diff --git "a/reddit_finance_43_250k_314.txt" "b/reddit_finance_43_250k_314.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_314.txt" @@ -0,0 +1,10000 @@ + + +I can just say 2 things: + + + +1.I am happy we finally saw some positive market movement (even as small and as far away from ATH as it is.) + + + +2. I can't explain but something doesn't feel right. (Maybe because last time ETC pumped this hard, market crashed to oblivion) + + + + + + + + + + + + + +Edit: market is back up, nearly at 1 trillion dollars. BTC at 21800$. This was unexpected. + + + + + + + +Have a great day! +Kindly suggest some learning material such as youtubers, blogs etc to follow, and courses that I can take to learn technical analysis and trading. + +Also, please suggest a learning path that you had followed to become consistently successful in your trades. + +Edit: Thank you! There is so much to study! Some of you have offered to answer via DM, that's so cool of you! I appreciate it! +I’m in the process of buying my first multi family which is gonna have a $300k mortgage after my down payment. The tenants have been there for years and are still employed. The cash flow is going to be around $2k/month. + +My question is even though I have debt on one property and am going to have debt on this property but they are both cash flowing, when should I be worried about being over-leveraged? + +I could be completely wrong, but it seems to me even if you have a 50 door portfolio with mortgage debt on all 50 doors, does it matter if they’re cash flowing? +I have a 2 part mortgage coming to an end April 23’ and Oct 23’. + +With this latest cluster of a budget I’m getting seriously worried that inflation is going to spiral and interest rates with it. I’ve seen some articles calling for an immediate 1% rise to cool fears. + +I don’t think my renewal could have possibly come at a worst time, and it’s really starting to stress me out. Is there any situation where the above doesn’t happen? +I want to find somewhere to buy with a small yard for my dog +Doesn’t have to be amazing I’m just looking to be secure and comfortable, luxury can come later but living in a derelict home might be a little depressing. There’s a fine line I suppose between ok and too far gone to live in without putting works in first (money I don’t have) + +Work in the city but wfh a lot so I’m ok going out a bit further out however need a little yard for my dog + +As a female want to make sure It’s not extremely shifty to live in the area. + +Any ideas on best areas to buy a little unit for my price with a yard for my dog to poop lolll + +Any advice would be amazing +Hey guys. Just a little confused about the upcoming fork. I tried looking but can't seem to find a straight answer. I'm sounding like a total noob but I can't find anything. + +When is the fork? Will there be a new coin? What should everyone do if they are holding on Coinbase or other exchanges? + +Thank you in advance. +Let me preface this by saying I do think Ethereum and other cryptos will grow much larger than they are today. I just want everyone (especially newcomers) to recognize a pattern in this growth so that we can all remain calm and cool when the current bubble eventually pops- let me explain. + +[So here is what you see if you load up coinmarketcap.com right now.](http://i.imgur.com/Fznp2v0.jpg) +The growth in the past few months is certainly what you would call parabolic, but this isn’t the first time the crypto market has experienced this. What's this little bump we see all the way on the left side of this chart? + +[Let's zoom in.](http://i.imgur.com/EbDiwgA.jpg) +Wow, this sure looks familiar! Almost exactly like the chart that we are looking at today. This is as far back as we can go on this total market cap chart, so let's hop on over to a Bitcoin chart now. + +[The peak labeled with numbers 26/27 is the top of the bubble from the previous image.](http://i.imgur.com/U7G0aXb.jpg) +But now that we can see back further in time, what's that little nub on the left again? + +[Another parabolic curve!](http://i.imgur.com/75RyHk5.jpg) +And guess what is on the left again? + +[I think you already figured it out.](http://i.imgur.com/vqOMb5n.jpg) + +So after seeing this, it should be pretty clear that we are somewhere in a bubble right now. This bubble could keep growing for weeks, or it could crash tomorrow, but it is coming, and I think we all need to be psychologically prepared for this. + +Here is the most important takeaway however- Even if you bought at the peak of any of the previous bubbles, you would still see massive returns on your investment today if you were patient and held. Each consecutive bubble has dwarfed the one that came before it, and if you truly believe in the technology behind Ethereum and other cryptos, you should be sure that more even larger periods of growth will eventually follow. + +A lot of the new investors we've picked up in the past few days are seeing the current rate of growth and extrapolating this thinking that it's normal. The people with a get-rich-quick mentality who are selling their cars to buy ether or building mining rigs expecting them to pay for themselves in weeks are only setting themselves up for massive disappointment. We should try to look on a much larger time scale, put our faith in this technology, and just relax no matter what happens with the markets in the short term. + +ETH rhobustness-enhancing mechanisms will kick-in in response to this. + +We'll see greater buy support precluding another such event, confidence in the eyes of institutional investors viewing the quick rebound & consistent price resilience, reluctance among retail investors getting over-margined on exchanges etc. + +We witnessed this following 2010 & 2015 U.S. Stock Market 'Flash Crashes'. + +This was a brutal event. Awful for those who were liquidated. But it's is a net positive when objectively viewing the current ETH price fundamentals as an investor. +Your site cannot handle the explosions in volume that crypto is often accustomed to. This is not a new problem for you; it has been happening for years. You continue to acquire new coins yet make no apparent provision for increased volume. + +Crypto is already a world of scammers and thieves--don't become one of them. You cost traders money when your site doesn't load. + +GET YOUR ACT TOGETHER. + + +please. +Here's a pretty good summary write up that was passed along to me by a small business lawyer buddy. As a small business owner, i found it very helpful. Especially now that is sounds like 1099 payments WILL be considered as 'payroll expenses' [https://drive.google.com/file/d/114M\_JMV9ftY1ZwykPhl2MoxB5PVdRpKv/view?usp=sharing](https://drive.google.com/file/d/114M_JMV9ftY1ZwykPhl2MoxB5PVdRpKv/view?usp=sharing) + + +If anyone finds any advice to the contrary of what this document says, please post below! I want to gather as much insight as possible from a variety of sources... +Link: https://www.bloomberg.com/news/articles/2017-12-19/sec-halts-crypto-over-manipulation-concerns-after-2-700-jump + +For those who were investing during the dot com bubble, did it look like this? It seems like there are multiple stocks that change their name for blockchain/bitcoin too. +I've tried posting this on a number of subs and it keeps getting deleted instantly and I'm being called a shill. + +This is 100% being hidden. + +I AM NOT TRYING TO BRIGADE OR CONVINCE PEOPLE TO SELL GME. I AM MERELY POSTING MORE PROOF THAT CELLAR BOXING THEORY IS TRUE. + +I've found another stock that has a 22.23M float and on the 28th of February there were over 631MILLION shares traded in ONE DAY. + +Sound familiar? + +&#x200B; + +[Freefloat of 22.32M](https://preview.redd.it/s8aind4nk6l81.png?width=744&format=png&auto=webp&s=4863594df795904a86cc9cc68e32e1a08e985c26) + +[631Million shares traded in a single day.](https://preview.redd.it/q9rujweqk6l81.png?width=548&format=png&auto=webp&s=fb7424264bfcf608029e968be61338f8d89d49b0) + +&#x200B; + +&#x200B; + +https://preview.redd.it/vmstinv7l6l81.png?width=406&format=png&auto=webp&s=11920135efc19f5f209ea4e496f138e7806d84fb + +&#x200B; + +I don't want to say much else about this in case it gets deleted from here too, but I think this needs eyes on. Who is behind this? Is it tied to the Meme stock basket? + +Edit1: I've been holding GME since Jan last year but this is the first time I've witnessed the same thing happening to another stock. GME is the first stock I've held for more than a month and I do not plan on selling any. Just wanted to make people aware that this shit is still going on with other stocks RIGHT NOW $MULN $MULN $MULN +This is my first car payment. My bill is due on the 22nd so was just wondering if paying $1000 on it would be too much? I was told that anything extra I pay on top of my bill would be interest free. Can someone explain that? Any advice would be great <3 + +Edit: +I finance with Veridian +It sets us off more than just about anything when we feel we’ve been singled out and treated unfairly. I feel I’ve been wronged in this process and at this point I’ll never surrender, never back down, and I know millions of people feel the same way. So it’s not just about holding for profit, it’s simultaneously about holding against injustice. No superficial behavioral manipulation can shake that deep seated intention. +My situation: + +Because of COVID-19, I decided to work as much as I could this year to save for a 20% mortgage deposit. I am very likely to achieve this and with money to spare. + +The interest rate offered for the top 20% minimum deposit mortgage is 1.44%. Resulting in just £278 monthly payments shared between me and a friend (flat has 2 bedrooms). What a deal, right?! + +HOWEVER... + +On reflection, the top 10% minimum deposits would give me a 2.65% interest rate (£365 a month) and I would have £12K left over that I would've had to pay to make it up to a 20% deposit. + +So that's £87 more per month. Paying that myself over 10 years would cost £10440, or £5220 if I found a flatmate. This is less than the £12K extra already, but if I were to invest the £12K over the same 10 year period (assuming 5% annual compound interest), it's value would be £19.5K. + +In summary: + +10% deposit over 10 years: lose £10.4K (£5.2K if shared) through higher interest payments, gain £19.5K through investment. Overall, I'm either £9.1K or £14.3K better off. + +I should go for the 10% deposit and invest the rest, right? Or am I missing something? +Let's face it. The problem we have now (should we bail out the DAO tokenholders?) is not a problem the Bitcoin community will ever face. + +Bitcoin doesn't do smart contracts, at least, not like Ethereum. Bitcoin will never face a 'social problem' that requires a hard fork unless it's also a problem in the bitcoin-protocol. The DAO-heist is not a problem in the Ethereum-protocol, but it is a big problem for the community. + +If we don't fork, the attacker gets so much Ether he can spam the entire network for years, or at least enough to shut it down until Casper is complete. He can ruin the Ethereum network if he gets his Ether. This is not acceptable, the Ethereum project is too promising. + +So, I can't imagine the scenario where we don't hard fork. Good luck devs. + +For the record, I hold some DAO tokens, but not enough to let it ruin my day(s). I think Ethereum is so promising and I hate to see it 'die'. I can't imagine people like Vitalik and Gavin leaving it here to focus on something new just yet. +Glta guy- annoyingly optimistic, shoves his portfolio in your face + +u/voldamortt - annoyingly pessimistic, makes a post every time eth dips 5%, shits on other people for selling + +Who do you like better +I'm assuming the HMRC has computers that collect all the info from brokers and exchanges on a per person basis and calculate the outstanding capital gains tax for each, so they know who's paid what and who hasn't. In which case why don't they just provide their calculations, instead of relying on non professional finance calculations by everyday people like myself? + +I could understand it from a redundancy point, where they would like multiple participants to calculate it, but still my calculation will always be more prone to error and besides I'm sure if someone thought they were getting shafted by the HMRC, they would hire an accountant that would fix up any mistakes the gov has made. + +Anyone have any insights on this? Thanks! +Windfall 150k to retirement + +Looking for advise on what to do in my current situation. I’m 29 years old and just sold my home and have 150k in my bank account. All my debt is paid off. I live rent free and want to be retired in 18 years. + +My monthly income after taxes is 5000 and my expenses are 2000, so I can save up to 3000 a month. I have no retirement account yet created and my employer does not offer a 401k. So I want to open a Roth IRA for me and my wife but after that I’m not sure which direction to go. + + +What do I have to do to retire in 18 years? What accounts to allocate my windfall of money and what type of savings plans should I get on to reach my goal? + +My expenses are high because I have kids. +Hallo! I'm a mid-30 with normal job, college degree, no depts and Index-ETF saving plan of $500/month. + +By inheritance I received $100k. I'm sure about investing them into index-etf but I worry about the timing. I know that's it's impossible to time market, but I feel very uncomfortable to invest so much money at this market prospect. + +What do you think? Should I be all in now or increase my saving plan to lets say $5k/month? Any advices? Thank you! +Factory life. Slow season=20-30 hours a week. Busy season =50-60 hours a week. The benefits are decent but the hours and pay are so unreliable. Years ago I worked for a non-profit that assisted adults with disabilities and I really enjoyed the work there. They have a new program where you "adopt" someone with special needs and they pretty much live with you in your home. The pay is excellent and I would be able to stay home with my kids (6 and 4) who are both in school. We would save a TON of money on daycare and after school programs just by me taking this new role. My wife is on board and I'm just waiting on my licensure and paper work then a few tweeks to the home. (New windows and a fireproof door). We have plenty of space in our home and an extra bedroom in the basement. My biggest hangups is there is no insurance, retirement etc. I can sign up through my wife's work but it's an outrageous cost. Can I get benefits from the state seeing how this new position is a tax-free position?? (As in the state offers a stipend for this work and is not taxed). Theres just a lot going through my head along with all these other things and any advice is sure welcome! +Anyone that can give financial advice online that is real person (for fee of course) that doesn't want to move every account under their umbrella? I have a financial plan but would like to run it by someone with experience. And I don't want a freebie, just won't give someone control or access t all of my accounts. +I'm looking to purchase my first home and wanted to know where to start and what is the best route. Also, are there perks in some states but not in others for first time home buyers. + +I've heard stories of people wishing they knew something or picked a different loan (I didnt even know there were different types) + +I'm the first in my family to purchase a home and want to do it the best way. + +Thanks to all in advance +Just placed the orders for first thing on Monday in the morning. + +Stuff like SHOP, ZM, WORK, TEAM, DOCU, OKTA, TTD, TDOC and even SEDG, ENPH plus SQ, PYPL, MA. + +Pretty good companies, don't get me wrong, but I feel the current valuations are a bit crazy. + +Not going to lie, I'm a bit nervous since I believe in most of the companies (ENPH I hope our paths cross again), but not in the valuations and the current status of the economy. Took a very nice >30% profit, and I'm still DCA'ing my ETFs but this is it for me for this run. + +The remaining 25% is basically FB, DIS, CCL and BABA, which I'm more confortable with the current valuations. + +Bear gang, treat me well. Good luck to everyone. + +UPDATE: I could have avoided saying this (more so after all the fuzz)... but it wouldn't be fair: After reading ALL comments and further thought, instead of directly selling I've set an stop loss of about 5-15% in all the mention, that I will be updating every other day. Thanks everyone, glad that I posted this, otherwise I wouldn't have done it but I think it is the very best solution. Happy trading everyone and stay safe. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I hope you had a [redacted] long weekend! + +It certainly seems that we have hit a nerve, and the powers that oppose this movement are moving against this gathering place. +Many of us have expected this for a very long time. +The reality is that this movement is not dependent on this sub. +We gather here for community, but we already have Diamantenhände. +Though they may succeed in diminishing trust in this sub's content or even getting it shut down, the movement will persist. +None of us are going to treat the shutdown of the sub as anything but proof that we are nearing the MOASS, and HODL even harder. +The lines of communication may be cut, but as individual investors, we each have our plan of how to navigate the times ahead. + +I have said it before, but I will sell my first share when the proceeds will provide comfort for myself and my loved ones forever. +I will sell my second share when it means that I can fund worthy causes throughout my community, making the world a better place. +I will sell my third share when it means I will never have to sell another. + +Today is Tuesday, December 27th, 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: **$20.15 / 18,97 €** *(volume: 1547)* +- 🟩 115 minutes in: $20.09 / 18,92 € *(volume: 1220)* +- 🟥 110 minutes in: $19.98 / 18,81 € *(volume: 1200)* +- 🟥 105 minutes in: $19.99 / 18,82 € *(volume: 1190)* +- ⬜ 100 minutes in: $20.07 / 18,89 € *(volume: 1170)* +- ⬜ 95 minutes in: $20.07 / 18,89 € *(volume: 1144)* +- 🟥 90 minutes in: $20.07 / 18,89 € *(volume: 962)* +- 🟥 85 minutes in: $20.10 / 18,92 € *(volume: 694)* +- ⬜ 80 minutes in: $20.18 / 18,99 € *(volume: 602)* +- 🟩 75 minutes in: $20.18 / 18,99 € *(volume: 592)* +- 🟩 70 minutes in: $20.10 / 18,92 € *(volume: 572)* +- 🟥 65 minutes in: $20.02 / 18,84 € *(volume: 568)* +- 🟩 60 minutes in: $20.14 / 18,96 € *(volume: 541)* +- 🟩 55 minutes in: $20.13 / 18,95 € *(volume: 541)* +- 🟥 50 minutes in: $20.13 / 18,95 € *(volume: 541)* +- 🟥 45 minutes in: $20.20 / 19,02 € *(volume: 488)* +- 🟥 40 minutes in: $20.22 / 19,03 € *(volume: 388)* +- 🟩 35 minutes in: $20.22 / 19,04 € *(volume: 338)* +- 🟩 30 minutes in: $20.22 / 19,03 € *(volume: 338)* +- 🟩 25 minutes in: $20.22 / 19,03 € *(volume: 338)* +- 🟩 20 minutes in: $20.21 / 19,03 € *(volume: 316)* +- 🟩 15 minutes in: $20.16 / 18,98 € *(volume: 206)* +- 🟩 10 minutes in: $20.14 / 18,97 € *(volume: 206)* +- 🟥 5 minutes in: $20.14 / 18,96 € *(volume: 155)* +- 🟩 0 minutes in: $20.17 / 18,99 € *(volume: 109)* +- 🟩 US close price: $20.08 / 18,90 € *($20.22 / 19,04 € 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 1.0622. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Morgen to this global band of Apes! 👋🦍 + +I love the fact that each day there is a steady diet of new DD. +It is *exciting* to come here each day, with a strong chance of learning something new. +As we continue to forge ahead through some of the most uncertain times in decades, the effort that goes into DD continues to impress. +That is the most enduring aspect of Superstonk. + +Yesterday's price action was quite exciting. +I don't recall anytime with a larger increase during the German market, and it continued to be extended through the day. +There definitely seems to be a bit of separation between what the broader market is doing and GME. +Will we see a repeat today? + +Today is Wednesday, September 28th, 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: **$25.70 / 26,65 €** *(volume: 2066)* +- 🟩 115 minutes in: $25.69 / 26,64 € *(volume: 2066)* +- 🟥 110 minutes in: $25.68 / 26,62 € *(volume: 2060)* +- ⬜ 105 minutes in: $25.68 / 26,63 € *(volume: 2060)* +- 🟥 100 minutes in: $25.68 / 26,63 € *(volume: 2058)* +- 🟩 95 minutes in: $25.87 / 26,82 € *(volume: 2058)* +- 🟩 90 minutes in: $25.87 / 26,82 € *(volume: 2038)* +- 🟩 85 minutes in: $25.72 / 26,67 € *(volume: 1988)* +- 🟥 80 minutes in: $25.58 / 26,52 € *(volume: 1988)* +- 🟩 75 minutes in: $25.63 / 26,57 € *(volume: 1988)* +- 🟥 70 minutes in: $25.58 / 26,53 € *(volume: 1988)* +- 🟥 65 minutes in: $26.03 / 26,99 € *(volume: 1189)* +- 🟥 60 minutes in: $26.20 / 27,17 € *(volume: 1184)* +- ⬜ 55 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟩 50 minutes in: $26.22 / 27,19 € *(volume: 1087)* +- 🟥 45 minutes in: $26.22 / 27,18 € *(volume: 1087)* +- 🟥 40 minutes in: $26.27 / 27,24 € *(volume: 167)* +- 🟥 35 minutes in: $26.28 / 27,25 € *(volume: 142)* +- 🟥 30 minutes in: $26.36 / 27,33 € *(volume: 117)* +- 🟩 25 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 20 minutes in: $26.38 / 27,35 € *(volume: 40)* +- 🟥 15 minutes in: $26.38 / 27,36 € *(volume: 40)* +- 🟥 10 minutes in: $26.40 / 27,37 € *(volume: 25)* +- 🟩 5 minutes in: $26.41 / 27,38 € *(volume: 25)* +- 🟩 0 minutes in: $26.40 / 27,37 € *(volume: 5)* +- 🟩 US close price: $26.13 / 27,09 € *($26.20 / 27,17 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9644. 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! +If you could get a 5% return guaranteed would you bother with the stock market in the current crazy time? While CD rates are only approaching 4% today, I have been reading that many experts are predicting that by mid 2023 a 5 Year Treasury Bill and some brokerage CDs will be close to 5%. + +Expected inflation in 2023 is about 4% after all the Interest Rate Increases from the Federal Reserve. + +If this is the case will you pull some of your money out of stocks for this guaranteed return to help you sleep at night? +I’m a 29-year-old software developer with a comfortable job that treats me extremely well. But the work itself is very boring, I don’t like the company culture, and I hate not having creative control. Ever since I started my career 8 years ago, I’ve dreamt of working independently and releasing my own apps. I think I have the technical/design skills and resourcefulness to make it happen, if I just had the time. I’m not looking to make the next Uber or Instagram, just to release a few apps profitable enough to bring in a livable wage -- I’m looking for personal freedom, not to strike it rich. I’ve tried the whole “side hustle” thing, and it’s just not sustainable for me. My “real job" takes too much energy out of me, and I end up miserable. + +In 2015, I was stupid enough to put a significant percentage of my net worth into cryptocurrency. It paid off and I got out with around $250k in profit after taxes. + +My finances look like this now: + +* $286k in a “build wealth” Betterment account +* $79k spread across a couple 401ks +* $57k in individually picked tech stocks +* $17k left over in crypto +* $23k in checking/savings accounts +* $12k in a Roth IRA +* $6k in a traditional IRA +* No debts + +So that’s about $383k in liquid funds, $97k in retirement. $480k total. My salary is about $130k. I live in a high COL area and my expenses are about $36k/yr. I could significantly reduce those expenses by moving somewhere cheaper. + +Quitting and launching my own projects would have its own expenses of course, like software licenses, marketing costs, etc. But to start, I estimate that as less than $10k per year. So I figure my finances could be stretched for about 10 years. I’d reallocate my finances to a much lower risk portfolio, of course. + +I’m so much happier when I work on my own stuff, and the more I think about quitting my job, the more miserable I become with it. Life is short and I’ll regret not doing this when I’m young. Friends and family tell me it’s “not time to quit yet”, but I really don’t know what they mean. They’re just looking out for me, but are they right? Would I be an idiot to quit my comfortable job for such a huge risk? + +&#x200B; + +**EDIT:** Thank you all so much for the advice. I can't reply to all the comments, but I'm reading them all and appreciate it. There are a lot of perspectives here and I still have a lot to think over. I think for the time being, while we see how COVID pans out, I'll see how well I'm able to sustain my projects on the side. +Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex. + +We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up. + +The theft is being reported to—and we are co-operating with—law enforcement. + +As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected. + +We will post updates as and when appropriate on our status page (Bitfinex.statuspage.io) and on the maintenance page. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach. + +**Updates:** As it stands, we are continuing to investigate the hack and understand exactly how relevant systems were compromised. We are also cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins. In the meantime, we have been working on getting the platform up and running on a secure instance so that users can log in and see if their accounts have been affected as well as the state of their positions and orders. We hope to have an update with more substance later today UTC time. +*** + +FAQ: +How much btc was stolen in the hack? 119,756 +Was any LTC/ETH/ETC/USD stolen? No, only bitcoin was stolen. + +I'll continue to update this, but I'm going to go back to answering messages now. As I see questions come in i'll update the faq. +I've been at my job for a few years and have proven myself a very good and reliable employee. My direct boss is leaving to pursue other opportunities and has informed me I'll be taking over for him when he does. This is not a huge surprise in any regard - I was expecting him to leave sometime soon, and when he did there was little doubt I'd be taking over. I am quite adept at the work I'll be taking on. + +My questions is: there is a pretty substantial gap between my current salary and my boss's. Should I be pushing for his salary or something close to it? +MiniDoge was created by DevTeamSix. They are a fully doxxed team who has shown their faces and business address. This is a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They launched minidoge and filled a 5,000 BNB hard cap in 15 minutes ($1.5M USD). The next day, the price mooned again. This may be the last chance to get in. + +🔐 MiniDoge - from devs of CreamPYE 🥧 + +Tired of getting in too late on projects? Let’s face it; most projects being shilled here are posted by people who have already bought in early looking to dump. + +The crypto market has been underwhelming lately, and many projects have gone to the grave. CreamPYE is one of the few projects still holding strong, and the team behind it has launched a new sister-project called MiniDOGE. + +Join the NEWEST addition to the DOGE 🐾 family! MiniDoge is the first ever AutoBoost token. HODL and Earn Tokens with MiniDOGE aka Ms Celebrity Doge! MiniPet Adventure App on the Roadmap Q3🚀 MiniDoge is bringing the crypto world to the gaming world. + +AutoBoost Tokenomics (better than Everrise) MiniDOGE is the worlds first ever crypto with an adjusting buyback feature for sells of MiniDOGE token. You Sell, We Buy! + +MiniDOGE is built for the holders to win. 12% buy fees and 18% sell fee (extra 5% more reflection to holders). This is made to reward long holders, to discourage people looking for a pump & dump. + +More info here: + +Contract: 0xba07eed3d09055d60caef2bdfca1c05792f2dfad + +Website: https://minidoge.finance + +Telegram: https://t.me/MiniDOGEToken + +Twitter: https://twitter.com/minidogetoken/status/1411344252894732288?s=21 + +Reddit: https://www.reddit.com/r/minidoge/ https://twitter.com/MiniDOGEToken/status/1411344252894732288 +This isn't Shib, this isn't Doge. Those are puppies compared to the movement we have. We've got the market potential and the drive to do great things. This is a parabolic movement. +Hoge is the next big token with an incredible community. The upside potential is currently 450-500x when factoring in potential burn, Market Cap, and current price. +Tax: + +2% tax upon purchase/sale + +1% redistribution to holders, 1% burned. Hoge has burned nearly 60% of it's circulating supply thus far. +An incredibly hardworking community/dev team. Devs all bought in and come from the community, and projects are actively recruiting. +Various community projects including the Hoge Aerospace Institute (HAI) actively working to launch a CubeSat into space with the collaboration of the University of Charleston in South Carolina ,and Hoge University working to educate on crypto and DeFi. +Just whitelisted on Pancakeswap. Funds just sent for BitMart listing. Top 5 exchange listing in review. 2-4 other medium-large exchanges in pipeline. Volume is about to EXPLODE. + +Links: +https://www.reddit.com/r/hoge/ +Twitter: https://twitter.com/HogeFinance +Website: https://hogefinance.com/ +Telegram: https://t.me/hogefinance +Certik Audit: https://www.certik.com/projects/hogefinance +Charts: https://crypto.com/price/hoge-finance?utm_medium=widget&utm_campaign=CoinTickerClassic&utm_source=hogefinance.com&utm_id=hoge-finance +I usually take up to 2 hours only as a side hustle, can you guys tell me what is your trading time or recommended time. I’ve heard some people doing it for 8 hours a day, I think that’s like too much even for a full time day trader. +Edit 7: Important **NEW TOOL**---> [Coinbase created a page that automatically generates an email to send to your senator to vote YES on the Wyden-Lummis-Toomey amendment and NO on the Warner-Portman amendment](https://p2a.co/y19AJ6V) + +Link is legit---> https://twitter.com/brian_armstrong/status/1423746002360619015 + +Edit 8: [**Watch debate LIVE later today**](https://www.youtube.com/watch?v=5LxB21OP1-E) + +> **🔴 LIVE | Senate Infrastructure Bill Vote | Debates Crypto Amendments | Support Lummis-Wyden-Toomey** + +https://youtu.be/H8HS92IveEY?t=230 + +We need to organize and unite around this serious issue. We need to act TODAY. Yes, calling your Senator works if it's in enough large numbers. Forget everything else today and let's act as ONE against this atrocity that could kill Crypto (at least in the US). + +If you live in the United States, CALL AND WRITE your Senator TODAY regarding this regulation which is being used as a weapon against Cryptocurrencies. + +> **> Cynthia Lummis Calls Crypto Community “We Need You”** + +https://thecryptobasic.com/2021/08/06/out-of-the-blue-white-house-came-in-to-support-crypto-tax-proposal-changes-that-are-not-friendly-to-the-crypto-world-senator-cynthia-lummis-calls-crypto-community-we-need-you/ + +Please call: + +> **Call your Senators right now at 517-200-9518 and tell them to support this amendment!** +> +> &#x200B; +> +> We'll connect you to their offices and guide you through the process. +> +> &#x200B; +> +> When a staff member answers, tell them: +> +> &#x200B; +> +> “Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.” + + + +https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/ + +Also you can [use this link](https://gyazo.com/2ed1e022258560cf5381104e144c5667) below to do it easily: + +https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/ + +Edit: Another very [fast and easy](https://gyazo.com/47f15703326299a353fe706f292a0297) way to do it here: + +https://resist.bot/petitions/plwpcn/ + +Edit 2: Watch this excellent rant by Charles Hoskinson: [Warner-Portman-Sinema v Toomey-Wyden-Lummis](https://www.youtube.com/watch?v=JEF8dwF36qY) + +Edit 3: Thanks u/crypto_grandma + +> **For those that think it won't make any difference**, I saw [this comment](https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/h7rew9m?utm_medium=android_app&utm_source=share&context=3) in the pinned post on this issue in r/Bitcoin that hopefully will encourage people to see they can make a difference: +> +> >I interned for an organization that works on calling/emailing congressmen and senators on acts that we need to pass. +> +> > I never knew how this actually DOES make a difference. +> +> >You don't even need to say the paragraph, you can say some simplified short sentence like "I support this amendment to this act". An intern answering your call will add a tally to "support this amendment to this act" to the call report that is sent to the congressional leader and their staffers. It is an email containing numbers of how many people called about what. We can really work together to make this staggering. +> +> >True, there may be some senators that are being disgustingly lobbied out of their decisions. But there are also those who are genuinely interested/confused on cryptocurrency and this shows them the general public consensus to support. +> +> >You can literally call/email every week on repeat, it goes on a fresh new report each week. Please help in making this work. + +Edit 4: **Late, but I just saw this [+excellent](https://i.redd.it/9g2x5ocdbtf71.jpg) [+explanation](https://i.redd.it/mexj1pcdbtf71.jpg)** + +Source---> https://np.reddit.com/r/Bitcoin/comments/ozgw7w/please_read_and_call_your_senators_and_share/ + +Edit 5: Another [great way](https://gyazo.com/e6f4708f1f8acfadc41b610eba75b288) to contact your Senators: + +https://www.cop.senate.gov/senators/senators-contact.htm + +Edit 6: Keep the [pressure!](https://www.youtube.com/watch?v=thMAmHBEB38) They are bringing out the big guns---> + +> **Jeff Stein of the Washington Post wrote that Treasury Secretary Janet Yellen has personally lobbied against the earlier amendment, even going so far as to contact Wyden directly**. + +https://www.theblockcrypto.com/amp/post/113774/dueling-amendments-on-crypto-tax-reporting-become-key-battleground-over-senate-infrastructure-bill +> KEY POINTS + + +> - Munger highlighted how much risk investors are taking when investing, particularly in China. +"In China, … they love to gamble in stocks. This is really stupid," Munger said. + + +> - Munger also highlighted the proliferation of EBITDA as a profit metric as another sign of wretched excess, calling it "ridiculous." + + +> - "I don't like when investment bankers talk about EBITDA, which I call bulls--- earnings." + +[Full article here](https://www.cnbc.com/amp/2020/02/12/charlie-munger-warns-there-are-lots-of-troubles-coming-because-of-too-much-wretched-excess.html) +I joined my company in April 2021. My offer letter says "Eligible for an annual bonus of up to 10% base salary." While not guaranteed, it is spoken about as if it's basically guaranteed unless it was a particularly bad year. The annual review process wasn't started until Feb 2022, and they laid out a timeline that said they expected headquarter approval on raises and bonuses in March, with them being paid out in April. + +On April 29 our CEO sent an email saying that bonuses were still in the approval process and would now likely be May. He said he knows how disappointing and important this is, and that he's working to do everything he can to get them approved. Nothing came on the May 15 paycheck. And the May 31 paycheck was processed on Friday. Nothing on that either, and no explanation. + +While in the middle of this, I was contacted about a new job, interviewed, and received an offer. I already negotiated a later start date in hopes of receiving this bonus and to work around previously planned vacation. So I haven't given my 2 week notice yet, but suspect that as soon as I do, they will halt payment on my bonus. + +So, is there anything to be done except cross my fingers and hope for the best? I feel that further delaying my start date or now asking for a sign-on bonus isn't a viable option. I guess I can hope that the company will still honor it, but I have no way of knowing what their reaction to me leaving will be. Frustrating to potentially miss out on thousands of dollars by a single pay period. +[https://www.cnbc.com/2021/03/29/ark-invests-arkx-space-exploration-etf-to-begin-trading-on-tuesday.html](https://www.cnbc.com/2021/03/29/ark-invests-arkx-space-exploration-etf-to-begin-trading-on-tuesday.html) + +Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a [space exploration ETF](https://www.cnbc.com/2021/01/13/cathie-woods-ark-invest-plans-space-exploration-etf-arkx.html). + +The ETF’s [top 10 holdings](https://etfs.ark-funds.com/hubfs/1_Download_Files_ETF_Website/Fact_Sheets/ARKX_Factsheet.pdf) by weight: + +1. [Trimble](https://www.cnbc.com/quotes/TRMB) \- 8.3% +2. [The 3D Printing ETF](https://www.cnbc.com/quotes/?symbol=PRNT) \- 6.1% +3. [Kratos](https://www.cnbc.com/quotes/KTOS) \- 5.6% +4. [L3Harris](https://www.cnbc.com/quotes/LHX) \- 5% +5. [JD.com](https://www.cnbc.com/quotes/JD) \- 4.8% +6. [Komatsu](https://www.cnbc.com/quotes/6301.T-JP) \- 4.6% +7. [Lockheed Martin](https://www.cnbc.com/quotes/LMT) \- 4.5% +8. [Iridium](https://www.cnbc.com/quotes/IRDM) \- 4.3% +9. [Thales SA](https://www.cnbc.com/quotes/HO-FR) \- 4% +10. [Boeing](https://www.cnbc.com/quotes/BA) \- 3.6% + +Ark’s new fund also includes [Virgin Galactic](https://www.cnbc.com/quotes/SPCE) (1.95% weight) among [its 39 constituent holdings](https://ark-funds.com/arkx), as of Friday. + +Link to full holdings: [https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK\_SPACE\_EXPLORATION\_&\_INNOVATION\_ETF\_ARKX\_HOLDINGS.pdf](https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_SPACE_EXPLORATION_&_INNOVATION_ETF_ARKX_HOLDINGS.pdf) + +Any surprises here? For me it's the inclusion of 3d printing ETF, which makes sense. Also at #11 is Nvidia with 3.3%, #27 is Netflix with 1.25%. I'm not too familiar with the space theme so that's a bit surprising for me. +I’ve recently learned that you can sell puts with much less buying power reduction in a margin account, essentially leveraging 5:1. If I used 75% of my cash selling these levered puts and the underlying gapped down a large percentage, I could be margin called. What’s a good rule of thumb for selling these levered puts? I don’t want to blow up my account. +I think this one would be a wild ride in terms of selling options with a potential spike in volatility. + +That could lead to both short term opportunities and also the danger of getting assigned for some of the "safe" tickers. + +Do you guys prepare in any way for the potential mayhem surrounding the forthcoming elections? +When selling covered calls, you obviously need to hold the underlying in even lots of 100. Unless you're filthy rich, this likely reduces the diversity you could otherwise have in your portfolio. As such, I'm just wondering, how many CC positions do you typically hold at one time? Do you target one stock in particular at a time and go all in? +I made more money picking stocks when high than I ever did sober. I thought it would be a good idea to read the Bitcoin white paper while on different drugs. Obligatory note: this is for informational purposes, I don’t recommend you do drugs. Here’s my experience: + +**Weed, 0.4g indica dominant** + +Made me feel like I understood what I was reading. But really I was forgetting every sentence after starting the next. Terrible for comprehension and no value add. Might be better to have a conversation with someone about crypto rather than reading. + +**Alcohol, 4 drinks** + +I’m actually allergic to alcohol so I get really bad flush and I can hear my heartbeat. This was worse than weed - I didn’t even try to get past the first paragraph. I was just breathing heavily and staring at words. + +**LSD, 200 ug** + +I had to wait until AFTER the peak. Words fly around and would be impossible to read during the peak + thought loops - I didn’t want to be stuck thinking about blockchain for an hour thinking about blockchain for an hour. After the peak I started reading, the letters still wobble but it’s readable. I felt blockchain was the product of human greed - no need for blockchain if financial institutions were honest and not-for-profit instead of trying to profit off every damn fee. Would do LSD again when researching other stuff as it gives you a perspective you hadn’t thought about. + +**Adderall, 30mg** + +Definitely works as you might imagine. I had low tolerance since it had been a long time - actually took a little too much and ended up getting too euphoric. I had waves of pleasure hitting me as I tried to read. After that I was able to focus and read all the way through. Useful if you need to do research on a bunch of coins in a small timeframe. + +**Ketamine, 4 bumps** + +I did 1 line waited a few minutes and turned on those lofi coding playlists on YouTube. Music sounded too good. Took another line and started reading. Idk it felt like my brain was sort of jumbled and I didn’t care to read the white paper all that much. Did two more lines while enjoying the music. Ended up in a khole and obviously didn’t finish. But IT was cool, I “saw” the blockchain. Bad for reading. + +**Cocaine, all night** + +I kind of imagined it would be like adderall where I would get focused enough to read in the beginning. Ended up just doing the entire bag in one night and talking with my flat mate about financial freedom and how I would create the next coinbase / binance. Now that I’m sober, no I won’t lol + + +That’s it! + +Tldr; adderall and lsd ranked best when reading the Bitcoin white paper +&#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/) +* The company added 2.22 million monthly active users so far in 2020, while in 2019 it added 1.99 million, according to Bernstein’s estimates. +* The company recently removed a 40-minute limit on meetings of more than two people for free users in China. +* Zoom shares are up 40% in February, on pace for their best month since Zoom went public in April. + +https://www.cnbc.com/2020/02/26/zoom-has-added-more-users-so-far-this-year-than-in-2019-bernstein.html +Hey apes and apetesses, + +This is not counter dd, not even dd. Its just a clearification about the differences what many apes missed by fomo. +Like titled, record date is not equal to share recall (date). +The record date is the date on which the board decides about dividend payment amount and else. +Its not the date to cover shorts. +Furthermore the record date is much more a deadline for an ecentually happening share recall. +They could do it next monday, thursday, on 04/20 or maybe they dont. +So please, dont stick to a date with wrong assumptions. +Last year gme made a recall, this year we still dont know (although its likely). +Furthermore, if a share recall is announced, hedgies dont need to cover at this instant. Last year they started something like 3 days later. + +Please use google, you can check that in 20 seconds before posting trending things here. +Be an educated ape, have 1 or 2 wrinkles. + +Gme is gonna moon, but we dont know when. I dont want apes to panic after 04/20 - predictions on a not predictable situation are worthless and melvin like. +Dont be like Melvin. + +Apely regards. + + +EDIT 1: SORRY for grammar an may be some missunderstanding here: the shares must be recalled by yourselve with your broker. The active part here is up to u, not to gamestop (if ure not an insider/institutional owner). +U got time till 04/20 to do so, the record date is the deadline (ur brokers may need some time, so be fast). There are already post for different brokers how to do it. + +EDIT 2: wishes for TLDR: BUY, HOLD and write ur broker to recall ur shares, deadline 04/20, so be fast. +Not financial advice, just had some beer. +BEFORE READING THIS; I DO NOT SUPPORT CL ANYMORE. AFTER READING SEVERAL COMMENTS HERE, I DECIDED NOT TO TAKE THE RISK. THE WEBSITE LOOKS GOOD BUT THERE ARE TOO MANY RED FLAGS, HOPE THE REST OF THE PICKS COULD HELP YOU OUT (IN MOST CASES YOU ONLY NEED 1/2 TO WORK OUT) + +Your reddit colleague MagellanFall asked me to repost this article here:) After my recent successes on predicting altcoins like SUB, WABI, VIBE, FUN, LINK, LEND, GVT, PRL at their earliest stage; I am planning to start sharing my picks here as I know that most people are not investing fulltime and do not have the time to research all these companies/coins -------- please also follow me on twitter @NootFan where I will post more often and faster. + +My Picks and why: + +* CCO 4M: Already mooned from 1 to 4M since the last time I wrote about it. E-commerce technology that allows you to purchase online with cryptocurrency without paying any fees using their token. - Only started since November; a real underdog long-term hold but with the possibility for 100+ gains. Now only on Etherdelta and Mercatox but is expanding fast to other exchanges. + +* SEND 16M: Sharing Send coins through social media platforms it is a serious competitor for ReddCoin (RDD) which already has a market cap of 700M, so if it only goes half as big you are already 20X - They already integrated with Facebook and are very progressive in the roadmap and communicative on the different social media. - This one is a real steal as it is only on a few exchanges with not that much attention yet. + +* ICOS 26M: Making investing in ICO's easier and with a discount using their coins for other ICO projects. Now currently to invest in ICO's it is not that easy and this makes it easy; it is a kind of exchange for ICO's.... This company has really a dream team with advisors like the CO-Founder of LinkedIN and Techcrunch - This coin can sky rocket to 1 billion, when it gets to bigger exchanges. + +* ATL 18M: Real estate on the blockchain, being able to buy houses, cars in a decentralized way: looks better in most aspects than competitor Propy which has just mooned up and is at a 80M Cap - I see this coin easily 15x in these months + +* LUX 25M: Completely rebranded recently, with 3 products and just releasing a new PoS Web Wallet. Their coins uses10% less power due to their new algorithm which is a major concern, it is private and faster. (serious contester to Verge but without the FUD). - Very low circulating supply, very fast company growth/development, good whitepaper and a clear trackable roadmap. + +* OTX 6M: A real underdog project but very active; a venture builder company that develops several games where the OTX tokens will be used, the company, the company will be announcing new exchanges one of these days, which will shoot up the price really fast. - I believe it will 5/8 X in the couple of months. + +PLEASE PROVIDE FEEDBACK ON OTHER COINS/COMPANIES IN A SIMILAR WAY! +From: Satoshi Nakamoto <satoshin@gmx.com> Sat, Apr 23, 2011 at 3:40 PM + +To: Mike Hearn <mike@plan99.net> + +I've moved on to other things. It's in good hands with Gavin and everyone. + +I do hope your BitcoinJ continues to be developed into an alternative client. It gives Java devs something to work on, and it's easier with a simpler foundation that doesn't have to do everything. It'll get critical mass when impatient new users can get started using it while the other one is still downloading the block chain. +I’ve been trading since 2017 and definitely have lost more money than I’ve made. Gotta pay to play and learn, and learn what strategies work for you. + +Edit, I’ve technically been trading since 2017, but of that I’ve been trading for about 2-2.5 years due to breaks in the beginning, military deployment, initial training, etc. + +I have a normal job, but I’m an avid trader when I find an opportunity. Since may, I’ve turned $500 into $2,022 (now just under 1,700 lol) strictly following my new rules and strategy. I started a new trial account to test this strategy and it’s been working well, hopefully I can keep this up. + +On Friday, I got antsy and decided to force a trade I was very uncertain of. I put $700 into same day spy puts at the “double top” and lost, taking a bit hit. + +I doubled down and decided I would go even bigger and recoup my losses and lost again. + +Lesson relearned lol. Been a long time since I screwed myself like that. Don’t force trades, don’t get emotional and follow your rules! + +Also mad cuz I missed my NfLX scalp at like 233.77 today, my order didn’t fill. +This will probably be downvoted to infinity, because "he's spreading FUD", and everyone wants crypto to "moon" (as do I), but I think this is a major development in the world economy where it would be naive to think it won't affect us crypto investors. So, bracing for downvotes, here goes: + +**There are crucial events unfolding in China right now, with one of the largest real estate developers in the world (Evergrande) being unable to meet its debt obligations partly due today, partly due on thursday. All in all, it's created a debt monster of 300 BILLION that it is unable to pay off. The stock was trading at $30 four years ago, $20 a year ago, and today it's trading at $2.** + +I guess crypto isn't the only place for 93% drops, huh? + +Because of this, there's significant uncertainty in the markets, and this could well affect crypto. This might've even been the cause of the recent dip we just had. + +**So, how can the bankrupcy of a Chinese real estate developer affect crypto?** + +* Since Evergrande won't be able to make its debt payments, the holders of this debt (banks) lose a lot of money, and they'll likely cover by selling other assets, which will drop in the price as a result. This could mean a whole variety of assets - bonds, stocks, etc. Who will be hurt? Institutions. The very same institutions that are heavily invested in crypto right now. It could be that institutions are dumping crypto right now in preparation to deal with the fallout that'll come from Evergrande. If they're not dumping right now, they may start when the fallout hits. +* Re-enter Tether FUD - we all know they're not mostly backed by US dollars, but to a very large extent (around 50%) by unspecified commercial paper - the very same paper that'll likely be hit significantly by the fallout from Evergrande. This could drop the value of Tether, and we all know how massively the whole crypto market relies on Tether. + +So will a massive crash happen? I don't know. My crystal ball is as good as yours. But I think it's worth being careful and rational. I would advise you to keep an eye on how the Evergrande situation develops. + +What do you think? Did I miss something? + +EDITS: + +1. $300 billion may not seem like a lot, but to put this in perspective, Lehman Brothers which triggered the 2008 crisis was 620 billion in debt, and 640 billion in assets. The question is how much of a cascade effect this loss of $300 billion will create in the markets through leveraged traders getting liquidated, as well as the whole derivatives market being affected by it. I don't think it'll be a repeat of 2008, and someone rightly said 600 billion was a lot 13 years ago, but it's naive to think 300 billion at this day and age is nothing. Big stock indexes are dropping. Look at SPX for example. Why is SPX getting affected by it, if "300 billion is a drop in the bucket"? No, this will probably be not a repeat of 2008, but it will most likely significantly affect the markets (it already HAS), as well as crypto. +2. Thank you for the awards. It makes me happy that others see value in my writing. +3. Holy shit. That's a lot of awards :O +I am looking at a marketing package and am looking to develop a framework/system for finding the value add opportunities in the deal.  + +In the marketing package, I am looking at right now all 4 units are 1 bedroom/ 1 bathroom with a front and back door and balcony space. + +In total the property commands 3340 Sq Ft - Which equates to 835 Sq Ft Per unit. I know that this means I can add another bedroom because bedrooms are typically 200-250 SQ Ft.  + +I believe 2-bedroom units are always more in-demand, easier to rent and the difference in rental income is very significant.  It takes a very insignificant amount of time and money to paint 1 more bedroom. + +Overall - I am looking to develop a framework for the top elements to look at in these marketing packages that I can identify as value add opportunities. + +I hope this all makes sense - Thank you in advance! +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 $2.10. + +**Analyst target:** KTRA has a rating of **buy** on marketbeat, yahoofinance, marketwatch. + +**Their Platform Strategy** + +"Our platform strategy is built on a robust understanding of cancer biology. We use modern approaches in our laboratory studies to determine where we can solve problems in the treatment of drug and immune resistant cancer. + +Our team has identified niches in the continuum of care where our therapeutic may address an unmet need. By showing that our treatments are active where others fail, we can implement clinical studies to demonstrate that our therapies may have the ability to improve patient outcomes." + +Sources: + +[https://www.kintara.com/about](https://www.kintara.com/about) + +[https://finance.yahoo.com/quote/KTRA?p=KTRA](https://finance.yahoo.com/quote/KTRA?p=KTRA) + +[https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity](https://www.nasdaq.com/market-activity/stocks/ktra/insider-activity) + +[https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw\_quote\_analyst](https://www.marketwatch.com/investing/stock/ktra/analystestimates?mod=mw_quote_analyst) + +[https://www.biopharmcatalyst.com/calendars/fda-calendar?#](https://www.biopharmcatalyst.com/calendars/fda-calendar?#) + +&#x200B; + +My position: 6.2% of portfolio @ 2.06 + +NB! I'm not a financial advisor. This is for gambling purposes only + +&#x200B; + +**EDIT: If you can get an entry below 3 ur a lucky bastard** :D + +Good luck on withdrawing profits and rejecting all the women who are after your money! +$RYCEY = 100+ yo company + +£9.1b CASH on hand + +£9.4b Market Cap + +Previous $20.00+ + +Now $1.50 + +&#x200B; + +Record ACCUMULATION @ historic low stock price for this 100+ yo Global Conglomerate: + +[MASSIVE ACCUMULATION off historic all-time covid & travel lows. Should recover into Q2 with MASSIVE UPSIDE potential here!!](https://preview.redd.it/n0knpom72ys61.png?width=935&format=png&auto=webp&s=a0d4df7649ad1914bfcf474213a8e211868ac65e) +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. +# Time is the most valuable asset in the world. Your time is limited, and you can not do anything about this. + +Days are passing, and they are gone forever. Becoming a parent 7 years ago taught me this lesson. Kids are growing fast, and you can not go back, just forward. + +This week I liquidated a reasonable part of my Bitcoin investments. I have been carefully stacking the sats for 5 years now, lived through ups and downs, holding all along solidly. My liquidated profits add up now to 10 years of my normal salary. Well, 10 years of my previously normal salary. + +# Because today I left my job. For good. At least for 10 years. + +I want to spend the next 10 years being there for my kids, watching them grow, and being there for them completely. **I will not be the occupied and preoccupied dad sitting at the dining table responding to work emails. I will not be the distant dad always thinking about something very important. Not any more.** I want to be the dad who has always **time**, at least for the next ten years, while my kids will still be children. + +# Time is important, and Bitcoin bought me time. Time to live freely and fully, without the daily stress of earning for the next ten years. + +**Bitcoin is a miracle. For some, it creates Lambos and Teslas, for some it means yachts and airplanes. To me, it is a time machine.** Nothing ever in my life gave me back my time, nothing until Bitcoin came along. + +A wonderful thing is happening around us, Bitcoin is turning the traditional wealth distribution of the world upside down. It is democratic, it is unconfiscatable, and it is there for everyone. + +I will hold to the rest of my sats until at least the next 10 years. Hope they will provide me with some further relaxing time. + +\---- + +PS: seeing the comments, okay okay, it is not just about the kids, time will be used for self-development and also for doing some good in the world as well, I did not say I will do nothing now :) +Have any company owners/CEO’s seen success in incorporating programs to promote health, well-being, and productivity among their employees? I currently offer employees a full gym (weights, rower, turf sleds, peloton treads and bikes, cold plunge tub, etc) and 24/7 teledoc service. I want to incorporate mindfulness training or an element that is more than just “physical”. Any feedback and/or ideas would be great. +I spoke to Amex last week about potential retention bonuses to keep me from downgrading to Gold, on the basis of the recent news regarding Amex Gold cards getting £120 worth of Deliveroo credits per year (which covers almost all of the £140 annual fee for those who use Deliveroo), and the pandemic likely affecting the use of Amex Platinum travel-related benefits for at least another 6 months. + +The CS rep mentioned the various cashback promotions available, but when I pointed out that these covered barely 1/3 of the cost of the card, they immediately offered me 50,000 MR points (equivalent to c. £250 in cash) as a retention bonus with no questions asked. + +Your experience may vary of course, but imo for Amex Platinum cardholders this is definitely worth raising in a call with Amex! +Hi AusFinanceGang, + +Just wanted to document my attempt at putting in an offer for a house tonight in **Perth**, and get some feedback / your thoughts. Looking back perhaps we could have waited a little longer as the property has only been listed for a short amount of time. + +Viewed the house on Sunday, booked in a private inspection for Wednesday afternoon, to view the house again and put an offer down. The house is listed 'From $559,000', tried to put an offer in at $505,000. The real estate agent mocked our offer, said it would be an insult to present to the seller and told us to call them if we have a better offer and left it blank. Told us to look at the repayments on the loan we would be getting and how easily affordable it would be to just offer more with rates being so low. The agent spouted on about the housing market really picking up, etc. We had to sign a document about multiple offers being presented to the seller, so we have to put our very best offer up first and we should rethink our offer. We had to document how much of a deposit we will be putting down for the house, and we are to put a $5,000 to $10,000 deposit down, held by the agent if the offer is accepted to show we are serious and tie us to the property. + +This was the first time putting an offer down on a property, and my partner is just shook at the whole experience. Not sure what I was expecting, is this the norm? Anyone else have an experience to share? +Disclaimer: I'm relatively new to crypto, only getting into it around October/November of 2020. I was too young to get into it in 2009, 2013 or 2017. But ever since I learned about dollar cost averaging, my life has profoundly changed. I had worked different jobs before, sometimes part time, sometimes full time, but last October I started a new job and with the money I earned from that I was able to invest in crypto. + +I realised today that not only has this money that I invested in BTC, ETH and then a few of the more dominant altcoins led to profits from me [albeit as of yet unrealised], but the money that I have dollar cost averaged this entire time, almost six months ago, is money that, prior to getting into cryptocurrency, when I was working other jobs and stuff, I would have simply spent on alcohol or clothes or whatever. For the first time in my life, this is the most money I have ever had to my name. And don't get me wrong, it's not a lot of money by most standards, but it's life changing or me to be able to see that discipline and restraint can lead to a fund that I can fall back on. Not only is crypto an investment for me, but it's also causing me to save money I would otherwise spend, and is making me more financially secure because of it. + +Just wondering if any of you have experienced the same thing? +So I quit my job today. I have another job lined up which pays more but they have extended my start date till the 6th of June. + +I was constantly getting verbally abused by customers at my old job and I couldn’t take it anymore. So I just got up today and resigned. Felt great till I remembered I have bills to pay. + +I also double burned myself because I remembered my new job pays monthly so I’m basically looking at no income till the 20th of June. + +I currently have debt payments that need to be met as well as general bills. + +Iv been burned in the past getting out payday loans (which I am still paying off) but now I am in need of desperate cash. + +Centrelink gave me an estimated payment start date of 25th of May which is already too far out. + +I know I’m an idiot but my mental health was suffering I couldn’t take another day at that job. + +So now I’m faced with the uncomfortable decision….should I apply for some type of loan with either a payday or bank just to keep everything afloat while I get back on my feet? + +Please help. + +EDIT: wow I wasn’t expecting so much help and replies. You all are awesome made me really rethink that I’m not totally screwed ! Thank you 😊 + +EDIT2: I went to sleep thinking this post had given me enough advice to get through then to wake up to the abundance of concern and advice really Brought up my spirits. I’m going to see what I can do with Centrelink and also see if I can pick up a simple temp job in the mean time !! Thank you all once again. +I know most of us budget almost everything so we can keep track of the coming and going of money but my question is at what annual salary figure did you just stop budgeting because you knew you had nothing to be concerned about? +[re-posting after removing some personal identity info] + +I am tech person in the bay area at ~3M NW, starting to make $1-1.5M per year through my job. I have no other side business, no property (renting still), and most of my investments are in a mix of stocks, 401K, RSUs, etc. + +Over the last few years, I've been paying a large tax bill (as expected) and generally have had little to no ways to save on them. In 2021, I sold some RSU which further grew my tax bill a ton, only for 2022 be a down year leading me to utilize margin line/PAL to stomach the tax bill. + +I'm interested in ways I can reduce some of my tax bill. I assume if I had invested in a house then I'd save some tax via mortgage, etc, but I also am generally hesitant in investing in real-estate as part of my FIRE strategy coz RE is less liquid and requires more maintenance, etc. + +I assume there are strategies to manage the tax bill for my situation and goals. Are there resources fatFires would suggest I check out? Should i be connecting with CPA/wealth management professional for advice? +edit: + +I'll add some helpful details and a comment summary here since this post got a little traction: + +-Apparently this is a rate that I'm getting screwed at and one that I just accepted up until now + +-I'm with Wells Fargo, but it appears that it's not the only major bank with such a low interest rate + +-People in this thread are recommending Ally, Discover, and Capital One, which all have rates of 1.15%-1.2%. Some do have some requirements about how long it takes to transfer money and minimums you need for an account though. + +-Other people are recommending investing, which sounds like a good option once I have a bit more + +-NerdWallet and BankRate are two sites with helpful information for comparison here. + +-For those of you that hate math, if I switch over to a bank with a rate at 1.2% I'll be getting over $200 per year instead of $1.80. Holy shit. + +**edit 2:** Just to clarify, I'm reading every comment in my inbox. I appreciate all of them, it's just there's a bajillion of them so instead of thanking everyone personally I just wanted to say thanks here. +Hi PF! + + + +In November last year, I decided that I would take extended time off work to spend time with my long distance (Transpacific) SO in California. I preferred unpaid leave because I believed it’d improve my chances with US Border Control (demonstrate intent to return home), and also since I would rather keep a bird on hand and my options open. + + + +I managed to pull it off without burning a hole in my pocket, so maybe PF will enjoy my tale (all figures in USD)! + + + +**Phase 1: Laying the Groundwork (aka, research and negotiate)** + +I’d been working in a fairly large organization, where extended unpaid leave was rare, but did happen. There were no HR guidelines or formal process, so I dug around, speaking to people from HR, people who knew people who tried taking time off. I found out that taking time off “to accompany a spouse overseas on temporary assignment” had a high-hit-rate while bearing the closest resemblance to my own reasons. I also knew that I had some leverage including being generally high performing (and since HR was measured on negative attrition, they had a vested interest in keeping me from leaving). + +So I made my request sound as close as I could to the proven narrative, while remaining factually accurate (in effect making it seem that my SO and I may be closer to getting married than we actually are). I also reiterated that I desired to stay and grow with the organization in the long term, but it was also balancing this intent against the shorter-term exigencies of being long distance with my SO (hinting that I would consider resigning as a last resort). + +The process of getting support involved multiple conversations with supervisors and bosses, HR and higher levels of HR. It took weeks for me to get the approvals, and many more weeks to lock down an actual period and start date. + +In the meantime, I read up on long-term visa options for the US, horror stories about US border control, etc. Alas, my visa bid for a longer-term (6 mth) visa was not granted (embassy staff said I would need to be visiting my family / spouse to qualify), which sent a $200 processing fee down the drain ☹. My only option was to enter the US on an ESTA, which meant staying 90 days at a time, and managing the risk of being denied entry by border control in subsequent visits. + + + +**Phase 2: Making a Plan (aka budget like crazy)** + +With a date in clearer sight, I was starting to crap my pants, because holy shit this is happening. I’d never been one for very detailed budgeting and tracking, but I knew this would be an expensive year, with only 4+ months of guaranteed income. On the upside, generally healthy PF habits have left me with no debt, an emergency fund, some money set aside for retirement/investments, and some liquid savings in various high-interest savings accounts. My financial goal was to make it through the year without drawing down on my savings. + +This was how I saw my financial situation: + +***Guaranteed income for 2016***: ~$24,000 (4.5 months salary + bonuses from work last year) + +***Budget for 2016***: $23,450 + +***Lumpy Expenses (Annual Budget)*** + +- Flights & Related Costs: $4200 (2x long haul return flights) + +- Healthcare: $500 + +- Clothes: $350 + +- Personal Care & Hobbies: $800 + +- Gifts: $500 + +- Income Tax: $1000 (my tax is billed after year of assessment) + +- Emergency Fund / Contingency: $2000 + + +***Recurring Expenses*** + +- Accommodation in the US: $500/mth, 6 mths [SO said I shouldn’t pay for accommodation, but I decided to budget for it anyway] + +- US Phone Line: $30/mth, 6 mths + +- Rent & Phone (Home): $600/mth, 12 mths + +- Food: $200/mth + +- Transport: $60/mth + +- Entertainment: $50/mth + + + +**Phase 3: Hitting the Tracks (pun intended)** + +To keep track of my finances, I started an excel workbook with the following itemized and categorized spreadsheets: + +- expenditures + +- income + +- holdings + + +The data from these spreadsheets were summarized and consolidated into a overview page which provided a month by month breakdown of my expenditures, incomes, holdings, tracked my cumulative savings/debt for the year, and gave a rough sense of my overall net worth. + + + +**The Result** + +***Actual Income for 2016***: $35000 (and ~$4000+ expected in December) + +***Actual Budget for 2016*** (extrapolated from 10+ mths actuals): $24,200 + +***Lumpy Expenses (Total for the year)*** + +- Flights & Related Costs: $4500 *(+300 from budget)* + +- Healthcare: $900 *(+400 from budget)* + +- Clothes: $1300 *(+~1000 from budget)* + +- Personal Care & Hobbies: $1500 *(+700 from budget)* + +- Gifts: $1000 *(+500 from budget)* + +- Income Tax: $1200 *(+200 from budget)* + +- Contingency Money: $100 + + +***Recurring Expenses*** + +- Accommodation in the US: ~$500/mth, 6 mths *(no change)* + +- US Phone Line: $35/mth, 6 mths *(slightly more than budget)* + +- Rent & Phone (Home): $600/mth, 12 mths *(no change)* + +- Food: $175/mth *(slightly less than budget)* + +- Transport: $55/mth *(slightly less than budget)* + +- Entertainment: $40/mth *(slightly less than budget)* + +I ended up keeping fairly close to budget, but splurged a little on some of my discretionary spend, particularly doing some travelling within the US, shopping for cold wear, work clothes, and high quality clothes/shoes for camping, and because I got into gardening. + +In our initial plan, my SO insisted that I should not pay for accommodation, but I had budgeted for it anyway. Along the way, some crazy shit happened but in short his mum became flat broke and homeless, moved into the half of his duplex that was meant for rental out. She stayed rent free and borrowed money. He didn’t want to burden me since I was technically unemployed, so I ended up squirreling money to him through a seemingly neverending stash of cash I had in the house. I also spent less on food, transport and entertainment than expected since we spent a lot of time cooking, cuddling and watching Netflix. + +On the income front, I ended up earning more than projected in part because I didn’t count on returning to work immediately after my break, and also from the following: + +- taking up illustration commissions (~$2,000) + +- interest and dividends (~$2,000) + +- nice relatives who were worried I might run out of money and stuffed me bunches of cash (~$1,000) + +- more bonus than I expected (~$2000) + +- selling stuff (~$200) + + + +**Random things I learnt along the way** + +- Manually keying in expenditures definitely made me a lot more mindful of my spending, and think twice about splurging on things I don’t need. I highly recommend it! + +- Being prepared goes a long way. On my second leg back into the US, the border control officer held me back for a bit since I’d just spent 90 days in the US fairly recently (I buffered 2.5 weeks before returning). But when I whipped out my binder with documentation for every visa guideline (ESTA, flight tickets, travel insurance, employment letter back home, approval of leave dates, last performance appraisal, latest statements of all my savings, retirement and investment accounts, and pictures with my SO, etc.) he was like whoa, ok. I guess you did your homework, and he let me through pretty much immediately. + +- It’s 100% worth spending on items of good quality. During the trip, I got a pair of very good, very waterproof hiking boots ($70, on sale!), and it feels amazing waddling through streams without having to worry about my feet getting wet! + +- Plan using only your guaranteed income, and budget with contingency in the picture. Living the plan gets a lot less stressful when any additional income becomes a bonus, while unexpected emergency expenses are soaked up by your contingency budget. + +- Looking for work in the US is really hard! I tried testing the waters and sent out my resume, customized cover letters, etc. to maybe 50 companies. Most didn’t reply, some rejected me, and I got a grand total of two (informal) interviews from companies that weren’t actually keen to consider me at all (cause of visa), but thought my CV was interesting enough to meet me. Welp! + +- It feels pretty damn good to be on the airline priority list. It is an inexplicable joy exiting a long haul flight and seeing your luggage be one of the first out on the belt. If you fly often, don’t forget to sign up on a frequent fliers program and be sure to claim your miles. + +- Sometimes life sucks and you just have to deal with it. ☹ Prior to my rejection at the US Embassy, I had tried calling them, and emailing them to clarify the visa eligibility and guidelines specific to my situation, but they gave unhelpful and non-committal replies that neither affirmed nor denied my eligibility, and stated that I should make an appointment with a visa officer who could better assess my request. Unfortunately the Embassy is not like a place where you can call in to demand that they process a refund / fee waiver. + + + +**TL;DR**: I took six months off work to spend time with my long distance SO in the US. The goal was to be budget neutral this year. I made it through with net savings of $10,000, while picking up new hobbies (gardening), great experiences in the American outdoors, and some pretty cool learning points relating to budgeting, planning, employment, immigration and being prepared in general. + + +*edited for formatting* + +EDIT: + +Holy crap, i woke up this morning and my inbox was totally flooded. I've been responding to comments, but am back home from work and can do a proper update. + + +1) Several of you asked if some of the things I did were legal. I clarified this in some of my responses. Basically, I did my best to research as much as possible, keep within the legal limits of what my visa type allowed me to do, and err on the side of caution when in doubt. For instance, taking on commissions only in my home country, keeping most job hunting activities outside of the US, and returning home with some buffer during the course of 6 months so I did not overstay. When in the US, I didn't work, but I did try a bit to fish around for possible future work opportunities. As I definitely did not wish to run afoul of immigration policy, I kept any job-related enquiries general, informal and exploratory, while caveating my emails / letters with my visa situation and how I was open to exiting and entering the country on a different visa if they would sponsor me on a valid employment visa. + +2) Some were curious as to how I eventually tracked my budgets and 'kept to plan'. There's a lot of very personal information in my 2016 sheet that I don't feel comfortable sharing, but here's a cleaned up version of the spreadsheet I made, with some placeholder info in each of the tabs to show how it works. The overview page is automatically populated by subsequent spreadsheets [Spreadsheet here](https://drive.google.com/open?id=1uuyj3JQrkj-wWdOz6VOzvE5sLGBHrcRrTN_RFU1LlHo) + +3) A few mentioned that you are in a similar long distance relationship with someone in a different country, and would like to do something similar in future. I thought that you might find a cleaned up version of my projection spreadsheet, with placeholder information useful, though you may need some excel knowledge to customise it for your specific purpose. [projection template here](https://drive.google.com/open?id=1X6ThpIFXEfo-kB0iob_Xiq4U3K5NBl9Z7xwHdg-Pe1Q). + +4) Yes, I am still with my SO. We're back to being long distance, but are very happy with each other. + +5) Feel free to ask more about the spreadsheets, or use / adapt them. Do be kind.These were not designed to be templates for general use, and are certainly not the most intuitive or user friendly sheets out there. +My wife and I have been aggressively saving for retirement (maxing out 401K+IRA) for the past 6 years and thankfully it has put us in a position where if we never saved anymore for retirement I think we would still hit a normal retirement with enough to cover our expenses. We have about 400k in there now, are in our early 30s so if we decided to retire in 30 years, we should be able to safely withdraw 100k a year for the rest of our lives. + + +This has been especially helpful because I have been looking at transitioning jobs, and with the current market it might be a few years before we get back to the income we are currently at. Long term I will make more than both of us combined if things go to plan but I was terrified of this transition. + + +Hardest part for me has been stepping back and saying, it is not the end of the world if we don't max out retirement savings for a few years. I am willing to drive a beat up car, and live a simpler lifestyle, but the thought of not throwing 50k towards retirement really made nervous. + + +But the quality of life difference in switching jobs is substantial. It would mean much more time at home, and now with kids that is becoming more of a priority. + + +Overall, step back every now and then and evaluate how you are doing. If you are ahead of schedule, would changing things benefit in other areas of life? What are you sacrificing by pushing for FIRE? If you can pursue FIRE goals while still maintaining a healthy lifestyle with family/friends then great, but if not don't miss out on what is important just for a excel spreadsheet. +The reality is a lot of scam coins here, while they will pump, have nothing else to offer once the dump occurs. You're lucky if you get out with a profit once the dumping is over. This coin, SNFT, is going to bounce into the stratosphere given how undervalued it is (0.8c roughly), and then is going to find a great middle where it slowly climbs. + + + + +This is because the coin is not only going to gain value as the team works to develop the roadmap--and it's a very good roadmap. But because the coin has a long-term compounded yielding mechanism that is also deflationary and there are token buybacks and burns. This means people are literally getting paid to hodl longer and longer. The financial mechanism of the token is designed to get people to stay in the project longer for more money. Which is even further reinforced by the roadmap with real value coming up. + + + + +It's looking to be a NFT marketplace that vets people, prevents IP infringement, has partnerships, and could capture a huge share of the market. There are a lot of big projects like OMI, but what if you're just a regular artist, not a big IP. You're probably going somewhere else. These guys are going to create the middle-ground market. Not completely unfiltered crap like Rarible (that proper artists don't really like because Rarible allows IP theft), and not huge partnerships like OMI. There is a big middleground there. + + + + +**How to buy** + +[https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45](https://www.unicrypt.network/amm/uni/ilo/0x4cC177CCE7e533D3f7189Bac202Ad86107a8FD45) + +Connect your wallet and buy. After ILO there will be a burn if it doesn't hit hardcap which ends March 17th. + +[Seedswap.io](https://seedswap.io/) + +Telegram etc are on the website. +As I have been scrolling through the towel and gme subs this weekend I have been more and more reassured that we are near the end. I obviously don't know any dates but it seems like it is all coming to a a head soon. All these posts, non-stop Fear Uncertainty and Doubt being sowed into the narrative, as well as brigading from the losers at WhoreShitBoners. + +Now I know seasoned holders are immune to these pathetic attempts to affect your opinions and behavior but for the newer members I assure you it's all bullshit. Everyone of these posts and comments is meant to distract from the simple truth, these stocks are heavily shorted well over 100%, no one has covered and they need people to sell in mass to get out of this, which they won't. + +The other reason this makes me laugh is how pitiful the attempts are. They are blatently obvious and poorly organized. This means they are running out of money to pay proper shills. Or better yet they are just convincing peoppe in other subs to come do it for free. Since this is an attempt at stock manipulating, they might be on the hook and probably aren't even getting paid. + +Buy, Hold, DRS. That's all you need to know. +# Update - Issue Resolved! + +*Please scroll to the bottom of the post for details.* + +# This is Not FUD, I'm Still a Believer + +Before I really get into this, I want to make it clear **I still strongly support GameStop and their upcoming NFT Marketplace**. I even am still very excited about Immutable X and Gods Unchained, and I plan to keep playing and acquiring cards and $GODS. + +However, based on my recent experience with Gods Unchained on the Immutable X Marketplace, I do have a few major concerns. I very much hope the GameStop NFT Marketplace does not suffer from this particular insidious bug that plagues the Immutable X Marketplace. + +# Synthetics, Spoofing, and Broken Price Discovery + +It's very disturbing how similar this feels as I dig into it to synthetic shares and having no way to know which are real. In this case it's a marketplace full of card for sale listings with a lot of them that you can't actually buy, as the listing is "broken". + +Much like the stock market we are then left with a fundamentally **broken system for price discovery**, as there are countless "broken" listings that appear to show a typically much lower price than is accurate with respect towards what people are truly willing to sell for. So, you have no good way to evaluate what price to set if you want to sell a card, since you're going up against a ton of effectively **"spoofed" orders**. + +# Very Basic Background + +I'll try to ease into this simply yet quickly as many apes may not yet be all that knowledgeable about Gods Unchained or the Immutable X Marketplace. + +Gods Unchained is the flagship NFT game from Immutable X and a key player on their Marketplace. It's basically a Collectible Trading Card Game (CTCG) quite similar to *Magic: The Gathering* or *Hearthstone*. + +You can be rewarded for winning by receiving packs of cards. Most of those packs contain only "plain" quality cards, which may not be traded (are not backed by an NFT). You can spend an in game currency (flux) along with some $GODS (a valuable crypto currency) to "fuse" a pair of identical "plain" cards into one card of "meteorite" quality, which on the back end is accomplished by way of minting an NFT for that particular card instance. + +So, cards of "meteorite" or better quality may be traded on various NFT marketplaces, primarily the Immutable X Marketplace. + +# The Example + +So, let's say you decide you'd really like to add a "Guild Enforcer" card to your collection. You've already got everything all set up and even bought another card on the Immutable X Marketplace just a few minutes ago. So, you know your wallet is connected properly and everything is good to go. + +So, you hop on [https://market.immutable.com/](https://market.immutable.com/) and search for "Guild Enforcer". You want to pay with $GODS, and you want to buy the cheapest instance, so you select those options accordingly. Here's a link to exactly such a query: [https://market.immutable.com/assets?collection=0xacb3c6a43d15b907e8433077b6d38ae40936fe2c&currencyFilter\[buy\_token\_address\]=0xccc8cb5229b0ac8069c51fd58367fd1e622afd97&sort\[order\_by\]=buy\_quantity&sort\[direction\]=asc&keywordSearch=guild%20enforcer](https://market.immutable.com/assets?collection=0xacb3c6a43d15b907e8433077b6d38ae40936fe2c&currencyFilter[buy_token_address]=0xccc8cb5229b0ac8069c51fd58367fd1e622afd97&sort[order_by]=buy_quantity&sort[direction]=asc&keywordSearch=guild%20enforcer) + +You'll see something like the following for the results to that query: + +https://preview.redd.it/yhec4gvb7yj81.png?width=714&format=png&auto=webp&s=3cd635f035119e8c6670df02363f88463f901c83 + +So, you of course click on the first card, with the lowest price, of 0.39687 $GODS. That takes you to a page like this: + +https://preview.redd.it/4dflccid7yj81.png?width=831&format=png&auto=webp&s=ce08af01003ab7c56076eb24186c9c32e3801784 + +The card shows as "Available" and the price looks good, so you click "Buy now". That takes you to a confirmation page like this: + +https://preview.redd.it/71eab4lf7yj81.png?width=480&format=png&auto=webp&s=dfef0c91120a65a344143d26f4247a1139e189bf + +You click "Confirm", which brings up your MetaMask extension prompt to sign for your purchase, which looks like this: + +https://preview.redd.it/zwtv658h7yj81.png?width=209&format=png&auto=webp&s=a3800b593477959c9edc748e8cae9f4eb320c916 + +You click "Sign" and prepare to take ownership of your new "Guild Enforcer"! + +However, you are met with the following: + +https://preview.redd.it/ytok61ni7yj81.png?width=470&format=png&auto=webp&s=688bc1255dec744691f2c8030b2b6b5d26955f31 + +# The Aftermath + +You spend the next many hours/days/months trying to figure out why you can't buy this card. You run across countless stories of others having the same problem. Most such threads end with someone reporting that this is just "glitched" or "bugged" that there are these "ghost" cards for sale. Many of these "ghost" card listings have reportedly been around for months, and some cards only even have "ghost" listings with no real version for sale at all. Everyone seems to have resorted to just keep trying to purchase each listing, working their way upwards in price until one finally goes through as a successful purchase. + +I find this a horribly unsatisfactory solution. The worst part about it is actually from the seller side. There's no effective way to accurately discover the true price as the order book is full of bogus low ball offers, which appear exactly like real offers. It may truly be just a bug and not malicious in nature, but the end result is basically the same as from spoofing. + +# The API Rabbit Hole + +Here's where I really took a deep dive down the rabbit hole. I discovered that many people received advice from official support representatives that you can check for these "ghost" sell orders by way of using their API. Here's an actual quote from my own support email thread: + +>We recommend you try purchasing other copies of the item to avoid this error. You can check yourself if it is ghost listing items via this API: +> +>[https://api.x.immutable.com/v1/orders?sell\_token\_address=SELL\_TOKEN\_ADDRESS\_HERE&sell\_token\_id=SELL\_TOKEN\_ID\_HERE](https://api.x.immutable.com/v1/orders?sell_token_address=SELL_TOKEN_ADDRESS_HERE&sell_token_id=SELL_TOKEN_ID_HERE) +> +>For example, with this card [https://market.immutable.com/assets/0xacb3c6a43d15b907e8433077b6d38ae40936fe2c/138007446](https://market.immutable.com/assets/0xacb3c6a43d15b907e8433077b6d38ae40936fe2c/138007446) 0xacb3c6a43d15b907e8433077b6d38ae40936fe2c is the SELL\_TOKEN\_ADDRESS and 138007446 is the SELL\_TOKEN\_ID +> +>If the status of the card is "active", it is still available in Marketplace for trade. In contrast, if the status is "filled", it cannot be bought now. + +So, following that advice, I took that token address and token ID and filled in the template for the API URL, which resulted in [https://api.x.immutable.com/v1/orders?sell\_token\_address=**0xacb3c6a43d15b907e8433077b6d38ae40936fe2c**&sell\_token\_id=**138007446**](https://api.x.immutable.com/v1/orders?sell_token_address=0xacb3c6a43d15b907e8433077b6d38ae40936fe2c&sell_token_id=138007446) + +Following that (at the time of writing) results in this: + +https://preview.redd.it/3wku3ewk7yj81.png?width=823&format=png&auto=webp&s=467132e4442aed91e5e2a1b952719afaac343637 + +I saw quickly that it said "filled" near the top and thought I'd confirmed this "ghost" sell order, as I didn't yet understand hardly any of this gibberish. However, after a much deeper dive into this API and a lot of experimentation and research, I discovered this was not at all the case. + +It turns out that the API URL template they suggest is really just returning *all* the "orders" for that "type" of card. In other words, it's returning all instances of some order to sell a "Guild Enforcer", for a variety of prices and currencies. As I trawled through the data, I discovered the order I initially tried to buy was actually in that list and **still listed as "active"**. + +Here's the data for that specific order within the results of the API URL they suggested: + +https://preview.redd.it/j38ht76m7yj81.png?width=792&format=png&auto=webp&s=4d8f48e83396294c679d9f1b6430e62f99fb45b3 + +So, I've now determined that the API URL template they suggest doesn't really help, as the results are actually just the same as their website UI shows. The website UI shows all the "active" orders, but all the cheapest orders will fail with an error if you try to actually purchase them. + +I think I've hit a dead end with my support thread I've had going with Immutable X, as it appears their dev team is aware of this issue and working on a fix. There's not much that we can do until they sort that out, other than blindly stab away at trying to purchase each card, working up from the cheapest to the more expensive, hoping to eventually land on a real order that you can successfully purchase. + +# TL;DR + +**The Immutable X Marketplace displays lots of "ghost" cards for sale, which you can't actually purchase. This is super annoying and has a key effect of making price discovery impossible. Hopefully GameStop will do better and not allow this bad data to bubble through to their new marketplace.** + +# + +# Update - Issue Resolved! + +This post caught the attention of [u/robbieimmutable](https://www.reddit.com/u/robbieimmutable/), the CEO of Immutable X, and he quickly responded to let us know they were investigating and working on fixing this. Just a few hours later, they've identified the issue and fixed roughly 400 assets. + +I can confirm that every "broken" card I'd come across is now properly marked as "Not for Sale" and backed by a "cancelled" status via the API. + +Here's a screenshot of their related status updates, from [https://status.immutable.com/](https://status.immutable.com/): + +https://preview.redd.it/t49fxtf2s4k81.png?width=1048&format=png&auto=webp&s=27f57050d2bb5f5a77142dbd40a875d294384cd9 + +That is a top notch response and should be a big improvement for many customers. I'm currently enjoying being able to browse a freshly cleaned up marketplace and finally be able to make good price assessments. This also means it's now easy to figure out which cards are worthwhile to mint. + +Here's a big thank you to Robbie and the Immutable X dev team for cranking out a hot fix! +I know this has been asked a million times but to people were investing during 2008 what was the market like in the early months of 08. + +Specifically what was investor sentiment like, what stocks were you following at the time and what were non investors saying about the market? + +Last question is a little weird but I’ve noticed right before the crash of bubbles my family will start asking me about it. +Original post: [https://www.reddit.com/r/UKPersonalFinance/comments/e4ymfg/swimming\_in\_debt/](https://www.reddit.com/r/UKPersonalFinance/comments/e4ymfg/swimming_in_debt/) + +&#x200B; + +Good evening all + +I posted the above (link provided) and I felt I was at the end of the line. It has only been six weeks since but I feel as if it has been an entire lifetime. + +My OH has been everything that I do not deserve. Supportive, understanding and patient. I know I let her down a lot and kept so much from her over the time we have been together but it's now out in the open. She encouraged me to share the situation doing so, told my parents who have financially supported me as much as they can right now. With their help, I cleared the Satsuma Loans debt (c. 600% APR) and the Barclaycard credit card (which the account is now closed) and it started the road ahead. + +With StepChange my other creditors have agreed to reduced payments (and most have frozen interest) and so far, so good. I have had constant calls from one or two but nothing I can't handle. I expected this the moment I sent off the pack to StepChange. However, StepChange have been so friendly, professional and exactly what I needed. My credit score will obviously suffer soon but it is just a number that I am not thinking about. From mid December my DMP started with all debts upto date with payments. I cancelled all of my direct debits with the creditors mentioned and StepChange collected the first payment last week. I felt very scared and anxious thinking it was a new low, but a week on with the extra money left (and in our joint account with an extra pair of eyes on) it has made such a difference to my/our finances. + +Whilst I have a very long way to go and by no means out of the doghouse yet, I would just like to thank everyone in UKPF that commented and advised on my original post. Without you guys I would not have been able to muster up the courage to head this problem face on and get the help I needed. I am not perfect and never will be with money, or decisions. I have an impulsive side that ruined my life. So from a bloke who considered ending it all an only option at one point, thank you thank you thank you. + +To everyone reading this or other threads in this subreddit in the same position that I and many others have been in, feeling like they have nowhere to go or nobody to talk to - please know that there is support always available to you. There is no shame in opening up to your loved ones, StepChange or on UKPF. There is a light at the end of the tunnel, you have the chance to turn it all around. I really do recommend reading all the comments in the original thread. + +CC +I performed an analysis to see if social security payments for old age should be delayed, or claimed earlier. + +For members of this sub, social security payments may be not a matter of survival -- people have savings and/or other means of income. This opens a possibility to invest this money. Ultimately, it will included in the amount a person leaves to his or her heirs. If this is the intent, do I delay the start of the payments or start early? + +I did not go into spousal benefits; the analysis applies to a single person. (But I assume that for couples it will be similar.) + +The conclusion is: if at 62 you do need social security money for everyday expenses, get it because you have no other choice. If you do not need this money for everyday expenses, get it anyway and invest. + +Mathematical details can be found here: + +[https://drive.google.com/file/d/10FEtbhfEeA59RxQN6FPtlswDKkS2JksO/view?usp=sharing](https://drive.google.com/file/d/10FEtbhfEeA59RxQN6FPtlswDKkS2JksO/view?usp=sharing) + +&#x200B; + +Edit: thanks to everyone for comments. + +A friend sent me an email. Apparently, [fool.com](https://fool.com) have looked into this. Judging by their plots, they have come up with the same math, but without exact numbers it is difficult to say with certainty. Here is a link: [https://www.fool.com/retirement/general/2016/05/08/should-i-claim-social-security-at-62-and-invest-it.aspx](https://www.fool.com/retirement/general/2016/05/08/should-i-claim-social-security-at-62-and-invest-it.aspx) +Recently found out that when earning over $90,000, private health insurance could end up cheaper than the medicare levy. + +Anyone know of any other things that could be done to get more bang for your buck? Been interested to learn more in this space. +A year and a half ago I bought a 2014 accord for 13,500. + +It's at 120,000 miles now and two months ago I spent $3,000 on transmission servicing, new brake pads, rotors, and calipers. + +A month ago the parking break, abs, power steering, and traction control lights all came on. I took it to a **mechanic** to be reprogrammed and to have the brake fluid replaced, $1,000. That didn't fix the issue so now they say I need a whole new VSA Modulator which will be $3,000 and requires going to the dealer for programming it. + +If I go through with this I'll have $8,000 left on my car loan but $7,000 in repairs on a car I've had for just over a year. It's cutting into my monthly student loan payments and I would've had this car completely paid off by now. + +What should I do here? I'm thinking about trading it in for a cheaper camry or corolla. + +Edit: Sorry guys I misspoke, I took the car to a trusted mechanic for repairs, but now to replace the VSA modulator it required going to the dealer. +I started trading options about six months ago and I'm gonna be honest i was kinda dumb. I made some good profits at first but now I'm holding a ton of NVAX, NEGG, BBBY that i never really wanted and selling covered calls. It's not the end of the world, honestly i thought NVAX was an ok play and maybe long term it will be, but it's not great. + +Anyways i have about 20k sitting in my account gathering interest that i haven't wanted to do anything with because i don't trust my own picks that much anymore. I don't want to waste that capital though, so I'd like to sell on CSPs on some stable, low-return tickers. It would be great if they were dividend stocks just in case i get assigned but that's not absolutely necessary. Right now im thinking of selling on CSPs for Ford which i understand is a fairly dependable choice and is pretty low compared to a couple months ago. Any other ideas? + +Edit: Thanks for all the suggestions guys :) +Hello. Throwaway account. + +I am curious whether any of you have executed on the FIRE strategy of starting out in a HCOL area, making enough money to RE, and then relocating to a LCOL? + +My partner and I are mid-30s, reached FI a few years ago, and trying to figure out where to spend our next chapter. We have a small child and we're currently in a VHCOL area and considering several places to move to in the next year, some of which are also HCOL and some are M- or LCOL. + +We used to have this idyllic view of living in a town that's small, quiet, full of nature, and far from the competitive rat race. We could buy a nice house for cheap. However, I'm beginning to think that, being in my 30s, liking to work, and historically having lived near bustling metropolitan areas, I would find very little fulfilling in a small, peaceful town. + +I'd love to learn from your experiences... specifically: + +1. Ultimately, were you happy moving from a HCOL area to a LCOL area? +2. What do you miss about the HCOL? +3. What did you think you would miss from the HCOL but don't actually? +4. What kinds of things did you have to do to "adjust"? + +Thanks! + +&#x200B; + +**EDIT:** + +Wow, thanks for all the responses. I wasn't expecting so much interest. I'll clarify a few things and also highlight my main takeaways so far from the discussion. + +First, clarifications: + +The main reason we are considering moving to another VHCOL place (NYC) from our current VHCOL place (SF) is because the majority of our friends live there and that's also where most of my career network is. I personally also just really like the city. If we do this though, I would have to keep working, likely in a job with a lot of hours. This might be fine since I like working, but I wouldn't be able to see my child whenever I want. + +The main reasons we ware considering MCOL places is to get away from the rat race, be around more nature, and get a house to start getting settled in. If we do this, I could stop working or work very sparingly and have time to spend with my child during his golden years. + +&#x200B; + +Takeaways + +1. Going abroad never really crossed my mind but now I am intrigued, particularly in places that offer free or low-cost graduate degrees. This would solve the visa issue and I suspect wouldn't require nearly as much time as a job would, so we'd be able to enjoy our time abroad while still tapping into a network. Maybe we do this soon, or maybe we do this in a few years when the child is a little older. I've heard great things about Berlin and German education. +2. I don't personally care much for concerts, museums, cinemas, and definitely not bars. They're fine, but we don't even really take advantage of them here, so I think most decent MCOL places would be perfectly adequate. Great ethnic food, though, seems to be a very real concern. +3. Figuring out where to raise my child is a huge factor. There were several posts that pointed out that living in BFE type places will not give him the type of STEM or cultural opportunities that I would want. However, I also don't want to deprive him of the joy of being in nature, so that's a dilemma. Maybe we could live in NYC and just drive to Vermont for a weekend every month. +4. Having close friends accessible (within a couple hours) is important to me. The question is whether it'd be better to be close to our existing friends, or try to build a network in a new place where we don't know anyone. I think if I were working in a job, that would be fine, but if we just stay retired, it would be hard. + +Hope that this discussion was as helpful for some others as much as it was for me. Thanks again! + +&#x200B; + +Now that our blockchain is live, this means developers can commence building the next generation of applications on WORBLI for the world to benefit from. + +We’re delighted that our BPs have enabled WORBLI to come to life. A mention must go out to Cafe Block & HKEOS who have created WORBLI’s first block explorer: + +As most of you would be well aware, this space moves at an incredibly rapid pace in terms of development of the chain base code, and the many features being built on top of it. As a result we’ve been adding additional features and functions to the WORBLI code base right up until very recently. +https://worbli.io +I know there are more than a handful of people who keep saying stay away from crypto currencies. I was just wondering your though process and analysis of Ripple. + +It has already become the second most traded Crypto Coin in the market today, right behind Bitcoin (passing Ethereum), and has recently been backed by a plethora of US and International banks. Most recently to their addition, Google also just backed them and essentially doubled their total funding. Not to mention that it already has nearly half the market cap of Bitcoin while it has only been around for half the time. + +I was wondering your position on Ripple on if it was a good invest or a solid move to stay away. With all the moves that Ripple has been making strides with getting major global banks involved to make this a sustainable bridge between the nations currency and the crypto coin world. The structure of the "company" also seems to be set up differently than that of Bitcoin. for example, the way that ripple and their network is designed, it is inherently faster than Bitcoin and transactions take only a few seconds. (more info on differences: https://www.quora.com/How-is-Ripple-different-from-bitcoin) +I've been reading a LOT about BNTY on reddit, steemit, and Twitter. It seems as if there's a lot of hype surrounding it, however I just read a very well written, and thought out post on Steemit about why I should be skeptical about it. The writers main point was that there's too much competition in its niche for it to truly flourish, and that it'll likely die out after the initial hype driven pump it'll most likely see in the near future. This is directly conflicting with almost everything else I've seen people say about it, however this person received a fairly large payout from this post with minimal upvotes. Which means a whale at least saw some merit in what they were saying. + +As a noob to all of this, that gives me pause. So any proponents (or opponents too actually) what do you see in the future for BNTY? + +Thanks in advance. +Friendly chat... + +I hear almost everyone is saying 14K, 12K, 10K, 8K as the bottom. There's the adage that if everybody's saying it, it's usually the opposite. + +What's everyone educated guess on BTC's bottom if we haven't already hit it @ 15.5K a couple weeks ago? +Hey! I'm a college student who's been investing most of my beer money into cryptos. My portfolio is currently spread between 16 coins, with about 50% in the big 3 (ETH, LTC, BTC, in that order) and the rest between coins with tech I believe in. + +I think ETH has the best long term potential of Crypto's, and I know I want to put a lot more in it, so now I'm just trying to figure out when. My idea was to buy a substantial amount as soon as it dips below $1k on Coinbase. How is this idea? Obviously nobody can guess the market, but I'd love some input. +I’ve been working for 7 months now after graduating with my BS in Nuclear Engineering. I’m estimated to make ~60k this year if my OT opportunities keep this pace. I have $120k in student loans left and have paid off $16,200 so far and live off of $1-1.1k/month. This Christmas I mentioned to my grandpa that I wouldn’t be getting any tax deductions on the interest or accumulating any credit score for the loans because $88k of them were in my parents name. And that I was trying to refinance under my name to get better interest rates and get them out of my parent’s name, but kept getting denied from companies that were supposed to specialize in student loan refinancing. (my interest rates averaged out to 6.2% on a 10 year plan compounded daily. My parent’s credit score also took a major hit due to the loans) He owns a business and has had the same bank for years and all of my family uses them too. So he made a few calls and got the bank to do him a favor. +He got them to agree to a 7 year loan for 3% with him as the co-signer! + +That rate is insane. And I’ve been told that less than 4% means it’s beneficial to invest, so I’m trying to reroute my monthly budget. Before, I was giving myself 0 cash flow and investments and only $1000 for emergencies, and dumping everything towards the loans. + +I’m paid hourly and biweekly on a 5 week cyclical shift work schedule. On the worst month, I make ~$3000 after taxes. But I average $3300-3400/month take home. + +My current budget plan is: + +$1600/month loan payment + +$1000/month living expenses + +$200/month minimum savings up to $10,000 (~4 months living expenses for emergency.) + +$100 maximum (until I get a raise) to Roth IRA + +$100 maximum to bridge fund investments (Currently ETFs/Dividend stocks) + +I’m expecting a $10,000/year raise by around May/June. +Note: I’m also job hunting for something with better pay that better utilizes the “engineering” part of my degree, so I’m only putting 3% (the minimum) into my company retirement fund as I don’t plan of being there long enough to get the employer match. + +Any tips or suggestions on how to best budget around this new loan interest rate would be appreciated. +I currently have mint but I hate that I can only have one “goal” per bank account. I have a lot of random expenses come up every now and then that I want to plan for but it’s pretty inflexible. For example I know in a few months I’m gonna make a purchase of $1000, I wanna be able to move money from my “entertainment” budget each month to save up for this big purchase and easily visualise this. + +Every dollar looks good but I don’t want to spend $79 for an app. Any advice? +**EDIT: UPDATE AS OF NOV. 16, 2022** + + +Geico is giving us the run-around. As some redditors have noted, Geico is experiencing severe labor shortages as they have been closing offices, making layoffs, and facing resignations. See /r/Geico for the drama. I am almost definitely changing insurers after this. + +Anywho, we contacted Geico who had assigned a "Liability Adjuster" and an "Auto Damage Adjuster" assigned to the claim. We were told that the other driver (who caused the accident) has only the state minimum coverage for property damage liability, and if he is determined to be at fault by Geico, he will be on the hook for the below list. + +What's incredibly frustrating is, we contacted the Auto Damage Adjuster who is supposed to be in our local area and complete the inspection of my car at the local body shop. He told us that his supervisor assigned him to go work in another state for this entire week, and given the Thanksgiving Holiday, he may not be able to inspect my car for ***weeks.*** This will result in $75/day storage fees at the body shop for a delay out of my control. **As an aside, does anyone know if there are laws or if I have a right to a speedy inspection?! Wasting 2+ weeks from the date of the accident seems insane to me.** + +Anyways, the other driver's policy is likely going to have to pay for: + +1. damage to my car +2. damage to the BMW he pushed my car into +3. damage to the utility pole he pushed my car into +4. storage costs for my car at the repair shop, and +5. reimbursement costs for any car rental I make. + +I am kind of of the opinion that, given this guy has a limited amount of coverage, I should do my best to minimize #4 and #5 above. I don't want to rent a car only to find out I won't be reimbursed. Similarly, I might have to get my car towed to my house, rather than sit at the shop and incur $75/day storage fees which eat away at the funds available. + +I am **very concerned** that Geico is on either end of this (my insurer and the other driver's). I worry that they will try to assign part of the liability/fault to me, though I did absolutely nothing wrong. If that happens, I may get an attorney and/or file with the State of CT's consumer agency that deals with CUIPA (Connecticut Unfair Insurance Practices Act). + +All of that being said, I don't feel like getting a lawyer will be worth it. My car is only worth maybe $8k, I was not injured so no medical bills. I am actually a lawyer myself but work in a completely different area, so I don't know much about insurance law. + + +----- + +**ORIGINAL POST IS AS FOLLOWS:** + +I am in Connecticut, USA and yesterday I was hit by a driver who failed to look before merging. I have (had?) a fully-owned 2010 Subaru Forester. + +I have never been in an accident before so I wasn't sure how to proceed; is there a guide for this sort of thing someone can link me to? + +**Details of the accident:** + +Another driver (insured with Geico in CT) merged into me, sending me off the road into a telephone pole. I suspect my car will be totaled, because the airbags deployed and the front end is totally smashed, radiator leaked out, etc. I called the police and made sure they made a report (to be published soon??), and the other driver stated it was his fault to the LEO. + + + +**Steps I've taken thus far:** + +Once the police OK'd it, I called my AAA coverage and had them tow the car. AAA actually arrived early while the police were wrapping up, the AAA employee recommended that I call around to various auto body shops to confirm who had space. I did so and identified a local body shop, where I had my car towed to. + + + +**What do I do next?** + +I desperately need a car to get to and from work, however I do not have rental reimbursement on my own auto policy. I have Geico as well. I have collision coverage with a $500 deductible. My questions are as follows: + + +1. I am under the impression that I should not make a claim under my own policy, because the accident was not my fault—is that correct? The insurance agent I spoke to told me I could "use my deductible" on my own policy to get paid out faster, but isn't that counter-intuitive given I did nothing wrong? Wouldn't that result in me eating the deductible, or would I be able to be reimbursed for that? +2. I contacted Geico and stated I would like to make a claim against the other driver's policy. They stated they had assigned an adjuster, provided me his phone number, and said they would perform an inspection "soon" at the shop I had my car towed to—am I correct in guessing this will take weeks? Should I have the car towed to my driveway to avoid storage fees? +3. What kinds of questions should I be asking the insurance adjuster? +4. **How can I get a rental ASAP? How long should I expect to get a rental for? A bit of googling indicates that I should be permitted to get a rental paid for by the other driver's policy once "fault" is determined; from what the adjuster told me over the phone, it seems the other driver basically admitted it was his fault, and Geico won't need to wait for the police report to make a determination of fault. It sounds to me like I should be demanding a rental now, right?** +5. Do you have any advice on how I should proceed? +6. For future reference, where should one tow their car after an accident? I didn't think to have it sent to my house, but maybe that was the right move? + +I already understand the haggling process once Geico is ready to write me a check for the car's value; it's getting there that has me confused. + +Thank you so much, I am so frazzled. +So I make sound 26$/HR and I live in a low cost of living area (small town in South Carolina). I'm at the top of my pay ill never get another raise or cost of living raise again unless I get promoted. My question is should I be looking for another job? With my partner back at work we can afford for me to take a pay cut and still have all of our bills covered plus extra to put into savings. I have been at the same company for 7 years and I am next in line for a promotion but it could be years before there is another opening. Would it makes since to stick it out until then? +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. +Hi everyone + + + +As the title suggests, I have an addiction to gambling. This addiction is eating me alive. I've never done drugs in my life but my need to gamble is akin to a someone with a drug addiction needing a fix I imagine. + + + + + +My original problem spanned 2012 - 2016. That left me in financial ruin and I ended up on a DMP. Thankfully I kept the house and kept clean so my life returned to normal. This was when there was very loose restrictions and you could easily gamble £20k away in one night no questions asked. + + + + +Then 2020 hit and it reared it's head again, not on the same level (I have binges where I'll gamble for days/a week then won't for months) but don't confuse this with having control as I have none and no one knows about this relapse (everyone knew about the original problem). The only reason I'm not gambling as much as I used to is because the casinos won't physically allow me to and restrict my account when I deposit what they think is too much. + + + + +I haven't lost any money this time. Overall I'm up (I think) but my finances are like a constant roller coaster. + + + + +So 2 weeks a go I won £13k. I won it and walked away. Then yesterday and today I lost £5.5k. So as you can imagine, one minute my savings account is looking good and the next it takes a hit. + + + + +There's a fair amount of financial pressure on me and I absolutely hate not having savings and this is why I gamble. No other reason, no past trauma... I'm just greedy. I win decent amounts and want more and more and more and it disgusts me. + + + +I earn a liveable amount and can save. I also work hard. No one in a million years would think I'm a gambling addict. + + + + +I got blocked for depositing over £3k in one transaction tonight and I spent over an hour trying to get signed up to another site to, most likely, squander the other £7.5k of winnings from 2 weeks a go. It's almost like I want it gone. Thankfully no one let me open an account, well didn't let me deposit so I took a long hard look in the mirror and thought what have you become? + + + +How do you physically fix an issue with not being able to cope with not having a healthy savings account balance? If I could fix this issue, I could wave goodbye to this addiction. + + + + +I've done GA, gambling therapy, blockers, self exclusion, the whole lot but nothing works. It all comes back to me being obsessed with having lots of money that quite frankly I don't need. As long as I can pay my bills and live, I should be happy right?? So why on earth am I putting this mental and physical strain on myself to have excess cash? + + + + +For reference, I'm married and have 1 child who is disabled and I work a full time job and part time job. See even the fact I have 2 jobs shows my obsession with having money. It's so unhealthy. + + + + +Can anyone knock some sense into me about the fact personal finance is just that, what you as a person have is enough and you don't to strive for more and more? + + + + +Thanks for reading if you got this far +Came across this today: [Vanguard Managed ISA](https://www.vanguardinvestor.co.uk/investing-explained/managed-isa) + +For an additional 0.30% fee, Vanguard will manage investments (made up of its underlying index funds): + +* Account fee: 0.15% +* Management fee: 0.30% +* Fund fees: 0.13% +* Fund transaction costs: 0.03% + +**Bizarrely, it's not available for existing customers (yet).** + +The fees seem to be similar to robo advisers (e.g. Nutmeg's Fixed Allocation). + +I must admit I'm not sure of the point of it. I went through the onboarding anyway and it suggested 81% stocks and 19% bonds. I'm not sure why I wouldn't just invest in LifeStrategy 80 or a target date fund myself without paying the 0.30% management fee. + +Posting here in case anyone does find it useful/general discussion. +Some companies are just companies and some companies are a brand of the owner - we know which category Tesla Falls into. So what happens if our meme daddy Lord and savior falls off a cliff or gets hit by a bus? Won't Tesla fall 20% upon the news and then trickle down another 20% upon the uncertainty? I doubt it would ever recover. + +Those of us that are long Tesla what's your plan for when that news pops up on your feed? +Anyone that's been following the UK general election coverage will be familiar with taxation promises each party's promoting. + +One figure that's being thrown around a lot is £80,000. The level from which [Labour pledges not to raise taxes until](https://www.theguardian.com/politics/2017/may/06/labour-tax-80000-general-election-promise). There was [a pretty funny clip on Question Time](https://twitter.com/ladyhaja/status/1197666606811426818) of some guy arguing £80k+ doesn't put you in the top 5% of earners. + +A tool to visually compare your salary against the average would be helpful, and interesting, as means of seeing where you stand next to your fellow country men and women. + +The best one I've found is by the [Institute for Fiscal Studies](https://www.ifs.org.uk/tools_and_resources/where_do_you_fit_in). + +Similar tools I've found: + +* [http://www.globalrichlist.com](http://www.globalrichlist.com/) +* [https://www.compareyourincome.org](https://www.compareyourincome.org/) + +There is room for improvement with these, both in terms of usability and features. + +I reckon there's scope for a more creative solution, that could teach people about income distribution among other things, and I'm interested in building one myself. + +I'm thinking a full viewport page with a income distribution visualisation built with d3. + +[Wealth/income distribution data is available via the Office National Statistics.](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth) + +So, I'm curious as to whether r/UKPersonalFinance would find it useful, your thoughts on the tools available (have I missed any good ones?), and whether there are any features that'd make an income/wealth data visualisation like this particularly valuable? + +**Edit:** + +[This article from YouGov is very relevant to the discussions being had here.](https://yougov.co.uk/topics/politics/articles-reports/2017/06/02/how-much-money-do-you-need-earn-year-be-rich) +Unpopular Opinion: Recession not likely is the new "inflation is transitory" + +The official Whitehouse definition of recession was recently altered and changed to prepare for the impending negative GDP print later this week, which would, according to traditional well agreed upon definition of "recession", confirm we are infact in one. + +Recession: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. + +I will go a step further and say the government will try their utmost to avoid acquiescing we are in a recession, such that it will ultimately cause a depression. It will likely be prolonged longer than the first gauffe. + +Just look at how "inflation is transitory" went. +Guten Tag to this global band of Apes! 👋🦍 + +Cinco de Maya did not disappoint - while it may have been pure coincidence, the various trademark filings coinciding with the browser extension wallet screenshots appearing on a day that's been teased in various RC tweets is delightful. When it also happens on a date where the entire market dropped in a very 'margin calls galore' fashion... well that's even more tit-jacking. These are truly chaotic times for investors, but we are no strangers to chaos. Apes HODL with Diamantenhände through it all - until we see the systemic reform, there is no sell button. + +As we close out another week in the GME saga, take a moment to reflect back on the past year. GameStop has formed some fantastic partnerships and is on the cusp of placing their enormous customer base on the doorstep of blockchain commerce. With their partners in the game and collectible industry, and the propensity of gamers to be early and enthusiastic adopters, I expect them to be wildly successful in delivering compelling content to eager customers, and their success will bring other future partners. This company is revolutionizing retail, and Apes around the world hold well over 10m shares in our own names. GameStop is launching the wallet any day now, along with the NFT marketplace. Meanwhile, the split is all but guaranteed, and in less than 4 weeks we'll see the power of our collective voices. + +This is going to be a wild month, and I cannot wait to write about it. + +Today is Friday, May 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$118.02 / 111,68 €** *(volume: 422)* +- 🟥 115 minutes in: $117.89 / 111,55 € *(volume: 421)* +- 🟩 110 minutes in: $118.02 / 111,68 € *(volume: 411)* +- 🟩 105 minutes in: $117.99 / 111,65 € *(volume: 411)* +- 🟥 100 minutes in: $117.93 / 111,59 € *(volume: 406)* +- 🟥 95 minutes in: $117.94 / 111,60 € *(volume: 405)* +- 🟥 90 minutes in: $118.18 / 111,82 € *(volume: 391)* +- 🟥 85 minutes in: $118.22 / 111,87 € *(volume: 391)* +- 🟩 80 minutes in: $118.46 / 112,09 € *(volume: 391)* +- 🟩 75 minutes in: $118.43 / 112,06 € *(volume: 391)* +- 🟩 70 minutes in: $118.40 / 112,04 € *(volume: 391)* +- 🟩 65 minutes in: $118.03 / 111,69 € *(volume: 373)* +- 🟩 60 minutes in: $117.80 / 111,47 € *(volume: 261)* +- 🟩 55 minutes in: $117.78 / 111,45 € *(volume: 261)* +- 🟥 50 minutes in: $117.71 / 111,39 € *(volume: 251)* +- 🟩 45 minutes in: $117.80 / 111,47 € *(volume: 247)* +- 🟩 40 minutes in: $117.72 / 111,39 € *(volume: 159)* +- 🟩 35 minutes in: $117.71 / 111,38 € *(volume: 66)* +- 🟥 30 minutes in: $117.59 / 111,27 € *(volume: 66)* +- 🟥 25 minutes in: $117.63 / 111,31 € *(volume: 61)* +- 🟩 20 minutes in: $117.70 / 111,37 € *(volume: 46)* +- 🟩 15 minutes in: $117.67 / 111,34 € *(volume: 46)* +- 🟩 10 minutes in: $117.66 / 111,34 € *(volume: 40)* +- 🟩 5 minutes in: $117.62 / 111,29 € *(volume: 27)* +- 🟥 0 minutes in: $117.53 / 111,22 € *(volume: 8)* +- 🟥 US close price: $119.13 / 112,73 € *($117.65 / 111,33 € 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 1.0568. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm the [fucking coward](https://www.reddit.com/r/financialindependence/comments/90q4kh/im_a_fucking_coward/) that made the post about how hard I was finding it to retire. I wasn't expecting the outpouring of advice that I received from that. I had spent most of my working life dreaming of the day when I could call it quits but when the time finally came I was terrified. I had always figured it would be like graduation from high school. You cross the finish line, toss your cap in the air, and celebrate. Instead I started to see it like attending my own funeral. [This blog post](https://livingafi.com/2015/01/20/midlife-fi-sis/) was an amazing comfort and inspiration for me. If you haven't read it yet, do yourself a favor and do so. I discovered that, while I was well prepared financially for it, I was totally unprepared for the emotional side of facing retirement. + +I had some deep thoughts to think since that post and I figured that I owed the community an update. + +I shared a lot of my fears with my wife and we talked at length about whether we were ready for this. Her response was "If we had waited until we were ready to get married, or ready to have kids, we would both still be single and childless. Let's do it." + +The best suggestions were around looking forward to my new life instead of looking backwards to what I was leaving. This made me do some serious reflection on what was important to me. I started a list of things that I wanted to do as soon as I had free time and came to the realization of how much of my life I had put on hold for work. As these new possibilities opened up for me, the fear dissipated and excitement took over. Then, about a month ago, I ran across a relatively new charity that lit a fire in me. It is still in the growing stages and I will be starting the first chapter in this area. I'm leaving a well paying job in order to work for free as a manager, building a team from scratch, *and I have not been this excited in decades*. + +I have set my date and will be a free man in a couple of months, once I wrap up some projects and transition the rest. From the bottom of my heart, I want to thank this community for the words of advice and encouragement. + +And, in the words of the great philosopher NoLaMess: + +>Quit being a pussy old man deaths gonna snatch your ass sooner than you’d like so make it worth it + +I'm going to make it worth it, and make some kids lives better in the process. + +&#x200B; + +&#x200B; + +&#x200B; +Firefly is a Community-driven DeFi charitable project focused on small charities with big goals, rewarding the community with passive income. 5% fees of all the transaction go automatically to the charity wallet address providing full transparency and 5% of the fees get automatically distributed to all the holders of firefly token for their support in building the community and doing charities together. + +✅ Presale filled in 20 Minutes, raised 100BNB in presale with 10BNB donated to Nanhe panchi foundation +Presale Link - https://dxsale.app/app/pages/defipresale?saleID=2389&chain=BSC + +Release date: NOW LAUNCHED! 🚀 + +🐕 Community owned +🐕 5% Distribution to holders +🐕 5% Goes to the charities automatically + +✅ Liquidity burned 🔥 +✅ 35% of tokens locked +✅ No huge whale wallets 🙅‍♂️🐋 +✅ Rugscreen verified + +We do monthly charities with new charitable trust so we have to update the contract with the charity wallet address so funds go directly to their address that's why renouncing ownership is not possible. But transparency is our main aim so we provide all the holder's wallet addresses we know of and how much they own, everything is transparent. +🌐 With a diverse roadmap, we are trying to create a platform for every small charity to raise funds for their project. + +🌐 Website= https://fireflytoken.co/ +📄 Token Addess - 0xa5A5cD9e490662672f287eb147e38e22876FC342 +📄 Rugcoin verified - https://www.rugscreen.com/scan/certificate?tokenid=8398e15ffb + + +ℹ️Telegram= https://t.me/fireflycommunity +🕊Twitter= https://twitter.com/firefly_token + +🚦 Roadmap - DONE ✅ +🖥 Website - DONE ✅ +🐕 Partnerships! on the way +The splividend in my opinion is a warning shot and not the final kill shot. I believe that there will be a secondary kill shot that will destroy hedgies if they do not comply. I'm thinking that either a spin-off of GMERICA or GME Entertainment LLC will happen in the not-too-distant future. This spin-off shares or units will be offered as an NFT on the NFT Marketplace/Exchange. The NFT spin-off shares or units are on the blockchain using Loopring technology and will be tracked on the ledger which makes it impossible to be re-hypothecated. I truly envision this as a possibility. The splividend will give us more shares but this secondary offering is what I'm waiting for. I believe that the spin-off NFT shares/unit will be the final death blow to the SHF and would ignite MOASS. This is all pure speculation and would love a discussion about this. +I am in my late 30’s and just got my first senior management position earning around $300-$350k total comp. I am also in the running for the president role in about 5 years which should be about 200k or so more. +I am married with 2 kids, my wife earns around 65K. Our current NW is $1.1M. +My house is paid off and am 80K short of paying off an investment property that generates $15K a year net. + +What are some things that I could do to position myself for fatFIRE? + +Outside of my 1 investment property I do not have any side hustles, should I find one or focus on my career? + + + +I’m young and this idea just crossed my mind. Theoretically speaking, if you’re at coastFIRE all you need to do is make enough to cover expenses until retirement age, and anything you make above that will bring retirement sooner. Do any of you plan on transitioning to more enjoyable jobs at the expense of a lower salary and a delay in early retirement? For example if you’re 35 and could retire in 10 years on your current path or in 20 years doing something more fun and flexible. + +I read so many stories here that focus on retiring early and wanted to see if anyone has any stories more on the financial independence side, where FI might mean you have the freedom to do the work you want rather than the work that pays more, even if you’re not near retirement. I’d love to hear your story. +Like many, when I got into crypto many years ago, I was personally attracted to the idea of a decentralized network, which isn't owned by an elite few, or some middle-man. + +Today, it seems the average newcomer has little to no interest in this principle. Moreover, I find it interesting that many who've even been interested/invested in cryptocurrency, continue to show minimal interest in some core principles of economics, such as: Market capitalization, 'Tokenomics', reading a whitepaper, trading/investment principals....and possibly most disturbingly **Distribution of Tokens (wealth)!** + +Imagine for a moment a small elite group of 100 people, in control of assets used by millions. Able to manipulate the market at will, and cash in on their centralized game at any time...Its a scary fate to imagine, especially if you're one of those players in their game. + +The truth is that this isn't imaginary....it's quite literally what the current cyrpto market looks like... + +Enter, **Shiba Inu....Where 82.14%** of all tokens are owned by just 100 people! + +Or even worse **Binance...Where 98.8% of USD coin** and **95.57% of Binance Coin** is owned by the Top 100 holders. + +I know what you're thinking...another post shaming SHIBA, blah, blah, blah....Well, you're right. But, they're not alone. Let's take a look at some of the other most popular crypto currencies, and how they match up (w. sources): + +**% of total supply of currency owned by Top 100 holders:** + +* Binance USD = **98.8%** ^((Source:) [^(https://www.coincarp.com/currencies/binanceusd/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Binance Coin = **95.57%** ^((Source:) [^(https://www.coincarp.com/currencies/binance-coin/richlist/)](https://www.coincarp.com/currencies/binance-coin/richlist/)) +* SHIB = **82.14%** ^((Source:) [^(https://www.coincarp.com/currencies/shibainu/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Ripple = **80.52%** ^((Source:) [^(https://www.coincarp.com/currencies/ripple/richlist/)](https://www.coincarp.com/currencies/ripple/richlist/)) +* Dogecoin = **76.33%** ^((Source:) [^(https://www.coincarp.com/currencies/dogecoin/richlist/)](https://www.coincarp.com/currencies/dogecoin/richlist/)) +* Polkadot = **67.25%** ^((Source:) [^(https://www.coincarp.com/currencies/polkadot100/richlist/)](https://www.coincarp.com/currencies/polkadot100/richlist/)) +* USD Coin = **62.16%** ^((Source:) [^(https://www.coincarp.com/currencies/usdc/richlist/)](https://www.coincarp.com/currencies/usdc/richlist/)) +* Tether = **41.34%** ^((Source:) [^(https://www.coincarp.com/currencies/tether/richlist/)](https://www.coincarp.com/currencies/tether/richlist/)) +* Ethereum = **38.8%** ^((source:) [^(https://www.coincarp.com/currencies/ethereum/richlist/)](https://www.coincarp.com/currencies/ethereum/richlist/)) +* Litecoin = **37.82%** ^((Source:) [^(https://www.coincarp.com/currencies/litecoin/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Bitcoin Cash = **28.4%** ^((Source:) [^(https://www.coincarp.com/currencies/bitcoin-cash/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Cardano = **21.77%** ^((Source:) [^(https://www.coincarp.com/currencies/cardano/richlist/)](https://www.coincarp.com/currencies/cardano/richlist/)) +* Bitcoin = **14.65%** ^((source:) [^(https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)) + +&#x200B; + +For my fellow visual learners, I made this graph to help illustrate what this looks like: + +&#x200B; + +[&#37; of Total Supply Currently Owned by The Top 100 Richest Address Only](https://preview.redd.it/dmwc7jyhsev71.png?width=2102&format=png&auto=webp&s=6bc0d213aed9cd654a9ea48aa99fccfc3f092f85) +- Go to school 12 years; +- Get a loan to pay university that you might take a lifetime to pay; +- Get a job 9-5; +- Get a loan to buy a house that you might take a lifetime to pay; +- Do a 401k or something similar in order to prepare your retirement; +- Pay your taxes and bills quietly; +- Give the extra 15$ that you spare per month to a bank, bankers are our friends and will make you earn good interests; + +But! Whatever you do, don't buy Bitcoin! Bitcoin is risky and volatile and it's used by criminals and terrorists and consumes almost all the energy of the world. You might lose all your money. It has no value whatsoever, it's backed by nothing and can't be used in anything. + +TL;DR: you might look the keys for your schakles all life long, only to find they were in your pocket since the beginning. + + +EDIT: Guys, this is a ironic post, thought it was pretty clear but saw in comments some people thinking otherwise. It was just a funny but true way of exposing how I think the world sees Bitcoin. And, of course, this is not financial advice. Want one advice? Never follow a stranger's advice. Love you all. Love, Crypto and Moass are the three things our planet is needing the most. +- Go to school 12 years; +- Get a loan to pay university that you might take a lifetime to pay; +- Get a job 9-5; +- Get a loan to buy a house that you might take a lifetime to pay; +- Do a 401k or something similar in order to prepare your retirement; +- Pay your taxes and bills quietly; +- Give the extra 15$ that you spare per month to a bank, bankers are our friends and will make you earn good interests; + +But! Whatever you do, don't buy Bitcoin! Bitcoin is risky and volatile and it's used by criminals and terrorists and consumes almost all the energy of the world. You might lose all your money. It has no value whatsoever, it's backed by nothing and can't be used in anything. + +TL;DR: you might look the keys for your schakles all life long, only to find they were in your pocket since the beginning. + + +EDIT: Guys, this is a ironic post, thought it was pretty clear but saw in comments some people thinking otherwise. It was just a funny but true way of exposing how I think the world sees Bitcoin. And, of course, this is not financial advice. Want one advice? Never follow a stranger's advice. Love you all. Love, Crypto and Moass are the three things our planet is needing the most. +I recently posted in r/PF about car buying, and it got lots of interest, suggesting many people visit r/PF for car-buying advice. +---------- + + +I also came upon [this old post](https://www.reddit.com/r/askcarsales/comments/2reoes/how_to_shop_for_a_used_car_for_the_faqs_feel_free/) by u/Micosilver (a car salesman) that I found thoughtful, well written, and incredibly, incredibly, incredibly helpful b/c it basically held my hand through an otherwise complex and scary process. I just wanted to share it here b/c I think it will help others, and b/c it didn't get enough love when it was first posted. The original text: +---------- + + +How to shop for a used car. + +With a few exceptions – it really doesn’t matter what car you buy. There is no secret list of good or bad used cars, because any car could be a good car FOR THE RIGHT PRICE. So if a model is unreliable – it will have a worse reputation, which will lower the going rate. If you want a more reliable car – you will have to pay more, and even then there is no guarantee that your specific car will be trouble-free. Even behind the most reliable brand dealership there is a service department, and they do stay busy. While most people go for the same brands and models that have good reputation – it might make sense to go for the cars that are not recommend by any guides, because you might get much more value for your money. + +More expensive (luxury and performance) brands and models will be more prone to problems, and they will cost more to fix, but they provide a better driving experience, safety and image, so you do get something for your money. If you don’t care for anything other than basic transportation – go for the cheap brands and models. + +Buy privately or from a dealer? A franchise dealer or a used car lot? A private seller is a gamble. It could be a nice car that the owner is trying to maximize the value by selling it themselves instead of trading it at the dealer. Or it could be a nightmare car that they are trying to get rid of because it might fall apart at the next light. + +So your best bet will be a franchise dealer that specializes in the brand you are buying, preferably Certified Pre-Owned, if it’s an option. CPO programs vary by brand, and they are not a 100% guarantee, but they should give you some assurance together with an extension of warranty. A dealer provides you a better assurance that you are not buying a problematic car. A dealer is required to make sure a car is safe, and a dealer has a reputation to maintain. If a dealer has a car with issues – he can easily dump it through an auction, and it will become someone else’s problem. + +Next best thing is a franchise dealer that has an off-brand car, which was most likely traded in. The dealer was probably able to take it in trade for an amount low enough for them to recondition the car and sell it for some profit. Again, the dealer will be unlikely to go through the problem with a bad car that can come back to haunt them with issues. + +Then there is the used car lot. Your risk is higher, those lots go out of business all the time, so you have very little recourse, but you will be paying less. Remember those cars that reputable dealers don’t want to deal with and send to an auction? Used car lots buy out these cars, patch them up, and sell them for as much as they can. Your last options is a private seller. A private seller is a gamble. It could be a nice car that the owner is trying to maximize the value by selling it themselves instead of trading it at the dealer. Or it could be a nightmare car that they are trying to get rid of because it might fall apart at the next light. + +Pre-purchase inspection: it is a common advice to have any used car pre-inspected by an independent mechanic. Overall it is a good idea, with a few exceptions and footnotes: + +If the car is still in warranty or is certified – inspection is an overkill, and the only thing you can get out of it is find out whether the car has been in an accident. If a used car in warranty has any major mechanical issues – it will be fixed under warranty. Don’t be surprised of a dealer refuses to let you inspect a car like that. + +Some dealers don’t allow pre-inspections at all. They might not want to take the car off the lot for half a day for you to decide not to buy it or to come back with unreasonable offers. In the meantime – there could be a serious buyer with cash in hand on the lot. + +Now, what can an inspection tell you, and how you should take it? The mechanic doing the inspection might have an agenda that is different from yours – he might want to justify his pay by pointing out too many problems. He might hope for you to still buy it and to bring it to him for more work. Then how can you tell what issues are normal and are to be expected in a used car? You can take any car off the road, run it through an inspection, and the mechanic will recommend on average $1,500 in repairs, which you can ignore and still drive the car for a few good years. Bottom line – again, used car is a risk, and you have to decide what is the right balance of risk, and the price you are willing to pay. + +Private purchase: unless you have cash in hand – it will be difficult to put a purchase with financing. You CAN get a loan on a privately bought car, but it requires some work. You have to get a general approval, then you will have to get the actual loan for the actual car, and the bank will decide the amount based on the book value of the car, you will have to coordinate this with the seller and the bank, and until the seller gets paid – he can back out of it at any time, and you are back to the start. + +Then there is another risk of dealing with a stranger and large amount of money. Don’t expect the seller to accept anything other than cash or a cashiers check. Meet in a public, well lit place, like a bank. Before you make the purchase – refer to your state DMV website for exact instructions on what paperwork is required to transfer the ownership and to register the car. Does it have to be smogged? Do you have to have a clear title? How can you verify that the car is paid off? Do you have to pay sales tax? If you are buying out of state – you will have to check both states to make sure you are in compliance. Sounds scary? It is. This is why dealers charge more, and now we will talk about buying a car from a dealer. + +Once you decide on the model and brand – browse online listings. You have no business going to a dealer without having an idea of what you want to buy. Right now my favorite source is Autotrader – they provide a lot of tools that let you narrow your search down, and 99% of dealers list their inventory there. + +Make sure that you are looking at cars that are within your budget, and not hope to negotiate a lower price before you even look at the car. If you can’t afford the asking price – you can’t afford it. + +Now, the biggest issue that brings the most questions: the price. One thing you are to realize is that the market has changed a lot in the last few years, and if you haven’t bought a car in a while – it will be a different experience, and the good news is that it is easier and much less stressful that it used to be. + +Here is how it used to be before the Internet: while there were classified listings in newspapers, most people shopped by visiting dealers, because there were no tools that would let you cross-shop and compare live inventory between different dealers. It was easier to go to a dealer lot, browse available cars, pick one, and hope to negotiate a deal. You could use a guide like Kelley Blue Book to gage whether the price was good or not, but in the end – you had to make a decision to buy there or to move to the next dealer, and if other dealers would not work out – by the time you got back the car could be sold. It takes a lot of time, and used car shoppers don’t have a lot of time to spare. + +Here is what is happening now: since you can go online, narrow down available inventory by age, mileage, distance and even options – you see right away what is the going rate, and who offers the lower price. Dealers started to realize that if their asking price is higher than average – phones don’t ring, and cars don’t sell. When before they could hope to get people in and lower the price – now no one even comes in, because trying to negotiate thousands off a price against a professional salesman is just as fun as having your teeth pulled. First they learned to check the market before pricing out a car and to keep adjusting pricing of unsold cars to match the market rate. Next evolution was introduction of software services that do that for dealers. They use it when they take cars in trade or buy them at auctions, when they price cars, when they adjust prices to move aged inventory. The data is out there, all the software does is put it together. Let’s say the dealer has to take a car in trade. He punches the details of the car in the system: year, model, mileage, options. The system pull available matching inventory listed within 200 miles, calculates average and median price, calculates back how much the dealer has to pay for the car so that after reconditioning and assumed profit – they can price it below market average. Also the system will check auction history, and it will show how much similar cars sold at dealer auctions in the last weeks, so the dealer can see how much they car hope to get at an auction or buy similar cars. + +What does this means to you as a shopper: + +Profit margins are lower, and there is much less room for negotiation. Dealers simply can’t afford pricing cars high, hoping that someone will just bump into it and pay the price. + +Dealers adjust pricing all the time, so if a car sat on a lot for a long time – it doesn’t matter much, as long as it is priced competitively. If you found the lowest priced car – others will find it too, and dealers don’t need to discount it any lower. + +Once you found one or a few potential cars that match your requirements and price – you are ready to contact the dealer. It would be nice to be able to continue shopping and negotiating from your couch, get the best price, have the dealer tell you everything about the car and hold it until you will make up your mind and find time to go and buy it – but in reality things are a bit more complicated. Dealers have no interest in giving you more information than what they have to in order to get you in the door. Most dealers will post photos, videos, car history reports, but in the end you will have to do your due diligence in person – check out the car and drive it. If the dealer priced the car right – he doesn’t have to commit to a lower price over the phone or email, because it is obvious that you are already interested, and they definitely have no interest in taking the car off the market on the off chance that you will actually show up, agree to the car and buy it. + +So when you contact the dealer – your goal is to make sure that the car is actually still there, that it is ready and not still going through service or body work, to confirm options that are important to you, and to make a solid appointment. You want to make sure that you are meeting with a specific sales person, and not just a generic appointment set by a call center agent, that you know who you are meeting, exact time, and that the car will be actually there. Statistically about half of appointments show up, so dealers don’t put a lot of faith in them, and they might not even bother checking that the car and the sales person is ready and available – you want to make sure your appointment is different. Confirm it one day before, and one hour before. + +You could ask them about the price – what is the lowest price they will see it for, or whether they will negotiate, but be ready for vague, non-committal answers or for simple refusal to discuss it. Don’t put much faith in promises made remotely, and don’t bother making offers. Your best chance on getting a lower price is in person, once you saw the car and ready to buy it. + +When you are there in person – check that you are looking at the actual car you saw on line – same VIN. Make sure it has the advertised options – websites and software make mistakes, it is your responsibility to check it before purchase. Test-drive it. Seriously – drive it before you move forward. It doesn’t matter if your cousin has one like that. It is not enough if you drove one at another dealership – drive the car you are considering buying. Make sure that are no warning lights, everything works, and it drives well. + +After you drove it – it is decision time. Are you ready to own it now? There are 3 answers to this question: you are ready to own it now for the asking price (it doesn’t mean you are going to pay it), you are ready to own it for some price, or you are not ready no matter what – either there is something wrong with the car, or you feel that you have to see and try something else before making a buying decision. If you are not ready own it – state so, thank the sales person for their time and leave. It might be harder than it sounds, you might have to have to talk to a manager, but you just have to stay calm, don’t get baited by promises of some incredible deal, and repeat that you are not ready to own this car at any price. They might through numbers at you – don’t put much faith in them, they have no obligation in honoring them. + +If you are ready to own it – say so, and be ready to sit down to talk numbers. Hopefully you did your research, you know what the market rate is, how much similar specific cars in the vicinity are priced. You should know what guides like KBB, Edmunds and NADA say a car like that should be priced. + +Now, about guides: they are just that – guides. You can use them to your advantage, but don’t get emotionally attached to what they say, because KBB is not going to sell you a car or buy one from you. In the end market rate and your desire to own the car will determine what the price will be. Guides vary from one to another – how would you know which one is right? Some cars will sell well below the guides value because of market conditions, some will sell for much more, because it is a unique car, desirable configuration or low mileage. The only thing a guide will really determine is the amount you can finance, because a bank will not lend you more than a specific percentage of the “book value”. + +Show time: you are sitting down against the sale person, and you get into the dreaded negotiation. First – you don’t have to negotiate. If you found the lowest priced car, you think the price is fair, you are ready to buy, you want to get it over with before the car gets sold – you could just buy it. But no one likes to leave money on the table, and if you are up to it – you can make a run for it. Here is how to make it simple and easy: + +State that you are ready to buy it now. Be ready to discuss financing, tell them how much down payment you have, fill out the credit application. This shows commitment, and it indicates to the sales person and their manager that they are close to selling something, it gets them involved in the process. + +Same something in the lines of: “I am ready to buy this car now, but the price is too high. I am willing to pay this much, and this is why: …” + +There are only two valid reasons to why you are offering less: You either have research to show why the car should be sold for less (market rate, cheaper similar car being sold nearby, lower book value), or this is simply what you can afford. Things salespeople don’t care for: cheaper cars sold 500 miles away, cheaper cars sold privately, supposed bad condition of the car you want to buy. Reasons like that mean nothing, they just show you as an inexperienced negotiator, and they annoy the dealer. You don’t want them annoyed, you want them anxious to sell you a car, not to fight you. Don’t make it personal. + +How much you should offer? Your offer should be reasonable, but with some margin built in to give up. Going up on your offer shows good faith, and it lets the dealer feel like they are winning. + +It is normal for the sales person to “third party” use a real or imaginary decision maker like a manager. Don’t fight it, don’t insist on being in a hurry or talking to the manager. If you are to save a large sum of money – you will have to work for it, and a couple of hours is worth it even if you save only $500 of the sales price. + +So you make or offer, and the sales person will either say that he will check with the manager, or that it is too low, in which case you tell them to still check with the manager. + +The dealer makes the next move: they might accept your offer, they might make a counter offer, or they might say that it is too low. If they accepted, or make a counter offer that is agreeable to you – you are done. If their offer it too high, or there is no counter offer – you use your negotiation buffer to raise your offer, and state that this is your final offer, and see what happens. + +I the dealer is not willing to budge, or they are not moving from their last offer – this is a decision point for you: you can accept the offer if your research shows that it is fair, or you can try your last resort – walking away. Politely explain that this is more that you think you should pay or can afford, tell them to contact you if they change their mind, and leave. They might catch you at the door, out on the parking lot, or call you an hour or a day later. Or they might let you leave. If they let you leave and didn’t contact you – you know your offer was too low. If you do this right, stay calm and appear reasonable – it will likely not come to that. + +Process of financing, trade, dealer fees, paperwork – it will be the same as a new car purchase, except for one thing: warranty. Read thoroughly to understand what comes with the car. If it is a CPO – make sure you have proof the car is certified. Most brands will post conditions of their CPO programs on their website. If it is not certified and out of warranty – does the dealer offers any kind of warranty? Is there any kind of return policy? Do you have to pay for it? Is there a return/restocking fee? If they offer you a service contract – extended warranty – read through it. Can it be cancelled? Can it be purchased later? If it is not in writing – it is not real. + +Long distance purchases: 99% it is not worth it. Out of state purchase creates issues with paperwork. You shouldn’t not buy a used car sight unseen without driving it. You don’t have any leverage in negotiation, because when you contact the dealer from 500 miles away – it tells the dealer that one of two things is happening: they either have the cheapest car within 1,000 miles, or they have the only car within 1,000 miles that you want. I might go through the motions of working out the paperwork to ship you the car out of state, but if a local customer shows up ready to take delivery – you best believe I will rather sell the car to him. + +Things to look out for: + +If a dealer refuses to provide a vehicle history reports such as Carfax or Autocheck –either walk away or consider getting your own. Don’t buy a car without it. + +If a dealer doesn’t post a price – don’t bother. This means that this will be a grind, and the dealer is stuck in the eighties. + +Fees: there should be no fees added to a price of a used car. Destination fee, handling fee, reconditioning fee, CPO fee – all of these are tricks, signs that you should not even be dealing with the dealer, let alone pay them. + +You should know the advertised price of the car the day you shop for it, get it off the dealer’s website, print it out. You should not have to negotiate just to get the Internet price. + +There should not be any requirements for rebates to qualify for, the Internet price should not be “after X amount down”, or any other conditions to get the advertised price. Any of those are signs telling you to walk away. Dealers that use these tricks will not learn unless enough people will stop giving them their money. + +Finally, remember that you are buying a used car to save money, but there is a reason it is cheaper than a new car. In most cases – used cars are sold as is, because even a perfect car can suddenly develop issues. A car might through a warning light just as you leaving the dealership, and you are at the mercy of the good will of the dealer. We have a saying: “If you bought a car “as is”, drove it off the lot, and it broke in two halves – you own both halves”. There is no Lemon Law in regards to used cars. A pre-inspection is not a guarantee. + +Think about these things when you are making decisions and browsing for cars – it might make sense to pay more now to avoid paying later, and it might make sense to pay for a peace of mind. +[FTX held less than $1bn in liquid assets against $9bn in liabilities](https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558) + +What a shitshow. + +After this, crypto exchanges are showing their proof of reserves to the public. + +[Binance](https://www.binance.com/en/assets-proof) + +[Crypto.com](https://crypto.com/company-news/transparency-first) + +These don’t mean shit, unless they can show how much they should actually have. + +Someone gave me $5, it doesn’t mean shit if I I show I have $3, when no one knows that I should have $5. + +This might be a step in the right direction of being more transparent to the customers but without the full information, it don’t mean shit. +I've tried Alpaca and Interactive Brokers, and they're both unbelievably broken: endpoints that are not connected to anything, random outages lasting multiple hours, no API stability, etc. At one point the tech support for IKBR told me their (not-)JSON parser cannot handle single quotes (even though that's what all of their documentation examples tell you to use). + +Is there any trading and market data API out there that's run by competent people? I don't mind paying a subscription. + +EDIT: Some people are fixating on the fact that I described the web sockets interchange format as JSON, when it’s something else that just looks JSON-like. That’s a detail: the point is, if you follow the docs, the examples they give don’t work, the errors it returns aren’t documented, and tech support is like “yeah, the docs are wrong, LOL.” +For those of you who are FIRE, what is your reason for wanting to retire early? + +I’ve seen a lot of posts here lately where people are essentially like “I achieved FIRE but I don’t know what to do with my time” or “I have no motivation anymore.” + +To me, this is a simple problem of not having a solid intention around FI/RE in the first place. I think this is a common problem. People are so focused on the end result, they don’t spend time thinking about *why* they wanted that in the first place. + +For me, I want FIRE so I can spend my days hiking, painting, traveling, camping and seeing loved ones. I want to sail across the Atlantic. I want to surf in the best spots in the world. And I want to support my parents, and start a scholarship fund for kids in my hometown. + +So what’s your reason for getting up in the morning? What keeps you motivated? A lot of the posts on here are quite depressing and I’d love to combat that. +[https://www.bloomberg.com/news/articles/2018-07-27/twitter-projects-users-to-decline-profit-short-of-estimates](https://www.bloomberg.com/news/articles/2018-07-27/twitter-projects-users-to-decline-profit-short-of-estimates) +[https://www.bloomberg.com/news/articles/2018-07-27/twitter-projects-users-to-decline-profit-short-of-estimates](https://www.bloomberg.com/news/articles/2018-07-27/twitter-projects-users-to-decline-profit-short-of-estimates) +This site is full of amateur DIY investors who have no clue how the markets or the economy work. The irrational panic that’s gripped this sub the past week is a perfect example of this. + +If you’re investing for the long term, ignore the noise. Contribute more to your investments (if you can) and dollar cost average the shit out of this volatility. Irrational investor behaviour (like panic selling) has a bigger negative impact on investment returns than just about anything else in my experience. + +Please don’t make your investment decisions based off someone else’s hysterical (and often uninformed) view. People don’t ever hold themselves accountable for the bad advice they give you. Ask yourself is the news today really going to matter to markets 5,10,20 years from now? In 07/08 people literally thought the world was collapsing and made life altering investment decisions based on that and look how far markets have come. + +Please ignore the hysteria and invest for your time horizon, not for what the market does today. +Alright so put on your tinfoil hats and prepare those titties my ape friends because I have a theory I would like to discuss with you all. Before I start, I need to mention that this is in no way financial advice. I am just an ape who has dabbled in investing for the last few years but got balls deep into the GME saga just as you all did back in January. With that being said, I am going to reference some points that have been mentioned, discussed, and fact-checked many times here in the last few months, so if you're questioning any of the assumptions made here, there is plenty of DD to back up why I came to different conclusions. Now, to the juicy stuff you all came here for! + +Let's start with the question on all of our minds... **WHY THE SHIFT IN NARRATIVE BY THE MSM?** + +&#x200B; + +I can't find it right now (I will edit my post and put it here if I can find it again) + +**EDIT: Found it!** [https://www.reddit.com/r/Superstonk/comments/nuk6nk/the\_mainstream\_media\_changed\_its\_narrative/](https://www.reddit.com/r/Superstonk/comments/nuk6nk/the_mainstream_media_changed_its_narrative/) + +But I saw a post earlier either here or in the movie stock sub, talking about how its specifically been News Corp owned media talking about short selling in the last week. Now, I have my problems with News Corp, nobody should have THAT much ownership of MSM companies, but let's take a look a who's invested into News Corp, shall we? + +&#x200B; + +[Ownership of News Corp. according to FINTEL](https://preview.redd.it/nqhhify44x371.png?width=1252&format=png&auto=webp&s=79a7eb09dd6c93df76a0184513a0298e52bf5279) + +[https://fintel.io/so/us/nws](https://fintel.io/so/us/nws) + +Well well, look who we've got up top... our frenemies, **Vanguard and Blackrock**. Now, Citadel also owns a portion of News Corp, even increasing their position from 5 mill shares in Jan 2021 to 6.5 mill shares in March 2021, but combined, Vanguard and Blackrock own **more than 10x what Citadel does.** + +Now, we've all been suspecting that when the MOASS happens, the Fed and the Banks would throw some SHFs under the bus, **WHAT IF THE NARRATIVE IS STARTING RIGHT NOW!?** Think about it, if you wanted to create a scapegoat for when all this shit goes down, **wouldn't it make sense to start talking about these issues and start talking about how short selling stocks is a problem to market stabilization? THEY'RE PAINTING A CLEAR ENEMY TO THE MASSES SO WHEN SHIT CONVENIENTLY HITS THE FAN SOON, SHFs ARE THE FIRST PEOPLE EVERYONE WILL BLAME.** + +I know the media aren't our friends, so I've been wracking my brain on why they would be talking about this now... **ITS BECAUSE WE'RE IN THE ENDGAME AND THEY NEED TO THROW SOMEONE UNDER THE BUS SOON.** This is the ONLY way that any of this makes sense to me. + +I know I'm making some assumptions here, but it is awfully convenient that Vanguard and Blackrock are some of the biggest investors in News Corp, where we're seeing these stories. We have every right to be weary of the MSM, but I don't think they're talking about this for apes. I think they're talking about this for **THEMSELVES.** I would love some more discussion on this, but I feel it in my bones, we're so close. + +**TL:DR:** A post earlier mentioned we keep seeing the MSM stories about short selling on News Corp owned media. Vanguard and Blackrock are top holders of News Corp. I think they're running this narrative to paint the SHFs as the bad guys, so when the economy dumps and the MOASS happens, the masses will blame SHFs. Just like was predicted so long ago by apes smarter than I. BUY and HOLD my friends, the Tendieman cometh soon 💎 🙌🏼 🦍 🚀 🌙 + +EDIT 2: +u/CookShack67 posted some juicy info below too! Anne Dias is Kenny boys ex-wife and uhhh it did NOT end very well… + +Anne Dias (formerly Griffin) is on the board of the Fox Corporation. https://www.foxcorporation.com/management/board-of-directors/ +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +Was just wondering if it's possible to insure a body part. Stemmed from a discussion I recently had when I realized, for example, that my hands are very critical for my job (copywriting), and if something were to happen to them, I'd struggle. Voice typing may help but I still would like to explore options if any. + +What have been your experiences? What are your thoughts? +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +There is a bull run going on and few of my close friends started investing in stocks, looking at the gains. They seem to be excited and are trying ro read the basics for stock investement. But mostly they are stock recommendations through various blogs and general industry based investements( electric is booming, pharmaceutical is booming etc), than evaluating individual stocks. Also seem to have no clear idea on risks involved and relate tales of uncles, who gained money through stocks. +After reading "Psychology of Money", I realized each person's relationship with money is different and there are lot of emotions involved in each financial decision. But I also feel, I should inform them about risks involved in timing the market and how SIP is better option. How do you these conversationswith close friends?I don't won't be see as lecture giving :) + +Edit/note: Didn't realize this post went live. I also posted the same in the bi-weekly column, as suggested by the automoderator. +Please read this: + +https://www.livemint.com/Money/zsfk4UDg6nLkpCUlRtVecP/The-ghost-societies-of-Greater-Noida.html + +IMO real estate prices in all metro cities are inflated beyond reasonable limits right now. A market correction has taken place but a deeper correction is needed for the market to be healthy. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Long post! + +I returned from US to India sometime in 2019. Fortunately, I got 3 years of RNOR status, to end in March, 2022. Some of my funds are in regular brokerage account (Fidelity) and remaining are in IRAs (Fidelity and Etrade). These are combination of direct stocks, ETFs, and mutual funds. + +I have decent amount invested in Indian market and would like to keep the international exposure. In this post, I am trying to cover only international part. + +Here are the points I have noted so far: + +- Nonresident aliens (from US perspective) can invest in US through stocks and ETFs, but not mutual funds. (I'm considering it only equity here) + - We can leave the existing mutual funds as is, without any transactions. + - A general suggestion I noticed is to sell and buy the assets in US at the end of RNOR status. With that, I will lose ability of buying mutual funds. + +- While we may be ok with long term international exposure, following make it relatively more complex + - Difference in financial years + - paperwork for schedule FA and whatever else is needed + - taxes for capital gains + - taxes for dividends + - estate tax, in case of death + +# Capital Gains taxes +- For long term investments, I don't have to worry about capital gains taxes. + - US doesn't have a capital gains tax for nonresidents. + - In India, we have to pay tax only when we sell the assets: 20% with indexation applied. + +# Dividend taxes +- As suggested by Galactic Advisors in multiple posts, it's challenging to get foreign tax credit for dividends. So we may end up in a complex IT returns situation or just pay tax on dividends in both countries + - US taxes 25% for these dividends + - India taxes dividends as per our tax slab. If we are in the 30% slab already, we will be paying another 30%. + - Considering $100k USD with 1% dividend yield, we could end up with $1k in dividends easily. With the above logic, we could lose 50% of dividends every year i.e. $500 in taxes directly + - A way to avoid this would have been to choose growth stocks or growth ETFs (accumulating ETFs). + - Accumulating ETFs would be the best as you are not forced with dividend, but it just increases the ETF NAV instead. (equivalent to growth funds in India) + - US listed ETFs don't have any growth ETFs . So we have to stick to US stocks or ETFs listed outside US to avoid dividend tax to some extent. + +# Estate taxes +- The US applies an estate tax to any US asset that's domiciled in US in case of death of the asset holder. + - For non residents, anything above 60k USD is taxed. + - For residents, this limit is ~ $11.5 million USD + - The tax rate starts from 18% and can go as high as 40% + +- We can avoid estate tax by choosing an ETF domiciled in a country which has estate tax treaty with US. + - US and India doesn't have estate tax treaty. + - US and Ireland have have estate tax treaty. Ireland doesn't tax capital gains tax either (on such ETFs invested from India). So, Irish domiciled ETFs would get a benefit and can be considered special. +- In addition to estate tax, there is a dividend tax benefit. + - If the Us companies distribute a dividend to the ETF company, the tax paid is only 15%, instead of 25% for Indians investing in US domiciled ETFs + +# Overall + - While searching for best options considering all the above points, I realized the best option is to get Accumulation ETFs domiciled in ETF + - I found two options: + - iShares Core S&P 500 UCITS ETF (Acc) --> ISIN IE00B5BMR087 --> Listed on London Stock Exchange --> [Details](https://www.justetf.com/uk/etf-profile.html?query=IE00B5BMR087&groupField=index&from=search&isin=IE00B5BMR087#volatility) + - Vanguard S&P 500 UCITS ETF (USD) Accumulating --> ISIN IE00BFMXXD54 --> Listed on London Stock Exchange --> [Details](https://www.justetf.com/uk/etf-profile.html?query=IE00BFMXXD54&groupField=index&from=search&isin=IE00BFMXXD54#listing) + - I am yet to conclude on how to buy these and what's the cost to buy these + - So far, I have seen Interactive Brokers supporting buying international ETFs from India. + - I am not sure if they support rolling over an IRA from India. I see references of IRA not allowed for Indian residents. But that may even be for brand new IRAs. + - I also saw that their maintenance fee is $10 USD per month ($120 per year). Don't recollect on transaction charges, forex charges etc +- Instead of thinking too much on the estate taxes, I am even considering buying some extra term insurance to make up for the taxes my estate may have to pay. Such premiums will be cheaper than paying $120 USD per year to maintain IB account! + + +I am sure there are a good number of redditor's on this forum who returned from US. How do you handle international exposures after returning? + + +## EDIT - 27 Jan 2021: +Here is what I am considering now: +- I will liquidate the investments in individual brokerage account to bring down the US exposure. Invest this in one of the index funds in India +- For the investments in the IRA (retirement account), move them to the ETF: VUG. + - The dividend yield being around 0.66%, $100k investment would have $660. I would have to be prepared to lose about half of it as taxes (US + India). + - I hope we will have better processing of DTAA in India so that we can really claim the tax withheld in USA + + - I can't do anything about estate tax in the US. Anything more than $60k to have taxes starting from 18% to 40%. But I can just buy an extra term insurance for 20 - 30 L in India for the next 20 years. + - I can just live longer! or + - pray that India-US tax treaty will be revised sometime in next 20 years. + + - US income tax will be deferred until I am ready to take a distribution (may be at an age when I stop working). At least, I don't have immediate need for these funds. +Got mail from interactive broker today that they are waiving off the 10$ monthly fees. + +Only downside of IBKR was the monthly fees of 10$ charged when you are a buy and hold type of person and who has less than 100,000 $ total amount invested. Now they have let forgone that fees too making interactive brokers more competitive. + +Thoughts ? +Fellow Aspiring FI's / FI's, + +My wife and I will be having a baby in a few months. + +I am very curious to learn about the strategies employed by those of you with kids to keep your kid-related expenses in check, while at the same time improving your savings rate and putting money away for the achievement of your FIRE goals. Which approach works/worked well for you? + +Also - what was your strategy regarding putting money away for your children's future? I am thinking about setting up a separate Vanguard S&P500 fund for the kids which we can use toward their education or maybe a down payment on a house for them. + +Thanks! + Much like what is happening in Europe, the United States will likely see a second wave of coronavirus that will hurt markets and slow the reopening of the economy, Wall Street investment firm Bernstein [warned](https://www.cnbc.com/2020/09/17/us-markets-to-take-hit-as-second-wave-occurs-like-is-happening-now-in-europe-bernstein-says.html) clients in a recent note. +It takes some big brain skills to support yourself on very little. Think back of all the shit you've had to deal with in your life - and how despite it all you are still fighting to make your life better. + + +Sure, you've made mistakes. We all do. But remember, you only truly have control over how you react in the wake of those mistakes. Also know that failure often presents much more valuable lessons than instant success. You gotta be in it for the long haul - and escaping poverty can be as painful as it is difficult. + + +If you are exploring this subreddit and working to make your life better, it means that you are self aware, it means that you are taking life into your own hands, it means you're no longer making excuses and blaming other things for your situation... + + +It means that you are thoughtful and intelligent and fully capable of escaping the trappings of being broke. And when you emerge, the things you have learned on your journey will provide an incredible asset to everyone around you. + + +I personally spent about 7 years living on about $7-10k a year and racked up $40k in debt. Last year I started a business and it's finally working out. But why has it worked out? Because during those 7 years I learned how to fail with grace. I learned how to work. I learned how to teach myself. I learned humility and how to empathize with others. I learned how to be frugal. I identified the things that make me happy and found the motivation to keep working to make my life better. + +Embrace your situation as a challenge, take ownership of your life, and never give up! +Best of luck and the love to ya <3 +Passive Income token like MRAT, HODL and Ghostface etc. are gaining much attention lately, but this time, you can collect Cardano! + +&#x200B; + +However, they all come with some caveat. 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The devs are working actively to quickly push out a working dApp to make it easier to claim your ADA. + +&#x200B; + +This is truly a one-of-a-kind gem that you don't want to be missing out on! + +&#x200B; + +Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x63b96E2Aa10d56a638D23498e81d7403d2b64178](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x63b96E2Aa10d56a638D23498e81d7403d2b64178) + +&#x200B; + +Join Telegram : [https://t.me/EarnAdaBSC](https://t.me/EarnAdaBSC) +&#x200B; + +🔥SafeSex Token sales is live!, DONT MISS CHANCE TO GET IN EARLY ON THE NEXT 100X COIN !!!!!!!!!🔥 + +**Safesex Token** is building a Blockchain OnlyFants / Chaturbate alternative! There is no competition in crypto yet so hop in before this goes 100x! 🚀 + +Are you tired of all the rugpulls and honeypots? I know I am, thats why we created SafeSex! + +This a chance to enter a meme token on the absolute ground floor. + +Safesex’s uniquely designed tokenomics, Diverse Marketing Team, and dedicated community are going to make this token something you don't want to miss out on! + +The Dev’s for this token have big plans for the future! + +Token Symbol: $SAFESEX + +Slippage: Use the trick! set the last number for token amount at "8" and set slippage to .2 percent ! :) + +Liquidity is locked for 3 years and the link will be in telegram ! + +Contract is Verified + +Website: SafeSex Token – SafeSex is a Must! + +[safesextoken.org](https://safesextoken.org/) + +BUY: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x13969bbeece18da1354561e9b59dc2937ef5c95c](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x13969bbeece18da1354561e9b59dc2937ef5c95c) + +CHART: [https://poocoin.app/tokens/0x13969BbEEce18Da1354561E9B59Dc2937Ef5C95C](https://poocoin.app/tokens/0x13969BbEEce18Da1354561E9B59Dc2937Ef5C95C) + +TG: [https://t.me/joinchat/k-kcTU3UeyY0Y2Ex](https://t.me/joinchat/k-kcTU3UeyY0Y2Ex) + +Contract: 0x13969bbeece18da1354561e9b59dc2937ef5c95c + +Chart: [https://poocoin.app/tokens/0x13969bbeece18da13545](https://poocoin.app/tokens/0x13969bbeece18da13545) +Well, I hope this inspires someone. The crazy thing about this story is that most of my friends don't know it, and I can't really tell them. The downside of becoming financially independent is you have to hide that part of yourself as people who aren't can't handle it. They will distance themselves from you. My net worth is roughly $750k. It's all invested in corporate bonds, and I earn just shy of $50k a year from the interest. My return is actually quite higher because I'm pretty good at picking them, but there you go. I could retire right now and live out the rest of my life with this amount, but I'm going to continue working for the time being. + +I guess I'll start from the beginning. I had a very greedy mother. I always told that I would be miserable financial failure in life by her, and I believed it. My biggest insecurity... even today is that it'll still happen. When I was a kid, I worked for basically free in the family business almost 40 hours a week from when I was 10 to when I quit the business at 19 years old. (blue collar, mind numbing job) She basically disowned me for leaving, but I wanted to make money. I taught myself to program computers as a kid and saved up for my first computer by selling golf balls that golfers lost (we lived near a course) back to the golfers. My mom found out I was dong this and made me give her 90% of my earnings, but I still managed to hide enough of my income to buy a $500 286AT from some old retired guy. I worked in IT for a years barely making $35k, and then I spent a year doing Y2K conversions for companies independently and made $80k in one year. (before I could even legally drink) I got my first legitimate software development job when I was 21 years old making $50,000 a year, and I couldn't believe that number. It was more money than I ever pictured I would make. + +I didn't finish college. I got a 2 year degree at a JC and took a bunch of software/math courses at a 4 year college. (about 40 upper units, not enough to graduate) When I was 19, my brother inherited $100k from our grandfather (who was long dead and our mom did everything she could to try to get it years earlier, but she failed in court). He split it four ways and gave me a quarter of it. (25k ish) I used this all as the down payment to buy a tiny condo. When I turned 21, I also got $100k, but I split it with my two brothers (my mom wanted a cut too, but I told her no). (leaving me about 33k) I then bought a car cash with half of it and put the remainder in the stock market invested in 3 mutual funds that were "mid range" funds. I sold my condo for a $50k profit about 2 years later and put that in the same funds as well. + +Then I had a setback. The dot com collapse and 9/11 killed the job market in my industry as I was pretty entry level. I was laid off, got another job, and I was laid off 6 months later. (the company shut down completely) I had 6 months of unemployment. During that time I moved, got into surfing, and just tried to find a job every day while spending my savings as slowly as possible. I also lost about half my investments due to the stock market collapse. At the end of the six months, I was down to about $25k in net worth (still no debt). I had a girlfriend during that time who I really liked, and she came over one day, told me that it had been fun but she wanted a guy she could marry. You know, a REAL man. She told me she just couldn't stay with someone who was unemployed. I usually paid when we went out, I never asked her for money, and I looked for a job every day. Nothing reinforces an insecurity more than having someone you love tell you that's why they won't love you anymore. (yea! fuck you Karen) + +My old company ended up hiring me back, and I had a job again for about 5 years barely making $50k (and even taking a pay cut at one point), but I was delighted to have a job. I picked up a side project that lasted a few months and made enough money to buy a new car (a nice car this time for $35, huge splurge, bad idea, but hey, live a little) My savings didn't grow, but it didn't shrink either. Every time I saved any money, I'd lose it to some unforseen expense, and I had a new girlfriend that I had to spend some money on. Then they laid me off again at the end of 2005. A few months later, things really turned around for me. I started specializing in one specific niche in software development. That niche turned into a gold mine for me. How I got the job that gave me the specialization really shocked me. A recruiter that had done nothing by waste my time told me a company wanted to interview me at a specific time. Every interview before that, I showed up in a suit and tie. I figured this was a waste of time, so I stopped by on my way to go watch a football game wearing a jersey, jeans, and tennis shoes. In retrospect, maybe I looked the part. Next thing you know, I'm sitting in a giant building, in a huge board room, surrounded by older people all wearing suits describing a small project to me. You know picture one of those movies where it's the corporate dim dull world of the "man", and you are in that room. Boy, I felt out of place. They asked "could you do this project in 3 weeks because we are in a bind". I told them "I'll have it done in a week", and I finished it in less than a week. Then they gave a project I ended up working on for almost two years that defined the rest of my career. + +That company paid me well. I made just over six figures for two years in a row, and I briefly worked for another company before going independent with my niche. The first year, I picked up 4 customers and strictly did consulting. That was 8 years ago. I've averaged about $220k a year since then with my best year being $265k, and my worst one being $161k. I turn down work. I can hardly keep up. I started realizing that I had more money than I needed. I started upgrading my lifestyle. At one point, I had a giant house, two cars, and a boat. Everything was paid off, and it was quite sustainable. It's easy when you make a lot of money to pay bills, right? Then I found I was attracting the wrong friends and the wrong women. So, I sold it all. I moved into a tiny one bedroom condo, and I kept one car. I started taking trips and taking my work with me as I traveled. This way, I could spend a month or two in another country. Consequently, I'm conversational in 2 other languages now, and I'm working on two other ones. My biggest travel year, I was out of the country for 4 months of year. (2 in Europe, 1 in Japan, 1 in Australia) I never let my spending get out of control. I just keep reminding myself that I'm really a piece of shit doomed for financial failure, and that does the trick. I fly coach, I get miles, I stay in shitty AirBnB's, I eat at cheap places, etc... I pay off my credit card every month, and I only use it for the points. I've saved money as quickly as I can. At first, I tried a mixture of stocks and bonds, and then I realized that I suck at stocks. They make no sense to me. Good news, they go down.. or up. Bad News, they go up... or down. I even tried strategies like selling covered calls on blue chips, and I still had bad results. It seems random. Bonds make sense. If you fully research a company, and you invest, they usually gain value, and you get interest too. Simple. Easy. My money makes money, and it doesn't fluctuate by 2% a day. My average total return on bonds since 2006 has been about 12%. I've never had a down year with them, but I had one year that almost flat. I also had a couple of real estate investments after that which worked out for me. + +One thing to keep in mind is that investing is never a write off (except retirement account contributions). Maxing every writeoff I could get, I still have paid enough in taxes every year for the last 8 years to buy a brand new Tesla Model S every single year. I drive an 8 year old car that's probably worth $12k. (it's a nice car, just old) Almost nobody I know realizes how well off I am. I've never flashed money to a girl to get her to date me, and I even had two girls I dated basically tell me they didn't want a serious relationship because they wanted a guy who was better off financially. (in a round about way they explained it, one girl said he wanted a guy who did charity dinners and operas and the other one told me she wanted a guy who could really take care of her like she deserves) + +So, there's my story. The thing I wanted to emphasize is that I wasn't successful because I was super smart. I'm probably just smart enough. I wasn't because I was super hard working. I was just hard working enough. I made it because I was lucky. It's that simple. I had a good opportunity, and I was there to capitalize on it. At one point, I left a good job to go independent, and jump into a world of no job security. That was in 2007. If I hadn't done that, I'd probably be worth $150k today. You have to be willing to take risks, and that was hard for me. I'm so emotionally insecure about my ability to financially support myself that I still even feel it today when I could retire right now. I wasn't chasing success. I was running from failure... I just got a little carried away. + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +I recently broke up from a long-term relationship, we had a shared house and she's buying me out of my half. I moved back to my hometown and my thinking was always that I'd use the money to buy my own property. + +But now the dust has settled somewhat, I'm not entirely sure I want to root myself here, in my hometown. I'm single, early-30's, no commitments, so maybe a house isn't the smart thing. There isn't a great deal in my hometown other than my Mum if I'm being truthful. Old friends have moved away, or the connections have fizzled out. + +But I've sort of built an anti-rent mentality over the years, the idea of paying a landlord to pay off their mortgage instead of my own frustrates me. But is renting really that bad? + +I very quickly did some maths in my head just now, say I borrowed £170k for a new mortgage. If the interest rate was 3-4% I'd be paying £6-7000 a year in Interest (obviously it reduces as I pay more off). But that isn't far off what I'd be paying annually for rent. Not to mention stamp duty, solicitor fee's and house maintenance. + +And with the money I'd use for the house, I could instead invest it, certainly I'd fill up my S&S ISA at the least. And just continue to rent for the next few years and figure out what I'm doing in life! + +Maybe it isn't technically the most efficient financial choice, but perhaps the smartest.. what do you guys think? +I'm wondering what people do to overcome greed when it comes to trading? I have been trading this week and 90% of my entries were right but I fail to sell when I know I should be selling to take the profit before it drops, even tho I know I should be exiting the trade, but there is also the greed that tells me to wait a little more and always end up losing what I could have earned. I tried setting my goal of $200 which I reached but didnt sell due to greed. The fear of selling and the stock ends up skyrocketing and missing more gains, how do you do to control this sort of emotion? I'm aware that you gotta be emotionless but how do you apply it? + +Thanks guys +Long time lurker here! + +First off, I would like to give a big thank you to this community. If my wife and I had not been working towards FIRE we would not be in such a great position to help our 17 month old son. + +Recently, his pediatrician recommended he get evaluated for Autism due to some behaviors that were noticed. Obviously, this was very hard to hear as parents. Now that we have started calling numerous doctors, specialize daycares, government programs, and experts. We have found long wait times (6+ months) for many of services. + +Because of our high savings rate we are able to lean on our FIRE plans to skip the lines. The sooner you intervene with Autism, the better the outcome (typically). + +Need an evaluation now? Here’s a $2k check. +Need a deposit for specialized care? Here’s a $15k check. +Need a specialist program? Another check. + +These checks has been the easiest I have ever written and all been made possible by this community. Thanks again! + +Today I read [an article on common investing mistakes from 80,000 hours](https://80000hours.org/2015/10/common-investing-mistakes-in-the-effective-altruism-community/?utm_source=pocket_mylist). One part was about asset allocation and caught my attention was the following passage: + +> Many people I’ve spoken to are almost fully invested in US equities. I think the rationale for this is that equities have been the best returning asset historically, so there’s no reason to own anything else. Another rationale is that since you can’t beat the market, you should put everything into equities. + +> But US stocks do not equal “the market”. If you try to tally up all global financial assets, you get something like this: + +> * 18% US stocks + +> * 13% Foreign developed stocks + +> * 5% Foreign emerging stocks + +> * 20% Global corporate bonds + +> * 14% 30 year bonds + +> * 14% 10 year foreign bonds + +> * 2% TIPs + +> * 5% REITs + +> * 5% commodities + +> * 5% gold + +> This represents the truly agnostic portfolio. If you think you have no ability the beat the market, then this is the portfolio with the best risk-return. 100% US equities is a huge bet on just one asset. + +> From 1973 to 2013, a portfolio like this returned 9.9% per year. In comparison, stocks returned 10.2%. So you only gave up a tiny 0.3% to switch to this portfolio. + +> In return, you had far lower risk. The volatility of the 100% equity portfolio was 15.6%, whereas this diversified portfolio had a volatility of only 8%. The maximum drawdown was also only -27% compared to -51% with equities. The wide diversification also makes you less vulnerable to unforeseen tail risks. + +This is different from the standard bogelhead three-fund portfolio that I've heard about here on the r/financialindependence. Assuming that it isn't trouble/hassle for me to buy these funds in these percentages, is there any reason why I should stick with a three-fund portfolio? If I am planning for a long retirement, this seems like it would be pretty beneficial compared to the three-fund portfolio, right? It doesn't require a lot of extra work, and it has noticeably lower volatility. Does anyone have any thoughts on this? + +EDIT: formatting. +I hear a lot from "quants"/"traders" that they like volatility. As a retail dweeb I don't understand why they like it. I like little volatility and the market slowly going up with some small downturns. Naturally. + +Using options, how can you take advantage of volatility? Say my time horizon for the option(s) are 30 to 60 days. Is there something I can try with little capital to see how it works? +The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. The bill would come into effect on and after Jan. 1, 2025. + +The bill also stipulates that stablecoin issuers must hold securities in reserve that is not less than the total amount of all “outstanding stablecoins issued or sold in the United States.” +Hello, I'm new to trading, specifically Forex on Oanda. This is my first time going on Reddit or other sites just reading up on trading and it seems everyone only talks about blowing accounts and only 1% of traders are successful? I've started with $500 and I am currently at $855 and I just started last Monday. I don't do anything special just verify my indicators and trends with different time frames. Is the negativity mostly because successful traders don't have time to be on Reddit posting? Am I just having beginners luck? I know I could of had bigger profits, but I like following my trades with a trailing stop and I've noticed on some trades the candle will go negative, hit my trailing then continue into the profit but at that point I'm already out of the trade. In the beginning I saw it as a missed opportunity but now I just see it as guaranteed profits Also, once I get into a trade, if it goes negative over 10-15 pips, I'll enter another position since I'm confident in my trend patterns and indicators. Once I hit my profit or trailing, I erase all my indicators so I don't go back and question myself. Just wondering if I'm doing it right. So many posts about if you deposit $500 you'll blow your account so I'm wondering if this is inevitable or if I'm being too optimistic. Thanks. +I've been trading for 2 years now as a retail trader and I wouldn't say I'm killing the game. I have been making all the right moves, looking for major trends, noticing resistance and support levels and making entries at the right time but I have only one problem.... I don't know when to close a trade. I always leave it hoping that it would go for the next resistance or support level only to be disappointed and experience a reversal. +How do I close? +Hi Forex traders, I'm looking to get into some part time trading, but I cant even figure out where to start, there are so many different videos, courses, and gimmicks. +I am seeking a verified active trader, with a few years experience, who would be willing to answer some questions and help me figure out if this is really where I want to be. I would love to take you out to lunch / dinner if you're in central Indiana area, or if not PM discussion would be great also. + +Hope to hear from you soon! +When an online/physical store buys something to resell later, they apply a profit margin, but they usually don't double their money (risk/return 1/1), otherwise they wouldn't sell much. + +If you buy something to resell, you risk everything and usually don't double your money (rr 1/1). + +Buy an Amazon stock, you risk the entire stock and you’re sure not likely to double your money before you sell. + +A casino risks giving you millions to take your penny. If the trading logic applied to a casino, they wouldn't get a single customer. + +Services like insurance make their money with a bunch of small wins. Yes, they may pay 500k on a house fire when we only pay them $2,000/year or whatever, but in the end they always manage to profit. + +In other words, the world is based on negative RR. +You guys are fucking ridiculous. This whole downturn sucks, but you listen to the general sentiment out there and you realize, yeah we lost a bunch of money, but it's not 2008. + +Yet, I get on this sub and its pansy after pansy saying "oh no i lost a bunch of money", or "oh man, crash baby crash". Shut the fuck up. Both of you. This is a mother fucking correction. + +You think this fucking economy has that fucking China exposure warranting a fucking 1000 point drop. No. It fucking doesn't. It's a fucking shit blip, but who cares. Hell, I'm excited. It's good to see the wind get let out of our sails every once in a while. + +You dumbasses, this is fucking /r/investing. What are you here doing, playing fucking blackjack? Fucking invest. Invest you pussies. Fucking man the fuck up, and shut the fuck up. + +You bitches were mostly in middle school during 2008, so i get it. But fuckers, corrections happen. YOu'll live. Invest. Invest. Fucking Invest. + +I'm fuckin gdrunk. +I'm a 21 year old male working towards a mechanical engineering degree and I've slowly realized the whole reason I'm getting this degree is to have a healthy salary out of college to jumpstart a full time real estate investing lifestyle. I figure it would be more beneficial to go ahead and start from the ground up to start building connections and getting experience now. I plan on taking this next year off of college to get an entry level job in real estate (are there any other entry level jobs besides property management that could benefit me?). I plan on doing this for about 6 months - 1 year and then maybe working as a carpenters apprentice for awhile to help benefit me when I decide to start flipping houses. + +&#x200B; + +As you can probably tell I'm a little lost and building a good path to success and would love to hear from successful real estate moguls here about how you got started and perhaps hear a little breakdown of your timeline to how you got where you are now. + +&#x200B; + +And also, would a path to commercial real estate look the same as residential real estate? +So far I've: + +1. Signed up for for a free year of credit monitoring service provided by my old employer + +2. Placed a 90-day fraud alert on the 3 credit bureaus + +3. Monitoring my Credit Karma account every week for suspicious activity + + +Update: Found the [wiki page for dealing with identity theft](https://www.reddit.com/r/personalfinance/wiki/identity_theft) +Noticed that it had been a month or so and my rent check was never processed. Told my landlord, who then said it was lost and that I need to write a new check immediately. + +Wrote the check and asked them not to process the original if they happen to find it. + +They deposited both checks, so now my bank account is overdrafted and I don't have money for bills/groceries for a couple of weeks. + +Is there anything that I can do in this situation? + +I live in Texas and own a storage facility (just me, no partners) I am wanting to start an LLC and put this business under it (currently registered as a dba only). I have checked with the state to see if the name +I want is registered (it isn’t) what are my next steps? + 18(m) here needing some advice about buying a car. So, I have been sharing a car with my older brother for a few years now, and have been working in the mean time. I have about 7k saved up rn. I have been looking for a Datsun 280z for the past couple of years, as it is a dream car. I have an opportunity to buy one from someone I know for 10k. + So, Do you guys think it's alright to spend all of my savings with a small loan from my parents that all of my future paychecks will go towards to pay it back? Or should I just continue to save up? I have been waiting for a moment like this for awhile,but just don't know about having literally 0 dollars in my bank account. + +Thank you for your time :) + +Edit - Thank you all so much for the info! I have decided to not buy the car. Instead, I will save up some more money, and maybe invest some of it in the mean time. I'll get some in a year or 2 +This might be a dumb question, but everywhere I look I’m told that the maximum mortgage someone should take out is 2.5x their annual income. So 60k a year (approximately my income) would be a 150k house. I’m 26 years old and I just bought my first house this year, starter homes don’t sell for 150k where I live, my mortgage is around 220k. So naturally I thought wow I’m going to be broke but I guess I have to bite the bullet. What I’m confused about is, I’ve managed to save over 12k this year, plus 403B contribution of 6%, plus going out to eat and buying two new tv’s repainting whole interior of house, and also the 20k down payment on the house. I know this year we got stimulus money so that might be a factor but even still. So now I���m a bit confused, where is this 2.5x annual income number coming from? It must be either extremely conservative, or assumes everyone is in massive amounts of debt, or is there something else I’m missing? +Dear fellow retards & autists, + +The shit-tier level of journalism covering the GME saga has been a fucking disgrace. Half of it is plain financial illiteracy, and the other half is inter-generational bashing and fear-mongering. You think it's been bad thus far? The squeeze hasn't even really set off yet, can you imagine what happens next week when the stock hits the low triple digits? Eventually to 420.69? End game of 1000$+? Lets recap what has happened so far: + +**False media narrative #1**: Recent rise of GME is due to sHorT sQuoZe!!!1! + +**Reality**: GME is an undervalued company & a turnaround story. Investors are finally starting to notice. Short squeeze hasn't even started yet. + +*January 13th* - We had our first breakout to 30$ from the sub-20$ doldrums, the shit-tier level reporting started immediately. The media went balls deep on the short squeeze narrative despite absolutely no evidence that shorts had covered at all. Rather it was just long buyers piling in. For example, [Bloomberg](https://www.bloomberg.com/news/articles/2021-01-13/heavily-shorted-gamestop-soars-most-ever-as-day-traders-circle) titles their article "GameStop Surges Most Ever in Short Squeeze After Cohen Move" despite quoting Ihor Dusaniwsky stating the opposite in the body of the article. + +*January 14-15th* - The stock bounced from the mid to high 30's. [Forbes](https://www.forbes.com/sites/petercohan/2021/01/15/with-138-short-interest-board-change-sends-gamestop-stock-soaring/?sh=21052b426da8) reports "What drove up GameStop’s shares was a short-squeeze on steroids." despite no evidence to support that claim and while quoting Ihor Dusaniwsky saying the actual catalyst was due to stronger holiday sales & board shakeup. + +*January 22nd* - GME breaks out yet again - hitting the low 70's before settling to the 60's. [CNBC](https://www.cnbc.com/2021/01/22/gamestop-soars-nearly-70percent-trading-briefly-halted-amid-epic-short-squeeze.html) proceeds to again spread the falsehood about "massive short covering" with absolutely no evidence to back that up. Rather the bump was a result of a gamma squeeze. + +**False media narrative #2**: Rabid retail investors are victimizing the poor short sellers + +**Reality**: Short sellers have been conducting illegal naked short selling to drive a company employing tens of thousands to bankruptcy. + +[Bloomberg](https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility) blithly characterizes reddit as an "angry mob" out to attack poor little Citron. Bullshit, an angry mob is what stormed DC on Jan 6th, not a bunch of random individuals that left internet comments you didn't agree with on your youtube video. No mention of Citron's far shadier and illicit history. + +[Wired](https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/) re-urgitates Andrew Left's baseless claims of being "hacked" and "harrassed by pizza deliveries". No mention of Citron's  track-record of making baseless fraud allegation and market manupulation + +[WSJ](https://www.wsj.com/articles/short-bets-pummel-hot-hedge-fund-melvin-capital-11611349217) sympathetically mentioned "Many investors have complained about short squeezes that have left them nursing losses." and then going on to write a gushing biography about Gabe Plotkin. No mention of illegal naked short selling or that Gabe drove GME all the way down to 3$ but was too greedy to lock in his profits. + +We, the retail investors, didn't do shit other than invest into a company that deserves a second chance. The shorts put themselves into a precarious situation through their own greed and illegal naked short selling. The media wants to punch down on the "easy" target: Reddit and WSB. Reddit is scary to boomers who can barely navigate the reddit UI, let alone get an erection. They prefer facebook, where fake news can be piped directly into their senile brains. This mis-information will just get worse from here on out. + +We can and should push back, not by some centralized WSB twitter handle, but by what we do best: acting as individual retail investors who advocate for the truth on our soapboxes of choice. + +TL;DR - Stay strong and 💎🤚. Don’t be afraid to correct the fucking record. +Apologies if this is more of a relationships question than a fatfire one, but I didn't think it would be taken seriously on another subreddit. + +My parents have taken care of me for my entire life. They paid for everything when I was younger, supported me through college and paid my tuition so I was able to attend an expensive university and graduate without debt. Then they let me live home rent free for the first few years after graduating. I would consider them somewhere around upper middle class - making somewhere around $200k / year between the two of them. I've been fortunate enough to get in early at a very successful company, and am now making many times the combined annual income of my parents. + +Lately, with the economic hardship, things are getting tough for my parents. They're getting by ok, but I know they've had to delay their retirement by at least a few years, which is crushing for them as they are nearing their mid 60s and were so excited about quitting the rat race and enjoying retirement together. + +I have the money to help out, and I want to help out. I could easily help pay off their mortgage, or even just repay the money they spent on my tuition, which would go a long way towards getting them back on track for their retirement. But I also know that if I offered this my parents would immediately refuse and that it would wound their pride pretty deeply. I don't want to risk damaging my relationship with them or making it awkward, but it also hurts me to see them watch what could be the best years of their retirement passing by while I sit by and do nothing despite having the power to make things better for them. + +Any advice, or suggestions for a way to help out in a way they might accept? +Age: 28 + +NW: 600k + +Location: VHCOL + +Employment: FAANG (L6 SWE) + +I've currently been thinking about diversifying some assets from pure equities. For the past 6-7 years, I've been purely a ETF (SPY/VOO) and forget kind of person but now given that home prices seem to be falling across the US, I've been looking to diversify a bit in RE. + +My general train of thought currently is to pick up 1-2 (120-150k) properties **in cash** elsewhere in the United States as a set of properties to begin learning the business. I've been thinking about this since home prices seem to be falling due to a higher interest rate environment. I fully understand that with only 1-2 properties, I am not on any FIRE path. The purpose of this is to learn more about the RE industry with some cheaper properties and eventually scale up if this is a area that I would be interested in. + +Given that interest rates are currently higher than normal, is it worth still getting heavily levered to purchase RE? Are there specific benefits with having a mortgage vs paying in pure cash? + +What is the experience with living in California (NorCal) for example, but managing properties in WY or AZ? It seems like I would have to 100% go with a property manager for these use cases given my current full time job/location. +The worst part about having a kid for me is the constant picking things up. The house is a disaster every single day. It’s just an explosion of toys and STUFF. + +I’m a HENRY and just want either some peace after the little one goes to bed or more often than not the time to go into the home office right away to close out left over tasks from the work day or to set up the next day. My most productive hours are often 8-10pm when I elect to sit down and work at that time. No distractions. + +Ideally we’d have someone who comes for an hour to put stuff back in its place and do the dishes so I don’t have to deal with these repetitive tasks. We already get the house cleaned every two weeks and the cleaners do a great job. We spend a lot of time the night before getting the house organized enough to get cleaned. + +The toys have their dedicated spot and containers or drawers, they just migrate each day. + +Anyone have someone like this who drops by for a short time in the evening? How much do you pay? + +Edit: thanks everyone. Kid is 18 months so just learning the concept of “putting back”. A few months ago it was only take everything out of whatever it was in and scatter it without any notion of putting things away. She does do a great job picking up every bath toy and reaching over the tub and putting it in the bin. In that controlled environment it works great so we’ll work hard on expanding that. It’s been too long since we’ve done a toy edit so we’ll do that right away. It’s so obviously but ya’ll just had to point it out to me. It’ll just get better with teaching and time and she’ll be better if for it too. The best suggestions seem to be doing the clean up right before bedtime instead of after so she can see and participate. For now I’ll just suck it up. +I've tried 2 CPAs, and they both were shockingly bad. I was basically telling them about tax strategies that I read up on on google that they had missed. The issue is that I found them on yelp (they had good reviews), but they didn't feel like they were good at all. My problem is that most of my friends who have tax advisers are well to do from their W2s, and a lot of my money is derived from my LLC. So basically, I don't have the ability to get one via word of mouth that would be relevant to my needs. + +Does anyone have any guidance regarding good tax advisers without a warm handoff? +I hope this is the right sub to post this on. + +I'm in the middle of moving apartments and had a bunch of trash and broken furniture that I needed to throw away. I paid a friend to help me move the trash from my apartment to the local dump, but something came up in the middle of us loading it on his truck and I had to leave. My friend told me he'd be fine moving the trash by himself while I took care of what I needed to take care of. +A few days later, I'm in the middle of packing some things when I realize I'm missing a few folders with my social security card, birth certificate, passport, and old tax return documents. In the chaos moving boxes and cleaning out my house, I had left those folders out near the trash pile like an idiot. My friend understandably thought it was trash and took it to the dump. + +I'm just wondering what I should do from here. I just applied for a new birth certificate and reported my lost passport. I called social security but the woman on the phone told me I didn't need to report my lost social security card unless I think my identity has been compromised, but I read online that I should report it to social security anyway just to have a record of it? And that I should also make a local police report just to have it on record in case of the off chance someone gets ahold of those documents? Should I do anything about the old tax return documents? Really sorry if these are dumb questions, I'm pretty overwhelmed with all of this atm and it feels like it's clouding my thoughts. + +&#x200B; + +tldr; My social security card, birth certificate, passport, and tax documents were taken to the dump and I'm wondering what I should do about it. +Lately I’ve seen a large influx of new entrants posting that they are ready to start daytrading; some with large sums of money ready to start clicking buttons to make the money printer go brrrr. + +So with this post, which has also been asked plenty of times, I figure we can have those consistently profitable offer some of their real hard views of what it took. + +In general, the sentiment seems to be 2-3 years of day in and out trading, journaling and research. I know for me this was true. At 1.5 years I started cracking my own personal psychology and risk management. I still had some awful losing streaks after that, until about 2 years in when I was finally showing some consistency. + +How about you? + +-- + +EDIT: Thank you for all the great answers. We've had a range of about a year, to very consistently between 3-5 years, and more for some. + +In the future, some new day trader will stumble upon this post. Maybe they're fed up with their job, they just got laid off, or they're just curious. I hope these honest answers below give you an idea of what lies ahead. It's a tough journey, and nothing is more important than pure chart time, and that could at minimum take a year of dedicated work. Good luck! +Earlier this hour, Steve Hanke, an economist at Johns Hopkins University, tweeted that he calculates Russian inflation to currently be at 69.4%, given the Ruble's 47.33% slide since January 1 of this year. + +We did it, boys. + +Source: [https://twitter.com/steve\_hanke/status/1498156978480295940](https://twitter.com/steve_hanke/status/1498156978480295940) + + +Edit: This post has now hit 6,969 upvotes. Nice +At what income or NW level did you stop worry about using 3 different cards on a daily basis, or different cards in general to earn credit card rewards on purchases? + +For example, I currently use Amex gold for food/groceries, Amex platinum for travel, delta card for delta flights, different card for gas, etc. I do this to maximize rewards/points. However, it gets slight bothersome constantly having to worry about which card to use, and making sure all cards are paid on time, plus carrying 100k+ available credit in my wallet may be a security risk. + +I have considered putting all personal spend on just 1 card and making it easy, while I will maybe earn $1-2k/year less in rewards, but it would simply my personal finances and stress of paying cards off on time. + +What do you all do? + + +Mods- please delete if not allowed. +Seriously. Take a step back for a second and look at yourselves. Everyday I come to this sub for entertainment and not once have I ever been disappointed. The undeniable reality is that the market does what it does and nobody understands why, yet every other motherfucker in every comment section is certain about where the market heads next. “This is definitely a bear market rally. But also maybe that was the bottom. But we’ll probably see new lows by January.” Do you idiots ever pull your heads out of your gambling addict asses and realize that your basing all of your financial decisions on blind conviction? Every time I see another genius in these threads commenting with certainty about where the market’s headed, all I can picture is Adam Sandler telling Julia Fox “I’m gonna hit so big, baby,” and we all know how that ended. + +Seriously, I was reading a comment by some degenerate moron yesterday about how many puts he bought after the media reported missiles over Poland. Before this fucking idiot even gets conclusive reporting, he’s dumping his wife’s IRA contributions into NVDA puts in one of worst tech bear markets in history, all while feeling low key excited by the prospect of WW3. Pathetic. Also notice I’m assuming “he,” that’s because no woman on earth could possibly be capable of such meat-headed idiocy. Seriously. You’re all fucking unbelievable and you’ll never win this game long term with such degenerate, irrational behavior. + +Positions: All in PLTR, loading QNT XRP BTC on FTX collapse news. This is the bottom. +I gotta say, I see some good shit out there. I see new members trying to diversify their positions and learn about other stocks and other ways to make money. This is the path my fellow retards. I'm a nobody here, but I have good returns and some good insight. When I came to WSB, multiple people helped me figure out what the fuck I was doing, because I knew jack shit. I care more about my money than yours, but no retard should be left in the dark alone. So let me pass on a couple things. I can't prove shit to you, so read this or don't. + +I mainly trade options (Calls and Puts), so that is what I will discuss + +Generally the most insane gains will come from being in a specific stock and not an ETF or Index. While riskier, this is where you can hit the homeruns. So decide if you want to go for conservative gains or if you want those huge swings. While what I said is true, I am usually against putting everything into a single bet. Anything can go wrong at any time and no play is 100% guaranteed. The goal of this game is to stay alive. You will lose money on a play at some point, because it is inevitable. So never let yourself get wiped out, because you can always build yourself back up. This goes along with one of my other recommendations: always have SOME cash ready to go. You never know when there might be an incredible opportunity and you do not want to get caught with your ass hanging out. + +Paper hands and diamond hands are just words. You ultimately decide when you want to sell or hold and how much profit you want to take. One of my favorite strategies is to say, buy an even number of options on a play, sell half at a modest level of gains (like enough to break even or gain a little bit) and then let the rest ride longer. Look guys, on many plays, you either paper hands at some point or diamond hands long enough to see your positions go red. Some people will bail at 40% gains and others might not take anything less than 500%. Just know that chasing endless profits ups the risk factor, so YOU decide when it's time. Having a target share price for the stock is also a good strategy. + +Here's a couple psychological principles in investing. Studies have found that people tend to hold onto losing positions too long and sell winning positions too early. They let their losers lose and cut off their winners short. Apparently most people hate losing more than they like winning. Think about this before you sell. Stocks can often get hot and run multiple days in a row. Sometimes a stock will have one red day and then keep up going. This is why it's important to know WHY you got into a position. Trust your DD and stick to the plan. I had ideas for plays where they went red right away and I bailed... only to see them moon. "Diamond Hands" means that you don't dump your position instantly if it goes down. The hardest thing is knowing if you should cut losses or diamond hands. I'm a retard and we're in a bull market.. so often times the stock will eventually go up. Your call though. + +The market makers and big boys want you to lose. They want your money. I'm not going to dive into the realm of possible illegal activities that they may use, but just point out some simpler tactics they will use. Big money often sees retail as "weak hands" aka Buy High and Sell Low. They know FOMO is strong when a stock is going up big and that fear takes over when a stock divebombs. We're in a bull market, which means stonks only go up. However, we still have negative days. Stocks sell off sometimes and things can look bad. Generally, the dip is not time to sell, but instead, time to buy. Case and point, we had a pretty big drilling 2 weeks ago. Do you know what the big money did? They bought the fuckin dip and snatched up everything for cheap. We've been mooning ever since. + +Sometimes shit makes no sense. A company can have blowout earnings, exceed expectations, and the stock will tank. I was holding one stock a little while ago that reported a fantastic earnings and proceeded to drill to the core of the Earth that day. It was total bullshit and I knew it, I trusted my DD. So instead of panic selling, I added to my position. Sure enough, the stock began swinging upwards and hit an all-time high just 2 weeks later. This is why simply gambling can bite you in the ass. It's easy to get scared and sell when you doubt yourself because you picked a random thing to buy. + +Option Expiration Dates matter. Buying a 1 week option is the cheapest and gives the biggest percentage of profits if it goes your way. However, it can often be a noob trap. One bad day or one piece of bad news can kill your entire position. Stocks trade sideways sometimes. Sometimes they don't do what you think they should do. And sometimes the whole fucking market shits itself for seemingly no reason. So give yourself TIME to work with. Time costs money and hurts profit margins. But it is better to consistently make 50% profit than to hit one play for 300% followed by 10 losers. Look, playing weekly stupidly OTM calls is fun as hell and is a huge rush when it hits. I do at least one or more every week. The key is not loading your entire portfolio into this shit. Remember, no tendies = no more fun. + +Along the same lines, Strike Price matters. An OTM (Out of the Money) option means that the Strike Price is a bit of a ways from where the stock's price currently is. OTM options give huge profit margins the further you go out. I personally enjoy using them.. some people don't. But my advice is to balance risk with profit potential. If your call relies on a stock gaining 50% in 2 weeks.. then well, it's probably not gonna happen. ITM (In The Money) options means that your stock is already within the strike price. ITM is a more conservative play and sacrifices massive gains for lower risk. + +[https://www.optionsprofitcalculator.com/calculator/long-call.html](https://www.optionsprofitcalculator.com/calculator/long-call.html) \- Use this to get an estimate of potential profits and how much of a move you need + +Leaps are fuckin dope. A Leap is a call, but for a much longer period of time. I'm using the term loosely because we're degenerates and some people might consider anything more than 1 month a leap. Given that the market trends up over time, you might even make some money on a mediocre stock this way. A lot of people buy ITM leaps, but again, I'm a degenerate and go OTM a lot. + +Implied Volatility (IV) - Extremely fucking important. IV is basically an estimation of how much a stock is predicted to move in either direction. High IV = Expensive Options. It's fucking weird to think, but you can make similar profits from a 2% move on a low IV stock as you can from a 5% move on a more volatile stock. Low IV is fantastic when buying an option on a stock that you think is about to moon. High IV is riskier, so you damn well better think the stock can make some big moves. Buying an option on a stock right before Earnings Report (ER) will be more expensive due to IV. Trying to play ER is usually for suckers, unless you have some really good DD about why a company might deliver a huge surprise. One of the textbook big boy moves is to pump a stock going into ER. The company will deliver great news and then dump hard. You may see people bitching about this very soon. Basically, big money knew ahead of time it would be good, so the stock got pumped and then they took profits. + +Buy the rumor and sell the news. Events, press releases, and important dates that everyone knows about are another trap. You will get shit on. Ask someone about TESLA Battery Day. Positive rumors will send a stock soaring though. + +Finally, get busy learning. Read about Options on Investopedia and any other things you do not understand. The big boys rely on us to not know what the fuck we're doing to take our money. Learn about the general market. Stocks are grouped into "Sectors" or categories. Start figuring out what they are and pay attention to where the money is going. I didn't even mention half of the shit that goes on in options, so that's on you. The first thing you need to do is to learn what the "Greeks" are. That will teach you how options function. + +[https://www.investopedia.com/trading/using-the-greeks-to-understand-options/](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/) + +If anyone wants to talk or discuss, send me a message. I'm a degenerate with no life. + +Oh and, if you follow someone's DD and lose money that's on you. I've come up with some genius shit, but I've also lost on some retarded calls. Nobody can pick you a guaranteed winner and hindsight is 20/20. + +May the gains be with you +[https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/auto-companies-slam-brakes-on-production/69718795](https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/auto-companies-slam-brakes-on-production/69718795) + +&#x200B; + +Plant shutdowns, auto dealer closures, sales fall. A good thread discussing this in the team-bhp. + +[https://www.team-bhp.com/forum/indian-car-scene/208971-slowdown-bites-hard-205-dealers-shut-down-rs-2000-crore-losses-3000-jobs-lost.html](https://www.team-bhp.com/forum/indian-car-scene/208971-slowdown-bites-hard-205-dealers-shut-down-rs-2000-crore-losses-3000-jobs-lost.html) + +&#x200B; + +Might be interesting to see how this translates to the rest of the economy over the next 6 to 12 months. +31M, am about to close my home loan in the next 2-3 months. I currently live in this mortaged 2BHK (in Gurgaon) with my 2 yr old daughter, wife and parents (both 60+) + +Now that my monthly EMI amount is freed up for investments into our future, looking for advice on what to do? + +My current portfolio is 10lacs in equity MFs, 3lacs in NPS, a few lacs in PPF. About to buy health insurance this week, for all 5 of us. Term insurance already in place worth 1cr. I plan to increase my monthly SIPs by a substantial amount once my EMI is over, as well as diversify it into 70% equity, 30% debt. + +Apart from general advice, please help me understand if I + +1. Should invest in more real estate? Like a 2nd house, plot, etc? +2. Gold? Wife would love it, but am strictly against buying jewelry as an investment. Much rather buy Gold bonds, etc. - if at all I do buy + +I quite like my job. Unless something goes wrong, I dont really intend to RE. My long term objectives are healthy living, financial independence, and saving up for a Harvard level education for my daughter. Wife is also working, though she is extremely confident she wont be working beyond 40 - more because of industry changes than capability/health issues! +I can understand if someone doesn’t invest in stocks. But any particular reason they don’t invest in Mutual Funds. + +This is a follow up question to “Why do most Indians think stock market is like gambling?” + +Mutual funds are less risky than individual stocks. + +Since inception, Nifty has given a CAGR of 12% while Nifty Next 50 has given a CAGR of 17%. +https://www.bloombergquint.com/markets/portfolio-managers-face-the-worst-rout-of-the-year + +Interesting article. Flashy ones( EI, Basant Maheswari etc. ) have suffered more than the conservative ones( Ambit, Quantum etc. ) +Porinju has completely eroded the capital of his investors. Investors are paying a price for his flashy style and bold statements. + +Ambit which lagged pretty much everyone and was the only outlier with bearish sentiment last year, has done pretty well and come out on the top YTD. I wonder which one would provide a better CAGR in 3/5 years. + +Would be an uphill task for Porinju to first recover the capital, then meet the benchmark and then generate some alpha +I am an immigrant, came to US 18 years back. Single income earner with 2 kids. My salary for the first 10 years was in between 50K to 80k. I read about FI around 8 years back and realized my salary was not enough to become FI. I completely focussed my attention on getting job that paid well. Luckily I was working in IT so it was easier to find ways to make more money including technology and companies to target. +I started studying and practicing for interview in December 2012. In February 2013, I found my dream job paying me 130K for a big 5 consulting firm. I stayed in the company for a year, all the while continuing to practice and study. In 2014, I landed another job for 170k. I was happy but I knew I could do better. So, continued study and found my next job for 200k in 2016. +I hate my job but funny thing is I hated my job even when I was making 50K. So for the greater good of getting to FIRE, my plan is to continue working for the next 3-5 years and then FIRE with $2M. I blame myself for not saving enough in the first 10 years but better late than never. +Thanks for listening. I do not have anyone else whom I can share this so sharing here. + + +My expense is currently around $6000/month( varied from $2500 to $6000), invest everything else in VTSAX. Also started investing in AAPL since 2014. + +2000 - 2012 : Salary between 50k to 80k + +2013 - 130k + +2014 - 170k + +2015 - 185K + +2016 - 200k + +2017 - 200K + +2018 - 200k + +2019 - 200k + + +I am currently at $1.3M. I know a lot can change in the next 3-5 years including I can loose my job, obamacare repeal, I can get burnt out etc etc..I will change my plan and even my location when that happens. + +FYI, this is my first post, please forgive my english. I hate writing just like my job :). I know my salary is higher than most others folks but please do not treat this as bragging post. I do not think I have done enough to brag. I am really a nobody and have nothing to brag. I still am only 60% of my target, rent my apartment and drive an old corolla, nothing to brag. I hope someone finds my increase in income inspirational and tries something similar. + +Edit1: my expense varied from $2500(single with no kids) to $6000(married with 2 kids). And no, I do not have any crypto and never received any inheritance. Its all hard work and saving. + +Edit2: In one of my humble days, I promised myself that I will help at least 1500 people. I am not there yet to provide monetory help but would love to help provide guidance to anyone who is trying to increase his salary. Remember, if a lazy bum and a job hater like me can do it, anyone else can do it. Even if you are not in IT, research based on your education and experience, what job pays well and then go all out. Think and work on it night and day and you will succeed. + +Edit3: I have not stopped trying to increase my salary more. My next target is $250K to $300K. If all goes well and I can motivate myself, I will get there by March of next year. + +Edit4: I have been a good saver my whole life even when I was making $50k. But of course, when I look back I think I could have saved more and invested. Thanks to my Parents who taught me how to live a happy life with modest income. + +Edit5: All of you who reached out to me for suggestion via DM, I promise I will respond to each one of you. My purpose in life is to retire and then spend my life helping other fellow human beings. Thank you for reaching out. +Tastytrade made a mini series on YouTube called “trade talk” of traders giving advice on how they trade. Tom Sosnoff appeared in a video called “How to build a a portfolio using complex options strategies” and it had me thinking. Sosnoff preaches to diversify your trade into stocks that are uncorrelated with each other and to “trade small, trade often.” Sosnoff’s trading philosophy is a great way to get consistent result but can his trading philosophy be done on a smaller account ($2,000-10,000)? Is the wheel the best way for a small account getting started to get consistent result and grow their accounts or is there a better way? +Most of the time when I sell a contract I will immediately put an order to buy it back for about a $5 profit then sell it again. Normally this only works a few times but every now and then I find a low liquidity contract that I can abuse dozens of times. Made a couple hundred doing this so far. + +Just wondering if any of you do the same thing on generally lower volume stocks with low liquidity contracts. + +*I realize it’s really just scalping, sorry for using the wrong term, it sounds cooler though lol +Been lurking this sub for a while and just STO my first cash secured put. aint no way google is going down more + +GOOG 95P 10/28/2022 + +any thoughts? was this a dumb move? +Hi everyone! + +We're trying out something new for the subreddit! For the next 24 hours, we've asked the automoderator to restrict submissions to journal articles - specifically, we've asked it to remove posts that are not from www.aeaweb.org or www.nber.org (The American Economics Association, and the National Bureau of Economic Research). + +Why? In our recent [state of the subreddit discussion](http://www.reddit.com/r/Economics/comments/1p6wpl/state_of_the_subreddit_lets_us_know_what_you_think/) a lot of people asked us to try and raise the submission quality. A few people even said it should be just economics papers entirely. We're not going that far (we think that there is a lot of value in /r/economics as a "news from the economists perspective" subreddit). But at the same time, we would like to try and carve out some more space for discussion of academic articles. + +Why today? Well, the Journal of Economic Perspectives' Fall issue came out yesterday! The articles are all freely available online, so there is plenty to discuss. This issue includes a retrospective on the first 100 years of the Federal Reserve, so I know everyone will have some interesting opinions! + +Remember that this is an **experiment** - we wanted to test this out, and see if its something we'd want to do more of going forward. Even if we do this more I don't expect to do it more than one a month or so (and my current, pre-test preference is justdo it every three months when the JEP comes out). We're not shutting down news links on a permanent basis. + +We'll be keeping a closer-than-usual eye on modmail tomorrow. If there's some big economics news that really needs to be covered *right now* let us know, and we'll end this experiment. + +Please let us know what you think, and keep telling us what we can do to improve the subreddit. + +edit: I've added jstor.org, aaea.org and repec.org as per some of the suggestions I've received. + +edit2: Automod deactivated. Thanks for indulging us, everyone. +Before you all banish me to r/AusFinance hear me out. I've posted this as there was a 2:1 ratio on those who wanted to see this. + +**TLDR:** Potential double digit % dividend yield for July 2020 distribution for ETF:HACK. + +=============================== + +**THE PLAY/Bet:** + +ASX: HACK (that's the ticker code for the noobs, you trade this like any other stock on ASX) + +&#x200B; + +**BACKGROUND:** + +It's a relatively new ETF (2016) purely in the global Cybersecurity sector, Which is currently all the rage with the recent cyberhacking in the news. + +Being an ETF, capital growth is quite slow and gradual, but looking at their previous dividends, and the fact since Covid, everyone has gone to Working From Home and have been requiring cyber upgrades, plus the increased media content about cybersecurity, HACK(and it's companies that it represents) will be most likely benefiting greatly from it. + +&#x200B; + +**WHY:** + +Judging by the graph Pre-Covid it was on a very strong uptrend, and is heading back. With Covid, undoubtly these Cybersecurity companies that make up the HACK ETF would have seen large increases in revenue, thus, more profits, leading to today's r/ASX_Bet: Large % Yield Dividend payout. + +Previous Dividends: + +July 2017: 14.35c per share (2.8% yield) + +July 2018: 31.67c per share (5.85% yield) + +July 2019: 69.36c per share (10.27% yeild) + +**July 2020: ?$$? EDIT: DIVIDEND Price 79c per share.** + +Today's (23/6) Open Share Price is: $8.18 per share. + +**NOTES:** + +Key Dates (based on previous years, dates may change): + +Estimated Distribution Annoucement Date: 26 or 29 June + +Ex Distribution Date: 1st July + +Record Date: 2nd July + +&#x200B; + +&#x200B; + +**WHAT DOES THIS MEAN?** + +It means you need to have purchased HACK and have it SETTLED (T+2, 2 days) by the 1st of July, or you will not get this dividend. So buying into HACK by **Friday 26 (latest)** and continue hold till the record date, you'll be fine. + +QUOTE: "You must be registered as a unitholder of a Fund as of the Record Date to be eligible to receive a distribution. To be eligible, you will need to have purchased your units prior to the Ex Distribution Date, for the transaction to have been settled and for your unit holding to have been entered on the register as of the Record Date. " + +PS: If this does not play out, at least you will be holding on a future-proof stock that will continue to give you gains, instead of another falling knife like others we have seen lately. + +====================== + +I know there's going be some haters, but I don't give a shit save your breath, this sub has barely any content, the mods were right about the current state of this sub. + +DYOR. +[https://finance.yahoo.com/news/american-battery-metals-corporation-files-123000745.html](https://finance.yahoo.com/news/american-battery-metals-corporation-files-123000745.html) + +It will be interesting to see how the share price gets handled to meet up listing requirements. General feedback from management is they do not want to do any splits. +https://www.youtube.com/watch?v=eA0Uy926ozY + +Never listen to this guy Kevin, he's delusional. Sam had access to all trades, liquidations, insider info, listings, pumps dumps. Got commissions, Got into project that gave him free tokens, printed billions out of thin air with FTT and somehow he found a way to make losing trades and have shit risk and scam all his investors and customers. + +And Kevin is sucking him off, wishing to work with him again? + +I've seen some stupid stuff this year but I literally was lmao at this. If you have anything invested in Kevin's company you should exit ASAP. + +He seemed so risk adverse in that stupid show but here he is showing not an ounce of risk management before, during, after this FTX thing. + +Just remember this idiocy the next time he shills you something on his show or interviews. + +Hopefully this is enough characters. This is comedy, I'm pretty sure. + +Don't forget how stupid Raul Pal is either (telling people how great Luna and Sol was). I can't wait to see Jonah Hill play SBF in the stupid documentary + +Just remember in 2024ish when guys pull the same playbook. +https://www.nytimes.com/2018/08/27/business/housing-prices-tax-law.html + +Interesting, so the mortgage deduction is gone for houses less than $750K but you can still deduct them if you buy multi-unit, right? +I was irresponsible after college and got myself into a lot of credit card debt, always thinking I'd get a better job and pay it off eventually. That didn't happen and it snowballed until I could barely afford the minimum payments. I was making less than $30k/year and I was freaking out because it seemed beyond my control and I didn't know what to do. + +This was a year and a half ago, and I had over $13k all on one card, with 17% APR. I decided to start budgeting and get a card with 0% APR (for a year) and no transfer fee. I paid as much as I could until the year was up, then applied for another 0% APR card and transferred the balance again. That was 6 months ago and I'm down to $4k left on the card now. I plan to have it completely paid off by August, maybe sooner. + +I'm starting to feel like a tremendous burden has been lifted and I don't want to screw it up. My credit score is pretty good (749) and I'm now making $35k/year. I still have $20k in student loans, and I'll be putting any extra money towards that as soon as the credit card is paid off. What should I know going forward? How do I keep my credit score as high as possible? +Once you’ve determined to enter long or short, what strategy do you use to determine your initial position size, determine when and how much to increase your position if the market goes in your direction, and determine when and how much to decrease your position once the market tapers off? +Hong Kong’s stock market was down on Wednesday. The Hang Seng, which ended the day at 1.7% lower, suffered from a selloff thanks to Wharf Real Estate Investment, down 5.4% and New World Development, which fell 4.2%. + +“We’re going to see a hit on the markets because the ramifications of the bill are so significant,” Richard Harris, chief executive officer of Port Shelter Investment Management, told CNN. + + +Francis Lun, chief economist of GE Oriental Financial Group, doesn’t think markets will crash. + + +“The economy will keep on humming along, and as far as the political scene is concerned, China has control of everything. What can you do? Everyone will protest, but it will remain the same,” he said. + + +The protests could drive more investors in both mainland China and Hong Kong into Bitcoin, continuing a trend Forbes contributor Jeff Kauflin reported on in May. + +&#x200B; + +Chinese customers have trouble trading institutionally due to regulatory uncertainty so its tough to gauge the size of that market. “Most of OTC trading in China happens on WeChat groups,” Dave Chapman, chairman of OSL, a Hong Kong OTC brokerage that reportedly trades more than $1 billion a month told Forbes. “You don’t have a reputable, 24-hours, 7-day-a-week operation in China.” Chapman estimates that up to 20% of global crypto trading volume originates in China. + +&#x200B; + +Continue reading: https://goldsilverbitcoin.com/are-protests-hong-kongs-brexit-moment/ +This is how I remain calm and keep my sanity as a long term holder and believer of the crypto landscape. + +#Set Goals + +My goals are as follows. + +1. Read and DCA +2. Decide what portion of your stack you will never touch and what portion you want to trade with. For me I've never had more than 15% of my assets on the exchanges. I only spot trade when I trade. +3. Set a price for one target at what you want to take some profits maintain your local garage band Rock and Roll Lifestyle. Basically recouping your initial investment and pay off something that you will never have to pay on again once you do it. +4. Set your second price Target for which selling a portion of your assets will allow you to do some real magic. Personally I never want to sell more than 30% to achieve this. +5. Down markets are an opportunity to dig deeper in the tech and make some decisions about larger purchasing opportunities. +6. Be patient. Time is on your side. I'm talking about years not weeks. +7. Watch for Black Swans. + +Sticking to these goals as help me remain calm. What sort of goals do you have? What other goals should I be implementing? +Players, what are your thoughts here? + +I got into crypto majorly because every source out there was selling it as the game changer due to its Decentralization. This to me meant, I am not obliged to share any personal information when doing transactions or my daily business. + +However this is changing. I don’t know if it’s a law, but most exchanges now have a KYC process that every user has to fill up. If you read on matters KYC in crypto, most articles are pegging the introduction of these protocols as necessary. This [article](https://www.financemagnates.com/thought-leadership/decentralized-kyc-protocol-a-gamechanger-for-defi-institutional-market/) in particular, says that KYC Protocols is a game changer in DeFi. How so? Where is the freedom here? The freedom that we were promised when getting into crypto and shifting from traditional banks? + +Are they trying to snatch this freedom and anonymity away from us? I am not buying the hack stories tbh! They just want to keep controlling us. +**PART I:** + +Hey y'all! + +Most of you guys know me but if not my name is Chris aka @ckz8780 on Twitter and I'm a full time trader and run Greenbar Trading, my company, which is focused on stock market education. In the past I've posted my stock picks here in /r/stockmarket and lots of people have made money off them and I've always gotten tons of great feedback so I wanted to do something to give back to the Reddit community for being so welcoming and letting me blabber about my picks, myself and my services on here so I could grow both my trading and my business. Without Reddit I wouldn't be where I am. Now, I constantly get PMs and questions about what tools I use and the truth is there are literally hundreds of tools that you can use but having a good solid list of websites and tools is essential to doing accurate market research, picking the right stocks and then actually being able to trade them. So I am going to go through my list of hundreds of bookmarks and tools that I have here on this computer and share all the best ones I know and what I use them for. I won't add to this list unless it is a tool I use regularly because I only want to recommend stuff I have used personally and found to be successful, but definitely feel free to post your own favorites in the replies to make this list even bigger. I'm going to personally stay away from all the standard stuff like The Intelligent Investor, Investopedia, etc. Those are great but this is stuff I actually use practically every single day. If you want to learn how to trade from scratch then send me a PM and I can point you in the right direction. Ok, in no particular order of preference, here we go! + +**TRADING SOFTWARE/BROKERS:** + +* [Suretrader](http://www.suretrader.com): My main broker. Great shorts and no pattern day trading rule. +* [Tradestation](http://www.tradestation.com): Another broker I use heavily. Amazing software but retail so you have to maintain $25k to day trade. One of the most powerful scanners in the business using EasyLanguage. +* [Thinkorswim](http://www.thinkorswim.com): TD Ameritrade's "Professional" software. It's a bit buggy and slow and they sell your order flow so executions suck for day trading, but the charting is pretty nice and they have a decent scanner. Also it's one of the only platforms I really like for paper trading, though Tradestation is also really nice for that. +* [Scottrade Elite](http://www.scottrade.com): Scottrade's "professional" software. Not bad if you're doing more advanced swing trading. Fills and executions are surprisingly good for a retail broker. Also they will bundle TradeIdeas (an awesome intraday scanner) for like $10/month. +* [FreeStockCharts](http://www.freestockcharts.com): The best free charting software out there. If you are not advanced enough to be using the trading software above but the charts on Google Finance and Yahoo Finance aren't good enough for you, this is your answer. +* [TradingView](http://www.tradingview.com): Another good (and free!) chart site if you don't have pro trading software. + +**SCANNERS/SCREENERS:** + +* [StockFetcher](http://www.stockfetcher.com): The best bang for the buck hands down when it comes to scanning. Very powerful and easy to code. I use it literally every single day and it's cheaper than Netflix! +* [Finviz Screener](http://www.finviz.com/screener.ashx): Great for screening stocks with all kinds of characteristics from descriptive to fundamental to technical. Screens can be saved +* [StockMarketWatch Screener](http://thestockmarketwatch.com/markets/pre-market/today.aspx): Nice scan I run each morning to find the stocks that are gapping up/down the most. These will be the ones in play for that day. Combining this with Finviz I can throw all the gappers into Finviz and check the news on them quickly and easily. +* [Google Finance Screener](https://www.google.com/finance/stockscreener): Similar to Finviz's screener but allows you to screen on some different stuff like [float](http://www.investopedia.com/ask/answers/04/091004.asp) which Finviz doesn't allow. +* [StockCharts Predefined Scans](http://stockcharts.com/def/servlet/SC.scan): Great list of predefined scans for generating trading ideas. + +**USEFUL WEBSITES:** + +* [StreetInsider Earnings Insider](http://www.streetinsider.com/portal/Earnings+Insider/5.html): Great for quickly determining if a company met, beat or missed earnings, what their consensus was, and what their guidance was. Also provides next expected EPS date. +* [Zacks Earnings](http://www.zacks.com): Just type the ticker into the quote box in the upper right and look under the "key earnings data" section to find the next earnings date. I've found Zacks' dates to be the most accurate over many years of trading. +* [ETF Replay](http://www.etfreplay.com/summary/1.aspx): Great summary of ETF performance for gauging sector performance and finding strength when all seems weak, weakness when all seems strong. +* [Finviz ETF Maps](http://finviz.com/map.ashx?t=etf): Same as above. +* [Bespoke ETF Cheat Sheets](http://www.bespokeinvest.com/thinkbig/2012/7/30/bespokes-full-line-of-etf-cheat-sheets.html): Looking for an ETF that relates to what you're trading? Check out these cheat sheets for ideas. +* [Yahoo Finance Sector List](http://biz.yahoo.com/p/s_peeu.html): List of all **sectors** for generating ideas on what to trade. +* [Yahoo Finance Industry Browser](http://biz.yahoo.com/p/sum_conameu.html): List of all **industries** for generating ideas on what to trade +* [Yahoo Finance InPlay](http://finance.yahoo.com/news/inplay-briefing-com-055139997.html): I check this often in the morning to quickly scan news headlines that will move stocks. +* [Is The Stock Market Open?](http://www.isthemarketopen.com/): Well, is it? +* [Chartgame!](http://www.chartgame.com/): Time lapse trading game. Great for practicing your identification of technical analysis patterns for swing trading without having to wait for months to collect a good amount of data from your trades. +* [The Ultimate Swing Trading Guide](http://www.swing-trade-stocks.com/): Great beginners' guide for learning to swing trade. Read this from beginning to end, in order. It can be done in a weekend. +* [Hoovers IPO Central](http://www.hoovers.com/ipo-central/100004160-1.html): Everything you could ever want to know about IPOs. +* [ShortSqueeze](http://www.shortsqueeze.com): Great for quickly checking how much of a company is currently held short...can help identify short squeezes that really rip. +* [Tradervue](http://www.tradervue.com): Great trade tracking and statistics website for tracking your performance. It's free for up to 100 trades per month. Useful if you're trying to develop a trading system and need data on what works/what doesn't. +* [My Trades](http://www.tradervue.com/shared/users/1460): Over 2,200 of my shared trades with notes on why I took them, where I bought/sold, where my stop was, etc. I update this occasionally but usually do it in blocks every few months now. +* [Finviz Economic Calendar](http://www.finviz.com/calendar.ashx): Good for being prepared for upcoming economic news like GDP data, FOMC minutes, etc. + +**CRUCIAL READING/BLOGS/ETC**: + +* [Forensic Investing Red Flags](http://www.bus.lsu.edu/accounting/faculty/napostolou/forensic.html): Good resource for finding holes in a company's fundamentals and red flags in financial statements/reporting. +* [Best time of day for trading](http://www.tradingmarkets.com/recent/learn_the_best_times_of_the_day_for_the_best_trades-2-677749.html): Cool article on the best time of day to place certain trades and how the market reacts to changes in time. +* [The Trillionaire Next Door](http://www.amazon.com/exec/obidos/ASIN/0066620767/daytradersbullet): Hilarious book about day trading. Should be on every full time trader's desk to keep the stress of trading at bay. +* [The Logical Trader](http://www.amazon.com/Logical-Trader-Mark-B-Fisher/dp/0471215511/ref=sr_1_1?ie=UTF8&qid=1330402471&sr=8-1): Great book about Mark Fisher's trading style and how he keeps trading simple. Simple is good. +* [Trading From Your Gut](http://www.amazon.com/Trading-Your-Gut-Instinct-Smarts/dp/0137047681): Awesome book about properly using your right brain/left brain to trade more accurately and more confidently. +* [Anything by Brett Steenbarger](http://www.amazon.com/s/ref=nb_sb_ss_i_0_10?url=search-alias%3Dstripbooks&field-keywords=brett%20steenbarger&sprefix=brett+stee%2Cstripbooks%2C232): Great author of many trading books. I found Daily Trading Coach and Enhancing Trader Performance to be really useful and practical. +* [Anything by Mark Douglas](http://www.amazon.com/Mark-Douglas/e/B001IGOXOE/ref=sr_ntt_srch_lnk_5?qid=1414900959&sr=1-5): Another great author that provides practical stuff you can actually use rather than just useless theory. I like Trading in the Zone and The Disciplined Trader the best. +* [Anything by Marcel Link](http://www.amazon.com/Marcel-Link/e/B001IGJO7K/ref=ntt_aut_sim_3_2): Great author of books designed to help you improve your performance through strategy development. +* [Darvas Trader](http://www.darvastrader.com/): Great blog with tons of awesome articles. I read it regularly. +* [Your Daily Watchlist](http://www.yourdailywatchlist.com/): Keith Kern's (@stt2318) website. He provides lots of nice charts both on Twitter and on this site. Many are free. Good for generating ideas. +* [The Trader's Podcast](http://traderspodcast.com/): Amazing podcast with tons of short 10-30 minute episodes on everything you could ever imagine about trading. +* [Greenbar Trading Blog](http://www.greenbartrading.com/blog): My blog. I haven't updated it in a while but there are a lot of good articles in the archive about things I've learned and my journey to becoming a pro trader. +* [OpenTrader Blog](http://blog.opentrader.com/): Awesome blog with lots of eye-opening articles on all things related to trading. +* [Alpha Wolf Capital](http://vegastrader66.blogspot.com/): Great blog by a great full time trader named Tim Weintraut out of Vegas. I traded with him for a week recently and was blown away by his knowledge. He has been trading for over 20 years and is a great guy. I contacted him via Twitter out of nowhere and he had never even met me and allowed me to come stay in his house and trade with him for a week and hang w/ his family! +* [Trade on the Fly](http://www.tradeonthefly.com/): Another great trader I met recently and traded with for a week in Montana. Michele is a swing trader and posts tons of great charts. She moderates the swing trading room in Nate Michaud's (@investorslive) chat room. +* [Bulls on Wall Street](http://bullsonwallstreet.com/blog/): Nice blog run by a good buddy of mine, Kunal Desai. He is kinda a wacko but he's a pretty good trader and his blog has lots of free info and education on it. Really funny guy too! +* [10 Traits of Successful Traders](http://bullsonwallstreet.com/10-traits-successful-students-turned-traders/): Good article on what it takes to become a full time trader. Kunal pumps a lot of his students in this article including me and for him it's more of a marketing tool to sell his bootcamp but I still think it's great for people to read to see what it takes and learn some of the characteristics of the traders he's worked with who really took off and became extremely profitable. + +**SEE COMMENTS FOR PART II** +I keep on reading/hearing that consult a SEBI Registered Investment Advisor (RIA) as they are fiduciary. They charge a fee upfront and solve ya problems. + +My question is how do we know that the advice/service they are providing is actually genuine. For example (I'm assuming here) they ask you to have a fixed investment income option in your portfolio and they recommend, say a plan like HDFC Sanchay Plus or something. What's stopping them from claiming commissions for guiding (selling) me that policy or product. + +Tl;dr: how to determine whether the advice provided is actually genuine by a SEBI RIA? +We are considering making a $20k donation to a particular non-profit organization. This will be the largest donation we have made to any single organization before. We aren’t sure if we should just write a blank check or if we should try to do something to help the organization more in the process. As an example, I have heard of wealthy people offering matching donations to help the organization fundraiser from other people. I’m not sure if this gift would be too small to consider something like that? At what gift level do you get more involved than simply writing a check? I don’t mean volunteering as well as giving, but being more involved in the giving process. We are already involved time wise a bit and plan to be more involved over time. +2 scenarios, assuming insurance will not pay out in both: + +1. FHB who purchased $1mil apartment in Alexandria, who is now being told (just go with it) that there is a demolition order because it’s been so poorly built, it doesn’t meet council standards. Say the builders are MIA and no where to be found. +Does the owner have to pay for the demolition cost? After it’s demolished does it mean the FHB paid $1mil for a portion of the land it’s built on? +If this FHB has $60k cash in savings, if the decide to declare bankruptcy because they don’t want to pay $900k home loan for a bit of land, does this mean they will lose everything? In saying that, is the best thing for them to declare bankruptcy? + +2. Middle aged mum and dad who has other assets, say net worth $800k outside of this property, does this mean in order to protect their other assets and not declare bankruptcy, they will have to continue to pay the bank back with no (real) asset at the end of the day? If they decide to declare bankruptcy, does this mean they lose everything? + + +I’m just looking for the most likely scenario these people will have to go through, should it be deemed that these apartments are inhabitable and not fixable? +Good Morning! + +Another day of testing 180 could be ahead of us. I guess we will have to see how badly the 7,188 open calls @ $200 strike want to get paid today. Could be interesting. + +Again Your support has meant the world to me over this last week. I am so amazed at what we have accomplish not only on YouTube but yesterday these post almost made it to the front page. Hopefully we will have even more visibility today. You guys have been so amazing in upvoting and awarding these posts. Thank you so much. + +# Important: please remember that if you haven't contact your broker about your proxy information, you should do so immediately! Not only, are you the owner of a business, but these actions could trigger a share recall by GameStop in order to verify the accuracy of their count. This is a major catalyst... + +&#x200B; + +We will be livestreaming here starting at 9am + +[https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +&#x200B; + +Additionally there is a live audio stream on our discord as well + +[Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap PArty ! + +Well we didn't close up it looks like some deep ITM puts tanked the price for the latter half of the day. Here are our closing stats. + +https://preview.redd.it/iyje1h99adw61.png?width=769&format=png&auto=webp&s=d764b63f2780e4909e08d9590dfa19107821ffee + +Everybody take a breather enjoy your weekend the stock will still be here Monday. Thank you all again for the support on the stream and in here it's been an amazing week and when in doubt on GME just zoom out we are trading several resistance levels above last week and still looking bullish as all hell. + +[Keep Calm and Stonk On!](https://preview.redd.it/bvsem9rradw61.png?width=1116&format=png&auto=webp&s=f77b228f9658beba9c2cb5a6a9020c7cb8b0d2a5) + +See you all Monday for more exciting action! + +https://preview.redd.it/fy2kcg72bdw61.png?width=891&format=png&auto=webp&s=4edfa87cc4a384f2c1bf09448b4f5ef41f11f402 + +Edit 17 3:28 + +Bounce on that descending support could see price action on volume. Still just sideways low volume looks like the week will end between 172-180. I'll update any dramatic change. + +https://preview.redd.it/zbirg7lx3dw61.png?width=915&format=png&auto=webp&s=a04cdafbbd549765549f094ccfb829237d6603bf + +Edit 16 3:05 + +Power Hour? Slow drift downward we could close as low as 172.5 at this rate + +https://preview.redd.it/fw8v44zwzcw61.png?width=1228&format=png&auto=webp&s=afbd5b71a788caa642a3511cf4d7c8acf00cc112 + +Edit 15 2:38 + +Nothing happening we broke out of that descending but just more chop above 175 + +Edit 14 1:55 + +Descending channel these usually break up. Still consolidating from that last test hitting resistance @ 175 is not out of the question. + +https://preview.redd.it/013z0fkdncw61.png?width=1426&format=png&auto=webp&s=f03b3791c602593d94b553e93429563d021f4b70 + +Edit 13 1:37 + +Broke VWAP could head down to 175 again. Burned out the bull side on the 180 test. + +&#x200B; + +https://preview.redd.it/4xx0t40bkcw61.png?width=975&format=png&auto=webp&s=6426bbc8bf58d1d1d172dac85588139cea57851d + +Edit 12 1:23 + +Triple top/ weak head and shoulder. Looks like we've exhausted the attempted push of 180 I can see a dip to VWAP and consolidation before testing again. + +https://preview.redd.it/sjtgu0smhcw61.png?width=946&format=png&auto=webp&s=b390f3e4aa99a7751ce67867aaa3a4598b8866af + +Edit 11 12:56 + +The gravitational pull of 180 is strong + +Edit 10 12:42 + +Looking like a failed breakthrough but we will see if the bulls want to hold the line or not could break back to VWAP + +https://preview.redd.it/96s9slfhacw61.png?width=1086&format=png&auto=webp&s=4ae6269dc6321fccb464c4dae134270bbc0ad0a7 + +Edit 9 12:03 + +Still running towards that 180 this ascending channel looks strong but the volume is low I would expect it to spike if we hope to clear 180. I think bull side will push for 200 between now and 3pm in order to capture some of the $ from those $200 Calls + +https://preview.redd.it/bec6icqc3cw61.png?width=943&format=png&auto=webp&s=e6f26a3e1aec63fc6060701f45dfc47980c44eb7 + +Edit 8 11:30 + +Bull flag. This can run on volume but without support they usually break to the downside + +https://preview.redd.it/jz8jrldhxbw61.png?width=1202&format=png&auto=webp&s=f5d31bdebcbd9defa10b40d721ce1b8c5480a530 + +Edit 7 11:12 + +Moving up to test VWAP earlier than I expected if we get carried by volume we could even test 180 otherwise expect a rejection at VWAP and more chop + +https://preview.redd.it/odq0opddubw61.png?width=1197&format=png&auto=webp&s=4e2f75bdf9e0cad84b1ac530f1c45d1ccb9c8cd8 + +Edit 6 10:49 + +Weak bounce at 175 could take a while to retest 180 + +https://preview.redd.it/9u2hnj57qbw61.png?width=1138&format=png&auto=webp&s=686bb3900ac0089a4df51d6c9262ef80e5829598 + +Edit 5 10:39 + +Volume backed downtrend could hit as low as 169-172 + +https://preview.redd.it/8bz6dc4dobw61.png?width=1148&format=png&auto=webp&s=df2a488a8e8b2671dc6af242aa8837c9d62be0e5 + +Edit 4 10:22 + +Weak breakout volume is low but way better than yesterday sitting around 1.5MM + +https://preview.redd.it/90nbhz6clbw61.png?width=1356&format=png&auto=webp&s=2d32d6d585e8c99363b1a62753a006a3f634817f + +Edit 3 10:11 + +Small descending wedge looking to break up and test again + +https://preview.redd.it/fpmxxiofjbw61.png?width=1359&format=png&auto=webp&s=ea4a31ea192fb1638b38278da1da18fc54bd71ff + +Edit 2 9:43 + +Nice early test of 180. Looks like not enough momentum to push through but this is a region I like to be in. If we break the line will update immediately. + +https://preview.redd.it/i3f7rt0iebw61.png?width=1008&format=png&auto=webp&s=e5534302577dc6d47e8b64b99768caccbcc12a8a + +Edit 1 9:32 + +If stays steady we could see a AM test of 180, 66k on opening candle + +https://preview.redd.it/qcz9dssccbw61.png?width=1037&format=png&auto=webp&s=5d3ccc1764ca4c797fd52357c3c8a78e52287e5b + +# Pre-market Analysis + +Pre-Edit 1 8:45 + +There was a small gap down which it appears that we are in the process of filling. The volume is low but could pick up in pre-market after 9:00. + +https://preview.redd.it/qpniqwg33bw61.png?width=1467&format=png&auto=webp&s=1127e29745803d09d427f60162922efda6389c4e + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Note: This is not a political post. I am interested in what the FI community thinks should be in this course. + +Here is the text of the recently passed Florida Senate Bill 1054, "Financial Literacy Instruction in Public Schools" enumerating what must be in the course: + +1. Types of bank accounts offered, opening and managing a bank account, and assessing the quality of a depository institution’s services. +2.  Balancing a checkbook. +3. Basic principles of money management, such as spending, credit, credit scores, and managing debt, including retail and credit card debt. +4. Completing a loan application. +5. Receiving an inheritance and related implications. +6. Basic principles of personal insurance policies. +7. Computing federal income taxes. +8. Local tax assessments. +9. Computing interest rates by various mechanisms. +10. Simple contracts. +11. Contesting an incorrect billing statement. +12. Types of savings and investments. +13. State and federal laws concerning finance. + +What things on this list do you like? What things are outdated? What things are missing that will be important over the next 30 years? What should we be teaching high school kids? + + +EDIT + + +Most people seem to agree the following things are outdated and less important: + +Balancing a checkbook, an inheritance, contracts, insurance + +Most agree that the "expert FI" edition of the list should include + + +BUDGETING AND INCOME + +HANDLING ON-LINE ACCOUNTS, INCLUDING SECURITY + +COMPOUND INTEREST + +TIME VALUE OF MONEY + + +BUYING A HOME + +MANAGING CREDIT: Understanding loans. + + +&#x200B; +Hi Theta gang, + +This year has been really rough and I’m looking at a huge realized loss of about 60k. I’m thinking the best way possible to capitalize this loss. Can I sell my long term stock holdings which has an unrealized gain of about 40k. Then immediately buy back those shares to potentially offset tax implication from those shares? I’ll still have 20k realized loss which I can claim tax credit for. + +Please poke holes in this tax strategy. Thanks in advance. + +On the side note, CSP really destroyed me this year and I finally realized why the mentality of “it can’t possibly go lower” is very dangerous. +I know I am forced to sell the buyer of the call 100 shares of X stock at its strike price however to keeps this short and sweet let’s use Apple as an example. If I sell a naked call expiring 2/19 for $2 at a strike price of 135 and if by expiration apple is at 138 does my broker (fidelity) just take the difference from my account which in this case would be $300 ? + +I’m a bit confused on naked calls as opposed to cash secured puts + +Thanks for the help. Looking to sell one naked call in the near future. +Unless he’s buying stock today, how does he know when we have these Green Day’s? People are speculating the correlation between penis related tweets and dildo day candles, but how? Not to sound smooth but doesn’t he have the same access to info as us? Doesn’t seem like hedgies are at their desks and I think he somehow knew that. +My parent just recently acquired over 100k cash and they are 70+ years old. Right now it's just sitting in a checking account. They know nothing about investing and probably doesn't want to at their age. They live in an apartment and have no debt. They've already planned a trip, but is not much of a traveler. Aside from putting it in a HYSA, what would you do with that money for someone their age? Is there something better than that they should be looking at to maximize this money, but nothing long term? +Hi, first I want to say that I really love this community and all the valuable advise you can find here. So thank you in advance. Now to my question :) + +I bought a house on an off payment plan. This means the house is still under construction and handover will be in 2 years. I made a 25% down payment and will start with 5% payments each three months from next year April ongoing. Until handover I only pay 50% of the total price. After handover I continue paying for 3 years with around 5% each three months. + +I can afford the payments but I was wondering if it would be better to take a mortgage with around 6% interest and 30 years (I know it’s a high percentage but apparently normal in the UAE but feel free to share the percentage with which it would make sense) to make my monthly payments lower and be able to invest the money I can save each month in an index fund/ETF (I am in VOO, don’t pay any tax on it)? +22 y/o currently have 5 figures in my savings, Just opened a roth IRA for retirement that I contribute to weekly till i max out the yearly limit, a high yield savings acc. that I contribute at least 200 to monthly. I’m thinking about a CD as well but other than that if you have any other ideas or even buying any assets I want to hear what you guys have for me. I just want to hit the 100k mark before I turn 30. Wish I took saving money and growing it seriously before I hit my 20s but better late than never +For context I am 20, my job is self employed. I make an inconsistent amount, but I am estimating to make 120k this year(could very easily be more or less) which is a huge jump from last year when I was mostly doing retail. + +I have been told by everyone over the years to do a Roth IRA at my age, I’ve even made an account. But I don’t want to contribute, then have to deal with penalties if I end up making more than estimated this year. I know there’s some back door way, but I don’t know much about it or if it’s okay if I make under 140k-ish this year to do it. + +Is there a better option, what would you do? I’m a bit young but I want to make smart decisions with my money. +Hey everyone! Our NW jumped from $600k to $1.5m in the past few months after an IPO windfall, and we have another $5m coming next year. + +Almost all of our our retirement accounts are currently in Vanguard, and the stock is all through Schwab. I've pretty much decided on going all in VTSAX, at least for the next few decades. Currently planning to move the cash currently in Schwab to Vanguard, and DCA buying the mutual fund over the next 12 months. + +We may buy a vacation property (~$500k) in the next 2 years. Otherwise, we have no large purchases planned. We don't plan on retiring right now in our mid-30s, but it's nice that the option is there if we wanted. + +Does this all sound sane? Am I missing anything by sticking with Vanguard and using mutual funds instead of doing an ETF through Schwab? +Does anyone here have experience with applying for Portugal's Golden Visa program? Where did you go for advice and support? + +I'm looking to apply via capital investment (not the standard real estate route) so need some sound financial advice. I've been in touch with a Big 4 firm that can handle the legals, application and provide tax advice but not assist with the investment selection directly. There are options ranging from parking €1m in a Portuguese bank for 5 years to putting 350k in a PE fund with varying levels of risk. My NW is high enough (c. $40m) that I can carry any loss on that amount but would obviously prefer not to. + +There are a lot of "Golden Visa" speciality firms advertising online but I'm sure many are just fronts to push particular investment vehicles. + +Anyone else been through this process? Who did you speak to for advice? I have a stock portfolio with Fidelity but not sure their advisors are equipped to help with these kinds of questions. +Fiancee and I have to finance our own wedding. We will have about 8k saved up by December to spend on it. We've already budgeted separately for the ring, so the 8k is for everything else: dress, venue, food, photographer, entertainment, etc. We'd both like a bigger wedding, 8k is really tight. + +I have savings. She does not want me to pull from savings, fearing we would be hurting our future selves. I'm of the opinion that this is what savings are for--the big things in life. + +My savings: + +I put 12k into a Vanguard Roth IRA account over the past 2 years. Didn't contribute the 6k this year yet (and not sure I should with the market being what it is). It's currently down to 10k (2k net loss). I would draw from this for the wedding. + +I also have about 40k in a TSP retirement account that I don't intend to draw from. About half of that is Roth TSP and half is Traditional TSP. Moved it mostly into the G Fund earlier this year. I'm still contributing the minimum to this every paycheck due to job matching my 5%. + +I see the TSP account as proof that we will not be hurting our future selves. We're both in our 30s, not planning to retire anytime soon. ***Am I being fiscally irresponsible for considering pulling 5-10k more from my savings?*** With the markets being the way they are, this seems like a no-brainer to me, but she is much smarter than I am. This could double our wedding budget though, and a 15k wedding is still relatively inexpensive these days for where we live. + +Edit: Thanks for the responses and insights. It seems like we should not pull out of savings for this. It's hard knowing all that money is sitting around, but that's life. + +Edit 2: While you can pull principal out of Roth IRAs, apparently everyone here agrees this is a bad idea for a wedding. +Guten Tag to this global band of Apes! 👋🦍 + +Inflation continues to rear its transitory head, completely skipping 6.9% and going straight to 7.0%... how inconsiderate. I don't believe that anyone expected less than that, it is still difficult to see the *gently massaged* numbers that show just how much less your money will be worth next year. However, Apes seem to be immune to worries about the buying power of future tendies - what matters today is what we can buy and DRS before the MOASS. + +Speaking of which, I continue to be impressed by the rate that Apes are DRSing shares. It doesn't seem like that long ago that we were passing 1m shares registered with the bot, and now I see that we've collectively passed 1.5m shares. I'm not sure if it's to try to maximize the numbers before the end of the quarter, in the hopes that GameStop continues to include the DRS count in the quarterly reports, or if it's due to the astonishing level of FUD and manipulation that is being directed at us. Whatever the reason, I am thrilled by the momentum that we've generated. The victims of Kenneth Griffin's crimes may not disturb his sleep, but you can be certain that his slumber is haunted by spectres in the form of purple circles. + +Today is Thursday, January 13th, 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: **$126.70 / 111,44 €** *(volume: 677)* +- 🟥 115 minutes in: $126.56 / 111,31 € *(volume: 663)* +- 🟥 110 minutes in: $126.66 / 111,40 € *(volume: 649)* +- 🟩 105 minutes in: $126.68 / 111,41 € *(volume: 649)* +- 🟥 100 minutes in: $126.65 / 111,39 € *(volume: 643)* +- 🟩 95 minutes in: $126.79 / 111,51 € *(volume: 633)* +- 🟩 90 minutes in: $126.73 / 111,46 € *(volume: 625)* +- 🟩 85 minutes in: $126.72 / 111,45 € *(volume: 621)* +- 🟥 80 minutes in: $126.70 / 111,44 € *(volume: 581)* +- 🟩 75 minutes in: $126.73 / 111,46 € *(volume: 580)* +- 🟩 70 minutes in: $126.68 / 111,41 € *(volume: 574)* +- 🟩 65 minutes in: $126.63 / 111,38 € *(volume: 447)* +- 🟩 60 minutes in: $126.48 / 111,24 € *(volume: 336)* +- 🟥 55 minutes in: $126.46 / 111,22 € *(volume: 323)* +- ⬜ 50 minutes in: $126.48 / 111,24 € *(volume: 321)* +- 🟥 45 minutes in: $126.48 / 111,24 € *(volume: 319)* +- 🟥 40 minutes in: $126.53 / 111,29 € *(volume: 315)* +- 🟥 35 minutes in: $126.55 / 111,30 € *(volume: 305)* +- ⬜ 30 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 25 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 20 minutes in: $126.62 / 111,36 € *(volume: 278)* +- 🟥 15 minutes in: $126.63 / 111,38 € *(volume: 254)* +- 🟩 10 minutes in: $126.66 / 111,40 € *(volume: 254)* +- 🟥 5 minutes in: $126.62 / 111,36 € *(volume: 250)* +- 🟥 0 minutes in: $126.72 / 111,45 € *(volume: 120)* +- 🟥 US close price: $128.06 / 112,63 € *($127.99 / 112,57 € 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 1.137. 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! +Seems we will be stuck at home for a while. Any useful/interesting courses that you think are worth it? Wealth management, mindfulness, etc? + +As background, I was considering taking the Wharton private wealth management program, but it's not running for now. Any suggestions? + +EDIT: To ad some more context, in addition to wealth specific topics, I enjoyed this one in the past: [https://www.coursera.org/learn/the-science-of-well-being](https://www.coursera.org/learn/the-science-of-well-being). I am sure it will help with the RE part of fatFIRE. +There has been a recent flurry of posts trying to reassure newbies that thisisfine.jpeg. Whenever there is a dip, some old hands decide to help out/motivate/karma-farm/act high and mighty... + +These feel-good posts are all well and good, but once you've seen one, you've seen them all. So I'm going to *try* and add a bit more substance (though I am aware of the irony that I'm basically doing the same thing, only with better grammar and more references to peer-reviewed journals). + +Informative posts tend to get downvoted to hell though, so who knows if this will even be seen. I spent a bit of time trying to put it together, so if you think it's useful, please do give an upvote for visibility. + +##Tl;dr If you play it safe - with boring strategies, such as dollar-cost averaging, diversifying in high-cap tokens, and taking advantage of compound interest - you will probably still get massive return on investment. + + +Also, as I get older, I'm starting to realise a few years isn't *that* long. Traditional financial investment might make you rich over 30-40 years. I believe crypto can do it in 5-10. This might seem like a lot, but it's not. Stop thinking in days and weeks and start thinking in months and years. +. + +**First, some data on trading:** + +[The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annually](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=219228) + +[Profitable day traders make up a small proportion of all traders – 1.6% in the average year.](https://pdfs.semanticscholar.org/529c/ce873471d616cb0778e224fa8060785f13d6.pdf?_ga=2.168609569.1460452885.1606468814-1953133549.1606468814) + +[The typical day trader loses +money by a considerable margin after adjusting for transaction costs](http://citeseerx.ist.psu.edu/viewdoc/download%3Fdoi%3D10.1.1.533.2044%26rep%3Drep1%26type%3Dpdf&ved=2ahUKEwijwLr5s6LtAhUTWsAKHe1xBgEQFjALegQICBAB&usg=AOvVaw2pVZbTXvySyiRdLNkb6WQS) + +Furthermore, the authors of the second study write that "inconsistent with models of rational speculation and learning, we document that the aggregate performance of day traders is negative". + +This is all about regular stock trading, but you get the idea. +. + + +**Second, some anecdata about crypto friends:** + +Maybe academic papers aren't your thing. Fair enough. + +Back in 2017, two friends of mine got into crypto and we started a WhatsApp group to share tips. One friend invested steadily into Bitcoin and a few alts. The other friend invested heavily into altcoins and traded every day. In a bull market everybody thinks they're a genius. He made a lot of money then lost it all. In 2018, he tried to carry on trading, but this was now a bear market. He lost even more. + +Fast forward to this year, and he's now anti-crypto. Regrets all the money he lost. Thinks it's all a scam. At the first sign of recovery, he converted the dregs of his altcoins to BTC, sold via Coinbase and left the chat. If he'd held on for another month or two he might have recouped some losses, but he didn't. + +My other friend carried on DCA'ing into BTC and ETH and is now up considerably. +. + + +**Third, some cognitive biases** + + +[Survivorship bias](https://en.m.wikipedia.org/wiki/Survivorship_bias) means that we concentrate on the people who win. See some smug bastard proclaiming his shitcoin profits in the Daily? He won. What you don't see are the hundreds of Wojaks who tried different trades and lost. Badly. You are more likely to be one of those sad fucks. Sorry. + +[Hyperbolic discounting](https://en.m.wikipedia.org/wiki/Hyperbolic_discounting) is the preference for immediate payoffs to greater payoffs at a later date. Crypto is seen as a "get rich quick" scheme. If you're new to this game, reset your expectation to "get rich more slowly than I'd like, but still fairly quick all things considered" scheme and you'll do just fine. +. + + +**Next, some info on Dollar Cost Averaging:** + +[Buying $100 of Bitcoin every month for 3 years starting 3 years ago would have turned $3,600 into $5,413 (+50%)](https://dcabtc.com?sd=2017-11-27&sda=3_years&f=monthly&d=3_years&ac=10000&c=false) + +That might not sound like much but the point is that *even if* you had bought bitcoin near the absolute peak, you would still be 50% up by now. That is INSANELY good. + +Let's play around a bit more. + +[ Dollar cost averaging Bitcoin biweekly from 07/09/2016 to 11/27/2020 gave 526.26% ROI](https://www.bitcoindollarcostaverage.com) and you would now own 4.3 BTC. 2016 was early, but it shows how a little time in the market works. +. + + +**Can you beat the market by buying the market?** + +[Check out the top ten crypto fund posts.](https://toptencryptoindexfund.com/) +The answer is... *probably*. + +There is a lot of data to comb through here and I bloody love this guy's monthly updates. They're honestly the best posts on this whole subreddit. + +I hope he doesn't mind me attempting to summarize, but the main points appear to be: + +* BTC and ETH have generally outperformed the other picks +* Crypto is still beating the stock market +* (This depends on buy-in times) +* Despite it being a three-year bear market +* The upside in a bull market is huge. +. + + +**Longterm predictions** + +Mathematical analysis of crypto gets a bad rap. John McAfee famously got it wrong. But that doesn't mean it's all nonsense. Patterns tend to repeat. + +[Here are various predictions for a $100,000 Bitcoin.](https://www.moonmath.win/) + +The logarithmic regression band shows a steady upward trend, with decreasing volatility. It's a reasonable assumption that this will continue. There will be bubbles, there will be corrections, but BTC will continue going up. And if you iron out the swings, it will give greater returns than any other asset class. Crypto as a whole will also go up and other coins will give even greater return. These will be hard to predict. Diversifying a small amount into a few other coins will give some exposure to this effect without too much risk. +. + + +**Finally, some thoughts on compounding** + +OK, not your keys, not your crypto. + +But... Someone once said compound interest is the eighth wonder of the world and the key to wealth. + +The reason for the boom this summer is DeFi. For the first time, it's possible to earn interest on crypto. There are risks involved, but it is a force multiplier that can massively improve your success, and it would be remiss of you to not consider it. + +Compound interest is great on its own. But using compound interest to accumulate more units of an asset that is itself appreciating, will accelerate the process dramatically. + +Consider the following: + +* You bought one Bitcoin at $10,000. +* You HODL for ten years and it reaches $100,000. +* Go you. + +Or: + +* You put that Bitcoin into DeFi/CeFi +* You get 6.5% compounding interest. +* You HODL for ten years and BTC reaches $100,000 +* But you now have 1.91 BTC +* You have $191,000 +* That's 19x your initial buy-in. Nearly twice as good as just HODLING. + +I urge you to play around with [a compound interest calculator](https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php). + +If nothing else, it should show you the value of thinking in longer timeframes. + +Currently, the best bank accounts are offering under 1% interest. Which means you're actually losing money after inflation. On the other hand, staking is coming to Eth and DeFi isn't going anywhere. There are risks with DeFi, and using crypto custodians is philosophically at odds with the dream of pseudonymous digital cash. + +That's for you to think about. But use the calculator above, plug in some numbers, and see where 12% interest gets you in 20 years. Even if you just used fiat, that would get you pretty far. Now think about getting even 5% return on Eth or BTC. Now think about what 1 BTC or 1 ETH will be worth then. Factor in dollar cost averaging on top of that. And you're risking it all chasing pumps every day? + +Slow down, and consider the safe, boring, options. You might be surprised where you get to in a few years. + +*Edit - A few people have pointed out, rightly, that I underplayed the risk of DeFi. I agree that lending your money to a custodian or a random smart contract is a risky play. But the potential of compound interest over time is an exciting development in this space, and possibly safer than day-trading. But only if you're comfortable. DYOR into DeFi and PoS coins.* +GME's trading volume has been in a downtrend since mid-year. Here is why retail investors might be behind the drop. + +BERNARD ZAMBONIN + +6 HOURS AGO + +Since May, trading volume in GameStop's stock has been declining in each consecutive month. + +Many retail investors are registering their GME shares through the Direct Registration Service, which has an impact on the stock's liquidity. + +Despite its lower liquidity, GameStop continues to be a popular target for short sellers and a money-maker for stock lenders. + +GME's Monthly Trading Volume Declining + +Looking at GameStop's trading volume data for 2022, we can clearly see a decline in trading activity since May. See below: + + + +GameStop's liquidity peak occurred in March, when news of its 4:1 stock split broke. That also coincided with a rally in the S&P 500. From mid to late March, the video game retailer's shares shot up 140%. + +Because GameStop is a popular target for short sellers — the latest update showed about $1.5 billion betting against its stock — increased buying activity tends to pressure short sellers to close their positions and buy the stock to cover their margins. This triggers noticeable upward movements in the stock. + +Despite some fairly severe price swings this year, GameStop's trading volume has fallen more than sixfold, from 636.57 million shares traded in March to 102.97 million shares traded in October. + +The most likely cause of this liquidity decline is broader market forces. Thanks to rising interest rates, many investors are avoiding stocks — especially those that trade less on fundamentals and more on growth or speculation. + +Is DRS Behind the Liquidity Decrease? + +There's another factor that has impacted the liquidity of GameStop shares. It is at the very least unusual, but not bearish at all. + +GameStop shareholders are actively utilizing the Direct Registration System (DRS) service, which provides shareholders with the ability to electronically move insured shares in a book-entry form between the share issuer and the investor's broker-dealer. + +In other words: with this service, GameStop investors have found a way to lock up their shares without the need to have a brokerage house behind them. + +Even though it is less practical to sell your shares this way than through a broker, there are logical benefits to registering your shares through DRS. + +For example, investors can keep their shares away from possible conflicts of interest between market makers and payment-per-order-flow brokers, as well as to protect themselves in case the broker-dealer goes bankrupt. + +However, the main benefit may be to limit the ability of brokerages to lend shares to short sellers — which is a common practice. + +In theory, if enough retail investors use DRS to transfer their shares to a transfer agent, share availability will decrease. Thus, it will become difficult for short sellers to cover their positions in an eventual squeeze. + +Interestingly, GameStop has started to disclose the number of shares transferred directly with its transfer agent on a quarterly basis. And the numbers are alarming. + +According to data from July 30, as stated in GameStop's latest Form 10-Q, about 71.3 million shares are registered directly through the DRS. That number could be even higher by now. + +This amount corresponds to about 30% of GameStop's total float, which implies that, in theory, these shares are not liquid enough to be traded daily. This can be confirmed by looking at the trading volume trend of GME in the last few months. + +We can speculate that, when GameStop reports its fourth-quarter earnings results, the first number that shareholders will probably look at will be the number of shares transferred through its transfer agent. + +How GameStop Lenders Made Money in Q3 + +It's not news that GameStop is one of the most popular stocks for short sellers to bet against — thanks mainly to its meme-stock valuation. + +With the markets in turmoil, many institutional investors have been targeting stocks whose valuations are detached from their fundamentals. Of course, GameStop is one of them. + +The latest GameStop short interest data from mid-October indicated that 20% of GME's float — 53.88 million shares — was being sold short. + +During October, GameStop's borrow fee rates remained at an average of 9%. Even though these fees are lower than earlier this year, they're still high. This puts extra pressure on short sellers to cover their positions in case of an upward stock movement. + +Despite the efforts of GameStop shareholders to limit stock lending to short sellers, GameStop was the most profitable equity in the North American lender market, generating more than $100 million in revenue for lenders. A large part of these profits came from GameStop's high borrow fees. +[analysis ](https://imgur.com/gallery/ZbVzI) + +I analyzed what categories are left for China to “retaliate” this round. It is not hard to guess since they only had $130B to begin with, and 1/3 were already selected during last round. + +Just to clarify, for aircrafts they only included narrow bodies such as 737s. Wide-body aircrafts (787,747,777) could potentially be included this round. BA must be panicking right now. + +Also these are US categories so they don’t 100% overlap with the ones announced by Chinese. For example Chinese only levied tariff on Beef but it is grouped with Meat and poultry. You get the point. + +Also note: Since China is running out of products, they can always increase the tariff for existing categories to be more than 25%. + +Edit: Google Sheet in case anyone wants to dig further: https://docs.google.com/spreadsheets/d/1yZM3jny15a5rB2IGHUWMXiOlKvrejVCCSDrEOSfKfpQ/edit?usp=sharing + +I have a large annual leave balance and want to make sure I get the most bang for my buck. + +Would I lose any value if I get paid out my accrued annual leave when i quit, or should I start to cash out my leave before quitting? + +Thank you. +My credit score is a shocking 222. I have only one major impact on my score, a defaulted $3000 credit card from almost 5 years ago. + +In mid August this year it would be 5 years from when the last time the default was updated meaning it's going to drop off I've been told. + +When it goes away and there are 0 negative impacts on my file does that mean my credit score suddenly goes up? + +All I want to do is get a credit card with a low limit, use it for everyday things and pay it off right away so I can boost my credit score but currently with a 222 I don't qualify for even a phone contract. + +Any advice would be great thanks ! +^Last ^updated ^2018-01-29 + +**This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.** + +**There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!** + +---- + +# ⚡What is the Lightning Network? ⚡ + +---- + +## Explanations: + +- [Lightning Network](http://www.lightning.network/) +- [Lightning Labs](http://lightning.engineering/) +- [Lightning FAQ - Audun Gulbrandsen](https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70) +- [Lightning FAQ - Rusty Russell](https://medium.com/@rusty_lightning/bitcoin-lightning-things-to-know-e5ea8d84369f) +- [Rusty Russell's Coding Blog](https://rusty.ozlabs.org/?p=450) +- [Andreas M. Antonopoulos - Mastering Bitcoin](https://masteringbitcoin.neocities.org/#lightning_network) +- [Elizabeth Stark - What is the Lightning Network](https://coincenter.org/entry/what-is-the-lightning-network) +- [BitMEX - The Lightning Network](https://blog.bitmex.com/the-lightning-network/) + +### Image Explanations: + +- [/u/billycoin - Practical use examples](https://i.imgur.com/L10n4ET.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [What is a multisig wallet](https://s3.amazonaws.com/bitcoindesigned-prod/media/what-is-a-multisig-wallet.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [What are the bitcoin timelocks](https://s3.amazonaws.com/bitcoindesigned-prod/media/what-are-the-bitcoin-timelocks.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 1 - + payment channels](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-1-payment-channels-v2.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 2 - + shaping the network](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-2-shaping-the-network.png) +- [@patestevao](https://twitter.com/patestevao/status/953756248553525248) Lightning Series Infographic - [Lightning - part 3 - + going off chain](https://s3.amazonaws.com/bitcoindesigned-prod/media/lightning-part-3-going-offchain.png) + +## Specifications / White Papers + +- [Lightning Network White Paper](https://lightning.network/lightning-network-paper.pdf) - The protocol has changed since this original paper, but covers the mid-level mechanics of the Lightning Network with an emphasis on the smart contracts that make it trustless +- [Lightning Network Summary](https://lightning.network/lightning-network-summary.pdf) +- [Lightning Network Technical Summary](https://lightning.network/lightning-network-technical-summary.pdf) +- [Lightning Network Specification](https://github.com/lightningnetwork/lightning-rfc) +- [Deployable Lightning White Paper](https://github.com/ElementsProject/lightning/blob/master/doc/deployable-lightning.pdf) +- [Scalable Funding of Bitcoin Micropayment +Channel Networks](https://www.tik.ee.ethz.ch/file/a20a865ce40d40c8f942cf206a7cba96/Scalable_Funding_Of_Blockchain_Micropayment_Networks%20\(1\).pdf) + +## Videos + +- [Bitcoin's Lightning Network, Simply Explained!](https://www.youtube.com/watch?v=rrr_zPmEiME) [5:33] +- [The Lightning Network Explained (Litecoin/Bitcoin)](https://www.youtube.com/watch?v=MpfvhiqFw7A) [8:13] +- [Zap: Lightning Network Wallet](https://www.youtube.com/watch?v=dhpg_8D2FPI) (Jack Mallers - Demo Walkthrough) [3:38] +- [Cross-Implementation Lightning Payment on Bitcoin's Mainnet](https://www.youtube.com/watch?v=a73Gz3Tvx3k) (Laolu (a.k.a roasbeef) - Demo) [2:51] +- [Bitcoin Q&A: The Lightning Network](https://www.youtube.com/watch?v=vPnO9ExJ50A) (Andreas Antonopoulos) [7:55] +- [Lightning Network Deep Dive with Laolu "Roasbeef" Osuntokun](https://www.youtube.com/watch?v=b_szGaaPPFk) [48:10] +- [SF Bitcoin Devs Seminar: Scaling Bitcoin to Billions of Transactions Per Day](https://www.youtube.com/watch?v=8zVzw912wPo) [54:40] +- [Bitcoin, Lightning, and Streaming Money](https://www.youtube.com/watch?v=gF_ZQ_eijPs) (Andreas Antonopoulos) [27:38] +- [Bitcoin Q&A: Running nodes and payment channels](https://youtu.be/ndcfBfE_yoY) (Andreas Antonopoulos) [10:14] +- [Lightning Network Tech Talk at Coinbase](https://www.youtube.com/watch?v=wIhAmTqXhZQ) (Thaddeus Dryja and Joseph Poon) [58:11] +- [Elizabeth Stark - Lightning and the Importance of Layer Two](https://www.youtube.com/watch?v=3PcR4HWJnkY) [14:15] + + +## Lightning Network Experts on Reddit + +- [/u/starkbot](https://www.reddit.com/user/starkbot) - (Elizabeth Stark - Lightning Labs) +- [/u/roasbeef](https://www.reddit.com/user/roasbeef) - (Olaoluwa Osuntokun - Lightning Labs) +- [/u/stile65](https://www.reddit.com/user/stile65) - (Alex Akselrod - Lightning Labs) +- [/u/cfromknecht](https://www.reddit.com/user/cfromknecht) - (Conner Fromknecht - Lightning Labs) +- [/u/RustyReddit](https://www.reddit.com/user/RustyReddit) - (Rusty Russell - Blockstream) +- [/u/cdecker](https://www.reddit.com/user/cdecker) - (Christian Decker - Blockstream) +- [/u/Dryja](https://www.reddit.com/user/Dryja) - (Tadge Dryja - Digital Currency Initiative) +- [/u/josephpoon](https://www.reddit.com/user/josephpoon) - (Joseph Poon) +- [/u/fdrn](https://www.reddit.com/user/fdrn) - (Fabrice Drouin - ACINQ ) +- [/u/pmpadiou](https://www.reddit.com/user/pmpadiou) - (Pierre-Marie Padiou - ACINQ) + +## Lightning Network Experts on Twitter + +- [@starkness](https://twitter.com/starkness) - (Elizabeth Stark - Lightning Labs) +- [@roasbeef](https://twitter.com/roasbeef) - (Olaoluwa Osuntokun - Lightning Labs) +- [@stile65](https://twitter.com/stile65) - (Alex Akselrod - Lightning Labs) +- [@bitconner](https://twitter.com/bitconner) - (Conner Fromknecht - Lightning Labs) +- [@johanth](https://twitter.com/johanth) - (Johan Halseth - Lightning Labs) +- [@bvu](https://twitter.com/bvu) - (Bryan Vu - Lightning Labs) +- [@rusty_twit](https://twitter.com/rusty_twit) - (Rusty Russell - Blockstream) +- [@snyke](https://twitter.com/Snyke) - (Christian Decker - Blockstream) +- [@JackMallers](https://twitter.com/JackMallers) - (Jack Mallers - Zap) +- [@tdryja](https://twitter.com/tdryja) - (Tadge Dryja - Digital Currency Initiative) +- [@jcp](https://twitter.com/jcp) - (Joseph Poon) +- [@alexbosworth](https://twitter.com/alexbosworth) - (Alex Bosworth - yalls.org) + +## Medium Posts + +- [Announcements related to interoperability](https://medium.com/@lightning_network) +- [Lightning Resources](https://medium.com/lightning-resources) +- [Lightning FAQ](https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70) +- [Lightning Network Explorer](https://medium.com/@ACINQ/releasing-our-lightning-network-explorer-93e87de150bb) +- [Bitcoin Lightning Network — 7 Things You Should Know](https://medium.com/@argongroup/bitcoin-lightning-network-7-things-you-should-know-604ef687af5a) +- [A Primer to The Lightning Network (Part 1)](https://medium.com/the-litecoin-school-of-crypto/a-primer-to-the-lightning-network-part-1-be909c403bde) - [(Part 2)](https://medium.com/the-litecoin-school-of-crypto/a-primer-to-the-lightning-network-part-2-30e6c30a1049) - [(Part 3)](https://medium.com/the-litecoin-school-of-crypto/https-medium-com-ecurrencyhodler-the-lightning-network-part-3-a6f1e69e72d7) +- [A Scale Free and Private Lightning Network](https://medium.com/the-litecoin-school-of-crypto/a-scale-free-and-private-lightning-network-e52a3c178d7d) + +## Learning Resources + +- [Lightning Network Bitcoin Wiki](https://en.bitcoin.it/wiki/Lightning_Network) +- [Hashed Timelock Contracts](https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts) +- [LN as a Directed Graph; Single-Funded Channel Topology](https://docs.google.com/presentation/d/1G4xchDGcO37DJ2lPC_XYyZIUkJc2khnLrCaZXgvDN0U/edit?pref=2&pli=1#slide=id.g85f425098_0_2) (Slides) +- [How to Do "2-of-3 Multisig Contract" Equivalent on Lightning](https://lists.linuxfoundation.org/pipermail/lightning-dev/2016-January/000403.html) (From LN Mailing List) + +## Books + +- [Mastering Bitcoin, 2nd Edition](http://shop.oreilly.com/product/0636920049524.do) +- [Owning Bitcoin](https://bitzuma.com/owning-bitcoin/) + +## Desktop Interfaces + +- [lightning-app](https://github.com/lightninglabs/lightning-app) - Cross-platform Lightning Desktop Application +- [lnd-gui](https://github.com/alexbosworth/lnd-gui) - Lightning MacOS GUI Wallet +- [eclair-node-gui](https://github.com/ACINQ/eclair) - Cross-platform desktop GUI for Lightning +- [zap-desktop](https://github.com/LN-Zap/zap-desktop) - Lightning Network desktop application + +## Web Interfaces + +- [lncli-web](https://github.com/mably/lncli-web) - Light-weight web client for the lnd daemon written in NodeJS / Angular +- [lnd-chrome-extension](https://chrome.google.com/webstore/detail/lnd-chrome-extension/fckoopaejbdhcjgpjllghoadkeicdjnf?hl=en) +- [kugelblitz](https://github.com/cdecker/kugelblitz) - A simple UI for the c-lightning daemon lightningd and bitcoind + +## Tutorials and resources + +- [Install bitcoind + lnd](http://dev.lightning.community/guides/installation/) +- [Develop an application of bitcoind and lnd](http://dev.lightning.community/tutorial/) +- [Setting up and Testing LND with the Testnet Lightning Faucet](http://lightning.community/lnd/faucet/2017/01/19/lightning-network-faucet/) +- [Setting up a local Lightning cluster](http://dev.lightning.community/tutorial/01-lncli/index.html) +- [Using the LND Web Client](http://dev.lightning.community/tutorial/02-web-client/index.html) +- [Using the LND gRPC Client](http://dev.lightning.community/tutorial/03-rpc-client/index.html) +- [Integrating Lightning into a server-side web application](http://dev.lightning.community/tutorial/04-webapp-integration/index.html) +- [How to use a Python gRPC Client with LND](http://dev.lightning.community/guides/python-grpc/) +- [How to use a Javascript gRPC Client with LND](http://dev.lightning.community/guides/javascript-grpc/) + +## Lightning on Testnet + +#### Lightning Wallets + +- [HTLC Web Lightning Wallet](https://htlc.me/) +- [Eclair wallet (for android)](https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet&hl=en&referrer=utm_source%3Dgoogle%26utm_medium%3Dorganic%26utm_term%3Declair+wallet&pcampaignid=APPU_1_XhdMWoqGCIHUwALewZXABQ) +- [Eclair (Linux, macOS, Windows)](https://github.com/ACINQ/eclair/releases) +- [Zap wallet (Linux, macOS, Windows)](https://github.com/LN-Zap/zap-desktop) +- [lightning-app](https://github.com/lightninglabs/lightning-app) - Cross-platform Lightning Desktop Application +- [lnwallet](https://github.com/btcontract/lnwallet) - [Android Wallet](https://play.google.com/store/apps/details?id=com.lightning.wallet) based on eclair + + +#### Place a testnet transaction + +- [Y'alls](https://yalls.org/) - Read and write articles, with Lightning Network micropayments. +- [Starblocks](https://starblocks.acinq.co/) - Grab a Blockaccino! +- [Bitrefill](https://blog.bitrefill.com/lightning-payments-on-testnet-for-bitrefill-ef6db8714b00) - [Bitrefill LN Site](https://lightning.bitrefill.com/usa/) - Top up prepaid mobile phones +- [Lightning Gem](https://lightninggem.com/) - Game using Lightning Network Testnet + + +#### Altcoin Trading using Lightning + +- [ZigZag](http://zigzag.bitlum.io/) - **Disclaimer** You must trust ZigZag to send to Target Address + +## Lightning on Mainnet + +**[Warning - Testing should be done on Testnet](https://twitter.com/starkness/status/953434418948927488)** + +- [Jack Mallers Paying with LN](https://twitter.com/JackMallers/status/953878478524477440) - Instant Payment, 0 Fees. +- [Alex Bosworth Paying with LN](https://twitter.com/alexbosworth/status/946175898029395968) - Instant Payment, 0 Fees. +- [TorGuard accepts MainNet Payments](https://twitter.com/TorGuard/status/950383059735646209) - They will also [cover loss of funds](https://twitter.com/TorGuard/status/950414221120081920) +- [Coffee Purchasing using Lightning](https://twitter.com/alexbosworth/status/955870434230132736) +- [My First Mainnet Lightning Network Payment](https://www.youtube.com/watch?v=YrDoDbnpTE4) +- [Lightning Network Physical Purchase of VPN Router](https://usethebitcoin.com/lightning-network-first-ever-purchase-performed-buy-vpn-router/) + +## Atomic Swaps + +- [Lightning cross-chain swap from Bitcoin to Litecoin!](https://twitter.com/lightning/status/931277111490265088) +- [Instant Cross-Chain Transactions On Lightning](https://blog.lightning.engineering/announcement/2017/11/16/ln-swap.html) + +## Developer Documentation and Resources + +- [Lightning Overview](http://dev.lightning.community/overview/) +- [LND Developers Site](http://dev.lightning.community/) +- [LND Developer Guide](http://dev.lightning.community/guides/) +- [LND API Reference](http://api.lightning.community/) +- [Rusty Russell's BOLT Blog Series](https://medium.com/@rusty_lightning/the-bitcoin-lightning-spec-part-1-8-a7720fb1b4da) + +## Lightning implementations + +- [LND](https://github.com/lightningnetwork/lnd) - Lightning Network Daemon (Golang) +- [eclair](https://github.com/ACINQ/eclair) - A Scala implementation of the Lightning Network (Scala) +- [c-lightning](https://github.com/ElementsProject/lightning) - A Lightning Network implementation in C +- [lit](https://github.com/mit-dci/lit) - Lightning Network node software (Golang) +- [lightning-onion](https://github.com/lightningnetwork/lightning-onion) - Onion Routed Micropayments for the Lightning Network (Golang) +- [lightning-integration](https://github.com/cdecker/lightning-integration) - Lightning Integration Testing Framework +- [ptarmigan](https://github.com/nayutaco/ptarmigan) - C++ BOLT-Compliant Lightning Network Implementation [Incomplete] + +## Libraries + +- [lightning-integration](https://github.com/cdecker/lightning-integration) - Lightning Integration Testing Framework +- [lightning-charge](https://github.com/ElementsProject/lightning-charge) - A simple drop-in solution for accepting lightning payments (Javascript) +- [lightning-charge-client-js](https://github.com/ElementsProject/lightning-charge-client-js) - JavaScript client for lightning-charge +- [lightning-charge-client-php](https://github.com/ElementsProject/lightning-charge-client-php) - PHP client for lightning-charge +- [lightning-payencode](https://github.com/rustyrussell/lightning-payencode) - Minimal QR-code-ready encoding for requesting lightning payments +- [lseed](https://github.com/cdecker/lseed) - A DNS seed for the Lightning Network +- [woocommerce-gateway-lightning](https://github.com/ElementsProject/woocommerce-gateway-lightning) - A WooCommerce gateway for lightning payments +- [lnrpc-client](https://github.com/michielbdejong/lnrpc-client) - Javascript RPC Client for LND +- [ln-service](https://github.com/alexbosworth/ln-service) - Lightning REST Service + +## Lightning Network Visualizers/Explorers + +#### Testnet + +- [ACINQ Testnet Explorer for Lightning](https://explorer.acinq.co/#/) + +#### Mainnet + +- [Recksplorer - LN Mainnet map](https://lnmainnet.gaben.win/) +- [Bitcoin Exchange Rate - LN Mainnet Map](https://bitcoinexchangerate.org/lightning) +- [Robtex Explorer](https://www.robtex.com/lightning/node/) + +## Payment Processors + +- [BTCPay](https://twitter.com/BtcpayServer/status/953541073795670016) - Next stable version will include Lightning Network + +## Community + +- [Lightning Blog for lnd](http://lightning.community/) +- [Lightning Labs Twitter Feed](https://twitter.com/lightning) +- [Lightning Labs Blog](https://blog.lightning.engineering/) +- [Lightning Network Mailing List](https://lists.linuxfoundation.org/mailman/listinfo/lightning-dev) +- [Lightning Network Podcasts](https://lncast.com/#!/) + +## Slack + +- [LND Community Slack](https://lightningcommunity.slack.com) - Invite Needed + +## IRC + +- [#lightning-dev](https://webchat.freenode.net/?channels=lightning-dev&uio=d4) (on Freenode) - Lightning protocol development + - [Channel Archive](https://botbot.me/freenode/lightning-dev/) +- [#lnd](https://webchat.freenode.net/?channels=lnd&uio=d4) - Channel for lnd development that also has a bot for github commits. + +## Slack Channel + +- https://lightningcommunity.slack.com + +### Discord Channel + +- [LN Mainnet Discord](https://t.co/ExSi3SuWnI) - **[Warning - Testing should be done on Testnet](https://twitter.com/starkness/status/953434418948927488)** + +## Miscellaneous + +- [Lightning Emoji](https://emojipedia.org/high-voltage-sign/) ⚡ +- [lightning-faucet](https://github.com/lightninglabs/lightning-faucet) - A faucet for the Lightning Network +- [ln-dice](https://github.com/mably/ln-dice) - Dice gambling service using the Lightning Network for deposits and withdrawals +- [ln-tip-slack](https://github.com/CryptoFR/ln-tip-slack) - Lightning [Slack](https://slack.com/) Tipbot +- [lightning-cat](https://github.com/rustyrussell/lightning-cat/blob/master/catsearch.sh) - Cat pictures via Lightning + +---- + +##⚡ Lightning FAQs ⚡ + +---- + + +*If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible* + +---- + + + +###### Is Lightning Bitcoin? + +>Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain. + +---- + + + +###### Is the Lightning Network open source? + +>Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code) + +---- + + + +###### Who owns and controls the Lightning Network? + +>Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network. + +---- + + + +###### I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain? + +>No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed. + +---- + + + +###### Do I need a constant connection to run a lightning node? + +>Not necessarily, + +>Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the **CheckLockTimeVerify (CLTV)** in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. **You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires**. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7npeh6/lightning_network_megathread/ds4gkt8/?context=3) + +---- + + + +###### What Are Lightning’s Advantages? + +>Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second. + +---- + + + +###### Does Lightning require Segregated Witness? + +>Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems. + +---- + + + +###### Can I Send Funds From Lightning to a Normal Bitcoin Address? + +>No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet. + +---- + + + +###### Can I Make Money Running a Lightning Node? + +>Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this. + +---- + + + +###### What is the release date for Lightning on Mainnet? + +>Lightning is already being tested on the Mainnet [Twitter Link](https://twitter.com/alexbosworth/status/946175898029395968) but as for a specific date, [Jameson Lopp says it best](https://twitter.com/lopp/status/947808940255006726) + +---- + + + +###### Would there be any KYC/AML issues with certain nodes? + +>Nope, because there is no custody ever involved. It's just like forwarding packets. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ld1vl/lightning_ceo_elizabeth_stark_on_bloomberg/drm6lxk/) + +---- + + +###### What is the delay time for the recipient of a transaction receiving confirmation? + +>Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- [Source](http://dev.lightning.community/) + +---- + + + +###### How does the lightning network prevent centralization? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/43728/is-centralization-in-the-lightning-network-inevitable-why-not) + +---- + + + +###### What are Channel Factories and how do they work? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/67158/what-are-channel-factories-and-how-do-they-work/67187#67187) + +---- + + + +###### How does the Lightning network work in simple terms? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43701) + +---- + + + +###### How are paths found in Lightning Network? + +>[Bitcoin Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43729) + +---- + + + +###### How would the lightning network work between exchanges? + +>Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: [Google Doc - Lightning Exchanges](https://docs.google.com/document/d/1r38-_IgtfOkhJh4QbN7l6bl7Rol05qS-i7BjM3AjKOQ/edit) + +>Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### How do lightning nodes find other lightning nodes? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/a/43729) + +---- + + + +###### Does every user need to store the state of the complete Lightning Network? + +>According to [Rusty's calculations](https://medium.com/@rusty_lightning/lightning-routing-rough-background-dbac930abbad) we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7iiiuf/releasing_our_lightning_network_explorer_acinq/dqzrqn8/) + +---- + + + +###### Would I need to download the complete state every time I open the App and make a payment? + +>No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7iiiuf/releasing_our_lightning_network_explorer_acinq/dr34z92/?context=10000) + +---- + + + +###### What needs to happen for the Lightning Network to be deployed and what can I do as a user to help? + +>Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above. + +>All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### Is there anyway for someone who isn't a developer to meaningfully contribute? + +>Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- [Source](https://www.reddit.com/r/Bitcoin/comments/7loswa/bitcoin_has_given_me_so_much_time_to_give_back/drpj794/) + +---- + + + +###### Do I need to be a miner to be a Lightning Network node? + +>No -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ojkoz/lightning_network_megathread/dsac6jb/?context=3) + +---- + + + +###### Do I need to run a full Bitcoin node to run a lightning node? + +> [lit](https://github.com/mit-dci/lit) doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7lui2v/needs_you_yes_you/drpblht/) + +> [LND](https://github.com/lightningnetwork/lnd) uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino + +---- + + + +###### How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)? + +> Upon opening a channel, the two endpoints first agree on a [reserve](https://github.com/lightningnetwork/lightning-rfc/blob/4e6eb48e1465c2a2161a0f75fe0344770044ea34/02-peer-protocol.md#the-open_channel-message) value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as /u/rustyreddit puts it :-) + +>For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. +>Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7npeh6/lightning_network_megathread/ds65r2y/?context=10000) + +---- + + + +###### How many times would someone need to open and close their lightning channels? + +>You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user. + +>Frequency will depend whether the funds are needed on-chain or more useful on LN. -- [Source](https://www.reddit.com/r/Bitcoin/comments/7ld1vl/lightning_ceo_elizabeth_stark_on_bloomberg/drm6w8j/) + +---- + + + +###### Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/68127/will-the-lightning-network-reduce-btc-liquidity-due-to-locking-up-funds-in-cha/68149#68149) + + +---- + + +###### Can the Lightning Network work on any other cryptocurrency? How? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/questions/68119/can-the-lightning-network-work-on-any-other-cryptocurrency?answertab=votes#tab-top) + +---- + + +###### When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened? + +> You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- [Source](https://twitter.com/starkness/status/951274843114127360) + +---- + + + +###### Can Lightning routing fees be changed dynamically, without closing channels? + +>Yes but it has to be implemented in the Lightning software being used. -- [Source](https://twitter.com/starkness/status/951273251929432064) + +---- + + + +###### How can you make sure that there will be routes with large enough balances to handle transactions? + +>You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- [Source](https://github.com/lightningnetwork/lnd/commit/306c4aef8e3af44fb3f2d8f52fc887f2c48e9c04) + +---- + + + +###### How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue? + +>[Stack Exchange Answer](https://bitcoin.stackexchange.com/a/68465/73234) + +---- + + + +## Unanswered Questions + +###### How do on-chain fees work when opening and closing channels? Who pays the fee? + +###### How does the Lightning Network work for mobile users? + +###### What are the best practices for securing a lightning node? + +###### What is a lightning "hub"? + +###### How does lightning handle cross chain (Atomic) swaps? + + +----- + +# Special Thanks and Notes + +- Many links found from [awesome-lightning-network github](https://github.com/bcongdon/awesome-lightning-network) +- Everyone who submitted a question or concern! +- I'm continuing to format for an easier Mobile experience! + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I feel like this isn’t being discussed because most everyone who got into Fundsmith well before July this year are presumably Scrooge McDuck-levels of wealthy because of it. + +However, I started investing around £34,000 in Fundsmith on July 14th and so far I’m down 4.5%, with another big drop expected on Monday. I realise how desperately unlucky it is to be losing money here, but I’m quite worried that unless I pull my money it could well extend into next year on a downward trajectory as Fundsmith is quite focused on US tech stock and the US/China trade war has no end in sight. + +Am I being too cautious? What are other Fundsmith holders feeling about its performance over the last few months? +I would like to open my first ISA Cash and Shares Account and invest in S&P 500 Accumulation as I dont want the cash. Vanguard doesnt offer accummulation shareclass so I was wondering if it is the same as investing in the Distribution VUSA and request the dividends to be reinvested . Is that possible? +Interested to know what stocks people are involved with that linked with Climate change? + +I've seen predictions of a climate lockdown in years to come circling the internet (how true that is im not sure) What stocks could benefit from a situation like that? +I've been reading alot in other threads that UK stocks are essentially a bad investment at the moment and we should wait for the next lockdown after Xmas, which seems to have come early. + +Advice has generally been to wait until at least Q2 if next year + +Although I don't feel that it's right for me to out my investments into US tech stocks and bitcoin at the moment I do feel that there could be some good opportunities. Personally I feel like putting more money into clean energy tomorrow INRG. + +What are your thoughts / plans? +I have a modest amount of money going into various funds every month in a HL S&S ISA. Meanwhile I have £12k that I have built up over roughly 10 years through regular contributions to a Cash ISA, which is rewarding me at a whopping 0.05%. + +I'm thinking of putting the money into the S&S ISA for a better return, and considered some into LifeStrategy 100, and some into a ready-made Portfolio+. The Adventurous Growth portfolio is 80 % HL Multi Manager Special Situations and 20% HL Multi Manager Income and Growth. Ongoing charge is 1.46%. + +FWIW I don't ever expect to use my full annual Cash ISA allowance in the future, hence have no qualms about taking money out, unlike back when the annual allowance was only £3k. + +I’m finally getting to the stage where I can start investing in index funds. I’m going to go for the boring option of a 100% equities global index fund. + +As vanguard seems to be by far the most popular option, I was wondering if anyone uses anything different and why? + +Outside of pensions. +Since the age of 16 I've worked for nearly 12 years full time, albeit at different company's but all for periods of longer than a year with he most extensive being a 5 year period. + +I've been paying into "my pension pot" every month, at some company's this has been as much as £80 a month,over the course of the 12 years this obviously equates to a sizable sum of money. However I've never seen a statement to say what I've paid in or how I can access this money. + +My question is, how do I view the balance of my pension pot and how can I move it all into one manageable "pension pot" that maybe I could invest how I saw fit? +I’ve been playing around with HSBC fund ISA this year and want to try buying my own stocks in 2020. Have people had bad experiences? Any fees they don’t tell you about? +Investing has been an interest of mine for a while, I have finally taken some baby steps in getting the ball rolling (opened a HL acc last week) although I’m wondering whether I’m doing it at the wrong time? + +Brexit is ‘apparently’ going ahead at the end of this month. Is anyone on here removing some or all of their investments until they see what happens off the back of Brexit? + +Another question I have is... are there any companies I can turn my attention on that may benefit off of the success of brexit? + +Thank you. +I am interested in investing in either the VUSA or the CSP1, both track the S&P 500. They both have the same expense ratio and same return as you'd expect. Although one has a per share purchase price of £227 and one of £43. + +Can someone please explain why they are different and if buying one means I will gain more / less than the other? +How much weight do you put in imf market projections when it comes to selecting funds to invest in? Saw this ( https://blogs.imf.org/wp-content/uploads/2020/04/WEO-Projections-table-Chart-APR-20.png ) a few weeks ago and is an interesting view of GDP growth through 2021. + +Fully appreciate that GDP and stock markets are different things and also that are some pretty massive assumptions that can't be substantiatied around how covid plays out, but interested in your views of how these projections would translate into fund/market growth? And the opportunities that this could present? +Hi all + +Im wondering the best way to do this. + +So currently have a LISA and put 4k per year in to get the 1K bonus. Also have around £10k cash sitting in a savings account and I am looking to buy a house in the next 2-3 years. +Also have 3k in some individual stocks (apple, Cisco, Net, SQ, MSFT) + +Is there any point putting the cash into an ETF/Index fund or should I just open one up for the long term and deposit £200pm into it ? + +Any suggestions on what ETF or Index fund? Preferably S&P 500. Also unsure of the monthly / ongoing costs of these if anyone has any idea +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + + +✅ HOGL is #2 trending on CoinMarketCap! This week has been huge for HOGL. + +Announcements from the dev include: + +🌟 announcement the dev will be creating an LTD company to push HOGL where it needs to go + +🎤 AMA with KentheCrypto yesterday + +🚀 breaking out with almost 17k holders.... that’s a growth of 4K holders in just a few days! + +💰 a MarketCap of 6 million + +🌟 Airdrops and staking also coming soon. + +🚀 HOGL on Coinsbit LIVE NOW + Bitmart soon + Tesla Giveaway! + +🚀 HOGL has been a complete rebrand with new logo and website launching within 2 weeks + +🚀 HOGL also has a deal with Coinsbit's marketing department to help push HOGL through all their channels. + +⭐️ WhiteBit front page banner live now + +🚀 Bitmart listing next Wednesday + +Other news: + +⭐️ WhiteBIT smart staking for HOGL added. Banner ads & E-mail marketing currently running! ✉️ + +⭐️ PooCoin promoted slot is now LIVE + +⭐️ Aiming to confirm 2 more exchanges ~ end of April 💰 + +🚗 In case you're living under a rock, you should also know that HOGL has announced a Tesla Model S giveaway! 🚗 + +🚘 TESLA GIVEAWAY: +Https://hogl.finance/Tesla.html 🚘 + +🌙 CHART: https://poocoin.app/tokens/0x182c763a4b2Fbd18C9B5f2D18102a0dDd9D5DF26 📈 + +🦎 CoinGecko: https://www.coingecko.com/en/coins/hogl-finance + +☎️ Telegram: https://t.me/HOGLfinance + +🐦 Twitter: @hoglfinance + +💫 Website: https://hogl.finance + +📈 CMC: https://coinmarketcap.com/currencies/hogl-finance/ + +As always, DYOR. +This is not financial advice. +You've probably seen ASKO mentioned a few places over the past few days but lemme tell you why this is as legit a moonshot as you'll ever see (and I was the first to call Parsiq (PRQ) here a few months ago). +Currently only 15M market cap. + +You get what AAVE is, right? take a bank and make it decentralized, where the liquidity comes from the users and they earn fees from borrows. But with AAVE you only get one option: lend it out, hope you don't get liquidated. ASKO is more like a proper suite of financial products with different levels of risk and reward.. like in the real world where we have loans and credit cards and mortgages and bonds. And where AAVE only has \~10 assets, AAVE has already lined up 30+. Their vision is to let people lend or borrow anything on Uniswap. That's huge. + + +The developers are dOrg, who worked on The Graph, Balancer, even eToro. Everything they've done has been gold. Some quick mental gymnastics: + + +ASKO is currently at \~$15M market cap / $0.15 per token. +Balancer - is at $295M. So that would be a \~15X from here. $0.15 \* 15 = $3.77. + +Same devs also worked on GRT. GRT market cap = $2.1bn, so that would be a \~140X from here, = $21. + +It's a direct competitor to AAVE, with greatly enhanced functionality. In a unicorn scenario (not likely but not impossible) it reaches AAVE market cap: + +$6.5BN, = a 433X from here, = $64.95. + + +Launching in 2 - 3 days. +I recently started a new a job and had to move closer to the office so work gave me a stipend to cover that. + +I went with a moving company I’ve used before, + +I paid the moving deposit using my credit card. + +Day of the move comes, and it goes smooth at the end the movers are supposed to bill me using their system but the system was down so he said he’d send me a bill via email. + +I was sent the bill, but no method to pay. + +I’ve called them, and emailed them and was told they would send me a secure payment link. + +Still haven’t received it lol and that was 2 weeks ago. + +I’m wondering if this is something that I should be putting more urgency on? Will they do their financials in a year from now and send my account to collections? I’m not sure what I should do here. +I had a neighbor ask yesterday how I got into my career and if it related to education etc and it really had me thinking about my career path. I'm not the most financially successful person on the planet and I certainly don't have all the answers, but really digging in an thinking about it made me proud of how far I've come. I just wanted to put this post together for anyone who is down on themselves for not getting into what they thought their career would be or those earning less than they think they are worth. A little background: + +I graduated from undergrad with a Sports Marketing degree in 2009 and because I never had great advice, I didn't have any internships on my resume and I couldn't get a job after graduation. I worked an hourly job for a year and went to grad school to get an MBA. After graduating in 2012 with an MBA, I once again was struggling to find a job in industries that I thought were higher earning (like oil & gas, etc), I took a job at a local chapter of a national nonprofit after a friend who already worked there introduced me to the VP. No real idea of the nonprofit industry, no intention of ending up there, but a job was a job. I accepted an offer that at the time I thought hurt my pride for $36,000. Here's where the next 8.5 years took me all through different sectors of the nonprofit industry (education, health, higher ed, research), entirely on accident. + +* Job 1: 2012-2014 - Started at $36k; Left at $44k +* Job 2: 2014-2018 - Started at $55k; Left at $58k +* Job 3: 2018-2020 - Started at $75k; Left at $75k; +* Job 4: 2020 - Current - Started at $110k; currently at $114k + +Looking back I realized I never would have gotten real significant raises without moving jobs. Just 3 job changes over 8.5 years and tripled salary. Don't feel bad if you end up in an industry you didn't intend to be in, and don't be afraid to take a job you think is beneath you if you can see a path forward. I had always been told by my very old-school minded parents (who both worked for their same companies for 30+ years) that employers look down on resumes with too many jobs. Look out for yourself. +Pokemon GO was launched in the U.S. last week and shot to the No. 1 free app in the iTunes store. It was also launched in Australia and New Zealand, and is expected to be rolled out in Japan soon. +I made more money picking stocks when high than I ever did sober. I thought it would be a good idea to read the Bitcoin white paper while on different drugs. Obligatory note: this is for informational purposes, I don’t recommend you do drugs. Here’s my experience: + +**Weed, 0.4g indica dominant** + +Made me feel like I understood what I was reading. But really I was forgetting every sentence after starting the next. Terrible for comprehension and no value add. Might be better to have a conversation with someone about crypto rather than reading. + +**Alcohol, 4 drinks** + +I’m actually allergic to alcohol so I get really bad flush and I can hear my heartbeat. This was worse than weed - I didn’t even try to get past the first paragraph. I was just breathing heavily and staring at words. + +**LSD, 200 ug** + +I had to wait until AFTER the peak. Words fly around and would be impossible to read during the peak + thought loops - I didn’t want to be stuck thinking about blockchain for an hour thinking about blockchain for an hour. After the peak I started reading, the letters still wobble but it’s readable. I felt blockchain was the product of human greed - no need for blockchain if financial institutions were honest and not-for-profit instead of trying to profit off every damn fee. Would do LSD again when researching other stuff as it gives you a perspective you hadn’t thought about. + +**Adderall, 30mg** + +Definitely works as you might imagine. I had low tolerance since it had been a long time - actually took a little too much and ended up getting too euphoric. I had waves of pleasure hitting me as I tried to read. After that I was able to focus and read all the way through. Useful if you need to do research on a bunch of coins in a small timeframe. + +**Ketamine, 4 bumps** + +I did 1 line waited a few minutes and turned on those lofi coding playlists on YouTube. Music sounded too good. Took another line and started reading. Idk it felt like my brain was sort of jumbled and I didn’t care to read the white paper all that much. Did two more lines while enjoying the music. Ended up in a khole and obviously didn’t finish. But IT was cool, I “saw” the blockchain. Bad for reading. + +**Cocaine, all night** + +I kind of imagined it would be like adderall where I would get focused enough to read in the beginning. Ended up just doing the entire bag in one night and talking with my flat mate about financial freedom and how I would create the next coinbase / binance. Now that I’m sober, no I won’t lol + + +That’s it! + +Tldr; adderall and lsd ranked best when reading the Bitcoin white paper +# Last year they illegaly colluded to stop retail from buying. + +**Don't forget this.** + +**Then they drove the price down** [80% on next to no volume](https://i.imgur.com/1wBDm2Z.png)**, making most of the late january YOLO option plays Out of the Money.** + +**This way they effectively stole a large amount of shares and money from people. And got away with it.** + +\------- + +Nobody stopped them last year. We saw in the congressional hearings that the politicians are even dumber than we are and they won't be stopping anything. + +We've seen how the SEC stands idly by while financial criminals fleece retail for money. + +The market is completely fraudulent, ruled and self-regulated by criminals who collude to scrape every penny out of every fool they lay their greedy eyes on. + +This is why people buy shares and DRS. Because they remember what happened last year. + +Do whatever you want. Buy options, put bananas up your ass, I'm not stopping you. + +\-------- + +# Why I hodl / hold + +I'm holding because I'm seeing a chance of systematic change. I consider my GME money spent. I don't care about getting rich. I don't care about "bullish plays" or "tendies". + +I hold because I want this fraudulent, criminal, tragicomic excuse for a market to change. + +I hold for the future of mankind to not get their savings fucked by inflation, their pensions stolen by billionaires in hedge funds, their cancer medicine research held back by Wall Street Greed, and their lives wasted in debt slavery with monthly overdraft fees only going to enrich demons like Jamie Dimon. + +I believe that shorts are completely fucked. I believe most of Wall Sreet is deep underwater in infinite risk, and those that aren't are indirectly going to be fucked when this thing takes off. I believe that the short interest is absolutely astronomical. + +I believe that moass would have happened last year if they didn't restrict buying. + +I believe theres no way out for Wall Street. Just a matter of time. + +Power to the players. This is how the **Game Stop**s! + +\----------- + +This is Lunar Stonkosis, ape going dark.^(will post my purple rings when they arrive though) +The last time Amazon dished out a stock split was back in 1999, when two shares were exchanged for every one share in investors' hands to push its price down to around $60. + +&#x200B; + +I for one am very surprised given Bezos' opinion on splits. I wonder if the Alphabet split had any influence. + +&#x200B; + +Also announced $10B buyback. + +&#x200B; + +Edit: Adding in link to CNBC article: + +[https://www.cnbc.com/2022/03/09/amazon-announces-20-for-1-stock-split-10-billion-buyback.html](https://www.cnbc.com/2022/03/09/amazon-announces-20-for-1-stock-split-10-billion-buyback.html) + + +Edit2: SEC 8-K filing: [https://www.sec.gov/ix?doc=/Archives/edgar/data/0001018724/000101872422000009/amzn-20220309.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001018724/000101872422000009/amzn-20220309.htm) +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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The share value has lost 5.5% in November month and over 11% over the previous 6 months. + +Despite the divergence in growth rates, PayPal remains a much larger payment type making up 16% of global e-commerce purchases versus Apple Pay's 5%. + +According to Black Friday survey PayPal's e-commerce dominance, with PayPal core and Venmo accounting for 34.9% of Black Friday online payment practices, commanding the third place, with credit and debit leading. + +[In 2022, PYPL trading a small range of 67-121](https://preview.redd.it/zmyqtf32614a1.png?width=1068&format=png&auto=webp&s=c53109395fe70e0ff9fff4bd7cbc3b1b59ba3efa) + +PayPal reported third-quarter revenue of $6.85 billion, up 11% year-over-year, beating the consensus of $6.82 billion. + +Adjusted EPS of $1.08 beat the consensus of $0.96. + +***Do you think, in coming weeks PYPL will go back to $80-85?*** +Good Morning Apes! + +I have to run to DMV this morning and get my address changed after my move so I will be a little delayed in the early part of the morning. I want to get this jotted down before I head out. + +I don't expect a lot of price action today, short and put volume has been picking up the last couple days. + +We are currently floating around max pain which is @ 202.50 I expect we will stabilize in this range and with max pain at 185 for next week we may see a slight dip towards the end of the day. + +The floor for the long-term trend today is at 191.06 + +The EMA 160 is at 173.58 + +[GME Technical Trends on the 1D ](https://preview.redd.it/g8qi0dr2g5z71.png?width=2463&format=png&auto=webp&s=c03fe855ac88147339ba9177fd6873052a23ad89) + +If we fall through the long-term trend that we regained last week this presents and excellent buy opportunity and a chance to average down, for those that know how and have bought the shares they are going to buy a test of the EMA 160 presents and excellent opportunity to buy long-term option positions. + +Had a nice [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Closed just below max pain and nearly record low volume. This is likely intended to crush IV. A drop below max pain of 202.50 and next weeks max pain at 185 indicate a strong chance to trade a bit lower next week and a chance to average down for many. + +I'm doing a stream with Jaime from Tradespotting and his brother Rocky Outcrop, hopefully this weekend. + +I also intend to finish a couple big DD's outlining this whole theory and the potential for long-term options positions. + +Thank you all for tuning in and I'll see you Monday. + +\- Gherkinit + +https://preview.redd.it/7nrgkrodf8z71.png?width=703&format=png&auto=webp&s=51478860ae673d3d47bbbf33706a5fddc6e8d6ca + +Edit 6 3:18 + +Yup... 715k volume. New Record? + +https://preview.redd.it/4wxw6rwk38z71.png?width=1587&format=png&auto=webp&s=a5c8f2d5cda753b2afa5d0405739a84166a103d7 + +Edit 5 2:30 + +80k more volume applied slowly over the last 1:20. The result is as expected and the test subject remains unresponsive. + +https://preview.redd.it/rjqap303v7z71.png?width=1593&format=png&auto=webp&s=629e6138ddcf287ad401c2dc0c13cce3d429dfb6 + +Edit 4 1:10 + +Still chopping around max pain only 180k volume traded since the last update, 23k volume spike came in with no relative movement. Probably a straddle or similar play. + +https://preview.redd.it/miwuiy3gg7z71.png?width=1588&format=png&auto=webp&s=b394f2cdaefd8bb4e63c09b8a79e7d882318058f + +Edit 3 11:10 + +Holding the low side of the 200 resistance volume at 362k. I expect they may try to push it down even further by end of the day + +https://preview.redd.it/i271o7n7v6z71.png?width=1589&format=png&auto=webp&s=587789a6f7d2edd47b78c35ca11db12b2b129fcc + +Edit 2 10:00 + +No significant price movement volume has fallen off hard and it looks like they are dropping IV. + +https://preview.redd.it/c6magm6si6z71.png?width=1596&format=png&auto=webp&s=5b32851e5bba9fc65041d8e5bc5dbbd38551bd02 + +Edit 1 9:13 + +Still flat, I'm back from DMV and ready to go. 50k shares borrowed from IBKR. + +# Pre-market + +Volume: 3.68k (very low , but I am writing this far earlier than usual) + +Shorts to Borrow: + +IBKR - 200,000 @ 0.7% + +Fidelity - 1M+ @ 0.75% + +Slow morning so far. No arbitrage from the EU markets of note. Not a lot to say this early in the morning but I'll keep an eye open for shares borrowed closer to opening bell. All the other ETF basket stocks are a bit down in the pre-market as well so whatever covering was done yesterday appears to be complete. + +[GME pre-market on the 1m](https://preview.redd.it/yo3gq2nwh5z71.png?width=1586&format=png&auto=webp&s=f7ecd223a9b04b5dd7a74403d012bd7608c586ca) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hi everyone, potentially very silly question but please bear with me. + +How does an offset account actually save your money? Does it lower your monthly repayments? + +Eg if you have a $500k mortgage at 4% the repayments are ~$2400 a month + +Does that mean if you have $100k sitting in an offset account you are effectively paying as if your mortgage is $400k, therefore ~$1900 a month? + +And is a redraw account effectively the same deal? +So the past few months have been really hard due to COVID. Losing my job and trying to find employment again. Its been really tight on bills and normal expenses. + +Well this week is my child's birthday, and I can't even afford a card for them let alone a present. I just want to find a hole and go cry. Sorry just needed to vent somewhere + +*NOT ASKING FOR DONATIONS FOR MODS INFORMATION* +context: It's been 2 months since I first started trying to come up with a profitable strategy for Forex markets but unfortunately all my prototypes (all ML based) are nowhere near profitable , I know that ML works and applying it here may be super hard, but I happen to like the challenge I guess , I'm also not expecting to come up with something extraordinary anytime soon . + +I know it may sound amateurish but I'd love to know what are you guys modeling , is it the log returns ? the returns ? the next raw price ? the price in the next X ticks ? the direction ? + +or am I asking the billion dollar question ? + +would love to hear your thoughts . +context: It's been 2 months since I first started trying to come up with a profitable strategy for Forex markets but unfortunately all my prototypes (all ML based) are nowhere near profitable , I know that ML works and applying it here may be super hard, but I happen to like the challenge I guess , I'm also not expecting to come up with something extraordinary anytime soon . + +I know it may sound amateurish but I'd love to know what are you guys modeling , is it the log returns ? the returns ? the next raw price ? the price in the next X ticks ? the direction ? + +or am I asking the billion dollar question ? + +would love to hear your thoughts . +all day long making money. until i wasn't. y'all are my witness: i will never trade without a commitment to sell at a certain percentage/$ again. lack of discipline costs money. i didn't lose a ton, but i lost all my gains plus 50% for the day. then i had to sell at the dip because i was afraid of my account dropping below $25k. lesson learned this time, i hope. wtf. so mad at myself. :( + +anyway: i will never trade without a clear exit commitment again. +all day long making money. until i wasn't. y'all are my witness: i will never trade without a commitment to sell at a certain percentage/$ again. lack of discipline costs money. i didn't lose a ton, but i lost all my gains plus 50% for the day. then i had to sell at the dip because i was afraid of my account dropping below $25k. lesson learned this time, i hope. wtf. so mad at myself. :( + +anyway: i will never trade without a clear exit commitment again. +My current employer is a startup LLC. It's about 3 years old and we only have a few employees but are expanding. + +I've been working my ass off since I started just over a year ago. 50-70 hour weeks consistently. I redesigned / rewrote our entire product from scratch basically alone. (humble brag but it helps support coming info). + +When I started we had no clients or real prospects, now we have 3-5 clients that are in the process of signing documents and will be using the product within 2-3 months. Basically it's crucial we finish up a few features and make sure everything is bug free. + +Well a couple months ago Google called me up and flew me out to Mountain View for an interview. I told the CEO about it a month before I went down. He freaked out because they really can't loose me. He said he'd try to offer me part ownership of the company to stay even if I don't get the job. + +Didn't get the job at Google. Now that it's crunch time I need to take on a lot more responsibilities. At least until we expand to almost 300% of the company. It means a lot more work than what I'm already doing. + +The CEO talked to his lawyers to figure out how to get me partial ownership. They said they'll give me something called "Equity Appreciation Rights". 5% vested over 4 years. They said it is similar to stock options but for LLCs and that I won't have to pay taxes on it. + +I have never heard of Equity Appreciation Rights, what the rules of them are, the pros/cons, etc. Can anyone give me any info about what to expect? Is there any red flags I should watch out for, if 5% is anything to write home about, etc. This is a lot more responsibility and I need to know if it is worth my extra effort. + +Thanks in advance for any help! +Rapid growth of GHash.IO mining pool, seen over the past few months, has been driven by our determination to offer innovative solutions within the Bitcoin ecosystem combined with significant investment in resource. Our investment, participation and highly motivated staff confirm it is our intention to help protect and grow the broad acceptance of Bitcoin and categorically in no way harm or damage it. We never have and never will participate in any 51% attack or double spend against Bitcoin. Still, we are against temporary solutions, which could repel a 51% threat. + +In any market, competition and innovation drives growth and that is particularly true in an emerging and disruptive environment such as Bitcoin. Successful and innovative companies cannot be expected to limit their growth or competitiveness as a direct result of their success. However, this is the situation we find ourselves in when faced with the community perception of the threat of a 51% attack on Bitcoin. Asking our users to not use our services or to use competing solutions is not conducive to fostering innovation. Implementing a pool fee to our pool contradicts principles of our operation from the very launch of GHash.IO. It also does not address the core issue only pushing the problem a few weeks or months down the road when another pool or perhaps GHash.IO again grows towards 51%. + +We do fully recognise the concerns and possible threat posed by an entity with malicious intent taking control of enough mining power to exploit the 51% scenario, but we also have confidence and agree with the views expressed by the Bitcoin Foundation that any such exploitation or attack ”would be obvious it was happening, and pretty easy to defend against. The transparent nature of the blockchain provides unprecedented insight for all to investigate and report such behaviours. + +We also recognise however that a long term preventative solution to the threat of a 51% attack does have to be found, the current situation we find ourselves in (essentially being punished for our success) is damaging not only to us, but to the growth and acceptance of Bitcoin long term, which is something we are all striving for. + +To that effect we are in the process of arranging contact to the leading mining pools and Bitcoin Foundation to propose a ‘round table’ meeting of the key players with the aim of discussing and negotiating collectively ways to address the decentralisation of mining as an industry. Our aim is to do this quickly with a possible date coinciding with the CoinSummit Conference in London. +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! + +Sorry Moon post. Past $20 by 31st July. +Most of the people i introduced to Ethereum topped up at $10 - $12 during the last 3 weeks and i believe this is the reason it will recover to $20 so fast. People worried got out, now see the HF was a success and will buy back in, but all them shares they sold were also bought by people for long term. Yes traders got many and they too will sell at $14, $16, $18. +The Chinese exchanges cant ignore ETH forever and now that the Bitcoin halving is done i believe they will add ETH soon. +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! + +Completely aware that the macroeconomic conditions are terrible right now, but I am not wasting this opportunity to layer into the market. I remember in October when Bitcoin was peaking its head above the all time high and instead of going higher we went sideways for a whole month in anxiety. Then we dropped, and spent the entire first quarter bouncing around the 30-40k range. It was exhausting, and I was only hoping for it to finally rip the band-aid off and go whichever direction it was going to go. I looked back and wished I was around to buy back in the bear markets of 2018-2019 instead of dealing with higher valuations and anxiety. It's easy in hindsight, but I wished I could + +And now I feel like that opportunity is in my hands. We've dropped, and we can go much, much lower than this. But this is plenty good for me to DCA in weekly, I haven't sold any of my crypto since I got in early last year (why would I, it's at a loss). Going to hold onto it for the long term and see what happens. + +In an alternative world if Bitcoin did pop up and went above $100k last year, I wouldn't have made nearly as much profit if it wasn't for a bear market instead like what we have to buy some more. I am happy to be around all this fear. +https://www.reuters.com/business/finance/ubs-buy-us-wealth-management-specialist-wealthfront-14-bln-2022-01-26/ + +>Swiss bank UBS has agreed to buy Wealthfront, a U.S.-focused automated wealth management provider with more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. + +>The acquisition of Wealthfront, which has more than 470,000 clients in the United States and caters to well-off millennial and Gen Z investors, is set to close in the second half of 2022. + +>"UBS will accelerate its growth ambitions in the U.S., broaden the firm's reach among affluent investors and expand its distribution and capabilities," the two companies said in a statement on Wednesday. + +>Wealthfront will become a wholly owned subsidiary of UBS (UBSG.S) and will operate as a business within UBS Global Wealth Management Americas, they added. + +>"Adding Wealthfront's capabilities and client base to our global investment ecosystem will significantly boost our ability to grow our business in the U.S.," UBS CEO Ralph Hamers said. + +>UBS Investment Bank is acting as financial adviser to UBS and Sullivan & Cromwell is legal counsel. Qatalyst Partners is Wealthfront's financial adviser and Fenwick & West is acting as legal counsel, the statement said. + +I wonder if this will start a trend, seems like most of the major financial outlets have some sort of robo option at this point, many of them far more robust than the independent guys that started the trend 8-10 years ago. Lots of these companies are already courting buyers since they are in the very late stages of private equity - some such as Robinhood and Acorns have gone public already, others seem to be exploring partnerships with larger entities. + +I'm interested to see if any of the ones that try to go it alone (IE not merge with a large financial institution) are around in the next decade. +To make a long story short - I have had a remote job for 2 years. I bought a house in another state. Cleared with my boss ~ 9 weeks ago. Closed about 3 weeks ago. HR “found out” about a week ago. I was told by my boss they wanted to chat with me - not to worry. Had the chat today and I was let go. My boss didn’t know before 30 minutes before the meeting and yeah they made him be the one to tell me. + +Now it doesn’t matter if it was right or wrong or whatever. It’s an at will state and I was terminated. I do not have a claim for wrongful termination. + +But I just spent lots of money on closing costs (my savings) plus a last minute IRS debt cost me several thousand in order to close. I also threw out all of my furniture because most of it was too cheap or old to be worth transporting. Still cost me ~$2000 for the uhaul box I got. + +Basically, I’m broke. I’m fucked. Way more fucked than I would’ve been 9 weeks ago - for the record - but again, what’s done is done. + +I don’t have any subscription services to cancel. My car insurance just went down due to the move. I have filed for unemployment. I will (should at least) qualify for the max in my state but that’s about $2300/month before taxes. + +Sorry some of this is a vent but just looking for any advice I may have missed. +I'm 33 and slowly plugging away towards Regular FI (75k/yr salary, 400k CAD NW) but I find myself worrying about money every day. I am lucky enough to love my job, but it requires me to live in a VHCOL city (3k/mo in expenses including mortgage) and it is in a fairly unstable cyclical industry; these two factors are the source of my anxiety. + +I don't know when but its only a matter of time before the industry slumps again. Many of the skills I have will not transfer over into other industries, and the ones that do will only set me up for jobs that earn much less money (45k). I feel like I'm constantly preparing for this unknown date and would like to be as close to FI as possible before this happens. When I think about the possibility of having kids in the future and all the expenses associated with that it makes things even worse. + +At what point did you stop worrying about money; was it a specific NW?, percentage of expenses?, full blown FI, or something else? +I am a single 24 year old male with no kids and got a job with a great company right out of high school at age 18. Full benefits, 401k with 4% company match ($12,500 total in my 401k so far), great opportunity for advancement, quarterly bonuses, sick days, 4 weeks vacation, and THEY HELP PAY FOR COLLEGE (up to $5,600 per calendar year), the works. The only problem is, I am very unhappy working there. I get no satisfaction out of the work whatsoever, my coworkers are worse than a group of teenage girls when it comes to office gossip, I work a 10 hour overnight shift, and I cannot change my position for at least a year due to my most recent promotion. + +&nbsp; + +I have been attending college part time online at my local state university but due to my workload I can only take on about 2 courses per semester. At that rate, my schooling would be paid for entirely by the company but a Bachelor's degree will take a very long time to obtain. Lately, I have been obsessed with the idea of leaving my company, getting a part time job, and going to school full time for a degree somewhere in the field of STEM (most likely some type of engineering). I am having a very hard time deciding if this is a good idea for me financially both short and long term. I love this sub so much and have taken away such great information over the past few months and now I have come to you guys asking for guidance. + +&nbsp; + +Here are my financial particulars: + +&nbsp; + +Income: In the 2014 calendar year I made approximately $46,000 before taxes. I have gotten a promotion recently and so far I am on track to be making just about $50k this year (post tax). I am paid bi weekly. My checks usually vary slightly depending on overtime pay or holiday pay but on a normal check with 80 hours I am looking at about $1200 post tax at around $2400/mo total. + +&nbsp; + +Expenses: +Rent: $500/mo ( I am sharing a two bedroom apt. and splitting the $1000/mo rent) + +Car Insurance: $236/mo (2009 Subaru Forester) + +Car Loan Payment: $189/mo with $9,600 left to pay off + +Personal Loan Payment: $130/mo with $3,792 left to pay off. (this was a stupid purchase I am trying to recover from) + +Student Loans: not making payments yet (as I'm still a student) with $7,000 balance total + +Credit Card debt: $160/mo between two cards with $2,610 left to pay off + +Gym Membership: $40/mo + +Groceries: $250/mo + +Utilities: $80/mo + +Gas: $40/mo (approximately) + +&nbsp; + +Is it worth it to leave my well paying job for years of part time pay and student loan debt in hopes of brighter pastures? Is it even possible with my income and expenses without drowning? + + +I am usually living paycheck to paycheck already. I do my best not to eat out or go to the bar but it is difficult sometimes being a young single guy and not trying to enjoy my life just a little bit. If I was to go to school full time, dorming would not be an option. I have a 6 year old dog named Bradley that I care for and going back to Mom & Dad's is not an option either. + +&nbsp; + +Thank you fine people of /r/personalfinance for taking time to read about my situation and offering up any advice in advance. I love you guys! + +TL;DR I am thinking of leaving my job that makes me $50k per year to work part time and go to school full time. + +edit: spacing + + +WOW, thank you all for you're two cents. That's why I love this sub. I think focusing on taking care of that debt first is most important. Seriously, thank you all for the advice. +I am 14. For context everything is in cash because I don’t trust my parents to not take it. +For income I +- mow lawns and do yard work earning between 60 and 150 a week. +- tutor some middle schoolers earning 100 dollars a week +- gifts from others + +My expenses aren’t much but include +Public transportation- 114 dollars a month +Fun stuff- 50 dollars + +Savings categories as I put them are +College- 60% of what is left +Just in case- 25% of what is left +Other- 15% of what is left + +So in the case of 100 dollars being left after expenses 60 in college, 25 just in case, and 15 in other. + +Is this a good start? + +Edit to add; ok so was not expecting this to get this big. +Something I’d like to say +- I am not in any way going to be opening up an investing or any other type of account until I come of age. The reason why I say this is because when they kicked out my brother in July of 2020 he was 17 and they drained his bank account including all of his savings. + +- the college category. A lot of people are giving different advice and here is the simple truth. I don’t know if I’m gonna go to college or not but I do know that whatever I decide to do is going to require some type of training and said training will more than likely require money. + +- as for the people saying to just have fun I do. I enjoy reading, skiing, soccer, camping, rock climbing. Anything that keeps me out of the house. + +I will try to read all responses but there are a lot. And thanks for the awards. +I know there is enough debate to get a million different opinion on just "Is it bad for the USA?" but I just wanted to see people who might know more than me discuss +I'm a developer, not a financial expert (not even a financial amateur), so obviously I'm drawn to the idea of using my coding skills to my advantage. What I'm having trouble wrapping my head around is why the basic of this type of momentum trading doesn't seem to work: +[https://github.com/alpacahq/Momentum-Trading-Example/blob/master/algo.py](https://github.com/alpacahq/Momentum-Trading-Example/blob/master/algo.py) + + +The gist is to enter the market after the first 15 minutes to avoid early morning volatility, but then only invest for 45 minutes to capitalize on early big moves. The signals to buy a stock are: + + +* up 4% from the previous day's close +* above the highest point seen during the first 15 minutes of trading +* MACD is positive and increasing +* high volume +* price within target (default >2 & <13) + +Set to sell when: + +* Stock drops to a stop loss level or increases to a target price level. +* MACD is no longer positive +* End of day + +To me, logically, it just makes sense that if a stock has been continuously rising and all given signals shows that it \*should\* keep rising, then it's a "safe bet" that it will continue rising. As in, if it's risen 5% already and you buy in, what are the chances THAT was the peak and it doesn't continue at least a little higher. However, through paper testing it seems like it's doing exactly that, the stocks are getting to exactly the 4% gain to trigger entry and then as soon as I buy it starts trending downward. Am I just having terrible luck or is there something innately wrong with this strategy? +In academia, there a lot of research on modeling price impact, the price discovery process, optimal liquidation/acquisition. They use a lot of theoretical math such as stochastic calculus and dynamic programming. The functions and numerical solutions they provide are full of unreasonable assumptions and contain way too many parameters. + + +Are these models impractical, or can they be tweaked to perform better? Do real algo trading firms or you guys use similar mathematical models like this? + +As an example, [here's ](https://cs.uwaterloo.ca/~paforsyt/quad_trade.pdf)a paper published in 2011 on using the HJB PDE to determine an optimal trading strategy. I understand the derivation, but unsure on its practicality. The reason why I am asking is whether it's helpful to read papers like this and try to create a model. +Quick context: I fucked up my education and teenage years. Got into drugs very young, at that I still passed all my GCSEs (sober or not) and got into a mechanic course at college. I dropped out shortly after falling into a long coming spree. + +Now I’ve met someone who saved me, and while young we have a child on the way. I want whats best for her and my daughter. I am on okay money, she wants to go back to work after child is born but i’ve a dream to work on cars and to provide a better life for my family. + +Is there any way I can afford this? I know it’s probably a long shot +I seem to have been at the 1 million (GBP) milestone for a few years, but haven't been able to push far beyond. I'm self-made through my dedication to saving, ruthless judgement on purchases, and businesses I run. I have 25% of my NW in index funds / premium bonds, 25% in my businesses, 35% in the home we live in and 15% in Bitcoin and other assets. I'm 41yo with partner and child. Our family won't be growing and whilst it would be great to move house one day, we are comfortable with where we are, and take many trips away thanks to owning a campervan. We don't have expensive taste, no fine wine or watches, and probably live on 40k per year. I know this NW is hardly anything compared to many of you, but I'm sure some of you were in this position at some point. I've never considered property investment, not entirely sure I have the stomach for it, and I forecast my businesses will continue to operate at existing levels (a mere 80k per annum) for another 5 years; albeit on very few hours actual graft each week. I'm a hard worker, strong work ethic, so starting a fresh business is certainly on the agenda but what else might I want to consider. I'm at a point of struggling how to reach my target of 5mil. Some will ask why I want to reach that; because I want to jump a couple of runs on the ladder for our next home, and I've always had a passion for cars and would like to finally get in to a supercar, rather than sports car. Above all, I want to provide a future for my son who suffers from a number of disabilities that will likely impact his chances of a 'normal' life when he's an adult. My post is because I'm lacking motivation right now, and to that end am not as happy as I could be. Any suggestions greatly appreciated. +I've decided to go all in with ETH and get rid of all my BTC. + +I don't think the infighting in BTC is going to be good long term. I think the way this hack has been dealt with in ETH shows good promise and I expect the price to bounce back. + +I'm in the process of dumping BTC but the process is painful, its taking forever. http://imgur.com/UpxkrUg +I’m a naturally low spender, so I don’t track my expenses very closely. Today I decided to check out Mint to see what I spent in 2020. All in, it was just under 30k. With my current net worth of $1.25M and planned withdrawal rate of 3%, that theoretically means I can support my spending on my current investments, which is an unexpected surprise. + +I wouldn’t actually consider myself financially independent yet for a few reasons: + +*I expect my long term retirement spending to be higher than my 2020 (Covid) spending. Healthcare, additional travel, and possible lifestyle creep/kids/whatever as I get older all factor in here. + +*About half of my net worth is in relatively illiquid private stock. There are liquidity events about once per year, and I plan to exit this position before actually retiring. + +*I currently rent the room where I live. Long term I plan to own my own house, and I won’t really consider myself “independent” financially until I have a paid off home. + +Still, it’s a cool milestone. Basic background on me for those interested: 29M, $1.25M NW, LCOL area (if anywhere can be considered that currently), salary around 100k not including stock compensation, work a technical job but not software + + +[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 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: + +# [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 + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***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!* +Maintaining multiple vacation homes? Fine dining every other night? Flying first class everywhere? Flashy clothes/shoes? Multiple sports cars? Monthly addition of new jewelry/luxury watches? Private school for multiple kids? + +To have all of the above comfortably would require a very sizeable nut...10-15 mil but seems a lot of us don’t aim for that. + +So what are you going to be spending on? +So my hubby (40M) and I (32F) are welcoming our third baby in a few months and we would like to maybe have one more, and a lot of my friends and other couples are a bit shocked-they always talk about all the expenses of having a kid and etc. My husband and I come from a Indian/Middle Eastern background so having kids has always been important to us. Regardless, most of my high net worth friends and married friends don't have kids and the ones that do have like, one, and they gave birth in their late 30s. From my experience I've noticed that many high net worth individuals don't have kids. So I was just wondering how it is in your social circle? +Thinking about taken a personal loan out for 10k and doubling up with margin to invest in solid growth stocks and dividend stocks. I know it’s inherently risky to invest borrowed money but I’m only 21 and if I lost it all it wouldn’t be the end of the world but I could have some nice returns if I invested wisely. My plan is to dump 5k into uwmc (not sure if I should wait til earnings or after) I’m leaning towards half now and half after earning just incase it tanks for some reason. Then leaving 5k for options. My strategy for options is to wait for red days and buy the intraday dip with calls at least a month out and sell shortly after. This strategy has worked well for me in the past. Recently did it with amd but should of held that for longer. Any reasons why i shouldn’t do this? +I hear extensively that therapy is invaluable for overall satisfaction and life trajectory, especially in HNW and FatFire circles. But I don't know the best way to approach finding the right therapist as I've never participated in therapy before (mid 30's M). + +Re: FatFire relevance, my particular situation may be relevant to others as well - FF but still "working" to a certain extent - basically as much as I want as a consultant to keep my brain active, a level of fulfillment, social relationships etc. I am healthy, exercise regularly and have a happy marriage (don't really have a lot of time consuming hobbies). I would love some healthy perspective on career/life growth, happiness when you have "won the game" - i.e. what's next?, when to keep going/when to stop and how to internally evaluate, relationship growth and engagement etc. + +I have looked into a variety of online therapy tools but a) I am relatively happy overall (probably a 7-8 on a 10 scale), b) don't have time or interest in weekly sessions, and c) don't see many professionals that seem to have relevant experience for this type of situation. + +Would love some thoughts from those with more experience. +Edit: I didn't even get glasses! I haven't ordered them from the healthcare provider or from anyone else. And the bill was from my healthcare provider's OPTOMETRY office and the person who did my exam has an OD, not an MD, so was definitely an optometrist and not an ophthalmologist. + +Called my healthcare provider before Jan 1 to schedule an eye exam. They said I was fully covered for the eye exam even though I didn't have a vision plan (Anthem Blue Cross HMO). + +On Jan 1 my employer switched me over to an Aetna HMO. On Jan 13 I showed up to my appointment. + +I asked the receptionist at the eye institute if I would still be fully covered under my new insurance without a vision plan and they said yes. I go ahead with my exam and I'm told I have 20/20 vision but there's some room for correction if I decide to get glasses anyway to reduce eye fatigue (increased eye fatigue in recent months is the only reason I went in). + +Boom, I now have a bill for $552. + +I just got off the phone with the billing department and they said that they will call my insurance tomorrow morning but if it doesn't go my way I'll be treated as a cash patient. I asked for an itemized list of charges and the only two items were "PROVIDER VISIT" each with different procedure codes (92004 for $468 and 92015 for $84). + +I'm upset because I have 20/20 vision and I had an eye exam that I could have paid $75 for out of pocket at Costco. Can I haggle with the billing department and offer a smaller amount, like $150-175 up front to get them to leave me alone? I've never haggled over debt/bills before but I've read here that it's always worth trying with medical bills. + +Update 20210129: I called my healthcare provider and they said they would investigate why those codes were used. I called my insurance and they said they never received a claim from my healthcare provider. Waiting to hear back from my healthcare provider in about ten business days. +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! + +Hey Brad, + +First a bit about me, I'm young and have been trading successfully with my own money for the last 2.5 years and am now retired. Thanks Elon. + +With that out of the way, the beautiful thing about this movement is it's not a movement with any one representative point of view. It's more of a public gathering where if one person has an idea and it's well thought through, it gets upvoted and awarded. It's truly democratic and decentralized. + +The GME phenomenon started exactly this way, when a few people including Michael Burry (Big Short fame) noticed that it was trading ridiculously below book value. Others on here took notice and believe it or not, did thorough due diligence (I encourage you to use the "DD filter" and see some of this, it's pretty incredible work) with financials laid out and then wrote posts about it. When Chewy founder Ryan Cohen took on a large position and became another activist investor with a grand new vision, more people on here noticed and saw not only and undervalued asset but one with actual explosive growth potential given the gaming sector growth. + +Then people here took notice of the fact that 148% of the float was sold short (still a bit hazy on how this is legal) and did what Wall St. and the mainstream media didn't do, they looked and saw the audacity and greed of a few funds who thought they could never lose, were completely over leveraged and then acted on this public info and posted about it. More people here noticed and more people acted. + +This is done everyday by hedge funds behind closed doors. The only thing we did differently is we did it out in the open and without inside information. + +With that said, I have to respectfully decline to go on the air and be a representative of over 2.8 million members of Wallstreetbets, which by design, is not a coordinated movement and should not have a representative. I sincerely believe this and am not trying to be a hero or "anti-establishment." + +I really appreciate you reaching out and I want you to feel free to use any of this for your segment but please make sure to stress that this is just the view of 1 out of 2.8 million people and not necessarily the views of the subreddit. I really think Fox Business has a once in a lifetime opportunity to cover the shift of market power from private to public and to differentiate itself from the hacks at CNBC. + +Godspeed and make us proud! +A humble retard +I tagged along to an inspection in Nundah today with a mate who is looking for his first property. When we arrived (about 10ish minutes after scheduled start time) there was a queue that extended from the door of the property about 20-30 meters down the driveway almost onto the road. + +Given all the information circulating about the slow down in the housing market I was expecting to see a few other groups go through but nothing like what we saw. The agent said that 20+ groups had already gone through the property before we arrived and the line to get in was bigger on our way out than it was on our way in. The place would have seen an insane amount of traffic. + +The agents running the show were asking for offers to be in no later than 3pm same day and no building and pest inspection had been done either. I suspect it is probably a case of real estate agent under quoting the price of the place but it was interesting to see nonetheless. + +Property in question: + +[https://www.realestate.com.au/property-townhouse-qld-nundah-139708223](https://www.realestate.com.au/property-townhouse-qld-nundah-139708223) +Reposted from [/u/Particular-Wedding](https://www.reddit.com/u/Particular-Wedding/) for more visibility. I reorganized it a bit and added some stuff. + +&#x200B; + +This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion!   + +&#x200B; + +Over 90% of institutional investors would no longer have to disclose their holdings of penny stocks, this could lead to surprise massive sell-offs which would tank the price of the penny stock they invested in. + +Since an institutional investment can also pump the price if they buy into a penny stock, this would also prevent us from knowing what penny stocks the smart money likes. + +All of this also means our beloved sabby won't have to disclose his positions. /s + +[https://www.sec.gov/rules/proposed/2020/34-89290.pdf](https://www.sec.gov/rules/proposed/2020/34-89290.pdf) + +[https://www.sec.gov/rules/proposed.shtml?\_\_s=cvwgmhfkxsnsnrbvs6py](https://www.sec.gov/rules/proposed.shtml?__s=cvwgmhfkxsnsnrbvs6py) + +&#x200B; + +**Write in and tell the SEC “Hell No!” to these disclosure changes.** + +[https://www.sec.gov/rules/submitcomments.htm](https://www.sec.gov/rules/submitcomments.htm). Click on “Submit comments on S7-08-20”. + +[rule-comments@sec.gov](mailto:rule-comments@sec.gov). Include the file number S7-08-20 in the subject. + +&#x200B; + +Comments are already pouring into the SEC.  I am urging everyone to please post a comment on the proposal to the SEC site linked below.  Why should we care?  How are we impacted by this?  Below are some issues to raise.  Please mention them in your comments to the SEC and to your representative in Congress: Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. + +* The “justification” for the rule change is highly questionable. +* When is less transparency and less data ever a good thing for the small investor +* Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. +* In the event of a significant correction the number of reporting managers would be diminished even further.  The S&P suffered a 56.4% decline during the 2007-2009 financial crisis.  A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more. + +&#x200B; + +One SEC commissioner, Allison Heren Lee, has already voiced her opposition to this proposal.  [https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10](https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10) The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. + +&#x200B; + +To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers.  $2.3 trillion in investment holdings would no longer be disclosed to the public resulting in loss of transparency and valuable insight.  When Congress first adopted Section 13(f) it did so to “stimulate a higher degree of confidence among all investors in the integrity of \[the US\] securities markets.”  Taking this data away will have the opposite effect.  Transparency is what gives investors confidence in US markets. + +&#x200B; + +The SEC should be pushing for more disclosure and transparency and not rolling back existing rules. This can only hurt small traders/investors and provides little to no benefit or savings. +Is anybody aware if WealthSimple offers a level 11 on their risk assessment? It's supposed to be a 100% Equities portfolio. You have to call WS and have them unlock this feature. Has anyone ever done this? +Hi community! + +What is your preferred way of maintaining a financial guide for your spouse/partner in the event you pass away? Do you prefer to keep a running document that they have access to? Something else? + +What works for you best? And what are your considerations of what all information to include in such a guide? + +Thank you! +I am in a good place financially. No debt, upcoming 20k raise, saving 25% pre-tax for retirement (30% with match). I am currently driving a paid-off car that my parents bought me about 7 years ago before I went to college. I would like to drive it for at least another 5 years, if not another 7. + +I feel the urge to start saving now for the next car. I don't like the idea of paying interest, and I also don't like the idea of only paying for a downpayment and then having a significant amount of my discretionary budget taken out for 3-4 years after purchase. As such, I was planning to begin saving with the goal in mind of having $20,000 saved after 7 years. If my current car fails before then, I can use what savings I have for a downpayment, or to buy a car outright. + +Does this make sense? I should be making more money in the future, so does it make more sense to just save for a downpayment? I know there is a good chance that I could get a low interest rate. + +What are your thoughts? +Wasn’t sure how to phrase this. I read online about so many strategies to save taxes such as setting up a corporation, paying your kids a salary, paying parents and having them gift money back to you, etc. But, never had an accountant recommend any strategies. Just file your taxes and see you next year. EVERY accountant seems to be like this regardless of marketing speak about being your “partner”. Is there a different kind of professional that can help? Or have I just had bad luck? + +FYI I pay someone about $4k for preparing personal taxes for me and wife that include single family rentals in multiple states and multiple K1s. +My husband and I took Dave Ramsey's class before we got married. Dave is ADAMANT that people pay for their cars in cash. Both of our cars are now crapping out. We've put 4000 into my husband's car (only worth 2000ish) just since January. We can afford to make repairs but not buy a used car outright. We're expecting that both of us will need to purchase a car by next winter. Is buying a car and having a car payment really that bad? Any advice on timing is appreciated. +With their recent decline (even after releasing great Q3 earnings beating Q3 2020 & 2019), I feel Foot Locker has been over sold and has become a value play. Their decline came after possible supply chain issue, even though the CEO mentioned they have inventory ready for the holiday season. Also took a nice hit with the Omicron news. Before I get my ass torn in this server, I'm just bouncing ideas and looking for feedback. + +Their balance sheet looks healthy, even after taking hit during the pandemic, with enough cash/cash equivalents to cover current liabilities. Even with the new Omicron Variant, I can't see the 2020 level of economic shutdowns occurring again that may put Foot Locker at risk. Their FCF has been great throughout the years, well enough to continue their dividend increase and share buy back program. They have had two recent acquisitions (WSS and Atmos) furthering their market share with enough cash to keep a healthy balance sheet. I also liked their investment in GOAT, an exclusive appeal market place, that gives them exclusivity over Amazon. These are only some of the reasons I liked them, let me know what you guys think, would appreciate any further insight. +Where do you guys go to find industry reports? I’ve been using IBISWORLD, it’s pretty good for US/Canadian markets but it’s kinda tough to find reports for global markets. Looking for some alternatives. Any suggestions? + Right now everything is overpriced. But I think its better to invest in overpriced market than to hold the cash and loose all value on inflation (40% of USD were printed since covid stared + Biden is considering another 3T stimulus). Theres high propability of high inflation in upcoming years. + +This printing of money (making inflation value high p.a) can be good for the goverment to pay off the debt. I think thats the justification of the current printing, obviosly apart from stimulating the economy. + +I thought that market is in bubble, where everything is overvalued and is doomed to have big corretion. But when I consider that there will be this amount of inflation, the market propably wont crash, it will just adapt to the inflation. + +With USD loosing its buying value, the stock market can perform good on paper, but if the inflation will be higher than the gains, you will be loosing money anyway. + +95% of the investors wont realise this and they will be bullish because they will be getting decent paper gains. + +Still, I think stocks are best protection agains inflation, right after currency which shall not be named, and gold. + +What do you guys think? I would love to hear different opinions or constructive criticsm, and I hope to start a discussion in the comments. +I’v done quite a bit of research on $BBBY which by all metrics has a negative eps and negative p/e. Generally speaking most values are negative. It has a 400M market cap and enterprise value of 3.5B. They have the buy buy baby banner they are working to unlock value with via a sale or spin off. CEO was recently fired and new board members will be elected July 14 via Ryan Cohens people. This last quarter imo is the worst it’lll get. It is identical to GME when DFV was in there initially and when Cohen entered that stock back then. + +I’m trying to untangle how Cohen is arriving at his projected values generally speaking. He took over a 9% stake back in March. + +Cohen wrote a letter to the board after his stake was taken in March: + +2. Seek to Monetize the Ultimate Destination for Babies – Another path that can streamline Bed Bath’s strategy and unlock value trapped within the Company’s underperforming shares is a sale or spin-off of the BABY banner. Given that BABY is estimated to reach $1.5 billion in sales in Fiscal Year 2023 with a double-digit growth profile and at least 50% digital penetration, we believe it is likely much more valuable than the Company’s entire market capitalization today. Assuming continued growth and low double-digit margins, we estimate that BABY could be valued at a double-digit earnings multiple on a standalone basis. We believe under the right circumstances, BABY could be valued on a revenue multiple, like other ecommerce-focused retailers, and justify a valuation of several billion dollars. +In the event Bed Bath pursued a full or partial sale of BABY, it could position itself to pay off debt, put cash on the balance sheet and continue reducing its share count, thereby creating significant value for shareholders. Spinning off shares of BABY would be an even more efficient way to transfer value to shareholders. Notably, BABY’s high online penetration would likely ease operational hurdles. We assume Bed Bath and BABY could still have a shared services agreement to maintain an omnichannel experience for customers. + +3. Evaluate a Full Sale to a Well-Capitalized Acquirer – The final path we want to raise for consideration is a full sale of Bed Bath, in its current form, to one of the many well-capitalized financial sponsors with track records in the retail and consumer sectors and the ability to pay a meaningful premium. The past 10 years have shown that Bed Bath faces a difficult existence in the public market. The market is not giving the Company nearly enough credit for BABY’s value. A sale that can lock in a substantial premium for shareholders and provide Bed Bath the flexibility of the private market could be an ideal outcome for customers, employees and investors. +We believe Bed Bath presently satisfies financial sponsors’ interest in specialty retailers with recognizable brands, niche assets and sub-banners, and margin expansion opportunities. A private market participant with a long-term vision could unlock meaningful value by running the core business for cash and initiating a public offering for BABY at the optimal time. After stripping out the sizable costs of being a public company and setting a more focused strategy, we suspect Bed Bath’s core business — excluding BABY — could generate attractive earnings.” + +https://s.wsj.net/public/resources/documents/bbbletter030622.pdf + +Any recommendations as to how I can determine a fair value on a company like this one? Thanks! +I was wondering your thoughts on Nordstrom (JWN). I bought at 12 and now have an 100% gain on the stock. I realize quantitatively, this is not much of a value stock because of the debt they carry. Although in the past they have been profitable and their income trend line has been increasing over the years. Their debt does concern me with a .87 debt/equity ratio but I know a lot of retailers work on slim margins. Their earnings report the last few quarters have shown a 50% increase in e-commerce sales. I bought at a 2b market cap which I thought was extremely undervalued because their debt was worth 3x as much as that and I didn’t see them going bankrupt. Qualitatively they do have a very good reputation and strong loyal customers. Unlike Macy’s and Jcpenney they sell to higher end buyers and don’t have to rely on huge sales. Also their Nordstrom Rack has helped generate solid cash flow as well. I am just wondering if I should sell and take profits or hold long term? I originally wanted to hold long term but did not expect this stock to shoot up like it did. Thanks! +Is it the ratio of smart money to retail higher higher on the sell side or the buy side going forward? I feel like by the time you see all these headlines and hysteria the smart money have already adjusted and it’s retail panicking. If we knew it was retail panicking is this a buy? + +I know the majority of all action is smart money. But it’s hard to imagine much retail investors buying the dip here still. I assume almost all buying is smart money + +I’m Not making a prediction of where the market is headed. Just that it’s harder to imagine more retailers dip buying than panicked sellers +I have been doing some research on Copart recently. It looks rather attractive, valuing at around 40% below its sticker price according to my calculations. It has been growing steadily over the past and there are no problems in the management or the company. Its industry is also safe, it will probably continue to exist for a long time. + +I am from Europe and Copart isn't popular in my country, but I hear it is the most popular online vehicle auction in the US. It is also included in the S&P 500. I am not sure what their moat is. 'm still trying to find that out and find out the reason why they have been performing so good so for such a long time. Maybe you can suggest their moat if you had any interaction with them. + +Overall, I don't see any negative aspects of the company and I think it has room to grow. Any opinions? Am I missing something? +I normally calculate it as: (Net Income / short-term debt + long-term debt + equity). + +I know this is how Sven Carlin does it too. + +My question is, when calculating the ROIC should I also include things like Accrued Expenses and Accounts Payable and Unpaid Claims (for insurance companies) all as debt? It seems that typically only interest bearing debt gets included, but I don't understand that logic. + +I love the simplicity of (Net Income / short-term debt + long-term debt + equity), and I'd like to keep it that way if I can. I'm no accountant, but it seems like the above liabilities are similar to debt, so I'm not sure if it should be considered when calculating ROIC the way I'm doing it now. I'd rather keep it simple if I can, so long as it makes sense. +So sometimes I look at the holdings of eg Pabrai and check if he has some nice ideas or picks. Did any of you try to base your strategy on super investors? Different ways to do this for example: + +- cloning. Just pick what they pick +- checking holdings and see if you understand why they picked it and buy as well? +- focusing on one investor or on more + +Or do you have experience with stocks you picked because buffet/munger/Pabrai/etc picked them and how did this work out for you? + +The advantage is that they have more expertise and skill. It also might save time. However, holdings data is often delayed so you might buy and sell too late +Microsoft agreed purchase price 95$, currently 30% premium vs market price. Largest shareholder is Berkshire Hathaway. + +Edit: https://capital.com/amp/microsoft-activision-blizzard-deal-fair-atvi-takeover-xbox-chief +So sometimes I look at the holdings of eg Pabrai and check if he has some nice ideas or picks. Did any of you try to base your strategy on super investors? Different ways to do this for example: + +- cloning. Just pick what they pick +- checking holdings and see if you understand why they picked it and buy as well? +- focusing on one investor or on more + +Or do you have experience with stocks you picked because buffet/munger/Pabrai/etc picked them and how did this work out for you? + +The advantage is that they have more expertise and skill. It also might save time. However, holdings data is often delayed so you might buy and sell too late +Ahead of the new £100 contactless limit being rolled out nationally from Friday, I've just seen that Starling bank have launched a feature that enables you to set your own contactless limit. + +To my knowledge, they are one of the first UK banks to offer this (alongside Lloyds and Halifax). I know Starling is popular in this community, so more details [here](https://www.starlingbank.com/blog/new-contactless-payment-limit). +About a month ago, I had a new tenant move into the upstairs unit of my property. Almost immediately the tenant in the basement started complaining about noise from thier unpacking, her cat and dog making noises, and marijuana smoke (which she has for medical purposes). I would reach out to the upstairs tenant about these issues and they assured me that they would only smoke outside and that they took steps to mitigate the noise in an effort to be as respectful to the tenant downstairs. + +However, I still received complaints from the tenants downstairs about smelling weed and that their asthmatic kid was having trouble breathing. When I would reach out to the upstairs tenant they would give a completely different story about how they are doing something mundane or not even be home at all. When I got a complaint from the downstairs tenant at around midnight about how they couldn't take it anymore and that they were leaving for the night because of the smell, I decided to visit this tenant and see if it smelled like weed. When I went into the tenant's apartment I discovered that it didn't smell anything like weed or a strong smell of fragrances or air freshener that one might use if they are trying to hide the smell. + +Since I didn't smell anything and the tenant downstairs isn't happy I offered to allow them to break the lease and find somewhere else to live where they could be much more comfortable. They agreed that they would take this option and look around for a new place. A week after this agreement was made they called me telling me that they wanted to call the police on this tenant because of the smoke. I called the tenant upstairs and questioned them about it they were confused because they were just cooking dinner. I told the tenant to call the police because if they feel that the tenant is actually smoking weed and lying to me. The tenant then came back to me saying the police advised them to go to the courthouse and file charges but, not charges I guess (Idk what this part means) towards them and myself because they are my tenant. The downstairs tenant said that they have messages (probably from very early on) that they didn't realize the weed smell was significant. I asked for a screenshot and they just replied "the tenant upstairs has screenshots of the convo as well." + +On the other hand, the tenant upstair feels like they are being harassed with the constant complaints towards them, every time they shower they hear the toilet flush which makes their shower scolding hot. They have also overheard the tenant below plotting with people on the phone about how they will get the tenant upstairs out and that they will sue me if I don't make this right. Lastly, I have heard from the tenants that have been there the longest that the tenant downstairs complains about everything and is untrustworthy as well. + + +I'm kinda at loss on what to do here, any advice on what I can do moving forward from here? +I am a dentist living in the Kansas City area and have put about 200k aside to invest and solid credit to buy in the 500k-2mm market. + +My question: what is the best type of real estate to invest in to get my feet wet? + +I have read a lot about just going bigger/more units for apartments, or to invest in mobile home parks, vacation rentals, or to just buy and flip land, etc. But what am I really getting myself into as far as with the upkeep and tenant issues vs profitability? + +I currently do work full time, but am considering backing off to focus on developing other streams of income. +Does anyone have any ideas on how to avoid Capital Gains tax? + +Let's say I'm flipping houses in this instance. The average flip would be a 3-6 month turnaround. + +Is an LLC the best option or are there any other 'creative' ways to avoid paying Uncle Sam? + +Thanks. +So my wife and I just bought into a new project/high rise. We were pre-approved under current conditions. I recently found out that we won’t be able to lock in interest rates until 6-9months before the project is scheduled to finish (end of 2024). Is this common when buying into new projects? This surprised me as interest rates likely will keep increasing over the next 1-2 years, which will make our projected monthly payment a lot higher than what we were approved for. Any advice/insight is appreciated. +I’m 26. Most immediate family is now dead, and it’s just me and my grandma now. My grandma stays with her sister and I sleep at my ex’s house (with her parents) because the house I grew up in is now almost condemned with no heat, electricity, or plumbing, so I’m very very lucky in that I have a warm roof and free dinner most nights. + +My car is pretty fucked up and I can’t drive too far, let alone out of state. Obviously can’t afford to fix it. Lucky me to inherit a Volkswagen. + +Only places I drive to are work, supermarket, bed, and the old childhood home; I also recently inherited my late aunt’s cat (who is still staying there), and I’ve been desperately trying to find a way to keep her warm beyond a heating pad on a timer. I never could’ve afforded her but now I have to. + +Oh yeah, and there’s bedbugs at the old place, which is why I don’t just sleep there. My ex and her family have been more than understanding and they’re literally the only thing keeping me from living in hell. + +I’m just tired of the lack of privacy, the lack of agency and autonomy, I’m tired of feeling like a 2nd class family member in someone else’s home. + +I need to connect to another human being that gets me. I need to love someone. I need someone to love me. +I need someone to see me, accept me, and love me. + +I haven’t had that in so long and it’s getting harder each day. Can’t even go out on dates because time and energy is stretched so thin and the weather is shit and I have no place of my own. + +I’m just so tired of it all and I need to know how some of you who might be in similar situations cope with this. + + +**UPDATE** + +TL;DR: Shit sucks bad rn, but I’ll get through it. + +I appreciate all the kind responses and advice, genuinely. A few things I should mention: + +**The house**: when I say it’s “almost” condemned, it’s because no inspector has come and marked the place for demolishment. Yet. There’s mold, standing sewage in the basement, broken cast iron pipes and 1960s electric all throughout the house, a red tagged boiler, not to mention the asbestos flooring/siding and rotted plaster walls. Most likely lead paint too. And the bed bugs. My grandfather was also facing foreclosure, and nobody has the 40k he owes on the mortgage. Grandmother is currently trying to fight it, but we’re likely to lose it. I’ll cross that bridge when I get there. + +**The car**: As much as I hate the cost of maintaining a Volkswagen I do love this car. My father is a mechanic, but he lives on the other side of the country. We went half on everything I need to fix the immediate brake issues I’m facing for Christmas plus a gifted toolset, so I’ve been thankful for that. He’s not around but he still helps when he can. It’s a Golf 2.5 and it’s got a bulletproof engine, and since it’s just now hitting 80k, I��m probably gonna end up living out of it instead of selling it. + +**Work**: I work part time so I can keep state health insurance. Couldn’t afford to buy my own during lockdown, even with my previous job at the time. Then I got laid off, and since being rehired I’m now putting in an application to go full time. Especially since my hours got cut from 20/wk to 12/wk. Hoping it goes well. + +**The cat**: I visit twice a day to feed her, change her litter, play with her, and reset her heating pad. It’s literally the best I can do right now. Every single person I know is either allergic or already has pets. + +**Other**: for living at the ex’s, I pay the electric and help around the house when I can. Beyond that it’s incredibly uncomfortable due to so many differences because we come from somewhat opposite/opposing backgrounds. I take what I can get and try and keep my mouth shut on certain topics. Me and my ex still deeply love each other, but we are not good for each other. Had to learn that the hard way. + +I do have friends and family who love me, unconditionally. It’s just hurting really hard right now dealing with the lack of romantic love, and touch. Being held and feeling safe, more than anything. It looks like I have to put that aside for now, by keeping busy. It sucks, but I have to stay sane somehow, right? + +Again, thanks. +Hello! + +I am starting a first full-time job in a few months and trying to figure out how much to spend on rent. My annual salary pre-taxes is 59k, or 43.747k post-taxes. That is a monthly take-home pay of $3,646 post-taxes. + +A studio near my workplace costs around 1200-1400/month including utilities. Would this be a good option, or should I be spending less than that on rent? + +1200/month is 33.6% of post-tax income, 24.4$ of pre-tax. (Not sure if the 30% rule of thumb is for pre or post tax income...) + +1400/month is 38.4% of post-tax income, 28.4% of pre-tax. + +I will not have car or transport fees (my public transport is reimbursed). I do not have any debt. I will have more medical costs than average but nothing too crazy. I'd like to be able to splurge for takeout and things without stressing too much. + +Thanks! +I've been thinking about what my ethical opinion is regarding mining profits and taxation, particularly in the USA. + +My understanding is that the current tax law requires you to pay income tax on any crypto you earn via mining, at the current exchange rate at the time of earning the crypto. I kind of think that's bullshit. + +If you grow a carrot in your backyard, the IRS doesn't make you pay tax on that carrot based on the current market value of a carrot. It's not until you take that carrot to the farmer's market and sell it, (thus, converting it into US currency), that you have earned taxable income. + +If I use my own 'backyard' (ie, the computer hardware), and pay for the 'water' (electricity) to grow the carrot (mining rewards), then just hang on to the carrot, why am I being taxed on the carrot? When have I participated in the US economy besides buying the computer equipment (that I paid sales tax on), and paying for my electricity bill? + +When you buy a stock, if the price goes up, you don't pay capital gains tax on the current value of the stock at any given moment. You pay capital gains tax *after you sell the stock*. You haven't actually 'made money' until you've converted that stock *back into money.* + +This seems really obvious to me, but I might be missing some of the finer points. For example, crypto is in fact a currency, and not a stock, but at least in my 'mine and hold' strategy, I'm certainly treating it as a stock. +When I found this sub I said “WOW this is the place”. But the problem is that every single token that I see here and like have raised more than 1000% in months. + +Do you have one that didn’t? Shill it to me +When I found this sub I said “WOW this is the place”. But the problem is that every single token that I see here and like have raised more than 1000% in months. + +Do you have one that didn’t? Shill it to me + I'm a 57 year old truck driver who has been privileged to watch every iteration of technological evolution from the tech revolution of the 70's and 80's to the MAJOR evolutionary step of Blockchains . + + We are currently witnessing ( and are a part of) the biggest technology evolutionary step since the introduction of the internet in the mid 80's. + + " Experts" were saying the same things about the internet they they are saying about Crypto..." It's a fad and will never work". + " This will never be used by the average person" +" It will never replace ( old tech here)". + + I remember when NASA's " Super Computer" had less memory and processing capability than the outdated cell phone you gave your two year old. + 1.5G hardrives were considered " overkill" . Processors were as big as your fist and waiting 30 seconds for a simple JPEG to load was considered " lightning fast". + + My point here is, my generation took it all for granted. We didn't appreciate the historical significance of what we were witnessing, what kind of power and control we were being handed. + + Don't let this happen to YOUR generation. Appreciate the significance of blockchains, the tech and case uses behind your favorite currency. Make sure you fully grasp how important this all is. As a community, maybe we should concentrate more on the tech than the monetary value. + + You aren't just investing. ..You are all part of history. You are all helping improve our world. Take pride my friends. Sorry so long, just needed to get this off my chest. + + +EDIT; For those who have given awards, my apologies...my chat is not working atm but Thank you all. + +UPDATE; Been driving all day and just got to check back in. Holy Smokes what a great response. I originally wanted to address every comment, but that won't be possible. Thank you all so much for reading this and commenting. It gives me hope. +Seeing a number of posts with brokers telling clients something to the effect of ‘If you have the correct number of shares in your account, that’s all that matters.’ + +No. The issue isn’t how many shares I/YOU/WE hold in our individual accounts. The issue is how many shares EXIST. They think we’re too dumb to look beyond the surface and when we do, they want us to feel dumb for trying. + +If this truly were a straightforward stock split, 4:1, then yes, it’s simple in theory. Whatever the float was, multiply it by four. Then take the price and divide it by four. However, that’s not what GameStop Corp filed for. + +If the split went down as GameStop intended, that means that GameStop created a pool of new shares to provide an additional three shares as a dividend for every one share in the current float. They allocated those shares to Computershare who then took from that new pot of shares to distribute three new shares for every one share currently held in Computershare. Once that distribution was made, the remaining shares should have then been allocated to the DTC to perform a similar distribution to brokers. If the DTC never distributed those shares (around 200mil?) to brokers and instead just instructed brokers to split shares, that means two things… + +1. The DTC did something with 200mil(?) shares that were entrusted to them. That’s about $8bil worth of stock at the current price. +2. The supply of $GME has again been significantly and artificially inflated beyond what any previous synthetics had already done. And that means that the true value of the shares in our accounts (wether the ‘correct number of shares’ or not) has been artificially decreased. + +If you have to explain the laws of supply and demand to a broker, there’s a 99.99% chance that you dialed a wrong number and are actually talking to your drunk uncle Billy who drinks Coors out of an old peanut butter jar. Again, if your broker is telling you not to worry and that you have the correct number of shares, they’re either complete morons or they think that we are morons and will give up if they dismiss the details. Ask yourself which is more likely…don’t stop pressing the issue. +I have never, not one day, know of anyone who identifies candle stick patterns. Have you? Assuming it's a bearable realistic scenario, so let's say once a day on the Daily chart. +My name is Daniel and a 23 y/o homeowner + +I have been studying FOREX for the past 4 years now. I have opened a small account that I have been working on about a year to 2 years as well. The small account started with $100. I have now managed to lose over half. I stay up late and study the charts during all sessions and have found myself sitting on the sidelines or constantly losing since I am ONLY 40% of the time right. I use the Wyckoff Method but still cant seem to land on the winning side of the trade. I have spent counless hours on youtube, forums, ebooks, seminars, zoom sessions, hell I even have a 5 subject notebook filled with notes, patterns, charts, vocab, setups, YOU NAME IT! I DONT KNOW WHAT TO DO! + +I mainly trade the EUR/USD and even check FOREX Factory daily for economic updates. I have identified that I spend more time in my losers than my winners. So i have cut time back iof a trade isnt going my way. My P/L I shoot for is 2:1 but end up taking 1:1 since I rarely have a winner surpass that 1:1 ratio or even 1.5:1 Six times out of ten I lose the trade, AND FAST! I have fallen to a .88 ratio and my disposition is a .66 I have even tried trading opposite of what I predict, but to no avail. Seldom do I have a 15-20 pip winner. However Ill have 10 pip losers EVER DAY outweighing my winners. + +I cut my losses to 50 cents a trade and look for 1.50 profit per trade with a 5-10cent lot size. I try to find market structure with 4h/daily key support and resistance levels, identify trends, and take volume into consideration. I dont use any indicators except the FIB and rely on mainly price action combined with the wyckoff methodology. Whats the point in trading with thousands if I cant even trades with $100?!?! Im not trying to get rich quick, I want financial freedom (as do we all) but its starting to make me think the only way I will ever learn is to pay thousands of dollars either to the market...or to some "guru" promising to "teach me the way" Any help would be appreciated. + +(P.s. I know imma get hate, just remember you were once in my shoes, yearning for success, and on the edge of giving up, make an impact..not a scar.) +Neo-Fisherists are looking to validate their beliefs as Turkish president and central bank are the first to apply this economic model, which many call “Neo-fisherism”, in real world. + +Erdogan’s goal is simple though not simple to accept and understand: “We are going to achieve low inflation with low interest rates.” + +It implies that low interest rates cause inflation to go down. + +That’s exactly what Neo-Fisherists say. (note that the opposite is true as well: high interest rates = high inflation) + +Hmm. + +The roots of this idea come from the Fisher equation that many are familiar with, which states that the nominal interest rate is equal to the sum of the real interest rate and inflation. + +r (nonimnal) = R (real) + inflation \* + +One of the most basic beliefs of economists is that if the central bank lowers nominal interest rate, inflation will increase and the real interest rate will decrease. But what if real rate of return is pretty much fixed in the long run meaning that no matter what the inflation rate is and what the central banks around world do, the real rate of return on safe short-term investments averages about 1-2% over the long run. The neutrality of money in the long run is widely known assumption in the economy world. + +That’s where Neo-Fisherism comes in play. The central bank may influence the real interest rate in the short run, but over time it will revert back to its equilibrium level. Then, in order for the equation to hold, inflation has to go down if nominal interest rates are kept at a low level. For example, let’s say that the fed funds rate (key rate of American FED) is 0.25%. if real rate of return on safe investments is 1%, the only way to get 0.25% nominal rate is to add a negative number, in this case inflation, -0.75%. Arithmetics. + +I find this theory interesting though experimenting with it as we can see may be “too risky”. On the other hand, Japan has struggled to lift inflation rates despite 20+years of money stimulus. We may add European countries like Sweden and Switzerland that had negative interest rates for many years despite QE policies. + +So, is it possible that the whole world has been following a “not so good” formula and Neo-Fisherists (including Turkish government) have their say or they are just purely lost? + +Also, what is your take on USD/TRY in the short term? Looks like macro factors are not looking good for TRY. + +\* + +(To those who do not really understand what this equation means. Imagine that your friend wants to borrow $100 from you and gives you a piece of paper saying that he will pay you back $100 + 10% interest 1 year later. 10% interest is nominal rate in this case. Imagine that inflation rate is 2% per year. Basically your real rate of return would be 8% as inflation eats that 2% (10% - 2%). if you sum 8% (real rate) with inflation (2%) you get nominal rate of 10%, which is exactly as I wrote formula above) +Silly question, but how do Forex traders make a profit? I'm looking at the highs and lows of currency pairs, and they look pretty underwhelming compared to stocks that can shoot up 100% in an hour. Do you have to put 100K on every Forex trade to make money off the .5% movements, or is there something else Forex traders do? I'm thinking of jumping into Forex trading, but this part is holding me back. +Good evening/morning depending on from where you're from. I've gone through baby pips and the udemy course. Watched and obscene amount of you tube videos. I feel as though I have and okay grasp on the technical aspect, I can tell I've only got a minimal grasp of it but definitely enough to lose my all my money. So far my demo account is in the negative but, I only just decided on a system that fits my personality. I'm currently using the ichimoku cloud 1hr candles and checking 30min and 4hr time frames to finalize and fine tune my entry. + +So, what I would like to know is. I've only heard mentors mentioned on reddit. But it seems mentors are something that people use judging by the communities of gurus who get people together to call out trades. + +Is it usually recommended to have a mentor? I've been considering trying to get a forex discord channel started maybe separate channels into trading systems? Are there any open groups to join or discord channels to get into? It's the weekend now and i find myself biting at the bit for forex stuff and of course no trading on the weekends. I feel like I've run out of relevant info I can get off of "sell your training course people". What should I do while I wait for Australia to open on Sunday? + +BTW you people are awesome and I enjoy going through the posts and getting fresh perspectives on my new found joy of testing strategies and throwing fake money away. +Been through babypips and several random online videos. Also, been trading (demo losing) for the past several months. I would like to take the next step to learn the more technical stuff more indepth. What/who can I follow that is good? I watched some of the ForexIA guys videos. He has some free and paid stuff but is his stuff legit? My problem right now is finding a good entry point. I either get stopped out or buy in too late. Been trading off trend and S/R lines. + +&#x200B; + +For the successful guys that are profitable, does simplicity work better than multiple indicators and high level tachnical analysis such as Elliot Wave? I mean, you can go as technical as you want right but if you only trade 1% and keep your SL to TP ratio 1:3, law of averages says you should come out on top. + +&#x200B; + +TL:DR: Wanting to take it to the next level but dont want to waste valuable time by watching guys that dont know what they are doing. Recommendations? ForexIA? How technical do you go or keep it simple? + +&#x200B; + +&#x200B; +I’ve been trading with forex for a year now and it just seems that I have more red days then green days it’s hard to stay motivated sometimes but I still never give up because I know it comes down to dedication I always see everyone doing really good and it just motivates me to continue but there’s gas to be something I’m doing wrong and why I haven’t seen the same results as most people have anyone ever went through this and has managed to get out of this hole? +So basically I'm turning 18 and I can finally use a live account. I've been learning trading since 16, mostly backtesting and demo account. Problem is, I can't be on my screen when I'm in class/studying, and even if I can I do not want to get distracted. + +So here's my plan, I'm only gonna trade 1 hour after my breakfast,lunch and dinner. So total about 3 hours a day. But the thing is, I might lose out on some opportunities throughout the day. + +So as a part time trader, do you set alerts to inform you that there is a trade opportunity, or would you just focus on that 2 to 3 hours a day, the remaining hours is spent on other things. +Are you ladies and gentlemen selling ATVI puts? With the merger announcement, I feel like the price should be more stable than IV implies, in the near term. +I sold 10 at 78, expiry this week and the next. +Hi everyone, I have started selling cash secured puts lately and I am struggling a bit. + +I always sell them at an IV level and consequent premium that I like for the risk I'm taking, hence I am okay with holding my puts til expiration, but it's the second time now that once I sell my CSP the price proceeds to go down and my put becomes twice as valuable (hence I could have sold it for more). Only once have I been able to open it at the bottom, hence profiting from the extremely high IV. + +Is there some kind of TA or otherwise I should be involving in my decision or is it pointless trying to time the market even a tiny bit and I should just be content with the premium I've already collected (which I am honestly, It's just somewhat frustrating to keep seeing this happen to my puts and missing out on potential profit). + +Thank you guys +Historical patterns suggest there will be explosive movements either downward or upward immediately after. + +Should I play it safe and not sell any CCs until after the announcement? +I've been trying wheeling a little for about 8 weeks on one of my accounts. Account started with about 50k and is now at 58k, so about 1k per week on average, some of those were probably above average returning about 2-3%, but even on a crappy week 1% return seems acheivable? + +So with an expected 52% return on capital (annually) why isn't everyone doing it? What am I missing? Is this just crazy volatility right now and don't expect 1% a week to last. I am just so confused? Also, as a side note. I am not being that aggressive with my trades, I am trying to sell OTM and not be assigned. +Is day trading in a TFSA actually illegal? How did I not know this?? Can someone explain the details of this? + +Also, is day trading in an RRSP illegal? +Thanks 😙 +**How I paid off $10k in CC debt in one year ($55k, SoCal, NO WINDFALLS)** + +I wanted to do a write up in how I paid off my CC debt in a year, because every post I see about people paying down large portions of debt after a major job promotion or raise or change had no meaning to me. I needed to find a way out of credit card debt that was accrued over a large period of time without having to depend on a windfall or major life change, and the majority of the success stories I found were from people already making 6 figures, or had changed jobs multiple times to triple their income. Here's how I did it with a simple 2% cost-of-living raise and a low-mid income. + +**Income/COL Stats (Begin January, 2015)** + +**Beginning Cash:** ~$1,000 (Dec 31, 2014) + +**Location:** Southern California, 45 min. North of Los Angeles + +**Income:** $55,000 ($1,480 Take Home every 2 weeks) + +**Raises:** 1x 2%, effective April + +**Rent:** $775 (2 BR Apt, $1550 split with partner) + +**Gas:** $3.15 - $3.85 / gal + +**CC Available:** $12,400 (4 cards) + +**CC Debt:** $10,000 (81% Used) + +**Avg CC APR:** 22% + +**Credit Score:** 630 + +**Car**: $455 ($250 car, $205 insurance) + +**Phone:** $105 + +**Step 1 – IMMEDIATE Reduction in Monthly Costs** + +**TV (Saved $130/month)** + +I dropped my DirecTV bill ($150+ a month) at the end of 2014. I had to pay a couple hundred bucks for the cancellation, which was fine, as I saved that much after a month and a half of no service. With the internet a practical necessity, and Netflix/Amazon/Hulu, I substituted $150 in cable for what is relatively $18, since I consider the free Prime shipping to far outweigh what we pay (as a household) for the service. We also barely watch Amazon streaming, so I don't consider this paid TV for this purpose. I also found an antenna on sale for about $40 purely so I could watch some sports. + +**Phone (saved $50/month)** + +The first thing I did was call and change my phone plan. I was grandfathered into unlimited data as long as I had stayed with the rate that I had been paying. However, when I looked at my usage I found that, primarily because I'm usually connected to WiFi, I was using less than 3GB of data a month. Switching from my old plan that was around 7 years old, I went from $105 a month to $54 a month. + +**Insurance (saved $50/month)** + +While I had various driving related issues on my record, my insurance for my leased civic started at around $205 a month for the year. I was about to start shopping around, wherein I found that by switching companies I could save around $60-75 a month. However, due to some bad history falling off, safe driver, etc, my insurance ended the year at about $154, and they've been great in helping me take care of some issues I had along the way, so I didn't feel the need to change. I would say, though, that anyone looking to save money should shop around, as switching companies will result in a money savings the majority of the time. + + +**Step 2 – Planning and Preparation** + +**YNAB – You Need a Budget ($65)** + +I spent money to buy YNAB. It's a tool that was highly touted, and since I didn't really need some of the features of Mint, and YNAB was so user friendly (the phone app is too easy), I figured the $65 would not be really frivolous, but instead would be a valuable asset on my road to recovery. Being able to track every dollar I spent was not necessary sometimes, but having the underlying responsibility and commitment to myself in the background forced me to change the way I viewed my money. + +Also, using the Reporting function on YNAB let me SEE my progress month after month...ok to be honest I checked it like every few days...but SEEING the progress helped keep me on track. I watched the trend move month after month, and this is what I saw at the end: https://i.imgur.com/bLlQ1dK.png + +**Excel – Short Term Predictions** + +I created a spreadsheet in Excel that tracked all of my cards separately as well. While YNAB does allow you to budget, it does not effectively help you plan down to the days of the month. With payment due dates, bills, etc, I needed a way to not only TRACK my money, but to PREDICT where my accounts would be on any day. +This would prove absolutely crucial, as it let me make massive payments without fear of overdrafting or any other bad news pop ups. There were times when my checking account was as low as $20. This didn't really matter, though, because I knew where my money would be days and weeks later with no surprises. + +**Come Up with a Payoff Plan – Snowball, Avalanche** + +I needed to decide how I was going to tackle this debt first. Through a series of taking care of partners, bad choices, and various life events, I went from having a 785 credit score and 9% APRs to about a 630 and maxed out 19%-25% APRs. I messed around with unbury.me for a little bit, and determined that the course of action would be to tackle the highest APR first. However, my plan wasn't all the way conventional. + +Balance, APR - $2,000, 23.99% + +Balance, APR - $2,200 22.90% + +Balance, APR - $3,586 19.99% + +Balance, APR - $2,200, 22.90% (Cash Rewards Card) + +**Create TINY Emergency Fund - $1,000 Break Glass for Disaster** + +First thing I did was change whatever money I had over to my checking account, and put $1,000 in a savings account. This is something I did not touch for the entire year, thankfully, even after paying for car maintenance, fun times, or gift buying, or anything else that came my way. + +**Zero out 401k Contributions – (Employer Profit Share, NO 401K match)** + +Since my employer doesn't do 401K matching, I had no incentive to keep putting money into my 401K. If this service is available from your employer, do not stop contributing to your retirement funds. I did it solely because there was no extra money to be gained in the short term. If I had matching, I would have saved money elsewhere (like food, see below) and still maintained retirement contribution funding. + +**Create a Budget** + +I used YNAB to set up a budget to TRY to stick to. I set a lofty goal of paying off $1,000 in credit cards every month, and worked my budget DOWN from there. I had the complete understanding that I would probably not hit this mark, but it forced me to find out where I didn't really need to waste money. I would barely make this work by the end, through a series of monthly ebbs and flows, but only as an average. I hardly ever hit the $1,000 mark. +This would entail paying off $1,000 across all cards. Effectively this would be about $175-200 in minimum payments, and the rest of the $800 all to one card. I often would miss this goal. + + +**Step 3 – ACTION** + +**How to Control Spending – Using Cash Back Rewards Cards ONLY** + +Even though I had the idea to pay down my highest interest first, the first thing I did was put my first big payment onto my cash rewards card to clear up room. I opened a Capital One Quicksilver with a 1.5% cash back reward at the end of 2014, and made it an effort to use this card for 95% of my purchases. I also have a Chase Freedom that has 5% cash back on rotating categories, which I would swap out to use during certain times of the year. This was moreso a mental thing, as it let me feel like I was actually earning throughout the year, even though I was paying every dollar I had to my name to credit debt. Additionally, I netted just around $450 in cash back rewards by Dec 2015. + +**How to Control Mental Stability – Won't Always Hit the Goal** + +As the months started to wear on, I had to change my budget little by little. I knew by month 3 that paying $1,000 straight to credit cards every month wouldn't work. Luckily by being paid every 2 weeks instead of twice a month, I knew that there would be a month in the middle and end of the year that I would be paid a third check. I used the majority of these checks to "catch up" on payments. + +**How to Control Emotional Stability – Allow yourself some joys in life** + +VISUAL REPRESENTATION OF HOW I SPENT MY FUN MONEY: https://i.imgur.com/FddeIrY.gifv + +Knowing that having a goal to pay this off in a single year was going to put me far away from some fun things, I focused on and took some liberties whenever something would come up. I would do cheap happy hours with coworkers, I would still buy cheap fun things ($20-40 board games that I can play with my GF, a gadget here or there), and I would definitely allow myself to go out to dinner or go on date night with my GF a few times a month. +Using YNAB tracking, I realized that I STILL went to eat out to the tune of $300 a month. This, for all intents and purposes, was frivolous fun money. There was no need to spend this much if I had truly cared to reign it in, however food and service in Southern California is not cheap, and I was determined to enjoy myself and my friends and my GF throughout the year. + +If I had been in uncontrollable debt, or anything more than what I was, I would have cut out eating out to once a month. Luckily my situation was controllable, and I allowed myself the flexibility and peace of mind to swap certain things for the possibility by a month or two. Ultimately, I still paid off my cards in under a year. + + +**Step 4 – Watching the Weight Fall Off** + +**The Beginning** + +The first milestone was in March, when I was able to completely pay off my first credit card. This was a major relief, and an acknowledgement that I may actually be able to pull this off. After this first card was down, all I thought about was the next one biting the dust, and the next, and the next. + +**The Middle** + +My next payoff was in June. Again, I wasn't hitting my $1,000 mark every month. The realization of that in the beginning allowed me to maintain some sense of self, not feel 100% beholden to the debt schedule, and when the milestones hit, they felt FUN instead of RELIEVING. Once I hit this point I really felt like I had it all in control. + +**The End** + +By November I made my last payment. My last. Payment. $10,000 in UNDER a year. I spent some money, I had some fun, I enjoyed myself and my friends, and I paid off the entirety of my credit debt. Un. Believable. + + +**Step 5 – The Aftermath** + +2015 Chart: https://i.imgur.com/bLlQ1dK.png + +At the end of the year as my debts started to become $0, I noticed a major influx of credit line increases and credit score increases. In the span of that year my APRs dropped, my credit score rose by about 80 points, and my available credit was nearly doubled, all WITHOUT a phone call, an email, or any effort to do so. The credit card companies are DIRELY missing the thousands of dollars I've been paying in interest, and they want me BACK. They have repeatedly raised my credit limits and dropped my interest rates over the past couple of months. + + +**Year Beginning/End** + +**Phone** + +Jan 2015 - $105 + +Dec 2015 - $54 + +**TV** + +Jan 2015 - $150 + +Dec 2015 - $18 + +**Car Insurance** + +Jan 2015 - $205 + +Dec 2015 - $154 + + +**Credit Available, Credit Used** + +Jan 2015 - $12,400 / $10,000 + +Dec 2015 - $22,900 / $0 + +**Credit Score (Don’t have my final quarter available yet, but I assume it will increase again)** + +Jan 2015 – 630 + +Oct 2015 – 705 + +**Cash Back Rewards** + +$450 + + +**FINALE** + +In short, I was able to pay off $10,000 in credit card debt with a $55,000 salary (2% raise) in SoCal in a year by immediately removing paid TV, changing my phone plan, and lowering car insurance. I set aside a credit card to use for all purchases that had 1.5% cash back, which gave me some gift money for Christmas, and let me feel like I was earning throughout the year even though I was paying out every dollar I had. + +Throughout the year I let myself understand that some months I would only be able to afford 60-70% of my goal, but that was ok. In the end it all worked out. + +I hope this helps someone who is on the fence or who often gets discouraged by stories of people with 6 figure incomes who can't control their wealth any more than we can. IT CAN BE DONE. And it might be easier…and "funner"…than you think. + +**EDIT** + +Couple things. First off, I would not always suggest that one should cut all retirement savings in the hunt for debt resolution. There were a couple factors that went into me making this decision, one being that my APRs on my credit cards were astronomical. I would suggest spending some time looking into your personal situation and what your company and/or personal gains/losses would be before forming your plan. + +Secondly, thanks for all the positive responses! As for the negative responses telling me "oh yeah just pay off $10,000 in a year thaaanks"......I get it. It's the internet. Understood. Please save your breath and your fingertip typing tire tread. I simply made this post to give a take on an Average Joes mental and physical tackling of a very common problem, and honestly to call it what it is, lifestyle. I'm just hoping to let people know who were in my situation or in my state of mind a year ago that it's possible to get it taken care of, even in an average situation. + +Thirdly, LOL I am not a shill for YNAB. It just seemed to be a better fit for me than Mint. I spent some time on PF reading and looking at people's stories before I chose it. The main point of this for me was that it held me accountable! Having this little app on my phone requiring me to put all my expenses in, looking at charts and budget tables every week, and seeing negatives where I overspent was like having a little gremlin on my shoulder every time my wallet came out! It was instrumental is changing my perception of money...MY money...the money I earn! And deserve to keep. + +**EDIT - Clarification on Take Home/Budgeting Clarity** + +People seem to be asking about my take home a lot, and I think it's a very valid point to hammer home. I was bringing home $1,480 * 26 = $38,480 / $55,000 = about a 30% withholdings (taxes, health, etc). Again, this was at the beginning of the year, and I got a COL increase of 2% a little over quarter of the way through the year. + +**As I mentioned in the OP, I get paid every two weeks, NOT twice a month. This equates to 26 paychecks per year. What I did was budget to the tune of two paychecks a month ($1,480 x 2 = $2,960) and not factor in the extra check that would come around in July and in December.** The third paycheck on December 31 paycheck would end up not mattering in this instance, as I had already paid everything off by the beginning of December, however the third check I got in July went to car registration ($200), GF's birthday spending (Aug), some fun activities, and an extra payment dollars towards the card (I believe I put in an extra $500 out of this? Along with the monthly. Whatever was left over (wasn't a lot) I let sit in my account so it had more than $20 :). + +Had I not gotten this extra payment, I still could have spent the same in August and finished the pay-off in December, however **this wasn't extra cash. This was a budgeting decision.**. I decided to budget only off of $35,520, not my annual take home of $38,480. This was primarily an emotional facet, as the money was coming to me either way, but in an effort to reel in my spending habits, and to experience some joy over the Summer, I chose to not budget for that third check in July. + +**EDIT - Excel Tracking Example** + +http://i.imgur.com/wnpwfwX.png + +**Excel File Dropbox Link** + +https://www.dropbox.com/s/bv38oxylouziuap/Account%20Balance%20Forecast%20File.xlsx?dl=0 + +This is a portion of how I tracked my ACTUAL cash flow in/out, regardless of budgets/budgeting software. **The budgeting software helped me allocate, while Excel helped me track.** I hesitate to post the full document, as I'm not sure how useful it would be to anyone else's situations, but I'd be willing to help someone get one together for themselves if it would mean getting them on the right path to debt resolution TODAY. + +I'll attach a screenshot of one of my Excel sections that I used to forecast my money. I also did this in the same worksheet for all of my credit cards. + +As it may be confusing to some, I'll break it down a little bit. You'll see in it that I have a salary paid, rent and bills paid, and then future forecasted payments (in gray). We'll have the Chase payment (this was minimum +~$5), the Cap One payment (this was THE card I was paying down at the time), plus a Quicksilver payment for a large amount. This Quicksilver one was NOT paying down debt! It was simply paying down the amount I had used during the month of March, as I used that card for 90%+ of my purchases to accumulate cash back rewards. This is how I tracked not only where my money was going, but where it would be on a day-to-day basis. + +**This also REALLY helped me see how much money I DIDN'T HAVE!** By March 26 I would have $3,500+ in money in my account. Normally this would be telling myself hey, I can definitely afford to buy something worth a couple hundred bucks! But no.......now we see by April 3, literally a week afterwards, my account would only have $193 in it. + +Again, this is just an example of how I did it. I would set it up differently depending on needs, accompanying software, and personal setup. +Cross-posted in r/eupersonalfinance. + +It all started with what I thought was a scam email. It’s not. + +My parents committed identity fraud and opened credit cards in my name without my knowing. I’ve since found out that I have $25,000 in debt with four different banks and three collection agencies after me. I haven’t lived in the States for 5 years (I live in the Netherlands), I don’t have a U.S. credit card, and I didn’t freeze my credit before I left (I didn’t even know that was a thing). + +Guys, I’m in shock. I have no idea what to do or how to begin. My parents insist that these agencies can’t touch me, that this debt will fall off after 7 years, and that my credit will be restored after time. That, since I don’t plan on returning to the U.S., I need to ignore them. + +Well, I don’t trust a word out of these peoples’ mouths anymore. I need legal/finance advice. My questions: Where do I turn? What are the steps to take? Do I contact these banks and agencies and dispute? Or will that make things worse? How does my living in the Netherlands affect this situation? + +I know the first thing is to freeze my credit, which will be difficult since I have no U.S. address. Then, what next? + +Are there low-cost/free services in the U.S. that I can use to get advice? + +Thank you in advance for your responses. +There's probably never going to be a world in which this sub won't hype up something like 002 - but as others have suggested, it's unlikely that it will be a MOASS trigger on its own. + +If indeed the GME outstanding short interest is as big as we believe it to be, it is essentially a 'nuclear bomb' lying beneath the capital markets. We know that other long positions held by Citadel and SHFs, (which consist of major holdings in major American companies) would be force liquidated following a margin call, producing loss of value for every mom and pop who religiously bought their Google and Apple for the last 30 years and don't deserve to be in the blast radius when the bomb goes off. THIS is what the powers that be want to prevent. They do not see MOASS as a good thing obviously, its instead something for them to defuse and limit wherever possible. + +Thus, seeing it through this lens of systemic risk, I wouldn't be surprised if the Fed is simply printing infinity money for Citadel to use to keep the price exactly where it is so that they can get everything in line so that MOASS goes down exactly as they want it to. + +It's clear that the implementation of the new rules this year are to A) build out procedural infrastructure where there previously was none, B) prevent something like this from ever happening again while consolidating power within major market players (as u/Criand has mentioned). And C) get the capital markets in place EXACTLY as they want them before any MOASS occurs. The point of DTCC, OCC, ICC rule implementation this year is not to KICK OFF the MOASS, it's to get the house in order so that the bomb detonates in a specially constructed, 'reinforced safe room' below the house. + +Enter 002. 002 is implemented NOT so that they can margin call Citadel at all hours of the day, but to send out a kind of 'radar signal' to determine which other unrelated funds/institutions would be force liquidated in the event of a MOASS. It's both a warning call to anyone who's close to falling below their net-cap requirement - 'Hi, this is DTCC calling before Marge, get your shit together please,' and as well paints an hourly picture to the DTCC (and by extension, the Fed, the White House?) of what the collateral damage would be at any given moment. It could also allow for early forced liquidations to get rid of risky parties on the verge of default to prevent a chain reaction. + +Others have said that when it happens, MOASS will occur on some random day, at some random time, and I believe that because it will be at the time most ideal for the powers that be. This isn't to say that MOASS won't happen, it's to say that it happens on their time and not our time. + +**TLDR:** 002 allows for an hourly radar ping for the DTCC, a 'bomb sniffing dog' if you like. It is first and foremost meant to alert the DTCC to OTHER problematic players whose balance sheets are at risk, and get them to either shore up their net capital, or take them out quietly before any MOASS so that it happens exactly as they want it to be with limited collateral damage to other institutions and players. Nothing changes. Buy and HODL. + +&#x200B; + +Disclaimer: This is not financial advice. It is pure theorization and speculation. I eat crayons by licking them like lollipops until they melt. +She said she's having trouble doing the full amount at once with online banking, but said she can do £10,000 at a time. + +I'm worried this may look super suspicious to the bank and they may put a freeze on everything. + +Should I be worried? +The one person who best embodies the spirit of WSB is Andrew Carnegie. + +He emigrated at the age of 12 to follow the Capitalist American dream. His family was dirt poor so he got a job at his era’s version of the internet/Reddit, first as a telegraph messenger ($2/hr in 2020 money) and then operator ($4/hr) a yr later. + +As a 20 year old, Carnegie mortgaged his family’s home to YOLO everything on the Adams Express Company in 1855, his very first investment, a railroad that gave 20% dividend every month, which made him an investing god among his social circle. + +He then got a 12.5% stake in the Woodruff sleeping car company (inventor of the sleeping car) before IPO, arranged a merger with Pullman in 1860, and made $$$$. + +He used these profits to YOLO everything again on the Columbia Oil Company at the height of the Civil War in 1864, which yielded $30 million in cash dividends in 1 year. + +He then YOLOed again and set up a steel rolling mill and ironworks, which he eventually sold to JP Morgan for $300 billion (his share was $7 billion). + +Then he gave all his billions away to establish libraries, museums, universities, scholarship funds, etc. just like ppl on WSB giving gold to random retards. + +His favorite quote was: “Put all your eggs in one basket and then watch that basket. Do not scatter your shot... The great successes of life are made by concentration.” + +The original genius, billionaire, playboy, philanthropist and a true YOLOer at heart. +Hi everyone, + +I asked - and you answered. + +https://twitter.com/cryptoballoffcl/status/954035907836997632 + +I am now working on sentiment analysis bots as side project to my TA predictions (check out https://redd.it/7orjfl for more info on my currently running On Balance Volume bot). + +The plan is, to monitor all new submissions to the most import crypto subreddits and scan them for coins and projects which are getting discussed the most. The results will automatically be posted on Twitter and (if the mods here are cool with it) also in this subreddit. + +If this will be an indicator for future performance of coins or just a reflection of performance in the past - let's find out! I might add /biz/ and twitter to the analysis at a later stage. + +I hope the bot will go live in the next days, until then maybe have a look at my OBV-esque predictions every day at 8:00 pm UTC. + +All for free and publicly available as this is a hobby of mine! +Has anyone had any experience with getting scammed? Were Monzo helpful when it came to getting reimbursed? Fell for an awful one the other day and lost a lot of money and feeling really anxious about it. Still going through the process with Monzo and don't know if I'm going to end up having to take the L or if I'll get reimbursed. + +A fraudster had acquired my card number, expiry and security code somehow. They then put through a suspicious £0.22 payment in Texas without me even realising. The next day I get a text from a number entitled "MONZO", saying that I will shortly receive a call from 0345-blah-blah regarding recent activity on my card. Sure enough I get a call from this number and it's a guy pretending to be Monzo. He says he's calling regarding suspicious activity on my card and asks if I could check my account. Sure enough I see a fishy £0.22 payment in Texas and he's got me thinking he's legit after a couple of bogus "security checks" (post-code, first line of address etc), as well as having knowledge of suspicious activity on my card. + +Being the idiot that I am, this well-spoken guy somehow convinces me my Lloyds has been hacked and that I need to transfer my money from my Lloyds to my Monzo so it is secure, and that I need to activate Apple Pay on my Monzo which I will use for payments in the meantime whilst he cancels my card and sends me a new one (did I mention that I'm an idiot?). Being the idiot that I am I transfer the money from my Lloyds to my Monzo and then next thing I know a huge payment (in the thousands) has been paid using Apple pay on my Monzo card in Dubai and the guy hangs up. + +Monzo have been helpful so far and it's ongoing, but they presumed that they sent me a text with a verification code for the purchase (I received no such code or text). I can guarantee that had I received a text or in-app verification code in order to authorise a huge payment in Dubai, I would not be out of pocket right now and this would never have happened. + +Do you think I have a chance at being reimbursed? How negligent is too negligent? +These fire posts seem very against spending money on your own home, but tying up equity by buying, for example, a $1.5-2m place does seem like the smarter move long term than throwing away $6-7k/month on a similar quality rental. Sure you could be investing that money instead, but are you really going to move to increasingly worse apartments to keep your low rent until you retire? That said, it’s a large amount of money to tie up in one asset. If you’ve bought an expensive primary residence, how do you justify it? +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. +The normal schedule will resume next week. + +With inflation continuing to resist the interest rate hikes, the Fed has once again raised rates by 75 basis points. +While many expected such a move, such news still appears to have hit the market somewhat hard. +For companies that depend upon utilizing debt for seasonal inventory, this kind of news must be incredibly challenging. +The times of 'cheap, easy money' are over for who knows how long, and there are many companies who are not prepared for it. + +I delight that GameStop is incredibly well-prepared. +Quite a while ago, during the second major run-up, GameStop took the opportunity to sell shares and raise capital. +They raised over a billion dollars, wiping out their unfavorable debt and accumulating a warchest. +Since then, they've increased fulfilment capacity, increased inventory, increased wages, and have invested heavily in their digital future. +And GameStop is still sitting on a massive pile of cash. +GameStop can easily weather the months and years ahead, when the SHFs who bet against them are desperate for them to run out of cash and enter bankruptcy. + +The SHFs are fuk. + +Today is Thursday, November 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 60 minutes in: **$26.88 / 27,13 €** *(volume: 1587)* +- 🟥 55 minutes in: $26.93 / 27,18 € *(volume: 1203)* +- 🟩 50 minutes in: $26.94 / 27,19 € *(volume: 1203)* +- 🟥 45 minutes in: $26.93 / 27,18 € *(volume: 1096)* +- 🟩 40 minutes in: $27.08 / 27,33 € *(volume: 844)* +- 🟩 35 minutes in: $27.06 / 27,31 € *(volume: 621)* +- 🟥 30 minutes in: $27.05 / 27,30 € *(volume: 611)* +- 🟥 25 minutes in: $27.06 / 27,32 € *(volume: 535)* +- 🟩 20 minutes in: $27.09 / 27,34 € *(volume: 143)* +- 🟩 15 minutes in: $27.08 / 27,34 € *(volume: 143)* +- 🟩 10 minutes in: $26.94 / 27,19 € *(volume: 143)* +- 🟥 5 minutes in: $26.94 / 27,19 € *(volume: 143)* +- 🟩 0 minutes in: $27.03 / 27,29 € *(volume: 82)* +- 🟥 US close price: $26.62 / 26,87 € *($26.66 / 26,91 € 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 0.9908. 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! +[FTX held less than $1bn in liquid assets against $9bn in liabilities](https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558) + +What a shitshow. + +After this, crypto exchanges are showing their proof of reserves to the public. + +[Binance](https://www.binance.com/en/assets-proof) + +[Crypto.com](https://crypto.com/company-news/transparency-first) + +These don’t mean shit, unless they can show how much they should actually have. + +Someone gave me $5, it doesn’t mean shit if I I show I have $3, when no one knows that I should have $5. + +This might be a step in the right direction of being more transparent to the customers but without the full information, it don’t mean shit. +I apologize if this question has been asked in a different way. I couldn't find any satisfactory results for "lcol chef" or "lcol assistant" on the sub. + +I'm trying to find a person to do the following: + +* Clean the house and do chores like laundry and dishes. +* Make and bring me lunch most days and sometimes dinner (and actually be good at cooking). +* Do errands around town like grocery shopping. +* Stay at the house with our dog when we travel. +* Any other life stuff that needs to be done. +* Probably 10-20 h/wk in work. + +It's just me, my GF, and our small dog. Our house is tiny compared to most fatties here. We just don't have the bandwidth to keep up. + +We live in a smaller LCOL city in Oklahoma, so it's not like I can open some app and request a cleaner, dog sitter, private chef, and personal assistant in a few taps. + +* What would you call this position? +* How would you hire them? +* Does $20/h seem totally unreasonable in an LCOL area? +* Anything I'm missing? + +I greatly appreciate your advice. + +==================================== + +Reflections: + +$20/h is low, so I'll shoot for $25-30. + +Appropriate job titles may include "personal care assistant", "home helper" and "home assistant." +So I've done the unthinkable. Something I didn't think in a million years I'd do but I've decided to get rid of my internet line. I was paying around $80 per month and it basically gave me everything I needed (1000GB and 100mb/s) except my phone plan also had around 40GB of data each month. So I weighed up in my mind if I really need the internet on at my house and realised I don't actually use it all that often except YouTube and Netflix. Netflix is already included in my phone plan so it doesn't chew into my 40GB and I can work on living without Youtube. So to me thats pretty much a win! + + +Has anyone made similar decisions and if so, how's it going for you so far? +I was watching a very recent Dave Ramsey video on YouTube where the question was ‘how do I know when I have enough money to retire’? Dave said that if he used the average salary in the US of $60,000 and that 15% of that ($9,000) was saved from age 30 to 70 (40 years), that you would end up with about $8 million. Can anyone help me figure out how he has arrived at the figure of $8 million? +Sorry, telecommuters. Obituaries for the office were premature. As vaccination levels soar and the limitations of remote work become more evident, a growing number of companies are planning at least partial returns to cubicle land. Investors should pay attention. + +Some of the most direct beneficiaries of a return to the office would be real estate investment trusts, such as Allied Properties REIT, which lease prime office space in downtown cores. + +More retail-oriented landlords, such as RioCan REIT, would also stand to gain if the return of office workers helps to re-energize downtown shops and restaurants and spur more demand for storefront spaces. + +Both these REITs trade at reasonable valuations and currently pay unitholders around 4 per cent a year in distributions. Their shares have risen sharply in recent months but are still well below their prepandemic levels. They could climb further if the return to the office proves more vigorous than expected. + +Some signs suggest it will be. The Globe and Mail recently reported on a flurry of companies, including TMX Group Ltd. and Intelex Technologies Inc., that are cancelling plans to sublet some of their downtown Toronto office space because more workers than expected are returning to their cubicles. + +In the United States, JPMorgan Chase, Goldman Sachs and Morgan Stanley have told employees to be back to their New York offices by fall. And Apple Inc. has told its staff it expects workers back in the office three days a week beginning in September. + +“There is no consensus on how far the return to the office will go,” says Howard Leung, an investment analyst with Veritas Investment Research who follows the REIT market. “But there is a growing belief that some sort of hybrid model will become common, where people work from home part of the week and go into the office for the remainder.” + +For REIT investors, this is all good news. A hybrid model suggests offices – and office landlords – will still have a major role to play in corporate life. The possibility that major employers will suddenly decide to abandon their workspaces en masse and go largely remote – a real worry for REIT investors a year ago – no longer seems realistic. + +A hybrid model would reflect the mixed feelings many people have about remote work. Surveys show most workers enjoy not having to commute every day, Mr. Leung says. But many – including Mr. Leung himself – also miss the buzz and energy that comes from seeing colleagues and clients over lunch or meeting them for drinks after work. + +Companies, too, have become more aware of remote work’s limitations, he says. Managers now realize how challenging it is to bring new employees into a company’s culture when there is no physical place for the newbies to rub shoulders with co-workers, strike up friendships and find mentors. + +Working via Zoom becomes particularly tedious amid projects that involve constant close collaboration. Matters that could have been settled quickly prepandemic by walking a few feet and talking to a colleague for a few seconds now involve scheduling a call. + +Mr. Leung notes that even the tech giants that paid the most enthusiastic lip service to the possibilities of remote work last summer have not abandoned the office. He recently compared lease commitments by the likes of Twitter Inc., Amazon.com Inc. and Shopify Inc. and found they actually ticked up in 2020 compared with a year earlier. While not all of these lease commitments were necessarily for office space, the lack of any dramatic reduction in commitments suggests that even companies well positioned to work remotely are not shedding vast acres of empty cubicles. + +That bodes well for Allied Properties, which caters to a heavily tech-focused clientele that wants space in downtown cores. Mr. Leung says he’s “bullish” on the company. He puts its intrinsic value at $50 a share, significantly higher than the $44.65 level around which it now trades. + +Mr. Leung is also optimistic about RioCan REIT, as a result of the stabilizing outlook for commercial real estate in general – and, more specifically, RioCan’s plans to add residential units on top of many of its urban retail properties. He has an intrinsic value estimate of $23.50 a share on the stock, now trading around $22. + +Analysts at Canadian Imperial Bank of Commerce see things similarly. They rate both RioCan and Allied as outperformers with a target price of $23 on RioCan and $49 on Allied. + +“A strengthening Canadian economy, the desire of workers to reinstate the line between home and work and signals from tenants all support stable prospects for the office asset class,” wrote Scott Fromson of CIBC in a June 22 report. He says Allied is particularly well positioned to capitalize on the “great office reverse migration” and names it as his top pick among Canadian office REITs. + +What are the risks? A COVID-19 resurgence would play havoc with the outlook. A sudden increase in interest rates could also dampen enthusiasm for REITs. But if current trends continue, the sector looks likely to benefit from a reversal of the telecommuting trend of the past year. + +[https://www.theglobeandmail.com/investing/markets/inside-the-market/article-with-limitations-of-remote-work-becoming-more-evident-reits-will-be/](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-with-limitations-of-remote-work-becoming-more-evident-reits-will-be/) +As the post title says, we keep seeing all these people crawling out of the woodwork to say “see? I told you 3 months ago that LUNA/UST was going to crash, but no one listened”. They say hindsight is 20/20, so maybe all the signs are easier for people to see when it's already happened, but as we've seen in the past week, it's often far too late for some. There are too many echo chambers and general denial in crypto, not to mention greed. Maybe you've been trying to warn people about another crypto project and people just aren't listening. Well, we’re listening now. What have you been screaming from the rooftops that no one seems willing to hear? What are you predicting is going to go up in flames sooner than everyone thinks? Maybe someday someone will be quoting something you said in this thread as evidence that we were warned. + +Where you can, please provide reasons, or even evidence (if you have any) of why you are certain a project won’t work out. +25M. Purposely keeping some identifying details vague for privacy. + + +I got an offer from the CEO to join a top venture backed Series B startup in the B2B space. It's for a Director level position, and would likely be around 0.25% equity at a 220M valuation. They expect a large Series C to come in the next 12 months that will push the val to higher hundreds of millions. + + +I love the team, business is pretty solid overall from my vantage point and somewhat recession resistant, and I have consulted for them for a while. Tasked with building a team and achieving aggressive business goals - it would be a stretch to accomplish and be several years of nonstop grind and stress, but would learn a lot outside my scope of work too about scaling a business. Also a pretty prestigious offer for my age that I am getting based on my performance as a consultant, likely not to get another exec offer like this. + + +My dilemma is around opportunity cost and how this will affect my path to FatFI. Goal is minimum of $5-$10M in the next decade or two, but no RE likely. + + +In my current role I have somewhat comparable liquid compensation to this opportunity for now, but my compensation will likely strongly overtake this role each year for the next few years. Now I work with some of the best startups in SV (including this new opportunity), and have access to invest as an angel in my clients alongside the top VCs as my income continues to grow. I also can mega backdoor now whereas I won't be able to at the startup. Good work/life balance and I learn a lot and have exposure to a variety of amazing people, and I am happy. + + +So the question is from a maximization of net worth standpoint - do I stick with the current opportunity where I can make high liquid comp, put $61k/yr into 401(k), and create my own equity portfolio due to access to incredibly top-tier angel/VC deals? + + +Or do I go for the concentrated equity position that I earn with my labor (not capital like I can now) which could be a decent payday in the future at $1B+ valuation, but has all of the pitfalls even if successful including but not limited to: dilution, down rounds, PTE window, buying shares/AMT, vest not accelerating upon change of control, common stock instead of preferred, worse tax treatment, and many more. + + +I have the golden ticket now to FatFI in the next decade or two which would be hard to reproduce, but I am also tempted to take a gamble on myself and this company in the hopes of accelerating FatFI to achieve it when I am much younger and try to go for ObeseFI. + + +If this company exits for $1B+ it will also put me in another write my own golden ticket scenario, and if it fails I'll be fine but likely way behind on FatFI, no golden ticket scenario, and would be lucky to FatFI by retirement. + + +My understanding is having higher liquid comp and buying equity (assuming you have an investing edge which I do) is always mathematically superior to going for the startup equity lottery ticket, even when you don't factor in risk of being concentrated in one illiquid private investment. + + +I would appreciate any feedback or thoughts on what you would do in my position to maximize NW, and if you advise going with the startup, what I should look out for contractually to protect myself. I will throw in more detail if needed in replies as long as it wouldn't be identifying. + + +Thank you all! +Hello Again, + +I am just looking for opinions and general advice on the following: + +* Currently living in paid off house, can rent for 4500ish (950k house, 675.00/m in taxes) +* Total expenses per month is around 4.5k +* Save about 10k per month + +I am considering moving to another house and renting this one out. My thoughts are the mortgage here could pay for my next house or a good portion of it (assuming a few 100k down). One part of me says stay as I am just saving a lot per month with minimal expenses. The other part says, if the rental here can pay for most of my other mortgage, why not move and gain another property. + +&#x200B; + +Just looking for general constructive criticism and thoughts. + +&#x200B; + +Quick Edit: 675/mo in taxes. and looked at comps, around 4500 is a reasonable number. Still doesn't change what you guys suggested, just wanted to make sure post was accurate. +I’m a mid-level exec at a large company, I like my job but hate the trade off of time away from my family. I could RE in the next couple years but I’d honestly rather shift to part time and work many more years. I’d love to keep my current role with a proportional cut in salary. + +I see 2 major hurdles 1. Losing medical benefits etc. would be a blow and 2. I just don’t think this is “done” for exec-level roles. + +Has anyone here done this or seen it done? It honestly seems like a great solution for many on this sub (those that don’t know what to retire “to” or are looking for a “normal” job) the other route I seem to read about here is people that essentially trim back their hours dramatically, seemingly delegating most of their work; thus route doesn’t sit well with me. I’d love to hear thoughts on this or ways it has (possibly?) been accomplished +Serious question - were you on the fence on having kids, and have reconsidered having them to achieve FIRE? + +I know it’s possible to have kids and FIRE, but it’s likely much harder. + +------- +Update 10:10am est - Thank you all for such great feedback! This has been very insightful, especially on the point of "having kids because one should WANT them regardless of FIRE". This begs the question on what motivates people to want kids or not want them. + +I have just two more questions: +1. For those that have or want kids, what were your top 3 reasons for having/wanting them? +2. For those that do NOT want kids, what were your top 3 reasons for this? +I went to go deposit money into my chase debit card using their ATM. I first put 1 $100 bill, which it read correctly, and then I pressed “deposit more”. I then proceeded to put 4 $100 bills into the machine, and it took a while and came back with an error. It said it couldn’t read my money, and that’s it’s going to return it. A minute later, it didn’t return anything and said call this number to make sure your deposit went through. I called the number, and I told the lady my situation. She filed the claim, and said it will take 10 days max to get a response. 4 days later, I get a notice that says they can confirm from their research that no money was deposited, and that no adjustment will be made to my account at this time. I literally can’t believe this. I’ve been robbed of 500 dollars, and as a college student, yes 500 dollars is a lot. What the hell do I do? +So I’m looking at my first investment property with a mortgage . I’m trying to run numbers and decide whether its better to put more down to make more cash flow each month or if its better to put less down. For my example, purchase price is 245k. If I put down 40k my cash flow is +358/mo. If I put down 20k my cash flow is +250/mo. If I go FHA (primary residence loan) for 3% and put down $7350 my cash flow is +187/mo. Then I put my numbers together to come up with Cash on Cash return which resulted in 7.95%, 8.8%, 10.5% respectively. The more I put down, the worse my COC;the less I put down the more my COC. So the question is, which is better to have, higher cash flow or higher COC. What are some of the benefits of putting less down? +>Active management is bad and it’s getting worse.  Every year, S&P Dow Jones Indices does a study on active versus passive management. Last year, they found that after 10 years, 85% of large-cap funds underperformed the S&P 500, and after 15 years, nearly 92 percent are trailing the index. + +That alone sounds pretty bizarre... However I think there are nuances to that. + +What's your success rate as a DIY investor/trader? Have you managed to beat S&P 500 over the course of at least 2-3 years? If you did what helped you the most and how you had to adjust your approach? +What are your thoughts on Universal Basic Income? It is indeed expensive, but I would state that it could replace 75-90% of working age benefits. Just a speculative thought (not a thorough one). + +I've been Googling all these phrases and the likes since getting into crypto: Bull runs, bear markets etc. so I can understand what people are talking about in here and in the press. + +But Fear, Uncertainty and Doubt (FUD) always make me laugh. + +A "fud" in Scotland is slang for vagina, and usually gets used as an insult for people being an idiot. + +Example: + +"What!? You sold all your crypto at a loss! You're a fuckin' fud mate!" + +In conclusion, don't give in to FUD...ya fud! +According to a reporter with a contact in investigations, just now on CNN, his wife witnessed his death. I think until we know more, out of decency and respect, we should refrain from posts or comments for the next few days. We should not be conjecturing, especially considering the family has not issued a statement yet. (That I am aware of.) + +My opinion. +Here to learn, not to argue. +Think to a place in the future in where months or a year from now, you'll look to these days where you didn't cash out. You made thousands, tens or millions because you had the nuts to hold when the cards were massively stacked against us. I won't lie, the cards have now stacked two decks. But we always have hope. Mark Cuban, DFV- The 20s Scarface (The world is his) , and the 8-10 million plus around the world who are with us retarded investors battling the system day and night. Think if you cashed in, you'd of given in to a system that keeps fucking you over day in, day out. You'll watch as everyone on here will make the paper bag, the biggest most of us will ever see. + +Its okay to be scared. I've been scared of a collapse for days, but that fear turns into strength. Fear, is what they want you to feel. But like apes, or the 300 Spartans, we are stronger together as one. They underestimate our power to virtually hold them hostage for what they've done. We hold the majority of shares, and were not going to stop holding and buying. They will run out of money soon, possibly again if were lucky. All we have to do IS KEEP HOLDING. They've rigged the markets for too long, the SEC sadly aren't on our side. Its time to show then where the bomb sights should be. Send them mass emails with evidence of corruption from the Hedgefunds. Keeo calling your attorney and show them the evidence. Do what you can to bring a fair game to the markets again. + +If the SEC sees this I am no way calling for market manipulation or cheating. I want a fair system for all, so we can all make the money and have all the bannaenaes in the world. SEC Investigators, look at the real targets. Melvin Capital , Robinhood , EToro , Citadel, and those in the White House. If we gain enough attention in the right direction the SEC will prosecute those who hide in the shadows. + +What keeps me going? A final thought. The picture of those in 2008 were waving and laughing at the protestors on Wall Street who were never brought to justice. Its about time we show the world that corruption comes from those above, not below. Godspeed apes, and God Bless. KEEP HOLDING, and if you can, KEEP Buying. 🚀✋💎 +I recently went to a FIRE meet-up in my home city and as we went around the table everybody asked each other what they did for a living. I was the only person who was not a software developer (from around 10 people) and this got me thinking... is FIRE only really suitable for people with certain types of jobs? Or maybe that’s the wrong question. Maybe the right question is - why is fire so popular with software developers and less so within other professions? + +What are the characteristics of the role/lifestyle of developers that lend itself to FIRE? Characteristics that came to my mind were - relatively high pay, flexibility, propensity for logical analysis(?). I think flexibility has to be the biggest factor. Developers have a skill set that is currently highly in demand and means that they can switch jobs more easily than the norm and is also not geographically limited - this relative flexibility perhaps makes it easier for them to expand their skill set to a passive income stream linked to their profession (i.e. Amazon affiliate, net-based side hustles etc.). Perhaps it makes the idea of giving up their day job less daunting than say a medic who may have to retrain or jump through administrative hoops to get back into a salaried job? + +I think there is also something to be said for the eco-culture that these ideas have been born into having a large influence. Mr Money Moustache being one of the biggest personalities in the space and has provided a very clear route for other developers to follow. + +Has anyone heard of any research of FIRE followers split by profession? Do people think we within the FIRE community should do more to spread the love outside the software community? + +For me FIRE concepts can be drawn up pretty narrowly and at its core is largely defined as a high savings rate combined with saving and investing to the point when work is optional. But there are many adjoining concepts such as rejecting consumerism and all the way to Marie Kondo tidying up your home! I think there are loads of healthy concepts/mentalities that underlie FIRE that are hugely beneficial to society. Sometimes these can be lost on people who are new to FIRE and get bogged down in the technical - What's the safest SWR? What's the best Vanguard Fund to invest in? etc. etc. for me the sense of well being from taking control of your life is the most powerful message. + +Anyway, that's a bit of a meandering brain dump and thoughts on FIRE - musings on why it would appeal to certain personality types/professions. I'd be interested to hear people's views. +I had a few shares which I sold yesterday for around 5.8k yesterday and I saw my bank statement that I have been deducted around 801 euros as Steuerabzug. +Any idea what it is and how I can reclaim it? 800 euros is a lot of money for me 😔 + +I live in Germany by the way and my bank is Commerzbank +Hello, I’m starting to build my passive income portfolio and researching about what would fit my current interests an needs and thanks to this subreddit I’ve managed to ease the learning curve a lot. I’ve got to the point where I would like to buy stocks from international markets as a medium risk asset I could manage on my own (not interested in ETFs at the moment) and I’m not quite sure what’s my best option as a broker. Are there any known and trusted banks/brokers that you would recommend or even any ones to be discarded or to be cautious abotu? Thanks in advance. +I feel like there’s a consensus on stock forums that a catastrophic market crash akin to the dot com burst is happening soon. They use historical prices to back it up, and they inform anyone who’ll listen to sit on large quantities of cash, because everything will come crashing down soon + +Is there anyone out there that thinks that won’t happen? + +I can see a -20% decline over the course of a couple months happening in the next couple years. I can also see certain industries that are inflated to come crashing down. If you see what happened to [ZM](https://i.imgur.com/IumMxau.jpg) from October to December, I can easily see something like that happening to a variety of different growth stocks that are completely mispriced. + +But we also have companies making a LOT of money that can justify a lot of the prices. AAPL made over $100 billion **in a single quarter**, and they’re growing 20% YoY. They have almost $200 billion in cash alone, and they’re innovating and finding new ways to make money. Why is a $2 trillion market cap unreasonable? + +Same with AMZN, MSFT, and other big tech companies. Unlike the dot com levels, tech companies are actually making a lot of money. I personally can’t imagine a -40% market drop that later stagnates for years on end when companies like AAPL have most cash in hand than their entire 2010 [market capitalization ](https://money.cnn.com/2010/03/29/technology/apple_valuable_companies.fortune/index.htm). + +I know this post is going to get of snark, but I hope we can have an actual discussion. The people who have been screeching “MaRkEt CrAsH iMmInent” are the ones that have been losing the most these last few years (by having large portions of their money uninvested in the midst of an incredible bull run) + +With investors finally realizing the potential these tech companies have nowadays, and with tech companies making more money than what was once ever thought possible, does anyone else think a catastrophic market crash just.... won’t happen? +I’m younger, 23, and looking to make smart investments for my future. Currently I have some money invested in vfv but want to continue to make smart moves. I’m fairly new to all this and trying to learn. Thanks! +Seems this is what has caused the recent correction just now? + +[RBA inject 8.8 Billion into banks ](https://www.afr.com/companies/financial-services/rba-injects-8-8-billion-into-banks-20200313-p549t6) +She knows nothing about the stock market and day trading but knew that for the past couple months I was up about 8 grand in profit. The most I’d get in affirmation was “That’s nice, honey.” + +The last week and a half has been brutal and I’ve lost about 95% of it. All of a sudden she’s interested in where I’ve gone wrong and this morning she hit me with “How come you keep buying stocks that only go down?” + +Even with her limited knowledge on the stock market, even she knows that stonks only go up. + +🚀s for better luck are appreciated. +What is your opinion on this? I am one year into a 30 year mortgage at 3.25% interest which is under 25% of my after taxes income. I am currently putting about 25% of my income into various markets (401k, SERP, HSA, Vanguard, etc) which makes between 13-23% return YTD (a buy a hold strategy). At first thought, it seemed like a good idea to get the lower monthly payment that comes with a 30 year mortgage but now I am having doubts. Should I focus my goal of paying off my mortgage instead of trying to grow wealth through investments or is my plan solid. I am single income, middle aged, no dependents or spouses (just houseplants). I appreciate your input! +Hi I’ve been just about fed up with physical banks. There’s too much “please call this number, we’ll redirect to another number” and so on for 50 numbers (exaggerating of course). Plus any bank I’ve ever used it seemed like their only objective was to get my money (crazy for a federal bank right)? So anyway can someone help me finding the best online bank I can use? +Background: +Owe ~200k on house. +2000/mo mortgage with bad credit +High cost of living area +One car payment about 450/mo +60 years old +Essentially no retirement savings +Inheriting around 150-175K + +They asked me what they should do with the money to save for retirement and I don’t know what to tell them. On one hand I think they should pay down the mortgage but that would leave them with no money to save. On the other hand they could invest it in some safe assets to protect their purchasing power but still be stuck with a relatively high mortgage. I need some help weighing the options. Any help would be greatly appreciated. +Hey guys, + +I'm a computer security and distributed systems guy. I've did audits and trainings at many large banks and lotteries and also built complicated stuff like a quantum cryptography engine and a p2p file sync engine. I also worked at TradeHill for 3 months in 2011. You can learn more about me here http://paulbohm.com/about/ + +You may also know me from a Bitcoin article I wrote two years ago that's popular on Quora: http://www.quora.com/Bitcoin/Is-the-cryptocurrency-Bitcoin-a-good-idea + +I'm really annoyed at the exchange software quality and yesterday spontaneously tweeted that I'd start working on an open-source high-performance highly-secure exchange engine and asked if anyone wants to join me in my San Francisco apartment. + +Seven people showed up, including a Stanford professor, someone who built an ISP, someone who previously built a payment system and an angel investor. They all were tremendous help in nailing down the core architecture. Later today another friend will come by who is an expert in B-tree filesystem design, which will help with getting the data structures right. + +I'm doing some explorative coding at http://github.com/buttercoin/buttercoin and note-taking at http://buttercoin.hackpad.com/ but it's really just a rough outline right now. + +Basically I want to build something similar to the LMAX architecture (http://martinfowler.com/articles/lmax.html), in node.js and put it under an MIT license. If this worked it should allow us to process enormous amounts of transaction, or even do things that help distribute exchange more. + +Let me know if any of you are interested in joining a hipchat or hackpad and discussing the design, or contributing on github. + +I can't promise this will succeed - before yesterday I had no plans or ambition to write an exchange, but I really want Bitcoin to succeed and I don't think it can without a quality opensource exchange package. + +You can email me at ~~enki@bbq.io~~ or if you want to motivate me send donations to ~~1McqPj92jvWfFg5F24dwyDSUptjTosH2EY~~ (i will donate any funds received to the bitcoin foundation should I not succeed at building buttercoin). *Update:* I'm no longer with the project, please get in touch with buttercoin.com + +Any thoughts? I'd love to hear it! + +Ok IRC here: irc.freenode.net #buttercoin +subreddit: /r/buttercoin + +~~leave your email on http://buttercoin.launchrock.com if you want to help out - we might ask for help via email later~~ +Hello. I've given a thousand quid loan to a friend to help him with his new vehicle and he promised he is going to pay it back when able. I've knows this person for decades. + +He repaid the amount and I tried to move the money to my Chase savings. +Everything good until I woke up to my Starling account restricted and I'm afraid I won't be able to pay bills or anything. + +How do I proceed. They're asking for proof that the money I received are from a loan, they're asking for conversations. How am I going to show proof of a face to face call between my friend and I? +As the title says, things like choosing an ethical banking provider, fossil fuel free investment funds, boycotting shops and retailers which treat their workers poorly and so on; even if such choices aren't the market's 'best buys'? +### Welcome to the fourth /r/economics Graduate School Panel! + +---- + +It's fall, and many of our users are submitting their applications now for the current cycle. If you have any questions about preparation and applications, ask away! Or, if you're thinking about econ grad school in the future, feel free to ask about planning and programs too. + +---- + +The following users have already agreed to offer their time and answer questions (thanks folks!): + +Panelist | Degree | Current Status | Additional Details +---|---|----|---- +/u/Aconmatrix|MA, Economics||AMA about South Africa's economy, Universities, and Economics courses +/u/be_throwmeaway | MA, Economics and Finance | 1st Year | +/u/Caesar1994- | MA, Economics| 1st Year | +/u/DennisDu | MS, Applied Economics and Finance, | 1st Year | +/u/DriftingSkies |PhD, Economics|5th Year| planning to pursue other work opportunities at the ABD stage +/u/fmn13 | MA, Economics | Degree | Canadian program +/u/glah_king | MS, Economics | 1st Year | Got my BA in the US, doing my Masters internationally. +/u/iamelben | PhD, Economics | 2nd Year | +/u/Jericho_Hill|PhD, Economics|Degree|Urban Economics +/u/jsgrova | MS, Economics | Degree | currently working in an actuarial function for an insurance company. +/u/los_thunder_lizards | PhD, Economics | Degree | 2nd year faculty in environmental and natural resource econ +/u/lowskilled_immigrant|MA, Economics|Degree|Working in data analysis now. +/u/LuckstYle | PhD, Quantitative Political Science | 1st Year | German BA, MSc and PhD programs, interdisciplinary +/u/marpool|MA, Economics||I would be happy to answer questions about UK masters and advice for UK undergrads interested in applying for PhDs. +/u/MrDannyOcean | MS, Statistics | Degree | If anyone is interested in doing the undergraduate economics to graduate statistics route, I'd be happy to talk. +/u/nash000999 |PhD, Economics|Degree|behavioral economics. After some years as a management consultant now working in industry. +/u/orangemaen | PhD, Economics | 3rd Year | +/u/person95 | PhD, Economics | 5th Year | +/u/Philosopher013|MA, Economics||non-economics (humanities) background +/u/Richard_Bolitho|MS, Applied Economics|1st Year| +/u/shetoru | PhD, Energy Economics | 2nd Year | +/u/upsidevii|PhD, Economics|2nd Year|I'd be happy to answer any questions about first year, surviving quals, admissions, and math prep. +/u/vodkahaze | | | +/u/wilderecon|PhD, Economics|2nd Year|Can offer perspective from outside the top 100. + +---- + +If you haven't volunteered yet for our panel, and would like to, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). PM the mods with your top-level comment, and we will add you to the table up here. + +As an incentive, volunteers will be awarded **special red flair.** By default, it will refer to your degree or status, but PM us if you want to customize it to your field/profession. + +---- + +In addition, we have the career resources and advice in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +You can also browse our previous Grad School Panels: + +* [Grad School Panel I (Nov 2016)](https://www.reddit.com/r/Economics/comments/5f7p5o/reconomics_graduate_school_question_thread/) +* [Grad School Panel II (Feb 2017)](https://www.reddit.com/r/Economics/comments/5wcut1/second_reconomics_graduate_school_panel/) +* [Grad School Panel III (Jun 2017)](https://www.reddit.com/r/Economics/comments/6i1z8i/third_reconomics_graduate_school_panel/) + +----- + +This thread will run for the next two weeks. +I've managed to build up a decent war chest and currently have £115k left on my mortgage with my partner (paying £406 a month total at present, roughly half of which is interest). She's posed the idea of paying our mortgage off entirely in May which is when we're set to remortgage - I always default to "For what we pay in interest each month, I can probably make more in savings/investments". + +£40k sat in Vanguard, £45k sat "doing nothing" in a HSBC current account - I need to make a decision. I've had a good rifle through the new flowchart & paying off mortgage vs investing page on the Wiki but still feel a bit stumped. + +Vanguard is doing about £3k a year which exceeds my share of the interest (£1200 or so) so it feels silly to take that £40k out along with the "doing nothing" money to pay it off. Would overpaying once we remortgage be better so that £85k can still be put to use in investments? Or would paying off the whole mortgage/a good chunk of it to get a decent LTV be wise? For clarity, the rest of the due balance on the mortgage would come from my partner. + +Thanks! +Hello, + +Hopefully my title is as shocking to you as it is frustrating for me. My effort is to understand what more I can do to be confident that I am doing what's best for my clients investment portfolios, and that I am advising them to do what I truly would do if I was in their shoes. + +I work for one of the most successful investment firms in the US, and unfortunately do not know much about investing beyond applying the following portfolio construction principles: + +1. Buy quality investments (my firm filters to a focus list from which I work with client to choose holdings) +2. Diversify (My firm identifies all portfolio holdings, which covers some exposure to pretty much every asset type available) +3. Control volatility risk through asset allocation (firm provides models based on target return/volatility comfort) +4. Take a long term perspective. + +In a nutshell, most of my time and energy goes into acquiring clients and coaching them to be organized and intentional about their finances, and to be realistic about rate of return expectations. My clients are often people who otherwise would not participate in the markets, or if they do/did prior to meeting me, I save them from blowing themselves up with stupid decisions. + +However, given that investment portfolios are the primary way my service is charged for (% of AUM), I have never been able to put to rest my desire to know more about creating and managing investment portfolios in order to be confident I am able to truly serve my client's best interests. At this point, I feel like I just transfer the entire responsibility of investment selection to the firm I affiliate with, and inevitably let the corresponding spread exist, which I can only assume results in some degree of opportunity cost for my clients portfolios. + +What do you think are the most important things I should focus on learning to control for clients, given that I do not have the ability to spend a tremendous amount of time on each individual client's portfolio? I also believe that if I were to understand more about managing investment portfolios, I would know what research and services are truly worthwhile to outsource. + +PS - I am still in my twenties so I have a long career ahead of me. I am not afraid of challenges that may take me years to complete as I continue building my client relationships (i.e. obtaining CFA, spending time with portfolio managers, getting a masters in finance, etc.). + +Thanks so much in advance for your encouragement and input. +A couple came knocking on my door when I got off work, asking if I owned the white Sebring. I answered yes, and they claimed there was paint damage on their car that matched my vehicles color. They claimed to have already asked the complex about camera footage (there is none), along with taking pictures of my vehicle and tag. + +I know the smart decision in these scenarios is to tell them to pound sand, but I'm too social to do that. I went out and checked my vehicle, where they showed what they deemed to be their paint on the edge of my passenger door (where it would hit while opening the door). They claimed they noticed the incident Monday (this was Tuesday). + +The main issue I have with this... I hadnt opened my passenger door in three weeks. I dont drive people around. Theres no way to prove that, but I know for a fact I could not have scratched their door. + +We exchanged numbers (again, too much politeness) and exchanged pleasantries. Today I received a text asking for my insurance info, since they claimed they were going to their insurance company. + +I assume the burden of proof lies on their side, but what should I be doing? Should I inform my insurance company? I dont want to go through a formal process and have my rates go up over an unfounded accusation. + +EDIT: Thanks for all the replies, folks! I went to the Sheriff's Department, told the situation to an officer, who essentially gave me the same advice you all have: cease contact. He also suggested calling my insurance company to give them a heads up if a claim does get filed, but encouraged me that if I know it couldn't have been me, there's nothing to worry about. I'm not going to respond to the text, though I'm wondering if even calling my insurance company is needed. Seems best to just let it rock. +[https://www.cnbc.com/2020/07/16/bank-of-america-bac-earnings-q2-2020.html](https://www.cnbc.com/2020/07/16/bank-of-america-bac-earnings-q2-2020.html) + +# Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses + +>The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected by analysts surveyed by Refinitiv. However, revenue of $22.5 billion barely edged out analysts’ estimate of $22 billion. Shares of the Charlotte, North Carolina-based bank dipped 3% in premarket trading.  +> +>Bank of America’s trading division helped offset the drag caused by the coronavirus pandemic, although the firm’s trading results were less eye-popping than rivals JPMorgan Chase and Goldman Sachs. The lender increased reserves for credit losses by $4 billion, and lower interest rates sapped interest income by 11%. +Today marks two years since I ticked off the last day on my countdown calendar and left my 23-year career behind. Most days, that phase of my life seems really far away, but on occasion it feels rather near. The former makes good sense to me as I feel like, despite the challenges that came with COVID-19, I’ve done a lot of things since embarking on this next chapter in my life. I originally wrote this as a blog post but reworked it (and removed links that could be deemed self-promotional) in the hopes that others on a FIRE path would appreciate my thoughts here. + +If you’ve worked in retail, manufacturing, or in a whole host of other trades, you understand the value of taking inventory. One of the key lessons I’ve learned since leaving the workplace is that this applies to our personal lives as well. What do I mean? I’ve found there is tremendous value in taking time to reflect, allocating the mental space needed to think about what you’ve been up to, your accomplishments, lessons learned, etc. I didn’t do a very good job of that - and often enough during my career, but deliberate reflecting and writing has been a big part of me changing that. And so I thought it would be a fun exercise to take inventory of those things here. + +So what have I been up to? While not an exhaustive list, in no particular order, I have… + +* **Started a YouTube channel and** **podcast** with my good friend of 35 years. As I write this, Eric and I have released 38 full-length Two Sides of FI episodes as well as many highlight videos, outtakes, and Shorts, which have been viewed nearly *one million* *times*, and we are approaching 15,000 subscribers to the channel. Wow! I recognize that's small potatoes compared to actual YouTube stars, but I’m so proud of this project and remain humbled that people value the content we produce. This has been the most fulfilling aspect of my FIRE journey so far, without exception. +* **Learned\* video and audio production and editing**. The asterisk denotes that this learning is *very* much ongoing. But I feel like I now know just enough to be dangerous re: Final Cut Pro, Garage Band, and the processes needed to put out video and audio content. +* **Completed three iOS app development courses and** **wrote a few apps**. I spent a good chunk of the first 4+ months after moving to this effort, and really enjoyed it. I completely threw myself into this and had planned to do so even before leaving my job. I’ve not done much with this lately but who knows? I may pick it up again. +* **Qualified as a FAA-certified Part 107 commercial drone pilot**. Last year I bought a drone and wasn’t entirely sure of where that would take me. But since the videos were going to be used on YouTube and I had some interest in other commercial uses, getting the license was the right path. Will it ever go beyond simple hobby use? Who knows? +* **Volunteered at my local COVID-19 vaccine clinic**. One of my post-FIRE aims was always to do more service. Due to COVID and other more selfish reasons, I haven’t done really well on this aim – yet. But I did enjoy taking a weekly shift at the town clinic during the big vaccination push in those early months after shots were available. This felt really good and isn't something I would have been able to do were I still employed full-time. +* "**Worked" one day a week at a local winery tasting room**. I never saw this coming but my love of wine, enjoyment of education, and need for socialization made a once-weekly tasting room "job" a great fit. I’m still doing this nearly a year later with a really great group of people, and I truly enjoy it – as well as the industry discounts! +* **Given several talks and career counseling to students**. I had the honor to be invited to speak to two groups of undergraduate + graduate students about careers in biotechnology and my own path. Since then I’ve had a number of career counseling calls with students. I get a ton out of these and wonder if it may turn into something I want to do more with. +* **Took the** **longest vacation of my life** **– more than 5 weeks!** Like many, we didn’t get to see family and friends for over a year due to COVID-19. It was wonderful to get such a long time to travel with my wife and daughter, seeing so many people we missed. This kind of trip, along with some shorter road trips, simply couldn’t have happened were I still working full-time. +* **Found a great online community** via a FIRE Discord server. I’ve been a fan of online chat since the earliest days of the internet. But I didn’t realize the value I’d find in socializing with a group of like-minded FIRE folks such as this great group has provided me. Talking about FIRE can be tricky so forums like this, like Reddit, are a wonderful thing to have. +* **Taken several online classes**. Outside of the iOS coursework, I’ve taken classes in topics including financial markets, personal finance, world history (admittedly we’ve been a little delinquent on this last one lately). I love learning and look forward to taking some classes at our local community college or university in the future! +* **Started a homebrewing club with my wife**. Making connections with people and socializing is important. The combination of moving to a new town, not having a “day job”, and COVID made both things tough. It’s been great to combine our love of beer and brewing with the opportunity to meet people. We’re a few months in now and it’s going really great. +* **Done a ton of cooking and learned new cuisines**. I managed to make all seven of the traditional Oaxacan moles, which was an extension of a long-standing bucket list item to make mole negro. Eventually I moved on to Indian cuisine, which was a really fun change-up. I’m still cooking nearly all the family’s meals at this point and it’s something I truly enjoy. +* **Taken hundreds of walks and hikes**. I’ve taken a 3-mile walk nearly every day since I stopped working, and most weeks I also take a longer hike with my wife. Over the last month I took several >20-mile walks, including one that was marathon-length. This has been great for so many reasons: when solo, I listen to books or podcasts, or simply take quiet time to reflect. When my wife and I walk/hike together, it’s great phone-free time to just catch up, talk about future plans, and enjoy quiet time together. I can’t imagine not having this in my life now! +* **Read many more books than I had in years**. While I’ve always been a reader, admittedly the pace of completing books slowed a *lot* for me as my career advanced. I’ve now completely turned that around and between audiobooks, ebooks, and the paper kind, I get through tons more these days. It’s also wonderful having a library just a short walk from home! + +I’m sure I neglected to add *many* things to this list. And it’s way too long so I do wonder who will even read it. But even so, it’s been truly rewarding to sit, think, and write this piece. A few thoughts come to mind: While I now have way more “free time” than ever in my adult life, I’ve never been bored (I get asked this a lot). Rather, like many early “retirees”, I don’t know if I’ve ever felt busier. The difference is that now with rare exception, the day is full of the things I/we want to do, and not things at someone else’s direction. But this list does at least help me appreciate why I always feel like I’ve got plenty that I want to do! + +Looking at the list, it’s a mix of things I’d planned to do since before I stopped working, along with quite a few I just stumbled into – the YouTube channel is a great example of that. There was absolutely no plan to do that and yet it’s become my biggest time expenditure post-FIRE, as well as the most rewarding part of each week. And this is the benefit of this chapter of my life. I now have the freedom to wander around, trying things, and seeing what sticks. And like with iOS coding, I can simply set things down after trying them – temporarily or perhaps permanently. Who cares? + +As I try to acknowledge in any content I put out into the world, I know just how fortunate I am to be where I find myself. I am from modest means, yet I had advantages that most in this world do not. I am thankful for all that I have. I wish you all the best in whatever you aim to achieve. Mahalo. 🙏 +https://www.fordmoney.co.uk/savings-products/flexible-saver + +Seems to be the highest interest rate product now for easy access savings. Might be one to watch with other providers such as Zopa, Chase etc. who may follow suit in the coming days, particularly when the Bank of England could announce a further interest rate rise tomorrow. +$NVDA is a gaming company. It has been since its inception. Most recently, Nvidia has been big into Artificial intelligence. Most headlines reference something to do with AI. I think this transition from gaming to AI is important for Nvidia's growth in the next decade. My price target for them is a 40% upside, $329. Is that even possible given how much it's grown this past year? I think so. + + +[Here is the google drive with the model, paper, and open position proof, updated whenever I update them](https://drive.google.com/drive/folders/1h2cTeiNRP07K8-2Wn4lYyQtbB_go2HGB?usp=sharing) + + +I'm just going to go over some catalysts and some risks: + + +Catalysts + + +* New GeForce series using the new Volta architecture, Series 20. Announcement will be big, should be in March 2018. The already released GPUs with Volta have been successful, I expect that trend to continue. + + +* Cryptocurrency becoming more popular. Crypto isn't going away, so I'd assume it to be a catalyst. I don't like to pay attention to it. + + +* Two years until we are seeing some of Nvidia's big autonmous vehicles come to life. Both the driving platform they are developing in china with ZF and Baidu, and the Volkswagen VW AI-infused Bus are expected to be actualized in 2020. If we see some success in the execution of these projects, I'd consider it a catalyst. I'm confident their execution will be successful given the success they've already demonstrated in AI with their datacenter revenue. + + +* Gaming industry big news (PC). Every year there is more gamers, every year gamers get better jobs, every year there are more games. GPUs are an integral part to gaming, so these revenues will grow with the gaming market. + + +Risks: + + +* Semiconductor industry decline. The semiconductor industry is interesting because a decline in one can cause they others to underperform. This is an entire topic on its own. + + +* AMD/new GPU designer taking market share from Nvidia. Unlikely, but Nvidia's dominance in the GPU market is why I am so bullish. I want to invest in the leader of AI deep learning training hardware and graphics processing, not the second best. + + +* Jensen Huang, the CEO, losing his ability to lead the company. Nvidia has has successfully positioned themselves to be a part of the future of AI, which I think is accredited to Huang's execution. This is a positive, he's invested in the company. The downside to this is that he is very important and anything that hurts his ability to lead would hurt Nvidia. + + +* New GeForce 20 series being not much of an upgrade from series 10, possibility but I think unlikely. Unlikely because their Titan V uses 12nm technology. + + +Price Target: + + +* I used a DCF model to arrive at the price target of $329, using a 7% discount rate and 1% perpetual growth rate. In the model I assume 39% revenue growth in Nvidia's 2019 fiscal year, 32% in 2020, and 28% in 2021. I based this off their plans in autonomous driving, and their new GeForce series to be released with Volta architecture. + + +What I think: + + +I think Nvidia successfully integrating its hardware into so many big company's is a huge success for their long term goals. Nvidia hardware is being utilized in Tesla's electic car's autopilot 2.0, and used by Google and Amazon Web Services datacenters. Nvidia is so dominant that no one can take these positions unless the company wants to build their own chips, which would be billions of dollars in R&D. Nvidia is supplying hardware for these big companies and there is no one to compete. + + +TLDR: NVIDIA is investing into AI. Nvidia's Drive PX 2 operates Tesla's autopilot 2.0 system, Nvidia's new Tesla GPUs have grown datacenter revenue by 133% this last year, and their focus on the narrow AI to bring autonomous vehicles on the road is proving to be worth it. $329, long equity. + + +Why am I doing this? + + +Well I don't think I am perfect and I think I missed A LOT, so I want some critisism to get as close to perfection as I can. Read the paper and look at the model. + + +I follow this sub from afar along with PFC and the theme for many is ETF's like VGRO, VEQT and Ishares equivalent are a good hold. We have this FelixYYZ fella always saying just get VGRO like he is sponsored by Vanguard lol (JK your posts are helpful)...but my question is if these very diversified ETFs can actually yield results? when one sector/business/region is up there is probably another that is down which would always limit growth. Kinda like 2 steps forward and 1.5 step back. + +I know you can custom build your holdings by using various ETFs but this post is strictly for these all in one ETFs everyone raves for. Am I missing something? +This post was inspired by another post ([https://www.reddit.com/r/algotrading/comments/qrieaj/my\_strategies\_keeps\_breaking\_one\_by\_one\_what\_to\_do/](https://www.reddit.com/r/algotrading/comments/qrieaj/my_strategies_keeps_breaking_one_by_one_what_to_do/)) to spark a discussion on on overfitting, and how to avoid it. I felt this deserves its own post because I feel like a lot of newer players to this game could use this advice. + +I've developed a process that has been working well that I'd like to share. I'm also curious how everyone else avoids overfitting. + +For now, I exclusively trade equities on the daily timeframe. In all honesty, I do this mostly because its inexpensive to get daily data at this timeframe and easy to execute when the markets are closed. I'm not a software guy like a lot of people here, so I find value in the simplicity. + +You should segment your data into 3 parts. A lot of people do two parts, but I do 3 parts, I also stated my timeframe for each data set: + +1. In-Sample Data (2000-2016): This is how you determine if your hypothesis has any potential at all. I think it is important to test your strategy on the dot-com bust and the GFC. I don't really care to include '98 or '99, because the exponential gains in NDX equities can easily add 5-10% CAGR to this timeframe. I prefer to stay as pessimistic as possible. +2. Out-of-Sample Data(2016-2019): You use this to figure out what kind of parameters work best to support your hypothesis. You can test your optimizations on out of sample data. +3. Hold-back Data (2019-2022): Hold this until the very end of your testing phase. + +My process begins testing on the in-sample data to determine if my idea is dead in the water, or deserves some more exploring. After some tweaks and optimization, I test on the out of sample data set to see if it holds water. Once I get it to a spot that looks good. I do a walk-forward analysis. across these first two periods. + +Walk Forward Analysis: One thing that many overlook: Returns/Drawdown/Sharpe are not that important for walk forward analysis. You already know form your testing that your strategy is going to do OK during this time period. You really want to see all of the optimal parameters from walk forward clustering around the same value. take a MA crossover strategy as example. If in, your walk forward example you see the periods 3, 28, 7, 146, 68, then your strategy is needs to be thrown away, don't waste your time anymore. Even if your returns are good, this still could be due to luck. + +Here's where the hold-back data comes in. Once my strategy is in its final stages. I test it on my holdback data set. This is a pass-fail test. If it passes, I take it live. If it fails, it gets the dumpster. When I first started backtesting strategies, I would find myself thinking I was in the clear by using in-sample and out-of-sample only: + +1. I would torture the data on the in-sample till the little green equity line was a diagonal line going up across the chart. +2. Then I would test it on my out-of-sample, and not be happy with the results. +3. Then go back to in sample, re-torture the data until I finally was happy with my out-of-sample chart. + +Well, now the out-of-sample data is not actually out of sample, you've effectively turned your out-of-sample into your in-sample, and, wouldn't you know it, there is no more data to test on. Having a hold-back dataset ensures that, once its time to put pencils down, you have some more data to show your model. You should really be fighting the urge to go back to tweak your strategy to try to pass the hold-back data set, this will just further overfit your model. + +What are some other reasons your model might fail? + +Survivorship Bias, Fees/Slippage/Taxes, Intra-trade Drawdown, Selection Bias, Confirmation Bias, look-ahead bias, and many many more. These probably all deserve their own posts, I'm not going to get into them here. +See Example 6.1 in this PDF for a problem statement, the case shown is for 2 bets, I have a function for N bets but I am stuck on the max( f(x\_i) ) as my N is typically large (10 - 15) hence very very slow (using scipy from a lambdified simply expression) happy to share the script with anyone interested in helping, its already in a GitHub repo so just comment and I can share the link in a pm or whatever + +&#x200B; + +My steps are insufficient because I do not have a great expression to optimize (it is too complex) therefore I am curious how people would approach this problem / what am I not thinking about!? + +&#x200B; + +If you want to see the code, you can find it at the following GitHub link [https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py](https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py) +I have trained a risk-sensitive Deep Reinforcement Learning agent for Financial Portfolio-Management on Forex and US-Stock markets. The following presentation investigates how the agent learnt an expert-like market-neutral pair-trading strategy and applied that on a large-scale (using all stocks in S&P 500) successfully on a blind test-set. + +[https://www.slideshare.net/KamerAliYuksel/deep-reinforcement-learning-portfolio-management](https://www.slideshare.net/KamerAliYuksel/deep-reinforcement-learning-portfolio-management) +This poll is based upon a great idea (and post) by /u/Crossback2017 which we unabashedly stole with his permission (and gilded for his contribution). We anticipate making this poll monthly for at least sixty days to see what, if any, trends may develop among sub members. + +**Please Note:** This poll is to determine what percentage of your tenants DID Pay. + +Example: You have ten tenants. All ten paid = 10/10 = 100% Paid. + +Example: You have ten tenants. Six out of ten paid = 6/10 = 60% Paid and you should select the 60% to 79% Option. + +There are a limited number of Options that may be created with the poll. As such please choose the cohort which is most applicable to your experience. + +Unfortunately the poll isn't advanced enough to provide information regarding what States sub members are located in and if their operations are based in large, metropolitan areas such as cities or less populated towns. + +It would be interesting to know exactly how many properties (anonymously) each submitter has as well. There is a tremendous difference between an investor with one property reporting 100% paid versus an investor with twenty properties (or units) reporting 100% paid. We work with what we have but please keep in mind that the poll data should be taken with a grain of salt due to the inherent limitations of the poll. Perhaps next month we can create a Google Spreadsheet with additional information to be anonymously submitted for the consideration of the sub members. + +Thank you for your participation. + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/fu2mb2) + Now I don't believe some of the things that I am hearing from people Everybody is talking about this situation like it is the end of the world. + +It is not. 2018 was worse, 48 per cent fall against todays of 41. + +The market recovered. It will again. Also crypto is everywhere now, from sustainable energy to Telecommunications and finance (Ledger, World Mobile Token, Zgsync) a huge diversification from 2018 and I believe at this point it is just too big to fail. + +People will start investing in it again and when that happens everything will go back to normal. Remember 2018 ? + + What happened afterwards and how prices jumped and people couldn't believe how much money they were making, well it will happen now again just have the patience to wait this out and I believe our profits will go through the roof in due time. Wait and see and stop worrying, + + I hope you share my sentiments. +Hi everyone, the market is now behaving in different directions, the dominance of bitcoin has grown, and many altcoins have fallen in price, maybe now is a good opportunity to buy fundamental coins that have fallen in price lately? If yes, what would you recommend to buy? +P.S. already bought: NEAR, SOL, DOT, ETH. +***This post is in light of the recent BlockFi bankruptcy.*** + + +Yes, these centralized exchanges and financial platforms are AWFUL for what they’re doing, but you also have to take responsibility for not being careful. + +You gave these companies the full right to your funds and thus they can block them, seize them, and do many more things without having to inform you prior. +They’re very clear with that and you agreed to it. +Are they excused for what they’re doing? Of course not. Could you have averted this disaster? Of course yes! + +We are the reason these companies have this much power and influence in the market in the first place. +What happened to decentralization and self governance? + +DeFi was the whole concept behind the creation of cryptocurrencies and blockchain. Why is the market suddenly so CeFi centered? + +I don’t get why anyone would prefer CeFi over DeFi when the latter has many more advantages. +For one, you have full custody and control over your funds. + +Secondly, there are many more features to play with. +Compare something like FTX or Binance with something like Gains Network on Polygon. The latter has a MUCH higher diversity in coins. You can leverage much higher as well even with Forex. +Most importantly you dont have to worry about your funds getting legally stolen from you like with these exchanges. + +I certainly feel bad to the people losing money with these centralized exchanges but then again, yall need to start learning. We’ve been warning yall about this for the longest now. +What are the advantages of one over the other in terms of: + +\- tax savings + +\- overall return + +I can't contribute to roth ira due to income limit. Hesitant to put too much money in mega backdoor, since it is After-Tax and I could possibly use rental real estate for tax depreciation. + +For real estate, I can hire a property manager (so don't worry too much about it being an active investment). + +Thoughts? +[https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021) + +EDIT: Look at the AH stock movement :D Those clowns. So glad it's so simple to hodl. 🚀 🚀 🚀 🚀 + +**SECOND QUARTER OVERVIEW** + +* Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter. +* Ended the period with cash and restricted cash of $1.78 billion. +* Ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response. +* Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization. +* Entered into a lease of a new 530,000 square foot fulfillment center in Reno, Nevada, positioning the Company’s fulfillment network to span both coasts of the continental U.S. +* Entered into a lease of a new customer care center in Pembroke Pines, Florida and started building out U.S.-based customer care operations. + +&#x200B; + +Niiiiiiiiiiiiiice :) +I'm sure some of you have heard a little bit about the ORB Strategy whether that be through different online communities or educational content. This is a very simple, easy to use strategy that allows you to see when breakouts or breakdowns are happening on a specific stock. I am going to show you how the strategy works and how to use it as well as give you the studies to put on your ThinkorSwim charts, give you the scanners to scan for stocks that had a breakout or breakdown, and give you an easy to read column to add to your watchlist to see what stocks are breaking up or down. Let’s jump into it! + +How It Works + +There are several ways to trade this strategy but first let's talk real quick about how it works. The way the opening range strategy works is it takes the highest price of a stock within the first 30 minutes of the day and the low of the first 30 minutes of the day and draws lines for both. So let's breakdown a quick example. Say TSLA opens the day at $575, then within the first 30 minutes it has a high of $578 and a low of $571 within that first 30 minutes of the market being open. This strategy will draw a line at $578 and a line at $571 on your chart. Then you can play the chart multiple ways off of those lines, let’s take a look at the most common strategies. + +The strategy will also create a grey box highlighting the first 30 minutes of the day. It will also draw a line at the "midpoint" or the middle of the opening range high and low. + +You can check out the full article and other useful stock information here: [https://news.thebreadmaker.app](https://news.thebreadmaker.app) + +Opening Range Breakout + +https://preview.redd.it/a97et82uq3u71.jpg?width=1456&format=pjpg&auto=webp&s=cb76644517c5821cee1285879535075b255fb815 + +As you can see from the chart above, all the lines and data are already drawn out for you. You can also see the stock break above the red line, that would ideally be your entry for a long or call position. You can then see the stock has a nice run-up after the breakout. This is the most common way to play the ORB strategy. + +Opening Range Breakdown + +https://preview.redd.it/cpi1u0uwq3u71.jpg?width=1456&format=pjpg&auto=webp&s=2115edf7061dcfa48107ecdea78782aa657a761c + +The second most common is the Opening Range Breakdown, this is essentially the opposite of the breakout, you are watching for the stock to break the bottom ORB line and then you would enter a short or put position and as you can see the stock continues to dive lower. + +Opening Range - Support/Resistance + +https://preview.redd.it/zie9evxyq3u71.png?width=1456&format=png&auto=webp&s=dc61df3e335857126c07e1a076ce5d06307f0f04 + +The final way to play this is as an intraday Support/Resistance channel. AIG chart above is a good example of that. You can see how the stock just traded a little sideways right on that bottom ORB and then bounced up off of it. You can play this the reverse way as well if the stock trades sideways up at the top of the ORB. + +***Important Tips:*** + +* When playing this strategy make sure you are utilizing the 5 minute chart. +* When using the breakout or breakdown strategy, DO NOT enter the trade until the 5 minute candle has closed above or below the top or bottom orb. + +Scanners + +I will also provide a scanner that will scan for all the stocks that are above the top ORB as well as all the stocks that are below the bottom ORB. This is great because maybe you don't have a lot of stocks on your watchlist, well this will scan the whole market for stocks and pull all the ones that have a breakout or breakdown. The possibilities of finding a trade everyday are endless! This scanner always finds a bunch of stocks everyday for you to trade. + +Here are all the studies you can add to your ThinkorSwim platform to get started with trading the ORB strategy: + +Opening Range Breakout Chart Study: + +[**http://tos.mx/U3wNJQ**](http://tos.mx/U3wNJQ) + +**Opening Range Breakout(Above Top ORB) Scanner:** + +[**http://tos.mx/OfhG4K**](http://tos.mx/OfhG4K) + +**Opening Range Breakdown(Below Bottom ORB) Scanner:** + +[**http://tos.mx/yHriZl**](http://tos.mx/yHriZl) + +Hopefully you find this information helpful and it makes trading easier for you. If you found this information helpful or have any questions, feel free to reach out to me on [Twitter](https://twitter.com/TheBreadMakerr). +As the title says, should I purchase a vacant lot directly next to the plot with the house I’m currently in contract for ***after*** we close? It would double my actual land value because the plots are identical in size and shape. My future home is appraised at roughly $8,000 for the land only and the second plot is valued between $4,000 and $5,000 based on comparable’s list price and sales history. The neighborhood is stable , balanced demand/inventory, and average list to close is 60 days. It’s a typical urban neighborhood built in the 60’s and 70’s. I’m not sure what the ROI would be but it has access to public utilities. I’m interested in if it would be a good investment. I can petition for adjacent parcels to be consolidated. I probably won’t in case something ever happens to the house, but it’s an option. I’d like the larger yard but only if it’s financially advantageous. + +Edit: Thank you everyone for your perspectives on my dilemma. I’m going to offer asking. Thinking ahead I definitely do not want neighbors that close. Midwesterners can be nosey asf, lol. I’m not concerned about school districts because I have no children and I’m 3 miles from an emergency room and 1 mile from a grocer with a pharmacy. The city has museums and galleries. If those are boring for a weekend night it’s only a hop, skip, and a jump to the next big city. + +Edit 2 / Update: I made the offer the following day contingent on the house closing. We closed yesterday and instead of getting a refund for the overpayments I made on some stuff I only needed to wire the difference between what I already paid for the house while the realtor and closer were still there. The title agency’s closer could verify I made the payment by watching me actually do the transfer and then notarized my wire receipt. That was enough for the agency’s attorney to approve disbursement of funds. + +As I understand it the land deeds for all four parcels were recorded in such a way that the full parcel with the house and two partials are now considered one parcel and the additional parcel as a separate piece of contiguous land so I can split it later if I want. I realize I basically paid the original asking price on the house with some funds being out of pocket and not part of financing, but I don’t mind because I still got a bargain. +Property prices have fallen 4.6 per cent in Melbourne since the COVID-19 pandemic reached Australian shores, while Sydney price falls were milder at 2.6 per cent, but experts warn the housing market will worsen in the coming months as various government support measures start to expire. + +The latest CoreLogic home value figures for August show a 0.4 per cent drop in values nationally over the month with the rate of decline easing and prices in several capital cities either steady or even rising slightly. + +Prices rose most in Darwin by 1 per cent, followed by 0.5 per cent in Canberra and 0.1 per cent in Hobart. Values were down 0.5 per cent in Sydney and 1.2 per cent in Melbourne, steady in Adelaide and Perth while Brisbane prices fell slightly by 0.1 per cent. + + +Sydney and Melbourne are the most vulnerable given their higher dependence on immigration, higher debt to income ratios. Dominic Lorrimer + +"Melbourne is the only capital that hasn't seen some kind of improvement in its monthly results. Every other capital showed either a smaller rate of decline or even a rise over the month, but melbourne was the exception," CoreLogic head of research Tim Lawless said. + +However, Mr Lawless said that it "stood to reason" that there would be further reductions in home values as fiscal support tapers away and more distressed properties come onto the market. + + +Advertisement +"If we don't see any evidence of distressed properties on the market then maybe the housing market will continue to be quite immune to a more material downturn," Mr Lawless said. + +"But we should know the answer to that in the next three months or so as we see the impact of Jobkeeper being wound down and then the six-month check in conversations being had across distressed borrowers." + +Buyer's agent and consultant Edwin Almeida said he was already seeing the "rumblings of a fiscal cliff" with pressure on investors, some of whom were selling multiple properties in Sydney's west. + +"People are selling for a variety of reasons. It's a combination of downsizers and foreign investors. There are some properties in Sydney's west that were bought by investors who wanted to put in granny flats for dual incomes to keep growing their portfolios but there are no tenants so that has put a lot of pressure on housing [in that area]," Mr Almeida said. + +While some properties are attracting plenty of interest and achieving strong prices, the latest auction results from last week showed a number of Sydney properties selling for less than what they were purchased for at the peak of the market in 2017. + +Sydney, Melbourne the most vulnerable +AMP Capital chief economist Shane Oliver said if we weren't still in an "artificial market" propped up by support measures such as JobKeeper and bank payment holidays protecting heavily indebted households and investors, prices would be falling more rapidly. + +"Taking a 6 to 12 month view though our assessment is that further falls in home prices are likely. High unemployment. the collapse in immigration which has reduced underlying dwelling demand by around 80,000 dwellings a year and the depressed rental market will likely combine to drive weak housing demand and increased forced sales into next year," Dr Oliver said. + +"Sydney and Melbourne are the most vulnerable given their higher dependence on immigration, higher debt to income ratios, higher house price to income ratios, greater investor penetration and a possible preference shift away from expensive inner city property," he added. + +Andrew Bartolot, ME general manager home loans, expected this year's spring property market to be much quieter due to the impact of COVID-19. + +“Despite some more listings this Spring and record low interest rates, economic concerns will dampen demand. + +“Plenty of challenges remain including high levels of unemployment, job insecurity and lower immigration, impacting people’s willingness to transact in property. + +“Many Australians are also on home loan repayment pauses. The gradual end of this type of support will be a critical juncture for the property market going forward.” + +CoreLogic figures showed the top end of the market had suffered the most in the two largest housing markets with upper quartile prices falling 3.3 per cent in Sydney from the recent peak compared to falls of just 0.7 per cent across the lower quartile. + +"In Melbourne it's even more amplified with the top end of the market down 7 per cent from the recent peak and the lower quartile down 2 per cent," Mr Lawless added. + +The regional housing markets have continued to outperformed the capital cities. + +“Unlike their capital city counterparts, which usually receive 85 per cent of net overseas migration, most regional markets have avoided the drop in demand caused by the pause in migration," Mr Lawless said. + +"Regional markets may also be appealing for their relatively low density and lower price points. The normalisation of remote work through the pandemic could make proximity +to major cities less of a factor in home purchasing decisions.” + +https://www.afr.com/property/residential/price-falls-cushioned-by-artificial-market-20200901-p55r6o +Hi guys, please let me post this here, and if there is any advice pls comment below. + +TL;DR: Recently I have transfer money to a wrong account in a different bank (CBA to Adelaide Bank). The amount is low 5 figure. And the recipient refuse to pay back the fund. + +Here is quote from the bank: + +“Unfortunately, the recipient customer has refused to return the money. + +What you need to do + +With your permission, we could make further efforts to recover the balance of the money transferred using the trace and recovery process. We cannot guarantee this would be more successful as it depends on the recipient consenting to the repayment. Also, there are fees associated with this process which you will need to consider when determining whether to pursue this option. + +Alternatively, you could seek independent legal advice to find out whether you can recover it another way. + +When transferring money electronically via the internet, please ensure that the money goes to the correct account by checking the details you enter carefully before confirming the payment. + +Please note no Bank fee has been charged for the attempted recovery.” + +Man I’m so sad. Money that I have worked hard for, and it is supposed to be sent to a family member in need. If you have any advice on what I should do, please comment. I appreciate it. Thanks +In August 2021 I had a number of teeth extracted in an oral surgery procedure. They sent me a treatment plan ahead of time that outlined ~$6,500 in fees, with ~$4,000 of adjustments and an insurance estimate of ~$2,000. This meant I had ~$500 that I owed, which I paid at the time of the procedure. + +The procedure went well and I thought that would be the end of it. However, in October 2021 I got an email from the insurance company that I had a new EOB available. I logged in to the portal and saw that the claim(s) were denied due to lack of information (they actually showed two different EOB’s for the one procedure because I guess they split everything into two claims). I called the oral surgeon’s office at this time and was told not to worry and that they would be resubmitting. + +They resubmitted a couple more times over the course of the next few months with the same thing happening, until eventually I saw a claim was approved at the end of February 2022. Now I really thought this was the end of it until I received a letter from the oral surgeon’s office in July saying that I owed ~$1,500 and my account was past due. I reviewed the bill and noticed that insurance paid more for certain line items than the treatment plan stated, resulting in ~$2,000 being paid by the insurance company (in fact the surgeon got slightly more than they expected!) However, because they paid more for the line items, this meant I hit my maximum quicker so the second of the two claims I mentioned earlier was denied. Because of that, there are unpaid line items according to the surgeon’s office. + +I called the office at the beginning of August and got directed to my insurer. There was some back and forth, my insurer called the office, and I was told there was some issue with how the claim was processed and they would submit again. This never seemed to go anywhere though and I got the exact same bill in the mail agin. + +Feeling helpless, I signed up for a program through work called Health Advocate that was supposed to help with this kind of stuff. They looked into the issue, called my insurer, and told me I had met my annual maximum and would owe the rest. I called them to explain further, they called the office, and again told me I owe ~ $1,500. Every time they need to do something though, it seems to take a week and we are still right where we started. Now they are offering to transfer me to their billing savings department but I don’t know if this will help. + +As so much time has passed, I am worried I will get sent to collections. I don’t feel I should have to pay any more out of pocket because the office already got more money from insurance than expected, but I’m wondering if I should just give in and pay to avoid my credit taking a hit and end this stress? Do I have other options? +Living in Texas and suffering through another horrifically hot summer has me thinking a lot about chasing cooler weather and getting into a mountain house. For those who have made the jump or just visited them, what are your favorite mountain locations for the Summer? + +Few things on our checklist: + +* Ski resort area which has plenty of restaurants / shops / things to do +* Still a good scene in the summertime (not just the ski season) +* Proximity to North Texas (primarily looking at New Mexico and Colorado) +* Would prefer it be ski in ski out, but would also consider other options if it has several walkable activities and a reasonably short drive to a ski resort + +We'd likely be renting it out when we are not there, so ideally it's a good rental too. Have about 500k in cash we can put down and open to various loan amounts depending on the home and it’s ability to be roughly cost neutral after covering the mortgage and misc expenses. + +Trying to heed the warnings of many in this sub and not wait till I’ve hit my fatFIRE number before indulging in some nicer comforts.... like non 105 degree temps... + + +“*But, gentlemen of the jury, the good craftsmen seemed to me to have the same fault as the poets: each of them, because of his success at his craft, thought himself very wise in other most important pursuits, and this error of theirs overshadowed the wisdom they had, so that I asked myself, on behalf of the oracle, whether I should prefer to be as I am, with neither their wisdom nor their ignorance, or to have both. The answer I gave myself and the Oracle was that it was to my advantage to be as I am.*” + +\--- + +Before I give up the goods, I’m going to open with a relevant excerpt below from Dr. Trimbath’s book: ***Naked, Short and Greedy: Wall Street's Failure to Deliver***. + +&#x200B; + +https://preview.redd.it/8expfh069cv81.jpg?width=608&format=pjpg&auto=webp&s=bede916bcbc1ce4f8376722fecf6c969e8980d51 + +We’ve come quite a ways from the days of Duckduckgoing ‘how to buy gamestop stock’, and throughout our journey I’ve been often reminded of this explainer from the opening pages of her book. What I’d like to do now is to illustrate in this context what I personally interpret Boston Consulting Group’s role to be in this saga. This will just be the opinion I’ve reached myself after absorbing the full SuperStonk program thus far. Feel free to leave feedback if I’m off base here. + +\--- + +Without trying to link to all the separate 'Due Dilligence's that have helped combine to describe this particular fraudster elephant, (because that’s likely a Herculean effort in it of itself), I will try to summarize the thievery we’ve discovered as I understand it: + +**Before Ryan Cohen, Gamestop Corporation’s board was commandeered by bad actors that purposefully made poor decisions, or no active decisions in many cases that warranted it, in an attempt to guide the company towards the final precipice. These board members were not solo operatives, but were in fact, cohorts in deception with consultants they hired from the Boston Consulting Group (BCG), who also gave bad advice and overcharged in an attempt to be fiscally ruinous. And in turn, Wallstreet, and their many tentacles that have invaded MSM, worked in concert to trash the company’s reputation and simultaneously drive down their share price through naked shorting the stock in egregious excess. Excess beyond even the total free float of shares in existence. The naked shorting being an obligation that dissipates once the tanked company goes under and its stock is subsequently delisted.** + +I don’t believe we should stop looking into BCG at all. They are the contemptible hoodlums trying to damage **OUR** company. The ones, this very moment, expecting payment for shooting us in the chest. We should help our company by continuing to crowd-source diligence that could be useful. + +But after researching for this post, I’ve come to the conclusion that the corruption also extends to many more consulting firms than just BCG. It's wide-spread. And if predatory, disreputable consulting firms are one piece of the fraud puzzle at hand, then that makes BCG just part of that puzzle piece. Maybe one of the most corrupted parts though. + +https://preview.redd.it/1b8e1to6acv81.jpg?width=1600&format=pjpg&auto=webp&s=1aace6a962ea464bf6400c5877e09dd05e4e0585 + +But do you know what’s been bugging me as the biggest problem with this fraudulent disgrace for a free market with the given considerations considered? + +If Wallstreet can make a momentous killing by shorting an ailing company into the Earth, and then never answering for those short obligations, then what’s to stop them from helping any distressed company on out the door in this fashion? What’s to stop them from doing this constantly all over? From considering themselves corporate gods meant to decide who wins and loses? I’d surmise, based on the vigor they’ve displayed with attacking GME, that we weren’t the first case of excessive naked shorts, and that they’ve been confidently shorting and rehypothecating away like old pros for some time now. But there must be glaring evidence elsewhere then if this were the case. Right? Evidence of the entire crime orchestra rocking the house, and playing their individual parts as we’ve come to understand them? + +And so, I bring your attention to what might be the best running contender for ‘crime of the century’. The tragic story of General Motor’s spinoff: **Delphi Automotive**. + +\--- + +This research began because I noticed this was an infamous bankruptcy case, and it ended up [in the stock being delisted](https://www.sec.gov/rules/delist/34-52770.htm). Hmmmmmmmmmm. + +I'm trying to walk the line between a balance of keeping this digestible and succinct, as well as not doing the victims of Delphi an injustice by breezing through the tale too quickly. Because as tax-payers, you and I are victims in this one too. Like usual. + +Allow me to introduce you briefly to the company before we dive into the thievery and grifting analogous to our own stock. + +**Who were they?** + +(From Company-Histories-com) + + **Public Company** + **Incorporated:** 1998 + **Employees:** 211,000 + **Sales:** $29.14 billion (2000) + **Stock Exchanges:** New York + **Ticker Symbol:** DPH + + **Key Dates:** + **1888:** Delphi Auto's earliest predecessor is founded. + **1991:** GM organizes parts holdings into Automotive Components Group. + **1992:** J.T. Battenberg, III, takes the helm at ACG. + **1995:** ACG is renamed Delphi Automotive. + **1996:** Delphi institutes lean manufacturing practices. + **1997:** GM's Delco Electronics is transferred to Delphi. + **1999:** Delphi is spun off from GM. + **2001:** Delphi plans to cut 5.5 percent of workforce (11,500 jobs). + +**Company History:** + +Delphi Automotive Systems Corporation is the world's largest and most diversified manufacturer of automobile components. It was spun off in the mid-1990s from the world's largest manufacturer of automobiles, ***General Motors (GM), which still accounted for 70 percent of its business in 2000***, although it counts all of the world's manufacturers of light vehicles among its clients. The vast enterprise, occupying 190 factories in 31 countries, claims an invention a day, a new product or process every week. Sixty percent of the company's workforce is based outside North America. + +\* + +I also particularly liked this law professor's [piece](https://digitalcommons.law.scu.edu/facpubs/484/), that I found in the University of Santa Clara Law Digital Commons called: **The Delphi 'Bankruptcy': The Continuation of Class War** +**by Other Means**. He managed to distill an excellent summary. Here's an excerpt: + +https://preview.redd.it/8djghjwxmcv81.jpg?width=629&format=pjpg&auto=webp&s=e661597ce1bcc9c03cf469c16b155ce8f2993776 + +Okay, boring but significant history out of the way. If I haven't lost you yet, then here's the nitty-gritty of what a mountain-worth of digging and saving PDF's has culminated in: + +# To avoid pension obligations (as well as to score huge kick-backs for a select few) GM spun off Delphi Automotive with the purpose of going bankrupt. Bought and paid for actors in GM, the UAW (United Auto Workers), and Delphi all colluded to pillage and drain as much value as possible from the company, and sell off the assets and leftovers to Wallstreet. They used Chapter 11 Bankruptcy as the means to pass on the pension obligations onto the American public through the Pension Benefit Guaranty Corp. + + +General Motors installed one of their own, J.T. Battenberg III, to be CEO and he built his board with at least 9 outsiders. Considered a ground-breaking team at the time (they got gassed up in the media, to sell more stock that was later tanked) this in fact ended up being an intentionally awful team that lied about the company's financials to investors and was hit with an [investigation by the SEC](https://www.sec.gov/news/press/2006/2006-183.htm) that led to the resignation of many key figures including the CEO, Battenberg, and CFO, Alan S. Dawes. + + +[EZI has partnered with BCG on multiple projects over the years.. ..](https://preview.redd.it/ni33ne3hqcv81.jpg?width=557&format=pjpg&auto=webp&s=d280feca8d5714f0fe038b3bdae5cf319273bb6b) + +This board had plenty of schemes. + +[Is this the \\"Smart Money\\"?](https://preview.redd.it/j3sog1szxcv81.png?width=1122&format=png&auto=webp&s=a0ba7d50f9e19782c7e9c981af3aa2c05009135d) + +Once the old board was caught lying and steering the company into ruin, they then picked out a new board to replace themselves and then promptly resigned. Lovely right? And guess who replaced them? Bankruptcy extraordinaire, **Robert Steven "Steve" Miller**, also known as 'The Terminator' and 'The Hatchet'. + +[Also from referenced SCU piece](https://preview.redd.it/rw7u2l50vcv81.jpg?width=780&format=pjpg&auto=webp&s=6da120f5f113e76b11861821d759e80f2675152b) + +# Another compelling, corroborating take on Miller: + +https://preview.redd.it/ii5fwwvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=f042233a36898c18c19f3878fde0bb1b352c256f + +https://preview.redd.it/sphukwvx4dv81.jpg?width=1700&format=pjpg&auto=webp&s=ac4980bbab44534bc3859548681987c9ed306d03 + +https://preview.redd.it/qywehawx4dv81.jpg?width=816&format=pjpg&auto=webp&s=efdf4784f9e4f436aea60b6520a4030fb81d752f + +https://preview.redd.it/111dswvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=0fb7e9c38cc697ed1c076ee6ece198e53681e1d8 + +https://preview.redd.it/1t2tpyvx4dv81.jpg?width=1699&format=pjpg&auto=webp&s=bfe9d5f8cb49f49f55b143e2c470dc37816df590 + +\--- + +I almost made this post last weekend, but then I stumbled onto the revealing book: **Autoworkers Under the Gun,** by labor activist Gregg Shotwell. He worked manufacturing for GM on the groundfloor and witnessed and fought against the crimes perpetrated throughout the entire saga. I didn't get far into his book before realizing it was a vital resource, and by posting before I had finished it I risked missing an opportunity to feel up a new mysterious angle of the elephant. + +Reading Mr. Shotwell's chronicles shook me. His voice was humorous and familiar, but the tale was sad. I will gladly risk any credibility I possess by vouching that he is just as Ape as any Ape here in SuperStonk. Here's how he feels about Steve Miller: (the sample from his book is for educational purposes like all my samples): + +https://preview.redd.it/2y3xqbpfxcv81.png?width=2300&format=png&auto=webp&s=e486bf980a91e2cc338bd9645a6ed6e5e46347e4 + +He fought hard and rallied many others. He had a website and organized picketing and strike events, and so much more. With the help of the Wayback Machine I found many entries on his now dead website soldiersforsolidarity. + +&#x200B; + +https://preview.redd.it/89cv7lvjycv81.jpg?width=4327&format=pjpg&auto=webp&s=67dbc64d5b6f1a646221e7da5665da101ebf3f2e + +https://preview.redd.it/677xo0skycv81.jpg?width=1199&format=pjpg&auto=webp&s=ab4e967aacbbb51a3b769786917474c8e7409c35 + +# I'd like to review what we're looking for with this post before we get lost in the Delphi weeds so to speak here. Bad board? Check. Bad consultants? Also check. Here's the Detroit Insider on that: + +https://preview.redd.it/esj8vbx6zcv81.jpg?width=3128&format=pjpg&auto=webp&s=e969e0961ba6e0c1b5d7c39e7e0dbea4140cc425 + +https://preview.redd.it/x3131u18zcv81.jpg?width=566&format=pjpg&auto=webp&s=0029eaad8115cf2a3c22cd104efb5c541e6a1939 + +https://preview.redd.it/t303ieu8zcv81.jpg?width=559&format=pjpg&auto=webp&s=9b6b3b1844cd78a962f0909e0b64673af21bc80d + +https://preview.redd.it/dae1l5gazcv81.jpg?width=658&format=pjpg&auto=webp&s=df9a20056f80f3c17c761f867281ff5f613d45c3 + +# Negative interference from Wallstreet? Check. Mr. Shotwell has us covered on that too: + +https://preview.redd.it/fcraxouj0dv81.jpg?width=690&format=pjpg&auto=webp&s=87141bc66cfa1a58e026c136f6bfeea95665266a + +Mr. Girsky also was on the board at Nikola Corp. You know, the one that was caught frauding investors recently? + +Did GM's stock also get delisted in 2009? [Delisted, yeah.](https://money.cnn.com/2010/11/17/news/companies/gm_ipo_pricing/index.htm) + +Also look! BCG helped out! + +https://preview.redd.it/zytdudhf2dv81.jpg?width=1700&format=pjpg&auto=webp&s=b3f52ca7c53647e0e274fc2dcdb013f31bd8014e + +# I have so, so much more on this story, but this is already running long. And I've reached my max picture limit. I can't wait to hit post and have to add all the pictures back when automod rejects this in a moment for one reason or another... .... + +One last fun read for you that ties Mitt Romney and Bain Capital into this mess too. [Here's the article.](https://www.thenation.com/article/archive/mitt-romneys-bailout-bonanza/) + +Also a fun little tie into Koch Industries in that article as well (haven't forgotten about you, Charles) + +\--- + +**I had intended to make a second post that explored where the grifters went next after pillaging Delphi and her workers. But after some hesitation.. I've decided to just give a sneak-peek of what kind of red-yarn littered post that would be like here below, and if there is interest in the comments, then I'll go ahead with the write-up.** + +**Example**: I can connect this whole saga to GME with one long piece of yarn through the disgraced ex-CFO, Alan S. Dawes. + +Look up just about any of the companies he served on the board for, and you'll see they went bankrupt. Let's look at one called **Nine Point Energy LLC**. for giggles: Yup, bankrupted with Mr. Dawes onboard. Chapter 11. +Also on Nine Point's board is a **Patrick Bartels Jr.** of Invesco. You know, the guys with the Invesco QQQ Trust 1 or whatever, that Citadel Advisors is balls deep in? The same Invesco that the previous CEO Richard Wagoner of GM (yep the same pre-big federal bailout GM we just read about) is on their board as well. + + +**TLDR:** Our fight is not new. The playbook used against us has been refined and tuned for some time. But we have leverage that Mr. Shotwell of the auto industry did not. They **WERE** the means of production in their fight, they were the leverage, and that made striking so useful in the way of getting workers their fair share. But all GM and Delphi had to do was lock the workers out of decisions, pander and grandstand with lies to distract them, deploy careful legal footwork with chapter 11 abuse, and move the means of production out of country. They lost their leverage. + + +Our DRS'd shares are our leverage, and don't you let them go for anything under fair price (refer to [gmefloor.com](https://gmefloor.com)) We will not have another chance at this. Be strong for those that came before us, for yourself, and those that come after. +I use a Capital One 2% cashback card on my Amazon account. Today I noticed Amazon offered me the opportunity to use my CapOne cashback to pay for my purchase. It seemed tempting to get my product for “free,” but I realized I wouldn’t get the 2% cashback. I used my card instead. + +I always apply my cashback to my card balance. + +It’s small, but every little bit helps. People who use that option probably put tens of millions back in CapOne’s pockets every year. + +EDIT: Wow, never imagined so much response over such a small suggestion. For the many who suggested the Amazon 5% card, yes, I know it exists. Mine is a business cash card and it provides me more return overall. Also, some points-based cards provide a financial advantage on certain purchases and some cards pay you for "paying" your bill separately (mine doesn't). Anyway, just be mindful of how your card works and how to get the most out of it. +In order to choose an action - we need to calculate the expected value for each action and choose the best one. + +- **ActionA**: 1m$ 60% and 0$ 40% thus ExpV = **600k$** +- **ActionB**: 100k$ 99% and 0$ .01% thus ExpV = **99k$** + +So, it seems like ActionA is preferable, assuming that every 1$ has equal value. + +But, we are scared of ActionA. And I guess it could be partly because we understand that the previous calculation is wrong, because it doesn't take into account that 1$ is not always 1$. + +Because **we don't care about the dollars, we care about how much value for our life we can get from it**. And first 100k$ is vay more valuable than the rest 900$. Let's say the real value **(real$)** of 1$ is 1$ in 0-100k$, 0.5$ in 100k$-500k$ and 0.1$ in 500k$-1m$. + +Now the expected value is different, because the original 1m$ became 100k$ + .5x400k$ + 0.1x500k$ = 350k(real$), and the calculations became different: + +- **ActionA**: 1m$ = 350k(real$) 60% and 0$ 40% thus ExpV = **210k(real$)** +- **ActionB**: 100k$ = 100k(real$) 99% and 0$ .01% thus ExpV = **99k(real$)** + +So, it turned out that the real value of ActionA is not 600k(real$) but only 210k(real$). + +What are the proper way of doing such kind of calculations? How to figure out the (real$)? I guess it will be different for different person, depending on the life goals, but still there should be some way to access and quantify it. + +P.S. + +I omitted the risk of ruin, maybe it also should be somehow quantified and incorporated. +EDIT: thank you for the insight, everyone! I will stick with the standard two weeks. + +I recently got an offer for 60% more than I make now, and as much as I like my current employer, I signed and start in January. + +This company and both managers I've worked under have been excellent and I worry about leaving them in a bind (there's someone that could be trained to take my spot, but it would be a while before she's autonomous). I would like to maintain professional connections as much as possible. + +I *think* I could give notice now and still stay through 12/31, but I'm out a few thousand dollars if it doesn't pan out that way. Does it make more sense to wait until the two week mark and just bust my ass for them during that time instead? +Apologies if this has been answered before, I did my best to search but didn’t come up with much. Disclosure, I don’t have this money (I wish I did) but I have a theoretical question. For all the over night Shiba millionaire and billionaires, are they able to cash out? I understand there are fees and taxes but if someone’s $2000 investment was worth $100,000,000 could they just transfer it to another coin and cash it? Could they cash directly from Shiba and would it be worth the value that shows in their portfolio? I have a high school acquaintance on Facebook who had $3000 invested and he’s now flaunting it all over social media calling himself a billionaire showing screenshots of his wallet. Is he really? Thanks for any info. +This isn’t r/wallstreetbets but it seems like y’all have turned it into that sub since everyone is polluting this sub with gain posts. + + +I’m sorry to break it to you but no one here really gives an f, and you’re just instigating fomo. People who are newbies are gonna be led by false hope and follow a lottery gamble style of trading over consistency. + +If you want to post gains there are so many other subs and I’m in them, I like them. The thing is though that this sub isn’t meant for that, so please don’t post here. + +Message to mods: come on y’all gotta be stricter with this, Ik it’s a fairly recent problem but if you guys could help try to limit bragging posts it’d Keep the sub clean + +Edit: specific reasons to limit bragging posts + +• ⁠instigates FOMO + +• ⁠misleads beginners + +• ⁠pollutes sub with gains posts + +• ⁠does not provide any educational benefit (most of the time, sometimes it does, but a lot of the ones I see on here don’t) + +• ⁠detracts from focus of sub (focus is literally stated to be strategies, Greeks, discussions, etc) + +• ⁠there are other places to brag about gains on reddit, but not any other options focused subs (at least not as well built as this one) +Hello you beautiful bastards. Since the Q1 results are right around the corner, I thought I could share some of my limited financial analysis knowledge with you. I know your tits are as jacked as your brains are smooth, so bear with me. This will be fun, I promise! + +&#x200B; + +[And on we go...](https://preview.redd.it/yie61c2ako371.jpg?width=1289&format=pjpg&auto=webp&s=d6e4b460995a0b1adf7e59a1a5f2f89d83f569f0) + +Let’s start with the Balance Sheet. + +**What is a Balance Sheet?** + +Just like you take a selfie and post it on your social media, a Balance Sheet is basically a snapshot of a company at a given point in time. It shows the company’s Assets, Liabilities and Equity (The relation between these three is : Assets = Liabilities + Equity). In short: What the company **owns** and what the company **owes**. Pretty simple right? That’s fucking right, we got this! + +&#x200B; + +https://preview.redd.it/0dsflzgmko371.jpg?width=500&format=pjpg&auto=webp&s=367a777a7394eadff953c0c8ef1e3cd4912cb5bc + +# IGNITED BREAKDOWN OF THE BALANCE SHEET + +The Balance Sheet, as I was saying earlier, is split in the company’s Assets and Liabilities + Equity. The order each of these appear in any Balance Sheet is usually: Current assets -> Non-Current assets -> Current Liabilities -> Non-Current Liabilities -> Equity. Sometimes the Equity comes before the Current and Non-Current Liabilities. It depends on the FS format. + +Let’s see what each of these items consists of, and give a simple description for each component: + +**Current assets - these are the most liquid assets that GameStop has. Think of them as the easiest stuff you can sell for cash $$. The current assets in the case of GS are the following:** + +* Cash and cash equivalents - money and stuff that can be most easily converted to money +* Restricted cash - consists primarily of bank deposits that collateralize the Company's obligations to vendors and landlords (guarantees in the form of cash) +* Receivables, net - Money that is due to GameStop from customers, from sales of goods/services +* Merchandise inventories - inventories of physical goods (games, consoles, collectibles etc.) +* Prepaid expenses and other current assets - Pretty straightforward +* Assets-held-for-sale - The Company's corporate aircraft which was sold in 2020 for $8.6M + +Whenever I look at current assets I am very, very interested in Cash and cash equivalents, Receivables and Inventories. Preferably, a company has little to no inventories, a lot of receivables (with a good DSO - we’ll talk about this another time) and a lot of cash. Let’s remember “CASH IS KING”. If a company has cash, it can meet short term debt obligations or expand/transform/invest. Having money is always a good thing because it gives you the ability to continue growing, to pivot to a different business model or to survive in case of an unforeseen event (such as the COVID 19 pandemic). + +&#x200B; + +[CASH IS KING](https://i.redd.it/dv55mf61lo371.gif) + +**Non-Current assets - these are assets that are not so easily converted to cash:** + +* Property, plant and equipment (PPT) - the loads of buildings, land and equipment that GameStop has. +* Operating lease right-of-use assets - all contracts that permit the use of an asset but do not convey ownership rights of the asset. Not sure what more to say about this, as it is not detailed in the GS Financial Statements Notes. +* Long-term restricted cash - same as the short term restricted cash, except it’s corresponding to a period longer than 1 year. +* Other noncurrent assets - Pretty straightforward, not detailed in the Financial Statement notes. + +The main focus here for GameStop, are the large number of stores worldwide. Pretty big fucking value in the land and buildings GS owns. + +&#x200B; + +[They're everywhere!](https://preview.redd.it/dkzlhlejlo371.png?width=1351&format=png&auto=webp&s=4d552c594da31b77f2d30c831f75251ac29a45b2) + +**Current liabilities - this is the debt that GS must pay in the short term (less than 1 year):** + +* Accounts payable - money that GS must pay in the near future to suppliers for goods and services +* Accrued liabilities and other current liabilities - money that must be paid for goods and services corresponding to a specific period + other current liabilities not detailed in the Financials. +* Current portion of operating lease liabilities - rent that GS must pay for some HQ locations in the short term +* Short-term debt, including current portion of long-term debt, net - short term loans +* Borrowings under revolving line of credit - “The Revolver” line of credit from bank + +Big focus on all of these. Debt has been a big decision factor for these hedge funds to short GME (besides their greed and stupidity). From the looks of it, GS appeared to be unable to meet its short term debt repayment due to the COVID 19 pandemic. Based on this, hedgies went all in, and thought that their infinite naked shorts + MSM FUD will make this a very very safe and profitable venture. They were very wrong. + +&#x200B; + +[Yay!](https://preview.redd.it/5ujkunw1no371.jpg?width=730&format=pjpg&auto=webp&s=e641386ab575f08de06428e8ede3c2d921785935) + +**Non-Current Liabilities - this is the debt that GS must pay in the long term (period longer than 1 year):** + +* Long-term debt, net - These are the 2023 Senior Notes principal amounts. This is the debt that needed to be repaid by GS before they were allowed to start transforming their business or issue dividends. +* Operating lease liabilities - This is the long term rent that GS must pay for some HQ locations in the long term according to their contracts (these lease contracts are usually signed on longer periods of 5+ years for better prices) +* Other long-term liabilities - Other long term liabilities not detailed in the Financial Statements + +The main point from the Non-Current Liabilities is the Long term debt. We’ll get to the analysis in a second. We still have one more component of the Balance Sheet to discuss. + +&#x200B; + +[So many strings attached for Senior Notes it's not even funny.](https://preview.redd.it/5m28qbggno371.png?width=750&format=png&auto=webp&s=fb69ede751eb7f1ff0e6a6acdbdc0f355aa4f6a4) + +**Equity - This is the corporation's owners' residual claim on assets after debts have been paid.** + +&#x200B; + +# IGNITED BALANCE SHEET ANALYSIS AND 8 BALL PREDICTION + +Okay you beautiful bastards, you’ve read so far and I am really proud of you. This shit is not easy to understand on the first read, so I tried to summarize it below in a picture with colors (even though I know you can’t read): + +&#x200B; + +[Pretty colors make me happy!](https://preview.redd.it/lzj9p4qlno371.jpg?width=1150&format=pjpg&auto=webp&s=17fd4d237b65deec63aab14de91f7e2109a59cf3) + +**Let’s get in the middle of it.** + +In 2020 and 2021 Gamestop made a couple of god-tier fucking moves, some of them thanks to people like you and me who like the stock: + +* Sold AIRPLANE (Assets held-for-sale) which means more CASH. YAY! +* Sold 3.5M shares, raising around $551M more CASH. YAY! +* Repaid 100% of all short term debt. FUCK YEAH! +* Repaid 100% of long term debt - 2023 Senior Notes principal. OMFG WHAAAAT? + +That’s right, you amazing knowledge thirsty apes. They fucking did it. The 2023 Senior notes were basically the chains that were holding GS from fighting back against the hedgies and taking the company in a new direction: + +>*“The indenture governing the 2023 Senior Notes contains restrictions on the ability of us and our restricted subsidiaries to incur, assume or permit to exist additional indebtedness or guaranty obligations; declare or pay dividends or redeem or repurchase capital stock; prepay, redeem or purchase certain subordinated indebtedness; issue certain preferred stock or similar equity securities; make loans and certain investments; sell assets; incur liens; engage in transactions with affiliates; enter into agreements restricting the ability of subsidiaries to pay dividends; and engage in mergers, acquisitions and other business combinations.”* + +Now GS is free to go wherever they please (not unlike Mundo). And they have a shitload of cash to do it, and little to no debt: + +&#x200B; + +[I like money!](https://preview.redd.it/p52bexdsno371.jpg?width=1150&format=pjpg&auto=webp&s=f0c2561305bd6b2d3e20eeec2883cf98b1b0f7b1) + +These few moves deal a huge blow to liabilities and a huge boost to assets. And not just any assets, but to current assets. + +As I was saying earlier, current assets are the star of the show in the Balance Sheet du Soleil. CASH IS KING and GS has a lot of cash right now and no debt. This means GameStop now has a very, very good WORKING CAPITAL. + +Working Capital, also known as net working capital (NWC), is the difference between a company's current assets and current liabilities. So if the company has more current assets than current liabilities, then we have a positive net working capital, meaning that the company can cover short term debt. If the net working capital is negative, then the company is unable to pay all short term debt. GameStop should have a huge positive net working capital in Q1, especially since I’m sure Ryan Cohen has made some moves already, and so did you beautiful apes. I know you have been buying from your local GS since January, and I couldn’t be more proud of each and every one of ya! + +I think we should be seeing something like this in Q1, but this is just speculation on my part: + +&#x200B; + +[I mean, I'm not like an expert, like uhm, this is my opinion and stuff.](https://preview.redd.it/cwyyjx5xno371.jpg?width=1150&format=pjpg&auto=webp&s=57733adc7fa04d9776828ee9270ca89c951c160b) + +I think Ryan will want to maximize inventory efficiency to compete with Amazon by offering 1-day delivery for all goods. This means a slight decrease in overall inventories on the balance sheet. This, together with the recent support from apes and publicity should boost Receivables quite a lot in Q121. GameStop, although it has a lot of money right now, might want to reduce prepaid expenses and try to maximize their DPO and get as many extended payment terms from their suppliers. + +This quest for inventory efficiency will most likely decrease the PPT part of the non-current assets. Multiple stores in the same area will not be needed anymore if the demand in that region is not sufficient. Sadly, as a result, some shops might be either sold or rented, which will further increase the Cash position or the Operating lease right-of-use assets position. If the locations are not GameStop’s property, and are instead leased, then we could see a decrease in short term and long term rent. This is uncertain, since the contrary could be true as well... higher demand in a region or multiple regions would mean more GS stores will open to cover them. + +The Accounts Payable position will most likely increase as well because of all the new changes and investments being made. Perhaps Q1 is still too early to see this increase, but in Q2 and Q3 we should definitely see a rise. Same goes for accrued liabilities and other liabilities. + +&#x200B; + +[Planning to fail means failing to plan. Wait..](https://preview.redd.it/3da0iw5roo371.png?width=1600&format=png&auto=webp&s=f6ed81a2f65574671f9eed3a9104458767eb4433) + +# IGNITED INCOME STATEMENT ANALYSIS + +So here it gets a bit tricky. Because we don’t have data about net sales in Q1 (or the expenses), we won’t be able to predict the numbers. But that doesn’t mean we can’t go through an Income Statement and understand what each element represents: + +**Net Sales** \- Total sales minus discounts, returns or allowances due to defects of products. Basically, how much the company is selling. The higher the net sales, the more reach the company has and the more income it should be able to generate (at least theoretically). + +**Cost of Sales** \- The cost of sales refers to what the seller has to pay in order to create the product and get it into the hands of a paying customer. + +**Selling, general and administrative expenses** \- Include all everyday operating expenses of running a business that are not included in the production of goods or delivery of services. Typical SG&A items include rent, salaries, advertising and marketing expenses and distribution costs + +**Goodwill and asset impairments** \- Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on financial statements exceeds its fair value. This is a bit complicated and not that important to be honest. + +**Gain on sale of assets** \- A gain on sale of assets arises when an asset is sold for more than its carrying amount. + +**Interest expense, net** \- An interest expense is the cost incurred by an entity for borrowed funds. + +**Income tax (benefit) expense** \- Gotta pay the taxman. + +**Net income/loss** \- The company’s profit or loss for the quarter/year + +Reading the Income Statement is pretty straightforward. You start with the total sales of a company and then you start to subtract all types of costs incurred + taxes. If at the end of it, you still have a positive amount, then you just made some profit! Congrats. If the amount is negative then you have a loss. Sad panda :( + +In FY20, GameStop had a net loss of $215.3M, mostly due to the COVID 19 pandemic, but also because its business model was outdated and inefficient. It’s really impossible to try to guess what the Q1 Income Statement will look like, so I will not speculate further. The Balance Sheet was a different story, since we had access to trustworthy information regarding sales of shares and debt repayment directly from GameStop. + +When the Q1 Financial Statements hit, I will try to do a full, in-depth analysis and post it here. I am by no means an expert, so please take anything I say here with a grain of salt. I appreciate any feedback you may have, and I can update my post if you want me to add something. All you have to do is comment or DM me. I am more than happy to increase my knowledge, as I am sure there are many apes smarter than me here. + +And remember: OOK OOK. + +&#x200B; + +[Monke see, monke do.](https://preview.redd.it/4bdggyb8po371.png?width=1920&format=png&auto=webp&s=def5ccd0dcf4fa0ca03147e77c73f5b2bb2616f6) + +**TL;DR : Gamestop has a shitload of cash and no more short-term and long-term debt. The only material long term debt remains that from rent contracts for offices and shop locations across the US. This debt is also most likely going to decrease because of remote work as well as leasing contract terminations or re-negotiations due to an inventory efficiency update that Ryan must implement in order to be able to successfully compete with Amazon on the gaming goods and merchandise segment. The company has finished the repayment of its 2023 Senior Notes principal, leading to the metaphorical breaking of chains that were holding the company back for so long. With new leadership, a modern approach, a clear plan and a GOD TIER TEAM, as well as a global loyal customer base that likes the stock, not to mention the free publicity the brand got for the last 6 months, GameStop is now going to show these so called “ANALysts” from MSM, what real fundamentals are and just how high the price of GME can go.** + +**This is not financial advice, so don’t act like it is.** +Like the title says, how much are you paying? What phone and plan does it come with? Which network is it with? + +Not sure which phone and contract are the best value for money, so I'm just trying to find the cheapest alternative! +Apparently it has to do with the fact that the people there are less productive because the don't have technology. +Still, an outsourcing business would obviously have an incentive to provide the foreign workers with equipment and machines to make their work more efficient for the same price. +&nbsp; +So even with employees that have the same productivity as richer countries, they still get paid less; why? +&nbsp; +A worker in Japan can make **100** units an hour because he has a machine and equipment to help him, +while a worker in Zimbabwe doesn't have access to those resources so he only is able to produce **10** units an hour. +Here it makes sense to pay the Zimbabwe dude 10x less than the Japanese one, but he has to give up on the opportunity cost. +&nbsp; +If the company now provides the Zimbabwe guy with all the stuff the Japanese guy got, his labour is still cheaper even though productivity went up. +I'm asking because I'm thinking of horrible scenarios where people had all of their life saving in a currency one day, and then the next it turns out their money is no longer valuable. + +Is there something special about US currency that makes it better than other currencies? + Hello, so do economists take Paul Cockshott seriously? I saw that economists don't seem to take Richard Wolff seriously from a previous post here. + +[https://en.wikipedia.org/wiki/Paul\_Cockshott#Published\_works](https://en.wikipedia.org/wiki/Paul_Cockshott#Published_works) I thought he was well known for his disproving of the Economic Calculation Problem in Towards a New Socialism. He appears to have many citations. + +[https://scholar.google.com/citations?user=eDREwZMAAAAJ&hl=en](https://scholar.google.com/citations?user=eDREwZMAAAAJ&hl=en) +[This post](https://www.reddit.com/r/nottheonion/comments/r63qyi/comment/hms22ej/?utm_source=share&utm_medium=web2x&context=3) from make several claims that I was wondering about. For example: + +>as world inflation keeps rising (which it has, literally just look at the inflation graph for any currency since 1940) the cost of these social services increases, but the amount they earn in taxes is not going up to match the amount they need to spend on these services + +&#x200B; + +>This is unmaintainable, eventually the interest payments will rise above the total income from taxes, and they'll default on their loans. + +&#x200B; + +>The result? They simply cannot pay for the programs anymore and those programs stop. + +Subsequent posts contend that annual income tax growth is linear, whereas interest payments on (government) loans are increasing exponentially because they increase with inflation. This is taken to mean that eventually interest payments will eventually outpace tax income, resulting in the collapse of government social programs, chaos, etc. etc. + +My questions - as a relatively economically-illiterate layperson - are as follows: + +1. Is there any truth to any of this? +2. If so, what - if anything - can be done to ameliorate this situation? +https://fivethirtyeight.com/features/what-do-we-know-about-trumps-re-election-chances-so-far/ + +"natesilver: I’m not an economic forecaster, but I know that the economy is mean-reverting, meaning that since it’s good now, it’s more likely to get worse than better." + +Is Nate Silver correct in saying that the economy is mean-reverting? +I saw an article about US Homeland Security online and someone posted a comment saying it was ridiculous that after one attempted shoe bombing that failed to damage the plane that every passenger had to take off their shoes, and that the economic cost of the policy must be many billions of dollars. Do you agree? +For example, if an economy grows by 50% does that mean it also uses 50% more resources? And if that's the case how is the economy supposed to perpetually grow in a finite system like the earth? +I found this courses: + +https://mises.org/mises-academy/austrian-microeconomics +https://mises.org/mises-academy/austrian-macroeconomics + +Why is the "austrian" school of economics so "self-distancing" from the others. + +Best regards. +Every time I look at my graphs in class I get overwhelmed and confused on what each one is trying to say. What is the best way to read the graphs and decipher what it’s saying? +So we have a term for the gig economy to describe uber, lyft (for transport) and airbnb (for short lets). What about one for companies that make money from other people's content while producing zero content themselves? + +Comcast that owns NBC Universal. There's other huge media companies like Disney and Warner Media, they make content and are financially dependant on commissions and in-house production. Netflix and Amazon Prime don't make any content beyond their token gesture that's loss leading and they could spend zero money on in-house productions and commissions and still be financially viable just because they harvest up virtually all the content (well in 2012 anyway). The same goes for how EMI, Universal Music, Sony Music and Warner Music invest money into the creation of music, and Spotify, Tidal, Deezer, Amazon Music spend zlich or hardly anything towards the creation of new music. + +Is there a term we can use for these digital content parasites, that take everything to lease out the content temporarily (because they don't let you own it from buying it) all while contributing nothing towards the content creation? Something catchy? +Im a fairly average high schooler, so I really have no background in economics. + +In Parks and Rec, Ron Swanson believes that the government should have no interaction with the economy. To let it run wild, laissez faire. Essentially, the businesses that make a profit will survive and those that don’t will go bankrupt. Correct me if I’m wrong, but this is essentially what we have in America, capitalism. + +However I don’t understand why a monopoly is so bad if it is the direct result of capitalism. Now I don’t necessarily know the full extent of trouble a monopoly can have, however I’m wondering why in an environment where the best business succeeds, and the rest die out unless they can a make a profit, should the government have to interject if it’s not supposed to regulate it. + +Hopefully you guys can help me understand! +I read this article here: http://www.aljazeera.com/indepth/opinion/2014/08/exposing-great-poverty-reductio-201481211590729809.html + +I was linked it in another thread. It goes against mainstream thought. My question is what merit is there to his argument? + +I’ve been trying to wrap my head around this with no success. + +I understand that ‘wealthy’ is a relative term but in this context I’m using it to refer to a high standard of living. From an economic perspective can the entire world achieve that or is it necessary for some of the world to have a low standard of living? + +In particular I’m wondering about wealth creation through mechanisms such as the stock market. If everybody in the world were investors in a bullish market would the global increase in wealth have any effect on overall quality of life or is it all relative, ie poor people would still be poor even though they had more money? + +I might not be thinking about this in the correct terms but I’d love some insight! +The trade tussle between China and Australia has taken a dramatic new turn. Chinese buyers of apartments in Sydney and to some extent in Melbourne have suddenly reduced their buying. + +Early in the year, when COVID-19 was ravaging China, there was a sharp reduction in the Chinese apartment buying. But in March, as the crisis eased, Chinese buyers returned in significant numbers in Melbourne, Sydney and Brisbane, despite the threats from the Chinese ambassador. While the buying is being executed by locals, they have close links to those on the Chinese mainland. + +But suddenly, as the crescendo of controversy over Australia’s role in calling for an independent investigation of COVID-19 intensified, the Chinese buying was curtailed. Last night the owner of Australia’s largest apartment owner and builder, Meriton’s Harry Triguboff, confirmed that the Chinese buying had fallen off. + +No one can be sure but it would seem that this is a third warning shot for Australia following the hold up of meat from four abattoirs and the 80 per cent tariff on Australian barley. + +But apartments are different because the buying is driven by individuals, often linked to local Australians. Significantly the buying has not stopped, but reduced. + +That April buying also led to optimism for the long-term future for Chinese students studying in Australia. The latest fall adds to extra risk in our tertiary student sector. + +First home buyers hit + +The contraction of Chinese buying comes at a bad time because Australian buyers, and particularly first home buyers, our now only token players in the market. + +At the start of the year and they were strong but the jobs impact of COVID-19 has been severe. + +While Meriton is continuing with projects already started, the great inner city apartment building boom in Melbourne and Sydney is now well and truly over. To restart it will require a whole new approach by regulators and state governments to slash the costs that they impose. There are some signs that NSW has finally woken up but it has taken far too long. + +Meanwhile the value of apartments has fallen markedly and COVID-19 restrictions have substantially reduced the ability of Australians to pay rent at the levels they once had. + +In many areas of Australia, led by Sydney, rents down about 20 per cent in apartments and many cottages. If rents stay down, this will build up selling pressure from those with highly leveraged investment properties who are currently benefiting from banks not foreclosing. + +Many Australians have been unhappy about the upward pressure the Chinese buying has exerted on dwelling prices. The withdrawal of Chinese buying plus the multitude of other forces is causing banks to forecast a minimum of a 10 per cent dwelling price fall. Such a fall will cause those Australians who bought at the peak and have high mortgages to suffer. + +A troubled relationship + +As readers will be aware I have a different view about the China situation to the current politically correct version of events. + +First prime minister Scott Morrison was right in sticking to his guns in demanding an international inquiry into the causes of COVID-19. Despite pressure from the Chinese, his global initiative will have increased our international reputation. Paradoxically this is confirmed by the somewhat irrational and angry outbursts of the Chinese Australian ambassador. + +But what’s now important is that we are much more careful about how we handle the Chinese situation. We are dealing with a country that would defeat the United States in a sea war according to a series of “eye-opening” war games carried out by the Pentagon. + +And China is a country that now recognises this new military power so is becoming increasingly aggressive towards its neighbours. + +For Australia it’s one thing to demand an independent investigation of the COVID-19 origins and another to constantly demand China become more democratic and treat its population differently. + +Past ALP and Coalition leaders have performed badly on this front and we are carrying the legacy. + +The relationship between Australia and China is different to that between China and most other countries in our region. + +China depends on Australia for iron ore metallurgical coal and to some extent gas. + +Longer term the Chinese are greatly concerned at their inability to grow sufficient clean food to feed their population. + +That’s why the barley and beef actions may be temporary, although in the Chinese eyes we have to be “taught a lesson” for our “ lecturing ” that started way back in 2008 so more measures are likely. + +We should not forget that China has had issues with Australian meat labelling for a long time. + +China looks to Australia and New Zealand as important food sources and, because of our excellent handling of COVID-19, we have become unique in the world + +If they are allowed, Chinese students and longer term Chinese tourists will want to come to Australia and they are clearly still interested, on a personal basis, in buying property in Australia. + +We are dealing with a more dangerous China than the one that existed five to 10 years ago. Accordingly we must be more professional in how we handle China and it’s really important that we learn the lessons of World War II. We need to be a reliable supplier to boost our bottom line and we must not retaliate by duplicating the supply bans that were placed on Japan. But we can also learn from World War II and have much higher degree of local manufacturing and that requires efficient production of energy as well as lower emissions. + +https://www.theaustralian.com.au/business/economics/chinese-apartment-buyers-cooling-on-sydney-and-melbourne/news-story/915d8ed62ea272abf88aa19ded5e4e87 +I have been able to save up **$180,000** since I started working 4 years ago on my moderate \~70k p.a salary taking advantage of living with my parents (last year I had saved 45k from my 78k gross salary). + +I had been looking at houses/townhouses (First home buyer, owner occupied) occasionally but now I have a time frame of 9 months to find a place its getting abit more serious; I have had a loan pre-approval meeting with the CBA and only been **offered maximum 450K.** + +I had been looking at places in the 700-800k mark in western sydney which were still close to work and easy enough access into the CBD. Now realising I will have to adjust to only being able to go a 600k place it's looking like I'll have to live further from work and a longer commute to the CBD. + +I would have thought I would get well above a 450K loan. I had tried to save up as much as possible, barely had any social life and have taken no annual leave/holidays in the past 4 years yet it still seems I haven't made enough. + +Was I just being unrealistic in my hopes of a 700-800K place? +I've had to apply for jobseeker for the first time and noticed that for the last two reporting periods an old employer that I have had no contact with for over 10 years have reported paying me income to the tune of about $1000. I can't fathom a reason for this other than they're using old employees to try to get the extra JobKeeper payments from the government and are pocketing them? This will obviously affect my jobseeker eligibility, what is the best way to approach this? Try to get in contact with ex-employer, Centrelink, or is there another department this should be referred to? TIA + +Edited to add: I have not received any money from them. +Yesterday, we handed some of these out to employees at the local GameStop’s. They are a part of the reason we are up so much. Please if you’ve benefited from this a lot, those employees deserve this - consider doing something similar. + +&#x200B; + +https://preview.redd.it/jn9p0bwq15c61.png?width=1147&format=png&auto=webp&s=6718a3232cf38621fd0e2c86923cb3752f729444 + +\*not a flex just hoping to inspire others to do similar\* + +Not sure why the image isn't showing up but here's an alternate link: + +[https://stocktwits.com/Slantedangles/message/274590043](https://stocktwits.com/Slantedangles/message/274590043) + +&#x200B; +https://www.bloomberg.com/news/articles/2017-03-21/two-in-five-americans-say-they-ll-need-1-million-to-retire + + +I thought this might be an interesting article for discussion. It seems like people underestimate the true costs of retirement. + +Edit: my statement of underestimating the cost of retirement was referring to the 60% who don't plan on having $1M to retire +I feel so terrible and have no idea what to do for him. He has always had one or two credit cards and had an excellent credit report and score. + +However, he recently went to apply for a personal loan, and got denied. + +He was completely lost as to why this happened and they told him he had late payments and 3 collections. + +All together it was about 30k worth spread upon 3 credit cards opened up. + +They mentioned maybe some of his info was leaked from a data breach that happened with one of the agencies. + +What does he do from here? If it matters he is in NY. +[**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/) +Jumped into the deeper end of investing and cryptos this year after I got my feet back on the ground. Was always wary of watching YouTubers for their input especially if it is someone with 'those' kinds of thumbnails. I saw someone on this subreddit recommended Coin Bureau, then Guy recommended a few channels including Benjamin Cowen and Digital asset news, and these three have been my go-to channels now. + +Was watching his 'Bitcoin: powers of x2' this morning and in the last bit of it, he was talking about how he really likes the math when he dubiously speculates because his undergrad was in math, and his Ph.D. is in Nuclear engineering. He said it so casually and after months of watching this guy for shit and giggles, I never choked on my coffee. I never thought to look up his linkin page and yeah. You can google it yourself. Was a NASA undergraduate research assistant and taught NASA space camps during his undergrad. Cross-referenced this and yeah, we don't deserve this guy's free analysis. + +This guy is always so mellow, realistic, and conservative. He could have easily come onto Youtube calling himself Dr.Crypto and yelling, "I studied for NASA so we're going to the moon bois!" But Nah, the dude's chill with a cardboard desk and just likes math enough so he got a Ph.D. in it and offers us free T.A., and if we want we can pay for more, but no pressure. Gotta respect this guy. +They say that the phases for traders are massive losses, minimizing losses, breaking even, and then consistently profitable. + +I am now at the point of minimizing losses. I thought I was consistently profitable but now I realize that I’m just minimizing losses. My day to day losses have definitely begun to decrease. But I notice that I just 2 more hills to climb over. + +And those two are: 1. Stop losses. 2. Being too biased towards one direction. + +1. I traded options. SPX particularly. 0dte and 1 Dte. They can be very profitable if done right. The issue is that I am terrible at setting SL. I am very good at setting PT. I see levels and when prices stall out, I get out, even if it’s just a small profit. Because of profit is profit. + +But turn that around to losses, I hold on to my losers way too long. It’s like I don’t know when to set them. I can be in a trade and then a MASSIVE engulfing dildo of a candle will appear and I’m frozen like a deer with headlights and idk what to do. I’m sitting there like “okay is this a break out against me and I should get out or is this a “fake out”? All while the prices continue to fuck me and go against me as my losses stack up higher and higher BY THE SECOND. + +A perfect example is between 3:51-3:57 PM ET yesterday. Yes I know it’s highly volatile during the last 10 minutes of market but it’s what I mean. Just using that as an example. + +You thought that it’s a massive break out with it breaking news HOD at 3:54 only to have it just drop instantly. Idk where I should’ve gotten out with that example if I were short. + + +2. I am so short biased and it’s hard. I started trading during the March 2020 crash. So my mindset has been fixed since then that every pop should be shorted. I even lost a LOT of money playing puts during the rally after the crash. + +Now it’s being repeated on my trading again. I am red about 90% of the time when it comes to market Green Day’s. In fact 2 of my biggest losses in my entire trading career were two huge trending Green Day’s. + +Ironically some of my biggest WINNING days were red days. In fact 2 months ago when JPOW went on live right around market open and it tanked the market, I made a ton. Or when Russia closed its oil pipeline I think about a month and a half ago after lunch hour ET and we just tanked. I made a ton of money. + +I just don’t know how to get myself out of the “always go short”. + +It’s even funny that I find it very easy to exit my calls when I see the rally up starting to weaken. But I find it difficult to close my puts when reverse back up. + +I enter a state of what I call “come ooooon!!” Because I literally just go “come on maaan!!! This is bullshit” out of frustration because I couldn’t believe the market went against me again, while I see my losses stack up second by second as the engulfing candles keeps climbing following by another candle. + +Like yesterday. I was short and just saw Apple and Microsoft make new green candles one after the hour and continued to climb and make new HOD. +Another Canadian stocks dropping hard from its highs and shows that even 'staples' are never 'safe'. +No idea what happened fundamentally, maybe someone else can share? +In the last few weeks, TD Bank and BCE have been dropping pretty consistently. + +With BCE, the argument can be made that rising interest rates are hurting them, however I'm not able to find any catalyst for TD bank dropping from it's ATH's. + +Is this a result of people taking profits, or is there more at work here? +I’m 28, and have wanted a Tesla for years. I considered putting money down when it was announced but decided against it to build a good financial foundation. Now, years later I still really want one, and want opinions on if it makes sense based on my current finances. + +Age: 28 +Salary: 100k +Current Savings (not retirement): $14,500 +401k: $90k +(I’ve been maxing Roth 401k contributions for about 4 years now, 19% and then 7% company match). + +Current Car loan: $10k +Current car value: $15k + +Current monthly take home: ~3k +Rent: 700 +Car payment: 400 + +I figure if I out around $10k or so down I can get a monthly payment around 650 or so.. and then would expect a gas savings of about $100 a month. So net increase of $150/mo on current car payment. +I would still be able to continue to max out Roth 401k contributions, currently $19k/year. So I feel like I am in a good position financially to justify it... even if I’m only 28. +My wife and I are 32 and invest 45500 a year into retirement a year (plus employer match) +We bought our house for 260k in February 2020 and have 150k for a balance at 3.875%. +Should we invest beyond what we are now or pay off our home in the next two years? +My thinking is paying off the home spreads our money to other investments so when the market corrects we don’t have all our eggs in one basket. +I have just started researching and learning about ira's, mutual funds, 401k etc and i am kind of scared to pull the trigger and start investing. I want to invest in an roth ira to get that started but not sure where to start, i want to so this all on my own not through a broker. Any advice? +I’m 28, and have wanted a Tesla for years. I considered putting money down when it was announced but decided against it to build a good financial foundation. Now, years later I still really want one, and want opinions on if it makes sense based on my current finances. + +Age: 28 +Salary: 100k +Current Savings (not retirement): $14,500 +401k: $90k +(I’ve been maxing Roth 401k contributions for about 4 years now, 19% and then 7% company match). + +Current Car loan: $10k +Current car value: $15k + +Current monthly take home: ~3k +Rent: 700 +Car payment: 400 + +I figure if I out around $10k or so down I can get a monthly payment around 650 or so.. and then would expect a gas savings of about $100 a month. So net increase of $150/mo on current car payment. +I would still be able to continue to max out Roth 401k contributions, currently $19k/year. So I feel like I am in a good position financially to justify it... even if I’m only 28. +I have a mid schooler and a high schooler. + +mid schooler has more time but HS kid is 3 years away. I set their accts to 50% aggressive, 50% conservation aged based. + +&#x200B; + +Curious how others are changing their allocations. +What if, when GameStop filed their latest 8-K they also gave the 10 day minimum notice to the SEC for a dividend? + +What if come Monday we get an announcement/ ex-dividend date for a 3:1 stock dividend? + +My thinking is, as of today they have recorded all the people holding stock (record date for the vote) what if they used that data to also release a stock dividend? + +A company has to give a minimum of 10 days notice to the SEC, but only 10 minutes to the public. I believe, correct me if I’m wrong. + +Well 10 days would be this weekend… Could we be receiving the greatest reach around in history on Monday? And even then that only being an appetiser to what’s coming. + +Also, RC tweeted 3 times the day the 8-K was released. Maybe there were 3 things happening that day. The 8-K release, the dividend notification to the SEC and something else maybe. + +I don’t know, I’m smooth. But I probably won’t be sleeping this weekend. +Sorry for being a bit vague about my financial situation but I am really bad at this type of math. I have about $10k in credit card debt but my credit is very good and I have about $50k in credit at my disposal if I needed it (which I hopefully won’t). I know it is good to have an emergency fund in savings, but would it be better to put off putting cash in a savings account until I pay that down? I also have a voluntary pre-tax retirement retirement plan through work. Should I also skip or lower those payments until the credit card debt is paid? + +Right now I take home about $3000/month and expenses are about $1600. I put $200 in the retirement plan that’s not included in take home pay. +Burr was ultimately not charged with breaking any laws, but the newly released records show FBI agents believed Burr had committed insider trading and securities fraud. + +Public records at the time show that Burr abruptly liquidated more than half of his and his wife’s equity holdings in February of 2020, when most of the world had yet to focus on the looming coronavirus crisis. + +[https://www.cnbc.com/2022/09/06/unsealed-fbi-docs-reveal-a-flurry-of-calls-amid-burrs-stock-trades.html](https://www.cnbc.com/2022/09/06/unsealed-fbi-docs-reveal-a-flurry-of-calls-amid-burrs-stock-trades.html) +I've received an offer from a company I'm interested in working for. It's over 25% more than my current salary package, which is >$100k. It's for a US company in a country outside the US. I've usually negotiated a bit in the past but I don't think it's worth pushing them on money when it's already quite reasonable. + +They called me to 'get my reaction', and I have the night to think about it, so I'm tossing up whether to ask for some non-financial benefits. + +***I'm curious what else you've asked for and had a company agree to in the past?*** + +The main ones that come to mind are seeing whether I can try to negotiate more paid leave (though I figure they will say they don't have that option). I've already talked about some flexibility on office hours, leave without pay and occasional working form home - all of which they are theoretically OK with to some degree. I might see if I can formalise something (get it in writing, or at least verbally acknowledge it so I don't feel like I'm treading on eggshells about it down the track). + +NB - The package is good, though I have another similar (slightly less lucrative) option on the table from another job which I know has good 'quality of life' benefits and that I know lots of people in, so I don't have to take it (though I am leaning towards doing so at this point for various reasons). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +The reason i got into Z1P on Friday at $3: + +Now that interest rates are set to rise this year due to inflation, i believe a lot of over-mortgaged, McMansion seeking home owners are about to start feeling the pinch this year on their burgeoning mortgage repayments. + +As they start to feel the pinch more and more, people including those in their 30s and 40s demographic who have these mortgages, will start relying on BNPL to make ends meet. This is where my thinking got me, and off the back of my contrarian investment strategy i decided to get into Z1P now that it has been heartily smacked down in the recent tech bubble burst. + +I have also heavily exposed myself to Gold through MML due to global inflation and rising Gold price. + +Do your own research, not financial advise, just my basic napkin DD and sharing what ive done +GNX + +MktCap: \~ $214mill + +Share price: 21c + +Please note I don’t have a financial background its very possible I could be misunderstanding financial concepts or misinterpreting data. If I’ve fucked up somewhere please let me know and I’ll update the DD. Also if you think I’m wrong about this stock please also let me know as I dumped $20K in them last week at .21c, I’d love to here counter arguments to my conclusions. + +**About:** + +In there own words (taken from their latest results): + +Genex Power Limited is focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro. The Kidston Clean Energy Hub is comprised of the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects. The 50MW Jemalong Solar Project (JSP) is located in NSW and provides geographical diversification to the Genex Power Limited portfolio. JSP was energised in early December 2020 and commissioning is now underway. Genex is further developing its energy storage portfolio via the early stage development of a 50MW/75MWh standalone battery energy storage system at Bouldercombe in Queensland. + +&#x200B; + +**Assets, Projects and Revenue:** + +50MW Kidston stage 1 solar Farm. + +**Status:** Operational generation revenue since 2017 + +**Revenue:** \~12mil per/year. Prices locked in with 20 year fixed contract to Queensland Government. + +50MW Jemalong Solar Farm + +**Status:** Built undergoing final approvals (started generating power Dec 2020) + +**Revenue:** Aimed to start producing revenue this financial year. 50% of output locked into a fixed 9 year off take agreement. Remaining 50% will be sold on the market at spot prices. \~12-14mil per/year expected. + +50MW/75MWh Bouldercombe Battery Project + +**Status:** Planned to be operational in H1CY2022. + +**Revenue:** Genex says this will be another step change in revenue but don’t give any actual figures from what I could find. + +250MW Kidston Pumped Hydro (Flagship Project) + +**Status:** Financial close in May following fully underwritten capital raise. Construction to commence ahead of financial close at the end of April. + +**Revenue:** 30 year deal signed with Energy Australia to operate the plant. Fixed annual rental payment escalating over 30 years. While the arrangement covers a 30 year period, the initial term covers 10 years. EnergyAustralia can then elect to extend the agreement for two more 10 year periods. Once the 30 years has expired, EnergyAustralia has the right to purchase Genex's holding in the project for a cash payment. I couldn’t find how much that cash payment would be, some on Hotcrapper claim its $250 million but I could not find anything to back up that claim. + +270MW Kidston stage 2 solar farm + +**Status:** Future project co-located with existing solar and hydro. + +150MW Kidston wind farm + +**Status:** Future project co-located with existing solar and hydro. + +&#x200B; + +**Kidston Pumped Hydro our rocket fuel** + +After around 3 years of delays due to negotiations around partnership the Hydro funding is complete. The current 20c per share CR is full underwritten. Hydro is now 100% self owned rather than a 50% partnership as initially planned, and has an 30 year operational agreement with Energy Australia (extend every 10 years) for annual rental payments escalating over 30 years. + +**Project Cost:** $777million project + + $610 debt to the Governments North Australian Infrastructure Fund where interest does not need to be paid back for 30 years. Loan must be refinanced after 15 years from the project becoming operational (so around 2040 if everything goes to schedule). + +Another $47 million from an ARENA grant that does not have to be repaid at all. + +$90.5 million from capital raise and I believe the remaining comes via an equity investment from the Japanese company Jpower. + +In a recent podcast it was mentioned \[1\] that all debt for the company (including for the existing solar farms) having a weighted average of less than 3% interest. Very impressive, and to top it off in the same podcast they revealed their internal rate of return calculations for the hydro project were in the mid teens. So interest rates of less than 3% and returns in the mid teens. + +With this information at hand I can't see the share price staying at \~20c for long once the CR is complete. Let's say the solar farms and como battery can turn out a profit in the short to mid term of $4,000,000 something that doesn’t seem unreasonable next financial year. If we add the soon to be issued shares from the capital raise to the existing shares \[3\] we get something like 998,864,815 shares. + +4,000,000÷998,864,815 = 0.004004546 (shares - to - earning ratio) + +0.21÷0.003221808 = 52.44 (P/E ratio) + +Ok so nothing special there. The current market cap looks reasonable ... but hydro and new power lines to the Kidston Hub are now a done deal. Build out set to start as early as the end of this month. So in 2025 when hydro should be fully operational we could make a conservative estimate of $40 million profit yearly going forward. + +40,000,000÷ 998,864,815 = 0.040045459 (shares - to - earning ratio) + +0.21÷0.040045459 = 5.2 (P/E ratio) + +Assuming I haven't totally fucked up my calculations (please tell me if I did), a healthy company is expected to have P/E ratio between 10-20. So with this conservative estimate I would expect the share price to be between 0.40-0.80c by 2025/26 a 2x-4x. A more bullish $70 mil profit would give you 0.50c-$1.00 or 2.5x-5x, and these numbers don't take into account the planned Kidston 270MW solar and 150MW wind or any other project that comes along over the next 5 years. Also with profits at this level share holders could likely expect some juicy dividends, and we would likely be looking at the higher end of the P/E / share price range. + +&#x200B; + +**Risks** + +What I see is a solid company that knows how to work a good deal. The major risks in the short term is related to the actual construction of the Hydro project, and battery project. Also the final commissioning of the 50MW Jemalong Solar Farm (although I think this will be fine). + +Another risk is that the company getting bought out before these potential share prices are reached, acquisitions of renewables developers is pretty common at the moment. However I’m hopeful considering how hard they negotiated the hydro deal that they know what they are doing and won’t sell before reaching a considerably higher share price, if at all. + +&#x200B; + +**Outlook** + +Despite having almost a billion dollars in current projects underway these guys have no major roadblocks to keep them from growing further. The the hydro project while fantastic has been a handbrake on the company for years due to a long delay in partner negotiations, however kudos to the team for not taking a shitty deal in order to move it along faster. + +Now with a good 6 years experience in a renewables market that is booming things are looking good. + +I know 4-5 years seems like an eternity to some around here, but I thought I’d post this as an alternative DD with some actual estimates to contrast the many DDs that seem to be based entirely on hope alone. Also gives those who are a little more conservative something to look into vs betting on a liar standing next to a hole in the ground. + +Now roast me asx\_bets + +&#x200B; + +**References:** + +\[1\] [https://player.whooshkaa.com/episode?id=811770](https://player.whooshkaa.com/episode?id=811770) (Stockheads Podcast chats with Simon Kidston, executive director of [Genex Power Ltd](https://stockhead.com.au/company/genex-power-gnx/)) + +\[2\] [https://www.youtube.com/watch?v=ZuyjcvFMhrQ&t=27s](https://www.youtube.com/watch?v=ZuyjcvFMhrQ&t=27s) (Hotcrapper Interview) + +\[3\] https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02359927-2A1290507?access\_token=83ff96335c2d45a094df02a206a39ff4 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +I have a reasonable understanding of different securities, (stocks, derivatives, fixed income, etc) and some hedge fund strategies (short selling, arbitrage, etc) and how they are used but only in a very generic sense. What I'm currently confused about is how funds typically determine what firms to purchase securities for, or what securities they should be researching. Are there any good books that answer these questions? Any good online resources y'all would recommend? +Hi all! + +&#x200B; + +I have been reading/participating in this sub for years. My mindset has changed as a result of what I have learned from this sub. + +&#x200B; + +This past six months has brought quite a few....challenges. I was let go from a job that I moved from home for (after only a few months, no warning.) + +&#x200B; + +About a month ago, I was involved in a traumatic accident and needed urgent surgery in a different country. + +&#x200B; + +Right now, my city is on fire (LA) and over 250,000 have had to evacuate. + +&#x200B; + +What am I trying to say? Shit happens that you can't predict or control. Yes, it is great to keep the lessons you learn here alive. It is INCREDIBLY important to be insured (although I am learning that many of the people forced to evacuate were refused home insurance due to risk...). But shit happens, and when it does, you need to take care of yourself, reevaluate, and rebuild. + +&#x200B; + +I am not asking for pity/sympathy. I feel lucky and grateful to be in as good as condition as I am given the situation. There are many people in far worse conditions right now, who have much more to lose. + +&#x200B; + +Instead, I am just asking you to show yourself and others compassion. If major incidents or emergencies happen, breathe, and reevaluate. Life will probably not go according to your plans, but that is your opportunity to just breathe and reassess. + +&#x200B; + +I hope you are doing well and in good health. Please be kind to yourself and others. +For years I’ve had the idea of needing to buy a rental property and gradually buy more. +My problem is, I have nothing. Not a pot to piss in. My credit score is maybe a 600 or just below. I made 33k last year and just got terminated this week. I feel like now is the time to start a dream but how the hell is it possible. I know about FHA loans and whatnot. Please tell me someone has a success story to guide me. +Hey all, + +So I finally have found my first **\*\*potential\*\*** deal. It's a 12 unit apt building here in the Midwest. Problem is, the current owner has unreasonable price expectations. She has said "I want over a million" yet the property needs new signage, new doors, pavement, etc.. It does produce solid income of about 70k NET but clearly her not having a specific number makes no sense. + +Further, she's said "I've gotten offers for over a million" like what haven't you taken those then? I also brought up seller finance but she said no (will try to explain this concept to her again)... + +So I'd really appreciate if you can provide me some advice here because it is a really good opportunity but clearly I don't want to overpay for it...thanks. +I hope then that you can help the ones you love and that this stupid system where the money always funnels up can be changed through our concentrated efforts! Not even in the US, but we’re thinking of you! Stay strong, hodl the line, changes are coming! Soon it will be planet of the apes 🦍 Ook ook ook ❤️❤️❤️ +My wife and I co-own a vacation property on the coast of CA that we use personally and AirBNB when not in use. We've owned for 6 years and now our co-partner wants out. We'd like to buy her out but won't be able to if the property is worth over $X now. + +I've never gone through this. + +**What are tips and tricks to use to stack the cards in our favor? Thanks! 🙌🏼** + +Other Details: + +\- We share a mortgage with her and each own 50% of the house + +\- We don't have a contract in place outlining exit strategies/process + +\- Consider this like an amicable divorce. We get along just fine, and while we want this to be a fair transaction, we also really want to keep the house! + +\- It's an awesome escape for us and one day our rental income should be able to cover the cost, especially if we can re-fi now. +Last September I started another portfolio to try out a less involved strategy. My plan was to make changes only if something catastrophic happened, or I felt that one of my holdings had reached its maximum potential return. After 9 months I have received 54.4% return. Could someone take a look at my portfolios stats below and let me know what you think? Should I leave it untouched or make some changes (like re-balancing...)? + +[Monthly Returns](https://i.imgur.com/ffS93rU.png) + +[Metrics](https://i.imgur.com/NqUgmZE.png) + +Thanks! Let me know if you need any more info. + +EDIT: The portfolio is 4 positions and they were equally balanced when I started. +[Here is my actual portfolio as of this morning](https://i.imgur.com/Rpjm2dC.png) +Hello! Longtime lurker here—love the content. I’m a former high-frequency options trader at one of the big firms in Chicago and wanted to give my two cents of advice for all of you to use. + +1) Professional models are really good. Their volatility pricing, their reaction time—both unreal. Do they get things wrong from time to time? Sure. But unless you’re running serious quant analysis, the good buying/selling opportunities only last a matter of minutes. + +2) Execution is important. If you’re going to trade, trade tight markets with high volume. The tightest bid/ask spreads mean you give up the lowest edge per trade. The best place to look is usually monthly expirations for stock options. For some archaic reason, these options have the tightest bid/ask spreads and are more heavily trades, even close to expiration. The worst are usually Monday/Wednesday expirations. Unless you have a specific reason to trade these Monday/Wednesday expirations, you’re wasting money. + +Those are my two main pieces of advice—thanks for reading! +&#x200B; + +[por que no los dos?](https://preview.redd.it/c1g1utyz3f591.png?width=375&format=png&auto=webp&s=c8ba7c16596e67a6e6d7d46bb408c8c38ffda728) + +**TL;DR:** + +* **When you transfer money from your checking account to a big broker like Fidelity or Vanguard, any unused money not spent buying GME just sits there. This money doesn't actually just sit there as cash, but instead you have shares of a money market fund (like Fidelity's SPAXX) where you have a number of shares equal your cash position. A $100 deposit to Fidelity gives me 100 shares of SPAXX, each worth $1.** +* **In theory, we can think of SPAXX--or any money market fund (MMF) available to retail--and its shares as being quite similar to stable coins (SPAXX shares = SPAXX "stable coins"). They are usually backed by assets where $1 of SPAXX "stable coins"/shares is backed by $1 of assets, which can include assets pulled from the overnight reverse repo, where MMFs make up over 90% of use for it.** +* **In a now infamous example, crypto founder Do Kwon created his own stable coin Terra where 1 share/"stable coin" = $1...but eventually 1 Terra stable coin was no longer worth $1. In crypto, this is called "depegging", where 1 stable coin =/= $1. In finance and money market funds, this is called "breaking the buck".** +* **"Breaking the buck" happened in spectacular fashion during the financial crisis of 2008, where the Reserve Primary Fund lost \~$800 billion due to its investments in Lehman Brothers' commercial paper. This led to a bank run on all types of money market funds, equalling $300 billion pulled over the course of 2 months during Sept.-Oct. 2008. The US was only willing to support each MMF up to $50 billion per fund (money in MMFs not fully FDIC insured), and criticisms directly after 2008 warned that MMF reforms would not do enough for the next crash/crisis.** + +&#x200B; + +For the culture: [https://www.youtube.com/watch?v=BxZVDUXc1Lw](https://www.youtube.com/watch?v=BxZVDUXc1Lw) + +**Sections** + +1. "Me and MMFs, Sitting in a Tree" +2. “Money Market Funding It, When My Cash isn’t Sitting in G-M-E…” +3. The Parable of Do Kwon +4. Peg Me Harder Daddy +5. Tell Me More Oscar +6. Breaking the Buck +7. …But Then 2008 +8. The 2008 Postmortem + +Pt. 2!: [https://www.reddit.com/r/Superstonk/comments/vc4r0w/099509975\_the\_depegging\_danger\_zone\_pt\_2\_and\_what/?sort=new](https://www.reddit.com/r/Superstonk/comments/vc4r0w/099509975_the_depegging_danger_zone_pt_2_and_what/?sort=new) + +&#x200B; + +# 1. “Me and MMFs, Sitting in a Tree…” + +Like many of you, GME was the first time that I had EVER bought a stock.  + +And like many of you, I needed a simple, smoothbrain explanation on how to buy GME. Because, ya know, it was my first time. And GME was my first buy ever. + +&#x200B; + +[You always remember your first](https://preview.redd.it/6k1y9dfhye591.png?width=500&format=png&auto=webp&s=d1613a334587bdecfb3c8a1827fc8373f876f097) + +I myself eventually jumped into Fidelity just a bit of time after the sneeze. Around that time, one imgur link was cycling around the subs on how to set up your Fidelity account and how to buy your very first GME (and first stock ever!) in that new Fidelity account.  + +&#x200B; + +And while running through that walkthrough, one of the things that had confused the ever loving fuck out of me back then was when I saw something like the screenshot below. While creating my new account, I saw this shit and it confused the ever loving fuck out of me as to what the fuck to pick. I had no idea what this was even talking about, much less what to choose: + +&#x200B; + +https://preview.redd.it/4be3ryj00f591.png?width=1940&format=png&auto=webp&s=2cc982c9fd97ddfee215353e4dc2fa08d3b99a9a + +>“Your core position is where the money in your account is held until you invest it.” + +&#x200B; + +After asking around, I saw that the general consensus was “Just pick SPAXX fam!” Now I forget the specific reasons why many suggested that I pick SPAXX at the time, but I feel I’ve gained a wrinkle or too about what SPAXX is–namely, a money market fund (MMF)--since then. + +**Revisiting that screenshot above though, you might also catch an interesting perhaps mini-red flag above…namely that the SPAXX Money Market Fund accounts says it is NOT FDIC insured.**  + +&#x200B; + +That isn’t a bad omen I hope, is it? + +# 2. “Money Market Funding It, When My Cash isn’t Sitting in G-M-E…” + +Like many of you now, GME is literally my savings account.  + +&#x200B; + +[the OG on this shit](https://preview.redd.it/lhduednpze591.png?width=1024&format=png&auto=webp&s=8d2ab67e6823442f58c2db61d311f03dcd120fb5) + +But on the days when I can’t send a directed trade through IEX on their Active Trader shit if I use Fidelity, my money just sits there waiting until I have enough to buy a full share. (And once I have enough for a full share to fund, I–of course–buy through IEX via Active Trader and DRS that shit, prying it from the mayo-covered hands of Kenny G and his bespactled backup dancer boy band of Stevie Cohen and Jeff Yass with fluffer work from Virtu’s Doug Cifu and Vincent Viola). + +**But until that titjacking moment when I can buy yet another full share of GME, whatever free cash might be there sitting in my Fidelity portfolio front page ends up just sitting in a portfolio row for SPAXX.** And it took me for the fuck ever to understand just what SPAXX was (as I said, am smooth). But I eventually got the gist. + +[shoutout to Super Nintendo Chalmers](https://preview.redd.it/gxscj6ovze591.png?width=220&format=png&auto=webp&s=aa88bbd9b96e04195bac27184bc559e1e017ff6d) + +To my smooth brain, here’s how it goes: + +1. I transfer a random amount of cash to my Fidelity account. For this example, let’s say $330. +2. I buy 1 share of GME (let’s say it costs $100 at the time). +3. **The money remaining ($230) sits in my account, waiting for me to use it up until I decide to pull the trigger again on my next GME buys.**  + +&#x200B; + +I used this screenshot here to help illustrate my example. + +&#x200B; + +[this is from a fellow redditor\/if not superstonker, will find their username and give credit!](https://preview.redd.it/1it6de9hze591.png?width=1884&format=png&auto=webp&s=26ca37fec6b0595a040ff0a5b26afee8835fd374) + +You’ll notice that at the very bottom it says that in my SPAXX fund, there is a current value of $230. It also gives a quantity number in this case: 230. + +**Now I’m no math genius, but I know dividing the cash amount ($230) by the amount or quantity of “shares” (230) gives us a value of $1. This means that if I have $230 in my Fidelity account just sitting around, it amounts to me not “having” $230 but rather 230 shares of SPAXX “shares” (or for the crypto-minded, think of them as SPAXX coins) each worth $1. (THIS IS IMPORTANT: REMEMBER THIS.)** + +# 3. The Parable of Do Kwon + +&#x200B; + +https://preview.redd.it/0ns6oqse0f591.png?width=237&format=png&auto=webp&s=268375b8e771b4b38b008c9c68290502facdd220 + +Many of us recently have caught wind of the whole (or part) of the Luna/UST fiasco.  + +In quick terms–and to the best of my ability as I am new to understanding crypto–Terra Luna founder Do Kwon watched as his stablecoin TerraUSD sank in value quickly, nuking investors’ portfolios (many of whom had dropped a metric shit ton of cash hoping for high interest gains). + +&#x200B; + +**TerraUSD is (was?) a stablecoin, which operates a lot in some ways–and I mean, A LOT–like our SPAXX shares might. To simplify, think of stablecoins as operating very much the same way that you might operate once stepping into the stock market with a fund like Fidelity.**  + +&#x200B; + +**For our Fidelity example, you exchange $1 worth of cash for $1 worth of SPAXX “stablecoins” ($1=$1) powered by money market funds. You can then either choose to leave your money in SPAXX “stablecoins” literally the entire time you have a Fidelity account, pull money out yourself (change your X number of $1 SPAXX stablecoins for $1 worth of USD cash), or just “swap” your SPAXX stablecoins for GME.**  + +&#x200B; + +https://preview.redd.it/cr4utrdt0f591.png?width=3360&format=png&auto=webp&s=8efa9faaec3bc799e5c319ff5211318449bd4741 + +&#x200B; + +&#x200B; + +Now what if I was a bank that came up to you and said “Hey! I have this great new bank called Phudelity, you should look at us! You can open an account and then just drop some cash and leave your cash sitting with our special Phudelity stablecoin called SPANXX! It’s called SPANXX because that’s how hard you’ll be spanking your eew eew llams over learning we give you upwards of 10% interest just leaving your cash in your account without even needing to buy GME or any stock while you wait!” + +A major oversimplification of the Terra story? Yes, I fucking know. **But this Phudelity/SPANXX tale is the metaphor that we’ll use to explain what happened with Do Kwon (as seen through the lens of something many of us might deal with more regularly hear, namely brokers to buy GME with).** + +# 4. Peg Me Harder Daddy + +**SPAXX, then, operates a lot like a “stablecoin” that you can use to move in and out of positions, be it GME or back to USD cash to throw to your checking account or otherwise.** + +But remember: this process only WORKS when the “stablecoin” is, YA KNOW, stable. Which isn’t what happened with Do Kwon’s TerraUST: + +&#x200B; + +https://preview.redd.it/ucbc1is8ze591.png?width=1874&format=png&auto=webp&s=be7401231756bf909c42ac366668e1963d9b2491 + +Eventually, it “depegged”...meaning $1 worth of UST was no longer worth $1 of USD. + +What’s this like? Remember, that scenario where I had just $230 sitting in my Fidelity account after buying 1 GME share. It’s like if I had that $230 sitting in my Fidelity account instead sitting in 230 stablecoins which all simultaneously sunk in value.  + +&#x200B; + +&#x200B; + +**If my Fidelity SPAXX “stablecoins” sunk as much as what happened here with Terra, I’d have about 230 SPAXX stablecoins worth no longer $1 each but $0.75 each, or a little under $173. You can quickly see how you could lose a HUGE chunk of your worth in a depegging event, ESPECIALLY if it drops by such a huge degree.** + +Terra’s stablecoin sank further and further. Hell, it sank a SHIT TON before finally grabbing its ball and going home (and Do Kwon grabbed billions and peaced the fuck out).  + +&#x200B; + +https://preview.redd.it/atv68uf0ze591.png?width=1712&format=png&auto=webp&s=72ebc0b71ce70cc815ee6bbe341f4b437a5e54b8 + +Although it officially stopped running as a stablecoin long before the further drops you see above, you can see how quickly it matters for such a “stablecoin” to stay stable. + +SPAXX, as many of the other money market funds, know how much this matters more than anyone. + +# 5. Tell Me More Oscar + +Nearly a year ago, a since-deleted username asked the following question: “How did \[the\] 2008 market crash affect Spaxx accounts?” + +A rep for Fidelity responded with the following: + +&#x200B; + +https://preview.redd.it/fd9ablkpye591.png?width=1788&format=png&auto=webp&s=d546299d22ff81b0e0f5e0ea48cf116219d46806 + +&#x200B; + +>“The Fidelity Government Money Market Fund (SPAXX) is one of our interest-bearing “core position” options. **Money market funds are fixed-income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk.** +> +>**While these investments are usually less volatile, and the Fidelity Government Money Market Fund (SPAXX) has never fallen below a $1.00 Net Asset Value (NAV), these investments still carry certain risks. As with any investment, you could lose money investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.** + +&#x200B; + +[\\"now piss right off\\"](https://preview.redd.it/r3awmnitye591.png?width=2100&format=png&auto=webp&s=93ce678a662de227c40e3e87b885f7a0599404e5) + +Some of Oscar’s comments might start to sound familiar apes! + +&#x200B; + +* “**Fixed-income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk” = overnight reverse repo anyone?** (Note this isn’t the ONLY thing they can invest in) +* “As with any investment, you could lose money investing in a money market fund” = **REMEMBER, that note about SPAXX being not FDIC insured? This is unlike the other choice I coulda clicked on while making my Fidelity account; just because you have $230 (or more) sitting in a Fidelity acct does not mean it ALWAYS will be there** +* **“Although the fund seeks to preserve the value of your investment at $1.00 per share,  it cannot guarantee it will do so” = depegging a la Do Kwon/Terra** + +&#x200B; + +https://preview.redd.it/qvgp41pwye591.png?width=640&format=png&auto=webp&s=0181e34d96be27a11ac4a00a226b909e8cc5db4b + +**In large part, we’ve seen this as a point that** u/OldManRepo **among others have focused on: money market funds are the biggest users of the overnight repo system. To reiterate a point that he has said often and bears repeating, it is not banks or primary dealers that use this…but money market funds like the ones that host our cash before we start to buy our GME on sites like Vanguard (Call of Duty Vantage?) or Fidelity.** + +&#x200B; + +You actually see Oscar begin to touch upon something here that I kinda skipped past and is very important to our discussion. **For crypto, the process of no longer having 1 stablecoin/”share” = $1 is called “depegging”, for money market funds it comes from a very different name: “breaking the buck”.** + +# 6. Breaking the Buck + +OG DD ape u/peruvian_bull first told us about “breaking the buck” in his old post: [https://www.reddit.com/r/Superstonk/comments/oxsde3/major\_signals\_are\_flashing\_code\_red\_in\_the\_shadow/](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)” + +&#x200B; + +https://preview.redd.it/nl1tb7oh1f591.png?width=1778&format=png&auto=webp&s=7337bddf3517886de5d6ba00ab79e229124e3cbb + +>“Currently the 1 month T-bills are trading around 4.5 basis points (basis points are 1/100th of a percent), or 0.045%- **extremely close to 0%.”** +> +>This matters because MMFs have what is called a Net Asset Value of 1.00 (ie $1 asset for every $1 liability)- this means that **they aren’t supposed to lose money**. People who put money in expect them to act like a bank account, and when the NAV goes below 1.00 (called breaking the buck), this means that the fund has started to lose money. **Very quickly, people panic and start pulling their money out. Soon, a system-wide “run on the Money markets” begins with millions of depositors clamouring to get their money out.”** + +&#x200B; + +This goes back to something that many have echoed about the way that the overnight reverse repo works. Each $1 I drop into my Fidelity money market fund account a la SPAXX now shows up as a $1 liability on Fidelity’s books. This is in part because I could theoretically PULL that $1 out of Fidelity right away and use it to buy a banana for…colonoscopy reasons…but that’s part of–not the whole reason–why it’s a liability. + +&#x200B; + +&#x200B; + +This needs to be balanced in turn with a nice safe asset (where $1 in liabilities = $1 in assets) that we see in the assets pulled by MMF secured through the overnight reverse repo system.  + +Money market funds like Fidelity’s SPAXX, as well as BlackRock and others, employ the overnight reverse repo system to back their cash reserves. **Returning to what oldmanrepo has said, they use that system by a HUGE fucking margin. MMFs account for 90%+ of overnight reverse repo (compared to banks at 7%).** + +&#x200B; + +&#x200B; + +[calls on ORR](https://preview.redd.it/a3r35gxc1f591.png?width=2414&format=png&auto=webp&s=8924a9623b2d4ef199806fed0cfe7abed60b2df6) + +In part, whether supporting themselves through the overnight repo market or other debt securities, the ORR is used to help support these MMFs from avoiding “breaking the buck” (while making sure they also keep their average maturity shorter based on rules, but we’ll not get into that here).At the end of the day, money market funds are meant to be a lot like what Ryan Gosling described at the beginning of the “Big Short” when he talked about banking in the 80s…boring to the point that it was damn near comatose.  + +# 7. …But Then 2008 + +**Money market funds are known for being boring, less exotic financial instruments. Yet despite that, they nonetheless underwent a reckoning in 2008.** + +**On Sept. 16, 2008, the U.S.’ oldest and largest MMF–the Reserve Primary Fund (RPF)–broke the buck.** Just like Do Kwon’s Terra, 1 share was no longer worth $1. This was in large part due to the RPF’s holdings of \~ $800 billion in Lehman Brother's commercial paper. Yes, that Lehman...(Some of you might remember the term “commercial paper” in talks of Evergrande and Tether, in what money has been propping up both enterprises.) + +&#x200B; + +[Lehman Brothers' desk in an article on the MMF crisis in 2008](https://preview.redd.it/xlbmtjlt1f591.png?width=1224&format=png&auto=webp&s=310ca003a49a7497ddbc537f468d641e375e5bc0) + +&#x200B; + +This was actually only the SECOND time in history that a MMF did not have 1 of their “shares” = $1 (the 1st was 1994’s Comm. Bankers’ US Gvt. fund that broke the buck at 96 cents when it shoulda been a dollar. This sounds overall like a pretty good run for MMFs, especially since they were around since the 70s…during yet another stagflation era as we are seeing now). + +&#x200B; + +**The 2008 crisis for the RPF money market fund triggered a major bank run on ALL money market funds, not just on the Reserve Primary Fund, but for many across the US. Even though only 1-2% of estimated losses were triggered across accounts, nearly $300 billion in money (termed “widespread redemption” by some) was pulled from MMFs and commercial paper markets; the pullback on commercial paper at the time even ended up destabilizing how those businesses ran, affecting payroll and other business stuff I’m too smooth to get into right now.** + +&#x200B; + +T**he US gvt eventually said it would back all 800 MMFs in the country up to $50 billion per fund (going back somewhat to that whole FDIC-not insured comment you see?) when SHTF in 08.**  + +# 8. The 2008 Postmortem + +&#x200B; + +https://preview.redd.it/4d26blcd2f591.png?width=1500&format=png&auto=webp&s=cff071ee4cd8e1187428a3f19a09296f9058f03a + +Although MMFs were better regulated post-GFC through Dodd-Frank, many threw a collective shitfit afterwards with the intensity of a Cokerat “Mad Money” segment. “We need to fix this cuntknuckle of a shitstorm from happening again” was the general sentiment of money market funds shitting the bed back in 08. + +And while fixes did arrive, many thought it wasn’t fucking enough. The SEC was one of the ones who got tore out the most: + +&#x200B; + +>“In newly promulgated regulations addressing the “breaking of the buck” in the $3 trillion money market—a debacle at the fulcrum of the 2008 financial meltdown—the SEC endorses practices that obfuscate rather than illuminate the capital markets, including fixed pricing for money market funds, potentially riskier portfolio requirements, and the continued use of discredited ratings agencies.” + +&#x200B; + +Fulcrum? Obfuscate? Wut mean? + +&#x200B; + +https://preview.redd.it/txiwa1xq2f591.png?width=280&format=png&auto=webp&s=58aad62080ff4a18d4d3941633cbaec6c5ed8a47 + +There was a lot of bullshit that coulda been well-meaning that got pushed through that frankly ended up not working as intended, as well as other shit that was never quite fixed including: + +* “the industry’s continued reliance upon ratings agencies whose abysmal performance has been widely condemned” +* “new rules \[that\] *increase* rather than decrease the likelihood of future runs on money market funds and consequential failures of the credit markets. +* “regulators \[failing\] to adopt any insurance facility—public or private—to underwrite future emergencies in this field” + +&#x200B; + +Sounds like they had it handled! Good job SEC! + +&#x200B; + +[maybe they coulda brushed up on their MMF rules in 2008 in between spankbank sessions](https://preview.redd.it/3cdztsm82f591.png?width=1392&format=png&auto=webp&s=40a4bdfd63a4b53dcc2af65cecc66db97457f8d3) + +But fuck, we’re not talking about what COULDA been. + +&#x200B; + +Let’s talk about what is. And to know what is, we need to peer behind the door how money market funds like SPAXX work now since after the ‘08 changes... + +**TL;DR:** + +* **When you transfer money from your checking account to a big broker like Fidelity or Vanguard, any unused money not spent buying GME just sits there. This money doesn't actually just sit there as cash, but instead you have shares of a money market fund (like Fidelity's SPAXX) where you have a number of shares equal your cash position. A $100 deposit to Fidelity gives me 100 shares of SPAXX, each worth $1.** +* **In theory, we can think of SPAXX--or any money market fund (MMF) available to retail--and its shares as being quite similar to stable coins (SPAXX shares = SPAXX "stable coins"). They are usually backed by assets where $1 of SPAXX "stable coins"/shares is backed by $1 of assets, which can include assets pulled from the overnight reverse repo, where MMFs make up over 90% of use for it.** +* **In a now infamous example, crypto founder Do Kwon created his own stable coin Terra where 1 share/"stable coin" = $1...but eventually 1 Terra stable coin was no longer worth $1. In crypto, this is called "depegging", where 1 stable coin =/= $1. In finance and money market funds, this is called "breaking the buck".** +* **"Breaking the buck" happened in spectacular fashion during the financial crisis of 2008, where the Reserve Primary Fund lost \~$800 billion due to its investments in Lehman Brothers' commercial paper. This led to a bank run on all types of money market funds, equalling $300 billion pulled over the course of 2 months during Sept.-Oct. 2008. The US was only willing to support each MMF up to $50 billion per fund (money in MMFs not fully FDIC insured), and criticisms directly after 2008 warned that MMF reforms would not do enough for the next crash/crisis.** + +&#x200B; + +Pt. 2: ??? + +https://preview.redd.it/yjevvqk2qf591.png?width=798&format=png&auto=webp&s=8b3973d5ed18ef05d092187e57114af8657807b8 + +&#x200B; + +EDIT 2: great TL;DR by u/akatherder: + +>**Here's a smooth brain tl;dr. In 2008 the economy collapsed. A catalyst was a Money Market Fund failing.** There is evidence that the Fed has been bailing out Money Market Funds recently, including through Overnight Reverse Repo. +> +>Here's more of a longer tl;dr... +> +>So what is an MMF and how did it fail? MMFs are boring as shit. It's a mutual fund but it's more comparable a savings account. You might lose or gain like 1%. They have a shitload of rules, many of which have been added or strengthened since 2008. They can only invest in treasuries, CDs, Reverse Repo, boring shit. They need to be very liquid (short term investments) since people/investors can withdraw their money at any time. +> +>**The biggest rule (really the entire purpose/goal of a MMF) is they MUST maintain a value of $1.00 per share. It's called a Net Asset Value (NAV). Their value might drop to like .9999 or .9995 but that's still $1.00 when you round.** +> +>**In 2008 this MMF dropped to $0.97 (it "broke the buck"). Which might not have been a big deal but everyone panicked and pulled their money from a bunch of completely unrelated MMFs.** +> +>Back to 2021/2022. 85-90% of the money in Reverse Repo is from Money Market Funds. The Fed is giving them about $40 million/day in interest. Also I mentioned MMFs have to be liquid? More specifically they cannot invest in something with a term over 1 year and the average term of all their investments has to be 60 days or less. **So having a ONE DAY investment kinda helps bring that average down. It lets them reach for longer term investments with better payouts too.** +> +>**I'd also add Fidelity accounts for $400B of the money in Reverse Repo and seems to be increasing. Black Rock was second with about $100B and decreasing. Numbers as of 4/30 which is the latest data they released.** + +EDIT 3: whoops! breaking the buck not bank... + +EDIT 4: WHOOO! Here's PT. 2! [https://www.reddit.com/r/Superstonk/comments/vc4r0w/099509975\_the\_depegging\_danger\_zone\_pt\_2\_and\_what/?sort=new](https://www.reddit.com/r/Superstonk/comments/vc4r0w/099509975_the_depegging_danger_zone_pt_2_and_what/?sort=new) +I currently hold F at a cost basis of $17, and I'm long term bullish but I also doubt that it will rise above that price in the nearish future. + +My plan is to write covered calls about 2 strikes OTM (roughly one standard deviation) at one month out until I either offset my loss or the contract is exercised. + +The risk here is that my shares will be called away for a loss, but overall it seems like a much better choice than either selling for a loss now or holding until the price goes above $17 because the premium and movement above the strike price would both reduce my total losses. +So I am have been building a short position in oil stocks, and I would be fine to hold them longer. Anyway these stocks payout a decent dividend and being short requires me to cover it every quarter. + +If I sell a put against this short positions, basically hedging the naked short, do I cancel out dividends paid with my sold put as a strike price gets repriced with each dividend paid? + +Thanks. +[https://www.businessinsider.com/rob-gronkowski-contract-earnings-saved-advice-nfl-rookies-2018-10?fbclid=IwAR2D6IBOJWz-ZCQ\_cCZNYwLOcpVf53rsbrSlcSZ20ki3ccQ2n9lUXuwOofY](https://www.businessinsider.com/rob-gronkowski-contract-earnings-saved-advice-nfl-rookies-2018-10?fbclid=IwAR2D6IBOJWz-ZCQ_cCZNYwLOcpVf53rsbrSlcSZ20ki3ccQ2n9lUXuwOofY) + +Dude has it nailed. That's an easy path for everyone to follow right? ;) +All right folks for those of us who bought very cheap for a few thousands, "last chance to buy at 30k" can also very well be "last chance to sell at 30k". + +So reality is -25% is nothing for a bitcoin correction so if you believe you want to sell part of your portfolio to rebuy cheaper, just do it, and if you want to HODL for ever without taking this risk, good for you we will meet again at 150k anyway but don't spread intox like this. + +&#x200B; + +by the way I am posting here after several removals from r/bitcoin, we do have different opinions but this censorship needs to end if we want cryptos to be taken seriously. +Hi, I’m about to start a new job with a £6000 car allowance on top of the salary. The contract states ‘Subject to you holding and continuing to hold a valid driving licence, the Company will provide you with…’ + +During the call where they explained the offer details, I said that I don’t have a car and they said that it was essentially just extra money in your pay cheque. + +If I don’t have a licence, do I miss out on this extra allowance completely? Will they check this at all? Should I start driving lessons to collect this extra £6000? Any advice or previous experience would be appreciated! +I'm in my third out of four years of my uni course and still don't really have much of an idea of what I want to do afterwards. Often its hard to see what sort of jobs are actually out there which is why I made this post. + +I'm interested as to: What you do? Do you enjoy it? How many hours do you work? Is the pay good? Is the progression good? Also what advice would you give to a uni student who wants to get into your job/career? + +I think this question will be quite useful generally for uni students who read this sub but if you want heres some info related specifically to me (any advice appreciated). + +I will probably graduate with a 2:1 MSci in Physics from a Russell Group Uni. I'd say I'm pretty good at maths and starting to get quite good at MATLAB. (Considering picking up some Python in my spare time but idk how useful this would be). I was told its a valuable degree when I signed up but I don't know how true that is. + +Thanks! + +Related to personal finance as one of the biggest influences on your finances will be the job/career you do. + +&#x200B; +CNBC’s Jim Cramer on Wednesday said that investors urging traders to exit the market while they still can are about a year too late. + +“I’m done with all the ‘now is the time to get out’ calls — where the heck were you 10 months ago when it mattered? It’s not just the post-Covid kiss of death, it’s multiple kisses, multiple fatalities,” he said. + +Stocks rose slightly higher on Wednesday as they fought to recover after the major indexes saw the biggest single-day drop in over two years on Tuesday. Investors also are eyeing the Federal Reserve’s meeting next week, where it’s expected to raise interest rates by 75 or 100 basis points. A basis point is 0.01 percentage point. + +While persistent inflation and the Fed’s battle against it could further wreck the market, the declines are nothing new, the “Mad Money” host said. + +According to Cramer, while there are industries that have seen huge declines this year, such as tech, there are also lower-profile bear markets that show the market declines have been far-reaching. + +Auto companies have seen losses this year, as have retail stocks, he pointed out. Companies with business in home renovation have also struggled, while telecommunications and entertainment stocks have also cratered, he added. + +“We’re already nearly a year into this decline. I just wish the so-called professionals would act like it,” Cramer said. + +Source: [https://www.cnbc.com/2022/09/14/jim-cramer-calls-on-wall-street-to-stop-the-get-out-calls.html](https://www.cnbc.com/2022/09/14/jim-cramer-calls-on-wall-street-to-stop-the-get-out-calls.html) + + Jim Cramer says “I’m done with all the ‘now is the time to get out’ calls... where the heck were you 10 months ago when it mattered?”, and that to exit the market while still can are about a year too late. Do you agree? +I signed up for a class tonight in order to learn more about the composite index created by Connie Brown. $575. When I asked about the moving averages contained within the indicator, I was roughly told "you're new, and you should go read the book I wrote" . I read the book and it didn't answer the question I was asking. I wasted my money, so you don't have to waste yours. +Hi Mark, + +you stole fb of the Jock rowing twins + +you stole instagram + +you stole whats app + +and you stole Oculus. + +Now you want to Steal Meta from GME, and guess what. You cant. + +You will alway be remembered as the cuck who founded phucbook. Weve seen you sell your shares of FB. + +RC is the new Sheffiff in town - +[The Use of Knowledge in Society](http://www.aeaweb.org/aer/top20/35.4.519-530.pdf) + +> The author addresses the fundamental question of the nature of the economic +system and, in particular, its role in dealing with resource allocation when a fundamental knowledge base is distributed in small bits among a large population. +The knowledge needed includes consumer valuations, production relations, and +resource availabilities. In particular, general scientific principles, where expert +opinion might be best, are only a small part of the knowledge base. The author +argues for the importance of a price system in achieving coordination and effciency in resource use without implying an impossible aggregation of information +in a central place. +[Uncertainty and the Welfare Economics of Medical Care](http://www.aeaweb.org/aer/top20/53.5.941-973.pdf). + +> This paper provided a framework for thinking about the economics of the market +for medical care using the language and tools of modern microeconomics. It argued +that the aforementioned market is beset by market failures because consumers are +exposed to risks that are not fully insurable (in large part due to problems of moral +hazard), and because they lack the information and expertise required to assess +risks and treatments. It hypothesized that various salient features of the institutions +governing the provision of medical care are best understood as social adaptations +aimed at redressing the resulting inefficiencies. It also noted that in some cases those +institutional adaptations undermine competition and perversely contribute to ineffciency. Though written well prior to the emergence of the formal literature on asymmetric information, the paper anticipated many of the central issues that continue to +occupy health economists today. +I live in one of the most expensive places to live in the UK (Cambridge) and I am saving for a deposit for my own place as I live in a shared house at the moment. I like living in Cambridge but house prices are expensive for my salary. The only real thing I can afford is a shared ownership. + +House/flat prices are around 300k plus. + +I am f29 and am on around 33k as a software developer and I am trying to save around 15k for a deposit. I don’t want to be sat in shared living for years. + +My question is, is it really worth it or I can do something better with the deposit? + +Edit: + +So my key take always from this: +- As a 4 year React dev, my salary sucks +- I should look for a new job or negotiate a pay rise +- save and maybe buy someone commutable +- don’t bother with shared ownership. +I know this sub is diehard XEQT, but I believe most would agree that XBAL is considered less risky during most market conditions. I've been hearing a lot of negativity surrounding bonds, even moreso than equities. + +Could there potentially be more downside in the short-term for XBAL? Or is that an unrealistic expectation? +Hi All, + +&#x200B; + +I am new to this investing thing and currently familiarizing myself with different terms. + +can someone please explain whats the difference the Management Fee & Management Expense Ratio (MER) + + [https://www.blackrock.com/ca/individual/en/literature/fact-sheet/xgro-ishares-core-growth-etf-portfolio-fund-fact-sheet-en-ca.pdf](https://www.blackrock.com/ca/individual/en/literature/fact-sheet/xgro-ishares-core-growth-etf-portfolio-fund-fact-sheet-en-ca.pdf) + +&#x200B; + +I thought XGRO is one of the lowest fee All in one ETF and most all in one ETF charging MER in-between 0.18% - 0.25% but in the doc from the above link their MER is 0.84%. Isn't this high compare to other All in one ETF ? + +&#x200B; + +Thanks +I just wanted to share what I consider a parenting success story. My wife and I have been giving $20/week to our 11 and 8 year old every Saturday for some time now. Not tied to chores or grades or anything, nor did we put restrictions on what they could buy. Our goal is to teach them about managing their money and what it means to spend it. For a long time, we rarely had to physically hand them paper money because as soon as payday rolled around, they'd want to buy something for one of their digital games. Sometimes they'd even ask for an advance, which we refused. Once you spend the money, it's gone. They'd almost always spend their money on some skin or in-game currency on a game, get bored with that game, and then move onto the next one. Wash, rinse, repeat. + +Recently, my 11 year old has been saving most of his money to buy a laptop. The last time we sent him to the grocery store (we live 2 blocks away in a small town), he even bought his brother a treat because his brother had spent all his money for the week. It has been so satisfying to see him create a financial goal and a plan to reach that goal instead of spending his money just because he has it. It's cost us hundreds of dollars, but I feel it will save him thousands or tens of thousands of dollars by learning this lesson before he lives on his own. We are fortunate enough to have the cash to give to the kids, so I understand this isn't something everyone has the luxury of doing. I wasn't 100% sure how this would turn out, but I am glad we gave it a try. + +Edit: Thanks the wonderful responses and advice. A common question has been if I’m worried about teaching them that they don’t have to work for their money, which I understand. We do require the children to do chores, but we don’t believe in tying their allowance to these chores for several reasons. The first being that we didn’t want to introduce another variable to this lesson. This is strictly about teaching financial management. We also feel that basic chores aren’t something that deserve a financial reward, but rather a responsibility that comes with being a family. We also feel strongly about volunteering in our small town, where many activities and events require community involvement in order to happen. I want the boys to learn that you can work without reward. Finally, we live in a small town in North Dakota. There chores aren’t just basic tasks line sweeping or mowing. One of the things they help me with is shoveling snow when it’s -5. They also help my dad on the farm. I’m definitely not worried about the boys struggling to learn the value of hard work even though we’re giving them money every week. They’ll get summer jobs just like I did when they’re old enough, and we’ll contribute to an IRA for them so they can learn that saving early pays off later. + +I really appreciate all the feedback. Definitely some great ideas to incorporate. Thank you so much! +Once in a while I think by myself "lets give my mom and dad a visit", since I am obviously the most favorite son of 3. So I went there to watch some football and it was all nice and fun. All of a sudden, during the commercial brake, my dad asked: "Son, do you have money invested in Bitcoin?". I replied "of course I did.", knowing that he (as an old fashioned-, retired-, stock guy who likes to argue) was starting an argument about it. He started ranting on how it is just one big scam and "all those other bitcoins" (meaning altcoins red.) are even more so. And they have no real value or use, now or in the future. So I asked why he was thinking that, giving the fact that his statement was so absolute. The poor man based his assumption on just one (!) article in the financial times, "and other articles" but he couldn't clarify which ones. He also stated that he never seen any blockchain is use in practice. So I started to explain what blockchain does and what the difference is between different coins or tokens. He simply replied: "if you believe that, than you are a believer and just as well join a church". With those kind of arguments, you can basically never lose one.. However, long story short: don't try to be a good son, don't argue with your dad and don't cut the brakes on your dads car, you will regret it. +[Name], your score went down - next steps +[Name], there’s something new on your… +[Name], your score went up - nice work + +Except nothing has changed. Get these emails multiple times a week. Score remains a constant, no new searches or accounts (apart from the soft searches credit karma add every time I visit the site) + +Is something seriously wrong or are they just emailing me in an attempt to drive me to take out credit? +In some ways London exchanges banning "Nickel" purchases is much much worse than turning off the buy button last year. THE "LME" is the "London Metals Exchange". + +&#x200B; + +https://preview.redd.it/jpfn6b3fjdm81.png?width=683&format=png&auto=webp&s=d8be6ce1a79c76ba3209e8d4afba6ed77b98f2f2 + +Nickel is an actual commodity... in essence no different to corn, wheat, oil or even bread. In 2022... Price Discovery can be destroyed by Exchanges if it hurts them and no one bats an eye... + +What is a commodity? + +[\\"A useful or valuable thing...\\"](https://preview.redd.it/xvs012vbidm81.png?width=665&format=png&auto=webp&s=19ccae1da18943414f960bac0c7189d34c536c7f) + +**What happened?** + +[https:\/\/tradingeconomics.com\/commodity\/nickel](https://preview.redd.it/zhf8og8vidm81.png?width=729&format=png&auto=webp&s=01682ebedd705d83230cffd2fd77d8e5824c488a) + +**Classic Short Squeeze...** + +Nickel futures topped the $100,000 mark for the first time ever and almost tripled in value during Tuesday and Wednesday session as Western sanctions against Russia over its invasion of Ukraine sparked concerns over the metal supply. The unprecedented move in the nickel market led the London Metal Exchange to halt trading and noticed that it’s unlikely to reopen before Friday. + +**Nickel Market is closed until Friday...** + +The LME turned off Nickel for one week. How is this a free market? Why do they shut off an entire commodity to the world? How are people not outraged? Whats next... you cant buy oil... then bread... + +The market makers and centralized exchanges are rigging markets around the world. I think this is one of many - and when the system starts to collapse you're gonna see squeeze all around. + +Im more jacked for GME... GME is the mother of all short squeezesssss.... Nickel is a joke compared to GME. + +**TL:DR Markets that run efficiently don't need to be turned off. The centralized markets and powers have been f###### around for too long and about to find out.** + +DRS your shit... not fa... +For some reason I am interested to hear about any huge accounts getting wiped out. Tell me the worst story you’ve got or have heard! I lost 1k before, but has anyone seen someone lose 50k or more in short time? +So I'm learning forex :) Did some analysis. Logged in expecting to see either a big gain or a small loss but saw neither. Instead I'm about $100 up (which for my practice $100k account, that's about 0.1%). + +My question at this stage is, do I: (1) move my stop loss so that I don't lose any money in the worst case scenario or (2) do I keep everything as is and wait for it to do what I was hoping for? + +To provide a bit more context, it went up from being below my MA's to hitting what was a support level in the past but now it's looking like a resistance level. +Hey guys lately I have been interested in building an automated system with excel, can you guys link me guides where I can learn (DM me if it's your personal blog). I'm completely naive, it'd be really helpful if you can guide me. +So I'm learning forex :) Did some analysis. Logged in expecting to see either a big gain or a small loss but saw neither. Instead I'm about $100 up (which for my practice $100k account, that's about 0.1%). + +My question at this stage is, do I: (1) move my stop loss so that I don't lose any money in the worst case scenario or (2) do I keep everything as is and wait for it to do what I was hoping for? + +To provide a bit more context, it went up from being below my MA's to hitting what was a support level in the past but now it's looking like a resistance level. +https://www.news.com.au/finance/real-estate/data-shows-17-million-australian-borrowers-are-in-housing-stress-following-interest-rate-rises/news-story/78407ccf148036293e01933f747a97c7?amp +[I made the CIIC DD last week](https://www.reddit.com/r/wallstreetbets/comments/jwoakc/the_next_ev_play_ciic_and_arrival_merger/) when it was $12, there was no mention of CIIC anywhere (I monitor daily threads). [Today it is at $23.5 and raising.](https://www.marketwatch.com/investing/stock/ciic). + +&#x200B; + +With all these EV stocks popping up, + +# my next play is the merger of $THCB and Microvast + +([Bloomberg article](https://www.bloomberg.com/press-releases/2020-11-13/tuscan-holdings-corp-announces-intent-to-combine-with-microvast-inc)). You might say, the merger isn't confirmed yet. That is true, but that's how you maximize profit before the news sets in. Bloomberg has never been wrong about any SPAC rumour except once (Topgolf). THCB will be able to sign an extension by Dec 3rd, likely to be beforehand) + +Right now, without an agreement confirmation, $THCB has barely popped yet, shares and warrants are still cheap. There is virtually 0 downside risk, THCB shares are currently at $10.44, like most SPACs, you can redeem shares to $10 cash if it fails through, which is unlikely to happen. + +&#x200B; + +**So what is Microvast?** + +TLDR: EV Battery Maker based in Texas, business focuses in Asia (China market is $$). One of the best EV battery techs right now. Already has 100M revenue this year. + +It makes EV batteries based on Lithium Titanium Oxide (LTO) chemistry. Microvast's batteries have longer life, shorter charging times, and offer substantial lower cost of ownership by eliminating swapping station infrastructures required by buses running on LFP batteries. + +[Their batteries powered the electric buses used in the 2018 Winter Olympic Games, it expects to generate more than $100 million in revenue this financial year.](https://www.reuters.com/article/microvast-ma-tuscan-holdings/ev-battery-maker-microvast-to-go-public-through-spac-merger-idINL4N2HZ3SI) Most other EV companies don't even have revenue yet. + +If you missed out on CIIC train, this will be the next hype play. I don't expect it to have big jumps in the next few days, but the merger agreement with Microvast should come out within the next 2 weeks. Get in early before it comes out and jumps up 50%. Shares and warrants are both cheap as fuck right now. Once merger is announced, THCB will easily go to \~$20 range. + +EDIT: **it is NOT a cannabis/weed stock. It is a SPAC to merge with a EV battery maker.** + +&#x200B; + +# Reminder: Gonna take a couple weeks before it moons (from merger agreement confirmation), BE PATIENT + +&#x200B; + +***BE PATIENT*** + +***BE PATIENT*** + +&#x200B; + +Positions: Load up on THCB shares and warrants. (I am going 30|70). +Guten Morgen to this global band of Apes! 👋🦍 + +Another day of extremely low volume brings us to the brink of having the 10 lowest-volume days within the last 30 days. +This further demonstrates to me that DRS is having an impact. +Clearly, the Apes are not selling. +We know what we HODL, we know why we HODL, and our Diamantenhände won't budge. +When combined with extremely high daily short percentages, it's clear that much of the volume that is there is manufactured to keep the price down. +While it may buy another day for the hedgies, it has no chance of getting them out of this predicament. + +In the UK, the selection of the new Prime Minister seems to be quite suspicious. +He is clearly a friend to the large institutions. +It made me wonder if the SHFs might be hoping to delay long enough for the US congress to flip, helping them to push through legislation to bail them out. +I'm not qualified to know the extent to which these political moves affect the MOASS, but I do know one thing: + +The MOASS is inevitable. + +Today is Tuesday, October 25th, 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: **$24.63 / 25,00 €** *(volume: 600)* +- ⬜ 115 minutes in: $24.63 / 25,00 € *(volume: 600)* +- ⬜ 110 minutes in: $24.63 / 25,00 € *(volume: 588)* +- ⬜ 105 minutes in: $24.63 / 25,00 € *(volume: 588)* +- ⬜ 100 minutes in: $24.63 / 25,00 € *(volume: 588)* +- 🟩 95 minutes in: $24.63 / 25,00 € *(volume: 588)* +- 🟩 90 minutes in: $24.63 / 25,00 € *(volume: 586)* +- ⬜ 85 minutes in: $24.60 / 24,98 € *(volume: 449)* +- ⬜ 80 minutes in: $24.60 / 24,98 € *(volume: 449)* +- ⬜ 75 minutes in: $24.60 / 24,98 € *(volume: 446)* +- 🟩 70 minutes in: $24.60 / 24,98 € *(volume: 275)* +- 🟥 65 minutes in: $24.60 / 24,97 € *(volume: 235)* +- ⬜ 60 minutes in: $24.73 / 25,11 € *(volume: 235)* +- ⬜ 55 minutes in: $24.73 / 25,11 € *(volume: 235)* +- ⬜ 50 minutes in: $24.73 / 25,11 € *(volume: 103)* +- ⬜ 45 minutes in: $24.73 / 25,11 € *(volume: 103)* +- 🟩 40 minutes in: $24.73 / 25,11 € *(volume: 98)* +- 🟥 35 minutes in: $24.73 / 25,10 € *(volume: 98)* +- 🟥 30 minutes in: $24.73 / 25,11 € *(volume: 53)* +- 🟩 25 minutes in: $24.77 / 25,14 € *(volume: 53)* +- 🟥 20 minutes in: $24.76 / 25,13 € *(volume: 53)* +- 🟥 15 minutes in: $24.76 / 25,13 € *(volume: 53)* +- ⬜ 10 minutes in: $24.77 / 25,14 € *(volume: 10)* +- 🟩 5 minutes in: $24.77 / 25,14 € *(volume: 10)* +- 🟥 US close price: $24.71 / 25,08 € *($24.85 / 25,23 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9851. 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! +We have had this ranch estate property for a long time. Recently due to the sudden interest in Coeur D’alene we have been getting offers. Should we consider selling it in this market or hold onto one of the more rare pieces of land in the area? +I am currently 22 years old and about to graduate college. Thanks to so previous business ventures, I am currently sitting at a networth of around 275k. + +I was bored and looking at houses in the University neighborhood I'm currently in and saw two houses that really caught my eye. They are about a 5-10 minute walk away from campus, and are about a block away from the big party street (hoping this will save me from rambunctious tenants) + +After looking at the numbers, I could afford to buy one of these houses outright, and put 20% down on the cheaper of the two. This being said, I know I won't be able to rent the houses out for a full year as most students already have housing for next year (I'll still market a little but assuming the worst). After I take care of all costs, taxes, mortgage, etc. I would have around $15,000 left in my bank by the time I was able to start filling tenants. + +My question is am I being to optimist? I've renting in this same exact neighborhood for the last two years and I know how much rent goes for. Assuming that I am able to fill 9 tenants every single year, I'll be able to pay the second house off in about 9.5 years and would eventually want to get more houses. Am I missing some part of this? I would like to look at and speak with the realtors, try to negotiate prices, and take a look at the houses to get a better idea of what I'm looking at. + +When it comes to repairs, I am really handy. My father was a contractor and I learned everything from him. Most repairs, painting, general "fixing up" I would be able to handle myself. + +Is both houses a bad idea? Should I just go for one? Is this whole plan stupid? I would love to be able to hear advice from people who actually do things like this, and if a college town is just too risky of an area. +I've seen owner occupied mortgages say that you must live in the home but I've never seen this before. What if something changes and I want to live in it? I don't plan on it but you know. +Following the current market downturn, I became scared that Coinbase would fail and I would lose all my Bitcoin. + +I always stay up to speed by reading random crypto news. And I just read their statement that clearly said “*In the event of a bankruptcy.....customers could be treated as our general unsecured creditors.*” + +When I came through this [thread](https://www.newsbtc.com/news/company/coinbase-is-on-a-downwards-spiral-and-could-be-taking-your-crypto-with-it/) it made me feel relieved because I knew I did the right thing. It's a good thing I got rid of my cryptocurrency on Coinbase and switched to a hardware wallet instead. Now that I have control over my coins, I feel so much better. + +This is why you should keep your cryptos away from exchanges and be in your possession instead. "Not your keys, not your coins," as the crypto phrase goes. +I have a friend I've known since high school and he has been wanting me to stop in to his shop to get a cut. We have been chatting about crypto recently and he's interested in learning more about it. Today I stopped into the shop and got my hair cut and when it came time to pay I asked if he wanted cash or ETH. I had purchased some Ethercards a few weeks ago, shout out to u/nickjohnson , and came prepared today. He wanted ETH! I had loaded a small amount of ETH onto my Jaxx wallet earlier and opened it up. I scanned the QR code and sent the funds. He was impressed and all the guys in the shop were asking about crypto and were intrigued. Now we have to plans to set him up a MEW wallet and show him how to trade, cash out/buy more. Pretty cool stuff. I can't want to pay like this in the future. +Since the inception of this trading subreddit and since the beggining of retail trading, there has always been two groups: smart money and dumb money. Smart money moves the market, dumb money is reactionary. If you can't figure out which group you're trading along with, chances are you're dumb money - and that's what most day traders are. The trollbox is filled with these people. You can spot them when they ask things like "ETH to $5 tomorrow?" "ETH hitting $15 within 24 hours?" "Why is it falling/rising?". So many people will trade a financial instrument without understanding its use and fundamental value and will only rationalize and justify their entry AFTER they are in the trade (and usually after they are in the red). + +Movers and Shakers + +The market movers are the whales, banks, hedge funds, individuals with deep pockets. These people will never tell you what they are up to. And if they ever do broadcast their positions, it will only be to benefit themselves. This doesn't mean that you should take the opposite side of their position or jump into the same trade as them, this advice is for the new daytraders who are looking for a handout. If you are a good, consistent trader, chances are your expendable cash is in the 6 or 7 figures. The crypto markets are too thin for someone with 7 figures to get into a position and then decide to do an altruistic deed by helping out other traders who choose to not do their due diligence. + +The whales don't owe you anything. This is a business and every trader is a competitor. The smaller day traders might share information between each other just like a town will work together to help each other out, but you won't see Amazon or Walmart helping out a little "mom and pop" shop any time soon. Just like banks work together to move the markets against retail traders and traders from different regions, so to can the whales band together and create shakeouts to take money from a 1000 day traders and distribute it amongst themselves. + +Traders' Folly + +No matter how good of a trader/investor you are, you've surely had your bad days. And no matter how bad of a trader you are, you've also had profitable days. I always keep 3 quotes in the back of my mind while trading: + +- The market can stay irrational longer than you can remain liquid. +- Be fearful when others are greedy and greedy when others are fearful. +- A broken clock is right twice a day. + +The first quote is to keep me from staying in a position that I know may be right position, but initiated during the wrong time. As your position goes deeper and deeper in the red, you might be panicking and telling yourself, "I did all the analysis, the fundamentals line up, good news came out, market sentiment is bullish, so why is this going down?" For your sake, it doesn't matter why it's going down. If you don't have enough money to weather the downturn/pullback/shakeouts, then you are overleveraged or entered at the wrong time, therefore you need to get out before you and your ego get burned. + +The second quote has made me a good amount of profit over the last week. The trollbox can sometimes be the best indicator. There is no doubt in my mind that the whales have accounts that implement FUD/Hype in the trollbox. But the interesting thing is that they don't need to do this. When a whale initiates a big buy order and price begins to rise, the dumb money piles in, raising the price with each order and doing the heavy lifting for the whales while getting into a position at a worse reward to risk ratio than the whales. Along with that, they need to justify their positions by hyping it up and getting as many people the same position as they possibly can. Just ask yourself, "how many people with 250 BTC+ accounts are broadcasting their positions and how many <10BTC accounts are boradcasting their positions?" Chances are, the bigger accounts are keeping to themselves. As a matter of fact, they stand to gain more from giving out the exact opposite information to help create liquidity for themselves. If any of you read the daily price discussion from yesterday and today (3/7-/3/8), you'll know that the overwhelming majority of traders believed that the price was going to continue falling and even accelerate further towards the downside. The weak bulls were losing hope and the weak bears were gaining confidence. And what happened? ETH rose 25% within 6-12 hours. + +The third quote is to keep your mind from wandering to the self-proclaimed analysts who post pictures of charts with indicators that are pointing heavily in one direction and then using these numbers and giving it the same weight as a news story or an announcement of large capital infusion. Lurk long enough on this subreddit and you'll see the same names over and over again being extremely bullish or extremely bearish when market conditions are in their favor, but when markets are going sideways or even against their position, they're silent. No where to be found for days until the market corrects itself. That's what most analysts are on Wall Street. The majority of them will not make any risky reports like "Oil hits bottom, will see $100 a barrel by 2018." Most of the time these analysts won't even give you specific entry and exit positions and specific timeframes, they'll just tell you that the market will go up eventually. By how much? For how long? When will it start? If you can't answer those questions, then you're not an anlyst, you're dumb money following the trend and hoping you don't lose your account. Or you're an analyst because you don't feel comfortable enough in your knowledge of market conditions to actually place a trade. + +Manipulations + +People with a lot of money most likely didn't get to that position by making sure that everyone else had a fair shot at the piece of the pie. Don't put anything past them. If a person has 250k to play around with, you should expect that they will implement foul play to protect their downside. It doesn't take a lot of skill to create a Hype/FUD bot that can control multiple accounts and chant phrases to help pump or dump their position. Also, I don't know how much effort or money is used to create the lag that Kraken has experienced several times over the last few months, but I'm almost certain that it's profitable enough for the whale(s) to keep doing it over and over again to help manipulate price and spread fear. + +TL;DR + +If you can't spot the sucker, it's probably you. Take every trading signal from others with a grain of salt and always question everyone's intentions. After all, good entry signals are basically free money. Why would a stranger want to give you free money? + +If this information was helpful for you in any way and you would like to see more stuff like, please leave some feedback [here](https://www.reddit.com/r/ethtrader/comments/49mmms/would_you_guys_be_interested_in_a_site_dedicated/). Based on the response I can gauge whether it will make sense to create a website teaching new and intermediate traders how to trade properly. +I work for a company that handles sensitive information. I installed Brave browser to try it out, just out of curiosity. Yesterday opened a private tab. + +Today I was contacted by security team regarding my opening a private tor tab on the Brave browser! + +Takeaways: + +1) Common sense: Don't use private tabs at work (I was just messing around but nearly got fired) + +2) My main lesson here: Brave has a real ability to protect your privacy, even on someone else's network! + +Going to make Brave my only browser at home and mobile after this, just wanted to share - now don't go losing your jobs with ETH so low! + +I've been using MakerDAO for a couple weeks now and have been locking up my ETH as collateral to make some profits. + +Their **System Collateralization Ratio** has been very consistent the last couple weeks. Personally, I have been withdrawing some DAI while prices have gone up, and used the DAI purchased to re-buy ETH and repeat. + +&#x200B; + +I've noticed that when prices go up, I end up buying more eth to re-invest. If I was able to realize this, I'm sure there's a lot of smarter people that have been doing this for a while. HERE'S WHY I'M PREDICTING DEMAND ON CHRISTMAS EVE: + +* Big spending on "insert here" holiday has historically been wrong. How many Chinese New Year's and Wall Street Bonuses will we anticipate before we realize crypto isn't controlled by a holiday? +* Following that logic, who's to say there won't be a bull run on Christmas Eve? +* Here's my reasoning for the run. Don't be afraid to comment with your opinion: + * Everyone is expecting some kind of bounce back. The first time ETH had $1 billion in volume in 24 hours was when ETH was valued at $150. After that, ETH would break $1 billion in volume once a week. + * From 1/1/2018, there has not been a day where ETH has had less than $1 billion of volume in 24 hours. And that was when ETH was more expensive, at $1300 in January 2018. + * ETH has comparable trading volume to the ATH this year, but the difference is ETH's current market cap 1/10 the ATH. That is an extraordinary amount of demand. + * On MakerDAO, average collatoralization % has historically been around 250%. With the very quick run up we've had tonight, the average collatoralized % is over 400%, because people have not been paying attention to coin prices on a Sunday, because hey, tomorrow is Christmas Eve. + * The second they realize how much prices have jumped up, when they look Christmas Eve Morning (I check coin prices a couple times a day, so I'm sure others do too.), they'll want to use some of their profits to withdraw more DAI to buy more ETH, and re-invest their ETH into their MakerDAO account. Sound familiar??? + * This brings me back to one of the earlier bullet points of high ETH volume. The $1b in ETH volume has been from normal trades/exchanges/etc. NOW, we have a group of people motivated to constantly repurchase ETH when prices go up (yes, I'm talking about people with a position on MakerDAO). + * Serenity, network effects, locked up supply for POS validations, etc... + +&#x200B; + +Disclaimer: All of this information is already available online. Sources: + +MakerDAO collatoralization %: [https://mkr.tools/system](https://mkr.tools/system) + +ETH historical volume: [https://coinmarketcap.com/currencies/ethereum/historical-data/](https://coinmarketcap.com/currencies/ethereum/historical-data/) + +&#x200B; + +&#x200B; + +&#x200B; +The Swarm City team have just released the MVP of Boardwalk that is available for use on swarm.city. Despite the fact that it is one of the first working, directly usable DApps delivered on time, its release hasn't received remotely the attention it deserves IMO, which motivated this post. + +It is an app that allows peer-to-peer transactions involving the Swarm City token (SWT). Despite the fact that the app still has a few rough edges and probably some bugs and its seeming simplicity, it utilizes three pieces of bleeding-edge tech: smart contracts, IPFS and Whisper, and it clearly works. + +The basic idea is that there is a hashtag under which people may post requests for services at a certain price in SWT. They receive publicly viewable offers (price counteroffers from service providers aren't available), one of which they can choose. Once a client selects a service provider, two things happen: + +1) Both the client and the service provider have their accounts debited by the stated amount of SWT which is put on escrow. + +2) They can chat privately. + +Once the service in question is rendered and the client is satisfied with it, she can initiate the payout, whereby the service provider receives both the payment and her deposit. The reputation is handled in a simple way: each completed transaction gives one reputation points. + +Some important tips: + +The app can be used on as many devices as you want by creating a back-up file of the original user and transferring it + +There is only one hashtag #pioneer available at the moment. Everyone who wants to transact should transact under this hashtag. The creation of new, more targeted hashtags like #needaride will be enabled soon. + +Make sure there is a certain amount of ETH on your address in order to pay for gas for transactions. + +If you have a lot of SWT don't hold large amounts on the wallet used in the app + +Disclaimer: I am invested into SWT, and because of that, but also because I am a big enthusiast of blockchain tech, I'd like to see it succeed. +Bank of Canada Deputy Governor Tim Lane explains the Bank of Canada's thought process during its response to the pandemic, and thoughts on Canada's economy going forward. + + +He says that he expects Canadian inflation to remain near 5% throughout the first half of 2022. + +[https://www.youtube.com/watch?v=07ucaiRTL0w](https://www.youtube.com/watch?v=07ucaiRTL0w) + + +He talks about a lot of things, including the supply chain, but unless I missed it, there was no mention of housing or shelter in either the speech or the questions. +So i’m 18 years old .. I’m going to college this fall. Long story short i’ve had this job for about a year. I made a lot of mistakes spending my money in the wrong way etc so I actually only have 1.3k in my savings. I can finance a laptop I am REQUIRED to have for college or I can pay it all off in one day. What should I do ?? Also, If I do go the finance route for this laptop what are the first important steps I should take ?? + + + +THANK YOU IN ADVANCE FOR ALL THE REPLIES AND HELP +**To start, PLEASE take a look at the graphic** as it shows the relationships between the GME tokens a lot more clearly than I've seen anywhere else so far - [GitHub - schismsaints/GME\_NFT](https://github.com/schismsaints/GME_NFT) + +**Edit: Putting this disclaimer in a number of places, but not all of these coins have been verified and you shouldn't just go out and buy a random coin because someone on the internet thinks there's an off chance it's not a scam.** + +Like many, I was intrigued when I heard about GameStop dabbling in NFT - first, through the [job postings](https://finance.yahoo.com/news/gamestop-hiring-blockchain-analyst-specializing-075700175.html), then with [nft.gamestop.com](https://nft.gamestop.com). I did a [brief dive into some of the smart contract details](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/gzgpytb/?context=3) back when it initially came out but recently have gone much further down the rabbit hole. + +I'll summarize some of the juicier bits and provide some speculation as to what it could mean as well as some resources to familiarize yourself with some of the details of blockchain, smart contracts, and tokens, but I have put together a [larger graphic](https://github.com/schismsaints/GME_NFT) in PNG/PDF/SVG formats visualizing some of the connections a little better (fair warning, I'm an engineer not an artist). I recommend loading it in a full web browser on as large of a monitor as possible. You'll understand why when you see it. + +First, a few key terms/concepts. + +**Blockchain**: In very simplistic terms, think of the blockchain as a ledger/record keeping system where each 'block' is a record and linked to the previous and next blocks in a chain. The process of adding a new 'block' involves computing and verifying prior information in the chain to ensure that nothing has been tampered with and that the full history of the chain is intact. + +[Blockchain Definition: What You Need to Know (investopedia.com)](https://www.investopedia.com/terms/b/blockchain.asp) + +**Fungible**: "being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account " (src: dictionary.com) + +**Token**: This is probably the part most people understand, though there are some nuances. There are two types of tokens and a number of differing implementation standards. + +* Fungible Token - ERC-20: A token that is one of a pool of identical tokens. They can be split, transferred, or exchanged and are commonly used as currencies. Most established mainstream or alt- coins fall into this category. + * [Cryptocurrency Definition (investopedia.com)](https://www.investopedia.com/terms/c/cryptocurrency.asp) +* Non-Fungible Token (NFT) - ERC-721/ERC-1155: A non-fungible token is a unique entity on the blockchain. There are no others exactly like it, and it has its own record of ownership, attributes/metadata, and cannot be substituted for another token identically. [CryptoKitties](https://www.cryptokitties.co/) is one of the most popular examples as they basically pioneered the ERC-721 standard. NFT artwork is another recently popularized example of this. + * [Non-Fungible Token Definition: Understanding NFTs (investopedia.com)](https://www.investopedia.com/non-fungible-tokens-nft-5115211) + +&#x200B; + +[Non-Fungible Kitties!](https://preview.redd.it/hj74bjb47n971.png?width=300&format=png&auto=webp&s=b8fcbbce01a45c57fc93680483f9519a470ef057) + +**Smart Contract**: A smart contract is a way to automate 'stuff'. That 'stuff' can be any number of tasks but some of the most common ones include creating (minting) or destroying (burning) tokens from an available pool. This can be fungible or non-fungible tokens (or, in the case of ERC-1155, both/either). + +[Smart Contracts Definition (investopedia.com)](https://www.investopedia.com/terms/s/smart-contracts.asp) + +The GME NFT story started in earnest with GameOn Anon, the smart contract address posted at [nft.gamestop.com](https://nft.gamestop.com) + +&#x200B; + +[Power to the Players](https://preview.redd.it/x352qjj57n971.png?width=268&format=png&auto=webp&s=2c0d1ab1a3a208cd3b86a9dc799603a52463edd0) + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +There are a lot of interesting threads from the smart contract, the most well known of which is the "launchDate" variable which equals 04:20 PDT 7/14/21 (come on, that can't *not* be intentional). + +&#x200B; + +https://preview.redd.it/bja10vi67n971.png?width=633&format=png&auto=webp&s=a2cb5526b08222b15f4cfb9b8284c5faac57585d + +The [owner](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) of the smart contract is also interesting. + +It owns the only GME ERC-721 token, 420.69 of the GME ERC-20 token, an E t h e r e u m Name Service record ([gamestopnft](https://etherscan.io/token/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory)), and the 1337 [email signature](https://etherscan.io/token/0xc9ff785a33f2000652d0336e476a06ccd909317a?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory) prefix used for several blockchain constructs. + +It also received 0.00001337 E t h e r on 5/25/21 from andrwyng (wut doing Andrew Yang??) + +Edit: Not actually Yang - [https://mobile.twitter.com/andrwyng?lang=en](https://mobile.twitter.com/andrwyng?lang=en) \- thanks [/u/No-Information-6100](https://www.reddit.com/u/No-Information-6100/) + +&#x200B; + +[False alarm, but had me very intrigued when I saw it initially.](https://preview.redd.it/hprlbkr77n971.png?width=759&format=png&auto=webp&s=efef7ea335484ab1cef7f0e86fce04a2602f48f3) + +There are three GameStop specific tokens they appear to be working with, along with a number (>20) altcoins and other tokens. + +* [GME Coin (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) \- Qty 12,000,000 - Not confirmed, not too suspicious + * Possible online store/digital currency? Would be interesting if it functioned similar to a [stablecoin](https://www.investopedia.com/terms/s/stablecoin.asp) pinned to the dollar +* [GameStop (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) \- Qty 69,420,000 - Not confirmed, possible scam but has weird connections I haven't fully explored yet. + * They moved a large amount of this (>50%) to [Uniswap](https://en.wikipedia.org/wiki/Uniswap) which in layman's terms can be considered as kind of an escrow/holding/forex account but in the crypto realm. Quite a few have been distributed from here to over 60 different destination addresses. + * Yahoo! Finance lists the 'Implied Shares Outstanding' for GME as 69.38M, which is preeeeeetty close to the 69.42M tokens minted here. Could this be used as a shareholder dividend, potentially exchangeable between GameStop and GME Coin/USD? + +https://preview.redd.it/qm9w71ba7n971.png?width=336&format=png&auto=webp&s=8d3b8613f980d06adf1f2a7eca4bcfe792081704 + +https://preview.redd.it/0jexo0qa7n971.png?width=1334&format=png&auto=webp&s=6f5ab609573617f84a25e54a5df67ff3a7a295cd + +https://preview.redd.it/yppy9h3b7n971.png?width=1347&format=png&auto=webp&s=fdeece7225eafafb264cfc3a3beb0e0e458a0573 + +* [Gamestop (ERC-721)](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) \- Qty 1 - Confirmed legitimate + * There is only one of these in existence at this point with no clear use for it yet, but there are some interesting possibilities I've considered such as blockchain-based share tracking (i.e. each NFT would have a 'share # X' value on it) or as a shareholder ID token ('shareholder # X'). This one has the least clear forward looking use case at this point for me. + +**Possible Business Uses** + +* In-store currency - GME Coin can be used as an in-store currency/reward system +* Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies. +* NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms. +* Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain +* In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty + +**Possible Shareholder Uses** + +* Shareholder record keeping - have a token proving your status as a shareholder +* Share/securities record keeping - similar, but for shares. Kind of a stretch but could be a proof of concept for blockchain based trading +* Crypto Dividend - Provide GameStop (ERC-20) tokens, even fractional ones, as a shareholder dividend. Allow conversion to USD or GMECoin/USD to cash out. Provide a way to purchase or 'auction' GameStop tokens and you now have a shareholder perk with monetary value that could appreciate over time. + +Here's the PDF of the chart/diagram I put together, the github link also has PNG and SVG versions of the image. + +[GME\_NFT/GME\_NFT.pdf at main · schismsaints/GME\_NFT · GitHub](https://github.com/schismsaints/GME_NFT/blob/main/GME_NFT.pdf) + +TL:DR; GME doing crypto stuff. Lots of crypto stuff happening especially in the last week. Crypto stuff has lots of options, most of which will print money. + +&#x200B; + +[I like money](https://preview.redd.it/m98p6jtc7n971.png?width=492&format=png&auto=webp&s=28d229a20045e33ea3b43ab8b8557830a0970a25) + +Edit: to answer a good point brought up by /u/haydonny1 in the previous thread before I screwed it up with this edit :( - the alt coins could be sent by any random source and aren't concrete proof of anything. I still maintain that the three GME tokens may be legitimate and all have ties back to the original Smart Contract either one or two levels removed. I haven't investigated the altcoin sources enough to be able to say whether or not they're being worked on by GME at this point. + +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +* Is the address posted on [nft.gamestop.com](https://nft.gamestop.com) +* Owns 69,420.69 GameStop ERC-20 tokens +* Owns 2,000,000 GME Coin ERC-20 tokens + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad + +* Is the Smart Contract address listed in the source code of the [nft.gamestop.com](https://nft.gamestop.com) smart contract. +* Holds 1 Gamestop ERC-721 token +* Holds 420.69 GameStop ERC-20 tokens +* Holds gamestopnft.e t h and 1337 ERC-721 tokens + +**Double Edit: I'm seeing a lot of debate about the ERC-20 GameStop token and whether it's related to a scam site (game-coin or something, I think it's been pulled down and I can't find an archive now). At this point after digging multiple levels deep, I'm seeing a lot of conflicting information in the transaction logs and Uniswap destinations and I can't definitively say whether it's a scam or legit. I'm working on updating the graphic and will include a disclaimer, though I do still want to keep it in the picture until we can definitively rule it in or out.** + +Big thanks to /u/HandyBananaMan, /u/Peteszahh, /u/EngineeringDude2017 and others for their discussion and links to other resources. I have more work to do. + +**I'd hope it should go without saying, but don't buy a GME token on something that's not a GME app :)** +The wrinkles have called it long ago. + +It was foretold that GME would tank with the entire market at first and then rise from the ashes so highs so high you'd think it's a phone number, I'm preaching to the choir here as I know we are mostly all zen as fuck and know the price is wrong but just in case you had some doubts or fears this is your sign to relax. + +Also want to point out that Popcorn stock is now lower than January 2021 highs even after reaching almost 350% higher than that, that would be the equivalent of Gamestop going to $1722 then dropping back down all the way to $483, and then going even lower than that to $371 had they both stayed on the same path but we know a certain Citadel took interest in popcorn and inflated their price only to pull the rug on them. + +&#x200B; + +Buy, Hold, DRS, and the optional options if you know what you're doing. +Started as a grad in the IT field this year on 65k not incl super (VIC) and I absolutely love it but am definitely interested in knowing what others in other fields and states received as their grad pay +Good morning, + +Yesterday was choppy, with some stocks ripping up whilst others were very bearish. OCGN made some excellent moves so well done if you got in on that one. Here is my watchlist for today: + +1. **$CHCI (Comstock Homebuilding) -** This is our leading gapper right now with a nice low float (4.4m), decent price and high relative volume, but with seemingly no catalyst that I can identify. We've been beneath the VWAP for a while, but a recent break above has seen a huge increase in volume so this will likely be hot today. It's a little extended right now so I'm looking for a pullback and a reasonable setup before making an entry. +2. **$HTBX (Heat Biologics) -** HTBX has squeezed up nicely pre-market and is consolidating a little, but a break up past $19 is what I'll be looking for. +3. **$KALV (KalVista Pharmaceuticals)** \- Catalyst here is the announcement of positive data from a clinical trial. There has been a huge selloff already with this stock, so it may prove worthless. However, as the second-leader gapper this morning, currently pushing up to the VWAP I'll be watching for another squeeze. + +Other stocks I'll be watching: AUVI + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Have a good day. + +\-Rep +Credit Suisse issued the following PR: + +https://www.credit-suisse.com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf + +Credit Suisse AG Announces Event Acceleration of its XIV ETNs +New York February 6, 2018 Credit Suisse AG (“Credit Suisse”) today announced the event +acceleration of its VelocityShares™ Daily Inverse VIX Short Term ETNs (“XIV”) due to an +acceleration event. The acceleration date is expected to be February 21, 2018. +Since the intraday indicative value of XIV on February 5, 2018 was equal to or less than 20% of +the prior day’s closing indicative value, an acceleration event has occurred. Credit Suisse +expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to The +Depository Trust Company by no later than February 15, 2018. The date of the delivery of the +irrevocable call notice, which is expected to be February 15, 2018, will constitute the +accelerated valuation date, subject to postponement due to certain events. The acceleration +date for XIV is expected to be February 21, 2018, which is three business days after the +accelerated valuation date. On the acceleration date, investors will receive a cash payment per +ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date. +The last day of trading for XIV is expected to be February 20, 2018. As of the date hereof, +Credit Suisse will no longer issue new units of XIV ETNs. +On February 2, 2018, the closing indicative value was USD 108.3681. None of the other ETNs +offered by Credit Suisse are affected by this announcement. +On a throwaway for obvious reasons. + +I sold half my bitcoinstack last januari, to buy some 15$ ether. I've been holding 'em since then so needless to say it's grown quite a bit. + +My situation is as follows: I have about 3-4 years of net income sitting all in Ether. I have quit my job to focus on blockchain tech full time. It's not exactly my field, but with some experience and a little training I hope to be employable within a year or maybe two. I can definately give workshops, training, webinars, whatever based on what I know already (been into bitcoin since early 2013). My endgoal is to combine expertise with building projects, vlogging, articles, whatever comes my way and whatever I enjoy doing. Maybe I'll start my own busines, maybe I'll join a fun startup, maybe I'll join one of these big corporations currently starting up in the scene. (I have a uni degree, and 10 years of experience as a systems engineer and senior project manager) + +Awesome right? I think so, anyway! + +So this is my problem: while I am long term very bullish on Ether, I can't risk holding my entire livelihood invested in the coin. I mean, it can still go in any direction at any time. If it plummets 75% (it happened in bitcoin, it could still happen in ethereum) I am pretty shit out of luck, or at least in a very tight spot. Long story short: I want to spread my risks. + +Easiest way would be just to cash out completely, but that's too drastic I think. I am thinking of converting a few months (3, 5, 7 or 9) into fiat, so if the worst happens, I at least have some time to try something new or apply for my old job. This is worst case scenario I am talking about here (I mean, they say they'll take me back right away, but probably not after several years being out). + +The thing is, 3 months are fine to have cash in hand, but 9 months is a pretty sizeably portion, that I would otherwise not have taken out. + +Is there an optimal strategy, like dollar cost averaging, but reversed, to exit? Maybe take out 7 months, and then slowly re-invest as risks grow smaller? (As I progress I am reducing my risks of not succeeding) Just want to look at my options here. + +If it matters: crypto is seen as savings in my country - you pay between 1% and 2% on your total holdings yearly, independant of trading. So no capital gains like in the states. In fact, I can subtract my student debt so that takes a big chunk out of my net worth. Interest on that debt is less than 1% yearly so that's no biggie either. + +**tl;dr**: Will be living of my ether stash for the next 3-4 years ubtil I generate income. How do I mitigate risks or: what's my exit strategy? + +**edit: dammit I can't post reactions to the comments until I have 20 karma in this sub. If I never reach that, thanks in advance for all your input! I will react to them asap.** + +**edit 2: not sure what happened, I definately have enough karma, I upvoted and answered each comment, I checked on my alt account if it worked and all was fine. Now, for some reason, all but two of my comments are removed. If you are interested you can check my profile, they do seem to be readable there, at least on Relay for Reddit. Will try to contact mods about this. For what its worth, thanks for all the very valuable input!** + +**edit 3: I am an idiot, I need comment karma, not post karma... I only have 3 comment karma, if someone wants to help me out, there's a comment below you can help me out with...** +Yes - I know every single downside of owning a boat ... but I'm here in South Florida and I love being on the ocean as does my wife. + + +We are going to shoot a lot below our budget for our first boat down here - thinking 240 Vantage/ 280 Vantage / Outrage Boston Whaler but a bit overwhelmed with the choices. Thought process behind the Whaler is the resale value in 2 years or so if we want to trade up. + +Anyone ever buy down here/ own one of these boats? Must haves for resale/ value / fun? Things we don't need on it? + +&#x200B; + +Thanks! +So I currently have everything spread out at Fidelity, Schwab, Merrill, IBKR, Vanguard, and Etrade (\~$2M/ea). Fidelity gets me better IPO access but are there any other firms that have benefits for consolidating there? I imagine for access to private equity or VC you'd have to have MS or GS or some advisor manage your money and I'm not fan of wealth management fees and not a fan of that level of risk. + +But are there any nice perks like for credit cards or travel (like automatic status)? I remember Fidelity had a card with some cash back but BofA offers a nice preferred honors bonus that I already have. +Guten Morgen to this global band of Apes! 👋🦍 + +Once again, I write about what an exciting moment in time we are experiencing together. +On incredibly low volume, we witnessed another steep price attack. +This is nothing unusual, other than that it seemed to be in response to a mere 3% increase in the price. +Though the price ultimately recovered and increased marginally, such behaviors still stand out as desperate. + +Meanwhile, Fidelity's report of the open short interest is incredibly exciting. +With Apes having DRS'd a massive portion of the company's issued shares, the reported number is simply not possible unless phantom shares exist. +There is no way to borrow a share that has been DRS'd, so even if each and every single share that was *not* DRS'd were borrowed, it still could not be possible. +Though such reports have a tendency to be reported as erroneous, the care that Fidelity usually takes, especially on such a high-profile stock, makes me believe that it is legitimate. + +And that was just a Monday. What will we see today? + +Today is Tuesday, September 20th, 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: **$28.63 / 28,66 €** *(volume: 1208)* +- 🟩 115 minutes in: $28.63 / 28,66 € *(volume: 1208)* +- 🟥 110 minutes in: $28.63 / 28,66 € *(volume: 1152)* +- 🟥 105 minutes in: $28.63 / 28,66 € *(volume: 1152)* +- ⬜ 100 minutes in: $28.64 / 28,66 € *(volume: 1152)* +- 🟩 95 minutes in: $28.64 / 28,66 € *(volume: 1152)* +- 🟥 90 minutes in: $28.63 / 28,66 € *(volume: 1142)* +- 🟩 85 minutes in: $28.65 / 28,68 € *(volume: 1054)* +- 🟥 80 minutes in: $28.64 / 28,66 € *(volume: 988)* +- 🟩 75 minutes in: $28.68 / 28,71 € *(volume: 973)* +- 🟥 70 minutes in: $28.67 / 28,70 € *(volume: 669)* +- 🟥 65 minutes in: $28.88 / 28,91 € *(volume: 669)* +- 🟩 60 minutes in: $28.89 / 28,91 € *(volume: 669)* +- 🟩 55 minutes in: $28.87 / 28,90 € *(volume: 669)* +- ⬜ 50 minutes in: $28.79 / 28,82 € *(volume: 669)* +- 🟥 45 minutes in: $28.79 / 28,82 € *(volume: 669)* +- 🟩 40 minutes in: $28.80 / 28,82 € *(volume: 524)* +- 🟥 35 minutes in: $28.79 / 28,82 € *(volume: 514)* +- 🟥 30 minutes in: $28.84 / 28,87 € *(volume: 461)* +- 🟥 25 minutes in: $28.88 / 28,91 € *(volume: 439)* +- 🟩 20 minutes in: $28.97 / 29,00 € *(volume: 149)* +- 🟩 15 minutes in: $28.97 / 29,00 € *(volume: 148)* +- 🟩 10 minutes in: $28.96 / 28,99 € *(volume: 108)* +- 🟥 5 minutes in: $28.96 / 28,99 € *(volume: 108)* +- 🟩 0 minutes in: $28.97 / 29,00 € *(volume: 108)* +- 🟩 US close price: $28.96 / 28,99 € *($28.90 / 28,93 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.999. 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! +Serious question… If cryptos future depends solely on the US legislation, wouldn’t it make crypto a terrible investment? + +Thought people were here to hold for 20+ years. Did we all just assume there would be no negative legislation in the US ever? +I spoke with a representative from Vanguard this morning regarding the split and at first he said it was a normal split and wasn't sure where I was getting my information on the split as a dividend and asked me where I was getting my information. I referred him to the investor relations page and was put on hold. + +The rep then informed me that **Vanguard treated it as a forward split** and that "*It's gonna work out to be in essence the same thing*." When I told him that no, they're not the same thing, he put me on hold again to speak with someone else. + +[He was convinced the split type didn't matter, but also didn't know the difference](https://preview.redd.it/p9qr2ghyfig91.png?width=1080&format=png&auto=webp&s=1024644d110bf10c49a62fc869e23b42a7f5c891) + +[He said that they coded it properly on the backend, but he didn't know what codes they were. He didn't think the \\"big end\\" \(i.e. DTCC\) would make a mistake like that](https://preview.redd.it/f1prpghyfig91.png?width=1080&format=png&auto=webp&s=6259cbf9163959eeef394f6333aa84ffde99e292) + +Basically I was on hold on and off while he got more information when I asked questions he couldn't answer. I was able to screenshot some of the call, but words were transcribed incorrectly and some was not reported at all as Android stops the transcript when you're put on hold and will not resume until you tell it to. + +Overall I was told basically what everyone else was. I asked to speak with a supervisor or compliance, but was told to do so via the message portal. **I have created a very detailed letter to Vanguard requesting a copy of the call audio as well as additional information regarding the coding of the split**. Hopefully I hear something soon! Depending on my response, I may submit the response to the SEC for further action. + +[1st page of the letter less my name and account info](https://preview.redd.it/iqbe81b0jig91.jpg?width=526&format=pjpg&auto=webp&s=8a947f600c8d198799c92d36e93d2dd661eb1afa) + +[Page 2 showing exhibits, which were attached within the PDF letter](https://preview.redd.it/a7r139msfig91.jpg?width=583&format=pjpg&auto=webp&s=f8ea67c6440ffd858429075678fc067151432576) + +ETA: Confirmation my inquiry was received + +[Confirmation Email from Vanguard](https://preview.redd.it/nermwjwyoig91.jpg?width=614&format=pjpg&auto=webp&s=411d35c203ec0e0c6a754797877e6a033a764c0d) + +ETA2: Sent an email to Gamestop Investor Relations thanks to the suggestion of u/tentingh + +[My email to Gamestop Investor Relations](https://preview.redd.it/2anqspb20jg91.jpg?width=623&format=pjpg&auto=webp&s=f59fea67ca8d36988fe0ff96c3e075c05d00ae89) + +&#x200B; +Keep your eyes on the blockchain, people. + +https://blockchain.info/tree/114688199 + +Expand the tree all the way by double clicking on the orange circles, to see how the 180,000 bitcoins have been broken down into various smaller wallets. + +And all overnight in the USA while the press is focused on Satoshi... + +Karpeles inside job? Where are my blockchain detectives +Cheapest way to cash a $20,000 check and if I owe student loans how to make sure I get the funds myself to get on my feet first, and then getting into a payment plan? Can the DOE seize the money as the check is being cashed? What about the State Equalization Board if I owe some rediculous amount of tickets? NYC resident. I have so much bad debt and have been homeless so long I don't even know who is going to try and get the money first. I'm definitely not attempting to evade my bills, I'm simply hoping to use the settlement check to get an apartment, some clothes, pay for going back to school, get some treatment, find a job and advance my life, rather than use the first money I've had in a long long time to pay off a defaulted loan and a ton of penalties on unpaid warrants and court fines, jaywalking and vagrancy tickets, hospital bills, old tax debts I probably don't even know about. Can I sign the check over to a family member I trust? Can a professional service cash it for me and put it in some kind of trust? Basically, how can I use this check to fix my life rather than see it vanish immediately before my eyes. I'm scared to hand it to a teller. Can they seize the money right away? Can anyone even cash a check this big without me having an account? I don't have a bank account, a safe, nothing. What do I do? Thanks in advance for your kind advice reddit. + + +Edit: I know for a fact that I have at least 10k in student loans I never paid back, 120k in hospital bills, at least another 10k in city tickets, and probably 20k or more from back taxes from before I lost my job half a decade ago. +Idk about you apes.....but these next two weeks just feel special...it feels different... + +I want to address thoughts you probably have had: + +“This is too good to be true” +“Nothing like this happens to me” + +Well I’m here to say....FUCK THOSE THOUGHTS YOU MOTHERFUCKER. You know this feels different! MAN UP AND WAKE UP TOMORROW MORNING WITH A GIANT SMILE ON YOUR FACE BECAUSE YOU HAD THE BALLS TO TRUST YOURSELF AND YOUR FELLOWS APES ON A ONCE IN A LIFETIME OPPORTUNITY THAT FRANKLY MOST OF THE WORLD IS ASLEEP ON. + +YOU DO FUCKING DESERVE IT BECAUSE ITS WHAT IS MEANT TO HAPPEN. FUCK MEDIA PIGS, FUCK THE HEDGIES, FUCK CRAMER, FUCK ALL THE SHILLS. + +YOU BE PROUD OF WHAT YOU HAVE DONE. IM HOLDING BECAUSE I BELIEVE IN GAMESTOP. + +video games have brought me so much joy in my life and allowed to escape a lot of my pain growing up. Well I think this is the universe correcting itself and saying “it’s time for the good guys to take the reigns now” + +LETS. FUCKING. GO. + +APES TO THE MOON 🌙 + +Sincerely, +Ape 🦍 +Hi all, + +Possibly (likely?) a dumb question, but this has been nagging at me today... I hold a mix of ETFs and individual stocks, but do not hold any ETFs that primarily hold other ETFs... By way of example, I am aware of VBAL, VCNS but am put off, maybe unnecessarily, by the fact that these ETFs have expense ratios of .24% but hold other ETFs from the same issuer that have their own (lower) expense ratios ... Does this not seem like a double dip of sorts, a relatively high expense % for a fund that holds but a limited number of ETFs...? Wondering what the justification for this expense ratio is, seems high-ish for a fund that aims to maintain "balance"? Am I missing something? Maybe I'm just clouding my mind here, but some perspective would be helpful as I explore simplification of holdings... Thanks! +I have a strong conviction that oil price will reach $170 — sooner or later. + +What’s the best (leveraged) way to bet on that assumption ? + +I don’t have access to options. +My preferred vehicle is Canadian securities listed on Wealthsimple. +Hi all. + +&#x200B; + +First time posting here after reading some older threads. + +&#x200B; + +I'm trying to create a portfolio with one/a few ETFs for my semi-retired parents in their 60s who would use monthly/quarterly distribution payments as a source of income. Both their TFSAs would be maxed out, and then still some money left over in unregistered accounts. + +Ideally looking for ETFs/MFs which have high yield and are relatively stable over time or have the potential to grow so that in 20-25+ years down the line, there is still a good amount left for inheritance for the kids. + +&#x200B; + +Originally I came across the RBC Managed Payout mutual fund series, which guarantees around either 5%, 6%, or 7% distributions, but because of the large ROC portion of the distributions, it seems like their NAV keeps going down over time, especially after market corrections where it never fully recovers. + +&#x200B; + +I then came across some ETFs after reading other posts on here like XTR (yield: \~5.5%), XEI (\~5.1%), CDZ (\~4.4%), FIE (\~6-7%), and ZMI (\~4.6%). + +Of course, each has their own pros and cons, but really anything with an MER of < 1% I think would be fine. It's more of a fund to buy and hold and use for income, as mentioned previously. FIE is tempting, but is so heavily weighted towards Canadian Financials... ZMI seems more globally diversified compared to XTR which is more Canada-weighted... + +Also I don't think tax implications would be a big factor considering they're both semi-retired and don't have much income. + +&#x200B; + +Would appreciate any input or advice you may have! Cheers. + +&#x200B; + +EDIT: also wanted to ask opinions on going "all in" on something like XGRO for example, and then selling off shares every month to equate to around 5% yield, since in the long run XGRO can return 6%+ per year on average? Or perhaps 50% XGRO 50% XTR... +20 here, not a bad age to be to start being FI. Guess I should consider myself lucky, hey. Should I just suck it up and get a back-breaking physical labour job working long hours or should I give programming a go instead despite not having experience nor a degree? I'm not a fan of physical labour at all and would much prefer to be relaxing behind a desk, but I've got a feeling that it's not really an option for me. Well... at least not now. I mean, I'll still pursue an apprenticeship for certain, but I'm not so sure how long I'll last. + +One thing I do plan on doing at least is taking up a mining job for 2 or 3 years and get the hell out of dodge provided I don't get the axe. + +Is there a chance I'll be fine with working purely because of its monetary benefits? I don't fancy having to work on my hands and knees all day every day for many, many hours, but neither does being broke, to be honest. I know I'll forever be jealous of those who earn cash to sit in an air-conditioned room all day, but is starting an apprenticeship in your early 20s a good, secure road to financial independence? + +I'm stressing majorly and obviously depressed, but it's still better to be getting your life together at 20 rather than 25. Maybe I'm not in such a bad place after all. + +Hey, come to think of it, for those 25 years and older, should I just suck it up and do the apprenticeship for now? +Todays release of the RBA meeting minutes from May, in my view, confirms that we will see a rate hike of 40 basis points in June. + +Taking the RBA cash rate target to 0.75%. +How do you determine when a coin/token is undervalued? + +This space is so new and we are all learning from each other. Any ideas or suggestion helps. + +Thanks. +I transferred my shares and got a fixed $190.1 for all my shares , but I never purchased shares at the amount anywhere this year of that cost basis. I'm guessing that my shares were purchased on the way to CS? + +&#x200B; + +can anyone else check their standing cost basis between broker and CS? verify this data pls. + +&#x200B; + +edit1: that pricing i got was first available on 9/20 Monday, we're seeing that those people moving out a broker getting a CS account opened this week more than likely had purchases of their stock made this week (hence cost basis) to complete the transfer. we all had IOUs all along. CS just made them real, like this situation with the SHFs. HEDGIES R FUKD indeed +On mobile so sorry for poor paragraphing (forgot the word for it fml) + +So I've been trying to look into the effects on the company from having different types of CEO leadership with the latest example I've found being Sainsbury's with their new CEO showing what I see as a day traders mentality with the recent pay grade changes giving the staff more money but reducing management wages and refusing management bonuses, as a result of the new pay grades the average employee would be taking a wage cut to become management and some needing multiple promotions to even reach the same wage level they have. This has caused a mass exodus of talented management at a time they can't afford to lose any more staff combined with the fact that entry level staff that are qualified to take over the roles are choosing to stay where they are rather than "progress" within the brand due to the reduced benefits of such a decision, the exodus of management in particular worries me more for the long term prospects as the people that are likely to leave in this situation are the ones that are good enough to get a job elsewhere leaving the least adept and the naïve. + +So in the short term I'd put Sainsbury's as a short term trade for a day to a week but would not look at it for a long term hold position unless something changes. + +I think this is the point I'm ment to add that I'm not a financial advisor and this isn't advice only a starting point for a conversation on how the psychology of the CEO and their corporate team can affect wether the company is an long term investment share or a short term trading share. +Hi am looking to start a stocks and shares isa and was hoping that there would be a commission and fx free option since Hargreaves landsdown is ripping me off royally in with their traditional, assume made up, commissions and fx charges. + +Trading212 ISA seems perfect. Any thoughts or other options I should consider? Is there a sipp like this? Are buy sell spreads worse on 212? + +Any help appreciated. +For example: + +* The trust SMT has many US holdings. +* At 6am US/East *(11am London)* the US markets are not open, but are reporting "pre-market" prices. +* However, the UK market *(where SMT is traded)* is open at that time. +* **Will the price be impacted during pre-market or not until the US market opens at 09:30 US/East?** + +Also welcome any other details of how the price of Trusts are determined. +Good Morning all! + +Do you guys have any recommendations on understanding company reports and comparing their 'value' with competitors etc? + +Do you also have any recommendations on market podcasts which serve the UK? + +&#x200B; + +I already have money in ETFs etc and want to get a few positions within industries I am interested, but, tbh apart from reading news articles I am pretty clueless. I want to be in a place where I am confident that I made the best decision I could at the time with the information available.... rather than I picked a stock because I liked the logo and their product is cool! + +I listen to a few podcasts (mainly Motley Fool) but while they give useful insights into trends and are generally interesting they are focused entirely on the US, which while I don't view as a bad thing, from purely a personal interest I wondered if there were some UK/EU equivalents out there. + +Ta, +Why do so many investors see a stock with a small acquisition cost, for example £0.26, and then suddenly declare that cheap. + +Is this because they simply don't look at the number of shares in issue, and the market cap? They don't understand that there could be 10 million shares issued in one business and 10 billion shares issued in another business? + +Lloyds seems to be the most common one (£0.26). + +The relevant bit is the market cap surely, the market values the business at £18.76bn. + +Virgin Money, owner of Yorkshire Bank and Clydesdale bank, deemed "not as cheap" at 90p. + +But that's a market cap of £1.30bn. + +So are they saying that Lloyds is cheap at a valuation of 14 times that of Virgin Money. + +I completely ignore bank shares, but why are people saying that Lloyds is cheap, just because they can get almost 4 shares for a quid instead of 1 share? + +All this naivety makes me think were in the 1920's and people who have never invested are going to be left shirtless like they were in the 1930's. + +"Can't go any lower" is what they usually say. I mean, of course a business valued at £18.7bn could go lower, it could be valued at £15bn, or £10bn, or £5bn, or £1bn. + +Can one of the dozens of people on here who claim that Lloyds is cheap please have a go at explaining why? It was cheap at 40p apparently, cheap at 31p, cheap at 26p. + +If it is so cheap please explain why! +Theme 1) Defensive Companies will outperform high-end retailers in the current environment. I am Long Defensives Short Cyclicals. Long Kroger Co Short Peloton. +Reason: As Consumer spending contracts, the consumer will shift to a more defensive posture. Tightening their belts should result in general out-performance of defensive like foods and medicine vs. cyclical stocks like peloton, which sells high-end exercise bikes. +They may well both go up, or both go down, but I am betting that peloton underperforms Kroger Co currently priced at 30.88 and Peloton @ 28.38. + +Theme 2. The oil contango play: +Long naval oil storage vs. Short credit card companies. Got this idea from an energy futures trader and the daily news flow + +https://www.smh.com.au/business/markets/filling-up-the-world-has-an-oil-storage-problem-20200319-p54bkc.html + +Rationale: The oil price is in contango (spot prices are higher than future rates). I think that as storage spaces run out on land, sea storage is the next logical step. Currently, professionals are bidding high prices for these vessels to store oil. If this carries on, storage vessel companies stand to make a profit over the coming months as long as this contango persists. One company exposed is EuroNav ( EURN ) priced around 10.32. +On the short side, credit card companies are exposed to consumer spending as retail activity deteriorates due to high unemployment expect credit card providers to also have a loss in earnings per share. +I am currently in research to find the weakest of the credit card companies. But will be adding Euronav to my list of longs. + +Summary of total capital exposure. +Long Kroger (2%) +Short Peloton (2%) +Long euronav (2%) +Short credit card companies (2%) +Total net exposure = 0% +Total portfolio market exposure = neutral. + +As always stay safe, stay humble + until next time ML +Wanted to share my favourite ETF's pick to hold for next 20 years. This portfolio will be drip fed every month and T212 shows an average return of 12.57% as of now but I expect around 18% YoY growth on average. I have also tried to reason my holdings so feel free to comment if you disagree with my justifications. With this portfolio being drip feed, market corrections won't be detrimental to it as my cost price would average out. + +For numbers sake, if this selection returns 12.57% with £500 drip fed every month and £1000 initial investment, after 20 years, the value will be just over £500,000. Now if I'm right and it returns 18%, it will be worth almost £1 Million. All of these can be found in your ISA so you won't pay tax on the profits. + +I also have a T212 Pie of Tech Heavy stocks and will post that shortly as well. + +-- Edit: + +Some of yous think the return is too high and I do agree that it's quite optimistic. I'd love to hear the counter arguments rather than 'hur durrr too high'. Although optimistic, I am well aware that the returns can me much lower or even negative. + + +**iShares Global Clean Energy - 20% Weight** + +With companies like tesla investing heavily into renewables, we have seen big oil companies like Shell and BP diversifying into renewables, I expect this ETF to perform very well. We are now seeing the EV and AI revolution and all of these require energy and fossil fuels are running out + +**Vanguard S&P 500 ETF - 10% Weight** + +Over the past 90 years, the average return of S&P 500 is 9.8% and just in the last 10 years, its 13.6%. Because of this, I feel like S&P 500 is a safe investment to hold as it gives me huge diversification in various different industries so a poorly performing industry wont tank my entire portfolio. + +**iShares S&P 500 Information Technology Sector ETF - 15% Weight** + +Personally, in the last 5 years, we haven't had massive breakthroughs is in the technology sector. Don't get me wrong, the advancements have been amazing in the tech field but I feel like next 10 years are going to be much better. We are starting to have AI breakthroughs, Cloud technologies, Electric Vehicles and smart everything. All the major industries have tech in one way or another. + +**iShares Electric Vehicles and Driving Technologies ETF - 15% Weight** + +EVs are the future and big players like Google, Nvidia, Intel and Tesla are heavily invested in autonomous driving technology. Governments are starting to ban the sale of ICE cars and huge economies like china are seeing massive growth in the EV sector. + +**Vanguard FTSE All-World ETF - 10% Weight** + +With this ETF, I get exposure to global innovations and don't have to rely on single economy. While the returns are lower, I expect this to be a solid growth ETF. + +**iShares Developed Markets Property - 10% Weight** + +I also didn't want to fully rely on the stock market so with a bit of property market exposure, I wont be left holding bags if something like the dot com bubble or 2008 property market crash happens again. I'm sure some sector will bubble up and burst at one point. + +**iShares Healthcare Innovation - 10% Weight** + +With massive technological advancements, there will be many medical breakthrough as well. Artificial Intelligence can boost research, exoskeletons and artificial augmentation, Neuralink like tech, gene therapy are some of the healthcare sectors that could take off in the coming years + +**iShares Automation & Robotics - 5% Weight** + +Almost every company is pushing for automation and this sector could also see massive growth, almost every aspect of Tesla is more than 75% automated, Amazon is in similar as well with checkout less shopping centres, drone deliveries, autonomous driving etc + +**iShares NASDAQ 100 - 5% Weight** + +Unlike the S&P 500, Nasdaq 100 is very tech heavy and since most of the other ETFs also relate to tech in one way or another, this one hold a lot less weight. Nasdaq 100 also has a better return rate than S&P 500. + Hi everyone, + +I live in the UK, and over the last 6 months I've been buying shares in Tesla via Interactive Investor. Thankfully they've paid off really well, and I'd like to cash out. + +Over this time I've paid about $5600 for these shares, and they're currently worth $15000. I probably should have asked this before investing, but what tax am I subject to paying when selling out? + +I've used an S&S ISA so AFAIK I'm not subject to UK tax for this amount - or is this only applicable to UK investments? + +I'm also aware that I may be subject to US capital gains due to it being a US company.. am I wrong here? + +Thanks! +The title pretty much covers it, I am 21 years old and just been given 10K to invest in an ISA. How would people use this money, i.e Just index funds or stocks, invest all now? save some cash and invest more later? + +&#x200B; + +I am using [hl.co.uk](https://hl.co.uk) and they have some premade portfolios you can use as well. + +&#x200B; + +Any advice is appreciated, I am new to investing. +The title pretty much covers it, I am 21 years old and just been given 10K to invest in an ISA. How would people use this money, i.e Just index funds or stocks, invest all now? save some cash and invest more later? + +&#x200B; + +I am using [hl.co.uk](https://hl.co.uk) and they have some premade portfolios you can use as well. + +&#x200B; + +Any advice is appreciated, I am new to investing. +Hi guys + +I have about 20k in a Trading 212 ISA, but I am seriously considering switching to vanguard for this year and transferring the 212 balance across. 80% of my holdings are with vanguard ETFs anyway. I know t212 is Fscs protected, but I can't help thinking with all the stuff about lending shares, introduction of fx fees, people reporting issues around withdrawing money, would my long term savings be safer elsewhere? Or am I overthinking this. + +Cheers +First time out of ISA, so please be kind 😁 + +I'm thinking to buy some world tracker on margin for long term. Thinking of IBKR? Planning to start small 2-5k.. + +1. How does £-$ FX work? They have ETFs in £ or U buy dollars on their platform? + +2. Will I have to file self assessment every year even if I don't sell? + +3. Is ETFs on margin better than leveraged ETFs for buy and hold? Why? + +4. Should I just create an account and play around or it will cost me money if decide not to continue? + +5. Any other advice? +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Got in on IAG in October 2020 just after the rights issue for just under 90p a share. +With IAG trading as high as 190p today I was left wondering what your thoughts are on further growth potential after Covid? + +No doubt British Airways will come out of Covid as a stronger and more cost efficient company compared to pre-Covid, however we do not know how many years it will take for the longhaul market to go back to pre-Covid levels. + +With the aviation industry issuing vouchers to many customers during the pandemic I wonder what the reduced cashflow’s impact will be on future share prices when things start returning to normality. + +Having doubled my initial investment I wonder if I should realize my profits now and diversify in other growth stocks or stay in IAG for the long run and wait for aviation to return to pre-Covid levels and hopefully get some dividend along the way. + +Any thoughts would be greatly appreciated. + +UPDATE: Sold of about 60% of my IAG shares and will either buy back in at a lower price point for the long run or look for some funds and other long-term growth stocks with the realised profits. Thanks for the comments +I've made this prediction twice, and was wrong in both cases. + +However, today I'm more convinced than in the previous two occasions that Bitcoin is close to entering its spiral of death. + +For reference, I called it [on the 13th of may 2017](https://np.reddit.com/r/ethtrader/comments/6awf35/eth_daily_discussion_13may2017/dhiz207/?context=3) and **I was wrong** + +But once again, we have entered the scenario that would preface the spiral of death. + +#What is the spiral of death? + + +The Bitcoin transactions / sec stays above the amount the Bitcoin network is capable of processing, causing the queue to become ever-expanding: every 10 minutes, the transaction backlog will increase and will never decrease. Waiting times will grow exponentially. The current waiting time of a couple of hours will grow into days. People can no longer transfer their bitcoins around. + +This in turn will cause 2 huge consequences: + +* 1) In attempts to get around the transaction queue, people will start selling their bitcoins for any altcoin solely to transfer their money around. The markets and trading bots will react on this: expect markets to get wild. + +* ~~2) While the bitcoin community gets confronted with the truth, they will start rushing to push for hardforks to fix the blocksize issues. Exchanges will start to get confused and some won't be prepared for the forks that start to appear: "*Which fork does the btc/xxx pair belong to?*". They will decide to halt all withdrawals for at last 24 - 48 hours to see which fork wins. More people panic, and more people will start to exchange their value for altcoins. Altcoin markets that are already wild due to (1) will now go even wilder (2)~~ Forks are already in place this time, so this consequence wont be as severe as in previous scenario's. + +**Not over though.** + +Out of this, a 3rd consequence will appear: + +* 3) Miners. With Bitcoin value plummeting and the Bitcoin chain forking, some mining farms might shut down temporarily, or move their mining power to other coins. The other miners that stay devoted to Bitcoin, will move their power to one of the different forks they can choose from. The mining power allocated to each one of these chains will be insufficient and out of touch with the **current mining difficulty** that only adjusts **every 2 weeks**. Blocks that are usually mined in the average of 10 minutes, will now get mined in 20, 30, 40 minutes.... causing the unconfirmed transaction backlog to become **far worse**. The problem starts to look like a runaway train now and news sites will start to pick this shit up. + + +Am I going to be wrong a 3rd time? Maybe... + +But I think shit is 'bout to go down. For real now. +Hey guys. + +I know A LOT of what I'm gonna say here can be considered FUDing. And that's not my intent. I believe in ETH, not as an investment, but as a technology. I'm so freaking excited for the DAPPs to come out, and see smart contracts implemented. And I've seen trememndous gains from my relatively minor investment. So yes, I am a HODLer, but I believe in the tech. + +A couple weeks ago, I posed the question "How do you think crypto would react to an economic crash". And I listed my thoughts and tried to get a discussion going, and got a wide variety of responses back. And this was great. I'm someone who believe an economic recession is brewing: everything is just too good. Real Estate is way up, the market has record days every other day, and crypto is EXPLODING. Heck, I'm not complaining about my gains. Crypto all the way! + +But it was troubling to see that a very hot thread right now is "What will you do when ETH hits $10,000". Most of the threads are humorous in nature: hire hookers, do blow, buy rocketship to the moon, etc. And that's great, because lets face it, part of the enjoyment of this subreddit is the memeing and the kidding and thats why I love being here. Its great getting excited with you guys, and its like comrades in arms when shit hits the fan. + +But it was very troubling how many people thought $10,000.00 was all but guaranteed. It wasn't a question of if, but was it 2018 or 2019 it would happen. And its worrisome because it shows the degree of ignorance of the current level of investors. And we've said that before, many times, but right now it feels like we're in a mania phase. Friends are asking me about crypto. My sister, who I dearly love, has no interest in investing but was trying to understand it because everyone at her work is talking about it. I tried my damnedest to explain to her, but she couldn't understand WHY someone would want or consider crypto so valuable. And I tried the same with my friends, and likewise, they see it as just a get-rich-quick thing. A man who came into my store, a very good and wealthy customer, told me he made most of his money on bitcoins, eth, and litecoins. But when I tried talking to him about ETH's scaling, he confessed he had no idea what ETH even was. + +I know most people don't fully understand WHAT ETH or most crypto is, but only now am I seeing it in my real life. + +It feels like this is all a game of musical chairs. It FEELS like the music has stopped. And my greatest fear isn't that I'll lose my initial investment. When ETH dropped to pennies, I simply wrote the money off as lost. ETH gave me more knowledge in terms of understanding markets, technology, and amusement than any videogame or movie could, so it was money well spent. + +No. My fear is that when people realize Bitcoin ISN'T worth $17,000.00 dollars, we'll see a crash like no other. When the stock market crashes, people are laid off, real estate plunges, like it does every ten years, crypto will see a shakedown like we've never seen before. And the shock will be so tremendous, ETH will be left in the dust. And it won't recover. + +https://twitter.com/VitalikButerin/status/940746391256678400 + +I'm not trying to cherry pick or frame his words to match the narrative. But Vitalik, who understands all this better than God himself, (Hail Vitalik, hallow be thy name), even admits that Crypto as a whole isn't at the level that warrants this degree of price. While I'm happy with the ROI, I'm more interested in seeing the technology succeed. But if crypto is dealt a deathblow, if all this currency turns to ash on the wind and consumer trust is broken on a global level for the next decade... ETH might not recover. + +Pessimistic? Maybe. + +But I'm curious as to what everyone else's thoughts are. +First I wanted to start by saying Hudson Jameson did a phenomenal job wrangling all these different stakeholders to the core devs meeting today and playing the part of an effective, neutral moderator. It was a really interesting meeting and great to hear all viewpoints. I'm sure many of you live streamed it as well. + +I’m an Ethereum investor and active user, and I took notes on the most prominent miner arguments against issuance reduction along with my thoughts on each. Would love to hear any thoughts or any ones I may have missed. + +**GPUs that leave network after issuance reduction can be used to attack Network Security (Xin Xu)** + +Xin Xu argues that a decline in issuance from 3 to 2 (33%) will cause a drop in hashrate by 33%, and that such a large drop in hashrate will lead to an influx of GPUs on the market that can be used to attack Ethereum. This argument is predicated on the idea that hashrate will drop significantly. However, any drop in hashrate will decrease difficulty so mathematically a 33% drop in issuance should have at most a \~22% impact to total hashrate assuming a linear relationship. I don't believe that a drop in Ethereum Network Hashrate from current levels (280 TH/s) to January 2018 levels (230 TH/s) is a doomsday scenario. And the real drop will certainly be much smaller for two reasons. 1) Historical data shows that hashrate is extremely resilient against drops in price as well as issuance (source: [https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large](https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large)). 2) Historical data also shows that all Ethereum and Bitcoin issuance reductions were followed by price increases which could partially or completely offset the decline in hashrate. + +**Issuance Reduction will drive a dramatic shift in hardware composition of the network (Brian Venturo)** + +Brian Venturo argues that a reduction in issuance will price out GPU miners and cause the network to dramatically shift towards ASIC miners in the short term, increasing mining centralization. However, miners on the call pointed out that currently available ASICS (Antminer E3) is in-line with top GPUs in terms of mining efficiency. It’s only when we compare claims from as-yet unreleased ASIC manufacturers (Innosilicon A10) to 2-year old GPU technology (GTX 1080) that we see any risk of an efficiency gap. Second, the total Ethereum network hashrate is 280 TH/s. **This is equivalent to 577,000 Innosilicon A10s, which would cost $3.3 Billion (at $5700 each).** Any shift of even 10-20% in Ethereum network hardware composition will be **slow and steady**, and as we heard on the call, miners looking to spend significant capital on new hardware are considering major ROI headwinds from 1) upcoming shift to PoS and 2) possible exploration of new ASIC-resistant algos like ProgPOW. Both of these would brick current generation ASICS while GPUS would retain their resale value. More work needs to be done exploring ASIC-resistant POW algorithms, and there's no reason why issuance-reduction EIPs should be roadblocked in the interim. + +**EIP 1295 as an alternative (Brian Venturo)** + +Brian Venturo cites the current rules around Uncle and Nephew rewards as causing weird incentives that miners are exploiting to maximize uncle rate and squeeze higher issuance out of the network. This is a super interesting point, and one that I would love to see explored in more detail (as the downstream implications could be quite complex) **in addition to EIP-1234**. There’s no reason why 1295 is mutually exclusive with EIP-1234, and positioning it that way is a clever tactic to delay any issuance reduction. Brian himself suggested an issuance reduction in 2019 on top of EIP-1295. + +**My Final thought** + +I am in full support of EIP-1234 as a moderate issuance reduction to reduce Ethereum inflation and the amount we are overpaying miners for security. **Looking back on it, last year’s 40% reduction from 5 eth/block to 3 eth/block has turned out to be a phenomenally good decision. Since then, hashrates have increased 3x while price has declined 20% (was $330 pre-fork), all while we reduced inflation by 40%**. Another modest issuance reduction is a prudent decision that is a natural step in Ethereum’s growth and consistent with the original vision for inflation. In contrast, a difficulty bomb delay without a corresponding issuance reduction should be viewed as an issuance increase. + +The quicker we can get this decision behind us, the better. As long as this question looms, investors will lack confidence in Ethereum’s monetary policy, and mining stakeholders will have massive incentive to decrease Ethereum price until Constantinople to increase the chance they can mine at inflated rates through 2019 + +Happy pandemic everyone... I wanted to take some time to share the wild and exciting ride that my wife and I have been on over the last 12 months. We have followed this subreddit and utilized your advice as we've gotten started. I am currently in orthopedic surgery residency and my wife is a full-time special ed teacher. We have two small children and are very busy. However, I wanted to tell our story here with hopes to give back to this community due to the positive impact this community has had on us. + +I’ll start a year ago. My wife and I initially began discussing our retirement plan midway through my third year of residency. At this point, I had mountains of medical school debt and had not saved a dime to my retirement. Therefore, I investigated a way to utilize calculated risk to develop cash flow options that we could utilize in retirement in addition to our traditional investment portfolio. This led me to BiggerPockets. Fast forward several months, where we purchased our first duplex in Valdosta Georgia. We did this fairly non-traditionally. Due to my debt to income ratio and my lack of initial capital, we were unable to secure traditional financing with most institutions. Therefore, I began by contacting as many smaller community banks as possible. This brought us to the institution that we eventually used. This was an institution in South Georgia that was willing to listen. They allowed me to utilize my future orthopedic surgery contract as collateral to obtain no money down financing. We purchased the duplex, established stable renters and then moved on. As the months progressed, I continued my orthopedic training and we utilized our first direct mail campaign. Mailing approximately 130 letters, we closed on our second property, another duplex. After stabilizing this, we utilized our contact with a local broker to close on five additional three bedroom/2 bathroom single-family rental homes. Subsequently, We have placed renters in these homes and stabilized them, allowing me to pursue refinance options to potentially save two points on our debt. I say all of this to initiate discussion regarding how we got started, how we utilize non-traditional financing as well as the value associated with this subreddit and it's influence on our start. + +Additionally, I’d like to briefly talk about time management and how you can gain knowledge in your daily life utilizing resources like audible, BiggerPockets podcast and BiggerPockets forums. The way I did this is by utilizing headphones and listening to the BiggerPockets podcast throughout my daily commute to and from work as well as between responsibilities in the hospital. Push to learn all the time! Additionally, I’ve listen to multiple audiobooks which I can recommend if people would like this information. I know this is a very long post but I wanted to initiate some discussion and express my gratitude to this community of people. We are off to a great start and I as well as my wife have big dreams moving forward. Thanks again! +You are the brunt of the argument, you are literally an insult. "Burger flippers" they call you. "15 an hour to flip burgers??? Hah get a REAL job." + +I dont know very many fast food workers, past or present, that actually say that. It is mostly those who have NEVER worked in fast food. + +You have to take orders, count change, answer the drive thru, send receipts (or in some places actually yell the order), fill drinks, distribute sauces, answer the phone, and remember to thank the person for visiting. And you have to do all of that simultaneously by yourself while your neighbor does the same thing. And if your orders get mixed up, it is your fault. If you count the change back wrong or accidentally charge for the wrong order, it's your fault. Your manager is going to jump you or the customer will, because the manager will get jumped by their manager on why the employees are making mistakes. And you're getting 8 bucks an hour to do it. + +You sweat, you're on your feet all day, you go home reeking of grease and French fries, your clothes are stained, it is hot and slippery and noisy all day long. + +Been there, done that, see it every day. + +There are those of us who know that you work hard and we arent mad you forgot our cheese. Even if you charged us 25 cents for the cheese, its fucking cheese. + +Keep working hard. +The Wharton graduate, who “sparked Philly’s Indian explosion” with his Tiffin concept, has filed a class-action lawsuit in Philadelphia’s federal court against Grubhub, alleging that the company may have bilked its many restaurant customers out of more than $5 million in what Narula calls a “scheme” involving “sham telephone orders.” + +link .- https://www.phillymag.com/news/2019/01/04/grubhub-lawsuit-tiffin-indian-restaurant/?amp=1 +Everyone hears the buzzword “universal healthcare” and this often evokes an emotional response. + +I challenge you to respond without emotion. + +Looking at the concept of healthcare insurance or generally any insurance at all I find it rather silly that there are many companies in competition with a product that doesn’t differ at all. + +Can someone explain what one healthcare insurance company does better than another beside denying claims? + +I for one think universal healthcare insurance makes the most sense. There was a study competed showing that over 10 years Americans would save 2 trillion dollars. (This was a Koch-Bros study BtW.) + +So again why is there so much opposition and anger when talking about universal healthcare? This would save the country money and insure any US citizen. +https://ca.finance.yahoo.com/news/29-members-congress-caught-violating-193508477.html + +Insider has identified numerous members of Congress who've violated the transparency provision of the STOCK Act, which requires timely reporting of their stock...Congress passed the law in 2012 to combat inside trading +We care about inflation. If every day goods and services get more expensive our standard of living falls (given constant wage growth). It's the exact same thing for property prices increases, yet no one really seems to care that much and I don't really know why. + +Let me illustrate this further, if it's not so obvious why property price increases are bad. For the below, let's consider wage growth and inflation to be zero which is pretty fair considering that's been the reality over the last decade. + +Consider both Bob and Sam are identical citizens, they have the same job, both want to buy a property but the only difference is that Bob will have $100k to put towards a house this year, while Sam will have $100k for a house in 5 years simply because Bob is 5 years older. Therefore Bob will be buying today, Sam will be buying in 5 years. + +Let's say the RBA constantly lowers interest rates such that housing affordability is roughly the same, but in 5 years time, property prices end up doubling in value. + +In Year 0 Bob buys his property for $500k by taking out a loan of $400k. In 5 Years his house is worth $1 million. + +In Year 5 Sam buys his property for $1 million but unlike Bob, now has to take a loan out of $900k, **an extra $500k**. + +What just happened? + +All else being equal, Bob has directly benefitted from **a completely free, unearned gift** of $500k in increased wealth. But this wealth didn't come from nowhere. Sam, who just bought his property will have an increased mortgage debt of $500k to pay back which Bob never had to. Sam is therefore indirectly, but nonetheless, **fully funding** Bob's increase in wealth. + +To illustrate how ridiculous this is in consideration of what's fair, let's pretend central banks did not lower interest rates and housing prices had not doubled over the 5 years but both Bob and Sam still went ahead with their purchases. In order to replicate the same level of unfairness, then Sam, in addition to taking out a loan of $400k to buy his house, **also** has to take out a loan of $500k in gift this directly to Bob for no reason at all. When put this way, no one would agree or expect unlucky Sam to have to do this, yet anyone that is buying a Property today is indirectly funding the increase in property values (ahead of wage growth) for those who got on the property ladder prior. + +&#x200B; + +We can see that a reduction of interest rates applied to **Non Productive assets** (i.e. housing) causes direct wealth inequality by transferring wealth from those not on the housing ladder to those already on it. It is a Ponzi scheme and not sustainable. + +Property prices should not be allowed to grow faster than wage growth over the long run. Any growth in excess of this is to promote wealth inequality and should be controlled, just like inflation. It appears we don't seem to care about this much, and it might be because so many Australian's have benefitted greatly from property, have most of their wealth in property, and don't want that to change. However for those not on the ladder yet, that should make you very angry. + +The recent double reduction in interest rates by RBA tells me they don't understand the costs high housing prices have on our standard of living, are too obsessed with the outdated, rigid and academic mandate of keeping unemployment at 5%. Citizens don't know this, and will again start to bid up housing, but one day there will either be a citizens revolt or the monetary system will be overhauled in a way to not unfairly promote wealth inequality from monetary policy. +[Handwritten notes, door-knocking, recipes: real estate agents turn ‘desperate’ across Australia | Housing | The Guardian](https://www.theguardian.com/australia-news/2022/oct/22/handwritten-notes-door-knocking-recipes-real-estate-agents-turn-desperate-across-australia) +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 :( +Today I am going to share with you an **effective position sizing strategy** that many professional traders use to manage the risk of losing money in the markets. As well as this, I am also providing my **position size calculator -** free of charge ***(link below)***, to assist you with determining the number of shares, units, or contracts that you should be trading at any given time. + +***If you would rather watch a video, as opposed to reading this post, there is a link at the end of this post to my extensive YouTube video on this topic.*** + +As I’m sure you’ve heard, risk management is the single most important aspect of successful trading. Your risk management processes will quite literally determine your level of success as a trader - even more so than the strategy and the market that you are trading. Your number one objective when trading, even above making money, must be to **protect your capital at all times**, and ensure that you will **always be able to trade another day**. + +Crowds of people are lured into trading by online gurus who falsely preach about how easy it is to make money. Many of these people open brokerage accounts and look to begin placing trades, without even considering the risk that they may lose their hard-earned money. **Losses are an inevitable part of trading**, even the very best traders take losing trades all the time. Unfortunately, most beginner traders have poor risk management processes in place which in turn, leads to them wiping out their trading accounts by taking either one or more out-sized losing trades. + +The most effective way that you can prevent this from happening to your account is to adopt a structured and proven position sizing strategy. **Position sizing is at the forefront of risk management.** The size of our position, refers to the number of shares, units, or contracts, that we are trading at any given time. It plays a crucial role in determining the amount of money that we are risking on each trade. There are many traders who like to risk a fixed dollar value on each trade, and others who like to trade with a fixed position size, regardless of the specifics of the trade that they are taking. In my experience, neither of these approaches are optimal. Instead, I recommend an approach widely accepted by professional traders worldwide. It is called **the 2% rule**. The rule states, **“you may never risk more than 2% of your account balance on any given trade”.** + +By only risking 2% of your account balance on each trade, it would require 38 consecutive losing trades to lose 50% of your initial balance. Losing 38 consecutive trades is a very unlikely scenario - even for someone who knows nothing about trading at all. This rule ensures you are able to lose many trades in a row, whilst inflicting only **minimal financial damage** on your account. Additionally, by always risking a fixed percentage of your account balance on each trade, the dollar value of your risk will increase when you are performing well and will decrease when you are losing money. It is common practice amongst professional traders to increase their risk parameters when they are performing well, and decrease them when they are not. You will automatically implement this added risk control measure as a function of the 2% rule. + +It is common human psychology to be tempted to increase our position sizes after a series of losing trades, to attempt to quickly make back the money that has been lost. Unfortunately, this is a dangerous habit and a sure path to wiping out your trading account. It is imperative that you maintain **consistent** position sizing practices. By always sticking to the 2% rule, you **remove your emotions from the equation**, and in turn, give yourself **far greater chances of success** over a sample size of many trades. + +**To work out how to size your position to only risk 2% of your account, you can use the following formula:** + +*Account size x 0.02 = Risk* +*Risk / (Entry Price - Stoploss Price) = Max Position Size* + +***For a step-by-step position sizing example, see the YouTube link at the end of this post.*** + +When trading, you may often be required to work out the size of your position very quickly, and whilst under pressure to ensure you do not miss your entry opportunity. Often going through the calculations to determine your position size manually is less than ideal, and may even cause you to miss a trading opportunity. For this reason, I have developed a **Position Size Calculator** **desktop app** that I use daily in my own trading. I have made it available for you to download free of charge as I believe it will help you remove the emotion from the position sizing process and ensure you follow the 2% rule with consistency. It has been optimized to take up minimal screen space and for ease of use whilst trading. I have also included the option to set a margin multiplier for traders who trade with a margin account. If you would like to download this calculator for yourself, see the link at the end of this post. + +[Position Size Calculator Desktop App](https://preview.redd.it/d3mv3q5ukxr61.png?width=1005&format=png&auto=webp&s=720a5829ba0cdcb5a592e4b900de8fca9e9297e9) + +If you are a beginner-level trader, or you are experimenting with a new trading strategy, I recommend taking further risk control measures, until you have proven to yourself that you are able to make a profit. These additional precautionary measures may include, either beginning trading with only a fraction of your total capital or alternatively, limiting your risk to 1%, as opposed to 2% until you show that you are able to produce a profit over a series of many trades. + +You must understand that the 2% rule does not mean we have to risk the full 2% of our capital on each trade. Instead, **2% is the maximum risk that you should accept** at any given time. **There is nothing wrong with risking less than 2%**, as long as you are following a structured position sizing approach. Furthermore, you may wish to include any relevant broker commission charges or fees as part of your 2% allowance. + +Although **there is no way to totally eliminate the risks from trading**, it is important that we always do what we can to mitigate and plan for them to the best of our ability. Having detailed risk control measures will ensure that you have the best chances of succeeding as a trader over any significant period of time. + +For more information on this topic as well as step-by-step examples on how to calculate your position size both with and without the use of my calculator, check out my extensive YouTube video on this topic. + +**YouTube Video:** [youtu.be/OjF8RjYqmqo](https://youtu.be/OjF8RjYqmqo) +**Position Size Calculator:** [aheadofthetrade.com/resources/](https://aheadofthetrade.com/resources/) + +*If you have any questions regarding risk management, position-sizing, or trading in general, please leave a comment or direct message me, and I will respond in due course.* +[GameStop Short Sellers Eat $443.4m in Losses - Franknez.com](https://franknez.com/gamestop-short-sellers-eat-443-4m-in-losses/) + +"GameStop short sellers are having one of the worst months this year. + +Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC. + +... + +The market has been down all year, but GameStop has managed to outperform the S&P 500 index. + +The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date. + +Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot. + +On the 6-month chart, GameStop is up +42% and SPY is down -8%. + +According to a report published by [S3 Partners](https://www.s3partners.com/articles/tsla-shorts-down) on July 21, GameStop has been among the **top 10 most unprofitable stocks for short sellers** during July 2022." + +Looks like short sellers aren't doing so well rn 😂 + +https://preview.redd.it/li47g6nnq5e91.png?width=1100&format=png&auto=webp&s=252efaaa3672fd76850937c191bc852d1c124fad +Here are some charts worth keeping an eye on as we navigate yet another exciting bull market cycle. + +This week's updates include: + +* BTC's **200-Week Moving Average** has fallen to a 3-month low of 3.54x, well below the historical 10x - 15x multiple we've seen in prior bull market cycles. +* BTC posted a weekly close below the **Bull Market Weekly Support** on Sunday, May 16 for the first time since April 2020. In 2013 and 2017, BTC momentarily traded below said support before ultimately resuming its macro uptrend. +* BTC's **14-Month RSI** is currently 69.9 and back in "neutral" territory for the first time since October 2020. This reversion lower suggests BTC is trending in a manner akin to the 2013 bull market. +* BTC's **MVRV Z-score** of 2.94 is down -28% from last week's reading of 4.09 and sits at a 5-month low. BTC was trading at $19,400 the last time its z-score was this low. +* BTC's **SOPR Indicator** has fallen to a reading of 1.0126, a level last seen in September 2020. With the SOPR indicator fast approaching a reading of 1, one could expect BTC to bounce higher in the days/weeks ahead. + +### Ethereum's Logarithmic Regression Rainbow + +&#x200B; + +https://preview.redd.it/bauz3391zyz61.png?width=3304&format=png&auto=webp&s=af00b6ffcad18148a5acb9b1dff647d31e485090 + +**How To Read This Chart:** + +* Using ETH’s historical price action, we can plot logarithmic regression trendlines that coincide with historical levels of support and resistance. +* These lines can be useful for navigating bull and bear market cycles, as well as for identifying critical levels of support and resistance. +* Do note that with each day that passes, ETH's logarithmic regression rainbow trends higher. This means the longer ETH can continue to trend higher to the next subsequent regression trendline, potentially the higher the market cycle top. + +**What You Should Know:** + +* At a current price of $3,392, ETH currently resides between Band 5 ($2,857) and Band 6 ($5,327). +* Based on these regression lines, ETH's next big test of resistance is currently at $5,327 while support resides around $2,857. +* ETH would have to rally +57% to test resistance at $5,327 and would have to correct -16% to test support at $2,857. +* A move up to Band 8, which coincides with ETH’s previous market cycle top, would imply a $16,164 Ether and a +313.0% return from current price. + +### Bitcoin's +1 Yr. HODL Wave + +&#x200B; + +https://preview.redd.it/axsnoft7zyz61.png?width=3522&format=png&auto=webp&s=cc60cf9da6143e3c2b7e3ae8c9498344123d823d + + **How To Read This Chart:** + +* BTC's +1 Yr. HODL Wave shows what percentage of coins in circulation haven't been moved in at least 1 year. +* When charted against BTC's price, one can identify trends that coincide with bull and bear market cycles.  +* Historically, a local top in the +1 Yr. HODL wave is congruent with the start of a new bull market. When the number of untouched coins begins to decline amid rapid price appreciation, one can be confident that a new bull market cycle is likely underway. +* When the downward slope of the HODL wave grows increasingly steeper, one can assume that selling pressure is beginning to increase and supply is likely to outpace demand. As such, a cycle top is presumably creeping closer. +* Prior to hitting a local high, a gradual increase in the +1 Yr. HODL wave signals that market participants are in "accumulation mode." + +**What You Should Know:** + +* BTC's current +1 Yr. HODL Wave reading sits at 54.67%, i.e. 54.67% of all coins in circulation haven't been moved in more than a year. This is down -8.7 percentage points from a local top of 63.4% set on September 9, 2020. +* On January 31, 2013, BTC's +1 Yr. HODL Wave hit a local high of 48.2% and the price of BTC was at $20.40. When BTC hit a cycle high of $1,158 on November 30, 2013, the +1 Yr. HODL Wave reading was at 38.8%. That is, over the course of 303 days, the number of coins that hadn't been moved in more than a year had fallen 9.4 percentage points while price appreciated +5,580%. +* On January 19, 2016, BTC's +1 Yr. HODL Wave hit a local high of 61.5% and the price of BTC was at $380. When BTC hit a cycle high of $19,660 on December 17, 2017, the HODL Wave reading was at 43.1%. That is, over the course of 698 days, BTC's HODL Wave fell -18.4 percentage points while price appreciated +5,073%. + +### Bitcoin's 200W Moving Avg. Multiple + +https://preview.redd.it/57zqk5pbzyz61.png?width=3560&format=png&auto=webp&s=d2f883fb55e4bca50b01a932d1a1d169ef6495d0 + + **How To Read This Chart:** + +* **200W Moving Average:** A critical level of support used to determine an overall long-term market trend. The trendline measures the average price of BTC over the prior 200 weeks. +* **Moving Average Multiple:** The multiple with which BTC is trading at relative to its 200-week moving average. For example, a multiple of 4.0x means BTC is trading at 4x its 200-week moving average. + +**What You Should Know:** + +* In prior bull market cycles, BTC has traded as much as 10x - 15x its 200-week moving average prior to entering a bear market. +* BTC's 200-week moving average is 3.54x. That is, BTC is trading at 3.54x its 200-week moving average ($12,630), **down from last week's multiple of 3.74x and representing a 3-month low.** +* Given today's 200-week moving average of $12,630, a 10x - 15x multiple would imply a BTC price of $126,300 - $189,450. +* BTC's 200-week moving average multiple hit a local high of 10.3X for the week of April 4, 2013. On April 9, 2013, BTC hit a cycle high of $259. +* BTC's 200-week moving average multiple hit a local high of 13.2X for the week of November 25, 2013, which coincided with a market cycle top of $1,158. +* BTC's 200-week moving average multiple hit a local high of 15.2X for the week of December 11, 2017. That same week, price hit a cycle high of $19,660. + +### Bitcoin's Bull Market Weekly Support + +&#x200B; + +https://preview.redd.it/g6ubizoezyz61.png?width=3392&format=png&auto=webp&s=256bef17ad35cab705d3d969c981bf348a2e134b + + **How To Read This Chart:** + +* BTC's Bull Market Weekly Support tracks two critical levels of support that have acted as last lines of defense in prior bull market cycles: BTC's 20-week exponential moving average and 21-week simple moving average. +* In prior bull market cycles, BTC has mean reverted down to the 20W EMA and 21W SMA before bouncing and resuming its uptrend. +* When BTC breaks below both moving averages, the likelihood of BTC's bull market coming to an end is heightened. + +**What You Should Know:** + +* At a price of $44,700, BTC's 20-week exponential moving average is $46,823 and its 21-week simple moving average is $48,370. +* BTC posted a weekly close below the bull market weekly support on Sunday, May 16 for the first time since March 2020. Although bearish, we've seen several instances in the past where BTC momentarily traded below the weekly support band before resuming its macro uptrend. +* A move back up to BTC's 20-week exponential moving average equates to a +4.8% gain from current price. +* A return back above BTC's 21-week simple moving average equates to a +8.2% rally from current levels. + +### Bitcoin's Logarithmic Growth Curve + +https://preview.redd.it/qm26mhkkzyz61.png?width=3386&format=png&auto=webp&s=8ec56e56c708f4b2e90c16a4396eea7d59c6ca51 + +**How To Read This Chart:** + +* BTC's logarithmic growth curve consists of two sets of curved trendlines that have historically proven to be critical levels of support and resistance. +* While both lines point to price ranges whereby BTC is arguably "overbought" or "oversold," they also represent a notable underlying property of BTC that can be found in social networks, technological innovations, pandemics, societies, and economics: exponential growth. + +**What You Should Know:** + +* BTC is a +86% to +144% move away from entering into "overbought" territory, which is currently between $83,306 and $109,134. +* BTC is a -50% to -62% move away from falling into "oversold" territory. This week's range is $17,143 - $22,458. +* At a current price of $44,700, BTC resides in the 49 percentile of the logarithmic growth curve's $17,143 - $109,134 range. + + + +### Kraken Intelligence's Bitcoin Logarithmic Retracement Curve + +https://preview.redd.it/75uztp7rzyz61.png?width=3390&format=png&auto=webp&s=c37ef5ba24760aa9b04e27040b46fa05f4c63901 + +**How To Read This Chart:** + +* BTC's logarithmic retracement curve uses the growth curve's uptrending support line and historical price action to back into an implied market cycle top. +* Since 2011, BTC has long respected the growth curve's support line and has historically retraced down to said level upon hitting a market cycle top. +* When considering BTC's previous bull market cycles, one will find that it takes, on average, 385 days for BTC to retrace back down to the support band after hitting a top. +* Also, one will find that BTC has corrected, on average, -86% after the bull market ends.  +* By knowing where the price of the support curve is 385 days from today and making assumptions about how severe BTC will correct after hitting a cycle top, one can have a better sense as to where BTC would need to be trading to correct down to the support band over a period of 385 days. + +**What You Should Know:** + +* The price of BTC's logarithmic growth curve support 385 days from today is $35,229. +* Assuming BTC corrects -70% this market cycle, BTC would need to be trading at $117K for BTC to retrace down to support 385 days from today. +* An -86% correction implies a $255K cycle top and a -90% correction implies a $352K cycle top. +* According to this model, BTC is not currently in "market cycle top" territory. + +### Bitcoin's Monthly Upper Bollinger Band & RSI + +&#x200B; + +https://preview.redd.it/pfplq9quzyz61.png?width=3578&format=png&auto=webp&s=4e24cdf4e46b5788f32df9c1db3e0b13b78002b6 + + **How To Read This Chart:** + +* **Bollinger Bands:** A technical indicator that can be used to measure volatility and identify “overbought” or “oversold” conditions. When trading above the upper band, an asset can be considered "overbought." If trading below, the asset is considered "oversold." Oftentimes, the upper and lower Bollinger band represents a +/- 2 standard deviation move from a 20-period moving average. However, we'll be keeping an eye on a +4.5 standard deviation upper Bollinger band relative to BTC's 20-month moving average. +* **Relative Strength Index (RSI):** One of most popular and widely used momentum oscillators. It measures over a 14-period duration and fluctuates between 0 and 100. A reading below 30 indicates "oversold," a reading over 70 signals "overbought." Given its historical relevance, we'll be focusing on BTC's 14-month RSI. + +**What You Should Know:** + +* BTC's current intramonth high of $59,603 came $38,286 short of crossing its monthly upper Bollinger band of $97,889. +* BTC's 14-month RSI is currently 69.9 and is in "neutral" territory for the first time since October 2020. The trend in BTC's monthly RSI appears to be akin to 2013 when the index entered into "overbought" territory, then "neutral" territory, and then back into "overbought" territory upon BTC's second parabolic uptrend of 2013. +* In April 2013, November 2013, and December 2017, BTC hit an intramonth high above its monthly upper Bollinger band as price set a market cycle top. Only in these 3 instances have we seen BTC break through its +4.5 standard deviation monthly upper Bollinger band. BTC's 14-month RSI also topped out well into "overbought" territory at a reading of 96. + + **Bitcoin's MVRV Z-Score**  + + +https://preview.redd.it/qyn2842zzyz61.png?width=3562&format=png&auto=webp&s=99b82690ccfeab398b82259d66d49aa515b2baf7 + + **How To Read This Chart:** + +* **What Is A Z-Score?** A numerical measurement that can explain a value's relationship to a group's average. It is measured in terms of standard deviations. For example, a z-score of 0 means that a value is identical to the mean and a z-score of 1.0 means that a value is one standard deviation above the average. +* **BTC's MVRV Z-Score:** Considers BTC's market value and realized value to help determine when BTC may be over/undervalued. A z-score between 7 and 11 (pink box) suggests BTC is "overbought." When between 0.9 and -0.3 (green box), BTC is believed to be "oversold." +* **MVRV Z-Score Formula:** (Market Value – Realized Value) / (Std. Deviation of Market Value). +* **Market Value:** BTC's price multiplied by coins in circulation, i.e. market cap. +* **Realized Value:** The price of each BTC when it was last moved.  + +**What You Should Know:** + +* BTC's current MVRV z-score is 2.94, down -1.7% from yesterday's reading of 2.99, down -28.1% from last week's reading of 4.09, and now at a 5-month low. The last time BTC's MVRV z-score was this low, BTC was trading at $19,400. +* BTC's market value is down -2.3% at $893B and its realized value is unchanged at $377B. +* A +138.1% increase in BTC's z-score would put the indicator in "overbought" territory. A -69.4% correction would put the indicator in "oversold" territory. +* Prior z-score tops:  + * April 9, 2013: 11.05 + * November 23, 2013: 10.8 + * December 8, 2017: 9.77 + * Average score: 10.54 + * Note: These z-score readings topped out 1 day, 7 days, and 11 days, respectively, ahead of a market cycle top. +* On February 21, 2021, BTC's z-score hit a 3-year high of 7.62. + + **Bitcoin's Stock-to-Flow Ratio** + + +https://preview.redd.it/plcfvdf30zz61.png?width=3568&format=png&auto=webp&s=4a4d9ed4be032c4f8c9483fcf324f76a724d69f5 + + **How To Read This Chart:** + +* Much like gold and silver, we can consider BTC's circulating supply (stock) against its expected production of new supply (flow) to get a stock-to-flow ratio.  +* A high stock-to-flow ratio implies that a commodity is growing increasingly scarce and more valuable as a result. +* By overlaying BTC's price against its stock-to-flow ratio, one will find that BTC's price has trended alongside the ratio over the years. +* One will also find that BTC's price continues to diverge less and less from its stock-to-flow ratio, which is a 365-day average; when price trends above the stock-to-flow ratio, the divergence is positive (>1) and thus BTC may be considered "overbought." +* The multi-colored line denotes the number of days until Bitcoin's next halving, which is when the mining reward for a new block is cut in half. This reduction in new coins (flow) drives BTC's stock-to-flow ratio higher, implying that BTC is scarcer and thus more valuable.  + +**What You Should Know:** + +* Bitcoin is 1078 days out from its next halving, at which point its block reward will fall from 6.25 BTC to 3.125 BTC. +* BTC's current divergence is 0.46, down from yesterday's reading of 0.47 and down from last week's reading of 0.56. +* Prior market cycle tops coincided with a divergence reading of 40.8 (June 2011), 9.8 (April 2013), 9.75 (December 2013), and 3.5 (December 2017). + +All charts taken from Kraken's OTC daily email. + +“*All models are wrong, but some are useful.*” +\- George E. P. Box +Maybe too early to say —- but remember a few people who were talking about retiring on a lean budget through a mix of low cost +of living areas / high withdraw rates / super frugal living. One I remember being specifically intrigued by was a guy who was living in the southeast, living off the land a lot, and had $500k with a 5% withdraw rate. + + +Very interested in hearing how these people are planning on dealing with recent market developments. Thanks. +Last month same time, ETH was somewhere around $2500. + +A lot of us were practically checking the charts every few mins just to see its progress. + +Oh how happy I would've been if someone would've told me that exactly a month from now we'll be nearing $3k. + +But today, when its actually happening, its the complete opposite of what me or anyone of us would've thought. + +Oh how the turn tables. + + +(When in doubt, zoom out. 🔍) +I'm looking to invest in Canadian oil and oil-related stocks such as Enbridge, Canadian Natural Resources, Cenovus Energy, Suncor Energy and Canadian National Railway. + +However, what worries me about oil stocks is the trend towards renewable energy and transitioning from gas vehicles to electric vehicles. If 98% of our oil is exported to the US, and the US is trying to transition to renewable energy and electric cars, will this not hurt our big oil companies? + +I understand that natural gas and oil are largely used to generate electricity, but it's obviously not the same as transporting oil directly to gas stations for people to fill up their cars with. Also, couldn't there potentially be more of a transition to generating electricity from nuclear power and renewable energy sources? That could further hurt our oil companies. + +Am I being overly pessimistic about the future of oil? + +Last but not least, other than Enbridge, what other oil and oil-related Canadian stocks would you guys recommend? As both a US and Canadian citizen, I cannot buy Canadian ETFs in my non-registered investment account, so I need to look for specific company stocks. + +Thanks for your time. +It just seems like it should be the opposite. + +Cars go down in value, so why would you purchase one? Houses however, have a much better chance of being a good investment, why not purchase? + +_______________________________ + +EDIT: My personal opinion after reading on this thread is that renting/leasing on most (if not all) matters are grounds for immediate gratification. + +Also, landlords. Who the heck wants to deal with a landlord? I rather mow my own lawn than deal with a landlord. +&#x200B; + +[Lightning Network payment volume and quantity. Source: Arcane Research](https://preview.redd.it/dt8cdgurdtu81.png?width=1520&format=png&auto=webp&s=0dcf6d009fc53292d6ffe95bc3e4566aa7cfbfe1) +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’ve been trying to look for some information on what happened, but I haven’t really found anything specific. Seemed like a flash crash, but it was short lived and $DOW only dropped like 200pts. No gonna lie, it was a little scary there, saw March 2020 coming back for a second round. + +Still, I’d love to hear from anyone who understands this better than I do or has an article that discusses the causes of such an event. + +Thanks ! +This is a continuation of an answer I just posted. I just saw someone post something and I remember having such a similar experience and jealousy ....until I learnt the truth , and I just want to share this wisdom with the community so that others don't get fooled like I was. + +We grew up in a poor 3rd world country. Some of us moved to the USA, England and Canada. And others from our group seem to always be in vacation spots **all over the world.** Their social media accounts are filled with beautiful pictures of them in bikini's in the most beautiful locations around the world, living it up. They never explain what exactly their job is, and most of these girls have cut off contact with the rest of us, outside of basic comments like "hi" and "thanks for the like" + +I remember feeling constantly always jealous that I wasn't doing enough in my career, why can't I afford to vacation like that too ? If we're all the same age, and all came from the same poor country, how did they get so rich in their 20s , where most of us are still paying of student loans ? + +It wasn't until I happened to meet one such woman, that I understood what it was. It was one fateful day that I met a girl at work who I recognized having seen all over social media, and I asked her how does it work. That's when she explained it for me. She even gave me a few pointers. + +It was their job. They are models. There is an entire industry out there , of "selling the dream life" + +It is supposed to give the impression, that they are always vacationing. That's why the captions are purposefully left vague. *These are not vacations, they are paid advertising campaigns*. + +She explained to me that sometimes, she does several photo-shoots in a short space of time, but releases the photos over a period of months to give the impression that she has spent the whole year traveling. (obviously, maintaining this illusion requires keeping things vague when chatting online) + +She said its all about the image, and that is why they purposefully never say that they are paid models, in their captions, because then it ruins the illusion of "**the average woman taking vacation**" that these companies are trying to sell. + +She explained that even if the pictures make it appear like she's relaxing all day, many times its just a quick photo-shoot and then she has to rush to a next location in the same day ....even if she releases the pictures months apart to give the impression that she is leisurely travelling around Europe, for example. + +I've literally seen her do this. One day during lunch break at the office, she showed me some pictures she was uploading , and i was like wow ! that's where you went last weekend ? And she said "no, last weekend I was home, this picture is 2 years old." + +She didn't stay at the office too long...but I'm thankful to have met her. At least now I understand better. + +So please. If you are like me, and you have some old girlfriends (or guy friends) online who always seem to be vacationing... and it seems like they spent the entire summer travelling across Europe. And you are wondering to yourself, how they can afford to travel to all these locations ? **They can't.** + +It is job like any other. It is advertisement. + +So please Do not be fooled into emptying your savings trying to keep up. +Get fucking fucked. + +We tried to warn you, everyone with a shred of common sense pleaded with you that China was a communist wasteland, that they will in fact choose petty land disputes over their people's economic well being and their country's prosperity. That investing in a Chinese company was not like lighting your money on fire, but like lighting your money on fire with one hand while also jerking President Xi off with the other and begging him not to he spread your cheeks prison style after. + +&#x200B; + +&#x200B; + +&#x200B; + +[A live view of Chinese investors ](https://preview.redd.it/prs9mfbyugn81.png?width=600&format=png&auto=webp&s=afc5b4996f29cc9f256e6bec7d11f18f3cf05c70) + +And by the way, this is only the beginning. Because China is actually getting closer to Russia during this Ukraine conflict, not distancing themselves, like you would expect. + +That's right, China actually saw Russia turn into a Haiti tier economy overnight and thought "Wow, that was retarded what they just did, let's become their friend so they can help us do the same retarded thing to Taiwan some day." Like imagine siding with a Russian Midget with a Napolean complex that can't even win a war over the entire earth. + +So yea, enjoy those bags, you communist dickwads, maybe daddy Xi can give you a few thousand Rubles to use as tissues to wipe your tears if he asks his best friend Putin for some. + +**TL:DR Literally all you "China will replace the USA" people are retarded.** +Thought it might be helpful to people to know that today I got my Ryanair refund in the bank. +I had sat down Monday to face a long chat queue to ask for my refund to finally been processed after months of emails into a black hole. +After I gave enough unhappy responses to the chat bot I was put through to the agent queue and started to wait. + +While waiting i already put down all my details in the initial message, but then I was distracted, that led to another thing and another... +Hours later I got back to the screen i was presented with the end of chat feedback screen. + +I didn't have time to start again and left it at that. To my surprise next morning I had an email from Ryanair letting me know that my refund works reach me within 5 days. Seems the agent did process my request without chatting to me further. + +Tl;DR +If tired of waiting in Ryanair's chat queue, just submit your case and details in the message box. +That's about $42 per paycheck that is being taken out of my paycheck that doesn't need to be taken out. I am single, no dependents so I'm not sure if checked the right boxes when filling out the tax documents with my employer? +Superstonk isn't even a search result for "gamestop reddit" on Google. It doesn't even show up when you use the search term "gamestop reddit". + +You do get one ~~resulet~~ result when you type gme reddit, but Superstonk is just a subcategory within the Jungle sub, which I actually am perfectly fine with, since Superstonk definitely seems pretty shilly lately, with the DRS Removal poll and some \*cough\* mods that like to make "exceptions" based on their own personal biases, \*cough\* ...under water creature mod. However, due to the recent events such as these criminal hedge fund bastards even trying to censor Superstonk to this extent, reddit outages, increased shill activity, I'm not cool with it. We need to get our SEO GAMEUP. + +&#x200B; + +Also, you apparently get your post auto-removed for even mentioning the other sub... SUS AF if you ask me....(I just had THIS post removed and reposting it now) + +Superstonk is the largest GME community that we have, and we can't let it get ~~surprised~~ SUPPRESSED. Try your best to start using proper terminology and wording when referring to GME, Superstonk, GameStop, Ken Griffin, Jim Cramer, Citadel Securities, Citadel Advisors, Point72, etc..... Or if it really messes with your vibe, you can still call Kenny ~~May~~ Mayo Boiii, but maybe add some hashtags with the real deal at the end of your post, such as Ken Griffin Crimes, Kenneth Cordele Griffin, #KenGriffinCrimes, Kenneth Cordele Griffin, #Reddit #Redditsuperstonk #superstonk #SHORTSNEVERCLOSED #KENGRIFFINCRIMES #DRS #GME #GAMESTOP #DRSGME.....you get the idea. + +&#x200B; + +&#x200B; + +https://preview.redd.it/rkczthjb85h81.png?width=838&format=png&auto=webp&s=9bb0eee9f652e498f52e5e94862be5d905e2679a + +&#x200B; + +https://preview.redd.it/b4jsjszw85h81.png?width=840&format=png&auto=webp&s=49560be854b476992c5385368341c97daa2f127d + +Come on fellas, let's get superstonk HUNG. SEO UP! + +&#x200B; + +edit: spelling: result, suppressed + +**edit: why the mods change my flair from DD to speculation and opinion? It's literally a fact. Look at the screenshots. Even better, go do the search yourself. They are suppressing Superstonk. Smells sus mods. Smells sus. I bet it's you, under water sea creature mod** + +edit: good job apes, gamestop reddit is now showing our superstonk thread. let's keep the trend going and never let it die down again. the shills are trying mad hard. lol @ all the shills who said it wouldn't work. lmayo + +[https://www.reddit.com/r/Superstonk/comments/sq5our/we\_did\_it\_stop\_search\_result\_for\_the\_term\_were/](https://www.reddit.com/r/Superstonk/comments/sq5our/we_did_it_stop_search_result_for_the_term_were/) + +&#x200B; + +https://preview.redd.it/34955iufsdh81.png?width=771&format=png&auto=webp&s=18c9a09320ddb3bc6f81a1ea97fef2ababd645c0 + +&#x200B; + +&#x200B; + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/spzrqy/the\_gamestop\_reddit\_a\_gme\_subreddit\_focused\_on/](https://www.reddit.com/r/Superstonk/comments/spzrqy/the_gamestop_reddit_a_gme_subreddit_focused_on/) + +nice work u/alexandrosdimo + +https://preview.redd.it/bf7ymz4hsdh81.png?width=755&format=png&auto=webp&s=509091103b05d632e641d28a4c2758acce6afbfa + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I've been preparing a hedonic property index for some suburbs in Melbourne and have noticed that on realestate and domain that sales data for properties may not show up for over 4 months after a sale. I'm still seeing sale results from February finally appear in their sold property listings in July. Domain and Realestate also do not have the same property sales - need to check both sites. + +What I've also noticed is that the properties that are late to be added to the sales data tend to not be highly price properties for their feature set (land size, bedrooms, house quality). So I'm starting to notice that quite a number of lower priced houses are only added to sales data 2, 3 or 4 months after the sale. + +It appears this could be a deliberate tactic to make the market appear stronger than it really is. If we are only seeing sales data from the best performing properties potential purchasers are being mislead. This works on the way up and down of property cycles - the current state of the market always appears better than it is. + +This would go in line with the mentioned memo from the RBA about hiding property sales data and freezing sales in the market. Maybe it was decided completely freezing property sales data would be counter-productive but if poor sales data was withheld from the market this would be optimal - the market appears to be working and apparent price falls are limited. + +In the suburb I'm researching in outer east Melbourne I have tracked 110 sales from mid-October to mid-July. I give each property a score based on a combination of land size, number of bedrooms and house quality (whether it's a run down shack or recently renovated to high standards - and also property location). + +I've found my method pretty accurate and predicting property values mathematically - for June/July my method calculates price to within 4% of the actual sale price on average. I've found that suburb's price has fallen between 6% and 8% since its peak. My problem is with sales data being withheld the falls are likely higher and we wouldn't know for months after the fact. + +**Edit - I don't mean "price withheld" later updated, i mean properties completely missing only showing up months later. Will do more research on this.** +So I bumped into a Defcon video that explains how every SIM card in the world is actually a mini-computer by itself - it can run Java apps called "Applets" and it can even talk to the phone's networking stack via an API. + +Could this be made into Bitcoin wallet "Trezor Style"? + +The much-discussed M-PESA applet is one of the applications that runs on millions of African phones... even the legendary Nokia 3310 can run these apps that can sign, verify and do cryptography stuff. + +**Resources** + +[1] Watch this video for some very interesting insights - http://simhacks.github.io/defcon-21/ + +[2] More Code examples, makefiles - http://simhacks.github.io/ + +I own a material amount of ETH. I'm an ICO investor and Early Adopter. + +I'm losing a crazy amount of money as this thing crashes. + +But I hope it keeps crashing, and not so I can buy more (I can't buy more as I'm fully invested ) + +I hope it keeps crashing for all the Ether holders who are trying to separate themselves from the DAOs problems. + +The mentality of "It's not my problem. They invested in something stupid. They should have read the code. They should lose all their money" sickens me and makes me ashamed to be part of such a community. + +For one thing it is a reckless position to take. + +1) The DAO flaunted SEC crowdsale rules. That might be fine and dandy if it's a roaring success, but if it's a catastrophic failure? There will be inquiries. All the curators, the dream team of Ethereum will be subpoenaed. And it may not stop there. + +2) There will be a continuous outcry from butt hurt people. The community will be forever divided. In the fast moving crypto space it will not survive, some other smart contract project will supercede it. + +So guess what ETH holders the DAO problems are your problems. + +Honestly it could have happened to any big complex smart contract. + +Just last week Maker narrowly escaped a similiar attack. + +Something like this was bound to happen at some point. + +The community needs to unite. + +But if it is divided it should fail. + +And as it is now divided I welcome the crashing Ether price with open arms. + +We should be united and fighting, not clinging to the Bitcoin playbook like scared little children. + +Big changes in Ethereum need to be made. Best practices need to be hammered out. Perhaps we need decentralized insurance to protect against catastrophic loss caused by code. Perhaps we need a decentralized Moody's for verifying smart contract safety. + +In any case, this loss could have happened to anyone. And the scope of the loss is too large for anyone in the Ethereum community to survive the loss. + +So unite and look for a solution. + +But while Ether holders continue to make hurtful statements towards DAO holders I applaud this crashing Ether price and say with a devilish voice inside my head, "Burn baby burn!" +Just received this email from Coinbase support regarding the OMG drop: + +Hi there, + +Thank you for contacting Coinbase. + +Unfortunately, our key-signing mechanism is not equipped to handle alt-coins that run on top of digital currencies such as bitcoin or ethereum. The security and integrity of our private keys is of the utmost importance to us. As a result, the specific private keys associated with an address are not physically available to any single person. It would take a massive effort and some very large engineering resources just to access a specific key, not to mention the inherent security risks involved. + +You can learn more about this on our FAQ: +https://support.coinbase.com/customer/en/portal/articles/2829461-altcoins-and-icos?b_id=13521 + +I understand that this is extremely frustrating, but the unfortunate reality is that maintaining and prioritizing the security of our private keys is our top priority, which means we will not be able to return any alt-coin funds accidentally sent to Coinbase-controlled addresses. I apologize, and wish there was something more we could do. + +Thank you for contacting Coinbase Support. + +Best, +Direct Quote from FidelityJohn on another post: + +"Shares purchased in a cash account, or a margin account without borrowing, are considered fully owned by the account owner. Shares held at Fidelity are considered to be registered in "street name." This means the name that appears on the stock or bond "certificate" is that of the broker, but the person who paid for the securities retains ownership rights. Fidelity does not lend out shares held in Cash accounts, or when no margin debit exists in a Margin account." + +I will restate the above now in plain English. + +Shares purchased in a cash account are not fully owned by the account owner. Fidelity owns the shares in their name. Fidelity truly does not lend out SHARES HELD in cash accounts. But shares are not actually held in cash or margin accounts. Shares are all held in Fidelity's name. + +How can I say this is true? Because, "considered" means to think of in a particular way. It does not mean that it actually is. Furthermore, Fidelity claims "the name that appears on the stock or bond "certificate" is that of the broker" which means that in a nutshell Fidelity owns the shares. Fidelity has their name on all shares and they have an IOU or equivalent that means if and when you sell, they will hand over the amount that you are due in cash. But you never LEGITIMATELY or ACTUALLY owned any shares through Fidelity. + +If you want to own shares in your own name. Locate the transfer agent for your stock, and Directly Register the shares with the transfer agent. DRS +Let me start with a little context ... + +My wife and I are currently \~ 2MM net worth, in the low end of our mid 30s. We've always had FI in mind, but haven't ever put together a budget or killed ourselves with frugality. We've always lived well within our means and have had a healthy attitude towards money. We don't get off on flashy things, but blow more money than most people on travel, going out, and having fun. + +To me, FI starts at 3MM, with 5MM being where I would actually consider adding RE to the mix. Though, neither of us would ever RE, we would instead work for ourselves / work a lot less, which also helps with cash flow if we did ever FIRE. To some people, this already puts us in the fatFIRE range, but to me, fatFIRE would truly start at 8MM. This is why I'm here. I think we can reasonably hit my definition of FIRE (3MM to 5MM) in the next 5yrs, and I think we have a shot at fatFIRE (8MM to 10MM) in the next 10yrs to 15yrs. + +We currently live in a MCOL city, but work may take us to either coast in the near future. No kids yet, but probably will have a couple in the next few years. + +What I want to get input on, is how realistic is it that we hit either my FIRE range or fatFIRE range in the next 5, 10, 15yrs. + +|Current NW (conservative)|2MM| +|:-|:-| +|W2 Income|380k (250k me, 130k her)| +|Rental Income|40k to 70k, variable| +|Retirement accounts|460k| +|ETFs / Index Funds|122k| +|Crypto|70k| +|Cash (high yield savings)|165k| +|Checking|40k| +|Real Estate Equity|1.15MM| +|Real Estate Portfolio Value|2MM| + +I'm pretty heavily invested in real estate, which I started doing in my mid 20s. My plan is to continue doing this. + +To get to 3MM in the next 5 years, I only have to save 200k per year and dump it into the S&P500, which is in the plans but will be a bit of a savings stretch without bumping up income. The 165k I have sitting on the sidelines in cash will likely go to more real estate, or the S&P500. I started saving the cash about a year ago to build up some runway as I was close to quitting my job to work on a business I started the year before. The business failed, but I kept saving anyway. I know it's stupid to keep it in cash, but at this point, I think it's reasonable to hold it for a market downturn while I continue to make regular DCA contributions to Vanguard index funds. The high yield savings account the cash is in has roughly the same return as holding bonds. + +My current W2 income should rise over the next 5 years. I believe with a pretty high confidence level that I can get my W2 income to the mid 300s in the next few years, and with a move to the coasts I should be able to get into the 400s, potentially 500s with a lot of luck and burnout. She's probably close to maxed out on W2 income for the next couple years as she's already near the top of the pay scale for her career. A move would likely get her a COL bump, but nothing crazy beyond that. + +So, we've got the 3MM level figured out in the next 5 yrs. + +For 10 to 15yrs and getting to 5MM or the 8MM to 10MM range: + +I plan on leveraging some of my real estate up and building a larger portfolio if we do see a downturn and real estate prices drop. This would reduce my real estate income, but with 15yr loans should increase my equity and recover cash flow loss within 5 to 10yrs, or if I can buy right, no cash flow loss and just a reduction in equity. + +I'll probably make the jump at some point to start a business. This is what I ultimately want to do career wise, and actually already would be doing if I didn't have a really solid W2 income. The opportunity cost is really high, and outside of the business I started and ultimately shut down, I haven't had anything else I've been passionate enough about to make the jump for. + +On the flip side, I could bump savings up to 300k per year during this time and work for the next 10yrs. That puts me around age 45 or 50 with what should be getting into the 8MM to 10MM fatFIRE range, though at an age that is a little later than I would like. A big reason I want to reach FI is so I can actually spend time with my family and actually live. + +If I did jump and build a successful business, I should blow past my 8MM to 10MM fatFIRE range, so this is a wild card. + +Anyway, that's a lot of text. I appreciate any input and would love to hear your thoughts on potentially hitting the 8MM to 10MM NW range with our current NW and plans. +For the first time in my life, I have kept $300 in my account by my next paycheck multi weeks in a row (4).Hard af with a 5 year old but man, the way it makes me feel waking up and seein enough money to make it through the Day! +Its a work in progress but im working on it. +Hi everyone, pretty new and young (29) investor here. Just wondering why a lot of people seem to recommend XEQT or VEQT vs. just an S&P 500 ETF? + +Correct me if I’m wrong (see tables below), but it seems XEQT and VEQT have about a 7% 20-year annualized return based on their underlying ETF’s, as they are quite new products. + +Whereas, the S&P is generally quoted averaging 10% per year over the last 20 years or so and its lifetime. + +With MER’s being much lower for S&P ETF’s (0.03-0.04%) vs XEQT or VEQT (0.20-0.24%) and the return of a S&P ETF seemingly being better, why wouldn’t the S&P ETF be the better choice in the long run? + +Am I missing something? (I totally could be…I’m new to this) + +Thank you! +Hi All, + +(throw-away account but long time member) + +The thread awhile back about what would you prefer $10m at 40 or $50m at 80 got me thinking about the decision I have coming up. + +**Situation:** + +I will soon hit \~$4.5M in investments at 49, with a paid-off house and kids college paid for (youngest two are currently in college). + +We live in MCOL and current spend is \~$100k/yr and 3% SWR on $4.5m would be \~$135k allowing us to increase our travel budget from $10k/yr to $40k/yr. + +For every additional year that I work beyond 49, our net worth will continue to increase by $500-700k (or roughly $20k/yr at a 3% SWR). + +**Question:** + +What would you do? Retire now, or continue to work at a job you don't mind but aren't in love with? If you would continue to work, how far would you push it and what would the additional spend buy you? +I feel like i'm missing something. + +We are about to start construction on our home (hopefully 2-3 months away). I'm keeping most of the anticipated costs in "cash".. But with yields climbing, i feel like there should be a way to generate 2-3% yield, however I'm not seeing it. + +Is there a simple instrument for it? +As the title states I was victim to a scam of around £1400 in total, early last year I started my own business reselling designer clothes and shoes and I was doing okay for myself. I also work part time and in full time +education and this was a side hustle to kind of pay for social life as my part time job paid rent and other necessity’s. + +Someone noticed how well i’m doing and sent me a link to there website (I can’t disclose) and it seemed to be a legit clothing retailer with really good prices, I was speaking to this guy for around 5 months being weary before placing my first order with him for a customer. The item was a designer belt and I paid less than retail and even charged my customer less than retail, the belt was confirmed 100% authentic and the customer was happy. + +Fast forward a few months and someone messages me asking about some clothes they were looking to buy so +I again reach out to the owner of this website asking about this order and if he could be able to get or has any of the items in stock, he told me he did and I was asked to pay by bank transfer, (early december) after speaking to this guy for so long +and having a successful order in the past i trusted it and ended up placing 3 separate orders equating to around £1300, these 3 orders consisted of around 7 items. It gets yo-yo christmas and i still had not received any of these items so i message him and 3 weeks later I get 3 of the 7 items in the post. + +I message my customer who purchased them telling them they arrived and then checking them, all 3 items ended up to be fake and upon asking the guy about why they were fakes he said “i never check the authenticity or certilogo codes and they are 100% authentic not sure why it’s showing up as not bro” + +after realising I have been ripped off I head to my bank and they basically say I can’t do anything about it and to just contact citizensadvice and fill out the forms for “Financial ombudsman” which I have done. + +I have people angry at me and need a way to scrape together £1400 to avoid being slaughtered by angry customers who have been waiting almost 2 months and I have no idea what to tell them or how to reimburse there losses. + +Any advice would be really appreciated. I’m super stressed and struggling +with my course work and my mental health over this situation. I even spoke to my professor and he pretty much said there’s nothing i can do and that’s made the stress 100% worse. I have no one I can reach out to on this especially as I don’t live with family and they are not in good financial states. + +Unclear if this is the right place for my post but I really need to scrape together this money. +Hi everyone. First time poster on Reddit! + +I am graduating from college come May this year and already have a full time job offer. I am promised 150k a year. The thing is it isn’t an office job I work on tugboats on the ocean. My first hitch is June to October. Then October to April the next year. I am able to live where ever I want to then be flown to work and back home. I am planning on living with my family until I figure out what I should do in my time off. I already am invested in stocks, mutual funds, and index funds. + +I’m really stuck and kind of nervous. I’m used to living off ~20k a year for expenses from internships and jobs that I work when not in school. This seems like a large number to me for a years salary not even a month out of college. + +In the end I don’t really know what to do. My friends and I talk about buying a duplex then renting out the other half to pay for the mortgage, but that’s all speculation. + +Any help? + +Thank you! + +*graduating with zero debt* +I love charts, I love dissecting a chart. I love breaking it down to the bone. I love looking at upside down, inside out, looking at it from behind my monitor and from the front. I like the colors on it. I like the way it moves. I love trading it. I get to do this twice a week on my days off from my real job. The satisfaction from it makes me want to do it after I get off work. At 10 pm after a 13 hour shift. At 6 am before I go to work. And when I go to the bathroom on my phone. I daydream about charts, and I’m starting to dream about it in my sleep. Its not the trading part or the gamblers addiction but the chart it self. The feeling I get when I know that chart will move there and it did, I wanna chase that. I liked algebra, calculus, geometry but this is the real application of it! + +At my full I get a chance to play with numbers at my job, but about 15% of the time, and it EXCITES me more than the 85% of the time that I am doing other things. It makes me wanna go to my desk and look at a chart. + + +Is there anyone else that gets happy looking at a chart, not because you can trade it but the pure joy of analyzing a chart? +I was about to invest in bitcoin, but I just jumped into the ethereum hype train without asking a question... + +Hopefully I have made the right decision. Why did the price go up dramatically today? +So we all know that Ethereum is a platform for decentralized apps operating via a blockchain, and we know that ETH is the way of compensating nodes (via gas) for processing power and hence preventing spamming and exploitation of the network. + +This in itself gives ETH value. Moreover, we can exchange ETH far faster than we can exchange BTC, and soon hopefully even faster (Casper). + +Apart from the use cases of the Ethereum blockchain, isn't it obvious that widespread services like Paypal are slow and bloated and cost us pointless fees? It seems obvious to me that ETH will supersede services like Paypal. And - I hope this doesn't sound too circular - I'd rather be paid in ETH than via the flabby, outdated paypal system. + +tl:dr + +wouldn't you rather be paid via the Ethereum network than by Paypal? +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! + +About a month ago Turkeys president has declared a "War on Crypto" following young turkish people using Crypto to escape the extreme inflation. + +You may ask how this war on crypto is going? + +Turkeys currency has just hit an inflation of 20%, with no end in sight. + + +Following his statement, even more turkish people are now using Crypto to escape the inflation, seems like the war is going in reverse for him. + +[(source on inflation)](https://www.tagesschau.de/wirtschaft/weltwirtschaft/erdogan-lira-tuerkei-101.html) +**Ok look, idiots, I am no genius, but this drop from 170 to 100ish is not all bad. TL/DR at the bottom for the most autist...** + +Here is why- + +1) **We are still up huge from the close of yesterday** and have seen a solid ground at the 106 range. This establishes a floor, i.e. the minimum amount of money the stock can go if paper hands sell. + +2) I have read multiple articles claiming **that Short Sellers just on Wednesday lost a total of 818 million.** Why is this important you may ask?? Well simply put for you fellow atuists, with these HF down nearly a billion in one day, they can't continue the squeeze because they have no capital to buy the calls back. **So this might leave us with no large increases until Monday until capital can be raised to cover.** + +3) We know from the past, that without capital **A) there can't be any short latter attacks B) the HF will be forced to pay high interest on these positions if they don't cover them. C) there will be a continuation of a squeeze if we hold.** + +IT won't LET ME POST THE LINK- just look it up it's the first article. + +4) **Other shorted stocks have a good chance at rising too.** Rember GME is the big whale while other shorts like AMC, NOK, and BB are more like fishes (still valuable but not like the whale). So while HF gathers capital to cover shorts on GME, **they will have to pay BIG BIG BIG bucks on interest with the other smaller stocks.** + +**TL/DR: don't panic because you see a drop right now, there is a good chance that it is because of limited capital from HF because of Wednesday's crash, leading to no money to cover shorts.** This means HF will be forced to pay interest on the positions they still have and will lead to a bigger squeeze in the next few days. HOLD THE LINE. + +I am not an adviser, I just like the stock ;) +While most of you are probably tired of the moon coin posts, let me tell you why this COULD be different. The community of SafeStar is 10x better than the constant “to the moon” nonsense that happens over at many other subs. Along with that, the developer is actively in the chats and talks with every person who messages him. + +Now... you want to Yolo? Here’s what you should know + +Currently has over 3,000 holders (1609 gained today) + +Locked liquidity... locked presale tokens.. locked dev tokens for months. + +Gained over 100% today and still has a small market cap. Definitely more fuel in the rocket and it’s only been on market for a day. + +Deflationary- whales sell.. you gain coins back. + + +Aside from the stats, if you missed safemoon or hoge, this is your ticket to space 🎫. I’m not guaranteeing a huge gain... but does a bear sh/t in the woods? + +Official Sub: r/Safestarcrypto + +Twitter: https://twitter.com/SafeStar_ Medium: https://medium.com/@safestar +Website: https://www.safestar.me + +CoinGecko and Coin market cap are in talks with the dev. about listing within a few days. + +For anyone who does not want to read stats and wants to yolo with Pancake Swap here’s how.. + +Put the contract address into Trade + +Contract addres: 0x3c00f8fcc8791fa78daa4a480095ec7d475781e2 +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)**^())** +**"Never catch a falling knife"** - ETH dropped like a knife quite a few times, would've been a good catch + +**"Never invest more than you can afford to lose"** - People assume it can "all very well go down to zero", yet I haven't seen any proof of this. Since the inception of Bitcoin, markets have only been going toward a trillion rather than toward 0. Yet, people keep repeating this "wisdom" as if it could be likely. + +More interesting would've been to invest double as much as you can afford to lose, cause markets generally never correct by more than 50 % on average (instead of 100 %). + +People who got tricked into believing it can go easily down to 0, have only invested 50 % of what they could have afforded to invest. Say you can afford to lose 1000, then you can invest 2000 since 50 % drop puts you at 1000 on which you exit and you've only invested what you could afford to lose. + +If you had taken this approach, you would've had the 10x returns we've seen rather than the 50 % drops that you tried to cover but didn't happen. This person now only earned 10 000 while they could've earned 20 000 with the same perceived risks. That's a huge difference in gains compared to the small increased extra investment you had to take but didn't, for no good reason. + +**"Diversify into other assets"** - Overall, the crypto market has outperformed any other asset class out there, diversification would've dragged your winnings down. Are we here to earn life-changing money, or are we here to earn ourselves a new Playstation 4 ? Go for that once-in-a-lifetime opportunity and go for that life-changing money goddamn-it. You aren't going to get 20x returns on Google stock or Oil Investment Company since these markets have grown to maturity already. Go for that immature low-key small market of booming tech. + +**"Don't invest in a bubble, it's gonna pop"** - There is nothing that can go from 0 to a trillion without some high short-term bull runs. These bull runs will always look the same as a bubble. But it doesn't make it a bubble. I heard of people who considered Ethereum to be in a bubble after a rapid rise from $ 0.70 to $3.00 and decided against investing "because bubble". But people today, can only be jealous when they hear $3.00. Both groups of people missed out. + + +[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/) +Day before May 30 deadline provided by Kinder Morgan to pull out of the project. + +Profit sharing with Alberta. + +Transaction closes August. + +Federal government will sell the asset when buyer is found. + +Fed will cover any financial liabilities incurred from opposition in BC. + + +http://www.cbc.ca/news/politics/liberals-trans-mountain-pipeline-kinder-morgan-1.4681911 +Being new in the stock market I ve been following LSPD downfall. I m tempted considering the 52 week high at 165$ and stocks down at 40$. Any thoughs? Will it go back up? +Let's say, hypothetically, "meme" stocks trade in a basket of swaps, so that their pricing impacts other stocks in the swap. + +Let's also hypothetically say a company with less than 80 million shares had approximately 95% held by insiders and institutions. + +Additionally, let's say that that company's shares were pretty god damn cheap. + +Imagine you're RC. You want the MOASS to kick off, but you don't want to be responsible for the MOASS. You find another company who seems to be in your swap, with the circumstances we just described. You buy enough options to get heard by their board. You tell them, "Listen, I can help you guys save your company. If I sell these options inside of 6 months, you take the cash. Dump these assholes on your board, let me prep the squeeze on your stock, and then once it squeezes, I'll sell the options, the SHFs will use that to absolutely crush the stock price, and then you can use that to buy back all of your remaining outstanding shares, +10%. Then you hold onto those shares for 36 days. After that, you announce that you're taking the company private." + +BBBY proves they're holding more than all the shares they've issued, and have been for longer than a full market maker synthetic cycle. Now every share in play is known to by synthetic. The squeeze on BBBY launches the squeeze on other "meme" stocks, like our beloved GME. But GME didn't launch the rocket. BBBY did. There goes one headache. Also, BBBY gets their company saved AND gets all of the predatory fucks off of their back. RC gets Buy Buy Baby out of the deal. + +But most importantly, a whole world of people who have no idea what in the fuck is going on find out. This is the best RC can do for us until we DRS 110% of the float. We can end it through DRS... But I believe this is RC trying to make moves for GME too. +Hi guys, I'm looking to the possibility of a permanent wage from the wheel options strategy. In your experience, what % ROI do you earn each month. I've only been using this strategy for a few months and it seems that I am managing to receive about 5% to 10% of my investment. + +My experience: 5000$ investment, roughly $250 to $500 returns per month. + +As I am new to options trading I am not sure if I am just getting lucky or if this is a reliable income strategy. I am considering the idea of investing 40,000 to make returns of between 2000 and 4000 per month. +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. +As title suggests, for those who have decided not to save for a deposit and get a mortgage, what do you do with those savings instead? Travel, higher quality rental, more indulgent experiences etc? +I’m new to to this so bear with me. + +I want to put $100,000 down on a $250,000 1bdr apartment. I could probably charge around $1300 for the apartment. + +The question I’m stuck with is what length mortgage I want. A 15 year mortgage would cost about $1100 a month and a 30 year mortgage would cost about $800 per month. + +I’m wondering what I should be paying in mortgage to break even with all the costs of ownership (vacancy rate, inspection costs, repairs, property manager, etc)? +Hi UKPF, + +I drive anywhere between 5-30k business miles a year, in timeframes and to places unsuitable for public transport - and need some help confirming my thinking on the most cost effective way to do it? + +My employer give me two options, £550pcm before tax through our Company Car Scheme, or take the £550 as "Car Allowance" and get taxed at 40% (\~£330net). If using the latter the car has to be "sensible, appropriate and <115g/km C02" with all costs on me (including alternative travel if it breaks). Mileage is covered at 18ppm. + +I have traditionally stayed away from the Company Car scheme due to a 48 month lock-in, high termination fees if I leave the company or change role, and the fact a base-spec PHEV VW Saloon is the only thing in reach with my monthly (Very High EV costs on scheme, Crippling BIK on most non "hybrid" cars). + +I normally buy a 5-10k mid platform car on a loan (3-5yrs, 3\~%), and run it into the ground - but this year the C02 requirements are limiting me somewhat and I am acutely aware that even self servicing and doing a lot of my own wrench work - I am still loosing money a after VED, Insurance, Tyres and the loan etc. + +Can it be done, how would you do it , am I getting the rough end of the stick ? + +Thanks in advance ! + +&#x200B; + +Edit: Lot of people asking about EVs, from my reply below: + +" I have been discussing this in other threads here, it boils down to I would love an EV, but our car schemes prices on them are well above market, real world ranges in cooler weather and that I often travel unpredictable, antisocial hours with notable consequences for being late. A half an hour charge isn't painful on a normal day, but 2 of them when you already leave the house at 5am is a different matter. I really would love one, I am happy to bare some discomfort, but I have to balance it against my sanity " +I’m starting to put $100 a paycheck into BTC so $200 a month. So when I retire from USAF in 2031 I hope to have enough and the price be high enough to never have to work again when I cash out. I also invest 10% of my paycheck into TSP (50/50 S & C funds). This is so when I retire I have my military retirement pension, TSP and BTC to use as a retirement portfolio. +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. +Good Morning Everyone! + +Net short volume for todays FTDs picking up a little as we move another day closer to ETF FTDs + +https://preview.redd.it/i3d4tvtkmv981.png?width=222&format=png&auto=webp&s=1ed84e94812282250fcdf968bd075cff40671ba9 + +Possibly a little more buy pressure today but the put walls at 150 and 155 remain in place, with a small number of the 150's sold yesterday they are weakening, but may be enough to continue to stabilize the price. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +Edit 5 1:21 + +Bouncing, I wouldn't consider this confirmed yet but it looks good + +https://preview.redd.it/dics8m5zvw981.png?width=1522&format=png&auto=webp&s=042236d93b19750d355fd652be24fbfb7f743c77 + +Edit 4 12:42 + +Pushed down now below the 140p that expire this Friday. The is the Third test of the EMA 330 since Melvin began their short position in 2014. This reeks of desperation as they use short term contracts to hold the price down until the end of the week. Almost all the put interest expires Friday. + +https://preview.redd.it/oz9ofzibpw981.png?width=1535&format=png&auto=webp&s=64b13951d22be7482b5f2ecfe68f33a5a78d33c7 + +Edit 3 11:38 + +142 and 140 puts coming in now they are pushing hard, bullish + +https://preview.redd.it/bafswdajdw981.png?width=1527&format=png&auto=webp&s=748e8d4c09e71f713eb964d454c9b709e1b8358a + +Edit 2 10:40 + +Still pushing sown to get those 143's in the money, volume at 325k + +https://preview.redd.it/vq2nltc53w981.png?width=1526&format=png&auto=webp&s=5720b790b1e65b8642a3264c0d423a9843d90b90 + +Edit 1 10:04 + +Slammed the price at open after buying a bunch of puts at 143 but it looks like they failed to drive the price down enough to get them in the money, which is kind of funny. + +https://preview.redd.it/11jekoyywv981.png?width=1526&format=png&auto=webp&s=37e731e16239d2d334a19b31d342607d2e67d5f9 + +# Pre-Market Analysis + +Pretty flat this morning compared to the last two days but volume is up a bit over yesterday + +Volume: 7.28k + +Max-pain: $150 (shifted down probably due to the number of puts opened yesterday) + +Shares to Borrow: + +IBKR: 100,000 @ 0.6% (250k borrowed this morning and borrow rate down again) + +Fidelity: 519,222 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/zjwdkcmynv981.png?width=1536&format=png&auto=webp&s=dd85c438bd9f9bcc8af4309e372210f65a84b4c0) + +TTM Squeeze + +[3 fire signals](https://preview.redd.it/rrbsywgjov981.png?width=2450&format=png&auto=webp&s=8d30ad647dcd62e73438fab70fb0fb0dc40b8b50) + +BB/KC Squeeze + +[Now firing on the daily](https://preview.redd.it/hr5dr28pov981.png?width=2449&format=png&auto=webp&s=b1af1bc6600b10750b776bd2c6cb6d7ceb99eda6) + +CV\_ VWAP + +[No significant Change](https://preview.redd.it/8p4efxn0pv981.png?width=2455&format=png&auto=webp&s=e69677b976d4db4f58c91dccee215a28f23ce97c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Good Morning Everyone! + +Net short volume for todays FTDs picking up a little as we move another day closer to ETF FTDs + +https://preview.redd.it/i3d4tvtkmv981.png?width=222&format=png&auto=webp&s=1ed84e94812282250fcdf968bd075cff40671ba9 + +Possibly a little more buy pressure today but the put walls at 150 and 155 remain in place, with a small number of the 150's sold yesterday they are weakening, but may be enough to continue to stabilize the price. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +Edit 5 1:21 + +Bouncing, I wouldn't consider this confirmed yet but it looks good + +https://preview.redd.it/dics8m5zvw981.png?width=1522&format=png&auto=webp&s=042236d93b19750d355fd652be24fbfb7f743c77 + +Edit 4 12:42 + +Pushed down now below the 140p that expire this Friday. The is the Third test of the EMA 330 since Melvin began their short position in 2014. This reeks of desperation as they use short term contracts to hold the price down until the end of the week. Almost all the put interest expires Friday. + +https://preview.redd.it/oz9ofzibpw981.png?width=1535&format=png&auto=webp&s=64b13951d22be7482b5f2ecfe68f33a5a78d33c7 + +Edit 3 11:38 + +142 and 140 puts coming in now they are pushing hard, bullish + +https://preview.redd.it/bafswdajdw981.png?width=1527&format=png&auto=webp&s=748e8d4c09e71f713eb964d454c9b709e1b8358a + +Edit 2 10:40 + +Still pushing sown to get those 143's in the money, volume at 325k + +https://preview.redd.it/vq2nltc53w981.png?width=1526&format=png&auto=webp&s=5720b790b1e65b8642a3264c0d423a9843d90b90 + +Edit 1 10:04 + +Slammed the price at open after buying a bunch of puts at 143 but it looks like they failed to drive the price down enough to get them in the money, which is kind of funny. + +https://preview.redd.it/11jekoyywv981.png?width=1526&format=png&auto=webp&s=37e731e16239d2d334a19b31d342607d2e67d5f9 + +# Pre-Market Analysis + +Pretty flat this morning compared to the last two days but volume is up a bit over yesterday + +Volume: 7.28k + +Max-pain: $150 (shifted down probably due to the number of puts opened yesterday) + +Shares to Borrow: + +IBKR: 100,000 @ 0.6% (250k borrowed this morning and borrow rate down again) + +Fidelity: 519,222 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/zjwdkcmynv981.png?width=1536&format=png&auto=webp&s=dd85c438bd9f9bcc8af4309e372210f65a84b4c0) + +TTM Squeeze + +[3 fire signals](https://preview.redd.it/rrbsywgjov981.png?width=2450&format=png&auto=webp&s=8d30ad647dcd62e73438fab70fb0fb0dc40b8b50) + +BB/KC Squeeze + +[Now firing on the daily](https://preview.redd.it/hr5dr28pov981.png?width=2449&format=png&auto=webp&s=b1af1bc6600b10750b776bd2c6cb6d7ceb99eda6) + +CV\_ VWAP + +[No significant Change](https://preview.redd.it/8p4efxn0pv981.png?width=2455&format=png&auto=webp&s=e69677b976d4db4f58c91dccee215a28f23ce97c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +In a report titled “Healthcare: Our 2016 Outlook,” S&P Capital’s IQ Healthcare Equity Research’s Jeffrey Loo writes that Clinton should be the preferred choice for the industry in order to maintain high profits. She will preserve the Affordable Care Act and be unable to pass meaningful drug reform legislation + +The report makes clear that it views the gridlock created by a Clinton administration paired with a GOP Congress as the rosiest picture healthcare investors. + +>Overall, we believe the best scenario for healthcare investors is a Democrat, presumably Hillary Clinton, winning the Presidency, as we anticipate the Republicans retaining control of Congress. In this scenario, in spite of Clinton’s numerous “threats” to rein in drug prices, allowing the re-importation of drugs, and allowing Medicare to negotiate drug prices, we believe it is highly unlikely Clinton will be able to pass these initiatives through a Republican controlled Congress. Conversely, the Republicans’ efforts to repeal Healthcare Reform, would be thwarted by a Clinton veto as we do not anticipate the Republican obtaining the 2/3 votes to override a veto. + +http://www.spcapitaliq.com/documents/our-thinking/research/trends-and-ideas-healthcare-our-2016-outlook.pdf +Full disclosure, I invested in Suncor recently. + +Also, I absolutely despise oil and gas, so I never invested in it until now. + +With rising oil prices and sector rotation, oil companies are setup to do well for the upcoming year as we emerge from the pandemic, and this is one of the few areas that has not seen market recover. + +I heard from this sub that Suncor is investing in renewable energy. So I looked into it a bit. Would be good if you can shed some light on details. Seems like they understand the need for transition to renewable energy. They're investing in biofuels and wind, while exploring other options. Also, they have low carbon emissions. + +Oil industry has the best of the best Canadian work force right now. They used to recruit the absolute top talent in business because they were loaded with money up until 5 years ago. I'm sure Suncor will make smart decisions when it comes to energy transition. + +Out of most oil companies, Suncor has the best balance sheet and cash available (probably why Buffett bought more of it) and reasonably low dividend to reserve cash for investment projects. + +These were my thoughts. + +Wondering what others are thinking/know before I buy more of it? +What do you guys think about ENB for long term div stock? Would they be heavily affected in the next 5-10 years, obviously oil gas isn’t gonna disappear by then but will we see a huge decline that would affect ENB. My goal is to hopefully break even on ENB share wise while making profit off the div over the next 5-10 years +BCE IncBCE-T +0.08%increase + shares have been on a roll since the telecom company reported upbeat second-quarter financial results last week, pushing the share price toward new heights with year-to-date returns that are outpacing peers’. + +The best reason to join the rally now: BCE’s dividend yield is still hefty, at 5.5 per cent, offering an attractive alternative to paltry yields on fixed income and a better payout than most other blue-chip dividend stocks. + +Clearly, investors are catching on to the deal here. + +The share price has risen nearly 17 per cent this year, or about five percentage points better than Telus Corp. over the same period and more than double the gain of Rogers Communications Inc. + +BCE closed at $63.67 on Wednesday, approaching previous peaks in 2019 and early 2020, when the shares briefly rose above $64. + +The high price suggests that the stock is hardly a bargain right now. + +Valuation measures point to the same conclusion. The stock’s price-to-earnings (P/E) ratio, based on estimated 2021 earnings from BMO Capital Markets and CIBC World Markets, is 19.8. + +That’s higher than most of its telecom and cable peers in Canada and the United States, and lofty for a mature company in a slow-growing sector. + +Comparing BCE’s enterprise value (EV) to its earnings before interest, taxes, depreciation and amortization (EBITDA) – a popular approach among analysts – shows a similarly stretched valuation. + +Nonetheless, the stock may be worth a second look. + +For starters, BCE’s second-quarter results showed that this is a thriving company that can deliver solid profits even when the economic backdrop is unclear, competition is strong and interest in traditional broadcasting and wired phones is faltering. + +Operating revenues rose 6.4 per cent over the same quarter last year, and EBITDA – adjusted for severance, impairment and acquisition costs – rose 6.2 per cent. + +The company added 44,433 net new “post-paid” mobile phone customers, who are billed at the end of each month, exceeding analysts’ estimates. What’s more, the average billing per user (ABPU) increased by 3.3 per cent. + +Though Rogers and Telus added more wireless customers in the second quarter, their ABPUs trailed BCE’s, suggesting BCE is doing a better job at attracting more valuable customers. + +BCE looks attractive next to Canadian peers in other ways as well. Telus is a pricier stock, based on P/E ratios and EV/EBITDA multiples. And Rogers is in the midst of a $20.4-billion deal to buy Shaw Communications Inc., which has weighed on Rogers’ share price since the deal was announced in mid-March. + +But the biggest attraction is BCE’s dividend, which can cut through the usual telecom complexities related to everything from 5G rollouts to spectrum auctions. + +The 5.5-per-cent dividend yield is a lot fatter than Rogers’ 3.2 per cent and about a full percentage point more than Telus’s 4.5 per cent – and higher than most dividend yields beyond the telecom sector. The dividend continues to rise, too: BCE boosted it by 5.1 per cent in April, in keeping with annual raises in recent years. + +To be fair, Telus has been raising its dividend twice a year since 2019, with the goal of producing annualized increases of 7 to 10 per cent through to the end of 2022. + +As well, BCE’s payout ratio is abnormally high right now, at 110 per cent. In other words, the company is distributing to shareholders more money than it is bringing in in the form of profits. + +Analysts don’t see this as a problem, though. Cash flows should improve substantially by 2023, as BCE winds down its two-year program of capital spending related to the rollout of its 5G network – all but ensuring that the dividend will continue to rise. + +Is the stock a great deal at its current elevated level? Well, no. Even bullish analysts see relatively modest gains from here. + +But as bond yields remain low and questions arise about whether the economic rebound may be losing some steam, BCE looks like a standout source of income and stability. + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bce-shares-arent-cheap-but-the-dividend-is-hard-to-pass-up/ +EDIT 2 - This goes on the top, because it's important: I am not in ANY way saying that we should not be hyped. I am saying that even if this *one* thing we are hyped about does not happen, there is still a LOT to be hyped about! So *if* there is no crypto dividend, there is no need to be disappointed. Because GME has hype for miles. + + + +I just want to take a moment to acknowledge the fact that many here are hyped over the possibility of GameStop issuing a crypto dividend. + +TBH, it would be awesome. And according to everything we know, it would absolutely screw the hedgies. + +That being said, I think it’s worth reminding everyone: + +*Gamestop may not have any plan to issue any dividend, crypto or otherwise.* + +This is an assumption on our part, based solely on the facts that it would be awesome, and it would most likely launch the rocket. + +But in the event that they do not issue a dividend, don’t let it being you down. A crypto dividend isn’t the only thing that will launch us to the moon. *It’s one of many different potential triggers that could do it.* + +We have a lot of big brains on this sub that compile all kinds of great data, pointing to one potential trigger or another. Apes get hyped over a particular trigger, and then disappointment follows when that doesn’t happen. + +Remember 6/9? Remember how low so many felt when there were no big announcements or sharing of actual vote counts? That was a dark day here on this sub, and only because apes got too hyped over one potential trigger. Let’s not do that over the dividend thing, OK? + +Trust the process, and trust RC. He has our backs. If they decide to issue a dividend, awesome. I will be more jacked than ever. + +But if there is no such dividend? Totally fine. Because *the shorts still have to cover.* + +Mama says HODL! 🥰 + +Edit: I’m not saying not to be hyped. We should always be hyped. But don’t get disappointed if one specific thing we are hyped for doesn’t work out. + +If the disappointment doesn’t get to you, that’s awesome. Keep those diamond hands! But I saw a lot (and I mean a LOT) of posters here act as if the MOASS was canceled when RC didn’t announce the vote count at the shareholders meetings. I just don’t want to see anyone get disappointed or feel any FUD if there is no crypto dividend. There is no need for FUD. + +💎 🙌 🚀 +So we haven't seen it from any other media outlets however to me this proves it was not a anomaly but a legit article. Onkadonk from my discord had the interaction. Feel free to join [https://discord.gg/U2F6bN9GPB](https://discord.gg/U2F6bN9GPB) + +&#x200B; + +This was the original article [https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls) + +&#x200B; + +https://preview.redd.it/1ztr2yjacgb71.png?width=1021&format=png&auto=webp&s=33772c4fdeffba4d89a3a10f4620bcc301129e35 + +&#x200B; + +https://preview.redd.it/uy0ir60dcgb71.png?width=1056&format=png&auto=webp&s=50b5c73386dcb35e3a42fd99251b3e7712259511 +I’ve been investing since early this year and while I have placed some money on bigger stocks like FCX and BHP, I am planning to invest in some juniors too. I don’t plan on placing a lot on them though, since I am aware of the risks that come with investing in it. + +I am looking into three stocks which includes [Fortitude Gold](https://www.fortitudegold.com/) (FTCO). They are a small producer but a good thing about them is that they have no debts. They recently increased their dividend by 14%, and reported positive results in their Golden Mile property. + +I included [Three Valley Copper](https://www.threevalleycopper.com/) (TVC) since they’re showing great potential too. They announced a financing with a deal brought about by investor demand, financing the company with $16 million dollars. They are expected to start mining early 2022 and will potentially produce 13-16 thousand tonnes of copper cathodes in a few years. + +I’m still looking into other juniors to add to my bigger mining stocks but some peers have been encouraging me to hold physical metals as well. I’m not really sure about this though. It would help me a lot if you guys share your thoughts. +u/OptionStalker made a great post on exiting trades here: https://www.reddit.com/r/Daytrading/comments/qtwb90/5_tips_for_exiting_trades/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf, so this post is not about exit strategies. Instead, I wanted to write about something that I’ve already seen many new-ish traders admit they’ve done: trapping themselves in a trade. + +Let’s see if this sounds familiar: you enter a trade, and it starts going your way. You’re watching the price move more and more in your direction. Dollar signs are flashing in your eyes now. Then, at some point, the price starts turning against you, but you’re thinking “it’s just a small dip; it’ll bounce back.” It might, but then the dip becomes bigger until it brings you back to break even and eventually stops you out. You take your loss, angry at yourself that you didn’t sell when the price reached its peak (or worse, you decide to bag hold because “it’s not a loss if I don’t sell”). Been there, done that? + +What happened? Emotions happened. Greed happened. A gambler’s mindset took control: + +- As the trade was moving in your favor, you held for more. +- As the trade started moving against you, you held for a return to the previous max profit level. If it returned, you held for more again. + +It might not be obvious right away, but you were subconsciously trying to time the peak. This is the easiest way to trap yourself in a trade with no exit, because unless you’re psychic or super lucky, you won’t time the peak. + +The strategic solution is obviously to have an exit strategy _and_ (and here’s the key) stick to it. The psychological solution is simple but not easy: don’t try to time the peak. Listen to the voice that’s telling you to lock in profits and don’t drown it out. +The opinions expressed in this post are 100% my own. I have no affiliation with GameStop. + +As most of you know the nft team at GameStop was formed around April/May this year, and with a "target launch date of Q4" we're talking about roughly 7-8 months of work for a MARKET WIDE adoption of one of the more complex technologies of today. When this does happen, please don't be a Karen/Ken, be the absolute rock star apes we have been and be nice to them when shit goes wrong, because no software is without bugs. + +Let's look at the known team members and start date - + +&#x200B; + +[https:\/\/gmedd.com\/blockchain\/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring\/](https://preview.redd.it/nii290in8av71.png?width=1260&format=png&auto=webp&s=4ba7cd1b97dc4c6321803e31c1e6420463ccf4dc) + +Obviously not everyone is on LinkedIn, however judging by the very short public list despite the attention in this space right now, the team would be incredibly small for what they need to deliver and in what time frame. I personally believe loopring's q4 announcement is 100% GME related, so we're talking about a span of 7-8 months which a team needs to design and implement a brand new tech for MASS MARKET CONSUMPTION, think about how many things can potentially go wrong and what a herculean task that is. Think about the amount of time they've dedicated to make this happen. They know we're here on the sidelines cheering them on. + +Now, not everything will be sunshines and rainbows, there will be glitches because that's just the nature of software. Let's calmly point these bugs and glitches out and help them fix this, let's continue to cheer them on, let's be patient while they work on a fix because some times things just go wrong and the solution isn't always easy to implement. They're the dps and the tanks and the mages in this fight, let's be the best support/healer in this fight. + +&#x200B; + +[the count down theory](https://www.reddit.com/r/Superstonk/comments/qbwsy7/6543gamestops_twitter_banner_is_a_countdown/) + +[loopring founder announcement](https://www.reddit.com/r/Superstonk/comments/qdnq8b/just_wait_guys_the_stuff_that_will_be_announced/) +Hi, +I live in US, but want to create a trust for family in India. There isn't a lot of clear how-to guides available on the Internet. I see most are just copy pasting Indian Trust Act which is a bit complicated for a non lawyer person. + +Is there an easy to follow guide, or would you guys recommend a company or a person that specializes in NRIs creating private trusts? Thanks. +\# Using new generation digital - zero balance bank accounts to earn some returns. This by any means not a marketing post. + +I am not sure how many people here are using them new digital savings accounts that can be opened with just UIDIA Biometric author e-KYC. (Since SC kind of scrapped Aahdaar - banks are using different ways to offers these zero balance accounts). + +I am using 5 such accounts and they do offer a great interest rate on the savings account. Until recently - this rate was beating FDs in all the aspects. Yes, it's a great way to earn some returns (when strictly compared with FD). + +I will just present a small summary here of what I have witnessed & earned in the past couple of years. + +I am talking about below accounts. All interest rates are per annum on the savings account + +1) Airtel Payments bank +\- Until March 2018 - they were offering 7.25 % per annum +\- Internet paid monthly. +\- Now they are offering 4% +\- 100K is limit of max deposit +\- Virtual debit card available + +2) Digi Bank (My favorite in this segment) +\- Initial 100K gets 6% (till last year twas 7%) +\- 100K to 200K gets 7% +\- 200K + earns 5% +\- Physical debit card with 10 free withdrawals per month on any ATM (until Aug 18 it was unlimited withdrawal. No kidding) +\- Net banking available, App banking available +\- UNLIMITED FREE IMPS/NEFT/RTGS + +3) Kotak 811 +\- Initial 100K gets 5% +\- 100K + amount get 6% +\- Virtual debit card available +\- Net banking available, App banking available +\- UNLIMITED FREE IMPS/NEFT/RTGS +\- Cheque book available on request + +4) Axis ASAP +\- Any amount above 10K gets converted into flexible FDs on a daily basis +\- FDs get 7.3 % rate. Flexible FDs are created/broken as per outgoing funds needs +\- Just read their TnC to understand how the whole account works. +\- Virtual debit card available +\- Net banking available, App banking available +\- UNLIMITED FREE IMPS/NEFT/RTGS +\- Cheque book available on request +\- Dedicated FD earns as high as 7.5 % ( and 8.2 % for Senior Citizen) + +5) Paytm Payments bank +\- Flat 4% +\- 100 K deposit limit +\- Just using this - as I am using paytm wallet a lot. +\- Virtual debit card available +\- UNLIMITED FREE IMPS + +Cons- +\- Everything is online +\- People comfortable with regular banking may find it difficult to adopt + +Final thoughts - +I think the biggest advantage is ZERO balance and Unlimited transfers. + +Plus all of these apps have BHIM UPI interface built in. And UPI is free (as of now) for individuals + +Since the money lies in saving mode- it can be moved around anywhere. Moving money around is very easy. + +I did my detailed study before opening each of these accounts and kept them ZERO for more than a quarter straight. NO strings attached. These are really NO MIN BALANCE accounts. + +Most of us work very hard for the money. FDs are safest bate one can go for in an investment. But instead of going for FD - a lot of these accounts makes sense (at least to me). + +All in all - these banks can definitely be alternative your traditional bank accounts. + +Just my two cents. +For background, I'm 30's, chubby fire $4.25M with \~$450k/yr tech income. + +My relative is C-suite and doesn't expect to live more than a decade longer, and will be coming upon \~$20M soon, they have two kids in their 20's who they'd like to set up for FIRE with \~$1-3M each after they're gone (the rest is splitting up into the extended family, etc.) . + +This relative has high income (\~$1M/yr) but spends for the entire extended family and not much of a saver, unfortunately their two kids struggle with getting jobs partially because of this lifestyle (live in USA, HCOL). Much of our extended family are immigrants with a different background / distrust of stock markets, investing and savings. It's unlikely they'll be able to maintain the wealth given, but that's life. I don't expect or plan to get any of this due to my own success, and in a way I'd prefer it to avoid any strings attached / feeling indebted. + +I was lucky enough to learn about FIRE principles over the last decade and have slowly taught the extended family with varying success. So, they're asking me for guidance on how to set their kids up long term. Of course the first thing I said was talk to a trust advisor, and they will, but they'd like me to guide their kids longer term. They were initially thinking $1M at 10% a year for $100k/yr income for their kids. I told them that was too optimistic, at least $2-3M would be needed for $100k/yr at \~4%, so they're considering that instead. I also told them this will probably stunt the kids growth if given before they start their careers. + +I'm close with the kids right now, and know this would likely sever/strain any relationship going forward. I'm considering some sort of mentorship role for them, where they can choose to ignore me and use up all their money if they prefer, and that's on them. Mainly I've told the parent that no matter what trust they set up, there will be ways for the kids to abuse it, so the primary thing they need is financial education / fire lite I guess, and I'm not sure how one can do that without learning to live on your own / invest your own money, ie... actually have to be independent. + +So I'm at a bit of a loss here as to what to do, I am pretty sure as it stands now any money (for now passive lazy portfolio like my own is what I suggested) will eventually disappear for them after the parent is gone. They're already going to be gifted houses to live in so they'll at least have that. + +But I want to try still, having FIRE family long term especially with these cousins who I love so much would be a bright future. Say I had around a decade to teach by example, are there any strategies I can do to help them at least get to a point where they like FIRE concepts enough to not abuse this gift? + +*edit: Wow, trying out this verified feature has already been helpful, I still get notifications on the removed comments and they're mostly variations of 'that's a lot of money'.* +Coinbase Global, the largest U.S. cryptocurrency exchange, will make its trading debut through a direct listing on the Nasdaq on April 14, according to a report.  + +The direct listing had been pushed back from March, sources told Bloomberg. As usual, a reference price will be made available the night before the shares are to begin trading. +While April 14 is the target date, the timing and other details for the listing could change.  +In an amended S-1 filing with the Securities and Exchange Commission last month, Coinbase said that it planned to sell 114.9 million shares in its direct listing. + +The company, via the direct listing, could be valued at more than $100 billion. +Coinbase will list on the Nasdaq with the ticker COIN. The company initially announced its intentions to go public in December. +But the company cautioned that recent trading prices in private transactions may have little or no relation to the company's opening public price. The filing didn't indicate a trading date. + +Read the rest at: + +https://www.thestreet.com/investing/coinbase-ipo-scheduled-for-april +Back when I was poor (pre-financial independence), I used to drive some sad looking cars. I kept the car going through a combination of grit and rubber bands, anything to keep it on the road for just a few more months before it completely died on the side of the road. + +Now that I am well off financially, I still struggle with the idea of buying a new, or just slightly used car, when my mechanic can help me get just a few more miles on the old car. + +At 150K miles or more, I may be spending more money on repairs than the cost of just getting a new car. + +Has anyone else here done the math of keeping a car past 150K miles even though they can now afford a new one, now that we are financially independent? +How do FI people go about discussing this with partners? Do people look for partners who approach money in a similar way? Is anyone here dating/married to someone who is not responsible with money? + +I’m 26, net worth 270k, 115k salary with OT potential. My gf, on the other hand, is 24 and just graduated college after a long road. She is 110k in student loan debt with no real job prospects, and it drives my anxiety through the roof. It’s depressing to think that I might not want to continue a relationship over money, but it’s more than that… it’s comfort, security, and the feeling that I am not so dependent on work. I’m not sure how I should feel; I know I’ll be ok, and I know these discussions should be had with my SO, but how hard will it be to achieve FI as a couple with one person who does not take finances as seriously? +I keep seeing technical analysis posts. I think we’re in agreement that we can’t see much of the trading as it doesn’t occur on the public market and that counterfeit shares are being created on the regular. So how can any technical analysis be valid? + +(Hodl!) +Curious to find out what are some of the best tools for stock research and overall DD that most people are using. + +This is what I'm currently using: + +**Fintel:** [**https://fintel.io/**](https://fintel.io/) + +* Fintel is my go-to to find short interest and institutional ownership data. + +**Open Insider:** [**http://openinsider.com/**](http://openinsider.com/) + +* I've been using Open Insider to look for stacked insider buying info, cluster buys, etc. + +**SimplyWallstreet:** [**https://simplywall.st/**](https://simplywall.st/) + +* My go to for distilled fundamental analysis. The "snowflake score" feature is pretty useful for comparative data benchmarking. + +What are your go-to stock research tools? + + +EDIT: Thank you for all the resource suggestions. + +Based on the input that I've received from everyone via comments and dm's these are some additional resources and tools that everyone seems to love: + +**Trading View:** [**http://www.tradingview.com/**](http://www.tradingview.com/) + +* Best stock performance charts in the game. + + **Seeking Alpha:** [**https://seekingalpha.com/**](https://seekingalpha.com/) + +* The go-to for stock market news and content. + +**Public:** [**https://public.com/**](https://public.com/) + +* Similar to Robinhood but with much better community features. +