diff --git "a/reddit_finance_43_250k_389.txt" "b/reddit_finance_43_250k_389.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_389.txt" @@ -0,0 +1,10000 @@ +**Blockchain Platform** + +There are a lot to choose from, but from all indicators it appears GameStop is going with Ethereum. I LOVE this choice, for many reasons, so let’s compare the Top-Tier. + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1437784586642202636?s=20](https://preview.redd.it/df3tvup1a6x71.jpg?width=1885&format=pjpg&auto=webp&s=32ed40cf7ad62a4048493331d97b4130b9b85315) + +I underlined a few categories that Ethereum blows away the competition. Seriously, just look at Total Value Locked (TVL) – yes, that is with a B for Billion. The best part, where Ethereum does not have an advantage (say Proof-of-Stake vs. let’s say Binance (BSC), after the MERGE in early 2022 they will have these features. So, not too far in the distance all other advantages will be negated. + +**Total Value Locked (TVL)** + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1446445535364194308?s=20](https://preview.redd.it/szvdebi5a6x71.jpg?width=1802&format=pjpg&auto=webp&s=71c1f94a91e1ebdb8ce832e2fe8673d2696fe847) + +**Total Transactions** + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1453682639672537096?s=20 ++ I added in Red Box & Loopring Logo](https://preview.redd.it/egs9bal8a6x71.jpg?width=1899&format=pjpg&auto=webp&s=cda84dbc32a08e429b5a5c6e174df040ff23f9a1) + +Not surprising, Ethereum is the 4th popular blockchain platform in this space. One main reason is GAS. With Loopring, that is about to change so do not get stuck here, keep reading 😊. Oh, if you need a bar chart to make you smile, here is one. + +**Total Validators** + +Why are Validators Important – yeah, they are an essential part of the Proof of Stake consensus mechanism, they are essentially the moderators of the staking system and have the EXTREMELY important job of authoring new blocks on the chain. In other words, greatest variety of staking options for the community and protects the system by preventing the chain from being controlled by one very wealthy individual. Cough #KennyLies + +[Follow Previous URLs](https://preview.redd.it/wk1pz4bda6x71.jpg?width=1610&format=pjpg&auto=webp&s=dfaaab8d928ebb55d9da7319c531c27737dd1de2) + +**Layer 2 Scaling Solutions on Ethereum** + +So, what about Loopring? Getting there now. Loopring is not the only L2 solution on Ethereum, take a look for yourself. + +[Follow Previous URLs](https://preview.redd.it/laq8jn9ta6x71.jpg?width=1819&format=pjpg&auto=webp&s=03121f2096fe64d48417cb9d13c98dca2e954b73) + +What is a Layer 2 Scaling Solutions again? Essentially, they increase throughput without tampering with any of the original decentralization or security characteristics that are integral to the original blockchain. + +I would NOT be surprised if GameStop uses a combination of Layer 2 Solutions, for example I would be a bit shocked if GameStop did not use Polygon (Mantic in the above) for Gaming. One reason is that Polygon extends plug-and-play software development kits (SDKs) for developers such as Ubisoft, Electronic Arts, others, enabling them to integrate blockchain attributes into non-blockchain games. + +Good Article to Read, **“**What Advantages Does Polygon Have for Gaming and eSports? + +[https://btcmanager.com/advantages-polygon-gaming-esports/](https://btcmanager.com/advantages-polygon-gaming-esports/) + +\--------------------------------- + +**Ethereum Layer 2 Ecosystem \[FOR THOSE WHO SKIPPED, START HERE\]** + +So why Loopring, how do they fit in. Take a look at the Ethereum Layer 2 Ecosystem below, look at all of the pieces (red boxes) that Loopring will fulfill. Damn, out of the key main areas, they are already a key player. Add in GameStop to the NFT & Gaming area, and IMO they will show up in the Bridges category as well, **this is a REALLY good Partnership / match**. Learn more about Blockchain Bridges: [https://medium.com/@blockchain\_simplified/bridging-the-gap-using-blockchain-bridges-26a75a874de3](https://medium.com/@blockchain_simplified/bridging-the-gap-using-blockchain-bridges-26a75a874de3) + +[ https:\/\/twitter.com\/Coin98Analytics\/status\/1428382665439281157?s=20 ++ Added Red Boxes & GameStop Logo](https://preview.redd.it/orc4if9za6x71.jpg?width=1872&format=pjpg&auto=webp&s=4cbab2509425aa65a60064489bd54b513887cf19) + +For anyone interested, this is what the current **Metaverse Landscape** or **DAO Landscape** looks like as well: [https://twitter.com/Coin98Analytics/status/1432738846781829127?s=20](https://twitter.com/Coin98Analytics/status/1432738846781829127?s=20) & [https://twitter.com/Coin98Analytics/status/1432013882176913416?s=20](https://twitter.com/Coin98Analytics/status/1432013882176913416?s=20) + +**Decentralized Exchange (DEX)** + +Oh yeah, amongst the crowd, Loopring has DEX covered 😊. + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1442979502368321542?s=20 ++ Added in Red Box](https://preview.redd.it/o3p5jdocb6x71.jpg?width=1828&format=pjpg&auto=webp&s=46d488495a7699c698d23aceff584d5e1f9e471a) + +**Success is NEVER guaranteed, but with Apes behind GameStop and a Loopring (potential) partnership, there is no stopping them!!!** + +MGGA. + +BUY, HODL, DRS. +As the title says, I work as a consultant/software developer for private, small, Canadian company (~12 employees), that's become not-so-small (profit-wise) and is going public. We have a meeting next week about that. +The company has two sources of income: +Steady if small flow from government consultants like me (we are currently 3) +Contracts for various software projects, including website hosting +I want to know what I should know before buying stock. I've seen their IPO pitch, their presentation, the projected profit of the company, etc, but I feel like these things are always a bit very optimistic. So, what should I know? +Thinking about starting to use some margin since my registered accounts are now all full. +Anyone else here doing this? + +I’ve been thinking about using a 2:1 ratio of my own money to borrowed money. ie. 50,000 of my own, borrow 25,000. And adding more of my own to it every month. I feel like this would be a fairly solid safety cushion from a margin call. + +If I invest mainly in shares paying out approx 4% yields I would be able to cover the costs of the loan (applying dividend tax credit and writing off cost of borrowing against taxes) + +Plan would be to buy and hold long term, 15 to 20 years. + +Anyone here currently doing this? Any insights? Anyone thought about it and decided not to do it? Why not? + +Thanks! +Wondering all your positions and takes on telecoms .. +I personally hold Telus in my RRSP for primarily a small growth aspect meets an ok dividend .. +they are dipping into online health and agriculture sectors as well which separates them from other telecoms ... +Any other ideas - just love reading active discussion and it’s been a boring weekend +Nothing special about them according to some: + +> Our brains like to treat cash differently from stocks. This bias, known as *mental accounting*, makes dividend income feel different from increases or decreases in stock prices. In reality, dividend investing does not have many quantifiable benefits, but it does have plenty of drawbacks. +> +> I am not alone in this thinking. In his *2012 letter* to Berkshire Hathaway shareholders, Warren Buffett, one of the greatest living investors, *went to great length* to walk readers through the reasons that dividends should not matter in identifying a good investment. + +* https://outline.com/UsjqPn (in case) +* https://www.theglobeandmail.com/investing/personal-finance/gen-y-money/article-a-contrarian-argues-against-building-wealth-and-creating-income/ +It is always important to learn from opportunities. With the recent drop in the market being front of mind for many, what is one of the biggest lessons you have learned investing? + +Mine, which is fairly relevant this week, and may also be for the next few week/months is: + +Always hold a cash position in my TFSA to capitalize on opportunities! + +I have a good cash position in my RRSP right now, but very minimal in my TFSA through the same provider + +I generally have my current situation reversed, with a large cash position in TFSA and only holdings in my RRSP. + +While my current situation is not ideal for my personal liking, I will still hopefully get over my individual stubbornness of not having my idea of a "perfect situation." + +A lesson learned always pays future gains and dividends! +Hi guys, + +As many know, interest rates at one point were at 20% in the late 70 early 80's to curb against rising inflation. My question is, what happened to the housing market, mortgage holders, and banks during this era? + +Thanks +Hello all, + +As the title states, I have around 6k in a few ARKK funds, down roughly 68% in total. My initial plan was just to hold onto it for now, because how really much lower can it all go. TSLA being so down is not helping them out at all at this point. + +This has to be somewhere near the bottom I believe for ARKK, and selling all it now seems like the worst thing someone could do being at the bottom but is it worth it to get out and put the rest in a VTI or a VOO, or even just TSLA? + +I was going to wait on some upward momentum then get out at the down 40% range, thinking that wouldn't be that much to ask for. + +I know it's easy to hate on ARKK now when they are so down, but it's funny because, when I bought in a couple years ago, most post on here were buy ARKK and stating Cathie as a genius. Now it is the complete opposite. + +Looking to hear objective opinions. + +Thanks all. +Morning all, +My wife works as a financial advisor for a large firm. I have been doing options trading for 2 years now (prior to and after our marriage). Her firm has advised to her that I need to close my options trading account immediately due to it not following their code of ethics. +There are equities that employees and their significant others cannot trade because they manage the finances for executives within that equity. + +My question is, has anyone been in this type of situation? It feels that if I stay away from trading the underlying’s they are not allowed to trade (due to insider information) and provide monthly statements to their compliance team, my options trading can continue as long as I comply by their rules. + +Any feedback is appreciated, I told my wife to speak with them further to get more details. +The bear market continues with one of the worst weeks to come out of the last couple years (yet again). However, the market saw a rebound and nearly 2% swing from the low on Wednesday after an options trader, or fund, placed a huge bet expecting SPX to rebound into the end of the year. Options sentiment may play a role in markets where big bets, usually smart money, expects a shift in the market direction. + +&#x200B; + +After all, SPY is down 25% YTD with the QQQ down nearly 35%. IMO it may be wise to start setting yourself up by DCA-ing into positions that are down big or by selling cash secured puts while this volatility offers a good premium. After a drop like we just saw I find most investors looking for the plays that will continue dropping that extra 5-10%, but in my opinion the greatest risk-reward will be setting up your portfolio for the long-term. Bear markets are an opportunity create wealth and I’ll be DCA-ing into my positions with cash-secured-puts in higher volatility names or through buying shares. + +&#x200B; + +FYI images are taken from [Prospero](https://www.prospero.ai/), an options analytics and fundamentals app (it’s free). + +&#x200B; + +**Options Sentiment** + +Accenture (ACN) caught my attention on Friday where net options sentiment turned bullish going into the close. This large increase in activity may be someone setting up positions for the coming weeks. The big drop in net sentiment at the open led the way for shares to tumble further. + +&#x200B; + +Note, most of the market looked like this on Friday with many names tanking shortly after the open all the way into the close. + +https://preview.redd.it/fq0mya3lirs91.png?width=1240&format=png&auto=webp&s=7f74817ba44d38fc800ba3f1e979c6c1aa86bbbe + +&#x200B; + +What I like about ACN is their profitability score, which is quite high. They generate roughly $62b in sales per year and income of $7b. ACN’s fundamentals are fairly strong with a P/E of 24x and price/sales of only 2.6x. + +&#x200B; + +https://preview.redd.it/hnb9737pirs91.png?width=1244&format=png&auto=webp&s=2d5e73fb9e2a6d6c6e6080c337098ce2090a22d3 + +&#x200B; + +The potential of the credit bust is real and with that I am looking at names that are generating strong cash flow. The proof is in the pudding, you saw that most small-cap growth names are down 80% YTD while companies generating revenue saw a less severe decline. The market is punishing companies that did well back in 2020 and 2021 based on their growth estimates rather than profitability. Now, the turn-tables have turned and the only thing that matters are companies that are producing solid cash flows, aka CASH IS KING until further notice. + +&#x200B; + +**Chipotle - CMG** + +https://preview.redd.it/whmy11k2jrs91.png?width=2378&format=png&auto=webp&s=bb9a47121953e5a96c605d472446fc950fd78c52 + +Amazingly, Chipotle has been extremely resilient in this bear market and has outperformed SPY bigly (only down 10% YTD). CMG’s P/E remains elevated at 55x, but price/sales is only 5x. + +https://preview.redd.it/wbwjsky3jrs91.png?width=1150&format=png&auto=webp&s=31ee7707415ba6245649c798c04a83d90c8a0689 + +CMG generates $750m income on $8b sales and has been consistently growing revenue at 15% QoQ. + +&#x200B; + +&#x200B; + +**Adobe - ADBE** + +https://preview.redd.it/0m4vjgq7jrs91.png?width=2378&format=png&auto=webp&s=8803e5cd612d6cc927459ae41ce06bcd00d24f83 + +Adobe is trading back to 2019 levels and before they experienced growth during the Pandemic (thanks to more digital creators coming into the market). In fact, since 2019 they’ve increased revenue by nearly 50%. They are a cash flow machine producing $5b income on $17b TTM sales. + +&#x200B; + +https://preview.redd.it/ngni7u96jrs91.png?width=1196&format=png&auto=webp&s=1ca36ae5af6b828ebe9cfcfbc4868b2b1e880c19 + +After this decline they are still trading at a P/E of 28x, which is not a bad time to take advantage of the secular tailwinds we are seeing in the content creation and digital media industries. They rank high on the profitability scale. + +&#x200B; + +&#x200B; + +**Ulta Beauty - ULTA** + +https://preview.redd.it/imx14hu9jrs91.png?width=2382&format=png&auto=webp&s=3ef0629b0ee7a34227779a4aa4d0404627ae4035 + +Ever heard of the lipstick effect? It’s defined as when consumers still spend money on small indulgences during recessions, economic downturns, or when they personally have little cash. This sounds like our current economic environment and possibly one of the factors ULTA is only down 6% YTD. Profitability metric and upside breakout are ranking high. They have: + +* TTM Sales: $9.5b +* TTM Income: $1.1b +* P/E: 18x +* Sales Growth QoQ: 16%. + +https://preview.redd.it/0mj6rt4ajrs91.png?width=1174&format=png&auto=webp&s=5bdb0e00cc06ab8d6b9f2cbe0d22998b7bc5b97e + +&#x200B; + +**Final Thoughts** + + +P/E ratios for most companies have fallen to pre-pandemic levels and it may be a good time to start looking to DCA into positions or sell cash-secured-puts for the a bit more security on the play. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi guys, + +Many have argued that inflation had peaked but have been wrong time and again. + +Now there are calls for a peak once again but is this really true? + +In retaliation to price caps, OPEC has decided to cut oil production. + +Less supply of something places upwards pressure on prices. + +Higher oil prices = higher core inflation. + +Everything is powered by oil so when it’s price rises, that higher input cost gets offloaded to the end consumer in the form of higher prices meaning higher inflation/CPI. + +So, have we really peaked or is this just the beginning? + +Thanks, Rick +Here is a selection of Reddit posts asking if it is too late to buy Bitcoin and the closing Bitcoin prices on those dates. + +* [March 26, 2021](https://www.reddit.com/r/Bitcoin/comments/mdzjna/is_it_too_late_to_invest_in_bitcoin/) - Bitcoin closes at $55K + +* [February 9, 2021](https://www.reddit.com/r/Bitcoin/comments/lg5o0y/too_late_to_buy_again/) - Bitcoin closes at $46K + +* [December 1, 2020](https://www.reddit.com/r/Bitcoin/comments/k4c881/too_late_to_hop_onto_bitcoin_train/) - Bitcoin closes at $18.8K + +* [September 13, 2019](https://www.reddit.com/r/Bitcoin/comments/d3mr8q/is_it_too_late_to_buy_bitcoin/) - Bitcoin closes at $10.3K + +* [September 3, 2018](https://www.reddit.com/r/Bitcoin/comments/9chcta/with_so_many_people_hopping_on_the_bitcoin_train/) - Bitcoin closes at $7,260 + +* [August 11, 2017](https://www.reddit.com/r/Bitcoin/comments/6sz7pi/feel_like_its_too_late_to_join_in_on_the_bitcoin/) - Bitcoin closes at $3,650 + +* [March 14, 2016](https://www.reddit.com/r/Bitcoin/comments/4acgol/advice_is_it_too_late_to_start_buying_bitcoins/) - Bitcoin closes at $416 + +* [January 3, 2015](https://www.reddit.com/r/Bitcoin/comments/2r8rl6/am_i_too_late_for_bitcoin/) - Bitcoin closes at $281 + +* [January 14, 2014](https://www.reddit.com/r/Bitcoin/comments/1v7qtb/am_i_too_late_to_the_bitcoin_party_to_actually/) - Bitcoin closes at $833 + +* [April 8, 2013] (https://www.reddit.com/r/Bitcoin/comments/1bwzx7/is_it_too_late_for_newcomers/) - Bitcoin closes at $141 (on April 28, 2013 which was the closest I could find) + +You are not too late. +So, I traded Bitcoin a couple Summers ago, sold back then for a slight loss. + +I’ve been in stocks since then doing pretty good, but Bitcoin has always been in the back of my mind. I took all my stock gains from the last couple months and bought 1 Bitcoin. + +I’m going to hold for 10+ years and only sell if I can buy a house with the gains. + +For me, I’m okay losing it all, but I could never live with myself if Bitcoin went to 500k and I didn’t have any. +Even at $100, ETH is still less than half BTC's market cap with superior scalability and support (think EEA). Sure, $50 could lead to a psychological pullback and correction, but there's no credible reason why ETH should trade less than half than BTC's current cap. Something to consider before selling at what arguably is a very low price. +We used to compare ethereum against bitcoin. +When bitcoin climbed ethereum shrank. +Now we check Ethereum against FIAT( USD, EUR, and even South Korean Wons) + +[Ethereum VS Fiat](http://imgur.com/a/NyfJy) + The launch of the Virtual Accelerator and Hacker Gold + token launch is getting closer. + + We are happy to to take any questions that you may have, + whether that’s on the token sale, the hackathon or + the plans for the Virtual Accelerator. + + Let’s build the future together. + + + + > More info: + https://hack.ether.camp/ + + + +[AMA has now ended. We will be back Tuesday 18th October 16.00 GMT for the live stream AMA] + + +> +> +**You are welcome to send more question to our official forum:** + +https://forum.ether.camp/ + + +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! + +Edit: thanks for the award. + +Hey mods, this does connect to GME. + +China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994 + +[https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html](https://finance.yahoo.com/news/china-tells-state-banks-prepare-141448869.html) + +Buy. Hold. DRS. Buy. Hodl. DRS. Buy. Hold. DRS. Buy. Hodl. DRS. Bye brokers; DRS. +I just downloaded some updates from my old Merrill Lynch 401k and found out that ML sold 152 shares of Vanguard 2035 target retirement fund and rebought 134 of the same shares at a higher price the same day. This is the first stock sale/transfer that has posted to this account in 2 years. + + +Is there some reason I'm not aware of with these targeted retirement funds that would allow them to do this or was this a mistake on their part? + + +Although the actual dollar amount is the same I have lost 18 shares because they bought it back at a higher price than I paid. +&#x200B; + +[Recorded on 17th of January through shodan.io](https://preview.redd.it/lnig8pgm5ud81.png?width=953&format=png&auto=webp&s=c8ef7d26d9071936e986b7e4d0cbfe65951966cc) + +Despite people saying Banks don't get into crypto, it's interesting to see the Royal Bank of Canada running a Bitcoin-Node. + +Also to note is the statement from RBC's website regarding cryptocurrencies: + +"Important Information regarding cryptocurrency transactions + +Effective immediately, RBC will no longer be allowing the use of RBC credit cards for transactions involving cryptocurrency. We regret any inconvenience this may cause." + +Why should the RBC run a Bitcoin-Node and not allow it's own customers to trade cryptos? +EDIT: **RESOLVED! Blockchain.info just transferred 7 BTC to my wallet a few hours after this post on Reddit.** [(Transaction)](https://blockchain.info/tx/653b02bc9feff3a63aa7f266ccaf8334f150da537412cabb2a454c27f91ed47c) + +Response from Ben: "5.07625 BTC + 2 BTC extra has been returned to the sending address. Apologies for the delay in resolving this issue the was some confusion about who is responsible for this ticket." + +----- + +So I try paying someone 5 BTC via Blockchain.info's Shared Send service, on around August 28. [This](https://blockchain.info/tx/6ec7e69be0edaab54987bd8376e34f6c2716083398656bd9cb32f7e6b0e124ac) was the transaction. + +The money never showed up at the actual destination address. + +I opened a support ticket on blockchain.zendesk.com and it got closed after a month without receiving any reply whatsoever, except for "We are closing this support ticket because it is now several weeks old." + +What the actual fuck? + +I had also emailed them and tried to contact their representatives on bitcointalk.org but they ignored it too until Mandrik showed up and told me to open a new ticket in [this thread](https://bitcointalk.org/index.php?topic=303096.0). + +SO I open a new ticket, this Mandrik guy stays with me for a while until he says he's "escalating" it to a Ben because that guy can see if the money is stuck in their shared addresses. Guess what? Yep. Absolutely no response from Ben yet. + +It's been well over a month and I'm still out of over 500 bucks and having to deal with the absolute worst POS customer service I've ever seen. + +EDIT: Thanks to everyone for giving this enough attention to bring it to the front page. I still love Bitcoin and I love the Bitcoin community! + +EDIT: [This](https://blockchain.info/address/17E5HW6jr4Kcor69Ev3hNoSVDmkieTut1W) was the actual destination address but the 4.5 BTC you see there were sent by me in a latter transaction from an offline wallet. It had never received the original 5 BTC that were sent via Blockchain.info. +I see hundreds of posts about conspiracy this or that. Apes are drooling at the possibility of being the first to discover a "God-Tier DD". The only God-Tier DD apes need right now is BUY & HODL. + +Also, what happened to rocket and diamond hand emojis? + +🚀🚀🚀💎👐💎🚀🚀🚀 + +Edit 1: Vote!! + +Edit 2: IMO sell on the way down. Not financial advice. + +Edit 3: more 🚀🚀🚀🚀🚀🚀🚀💎👐💎🚀🚀🚀🚀🚀🚀 +It seems like people are worried about a trade war affecting the economy. I'm wondering if I should get into stocks this summer if prices drop across the board. What does everyone think of the current climate? +It seems like people are worried about a trade war affecting the economy. I'm wondering if I should get into stocks this summer if prices drop across the board. What does everyone think of the current climate? +Apartment blocks have a finite lifetime, so what happens when the block needs to be demolished and a larger/newer block setup? Do all the apartment owners have to agree, or is there some mechanism for the sale? What actually occurs in a block where each apartment is owned by a different owner? + +[EDIT - ANSWER] So the answer to this seems to be "it depends", on what state you are in, and to a lesser extent what the Body Corporate rules are. In Victoria, 100% of the apartment owners have to agree to sell, while in NSW it's 75%, and 70% in Qld. The ownership ratio is ratio of aprtments, not owners, so if a single owner owns 2 units out of say 8 they have 25% of the apartment. +Good morning everyone, happy Thursday. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: TKAT, UPST, WSM, SINO, AYTU, OCG, LAZR, GME, AMC +* Gapping DOWN: MARA, RIOT, EBON, TBIO, RIDE, NIO, TSLA, MAXR + +**Stocks Under $10** + +1. NEOS: Gapping up after merging with AYTU, couldn't find anything else. Seeing good volume and price action in premarket. +2. BHTG: Gapping up on news of expanded partnership. Seeing good volume, but currently seeing weakness in price action and I'll want to see that change. +3. EVOL: Gapping up after reporting earnings. Seeing a bit of weakness in price action, and I'll want to see that change. Very low float, so this could see some volatility this morning. +4. UONE: Gapping up after reporting earnings. Also currently seeing some weakness in price action, but I'll be watching to see if that changes. +5. CANF: Gapping up but couldn't find a catalyst. Seeing decent volume and price action in premarket. Has gapped up the past couple days of trading and is once again today, so I'm just keeping an eye on it. +6. INFI: Gapping up after a couple price target upgrades and reporting earnings yesterday. Seeing decent price action but on lower volume. I'll want to see volume pick up. + +After the strong afternoon yesterday, we are looking at opening in the red this morning. SPY is currently trading at a little under 395, and we could see some choppiness this morning. If SPY can't hold above 394, we could see some downwards movement today. Bitcoin pulling back slightly, trading at around 58,000. Bitcoin-related stocks are down in premarket, but I'll be keeping an eye on them throughout the day, as usual. Tech continues its slide. Gold is trading flat, silver in the green, and oil in the red. It's been a choppy week so far, and we could see some more indecision in the market today. Things seemed pretty euphoric yesterday afternoon, so I'm going to be a bit cautious today. If we see obvious strength, then it will be business as usual. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Hi everyone, + +the reason I wanted to write this post today is because leverage is a concept that is misunderstood by many, and because using a high leverage when trading is frowned upon in the trading community, so I want to clear this misunderstanding and explain exactly and in detail what leverage is and how it works, and why you as a trader should always be searching for brokers that offer you a very high leverage. + +**what is leverage?** + +leverage is simply an tool that lowers the amount of money you need to get into a position in the market, or in other words, is a buying power multiplier. + +leverage offered by your broker is represented in this format : **x:1,** where x is the capital multiplier (in other words: leverage). + +For example, if your broker offers you 100:1 leverage, and your account has a capital of 1000$ in it, it means you have the exact same buying power as an account that has a capital of 100.000$ in it that doesn't use leverage. + +**Why use leverage?** + +we all know that currency pairs move very slowly in price, so to make some tangible profit, you really need to buy into big positions, and without leverage ( leverage = 1:1), you'd need a small fortune to be able to accomplish that, but with leverage, you need much less. + +**is leverage like taking a loan from your broker?** + +no, there s any money from the broker involved at all in this operation so it s definitely not a loan because you are in the derivative market here, so you won't be buying the security, but be opening a contract on the price difference (CFD), kind of like with options. + +Your broker will lock up a amount of money from your account when you open a position, and when the security drops in price and your margin drops below 50%, your account is blown of course but the loss will now start to eat into that margin and this is when the broker will close your position. + +So his finger is always on the trigger and will never let you lose more than what you have in your account. This is where many get it wrong and think that the broker is actually adding money to your account when you use leverage but the reality is that only your money is in play here, nothing else. The leverage just multiplies your buying power. + +&#x200B; + +**does using a high leverage cause me to lose more money when I open a position?** + +no, not at all, as you can see in the following screenshot from any position size calculator, the leverage you use **is not factored** in calculating your position size, so whether you have a 30:1 or 10.000:1 leverage , the position size will stay the same, and your loss will stay the same on said position. + +&#x200B; + +https://preview.redd.it/26ctpjiqw2y81.png?width=857&format=png&auto=webp&s=6ec6825d594c5faa41dad960be9468964740cefb + +**how does leverage work?** + +**a case example** + +You saw that EURUSD is trending upwards, and you want in on the action, so you decide to buy 1 lot of EURUSD ( let's forget about position sizing and risk rules for now to make this explanation easier): + +**Case 1 :** without leverage (leverage = 1:1) and you have 100.000$ in your account. + +you need to pay the full amount, so you need 100.000$ in your account to go long on 1 lot. + +so all your capital will be "locked" as a collateral to open the position and you don't have any money left to absorb floating losses (you don't have free capital to use for your stop loss). + +&#x200B; + +https://preview.redd.it/07bwzsnnbvx81.png?width=877&format=png&auto=webp&s=922b9099ca56f38aba11b5c4340002e683288a1d + +**Case 2 :** with 100:1 leverage and you have 100.000$ in your account + +you need (100.000$/100) = 1000$ to go long on 1 lot, so 1000$ will be locked as a collateral, and 99.000$ will be free to take losses (can be used as your stop loss), or to open other positions. + +&#x200B; + +https://preview.redd.it/9tf44h9obvx81.png?width=882&format=png&auto=webp&s=386a4e299b0a74db4499b1f5feefa4466ea4173e + +so to be clear, in both cases, the amount that you need to open a position is neither lost nor spent, it is simply "locked" as a collateral for getting into the position, so you can't use it for anything else while your position is open, and this is where the confusion about using high leverage comes . + +**Case 3: using leverage improperly** + +account size : 100.000$ + +leverage : 100:1 + +asset : one that we all know about + +asset price : 35615$ + +you have 100.000$ in your account and want to go long on it, and you want to make big bucks quickly, so you buy 225 units because that is your birth date (February 25th).. + +without you knowing, this will lock about 80.000$ as a collateral, and will leave you with only 20.000$ left to use as your stop loss before your broker liquidates you. + +&#x200B; + +https://preview.redd.it/46f3ax8pbvx81.png?width=806&format=png&auto=webp&s=051a490761106c53f5e8ce689fec7b8be76cc6c2 + +this means, the 20.000$ you have left in your account will serve as a stop loss for your current position (your 225 units.. god help you) + +let's run the numbers to see how low a bitc0in can go before your broker rings the bell on you: + +20.000$ / 225 bitc0ins = 88.8$ + +so when the price drops by 88.8$, you will have lost 20.000$ and your broker will ring the bell on you for you to close your position, and when the price drops lower, he will automatically close it for you. + +let's say the price drops 250$ while you were taking a nap: + +225 units lose 250$ each before your broker closed your position for you = - 56250$ + +boom, your account is gone. + +so now you see that the problem isn't about using high leverage, but more about not understanding how it works, no position size calculation, and no risk management.. + +**Case 4 : the right way to use leverage** + +you have a 100.000$ account and you spot multiple good long opportunities with **uncorrelated** assets, like NAS, B1C, EURUSD, and USOIL, so you decide to buy into all of them using the 2% stop loss rule: + +&#x200B; + +https://preview.redd.it/9mvctfoqbvx81.png?width=978&format=png&auto=webp&s=cd8cd19cbb4129ddd5cd42750abfe2afb3220371 + +so your max loss on each position will be (100.000$ x 2%) = 2000$, so even with 4 positions open, your max loss is 8000$, and let's say to have about 2:1 RR on each position in average and you had a goo day, then you will make 16.000$ on your trades. + +**Last words** + +the higher your leverage is, the more opportunities you can seize when you stick to good risk management and good position sizing, and lower leverage only stands in the way of you doing that. + +I hope I made this clear, have a good weekend + +**Edit:** let me explain this one more time because there seems to be more confusion about this. setting your account to a higher leverage doesn't make you lose more money, it simply enables you to enter a bigger position than you normally can, or enter multiple positions simultaneously that you normally can't, the losses come from **you,** because you are entering bad positions, so when you set a higher leverage, you will be entering more bad positions, and losing more money. +What does inflation mean to you? The price of goods going up? The 'value' of money declining over time? It could be both these things but many years ago I saw a video on YouTube somewhat clickbaity titled ' The Most IMPORTANT Video You'll Ever See'; actually, it wasn't actually far wrong. + +[https://www.youtube.com/watch?v=F-QA2rkpBSY&list=PL580F6DB7401908BE](https://www.youtube.com/watch?v=F-QA2rkpBSY&list=PL580F6DB7401908BE) + +While there have been more modern attempts to explain the Rule of 72, this 4:3 VHS wonder has since been my favourite. So what is it? **Put simply, a way of knowing how long something would take, at a given percentage increase, to double in price, or equally how long it would take for your money to be worth half as much**, and worse yet, virtually nobody on the street understands the power of exponentials (percentage rises rather than linear rises). + +Basically the Rule is: you take 72, divide it by whatever percentage increase you're looking at, and then you have your doubling period. If you want to learn more, Google mofo. [https://en.wikipedia.org/wiki/Rule\_of\_72](https://en.wikipedia.org/wiki/Rule_of_72) + +Let's just get on with some examples of this amazing trick! + +&#x200B; + +EXAMPLE 1) My bank pays a measly 1% interest per annum. How long would it take to double my savings purely on interest if I left it completely alone? 72/1 = 72 years. Not a great return! + +&#x200B; + +EXAMPLE 2) The population of my town is 100,000 and the city planners say that population growth is around 5% a year, which the councillors are happy with. How long before my town doubles in population size? 72/5= 14.4 years. + +Examples like this are what scare the shit out of me - population increases at rates that people just do not understand the danger of!! Ask someone if they thought 5% growth is a lot and they'd probably say no. Ask them if they want their town to have twice as many people, twice as much traffic, twice as many schools, twice as many amenities needed, etc. in FOURTEEN YEARS and most would consider that downright scary. + +&#x200B; + +EXAMPLE 3) The price of a loaf of bread is £1 but I've been feeling the effects of inflation lately and believe it to be no less than 7%; much higher than the official figures! The shop also seems to be raising prices every month... How long at this rate before it doubles in price? 72/7 = 10 months. On a low cost purchase like this, many won't notice but low earners surely will. *Note: the 'period' here is months not years, simply because I rigged the question to be something other than years to fit a slightly different example in :)* + +&#x200B; + +I hope by now you get the picture. Exponential rises (where you add percentages) are DANGEROUS. So back to my original question: why does the bank / government aim to keep inflation at around 2% per annum? + +Well, my theory is that this is long enough to not feel a danger. I'm sure you've all read the great DD's recently on the creation of money, and how debt is necessary to keep us enslaved? Well 2% is easily hide able; it's quiet, reasonable, it even makes sense over time! 72/2=36. With 2% inflation, things double in price every 36 years; that's a generation. Does that sound reasonable? It does to me! + +My parents could say "I remember when milk was 20p a pint"! and 20-30 years later (give or take), nobody bats an eyelid that it's now 40p a pint. + +&#x200B; + +**But what about when we hit genuinely dangerous levels. More to the point, what are dangerous levels?** + +&#x200B; + +Well, we now know that at 7% PA, we're looking at goods doubling in price roughly every ten years, or the money you earn to be worth half as much when spending. Ask yourself: am I likely to earn twice as much in that time to keep up with inflation? Very unlikely if you have a regular job! Does 7% therefore seem reasonable or unreasonable? + +Now imagine the utter carnage that will be wrought with double digit inflation... + +&#x200B; + +EXAMPLE 4) Isn't it great that house prices keep going up - I'm going to be rich!! At 20% growth per year, how long before that house you bought for £250,000 is going to be worth half a million? 72/20=3.5. THREE AND A HALF FUCKING YEARS. Maybe great if you're a home owner, utterly soul destroying if you're young and looking to get on the ladder. A bubble that cannot continue. + +&#x200B; + +So I hope you all now have a better appreciation of how potentially dangerous rises of anything above a few percent, can actually be! Your future investments should aim to beat inflation no matter what or the nett result is that inflation eroded your stock pile. (which is why many call quantitative easing as stealth theft) If you've started planning what to do with tendies, this needs to be your primary aim. +They were giving away free shares of GameStop, and few of the stocks still currently known as "meme", including popcorn. + +They "thought" the stocks would become worthless, which is why they were giving them away, which probably counts as some sort of tax deduction for them as well. + +They were trying to get people onto their platform, with free stocks they thought were going to be worthless (because they were in on the crime). + +Criminals. All of them. +Seriously. I don't even know what to say. We have 3 kids (11, 10, 8). We're hustling our asses off and our net worth is showing it (hit double commas this year, woo!) but I feel like there's nothing left for a social life. My husband and I very rarely have alone time. My house always looks like shit so I NEVER invite anyone over. I've gained so much weight the last 5 years (I don't even want to say how much because I'm so embarrassed). Ugh, it just all feels unpleasant and unsustainable. + +And the sad thing is I feel like it shouldn't be "that bad." Neither of us have to work tons of overtime, for example. Our house, the kids school, and our respective work places are all within 5 miles of each other so no one has a commute. Our side hustle is rental properties, which is often not any extra work, followed by short spurts of having to fix something or meeting a repair person here or there. + +I've begun fantasizing about quitting. But I hate to think about how much time that would add to our goals. Next year my husband hits a milestone at work and gets a whopping 5 weeks vacation, while I'll be stuck at 2 (I'm also allowed to "buy" a week, so 3). + +How do you do it all!? Do you have help? Like nannies or housekeeping or... what? + +Do I just need to wake up at 5 am and meditate and make a cleaning schedule and a diet plan and an exercise plan and a social plan? Just thinking about it makes me exhausted. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Does any one ever do this? Sell a small amount (2-5% of your total ETH) at peaks and just re-buy at a sizeable dip in the next day or two. I guess it would be considered low-risk market timing. Anyone do this? or not worth the hassle? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I liked them because they had some nicely researched articles in the beginning, but now they write articles in following ways: + + +https://themerkle.com/geminis-first-ethereum-auction-draws-virtually-no-interest/amp/ + + +https://themerkle.com/top-10-cryptocurrencies-show-signs-of-a-bullish-run-next-week/ + + +Did they have to fire their good, but expensive authors? +I've been seeing lots of love for VGRO in part due to the auto re-balancing but I've been more fond of XGRO for the allocation of US stocks. Does anyone know if XGRO has the same (or similar) re-balancing as VGRO? +I’m not close with my family or my dad. I’m moving out when I turn at a certain age, I never ask this types of questions from my family since we are foreigners but been living her permanently for years 2011, + +Since im turning to the Internet to get information. I would love to know information on how to do TFSA, or RRSP and investing on Stocks in Canada and im learning trading and i have a demo account to trade Indices. + +But what I would love to know is how to start investing as soon as I turn 18 and I would love to get extra information on investing if anyone is gladly to help more. + +Questions: + +I would love to know what books to read for investing or stocks or different types of investing + +YouTube channels with information + +Learn how to file investment taxes + +Overall if you can give me any useful information on investing itself or tips il be gladly to take them + +Wanna mentor me and teach me? Message me or post a reply + + +(Please don’t try to scam me or put me into pyramid schemes of sorts, I been working since 15-16 age (30+ or 40+ hours of work) since pandemic of COVID carrying boxes and lifting all sorts and walking to work at 3am at a -40 weather winter so please don’t even try I could understand when it’s a scam or not) +I am new to investing I want to put all of my savings from my paycheque into a low-risk ETF. I am 21 years old and want something I can just throw my money into for the next 5-10 years and see profit. + +ANY advice is appreciated. +What would the pros and cons be? Is it worth? + +What are the implications for your TFSA, RRSP, yearly taxes, and others + +What are the main variables to take into account +I've read some very interesting things about Canadian Apartment Properties REIT (CAR.UN) on here and decided to open a small position a while ago close to its recent peak at approximately $48.50 per share. Today I was in shock to find out that the stock price plummeted almost $2.00 today to a price near the low $45.00. I wanted to know what other people's opinion on this REIT and if this fall in share price is a sign I should back out or use this opportunity to buy more? +Elliott wave apprentice here. I previously made [an elliott wave prediction](https://www.reddit.com/r/Superstonk/comments/oa0lr1/elliott_wave_apprentice_prediction/) as practice since I'm currently reading the Elliott Wave Principle book and learning the concept to peer review Elliott Waves Guy u/possibly6's work. + +I'll be honest, this elliott wave stuff seemed obscure, unclear and confusing before I started reading the book. There are many rules and guidelines within elliott wave theory to know. The rules are laws which cannot be broken, and the guidelines are sometimes broken, which makes things even more confusing at first but just accept it for now. If you try to follow EWG's posts to the fundamentals, it might be tricky too since he lays out the fundamentals across multiple posts from a long time back. + +I'm going to try to break it down to the bare essentials that you need to know for our current situation in GME, all in one post, so that you can understand the main elliott wave bull thesis for GME right now, the Elliott Wave Tsunami (not an official term). + +# 1. Price moves in the direction of the trend in 5 waves + +The overarching trend of GME since March 2020 is up. + +[Trend is up since Mar 2020 \(log scale chart\)](https://preview.redd.it/t133ncw0xo871.png?width=1465&format=png&auto=webp&s=0e5822195e4b72b5002081d3c156e665182a8c3f) + +So from now on I'll just talk about up and down in the context of GME (in elliott wave lingo, we would normally be talking about trend and countertrend, since the overarching trend can also be down). + +When price moves in the direction of the trend, it moves in 5 waves. Here, the 5 waves are **up, down, up, down, up**. + +# 2. The down waves are never as large as the preceding up waves + +They are often -61.8% the height of the preceding up wave, sometimes -50%, -78.6%, -85.4%, -38.2%, -23.6% (which has to do with fibonacci ratios if you're interested). + +# 3. Wave 3 is often the most powerful and longest wave up + +It is often 161.8% the height of wave 1 and wave 5, which are often equal in height. Sometimes it is 100%, 161.8%, 200%, 261.8%. Sometimes more. + +# 4. Wave 4 can never overlap with wave 1 + +It's just a rule. + +# 5. Each wave is made of waves + +That is to say, prices move in waves at every level of scale. A move up in 5 waves has three waves which are up: waves 1,3 and 5. Each of these waves is also made of 5 waves, because it is a move in the direction of the bigger wave. + +# 6. In real-time wave counting, it's normal to have to be recounting your waves based on price developments + +Real-time wave counting is an art and a science. Because we don't know the future prices, we cannot say for *certain* which wave we are in right now. But, we can make some damn good guesses by looking at the movement of prices and understanding the guidelines of elliott waves (many of which I've omitted here). For example, when wave 2 retraces to a fibonacci level, and then makes significant upward movement, we can expect that wave 3 has started. + +# 7. Elliott waves talk about price targets, NOT about time to hit the targets + +There are some guidelines as to how long each wave should take relative to each other, but in general, elliott waves show a set of price targets but does NOT predict **WHEN** those targets will be hit. + +EDIT: The wave 3 peaks in the following images are NOT there to predict when those wave 3 peaks will be hit. They are only there to show the tentative price targets for those wave 3 peaks. + +# 8. We are in wave 3 of the move since March 2020 + +[Wave 3 in the move since March 2020](https://preview.redd.it/a7azjbtwzo871.png?width=1460&format=png&auto=webp&s=810a94f0f8df3f3505dcfef6ee2aa5e06dc5317a) + +I've drawn wave 3 at 161.8% of wave 1 here, which ends at around 820, but we don't know how big wave 3 could be. It could be 550 or 1300. We don't know. It's just likely to be around 820. + +# 9. Zoom in. We are in wave 3 of the move since 19 Feb 2021 + +Go back and read (5) again. Waves are made of waves. So let's count the waves for wave 3 of the move since March 2020. I made the bigger wave yellow this time. + +[Wave 3 in the move since 19 Feb 2021](https://preview.redd.it/04mhzv7r2p871.png?width=1461&format=png&auto=webp&s=b35ed110700a6a0ddfb5079514bcf7023d1c6470) + +Yep we're in wave 3 here too. How do we know that peak at 8 June wasn't the end of wave 3? Because of (4) - Wave 4 can never overlap with wave 1. So we know that wave 3 hasn't ended. Tentative price target for this wave 3 is 625. + +# 10. Zoom in more! We are looking like we're in wave 3 of the move since 25 March 2021 + +[Looks like wave 3 in the move since 25 March 2021](https://preview.redd.it/3k3rq0y45p871.png?width=1455&format=png&auto=webp&s=d84a1b6c9b6d7f0bc774c8abacc743dffb339ee2) + +I've marked the move since 25 March 2021 in purple. We have a clear wave 1, but now we're waiting to confirm that wave 2 has been completed, before we start wave 3 to the tentative price target of 576. + +One reason to believe that we've completed wave 2 and are starting wave 3 is because we've just about retraced -61.8% from wave 1, which is the most common retracement level. It's also possible that wave 2 isn't over and goes down to -76.4% from wave 1 (which would be 164) before we start our wave 3. + +# 11. Enhance! We might be ending wave 2 of the move since 3.30pm, 25 June 2021 + +[Wave 2 of the move since 3.30pm, 25 June ending?](https://preview.redd.it/gv6brtnf7p871.png?width=1470&format=png&auto=webp&s=3f5653b64178a5022d50c8ecff672502b4015115) + +Let's zoom in to the wave 3 again. Waves are made of waves, I'm sure you know by now. We've been in a wave 2 for a while now since the bump near russell rebalancing. + +I previously predicted that we might end wave 2 at -50%, but was too hasty in calling it. It's one lesson that I've learned. We need to see significant upwards movement before calling the end of wave 2. EWG predicted wave 2 ending at -61.8%, the most common retracement, but yesterday we also broke that barrier, we're now at the -78.6% level (EDIT: EWG himself commented below showing that we actually nicely hit the next fib level, -85.6%, which is an even better indicator that we're at the end of wave 2), which is another likely level for the end of wave 2. And you know what comes after wave 2 right? 🚀 🚀 🚀 🚀 + +# Elliott Wave GME Bull thesis and TLDR + +Wave 3s are the biggest upwards movements. + +We're now looking to be ending wave 2 in the move since 3.30pm, 25 June 2021 around our current price level. + +This would put us in: + +* the wave 3 of the move since 3.30pm, 25 June 2021 +* the wave 3 of the move since 25 March 2021 +* the wave 3 of the move since 19 Feb 2021 +* the wave 3 of the move since March 2020 + +The tsunami is coming... + +**🌊🌊🌊🌊🚀🚀🚀🚀** +I have been following the exponential floor since /u/JTH1 had first posted about it. It is something that I believe is extremely likely to be true and **still believe in it**. Over the last two trading days the exponential floor has been broken through, as of the time of writing this it is apparent the equation is no longer accurate. + +Equation for those wondering: + +Exp Floor = 10^(0.0073 * DAY + 0.5) + +(Where the day is the number of days elapsed since Oct 1, 2020.) + +**Why the Exp Floor was working** + +At the core of the theory, there has to be a reason why the exponential floor was working. It was very simple: + +Hedge funds introduce counterfeit (synthetic) shares into the market to cover the previous counterfeit shares they introduced. This is a compounding problem. Creating counterfeit shares to cover your counterfeit shares is like using a credit card to pay off a credit card. It starts out manageable at first. A little bit of interest compounded by a little bit of interest isn't a lot at the start, but as time goes on it is a snowball getting bigger and bigger and hence: Exponential floor. + +Apes balance out the other part of the equation. Counterfeit shares introduced, apes buy counterfeit shares and hold them. The shares are now locked up, unable to be covered, further raising the floor. + +**Historical data for /u/JTH1's exponential floor theory** + +| Date | Exponential Floor | Daily Low | Difference | +|----------|-------------------|-----------|------------| +| 05/08/21 | $127.64 | $157.50 | 23.39% | +| 05/11/21 | $134.25 | $143.00 | 6.52% | +| 05/12/21 | $136.52 | $136.50 | -0.02% | +| 05/13/21 | $138.84 | $142.23 | 2.45% | +| 05/14/21 | $141.19 | $146.43 | 3.71% | +| 05/15/21 | $143.58 | $156.22 | 8.80% | +| 05/18/21 | $151.01 | $159.00 | 5.29% | +| 05/19/21 | $153.57 | $168.27 | 9.57% | +| 05/20/21 | $156.17 | $164.15 | 5.11% | +| 05/21/21 | $158.82 | $166.90 | 5.09% | +| 05/22/21 | $161.51 | $170.33 | 5.46% | +| 05/25/21 | $169.86 | $173.35 | 2.05% | +| 05/26/21 | $172.74 | $181.00 | 4.78% | +| 05/27/21 | $175.67 | $225.55 | 28.39% | +| 05/28/21 | $178.65 | $227.00 | 27.06% | +| 05/29/21 | $181.68 | $221.43 | 21.88% | +| 06/01/21 | $191.07 | $227.07 | 18.84% | +| 06/02/21 | $194.31 | $244.30 | 25.73% | +| 06/03/21 | $197.61 | $242.12 | 22.53% | +| 06/04/21 | $200.96 | $245.77 | 22.30% | +| 06/07/21 | $211.35 | $255.20 | 20.75% | +| 06/08/21 | $214.93 | $281.00 | 30.74% | +| 06/09/21 | $218.57 | $291.51 | 33.37% | +| 06/10/21 | $222.28 | $211.00 | -5.07% | +| 06/11/21 | $226.05 | $206.1301* | -8.81% | +| 06/14/21 | $237.74 | +| 06/15/21 | $241.77 | +| 06/16/21 | $245.87 | +| 06/17/21 | $250.03 | +| 06/18/21 | $254.27 | +| 06/21/21 | $267.42 | +| 06/22/21 | $271.96 | +| 06/23/21 | $276.57 | +| 06/24/21 | $281.25 | +| 06/25/21 | $286.02 | + +*This number is still changing as trading is going on, but this is the low as of writing. + +## Why it is no longer valid. + +This is very simple, the previous exponential floor no longer holds up because the equation has changed. A third variable has entered the equation and that is why we have now dropped below the exponential floor. + +**Enter Gamestop** + +On 6/9 (nice) Gamestop announced that they would sell an additional 5 million shares at-the-market (ATM, nice). The [Filing 424B5](https://news.gamestop.com/sec-filings/sec-filing/424b5/0001193125-21-186796) specifically ~~proposed~~ estimated that Gamestop would sell the shares at a ~~maximum~~ price of $255.39. Now Gamestop is not stupid, they knew as well as us that the price would be tanked after the earnings were released. I think that is why they released all the SEC filings all at once. They put out all their news one after the other so that no one could really say 'Gamestop had negative news so the price went down.' They also did this so that they could complete their ATM offering as quickly as possible. + +We watched on 6/10 as the price slowly bled step by step. It was **very** different from the last earnings report where the price was dropped quickly. This was different. This had the fingerprint of someone selling off shares in controlled batches and not like the hedge fund's short attacks, which have never ceased. + +I think Gamestop sold 50% or more of those ATM shares. I think Gamestop is likely continuing to sell those shares today, hence the current price. + +Because of this, the exponential floor is no longer accurate. The equation has changed, more shares have been introduced legitimately and therefore the compounding problem has been softened slightly. This is **only temporary**. We know that hedge funds have not covered and have no intention of covering. The compounding will resume and because there are more shares in the hands of APES buying the dip, the new formula will be an even higher acceleration. + +I'm sure in a week or two after we understand exactly what has taken place, /u/JTH1 or another ape will come up with a new equation that fits the data post annual meeting (PAM). If anything the current equation will fit if a little bit of discontinuity is added. (IE: Hold the floor steady for a few days until Gamestop has sold their ATM shares). + +**This is not financial advice, this is my opinion. Buckle the fuck up.** + + + +EDIT: /u/Dbuck42 gave me an idea to try and calculate the number of shares outstanding by comparing the actual daily low to the theoretical exponential floor. + +(Exp Floor * Known Float) / Daily Low = Potential Current Float + +June 10: (71815131 * 222.28) / 211 = **75.6 million (3.8 million new shares as June 10)** + +June 11 (so far): (71815131 * 226.05) / 206.13 = **78.7 million (6.9 million new shares cumulative)** + +Now there is gonna be a margin of error there in not only the exponential floor equation, but the known number of shares outstanding. I didn't use an exact number. Could it be that Gamestop sold 3-4 million shares on June 10 and the remaining shares **as of this morning**? + +JACKED TO THE TITS. 🚀🌙 + +Edit 2: To make it easy. + +Current outstanding shares = 71,815,131 + +New outstanding shares = 76,815,131 + +Increase of 7%. + +The exponential floor equation is currently off by 8%. Given a margin of error, it is extremely probable that Gamestop has already sold those 5M ATM shares (nice). + +Edit 3: Used more accurate numbers for the outstanding shares from this post by /u/Squashua1982 +https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/ +I recently started trading. Since pension plans suck for my generation in my country I decided to take things on my own. I started by myself and didn't share my thoughts with my family since I felt they would just panick and recommend me to just get a savings account. Eventually I continued learning and getting confidence in my approach and strategies so I started telling my brother. He has a complete opposite view of life itself. He is usually risk averse and even the thought of changing jobs to get a chance of better salary and benefits is difficult. + +I started with him because I thought he would balance my views and he also follows the stock market. I found out there is always more to my strategies. Since he is prone to look at the risks, he has pointed out flaws in my logic that I'd otherwise could've missed. The arguments can get intense but in the end we are family and we try to keep it logical. + +After a while I got the confidence to explain my parents what I'm doing with my savings. After hearing me out and seeing the results they were supportive and gave me wisdom that I'd miss otherwise. They may not have experience in the stock market but understand people and went through tough decisions in life. They gave me advice on a more psychological way. Things like being kind to yourself when losing and always keeping the eyes on the goal and not letting your fears dominate you. +I learnt a lot from them even though I never expected to. + +This post is for those loners out there that feel they can't share their thoughts or strategies with people they trust. I think they should try and take their information openly, they may get a nice surprise or at least hear themselves out and find flaws in their logic. + +I hope this post helps someone become a more balanced trader. I will keep bouncing my ideas with my family from now on and even more people I'm close with, there might be some hidden wisdom I'm missing. + +Cheers and happy trading. +I’ve seen a lot of comments today and posts talking about only drs whatever % because you can’t sell with computer share or you will need to transfer back to a broker. that’s all a big fat lie it’s all FUD. Computer share has both limit and market orders. You can either receive a check or get a wire transfer to your bank account once you sell shares with them. Market orders will be sold as market orders in any other broker at the market price and the limit orders will be sold in batches at the limit price you set. Don’t let the lies and fud slow you down or hold you back from drsing 100% if that is what you wish for.🚀 to the moon apes fuck the fud and lies +Hi all + +I've been working in the public sector for a long time (since I was a grad) and am soon moving to a large corporate to work in international tax. + +I hit a point of diminishing returns in the public sector and am willing to take the lifestyle hit to hopefully benefit my career and gain some much needed stimulation. + +Has anyone else done the same? How was your experience? Any tips on transitioning? + +Cheers +Hi all, + +There’s a post on the sub currently about escaping the 9-5, I’m asking the opposite. + +What 9-5 would you recommend? I’m looking to get out of hospitality and get into something with regular hours and schedule. +The scenario: an unauthorized user gains access to your account without your knowledge; perhaps they execute some trades which lead to losses. Perhaps they successfully wire money out. Are you protected? + +[Marketwatch](http://www.marketwatch.com/story/hacked-this-is-what-the-top-5-brokers-will-do-for-you-2015-10-27) did a survey on the subject last year, and five popular brokerages offer a guarantee against cyberattack related losses: + +* Charles Schwab +* Fidelity Investments +* E*Trade Financial +* Scottrade +* TD Ameritrade + +Some popular firms not mentioned by Marketwatch also offer a guarantee: + +* [Vanguard](https://personal.vanguard.com/us/help/SecurityOnlineFraudPledgeContent.jsp) + +There are, however, also notable exceptions: + +* Robinhood +* Interactive Brokers +* Capital One + +**Robinhood:** + +The [RHF Customer Agreement](https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF%20Customer%20Agreement.pdf), in article 17, includes the following wording: + +"I agree that Indemnified Parties will have **no liability**, to Me or to third parties, or responsibility whatsoever for:(i) any Losses resulting from a cause over which Indemnified Parties do not have direct control, including but not limited to the failure of mechanical equipment, **unauthorized access**, theft, operator errors, government restrictions, force majeure (as defined in Section 15), Exchange rulings or suspension of trading;" + +**Interactive Brokers:** + +The [Interactive Brokers LLC Customer Agreement](https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration.formSampleView?ad=us_customer_agreement.html), in article 3, includes the following wording: + +"3. Responsibility for Customer Orders/Trades: +Customer acknowledges that IB does not know whether someone entering orders with Customer's user name/password is Customer. Unless IB is notified and agrees, Customer will not allow anyone to access Customer's account. Customer is responsible for the confidentiality and use of Customer's user name/password and agrees to report any theft/loss of such user name/password, or any unauthorized access to Customer's account, immediately by telephone or electronically through the IB website. **Customer remains responsible for all transactions entered using Customer's user name/password.**" + +**Capital One:** + +The [Capital One Investment Account Agreement](https://www.capitaloneinvesting.com/main/online-investment-account-agreement.aspx), in article 23, includes the following wording: + +"23) Extraordinary Events You agree that Capital One Investing **will not be liable** to you or to third parties for losses incurred directly or indirectly by causes reasonably beyond its control, including but not limited to, government restrictions, natural disasters, severe weather conditions, wars, strikes, terrorist attacks, exchange or market rulings, interruptions of data processing services or communications, disruptions in orderly trading on any market or exchange, **unauthorized access** or operator errors." + +Neither agreement appears to include any additional clauses which specifically guarantee to make the customer whole in the event of their account being hacked. + + +So it seems neither Robinhood nor Interactive Brokers (nor Capital One, ...) feel like offering their customers any guarantees against hacking is necessary, and the customer will end up holding the bag if their account is compromised. + + +Is this indeed the case? Has anyone with accounts at these brokers reached out to them for a clarification on why they feel it's OK not to offer such a guarantee while their competition does? + + +Edit: Added Vanguard to the with-guarantee list. Thanks @[TheGoldFighter](https://www.reddit.com/r/investing/comments/5kn2qr/is_your_money_safe_from_hackers_at_interactive/dbpapc7/). +Added Capital One Investment Account to the no-guarantee list. Thanks @[ggWes](https://www.reddit.com/r/investing/comments/5kn2qr/is_your_money_safe_from_hackers_at_interactive/dbpbvi7/) and @[logicaltuvok](https://www.reddit.com/r/investing/comments/5kn2qr/is_your_money_safe_from_hackers_at_interactive/dbq3ekh/). +I'm throwing this one out there for a sanity check as I'm driving myself mad considering a job opportunity. + +I currently work in property with a public sector organisation but am viewed as quite commercial. Current salary is circa 65k plus pension contribution of 18%. The organisation i work for is mad at times and terribly resourced but i have some interesting projects and am well regarded. Job is reasonably safe. Albeit frustrating. + +I have been headhunted to join a private developer who is very well financed with no debt and looking to expand. They have offered me slightly more, no pension, but a potentially lucrative bonus scheme where i would be expected to get around 8k for each site i acquire, and aim to assemble say 4 a year. The hours will be longer and less job security... By the group themselves are very successful and going from strength to strength... However if your face doesn't fit staff can get turned over... I've heard some warnings about how harsh they can be + +I'm ready for a challenge but have just had a baby. It could be an amazing opportunity but i could also end up on my arse in 6 months with no job. I've been told my skillset is sought after so low risk finding another job, albeit not at that salary + +Am i mad for considering this? I have tended to be risk averse however part of me thinks i need a jump otherwise I'll always wonder if id cut it in the private sector... + +Totally confused! + +Anyone been in a similar scenario? +I have been noticing a bunch of Fire calculators & spreadsheets floating around, and was wondering what tools people use. There doesn't appear to be a single app that solves all of the problems. + +At the consumer level, there's Personal Capital & Mint that I've used in the past. + +At the commercial level, Emoney or MoneyGuidePro (esp if you have an advisor or CFP). + +What tools, sites, resources do you use that others should know about? + +Some of the problems I'm looking for solutions to: + +* Monitoring all of your accounts +* Manage investments (public & private markets) +* Taxes +* Real estate properties - values, taxes, market rent +* Document management +* Giving access to other family members, advisors, attorneys +* Monitor debts +* Scenario analysis (What if I buy this property... sell this position...etc) + +I'm sure I'm missing some other topics too but those are some of what I've been missing. Anything else would you add? +I asked this question in /FIRE a while ago and was hoping for a different perspective. + +36 years old and married; I’ve been saving before I even knew what FIRE is. We have approximately $950,000 in Fidelity between regular mutual funds. SEP IRA, and ROTH IRA. We also have a couple years living expenses in cash. We still owe approximately $80k on our house which has a market value just north of $200k. + +I’m a business owner who is depressed and miserable. My wife now works with me and she is equally as emotionally destroyed. Yes, I’ve saved, but I’ve lost my sanity and probably years off of my life in doing so. + +Our business has been closed since the mandated shutdown began and we’re collecting unemployment. You know what? We’ve never been happier! I can’t bear the thought of going back to my personal hell when this is over. + +I have two thoughts: + +1. Go back to hell and keep trying to earn as much as possible with the goal of retiring in my 40’s. + +2. I think we’ve saved enough that even if we don’t contribute anymore, we could still potentially retire in 15 years. I’m considering cutting my business, to less than half, and working a part time schedule that covers living expenses. My wife could get a part time job elsewhere and bring in an extra amount that we could still put to savings. We could still potentially retire early; albeit, not as early, but we could keep our sanity. + +Has anyone been in a similar situation and instead of trading peace of life for chasing more income they actually stepped back and were content to be OK as is? + + + +Of note: my business is service oriented and I cannot automate it, even by hiring others. +Squeeze aside, tendies aside, I would be excited to purchase $GME with all of the news coming out about what they're doing. I'm not even much of a gamer, but the e-commerce and gaming lounge talk is just really fuckin cool. Crazy that the hedge's goal was pretty much exactly what drove me to do my part to make the opposite happen. +This is a very basic take from a volumetric analysis of Bitcoin. Data dates back from yesterday, but today's confirms this prediction. + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. THIS IS JUST ME SHARING MY OWN. Hopefully to kill some of the unnecessary FUD out here.** + +I'll go briefly over the following points: + +1. How we call this prediction for BTC. + +2. Extrapolation to global market cap and other cryptos. + +3. What it means for the crypto space. + +4. Why this information should help you. + +*Note: I'm not a native english speaker so please forgive in advance any approximation in terminology. Hopefully you can correct my words rather than criticize (assume it's logically correct but using the wrong words, before bashing. I'll humbly accept any criticism too, the point is to discuss.)* + +___ + +# 1. Volumetric Analysis + +Observe this chart, especially the horizontal volume bars on the right, relating to pricing: https://i.imgur.com/ePOS4Ag.png + +(*Source: Trader of Futures, Published on Jan 29, 2018 on YouTube, link at the bottom. You can watch the video if you want more details about volumetric charts*). + +Most people look at Technical Analysis from a price standpoint (candles, etc), but this is more backward-looking than forward. In essence it shows what *has* happened, not what is *about to* happen. + +From a volume standpoint though, you can effectively characterize two very important aspects of a given value: + +* horizontally (time axis), you can retrace the actual weight, so to speak, of a move. How much global pressure there is/was in moving (the actual move is based on the average of ups and downs in a given time-frame, but how much volume overall tells you if the market is dull/weak or jacked/strong). + +* vertically (price axis), you can effectively characterize the actual levels at which traders are comfortable. When you see a low in volume on the Y-axis, it means that people are avoiding this price point, hence the valuation will usually either stop there ("support" or "resistance" level) or move past it. Which way depends on fundamentals (internal/external), which we'll discuss in 3. below. + +You can see very clearly that BTC is dull right now over January (horizontally), there's not much incentive to upset the current (downward) trend. Down moves are strong, comparatively to consolidations (horizontal/up moves). + +You can also identify the following support levels: + +* ~$8.44k + +* ~$5k + +* ~$3k + +Notice how the volume is much bigger below 8.4k than it is above: this is strong sign that many people are comfortable buying below 8.4k, indicating that there are little chances we go below (everything will be bought). This is currently the strongest *next* support level for BTC. + +Notice also how it's much, much bigger below $5k: reasonably we can assume that BTC cannot move lower. If we break the 5k barrier, it will be bought almost instantly in the $4k-$5k range. + +It's all intuition and sentiment, but given the current situation of cryptos (see 3. below), it is **very likely** that we will go down to 8.4k. It is also very likely that we'll pick back up after that. + +Currently, there is resistance around $12k. To break above that level, we'd need volume (horizontally, a push up with enough weight). We'll see how it goes once this bear phase becomes bull again. It's hard to know when the shift back up will happen, but I'd expect in February, and breaking past $12k in March or so. + +___ + +# 2. Extrapolation to global market cap and other cryptos (top 25) + +Based on prices from yesterday, a dip to $8.44k for BTC would be about 0.85 its price when I took the values (9913 at the time). + +It seems that the market is vastly correlated to BTC globally, so if we simply assume a linear move for the market globally, here's what we can expect: + +https://i.imgur.com/nJb5Uiw.png + +In blue, a 0.85 dip. In pink, a 0.51 dip down to $5k-ish. + +Again, it's very likely we will hit the blue values. It's possible, although rather unlikely we'll hit the pink ones. + +For any value that's not in this chart, just multiply your coin's current value ×0.85 to get a feel of how much lower it will likely go. + +For a more thorough price prediction, we should look at volumes (in pricing, Y-axis) of each cryptocurrency. I don't have time to do that, but you can and would therefore identify the proper support levels for each coin. I assumed here that it's overall "about good enough" to get a feel. + +___ + +# 3. The crypto space right now + +This is the most subjective part of this post so I'll just echo general sentiment. + +## Some people have a clear interest for cryptos to go down temporarily + +Now that the crypto market has been somewhat legitimized, more and more people want in. They're not willing to buy at ATH obviously, so many are waiting. Others already in are taking profits as they see/saw this bear coming. It's all normal and a factual expectation of any market soaring high, then pausing a bit before going much higher if the underlying fundamentals are good. + +The crypto scene right now is a bit of both, good and bad fundamentals (from the tech which is good but mostly beta/alpha, to the use-cases and general legal environment which is uncertain for now and therefore more on the bad sides of things, until such time we clear these unknowns). + +Basically, whales are now waiting for the right time to enter. This is our $8.4k support level, as long as there's no major event to upset it (war, stock market crash, basically any macroeconomic bomb). + +## The somewhat official Bitcoin (BTC) is currently falling out of favor + +Versus other cryptos, BTC dominance over the market went from 66% to 33% in a month. It's a huge loss of dominance that it's very unlikely to recover. Many people are already predicting that Ethereum (ETH) will soon take it over. + +People also realized that BTC was no more viable as a "peer-to-peer electronic cash system" (words taken from Satoshi Nakamoto in the white paper) and that many other cryptos could be valid candidate. The space is in tremendous innovation, it's a really before-early-adopter phase right now. + +Internally regarding Bitcoin itself, there is also much controversy due to forks over fundamental disagreements (namely Bitcoin Cash BHC) and a questionable new direction taken by self-proclaimed official caretakers of BTC (namely "Blockstream"). + +This is the reason for the feud between r/Bitcoin (BTC) and r/btc (BCH). I won't go into it here, but let's just say that overall it's a bit of shitshow that doesn't reflect good upon any bitcoin fork right now, and that appearances can be very, very deceiving, willingly or not from their respective promoters. Personally, I've been flabbergasted at what I've discovered, and I'm pretty sure it will be a big bomb if it ever reaches the attention of major media (it probably won't though). + +Basically, BTC is falling out of favor fast from the general public, and this is causing the general crypto market as a whole to pause, reflect, and probably evolve, but that's never as smooth as it seems. + +My personal prediction is that the top 3 coins a year from now may possibly not include any bitcoin(s). + +## Tether, Bitgrail, Bitconnect: time to do some cleaning + +These are just examples of FUD-inducing events (some would say with good reasons!) that keep nagging this space with pains that keep it volatile and uncertain. + +It's not clear at all when the crypto market will become suitable enough for the real mainstream to enter, not even questioning its use cases for now. But there are thresholds in security, trust, compliance that we have yet to pass with flying colors. + +Again, this is causing more uncertainty. Since it's very hard to pinpoint the exact reasons for a surge up or a fall down in value of crypto-values, market actors are taking a stance back before making their bigger moves. Ergo, wait, see what's what. + +## South Korea, China and the USA are to make big legal moves + +We don't know yet what will the legal situation be 6 months from now. What's sure is that official authorities have taken a big deep look at cryptos now, and Asia is by far the biggest investor especially in the mainstream. We're nowhere near that level in the west, although the importance of the USA in the global economy amplifies its decisions from a media standpoint. + +Europe is also making moves, although as usually these days, it's a bit of an old dwarf versus Asia and America; its rather conservative population is unlikely to make massive moves (a notable exception is Switzerland for its relative independence from the EU). + +This is again more general uncertainty, especially in Korea and China, that begs investors to wait a bit before they move. Hence, the bear is making its run. Big money, the kind that has a clear interest for a lower price, isn't doing anything to stop that trend (see first point). + +## Big, real, good projects take time + +If you look at the development roadmaps and expectations from big projects team members (ETH, NEO...), you'll see that they expect to meet certain very important milestones (notably in scaling) by 2019 or even 2020. We're not there yet for general mainstream VISA-threatening adoption, guys. We still have A LOT of work to do. + +Did I already mention that this market needs time? + +___ + +# 4. What this information all means for you, how does this help? + +Obviously the most important parts were 1. and 2. regarding your investments. + +You now have a clearer picture of where we're going, most likely. You can anticipate how much your values will drop if they keep going down. So you can now arm yourself with patience, knowing that it is to be expected. + +A bear market sometimes makes casualties, in the form of values (coins, companies, entire sectors...) that had no solid-enough grounds. There are bankruptcies, some teams/projects get bought. Others earn their legitimacy, too. + +Don't panic. Just rationalize your investments: + +* Are the projects you support solid? It's not about being big (top 25) or small (in the high hundreds on CMC...), it's about being *good*, *realistic*, *solving problems*. It's about having people that can deliver on their objectives (track record, experience, behavior with other actors and on social media). I have more confidence in some rank 1,000-ish cryptos in my portfolio than some top 25. + +* How deep are their pockets? Dedicated their team? Can they withstand a month or even year-long bear market? Can they keep the payroll going until there's money coming in, i.e. a valid product? How timely is their product versus the chances of adoption? (this is why I insisted on making part 3. above). + +You can't necessarily know the real answer to all these questions unless you're an insider, but some projects are better than others at making these unknowns known. Trust your intuition. If something feels *off* to you, it probably is to some degree. Question is, how comfortable are you supporting them with your own money? + +___ + +# Final words + +## Expect the dip to continue. + +Until you see a market cap of ~420 billions, it's just the natural continuation of current volumes. It's OK, you already know (now...) what it means in terms of numbers in your portfolio. You wouldn't be here in the first place if you weren't ready for dips in-between highs. + +If we break below that, sub-$400bn, then chances are we'll be heading for a 50%-ish dip, down to ~250bn. It's OK, too. Don't panic sell. Just be brutally honest with yourself before that, to let go of projects that you don't really believe in (moonshots ICOs and over-hyped coins), remain confident as ever in the ones you trust to see the light eventually. + +This is a long term game, we're before early adoption in terms of tech. + +There will be many such dips before we get there. + +But we'll get there, eventually. That's what we all believe. And we have solid grounds for that belief, it's not faith, it's an educated guess based on how this world and business works. + +## If you want to double in (buy more), look at volumes to get a general bearing on your favorites. + +Look at volumes on your coins. On the general market. Look how big people are moving, not just how high/low a given value is moving (it could be very low volumes and mean not much, if anything at all). + +Don't be the sucker that only looks at candles. Spoiler: good traders don't really care for candles. Price analysis. TA. This is all just a reflection of the past. Volume is where it's at to anticipate moves, and you can only mix that with experience and intuition for the market. That's what investing on markets means. + +You should never invest in something you don't understand, in a company or project you can't judge for yourself. For instance I understand tech, so I'm comfortable investing in Silicon Valley tech companies. But I know shit about retail even though I read Sam Walton's and Jeff Bezos biography. So I don't invest in those. If you invest in crypto, you should at least know a bit about crypto-tech itself, and you should know about the industry your particular projects are targeting. + +None of this post is financial advice (I'm not qualified for that). But this is my only investing advice for you: **know what these guys you're giving money to are doing. Be able to have an opinion about their goals, how it fits in the real world.** + +___ + +That's it, peeps. Already long enough I guess. + +I'm hoping some nice fellow redditor can make a guide to volumetric analysis on tradingview.com or something. + +Have a great day. + +____ + +Link to the video that inspired me to make this post: https://youtu.be/DMFK6_gA_H4 + +____ + +### EDIT: QUICK UPDATE 2018-02-02 10:44 UTC + +* Here's the [current volume profile with up-to-date price curve](https://i.imgur.com/tfwUtX7.png) + +We're now standing right above the support level for BTC@$8.4K-ish (Y-axis volume profile). So far this estimation seems to be about right. [disclaimer: it's not just me, several people called this a month ago, I'm actually late to this party.] + +* Answering comments about graph analysis of any kind: + +Remember, it's not only graph analysis: a good part of *guesstimating* markets is just that, *guessing*, based on intuition/sentiment/experience, whatever you call it. The news *do* matter, so do the fundamentals (the tech, the target market/sector's readiness for adoption of products (aka S-curve), the legal environment, etc.). Part 3 in this post is mostly why I drew such conclusions from the volume profile, and why I ultimately felt we were going down (and could still go lower). **This doesn't change my general feeling that cryptos are here to stay and will be a major part of the economy in the 2020's.** Nonetheless, volume profile is a strong indicator of future performance, unless major event —extrinsic (e.g. global crash/war etc.) or intrinsic (e.g. bad fork, legal issues, etc.), for a period about as long as the retracing (here, 4 months, so whatever you infer from these charts above could only go as far as April or so). I feel the market is too new and volatile to infer much further from graphs, after that it's only sentiment. + +* Back to our chart: + +We broke below the average growth line from early October (white line + "!" on this graph). I don't think it's very significant, but some people would, so I included it. Notice we only have 2 strong lows to draw this, one (middle) is weak-ish. + +There's a big buy wall underneath our current $8.4K support level, so chances are we'll rebound. If we do break below however, we're headed towards the yellow arrow/line ($5K, $250bn market cap or lower if other cryptos keep falling below BTC, and they very well might *in average* if this is a sanitizing event —which is very much needed for the sanity of this space, imho). Looking at the overall ordered volumes (horizontally), the current fall isn't very much sustained however, about average, indicating a dull movement upset only by previous volume profiles as we speak. An influx of good news could reverse it. Otherwise... brace yourselves. + +___ + +**Edit 2018-02-02 23:30 UTC: the market seems to have stabilized around $410 bn.** +___ + +**Edit 2018-02-07 13:05 UTC:** We've hit a low of $270~280 bn, BTC tried the $6K level but bounced. News from the USA seems to have a positive effect, possible recovery ongoing (it's an integral part of the way we read these charts today). Volumes are stronger than ever on this rising trend. We may still see a bigger dip or two but general trend imho looks to be upwards. + +**We are currently testing a resistance level around $8500 for BTC.** (Next one above is 12K-ish and then there's no foreseeable bound. Below we sit above a direct fall to $5.5K). + +___ + +**Edit 2018-02-09 01:50 UTC:** We're not in the clear yet, imho. The sentiment is still bearish. There are signs of bulls waiting to come in but we're testing a rather strong resistance level kicking off around $8,400. Below the current $8K price, we do have to confirm or find a floor before we bull back up (last support on Feb 6th was at $6K, history shows a support level around 5,400 (from Nov 12) but volume profile suggests we could test slightly below, $5K support from mid Oct). + +I am still observing this market before making another post. I'm about half confident that we're seeing the last bears. + +Right now I don't have anything else to say to you other than what I'm personally doing: I'm holding, **not buying this dip just yet**; waiting to see a second confirmation of the support level in the $5K~6.5K range (i.e. support level). I want to make a most educated decision in the aftermath of this crash. I plan to buy in just after the bull market resumes, once I've had several (at least two) possible confirmations (might be RSI, might be volumes, might be some news/sentiment, might be just a textbook 'W' too). + +On the way up, regardless of when it happens, we still have to retest several resistance levels: $12.2K, 13K, 14.6K. BTC is very uncomfortable for some reason around $12K, so I expect turmoil in these areas. + +Here's my non-professional advice for crucial times: don't be too hasty. Don't panic over 20% when your end game is 200% or ten times that. Don't fear of missing out by a day or even a week when you're in for years... Many (educated) people still believe $30K~40K for BTC by year's end to be a rather conservative estimate. I concur. So who gives a f--k about $2K more or less now? ; ) + +___ + +**Edit 2018-02-12 20:20 UTC:** + +This time, the volume profile I outlined 11 days ago was rather spot on. + +I'm still observing the market honestly, we're in a bit of a horizontal move right now. We did stretch almost to $250bn in the dip, but it seems $420bn really is/was the consolidation average box. It's hard to predict which way it's gonna break out in the short term. (for more info, see "Bitraged" videos on YouTube, they really nail it in their current videos, lots of educational value too; I really like their channel). + +What's sure is that, everyday we spend at this market cap is all the more ground to "validate" this $420bn value; in other words as we accumulate historical volume at this level, it means that the crypto market really is worth it (increasingly certainly not less). That's a reassuring sign imho. + +I think the real consolidation will happen later this year, probably at a higher market cap, when "good" coins/projects start siphoning the "bad" ones. Big finance involvement (and their many audits, reports, evaluations, etc. destined to their major customers) will sort out the market hopefully more rationally than it is today. I expect this to slowly be reflected on rankings like CMC. + +Regarding Q2-Q3, there are increasingly many more signs that the future looks bright *overall*. However I'm thinking that the involvement of big financial institutions (FI) will likely result in much more regulation and therefore the death of many not-so-fantastic projects/coins, and some exchanges as well. I hope this will truly be the year of decentralized exchanges, so that we have an alternative to big FI's exchanges (I personally would use both, for different purposes). + +Personally I'm regrouping my assets around projects I really really trust, those with a promising basis and already established demand (e.g. fiat-to-crypto gates, or crypto management solutions for the mainstream), while planning on investing in some hot-shot ICOs during Q1. + +___ + +**Thanks again for all your comments and pms, I very much appreciate the discussion.** +I bought a BMW from a prestige car dealership for £14,995. Exactly a week after purchase the car broke - at the time a suspected timing chain tensioner - so I contacted the dealership via email who, from the off, seemed less than interested. I researched my rights and a major fault within 30 days of purchase entitles me to a full refund. + +They sent the car to a supposed 'independent specialist' (I need proof of this) and called me today to basically say "we're sending the car back to you, it's your issue, if you want to take this further with us you'll have to take us to court." + +It is my understanding that I should now contact trading standards and speak to them about the scenario, but I also want to take the car to a specialist nearby who can do a separate diagnoses and find out whatever I can before progressing this further. + +Is the dealership within their right to refuse to even cover repair, never mind the refund? What should I look out for going forward? Obviously this is causing some stress and, due to unforseen circumstances at home (water damage) finances are at an all-time low. Also, has anyone experienced a similar problem with a dealership? + +If any more information is required I'll try my best to obtain it +one of my favorite newsletters + +&#x200B; + +[https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/eye-on-the-market/outlook\_2021\_amv.pdf](https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/eye-on-the-market/outlook_2021_amv.pdf) + +&#x200B; + +couple interesting things: + +&#x200B; + +*It’s worth noting that 90% of S&P 500 market cap is now based on intangible assets (R&D, intellectual property, software, etc), complicating historical comparisons. P/E ratios of the asset-heavy US corporate sector of the 1960s-1980s might not be the best comparison for today’s asset-light, less capital-intensive S&P 500 universe. Intangible asset shares were 20% in 1975, 30% in 1985 and 80% by 2005. So, some upward drift in S&P 500 P/E ratios over time makes sense, in principle.* + +\-China/USA military comparison + +\-2008 vs 2020 and 2000 vs 2020 comparisons + +\-antitrust issues and potential risks of Big Tech + +worth the time +I have written [before](https://www.reddit.com/r/financialindependence/comments/isbuxz/thoughts_on_reaching_an_unexpected_milestone/) on hitting different milestones. Due to the market doing its thing and me doing mine (high paying job) - I have hit more than four-times the number I wanted to hit when I made a FIRE plan six years ago. + +I am examining these days what I feel is a very complex relationship with money. It is understandable why we focus so much on money, not just in absolute but relative to one another - despite comparison being a thieving bastard! It is quantifiable, and we naturally gravitate to hierarchical ranking in objective terms (title, salary, net worth, bigger house, more followers, etc.). Our social conditioning, especially for people that grew up in harsher environments (like me in a developing part of the world), orients us to climb some objectively defined rungs of ladders. "Why climb the greasy pole?" - "Because it's there!". + +Objective things are zero-sum. Not everyone can be the richest person the planet, or live the longest, or have the biggest house...external determinants of self-worth will always run a relative deficit, and lead to expectations that outrun our reality. Happiness and satisfaction become fleeting. If we look inward and find subjective metrics of our well-being and then work on *those*, then we have a greater chance at finding sustained bliss. + +Bills still have to be paid however. Focusing on FIRE has been good in terms of getting us to a comfortable financial place (my better half would argue that I'm too paranoid). Once here, my goals are changing from calling it quits to being comfortable enough to be able to call it quits once either my work becomes unhealthy for me, or once I find enough hobbies/interests outside of it to call it a day. I have already begun reducing my workload (and OK with my compensation going down as a result - because I am already FI). + +My financial independence story can be summed as: heavy investment into my education (not talking college, but in general) and hard work >> greater income >> living modestly >> greater savings >> diversified investing with focus on reducing costs.... and that's about it. That's the uphill climb. Looking forward to the enjoyable *other* side of the mountain, which involves a lot more giving and sharing with others (money, time, life's experiences and lessons learned, etc.). +A few minutes ago Ethereum passed Block #12244000. + +Source: [https://etherscan.io/blocks](https://etherscan.io/blocks) + +The next Update will bring EIP-1559, which could lead to more predictable fees and maybe also lower fees. It is still a long way to ETH 2.0, but if they manage to accomplish their roadmap goals in time, I think Ethereums future is bright. In the mean time, Layer 2-Solutions will help out quite a bit! +Just trying to form a strategy moving forwards with regards to this potential big tech breakup on the cards and I’m curious as to if I would actually be better off owning individual tech stocks like GOOGL or AMZN or if it’s better to just pool money into QQQ? The off spring of big tech might not rebalance into QQQ so I guess I’m unsure on that risk because I would want to own the off spring of these companies since they’ll likely, if history relapses, be worth more than the monopoly stock. +Haven't seen anything like this since 2000. It's doubled itself in the last 3 months. And it's a large cap company not a penny stock. + +What do you think will happen next? +This would undoubtedly tank the price. + +From my 10 seconds of reading on what a 10-5b1 is, I don't understand it. But from what I gather, the CEO would just need to show his genitals within 48 hours to stay compliant. This is probably wrong. + +If the CEO did shows his balls, would it just be considered indecent exposure (I assume the FCC would be the ones to prosecute) or would the SEC have to actively ignore it because it's considered "insider trading"? + +If it is considered insider trading, what would the CEO have to do to legally orchestrate this "flash" crash? + +Is it Monday yet? +By that I mean, law, finance, tech, medicine, and crypto. + +Are there any fatfire people that made it to be fat from being in a creative field? (Art director, cinematographer, photographer, professional artist, etc) + +Curious to hear if any of you exist and what your story is! +For those who have FIRE'd. How are you qualifying for loans? + +I have several income producing rental properties that we own outright. Down the road, I was hoping to get a cash-out loan to take advantage of the rates and do some improvements to properties or build a home on an empty lot that we own. Also would be interested in getting a cash out loan on my primary residence. No LLC at this point - just under my name. Credit score 800. + +Main questions + +\- Apply as self employed or retired? + +\- How to justify income? Based on tax returns, my income is low due to depreciation + +\- Should I setup LLC? - Didn't think it was worth the hassle + +&#x200B; + +For reference. + +Personal home - Approx 1M + +Investment properties(8 Units) - Approx 3M - Have about 500k loan on one of the properties. + +Brokerage + Crypto - 2M + +Retirement - 2M +While it's preaching to the choir here on r/fi, I found this article on Stealth Wealth engaging in part *because* it's pitched to a wider audience while representing some of our community standards about not discussing FIRE or flashing our wealth - https://www.iwillteachyoutoberich.com/blog/stealth-wealth/ + +Is there a level at which you'd come out of stealth mode? I'll admit, my FI number is probably sub $2M so if I landed myself in a $10M windfall I'd be upgrading the car that my personal driver drives. +A year or so ago when bitcoin was not mainstream at all, I had some spare cash lying around from my tax refund.. I read up on bitcoin and found it to be interesting.. and honestly.. I thought of it as a good LONG TERM investment. I plunked down $1,500 (give or take), and purchased some coins. I transferred them to a Bitcoin client wallet, encrypted it, and while playing around with the damn thing.. FORGOT the encrypted wallet password. It drove me NUTS for a few weeks.. as $1,500 is a lot of money to someone my age (I'm 25). Eventually I just gave up. And it really gnawed at me.. but I was convinced that the wallet.dat file itself was corrupted because I was positive I knew the password (I'm not very password clever) or some variant of it. Over this past year I saw BTC rise, fall, rise, fall, and now rise.. and it was on my mind the last few weeks.. just couldn't let it go. + +You know when you're lying in bed and have an epiphany moment.. that happened about an hour ago and I thought "did I ever add an "!" to the end of what I'm SURE was the damned password?" Got up, pulled that wallet.dat file off a USB (which I was sure was lost forever into the ether), tried the password with a "!" at the end.. and OMFG. BAM. + +THIS has got to be one of the happiest days of my LIFE. +$1,500 dollars and a year later.. + +Took a screen shot: +http://i.imgur.com/N27pAUF.jpg?1 + +Now WTF do I do?!?! + +EDIT: changed the image hosting +EDIT 2: added blackbox on top of blur +I’m 100% confident that had it not been for the buy limits placed last week a short squeeze or at least a gamma squeeze would’ve occurred. However, this blatant market manipulation might keep happening on Monday and we don’t know what effect it will have. + +What we do know is that tons of new people have signed up for trading apps and a portion of them will buy **GME**. This means less available shares for the shorters which helps our cause. + +I am pretty nervous about how in the dark we are about what the hedge funds have planned. This coming week could either be a huge win, a stalemate, or a letdown. + +Regardless though, what’s important is that **WE ARE STANDING UP FOR WHAT WE BELIEVE IN**!!! + +Keep holding my fellow warriors, no matter what happens next week! + +💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 +Are these HFs literally just going to just leave undeliveries and fake shorts with no punishment from the SEC? They have the rules laid out, just enforce them. + +5million shares undelivered for over a month with no one to tell them to buy shares to deliver. Is the SEC saying they are allowed to just leave it as undelivered indefinately then till the share prices dip to $3? Are the HFs going to just wait till december and just cover for $3 each cause no enforcement from SEC? Man if I dont pay the bill for $30 i get my wifi or electricity shut off, come the hell on. + +Also Someone enlighten me and why its not manipulation to trade stocks back and forth with the purpose of driving the stock down. Sounds like a direct purpose to manipulate and not based on free market supply and demand. + + +#Delivertheshares +https://finance.yahoo.com/news/amazon-air-fedex-ups-181853630.html + +Now could be the best time for Amazon (AMZN) to dramatically increase the size of its air fleet. That’s according to Bank of America analyst Justin Post, who sees the depressed price of aircraft, coupled with the massive increase in demand for delivery services spurred by the coronavirus pandemic, as a golden opportunity for the ecommerce giant to pump cash into its Amazon Air division. + +And while that would help Amazon increase its one-day shipping capabilities, it could also give it the firepower it needs to solidify its nascent third-party delivery business as a true competitor to the likes of FedEx (FDX) and UPS (UPS). +Give it to me straight: does it still make sense to hold bonds given the financial and monetary environment? Is it better to hold two separate funds (like XBB plus XEQT) or should I just roll everything jnto XGRO? Thanks in advance. +As the title says which Canadian dividend growth stock are you buying? I'm going to be putting another $1500 into the market in the next 1-2 weeks and initially I had it ear marked for ARKs upcoming space etf ARKX but after the recent market correction I am looking to buy something safer. + +I have been thinking about putting some money into Enbridge, Fortis or Scotiabank but wanted to see what everyone else has been picking up as a safe long-term dividend growth play. + + +Thanks! +Looking for some feedback on my investing plan. After reading a bit of The Intelligent Investor I realized that I had no idea what I was doing. As a 22 year old with a very long term horizon, my plan is to allocate: + +- 70% to a broad market ETF such as XEQT or VEQT. Would never sell this. + +- 20% to 3-5 companies that I have researched myself and believe in. Would not sell unless there is a change in company fundamentals. Currently learning the ins and outs of value investing before doing this. + +- 10% to speculative plays in Crypto and smaller cap stocks (Gambling money) + +Any advice is welcome +If you have held gold miners recently, are you still in? Have you lightened up? Are you adding? If you have never owned them, are you considering them now? + +Are you with Mark Cuban who recently said "gold is dead"? + +Any thoughts on gold and their miners is welcome. +I’m arguing with my uncle that he’s a millionaire because he has only 5k in his chequings and 10k in his savings. But he owns 2 houses in the GTA and land in Ottawa. which goes over total of 3 mill in equity. But he tells me he’s just a worker, a husband, and a father.... is he being humble and avoiding the status? Or is the definition of millionaire to have a million in your savings? and plus all those investments on the side. I’m beginning to think being an actual millionaire isn’t when you touch actual million dollars and there’s way more to it. +I am specifically do analysis on chipotle in one of my finance classes, and I am viewing their capital structure, and they have absolutely no leverage. Why would they not tax advantage of the tax shield on increasing their debt even slightly? Based on their cash flows with 20% debt they would have no problem covering interest expenses and payments, and it would save them a ton of money in tax benefits. Any thoughts? +I am specifically do analysis on chipotle in one of my finance classes, and I am viewing their capital structure, and they have absolutely no leverage. Why would they not tax advantage of the tax shield on increasing their debt even slightly? Based on their cash flows with 20% debt they would have no problem covering interest expenses and payments, and it would save them a ton of money in tax benefits. Any thoughts? +Hello all. I am new in this market, and made a post earlier about a "friend" of mine who ever since the elon tweets just full on turned into an insufferable smug asshole. The reason? I made the mistake of telling him i bought some bitcoin and other things. + +&#x200B; + +From that point on it was constant jabs, and forwarding of every single FUD article he can find into my group chat and passive-aggressively making comments towards me. Keep in mind: He did NOT care at all about crypto , up until I told him about it. And now he made it his personal mission to be a smug asshole as often as he can, about anything that paints crypto as a ponzi/scam/energy waste that will doom humanity. + +&#x200B; + +Well, I KNOW it was my mistake for telling him. but it's been 3 months, and every 2-3 days its the same old shit. I nuked the group discord so that it's gone, disbanded the group chat and basically scattered the entire group and told him to shut the fuck up about crypto, and that I know he has something to say to me but he'd rather pussy-foot around it and be a smug asshole and forward me forbes articles. + +&#x200B; + +I hope those cheap chuckles were worth it, asshole. I was one of your last friends + +&#x200B; + +Also, I KNOW IM DOWN 30%. I don't need some dickhead reminding me about it infront of my other friends every 2-3 days' + +and even IF i may consider all crypto/stocks a pyramid scheme in some sense - he isn't coming from a place of concern. He's just being a smug asshole. He even told me "I indirectly make people feel like shit" and was proud of himself - because he cant just come out and say "i think you are a retard for buying bitcoin" +My bank’s Director called me yesterday (never talked or met him before). +He told me they were doing some security checks and some “anomalies”popped up on my account. They noticed I was regularly moving my monthly income into exchanges and the director wanted to warn me about the risks and volatility or cryptos which btw i’m fully aware of. +He wanted to make sure that I wasn’t investing debt in crypto which of course i’m not. I only invest my hard earned money and what I’m willing to lose. Im totally debt free and i owe nothing to my bank. +So I asked him what he knew about cryptocurrencies in general. He said : “I heard Elon mask bought a lot of it”. + +I’m from a small city in Italy (so please apologize my english) and I was not expecting to the Director of my bank to know much about crypto but also not that little. +He kindly asked me not to bring back the money all at once and I simply told him that i have no intention to do so and that i’m crypto for the long run and not for speculation. I also told him that I was aware of the capital gain tax in case of withdrawals. +He asked some fairly personal financial questions and even though we didn’t speak about numbers I knew he knew because he told me that he could see my money transfers to exchanges which I didn’t really like. On the other hand, i had the opportunity to ask him some questions and discovered that I am the only one in that particular bank that is involved with cryptocurrencies + +I’m sharing this story with you because I found very interesting that my bank noticed me. I am your average 28 yo guy with an average job and an average salary. +I think in the future banks and governments will do their best to make it harder for the average Joe to get involved in crypto. +Old Lady Ape here, + +I have been trying to get the word out about Direct Registration (while I fail horribly at learning how to use Reddit), and I do think a lot of apes have finally heard about it and are considering it in their own personal financial planning. + +But I have also heard many times that apes don't understand what makes Direct Registering of stocks so important. They have their stock in a cash account at a reputable broker and stock in cash accounts are supposed to be "segregated" and protected from being shorted... what else could go wrong? So lets get into this shall we. + +[I made a meme. Does that make me a zoomer now?](https://preview.redd.it/zaquupd46de71.png?width=394&format=png&auto=webp&s=44532062e5ec76fa379ac27751535946909c3497) + +First of all and maybe last of all, **you think you have stock in a cash account at a reputable broker** + +And you do...sort of...We have heard from many sources that GME is literally rolling in FTDs, Failure to Delivers. + +**Who do you think the GME stock has failed to deliver to?** + +You might think 'not me, I can see my stocks in my account right now... see.' ...But so can everyone else. The DTCC who is the registered owner of your stock gives each broker the ability to entitle a share into your account while it waits on actually delivery of that share. Crazy right? Your stock might not be there, in fact, if you purchased it within the last 30 days, it probably isn't. + +**But I have a Cash account!** + +I know, I know... let's back up here a minute. + +When you opened your broker account (maybe you transferred from the Robbing of Hood) you probably specifically signed up for a cash account because we all now know that Margin is an empty hollow hole of corruption. + +[cash account vs. margin account](https://preview.redd.it/mmh6a0rg7de71.jpg?width=642&format=pjpg&auto=webp&s=a5adfe26521fd4246ed92eeddb24655553fa1331) + +But also probably because you know that shares held in a cash account have certain protections that Margin accounts don't: like not being able to be shorted out from under you, because of the Customer Protection Rule, [SEA Rule 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) which requires all shares in a cash account and 140% above collateral in margin to be in the physical possession or control of your broker. + +&#x200B; + +[Physical possession or Control](https://preview.redd.it/mc3o3j5p7de71.jpg?width=660&format=pjpg&auto=webp&s=db3c0907040013ecad9e189be1a044f3d2ca6aee) + +But what you may not have known, is that there are lots of ways that your broker can be in "control" of your shares. Would you like to hear about some?👀... + +I guess that's a yes. + +1. If all else fails, your broker can just borrow a share, as long as the fail to deliver lasts long enough. What's long enough? 30 days, but that's just the first round of juggling +2. Now the real magic is in this little number. + +[other.... yes other](https://preview.redd.it/d1pvit5z7de71.jpg?width=688&format=pjpg&auto=webp&s=526077f0083e30fe98ff58dc4dfa4b14e99b4084) + +So what other organizations are considered in good control of your shares... Here's a few + +* **SAMs**\- I'm not exactly sure what this program does, but it looks suspiciously like it rips up ETFs and puts them back together. Sounds safe.... right? + +[SAMS- not the warehouse](https://preview.redd.it/gto806l28de71.png?width=646&format=png&auto=webp&s=2b153dee5be317ce517fe052fbab1caf1508e33b) + +* **SBP-** Ah, the good old stock borrow program. Supposedly this little rehypothecation pool was closed in 2013, but the SEC left it named as a place of good control in the regs just in case they wanted to bring it back. Here you see that securities under control may actually be in the Anticipated Delivery Program for an additional 14 days before having to be called back to fill in for an FTD. + +[I guess T+2 was just a meme](https://preview.redd.it/rb3xghuy8de71.png?width=677&format=png&auto=webp&s=a2f4f50987f01e52362b36f4affe79961c4b586f) + +* **Obligation Warehouse-** Now this program is too cool to be named in the Customer Protection Rule itself. It works like a clean up crew for the clean up crew. This program is only mentioned surreptitiously in the Rule through mention of a program called RECAPS. + +[Recaps- redates and reprices FTDs](https://preview.redd.it/qmrf6mt59de71.png?width=638&format=png&auto=webp&s=c23125e6c96628a4e4e9f6b4c0b4e97b8c95b1ce) + +If your shares for your cash account fail to deliver in the CNS, Continuous Net Settlement, then your share gets to make a little vist to the [obligation warehouse](https://www.federalregister.gov/documents/2010/12/29/2010-32730/self-regulatory-organizations-national-securities-clearing-corporation-order-granting-approval-of-a). There it will be given the full spa treatment of being repriced and redated to get off that old failed share smell. Remember when I said the broker had 30 days to borrow or buy in your share if it failed? Well guess what just happened to that day counter. + +[Introducing the Obligation Warehouse!](https://preview.redd.it/lafzdq5d9de71.jpg?width=606&format=pjpg&auto=webp&s=eefef487cf41ada9680137040f0de0dd4f83937d) + +These fails are matched to the entity liable for the share but without the customer wondering where their share is, there is no pressure to actually buy in the fail. The old RECAPs program repriced and redated fails every quarter but the new Obligation Warehouse does it more frequently than that, about twice a month, I believe. Isn't that special.... + +So that 30 day buy in requirement is pretty much a joke as these obligations are recapped continually until they are eligible to be filled in the CNS. + +So while apes are hunting all over Brazil for the naked shorts, I'm guessing the long shorts are hanging out right here, in this special little warehouse, "Where FTDs go to die"- Wes Christian + +[RIP](https://preview.redd.it/y2n4qrumade71.png?width=537&format=png&auto=webp&s=238d229aecff781bd1bdb039b6586b03f48b7eb8) + +And whose FTDs are they? They are mine, they are yours. Brokers comingle our shares in a "segregated" account, 1 share is everyone's share and 1 fail is everyone's fail. + +But Direct Registered shares cannot FTD, a share must be found and delivered on the book of register. It's +1 for you and -1 for the DTCC, no warehouses, Sams, or Pools (unless you want one of course ♾👀) involved, smooth brained ape simple. + +Ape no fight Ape! Please be gentle 🤗🦍💎👐🚀♾ + +**TLDR: shares bought in a cash account are not safe from being a FTD. Even if the shares show up in your account, they could be being stored in the Obligation Warehouse where the FTD is repriced and redated.** + +This article from The Intercept helped me connect the obligation warehouse to Recaps and to the legally available programs considered "control" of securities. Its a multi part long article about penny stock manipulation but interesting. [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +\*This is not financial advice. **Registered shares may be difficult to sell in a MOASS situation.** Please do your own research before making any individual investor decisions. + +Here are some of my posts about Direct Registering shares to help with that. + +[https://www.reddit.com/r/Superstonk/comments/o76au8/direct\_registering\_shares\_what\_it\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary\_information\_for\_direct\_registering/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary_information_for_direct_registering/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oix5zk/step\_by\_step\_method\_for\_direct\_registering\_shares/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oix5zk/step_by_step_method_for_direct_registering_shares/?utm_source=share&utm_medium=web2x&context=3) + +**FUD patrol**: I am a fan of registering shares and have done so with my forever♾hodl shares. I am not telling anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** Also, I have slowly provided this information in an attempt to thwart off the idea that there is any urgency to register shares. There isn't! **This is not urgent!** Take your time and think it through. +Since it just happened to me about 30 minutes ago, I wanted to warn others. So, about an hour ago I get a call from a number I don't recognize. I always screen numbers I don't recognize, so I let it go to voicemail. It is a representative from one of my credit cards saying it is very important I get in contact with them as soon as possible. When I got the chance, I pulled out my card and notice that the number the rep left is completely different from the number on the back of my card. I call the number on the card and speak to a rep. They tell me that there is no issue with my account and that it was almost certainly a scam call. I just wanted to share this in the hopes that it may save someone else the grief of getting caught up in a scam call. +Edit for missing word. +The parties involved in investigating international crime might be interested to know that the company FTX used to offer those tokenized stocks (FTX EU aka K-DNA Financial) was likely involved in receiving illicit funds from yet another scam - a binary options scam out of Israel. + +*edit - it may have been that they illicitly received an entire company from the liquidation, not sure, you’ll see below, anyways, I should have used the word “assets” instead of funds in the post title.* + + +(This was originally a comment which I then inadvertently surpassed the character limit and unfortunately destroyed my own comment by accident (oops). Said original comment was made in reply to this ape’s meeting with the FBI: https://reddit.com/r/Superstonk/comments/zygfhd/just_submitted_my_data_on_the_gme_token_in_a/) + +Therefore I’m submitting this as a post to keep this information accessible and in one place. The following is my quick attempt to consolidate and add detail to an initial comment I made here on this: ~~https://reddit.com/r/Superstonk/comments/zyakoy/_/j25v9q7/?context=1~~ + +Hit character limit on that one too by accident, re-commented that original auto-removed comment here, my bad all: https://reddit.com/r/Superstonk/comments/zyakoy/_/j29aep1/?context=1 + +___ + +The company FTX used to offer those tokenized stocks (FTX EU aka K-DNA Financial) was likely involved in receiving illicit funds/assets from yet another scam - a binary options scam out of Israel. + + + + + +___ + +**Screenshots from FTX’s site showing the connection to K-DNA Financial + Cyprus filing indicating K-DNA = FTX EU:** + +https://imgur.com/a/8ZI4T9D/ + + +**Martha Lambrianou was CEO of K-DNA Financial and then FTX EU, but has since tried to scrub their profile. Siri appears to have had a cached version of the search results though:** + + https://imgur.com/a/Ca7gPip/ + +Per shareholder list for K-DNA Financial aka FTX EU, Robin Matzke was head of legal at FTX EU: + +https://i.imgur.com/Z3k2Z3s.jpg + + +**FTX EU’s license was suspended 11NOV22:** + +https://i.imgur.com/4NydaSy.jpg + + + +For reference, a list of (direct) FTX entities (per the bankruptcy filing if I remember correctly): + +https://i.imgur.com/1z3XrPv.jpg + + + +Email from CM Equity, posted here, indicating that you can redeem tokenized shares for real shares…sort of…https://i.imgur.com/gZhd9bA.jpg + + +Yet CM Equity’s paperwork said a different story (and indicated fractionalized tokenized stock trading was possible, credit to Longjumping_College: https://imgur.com/a/tMsaN5e/ + + +CM Equity’s statement Nov2022 on tokenized stock (which was subsequently handled by Canco aka FTX Switzerland instead of CM Equity, hence the statement…?): https://i.imgur.com/Z0LsT9u.jpg + + +Evidence for the above - CM Equity no longer handles this from the brokerage end, it was changed to Canco aka “FTX Switzerland”: + +https://i.imgur.com/IjtP7J0.jpg + + + + +Forget where I found this online, but was posted by someone else. What appears to be FTX EU’s mailbox… + +https://i.imgur.com/yqjBMjR.jpg + + +**“The Head of FTX Europe” Patrick Gruhn who:** + +> was a Partner of K&G Lawyers, later renamed to Crypto Lawyers, a Swiss firm specialized in digital assets. + +> He was also a Co-Founder of DigitalAssets.AG, the company that made tokenized stocks available with an approved Security Prospectus, which has now become FTX Europe AG. + + +https://imgur.com/a/MNR2xDB/ + +> Head of FTX Europe Patrick Gruhn was previously the chief legal officer for Digital Assets AG, a German company that handled the tokenization process for CM-Equity, a German-based securities bank that helped bring traditional stock trading to FTX customers outside the US. + + +https://imgur.com/a/OO8QQcB/ + + + +Remember per FTX’s own website: + +> “FTX Europe's domain is approved through K-DNA Financial Services Ltd.” + + +> FTX Europe's domain is approved through K-DNA Financial Services Ltd., a duly incorporated Investment Firm in Cyprus that is passported to the European Economic Area. + +> FTX is a brand operated by K-DNA Financial Services Ltd. and regulated by the Cyprus Securities and Exchange Commission, with license number 273/15. + + +> 7. FTX offers tokenized stock trading in partnership with K-DNA and FTX Switzerland GmbH, utilizing as German license in concert with FTX Trading GmbH. + + +(FTX switched from using CM Equity (in Germany?) as the broker for this -> to Canco of Switzerland, aka FTX Switzerland.) + +___ + +**Back to K-DNA Financial…** + + +FTX EU (aka K-DNA Financial) is actually kind of shady in and of itself. It originated as K-DNA Financial (and FTX’s site even states that FTX is K-DNA financial on their own website). I also have their filings that show FTX EU = K-DNA Financial, and further, the CEO of K-DNA went on to be the CEO of FTX EU. + + +**K-DNA Financial was involved in a number of likely fraudulent schemes prior to FTX.** The forum forexpeacearmy has liked them to other binary options/forex scams (see below section). A link to one likely involvement in another scam is below: + + + + +https://www.timesofisrael.com/israel-files-first-ever-indictment-against-alleged-binary-options-operatives/ + +> A fictitious transfer? + +> Soon after this raid, both Utrade Premium Services and Binary Call Center went into receivership. Elad Afari, the receiver for both companies, whose job it was to collect funds to repay creditors, began to complain in multiple court filings that Talmor was illegally transferring assets to a British company called Plustocks Ltd., a Cypriot company called **K-DNA Financial Services Ltd.,** and an Israeli company known as Tracking Partners Ltd., all of them allegedly owned by Israeli businessman Daniel Azougy or his business partner attorney Asher Afriat. + + + +> These assets, the receiver claimed, were international forex and binary options companies, most of them operating from Israel but registered all over the world, that were still earning income that could be used to repay the Utrade creditors, he wrote. + +> Among the “international” assets the receiver identified was a Cypriot company called Trademarker (which operated the brands SkyFX and CapitalOption), an Australian company called Forex TG Pty Ltd. (FXTG), an Anguilla based company called Yamix Marketing Ltd. (PlusFN and AlgoBank), Algo Plus Ltd. of Anguilla, Utrade Marketing Services Ltd. in the Seychelles, Nacolini Ltd. in Cyprus, Capsula Marketing Ltd. in the Seychelles, and Algo Trade FX in the Seychelles. + + +(Read the rest of the article, pretty interesting.) + + + +___ + + +**Additional quick info/overview on K-DNA Financial:** + +Martha Lambrianou was an employee (CEO) of K-DNA and then went on to be CEO of FTX EU. + +Prior to that, see the linked article above which indicates K-DNA received illicit funds (or did they receive the actual financial entities/companies? Unclear…) from the liquidation of another company undergoing liquidation, funds which they were not supposed to receive. + +Martha Lambrianou was also the manager/owner of Topright Trading Ltd. per Cyprus filings. Per forexpeacearmy thread, Topright Trading was likely yet another forex or binary options scam. See: https://i.imgur.com/bHUyL4E.jpg + +Lambrianou is also a non-executive director of “Altrecom Limited.” Their site states that she was the executive director/CEO of K-DNA since October 2017. It also states that she is on the board of directors of “Luna Wealth Asset Management LTD” as a non-executive director. Luna Wealth Asset Management appears to have an app in apple’s App Store; **do not download this.** I have no idea about the Luna wealth asset mgmt portion but it looks shady as hell to me. As you can see this quickly becomes a literal spiderweb of affiliated financial/scam shell companies across the globe. Many appear to be registered in Cyprus, as I presume this provides them easy regulatory access to the EU. + + +Again, I have screenshots and archives of FTX’s own websites which list K-DNA as the entity who is involved with handling tokenized stocks, just in case FTX removed or deleted them… + + + +I also have K-DNA Financial’s Cyprus filings (supposedly all of them, but much of the actual filings is in Greek…) from i-Cyprus. I think I should be allowed to post these but want to make sure I can do so with the mods. + + + + +___ + + +Including a link to a previous post of mine, which, while tangential, may be important here. The chairman of FTX US Derivatives aka LedgerX, Larry Thompson, was formerly the chairman of the DTCC. In fact, he worked at the DTCC since ~1981 in various capacities, including a position as their general counsel. As the general counsel and then later as the co-chairman of the DTCC, he was responsible for regulatory initiatives on behalf of the DTCC. (There are a number of public documents showing his correspondence with various lawmakers/politicians.). + +Anecdotal side notes to this: *Prior to Larry Thompson of the DTCC taking control of LedgerX/FTX US Derivatives, the 2 people who founded the company were seemingly forced out.* *Then* there is the fact that FTX US derivatives aka LedgerX’s swap reporting requirements were suspended by the CFTC, along with Kalshi’s swap reporting requirements. The CFTC memos *specifically* mention Kalshi and LedgerX/FTX US Derivatives as being exempt from swaps reporting. It’s…weird. + + +Anecdotally, LedgerX/FTX US Derivatives offers access to binary options. + + +Post on FTX US Derivatives/LedgerX’s chairman aka the former chair of the DTCC: + +https://reddit.com/r/Superstonk/comments/yvaix7/ftx_us_derivatives_chairman_of_board_is_former/ + + +Finally, I find it *extraordinarily hard to believe* that Larry Thompson, a career long employee at the DTCC *with a law degree,* did not see the fraud that is FTX/Alameda, when people like myself and a number of others did see them as likely fraudulent simply using open source information, ~ a year ago. + + +___ + +**Bonus:** Sequoia provided a lot of funding to FTX. Their letter to investors: https://i.imgur.com/0vfVdPt.jpg + +A comment on Sequoia’s above memo, from someone else which I found rather interesting: + +> Sequoia's memo takes no responsibility for their role in this. Even with a $150M check, Sequoia didn't take a board seat with FTX. No venture capitalist did. The only board member listed in Pitchbook is Arthur Thomas, an independent board member (the ONLY board member listed) and he lives in the Bahamas. + +A rough timeline (probably not detailed enough but will help others get a broad picture of the funding FTX received, at what times, and the amounts): https://i.imgur.com/ktt5H38.jpg + + + +I hope this helps. + +___ + +Apologies if it is a bit scattered. I was frantically trying to save the pieces from an somewhat epic comment which I hit the character limit on, and since automod removed it, figured I’d post it instead. Just for reference, that comment (now deleted by automod as it was over 6k characters) was here: https://reddit.com/r/Superstonk/comments/zygfhd/_/j26129y/?context=1 + +(Oops, lesson learned.) + +Edit - anyone here able to read Greek? I can use an auto translator but figured I’d ask. There are ~100 filing docs in mostly Greek from K-DNA Financial’s Cyprus filings. + + +___ + +Archived: + +https://archive.vn/tWyXQ + +https://web.archive.org/web/20221230161833/https://old.reddit.com/r/Superstonk/comments/zz3nch/ftx_eu_handled_tokenized_stocks_on_ftxs_end_under/ +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + We’re 4000 wallets young and have been trading for just under 30 days, but are already setting new standards in the rewards token space. We strive to be different than the myriad of other tokens in the reflections market today. We know you have many options when choosing to invest in a cryptocurrency. We’re going to show you why Hodl4Gold stands out amongst them as the most notable reflection coin available. We will be miles ahead of other tokens, boasting a premium ecosystem complete with built-in lottery, decentralized exchange and launchpad, targeting the rewards market, exclusive NFT collections and much more... + + +Rewards: +📷 13% BUSD Rewards generated by every buy and sell + + +500k BUSD paid out to our loyal Hodlers in the first week alone, in our first 30 days we have paid out over $1,000,000.00 (One Million!) in BUSD rewards to our investors, over 160 in BNB to muiltiple lottery winners. + + +Utility: +Where other rewards tokens promise utility, we launched with two functional dApps designed to create monster volume, buyback, and burn: + + +📷 Lotto Platform (Live at launch) +📷 NFT Minting (Live at launch) +📷Over 10 trillion coins burned +📷 We have acquired POW (Project One Whale) and gained over 4,300 NEW family members!! + + +Phase 2 utility coming in the next weeks + + +📷 NFT Marketplace +📷 DEX and Rewards token launchpad +📷 Play to earn game and much more... + + +Community and Transparency +We have an active and very positive community of investors moderated 24 hours a day by some of the most helpful mods in any socials. + + +3,500 Discord members +2,200 Twiter Followers +5400 Telegram members + + +See what our investors are saying about H4G +[https://coinmarketcap.com/currencies/hodl4gold/](https://coinmarketcap.com/currencies/hodl4gold/) + + +Our team are Doxxed and live in voice and video chat most days to answer questions from the community, probably the most accessible and helpful team in crypto. + + +Audit: +[https://www.rugfreecoins.com/details/6726](https://www.rugfreecoins.com/details/6726) +Contract Address: 0xE8c4bEce93084D649fB630886b5332942b643BB9 + + +Join us at this early stage, similar coins have 10x from here without utility and we're committed to breaking all previous records. + + +Tokenomics: + + +13% BUSD Rewards +3% Liquidity pool contribution +1% Burn +1% Marketing and Development Fund +1% Lotto Jackpot +1% Team + + +Please check our other socials and official inks below! + + +Website: [https://hodl4gold.com/](https://hodl4gold.com/) + + +Twitter: [https://twitter.com/hodl4gold](https://twitter.com/hodl4gold) + + +Reddit: [https://www.reddit.com/r/Hodl4Gold/](https://www.reddit.com/r/Hodl4Gold/) + + +Instagram: [https://www.instagram.com/hodl4gold/](https://www.instagram.com/hodl4gold/) + + +Telegram: [https://t.me/H4G\_Official\_Chat](https://t.me/H4G_Official_Chat) + + +Discord: [http://discord.gg/hodl4gold](http://discord.gg/hodl4gold) + We’re 4000 wallets young and have been trading for just under 30 days, but are already setting new standards in the rewards token space. We strive to be different than the myriad of other tokens in the reflections market today. We know you have many options when choosing to invest in a cryptocurrency. We’re going to show you why Hodl4Gold stands out amongst them as the most notable reflection coin available. We will be miles ahead of other tokens, boasting a premium ecosystem complete with built-in lottery, decentralized exchange and launchpad, targeting the rewards market, exclusive NFT collections and much more... + + +Rewards: +📷 13% BUSD Rewards generated by every buy and sell + + +500k BUSD paid out to our loyal Hodlers in the first week alone, in our first 30 days we have paid out over $1,000,000.00 (One Million!) in BUSD rewards to our investors, over 160 in BNB to muiltiple lottery winners. + + +Utility: +Where other rewards tokens promise utility, we launched with two functional dApps designed to create monster volume, buyback, and burn: + + +📷 Lotto Platform (Live at launch) +📷 NFT Minting (Live at launch) +📷Over 10 trillion coins burned +📷 We have acquired POW (Project One Whale) and gained over 4,300 NEW family members!! + + +Phase 2 utility coming in the next weeks + + +📷 NFT Marketplace +📷 DEX and Rewards token launchpad +📷 Play to earn game and much more... + + +Community and Transparency +We have an active and very positive community of investors moderated 24 hours a day by some of the most helpful mods in any socials. + + +3,500 Discord members +2,200 Twiter Followers +5400 Telegram members + + +See what our investors are saying about H4G +[https://coinmarketcap.com/currencies/hodl4gold/](https://coinmarketcap.com/currencies/hodl4gold/) + + +Our team are Doxxed and live in voice and video chat most days to answer questions from the community, probably the most accessible and helpful team in crypto. + + +Audit: +[https://www.rugfreecoins.com/details/6726](https://www.rugfreecoins.com/details/6726) +Contract Address: 0xE8c4bEce93084D649fB630886b5332942b643BB9 + + +Join us at this early stage, similar coins have 10x from here without utility and we're committed to breaking all previous records. + + +Tokenomics: + + +13% BUSD Rewards +3% Liquidity pool contribution +1% Burn +1% Marketing and Development Fund +1% Lotto Jackpot +1% Team + + +Please check our other socials and official inks below! + + +Website: [https://hodl4gold.com/](https://hodl4gold.com/) + + +Twitter: [https://twitter.com/hodl4gold](https://twitter.com/hodl4gold) + + +Reddit: [https://www.reddit.com/r/Hodl4Gold/](https://www.reddit.com/r/Hodl4Gold/) + + +Instagram: [https://www.instagram.com/hodl4gold/](https://www.instagram.com/hodl4gold/) + + +Telegram: [https://t.me/H4G\_Official\_Chat](https://t.me/H4G_Official_Chat) + + +Discord: [http://discord.gg/hodl4gold](http://discord.gg/hodl4gold) +I am so frustrated, this took me months to save up and was supposed to help us move out of our rv and literally one stupid thing with my car and the entire thing is wiped out . + +This world is effed. +2020 is finally over (almost). The kind of market we got this year was phenomenal. It's been a weird year but you survived it and hopefully your portfolios have thrived in it! + + +Post your Year-To-Date Pnl Gains, Losses and maybe reflect a bit on what you learned this year trading or share the story! + + +Stay safe, Be Well and Wishing you success + +On behalf of /r/wallstreetbets, + +Happy New year! + +*** As always , no photoshopped bullshit and low quality shit-posting in this thread pls.*** +Hello, my favourite paste-eating, rocket-posting children. In a few hours, the market opens, and the flood gates will begin. I'm all for GME, both for the MOASS and the long-term outlook of the company. I have been theory crafting all weekend, reading every fucking DD, Discussion, and Shitpost since August 2020 post to this god-forsaken Subreddit and there is one simple fact that is currently not being discussed. I'll start off with a TL,DR and then go from there. + +TL,DR: Bears are undeniably fucked, You control the power, GME is not going to the moon, but to the edge of the fucking observable universe.🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Let's go, Gamestop has a NEGATIVE Float. There is likely not an original Gamestop issued share left on the market. What do I mean? Per my last post, I told you that there are approx 69.75 million OG shares, and approx \~75 Million shares owned by insiders (board of directors)/top 10 institutions\[1\]. meaning the likelihood of the shares that you, me, and DeeEffVee own are a shorted share. What I failed to emphasize, is the ABSOLUTE SHEER MAGNITUDE of the situation. There is no way that shorts can get themselves out of it. They're only going to be buying back their shorted shares which, since they are above 100%, there is no way to do that, unless institutions sell off everything they own into the open market. Which is unlikely, as institutions are in it for a long haul, but there may be some trimming on the way up. + +I've commonly simplified this potential squeeze as 100 PS5s(common shares) and 134 PS5 buyers(shorts), but I've had an epiphany that it is wrong. The 100 PS5s are already purchased, sitting in the institution/insider's homes and more than likely, the shares that are out there being traded have been created by the shorts. Where the fuck am I going with this? THERE ARE NO PS5s LEFT AND EVERYTHING THAT YOU AND I ARE PLAYING WITH IS A SHORTED SHARE. THERE IS NO TRUE FLOAT LEFT, AND NOW WE ARE PLAYING AROUND WITH FUCKING IOUs. We still have legal ownership, and voting power with our shares, but they've been created out of the borrowing process of shorting a share, and not a genuine OG share. I reiterate, Gamestop is essentially in a Negative float % position. + +Now, what does that mean for the outcome of the situation? bringing up some data that u/TitusSupremus provided on his last post, we can see that of the 79,519,042 shorted shared, 68% or 54,168,330 of all shorted shares are shorted on margin. Some of which are naked shorted shares, which of course, is an illegal activity when not covered within a 3 day timeframe. (we are at trading day #27.) With many brokerages starting to increase their margin requirements, and maintenance %'s. Brokers will force a buy-to-close on short positions on behalf of the shorts. This is going to cause a snowball effect, coupled with the SEC 201 (Up-Tick Rule enacted until EOD Tuesday 01/19/2021). + +I have two theories of what may happen tomorrow/this week + +1)Margin call happens, we have an increase of buying pressure due to all you loyal GME DiamondHands, along with retail and investment F.O.M.O., ALONG WITH MARGIN CALLED SHORTS WHO CAN'T CLEAR UP ENOUGH CAPITAL TO COVER THEIR POSITIONS, all the buying pressure means that price goes up and our friend SEC 201, more brokers are going to buy-to-close, etc. etc. taking us well beyond $420.69 and into the territory of whatever price you want to sell at. + +2)We remain fairly flat, since shorts can only sell on the up-tick, throughout the day, as brokers are allowing shorts to clear up capital on other investments to cover their margin call. More illegal shorting occurs, and shorts double down on their position even greater. Wednesday and beyond, just spikes and dips like we’ve seen since last week on an upward trend. + +\[1\][ https://finance.yahoo.com/quote/GME/holders?p=GME](https://finance.yahoo.com/quote/GME/holders?p=GME) +Many organisations and roles that I interact with are looking at changing their working style in future, with working from home models of either full time WFH or a hybrid with team members attending the office a couple of days each week. + +This obviously changes the game in terms of where we can effectively live. If you commute 30 minutes to work 5 days a week, that is 5 hours each week. You could live 1 hour from work and if you're only coming into work 2 days per week, your choices for areas to live can open up without increasing your weekly commute times. + +I've heard others speaking about this, and with my work looking to move to a model of wfh / in-office post covid, we have gone from looking at inner city suburbs for living, to outer city suburbs. + +Curious as to what users on this sub are experiencing and potentially how they plan to take advantage of it? Also, curious to hear your thoughts about how this could impact property markets and other market segments? +Hi everyone! + +As the title says, I’m a complete newbie to stocks and trading. + +What’s one piece of advice you would give to someone new that you wished you would have gotten? + +I look forward to learning along with you all :) +I'm 19. On the CRA website it says my total available contribution room is 14k shouldn't it be 12K with the limits being 6k for 2021 and 2022? + +[https://i.gyazo.com/5b76ee2b6b0b89da3ffcaf0d19e43c38.png](https://i.gyazo.com/5b76ee2b6b0b89da3ffcaf0d19e43c38.png) +I understand the stores and they're always busy. They seem clean and the staff is pretty friendly, the stuff they sell is cheap. + +All good things + +Then I look a their books and see 40% of their assets are Goodwill and 25% are inventory. I can't imagine there's a market for their inventory as $1-$2 items probably consider Dollarama their last stop. + +Their equity is eroding and their common shares are decreasing. Are they essentially buying back shares with equity? + +So someone help me out, why is their so much bullish love for this stock when, to this casual observer, their books tell a pretty bearish story? +This is as cringe try hard feminism as it gets. + +To quote CNBC: +>Women are lagging behind men in their rates of cryptocurrency investing, just as they have historically struggled to keep pace with men in more traditional investment verticals. + +Who exactly is trying to keep women out of crypto? Literally no one. On the contrary, with crypto ANYONE can invest. Men, women, trans, cats, dogs who gives a shit? + +And the next bomb they drol in the article + +> Black women face the highest investing barriers. + +…who is preventing them? Crypto is for everyone. It was designed to be such. + +I am the biggeat supporter for women and all gendrea to get in crypto but this article just grinds my gears. + + +https://www.cnbc.com/2021/08/30/cryptocurrency-has-a-big-gender-problem.html +With the massive growth of Cauliflower everything (Oprah’s pizza brand, chips, crackers, etc.) this is a trend I do not want to miss. + +I’ve done some research and am yet to find public firms on the market. + +This is definitely a cash crop and I was wondering if anyone had any insights. +I’ve been keeping my tabs on this one for a while and the sweet spot to enter this thing should be around 80-90 dollars.. hopefully this epic thing turns out in epic favour because I can already see a lot of Apple investors getting agitated with the stock because it hasn’t done anything in the last 2/3 months. They’re getting bored because it is moving sideways. We just need a catalyst to cause a sell off and this epic thing could be it along with people boredom with holding Apple +I stumbled on this insurance company that caught my eye, Genworth Financial. The company operates in four segments: U.S. Life and Mortgage Insurance, Australia Insurance, and Runoff. I honestly don't know too much about the company other than the summaries I have read on YF and what not. + +From a valuation standpoint the company looks undervalued. I'll list the GNW's metrics then the industry average so you all can get an idea on how it is relatively. + +MC = 1.8B & 22B + +P/E = 1.6 & 10.9 + +P/B = 0.12 & 2.58 + +profit margin = 12% & 10.72% + +ROE = 7.5% & 16.7% + +LTD/Equity = 20% & 43% + +current ratio = 1.5 & 1.28 + +EV/FCF = 2.80 & not sure, probably much higher. + +&#x200B; + +The financial statements bounce around a little bit but revenue, earnings, and FCF seem to go sideways. + +Running a FCF DCF the IRR are very impressive. The company generates impressive amounts of FCF! What do insurance companies typically do with FCF? Invest? + +The stock price has tracked sideways for the past 5 years. I'm not sure what a catalysis to get this company going would be.. + +I know I need to do my DD but I'd like to hear other opinions. +I go on this site because I have the delayed access. I just like reading the write ups to see how they performed. Apparently lots of these members are research analysts on the buy side. I can’t help to see how many of these value plays have turned out poorly. A lot of these plays are short term trades with near term catalysts, and I presume a 1.5 year average horizon. Does anyone have any insight here? Do you think these are simply “trades” vs long term hold value plays? +The ratios look good here but management is expecting free cash flow to drop in the next year or so which looks like is from paying out pensions. They have a supported dividend and a good moat as they make navy ships/technology, and if I read correctly they are the only company making aircraft carriers. + +Just wondering if anyone here owns it or has any thoughts on the company +What if the fundamentals of a company are on the decline too because of the pandemic, not just the stock price, should you sell considering that what's causing the loss of revenue might be temporary? In short is this a good time for a value investor to buy companies that would have strong fundamentals otherwise? Thanks +I use a value screener and many of the securities that qualified were either Japanese or steel. I have heard Japan has been selling relatively cheap for awhile but do not understand the fundamental reason why. Is it because of a combination of China, population lag, falling global power. Steel appears to be selling at quite a discount as well although I have heard less in this area. Please let me know any insights or articles that would point me in the right direction. +Controversial, I know. + +Probably not a topic you should be throwing into a forum centred around value investing. However, I do often see value investors using basic technical techniques to determine buy & sell signals. I've often brushed off the idea because of my bias towards value investing but I am opening up to the idea if there are tools that could help aid my research (in some way). + +With that said, does anybody here use any technical analysis in their research? If so, would you recommend any sources to learn more about the area (complete noob when it comes to it) In addition, are there any technical indicators that you feel help that I should check out and what's your rational for using them? +I've recently seen Anthony Pompliano all over podcasts, news, etc... He makes bold claims and pushes certain narrative. When I look into his background seems like has very little knowledge about what he talks about. + +For example he says that if you take the stock market and denominate it in dollars it's going up to the right, but if you denominate it in terms of gold, it's actually decreasing. Seems like you can replace the denominator with most assets (not stable/currencies) and it'll give you the same results. Is there any truth to this? +It's no secret that 2021 was a year of mania and tons of investment bankers and spac groups cashed in... much to the chagrin of their bagholders.... I mean investors. + +However, much like past bubbles there are good companies that are taken down with the bad. And if you are able to find them the prices may be fantastic. Are any of you aware of such newer issue companies that might be fruitful in the upcoming years? +[https://finance.yahoo.com/news/munger-diverges-from-buffett-on-wells-fargo-warren-got-disenchanted-205835811.html](https://finance.yahoo.com/news/munger-diverges-from-buffett-on-wells-fargo-warren-got-disenchanted-205835811.html) + +Thoughts? I have been investing in Wells Fargo since March 2020. I still think they have room to grow. From my estimate, they seem to have a relatively healthy balance sheet and are profitable. The major concerns have been with their previous scandals but hopefully, Wells has learned from their mistakes and like Munger says in the article, this was probably more of a failure of judgment rather than ill intent. Whether their asset-cap is removed by the end of the year, the consensus seems to be that it will be removed by 2022 or at least in the next few years. +From my knowledge and past articles, I believe that the phrase "the only reason to your shares is when company fundamentals start changing" is said by great investors such as Warren Buffett. Assuming that the company you are invested in doesn't issue dividends, when should you take profit. + +In the event where company fundamental doesn't change and stocks start crashing (black swan events), you would lose out on massive gains. An example will be if you bought in the company at $100, and now it's at $150, but due to not taking of profits, the crash happens to wipe the price to $50. As we know, crash can last for a long period of time, if the stock remains at $50 for 5-6 years, you are losing out on a lot of opportunity cost. What would you do in this case? +I think this Omicron variant isn’t going to be as big of a deal given the resources and knowledge on Covid that we have as a whole. But I look at some of these popular companies, like Delta and American Airlines, and what really scares me is the enormous amount of debt they’re in. With the being said, their PE ratios are extremely low. There’s definitely a lot of factors, including these inflation concerns as well, and I just wanted to get another opinion on it. +The company seems to be pulling in revenue equal to its current market cap. Last I read 2021 revenue was 1.9 billion and CRSR current market is also 1.9 billion. Thoughts? + +Also, I apologize, I haven’t yet learned the way to properly value a company. I just peruse these forums and pick up what I can. +The value stocks I am currently holding have been significantly uncorrelated to the market for the past 2 weeks in a progressive manner. + + +I've been seeing some posts regarding some well-known value stocks like DISCA and VIAC pop over 10%-20%+. + + +Before going down to comment that it's just rotating to a specific industry given DISCA and VIAC are kind of in the same industry: + + + **Not only did DISCA and VIAC hold, but from what I've seen, even uncorrelated markets from media like midstream oil for small and medium capped have seen large growth.** Even in the banking sector or the retail sector for some value stocks! + + +Basically, **value stocks**, regardless of sector, **correlate** *in some way shape or form*. + + +What are your thoughts on this? Personally, I believe the markets are rotating to value stocks with the recent "**uncorrelation**" to the Q's or SPDR. +Hey I was wondering if what do you guys look for in a company's fundamentals that would justify paying for a stock with a high PE ratio let's say something with 40+? +With the recent market sell off, I have been looking for industries that are cheap with good value metrics. When I screen for low forward PE, low P/S and low PEG ratios, I keep getting these packaging stocks like Westrock ($WRK), Greif ($GEF) and Graphic Packaging Holdings ($GPK). + +Before I go deep into researching this industry, I was curious if any of you held or still holding these stocks. Is it very cyclical? What other risks should I be looking for? + +For context, below are the metrics for each company + +WRK +P/E-7.4 +PEG-0.7 +P/S- 0.51 + +GEF +P/E- 8.6 +PEG-0.86 +P/S-0.47 + +GPK +P/E- 9.16 +PEG-0.92 +P/S-0.81 +[https://investors.ussteel.com/news/news-details/2022/United-States-Steel-Corporation-Provides-Record-Second-Quarter-2022-Guidance/default.aspx](https://investors.ussteel.com/news/news-details/2022/United-States-Steel-Corporation-Provides-Record-Second-Quarter-2022-Guidance/default.aspx) +This is one of those things that, to me at least, seem like only work if everyone else follows this same paradigm. I mean, with bonds you actually receive the cash flow itself, all the while with stocks the better part of the returns you might gain come in the form of price appreciation. +Just wanted to get some thoughts from people that may be more experienced than me analyzing semiconductors. I understand they are not direct competitors however they are both competitively priced imo. MU seems to be poised for higher growth in the short term with memory demand ramping up while INTC seems to be poised to make a play to become americas first fab. Which one do you guys thing is a better bargain at current prices? + +Also if anyone can answer: is it a possibility that companies like Apple move to in house fabrication of chips in the future? +Mid career value investor trying to understand the tradeoffs in treasury inflation protected securities (TIPS) as compared to Tax Exempt bonds for rebalancing my portfolio for long term investment (10+ years). When comparing the funds over the long term, the tax exempt bonds appear to offer a better risk adjusted return, albeit the TIPS are showing a higher return in this unusual period of inflation. + +[From 2004 to now:](https://www.portfoliovisualizer.com/fund-performance#analysisResults): + +|Fund|Expense Ratio|CAGR|Stdev|Sharpe Ratio|Sortino Ratio| +|:-|:-|:-|:-|:-|:-| +|VWAHX|0.17%|4.80%|4.94%|0.73|1.06| +|VIPIX|0.07%|4.44%|5.47%|0.61|0.90| + +[From 2021 to now](https://www.portfoliovisualizer.com/fund-performance#analysisResults): + +|Fund|Expense Ratio|CAGR|Stdev|Sharpe Ratio|Sortino Ratio| +|:-|:-|:-|:-|:-|:-| +|VWAHX|0.17%|3.86%|3.12%|1.21|0.03| +|VIPIX|0.07%|5.72%|3.74%|1.50|0.16| + +Based on the above quick analysis, I feel that the Tax Exempt bonds are a better long term investment for rebalancing my portfolio even though we're in a period of unusual inflation. + +Please poke holes in my reasoning and let me know what I'm missing. + +Edit: Thank you for all the detailed responses. For some additional context, I have a 6 fund portfolio with a spread across a variety of lightly correlated low fee index funds. The bonds are intended to reduce the volatility of the overall portfolio without significantly impacting the return. + +&#x200B; + +|Index|S&P500|Russel 2000|REIT|EAFE|Bonds|Tech| +|:-|:-|:-|:-|:-|:-|:-| +|Ticker|VOOG|VONG|VGSLX|VT|VIPIX, VWAHX|VGT| +|Percent|30%|25%|15%|12.5%|7.5%|10%| + +&#x200B; +What are some must reads about investing? I have read the intelligent investor and I am in the middle of security analysis. They have been very informative and helpful but they are pretty out of date. Any recommendations would be appreciated. +Folks, + +It would be great if we could share our reading list for the summer. I use this month to reflect on long term trends or deep dive into different topics. + +Billion Dollar Lessons: + +About the biggest business failures in history and the lessons of why they failed, very useful for active investors. + +[Billion Dollar Lessons](https://www.amazon.es/Billion-Dollar-Lessons-Inexcusable-Business/dp/1591842891?&linkCode=sl1&tag=levbuyout777-21&linkId=ba0d548a9fb84a054e98ae739f896b51&language=es_ES&ref_=as_li_ss_tl) + +How Markets Fail: + +History of economic theory and how it led to the deregulation of the financial sector and the 2008 fiasco. Very interesting. + +[How Markets Fail](https://www.amazon.es/How-Markets-Fail-Market-Economics/dp/1250781280?__mk_es_ES=%C3%85M%C3%85%C5%BD%C3%95%C3%91&crid=2W6TQ6OYQ97U8&keywords=how+markets+fail&qid=1659642042&sprefix=how+market,aps,376&sr=8-1&linkCode=sl1&tag=levbuyout777-21&linkId=25ab47838ed4ff50a80565ca79610cb0&language=es_ES&ref_=as_li_ss_tl) + +Money Men: + +Story of Wirecard, a German company that went from being worth over $4Bn to zero in weeks due to fraud. Very interesting book on how management can hide things and if they want to you don't find out. + +[Money Men](https://www.amazon.es/House-Wirecard-Dan-McCrum/dp/178763504X?__mk_es_ES=%C3%85M%C3%85%C5%BD%C3%95%C3%91&keywords=money+men&qid=1659642263&sr=8-1&linkCode=sl1&tag=levbuyout777-21&linkId=153e7fc9c7041dae3873543a67bc25cc&language=es_ES&ref_=as_li_ss_tl) + +Red Notice: + +Story of a BCG consultant who becomes the manager of a Hedge Fund focused on Russia, very interesting to see how corrupt that country is and how far the power of the oligarchs goes. + +[Red Notice](https://www.amazon.es/Notice-Corgi-Books-Bill-Browder/dp/0552170321?__mk_es_ES=%C3%85M%C3%85%C5%BD%C3%95%C3%91&crid=37K9583SMTDN0&keywords=red+notice&qid=1659642360&sprefix=red+notice,aps,122&sr=8-1&linkCode=sl1&tag=levbuyout777-21&linkId=4f4d45dafa9cb6eff03cbeb64a5a5628&language=es_ES&ref_=as_li_ss_tl) +I've never liked bank stocks, I don't like the risk of most airlines, restaurants and retail stocks are questionable right now, and most tech stocks are worth 2x what they should be priced at. + +Does anyone have any ideas of where to look in the market to find the best deals? Or how to find the stocks that fall through the cracks in these sectors and have a lot of upside still? +Hi guys, we've recently been seeing an influx of questions regarding value investing, mostly from those who are new to the value investing world. We'd like to offer a safe zone for you to ask any questions you might have about value investing! We'd also like to invite industry veterans to help out our community by contributing with meaningful responses. Stay safe, and happy investing! +Hi everyone + +I would like to gauge opinions on what is the acceptable/good/desirable rate of return we/you should be looking for as an average for a given year. Or expect to be making. + +As a value investor, we are not looking at quick hits. But, stay invested over a long period of time. + +Thank you for your input. +I’m getting sick and tired of the incompetence of Bayer’s management. + +They made the worst acquisition of the decade by buying Monsanto and until now they are still not able to settle the RoundUp cases. + +All units are performing well, but the CEO just can’t handle the RoundUp problem together with his legal team. + +So my question is: is this a classic value trap or a classic turnaround opportunity? + +To be honest, I’m losing my patience with the incompetence of the CEO and his ignorance to the situation… + +Yes, I’m feeling angry right now and I learned to not push a buy or sell button in such situations 🙄 + +Open to hear your thoughts! + +Discl: I own 100 shares in $BAYN +Everyone says controlling your emotions is a huge factor in trading. + +So why arent more people automating their strategy to eliminate emotions? + +A computer can follow the rules, set profit targets, stop losses a lot better so what would be the downside? +TL;DR: Monthly or yearly returns in $ or % of account. + +why I'm asking: + +Anyone who has seen coffeezilla and all the fake gurus knows people claiming to be profitable are a dime a dozen, that pitching some service is the easiest way to be a profitable trader, and traders here know how hard it is in practice to have effective risk management in order to hold onto earnings long term. Once you cross the barriers, then you can begin to reap the benefits of this highly rewarding endeavor. + +So, to people who are on the other side, who have struggled and now found success, please share results. +Monthly or yearly returns in $ or % of account. Understandably this is obviously deeply personal and highly variable. +Curious to see what comes up. I need inspiration. + +As for me, I've blown up 3 accounts in the last 6 months being a novice. +Now, armed with more knowledge, experience and discipline, assistance from an Algo I like, and better risk management, I'm getting better results with S&P futures than anything before. That's not to say that my hard work couldn't be wiped out in a couple bad days.... + +Update: wiped out this week's gains today over-trading and over leveraging, oof +I have a question regarding the reality of day trading. I am here to ask, is it truly possible to make consistent profits and live solely off trading. I ask this because I constantly see this fake day-trading guru lifestyle being pushed on Instagram to sell courses, but I want to know about the normal people who make consistent, good money day trading. Is it truly possible? +&#x200B; + +https://preview.redd.it/tpm4ze5xxbv71.jpg?width=942&format=pjpg&auto=webp&s=91da67ac889240c648d7b2a55419249fbbd8d73e + +[https://dockets.justia.com/docket/florida/flsdce/0:2021cv61719/598233](https://dockets.justia.com/docket/florida/flsdce/0:2021cv61719/598233) + +https://preview.redd.it/mimnnw9macv71.jpg?width=456&format=pjpg&auto=webp&s=66c6a47b407a3bb9c3d205689d2fccf252af7411 + +# This guy fucks + +&#x200B; + +https://preview.redd.it/7dih8cm0ccv71.jpg?width=596&format=pjpg&auto=webp&s=fd0b91b365bbf05e40d54989fcbed377bacffa47 + +https://preview.redd.it/x8uvbx4zxbv71.jpg?width=795&format=pjpg&auto=webp&s=97d6f462aac71080981d9dcbb5c9892a7b79b83a + +https://preview.redd.it/xuxu9x4zxbv71.jpg?width=818&format=pjpg&auto=webp&s=e9f5bb2769483fd046adc5375afb438a18d3b5b3 + +https://preview.redd.it/1pu4py4zxbv71.jpg?width=829&format=pjpg&auto=webp&s=b9671158bbc7f152f235295c617d6582af0eca5f + +# + +https://preview.redd.it/ujg8m3200cv71.jpg?width=914&format=pjpg&auto=webp&s=fe51bc1c771b49c170885352103fb2ced5dc7645 + +# + +https://preview.redd.it/4apbwl5t0cv71.jpg?width=930&format=pjpg&auto=webp&s=fba7fd3efd90b9472be98b7a4a49ddb16cee9f20 + +# I'M KEEPING MY EYES ON THIS CASE!!!!!! + +&#x200B; + +https://preview.redd.it/w7rg82q7ybv71.jpg?width=901&format=pjpg&auto=webp&s=f506ff9078b564a85cdb29cdc366d7f7fbfa387c + +# #SECknows + +You guys know what the DTCC does after they bankrupt a company through naked selling? They put the physical certificates into the PREM program where they destroy stock certificates.. They even brag about it on their website.. + +From 2010 DTC:[https://www.dtcc.com/news/2010/march/01/saying-goodbye-to-worthless-certificates](https://www.dtcc.com/news/2010/march/01/saying-goodbye-to-worthless-certificates) + +"DTC has been destroying non-transferable certificates since August 2004 as part of an initiative to reduce the certificates held in its vaults. When the shredding program began, DTC’s vault inventory totaled 4,213,278. At the end of January 2010, this number was down to 1,686,517, thanks in part to the one million-plus certificates DTC has destroyed since 2004. The ongoing reduction is part of DTC’s overall dematerialization plan aimed at eliminating all paper certificates in the securities industry." +I've read and digested the DD. I often refresh myself when someone offers a counterpoint I believe to be false. [DD Library](http://www.gme.fyi) + +This arms me with knowledge to navigate the FUD. + +This keeps me zen. + +I have invested what I can afford to lose. Investing is never certain, but armed with my DD I can make educated investment without being worried I will lose money. + +This keeps me zen. + +I am invested in the best hedge against economic collapse. I'm also invested in a visionary leader, a solid business with cash on hand, the best brains in the business. I can't really lose. + +This keeps me zen. + +I know the business is significantly under valued and has a high short interest. Which means a squeeze is likely. + +I have DRSd the majority of my position and those that can't be I am holding. I have a diversified broker set and can cope with any default. + +This keeps me zen. + +By keeping a few in the chamber so I know I can realise gain without selling any of my DRSd shares ensuring that even X holders get what is due to them without harming the squeeze. + +This keeps me zen. + +I've known of financial fuckery for a long time and was around for 2008. I saw the impacts first hand and the lack of repercussions to those that caused it. I knew this was going to be a long play. + +I know there are hundreds of thousands of you just like me. + +This keeps me zen. + +I am not tired. I am not angry. + +I am zen, I am ape, and I am diamond handed. +GameStop’s Ryan Cohen – along with his RC Ventures LLC – had disclosed a 9.8 percent stake in Bed Bath & Beyond back in March 2022. Crucially, Cohen also purchased 2023 call options on BBBY shares, with strike prices ranging between $60 and $80. For reference, the stock closed on Friday at $12.95 per share. While these bullish bets had appeared outlandish back in March, given the ongoing short squeeze in BBBY shares, it remains within the realm of the possible that Ryan Cohen’s call options enter the in-the-money territory. Even if that does not occur, any rally that takes the stock above $30 – which was the stock’s rough price level toward the end of March – will result in outsized gains for Cohen on the back of the increase in these options’ intrinsic value. + +Read the full article: [https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/](https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/) + +https://preview.redd.it/815ci7zr62i91.png?width=1341&format=png&auto=webp&s=ac1ca63e10737d1e15ac5be1768605823f60deb1 + +Source:[https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885\_3-bbby.xml](https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885_3-bbby.xml) + +GameStop (GME) chair Ryan Cohen has disclosed he is still in his call options for BBBY. He bought on April 21, 2022 at strike price of $60, $75, and $80 expiring on Jan 20th 2023. BBBY is currently trading at $16. How much do you think BBBY will be trading by Jan 2023? +Hi all, + +As the title suggests my SO (25) and I (26) have been gifted £25k to use as a deposit on our first home. This will likely be the total deposit as we’re looking around the £250k mark so intend to put down the 10% with a 90% mortgage. Given we’re now ready to purchase a house I’m wondering how we could make the most of this money. + +I’ve been looking at LISAs, however I understand the annual cap is £4K per person per year, and we wouldn’t be able to make use of any bonus within the next 12 months (and we’d prefer to start paying off any mortgage as soon as possible rather than renting for the next 12 months whilst we wait for a £2k joint bonus!). + +Similarly for a Help to Buy ISA, which we’d only be able to contribute 8 months’ worth before the scheme closes in December, we’re not sure if our joint contributions (£1200 per person in first month + £200 per person May - December = £7000, of which £1400 bonus) would be as worthwhile as moving in in the next 6 months and paying off our mortgage as soon as possible. + +Apologies in advance if I’ve misunderstood any of the details of the above schemes - would be really interested to see what you think we could do in terms of making this £25k go as far as possible before we buy our first house together. + +Thanks! +I've been looking for a new job for the last month. Everyday I go to the local library with my computer and spend a few hours looking for new jobs and revising my resume and cover letter to fit every job I apply for. I'm running out of money and I've only had one interview so far. + +I was sitting here thinking for a while about how long is this whole "loser" stage of my life is supposed to take. How many shitty, low-pay jobs am I supposed to work until I actually get somewhere in life? I'm sick of being humble and eating crow and starting over again. I'm fucking sick of it. Yet, all I hear when I look for advice online is "You gotta be humble" or "You have to be willing to start over" or "You gotta be able to get knocked down and get back up." I feel like I've started over so many fucking times already - when is shit just going to work out for me? When am I going to catch my big break like so many other people and finally get what I want? + +I know for a fact that I've worked harder than other people in my life yet I'm the one out of a fucking job. When other sat around playing on Instagram I was trying to doing my job. Yet here I am - broke and just broken on the inside. + +I don't know what the fuck to do anymore. +Yesterday attended a family Christmas dinner for the free food, and of course it was pointed out to me how "so and so just bought that new truck out there" and "that car back there is your cousin's"... and of course they're all brand-new/late model vehicles (presumably with hefty car payments attached) + +Another reminder why I typically don't attend these "gatherings", a lot of it is just family members doing this materialistic "dick-comparing" with each other or otherwise "subtle-bragging" about themselves 😂 + +Drove away in my used/paid-in-cash 2007 beater car with a full belly, but still somewhat annoyed since the "Christmas vibe" was kinda ruined by all the unasked for subtle-bragging and fakery at the table (fake smiles, fake demeanors, etc) +I.e. what's your monthly rent / mortgage payment as a proportion of your net monthly household income? Just trying to get a gauge for what's considered 'normal', heard of the 1/3rd of take home rule of thumb before but interested to hear what people are actually paying. Obviously this will vary massively by property type and area so please include roughly what part of the country you're in, what type of place you have i.e. 1-bed flat vs 4-bed detached. Also household size, how many earners etc would be interesting. I'm just curious about how people make decisions about how much to spend on housing, so if you've got your reasons for not spending much (e.g. want to build up savings) or spending a lot (want to overpay on mortgage, need a big house for family etc), be really interested to hear about that too. +This page has some interesting details on cryptocurrencies or changes that are going belly up in recent days: https://web3isgoinggreat.com/?id=bitprime-exchange-forced-to-pause-trading-due-to-lack-of-liquidity + +---- + +Here's the notice from the BitPrime exchange itself; I've posted the text from that BitPrime page below too: +https://www.bitprime.co.nz/important-notice-for-all-customers/ + +# Important Notice For All Customers +As you may have noticed over the last 48 hours, trading on the BitPrime retail website has been suspended. Since then, a maintenance notice has been up on our website. + +This pause in trading is due to liquidity issues combined with extreme market volatility, which has increased over the last 48 hours. + +You may have also noticed we have temporarily suspended trading on the OTC platform for the same reason. This pause in trading is likely to continue for a short while longer. + +--- +--- + +I realize that this isn't directly related to GME but I think that the liquidity crunches could have a domino / cascading effect across the market. + + **BitPrime ~~is the only exchange in the world - well, was - that~~ allowed you to trade Eth and Btc for New Zealand dollars.** Edit: I've been corrected! A Kiwi ape (below) left a comment saying that they also use Swyftx to do NZD<>cryp. trades. + +I wonder what impact the shuttering of the exchange will have on the New Zealand Dollar. NZ is an interesting economy what with all of the uber-wealthy tech billionaires who fled there during the early portion of the pandemic. +This page has some interesting details on cryptocurrencies or changes that are going belly up in recent days: https://web3isgoinggreat.com/?id=bitprime-exchange-forced-to-pause-trading-due-to-lack-of-liquidity + +---- + +Here's the notice from the BitPrime exchange itself; I've posted the text from that BitPrime page below too: +https://www.bitprime.co.nz/important-notice-for-all-customers/ + +# Important Notice For All Customers +As you may have noticed over the last 48 hours, trading on the BitPrime retail website has been suspended. Since then, a maintenance notice has been up on our website. + +This pause in trading is due to liquidity issues combined with extreme market volatility, which has increased over the last 48 hours. + +You may have also noticed we have temporarily suspended trading on the OTC platform for the same reason. This pause in trading is likely to continue for a short while longer. + +--- +--- + +I realize that this isn't directly related to GME but I think that the liquidity crunches could have a domino / cascading effect across the market. + + **BitPrime ~~is the only exchange in the world - well, was - that~~ allowed you to trade Eth and Btc for New Zealand dollars.** Edit: I've been corrected! A Kiwi ape (below) left a comment saying that they also use Swyftx to do NZD<>cryp. trades. + +I wonder what impact the shuttering of the exchange will have on the New Zealand Dollar. NZ is an interesting economy what with all of the uber-wealthy tech billionaires who fled there during the early portion of the pandemic. +I have recently started coding my own crypto trading bots, as a way to remove emotional impulses from my trading strategy and have tested a few designs with various degrees of success. + +I have recently been testing this particular bot with different coins and got some interesting results. While it underperformed on Bitcoin, it actually came in profit during a week of live-testing on XLM. + +Here are parameters that I set for the bot: + +* The bot will be trading Bitcoin automatically if the price has increased by more than 3% in the last 10 minutes. +* We will have a stop loss of 5% and take profit of 8% - this can be improved with a trailing-stop functionality. + + Have you ever traded with a crypto bot or built one yourself? Let me know your thoughts! + +And of course, here is a guide you can follow to build your own along with the open-sourced code: + +Guide: [https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/](https://www.cryptomaton.org/2021/03/14/how-to-code-your-own-crypto-trading-bot-python/) + +GitHub repo: [https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha](https://github.com/CyberPunkMetalHead/Bitcoin-Surge-Trading-Alpha) +I'm not entirely new to the stock market but I usually just buy index and forget. I entered the workforce around 2013, when things were seemingly getting good again after the recession, so I don't have first hand experience with market falls, only horror stories. + +Anyway, the last few months make me want to slow down on buying and keep cash. Not because socks are going down and I'm seeing losses (I know that's normal), but because I'm afraid of layoffs and being unemployed for a while if companies go on hiring freezes. + +Is the any logic to this or am I missing out and being dumb? Should I continue my monthly investments as usual? I have about 6 lean months of expenses in cash. + +**Edit:** + +This thread is an extremely interesting read. I can't believe the range of opinions and amounts for efunds that have been mentioned here. To clarify: I was never going to sell anything or stop investing entirely. I was however debating whether to invest a bit less a month and use the rest to increase my emergency savings a bit. Thank you for your help! +I don't want to be that guy, but this post is largely inspired by what happened to GameStop over the past couple of weeks. Just this month there was a fatfire post discussing asymmetric opportunities, and nothing related to market events came up (if I remember right). A few posts about crypto/real estate/etc, etc... Do you hold some percentage of your portfolio to \*quickly\* capitalize on these one of a kind events, or have you gone completely passive and don't even care for them to be on your radar? +Pressuring Gamestop into exposing its plans to all the Wall Street parasite billionaires might not be the best of ideas. It might make you feel insecure as an investor, but Cohen asking us to "judge them by actions, not words" makes perfect sense when you think about all the forces colluding against them. They don't want to be beaten at their own game, so they have to keep the element of surprise. + +You know the shorts never closed their position. You've seen the NFT stuff, you know that they're working on something big. Be patient. Imagine if anyone was short on Amazon or Apple two decades ago. How fucked would have they been? + +Asking for Gamestop to show us their cards is not in our best interest. If Gamestop grows, the MOASS becomes unavoidable. Even if we just lock the float through DRS beforehand, it might be enough. Don't fall for the FUD, you're doing yourself, me and Gamestop a disservice. +Hi, + +is there anyone who would be able to share with me two series that I need for my studies? I would be eternaly grateful. Unfortunately, I do not have access to either Refinitiv nor Bloomberg terminals. + +I am in the need of the following series (with the lowest granularity possible, ideally 2000-2020). + +[https://www.nasdaq.com/docs/2020/03/25/SEK-OIS-Product-Sheet-202003.pdf](https://www.nasdaq.com/docs/2020/03/25/SEK-OIS-Product-Sheet-202003.pdf) + +[https://www.nasdaq.com/docs/2019/12/17/Riksbank-Future-product-sheet.pdf](https://www.nasdaq.com/docs/2019/12/17/Riksbank-Future-product-sheet.pdf) + +Once again, thank you for anyone that might have the required access. +I don't know what it is, but R feels incredibly more intuitive to me and the syntax feels much more natural to how my brain functions. Since beginning my algotrading/quant finance journey, I have constantly come across the idea of Python being the best (or at least better than R) language to code with, and while I have tried forcing myself to code in Python and improving my literacy with it, I am beginning to accept the fact that I just dislike the language and prefer to do everything in R. + +My question is: aside from R being slightly less efficient and flexible as Python, are there any real, impassable barriers that it poses? Will there ever be a point where I simply cannot progress an algorithm or model with R? At the moment it feels like I'm driving a stick-shift just because people say it's better, but I've been perfectly comfortable driving automatic my entire life and don't want to continue to torture myself by using Python when I don't really need to. +And where/how to get it :) + +Me: CNN fear and greed index (there is also other data that compose it) + +Where: https://edition.cnn.com/markets/fear-and-greed + +How: through its API hidden in it's website. +I initially thought indicators like RSI or MACD could be utilized as parameters/ conditions for an algo bot. But I was talking to someone who’s made a bot already and they said the indicators usually aren’t reliable and are used to “predict” and predicting the market isn’t reliable for trading because it’s not guaranteed. + +Instead he uses more momentum based things which makes sense as well. + +What’s others opinions on the matter? Is there any particular theme that an algo trader should keep in mind when building a “successful” bot? +Okay, I realize that as prices rise, so do wages, so it all 'evens out'. But as I understand it, it *doesn't* even out. Money loses purchasing power, which is a penalty to savers, and a bailout to debtors. How is this fair *at all*? And it seems to me that it is *intended* to do just that, as well, to incentivize borrowing and spending, rather than saving and investing, and I couldn't not understand this notion more. + +On another issue, why does the amount of money ever need to change? As long as the supply is big enough that exchanging it is convenient (for instance, $10 representing the entire economy would be difficult to do simple exchanges with, as an apple would cost like $0.00000000001, if I counted my decimal places correctly), why does the supply have to keep increasing? If we ever ran into an issue where a penny was so valuable that we needed even smaller denominations, we could simply just re-denominate money; if you had $1 before, it is now considered $10, and a penny is now ten cents. + +This is probably a beaten-to-death topic, and sure I could just Google for various essays, etc., but it's the weekend, so let's discuss it again. +I'm about halfway through Henry Hazlitt's book *Economics in One Lesson*. As far as I know, the arguments made there have never been properly refuted (if someone has, please post a link). Then why do policy-makers and pundits constantly contradict its conclusions? (Don't mind me, I'm just an Econ newb) + +BTW, you can read the book for free here: [jim.com/econ/](http://jim.com/econ/) +I'm an economics n00b, but I've been following the Dow and reading articles and blogs and the news and I think I see a pattern. If the Dow dips some, an article will be posted about "DOW ABOUT TO SINK TO NEW LOWS HOLY CRAP!" and when the Dow rallies some, articles are posted about "Recovery more robust than thought, new gains to follow!" as if they are posting predictions AFTER a new trend starts and not before. This makes me think that even financial news follows the "If it bleeds it leads" rule of thumb. + +Also, I've noticed that the more an article predicts an extreme shift, the more likely it is to have "Buy our market call newsletter to be ahead of the trend!" or some such, either immediately following the extreme prediction, or actually in parenthesis inside the copy of the article itself. So I'm starting to think nobody out there really has a clue when it comes to what will happen with the markets... ESPECIALLY the experts. What do you think? +I'm an economics n00b, but I've been following the Dow and reading articles and blogs and the news and I think I see a pattern. If the Dow dips some, an article will be posted about "DOW ABOUT TO SINK TO NEW LOWS HOLY CRAP!" and when the Dow rallies some, articles are posted about "Recovery more robust than thought, new gains to follow!" as if they are posting predictions AFTER a new trend starts and not before. This makes me think that even financial news follows the "If it bleeds it leads" rule of thumb. + +Also, I've noticed that the more an article predicts an extreme shift, the more likely it is to have "Buy our market call newsletter to be ahead of the trend!" or some such, either immediately following the extreme prediction, or actually in parenthesis inside the copy of the article itself. So I'm starting to think nobody out there really has a clue when it comes to what will happen with the markets... ESPECIALLY the experts. What do you think? +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. +Since we have some superstars here, I wanted to pose a question about maintaining profitability in a sharp downturn. I am of the opinion that the market will trend upside in concert with the upcoming earnings season. Historically, this quarter is the strongest of the year and I think the market will run toward the highs in anticipation of solid earnings. The **real** rug pull will come shortly thereafter. The market will pivot toward discounting valuations in anticipation of 2022+ interest rate hikes and tapering. I then expect we will get our 10-20% correction before beginning a slower, multi-year upwards trend again. + +Assuming I want to protect gains against a deep reversal, what strategies would you folks deploy? Let’s say the goal is to have significant buying power after a 10% drop in the SPX. Clearly I can exit fully and go all cash toward the middle part of the earnings season, let’s say just before AAPL reports. Maybe I can sell some deep ITM calls to lock-in profits and retain buying power in case of the downturn. I would never buy VIX, for example, and only sell it when there is a significant spike. I would probably stay away from directional trades and maybe go long vega. Thoughts? +A little background on me. I'm a retail trader that's been selling options with good success for additional income for several years. I have a background in economics which touches on finance a bit but is largely a different education than finance aside from the math involved. On a self taught basis I've read several of the well thought of options texts and as I said have been doing this for awhile. Recently I began helping a friend learn and have been teaching him how I sell options which is either quite short (under 14 days) or quite long (over 6 months) and I feel like I might be doing him a disservice as I see a lot of people here advocating for selling at 60 days. + +So here is my question. What's the deal with so many people advocating selling options 60 days out and buying them back at 21 days? + +Here's a few specific points if anyone can address them. + +1. A lot of people seem to sell spreads here because they can't afford naked. As far as I can tell buying spreads 60 days out just means your return is lower than doing shorter term spreads. The amount you receive is pretty comparable (on SPY a 60 day $5 spread I looked at got you 1.60 vs 1.10 for a one week spread) but you can obviously do far less of them. When the spreads go ITM there doesn't seem to be much improvement (The 60 day ITM spread I looked at cost 2.50 to buy back vs 4.00 for the weekly). I don't really see much benefit for spreads when compared to how much less frequently you can sell. Am I missing something here? +2. For naked options, which is what I sell, there seems to be some benefit though I feel like I view things differently than a lot of people. For an ATM put currently SPX gives $4000 for an option expiring next Friday. For a put expiring in 60 days you get around $14000. Clearly for ATM the short duration gives more over the time period. However, for a 3% OTM put the 60 day gives $10,500 vs $1400 for the one week. This is much more comparable and as you go further OTM the longer duration put begins to pull ahead in terms of premium received over the 60 days. So if you are selling sufficiently OTM options the longer duration gets more premium. BUT, here's my problem with that. I do not view options by how far OTM they are or what their strike is. I view them through their probability of being ITM and the longer duration options have a higher probability of being ITM and being further ITM. Through this lens I struggle to see how the longer duration is worthwhile. +3. Gamma risk - I feel like this is so overexaggerated around here. "The option might move quickly against you." Ok, don't sell options you can't afford? Honestly, if you're using all your buying power on highly volatile underlying or spreads or something that's the problem, not gamma risk. +4. I feel like it's much easier to predict where the stock market is going to be tomorrow or a year from now than it is to predict where it's going to be a month-three months from now. So to me it seems like this method is choosing the exact wrong time frame to try and be right about. + +I welcome any insight either within those 4 points or beyond. Please tell me what I'm missing so I can broaden my friends education beyond just the strategies I've used. +I sold a bunch of March 21-26 CSPs $30p, $26p and $23p last week for the juicy premium. They are in the red now because of the drop end of last week. With earning coming up IV drop is on my side but ER could be bad plus the lock up could send the stock down further. I don’t mind owning the stock at sub $30. + +But what do you guys think the best play here is to maximize return? + +1) get assigned if dropped then sell covered calls. Will I get assigned before March or need to wait until end of March? + +2) Roll out and down CSPs + +3) Credit spread after IV drop + +4) other option? +Pretend that it is currently after hours and there is a bid on some put option for 0.20, and that I would like to sell a put at this bid. What can happen if I place a sell to open order with a limit of 0.20 while the market is closed? + +What I'm hoping is that the second the market opens my order will go through and I will sell the put for 0.20, regardless of whether the underlying stock starts to moves up or down after the market opens. + +However, I'm worried about two situations: + +First, the underlying drops and the bids start increasing > 0.20, before my order's turn takes place, and then I end up selling at my limit of 0.20, which would not have taken place if I instead woke up early and purchased at the current bid price. + +Second, the underlying rallies and the bids start decreasing < 0.20, before my order's turn takes place, and I never get to sell. + +Does anyone know how likely it is that my order can be placed immediately before the underlying stock price starts to move, compared to how likely it is that the underlying stock price starts to move before my order can be placed? + +If the stock price generally starts to move before my order can be placed, it would be great if there was a way to tie my order to the stock price. For example, by placing a limit on both the price of the option as well as a limit on the underlying stock price, so that if the stock price drops by some amount the order will not be executed. I don't think this is possible though. +Does this adage hold true? I see plenty of posts with such advanced TA, FA, and complex strategies to achieve abnormal returns, but why do any of those when you can just slap 5 30DTE 0.10 Delta bull credit spreads on your favorite ETFs and let theta do its thing for a week or two and collect 2-4 percent? + +Is all this active management worth it? Are the markets truly efficient? Seems like we are in a perpetual state of topsy-turvy land which could justify active management but is going to such lengths to execute these strategies worth it when there are simpler ways to make money? +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. +Anyone wheel $QQQ or $SPY, 3 times a week and if yes, how do you go about it? + +Yesterday, I sold 310 $QQQ PUT when the stock was at 320s and didn't expect it to drop 4% but that's what markets do. Expect the unexpected. lol + +Now, I have the shares in my account. + +So, planning to sell CC on it. Haven't thought about the strike and the exp but was curious whether anyone tried CSP/CC 3 times a week on either $SPY or $QQQ? + +What delta and strike do you pick if you try this approach? Is it worth it? Time is not a problem as I have enough of it. lol + +If you don't sell 3 times a week, do you go 30 DTE and 0.30 delta? Is that the prevailing sentiment on wheeling? + +Thanks in advance for any and all replies. +I had a loose appreciation of inflation before, but this article neatly summed it up for me (I'm sure there are more detalied, clearer articles). + +My council tax is going up £65 this year. Energy costs are going up roughly £115. TV license by £4. + +Just these three outgoings increase the yearly ongoing of my house by £184. + +I thought this might be useful to illustrate the small increases that add up in the new financial year. + + +Edit - link cause I'm an idiot and didn't include it in the post +[https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises](https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises) +How often do you meet with your spouse or significant other to discuss finances and planning?? + +Also, when you do sit down together, what is the conversation about as it relates to the financial future of your family and your FatFire journey? + +Do you review budgets and spending? Talk career advancement? Kids and family? Review investments? + +I’m curious as to what this looks like for others. +Any thoughts on these topics? I am looking to build a dream home, but the market seems too hot in my area to find a good 2-5 acre lot. I am considering investing in a much larger lot then subdividing to sell and make a decent return. What are some pitfalls or blind spots I should consider if I go this route? Is this even a good strategy? What are some good strategies to find “off market” lots? Any advice would help. Thanks!! +It seems to be a no-brainer for most looking to buy properties. And I suspect many of you would be to: + +\- get MLS listings +\- not completely rely on a broker +\- fully understand the transactions +\- save 3% at closing + +Any other good (or not so good) reasons an investor shouldn't be licensed? +So I've done a ton of research and have determined that I'm interested in getting a storage unit. The problem is that it's difficult to find ones to buy. I've tried all the online websites but it seems like there's 2-3 per large city. + +I know what city I'm interested in buying in (near me). Do I just go on bigger pockets and say I'm looking for an agent? Does anyone have good advice on how to find an agent for storage units besides posting on FB, BiggerPockets, or Googling? +I’m curious what all y’all’s thoughts are on taking Section 8. I’d especially love to hear from those who do. + +I have only ever met a few Section 8 landlords, and they have said that they love it, and they get better renters through the program because the people who are on Section 8 know they can lose their voucher if they misbehave. + +But only hearing from 2 or 3 such landlords does not equal evidence. It’s just antidotal. I’d love to hear from more. +I would like to get started in real estate investing as a first-time investor and am learning of the importance of having an attorney handle all the paperwork. What's the best way to find and select a local real estate attorney for the first few deals? Do I look at Yelp reviews, ask around at Meetup groups, or do I just Google lawyers and call their offices? +The CARES Act has postponed any holders of GSE backed mortgages from foreclosure until Dec 31st 2020. ~~Non judicial foreclosures can take \~35 days.~~ Are we going to see a massive influx of foreclosures and sales by delinquent mortgage borrowers in January and early February or are lenders taking actions themselves to mitigate the amount of foreclosures? + +The number of mortgages on forbearance programs is still about 7%. I haven't seen anything about a CARES Act extension on this. + +[https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/](https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/) + +EDIT: Its probably pretty rare that non judicial foreclosures will complete in the minimal time frame. Rephrased the original question to be around sales as well. +I don’t need anymore bashing on please. +I entered the market last year right after the crash at 19. Long story short I was up 38% on my portfolio (thought I was a genius) up until the recently tech/growth stock correction. Now I’m barely breaking even. I’ve began to put my money into XEQT and TEC for the long term. I guess I just feel stupid and wanted to vent. I was up over 3200 on my 9200 net deposits portfolio. I don’t think I’ll be seeing these unreal gains again any time soon. Just wanted to vent. I know I’m 20 and I have a long investing path ahead. Just feel down. +I see a lot of posts/comments about people getting out or wanting to get out of market now. And I really wonder what was their initial plan? + +For the ones that have been investing for 20+ years: what made you wait until now? Markets have been overpriced for years according to almost all metrics. All the people trying to time the top I know have been out for 5+ years. + +For the younger/newer investors, what was your plan? Buy equities and sell it all once market go -20%? +You think you can time the market… but you just missed the last December top. By 20%. + +Serious question: what will be your strategy for the next 50 years? Sell it all each time it goes -20%? Watch market daily and sell it all on a hunch? What is your re-entry strategy? + +I’m really curious on the thought process and the plan for the next decades. + +TLDR: People selling it all now: why change strategy? Or what strategy made you wait until exactly now to sell? +The last 8 weeks have seen an all time high for me in both actual trades and time spent watching/reading/following the market. Part of this is caused by no longer working/commuting outside the home and part by the amount of activity going on in the media throughout the C19 situation. + +I am curious to know how many hours in a day or week you spend on your portfolio or anything related to investment/market news? + +For me: +7 days a week +Sat-Sun an hour per day +Mon-friday- 2 hours per average + +Prior, I would check in maybe an hour a month max and a little more at year end/tax time. + +Keen to hear your views +I apologize ahead of time for the long post. I want to provide as much information as possible in order to receive the most accurate advice. + + +First, please don’t give me a “you should’ve done this instead” speech. I have heard it and given it to myself enough. I have also accepted that I have gotten myself into this situation and it is no one’s fault but mine. + + +Here’s the background information: + +I live in the United States and went to a well-known university. I come from a middle class family and did not have a college fund. Unfortunately, I thought it would be a great idea to go to an expensive university regardless of no college fund and pay for everything with student loans. I went the full four years, and graduated with a degree in Human Biology. I got a Human Biology degree because I thought I wanted to become a doctor. Realistically, I was interested in science, but I think I just told myself I wanted to be a doctor in order to justify taking out a shit ton of loans for college because, hey, all doctors are buried in debt, right?! Why not just start the debt off with undergrad too?! That way I can still get the away-from-home college experience and have tons of fun! Sigh, young ignorance. + + +Well, after four years of shadowing doctors and then graduating, I came to the conclusion I did not want to commit to medical school because I did not want to live the life of a doctor. I also needed to start making money. So, I decided I would combine my science degree and natural social skills in order to pursue a career in medical sales. + + +That’s when I found a sales opportunity in a startup company near me. The company is not in the medical industry, but I figured it would be a great way to gain experience in sales and the risk may be worth the reward. I’ve been there since August 2013. Management has shifted around and we’re now at a time where I think it will truly get big. I have moved from a sales position to an administrative position because the company really needed me there after an employee left. However, I have been promised that after we land this big account and get processes going underway for it in January, I will be given a role on that account and my pay will significantly increase (through the grape vine I’ve heard numbers like 65-70K, but I obviously can’t bank on office gossip). Therefore, I am giving the company until January or February 2015. If I don’t have a pay raise by then I’m out. + + +My job’s hours are a standard 9am-5pm, Monday through Friday. With my current starting salary, I take home $2,330.74 a month after taxes. This totals to $27,968.88 a year. + + +For my living situation, I am back in my parents’ house since graduating. I am fortunate enough to have loving parents who have told me countless times that I can stay with them as long as I need to in order to get myself financially straight. This means I don’t have to pay for food, rent, and other costs of living. + + +My debt consists of student loans and an auto loan. + + +All of my student loans are through Sallie Mae. The following is the current status of my PLUS loans, which are co-signed in my mother’s name: + +Direct Parent PLUS at $19,502.18 with interest rate of 7.65% + +Direct Parent PLUS at $19,245.76 with interest rate of 7.65% + +Direct Parent PLUS at $18,860.66 with interest rate of 7.65% + +Direct Parent PLUS at $2,696.21 with interest rate of 7.65% + +Direct Parent PLUS at $18,564.63 with interest rate of 7.65% + +TOTAL PLUS LOANS: $78,869.44 + +I have made consistent payments on these loans since December of 2013, when my grace period ended, and I am now making a monthly payment of $618.38 with about $118 going towards the principal and $500 towards interest. This is with a 25 year repayment plan. I switched to this from the 10 year repayment plan, because otherwise my payments were a little over $900 a month. + + +Here is the list of student loans solely in my name: + +Direct Unsubsidized at $6,874.38 with interest rate of 6.55% + +Direct Unsubsidized at $8,377.61 with interest rate of 6.55% + +Direct Unsubsidized at $4,057.56 with interest rate of 6.55% + +Direct Unsubsidized at $1,062.37 with interest rate of 6.55% + +Direct Unsubsidized at $1,038.42 with interest rate of 6.55% + +Direct Subsidized at $2,697.50 with interest rate of 3.15% + +Direct Subsidized at $2,697.50 with interest rate of 3.15% + +TOTAL DIRECT LOANS: $26,805.34 + + +I have made consistent payments on these loans since December of 2013, when my grace period ended, and I am now making a monthly payment of $176.30 with about $44 going towards the principal and $132 going towards interest. This is with a 10 year repayment plan. + +For both loans I have done the automatic withdrawal option in order to receive a slight reduction in my interest rates. + +CURRENT TOTAL STUDENT LOAN DEBT: $105,674.78 (ouch) + + +For my auto loan: + +The principal balance is $14,686.22 with monthly payments of $258.85 at an interest rate of 2.84% + +TOTAL OVERALL DEBT: $120,363 (even more ouch) + + +Other than my loans, my monthly expenses are as follows: + +Auto Insurance: $105.7 + +Contribution towards family phone plan: $25 + +Haircut: $30 (I know this is high, but I���m insecure about my receding hairline and have been getting my hair cut by the same person who works at a nice salon since I was 16 and going to her helps a lot with my confidence because I am always happy with the results. To me this is worth it. I’m just being as honest as possible with you guys) + +Gas: ~$60 + +Social: ~200-300 (This is the hardest one for me, as I’m sure it is with most people. This may seem high but it’s more like my ideal number than reality because I always end up surpassing it. My will power is awful when it comes to saying no to social activities; regardless of cost. I’m a very social person with a lot of friends and being with/going out with them is something I love and makes me happy. Unfortunately, I always end up breaking my budget over it). + +TOTAL MONTHLY EXPENSES: ~$420 to $520 + +TOTAL MONTHLY EXPENSES INCLUDING LOANS: ~$1574.23 + +MONEY LEFT OVER PER MONTH AFTER EXPENSES: ~$756.51 + +Within the last month, I have just reached my goal of saving up an emergency fund of $5,000. + + +After reading this far, you may ask why I haven’t gotten a second job. Well, since January 2014 I went through a variety of health issues that did not permit me to do so. However, I’m much better now and I think this is an option at this point. I have about 4 years of experience serving tables and I may try to find a second job doing that during weeknights or on the weekends, or maybe try and become an Uber driver or something. I think another element of this is that it has also taken me a little over a year to break out of denial of my current situation and accept that I need a second source of income. Badly. + + +I know that I should live frugally, which means I seriously need to work on my will power. I know I should also attack the loans with the highest interest rates (PLUS Loans), but with my current position in a job where I’m not paid much and I’m simply waiting and hoping for things to pick up—it’s difficult to allocate extra money towards them. Should I consider an income based repayment plan? Or keep how I’m going, get a second job, live frugally, and hope my 9-5 job does actually increase in pay by January? + + +So, there is my story. If you’ve made it this far—thank you so much. If you have any advice—thank you even more. It would mean the world to me. I don’t really have anyone to go to and the reality of this situation throws me into extreme waves of depression and anxiety. I want so badly to be independent financially and out of my parents’ house. I also want to end this feeling of barely keeping afloat and that I'm stuck in a rut forever. It took me over a year to build up the courage to write this post and I’m ready to make some serious changes. If you have advice, please provide it. + +EDIT: Sorry it has taken me a few days to get back to this, but I just want to say thank you so much for all the advice and direction you guys have given me. After reading the comments, I have contacted my friend who works at a restaurant near me and he said he can get me a job serving tables a few nights a week. I figure I will be able to make an extra $150-300 a week doing this, and it will also cause me to cut down on my social budget. I am also going to start off with the Snowball method to tackle some of the smaller Direct loans with my remaining income from each month in order to get the ball rolling and get the positive emotional drive to keep motivated in getting myself out of this hole. After I knock a few of those out I am going to stay focused on the PLUS loans because it just makes more sense to work on them since they have the highest interest rate. I'm going to use tools like, www.unbury.us which were provided below. I didn't know about that website--it's awesome. I am also going to stay at my parent's place for at least a few more years until my debt is significantly cut. As for my 9-5 job, I know a lot of people are telling me to get a different job right now. I am going to stay at my current one until January/February 2015 because if this company does work out, I'm at the ground floor and in a great spot to rise with it. If things don't change for the better like I have been promised, then I'm out. Again, thanks a ton, guys. I needed the guidance and kick in the ass this gave me. For anyone else in my situation; just don't give up, you're not alone. + +This isn't a typical /r/investing submission but I wanted to start a discussion with what I consider one of the most engaged business-savvy subs. I read [this article](http://recode.net/2016/04/28/reddit-advertising-sales-plans/) about Reddit as a business and thinks look bleak. + +>The Information’s Amir Efrati reports that the Reddit-owned content farm Upvoted is officially dead, and that Reddit’s $20 million 2016 revenue projection is well below its ambitious $35 million goal + +$20 million in *revenue* after 10 years in operation and millions of users... yikes. + +It seems to me that Reddit has very few avenues for significant revenue generation, let alone profitability, without killing the site. I didn't even know "Upvoted" was a thing but that seemed to fizzle out very quickly and tinkering at the margins with Gold isn't going to work. + +Let's discuss Reddit as a business. Will it ever break away actually become a real business? What does that look like? +So, bitcoin is the king overall - store of value and possible main paying currency. +ETH as the dominant platform for decentralized apps. +Ripple as the token for large financial transfers across the borders +Monero as the top privacy coin etc... +Binance and Coinbase as dominant exchanges .. you get the drill. + +Will these able to keep their dominant position or you think some of the new coins (perhaps not even invented yet) will supplant them? +I got into Crypto with 100% ETH and have done well. I cashed out my principal, and I am looking to diversify my gains into a long-term "buy and hold" set of coins that I will likely not touch for a year or more. + +I want to keep the whole portfolio in a set of Jaxx wallets so I will be using only coins in that faucet. I'm looking for recommendations and input on asset allocation and coin picks. Here is my current idea: + +ETH - 65% +BTC - 20% +LTC - 7.5% +GNT - 7.5% + +Other coins available are DASH, ETC, REP, ZEC, DGE, ICN, GNO, DGD... But I either haven't researched these or did not choose them for other reasons. +I think that in the coming weeks Cryptsy will be shut down perhaps permanently. + +I say this because in the past month following their implementation of USD markets there has been a rise in missing deposits, long withdraws, and missing coins from wallets. + +My hypothesis is that during the hack that occurred a few months ago the hacker(s) made off with much more coin than cryptsy is willing to admit. + +If you want proof of the insolvency, buy a decent amount of blackcoin. Then send almost all of it to an external address. Send the remaining amount 5 minutes later. + +Every time the large deposit always takes longer. Substantially longer. This is not a good sign. + +I don't know about you but i'm pulling all my money out of cryptsy. Seems like the smart thing to do. +Are we going to see a crash like when the futures for CBOE came out a few days ago? Is this going to happen now every time Bitcoin futures need to be settled? Isn't there a chance it will go up. Will altcoins always be effected? +I recently started investing in cryptocurrency and I wanted to hear your opinion on what promising/solid coins should I invest in for the long run. +Right now I have Dogecoin and Vertcoin, I had some Peercoin but I changed it all to BTC in order to get some VTC yesterday. +is peercoin still relevant (I've read somewhere that it is advised to invest in some POS coin)? + +thanks! +Sup apes + + +I was gonna write a DD post in conjecture with this, but I am quite tired to be honest and plan to post a new DD tomorrow. In the meantime, I've received many requests to do more video analysis as it helps beginners learn how to view and count elliott wave correctly, as well as understand my posts a lot better. + +For those interested, I made a new video breaking down SPY and GME targets for the near term future. + + +[https://www.youtube.com/watch?v=3n5g\_B1WXMY](https://www.youtube.com/watch?v=3n5g_B1WXMY) + +&#x200B; + +I post this with good intentions and I think video's are great to help people learn. If video's aren't your thing, rest assured I will continue to post DD. For those that want to sharpen up their own TA or try and gain a deeper understanding of EW in a super dumbed down way, you'll very much enjoy. + +Hype DD coming tomorrow breaking down targets even deeper and what to expect. + +wave man out ❤️ 🌊 +From The Wall Street Journal: + +"Verizon Communications Inc. has agreed to pay $4.8 billion to acquire Yahoo Inc., according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company. + +The price tag, which includes Yahoo’s core internet business and real estate, is a remarkable fall for the Silicon Valley web pioneer that once had a market capitalization of more than $125 billion at the height of the dot-com boom. + +For Verizon, the deal simply adds another piece to the digital media and advertising business it is trying to build. + +The deal is expected to be announced early Monday. The price was earlier reported by Bloomberg News." + +http://www.wsj.com/articles/verizon-finalizes-4-8-billion-yahoo-deal-1469380974 +I need a lot of dental work done, the cost of which is around $30,000. I have been to three different dentists because I know it’s important to get a second opinion especially when it comes to dentistry. I definitely don’t have that money to spend but if I continue not to get the work done my oral health certainly won’t improve any time soon. I’ve been trying to decide between applying for credit cards or taking out some kind of loan so I can get the work done and pay it back a little bit over time. I’m just looking for any recommendations or reputable loan providers I could look into. Obviously putting yourself in more debt isn’t great but I’m seeing no other realistic options for myself. +This sub SADLY even though I return time and time again like an abusive relationship is like a second family. You have someone who spends countless amounts of time writing up information for the masses to digest and yet there still remains the constant annoying roach like pests who have nothing better to do than read quite literally NOTHING and talk trash. + +Stop falling in love with a ticker. Its past is not the now. Theres always potential money to be MADE. The fact that if you post GNUS, IDEX etc. And people automatically talk trash is STUPIDITY and ignorance at best. There are only a VERY few select tickers Id never potentially play. + +Learn to take opportunities thats are given and stop listening to the red nosed people. [Ie +22% on GNUS today what?!? How though it cant be so!] + + +*edit for to add..... go look through my post history if you wish. I post how many hours of work? For what gain? My bad for the rant shit just legit IRKs my soul +So i've always had a Commonwealth Bank account (thanks Dollarmites...) but I'm now looking at opening up an ING Orange Everyday account. I'm wondering should I keep the CommBank account for everyday transactions and have my salary paid into the high interest ING and then leave it alone. Or would I be fine to close the commbank account and use the ING for everything. I'll have to do the 5 monthly purchases with ING anyway... + +Just wondering how you all approach having multiple bank accounts, or not. Thanks +I have a credit card that I haven't used for a while: balance is thus $0. My roommate is saying that I'll still need to make a minimum payment every month, but this doesn't seem correct. Do you still need to make a minimum payment when balance is $0? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Stacking every month with fixed amount. Being doing this since October 2017. Decided to start a blog a year ago in order to motivate fellow stackers. This is a long game, no shortcuts, no get rich quick schemes. Instead, a get rich slowly scheme. Yes I know, don't dox your bitcoin amount. Stupid of me to do so, but necessary if I wanna tell this story. Happy stacking fellow plebs. Enjoy reading! + +[https://er-bybitcoin.com/stacking-em-volume-12-june-2021/](https://er-bybitcoin.com/stacking-em-volume-12-june-2021/) +I sent my green card, SSN, and a signed w4 form to a scammer, what can they do with it? + +I added a credit fraud alert, is that enough? + +edit: I freeze all 3 credit agencies, thanks guys! +Just saw this today and it blew me away. Check out this transaction of 420420.6969, which is about 1.9 millions dollars, being sent back and forth to another wallet about 30 times. + +&#x200B; + +https://preview.redd.it/dljyu0a44dg71.jpg?width=559&format=pjpg&auto=webp&s=3cb09fd3f1d30ad48776ac91f3dbeac2b917ee6c + +Tell me that isn't amazing. Nano works like how people who have never heard of crypto think crypto works. Stuff like micropayments, tipping and even regular retail shopping is futile when there are high fees associated. In my opinion, fee-less transactions are absolutely paramount for wide-spread crypto adoption and for it to be a true cash like equivalent. +Really tempted by the idea of one ETF buy without having to rebalance. I've been balancing myself up to this point. From my understanding XGRO and VGRO are philosophically the same but their allocations are different. (Basing it off of allocation mix [here](https://www.milliondollarjourney.com/vanguard-vs-ishares-all-in-one-etfs.htm) and [here](https://www.blackrock.com/ca/individual/en/products/239447/ishares-balanced-growth-coreportfoliotm-fund) and [here](https://www.vanguardcanada.ca/individual/indv/en/product.html#/fundDetail/etf/portId=9579/assetCode=balanced/?overview)) + +Does it make sense to sort of hedge one allocation mix against the other and hold equal parts in both? + +Does keeping all your investments with Vanguard matter vs Blackrock? My assumption is the company doesn't really matter since they are both so well established. +Just wanted to hear from people about investing in ETFs for better overall returns on a consistent basis. +For those who are able to pick individual stocks and have been successful in their pickings, what has been your overall rate of return year over year? +Most investment manager reports I read, they average around 8-12%. This could be my own selection bias and if there are managers reading this who have consistently made more returns, my apologies in advance. +I understand this approach may not work for investors who have certain screening criteria but for an average person, like me, who doesn't have all the research available at disposal and even if they do, they don't have anyone vetting it, wouldn't it be better for them to put their money into large ETFs (let's say SPY, QQQ, DIA) than individual stocks? +If all of these ETFs have given the same level of returns, why would investment managers try to find hidden gems (for more risk) when their returns, on average, are not going to exceed these large ETFs representing broad markets anyway? +I totally get it if people like doing research and understand the risk and want to yolo funds but for the most part, those investors that are looking for consistent portfolio growth, wouldn't they be better served by putting their savings in these ETFs? +My brokerage (Questrade) offers reduced commission fees when subscribing to their top tier data packages. Does this move commission costs (let's say, usually $9.95/trade) from being able to be deducted from my capital gains into a cost that is no longer deductible (e.g., $90/mo + now only $1/trade)? Is there another way to recover these costs come tax time? +Came across this ETF, looks really promising, but the volume seems pretty low. Are evolve ETFs any good? Are they any comparable ETFs on the tsx that focus on cloud, cyber security, tech and robotics? + +https://evolveetfs.com/product/edge/ +Hello, + +So I bought near the top. My investment has plummeted down to the floor lately. I'm down around 25% I believe. I'm not sure what to do right now. Take the L on this and sell? Or hold and hope for a recovery soon. Everyday it seems another 5-10% loss. +Shorted 5 shares of TSLA yesterday at $568.85, and bought a Mar12 695 call, with a delta \~0.05, for $1.80, as a hedge. Today I closed my short position at $674.46 for a loss of $528.05 and sold my call for $15.95 for a gain of $1415. Net gain was $886.95. Not to bad for being wrong :) +[Only 20% of Americans said they’d feel comfortable going to a gym as of July 13, according to a Morning Consult poll. Another survey, conducted by market-research firm OnePoll and commissioned by LIFEAID Beverage Co., found that 25% of Americans never plan to go back. ](https://news.yahoo.com/amphtml/pandemic-turning-americans-against-gym-155152975.html) + +We know about the 24 hour fitness and Gold's Gym busts, plus Planet Fitness is sitting on a ton of debt it likely can't repay since they were banking on long-term membership growth, but it's possible more Americans become active than ever before in a post-pandemic world. The explosion of digital workout platforms and home equipment could mean traditional gyms are no longer the main players in the industry to benefit from such a rise. + +Gyms won't disappear, but the fitness world, and subsequently the market emphasis, will look mighty different even with Covid out of the picture. +I feel kinda foolish for posting here, but I wanted to get some outside thoughts, since I'm more or less stuck. Maybe someone else has been in this position and can offer their experiences. + +I'm 41, single, no kids. I don't own my home, and I have a decent job that pays well. Based on a 4% withdrawal rate, if I were to retire now, I could pull approximately $5K/mo (after taxes) from my assets and be ok for a few decades if I decide to never work again. As far as I can tell, it's a pretty enviable position to be in. + +But I'm afraid to pull the trigger. If I want to stay where I am and live my current lifestyle, it's about $8K/mo (I live in a high COL area). But I can move anywhere and cut that drastically since I don't have a house here or a wife and kids who are bound to this area. On the other hand, if I move, I'd lose my social circle, which has grown more and more important to me over the past few years. I could move to SEA, Panama or Uruguay and set up shop, but I think I'd be younger than most of the expats that are living there, right? I'm sure there's a lot of folks from /r/solotravel or /r/digitalnomad passing through. I'd also need some new hobbies. Currently in my free time, I hang out with friends. If I'm not out with friends, I'm at home, watching TV or drinking or both. I like to read, but I can't see that being a fulfilling full-time hobby for 12 hours a day, 7 days a week. + +So what do I do? I can retire today if I want to, but I'd have to move and start a new life. If I quit my job, it's unlikely that I'd get another one that's this nice, so I'm hesitant to quit without some sort of plan. As far as I know, none of my friends are even remotely in this situation, so it's not like I can plan with one of them and hit the road. I also think the US stock market is a little overvalued right now, and I'm expecting a correction any day (then again, I started saying that in the fall of 2013 when the S&P was at 1800), so starting retirement right before the market tanks is a bad move. + +What do I do? Do I stay here, in the infinite loop that is the corporate rat race for a little longer? If so, when do I pull the trigger? Do I quit now and move? To where? How do I start a new life? What do I do in my free time without a job to occupy most of the day? + +Sorry, this became more of an existential post than a FI/RE post. But any advice is welcome. + +Edit: Thank you, everyone. Seriously. As I was typing out my post this morning, I felt like a bit of a heel and I was very close to deleting without posting. But you guys stepped up and have some fantastic thoughts. You're awesome. Thank you. + + +Everyone that was seriously trying to make a quick buck off GameStop and have now realized the problem with it are going to realize robinhood can do this whenever they like. This is the perfect ad for Bitcoin as a solution, as soon as this whole debacle is over I expect a big stampede to Bitcoin. Buckle up +I'd like to hear from the community and what they wish they knew when they first started trading and wanted to share some of mine. + + +1I wish I was taught price action when I first started trading, fully learning it has helped me a lot in where I am today with my trading. I used to be mr 10 indicators all over the screen giving me conflicting signals, etc. / + +Making my charts clean and focusing on price action (+ fibs) has really propelled my trading. + + +2. Another huge one is the MENTALITY that is brought to trading, as well as emotion management/regulation. My first mentor never taught me about all the greed, revenge trading, fomo (jumping in early, not waiting for confirmation), fear, etc that can affect us as trading. Thankfully I spent quite some time doing extensive research and created a working system to assist in this. + + +3. DON'T TRADE EARNINGS. Earning reports are 99% (in my opinion). Especially when you're trading options and knowing about IV crush and the GREEKS. + + +4. It's ok to paper trade as you learn the ropes. As I was learning I was using my real money, my first account I started with 200, doubled it to 400 in a week, then added 1000, and shredded $500. There isn't a need to pay the market tuition as you learn. + + +What are some things you wish you learned when you first started trading, and have you improved, or are you still struggling with them? +Hi There, I want to be able to make a life out of day trading ( i know it isn't easy by any means). Having done it for a while (with someone success) I'd like to read, watch, or listen to any material that would put me in the best position to succeed. That being said, ladies and gentleman of reddit, could you possibly provide me with a list of the study materials (i.e.books, info on chart patterning, audio books, video, forums...etc) that you recommend that would get me well on way to succeeding in this difficult field. Once again, i recognize that this isn't an easy career, and i know first hand that most people who even try, fail. Thats why i want to fully prepare myself as best as humanely possible so that i can have a better shot at succeeding. Anyways, \[;ease feel free to provide any books, guides, forums, suggestions, or anything that you might think will help set me on the right path. I am very grateful, and appreciate you all taking your time to offer me your invaluable wisdow. Also, for those fo you who found yourself in my situation (and succeeded) what did you do to succeed? how? What major mistakes did you make and how could you avoid them? how do you memorize most of the content in those books (a lot of them are quite long!) +Post inspired by LOKI, which is a great show btw. + +Looking back, this whole Gamestop saga could have played out in SO many number of ways. The MOASS could have been started way before. The shorts could have covered in Jan or in the March run up. + +But no, we're sitting here trading sideways in 6 months after the Jan spike, with super low volume, but this is the best set up we can possibly hope for, and here's why. + +1. **These six months was a natural selection pressure for the most diamond handed of apes to be left as shareholders**. Back in January, everyone and their mom was hyped about Gamestop and bought in, but following the drop, a lot of people got out. Same story with the March spike and dip. Most of the paper hands were shaken off. Those who are impatient and were looking for a quick buck probably were satisfied with their gains of 3-4x, assuming they bought in around $40-$50 in Feb, and sold at $200-$300 when it peaked again. Who's left? Diamond hands who refused to sell at $350, and who refused to sell during the dips, even down to $120. Then add in 4 more months of basically nothing happening, those who don't have the character and the grit would have sold out of boredom, and all but the most hard core apes have left. Thus, MOASS is going to happen with only hard core apes holding multiple floats worth of shares. +2. With these kinds of apes left holding GME, they have been reading solid DD for the past few months. **We had time to educate ourselves and uncover and shine the light on the corruption on Wall Street.** I estimate 90% of GME holders now know the situation and at least have some idea about SHF tricks, MSM fud, GME fundamentals, and the reason for MOASS. **These apes have hardened their diamond hands with knowledge**, and being able to look back at all the dips and realizing that there IS a huge community of like minded apes who are also not selling and not fearful. Apes now trust other apes. There is no other stock out there with the vast vast majority of their shareholders as knowledgeable as us about the stock and the market. We are HODLING with many wrinkle brained apes (don't sell yourself short, you have infinitely more wrinkles than other investors out there). If this squoze in Jan, we would have been like "haha SHFs git rekt, GME GO BRRRR." and that's about it. But instead we had 6 months of doing research and DD and now we've uncovered the biggest rehypothecation ponzi scheme the world has even seen, recognized that the corruption goes all the way up to the DTC and the SEC, and I for one will never put my money in US exchanges after MOASS. Saved myself from heartache from future manipulations. +3. **These 6 months have given Papa Cohen ample time and money to turn the ship around, wave his magic CHWY wand, and start the Gamestop transformation revolution.** The more time passes, the stronger Gamestop becomes, the higher the value of the stock based on fundamentals alone. Ryan Cohen was able to speed run CHWY from nothing but a dream and some investor money to a $3.35 Billion dollar company in 6 years. Imagine how fast he can do with almost $2 billion in cash, a fucking top tier team, and a brand name that is already globally recognized? Ryan's aiming for a new speed run record! It's only a matter of a short time where GME is worth $350 on fundamentals alone, and I argue that it already is, but MSM refuses to recognize it, and thus your average dumb investor doesn't recognize it as well. We actually don't need any catalyst to MOASS, solid business fundamentals alone is enough to trigger MOASS. +4. **Hedge funds are digging their grave deeper and deeper everyday, and added more and more powder to the keg every day.** If they covered in Jan, yes, their short interest would have been \~140% or whatever it was supposed to be. Apes wouldn't have been able to hold past $1000, and it would have been over. But since that didn't happen, the SHFs had no choice but to keep doubling down and to keep naked shorting to control the price so MOASS isn't triggered. That just means they just increase the total number of shares they have to buy back every single day, which will make the MOASS that much bigger and violent when it happens. If short interest was at \~140% in January, how much would it be now, after 6 months of continuously shorting GME? +5. **Apes have 6 more months to increase their positions.** I personally started out with xx, but now after increasing my own position as well as getting my wife and my mom to join in, together we're XXX. I imagine that for many of us it's the same story. We've manage to double, triple, or even 5-10x our initial position. Not only that, new apes who have discovered us and read the DDs have also joined in. Proof is in our numbers for this sub. We used to be just like 100k when we first moved in here. Now we're at half a million. We've increased our buying power for GME due to so many of us regularly buying. That's why the OBV never dips, despite share offerings done twice now (though some could argue that it was SHFs who could have timed their FTD covers at that time to keep the price from spiking.) Now instead of just 100k of us being multimillionaires from this, now there is at least 500k of us. And together we hold probably at least 2x the number of shares in the float. Even if half of us paper hand at less than [gmefloor.com](https://gmefloor.com), the other half will keep holding, leading to our beautiful infinity pool +6. **DTC and friends had ample time to work together with Blackrock and long whales to rewrite / change the rules so they aren't hurt / can profit from this.** If this MOASS just suddenly happened, who knows what illegal shit the powers that be would have done to chop us at the knees and stop the MOASS from happening because they were caught off guard. But now that the DTC and friends had time to prepare for the MOASS with their many many filings, and now that Blackrock and their long friends has finished their set up to swallow their competition when MOASS hits, it's in the long whales best interest for MOASS to start and bankrupt our SHF losers like Citadel. We now have the long whales solidly on our side. +7. ***We got to see a dude shove a banana up his ass.*** + +Thus, rejoice and be glad MOASS is taking so long to occur. It will only happen once in the history of stock trading, and the more time passes, the more spectacular MOASS is going to be set up to be. + +I leave you with a verse from the Gospel of Gamestop: + +DFV 7:14 "I like the stock." +I thought I'd post this because almost every discussion I've read online regarding stock markets talks about how the markets going up doesn't reflect the state of the economy, how we see jumps in the market based on bad news such as record unemployment and so on. Yes many economies are in terrible shape right now, rife with unemployment, productivity loss and contractions in consumer activity. While for some it may only be temporal, others are going to have to deal with the underlying structural issues that always existed but have only now manifested. I personally think Australia falls in the latter boat with the construction/real estate industry unless either further drastic measures are taken by our federal and state governments, or cashed up foreigners are given a clean slate to buy up all our property. + +Regardless, not to go off on a separate topic, there is something I feel a lot of people aren't considering when discussing current market activity. That is interest rates around the world, and particularly those in developed economies which are at record lows. The cash-rate in Australia is 0.25%, the US is 0.25% and the UK 0.1%. Switzerland is -0.75% and the Eurozone's rate is 0. + +Finance 101 teaches you that there are two primary interests you can hold in a company. A debt interest (creditor) and an equity interest (shareholder). Companies are legally obliged to pay their creditors back their principal and any interest agreed upon, while shareholders own a part of the company but are not actually guaranteed any return. Therefore it's obvious that a debt investor/creditor has superior rights as they will receive their payments irrespective of the company's profitability. Shareholders however are only entitled to payments out of the company's profits or distributions of assets. + +Given the nature of the payments an investor could expect to receive from both security classes, it is evident that a debt interests are far less risky. For an investor to choose an equity investment over a debt investment, the rate of return on equity must be greater than the rate of return on debt to the extent that they are willing to bear this risk. + +What does this mean? When the rate of return on debt is lower, it means the rate of return on equity will be lower too since the point at which an investor is willing to accept risk will be proportionate to their debt return. For example, Investor X decides they will only become a shareholder where their return on equity is **twice** that of their return on debt. + +1. Example A - Interest rate is 3.5%, Investor X requires a 7% return on equity. +2. Example B - Interest rate is 1%, Investor X requires a 2% return on equity. + +So now when you take into account that interest rates are at an all time low around the world, it becomes apparent that equity returns don't need to be particularly high to form a viable alternative to debt investing. + +Lets say you can invest in a term deposit or savings account and get a 1.5% p.a. return. Ignoring tax, after 3 years $100,000 in that account will become $104,567. Now lets say you bought $100,000 worth of shares in Bank Y at a price of $100. A fundamental analysis of Bank Y would suggest it's overvalued as it's P/E Ratio is absurdly high, something which is magnified by the economic downturn due to Covid19. Bank Y has a really rough Year 1 and makes a slight loss. Year 2 is better, but given projects were put on hold, it decides to retain the profits for reinvestment. Then in year 3 once things get back on track, Bank Y announces an unfranked dividend of 5%. Let's make an overly simplistic assumption that Bank Y's stock price dropped in prior years, but at the time of it's dividend it returned to $100. That $100,000 investment is now worth $105,000 and exceeds the 3 years of consistent returns in the savings accounts. + +Obviously this a cherry picked example to put a point across, but it highlights that a company not paying a dividend for 2 years and then paying a regular pre-covid dividend will still yield a better return than 3 years in an average market TD/savings account. + +I've also noticed people like talking about how there's always a dead cat bounce / bull trap before the 2nd drop comes. Well, I don't think we can be too confident about that second drop coming. Unlike in previous years where interest rates were far higher and investors could pull their money from the market and put it into risk free debt investments, doing so now simply isn't as viable now given the severe reduction of rates. + +Now while I can't with any certainty say that there will or won't be a drop in the future, my point is more that I don't think it's necessarily right to say that the market's movements don't reflect the economics. It's just the economics we're used to aren't what they used to be. +Took a $6,000 @18% variable personal loan via commanwealth bank to help pay for my first car about 18 months ago. + +Made it over 7 years so my weekly repayments would be quiet small ($34 pw). My initial plan was so smash it out in 12 months but obviously that didnt happen. + +At the time I didn't realise the ride they were taking me on, I was a negligent 18yo. Anyway I'm now 20 and decided to look into my loan. + +I've paid off $2,000 and additionally paid approximately $1500 in interest and other fees, so I still owe about $4,000. Its fucked up, the interest is killing me. + +I'm a little uneducated in finance so I was wandering, do I have any other options to potentially lower my interest rates? + +TLDR; dumb 18yo took personal loan @18%, being smashed by interest. What can I do to lower this? + +PS; They offered me upto $50,000 @18%. Feel horrible for any youngin who falls for this trap. + +Thanks guys. + +Edit: wow, wasnt expecting this much feedback. Really appreciate it 👍 +If you think about it, we have very little to lose compared to them. Technically they've already lost (money & their egos). Even **"IF"** the stonk were to go to "0", most of us would only be out thousands of dollars, which we can easily make back eventually. Those guys are burning millions of dollars per day to manipulate this shit. And they've been doing this for like 2 years now. I can't imagine how bad it really must be for SHF. They will never make that money back, EVER. + +We have minimal risk in this with possibly unlimited upside. So why be worried? The price is down 30%+...so what? Down 50%+...who cares. They're down worse. Always have been and forever will be. + +I'm not selling until they're cell-ing somewhere. My money is in the Gmerica bank earning crazy interest every day that those idiots continue to dig their grave deeper. I'm zen. + +We go **BOOM** soon! +https://www.cnbc.com/2022/03/10/deutsche-bank-says-not-practical-to-exit-russia-business.html + +Without doing options, my broker knows I am a retard, how can one profit from DB's decision which I bet will be roundly panned. Surely sanctions will force them to divest, for even less. +I keep hearing about crypto but I don't understand it so I'm asking for some help. So why do people invest in it? I know all investing is kind of like gambling but with stocks there's some tangible thing you get. Most stocks pay out dividends and in theory if a stock is undervalued then some very rich people will buy the stock because they want a partial ownership of the company itself which creates a scarcity that drives up prices. So there's something tangible there (ownership plus dividends) but with crypto I'm confused. What do you get? I hear people invest in it cause it's the "future currency of the world" but then wouldn't it be a bad investment because for a currency to function I'd have to stop all its volatility and become mostly stagnant like the us dollar. I also hear that people invest in it cause they are investing in the block chain technology but bitcoin isn't a company and they don't have any patents so how is it investing in the block chain? Is crypto just a pyramid scheme/gambling ring or am I missing something. Is it a worthy investment for someone a bit more risk adverse? +My fellow apes. You've all done perfectly. This is not financial advice. + +But everything right now is too perfect. + +Please be aware of this. + +If I were a hedge fund right now I would be co-coordinating a fake squeeze. This is the only sure fire and likely way to cause most retail investors to exit their positions. This is also the easiest way for them to join in their fight against us longs and diamond hands. I am certain this will happen soon. + +What will happen? + +Hedges will continue to allow the price to rise, 300, 400, 500. By this time the whole world will be back into buying GME and it will potentially go to $900/1000 a share on momentum alone. At this point half of Wallstreet bets (the new paper hands) and potentially this sub WILL sell half, if not all their shares. I don't like this idea anymore than you do but this is likely to happen. Most people have lives and bills to pay and $1000 a share is too attractive. + +From here, the hedgies, along with the sell off with mass attack the price down easily to probably pre 100 numbers. Much like a month ago, then we will be back to another long wait. This is their only way out. They will be able to buy back shares and would possibly even start shorting again. Sure the main squeeze won't have arrived but this will have put so many shares back into circulation for them. Meaning we will have to wait much longer for the real thing. + +How does one counter this? + +Acknowledge this is coming and stop looking at the share price as a number. 💎🙌 forever - this is the only way. You have to be the strongest psychologically you've ever been for an ape. + +I believe in you all. Good luck. + +💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 💎🙌 + +TLDR: The share price probably won't shoot to 100k a share without another huge hedge attack to drive most people to exit their position with a more attractive exit price than the first gamma squeeze. +Posting this here because maybe I can help someone else NOT fall for this BS. + + +Going down the road today on my way home and I get a phone call; caller ID says its my bank, USAA. I answer and this nice young man and I had the following conversation: + + +THIEF: Mr Sumo, this is USAA's fraud department. Have you just attempted to make a $1000 purchase in a Target in Denver? + +ME: Ummm... nope. I'm literally in Texas right this minute, so no. + +THIEF: OK, sir, I'm going to quickly authenticate you with our system. You're going to be getting a text message from us with a PIN, I need for you to read that to me. + +(I get a text message from USAA, my phone recognizes them from previous security checks, so I think I'm good, right? Nope.) + +ME: I read the PIN + +THIEF: OK, thank you.... hang on my computer is being slow.... + + +We had a little more conversation but here's the gist of this: While he was calling me, his buddy in the next room was on the phone with the real USAA telling them that he needed the account PW reset. They, of course, sent a two-factor authentication PIN to my phone. I read that PIN off to my guy, who fed the other guy and BOOM, they were in. Clever girl. + + +Before I could pull over to handle this I had a flurry of emails from the bank in my mailbox: + + +- Your account PW was changed. +- Your account name was changed. +- Your security questions were changed. +- You added Joes Blower as a payee (the literal name they used!) +- You transferred XYZ to Joes Blower (this one repeated for several attempts) + + +Understand that I work professionally with computers and am super skeptical about most things. I stay up to date on scams and security. My radar was up the entire time I was chatting with him and I STILL walked into it. From my POV this was the real deal. + +The part that I missed, and the part I want to convey... Large companies like this will almost NEVER call and start asking you for info. What I SHOULD have done was this: As soon as he mentioned the Target transaction, I should have said thank-you and hung up, then looked up the number for USAA's fraud and called them. I thought this was them, I fell for it. + +The credit union is already working on returning the cash. Because these guys didn't try transactions here in TX the bank shut things down pretty good and the thieves only got a few hundred. I'll get that back. But now I've got a shiney new login that I have to use and worries about what info they might have seen while in there. Yay! Plus, USAA is sending me one of their nice two-factor key fobs that would have stopped this. + +Strangely enough I just read a few weeks ago that SMS PIN's were hackable. I thought the article meant that you could hack them electronically. I never expected a literal man-in-the-middle attack!! +I have 30k that I’ve been holding off to invest in the market. However, Kanye and adidas terminated their partnership, meaning yeezys will not be made as they are now. + +They will become more rare. + +I want to go on StockX (a shoe reselling platform) and buy 30k worth of Yeezys. + +Since it’s a physical asset it could also be a good hedge against inflation. This is probably a safer bet than 90% of strategy’s on this sub. I’m wondering if anyone has some insight? I think in this market it might be the best investment I can make. + +The Nike Yeezy line which was also discontinued has gone up a ton in value from what I’ve seen. Is this a no risk guaranteed bet? + +Here’s a quote from an article I read, “Resellers predicted the price of Yeezys could jump nearly 50 percent, which would put the shoes at an average of $400 per pair” +Take a step and feel massive confirmation bias on this point. BR has been liquidating the fuck out of a lot of positions (hence why gme as a % of portfolio doubled in Q1). If they didn’t sell in jan, which could’ve explained the >100% inst ownership numbers, they will certainly see this through. And more than the OS is held for sure now. This is a massive data milestone that I have been silently worried about, and everyone should realize how bullish this is. And don’t give me bs about we don’t need Blackrock etc that’s not the point, if you can’t appreciate the significance dont comment bruh +TL:DR: updated list of brokers that *do not* lend shares. + https://www.reddit.com/r/Superstonk/comments/oajg67/629_list_of_trading_platforms_that_will_not_allow/?utm_medium=android_app&utm_source=share + +I'm transferring to Vanguard and called them. 45 minute wait for a call back but whatever. I asked them LOTS of questions, namely, will they ever lend shares out. The answer was something like this: We are one of the few trading platforms that will not participate in stock share lending, ever. Your stocks are your stocks. + +I'll take them at their word and I'm initiating my transfer. Now my question tomorrow to Webull when I call during business hours, will be the same thing. Will they ever lend out shares. I will post back if anyone is interested. + +I'll sleep better tonight knowing my stonks are safe. For now. + +Here is the list: https://www.reddit.com/r/Superstonk/comments/oajg67/629_list_of_trading_platforms_that_will_not_allow/?utm_medium=android_app&utm_source=share +When I first got into crypto I was instantly consumed by it and the opportunity’s i missed of making some real life gains, so consumed that all I’d ever do is research for opportunities of making some real life gains that I don’t want to miss. + +Whether that is endlessly looking for fresh news on Twitter and reddit or constantly checking the volatile prices trying to day trade from it, i was hooked. + +Don’t let the endless chase for money steal you of your most precious asset. TIME +time you could spend with your kids, time you could spend telling your parents you love them or however you want to spend your time, time is quick and you should invest in it the most before your time up. +SafeHorizon - Bringing financial freedom to apes, safe and confirmed moonshot beyond the horizon. + +Today I present you a 4 hour old coin that has already netted significant gains for investors. Yeah, you heard me right: a 4 hour old coin and just about to break 1000 wallets. This is what HOGE should have been all along, on BSC so low fees, 10% tax for liquidity and staking benefits, and more importantly: you are early! + +Simple yet POWERFUL Tokenomics! + +By holding Safe Horizon in your wallet, your token balance automatically increases per transaction in and out of the wallet. Automatic passive staking that benefits early holders. 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Other exchanges incoming soon!! + +🌈Telegram: u/SafehorizonBSC + +🌈Twitter: twitter.com/safeBsc + +🌈Website: [http://safehorizoncrypto.com/](http://safehorizoncrypto.com/) + +🌈Reddit community: [https://www.reddit.com/r/safehorizon/new/](https://www.reddit.com/r/safehorizon/new/) +My wife wants to be a stay at home mom within the next 2 years, but is currently working a job. We have a budget and live off my income alone and are saving her income entirely. My question is are there any good financial moves to start considering before this time comes? + +Right now we’re close to paying off all debt to eliminate monthly payments from the budget, we live in a house with mortgage below what we can afford, and are planning to contribute to 401k at both jobs. We will likely contribute max amt to HSA to save for medical expenses down the road. What else should we be considering, other than investing the rest in a retirement account? +Does anyone out there have a chronic health condition they have to work into their FIRE plan? + +In my case, I have an autoimmune disease that is very expensive to treat. Currently the retail cost of the medication is \~50k. My current commercial insurance through my employer covers most of the expense, and the manufacturer offers copay assistance to cover the rest. However, I'm trying to figure out how this would work in a FIRE scenario. Trying to plan ahead to get a more accurate FI number, but also want to find options if the present economic/pandemic environment forces me into early retirement sooner rather than later. + +The manufacturer offers assistance for uninsured patients as well but I would hate to be dependent on a program that may not always be around, plus I'd have no insurance to cover anything that could happen in addition to this condition. + +Many of the ACA plans do not cover this medication (Enbrel) from what I've read, or they charge you close to full retail price for it. ACA will very likely not be an option, though it would still let me use the co pay assistance which can offset about \~12k per calendar year. + +At the moment, I think my best option is to not retire full time and try to find a part time job with benefits. + +Edit: Thank you everyone! All the feedback has been amazing. It's great hearing from others going through something similar. Seems I might actually be better off looking into ACA after all, but budgeting for big premiums/out of pockets expenses. The manufacturer might help offset that. + +As a back up in case ACA goes away, I may seriously look into retiring in another country. Something I had been considering anyway. + +Also, I went back and added more details since the wording of my post was causing some confusion. That's what I get for hastily typing up my initial post on my phone. Hope this helps! +So I purchased a leasehold flat two years ago for £89k. I knew a Leasehold was risky and the service charge was already on the high end (£1880 a year) but I I think I was seduced by the flat itself being relatively nice and the low mortgage. + +I’ve been wanting to sell anyway because it turns out the sound insulation is terrible and the neighbours are driving me insane. But I was hit with a bombshell right after Christmas when the leaseholder sent me a bill for £1990 for six months servicecharge in advance with that amount to be paid again in six months. Yep, they’ve more than doubled the service charge to just under £4K for this year. + +Ostensibly this is to add to the reserves for a roof fix they plan to do in five years time. (which doesn’t make much sense). The letter infers that it will only cost this much this year, but I don’t trust them for a second to subsequently lower the price again. + +I feel essentially fucked. I want to sell but I can’t imagine who is going to buy this place when they take one look at this service charge. It’s more than the mortgage per month. I essentially have two options: + +1. Try and fight the service charge, it seems incredibly unreasonable +2. Sell at a huge loss. Likely have no money left and move back in with my parents. + +Any advice on rip off ground rents would be appreciated. When this is all over I’m never, ever touching a leasehold flat again. +Sorry if this isn’t entirely on topic for the sub - but it does sort of relate to finances and I spend a lot of time here! + +I’m a 34 year old solicitor in a big firm. I’m completely burned out - I have no motivation anymore, I cry all the time, I’m just feeling completely done with all my clients and their demands. I’ve tried therapy, antidepressants and changing firms and nothing seems to work. + +I was on the FIRE path. I hoped that if I could hang in there another 5 years then I could pay off my mortgage and live off my savings. But I no longer feel that this is possible. I can’t keep going another five years and with my current performance, I’ll likely be fired anyway in the next year. + +I’ve just reduced my mortgage payments (by increasing the term). As a result I probably have 24 months of expenses in savings. + +My question is how bad does it look to quit without anything lined up? My partner and family I should get another job before I quit - but as I’d be looking at much lower stress/lower pay (entry level) jobs, I’m a bit worried that my three month notice period makes it pointless to apply, as I assume the people recruiting those positions want someone more quickly. However, I do realise that just leaving might be seen as a negative. + +Thanks, all. + +Edit: thank you everyone for your advice - I really do appreciate it. I’ve had another heart to heart with my partner and he’s on board with me quitting if that’s what I need to do for my sanity. I’m going to give it a couple of weeks (big deadline at work next week which I can’t, ok won’t, just sack off and drop everyone in it) and then decide how to proceed. + +How can last week be so green in the US given what’s going on. The liquidity issue isn’t a concern anymore because of unlimited QE but that isn’t going to protect businesses and workers when they all go bankrupt. + +Corona death numbers are doubling every two days and it’s at 3k TODAY!!!!! By Easter it’ll be over 500k of deaths - how is the market going up - once the big money starts to sell the markets crashing +I don't own rental but I'm in the market to buy a house shortly. I currently live in Japan. I want to get a rental and earn passive income here as I ultimately intend on retiring here. As a US citizen, I know that I am legally obligated to claim income sourced from foreign locations. + + **Disclaimer** I am not about to consider committing tax evasion. Given I am US military, it would be entirely unwise and would probably cost me my job. This is entirely hypothetical. + +I am just wondering. If I purchased a house in a foreign country, collected rent in the local currency, and had all cash flow through a local non US bank, how does the US know I am collecting that income unless I tell them? Like I understand that I am legally required to claim it as income, but how would they even know if I.... just didn't? +I know it depends... + +“Most people overestimate what they can do in one year and underestimate what they can do in ten years” -Bill Gates + +I bought a commercial property 3 years ago, and earlier this year I got two residential units. I feel like I’m in a rush to be a real estate millionaire- and I think when I’m in a rush mistakes will be more likely to happen. My goal is to own 10 sfh’s and eventually parlay into a small apartment or 2. + +For those of you further along in your career, how long did it take to build financial independence? Or at least enough income to exit your day job? + +I’m getting hung up on saving for the next place each time. +How do you go from 2 properties to 50? Should i be taking out heloc’s on the existing properties after a certain point and using those funds as down payments on new properties? If so, at what point would i be safe to do that? IE, when the loan is 50% paid off? +I've been depositing 1k each month to my Wealthsimple Invest account for over a year now and want to move on to DIY. My new plan is to start putting all my new money into XEQT with Wealthsimple Trade and leaving the 20k I have with Wealthsimple Invest for now. + +&#x200B; + +However, I want to know if there's anything I should know before doing this. I get that I'll have to be doing the work such as buying the ETF, I'll have to do my own rebalancing, I'll have to keep track of my 2 TFSA accounts, I get all that. But is there anything I'm missing before I pull the trigger? Anything I should keep track of (TFSA/RRSP/personal)? I've heard of people using AdjustedCostBase, which I've never had to use with Wealthsimple Invest. I haven't found much talk about the move from robo to DIY investing, so I want to know what I'm getting into. Am I overthinking this? +Since Ben put out his model portfolio, have any Canadian alternatives to AVUV and AVDV miraculously appeared? Or is there some other configuration of CAD funds that mimic his spread? Ive sifted through this and other subs/sites and the info is mixed and unsurprisingly not definitive. An all in one 5 factor etf would be a dream for a lazy investor like me... +Let's be real here, there is no way in h\*ll that the bank of Canada would let our country end up like Venezuela. If it needs to jack up rates like crazy, it will be a heavy pill to swallow but it will be done. + +In the meantime however, while the central bank is in the process of monetary tightening, say there is a recession due to everything being so expensive. + +People simply cannot afford it anymore and there is a pullback in consumption. Less consumption = less profits for companies = layoffs = higher unemployment = recession. + +In ordinary circumstances, the central bank lowers rates and turns on the printing machine. + +We, however, are not in normal circumstances and are instead in a high inflation environment. + +In such a scenario, the central bank will have no tools to fight the recession, they can't lower rates when we are already struggling with high inflation. + +Is deflation, hyper-deflation, and a great depression the real concern here now? +Hello. + +I am a young investor adding $6k to my TFSA this year. I'm looking to invest in a strong Canadian business with decent dividends and long-term growth. I already have TD, BIP, T, and CM in my portfolio. I was looking to add maybe AQN. May I ask what your thoughts are? +I'm 22, been investing for about 2 years but just want to know a question regarding a hypothetical situation. + +If I held a stock for more then a year in my TFSA(wealthsimple) and get somewhere of 100k and then sell the stock and try to transfer the 100k directly to my bank account what would happen? I know with transfers of 10k above are reported. This may be a stupid question sorry. +If you could only pick 1 or 2 growth stocks on the TSX, which would you pick? + +I have $5k to play with but I don't want it to be a compete YOLO with bad risk to reward profile. Currently looking at LSPD, GFL, CTS, and may consider an ETF like TEC once tech stocks cool down a bit, or a longer term "contrarian" play like VRE. + + Any suggestions would be greatly appreciated. I will do my own DD. +Hi, I just started buying dividend stocks and I am wondering where to put them, and i hear conflicting things. + +One says in a non registered account because I can claim dividend tax credits federally and provincally on my taxes, and the other says in a tfsa. + +Which is the better option? +I am assuming, if interest rates go up then prices of houses go down. However because interest rates are up, less people are able to borrow because of which the rents will go up. Am I right in this assumption? + +Also, would this assumption be consistent across all states? + +Cheers~ +I've been with HBF for years and I'm considering getting rid of private heath insurance because it costs me thousands of dollars and I went into the dentist the other day and my health insurance company (HBF) were willing to cover about 15% of the cost of some basic stuff even though I have both dental plans. I just don't see the benefit here when I still need to shell out thousands of dollars out of pocket anyway? It would have been about a $120 difference without HBF, I don't see how paying $100 a fortnight is worth a $120 saving once every few years +I've been with HBF for years and I'm considering getting rid of private heath insurance because it costs me thousands of dollars and I went into the dentist the other day and my health insurance company (HBF) were willing to cover about 15% of the cost of some basic stuff even though I have both dental plans. I just don't see the benefit here when I still need to shell out thousands of dollars out of pocket anyway? It would have been about a $120 difference without HBF, I don't see how paying $100 a fortnight is worth a $120 saving once every few years +I've been putting my taxes off because it was messy. But my accountant texted me at the start of May to remind me my taxes are due for lodgement May 15th. + +I frantically got my stick trades in order and have sent off my tax reports to my accountant as of yesterday (as this is what she has asked for). + +However, she has since gone silent. Which normally wouldn't be a big deal. But since it's so close to the deadline... + +Am I able to ask the ATO for an extension?... Will I go to jail if my taxes aren't lodged by the 15th. +Long story short, I was basically raised in a privileged family and am on my own now, but realized something today. Although the people in my family have a lot of money from inherited business/business ties they actually don't really spend their money too well. For instance my one family member that has a salary that's astronomical says he has no retirement fund or savings and needs to keep working at his business to sustain himself (I feel like this is very unusual since he has very extravagant expenses such as belonging to multiple country clubs and having many vehicles/houses). + +&#x200B; + +I feel like I've been misled on how to spend my money and it's made my life hard. For instance, the last car I've had was a lease. I was told to lease by my fam that claimed it was a cheap option, and it seemed good as a monthly payment and I didn't really think about it too hard. But now I can't believe how much I would've saved if I had just put that initial payment down on a used car that was decent and could last a long time as opposed to a relatively new car that I'd only have for 3 years. I'm not someone that really even needs to be driving a new car. They just told me that was how it's done so I just assumed it was the way to go for some reason lol + +&#x200B; + +I know nothing and am financially illiterate. Is there a place/website that teaches people better financial skills. Sorry for the long post but I think I only now just realized that some bad habits have been ingrained into me (after hearing that one family member has no retirement fund and little savings \[which is the most absurd thing I've ever heard\]). + +&#x200B; + +Please be nice, I know this post might sound ridiculous. I just want help. +Looking for advice on things I can do to accelerate my path to fatfire. Currently: age 29, net worth is about $2M (1.6M in ETFs and 400k in cash) plus another $400k in retirement accounts. I work in tech and my income has grown from $100k/yr when I started, to about $900k/yr now. I expect to stabilise around $1m/yr this year and not grow much beyond that. My partner works in corporate finance and earns about $140k/yr. We live in a very high COL area. + +Given my situation, I’m looking for advice on things I can do to diversify my investments and accelerate my path to fatFire. All my income today is purely from my job. I feel like I’m in a good position to take on some higher risk investments or do things that will allow for passive income. My FatFIRE number is ~$7.5M. At my current rate that will be in 10 years, so looking for any advice y’all might have that accelerates that. Thanks in advance! +My career started very slow, then the past few years I saw a rapid increase in my salary from $120,000 to over $240,000 this year (over about 3ish years). [So kind of like this](https://www.researchgate.net/figure/Fitted-log-normal-cumulative-distribution-of-Figure-6-Fitted-log-normal-cumulative_fig3_29488258) + +Now I think it's starting to plateau and may not go much higher (unless it does, which would be awesome). The only offers I'm getting on LinkedIn these days are for $100-$120/hour. I'm not sure if anyone in my industry is getting paid $150/hour, maybe VPs and Execs, but that's another 10-15 years away for someone like me. + +I think the only way for me to make more is to start my own consulting firm and get contracts that way. Or maybe get an MBA which would help me to get a management-level position which would definitely have a lot of career potential (I only know one person with my skill set and an MBA, and she's not even doing much with it), and that could be expensive *and* put me out of the workforce for 1-2 years. That's an opportunity cost of approximately $480,000+. Alternatively, I could also do a part-time MBA, move to a college-town and buy property, and keep doing my job. + +Has anyone else experienced a salary-plateau? What was your strategy for getting over it? +Here comes Elon giving people a chance to actually be able to buy stuff with Bitcoin and people are upset because "YOU SHOULD HODL YOUR BITCOINS DONT GIVE IT TO ELON" + + +Dude, you can buy a freaking car with Bitcoin... What are you planning on actually doing with yours? Not spend it/ convert it? Then why even have it? People should be happy this is even a thing. +Say a very wealthy company or individual decided they want to put a market order for the rest of GME stock and takes all the remaining float off the market, then asked for $1000/share and there are nobody sell for sell orders. Wouldn't the price skyrocket and short seller go into margin and need to buy back GME? Is there a law that prevent this from happening? +I’m being asked for my thoughts on transitioning from employee to owner after one of the co-owners retires or is forced to retire. Could really use some input on how to best answer some questions I’ve been asked by one of the owners. + +Background: I’m a significant driver of revenue for a company I’ve worked at for 20 years. It would be difficult but not impossible for the business to succeed without me there. There are currently two 50/50 co owners. Owner 1 getting old and contractually owner 2 who is critical to the company and a very smart guy (my boss) is able to have owner 1 (who is old) retire and be forced to sell his stake. The company’s revenue is volatile. Each year we need about $22MM in revenue at 30% profit margins before we break even. This covers all of our overhead including owner base salaries. This is our revenue for the past five years: + +* 2017: $18MM +* 2018: $23MM +* 2019: $39MM +* 2020: $27MM +* 2021: $30MM +* In 2022 we project we’ll only be at $19MM. + +Though we are working to diversify, we are over-reliant on one customer that amounts to 70% of our revenue. Younger owner 2 (my boss) sees that older owner 1 is quickly losing his effectiveness and at the same time recognizes I’m ready for change and more responsibility. Owner 2 has been bringing up ownership very generally with me and with a couple of other critical employees in the company. I’m not sure I’d be comfortable co-owning with these others due to their abilities. + +I do not know how the finances would work of me coming in as owner. How I would buy in has never been discussed. + +My gut tells me to answer these things aggressively for now, pending detailed info on how it would work. By that I mean ask for 49% ownership, no ESOP with other employees, 2 owners and no more. I’m not even sure I’m comfortable co-owning with the volatility. I’m being asked many personal questions but here are the five I’m struggling with: + +* What percent ownership are you interested in? (Ok to discuss in terms of “immediately/short term” vs. “long term” answers may, or may not, differ. Ok to answer in terms of “minimum / maximum” or “range of percentages” if a specific percentage is not known) +* How many people do you think “should” own the company? In other words: what size ownership group are you comfortable with? Currently, there are 2 – the question is: what # do you think “feels right”? +* How do you feel about becoming an owner through an ESOP (vs. a selected/smaller ownership group)? +* What concerns/reservations/hesitations might you have about becoming an owner at this time? +* Do you have questions for me at this time? + +If you’ve read this far, thanks a lot. Any input would be very appreciated. I’m experienced in my role but have no knowledge of ownership succession. +As a 23 year old with $125k in student loan debt, working a shitty minimum wage job, I decided a few months ago to try an experiment. Having been lucky with my timing on BTC in the past, I decided that each week when I got my paycheck, I would use ~10% to buy some btc. + +Flash forward 5 months and while I'm scraping some donut grease off of a nasty tray I figured I'd check my phone hoping for good news. Couldn't even believe my eyes. Finally because of BTC I'm ahead of my student loans! Just wanted to share my experience! +This absolute joke of a coin uses super outdated technology. All the mining is centralized and only the US government cna create new USD. Furthermore, it has been proven insecure and illicit genesis transactions have occured. Furthermore, the coin supply is not limited and the coin is meant to be inflationary!!! That means holding this coin you will lose money every year! I have never seen a bigger fake hype. I would not accept this coin! Be extremely aware. +I am unamerican so I have to pay $10 per trade so I seldom trade. I recently have a cheaper broker that lets me trade at $2.99 per trade and I find myself trading a lot more. I no longer have to subject myself minimum purchases of $4000 to reduce my cost basis and end up trading and speculating a lot more. + +What about you? +Hi beautiful apettes and apes, + +most of you know us by now, we, the team of [WWW.DRSGME.ORG](https://drsgme.org) have set ourselves the goal to make DRS known beyond the borders of Reddit and to cause a revolution in finance. It's been just under 3 months since we went online. Those who know us have surely witnessed how we have been working hard every day since then to make the site more comfortable, more user-friendly and also more useful for everyone. + +It has been admittedly very difficult for the team in the last few days as we have to deal with hate messages, threats and insults on a daily basis. We are ridiculed and accused of being crooks and rip-offs to top it off. + +We understand that it is very difficult to earn the respect and trust of the community. We are confronted with corruption and crime on a daily basis here in this sub. But we have nothing like that in mind. + +We have always said that we have full transparency about the fundraising campaign. Why don't you visit our sub page and click on the "Campaign Progress" button to get details about the payouts of the donation page, the planned campaign and keywords etc? + +Our 2 marketers, [u/Keichavik](https://www.reddit.com/u/Keichavik/) and [u/pmxller](https://www.reddit.com/u/pmxller/) are full professionals and make their money from these topics. We are always ready to discuss with you at eye level and with proper manners. We will not comment on hate comments or stupid taunts. Feedback is always welcome, we would like to keep you updated on the status of the campaign in the coming days. + +**Allow me a personal note on the side:** + +I've learned a lot along the way, I've made friends, and I can't wait to visit them in real life. We are a team of independent and self-thinking GME investors who work as a team of designers, writers, project managers and much more. All of us do not earn a cent from this project. We do this in our spare time, so sometimes we may not respond immediately. Please understand that. I would also like to thank the moderators who treated us fairly and are friendly. We have been in exchange with the mods for some time and we also know that our posts are sometimes discussed very controversially - I ask you all to be friendly and fair with each other. We may be apes, but we should be civil to each other. + +**So yeah, check out our Campaign Progress and let us know, if you have any questions.** + +PS: Sorry for my bad english (I heard enough jokes about that the last days, lol). +Just think how fast we’re gonna lock the float, +If they drop the price to under $50 its gonna be at three times as fast than on $150. + +Also don’t forget insiders bought at around $100, imagine how much they would buy at 50-40-30-20$ (if we would reach that low ever again lol), also GameStop have located around 100 million for share buybacks should that ever be neccessery. + +We have zero to worry about, the stock dividens split is coming, the marketplace is coming and probably much more that we may not even know yet. + +If you get worried about the price dropping, lock your phone/computer, go drink water, go for a walk and go ZEN. + +No one is selling, apes got apes back. +Love ya’ll crayon eating bastards! + +El Salvador has been steadily dumping USD from its reserves since [October 2020](https://tradingeconomics.com/el-salvador/foreign-exchange-reserves) + +Now it announces buying BTC for its reserves amongst news of impending US inflation + +Source: https://tradingeconomics.com/el-salvador/foreign-exchange-reserves +I read few articles but I guess what I am not understanding is + +1. when we say Feds print money and buy Treasury bonds or Mortgage backed securities, what's the collateral Feds put to print this money ? Is it gold ? How printing money is balanced against world's ( China, Euro, Japan and all ) currencies ? + +2. How this money printed by Fed ends in stock market ? + +Any explanation is helpful. + +**I'm an Old\[ish\] Guy** + +I don't even know how Reddit works. I've got a friend who tells me I'm crazy for being a part of this. But I've been through a whole host of crazy market events: + +* *Dotcom crash* +* *9/11 crash* +* *housing crash* +* *COVID crash* +* *and now, the meme stock short squeeze* + +Financially, I've made out well in every scenario for being a contrarian (financially disciplined and often betting on the long term upside during short term catastrophes). Here I am, again taking a positive position with contrarians. This time against the notion that Gamestop as a company is done. Against the notion that it should be shorted into oblivion by the Hedgehogs. Against the notion that "smart money", that those with immense financial resources, always win. Against the notion that the system is rigged against the retail investor, from the days E\*TRADE was airing ads of the retail investor throwing bricks through bulge bracket firms' windows (cannot find a link to this commercial) to the days that RobinHood made a similar marketing promise. + +**What We're Up Against** + +It's hard to imagine the scale of the money involved, so I'll give a hypothetical example. For a sense of scale, if I had 10 billion dollars on one side of a stock trade, and the slippery morals, I could put out $1,000,000 contracts to have FIVE THOUSAND GME apes assassinated, and still come out with $5B remaining. If you have doubt about short ladders, media manipulation, character assassination, brokerages restricting trades, or LITERALLY ANYTHING ELSE being possible, I hope my example illustrates what else is possible with that much money. + +**Wisdom and Typical Behavior** + +Having been through all of the above, I know that people in power do EVERYTHING they can do to maintain it, legal or no, ethically shady or no. And--to their advantage generally--the mob is like a flock of birds, each following the tail feathers of the one in front of it. Sometimes people in power harness this truth about groups of people, sometimes they attack it. We've seen a little of both in this situation. But what's unique here is that there are many birds in this flock that fly North in the springtime because they have a strong Reason to. + +**Fundamentals of the Company vs Fundamentals of the Market** + +I may not understand the intricacies of the market, I may not know all the factors that tie a share of a company to the fundamentals of the company. For the most part, I agree with Mark Cuban that they are these days much divorced. + +But...I do know how supply and demand works: people who buy GME and hold own the supply, people who shorted the stock are saddled with their chosen demand. That's a fundamental of the market that was exposed by this movement, and its effect is undeniable. + +**The Trade** + +When I read about WSB buying GME and others because the meme was funny, the nostalgia was real, and the short squeeze was possible, it appealed to me. I took a < 10% percentage of my portfolio and moved it into GME, AMC, and BB (in that order in percentage, and I've consolidated those positions into GME fully since in order to focus). I categorized the trade mentally as a "do or die", that is it either moons or flatlines (binary trade). Thus, at the onset my goal was set. + +**This is the Way** + +I had a gut check when GME went over $400, because like many others, it was a huge return. I also had one last Thursday when the price sunk to $140. But I didn't sell out, because that wasn't my reason for the trade in the first place. As a do or die trade, I will hold it long after the memes stop coming, the nostalgia wanes, and hopes of a short squeeze fade...or until my patience allows me to watch it moon. + +Why can I hold rather than "cut my losses"? Because it was a binary trade from the get go. There was no loss limit. I'm financially disciplined and that's the decision I made at the onset when I chose to do it the diamond hands way, the autist with retard strength way. + +**My Reason** + +And while it's funny AF to be a part of this history (I bought shirts for my fiancee and her boyfriend, and I contributed to the commercial GoFundMe, and now I've even dusted off my Reddit account to attempt a post), there's a deep source of my retard strength: Reason. No, not reason as in it is reasonable. Quite the opposite. I'm stubbornly unreasonable. + +My Reason is that I bought in because I've also seen a lot of vampirism of the ultra wealthy on those who get by. I witness the parasites of Wallstreet hoover trillions during the aforementioned market events while the rest of us paid for it. I've seen student debt requirements and interest rates rise drastically all the while. I've seen the media bought and paid for and weaponized against us a hundred times over. I've seen money change hands for a pandemic relief that didn't relieve those truly in need of it. I've seen countless efforts by regular people to take away the controlling levers the ultra powerful use to prey on them squashed. Over and over and over again. I've said, "It's not right, but it's the way of the world" and, "If you cannot beat them, join them" tens of times if not hundreds. Be the world as it may, when something isn't right, you call it out for what it is. And sometimes, when you can, you devote a bit of your own small share of power to it. That's my Reason. + +**I Hold.** + +Don't waste your "concern for me", don't try to tell me about the "next Reddit trade", or try to tell me about any of the other misinformation campaigns out there. Ultimately since the strength of the GME short squeeze relies on people holding, efforts by bots or shills--it makes no difference--to get those holding to sell are in essence advocating for the other side of the trade. Moon or die, I won't be on that side of this trade. + +**"I HOLD." -- me, every damn day since this started.** + +In fact, I bought more today. + +***TL;DR: I went into the trade with eyes wide open as a high risk, high reward trade. I usually don't take on these "bets", but this one resonated with me because of the vast amount of class injustice I've witnessed in my life. Doesn't sit right with me to either sit on the opposite side of this trade or on the sidelines. So I hold moon or die. Naysayers can GTFO of here.*** + +*Obligatory: I'm not a Financial advisor. I just an autist holding with retard strength despite all the reasons since I have my Reason. I hold enough GME to buy a decent used car (not a used Lambo though), and a smidgen of AMC as of yesterday.* +[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/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +These stats are pretty crazy: + +http://thereformedbroker.com/2016/05/15/global-ageing-stats-will-blow-your-mind/ + +You know what I'm gonna ask. What companies and industries are well placed to capitalize on this trend? + +EDIT: my approach is to invest in healthcare REITs like VTR and HCP. +Every single articles about mutual fund indicates that one should not look at past performance of mutual fund to decide on if it would give good return. But none of the article actually suggest what exact criteria/ metrices/ ratios we need to look at. + +Below are the criteria suggested by few fellow investors and my opinion about it +1) TER (expense ratio) : This keeps changing almost every couple of weeks. Not sure why do people look at it only while starting SIP and then just forget about it without realizing that this ratio keep changing. + + +2) AUM: Everyone seems to assume bigger the better thingy. How do you define the term 'Bigger'? + + +3) Past performance : Already mentioned that this can't be used as deciding factor to choose mf. + + +4) Suggested by cousin/ friend : Well... Yaah... I won't comment on this 😅 + +5) Fund ratings + + +I'd like to get your opinion/ views/ methodology on which you decide what mutual fund to select or reject. Do you guys look at any other things/ ratios? + +Please note that I'm aware of types of mutual funds etc etc. For simplicity lets assume we are deciding on which large cap fund to invest in. If you are suggesting any particular fund, please elaborate the rational behind it. + +Edit: Added fund rating +After going through all the screeners and valueresearchonline, I see that a significant part of the stock analysis is based on what they report in the annual/quarterly statement. How can one be sure that companies are not fudging the statements? If my analysis is based on fraud, my outcome is going to be worse. How to protect against this? +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Hello investors, we (smallcase) launched a new sentiment index yday in collaboration with ET NOW to gauge the greed & fear on the street + +You can check the current value, along with how to use the index here http://mmi.smallcase.com + +The video of the launch along with more info here +https://www.youtube.com/watch?v=rIq_X4gKXhI + +Would love feedback & comments on the same + +Best, +Vasanth +Not complaining. But was expecting a drop after the downgrade news, and instead we have a 0.05% return. Does it take more time for the effects to show? +Was just curious to see how fellow people in the forum decide to sell a stock. +At what % gain/loss do you draw the line? +And if for say you have a certain stock at say 80% gain.Do you look to hold on to it? Or do you look to sell it and move to another stock? +Anywhere I can find information on a particular industry? Such as, Who are the players? (Market Share etc) Most factors could impact growth? What sort of regulation is there etc? And also some sources for company specific data. +Hi, + +I am 24 years old and I had invested a substantial portion of my portfolio in mon100. + +Currently it's not tracking Nasdaq properly(today nasdaq was down 4% but etf was up 2%). + + I am worried if this is going to be the case for long time. + + +My question is that is it worth to invest in it now? +Also, it's my first time seeing this thing happening. Will this stock lose the value since tracking is not happening property? +Hi Redditors, + +I have been thinking of engaging a fee-only financial advisor for investments. I understand one needs to share personal/financial data about self to the advisor for financial planning. + +If you have engaged a financial advisor please can you share how your experience was? Were you asked for some info that made you uncomfortable sharing? + +Thanks +As per Bogle’s 3 fund portfolio one should divide their investments in 1) a domestic index 2) an international index and 3) a bond index. Let’s focus on the first 2 points for this argument. + +IMO this advice makes sense if seen through the lens of an investor in the US. But as an Indian investor, our domestic market is largely correlated with the international market. Am I really diversifying by splitting my equity investments 50-50 in the Indian and the US market? + +What are the arguments in favor of long-term passive investing in the Indian market? Why shouldn’t I go all in on the S&P 500? +I'm quite new to this IPO game. I don't know why the previous IPOs such as *Burger King*, *Mrs Bectors*, etc., didn't excite me very well. + +Then I came to know about this **Anthony Waste Handling Cells** company which is gonna be listed on coming **January 1st.** + +I've read their financials and amazingly it's performing well. I personally like to invest in *green companies*. According to my research, their peers haven't yet listed. + +So, kindly place your valuable perspectives about this company down this post. + +TIA :) +With Christmas being around the corner, my wife and I have finished buying all the gifts we were planning on giving. We have our own budget on how much we’re going to spend on gifts. For us, we select those we want to give gifts to and then assign a monetary budget for each of them. But it made me think, how do others budget for gifts? Or is budgeting for this limiting the amount of gratitude we are giving (ie. should this even be budgeted?) +Earlier today Texas Senator Ted Cruz took a stand in favor of crypto currency. + +In a world full of unlikely heroes I'd like to say thank you to the **Zodiac Griller** + +[You're welcome](https://preview.redd.it/lq180bdri2g71.png?width=440&format=png&auto=webp&s=d42178d839c7eeb41dd3c73fafcda2733218b4fc) + +Here are the tweets! + +https://preview.redd.it/cilfk9kvi2g71.png?width=817&format=png&auto=webp&s=02ededb17e865fbda1292704f47104feec88ac9f + +https://preview.redd.it/gtqbjityi2g71.png?width=817&format=png&auto=webp&s=80c617788488898e29f6f0be33f5d1c902d4acfe + +Keep doing your part! and vote in the polls! +I attended a conference at the University of Nicosia organised by the ruling political party (DHSY). + +The University and the Cyprus Stock Exchange were very positive about this. Neo & Bee officials said that they will give any assistance needed. + +The Chairman of the State Stock Exchange said they lack knowledge of bitcoin and will welcome any help from the University & Neo. + +If they manage to do this, Cyprus will become the center of the bitcoin world! + +Check the presentation of the University's CFO, Dr. Christos Vlachos, here: + +http://www.paideia-news.com/content/files/62452025.pdf + +Especially page 13 where he talks about the proposal of the University that has been made to the Cyprus Government to make Cyprus the center of the bitcoin world! A real visionary!! + +Here is a translation of page 13: + +**PROPOSAL TO THE CYPRUS GOVERNMENT FOR CONVERTING CYPRUS INTO A WORLDWIDE HUB FOR BITCOIN TRADING & PROCESSING + +We believe that Bitcoin offers a significant opportunity for innovation and development: we would like to see Cyprus using its powerful human and academic capitals to become a pioneer in this regard. + +All that the state has to do is to create a regulatory framework for Bitcoin businesses in Cyprus: this will eliminate/reduce the risks associated with digital currencies such as counterparty risk. + +We can create an entirely new industry in Cyprus based on Bitcoin and digital currencies. + +There will be major foreign investments in the economy, large annual income from its trading in the official Cyprus stock exchange and creation of new jobs. + +Zero investment from the government. + +The opportunity will not be there forever . Already other countries make similar moves e.g. Singapore , Switzerland , Denmark.** + +***TL;DR:*** ***What action(s) has the new head of Enforcement at the SEC, Gurbir S. Grewal taken since assuming his role on July 26, 2021?*** ***We need regulatory reform to address the naked short selling and manipulation of our markets! Gary Gensler may want to enact change, but the entire self-regulatory system needs an overhaul before retail investors see substantial change in protective oversight.*** + +&#x200B; + +https://preview.redd.it/irvopv8s0d381.png?width=288&format=png&auto=webp&s=d7bba5427278628af979a3e3896dd90c1151f695 + +**Regulatory Capture** + +**Regulatory capture is an economic theory that says regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The result is that an agency, charged with acting in the public interest, instead acts in ways that benefit incumbent firms in the industry it is supposed to be regulating.** + +Regulatory capture has had an ever increasing impact on our financial markets. Financial regulators, like FINRA, DTCC, OCC, tend to consist largely of industry insiders, have overlapping interests with industry, and act primarily in the interests of those whom they regulate. Financial market deregulation, at the behest of the industry, in the run-up to the financial crisis, combined with the retention of taxpayers guarantees for banks and the dramatic series of monetary and fiscal bailouts, are widely believed to have contributed greatly to the U.S. housing bubble and ensuing Great Recession of the 2008 financial crisis. + +&#x200B; + +**Regulations Regarding Naked Shorting (USD GME shares)** + +[The Financial Industry Regulatory Authority (FINRA)](https://www.investopedia.com/terms/f/finra.asp) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and [broker-dealer](https://www.investopedia.com/terms/b/broker-dealer.asp) (BD) firms in the United States. Its stated mission is "to safeguard the investing public against fraud and bad practices. It is considered a [self-regulatory organization](https://www.investopedia.com/terms/s/sro.asp). + +The [Securities and Exchange Commission (SEC)](https://www.investopedia.com/terms/s/sec.asp) is responsible for ensuring fairness for the individual investor, and FINRA is responsible for overseeing virtually all U.S. [stockbrokers](https://www.investopedia.com/terms/s/stockbroker.asp) and [brokerage firms](https://www.investopedia.com/terms/b/brokerage-company.asp). The SEC oversees FINRA and acts as the first level of appeal for actions brought by FINRA. + +The SEC *banned* the practice of naked short selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities. Prior to this ban, the SEC amended Regulation SHO to limit possibilities for naked shorting by removing loopholes that existed for some brokers and dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in [failed to deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) (FTD) shares. + +*GameStop’s shares, GME, had a reported short interest (SI) of 220% of its float earlier this year (as reported in the Robinhood court documents). Short interest is the volume of FTD shares that have been sold short but have not yet been covered or closed out. Further to this, the* [*SEC report released October 14, 2021*](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) *on Equity and Options Market Structure Conditions in Early 2021 clearly recognized that GME shares were shorted more than 100% of its float (page 25).* *This is a clear indication of* ***naked short selling***\*, also referred to as creating synthetic or counterfeit s**hares. What has been done to address this?\* Nothing**\*.\*\*\* + +*Also note the definition of FTD - shares that have been sold short but have not yet been* ***covered*** or *closed out. There are many strategies to hide FTD through* ***covering*** *in lieu of closing positions, and there are many documented deep dives (DD) into how GameStop's FTD and short interest is much higher than reported due to the utilization of excessive derivative based covering strategies to hide the true SI and FTD of GME.* + +Reddit library of DD: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +&#x200B; + +***What is Regulation SHO?*** + +Regulation SHO, enacted by the SEC in 2005, established “locate” and “close-out” requirements. Rule 200(g) of Regulation SHO requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs. This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +*Example: a BD was fined for mismarking 96% of a certain hedge fund’s short sale orders of two separate issuers’ stock, totaling more than $250 million, as “long” or “short-exempt.” This mismarking allegedly generated $1.6 million in brokerage fees to the BD. The effect of the mismarking was that the hedge fund was able to sell the securities short even though it already had a short position in the securities and did not borrow or locate additional shares to sell short. Of course, selling the stock can also drive the price of the stock down, resulting in short positions becoming more profitable and being detrimental to owners of the stock who are long on the company.* + +*Citadel, as a market maker, has to accept all buys and sells, gets a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, Rep. Vicente Gonzalez (D-TX) pointed out that in 2020, Citadel violated the Security Commission’s Reg SHO, the rule regulating short sales. On November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. Citadel did not admit or deny the allegations but paid the fine.* + +&#x200B; + +**The Manipulation** + +Manipulation is the “intentional interference with the free forces of supply and demand”. A manipulative trading strategy corrupts the market’s price formation process to generate a riskless profit (Jarrow, 1992). Stock market manipulators use a variety of devices, such as releasing false information about a company into the market, and employing trading strategies that impede the price formation process, such as naked shorting, wash sales, matched trades, and painting the tape; all of which inject misleading trading information into the market, to move market prices in the direction that benefits the manipulator (Thel, 1994). + +[***Financial regulators***](https://www.investopedia.com/articles/economics/09/financial-regulatory-body.asp#state-insurance-regulators) ***that are supposed to provide oversight of the markets to protect investors rarely enforce many of the rules. When the rules are enforced, the fines or consequences are so minor as to translate to a slight breeze in the face of a hurricane. Officially, it remains profitable to break the rules and just pay the fine. Market makers (MM) and short hedge funds (SHF) are known to treat the fines as just a cost of doing business.*** + +&#x200B; + +>Canada's self regulatory governance has its issues too: +> +>*The Auditor General has found the OSC regulator has* not *alerted the public to many potentially risky investments, and has failed to collect the majority of fines it imposed over the last decade.* +> +>Bonnie Lysyk says in her annual report that her office looked closely at 35 of the 2,029 cases between 2016 and 2021 that *the OSC took limited or no action on after being alerted to problems* by other regulators and whistleblowers. +> +>Lysyk's office found that in almost *half of the cases* it analyzed, the OSC had *sufficient information* to issue a warning about potentially harmful activity to investors, *but didn't.* +> +>When the OSC did find wrongdoing and imposed fines in other cases, the auditor general found the regulator often failed to collect money. +> +>Lysyk says another audit carried out by her office revealed the *OSC imposed $525 million in fines between 2011 and 2021, but only collected 28 per cent of that money*. +> +>***She says the OSC's collection rate is so poor in part because it*** **lacks the power to seize assets** ***from those with unpaid fines.*** +> +>*Note: This is from the Canadian Press. December 1, 2021. \[Link in comments\]* + +&#x200B; + +# TL;DR; No deterrent by way of regulatory oversight or fines for the manipulation in our market! More reason to Buy, Hold, DRS & 'Share the Story'! + +# If you can, on other social media platforms beyond reddit - 'Share the Story' of the Manipulation, the benefits of DRS, and the need for Regulatory Change! + +&#x200B; + +***Opinion Only. Not advice. Do your due diligence to make an informed decision that is right for you as an individual investor.*** + +*Edit: Removed message to shills.* + + DISCLAIMER *:* Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein +Anyone? Bitcoin has hands down been the worst investment I have ever made. Granted I only put in $5k so it is not even remotely the end of the world. Average price per btc was $700 +Is it safe to assume that one pays about 10% more income tax on non eligible dividend income as compared to eligible dividend income from Canadian sources? Of course it will depend on total income of individual, the state one lives etc. but in general is there a ball park number that one can use to compare the difference between + +A Canadian eligible vs non eligible dividend income + +and + +B Canadian eligible vs US based non eligible dividend income +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? +I’m newer to investing and over the last 4/5 months I have become increasingly more cautious about increasing my current positions or starting new ones since everything is trading at all-time highs. + +My main strategy is dividend investing. Is this something to only worry about for short-term or growth portfolios? + +Interested in your thoughts. +As we are all aware the Canadian government chose a "pay first ask questions later" method of distributing benefits for people in need during covid. In this blanket approach many people received benefits that shouldn't have. I don't see how CRA will be able to scrutinize each account individually. I suspect they will also use a blanket approach in determining who will have to pay it back and they probably won't add penalties just to prevent being swamped with files and also to be "lenient". What do you think? Will CRA take aggressive action or not. + +And for the record I was lucky to be fully employed during the pandemic I'm asking out of curiosity as this has never happened before in my lifetime. Thanks +I‘m an absolute beginner, so maybe there‘s a simple answer to that. + +I‘m talking Apple, Nike, Google, Microsoft, Gazprom, Walmart, Google, Adidas, Tesco, McDonalds etc. + +Those are just big names I googled and almost all of them had grown immensely over the past 2 years, some of them solid 50%+ + +Am I being too selective? I feel like investing in the 5 most common street brands 5 years ago would‘ve made you a fortune by now +My parents (61M and 61F) are both unemployed. Recently, my mom is hit with a severe debilitating issues that needs assistance 24/7. My dad decided to quit his job and take care of her full time. They have a very small nest egg bit their medical bills and other expenses are adding up. + +They meant well, did honest hard work, yet they aren't fiscally savvy, mentally agile, and basically good in life in general. This of course, lead to me shouldering most of the work at a very young age. + +I have obtain medicaid for them, set up treatment plan, and took care of all insurance related matters. + +Adding to that, a year ago, their house burned down completely because my dad mis-wired a recessed light and caused an electrical fire. I then have to make arrangements for insurance, builder, and took care other legal stuff. + +Honestly, I am TIRED. Realistically, my aging parents situation is going to compound and they are quickly relying on me more and more. + +This past year with the house fire and mom's illness had taken a toll on my work as well. I had taken a 4 months of work off, spent thousands of dollars on transportation (flights/hotels/co-pays). Mentally, I am drained too because my mom keeps asking me "when am I going to get better to 100%?" And truthfully, it's never and she starts throwing a fit like a kid. + +I am only 28 years old and I am just starting my career. I am relatively fiscally responsible (no student loans, PhD in engineering, 401k, Roth IRA, high interest saving account etc). However, my savings for a house just got drained in the past year. I can't help but feel jealous of my friends talking about weddings (that I can never afford), moving to a new city (that I cannot experience due to caring for parents), and partying (that I don't have time for). + +Sorry, this turned into a rant. PFers, how do you prepare for your aging parents' retirement? + + +It's also a cautionary tale for people with children: if you do not save enough for retirement, you become a liability that can hinder the next generation. If you love someone, take care of yourself first. + + +NinjaEdit: wow! I didn't know this would blow up. Thank you so much for all your amazing support and constructive criticisms! To give more info, my parents did offer to take a loan against their 401k but I refused. At 18, I got 2 PT jobs and later a well paying 1.5 yr engineering internships to pay for tuition and living expenses. A bunch of scholarships/grants covered the rest. As for PhD, I got a awesome opportunity to get hired as FT industry researcher with tuition reimbursement. Also, I am a girl so.... clock is ticking 🙄 +Hello fellow apes! I am a college student ape and like most of you all, I have been diamond handing for months, slowly growing wrinkles in my brain. I've been granted access to a Bloomberg Terminal and have been digging for info on GME and something stood out to me. Please take a look at the information I am about to present to you all and I would greatly appreciate any input. + +&#x200B; + +**Bloomberg Info:** + +Recently while digging through GME ownership, I found out that as of 6/30/21, an institution by the name of CTC LLC sold off all of their long positions in GME: + +https://preview.redd.it/mlcusuwdb0e71.png?width=2880&format=png&auto=webp&s=fc1200c7b2811f41add54faec28bef8feaeb051c + +https://preview.redd.it/qbpga83fb0e71.png?width=1592&format=png&auto=webp&s=fe4e845f926a11cef3c63162b9efde3c304a969b + +Second largest position is in $IWM + +https://preview.redd.it/optmnx5gb0e71.png?width=2346&format=png&auto=webp&s=aaaf70e282510a2ea106646522a2c173effc994a + +As of 6/30/21, they also hold call/put positions in GME: + +https://preview.redd.it/vtwx5wqib0e71.png?width=2304&format=png&auto=webp&s=fe0136c3bf9e62162180c87455d7866c5c38c53c + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Collaboration w/ Citadel?** + +&#x200B; + +https://preview.redd.it/gppuyhglb0e71.png?width=1420&format=png&auto=webp&s=9cc73556e89fb86dd65dfb3693f75a88d8c4539c + +Comment on CBOE regulation: SR-CBOE-2016-082 + +[^(https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082-1588079-132159.pdf)](https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082-1588079-132159.pdf) + +https://preview.redd.it/qga612rzb0e71.png?width=1322&format=png&auto=webp&s=aacf0aad53d8f74d1038c74784c75989e0172732 + +https://preview.redd.it/0ogt9o60c0e71.png?width=1320&format=png&auto=webp&s=d245dd2cdd62d0fa14ebf35b383f864c6d848bcd + +"While we appreciate the Nasdaq's interest in clearly-defined open outcry trading procedures, the Firms believe that the questions raised by Nasdaq are not pertinent to the immediate issue addressed by the CBOE Proposal..." + +* Citadel, CTC, and Friends believe that concerns/comments raised by the Nasdaq are not relevant and encouraged the immediate approval of the proposal + +https://preview.redd.it/15rdaxp1c0e71.png?width=570&format=png&auto=webp&s=833a1de24d6bd9b4dd8e06a57531fbf3c066d3a2 + +In reference to Nasdaq comment: + +[^(https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082-1439544-129951.pdf)](https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082-1439544-129951.pdf) + +https://preview.redd.it/b6m0hx53c0e71.png?width=1148&format=png&auto=webp&s=6b7a4079bbcaf41b8c3196e48f1cea4d1cf99444 + +"Nasdaq believes CBOE's proposal has both competitive and regulatory impact to other markets, specifically other venues that offer floor trading. Nasdaq's request for clear principle governing the proper application of priority and trade-Through requirements to floor trading in standardized options would address this inter-market disparity." + +* This is in reference to the use of PAR (CBOE's Public Automatic Routing System) : + +[^(https://financial-dictionary.thefreedictionary.com/Public+Automated+Routing+System)](https://financial-dictionary.thefreedictionary.com/Public+Automated+Routing+System)[^(https://financial-dictionary.thefreedictionary.com/Public+Automated+Routing+System)](https://financial-dictionary.thefreedictionary.com/Public+Automated+Routing+System) + +https://preview.redd.it/74tt7b25c0e71.png?width=1444&format=png&auto=webp&s=110e4f19c4138ba5b63e92359a790d43ed3f9b74 + +https://preview.redd.it/z58htyg6c0e71.png?width=1180&format=png&auto=webp&s=1d2718f80d42ede27cc416e76bdcf2fb6b690ff9 + +"While off-Floor trading is systematically prevented from violating priority and Trade-Through rules, on-Floor trading does not have similar protections as it relates to Floor Brokers. " + +* Nasdaq notes that Phlx's FBMS (Floor Broker Management System) does more to allow for "fair and orderly trading" through "consistent application of priority. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**FINRA Report on CTC LLC:** + +[**^(https://files.brokercheck.finra.org/firm/firm\_44597.pdf)**](https://files.brokercheck.finra.org/firm/firm_44597.pdf) + +General Info on CTC: + +&#x200B; + +https://preview.redd.it/q9mgcnuac0e71.png?width=1442&format=png&auto=webp&s=c4f66558b076b5fca5a2b70f280cbb8d81a2f977 + +https://preview.redd.it/85ryrebbc0e71.png?width=1428&format=png&auto=webp&s=3276e201ac991867777bca2f1b71db0d861fe91b + +https://preview.redd.it/e5cx1czbc0e71.png?width=1408&format=png&auto=webp&s=b00d8ee639a7b821d3f0a0b472a0d44065144a7c + +https://preview.redd.it/elcwabccc0e71.png?width=1452&format=png&auto=webp&s=eb1922b6e036f2a8c94700dd6299c04d7f2e9169 + +* CTC LLC is in common control with CTC Wealth Management and both fall under CTC Holdings +* CTC Consulting, also operated by CTC Holdings, was acquired by BMO Wealth Management who are responsible for running family offices (going to ctcconsulting.com redirects to BMO) + * Is CTC collaborating w/ BMO to make the rich richer? + +&#x200B; + +https://preview.redd.it/xwc87fmdc0e71.png?width=2028&format=png&auto=webp&s=25f4d65025d162e565a42553b51bc3c39eba91bf + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Meat & Potatoes - CTC's Illegal Activities (FINRA Report continued)** + +* According to the report, there are 16 violations dating back to 2002. + +Here are just a few: + +^(Link to view full report of allegations:) [^(https://files.brokercheck.finra.org/firm/firm\_44597.pdf)](https://files.brokercheck.finra.org/firm/firm_44597.pdf) + +* Mismarking Positions (Long as Short & Short as Long): + +https://preview.redd.it/803y9cdic0e71.png?width=1466&format=png&auto=webp&s=44d95650651a2c508ad23c8a4bba039fe1bda0f0 + +* Failure to Grant Priority to Bids: + +https://preview.redd.it/o312u5vic0e71.png?width=1456&format=png&auto=webp&s=e1c0457a45856951961d04438ac37e8582ced195 + +* Misquoting: + +https://preview.redd.it/d5qvo6tjc0e71.png?width=1442&format=png&auto=webp&s=24012bb6c52b0d75d5048d466338bdb357653c1e + +* Order Manipulation (early termination): + +https://preview.redd.it/tu4nkd3lc0e71.png?width=1456&format=png&auto=webp&s=4a0c9cc94e11947087af48d1c8ed4abebd50b4d1 + +&#x200B; + +The list goes on...... CTC commits all these crimes and are only fined a few thousand dollars.... + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +TL;DR - CTC LLC has ties to Citadel and BMO Family Offices. Furthermore, they have been let off the hook so many times with their illegal activities. Like our beloved Shitadel, they have likely been manipulating the market to wring profits for their wealthy friends. There's a lot of shitty people out there. Thesis has not changed. MOASS incoming. HEDGIES R FUK. BUY & HODL. See you all on the moon. <3 + +Edit: Obligatory not financial advice. Purely speculation :) Ape knows nothing🦧 + +Edit 2: Formatting error with some images + addition of CTC position in $IWM +When the pandemic hit in 2020 and I started working from home I decided to use the money I was saving on travel and food to max my 401k contribution. I increased the percentage I was putting into my 401k to reach the max before the end of the year, not calculating it carefully enough to make sure I'd be contributing on each paycheck, just that it would get there. + +I had not given it much thought and left it at the same % this year, which will lead to me reaching the max by the end of October. Checking back on what I earned last year and what my employer contributed it appears I shorted myself ~$140 in 2020 missing the employer match on my final paycheck of the year, and will short myself ~$600 this year missing the match on my last 4 paychecks. + +**Is there anything I can do to recover any of that?** I think with the paycheck that's processing today for the past two weeks I'll be under $160 away from the max, so spreading out my final contributions for the year will yield a little less than ~$10. If I had figured this out a month ago I'd probably have been able to space it out enough to earn it all. + +Unless there is some other option that I'm unaware of I guess this is more of a PSA about not maxing your 401k before the end of the year if you have an employer match. I'll have to pay closer attention and adjust my contribution % each year to make sure I don't hit the max too early again. + +**Edit: After spending some time bouncing around between people on phone calls I found that my plan does not true-up, but if I elect to spillover and do post-tax contributions thru til the end of the year those will still be matched at the same %. I have now reduced my elected contribution % to what my employer matches which will get me to the 401k max by either the end of October or the following paycheck, and turned on spillover so that I continue to contribute after-tax at the match % so I don't miss out on any of the free money the match provides this year.** +Just got an email for my broker responding to a couple inquiry's. OMG I'm pretty elated right now. + +https://preview.redd.it/thfpu5mhjtr61.png?width=945&format=png&auto=webp&s=14bffee29e6453dea3c7384de34555fb5cf8a92e + +In response to the MOASS preparation thread I think it would be very smart to contact your brokers to make sure your share will be covered in the case of the the big short squeeze. + +&#x200B; + +Canadian apes on the rocket FTW +Seriously, it's free money, but you have to actively go collect it. + + +I wasn't paying much attention to the crypto world for the last couple of days, and I almost missed hearing about the UNI airdrop. This is the official Uniswap governance token. Most of the people on here should qualify (you need to have been using Uniswap since before the 1st of this month). + + +The market cap is relatively low right now, under $300mil, but I've heard estimates of around $1bil by the time the airdrop is complete. So not that low, but it's free and has potential to go higher. + + +You can claim an automatic 400, just for having used Uniswap, and you will get more if you were providing liquidity (I got 400.09 total, yay, lol). Somebody got like half a million (in USD worth I believe) just because they had been providing liquidity since the early Uniswap days. + + +It was worth $1400 USD, 3.5 ETH, when I got mine, so it is definitely worth the time and effort. You will need to pay the gas for the transaction, so make sure you have at least 0.1 ETH. + + +https://twitter.com/UniswapProtocol/status/1306385710434451461 +Wanted to kickoff my Reddit posting career discussing one of my favorite topics \- CryptoMoonShots. What follows is a brief list of what I'm watching this coming month. I will attempt to keep this as objective and informational as possible, and will try to minimize time spent on price, exchanges, liquidity, etc. Treat this as my personal highlights reel that can act as a springboard for your own research, if so interested. + +For full transparency's sake, I have marked the tokens I hold as of posting with a \(\*\). I hope that helps, as I know not many people trust newer members. Open to other feedback and suggestions as I would like to continue this series. + +**LOW CAP \($0 \- $24m\)** + +* \*Insights Network \[INSTAR\]\* \- One of the first dApps that will launch on EOS, Insights offers the chance to earn tokens by sharing data, responding to surveys, etc. The team is set to put out v2 of it's app this week, including an iOS release. Founders of Partisia and brilliant minds behind SPMC \(Secure Multi\-Party Computing\) are on the team full time, not just advisors. The team is incredibly hard working and produced exceptional outputs on schedule. Price still well below ICO. +* \*Hade Platform \[HADE\]\* \- Stock Market Analytics \+ Media company applying its more traditional experience to crypto. Failed ICO and underwhelming price performance, but have recently improved communications and are approaching a couple milestones. Look for a big hire \(possibly Mark Lynd?\), token burn, and product releases in the coming couple weeks, including HadePay and HadeMatrix. They aim to become the "Bloomberg of Crypto". Not yet on CMC, but the team has teased upcoming exchanges, which should drive the necessary volume. Price still well below ICO. +* Devery \[EVE\] \- Many forget that this ICO sold out in less than 20 seconds. Recently EVE announced partnerships with both the UN to track school lunches in Tunisia, and one of China's largest retailers JD .com. As blockchain use\-cases for product verification and tracking look to be on the forefront of adoption, companies like Devery will continue to excel. On the roadmap for may is the Alpha of their reading app, support for third party developers, whitepaper revamp, and expansion of Devery partnership network and ecosystem. + +**MID CAP \($25m \- $74m\)** + +* Switcheo \[SWH\] \- Cross\-chain DEX focused on NEP \+ QTUM tokens for now. Will implement ETH pairs before NEX launches. Transaction fees in SWH are discounted and automatically burned through the smart contract. The team's presentation at the NEO Amsterdam meetup was powerful. Expect regular announcements of SWH burning to drive the token value. +* Republic Protocol \[REN\] \- Darkpool Testnet in Q2, with Mainnet launch in Q3. Young, bright, professional team. Potential to make decent returns running nodes. Recently announced 100k REN is required to run a darknode and it looks like participating in Testnet guarantees a spot in Mainnet. It's to be determined if KYC will be required to run a node, and the team is speculating that they may provide increased incentive to those willing to run liquidity nodes. +* ShipChain \[SHIP\] \- Didn't get as much attention because they opted for a private sale and airdrop, but I feel that this is one of the stronger teams in the blockchain space, with Roger Crook, an ex\-CEO of DHL, as their CSO. While it's still rather early in the development and employment of their platform, I get the sense this is a gem. Don't currently own, but will be looking to accumulate over the next couple weeks. + +**LARGE CAP \($75m \- $150m\)** + +* \*BLOCKv \[VEE\]\* \- Powerhouse team with a mature, working product. Recently released the Beta of their developer portal, and are onboarding 20 dev groups every 2 weeks through Q2, until Q3 when the public version of the platform is released. Most recent partnerships include an interactive Alienware drawing and a popup experience at the Sky Marketing & Innovation awards, in tandem with ESI Media. May will see more partnerships and developers come online. Personally, I am in love with the idea and potential. +* \*Apex Network \[CPX\]\*\- Founded and built by the successful Chinapex team. Originally planned to be built on the NEO platform, Apex recently announced the engineering of its own blockchain and token ecosystem with a new website and whitepaper. Over 350 premier clients under Chinapex; CEO has mentioned they plan to take 20 companies \(of 70 applicants\) for blockchain trials beginning in Q4. More details about the DPoS structure, Supernode qualifications \+ tiers are expected to come soon. Very recently announced they were working with Maserati on blockchain trials. I personally wouldn't be surprised if we saw enterprise supernodes in 2019. I included this in MoonShots because the team has hinted there are more major exchanges coming in May and it's very rare to find an infrastructure coin outside the top 100. +* SONM \[SONM\] \- This company has been chugging along rather quietly for some time now. There is little question that their engineering team is capable of executing their expansive vision, but historically communications have been weak. It seems like that is going to change with SONM as one of the headline sponsors of May's Consensus conference in NY. + +Thanks for taking the time to read! I hope that it was informative and not too sales\-ey. Please feel free to respond with your personal May Moonshots, as well as any constructive feedback to improve this series. +Wanted to kickoff my Reddit posting career discussing one of my favorite topics \- CryptoMoonShots. What follows is a brief list of what I'm watching this coming month. I will attempt to keep this as objective and informational as possible, and will try to minimize time spent on price, exchanges, liquidity, etc. Treat this as my personal highlights reel that can act as a springboard for your own research, if so interested. + +For full transparency's sake, I have marked the tokens I hold as of posting with a \(\*\). I hope that helps, as I know not many people trust newer members. Open to other feedback and suggestions as I would like to continue this series. + +**LOW CAP \($0 \- $24m\)** + +* \*Insights Network \[INSTAR\]\* \- One of the first dApps that will launch on EOS, Insights offers the chance to earn tokens by sharing data, responding to surveys, etc. The team is set to put out v2 of it's app this week, including an iOS release. Founders of Partisia and brilliant minds behind SPMC \(Secure Multi\-Party Computing\) are on the team full time, not just advisors. The team is incredibly hard working and produced exceptional outputs on schedule. Price still well below ICO. +* \*Hade Platform \[HADE\]\* \- Stock Market Analytics \+ Media company applying its more traditional experience to crypto. Failed ICO and underwhelming price performance, but have recently improved communications and are approaching a couple milestones. Look for a big hire \(possibly Mark Lynd?\), token burn, and product releases in the coming couple weeks, including HadePay and HadeMatrix. They aim to become the "Bloomberg of Crypto". Not yet on CMC, but the team has teased upcoming exchanges, which should drive the necessary volume. Price still well below ICO. +* Devery \[EVE\] \- Many forget that this ICO sold out in less than 20 seconds. Recently EVE announced partnerships with both the UN to track school lunches in Tunisia, and one of China's largest retailers JD .com. As blockchain use\-cases for product verification and tracking look to be on the forefront of adoption, companies like Devery will continue to excel. On the roadmap for may is the Alpha of their reading app, support for third party developers, whitepaper revamp, and expansion of Devery partnership network and ecosystem. + +**MID CAP \($25m \- $74m\)** + +* Switcheo \[SWH\] \- Cross\-chain DEX focused on NEP \+ QTUM tokens for now. Will implement ETH pairs before NEX launches. Transaction fees in SWH are discounted and automatically burned through the smart contract. The team's presentation at the NEO Amsterdam meetup was powerful. Expect regular announcements of SWH burning to drive the token value. +* Republic Protocol \[REN\] \- Darkpool Testnet in Q2, with Mainnet launch in Q3. Young, bright, professional team. Potential to make decent returns running nodes. Recently announced 100k REN is required to run a darknode and it looks like participating in Testnet guarantees a spot in Mainnet. It's to be determined if KYC will be required to run a node, and the team is speculating that they may provide increased incentive to those willing to run liquidity nodes. +* ShipChain \[SHIP\] \- Didn't get as much attention because they opted for a private sale and airdrop, but I feel that this is one of the stronger teams in the blockchain space, with Roger Crook, an ex\-CEO of DHL, as their CSO. While it's still rather early in the development and employment of their platform, I get the sense this is a gem. Don't currently own, but will be looking to accumulate over the next couple weeks. + +**LARGE CAP \($75m \- $150m\)** + +* \*BLOCKv \[VEE\]\* \- Powerhouse team with a mature, working product. Recently released the Beta of their developer portal, and are onboarding 20 dev groups every 2 weeks through Q2, until Q3 when the public version of the platform is released. Most recent partnerships include an interactive Alienware drawing and a popup experience at the Sky Marketing & Innovation awards, in tandem with ESI Media. May will see more partnerships and developers come online. Personally, I am in love with the idea and potential. +* \*Apex Network \[CPX\]\*\- Founded and built by the successful Chinapex team. Originally planned to be built on the NEO platform, Apex recently announced the engineering of its own blockchain and token ecosystem with a new website and whitepaper. Over 350 premier clients under Chinapex; CEO has mentioned they plan to take 20 companies \(of 70 applicants\) for blockchain trials beginning in Q4. More details about the DPoS structure, Supernode qualifications \+ tiers are expected to come soon. Very recently announced they were working with Maserati on blockchain trials. I personally wouldn't be surprised if we saw enterprise supernodes in 2019. I included this in MoonShots because the team has hinted there are more major exchanges coming in May and it's very rare to find an infrastructure coin outside the top 100. +* SONM \[SONM\] \- This company has been chugging along rather quietly for some time now. There is little question that their engineering team is capable of executing their expansive vision, but historically communications have been weak. It seems like that is going to change with SONM as one of the headline sponsors of May's Consensus conference in NY. + +Thanks for taking the time to read! I hope that it was informative and not too sales\-ey. Please feel free to respond with your personal May Moonshots, as well as any constructive feedback to improve this series. +How I plan to **Short Tesla ($TSLA)** with a max of **$1,000,000.** Then, walk away with roughly +$300K-$500K in profits. Or, I will walk away with lower profits if Tesla crashes before any of the next steps shared below. + +Here is my current short position: **Step 1:** + + +https://preview.redd.it/i1z93h9xffw71.jpg?width=1242&format=pjpg&auto=webp&s=47b828402fbf3b681459a963182519ea7729ae87 + +✅ **Step 1/Position Started:** +Current Average: $1,070.14 +Current Cost Basis: -$200,117.03 + +✅ **Step 2** +Short at: $1,200\~ +Amount: $200K\~ +Shares to buy: 166\~ +New Cost Basis: $400,117.03\~ +New Average: $1,131.20\~ + +✅ **Step 3:** +Short at: $1,500\~ +Amount: $400K\~ +Shares to buy: 266\~ +New Cost Basis: $800,117.03\~ +New Average: $1,289.68\~ + +✅ **Step 4/Optional:** +Short at: $1,700\~ +Amount: $200K\~ +Shares to buy: 117\~ +New Cost Basis: $1,000,117.03\~ +New Average: $1,354.91\~ + +I plan to cash out after a -30% drop, maybe ill aim for a 50% drop which means Tesla would be either at $949.44 for a -30%. Or, $677.45 for the -50%. This leaves Tesla with room to run from its current position of $1,100 a 23% gain to the final breakeven point or, 54% to the final optional step. + + +**Worst Case:** +Tesla runs up from my even price of $1,354.91 to $2,100 a $2.1 Trillion Market Cap. I'll take a half a million dollar loss which I can afford all day, any day. Won't kill me. (-50%). + + +✍️**Note:** +If Tesla doubles from its current price, it will be worth more than Apple and Microsoft by $1 Trillion Dollars. I strongly believe the ROI for new buyers is dramatically decreasing. In other words, the Greater Fool is running low/near the end. There is too much risk, too many emotions, and greed flowing around. Be fearful when others are greedy. In this case, ill profit from their beyond delusional greed. Or, Tesla is currently at peak levels and I don't even get to the next steps. Still a win. + + +\- Charlie +They released it. DTCC fucked it up. Now they are on a 90 day clock. Why isn’t anyone talking about this? This has been the plan since the split was announced I thought. + +You got t+90 from splivi to get your shit DRSd and I suggest you move your lazy ass quick fast and in a hurry before you are homeless in the upcoming mUh GrEaT rEsEt + +I’m also fucking tired of waking up for work + + +Edit: nobody is talking about because I’m an idiot. Thanks u/BuildBackRicher +*SPOILER ALERT - FYI* + +For those of you that have seen the movie, *Margin Call*, I am curious about just how real the 'fire sale' premise is. + +In the movie, the firm is able to liquidate a massive portion of their MBS/CDO/whatever else holdings in one trading day. Obviously there are some other problems baked into this scenario. One of which being, it is ridiculous to me to think that one analyst could 'figure out' some VaR models that indicate the party was over, before anyone else on the street had any idea there was something wrong. + +Another is, from my understanding, one of the problems with the securities these banks held was they were very illiquid. As such, is it even possible to trade one of these securities over the line in ~5 min? Or is there more detailed analysis that needs to take place that would increase the time necessary to complete each transaction? + +TL;DR How plausible would it be that one firm could move this amount of MBS/CDOs in one day? If not at all, what would the process for this scenario look like? Does this firm just end up like Bear, Lehman, or Merrill in reality? +Hi everyone, I recently lost my mom from cancer in July (sadly the last of my family. Yay being an orphan!) Anyways she left me my grandmothers house which is in Victoria B.C. and the market here is going insane. I don't want to sell, it's been in the family since 1955 but I can't afford to pay bills on it and my options are grim. Either let go, or let go go... If you catch my drift. Because who wants to live without a family? For the past 10 years I was my mom's caregiver and had to quit a lucrative job twice because of it and my work history tho having items like Apple really has not been updated since 2012-2015. What would you invest in to make a happy or any future for yourself if you were to invest $600-700,000 anywhere? + +A large part of me feels tremendously guilty for receiving this now, especially when so many friends of mine and others are struggling hard. I'd give anything to have my mom back anything. Letting go of the house will be the 2nd hardest thing i've ever had to do. + +**Update_feb3rd_10am** + +Oh wow, I wasn't expecting this level of response. Nor was I was I expecting to start my morning of with tears of gratitude, because this has been the best support/compassion i've received in 6 months and I don't even know any of you! I'm very touched by all your advice and will reply to everyone this evening when i'm able to get internet access again. <3 <3 <3 + +**Update_feb_5th** + +Again, I'm totally blown away by the response, thank you all so much! I apologize for slowly getting back to people. I have limited Internet access right now. +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 +My work is soon to announce the end of overtime for the next 6-8 months. I've become very reliant on the extra money, and I desperately need to find a way to get more money. I'd really appreciate if you could read my circumstance, and potentially offer any advice that may spring to mind. + +My skills/ work experience is as follows. 21year old + +-3 years plumbing. Domestic. I am fully qualified, just lack experience. +- 1.5 years working in the water industry as a leakage engineer for a water utility. + +I'm currently at the latter position. I gave up plumbing due to being fed up with apprentice wage. + +For the water utility, my basic pay for the year is 17.5k, this is soon to be rising to about 19k + +Due to me working every hour under the sun with overtime, I've managed to get my pay up to around 41-45k a year. + +With my company announcing the end of OT, my take home will go from 550-750 a week, to 230. Obviously this is a huge hit for me, and I don't know the best course of action to take.. +**Please see my edit at the bottom of this post!** + +https://www.reuters.com/article/us-health-coronavirus-usa/florida-arizona-nevada-hit-daily-highs-for-covid-19-cases-idUSKBN23Y0MR + +"Nevada disclosed 1,099 new cases, double its previous high." + +At the height of the pandemic for New York, in the second half of March, they were averaging about 9k cases a day. New York has a population of 19.4M people, meaning roughly 1 new case every day for every 2,160 people in New York in March. Nevada, with 3M people, set a record for themselves of 1 new case for every 2,700 people. And the numbers in Nevada are increasing fast. Nevada could pass New York's worst day in per capita terms in a week. + +I just can't see the casinos there remaining open, and even if they do stay open, no one will want to visit from out of state. + +**EDIT:** Turns out the overly big jump on June 26 was due to data from lab reports dated 23 and 24 June being included in the 26 June total. However, the brand-new numbers reported for today, June 27th are likely a new record even though weekends are usually lower numbers. + +https://www.southernnevadahealthdistrict.org/news-release/public-health-update-covid-19-case-increase/ + +"After a review of the case data, it was determined the increase in reports was due to a delay in laboratory reporting. More than 240 of the cases reported were from laboratory reports dated June 23, and more than 380 were from reports dated June 24." + +Original data from: https://nvhealthresponse.nv.gov/ + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 507 + 25-Jun : 381 + 26-Jun : 1099 + 27-Jun : 821 + +I manually adjusted the data, assuming a 1-day offset between lab report date and the date the info is reported by the state (moving 240 and 380 cases from June 26th to the 24th and 25th, respectively): + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 747 + 25-Jun : 761 + 26-Jun : 479 + 27-Jun : 821 +The finance minister Nirmala Sitharaman said they'll provide a window of experimentation for cryptocurrency in India. + +https://youtu.be/QZroeNv7VNY + +She's literally the top official of the Modi government of India. + +The FUD, which was spread by Reuters was based on "Anonymous" top official of the government. +The Reuters article has spread like wildfire. + https://www.reuters.com/article/uk-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idINKBN2B60QP + +The article has no basis other than some anecdotal reports. + +I'm an Indian and I will continue HoDLing. + +Reuters has just lost their reputation + +Edit: Thank you for the awards. This community is the best. +Alright boys and girls we've made it to a pretty critical stage here. Tomorrow we face the possibility of a massive squeeze fueled by short coverage and the inevitable gamma squeeze that will come from thousands of call contracts being exercised. Some things to note - MMs buy 95% of the underlying shares represented by call contracts to hedge each time they're bought; as we've seen in the past few days, in this case MMs are almost the same 'group' as the shorts. This throws a wrench in things that I don't know how to interpret. Anyone? They worked together today to lock us out, tank the price, and make a 100 million dollar short sale while liquidating massive share quantities at a price so low it margin called anyone holding that many shares on margin in the first place. We can expect buy lockouts and other bullshit but the gamma squeeze remains **inevitable**. The gamma squeeze will not necessarily lead to or indicate the short squeeze happening, no one knows. It seems like the most important thing each investor has to prepare for on their own is an exit strategy for call contracts expiring tomorrow (regardless of squeeze height) and shares (in the case of the actual squeeze happening) if that investor wants to sell. + +As has been explained here a few times now, shorts need our shares - period. Tomorrow they will buy shares and they will buy contracts to convert into shares. They must meet the prices we set - again, period. Hypothetically, if every single person that is HOLDING shares set the sell limit to 10K (which RH now prevents as an 'aggressive' limit), then shorts would have no option but to pay that price if they want to cover OR - and this is important - they CAN WAIT FOR HOLDERS TO DEFECT AND SELL EARLY, UNDERCUTTING THE SELL WALL. The **prisoners' dilemma** describes the problem of achieving maximal collective outcomes in situations where individual self-interest comes into play. In the event of a squeeze, all holders will be faced with the question of when to sell. Even if a sell wall was established by 95% of holders at 1K, if 5% of holders create sell orders at 500, the shorts will purchase all of those, and then someone holding at 1K (in the original 95%) says 'fuck, I don't want to miss out' and lowers their price to 600. Let's say 5% of that group holding at 1K does that. Now 90% of the holders are still at 1K but 10% of all shares have now been sold at or below 600. This would cascade and bring the price down. + +We are NOT a hedge fund or a hive mind and there is no way to ensure we all sell at the same time and I am not telling anybody when to sell. This is all entirely hypothetical. I'm not encouraging a specific price point 🤷‍♂️ I'm merely describing a predicament we face - a market phenomenon, perhaps. Right now if you look at the GME order book, the sell 'wall' looks like a staircase, moving upwards at a pretty natural slope. That kind of sell wall will not produce the optimal collective outcome in terms of sale price in the case of a squeeze. In that scenario, the actual sale prices would likely never reach the top. What **would** produce the optimal group outcome is a true sell wall, where limit orders are **FLAT** until a **massive Kingdom of the Fucking North Wall** at a single price. Thoughts? I personally just love the fucking stock. Play with the bull you get the fucking horns. + +EDIT: [https://imgur.com/gallery/wLMohne](https://imgur.com/gallery/wLMohne) this is the current sell staircase versus a sell wall. NONE of this post is financial advice. I'm just a retard drawing in my notes app. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +PS: All $350 and up market buy autists (yes that includes you saints who smashed the ye button at 10am today and bought at $470) - we're coming for you. No man or woman left behind on this moon mission. 😈 + +TLDR; POWER TO THE PLAYERS 🕹 + +APES TOGETHER STRONG 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +$342 AH as of now (7:07pm EST) I KNOW YOU LIKE THAT YOU DIRTY MOTHERFUCKERS CAUSE I KNOW I DO + +PS 2: Thanks for the awards 🥰 I just want us to all take maximum Ws +I've had this accountant for years and I trust him pretty well so I know for sure that this isn't a scam attempt. He is telling me that he can get me a tax cut through the "tax cuts and jobs act", where I would put that my kids are working for me (which is true they do work for me from time to time) and it would give me a tax cut of up to $12,000. My issue is, I don't know much about accounting work and I can't tell if I am being overcharged or not for this kind of service. It seems like a huge charge for the amount of work on his part. + +Can I get any advice here or prior experience? Does this seem like a regular charge for this type of service? + +EDIT: Just noticed I accidentally typed "She" in the title. Just ignore that I meant "he" +I apologize if I posted this against any rules within the guidelines. + +My brother passed away back in May and he left Bitcoin. He didn’t leave any written will regarding who gets his coin. We have access to his coin. But my mom and I don’t know what to do. We don’t know if we are going to get taxed, fined, Bitcoin taken away, etc. + +What would be the proper steps to take out Bitcoin or secure it within my immediate family. +[https://www.foxbusiness.com/industrials/american-airlines-extends-boeing-737-max-cancellations-through-mid-august](https://www.foxbusiness.com/industrials/american-airlines-extends-boeing-737-max-cancellations-through-mid-august) +I work, work, work because a day off for me is a day lost earning money. + +I rarely take any holidays or breaks. Weekends go too fast for me because it's mainly spent doing house chores and getting ready for next week. + +The bonus is my bank account is extremely healthy and am on track to pay off my mortgage in full in my mid-30's. I am extremely savvy with my money, rarely spend it on junk, and have a good health. My dream is to own another home, my to be actual home (see posts I made in the past), and I am saving up for it. + +However the downside is I feel exhausted, full of regrets of missing out on some adventures I want to do (such as take time off and do long term travel), it stops me from 'treating myself', my relationships have broken down because the persons I date maybe feel I am too concentrated on my goals. + +I am trying to be flexible and learn to enjoy myself a bit more but this habit is so well defined that I find it hard to operate in a new way. + +I was wondering if others have had experience with this and can related, and maybe share some wise words. +https://arstechnica.com/tech-policy/2022/12/meta-and-alphabet-lose-dominance-over-us-digital-ads-market/ + +Meta and Alphabet have lost their dominance over the digital advertising market they have ruled for years, as the duopoly is hit by fast-growing competition from rivals Amazon, TikTok, Microsoft and Apple. The share of US ad revenues held by Facebook’s parent Meta and Google owner Alphabet is projected to fall by 2.5 percentage points to 48.4 percent this year, the first time the two groups will not hold a majority share of the market since 2014, according to research group Insider Intelligence. This will mark the fifth consecutive annual decline for the duopoly, whose share of the market has fallen from a peak of 54.7 percent in 2017 and is forecast to decline to 43.9 percent by 2024. Worldwide, Meta and Alphabet’s share declined 1 percentage point to 49.5 percent this year. + +“Four years ago, you wouldn’t be talking about either [TikTok or Amazon] in advertising,” said Dischler. “So it’s really telling that more and more people are acknowledging that advertising is a great and scalable business model.” Amazon’s foray into the digital ads world has played a big part in hitting Meta and Google’s dominance. After years of toying in the market, it ramped efforts up in 2015 and has since seen ad revenues skyrocket from less than $1 billion to an estimated $38 billion this year. “Before I joined, I didn’t even know what Amazon Ads was,” said an Amazon executive who says they now run “a massive team—and I didn’t know this existed before the recruiter called.” Paul Prior, chief operating officer of Undertone, a digital advertising company, said retail giants led by Amazon woke up to the realization that their extensive data on customers could be the basis for a massive advertising business with higher margins than the sale of goods online. But Amazon then went a step further, expanding its on-site ads business beyond its own shopping site. “Across the wider digital universe, they use that data set to empower brands and the advertisers to buy better, to spend more effectively and drive return on ad-spend,” said Prior. + +Apple has also emerged as a new threat. Its ad revenues have grown from under $2.2 billion in 2018 to more than $7 billion this year. Although that is just 1.2 percent of the global market, it is already more than Snapchat and Pinterest combined, and some estimates suggest Apple could reach $30 billion of ad revenue by 2026. Zuckerberg has repeatedly hit out at Apple’s “conflict of interest,” criticizing it for charging “monopoly rents” and stifling innovation. Insider Intelligence has forecast that Google and Meta’s US ad growth in 2023 will be just 3 percent and 5 percent, respectively, while at least eight of its rivals are to experience double-digit gains. +I have sent some money to cex.io via bank transfer to buy some coins but you know what, it has ben more than 2 weeks and it hasn't put that money on my account, it didn't send it back, its just gone. I have sent so many mails, none has been answered. When i look web to find out what can i do, i see that there are so many people with the same problem. I suggest you guys to avoid this website at any cost. Im communicating with other victims right now, we might press charges all together. Let me know if there are any of you guys here with the same issue. + + +UPTADE: AFTER 30 DAYS, IN THE 31TH, AFTER TENS OF MAILS AND SUPPORT TICKETS, THEY HAVE FINALLY PUT THE MONEY ON MY ACCOUNT. +On 8th March, after the market was closed, there were millions of dollars of PUTS bought by someone with a strike price around $400 range. Normally, this was a strong indication that someone in the know is expecting the market to tank further today. Fintwit is full of posts predicting the doom. But SPY ramped up pre-market on 9th morning as against this. + +I am just trying to understand why someone with lots of market knowledge puts millions of dollars on the wrong side? What is your take on this? +I saw this post: https://np.reddit.com/r/CryptoCurrency/comments/reeilc/cardano_is_undervalued_and_many_ppl_refuse_to/?utm_medium=android_app&utm_source=share + +and it got me thinking... + +ADA was so hyped up earlier this year, and people had legitimate reasons for supporting the project. + +Now people don't care for it. Why is that? Has the company failed to deliver what they promised? Are there coins that have developed further/better than ADA? + +I'm a total noob at crypto so maybe the terminology I used above is wrong... but hopefully you get what I'm trying to ask. + +Edit: I guess I should've emphasized that I'd like to know more about the utility/tokenomics/tech, etc of ADA... long-term, is it a good hold? If so, what's your conservative guess for the price projections in 1 year, 2 years, 5, 10? Thanks! +This is the 6th update in my journey to making $500/month passively (spending less than 1hr a month) by writing covered calls. + +It all started when I read [this post by CarlSagan79](http://www.reddit.com/r/investing/comments/oe86p/heres_how_to_make_500month_in_passive_income_on/). + +My portfolio currently consists of 500 shares of MCD that I purchased at $100. + +Last month I collected $350 in dividends, and only $7.50 on covered calls because MCD's price had fallen significantly below $100 so writing $100 calls didn't yield much. + +So total cash collected last month: $357.50. + +Totals by month so far: + +* Month 1: $980 + +* Month 2: $897.5 + +* Month 3: $322.5 + +* Month 4: $72.5 + +* Month 5: $357.5 + +Grand total: $2630. ($526 per month on average). + +This month (Jun-Jul) I followed [uwastemytime's advice](http://www.reddit.com/r/investing/comments/tz6xd/i_read_how_to_turn_50k_into_500_passive_income/c4qysdg) and on Monday I wrote 5 July $95 contracts at $0.21 a piece. Cash made: $105. Fees: $17.50. Total: $87.5. + +I'm taking a significant risk here because if MCD reaches $95, my stock will be exercised and I'll have all my 5 month earnings basically wiped out as I bought the stock at $100, and it would get exercised at $95. I don't think that will happen this month though. + +As you can see, I'm still averaging over $500 a month over 5 months, which is good. Though the next month the average will fall below $500. + +Here are the links to all previous updates: + +* [First post](http://www.reddit.com/r/investing/comments/oibje/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 2](http://www.reddit.com/r/investing/comments/pxo13/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 3](http://www.reddit.com/r/investing/comments/rg8cd/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 4](http://www.reddit.com/r/investing/comments/soe5r/i_read_how_to_turn_50k_into_500_passive_income/) + +* [Update 5](http://www.reddit.com/r/investing/comments/tz6xd/i_read_how_to_turn_50k_into_500_passive_income/) + +See you next month! + +While not being as overvalued as we were in 1999 is really not a hard bar to pass, I do think it is worth mentioning as the "gravity" of both situations are entirely different. + +So are we in a bubble as a whole market? Not really. Sure, we are overpriced by roughly 15-20%, (based on how I assess it) but if your outlook is beyond 10 years, it is very smart to continue to buy. And if the market dips? Buy your favorite companies at better prices. + +I'll close on this: if one could correctly time the market, they'd be a trillionaire. Buy VOO if you don't know how to value stocks, and if you do, shoot for a 5% yield as your cut-off, and you will do just fine over time. +Twitter has been vilified on this sub for a long time. Yet where does almost all of the advertising and community outreach originate from GameStop? We're locked inside a cage in here. I'm by no means saying stop coming to this sub. Just saying we need to be reaching beyond that. Bringing people to the company itself beside the stock. Why am I saying this? Because this sub has 795k members. GameStopNFT official Twitter account has 63k followers. Then factoring in a portion of that is non Superstonk people, they should have way more. + +Support the artists. It has the best return vs effort applied. All you have to do is scroll and like. If you see exceptional art, retweet it. Be active and people will follow you. The more people that follow you, the more people that get exposed to GameStop artists. If you ask anyone in NFTs what is the most vital component. Almost every person you ask that's been in it for awhile is going to answer community. GameStop is building their community onTwitter. We should be helping. + +Not telling anyone how to live their lives. But talking about the stock on Twitter is cringe. It's why people block popcorn zombies. Build the company. The stock will follow. + +&#x200B; + +https://preview.redd.it/pet54ifmqh591.png?width=977&format=png&auto=webp&s=9b7158c1881d3769863e5569eff10d127682e664 +So I inherited $400 000 and want to invest it in dividend paying stocks or etf's and retire to SE asia. I have no debts and this will be my sole source of income. I want to keep all the money invested here in Canada. Ideas? Banks? Oil and gas? Thanks +Hello, + +yesterday, I started listening to Brandon Beavis and I listened to the "10 things I wish I knew before I started investing", once of the point was in regards of cutting your losses. I agree with him. I have 2 stocks [ACB.to](https://ACB.to) ( down 40%) and [Hexo.to](https://Hexo.to) (down 51%) down combined to 3.5k. I see his point on cutting my losses and put the money on something else, but it is psychological hard as he explains because of the thought I would sell them right away as soon as I break even. + +They in my RRSP and I still keeping investing, so does it make sense to cut my losses now considering the US legalization could give a bump to the weed stocks ? what's your take ? and also how do you process cutting your losses ? + +&#x200B; + +thanks +Shareholders will be voting this week and there is a strong possibility that there will be two entities (Brookfield Asset Managment and Brookfield Corporation) that will be spun out. +My questions: + +1. We get 1 share of the new asset manager for every 4 shares we currently own of BAM. +This means that someone owning BAM with a number that cannot be divided by 4 evenly (for example 535 shares divided by 4 equals 133.75 shares). +So in my example above, a shareholder would get cash in lieu of 0.75 shares. +Could this cash in lieu be considered a capital gain, or a capital loss? Or is it nothing? + +2. Will our shares of BN (Brookfield Corporation) be adjusted downwards? So using my example above, 535-133 would mean we would have 402 shares of Brookfield Corporation, and 133 shares of Brookfield Asset Managament. + +3. Regarding the adjusted cost base of the two new corporations, will our discount brokers figure this out for us and make the necessary adjustments? Or will we have to make the calculations ourselves? + +Thanks in advance for your help. +Just looking for people’s opinion on Bank of Nova Scotia stock. It’s at a 52 week low. Is there a specific reason for this or is this a stock to avoid. Is there a better bank stock to look at for a long term hold? +Welcome to the open discussion thread. + +Space reserved for open discussion or questions on research and news on economics. + +Talk (ideally, about economics) amongst yourselves. +Yesterday I made a post about why [coin price does not matter (on its own) and that you should look at the market cap instead](https://old.reddit.com/r/CryptoCurrency/comments/nd0yx2/dear_newbies_are_you_looking_for_a_promising_coin/). I was really surprised how it turned out: + +* it got really, really popular (currently over 8k upvotes and it even reached the front page of reddit) +* at the same time, nobody read it? + +I've never seen something like that, more than 90% of people who replied obviously just read the title (it was not just me, some people commented that they were confused about the lack of reading comprehension or sent me DMs or chats - thanks for that, I thought I was going crazy). People were telling me that I shouldn't judge people for buying shitcoins or that they "agreed with me" that people should not buy shitcoins (not what the post was about), that they bought something like ADA or MATIC when it was below $1 and made a ton of profits (not what the post was about) and of course, most of them just shilled their coins, either saying that they are good, even though they are below $1 or agreeing with what they think was my poiont and shilling stuff like NANO which costs more than that. + +As people seemingly only read the title, I will try again with this one. I bought ADA at $0.25, I have LTO, there are great coins below $1 (because coin price doesn't matter). Even if your coin is bad, it's totally fine if you buy it and want to make profits, it can work out perfectly, look at how Doge did! The real message was that, for example: + +* Doge: coin price $0.52, market cap 67.5 billion USD: **NOT CHEAP** +* Safemoon: price $0.000009, market cap 5.2 billion USD: **NOT CHEAP** + +But on the other hand, a coin with a high price might be cheap (and please don't buy this one, I have no idea what it does, just picked random coin with a high coin price and relatively low market cap): + +* Xiotri: coin price $1,390, market cap about 5 million USD: **CHEAP** + +Xiotri is 1,000 times cheaper than Safemoon and more than 10,000 times cheaper than DOGE. It's about market cap. Please, feel free to buy your coins worth $0.00000000001 with 1,000,000,000,000,000,000 tokens in circulation, maybe some of them are good! But know what is "cheap" and what isn't! +It may sound like a silly question but do REA lie about the $ value of offers they "have received"? Has anyone ever had an offer accepted for a value that's under what the REA said they "have received". + +For example the REA says he has received an offer for 600k but I think he's lying so I make an offer for 595K. Has anyone ever done this and the offer for 595K is accepted? +I’ll try mix some observations with anecdote and then hopefully some others will be able to expand on this suspicion with data, if it exists? + +I’m particularly looking at the apartment markets in Wentworth Point, Baulkham hills and Epping. One thing I have noticed is recently a lot of new apartment listings, many which are one ad for multiple apartments. + +A friend of mine lives in a new Apt in Meadowbank and told me he’s the only person who is currently occupying an apartment on his floor. Also basement is basically empty with cars, and this creeps him out. Low cars normally an indicator of high international residence, no? + +RBA is speculating high growth for housing, but this would be a hard feat in over cooked markets. I can see this happening for extremely underpriced markets like rural, regional hubs. Due to covid. And particularly for free standing houses. + +My question is, has anyone got some insight as to what is taking place with all these empty apartments in Sydney? Are oversea investors fleeing? Also, are new builds etc ceasing due to the lack of immigration? +I knew coronavirus was going to be bad for the economy, but the extent to which it was didn't really hit me until a finance lecturer was basically like "there's going to be a recession, it's just a matter of not getting into a depression" and "GL, we'll be here to be a shoulder to cry on" for anyone graduating this/next year (hi, that's me in marketing as a 23yo). + +Obviously we want to reduce spending, build up the savings, keep upskilling, try and stay healthy (lol), and stay employed/job seek(?) but what are some things we need to think about to stay ahead of the curve? How old were you when you went through a recession? What is something that you wish you'd done or that you're appreciative that you did do? What was the environment like? How did you deal with it mentally? If things didn't end well for you, how did you recover/where are you now? I know there's a light at the end of the tunnel, but going down that tunnel seems mighty long and hard. +From AFR 27/08/2020 + +[AFR link](https://www.afr.com/property/residential/melbourne-prices-to-fall-by-15pc-anz-20200826-p55pdm) + +Share + +Melbourne house prices are forecast to fall by 15 per cent, while Sydney prices could drop by 13 per cent from peak to trough before bottoming out in the second half of 2021, as the pandemic and related shutdowns weigh on confidence, ANZ Bank says. + +At a national level, the bank has maintained its forecast for prices to fall by 10 per cent from peak to trough. But it now tips smaller house price drops in Hobart, Brisbane, Adelaide, Perth and Canberra. + + + +Melbourne house prices will take a big hit, ANZ Bank predicts, but price falls elsewhere will be less than had been expected.  Tash Sorensen + +Darwin house prices are set to fall by 9 per cent, Hobart by 8 per cent, and Brisbane by 6 per cent. + +ANZ said Canberra, Adelaide and Perth will outperform the bigger capitals with a smaller price drop expected at 2 per cent, 3 per cent and 4 per cent respectively. + +In May, the bank predicted house prices in Sydney, Melbourne and Hobart to fall by 13 per cent over the same period. Brisbane and Darwin prices were expected to fall by 7 per cent, Adelaide by 6 per cent and Canberra by 5 per cent. + +ANZ senior economist Felicity Emmett said the overall decline in house prices over the past three months has been slightly more modest than expected. However, the tougher lockdown in Melbourne would hit the city's housing market harder. + +"Household incomes and jobs had suffered in Melbourne and the corresponding blow to confidence mean people are too uncertain to make that commitment to buy," Ms Emmett said. + +"I think the labour market and housing market will take longer to recover in in Victoria." + +Ms Emmett said the government support payments to households, superannuation withdrawals and deferred mortgage repayments were all supporting the housing market. + +"We anticipate prices will bottom out in the second half of 2021 as the labour market improves, but the recovery is likely to be relatively gradual, given that we expect unemployment to stay above 8 per cent until end-2021," she said. + +Ms Emmett said falling wage income, heightened uncertainty, and the drop in population growth due to the border closures will depress the market in the next year or so. + +"The deterioration in household income will be the biggest driver of weakness, but elevated uncertainty, much lower population growth and weak investor appetite given the slump in the rental market will all weigh on house prices," she said. + +"While the deferral of home loan repayments and the likely move to more medium-term forbearance measures have (and will) help to prevent forced sales, lower demand and higher uncertainty will drive prices lower in the next year or so." +How would one go about finding people who want to invest in commercial real estate? We are a small but successful and growing company that needs to move to a bigger venue. We want the building to be owned separately but a group of investors who would get their return through our company paying rent. Is there a place or process to pitch something like this? It’s a feel good, community focused business if that makes a difference. + +ETA: Where we currently are, the new owner wants to use the building themselves. There is a building that has just come up for sale that is perfect, which is incredibly rare for what we do. +The idea would be that me, my business partner, plus other investors would create a sort of trust/company/something that would own the building. With this set up, the rent that our business would pay (which would be the normal amount, not discounted in any way) would pay off the loan for the building and then some, meaning that the trust/company/whatever would turn a profit. That would mean that rather than profit going to a random landlord, it would go to the trust and so partially go to us and partially to the other investors, all of whom wouldn’t have been in a position to make this kind of investment alone. +Since there was no news coverage whatsoever on the 2019 Repo action of the Fed, like we learned yesterday, I am pondering a certain question: + +What was the cause for this financial emergency? + +https://preview.redd.it/2ssjqppkbp981.jpg?width=544&format=pjpg&auto=webp&s=1428b09bdb96846f36762ef754c144dd15bcee6a + +The pandemic was officially declared on March 11, 2020. The first case of COVID-19 occurred on January 20, 2020 in the USA. BUT the the alleged financial emergency took place in 2019 and caused the subsequent repo loan bailout from the Fed (check image above). + +**So, what caused the financial emergency on Wall Street in the fall of 2019?** +Everything I read. Everything I watch. Everything I hear others talk about or tell me. It all has to pass through my over 1 year old r/SuperStonk filter. + +And I would not have it any other way. + +Sure, it sucks to hear people on TV spewing nonsense to the uninformed. But I’m zen. It’s laughable the way they lie or try to explain what is going on in the markets because of inflation, or war, or blatantly leading reports. But the sub is zen. + +The things that have been discovered, pointed out, DD’d, debunked, and re-DD’d are beyond anything the world has seen to this point. And may ever see again. + +The only thing that is needed now is a free and fair, fully transparent, blockchain-based stock market led by Loopring, GameStop, and chaired by our favorite RC. It’ll all come together tomorrow. + +But before tomorrow comes, DRS your stock. MOASS incoming. And stay zen folks! +I've been a lurker on this sub since last March (but frequently investing) and am too excited about ATOS post-webinar to not make a post. Here are some of my main takeaways from the webinars if you didn't watch: + +1. Endoxifen fills a gap in Breast cancer treatment that isnt currently covered by other therapeutics. + +2. Endoxifen will have many catalysts in late Q1 early Q2 in terms of partnerships, clinical results, and applications for phase 2. + +3. ATOS' nasal spray will have clinical results in Q1. Following, ATOS will be looking to partners to develop the therapeutic. + +4. The nasal spray is eligible for EUA with the FDA and should be applying in Q2. + +5. With a healthy balance sheet, ATOS IS looking to acquire companies that strengthen their portfolio (this is most exciting to me) + + +My position: I am long on ATOS, especially with the prospect of acquiring complementary companies. 26,100 shares @1.90 with a MT price target of $4.75 +Hello everyone, + +As the title says, my Dad received his bill from his provider, and it is said he used 35G of download on the 20th of May. This brought the total bill up to 3.5k+. On that said day, my dad stayed home and the tablet was using the home Wifi, and even then, he barely used it. I am not entirely sure if I am in the right subreddit, but I was wondering if he had any rights in this matter, as it seems like it is clearly an error. + +Thank you in advance for your time, + +And I apologize on behalf of my bad english. + +Edit: Holy, this exploded. Thank you so much for the help, it is greatly appreciated. Ok, a couple of precision, especially concerning the top answer concerning the CRTC 's Wireless Code by u/dwsr. The data provider replied saying that apparently, notification was sent upon exceeding the limit, and it has been approved. Dad has no recollection of such thing, as he barely used his tablet that day. This is truly f'ed up. + +Edit 2 : Internet Provider is Videotron +I’m new to the whole concept of investing, so I’ve been using Zerodha’s “Varsity” page to guide me through. + +I wanted to know how good Zerodha’s MF schemes are and do they allow you to choose your own mutual funds? + +Also, I’ve been recommended the Scripbox app to kickstart my investing. If someone could contrast Zerodha and Scripbox and tell me which one is better, that would be really helpful. + +Thank you +The owner for shares bought using [vested.co.in](https://vested.co.in) or interactive brokers is some third party? Is this secure? How can we own the shares in our own name? Is there an easy way? +Does anyone have any experience getting a loan to buy property in a foreign market (say UK or Germany) as a resident Indian? + +Are there any available lenders for this in India and are we restricted by the RBI in any way? + +I'd like to use the LRS route to invest property in the UK if anyone has any experience - I'd love to hear it! +I recently read that we can use `Nifty long put options` as a downside protection just in case markets fall. I have a general idea on derivatives, but I have never used them practically. + +- Does anyone use such measures (downside protection)? +- How exactly you implement this strategy practically? + +My intent is to +- trigger a discussion on the topic "Downside protection" and +- get any guidelines/ pointers further. + +```This is not to become an expert in derivatives trading.``` + +I tried this: https://www.nseindia.com/option-chain?symbol=NIFTY +But have no clue how to use it + +--- + +> Edit: Thanks so much for the expert responses guys. +- I am yet to go through the external articles and another Reddit post, the feel I got so far is it probably is not practical for a retail investor in India. +The RBI has opened the floodgates. A system is now in place. It’s a 4 step program to fight the economic slump. And it’s the most beautiful thing you are likely to witness. + +Step 1: Release the Cash +RBI cut the reserve requirement (called the Cash Reserve Ratio) by 1%. + +Step 2: Make borrowing attractive +RBI to cut interest rate by a whopping 0.75%. + +Step 3: Force Banks to lend at cheap rates +Commence Operation TLTRO (Targeted Long Term Repo Operation) + +Step 4: The EMIs can wait +The widely publicised EMI moratorium. + +Source: https://finshots.in/archive/rbi-cuts-interest-rates/ +How come gilt funds are giving whooping 2% return a month? Some are even touching 8% for 6 months. Seems extremely high for a debt fund. + +&#x200B; + +[https://www.moneycontrol.com/mutual-funds/performance-tracker/returns/gilt-fund.html](https://www.moneycontrol.com/mutual-funds/performance-tracker/returns/gilt-fund.html) +NEW DELHI: India’s benchmark equity indices on Friday did not react to the change in Moody's India outlook to ‘negative’ from ‘stable’. Analysts said market participants felt the economy has hit the bottom already and that is in the price. + +Economists, though, believe the process of economic recovery could take more time than initially thought. + +Moody’s said its ‘negative’ outlook partly reflects lower effectiveness of government and policy in addressing long-standing economic and institutional weaknesses than it had previously estimated. This is leading to a gradual rise in debt burden from already high levels, it said. + + + +“Rating agencies do their job a little later, a little slower, but markets are ahead. Ratings agencies look into the rear-view mirror. Stock market looks ahead. I think that is the fundamental difference,” said Srinivasan Subramanian of Axis Capital. + +“I am not downplaying the gravity of the situation. But the market is looking positive because the government is responding at multiple levels across the entire spectrum. It may take a couple of quarters for the measures to show their effec .. + +Sandip Sabharwal of asksandipsabharwal.com in a tweet called the outlook ‘ridiculous’. He said the government compromised growth in trying to keep the rating agencies happy all this while. + +That excessive focus on fiscal deficit is one of reasons behind slower growth, he said. “Nothing was achieved. They see nothing wrong in euro economies. Today, they have downgraded India Outlook on short-term growth concerns,” he said. + + +Read more at: +//economictimes.indiatimes.com/articleshow/71966134.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst + + +https://economictimes.indiatimes.com/markets/stocks/news/ridiculous-analysts-economists-junk-moodys-india-downgrade/articleshow/71966134.cms +Those of you who have been value investing à la Graham/Buffet style for atleast 7+ years now, can you share the following: + +1. What's your net CAGR/XIRR after accounting for all profits, losses, dividends in total on all value investments? +2. When and what stocks did you pick that you held for a long term? Which stocks turned out to be a dud? +3. The Behind the curtains (i.e. How often do you check the tickers? How much does it affect your psychology when you see ups and downs? How much time and energy do spend studying stocks, financial reports etc initially when purchasing a stock and how much time and energy do you spend after you've purchased it? What have been some tough aspects/sleepless nights for you? What are some mistakes you made? etc) +Hey everyone, long-time somewhat lurker, first time detailed post. + +My wife and I are somewhat pursuing FIRE. 31M, $100K income, $250K NW, 1 rental. Currently just maxing out IRAs and Simple IRA, so not quite as aggressive as a lot of you but still in the same general mindset. + +My four-year-old daughter was just diagnosed with Autism. Apparently the treatments with the best results require intensive therapy (30-40 hrs/week). Our current insurance plan doesn't cover any treatments, and would be ~$67,500 out of pocket each year. Even if we could get my employer to cover it, our state (Utah) only requires coverage of 600 hours of treatment per year, which would take the out of pocket cost, which would still be about $47,000/year if we wanted to be in the 30-40 hour per week range we are looking at. Obviously neither option is conducive to FIRE. + +Our other option is to move in with my in-laws in Southern California and put my daughter on her own Obamacare plan which would put the out of pocket (premiums plus treatment cost) at around $6,000 per year. The big difference in cost is that California doesn't cap the number of autism treatment hours, so the entire treatment would (hopefully) be covered by insurance. + +I have a professional degree but no contacts in CA besides my in-laws so I would basically be starting over in my field. Obviously, I would not like to be moving in with my in-laws at this point in my life but I'm not seeing any better options. + +Anyone out there in our community dealt with something similar? Anyone see a better way to deal with this other than moving to CA? Am I crazy for picking up our entire life betting this will all work out as I expect? +$MILK +Charity token for food donations on Pancakeswap + +The team created an update video that you can watch here: + +https://youtu.be/Ts5jSx_rkKI + +Hey guys $MILK token just reached 1400 Holders recently. +The project was started a little over 3 days ago and it had its ups and downs since then. +It got a lot of traction due to a big Tiktok and since then the price retraced. +There were some hiccups in the beginning but the dev on this project has been amazing and transparent. + +It has been listed on Blockfolio, Coingecko and Coinmarketcap submissions are done as well. +There is a second token in the work to fix an issue with $MILK. Initially it was intended that part of the +transaction fees would be send to a charity wallet. +Due to an error in the code its not working. So the dev took the fees generated by the presale and donated it to charity already. + +You can find the proof here: https://imgur.com/gallery/pWTeHcf + +The website was updated and the improvments are noticeable it looks much better now. +On the website you can also find our Twitter,Telegram,Discord,Github and subreddit + +https://milktoken.net/ + +Details of the second token that will be named Butter will be released shortly. + +Contract address: https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640 +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb7CEF49d89321e22dd3F51a212d58398Ad542640 + +New donation collected through community effort (charity was picked by the community on the subreddit): +https://imgur.com/a/uNeueMU + +If you are interested in the project and would like to say hi come join socials can be found on the website. +The difference to the other projects is that we have a dedicated dev and a nice community instead of lazy devs and +a toxic atmosphere. + +As always DYOR and only invest what you can afford to lose. +GalaxyProtocol is holding the FIRST EVER Pre-sale for their new token, Galaxia. + +The Pre-sale is happening in a very unique way. They are Buying Back an old token, SafeGalaxy, and issuing holders Galaxia at $ for $ Plus 15%. So if you hold $100 Worth of SafeGalaxy, You'll get $115 worth of Galaxia at the time of BuyBack. This is the Pre-sale price of Galaxia. + + + +Team is Fully Doxed, Registered in Canada as a business, KYC'd by Assur Defi, has a Business address on their website. The new token, Galaxia, Will be hosted on our own exchange, GalaxySwap when it releases July 30th, it will also include a secure Launchpad in the future. Staking, Farming, etc. will all be offered on the exchange as well! The aim is to be a DEX/Launch Pad with a section for only Safe/Secure projects, as well as the place people come to learn about Crypto. + +Galaxia will be starting at $0.10 per token. + +The Buyback is happening on July 24th 2021 - July 27th 2021. GalaxyProtocol will be doing about $100,000 worth of advertising starting soon, towards The Buyback token. This means if you get $100 worth right now, and the price doubles, then at the time of buyback, you'll get $200 Galaxia, + 15%, or $230! + +Getting in early is definitely the better way to go here. + +Learn more here! + +Website: https://galaxyprotocol.io/#/ +Telegram: https://t.me/GalaxyProtocolOfficialTG +Twitter: https://twitter.com/GalaxyProtocol +Discord: https://discord.gg/galaxyprotocol + +Presale Token: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6b51231c43b1604815313801db5e9e614914d6e4 (Buy on V1) +HIT 1 MILLION MARKET CAP IN UNDER 3 HOURS! UNDER 400 HOLDERS +$TCMC The Token with a purpose | Full Doxed Devs with Whitepaper | Launched 15 HOURS AGO | Locked for 20 Years🚨 +In the cryptocurrency world, digital financial viability has often been locked in liquidity pools, farming utilities, blockchain ecosystems and speculation. The value of the coin/token being dependent on fortunate pairings for digital trade and the perception of value by the internal and external community. +Whereas, in the realm of fiat business formats, there must be tangible production output and subsequent benefit for those involved in the means of said production. +The Crypto Media Co. brings both of these worlds together to create a self-reflecting circular value system. This is achieved by taking TCMC (The Blockchain based Token of The Crypto Media Co.) through the exciting world of DeFI and out into the real world through the production of music, film, theatre arts and festivals. The real world financial gains, are then reinvested directly into TCMC, thereby increasing both the input value through constant reinvestment and the output capabilities for further projects of The Crypto Media Co. and it's global community, aka the Holders of TCMC. And rather than, like many tokens in the crypto world, giving to a subsidiary or third-party charity, the TCMC Holders will function as their own charity, and the community, through voting systems, will be able to direct funds as it sees fit in line with the The Crypto Media Co's scope of operations, thereby we are also able to aid those less fortunate in the audio, film and theatre industries who have been unduly effected by the current financial global situation. The application process to receive funds and benefits from TCMC in the form of Arts Grants will be open and transparent within the community and each application vetted for legitimacy. As this has real world application, all accounting will be done through a registered Chartered Accounting Firm. One of the best ways for the artist to establish financial solvency is to also become a holder of TCMC! +Tokenomics: +A 5% transaction fee is redistributed to all existing holders, thereby increasing the number of tokens. While another 3% fee is paired automatically with the previously mentioned BNB or other and added as a liquidity pair in the current exchange, thereby increasing the value of the tokens. Funds for all projects are provided by a 3% dev/marketing function, whereas we also provide 4% which will go to grants directly funded by TCMC and its holders. 100% of ALL PROJECT NET GAINS are reinvested directly back into TCMC. +CONTRACT: 0x85080494d39229f789d2a8050ec082cf746be996 +🌐Website: TheCryptoMediaCo . com +💬Telegram: thecryptomediaco +All other socials can be found on the website. +I've been working for 16 years. I have never made more than 11 bucks an hour. I have never received unemployment before, despite definitely needing it at one point in my life and being fully deserving- but that's neither here nor there. + +Before this pandemic, my weekly checks were 350 dollars. My monthly bills were 920, not counting food or gas or golly gee just the occasional once or twice a month eating out. You guys can do the math there. + +Never take vacations. Literally ever. No time or money for them. + +Now I'm getting almost 1000 bucks a week... to just sit on my ass. For the first time in 16 years. + +"Problem" is, my boss wants to open back up next week... and I'm sitting here really wanting to continue ACTUALLY BEING ABLE TO SAVE MONEY to pay off my crippling school debts. + +Am I wrong for trying to be a bit of a weasel, here? Anyone else in a similar boat...? + +Thanks for your time. + +To the rest of you that have nothing better to do than downvote this thread and my resulting comments.... Uh, well, I guess I hope I helped you feel better about how superior you are to people like me. +This is not intended to turn into a political flame war, though doubtless it will become one. To those of you who say that politics shouldn't be discussed on an investing forum, I say: If you think politics and the market are divorced from each other, then you don't understand either. + +The many issues with the Trump administration are too numerous to be mentioned here. Yesterday alone, Donald Trump blindsided the entire world, not to mention his own administration, with his announcement about the steel and aluminum tariffs. Apparently his own economic adviser was begging him not to do this. He did it anyway. + +His White House has seen an epic turnover of senior staff. Some of those same staff have been indicted by Bob Mueller. More indictments are certainly to come. + +The word on the street this morning is that Gates has flipped on Trump himself. It's entirely possible that Trump will be criminally indicted: for collusion, for money laundering, who knows. Don't believe me? That's fine. You still can't deny that the very fact that the possibility is being discussed is destabilizing. + +I don't care where you stand on Trump politically. We are at the point where we can no longer deny that things are becoming chaotic, and there has never been a time in history when a chaotic government has been good for a market. It's pretty clear that things are only going to get more chaotic in the short term. Nobody has the slightest idea what's going to happen in the long term. + +So, how to play this? Let's discuss sanely and rationally like the intelligent people we are, so that we can help each other get through this. I realize many of you are only interested in holding long term and for you this conversation might not be of as much interest. Myself, though I do hold a few long-term equities, I am also a swing trader of equities and options, and I'm sure I'm not the only one who is feeling a little pain right now. +Hi. + +A few months ago I had a family member pass and I was listed in the will. This is roughly the amount I will be receiving in the next few months. Obviously, I can't sit on this money for the rest of my life and will still have to work. Heres my situation: I'm single, 30 years old, and currently have no dependents or husband/wife. I live in the toronto area and I currently rent and make a 50k salary. + +I'm looking to invest this money and I'd like to manage it myself. My reasoning for that is I've read a bit online about how financial advisors often cant beat the indexed fund return rates and obviously they require a significantly higher MER (or commission? seems like the same thing to me). That really bothers me and for that reason alone I'm having trouble finding reason to entrust my money with any financial advisor. + +I've already put 1000$ in a tfsa and invested in the Vanguard S&P 500 (VFV). I realize that is a trivial amount of money when it comes to investing. I simply wanted to understand the process and get my feet wet. + +I'm most interested in the ETF side of investments since I dont plan on doing anything crazy like day trading on the stock market. I'm fine to let this money sit for the next 10 - 15 years and weather the highs and lows of the economy. I can stomach any losses or gains during this time without pulling the trigger. + +I simply want some input from the experts here. What would be your first steps in my shoes? Please assume also that you dont have any experience in investing. A lot of the jargon still goes way over my head. +If I know about an etf then I can go to their website and get related data. But what do I do in order to discover ETFs? + +Is the any website that compares ETFs based on certain things? On that note, what metrics do you look for in an ETF? I’m looking for a high volume, low MER, high growth ETF (please correct me if there’s a better way to categorize). But idk how to do the research except for going to individual pages or looking at individual price data on the charts. How/where do you guys do the research? +So I had for years been investing through one of the big investor companies before stumbling on this sub. For the past year or so I've played around with investing for myself to save myself from those monstrous MER fees. Within the past week or so I've transferred everything in cash back to scotiabank. During the year or so investing for myself, I've done pretty well with MAW150 and Emera (EMA) in a non-registered account. The breakdown looks something like this right now: + +Chequing: 12k + +Savings: 44k + +Non-registered: $8k in EMA, $20k in MAW150, 70k cash + +RRSP: 37k cash + +TFSA: 80k cash + +During research into looking at where I should invest everything, I was initially looking at VEQT or a mix of 40% VEQT / $40% VGRO + 20% maybe something along the lines of QQQ or an REIT, or something else. In this case, would it matter which ETFs are in which account? And any other suggestions? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Following the alarming rate of news about global warming (rising heat, fires, food supply issues, etc.), I can't help but think that the economy as we knew it won't be able to sustain growth in the future. People say there's always a crisis to worry about, but I think this time is different. We're facing a permanent issue that's only worsening, with very few solutions, and no one wants to take action. Hell, supply chains in many sectors and infrastructures across the globe are already collapsing because of heat. It seems to me that future generations will not care as much about the economy, but more about their survival. In that regard, I believe housing will become in demand more than ever before. + +That being said, I would like to hear diverging opinions that will hopefully make me change my mind. I'm in my mid-twenties and I've been investing almost all of my savings in passive index funds (100% equity). Each week, I drop the exact same amount of cash in VEQT to average overtime, and I'm fine with my strategy. However, I can't help but think that the economy will suffer and that the crazy growth we've been experiencing won't be happening ever again because of greater problems. CMV +Hey guys, I mine crypto using Nicehash on my gaming rig and since tax time is coming soon, I'd like to avoid accidentally committing tax fraud. + +I make about 100 or so every month from my mining. I know it isn't a ton, but I'm quite young and it's a nice easy extra bit of money. + +How on earth am I supposed to report this to the CRA? Would I take net profit and just add it to my personal income? That's what I assume I would do, UT just wanted to see if any other miners here can enlighten me on what they do when tax time rolls around. + +Thanks! +I feel that so many analysts and experts are making this argument, the last was [Ray Dalio just last week on LinkedIn](https://www.linkedin.com/pulse/world-has-gone-mad-system-broken-ray-dalio/) + +I really can't figure out why is this the case, given that money invested ends up in either : + +1) Other investors wallets as per every purchase there has to be a sale + +2) Companies raising money with debt or equity + +3) The federal or state governments raising money with bonds and T bills + +It seems to me that in each and everyone of those scenarios the money actually arrives to spenders, or at least to people who are more likely to have a very high Spending/Investment ratio. + +It seems to me that as long as the money remains in the US banking system it would eventually find its way to spenders, as even in the worse scenario of cash hoarding by institutions and high net worth individuals the mechanism of money creation by commercial banks would get the money in the hands of spenders via loans. The latter would then spend the money even if that's just at the end of the chain of events. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +It’s a safe space, and in times like these we need to be honest with ourselves and each other. + +I’ll go first. + +I’m The Good Rooster and I’m a panic seller. I sold bitcoin during a correction at 8k. + +I sold Ethereum during a major correction at 900 assuming Eth killers had succeeded. I was uninformed and let my emotions get the best of me. + +I sold ATOM at 8$ 2 weeks before it ripped to 20. + +I sold bitcoin again at 18.5 for what I though was an amazing 3k profit. I was convinced it wouldn’t...couldn’t break 20k. + +I’m The Good Rooster and I am a panic seller; but now I buy the dip. I buy the fucking dip. + +Edit: damn this is actually therapeutic for me. Thanks guys! +Over the past week, a spammer has been sending tens of millions of tiny transactions to new wallets. This has been bloating the Nano blockchain which has been putting stress on the validators. + +They were handling it fairly well, until today. The attacker ramped up his attack and averaged 60 TPS, with bursts up to 500 TPS. This overloaded many of the nodes and they have started desyncing. Confirmation time is over 5.5 seconds and climbing fast. Before the attack, it was around 0.2 seconds. Edit: Seems like a lot of transactions aren't going through at all. + +Its unfortunate for the network, but fascinating to watch from a data perspective. I linked some resources below. + + +https://nanoticker.info/ +https://nanocrawler.cc/network +https://nanolooker.com/ +Just turned 20 and have about 7.5k in savings. I don't need a car for work and I don't have expensive taste in things like clothing or other stuff. I legitimately don't know what I'm saving for but I know its for something. What could this be used for 5-10 years or however long down the road. + +Also QLDer as well (best state). +Hi guys + +I've found the first home I genuinely like.. I have submitted an offer, which was rejected, however the seller has expectedly counter offered with a figure I am (was??) happy to proceed with. + +The biggest sticking point is that I've suddenly become, what I feel to be anyway, irrational but severe cold feet about the whole thing and have been having a massive existential crisis. So I'm looking for some other experiences to draw from. + +All-In figures on costs to live (including $560 blow-on-whatever-I-want money, groceries, internet, rego, insurances yada yada) are approx \~4200.. Leaving me with $1350 spare all said and done. Has anyone been in a similar situation? What has your home-owning experience been like with more or less of a buffer? +Idc at this point if I'm called a shill or that this is fud, that's not the intention of this post. I have over 200 shares since January (only drs'd 90 for reasons, trying to drs 110 more). + +The reason for this is I've seen posts for a while now, and especially recently where an ape is saying they're zen, they aren't tired, angry, etc. I'm just here to tell all apes, it is ok to be tired. You don't all have to be completely zen. + +Quite frankly, I'm never selling until I see 8 figures per share because I either live a life I want, or I keep living the same I do now. So it shouldn't and doesn't matter how I feel, and the posts sating apes that aren't zen need to be is ridiculous. I hate my job, I'm lonely af, I hate the state of our world, and I'm sick of living this way. I'm holding for MOASS so I can finally change my way of life, and fix the stuff that I think is wrong with this world. For the apes that are zen, I applaud you, I wish I was in the same frame of mind as you. + +But for some of us, we are miserable and we could really use some money to help us out. I know money doesn't solve all of life's problems, but if I could have the money to open a no-kill dog shelter, or just volunteer at one every day, or get a handful of other jobs/roles that'd make my life way better. I wouldn't keep feeling anxious, exhausted, and depressed most days. + +Apologies for the rant, but I think some apes need to see this amidst everyone saying that you need to be zen, be zen for what's to come, but you don't have to be zen for how things are. I know that's the sentiment anyways, but I think it can get muddled. I don't expect much traction here, but amidst Christmas I want everyone to know that if you are having feelings of FUD, it's ok, but just breathe, reach out to someone (I'm always happy to talk), and know we have the chance to change the world. +I'm stuck in my vehicle in western New York around Buffalo due to the weather last night. Already according to the news several people in the region have died, at least 7, and rescue has been very slow. + +I've been stuck in this spot for **13 hours** and it looks like rescue won't be getting to me anytime soon until tomorrow, or late night at the earliest. + +The problem with that is I can't buy that much time, soon I will not be able to stay in here much longer and will need to abandon the vehicle. It's only 1pm here and it's clear I'll need to leave soon. + +I checked my gps, which already hit my 30% phone battery, and according to google maps there is a hotel about an 11mins walk from me, probably a bit longer with the snow. I called and they are open. + +The Hotel isn't affordable however, so I'm hoping there are last minute Christmas day promotions people can help me find to reduce the cost of the hotel. + +The Hotel is $102 but I need to drop that down. I've only found so far a 10% off promo from Priceline but that isn't anywhere near enough. + +Im hoping someone here can help me find through any of the booking sites, any discounts that can go further than that. I can't look more myself because my phone battery is dying, already as I'm wrapping up this post, it's at 28%. + +I also want to give advice cautioning against buying any old used car. While the storm was still manageable last night before it got really bad, already this baby had started having problems. It ended up breaking down early and I took the hit of the snow dumps that came. + +I would say I'm an example of what happens when you go too cheap. Like many here I could not afford to lease a car and decided to instead by a used car, but instead of buying from a credible dealer, I looked at cars in lots or on people's driveways for sales. + +Sure, the initial investment is much cheaper, but you take on more risk like this. It's better to buy a vetted certified used car even if it's a bit more, from an credible branded dealer than off the street. I made a very biggg mistake. I'm not young either. + +But please, let me know if you can find anything. I have to save my phone battery. I'll have to abandon the car sooner than later. +My daughter started collecting benefits when her father passed, around $80k now. I have held these funds in a guardian account with her name on it. She also has her own bank account that she manages. She is financially responsible, gets good grades, has a part time job, and is all around a great kid. Is there any reason why I shouldn’t transfer all $80k to her now? Or alternatively, I don’t believe I can legally keep the funds anyway, right? (if she wanted to use them I would let her). Just trying to make the smart parent move here. TIA +Though it's "only" been 5 months since I posted my DD [From fake shares to millionaires](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/), it feels like a lifetime ago. If you haven't read it, or can't remember, don't worry. It was about dispelling some common misconceptions, and more importantly, to present my theory for the best exit strategy. It gained a lot of attention back then, and all apes agreed that *selling slowly on the way down* was indeed the way to go. + +Since then, I've gotten numerous requests to repost it, especially the exit strategy part, but since many wrinkles have grown since I wrote it, I've always said that it needs an update first, and I just haven't found the time or motivation to do so, UNTIL NOW. DRS gives us a whole new angle, and requires us all to rethink our strategy. + +This time around, I'll even give you a TLDR! 🥳 + +## TLDR: + +* Forget what I wrote about fake shares 5 months ago, I was naïve. +* If you still believe, like I did back then, that the system is even *close* to fair and well regulated, you are naïve. +* If you believe that your broker holds a real share for every share in your account, you are naïve. +* If you believe that the shares you hold in a cash account with a broker are not lent out to short sellers, you are naïve. +* If you believe the SEC is going to do their job anytime soon? You guessed it; YOU ARE NAÏVE! + +**Directly register your shares!** + +* DRS'ing your shares is the only way to make sure you're actually getting real shares. +* DRS is **the key** for MOASS, not (just) for triggering it, but to make it the true Mother Of All Short Squeezes. +* My theory is that apes will collectively AND individually maximize their profits if they collectively aim to directly register as many shares as possible, and hold on to them for as long as possible, AND hold on to the remaining shares until the price is right! +* No ape should register ALL theirs shares, just MOST of them. +* No ape should DRS any shares they plan to sell before the squeeze is over (not because of that 1M cap, but to keep the squeeze going for as long as possible) +* At least sell all your (most likely synthetic) shares you have at your broker before you even consider selling any directly registered shares. + +**Other than that, pretty much the same guidelines for the MOASS still apply, the most important being:** + +* Don't sell on the way up +* Sell as slowly as possible + +## TADR: + +* Buy, hodl, register = 🦍🚀🌙 + +## 🚀 Where I was wrong + +*Most* of what I wrote in my post 5 months ago, I still believe to be true. BUT you can pretty much *scratch* everything I said about real and fake shares. Although most of it is still *factually* correct, *in theory*, it was wrong of me to assume it was true *in practice*. Back then, I still had at least *some* belief in "the system". I thought the SEC was at least *trying* to do their job. I'll let [Dr. Jim DeCosta and Associates](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) phrase this for me, as it hit close to home: + +>Naïve investors assume that the SEC has created a "level playing field" on these trading venues. They assume that the regulators are professionals, that they know every dirty trick in the fraudsters' playbook, and could recognize a fraud while it is being perpetrated. These investors really think that they are buying "real" shares from a "real" shareholder, perhaps across the country, with a market maker acting as the middleman. + +(Thanks to u/goldielips for [posting the link to this](https://www.reddit.com/r/Superstonk/comments/pqerdx/the_hands_down_best_argument_for_why_drs_is_legit/) earlier today.) + +Five months ago, I was indeed a "naïve investor", I think most of us were, but after all we've seen and learned since then, what I wrote back then indeed seems quite naïve now. What we have learned is beautifully summarized by another gem from Dr. Jim DeCosta et al: + +>In a nutshell, the current system for clearance, settlement, and delivery in place at the DTCC allow fraudsters to sell nonexistent entities for literally billions of dollars. The Automated Stock Borrow Program at the DTCC converts these nonexistent entities outside the DTCC into "Counterfeit Electronic Book Entries" (CEBEs) inside the DTCC via "the borrow" which creates "good delivery" which, in turn, allows the trade to "clear and settle" (C and S). C and S allows the DTCC to earn fees, its participants to earn commissions, and its participating market makers to earn "mark-ups". The CEBEs can then be sold to anybody because they are commingled with real shares and **until all real shares have been removed from the DTCC via share registration programs** any sale is PRESUMED to be that of a real share. + +Now, as the wrinkly-brained, well-informed ape you are, you're probably thinking: *"So, what's new?"* + +Well, the **mind-blowing** part is that this was [submitted to the SEC](https://www.sec.gov/rules/proposed/s72303.shtml) **on January 22, 2004**, in response to the then *proposed* [Regulation SHO](https://www.investopedia.com/terms/r/regsho.asp), which was implemented in 2005 to address this problem! + +Let that sink in. + +Seriously! + +**This was submitted to the SEC more than 17 years ago, and NOTHING has changed!** + +In fact, dr. DeCosta basically says nothing has changed since 1934: + +>What is really troublesome to the legal community is the fact that the SEC already has in its possession the power and the mandate to address these naked short-selling problems. The 1934 Securities Exchange Act gave it to them. + +Reg SHO from 2005 and the 2010 amendment after the financial crisis were supposed to (finally) eliminate naked short selling, so how can it be that Dr. Jim DeCosta et al describe EXACTLY what we're experiencing TODAY?! They describe in detail pretty much EVERYTHING we have uncovered in the last 9 months about naked short selling and synthetic shares, and more! + +Just look: + +>\[Securities that\] are the most susceptible to short selling frauds, do not have a high percentage of shares that are "lendable" since most of these shares are non-marginable. In naked short selling, this, the most important intrinsic governing mechanism is gone by the wayside. This fact, in conjunction with the DTCC's allowance of a "real" share to be loaned out in more than one direction at any given time, accounts for the reason we find "open positions" or accumulated fails to deliver or loans made to mask these fails in excess of 300 and 400% during the discovery phase of naked short selling civil cases. + +And here: + +>Once into the DTCC all shares, real and fake, are conveniently held in an anonymous pooled format which camouflages the existence of the fake shares. The real and fake shares then play a gigantic game of "musical chairs" at the DTCC, circling around chairs the number of which match the number of "real" shares only. But since the music never stops at the DTCC, i.e., no periodic aging and quantification analyses of failed deliveries and loans made to mask failed deliveries, the fraud goes on undetected and the shareholders never do figure out if they bought real or fake shares. + +Another gem: + +>The fiduciary duty of care owed to the client/investor seems to disappear as the shares purchased head into the DTCC where they are held in an anonymous "pooled" format. + +Damn... Need I even say more? And I could go on, giving you quote after quote. If you don't believe me, just read the damn thing yourself! Here's the link again: [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +^(\(Now, as a fellow ape, I don't expect many of you to be bothered to actually read the whole thing, just because I happened to serve you the link, and quote it a lot. After all, it's quite long even by non-ape standards. But it is also quite readable, and I can assure you it's going to blow your mind, and be worth every single minute you spend reading it.\)) + +At this point, I think we can all agree that: + +* The US securities market is *NOT* a "level playing field". +* The SEC are *NOT* doing their job, they haven't done sh\*t in the last 17 years, and it was *NOT* a new problem back then! +* If the regulators *are* professionals, know every dirty trick, and can recognize a fraud, they are *NOT* doing anything about it. (Kind of makes me hope they are as naïve as me, otherwise, the implications are quite severe *\*cough\* prison \*cough\**.) +* We are *NOT* getting real shares, even though we pay for them. + +## 🚀 What I missed + +I might have been too naïve in my DD when it came to fake shares, but my exit strategy and reasoning behind it was, dare I humbly say, SPOT ON! (Please remember I wrote this when pretty much nobody had heard about "the infinity pool" and "selling on the way down".) + +There's just **one detail** I didn't know about back then: + +## DRS! + +For a long time now, we've been telling ourselves, "Sooner or later, they'll have to close, and they'll have to buy back all our shares. We just need a trigger!" We have known all the time that we were just missing one thing: **The actual demand for our shares!** + +Well, as it turns out, most of our shares are probably fake, and their supply of fake shares is all but limitless, so why should they even want *our* fake shares? The simple answer is, they don't. They will never buy them, unless they are forced to. And by now, I'm convinced that **the only way to force them is to deprive them of all real shares.** And this is *exactly* what DRS gives us the opportunity to do! + +The continuation of the first quote I gave you in this post is: + +>\[Naïve investors\] see no need to ask for the delivery of their certificated shares to prevent fraud. In fact, corrupt broker/dealers will attempt to talk their clients out of demanding certificates and/or make it cost prohibitive to do so. + +And don't forget the last part of the second quote: + +>The \[fake shares\] can then be sold to anybody because they are commingled with real shares and **until all real shares have been removed from the DTCC via share registration programs** any sale is PRESUMED to be that of a real share. + +Oh, Jim, we have been naïve, but now we know! + +So, without further ado, I present to you: + +## 🚀 My (updated) theory for the best exit strategy - DRS edition + +One of my favorite movie scenes is from "A Beautiful Mind" when John Nash (Russel Crowe) realizes that "the best result will come from everyone in the group doing what's best for themselves AND for the group". This "Equilibrium Game Theory" is highly relevant here. + +If all apes acted to maximize the gains only for themselves, everyone would just try to sell before everyone else, because in the end, the \~75M real shares don't need to be bought back, and nobody would want to be left bagholding any of those. The result would be that this would end up as the puniest short squeeze ever, and nobody would get any real tendies. + +On the other hand, if nobody thought of themselves, everybody would try to directly register all their shares, and never sell any of them, but keep hodling to make sure this becomes an infinite squeeze. (I say "try", since no more than the number of shares outstanding may ever be directly registered, so given that apes own more than the float, it would be impossible for *all* apes to do so.) Even if this would become the biggest squeeze ever, the true MOASS, the apes with all their shares directly registered wouldn't get any tendies at all, since they never sold any. + +The point is, **if apes want max tendies, apes need to find the middle ground between looking out for themselves, and looking out for the group.** + +But how is this achieved? + +### 💎💎💎 My theory is that apes collectively AND individually will maximize their profits if they aim to get as many shares as possible directly registered by apes, and hold on to them for as long as possible, AND hold on to the remaining shares until the price is right! 💎💎💎 + +If all shares were DRS'ed, any shares apes would have left in "street name" (with a regular broker) would need to be fake, which means that as long as apes would have any shares left with a broker, **the squeeze would not be over!** It would truly be an infinite squeeze, and every ape could in theory simply name *whatever* price they wanted, even for a single share, so there should be no need to keep more than one share with a broker. (Why sell 10 shares for 500M, when you can sell just one for the same price?) + +Now, this is the ideal scenario, and no ape should *expect* the ideal to occur. In fact, I believe it is very likely that the rocket may launch long before all shares are DRS'ed. It may be enough to limit the supply for DTCC to some extent, or maybe they will see where this is headed, and realize they have a better chance of getting their hands on real shares at a "reasonable" price while they still have at least a few of them left to manipulate? All this means for apes is that we need to stay cautious and determined, as the Shits will desperately be throwing all of their dirtiest tricks at us, and the FUD campaigns will be like nothing we've ever seen before. + +## 🚀 Don't register ALL your shares! + +This may sound counter-intuitive, given that I *just* underlined the importance of apes getting as many shares as possible DRS'ed. But after thinking about this for quite some time now, and having had quite a few discussions with fellow apes on the subject, I've finally arrived at the conclusion that apes *collectively* are actually best served if nobody registers *ALL* their shares. + +## Forget about any possible $ limit for orders with ComputerShare! + +That's not the reason! The reason is simply that all apes should get their tendies, but no ape should sell DRS'ed shares! This means that no ape should DRS a share they might even *consider* selling before the squeeze is over. + +I've seen quite a few apes saying they will never sell a single share, and hold forever just to "f\*ck the hedgies," but how can you resist the temptation of selling "just one tiny, little share" for life-changing money? I mean, one little share can't hurt, can it? Or just 2? or 5? After all, there are, what, 75M shares out there, who will even notice? *AS IF* you'll be the only ape having these thoughts! When thousands of apes cave in even just a little, and release real shares back to the market, it will relieve the squeeze, and hurt every ape in the process. Just DON'T. It's MUCH better for all apes if you keep one or two, or X shares with a broker, which you may consider selling *when the price is right for you*. + +On the other hand, don't keep too many shares with your broker! As I said, in theory, it should be enough to leave just *one* with your broker, but that would definitely require some diamond balls, and I understand very well if that feels too risky for the common ape. In the end, as always, it's up to *you* what you decide for *your* shares. Just keep in mind that the more you register, the more you contribute to the squeeze, which in turn contributes to the return you'll get on your remaining shares, and the shares of all other apes. (Personally, I'm thinking I'll try to DRS at least 90% of my xxx shares.) + +Finally, I'd like to say there's no hurry! We have finally found "a sure thing", and it has no deadline. Like most apes, I have been trained to reject anything that is presented as urgent, and I was really skeptical towards ComputerShare and DRS the first few times I read about them, partly because it was presented as something urgent, with just a hint of FOMO. It's not urgent, and no ape will miss out of anything if they don't DRS their shares. But I believe our goal *should* be to DRS every single real share in existence, and this may require most of us to pitch in. If all apes are sitting on the fence, just waiting for "all the other apes" to do the job, we won't register the entire float, no matter how many times over we own it. It won't be too late, just too little. It's never too late to get your ass off that fence, and the sooner you do so, the sooner you will find it in a seat inside a rocket heading for the stars. + +## 🚀 Yes, yes, but what about that nasty 1M cap for ComputerShare orders? + +Didn't I tell you to forget it? (Edit: According to [this post](https://www.reddit.com/r/GME/comments/pq959e/gamestop_computershare_update_1_gamestop_is_in/), it’s even been debunked.) I'm telling you nobody should sell any DRS'ed shares before it's all over! *\*Sigh\** Fine! Since this still worries a lot of you, and is even preventing some of you from DRS'ing your shares, I'll say a few words about it anyway... + +First you need to know that it's illegal for any broker to execute trades outside of the [National Best Bid and Offer (NBBO)](https://www.investopedia.com/terms/n/nbbo.asp) during regular trading hours: + +>The Securities Exchange Commission's (SEC) Regulation NMS requires brokers to trade at the best available ask and bid price when buying and selling securities for customers and guarantee at least the NBBO quoted price to its customers at the time of a trade. + +This is a regulation that is actually strictly enforced. So if there's a bid at 50M, it's *illegal* for any broker (including whatever broker CS employs to execute trades) to sell your share for you at 1M. (And what incentive would they have to do so anyway?) + +Second, the $1M cap is not about what they are "able to process", or what they will actually get you for your share, they just won't allow you to place a limit order online for a higher amount. They have reassured many of us that no matter the current NBBO, we'll still be able to place limit orders at $1M (or market orders), and that the order will be executed at the current best bid. + +Now, suppose GME at some point is trading somewhat steadily with a bid around 50M. Even if I place a limit order at 1M, I can expect my order to be filled at around 50M, as the order will be filled at the best bid. The WORST CASE scenario is that, at the exact time I place the order, the best bid suddenly drops to 1M, and my order is filled at that price. But even then, if I repeat this X times for a single share at a time, I’m guaranteed to end up with at least X million, which is still a HUGE amount of money for me, and the *expected* return would be close to 50\*X million. So in my opinion, given that you shouldn't plan to sell any DRS'ed shares anyway, that 1M cap is hardly an issue... (For a market order, the worst case scenario is in theory $0.0001 per share, just saying.) + +## 🚀 Guidelines for MOASS + +As I mentioned, we shouldn't *expect* the ideal scenario, where apes hold all shares DRS'ed, and can name their price for the remaining shares. The rocket may launch before all shares are DRS'ed, and even if all shares are DRS'ed, we can't really trust every holder of a DRS'ed share to diamond hand. We won't know how many shares are DRS'ed, and we won't know who holds the ones that are. But we DO know that the more and the longer shares are kept off the market (both real and fake), the harder this will squeeze. This leads us to a set of guidelines to maintain the squeeze for as long as possible, and make sure all apes get serious tendies! + +🚀 **Sell all the shares you have at a broker first, before you even consider selling any DRS'ed shares!** + +This should be quite obvious by now. Ideally, no DRS'ed share will be sold by any ape, ever, or at the very least, not until the squeeze is truly over. Selling DRS'ed shares will give real shares back to the DTCC, and the only thing you can trust them to do with them is all kinds of fuckery to shake off apes. + +🚀 **Never sell on the way up!** + +By now, unlike the first time I posted this, this is pretty much generally accepted as one of the most important guidelines to follow during MOASS. For most apes, it will definitely be tempting to start selling off shares quite early to secure some profits, cover the original investment, etc., but don't! Selling on the way up will not only take fuel from the rocket, but if it's not an infinite squeeze, it will ultimately reduce the squeeze, reduce the peak, and in the end reduce your own returns. Every share you sell before the true peak is reached will reduce the peak. **Only start selling when you feel certain that the peak of the squeeze has been reached!** + +You will hate yourself for selling even one share at any lowball number when you see GME trading 10x, 100x, 1000x higher a few days later. And remember, instead of e.g. selling 10 shares at any half-decent number to secure some gains, it is FAR BETTER for both you and for other apes if you sell *one* share when it's trading 10 times higher, and get the same gain but have 9 shares left! With the remaining shares, you can then wait to see if it squeezes even higher after all, or slowly sell on the way down, without causing the price to plummet, which brings us to the next guideline. + +🚀 **Sell as slowly as you can!** + +Once you believe the squeeze has peaked, you should still not sell off your entire position at once. Not only would that ease the squeeze, and contribute to panic selling and a quickly plummeting price, you may also miss out on the true peak. If you sell only a small fraction of your shares at a time (preferably just one at a time), you will help maintain the peak of the squeeze for as long as possible, and help your fellow apes get some tendies as well. + +🚀 **Be prepared for turbulence!** + +The way to the highest peak will not be a straight line if the Shits can help it, and dips are to be expected even after the rocket has launched. Just imagine what it would look like if a major whale decides to cash in at a point. The price would stagnate or even dip significantly, but the squeeze won't be over until the apes say it's over! (At this point, I'm pretty sure the Shits will blatantly ignore every single rule and regulation they are normally bound by, even more than they currently do, and do whatever they can to stay afloat. Or, they may just pack up their bags and go pick up their hidden reservers in the Caymans, and watch from afar as their businesses go boom, who knows. Just stay vigilant, and prepared!) + +🚀 **Believe in the MOASS!** + +Lack of faith is what causes paper handing and panic selling. The squeeze is a self-fulfilling prophecy. You decide when to stop squeezing using your shares! + +🚀 **Trust your fellow apes!** + +Apes together strong! In the end, squeezing those Shits is a collective effort, and the peak of the squeeze will be determined by the collective effort of all apes. If you trust that your fellow apes are holding, you will hold too! + +🚀 **Don't listen to** ***anyone*** **saying the squeeze is over until it is over!** + +The MSM, and probably even our subs, will be overrun by people telling you to "cash in before it's too late", or anything that will convince you that the squeeze is over, and all other apes are selling. Don't you dare believe them! Stay calm, stick to your plan, and follow the guidelines. This is not over until it's over! + +🚀 **Continue requesting your broker to DRS your shares.** + +Now, this is for you who not only have diamond hands, but also diamond balls. During MOASS, we may expect shares to be released from DRS to DTCC, both because of paper hands, but mostly because of whales who may have DRS'ed their shares, and may sell at a price most apes would consider paper-handy. So if you didn't get most of your shares DRS'ed before the launch, considering your diamond balls, you will call your broker now to request a transfer to ComputerShare. At the very least, this will keep the pressure on your broker, and on DTCC, to deliver real shares, and if you are really lucky, you may even succeed! + +## 🚀 Disclaimer + +Obviously, I'm not telling you what to do with *your* money, and *your* shares, and you're ultimately on your own when it comes to every decision regarding your shares and your money. This post only presents what I *believe* would be best for you and every other ape, and why I believe so. It's up to you alone to decide for yourself what you want do with this information. + +Good luck! +So we are renting a house. Few weeks ago the landlord put it up for sale asking for 257k, the agency didn't get much offer so they reduced the price to 250k. Since I am the current tenant I thought it would be easier and more practical if I bought the house so I offered 238k. The landlord rejected it, agency said he wouldn't sell it for less than 250k. +So after lots of thoughts I've offered 250k. +The agency just got back to me saying they assumed he would accept 250k but now he's rejected it and since we've been 'good tenants' he's willing to accept 252k from us. + +I know this is not much and I can do it but I feel like the landlord is trying to use us. Any advice is appreciated. I want to be reasonable in dealing with this. + +The house had only had one viewing which they didn't like and it's been on the market for about 3 weeks! +We've been renting for more than 3 years here and never missed or delayed any rent. +Hi guys, my ex partner is buying me out of my half of our shared house. I'm looking to use the money as a deposit on a house of my own. I've actually moved back up north where house prices are much more affordable, so my budget is reasonably flexible. + +The thing is I'm single with no dependants, a little 2-bed house would be more than enough. But then, I would like to eventually meet somebody and have children in the future. But then maybe that won't happen, who knows what the future entails. + +So my question is, from a financial perspective.. would it be wiser to buy a smaller home that accommodates myself just fine. Or.. spend the extra, get a bigger 3-bed house in anticipation of a possible family in the future? + +I think I'm leaning towards the cheaper, smaller house to be honest. I guess I could always sell and upgrade if/when a family came along. +**Edit:** We have to call it a day now and get back to working on the project. Thank you so much for the great questions. We're happy to have the opportunity to interact with you all and help share a bit about our team. Thank you r/cryptocurrency moderators again for the chance to be here and the community for the great questions. Thank you to u/RockTheBlockchain for coordinating this event with us. Be well - be safe - be harmonious. + +# Greetings from Harmony! + +We are the Harmony team - here to introduce ourselves, talk to you about our latest milestones, answer your questions, and meet you all in the comments section. + +Today's AMA is special to us and we want to start by thanking the[ r/Cryptocurrency](https://www.reddit.com/r/Cryptocurrency/) moderators and community for hosting us. + +[Harmony Team](https://preview.redd.it/f01y8ulzwza71.png?width=4800&format=png&auto=webp&s=bb4e2205c08879919aae389cb7e0c5ec9739917a) + +**Team members for today's AMA:** + +* Stephen Tse \[Founder\] +* Rongjian Lan \[CTO\] +* Sahil Dewan \[Product\] +* Leo Chen \[Engineering\] +* Peter Abilla \[Marketing\] +* Ganesha Upadhyaya \[Research\] +* Li Jiang \[Business\] + +\++++++++++++++++++++++ + +# About Harmony + +Harmony is your open platform for assets, collectibles, identity, governance. We are an open and fast blockchain. + +Our mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance and other chains. + +Build on Harmony, run on all chains. Be the ONE to bridge to all blockchains. + +ONE is the native token on Harmony used for staking, network fees and on-chain governance. Harmony also supports HRC20 tokens, and HRC721/HRC1155 non-fungible tokens. + +Harmony is fully Ethereum compatible. Developers can enjoy faster Ethereum Virtual Machine execution and use all standard Web3 tooling while users can use Metamask to access applications. + +&#x200B; + +[Adding Harmony to Metamask](https://i.redd.it/m8oce5j3xza71.gif) + +Developers and users can also benefit from Harmony's instant transaction finality in 2 seconds and 100x lower fees than Ethereum. + +[Low Fees & 2-Second Finality: Decentralized Exchanges on Harmony](https://i.redd.it/gjtqtwcz60b71.gif) + +Our ecosystem has seen tremendous growth and we're excited to have you join the many applications part of the Harmony network with fast finality and low fees. + +\+++ [**Click here for our ecosystem!**](https://docs.harmony.one/home/general/ecosystem) \+++ + +\++++++++++++++++++++++ + +# Recent News & Achievements + +**1.** [Sushi $4M Incentives](https://medium.com/sushiswap-org/we-are-family-use-sushi-on-harmony-a-harmony-bridge-tutorial-5ab6b09870da): we announced a full-stack partnership with Sushi, including $4M in incentives for liquidity mining and Kashi lending. Add liquidity and start yield farming on SushiSwap today. + +[Sushi on Harmony: Swap, Stake and Earn ](https://i.redd.it/ycfg4fdbxza71.gif) + +**2.** [Terra Bridges UST Stablecoin](https://cryptobriefing.com/terra-and-harmony-announce-tight-full-stack-partnership-focused-on-users-developers-and-mass-adoption/): we are bridging with Terra via the Shuttle Bridge and bringing Wrapped UST stablecoin to Harmony. We’ll also be deploying ONEAnchor, a savings account (i.e., fixed yield) to Harmony. + +**3.** [New Explorer](http://explorer.harmony.one/): we have launched our new explorer with contract verification, and much more details for contracts, addresses, smart contract transactions, HRC20 / HRC721 / HRC1155 & more. + +\++++++++++++++++++++++ + +# Looking Ahead + +**1.** [1BTC Bridge](http://harmony.one/1btc): we are working on wrapping BTC as cross-chain collaterals, that is capital efficient and fully trustless as on-chain and open-source contracts. This will give BTC holders access to a variety of decentralized finance products on Harmony. + +**2.** [$1M Hackathon](http://harmony.one/prizes): we are hosting a global hackathon with our partners Gitcoin and Dorahacks which will focus on bridging developers from traditional finance to DeFi. Our themes are “Cross Chains with Trustless Bridges”, “Social Wallet with Keyless Security”, and “Cross Border with Fintech Integrations”. + +**3.** [1Wallet](http://harmony.one/1wallet): we are building a crypto wallet for the next billion new crypto users. The 1Wallet will use on-chain security with a one-time-password authenticator and have social recovery. Users will no longer need to have hardware, seed phrases, or private keys. + +\++++++++++++++++++++++ + +Thank you again to the[ r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) community for hosting this AMA and to everyone here and interested in knowing more about our project. Special thanks to our subreddit moderator u/RockTheBlockchain for organizing this event. + +**Gifting Subdomain NFTs** + +We will also be gifting a first of its kind subdomain NFT on the Harmony blockchain to the top voted and answered questions. They will receive a [crazy.one](https://crazy.one/) name, which are live internet domains and your personal subdomain (i.e. [s.crazy.one](https://s.crazy.one/)). These domains can be linked to your Harmony ONE address and soon be your identity in Harmony ecosystem applications. + +The top 10 voted and answered questions will receive a 7-character subdomain, valued at 1,000 ONEs each. The next 11-50 will receive a 8-character or longer subdomain, valued at 100 ONEs each. We'll reach out to winner to obtain your preferred subdomain name, ONE wallet address, and Twitter account. + +&#x200B; + +[Harmony Snoo :\)](https://preview.redd.it/nojjh0cnz1b71.jpg?width=4800&format=pjpg&auto=webp&s=984cca6d352a6d9e7289cc9f6634b9b04e3643c9) + +Thank you so much for all of your support! +From WSJ: http://www.wsj.com/articles/deutsche-bank-is-asked-to-pay-14-billion-to-resolve-u-s-probe-into-mortgage-securities-1473975404 + +> The U.S. Justice Department proposed that Deutsche Bank AG pay $14 billion to settle a set of high-profile mortgage-securities probes stemming from the financial crisis, according to people familiar with the matter, a number that would rank among the largest of what other banks have paid to resolve similar claims and is well above what investors have been expecting. + +After hours $DB (5:58 PM EDT) = 13.75 | -1.01 (-6.84%). +[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/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>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! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [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/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) + + +**TL;DR:** I've noticed before every upward move in January, March, and June, crypto (most notibly 🅱️COIN) has always had a downward move weeks before. This was also really complicated to format 100 times because it couldn't be posted. Sorry if it's messy now. + +\---- + +Hello apes. This is my first DD posted to Superstonk. I am by no means a Financial Advisor. My brain is half wrinkled, half smooth. It's a blessing and a curse. But anyway, here's my theory. I've compared GameStop, [🅱️](https://emojipedia.org/b-button-blood-type/)coin, and AYYMC all in one chart, because there are correlations that shouldn't exist, but do anyway. *Take a look:* + +&#x200B; + +[Candlesticks represent GME. Orange Line represents crypto word. Blue line represents AYYMC.](https://preview.redd.it/ezn3duwiy9m71.png?width=1905&format=png&auto=webp&s=38316192410f475f87a86780e9b2e0d365fe2f73) + +The past is not a prediction of future events, but I'm a firm believer that history always finds a way to repeat itself. Charts are a great way to see where a stock might go in the future. When you start to see correlation between assets that shouldn't correlate at all though, that's where things get interesting. + +# Let's start in January: + +🅱️**coin reaches it's first all time high at $40,000. Sells off the $33k a week later, then back to $40k another week. The next sell phase we see GameStop start to rise. 🅱️coin continues to fall as GME hits it's all time high of $400+.** + +GME sells off to $40. And 🅱️coin has a fun ride up to $55k all on February 19th. +The next week, GME rides to $185, while 🅱️coin sells off again to a new low of $45k. + +Now if I look at the month alone, I probably couldn't come up with this theory. It could have just been a coinicidence that 🅱️coin went down while GME went up, and the opposite when the sides have flipped. But I've had 8 months of data to look at afterwards, and this is where the theory gets real interesting... + +&#x200B; + +[Credit to some guy on TraderView.](https://preview.redd.it/w0o074jmy9m71.png?width=1423&format=png&auto=webp&s=0873e9cc79c1f27de7d16d2e93bf3998ca6d6db3) + +# And here comes March: + +GME's runup to $350 pokes a hole in my theory that our favorite stock isn't actually related to 🅱️coin. I've dug around the news during the first week to see if I could find anything. **This was a critical point when Elon said Tesla wouldn't accept** 🅱️**coin anymore... And this was also the month 🅱️base went public.** +April and early May, we trade sideways for GME and AYYMC, while 🅱️**coin** heads higher and higher. + +If there's anything I need help with for this DD, it's finding why this is the only outlier in my theory. If you know of anything that could hold this together let me know. + +&#x200B; + +[What am I doing wrong?](https://preview.redd.it/f9hxtoxpy9m71.jpg?width=312&format=pjpg&auto=webp&s=7fc52809754e6a36d7798d537d416d94645ac75d) + +# Late May into a violent June: + +On 05/11/21, 🅱️coin will see it's most violent sell off to date. The asset plummeted from $55k to $35k in just 2 weeks. But during that time, we see GME and AYYMC break that sideways trend and show some life. + +On June first, GME hits $250 again, while AYYMC hits an ATH of $70. GME will continue to rise to $350 while AYYMC bounces from the $40s to $60s. 🅱️coin continues to plummet to $30k. Then the news of Gamestop selling shares driving the price down to the 200s, and more sideways trading commences. AYYMC has a more violent sell off in the coming weeks, but then shows that sideways trend as well. + +🅱️coin hits a yearly low at $30k on July 20th, 2021, roaring upward since. + +# August 24th and onward: + +I've read a lot of great DD's on this subreddit. We all know who [u/Criand](https://www.reddit.com/u/Criand/) is, and I think by far he's put the best picture together for all of us. But take a look at a recent comment he posted yesterday: + +>A few large entities probably control the majority market cap of most coins due to the upwards of 100x leverage they can get through t3ther. $10B initial investment on 50x leverage? Boom. You now basically control all of the coins by market cap with $500B buying power and can manipulate the price at a whim. +It's scary, realizing that the price movements could all be because a select few entities control the vast majority of the coins. Imagine what happens if they fail a margin call and liquidate. Exactly what happened the morning of September 7th, but worse. Phwoom. Prices drop to nothing in minutes. +\-[u/Criand](https://www.reddit.com/u/Criand/) + +The hedgefunds control the crypto. They have to liquidate 🅱️coin to be able to survive being margin called. I don't believe it's a coincidence at all. + +**THIS IS THE REASON WHY CRYPTO TENDS TO TANK BEFORE ANY MAJOR MOVE. THIS IS A SIGN THAT IT IS COMING. In his post about the theory of everything, crypto has ALWAYS tanked in that 15 day time frame highlighted here:** + +&#x200B; + +[Credit to u\/Criand](https://preview.redd.it/qhcvukyry9m71.png?width=2434&format=png&auto=webp&s=9befe009bf0a6c518966140b1510b95957508d9f) + +&#x200B; + +This is not a professional DD, but I tried my hardest to make it as clear and concise as possible. Let me know what you all think. I am not a financial advisor, but my very opinion is that the first domino has already fallen, and it's just a matter of time before the rest do as well. Peace and love apes, can't wait to see the story that unfolds. + +&#x200B; + +[🅱️coin is one of these.](https://i.redd.it/i7ctiissy9m71.gif) + +*This is not financial advice. I am not a financial advisor. I'm just a diamond handed ape holding for life change moolah. Buy. HODL. Freedom.* +Sorry if this is the wrong sub! + +I'm paid $65,000 annually, or $2,500 bi-weekly. Located in Oregon. + +I just received my first paycheck notification (haven't actually got it yet, just the notification of what it will be), and it's $1,536.18. A whopping 39% withheld. + +I want to say I claimed 0 on my federal and state allowances. Only $20 or so is withheld for dental, vision and health. + +What can I do to fix this? I realize I'll receive a refund at the end of each year, but I don't think that's ideal! I'd rather have it now, and owe a little (or hopefully nothing 0/0). + +Thanks for your time and help! + +Edit: Well, this blew up. I want to say thank you to everyone who commented and shared. Your advice and tips are much appreciated! I will be modifying my allowances to a point where I hopefully receive or owe just a few hundred at the end of the year, instead of getting a refund of several thousand. Again, thank you everyone! ***This thread has been LOCKED by the mods, but I hope it serves as a good reference for those searching in the future.*** + +Edit 2: I was able to look at my deductions, and I've been taxed twice for two states! Once for Oregon, the state I reside in, and once for Georgia, the state where my company is located. I work as a remote employee, and their HR/payroll department must have screwed something up! I'm waiting to hear back from them now. But that partly explains why my paycheck had so much withheld. Thanks again everyone! +Hi folks, just a quick one and hoping to hear from a mortgage advisor or similar because I don't want to commit fraud!! + +I finish my PhD in April so my funding ends. Putting feelers out to move so doing an affordability check next week and I know this will be one of the questions. I expect my income to increase because I will get a job and won't be on a stipend. Nothing is lined up though, and although I don't have any doubt I'll be able to immediately get a minimum wage job at the minimum and a better paid job in ideal circumstances, I'm not sure if its fraudulent to answer no to the question when I know my fixed term paid period will be ending in 5 months. + +Advice? If it's relevant, the house we are looking at is 280k, we have roughly 80k equity right now + some savings too if needed. I am currently on 17k stipend and OH is on 28k salary. + +Edit: just to emphasise, I'm not asking about if lenders will accept a stipend as income because our lender granted our initial mortgage based on a 14k stipend and a 21k salary. I'm asking about the fixed term nature of the role now and if anyone knows how lenders may approach fixed term contracts due to end in the future. + +UPDATE 16/11: In case it helps anyone in the future!! Spoke to a mortgage advisor and he thought we could be okay if I could provide a letter from the uni regarding a future position (not really possible) so I kind of wrote it all off. I had an appointment with my current provider (Natwest) after this so went along anyway and I was crystal clear my stipend income would be ending in April and he was not fazed at all... he said as long as I can present my current 3 months payslips they can lend on my income up to a value that would secure us the house that has come up. I'm not 100% it's as easy as that but I have an AIP based on exactly what I told him! So let's see how it goes once we put an offer in and process the mortgage application! Thanks everyone for the help. +I've been learning python and am trying to do backtesting and created a pretty basic strategy to make it easy. + +How would you backtest this strategy: + +criterias: + +* new day +* if BTC drops x% below daily open +* and then BTC rises y% above daily open +* place limit buy at daily open and stop loss z% below daily open +* if limit order filled, close long position after 1m + +I've looked for tutorials but most of them use moving averages or other indicators. + + +I believe i would need historical price charts 1m timeframe for the last year. Then load them into pandas so each day is one line and then basically loop through all the minutes for each day but i cant seem to find the data in that format. also not sure if thats the optimal way to do it. + +any help appreciated +Implemented a C++ socket client that processes price ticks from FTX and noticed that the timestamp sent with the tick lies 1.0-1.5 seconds in the past when they arrive. When I ping the server, latency is only 20ms. I stopwatched the function that processes the data and it only needs a few microseconds. + +I thought it was maybe the boost socket library I was using, so I implemented a quick socket in python and the delay is remarkably very similar. I know python isn't exactly fast, but the fact that I see the same delay in both has me thinking the issue is not that I'm not consuming fast enough. + +Anyone have experience dealing with websockets from crypto exchanges? Is this normal? + + +Edit: Here's a very minimal python script I used to test if the delay is present + + import websocket + import datetime + ws = websocket.WebSocket() + ws.connect("wss://ftx.com/ws/") + ws.send("{\"op\": \"subscribe\", \"channel\": \"ticker\", \"market\": \"MATIC-PERP\"}") + + while True: + print(ws.recv() + " " + str(datetime.datetime.utcnow().timestamp())) + +It prints the json containing the tick's timestamp at the end and the current timestamp next to it so you can compare. If utcnow() returns a wrong timestamp as it did for me, you can replace it with now() + +Edit: **As some have pointed out, the problem was indeed the system clock being out of sync (1 second ahead). Windows built in sync feature was unable to remove the offset, even when using different NTP servers for the sync. Downloaded an open source third party syncing tool NetTime and now the offset is gone.** + +The same benchmarks now show roughly 100ms delay, which is more believable than 1000+ +Hey guys I'm currently subscribed to IEX Cloud's yearly plan. Their API is pretty good and the documentation is solid. + +My only grip is their historical data only goes back to 2007. + +Is anyone aware of other API's that can go back further? + +Thanks +While Algo trading in general asset classes such as equities, FI, derivatives, etc are popular, there are many people who do algo trading in sports. I believe there is a lot of potential in form of market anomaly in Sports betting. While I read some research papers, they are very basic and I have not come across any paper/article establishing strong statistical model which describes at least a set of games. My intuition says there has to be mathematical models that apply categorically on matches of different sports. Does anyone have any lead on this in terms of research paper or articles or books or perhaps personal experience? +Currently figuring out how to properly store order book data from a cryptocurrency exchange. Connection is via websocket, we're talking about \~500 pairs/instruments, probably more than 1 update per second for each one of them. I'm reading a lot about SQL, InfluxDB, HDF5, Apache Hive, plain text and whatsoever. Right now, I'm leaning towards using InfluxDB due to the time-series nature of the data. The database shouldn't be used for live trading, rather for doing data exploration/analysis. + +Does anyone here have experience with creating their own database with (crypto) order book data? Willing to share their experience/advice? +Or, similarly, what's the worst financial behaviour you've witnessed? + +The number of friends/peers (in their twenties and thirties) who have taken out payday loans and are still paying them off years down the line is unbelievable. Uncanny. Not only that, but the loans, without fail, were purely for fun. There was no return at all. They were always for holidays and the latest games console or whatever. +I know I can save the most money by buying an ultra cheap used diesel car or whatever, but if I want a hybrid/electric, what's my best bet in terms of value from a personal finance point of view? + +Perhaps a used prius? (drawback being everyone thinks you're an uber driver!). +Their github makes it look like this happened back in August, but I could swear I would notice a change like that. Here is wikipedia on the new license: + +>Microsoft Reference Source License (Ms-RSL) + +>This is the most restrictive of the Microsoft Shared Source licenses. The source code is made available to view for reference purposes only.[14] Developers may not distribute or modify the code for commercial or non-commercial purposes. + +Edit: + +So I am not crazy after all. /u/76951234 points out that SatoshiLabs altered commit history with a forced push. As recently as last week, Trezor source code was still LGPLv3. Now, all of v1.3.0 and up as been removed from Github, replaced with a commit of a new license Microsoft Reference Source License.. (Although, and tell me if I am wrong, tricky git commits doesn't actually make their source code from a week no longer LGPLv3) +So back in August last year the company hired two people to do the same job, same title, same responsibilities, reporting to the same person, etc... In terms of experience, neither of us had any commercial experience but I have a MSc, he has a PhD. The job did not require a PhD. So I always assumed he's paid more than I am, but reasonably more. + +I started making £30K alongside 30 share options per year which at current prices are worth about £2000. After 6 months I received a raise, bringing it up to 33K. I always thought this is decent (for North West England) and always considered it a very good opportunity for me. Indeed this is a really nice company, excellent offices, free parking, very good boss, unlimited work from home days, unlimited and auto-approved holidays, very good budget for training, first class train travel (when needing to visit London), etc etc... + +So a few night ago I had some drinks with the coworker and we discussed salaries, and all of that. He told me that he actually began at £85K with 200 share options (worth around £13.5K), but after six months he was placed on £95K with an extra 100 shares. I was speechless. + +I'm just shocked at how much more he is paid and he doesn't have any more responsibilities that I do. Don't get me wrong, I was expecting him to be paid more, but maybe 25-30% more, not 3x more in cash and 10x more in options. + +I was feeling great until I heard this, but now I feel unappreciated and I feel like I'm paid very low for what I actually do (given that both of us are basically doing the same job and having the same responsibilities). So what is the best, most reasonable and most professional course of action is for me to perhaps bring this up and seek a more fair compensation? +So, I have roughly $3000 in debt from payday loans. My weekly payments equate to $215.36 on them. I also have to pay $66 a week for 4 weeks into another payment advance site. Will also need to get $220 from another payment advance thing in order to pay for rent. + +I earn $884 a week, my credit score is 435. Gambling is the main cause of all this. I barely have enough to pay what I need to, I’m like $600 behind on my phone bill. + +I’ve tried to see about getting a $5000 personal loan to pay off all that and have a more manageable weekly payment but no where will approve me because of my score. + +I don’t know what to do +Tabs on the right of this link outline each part of the stimulus in more detail. + +[https://treasury.gov.au/coronavirus](https://treasury.gov.au/coronavirus) + +Worked examples on the fact sheets for some of the more complicated parts. +Hey guys, + +I've accepted an offer from a company recently with a salary of 70k a year (exc super). I still live with my parents so I have no real expenditures other than eating out and buying fun stuff for myself. + +The general consensus in the family is to just dump as much money as I can in our mortgage offset account (the loan it's against is 2.94%pa variable), but I reckon that's quite easy to beat with some VDHG in the long term. + +Apart from dumping some of my savings into VDHG and Spaceship, what other long term investments do you guys recommend? + +Thanks. +Title pretty much sums it up. + + +Just found out I'm going to be a father and beyond excited. Household income is roughly 140k and both my partner and I are debt free. + + +I want to start an RESP (front-loaded once I liquidate some of my investments) but also want to open Junior a brokerage account. + + +Is this possible and what is my best approach to this. + + +Thank you all! +It’s a small amount but I wanted some input since I’m a young/new investor. Which individual stocks are in decline right now due to the pandemic/recession but will go back up in a few years or 10? I was thinking car companies? + + +I'm 25 with $10,000 in my tfsa. 25+ year timeline and trying to decide on an etf. + +Right now I'm thinking of going with $5000 XEQT and $5000 Tec to increase technology exposure. If you were in my position what would you do? Also, I will be adding around $500/ month to each. +TGang, + +&#x200B; + +I've been successfully selling covered weeklies on a few of my speculative, but long hold stocks for a few months now and avoiding assignment by selling (usually) 20 delta calls for reliable premiums given the volatility. I buy to close when it makes sense and keep it pushing. It's been too easy, one of these days I had to have something go wrong and I knew that it would. + +&#x200B; + +That day was yesterday. On Friday, 4/23, I sold 4/30 EXP weekly calls on CCIV for a $22.5 strike, right around 20 delta. CCIV has been trading under $20 for a bit and hasn't made any huge moves since its decline back down to reality so I felt this trade was safe. At the minimum, I felt I could catch any disasters and buy-to-close if one seemed imminent as there were no real catalysts on the radar. + +&#x200B; + +CCIV opens yesterday morning and I'm in the shower at the gym. The next time I see the stock is sitting down at my office around 10am. I see CCIV has mooned from \~19.60ish open to $22.40 in half an hour. I shit my pants immediately, start trying to weigh in my head the risk of assignment and plan my move as it blows straight past $22.5 into $23, $23.50, etc. An intelligent person might not be freaking out *too* much, but my basis on this position is \~$28 and I wasn't ready to take a 25% haircut on all my shares, especially since I really like this stock and don't want to lose my position. + +&#x200B; + +I have been writing calls through my Vanguard IRA (moving to TDA/ToS next week). Having to navigate their archaic platform the option price moves 400% in the time it takes me to write my transaction up, assign a limit, and then adjust the limit to chase a fillable order. I was absolutely panicked, and ended up buying to close all my positions for \~600% of what I sold them for. The collateral damage? Not *devastating --* I lost 3 weeks of premiums made across all my positions. Realizing that taking a breather was wasting time, I immediately sold contracts for this Friday at the now-ridiculous prices many strikes out and took back in about 30% of what I lost. That earned premium kicked me into another 100 share bracket, so I sold an identical call as the previous for another 5% or so of my loss. + +&#x200B; + +**TL;DR:** I sold $22.5c weeklies for this Friday on $CCIV. $CCIV mooned to $24 by 10am on Monday. I chased the close and wiped out 3 weeks of earned premiums but resold, bought more shares, sold another call and reduced the damage to about 2 weeks of premiums. + +&#x200B; + +Can anyone critique my decision process? I understanding with selling under basis that these things are bound to happen, so that one is a given. Just wondering how anyone else would have dealt with this situation had they found themselves in it. +Lets say I have 100 shares of A stocks and I usually use it to write sell cover call. If I enable stock lending and It got lended to someone else, will I still able to sell cover call? + +Any help would be really appreciated! +TGang, + +&#x200B; + +I've been successfully selling covered weeklies on a few of my speculative, but long hold stocks for a few months now and avoiding assignment by selling (usually) 20 delta calls for reliable premiums given the volatility. I buy to close when it makes sense and keep it pushing. It's been too easy, one of these days I had to have something go wrong and I knew that it would. + +&#x200B; + +That day was yesterday. On Friday, 4/23, I sold 4/30 EXP weekly calls on CCIV for a $22.5 strike, right around 20 delta. CCIV has been trading under $20 for a bit and hasn't made any huge moves since its decline back down to reality so I felt this trade was safe. At the minimum, I felt I could catch any disasters and buy-to-close if one seemed imminent as there were no real catalysts on the radar. + +&#x200B; + +CCIV opens yesterday morning and I'm in the shower at the gym. The next time I see the stock is sitting down at my office around 10am. I see CCIV has mooned from \~19.60ish open to $22.40 in half an hour. I shit my pants immediately, start trying to weigh in my head the risk of assignment and plan my move as it blows straight past $22.5 into $23, $23.50, etc. An intelligent person might not be freaking out *too* much, but my basis on this position is \~$28 and I wasn't ready to take a 25% haircut on all my shares, especially since I really like this stock and don't want to lose my position. + +&#x200B; + +I have been writing calls through my Vanguard IRA (moving to TDA/ToS next week). Having to navigate their archaic platform the option price moves 400% in the time it takes me to write my transaction up, assign a limit, and then adjust the limit to chase a fillable order. I was absolutely panicked, and ended up buying to close all my positions for \~600% of what I sold them for. The collateral damage? Not *devastating --* I lost 3 weeks of premiums made across all my positions. Realizing that taking a breather was wasting time, I immediately sold contracts for this Friday at the now-ridiculous prices many strikes out and took back in about 30% of what I lost. That earned premium kicked me into another 100 share bracket, so I sold an identical call as the previous for another 5% or so of my loss. + +&#x200B; + +**TL;DR:** I sold $22.5c weeklies for this Friday on $CCIV. $CCIV mooned to $24 by 10am on Monday. I chased the close and wiped out 3 weeks of earned premiums but resold, bought more shares, sold another call and reduced the damage to about 2 weeks of premiums. + +&#x200B; + +Can anyone critique my decision process? I understanding with selling under basis that these things are bound to happen, so that one is a given. Just wondering how anyone else would have dealt with this situation had they found themselves in it. +I understand that, when buying LEAPS, it's typically advised to aim for a \~0.75-0.9 delta on your strike. But does this still apply when buying LEAPS on SPY? + +Part of the reason why I would buy such a deep ITM LEAP on a typical stock would be to offset the risk of a major, unrecoverable crash in that stock. With SPY, while corrections do happen, I just don't think there's that same risk since it's an index ETF rather than a single company. + +I'm honestly thinking of just buying an ATM or *slightly* ITM LEAP on SPY. Any advice, and/or other things I'm missing for LEAPS on SPY? +TLDR: when managing positions choose new positions you believe in instead of clinging to the idea of not taking a loss. + +There have been a lot of good posts about managing positions that aren't going as planned. One thing I think we're pushing too much though is the idea of never accepting a loss. This leads to bad decisions. + +What if I came here and said I'd lost money on a trade and was 100% committed to making it back on a new position. My criteria is that it be right now, and the same underlying, and probably the same type of position. This would be foolish - it's trading emotionally, and those criteria are really not good for picking a trade. Theta gang positions tend to win on average, but surely I've lowered my chance of success by limiting my options considered and trading while tilted. + +But that's the same thing as saying I'm not going to accept a loss and will manage it endlessly to avoid a loss at all cost. Make no mistake, when you roll a position you have closed one position and opened a new one. The fact that your broker UI and accounting make it look like the same one is an illusion. You probably have already lost money on the position you closed. Do you stand to make more on the new one you opened? Great. But be sure it's a position you want to be in. Why insist it's the same underlying and/or the same type of position (IC, put spread, etc)? It's literally a new position. It will make money or not. Whether you show green on one trade you rolled or red on one and green on another, it's literally the same thing. + +Whether your screen shows you're +5 vs -10 and +15 is literally the same thing. You don't get bonus points for it being all on an XYZ iron condor or whatever. That's just a fallacy. + +Of course you should manage positions. It's a reflection that the situation has changed. Your current position is no longer one you would choose and there are new opportunities. Just remember rolling is an illusion and believe in your new position just as if you opened it fresh. Or walk away and look for a new opportunity. It's the same thing. +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. +In July 2016 the S&P500 hit an All Time High of $2129. Obviously it was time to sell and wait for the eventually bull market. + +It did dip here and there but 2 years later we are at $2930. The S&P500 is up 40% since I sold. I feel like a total idiot but decide its time to get back in. So I buy S&P500. + +Couple months later the S&P500 is down about 4% and I'm thinking of selling since I'm scared its going to drop. + +Trying to time the market is Great. +I have two jobs currently, one part time and one full time. My employer told me not to work at another places but I’m still working now. Will my employer knows if I have two jobs? How? + [tl;dr] + +DON'T SEND BTC TO OLD BITSTAMP DEPOSIT ADDRESSES. New deposit addresses are fine. Up to 19,000 BTC were stolen. Bitstamp was suspended while they investigate, it has now resumed and everything is fine again. Bitstamp's announcement after re-opening is [here](https://www.bitstamp.net/article/bitstamp-is-open-for-business-better-than-ever/). + +This was the first post on the issue, hence the uncertain title. + +--- + + [OP, Jan 5th 3am UTC]] + +A few hours ago I made 2 deposits to Bitstamp. After lagging 7 confirmations behind on the blockchain, they each disappeared from the incoming transactions list WITHOUT updating my balance, which still sits at zero bitcoins. No transfers or sales have been made under the account and there is no indication that it's been compromised. Bitstamp haven't contacted me. Coins from one of the deposits has already been transferred to address https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEa[1] which I assume belongs to Bitstamp. I've contacted support. + +Has anyone else managed to deposit bitcoins there successfully in the last hour or so? Has anyone else had an issue? (I need to go now but if anyone else has, then it's an emergency. If not, then maybe it's just some crazy new KYC game of theirs). + +Original post is here: http://www.reddit.com/r/Bitcoin/comments/2rcybh/why_are_deposit_confirmations_so_lagged_on/ + + [Edit (20 mins later)] + +I've now told Bitstamp support about this post so they can comment here if/when everything is fine or provide updates on progress. + + [Edit (25 mins after OP)] + +Bitstamp just sent out the following email. + +> Dear customer, + +> Today our transaction processing server detected problems with our hot wallet and stopped processing withdrawals. + +> You should STOP SENDING bitcoin deposits to your Bitstamp account IMMEDIATELY as private keys of your deposit address may be lost. + +> Your bitcoins already deposited with us are stored in a cold wallet and can not be affected. + +> We will send you more info as soon as possible. + +> Best regards, + +> Bitstamp team + +I still trust Bitstamp, but that's troubling wording right there. I trust Bitstamp will confirm ASAP that they'd cover any losses from what were blatantly *their* addresses and private keys. If so, kudos to them for doing the right thing and covering their own mistake. If not, then they just christened themselves "Goxstamp" and hung a big "leave now or you'll only have yourself to blame" sign over their exchange... + +--- + + [Update Jan 5th 10am UTC] + +This has appeared on the Bitstamp website: + +> BITSTAMP SERVICE TEMPORARILY SUSPENDED + +> We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015. + +> As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online system. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins. + +> IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED! + +> Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored. + +> Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate. + +> Bitstamp Team + +It sounds like the cold wallet security was sound & that they plan on doing the right thing and covering any losses made from their wallet before the announcement. If so, I plan on continuing to use them. + +--- + + [Update Jan 5th 3-4pm UTC] + +There is suspicion of a large theft, but nothing conclusive. It may be Bitstamp themselves doing housekeeping after the hack, but without info from them it's hard to tell: http://www.reddit.com/r/Bitcoin/comments/2re2pw/18864_coins_stolen_from_stamp_that_doesnt_look/ + +Nearly all of my bitcoins from both deposits have now been transfered to the Bitstamp cold wallet, apparently as change in internal Bitstamp transactions, so it looks like *they've* not been stolen. Has anyone else affected traced their transaction? + +According to [cryptocoinsnews](https://www.cryptocoinsnews.com/bitcoin-exchange-bitstamp-withdrawals-deposits-stopped-possible-rng-attack/) & [coinfire](https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-address-issue/), Bitstamp earlier thought it seemed to be a server issue and not a compromise. + +--- + + [Update Jan 5th 11pm UTC] + +Bitstamp's CEO Nejc Kodrič has released the following statement: + +> Bitstamp customers can rest assured that their bitcoins held with us as prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full. + +> On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC. Upon learning of the breach, we immediately notified all customers that they should no longer make deposits to previously issued bitcoin deposit addresses. As an additional security measure, we suspended our systems while we fully investigate the incident and actively engage with law enforcement officials. + +> This breach represents a small fraction of Bitstamp’s total bitcoin reserves, the overwhelming majority of which are are held in secure offline cold storage systems. We would like to reassure all Bitstamp customers that their balances held prior to our temporary suspension of services will not be affected and will be honored in full. + +> We appreciate customers’ patience during this disruption of services. We are working to transfer a secure backup of the Bitstamp site onto a new safe environment and will be bringing this online in the coming days. Customers can stay informed via updates on our website, on Twitter (@Bitstamp) and through Bitstamp customer support at support@bitstamp.net." + +--- + + [Update Jan 6th 6pm UTC] + +In [this Slovenian article](http://www.rtvslo.si/gospodarstvo/bitstampu-hekerji-ukradli-za-stiri-milijone-evrov-bitcoinov-borza-zacasno-zaprta/355142), Bitstamp co-founder Damijan Merlak has said what [some are interpreting ](https://www.cryptocoinsnews.com/bitstamp-resume-operations-next-24-hours/) as "Bitstamp will reopen within 24 hours", but it could possibly just mean a duplication of infrastructure within 24 hours, and resumption in service sometime after. Here's [one translation](http://www.reddit.com/r/Bitcoin/comments/2ri6i5/bitstamp_damijam_merlak_currently_we_are_setting/cng6gyz) of the important bit: + +> "Bistamp remains liquid, but I can't tell more because of the investigation" said co-founder Damijan Merlak and added they closed the exchange because otherwise "important trails could be erased". "With experts we are currently setting up a duplicate of entire infrastructure in San Francisco, which is bound to finish in the next 24 hours. At that time we will continue our services." explained Merlak for STA. + +Here's [an autotranslation](http://www.reddit.com/r/Bitcoin/comments/2ri6i5/bitstamp_damijam_merlak_currently_we_are_setting/cng3lgl): + +> " Bitstamp remains liquid, more because of the investigation itself difficult to tell , " said co-founder Exchange Damijan Merlak , adding that the site stopped , " because it is the continuation of the operation of the servers erase important tracks" . " Currently in San Francisco with experts put a duplicate of the entire infrastructure, which is expected to be regulated in the next 24 hours . Then we can restore service " for clarification Merlak . + +Hopefully they'll issue an update in English soon. + +--- + +A prevailing theme in recent Bitstamp discussions is: What Did Bitstamp Know And When Did They Know It? I thought I should add my experience. + +As described by [cryptocoinsnews](https://www.cryptocoinsnews.com/bitcoin-exchange-bitstamp-withdrawals-deposits-stopped-possible-rng-attack/) & [coinfire](https://coinfire.cf/2015/01/05/bitstamp-confirms-deposit-address-issue/), Bitstamp initially thought they had a server issue and not a compromise. When I sent my deposits to Bitstamp’s provided addresses, Bitstamp was 6-7 confirms behind in acknowledging the transfers to. It also then didn’t update the balance even after Bitstamp had itself acknowledged that the transfer to Bitstamp’s addresses had completed. It seems likely that Bitstamp made these changes to their system to buy them some time while they investigated what they thought was the server issue. + +If so, then they were already aware of a problem before that time, and chose not to suspend service or post any warning not to send Bitcoins to their transfer addresses... + +--- + + [Update Jan 7th 0.15am UTC] + +[**@nejc_kodric**](https://twitter.com/nejc_kodric) on twitter: +[2015-01-06 23:58:38 UTC](https://twitter.com/nejc_kodric/status/552615256452001792) + +> Our redeployment is up internally and is being filled with backup data for testing. Relaunch ETA ~24\-48h. Thank you for your patience! + +--- + +Here's a [blockchain analysis of the theft](http://blog.cryptocrumb.com/2015/01/bitstamp-hot-wallet-theft-2-to-5-jan.html). + +--- + + [Update Jan 8th 11.59pm UTC] + +Bitstamp's ~24-48h Relaunch ETA made on [2015-01-06 23:58:38 UTC](https://twitter.com/nejc_kodric/status/552615256452001792) has passed without incident. I expect this is due to planning fallacy & Hofstadter's law rather than the apocalyptic scenarios that all the shorters around here would like us to believe, but I can't help wonder how long they have before "24-48h" becomes the new "Two Weeks". + +--- + +The mods unstickied the post minutes after that last update, but I'll keep updating as long as I can see you're still interested. + +--- + + [Update Jan 9th noon UTC] + +Damijan Merlak now [says](http://www.reuters.com/article/2015/01/09/bitstamp-cybersecurity-idUSL6N0UO1DC20150109) trading will resume during the day today, and that various institutions from the European Union and the United States were investigating the security breach. + +--- + + [Update Jan 9th 8pm UTC] + +Bitstamp is now back, and so is my balance. Their latest announcement is [here](https://www.bitstamp.net/article/bitstamp-is-open-for-business-better-than-ever/). Trading will resume soon. + +--- + + [Update Jan 15th 0.30 UTC] + +Withdrawals are working, everything seems fine. You still shouldn't send bitcoins to old Bitstamp addresses, but otherwise, crisis over. I'll stop updating now so you can all concentrate on *this* week's Bitcoin crisis... +Dear Robinhood, + +Due to your actions last week you forced many of us to make a decision of what platforms we will be using to trade from in the future. I personally moved all of my funds from RH to another platform. What you may not realize is that there are a LOT of people who did this as well. All of my funds will become available to trade with on Monday morning as I'm sure many other peoples will be too. + +You fucked yourself and your friends... as come Monday morning will be a whole lot more capital ready to be reivested in GME, AMC, NOK, BB and what ever the fuck other stocks I LIKE. + +I LIKE THIS STOCK, I LIKE THIS COMPANY, I LOVE RYAN COHEN and FUCKING LOVE MY FELLOW RETARDS. We are not just lowly elite, we are the SUPER ELITE. + +APES STRONG TOGETHER + +ALL SHARES MATTER + +Can't Stop, Won't Stop, GameSTONK! + +Edit: 💎💎💎👐 GME GANG Going to fucking ANDROMEDA 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Edit 2: It seems some people are still asking if its too late to buy. I value this stock at $4206.90 and that's what I'm willing to walk away with. I'm not a financial advisor and this is not financial advice. With that being said... a life with out taking risks is a life having to wear a condom EVERY FUCKING TIME while you continually pound Melvin's Ass. + +Edit 3: Next step.... we reached 320 this week and that was our target. Congrats all my fellow degenerates as we held the line. As you can see they are now offering up to 800 on next week's options. That's our next target. The squeeze could happen or it may not happen next week but we have a target in sight. They are trying to do everything in their power to suppress our valuation. Hold strong autists. We set the price. Prediction: GME opens Monday 500+ and we continue on our mission. + +Edit 4: A lot of people are asking me questions about what happened. I was trading GME since Jan 11th as a broke ass bitch, I threw in $200 played a nice $26 call before we spiked to 32 I was excited and cashed out to turn that into 30 shares of GME and hedged my way up to 55 shares over the following weeks. Im not rich, I think I just played this right move. +Now here's what happened on Thursday... The Robinhood app blocked me from buying so my plan was to do a hedge on multiple platforms. Sell half on RH and rebuy after the inevitable ladder attack on my Webull account and then transfer my money there as well from RH. When I sold on RH they literally sold ALL of my shares not just my available shares since the others were locked up in limit sells. I panicked after that happened. And bought in as many as I could on my low funded Webull account. So I had to essentially sit out for the day. Friday full RH transfer hit my account and I set up a new account. +Atleast I sold at around 380 and was able to buy back in below that. I owe about 70k in medical debt and GME gave me a chance at making up some of that, I'm +25k on a $200 investment, I need this. You need this. We all need this. + +Edit 5: now I'm hearing a lot about people talking about possibly missing the short squeeze if they transfer. In all honestly do you fucking care at this point? I don't. I'm all in and have literally put every dime I possiy could on GME I don't really give a shit about it. We are making these cunts bleed out. And if something at some point hits my sell limit I'll be happy, but if it doesn't I don't care because I KNOW THAT I DID THE RIGHT THING. +[https://www.cnbc.com/2018/12/23/why-wall-street-analysts-expect-a-rosy-market-in-2019.html](https://www.cnbc.com/2018/12/23/why-wall-street-analysts-expect-a-rosy-market-in-2019.html) + +I think people think this is bitcoin and it's going to crash forever. Stocks represent companies most of which have earnings that are growing right now. PE ratio's are reasonable again. Don't forget these aren't baseball cards or bitcoins. If you try to to time it now you may miss the upswing and stocks always go up over the long term. I could be wrong but I don't think this is an 08 or 01 crash coming anyways. +Im 27 years old male from Italy and let's start by saying that my uncle is a gambling addicted, he runs a company and with a couple of friends makes investments of various kinds, I have great respect for him and his friends but they didnt known nothing about Crypto at all. + +In February I start for the first time to be interested in Crypto. I start doing some research and at the end of the month I decide to make my first deposit, buying BTC, ETH and ADA, MATIC, ALGO, BNB and other coins that I had researched or that seemed to have real use cases. + +I decide to share the fact that I invested in crypto with my uncle, and a week later he wrote me that he talked to his friends and invested $500 in a coin with a very low value around 0,05$ , but that according to certain sources it will reach 1.7. $ for the end of the year.This coin was DOGECOIN....I then explained to him what I had read about it, advising him to buy something more stable but obviously he did not follow my advice and now I say fortunately...Shortly after, DOGE started flying and his investment grew exponentially... + +My uncle still holds "DOGECOIN" but is no longer so sure it will reach $ 1.7, last week he suggested me a new coin "SHIBA INU" ... I stopped giving him advice. My family, on the other hand, argues that I should follow his moves and how to blame them, they don't understand Crypto and if we look at profit, the numbers prove them right. + +I am confident that the long run will prove me right, but this story I have to be honest has really pissed me off.... + +Sorry for my bad English! + +For those who think the EV apocalypse is near: + + [https://www.cnet.com/roadshow/news/dyson-electric-car-ev-features-cancelled/](https://www.cnet.com/roadshow/news/dyson-electric-car-ev-features-cancelled/) +I've been listening to the Bigger Pockets podcast lately and it has sparked my interest in real estate investing. But I keep hearing how people only put down 3 percent when they buy a rental property. This means it's an FHA loan with added PMI. + + Let's say you buy a single family home and rent it out while you have your own home with a mortgage. If you only put down 3% and have a mortgage plus PMI plus your own home mortgage, how do you make any passive income? Sorry for my ignorance but I'm just starting out so any insight would be appreciated! Thanks. +Hi\- I'm in preliminary talks to sell a condo I own but am waffling on what's the right thing to do. I've read up until I've confused myself a bit. + +I'm using this Bigger Pockets "back of napkin" calculation method to come up with my numbers \(can share the link if needed\) + +Property A: \- 2b/1ba Condo, in hot suburb of Metro Area. Always rented \+ low maintenance. Have owned for \~14 years. Appreciating respectably and will continue to appreciate given its location and the tight market there. + +* Downpayment: $60k +* Current Value: $500k +* Cash Flow: $788.25 +* Cap Rate: 8.77&#37; +* Cash on Cash: 48&#37; + +My thoughts were to take the 500k and reinvest it into a smaller market near where my parents live. Houses average \~180k for 3br/2ba. Rents appear to be around the $1400\-1500 range. + +Using the model again, and those numbers I get \(for an average house\): + +* Downpayment: $45 +* Current Value: $180k +* Cash Flow: $287.00 +* Cap Rate: 6.21&#37; +* Cash on Cash: 25&#37; + +so reinvesting that $500k into houses like this, I could get \~11 houses at $3157/mo cash flow. + +Seems like a no\-brainer, but my current property is basically maintenance/hassle\-free, bringing in good revenue and will see a steady solid appreciation. + +Also, the new area where I'd buy the 11 houses isn't somewhere that will be high growth\- but will be steady hopefully with working class folks \- so there's risk in owning a bunch of houses in an area but not a ton hopefully. Another caveat I'm not an investor by nature \(obviously or wouldn't be posting this!\), but would like to eventually use properties to live off of at some point. + +So\- if this was you\- would you keep what you had or reinvest in multiple smaller houses? +Hi all, well I just got denied for a pre-approval from a bank because my tax returns for 2019 did not show enough income to qualify. My income is from rental properties alone, from which I have joint ownership of two 2-family homes (no mortgages), and a 3-family rental (mortgage) also in the area. I'm stumped as to just how low they consider my income even though aside from how it looks on the tax returns I am netting quite a comfortable amount (around 80k). I'm curious if anyone has any alternative strategies that I have missed thus far. Someone just mentioned asset-based lending but in talking to a few people in that area it seems they mostly deal with commercial or small business loans only. + +Thanks! +I am 27, and like the title says, I just inherited 75k and have always thought about investing in real estate but don’t really know the best way to start. I’ve done some research on the different ways to get into it, but with that amount of money is there a specific way anyone would recommend? + +Like most people the goal is to reach financial freedom. +So I was just perusing through random listings today, and came across this one: + +* [House](https://www.realtor.com/realestateandhomes-detail/3845-E-Sourwood-Dr_Gilbert_AZ_85298_M15499-56690) + +And there's others like it, I'm not singling out this house for any particular reason. + +It looks like a Zillow Owned Home, that they bought 3 weeks ago, cleaned up, and tossed back on the market for 4.9% more. + +Doesn't seem like a huge gain at all...and most likely a net loss. So what theory do you think is most likely? + +1. They are expecting the property to sell above list price. +2. Their actual purchase cost was somehow lower than the number reported. +3. They are just trying to grow that rapidly side of the business, and are OK with taking a [loss overall](https://www.cnn.com/2020/02/21/business/zillow-rich-barton-risk-takers/index.html), in your typical tech-company-scaling-fast model. +4. Their reselling business is so large that they don't care about making a profit on any individual house, as long as they profit overall across all houses. +5. They rely too much on their own Zestimates. +The hero was wearing a god damn unicorn sweater :) if you guys have been waiting for a signal this is it. + +For thoose who dont know, Malta does currently not have any legislation regarding Cryptos, and a few weeks ago the Prime minister of Malta went out and said he wanted to bring crypto and blockchain bussiness to Malta. + +This country is currently the number one center of online gambling in the EU, it is also a center of Finance, "wealth management" and the like. + +There is a shit ton of money in this country, for tax reasons and more. + + +So does anyone know what the savior of mankind is doing on this rock? +ICO Buyer Slack: https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng + +**I'm noticing a lot of failed transactions to my contract. It's too late to contribute to this one, as the crowdsale has already started (and ended)!** + +[PAY purchased!](https://etherscan.io/tx/0x16cf8d24af5e6f3e1ebb1625a15fe71f10d90a7fabb9eda0c1573a5ea5b37691) + +[My contract's PAY balance as validated by TenX](https://i.imgur.com/8K1vo6J.png) + +If your wallet won't send 0 ETH, try adding '0x0' to the transaction data. + +Sale hit the 100k ETH hard cap in 19 minutes! + +Looking forward to the [TenX ICO](https://www.tenx.tech/tokensale.html), but worried you'll oversleep or that your transaction will fail? Simply send ETH to [my smart contract](https://etherscan.io/address/0x146e59F69A68b645367BdC94F3855dF0D8214f4d#code) any time before the ICO (06/24/2017 1:00pm UTC) and it will buy in for you! After the ICO and once the TenX devs have enabled token transfers, you can withdraw your TenX PAY tokens at your leisure by sending 0 ETH to my contract. No fiddling about with "watching contracts" or any of that nonsense. + +You may remember my contract's previous deployments for the [Bancor ICO](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) and the [Status ICO](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/), which successfully handled 425 ETH and 3,240 ETH, respectively. + +My contract works by placing a bounty on the execution of the "buy" function, which buys tokens during the ICO. Anyone can call the buy function once the ICO has started to claim the bounty, although they'll be competing with me to be first! + +[I've personally added](https://etherscan.io/tx/0xe73dda3f34cbb2959d0bf5c55387ac78cc39c80bd487912f76951b32cfe631a4) a total of 1 ETH [to the bounty.](https://etherscan.io/tx/0x4e11482d31335c69b24aa545b6b0c99b7dffc0e68627d741508a6a50d83b7000) This should be more than enough, but if other users wish to contribute to the bounty, they can send ETH to my contract with '0x62f5ed61' in the transaction data. + +Users who want to remove the 1% fee on their purchased tokens can send 0 ETH to my contract during the ICO and it will completely remove the fee. This ensures that using my contract is strictly better than participating in the ICO alone, as there is no fee if you would have made it in by yourself. + +I've had a [$3,200 bug bounty](https://np.reddit.com/r/ethdev/comments/6j1x3b/bug_bounty_for_tenx_ico_buyer_contract/) posted for half a day now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, it's recommended to use at least 150,000 gas for each transaction. Users can withdraw their funds at any time before the ICO starts by sending a 0 ETH transaction to my contract. Once the ICO starts, more advanced users seeking the bounty can call the "buy" function by [sending a 0 ETH transaction with '0xa6f2ae3a' as the transaction data.](https://etherscan.io/tx/0x2c81a16a12e1ab66af35d09d6debb653da2e507c0cc1e9ce029598c2a69e5fed) + +**Contract Address:** 0x146e59F69A68b645367BdC94F3855dF0D8214f4d + +**Contract Code:** https://etherscan.io/address/0x146e59F69A68b645367BdC94F3855dF0D8214f4d#code + +Edit: If your wallet won't send 0 ETH, try adding '0x0' to the transaction data. +Effective immediately (via vote or whatever procedure is required), I propose that we halt all further payments of Donuts to the developers of the planned Donut Bridge. The current allotment is an uncapped, ~~500K Donut payment per month~~ 300K Donut payment per week from the Community Fund. This unfortunately creates incentives to drag development out for as long as possible until people complain loudly enough. + +*Well, I'm complaining now, and loudly.* Whether those incentives actually affect the developer(s) of the bridge in delay development is somewhat irrelevant. The structure is bad, bad, bad. + +I'm calling for an immediate vote to end this subsidy, and *possibly* offer an additional 500K to 1M in Donuts upon successful delivery of a functional bridge meeting certain criteria determined by this community. If further maintenance / development work is required beyond that in the future, I suggest the community authorize payments upon delivery- not simply for trying. + +We don't know what Donuts could be worth, and we are diluting their potential value (monetary, governance, and reputational) through poor monetary and fiscal policy. ***Therefore, I will publicly reject all further proposals authorizing their payment to a narrow group of actors for administrative and development work without appropriate checks and balances.*** + +If anything, Donuts should be paid in greater proportion to quality content contributors on a very broad basis, but it seems very much to me like we are moving in the opposite direction. Where I once viewed Donuts as a tool to possibly increase engagement and quality of contribution to this sub, they have degenerated into a speculative asset- actually made worse by the fact that a market is not available for them. Current actions, regardless of intent, seem to be for key actors to accumulate immensely large numbers of tradeable Donuts, behind the wall of an information asymmetry with respect to development and Reddit policy decisions. + +It's time for this charade to end, or to evolve in a productive direction for this sub with clearly defined mechanisms to improve the quality of this sub. + +I request a response from the moderator team within 48 hours to move forward with a process to end this subsidy. + +Edit: I have also created a formal governance proposal to end this subsidy here at https://www.reddit.com/r/ethtrader/comments/byz19k/poll_proposal_end_monthly_donut_payments_for/ + +It should go to vote within a couple of days. +ICO Buyer Slack: https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng + +**I'm noticing a lot of failed transactions to my contract. It's too late to contribute to this one, as the crowdsale has already started (and ended)!** + +[PAY purchased!](https://etherscan.io/tx/0x16cf8d24af5e6f3e1ebb1625a15fe71f10d90a7fabb9eda0c1573a5ea5b37691) + +[My contract's PAY balance as validated by TenX](https://i.imgur.com/8K1vo6J.png) + +If your wallet won't send 0 ETH, try adding '0x0' to the transaction data. + +Sale hit the 100k ETH hard cap in 19 minutes! + +Looking forward to the [TenX ICO](https://www.tenx.tech/tokensale.html), but worried you'll oversleep or that your transaction will fail? Simply send ETH to [my smart contract](https://etherscan.io/address/0x146e59F69A68b645367BdC94F3855dF0D8214f4d#code) any time before the ICO (06/24/2017 1:00pm UTC) and it will buy in for you! After the ICO and once the TenX devs have enabled token transfers, you can withdraw your TenX PAY tokens at your leisure by sending 0 ETH to my contract. No fiddling about with "watching contracts" or any of that nonsense. + +You may remember my contract's previous deployments for the [Bancor ICO](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) and the [Status ICO](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/), which successfully handled 425 ETH and 3,240 ETH, respectively. + +My contract works by placing a bounty on the execution of the "buy" function, which buys tokens during the ICO. Anyone can call the buy function once the ICO has started to claim the bounty, although they'll be competing with me to be first! + +[I've personally added](https://etherscan.io/tx/0xe73dda3f34cbb2959d0bf5c55387ac78cc39c80bd487912f76951b32cfe631a4) a total of 1 ETH [to the bounty.](https://etherscan.io/tx/0x4e11482d31335c69b24aa545b6b0c99b7dffc0e68627d741508a6a50d83b7000) This should be more than enough, but if other users wish to contribute to the bounty, they can send ETH to my contract with '0x62f5ed61' in the transaction data. + +Users who want to remove the 1% fee on their purchased tokens can send 0 ETH to my contract during the ICO and it will completely remove the fee. This ensures that using my contract is strictly better than participating in the ICO alone, as there is no fee if you would have made it in by yourself. + +I've had a [$3,200 bug bounty](https://np.reddit.com/r/ethdev/comments/6j1x3b/bug_bounty_for_tenx_ico_buyer_contract/) posted for half a day now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, it's recommended to use at least 150,000 gas for each transaction. Users can withdraw their funds at any time before the ICO starts by sending a 0 ETH transaction to my contract. Once the ICO starts, more advanced users seeking the bounty can call the "buy" function by [sending a 0 ETH transaction with '0xa6f2ae3a' as the transaction data.](https://etherscan.io/tx/0x2c81a16a12e1ab66af35d09d6debb653da2e507c0cc1e9ce029598c2a69e5fed) + +**Contract Address:** 0x146e59F69A68b645367BdC94F3855dF0D8214f4d + +**Contract Code:** https://etherscan.io/address/0x146e59F69A68b645367BdC94F3855dF0D8214f4d#code + +Edit: If your wallet won't send 0 ETH, try adding '0x0' to the transaction data. +Effective immediately (via vote or whatever procedure is required), I propose that we halt all further payments of Donuts to the developers of the planned Donut Bridge. The current allotment is an uncapped, ~~500K Donut payment per month~~ 300K Donut payment per week from the Community Fund. This unfortunately creates incentives to drag development out for as long as possible until people complain loudly enough. + +*Well, I'm complaining now, and loudly.* Whether those incentives actually affect the developer(s) of the bridge in delay development is somewhat irrelevant. The structure is bad, bad, bad. + +I'm calling for an immediate vote to end this subsidy, and *possibly* offer an additional 500K to 1M in Donuts upon successful delivery of a functional bridge meeting certain criteria determined by this community. If further maintenance / development work is required beyond that in the future, I suggest the community authorize payments upon delivery- not simply for trying. + +We don't know what Donuts could be worth, and we are diluting their potential value (monetary, governance, and reputational) through poor monetary and fiscal policy. ***Therefore, I will publicly reject all further proposals authorizing their payment to a narrow group of actors for administrative and development work without appropriate checks and balances.*** + +If anything, Donuts should be paid in greater proportion to quality content contributors on a very broad basis, but it seems very much to me like we are moving in the opposite direction. Where I once viewed Donuts as a tool to possibly increase engagement and quality of contribution to this sub, they have degenerated into a speculative asset- actually made worse by the fact that a market is not available for them. Current actions, regardless of intent, seem to be for key actors to accumulate immensely large numbers of tradeable Donuts, behind the wall of an information asymmetry with respect to development and Reddit policy decisions. + +It's time for this charade to end, or to evolve in a productive direction for this sub with clearly defined mechanisms to improve the quality of this sub. + +I request a response from the moderator team within 48 hours to move forward with a process to end this subsidy. + +Edit: I have also created a formal governance proposal to end this subsidy here at https://www.reddit.com/r/ethtrader/comments/byz19k/poll_proposal_end_monthly_donut_payments_for/ + +It should go to vote within a couple of days. +I read this on investopedia: +"If the forward P/E ratio is lower than the trailing P/E ratio, it means analysts are expecting earnings to increase; if the forward P/E is higher than the current P/E ratio, analysts expect them to decrease" + +Why? +If the company is estimating that their own earnings will be decreased going forwards, why would their past earnings data mean the company is wrong and their earnings will *increase*? +The company I've invested 8 years in, in an effort to understand the market, did the following: + +1) told me they were going to interview people for my job, but it's not a real job, they are just trying to "understand the market" and hope to learn by interviewing people who are applying for it. + +2) placed an add on our career website advertising the (my) position + +3) announced to the rest of the management team they were doing 1 and 2, but told them not to worry, they aren't really looking for my replacement + +4) announced to the rest of my division in a meeting today, that they did 1, 2 and 3. + +Needless to say, i find it offensive that they are doing this. First, I think it's wrong to interview people for a job that doesn't exist, in the hopes they divulge information about their current employer's best practices. + +Two, it undermines me with my subordinates and co-workers that they are interviewing for my position, regardless of the intent. + +Three, inside and outside of my organization, I've had people asking me if I'm leaving and I don't really know what to tell them. + +I find this embarrassing, dishonest and offensive. But before I fly off the handle, I would love some feedback from you folks to try and decide what course of action I should take. I did inform my manager that I'm offended by this, especially after he decided to announce it to the rest of my division in a meeting today. He called me and left a voice mail offering to discuss it further, but I told him I had plans tonight and would rather discuss it in person tomorrow. + +Any advice/thoughts you're willing to share would be appreciated. In 20+ years in this industry, I've never head of a company employing this tactic. + + +**Update 1/25/2018** -- i've taken a few days off work; the ad for my position has been taken down today. + +Edit continued -- I have a phone call with my boss's boss tomorrow. The narrative is now that my manager misinterpreted the direction and that's not what they intended to do. + +There may be some confusion about the "market data" they are trying to glean by interviewing people for my position. Think of it this way: my company sells fried chicken, and they want to interview people who work at KFC in the hopes of finding out the secret 11 herbs and spices. + +It seems like the only time I know how to hold is when my coins are losing value, and the only time I can sell is when the coin is about to magically start pumping. I feel like I got into crypto in the worst way. I got lucky. + +Back in October I had been holding a small amount of bitcoin that I bought around 5k usd when the whole China fiasco happened. At that point in time I was up about 35% in a few months. It was about that time that I began searching for a good altcoin to invest in. + +I found vertcoin when it was about $1. + +From what I read about vertcoin it seemed to be in a prime position for growth. When it reached about $1.50 I decided to jump aboard, because what the heck. My bitcoin wasn’t making near the gains that vertcoin was showing. So I decided to use shapeshift to convert all my bitcoin into vertcoin (I now know this was stupid but I got lucky.) + +Not even an hour later Vertcoin began its run up to about $5, and I was on cloud 9. I was literally pacing around my room trying to figure out if I was dreaming or not. I began fantasizing about the end of my minimum wage job and being able to move out of my moms place, (im 25 so it’s a bit embarrassing). + +This is the point where I became quite delusional. + +I became absolutely obsessed with vertcoin, I was telling everyone I knew about it. I ordered Vertcoin business cards from vistaprint to hand out, I stopped almost all of my hobbies in favour of watching Vertcoin move on bittrex, and I relentlessly patrolled the Vertcoin reddit forums and twitter. I kept coming across posts about vertcoin being “a better litecoin” and how it should be valued in proportion to litecoin “soon”. + +After vertcoin had peaked around $5, it spent the next while correcting and consolidating but at this point it I was already addicted to the rush of making money without doing anything. It wasn’t coming in fast enough. I noticed that litecoin was extremely stable in price around this time, and vertcoin kept losing value. So I figured: if I trade some vtc for ltc I could trade back for more vtc if it keeps falling, which seemed likely. Sure enough, it kept falling after I made the trade. I kept checking shapeshift to see how many coins I would profit, and as soon as it showed signs of dipping back down, I locked in my profits. I made about 30 vertcoins so easily! I felt like a trading god. + +This is when I got cocky. + +Every single day after that I was on shapeshift with my ledger nano s on my lap and 4-5 bittrex windows open at any given time. I made a few more decent trades, netting 5 vtc here, 7 vtc there. It seemed too good to be true. + +It was. + +Right around that time is when I discovered Komodo. It seemed to be a godsend to the crypto world with barterDEX being developed as a decentralized exchange with peer to peer atomic swaps, essentially cutting out the middleman (exchange fees). Even better: it was still cheaper than vertcoin. + +I waited awhile until I saw Komodo moving up with some momentum, and I made the trade. ~125 vtc for ~250 kmd. This is when everything went sour. Komodo stopped its run for a consolidation phase, and vertcoin began to pump HARD. I felt the panic coursing through my veins, my palms began to sweat and shake, I could hardly enter my ledger PIN properly. I watched in horror as shapeshift continued to offer me less and less vertcoin than I had given them... I kept thinking don’t panic, it will come back... but it didn’t. I had to act now. I traded back at a loss. I was in disbelief. Almost all of the Vertcoin I had gained in my previous trades was gone. Weeks and weeks of studying charts and waiting games completely wasted. After giving myself shit, I vowed to only hold coins from then on. + +This would not be the case. + +At this point I still had my minimum wage job, and I was putting FULL paychecks into vertcoin bi-weekly (very fucking stupid). It didn’t take long, soon I had more money in crypto than I had in fiat... (never do this). + +As an amateur trader, I completely neglected the fact that I was pushing my average buy-in up and up with each purchase. I thought the sky was the limit for vertcoin. People were making $20-$30 price predictions all over the internet, and key technical advancements were supposedly right around the corner. It just HAD to fly. + +Now there was a point around $10 per vertcoin that I considered converting to bitcoin to sell back to fiat because I had never had this much money before, it just wasn’t in a very spendable form. I decided against it (A decision I would regret shortly after). + +Vertcoin began to melt away in value, and I was so deluded that couldn’t understand why. I decided I would try the old shapeshift switcheroo again. I fucked up badly because I didn’t even do any form of analysis on the coin I traded to. I just knew vertcoin was going down and this other coin was going up. + +Of course after the trade, it reversed. Vertcoin went back up, and the other started to fall. I lost 16% of my vertcoins that day because of panic and ignorance. + +I would continue to make about 4 bad trades for every 1 good trade but I was still so irrational that I kept thinking: one of these times I’ll hit the jackpot on a trade and all of this will be worth it. + +Well, as it were, my luck had run out. + +I continued to lose money until I was right back where I started. With my initial investment. + +Since then, I’ve been struggling with depression and learned helplessness, anger issues and I still feel the creeping urge to fire up the computer and make another trade. It feels like hell, but I know it is insanity. I have an amazing life full of people that love me and I have been utterly neglecting them for invisible coins. + +I used to practice meditation and I lived my life in quite a zen-like state for years. Crypto destroyed this for me. I used to love programming in python, but I’ve been away from it so long that I’ve lost a lot of my skill. Every time I try to do some coding, I just end up watching crypto charts... + +I’ve been getting back into meditation and picking up my old hobbies again but I’ve never felt the same since crypto has fucked with my head. I’m considering locking away my ledger for a few years but the thought of it seems like an impossibly difficult task. + +I suppose the only silver lining to this story is that I haven’t actually lost any money, I just lost all my gains by trading foolishly. + +This is my story and I hope you can learn something from it, thanks for reading. + + +TL;DR: I lost all my gains after some beginner’s luck made me get cocky and crypto obsessed. I made the mistake of continuing to day-trade instead of just holding my coins. +EDIT: This got way more attention than I’d assume it get! Thank you SO much to everyone who has offered advice and their experiences. I am trying to reply to everyone but it’s getting hard but I’m reading everything and truly appreciate your comments! Happy Holidays and Merry Christmas :) + +I hope in the future I can use my experience to also offer advice and support to someone in my similar situation in the future! + +EDIT 2: I believe I got enough advice so thank you everyone! I will leave this up in hopes that in the future if someone is experiencing something similar and uses the search function, my post and comments from everyone may prove helpful for them as you all have been for me! + +——————————————————————— + +Hi - first time poster here. Apologies if this gets long... TL;DR at bottom. + +So I live in a household of 4 and I normally pay everything online for my share of bills so I rarely get any mail aside from junk as I mainly am paperless for everything. + +Today (as in 12/24) I just found out I apparently had mail for me from a collection agency on 11/26 so a month ago but I just received it now. + +Anyway, I logged onto my Kaiser account as the collections agency is saying it’s an unpaid bill from Kaiser, and I look at my entire billing history. + +They said the amount charged was posted for a 8/19 visit and I see I did pay in person on 8/19 so the dates are correct there. + +However, that’s the only amount for that date and I have proof it’s paid. The two amounts they are stating for that date is nonexistent on my account history. + +They say the reasoning is they tried to reach me and since there was no response, Kaiser sent my bill to them based off their letter. + +However, I remember a different visit where I did owe after my visit and I got an email so I naturally paid online. That’s why I’m confused why they said that after numerous attempts to reach me, it’s now given to collections. There’s no email or any form of proof on my end I was given any sort of communication on a bill. + +I also did move but I set up mail forwarding and received mail from Kaiser at my new address so if they sent me something, I would have received it either physical mail or email. + +I do plan to call Kaiser first thing in the morning. I also do plan to send a same day delivery of my response in writing disputing the debt. However, I’m not sure if it will reach them within those 30 days and the 26th is a Saturday - I don’t think they are open on weekends like normal offices and companies. + +So that’s where I am in a bind. Would it be better if I called them (I know writing is best and calling is not recommended) to also inquire and dispute to at least show I did try to reach them within 30 days? + +The amount is not much and I can pay it in full immediately if it is actually legitimate. However my main concern is my credit score as it’s decent and I don’t want it to go down. If anyone could recommend what they feel is the best course of action to protect my score, I would appreciate it. + +What I’m thinking of is: +Sending my dispute in writing with the fastest delivery available. +Call Kaiser as well to inquire this issue. +Call the collections agency as well. + +TL;DR: Collections agency apparently sent me mail for unpaid debt from Kaiser that I just saw. Looking at my bill history on Kaiser, there is nothing listed in that amount on that date. The only amount for that paid has been paid in full. Claims they tried to send me notice but I find it odd as I’ve never had issues with receiving their mails and email. What can I do to protect myself? + +If anyone has any advice I would greatly appreciate it. Thank you. +Hi all, + +It's been well publicized that falls in Sydney and Melbourne have exceeded 12% and 8% over the past 12 months. This reflects the median price for the whole metropolitan area, but I'd like to get peoples thoughts on how this impacts various suburbs / market subsets. + +In Sydney, suburbs in the inner west have seen drops up to and over 15%, in places such as Lewisham and Haberfield. A little further afield there are suburbs which have recorded 20% median drops, around Bexley and Penshurst. + +(aside - I'm sure there are more examples, but my personal focus over the last 2 years has been on Sydney's inner west and st George areas.) + +Gazing into the crystal ball, what would peoples predictions or expectations about further drops be, if the overall rate was to remain the same or accelerate? Would we see suburbs that have already been hit hard continue to fall further, or will we start to see 'blue chip' areas, like the eastern suburbs and lower north shore start to catch up with areas that have had the largest drops. + +Are there any examples from the USA, Ireland, or other nations that have seen property prices go down, where we can compare the markets within major metropolitan areas? + + +Evidence shows that the P.P.T. (U.S. Gov't's Plunge Protection Team)'s trading desk is working behind the scenes to attenuate the rate of decline of global markets. Even with this support, all markets are plummeting, and commodities markets \[and nickel, and wheat, etc\] are being prevented from free trading across droves of brokers and other exchanges. + +*When you were a kid, bartering and trading little cards and toys with other kids, what did you do \[or what would you have done\] if a desperate kid is coming after your nicest little cards and toys? Yes. You quickly retracted your little cards and toys, making a swift pull-back action as you hoard your toys - thereby protecting those assets from them being taken away. If everybody - if every kid - did this at the same time, this is what is called a liquidity crunch. No buyers. Only sellers but nobody to sell to - The End of the Market - where those still trying to sell set their own outlandish prices because there are no market transactions - there is no market data. Only retraction of the assets that you like. The few kids who were lucky enough to hold the nicest assets were the most envied.* ***They just liked the 'stocks'****.* + +Evidence also reveals that the Federal Reserve has acted \[albeit indirectly\] to soften the blow to Citadel Securities (and company) by way of the Federal Reserve Overnight Reverse Repossession Program, which Citadel Securities prominently listed on their annual report. Yet, the securities held as 'assets' rather than shorts held as 'liabilities' on their annual report have indeed undergone an interruption in the past handful of business days. Global equities are in a top3-historic downfall (first 44 trading days of 2022 is in-line with Great Depression levels of declines). Therefore, Citadel Securities is now clearly in the negative (right now as we speak) when you analyze their long holdings and further estimate what their short holdings are (40% meme-stocks). The good news right now is that the Federal Reserve Overnight Reverse Repossession Program is now in a consistent decline. Money is being actively pulled back, thereby placing further increased pressure on these funds on top of the already-dangerous market backdrop of declines. + +However, one thing that a lot of analysts are missing is that Citadel Securities holds both long positions (calls, shares) as well as short positions (puts, short-sales) on the same securities \[as well as those short positions not disclosed via: ETFs, Swaps, and those unreported \[naked\]. So, there is some crossover as Citadel has been trying to abuse the low-borrow-fee \[0.5% to 1.75%\] to take advantage of historic inflation \[8%\]. The longer this goes on, the more they are \[printing free money\] based on the long term inflation-caused arbitrage of their owed-back amount (similar to the benefit of sitting on a long term mortgage while the U.S. dollar dilutes in value). + +Essentially, Citadel Securities has attempted to pin meme-stocks, via outsized positions on both sides of the trade, in order to \[in their last ditch hope\] benefit from this inflation gain at the same time as writing out-of-the-money calls and puts on these meme-stocks while pinning the price \[still while egregiously managing order flows between their own off-market exchanges AKA dark pools where they do reroute buy volume, and the lit pools AKA 'the dump' pool AKA NYSE where they do reroute sell volume\] - all to allow relatively small gains to trickle in so that they can slowly shift their position \[in the meme-stocks\] from net short to net long over many years. It appears, however, that the historic market backdrop right now proves that their long-term hope is untenable: they cannot control the Fed pulling back, just as they cannot control raw company fundamentals, just as they cannot control new SEC and DTCC passages on disclosure of shorts and swaps, and just as they cannot control demand for the meme-stocks while the DOJ and FBI watch hedge funds' every move mid-crack-down on short-selling abuses. Nothing can stop the unstoppable. + +'Long story short' (no pun intended), as Citadel's cash balance becomes dwarfed by their liabilities (shorts) exceeding their assets (longs), and as the Fed pulls back their resources from their most-exploited "overnight" repo program, there is the highest likelihood right now of a historic unwinding of leverage across global equities markets. Standby for historic volatility, and pay attention to meme-stock winners. + +I cannot stress this enough: long-term confidence has gone up with these safe-havens (long term share ownership in the meme-stocks). Next to gold, these meme-stocks are, in my view, the only lifeboats in this volatile market. This is clearly not financial advice - *these meme-stocks are simply the nicest little cards and toys out there, and valuable enough to retract, or safely-pull-in-to-own, during this global liquidity crunch that is now coupled with the historic unwinding of global credit.* +Let me start off by saying Michael Burry is not some genius despite how the Big Short made him out to be. A lot of small hedge funds employ these kind of strategies, as far out-the-money options are usually underpriced during period of high liquidity and low volatility (see: the past 5 years) and so a few are expected to pay out big every now and then. He is NOT a big name in finance at all and only well known because of a movie based on a book written by a good comedic writer with a limited knowledge of finance (source: my friend’s father worked with him a Salomon and he was consistently bottom of the class). Scion Capital has probably seen some outflows so Burry is now using this much-discussed issue in finance to flog his Japanese midcap stockpicking skills. + + + +HOWEVER – there is some merit to his argument. This comes down to 2 points: + + + +1. Systemic overvaluation of indexed financial instruments, given the massive shift from active to passive-managed funds over the past decade. I run a trading desk at large bank that deals in instruments some of which are indexed, and the change in valuation when anything is included in a widely tracked index is huge. 5-10% for smaller market caps is not unheard of. So – yes, when you buy an index you are probably overpaying fundamentally for what is in there. That being said, unless you think indexation will reverse (which I don’t) this will probably not have an effect for a long time to come. There is a lot of sellside research written on this but unfortunately it is only available to institutional clients. + + + +2. Derivative leverage. This is the more serious of the two points and unfortunately the one I am less familiar with. In short, passive asset managers basically market themselves on their tracking error – how much they over/underperform the index. Buying and selling shares, especially the smaller illiquid stocks, is expensive, so these funds reportedly often use derivatives like futures to replicate the index – ie, while there is money being made if a stock goes up, no one actually bought the stock. You can thus in theory have multiples of a company’s market cap in investor exposure, which is obviously a dangerous situation. I do not have any figures on this and base most of it only on what friends working at asset managers tell me – if someone has more information please do share it. Burry’s point is basically that if these system starts reversing, the amount of selling could quickly become much larger than the underlying stocks can handle and cause an exacerbated crash. I am not sure how right he is here – feels somewhat farfetched, but when Powell did not immediately cut rates in response to trade war related slowdown the SPX reaction was markedly sharp. No direct tie to indexation of course but could tie in to his thesis. + + + +Why is this relevant to this sub? It is the primary investment strategy of a sub that advocates building your savings to a much larger level much earlier than the average person. Also the average FI reader is much more serious about their finances than on r/investments so yes, I do think this is a relevant discussion for this forum. + +Personally, I do not think central banks’ strategies of reflating asset prices will work indefinitely so I do not like to keep the vast majority of my NW in listed instruments in general (as these benefit most directly from the current global liquidity glut). I prefer a more traditional, diversified asset split and add some risk in via very tax-efficient seed investments (possible in the UK, not USA) and some property-related side hustles. Interestingly this is similar to most financial professionals I know. If I was investing over a 20year period I would probably not be too worried about being mostly in index funds at my age; still I think this is worth a more detailed discussion than is currently on reddit. + + +I wish I had more concrete research or figures to share but I don’t. If this post is not concrete enough then Mods, go ahead and remove. I am writing this for the benefit of the community, do as you think is best. + +EDIT: I don’t have time to respond to all the individual comments but thank you, this is exactly the discussion I was hoping for - I definitely learned a lot from it so far. If someone wants to go through the comments and try put together a summary of some of the points/views raised in a separate post I’m happy to link it here.. it’s become quite a long read now. +Also, thanks for the silver! +Short and Sweet I own SRU.UN and am seeing it (as of time of writing) listed for $31.02 + +However Wealthsimple is at the same time telling me it is worth $30.87 + +I'm basically brand new to investing, and so hopefully this is something obvious I just don't know about? +Apologies for another XGRO/XEQT post. + + +I'm in the process of rebalancing my portfolio after a house purchase and renovations. I'm now looking to re-focus on monthly investments. I've got a TFSA with mostly equity investments (XEQT, TEC, HCAL + small YOLOs). But I am struggling to decide on either XGRO or XEQT for my RRSP, with a 25 year time horizon. I'm also finding that I am a bit more risk averse... I did have some "fun" with weedstocks in 2018, so an 8% average feels boring but necessary. + + +All the investing "wisdom" that I've read suggests an 80/20 strategy for my age, but age feels a tad arbitrary in my mind. I'm wondering if a dollar amount strategy for when I shift investments makes more sense? For simplicity I'll give my examples in $10K and $100K and the 2020 crash as a baseline. + + +XGRO: $10K - 25.18% = $7,482 **($2,518 loss)** +XGRO: $100K - 25.18% = $74,820 **($25,180 loss)** + + +XEQT: $10K - 28.83% = $7,117 **($2,883 loss)** +XEQT: $100K - 28.83% = $71,170 **($28,830 loss)** + + +At $10K the **$365 difference in losses** between XGRO and XEQT would hardly register in my mind. But at $100K a **difference of $3,650** feels more substantial.... but even then, it doesn't *feel* like that much of a difference when you consider the principal of $100K. + + +Considering the above. would it make sense to then set either an age (XGRO@50, XBAL@55, XCNS@60) to slowly transition to safer ETFs or a dollar amount milestone (XGRO@200K, XBAL@400K etc.) and simply do whichever comes first? A dollar amount still feels as arbitrary as an age for deciding on when to invest more conservatively, and I am having a hard time deciding on which avenue to take. It also feels like bonds don't work as hard as they should with inflation. + + +Sorry for my ramblings. Any thoughts? Anyone in a similar position? I just want to retire comfortably! +Can someone explain to me why mmed is on such a run up? I watched this forever around the 45-50 cent mark and never pulled the trigger. Now it's going to the moon. Why? + + +Google analytics + +Comparing the popularity of the google searches, using the insights query found [here](https://trends.google.com/trends/explore?date=all&q=scotiabank,bmo,td,rbc,cibc), it is clear that TD is most searched for. The focus of this research will be the Canadian markets, but it is important to consider the distribution of searches worldwide. In Mexico, there is a heavy concentration of searches for Scotiabank. In the US, TD dominates searches, as well as in the UK. RBC and TD are both around 45% of searches in India. There is an extreme concentration of searches for Scotiabank in Peru, and it is the only instance where there are more searches than in Canada for all 5 banks. Overall, the relative distribution over 14 years is this: + +Fig.1 + +|Bank |Average Interest over time, google searches (Index)| +|:-|:-| +|TD|79| +|RBC|36| +|Scotiabank |24 | +|CIBC|21| +|BMO |20| + +&#x200B; + +This doesn't tell us much other than that TD is likely present in the US at some scale, as well as Scotiabank in Peru. + +Most data from Finviz, specifically from this query: [finviz.com](https://finviz.com/screener.ashx?v=111&f=cap_largeover,fa_pfcf_u5,geo_canada,ind_banksdiversified&ft=4) + +All five banks have managed to keep their Price/FCF below five, even during the post Covid bubble. This forces a deeper analysis to be carried out. Amazingly, all of their P/E ratios fall between 12 and 15. The figure below corresponds to these values. + +Fig 2. + +&#x200B; + +|Bank |P/E |Price/FCF | +|:-|:-|:-| +|TD |12.66 |0.59 | +|RBC |14.59|1.18 | +|Scotiabank |14.50 |2.31 | +|CIBC |13.65 |1 | +|BMO |13.99 |1.28 | +|Average|13.878|1.272 | + +Now a difference between a P/E or P/FCF of 2 is not grounds for elimination from consideration for almost any cases. However, it should be noted that TD appears to be the most favorable from these preliminary figures. + +The next three values to be analyzed relate to earnings and sales. Here, we start to see some differences between the banks, with TD managing to grow earnings significantly more than the other banks in the past 5 years. + +Fig 3. + +|Bank |P/S |EPS growth last 5y |Sales growth past 5y | +|:-|:-|:-|:-| +|Scotiabank |3.36|\-1.30% |7.9% | +|RBC |5.22 |3.1% |8.9% | +|BMO |4.46 |2.8% |12.1% | +|CIBC |3.43|\-1.5% |8.8% | +|TD |4.58|8.8%|7.5% | +|Average |4.21|2.38% |9.04% | + +&#x200B; + +TD is a clear winner in this section. It would be ideal to bring the P/S down, but because the P/FCF is so high for all of the banks, it is not a worry. TD is the only bank managing to become more efficient as they scale, which potentially shows an effective management team, or increasingly more profitable businesses, or both. It is possible that the earnings increase may be a result of a lack of attention to other obligations or competitive endeavors, which could possibly hurt them in the future. CIBC and Scotiabank have managed to decrease earnings as they have increased sales, possibly hinting at ineffective management, or defective operations. It is also possible that the lower earnings are a result of restructuring, which could be positive in the future. All of these values will have to be analyzed much closer. + +The analyst does suggest that a new measure be conceived to gauge growth sustainability. The value would be determined by dividing EPS growth over a period, x, over Sales growth, over that same period, x. The measure could be called the income growth sustainability measure, and is formatted as follows: + +IGSM = EPS growth in the past x / Sales growth in the past x years + +Where at least one value must be positive for the calculation to be effective. The value produced is unitless The ideal value is 1, and deviations outside the range of 0.5 and1.5 are to be considered unsustainable. This value is only rough estimate, and would have to be refactored t in order to be used commercially because it produces inaccurate values the further you stray from 1 (a value of 2 is clearly unsustainably, as well as a value of-1 with positive earnings). Using the newly constructed equation, the figure below can be constructed. + +Fig 4. + +&#x200B; + +|Bank|IGSM| +|:-|:-| +|TD|1.17| +|RBC|0.34| +|Scotiabank|0.16| +|CIBC|\-0.17 | +|BMO |0.23 | + +Again, TD clearly has the most sustainable growth. An average is not computed here because of the nature of this value, and it will not be used to determine any conclusions. A better evaluation of sustainable growth must be formulated. + +No securities analysis is complete without analyzing the balance sheet. All of the companies have a P/Cash ratio between 0.23-0.25, so those values do not need to be discussed on a relative basis. Current ratios, D/E measures, and P/B are considered in the following figure. Some of this information has to be sourced from [SEDAR](http://www.sedar.com/). Just press “ctrl f” and type in “annual” to get to the reports. Other data is from [Macrotrends](https://www.macrotrends.net/), probably the best source of long term information on the internet. + +Fig 5. + +|Bank|Current ratio|Debt to equity|Price to book| +:--|:--|:--|:--| +|TD|0.93|0.13|1.68| +|RBC|0.90|0.11|2.02| +|Scotiabank|1.05|0.41|1.49| +|CIBC|1.03|0.12|1.46| +|BMO|0.98|0.14|1.42| +|Average|0.98|0.182|1.614| + +All of the values, except for RBCs P/B and Scotiabanks debt to equity fall within range of their peers. Objectively, these values are ridiculously strong, but nonetheless, we are looking for a winner among winners. + +The last rudimentary fundamentals to be considered are some alternative financial ratios that work best when relatively compared. This is the largest section. We will be looking at all of the ROx’s, as well as PM and OM. + +Fig 6. + +|Bank|ROE|ROI|ROA|Operating Margin|Profit margin| +:--|:--|:--|:--|:--|:--| +|TD|13.50%|5.20%|0.70%|56.90%|36.30%| +|RBC|14.30%|4.00%|0.70%|60.00%|36.10%| +|Scotiabank|10.40%|17.30%|0.60%|51.20%|23.50%| +|CIBC|10.90%|16.00%|0.50%|54.30%|25.40%| +|BMO|10.30%|5.40%|0.50%|59.10%|24.20%| +|Average|11.88%|9.58%|0.6%|56.3%|29.10%| + + + +For the returns, Scotiabank and CIBC slightly ahead of the other three because of their exceptionally high ROI. For operating margins, RBC and BMO are slightly above average, where Scotiabank is lagging behind. TD and RBC have exceptionally higher profit margins. + +Culminating the rudimentary analysis is a large comparison of Figures 2-6, excluding 4. For each figure, a “winner” can be determined, and a “loser” can be determined. Here are the overall rankings for each figure. + +For figure 2, TD is the most attractive in both fields. CIBC is the second most attractive for both fields. The first two fall below the average P/E, but because of the limited deviation between banks, this is not a huge accomplishment. The next two rankings are subjective. BMO and RBC are tied for third. Their percent difference between PEs and P/FCFs are quite similar for both of them, and each value carries similar importance. Scotiabank is fourth + +In figure three, TD is again the winner. Their sustainable growth is extremely attractive, despite having a higher P/S than the average. BMO is second for the same reasons, and RBC is third because of their high P/S. Scotiabank and CIBC are tied for fourth because they both have similar P/S ratios and their Sales growth to eps growth are similar. + +For figure 5, CIBC is the slight winner. Most values are very similar, but CIBC is in the top two for all categories. Second is BMO, lagging slightly behind CIBC with their CR and D/E, but winning the P/B category. Third is TD. Fourth is RBC because of their higher than average P/B. Last is scotiabank with the highest D/E ratio despite having stronger values in other fields. Scotiabank is in last because this value is almost four times the next highest D/E, whereas the highest P/B is only \~25% greater than the best P/B ratio. + +In judging figure 6, a higher priority is placed on profit margin. Giving equal weighting to ROE, ROI and ROA, TD is the winner of figure 6. RBC is very close behind. CIBC is third, and Scotiabank is fourth. BMO is last. + +Fig 7. The results of the preliminary relative analysis + +|Bank|Figure 2 ranking|Fig 3 ranking|Fig 5 ranking|Fig 6 ranking|Overall| +:--|:--|:--|:--|:--|:--| +|TD|1|1|3|1|1| +|RBC|=3|3|4|2|3| +|Scotiabank|4|=4|5|4|5| +|CIBC|2|=4|1|3|2| +|BMO|=3|2|2|5|4| + + +Clearly, TD was the most attractive followed by CIBC. + +Market analysis. Data is mostly from [stockhouse](https://stockhouse.com/). + +This section will analyze more sensitive factors of each company, such as short position, large and insider transactions, volatility, and other factors related to the current situation of the company. It will be split into individual sections for each bank, as well as a composite section comparing some factors. + +Lets begin with TD. TD has a market cap of 150 billion, which is quite large for even american companies. Their beta is 0.9, which will hopefully draw speculation away. They have a dividend yield of 3.825%. Not a lot of insider information is available, but most insiders have historically bought below 60 and sold at 70. The current price is 65, but is extremely attractive. + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets| +:--|:--|:--|:--|:--|:--|:--| +|TD|150.24b|0.9|3.825%|0.33%|43b|1.7t| + + +BMO has a market cap of 74 billion, just about half that of TD. They have a beta of 1.17, which is higher than desired. They have a yield of 3.71% and a short interest of 0.59%. Their yield is slightly lower than TD, despite having the higher beta. Recent insider purchases have been below $90, and a number of sales have happened above 100. + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets| +:--|:--|:--|:--|:--|:--|:--| +|BMO|74b|1.17|3.71|0.59%|25b|0.95t| + + +CIBC has a market cap of 59 billion. Their beta is 1, and their yield is 3.34. Short interest is 0.98%. There have been a number of insider sales above 100, and insider purchases below this number. + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets| +:--|:--|:--|:--|:--|:--|:--| +|CIBC|59b|1|3.34|0.98%|18b|0.73t| + + +RBC has a market cap of 134 billion. Their beta is 0.79, which makes them quite attractive if considering their dividend. Their yield is 3.34. Short interest is 0.34%. The buy/sell line is at around 80 for insiders. + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets| +:--|:--|:--|:--|:--|:--|:--| +|RBC|134b|0.79|3.64|0.34%|47b|1.62t| + + +Scotiabank has a market cap of 74 billion. Their beta is 0.79, which makes them quite attractive if considering their dividend. Their yield is 3.34. Short interest is 0.34%. Scotiabanks buy/sell line is around 75 with a lot of deviation. + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets| +:--|:--|:--|:--|:--|:--|:--| +|Scotiabank|74b|0.85|4.64|0.34%|31b|1.14t| + + +|Bank|Market cap|Beta|Yield|Short interest|Sales|Assets|Overall| +:--|:--|:--|:--|:--|:--|:--|:--| +|TD|150.24b|0.9|3.825%|0.33%|43b|1.7t|3| +|BMO|74b|1.17|3.71%|0.59%|25b|0.95t|5| +|Scotiabank|74b|0.85|4.64%|0.34%|31b|1.14t|1| +|RBC|134b|0.79|3.64%|0.34%|47b|1.62t|2| +|CIBC|59b|1|3.34%|0.98%|18b|0.73t|4| +|Average|98b|0.942|3.83|0.516|32.8b|1.23t|| + + +All five institutions have some attractive things and some ugly things in this table, relatively speaking. Scotiabank's yield is offset by the low ranking it got in the previous relative analysis. TD has the most attractive yield other than that, and the low short interest is reassuring. RBCs low beta is very attractive, as well as their large sales and massive asset pool. They are the second most attractive entry in the table after Scotiabank. TD is third at a relatively neutral position. CIBC is fourth and BMO is fifth because of BMOs large beta. + +Legal, regulatory, and other news releases, various sources. + +TD: + +* Making acquisitions. +* No recent regulatory information +* No recent legal news + +BMO: + +* Recently sold asset management business +* No regulatory +* No legal + +RBC: + +* No recent news +* No recent legal +* No recent regulatory + +Scotiabank: + +* Recently released an unpopular compensation plan for executives +* Recently announced the gradual allocation of 10b for funding CMHC initiatives +* No recent legal +* No recent regulatory + +CIBC: + +* Recently issued 1b of debentures. +* No recent legal +* No recent regulatory +Hi all, + +I noticed that I am addicted to buying new stocks in this booming and (seemingly) never ending bull market, but have trouble selling them. I am of the "let the runners run" mentality, but 90% of my ptf is up (to varying degrees). I try to let them run with tight trailing stop losses, but they barely ever hit until my order (usually good for 5 days) expires. I guess it's a "good" bad situation. + +Do you guys have advice on how I should proceed? I've attained my yearly objective already and am just riding the ups for now. + +Thanks in advance! +You will be given 100 Bitcoin and 100 Ethereum, but in return you will be put to sleep for 5 years. Would you accept that? (When you wake up, Bitcoin will be worth 300K and Ethereum 65K) + +Even though I know I would probably say yes, the possibility that something bad might happen to my acquaintances while I'm asleep and not being unable to help them would have left me in doubt, but the idea of ​​starting a new life as a rich man 5 years later would really appeal to me + +I'm really curious about people's answers on this question +When the price of ETH today returns to more than 4000, what kind of mentality does everyone look at this matter? I don't know how many people are looking forward to the success of ETH2.0 like me, but what price do you expect and whether you are satisfied with the amount you currently hold. Hope you will discuss it! +Recently it was brought to the community's attention that an attacker was draining Ethereum wallets of Ether and Tokens. We could not find a commonality between the individuals at the time and suspected weak security practices to be the culprit. We have now isolated Evernote as a commonality across the affected individuals. + +The original thread from /u/cazwell220 's loss and follow up from additional victims including /u/nmetikos and /u/misureddit + + https://np.reddit.com/r/ethereum/comments/6wnhga/jaxx_mobile_hacked_973_eth_gone_ama/?st=J7L8BF8D&sh=47c79f1c + +https://np.reddit.com/r/ethereum/comments/6wnhga/comment/dn0v0ro + +/u/misureddir has identified 6 other individuals including /u/hackedmew from the original post in that thread that had their Evernote anonymously logged into. + +As such I felt it critical to advise everyone to **remove ANY sensitive information from Evernote IMMEDIATELY, including passwords, private keys, seeds, or anything else you don't want someone gaining access to.** + +Based on the differing levels of security measures each of these individuals had in place (2FA, strong passwords, no compromise to email account register to Evernote, VPN / no use of public networks) I am operating under the assumption that this is a sophisticated attack vector, or the work of bad actor / insider threat within Evernote's organization. + +Measures to stay safe: +**1. Never store your seed, your private key, or account password in an app or on a device you do not own and manage completely. Especially devices connecting to public networks.** + +**2. Never assume a product like Evernote or Last Pass are secure. Even if encrypted on the backend, you do not own the encryption keys, and it is likely they can access your information opening you up to their insider threats.** + +**3. All encryption is not created equal. Research strong encryption standards and employ only those. Most commercial zip programs do not adequately or truly encrypt and even then, the phrase used to encrypt can be bruteforced if not strong enough.** + +**4. Do not put all your eggs in one basket. Do not store all your ETH in a single address. You are creating a single point of failure and risking it all if it is compromised. Also, the use of throwaway addresses for trading on decentralized exchange is advantageous to using the address of your primary wallet.** + +Be safe, be vigilant, and be secure all. + + +Hello AMA/EthTrader/Cryptocurrency communities, my name is Ron Pol. I’ve been quoted in US Senate testimony describing anti-money laundering laws arguably the least effective anti-crime initiative, ever. I wrote the following paper (picked up by the Economist and Forbes), and others, detailing profound failures in the global AML system: + +The World's Least Effective Policy Experiment – Together We Can Fix It. [https://doi.org/10.1080/25741292.2020.1725366](https://doi.org/10.1080/25741292.2020.1725366) + +A 1-para. satirical summary of the paper, in \[my attempt at\] the style of The Onion is here: [https://www.effectiveaml.org/aml-laws-crushingly-effective/](https://www.effectiveaml.org/aml-laws-crushingly-effective/) + +As the cryptocurrency space gains more attention from regulators and calls to subject cryptocurrency users to more stringent AML rules grow louder, my research on the effectiveness of the AML system has become more relevant than ever to cryptocurrency users and advocates. + +For example, there is, it seems to me, a huge “Trojan horse” risk, easily overlooked. While awareness of AML’s failure is growing in the AML community, regulators seldom admit it (at least publicly). So, the crypto community and public don’t know about the huge gap between AML rhetoric and reality, politicians have no incentive to face the real issues, and AML regulations keep metastasizing into more areas without addressing their own core failings. + +Some of the hidden problems are outlined on a Gitcoin page. (It’s also a grant form so I’ve checked with r/EthTrader moderators it’s ok to post): [https://gitcoin.co/grants/3380/effectiveamlorg-decentralize-knowledge](https://gitcoin.co/grants/3380/effectiveamlorg-decentralize-knowledge) + +Please feel free to ask me anything you please. + +Please note, this AMA does not offer legal or financial advice. Any matters discussed are purely academic, and you should not rely on any matters discussed hereunder as legal or financial advice. + +More papers in the series are pinned to my Twitter profile, with an infographic: @ ronaldpol \[Some give free access to the full paper, others to the full abstracts\]. +I finally got a raise at work by asking for what I thought I deserved. I started at this company 4 years ago at $28,000, which was absurd given that I have an MA in a relevant field and 2 years of professional experience. But I had just finished my MA with some student loans and was desperate to find a full-time job with benefits, plus I really do love the company I work for. Eventually, a spot opened up for me to move to a managing position, which came with a new pay scale of $38,000, and for the past two years I've been at $40,000 at the highest position I can go in my field at this company. Honestly, $40,000 was not nearly enough for the hours/level of work I was expected to manage. Since yearly reviews got pushed due to Covid, I asked for a meeting with my boss, laid out my case, and said that I believed I should be at $60,000. She agreed! The board approved the raise! + +For the first time in my life I bought groceries yesterday, and did not need to worry about overdrafting my bank account, because all of my monthly bills were already paid! I feel like I can finally start thinking about setting up an IRA and actually begin saving money! This raise also means that my husband can focus full-time on his art instead of working a shitty retail job just so we can survive. He's been getting fairly steady gig work for years now, but has had to turn down gigs because it would mean losing the day job. The best part is that all of his income from gig work can go directly to savings/investing now! I literally cried for an hour once the official approval came through for this raise! +My banker recently told me that I have grown too big for the bank and also too big for SBA. Currently at NW 6M and total loans close to 10M. I need some advice as to where do I raise money for future business endeavors. My business opportunities are rarely with real estate so they would be too ‘risky’ for many banks. I am looking to get another 10-15M in an year or two. Not looking for any business partners just capital. +Posting for a friend. Her husband died Sunday night taking out the garbage, just dropped dead. + +Her husband kept her in the dark on finances. No access to bank accounts. No knowledge of insurance, 401ks etc. But expect there is nothing there because he was irresponsible with money and not the sharpest tool. So, no money. She is full time mother, she does not work, and can't afford day care for 5 if she did work. + + + +She has 5 children ranging from 3 to 17. 3 of the kids are special needs. + +They are renters not owners. + +Landlord has given 6 month notice because he no longer wants to rent out his property. + +There will be hospital debt since they took him to the hospital to try to revive him. No health insurance. + +We don't know what other debt is out there and how it should be handled. + +Need ideas + +A big one was her husband just traded in his almost paid off mini van for a new payment on a new jeep. ...without consent of his wife. The jeep doesn't even fit the kids. Is there any path to reverse that car deal? Get her out from under that payment? + +Edit: he was employed as a assistant manager at a bowling alley. + +Edit. Resides in illinois +META: FIRE is quite often index fund and forget it. But there are a number of paths to FI. Owning a business is a common one and the most common path to FATFIRE. + +Probably once a day someone posts on here that they discovered real estate or ask why nobody mentions real estate. Real Estate is mentioned in every longish thread. It is brought up all the time. I am a Real Estate investor who reached FI within 3 years by applying leverage to Real Estate as a way to build passive income beyond my annual spend. So here are my FIRE FAQs that I see asked and answered. + +&#x200B; + +* How do I FIRE with real estate? 1. Buy a property that can reduce your cost of living such as a duplex that covers a chunk of your mortgage via rent. Live in it 1-2 years. Put the savings aside. 2. Buy another and keep the first. 3. Buy a few more properties whose cash flow is above their expenses after all expenses are covered. In general a house that costs $100,000 needs to rent for $1000 a month to be positive. 3. Use this cash flow to qualify to buy more properties. Keep buying until your true cash flow is greater than your living expenses. You are now leveraged like crazy. 4. + Hope for the best and pay down mortgages for a while before making the leap to retirement to be a little safer. This should take about 10 years. 5. Pray to sweet baby Jesus that the political and economic climate remains stable and your local laws don't become too tenant friendly. You are now retired. You are welcome. +* Since Real Estate has a much better returns than indexes why isn't everyone doing it? Because returns are variable. But more importantly investing in real estate is a skill and not everyone has that skill. Not everyone is interested in developing that skill nor does it always make sense to spend time building that skill when you could be developing your primary career. Any dummy can set an auto buy for VTSAX and not check it for a decade. It is the best choice for most people. +* Real estate is pretty awesome according to XXX book and XXXX website and XXXXX guru on facebook, right? There is a ton of money to be made in real estate. But it is a ton of work. Real estate falls less into the "buy passive income and forget it" and more in the "build a profitable business" category. Much of the money in real estate goes to the people in the know. Brokers, agents, authors, gurus, coaches etc. A beginner can get eaten alive. I cannot tell you how many people I've dealt with who have paid a coach to sell a 'system' who have no business being in business. I went to a seminar where the presenter had no idea what he was doing. His answers were laughably and demonstrably wrong and he had many people ready to write him a check. There are way more people out there who "used to own rentals" than who "love owning rentals". Real estate is hard. It is also rewarding. +* A nice building in San Fran would be 10X the value over the last decade. Why not just buy in high appreciating areas? For the same reason you don't just buy AAPL 20 years ago. It isn't clear where the winners are in your crystal ball. Plus taxes. After a huge appreciation run up you have a lot of equity and hopefully some cash flow but the taxes can absolutely erode your modest cash flow while you are crossing your fingers for appreciation. My property taxes went up 10K+ last year. That is not something I control and is tough to plan for. I can't sell 3% of an apartment to cover the taxes. For mortals cash flow is king and appreciation is a potential side benefit. +* A nice single family home in Omaha is only 60K and kicks off 500 a month from $900 in rent. I buy 10 at 5% down and I'm done, right? Sure. Assuming you have an awesome agent, inspector, manager, lender and handyman. Assuming you know Omaha well enough to not get screwed and assuming you pay more than anyone else looking on the MLS. And assuming you know why this house is magically worth 20K less than the one a block over. Investing out of area is a legit way to invest, but it isn't easy to get started. I find it terrifying. Real estate investing is a skill. Long distance investing is a skill and an art and part mystical incantations. +* Leverage is magical!! why doesn't everyone apply leverage? Good property returns usually rely on leverage which multiplies returns on cash invested, but when things go bad it multiplies mistakes. In real estate an asset can go down and you lose your entire investment plus another 100K. Straight index fund investing limits losses to what you put in, and probably only a fraction of that. You can apply leverage in the stock market too. But those people are generally not on the FIRE forums until you reach FAT levels where leverage starts to make sense again because you can handle staggering losses. Market margin buys aren't the FIRE way because they are active and potentially risky. The only reason real estate leverage works is because it is often fixed, at low rates, for a long time and therefor fits in a spreadsheet nicely. But that tends to mask the potential downside. +* I can do it without leverage, right? Yes. But then returns are the same or worse than index funds plus you have all the work. Leverage is not mandatory but it is the only way it makes it worth the work vs passive investing. +* I can make it passive. Turn it over to a property manager and forget about it right? Sure. If you are extremely lucky or want to get robbed. Even with a manager you will spend some time managing the manager. There are always decisions to be made. There are tough ethical questions to answer. It can be minimal time once you are up and running, but it is still time and effort. It takes quite a while to dial in your system. Expect to go through multiple managers before finding a decent one. Then expect to find another in a few years when that one goes south. It is still a business and nobody cares about your business more than you. +* I'll just buy 1 fix it, use the profits to scale up to 2 the repeat to own enough units to retire on, right? Sure, but do the math right. Transaction costs eat you alive. When you go to sell figure 10% for realtors, closing, allowances etc. Then capital gains taxes. Then depreciation recapture. If you don't hold for a while you pay short term gains at your marginal rate. It is rough. There are massive benefits to buy and hold and exchanging but you need to be careful to stay on the right side of the tax system. Take what you think you will spend and boost it 50%. Then reduce profit by 20% and you are closer to reality. And all this activity is extremely active. For each deal I flip and make good money on I chase 10 that I make negative money on. +* What about REITS? To me REITS don't have a long enough track record to lean on like index funds. They are tax inefficient and I don't fully understand the regulations around them. So I don't touch them. They seem extremely correlated to the stock market, so just buy VTI. + +&#x200B; + +So how and why did I go the real estate route? + +1. Income. I make under 50K a year and have kids. After child support, regular bills a mandatory pension contribution and maintaining a decent quality of life I was a couple decades from FIRE without significant changes in lifestyle. Really I was better off just working until pension age. But I am always worries my employment situation could change dramatically and I hated to have all the eggs in the government issued basket. But I just couldn't save enough to do it fast and I'm a bit of a gambler so I'm good with leverage. +2. Experience. My first home was a duplex. My second home I converted to a duplex in a massive remodel. I have always done home improvement projects myself and my family is also well versed and supportive in the construction side. My dad is right now fixing a sink for me in a basement apartment for a few extra bucks. I was 15 years into dabbling with real estate before I decided to get serious. I am a strong candidate to boost cash flow via DIY and BRRRRR (google it). +3. Comfort with the market. I know my town well. I luckily live in a good place to invest for cash flow. I understand the political and cultural climate, the economics and I know virtually every street in town. I am extremely well connected in my town as I have only briefly lived elsewhere. There is a good chance I already know the neighbor. I'm not going to accidentally buy a clunker 2 blocks the wrong side of the tracks or a know meth den. I'm also irrationally comfortable with being concentrated in 1 market. +4. Partner. My partner wanted to go this route. I was already semi-supplementing my income with rentals. When we combined households our buying power improved and it became more viable. My partner also took on the clerical side of things and allowed me to focus on the physical side of things. It met our core competencies well and that keeps it on track. If I was alone I'd have nice functioning apartments that nobody bothered to pay rent in because I don't keep track. If she went it alone she would collect rent and pay it all to plumbers that charge $500 to install a toilet even though it just needs plunged. +5. Luck and The boom. I got extremely lucky and timed the market well. I bought huge at a local housing low. A bunch of landlords finally got positive after the 2008 crash and sold when they could 'feel' another bubble. I bought those and then the market has actually gone up in term of value and rents. Plus interest rates fell. This took me from mediocre deals to solid deals. A big round of refinancing pushed mortgages out a couple years but brought payments down to FI cash flow levels. +6. Luck. I found cheap long term fixed financing with lowish money down at a local bank by pure chance. Between them and earning a commission I was maybe $5000 out of pocket to buy a house. This helped pick up a lot of property quickly. +7. Luck. Multiple deals have come our way off market and we have found the cash to capitalize. +8. Speed. Since 2017 I've been flipping, rehabbing and hunting houses doggedly. Sometimes that is painting at midnight, knocking doors before work, driving by at lunch and unclogging sinks at 2am. I've dealt with sewer backups, domestic disputes, horrible tenants, great tenants, many mistakes and not seeing my kids much. I like the work though. It sped up my journey by 15 years. +9. I have a plan B/C. I have a pension job. I'm almost 20 years in. At age 57 I have a full retirement plan waiting so I can afford the risk. The risk has so far worked out and I can coast semi retired until actual retirement kicks in. I can probably fix and flip my way to 57 working 5 months a year even if rentals somehow stop cash flowing for 2 decades. +10. We have maintained an emergency fund. We have enough cash to get through some pretty rough times ahead. and we have lines of credit to cover for a very long time. Winter is coming and I think I built a big enough castle. But I'll admit that during peak buying I didn't have 2 nickles left and any bump would have derailed my train and left me starting over with nothing. +[I was browsing Reddit news and saw this article in 🏴‍☠️/worldnews.](https://www.reuters.com/markets/europe/vietnam-sacks-head-countrys-main-stock-exchange-over-wrongdoing-2022-05-21/) + +Although it’s not directly related to GME, it’s definitely related to the world’s financial system burning to the ground. + +TL/DR: +* Le Hai Tra, 47, was dismissed for "having committed serious violations and wrongdoings", the government said in a statement, without elaborating. He was also expelled from the Communist Party of Vietnam.* + +* A series of high-profile corporate arrests on accusations of market manipulation triggered a $40 billion wipeout for Vietnamese stocks and rattled investor confidence in the fast-growing economy.* + +* Vietnam on Friday fired the chairman of its State Securities Commission, Tran Van Dung, over the same accusations as Tra's.* (INSERT GARY GENSLER HERE!) + +[I’m editing because this comments need more exposure. sorry for those that clicked it first round as it linked to TD TOS in error instead of the comment. ](https://www.reddit.com/r/Superstonk/comments/uufnyb/head_of_vietnams_main_stock_exchange_fired_for/i9f06a7/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)Literally a possible connection to Mayoman. Hopefully someone has time to dig. Unfortunately I do not today. + +Decentralized banks, decentralized securities markets, here we come. And, we are on the ground floor!!! +🍁🦍 +Looking at sunny spots on the water for a vacation home. Want to be able to visit most times of year between Oct-May and have good weather and water not too cold for water sports. Spanish language and Mexican culture is a plus to me…I enjoy traveling and improving my foreign language skills. + +Those of you who own $1M+ properties in Mexico, are you happy with your purchases? Do you use them enough in your opinion? Is it an undue hassle to maintain a property out of country compared to a direct flight away in the US? + +I’d really appreciate learning from your experience- my family is mixed on the idea, but I think there are strong advantages compared to a beach or lake home in CA, TX, AZ, NV, or similar… +Title says it all. I've had the same issue before (deposit doesn't arrive by stated date) but usually support gets back, says sorry, and fixes it. This time...crickets. + +I've had issues with about 75% of transactions through Coinbase (buying and selling). Usually they fix it, but why can't they just get it right the first time? + +Edit: Wow I really didn't expect such a large response. I almost deleted this post after the first few responses re: the software glitch. I still have not received the deposit, or a response from support (besides CorgiDad's post below), but I am confident that Coinbase will deliver, as they have in the past. + +Edit (2013.11.25): Deposit came through today. Still no response from Coinbase support. +Post a meme, great. Post information and some noobs will confidently shit on it. I love it. This used to be a sub for the knowledgeable, but now it’s truly mainstream reddit. Not complaining, welcome. Thank you all for being here. Great “beige book” sign of mass adoption. + +Go buy some bits and use them in a store, or save some for your future. + +Edit: thank you for silver! +I feel like doing a giveaway with all the hype Moons have gotten in the last few days. All you have to do is leave a comment with a little story why you think you deserve the Moons. The winners will be decided by you guys, top 2 comments get 500 Moons each. + +Rules: +- Giveaway will last 24H after this post has been created +- Upvote count after 24H will decide winners +- Please don’t downvote all comments to get yours to the top, keep it fun for everyone. + +- I did a giveaway once before, post got approved by mods +I'm a mid 20's kid that's new to investing and trying to figure out what my best course of action will be in terms of investing philosophy. I'm an engineer, have some background in corporate finance and am willing to do the work for a more active investing style. However i can't seem to wrap my head around the following. +There is this known statement/fact that 95% of mutual fund managers can't beat the market over a 15 year time span (something like that, don't pin me down on the numbers). So it seems to me that stock picking is a loosing philosophy over index funds. On the other hand there is the whole world of value investing, which seems very interesting to me. Now what i don't understand is this: value investing is stock picking, so why would I beat the market with value investing if 95% of professionals can't beat the market consistently? Why does value investing make sense? +I don't own a home (I realise this is what gets you the low rates with banks). + +But back in circa 2015 I got a personal loan for around 4% (think it was 4.3%) for £20k. Not bad. + +But more recently, my best offer is 7.9%. I earn about 4x more and actually have much better finances these days (my net worth isn't negative anymore lol) + +Rates are through the floor, negative interest rates coming in across the globe, but personal loan rates have gone up. Is it just that the risk of non-payment is higher (in the bank's opinion) ?? +I’ve been looking at used electric cars (Renault Zoe mainly), they start at around £5.5k. Does anyone have any experience on whether the lower running and fuel costs are worth the higher purchase price over a fossil fuel alternative? + +I also would love to hear your financial thoughts on electric cars in general. + +Thanks +Hey all, + +Anybody have any success buying the home they are renting? I'm talking about a situation where the rental is not listed for sale. I'm sure the owner would see certain benefits for a sale like this, avoiding agent's fees etc. + +Any had any experience with this? + +Bonus points if the experience is in QLD :) +Hi, sorry, I've tried to find the answer elsewhere, but no luck, hopefully someone here could help? + +When I check my National Insurance record on gov.uk, it states that I have 24 years of full NI contributions. When I check my state pension on gov.uk, it says that if I contribute another 5 years, I'll get the full state pension. + +I though full state pension required 35 years of NI, am I reading something wrong? + I have a business checking account holding anywhere from $20,000 - $50,0000 in cash deposits from clients at any given time. The average age of the money is \~6 months. What could I be doing to maximize this cash? Business CDs? It has to be fairly liquid so that it can either (a) purchase materials or (b) be refunded in the event that I can’t perform on a contract (hasn’t happened yet, but could). Ideas? Thanks. +For those of you who are unaware, the 2019 annual contribution limits for 401(k) and IRA accounts are as follows per the IRS: + +&#x200B; + +401(k): $19,000 + +EDIT: 401(k) for those 50+: $25,000 (credit to u/nealosis for pointing this out) + +IRA (Under 50): $6,000 + +IRA (50+ years): $7,000 + +&#x200B; + +&#x200B; + +Source: [https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000](https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000) +The most effective FUD is setting peoples' expectations and having the market consistently fail to deliver. The most effective FUD comes from within. + +Most apes ignore obvious shills. Most apes upvote and get excited about "liftoff tomorrow, squeeze starts today, etc." + +Don't set your fellow apes up for failure. Stress and anxiety are the distance between expectation and reality. Ignore posts with specific dates. Stop upvoting them. + +GME is fucking killing it. GME will moon, but we don't know when. 🚀🚀🚀🚀🚀💎👐 +I see people saying crypto is in a bubble, or XYZ coin is in a bubble. Maybe some of them are, but I am talking about Eth. To prove my point, I don't view Eth as a stock or a commodity or something like that that is subject to the winds of the market. No.....the real way to look at Eth is as a pervasive, soon to be ubiquitous, high utility platform that enhances everyone's lives on the planet. Case in point, the internet. Penetration for the world is still only about 50%. Growth has been steady and resembles a log chart. The difference between Ethereum and the internet is that you couldn't buy shares of the internet, you had to pick and choose the stocks that benefited from it that were trading publicly. I think Altcoins will rise and fall, like .com stocks rose or fell, but what is still there? The internet. Ethereum is it my friends.....you can now buy a share of the hyper-internet. + +All jokes aside, this is the correct way to look at things. The internet NEVER had a usage bubble, just the stocks that were built on it. Just like Ethereum as a platform won't have a usage bubble. The reason for this is simple, the internet continues to be useful to this very day. In fact, it is more useful every day. Ethereum is the same thing and this is literally inning 1. Truly exciting times. +Edit: **Damn!** this post hit a nerve in a **BIG WAY!** Thanks for all of the upvotes. Reading the comments you would think it should be **-803** and not **+803.** At least this proves that the majority understand what I am saying. + + +# If a twitter screenshot on Superstonk can have 40.5k upvotes. Surely the same post on twitter should have more? + +First off I am also guilty of this because I am a lazy ape. But let's encourage each other to support those doing great work outside of Superstonk. + +If we want to get some attention we need to back the people backing us. Let's get some posts trending on Twitter. + +I don't care if you don't like Twitter. If you don't have an account, make an account. If you already have it, make a second account. It takes a minute to find the posts and ❤ it. + +# This is the TOP post on Superstonk in the last week + +[mmm... how about we bump this one up? maybe a retweet while we at it?](https://preview.redd.it/5lj7qhs2sql81.png?width=1440&format=png&auto=webp&s=c3c1a53509a0c36a219d584315105ede910f8a38) + +# Former SEC Branch Chief Lisa Braganca doing some great work over on Twitter + +[she even tagged apes!](https://preview.redd.it/quin4c09tql81.png?width=1381&format=png&auto=webp&s=2a26bbd0196e5a5cdd0c4304657bee41d16f3f26) + +# Some backing for Dave? He deserves it right? + +[FFS! it's even a pinned tweet](https://preview.redd.it/ezrcqrbptql81.png?width=1420&format=png&auto=webp&s=a0c5324ac013017c12d3f3b60d1d7a7889861bb6) + +# What about our Queen Ape? 16k vs 1.7k + +[Pathetic support from the apes](https://preview.redd.it/vbh4jimauql81.png?width=1523&format=png&auto=webp&s=3db755fc1b877595e874c4fad41095f1980a2fba) + +Love for all of you crazy motherf#ckers!!! DRS and hold! Buy the f#ckin dip and support those making a difference on platforms outside of Superstonk +Edit: **Damn!** this post hit a nerve in a **BIG WAY!** Thanks for all of the upvotes. Reading the comments you would think it should be **-803** and not **+803.** At least this proves that the majority understand what I am saying. + + +# If a twitter screenshot on Superstonk can have 40.5k upvotes. Surely the same post on twitter should have more? + +First off I am also guilty of this because I am a lazy ape. But let's encourage each other to support those doing great work outside of Superstonk. + +If we want to get some attention we need to back the people backing us. Let's get some posts trending on Twitter. + +I don't care if you don't like Twitter. If you don't have an account, make an account. If you already have it, make a second account. It takes a minute to find the posts and ❤ it. + +# This is the TOP post on Superstonk in the last week + +[mmm... how about we bump this one up? maybe a retweet while we at it?](https://preview.redd.it/5lj7qhs2sql81.png?width=1440&format=png&auto=webp&s=c3c1a53509a0c36a219d584315105ede910f8a38) + +# Former SEC Branch Chief Lisa Braganca doing some great work over on Twitter + +[she even tagged apes!](https://preview.redd.it/quin4c09tql81.png?width=1381&format=png&auto=webp&s=2a26bbd0196e5a5cdd0c4304657bee41d16f3f26) + +# Some backing for Dave? He deserves it right? + +[FFS! it's even a pinned tweet](https://preview.redd.it/ezrcqrbptql81.png?width=1420&format=png&auto=webp&s=a0c5324ac013017c12d3f3b60d1d7a7889861bb6) + +# What about our Queen Ape? 16k vs 1.7k + +[Pathetic support from the apes](https://preview.redd.it/vbh4jimauql81.png?width=1523&format=png&auto=webp&s=3db755fc1b877595e874c4fad41095f1980a2fba) + +Love for all of you crazy motherf#ckers!!! DRS and hold! Buy the f#ckin dip and support those making a difference on platforms outside of Superstonk +[https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#](https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#) + +The markets a brutal place! +[https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html](https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html) + +how'd that go? +The bull market will continue. Some data presented below. + +VIRUS FUNDAMENTALS: + +* Percent of tested positive cases continue a downward trend in the US (especially in both Georgia and Texas that opened up weeks ago - where media spreads fear that overall cases have risen but this is due to increased testing. PERCENT POSITIVE is falling [https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small](https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small)). +* MOST CASES are asymptomatic and not detected which is good news for the trend towards herd immunity. [https://www.nature.com/articles/d41586-020-01095-0](https://www.nature.com/articles/d41586-020-01095-0) +* FORTY PERCENT of deaths have been in ALF and nusring home facilities. **NURSING HOME PATIENTS MAKE UP ONLY 0.4% OF THE ENTIRE US POPULATION!** 94% of deaths occur in age 50 or above. The working force labor pool remains very well intact. +* Denmark and Norway cases have not spiked despite reopening schools 3+ weeks ago (despite COVID's incubation period being <14 days). Sweden has done very well staying open (curve has stayed flat/hospital capacity never overwhelmed). +* Hope for vaccines continue to increase. Of more than 100 vaccines in development globally, at least eight have started testing in humans (lightning fast vs other vaccines in prior epidemics). [https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp\_lead\_pos1](https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp_lead_pos1) + +CONSUMER DATA + +* Thanks to income equality, the bottom 40% of households comprise 11% of total income in the country. The top 20% hold 52% of total income. Of people working in February, nearly 40% of those with a household income below $40,000 reported a job loss in March. +* The April jobs report that showed nearly 90% of Americans who had lost a job said they were on temporary layoff. +* Social distance spending (bars, restaurants, transportation/airfare, cruises, sports, gyms, movies) only comprise $717 billion of the $17 trillion consumer wallet. >90% of spending can remain intact, if no one ever does any of the social distancing activities ever again. +* Thanks to federal $600/week increase to state unemployment benefits, income for majority of unemployed people is actually higher than when before losing their job. +* Fiscal policy works, UMich edition: “Confidence inched upward in early May as the CARES relief checks improved consumers’ finances and widespread price discounting boosted their buying attitudes.” US Univ. Of Michigan Sentiment with surprise rebound in May, P: 73.7 (est 68.0; prev 71.8) +* **Home-Buying Demand Passes Pre-Coronavirus Levels** [https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg](https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg) + +DON'T FIGHT THE FED + +* "…there's a lot more we can do. We've done what we can as we go. But I will say that we're not out of ammunition by a long shot. No, **there's really no limit** to what we can do with these lending programs that we have. So there's a lot more we can do to support the economy, and **we're committed to doing everything we can as long as we need to.**" - JPow earlier today. [https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517](https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517) + +STOCK INDICATORS + +* AAII sentiment is a great retail sentiment contrarian indicator, which is also clear with r/investing being majority bear. [https://www.aaii.com/sentimentsurvey?](https://www.aaii.com/sentimentsurvey?) +Remember in 2018's correction, sentiment change was very similar to this year's crash; and 12 months later the market had soared (i.e., was great time to be buying stock while majority were scared) [http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/](http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/) +* A good short squeeze set up is happening. +"The assets sitting in money market mutual funds now totals $4.8 trillion, which equates to around 16% of market cap. On a percentage basis it’s not as big as 2008, but it’s still a meaningful amount of dry powder earning little & suffering from increasing FOMO." [https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small](https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small) +* On April 30, Boeing completed the largest bond deal ever not associated with a transaction – they wanted 10 billion, but because there was SO MUCH demand they ended up with a 25 billion issuance, with some bonds that won’t even be redeemed for 40 years at 6%. This is all despite the facts of complete collapse of airplane demand and its 737 max scandals, and even despite literally the day prior, Boeing reported a second consecutive quarterly loss and had its credit rating downgraded to a notch above junk status. Bond investors are looking ahead through this crisis. +* Overall in March 2020, U.S. investment-grade issuance topped $259 billion for a new monthly record and an additional $162.7 billion in April 2020, bested only by March! This means many of these companies have raised enough to insulate themselves through the downturn for up to 12 months. +* In every recession related crash, markets have ALWAYS bottomed BEFORE initial jobless claims PEAKS. They have ALWAYS bottomed BEFORE consumer sentiment bottoms out. **This has very likely already occurred when we saw initial claims peak out at 6.8 million in March, after the Mar 23 stock bottom.** [https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105](https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105) +[**https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium**](https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium) + +TECHNICALS + +* Mostly copied from my prior April 10 post: When you look at the 1987, 2002, and 2008-2009 crashes, **whenever the stock market had recovered 50% of the losses,** it was already well on its way to completing the next high of the new bull market. **We have closed** **above 2792.69 on SPX**, and has held solidly. This is clear confirmation that the bottom has already passed. [https://imgur.com/a/LsHZCpb](https://imgur.com/a/LsHZCpb) +* And if you also look at the prior crashes, recovery to 50% takes about half the time it took to crash. We fell for six weeks, and now 3 weeks from the march 23 bottom we are already closing in on 50%. It also takes three times the duration of crashing to reach ATH if you look at the prior events- meaning we could be SPX 3300 before September or October. +* That being said, stocks will remain volatile. No one can predict short term market movements. That’s why I’m staying long, continuing to buy stocks and hedging with trading of short term puts. Based on analysis from Robert Sluymer (at 48 minute mark: [https://www.youtube.com/watch?v=EBdaJ7OX\_3U&t=48m](https://www.youtube.com/watch?v=EBdaJ7OX_3U&t=48m) ) which I am going off of: **anticipate no greater than 10% correction from the \~2950 SPX recent high, so if stocks drop to the 2600s level, I will go all fucking in at buying that dip.** + +TAKE AWAY: + +* Remember. Stock markets always always always always bottoms out **BEFORE the bad data bottoms out.** Do not look at data today and try to ‘price’ the market at where we are TODAY. Try to price today’s market at what you think it will be in the future. Markets. Are. Forward. Looking. +* Uncertainty does NOT always mean ‘stocks have to keep going down’. It only means ‘expect volatility’. +The main thought is that I'm seeing conflicting information as to whether V3AB encompasses emerging markets or not. Does anybody know? + +Secondly, even if it does, would adding VFEM to my portfolio in order to go slightly overweight in emerging markets anyway be a sensible thing to do if I'm looking to be a little more aggressive? Say an 80/20 or 90/10 V3AB/VFEM split? +I was reviewing all the defaults and charged-off loans in my Lending Club portfolio earlier today and it just makes my blood boil. + +&#x200B; + +**For Example consider this borrower, who stole $40K and faces zero consequences** + +[https://imgur.com/a/a02FQ9f](https://imgur.com/a/a02FQ9f) + +&#x200B; + +Seems like you can create a massive bump in your income by taking out huge P2P loans ($30K, $40K, etc), make one payment, and then run off with the money. It seems there's no reason to not do this when there are no negative consequences. The first few defaulting borrowers in my portfolio didn't even suffer a decline in their credit score for stealing all this money. + +&#x200B; +ECC aims for absolute privacy and security by making blockchain services available to the masses. ECC is an open source, multi-chain platform with a financial core to function as a commercial infrastructure for future tech to be implemented. All their fruits are designed and created with a special focus on user friendliness and commercial interest whilst being safe and decentralized. + +Currently they are building their first services such as decentralized messaging, mail and file storage. ECC’s services are equipped with ANS (Address Name Service) capabilities which means that users can easily transfer currency or data in between via a nickname instead of long wallet addresses. + +This is just the start. When the foundation has been laid, the ultimate goal is to open ECC’s open source platform to other developers for them to create new services on top of ECC using the multi-chain. + +They are creating a brand new cyber world, full of endless possibilities. All with absolute privacy and security. + +The new web site launches on January 26th. Stop by /r/ecc and ask your questions. No shill, just straight answers. + +Comprehensive ECC Guide: + +https://np.reddit.com/r/ecc/comments/7picd5/comprehensive_ecc_guide_all_you_need_to_know/ +✅ WHAT IS MYOBU? + +&#x200B; + +Myobu is an ECR20 token that was designed to reward holders and discourage dumping. Learning from the mistakes of past so-called "anti-whale" tokens with fixed transaction and wallet limits that become useless as the number of pooled tokens decrease over time, Myobu introduced a dynamic sell limit that's based on price impact. Each sell is limited to 2.9% price impact to prevent whale dumps. Only 4 sells with increasing sell cooldowns and taxation rates on consecutive sells are allowed within a 24 hours period to prevent serial dumping. + +&#x200B; + +✅ WHY IS MYOBU DIFFERENT? + +&#x200B; + +This is not your typical flavor-of-the-day new dog-style token. Myobu just reached their first month anniversary, and throughout the entire time, the dev team has continually met with the community and talked openly about their plans. The dev team is transparent, took no tokens at launch (true fair launch), and collaborates openly with community members on the direction of Myobu. Instead of relying on a quick pump and fly-or-die strategy, the devs have a persistently growing marketing wallet (currently over $0.5M) so even during downturns, the team can advance the token and add functionality. Soon a forum will be launched on their website so that community members can formally suggest ideas, ask hard questions, and vote on each other’s ideas. To date, this has been done on telegram, but a dedicated forum to place ideas will help community interactions. Unlike a lot of devs, the Myobu team does not block people for asking hard questions. And if you want to talk to them, they are on telegram almost daily. Because they bought in after launch, just like all holders, they care about the direction and success of Myobu and are willing to take constructive criticism. + +&#x200B; + +✅ MYOBU VISION + +&#x200B; + +The Myobu vision was laid out in their recent whitepaper (“Fox Paper”) - [myobu.io/files/myobu-whitepaper.pdf](https://myobu.io/files/myobu-whitepaper.pdf). I’m not going to repeat all of the information, so just check out the whitepaper and see everything that is planned. Rewards, smart contract games, smart contract buybacks, irl parties, etc. The team has recently hired two major marketing firms, have advanced engagement with influencers, and is in talks with celebrities (one is very close to being announced). While marketing alone doesn’t make a good token, it does help to spread the word and share the vision. The dev team’s goal is a $1B market cap. This coin is still so new, that anyone who missed out on Shib can have another chance to get in early on a project. + +&#x200B; + +✅ MYOBU F.U.R. + +&#x200B; + +Myobu is building a community and token around F.U.R. – Fun, Useful, and Rewarding. This means the hope is not just a viral pump with no substance. To date, the team has introduced The Fox Pit, a bimonthly tournament that pits holders against each other in a fun drawing to win a percentage of the past weeks volume of trades. Etherscans of rewards are available, so prizes can be confirmed. All Myobu prizes are given out in ETH, so winners can’t just dump Myobu and crash the price. Holders are always valued and protected. The Fox Pit is streamed live on twitch, hosted by the Myobu Foxies every two weeks. The team also recently introduced The Fox Shrine, a power smart buyback contract to continuously raise the price floor. Anyone can call the contract, which sends the caller a small amount of ETH to send burned tokens to 0x0…0dEaD. This creates a truly decentralized and trustless way to buyback and burn tokens, which continually receive reflection (exponential deflation). On the 4th of July they had their first Shrine Blessing, which gave back ETH to community members that had helped burn tokens at the Shrine. For the Euro2020 soccer tournament, the Myobu team set up a series of community competitions on twitter, to reward holders and give back to select charities. See the twitter stream and medium articles for more information on other F.U.R. events and plans. Smart contract games, more competitions, and IRL events are being planned. + +&#x200B; + +MYOBU TOKENOMICS + +&#x200B; + +Token Information: 🔹 Token Name: $MYOBU 🔹 Token Type: ERC20 (ETH) 🔹 Total Supply: 1Trillion 🔹 Contract: 0x75d12e4f91df721fafcae4c6cd1d5280381370ac + +&#x200B; + +Token Key Features: +🔸 Fair launch: no presale, no developer tokens (means, no rug possible) 🔸 Safe: Liquidity locked and ownership renounced 🔸7%-28% of sales goes to redistribution (reflection) to holders (wallets grow fast!) 🔸5-10% on sales and 6% on buys goes to marketing / dev team to fund continued advancements 🔸2.1% tokens burned to date, 5.3% tokens in pooled liquidity, 92.6% of tokens with holders 🔸 Largest wallet only controls 3.7% of tokens, no single person can crash this. + +&#x200B; + +✅ FINAL THOUGHTS + +We all know what it is like to be burned by rug-pulls, crappy dev teams, and viral pump-n-dumps. Myobu is different. The Myobu community and dev team are committed, and Myobu will be a long term project. Over 70 other copycat tokens have tried to replicate Myobu tokenomics, and nearly all are dead now because they lacked the team and vision (or were just straight up scams). The Myobu tokenomics speak for themselves, that is why so many want to copy it, but what really sets this apart is a trustworthy, incredibly intelligent team, and a community that is in it for the long run. And they have a growing pool of funds to make it a sustainable project, and at the same time, hodlers are rewarded. + +&#x200B; + +✅ Audited by CTDSec – passed all security tests + +&#x200B; + +👉🏻 WEBSITE: [myobu.io](https://myobu.io) + +👉🏻 WHITEPAPER: [myobu.io/files/myobu-whitepaper.pdf](https://myobu.io/files/myobu-whitepaper.pdf) + +👉🏻 COINMARKETCAP: [coinmarketcap.com/currencies/myobu](https://coinmarketcap.com/currencies/myobu) + +👉🏻 TELEGRAM GROUP: [t.me/MyobuOfficial](https://t.me/MyobuOfficial) + +👉🏻 MEDIUM: [myobu.medium.com](https://myobu.medium.com) + +👉🏻 TWITTER: [twitter.com/MyobuOfficial](https://twitter.com/MyobuOfficial) + +&#x200B; + +Do you own research, this is not financial advice. +https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html + +"Charles Scwab said on Tuesday that it is ending commissions for online trading in U.S. stocks, exchange-traded funds and options. The changes will apply to securities on Canadian exchanges as well." +Hi Guys, + +I buy US stocks from IB. Since I add money into IB in euro. What I see on IB is Positive Euro balance and negative Dollar balance. + +I recently realised that I end up paying some margin to IB due to my negative balance in dollars. + +I see an option to convert which lets me convert my euro balance to USD. + +I think I will pay some spread to convert to dollar, and again when I will convert it back to Euro when I cash out. Apart from that there would be EURUSD currency risk. + +My question is should I convert to USD or leave it like it is today? Is there any risk or extra charges? +I'm wondering, if I receive for example 25$ USD in dividends, and have euros already in my account, can I buy more US ETFs by combining the two balances? Or must I have the full amount in either USD or EUR to make the transaction. + +Example: + +VTI is about 125$. + +I have 85 euros (approx 101 USD) and 25 dollars I just received from dividends. + +Can I buy a share of VTI with this, or do I not have enough to make the transaction? + + +What is current state of mutual funds in Europe? Everyone, even my friends who don't care much about investing or money are talking about ETF/index funds. Those are people who in the past won't considered any other investment besides saving plan in banks. + +So are mutual funds dead? Will they still exist in near future if they can't provide value even for ordinary folks and are expensive and not that performant in compare with ETF? + +And this is not event state when cheap free comission investing is spread through Europe as in USA. +My wife and I will start our first high paid jobs in Germany and we will start investing monthly for retirement into a balanced ETF portfolio. My question is: which german bank is the best for this type of planning? Consider that I already invest on my own using DeGiro in a riskier portfolio, but my wife wants a "real bank" and a safer investment. + +Searching on the internet, I found out that the best investment bank seems to be Comdirect, Ink, and DKB. Since my wife has already an account with DKB, we will probably open an account there and create an automatic monthly investment plan. However, I wanted to get the opinion of others first. What do you people think? Any personal experience? + +Also, my investment will probably be something like the All Season portfolio, heavy on bonds and gold/commodities to reduce the standard deviation and let my wife sleep better at night. Any comments or links to other posts on this specific topic? + +Thanks +Hi, I have a good amount of euros I've earned (over 100k), but I don't know what to do with them. I'm based in the UK but I don't really want to convert them to pound sterling, especially since the pound has recently gone back up against the euro. + +I've looked at euro savings accounts but the interest rates are terrible. Is there anywhere you can get over 1%? + +Ideally, I would put them into a Vanguard fund and forget about them for a while, is there a platform I can do this on for euros? +Hi everyone, + +Moved to Ireland a few months ago. My company has a pension plan (called a [personal retirement savings account](https://www.citizensinformation.ie/en/money_and_tax/personal_finance/pensions/personal_retirement_savings_accounts.html)) and they’re offering to match 6% of my contributions. This sounds great, however I’m only planning to stay in Ireland for 2-3 years. + +From my research, it seems like once the money is in there it can’t be taken out until I reach retirement age. Is there any point in putting money in this? Or should I go for a more liquid form of investment such as ETFs? + + +Hey, I've been told that this is not a good time to buy and invest in ETFs (or anything else for that matter) because the bubble is about to burst and its best to wait a few more months, what do you guys think? Where can I get more information about this? +What is current state of mutual funds in Europe? Everyone, even my friends who don't care much about investing or money are talking about ETF/index funds. Those are people who in the past won't considered any other investment besides saving plan in banks. + +So are mutual funds dead? Will they still exist in near future if they can't provide value even for ordinary folks and are expensive and not that performant in compare with ETF? + +And this is not event state when cheap free comission investing is spread through Europe as in USA. +Hello, + +I have been investing in ETFs for almost 3 years now with very nice return. Currently I own + +&#x200B; + +70% MSCI World (IWDA) + +20% Emerging markets (EIMI) + +10% MSCI World small-cap (IUSN). + +&#x200B; + +But I would be interested in an even higher return. I would like to add some new ETFs, I am thinking about some sector ETFs and cryptocurrency ETFs. I particularly like the technology sector (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) - IE00B3WJKG14). I probably wouldn't go into any thematic ETFs in detail, although I like a few them, for example + +&#x200B; + +Blockchain (IE00BGBN6P67), + +Cloud Computing (IE00BJGWQN72), + +Automation & Robotics (IE00BYZK4552), or + +Video Gaming and eSports (IE00BYWQWR46). + +&#x200B; + +I'm aware that I'm not diversifying by buying a technology ETF, as technology has the largest weighting in the MSCI World Index, but I'm just interested in a higher proportion of technology in my portfolio. Is this a good consideration? I'd like to put the majority of my deposit in one of these ETFs. The rest and a smaller portion in a cryptocurrency ETF/ETN, such as the 21Shares Crypto Basket Index ETP (CH0445689208). I asked about cryptocurrency ETFs recently in another thread ([https://www.reddit.com/r/investing/comments/qys0nk/are\_there\_any\_crypto\_etfs/](https://www.reddit.com/r/investing/comments/qys0nk/are_there_any_crypto_etfs/)). Would you advise investing in this crypto ETN for example, or would you prefer the entire blockchain sector ETF mentioned above? Alternatively, I would be grateful for some overall commentary/insight on my thoughts above. I am aware of the higher risk with these ETFs and I tolerate the risk well. Moreover, now is a pretty good time in my opinion to invest as markets are falling due to fears of a new variant of the coronavirus. + +&#x200B; + +Thank you +Relatively new to investing, having only started a year a go and not invested much since Feb of this year, only adding BB to my Portfolio yesterday. + + +My plan is to invest €75-100 p/w. + + +I am looking for advice when it comes to Irish tax and Investing, is the Portfolio below suitable? I have been steering clear of ETFs having started out with purchasing them, the deemed disposable and higher exit tax has been putting me off. I have looked at possible investing in (BRK.B) Berkshire Hathaway as a make shift ETF as it's classed as a stock, or since I use Trading 212 to trade making use of their pies and creating my own 'personal ETF' and DCAing into that each week. + + +1. My main questions are is this an effective investing strategy in Ireland. +(Buying 10-15 stocks each week DCA, and possibly cherry picking some if they look good which I did with GEVO and VUZI.) + +2. Am I diversified enough, is there any area's that I have failed to invest? + +3. Should I steer clear of ETFs entirely and focus on single stocks. + +4. Are there any similar stocks to BRK.B that are effectively and ETF but are considered as a stock. + + +\*All money invested is money that I am willing to lose, I have no debt and have a separate savings account outside of the market with 8 months expenses.\* + +Any general advice would be appreciated, and thank you in advance! + + +***Portfolio:*** + +*Stocks:* +AMC: 10% +VUZI: 10% +GEVO: 7% +NIO: 7% +BB: 7% +FUV: 5% +HVBTF: 5% +CCL: 5% +MARA: 4% +PLTR: 4% + + +ETFs: 15% + +<10% +(BABA, ABML, IVR, RDSA. KNDI, SOLO, GE): 0.5% - 3.5%) + + +*Crypto:* +BTC: 7% +Hello, + +I'd definitely appreciate inputs on the issue of how capital gains (earnings from selling shares both over and under 12 months holding period, dividends and other forms of capital gain) are taxed in Germany. +The more I research on this topic, to more confused I get :| + +Thanks in advance! +Hi all , so I am 25 years old. +I invested a few grand into cryptocurrencies March 2020 (yes I got so lucky with the timing, as most coins had crashed at this time)…. +I use eToro mainly. My balance is now gone up to a figure I had never dreamed of making really. + +I am wondering can anyone advise me on what to do regarding minimising the amount of capital gains tax I will be subject to. +I have looked into moving abroad to countries that have lower tax rates to avoid paying 10’s of thousands in tax! + +Any idea of countries I could move to, and for how long for me to become a tax resident. I think it’s 6 months in some places. +Any advice is really helpful! +Hi, + +I opened a DKB Account recently and as I try to set a savings plan on ETF, it disallows me to complete the recurring savingsplan setup stating that I lack knowledge of investment instrument. I remember while opening the DKB Broker I stated that I'm not familiar with any investment instrument as I'm not a pro trader but someone who wants to just setup an automated ETF savings plan. + +What can I do to resolve this issue? Has any of you run into a similar issue? + +Thanks +Also: is there anything I need to know about trading in europe that's different from america? What are the major differences? And since robinhood isnt available in Spain, what is the best second option? +I need to design a portfolio for my parents, who have low risk appetite and will reach retirement age in 10 years. When I started my own portfolio I just went all-in on a global market ETF. + +I find this more challenging. How can I stabilise the portfolio and minimize the chance that it will be negative ten years from now? + +The classic doctrine is to mix with bonds but nowadays bonds seem a lot less attractive and many recommend not having them at all ([https://www.forbes.com/advisor/investing/low-bond-yields/](https://www.forbes.com/advisor/investing/low-bond-yields/)). +Hey all, + +What is your opinion about P2P lending? As I can judge, some of the platforms face problems due to their investments into KZ, UA, and RUS markets. Some say that loans are risky investments, but is it so? What is your personal opinion about P2P? I think it is worth it cause they provide constant income, which is predictable. +Job numbers are terrible, China trade war, Mexico Tariffs, Inverse yield curve, No rate cut, inflated P/E ratios, literally nothing good is happening right now. + +Yet the market is going up... +Hello again UKPF + +I am in the fortunate position to have completed saving for our house and are just waiting on it being built. We have been aggresively saving for nearly a year now (saving before that but less aggressively) and I have found myself living paycheck to paycheck... + +Not in the sense that I am struggling and can't wait to be paid just to get by, but instead I am struggling to occupy myself between paydays. On payday it is all great, I get my spreadsheets out, get my accounts all logged in and start moving money to various pots, record my pension amount and that's where it ends. I find myself really racking my brain for stuff to do between pay cycles and just can't wait for the next payday, it's beginning to drive me nuts. + +Does anyone else go through this, and if so do you have any ideas/ tips to combat this? +Probably not a surprise, but wanted to share this for discussion points. Given, the initial and brief inversion in April 2022 garnered most of the attention, but I personally think this one will get a bit deeper unless the Fed immediately walks back some rhetoric. Keep in mind, the inversion in April occurred before the Fed had even started to raise interest rates. It was more or less off the back of traders selling short-dated bonds in advance of the hiking cycle, and doing so more than they ever had before. + +Typically the long dated end of the curve starts to call out the fed's bluff during a hiking cycle as growth starts to slow down, which ***may*** be what's happening right now. + +As for inevitable discussions of recession and lag time from inversions, keep in mind that statistically, there is a wide window in which markets may or may not react to an inversion. In the Dotcom bubble, there was a secondary inversion that occurred right as the tech market topped in March of 2000. Recession didn't occur until later, but for the purpose of investors trying not to lose money, the inversion essentially top-ticked markets. On the other hand, the initial GFC inversion occurred over 2 years before the 2008 meltdown. It persisted in being negative for quite some time after the initial inversion, which may have played a role in reducing lending activity. +CloudMD is growing extremely quickly and imho, about to breakout.....review for yourself and see if this fits in with your portfolio + +https://www.reddit.com/r/CloudMD/ +You probably heard the news, Canopy Growth stock plummet due to very high loss (+1 billion). Yesterday, Tilray (Nasdaq:TLRY) was oversold on the markets for the same reasons : the bottom line. Despite some good surprises (TSX:FIRE, TSX:APHA ), the big players keep loosing money. I lost nearly 30% since the beginning of the year : OGI,HEXO,ACB,APHA,FIRE ..... + +What do you think about the cannabis sector in Canada ? Some companies are already looking for international markets such as ACB .... +You probably heard the news, Canopy Growth stock plummet due to very high loss (+1 billion). Yesterday, Tilray (Nasdaq:TLRY) was oversold on the markets for the same reasons : the bottom line. Despite some good surprises (TSX:FIRE, TSX:APHA ), the big players keep loosing money. I lost nearly 30% since the beginning of the year : OGI,HEXO,ACB,APHA,FIRE ..... + +What do you think about the cannabis sector in Canada ? Some companies are already looking for international markets such as ACB .... +I want to dedicate a significant chunk of my portfolio to ENB because I believe the company is strong and the stock will eventually rebound. + +However, the news about the Line 3 lawsuit has me worried that the recovery will be a lot slower than analysts have targeted. This makes me nervous that it could sink well past this year's low. + +Any ENB.TO investors here? Thoughts on recovery? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +**For those of you unaware, central bankers in the US are currently discussing how to taper bonkers-level stimulus packages to avoid dangerous levels of inflation in the present/future. Below are the key points I took note of in Jerome Powell's (Chairman) opening speech remarks...** + +Going forward, the Fed's two primary goals in mind are: + +"Maximising employment, and + +Averaging inflation around 2% on a sustainable basis" + +He mentioned that history shows offsetting inflation has had adverse effects in the past, slowing overall economic growth (without elaborating further), while also acknowledging that wild inflation = bad. + +Interestingly, he said they're also monitoring the publics' expectation of inflation, which is apparently an important determinant in the outcome of any reactionary policy. + +Do you have a flaccid yet? + +The phrase "we're monitoring incoming data" was used 4 times when less ambiguous, more meaningful statements certainly could have been made. + +Also stated, was that "policy is currently well-positioned". + +Furthermore, that they're "steadfast in supporting the economy to ensure its full recovery" (with respect to the above points) + +**tldr; Investors should continue as per the last 12 months. J-Pow all foreplay, no action. While we're at it, we might as well turn Pamplona's running of the bulls into a fucking triathalon, hey?** + + +Anyone else have a better take on these remarks? Or perhaps stuck around for the later discussions? +Registered interest on the Stripe IPO a few months ago, got a call about it the other day and I'm torn. Min buy-in is USD$10k, about 2/3 of my current portfolio. + +Never done big boy investing. Anyone done it before /thoughts on it? + +PS can't believe this is the first place I thought of to ask this. I must be too far gone. +This past week, we have observed a rather large number of Characters writing cheques they can't cash. + +&#x200B; + +Firstly, remember to call either /u/*Thelordofruin* or /u/letsburn00 to gather our attention, the /u/*Thelordofruin* has underscores at either end. If the debt is definitely due, you will get a flair. If the debt is not in fact due, you will also get a flair, just not quite as cheerful. + +&#x200B; + +Debt not due, but on notice: + +If /u/PM_ME_YOUR_1080 adds another zero to their insanely stupid CFD bets, then /u/Jody8 will [eat a dick.](https://www.reddit.com/r/ASX_Bets/comments/fz19at/options_are_too_hard_cfds_are_super_easy_you_can/fn59jxi/?context=3) + +&#x200B; + +&#x200B; + +Debt Due: Provide answers before Market open Tomorrow morning (Tuesday) : + +/u/BBUS4LYFE [Said they were out of BBUS and all in on Oil. Thus far, only proof has been buying in $10k on OSH. Provide Proof (private to mod is fine) that a roughly equivalent amount of BBUS was sold in an unholy choice to leave the gay bear lifestyle and turn to oil.](https://www.reddit.com/r/ASX_Bets/comments/fyxfxb/extremely_positive_headlines_everywhere_australia/fn2jszm/) Bonus points for /u/AussieFIdoc being a regular snitch. You still misspoke /u/_Thelordofruin_ so the flair stays. + +&#x200B; + +/u/Covid19tendies [now has until open of trading tomorrow to show proof that they bough $100k of ADN, or ban. They have negotiated that only $60k of this will be bought at market. Proof is to be delivered to the Mods before open of trading tomorrow. If late (i.e on thursday) they can be unbanned if data is shown to mods, but will receive a flair](https://www.reddit.com/r/ASX_Bets/comments/fyg2g0/10_upvotes_ill_drop_100k_into_adn/). + +&#x200B; + +Eventually, we will be more open about this penny stock bullshit, but if you're going to talk stuff up, at least do some DD, don't jump pump. The YOLO tag minimum for a penny stock (<$50m market cap) is $100,000. Leave your pumping to your posts in /r/cuckold or Hotcopper. We will only allow this stuff on a case by case basis. +I posted here a few months ago looking for advise how to handle my debt. After reading a lot of posts and comments I’ve decided to go on a dmp. It was scary to face all my debt but it feels like a huge weight has been lifted off my shoulders. There is a light at the end of the tunnel now thanks to all of you 😊 +My guess is they took the money and left never to be seen again. + +For those not in the know, here are some of the red flags brought up by the community to warn newbies against "investing" in their "presale": + +* No MVP and no real technical whitepaper (just a copy-pasted gambling contract and a presale description), no roadmap except to disrupt the online gambling industry +* No social media links, Linkedin or any sort of track record/bio (not even kidding, the dude just gave us a first name after being pressured to disclose some info. Well, nice to meet you "John" or whatever he called himself) +* Lacking communication on reddit and only doing so for crowdsale matters +* Website has not been updated in ages/false and outdated info (crowdsale is still ongoing because why not, right?) +* Blatant vote manipulation and sockpuppeting on reddit with multiple accounts created "2 hours ago" hyping the project and vouching for the unknown redditors that didn't exist yesterday but are asking for your money today +* No activity for the last 8 days on both accounts that organized the crowdsale. Last comments were instructions on how to part with your money + +Here is the presale address 0xc96eec418b50c538c3f3e32e71575da068a97401 +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/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! + +Hey Everyone, + +The classic money vs happiness dilemma. + +I'm at the point where I am ready to call it a day on an international assignment, I've been in South America for six years at this point. Overall it's been an incredible experience and an incubator for growth in all areas of my life (personal, financial, professional, etc). I've also had the opportunity to do some bucket list type of things (olympics, world cup, trek patagonia, etc). With that said I've hit a wall and I'm not happy with my life here. To be honest I've never been completely happy but I wanted to give it a shot before I called it a day. + +The main sources of my unhappiness are: + + +* Work - I simply am not interested in performing my current role any longer and have no other opportunities here +* Country - As much as I've enjoyed a new culture etc I'm over the dysfunction, the dishonesty, the bureaucracy etc. +* Social life - Even after learning the language and being here several years I've found building and being a part of an authentic/sincere community/group to be elusive. And this is perhaps the greatest source of my discontent. + +I can choose my departure date between mid year or end of year. The only thing that would keep me here for year end is the fact that i'd save about $30k in taxes and living expenses. While $30k is nothing to laugh at, it doesn't change my life at this point. + + +My current NW is about 515k and I'm 35 (STEM): + +\- 125k cash + +\- 205K AAPL + +\- 185k VFIFX (SEP IRA/ETC) + + +I want to think soberly as I know that emotions are prone to cloud judgement but part of me doesn't think the money is worth it given I've already been gone for so long and have wrestled with this over the years. + +Thank you for taking the time to read this. + +Edit: + +Intended use for cash: + +- 20-25k used car +- 50-100k downpayment on house/condo or outright purchase, furniture, etc +- Leftover as OMFG SHTF emergency fund +This month's theme is **Charter Schools**. The nomination and paper suggestions came from /u/integralds. + +Gameplan: + +* We will begin a non-technical report, **"How New York City’s Charter Schools Affect Achievement"** (Hoxby, Murarka, and Kang 2009). +* This will be followed by the published article **"Explaining Charter School Effectiveness"** (Angrist, Pathak, Walters 2013). +* And we will finish the month with a working paper, **"Stand and Deliver: Effects of Boston's Charter High Schools on College Preparation, Entry and Choice"** (Angrist, Cohodes, Dynarski, Pathak, Walters). + +----- + +**"How New York City’s Charter Schools Affect Achievement" (Hoxby, Murarka, and Kang 2009)** + +Link to Non-Technical Report: http://users.nber.org/~schools/charterschoolseval/how_NYC_charter_schools_affect_achievement_sept2009.pdf + +Link to Technical Report: http://users.nber.org/~schools/charterschoolseval/how_nyc_charter_schools_affect_achievement_technical_report_2009.pdf + +Executive Summary: + +>The distinctive feature of this study is that +charter schools' effects on achievement are +estimated by the best available, "gold +standard" method: lotteries. 94 percent of +charter school students in New York City are +admitted to a school after having participated +in a random lottery for school places. In a +lottery-based study like this one, each charter +school's applicants are randomly divided into +the "lotteried-in" (who attend charter schools) +and the "lotteried-out" (who remain in the +regular public schools. + +>These two groups of +students are identical not just on dimensions +that we can readily observe, such as race, +ethnicity, gender, poverty, limited English, and +disability. They are also identical on dimensions that we cannot readily observe like motivation and +their family's interest in education. The lotteried-in and lotteried-out students who participated in +the same lottery are identical on these subtle dimensions because they all applied to the charter +school. They are separated only by a random number. + +>We follow the progress of lotteried-in and lotteried-out students. We compute the effect that charter +schools have on their students' achievement by comparing the lotteried-in students to their lotteriedout +counterparts. This is a true "apples-to-apples" comparison. Lottery-based studies are scientific +and reliable. There are no other methods of studying the achievement of charter school students that +have similar reliability. +Grossman, Sanford J., and Joseph E. Stiglitz. 1980. “On the Impossibility of +Informationally Efficient Markets.” American Economic Review, 70(3): 393–408. + +> As pointed out by a number of scholars, in a world of dispersed information, the +equilibrium price will itself in general be a source of information to participants, +since it incorporates whatever information other participants have. Grossman and +Stiglitz examine the implication for the case where information can be acquired at +a cost. If there is an equilibrium, some will choose to get informed and others not; +the two courses of action must be indifferent. (Very special assumptions are made +about the risk aversion characteristics of the population and about its heterogeneity.) +In particular, if some individuals can acquire perfect information at a finite cost, then +no equilibrium exists, since, if information is acquired by some, it will be reflected +in the price and so can be acquired costlessly by others, while if no one acquires +information, it will pay any individual to acquire it. +My parents and aunt have gotten themselves into huge financial trouble. + +Currently, they owe around 350k on the house and have missed repayments totalling to 30k and have been given notice to vacate the house within the week if they cannot make the 30k repayment. Originally the debt was about half but they had decided to build a granny flat on the property back in 2017 and refinanced the house on another 15 year loan, at first they were able to make the repayments when my dad and aunt were working but he no longer works due to illness, mum cannot work due to disability and my aunt only works part-time so she isn’t making enough to cover the $3200 monthly repayments. + +They have asked me [F/27] if I could take on the mortgage of 350k. They have said they’ll change the house into my name and will help with the monthly repayments. + +My 2 sisters and I still live here but I really do not want to do this as: + +1. I only make around 50k/yr + +2. It is a HUGE responsibility on me and will impact me greatly in the future financially or if I ever wanted to buy a house plus I still have a car loan and student loans to pay off. + +However, if I don’t do this my family is going to lose their home. I’m at a lost at what to do because I don’t want my family to essentially be homeless but I also don’t want to take on this financial burden. +[‘How can you not be’ bullish on Peloton, trader asks ahead of quarterly earnings](https://www.cnbc.com/2021/08/26/peloton-earnings-trader-sees-a-potential-50percent-rally-back-to-old-highs.html) 3:38 PM + +[Peloton shares tank after cycle maker posts disappointing earnings and outlook; cuts Bike price](https://www.cnbc.com/2021/08/26/peloton-pton-q4-2021-loss.html) 4:03 PM +I was just thinking that if someone just learned about Bitcoin and wanted to invest that the price of 44k (at the time of writing) for 1 BTC might deter some people from investing since they might think there's no way I'll ever own 1 BTC. But if the price was being presented and talked about in terms of Satoshis would a lot more people be willing to invest? Would we get more of the shitcoin investors willing to buy into bitcoin? I know the math is all the same, but the psychology of investing $100 and getting 0.0022727273 of something (btc) doesn't seem as appealing as investing $100 and getting 227,272.73 of something (sats) does. And I think a lot of people who invest in shitcoins like that they can own thousands or millions of something and hope the price rises. If people looked at the price of 1 sat (0.00044) would they be more or less willing to invest? Curious what people think about this? +**This is super long but definitely interested. TL;DR at the end.** + +&#x200B; + +We have an investment property in Sarasota. Bought it for 185k, rehabbed it and it's about to be listed for 500k. We've placed coming soon signs and have already had offers for around 50k less in cash. The property is in an "exclusive" area where, while the homes aren't mansions, zoning restrictions require a minimum of 1 home per 2 acres. This is very rare consider it's less than 2 miles from the beach. Since I purchased the home, I rehabbed it to a full luxury home with all the amenities. Also, Sarasota has a massive car collector market, and being one myself, I build a 6 car hurricane proof garage on the property (it also fits RVs) - this has been the main selling point. Our neighbor across the street sold their "circa 2005" home for 400k in less than 3 days. This was a home that had water ingress through the roof and stained drywall. It is less than 100 sq/ft larger than our home and was listed as an "investor opportunity". + +Anyways, around 6 months ago we applied for a HELOC to build even more on the property without using our cash. We owed little in comparison to what we thought the appraised value would be. During the process the appraiser that came to us was the most asinine person I've ever encountered in my life. I did the walk-thru with him making sure to point out all of the work we had done. The home was left abandoned in 1995, we bought it in 2014. The entire home was rebuilt, including the studs, in 2015. It seemed like every time I told him something we had done, he had to "one up me". This wasn't limited to just the house but also my cars. I had some cars stored in the garage and while he was talking pictures and measurements, he kept telling me about how he used to own XYZ cars and his son drives this and that. Two examples that come to mind were the fact that we had put "exotic granite" in our kitchen while he had "quartz" which is "far superior". That's true, but our quartz contractor said we couldn't get a slab as large as 8x10 without cuts, so we opted for granite. Another was when he saw my car and felt the need to say that "oh that's a nice one, I bought one for my kid when he went to college. It's an ok car, it's not special, not really for me so it's whatever".... I was like, "uh ok". + +I've dealt with a ton of people in the RE world and this dude was the worse. Most have been extremely professional. I mean honestly, this dude was the only guy who was like flex one thousand on me. Not only did he annoy me with his constant need to shit on me (mind you he also told me that he does over 800 appraisals a year and that he charges $400 per so he's "rolling in the dough") but he literally F\*\*\*\*\* me on my valuation. He said "oh yeah I used to flip property but now I make around 400k a year doing appraisals. I come in, take some pictures, it's like 10 minutes, and I get $400. Easiest money ever". This should have thrown out a bunch of red flags to me, but since I was at the mercy of his valuation, I just went with it and told him how awesome that was. + +When he was done I tried to hand him the spreadsheets of all the work done, the cost of said work, and the materials and brands used. He straight up denied it saying "I don't need it, I'm a pro". I've had over 10+ appraisals on properties in the last 3 years and I have **never** had an appraiser deny anything I provide them. He also turned down comps that I found to make it a little easier for him (I know that providing comps isn't always a guarantee, but most of them take it. I never try to steer for a valuation, but to some it's helpful). + +Literally 1 day later (fastest appraisal submission I've encountered), the appraisal has been submitted to the bank. The valuation? 350k. Even the banker who is familiar with our are was in shock. To add insult to injury, he stated that the roof was in need of maintenance as it's over 10 years old, the HVAC was nearing it's life expectancy of 15 years, and in general all of the appliances were due for an update as they are "dated". It was by the far most bizarre appraisals I've ever seen. This appraisal was entirely based on his personal opinion and not facts. Manufacturing dates on said appliances and HVAC units would prove less than 5 years old. Permit research would prove the roof was completely redone in 2015 and the same for electrical, plumbing and drywall. The home has an induction top, double convection oven, metal roof, new electrical, all porcelain flooring, soft close everything (lol), and cpvc plumbing. This was one of the time I let my wife go all out and build what she would want vs what we would make money on. We both love the home and always felt some kind of sadness about the idea that we were going to sell it. Anyways, every thing he stated on his appraisal was incorrect, however, we still squeezed out what we wanted in order to use it for another investment. I called him and explained to him my issues with the appraisal only to be told "What are you talking about? I did you a favor here. You bought the house for 185k, that was a good deal. You made over 125k on the house just by living in it! You've done better than most people". I then explained to him that he was wrong, we had spent a lot of money fixing it, and that he refused to take my documentation showing all the work done. He then began to dispute the work and said at the minimum my fence was "at least 25 years old, just like that car you had in your garage" so I'm "completely wrong" about **my own home**. The car he's talking about was an antique I had in the garage, which apparently he took note of in his mind. Dude seemed really salty about the whole ordeal to be honest, since he stepped foot in the home. I actually recorded the call and it's an interesting one to listen to. Anyways, he said I can file for a "reconsideration of appraisal" so he can re-evaluate and make changes, etc. I didn't trust him and we were whole on the deal anyways since we really only needed 50k so we opted to not deal with him and take what the bank offered. + +Fast forward to last month, we've been receiving a tremendous amount of traffic on our potential listing. We have "coming soon signs" on our property. We've entertained 2 cash offers whom had appraisals done. The appraisals came back at $455k and $460k - which is expected, this is a sort of "bring cash down" kind of area. The appraisal ordered also came in at $455k. In the meantime, we have another home where my wife's parents live, less than 3 blocks away, and since we've decided to use this home for the past 2 years to live in, my wife now wants to stay. Because she wants to stay, I want to borrow to upgrade vs just upgrading since our actual mortgage is so low. I'd rather a HELOC vs a cash out refi since it's a revolving line. + +Also, there are 3 recent sales that in the neighborhood that are complete rehabs, but are 1k sq/ft larger, that have sold for 750k, 843k, and 690k. If we didn't want to stay, at least it'd be a worth-while investment to take the HELOC, dump 100k more into it, and sell it for 3x the investment. Recently people have bought complete tear-downs (literally) on my street or a street or two south for 250-300k. It's the land that's valuable. Couple that with a nice home and you're in a great position. + +The point of this. Has anybody had a "randomly selected" appraiser from the bank come out and completely fuck up the valuation? If they did, how did you handle the situation? Do you have any tips for us? We're going to the bank tomorrow and applying for a refi on our HELOC and intent on providing the appraiser with all three appraisals we have in hand. + +&#x200B; + +tl;dr + bonus number breakdown + +**I just want to know if I go thru the HELOC process again, based on your experience, if providing 3 appraisals that suggest a certain value with have an impact on the appraisers opinion or if it's a complete waste of time.** + +Bought a home in 2014 for $185k.Rehabbed it, now it's worth $450k - at least we told the bank that based on research.Applied for HELOC, appraisal came back at $350k (dude was an asshole and ignorant as shit, obligatory long story read above).Accepted LOC because we didn't plan on staying.Listed home for sale for $500k - three appraisals came back at $455k-$460k (awesome and expected).Wife wants to stay now, so I want a larger HELOC for more upgrades (her parents live 3 street away \*eye roll\*). Will the three appraisals I have now help the "random appointed" appraiser justify value provided I hand them over? + +Thanks! +Trying to build out a tools sheet that I can use to learn how to better evaluate a property. I researched a couple sheets but just keep getting led to spammy websites. I'm primarily looking into multi-family opportunities. +We live by Austin TX and our house is way up in value but our interest rate is 3.5% so better to take a heloc to buy more rentals? + +What is the interest rate on a heloc? I need to learn more about this stuff. + + We have a rental that's paid for in Minnesota bringing in $2300 and one in North Dakota that's bringing in $650 but need more rental properties. + +There are a lot of small properties in small towns listed for $100k that bring in $800-$1000 a month. + +I'm a remodel contractor my wife has a corporate job she hates We want to replace her income with rentals in the next couple of years. She's trying to find a 100% remote job. So figured get a heloc before she quits. + +Anyway need some guidance. Thanks +I am new and I've been looking at properties in Texas to invest in (renting.) Suddenly, I see this link and after a bunch of articles, I started to search in Orlando. The prices are lower than the average in Texas and rent is higher! As a beginner I am not sure if I am missing something (taxes are higher in Florida?) + +Any advice, tips or guidelines are highly appreciated. +Hey everyone, this is my first tax season. I made 20k off my rentals but paid 10k in mortgages and i had a ton of misc expenses like maintenance, tools for the fixes, mortgage interest, office furniture. + +Am i going to pay taxes on the full 20k? Im sorta worried tbh. Also i have yet to find a tax person yet, not too sure if i need a special tax professional, but this is info ill take to the tax professional once i actually find someone in my area. + +Edit: i counted 22 people saying to talk to a tax professional in this post. Twenty fucking two people said the same thing, like 21 people before them didnt say it. 1) Thats pretty annoying. 2) i also mention above, in the original post, that im actively looking for one, maybe read before you repeat the same thing eight hundred times. . +Short backstory, I am a recent premed graduate and know nothing about real estate. Can someone explain CMBS investing and loans to me like I’m 10. What are some things I should study or learn before the interview. Thanks so much +Hey guys, + + +Wanting to give people an opportunity to share their cash flow per door. I'm really interested to see what people are achieving (especially on properties that have mortgages). Tell us about your outliers too, because it's fun to see the great deals and the terrible ones. +My husband and I own a duplex. We've had this property since 2018, and our tenants have been in one side since 2018. The 2nd side is currently empty, and we hadn't started fixing it up yet for another tenant due to time constraints with our jobs. + +I don't have all the details right now, as it literally just happened, but they had their SUV parked beside it in the driveway and it caught fire, then caught the duplex on fire. Thankfully, our tenants made it out safely and no one was injured! + +The roof was destroyed and it's most likely going to have to be gutted (both sides due to water, smoke and fire damage) + +Has anyone else had experience in something similar? We have insurance on the property, and they have renters insurance. I am sure they have insurance on their SUV, too. Just looking for advice as to how to proceed, as this is our first bad thing that's happened to this property. + +TL;DR, How do we proceed after a fire that was caused by our tenants vehicle? +[https://www.marketwatch.com/story/moderna-stock-surges-17-on-coronavirus-vaccine-trial-news-2020-07-14?mod=newsviewer\_click](https://www.marketwatch.com/story/moderna-stock-surges-17-on-coronavirus-vaccine-trial-news-2020-07-14?mod=newsviewer_click) + +I feel like everyone is overhyping $MRNA and feels like the feds are only really pushing only for $MRNA's success regarding the COVID-19 vax trials? Is this now a good time to sell or buy? I currently have 400 shares of $MRNA that I bought for $20 per share. + +Edit: Sold. Made profit of $24,000. Going to r/wallstreetbets now +Hello! Nice to meet you all :) I'm not sure if this is the right community to post this under or not, so if it's misplaced please let me know. + +I'm a pediatric PA-C at an independent clinic in Southern California. Things had already been tough for many of our patients due to COVID but everything seemed to get worse this past January. My supervising physician and I do whatever we can to help and support patients and their families. We also try to get to the root cause of something and not just fix the symptoms. + +Because of this, I was able to partner with a local food Bank so we have a clinic pantry. I also created a diaper bank. Due to gas being $6 a gallon or more in many places around, we are also going to see if we can do home visits. + +The diaper bank is going well, but the food bank is not. At first I thought it was because the need wasn't there, but recent conversations have shown that even when families admit it has been difficult to get food, they decline our offer of food. We've used different wording and made it very clear there's no shame but it's still declined. The last time a family took home a box, the mom and kids were ecstatic but we got an angry call from the dad the next day that they didn't need help. The hardest is when the kids say yes and the parents say no. + +I'm officially at a loss for what to do. I wanted to post signs in the rooms stating "If inflation has affected you....." But I'm not sure how to word it. We've already done the food banks screening suggestions plus we have our own paper ones. + +I'd appreciate any feedback. Thank you for your time! + +Edit: Thank you all so much for the ideas! You've been very helpful and I look forward to seeing how the program progresses! +39, married, 2 young kids, $5M NW. Have an employment contract so the process of actually being out will take a while, but I started it today. With some luck I’m RE by end of year. Was hard because I helped build the company (and 80% of my NW came from it), but it’s time. Felt like a weight off my shoulders to have started the process. +**TL:DR** + +If you have MetaMask on an iPhone or Mac, then you're likely also using iCloud backup. MetaMask backup your Valut containing your seed by default, so turn that off from Settings\\Profile\\iCloud\\Manage Storage! + +&#x200B; + +**Summary** + +I have been following this developing story on Twitter about a user that lost $650K yesterday due to the following phishing method with others coming forward claiming that the same has also happened to them. + +**Background** + +When you create a wallet using MetaMask on an iPhone, the app will create a JSON containing your wallet, this is stored on your device. Most users use iCloud to automatically backup their phone and app data, but unbeknown to many users, MetaMask include this file as part of the backup. From a google search, this isn't new, it was discovered in 2019, but MetaMask have today acknowledged (addressed) it [HERE](https://nitter.net/MetaMask) after a number of users were targeted resulting in lost funds. + +&#x200B; + +[MetaMask iCloud Backup](https://preview.redd.it/zwx26nnww4u81.png?width=744&format=png&auto=webp&s=46e5360122bdbed0ef700bee43cab95cbfc5ec25) + +**Phishing Method** + +For the user that lost $650K, it appears to be a very sophisticated attack. They fell victim as follows... + +The malicious attacker requested several password resets against their AppleID/iCloud generating several emails to their account. From there, they using a spoofed caller id to call the victim and claimed that they were from Apple and calling about suspicious activity on their account. They asked them to generate their MFA one time pass to confirm that they were the account owner. The hacker used this to reset the password and take control of the Apple account. From there, they were able to restore from a backup and drain the wallet of all funds. + +**More reading / source** + +[HERE](https://twitter.com/Serpent/status/1515545806857990149) +So my grandparents gave my brother and I each a cheque for $25,000. I am still in shock as I have never received such a large amount of money all at once before. This is not my inheritance, but rather a gift from them. I am 31, live in Canada and this is my financial situation right now: + +- $8700 in credit card debt. Only one credit card. +- Student loans paid off +- Car paid off +- $62k a year job, which is stable and secure +- $925 a month in rent +- $175 a month for car insurance. $120 a month for my phone. $80 a month for internet, $50-70 a month for utilities (only power). +- No direct savings. I have a pension through my work, which currently has around $65k in it. 10% of my paycheck goes towards it and that 10% is matched 100% by my job. + +My number one goal, obviously, is to immediately eliminate my credit card debt, which was the number one stress in my life. I have paid it down from about 13k but honestly just stagnated around 8k and had difficulty paying it off. I unfortunately got into an accident without insurance (stupid, stupid mistake) which got me into that situation. + +I also have about $1500 worth of repairs that need to be made on my vehicle (mostly maintenance such as a wheel re-alignment, crooked bumper and scratches/dents). Besides that, I have nothing else I really need to spend it on right now, so wondering how I can maximize the remaining 15-14k. +How the hell do you deal with debt, trying to work, going to school, and depression all at the same time? + +I'm working part time right now, and was considering getting another part time job, even applied for a few with no response back. But at the same time I get stressed trying to juggle two schedules, and working a lot while dealing with my depression. I have good days and I have bad days, obviously. Been getting better since my meds are working again, which is great. + +But I don't have the energy to take on more work, even though I need the money. I DO make jewelry and sell them on Etsy, on occasion. I'm working on an updated style, and have to get around to photographing and listing them, which is hard when you have no energy! + +My debt is not terrible, probably about $3k total, but a large chunk of that is to my mother who is also in debt. I live with her and my brother who is only now getting disability or unemployment, I forget which one, but it isn't much. + +I try to help her get out of debt, and I have been able to make a few lasting changes, but nothing major so far. I hate living in poverty, I hate being back to this point. + +I just...don't know how to deal with the overwhelming stress. And I'll be cutting back my hours at work this fall, provided I get into the program I applied for at a local college. + +And I wish I could say that I was in my early 20's, but I'm mid-30's and moved back to Canada from the US, where I was married and living for 8 years. Came back with very little, and it's very frustrating! + +Oh, and if you can't tell from my disjointed writing style, I have ADHD and so far I'm not finding medication that helps with it -_- so focus is hard to find. + +Anyway, thanks for letting me vent, and any tips you can throw my way. +Previous crypto bull runs have still have relatively small audiences paying attention to their successes, with a fairly niche group of people - generally younger and more willing to accept new technology - leading the way in crypto acceptance. + +However, 2021’s run saw crypto blow onto the main stage, with institutional investors getting on board from some of the world’s most prominent companies, all the way to inviting an entirely new wave of users (myself one of them). + +Through the last bull run, we saw innovation in the space explode and it’s now easier than ever to purchase crypto. Even my own mother has some, and she’s pretty damn old! An app local to my country allows her to purchase major cryptos, and even gold/silver as hedges too. Very forward thinking, very new, very exciting! + +My point is, the market audience for crypto and the amount of people now aware of its potential is greater than ever. In the past, it’s been a particular kind of person to invest in crypto. + +Now, it could be grandparents, institutions, businesses, families, west, east, you name it. The exposure is there, and the ability to purchase is easier than ever seen. All of these people have seen what crypto is capable of, and no one will want to miss out next time. + +Don’t let this hopium injection get you too riled up though. The economic state of the world isn’t too flash hot at the moment, another bull run isn’t quite ready to explode for a time (in my opinion anyway). However, when it does I think it will be *massive*. + +No one ever made money when the market pumps, the real wealth is made in times such as these. +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! + +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! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +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'm going to sound heartless...but...here goes. + +Does anyone use tragedies in their investment strategy. + +When natural disasters (or man made) disasters strike a large economy the stocks of that country or countries often tank. When Japan got smashed by that tsunami I was sitting around and I watched as Japan's stock market got pummeled for days on end. + +Assholishness aside it would have been a good time to nab good stocks on the cheap. + +I'm preparing to be downvoted into oblivion.....but I was curious if things like this weigh in on anyone's strategy. + + + +I am now making more from passive income from my stocks than from my salary, and am considering quitting and moving country. (currently live in the UK). Which places are nice to live and have very low capital gains taxes? I am considering Monaco for one place. What else should I consider? +Some may fear that a government-issued crypto will kill BTC. This is nonsense. It simply replaces wire transfer of a fiat with a blockchain. It does not allow for a truly free exchange of value between any two random places in the globe without a meddling intermediary. A government issued crypto will have all the festering deficiencies of a fiat. It will only waste energy thanks to the endless inflation and regulation. +I'm in Halifax, so my thought here is colored by a non-Toronto market. + +Our housing prices are expected to rise 4% in 2020. +Lets say you bought a condo that was 170K with an association fee of 330, which is an actual listing I see. + +330*12 months * a 20 year term = $79,200 + +79,200/170,000 = 46% of your initial value was paid in fees, annualized over 20 years that's 2.3% a year of your mortgage, making your 4% gain a mere 1.7% over 20 years, which is pretty poor as asset classes go (of course, it's an asset you can live in, which is understandably different), and that's before applicable taxes which I would figure leach it down pretty close to nill or worse. + +I think I did that right enough for rock and roll, is my napkin math here off? +I don't want to discuss circumstances, and yes I will be trying to meet with a lawyer ASAP, but I wanted to get a sense of what options there are to transfer money in this regard? Just so I can start thinking about it given I don't have a lot of time left to act. + +I have a 13 yr old little brother who I would want to have my money for college purposes only. I thought a 529 would be good but it looks like that's not the case b/c if you die you need to designate a successor and I would not want that to be my parents because they'll steal the money. + + + +I also would want to try to minimize his tax burden / "apparent income" b/c my family is broke as shit and I want him to be able to afford college so I don't want this to be something that ruins his financial aid. I'm talking that I have about $7~10k right now (depending on how long I am around, it will be at the higher end), that I soon won't be needing anymore and I feel bad that I won't be around anymore to help him :( + +tl;dr best options for leaving money for sibling to attend college? +This is our current estimate sheet. Honestly, nothing seems that expensive individually but combined it's just more than I want to spend. The money could definitely be put to other things, you know? I expected $15-$20K at the high end since we just wanted a brewery that has an event space. I think a big part of it is that my family is huge so with both of our families and about 12-15-20 friends each with a plus one, we're at 83 people including a few kids. + +We intentionally overestimated on most things here just so we knew the top dollar amount, but still just more than I expected overall. + +&#x200B; + +|Brewery 10 Hour Time Block (6 hours for $6K) |$8,000|| +|:-|:-|:-| +|Two Bartenders|$300|| +|Beverages|$5,500|| +|Appetizers|$954.50|| +|Entree|$4,565|| +|Dessert|$360|| +|Flowers|$2000|| +|Cake/Cupcakes|$500|| +|Save the Date Cards|$150|| +|Invitations|$150|| +|RSVPs|$150|| +|Thank You Cards|$150|| +|Decorations|$1,000|| +|DJ |$1,700|| +|Hair & Makeup|$1,000|| +|Photographer|$3,000|| + +Total: $29.479.50 + +Edit: + +Thank you to everyone. A lot of the things we saw here we already knew but seeing people actually saying them to us really helped. We've found some "micro wedding" venues, cut the guest list down to immediately family and a few friends, and we've got it down to about $12K. +Hi all, + +I’m getting ready to buy a new build and pretty much planned my finances around the market value of the property including deposit and future monthly payments. When I spoke to the representative at the viewing, it turned out they had suddenly raised the price by £15k. With wfh and the recent demand for property in UK I thought that was normal but then she said with there being four more plots available and the demand going up, they will raise the price a further £15k, with the potential to take it up £60k. + +Her explanation was that due to demand AND that the plots were part of a second phase development, (apparently they get more expensive as they move through phases) then they have complete discretion on how much they sell it for without a cap on the price. + +Numbers? + +List Price - £248k +Now - £263k +Soon - £280k+ +Potential - £300k+ + +For anyone who has experience buying new builds, is that common at all?. Having planned out everything for hopefully a purchase next month it just kind of seems harsh that I could be overpaying for the property which isn’t even in the best area in my city. Makes me think I should hold out for a forever home in a better area. The developer is Countryside Properties. +Long time BTC holder here. Considering moving more towards ETH (have some already, but most hodlings in BTC). + +What are other's perspectives on whether ETH is in a bubble right now? Come on. 20x gains in 3 months? How isn't that a bubble (of sorts?) even if you're long on ETH over the next 3-5 years (I am). + +My knowledge of BTC's price history goes something like this: huge boom, retrace 50% (approx.), then continue up. Is it similar in ETH? Shoul I wait for a drop to ~ $125 and then buy ETH, or go all in now? + +Thoughts? +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! + +In a little more than 24 hours, Civil (an ERC20 ETH token) has only been able to raise $120k. This seems crazy low to me. With a soft cap of $8MM and a hard cap of $24MM, they are a long way away from meeting their goals in the next two weeks. Backed by Consensys, I'm surprised this ICO isn't doing better. + +The big question is - WHY? + +Did all of the stringent requirements scare away investors, or is this the new face of ICO's? + +[https://tokenfoundry.com/projects/civil](https://tokenfoundry.com/projects/civil) +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! + +Not sure if this has been posted before, or if people already do it as common knowledge, but my girlfriend mentioned something like this as a passing comment the other day and it seemed worth sharing. + +Richer folks will have nicer stuff, and they will get rid of stuff sooner than low-middle income folks. By frequenting the thrift shops on the richer side of town, you gain access to newer and higher quality items but at thrift store prices. +I've never learnt how to properly manage my food expenses :( + +20%-30% of my income goes to food.. what a waste. + +For groceries.. i try not to impulse buy but sometimes i can't help it. And since I'm living on my own, It's hard to buy just little bit of stuffs.. (I live in Canada so groceries is pretty expensive in general) + +Like if i cook... i spend like $50 at least just to cook food that will last me 2 meals. + +I also dine out a lot with friends for night out.. + +How can I change my habit and manage my food expense better? Please help...... 😞 Thanks + + +Edit: I didn't know my post would blew up like this! Thanks for replying everyone. I was just really frustrated yesterday before i went to bed. +Thought i would add some more details. +I never plan what to buy for groceries, and I do groceries whenever I am craving something, or when I feel like I don't have nothing to eat at home(Funny cuz I spend so much money but I always feel like there's nothing to eat in my fridge). +Meal prep idea sounds promising, but is the idea to cook everything on the weekend and freeze them all? Is there any good Tupperware that you guys would recommend for freezing meal preps? +Thanks again! I haven't been able to check all the comments yet 🙏 +Long term investor speaking. + +5 years ago in a famous today TED Talk he predicted that we will suffer a world-wide pandemic. Right now he sits while smiling at camera and telling the broad audience that in the next 10 years we will suffer an enviromental crisis. My question is how are you buckling up for that? + +Tech stocks are one thing, large companies like Apple are trying to reduce their carbon footprint, TESLA is another good stake future wise. + +Do we invest into biotech, solar tech or companies like impossible meat? I don't want to sit with my hand in the toilet becase I bought OIL stocks instead of that one small company that tried to turn leafs into drinkable water. + +Cheers +Listening to NPR's Planet Money, they seem to have a thesis that prices are high because everything is stuck on a boat. My local gravel quarry has raised their price for a load of gravel, a commodity I need for my rural driveway, from $280 to $300, and November 1 it goes up another 10%. As I told the delivery driver yesterday, "I'm pretty sure none of that gravel is stuck on a boat somewhere." My local utility, Ameren, is asking the public utility commission for an 11% raise in rates. I'm pretty sure none of that electricity is stuck on a boat somewhere. Social Security has pegged CPI inflation at 6%, but apparently the CPI doesn't buy wire, lumber, copper pipe, steel tubing, nails, paint, furnaces, or anything else you use to fix a house, all of that stuff is through the roof. + +It seems we are entering a period of inflation, whether short or long term remains to be seen. What are some wise financial behaviors in a period of inflation? Should you pay off a mortgage or pay it later? Make large purchases or put them off? What kinds of investments do well in inflationary periods? How should someone on a fixed income behave financially? What industries tend to thrive, or suffer? +Somewhat understandably, many who are not FatFIRE or not clearly on the path to FatFIRE do not understand that it is extremely helpful to have this subreddit available to come ask questions and/or just communicate in general with people who are similarly positioned in life because we simply do not have other social avenues where we can talk openly about our financial situations. I think there is this illusion (on the part of some) that folks above a certain NW and/or income spend a lot of time in "elite" social circles rubbing shoulders with other high income / high NW individuals. This is simply not the case for a lot of us, and it can feel isolating to not have a place to talk openly about the topics that are brought up within this sub with regularity. + +I think the above is particularly true for those of us in low-medium cost of living areas. High income earners in HCOL areas (the oft referenced tech workers in silicon valley, for example) likely interact (or at least have the opportunity to interact) with others in similar financial positions with some frequency. Conversely, those of us in LCOL or MCOL areas who have had the good fortune of achieving FatFIRE or being on a clear path to FatFIRE do not have a large sample size of local folks in our tax bracket or at our NW with whom we can interact in person. I, like many who post and/or lurk within this sub, do not and will not talk to my friends who live and work in my solidly middle class town about the particulars of my finances - it would be extremely off-putting and awkward. CPAs, bankers and advisors are great, but it's also nice to have a space to spitball and ask / read responses to off the wall questions. + +Also, quite a few other posters and commenters have hit the proverbial nail on the head regarding why many posting within this sub choose to not post personal details in order to corroborate information within their posts. Like many others in lower population areas, I would be easy to identify if I posted my occupation, location, etc. The anonymity of Reddit makes this forum an ideal place to mingle, and the moderators on this sub do a really good job keeping the BS posts to a minimum - so thanks, guys/gals! + +Certainly there are BS posts that make it through the filters, but I get the feeling that the majority of the posts and, particularly, the comments on this sub are genuine. +Thinking about a FAT FIRE scenario. I've been off for the last year and REALLY enjoyed it. I'm thinking about either going back to just do one job or not going back at all. Here's some background on my situation. I'd love any advice about the scenarios and assumptions and a check on whether I'm crazy or not. + +**background** + +39 yrs old, company executive, have had a good career so far. When working I'm making 300-400k in base salary and overall have been making \~1 - 1.25m annually the last 5+ years. I believe I can make that much again if I go back to work - the problem is the big payout only happens at the end of a job (every few years lately) so I can't just work 1 more year to pad my savings, i have to do it by the job, which means 2 - 5 years. + +**Assets / Debt / non work income** + +* $4+m total net worth, $3m is invested in stocks, funds, real estate and retirement (ira/401k). Split amongst these is probably equal. Non invested funds include a primary and secondary home and emergency fund held in cash +* No consumer debt. I have mortgages on 2 of 3 investment properties (\~30-40% of their values) and on my primary residence (30% of its value). I have several vehicles all paid for (I amortize the periodic purchases in my budget) and a bunch of equipment / recreational vehicles all paid for +* Passive income other than growth on investments consists of 30 - 40k annual from real estate (rents), interest (< $1,0000) and dividends (they get re-invested) + +**Expenses** + +* This years budget is for \~220k of expenses. The biggest line items are: Primary & secondary house costs (mortg, tax, staff, util): 88k, childcare/school: 33k, Healthcare: 30k with the rest being food, consumer purchases, vehicles and recreation. In 2 years the childcare expense goes to $0 (kids enter public school). If I get a job healthcare goes to < $1,000 per year and either way after this year it goes down by about 1/2 (I have an expensive cobra plan right now). +* Kids college is paid for (each child has a fund setup when they were born that is projected to cover all college expenses) +* I expect my expenses to decrease as I get over 60 (kids out of the house, recreation probably less intense) +* Expenses are based on actuals from 2018. I did go way over budget in 2018, so the number I'm using here is a more reasonable budget number, but should have all the categories I spent on in '18. Are there any surprise costs I'll have after not working a few years I'm missing? + +&#x200B; + +**FIRE Scenarios** + +* First a little bit of background. I'm in an industry that moves fast, so I have maximum earning potential now. If I stay out of it for a few years its doubtful I'll be able to jump back into it and have the earning potential I have now. So whatever strategy i use I don't really have the option of "going back to work" in 10 years or at least not with the same efficiency as I can now. +* Scenario 1: I retire right now. If I assume a **7.5%** APY on investments adjusted for inflation and a 3% inflation and a 40 year retirement period this seems doable, especially knowing my expenses will probably be closer to 200k annually. Does the APY number sound crazy? I looked at a bunch of stock market data and it appears it would be at or above market when adjusted for inflation anytime since 1960 or so. My personal returns have been far higher (mostly due to a few lucky stock picks and real estate) +* Scenario 2: I retire after my next job and add 2 - 4m more to invested assets. This puts me closer to a safe withdrawal rate of 4% on invested assets, so my kids get a nice inheritance and/or I have plenty of capital should I want or need it later in life. +* Scenario 3: Hybrid - Work part time as a board member / advisor or other type of work for companies. I feel like I'll work harder for a few days a week, but could generate income of maybe 100 - 200k depending on the specific opportunities. I don't love this because I'm working directly as a consultant so only paid for my time VS the leverage effect of equity or passive income. If we have a real estate crash I might consider investing in a big way in order to create passive income (I've been getting something like 8 - 10% cash on cash returns per year for $ invested in real estate... but its not easy). + +Thoughts? Am I nuts? +I still see posts today saying they’re going to immediately quit once shit hits the fan. + +DON’T DO IT IMMEDIATELY. + +First of all, is the money in your account yet? No. Have you consulted a legal team and accountants on what to do with your wealth? No. Are you making passive income off of your new found wealth? No. + +Also consider the people who are going to see you quit soon after the MOASS. “Oh did you hear joe quit?” “Odd, he just got promoted...” and then they could put the pieces together and figure out you probably got rich as fuck from GME since it WILL be everywhere when it moons. Just make sure not to paint any obvious targets on yourself. + +Honestly, you could consider working a little longer at least until things die down then exit your job. ***But I know everyone’s situations are different. If you think quitting immediately is better then go for it but weigh out the immediate pros and cons first!*** + +This is not financial advice. I am not a financial advisor. + +**EDIT: It seems some people are taking this the wrong way. At the end of the day, it's an opinion. I am merely just looking out for the community. All of your situations are unique and different. Choose what is the best route for yourself. You know yourself best.** + +**EDIT2: I'm simply just saying weigh out all the pros and cons of quitting immediately. Set yourself up first with passive income. And make sure you exit quietly so you don't have any targets on your back. I am not sure why some of you are taking this so personally. If your situation is unique like I stated several times, then all power to you and I just want to see my apes be happy and safe. When I say "keep yourself humbled" I'm saying don't let the crazy amounts of wealth blind your best interests for yourself long term. But I'll replace that phrase with something that comes off more friendly. JUST BE CAREFUL!** + +**EDIT3: If you're happy with your job then you're chilling. This post is mostly directed towards the people planning to immediately quit their jobs once the MOASS commences.** + +**EDIT4: Thank you** [**dizshbLd**](https://www.reddit.com/user/dizshbLd/) **for posting this. Please read the top comment for this too!** [**https://www.reddit.com/r/AskReddit/comments/24vzgl/you\_just\_won\_a\_656\_million\_dollar\_lottery\_what\_do/chba5nw/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3**](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba5nw/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +Hello reddit. + +For context, I am a software developer full time at a company in central London. For a bit of a hobby and to build my portfolio (I am early in my career, less than 2 years) I develop apps for android on the commute and pay a couple of friends to translate my apps into their native tongues (Currently into Mandarin and Hindi). + + +Recently one of my apps (which I'll keep anonymous) has really taken off in India, and I have ~ 1.3million active downloads. I don't know what has caused this increase all of a sudden, however I welcome it none the less. Because of this popularity I am currently earning some substantial income from ads and in-app purchases (In the last 4 weeks I have made currently £4900). Although I expect this to dip as the bubble will likely burst. + +My main concerns right now are: + +What are my next steps? I understand that I will have to declare this income to HMRC and pay the tax on it, but do I have to inform my current employer? or will HMRC handle that when it comes to taxes? as the extra income will push me into the higher tax bracket this year. + + +I've also made roughly £2500 on Ebay in the last 3 months by running a small side hustle, which I haven't declared. + +Any advice would be great. + +Thanks for your time. +We are still in the beginning phases boys. There will be billions of dollars pumped into this over the coming decades. Most people still don't even realize or even care about this stuff yet. + +Everyone is saying it can't be done. Everyone laughed at Mr. Lamborghini when you decided to go from making tractors to Super Cars, now look at what he has built. + +20 years ago people were freaking about "texting" from their $400 flip phones. Now look how fast time have changed. You can make HD video calls with 100 people in 100 different countries, at the same time. + +Only 3 million members here, and probably half of them aren't even active. We are so early boys it doesn't even feel real. +Hey guys, +I’ve suffered a 90% reduction in income due to corona. +I’ve contacted my landlord and asked for relief - he offered me a 50% deferring of the rent until I get back to regular hours, after which I will need to payback the sum in the form of 150$ added weekly to my rent until covering his “loss”. + +I don’t believe accumulating debt in such times is a wise thing - not to mention that adding 150$ to my rent would be far outside of my budget as is, even if I was still fully employed. + +I’m contemplating breaking the lease - though I’m on a fixed term lease (12 month lease, of which I’ve done 6 months). + +Are there any legal reliefs for breaking a lease now? Would I still be required to pay the 4 week breaking penalty? + +Other than that, any advice on what I can do? As I can’t continue to pay rent as usual at the moment, and I don’t want to incur debt. + +Any help would be appreciated! + +Thanks +Basically, I've signed a contract for a house and just got a building and pest done (8 Days left on condition). There were a few minor issues that were noted and now I plan to negotiate to get the problems fixed or to lower the final price. The real estate agent said at the end of the call, that he will see if the vendor wants to negotiate or put the home back on the market. Can the vendor deny negotiations and go back onto the market ? + +Edit: what I'm asking is, if the vendor doesn't want to negotiate, do I still get the option to take the original price the deal was for? Or can the vendor say stuff you and back out without giving me an option to take the original offer? + +QLD +About 4 years ago I wrote [this post](https://old.reddit.com/r/financialindependence/comments/5xe7vj/10_years_from_disability_to_half_a_million/). If you ever needed evidence of the power of compounding, it took a decade to get to 500k, and **only** 4 years to get the next 500k and a paid off condo, which is insane when you consider that I’ve held a 50/50 stocks/bonds AA most of that time. Increased comp has done some of that work, but I’m still in the south east. We’re not talking Bay Area pay :\^). + +I started out on SSI and food stamps. If not for my degree, I’d still be there today. That shapes you. The biggest thing I wanted from FI was a sense of financial security. By any measure, I’ve achieved it, but 2020 taught me I was not *entirely* rational. Remember the food shortages at the start of the pandemic? Remember how staples were out of stock? That was enough to make me completely regress back to ‘poverty mode’ for a while. You know what was funny? I had a stable job and I made more from comp and stock trades than I ever had in my entire life, yet I found myself cooking and eating like I was surviving on $90 a month food budget again. I didn’t snap out of it until I found myself inventorying pounds of dried beans in my pantry. Absolutely strange. + +I’m beyond FI for myself, but my ultimate goal is to be able to comfortably support a family at the median household income. My RE target is somewhere around 2M. I’d guess I’ll hit that in my mid 40s. Between now and then, I’ve intended to purposefully my lifestyle in line with what my portfolio can support at 3%. The thing is? I’m finding it awfully hard to spend my ‘fun budget’. Some of that has been down to the pandemic (and a good chunk has gone to charity), but some of it is me holding every purchase to a ‘is this *really* worth it’ analysis that helped me survive back in the day. It’s a good problem to have I guess, and there aren’t any budget police ready to swoop down from black helicopters if I *don’t* spend it, but I hope it gets easier for me to find balance. + +I’m in my late 30’s and I’ll probably retire by my mid 40’s. That leaves me 5-10 years left to really sort out all the non-financial aspects that I’ve neglected. Stuff like health, hobbies, friends and dating. If the pandemic taught me anything, I really have to put in the effort to get this squared away. My retirement experience will be a dreary grey experience otherwise. Hitting FI has evaporated so much of my work stress and worry that I can finally focus on what’s important. I don’t know how the next decade will turn out, but I think I’ll be a better, more rounded person at the end of it. If I can do this, I think just about anyone can. Good luck and god speed. +I'm talking about services like this: https://www.youtube.com/watch?v=Scl6x-JwzHc + +Where a tanker truck comes to a high-density area like an office or apartment parking lot and fills cars while customers are working, resting, shopping, etc. + +Delivery from the fuel terminal to the station is already priced into retail gasoline. If you're in a big city and able to fill the tanker at bulk rates directly at the fuel terminal and deliver fuel directly to the cars, the transport costs aren't going to be that much higher than the conventional model. And with no physical station, you're removing the cost of rent and/or opportunity cost of owning the land (which can be huge in a big city). + +And as we've seen with services like postmates and ubereats, people really are lazy enough to pay substantially more in order to save a few minutes. + +I've been researching providers, but I've found nothing that is publicly traded and/or open to private investors. Anyone have any ideas on how to (passively) invest in this business model? +So a lot of pundits have gone on about the TSX being the worst-performing develop market and I'm starting to think they're right. Here are the TSX TOTAL RETURNS for the last few years. + +2015: -8.32% +2016:+21.08% +2017:+9.10% +2018 (YTD): -2.69% + +This is pretty sad, and a huge divergence from US markets since the Trump election. Without dividends, returns have been basically zero since the 2008 peak. It seems like the only companies creating consistent value have been the oligopolies (Banks, Telecoms, Railroads) and a very few growth stars (DOL, CSU, weedstocks). + +My question is what is your strategy for Canadian equities moving forward and whether you have any general thoughts about our market as a whole. + +EDIT: YTD performance is up to last Friday, so I'm not even including the drops for the last two days. +Life has been so much better since I started using NBDB and Disnat. The $0 fee to buy/sell equities has been one of the best gift I have received recently. I can buy even small quantities and DCA every other day if I want and have the cash. + +The worst part is that I am finding it impossible to pull the trigger in TD Web/BMO/RBC DI?. Can't justify paying $10 if I want to buy 5 stocks of [BNS.to](https://BNS.to), or a single share of VOO or 10 shares of Jepi. The market being down close to 25%, now seems like a good time to invest but I just cant get over the $10 fee. And I am in no mood to buy more quantity to bring down transaction cost per share simply because good stocks are still very expensive. I am least interested in counting trades per month to get so called active trader status. Been there, done that. + +Hence the question - is there any benefit in keep using expensive brokerages like TD Web/BMO/RBC DI? What are you guys doing? +Whenever possible, I usually drive a bit further to get gassed up at my local petro Canada station since I have small stake in Suncor. Does anybody else do the same? +[https://www.td.com/ca/en/asset-management/funds/solutions/etfs/FundCard/TD%20One-Click%20Aggressive%20ETF%20Portfolio/?fundId=7151](https://www.td.com/ca/en/asset-management/funds/solutions/etfs/FundCard/TD%20One-Click%20Aggressive%20ETF%20Portfolio/?fundId=7151) + +When it launched, I was expecting them to copy VGRO, but they went with something different and it seems more "managed" than the others. Do you guys think this is a good alternative? +Hi there, + +I started investing 4 years ago with very limited knowledge. My basic plan was to pick companies I thought would be around and flourish over the long term (15-25 years). +4 years in and I’m basically sitting at even. + +So my question is where can a person turn for resources in general investing advice like: +Company performance / analysis +Charting +Basic understanding of interpreting data + +I’ve looked at the CSC for investors, it seems promising, but has a $500 price tag (I’m willing to pay) just wondering if there is any other options out there. + +Thanks for any and all advice! +Horrible customer experience with Scotia Bank iTrade. + +Anyone else having a tough time getting any response at all from iTrade customer support at Scotia Bank? + +So far Calling them results in 1 hour wait times resulting in me hanging up in frustration. + +Two emails so far, and 5 days later, no response at all, which is highly unacceptable. + +has anyone considered moving their stocks from this account to wealth simple? I also have stocks with Wealth Simple, and so far their customer support has responded in a timely manner. + +All I am asking is if they participate in the share lending program ,and if they do I want to opt out since I want to participate in voting at the share holders meeting. + +Anyone has had better luck than me? I will try calling 1st thing in the morning on a day that I am not working. + +/End of Rant +Horrible customer experience with Scotia Bank iTrade. + +Anyone else having a tough time getting any response at all from iTrade customer support at Scotia Bank? + +So far Calling them results in 1 hour wait times resulting in me hanging up in frustration. + +Two emails so far, and 5 days later, no response at all, which is highly unacceptable. + +has anyone considered moving their stocks from this account to wealth simple? I also have stocks with Wealth Simple, and so far their customer support has responded in a timely manner. + +All I am asking is if they participate in the share lending program ,and if they do I want to opt out since I want to participate in voting at the share holders meeting. + +Anyone has had better luck than me? I will try calling 1st thing in the morning on a day that I am not working. + +/End of Rant +Hey guys, + +I'm looking for "outside the box" dividend stocks that pay 3-4%. + +What I mean by outside the box is not your typical TD, ENB, etc... + +For instance. I have CWB, GWO, NTR, AQN... + +Trying to find some more like this. + +Thanks in advance +The California Public Employees Retirement System, are like us, loaded up on tech stocks unhedged in their pension fund, knowing they could very well fall drastically… +Looks like the expected increase in the minimum pension age from 55 to 57 is going ahead with legislation coming soon. + +This will have implications for those wanting to retire early. If you planned to start living off of your SIPP from 55 you might want to consider having more in your ISA as a bridge (or retire later). + +It changes my plans/thinking a bit as further increases are possible. + +“The government will legislate in the Finance Bill to increase the normal minimum pension age from 55 to 57 on 6 April 2028” + +Link to gov publication [gov.uk link](https://www.gov.uk/government/consultations/increasing-the-normal-minimum-pension-age-consultation-on-implementation) +Looks like the expected increase in the minimum pension age from 55 to 57 is going ahead with legislation coming soon. + +This will have implications for those wanting to retire early. If you planned to start living off of your SIPP from 55 you might want to consider having more in your ISA as a bridge (or retire later). + +It changes my plans/thinking a bit as further increases are possible. + +“The government will legislate in the Finance Bill to increase the normal minimum pension age from 55 to 57 on 6 April 2028” + +Link to gov publication [gov.uk link](https://www.gov.uk/government/consultations/increasing-the-normal-minimum-pension-age-consultation-on-implementation) +# + +[CEO CRUSHING SHORTS - btw CLF is primarily a steel company now](https://preview.redd.it/qdv8nktay7471.jpg?width=1300&format=pjpg&auto=webp&s=918c252fdfa958a55da91548eef98dfb0d945d42) + +# So, you earned money with AMC, BB, CLOV, WISH? What next? + +# I tell you what a stock that is + +1. shorted +2. undervalued +3. primed for a run +4. solid profitable company +5. CEO WANTS TO FUCK SHORTS + +🚀 🚀 🚀 🚀 + +reddit whales also buying in, for example: + +[whales position at the moment, strong at 117k shares of CLF](https://preview.redd.it/q5zat83st7471.jpg?width=1242&format=pjpg&auto=webp&s=f6b43237c26a6f387a14880c4dc80d98a9c04a9f) + +🚀 🚀 🚀 🚀 + +# Why? + +$CLF AKA Cleveland Cliffs is one of the **largest producers of steel in america.** + +Have you tried building a house? Getting gym gear? Did you try to get a huge infrastructure plan going for the US which includes streets, bridges, buildings and what not all built with steel? anything to do with steel **GOT FUCKING EXPENSIVE.** + +**Because Steel is in huge demand, because now that covid is falling back, people want to buy stuff, build stuff and all needs steel. Steel prices went to the moon! THEY FUCKING TRIPLED!** + +🌏 🚀 🌕 + +&#x200B; + +[In a matter of months prices for steel TRIPLED](https://preview.redd.it/bir35uvtt7471.jpg?width=653&format=pjpg&auto=webp&s=aecc3e0e75d8551b90c57135f81c186c0ecc152b) + +&#x200B; + +# WHY $CLF? + +# Because $CLF is a big fucking steel producer, profitable, undervalued as fuck, forecast EBIDTA of $5.6B at a share price of 20$! RIGHT NOW $CLF should be worth at LEAST 35$, and that's not even counting in that HRC prices are over 1600$ + +🚀 + +# SHORTS TRYING TO BEAT DOWN $CLF! 🚀 + +# Look at the chart: + +**Price of steel increases over 50% in the same time, but CLF just trades 2$ higher than it did nearly 6 months ago? HOW is that possible?!** + +&#x200B; + +[2$ in nearly 6 months while the product increases over 50&#37; in price in the same time?!](https://preview.redd.it/uztdva1yt7471.jpg?width=640&format=pjpg&auto=webp&s=c97042edaaa86ab560ecb5b3df38357913928cd5) + +&#x200B; + +How do you explain, that a company that is this big, produces steel for whole america and where the **product price was raised by 50% and PEOPLE ARE STILL GRABBING IT LIKE ITS BLACK FRIDAY**. + +&#x200B; + +Waiting times on steel orders for big companies are as **over 3 MONTHS** and more with the buyers paying any price the company wants. **That means with the same steel output the company now EARNS 50% MORE per ton of steel than it did in january!** + +But the share price only rose 2$ since january, just about 10%? Do you see the problem?? CLF should AT LEAST be trading at 50% more than in january, but obviously, because a company has basic costs (running a furnace, personnel et cetera) - but at some point, with EVERY DOLLAR MORE THE PRODUCT COSTS, THE COMPANY WILL EARN DIRECTLY. + +🚀 🚀 🚀 🚀 + +Let's say producing a ton of steel costs 500$ in total. If the price of a ton goes to 750, to company makes 250$ profit. If the price goes to 1000$, the company instantly **doubles** it profit, with the steel price just increasing by 50%. Now if the steel price goes to 1500!, the company could make 1000$ profit. **Price doubled from 750$ per tonne, but PROFIT QUADRUPLED!** + +Obviously there's a bit more to that, but that's the gist. + +# WHY CLF - A CHAD CEO 🚀 🚀 : + +# CEO LOURENCO GONCALVES is a fucking stud. HE knows the analysts are wrong and he KNOWS that people are shorting his company. And he WANTS TO FUCKING FUCK EM. + +google CLF earnings call transcript + +Read what he tells to journalists and analysts: + +"**And then you say, well, Lourenco, the clients are complaining that they are not receiving steel. Yes**\[...\]. So they are basically collecting what they pointed for and we are taking good care of some of them, **some others we are not taking care** because I don't believe that they don't, they really even belong." + +**THEY JUST FUCKING DONT CARE about people complaining the prices are too high.** + +"**Because we don't need all of this "opportunistic" players in the marketplace. They just destroy, complicate, gossip, talk on the phone, send fake information, do everything that we only done in the marketplace.** \[...\]. **So that's what we were working for. We are doing our mandate. We are doing our job. We are working on behalf of the shareholders of the company.** + +I won't bore you with a ton of numbers that shows that **CLF is profitable** as FUCK, **undervalued** AS FUCK, have a ton of **CASH** and **shorts fucking with them** all the time. Look at the chart and tell me there is no reason with INSANE steel prices the **stock trades at JANUARY levels.** + +🚀 🚀 🚀 🚀 🚀 + +# TLDR: 🚀 + +# $CLF is an american company that makes BANK, earns tons of money because steel prices went through the roof and are still trading at levels they were in january, but the product costs 50% more than it did in january. Their CEO is HELLBENT on crushing shortsellers and bad analysts. + +# Fair price of $CLF should be at least 35$-40$. + +Positions: tons of german call warrants, a load of July 20c calls, Oct 22c calls. About to add more. Obviously no financial advice, I just like the stock. + +&#x200B; + +&#x200B; + +# EDIT: Shorting on fintel: + +&#x200B; + +[GET REKT SHORTS](https://preview.redd.it/6v5gthdkv7471.jpg?width=1397&format=pjpg&auto=webp&s=c9a0cea1111135cdf887326c2f690782d9a7ac00) +We'd need someone to organize monthly giveaways of the Stacy's and create a WSB Delivery app where they knock on your door with plastic boobs instead of greasy Mexican hands. +Self explanatory. When a stock is upgraded to overweight it's highly likely to pick up in the coming week- would just regularly doing this search, reading the results, and moving money into them for a few days likely result in pretty good returns? +[Source](https://rsch.baml.com/access?q=JLQz8CGIkJs) + +**Key takeaways** + +* Data suggests that institutional announcements, inflows into GBTC, and miner reward cuts help drive Bitcoin prices +* The main argument for Bitcoin is not diversification, stable returns, or inflation protection, but sheer price appreciation +* Bitcoin CO2 emissions are the same as Greece's and rise in line with prices. Our ESG reading is low on E, and mixed on S & G + +## Bitcoin supply is artificially scarce, demand drives prices + +Just like in other commodities, supply and demand drive Bitcoin prices. But there are twists. Bitcoin output is capped at 21mn coins and supply growth halves every 4 years. It is designed to become increasingly constrained. So demand swings are key to price moves. Indeed, we show major institutional announcements and miner reward cuts have been followed by upward Bitcoin moves. Similarly, flows into the Grayscale Bitcoin Trust (GBTC) appear to lead weekly Bitcoin returns. A while ago, we argued a surge in trading liquidity was a key feature of the asset. Yet Bitcoin remains limited by its complex settlement process (crypto mining), and can just handle 14k transactions per hour relative to Visa's stated 236mn. + +## No good reason to own BTC unless you see prices going up + +Bitcoin has also become correlated to risk assets, it is not tied to inflation, and remains exceptionally volatile, making it impractical as a store of wealth or payments mechanism. As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply. Unlike other asset classes, our work shows liquidity bursts measured by the Amihud ratio caused positive Bitcoin returns. Average 10y Sharpe ratio for Bitcoin is about 1.3 despite stellar returns, compared to 1 for NDX. Plus Bitcoin returns are sensitive to increased dollar demand. A net inflow into Bitcoin of $93mn may result in a 1% price rise, while the analogue for gold is more than 20 times higher. + +## Our Bitcoin ESG read: low on E, mixed on S and G + +Few ESG providers factor Bitcoin exposure into ESG ratings. But its Environmental score is poor: the network emits today about 60mn tons of CO2, the same as Greece. Plus a $1bn fresh inflow into Bitcoin may cause CO2 to rise by the equivalent of 1.2mn ICE cars. As hash power today is mostly in coal-fired Xinjiang, a link between prices, energy demand & CO2 means Bitcoin is tied to Chinese coal. Should prices rise to $1mn, Bitcoin may turn into the world's 5th largest emitter, surpassing Japan. On Social &Governance issues, democratization of money and anonymity of ownership can be positive, as it is helpful in territories with corrupt financial systems and lowers costs by eliminating intermediaries. But negatives outweigh. Anonymity aids nefarious activities. Reprisk, an ESG tracker, found 181 companies faced risks linked to Bitcoin around money laundering, corruption, bribery, fraud, and breaches of data privacy. + +## CBDCs are kryptonite for crypto, but DeFi is intriguing + +A number of central banks (notably, the ECB) are talking about launching retail digital currencies that may use mainstream technology and operate on mainstream payment rails. Central Bank Digital Currencies (CBDCs) are aimed at protecting CBs against private sector stablecoins (such as Diem), as CBs view Bitcoin et al as (spec) assets, not currencies. Also, the growth of decentralized finance ("DeFi") shows the strength of Ethereum; its computational ability is vital to DeFi applications. Yet Ethereum has similarESG issues as Bitcoin, even if it may have better tools to tackle them. DeFi is interesting, but small and faces challenges in going mainstream. We think it hasn't a compelling lending proposition at present, and its diversification makes it challenging for the mass market. +I'm yet up against another payday with a tight budget. I'm a divorced dad, money is tight, right? Wrong. + +I went through my account, adding up every single nonsense purchase. In the moment "oh, it's just $2, $4, $10." In one month I wasted $360 on that shit. I'm embarrassed for myself. I'm not poor, barely getting by. I'm a glutenous fool. + +How do I hold myself accountable? Every time I want to make a small purchase say "$360" to myself? + +I'm getting better. Most of these purchases are made because of routine more than anything. The times I reject my desire, I'm fine. I know the $360 could be worse. Baby steps. +About a month ago, I applied for level 3 options trading and was approved as I had high risk tolerance and have been trading options for over a year. Currently, there’s no money in the account as I am using WeBull for options trading but just wanted an another broker just in case if WeBull is down or something. + +Today I got an email from Robinhood saying that after review they found that my current options level is no longer appropriate for me. What possibly could have caused this and what can I do to fix this and keep my current options level? + +Is it because I have no money currently in my account? (Just for some background I am college student so my income and net worth are pretty low if that makes an difference) +Thanks! +Also, everyone is crying "but BTC cant be a currency its too volatile" so why don't we make a plugin for payments where the price of a product is defined in USD and it's BTC price keeps floating? As soon as I make a purchase the payment platform sells the BTC and send USD to the merchant. If the merchant wants BTC he can select that option ("do not convert BTC to USD") on his platform configuration. + +So we have lightning fast transactions and a payment system that ignores volatility. Now we need a Charlie Lee to come over and code the shit out of that. Any Charlie Lee's around here? Where the fuck is Mr. Nakamoto when we need him the most? +Had a diagnostic in a nationally recognized hospital and paid in full out of pocket the morning of the procedure. No complications during the actual procedure itself, but two weeks after I received a bill demanding payment of nearly 3x the price I was quoted, even though I already paid in full the morning of the procedure. + +I called the hospital and they said someone would investigate and get back to me—nobody ever did. + +I emailed their billing department (and kept screenshots) and never received a reply. + +A couple months later I received a letter from a collection agency and I followed the [Process You Can Follow to Deal with Each Collection](https://www.reddit.com/r/personalfinance/wiki/collections#wiki_a_process_you_can_follow_to_deal_with_each_collection) from the wiki. They sent me back copies of my bill and claimed those sufficed as validation of the debt. + +I filed a complaint with CFPB; the collection agency filed the bill as a reply and nothing else happened there. + +I filed a complaint with my state's department of consumer services against the hospital and they completely weaseled out of it by sending a response to **someone else's claim**. When I pointed that out, they just said "all we can do is ask them to reply, if you want to take further action you need to consult an attorney." + +Finally I figured, just to make more paperwork for them at least, I filed a complaint with BBB.org knowing full well they're not a government body, but also having experienced that actual government bodies can't do squat anyway. Lo and behold, less than a week later I received a written reply from the hospital apologizing and assuring me that the account was taken back from collections and adjusted to reflect a zero balance. I also requested a letter from the collection agency which is allegedly on its way. + +Total time it took was **10 months from when I received the predatory bill to when this was straightened out** but I probably gave them too much time to do the right thing in the beginning and I learned my lesson. + +###So the biggest lesson I got from this was don't underestimate the weight a BBB complaint can have. + +##Other lessons +1. Act fast, don't assume they'll do the right thing +1. Keep records of EVERYTHING—I wrote down who gave me the quote for the procedure and the exact date/time, the quotes from other area hospitals, I had screenshots of this hospital's pricing document which matched the price I paid in full, and my state has a tool that shows statewide averages for various procedures which I took screenshots of because this hospital's price was on there and it's the price I paid in full. I had screenshots of emails I sent them that weren't answered, I had names/dates/times of people I spoke with who said they'd call back and who didn't. I even recorded a few phone calls (check your state to make sure that's legal). + +This hospital must have an absolute mountain of cases just like mine with less assertive patients whose financial lives are utterly ruined because they don't know how to escape from these predators. I don't care what the shiny name says on the sign, a lot of these places are run by complete scumbags who ruin lives every day even though the buildings are allegedly built to save lives. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Are these HFs literally just going to just leave undeliveries and fake shorts with no punishment from the SEC? They have the rules laid out, just enforce them. + +5million shares undelivered for over a month with no one to tell them to buy shares to deliver. Is the SEC saying they are allowed to just leave it as undelivered indefinately then till the share prices dip to $3? Are the HFs going to just wait till december and just cover for $3 each cause no enforcement from SEC? Man if I dont pay the bill for $30 i get my wifi or electricity shut off, come the hell on. + +Also Someone enlighten me and why its not manipulation to trade stocks back and forth with the purpose of driving the stock down. Sounds like a direct purpose to manipulate and not based on free market supply and demand. + + +#Delivertheshares +Hey everyone, + +I am based in Canada and am making these investments in my TFSA (which has an annual contribution limit, but any money I make in this is Tax Free). + +I have 1/4th of my Portfolio in certain Tech Companies, 1/4th in an ETF that follows the general stock exchange, 1/4th in Crypto and want to put the remaining 1/4th in high dividend yield stocks/ETFs such as the following: + +* Dividend 15 Split Corp. II Class A Shares ([DF](https://money.tmx.com/en/quote/DF)) - 19.23 % +* North American Financial 15 Split Corp. Class A Shares ([FFN](https://money.tmx.com/en/quote/FFN)) - 18.56 % +* Dividend Growth Split Corp. Class A Shares ([DGS](https://money.tmx.com/en/quote/DGS)) - 18.26 % + +The average annual yield for these would be ~18.5-19% (I know there is a certain NAV threshold that needs to be met and I might miss out of Dividend payouts during certain periods - I am also aware that overall the value of these holdings will be going down, but I am seeing these investments as purely income generating funds - that should hopefully pay for the amount I put in a few years down the road). + +Whatever income these 3 funds generate, I plan on putting it in Covered Call ETFs such as the following: + +* CI Tech Giants Covered Call ETF ([TXF](https://money.tmx.com/en/quote/TXF)) - 12.32 % +* CI Gold+ Giants Covered Call ETF ([CGXF](https://money.tmx.com/en/quote/CGXF)) - 10.46 % + +The reason for this is the following - I use Questrade as my Brokerage, and buying ETFs is free, so whatever small amount I get from the Split Corps can be put in without any additional cost into those Covered Call ETFs (which are also generating Dividends each quarter). To buy more Split Corp I have to buy enough to justify the $5 commission fee I'll be charged each time and since I won't be making a lot starting out, it doesn't make sense to waste $5-$15 each month/quarter. + +I've enjoyed researching stocks, doing my DD (even if it's far from perfect) and believe having some cash coming in each month/quarter will allow me to invest in other things down the road, once I've accumulated enough capital to do so, without worrying about the Contribution limit - I can only put in a certain amount each year and can max it out within the first month of each year. + +I haven't invested anything yet and have just been thinking about this strategy for a while. My question is what is wrong with this approach? Is there another way I can approach the confines of my Contribution limit and still invest? or should I just buy more Growth oriented, but less Dividend paying stocks and play around with quicker investments in a taxable account (one which I haven't opened up yet). + +My long term objective (8-13 years) is to have a high income generating portfolio, that pays monthly/quarterly and I can live off of (or subsidize my cost of living substantially) and won't be selling the other 3rd of my portfolio till I have enough capital to achieve a decent income level each month. + +Any criticism/feedback is most welcome. I am still very new, so I am sure there are things I've completely missed in this strategy. + +Thank you in advance! :) +Just wanted to hear your overall opinions on M1. I use it for my Roth IRA. I really enjoy the simplicity of the app but hate not being able to trade during normal trading hours. I don’t usually sell much but wish I could do a stop order when I purchase. Other than that I think it’s an amazing platform that works really well for dividend investing.How do y’all feel about it? +I know that at a young age, you should/can make riskier investments because you can get back up later on in life. Would it be better to just start snowballing with dividends or go a different route with high risk-high reward? +I applaud everyone on this forum for the helpful advice and thoughtful comments. I am curious, what is the goal of retirement for you? I am lucky in the sense that I love my job and can do most of the things I want while working , and to tell the truth I don’t see the huge benefit of not having a job or some form of usefulness to get me up each day. So my question is what do you look most forward to once work is no longer required. +Doing some rebalancing. Even though I'm 50, I realize I'm a bit high on pure income plays. If you had to invest in JUST ONE growth fund (I do have some others) what would it be? The ONLY qualification I have is it needs to be less than $100/share. I want to see if I missed anything in my own DD before I pull the trigger this week. Also, for info, this is a Roth IRA. +I’m looking for reasons not to get QYLD. So far what I’ve read from naysayers is that there are better investments out there. I’m not necessarily looking for better, I just want to know if this is risky. For any haters, do you think it is better to do nothing and let the money sit in the bank, or buy QYLD? +LUMN, IMHO , is very undervalued paying 7+pct div and earning report was excellent. + +The hidden diamond ( considered a lump of coal few years ago ), not being fully understood and valued by investors, is the 450,000 miles of terrestrial and under ocean fiber optic cables, now becoming key for data traffic between remote data centers ( some in places like Greenland and Iceland for thermal dissipation reason). + +[https://money.usnews.com/investing/stock-market-news/slideshows/stocks-michael-burry-likes-better-than-tesla](https://money.usnews.com/investing/stock-market-news/slideshows/stocks-michael-burry-likes-better-than-tesla) +Many fan boys of QYLD miss the fact that there is no downside protection. Everyone likes solid dividend returns however option based ETF's like QYLD (XYLD, RYLD etc etc) limit your upside to the option strike but provide zero downside protection. Of course you can run your own trailing stop loss however with an annual dividend of circa 10% you lost that in the last four weeks. Most people run a SL of 8 - 10% so you would have secured your downside recently. If you simply invested in QQQ over the past 10 years you would have out performed QYLD massively. Just as you need to be careful with high paying stocks like T, you need to fully understand the underlying risks of what you are buying. +Listen I know everyone has their own reasons (moral, investment strategy, whatever) but it always surprises me how few people that post their portfolios/annual totals/etc. Don't own MO. it's my biggest position +Reached some financial goals this year, I have a fair amount of cash just sitting in a savings account at Chase. Anyone have some advice how I should split this up to just set it and grow it in RH? + +edit: 33 YO male +To clear out the FUD, this is not a unique occurrence GOOG did the **EXACT SAME THING** a *week* before GME did and I haven't heard of any issues, both statements below; + +**GME** + +https://investor.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +> **On July 5, 2022, the board of directors of GameStop Corp. ("GME") approved a 4:1 stock split to be distributed as +a stock dividend (the "Distribution").** The Distribution was made on July 21, 2022 to GME shareholders of record as of July 18, 2022 +(the "Record Date"). Each GME shareholder received three additional shares of GME Class A Common Stock ("New GME Shares") +for each share of GME Class A Common Stock ("Existing GME Share") held by such shareholder at the Record Date. +No cash was paid in lieu of fractional shares. + + +**GOOG** + +https://abc.xyz/investor/static/pdf/2022Q2_alphabet_earnings_release.pdf?cache=ed395cc + +> **Stock Split Effected in the Form of a Stock Dividend (“Stock Split”) On July 15, 2022, the company executed a 20-for-one stock split with a record date of July 1, 2022, effected in the form of a one-time special stock dividend on each share of the company's Class A, Class B, and Class C stock**. All references made to share or per share amounts in this press release have been retroactively adjusted to reflect the effects of the Stock Split. +I've been using them for 8 years, then tonight I tried making a small purchase on my debit card to add some more BTC. I got locked out and said I had to verify my identity. + +Spent the next 4 hours, repeatedly sending the same drivers license they had on record. + +Then they had my hold up signs with writing and the date. + +Then finally, I'm told I've been verified but "you'll be unable to send any crypto until some unknown time in the future." I go to see, and when I clicked "Send" it showed restricted. Couldn't give me any reason why. The first guy I spoke with could barely communicate clearly. + +Immediately liquidated everything to USD Coin and cashed it out via my debit ASAP. + +Now I'm looking for a reliable alternative....if there is one? +Brookfield Asset Management has historically been a darling, and a means to get into alternative investments for ordinary investors that doesn't have access to private equity. + +Is this a case of Brookfield just being caught in the "sell everything" downdraft? I find it hard to believe the value of Brookfield with their great management team and asset portfolio would have really gone down that much. + +Is this way oversold? + +Time to buy more, relative to other investments / equities? +I went all in on my ROTH IRA last year.. with VTV and VUG (total contribution $12k). Today I am down -4.6% with VTV.. and down -14.5%. My true desire would be to switch all this into VTI and keep it simple. Should I sell either one or both of these and DCA into VTI when the market is lower? I'd be taking a $1200 hit.. Any advice guys? (I started my ROTH late in life.. I have a few individual stocks in my taxable account, happy for those to dip more so I can add to it) + Newbie to investment here. The Fed has confirmed that all these measures like tapering, quantitative tightening are happening in 2022. I heard that market is all time high now, and expected to drop after increased rate. I have some savings in the bank after working for a year (graduated in 2020). Is it still a good time now to put them into ETF like SPY500? Another alternative is to let them sit in the bank and let the market cools down a little or put it into real estate as down payment. what do you guys think? +Hello there. +I've had a baby 5 months ago and lately I have been getting our finances in order and decided I would like to start investing. I've been reading and listening to podcasts to get a bit more knowledge. The thing is, I'm in a job where I have an insider regulation (due to insider knowledge), which means there are things I am not allowed to invest in. I kinda want to know if it even makes sense for me to invest time in learning about ETFs because might not be allowed to have them whilst working in this position. + +I figured out I am allowed to invest in openended Mutual funds, but the regulation makes no mention of ETFs. What is the difference between an openended Mutual fund and an ETF? +Anyone familiar with $SUBZ? + +I currently hold T and DIS so I know that streaming softwares have been super super successful during the pandemic and are the golden nuggets of a few companies going forward. + +SUBZ is an ETF on streaming services. Their top five holdings are SPOT, NFLX, ROKU, TME and Kuaishou technology. + +Thoughts on this ETF? Seems relatively new. +I am buying the vanguard VWCE accumulating and I wonder how does the accumulation work? + +For example if the dividends paid aren't enough to buy an additional unit of ETFs, what happens? Do they stay on the platform until enough are accumulated to buy an extra etf? + +Additional question: how do I find out when are dividends paid? + +Any information is appreciated 🙂 +I really enjoy the steady conservative growth of VTV and also the big dividend payment VTV provides. The problem is that I do not like how Chevron and Exxon are both in the top 10 holdings. + +I feel like oil companies will become less relevant with every passing year as we transition to renewable sources. + +Is this something I need to worry about? Thank you! +For example Vanguard Russell 2000 Growth ETF shows a pe ratio of 19.5 on +it's portfolio +[page](https://investor.vanguard.com/etf/profile/portfolio/vtwg), but +etf.com (which +[reportedly](https://www.etf.com/sections/blog/23121-why-etf-priceearnings-ratios-lie.html?nopaging=1) +calculates PE ratio in the "logical" method we probably all think of) +[says](https://www.etf.com/VTWG) it's 236.89. + +There is also the russel 2000 etf, which shows 14.3 on vanguard and +43.63 on etf.com (I saw no clear indication on the vanguard website they +are removing losing companies), ishares does +[say](https://www.ishares.com/us/products/239710/ishares-russell-2000-etf) +that for it's etf. + +I want to know the PE ratio because economic bubbles (like the dot comm +bubble and japan stock market bubble) were characterized by very high pe +ratio, and there is historical evidence low pe performs better (probably +because of the [optimism +bias](https://en.wikipedia.org/wiki/Optimism_bias)). + +I can use etf.com, but would like another source to validate etf.com is +reporting correctly . +Share and review ETF portfolios in this weekly megathread. + +Core and explore? Slow and steady wins the race? YOLO? The world is ending - short it all? + +Discuss all things asset allocation, portfolio selection, risk tolerance, timeframe, reasoning, and provide feedback to other ETF investors! +I just started learning about Investments and I'm trying to educate myself on personal finances. I leaned about ETFs, but so far what I understand is that they are pretty good to keep your savings and beat the inflation, however they aren't that suitable to generate an additional income? Am I getting it wrong? Except maybe if there's an ETF with riskier companies, where the profit (and the loss) can be bigger? How are you using this instrument? +Most financial advisors recommend putting 3 to 6% of your portfolio into crypto, so I've been doing my research on Bitcoin and Ethereum in particular. Interested in buying atm so I'm looking at my options. + + +Currently there's a couple of ETFs/ETNs for BTC and ETH, but all have TERs of 1 to 1.5% which are relatively high. My first thought was that this cost eliminates the transaction costs of buying the cryptocurrencies yourself, but the costs aren't that high at low commision brokers and you pay transaction costs on the purchase of the ETFs/ETNs yourself. + + +This left me wondering, is there really any advantages to owning a crypto ETF/ETN as opposed to buying the currency yourself? All I see is more costs, maybe it's just convenience for most people (as in, they don't need to find a crypto broker and can just buy the ETFs/ETNs at their regular broker)? Let me know what you guys think. + + +Some people might compare this to a gold ETF or just buying physical gold yourself, but I reckon that's not the same thing because it's much easier/less costly to buy crypto's online yourself than to buy physical gold. + +EDIT: A lot of people are commenting about diversification. Yes of course, an ETF with multiple cryptocoins in its portfolio would have an advantage. I was talking about a bunch of ETFs that seem to be focusing on one individual cryptocoin (mostly BTC or ETH), so no diversification of multiple currencies. In that case there would be no advantage, right? +I was investigating in bond ETFs thinking they would be low return but reliable options to put your money in. But right now, most of them are quite red. I was surprised to see their poor performance overall. + +This begs the question - Can they recover with the economy ? From what I understand, this is mostly the money lent to businesses and when they default, the money is gone. So if majority of money in an ETF is bad debt, how do they continue being profitable ? +Hi, I already have QQQM, ARKK, VOO, VEU, DIA. Invested similar amounts across all. Want to further invest in a new ETF. Am Sector agnostic. Not planning on touching these investments for a couple of years. Suggestions welcome! +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +I have some money lying around and personally, I can take a bit of a risk. Market conditions in Europe is pushing down the values of some ETFs and I wanted to buy some of them at a 'discount'. But after looking and looking some more, I just cannot make up my mind on which ones are more likely to come back up again. I understand, there will never be any clear indication. That is why I am now resorting to asking for opinions and best guesses. + +Which ETFs (available for European investors) do you think are going down right now but are quite likely to come back up again ? + +&#x200B; + +I will share some of my best guess: + +&#x200B; + +AMUNDI PRIME EUROZONE - UCITS ETF DR (C) + +And + +Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc + +And + +HSBC EURO STOXX 50 UCITS ETF - European economy based which are down because of all the problems, but I am confident that sooner or later they will come back up again. + +&#x200B; + +Lyxor DAX (DR) UCITS ETF - Dist + +Deka Germany 30 UCITS ETF - Germany was preparing well for economic growth but the war has temporarily stunted it's growth. + +&#x200B; + +Lyxor DJ Switzerland Titans 30 (DR) UCITS ETF - Similar case as that of Germany + +&#x200B; + +iShares Core MSCI EM IMI UCITS ETF USD (Acc) + +&#x200B; + +iShares Core UK Gilts UCITS ETF - Found this recently and I am mostly going with the gut feeling on this one. +I see mostly AVUV lovers, but why don't people like SLYV more? Looks pretty good and cheaper ER. Also, why do people like small cap value funds instead of just smallcap funds in general, like a smallcap 600 fund that includes growth and value? +Hi, everyone. Please share how are your portfolios looking towards the end of the current year. Are you up on profit or down on loss, what percentage, what is composition and so on. + +It's interesting to see how everyone did considering that the market was volatile this year. +What are some of your top reasons to not be bullish about tech for 5-10 years or a longer time horizon? + +Why not put significant amount in QQQ or even VGT instead of putting it in VTI/VOO? +I see mostly AVUV lovers, but why don't people like SLYV more? Looks pretty good and cheaper ER. Also, why do people like small cap value funds instead of just smallcap funds in general, like a smallcap 600 fund that includes growth and value? +Hello everyone! + +I am quite new to investing (have been learning on the matter for about 6-12 months) and I am looking for some general help/strategies to select ETFs. I plan to do mostly passive investing by holding a few ETFs, buying regularly and holding these investments for a long time (similar to what is recommended in J.R. Collins’ book). + +I want to start off by investing $1,000 into my TFSA (Canada Eh!) using the Wealthsimple Trade app. However, there are many, many ETFs to choose from and I do find it a bit overwhelming. + +Questions: + +1. What is your general strategy to select ETFs? +2. Other than unit price, MER, historical data and dividend yields, what other factors should I highly consider? +3. Do you use a platform to compare many ETFs at once or do you visit each company’s respective website? + +Thank you for all your help! +I try to invest 3k a month into stocks. I am hoping to hold for 10 years, and then liquidate to buy a house or some other shit. + +VUG - 25% - Big Tech Growth (Apple, Microsoft, NVIDIA) - 750\* + +VTV - 10% - Large cap value (JP Morgan, Berkshire, Exonn etc.) - 300\* + +VOT - 5% - Mid Cap Growth - 150\* + +VOE - 5% - Mid Cap Value - 150\* + +VB - 5% - Small Cap Blend - 150\* + +VEA - 20% (Developed Market) - 600\* + +VWO - 10% (Emerging Market) - 300\* + +VTEB - 10% (Bonds) - 300\* + +VIG - 10 % (Dividend Fund) - 300 \* +I’m sure there will be many views on this but keen to hear thoughts. I invest regular contributions for my child into a range of ETFs but mostly long game ones like VOO. I’m wondering whether getting some shares in a company like Apple is a good long term steady hands or something more like ARKK etf? + +Any suggestions/links to portfolio ideas for a 1 year old? +I’m looking to add bonds to my taxable account and read that municipal bonds are more tax efficient. I’m 52 and want to start moving towards a more conservative portfolio. Currently invested in VT. Any ideas? +I see mostly AVUV lovers, but why don't people like SLYV more? Looks pretty good and cheaper ER. Also, why do people like small cap value funds instead of just smallcap funds in general, like a smallcap 600 fund that includes growth and value? +I’m only investing 200 every other week at the moment. Is it better to invest $20 in 10 different stocks or $200 in a single stock and rotate through the stocks every 20 weeks? + +To me, the beginning investor, I can’t see where it really matters but thought I’d ask the group. + +Thanks. + +Edit: Thank you to everyone that replied or that might reply after this edit. It’s given me a bit to think about and made me realize I need to consolidate some stocks and educate myself a bit more on how to pick better stocks at the right time. I received more helpful comments than i expected. +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +As the title said, there are several brokerages where I am (Southeast Asia not Singapore) that offer options to buy US-stocks... while there is no minimum order but for the transaction to be 'cost-effective,' that minimum would be approx. $3000 per order (0.5% commission+$30 per order). + +On the other hand there are local mutual funds that directly invest into popular US-etfs like QQQ, SPY, IVV, WCLD, most of the ARK, and others. + +I have 10k USD on hand and this port will serves as my primary international investment. So... is it worth it to take the plunge? +Hey all, I’m 37 and am just now getting into stock/investing/Reddit. After getting drawn in here by the GME debacle and messing around with some pump and dump stuff, I realize it’s not for me and ETFs seem like a much better match. I’m not the gambling type and I highly prefer a long term investment with a more steady, reliable as low-risk return. After reading through a ton of these threads, I was thinking about VTI, VXUS, VOO, ARKK, MSOS, QQQ, PBW. Haven’t checked overlaps yet and am not sure of percentages. Thinking to start with $5k until I build some comfortability. Any general advice or pointers? I truly appreciate it. +Hi everyone. I'm looking to invest in another ETF (currently I hold shares in VTI) with the goal of more diversification. I'm looking for something long-term, and right now I have my eye on NOBL and VYM, although I'm not entirely sure those are the best investments for me. Does anyone have any other ETFs they could recommend that I look into? Any advice? Thanks in advance! +Would you recommend different ETFs when investing in your 50s and 60s? I would think that I would need something to balance out the risk of the stock market (bonds?), but I'm not sure. Would appreciate any thoughts and recommendations. +My understanding is a non-US resident can save 15% tax on dividends if we trade through European markets. + +Questions regarding my table below. + +1. Why is the yield so much lower on VUSD (even against VOO which is also a Vanguard fund) +2. Are my estimate calculations correct? My net yield will be higher on VUSD with a $500K holding. +3. Any other comments pro or con VUSD versus VOO? + +https://preview.redd.it/5z9v2hym5ju91.png?width=829&format=png&auto=webp&s=563db21f2606856fff34df2c7eb8598280f4fc00 +Hi all, + +I currently have ITOT (ishares total US market fund) as my core position i.e. 70%. I want to know if it makes sense to switch it to something more growth focused like MGK or QQQ. These funds have better returns but are more focused. + +For context, I'm 35yr old, working in tech and see tech continue to dominate next decade too. +Hi All, + +This year I was finally able to start saving for a down payment on a house (in 8-10 years probably) for my wife and I after paying off the last of my student loans. We’re in Canada. + +Due to our relatively “short” timeline, and therefore low aversion to risk, it seemed the VBAL / XBAL route for us made the most sense. + +Now I keep seeing articles like this though: https://ampvideo.bnnbloomberg.ca/death-of-60-40-portfolio-adds-new-layer-of-risk-to-retirement-plans-1.1576292 + +Should I reconsider our investment strategy and go with something more like VGRO or VEQT, which are really just advised for long time horizons / higher risks? + +Any thoughts would be greatly appreciated. +I'm working on creating a simple ETF portfolio that I can DCA into overtime. The GME episode made me realize that I can be an emotional investor (shocker), so this is my effort create a portfolio that I can contribute to and not deviate from over time. If I can set this and then almost never think about it again for the next 5 years, that'll be the dream. + +I would love people's thoughts/suggestions on both the ETFs and the allocation %! + +&#x200B; + +**Core Holdings – 85%** + +(30+ year horizon) + +||`% Allocation`|`Rationale`| +|:-|:-|:-| +|**VTI**|65%|Core US Exposure| +|**VXUS**|20%|Core Intl. Exposure| + +&#x200B; + +**Growth Holdings – 15%** + +(3-5 year horizon before re-evaluation) + +||`% Allocation`|`Rationale`| +|:-|:-|:-| +|**ARKK**|3%|Higher risk but willing to trust Cathie and see how it goes| +|**ARKG**|3%|I have bought into the genomics hype and think there is a lot of room to grow here| +|**ICLN**|3%|Renewables are the future and I browse this subreddit sooo...| +|**QQQJ**|3%|I was between this and QQQM, but since it's a small % I figured I'd rather lean towards betting on potentially higher growth| +|**GIGE**|3%|SoFi's Gig Economy ETF has a great mix of eCommerce, Fintech, and other holdings that I'm very interested in (and the ETF is seriously slept on here). I also think that gig services are here to stay and will only grow more prominent over time.| + +&#x200B; + +Additional ETFs that I considered: + +* QQQM +* WCLD +* VUG +* SGOL +Hey everyone, +I am kind of new to the whole private investing thing, so please bare with me. I have a depot on Trade Republic, where my main positions are ETFs. +Now for my question: +Sometimes all my position are in the green, so have grown over the day, yet my daily result is negative. How is that even possible and why does it happen? +Thanks in advance, guys and girl. +I honestly just need a second opinion on this, the back tested data seem to make sense but it's just so unconventional. + +https://exponentialetfs.com/reverse-cap-weighting/ + +Also I've had people say that this will cause tax churn? + +Thanks in advanced :) +This post is not going to make me many friends, but I would appreciate some opinions. + +I've been passively investing with a wealth manager for years now. Broad market, by the book investing + lots of Apple. Even got bonds and shit. Been doing great. 401k all in S&P 500. + +In February, I opened up a Robinhood account and started a smaller speculative account that I could try to beat the market with. Not going so well. Down 17%. I thought I would enjoy this more. The red days have been taking a toll on my mental health. At this point, I'd like to give up, get as much back as I can, and to give it all to my wealth manager. + +Here are my positions: + +TQQQ VIOV +AAPL CHWY JPM VWAGY +ARK/F/G/Q/Q/PRNT +BATT SMH +CXSE EMQQ +CNBS +NERD +BETZ +REMX + +I've lost money on everything except TQQQ and JPM. (Like honestly, how is VIOV down in this market?) + +**Option 1** +Delete the app, try not to check the account, check back in a month. Ides of March nearly over. This will probably continue to be a drag on my mental health. You guys think these positions are likely to return most of that 17% over the next few months? + +**Option 2** +Take the loss on the chin, sell out. + +**Option 3** +Strategically shed some of my riskier positions for better cyclical plays in an effort to dig out. What would you sell and buy? + +I'm expecting comments like "you shouldn't have invested what you aren't willing to lose." This has certainly been a learning experience for me. Thanks for the help. +I wanted to get into some weed stocks as a possible federal legalization in the US and further efforts to decriminalize weed across Europe seem like a good opportunity. + +Since I don't know a lot about the companies in this sector (I'm from Germany where it's still mostly illegal) I wanted to buy an ETF and MSOS gets recommended a lot around reddit. + +However when I looked up MSOS's holdings I found this: https://etfdb.com/etf/MSOS/#holdings about 80% in MUTUAL FUND (OTHER) and DERIVATIVE SECURITIES (OTHER). The holdings on the website look a bit different: https://advisorshares.com/etfs/msos/ but all the companies are SWAPs? What's up with that? Can somebody explain this to me? +I'm not really sure how 3x bear etfs work given the complexity of their swaps, but what will happen if the bull market continues for the forseeable future and these bear etfs hit zero? +I have been holding all my money in a liquid savings account. I want to move it to ETFs ... i just bought 10 shares of VGT. but now im reading that putting ALL my money into this is too risky? I have about $50,000 that I want to put in ETfs but!!!! I dont want to risk losing it all because its just about all of my money. This is also not meant to be for 40 years .. I have a feeling im going to die before i hit 65 lol , i may need to access this in like 5-10 years.. who knows. so i guess im just trying to grow the money but also play it some what safe... would anyone recommend half in VGT and the other half in maybe VOO/ VUG/ VYM or VGI? anything helps me, im brand new to this :) +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Hi guys, + +I'm new to investing. + +I simply want to get some exposure to US and UK stocks indices e.g. FTSE, S&P, etc. + +There are a range of ETFs to choose from for any one of these indices. What are the characteristics I should be researching? + +Cheerssssss +Hopped on the BTC train early 2018 after the new years boom of 2017. Of course i regret not jumping on much earlier but i apaprently needed some convincing. + +When the price fell in march during covid i realized this was the lowest price iv'e seen in a long time and decided to go for it. Looks like i was lucky to get a small chunk at 5500$ and now i'l just have to DCA my way to more coins. + +I'm in it for the long run. Let's all HODL hands. + +&#x200B; + +EDIT: Thank you so much for the gold award anon! Much apreciated <3 + +EDIT2: Very thankful for all the awards and luv!<3 Was not expecting so much response. +I am in Nevada. I owe $12,070.23 on the remaining principal balance through silver state credit union. The vehicle has only been used a total of roughly 2 weeks over the past 1.5 years. The registration is not up to date. What are my options and where should I start in order to lift this financial burden from my shoulders. Any advise is appreciated. +I was just participating in a discussion thread on a financial forum that is not FIRE-oriented, and was really struck by the different perspective of financial advice that you get in the "real world" as opposed to what we espouse in FIRE communities. + +This guy wrote in that he has [$5M net worth at age 50](http://www.dcurbanmom.com/jforum/posts/list/579314.page), and he was asking about what his options were -- when would other folks plan on retiring in his shoes. + +Instead of sensible advice or pertinent questions (e.g., what are your annual expenses?), he got a bunch of counterfactual heuristics like: + +> I have a friend that retired around 50. At 55, they are at the 'we need to sell the house and go someplace cheaper' phase. I'm afraid of what happens as time goes on. Not working and earning between 50 and 65 doesn't strike me as a great plan, especially if you don't have f u money in the bank - and that's not $5M. + +and + +> It's not, at all., just look at inflation. OP thinks they will live into their mid 80s. That's 35 years. I'm 40 and still have both grandmother's and one grandfather, all in mid/late 90s. + +> OPs 5M will no longer grow. OP will be living on interest. In 35/40 years that 5M will buy you a THIRD of what it does today, so that 200K in annual interest payments (God help them if the market tanks) will be70k in today's income, of course assuming the principal stays intact and that she kicks the can NLT 90. + +> 5M is not FU money. It must be managed much differently and much more prudently than the OP is accustomed to now, living high on the hog. I also agree that for the OPs income, assuming they've had it for a long time, their savings are less than impressive. + +> I'd keep working and double down on relationships estate investments, assuming the OP is not heavily diversified. + +I almost feel bad for folks like this. But, it's just so hard for me to understand how someone can be smart enough and driven enough to accumulate that much wealth, but at the same time utterly incapable of making a solid financial plan to preserve it. +I am currently 30 and FI in the USA but still work for various reasons, including benefits. I’m interested in quitting my job to travel the world but would like to generate income while doing so. + +While I probably won’t be able to match my current salary, I would like to replace the salary revenue stream in addition to the one I would be living off of from stock portfolio dividends. + +How did you generate income while traveling the world? +tl;dr - by being too scared to invest during an economic downturn, I cost myself $235,000 in retirement savings. + +Time-wise, this is not my *exact* situation, but it is extremely close. I've actually bumped it back two years to make it even worse, which should only go to prove my point. + +I started working in a career that allowed me to save money right around the time of the last major recession. Due to the economic climate, I saved all of my money. I didn't invest it. I just saved it at the bank. Realistically speaking, I could have invested $5,000 a year and still had enough savings to be safe in case of emergency. But I was too scared to do so. + +Because of that, over 10 years I ended up with $50,000 in the bank (plus a rather negligible amount in interest). But what if I had been putting $5000 a year, on January 2, into a Vanguard Target 2045 retirement account? Percentages for below are taken from the total return column on the fund's page. + +Starting in 2008, that $5,000 would have been down to $3244.50. Ouch, right? -35.11% return. But keep doing the math. Add another $5,000 for the next January 2, 2009 deposit, then add 28.67% to account for the 2009 total return. Add another $5000 for January 2010, increase the new amount by 15.33% for that year's return, and so on and so forth. + +The result? After ten years of investing, that would have left me at about $91,000. Already $41,000 ahead of my non-investment "strategy". Now, let's make it even more painful. Let's look at how this works out down the road. + +With my $50,000 deposited today, untouched for 30 years at 6% growth, it would grow to about $287,000 in 2048. But with $91,000, it would grow to over $522,000 in that same time. + +Moral of the story: even when things aren't looking great, if you can afford to invest some of your money, you really should do it. Don't leave yourself without an emergency fund. Don't live outside of your means. But if you are fortunate enough to have income left over to save and you've got decades to go before retiring, put that money to work for you even if the short term looks scary! + +edit: fixed a huge typo - corrected to "don't leave yourself *without* an emergency fund". Hopefully people knew what I was trying to say. +I saw this post "What was the worst financial mistake you have made?" and I learned a lot by reading the comments. Which made me think we can also learn a lot by sharing our successful decisions +Hello! + +How do I calculate the Market Liquidity for a specific crypto? The calculation appears fuzzy in relation to cryptos. + +My definition of liquidity is this -> being able to buy/sell without drastically affecting the price (no major slippage). + +One definition I've seen is Volume24Hour / Current Price - which I will call "**Volume Liquidity**" + +Outside of that I've seen vague references to using the Order Book. And, I've seen plenty of references that state there is no "generally-accepted" calculation for cryptos. Note: I'm not interested in any definition outside of Crypto (i.e., Accounting Liquidity). + +I only want to trade Highly Liquid cryptos with active Price Action. + +I want to make sure that if I Buy a crypto that I'll be able to Sell it. I want to make sure to avoid sucker coins like SHIB INU. (*Yes, I'm happy for those who did well in the short term but I don't want to trade on emotion*). + +Using **Volume Liquidity** I would be mislead into SHIB when I know damn well that there are Sellers just waiting and (actively trying to lure suckers with fake activity) into Buying. Those new Buyers will end up losing in the long run (hence, the many posts I see of SHIB holders frustrated because they can't "Sell" for lack of liquidity resulting in major slippage). + +My Thought: + +Sure, use Volume Liquidity as a rough guide. If the crypto does have any interest - skip it. + +But, then I need some way to measure True Liquidity. + +In particular, I'd like to define a liquidity calculation that would allow me to compare cryptos. + +Any help would be appreciated! + +Note: -> I do see that some Exchanges have come up with their own Liquidity metrics but don't see where they explain "how" they calculated such metrics. + +Thank you! +I'm currently in my junior year of college majoring in mechanical engineering and minoring in mathematics and computer science. In the past two years I've become very interested in programming and trading, which lead me to play around writing some trading programs mainly focused on sentiment analysis (still working on) and genetic algorithms (didn't come out so great but I gained exposure, a good learning experience, and it was pretty fun). + +&#x200B; + +I've seen a couple posts here about engineers who have made a transition to finance/algorithm trading and was wondering for those of you who have done something similar, what made you make the transition and how? + +Did you start in engineering then transition over later, or did you go straight into finance? + +What sort of advice would you give to someone trying to make this transition? + +&#x200B; + +Any advice or comments would be appreciated, even from those of you who do not come from an engineering background. +I'm a software developer. I'm back in school part-time as well. I'm thinking about minoring in finance to be more informed in my trading. Is this a good decision? Any finance majors in here? +I suppose this kind of thing heavily depends on the performance of the underlying equity that you are trading, but curious who has a win percentage less than 50 and in the green? I was backtesting some strategies and even though my avg return was in the green many of my strategies were below 50 in the percentage of picks with a return in the green. + +Edit: mildly related: anybody have a win rate > 90%? +Recently I tightened stop losses for one of my tests - from maybe 0.25% - 0.5% to fractions of a percent. It actually seems to have really improved drawdowns. + +As context, I basically trade with high leverage (over 5x) on a very short time frame (minutes or seconds) and I was getting horrible draws from a few points of fluctuation. Now it seems that I can actually continuously enter and exit trades until it is a confirmed or failed trend that was spotted. With the magnitude of leverage, exchange fees are ignored in this situation. + +Does anyone use very tight stop losses? In my opinion, if the trend isn’t right or my algorithm isn’t correct, it should be dumped asap. + +Appreciate your thoughts! +Does most of the algo traded alpha come from going long one and short the other in a pair of correlated assets? +In other words, is mean reversion the most common thing for computers to predict correctly? + +Simultaneously going long and short on correlated assets cuts the risk drastically compared to only being long or only being short on one asset as well. +Is mean reversion of correlated assets all there is to it? Is it the best strategy? +Good Lord. I'm essentially all in VTSAX and VIIIX and even after maxing my 401K, IRA, and throwing about 10K in a personal account, my number at end of year is now pretty much the same as it was at the beginning of the year. I'm not going to sell because I feel like it's already past the point of no return and may as well hold on. I'm relatively young and don't plan to retire in the next 10 years, but it sure is disheartening to see that much gains and contribution go just poof. I've been working since 2002 and weathered 2008-2009 fine because I did not have very much money saved up during then and just continued investing. Now that I've spent more years working since then and have a sizable nest egg built up, it's depressing. +For 5 years now (They skipped 2020/Covid) LinkedIn has produced a list of top companies to work for (called various things through the years). I wanted to see what the (basic) results would be if one invested in the top ten companies. However, not all of the companies are public or were at the time of the list. So I skipped those and continued on the list till I had the top 10 public companies. Also, the formatting is hard so I just included total results for each period and the total for all 5 periods. I did not include dividends. + +This is not perfect, but just for fun. I based the results on the begining and ending share price. It's not weighted in any way, just percent gain (or loss) for each company during that period. Same for SPY. + +EDIT: Adding QQQ as comparison also as someone requested since the companies are tech heavy. See below result. + +#Results: + +2016 (6/20/16 - 05/17/17) + +1 Google + +2 Salesforce + +3 Facebook + +4 Apple + +5 Amazon + +6 Uber (PRIVATE) + +7 Microsoft + +8 Tesla + +9 Twitter + +10 AirBnB (PRIVATE) + +11 Netflix + +12 Stryker Medical Devices + +Total Return: 32.33% + +SPY Return: 13.46% + +QQQ Return: 23.01% +___ + +2017 (5/18/17 - 3/20/18) + +1 Google + +2 Amazon + +3 Facebook + +4 Salesforce + +5 Uber (PRIVATE) + +6 Tesla + +7 Apple + +8 Time Warner + +9 Disney + +10 Comcast + +11 AirBnB (PRIVATE) + +12 Netflix + +Total Return: 24.42% + +SPY Return: 14.44% + +QQQ Return: 22.14% + +___ +2018 (3/21/18 - 4/2/19) + +1 Amazon + +2 Google + +3 Facebook + +4 Salesforce + +5 Tesla + +6 Apple + +7 Comcast + +8 Disney + +9 Oracle + +10 Nextflix + +Total Return:12.04% + +SPY Return: 5.75% + +QQQ Return: 9.47% +___ + +2019 (4/3/19 - 4/27/21) + +1 Google + +2 Facebook + +3 Amazon + +4 SalesForce + +5 Deloitte (PRIVATE) + +6 Uber (PRIVATE) + +7 Apple + +8 AirBnB (PRIVATE) + +9 Oracle + +10 Dell + +11 Netflix + +12 Cisco + +13 WeWork/The We Co. (PRIVATE) + +14 Spotify + +Total Return:70.85% + +SPY Return: 45.77% + +QQQ Return: 85.09% +___ + +2021 (4/28/21 - 6/23/21) + +1 Amazon + +2 Google + +3 JP Morgan + +4 AT&T + +5 Bank of America + +6 IBM + +7 Deloitte (PRIVATE) + +8 Apple + +9 Walmart + +10 Ernst & Young (PRIVATE) + +11 United Health + +12 Accenture + +Total Return: -0.12% + +SPY Return: 1.28% + +QQQ Return: 2.71% + +__ + +5 Period Return: 27.90% + +5 Period SPY Return: 16.14% + +5 Period QQQ Return: 28.48% +We bought a company. That company is going to succeed AS LONG AS WE WANT IT TO. + +Millions of people love what we did. Those millions of people will buy whatever GME produces because they are financially invested in its profit margin. Or maybe because they are emotionally sympathetic to it succeeding because their family members, friends, coworkers, or neighbors own a share. + +If Gamestop wanted to introduce a movie streaming platform, millions of people would subscribe to the GME movie app. We'd be as rich as Netflix. We are going to buy our products BECAUSE IT'S OUR COMPANY. + +We wouldn't buy games from any other retailer, we would buy it from GME. + +If Gamestop started a music streaming platform, we'd download and subscribe to GME Music. We'd be as rich as Spotify and Apple Music. + +We are the consumers. We have all the economic power in this situation. + +I may be just another idiot WSB investor, but... + +Prove me wrong. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 2: 🦍APE🦍STRONGER🦍TOGETHER🦍 +A quick, 4-6 minutes survey on financial education + +[https://docs.google.com/forms/d/e/1FAIpQLSfGcOvBe6XT5\_b1R0QOEEM7sjRYg0Z86QIGYbouL34raDOkng/viewform](https://docs.google.com/forms/d/e/1FAIpQLSfGcOvBe6XT5_b1R0QOEEM7sjRYg0Z86QIGYbouL34raDOkng/viewform) + +We really appreciate your feedback. + +Thank you +I am terrified of the thought that all my money could be gone and there's nothing I can do about it. Wouldn't it be safer to put the same amount of money into a savings account, so at least I know it's always there? + +Please don't be rude or condescending, I'm genuinely worried and curious. I'm already putting money into a Roth IRA, it just scares me that if I get around retirement age, the stocks plummet, and I'm left without. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Just got renewal notice from AAMI for home and contents insurance which has increased by 42.2% since last year. Expected an increase, has been a tough year all round. But is 42.2% what others are seeing also? + +*no claims made in last three years or changes to insured property/goods. +I’m a 32 year old male, with quite a sizeable savings account and I make more than enough that others have told me I “have literally no excuse for not putting any of that money into the markets.” + +However, I feel like I do. I have this irrational fear that the minute I put any money into the markets, a 2nd Black Monday would happen. That would just be my luck. However I also know that with my money just sitting in my savings account, I know I’m still losing to inflation. Just not as quickly as I would if the market were to crash. + +I suppose it also comes from the fact that my family was dirt poor growing up, living in shitty pay by the week motels or in our old Plymouth Voyager when things got really bad. That I cling tightly to my money for a fear of ending up in the poor house again + +How do I overcome this fear of investing and getting into the markets? +Edit: this methoed has been Debunked and is for now false. The conclution to My teori was that a spike would occour today the 6/10. Sadly it did not. For now atleast🚀🚀 + +# Introduction + +For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later. + +In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF’s. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression. + +To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken). + +&#x200B; + +# Disclaimer: + +1. It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated. +2. I am not a professional data analyst, nor am I claiming my points as objective truth, I’m simply an ape that like the stock. +3. It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish. +4. Keep in mind that I’m a Europoor. I use a European version of excel, that’s why you see “,”s where “.”s should be. +5. I’m not that good at exceptional regression. + +&#x200B; + +# Goal: + +\- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen. + +\- I’m using exponential regression and comparing when the breakthrough is going to happened. + +\- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter) + +&#x200B; + +# Data collection: + +I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/) + +The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression. + +Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then. + +&#x200B; + +# Outcast of the data: + +[I manually typed the numbers in. But I checked it twice and it seems like there aren’t any typing errors. ](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821) + +&#x200B; + +**Data input 1: Highest price for each day since Feb. 19th** + +[It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line. ](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884) + +**Important note:** R\^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R\^2 regarding highest price for each day is closer to 1. + +&#x200B; + +**Data input 2: Lowest price for each day since Feb. 19th** + +https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04 + +As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action. + +# Comparing data (Speculatory breakthrough date): + +&#x200B; + +* “Highest” = From Highest price on x day +* “Lowest” = From Lowest price on x day + +[Datasets 1 and 2 + breakthough point](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc) + +&#x200B; + +[x = Day 78 y = Price](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535) + +&#x200B; + +* **Breakthrough** = (78.28, 214.72) + +As seen on the graph above it shows that the highest price will cross the lowest price on day **x78**, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do. + +&#x200B; + +# Conclusion: + +**June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth).** It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into our favor. Its likely *(in my opinion)* that the hedge funds will surrender and let the kraken lose. +Let's say a crash does happen soon, which sector or theme would you want to buy the most, if or when it does happen in the coming months? + +As we all know, EV, marijuana, fintech, tech, genomics have all 5-20X'd since the start of the pandemic. The more famous investors such as Burry and Cathie Wood seem convinced that there will be a crash or at least a correction coming soon. + +Also bonus question: What companies would you buy the most of within said bubble popping? + +Personally for me it would probably be EV > weed > tech > genomics. With TSLA and NIO being the top 2 companies I would start buying. After that it would be APHA, and then from there stuff like SQ, NET, DKNG, SNOW, and LMND. +I'm a 24 year old woman who had been pursuing early retirement since I graduated from college a few years ago. However, I got extremely burnt out and unhappy from my work due to high stress and long hours, including weekend work. I knew I needed to leave but I was so burnt out that no other job seemed worth pursuing. + +Then I came across Paula Pant over at [Afford Anything](http://affordanything.com/), and decided to follow in her [footsteps](http://affordanything.com/2011/07/01/quit-your-job-and-travel/) and take a one year mini retirement. Her year off was a trip around the world. Mine is more free-flowing that that. I spent the first month traveling to Thailand and India, but now I'm back home and plan to spend my time learning the guitar, getting back into shape, and writing. + +Later on in the year I'll probably do some more mini-trips (trips under consideration are Banff, Canada, hiking the John Muir trail, and going to Stromboli, an island off of Italy). Otherwise, I want to spend my time on my hobbies, developing skills, deepening my friendships, and having a lot of fun. + +It was a tough decision to take this time off, because by the end of the year, I'll have blown through most of my savings **[EDIT: I'll only have blown through 50% of my savings - I should have made this more clear. I am planning to spend $25k on my year off, and I'll have $25k left]**. That said, I'm happy I'm doing it, and think it's the right decision for me. I was feeling so apathetic and unmotivated at only 24, and I knew I couldn't keep working in the same industry until I hit early retirement, or I'd be completely miserable. Taking time off will let me re-connect with what I find fun, explore my career options, and ultimately find work that will be intrinsically pleasing, rather than only externally validating (through money, social status). + +At the end of my year, I think I'll be looking for less traditional work, like freelance editing (I've edited before and really enjoyed it). And even if I work a 9-5, I will not work at a company that expects constant overtime... I feel like my last company took over my whole life - it was hard to fit in workouts and friend time when I was constantly working. + +**Enough about me! Are you a young person doing something similar, or considering something similar? Please say hello. Comments and advice welcome :)** + + + + + +*EDIT: I'm getting some criticism that this post does not belong on this sub because I'm no longer working towards FIRE. That's fair. In that case, I just want to say thank you to this sub and to Mr. Money Mustache for inspiring me to save a big chunk of change. I was on an entry-level salary in a big city and many of my co-workers struggled to make ends meet... I would never have been able to save so much, or take this year off, without the FIRE community. Thank you!* + + +*EDIT 2: I think a lot of the hate comes from me calling this a 'mini retirement.' +'Mini retirement' is a Tim Ferriss phrase, but I realize that in the context of this sub, the use of the word 'retirement' is a bit more strict. I'm taking some time off because I want to and can afford to. Call it a 'year off' or 'long vacation' if you'd prefer.* + +*Also, I feel like a lot of posters are assuming I'm lazy, entitled etc. I didn't give too many details about my job because that's not the point of this post, but my job was the wrong fit for me in more ways than one. In fact, it was the wrong fit for most people, with high turnover. Many of my mentors and people I looked up to left in the past year. And the older ones expressed that they regretted staying at the company for so long. I'm still deciding what to do next, work-wise, but I knew I was ready to leave the company, and I had savings that enabled me not to just jump to some other job, but to take time to reflect on what type of job I want and to explore my options.* +Can’t say how many times I’ve needed to pick up from the food pantry, only to get home and realize I just picked up someone’s expired cans/soup/etc that they donated after obviously cleaning out their cupboards. + +It’s not “helping”. Giving “the poors” your expired food may make you feel good about yourself, but it sends the message that we’re only worthy of having your expired garbage. + +Edit- I know that canned items aren’t necessarily expired by the time they reach the dates printed. I am mostly pointing out the message it sends by only donating your expired items that you found by cleaning out your cupboards- that people who need the help from the pantry aren’t worth the fresher options in the first place, and you’re donating the things you yourself wouldn’t take the risk eating. +I had a small oil filled heater I was using once my wife and kids went back to work/school, rather than using the central heating. + +It died just before summer kicked in. + +Any suggestions for a small heater (or alternative) for someone who will be largely homeworking this winter? +That sub was compromised. + +GME was compromised. + +Apes are still there. Standing. Learning. Fighting. Buying. Holding. + +Those 6 months shown what we're made of. Freaking Diamond. I trust my apes and apettes to ride with me to the moon during the MOASS. + +TO THE FREAKING MOON AND BEYOND! +I (25M) have seen quite a few posts recently of people with lower incomes who are doing really well for themselves. I apologize if this is a bit of a brag post but I don't know who else to share this with. + +My wife and I just surpassed $100k NW a few months ago! We are both in school full time, work part time, and have never made more than $25k in a year. We have been both incredibly lucky and super frugal, so I wanted to just share what we did and hopefully inspire others who are still in school or have a lower salary. + +First, my schooling is covered with scholarships. In fact, I earn roughly $4000 per year to go to school. We use this money to help cover my wife's tuition, which is about $5k per year (cheap in-state public university). + +Monthly income is inconsistent, but hovers around $1500 to $2000. Expenses are also variable, but we keep them around $1200 per month. Expense breakdown: +Rent + utilities: $800 +Food: $200 +Phones: $60 +Internet: $30 +Car insurance/gas: $60 + +Frugal tips: +We only own one car. We bought it for $2000 and my wife drives it to work and school. School is close to our house so gas expenses are low, and we have liability only insurance. I ride a bicycle everywhere, even in the winter. We do not use AC or heat in our house. This saves us roughly $100 per month on utilities. In the winter we sleep with jackets on and like 5 blankets, but it works. We have to drip the pipes to make sure they don't freeze. Summer isn't too terribly hot here so we just sweat a little more than others. Our phones are paid off and several years old, and we use Google Fi and very little data to keep the monthly bill around $60. We don't eat out unless we have gift cards (which happens frequently thanks to my wife's boss) and we buy in bulk at the grocery store. Lastly, we did a little credit card churning and put most of our expenses on cards to redeem a few cents on the dollar and earn thousands in signup bonuses. This also helped us travel and have some fun without breaking the bank. + +Lucky stuff: +We bought a townhome 4 years ago and then the market exploded. We had an FHA loan and only put down $3500 to buy the house, and then through natural appreciation alone it doubled in value in 4 years. We just sold the house and earned $60k, which went immediately into a HYSA. Despite working part time, my employer offered paid time off, health benefits, a 401k match (6%), and a HSA. This all helped tremendously and I recognize it was mostly luck. + +For the last 3 years, I maxed out my Roth IRA and maxed my wife's Roth IRA the last 2 years. We put all of our extra money each month either in our IRAs or HYSA. Even without the money from selling our house, we still managed to save about $50k in 4 years with our small salary. + +Total assets +Roth/401k: $39k +HYSA/checking: $70k +HSA: $3k + +Tl;Dr - $25k salary. Saved $50k in 4 years with some major frugality. Got lucky in the housing market to earn another $60k after we sold our townhome. + +Edit: Our income was definitely closer to $2000 each month. We saved an average of $800 per month for 4 years = $38k. My employer paid $6k into my 401k and $3k into my HSA. So the $50k saved in 4 years may have been a little misleading + +Edit 2: I do not recommend anyone shutting off their AC/heater. We were just figuring out how to be a married couple and live together/save some money. Either way, we made some fun memories and the suffering is over since we sold the house and moved into a smaller studio apartment. +I’ve been DCA into Bitcoin pretty regularly for a few years, nothing crazy just a few hundred here and there. But that all changed last year when I finally dug deep and realized it’s true power. Against everyone’s advice and some common sense I pulled out my entire 401k and put it into this gift from the Gods. I’ve been trying to spread the word of bitcoin to friends and coworkers but they all looked at me as the guy with the tin foil hat. Once I told and showed them what I had done, I was no longer the guy in the tin foil hat. I was beyond that. But something interesting happened. Over time more and more of them became curious on how I would be so stupid yet so daring and risky. So they finally opened up and actually listened to what bitcoin is all about. + +Im kinda high so I don’t even remember where I was going with this post. But I never looked back after putting it all into bitcoin!! +&#x200B; + +### Ethereum + +2021 was a fantastic year for crypto, in particular Ethereum. Ethereum reigns as **the second-largest blockchain** despite the slew of competition from Binance SC, Solana, Avalanche. But it remains far ahead showcased by various metrics, and there are no signs of slowing down. + +#### Total Value Locked + +[*How to use TVL metrics*](https://medium.com/coinmonks/use-tvl-to-spot-the-next-hot-coin-crypto-market-update-12-28-dbae6020294a) + +Ethereum ended 2021 with a Total Value Locked (TVL) of $153 billion and contains nearly 60% of TVL in crypto. Its nearest competitor Terra (LUNA) TVL, sits at $13.3b with 7% of the market. Despite the hype following emerging L1s they remain far from the king. + +&#x200B; + +https://preview.redd.it/blud071uo4f81.png?width=800&format=png&auto=webp&s=0e54dd093d848d7b55536a6f9daa638799116601 + + + +#### Revenue + +Ethereum showcased impressive revenue in 2021 totaling $10.9b. The nearest L1 was BSC, which edged on $1.0b of revenue. There are four projects on Ethereum that post larger revenue than BSC. (Filecoin, Axie, Opensea, Uniswap) + +Opensea, an NFT marketplace on Ethereum, saw a revenue of $1.5b in 2021 with the emergence of NFTs. + +&#x200B; + +&#x200B; + +https://preview.redd.it/kkgktdovo4f81.png?width=800&format=png&auto=webp&s=0fc1a89d4b528841edba4038faf655798a8dc158 + + + +#### Layer 2s on Ethereum + +Layer 2 protocols are taking traction, benefitting from Ethereum’s **reliability and security**. In the future, Ethereum may be a consensus layer for an extensive array of layer 2s that inherit low gas fees and fast TPS speeds. + +Some top names are Polygon (MATIC), Optimism, Arbitrum, Loopring (LRC), and ZkSync. + +#### Creator Earnings + +Typically, creators on centralized networks like YouTube, Spotify, Etsy, and OnlyFans, only capture a portion of the revenue they create. As the creator economy on Ethereum begins to evolve, many creators will start to see the benefits of capturing a larger percentage of value utilizing a decentralized network. NFTs for artists is a prime example. Ethereum, as a whole, competes with prominent names in creator economies. + +&#x200B; + +https://preview.redd.it/bj90vk8xo4f81.png?width=800&format=png&auto=webp&s=14b7da6a2f6ce455e71cba02cdddbd46535a31c1 + + + +#### Eth Burning and Deflationary Pressures + +EIP — 1559 upgrade has been burned 1.7 million ETH + +at a valuation of $4.6 billion since early Aug 2021. Before EIP-1559, all ETH would remain on the network. Now, supply decreases with every transaction. + +&#x200B; + +https://preview.redd.it/p137lguyo4f81.png?width=800&format=png&auto=webp&s=177950e27231b4b6e071da3636bd78f1faa1757a + + Even though Ethereum remains inflationary, the increasing demand sees days of negative issuance. With ETH continuously being locked away, bought for speculation, and utilized for gas fees, Ethereum’s deflationary pressures will exceed new supply. + +&#x200B; + +https://preview.redd.it/b9548ab0p4f81.png?width=800&format=png&auto=webp&s=33d952ac0f6b1adc67a4015195e051ad01038bfd + +&#x200B; + + + +#### Conclusion + +Ethereum remains far ahead of its competition in almost all metrics. [Moreover, it attracted the highest number of developers in 2021](https://medium.com/coinmonks/electric-capital-developer-report-recap-where-are-the-crypto-developers-going-and-why-its-3855aa5dd1d8) that continue to build the ecosystem. + +There are a few negatives for Ethereum, no doubt. Ethereum is slow, and gas fees are incredibly high. In addition, environmental mandates are beginning to add pressure to the “proof of work” consensus. But, Ethereum contains scheduled upgrades that will improve speed, lower gas fees, and see a switch to an eco-friendly “proof of stake.” Ethereum Consensus Network (formerly Eth 2.0) will be near completion in approximately one year. + +So, what are we left with? + +* The largest and fastest-growing ecosystem in crypto +*  Significant deflationary pressures +* The emergence of Layer 2 options  +*  Dwindling supply +*  Hammered down ETH prices +*  Upcoming improvement upgrades to the network +*  The emergence of creator economy (NFTS, DAOs, music, writers, games) + +[It’s no wonder Cathie Wood and her team of quants forecast an ETH price of 180k by 2030](https://www.nasdaq.com/articles/cathie-wood%3A-ethereum-will-reach-%2420-trillion-market-cap-by-2030). + +2022 will be an important year for [Ethereum upgrades](https://etherworld.co/2021/12/02/ethereums-latest-roadmap/). In the past, upgrades are often delayed and I expect no different this time. But, the process seldom detriments the network. So… + +At its current price of $2680, Ethereum could be a complete steal, **and far as the risk/reward ratio, it remains one of the best crypto investments**. + +&#x200B; + + + +### Gabi + +*Follow me on* [*Medium*](https://medium.com/@TraderGabi) *or subscribe to this FREE daily newsletter on* [*Substack*](https://tradergabi.substack.com/) *to receive it first!* +I would then look at using the money saved to pay off a lump sum when my fix term ends in Nov 2024 ( I think then I don't need to pay an over payment charge) +Hi, so I started an Ltd company earlier this year as a side gig selling some IT consulting work. Thankfully I've done well and I'm expecting to have between 100-150k sitting in the bank by the end of year. + +I would normally consider means of paying myself however as it currently stands I have a full time job and I'm in a high tax bracket. + +Can anyone reccomend things I can do with that money in the meantime? Can I invest with it? If so, how? I'm pretty clued up in investing with personal disposable income. Should I buy property through my Ltd? + +I do also want to resettle abroad, should I look into moving money abroad (legally ofc). + +Thanks ! +Like logins, secret code.. passwords.. +This is all growing and I'm starting to find encrypted notepad on my phone inefficient and unsafe and paper is prone to damage + +There's more and more apps and accounts we are making, for instance a Isa or shares Isa.. +Bank account, savings, nope investing accounts, 5 checking accounts... Online billings accounts, lights water electricity.. Payslips... card details + +I feel like my money is going into these things and in 20 years time I'll probably, forget, lose access to these + +So how do you store relevant information about your accounts? + +EDIT: on second thoughts why is paper not ideal? I have a printed a4 personal journal/diary that is in immaculate condition for the 20 years I've had it. Keep it in a fire proof wallet.. Is that a bad idea??? + +BTW I don't write out my full passwords, I write the beginning of them as reminders for what they could be +Its been 21 months since the Sneeze of GME, and in that time the company has completely transformed itself. From a brick and mortar retailer to an ecommerce company with a renewed focus on collectibles and digital asset ownership. + +The company has raised over a Billion dollars in cash through a stock sale and also boasts a billion dollars in inventory. + +They retired all debt early and have leased a 700,000 square foot distribution warehouse with plans on leasing more warehouse space in the future. + +They have an entire section dedicated to PC gaming including peripherals and individual components, with prices comparable or even below that of amazon. + +They have shut down low performing stores while simultaneously cutting its c-suite bloat, using that money instead as a compensation package for its front line retail workers. + +They have a board of directors who actually *listen* to their shareholders, and a shareholder base who actively communicates their needs to the board. + +Their current negative EPS is a direct result of an increased investment in transforming the company; see RC’s Chewy interview for his philosophy on growing a business. + +They have not only created a marketplace for buying and selling digital assets, but have also created their own wallet and been partnering with pioneers in the space such as Loopring, IMX, and most recently FTX. + +Their *beta* marketplace did more volume in its first 3 days than coinbase’s marketplace has done in its lifetime. + +The e t h merge has just happened, reducing the energy cost of transactions by 99.8%. + +Investors in GME have Directly Registered 23% of the entire company as of GME’s Q3 10-Q. + +Public short interest currently stands at ~51 million shares or 25% of the float, still extraordinarily high. + +If Gamestop were in real financial trouble they could issue another stock sale, only 300m of the 1bn authorized shares are currently in the market. + + +I’m sure there are a ton of other points I’m missing, but extrapolating from their current cash burn GME won’t be going bankrupt for at least 5 years , and even then they can issue more shares or take on debt to finance the business. +Please be real. I have a family of 3 and I struggle to keep it to $75/ week (and sometimes fail). Feeling so frustrated and curious how everyone else is doing. +John Heinzl is a **pro-dividend investing writer** at The Globe & Mail; their [recent article](https://www.theglobeandmail.com/investing/education/article-five-reasons-dividends-are-an-investors-best-friend/) helps explain what dividend investing is, and what it is not. + +- dividends, in and of itself, does not create any value + +- it rarely works out perfectly that the stock price drops exactly the dividend amount because other factors affect the price, but, the value of the company does drop by the exact amount of the dividend + +- the dividend tax credit is exceptionally good if your taxable income is below $50 000, is good if it is below $100 000, and is worse than capital gains if it is above $100 000 + +- dividends help investors without intrinsic discipline to trade less frequently - trading frequently is bad; by having money coming in during good times and bad there is a reward feedback mechanism that some find psychologically reassuring + +- dividend companies tend to be less volatile and are a poor man's screen for the value factor + +- dividend stocks can have some downside protection in that they are often a refuge in a falling market as high yields attract new buyers + +- dividends as a tilt in a well-balanced portfolio is John's recommended way to play the dividend space + +I do not follow John's advice, but thought it valuable as much for what it leaves out as it includes. There is no mention of the many magical qualities many ascribe to dividends. The main benefits are taxes for some, psychology, and a value tilt. +Did quick math for chart below; assuming max TFSA contribution on Jan 1 of each year since the TFSA was introduced in 2009, assuming you invested the entire balance in the TSX Composite index, your **$63,500** in cumulative contributions would today be **$81,880**. (Would be $121,383 if you got the S&P 500 annual returns rather than the lowly TSX.) + +Curious about massive TFSA success stories; surely there must be some who have eclipsed $1 Million with some big swings. A couple data points a google search turned up: + +* Day trader [amasses](https://business.financialpost.com/personal-finance/tfsa/this-bay-st-trader-managed-to-amass-1-25-million-in-his-tfsa-now-the-taxman-wants-to-know-how) $1.25M TFSA and CRA audites him on basis that he's in the business of trading. (outcome unclear) +* [According to CRA](https://www.moneysense.ca/save/investing/cra-tfsa-accounts-court/), in 2016 \~18,000 of the 13.5M TFSA accts had balances > $100K. (That's only 0.13% of all TFSAs...but still a much higher proportion than I would have guessed.) + +https://preview.redd.it/5ssiz48e4ey31.jpg?width=650&format=pjpg&auto=webp&s=b580fa42521d2bdd71526f176dc2eccfcce9f05f +[https://grizzlyreports.com/Research/WELL%20Report.pdf](https://grizzlyreports.com/Research/WELL%20Report.pdf) + +Haven't heard much about Grizzly Research before, any one know how credible their research is? +26m, my grandmother on my fathers side left me and my brother $60k/each in savings accounts for college only and she passed away when I was 6, father passed away when I was 16 and my mother became the soul owner/person in charge of the accounts and when I was 18 I signed (what at the time I believed to be my administrative or signup papers) for college when they were in fact loan documents. I know I was stupid not to read what I was signing but I believed I could trust my own mother, graduated with a bachelors degree in an IT field and got a rude slap in the face @ 22 years old with collections warning from the loan company of $32k. Holy shit........WHAT!?!? Came to find out my mom had lost both accounts for me and my brother in mostly gambling that she's admitted to. + +I contacted the loan company and found out those documents I signed those years ago were in fact the loan documents so I began paying them down, for Thanksgiving this year, my mother decides to drop another bombshell and claim that theirs another $60k in loans that she's been paying as she co-signed on those to pay for my college.... Massive argument erupts and through the crying and screaming she says that I am the co-signer on some and the main owner on others and she's the co-signer but she claims her minimum payments are > $900/month. + +My question for /r/personalfinance is if I were somehow attached to these loans wouldn't they pull up on my credit reports or in some sort of way through the loan company? The loan company claims that their website pulls the accounts based on social security number so wouldn't one of those 2 ways show me if I'm attached to more loans? I'm asking this because I refuse to speak with my mother and its caused quite a split in the family and I will not believe a single thing she says when it remotely involves money at this point. + +**Edit: The additional loans mentioned by my mother were all made through the same loan company for the full $60k - according to her. +[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/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>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! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [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/) +Looking at my investments, my rental peppery has grown far less than my stocks yet I spent a lot more time worrying about paying taxes and insurance on time and keeping my tenant happy by spending money on maintenance. + +I know stocks had a crazy run up lately but even in normal times, isn't it easier to expose yourself to real estate via the stock market than actually owning real estate? + +&#x200B; + +What am I missing that so many people own properties? It is including me because "common wisdom" is to "buy land"! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +[Ryan Cohen interview](https://youtu.be/uN2Dw8AOdMk) + + +Very rare public appearance of the activist investor - he even discusses his tweets and if they had hidden meanings. What u guys think ? + +Bullish? +I was reading [this](https://www.google.com.au/amp/s/www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/amp/) and heard people say that you should move jobs every few years. Is this true for Australia? I have a pretty good job and have asked for a raise but I'm wondering if it'd be better to just leave after a few years. + +EDIT: I work for a government school in admin and get about $63.5k on an ongoing contract. Was rejected for a raise a couple of weeks ago that most of my colleagues think I should have gotten (I'm a bit bitter). +Just signed up for private health as I'm earing over 90k. Signed up with bupa, for bronze hospital cover and basic extras, total of $54 per fortnight. 26M Single QlD +The stock market is crashing, inflation is at a record 40 year-high, there's a war at the moment between two of the world's major countries, supply chain issues, interest rates are going up, etc... AND while all of this is happening, btc has held its ground at close to 40k as possible for the last couple of months. All time highs is at +60k, and we're staying steady at almost 40k here. If you don't recognize how insane this is, then you must be new and must have joined during this crazy bull market where everything just went up and up. and you weren't here before, you weren't here during the crypto boom in 2017, the crash in 2018 and even before. If you were here from that time, then you understand how lucky we are that btc is still holding its ground and staying this high while everything is going to shit. The fact that it's not worse means we are extremely lucky and we should appreciate this. +Let me start by saying this. I've been here since January. I've been through no less than 2 migrations (in both subs and brokerages). I have seen Apes during FUD attacks, Forum Sliding, Compromised Mods, all of it. And all of that leads me to this point. Without compassion we are no better than the SHFs. + +I get it, I do. These are stock subs. But did we not upvote posts of Apes supporting charities with donations, and giving Switches to children in hospitals? Those were completely unrelated to the Stock and solely related to the humanity of the Ape. + +Apes also upvoted another ape shoving a banana up his ass (looking at you u/rick_of_spades). Sure it was a price target dare, but what did it actually have to do with the Stock? Nothing. It was something funny that we all laughed at (and were a little scarred by). + +The subs even praised Apes who helped out other Apes financially, those posts got thousands of upvotes. I never once saw a comment on those posts saying "get that shit out of here, this has nothing to do with the stock" + +What I'm getting at is that I'm seeing a lot of posts here today saying in so many words "fuck your personal problems, this is a stock sub". It's my humble opinion that this is a FUD effort intended to dehumanize Apes. + +Hell, I'm not saying we should flood any GME sub with our everyday personal problems, but for many Apes, other Apes are like family to them. Apes need to be able to support other Apes in some form or fashion. If that isn't on these subs, then maybe somebody should make a sub for Apes to just hang out in and support each other (Honestly I would do it myself but I have no experience moderating a sub). + +Compassion is truly one of the only things that separates Apes from the SHFs. Sure, Apes want their money. But that's no different than the 1%. What IS different is that Apes care about other people, and don't want to see this corrupt system continue to crush the 99%. + +The 1%, the SHFs, the MSM, they would like nothing better than to paint Apes as inhuman monsters who only care about money. But that isn't what Apes are about. That's the whole reason that Ape together strong. + +Apes can be better than the corrupt. + +Apes NEED to be better. It's the only way to make the world a better place. +After 11 months of total freedom I'm headed back to work next Monday. Fortunately not out of necessity, but out of desire. I'm a little excited to get back to computer programming as I have somewhat missed it. The paycheck and affordable health insurance also don't hurt. However, I'm very comforted by the fact that due to FIRE I know I can quit at any time (of course I didn't tell my future employer any of this) although I have no immediate intention to do so. + +Thanks to FIRE I've been able to take an extended break from working. I know that the more I work the more I will build my savings/investments. Thus the more secure I will be in my financial plan and will even be able to increase my yearly budget. + +For those of you still on the journey, keep at it because once you achieve it, it gives you new freedoms and also reduces the stress of the daily work day. + +Good luck to all. +I've seen many posts like this before so I'm assuming it's kosher. + +Our story: + + +On May 14th, I made a bet with /u/AceBullApe that AMC would finish under $13 the following Friday, which it did. He is obligated to give $1000 to a charitable organization of my choice. + +Archive proof: https://archive.is/Yi1Qz + +He asked until June to get the money together, which is fine, but when I approached him today he immediately deleted most of his recent comments. + +https://www.reddit.com/r/wallstreetbets/comments/npqenw/daily_discussion_thread_for_june_01_2021/h07drfy/?context=3 + +If he simply needed more time that would have been fine. But I do believe he's ducking me. + +Mods? + +#EDIT - PLS DON'T ABUSE THE GUY. HE HAS RESPONDED AND MY CHOICE HAS BEEN MADE. MEALS ON WHEELS WILL RECEIVE THE DONATION SOMETIME THIS MONTH. I WILL ASK HIM FOR PROOF BY JULY. + +--- + +#EDIT 2 - June 10th - AceBullApe has informed me he has been banned. I assume because he vowed to never post anything with "Metadata" which would include screenshots for proof of bet fulfillment. I think he's a paranoid weirdo and this is unfortunate. But rules is rules. +Perhaps a hot take, but I’m having a difficult time seeing a consistent rate of return on a raw number scale. + +The logical conclusion of index funds always being successful is dealing with exponential growth that is ‘expected by investors’ to reach and break through the quadrillions. + +Unless I’m missing something, is there not a point in which there is simply not enough money to support the new 7% expectation? + +For instance right now $2.2 trillion would have to be invested into all of the S&P500 to meet the average of 7%. But in 50 years, if the market cap were $1.04 quadrillion as expected, it would take $65 trillion to maintain the same effect. + +Assuming inflation in the US is stable around where it is now, consumers and perhaps even companies wouldn’t be able to invest enough to build the 7% return that they initially invested for, given that the requirement for it is exponentially growing. + +(Market cap calculations used for 50 years out is multiplying by 29.45, which is 1.07^50) +Hi everyone, + +We're going to try something a bit different for the article of the week series for a bit. Rather than running the monthly nominations thread, we're just going to look at the top paper submitted to /r/econpapers the previous week, and use that. + +There are basically two reasons for this: + +1.) We'd like to promote /r/econpapers a bit - it's a great subreddit that is looking for more activity! +2.) I don't think that I've done a great job of running the nominations thread - it's just a little bit too inactive. We only usually get about the 4 submissions we would need to make the week. It's also means that we can sometime get into trouble - I forget to post it one week, which means we don't have something ready to go the next week. I'm hoping that this will mean we always have a good 'default' paper ready to go, with a little bit of conversation ready to seed it. + +We'll see how this works, and are always interested in your suggestions. + +*** + +[Paper](http://www.frbsf.org/economic-research/files/wp2013-08.pdf) + +Abstract: + +> We introduce a model of monetary policy with downward nominal wage rigidities and show that both the slope and curvature of the Phillips curve depend on the level of inflation and the extent of downward nominal wage rigidities. This is true for the both the long-run and the short-run Phillips curve. Comparing simulation results from the model with data on U.S. wage patterns, we show that downward nominal wage rigidities likely have played a role in shaping the dynamics of unemployment and wage growth during the last three recessions and subsequent recoveries. + +[Discussion at /r/econpapers](http://www.reddit.com/r/EconPapers/comments/32fqad/downward_nominal_wage_rigidities_bend_the/) +Mocktail Token is the first semi-fungible token of MocktailSwap. Mocktail Finance is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault compounding, lending and yield generation for maximum returns. + +In very simple terms, why would we want to drive a slower car that costs more to run? We're all about gamification, so we want to maximize the feedback loop of earning, staking, and earning again: BSC's superior speed and much (much much) lower transaction fees let us do this. +While BSC might not have the level of adoption Ethereum does at current, we believe in Binance’s ability and drive to get it mighty close in the foreseeable future. + +Full Site Rework + +New homepage + +Personal dashboard + +Improved UX + +Faster site + +Mobile friendly + +New navigation system + +MOK Staking + +MOK Staking + +Core Pools + +Community Pools: Host BSC community project Pools, support with 0.1-0.2x MOK farms + +Other Future Products + +Voting (core feature) + +IFO (Initial Farm Offering): Raise funds for your project in MOK-BNB LP tokens. After redeeming the LP tokens, the BNB is distributed to the project and the MOK is burned. + +Analytics (core feature) + +Lending & Borrowing: Lend and borrow BSC and LP tokens - MOK provides rate discount + +Margin Trading: Trade BSC tokens with leverage on-chain — periodic MOK buyback and burn + +NFT Ecosystem: Mint, trade, and more — all paid in MOK First NFT round + +NFT-based Gamification: Complete tasks, level up etc. to earn NFTs — use MOK to mint + +Binary Options + +Fixed-term Staking + +Customizable User Profile + +https://mocktailswap.finance +If you needed any more confirmation that the enemy is on the ropes look no further than the sudden drastic change across Mainstream financial media outlets regarding Cohen and BBBY today. + +Outright lies. Those of us who have been in the GME play from the beginning know not to trust any of them, that they are puppets for their masters and purposefully mislead the general public about GME in myriad ways. + +But what happened today is on a whole new level. We had articles straight stating that Cohen sold his entire BBBY position, which ostensibly in concert with a major bot attack across Reddit and a major short attack on the meme basket, smashed down BBBY and put downward pressure on GME as well. + +So blatantly false headlines moved markets. And it happened in the clear light of day. Those articles, along with the hit piece segment on fast money rife with blatant lies, smearing Cohen’s good name and more or less accusing him of manipulating markets, has me leaning forward in my seat. + +We’re seasoned veterans here, we’ve seen a lot of foul play from a host of bad actors, we’ve learned that CNBC and others take their marching orders from the enemy. + +But we’re at a whole new level in terms of messaging from msm and it’s got me excited apes. To risk careers and reputations, to risk possible jail time, in blatant lies that are easily disproven. Wow. Moass is near, hold onto your butts. +There is very literally nothing that I could see on reddit, other social media platforms, TV, or anywhere else that will have any sway on my decision making wrt my shares. Bring it on, shills. Waste your time on me. + +&#x200B; + +MOASS, sure great fine... but you want to know the real truth? Gamestop has such amazing fundamentals that at this point, I'm buying shares for my kids, future grandkids, and so on. + +We all look back and think, man, I should've gotten in on \[insert blue chip stock\] 15/20 years ago... oh well. + +That time is now with Gamestop. + +Will other stocks in the basket squeeze? Probably... Do I care? No. I'm not here for the squeeze anymore. Looking back on it, I haven't been since June or so. When it does squeeze, will anything change for me? Nope. I'm am 100% zen. + +Never in my life have I ever actually SAVED money... like set it aside, forgot about it (exception 401k). Investing has always been a game for me to make a quick buck. + +We joke about the calculator game: If GME hits this, times my shares... + +&#x200B; + +Those days are gone. I have no plans to ever sell my shares.... ever. I don't NEED this money anyway. I'm putting it away somewhere safe. + +At the end of every pay period, whatever's left in the checking account is going to Computershare. It has for the last 4 weeks, and I will continue doing so until.... .... + +&#x200B; + +.... + +&#x200B; + +TADR: 🦍🍌🍌🍌🍌➡️💻 + +📅❓ +Im engaged with a chinese person and their parents are all about the house. Of course they look at money, prestige, breeding and all that but the hard requirement is having a house in order to marry. + +I know why. Its a good measure of stability thats tried and true if you can play the game (ie be rich) + +That said I am not rich nor am i bank rolled by my parents. + +Im no doctor who does ,modelling and investment banking on the side but my finances are ok. My income is average but my frugality and good financial habits have given me a respectable nest egg given my circumstances. + +Im stable and in the long run I can easily see a decent life. + +That said this hard requirement is messing up my plans. + +Not only is the house a requirement, they are giving me a time limit as well as "a daughters youth is precious" and each passing time is opportunity cost to find someone better. ouch + +I do understand where they are coming from. They love their daughter and they are thinking about the rest of her life. Im sure China's 20yr + booming economy and apparently ubiquitous doctor model investment bankers on social media colors their judgement as well. + +I got a year. + +Im just a little butthurt But I love my fiance dearly and vice versa. She is the greatest thing thats happened to me so im willing to undergo a little inconvenience. + +Heres the thing though, I have a set plan for my finances. Slow and steady growth via aggressive saving and safe-ish investments (index funds). The act of buying a house, even a downpayment is a huge shock to my finances. My girfriend says we can take out a low interest mortage and then rent the house out to pay it but I just really hate the thought of having debt for 10+ years. Philosophically i never even wanted to buy a house nor do I view it as an effective investment (if you arent rich). Another reason is that i dont want to buy now in a market where prices are through the roof in frankly a part of the world I see little value in with overprices property. The very antithesis of buy low and sell high. If it were up to me id much rather buy property in canada or australia as investments. But of course my in laws want to see the house now as proof that i have the means to take care of her little girl. + +So there it is, my slight inconvenience in my FI plans. + +Whats do you guys think? + +Any advice or thoughts? + +What have your in-laws done that have affected your FI plans? +Maxeon Solar Technologies split off from Sunpower a couple years ago, with Maxeon being the global producer and Sunpower being the US producer and distributor. + +Onto the valuation: they have a market cap of about 1b with revenue of 1.2b in 2019, about 900m TTM because of the pandemic (from now on im primarily gonna reference 2019 stats since it seems unfair to use 2020). + +Gross profit improved from -104M to -8.4M 2018-19, net income improved from -603M to -183M. + +They have about 2.1 price to book value. + +The valuations are okay but what really makes the difference here is their products. They make the highest efficiency and lowest degrading solar panels in the world, and are looking to move into the microinverters, energy storage and even services industries in the next few years with a partnership with Enphase Energy. + +As well as this i believe their core panel production business will continue to expand rapidly as it has done, with a CAGR of 28.1% compared to industry’s 19.5%. + +Being in such a quickly growing industry, and the leader in quality, you’d expect them to have a much higher market cap. This is due to them making a loss the past few years, but i believe they’ll soon swing to profitability and see a massive increase in stock price when that happens. + +If you don’t like investing in currently unprofitable companies, try Canadian Solar $CSIQ and JinkoSolar JKS. Both down 45% ish and with low P/e ratios. + +Personally, i’ll be splitting my money relatively evenly between the three to hedge my bets and capitalise on the rapid growth of solar globally regardless. +Looking at the growth of $10,000 over the past 20, 10, 5 year periods, investing in QQQ has handily beaten SPY(S&P 500), VTI (Total Stock Index), VNQ(REIT Index) + +If one has a time horizon of 15-20 years and can stomach the volatility, why not invest a 100% in QQQ? + +I get that the major argument would be diversification, but the numbers are pretty clear. +If you are like me, a large majority of your shares are in an IRA and you are not willing to directly register them now out of fear that you could trigger a taxable event that would also incur a penalty. This brilliant ape, u/[youniversawme](https://www.reddit.com/user/youniversawme/) , [seems to have found a way to DRS your IRA shares with the possibility of not incurring taxes or penalties](https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/). While I would love to do the same, I am not yet confident enough to take the risk of being wrong on that, but that may change soon...like if I became wealthy. + +This is my strategy as to how I will use my IRA to make sure that the least amount of fuckery is going on with the shares that I have purchased in my IRA. + +There has been a lot of debate on whether we should DRS all of our brokerage (non-IRA) shares, or only the ones that we want to be part of the "infinity pool." I paid good money for my shares so I want as many as possible directly registered in my name so they cannot be rehypothecated, etc. + +"BUT YOU CAN'T SELL FROM COMPUTERSHARE RIGHT?" Of course you *can*. + +"BUT YOU SHOULDN'T BECAUSE THEN THE HEDGIES WILL GET THOSE REAL SHARES, SO I WILL ONLY SELL THE ONES THAT I HAVE KEPT WITH MY BROKER(s)." Okay, let's discuss this logic. Side note-- I am completely open to the possibility that I am missing something so I am here to listen. But here is the way I look at it.... + +Think of it like a GaME. Every share we DRS is a point for the good guys. So the inverse of that has to be that every "share" we leave in the DTC is a point for the bad guys. Every point scored gets us that much closer to locking the float and stopping the fuckery. This *is* a zero sum game in this context. So, how is it worse to score points that you may later give back to them *after* you are already kicking the shit out of them than to never score those points in the first place? For example, if we are playing basketball to 21 and the score is 19-19, giving you any points could cost me the game, but if I am up 36 to 2, I can spare a couple points without any risk of losing since I have already won. + +The only argument that I see is that once MOASS is triggered, every share sold from Computershare necessarily unlocks the float since Computershare can only register 100% max of the float. I get that. So, here is where the IRA's can really make a difference. + +When I am selling my brokerage shares from Computershare for millions, the risk of having to pay taxes and penalties on my IRA shares that I directly register will become an increasingly acceptable risk to take. In other words, for every brokerage share I sell, I can DRS at least as many from my IRA following u/ [youniversawme](https://www.reddit.com/user/youniversawme/)'s method. I will DRS as many as they will let me, therefore doing my part to keep the entire float in the hands of the true shareholders. This is the equivalent of having a hose in the pool and turning it on every time the water level drops to get it full again. + +If I am not the only one with this strategy, then there is no need for thinking that Computershare should only be for "infinity pool" shares. + +Sure, it would be great if we could lock the float by only DRS'ing a portion of our shares, but who knows if that is possible, especially given the fact that the bystander effect will always be at play. The most efficient way to deprive the SHF's of their means to naked short is to DRS as much as we can. + +Edit: Ask yourself this...does Kenny want us DRSing 100% of our shares or just the ones we plan to keep forever? + +TLDR: DRS'ing now and later selling from Computershare is better than only DRS'ing just your "infinity pool" shares. During MOASS, it will be okay to sell from Computershare because there will still be a supply of shares in the queue to be DRS'd from IRA's. + +This is not financial advice. I am dum AF and people who know me best would never take advice from me. This is just me ranting about what I want to do. +Posted by the same guy who made the shill list yesterday: zachxbt on Twitter + +# Youtuber List + +This list doesn't include our beloved Bitboy. But his cost has been posted before. + +Out of this list, the only one I have heard is Altcoin Daily with 1.23M subs. + +I never watched any of their video, but shitty youtube algorithm keeps showing it in my Home. Never clicked it though. + +https://preview.redd.it/hxmctsh3cpu81.png?width=1283&format=png&auto=webp&s=d4b7534e1f146f9ee7e3cba1f1def49403d9328b + +# Instagram List + +What can go wrong by following financial advice from an app where people posted selfie in a room where you poop? + +https://preview.redd.it/dohwudq6cpu81.png?width=1283&format=png&auto=webp&s=3540423bf73e046e1dce0bb93a0372b0b9769844 + +# Tiktok List + +If you follow financial advice from Tiktok, I... don't know what to say. + +https://preview.redd.it/hhwhka58cpu81.png?width=1284&format=png&auto=webp&s=b5919722c892b0efd1c3133ef3f99c5b882be944 + +# Conclusion + +Just don't follow these kind of people. Always take everything said in social media with a scoop of salt. +May crude oil futures currently under $5 a barrel. + +[Empty metal 55gal drum](https://www.homedepot.com/p/Vogelzang-55-Gal-Drum-DR55/203630389) trading for $115/barrel + +Buy may oil futures for physical delivery, dump oil in ocean, resell empty barrels for a quick 2000% profit. No way this can go tits up + +edit: oil only $3 a barrel now, this business opportunity getting better by the second + +edit2: NOW [-$1.43/barrel](https://twitter.com/QTRResearch/status/1252298824397344769) (note the negative sign) THE MONEY DOESN'T GET ANY FREER THAN THIS, GET PAID BOTH WAYS +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. +The neighbor is a little crazy but I've never had real issues with him before. He claims that aninals were climbing the tree and jumping onto his porch. One branch may be slightly over his property line but it may not be and is not near his porch. The branches he cut were not branches extending towards his property but were extending the other way providing shade for the large porch of my property. My tenants are understandably pissed and I want to help shield them from excess drama. The tree and the other companion tree have been a selling point in the past and contribute to why i get top of market rent. + +What financial recourse do i have to potentially have the tree removed and replaced at his cost? Or at the very least, have it cleaned up and/or cut down because it is very mangled right now. +So I'm questioning selling my triplex and buying my first big property 5+ units under 10 units. + +I'm just nervous before starting that journey, is it much different? If I have a pm in place will my life change much? + +Does more units mean more cash flow? +What kind of ratios do you look at when evaluating bigger buildings? + +Do you regret it, do you wish you had stuck with smaller plexs? + +Idea is sell my triplex come out with 240k use as down-payment on a 1m+ property, with 5+ units so I get a commercial mortgage and it's not limited to my personal income. +My mom plans to buy a house next year, and she wants me to co-sign the loan. Have in mind that she's a grown adult (54yrs. old) while I'm 18. I will live in the house, but I do plan to move out in my early 20's. I'm even planning to move to Spain, so I don't know how that will impact the loan. As you can guess based on my age, I have NO IDEA what I'm getting into. I want to help her, but I don't know how much do signing will bind me. Any advice/tips would be appreciated.. + + + Edit: I'm at work so I haven't been keeping up with all the comments, but I replied as most as I could. I will not cosign, it is giving away my whole financial life, so I will talk to my mom today and I WILL change her mind. I don't want her to have the mindset of a person who can just play around with money and loans. Thank you, everyone :) You've all explained more than any simple article or blog could. + + Edit #2: Now that I talked to my mom, she's decided to say that I'm insulting her by telling her she can't afford a house, that other family members (my cousins and aunts) have done what we've done, and that everything has gone right. That the only person who will fuck up my credit is my bf (she says that because he's been having monetary issues lately, since he was unemployed for a month and now has to catch up on rent), and that she wasn't even planning on buying here in Miami, but up north. She didn't even consider the fact that I'm going to college here in Miami, that I cannot and will not transfer to a university up north in Florida, which are usually private or super expensive. I'm in college because Financial Aid covers all of my classes, or else I would not be able to go.. And she says I should leave, that I won't help her, and I feel so lost because I can't even live by myself, I don't have a car, I can't handle growing up by myself, and I feel guilty for thinking that I can just move out with my boyfriend because he has monetary issues, and they'll fall on me like my mom says. Now all she'll do is shit talk about me to my whole family, and I'll just be a broke soul living in a soul eating city. I'll talk to my friends as soon as they're available, and I'll see what I can do and what I have to do. +I’m going back to the full-time work force after two years off. I left my last job because my mental health became untenable and I also felt what I was doing was unethical (nothing serious). Previous to this I’ve had a successful and balanced 10+ year career. Also have a master’s and about to do a Grad Cert in Management week nights. + +These past two years I put my health back together and better, have done some light consulting work, and written the first draft of a novel (!) + +It’s time to be adulting again and leave my parents in peace but I don’t want to mention health in my resume, nor fiction writing. I feel these are hard to quantify. I also don’t want to lie heavily about my consulting work in case examples or referees are requested. + +Corona is terrible for everything but I’m very fortunate in that I still see a good stream of jobs advertised in my field. + +What are people’s thoughts? Is it a big deal to have a gap or do recruiters not care if you simply fulfil requirements? I could say I took a sabbatical to pursue projects but it seems so vague. + +Cheers! + +Edit: Spelling +http://qz.com/487013/this-game-will-show-you-just-how-foolish-it-is-to-sell-stocks-right-now/ + +Hat tip to @M_C_Klein on twitter. + +FYI, you **sell** first and buy second. That tripped me up and ruined my results. +What's a good work/life/study finance balance? I've been trying to keep up, but especially with this volatility, it can be tough. Yes I don't want to make a ton of moves when it's volatile, but I'd like to understand it better. What kind of time do you devote to this stuff? +I bought CAT today at $222. I am planning on holding forever really. They have an excellent dividend. I am also encouraged by the support for their industry slowing winding its way through Congress. I have just never spent this much money at one time on shares in my trading account. I used money already made from other trades so I didn’t break the bank buying. We never know what stocks will do but I am having some buyers remorse. + +Edit: I also hold SCHD, SPYD, VYM, OKE, SCHY for other dividends. +I see a lot of index purchases and a lot of safe calls for companies like MSFT and AAPL but I don't see many people talking about ORC or NLY. Is there a reason besides fed rate hikes causing equity volatility? I just feel like the DRIP is so high on these it's hard to not invest heavily. + +CSCO gives 3.26% +ABBV gives 3.86% +PAA gives 6.47% +NLY gives 12.61% +ORC gives 26.71% + +Just seems like a no brainer. What am I missing? +Hello, I'm 29 and I'm finally at a stage where I can start putting down some money for investments. + +My background: I do not plan to take out money for 10+ or 20+ years once I buy any stocks. I am fine to lose 100% of the money I put in (because I know given enough time they can bounce back). I plan to invest money to only reliable and well established companies or index funds / ETFs. I know the concept of DRIP. I understand the 4% rule that roughly goes something like your net worth x 4% >= living costs => then you can retire. + +I'm in Canada and will be investing in Canada / US firms. I understand that there will be 15% tax withholding for US dividends even if I'm using TFSA accounts. + +I'm going to use the term "growth-focused" for the stocks that use their earnings into their own R&D and stuff rather than paying dividends. + +==== + +I basically would want to be able to use the earnings from the stocks in 10+ years or 15 or whatever, but when the time comes I don't really want to sell my shares. I would feel that I will be losing my net worth if I had to sell any shares to realise the gains. + +Some posts suggested for younger people like me I should just focus on buying growth stock now to accumulate the net worth first, and then gradually transition to buying dividends / bonds? (maybe this is wrong, based on the beginner guide here, but I kind of agree that companies' values will go up more if the money was spent on R&D rather than paying back to investors) + +But even then I would have to sell my growth focused stocks to buy dividends / bonds when I am trying to switch from growth focused to dividend stocks / bonds. Is this how people do? + +If I were to buy dividend stocks now to avoid selling them in 10+ years, I might be losing the opportunities that growth stocks could give in the longer term (I understand the growth can never be "guaranteed", but I feel this is pretty fair to assume given long time horizon). + +Does anyone feel like me? Or am I being dumb to think that "it feels wrong to sell growth-focused shares" even after waiting for long enough (10+ years) time? Do people NEVER sell any shares until they truly can retire with the 4% rule? + +Maybe that's main reason people invest in dividend stocks, but I'm also worried that I may be missing BIG opportunities. + +I've read "Welcome to r/dividends \[NEW USERS/BEGINNER INVESTORS START HERE\]" and that was a great read, but would like to learn what people think about my perspective. + +I'm sorry if this was asked before. I'm new to investing so please explain in easy terms. Thanks in advance!! + +Edit: Some grammars + +Edit 2: My first time reward!! Thank you kind stranger. Also I really appreciate the comments from everyone! +Hi, I graduated from college and started working as an UI Designer in June. I have been putting 15% into my 401k, and $250 a paycheck into my Roth IRA. I have been keeping my 401k investment as the Fidelity 2060 Retirement Index. + +In my Roth I currently have VOO as about 50%, and the rest evenly in QQQ, O, and SCHD. Are there any other stocks you recommend? I have been seeing JEPI a lot on here. + +I do have some more cash, would buying dividend stocks in a traditional account be a good idea? + +Any suggestions and ideas are more than welcome. Thank you. +Eventually I hope to get to a point to where I can invest around 4000 a month, and I have a few ideas what I'll be going for, but I am curious on what everyone else would get, to give me ideas for possible research for potential other options. +Over the past 12 months I've spent $22,749. That is 0.5% higher than the previous 12 months, when I spent $22,631. So for me, inflation hasn't had a huge impact. + +The biggest drivers for me were groceries (up 13%), and pet expenses (down because my dog got sick last year but not this year). I own my house, so no rent hikes. + +With all the talk about inflation, I'm curious how it's impacting other people in this community. What was the change in your spending this year vs last? And what were the biggest drivers? +I split up with my partner about 6 months ago and we have a house together. I want to either move out, sell the house, or buy her out but she said she wants to stay in the property. She couldn't afford to keep the property on her own or buy me out and I know the bank wouldn't make her the sole owner. + +The mortgage stands at £68,000 and the property is valued at £95,000 if that makes any difference. + +What are my options? I've spoken to a solicitor who gave me general advice on the three options above but after speaking to my ex I feel I am no further forward. + +We aren't married. We own 50/50 of the property. +A lot of you like to gloat on us newbies that you are a 2017-18 vet, and you have experience watching your holdings halve. + +We have joined your little club now. I can’t wait to gloat on the next set of newbies on the next bullrun. I can’t wait to post stuff like “Take it from a 2021 veteran...”. + +Hodling as always. +I specialize in pricing. Give me a price and specs on anything from a pencil to a space shuttle – I’ll know if there is value in that deal. + +When I buy anything at all (above a few dollars), I find the best deal available. It gives me satisfaction. Maybe it stems from my primordial hunting instincts. Maybe it originates from the total scarcity of my birthplace. Maybe I just don’t want to want to feel like a Mugu. + +I’ve been researching and trading stocks, futures, and FX for the past 26 years. I spent the last few weeks diving into options. After reading lots of posts in this group I found some intriguing DD. However, I feel that most people here are looking for ideas and guidance. + +\------------------------------------------- + +Here’s the framework I came up with (I will use SPY as a key index due to its popularity): + +Even before the COVID-19 crisis, the markets were significantly overpriced. At the current level (about 261), SPY is still greatly overpriced, even after a 22% downward correction. That is due to both the pandemic and pre-existing conditions. + +I believe that the market is due for another major correction of at least 30%, which will put the SPY in the low to mid-180s. The timeframe for this correction is about 6-8 weeks. I base this analysis on the following: + +https://preview.redd.it/slawy6t1g5p41.png?width=1596&format=png&auto=webp&s=059650b4cedab876d16a2b7e8debd5146f127cf4 + +To keep track of progress, I came up with the term “Economy Reality Check Score” (ERCS). It is calculated by adding up all the scores and dividing by the number of indicators. + +# ERCS (03/27/2020) = 18/15 = 1.2 + +The score of 1.2 is as bearish as it gets. All my positions are currently short. When ERCS goes into the 3-4 range, I am planning to move into cash. When and only when the ERCS goes above 4, I would consider starting accumulating long positions. + +Questions and comments are welcomed. If I receive positive feedback, I will release my thoughts on corporate bonds, corporate debt, oil and other plays I am currently actively working on. + +TL;DR + +Currently, I am holding/purchasing puts in SPY (May/Jun/Jul), largest cruise companies (May/Jun), largest casinos (May/Jun). More plays are in active research. +Hi there! + +I've recently gotten a job offer which would sponsor my visa and help me to relocate to London. +While this is an amazing opportunity, I'm quite unsure how expensive life in London actually is and whether the salary I was offered would be enough to cover all the expenses for somebody relocating and renting a place. + +The offer was 50k GBP gross; which should end up about 3k GBP monthly after taxes (used an online calculator, is this correct?) + +Is this enough to live comfortably in London? Looked at some rentals, and the prices honestly seem ludicrous (2k and above). I might've been looking at the wrong places, but if those prices are realistic I'd be left with about 1k monthly (before bills?). + +Could use any and all information which would help me make an informed decision. + +Thanks in advance! +Hi guys, I've just saved £5,000 in a year, on a £22k salary, paying £800ishpm on rent in London and with no help from my parents. Was wondering what anyone else's savings goals are - and how they're going about saving money? Budgeting, apps, that kind of thing. Would be good to share savings tips + +EDIT! I wrote about how I did it for the i paper. Here's the link if you're interested: [http://inews.co.uk/inews-lifestyle/money/how-i-saved-5000-in-one-year-on-a-22000-salary-in-london/](http://inews.co.uk/inews-lifestyle/money/how-i-saved-5000-in-one-year-on-a-22000-salary-in-london/) +Is this still a bear market? Is it a fucked bull market? What is even going on? When searching for possible reasons as to why it’s happening, most sources seem to suggest that it’s due to the uncertainty around a new covid variant. But wasn’t this kind of danger/threat always present? And why is going down „slowly“ compared to a harsher „crash“ like just a few weeks ago? My tactic is to HODL and DCA my coins/tokens anyway so it doesn’t affect me as much I feel, but I’m getting curious as to why my portfolio is seeing mainly red for a while now. +Was reading this other thread on [emergency fund while on holiday](https://www.reddit.com/r/UKPersonalFinance/comments/vagp6c/emergency_fund_money_holidays/) and someone mentioned travel insurance. Reminded me that I'm never quite sure which insurance is worth it & which isn't. + +I think part of the reason I'm hesitant on a lot of policies is that, while stuff is nominally covered, you get the run around when you go to claim. Sites like Trust Pilot are full of reviews like "Great website, 5 stars" or "cheaper than competition, 5 stars" rather than from people who've successfully made claims & you can't necessarily depend on big names either. + +For me, I do have life assurance & contents insurance on the flat; we don't drive but I normally take out full comprehensive if we rent a car (after having gotten stung for repairs when someone else scratched a door in a carpark before). + +I take medical when I get it through work, but the one time I tried to claim they didn't pay out (BUPA). + +But other than that, I normally don't bother with things like extended warranties or travel insurance & just hope I save enough through not paying needless policies that it balances out. + +Know it's probably highly personal, but would be interested in hearing what policies you always take out, what you never bother with & which are in between. +I’m currently in year 12 and I’m considering economics for my future as I enjoy the content. After researching, I’ve heard the employability isn’t great particularly for pure economics roles and the majority end up in banking roles or similar. + +So those who have done a bachelor of economics, was it worth it? What job do you currently have and do you enjoy it? Was the degree enjoyable? How difficult/stressful is it to study/work in economics? What would you do differently if you were to study again? + +Any help is appreciated. +I am sitting here trying to understand and rationalize the market rebound and I have come to the conclusion that I have no idea why the market is trending back upwards. Was there something in particular that can be attributed to the turnaround? Just not sure where all the current resilience and market confidence is coming from. + +I have been hesitant ever since it was signaled that there would be an announcement from the White House on how they wanted to “enforce rules around crypto as a matter of national security”. I’m sure this announcement will be something close to what India has done with their 30% but there is no way to know. +I’ve been freelancing as a science writer as a side hustle for about a year now. I started off charging around $20/h on Upwork. After paying their 20% fee and then setting aside another 30% for taxes, there wasn’t much leftover. Also my clients were often inexperienced and sometimes rather demanding/unprofessional. + +After a few months I was getting a lot of gigs but not making that much money. So I decided to start gradually increasing my rates to see how high I could go without losing all my potential business. Most of my old clients couldn’t accommodate the higher rates, but I was quickly contacted by others who were more than willing to meet my price. I’m now up to $45/h and still getting plenty of work. Plus my clients are often larger companies that are more reliable and offer longer-term assignments. The work I’m doing now is more interesting to me and the money is actually enough to make a difference in my budget. I think the higher rates make me seem more confident in my skills so people are willing to pay for more my experience. Moral of the story is don’t under-sell yourself, you’re worth more than you think! + +Edit: For those who are asking what exactly a science writer does, basically I’m helping companies write about science in a way that’s accurate and also understandable to a general audience. For example I did some work for one of the big genetic sequencing companies to explain some basic concepts on DNA and heredity. I’m a scientist as my day job so it fits in nicely with my expertise. The [CASW](http://casw.org/casw/guide-careers-science-writing) website has lots of info for anyone who wants to learn more about science writing! +I really don't know where to begin. I have so far picked one company but that is just because I already knew about it. I don't come across these ones on a daily basis otherwise. + +They say you should diversify your portfolio so wondering what else I can look to, what areas etc. + +I (generally) want to invest only in things that I feel align with my values. Feels better than just 'wacking it' into some general fund. + +Maybe electrical car technology, what else? I am also vegan so stuff based around that emerging industry would be good too. +Wouldn’t it be nice to have a thread where we could stay up to date on up and coming news that could possibly affect stock volume and price momentum? + +Instead of everyone doing the dirty and monotonous job for themselves we can all do our little part and contribute our findings on imminent earnings, possible dates for press releases and press conferences, offerings, FDA approvals, new products, etc. + +Would be nice if everyone tries to post news whilst staying objective without trying to pump their bags. + +Lets give it a try shall we? + +1,2,3,4 Go! +&#x200B; + +Someone has tried to pull a sneaky. + +The first thing you need to know is that this post will attempted to be posted various places. In each, the wording will differ. Reason: I want engagement from as many different places as possible, I don’t care about what causes these groups support, or don’t support, my bigger interest is in truth. So the more different people tear into this, critique it, and if possible destroy it, good. + +I’ve created an account just so I can make this comment, I’ve clowned for stupid karma. I wrote speaking on topics just to get fake points that allowed me to speak. Would have been here sooner but then, that wasn’t enough, so there was more hoops to jump through. But with some help, here I am. + +Ever since this whole debacle I’ve been watching the chart. I heard rumor of you, on exactly the 21st of January, 2021. I turned on reddit, and what do you know, some little stock is in a short squeeze. I knew little about stocks, so I turned on the chart. It certainly had, exploded in price I mean. I turned off the chart. Got back to browsing reddit, then back to life. + +I have no skills in stock to speak of, in fact the only relevant skill I have for today’s discussion is art. Traditional, pen and paint on paper. + +And for some reason. That stupid chart wouldn’t let go of me. I kept staring at it. Opening it up, then closing it. Coming back months later. Doing the same. From an artistic point, something... was off. In nature, things are random. In fact, one of the jobs of an artist is often times cleaning this bit up. Organizing. Nature is often times great for inspiration, but sloppy in its presentation. You have to remove, some grit, brighten up some color, hiding some of the things that look like shit, or is shit, etc. + +So the problem I kept finding, while looking at the Gamestop’s stock chart, it didn’t have enough of that. I had seen stock charts before. I had invested, tracked some. And this one was... wrong. I couldn’t pin it down. I didn’t know why, I didn’t know how, but something, something wasn’t right. And I’ve been thinking the same ever since. + +That is until two weeks ago. + +Knowing I have a limited amount of time to catch your attention, Exhibit A: + +https://preview.redd.it/2hrx8ipll0u91.png?width=1920&format=png&auto=webp&s=15f922c5e775362f23287ae1c6f6ad2b6f4e787f + +I think many of us have looked at this chart and seen something doesn't look quite right + +This is Google's chart for Gamestop. additionally I plotted out the entire Gamestop stock chart since the beginning of January, 2021 with an excel clone to get a better look at it. + +Observe the following data (data taken from historic data provided by yahoo), and the highlighted dates. + +Beginning on 29 January, 2021, Exhibit B + +&#x200B; + +https://preview.redd.it/51ume01pl0u91.png?width=1920&format=png&auto=webp&s=1cd1d1dd27365915c44a7936addbb527e7e171f2 + +If we compare the graph above to the original Google chart something changes in the comparison: + +https://preview.redd.it/pnnfyg3vl0u91.png?width=1920&format=png&auto=webp&s=2902ce8f9b894fe999a3cd9ec16bafaa7c3e2f89 + +&#x200B; + +https://preview.redd.it/0lsmu2kwl0u91.png?width=1920&format=png&auto=webp&s=56645d1e6f9240b8c9f215032f83a07e74a58032 + +&#x200B; + +https://preview.redd.it/3xli9ymxl0u91.png?width=1920&format=png&auto=webp&s=7218c84b34d46ffd8429fbed4002d48aab011b15 + +&#x200B; + +https://preview.redd.it/46wew89qn0u91.png?width=1920&format=png&auto=webp&s=6bb2b320ecaf19e404c15f3ed589498d8a98763f + +Notice in the following charts how the date perfectly aligns with a peak + +March 12, hits a peak + +But then June 4, the date is once again directly over a peak + +19 November, again directly on top of it + +Why, were Google's dates off? + +Unlike when I plotted the data points, those specific dates were lining up exactly with the peak instead of off center. When I charted them, those dates fell directly before the peak in the latter two times. Why were they like this when I plotted it out? + +Simple, Google compresses the chart, it doesn't have room to account for every single day, so in its chart, each plotted point lands on a Friday. Or put in other words, it only puts the closing price for the close of each week. SO every Friday, the closing price is listed for each week. + +Google's chart is a weekly chart. + +So, you know how I said something wasn't right with Gamestop's stock chart? + +Seeing the discrepancy between Google's chart and mine, I started looking at those dates. In fact I looked at them almost as often as I did the chart. + +\*29 January 2021\* 12 March 2021\* June 4 2021 \* 19 November 2021\* + +To skip to the good part, allow me to suggest a website. + +[https://www.timeanddate.com/date/duration.html](https://www.timeanddate.com/date/duration.html) + +This little website counts the number of days between dates. I suggest you all go to it and do the following: + +For start date put in the first date: 29 January 2021 + +Then for end date place in the second date: 12 March 2021 + +Hit calculate duration. 42 days counted. Nothing special about that. But click the button that says "Count only workdays" + +Under this new setting a new count appears. + +But you'll need to do an additional step: Next to where it says exclude, click where it says "Weekends and public holidays", change it to select to exclude only “weekends” + +The new count: 30 days + +Again this is nothing special. What comes next is. + +If you enter in the next date. Counting the days between the next two days 12 March 2021- 4 June 2021, and once again exclude only weekends instead of both public holidays and weekends + +:60 days + +Following the same process with the next two dates, 4 June 2021- 19 November 2021 + +:120 days + +You can count them by hand if you want. You see, Gamestop's stock, like Google's chart, is a weekly stock. It is moving by weeks. + +Precisely 6 weeks (30 days/5 week days each week) after 29 January 2021, March 12 2021 occurs and Gamestop stock goes up, 12 weeks (60 days/ 5 week days each week) after March 12 2021 on 4 June 2021 Gamestop's stock price goes up. 24 weeks weeks later on 19 November Gamestop's stock goes up. + +Now I have a confession in regards to you. I lied. I used the title to catch your attention. I, am, a, trained artist. I don't know anything about algorithms. But I do know that if there is a cycle happening, that is doubling in length each time, the projecting the next date assuming it continues- 120 days doubled= 240 weekdays. 240 Weekdays from November 19, 2021 is Friday 21 October 2022. + +NOW LISTEN. I AM NOT SAYING THE STOCK IS GOING TO GO UP IN PRICE ON 21 October 2022. + +AGAIN. I AM NOT SAYING THE PRICE IS GOING TO RISE! + +There is more to this story. + +The Graphic Arts have more to say: + +Look at this Picture: + +https://preview.redd.it/xmivl845m0u91.png?width=1920&format=png&auto=webp&s=1270cd90c84580c3ff2c70a09396a18d4a687f6e + +ACTUALLY RUN YOUR EYEBALLS OVER IT + +Go back to your yesteryears, think of blocks, look for shapes. + +I am running out of time, and stamina is fading. + +&#x200B; + +https://preview.redd.it/k6vhce59m0u91.png?width=1920&format=png&auto=webp&s=125ae67d8004c053dface409ccf40ec0ce56d954 + +IF this is a algorithm, if that is what this is, it is in fact leaving a signature + +And this signature is cutting off the tail off the chart each time, while elongating other portions. + +I have this technically laid out elsewhere, with math for slopes of lines, and the angles of rebound. But I am an artist and that's not my strengths and I’m only starting to dig in to it. I am running out of time, and we're running out of time to observe. If correct, this restarts again after next Friday, 21 October 2022. + +Here look at some art. + +&#x200B; + +https://preview.redd.it/5pi7rayam0u91.png?width=1920&format=png&auto=webp&s=74a8d93b88213efe9bf95f26a2b041e662d35efc + +Yes that is microsoft paint, I'M A PHYSICAL MEDIA ARTIST + +I picked out the most obvious and easiest to demonstrate, but they show up in every cycle, each shape that's not cutoff at the tail end of the chart. I have estimates where these portions surface in both previous and later cycles. As well as more key movements that occur in each. One of the easiest portions to convey for a demonstration, is this: Look at GME’s stock chart. If you look at the price drop circled in red- these represent the same movement in the cycle each time. These are analogous to each other. + +The first drop, happens with three weekdays in between it, the peak of 29 January 2021 and 4 February 2021 the drop. + +The next time it happens, it doubles equaling 6 days, +1, for a total of seven weekdays between the peak of 12 March 2021 and the drop of 24 March 2021. + +The next peak, which does not align with June 4, but is still in the same cycle because again remember the cycles end on Fridays for our purposes: June 9, 2021 is the peak price, falling within the bounds of the cycle, to the drop of 21 June 2021= the same 6+1= a total of 7 week days in between. + +The final documented, with a peak on 22 November 2021 to the drop on 13 December 2021 = 13 total weekdays, or 6 doubled again to equal 12+1 additional day. + +Now the dates don’t always align so neatly, and its not a simple doubling the adding 1. Then stall. Then double and add 1 again. With the elongation and cutting of the chart, the relationship is more... convoluted, and perhaps not consistent at all. Again I’m still crunching the math portion. + +But the above example is something you can have a crack at and check for yourself. Go to an expanded chart of GME that measures closing price per day, and count the number of days between the dates given =29 January 2021, 12 March 2021, 9 June 2021, 22 November 2021 and then count to the above circled dips. You’ll see the doubling plus one pattern. + +And now roughly to demonstrate where the tail is getting chopped off each time the cycles that end on Fridays. APPROXIMATELY EACH PORTION INSIDE THE RED BOX DOES NOT SHOW UP IN THE NEXT CYCLE. + +&#x200B; + +https://preview.redd.it/y68ckxobo0u91.png?width=1920&format=png&auto=webp&s=12bd161ae72b509ac1fd7aa396a2846683efe27f + +Rough estimate based on previous estimates elsewhere, chop size is trippling/doubling? + +Anyway. Maybe more to come. + +&#x200B; + +&#x200B; + +Here's the Too Long Didn't Read: **TLDR:** + +**- Starting 29 January 2021 the stock looks like it repeats a cycle, 6 weeks or 30 weekdays.** + +**- The cycle then restarts 12 March 2021.** + +**-It doubles in length and lasts 12 weeks, or 60 weekdays, ending on 4 June 2021** + +**- Restarts and doubles again to 24 weeks or 120 weekdays, ending on 19 November 2021** + +**- The chart's cycle ends next for the week Friday October 21 2022, next week when it may in fact restart** + +**- THAT DOES NOT MEAN THE STOCK WILL RISE!** + +**- BECAUSE the tail end of the chart gets cuttoff each time, which I have not proven here but may attempt later** + +&#x200B; + +PS. + +If this is right, which I'm sure the doubling of weeks is. I've checked it over and over. If, IF, it continues, that means the cycle restarts after the week of October 21 2022. It also means that if it continues the trend, it does not end again until 23 August 2024. Remember the cycle always ends for our purposes on a Friday. + +That is approximately in two years, from now. + +I am returning this information to a community. This community in has been free in giving information. + +I was tempted not to share this. I thought information might cause panic, that people might attempt to get better positions. That worries me. For more than a few reasons. + +Some being, I do not know if the cycle will repeat. I do not know what this information means, only that I have observed it, that I may be misrepresenting it. + +It could also be, that whatever is causing this cycle, if it is one, will change. + +However, I think a large part of why many of us are here is because of what lack of transparency has brought us. Because we are sick of it not existing. + +We are sick of a lot of things. Sick of the dark. Sick of people existing in it. Sick of the plague that is world financial systems. + +People all over the world. Sick. + +And there is a risk some people might use this information, take it farther than I have, and there will be a choice to use it to cure your own personal sickness. Your own financial woes. + +We all have one. And after what a lot of us have lived through. We can not blame the ones who do. + +After all, we've all lived closer to them, than the lives of those at the top. The peeping eyes that peer down. + +Each and everyone of us will have to make a choice. It will be an individual one when, and if it comes. + +And it is an if, nothing is certain. The odds are great, and too many various things can play out. + +I think many thought this would be a battle against a financial system, and instead many have instead received a war. Something they weren’t or aren’t sure they can stand up to. Some might make the choice that this isn’t their fight, like revolutions before. And who can blame them, a lot of you yourselves have pointed out the opponent we faced is multipronged, governments around the world of facilitated powers, different oppositional arms coming up with the very infrastructure facing against us. Few there are, if any who wouldn’t feel discouraged against such a power. + +The people they’ve already tread over, the amount of wealth at their disposal to try to outlast you. + +But I suppose that is again all revolutions. Political or economical. I look at some of the faces in the world standing up to power, across different continents. And I think of the joy I feel. Not because of the conditions these people are facing off against, I shudder at that, but the conditions they are standing up for. The things these people are hoping, dreaming, willing to persevere for. Those conditions they want to see birthed into the world. And how the things they’re fighting against are unfair enough they should never have come to begin in this world. + +So, as of today, this is my part. One single person. Standing, fighting for not what is, but for what I want to come. + +I for one being a believer in Directly Registering your Shares. Taking your stocks out of the system entirely. Listening to Dr. Susan Trimbath, and so far believing her when she says it takes it out of that hideous machine, that gluttony that is ruining the world, destroying livelihoods. That ilk and haunt that is banks, those puppets "Market Makers" and their sidearm, theft. Those of the eyes of the peepers who look down at us, and think our place is in the dark, blind, shuffling about, our place seemingly appropriate to them somewhere under their feet. + +Its our choice, in the face of all that, to choose to share a little light. + +Here's to a collection of light. And those of you who decide to hold out with me for a universal cure. + +Regards, + +An Artist + +Anyone good with math or algorithms hit me up. I may or may not be around, preferring anonymity +Hi all, a bit new to the FIRE community but currently assessing my options regarding whether I should stick out my current line of work for the stellar public-sector retirement benefits (which would help my FIRE plans immensely). + + +Right now I'm an engineer with the federal government - more specifically, with the State Department. I'm also in the Foreign Service, which means I'm fortunate enough to be covered under FSPS. Basically this means that if I stick around until I turn 50, I'll get a full pension (~34% of my high-3, which would probably be ~$50k/year in today's dollars) + retiree health benefits (+ SS supplemental, although I'm assuming that'll go away soon). + + +Sounds great, right? The problem is that I think I'm burning out on the Foreign Service lifestyle. Part of that is the frequent moves which have started to go from exciting to exhausting (you're changing jobs AND moving every couple of years), not to mention the lack of support for spousal careers. I've managed to mitigate this by staying state-side (DC area) for the past few years, but I won't be able to do that forever - I'm allotted six years max before I have to either move overseas again or quit. My current assignment is probably not helping - I'm traveling internationally 50%+, usually on very short notice. It's lucrative (I get tons of overtime) but it's also tiring and very hard to get other things in my life done when I'm on the road that much. + + +My original escape plan was to just find a regular non-Foreign Service federal job; I would have to switch to FERS which bumps my retirement eligibility out several years but would otherwise allow me to keep my existing benefits. Unfortunately I've been trying this route for over a year now with no luck. As those who have worked in the Federal Government are probably aware, USAJobs is pretty much just a black hole, and there's not really a shortcut around it (I'm also excepted service, which makes things harder - no competitive status to lean on). The current administration has not helped either - federal opportunities (including internal hires) have seriously dried up since January. + + +Any thoughts? My family has suggested sticking it out a bit longer, maybe till the next administration if I can find a way to do it. I've considered going the contractor route, I could probably get a match or very slight bump on salary but would lose a lot else (that sweet pension obviously, but I also lose job stability + all the other fed benefits). I know money's not everything, but that pension is a lot of cash to walk away from. + + +FWIW I've been in 7 years so I still have 13 years till I'm eligible to retire. Also my wife and I are DINKs in our late 30s, no debt other than a mortgage, currently have ~$250k in retirement savings between the two of us (we were a bit behind on 401k savings, but are now maxing out our accounts). The wife is on board with FIRE, although we're not looking to retire super-early (50s most likely - I'm more interested in the FI side of FIRE). +UPDATE: as of opening, I am now down 20%. Let's goooo! +UPDATE 2: Almost midday, we down bad guys + +I could have gained an easy 3.5k+ on my small account since February. I started with around 1k. However my dumbass just never takes profit. I'm up on a position like 25-35%+ in a day or two after opening them, but I'm always too greedy and never take profits and end up losing money. + +I rack like $50-75 in day easy with an investment of less than $300, but no. I want to be a millionaire tomorrow. + +Starting tomorrow I promise i will take profits and see how much my account grows in one month. + +Question: I bought an amd call today exp 7/09 strike 96 bought at 1.03 and are currently 1.42 im up already 37% should I hold considering i have another week? This is my main problem, I open positions and then a couple days later I'm up over 30% however DTE are over 21 days, usually a month out +Do I hold the option a bit longer or just sell it. This is probably why i don't take profits because im up nicely yet I still have a lot of time left. +One of the oft repeated mantras on /r/investing is to never time the market and that the way to wealth is to DCA into bear markets. I have seen quite a few posts around here that are asking about alternative investment plans. Some are sensible, some .. not so much.I wanted to see if people practice what they preach, so are you still dollar cost averaging into this bear market?  + +[https://forms.gle/J1fJRruJWnYc8jgB9](https://forms.gle/J1fJRruJWnYc8jgB9) + +You can view responses from other people after answering. +I'm posting my (short) story to hopefully save people some money. + +I always knew I wanted to be an investor. + +When I joined the military the classes I paid most attention to were the personal finance ones. My first paycheck went right into my savings, and I built up quite a reserve during my time in. High five figures, which wasn't easy over 4 years on a junior enlisted salary let me tell you. When my buds were buying new cars, I was saving my paychecks. When they went out and partied and bought shots I stayed in and studied investing, I mean looking back I should've lived a little but that's not the point of my tale. + +I forewent 4 years of revelry and fun to pile up as much cash as I could and plan for life after I got out. I read book after book on investing, finance, portfolio theory, Warren Buffett you name it. + +After reading enough material and studying for long enough I even thought of myself as somewhat knowledgable. I'd learned DCF and was already prospecting positions while I was in. + +So I started investing in 2015 and 2016. I used principles I'd read Buffett endorsed, low PE, worked within a DCF model. I mean I really took my time with these positions. I'd come to think of myself as somewhat of a principled value investor. + +Then the worst thing that could have possibly happened to a first time investor happened: I was successful. Within 5 months my first two investments had gone up nearly 30-40% (Emerson Electric and Nucor Steel for anyone curious). + +I felt like the king of the world, like I was way smarter than I was. Finding solid companies with great moats and low PEs and worked in a few models was easy. People who invested in index funds were chumps. They weren't smart, they were lazy. I was the smart one picking individual 'value' stocks and being diligent. I even started looking up returns if I could just sustain that 40% return for the next 10 years. It was all great. If I could do it now why not in the future? Life was good. + +I could spend the next 5 paragraphs outlying all the other positions I'd initiated because they were 'cheap' and had low debt. How I was finding value where others weren't (ironic given my name, huh?). But I'll forego it all to say that I wasn't nearly as smart as I thought I was, and that my returns as a whole have been meager. + +All in all, if I'd just parked that high five figures in an index fund like Vanguard's S&P 500 fund, VOO, I'd have around $40,000 in unrealized gains. Instead I have $5,000, about 12.5% of what I could have. Not to mention the stress, self doubt, anxiety, and swings that come with individual stock picking. + +I don't tell you my (short) tale because it's interesting, or even uncommon. I tell you because I wish that I'd seen this post all those years ago when I started investing (as if that would have stopped me anyways), but hopefully you will be smarter than I was. + +Stick with index investing, be a boglehead, do the tried and true. Boring wins, and I think it will continue to win. The simple fact is that no matter how many books you read or approaches you take most of us just can't be Warren Buffett. We can't be stock pickers. So save yourself the hassle and don't be like me. + +I admit defeat. I hang up my hat. I'm not a great investor and I'm not all that smart. Thank you for taking the time to read my post. + +Big Edit: Should've put in Original Post; I'm still holding most of these positions. I haven't sold for a loss (or minor gain) yet, as I bought most with the intent to hold long term and still will do so. I'm just hanging it up as an individual stock picker. All future investments will be into index funds. It's the approach that suits my temperment and intellect (what of it I have), the best. +Let me start off by saying that yes I know this is the stupidest thing I could have done but I’ll learn from this. In January of 2021 I went out with my dad and financed a 2010 Dodge Challenger srt8 at 699 a month 26% interest, the loan is under his name but I am the one who is maintaining the car and making the monthly payments. My question is what do I do to quickly pay off the car as soon as possible because I currently make 3650 a month and 699 goes toward the loan, 200 towards groceries, 105 towards insurance, 76 towards phone bill and about 150 a month towards gas. That leaves me with around 2420 a month ,should I make extra payments towards the principal or save up 20k which I can do in about 9 months to do a full payoff. I don’t think refinancing is a choice right now as my dads credit score is not so good and I’m currently 6 months into building my credit score and I have been making all of my credit card payments on time and have been keeping the utilization below 30%. +Hi All + +I have an interview coming up where one of the requirements is to pitch the team a stock. This is for an Investment Analyst position for a Value Fund. + +I do not come from a finance background (economics) and never really took any courses as an undergrad. I just recently passed CFA Level 1 in June and am pretty well versed with the markets in general, but I've never really had to do financial analysis and generate a 'pitch'. + +In these instances, do you think the team is interested in ratio analysis? DCF? Industry analysis? I don't know what to expect or where to begin and that's why I'm enlisting your help. + +Does anyone know of a good website / literature I can read up on performing some analysis for stocks? I can tell you what debt / equity ratio is and how to calculate it, but not necessarily how meaningful it is in the grand scheme of things. + +In fact, I feel that is something more of an acquired skill, but that's neither here nor there. + +Any advice? Websites? Books? Literature? Anything would be helpful... + +Thanks! +My company (Intuit) has a stock purchasing plan that allows me to put 15% of our salary towards buying shares at a 15% discount. + +Also, my RSUs are also vesting on a schedule. + +I've been doing this about a year and a half now and sitting on a sizeable amount of company stock. + +I know some people sell the stock plan stocks right away, also the vested RSUs and treat it as cash or diversity with index funds, but what do you suggest? +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 are my options? I need to put my money in an account that earns more in interest than my bank but that can be accessed within a couple days when need be. Have any suggestions? +My mom has Huntington's Disease. She hasn't been officially diagnosed yet, but at this point the doctor says that any testing for the Huntington's gene would just be confirmation testing. The reason they've held off on the genetic testing is because the doctor recommends that all her children set up some kind of long term health care insurance or something. Once Huntington's shows up in our medical history, the doctor said costs would go way up and many agencies would deny me any sort of long term care insurance. + +I have done a little bit of research, but I am just so confused and overwhelmed. The insurance agencies I've looked at so seem to work exclusively with people aged 55+. Even then, the cost seems like it's extremely expensive, to the point where I would basically end up paying 100% of the cost of the care, just over a long period of time. If that's the case, maybe it would be better to just put the money into a savings account or something and not deal with an outside company. + +I don't know. I'm in way over my head. Anyone have any experience or suggestions? +We are on the way to securing 6 months e-fund. It’s going to stay at 2% interest savings account. Any recommendations where to put additional 6 months? A friend told me that you can use IRA as a savings account not only for retirement but also for e-fund.(Please don’t confuse me on trying to cash out on my retirement for savings. I already have 401k and this one is not maxed out and I am financially not anywhere near on being able to do so.) The other obvious option are CDs. I could create a CD ladder to be able to cash out on CD every other month. +Hey all, + +I'll cut to the point. WFH has not just helped me on my FatFIRE journey, it's... made me fat. + +I am averaging well under 10k steps a day. My previous travel schedule had me doing over 15k a day walking around cities I was working in or through airports. + +Anyone have a good walking desk setup? I'm not looking to gold plate it, just curious what works for a solid 2-2.5 mph walk along with a steady desk that can support 2 monitors and a laptop. + +I came here only because I figure some of you might have a bit higher scale solutions than some of the more office-oriented locations on reddit. + +Also curious what other changes you all have made with more WFH. + +Thanks! + +EDIT: Appreciate all the responses on diet and such. To be clear, I'm 15% BF. I get the diet and everything else, let's keep it on the request. +I don't know if there is a question here as much as just jotting down my thoughts and working through them. The situation is my wife got a job in June of last year that is based out of Santa Cruz. She loves this job, and luckily has been able to work remotely from Georgia. There is no timeline that says she has to work on site (at least yet), but since then she has wanted to work on site and some of her coworkers frequently bring up how great it is here and how much we will love it, while some coworkers have actually moved away from here to work remotely. + +I am currently on a 2 week property scouting trip in Santa Cruz while she works on site here and its my first time here. I gotta say, I am not impressed at all. The homelessness here is really bad. It has this odd small Florida town from the 90's vibe going, and there is just homeless people intertwined and it feels over crowded. + +And then the biggest red flag is the cost of almost everything being at least twice as expensive if not 4 times. I'm talking Properties, Food, Gas, Electric, Water, Insurance... literally everything! I honestly have wanted to move from the Atlanta area for some time, but moving out here feels like a downgrade and thats before factoring in the **MASSIVE** cost differences. I feel like delusional people from San Francisco and Silicon Valley buy properties down here for these prices and keep the prices high. The costs do not reflect the reality of this place. I cannot logically justify spending 800k+ on a house just because the weather is better when my bigger and much nicer house in Georgia that has everything I could want around it with a mortgage of 125k or 650$ a month (now valued at 220k). + +Yes there are some beautiful sites to see here. You have these very beautiful and tall redwood trees and lots of nature hiking, and cliff views of the ocean, though the ocean is freezing and kelp ridden. Honestly this feels like the place I would visit for a trip to get away for a weekend, but probably not revisit. Definitely not a place I would live. + +&#x200B; + +Edit: Since this topic has been hijacked by people that want to talk about the housing prices in the Atlanta area, I will clarify that my current house is in Smyrna, Georgia 10 minutes from the Atlanta Braves Stadium on the Atlanta perimeter. My wife is making 140k and will be getting a pay raise in December that could be higher should we choose to relocate here, though specific numbers haven't been negotiated. We are able to save 90% of our income in our current location. If we move to the Santa Cruz area we will be lucky to save 10%. + +People keep saying "live in the mountains, its much cheaper", and in terms of the property cost in some cases it is, but it comes at another cost. + +In those properties it is extremely unlikely to have Central Air Heating and AC as they normally rely on wood burning fireplaces, but even without those conveniences that we use in Smyrna, the power will still be more than double and also it is quite warm, as yesterday it was 80F+ which was not comfortable without AC. Should we live in the mountains we must rely on propane deliveries in the winter that can add up to 5x what I pay for gas currently. Grocery store prices for almost everything is at least double as well. There are water shortages here and also water prices are more than double. Water from the tap here tastes really weird here so wont be drinking from the tap. Going from remote work to commuting will also cost gas and insurance, which also costs quite a bit more here. There are regular power outages here so we will need to buy a generator. Permit requirements for construction and modifications are very strict here and expensive. In the mountain areas there is no sewage lines so those properties rely on septic tanks which will need to be drained regularly which is quiet expensive. Many routes to the houses in the mountains have miles of 1 lane narrow dirt and gravel roads that can be hell to traverse. There is literally almost no upside besides the nature, but really that is it. There is no or very weak cell phone signal and bad internet connections. Many of the properties I have been to are very run down if its below the $600k mark. Also the food selection is nothing compared to the Atlanta area. + +Also it is clear Santa Cruz has fallen on hard times from Covid. The homelessness here is something that I've only seen in major cities... and Santa Cruz is more of a small town. There are tents up in bank parking lots with people doing drugs in broad daylight and people that look to be in their 80's walking down the street with blankets covered in grime and dirt in million dollar neighborhoods. It is really sad, and really bad. And yet the housing prices are have climbed another 100-200k in the last year. + +All this in mind, moving here is still on the table, but its really going to have to be the right property that I can do some work on and make some money off of. Luckily I have no deadline and I can look online and hope the prices come back down to reality. I will not plan to live here more than a couple years should we move here. +I'm seeing debates around whether Ryan Cohen or the company would be the catalyst and why that would or wouldn't be the case. + +This is just my opinion, but I feel like the most important factors are being sidelined. + +Ryan Cohen has duties to both his company and its shareholders, the people who invest and have a stake in it. One of the arguments people make is that his job is only to turn the company around and so he can't be relied on to allow MOASS to happen. + +My response to that is in two: how can the company fulfill its ambitions without shaking these detrimental short positions, triggering MOASS, and how effective would the company's comparative transition be without MOASS? + +Overstock struggled for years waiting for aggressive short sellers to close their positions. The SEC was complicit. Eventually, they take matters into their own hands, issue dividends, shorts get squeezed and the stock is thriving to date. They couldn't grow without this happening. + +I'm sure Cohen and his new board are thinking this same way. Shorts must close their positions for GameStop to succeed its potential, and until then it's a heavy burden on the company's growth. In this same vein of thought, Cohen's duty also involves protecting the company's shareholders from predatory, illegal practice, where possible. GameStop is already cooperating with the SEC, awaiting updates, so hopefully this is in motion. + +My second point is triggering the MOASS would be the single greatest tactical decision a company could make. Not only is the stock going to drive insanely high which is good for its inside shareholders (don't forget many of whom have left top executive positions at Amazon and are getting paid *exclusively* in equities), but it would create millions of loyal, newly minted global customers who are going to have your company exceeding earnings expectations every single quarter. Apes are already doing this *without* millions of disposable income. + +A forecast of constant quarterly business growth and high employee and customer satisfaction for the foreseeable future is what any chairman and board - especially one in their first few months - could ask for. + +Of course GameStop can turn around into the e-commerce behemoth it is in front of our eyes without MOASS, but just try to imagine the astronomical reach **with it**. I'm positive the board are as aware of this as they were when they signed the contracts to agree they'll be paid solely in equities. + +You add these to the teases we've had from Ryan Cohen and GameStop's social media, and I don't see how it could be construed the company could prevent or have no reason to trigger the MOASS through some kind of corporate action. They know what's happening as much as apes which is evident from the cryptic nods. + +Of course, this says nothing about the potential dates; it isn't until it is. + +Power to the hodlers. + +💎🙌💎 +🚀🚀🚀 +As the title says, + +https://www.btcnn.com/venezuelan-government-anchors-its-minimum-wage-to-their-cryptocurrency-the-petro/ + +Right know people are at the streets crazy trying to buy ANYTHING most stores are closed. + +Living and surviving here, AMA! + +Edit: It's done. 5 zeroes were knocked off. Minimum wage will be 52 Bs. until September 1st (When it will get raised to 1,800 Bs.) today one USD is trading around 100-120 Bs. and one BTC is around 900,000 Bs. +Is it necessary to stay in the bay area to maximize net worth? + +My goal is to maximize my net worth between my wife and I in the long run, as in 30 years from now. What I want to know is do I need to stay in the Bay Area to do that or can we live outside the bag area? I’m concerned about how living in a city away from headquarters will affect my career. And not just away from headquarters but working remotely. I’m a SWE and my wife is a product manager. So her career needs to be considered too. + +My fear is that if we live away from the Bay Area, our careers won’t grow as much and although we will save money on COL, perhaps that savings is outweighed by the lack of career growth or salary growth. + +I make $180K a year she makes $220K a year. Our salaries are from the bay area but right now we’re in a temporary covid period where we live in a LCOL area but keep the same salaries. This will last until July. My original plan was to go back to the Bay Area when offices open up so our careers will still grow. + +I suppose another middle ground is that we could live in a MCOL area like Austin since there’s also plenty of tech jobs there. + +I just don’t know how to do the calculus on this. My primary concern is maximizing our long term net worth and I think the growth in our careers will be the primary factor deciding it. + +One last key variable is that we our currently childless, but in two years we will start having children and we want three kids. This is why I’m more weary of moving back to the Bay Area because the cost of extra living space and day care is so huge. + +Sorry if this is the wrong forum for this. Wasn’t sure if this was more appropriate here or in a SWE sub. +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. +Preface - I don’t own any properties. + +I am curious about this. Say I buy a rental and decide to manage myself. Then 3 months later I decide I don’t want to. Do I just call a place up and ask them to take over? What the hand off look like? + +Also as a side question, can I just use a property management firm to place tenants but not manage the property? + +Are there any primers you. Can point me to that walks through these types of things? +I have a rental in popular area in St Pete (Tampa FL) area. + +I’m at the point where I have to sink 85k+ into the property to maintain it (impact windows, siding, sheathing, insulation, soffit, fascia, doors, other maintenance). If I adjust my rent to market price which seems to have nearly doubled over the last two years then I’ll be able to cash flow and put money aside for repairs and other crap that can happen. That will be a huge increase for great tenants who I’ll probably leave. I guess it will all be fine if rent prices continue to grow. Current rent is 2400 but market would be between 3000-3500. 3500 a month would cover mortgage costs and let me set aside 1000 a month for repairs. I say 1000 a month for repairs because I’ve invested about 10k a year in improvements and repairs for the last 5 years. At this point I think house will be all in good shape with extra 85k in repairs but who freaking knows. Place has been a money pit. + +Or + +I can sell. Bought for 193k. Lived there 2 years in the last 5. Depreciated straightline for 27.5 for last 3 years so about 21k in depreciation. Would sell for hopefully 400k. Would I be able to avoid all capital gains even though I depreciated because I lives there for 2/5 years? + +I’d like to keep the property if I can make the numbers work but if rent doesn’t stay this high and continue to grow then I’m going to be losing money which I can’t afford to do. + +Heard something crazy like there are a million vacant houses in Florida right now. Have no idea how that is possible. If a chunk of these go up for sale or rent then I’m probably screwed. +Looking for any examples if anyone had of home taken iPhone pics being replaced with professional photography and having a effect on booking rates. I thought I took good pictures and edited them nicely until my friend roasted a few of them. I used iPhone 10x. +I put my feet to the fire and bought my first property.. Now I'm hungry for more. but I don't have the capital that I used to have. So I'm looking into growing my portfolio with single family / multifamily homes ranging in the 40-60k range. Ive read a lot about the BRRRR strategy which involves gettting a house under market value with some cosmetic issues.. remodeling it and then taking out a cash out refi loan assuming you will get a good margin for the new value of the house after remodeling. now with this money, on to your next house!! It seems like a great plan but I have some questions!! + +1. most banks/ credit unions are telling me I have to wait a minimum of 6 months after closing before I can get a cash out refi.. They say its a federal standard.. Is this true? is there any way around this?? I mean I want to get the cash back out as soon as Im done remodeling and move on to the next house. + +2. Wouldn't A HELOC also work for this strategy? if so.. which would be better? and what really is the difference? + +3. Ok so with this strategy lets say I get a house for 100k sink 20k on down deposit and 10k in renovations and now 2 months later its worth 150K. I get a cash out refi for 135K. So now clearly my monthly payments will be higher now that Ive gone from a 100k mortage to a 135K mortgage. and if I do HELOC it will just be another bill to pay aswell.. This obviously has to be taken into account when doing this strategy right? I mean thats why they say find a house that generates 2% purchase price... Or is it 2% the refinance price? which would make more sense? + +cheers reddit! + +&#x200B; + +&#x200B; +I live in a midwestern city and our market is HOT. I have been a buy and hold investor for about 8 years and have enjoyed nice cash flow (always met the 1% rule or more) and great appreciation. This was with B and C properties. Now I'm finding that buying anything as a rental doesnt really make any sense. I cant find anything decent with the 1% rule, since our market has appreciated so much and rents havent kept up. Is flipping a better option now? Anyone else scratching their head as what to do? +Hi all, + +I've been fortunate to have a few RE investments go my way. Now with considerable capital gains tied to investment properties: + +1) How do you balance your direct RE exposure across your total asset allocation? + +2) How will you eventually monetize your active investments in a tax-efficient manner (if you want to retire early and have access to those proceeds)? + +I am fully aware of 1031 exchange (and section 121 exclusion), but 1031 is a tax deferral strategy and not necessarily an end goal tax-minimizing strategy (unless you die and transfer property to heirs). RE investment property has been good to me and I want to do more, but am wary of trapping money. Is the simple solution to just bite bullet and pay the tax man LTCG tax when you are in a low tax bracket? +The rent collection / property management start-up [Cozy.co](https://Cozy.co) that has been loved by smaller landlords has been acquired by [Apartments.com](https://Apartments.com) and all accounts have been transferred to their platform. + +Is anyone else concerned about this? + +I've been using Cozy for years to collect rent from multiple tenants. It is orders of magnitude superior to what I was doing previously (each tenant paid directly via one of many phone apps, and logged payments manually into Excel). It's been very convenient to have everything in one place, all the time, and the service is completely FREE for both tenants and landlords to use. My tenants also prefer it. + +As anyone else who uses Cozy will have discovered, I received an e-mail that Cozy was acquired by [Apartments.com](https://Apartments.com), and all of my accounts have been moved to their system. + +I am concerned that what was once a wonderful start-up service for smaller landlords will be taken apart and monetized, requiring a "premium upgrade" subscription to access formerly free services, and the once-simple and pleasant UI will be flooded with ads and overshadowed by their other services such as rental listings. + +I just logged in to my transferred account, and already the first thing I see is an ad to upgrade to their premium listing services. I do not list with [Apartments.com](https://Apartments.com), so I don't need to upgrade, but this is pretty dark foreshadowing. + +Anyone else concerned, or have any more information on this transition to share? + +Other services similar to Cozy that anyone could recommend if this acquisition doesn't go well would also be greatly appreciated. +Sup, Apes. If you're staring at the ticker all day while work piles up behind you in the "real world" you must have, too, seen the 1mil volume disappear in the after hours for GME. + +I, who must be gaining SOME wrinkles, *shudders* decided instead of waiting for an answer, seek one out. Like the evolved ape suddenly gaining the clarity of sight to tell a yellow banana from a brown banana I am. + +So I hit up TOS support chat. Was like what's up dude? You like the stock too? He didn't confirm. What he did do though is dig into it a little bit for the benefit of all apes. + +First, he noted that the discrepancy surely was present, though disputedly reported across multiple sources. Then he elaborated further that there was in fact a "market wide data issue for some NYSE stocks that didn't have data flowing for about 7-8 minutes from the data provider of NYSE stocks." Which is CTA. The Consolidated Tape Association. + +Which also makes my favorite brand of tape I use to seal my butt when I gotta take number two but can't hold it. + +He offered to dig deeper, I like it. Also, real fucking quick, thank your service people. This guy fucking rocked this entire chat with such a crass and uncouth ape as myself. + +He learned that CTA was suffering "processing issues" in the middle of the trading day and thus needed to reboot their servers. + +Before once again thanking him for doing something that I absolutely could not again, I asked which volume is right? He said he wasn't sure but the 2.7 number was probably correct as that is what was most being reported. + +Moral of the story, my apes and apettes. Use superglue instead of CTA when you gotta do a number 2. Take the initiative to find your answers. And finally, just fucking hodl. I like the stock. + +&#x200B; + +This has been an interpretation of a support chat with a TOS representative. I hope you liked it, and this resolves some of your dismay at the sudden WHERE THE FUCK DID THE VOLUME GO, KEN? + +&#x200B; + +I appreciate y'all. Aph out. + +&#x200B; + +EDIT: He also reported The CTA Data Team was currently working to resolve the issue, and suggested if you would like to find the list, search NYSE stocks and look around 10:30CST you'll see a gap from 10:26-10:32. Go for it. I gotta get back to work. + +EDIT 2: I can't fucking count, or know how to tell time. 5/5 Trading day should be the title. God I'm way too fucking Apeish for myself even sometimes. + +EDIT 3: I said I was going back to work, but I fuckin' lied and have been here the whole time. But I actually gotta get it now. I love you. Be good to everybody. Because you deserve it. + +EDIT 4: I THOUGHT I WAS OUT, BUT YA PULLED ME BACK IN u/RANDOM_SWAMPERT. He provided me a link which I have verified from the CTA site confirming the outage. [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) In it, and by all means don't trust my link. Google CTA and go to notifications -> Alerts and you'll see posted at 1:17 that there are issues involving " CTS Open/Hi/Low/Non-Listing Market Last Sale and Volume data may not include transactions that occurred prior to the restart. Listing Market and Consolidated Last Sale information is expected to be accurate. CTS/CQS will notify of corrected data sets when available. " in regards to the restart. Thank you. +While I have been thinking about FIRE for sometimes, it's always been a someday type of goal. It's only in the last few months, with the combination of what's happening in my real life and discovering this subreddit, I have really sat down and putting together a concrete plan around FatFIRE. After much analysis and number crunching, I'm happy to say we are a year or two away from FIRE. Yeahh!! + +A little bit of about me, married with a husband and two kids in VHCOL area. Both hubby and I are in our mid forties. I'm an executive at a tech company making good income (1million+/year). Hubby is tinkering with startup, high risk so we are not counting on his income for FatFIRE. Kids are in elementary and middle school, a ways to go till they are in college. + +As I'm preparing of the FIRE, here are the list of preparation I'm thinking through, love to get feedback from others on what else we need to be thinking about. + +**1. Work transition: Full time -> part time -> FIRE** + +* a. Rather than retiring completely right away, my plan is to shift into part time work in a year time and do the part time for one year, and then FIRE completely. The reasons are several folds: + + * i. Test Run FIRE, during this part time year, I'm plan to put away all of our w-2 income and see if we can live off our passive income from our investments (index funds and real estate income) + + * ii. I have a large chunk of unvested RSU, part time would allow to capture some of these upsides. + + * iii. Going from a very high stress, high demand work to FIRE might be too drastic, using this year as a transitional year and ease my way into worklife. Getting more involved kids life and school. In addition, I have a lot of hobbies and interests (tennis, ballroom dancing, photography, travel) that have been taking a back seat all these years, I want to start picking them up and find communities around these hobbies during this transition year, so when I finally FIRE, it'll be a smooth transition. + + * iv. Lastly, in case this trial run doesn't work out either financially or personally, I can move back into a full time role. Very unlikely scenario, but I like to have options. + +* b. Question: I haven't seen others on this sub trying out this route, curious to hear if others have experience with full time to part time to FIRE transition. + +**2. Financial preparation** + +* a. Rebalance our investment portfolio and shift towards more dividends/interest generating investments + + * i. Pretty heavy on stocks (85%), and need to shift more into dividend generating index funds, bonds and treasury bills to cover the expenses. + + * ii. Question: The three funds portfolio is paying out 2% in dividends, how do other do the actual 3-4% withdraw? Are you drawing into your principles? + + * iii. Our investments are also spread over many accounts across multiple brokerage firms, need to consolidate for ease of management. + +* b. HELOC for primary and investment properties + + * i. As our earned income would reduce drastically, plan to get maximum HELOC for our primary and investment properties. This would give us flexibility down the line as I do plan to do more real estate investment once I have more time. + +* c. Continue to look for income generating real estate properties + + * i. I know many people on this subreddit don't like real estate, but in my experience, it's been a good investment tool and I have decent property managers to deal with day to day operations. + +* d. Fully fund kids 529 plan ($120k per kid) + + * i. I have been putting some money into kids 529, plan to contribute to $120k per kid. With the growth of the portfolio, while it may not cover the full expense of a four year private university, it'll be close enough. + +**3. Healthcare** +* We will be on cobra for as long as we can and then shift to Obamacare silver or gold package. + +**4. Life post fire** + +* Family and friends - spend a lot more time with them +* Health - with my job, fitness and health have definitely taken backseat, it’ll be a priority post fire. +* Hobbies I mentioned under bullet 1. +* Professional life: haven’t figured it out, after some time (don’t know how long), I’ll probably get bored and want to get involved in something in tech. Won’t be a operating role, I would consider advising role as a way to give back. + +Feels great to have an end in sight. Appreciate you taking the time to read my plan and suggestions are welcome! + + + + +In an age where housing prices are skyrocketing, and people can barely afford a down payment, I asked myself if I would be willing to move to a small town with cheap housing versus not being able to even afford rent in a netropolitan city. + +I'm in my car just outside of a midsize narket in the Pacific Northwest, and the rent in the city that I'm at is running around $2,000 a month to start. You get all the great amenities such as having an unlimited variety of restaurants, easy access to shops and groceries, plenty of employment opportunities, and potentially more social opportunities. + +I found houses that I could buy in other parts of the state for under $100,000 out right. Trade off? Well, the obvious being that these houses are in locations with sparse population, anywhere between 2,000 people and 50,000 people, not as many restaurants or grocery stores, social life would be dramatically different, and employment opportunities would be substantially less. + +I also understand that there are additional pros and cons to each of these, but these are just examples that I can think of at this hour. + +If you lived in a city, would you be willing to give up the creature comforts if it meant that you could actually own a house? +Inspired by the Opacity post I’d like to do my part in cleansing the subreddit of low-effort shitcoin spam. To do that I’m sharing a 20mil mcap project mentioned by Ivan on Tech a couple of days ago - Benchmark Protocol ($MARK).**The Numbers** + +* 24mil mcap +* 2mil daily volume, good liquidity +* Up 10x in the last month +* Ampleforth competitor (505mil mcap) + +[https://i.imgur.com/Yb9XA3C.jpg](https://i.imgur.com/Yb9XA3C.jpg) + +**What is $MARK?** + +Benchmark Protocol ($MARK) is a DeFi protocol which aims to maintain price parity with Special Drawing Rights (SDRs). SDRs are an international reserve asset created by the IMF, and while that may sound fancy, all you really need to know is that it’s a basket of currencies in much the same way as what Libra was originally trying to create. + +The price of one SDR is approximately $1.40.This alone solves a major problem that other algo stables suffer from. Even if BAC worked as intended, it would be entirely susceptible to the monetary policy of a single nation. By using the SDR, $MARK is creating a diversified, global currency risk instead of single currency risk. + +**Rebasing & Elastic Supply** + +To ensure one $MARK is equal to the price of one SDR, Benchmark Protocol uses an elastic supply that translates price-volatility into supply-volatility. When $MARK increases in value, the protocol will mint more $MARK and distribute it to holders. This means as the market cap of $MARK grows the price per $MARK will remain static, however the number of $MARK in your wallet will increase. + +**Improved Rebasing** + +AMPL and other algo stablecoins have long suffered from having arbitrary and predictable rebases that arbitrageurs take advantage of at the cost of token holders. $MARK uses the CBOE Volatility Index (the VIX) to create a more dynamic and randomized rebasing schedule that helps alleviate that problem while also taking into consideration market volatility when determining when to rebase and to what extent. + +**High-Profile Backers = Good pumpamentals in the current market** + +The core team are all very quality in their own right, however as far as what can send this another 20x+ is easily its backers. Three in particular. + +1. Nicholas Merten aka DataDash +2. Meltem Demirors, CSO of Coinshares +3. Now Ivan on Tech has started to shill organically + +These three alone are enough to send a project above a 100mil mcap which is an easy 4x at the current market cap. I personally believe with the failure of so many other algo projects there’s a lot of capital in search of a team who can solve their shortcomings, which by all accounts Benchmark is doing successfully. + +**Yield farming & staking** + +There are two main ways of earning with MARK, staking and yield farming.MARK currently has 3 pools for staking and farming with their respective APYs as stated; + +MARK-ETH - currently has an APY of 66.45% + +MARK-USDC = 110.9% This is my favourite and quite a crazy APY considering they’re both stablecoins. + +MARK-wBTC = 90.24% + +This is on top of the uniswap reward for staking + +Here are the pros of staking MARK to earn xMARK tokens; + +* xMARK tokens will be issued in a similar fashion to how LP tokens are issued and represent a share in the overall staking pool. +* Users will be able to swap back xMARK for their staked MARK at any point in time. +* xMARK tokens are not affected by rebases. However, the underlying MARK token representation will be affected by rebases and still represent a fixed share of the network. + +**Comparing Benchmark Protocol to its competitors** + +• Mark offers a global currency risk profile versus single currency risk profile. + +• It’s inflation Shielded. + +• It has an elastic supply. + +• There’s no collateralization risk. + +[https://i.imgur.com/wkFr4Be.jpg](https://i.imgur.com/wkFr4Be.jpg) + +**When compared to AMPL specifically** + +• AMPL has a set rebase time, allowing for arbitrage situations, which may be very unfavorable to certain types of traders. + +• AMPL target price is the US Dollar, which creates a very specific risk profile for the asset. Users may prefer a more global risk profile, which is offered by the SDR. + +• MARK utilizes the VIX to inform the rebase mechanism, creating a more predictive and accurate process. + +• AMPL went to market with an ICO and an IEO, while MARK utilized a “Fair Launch”. + +**Ivan on Tech Video** + +Ivan on Tech’s video where he described Benchmark protocol as a high potential project:[https://www.youtube.com/watch?v=aChlrZIe1Xc&feature=youtu.be](https://www.youtube.com/watch?v=aChlrZIe1Xc&feature=youtu.be) + +&#x200B; + +**Website & Social** + +The best place to follow the project is definitely its Telegram, which you can find here: [@benchmark\_protocol](https://t.me/benchmark_protocol) + +Other social accounts are as follows: + +[https://twitter.com/benchmark\_defi](https://twitter.com/benchmark_defi)[ ](https://medium.com/benchmarkprotocol) + +[https://medium.com/benchmarkprotocol](https://medium.com/benchmarkprotocol)[ ](https://benchmarkprotocol.finance/) + +[https://benchmarkprotocol.finance/](https://benchmarkprotocol.finance/) +Is there anybody here that could potentially explain “The Bourbon Rule” in stock analysis & investing? I’ve Googled & YouTubed throughout the internet & all i keep finding is rules to making better bourbon, or the difference between bourbon & whiskey, etc. From time to time I’ll read a person’s post, on whatever forum it may be, and they’ll mention the bourbon rule. But i can never get a clear judgement or meaning of what it is or how you could potentially use it to develop an analysis in investing or price target on a stock. From my own personal judgement, it seems to be more of a “old-school” rule of thumb that may not be used much anymore, but still might be good to be aware of. Any insight on “The Bourbon Rule” would be greatly appreciated from anyone that may have some. TIA! +Round Trip: [https://www.investopedia.com/terms/r/round-triptrades.asp](https://www.investopedia.com/terms/r/round-triptrades.asp) + +Daisy Chain: [https://www.investopedia.com/terms/d/daisychain.asp](https://www.investopedia.com/terms/d/daisychain.asp) + +&#x200B; + +Worth posting again: GME is the MOST shorted stock on the planet and the hardest to borrow - see the 4th image. Fresh Data coming out on this Monday! + +https://preview.redd.it/4woyevdzsdw61.png?width=1182&format=png&auto=webp&s=904b69d27d3b6664210ec2752c9e3d4ff3978245 + +https://preview.redd.it/inj9t8o0tdw61.png?width=1286&format=png&auto=webp&s=2f1e776666dd51fb17f8d2f1c2fda59515f94e51 + +https://preview.redd.it/heoe3ad1tdw61.png?width=1214&format=png&auto=webp&s=fc8196bb6c06eac3b189a173145880e14ba76df7 + +https://preview.redd.it/clvzm1k2tdw61.jpg?width=634&format=pjpg&auto=webp&s=b1f964f280c290f3af1d41ee72bfadfee46a1bc7 + +&#x200B; + +&#x200B; +I actually don't really follow what influencers say about coins , doesn't matter if it is coin bureau or tiktok influencers and do my own research before buying something , BUT THIS CAUGHT MY ATTENTION... + +The idea is to start with $1000 and put it into a coin that would go up 2% in a period of one day . (2% is nothing in crypto) + +If I were to be disciplined and follow this strategy for over one year with the compounded amount I would have more than a million dollars or **$1,377,408.29** to be precise. + +I Have been inspired by a post where the challenge was to make a million dollars by $1000 with the 10x2x strategy ,I found it quite hard to do a 2x every time I buy a coin so instead I'm doing the 2% challenge + +I have sometimes made a 2x in simply one day. So , making 2% a day should be easy with crypto's volatility + +This is Financial Advice +In the past two years my wife and I have done extremely well. I own a business and with her salary (well over $250k) we are making combined over 7 figures a year, after taxes. We have paid off all of our debts (own our house, cars, school loans, etc..). I've bought a few toys (a motor boat and a car) to enjoy. I am considering selling my business in the next 2 - 3 years which would probably bring in a value of > $20m. Even if the market goes south we're pretty well insulated. I have career goals after this (another startup or two I'd like to take a shot at) but find myself in a very different situation than when I started my first company. Life happened, marriage, kids, etc... it is clear to me that I should be using my wealth to reinvest in myself and buy the time I need to achieve my larger goals. + +However, I've always been a very hands on, do-it-myself guys. Our social life has tanked over the past few years because my wife and I both "want it all". We want to be great parents but we also want to excel in our careers. When you start to throw in stuff like chores and even the simple things like trying to plan a weekend or having to wait on hold with the gas company for 20 minutes the time adds up very quickly. This is where stress and fights start for us. I feel strongly that we need "help" in the sense of someone or someones to take a lot of this time consuming stuff off our hands. However, I have no idea who to contact or even what the job title/description is. I looked on [Care.com](https://Care.com) for PAs but I don't get the sense that they have what we're looking for. + +In any event, I am looking for advice on how we can maximize our time. What we should be considering to spend our money on to do this. Who we should work with to do this. + +Edit: using a throw away account because I don't really need or want anyone in my personal life knowing how much we make +This is somewhat of a ramble of my experience regarding taking advantage of opportunities that life presents you as the ones I've had have significantly sped up my progress on my way to FIRE and don't involve crazy stuff like winning the lottery or creating Uber. + +&#x200B; + +So, I've recently separated from the Army after 9 years of service. Definitely not something I regret but due to health issues (and the fact that I moved 7 times in 9 years) I decided to move on to civilian life. It was when I was going through out-processing, that we had a finance brief for Soldiers that were leaving the army and the instructor asked if any of us had money in the TSP (Thrift Savings program, basically the equivalent of a 401k). I was the only person in the room to raise my hand out of about 10 or so people present, and some of the other Soldiers in the room looked around the age of retirement. I was shocked no one had any money in what is one of the lowest cost retirement funds (not to mention best guaranteed not to fail) available. + +&#x200B; + +Now, contributing to retirement funds is not something new on this subreddit. But during my time in the army I've had the opportunity to take advantage of a ton of programs that have saved me a ton of time and money, and it boggles my mind that so few people take advantage of those opportunities. For example both life and health insurance in the army is dirt cheap. I got all 4 of my wisdom teeth taken out before I left and it didn't cost me a dime in co-pay or deductibles. I've gotten free glasses (even prescription sun glasses), immunizations, exams etc. Yet I've had to chase down and force Soldiers to attend scheduled medical appointments (which they can go to during work hours and don't have to pay any extra for). + +&#x200B; + +I had the opportunity to attend training and classes that counted towards college credit and that I attended as part of my job, not something I had to do in my free time. I earned my masters degree with the G.I. Bill and didn't pay a dime for that either (I even got a little money to pay for my text books) and I've got enough left of it to earn another degree if I want (or a bunch of certifications). When I left the army I applied for disability but also learned that since I'm over 50% disabled I quality for priority 1 VA Health Care, which is essentially free health care (with a few constraints but nothing big) and basically makes health insurance unnecessary (that's saving me several thousand dollars a year alone). I initially didn't think I qualified for VA health care unless I fully retired after 20+ years in. I only found out about this on my way out and I've talked to some other veterans who (like me before I left) also had no idea that they qualified either so I bring it up whenever I meet a fellow vet now. + +&#x200B; + +After leaving the military, I attended my first job fair. On the event flyer there was a seminar available just before the event to help people learn how to get the most out of a job fair. I had to get up early to make it but I attended it and hit it off with the presenter as he was also prior military and after the seminar he told me of a couple of contractors at the event that had just gotten new government contracts and were looking for veterans and had jobs so new they had not even been posted on job boards yet. I stopped by both those tables and turned in my resume and got called by them the following week and am interviewing with one of them next week. + +&#x200B; + +TLDR: Life will present you with opportunities, some of which may be obvious and some of which may not. If an opportunity comes along, take advantage of it (so long as it's not something that requires a major gamble on your part like bitcoin). If no opportunities are obviously available then search around for them, ask people you know, do some research. Even if they don't always directly put cash in your bank account, they may help give you a boost in some other aspect of your life. And you never know when you might encounter something life changing. +**USA CHIPS act: ~30 Billion** for INTC +https://www.cnbc.com/2022/07/18/us-chip-industry-split-over-chips-act-benefits-to-intel.html + +**EUROPE CHIPS act** is for $11B-$44B , lets say 50% goes to INTC = **$22B** +https://techmonitor.ai/technology/silicon/european-chips-act-tsmc-intel +https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-fit-digital-age/european-chips-act_en + +European states are giving some of their own funding as well: + +**Italy: $5 Billion** +https://www.reuters.com/technology/exclusive-italy-intel-close-5-bln-deal-chip-factory-sources-2022-08-04/ + +**Germany: $7.3 Billion** +https://www.theregister.com/2022/06/08/intel_germany_tsmc/ + +**Mobileye IPO** sale 50% for investment cash into FABS, 30-50B and 50% of company IPO = Lets say **~$20 Billion** + +**Total INTC funding: $84 Billion.** + +**Current INTC market cap: $108 Billion.** + +This doesnt include profits from current businesses, cash on hand (27B in June 2022), funding agreements already in place to fund their fabs, and the other 50% of mobileye that INTC will retain (15-30B) etc. + +It seems like basically investors buying shares are being gifted free money from taxpayers, $0.8 for every dollar invested. For every dollar these governments (and mobileye IPO) are giving a $0.8 dividend (although INTC is not distributing it and is investing it in themselves). Does this mean investors are really only paying $.2 per dollar of value since $.8 is basically refunded as a sort of dividend (although it is reinvested in the company)? + +But of course wall street hates them, and is shorting it to hell. +I am primarily a SPAC trader, but now that the SPAC market has dried up I've been trading penny stocks with a lot of success. When trading SPACs, there is a concept of *asymmetric risk*--essentially, you compare the % of downside against the % of potential upside. I believe that there is a great asymmetric risk opportunity on $VRCFF due to reasons that I will cover in this post. + +$VRCFF is currently trading at around 0.08 and is a microcap with a market cap of 4m. They have multiple properties in Nevada that they are about to start drilling on for lithium and gold. These properties are a few miles away from properties that are currently successfully producing large amounts of lithium/gold for companies like Noram Ventures(39m market cap) and Soldera Mining Corp(34m market cap). + +Here's what I consider to be the main catalyst--on [March 29, 2021](https://finance.yahoo.com/news/victory-appoints-industry-veteran-mark-110000353.html), Victory appointed Mark Ireton as President and CEO. Mark Ireton is a pretty significant player in the lithium mining space and imo he wouldn't have taken this position without some major catalysts coming up. + +**Ireton's experience** +President and CEO - Noram Ventures Inc(Lithium Miner, 39m market cap) from 2015 to 2019 +Director - United Lithium Corp(33m market cap), Soldera Mining Corp(Gold Miner, 34m market cap), Noram Ventures Inc +Vice President - PNC Bank, Canadian Western Bank + +Note that the properties that Victory are about to start mining are close in vicinity to properties that are currently successfully being mined by companies that Ireton is a Director of. For example, the [Smokey clay lithium project](https://finance.yahoo.com/news/victory-acquires-smokey-lithium-project-130000318.html) is close to lithium projects currently being mined by Noram and American Lithium, among others. +"As President of Noram Ventures, Mr. Ireton oversaw the exploration and advancement of that company's primary asset, a clay lithium property with similar attributes to Victory's Smokey Lithium Project, and in the same vicinity."(Quote from [here](https://finance.yahoo.com/news/victory-appoints-industry-veteran-mark-110000353.html)). + +There are two further bullish signals unrelated to the mining projects. +First, on [March 29, 2021](https://finance.yahoo.com/news/victory-appoints-industry-veteran-mark-110000353.html), Victory issued "3,400,000 options pursuant to its incentive stock option plan ("Plan") to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the Company for $0.10 for a period of 5 years, subject to the terms of the Plan." Essentially, this means that **each option will allow purchase of one common share for 0.10 per share**. IMO the fact that they *priced these options higher than current market price* is bullish. + +Previously, on [March 11, 2021](https://finance.yahoo.com/news/victory-resources-announces-stock-option-012500339.html), Victory issued "1,645,000 options pursuant to its incentive stock option plan ("Plan") to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the Company for $0.075." +I believe that this also helps to set a 0.075 floor in the stock price, which plays into my belief that there is an asymmetric risk opportunity here. + +Second, and honestly I have no idea how significant this is, but it sounds like Victory is hiring people to promote awareness of their stock. From March 29, 2021: "The Company also announced that it has engaged Stockwatch to provide investor awareness services for $10,500 annually." + +**tl;dr industry veteran signed on as new CEO of lithium/gold mining company, drilling starts soon on all of their properties and success on any of the properties should moon the stock** + +Positions: I liquidated my previous $PONGF position(check my post history) and put it all into $VRCFF at average cost 0.08. +How do you folks manage the disparity between each person in a couple’s income? + +Let’s say that 1 person earns 2 or 3 times more than the other person? + +Speaking personally, we both put the same amount into the join account each month. That’s the housing budget, childcare, food, Insurances, etc... fund. The rest of your income is yours to save or spend as you wish and for personal obligations like car costs, gym, leisure, etc... + +The large issue I’m finding is that doing it that way, we’re limited to the house/mortgage or large purchase we can make because the mortgage would have to fit within the budget of the lower-earning person’s wage. + +Doing it a different way, the higher-earner might agree to pay proportionally for the bigger mortgage but then is that fair? + +What impetus does the lower-earner have to get a better job if the higher-earner is effectively subsidising the lower-earner’s higher-than-they-could-reasonably-afford’s lifestyle? + Hey folks of the UK! + +So, I'm 20 years old and I plan on moving out at the end of this month and getting my first place. Me and a friend will be house sharing and I'd like to know from some of you guys what you wish you'd known before getting your first place. + +Some tips, ideas, easy oversights etc! + +For reference, I have a decently paying job now and combined with the other person who I plan on moving with, between us we will have a little over 1k\~ after paying our monthly rent of £700. \*(Cost of living and rent where I am is pretty low) + +That figure doesn't include bills etc. It's purely rent. A more realistic figure after bills and excluding food etc is probably around the 500-700 quid mark + +Thanks in advance! +I see many posts where people that started FI later in their life mention that they wasted money when they were younger. + +I'm curious about what it was spent on. Was it partying/booze/toys? + +Edit: Question 2 - Do you regret it? +Latest update: The risk is somewhat reduced now, but forks lasting a few blocks could easily still happen. However, this situation isn't likely to get better any time soon, so I've unstickied this. + +Old update: Even though there is no active block chain fork as of this writing, the risk *has not passed yet*. Another fork is *fairly likely*. So you should still follow the advice in the title. When the risk is reduced or eliminated, this sticky will be replaced or removed. + +More info: + +* https://bitcoin.org/en/alert/2015-07-04-spv-mining +* https://www.reddit.com/r/Bitcoin/comments/3c2cfd/psa_f2pool_is_mining_invalid_blocks/ +As far as I aware a vast majority of our ore is sold in its raw form, considering we have the resources to refine it, why don't we? Didn't know where else to post this. +So, apparently they forgot to add vat on a software I purchase a year ago and now wants me to pay the 20% vat + +Do I have to pay? + +Edit: Thank you for all your comment. I will ignore the email. +Sorry if this isn't formatted correctly. I'm on mobile and very rarely post to reddit. I'm also a bit nervous about putting myself out there. + +I really want and need a job. My education is lacking thanks to previously undiagnosed ADHD. I have a GED and that's it. I don't have a driver's license(it's never going to happen for me.) My job history is very sparse due to me being an idiot throughout my 20s and drinking away the time I should have been working and saving and figuring out who I am. + +Any ideas on how I can fix my resume and make a job application look good despite this? Whenever I fill out an application or hand in my resume, I honestly feel humiliated and like no one will ever want to hire me, labor shortage or not. I've been struggling to get my life together for some time and this is really holding me back. + +Also if anyone has any ideas for earning money from home that would also help me a lot because with my lack of a driver's license and living in a rural area it would be easier. Getting transportation from loved ones is feasible, but I'd like to look at all possibilities. + +Edit: Thanks for all the great advice and encouraging comments and messages! I didn't expect this post to get any attention and I really appreciate the help! I definitely plan on taking some time to do some volunteer work to help build my resume and hopefully gain some skills while I decide on something to get certified in. There were a few suggestions on that I am going to mull over. I was feeling pretty down when I posted this and you all really came through with great advice and encouragement. +I’m 21, work for the NHS earning around £1500 net a month. In the past, I’ve always been awful with money; credit cards, gambling & impulsive purchases! Stumbling across this sub has shown me the true value of saving. + +Over the last 6 months, I’ve paid around £2000 off in debt and I’ve finally got to the position where I have a £1000 emergency fund! + +As I currently live with my parents. My monthly commitments total around £500, so I’m left with around £1000 to save. + +Currently I’ve opened a Monzo account so I can budget and track my everyday spending. + +I’ve switched my current account to NatWest from Lloyd’s to take advantage of their £150 switch offer. I’m going to use this account to pay my bills/direct debits. + +I’ve also opened a TSB 5% current account for short term savings. Will deposit £500 a month. Ideally want to get a newer car for around £4000/5000 once I get my 1 year no claims in November! + +Opened a LISA with Skipton (£250 a month). Looking to move out in around 5 years time. + +Looking to open a Vanguard S&S ISA (£100 a month). I am a little apprehensive about this, with Brexit on the horizon however I have read that time in the market beats timing the market. + +Planning to increase my NHS pension, I currently pay 5.6% which totals around £75 a month. Debating between an ERRBO or an additional pension. + +If someone would take the time to critique my savings/investment plan I would be very grateful! I’m still fairly new to all of this, so would appreciate any advice. Thanks in advance! + + + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Apes I’ve worked so hard pushing my food budget to bare minimal and working more putting like 80% of my pay check away and buying GME up down sideways any price any opportunity tomorrow at market open after my pay check this ape who’s been here PRE-January will finally be an XXX ape 😭😭😭 genuinely so happy and still holding strong + +Apes remember there’s apes like me who made sacrifices and continues to buy and hold regardless + +Apes strong together + +Once market opens tomorrow I shall be so happy. We don’t set dates but tomorrow is a date for me to remember and be happy just want to say this community is amazing (it’s 2:19am London time) + +Edit 1 : your comments already was so lovely and quick in response I ended up tearing up and one comment broke the camels back I cried you apes and apettes are amazing your worldwide but I feel like your in my room with I’ve NEVER felt so connected to a community like this before + +Edit 2 : I had the worse double shift today at work (I’m a waitor in a fast pace busy restaurant . I had a shift that was so busy I just wanted to quit but I kept thinking about holding and this milestone and your response just made me realise why I kept this well-ish paid hospitality job. HOURS——> PAY ———> BANK ——-> GME ———> (ohhh nothing next just hold) work more and repeat. Honestly your responses just made a crazy 13 hour shift which ruined my day be saved by your ape I will never shut up how much you apes strengthen each other when I need you most emotionally today you was there to congratulate me. If I could hug you now I would. + +Edit 3: Apes after a brief moment where I cried I had a flashforward to my celebration of leaving my job (I plan to see my one best friend who is what I call my brother one my last day of work post MOASS) also I’d love to meet any ape in London post MOASS for a banana or crayon milkshake. + +Edit 4. All your support is amazing I know I may be repeating myself but it has to be said. I don’t know I’m just emotional and you apes made me feel supported more support than I have been give in 22 years. I can’t wait to see THE NEW WORLD US APES CAN HELP IMPROVE. + +Edit 5. All your comments made me support happy but it’s 4:44am ape needs a nap goodnight + +Edit 6. Apes I definitely am grateful to wake up to this overwhelming response I will look after my health don’t worry and I shall keep buying and holding. I’m so excited 1hr 45 till open + +EDIT 7 (last EDIT). IVE JOINED THE XXX IM SO HAPPY +I LOVE YOU APES AND APETTES +APES STRONG I SHALL HOLD THE LINE +CANT STOP +WONT STOP +GAMESTOP +💎🙌🏽 +OK, so I'm new-ish to investing and I know I'm not meant to check values each day and I know it's a long term investment (I'm looking at 10-12 years) but seeing my pension and ISA diminish by the day is just a little unnerving. Any reassuring words from you wise UKPersonalFinancers? +He said he was “as long as he could be” in the banking sector. + +http://www.marketwatch.com/story/steve-eisman-of-the-big-short-fame-says-the-stock-market-is-entering-a-golden-age-for-banks-2016-12-19?siteid=yhoof2&yptr=yahoo +I’m 23 looking to get into dividend stocks I already have investment stocks, I was wondering are there any platforms that make it easy to view dividend payouts and invest. Sorry if it’s a silly question all help appreciated 👍 +I gathered a list of stocks that pay monthly dividends, I have 10 in my Trading212 pie, ready to start adding to every week or month depending on funds. I want to know your takes on whether or not you think it's better to split my investment into all 10 stocks, or to go with fewer stocks and invest more money into 4-5 companies instead? + +Here is the list of 10 I have currently that I am considering investing into: + +O + +LTC + +PBA + +MAIN + +STAG + +PSEC + +GOOD + +GAIN + +GLAD + +HRZN + +If I were to narrow down the 4-5 companies, I would go with O, MAIN, STAG, PBA and LTC + +Keen to hear what you all think +How to avoid paying taxes on Dividend income? +I put 6k into Roth IRA, what else can I do? +Are there any stocks that give you stocks as dividends? Please share +Thanks and Happy new year +I was reading about preferred stocks and cumulative dividends. I learned that companies offering cumulative dividends are required to pay dividends regardless of profits. I’m wondering if there’s any inherent risk associated with cumulative dividends? I understand there’s always risk when investing but any risk specific to cumulative dividends? +I use trackyourdividends.com as a way to keep track of my investments and potential growth over the years. Which brings me to my question. I currently have around 33k invested with a dividend yield of 3.92% and YOC around 4%. When I go to the 25 year summary of future growth it's saying my annual income with be around 80k a year? That seems a little too generous considering it appears that it's just accounting for my dividends being reinvested not considering what I contribute to it every month. Just wondering what you all think. +Please leave feedback for bitcoin,com here: + +https://www.mywot.com/en/scorecard/bitcoin.com + +Guys, please take a few minutes to leave an appropriate review for the scam site Bitcoin,com + +Tag them guys, tag them and report them, it works! + +-------------- + +Some things to motivate you: + +Meanwhile, they continue milking the Bcash cow, and thousands of newbies keep buying his cowshit. + +Hell, they even give him gold when he openly lies to them and scams them in broad r/btc daylight (third link), here's some evidence of their scammy and shady behavior: + + https://cryptoinsider.21mil.com/exposing-bitcoin-com-bcash-propaganda-tool/ + + https://www.reddit.com/r/Bitcoin/comments/7cgzbv/so_i_did_5minutes_of_digging_and_oh_my_god/ + + https://www.reddit.com/r/Bitcoin/comments/7db4ov/roger_has_no_shame_he_posts_his_own_70m_usd/ + + https://www.reddit.com/r/Bitcoin/comments/7dbkxg/calling_bitcoin_cash_the_real_bitcoin_is/