, TCEHY, JD, etc. + +Now, while this won’t provide you much dividends (the yield on the aforementioned ETF is fairly low), it will provide very high total returns. There’s a reason why some of the most successful investors and hedge funds in the world are so heavily invested in China (and BABA/TCEHY in particular). + +Later, once the etf has grown you can sell it and convert the funds to a dividend-paying index. This method will sacrifice some dividends now for a greater dividend yield in the future as long-term total returns should be greater. + +I also strongly believe that SCHY will be limited in its ability to grow its dividend payout over time. Looking at some of the top holdings we see Deutsche Post (3 year DGR of 3.3%), UL (3 year DGR 5.19%), GSK (reducing dividend after spinning off assets), Sanofi (3 year DGR of 2.1%). +The list goes on and on but basically the index holds a bunch of companies that have low dividend growth rates as a consequence of their high payout ratios. + +Just some food for thought. If you really want international dividends then this is definitely the ETF for you but if you care more about total return then I would suggest looking elsewhere. +So I’ve got around $40k to invest that I would like to get generating some passive income for me. I’ve currently got about $8k in SCHD (45%) VTI (25%) two REITS (7%) and stocks (23%) with about 20 total holdings. + +A friend of mine suggested putting the $40k into QYLD and letting the dividend buy the other stocks on a monthly basis. He views it as a dollar-cost-averaging approach for the current portfolio listed above. + +I’m 24M and plan on using this portfolio to supplement my income at some point in my life, but I’m not sure when that would happen. I just started investing in dividend stocks and discovered this sub which has taught me a lot and has helped me select my starting portfolio. I would also contribute to this portfolio in addition to my retirement savings. Obviously the tax implications of QYLD’s income would need to be considered. + +Hopefully you intelligent individuals can offer some help. If it was that simple of a plan, everyone would do it right? +For 3 years there was a debate about directv and warner purchases. T has huge debt! T has no idea what they are doing! + +In corporate America it is very rare to see management admiting to mistakes. This is a very healthy thing because everything they've done will make $Ts balance sheet much much stronger. They will probably buy back shares after offloading everything into new merger, making shareholders richer and company stronger. This is how a huge company grows - by share buybacks and paying off debt. They have a monster cash flow and will continue to do so with how many people are tied to them. + +Second thing - we will receive 71% of the new company. Maybe they will pay a dividend? Highly unlikely for first few years given streaming wars are eating huge amounts of cash, but this is a new asset with huge brands inside with proper management focused on growth. Worst case scenario you sell it, I sell it and we throw cash into dividend basket. + +In my mind I don't sell assets after one bad/ish kinda news. This is stupid. I have some cash in T and I will continute to have it there. My idea about investing is that the money is there to stay, stock will recover in 5-7 years after they will clear balance sheets and we will see a very strong telecom company with giant cash piles. I bought T for their telecomunication services, not media assets so for me in a way this is a bullish news. + +I am very curious about the new stock, how they will structure it. I love HBO, and some assets I will be getting - this is it, I will own a small part of the companies I take entertainment from. The more I have, the better. I don't understand why people sold so quickly, I get that if you wanted dividend aristocrats only, selling at 32$ on the road to 29$ was probably a good move if you bought it for 28ish like I did. But I didn't sell. + +Funny thing, I checked a lot of accounts around here saying "YEAH I AM OUT, STUPID MANAGEMENT" - they claimed a month before they are long term holders and are bullish on T. Whatever. +Hello, community. I started my stocks journey January 2020. I used acorns to begin. I didnt have any savings, i was bad with money, and i heard it was good for beginners. Learned that like 80+% of american’s didnt have 1000$ saved. And i didnt wanna be apart of that anymore. It took me some time, and in march it all went downhill. I worried, thought best to take it out and take a lose. And i was thinking of course this would happen when i just started my stocks journey xD + +Everything i saw and heard saying just keep going, buy it now cause its low. So kept going, and i got to my 1000$ goal. Learned about dividends and knew that would be my new plan. Started with ATnT, then went to Monroe Captial. Tried afew different stocks that werent divdend and gamble alittle. Made some more money, but i hated checking every day feeling paranoid if it dropped in price. And went back to dividend stocks. + +And i am here proudly to say. Im making 50$ a month now on dividends. And i will never go back!!! + +Edit: I have about $5000 invested. Which consist of QYLD, PSEC, and USAC. +What would you do in this situation? I'm getting a pile of cash shortly. With a part of it, I'm planning to have our next house built and will pay it with cash. I want to keep our existing house (20 years left on 30 year mortgage at 3.25%) and rent it out. I'm torn between paying off existing mortgage outright with another portion of the cash I'm getting because: all rent is profit and having peace of mind the house is free and clear vs. keeping the mortgage with less profit from rent but can invest the cash instead for a higher return. I know paying off mortgage or not is a common question and it just comes down to if peace of mind vs. more money through investing is more important but I thought I'd ask since this may be a different enough situation and that I might be missing something or have blind spots in my thinking. +\*\* ASKING FOR PARENTS \*\* + +Hi all, + +My parents are coming up retirement age and will have around $500K in their 401K. They have other savings but this is the bulk of their NW (not including roughly the same in their home). They'd like to supplement their income and I was wondering would be the best way to utilize the 401K to do that. Would it make sense to buy stocks in relatively safe investments (think SPY) and sell covered calls? Is there anything else they can do to supplement the income while keeping the majority in the account and still grow tax-free? + +&#x200B; + +No debts. House paid off. Thanks! +Im sure this changes from person to person but what falls into that 20-25% income being saved? + +Is it purely the amount being saved in your 401k/ other retirement accounts? Is it your retirement accounts + HSA? Is it retirement accounts + HSA + Personal savings/checkings? Is it retirement accounts + HSA + savings/checkings + employee match? +Feels like a dumb question, but I'm the first and only person in my family to get a job (grew up on Centerlink) and have no idea how tax works. If I claim TFT, will my employer still withhold a portion of my weekly income (will earn less that $18,200/ p.a)? +As the cryptocurrency market cap hovers above the $2 trillion mark, bitcoin - the world's largest and most popular cryptocurrency may touch the $100,000-mark by the end of this year with its current bull run. +Have any of you talked with your parents (or siblings) about their retirement planning? I’m thinking of family members who might start looking your way if they’re short of cash in retirement. If so, what did you say and how was it received? If they opened up, were you surprised by their real financial situation? + +If you don’t talk with them and they find themselves “suddenly poor” when they retire (by choice or by circumstance), what are your plans? Do you think it’s better to bring this up while there’s still time for them to do something about it, and risk them being upset that you did, or do you think it’s better to wait and deal with the potential fallout later? + +I’m amazed that some of my late-fifties/early-sixties friends haven’t done basic retirement math to understand if they’re OK. A couple make six figures and spend like they’re set for life, but aren’t close to financially ready to retire. I feel for their kids – they have every reason to expect that Mom and Dad will be OK, and will have some hard decisions to make and/or boundaries to set when they’re not. + +My parents are fine, but I have a sibling who probably isn’t (and who could reduce spending a lot if it were a priority). I’m not sure what to do with that one. +Ive been wheeling and mostly otm puts on some high IV. Uptrend in past month gonna have all my shares call away, and the csp all otm (no losses, small gains but all good). Basically by next week ill be 100% cash so im planning to try something else that might be safer in the foreseeable future. + +Would love to hear your opinions: starting a CSP on VTI (or any other decent etf?) hoping to get assigned, from there monthly CSP and CC with CSP on lower delta (otm) while CC atm because im bearish. So like a bearish short strangle. + +Reasons why i choose vti over spy is better dividend % i dont mind holding up to 200-300 shares. I was hoping to strangle higher dividend etf like SCHD but its options not liquid. Still im not sure to do vti or just straight into spy with much better liquidity for strikes and dte. Or do some other safer income strat altogether. Thx. +We can’t deny the fact that Bitcoin and Ethereum have been number 1&2 for a VERY long time. And looks like it will continue to be like that for years. (Unless Ethereum flips Bitcoin). But what coin deserves to be in 3rd position? I know that BNB is the 3rd largest by market cap. However, it is like that because Binance is “forcing” its use. Moreover, I don’t like the fact that BNB is “centralized”, so for me it doesn’t deserve the 3rd spot. Does ADA or Solana deserve it? By being in 3rd spot I mean in the long term, not a coin that pumps this bull run and then we never see it again. +I'm a long-term passive buy-and-hold type of guy, and for many years I've held a small overweight in emerging markets (specifically Vanguard EM - (VFEM)). + +I've never really lost faith as such in any broad-based index tracker, but I don't know, it just seems to perpetually underperform. Since 2012, VWRL is up 172% and VFEM only 59%. + +My basic reasoning at the outset for having a slight overweight was that it would be these economies powering the long term future. Instead, it feels like they just continually suffer the worst combinations of natural disasters and government corruption pilfering profits. + +So, I'm curious to gather views, do you still feel emerging markets are worth paying any attention to as a broad group for the long term 'boring' investor? + +Or are they only for those who want to be more active and select specific countries at specific times? + +Or just dump entirely as a bad job? +[This article](https://www.valuepenguin.com/average-cost-of-health-insurance#nogo) lists average insurance prices for 2018, and says "Older consumers will see higher rates with 30 year olds paying 1.135 times more, 40 year olds paying 1.3 times more, 50 year olds paying 1.786x and 64 year olds paying 3 times the cost listed." + +How are you are adjusting your cost of living for healthcare expenses as you age and make plans toward leaving a full time job? +Now this might get downvoted to hell...I have seen more posts with religion based people (God, Noah etc) in post in the last couple of months and I really think we have to be careful! I think it's important to take religion out of the conversation when it comes to GME. Put it in the same topic as politics. Hey, believe in what ever you want to believe in, I am no hater when it comes to that but when if comes to shill tactics don't you think the term "cult" also gets paired with "religion"? Imagine that in the media when we rocket??? + +Just to be clear... I am not hating... Ape don't fight ape... Believe in whatever you want to, I am writing this post because I care and respect all of you... Unless you show me otherwise and then poo is flung... + +Politics has no place in r/superstonk right? Religion should also be added to the banned list of topics to avoid cult related status. + +Peace! 🍌🍌🍌🍌🍌🍌🍌🚀🚀🚀🚀🚀🚀🚀 +I recently moved out of my condo and decided to give it a try and rent it out instead of selling. I started the process 1.5 months before the date when I would like it rented out -- September 1st. + +In the meantime, I found a tenant but they really need to move in on September 1st and can't delay their move. + +Everything that needs to be done by me is done and the ball is not in the city's court but they are taking their time getting back to me regarding the rental housing license. I would love to not lose this tenant. + +Please share ideas on what to do. + +Since I can't collect rent without a license, my idea was to let my tenant move in on September 1st and let them live there for free, until I get my license. The unit is vacant anyway and I'd rather not lose the tenant and have to start anew. Can I let a potential tenant live there for free and then move on to sign a lease only after I get my license? +My wife and I are trying to buy a house and are applying for pre-approval. We have never missed a payment on anything. We have some CC debt from a move that we are paying over the minimum every month and have paid off 2 car loans with 0 missed payments. + +We got a call today that they cannot pre-approve us because I have a student loan from my college that has been sent to collections. + +I was super confused because I haven't had a balance on my college site sine 2016. I checked everywhere and had no notice of overdue payment. I have federal loans that are frozen at the moment but I am still paying on them. I didn't pay for about 6 months during the pandemic because of a big move, but I never missed a payment before. + +Is there anything I can do? We have alot of savings for a house but I dont even know where I can pay off the loan I have no info. I would not have even known if I didn't apply for a loan. + +UPDATE: + +Shout out to u/mypourgrammar for the Perkins loan tip. My Dad was a life saver when I was applying to school and helped me with all the loan stuff, I didn't pay attention as close as I should have and I am paying the price now. + +I called my college and they were no help at all, I just kept getting handed off to other people and no one could give me any answers. So I looked online about the Perkins loan. I called the number and the guy helped me out and it turns out I do have a 3500 loan out. But they had my wrong email, adress and phone number, basically due to moving across the world after graduation. + +Long story short I paid in full the amount, the guy I talked to was extremely helpful, and understanding. My main concern was to get it away from collections. + +I called our lender and explained the whole situation. They were also extremely understanding approved us for what we asked for originally, because I paid off the entire amount and we had a perfect record of payments outside of that. + +Next thing I need to do is see if I can't recover my credit score. +edit: The results are in and indicate that a clear majority of people agree that 'the economy' is a wide topic with a variety of players in it as explained below by Investopedia. The moderation of the sub will continue to reflect that. + +Vote results: + +The Investopedia definition is pretty accurate: 70% + +The stock market: 6.4% + +Just the US stock market: 1.4% + +Just hard economic data: 9.3% + +Politics has nothing to do with the economy: 8.6% + +If I agree with the political slant, then it's about the economy. Otherwise it's spam: 4.3% + +------------------------------------------------------ +Here is [Investopedia's](https://www.investopedia.com/terms/e/economy.asp) definition of 'the economy'. + +&#x200B; + +\> **An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. These decisions are made through some combination of market transactions and collective or hierarchical decision making. Everyone from individuals to entities such as families, corporations, and governments participate in this process. The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to the choices and actions of the participants. For this reason, no two economies are identical.** + +That's a partial definition. Investopedia goes on to explain in more detail, but it is still merely a basic and simplified definition. Generally, the idea is, the economy is an expansive topic covering a wide variety of activities undertaken by consumers, governments, corporations, and other players in society. It also encompasses the means of production and resources. + +There have been a number of complaints from users who feel they have a better definition of 'the economy' than Investopedia. However they never explain what their definition is. They just make wild accusations and report material they don't like for whatever reason as "not about the economy". + +&#x200B; + +So if you have time, fill out this poll. It will help the mod team to understand what people mean when they say certain material is 'not about the economy'. + +&#x200B; + +Unfortunately 6 is the maximum number of questions reddit allows. If you have a different definition, make a comment. + +[View Poll](https://www.reddit.com/poll/k6v29p) +The Fed can issue overnight securities loans to prime dealers via two methods: + +1. the ON RRP facility, established in 2013 which has been getting a lot of hype after hitting $534B yesterday +2. [SOMA Securities Lending Program](https://www.newyorkfed.org/markets/sec_faq.html), which has been around much longer + +The unique thing about the ON RRP facility, is that it loans to a wider audience of dealers, including MMFs like our friend BlackRock and others. However, the SOMA lending program only deals with [GSIBs](https://www.fsb.org/wp-content/uploads/P111120.pdf) (Global Systemically Important Banks) and lent them an additional cool $**‎216,148,000,000** ***just yesterday****.* Plus, it's not just T-bonds that they're lending out - it's Bills, Inflation-indexed bonds, floating-rate notes, and even ABS (although it doesn't look like they're doing that now) + +[*https://apps.newyorkfed.org/markets/autorates/seclend-search-result-page?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000*](https://apps.newyorkfed.org/markets/autorates/seclend-search-result-page?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +This reinforces the reality that there is a major collateral liquidity problem, for a number of reasons beyond over-leveraged equities. I am working on another DD that will help illustrate the big picture and global movements, but wanted to share this with you all first. +&#x200B; + +https://preview.redd.it/rfk0os4rjob91.jpg?width=679&format=pjpg&auto=webp&s=747a60b20226f1ab0e429fce381b3ce66b39511d + +Ethereum gets a lot of love from the crypto community for being properly decentralized, but has anyone actually taken the time to analyze that network using Ethereum's own topology tools? A Twitter user noticed something quite obvious that maybe none of us have seen before: + +"Few will acknowledge that of ETH's \~5000 mainnet nodes, a full 2/3 are hosted, 50% with AWS, 17% of which is in a single data center in Ashburn, VA. As it was said by venerable eth guy "they are a party to your network." + +Not to unduly cast stones, I just think there needs to be a bit of "parity" in the decentralization discussion ;) " + +https://preview.redd.it/y5jed6lvjob91.jpg?width=680&format=pjpg&auto=webp&s=942e3cd205cfd80809f40ae504b60ec8ac920828 + +I find it highly ironic that other networks (which I won't name) are often scrutinized on Reddit for running in a data center or not being decentralized enough, but when you really look closely at Ethereum, it's really not that much better in this department either. Especially when you factor this plus the LIDO issue, best explained by Laura Shin and co on the Unchained Podcast. [Also worth a watch](https://www.youtube.com/watch?v=63SGtF67aog). + +Folks, I'm not trying to create more FUD here or even say that Ethereum is a bad product. Ethereum is clearly something great. But please consider these facts next time you put it up on a pedestal as the most decentralized L1. + +[Credit: Ashql / Twitter](https://twitter.com/solanobahn/status/1547604262527463424) + +**Correction:** \* Hosted nodes, not all nodes. The number is still very high, regardless. Thanks all who caught that, I regret the error. The top comment has the clarification below: +In case you have not seen it: http://www.mrmoneymustache.com/2018/04/10/hacking-hedonic-adaptation/ + +Interesting perspective and good reminder to choose wisely on the things you spend...even if you think you want them. + +Also I know he is a bit out of flavor on this sub for various reasons, but for me (like many here I'm sure) he was my first glimpse into FIRE...so if you don't like it...just click back and move on :) +I work a shitty retail job at Dollar Hell, I'm a keyholder so when the manager is gone, I'm the MOD. I work late counting the deposit. Sometimes until 10:45PM when the money is missing, which it usually is because of the new cashiers losing money. My manager edits my time card to 10:15PM every night that I close, even when I'm there way past that. I have let that slide for weeks because I understand that we can't go over hours that the store is allowed to spend. But this bitch finally pissed me off. Payroll ends Fridays. Friday afternoon at 3PM I would have had 39.75 hours. I worked until 4:30 BECAUSE SHE WAS LATE TO WORK. So that gives me 41.15, right???? No. She took my time card and edited back to 3PM. + +Please someone give me advice. If I call the ERC, I will have to deal with an investigation and she will be on my ass permanently until she finds a way to fire me. + +Edit: I have a coworker on my side that says her hours have been cut a bunch of times too and if anyone asks her she will tell the truth. +I have retired on Friday. My wife has been retired for about three years. + +This post is a bit about our path, and a bit about our concerns. + +We came to the US in 1990-1991; I became a grad student here. I got an RA, and did not have to pay tuition; they even paid me a small stipend ($1100/mo in a VHCOL area). After graduation, I had a temp position for a year, then started to work for various hi-tech companies in a HCOL area. My wife worked most of the time (except for the last three years and after birth of our second child). Both kids are out of college now. They went to a state school, and we have paid for their education. + +Coming from a humble background, my wife knows how to save money. We are not materialistic, and do not care about designer clothes or nice cars. The only really expensive purchase was our house, which we bought exactly at the peak. It has not reached the original price, but we like it and are not planning to move. We were moderately lucky with our investments, but did not have spectacular returns. I came to US in 1990 with 30 dollars, my wife and daughter came in 1991 on money that I have borrowed. Given what we have now, we fared well. + +Now I am pivoting to reading, writing and teaching math. I observed the state of math education in US when my kids went to school, and I think there is a lot to be desired here. I am talking to a private school in the area about teaching an elective class there. (Public schools require a license.) + +In addition to 401k plans and IRAs we have some rental real estate. Altogether, real estate is about 2/3rds of our NW. We should be fine. Still, I am not very optimistic about SWR. Here comes a bit about our concerns, as promised. + +I am afraid that the common 4% may be too good to be true. Having a quantitative background, I've got various considerations to support this concern. I will not bore readers with my own rambling, but will quote a book “The Battle for Investment Survival” by G. Loeb, who in turn quotes another guy. Here is what Loeb writes: + +“Capital compounded at 6% doubles itself in money value in only twelve years, and at 5% in little more than fourteen years. The fantastic results of this process were illustrated by the late Frank A. Vanderlip in a *Saturday Evening Post* story of January, 1933. He pointed out that if the rich Medici family in Italy just six hundred years ago has set aside at 5% compound interest an investment fund equal to $100,000, its 1933 value would be $517,100,000,000,000,000 (five hundred and seventeen quadrillions). The original sum could have been represented by a globe of gold about nine inches in diameter, and the final figure would be 46 million times the existing monetary gold stock of the world.” The author proceeds to write that “There are many … threats, such as taxation, regimentation (including rationing), war, new inventions, political changes, and revolutions”." + +This argument states that the recent 7-10% returns of stock market indices may not be sustainable, universal or both. Both the productivity growth and the population growth have slowed down. It is hard to imagine that real returns of the stock market (after inflation) will beat these two variables on a continuing basis. + +We have selected a conservative approach and can use a withdrawal rate, which is lower than 4%. Being 58 also helps :-) + +&#x200B; +What are the specs of the computer you use for trading? + +What tasks do you accomplish with it? + +How does your hardware handle the load? + +Asking for a friend. I don't do algo trading, but he does and I'm looking to help him build a pc +Hello All, + +Does anyone know the benchmark numbers for the lowest latency for FIX decoding? What kind of technology was used for the same and if possible point me towards some literature where I can read more about it. + +Thankyou! +**EDIT: I think this post was misinterpreted as a HODL post. I apologize. It was meant for the new people. The people who are panicking and pressing market orders without any real reason. Traders be traders. This was made as a message to myself a few years prior when I had no idea what I was doing and unable to truly understand how markets react. Trading is best left for those with experience. Paper trading or trading small amounts for training purposes is recommended for first time traders looking to get into trading. Follow the news religiously as you got to see first hand how news can affect the market. Crypto trading involves news and Technical Analysis. Mistakes will be made but your resilience is what will make you a better trader.** + +To be honest, I have realized that playing bear trends are much harder than bull trends. If you can assume the price of ETH will be higher in the long term, it makes more sense that you can just hold and wait until the price recovers to that point sometime in the future and you will still have the same amount of ETH. + +Since the price of ETH is assumed to be higher in the future, if you sell during a bear trend and the price doesn't reach that point because of a reversal to keep following the long term bull trend, you get stuck in fiat or BTC and end up buying back in higher so you end up with less ETH. + +Crypto really tests the strength of your balls. A big thing to remember is that previous trends do not predict future trends and comparing previous trends to future trends is outright wrong because market sentiment is always different at different points in the graphs. + +To put into perspective, if we touch $250 from $290 (Now) and you are still holding onto your stash, that's a -16% loss in USD value. In crypto, that really isn't that much and to be honest, you will not time every drop perfectly so you have to set limits to how much you are willing to lose. The markets are highly irrational and is flooded with people who do not grasp how the markets work (Irrationally). + +Now, think into the future and we are currently at $250. You already lost 16%. If we touch $200, then now that's another 25% loss from the $250, right? You are probably thinking "Why didn't I sell earlier at this point?". + +This is where I mean the test of your balls comes in. By selling at $200, you are now wiping 45% of your ETH stash. You now hold 45% less USD and FIAT from the original $290 (Today). The thing is, do you really think ETH will drop below $200 by much? If you already lost 45% and ETH is at $200, you must be pretty crazy because that means despite all the new announcements and developments and ICO's developing dApps in their early stages that wasn't there during the first time we touched $200, you are saying that ETH is still the same ETH that it was at $200 2-3 months ago before all this news came out and Metropolis Part 1 wasn't even known yet. + +Ethereum is still in BETA. If a BETA project is currently worth $200-$400, imagine what the final product will mean for the price of Ethereum. Also, Proof-of-Stake means that people will need to lock their ETH into wallets in order to earn more ETH and support the Ethereum network, reducing the available supply even more on the markets. This reduces sell pressure as ETH is seen as highly valuable enough to hold from selling on the markets. We all know how crazy the miners are. Imagine how crazy Ethereum will be once PoS comes into play. ETH will also be used for different dApps and maybe eventually other cool things that we haven't thought of yet. Smart contracts are something the world is coming to realize is very important in a place where accountability is currently centralized when it shouldn't. Ethereum is the seed that started it all and just like how Bitcoin brought new cryptocurrencies, Ethereum will be the gold standard and front runner for reliable information in the future that can't be corrupt. Seriously, smart contracts backed by a blockchain solve the issue of trust for many things in the world. Blockchain revolutionized the world by removing trust and bringing a ledger into existence that is not able to be forged. + +If you don't know what you are really doing, don't trade a bear trend. Dollar Cost Average buys or pick up sharp dips. If you think the value of ETH will be higher than it is today in the future, there is never a good reason to sell at a loss. Imagine once the Ethereum ecosystem thrives and the price starts skyrocketing. Ethereum and Bitcoin (The Big Boys) will suck up all the money and clean out all the bullshit crap in the crypto space. I'm talking about all these low marketcap garbage. That was the old crypto space. Things are changing and now that people have standards and more knowledgeable, less people will invest into garbage BitcoinTalk random ICO's made by 2 dudes at their parent's basement. It will get harder for garbage as people now have something finally to compare what real blockchains should be and how they can affect the world. + +The old crypto is fading away. Old crypto was riddled with fantasy dreams and scams because it was the wild west. Now we are evolving into a more civilized era where it takes credentials to raise funds. Back then, no one knew what was possible. Being in the crypto game for many years, it has been a pleasure to watch the space evolve. My message to all /r/Ethtraders and anyone that comes across this post is to be patient and never let go of your crypto unless some comes and pry's it from your cold, dead wallet. Don't be that fool that loses a small future fortune because you wanted to gamble with your stack. The only time crypto should leave your wallet is when you want to purchase something or spend it because spending also shifts the crypto from early adopters like us to new people and stimulates the crypto economy so that maybe the next guy that receives your coins might take them and bring new ideas to help further flourish the crypto economy. + +**TL;DR:** Stop freaking out over micro level charts and think longer term. You won't get rich in 1 day and surviving with more coins is more important than risking solvency if you don't know what you are doing. Medium to long term traders survive longer in crypto than short term traders. Go take a break. Live life. Be happy. If you think the price of ETH will be $3,000 in the future and you are constantly making bad trades due to FOMO and panic, saving what you have for a guaranteed return is better than risking short term trades and losing coins. +I'm not sure if this is just me, but I feel like the gap between expensive food and budget food has reduced as a result of the cost of living crisis. I've always bought the expensive stuff so haven't paid too much attention to the price increases of the budget food but it still seems like they've gone up much more. For example I remember that the standard Morrisons chocolate was £0.45 and now it's £0.89. That's an increase of 98%. The top shelf chocolate was £1.50 and now it's £1.69, which is a 12.7% increase. Is this some kind of sad joke? Why are the poorest people facing the biggest increase in their cost of living? If this is not a fluke, and prices really are rising more for budget food compared to high end food, why is that happening? +I think it’s better for us not to fight other communities and their drawings (speaking about Portugal). This will piss them off and they will join shills in vandalising our own drawing. + +Focus on keeping the main drawing free of vandalism!! + +We need more apes to hold the line and stop the rocket becoming a dick and DFVs face from becoming a potato. Do your part!! + +Edit: Germans have cut out the bottom third with their flag. Trees are encroaching on immutable and among us are just going all out vandalism + +Further edit: I WANT TO THANK ALL OF YOU!!! THE APE ARMY HAVE ESTABLISHED OUR PRESENCE! It was a great battle fought that will be told in stories for generation, how the EUROPOORS and ASIAUTISTS held back the shills till the AMERITARDS answered the call for help! 💎🦍🦍🦍🦍 now off to the moon with our MOASS candle 🚀 +I think it’s better for us not to fight other communities and their drawings (speaking about Portugal). This will piss them off and they will join shills in vandalising our own drawing. + +Focus on keeping the main drawing free of vandalism!! + +We need more apes to hold the line and stop the rocket becoming a dick and DFVs face from becoming a potato. Do your part!! + +Edit: Germans have cut out the bottom third with their flag. Trees are encroaching on immutable and among us are just going all out vandalism + +Further edit: I WANT TO THANK ALL OF YOU!!! THE APE ARMY HAVE ESTABLISHED OUR PRESENCE! It was a great battle fought that will be told in stories for generation, how the EUROPOORS and ASIAUTISTS held back the shills till the AMERITARDS answered the call for help! 💎🦍🦍🦍🦍 now off to the moon with our MOASS candle 🚀 +This is the first batch of futures expiring 4 PM London time (upvote to stop FUD). RELAX, short positions will unload BTC that they used in the spot market as a hedge.. Buy the dip if you’re lucky and we get one. Stop panicking. +I came home with a letter in the mail indicating my wife had life insurance from Mutual of Omaha. She died 9 years ago, so this is coming as a complete shock. I was the one who had a job and had life insurance, so I didn't know she had coverage. What kind of value could I expect? Please feel free to speculate, I can't call them until tomorrow. Right now I'm completely stunned and of course this brings back memories and thoughts of the past. + +Update: I called the company first thing in the morning and found out the life insurance is valid, but the agent wouldn't discuss the details. I have to wait for a specialist to call me back, and they didn't call yesterday. I was at work all day so they wouldn't have reached me anyway. I'll call again today, and I also have a few days off. Hopefully I can get all of this cleared up in the near future. + +Update2: I was able to find out the "face value" of the life insurance. Its $12,000. I would assume that means there will be interest on top of that? If so, can you speculate as to how much it might amount to? Or, does the "face value" already take into account gained interest? +Coinbase just added Bitcoin Cash to their service without any announcement. There is clear evidence of insider trading which should be outrageous enough on its own but I feel like people are missing the other part of this. Coinbase, the largest exchange in the US, geared towards inexperienced crypto investors, just added a new coin to their service without warning. + +We knew it was coming but it’s unacceptable that the date and time was not announced well in advance. This is market manipulation and this should worry a lot of people. BTC crashes and BCH gets pumped to the point where Coinbase feels the need to halt trading. What did they think was going to happen? I’d like to chalk it up to incompetence but all the evidence points to incredibly shady behavior. We should expect and demand better than this as a community and I hope the SEC or any other relevant regulatory body investigates Coinbase thoroughly. + +EDIT: It’s shocking and disappointing to see people justifying insider trading and market manipulation. Saying they’re going to release Bitcoin Cash “before January 1st” is not even close to the same thing as specifying a date and time in advance to the release. You don’t have to take my word on how this created mass instability in the market. Just look at the last four hours. + +EDIT 2: The point is Coinbase should have been transparent and they weren’t. If they had been specific with the timing, you wouldn’t hear people complaining. + +EDIT 3: http://www.bbc.com/news/technology-42425857 BBC article citing exactly what I said about insider trading. + +I’ve received so many responses saying that we “knew it was coming and you’re just salty you missed the boat” and “you’re clearly just a BTC shill.” The assumptions about my motivations for this are borderline insane. This has nothing to do with me being salty about not buying BCH as everyone has (unnecessarily) repeatedly said that I could have bought a long time ago. It’s almost as if this has nothing to do with me making money and everything to do with transparency and fairness. + +Announcing a specific time matters. It reduces uncertainty and gives the people participating in the market the best opportunity to make decisions. In what world is transparency a bad thing? + +EDIT 4: And now a Yahoo finance article + +https://finance.yahoo.com/news/leading-crypto-brokerage-coinbase-fire-possible-insider-trading-bitcoin-cash-162147599.html + +EDIT 5: So people are saying that they did announce the release (they didn’t no matter how much you’ve deluded yourselves into thinking that they did) and also that if they had announced it, it would have spiked anyway. So which is it? Cause it can’t be both. + +BCH would have certainly spiked both at the time of announcement and at the time of implementation but because uncertainty is reduced and the road map is clearly defined, the market has a better way of dealing with it and anticipating it. Announcing the day and time trading begins does not shock the system in the same way that allowing trading without warning does. + +Also are we just ignoring that they allowed trading with no liquidity causing the price to skyrocket and people to lose money in buys and arbitrage attempts? Why are some of you bending over backwards to defend at worst, fraud and at best incompetence? +I recently upgraded to quite a large house, 15,000 square feet, on 30 acres. It’s everything I wanted, the kids love it, etc. I know many of you have done the same, but there is a logistical issue I cannot quite figure out. + +With such a large house, it is easy to “get lost”. What I mean is that even yelling as loudly as you can, you cannot be heard elsewhere in the house. The house has an intercom system, but I feel that makes the house seem dated. I have considered radios (cell phones don’t work due to the thickness of the walls), but that seems janky. + +How do you solve this problem? +This subreddit is (appropriately so) an echo chamber of the benefits and pros of FIRE, but not really the cons. This is not a bashing post but instead intended to discuss scenarios causing potential regrets or cons of FIRE. I hope this is helpful to most of us, because downsides, as few as they can be for FIRE, certainly do exist. A few that I can think of: + +1. +If you fail years after retiring, you may no longer be as marketable or hireable in your past field of experience and may be forced to take a menial low paying job to survive. Meanwhile, your coworkers from before are still doing fine with their old job with better and perhaps more tolerable income stream, than your new gig stocking shelves at walmart. + +2. +You become very sick or disabled early after FIRE, and then wish you spent more of your wealth earlier when you could have fully enjoyed it. + +3. +Very high inflation and stagnation wrecks both the bond and stock market just like in the 70s, but more prolonged. Your portfolio is unlikely to recover as you are forced to keep selling more and more of your principal to survive, as the costs of living continue to increase rapidly. You wish that you had spent your money earlier on things or experiences to enjoy because now your portfolio is being lit on fire and you can’t ever get it back. Inflation can be a great equalizer because your peers who didn’t save anything now have their fixed debts become cheaper to service, while your savings are eroded. Also inflation will cause you to withdraw more, and can potentially push your withdrawal income into higher tax brackets, destroying even more wealth. + +4. +Universal basic income is somehow implemented and almost everyone achieves the same FIRE lifestyle as you, even if they didn’t save a dime. Or, technology advances exponentially and everybody gets plugged into virtual reality paradise for a better life, so all your saving and money hoarding for decades put you in no better spot than everyone else who didn’t. You missed out on spending your wealth earlier, before these sweeping changes. + +5. +Political turmoil: If you retire to a southeast Asian country as an expat for example, but a coup occurs and your assets are seized by the new dictatorship. Your acquintances who didn’t FIRE are still in your home country working in the same cubicle but are clearly better off. + +Or if in the U.S., intense populist sentiment allows new lawmakers to get elected on “eat the rich” platforms and destructive wealth taxes areimplemented which ruin your portfolio. You envy your neighbors who spent and lived their income while saving nothing, and now you are emptier handed than they are. +I’ll admit that I’m very biased towards Ethereum as I’ve been a major supporter since day one and no one can deny that it changed the crypto scene forever and put a precedent for what decentralization and security should look like. + +However, I also can’t deny the fact that Ethereum wouldn’t have been able to reach this level of popularity and influence if it weren’t for L2s and commit chains helping it out with traffic. + +Traffic has always been THE major issue plaguing Ethereum and this problem remains to this day. And so L2s and commit chains are part of the identity of Ethereum. + +In fact, Ethereum is taking a rollup-centric path in the upcoming years and it obviously can’t do that alone. This is exactly why we’re seeing so much money, time, and resources being invested by every Ethereum scaling solution towards developing new technologies. + +Let's not forget that some scaling solutions like Polygon have already allocated more than a billion dollars towards expanding their zero-knowledge technologies and they now have 7 solutions ready to help scale Ethereum. + +Other projects like Loopring and Zksync have already started gaining so much attention for the development they’ve been making in the zero-knowledge fields. + +With time, these scaling solutions will become literally part of Ethereum where they become integrated into the Ethereum ecosystem in a way that a person might think “I can’t believe these were two different products” +I recently accepted a job offer for a fully remote position. When I joined on I noticed that my work location was incorrect and I asked HR to correct it to my state, so that taxes etc would be properly handled. + +HR turned around and said, we made a mistake while making your offer and made you an offer thinking you were in a different location. We will have to re-calculate your base salary and since this is a low cost location, expect a 10 - 16% cut and a new offer letter. + +what are my options here? I like the team and enjoy the work for the past month but this will be a huge cut in my salary for no fault of my own. I have an email to the recruiter confirming my remote status and that I wouldn't be joining physically at their HQ. +Lets say that in year 1, I have $0 saved and plan to retire in year 30 with $1 million in year 1 dollars. To make sure I have the same buying power, I calculate how much to save by assuming a lower rate of return that already accounts for inflation. So in year 30, I should actually have more than $1 million year 30 dollars, but it will have the buying power of $1 million year one dollars. + + If I want to evaluate my progress toward FIRE at the beginning of year 16, how do I do that? Deflate my savings to year 1 dollars and see what fraction of my $1 million goal I have? + +Thanks! +so i noticed the performance on my 401k is really low, like 2% ytd. But i have the exact same funds in my rollover account and the performance averages around 10%. So after researching- I discovered i am paying fees constantly- like every 2 weeks for every fund. Basically its costing me all my gains. Argh! +i am 51 & independent so i have been saving the absolute max i can afford into this 401k. currently it is worth 123k and i contribute about 500 a week. I have no employer match. Is this a big mistake? +Will i continue to pay these advisor and trustee fees even if i stop contributing? +Should i borrow 100k out and invest it elsewhere? +I also have a roll over account, roth ira and brokerage account worth about 110k. +Any advice would be greatly appreciated! I am totally self taught when it comes to finance and almost all my holdings are in Vanguard index funds and low expense mutual funds. I am also starting to research and buy dividend stocks - about 5k total + +Update: BIG thanks for all the suggestions and advice. I appreciate all the different points of view. +I am def. going to discuss with my employer. Its a really small family owned business. there is no HR department . hopefully they'll make some changes. I am thinking i will drop my contribution from 18% of my pay to 5%. Use after tax money to max out my roth IRA and keep investing on my own. My retirement accounts are not super impressive I know, but I have paid off my home which was a huge goal for me. + +Update 2: +I paid 163$ in fees for the month of October +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +300 million global crypto users can impose their own individual economic sanctions if they choose to make a stand. + +Bitcoin is the personification and crystallisation of the liberty and freedoms of humanity. + +The peaceful exchange of harmless cryptographic code should be a fundamental god given right if its the expressed will of a people. + +Yes crypto can't and will not ultimately be stopped. + +However any government taking a forceful action to ban it's population from participating in an open and decentralised global network, needs to be sent a clear and united message from the rest of civilization that this beach of human rights will not be tolerated. + +Holding or transacting in cryptographic code should never be considered a crime. The real crime is against.humanity when an authoritarian dictatorship attempts to forcefully block humans from participating.in the greatest financial liberation in history. + +Bitcoin is proof that every individual counts and when we collaborate and cooperate together we are force to be reckoned.with. + +It just takes handful of people with belief to start a revolution and make voices heard and actions felt. + +On behalf of the human rights of my fellow global citizens in China... I'm banning myself from funding the government of the People's Republic of China. +Not sure how many of you are already aware of this, but I was booking flights the other day for 4x adults on one of our favourite budget airlines (rhymes with LionHair). +Anyway on the choice for ticket you can add a certain level of "extras" I'm going to say - priority boarding, luggage allowance and all of the sorts of things. + +I figured I'd try two ways of booking. One with them added on at the point where you choose the flight, and one where you say no extras and add them on at the checkout and well yeah... Turns out adding them on at the checkout was actually ~£90 cheaper. Links to an Imgur album of two photos I took are [here](http://imgur.com/a/RKQOw8H). + +Like I say, not sure how many of you know it but you can see flight numbers are the same, times are too. Hope this saves at least someone some money. +Old Zen proverb. I posted this because I've seen posts here where someone may worry about finding meaning after retirement. As it turns out, when you can truly be present in the moment, like a child, your whole concern over meaning will melt away. Enjoy! +$STARBOY 🌟 is a brand new BEP-20 token on the Binance Smart Chain network. + +Starboy's story: + +As a child born in the nether, Starboy showed impressive musical talent. Fusing radioactive soundwaves with gravitational fields, his beats could be heard from galaxies far away. As we send him back to his rightful home amongst the cosmos, Starboy will take with him a pop culture NFT marketplace that will serve as a promotional platform for young, aspiring artists who hope to one day have their names spoken in the streets and written in the stars. + +This project will have an actual use case, unlike all the other meme-coins in this space. We are planning on releasing an NFT marketplace for hip hop artists (to begin with), and our tokens can be used to purchase such NFTs. We intend on making an impact in this space! + +Quick TLDR: + +Whitelist competition is currently live. 20BNB for whitelisted addresses , 10BNB for public presale (0.5 max contribution per wallet), all on Unicrypt to avoid botting. Join our telegram to get more information. + +✅ Verified contract on BSCScan + +✅ Total Supply: 1,000,000,000,000,000 $STARBOY + +✨ 5% Reflection to all holders + +✨ 5% to Liquidity + +Links Below + +Website: [https://starboy.finance/](https://starboy.finance/) + +Telegram: [https://t.me/StarboyBsc](https://t.me/StarboyBsc) + +Contract address: 0x1dBD5494762B0e9314Ae75C2635869387a4CaDB4 + +From the Planet Crypton, StarBoy got thrown out of orbit and is lost in the cosmos. He needs our guidance. We need to band together, to save our poor wandering soul – and guide him to a new home, among the stars. + +Help StarBoy take off by hodling $STARBOY tokens! +I'd like to cut down my hours at work. I have extensive real estate holdings which will make this possible. Recently started a dividend portfolio. I like DIVO and JEPI. Any good ideas on how to subsidize my income longterm with dividend investing? +VICI is a Casino REIT or as Yahoo Finance puts it "an experiental REIT" + +"It owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. " + +It did an overnight offering that caused the stock to drop around 4% since market open it has continually sold off and is now down 5.56% to $29.99 ($-1.76) where it has floated around the last hour. + +I'm curious what everyone thinks of it, its yield looks great with 4.8% at the current price and has continually grown its dividends even in 2020. + +**Properties:** + +* 29 "gaming facilities" (basically Casinos) +* 200 restaurants, bars and nightclubs +* 4 Championship golf courses +* 34 acres of undeveloped land adjacent to the Las Vegas Strip + +**It has beaten the last 4 Quarter earnings** + +* Q3 2020 + * Expected: .34 Actual: .74 +* Q4 2020 + * Expected .48 Actual: .53 +* Q1 2020 + * Expected: .49 Actual: .50 +* Q2 2020 + * Expected: .49 Actual: .54 + +**Profitability:** + +* Profit Margin: 85.88% (based on most recent quarter) + +**Balance Sheet:** + +* Total Cash (mrq): 407.52M (0.76 per share) +* Total Debt: 7.14B +* Total Debt/Equity: 73.39 + +**Dividend:** + +* Dividend Yield: 4.8% (@ $30.00) +* Increases Dividends around 9% annually (Increased only 3% in 2020 but still an increase) +* Payout Ratio: 55.93% (I thought most U.S REITs paid 90% to avoid taxes???) +This is a question which has been on my mind recently. I'm mid 30s and only just started saving toward retirement because I've only earned minimum wage up until this point in my life. My projected retirement income isn't going to be enough. So many of us can't save anything/don't save enough toward retirement because money's too tight each paycheck. What the hell will happen to us? Social security isn't enough to live on. It's a depressing question, but one that I can't stop thinking about. +I've seen a few threads asking about more "recession-proof" investments. I'm kinda curious - what do you guys think would get absolutely destroyed if we see another big downturn? +Hey everyone, + +I’ve been saving up for a couple of months and managed to put $1000 into crypto last week. + +I put $500 in btc and $500 in eth and now I’m up $400!! + +I know it’s not much but to me this is like hitting the lottery (I’m 16) +Just wanted to make a quick PSA letting everyone know that if they are going to shop at GameStop, try to buy their used products. Having worked there years ago, we were always encouraged to sell used games & consoles over new games & consoles as this gives the company the biggest profit margins. + +&#x200B; + +Okay, folks, I think that about wraps it up. I'm sure that this has been mentioned before but never hurts to remind everyone. +Now, it's time for me to hand in my 2 weeks, and my teeth are chattering. Officially screwing over my co-workers' vacation. Probably shutting down the lobby of our office because I'm the only one who does this job and definitely overall going to have people pissed at me. But I need this, badly and they've had 6 months to hire more employees. + +UPDATE: Thanks guys for all the support, it is truly appreciated and has helped me so much. + +I gave my two weeks to my boss, he was very kind, gave me advice, and told me what I could do better and wished me well. I was going to give a three week notice, but I settled with two so that I could give myself a break so as not to burn out. I've found a possible replacement for them as well. I am relieved, I'm proud of myself, not for just getting through this but for giving myself a break in between. I hope to start my new job refreshed and mentally sound. Please don't underestimate my appreciation for you guys. I hope you guys find money on the street. I hope when you get food, they accidentally hand you the wrong order, and you get double the food. I hope things fall into place for all of you. Even to the one mean guy in my comments 🤣 +Little backstory: parents took out a 15k with a 11% APR personal loan with a under my name without consent. Also made 5 credit cards and putting me in additional 7k debt. I am currently job searching as a recent college graduate so there's no way of me dealing with it on my own for now. I want to take charge of any finances under my name but, I need some advice how to. + +Update: I don't want to file a report or get the police involved until its absolutely necessary, I still love my parents deep down for their flaws and good. + +I tried sitting down and talking to my mom about how we can come to an agreement to pay the debt and loan under the my conditions. Which is I will manage all my accounts and if she ever needs money, just talk to me and Ill try my best to reason with her. However, she went bat shit crazy instead without giving a valid reason, and saying why would she do something like that, it's not my money. She wants me out of the house but, she has already used $3500 from the loan and refuse to tell me what she spent it on. I don't think I can leave until she pays me back the $3500. + +Then I talked it over with my dad which he was more understanding and willing to follow by my conditions. +What would happen if I filed a report? Is there a certain time period I should report before it becomes too late? +ELI5 - How am I misanalyzing these numbers on a large multi-family and how does anyone make money on these deals? + +I've been a self-managing landlord for nearly 20 years; I've done both commercial and residential, but never residential larger than a quadplex. My goal is to scale up so I can step back. + +In my area I've seen a number of deals for entry-level apartment complexes come and go, and every time I'm baffled how anyone makes the numbers work. This is an example based on an actual property: + + +Listed Price: $1,450,000 + +Units: 25, all 2-bedrooms + +Actual Average Rent: $710/mo (=$17,750 before vacancies) + +Utilities by Landlord: $1000/mo for water only + +Pre-Sale Taxes: $30,000/yr + +Post-Sale Taxes: $60,000/yr + +PITI: $14,355 + +Grade: Class C in a LCOL city, fairly decent area, good-enough schools, buildings and interiors appear kept up. The only obvious immediate maintenance is a parking lot reseal. + + +My spreadsheet: https://imgur.com/LT3Oc6K +(* Maintenance includes lawn and snow) + +When I run these numbers, I get a cap rate of 3.9%, but actual losses of ~$3000/mo and a COC of negative 12%. I keep seeing property after property with these upside-down numbers. Even raising the rent 20%, which is about top of asking for this quality/location, only brings the property to barely breakeven. + +Can someone who's done deals this size explain either 1) how I'm thinking about the numbers wrong or 2) how any buyers are making a profit? +TLDR; Bought house with old roof, want to sell, nobody will buy, may take 30k loss. Any advice welcome, see questions below. + +I'm brand new to realestate investing and made many mistakes. Any advice is welcome. + +I purchased a pretty beat up house that appraised at 170k that needed a roof replacement last year. + +My realestate agent said that a roof replacement cost roughtly $8k and the roof isnt leaking yet, so I'll likely need to replace in 2 years. I took his word for it without getting a qoute from a roofer. (1st mistake) + +The house is older and needed new flooring, paint, kitchen updates, you name it. I added roughly 15k worth of repairs to the house before the roof. + +A month into owning the house, my insurance cancelled coverage because the roof was in pretty rough condition. I get a quote from several roofers and the cost would come out to roughly 20k. I was just horribly stressed out. I decided that after all of these costs, renting it out would yield a horribly low ROI. So I decided to sell. + +I used the same realestate agent to list the house and his comps suggested that we could list at 210k, I would be able to recover my costs and make a slight profit. + +**55 showings later and 4 months on the market,** all we have are 3 offers. At 165k, and 2 at 170k. + +The house appraised at atleast 180k when under contract previously. But the buyer still tried to negotiate down to 170k due to the roof's condition. + +My questions are: + +* If a house appraises at 180k or higher, why are buyers still trying to go lower? +* All other houses in adjacent neighborhoods are flying off the market at over asking price. +* How did I screw up this bad? Why are my REA comps so far off? +* What were your worst mistakes as an investor? + +&#x200B; + +Also, this house has a mother-in-law suite which could kinda be considered a 2 unit, but its really a 1 family house. My REA says the layout is a bit strange and the kitchens need to be updated. But I can't pour any more money into this house. +My wife and I have been debating buying a real estate investment property for some time, we only have roughly 20k saved up. This obviously isn't enough to buy anything outright. + +My neighbor and his wife, who are roughly 30+ years older than us – own 3-4 homes and he said his first method was to buy a home, rent it out and break even for years to build equity in the home, then keep doing the same. Eventually some of them get paid off and you can either sell or continue to collect income. + +Is it a bad idea to buy a home as an investment property, knowing you'll only be being breaking even, to build equity in the long run? +Got into owning rentals in 2016 and my wife and I now have 10 units across 5 properties (mix of multi family and SFH). I also have a full time W-2 job, I'm a Realtor (do ~10 deals per year to people within my circle), and we've gotten into flipping houses the past few years. Each of these 'jobs' are going pretty well, but I'm getting to the point where I can't juggle it all. I've managed my own rentals up until now, but I'm thinking that may be the easiest thing to give up to free up some time. Seems like the best "bang for buck" so I can focus time and energy in other areas. + +I've thought about it before, but always been afraid of taking my hand off the wheel. I think I've found a good local PM and the cost of managing will be offset by the reduction in price from refinancing all of my mortgages at lower rates. + +Wondering if any of you had success (or failure) stories handing over to a PM after managing yourself? Any tips or best practices? Thanks so much in advance! +Hey Reddit! You might remember my post from a couple years ago: [Warren Buffett Value Investing Cheat Sheet](https://www.reddit.com/r/investing/comments/9ur0g6/warren_buffett_value_investing_cheat_sheet_a/). + +After I discovered the power of the checklist, a few criteria quickly grew into a quantitative handbook. Investing with a checklist saved me time, decreased stress, and improved my returns. + +Below is the complete version of the well-received Investing Cheat Sheet.  Are there any other criteria I'm missing? What metrics do you look for? I'm specifically interested in fleshing out the impact checklist (Sustainability). + +Note: You will not find a company that fits EVERY criteria. The aim is to build portfolios targeting individual checklists (factors). Portfolios targeting individual checklists should give you good diversification, especially if invested across geographies. + +11 CHECKLISTS in this post: + +1. Value +2. Efficiency +3. Health +4. Dividend +5. Growth +6. Ratings +7. Technical +8. Management +9. Impact +10. Performance +11. Questions + +I put the checklist into a pdf which you can grab here [here](https://bit.ly/InvestingCheatsheet) if you want (I also go into more detail on backtested results) + +&#x200B; + +# THE VALUE CHECKLIST + +☐ Price / Earnings < 15.0 + +☐ Price / Book Value < 1.5 + +☐ Price / Sales < 1.5 + +☐ Price / FCF < 15.0 + +☐ PEG < 1.0 + +☐ Price / TBV < 0.7 + +☐ Price / NCAV < 1 + +☐ EV / EBITDA < 8.0 + +☐ Current P/E is <40% of 5yr P/E High + +☐ Current P/E is <80% of 5yr P/E Low + +☐ Margin of safety below Intrinsic value > 30% + +☐ Intrinsic Value / current price < 0.7 + +# THE EFFICIENCY CHECKLIST + +☐ ROE > 30% + +☐ ROA > 15% + +​​☐ ROTA > 20% + +☐ ROIC > 20% + +☐ ROCE > 20% + +☐ ROIC-WACC > 0.2 + +☐ Inventory Turnover > 4.0 + +☐ Accounts Payable Turnover > 3.0 + +☐ Accounts Receivable Turnover > 5.0 + +☐ Pre-tax Margin > 15% + +☐ Free Cash Flow Margin > 10% + +# THE HEALTH CHECKLIST + +☐ Current Ratio > 1 + +☐ Quick Ratio > 1.5 + +☐ Flow Ratio < 1.25 + +☐ Liabilities / Equity < 0.8 + +☐ Debt / Equity < 0.5 + +☐ Debt / EBITDA < 4.0 + +☐ Debt / TBV < 0.7 + +☐ EBIT / Assets > 20% + +☐ Debt / NCAV < 2.0 + +☐ Long-term Debt / Working Capital < 2.0 + +☐ Interest Coverage Ratio > 8.0 + +☐ FCF / Sales > 8% + +# THE DIVIDEND CHECKLIST + +☐ Dividend Yield > 2% + +☐ Dividend Yield > ⅔ the AAA Bond Yield + +☐ Number Of Consecutive Years Increasing Dividends > 9 + +☐ FCF / Dividends Paid > 2.5 + +☐ EPS / Dividends Paid > 2.5 + +☐ Payout Ratio < 40% + +☐ No Dividend Cuts In The Last 10yrs + +# THE GROWTH CHECKLIST + +☐ Earnings Yield > 12% + +☐ EBIT Yield > 12% + +☐ # Of Years Where Earnings Growth <2X Federal Bond Yield < 2 + +☐ FCF Yield > 10% + +☐ Forward P/E / Trailing P/E > 1.1 + +☐ Operating Cash Flow > EPS + +☐ # Of Years With Declining EPS < 2 + +☐ Current EPS / EPS 10yrs ago > 3.0 + +☐ Earnings Misses in the Last 24 Months = 0 + +# THE RATINGS CHECKLIST + +☐ Altman Z-score >= 3.5 + +☐ Piotroski F-score >= 7.0 + +☐ Beneish M-score < -3.0 + +# THE TECHNICALS CHECKLIST + +☐ Positive 1-month price momentum + +☐ Positive 3-month price momentum + +☐ Positive 6-month price momentum + +☐ SMA 50 > SMA 200 + +☐ EMA 12 > EMA 26 + +☐ RSI < 30 + +☐ Positive HMA + +# THE MANAGEMENT CHECKLIST + +☐ Management shareholding > 10% + +☐ Management have bought more shares than were sold in last 3 months + +☐ Management Compensation growth rate < Revenue Growth Rate + +# THE IMPACT CHECKLIST + +☐ CDP Climate Score = A + +☐ Total ESG Risk Score > BB + +☐ Beneish M-score < -3.0 + +# THE PERFORMANCE CHECKLIST + +Look at the last 10 years of data, year over year and make sure there is low volatility and high growth for: + +☐ Sales + +☐ Earnings + +☐ Book value + +☐ Free cash flow + +☐ dividends + +☐ Return on equity + +☐ Current ratio + +☐ Debt / equity (declining) + +☐ Net margin (declining) + +☐ Inventory turnover + +# QUESTIONS + +Stay away from qualitative judgement as much as you can. But if you must: + +☐ Can I say in one sentence what the company does? + +☐ Does the company have a competitive advantage / moat? + +☐ Does the company have few / no competitors? + +☐ Is the company within my circle of competence? + +☐ Have I read at least the most recent earnings report? + +☐ Do I trust / like the management? + +☐ Does the company have a credit rating of at least BB? + +☐ Do I like this company? + +☐ Is the company ethical? + +☐ Does this company give me international exposure? + +☐ Will this company be around in 20 years? + +☐ If the stock market closed tomorrow for the next five years, would I still buy this company? + +☐ Will this company help diversify my portfolio? + +☐ Does the company treat its employees well? + +☐ Are insiders buying shares? + +☐ Is the industry and company sustainable? + +☐ Is the company still growing? + +☐ Are analysts optimistic about the company? + +☐ Is the stock "screaming" cheap? + +☐ Can I say in one paragraph why I am buying this company? + +☐ Do I have an exit strategy? + +&#x200B; + +# HOW TO BUILD A PORTFOLIO WITH THE CHECKLISTS (6 Steps): + +Step 1. Choose the amount to invest *(eg. $10,000)* +Make sure you've thought about: + +* Have a six month emergency cash pile +* Pay off high interest debt first +* Eliminate your worst spending habits +* Think about your time horizon +* Max out your pension contributions + +Step 2. Choose your markets *(eg. US - All industries)* + +* Industries +* Countries + +Step 3. Choose the company size *(eg. Microcap)* + +* Nano-cap (<$50M) +* Micro-cap (<$300M) +* Small-cap (<$2B) +* Mid-cap (<$10B) +* Large-cap (<$200B) +* Mega-cap (>$200B) + +Step 4. Filter based on the checklists above *(eg. P/S < 1 and Positive 3&6-month Momentum)* + +Step 5. Rank the remaining companies by another metric *(eg. Rank by 1-Year Price Momentum)* + +Step 6. Pick & purchase stocks from the top of the list *(eg. Purchase top 25 stocks)* + +Backtested results: $10,000 invested in 1965 into the strategy above would have grown to $95M today. An 18.1% annual return. The S&P500 would have returned $1M in the same period, an 8.79% return. + +&#x200B; + +This took me a long time to compile... I hope you derive value from it. Enjoy! +I know what funds etc. I want to invest in but after the rollover is complete I don't want to do a lump sum investment all at once. I'd like to do some form of dollar-cost averaging but don't know the best method to proceed. + +I am rolling over about $70k from an employer 401k into my Vanguard Traditional IRA. I am going to be sticking to SP500 index funds mainly at this time given my age. + +My initial thought was about $1000/month to invest but it would take far too long. Does anyone have any suggestions? + +Thanks in advance. +I am needing help getting my finances in order for the future. I finally have a great paying job but they do not offer any type of retirement fund. What can I do to start saving for retirement at almost 31 along with having large savings? Any help is much appreciated. Thank you! +I just need some advice. I’m 21 years old and lost a total of $50,000 of life savings in stocks/Roth. What can I do moving forward to build my way back into wealth? I was day trading and I had $17,000 in my Roth I now have 2,000 in my Roth. I bought leaps in ARKK , ARKF, APPL and AMD and I’ve lost over 80% on all calls. They all have expiration of 2022. I lost the other 30k in day trading. I had wins here and there but with that recent stock crash in March I have lost everything and it still continues to fall. Please help me guys. +The wallet is containing 290 Bitcoin, worth $13,636,377.53. + +The owner probably bought some Bitcoin just because it looked interesting and might have forgot about it, until now. + +Another probability is that someone has looked into an old PC and has randomly found this wallet with its password. + +This follows another Bitcoin wallet from 2010 moving $240M worth of BTC. + +In 2018 another ancient wallet has woken up, owning now worth $5 Billion of Bitcoin. + +([link to wallet waking up](https://whale-alert.io/transaction/bitcoin/41cdc50afa94244936499c8260386646818ebd29c7d5d3cdeea34ad0f7f7ab49)) +Their share price has declined considerably over the past year. Part of that is obviously due to a general decline in equities, with the s&p500 down 20% this year. More of that is due to the general decline in tech stocks (which is what Tesla is generally regarded as), as the nasdaq is down 33% this year. But Tesla went even further than that, and is down 66% this year. + +The reasons people ascribe to this are generally either that the company is in trouble or that it’s because Elon isn’t there to right the ship (or both). But what if Tesla was just dramatically overpriced and it’s only now coming down to earth as first time retail investors who pumped money into stocks irrespective of fundamentals or even sound qualitative reasoning exit the market (which for the past 2 years held, by %, an unusually large proportion of Tesla’s shares)? What if, in a poor macro environment, people have just lost an appetite for risky assets? + +What if, and I know this is speculative, a stock that people were paying $1100 for each $1 in earnings for in 2020 *may* have been overpriced? + +On top of all of that, I think some may have overestimated the size of Tesla’s moat and how difficult it would be for other car makers to catch up, and also may have failed to consider the strain increased competition would place on the vital and not exactly abundant supply of inputs necessary to make EVs. But I don’t think this point must necessarily be true to explain Tesla’s share price decline given what I said above. But I do think to some extent the current explanations for Tesla’s share price decline are the result of our tendency to look for a single person to blame for adverse outcomes - although I am not entirely condemning this view in this particular case as Elon being stretched this thin and spending so much time at twitter is objectively cause for some concern. +So I have been interviewing for a company in my dream industry. After 6 weeks of 4 long grueling interviews, I was sent an offer letter. It was for 5k less than what I was asking for but I ended up accepting and signing the letter. + +After, I went to my current boss to put in my resignation. She came back the next morning and countered their offer by an additional 10k. (20k more than my current salary) + +Now I definitely have the dilemma of wanting to stay (considering it’s 20k more than my current pay) but I also know I won’t be happy working for them in the long run. She’s promising me the world right now but I can see right through it. + +My biggest dilemma now is; do I tell my new employer that my current job countered? Since this is a dream job scenario, it scares me to lose out if they revoke my offer. (But if they pull the rug, does that just mean I dodged a bullet from a shady company?) does it make me look like a more valued employee by letting them know upfront that I declined the counter to work for them? Or do I tell them that I’m considering the counter and have it open up the possibility of them matching the offer or is that even greedy to think that way? + +Or do I just decline the counter and move on with my life/career? + +Any advice is much appreciated! It’s a good dilemma to be in but stressful nonetheless! +Alright you apes, listen in. If you’ve been on this sub for more than ten minutes, you know that there’s always somebody in every thread saying “lol, the ‘experts’ have been saying that for years. Just ignore them.” If you’re the one saying this, stop. + +Let me explain. Just because a predicted event hasn’t happened yet, it doesn’t mean the prediction is wrong. It’s a *forecast*. If somebody says “The evidence leads me to think that property is overvalued in Melbourne/Sydney right now and I predict a future crash”, the correct rebuttal is not “Haha, you guys have been saying that since 2001.” This is NOT a point in your favour. When a scientist says that the world will eventually start warming up, you don’t get to say “You’ve been saying that for ages lol.” Just because it hasn’t happened yet doesn’t mean it’s not *happening*. + +That’s not to say all these forecasts are right. The past justification for that forecast might be wrong – this is totally rational to point out. “When he made that claim, he thought X. This is wrong because of Y.” Or “The circumstances of his prediction have changed. He doesn’t stand by it today.” + +Property value is where I see this fallacy come up most often. But recently it’s been regarding Bitcoin. Personally, I’ve seen totally rational arguments discussing how both of these investments are overvalued. And I’ve read disappointingly few rational arguments against that view. + +26 year old male in Sydney, recently purchased first home (730k purchase price 160k deposit \~ 78% LVR), and wondering now where / how I should invest my efforts (& cash) strategically going forward. I've spent the best part of the last 5 years shovelling savings into the deposit and it feels a bit strange being over this hurdle now and I'm unsure about where to direct the next goal. + +I can't say that investment properties really interest me all that much, previously I was more interested in just funnelling money into Vanguard (boring I know), so part of me feels like I should resume this (I had 35k in a portfolio prior to having to sell it to boost my deposit). Other options that seem logical to me are to boost my Superannuation (currently sitting at 46k) to reduce my tax liability (Wage of approx 120-130k p.a.) as well as building a hefty offset account (10k sitting in there as an emergency fund currently) and then doing some projects on the place (bathroom needs a reno). + +I understand that everybodies situation is completely personal but curious to hear if other first home buyers went through this process after purchasing as well and what some ideas from this community are. I'm very goal oriented. +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've been monitoring /r/Bitcoin for several months now, watching, speculating, and slowly collecting coins. To date I've purchased or mined Bitcoin, Litecoin, Peercoin, Ripple and Primecoin. Selling off some over time, and putting some personal wins up on the board. + +I see two major camps here. In the first camp are the folks attracted to 'quick money', they are excited for Bitcoin and hope to time the market, making a quick 5-10x. These are the folks that you see selling right now. You can't blame them, these folks are making (in many cases) life changing money, paying down/off cars, houses, etc. + +The second camp are what I consider to be the true believers. Those of us that understand that Bitcoin has the potential to change money forever. If you believe that a decentralized digital currency, free from government corruption and controlled by the masses is the future - then you're in this camp. This is no easy road, there are going to be sell-offs, attempted regulation, and major unforeseen disasters. It's not for the faint of heart. We could and probably will lose everything, but IF we pull this off, the results will be unlike anything we've ever seen. + +I'm printing out my wallets and putting them into cold storage. This sell-off (for me) doesn't matter, is all part of the long bumpy road we must travel. For better or worse I'm in this for the long haul. + + +Disclosure: The post does not constitute investment advice. By day I'm a Venture Capitalist at Google Ventures. Through Google Ventures I've invested in OpenCoin & ButterCoin. All coin purchases and mining have been done personally. +-- +8 months and $7k loss later, i’m finally making profits consistently. currently on week 4. +my profits are small at the moment. $100-200 per day. but i feel like i know what i’m doing now. +two important things i learned: (1) wait for good setups, don’t trade if you don’t feel confident about a setup. (2) jump out of the trade if it goes the other way. don’t wait for it to turn around. it most likely won’t. +One thing i need to work on: staying in a good trade longer. i tend to jump out too early and miss out on bigger profits. +If it’s possible to make a living off day trading, then how come some of the best day traders on YouTube sell courses? +Is it even possible to make a living off of day trading? +Started my ISA 3 months ago with £200 and checking it across the first month I had nearly a 10% return.. last month it was relatively static and this month I'm back to a 2% return. + +I get that it will peak and drop and it's a 5/10 year view, but any tips for how you keep yourself from pulling it all out to something nil risk and no return? +1) Lands will just follow China and in the end Bitcoin will be fully banned everywhere. + +2) If the internet ever gets shut down because for example of a big world war then Bitcoin would become useless. + +I'm very bad at explaining and I don't really have solid understandable answers for him so I was wondering if maybe you guys have some good counter-arguments I could use. Keep in mind he's 70+ years old and believes fully in Gold, he doesn't own any though. + +EDIT: Wow seriously thanks for all the great replies! Very interesting! I'll forward the best ones to my dad and what he decides to do with them is completely up to him. After that i'll just let it be because yes I agree it doesn't really matter. +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! + +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! + +Hi friends,In your estimation what is the best ethereum wallet rn?I'm looking to take my eth off a couple of exchanges - as everyone should imo.. + +Ideally looking for wallets with all the necessary features (Displays NFT's, atomic swaps, something that doesn't break all the time like Metamask) + +Cheerio! + + +**EDIT:** Ty for all the great recommendations. From all the suggestions in the comments I ended up choosing [Liquality.io](https://Liquality.io). The UX felt superior and it has all the features that I was looking for. The Loopring wallet didn't quite make it for me. +Hi all, + +I'm embarrassed to be posting this but I really need help. I've been trading crypto futures the past month and have dug myself a pretty big hole. I'm currently down $22,000. Here's my full trade history: https://imgur.com/gallery/v0zIBd9 + +Just for context I'm a software engineer making a good salary yet currently I'm in debt about $5,000. I have a history of drug and gambling addiction, as well as depression. It feels like I can't stop, I don't know what to do anymore. I can't live with myself knowing I've lost so much in such a stupid way. Can anyone please give me any tips to get myself past this dark phase of my life? I'm turning 27 in a week and can't keep living like this. +I worked as an apprentice electrician and it was a joke how hard these guys worked for chump change. A lot of them like myself quit because the work was hard and the pay was decent at best and at worst exploitative. It'd funny, the reason I quit is because my supervisor who was sitting back said "I would never work for your pay" and that was so true. + +This is happening everywhere with tradesman. There is a lack of them and it's not because people don't want to do it, it's because the wages aren't there! Union/Non Union apprenticeship programs are the only way to go but those are difficult to get into a lot of the time (and God forbid you sign a contract that makes you pay back the class lessons). + +What is it with companies just not wanting to pay their goddamn employees? +I've been playing around with small cash on options, to learn the game. Have lost some, made some small gains, nothing special. + +I'm now in a position I need advice on if I would be best in selling my call option, or waiting still more. I specifically own a few 140 call options for July 16 on AAPL. I'm up 150% on them but my gut tells me I would be best to wait till end of next week as I'm expecting the stock price to still continue to rise. I'm aware of time decay but can't really tell if it's too risky to leave it till end of next week. + +Thoughts? +EDIT: some people had a problem with my claim about how the high institutional ownership is indicative of naked shorting so I rephrased that part. Although, I think it's unlikely institutional ownership can be as high as it is without the presence of naked shorting, and this does not even factor in retail ownership. + +I originally wrote this up as a 29-slide powerpoint presentation to explain GME to my boomer parents who only invest in index funds, but I decided to convert it to a reddit post because I think it would be useful to new apes or people who wish to see some key DD in one place. I also took out some content about DFV that's widely known by the community here. Anyway: + +# The Big Picture DD + +This is a **comprehensive** due diligence intended to be both wide-reaching and approachable, but there are some concepts later on that may require more advanced knowledge. + +some disclaimers: + +• To the best of my knowledge, the information presented is accurate, although I am not infallible and neither are my sources. + +• I am not a financial advisor and this is not investment advice. + +# Gamestop news prior to Jan. 2021 + +&#x200B; + +https://preview.redd.it/3s2pl2d1qut61.png?width=2484&format=png&auto=webp&s=109071482185654f0bb39c78ffe1be5ef3712bea + +&#x200B; + +https://preview.redd.it/bskciot3qut61.png?width=1656&format=png&auto=webp&s=c4d65f2c16b430a9ed9779a2fa7a93c36116ee5f + +&#x200B; + +https://preview.redd.it/m0b2e285qut61.png?width=1490&format=png&auto=webp&s=d20c2734bb146827886569a64752017212a9f139 + +# Where we are now: + +&#x200B; + +[RC has hand-selected a dream team at Gamestop!](https://preview.redd.it/ea5bo3d8qut61.png?width=1376&format=png&auto=webp&s=e471f6a2518ec98a8d06d576a0fc772786d866fb) + +&#x200B; + +[No more debt!](https://preview.redd.it/jxxf3hhcqut61.png?width=2054&format=png&auto=webp&s=45d9369dfac32e45b217e797313abfd96954c09a) + +# Why does the debt repayment matter? + +• The bear thesis of Gamestop imminent bankruptcy is **dead.** + +• The junk bonds held some concerning clauses, now the takeout opens the gate for many profitable opportunities ahead. + +&#x200B; + +https://preview.redd.it/j11ebgmpqut61.png?width=1188&format=png&auto=webp&s=5986207eb234af44c645ed43a5a0ecc0c759e934 + +&#x200B; + +[From DOMO Capital Management. Key takeaways underlined in red.](https://preview.redd.it/w7w3471xqut61.jpg?width=1164&format=pjpg&auto=webp&s=c13eac6b5444155f1198dfa7f962843e0e93d8be) + +* Debt repayment provides flexibility, allowing Gamestop to engage in mergers, make better use of their real estate assets, and perhaps most importantly: **declare a dividend.** +* The importance of the dividend will be covered in greater depth during the short theory section. + +# DFV has quadrupled down since the congressional hearing in Feb. + +He easily could have sold his options and/or held onto cash but **he didn't.** Bullish af. + +&#x200B; + +https://preview.redd.it/wktwfbhkyut61.jpg?width=500&format=pjpg&auto=webp&s=0d05cf886340be20f87b4e0679ba2a929808cccd + +# Gamestop: the big short squeeze theory + +Why the stock holds more than long-term potential and a comprehensive list of strong signals that Gamestop is headed for a short squeeze of unprecedented volatility: + +# Other major short squeezes and their SI%, other stats + +VW squeeze in 2008 + +* “On 28 October 2008 a short squeeze on Volkswagen stock propelled this car maker tobecome the **world's most valuable company for a day.”** +* “In 2008, short sellers had shorted **13% of Volkswagen** (VW) shares... betting the stock wouldtank because it was too expensive. (At the time, VW traded at 19 times earnings—” +* “On October 26, 2008, Porsche announced that it had bought enough stock and options to control 74% of Volkswagen’s shares. twice that of its competitors.)” +* “Another firm, Northern Saxony, held 20% of the company... It wasn’t selling. Passive index funds owned another 6%, and they couldn’t sell shares either.” +* **“Combined, they accounted for 100% of VW shares...** So as soon as Porsche exercised its options, there would be no shares left for short sellers to buy to cover their positions.” + +TSLA squeeze in 2019 – 2020 + +&#x200B; + +* “Many of Tesla’s short sellers have closed out their positions over the course of 2020, with **short interest falling to less than 6% of the float from nearly 20%** a year ago, according to S3 data.” +* **“With shares up over 730%, Tesla bears have seen more than $38 billion in mark-to- market losses this year**, according to data from S3 Partners. By comparison, the next- biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows.” + +# Why didn’t Gamestop squeeze in Jan. 2021? + +* Gamestop reached an intraday high of $483 on January 28th The options activity was extremely aggressive this week as far OTM options needed to be hedged by market makers, retail FOMO, and media hype fueled mass-buying as the stock continued to multiply in price. +* Then, major retail brokerages including Robinhood halted and restricted the **buying** of GME shares, artificially decreasing buy volume. The stock plummeted below $100 in a few days and below $40 over the following weeks. +* One particular hedge fund, Melvin Capital, had run out of liquidity during the price surge of Jan 28 and was likely on the verge of being margin called until.... +* “**GameStop short-seller \[Melvin Capital\] down 30% this year gets $2.8 billion bailout from the firms of billionaire investors Steve Cohen and Ken Griffin \[at Citadel\].”** +* Why would Citadel inject funds into a struggling hedge fund? Likely because the margin calling of this fund would have added jet fuel to GME rocket and collapsed all other shorts with it as they are forced to exit their short positions one by one. The shorts *must* work together or the entire house of cards will fall, leaving behind the biggest bag of financial shit of all time on the DTCC’s desk. +* Abusive shorting, the restriction of buying, and aggressive negative MSM campaigns drove a narrative that Gamestop was simply a pump-and-dump meme stock of little value and that the short squeeze was over. + +# But wasn’t that the squeeze? Short interest dropped off too! + +* Market makers and players on the short side of this bet have ways of **hiding the true short interest of stocks.** To summarize the main methods they use: +* Market makers buy deep-ITM call options to reset their FTDs (failures to deliver, aka shares owed to the institutions lending shares to short that are due to be returned at recurring deadlines, see the link for more FTD stats). [https://wherearetheshares.com/](https://wherearetheshares.com/) +* Exchange-traded funds holding Gamestop have been aggressively shorted. ETFs are meant to be passively held funds, and iborrowdesk has shown consistent shorting of **ALL ETFs holding GME.** +* Shady brokers have been diverting retail buying through dark pools in order to suppress buying pressure on the stock to keep the price artificially low. They then dump sell orders on the open market to drop the price. +* “Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them” - u/umu68 +* Bloomberg terminals indicate >140% institutional ownership of GME. This is difficult to achieve without naked short-selling, essentially selling a synthetic share that isn’t supposed to exist, creating new shares in the process. Gamestop is supposed to have 70 million shares outstanding issued by the company itself. Many signs point that the number of synthetic shares far exceed the total of outstanding shares. +* DD for Deep ITM calls: [https://www.reddit.com/r/GME/comments/m05jed/mystery\_solved\_the\_deep\_itm\_calls\_are\_coming\_from/](https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/) +* DD for Dark Pools: [https://www.reddit.com/r/Superstonk/comments/movevb/dance\_of\_darkness\_the\_sec\_and\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/) +* DD for ETF shorting: [https://www.reddit.com/r/GME/comments/ls830a/found\_the\_reason\_for\_the\_dip\_they\_are\_shorting/](https://www.reddit.com/r/GME/comments/ls830a/found_the_reason_for_the_dip_they_are_shorting/) +* Bloomberg terminal of institutional ownership: [https://www.reddit.com/r/stocks/comments/le7syu/gme\_institutions\_hold\_177\_of\_float/](https://www.reddit.com/r/stocks/comments/le7syu/gme_institutions_hold_177_of_float/) + +# Damn, that’s a lot of shady shit. Why can’t they just do that indefinitely...aggressively short to always keep the price down? + +Hedge funds have been abusive shorting over the decades, and they HAVE been getting away with it indefinitely, and Gamestop was their bankruptcy jackpot. But now, there are some key differences: + +**Retail investors own the float. Institutional and insider ownership have been squeezing them for much longer than January of 2021, starting as early as last year’s annual meeting with share recalls. RC’s 9 mil stake purchase in 2020 put even more pressure on shorts.** + +* Insiders & Institutions own > 100% of the outstanding shares, even evidenced on the Gamestop website itself. + * [https://news.gamestop.com/stock-information/institutional-ownership](https://news.gamestop.com/stock-information/institutional-ownership) +* DISCLAIMER: This post is highly speculative in nature. The only people who can know how much of the float is owned by retail investors are the ones on the short side of this bet who know their own positions. + * [https://www.reddit.com/r/GME/comments/m6vbay/etoro\_has\_20mil\_users\_905\_of\_them\_is\_invested\_in/](https://www.reddit.com/r/GME/comments/m6vbay/etoro_has_20mil_users_905_of_them_is_invested_in/) +* The post above indicates that roughly 2 million Etoro users have bought GME. Across other major US retail-oriented brokerages, similar rates of retail ownership could be estimated with high user counts. The average number of shares per user can be speculated to be 5/user, 10/user, 20/user, and beyond in order to estimate the SI%. It is purely speculative though, but for example, if 10 million Americans own GME and the average shareholder has 20 shares, that is 200 million shares, or nearly 3x the outstanding shares, NOT including institutions or insiders. +* Users on Fidelity are placing >75% ratio of buying to selling orders. This signals extremely bullish retail sentiment. (Important: these ratios do not indicate the quantity of buy/sell orders, but this ratio has remained consistently very high). + * [https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost\_75\_of\_all\_retail\_gme\_orders\_were\_to\_buy/](https://www.reddit.com/r/wallstreetbets/comments/lajjs2/almost_75_of_all_retail_gme_orders_were_to_buy/) + * [https://www.reddit.com/r/GME/comments/msyhlq/fidelity\_users\_purchased\_about\_61\_million\_more/](https://www.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/) + +# Remember the VW squeeze info? + +* VW squeezed to become the most valuable company for one day on only 13% short interest. This was largely achievable because about 100% of the float was being held by companies and institutions long on VW, drying up the market liquidity, making it extremely difficult for shorts to cover and pumping the stock to infinity and beyond. +* We’re in a similar situation with Gamestop at institutional ownership exceeding 140%, not including retail ownership, ETFs shorting, or other maneuvers market makers/hedge funds have used to hide their positions. +* So the float is overwhelmingly held by passive funds and insiders who are **RESTRICTED** as to when they can trade shares... Sounds like a nightmare liquidity situation for shorts who could owe hundreds of millions of naked shares. Even with absolutely massive retail panic selling, the amount of GME float choked by institutions and insiders alone could drive an extremely powerful squeeze far greater than the VW squeeze, with SI% being at unfathomable, systemically questionable levels that compromise the stability of US markets as a whole. +* The thing is, retail investors like the stock. They REALLY like the stock. They don’t want to sell either. +* **So the short interest is likely greater than 300-500% (based on institutional ownership knowns, retail ownership estimates, missing FTDs, ITM options hiding of SI%) and nobody is selling. What could possibly go wrong?** + +# Now that we know our rocket is primed let’s outline the potential catalysts for liftoff + +* As mentioned before, now that Gamestop has paid off its junk bonds, it can now issue a **dividend.** And likely a crypto dividend. This is really, *really* bullish news and gone over in greater depth in dividend section. +* The DTCC (Depository Trust & Clearing Corporation) is a $60 trillion dollar company that settles almost every security transaction in the United States. "DTCC is a holding company of DTC, FICC and NSCC...**DTCC common shareholders include approximately 362 banks, broker-dealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC.”** – US treasury gov website. +* Why does the DTCC matter? **The DTCC has passed several regulations in the recent couple of months that when acted upon at any time, could trigger a squeeze.** And unlike the SEC, the DTCC has incentive to enforce these rules because when Citadel and other hedge funds implode from their reckless activity, the DTCC will be left holding the bag. They want to reduce the weight of it if possible. +* **Share recall for the annual meeting.** This particular catalyst is imminent, as the deadline to recall looms closer. For shareholders to vote in the annual meeting, they must recall their shares from the players who are borrowing them to short sell. +* Any positive news: “RC is the new CEO!” “DFV just went all in!” “Gamestop announces new crypto coin dividend!” + +# Crypto Dividend + +https://preview.redd.it/lsbhojusvut61.png?width=958&format=png&auto=webp&s=b9051487f46875c8b372559d28ba902d2595a901 + +* [https://www.reddit.com/r/GME/comments/mqbu5a/gme\_possible\_overstock\_20\_overstock\_issued/](https://www.reddit.com/r/GME/comments/mqbu5a/gme_possible_overstock_20_overstock_issued/) +* How does a share dividend work? Shareholders get paid the dividend, whether its $1 per share $5 per share. **But shorts do not receive a dividend, in fact they have to PAY the dividend per share**. And since shorts have sold potentially hundreds of millions of shares, they’ll have to pay dividends on all of those holdings. +* Overstock was being abusively shorted and the CEO issued a crypto dividend. The stock hovered in the $3 range in March of 2020, only to squeeze to $128 later that year after issuing a crypto dividend. +* In the words of u/Stupiddum: "Overstock didnt just issue *any* dividend the issued a fucking **CryptoDividend** By doing this they FORCED a share cover... In a normal dividend they can just credit the amount to the account boom\* bam\* done.. with a cryptodividend they reside in the blockchain.. and the only way to receive said dividend is to have that physical share. " +* Crypto Dividend signals company strength, acknowledges the shorts, increases the stock price, and forces shorts to cover unlike a cash dividend. The coin would increase sales and company growth, increasing the brand value of Gamestop as a ‘tech stock.’ Any shares that are not being held by the lender will have to be returned in order to cash out on the dividend. Many if not most of GME’s shares are being lent out and will have to be repurchased in order for the stock owners to receive their dividend. + +# DTCC Rules for Dummies + +* All credit goes to u/Antioch_Orontes read this DD if you want an ELIAPE explanation for all of the recent DTC, NSCC, and OCC filings. +* [https://www.reddit.com/r/Superstonk/comments/msh5mt/a\_brief\_overview\_of\_recent\_filings\_from\_the\_dtc/](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) +* The amount of rules that pertain to the market loopholes we’re witnessing hedge funds use to manipulate $GME shows that the DTCC is well-aware of the mess looming around the corner. They want to shrink the bag they’ll be holding when Citadel goes under. + +# Ok so GME is a ticking time bomb waiting to blow up... what are the broader market implications of a squeeze? + +I’m so glad you asked! + +# The Everything Short – by u/atobitt + +* Nothing I can write here will truly replace a full reading of this post. It covers the systemic risk that Citadel and other institutions have imposed on U.S. markets via abusive short selling U.S. treasury securities. I’ve included u/atobitt’s key parts for condensed reading but the full post is a worthy read. +* [https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +* I'm sure most dedicated APES have read The Everything Short DD, but if you haven't I would say it is the single most important DD to read on this sub. I have personally read it 3-4 times and there are some components that go over my head but essentially: + * Citadel has abusively shorted the U.S. treasuries market to oblivion the same way they've shorted stocks. They use the repo market as a money printer, but now liquidity is drying up and now they're desperate to buy bonds, with a major squeeze signaled in the U.S. Treasury market to come. + +# Jerome Powell’s Recent 60 Minutes Interview + +* [https://www.youtube.com/watch?v=FOm1JM-yxNU](https://www.youtube.com/watch?v=FOm1JM-yxNU) + +Watch this 2 and a half minute video until the end. Notice JP’s body language change for the last question and listen to his careful word choice. + +The interviewer asks questions about what happened to Archegos and the affected institutions that lost big. Could an event like this happen again? Hmmmm... + +# New SEC Rule coincides with record-shattering bond selling + +&#x200B; + +https://preview.redd.it/b6rnd3ynxut61.png?width=2130&format=png&auto=webp&s=ada60ae1e755af8be2757417a54dd68304c5ae03 + +&#x200B; + +[ ](https://preview.redd.it/69acnknoxut61.png?width=1156&format=png&auto=webp&s=890d6e84b11af65e84e693d963fb7832e3eac132) + +* On April 15th, news broke that JPMorgan sold $13bil in bonds to break records and only the next day does BOFA come in and shatter that record with $15bil bond deal. +* All of this coincides with a new sec ruling: + * [https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm\_medium=email&utm\_source=govdelivery](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) +* “SEC rolling out the hits today - Brokers that lend out a customers shares must ensure they have enough capital to cover the customers shares” + * [https://www.reddit.com/r/Superstonk/comments/msaqew/sec\_rolling\_out\_the\_hits\_today\_brokers\_that\_lend/](https://www.reddit.com/r/Superstonk/comments/msaqew/sec_rolling_out_the_hits_today_brokers_that_lend/) +* **This rule is to be implemented on 4/22/21. This means lenders have until this date to secure additional capital or else risk being margin called and liquidated**, triggering a chain reaction that could lead to wide-spread institutional collapse. +* If shorts do not have the capital to cover their positions, they must either raise capital or close out of some of these positions, but they can’t close out of these positions without the security prices spiraling out of their control. Game over. +* Wow... the SEC is actually cracking down on these guys? Yes that’s thanks to **Gary Gensler, recently appointed chairman of the SEC. About him: “Progressives expect him to look into digital currencies, the GameStop trading mania and how corporate America prioritizes environmental, social and governance issues.”** + * [**https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html**](https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html) + +# What’s going to happen to our economy? What about my life savings and 401k? + +# I just read The Everything Short and I’m terrified to say the least. + +Me too. + +There will be collateral damage. It’s important to not twist the narrative when the house of cards falls. It was rampant greed and the reckless abuse of short-selling by major institutions that have imposed high risk on U.S. markets, not retail investors. + +My biggest hope is that our populace will become more educated about markets as a result and that increased market transparency via new technology and increased regulation efforts will guide us toward a fairer economy after the inevitable occurs. + +In the meantime: can’t stop. Won’t stop. Gamestop. +About to sign a contract on a house and all this interest rate news has me terrified. + +First time buyer, borrowing around $600k at 2.09% interest.. variable. + +This seemed like a no brainer since the best fixed option was 3.79%. That’s a $700 difference in monthly replacements. But then this news came out.. + +The other reason I wanted variable is that it allows us to make unlimited extra payments, plus you get the redraw and offset accounts. We’re a ~$170k income household but will be left with little to nothing in savings once the deposit is made, however we’ll just pump everything we can into extra repayments and save a little on the side too. + +With all this news basically I just want to know if we’re being idiots.. + +I know I’m a dunce with all this but I just want some serious answers with either a bit of reassurance or telling us to run the fuck the other way and forget about this dream for now. Fuck this is shit. +Has your philosophy about finances changed? + +I used to be frugal. I used to cringe every time I spent money, whether it be a $10 lunch or a $100 video game. Saving money was a priority that drove a lot of my thought processes and decision-making. I often asked for discounts, negotiated down prices for different things and avoided going out. Many of these habits remain, but I think the intensity of these emotions is much less now that I have become more mature. + +I think that nowadays I take a longer-term view to finances. Of course, I would still consider myself relatively conservative in how I spend. But I recognise that I need to use my mental resources in a more efficient, proportionate manner. + +For example, why be fussed about saving a few dollars at a supermarket when you can generate much more income by working hard in your job and earning a promotion that will give you thousands? + +Why be upset over the wrong change being given to you when a tenant moving out can cost you hundreds of dollars to readvertise for another tenant or when negotiating the right price with a plumber or electrician can save you hundreds or thousands in the long-term? + +Why avoid that day out with your friends (which could cost $50 - $150) when that day out could give rise to new ideas, relationships or emotions that in the long-term lead to financial success? Perhaps that day out is all you need to gain a fresh perspective on a problem you are working on. + +Or, if one is particularly frugal, why not be extremely frugal when it comes to those big decisions that matter? For example, in buying your first home you can potentially save tens of thousands of dollars by negotiating better. + +The decision to buy slightly more expensive toilet paper is relatively minor when you compare it to more critical decisions in your life, such as the decision to buy your first home, or to study a degree at university, or to apply for certain jobs. + +So I think nowadays I am still conservative with my spending, but I am also more lenient (within reason) and more able to recognise the importance of living a comfortable life and the long-term financial benefits it can bring. +I was recently a victim of a zelle scam and now my bank account is negative 5 grand. The bank has denied my claim saying that since I seller the money, I am responsible for the funds. However, as of right now, it will take me a year to get my account back into a positive balance, my question is. Is it a smart idea to let it go to collections while I open a new bank account with a different bank? Will the collections agency start garnishing wages? Or put a lean on my car? I have already filed a police report, and reported the scale to ziprecruiter (where the job was posted), I am a recovering heroin addict and just want to get my life together. I also owe my college 3 grand before they will release my information to another college so I can continue my degree. Both of these situations happened within a week of one another and I am just completely lost on my next steps. + +* What brokerage are you using currently? +* Is the brokerage structure suitable to your trading needs? +* How is the availability of the brokerage service? Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? +* How do you rate the brokerage reports provided by the brokerage house? +* How are the ancillary products and services provided by the brokerage house? Do you use Smallcase to manage your portfolio, and how was the service? + +You can ask for a general review of a particular product or service that you are researching - "Is X good? Is it recommended for long-term delivery trades?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I need a broker to do my YOLO trades."), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +Are any of you following the Marcellus investment model of investing or have you invested with Marcellus? If so, what has been your experience? + +I have applied their model of CCP and LCP since more than year now. It is so far so good. They have not made their portfolio weights for CCP public and hence have modeled in my own. However for LCP, most of the information is public and I have applied slightly different weights and not invested in couple of stocks for which I don't have long term conviction. + + +What would be your views on the Marcellus approach going forward? +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 current tax system is complicated to say the least. While the tax rates are high, there are a lot of ways to reduce your tax liability. + +For the FY 2020-2021, finance minister Nirmala Sitraman announced a new tax regime with more tax slabs and lower tax rates. Also, finance minister gave taxpayers a choice between the new regime and existing one, leaving it to them to decide which they would like to opt for. + +Since we are nearing the end of the FY, it is time to make a decision. If you are wondering how to go about figuring out which regime you should opt for, this post answers that question for you. + +&#x200B; + +**Current Tax System – high rates but lot of options to reduce taxes :** + +Over the years the government, through addition of clauses to the Income Tax Act, has given Indian taxpayers over 70 exemptions and deduction options through which they can bring down their taxable income and hence pay less. + +While exemptions are part of your salary, like the House Rent Allowance (HRA) and Leave Travel Allowance (LTA), deductions allow you to lower your tax amount by investing, saving or spending on specific items. The biggest section for deduction is Section 80c through which you can bring down your taxable income by Rs.1.5 lakh. Apart from this, there are several other sections that let you take tax deductions on things ranging from interest on your loans (home and education) to premiums you pay for health insurance. + +&#x200B; + +Most common exemptions and deductions availed by Indian taxpayers: + +**Exemptions:** + +* House Rent Allowance +* Leave Travel Allowance +* Mobile and Internet Reimbursement +* Food Coupons or Vouchers +* Company Leased Car +* Standard Deduction +* Uniform Allowance +* Leave En-cashment + +**Deductions:** + +* Employee Provident Fund +* Public Provident Fund +* Voluntary Provident Fund +* ELSS (Equity Linked Saving Scheme) +* Life Insurance Premium +* Principal and Interest component of Home Loan +* Children Tuition Fees +* Health Insurance Premiums +* Investment in NPS +* Tuition fee for Children +* Saving Account Interest (upto 10K) + +&#x200B; + +The combination of exemptions and deductions can bring down your taxable income by lakhs. However, it also means every year you have to find ways to optimize your salary and savings/investments so as to keep you taxable income to the minimum. + +&#x200B; + +**Enter new tax regime – More slabs, lower tax rate but no way to reduce taxes:** + +The new tax regime is different from the existing system in two aspects. + +One, in the new regime, the tax slabs have increased, accompanied by lowering of rates in the sub-Rs 15 lakh range. Two, all the exemptions and deductions that were being used by taxpayers in the existing regime won’t be available in the new regime. + +Here is a comparison between the old and new tax slabs. + +&#x200B; + +|Tax Slab(₹) |Old Tax Rates|New Tax Rates| +|:-|:-|:-| +|0 – 2,50,000 |0%|0%| +|2,50,000 – 5,00,000|5%|5%| +|5,00,000 – 7,50,000|20%|10%| +|7,50,000 – 10,00,000|20%|15%| +|10,00,000 – 12,50,000|30%|20%| +|12,50,000 – 15,00,000|30%|25%| +|15,00,000 & above|30%|30%| + +&#x200B; + + As you can see under the new system, income between Rs 5 lakh and 7.5 lakh would be taxed at 10 percent, while income between Rs 7.5 lakh to Rs 10 lakh would be taxed at 15 percent. This was 20 percent flat on the entire range for the existing regime. The earlier Rs 10 lakh+ slab where you paid 30 percent, has been broken into three parts with rates of 20 percent for Rs 10-12.5 lakh, 25 percent for Rs 12.5 lakh-15 lakh and then 30 percent for Rs 15 lakh and above.  + +&#x200B; + +**So, which regime should one pick?** + + Unfortunately, there is no single answer to this. While figuring out what option to go for might look complicated, if you approach it in a systematic way, it is not that difficult to figure out.  + +Here is what you need to do – + +* **Calculate all the exemptions that you are availing:** If you are living on rent, you would be claiming HRA which is the biggest salary exemption one enjoys. Apart from that, other tax-free components include LTA, Food Bill, Phone Bills, etc. All these will become taxable if you choose to shift to the new tax regime. +* **Look at the deductions that you claim:** As a salaried employee, two deductions that you automatically get are standard deduction of Rs 50,000 and your contribution towards your Employee Provident Fund (EPF). In the new regime, you won’t be able to claim these deductions even though you will continue to contribute to EPF. Over and above, you cannot claim deductions against your home loan (if you have one) or insurance policies, which till now has helped to reduce your taxable income. + +Now, combine these exemptions and deductions and minus them from your salary to see what is your taxable income and what it would be if you let go of these deductions. This should be the deciding factor for which regime you should go for. + +You can use the simple calculator provided by Income Tax Official Website to calculate this yourself. + +[https://www.incometaxindiaefiling.gov.in/Tax\_Calculator/](https://www.incometaxindiaefiling.gov.in/Tax_Calculator/) + +&#x200B; + +**Final Note:** + +If you are employed, your employer would have already asked for which regime you want to follow to deduct TDS accordingly. But you can change it during your final ITR filing in june/july if needed. But it would be better if you plan on it now and in case if it is old regime, you can invest on additional tax saving instruments as well. + +**Caution: The regime you pick shouldn’t decide whether you should invest and get insurance. Achieving your life goals and securing your family’s future should be the reasons not the tax benefits you get from them.** +Nifty inching closer to 11000. PE ratios starting to rationalize a bit + What are you looking to buy? 1 is +Bandhan Bank had solid results + Merger with GRUH is almost done and lower promoter holding means it will be in Nifty 50 in the next settlement. +A few people told me to open something like this up for people who want to ask an insider specific questions... guess we will see if anyone cares... lol +# Table of Contents: + +1. **Introduction** +2. **Why XRT price matters** +3. **Options data hinting at big moves** + 1. February 18, 2022 - THIS COMING WEEK + 2. March 18, 2022 - MOTHER OF ALL OPTIONS ABNORMALITIES +4. **TLDR** +5. **What my next post will cover** + +# Introduction: + +Hi all, Substantial\_Papaya here to shed light on some massively weird stuff happening in the options chain for what seems to be one of the most abused ETFs known to man, also known as XRT. I am in no way an expert on any of this subject matter but I have written about XRT previously in the "before times" (around mid-March 2021) shortly after our first subreddit migration. Interestingly enough, however, I discovered that my post on XRT rebalancing pops up very early on google searches including those key terms. If you're interested in more information about XRT and my earlier predictions for how it could impact the price of our beloved game retailer go ahead and check it out! I sadly cannot include a link in this post because automod will be grumpy with me for doing so. My post history should be easy enough to find if you are curious! + +# Why XRT price matters: + +To put it simply, the price of XRT has been positively correlated with GameStop's for a long time. **What this means in ape speak is that as XRT goes up so does GameStop.** Importantly, the price has been increasingly correlated as XRT has seemingly been used to drive down the price of our favorite "dying brick and mortar store" over time. Check out the following chart if you are already lost or just happen to be more of a visual person such as myself: + +[XRT price correlation for the past \~1 year](https://preview.redd.it/ts4z77u88ph81.png?width=1517&format=png&auto=webp&s=2508e438425f53c52e0a14690f35b04d1fe617c7) + +I tried to add captions to make things easier to follow along so hopefully you are still with me at this point. As you can see, XRT's price is strongly correlated for a good chunk of the year with the exception of a few big deviations which can be seen by looking at the indicator on the bottom of the chart. **Currently I have no idea what causes these big deviations so if you have any thoughts please let me know.** They do not seem to be related to rebalancing dates and I cannot think of other factors that may have influenced the correlation other than a change in tactics by SHFs. It also appears that we may be entering another phase of reduced correlation based on the larger fluctuations that have been occurring in XRT's price which do not seem to coincide with movements for GameStop quite as well. I would love to be able to say that these fluctuations predict large swings in price but that does not seem to be the case as far as I can tell so hold your horses before getting too jacked. + +One thing I was curious about was how XRT has correlated historically with other big price jumps GameStop has seen in the past and I was not disappointed. The last time this seems to have occurred was 2013-2014 so let's take a look at the graph below to gain some insights: + +[XRT price correlation 2013-2014](https://preview.redd.it/ahhwx7e5bph81.png?width=1512&format=png&auto=webp&s=aff7678534c34187d92e3346901b68d010525ab0) + +Again, there are captions on the chart but I'll point out some key facts here too. GameStop traded between a low of $16 to a high of around $27 for over four years from 2009 to early 2013. As 2013 continued, the price spiked up to over double the high of the previous four years ($27) to $57.59 in November 2013. Slowly but surely the price then fell from this high and ended up being the highly abused and naked short sold stock that we all know and love today. I don't know about you but the price sure does seem to be correlated here as well, doesn't it? Interestingly, there seems to be a lot more fluctuations in correlation during this period of time for some reason, although these appear to coincide (somewhat) with XRT rebalancing dates based on first glance. Admittedly, I am just now making that realization as I am writing this post so I'll have to revisit that hypothesis at a different time. **Also, I do not have access to any historical options data because it seems that the only way to acquire that information is to pay for it and I'm a graduate student so that ain't happening. It would be absofruitly amazing if someone could give me access to this information as it might help clear some things up.** + +While finishing up this post I decided to actually go back and add the two following charts to see how correlation between XRT and GameStop has fluctuated over their lifetimes: + +[XRT Correlation on Weekly Chart](https://preview.redd.it/nuvv7dq07qh81.png?width=1516&format=png&auto=webp&s=c75a3535da351ea1054fb5b3edce83ecebe09597) + +**IMPORTANT NOTE: Caption is mixed up! Should say XRT = blue line (price = left side) & GME = orange line (price = right side)** + +On this weekly chart we can see that, over the course of their respective lifetimes, XRT and GameStop appear to have persistently maintained this fluctuating pattern of positive correlation. It appears that the strength of the correlation has recently reached it's highest ever previously recorded point (0.96) as of January 31, 2022 and has remained there since. Notably, this level of correlation has only ever been reached once before in 2009. + +[XRT Correlation on Monthly Chart](https://preview.redd.it/a4enyiw37qh81.png?width=1441&format=png&auto=webp&s=f6c15fdd072d94928b07716a4dc3b95e579657ec) + +**IMPORTANT NOTE: Caption is mixed up! Should say XRT = blue line (price = left side) & GME = orange line (price = right side)** + +On this monthly chart we can see that the pattern of fluctuations continue but with a notable difference showing that correlation has been consistently above 0.70 for the past \~1 year. As opposed to the weekly chart, this monthly view suggests that GameStop and XRT have been showing a strong positive correlation for a longer period than ever before. + +**Mini TLDR:** The price between XRT and GameStop is positively correlated as we can see in the first chart. The second chart shows us that they were correlated during GameStop's last spike in 2013 but less so due to larger and more frequent deviations between the two. Over their respective trading lives, XRT and GameStop appear to have maintained a relatively high level of positive correlation. The weekly chart suggests we have entered a new period of high correlation while the monthly chart shows that GameStop and XRT have been more positively correlated recently than ever before. + +# Options data hinting at big moves: + +To be honest, I had no reason to look at XRT options data until I stumbled across a post by u/b0atdude87 which highlighted how bizarre all of this really is. Now I won't lie, those heat maps make absolutely no sense to me so I went through and created some charts that I hope will be helpful in showing you all what we're both talking about as far as XRT options being completely bonkers. First, let's start with what the available options chain data looks like: + +[XRT options chain based on all available data](https://preview.redd.it/0r001jx9hph81.png?width=1107&format=png&auto=webp&s=11cca95a2d36e8d83f38696c46db795526d20c80) + +Unless you are an ape of truly impressive proportions I am pretty sure that you can see how strange this all looks. Better yet, if you're an optimistic ape like myself, you might be getting slightly jacked about the message it sends because it may indicate big moves in the relatively near future as this represents a TON of options. Just because it was possible I went ahead and separated out the calls and puts into separate charts to show a bit more of the data: + +[XRT Puts](https://preview.redd.it/5o9u1vxtjph81.png?width=738&format=png&auto=webp&s=6bb4d59352cacbc8a713fa736e41df333ed59f2d) + +[XRT Calls](https://preview.redd.it/c9kazwiujph81.png?width=789&format=png&auto=webp&s=ed071e412cb455f97bd3ac5cc2704f801922bd8f) + +Based on this, it seems very clear that whoever is putting money towards these options heavily favors puts. Intriguingly, they appear to be favoring both calls and puts on several key dates in the future. **For this post we're going to be focusing on two dates which seem to be of particular importance and because they are closest to the present: 2/18/22 and 3/18/22.** + +Disclaimer: the following charts might be a little difficult to read because of the amount of strike prices included. If you are unable to adequately read them I will try to add summaries after each to highlight the main points. You can also easily access options data for these dates through a variety of different sites if interested. I would highly recommend doing so as things will undoubtedly change moving forward when more puts/calls are opened. + +# February 18, 2022 - THIS COMING WEEK + +[XRT Puts & Calls for February 18, 2022](https://preview.redd.it/x7a9047nkph81.png?width=2745&format=png&auto=webp&s=b2cde9b9a95a2ed05f93fa48e425de0f847345a3) + +[XRT Puts for February 18, 2022](https://preview.redd.it/1w4hdi9okph81.png?width=2746&format=png&auto=webp&s=30ce5cdb333e4eb7d8d7b04d53094beb2dcc2d52) + +[XRT Calls for February 18, 2022](https://preview.redd.it/8rq5q63pkph81.png?width=2746&format=png&auto=webp&s=88c08298b5a3de0b8be124024593f89ca71fa2ba) + +Alright so first thing that jumps out here is that there are a ton more puts than calls, as previously noted. The second chart looks like there are the highest number of puts at the $74 and $75 strikes but these are followed by high amounts of puts at $70 and $65 as well. Considering the current price of XRT, which is $79.44 as of closing on Friday (February 11th), these puts might be indicating a drop of anywhere from $4.44 - $14.44 over the course of this next week which I believe translates to anywhere from a 5.69% - 18.28% drop *in just one week.* + +Calls, on the other hand, are much more optimistic which might feel nice to read about but please keep in mind that there are FAR fewer calls. This might mean absolutely nothing at all but I think it's important to note that the difference is staggering and indicates that someone or some organization is betting an absolutely wild amount of money that the price will go down rather than up *this week*. That said, looking at the chart we can see that the top four call strikes for this coming week are $100, $93, $90, and $101 (ordered by highest number of calls). This would mean a rise in price of anywhere from $10.56 - $21.56, which percentage-wise would be equivalent to 11.74% - 21.35%. + +**Even though XRT and GameStop are correlated I am going to avoid speculation about how much of a change we may expect in price of the latter based on these calls/puts. My brain is spinning just writing this and I haven't the foggiest idea of how to go about quantifying how the correlation would translate to actual price change for GameStop. If you are smart enough to do so please feel free to comment, I'd honestly love to see.** + +# March 18, 2022 - MOTHER OF ALL OPTIONS ABNORMALITIES + +[XRT Puts & Calls for March 18, 2022](https://preview.redd.it/ben0fksvoph81.png?width=2717&format=png&auto=webp&s=1786c1c4e97b45716c5c41ee4fe45c42a80ad904) + +[XRT Puts for March 18, 2022](https://preview.redd.it/6np5xgozoph81.png?width=2719&format=png&auto=webp&s=8db2ad3363fff82fb791211459deda018606a768) + +[XRT Calls for March 18, 2022](https://preview.redd.it/xa33cq52pph81.png?width=2719&format=png&auto=webp&s=050f9e76dd8c6d85247b8968b4d642e5319d31e6) + +**Note: There is such a HUGE variation of strike prices for this date that it makes including all the options data in one chart very difficult to see. I'm tired and don't want to change these charts so please zoom in or check out the options data for yourself on any of the million websites that offer this information for free.** + +Alright since that's out of the way let's talk about what we observations we can make based on this information. Again, there are a ton more puts than calls which would suggest that someone, something, or (most likely) some organization is heavily betting against the notion that price will rise dramatically. **Despite the crazy number of puts, this data indicates an expectation that price will rise when compared to what we just saw for February 18th.** The top five strike prices with the highest amount of puts this time around seem to be $80, $70, $75, $78, and $72. Compared to the current price of XRT this would translate to anywhere from a $0.56 rise in price to a $9.44 drop which percentage-wise would mean anywhere from a 0.7% rise to a 11.89% drop. Before moving on to talk about calls I have a couple of thoughts here. Firstly, I decided to discuss five strikes for this date because of how close several were and leaving one out seemed relatively pointless given the close numbers of puts here. Notably, the $80 strike price has ONE MORE put open than the $70 strike which seems weird but is probably nothing considering both have over 43,000 puts each. + +As far as calls are concerned, things seem to be increasingly optimistic based on the top five strike prices which appear to be $110, $93 $86, $84, and $90. Notably, the $100 strike price appears to have a very similar number of puts as that of the $84 and $90 strikes but did not make it into the top 5. Overall when compared to the current price of XRT, this call data would suggest a rise in price anywhere from $4.56 - $30.56, or in percentage terms, a rise of 5.74% - 38.47% over the course of the next month. + +# TLDR: + +**Why XRT's price matters:** Overall, XRT's price seems to be positively correlated to GameStop's stock price. This correlation is not something new as it appears to have been present during GameStop's last historical spike in price which occurred in late 2013. Even though the correlation is not new, XRT and GameStop stock prices seem to have been more frequently and strongly correlated over the past \~1 year than in 2013-2014. Therefore, a big rise or fall in XRT's future price would likely coincide with a similar rise or fall for GameStop. There are insanely weird options data for XRT on several key dates in the future which include 2/18/22 (this coming Friday) and 3/18/22. Options data include far more puts than calls for the four dates in 2022 with options anomalies. + +**Options data hinting at big moves:** For 2/18/22 (this coming Friday), puts are obviously more bearish and the top four strikes suggest a drop in price for XRT from 5.69% - 18.28% while calls are optimistically bullish with the top four strikes indicating a jump from 11.74% - 21.35%. Options data clearly shows 3/18/22 as a considerable outlier and I have dubbed this date as the "mother of all options abnormalities" as a result. Puts are still bearish but appear to foreshadow a more optimistic future as the top five strikes suggest anywhere from a 0.7% rise to a 11.89% drop. Calls are again optimistically bullish with the top five strikes indicating a rise of 5.74% - 38.47% over the course of the next month. + +# What my next post will cover: + +How ETF rebalancing likely led to GameStop's gigantic March 2021 crash by giving SHF's fuel to trigger stop losses + +What upcoming ETF rebalancing may do to GameStop's price, why this may serve as a catalyst for MOASS, and how it could lead to a drop in price later on + +Why XRT options data for Jan 2023 + 2024 have me jacked beyond belief +Hi everyone, + +I work as a software engineer and recently I've been getting quite a lot of recruiters contacting me about 100% remote positions offering decent salaries. I'm currently London based and whilst I'm making decent savings every month it's still not enough to ever feasibly break into the insane property market here. I don't have any strong ties to a particular UK city so theoretically I could move anywhere (currently considering Belfast) + +My main concerns are: + +* This is just a trend that's not going to last long. + +* If it's not a trend there'll be a race to the bottom regarding salaries + +* Staying in London for a few more years could still work out better from a purely financial PoV because of the sheer amount of top paying positions concentrated in the city + + +At the end of it all though, the idea of just having my own 3-bed in Belfast for half the price of my rent here in London feels like it'd just be a nicer quality of life. I was wondering if anyone has taken a similar plunge due to the WFH trend and moved to somewhere cheaper whilst working 100% remotely, what has been your experience? + +I imagine if you have a family it's pretty much a no brainer (raising kids in London seems impossibly expensive to me) +So while I don’t have as much as some people here, I’m still doing pretty well for myself. However not many people in real life know this. + +I was recently laid off, no big deal. I saw this coming and look forward to my unpaid, impromptu sabbatical. I’m planning to the take the time to do some travel that I’ve want to do, but haven’t had the time to. + +Well today at Thanksgiving dinner this came out. Most people where like OMG, that sucks. People of course had advice, and my uncle was telling me that I should rent out a couple of rooms to help pay the mortgage. I don’t want people to know my financial status, but I’ve tried telling them I am fine. + +My parents were kind of upset that I didn’t tell them sooner, but the reason I didn’t is becuase I didn’t want them to worry. + +Anyway I thought folks here could relate. +This is a fantastic TED talk. The speaker provides a clear message - "financial stability is not a skill, it's a lifestyle" + +&#x200B; + +[https://www.youtube.com/watch?v=F89eycANUrQ](https://www.youtube.com/watch?v=F89eycANUrQ) +**EDIT: DISCLAIMER: This post is obsolete, i fixed some data and add some valuation methods in the new post, check it out** [**here**](https://www.reddit.com/r/investing/comments/y27b2p/intel_corp_a_quick_evaluation_part_ii_with/) + +Good Evening folks! + +*I am a student that has recently found a passion for financial analysis and evaluation of companies. In fact, i would like to be a Financial Analysis my self in the future, thus i am practicing with some fundamentals and analysis for now! Sharing here so you can judge and maybe give some advice c:* + +*So, let's start!* + +# CAPM and Beta + +* **Levered Beta**: 0.71 +* **Unlevered Beta**: 0.56 +* **CAPM**: 7.22% which will be used in the Discounted Cash Flow + +&#x200B; + +# Evaluation Methods + +To evaluate the fair price per share i used 3 approaches and the calculated the average of them: + +|Method|Price|Description| +|:-|:-|:-| +|**Adjusted Graham**|$34.39|Used the Adjusted formula which has: P/E of 7; growth rate of 1%; AAA Bond yield of 4.77%| +|**CFO Evaluation**|$26.56|7.22% Discount rate and 1%growth rate. It gives a MCap of 108.88 B| +|**Discounted Cash Flow**|$37.13|Here i used analysts growth rate for next year and projected the growth rate of 17% for 5 years. (I did not discounted debt from it)| +|**Average Price per Share**|$32.69|The Average price of those 3 methods| + +**Current price is $25.20**, which puts Intel in the **Undervalued** category + +**Edit:** *if i use my growth rate of 1% also for the DCF, we have a price of* ***$14.99*** *for the Discounted Cash Flow method, bringing the* ***Average Price to $25.31***, that is interesting hm + +&#x200B; + +# Risk Analysis + +By Observing the historical variation of the Free Cash Flow of Intel for the last 13 years, we have the following data: + +|Risk Free Rate|3.89%| +|:-|:-| +|Market Expected Return (consensus)|9.87%| +|Average Return|8.18%| +|**Adjusted Return**|**4.30%**| +|Variance (risk rate)|10.57%| +|**adjusted Risk**|**6.68%**| +|Standard Deviation|32.51%| + +The company doesnt have that much risk based on historical data set, which without factoring possible outliers in the future, we can declare the stock a low risk stock, with its **adjusted risk of only 6.68%** and an **adjusted return of 4.30%** + +&#x200B; + +# Ratios + +|Cash Burn Rate|0.82|The company is burning its Cash and Cash Equivalents in an unexpected rate| +|:-|:-|:-| +|**Month Remaining**|9.84|The company can cover its short term expenses only for 9 months more without taking any debt| +|**Working Capital**|1.86|The company can cover its short term expenses with its current assets| +|**Acid Test**|0.16|The company cannot cover its short term expenses with only its cash and cash| +|**ROE**|\-0.45%|Non that bad but not good| +|**ROA**|\-0.41%|Non that bad but not good| + +# Ratios Comments + +* We can clearly see that the company cannot cover its short term dues within **9 months** only by its Cash, and if the company doesn't do something, which they will, it can go tits up. +* Its current assets do cover its short term expenses if Cash isnt enough, liquidation of current assets cn cover it. +* Acid Test tells us that they will take some short term debts to cover the short term expenses. +* ROE and ROA arent that bad, they tells us that the company is in a situation between falling and recovering. + +# Conclusions + +As we can see from this quick analysis, the company isnt in that great shape, but still, it is not dying neither! Taking in mind the macroeconomics and geopolitics factors, it is reasonable the current short term down trend of the stock. + +* We can see this with the **CFO analysis**, which factors only the current CFO and project it t the near future, this gives us the indication that in the short period, the stock will continue to drop in value following the overall market trend. +* With the **Adjusted Graham formula**, e can see that the long term intrinsic value of the company is much much higher that the current one. +* Meanwhile the **Discounted Cash Flow model** suggests us a price near the Adjusted Graham ones, but this shall be take in consideration if we have a FCO average growth of 17% for the next 5 years, which is hard with the growing competition. + +I will set its fair value as the average of those 3 results: **$32.69** (this price valuation doesnt take in count future and possible developments, good or bad, and it is the value of the company based on todays data). + +**Risk Analysis** was used to determine whether this is a dangerous investment, with turns out to be not. Intel has a low market risk: **6.68%** (Variance - Risk Free Rate). This result is understandable due to the fact that our modern world runs on chips. which intel is a manufacturer. We can expect at least a 30% surprise maximum variation maximum for the FCF variation factoring unexpected events. + +**My overall Conclusion:** Expecting some news from the company about its current short term expenses, probably some cuts or more workers laid off. In the short term the price is destined to plunge more, but in the long run i still see a good value in it. I would by in, average down probably, and hold for at least 5 years before thinking of selling. + +[Here](https://docs.google.com/spreadsheets/d/1o4oWNaOYz-TY5tF8UFVICoiC_-tohGnG/edit?usp=sharing&ouid=111541358396870593416&rtpof=true&sd=true) the excel where i did my numbers + +*What do you think? Do you have any suggestions? Advices? I would like to improve and learn more from you guys! Feel free to comment :D* + +**TLDR**: Fair Value of **$32.69,** The stock is Undervalued for the Long Run, Short Term price will fall + +***Again, i did not take in mind macroeconomics, geopolitical risks etc, this evaluation is based only on the current data available and shall not be taken as an investment advice*** +I can't get my head around how rolling is beneficial. The argument for rolling is that you gain credit while adding time and trying to keep the dream alive. But what's also happening is your new positions are "weird" with low profitability of profit, and they are not something you'd normally open. You are also holding up capital that you could have used to open a preferable position. Can anyone point me to anything that shows that rolling is better than closing a position and opening a new one? +As the title says I'm in a pretty rough situation. Have a pitch on Monday for 2 stocks and I feel like I'm still about as clueless as I was when I started. The stocks are EQR and SUI, I'm supposed to choose the better one to hold over next 12 months. + +I've spent most of the week understand the industry (REITs and apartment/land leasing) and it's drivers. Can anyone offer some insight? If you had a day and a half to put together a pitch on 2 companies, what would you do? Happy to pay back with beers for your time and help. +As my son was leaving for work this morning I said, "Hey, you know it's Friday the 13th today? But nothing bad ever happens on Friday the 13th." I can't say that anymore. Just got a call from my boss. Our company is folding, and this ape is now out of work. I've been the primary source of income for our household since my SO's 30+ year career dried up last year. He's working...but at a job where he's making an hourly wage that's about what he made when he was in high school. + +I'm not normally one to spread my life drama on the internet, but I gotta say, this is scary as fuck. When I talk to my family, I need to be strong and positive, so I'm coming here to vent the weak and negative thoughts that are swirling around in my smooth brain. Could use a little ape encouragement right about now. +So, a week or so ago, I replied to an OP on here who'd asked about whether there was hope for them. They were in debt, terrible credit rating, etc etc. + +It struck a nerve with me because I'd asked for similar little bits of advice, but never shared my whole sorry story. Not with family, friends, partners, not even a professional. But... UKPF was the first and only place I ever told that story. Because this was not just a safe place, but somewhere I got huge amounts of second-hand help, because I read EVERYTHING. On here and the legal advice UK thread. + +Essentially, was young, was stupid, made terrible financial decisions due to a lack of financial literacy and didn't know where to go for help. + +Anyway, this isn't a sad story. Quite the opposite. + +I've gone from, six or so years ago, to being in debt, defaulting, owing council tax, and generally not being a proper grown up... to this week being approved on my mortgage. Wow. + +And a lot of it has been through following advice on here. This forum truly really is something amazing. The high quality of advice, the lack of judgement and the experts on hand who ask for nothing in return was the biggest motivation for me not just to clear my remaining debts, but to actually look to the future. + +I've now got an emergency fund, a pension, a rewards credit card, an Experian rating of 999 and, fucking hell, a mortgage. + +I managed to go from being in debt and a little bit afraid of the doorbell going, to having literally nothing to worry about bar the UK going full Boris and no deal. + +And I did it without having to tell anyone about it. + +So really this is part thank-you, part OMG I can't actually believe it, but mostly, for the people out there who think they're absolutely up shit creek, there is no problem you can't work on. + +The thing that amazed me most is that when you're actually trying to sort your life out, just how much leeway you're given by creditors. + +If you are honest, don't avoid calls and just be honest with people, and they see that you're trying, they will bend over backwards to help. + +Make that call, open that letter. It's a step towards life being enjoyable again :). + +P.S. either all of this is a lie, or my name is. Or both! :) + +**Edit** I cannot belive the attention and kinds words, thank you all. And we were graced by /u/pflurklurk, the semi-mystical oracle of the flowing charts. A few people asked how I did it in more detail, and I wrote them a comment. And I thought I'd share it here, too.** + +*P.S. definitely don't believe a word I'm saying, I'm totally full of shit x* + +I've worked non stop for the last, hmm, 16 years. But around five years ago I had a low paying job, £23.5k but within the M25, near Kent, so had zero extra money. + +Stayed like that for a while but I upskilled myself a lot, didn't make any extra money but got good enough to be paid at a lot of new skills. + +Moved sector, got a bump up to £35k and a slightly more senior role with some direct reports. Resigned during layoffs and went freelance for a while on a fairly good day rate. + +Then rolled that into a pretty good team leading/managerial role with an international company but with a UK base, with a much healthier pay packet. + +With the first pay rise, I kept my living costs the same and put all the excess money into paying off my debts, as I wouldn't feel the loss. + +Then with the next one I upped my living costs a bit, as a reward, as you can't just live a misery life, even if it's for a good reason. Some perks help you keep fighting the good fight. + +But I also put everything over and above the treats into paying off my debts, plus all bonuses for my first year. + +I also started paying into the pension from my first full pay check, to the max I could contribute, so that again if I started paying, I'd never feel like I lost money in a pay day. + +Once each debt rolled up closed, and the people calling up or knocking on the door were paid off, I started picking up and opening older letters and getting in touch to satisfy things that were still oweing. + +I also kept some of the money aside to put into my emergency fund, so that grew about as fast as the debts went down. Yeah I could have made a few percent more or paid less interest if I'd paid all the debts first, but I wanted the safety of an emergency fund and I was now earning enough that every pound didn't matter anymore. + +And then after that, there was no debts. But I kept the money I had been paying into debts into my savings for my deposit instead. Again, I wouldn't notice the loss. + +And that really is that. And I basically cheated, I used improvements in my life's circumstances to increase the repairs I was doing to my credit and finances, so I never actually felt my quality of life go down, I just got smaller leaps than I would have done sans Becky's Bad Decisions™. + +So I don't felt like I actually did the work, or at least, Becky Who Reads UKPF™ did. Thanks, bitch. I owe you. +http://imgur.com/a/aYVjO + +This was the first letter he sent to the shareholder after their IPO in 1997. + +Incredible ability to think long term. + +Edit: Butchered the title +**The good folks at [/r/stocks](https://www.reddit.com/r/stocks/) seemed to enjoy this so I'm just going to copy paste it here.** + +To all you traders who are starting out, I would really like to share this youtube channel that helped me out when I was getting started. + + +Check out [Bob Colling](https://www.youtube.com/user/neboxian/videos). + +The dude is genuinely trying to help out traders who are trying to get in to the industry. I hope that this provides as much help to you as it did to me. + +EDIT: Due to popular demand (pun intended) I put together this small list of a couple of helpful videos. + + +[This video](https://youtu.be/GTtKLeDTCHo) explains the fundamentals of trading and showcases a lot of terms that new traders should know. His channel also features a lot of stuff that will come in handy, including these videos where he introduces his friend to the world of stocks, which helps you evaluate your strategies in stock trading. + + +[InformedTrades](https://www.youtube.com/user/InformedTrades) is a similiar type of channel where he goes trough a lot of analysis and patterns. +Many of you might be familiar to this stuff, but seeing how other people approach the stock market helps you develop your strategies and makes you question your own approach. + + +Breaking it down to the core fundamentals and evaluating the basic truths is something that for example Elon Musk uses with problem solving. + +EDIT 2: Also, [tothetick is a channel dedicated to technical analysis](https://www.youtube.com/user/tothetick/videos) +I read a number of articles including la times and such as this + +http://www.chicagotribune.com/business/ct-americans-dow-22000-investing-20170803-story.html + +it states most americans do not benefit from the rise of the stock market. So more than 50% own no stocks? I am not sure I believe that what do you guys think +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. +With more people being priced out of the housing market, will they then start renting out property, which will make rent go up since there is a greater demand? +I wanted to start a discussion after hearing Bruce speak this week, for those that don't know him. He is one of the leading data experts on real estate timing in California. Correctly predicting many of our cycles with his in depth reports "The California Comeback" - 1997 & "The California Crash" - 2006. I can't recall the name of his later reports but in 2010-2013 he was very bullish in California, suggesting we buy as much as we can get our hands on. Again, predicting the market correctly. + +He is now promoting a January event, California Real Estate: On Borrowed Time and went over the bullet points of his report he is still working on last night at the San Diego Real Estate Investors Association. There is little doubt he is now very bearish on California and national markets. When this man speaks, I listen. He is moving his money to southwest Florida where he can achieve higher cash flows from newer properties. Focusing on the growing demand for workers in the healthcare industries due to aging baby boomers. 1031 exchanging single homes in California for 2-3 new construction rental units. + +It doesn't seem like he is calling for a crash, but a period of flat values and struggles for certain assets. Similar to 1989 to 1998 when values were mostly flat, although certain types of real estate did suffer. His warnings included getting out of less desirable properties (poor location, old, etc). Avoiding luxury flips, multi units in areas where there is high competition from other multi units. + +Bruce is someone who is very focused on timing, in California that seems to be a very important aspect of investing. I wanted to see where other California investors are in regards to the current market and their thoughts moving ahead. +"From March 2020 through March 2021, I was head trader at Archegos Capital Management. During this time, I and others executed trades that allowed the fund to amass market power and certain securities traded on U.S. exchanges. Archegos used security-based swaps to gain exposure to these securities while concealing the true size of the fund's positions from the market and our trading counterparties." + +Proof that the public figures for short interest are a lie. If they did it, everyone is doing it. + +Sauce pg 181: https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf +Ethtrader should be celebrating ripples success. I, for one really hope it passes bitcoin because it actually has technology beyond store of value and can handle transactions. + +Let xrp do what xrp intends to do and vice Verza for ethereum, ether isn’t meant to be used by banks or as a general currency, they don’t have conflicting goals. + +And the whole “xrp is centralized so I hate it” is just dumb. Of course blockchain will have centralized applications, not everything (arguably can) will be decentralized and the more exposure blockchain technology gets, of any sort, will shed more people light to decentralized applications of it + +I’m seeing a lot of people here, /r/ethereum and /r/ripple pitting eth and xrp against each other and it’s really bothering me - Especially here because I generally take this as the lighter hearted and less toxic community, I’d prefer to keep it that way +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 am trying to get out of the mindset that one should focus on growth stocks and not dividend stocks because, over the period of time, growth stocks will earn more. I never really ran such calculations to confirm this belief. +I have almost 20 years to retire and mainly invest in passives indexes. I would like to include a few dividend stocks as well. + + +Does anyone know of a tool that would backtest comparing S&P 500 and DRIP dividend stocks? +Sold a $10 wide credit spread on TSLA today for a $90 credit today ($990/$980 calls). This trade loses money if TSLA is over $976 by the Feb expiration cycle. TSLA would have a $919 billion market cap at this stock price. + +I know, I know, never bet against TSLA. In this case I think it's had an incredible run lately and adding another 33% to the stock price is very unlikely in the next 46 days. +After following the past two weeks' earnings reports closely, I feel pretty baffled by the extreme reactions markets have shown both upwards or downwards depending on how earnings were interpreted. + +We saw Facebook drop over 25% within a day ($200b of market cap!), Paypal drop 25% or Spotify drop some 23% as well. + +On the other hand, AMZN is up about 13% after market close, Google gained about 11%, as did AMD right after earnings. + +The overall sentiment of the market may play a big role here, but is it only me who feels like these reactions are more extreme than they used to be? I cannot recall a time where a single report could erase or add hundreds of billions of valuation within an hour or two. + +What are you guys' thoughts about this? Are these market reactions symptomatic for a stock market that has simply run too hot over the past few years? Is it a temporary effect or should we get used to such extreme reactions? + +I'm looking forward to hearing your takes. :) +A couple of weeks ago, I posted a comment in response to a question about ETFs. This question comes up very often; usually two or three times a week. Maybe more than that. Several people suggested that it be "pinned." I obviously cannot do that, however if a mod wants to pin this, feel free to do so. I did make a few modifications and additions to that comment and for those who haven't gone back to see the changes, I thought I'd post it again here. Hopefully, this helps people who are interested in an investing approach that is either made up of ETFs or that includes ETFs as a part of their portfolio. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**QQQ** \- This one uses the NASDAQ 100 as its benchmark. Obviously it's an Indexed, non-managed ETF. XTF used to rate this one as a perfect 10.0 out of 10 rating, but recently dropped it to 9.9 out of 10. It has one of the highest rates of return over the past 10 years of any ETF. It does tend to be tech-heavy, especially with the FAANG +M stocks. (Facebook, Apple, Amazon, Netflix, Google and Microsoft). Other top holdings include TSLA, NVDA and ADBE. (The rating dropped recently when the portfolio of the NASDAQ 100 was re-balanced). + +**VOO**/**SPY** \- **VOO** and **SPY** are non-managed funds indexed to the S&P 500 Index. These funds are very popular on this subreddit, for good reason. They are well diversified, broad market funds investing in mostly US stocks. XTF rates these funds at 9.6 out of 10 because their return on investment over the long term is somewhat tempered by some of the blue chip stocks in the funds. But those stocks also help reduce volatility relative to some other ETFs. These are solid investments, but keep in mind that in the top 10 holdings there will be a lot of crossover between these funds and other broad market funds that hold US stocks like **QQQ**, **VTI**, **VGT**, **VOOG** and **SPYG**. There are differences, of course, as well, but you always want to know where those duplications exist. + +**IWF** \- This is a Russell 1000 Growth fund. It is one of my favorites that doesn't get talked about much. It does have a lot of crossover with the other funds mentioned above, but the mix is slightly different. Other funds that use the Russell 1000 Growth Index include **RWGV** and **VONG**. I would describe this fund as more aggressive than **VOO/SPY**, less volatile than **QQQ**. **VONE** and **IWB** use the Russell 1000 Index as their benchmark. **SPYG** and **VOOG** use the S&P 500 Growth Index for their benchmark and would be similar (but not identical) to **IWF**, **VONG** and **RWGV**. + +**IWM** \- for someone looking to diversify a little bit, this is a great fund to look into. This fund is a non-managed, indexed fund that uses the Russell 2000 index as its benchmark. The big difference between the Russell 2000 index and many of the the other indexes is that the Russell 2000 index looks at small and mid-cap companies, rather than large-cap companies. Thus, there is zero crossover between this one and the funds mentioned above. While this fund will move up and down with the market, it is often less volatile than the market overall. If you look at the charts, this fund has under-performed some of the other funds over the past few months while the market has been very volatile in an upward direction, but in a crash, this fund would probably outperform the rest of the market. It has a 9.0/10 XTF rating. + +**VXUS** \- Vanguard Total International Index Fund ETF - top holdings include BABA, Tencent, Samsung, Taiwan Semiconductors, Novartis, Toyota. This is a broad market fund investing only in companies overseas. I'm not generally bullish on foreign markets, but this one is a very solid ETF with some companies that are likely to do extremely well for the foreseeable future. XTF rates this one a perfect 10.0 out of 10. + +**EEM** \- iShares MSCI Emerging Markets ETF - This one is going to have a lot of crossover with **VXUS**. It is an Emerging Markets ETF with a lot of focus on China. It includes Alibaba, Tencent, [JD.com](https://jd.com/), along with companies like Samsung and Taiwan Semiconductors. This one should be a solid performer as long as our trade relations with China remain normal. + +**EFA** \- This is another international ETF, but here the focus is mainly on more established companies in Europe and Japan. This is a Large Cap ETF that includes companies like Nestle SA, Roche, Toyota, Novartis and AstraZeneca. + +**S*****ector fund ETFs:*** + +**ICLN**/**TAN/FAN** \- These funds are clean/renewable energy ETFs. ICLN is more broad while TAN focuses more specifically on solar energy and FAN specifically on wind generated energy. I think renewable energy companies are the future. There is no crossover in the top holdings of this fund with the top holdings of QQQ and most of the other broad market funds. Also, these are global, not just US based companies. QCLN and PBW are also renewable energy funds, but they also contain a lot of TSLA, NIO and W.K. H.S. in their top holdings making them "electric vehicle" funds, as well. No problem if you want to add that, but you'll find a lot of Tesla in some of the funds mentioned above. + +**ARK** group of funds: **ARKG**, **ARKF**, **ARKK ARKW**, **ARKQ**, **PRNT** and **IZRL**. These are managed funds investing in companies that invest in disruptive companies in their respective industries. Most posters on this subreddit are bullish on these funds. They are aggressive growth ETFs, but should be considered somewhat risky and volatile. + +* **ARKG** \- Genomic Revolution +* **ARKF** \- Fintech +* **ARKK** \- Disruptive Companies (broader market) +* **ARKW** \- Internet/computer/technology (Telsa is a top holding) +* **ARKQ** \- Robotics and artificial intelligence +* **PRNT** \- 3D printing technology +* **IZRL** \- disruptive companies based in Israel + +**XL series of funds**. Similar to the ARK series, these tend to be more aggressive growth funds, however these are passively managed indexed funds with various benchmarks that usually are overloaded in the better companies within a sector: + +* **XLV** \- Health Care +* **XLK** \- Technology +* **XLY** \- Consumer Discretionary +* **XLF** \- Financial +* **XLU** \- Utilities +* **XLE** \- Energy +* **XLB** \- Materials +* **XLC** \- Communications +* **XLG** \- S&P Top 50 +* **XLI** \- Industrial +* **XLP** \- Consumer Staples +* **XLRE** \- Real Estate + +**CLOUD COMPUTING:** **WCLD**, **SKYY**, **CLOU**, **BUG** and **XIKT**. Of these **WCLD** has the best 52 week performance. Top holdings in **WCLD** include **ZM**, **PLAN**, **CRM**, **CRWD**, **ZEN**, **WDAY**, **TENB**, **PCTY**, **DDOG**, **BL**. Many of these are likely to also appear in **QQQ**, however, they would be in very small percentages as the Cap on these companies is much smaller. + +**Aerospace and Defense:** XAR, ITA, PPA + +**Real Estate:** VNQ, FREL, SCHH, IYR, PSR, BBRE + +**Transportation:** FTXR, XTN, IYT, RGI, JETS + +**Oil/Energy:** IYE, FENY, VDE + +**Consumer Staples:** FSTA, VDC, IECS + +**Media/Entertainment:** IEME, PBS, PEJ, IYC + +**Robotics, AI, Innovative Technologies:** THNQ, ROBO, XITK, SKYY, GDAT + +**Semiconductors:** SOXX, QTEC, QTUM, SMH, FTXL + +**IT:** FTEC, VGT, IWY, IGM, FDN + +**Cyber Security:** HACK, CIBR, IHAK, BUG, FITE + +**Consumer Discretionary:** FDIS, VCR, IEDI, JHMC, IYC + +**5G, Connectivity:** FIVG, NXTG, WUGI + +**Self Driving EV:** IDRV, DRIV, MOTO + +**Gaming/Esports:** NERD, HERO, ESPO, GAMR, SOCL + +**Casinos/Gambling:** BETZ, BJK + +**Online Retail:** IBUY, EBIZ, ONLN, CLIX, GBUY, BUYZ + +**Utilities:** IDU, VPU, FUTY, RYU + +**Health Care:** FHLC, VHT, IYH + +**Medical Devices and Equipment:** IHI, IEHS, XHE + +&#x200B; + +**Other Unique ETFs, non-sector based:** + +**CHGX:** US Large Cap Fossil Fuel Free ETF + +**VIRS:** Biothreat Strategy ETF + +&#x200B; + +&#x200B; + +***A nice portfolio might look something like this:*** + +**20% -** Broad market US fund such as QQQ, VOO or IWF + +**20%** \- VXUS - International + +**20%** \- IWM - Small/Mid-cap broad market fund + +**10%** each in four sector funds of your choice + +*I'm not a financial expert or advisor and this is not financial advice, just an opinion from a random internet person. I do own shares in several, but not all of the funds listed above, including QQQ, IWF, some ARK funds, ICLN, VXUS, etc.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Edit**: In one of my previous edits, I accidentally erased a bunch of the sector funds. Please feel free to comment with your favorite sector funds and let me know if I forgot to add back some that I had before. +Guten Morgen to this global band of Apes! 👋🦍 + +To be candid, my friends, when GameStop announced their partnership with Immutable X, I didn't immediately register that as a strong partnership. I had only vaguely heard of Immutable X, and was not expecting an announcement of anything other than a partnership with Loopring, since there have been so many indications of tight collaboration between those two companies. However, the more I have watched interviews and read about what Immutable X has done in the NFT space to date, the more excited I am about this partnership. It is clear that GameStop chose a partner who is passionate about the potential that NFTs unlock for consumers and creators, and their commitment to operating in a sustainable way alleviates the concerns that has shut down many forays into NFTs in recent months. The sheer *passion* that they bring to this partnership demonstrates that they are excited about this future, and I'm sure the same *passion* exists on the GameStop side of this deal. + +Meanwhile, we haven't yet heard anything about the Loopring partnership, other than continued indications that there is *something* brewing between the two companies, and it's going to be big. I cannot wait to see what it is, and to be so heavily invested in a company that is on the ground floor of bringing easy and useful NFTs to the masses. Looking back, I think that I'm going to look back on the past week as the first moment I recognized the potential of the NFT marketplace and the role that GameStop is positioning itself in. I can see how Ryan Cohen has attracted such a strong team of true believers. + +Today is Tuesday, February 8th, 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: **$102.71 / 89,72 €** *(volume: 429)* +- 🟥 115 minutes in: $102.57 / 89,60 € *(volume: 409)* +- 🟥 110 minutes in: $102.60 / 89,63 € *(volume: 361)* +- 🟥 105 minutes in: $102.62 / 89,65 € *(volume: 328)* +- 🟩 100 minutes in: $102.69 / 89,71 € *(volume: 323)* +- 🟩 95 minutes in: $102.67 / 89,69 € *(volume: 304)* +- 🟩 90 minutes in: $102.62 / 89,65 € *(volume: 304)* +- 🟩 85 minutes in: $102.61 / 89,64 € *(volume: 297)* +- ⬜ 80 minutes in: $102.58 / 89,61 € *(volume: 296)* +- 🟥 75 minutes in: $102.58 / 89,61 € *(volume: 273)* +- 🟩 70 minutes in: $102.62 / 89,65 € *(volume: 273)* +- 🟥 65 minutes in: $102.50 / 89,55 € *(volume: 267)* +- 🟥 60 minutes in: $102.58 / 89,61 € *(volume: 259)* +- 🟩 55 minutes in: $102.61 / 89,64 € *(volume: 256)* +- 🟥 50 minutes in: $102.56 / 89,59 € *(volume: 220)* +- 🟥 45 minutes in: $102.59 / 89,62 € *(volume: 193)* +- 🟥 40 minutes in: $102.66 / 89,68 € *(volume: 192)* +- 🟩 35 minutes in: $102.69 / 89,71 € *(volume: 134)* +- 🟥 30 minutes in: $102.62 / 89,65 € *(volume: 129)* +- 🟥 25 minutes in: $102.71 / 89,72 € *(volume: 85)* +- 🟩 20 minutes in: $102.73 / 89,74 € *(volume: 80)* +- 🟩 15 minutes in: $102.70 / 89,72 € *(volume: 60)* +- 🟩 10 minutes in: $102.51 / 89,55 € *(volume: 59)* +- 🟥 5 minutes in: $102.45 / 89,50 € *(volume: 47)* +- 🟩 0 minutes in: $102.48 / 89,53 € *(volume: 44)* +- ⬜ US close price: $102.34 / 89,40 € *($101.76 / 88,90 € 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 1.1447. 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! +The family of both myself and my wife are really struggling. It is one financial crisis after another for our parents, brothers and sisters. We are the only person in our extended families with any money. + +It is amazing how many serious financial issues can happen to our family that has greatly impacted our financial Independence. Here are some examples: + +1) Paying for a funeral and burial for a sister in law who was flat broke + +2) Bailing out a sister who had her car repossessed. + +3) Paying my parents $2000 electric bill after power was cut off after months of not paying. + +4) Working with the mortgage company to pay three months of missing payments days before the Sheriff was scheduled to evict them from their home of 40 years. + +5) Paying for a relatives attempt at Beauty School. + +6) Chipping in for a nice wedding for a sister. + +I could go on and on. They said we owed it to them because we were family and were so lucky to have good jobs. +That may sound super obvious, but let me explain. + +I'm running Extreme Cheapskates right now in the background while I work from home, and the things that they're doing to save money are actually so time-consuming and pointless that they may as well just spend the money they were originally going to spend. It's especially confusing because these are people with sizable homes in nice neighborhoods, not people who genuinely need to take extreme measures. For example, one family has a nice big house and a fence in the backyard. The father decides that he's going to repair the fence with odds and ends of wood that he finds around, and doesn't even bother painting the replaced pieces. Now they want to sell their home, and the appraiser is like "Okay... so you have to repair this fence, it's going to be $1,800 minimum". If that guy had just paid a handyman to fix up and re-paint/stain the fence, it probably would have ran him, at most, $150. But now that fence is completely ruined and he has to get rid of the whole thing. The appraiser also explains to them that they're going to HAVE to get their carpet, covered in wine stains, burn marks, candle wax, etc. replaced in order for anyone to even consider the house. They're now at the carpet store, asking if they can "patch" the carpet... As in, try to match pieces of new carpet to the best of their abilities to their current carpet to only do tiny portions of the house instead of re-doing it all. Of COURSE a buyer is going to notice this, and now they're going to have to spend more money than they already did patching things replacing the whole carpet. They also decided to go with no furniture in their living room for almost 10 years except for a beanbag and a lawn chair (which makes me ask, why even bother living in an enormous house...) when Letgo, Offerup, or even the free section of Craigslist is a thing. They leave it empty because they're somehow convinced that they *have* to spend $10-20,000 for a furniture set for the living room and that that's the only way to acquire any. + +Meanwhile, my single mother made around $25k a year (this was back in 2011), and not only made sure we always had food on the table and plenty of snacks, but budgeted to get a new phone every other year, got us new clothes here and there, etc. We had furniture in our apartment. We didn't have shitty toilet paper. I don't think my mom had that much of a savings, and we were sometimes touch and go with rent during the rare periods that she was between jobs, but we were never unable to eat. I don't understand middle-class moms who get obsessed with couponing to the point where they only pay $2 for a month's worth of groceries when that same amount of time and effort (That literally takes HOURS to prepare for these shopping trips) could maybe be put into a business or something, and it would probably result in them making more money than they saved putting ridiculous amounts of time into couponing. I could understand if someone did this when their budget is literally shoelace-thin, and they HAD to. That makes sense. But for these people that have six-figure jobs, it seems like an enormous waste of time. One of the moms from the show rationed out toilet paper (only 3 or 4 squares a day for each person) to supposedly save a few hundred a year when they could have dropped $50 for a bidet... My point is, there's a lot of backwards, complicated thought put into saving by these people that they think saving means to absolutely obliterate their quality of life when plenty of poor people live their lives, saving money *without* needing to buy one-play toilet paper, or re-using bath water with 7 people in the house, or picking road kill off the road to cook (this was actually one of the episodes). It's kinda gross how they find literally the most extreme, at-the-end-of-the-day-pointless measures that they can to save money. +Hello, all please check out this one. Found it and love the project and purpose. This one looks to be backed by a real company that has years of experience in the business. I was really liking the roadmap, feels like they have a plan and the team to support it. No fluff going on here. Looks very interesting. I am very excited to see how they do the marketplace mining from their platform(s) they create. That feature seems very interesting to me as they will be doing it for five years giving everyone who is working with them the ability to earn more than just staking. Also, liquidity is locked which we all know why is important. + +Website: CreamPYE.com + +CreamPYE, liquidity locked contract with low cap and only under 150 holders. Welcoming community with a purpose to end world hunger. + +Tokenomics + +Name: CreamPYE + +Symbol: PYE + +Token Blockchain: BEP-20 + +Total Supply: 1,000,000,000,000,000 PYE + +PanCakeSwap + +Chart: [https://dex.guru/token/0xaad87f47cdea777faf87e7602e91e3a6afbe4d57-bsc](https://dex.guru/token/0xaad87f47cdea777faf87e7602e91e3a6afbe4d57-bsc) + +Liquidity Locked: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x935c085980Aa4868F798FB28dBE39fE550f1eba6&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x935c085980Aa4868F798FB28dBE39fE550f1eba6&type=lplock&chain=BSC) + +PYE Contract: [https://bscscan.com/address/0xAaD87f47CDEa777FAF87e7602E91e3a6AFbe4D57](https://bscscan.com/address/0xAaD87f47CDEa777FAF87e7602E91e3a6AFbe4D57) + +Official Links + +Website: [https://www.creampye.com](https://www.creampye.com/) + +Telegram Group: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) + +Instagram: [https://instagram.com/creampyetoken](https://instagram.com/creampyetoken) + +Again, I think this one looks to be a unicorn in the rough that has done little to no marketing which could be a huge win for us as we are able to get in early and help build the community. I thought in a little but I am ready to run with this one. I was most excited when I checked out their site. All the things check out and the contract looks good. Could be a nice one for you to run with and get behind. + +I am always looking for the next big coin. If you have any or know of any let me know, looking for big wins and moonshots. You can always send them my way. I love to talk through them as well if anyone wants to discuss any. The biggest thing I look for is the team behind the project. If there is nothing on it then I have little interest. + +Hope you all are on your way to the moon! Good Luck! +Did anyone else watch the 4 Corners story on the Public Trusty? Pretty mind blowing that people can be placed under financial guardianship and are essentially locked into a wealth management fund that charges unreasonable fees, providers terrible outcomes and also locks them in so they have no choice. + +Seeing people charged out of their own accounts for the Public Guardian to fight their applications to be released seems just insanity. One guy lost over a million dollars in their "wealth management". Thought I would see if anyone else saw the story and/or raise awareness of it for people who missed it. + +Link: [https://www.abc.net.au/4corners/state-control:-australians-trapped,-stripped-of/13795520](https://www.abc.net.au/4corners/state-control:-australians-trapped,-stripped-of/13795520) +Just watched the presentation by BRN ceo. He mentioned next Monday BRN have an announcement. Said he can’t say what. + +Also mentioned 12 month time frame goal is multiple commercial deals (no shit, you’d hope he’d say that) +On today's edition of Noise by the Kahneman we'll discuss heuristics. I normally put this in the pre-market thread before I start work but today it was a bit too meaty so I thought I would give you some nice read while enjoying the tendies from today. + +Heuristics is essentially the topic of his first book and he recycled a fair bit of content, so I was quite familiar with what he put down. Regardless, it is very relevant to this sub. Here is a thought experiment. If you aren't already familiar with it, make sure you answer before reading below. + + Linda is 31 years old, single, outspoken, and very bright. She majored in philosophy. As a student, she was deeply concerned with issues of discrimination and social justice, and also participated in anti-nuclear demonstrations. + Which is more probable of a person like Linda? + Linda is a teacher in elementary school. + Linda works in a bookstore and takes yoga classes. + Linda is active in the feminist movement. + Linda is a psychiatric social worker. + Linda is a member of the League of Women Voters. + Linda is a bank teller. + Linda is an insurance salesperson. + Linda is a bank teller and is active in the feminist movement. + + +I'll wait. + +Done? Good. + +So, in this example above when done in more scientific circumstances, people tend to pick Linda is a bank teller and is active in the feminist movement as more likely then Linda being a bank teller. [This is wrong. As, if she is a feminist AND a bank teller then she must be a bank teller already (Venn diagram to show visually)](https://i2.wp.com/www.theifod.com/wp-content/uploads/2018/09/feminist-bankers42edf.png?w=569&ssl=1). People tend to substitute the question 'What description is more probable for Linda' with 'Which description is Linda most similar to'. + +Heuristics is the act of substituting a harder question out for an easier one so it is easier to compute. + +Calculating probability is hard, similarity is much easier. + +Now, lets move this to an example with stocks. + +If I ask you the question, Is your dog stocks project on schedule? You will probably think in your head 'well, is it on schedule now?' which will have a heavy weighting on your final answer. However, your not *really* answering the main question. This is because answering that question is much easier then answering the initial question. + +So, there could be macro conditions that you haven't accounted for. You could just be blindly trusting company announcements which are overly optimistic or you may have not compared where the project is at in comparison to its peers. + +Doing all that work is really hard, so we instinctively answer the easier question rather then do proper DD and sit around and think about it (at least I do...). + +---- + +These heuristics create *psychological biases* that result in error. For the rest of this post I'll go through some examples that were given. + +*Base Rate Neglect* + +Imagine you have a new tech startup that is going to change the game in social media. Every time you whinge about a ticker it will send an email directly to the managing director containing your post, all for the low price of $5 a month. Wow amazing, surely this is the ticket to tendies! + +Hold up! You should first check what the percentage of subscription tech start ups survive the first year. If that answer is only 10%, maybe this investment isn't as good as it seems. + +It is important to note here that you can still change that prediction based on your classic factors like marco conditions and how well management can sell snake oil. Just make sure you think about this statistically before you fall for the bait. + +---- + +*Availability Heuristic* + +Oh wow! Look at all these Lithium players that are earning fat stacks. Surely my Malian lithium explorer is also going to succeed. Not necessarily. This bias occurs as more recent events weigh more heavily on our minds. So, if you ask yourself the question 'Am I satisfied with my life as a whole', you may be thinking 'fuck yes I am green as fuck cunts'. This obviously isn't the level of reflection needed to properly answer, have you even considered how you feel about how your wife's boyfriend moving next door? + +In order to get around this, try and think in long term averages instead and ignore that spike of instinct you get in the moment. + +---- + +*Conclusion and Confirmation Bias* + +Conclusion bias is when someone asks you about the risk of T+2ing a stonk at ATH and you immediately respond 'literally cannot go tits up'. You don't even think about it you just completely jump to a conclusion without gathering evidence. + +Confirmation bias is when you do gather the evidence but cherry pick or distort the information to support a conclusion you already support. 'It can't go tits up because they gave us an extra week to get our options!'. + +A good way to prevent these is to imagine what would happen if these propositions were invalid with counter arguments. How quickly do you rush to defence saying 'no, my stock is *different*'. + +---- + +*Affect Heuristic* + +Do any of you feel oddly bearish on Iron Ore despite doing no research on what is driving the price signals? Almost as if some pork chop has been talking mad shit about earning fuckload of tendies on a certain junior producer that is now correcting? + +Your letting your emotions get the better of yourself. Maybe the dip is the best time to buy, maybe your hatred is irrational. This heuristic is simply letting your emotions affect you. + +---- + +*Anchoring Effect* + +The anchoring effect is how an number that someone pulled out of their ass can affect your judgement. This occurs a lot here when someone says something along the lines of "If this company can score this offtake, their SP should be at LEAST 40c". Is that true? Fucked if I know but it sure as hell is going to affect how I think about its SP. + +In one experiment just getting a subject to jot down the last two digits of their social security number drastically changed how much they would pay for a bottle of wine. Up to 3 times more for people with the higher number. + +When you see someone pumping a stock based on a predicted offtake or deal it is really important to critically analyze this as it may be affecting your expectations for the stock which will end bagholding if not met. + +---- + +*Halo Effect* + +Excessive Coherence (or Halo Effect in this example) describes how we quickly form coherent impressions and are slow to change them. First impressions count. Lets say your stock's management has done really well for shareholders for the first year of its operations. However, slowly but surely you notice some odd things. S3 Consortium in the top 20 holders, nothing announcements to pump the price and cap raises a month after directors sell off. The halo effect means you are less likely to judge that stock as harshly as that Nickel pump and dump from yesterday. + +To counter this, try and reset your thinking on a stock every now and then. Big announcements are a good opportunity to do so. Try and ignore any intial good will (or bad will) you have and see if it has been performing in the same way it did in the past. + +---- + +Summary: + +If this was too long I think the anchoring effect is the best one to read for the average punter. + +Heuristics are shortcuts our brain makes to answer complex questions more quickly and easily. There are patterns to many of these shortcuts which are known to create error. In order do avoid this you have to flip your brain out of instinct mode and into thinking mode. Once you've done that maybe you'll finally be the one selling at ATH rather then holding the bags. +Old Lady Ape here, + +I'm a little under the weather today but I can't help but be excited that the information about the powerful option of Direct Registering is getting such a warm and exuberant reception! + +The greatness of this community, I believe, is in its exuberance! But it can also be a weakness if we can't back our exuberance up by facts! + +&#x200B; + +[Hmmm](https://preview.redd.it/qp0ur59uzxn71.png?width=400&format=png&auto=webp&s=ad8450b1c0efc971f749dd12432d2a0cdd5d14d7) + +So let me address 4 of the biggest misunderstandings that I am seeing right now in the community + +# 1. Isn't Computershare just another broker? Do they just keep a ledger of shareholders and not take the shares out of the DtCC? + +No, next question..... 😁 + +Just kidding.... You want sources, you deserve sources! Asking for sources is not shilling, it is a desire to make **informed individual investment decisions**! + +**Edit: Computershare is not a broker. It is a transfer agent** (I wasn't clear enough, sorry) + +(I'm copying some of my replies to apes, hope you don't mind... those crayons were rough today!) + +It is very clear in the documentation that the transfer agents Debit/Credit the DTC's FAST accounting system in order to Direct Register shares. Pair that with the Transfer agent's requirement to keep the Master shareholder list updated and accurate and that it must match the Control list which is the list of issued shares by the company (GME). + +[You apes got this, right!? \(p.90\)](https://preview.redd.it/xt3f3ltmmxn71.jpg?width=711&format=pjpg&auto=webp&s=421be2bd4ad418187a1ad24a136d87bdb987409a) + +So, not **like** a normal broker, **because it is a transfer agent** and... (bold edits for clarity) + +>The FAST Program substantially reduced the movement of paper certificates bypermitting transfer agents to become custodians for balance certificates registered in the name ofCede & Co. The balance certificate represents on the transfer agent’s books the sum total ofshares for that issue held by all of DTC’s participants. Participants maintain correspondingbooks representing their securityholder accounts held in street name. Then, **when securities aredeposited into or withdrawn from DTC, FAST transfer agents adjust the denomination of thebalance certificates and electronically confirm the changes with DTC on a daily basis**, with thecorresponding participant accounts adjusted accordingly by DTC + +p.38 + +[https://www.sec.gov/rules/concept/2015/34-76743.pdf](https://www.sec.gov/rules/concept/2015/34-76743.pdf) + +&#x200B; + +[Ok, maybe 1 meme](https://preview.redd.it/8mc32qwwnxn71.png?width=272&format=png&auto=webp&s=e827a5eedd493c0223728300d36a665d85aa88cd) + +# 2. What about Plan type shares and Book type shares!? + +One of the things that makes this so confusing is that there is a thing called "book entry" and a thing called "book" type but it is abbreviated "book" on the statement. The other thing that makes this confusing is that Computershare customer support is a little out of their league with all you wrinkly brain apes! You ask them intelligent thought provoking questions because you have been doing a 9 month intensive learning course in wall street corruption. You expect a detailed and factual answer. + +Customer support is like... "do you want to buy a share or sell a share?... what?" + +So let me again show you some documentation that explains why **this MOST LIKELY doesn't matter**. (I'll explain the MOST LIKELY in a minute) + +The book shares are removed from the DTCC through a DRS transaction or a D/T withdrawal. Whereas a purchase is called a Direct Order (DO). + +In this white paper from Computershare under the section that describes the transfer agent's access to the FAST system: + +>Transfer agents or participants can then use **delivery order (DO)** +> +>and **withdrawal-by-transfer (WT)** requests to debit/credit these +> +>accounts: **the balance on the transfer agents’ books is increased** +> +>**and decreased** on a daily basis, and participant accounts are +> +>adjusted accordingly by DTC. Transfer agents and issuers must +> +>meet specific DTC criteria in order to utilize FAST. + +[https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf) + +pg. 9 + +So both types of transactions result in a debit from the DTCC account and a Credit to the transfer agent's books which they then record in "book entry" even though they are listed as book type and plan type. + +# 3. Most Likely.... What?!!! The big question mark here is fractional shares. + +Yes, the only confusion is with fractional shares. Fractional shares have lots of rules that don't apply to them, so it's unclear how those fractional shares exist. Some companies don't care if the shares are fractional or not but Computershare support says that they do (grain of salt, please) + +I hope to get some clarity from Computershare about this soon from an email I have out to them. + +But in the meantime. It seems pretty unnecessary to switch your share types back and forth as they are both in Computershare and not the DTCC. Again because transfer agents conduct their transactions on the FAST system. + +# 4. Selling + +There are limit and GTC orders available for up to 1(or 2) million dollars per share (I was told fractionals were allowed but I can't confirm) + +Will this raise as the price rises? 🤷‍♀️ + +You can also transfer back out to a broker to sell, It will require the T+2 settlement period. + +Selling shares that remain in a broker will always be better because the share is registered to your broker and you can make a more exact sell. (unless your broker had a fight with a Black Swan) + +I am not a fan of selling through Computershare. If I have to, I will but I prefer it for ♾🏊‍♀️. But that is my own informed individual investment decision and NOT FINANCIAL ADVICE. + +**Edit:** source, sorry, Direct Stock Terms and agreements although some specifics were sourced from Computershare customer service. + +[https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +# 5. What else do you have questions about? + +I have more descriptive posts for: + +[Pros and cons of direct Registering](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[Fraudket of shame](https://www.reddit.com/r/Superstonk/comments/pgm3qh/computershare_infinity_pool_vs_the_fraudket_of/?utm_source=share&utm_medium=web2x&context=3) + +[Cash Account Shenanigans](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) + +and, it's pretty much all I post about until my career as a memer takes off, so look in my profile for more. + +Ape no fight Ape! Please be gentle♾🚀💎👐 + +Even more info: + +Original [Infinity pool DD](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/?utm_source=share&utm_medium=web2x&context=3): [u/BluPrince](https://www.reddit.com/u/BluPrince/) + +Also lots of posts on the infinity pool sub and the jungle sub! + +[Am I you?](https://preview.redd.it/iff263i2zxn71.png?width=209&format=png&auto=webp&s=ee78278d30d8d78b7db1cd7cb6ec5f07e484356c) + +**FUD Patrol/ Disclaimers:** + +>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through.This is a very safe method for **forever♾holding shares**. **Not the best for selling**, although you can sell through them or transfer back to a broker to sell. If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀) +Old Lady Ape here, + +I'm a little under the weather today but I can't help but be excited that the information about the powerful option of Direct Registering is getting such a warm and exuberant reception! + +The greatness of this community, I believe, is in its exuberance! But it can also be a weakness if we can't back our exuberance up by facts! + +&#x200B; + +[Hmmm](https://preview.redd.it/qp0ur59uzxn71.png?width=400&format=png&auto=webp&s=ad8450b1c0efc971f749dd12432d2a0cdd5d14d7) + +So let me address 4 of the biggest misunderstandings that I am seeing right now in the community + +# 1. Isn't Computershare just another broker? Do they just keep a ledger of shareholders and not take the shares out of the DtCC? + +No, next question..... 😁 + +Just kidding.... You want sources, you deserve sources! Asking for sources is not shilling, it is a desire to make **informed individual investment decisions**! + +**Edit: Computershare is not a broker. It is a transfer agent** (I wasn't clear enough, sorry) + +(I'm copying some of my replies to apes, hope you don't mind... those crayons were rough today!) + +It is very clear in the documentation that the transfer agents Debit/Credit the DTC's FAST accounting system in order to Direct Register shares. Pair that with the Transfer agent's requirement to keep the Master shareholder list updated and accurate and that it must match the Control list which is the list of issued shares by the company (GME). + +[You apes got this, right!? \(p.90\)](https://preview.redd.it/xt3f3ltmmxn71.jpg?width=711&format=pjpg&auto=webp&s=421be2bd4ad418187a1ad24a136d87bdb987409a) + +So, not **like** a normal broker, **because it is a transfer agent** and... (bold edits for clarity) + +>The FAST Program substantially reduced the movement of paper certificates bypermitting transfer agents to become custodians for balance certificates registered in the name ofCede & Co. The balance certificate represents on the transfer agent’s books the sum total ofshares for that issue held by all of DTC’s participants. Participants maintain correspondingbooks representing their securityholder accounts held in street name. Then, **when securities aredeposited into or withdrawn from DTC, FAST transfer agents adjust the denomination of thebalance certificates and electronically confirm the changes with DTC on a daily basis**, with thecorresponding participant accounts adjusted accordingly by DTC + +p.38 + +[https://www.sec.gov/rules/concept/2015/34-76743.pdf](https://www.sec.gov/rules/concept/2015/34-76743.pdf) + +&#x200B; + +[Ok, maybe 1 meme](https://preview.redd.it/8mc32qwwnxn71.png?width=272&format=png&auto=webp&s=e827a5eedd493c0223728300d36a665d85aa88cd) + +# 2. What about Plan type shares and Book type shares!? + +One of the things that makes this so confusing is that there is a thing called "book entry" and a thing called "book" type but it is abbreviated "book" on the statement. The other thing that makes this confusing is that Computershare customer support is a little out of their league with all you wrinkly brain apes! You ask them intelligent thought provoking questions because you have been doing a 9 month intensive learning course in wall street corruption. You expect a detailed and factual answer. + +Customer support is like... "do you want to buy a share or sell a share?... what?" + +So let me again show you some documentation that explains why **this MOST LIKELY doesn't matter**. (I'll explain the MOST LIKELY in a minute) + +The book shares are removed from the DTCC through a DRS transaction or a D/T withdrawal. Whereas a purchase is called a Direct Order (DO). + +In this white paper from Computershare under the section that describes the transfer agent's access to the FAST system: + +>Transfer agents or participants can then use **delivery order (DO)** +> +>and **withdrawal-by-transfer (WT)** requests to debit/credit these +> +>accounts: **the balance on the transfer agents’ books is increased** +> +>**and decreased** on a daily basis, and participant accounts are +> +>adjusted accordingly by DTC. Transfer agents and issuers must +> +>meet specific DTC criteria in order to utilize FAST. + +[https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf) + +pg. 9 + +So both types of transactions result in a debit from the DTCC account and a Credit to the transfer agent's books which they then record in "book entry" even though they are listed as book type and plan type. + +# 3. Most Likely.... What?!!! The big question mark here is fractional shares. + +Yes, the only confusion is with fractional shares. Fractional shares have lots of rules that don't apply to them, so it's unclear how those fractional shares exist. Some companies don't care if the shares are fractional or not but Computershare support says that they do (grain of salt, please) + +I hope to get some clarity from Computershare about this soon from an email I have out to them. + +But in the meantime. It seems pretty unnecessary to switch your share types back and forth as they are both in Computershare and not the DTCC. Again because transfer agents conduct their transactions on the FAST system. + +# 4. Selling + +There are limit and GTC orders available for up to 1(or 2) million dollars per share (I was told fractionals were allowed but I can't confirm) + +Will this raise as the price rises? 🤷‍♀️ + +You can also transfer back out to a broker to sell, It will require the T+2 settlement period. + +Selling shares that remain in a broker will always be better because the share is registered to your broker and you can make a more exact sell. (unless your broker had a fight with a Black Swan) + +I am not a fan of selling through Computershare. If I have to, I will but I prefer it for ♾🏊‍♀️. But that is my own informed individual investment decision and NOT FINANCIAL ADVICE. + +**Edit:** source, sorry, Direct Stock Terms and agreements although some specifics were sourced from Computershare customer service. + +[https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +# 5. What else do you have questions about? + +I have more descriptive posts for: + +[Pros and cons of direct Registering](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[Fraudket of shame](https://www.reddit.com/r/Superstonk/comments/pgm3qh/computershare_infinity_pool_vs_the_fraudket_of/?utm_source=share&utm_medium=web2x&context=3) + +[Cash Account Shenanigans](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) + +and, it's pretty much all I post about until my career as a memer takes off, so look in my profile for more. + +Ape no fight Ape! Please be gentle♾🚀💎👐 + +Even more info: + +Original [Infinity pool DD](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/?utm_source=share&utm_medium=web2x&context=3): [u/BluPrince](https://www.reddit.com/u/BluPrince/) + +Also lots of posts on the infinity pool sub and the jungle sub! + +[Am I you?](https://preview.redd.it/iff263i2zxn71.png?width=209&format=png&auto=webp&s=ee78278d30d8d78b7db1cd7cb6ec5f07e484356c) + +**FUD Patrol/ Disclaimers:** + +>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through.This is a very safe method for **forever♾holding shares**. **Not the best for selling**, although you can sell through them or transfer back to a broker to sell. If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀) +Markets dropping, a recession ahead of us (seemingly) and who knows how conflicts around the planet will continue. Putin might loose his mind further, China going into Taiwan, … + +Are your calm or do you worry due to financial losses, potential job losses or worse? + +I keep wondering about anyone else as I am pretty calm which seems weird. + +Thank you +**tl;dr** No stable job, very small income, and big student loan payments. I am losing $560 a month and my bank account will soon be empty. What would you do? + +After 6 years in low-paying jobs I decided to go to college. I thought education was an investment for a better financial future and age didn’t matter when it comes to improving myself. I took out student loans and graduated with a BA in business in May. + +Now I am 29 with $90K in student loans, and (surprise!) no full-time job or a career. I keep applying for marketing/admin/generalist jobs and do temp gigs here and there, but have no prospect for a stable job anytime soon. + +After several months I realize this may be my reality for a while longer. With my bank account shrinking rapidly, I want to regroup my finances and set myself up to survive for a 2-3 years with unstable income and loan payments. What I don’t know is how. + +This is what I have: + +* Student loans: Federal at 4.5% ($72K, monthly payment $746), privately held at 7.5% rate ($18K, monthly payment $214) +* Cash: Down to $6K in checking account +* IRA from my pre-college life: $23K http://hellomoney.co/portfolio/95d42b-iraprevious-401k +* No other debt. I haven’t used credit card for several months. +* Monthly expenses: I can keep it under $800 for some time. Just moved back with my parents. +* Monthly income: Last month I made about $900 waiting tables, $300 tutoring ESL students. + +Assuming I lose $560 every month, should I consider withdrawing my IRA soon? + +I am scared, but I want to have a plan. What would you do if you were in my shoes, but with all the knowledge and experience you have? + +https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202211 + +30Y: 3.83% + +1M: 3.97% + +While the 2Y / 10Y has been inverted for quite some time, the 1M/10Y and 1M/30Y prices inverted within the past week or so. I've been keeping an eye on it, trying to grok the meaning of this "deeper" inversion. + +I'm not sure if I have much to contribute, aside from the standard "reliable predictor of recession", and all the other information that yall probably already know. Still, its probably worth bringing up the subject of yield curve inversions and the timing of recessions. + +I know a recession is "predicted" by these inversions, but I don't know if the "depth" of the inversion matters, or 1M vs 30Y has much difference than 2Y and 10Y. +> Target tells suppliers it "will not accept any new cost increases related to tariffs on goods imported from China." + +> In a memo, the retailer also says it expects suppliers to "develop the appropriate contingency plans so that we don't have to pass price increases along to our guests." + +https://www.cnbc.com/2019/09/05/target-demands-that-suppliers-absorb-tariff-costs-to-shield-consumers.html +So I called Etrade to ask about my proxy voting number. This is new to me as I have never voted my shares before. I assumed I would get some email from Etrade regarding this and when I didn't I was scared to stumble upon a fishing scam from all the warnings here. So I called their 1800 number and when I spoke with them they generated my number for me and it only took less than a minute to go vote. That being said, the guy on the phone told me that's all he's done this morning is take calls about gamestop proxy voting of shares. He said he has never seen so much attention to this before like he has with Gamestop. When I asked him about how many shares most of the people he had talked to had, he said he couldn't say, except I had a relatively small position. Considering I am a XXX share holder. I feel as though not enough of the single share holders are voting. Please rest assured your single share or even fractional shares are just as important. Please please do not ignore the voting. Its not a catalyst but it will most definitely play a part and shed light back on the naked shorting. You need to vote people. 💎👐👨‍🚀🚀🚀🚀🚀🚀 +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +https://www.cnbc.com/2019/10/16/us-retail-sales-september-2019.html + +>The Commerce Department said on Wednesday retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies, and online purchases. That was the first and biggest drop since February. +[COMPARISON TABLE](https://ibb.co/CstxR67) + +I require this community's help to fill the above table that may help me and several others decide the policy to be bought. + +Profile - 24M and employed + +1. I have been contemplating getting a term life policy since last year. +2. I have not been able to get the correct plan for me. +3. I have compared premiums and critical illness payouts for five common major insurance providers. + +* Aegon Life +* SBI +* HDFC +* ICICI +* LIC + +My father's friend and insurance agent has been pursuing me to go for a policy through him. He has been preparing the argument using the below points - + +1. LIC being a Sarkari company is the best. +2. Private players and new companies like Aegon won't pay you and will reject the claim. Gave me examples of MAX BUPA, etc. +3. Better to pay high and get a policy through an agent since the claimants generally aren't able to claim through portals and there will always be a call center on the other side that won't bother to help you. +https://economictimes.indiatimes.com/markets/stocks/news/reliances-mukesh-ambani-earned-rs-300-crore-per-day-during-last-one-year/articleshow/65951656.cms +Mind you Walmart is at 400b market cap. So what this means is that Tesla would need to make as much profit as 3 Walmart corporations In the future in order to even justify it's CURRENT market cap. It's actually absurd. It almost seems like people who are investing into Tesla don't really understand what it's current market cap even means... + +I've heard from a Tesla investor that Tesla would become an industry leader like hibachi Ltd.... And once that happens Tesla is going to moon..... And its like dude .. hibachi Ltd market cap is at 50b . Forget about mooning once Tesla becomes an industry leader like hibachi Ltd. Tesla would need to be an industry leader like 20 hibachi Ltd just to even justify it's current valuation lol.... + +If Tesla becomes the world's most profitable corp like apple. Get this .... You'll justifiably only 2x your money if you invest In it now 🤣🤣🤣🤣🤣🤣😂 . Bruh such a tall order to fill just to 2x . + +Look I get it. Tesla is innovative yadadada yes . The company is still in it's early stages and it'll be better later on. Yes that too. The company is at it's early stages. However, the stock valuation of this company is not. The stock valuation of this company is already at a level where it can swing it's dick around and smack China with it. + +The question is. What would Tesla even need to do.... For profit at a level where it's absurd valuation is justify? + +Another note Toyota is currently the most profitable car company and it's valuation is 300b..... (I'm not saying Tesla is just a car company) Tesla's is already at 1.2t . 4x the most profitable car company already... Without making any profit... Tall order to fill . Let's just say that. + + + + +Edit : this is just speculation but hear me out on this Tesla's car margin went up 30% recent quarter ... Now I did some googling turns out Tesla's build quality and assembly is ranked the lowest . So what does this mean? Well it's obvious. This is a very common stock hype strategy. They sacrifice build quality by getting cheap parts and assembly. on paper itll look great for short term profit it's no wonder margin is at 30% then they report it. Boom everyone eats it up HYYYYPPPE. Stock shoots up!! Bruh at this rate Tesla solely survives on hype and elon fucking knows it 😂😂😂😂😂😂 . It's a very obvious stock hype strategy tbh. Do you seriously think this company that is entirely pressured to perform on paper wouldn't go this length? Honestly this is the only thing Elon can do in order to maintain this level of stock price . It's actually a no brainer. Because as soon as that sheet of paper looks bad. Y'all know what's gonna happen. And he knows what's gonna happen. So long as he report good news albeit paper news . All's is well. + +It's a very common tactic for public company in order to showcase short term paper gains. In order to shoot the stock upwards. Some even layoff workers, it's just speculation. But my money is on this. + + + +Edit 2: reading many of the comments , it seems like alot of people are confused that there's actually a difference between company and stock. Saying that Tesla is a growth stock (disregarding it's current market cap), just because the company is still growing is essentially the gist of many responses. While Not realizing it's already priced in on a veeeerry optimistic note at that. + +Also do people ever stop to think how the hell is this dude gonna monopolize all these different areas of innovation? Amazon focused on 1 thing only , it took them 2decades to reach 1.7t. and monopolize that one thing . honestly , the ideas are decent ,but what about execution? People invest like all his ideas are already at monopoly level. + +Battery grid, EV cars, AI, spaceX , renewable energy, solar, boring company tunnels, internet grid, something about monkeys , And many more projects. I've heard the argument that Tesla is "not a car company" to justify it's current valuation. Like somehow this dude is going to monopolize all these different fields. Ironically If anything EV cars is where he'll most likely have a Monopoly. + + + Saying Tesla is a growth stock just because the company is still growing while it's already at 1.2t marker cap, is the same as saying GME is a growth stock during MOASS when it's market cap is quadrillions . Just bc " the company is still growing it hasn't implemented NFTs yet" . + +Edit 3: Also y'all remember when Tesla double in market cap, AKA double it's company's worth (for those who don't understand market cap) ,just because musk boy said "5/1 split" 😂😂😂 yo this stock is surreal. Any other company with these kinds of specs , it'll be a no brainer to short. Puts all the way! Not Tesla. Hell fucking no. You think I'm gonna bet against a stock where the company double in valuation just because "oOoOO it's "cheap" now!" --- (P.S you actually paid more for a smaller piece.) + + you outa yo goddamn mind if you think I'm gonna go against this kind of retard strength! This is the kind of company that will go up 100b if they announce theyre creating their own gaming console . 0 - 100. From announcement to best case completion price all in a day. +I've never used trading bots before but would love to try and see how it works. Any recommendations on where and what bots to use? It would be greatly appreciated. +How do you handle this response if your child or relative or someone close to you responds as such? I get this a lot (online & offline and including from millennials) when I teach savings habit formation - and I find that I have no real answer - set a budget, use coupons, blah blah. + +I am looking for best practices and advice that you have found effective. If you were/are one of those living paycheck-to-paycheck, what worked for you? Please share... +I know this topic has been used and abused recently, but I just found out they will try to screw you if you aren't onto it. + +- If your company takes money out of your pay to go towards your student loans, this isn't actually paid towards your debts until after you lodge your tax return (after July 1st). +- Indexation occurs on the 1st of June and this year will be 3.9%! +If you think your company is paying off your student loan each pay cheque, they most likely aren't, and double check your loan amount on the ATO website. + +I had the exact amount of money put aside by my company as I have remaining on my loan, only to find out I'll get slapped with a $500 indexation fee because the money doesn't go through before it indexes. + +The only way around it is to make a voluntary payment now, and come tax return, get all that money back again.. + +It definitely would have gotten me if I didn't ask the question, and I hope you guys can avoid the same trap as well. + +Edit: This is only if you are paying your loan off entirely. I'm not sure if the same works for partial payment. +I've seen quite a bit of post here promoting that if you are not happy with your role or is stand still in your current job, to change or learn something new to upskill. + +I'm my personal experience, it's easier said than done. I have applied over 100 roles since Sept till now and have not once received any invite for interview. + +Have applied for roles in Operations and change management, data Analytics, Team leader roles for credits / customer success in banks and other financial institutions but not once have had any success. +All my resumes / cover letter get updated to align with the position, just getting really frustrated. + +I have proficiency skill in Excel such as VlookUp/Index Match, Pivots/Macros etc and have understanding of SQL (currently learning advance SQL/language R) but I can't seem to land anything.. + +Just so exhausting +First time home buyer here, and recently backed out from buying a house because of the inspector’s report. The inspector I used was the guy with the best reviews on a google search, all the people on a list my realtor gave me were all booked solid for well over a week. + +So the inspector does his inspection and there was a multitude of expensive fixes that needed to be done, and more than I wanted to take on as a first time home buyer. Honestly I really liked how thorough and no nonsense the inspector was, thought that was what inspectors were supposed to do. + +So I am back at the house hunt, and I ask the realtor (a fill in because my relator is out of town until Saturday) if I could see a house that just came on the market (shopping in the range of 120-150k and houses are moving fast). So I get to the house before my relator and noticed that paint was chipping really bad under the roof, the detached garage had rotten boards, and see that the house probably wouldn’t work either. + +The stand in realtor shows up and agrees with me that the home probably wouldn’t meet the requirements for a Hope/FHA loan, even though the sheet says FHA loans were okay. We do not even go inside the house. + +However I asked her a few questions about what to look for in pictures, or finding these obvious things out first so I do not waste anybody’s time. Well one thing led to another and we got onto the subject of the inspector I used on the house I liked, and she said from what my realtor told her the person I used was just too nitpicky and likened him to another inspector realtors call the “deal breaker”. + +Honestly I do not know quite what to think about the conversation. I mean I should want an inspector who does a good job, but the way this relator made it sound that I would never get a Hope/FHA loan approved with an inspector like that. + +Shouldn’t I want an inspector who will be thorough at his job? I mean the appraiser will just come out later and could note those same problems, and then I am out more money than just the inspection. + +So what is sub’s experiences with home inspections? +"sufjanatic, + +We often receive requests for pre-owned vehicle models similar to yours. According to our records, it appears you have approximately 51 payments remaining on your 2019 Toyota Corolla and are paying approximately $280. + +Being able to acquire vehicles that we have either sold, serviced or both that we can add to our Pre-Owned inventory is the best possible scenario. In a search of our customer records I identified your car as a perfect match for us. As compensation to you, if we could upgrade you to a newer Toyota Corolla keeping your payments about the same, would you consider letting us purchase your car? + +Best regards, + +Dealership" + +What does this mean and what would be my best course of action? + +**Edit**: I realize I should've thought a little more before posting this. Thanks for all the responses. I understand now why this would be a terrible deal. +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. +Since some people are panicking about the 10 & 3 Treasury yield rates inverting, I thought it might be helpful to review history so people can get a sense of the time scale involved in these sorts of things. + +You can follow along here: + +https://fred.stlouisfed.org/series/T10Y3M + +https://www.tradingview.com/symbols/SPX/ + +*Please note, I'm eyeballing this from the charts above. All values and dates are rough estimates.* + +**1989:** +>The yields invert in late March 1989. They bounce around for the next 9 months until the end of 1989. + +>The S&P hit 290 in late March 1989. By October 1989, it hit 360. S&P then dipped to 320, then hit 370 by July 1990. The recession officially begins that same month. The S&P then dips to 300 and regains its value to 370 by February 1991 (roughly six months). Recession ends a month later, March 1991. + +**1998:** +>The yields invert in September. They bounce a few times over the next month. + +>S&P is volatile, but there is no net loss/gain. No recession. + +**2000:** +>The yields invert in April 2000. They bounce for the next 10 months until February 2001. + +>The S&P was at 1350 when the yields inverted. S&P hits 1520 in late August 2000 (a high it reached in March 2000, before the inversion). S&P would then begin a slow and volatile decent (four months after the initial inversion), dipping to a low of 800 by late September 2002. The recession officially began March 2001 and ended November 2001. + +**2006:** +>The yields invert in January 2006. They would bounce for 19 months, until mid August 2007. + +>The S&P was 1280 in January 2006 (when they first inverted). By October 2007, the S&P hit 1560 (a couple of months *after* the inversion ended). S&P then began a mostly slow decent down. The recession officially began a couple months later in December 2007. The S&P dipped to a low of 670 around March 2009. Recession ends June 2009. + +The point? + +If you're panicking right now, consider slowing your roll. If history is our guide, you're freaking out waaaaaay too early and will most likely miss out. +Most TV strategies seem to have bad results across multiple timeframes. It might not be a question that could be answered with one comment, but is it possible to code the script to dynamically change settings to achieve max profitability? +Hi All, + +Recently I've been using the Ameritrade API to automate my stock trading. + +My strategy requires easing into positons to establish a low cost average. I'm averaging way over 390+ orders per day and received the note below from Ameritrade. I've done my research and it seems that the "390 orders" is associated with the "Professional Customer" rule. + +I was under the impression that the 390 orders only counted if the orders were for options. + +"*The term “Professional” applies to transactions for the accounts of Professionals, as defined in Exchange Rule 1000(b)(14) means any person or entity that (i) is not a broker or dealer in securities, and (ii) places more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s)."* + +&#x200B; + +All of my API trades have been to buy and sell stocks. There might have been one instance where I sold one Call (Covered Call) to lock in some profits. + +Has anyone experienced something similar? I've read that some people were being charged a new commission rate of $2.00 but I couldn't get an answer if that was for option trades moving forward or stock trades moving forward after being flagged as a Professional Customer. + +&#x200B; + +&#x200B; + +https://preview.redd.it/81fbfbmwdr161.png?width=1158&format=png&auto=webp&s=f5deba72d51a7480c54a6422b79aab92e2f79963 +I dabble in expert-for-hire consulting as a way of staying connected to industry and getting some work-like personal validation from time to time. Worth a look for some of you fatties with deep technical or corporate expertise. Check out Prosapient and GLG as a starting point, but there are a whole bunch of these firms out there. I'm enjoying it a lot, and it's pretty much all beer/toy money (on 1099-K). + +It's pretty lucrative on an hourly basis -- I haven't seen a dropoff in work (typically a few 1hr calls a month) after bumping rate to $500/hr, and just did an in-person two hour session for $1500 with about 20 min of prep work in a domain I know pretty well, just opining on the state of the industry in response to a bunch of questions. + +If you know your shit and like to talk, it's a nice opportunity to run your mouth on stuff you know about for a small interested audience -- I tend to take calls more-or-less cold, other than answering the questions in the screener survey. + +For those of you ex-corporate execs already doing this type of thing, I'm curious how high you've pushed your rates before seeing pushback in terms of dropoff? +I keep flip flopping about whether I want to save for a house deposit / go into massive debt to buy, and would just like to hear from other people in a / were in a similar situation and what they're doing / did. + +My short story: + + +- permanently single (this absolutely will not change) + + +- fucked up financially in my 20s and wasted all my dosh on petty crap + + +- went back to school in 30s to change careers + + +- worked casual / part time for quite some time (loved it, but not financially viable long term) + + +- now back to full time and in a reasonably good financial position and am saving (just under 50% of my pay per week at the moment, managed to mostly stick to my casual life budget) + + +- wondering if I should keep share housing for another year or two (decision sort of being forced upon me as both current housemates are moving on) and save a house deposit, or move out on my own and take longer to save for a deposit (higher cost of living = less into savings) or just never buy and do whatever + +So yeah, what did you do and would you change what you did? +[Really interesting response in this thread.](https://www.reddit.com/r/AskReddit/comments/3vxb2e/whats_your_main_goal_in_life/cxruowh) I was actually expecting a lot more negativity! Hopefully we see more regular readers :) +In my career as a loss adjuster, I have assessed apartments in Brisbane, Canberra, Sydney, and Melbourne. The issue is present regardless of the age of the apartment. + + +You can't see the water ingress, but it's building up pretty badly. It seeps through the foundation slab, and that slab releases the humidity into the ground-level dwelling. + +Just trust me on this one. It's a shit-buy. +Been in software engineering for almost 6 years now and as good as the pay is, I'm a bit burned out by the amount of new stuff I have to learn to stay relevant in my field. Anyone transition out to another career and have advice or suggestions? I'm not looking to do a 180 and open a coffee shop (as some of my colleagues have done during the great resignation) - more like a 90 degree pivot. +I just turned 18 and I wat to start investing in dividends to start to form my snowball. What stocks do you recommend? Preferably an established stock suck as an aristocrate or a king that i can hold on to for life. Thank you for your time +Straight from the ~~OCC's~~ ~~horse's~~ ~~whore's~~ complicit 'self-regulating' market entity's mouth: "contains supplemental material to accommodate the introduction of a third type of implied volatility option with an exercise settlement value that is calculated differently from other existing implied volatility options." [https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document](https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document) + +&#x200B; + +[hmmm, you don't say...](https://preview.redd.it/0m222yojgf181.png?width=1060&format=png&auto=webp&s=e93720757b2cbdd674efdab07aacb6bf4475c782) + +Scrolled through New for awhile and searched various keywords/phrases and haven't seen this mentioned yet. Seemed relevant for everyone's favorite stonk (that also happens to be especially volatile recently, after a bit of, shall we say, *sideways trading,* looking at you [u/johnwithcheese](https://www.reddit.com/user/johnwithcheese/)). Seemed especially relevant considering the recent DD on variance swaps by u/leenixus and frends, related/supporting work by u/mauerastronaut and everyone's favorite pomeraniape u/criand. Seems like it also might help explain curveballs thrown at u/gherkinit's current well-formed and data-tested hypothesis, and those of others' as well. + +The last time that this type of product was introduced was October 2018 (and April 2015 before that): + +&#x200B; + +https://preview.redd.it/lrhiqedgkf181.png?width=425&format=png&auto=webp&s=ef348b98b5aa5f0b6b0b2c69787ec1284c142d27 + +Also felt worth mentioning that it gets mentioned at the literal last sentence of the 97 page document (and syntactically separate from the previous list of (vii) inlcusions): + +&#x200B; + +https://preview.redd.it/1q7pn93nlf181.png?width=403&format=png&auto=webp&s=1ae3f9fa73c3e54046e9b85a9801bf92689eb486 + +One of the points that jumped out at me the most is that the relevant variance swap products were valued at end of day, which determines exercise settlement value and directly affects when the swap owners have to hedge/cover/roll/etc. How much you wanna bet this new implied volatility option isn't valued at EOD...? Drum rolllllllll please: + +&#x200B; + +[Well you don't say, values derived from a range of component put and call options, or values of same put\/call options calculated during one or more periods of time at or near the OPENING of trading. Seems totally legit, transparent, and non-shady.](https://preview.redd.it/laoqy13tmf181.png?width=980&format=png&auto=webp&s=83348478d69549af45dd26b37b9a71b9ff0c69dc) + +So yeah there's that. Oh, and if the underlying stock doesn't trade at open for whatever reason, *a substitute value* (pg 33), can be used in place of the opening values or range of values or whatever other horse shit they come up with that makes the numbers line up closer to where they need them. I mean, come on... + +&#x200B; + +[as long as you yell SURPRISE first. i don't know about you, but i didn't hear anyone yell this time ;-;](https://preview.redd.it/6ary6zu3uf181.jpg?width=1080&format=pjpg&auto=webp&s=d70254b737412d0d2d9a7ef9f1db76ddaff64053) + +There are a bunch more notable amendments, including these from two paragraphs on page 47 of the document, regarding settlement and exercise of options held by individuals outside the US: + +&#x200B; + +https://preview.redd.it/q9dp8mpyof181.png?width=830&format=png&auto=webp&s=1d8bdbfdc0266c75451e219bad6c49a5c42510a8 + +These amendments appear to remove the ICC from the equation in these types of settlements, as well as allow the OCC to "discharge" their "obligation to deliver or pay... in satisfaction of option exercises" to correspondent banks, forcing "brokerage firms and their customers" to rely on said correspondent banks "to deliver or pay". Let's pass that buck around some more, shall we...? + +There are other amendments that also appear to be notable, juicy, and possibly relevant, tidbits in addition to these (especially those that relate to new IV option type, settlement and exercise, and "Special Features of Flexibly Structured Options"), but I'm somewhere half- and full-baked and am gonna wrap-up for now and go chill for a bit. + +*\*passes doobie to the left and just barely remembers to do a TL:DR for the fellow smoothies\** + +# TL;DR: The new (October 2021) Options Disclosure Document from the OCC introduced a new type of implied volatility option, and its valuation is handled differently than existing IV options (value at open/range of values at open instead of value at EOD). The last time this happened was in October 2018. Other amendments include various changes to settlement and exercise procedure. + +# SPECULATION: Feels particularly relevant to current context, market action, and recent DD; might help explain recent volatility and be helpful in adjusting current hypotheses. + +EDIT: It was kindly brought to my attention that calling the OCC a 'whore' is actually an insult to sex workers worldwide, and that the use of the word 'whore' in that context could be considered insulting/dehumanizing to some, which was never my intent. Hopefully this quick edit illustrates that, and my sincere apologies to anyone that was offended by the original. Hope everybody has a nice day, gobble gobble xD + +[the dude abides](https://preview.redd.it/we901s31wf181.jpg?width=625&format=pjpg&auto=webp&s=b599139d9266348bab47bafbe9f710978edc9d08) +&#x200B; + +[https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) <READ THIS!! + +https://preview.redd.it/wmxl5vrg52v71.png?width=600&format=png&auto=webp&s=0c9f6aace2c15b8d34bd6c4d0224a800ec653859 + +https://preview.redd.it/evzea8th52v71.png?width=579&format=png&auto=webp&s=1b83931c05c3f04b8d2af1b7e6bfdfdf1bbbbf7f + +The second scenario is when all the participants race to be the first out when buying back FTDs. I dont imagine this has ever happened before or won't this time because...there are way too many FTDs. + +**If Gamestop has been getting shorted since 2012-2013, there are a shit ton of FTDs out there. You're guess is as good as mine. The volume since 2013 overall in GME is roughly 10.5 Billion shares traded and that is about 110 million shares per month. Thats a shit ton for an 8 year monthly average.** + +**ALL RETAIL SHAREHOLDERS OF ALL STOCKS have been preyed on** + +These FTDs exist Market Wide Who Knows how old... "archaic" is mentioned more than once + +This thing with the FTDs is quite important. A lot of people have spoken about it that WE deeply researched investors, know of, but the not the average individual. There are a lot of us who really are starting to understand that, as [u/Atobitt](https://www.reddit.com/u/Atobitt/) said "this is a 50 year ripple effect" due to the nature of taking everything you can...eventually, no matter how you write the equation, the money runs out to steal. + +&#x200B; + +https://preview.redd.it/kf0vcyzl52v71.png?width=616&format=png&auto=webp&s=453eecedba299aa23e3b1881c699490e55d3ad68 + +# The market is established for fraud to flourish using FTDs + +There seems to be a history of regulatory agencies and bodies avoiding the issue of the fraud being committed in the stock market. There are many complaints and the SEC seems to do nothing. If they put a new rule in place...it has a new loophole. And that's the endless game you play at the SEC. They protect the financial institutions that are apart the pay to play schemes. There are a lot players in this club, and we're not invited. + +\------------------------------------------------------------------------------------------------------------------------------------- + +# If you haven't caught up on it see how naked selling is a very old technique of theft. + +# Mississippi Bubble, South Sea Bubble, Tulip Bubble, and then see what happen in newspapers right before the 1929 crash October 24th. + +[https://mshistorynow.mdah.ms.gov/issue/john-law-and-the-mississippi-bubble-1718-1720](https://mshistorynow.mdah.ms.gov/issue/john-law-and-the-mississippi-bubble-1718-1720) + +[https://www.britannica.com/event/South-Sea-Bubble](https://www.britannica.com/event/South-Sea-Bubble) + +[https://www.investopedia.com/terms/d/dutch\_tulip\_bulb\_market\_bubble.asp](https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp) + +Newspapers from 1929 are very interesting reads:[https://www.rarenewspapers.com/view/557056](https://www.rarenewspapers.com/view/557056) + +\------------------------------------------------------------------------------------------------------------------------------------- + +# Jim Decosta Outlines How this Done, but before I get into that.. here's how you can help me dig through this SEC archive and on their site and I search like this: + +&#x200B; + +https://preview.redd.it/tkjjxwyp52v71.png?width=852&format=png&auto=webp&s=dbc9c83a98d348ea80794222e5393e0c9152accd + +\------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# So back to Jim Decosta in this recorded comment to the SEC chair..I believe. This particular comment is 142 pages long. It's extremely detailed in the process of hiding FTD's. Jim even explains how they were able to obtain accurate Fails numbers. + +There is A LOT more to read on this than I can post in images. + +[https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +&#x200B; + +https://preview.redd.it/j1dmfakt52v71.png?width=596&format=png&auto=webp&s=3c9c232ded289e091733bcfcf398f4efcfb35626 + +&#x200B; + +https://preview.redd.it/0bvnflhu52v71.png?width=595&format=png&auto=webp&s=b83e72728a8b363add80a85a8f48e005ba9ca0e5 + +&#x200B; + +https://preview.redd.it/y3q0syav52v71.png?width=586&format=png&auto=webp&s=747894dee95abdadfaf5e3ae6a1cd9f80ad7bda5 + +&#x200B; + +https://preview.redd.it/0h6bs97w52v71.png?width=633&format=png&auto=webp&s=29c84296e4c524fba763acc919f7ab02657b4774 + +&#x200B; + +https://preview.redd.it/hujoktdx52v71.png?width=597&format=png&auto=webp&s=777eeb7adaa32966a4e81eb3c386bd997e7e735e + +&#x200B; + +https://preview.redd.it/lo5v51ey52v71.png?width=592&format=png&auto=webp&s=f873e0ee1cb23376c10ecf089aa4f2cbf1bb8cee + +&#x200B; + +https://preview.redd.it/qup6en7z52v71.png?width=586&format=png&auto=webp&s=5b6575bac2c893897a4fe40eaa912c71caeba084 + +&#x200B; + +https://preview.redd.it/sfvm5d0062v71.png?width=808&format=png&auto=webp&s=1d76f6c3071f55a0681c0a65bc01dfc17cd785f9 + +&#x200B; + +https://preview.redd.it/noys46e162v71.png?width=595&format=png&auto=webp&s=c76d5f0bf1f54528eea5a775de5d27b8ff6a9bf2 + +&#x200B; + +https://preview.redd.it/mzy14d9262v71.png?width=577&format=png&auto=webp&s=28d8488ceaa7cfcef672d026c0240e842f19f6a1 + +&#x200B; + +https://preview.redd.it/qsbbfm0362v71.png?width=594&format=png&auto=webp&s=085e760dbd78062c982c01570ba76166724a5017 + +I can go on and on and on about this but Jim really states it so much better than I can. What I think is important is that these documents be seen as much as possible. The information inside these letters and comments to the SEC already has the evidence of the crimes from years before and nothing has changed for the criminals since then. I think it's coming very soon... as soon as something so big happens it forces their hand. + +\------------------------------------------------------------------------------------------------------------------------------------- + +The International Association of Small Broker Dealers and Advisors Complaint:[https://www.sec.gov/comments/s7-12-06/s71206-88.pdf](https://www.sec.gov/comments/s7-12-06/s71206-88.pdf) + +\------------------------------------------------------------------------------------------------------------------------------------- + +Here is a complaint that Overstonk was on the RegSHO list for 500 days straight + +[https://www.sec.gov/comments/s7-12-06/s71206-826.htm](https://www.sec.gov/comments/s7-12-06/s71206-826.htm) + +\------------------------------------------------------------------------------------------------------------------------------------- + +Another Complaint.. + +[https://www.sec.gov/comments/s7-19-07/s71907-377.htm](https://www.sec.gov/comments/s7-19-07/s71907-377.htm) + +\------------------------------------------------------------------------------------------------------------------------------------- + +Snippet about synthetic shorts + +[https://www.sec.gov/comments/s7-08-09/s70809-4011.pdf](https://www.sec.gov/comments/s7-08-09/s70809-4011.pdf) + +\------------------------------------------------------------------------------------------------------------------------------------- + +**2016 comment to SEC about synthetic shorts being unlimited:**[https://www.sec.gov/comments/s7-21-16/s72116-6.pdf](https://www.sec.gov/comments/s7-21-16/s72116-6.pdf) + +"**Short sales with unlimited supplies of synthetic securities borne from sham transactions do not contribute to the underlying fundamentals of the economic system**, which; a) cause inaccurate reporting to the marketplace, investors and regulators, and b) raise the probability of systemic risk from over-leveraging, which impedes assets segregated under consumer protection regulations and the fundamental underlying net capital that supports a firm’s financial stability. + + **Ex-cleared transactions (trades not sent to the national clearance and settlement system, including pre-netted, compressed, summarized and internalized trades) have become a detrimental loophole in the national clearance and settlement system that can affect the real net capital of a firm (causing inaccurate reporting) and/or the segregation of securities for the protection of investors. The mounting number and value of ex-cleared trades could produce systemic risk for the settlement system**" + +\------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +PSA- only b\*t accounts say "cumulative" or "aggregate" when talking about FTDs + +\------------------------------------------------------------------------------------------------------------------------------------- + +# Computershare is the way. DRS is our only logical means of supplying ourself with one course of Remedy...one of them + +**That being said, it's time to put a magnifying glass on these FTDs and FTRs Fails to Receive. All of retail trading is infected with FTDs and naked selling of securities. How else would predatory shorters stay afloat without naked selling? We KNOW of 192 million recorded FTDs of GME since 2014...what we dont know is how many FTDs exist just from naked selling securities to unknowing retail investors...** + +# #SECknows <------ is it coming up on google yet? + +***EDIT: Is there a lawyer ape that can put together a FOIA request for all FTDs and FTRs since 2007 for GME?*** + +# Part 3 - SHORT SELLING, DEATH SPIRAL CONVERTIBLES, AND THE PROFITABILITY OF STOCK MANIPULATION + +[https://www.reddit.com/r/Superstonk/comments/qdwzrw/the\_everything\_ftd\_dd\_part\_3\_short\_selling\_death/](https://www.reddit.com/r/Superstonk/comments/qdwzrw/the_everything_ftd_dd_part_3_short_selling_death/) +## Guide for Noobs + +#### Simple and Not A Lot of Money +- setup an account on coinbase.com, buy your coins, walk away until next year or later, fees are ~1.5% which is $1.5 USD for a $100 USD of coin +- note coinbase does have an option to buy via credit card instead of a bank account, fees are ~4% when you do that, your credit card company may charge more if it considers it a cash transfer + +*** + +## Guide for Not Noobs + +### Less Simple +-setup an account on coinbase.com, move dollars into your account, setup an account on gdax.com (same company, same login), move your cash from coinbase to gdax, buy your coins on GDAX at Market, fees are cheaper 0.25% versus 1.5% + +-consider buying alternative coins supported by coinbase + +### No Fees +-all of the above but use GDAX's Limit/Buy, zero fees, but you have to wait for the market to dip below your buy price + +### More Money Available +-setup several Limit/Buy orders at different price points to capture dips when you are away + +### More Control but More Complex +-it's possible coinbase could go out of business, move some or most of your coins to a personal hardware wallet like a [Trezor](https://trezor.io/) or [Ledger Nano S](https://www.ledgerwallet.com/products/12-ledger-nano-s), made in Czech Republic and France respectively + +-consider using other [exchanges](https://bitcoin.org/en/exchanges) with different fees and coin support + +-consider buying other [alternative coins](https://coinmarketcap.com/) supported by other exchanges + +### You Are Very Responsible +-create a paper wallet, put it in a safe, be warned it's like a visual bearer instrument, if you lose it or someone takes a picture of it...it's gone, but you have complete control over your money/asset + +### DO NOT EVER +-buy more than you can lose, it's early wild west days, the market could easily come crashing down + +-panic sell, the market fluctuates regularly by 20%, thus far it has ALWAYS recovered, people that try to sell during a fall/dip and buy at the bottom usually miss time it and lose + +-store your keys on your computer or phone unless its small amount, these are the two most vulnerable routes to hacking and simple hardware failure resulting in loss + +-attempt to daytrade and time the best prices unless your real life job is day trading + +-get addicted to watching the market, pay attention watch for dips, but don't let it crowd out your work or free time + +-keep a LOT of cash or coin in an exchange, it is very easy to mistype and buy or sell far more than you meant to, exchanges can [disappear](https://en.wikipedia.org/wiki/Mt._Gox) with your coins + +-buy a hardware wallet from anyone other than the company who makes it, i.e. do not buy one on Amazon, it is possible some third person hacked it and could steal your coin + +### PROBABLY DON'T +-limit sells until the far future when market volatility is down, flash crashes have happened and recovered, if you had all your coin in limit sells it would be gone + +-margin trade unless your real life job is day trading + +-stop buys or stop sells unless your real life job is day trading + +### DO +-hold your coins, your coin may be worth x10 or more in value in the future, e.g. if bitcoin replaced gold, bitcoin would be worth ~x70 the current value + +-buy small amounts over time [DCA](https://en.wikipedia.org/wiki/Dollar_cost_averaging), this might not seem intuitive but it spreads your risk out, reduces risk of buying at all time highs (ATH) and more likely to catch lows (dips), a fluctuation of $100 in price is small if the eventual value is worth x10 or more in the future + +-keep a small amount of cash on an exchange always, when there is a lot of traffic/trading which happens during dips, you are much more likely to be able to make trades on an exchange rather than with your own wallet + +### REMEMBER +-if you don't have your coin in your own wallet, it's not your coin. this is not a problem until you have a lot of value and you want to keep it safe from a bankruptcy, unscrupulous people/exchanges, or unforeseen acts. if it's a small amount compared to your income it's an acceptable risk, if not then move it to a wallet + +-in the days of fake news not everything you read is true, in fact there are armies of people shilling for 'pick a random coin'; some are malicious, some uninformed, and some willfully uninformed + +-if your value starts to become large, dig deep into how your asset/currencies work just like you would for any other purchase, understanding how it works helps you understand if it will be a success, e.g. understand the difference between [PoW](https://en.wikipedia.org/wiki/Proof-of-work_system) vs [PoS](https://en.wikipedia.org/wiki/Proof-of-stake) or what a hard fork is + +-some coins especially newer ones are scams, a good indication of if it is not a scam is how long the coin has been around + +-most bitcoin hard forks so far have [not been successful](https://en.wikipedia.org/wiki/List_of_bitcoin_forkswith) with some exceptions + +-btc is the accepted short-name for bitcoin on most (but not all) exchanges, xbt is also common in EUR-land + +### Other Risks + +-holding your own coin requires personal responsibility, it is easy to lose and not be able to recover it if you are not careful + +-again, do not buy more coin than you can lose + +-transaction speeds which are slow are a serious problem in bitcoin scaling + +-there is less innovation and more argument going on in bitcoin than some other coins, bitcoin is large enough that consensus is difficult, future change is less likely than with some other coins, there are other [side](https://lightning.network/) solutions to bitcoins problems that may not require bitcoin to change much + +-bitcoin.org IS the generally [accepted](https://bitcoin.org/en/about-us) bitcoin website, NOT bitcoin.com + +-[important other risks](https://slack-imgs.com/?c=1&url=https%3A%2F%2Fi.redd.it%2F5itifh6drlxz.png) compiled by /u/themetalfriend + +-coinbase has insurance up to $250k USD for you USD Wallet which DOES NOT cover your bitcoins or other crypto currencies, they claim to have [separate insurance](https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-) for your crypto currency but it is unclear how much + + +### Community + + +there are a lot of memes + +-hodl, [GameKyuubi](https://bitcointalk.org/index.php?topic=375643.0?red) mistyped hold and it spread + +-to the moon, where everyone hopes the price will go + +-coin on a rollercoaster, it is highly volitile market you will see this during fluctuations + +-this is gentlemen, via /u/Liquid_child , [here](https://www.reddit.com/r/Bitcoin/comments/2m4xo3/this_is_gentlemen/) + +-lambo/roadster, a car people want to buy when they get rich + +-the cost of pizza, early days someone bought a pizza for 10,000btc which is worth over ~80million USD today + +-tesla/vehicle with a bitcoin chart, [/u/cytranic](https://www.reddit.com/r/Bitcoin/comments/7dccpd/7452/#bottom-comments) posted a picture that spread + +-intersting guide by /u/stos313 , [here](https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view). I do not agree with everything but it has a lot of useful information. + +### CORRECTIONS + +Edit: Adding in user comments. + +Edit: Crosslinking to a more[ Beginner Version](https://www.reddit.com/r/BitcoinBeginners/comments/7e78ld/so_you_want_into_bitcoin_short_version/). + +Edit: Note in an earlier edit of this guide I said. + +~~note that most of the development on bitcoin is by employees of one [company](https://en.wikipedia.org/wiki/Blockstream), it is open source but their priorities may not align with the community~~ + +This is not true. Blockstream appears to have a high representation but not an overwhelming amount. You can compare [blockstream's](https://www.blockstream.com/team/) employee page and bitcoin's [commits](https://github.com/bitcoin/bitcoin/graphs/contributors?from=2016-08-04&to=2017-11-20&type=c) in the last year. Thank you to /u/lclc_ , /u/trilli0nn , and /u/Holographiks for pointing this out. See [this](https://medium.com/@whalecalls/fud-or-fact-blockstream-inc-is-the-main-force-behind-bitcoin-and-taken-over-160aed93c003) for a detailed break down. + +Edit: Clarification that FDIC insurance does NOT cover crypto currency/assets. + +Edit: Clarity on who owns bitcoin.org + +### Good Luck and Hodl. + +Please comment if your experience is different. Or call out things I missed. + +Just a random question I was pondering. What if I work my whole life never saving for retirement or simply not being able to save for it. Assuming no family to care for me. What happens when someone gets too old to work and has no retirement savings? +I saw news as [these](https://www.newsclick.in/karnataka-withdraw-ayushman-bharat), where it seems to mention on Karnataka getting out of the [Ayushman Bharat](https://en.wikipedia.org/wiki/Ayushman_Bharat_Yojana) scheme. And there are news as [these](https://timesofindia.indiatimes.com/city/mysuru/middlemen-fleecing-people-for-ayushman-bharat-cards/articleshow/69102795.cms), which seem to be still mentioning Ayushman Bharat Cards. + +In Karnataka, I don't know whether they are valid or not. What is your experience in your region? If they are valid, would you all eliminate private health insurance? What differences are you seeing? + +And this [news](https://www.deccanherald.com/national/ayushman-bharat-lifesaver-for-pvt-insurance-firms-cong-723566.html) seems to be mentioning on the coverage of Ayushman in reality as to be 50,000 INR and it as to be not covering outpatient treatment, and "diabetes, and high blood pressure". +I am looking at [Quant Infrastructure Fund.](https://www.valueresearchonline.com/funds/17371/quant-infrastructure-fund-direct-plan) It contains SBI bank at no#2 with 8+%, then ICICI bank at #5 with 7.5%. Not only this, I see this trend in many other sect funds. I was not expecting bank stocks at least in top 10 in an infra fund... + [https://www.bajajfinserv.in/fixed-deposit-fees-and-interest-rates](https://www.bajajfinserv.in/fixed-deposit-fees-and-interest-rates) + +here are the rates. +Hello r/personalfinance! + +If I'm being honest, I'm not really sure where the best place to go to post or ask for this kind of help. I saw some similar posts through google where people asked for advice, so I figure it may be alright. + +In any case.. I'm feeling a bit lost on what to do. Here's a little bit of backstory of what happened to me: + +Fresh 18, started to go to CU Boulder for a dual Chemistry and Studio Arts degree. I really didn't know what I wanted to do. Parents were pressuring for me to pursue something that wasn't art. I had some pretty extreme depression too. Ended up dropping in the 3rd(?) semester, where I went through many terrible years of relationships and self deprecating, "I'll just become something useful to this guy and he can keep me alive." Moved all over the place, never really went back home at all, didn't think it was an option because I felt like I had failed my parents.. never worked until 20, got my drivers license at 21. Broke up from that 3 year relationship, to go into another one. A lot more stable, but still struggling with depression/trauma of being with the prior. Moved in with new relationship, got a full time job as a manager (kept for 3-4 years), but not really much else in developing my life. Even though I was in a better place, I couldn't bring myself to pursue for any better. Went on for 4 years but ended up breaking up with him recently, unfortunately. I'm still living with him and he agreed to let me stay until I was ready to go, but I obviously need to start thinking about the next step. + +Through all that time, I never had any motivation to improve myself, but I want to be able to try and change my life for myself. I just recently got my first credit card to try and build some credit too, but I'm not sure what else I need to do or how to go about doing any of this. I have about 5k saved up at the moment. Still living with my ex for about 400$ per month for rent. I have a job that pays 18.00$ a hour at the moment. I have no 401k set up, or any investments either. I do have a fully paid off car. I'd like to be able to move out of this city, or really this state at this point, but being on my own is really frightening, especially because I don't know what I'm doing. I can't move back in with my parents. I don't really want to trouble them after all the years I haven't seen them, and especially because both are suffering from cancer and I still have no face to see them.. I've lived my entire life depending on people and I'm just not sure how to go from here. I feel like I'm on a ticking time bomb because I don't know how long I can stay living with my ex. + +From what I'm understanding so far, I should go to CC then transfer into a university. The credits I had when I was going to CU are probably gone now, right (2012-2013)? How do I go about doing that? How can FAFSA help me at this point too? I'm not sure how I'm going to be able to move out, find a new job that's enough to pay for rent on my own, while also attending college. I'm also not even sure where I should go either. I want to pursue art again. And the job security in doing that is very difficult and filled with uncertainties. I'd really like to move out of state into a nicer art school but I don't think it's an option at this point because it's way too expensive. I could instead go back into something more.. practical.. but I don't know if it'll make me happy in the long run. I'm just not sure what my first steps or what the smartest thing to do is. Thank you for reading. + +Edit: oh god i didn't expect this much traction.. I'm at work currently and will read these in more detail.. thanks so much everyone. + +To help clarify a little,, I'd like to go into graphic design or something more "practical", I just wanted to be in the art industry somehow. + +edit 2: + +There is an overwhelming amount of you and it's practically impossible to be able to respond to each and every one of you. I just want to say I'm really thankful for everyones contribution to.. just some struggling stranger on the internet. Granted, I'm also just a stranger talking out on here too haha. + +I'm going to try and break down what I've gotten so far from everybody: + +\- A lot of consensus it seems was to amend with my parents firstly. [I explain a bit of it here if you guys are interested.](https://www.reddit.com/r/personalfinance/comments/m9zzb5/im_25_trying_to_start_my_life_over_and_i_want_to/grrku84?utm_source=share&utm_medium=web2x&context=3) tl;dr of it is that I'm on better terms with my mom and I have the potential to move back, just that I'd have to go under full quarantine. + +\- There was a lot of you that flat up shared your experiences with me, and to that, I'm thankful for each and every one of you. It really does help put into perspective that .. there is a way out of many problems and scenarios. And that 25 isnt too late either, and that there are others that even started later than me. Thank you guys. It really was nice to be able to read everyone's experiences like that.. + +\- A lot more too was to not to go directly into art and to consider another major. And trust me I have.. this debate is kind of what got me here in the first place. I think my dream job would be able to do graphic design or video game character illustrations, but if I had to pick something more practical, I had always wanted to become a RN, or get into IT in someway too. And it's not that I don't feel like im not capable of doing either. I guess it's just a matter of.. financial security vs chasing dreams that I get really caught up in. I'm ultimately still working on that. I just know I do want to be able to commit to something to better my life in some way. Be it financial security or something that makes my life feel more fulfilling. And I'll work hard to improve my craft in either shape or form it takes. + +\- I'm glad to hear that my college credits are still applicable. Though I did flunk a semester and I think I withdrew from the 3rd, but my 1st semester I think I did have passing credits. I'll take what I get. I'll definitely be applying to FAFSA too to just get an idea(?). I'm not sure if I'm required to take the loans immediately or something but I'll do some more research into it. + +\- There were some options for military.. I don't know if military is something I'm personally wanting to pursue, but I will keep it in mind.. + +\- Some of you emphasized putting more focus on myself than going to college. And yeah, I was firstly wanting to make steps in moving out of where I am with my ex (though amicable, I don't think he would want me to stay forever either, it is his house under his mortgage.) I was just having trouble.. putting into priority of where to go move first, and going from there. On how to save money to be able to support myself through college, etc., + +&#x200B; + +Again, thank you all for your kind comments and POVs. I will be continuing to read through everyones comments, even though they're difficult for me to reply to.. all of them.. +Way back in the day when I was a wee baby college ape I worked two jobs. One of these jobs was Gamestop. I was thrilled to work this job because of my love for video games and the fact I was obtaining my Game Design degree. I ended up loving the opportunity so much that I ended up quitting my other job when I became overwhelmed by school and the hours between both jobs. Little did I know this was a big mistake. I kept Gamestop because it was a store that I was passionate about versus the job I had more seniority and pay at. Little did I know that once the honeymoon phase was over I was essentially treated like cattle. I remember days I dreaded even going into a 3-hour shift. I never want the employees to experience the dread and growing disdain I felt over time at this job. It should be a fun and chill place for customers and employees alike. + + + +[ +I just came across this write-up by Jenna Owens for employees.](https://imgur.com/a/xb25FaA) When I read this, I see aggression and a sales-only focused mindset. I don't see what I expect from the company as a shareholder. I want to go through each one of the paragraphs/bullets with my thoughts on the matter. +________________ +* First paragraph is fine setting expectations for what's to come. +* This is great. I love the fact that they are looking to take care of us. This is a retail store so of course, the customer's opinion is important. +* I do not like this paragraph. I am assuming this is referring to the metrics. When I worked at Gamestop you were expected to get a certain amount of pre-orders, PowerUp rewards cards, disc insurances, credit cards, etc. They made you compete against other employees to obtain your hours for the store. People with better-performing numbers would get more part-time hours. If this IS the case. It's archaic. Gamestop employees should be incentivized to work together or to get the customers excited. It's very annoying from a customer's perspective when employees ask you 1,000 questions trying to upsell you on products. Shareholders want Gamestop to do well BUT not at the cost of the annoyance on the customers part or the threat to employee metrics. Both sides should be incentivized to enjoy the transaction versus it feeling forced. If Trader Joes can have high accolades for how their employees view the company then Gamestop should be striving for that same greatness. Happy employees will garner happier customers. +* No. Ideas and alternative ways of thinking are valuable. There is no one true good idea or solution. Free thinking should be a key to providing great customer service. They are not robots. I remember when I was working at Gamestop I was given task A and was told to do it a certain way. I realized task A could be done faster with the SAME results but could save half the time allowing me to start task B earlier. I was then "scolded" by another manager (I was also a manager) for doing task A in this way even though the end result didn't change and I was SAVING company time. The "scolding" resulted in me in being correct in the end and getting compliments from my district manager. If I had been a lower-tiered employee it would have wasted time and resulted in a negative mark for not thinking outside of the box. +* ABSOLUTELY NOT. This is how you get burnout. This is how your employees end up hating where they work for. You should not be overworking your employees. There should be expectations for the capacity each individual should be able to handle. You can't ask a person who is already giving 100% to then give 10xs that. If you want to increase the overall accelerated time, hire more employees. Have people that focus on one specific job versus multi-tasking. I remember there was times people would bring in huge 300 game trades and you'd have 1 or 2 employees on at the time. This either caused backup or you to jump back and forth which annoys customers. Expect what should be expected. +* This is really really ambiguous. Not exactly sure what it directly is referring to. I however do not like the tone of "corporate" is right. +* Retail employees do not get paid enough to "think like an owner". That is a position for someone with more experience or resources on hand. Employees should have their mindset meet set expectations. They shouldn't be bloodthirsty for every potential dollar walks through that door. This is how you get predatory practices in businesses, which when I left Gamestop was already starting to happen. +* This is fine. You should incentivize hard work. However, employees should still be treated like people who have their own lives outside of work. +* This also seems fine. Connections are important. + +_____________________ + +In conclusion, I just want Gamestop to up their employee game. They are not numbers, they are people, they are passionate, and most are gamers AND even your own customers. Take care of them. Happy employees will lead to happier customer experiences. Get rid of predatory practices. + + +edit: I love what they are doing so far. I believe in them and in the stock. I just want my opinion to be known that I seek better employee treatment. + +Edit 2: This screenshot could easily be faked. **The message is still real. TREAT EMPLOYEES LIKE HUMAN BEINGS. Simple, right?** +There’s a well known and [easy to poke fun at](https://target.scene7.com/is/image/Target/GUEST_cb052fde-c7c2-4d1f-8d2a-593e1165ae20?fmt=webp&wid=1400&qlt=80) tendency among FI folks – especially the ones feeling the initial excitement of discovering the possibility of FI – to view everything through a lens of financial efficiency vs comfort, with a heavy bias towards financial efficiency. There’s really nothing wrong with this, and it still basically describes me. + +But, as I’m beginning to emerge from the Boring Middle period of FI saving, I’m starting to really engage with the extreme degree of freedom I’ll be staring at. And the more I think about it, the more it seems this freedom deserves the same degree of obsession I put into FI back in 2012 when I discovered the concept. + +I've been trying to figure out how to approach this mindfully, rather than using my freedom to fall ass backwards into whatever I feel like. + +So, below I've written some framing exercises I'm trying to use to replace the outsize influence of a simplistic saving vs spending model in my life. + +Of course, I'm not saying these are the only frames that can inform life choices, but they're the ones that I'm really starting to try to rely on as I plan for what post-FI life will look like. + +**Simplicity vs complexity** + +[=======|40%|==========] + +Obviously the minimalists have a lot to say on this subject, and there are a lot of them in the FI community. And there are plenty of maximalists driving down the highway towing a trailer of jet skis and a chore list of truck, trailer, and jetski maintenance tasks. FI oriented folks tend to lean more towards simplicity, but it's worth engaging with this deliberately. Some complicated things are worth the trouble. + +**Comfort vs adversity** + +[========|50%|========] + +At first glance, this seems like a no-brainer. Why would anyone voluntarily add adversity to their lives when they could have comfort? Well, when I think about the standout experiences of my life, they were hard. Sometimes, really hard. Working with an election team in a shitty strip mall office with not enough money and no sleep. Extremely competitive athletic training. For some people, parenthood. Don't necessarily trust your knee jerk desire to eliminate all discomfort just because you can. + + +**Individual freedom vs Obligation** + +[============|60%|=======] + +This is [touchy](https://www.reddit.com/r/financialindependence/comments/hrq13b/the_ennui_of_wealth_vs_the_power_of_obligations/) subject! I’ve read the [libertarian takes]( https://www.amazon.com/How-Found-Freedom-Unfree-World/dp/0965603679) on this concept (which are worth reading), and I’ve read [other takes]( https://www.amazon.com/Theory-Justice-John-Rawls/dp/0674000781). Anyway, leaving aside what we actually owe to each other morally, which is something everyone probably alrady has an opinion on, there is the selfish utilitarian question of what choices will make you happiest. And, like focusing only on your own comfort, focusing only on yourself is probably more dangerous to your big picture wellbeing than you think it is. But the other extreme can be just as bad. + +**Consumption vs creation** + +[===============|70%|====] + +A lot of go-getters, myself included, will tell you that it's inherently more satisfying to spend your time and life energy on creating rather than consuming. MMM's carpentry comes to mind, and my own inability to sit still through a movie. But as you crank this dial up, you're usually also cranking up the complexity dial along with it, and you need to be aware you're doing it. Renovating a house is not a minimalist lifestyle choice, but it can still be the right one, even if you're a minimalist. But you need to be aware of how these things interact. +Hi all, + +So recently I have been posting a lot about this fundamental question: Does the Sonnenschein-Mantel-Debreu theorem disprove the "Law of Demand"? + +After all the comments I feel very confused lol. + +Basically, the Sonnenschein-Mantel-Debreu theorem (SMD from here on out) states that you cannot simply horizontally adding up demand curves and get a downward sloping demand curve, as income effects & consumer preferences get in the way. Basically, what that means is that the demand curve could take the form of any polynomial function. The result of this seems to indicate that the "Law of Demand" cannot hold for markets as a whole all the time, and fundamentally undermines the General Equilibrium Theory. At least that is the argument presented by Steve Keen. + +I got some responses to that claim, namely that we have observed downward sloping demand curves and that we recognize that you cannot necessarily aggregate all consumer demand curves to create a downward sloping demand curve. This is just an assumption used cause it makes the math easier, much like how a physicist uses 0 friction and no air resistance as assumptions even though that isn't technically true. + +I replied that the only reason that you can do this is because those effects are near 0. And that we cannot necessarily say that is the case for aggregate demand functions. + +Then a lot of links were provided to very complicated technical papers I don't have the background to understand which claimed to show empirical evidence of a downward sloping demand curve. Like I said, I don't have the background to understand all those papers, so I will take it on the commenter's word that it shows that there is a downward sloping demand curve. If anyone has an easier paper/solid demonstration I would love to take a look (I'm not a professional economist, i'm literally just a guy on the internet trying to get a better grasp of real economics). + +I was also told Steve Keen was a hack and that I shouldn't read his stuff. Maybe that is true, idk the guy so I can't say. But if he is a hack then there must be flaws in what he is saying right? If something is true then i must neccesairly be able to answer criticism, so we shouldn't shy away from reading criticism. It's why I have been reading Marx, and it's why I have been reading Keen. + +And that's basically where I left that post. + +Now, what I want to examine is a more fundamental question that really drives at the heart of why I was asking about demand functions so much: are markets necessarily efficient. + +&#x200B; + +I have long been an advocate of free and open markets (though that was based on my earlier understanding of economics, i.e. before I ever encountered the SMD). + +I know that Keen is a protectionist, he doesn't like open trade and has praised trump on his more protectionist policies ([https://www.forbes.com/sites/stevekeen/2016/11/11/trumps-truthful-heresy-on-globalization-and-free-trade/?sh=364f4d892a74](https://www.forbes.com/sites/stevekeen/2016/11/11/trumps-truthful-heresy-on-globalization-and-free-trade/?sh=364f4d892a74)). + +I have always been skeptical of protectionism because it tends to shelter wealthy industrialists and jack up prices (again, that was my initial thinking. Keen basically makes a more complex version of the infant industry argument). + +There are many reasons I have been an advocate of markets but the biggest is this: The Economic calculation problem ([https://en.wikipedia.org/wiki/Economic\_calculation\_problem](https://en.wikipedia.org/wiki/Economic_calculation_problem)). Basically, the idea that price conveys demand/production information and that markets are effectively a way of communicating this information for production. This provides a pretty neat and tidy explanation of why central planning has so often failed and resulted in shortages and surpluses. Now, there are a lot of reasons central planning failed, and it did fail, but I think the largest is probably the ECP. + +Hell, even in my more recent turn toward left politics, I still keep markets as a fundamental mechanism with which to operate. + +But that was all based on the understanding of supply and demand, and how those price signals push towards equilibrium with socially optimal amounts. +But, if, as the SMD seems to indicate, demand curves can really be any shape, and supply curves don't have to be upwards sloping (as Keen illustrates) then we can effectively have multiple different equilibriums and there is no gurantee we reach the socially optimal one. That kinda fundamentally undermines the ECP no? So I 100% have an ideological horse in this race and I definitely have a preferred answer to be true. If you want to be correct and find actual truth, you must acknowledge your biases. I am laying them out here and now, I would love to find a flaw in this, but i really can't. + +So ultimately, if we accept the SMD and accept that demand curves, in aggregate, can be any shape, does that mean that markets themselves are inefficient? + +Or is the ECP more fundamental? Does it even need downward sloping demand? +[reposted, as Capitalism v socialism is apparently a members-only circlejerk these days] + +The dominant argument against socialist policies, so far as I see it, is that they will inevitably lead to inflation which impairs long-term economic standing. If you accept this premise, the logic pushes to reducing social spending and taxation. And vice-versa. + +Is Inflation just a boogeyman? Am I being deceived into thinking it cannot be appropriately handled by state intervention? After all, it is to a degree inevitably whatever the regime + + +Here's what I mean by "economic failure": + +* [https://thediplomat.com/2016/07/how-bad-is-taiwans-economy/](https://thediplomat.com/2016/07/how-bad-is-taiwans-economy/) +* [https://www.straitstimes.com/asia/east-asia/taiwans-sluggish-economy-on-the-brink-of-death-says-economist](https://www.straitstimes.com/asia/east-asia/taiwans-sluggish-economy-on-the-brink-of-death-says-economist) +* [https://www.economist.com/finance-and-economics/2015/11/14/straitened-circumstances](https://www.economist.com/finance-and-economics/2015/11/14/straitened-circumstances) + +What is the cause of it?: + +* Was this economic failure inevitable? +* Was it caused by bad economic policies by the Taiwanese government? +* Was it caused by demographic factors? +* Was it caused by hostilities with Mainland China? +* Are CCP supporters right to claim that such economic stagnation is the inevitable outcome when a Chinese nation tries out democracy? +https://www.aljazeera.com/opinions/2021/5/6/rich-countries-drained-152tn-from-the-global-south-since-1960 + +His claims: + +1. "We have long known that **the industrial rise of rich countries depended on extraction from the global South during the colonial era**". + +I'm surprised that ^ is accepted as a stylised fact. Is it? + +The Global Norf means (as per Hickel et al) the US, Canada, Australia, New Zealand, Israel, Japan, Korea and the rich economies of Europe: + +2. "Over the whole period from 1960 to today, the drain totalled $62 trillion in real terms". + +3. "If this value had been retained by the South and contributed to Southern growth, tracking with the South’s growth rates over this period, it would be worth $152 trillion today". + +4. Today, the global North drains from the South commodities worth $2.2 trillion per year, in Northern prices. For perspective, that amount of money would be enough to end extreme poverty, globally, fifteen times over. + +These are some not insignificant figures. Are they sound? +The main risk with running a growing national debt is that at some point investors may say: "We don't believe that Uncle Sam can pay us back". And so the government will not have the ability to borrow new money to pay back all the previously taken debt. At this point America will just probably print a lot of money (which may lead to a hyperinflation and a total economic collapse). But it only happens **if investors lose confidence in the first place**. So, my question is: What may make them lose confidence, if America has the ability to issue the currency to always pay them back? +So lately I've been doing a lot of research into the US economy, and it's brought me to this equation, the Monetarist view of Inflation. The equation is as follows: + +MV=PQ +where +M is the nominal quantity of money; +V is the velocity of money in final expenditures; +P is the general price level; +Q is an index of the real value of final expenditures; + +As someone studying Science, this seems far too simplistic a question. Couldn't I simply sub in M, V, and either P or Q, alternatively both, to see that this equation doesn't hold? There are many resources available that would allow me to essentially sub into the equation, with a bit of manipulation. The question is, is the equation more complex? Or am I missing something? + + +As we know, in china the state owns all the land, so they can build insane huge logistics/net works/high speed railways for pennies, just like their 13 000km+ high speed railways, they build it when their GDP PPP per capita been lower than in balkan region, and one of the factor was a no cost for a land(i think). While UK&west ended up with 0.5% population owning 30-50% of land, and i don't think that something cheap&massive can be build under such conditions to push society forward as a whole(like climate change trouble). So, is public land mixed with the market is more competitive system on the lvl of whole collective than current western? +So I read this paper (Australasian Journal of Economics Education Volume 9, Number 2, 2012, pp.1-14 SHOULD WE TEACH MICROECONOMICS BEFORE MACROECONOMICS? EVIDENCE FROM AN AUSTRALIAN UNIVERSITY\* Muni Perumal Faculty of Business, Government & Law, University of Canberra). In which on page 5, it talks about how some economicts argue that macro economics requires foundations in microeconomics. But others argue that microeconomics requires foundations in macroeconomics. The question is: Is there now a consensus on this issue? If so, what is the consensus and why is it the consensus? If not, then why not? What are the most common arguments for each side? +At least that is the vibe I got from reading a few responses and it always baffled me. In Europe he is held in high regard which makes me wonder why exactly he is criticized here. +Sounds silly, but I think it's a legit question. Let's say in the future some company or government mines asteroids and finds large amounts of gold that can be sent to Earth and melted into gold bars. What would this do to the world economy? +To me, this standard has always seemed inefficient and ridiculous. Ideally, people would be payed according to how much they produce, no? Don't hourly wages and guaranteed salaries only enforce sloppy work and inefficient labor? + +What can be said of the idea of having an economy where the vast majority of individuals are freelancers? Payed by what they do and how well they do it, as opposed to how much effort they put in or how long it takes them to do it? +I dont have much idea about American history much less their economic evolution, but why is supply side economics or more famously called "trickle down economics" hated so passionately by nearly everyone, atleast online? +I know some universities do teach other schools of economics are taught as a course (behavioral economics is the most common) but it seems the curriculum is biased and focused more on neoclassical economics. Isn't it ideal for a well rounded economist to at least know and develop different pros and cons or usages from all schools of economics?? +Classical, neoclassical, marxist, Keynesian, behavioral, institutionalist, schumpeterian, and developmentist? Each schools has great points and pros and cons but its seems as if neo classical economics is the most "correct one" +"My Great Grandmother, age [--], has been scammed of her entire life savings, over $200,000. She was receiving calls from someone she thought was me on a near daily basis (late May, early June) while I was on Summer cruise. They took advantage of the fact I wasn't able make phone calls very often. + +The impersonator told her I was in an accident and needed money to pay police, medical bills, lawyers...and such. He had an extravagant story filled with many personal details (unfortunately, she is easy to pry information from). + +She did not tell other family members like my father or aunt because my impersonator told her to keep the transactions a secret. She ended up sending four wire transfers to Lima, Peru...which her banks sent. I don't think they had any other contacts to warn about her transactions. + +I don't really know how to handle this sort of thing, I am pretty much the only relative in [redacted] close enough to help. We have contacted the Sheriff in her county, [redacted], and of course the bank. The bank is VERY standoffish and was not interested in opening a fraud investigation. + +Anyways, just make sure you call your older relatives. This could happen to any one of you guys and gals that leave home for extended periods of time while out to sea or inland. There are some evil people out there and our grandparents care way to much about us!" + +As with what he said, he wants to know what options are available with the bank as well as law enforcement. +I want to discuss a few things, just for the sake of maybe helping someone. Maybe just to help one person who reads this. In this post, I want to discuss ego, stop losses, the concept of big winners, and the concept of adding to losers. These concepts all tie together in a pretty neat way once you understand how self-sabotage begins and ends with all of these things. The only way to blow up your account is to be on the wrong side of one (or multiple) of these concepts. + +If you're a day trader, even a total novice, you're probably familiar with all of these concepts. And if you've been doing this a while, chances are you've chased big wins and added to losses. Chances are you've ignored a stop loss or two, or blown up 9 accounts by ignoring stop losses altogether. + +One of the biggest issues I see among fellow traders, and one that I've really stayed away from at all costs, is adding to losers. This is a commonly discussed problem, but it's one I wanted to flesh out in my own words. + +**Big Winners** + +Let's start here. + +Note: I'm going to speak with sentences containing the word "you", but I'm talking to myself just as much as I'm talking to whoever's reading this. + +You will have big winners. Eventually. And, if you're doing things right, repeatedly. *But you don't get to choose when your big winners will come.* I consider the previous sentence a cardinal rule of trading. You do not get to choose which trades will effortlessly go your way for 10R. You do not get to choose which trades will gap up and fade nonstop all day without stopping you out. You do not get to choose which stocks will run parabolic six hours in a row and end up netting you a 215% return. You do not get to choose which stocks will respond well to catalysts and which will not. You do not get to choose which stocks will be in favor during a given week. You do not get to choose which meme stock is going to the moon this month. And you do not get to choose how far each stock will move based on a "hunch" or empty hope. + +In other words, do not put on big trades chasing that big huge win. Because you're "more confident than usual", or "the setup is perfect"... or, even worse, because you "need a big win." The market is most likely going to punish you for that (even if it rewards you first, which is a very painful trick the market can pull on us sometimes). It has punished me numerous times for that kind of thinking. More often than not, my big wins come when I do not expect them to. In fact, a lot of my big wins are on setups that don't even make sense as to why they became big wins. They just... keep going and going, for no apparent reason. + +I'm not going to tell you you can never increase your risk on an unusually high-confidence setup. That's up to you and your money management rules. What I'm saying is, do not let your ego demand big wins. This is an ego problem. This is your ego telling you "this is the one, and we're not taking no for an answer." That's terribly dangerous thinking. Don't think that way. + +Just make yourself available to good trades, and manage them according to your rules. I promise, even with conservative rules, some trades will surprise you. Sometimes a trade will just effortlessly go your way for multiple times your risk (multiple Rs), and never even tease your stop loss the whole time. Be happy about it, but don't expect or demand it. + +**Why, specifically, you should not chase big wins** + +Here is a list of reasons you should not demand big wins from the market: + +\- This kind of thinking inherently produces emotions. For the entire duration of the trade, you are trading with emotion. That's rule number 1, broken from the second the trade is opened + +\- You will hold too long + +\- Or, you will sell too quickly because you're panicking over the awful position you've put yourself in + +\- You will ignore your stop loss (or worse, not even consider one) + +\- You are not trading by your rules when you're chasing something abnormal. Trading without rules is suicide, and chasing "abnormal" is also suicide + +\- You are more likely to average down on losers when you're chasing a big win + +\- Big losers (which this will often produce) will just wreck you emotionally + +\- You will ignore any and all evidence that you are wrong, because your ego is telling you "this is the one - you can't be wrong" + +**Adding to losers** + +So let's dig into why, in my opinion, we should almost never add to losers. + +Let me first say a few things that I see as fundamental truths, to lay a foundation: + +1. This is not investing. You don't add when the stock is "on sale." The entire point of a trade is that you get a trigger, the stock moves your direction immediately (or soon), and you have profit targets based on the structure of the market. In investing, your goal is to amass stock as cheaply as possible, just because it's cheap, and hold onto it. In trading, your goal is to take a trade *right now*, **based on a trigger or a setup**, and figure out whether you were right or wrong quickly. +2. In investing, there is a thesis for your investment. A specific set of reasons why you bought the stock. On THIS point, I see trading the same way. My trade has a thesis. With multiple specific reasons why I took the trade. In investing, if your thesis is broken, you should sell the stock now - no matter what the current price is. Because your plan did not come to fruition - period. Things have changed and there's nothing you can do about it. In trading, if one or more of the reasons you took the trade falls apart, then your plan did not work. There's no point in hoping - the trade did not work as you planned on it working. It's as simple as that. +3. If, however, your plan *specifically* involves taking a starter position and then adding as the trade builds confidence or shows more positive signs - then you have a good reason for adding. Only if your plan very specifically calls for adds upon certain conditions being met. I don't prefer to trade this way, but I know people who do. And it works for them. + +Now, we all know that it's hard to accept being wrong on a "perfect" setup, or on a huge volume gapper, or on your favorite stock. We all know it's hard to accept being wrong when there were 15 different reasons why the trade looked perfect. + +But trading is not about pulling what you want out of the market. It's not just about being right. 90% of trading success comes from being effective at admitting that you're wrong. You will never be successful as a trader unless you're excellent at admitting when you're wrong. That's a guarantee. You can lose 6 months (or more) worth of profit in ONE DAY if you are bad at admitting when you're wrong. All it takes is one bad trade - just ONE - to completely ruin your equity curve. To set you back months. (Or even just to set you back 3 days - which is itself an unnecessary tragedy.) + +Just use a stop loss. + +Because here's the thing. + +If you really have found an excellent trade, and the trade doesn't immediately go your way - the chances are pretty good that you'll get another trigger. Another reasonable, useful entry. The chances are pretty good that you'll see another consolidation period, or another definitive break, or another rejection of the previous level. + +You must be willing to say to yourself "ahh, ok... my timing wasn't perfect. And that's ok. Perhaps if I keep watching, my timing will end up catching the real move." You have to be okay with taking that chance, and you have to be okay with missing it if you don't get that extra opportunity. If you go long above a tight consolidation area and the trade immediately reverses below that consolidation area - you were wrong. There's no other way to say it. The trade did not work the way you expected it to, and there's no reason to act like it did. Remember, this is not a reflection on YOU or your skills necessarily. Maybe it was a fakeout. Or, more commonly, it's just the chance you take with trading - sometimes the trade doesn't work, and you must be okay with that. You must be. + +I know a guy who trades large sums of money. A guy I talk to and trade with all the time. He has a habit (in my opinion a bad one) of getting in on the "front side" of a trade. Anticipating what the market will do next. Now, he's a sophisticated trader - so he can get away with this. He has a good feel for the market. He's professional. + +But that does not mean he is perfect. I have an example to share. + +This gentleman once took a trade on a big gap day with tons of obvious momentum. The setup was about as high quality as you can hope to find. Everything seemed to be lining up. So he got in on the front side of a trade - waiting for the pullback and continuation. And then it pulled back further. And further. And he kept adding. He added and added, WAY beyond the point of what would have been a reasonable stop loss. Like, egregiously far beyond what would have been a useful stop loss. + +He added and added, and refused to be wrong. Refused to get out and wait for a new trigger. Just demanded that the market give him what he wanted. + +At some point in all this, you'd think he'd say to himself "ok, I was definitely wrong - the setup was NOT perfect. The momentum is clearly gone." But no - he kept lying to himself, saying the momentum was still building for continuation. Kept saying to himself "the buyers are just waiting for the right moment." + +Watching a professional trader succumb to such overwhelming ego problems and rule violations is painful. It was hard to watch. It made me cringe. + +By the end of this adding spree, this ego fest, he ended up $90,000 in the red. Ninety thousand dollars. Months worth of gains. On a DAY trade. Not a swing trade. + +He held and hoped and beat himself up... and by the time the trade finally began going his way (by pure luck), he was too exhausted to hold anymore. He locked in $10,000 profit and walked away for the day. + +Let me shorten that story: I know a guy who risked $90,000 to make $10,000. And he was miserable the entire time. + +I can tell you right now, you are not going to be successful in trading with those kinds of odds. You will lose your life savings with those kinds of odds. And you will die from stress. + +Now what would have happened if the trade had gone even further against him? And it hadn't ended up giving him his money back? He easily could have lost $120,000 on this one trade. A DAY trade. Something that should have only taken ten minutes. + +On the other hand, what would have happened if he had accepted the loss at, say, $40,000? Well, chances are he would have gotten a decent trigger on the reversal. And if he had taken that... who knows. Maybe he'd have made 20, 40, 60 thousand dollars as the trade finally worked. Think about that - he could have still had an excellent trade no matter how late he got out. All he had to do was get the hell out. + +So what does this mean for us? It means that, if you trade this way, you are statistically guaranteed to fail. + +He got lucky. Very lucky indeed. (Or perhaps he got unlucky - because his horrendous failure to control his own ego actually ended up getting rewarded and reinforced. That may end up harming him more than helping him.) + +Let me put it this way: if you are in the habit of "averaging down" on day trades, there's going to come a time when you get burned very, very badly. It's not a question of if... it's a question of when, and how badly. And of how badly it's going to destroy you emotionally and financially. Even if you have 27 winners in a row using this tactic, and listening to your ego, eventually the market is going to humble you. Eventually it's going to take your averaged-in money and run the other direction. It's a mathematical certainty. + +And I guess my point is, it's simply not worth the risk. No amount of gains, or of ego reward, is worth emotional and financial ruin. No trade is worth violating cardinal rules. No trade is worth giving away months and months of gains for. There is no trade that is good enough for that risk. + +**Stop Losses** + +Just use them. + +Stop losses, to me, are an answer to the question "where am I no longer likely to be right?" Or "at what price are the odds no longer in my favor, because the momentum that I thought was present is clearly not present?" + +Sometimes the market will fake you out. Sometimes the market will be manipulated against you. Sometimes your stop will get tagged by pure bad luck and the trade will immediately work. And these are hard to accept, but... if you're a good trader, you're going to succeed even with these unfortunate things happening. (Hint: something I do that helps is I set my stop losses a few cents across obvious stop loss points. I calculate this as part of the actual risk on my trade. And this INCLUDES breakeven stops at my entry point. Trust me - the market makers know where people jumped into breakout trades, and they will bring the price *precisely* back to that point very often as a way to tag people out.) + +I know that some folks prefer mental stops. If you're disciplined enough to use them, and stick to them, more power to you. You know, some people like to wait for a 5 minute candle to close over their stop loss or what have you. And if that works for you, great. + +But you MUST have an "oh shit" stop loss on every trade. You must have a hard stop that you absolutely will not violate under any circumstances. High of day, low of day, 10%, 300 dollars, whatever it is. And if you're going to walk away from the market, you better make damn sure that thing is set. In the time it takes you to walk away and take a piss, the market could tank 7% and you could be left holding a bag that didn't even exist 60 seconds ago. Don't let that happen to you. Don't let the market make you say "oh shit." + +This post has been a whole lot of my opinion. I am by no means the keeper of trading wisdom. There's plenty of room for discussion here, and maybe there are places where I'm wrong or unjustly critical. But I hope the direct, practical nature of this post will help somebody take more firm control of their trading. These ideas have certainly helped me. + +**TL;DR:** Use stop losses. Don't demand big wins, because you don't get to choose when they come. Control your ego. Don't add to winners if the thesis of the trade is broken. +I'm a 31-year-old freelance writer with a minimalist approach to living and hope to be able to put FIRE into practice eventually. I need a smartphone for work and my beloved Android phone finally died a death after 4+ years. I did some research into phones and decided on an older iPhone, the 5s. Simple to use, good size, it was on sale because it's an older model, and I had vouchers to use in Argos (the store I got it from in the UK), which meant it was a pretty good deal. + +I went into the store to pick it up and the guy who was selling it to me pretty much openly mocked me - "they still make THIS?", "I didn't even know we still sold this model", it was as if I'd asked for an eighties brick phone, not a perfectly functional modern smartphone that does everything I need it to do and more. He took his own iPhone 7 out of his pocket and started showing me how amazing it was. I asked what was different about it and he looked at me as if I was a complete moron and said 'this is the LATEST model'. He clearly thought I was insane or stupid for buying the 5s, or maybe just too poor to afford anything better. + +As he rung up my purchase, he was complaining about having to work overtime because he'd had an unexpectedly high electricity bill and I had to bite my tongue to stop myself suggesting that if he hadn't just spent almost £700 on a brand new phone for no apparent reason, he'd have that money and more in the bank. I'd never so clearly seen the forces of marketing in action before - this guy with a minimum wage job who was barely getting by felt like he needed the latest, newest phone just because. And he was mocking me for having researched an older model so carefully and made sure it met all my needs before I parted with the money for it. It made me more determined than ever not to be one of those people who mindlessly consume and throw their money away that they work so hard for. Eye-opening. +After graduating college 2 months ago I landed a job to work for a big video streaming company. I was told I would be training for 3 months to prepare for my certification. Today only after a month they did a reviewal and was told I was not good enough for it. I had told them before I have learning disability and am a visual learner. I was only given powerpoints as training materials to study and prepare. I couldn’t do it and today I failed. + + +I cannot tell my parents because it will break them. My mum works 3 jobs 12 hours a day and my dad has full time job. They are both working there ass off even when they are 55+ years old. + + +I feel like shit. I had one thing going on my life, finally thought I found a job even though it was a shit pay I would had a reliable source of income. Now I am truly fucked. + +The only hope I have in my life is GME and to make my parents life easier. I have no one to share this with so writing it here . Hopefully I am not breaking any rules. I am in the lowest point of my life until now. I don’t know what to do. My life has turned from worse to shit 🥲 +Ive saved a little into my retirement a decade ago, but my new job at a university is going to allow me to finally really save for my future. Yes, it is forced, but i dont mind because the salary bump to this new job more than covers the 6%. + +I can choose which funds to distribute my investment and the university matched investments at any time, ranging from currency funds and bonds to indexed funds. For now im going all in on a spread of american and foreign investments (some on canadian bank investments too, because i AM Canadian and for apparently banks are the more solid investments up here) + +Anywho, ive been lurking for years, but finally have been able to join the club! Hello! +Ok kiddos, here’s the deal. + +Blimps are expensive. + +The resource I reached out to stated they require 14 employees to operate their blimps. They all travel on our dime. Sleep on our dime. And get paid on our dime. + +We also have to wrap the blimp. There are options, but a full wrap is costly as fuck. + +And that company wants profit ontop. + +So we’re talking 500,000-750,000 for a blimp over Chicago for 3 days, for example. + +Turn around time isn’t really an issue when the blimp isn’t previously scheduled, and there are many open dates the spring, summer, and fall. + +So everybody wants a blimp, including me. + +Can we cobble half a mil? Because most of my $ is direct registered in Gme shares. So I don’t have half a mil liquid nor am I selling Gme to fund this. + +Need Snoop, Musk, or Cuban to slice off a tiny stack for us. Y’all rich fucks who this is a rounding error for need to step up. + +My dms are open. + +I’ll contribute $, but I cannot fund this myself. + +UPDATE: + +So there are a number of roadblocks. For starters, most methods of crowdsourcing do count as income for tax purposes for the individual registered. That is challenging. It also feels dirty to ask people for money. That’s just my personality. That being said, efforts made out of the box. + +A few creative individuals are working on identifying roadblocks on another path. No guarantees. + +Also, was given a contact to reach out to today - and going to do so at a normal hour of the day to chat. +\*Doesn't just apply to Personal Trainers, just using them as a random example + +I was watching a Youtube video of someone talking about their business and they said they earned more money from teaching people to be Youtubers than from their own Youtube videos. Apparently this is fairly common in general in education, hence the title. + +What is your opinion on this? + +I think there is a major exception to this being teachers at schools and lecturers at universities. For example, a finance lecturer isn't going to earn as much as a student who may end up in investment banking. EDIT: Of course, this would be because they are an employee, not a business owner. + +However, I think that if someone had their own business and can teach something in a way that is very scalable, this could potentially be very true. For example, teaching online or to a group of people who are paying you directly (not through a school) or having your own paid downloadable course. +There current negative EPS stems from them purchasing their own shares back at above-market value. This is a deep value stock for anyone wanting to hold stocks for the long term. I do not think they will go out of business as they do more than just sell games. A mother purchasing a game for her son will not do it online, but instead goes to game stop to chat with the clerks about what is hot right now. Additionally, GameStop's business of purchasing used games for dirt cheap than proceeding to flip them for a 500% profit is brilliant. Using security analysis, I calculated their shares to have an intrinsic value of around 12-15 dollars. + + +EDIT: You guys are refusing to look at the fact that all investing has some risk. This is a a case how ever were reward is greater than potential risk. +~~This is just a text post, so I don't suspect it'll get much traction,~~ BUT for all those who do see this, **be encouraged!!** + +Every week (aka every pay period), diamond handed apes 🙌💎 are buying more of this beautiful stock. + +Regardless of how many paper hands buy, shills sow FUD, hedgey tactics come this way, or how often we see the price go down on the way up, there are more and more holders who **will** hold. What's more, the forever puddle grows. + +It's like that superhero who gets stronger the longer the fight goes on (anyone know which one that is? I think the Hulk comes close to that concept). + +It's like Eithen Aurelius in Cradle grinding away with the Heaven and Earth Purification Wheel, building his madra pool to unfathomable depths. + +It's like getting a few extra precious seconds to beat up the Sandbag with Yoshi to KO it to the moon (something that we never got, but always wanted). + +It's like holding onto that OG Charizard card for another year, knowing one day it'll be worth even more fortunes (I saw your post, friend). + +It's like GME stonk holders hanging on forever, because that's what the Buffet dude talked about and we learned a thing or two about the market. + +I could go on... + +I know you smooth brains will hodl. I know there's enough of you out there with balls of steel. Even if we watch the price fall off on the way up, I **know** there are enough silver backs and nerves of diamond apes who are going to hold onto that rocket with their heafty scrotes made of weird space metal that's harder than the moon itself. + +Don't know when we're going up. But we will. + +Hodl tight. Hodl right. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: It got some traction +#**/////Your Guide to Monero, and Why It Has Great Potential/////** + + +*Marketing*. + +It's a dirty word for most members of the Monero community. + +It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers. + +This is what makes this an unusual post from a member of the Monero community. + +This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential. + +Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome. + +I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so. + + + + +##**///Upcoming Developments///** + +**Bulletproofs - A Reduction in Transaction Sizes and Fees** + +Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to [reduce both fees and transaction size by 80% to 90%](https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html). This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! [More information can be found here](https://getmonero.org/2017/12/11/A-note-on-fees.html). Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested. + +**Multisig** + +[Multisig has recently been merged!](https://github.com/monero-project/monero/pull/2134) Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero. + +**Kovri** + +[Kovri](https://getkovri.org/) is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy. + +**Mobile Wallets** + +There is already a working [Android Wallet called Monerujo](https://monerujo.io/) available in the Google Play Store. [X Wallet](https://xwallet.tech/) is an IOS mobile wallet. One of the X Wallet developers [recently announced](https://twitter.com/rusticbison/status/951760058131664896) they are very, very close to being listed in the Apple App Store, however are having some [issues with getting it approved](https://twitter.com/rusticbison/status/953619818602729473). The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon. + +**Hardware Wallets** + +Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The [Ledger Nano S will be adding Monero support by the end of Q1 2018](https://np.reddit.com/r/Monero/comments/7kwbf9/ledger_to_have_monero_support_before_end_of_q1/). [There is a recent update here too.](https://np.reddit.com/r/Monero/comments/7pfj0z/ledger_hardware_wallet_monero_integration_some/) Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing [only about $20!](https://btcmanager.com/monero-hardware-wallet-prototype-announced-at-34c3/) In addition, [the CEO of Trezor has offered a 10BTC bounty](https://twitter.com/slushcz/status/932632838435782658) to whoever can provide the software to allow Monero integration. Someone can be seen to [already be working on that here](https://github.com/dominik-selmeci/monero-python-poc). + +**TAILS Operating System Integration** + +Monero is in the progress of being packaged in order for it to be integrated into [TAILS](https://github.com/monero-project/monero/issues/2395) and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as [journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers](https://tails.boum.org/news/who_are_you_helping/index.en.html), and consequently, darknet market users. + +In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided [Sheep's Noob guide to Monero GUI in Tails 3.2](https://medium.com/@Electricsheep56/sheeps-noob-guide-to-monero-gui-in-tails-3-2-d75c4e829c17), which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow. + +**Mandatory Hardforks** + +Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a *Consensus Protocol Update*. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. [This reddit post](https://www.reddit.com/r/Monero/comments/6yprar/mandatory_upgrade_monero_01100_helium_hydra/) provides more information. + +**Dynamic fees** + +Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees! + +**Tail Emission and Inflation** + +There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. [Gundamlancer explains](https://monero.stackexchange.com/questions/4205/what-is-the-total-supply-of-monero-and-when-will-it-be-finished-mining) that Monero's *"main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.* + +**Monero Research Lab** + +Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See [here](https://lab.getmonero.org/) and [here](https://github.com/b-g-goodell/research-lab). The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found [here](https://np.reddit.com/r/Monero/comments/7r3lvu/suraes_delayed_end_of_december_update/). + + + + +##**///Monero's Technology - Rising Above The Rest///** + +**Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless** + +Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. [Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics](http://www.trustnodes.com/2018/01/09/bitfury-de-anonymises-millions-bitcoin-transactions-addresses), and has lead to the prosecution of numerous individuals, such as the alleged [Alphabay administrator Alexandre Cazes](https://news.bitcoin.com/the-curious-cases-of-the-alphabay-kingpin-and-hansa-takedowns/). In the [Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes](https://www.justice.gov/opa/press-release/file/982821/download), the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: *"In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero"*. + +Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently [reiterated his concerns]( https://twitter.com/peterktodd/status/937929196688592896) of optional privacy after Jeffrey Quesnelle published his [recent paper]( http://jeffq.com/blog/on-the-linkability-of-zcash-transactions/) stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, [but Zcash is supported by DARPA and the Israeli government!](http://zerocash-project.org/about_us). + +Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. [You can view Monero's non-existent rich list here](https://moneroblocks.info/richlist) to see for yourself. + +I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike [Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions](https://twitter.com/zooko/status/863202798883577856). To Zcash's demise, Zooko famously tweeted: + +>" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …" + +Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. [A 2016 article on Saintly Law](http://www.saintylaw.com.au/2016/10/12/lessons-learned-dao-hack-blockchain-smart-contracts-security/) summarised the problematic nature of Ethereum's leadership and blockchain intervention: + +>" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology." + + + + +**Monero provides Fungibility and Privacy in a Cashless World** + +As outlined on [GetMonero.org]( https://getmonero.org/resources/moneropedia/fungibility.html), fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity. + +A great example of [Bitcoin's lack of fungibility was reposted]( https://np.reddit.com/r/Monero/comments/6uldp2/monero_privacy_is_not_a_crime_or_something_to/dlto4fn/) by u/ViolentlyPeaceful: + +>"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment." + +This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain. + +The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and [there is a potential for data to be used by third parties for adverse purposes](http://www.scmp.com/business/banking-finance/article/2114086/cashless-society-would-destroy-our-privacy-and-freedom). While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their *Private View Key* with their accountant for tax purposes. + +Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, [a Russian cryptocurrency blogger was recently beaten and robbed of $425k](https://cointelegraph.com/news/russia-blogger-who-boasted-about-crypto-wealth-beaten-and-robbed-for-425k). This is why FUNGIBILITY IS ESSENTIAL. [To summarise this in a nutshell:](https://np.reddit.com/r/Monero/comments/6uldp2/monero_privacy_is_not_a_crime_or_something_to/) + +>"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain" + +For those that wish to seek more information about why Monero is a superior form of money, read [The Merits of Monero: Why Monero Vs Bitcoin](https://www.monero.how/why-monero-vs-bitcoin) over on the [Monero.how](https://www.monero.how/why-monero-vs-bitcoin) website. + + + +**Monero's Humble Origins** + +Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 [opinion piece]( https://thecontrol.co/meet-the-best-performing-digital-currency-of-2016-monero-e6010768e54a). The author claimed that *"one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."* + +**The Organic Growth of the Monero Community** + +The Monero community over at r/monero is exponentially growing. You can view the [Monero reddit metrics here]( http://redditmetrics.com/r/Monero) and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to r/xmrtrader, and all memes at r/moonero. + +**Forum Funding System** + +While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work. + +**Monero For Goods, Services, and Market Places** + +[There is a growing number of online goods and services](https://getmonero.org/community/merchants/) that you can now pay for with Monero. +[Globee](https://globee.com/) is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier! + +[Project Coral Reef](https://www.projectcoralreef.com) is a service which allows you to shop and pay for popular music band products and services using Monero. + +Linux, Veracrypt, and a whole array of VPNs now accept Monero. + +There is a new Monero only marketplace called Annularis [currently being developed]( https://github.com/annularis/shop) which has been created for those who value financial privacy and economic freedom, and there are rumours [Open Bazaar](https://www.openbazaar.org/) is likely to support Monero once Multisig is implemented. + +In addition, Monero is also supported by [The Living Room of Satoshi](https://www.livingroomofsatoshi.com/) so you can pay bills or credit cards directly using Monero. + +Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, [and many others](https://getmonero.org/community/merchants/). + +For those wishing to purchase Monero anonymously, there are services such as [LocalMonero.co](https://localmonero.co/) and [Moneroforcash.com](https://moneroforcash.com/). + +With [XMR.TO](https://xmr.to/) you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet. + +**Coinhive Browser-Based Mining** + +Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by [Hon Lau on the Symnatec Blog](https://www.symantec.com/blogs/threat-intelligence/browser-mining-cryptocurrency) Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far. + +**Skepticism Sunday** + +The main Monero subreddit has weekly [Skepticism Sundays](https://np.reddit.com/r/Monero/comments/75w7wt/can_we_make_skepticism_sunday_a_part_of_the/) which was created with the purpose of installing *"a culture of being scientific, skeptical, and rational"*. This is used to have open, critical discussions about monero as a technology, it's economics, and so on. + + + + +##**///Speculation///** + +**Major Investors And Crypto Figureheads Are Interested** + +Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated *"One that has real fundamental value besides from Bitcoin is Monero"* and said it has *"very strong engineering"*. In addition, when he was asked if that was the one used by criminals, he replied *"Everything is used by criminals including the US dollar and the Euro"*. Paul later supported these claims on Twitter, [recommending only Bitcoin and Monero as long-term investments](https://twitter.com/AriDavidPaul/status/950044409332056069). + +[There are reports](https://au.finance.yahoo.com/news/new-digital-currency-spikes-as-drug-dealers-get-more-secrecy-015437551.html) that *"Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin*. + +Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, [Charlie Lee tweeted](https://twitter.com/satoshilite/status/913644791144919040): + +>All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment. + +John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even [claimed it will overtake Bitcoin](https://www.youtube.com/watch?v=c331by6vFz4). + +Playboy instagram celebrity Dan Bilzerian is a Monero investor, with [15% of his portfolio made up of Monero](https://www.ccn.com/why-dan-bilzerians-diversified-portfolio-of-cryptocurrencies-is-favorable/). + +Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a [CNBC Crypto video interview](https://www.facebook.com/cnbccrypto/videos/vb.1501450679938173/1599864910096749/?type=2&theater), explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating: + +>"Monero is a really good one. Monero is an incredible currency, it's completely private." + +There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence *smart money* is aware of Monero and gradually filtering in. + +**The Bitcoin Flaw** + +A relatively unknown blogger named *CryptoIzzy* posted three poignant pieces regarding Monero and its place in the world. [The Bitcoin Flaw: Monero Rising](https://cryptoizzy.blogspot.com.au/2017/11/the-bitcoin-flaw-monero-rising.html) provides an intellectual comparison of Monero to other cryptocurrencies, and [Valuing Cryptocurrencies: An Approach](https://cryptoizzy.blogspot.com.au/2017/12/valuing-cryptocurrencies-approach.html) outlines methods of valuing different coins. + +CryptoIzzy's most recent blog published only yesterday titled [Monero Valuation - Update and Refocus](https://cryptoizzy.blogspot.com.au/2018/01/monero-valuation-update-and-refocus.html) is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero. + +CryptoIzzy also published [The Power of Money: A Case for Bitcoin](https://www.scribd.com/document/360363481/The-Power-of-Money-A-Case-for-Bitcoin), which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the *four figure* range. + +**Monero Has a Relatively Small Marketcap** + +Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit. + +Compared to other cryptocurrencies, Monero still has a *low marketcap*, which means there is great potential for the price to multiply. At the time of writing, according to [CoinMarketCap](https://coinmarketcap.com/), Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin. + +For this reason, I would argue that this is evidence Monero is grossly undervalued. *Just* a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin. + +Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money. + +**Technical Analysis** + +There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found [on Trading View](https://www.tradingview.com/u/Ero23/). Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: [*Monero's dwindling supply. $10k in 2019 scenario*](https://www.tradingview.com/chart/XMRUSD/89VEffxW-Monero-s-dwindling-supply-10k-in-2019-scenario/), in which Ero23 predicts Monero to reach $10,000 in 2019. There is also [this chart](https://www.tradingview.com/chart/XMRBTC/JsUOgzrQ-Monero-btc-A-New-Hope-current-price-0-0159btc/) which appears to be freakishly accurate and is tracking along perfectly today. + +**Coinbase Rumours** + +Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the *GDAX Digit Asset Framework* outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as [Coinbase had in excess of 13 million users as of December]( https://futurism.com/coinbase-users-surpasses-charles-schwab-brokerage-accounts/), and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMR/fiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMR/fiat trading. + +**Monero Is Not an ICO Scam** + +It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and [we have already seen numerous instances of ICO exit scams](https://cointelegraph.com/news/confido-ico-raises-340k-vanishes). Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases. + +**Monero is a Working Currency, Today** + +Monero is a working currency, here today. + +The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A *crypto-assest* is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc. + +Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin. + +Monero is the only coin with all the necessary properties to be called true money. + +*Monero is private internet money*. + +Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy. + +Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us. + +Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users. + + + + +##**///Key Issues for Monero to Overcome///** + +**Scalability** + +While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. [Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader]( https://np.reddit.com/r/Monero/comments/7pwu4g/no_fluffypony_monero_scales_better_than_bitcoin/), and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit. + +[In a post on the Monero subreddit](https://np.reddit.com/r/Monero/comments/7kdjg2/a_small_note_on_secondlayer_stuff_eg_sidechains/) from roughly a month ago, r/monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability: + +>"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them." + +When the Spagni CNBC video was recently [linked to the Monero subreddit]( https://np.reddit.com/r/Monero/comments/7pwu4g/no_fluffypony_monero_scales_better_than_bitcoin/), it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining: + +>"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯\_(ツ)_/¯" + +u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description: + +>"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money." + +**Setting up a wallet can still be time consuming** + +It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node. + +For users that do run into wallet setup issues, or any other problems for that matter, there is [an extremely helpful troubleshooting thread on the Monero subreddit which can be found here](https://np.reddit.com/r/Monero/comments/7hhgjx/monero_gui_01110_helium_hydra_megathread_download/). And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. [Monero.how]( https://www.monero.how/) is a fantastic resource too! + +Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero. + + + + +##**///Conclusion///** + +I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so. + +Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price. + +I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors. + +I will leave you with an old on-going joke within the Monero community - *Don't buy Monero* - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ? + +*Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork* +For a few years I was helping my mom with things that were becoming too much for her. One of those things was to track down a local financial advisor. We interviewed a few and settled on one. As we discussed how best to invest her money, he said the word “annuities”, and she sternly said that annuities are a scam and she would have nothing to do with anything that included that word. +Now that she is gone I am searching for a planner to help me. Her advisor had said that annuities had had a bad rap in the past, but had been somehow redeemed. My understanding was always that annuities were tied to the insurance industry, they take your money over your productive years and dole out retirement monies after retirement. +Is there any truth in either of these descriptions? I’m at the point of retirement myself now and want to make the best choices. +Holy crap! Just read back for edits and realized that this is pretty long. Apologies +I recently refinanced my house down to a 15 year mortgage. We had about 22 years left on the original loan. Due to a lower interest rate and no longer having to pay PMI our mortgage payment went down about $40. We are saving about $63,000 in interest over the original loan. We started the 15 year loan on the first of March and immediately started paying an additional $200 every month. In October we paid off both of our vehicles resulting in an additional $700 a month. Starting November 1st we added that $700 to the extra $200. If we keep adding $900 a month our mortgage will be paid off in 10 years. Should i keep adding the extra money every month or would it be better to invest into something like VTI? +I'm selling tomorrow. Too much nonsense and the Donald keeps getting dumber. I'm taking a chance on timing the market. I don't know what other subreddit to post this in, but I sure can't be the only person going against /r/Investing standard investment philosophy. + +I'm wrong for doing this, but I'm not the only one. + +edit: + +I'm 80% VTSAX, 10% VTIAX, 10% VBTLX + +See my latest comment. + +Edit 2: If you're still wondering, I am selling EOD. I don't have regrets if the market continues to climb. Peace of mind is worth more than a few thousand bucks. + +Edit 3: Gary Cohn +I just finished my car payments. On a line cook’s salary these last 4 years has been really difficult to stay above water. I’ve been working hard on frugality from extending soaps with Borax, to learning to make everything I’d want to eat at at home with my skill set. Now I have some breathability to start knocking out some credit card debt and fixing some minor car issues. + +But today I celebrate getting the biggest leech of my back. +Hi PF. Long time listener, first time caller. Got into a bit of a pickle, here. + +My husband survived a suicide attempt. His neck was broken but surgeons were able to save him. We are, above all things, most thankful for this. + +To make a very long and very complicated story short, he was laid off shortly before this, cutting our income in half. I make about $35k, by myself. We have few bills thanks to a big push to clear our credit card debt. Currently we have a car payment, insurance, rent, utilities and daily needs to cover. It's tight but my salary covers it, month to month. + +My problem is doctors aren't sure he'll ever be back to 100% again and he is currently unable to do as much as pick up his 12 month old daughter, so he can't even do the SAHD thing, alone. We have been paying babysitters or begging help of our parents when they are able, which isn't often. He is also quite depressed over the situation, despite feeling, in general, better about life in general. Naturally, ongoing medical and therapy bills are a thing. + +We're currently at $4000 in medical bills (we have a PPO through my work) and I am wondering what my best options are. My max out of pocket is $5,000. + +I have never had thought we may be able to get disability, but I don't even know where to begin on that. If my husband will qualify, etc. Currently, he doesn't think he'll ever get back into the work he used to do again (construction, home building, etc). I am thinking I would like to get a better paying job, so I have started searching for that... it's hard in this area, so I am also trying to pick up freelance as I can, while, basically, being a single parent. My current job is great as they have been understanding when we can't find coverage, even letting my daughter come to work with me a needed. Not just any job I interview with will have such a perk, but still I am looking. + +We have also contacted the hospital about financial assistance, but we don't seem to qualify with my income. Plus we had insurance which paid for a lot already. + +We have some savings, but it's only in the $2500 range. I suppose I could put some of that towards the medical bill, but as I said, the husband will likely need ongoing care, well after this year. + +Again, this hit us out of nowhere. Appreciate any advice on organizing a plan to tackle this situation. Thanks, all! +Good evening, as the title has stated I am selling my primary residence for a 4x gain in 7 years. This will earn me roughly 680,000 before fees. I have done research on the tax implications and If I don't want to get hit with a hefty tax bill (I'm single so 250k limit) I will have to 1031 exchange or buy a private plane used solely for business (lol) + +Is there anything I'm missing? Maybe some of you have more creative ways? I don't want to 1031 exchange because I don't want to purchase another property right away and If I did it would not be "like kind" + +EDIT:I forgot to add I rent my primary residence for 5 months/year during high season +I am about to graduate college and would like to venture into the world of real estate investing. What are things you wish you knew or tips you would give someone just starting out? +Guten Morgen to this global band of Apes! 👋🦍 + +As the shorts continue to drive the price down, I am once again filled with the sense that they are doing so out of desperation. +With so much talk circulating about market reform and the increased scrutiny inspired by FTX's downfall, I have a feeling that they see their fate around the corner. +They have delayed the MOASS for a very long time. +Perhaps they expected a more favorable midterm election to change control of Congress, who would then pass laws that would get them survive. +Maybe they thought they could follow in the steps of FTX to secure a source of leverage to hold them over. +Whatever the tactic, our Diamantenhände are stronger than they. + +Today is Wednesday, December 14th, 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: **$21.06 / 19,97 €** *(volume: 7080)* +- 🟩 115 minutes in: $21.18 / 20,08 € *(volume: 5712)* +- ⬜ 110 minutes in: $21.16 / 20,07 € *(volume: 5505)* +- 🟩 105 minutes in: $21.16 / 20,07 € *(volume: 4904)* +- 🟩 100 minutes in: $21.16 / 20,07 € *(volume: 4904)* +- 🟥 95 minutes in: $21.16 / 20,06 € *(volume: 4874)* +- ⬜ 90 minutes in: $21.16 / 20,07 € *(volume: 4874)* +- ⬜ 85 minutes in: $21.16 / 20,07 € *(volume: 4721)* +- ⬜ 80 minutes in: $21.16 / 20,07 € *(volume: 4621)* +- ⬜ 75 minutes in: $21.16 / 20,07 € *(volume: 4541)* +- 🟩 70 minutes in: $21.16 / 20,07 € *(volume: 4522)* +- 🟩 65 minutes in: $21.14 / 20,04 € *(volume: 3914)* +- 🟥 60 minutes in: $21.13 / 20,04 € *(volume: 3627)* +- 🟥 55 minutes in: $21.18 / 20,08 € *(volume: 3149)* +- 🟩 50 minutes in: $21.18 / 20,08 € *(volume: 3024)* +- 🟥 45 minutes in: $21.17 / 20,07 € *(volume: 3019)* +- ⬜ 40 minutes in: $21.17 / 20,08 € *(volume: 2949)* +- 🟥 35 minutes in: $21.17 / 20,08 € *(volume: 2689)* +- 🟩 30 minutes in: $21.17 / 20,08 € *(volume: 2689)* +- 🟩 25 minutes in: $21.17 / 20,07 € *(volume: 2091)* +- 🟥 20 minutes in: $21.17 / 20,07 € *(volume: 2091)* +- 🟩 15 minutes in: $21.17 / 20,08 € *(volume: 2044)* +- 🟩 10 minutes in: $21.15 / 20,06 € *(volume: 2019)* +- 🟩 5 minutes in: $21.10 / 20,01 € *(volume: 1619)* +- 🟥 0 minutes in: $21.00 / 19,91 € *(volume: 1314)* +- 🟥 US close price: $21.00 / 19,91 € *($21.00 / 19,91 € 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 1.0545. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I was approved for a TPD claim as I won’t be able to go back to work after an injury for the _foreseeable_ future. I may go back sometime down the road, and I make good money when I do work. Right now I’m on workers compensation (about $110,000/year), and may be eligible to remain on it until retirement age. I’m currently 39. + +I’m single, don’t have kids and don’t plan to (but I guess you never know). I’m hoping to meet a partner at some point, but I’m not actively dating or seeking one out. + +I will soon get approximately $1 million AUD into my super, which will then become unrestricted and unpreserved and I can access it like a bank account from then on. If I withdraw it, it’ll be taxed something around 20% (yet TBD). + +I don’t own property and I’m not savvy with investing, but keen to learn. I’m quite risk averse with this money because it is a small fortune and could change my life and I would hate to squander this opportunity through ignorance or bad luck. + +What would you do with it? +Just getting in to the wheel strategy, I have 50k and I'd like to make a consistent 500 to 1000 a week with premiums, does anybody know of good blue chip stocks preferably ones paying a dividend that have consistently high paying premiums? +Remember when shills entered for ONE DAY talking about selling at $5k? Yeah we realized real quick what they were up to, and they abandoned that tactic just as fast. Remember, price will do stupid and crazy things before the real MOASS. What we’ve seen the past couple days has been fun, but we’re not done yet. We may still have a long road ahead of us. HODL strong, apes, we should be safe for a moon flight soon. Just don’t give up. Not financial advice. 💎🙌🦍🚀🚀🚀🚀🚀🚀🚀 +On July 9th 9PM EST I am hosting the first Layer 2 gaming tournament. The tournament will consist of participants battling their Loop Monsters in the arena to see who will be the First Champion. + +* Anyone can go in and explore the game at no cost, attendees that come to watch the tournement will receive a free wearable in game NFT-Shirt. +* The winner of the tournement will recieve a prize of 200 LRC and an NFT Trophy, +* 2nd place will receive 100 LRC. +* Participants in the tounament will recieve a wearable in game Badge. +* Entry form and rules for the tournament will open up on Friday, it is free to enter. +* You need an L2 wallet to join the game (Metamask, Gamestop or Walletconnect all work). +* This is the first game to incorporate the Gamestop Wallet into an online game. + +&#x200B; + +**What is the Loop Monsters game?** + +Loop Monsters is the first Layer 2 online game, which incorporates asset ownership via Loopring NFTs. NFTs owned can be loaded into the game, some NFTs are compatiable in other games. The game is currently in Alpha, but the Beta is due to release soon, which will include battling and the introduction of Kin City. + +&#x200B; + +https://preview.redd.it/es32yww7pd691.png?width=797&format=png&auto=webp&s=9b723eccbd84867ac166fa127f8d25c81dcbf03b + +**What** ***are*** **Loop Monsters?** + +Loop Monsters are digital pets which live on the L2 chain. They are currently in Alpha stage, moving over to Beta very soon. The end goal for Loop Monsters is to have them as REAL digital pets that are powered by zkEVM. + +Current Loop Monsters are dynamic and evolve every week up to stage 6, currently all Alpha monsters that are out (Earth, Air, Water) will be traded in for Beta Monsters, and shortly after that Neutral Eggs will be dropping. + +**Where to play?** + +You can play the Alpha at [https://play.loopmon.com](https://play.loopmon.com) + +There is not much to do now other than walk around and load in Loop Monsters or accessories. More content will be releasing in the beta. + +&#x200B; + +**How can I be sure it is secure to login?** + +All requests are done on a https server, all requests that are made using your API or Private Key are done locally, and **ONLY** sent to Looprings API, this can be verified by checking the browser network tab in the game. + +In terms of trusting the source, I have made the authentication method for the game opensource, with this package ANYONE is now able to make layer 2 games. I will be making video tutorials on how to use this package soon: + +[https://github.com/LoopMonsters/LoopringUnity](https://github.com/LoopMonsters/LoopringUnity) + +If you want to join the discord, here is the link:[https://discord.gg/kDVHsP3v](https://discord.gg/kDVHsP3v) + +I live stream development every night. + +&#x200B; + +&#x200B; + +I hope to see you all at the Tournament! + +&#x200B; + +&#x200B; + +Here is a leaftet I made for it: + +&#x200B; + +[Loop Monsters Layer 2 PVP Tournement](https://preview.redd.it/8pu9xp3cod691.jpg?width=1748&format=pjpg&auto=webp&s=691ec96890e918bc380a9ee54b57764118a78872) +Hello all, + +So myself and my fiancee are both in our mid-20s and will be getting married once the pandemic is solved and we can actually have a proper wedding. That being said we have more seriously started discussing finances and how they would be when we are married and then the topic of a prenup came up. I'm completely fine with a prenup as long as it's fair, so no issues or drama between us for that. We live in Wisconsin, I'm guessing that matters since it's a communal property state or something? + +Her grandparents were the founders of a company that is valued around the $500 million mark currently. Upon their passing, they left each grandchild (ie. my fiancee) about $1M in cash and then 8 figure trust accounts. My fiancee is currently in the process of transferring the $1M cash into an irrevocable trust that she will be the beneficiary for. So pretty much all of her net worth is going to be in the form of trusts that are protected from any lawsuits, marriage, medical debt etc...which makes sense, I would do the same thing if I was in her shoes and wanting to protect said assets. + +I'm a successful software engineer and I already have multiple investment rental properties and plenty of other investments. At my current rate I'm planning to retire from engineering somewhere around 35 years old and live off the rental income/investments and then pursue a career I actually enjoy (yes I went into engineering for the money) and just live life to the fullest. + +That all being said, I'm looking for advice on how to approach this prenup in a fair way. In my opinion, how it looks right now is that all of my fiancee's assets are going to be protected via the trusts, but all of my assets are in my own name and will become 50% hers once we marry since the communal property state thing. I'm not really willing to transfer all of my assets into an irrevocable trust because I don't have anyone I can really trust with having all that power over the trust. + +Also, my fiancee has expressed interest that once she gains full access to the trusts as she hits 28 years old since she will never have to work full time again, she wants to travel and see the world more. I'm fine with this, but doing this would mean I would have to quit the workforce early and I wouldn't then be able to hit my financial freedom goals by 35 like if I was working. Is there a way to word a prenup so that if I change my career path/life because we want go go enjoy life together, that I'm not then screwed for the years of lost income/compound interest I would gain during those lost working years, in the event we ever divorce? Also the whole thing of if we were ever to divorce, how to avoid her family just drowning me in divorce legal fees since they literally have teams of lawyers and accountants that work for them. + +Thank you for any and all advice that comes my way. I don't really have anyone else to talk to about this stuff since none of my friends and very few in my family know about my fiancee's families wealth. Obviously this is a burner account for the same reason. I'll be sure to answer any questions that might flow in. For anyone wondering how friends/family don't know, fiancee and her family don't flaunt it. They live what could be considered normal upper class lives. Live in a nice area, drive a base level Toyota, no designer cloths or anything like that, still uses an iPhone 8, still all work 9-5's (but ones they love).... they live wayyyyyyyy below their means. +As the title states, how many sources of income do you have, what are they, and how much cash do they generate you annually?