diff --git "a/reddit_finance_43_250k_393.txt" "b/reddit_finance_43_250k_393.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_393.txt" @@ -0,0 +1,10000 @@ + +Using the $23.50 value, Wells Fargo says that I have an unreal gain/loss of $6690.80 (on $6784.80 of stock, lol), but using the actual value given by Yahoo Finance for AMZN stocks on 01/09/2008, my unreal gain/loss would be around $6450. Is this some sort of error caused by Wells Fargo or the person who gave me these stocks? And what should I expect tax-wise if I sell these? + +&#x200B; + +Thanks for the help + +&#x200B; + +Edit: Also, if it helps, this isn't a one-time thing. The cost basis is off for around half of the stocks. ALE has a share price at sale of $117.55 on 05/15/08, while the stock's price was actually around $38. +I have a bitcoin account in Bittrex and had deposited around 6.3 BTC (around 24000 USD equivalent in value)in my account. My account was protected with the Google 2FA system. However, on 25/9/17, my account was hacked by the following IP address and all my coins were stolen. 09/25/17 06:25:38 101.98.169.241 Mozilla/5.0 (Windows NT 6.1; WOW64; rv:55.0) Gecko/20100101 Firefox/55.0 UNKNOWN_IP_LOGIN_B4_2FA +All the money were withdrawn and deposited to the following wallet: Address: 19tzYBN4ku9xM9uPu3iaaL3Yt3QqmcLPP6 TxId: 69d1367645dd34b056859c95e5c3beff456e300f097f2ce01c0103b63da83b12 +Moreover, since I have my google 2FA protected, to change my account setting for hacking, my g-email was hacked at the moment where my Bittrex account was hacked. The hacker tricked the system by putting everything relating to the login notification emails at that time into trash bins. (I don't know how he did it, but the fact is I did not receive any notifications about my login in gmail nor login in bittrex because everything was put into trash bins) The IP address that hacked in my gmail account is: 185.20.99.20 + +First, my account was protected by google 2FA. To login into my account and change my 2FA setting, one must get my 2FA code in my mobile phone first, but I have never lost my mobile phone. I am also sure that I did not go into the phishing website to leak my account information and 2FA code because I have retained the screeshot at the moment I could not login. +Secondly, the hacking happened exactly when I tried to logged in my Bittrex account but failed. If the hacker is from outside, he did not need to wait at the moment I logged in. But in fact the case is that when I logged in on 25 September at around 6:20 am, I have to input my 2FA code but the Bittrex website told me that I entered the wrong 2FA code. At that time I thought it was due to time synchronize problem so I kept trying. But after about half an hour trial, I still could not get into my account so I decided to submit information to Bittrex support centre and ask them to remove 2FA for me. On the next day, my 2FA was removed and I was able to get into my account again. But all the money was stolen. It was weird that the staff helped me to remove 2FA setting after a day but without noticing any abnormality. +A big lesson: Never believe in Exchanges. 2FA does not guarantee any safety but could make things worse. If I did not enable 2FA or did not go through any verification process, at least I won't get all the money stolen due to withdrawal limit. + + +XXXXX + +Since the phrases that blaming the responsibilities on exchanges have been offensive to many people, I deleted them. + + +Forgive me, I am not in any moods to argue and I am going to leave this post. +If you choose to decide to believe in exchanges, that's your choice. +In fact any doubt could be made clearer if Bittrex is willing to help, but Bittrex just won't answer you when you said your money was stolen. +With more and [more metaverse hints](https://i.redd.it/nhoikg4bhp781.jpg) popping up, I want to give more on what I've found [beyond the metaverse DD from the other day](https://www.reddit.com/r/Superstonk/comments/rlq6ih/gamestops_metagame_universe_or_why_i_think/) + + + +2016: + +> [GameStop unveils publishing label GameTrust](https://www.gamesindustry.biz/articles/2016-04-18-gamestop-unveils-publishing-label-gametrust) + +2017: + +> [GameStop has more than 7,000 retail stores for selling games, but it’s also diversified into publishing games under its GameTrust label.](https://venturebeat.com/2017/02/25/how-gamestop-is-faring-as-a-video-game-publisher/) + +> Instead of competing head-on with game publishers, GameStop is going after games that might otherwise not get published or noticed. It is targeting titles from seasoned independent developers whose games could sell for $15 to $40, rather than the $60 triple-A games. + +&nbsp; + +GameTrust has some interesting tidbits [on their site.](https://www.gametrustgames.com/) + +> GameTrust's collaborative planning approach delivers greater discoverability, by leveraging leading-edge physical & digital ecosystems, backed by the reach of the world’s leading video game retailer. We focus on the business, so you can focus on making a great game. + +&nbsp; + +Here's [their partners on top of more info](https://imgur.com/V5sWtG9.jpg ) + +&nbsp; + +If you look at the last partner on there, their [recent title is this (Creativerse)](https://imgur.com/EYZCtNG.jpg) + +Which just so happens to look [a lot like a metaverse](https://imgur.com/xNA9iyj.jpg) already - https://playfulstudios.com/ + +&nbsp; + +Then they're partnered with Tequila Works [which is making a League of Legends game](https://youtu.be/9E5BCiqg9Rs) + +Who has [already made VR games with GameTrust]( https://imgur.com/oq5NSAn.jpg) - https://www.tequilaworks.com/en/projects/ + + + +&nbsp; + + +Then you've got FrozenByte [who already has a space MMO with Interactive environments](https://imgur.com/QWzndBb.jpg) - https://www.frozenbyte.com/games/ + +&nbsp; + +Oh they're also partnered with [the guys who made Ratchet & Clank: Rift Apart among other games](https://imgur.com/Q4xYtwa.jpg) - https://insomniac.games/games/ + +&nbsp; + +Insomniac games is [now part of Sony](https://insomniac.games/a-message-to-our-fans/) + +> Today we announced that Insomniac has a new home as we join the Worldwide Studios family at Sony Interactive Entertainment. It feels more like a homecoming though.  We’ve collaborated with Sony for more than 20 years — spanning all four PlayStation consoles, 20 total games and six franchises. We still work closely today with many of the same Sony teammates as we did when we released the original Spyro the Dragon in 1998. + +> The decision to join forces with Sony extends far beyond familiarity. Our studio vision is to create experiences that have a positive and lasting impact on people’s lives. As we look ahead to our future, we know that joining the WWS family gives us the best opportunities to fully achieve that vision on a much larger scale. Further, we believe that Sony shares a similar vision to positively impact players’ lives, their employees’ lives and the games industry at large. + +&nbsp; + +These are listed as partners of [Nintendo on their switch/marketplace announcement](https://www.businesswire.com/news/home/20161020005938/en/Nintendo-Switch-World-Premiere-Demonstrates-New-Entertainment-Experiences-from-a-Home-Gaming-System) goal of all 3rd party games. + +&nbsp; + + +[GameStop owns Elbo](https://imgur.com/kOrLvKH.jpg) + + +Here's some trademarks by Elbo this year + +[Controllers for game consoles in the nature of game controllers for computer games; game controllers for use with electronic computer games; apparatus for electronic games other than those adapted for use with an external display screen or monitor; apparatus for games adapted for use with an external display screen or monitor; computer games apparatus, namely, game controllers for computer games; computer game apparatus adapted for use with an..](https://trademark.trademarkia.com/gamestop-97157461.html) + +[Interactive electronic video gaming chairs and beanbag style gaming chairs optimized to increase performance in video games](https://trademark.trademarkia.com/gamestop-97043752.html) + +[Power to the players](https://trademark.trademarkia.com/power-to-the-players-97043755.html) + +TA:DR; GameStop owns GameTrust. Which is partnered with indie and 3rd party developers with the goal of + +> Leveraging leading-edge physical & digital ecosystems, backed by the reach of the world’s leading video game retailer. We focus on the business, so you can focus on making a great game. + +They've partnered with studios that have made essentially a minecraft metaverse, one who made intractable environments you can build on or blow up and are partnered with even Nintendo and possibly Sony studios through insomniac. + +The goal of the company is to allow 3rd party developers the ability to make games without jumping through the traditional methods of publishing, wonder where else you could release games.... [their own metaverse](https://www.reddit.com/r/Superstonk/comments/rlq6ih/gamestops_metagame_universe_or_why_i_think/) if they took that metaverse, made it open to mods (3rd party programmable) then at home developers could make entire games (like DOTA: Allstars or CS 1.6) inside the universe too, allowing for a full spectrum ecosystem. +(cross-posting to other subs) + +TL:DR I think we are being overly conservative in our assumptions as a community. Over 40 yrs, I'm betting that inflation FIRE followers experience is below 2&#37;, 4&#37; turns out to be a very conservative withdrawal rate, and markets keep climbing. + +A recent comment about the validity of the golden 4&#37; SWR led me down a rabbit hole. I started digging into how the US government calculates CPI and how we assume inflation works. I would love some perspective to see where my thinking can be improved. + +The basics are that CPI is very complex, but its core is measuring the change in prices. Now that is all good, but the logistics get really challenging. There is an example on [https://www.bls.gov/cpi/questions-and-answers.htm](https://www.bls.gov/cpi/questions-and-answers.htm) that talks about cheese. The government weighs the choices consumers make when they buy cheese from the grocery and use the choices people make to derive the price of cheese in the index. **So, there are two factors. The change in the price for a given choice, and the change in what people choose**. Think about this for a minute. If a new cheese maker comes out with some seriously primo shit (which most businesses are trying to do), charges a higher price (which most businesses are trying to do), and the retailer merchandises it better to change your mix (which most businesses are trying to do) **they change the product mix and create inflation. Lifestyle inflation creates CPI inflation.** Now, after reading this sub for a couple of months, I'm convinced that this crew is largely wise to these ways of the world. In general, this group probably maintains good discipline in making these choices, so they do not experience inflation at the rate the CPI would suggest. I would also postulate that as people get older, they are less likely to change their preferences and thus are more likely to contain this factor for inflation. + +Next, consider housing. I get the sense that there is significant polarization around this topic in the FIRE community with some saying one should rent and the other camp saying one should own. I have chosen to own my home. The implication of ownership is massive on inflation. 30&#37; of the CPI is based on shelter prices. These prices are assuming everyone rents. They calculate a rental equivalent for owned homes, to account for the opportunity cost an owner is accepting by living in an appreciating home. In my situation, I have a mortgage payment that escrows property tax and insurance. In total, about 1/3rd of my total mortgage payment goes to taxes and insurance. I assume that taxes and insurance will increase roughly along with inflation, but that only represents 1/3rd. My housing cost will stay the same. **Owning a home changes my personal effective inflation by 20\%!** (30&#37; of inflation is housing, 66&#37; of owners housing costs are inflation free) I believe that maintenance and other housing costs are not accounted for, but they represent a small proportion relative to the cost of my mortgage. + +Finally, consider those doomsdayers that think inflation will skyrocket, markets will crash and not recover, etc... It seems that these opinions basically ignore any progress that policy makers have made on their understanding of the economy over the past 100 years. This view is categorically false. Friends of friends were literally "in the room" in 2008 when trying to set policy to get us out of the Great Recession and banking crisis. The lessons of the past were instrumental in ensuring that the entire global financial system did not implode. We had over half of the worlds banks insolvent based on asset and liability requirements. I'm sure you don't believe me, but I was at a speech recently where those words came out of President Obama's mouth. Say what you will about his politics, but he was informed and insolvency isn't a political opinion, it is math. Short of it is, we've learned a lot that will help minimize the chance we make the same mistakes twice. **If you are going to be a doomsdayer, you are banking on innovation driving new kinds of problems, but with that comes growth in markets driven by the benefits of innovation.** +I don't really know how to find the answer to this question honestly, its a mental debate my partner and I have regularly. We are in our mid-late twenties, my net worth is between 6.9 mm to 7.2 mm depending on which way the sp500 is swinging. My break down is about 3 mm in the market, around 2.1 mm in cash (going into the market), and then about 2 mm in property (my parent's former home , it is being rented and mine (500 k) + +We have a decent living, we live in a 7/10 school district, in a 3000 square foot home right outside Houston, in a middle class neighborhood. We drive decent middle class cars (2016 and 2020). My partner is in another 2 years of nursing school, I work as an MD for a medical device company but am ready to quit and switch to something like first responders or become a small-time pilot (for about 10-15 years until I am in my mid forties) + +We do want to change our home because of various first- class problems. The garage is too tight, we have to keep dragging our garbage cans through the mud to the back (hoa neighborhood), our yard is always muddy, we aren't fans of our master bath (too small), would like to be in a slightly better unincorporated neighborhood. About 900-1.2 million would get us what we want in terms of house where we want. + +The thing is, as someone who is mostly boglehead, when I run my investments through calculators, (within the next year I want to be around 4.5 mm invested, around 500 k in cash, and the homes stay as they are), sp500 historical charts show that my 4.5mm would be between 10-20 mm in about 10 years from now barring a 2000-2010 type decade ([https://www.officialdata.org/us/stocks/s-p-500/2010?amount=4500000&endYear=2020](https://www.officialdata.org/us/stocks/s-p-500/2010?amount=4500000&endYear=2020)). Past that, my 30 year out look, I am looking at 70-150 million from that investment. Disclosure: I am more diversified than sp500. + +We dont spend a lot of money, given that our house and cars are paid off, I think our annual expenditure is 60-70 K and that includes 2000-3000 a month we blow on our selves for random things like restaurants, vacations, electronics. Realistically once we cross around 15 mm net worth (yes I am accounting for inflation), it will be hard for our expenditures to affect the growth since our withdrawal rate will be minimal. We dont desire luxury cars, watches, clothes, etc, just a nicer home. + +**So my question is should I just wait it out and let my money grow?** I know for my age having a house as big as we do now is already being far ahead of the curve and its not like I will likely need to wait until retirement for a big house, just about a decade. +Hey everyone, really enjoy lurking this sub. Thought I’d break the seal and post here to solicit your advice for my current situation – specifically, how to course-correct my investment strategy after a sudden change in career trajectory. + +&nbsp; + +First, some background about me: + +- 28yo with an engineering / stats background + +- Worked in tech for a few years as a data scientist + +- Last year moved to an established quantitative hedge fund for a front-office quant role + +- 600k liquid net worth (90/10 stock-bond split Betterment account, 401k, cash) + +- ~500k (after-tax) in RSUs for a company that will IPO in the next year or so + +&nbsp; + +My current allocation resulted from my operating under the assumption that I’d steadily progress my career in tech over a period of decades. My goal was to retire by 60, maybe 55 if things went well. + +&nbsp; + +Now that I’ve moved into this new role with a visible tie to PnL, my earning potential is higher (so is the risk, but from what I can gather the job security is decent compared to that of a discretionary trading role). The firm pays high-performers well – in excess of 7 figures per year after a few years of tenure at my level. I’d like to think that I’m on a good path after year one – my first-year comp was higher than my previous net worth. Hence, my timeline and outlook has shifted and I need to adjust course accordingly. + +&nbsp; + +I’d appreciate any advice on how to best allocate the incoming cash flow (i.e. yearly bonuses) over the next few years, assuming I’m fortunate enough to remain in this position… I’m currently fairly concentrated in stocks, don’t have any real-estate exposure, etc. If I were to invest in real-estate, I’d aim to make it as passive as possible by using a property management company. Should I stick with Betterment and dump all excess cash into there (maybe at a lower risk tolerance), so that I can take advantage of their tax loss harvesting, or am I better off with a mixture of low-cost Vanguard funds, CDs, etc? Should I consider a financial advisor or tax specialist, or is it too early? + +&nbsp; + +Currently I live in a MCOL city, but I hope to be in a position where I can fatFIRE in a higher-COL area – SF, LA, NYC, HK, London, etc. +After 5 plus years I've come up with my own strategy based around supply and demand and chart patterns,price action and finally utilizing the higher TF. My personal feeling is that it doesn't seem real lol like trade after trade waiting for it go against me and it hasn't yet. It's been 3 weeks with no lost so far. What was that feeling like for you? +Underlying rate increased to 0.9% with the bonus rate still 0.1%. + +Just logged in and saw it but has updated on their website here as well https://www.marcus.co.uk/uk/en/savings/online-savings-account +I asked the question a while ago whether or not I should totally clear my credit card debt in one go and after you advised me definitely yes i should, I finally cleared my balance in full today. I want to just say thank you to everyone on this sub for giving me that final push I needed to go without for a while to clear it. Thank you! +Tricky Tricky. + +Someone fell on a sword today at a Short Hedge Fund. Like Dollar Bill in Billions, someone decided to make a trade that might send themselves to jail today. They bought Puts at 330 and then sold off every bit of 4 million dollars of GME without trying to catch any bids. The longs couldn't scramble fast enough to prop it back up and that same group of trades bought in long. + +That's called Market Manipulation and really the SEC should be gathering up those traders for charges. We will see if that comes about. I mean I've literally lost faith in the SEC and I'm shocked I had faith after watching GME for the last 3 months. + + +I wrote some DD for today + + +[https://www.reddit.com/r/GME/comments/m2s1tz/gme\_0311\_what\_to\_expect\_the\_next\_two\_days/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/m2s1tz/gme_0311_what_to_expect_the_next_two_days/?utm_source=share&utm_medium=web2x&context=3) + This is not financial advice. I am not a smart person. I've gone full ape and DRS'd all my shares, made multiple broker transfers, and I'm just sitting on my hands waiting for MOASS but my ultra smooth brain noticed a trend. + +There is a huge uptick in negative sentiment towards NFTs, their usability, and entire concept of said NFT. + +[This was Cringetopia, 44k upvotes, 2k comments](https://preview.redd.it/c2pvlkhq5h081.jpg?width=1079&format=pjpg&auto=webp&s=cd4619641c8800a68635a8407b92962fa5458f2b) + +So it started about 2 weeks ago when I saw a couple posts hitting r-slash-all. I've been reading a lot of the comments to see the general attitude towards NFTs has been overwhelmingly negative. I don't fully understand NFT's myself, I get the concept on a very shallow level, but I'm lost when you start explaining the meat of it. Most people think NFT's are just little pixel avatars that people want to sell for a billion dollars, and they have no shelf life, no application, and just a new fad... But what people don't know is the application specifically for a marketplace of these things to make them more viable, faster, easier, and to be able to create your own NFT... or even better, a dividend of an oversold stock that would once and for all confirm that there are more shares being sold than exist hint hint... + +[r slash sad cringe, a lot of explaining why NFTs wont work](https://preview.redd.it/7c7bw8706h081.jpg?width=1079&format=pjpg&auto=webp&s=deeafe3c20641717ba7d4500113ea2ae8e64a97c) + +So here is my theory. SHF know that GME and Loopring are working towards reconstructing everything we have ever known about markets, commerce, and the internet as we know it. So at this point, spreading FUD towards apes has been... fruitless. Shareholders must continue to DRS their shares, but for the most part, if you've held this long, you're unlikely shakable. So how can they spread new effective FUD? + +The FOMO crowd. \*Untapped potential.\* Okay so jump into the mind of a man sitting in a meeting bouncing ideas on how to get apes to sell their shares. bad idea after bad idea come out to thunderous applause, then some Neanderthal has this bright idea; What if your biggest priority isn't to get people to sell, but to get people to \*not\* buy in the very near future... What if they see the NFT concept as a nail in the coffin, and when it gets launched, GME will beat out Amazon, Facebook, Wall Sreet, and EVERYBODY else to a completely new form of commerce which will send a HUGE wave of FOMO buyers to get in on the bottom floor of a revolutionary idea. What if you could stop the FOMO crowd from the get go, what if you could beat them to the punch and take it out at the knees... live another day... kick the can one last time. + +Now I'm no expert, but if I wanted to shut down something new, I would get the public to think it is silly, not going to work, and not worth the time or effort in the coming weeks. I BELIVE THAT THE NEXT WAVE OF FUD IS BEING SPREAD TOWARDS THE GENERAL PUBLIC TO NOT HAVE ANY FAITH IN NFT'S. + +We have seen this before, and it set humanity back centuries. Tesla v Edison, Edison spread FUD against Alternating current and got the general public afraid of the better idea. Sending the electrical age onto the path of Direct Current instead. We saw automotive giants watch as cities across the country prepare to build massive public transport systems. They spread fud about the annoyances of trains and how luxurious the car is, they bought up the public transport projects and shut them down. its why cities across the US have absolute trash public systems, because they were killed off before they could take off. + +[First exposure for 15k upvoters, 1.9k commenters](https://preview.redd.it/hcc3gbv36h081.jpg?width=1080&format=pjpg&auto=webp&s=721b7c5c8cabb86cdfd5b0fa3774059b242ad238) + +So don't just take it from me, look at some of the top posts recently when you search NFT and sort by relevant... all those 15-20-30k karma posts are suspiciously popular, especially since this early in the NFT game, I would suspect these posts are the first interaction and first exposure for a LOT of folks who are just learning about NFT's. So once GME and Loopring make an announcement, If people hear "Game Stop, NFT" they will only have a few memories to form an opinion, ad since they are negative, they wont "buy in" to the shares, or the concept. and that my friends, is how you cut off the FOMO crowd by making them doubt the very concept they so desperately need. + +[More fud in meme form.](https://preview.redd.it/c237ll896h081.jpg?width=1080&format=pjpg&auto=webp&s=0d039054fd50134d228388c5b944fa1eeba8114b) + + So what can you do? Honestly, I'm not sure. try to educate people on how NFT's can be more than a twitter profile picture, and their application on wall street will change the game forever. Being able to digitally buy and sell games, profiles, in game items, skins, maps, etc. I think educating the public is our best bet to beat this form of FUD. + +&#x200B; + +At the end of the day DRS your shares. this is the way + +&#x200B; + +Everybody at Citidel can go fuck themselves. + + +Todays slide caught me and ended up losing 1 mil in SPX vertical puts. Needless to say that I am devastated and Yes i am a complete fool and lot more but none of that helps me now. + +Is there anyway to handle such loses with taxes other than 3k year capital loss deducation. I only have around 60-70k capital gains till now for the year which i believe i can offset with these losses ? Are there any other backdoor ways of handling such a loss ? + +Attaching a snapshot from TD account with 750K loss. I had another one today from etrade with 600 contracts for exact same put vertical. + +[https://imgur.com/a/wYbxZPW](https://imgur.com/a/wYbxZPW) + +thank you. +Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there. + +After testing them again... well, I've pretty much come to the same conclusion. However, the price no longer dissuades me like it once did. It certainly can't replace human massages, but I did come out of it feeling fairly relaxed and having some muscle tension reduced. I'm thinking it's something I could really incorporate into my daily routine for 30-60min. + +My worry is that the settings are more limited than I'd envision, or the same repeated few patterns of massages become less useful or uninteresting over time and it ends up sitting there collecting dust until I inevitably sell it for 1/3rd the price. + +Idk if it's reasonable to sit in a showroom for 3-5 hours testing a chair lol + +Anybody here have them? What do you think, worth it? +Early 30s male. \~$6.5M NW (down from a year ago, like everyone). I live in a medium to low COL city in the United States that I grew up in and made my money in so I have tons of family/friends/professional connections here. + +Been FatFIREd for about 3 years after being an early software engineer at a tech startup. A combination of waiting to see how Covid impacts the world and waiting to see how some of my illiquid finances shook out, have had me in a “wait and see” mindset that I’ve used to justify not diving into anything that would be a significant long term time commitment. + +My problem is that I feel stuck in that “no commitments” mindset even though I now have a clearer picture of the future than before and no longer have reason to believe I might get significant new information soon. I’ve got a list of interests that in principle I would love to dive deeper into, but I have a hard time giving any idea serious consideration if it would mean limiting my ability to travel frequently or just generally reducing my amount of free/flexible time. + +Has anyone else been in a similar situation? How did you handle it? Should I just embrace this and focus on things that are not big time commitments that I enjoy? (This is the status quo for me right now.) Or should I put more effort into evaluating potential passion projects that might be limiting to my lifestyle? If so, how do I “convince myself” to do this? +I've been inspired to share some ideas and maybe some lessons. So here goes... + +I think FatFIRE is also about taking responsibility for your family and your life. Planning for those unknown unknowns as best anyone can. So, the first one is super simple, but the payoff to effort ratio is great! + +The Grab and Go Bag! I created this bag if I need to quickly leave my house. (wildfire, freezing winter storm, etc.) It has an 8 1/2 x 11 plastic zip lock folder for each person in the house. It has any vital documents: birth certificate, passport, immunization, etc. It also has copies of all vehicle titles and real estate deeds. + +Everyone knows if they take anything from this bag, it's always returned so there's no fire drill for where our passports are when we are leaving the country. + +While these things can be replaced, it's a lot easier if you have them. Why plastic? Water. You don't want to lose the docs if they get wet. + +I know most insurance can be accessed online, but having any insurance contact information will be helpful (what if you lose your phone?) and definitely physical copies for property in foreign countries. + +I also keep around $25K in cash in the bag. You never know. + +Let me know what anyone else keeps in their bag! + +\---------- + +EDIT + +Thanks for the replies. Most helpful has been u/sonofasonofason to add a backup 2FA device and I'll also add a phone charger to the bag. + +To be clear, the threat I am mitigating against is a disruption of my fatFIRE lifestyle cause by loss of use of my primary residence. I am NOT mitigating against: + +* Zombies +* Roving bands of marauding thieves +* SHTF +* Collapse of the US Dollar +I sold my MacBook on Facebook marketplace for $1,200 including shipping. The buyer wanted to use Venmo, but I explained to her that I don’t have Venmo and asked to use Zelle instead. She told me she had all her money in Venmo, so I figured okay I’ll just download it, it can’t be that hard. + +She sent me the $1200, but then Venmo sent me an email saying I couldn’t get the money because I didn’t have a business account, and that the buyer would have to send an additional $800 so I could have a total balance of $2000. I would then have to refund the $800 to the buyer via Zelle, Apple Pay, or a vanilla visa gift card. I went with the gift card and sent my buyer and Venmo pictures of it. + +Now I am being told that my buyer needs to send an additional $1000 so I can get a Venmo certificate and receive my funds. I need to do the same thing as before and send yet another vanilla visa gift card ….. + +I am really confused and afraid I have been scammed. Is all of this normal??? Or are my suspicions correct? If they are, then what can I do at this point? + +Edit: holy shit you guys I know I’m being scammed now. Stop commenting that, y’all’re just rubbing it in 😭 + +Edit 2: I am a wildly lucky girl. I just got a call from the UPS store letting me know that my package will be returned to me!!!!!! All thanks to a random mechanical error that delayed the shipping. + +Obviously it sucks that I got scammed out of $800 + the $140 shipping fee, so almost a grand. But at least I learned a very important life lesson. You all can go on and on about how stupid I am for falling for this, and while I probably am quite stupid, just know that scams can happen to anyone, including yourself ….. + +Edit 3: Woohoo, since my shipping was delayed the $140 fee will be refunded to me. +I have a little over $11,000 in savings right now, it’s all from working at Walmart, selling embroidery pieces that I have made, and babysitting. I buy things I want but mainly only things I need. I have no bills to pay and am currently living with my parents so I’m lucky. I start college in the fall so that’s when I’m going to have to start spending big time on textbooks and stuff. Any advice on what to do with this money though? I don’t know much about investing. + +Edit: not sure if it matters but I completed my Associate of Science while I was in high school for free through a community college, so I’ve also saved a lot of money already by doing that. I’m technically a transfer student so I’m hoping to get some scholarships for my grades, I’m going to major in computer science btw. + +Also, the university Im attending is around $24,000 a year. I only have to live on campus for one year, then after that I’m just paying the $12,000 tuition for the next 1-2 years (not sure if I will be able to complete the degree in less than 3 years, that seems like it would be difficult) +[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/) +>Active management is bad and it’s getting worse.  Every year, S&P Dow Jones Indices does a study on active versus passive management. Last year, they found that after 10 years, 85% of large-cap funds underperformed the S&P 500, and after 15 years, nearly 92 percent are trailing the index. + +That alone sounds pretty bizarre... However I think there are nuances to that. + +What's your success rate as a DIY investor/trader? Have you managed to beat S&P 500 over the course of at least 2-3 years? If you did what helped you the most and how you had to adjust your approach? +Throwaway account, not sure if this is the right place to post due to larger dollar values vs. what is usually posted on this subreddit... anyway... + +My wife and I haven't directed any $ specifically for college savings yet. With 3 kids coming up to college age starting in less than four years, how should I be investing moving forward? + +Let's assume I have the following: + +* Kids are 15, 12, and 9 +* Wife and I are in our mid 40's, make $150K+ annually, and have a $161K mortgage w/17 yrs remaining. +* $250K in checking and savings. +* $900K in retirement plans (401k's, IRA's, etc. - 85% in S&P 500 index funds) +* $200K in my company's stock (accrued via ESPP) +* $0 in any other stocks/bonds + +What I know I'm going to do for sure: + +* Don't touch the retirement funds +* Keep $100K as an emergency fund +* Keep $50K as free cash (regular savings) + +Changes my gut says I should do: + +* Reduce my investment in my company stock down to less than $100K +* Put the max $140K into the 529 account (lump sum max for 5 years as per 529 tax rules). Initially invest 50-75% S&P 500 index fund, the rest in government bonds, and reduce down the stock exposure as my youngest gets to 18 years old (9 years from now). +* Invest the remaining from company stock into... cash? more index funds? + +Thoughts? Again, trying to figure out how much we should throw into a 529 (or a new 529 account) or skip it altogether, what funds we should be investing in (and with what ratios), and how much we should divest from my company stock (and when). Also, should I consider anything else? + +Apologies if there's a better place to post this, just let me know where... +I feel like I know how people on this sub will answer, but how does everyone feel about using personal investors or brokers? + +I know many of them try to sell things, or are not honest, but for the sake of argument, let's say you find someone good. Is it worth it to have managed funds and someone to help you navigate investing? Or is vanguard or schwab always the way to go? +I have about $90k in a tax account (Robo adviser) that I’ve been saving for a house improvement. Due to circumstances we’re going to probably put that off for a year to 18 months. So I’d like to get the cash somewhere that makes sense without moving to straight cash. With CDs being so low, I started reading about I Bonds. + +I’m wondering if someone can answer for me what is the major drawback for stashing your cash in an I Bond? I’ve read they are locked for 12 months but it seems like the only drawback is if you cash the bond in before 5 years you lose out on 3 months interest. Is that it? If so seems comparable to CD but with a much higher potential interest rate given inflation predictions. TIA! +Anybody and their mother can make a QuantConnect + TradingView account and make a simple Python script using some indicators. + +I skimmed through the top posts from the previous year (and the comments on them). The overall vibe in this subreddit is, it's vastly understated how complicated it is to have a winning strategy. + +I just want to make sure I don't waste time going into this if simple things like RSI + MACD divergence + Bollinger bands don't "win". + +What is the simplest known strategy that is even remotely winning? +Is it worth spending my time to learn Python for any of the cases above? I mean, is it possible for an outsider (market amateur) to grasp some edge using python? Sometimes I get the impression that it is beautiful but useless (for a non phd/ mathematician). +Just wondering what tech stack everyone is using. + +- Custom platform or a commercial one? +- If custom: +- Language(s) and what purpose each one serves? +- Datastore? Do you use a regular db like postgres or a specialized time series db? +- Architecture? Do you have a big monolothic app? Microservices? Use a message queue? +- What mistakes did you make designing your platform early on? Did you waste time on dumb shit? Did you make naive decisions you had to undo later? Any other general 'lessons learned' advice? +- How much data is flowing through your system (ticks for the entire us stock market? or just hourly forex bars?) +Think about it.. Maybe they want us to invest in all these other stocks as well so that we can’t put our “full strength, power and potential” into the 2 stocks that we focused on in the beginning. I just realized I’ve been investing all this money into these other stocks when I could’ve just stuck with GME and AMC and made a bigger difference (in my opinion) rather than spreading myself too thin between like seven or eight different stocks. This is just a question I was thinking of and don’t know what the answer is please don’t think I mean any harm to the movement. #keepholding #hodl #tothemoon + +Edit: APES** 🦍🚀🌖💎🙌🏼 +🚀HODL 2.0 LAUNCHES ON ITS THIRD EXCHANGE IN 3 WEEKS AND WE HAVE JUST BEEN TRACKED ON CMC🚀 + +HODL2.0 Launched on DEcoin today one of the exchanges with the highest volume there is right now! + +Add that to our Bitmart and XT listing we have not stopped Delivering for our Hodlers! + +We have fully integrated Tokenomics on 2 of the 3 exchanges that feed directly to our BNB reward pool! + +‼️V2 UPGRADES‼️ + +Huge upgrades have been made to benefit every single one of our current and future investors. + +New features including: + +💯 Fibonacci pool to make the reward pool sustainable and less volatile! + +💫 Automatic BuyBacks will be burnt creating stability of the price! + +💰 Compounding with slider. Choose how much to reinvest vs. claim as BNB daily 50% of reinvestments gets burned🔥 + +👉Controllable sell bot to diminish sell pressure on command. + +✅ Every transaction is taxed 10% with the below distribution :- + +💸 4% - BNB Reward pool + +🌊 2% - Liquidity pool + +➡️ 2% - Reflections back to holders + +⬆️ 1% - Buybacks + +🧩0.75% - Marketing + +👨🏼‍💻0.25% - Team + +✅ Liquidity locked + +✅ Certik audit applied for + +✅ Live on Pancake Swap now + +✅ CoinGecko/CMC applied for + +✅ Anti Whale mechanism + +✅ Gamification launched + +CONTRACT ADDRESS: 0x5788105375ecf7f675c29e822fd85fcd84d4cd86 + +Come and join our Community and ride the HODL wave! + +TG: https://t.me/hodlinvestorgroup + +Check out the website + +Web: https://HODLtoken.net +🚀HODL 2.0 LAUNCHES ON ITS THIRD EXCHANGE IN 3 WEEKS AND WE HAVE JUST BEEN TRACKED ON CMC🚀 + +HODL2.0 Launched on DEcoin today one of the exchanges with the highest volume there is right now! + +Add that to our Bitmart and XT listing we have not stopped Delivering for our Hodlers! + +We have fully integrated Tokenomics on 2 of the 3 exchanges that feed directly to our BNB reward pool! + +‼️V2 UPGRADES‼️ + +Huge upgrades have been made to benefit every single one of our current and future investors. + +New features including: + +💯 Fibonacci pool to make the reward pool sustainable and less volatile! + +💫 Automatic BuyBacks will be burnt creating stability of the price! + +💰 Compounding with slider. Choose how much to reinvest vs. claim as BNB daily 50% of reinvestments gets burned🔥 + +👉Controllable sell bot to diminish sell pressure on command. + +✅ Every transaction is taxed 10% with the below distribution :- + +💸 4% - BNB Reward pool + +🌊 2% - Liquidity pool + +➡️ 2% - Reflections back to holders + +⬆️ 1% - Buybacks + +🧩0.75% - Marketing + +👨🏼‍💻0.25% - Team + +✅ Liquidity locked + +✅ Certik audit applied for + +✅ Live on Pancake Swap now + +✅ CoinGecko/CMC applied for + +✅ Anti Whale mechanism + +✅ Gamification launched + +CONTRACT ADDRESS: 0x5788105375ecf7f675c29e822fd85fcd84d4cd86 + +Come and join our Community and ride the HODL wave! + +TG: https://t.me/hodlinvestorgroup + +Check out the website + +Web: https://HODLtoken.net + + +So, what's going on? + +Well, there are a number of factors that contributed to the falls. + +1️⃣ There was a massive drop in Bitcoin hashrate. This was attributed to blackouts that have been instituted in China. As we know, Chinese miners control the overwhelming amount of Bitcoin hashrate (a concern I have raised in the past). Of course, a collapse in hashpower not only creates FUD about network security but it also means that transactions slow to a crawl + +2️⃣ Rumours (or FUD) that the US Treasury would be charging financial institutions for using cryptocurrencies for money laundering. So far, these are unconfirmed and I can't see any official sources. Either way, it spooked some weak hands who then may have dumped. + +3️⃣ Massively overleveraged longs. Highly leveraged positions can lead to a cascading impact of further liquidations. That is because when an exchange liquidates a losing position, they have to sell the underlying cryptocurrencies and convert into USDT. This selling pressure itself leads to further falls in the price and hence liquidations. + +So, from my read of the situation, it appears to be because of FUD that leads to a small correction which is exacerbated by the leverage in the market. + +I think this should further illustrate the risks that come from trading with leverage. It is often shilled as a method to easily multiply your crypto gains whereas the reality is often quite different. + +Anywhoo, that's a bit of a market update. I am not too phased by it if I’m honest. + +Source : coin bureau. Check out the : YTC https://youtube.com/c/CoinBureau + + +------ + +Sources: + +Hashrate Fall 👉 https://twitter.com/cryptoquant_com/status/1383687732082348032 +Miners Collapsing 👉 https://bitcoinmagazine.com/business/bitcoin-mining-hash-rate-drops-as-blackouts-instituted-in-china +Chinese Miner Control 👉 https://www.youtube.com/watch?v=qctnB6DHMLA +Rumous of Treasury 👉 https://twitter.com/Fxhedgers/status/1383611847144730626 +Leverage Being Rekt 👉 https://twitter.com/coinbureau/status/1383757303099232263 +I’m almost 30 and don’t have much in my savings account. I have just recently learned that I need to start saving. + +My problem is that I have made multiple bigger purchases (of which some are items I didn’t absolutely need) over the years using the ”small monthly payment of X for 24 or 36 months” method and now I’m in a situation where most of my money after rent and food goes towards the monthly payments and nothing is left for savings. + +I know that I can only blame myself for getting into this. Money has always been a huge taboo in my family so I never got guidance on personal finance or money in general. I can’t talk about this situation with my parents or other family members so I’m reaching out to you guys. + +How do I get out of this situation? +How do I stop buying stuff that I can’t afford in a single payment? + +I would love some help on getting out of this. Any tips are welcome. + +Edit: Re-formatting my question since it could be interpreted in a way that I would blame my parents for my situation - which I really am NOT doing, I’m 100% responsible for getting myself into debt. + +Also thank you so much for all the people who have given good and encouraging suggestions! I now have some actions to take. +Finally got our conditional approval today for our property under offer. It took a total of 38 days from application submitted to conditional approval. + +The only thing required for unconditional? The banks own valuer forgot to cite the certificate of sale in his report. Now to wait another several days to go unconditional but thank god they finally got back to us. We had conditional pre-approval initially before looking for places and that took 1.5 weeks to come back. + +Total experience, we've spent about 50 days so far trying to get unconditoonal approval. They don't have any issues with literally anything else. The only things holding it up was their own slow and incompetent loan assessors repeatedly asking for info they already had. That and the valuer not doing his job properly. Valuation came back at 78% LVR though so we are very happy as we expected to pay LMI but the property is worth more than we paid apparently. + +Super excited to finally get our first home in a few weeks on the settlement date. + +Edit: We used a broker that has a loooong history with ANZ. He has never experienced the poor service we got before. +We hit our number last week, and now are consistently above it. Since this is my main account, I am not going to delve into detailed numbers. + +Our plan is to work a bit longer with retirement dates of either Oct 2019 / March 2020 / Oct 2020. Why? + +* I get big bonuses on those dates. So I want to retire on the same day I get the bonus. +* My wife recently got a huge raise, and she is reluctant to quit right away +* this might all change if work bullshit becomes too much + + +Our main worries for retiring are: + +* My wife sticking to a budget. She isn't a big spender but she likes to do whatever the fuck she wants. This has worked ok when we had a savings rate of 50%, but won't work. +* my wife is worried about being bored. She isn't real good at amusing herself (unlike me). I think its likely that her job will let her work hourly if she asks. I really hope she does this, as it will address the budget issue too. + +Our journey to FIRE + +* I have always had a frugal mind set. So while I didn't start off on a plan to retire early in my 20s, we did save a fair amount. +* We both managed to get undergraduate & graduate degrees with very little debt. This was a big win for us, as we didn't spend our 20s paying off student loans. I received scholarships, and the wife had her parents pay for undergrad, and she did grad school in her 30s when we had great income +* We saved 20-25% of our net income in our 20s, and by our mid 30s were closer to 50%. Now we are over 50% saving of net income.The trick was to keep our lifestyle roughly the same while income grew +* A big game changer was quitting our job and taking a trip around the world. We did this in 2006, and it completely cracked our skull open. We left the trip saying, we need to design our life around travel. +* Another big factor was I got 100% raise in 2008. This enabled us to move our saving rate up to 50%. +* We have delayed retirement dates to do other things. For instance, we have taken 3 month plus trips in the last 6 years (S. Africa/Zambia, Indonesia, Vietnam). We have a trip planned to portugal/spain although we might retire first. We also lived in New Orleans for a month on two occasions. Furthermore, we are helping to save for our nieces / nephews college education. These were all strategic choices, which probably slowed our ability to retire. +* We own a large house that eventually we will sell. We designed retirement with keeping the large house, but reality is that we won't do that. +* I work in tech, the wife in non profits. +# 30-day challenges + +We are pleased to continue our 30-day challenge series. Past challenges can be found [here](https://www.reddit.com/r/personalfinance/wiki/30daychallenges). + +This month's 30-day challenge is to **Cut spending meaningfully!** What does "meaningfully" mean? You get to decide that for yourself, but it should be a bit of a challenge. Set a goal that is neither too easy nor too difficult and track your progress. This month's challenge is about making intelligent spending choices so you can better allocate your money and reach your financial goals. Here are some tips to get you started: + +* If you participated in September's challenge, you have a bit of a head start. Use what you learned to identify a budget category to attack and set a reasonable goal to reduce your spending in that area. + +* If you did not participate in September's challenge, you can still participate! Use [Mint](https://www.mint.com/) or look at your banking statements to review your spending for last month to identify your budget category of choice. + +* Set a measurable monetary goal for yourself. "Spending less" is not measurable. Adopt a specific numeric goal so that you can clearly identify whether you were successful. + +* Keep your goal reasonable. Spending $0 on housing might save you a lot of money, but it is probably not be a reasonable goal for most people. + +# Challenge success criteria + +You've successfully completed this challenge once you've done each of the following things: + +* Identified at least one budget category where you will reduce spending and set a specific goal for that reduction. + +* Shared that budget category, last month's spending in that category, and your measurable reduction goal in the comments on this post. + +* At the end of the month, share whether you met your goal in this thread or the weekend victory thread! + +Good luck! + +I think the number of lost or forgotten coins is much higher than current estimates. + +As of yesterday when I ran the block parser there were 38,399 addresses with a balance of 50 BTCs. Almost all of these coins were minted in 2009 and 2010 and have never been touched since then. That's almost 2 million coins sitting just there. + +Add to that many others in addresses with much larger balances with inactivity since 2009-2010 and I estimate that somewhere between 30-40% of all BTCs are out of circulation and will never be accessed again. + +Hi so in the 21-22 tax year I crossed the 40% threshold. + +If I understand correctly I am going to have to pay a proportion of the child benefit back. + +I'm reading about the possibility of paying into my personal SIPP a lump amount to take me below the threshold, giving two benefits, keeping the full child benefit, and a 20% tax relief on that lump amount. + +I would need to complete a self assessment to hmrc when I do, and can do this in the 22-23 or 23-24 tax year. + +Have I understood correctly? + +Any advice appreciated. +About 5 years ago I opened an account with Wells Fargo in the United States. I did so because at the time I was doing freelance videos for a media company in California. I was not a citizen or resident of the U.S. but I was able to travel under a visitors VISA and open the account. Fastforward 5 years and the account was never used. And the balance which I opened it with (a mere $200) was automatically transferred into another savings account which was opened at the same time. + +I am now a resident and citizen in Australia and I finally decided that I wanted to get my funds from the U.S. account. However... the chequing account had been run dry (from the automatic transfer to the savings account and some misc fees) and it was therefore closed. The remaining balance (around $200) was now sitting idle in the savings account... + +I called and tried to work out how they could close the account and send me the balance to my bank account in Australia, but it turns out this was impossible as the following scenarios show: + +* Closing the account: They can only give me the balance of the account in cash or a cashiers check. Cash can't be sent over mail (and I'm not sure if the cashier's check can be either). Cashier's cheque can't be cashed out in Australia... NO GO. +* Simple wire transfer: The particular savings account cannot transfer to another bank ~~or effect wire transfers~~. It can only transfer to a customer account (like my checking one, which they closed!)... NO GO. +* Opening a new checking account to transfer the money from the savings: The bank cannot open an account over the phone if I am not a U.S. resident or citizen... NO GO. +* Sending me a card linked to the account so I can withdraw the funds. I would have to give them a new address in the U.S. for them to send the new card (and somehow arrange for this card to be sent to Australia)... NO GO. + +They had me on the phone for over an hour... and I was about to give up and attempt the last option (find a friend/family member in the states that could receive my card and have him mail it to me)... but then an idea dawned on me and I got off the phone... + +I simply used the routing number and account number and got the savings account verified with Circle (took about 2 days). I then used circle to buy the balance of my account worth of bitcoin! And I now have that money in bitcoin (and I could trade it for Australian Dollars via Coinjar if I wanted to!). + +I also did some calcs and the exchange rate through BTC would be better than buying Australian Dollars in the U.S. This shows why Bitcoin has such great potential for remittances! + +TLDR; Couldn't close US account and get funds in Australia. Signed up with Circle.com and bought the balance of the account in Bitcoin instead. Money is with me now. +Hey everyone, + +Long-time lurker, first time poster. Some background - I'm a current homeowner of a small 1-bed flat with my partner. Take home pay combined is £3,400. Have a few loans we're paying back as well as credits cards, after all bills and the like are paid we have around £400 per month leftover. We set some money aside for an emergency fund and for day to day living, and we're usually left with around £100 per month at the end of each month. + +I've been told by numerous people to take the £100 and start using it to invest in the stocks and shares market, as there's a much bigger return if investing now while we're young (am nearly 31, my partner 27) as opposed to ISA's and the like. Issue is, I have absolutely no idea where to begin. I hear so much talk about Vanguard but I don't know which option to go for when it comes to long term investing or really what I'm doing. I know all investments are technically a gamble of sorts, but I don't want to get off on the wrong foot + +The idea is that we start this venture next month in April. By December this year, our loans will be paid off and it'll free up some more money towards any investments to really maximise our pot as it were. We already overpay on the mortgage by a couple of hundred pounds a month too, we're fixed for another 4 years and by then we'd probably be looking into getting a bigger property for when we look into starting a family and moving out of the area we're in currently and somewhere cheaper where our money would go further. + +Any general tips, advice etc on the investment front would be greatly appreciated. Thanks in advance for taking the time for reading, and have an awesome Sunday. + +Will +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. + +* [A Bear squeeze](https://www.investopedia.com/terms/b/bear-squeeze.asp) + +I believe we saw the firsts attempt at this Thursday because there's no way retail could drive the price that high alone. For those who don't know what a bear squeeze is it can be an intentional event precipitated by financial authorities, e.g. citadelvin, Blackrock, or it could be a byproduct of market psychology where market makers, taking advantage of waning selling pressure, intensify their buying efforts to push that security's price higher. Diamond hand traders accumulate long positions in heavily shorted assets in the hopes that a bear squeeze might be in the offing. + +* [March 4th $GME hearing](https://www.banking.senate.gov/hearings/wall-street-vs-workers-how-the-financial-system-hurts-workers-and-widens-the-racial-wealth-gap) + +THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet REMOTELY to conduct a hearing entitled, “**Wall Street vs. Workers: How the Financial System Hurts Workers and Widens the Racial Wealth Gap**.” The witnesses will be **Ms. Abbye Atkinson**, Assistant Professor, UC Berkeley Law School; and **Dr. Darrick Hamilton**, Founding Director, Institute on Race and Political Economy, The New School. Additional witnesses may be added at a later date. + +Pursuant to guidance from the CDC and OAP, Senate office buildings are not open to the public other than official business visitors and credentialed press at this time. Accordingly, in-person visitors cannot be accommodated at this hearing. We encourage the public to utilize the Committee’s Livestream of the hearing, available on the website at [http://www.banking.senate.gov](http://www.banking.senate.gov/). + +All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including a closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date. + +* [March 2nd T+2 settlements](https://www.sec.gov/news/press-release/2017-68-0) + +This largely depends on how many calls were actually exercised on Friday. We saw the huge block and sweep calls ordered on Thursday so they could've been synthetic short positions or hedge funds on our side. + +Here are better DD's: [https://www.reddit.com/r/wallstreetbetsOGs/comments/lsa5fy/ive\_literally\_never\_seen\_call\_options\_sweeps\_like/](https://www.reddit.com/r/wallstreetbetsOGs/comments/lsa5fy/ive_literally_never_seen_call_options_sweeps_like/) + +&#x200B; + +# MARCH FUCKING 19TH + +Heavy speculation on this date because of the large option volume and [FTDS](https://www.investopedia.com/terms/f/failuretodeliver.asp) possibly required to cover by the 17th. DD [Here](https://www.reddit.com/r/GME/comments/lsfmjo/what_whales_buying_in_yesterday_tells_us_about/) + +Credit to u/ThatGuyonTheReddits. original post: [Here](https://www.reddit.com/r/Wallstreetbetsnew/comments/ltix98/friday_22621_update_and_31921_really_may_be_the/) the text weird so I pasted it on here too. + +>Well, today was a battle. And I think I was wrong. Let me explain our situation as I currently see it through hind-sight. They shorted over 22mil shares today to try and drive the price under $100. That's 55mil short sales in 48 hours. Considering the 9% borrow rate, a lot of these are still outstanding as well. As an aside, I still want to know how in the flying fairy fuckery you can find 22mil shares in a single day to borrow to short, when only 350,000 were available at the opening to the day. You're telling me shares to lend get 6500% easier to find as the day goes on? Directly following a day they just shorted 33,000,000 shares? If you think any alphabet agency is going to help us, the last two days should show you that they just don't care about investigating what the hedgies are doing during all of this. If 55,000,000 shorts in two days, on a stock with 70,000,000 shares, doesn't raise alarms... nothing will. We're on our own. And if this really does crash the market at the end of all of this, it's 100% the SEC's fault for not stepping in when shit like this is obvious befuckery. They are complicit in allowing it to happen. So what happened today?... I think a sneaky smart play was made. Looking at the Open Interest on call options on the chain, the $105-$150 options had INSANE volume today. There is 744 Open Interest for the $110C 26Feb21... There was 7,719 Volume today! There is 1,150 Open Interest for the $120C 26Feb21... There was 10,282 Volume today! There is 3,064 Open Interest for the $150C 26Feb21... There was 24,586 Volume today! So what do I think happened behind the scenes today? I think all the call sellers from $100 and down were hedging their deliveries with higher calls... but I think ending at $101 is going to force them to deliver on their own. Over 47,000 Call Options finished ITM at $101. That's "only" $470,000,000 to exercise those contracts and force delivery of 4,700,000 shares next week. Remember, they spent $200,000,000 in borrowing fees shorting the stock yesterday alone. They spent another $200,000,000 today in borrowing fees. Half a billion is nothing in this war. There were another \~30,000 options waiting to hit from $105-$150. But I think someone was brilliantly smart enough to keep them out of the money... I think someone knew that those 30,000 call options were the hedgies only option to help cover those 4,700,000 shares without going to the market for them. And I think the big players let it finish at $101 because they knew it would cause the most pain from deliveries for the hedgies. They let the price run up just barely under $150 to force the hedgies to cover with those higher calls... and then allowed the price to pull back to make them lose the premium and force them OTM. This is a well-known options attack plan. They literally played the hedgie's game against the hedgies. It was too easy to push the price to $143 this morning, and I think someone knew something was up and changed the battle plan. So now we stand at a possible 4,700,000 shares needing to be delivered by Tuesday, plus whatever outstanding shorts now exist from those 55,000,000 shorts in the last two days... plus the (at least) 60% previous short float. Let's be conservative and say that they paid off 75% of the shorts from this week, and 50% of the shorts from the finra report... 70,000,000 float x .6 (60% short) = 42,000,000. Let's say they cleared half of it... 21,000,000 shares. 55,000,000 shares shorted this week. Let's say they cleared 75% of them... 13,750,000 shares. And let's say that only half of those 4,700,000 get exercised this weekend, or that half were sold covered... 2,350,000 shares. At the BEST... they are now 37,100,000 shares in the hole... or 53% of the total share count. GME fell off the FTD threshold limit on 1/29/21. It needs to have 450,000 FTDs to qualify for the 0.5% threshold. On 1/29/21... every single call option under $325 finished ITM, and you can expect at least a couple of them exercised, so I'm expecting the FTDs from the first half of February to explode in size once again. And this time they wouldn't have the ETFs to liquidate to cover those deliveries (XRT blew up to over 2,000,000 FTDs on the same 1/29/21). They stopped this from exponentially blowing up the FTDs by NOT ALLOWING THE OPTIONS TO BE EXERCISED THAT DAY. [https://www.wsj.com/articles/robinhood-in-talks-to-settle-finra-probes-into-options-trading-practices-outages-11614366379](https://www.wsj.com/articles/robinhood-in-talks-to-settle-finra-probes-into-options-trading-practices-outages-11614366379) "Call options give investors a right, but not an obligation, to buy a specific amount of stock at a specific price, known as the strike price, during a specific window of time before they expire. If a call option is “out of the money,” meaning the price of the underlying stock is below the strike price, a customer is better off letting the option expire. In January, Robinhood noticed some users “were occasionally exercising OTM options, causing them to suffer losses immediately upon exercise,” Mr. Tenev said. Robinhood put a warning system in place and required customers looking to exercise out-of-the-money options to speak with a company representative first. On Jan. 29, it stopped allowing customers to exercise out-of-the-money options." Robinhood literally DID NOT ALLOW you to exercise an OTM call option on 1/29/21 to stop the deliveries of GME. A company has to stay on the threshold limit for 5 consecutive days to start the 13 day clock for forced FTD closings. If GME had over 450,000 FTDs on Feb 1, that would make day five 2/5/21. You get 13 trading days to close those FTDs once it's on the threshold report or it gets forced on the thirteenth day. 13 trading days from 2/5/21 is this last Wednesday, 2/24/21. The day that share prices exploded from $50 to $170 in a single hour. Wednesday may have been those FTDs force covering, which caused a small gamma squeeze on the open options. If that's true, and we got another FTD reset on Thursday, we are about to start the clock fresh on Tuesday when these current options fail to deliver on time. That would put the next forced closing on... You're not going to fucking believe this... ...exactly 19Mar21. EVERYTHING KEEPS COMING BACK TO 3/19/21. They spent half-of-a-billion-dollars (five-hundred-million) in BORROWING FEES ALONE this week to drive GME's price down low enough to keep the deliveries reasonable and keep it off the FTD threshold list. It was their last chance to drag this clusterfuck out a few more months... but I think closing over $100 may have just sealed the date. They didn't just short over 55,000,000 shares in a single week at $100 per share to get out from under their short positions; they did it to try and limit the deliveries from these options... and they failed. So I went to do some research on stocks that would have ZERO relation to Gamestop in this fiasco. If you look at AAPL and it's option chain... you see that all put options have very low open interest for 2/26/19, 3/5/21, and 3/12/21... On 3/19/21... Put interest EXPLODES in contract numbers and volume... March 26 goes back down to almost zero. Facebook is the same. Coca Cola is the same. Starbucks is the same. Johnson and Johnson is the same. Why the hell are investors in Facebook, Coca Cola, Starbucks, and JnJ all hedging against the exact same date? What would JNJ and Starbucks have to do with GameStop? Market makers are hedging what they own with puts to save the value of their shares they currently own in case the market implodes. I'm marking my calendar... 3/19/21 is lining up perfectly to be the day the shit truly hits the fan for the market. We're in the endgame boys. \~\~ Edit: u/Scfi4444 added below that 3/19/21 is a quad witching date (market index futures, market index options, stock options, and stock futures all expire on the same date) + +&#x200B; + +* [March 24th earning report](https://www.google.com/search?q=gme+earnings+date&rlz=1C1CHBF_enUS913US913&oq=gme+ear&aqs=chrome.1.0i433l2j69i57j0l3j69i60l2.3527j0j4&sourceid=chrome&ie=UTF-8) + +Gamestop Corporation is estimated to report earnings on 03/25/2021. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Here a DD that explains why this could be the turning point for gme's trajectory: file:///D:/GME%20DD%20-%20ShortTheNasdaq%20(Feb.%201,%202021).pdf + +* [March 31st quarterly expiration](https://www.marketwatch.com/optionscenter/calendar) + +Quarterly and weekly options trade for certain securities. Quarterly options expire on the last Friday of each quarter, meaning that options on the same stock could be expiring on both the third and fourth Fridays of a particular month. Weekly options are typically listed on Thursdays and expire the following Friday. These short-term options provide investors additional opportunities to respond to material news events, such as corporate earnings reports, industry reports, and government economic data. + +# TL;DR + +&#x200B; + +https://preview.redd.it/ihjmqpstf0k61.jpg?width=1080&format=pjpg&auto=webp&s=06094174993adc71b8ddce4ed5cc287845b9341c +The NHL just announced they’re suspending their season and it’s rumored MLB is considering the same for spring training. NBA is already done. UFC is at risk based on cryptic memes from Dana White. +All I have Hulu for is hockey and with that canceled I’ll probably cancel my HULU account and I know several other people who feel the same way. +TL;DR: DIS Puts $80 strike, at least a month from now. Reason: I’m canceling my $55 a month HULU +Hello Guys, + +Its my first winter in Cambridge and I have rented a 1 Bed flat in UK for first time. I live alone. The house has all electricity heating and boiler. The house has an old Dimplex XL Storage heater in main living room which is 11.2kW. + +I need advice on using the heater efficiently. I am on lowest E7 tariff from price comparison websites and I received 100£ electricity bill. Last month we saw snow and temperature below 10 degrees for whole month, and I varied heater output from 1-4 (heater has upto 9). I kept input dial on 6-7 (dial has upto 9) as adviced in manual for very cold night. Even after doing this I felt cold in evening as heat ran out. + +For night time I am using 2kW oil filled heater with timer in bedroom. I keep it on using timer. ON for 15 mins every 2 hours. I sleep from 10pm to 6.30am. + +My daytime usage - 300 units and +Nightime usage 600 units. + +What is most optimum setting to use for storage heater to reduce electricity bill? +Update 2: Thank you Coinbase support for reaching out to me and really trying to figure this out fast. we narrowed down the problem am it seems all the funds from the vault will be able to be withdrawn soon. + +------------------------------------------------------------------- + +Update: I was contacted by Support and they said I should use the recovery tool. It is a group vault and it didn't work, as the tool got stuck at Step 2 in "Please wait...". So we tried again and the same error. I was then notified by a user that the group vault can't be recovered using the tool!!!! You can even read it in their Repository ReadMe: https://github.com/coinbase/multisig-tool/blob/master/README.md + + Improvements missing + + 1. There is currently no error checking whatsoever. That means the tool won't let you know if something is wrong with your input or with anything else. It will just silently stop working. + + 2. There is also currently no support for group vaults. + +---------------------------------------------------------------------- + +Hey reddit, + +I am extremely frustrated with Coinbase, their platform and their support. +I have held funds in their multisignature vault and wanted to withdraw them on July 7th. Due to their broken platform I was not able to do so, as the transaction was stuck in "creating transaction" indefinately. The same process was working for withdrawals from this vault without issues before. + +I immediately contacted support which was not able to help me. They even had this amazing autoreply after 2 days because they didn't answer me: + + Josie + Jul 21, 2016 07:41AM + Thank you for contacting Coinbase Support! We sincerely apologize for not having been able to answer your request in a reasonable amount of time. + + If this is still a priority for you and you have been unable to find a solution in our Support Center (https://support.coinbase.com), simply reply to this email with a note that you still need help (you don’t need to re-explain the issue you’re experiencing), and we will do our best to address it as soon as possible. If your issue has been resolved please do not reply to this email. + + Thank you for your patience during this time and for your continued support while we work to improve our services. + +Even after I explained all of it to them again they weren't able to resolve this issue, and exactly 34 days ago they sent me this: "... we’ll need to wait for the developers to take a look and fix it. My apologies for the issue." + +I was mildly annoyed but atleast I was happy that it will be fixed soon. Well... I was wrong... + +After waiting 3 weeks I contacted them again because nobody gave me an update and the issue was still not resolved. They responded with: + + AUG 21, 2016 | 05:12AM PDT + Randy replied: + + Hello again xxxx, + + I’m very sorry for the trouble. I’ve let our developers know about this ongoing issue with the cosigners Vault and will update you with the information I can get from them this Tuesday at last. + + Sorry again for the issue, and all the trouble this may have caused. I’ll make sure to contact to back before the end of the day on Tuesday. + + Randy + Coinbase Support + +I was slightly more annoyed but thought it would now be fixed soon after 6 weeks for holding the money hostage. But tuesday came and guess what... no answer from Coinbase. I am not the person to raise issues on social media to get attention on the topic, but I literally warned them and said that if they don't fix this I will feel forced to do so. I hope this post forces them to finally fix this critical issue + +TL;DR: Coinbase has 50 BTC in the multisig vault that can't be withdrawn for 6 weeks because the platform is broken. They promise a fix but don't deliver within their own deadline. Outcry on social media so that the issue gets finally fixed. +So my wife and I have been putting aside money and investing it in blue chip stocks. we’re doing this in order to save for a downpayment for our first home. We have about $80k invested now and are trying to get it up to $150k-$200k by saving and investing $2k-$3k per month. We have about $100k combined in student loans which we’ve ignored for a couple of years due to the interest forbearance, $20k in moderate to low interest credit cards, $3k in rent and a combined income of $250k (we were at $150k a little less than 8 months ago). So long story short, because I’ve been tackling paying off loans and saving for buying property, I kind of disregarded putting money aside for my 401k. Am I an idiot? How would you manage your finances if you were me? +Because they got bailed out in ‘08 I figure they feel they can just get away with it all over again. + +But my question is, the trigger for the subprime crisis was home owners being unable to pay their mortgages. I’m not seeing what would be the actual trigger for the MOASS. Not a FUD question. Genuinely asking. +It’s not just traditional advocates and stakeholders who are fed up with Senate inaction on marijuana legalization. Even the ice cream giant Ben & Jerry’s is calling out senators for failing to advance reform. + +https://www.marijuanamoment.net/even-ben-jerrys-is-fed-up-with-senate-inaction-on-marijuana-legalization/ + +In the run-up to the unofficial cannabis holiday 4/20 on Wednesday, the company is launching a campaign in partnership with the ACLU, asking fans to “take action” by putting pressure on the Senate to follow the lead of the House and pass a bill to end prohibition. + +Ben & Jerry’s recognized that its advocacy for marijuana reform isn’t surprising—and they’ve previously leveraged 4/20 to raise attention to the issue—but this campaign takes direct aim at the Senate, which has been a significant roadblock on the path to legalization both under Republican and Democratic control. + +"The Black and Brown community have borne the high cost of cannabis prohibition and the system of mass incarceration that it has fueled, while white men reap the financial benefits of the legalized cannabis industry,” Chris Miller, global head of activism strategy at Ben & Jerry’s, said in a press release. “That’s why the Senate must immediately pass legislation that begins to right the wrongs of the decades long war on drugs by legalizing cannabis and expunging records while restoring equity to the booming legal cannabis industry.” + +“Legalizing cannabis without justice is Half Baked!” the company said, in a reference to one of its popular flavors, which itself is a reference to a classic stoner comedy film of that name. +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.*** +I've always heard that most truly wealthy people don't have tons of cash on hand because their money is making money. I have a business friend who even had to take out a large loan to pay rent, groceries, etc due to no cash on hand. But I know he is a multi millionaire. Thoughts? +I am trying to figure out if it's worth paying off this 5 year old debt of $139 to an internet company, or letting it fall off in 2 years. I have no idea how much it's hurting me right now, but I don't wanna pay it if it's gonna reset the date on it. +Just received an email from Virgin Money that the interest rate on their M Plus Saver account has been increased + +Up to £25k was 1.56% now 1.71% +Over £25k was 0.75% now 1% +*You think trading stock options is complicated? Well, it kind of is, but a good explanation of options is all you may need to get you started. I know I needed one when I started learning options trading. Once I managed to understand the basics, I never looked back. I hope this example will help you too.* + +SELLER: Hi! Listen! I've got petrol coupons for sale. Are you interested? You can buy 100 liters of petrol with it for $1 a liter. The coupon will expire worthless at the end of next month. +BUYER: But currently anyone can buy petrol from you for $0.95 per liter. Why would I need your $1 coupon? I'd rather buy the petrol directly. Although, I don't really need 100 liters of petrol right now, and I don't have $100 cash in my wallet. +SELLER: See? I am giving you the option to buy the petrol at any time in the future, until the end of next month. And you can make money with it. +BUYER: Really? How? +SELLER: Well, if the price of petrol goes up, you can buy the petrol for $1 a liter regardless of the actual price. You can then sell the petrol for a profit. Or, in the case the price remains below $1, you can sell the coupon instead. +BUYER: Gimme the coupon! +SELLER: Not so fast. I am not giving it for free. +BUYER: No? +SELLER: Of course, not. You see, I am obligated to redeem your $1 coupon whenever you choose, and if the price of petrol rises to - let's say - $1.10, I will lose 10 dollars. Your coupon is for a 100 liters of petrol, remember? +BUYER: So, you're saying I need to buy the coupon from you, and hope that the price will go up by the end of next month. That way I will be able to buy the petrol cheaper then the actual price. +SELLER: Exactly. And because I am taking the risk of losing money *if* the price goes up, you need to pay 2 dollars for the coupon. +BUYER: Let me get this staight. If I pay you 2 dollars for that coupon, I will break even if the price of petrol rises above $1.02, becuase I have to take the cost of the coupon into account. +SELLER: Right. And if the price doesn't go above $1.02, there will be no reason for you to redeem the coupon, so you'll lose 2 dollars in total. +BUYER: I see. I'll go for it anyway. I heard on the news, that the petrol price is expected to rise above $1.10 in the next month. +SELLER: So, let's make the deal. +BUYER: Give me a moment. I still might lose 2 dollars... +SELLER: As I said, you can sell the coupon to anyone when you start feeling pessimistic about the petrol price. But keep in mind that the value of the coupon will decrease as it gets closer to the expiration day, so you won't be able to sell it for 2 dollars. But you can moderate your losses that way. +BUYER: Okay, give me that coupon. + +**Outcome Scenario No. 1** + +A few days after the transaction, the price of petrol jumped to $1.05. The Buyer redeemed the coupon, bought 100 liters of petrol for $1/liter (a total of $100) from the Seller, and he sold it immediately for $1.05 (a total of $105). He made a total of 3 dollars, because he had to decrease the cost of the coupon ($2) from the profit. The Seller lost 3 dollars because she moderated her $5 loss on the petrol with the $2 coupon she sold originally. If the Buyer would have been more patient, he could have gained even more, because the price went above $1.10 in the next couple of weeks. + +**Outcome Scenario No. 2** + +The price of the petrol remained below $1. The Buyer sold the coupon two weeks before expiry for 1 dollar, so he lost a total of $1. The Seller kept her $2 she received for the coupon. + +**How all this translates to real world options trading?** + +In the example above the Buyer bought 1 coupon for 2 dollars that *gave him the option* to buy 100 liters of petrol for $100 a liter at any time until the coupon expires, regardless of the petrol's actual price. The Seller sold the coupon, and from that moment she was *obligated* to sell 100 liters of petrol, if the Buyer chose to redeem (or call) the coupon. + +Let's see a real world stock option transaction: + +The Buyer buys 1 Apple (AAPL) call option with a $400 strike price and an expiry date of July 19th. From that moment he can buy 100 shares of AAPL for $400 a share at any time until July 19th. + +The Buyer believes the price of AAPL will soon rise, so he opened a *long* position. The Seller hopes the price of AAPL will not rise above $400 by July 19th, so she opened a *short* position. + +This is just the beginning. Good luck on your journey! +I tried explaining to my parents months ago what crypto was but they couldn't grasp the concept of it and just brushed it off but I told them I put some money into it. + +Today my mother just said she heard crypto and bitcoin is crashing and that I should sell if I had any. I'm not sure what to think of this, as I know she definitely heard this on one of those stupid morning shows for housewives. Maybe this is just a widespread media FUD or maybe it's the beginning of the bear market. + +At the risk of sounding foolish maybe this is where the newbie crypto 'investors' get shaken and sell their coins. I wasn't super active during the last bear market so I don't know what it was like but I can't tell if this is just a big dip due to media coverage. Make of it what you will but I'm invested in project I believe in and plan on holding, my mother thought it was foolish but hopefully in 10 years time I can use this money to spoil her. +I work in non profit. I just got 10 years employment. I get acceptable yearly raises and the working environment, benefits and flexibility is absolutely amazing. + +We had a big change in senior management a few years ago. We actually have a COO now. + +Our funding significantly improved this year. About $20M more for the yearly budget. It’s like 50% increase. + +I got an email offering separation packages. First I’ve seen ever here. + +Really, really cheap. $10k to separate. It’s non-profit so let’s forgive that. The memo was phrased interestingly too: “we heard some staff is considering leaving, so we’ve been authorized to offer a separation package. Sign something, and we are permanently separated. Here’s your $$$. Bye”. (Totally paraphrased) + +Pre-tax With all benefits, vacation, 403b and everything - I get about 140k/yr. I take home about half of that in a paycheck. I can get a lot more money in my field in for-profit but really don’t want the stress and burnout. I’m a Software Engineer. + +10k is like 2 months of after-tax pay. + +I’m not going to take it, but I’m really interested in the motivation - why would they offer this at all? What is the game they are playing? Is the future dim? + +Can I glean anything from this offer? Should I begin looking for another job? Am I over reacting? + +Edit: this offer was sent to all employees over email. Unless they did something fishy with the email headers, it was not sent to me personally or a group of people. + +Edit 2: The correct answer was to formally decline to my manager and director. A friendly email that says I like my job and the compensation and I’m happy. However, this offer is horrible and if they do want to negotiate a separation package let me know. + +I got the reply within an hour: “we want you to stay”. + +And then a personal conversation with some friendly senior management that “I’m reading between the wrong lines”. +Background: + +So I had minor surgery. When I received the bill a month or so later, it stated that I might qualify for a discount if I'm willing to pay the discounted amount in full, and it directed me to call their accounting department to inquire. + +I did so, asking if I qualified for the discount, and was told that, yes, I could get 10% of my bill if I paid the remaining amount today. + +So, I pulled out a credit card and paid 90% of my medical bill then and there. + +A month later, I got a bill for the 10% I had been discounted. + +I immediately called them again, and asked what was going on. I was told that I didn't pay it fast enough to qualify. They told me that they sent the second bill a few days before I paid (I received a second bill for the full amount some days *after* I paid, and ignored it because of the billing date). + +The first bill did not specify when it had to be paid, and did not list a "deadline" of any sort, only a "billing date." In fact, the third bill, for the 10%, arrived in my mail box nine days after the printed "billing date." + +I was escalated to the supervisor, who put me on hold for a while, then returned and said "there's nothing I can do, you were late paying." I said that sounded a lot like a scam to me, and they asked if I wanted to escalate the issue. I said yes, and gave them my home phone number as the primary point of contact. I was told I would be called within the week. + + + +A month went by and instead of a phone call, I got another bill, telling me that my bill was going to be sent to collections if I didn't pay it *right now*. + +Do I have any recourse? I can pay it, of course, but this seems to be about the scammiest way to collect on bills I've ever seen from something I'd have assumed was a reputable organization. How many people would be motivated to take out a loan or use a credit card for something they'd normally pay in small installments? + + + +#Edit: +I didn't expect to get this much attention, but I've read through all of the comments currently submitted. I've decided that my best course of action for the moment is to go there today and talk to someone face to face. In the unlikely event that someone is telling me they can't fix it because fixing it would complicate their life, perhaps a bit of complication in the form of a personal visit will motivate them. + +In all likelihood I will just pay it to avoid the hassle, if it comes to that. The amount isn't worth any legal action, even if I do it all myself. This has at least given me some clarity in how I will approach them: I feel that, at the very least, I entered into a verbal agreement with someone whose job is to represent the interests of the hospital to its patients. If those representatives are not actually empowered to offer discounts, they should not offer discounts. + +I'll update again when I get home this afternoon. + +Edit 2: My guess was correct. Very much in contrast to what I was told by multiple people on the phone, she pressed a few buttons on her keyboard and said it's taken care of. +So I was suppose to have a job with a top 4 bank but the person who hired me got fired. With that it seems like my chances of getting the job I wanted with it. I'm sitting to take the cfa in December but also thinking about getting a MBA. My undergrad school is not a top tier school and I know I can get easy. One of the MBA rankers says they a are a top 15 on online MBA. Or should I only bother with an MBA from a top school similar to how law school is that a not top tier school is pointless? +Turns out the internship I had lined up fell through, so I plan on just trading (with a demo account at first) and learning while doing it. + +Does anyone have any book recommendations or any other tips to get started? I have a pretty good general understanding, but I definitely need to learn more about technical analysis and such. + +Thanks +Ape Andy recorded a call from his broker who told him GME was speculative and that he should set stop losses and buy other stocks! If they are being this obvious with the manipulation we must be close to something. I believe they are going to attack stop losses soon so make sure you don't have any to trigger. Just keep hodling and buying dips. Have any of you received similar calls from your broker? I would record them for evidence later in case something happens and forward it to the SEC. +https://youtu.be/zYMFDV-D63o +Be me, get interested in the market and trading options. Spend hours watching YouTube videos and reading forums. I mean I even got 40 pages into my Intro to Options Trading book I ordered off of Amazon! Still have a very basic understanding of how they work. + +Last night while completely wasted I decided to sign up for option trading on Robinhood. Telling them that I had literally no experiance trading options, they obviously gave me permission to trade on their platform. Started reading their descriptions on option trading, everything started to click. I could literally feel the autism being pumped into my bloodstream via the app. Thanks to Robinhood, I have a complete understanding on how options work. They even have this neato graph with pretty colors on their discover tab that tells you everything you need to know! I am a goddamn expert at this. + +If I buy calls or puts, the worst that can happen is me losing my premium right???? +My offer letter from 2021 says “Matching shall be 100% of the first 3% invested by you and 50% of the remaining investment up to a total of 5% of your qualifying deduction. Matching vests immediately.” + +In 2022 we got a new head of HR. On Aug of this year the new “benefits summary” was quietly released saying “employees will receive a discretionary contribution” + +When I emailed HR about this I got a copy and paste line stating “there is no company match, there is a discretionary contribution” and to “refer to the benefits summary” + +Is there anything my fellow “offered a match” employees and I can do about this or are we SOL? + +Note: I don’t have the old summary, but working with a few employees hired around the same time as me in hopes they do (and lesson learned) + +Update: Thanks everyone! Looks like I’m SOL 🤡 I had a feeling I was but wanted to make sure I wasn’t leaving money on the table since this has never happened to me before. +Like the whole world is stacked against us. I moved halfway across the country to work a job and save up some money for college starting this month and they hardly give me any hours. I can hardly pay for the place I'm living and at this point I literally can't afford food or anything else. + +It just sucks being like this when you did everything right. Good to know I have a whole adulthood to know at any point I could be messed up financially. + +&#x200B; + +And that's my rant, have a good day! +[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) +Apologies if this isn't the correct thread, but as stated above, I had signed a contract for a small job that I have been working for the last few months. I am supposed to receive quarterly pay, a fixed amount each time. The pay period was two weeks ago and I still have not seen a cent, neither have my other co workers (it's a small workforce). I'm at a loss on what to do. We have been "joking" around with one of our bosses about getting paid, because they understand that while we like our jobs, we need the pay as well (bills and life and such). I am simply frustrated at this point. + +UPDATE: I have spoken to a few individuals who claim that the payroll office is to blame simply because "no one knows what the hell they are doing". Well we'll see about that. + +UPDATE #2: Thank you to everyone who approached this logically and calmly. I will be firmly and mindfully handling this issue very soon. I will keep you updated on the results. Thank you again. +Most of people keep saying "I am here for the long run" yet when the market is red (blood from nose red, not blood in the streets red) they keep checking charts 100 times per day, panicking and so on. + +I will understand it if you are trying to time the market. Good luck with that though I got rekt everytime when I tried it. + +But seriously, what is the point of doing that? You are not going to learn anything new if you just keep watching the prices over and over again. + +You may destroy your social life by watching it all the time, for example you go out with your friends on a coffee or something and there you are with a phone in your hand every couple of minutes watching the charts. + +I don't see the point, really. + +Maybe you should think about "chilling out" from charts a little bit and go for a walk or something, just enjoy in something else. Stop killing your brain cells. +Hi AusFinance, + +Looking to fix my home loan for 3 years. I have 100k in emergency money. Should I keep 100k of my loan as variable so I can use my emergency money to offset the interest? + +I am reluctant to do offset because this is emergency money so it is risky not touch it for 3 years. However, I also don’t know how to invest this 100k such that I can make up for the interest lost for not offsetting my loan. Thought of high interest savings account,but that gets taxed and the interest is low. + +Also, I don’t want to increase my repayment anymore so I don’t want to keep any variable loans. + +Am I being dumb? Thanks if you comment. + +Edit: hurr durr sorry all brain fade - will put it in offset. The question for me now is if I split my loan into 100k variable and the rest is fixed for 3 yrs, can I refinance the variable part within the next 3 yrs to buy another house (with the equity I accumulate buy paying off principal purely)? + +Edit2: main reason I didn’t want a 100k variable was the repayment will go up with interest rise and I got worried if I cant afford the difference, but after some calculations, I realise the repayment rise will be affordable. And worst case scenario (aka EMERGENCY), I use the emergency money to just repay a chunk of the loan to reduce the repayment! Hurr durr indeed. +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. +I wanted to share a few of my numbers, goals and priorities. Both because it's helpful for me to organize my goals and plans, and because the posts and comments on this sub have helped me out and I thought I'd chip in my 2 cents. + +Basic stats: 31M, married, wife the same age. My annual income (software engineer, large company) around 125k + 20k bonus + 5k stock + 4.5% 401k match + ESPP magic of 1.5% salary or more. Wife's salary around 105k with a 2% 401k match at a non-profit. No kids yet, just a dog. + +I started working the summer I was 16, for a nickel above federal minimum wage at the time, I think it was around $5.15 / hr. This was a miserable and yet incredibly enlightening experience. I realized I could make it on my own with hard work but I sure didn't want to be stuck there. I went to college, worked part-time and summers through school at only slightly better pay and less-miserable conditions. Wife and I were extremely fortunate to have had families who paid most of college (along with some scholarships and benefits), and we graduated with no debt. + +Real income started coming in after I graduated college with an engineering degree in 2007, starting salary was $65k. My wife and I lived basically as we had while in school, renting a cheap place, maxing out the 401ks and Roths, and saving a small amount of taxable income too. Here's my [SSA reported earnings](https://imgur.com/ltryvQH) (pretty sure I had some W2 income in 2005, not sure why it's missing). Wife's salary has been just a little bit less than mine over the years as she has worked at non-profits and spent two more years in school. + +It's been just shy of ten years since we graduated and started working and saving. Here's Mint's (ragged) picture of our [net worth](https://imgur.com/YfCkYUb) as far back as Mint knows about. Their older data is incomplete, the early years are missing several accounts that we had, and there is a discontinuity around our house purchase last year as Mint can't be made to understand the date we closed on our house and how that corresponds to the dip in cash. + +Right now we're still maxing 401ks, maxing my HSA, and average maybe $2000 or so of taxable savings per month. I'll be getting my first bonus check from my current job this year, and plan to save basically all of it, plus all my stock options and ESPP. If everything goes smoothly I hope we can save well over $75k this year. I have a [goal set in Mint](https://imgur.com/ARIgsUD) to get to $1M in cash and investments, and if the market doesn't take a dive and our savings stay on track, I hope to get there by early 2018. Our major expenses are dog-care ($600/month), mortgage ($3300/month incl. taxes and insurance), and some travel. + +Our net worth breakdown: +Assets: + + * $104k in cash. I plan to move maybe half into the market slowly this year. + * $823k in investments. Only $135k in a taxable brokerage account, the rest is spread across IRAs and 401ks. + * Paid around $800k for our condo last summer -- very high COL area but I have some confidence property values will hold up well here even if there is another big downturn. Mint uses Zillow for its property estimate, which has a more conservative $735k estimate. Oh well. + +Liabilities: + + * $4700 currently on the credit cards (paid in full every month, that is just the current balances outstanding). Balance is high at the moment as we've just booked flights and lodgings for our summer vacation. + * $590k owed on the mortgage, out of the $600k initial. We bought a condo last summer, with a 30-year mortgage, 10-year fixed rate around 2.9%. I plan to pay the minimum monthly for the next 10 years while our rate is cheap, and if the bank jacks up rates on us at that point I hope to have enough saved and accessible by then to pay off in full. + +I mentioned already my wife and I were helped out significantly by having undergrad paid for and graduating debt free. I received an inheritance of around $200k a few years ago which also explains our growth. I say this to be transparent about where our money has come from and not write some [inflated baloney](https://archive.fo/uj7qI). + +With those caveats and explanations, here are some lessons I've learned along the way that I'd like to share. + +1. Prioritize your physical health **first**. Yes my first advice is actually to spend money -- investing in yourself and your health. Even if you are young and without major problems, go to your yearly physicals and dentist appointments. Nobody likes going to the doctor, but not going ends up being much worse. + - I am in decent health, but I would gladly pay every dollar in all my retirement accounts to have my few health problems solved **for good** and be guaranteed a long, healthy, active life. In my case, that's not possible. Doctors can only do so much. Some of your health is decided by luck and genetics. But control the part that you can control -- lucky for all of us, it's usually a pretty large part. Eat your fresh fruits and vegetables, exercise, and don't eat out all the time -- not primarily because eating out is expensive, but because your health cannot be bought at any price, and making food yourself will simply be better for you. + +2. Prioritize your mental health, happiness, and sanity second. Having a 90% savings rate will do nothing for you if you are depressed and suicidal. If you don't live long enough to enjoy your early retirement, all those years and decades of hard work were a waste. I'd much rather see someone making the bare minimum 401k contributions, with a job he enjoys, good friends, family support, loving spouse, than see an isolated and depressed wage-slave, spending all his time at a job he hates in a depressing environment, just to max out savings. + - In fact, I see the entire idea of "financial independence" as a small part of a larger picture: determining what your priorities are in life, what really makes you happy now and will make you happy long-term, and then consciously investing your time, energy, and money to those pursuits. And cutting back on everything else. [Build the life you want, then save for it](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) + +3. I can't tell you the number of posts I see on r/personalfinance where the biggest obstacle boils down to "I paid way too much for a new car I can't really afford and now I'm in big trouble". What's worse, the people that post are the ones smart enough to realize something is wrong and reach out for help, I worry about the rest. + - I live in a New England city where a big snowfall will regularly bury us for a week or two at a stretch in the winter. It is mind-boggling the number of cars I see here, **weeks** after a snowstorm, still parked on the street completely buried by snow -- the owners have more cars than they need, so what the hell, just leave the extra cars abandoned on the street (for "free" of course), buried in the snow. Car insurance for me and my wife here costs, for **one car**, north of $1k/year and we both have spotless driving records. Plus motor vehicle excise tax, registration, emissions test, plates, AAA, etc. And those are just the fixed costs, without putting any miles on the car! I am simply astounded by these abandoned cars hanging out for weeks. + +4. Buy a damn bicycle and start somewhere. The number of excuses I hear about why one can't bike is just insane. Work is too far, it's too cold, too wet, too dangerous, I'm out of shape, I don't have a bike, I don't really know how to bike, bikes get stolen, I'll get sweaty, and on and on. Look. Go to your local bike shop, or Craigslist, or hell even Walmart. Spend $150-$200 on a used or (crappy) new bike. Get a helmet and maybe a lock. And just try going somewhere on a nice cool, sunny day. Go to a coffee shop, park, bookstore, post office, whatever. You lock up basically anywhere. No coins or credit card for the meter, no circling for parking. Time how long it took you. If it's somewhere close, and you live in a city, it probably wasn't much slower than driving and dealing with parking, maybe even faster. And remember how infuriating it is to be stuck in a car in a traffic jam? That will never happen to you on a bike. + - Commuting to work every day by bike may not be for you. Maybe you can do it on nice days in the spring and fall. Maybe you can do a few errands here and there. Maybe just for fun rides on the weekend. Read [the true cost of commuting](https://lifehacker.com/5855550/the-true-cost-of-commuting-you-could-buy-a-house-priced-15900-more-for-each-mile-you-move-closer-to-work) by the great Mr. Money Moustache if you want financial motivation. I wonder if I have MMM beat [with my bike commuting stats](https://imgur.com/Hgb9h3v) ? But just **try** riding a bike a few times and see how you like it. If you hate it, fine, it's not for you. + +5. Spend some time getting VERY familiar with your work benefits. It is easy to miss out on free money. A few examples from my own experience: + * If you have an employer match, be careful about front-loading your 401k contributions, even just a little bit, e.g. meeting the 401k contribution limit by November in the year. Depending on how it is set up, the match may only kick in, say, up to a 5% match of each pay period. So if you front-load and are maxed out by November, you would have only gotten a 5% match for 11 months, not 12 months. + * If you have an employer HSA and your employer is generous enough to have incentive programs to reward you with money for exercise, preventative care, health counseling, etc. get on top of those and max them out. It's free money! + * The workplace ESPP plans I've had access to are also free money (often a 15% guaranteed ROI after 6 months if company stock is flat or goes down, with the potential for much more if the company stock goes up). You are crazy if you don't contribute the full amount here. + * Be on the lookout for other fringe employee benefits. We recently found out my wife's work offers reimbursement up to $20/month for bicycle commuting expenses. Ka-ching. + * Understanding the details of your vacation policy (PTO) is critical. How often do they accrue? Do you have other days ("floating holidays") and how are they different? What is your cap on the max. number of days accrued? Do they roll-over year to year? Do they get paid out when you leave the company? Time is money, these days are precious, don't waste any of them. + +6. On the same lines, the easiest credit card sign-ups and bank sign-ups are no-brainers, great money for a minimal time investment. You don't have to go overboard like the hardcore folks at r/churning , but just signing up and canceling one or two cards per year can net you an easy $200-$500 bonus each time. Even better, the credit card bonuses are [generally treated as discounts on purchases, not income](http://www.investopedia.com/ask/answers/110614/are-credit-card-rewards-considered-taxable-income-irs.asp), so not treated as taxable income by the IRS. + +7. Make a to-do list of financial fixes, bill cuts, home improvements, and work on them regularly. My quick list is: + - rollover wife's old 401k to an IRA + - set up a backdoor Roth for me and my wife this year + - do an easy credit card sign-up bonus + - take advantage of a state program to pay for insulation in our house + +8. Think about what makes you happy and do more of it. Stop for a moment and ponder -- what are the top three things that you love doing, that when you are old and grey you will look back fondly on? + - I bet that "compulsively checking Facebook" wasn't on your list. Or "sitting in traffic on the way to work". Financial Independence is all about taking control of your life. But you don't need some magic amount of money saved to do this. Being financially independent is more of a spectrum than a binary. Just having a small emergency fund saved will give you confidence at work, give you flexibility to interview for other jobs, allow you to sleep better at night, invest in yourself, etc. +9. And after taking care of yourself and your immediate family, think about your other close friends and more extended family (well, the ones you love, at least). Just as our families have sacrificed for us, I see my extended family members who have needed help over the years and have tried to help out quite a bit, financially and otherwise. This is actually what I look forward to the most as our nest egg slowly fills in. I don't want to be a Scrooge sticking to a leanfire budget for 40+ years of retirement with no wiggle room. I aspire to be able to help friends, family, and charities I care about. +Hello there! + +&nbsp; + +A few weeks back I wrote this post on hitting my 100k goal and how I should celebrate it. + +&nbsp; + +Recently, I have switched jobs and I really needed a car to go to work. So I went ahead on a 6 month search trying to find what was **the most sensible purchase from a frugal stand point.** + +&nbsp; + +Options being... fuel efficient small city cars: + +&nbsp; + +- New little car for around 13k +- 2-3 year old car for around 11k +- 10 year old car, with +100k km on it for 2-4k + +&nbsp; + +I couldn´t really make up my mind. **That I had to spend "so much" money on something I was not really happy with was bothering me...** I went back to memory lane, need for speed underground 2, my favorite car on that game was the Mazda MX-5. + +&nbsp; + +The MX-5, at least were I live, is driven mostly by older people (well kept), it is not a very popular car (not overpriced) and can be found usually with under 100k km (low maintenance). After 2 months of actively looking for it I found a 10yo version, with under 50k km, with an automatic hard-top (it´s my daily driver) and for less than 10k€. + +&nbsp; + +Since I have to drive for 2 hours everyday, I thought better have fun on it. Spending money on a quality product that you use everyday will just make our road to FIRE easier :) The price of that? Maybe about 1,000€ more on gas every year. + +&nbsp; + +In a nutshell: I did not buy the most fuel efficient car, but I think I found the **perfect balance between fun and costs.** So this is my way to celebrate my first FI milestone: **don´t forget to live your life!** + +&nbsp; + +Pic of the car (not my own): https://imgur.com/a/TDXXpHn +Hello there! + +&nbsp; + +A few weeks back I wrote this post on hitting my 100k goal and how I should celebrate it. + +&nbsp; + +Recently, I have switched jobs and I really needed a car to go to work. So I went ahead on a 6 month search trying to find what was **the most sensible purchase from a frugal stand point.** + +&nbsp; + +Options being... fuel efficient small city cars: + +&nbsp; + +- New little car for around 13k +- 2-3 year old car for around 11k +- 10 year old car, with +100k km on it for 2-4k + +&nbsp; + +I couldn´t really make up my mind. **That I had to spend "so much" money on something I was not really happy with was bothering me...** I went back to memory lane, need for speed underground 2, my favorite car on that game was the Mazda MX-5. + +&nbsp; + +The MX-5, at least were I live, is driven mostly by older people (well kept), it is not a very popular car (not overpriced) and can be found usually with under 100k km (low maintenance). After 2 months of actively looking for it I found a 10yo version, with under 50k km, with an automatic hard-top (it´s my daily driver) and for less than 10k€. + +&nbsp; + +Since I have to drive for 2 hours everyday, I thought better have fun on it. Spending money on a quality product that you use everyday will just make our road to FIRE easier :) The price of that? Maybe about 1,000€ more on gas every year. + +&nbsp; + +In a nutshell: I did not buy the most fuel efficient car, but I think I found the **perfect balance between fun and costs.** So this is my way to celebrate my first FI milestone: **don´t forget to live your life!** + +&nbsp; + +Pic of the car (not my own): https://imgur.com/a/TDXXpHn +I created a separate (fatFIRE verified) account so I can write openly about my finances. + +I have a net worth of $28M that breaks down roughly as follows: + + $10M Vanguard index funds, in an irrevocable trust + 7M Primary residence, in the same irrevocable trust + 6M Retirement accounts + 4M Startup investments + 1M Cash + - 0M Debt + ---- + $28M Total + +My main challenge is liquidity. I’m 52, and with another $1-$2M of liquidity, I could retire now instead of seven years from now (at age 59.5 when I can tap into a $3M Roth IRA). + +Unfortunately, the irrevocable trust **\[edit: which was set up by my late father with me as beneficiary and our family lawyer as trustee\]** is hard to borrow against, the startup investments and retirement accounts are impossible to borrow against, plus my cash position is small. (It would be larger if I didn’t keep investing in startups!) + +For example, the house has no debt whatsoever. I tried to get a $1M HELOC from First Republic, but despite the very low LTV of 14% they still asked me to co-sign personally, and my lawyers weren’t comfortable with this. (I’m also guessing that FR wasn’t thrilled that loans to irrevocable trusts can’t be sold in the secondary market.) + +The $10M in index funds would be a perfect candidate for a Schwab Pledged Asset Line, but alas, only “individual, joint, and revocable living trust registrations are eligible”. Vanguard does not have this restriction, but the rates are higher and it’s a loan rather than a line of credit, which makes it much less desirable. + +I could really use advice on how to borrow against the trust assets (other than the suboptimal Vanguard margin loan or, even worse, so-called “hard money” loans). If I could find a securities-based line of credit provider who does irrevocable trusts, I’d be home free. + +Yes, I could just ask the the trustee to sell assets and make distributions as needed, but that means spending down the corpus and paying taxes, which are both to be strenuously avoided. + +I hope these questions are relevant to other fatFIRE members, especially those approaching the finish line! + +**EDIT:** Many thanks for all the insightful comments! I should clarify that I am not the trustee, just the beneficiary. The trustee is open to the idea of a credit line, so I'm helping out with the research even though I'm not the decision maker. Any loan would be signed by the trustee (and yes, the trust agreement has clear, broad language that allows trust assets to be used as collateral). + +**EDIT 2:** I should also clarify that if I wanted to, I could simply ask the trustee for principal distributions, but I'd rather leave the principal to grow. Having the trust get a line of credit (which in turn gets loaned out to me) would boost my liquidity while leaving the trust principal in place. + +**EDIT 3:** I did not set up the irrevocable trust; it was set up by my late father for estate planning purposes, with me as beneficiary and our family lawyer as trustee. +So we have all seen what is going on with the Crypto scene these few months and its pretty ridiculous seeing how random teenagers that don't even know what the stock market is make insane gains by just throwing like $100 into these random coins and the cycle goes on and on with this ridiculous names coming out each day. + +I'd like to hear the thoughts of experienced traders on this topic and where is the Crypto hype and trend headed +For me it's not about the lambos or private jets. + +Both my parents have worked hard their entire lives. Working 7 day weeks and sacrificing a lot to give me a good education they weren't able to have so I can have a better future. + +My goal is to pay it forward and make their retirement as enjoyable as possible. Whether their wish is to travel the world or live in a peaceful environment. They deserve it and i could not be any happier if I am able to achieve this. +People calm the Fuck down. + +Once again the front page is littered with alarmist posts claiming some mod conspiracy and point out how some alleged “DD” is being buried or going unnoticed. + +The current one has already been debunked, it’s OP was either confused or just outright mistaken. Yet still people see a couple sirens in the title and some ALL CAPS message screaming that you have to *Act Now!* or the hedgies win or some bullshit. + +We didn’t get here by upvoting we got here by reading and doing our own due diligence. If you had looked into those posts before blindly sending them to the top you’d have realized they were flimsy. + +Keep Calm and DRS +**Scenario: Carlos, a customer, buys a pizza from Mark, the merchant, and pays in Bitcoin.** + +First of all: **The question is not, whether VAT applies to the pizza**. That will definitely be the case. If I'm buying a laptop in, let's say, Germany for 1190 EUR, then 190 EUR of that (VAT in Germany is 19 %) goes to the tax man, regardless of whether I pay with euros, bitcoins or gold. + +The question is, what happens to the bitcoins afterwards. The merchant now has bitcoins and will want to get rid of them at some point. Either to exchange for euros or to buy a product or service. **So he is again selling a "product" (this time bitcoin, considered a commodity under current German tax law, as far as my reading of the law goes). If the product is not ruled VAT-exempt, he will have to pay another 19 % (or whatever the rate in his country is) at that point.** + +That's the issue. + +Another question is, whether that also applies, if the merchant uses BitPay. **In the worst case, BitPay could be considered as just an agent acting in the name of the merchant (their [terms of use](https://bitpay.com/legal) suggest something like that), thereby still putting the merchant in a position, where he - from a tax perspective - has briefly owned bitcoins and then sold them again.** + +In my opinion, **this tax question is super critical and needs to be the top discussion right now**. The Bitcoin Foundation and other Bitcoin associations (Bundesverband Bitcoin e.V. in Germany) need to closely follow the case C-264/14 Skatteverket v David Hedqvist where the European Court of Justice will decide about just that. And we need to provide resources to bring about a sensible ruling. + +See http://www.bitcoin.se/2014/08/21/i-need-your-help-funding-legal-costs-in-a-case-at-the-eu-court-of-justice-related-to-bitcoin-and-vat-exemption/ and consider donating! + +Edit: I should have added the disclaimer, that I'm not a lawyer and this is just my personal interpretation, which very well might be wrong. I have however been following this topic for a while, talked to various parties and read some of the laws involved. + +Edit 2: Alright, a little intermediate summary of the discussion below: I'm probably mistaken about the details of case C-264/14 as /u/rtuck99 pointed out. It seems that case will only deal with the question of whether bitcoin exchange fees are VAT-exempt. In my opinion my larger point still stands though, that the ECJ will likely decide about VAT on the bitcoins themselves at some point. Compare the [UK guidelines](http://www.hmrc.gov.uk/briefs/vat/brief0914.htm) on Bitcoin and VAT with [this statement by the German Federal Ministry of Finance](http://www.bundesverband-bitcoin.de/wp-content/uploads/2014/05/140512-Antwort-PStS-Meister.pdf) (in German, alternatively see this [press release by Bundesverband Bitcoin e.V. in English](http://www.bundesverband-bitcoin.de/wp-content/uploads/2014/05/Press-Release-Bundesverband-Bitcoin-PM-14-002_eng.pdf)). These two guidelines are - in my opinion - incompatible with each other. Something that ultimately the ECJ will have to resolve. Maybe that will not happen as part of case C-264/14 (but it might, as it's somewhat related, so it still seems risky to me, to let David Hedqvist fight that on his own), but it will happen eventually and we need to have our side presented well then. + +Edit 3: David Hedqvist [commented below](https://www.reddit.com/r/Bitcoin/comments/2ecxky/to_be_clear_an_unfavorable_ruling_by_the_european/cjyn8sh) that the case might indeed deal with the issue in a broader sense. +I never used to track stuff very formally. We lived below our means. We saved as much as we reasonably could, and we are naturally thrifty. I also thought that at our income level and with our debt (cars, student loans) there just wasn't enough money to be making a lot of choices. And again, with our income level and at our early stage in FIRE, I didn't think it would change enough to be motivating. In fact, it could be depressing! + +Well January 1, 2021, I decided to start a spreadsheet. We had changed jobs in 2020 and there were now enough accounts that I thought it would be interesting to see YOY. And our income had increased, so we seemed at a turning point. + +And here we are and I'm updating it again... + +Well first of all, it IS very motivating. I'm more into this than my SO, but I'm really looking forward to showing them the change. We basically added one year of expenses into our accounts! And we're closer to the beginning of the journey than the end, so I know with compounding interest the change will be even more drastic as we go. + +But a bigger takeaway was that we are spending more than we think. About 15k more. I was previously taking into account our monthly expenses, and ignoring bigger projects because "it was a one time thing" or it was optional... but after pulling 4 years of info out of Mint, I can see we do those projects once a year, and I really need to include it in our FIRE number. Sure, we COULD skip a year, and likely will in downturns, but we realistically won't permanently stop those projects. I'd rather add the 15k into our plans and reduce it later than not plan for it. + +Still not a monthly tracker, but I'm thinking about looking at it quarterly now! And thanks everyone in the community for always sharing helpful information. + +Even if you consider yourself a low earner among this group, consider some periodic tracking. +This run up the past few weeks has been awesome, but a good amount of it could be attributed to the hype for the annual meeting. Remember, they announced it was only going to be 15 minutes long, so there likely isn't anything significant to be announced. + +There's a phase in investing: "buy the rumor and sell the news". We could see paper hands drop out after the meeting if nothing groundbreaking is announced, which at this point seems unlikely. You'll need to be mentally ok with a drop. If it dips below $200 again, be ready to buy the dip and hodl again. +I'm currently a uni student with not much saved up in my super, but it hurts me to see my super getting chipped away at by admin fees while I don't work. This is a picture of my transaction statement from my Commbank super fund. + +I haven’t had a great experience with super so far and feel a bit ripped off with every fund I go to. The last super fund I had nominated by a previous employer sent me letters in the mail saying that I actually owed them money because all my super had been eaten up in fees... + +Would appreciate any recommendations + +https://i.redd.it/u17bd28522s11.png +**EDIT 10/7:** I have the results of my simultaneous purchase test. Posted here: https://www.reddit.com/r/Superstonk/comments/q39afs/i_tried_to_obtain_consecutive_computershare/ + +TL;DR: ComputerShare account high score may be off by as much as 10x. + +I hate to bring un-tit-jacking news, but I think it's important to correct things when we find out more accurate information, so here it goes. + +**Calling ComputerShare** + +Starting at the end of last week I decided to do what I could to confirm CS accounts were sequential. To me this was the most exciting thing on this sub, and confirming sequential accounts was the silver bullet to knowing we were close to DRSing the float. + +Unfortunately, it doesn't look that way. I started simple. I chatted with CS and straight-up asked: https://imgur.com/a/Z4zCBga + +Not the answer I wanted. I pushed on and asked where I could get more information. He advised me to call and speak to the GME team. So I did. I explained I was trying to understand the volume of GME since brokers were claiming it was too much to process. He couldn't tell me the volume of shares coming in (unsurprising). So I asked if account numbers were sequential. He said yes! I was pumped. But now I have one no, and one yes. Can't just take the answer I want, can I? So I asked for a favor. I told him my account number, which ends in 12, and asked him to see if the same number ending in 3 existed. He said sure, no problem. + +And he was genuinely surprised that it didn't. I asked him to try 14. Also didn't exist. I asked if he'd keep trying until he hit on one. After a few seconds, he said, "I'm all the way up to 20 and haven't hit another account yet. I'm starting to wonder if they are numbered out of sequence for security. Maybe I shouldn't keep going." At that point, deflated, I said I understood and thanked him for the information. + +I know we have an ape with account numbers 8 apart. That seems to be the closest we know as this test went up 8 numbers without finding a match. I'm assuming there is some sort of random factor contributing to the last digit of the account number. + +**From the broker's end** + +This wasn't my only avenue. From comments in /u/stopfuckingwithme's high score posts we've come to estimate that Fidelity is doing 2000 DRS transfers a day (If asked, they will give out a confirmation number which seems very much to be a sequential counting of the day's DRS requests. Apes were DRSing one share at the end of the day and getting confirmation numbers around 2000.) Through my own battles with TD Ameritrade, I got in touch with their DRS department. Actually, had a really helpful guy there who was calling me back at the end of the day to update me on progress. Chatting with him I asked for a ballpark on the volume they're processing. He said 3000/week "sounds about right". So 600/day. + +So from TD and Fidelity, we have 2600 DRS per day. Now that's not the whole story. We have direct buys, we have other brokers. But we also have some percentage of transfers going into existing accounts. I think given the two largest US brokers doing DRS transactions are combining for 2600 per day, 2500-3000 new accounts daily is within the ballpark. That is 1/10th of what the daily CS new account high score is showing us are being added each day (typically 27-29K). + +**My smooth-brain conclusions** + +I think CS accounts are sequential, but the last digit of the account number is random. (So one account may get 0012345X, the next is 0012346X, the next is 0012347X.) If anyone has two accounts that are the same in all but the last digit, I'd love to see it to disprove my theory. + +What do I think this means? **DRS focus continues to be important**. I think the current mindset in this sub is that the float is close to being fully registered. I saw one estimate saying it's halfway there. I think there is still a long way to go. I do think it will get there. But it's going to take sustained momentum. It's going to take every single ape deciding that the safest thing for them is to own their shares in their name. + +**Please prove me wrong** + +I would also love to be wrong. If any ape wants to take a crack at this and get better answers or more concrete data, please do it. Here are the numbers I called: + +ComputerShare: 800-522-6645 + +TD Ameritrade DRS: 800-652-4584 + +EDIT: u/AllCredits's [comment](https://www.reddit.com/r/Superstonk/comments/q1b2bk/we_have_a_long_road_ahead_computershare_accounts/hfdv23b/) made me think of a detail I should add. I created my account in mid-September. I still have not received the paper letter with instructions for creating my account. It's entirely possible the people after me also haven't gotten their letter, and thus haven't created the account. Their accounts may "exist" but not yet be active/findable because they haven't created an online profile. I would encourage someone who has received their letter to try and repeat my experiment using their account number as a starting point. That would be either great confirmation of non-sequentiality or debunking of my post - which would be awesome. +Curious how others allocate their collateral for options positions. Do you keep it all in cash? Money market fund sweep? Some low risk bond fund? Or invested some other way or ratio? + + +I'm curious since CSPs especially require a lot of cash at hand and I wanted to see how most feel comfortable allocating that. (this is all assuming margin would give you time to liquidate that collateral if necessary) +Seeing a lot of popular posts lately with large monthly/yearly returns, crediting heavy use of vertical put credit spreads. I'm sure this has been posted before however this needs to be repeated (and often is in the comments of these types of posts). + +**Put credit spreads, when used for leverage, are** ***exponentially riskier*** **than selling cash secured puts.** + +\- The tendency to think spreads are safer is strong with new options traders. "But risk is defined with a a spread!" I see a lot. Yes, risk is defined with *both* CSPs and spreads, however the chances of max loss in a spread are *substantially higher with the spread.* The probability of a ticker going to 0 are near 0 for max loss with a CSP, however the probability of a 5%-25% drop to wipe out your spread are orders of magnitude greater. Spreads are only less risky if you take the capital you would have otherwise used for the CSP and just sit on it. This is a spread used as for hedging and is the *actual* safer scenario you're thinking of. + +\- You can easily defend CSPs by rolling horizontally for credit, and even rolling diagonally to lower your collateral, costing you nothing but time. You can't do the same with a spread, if you're below the theta neutral point of the spread you can only roll for a debit or be forced to increase your collateral to roll for credit. + +\- Even if you're forced to take assignment with a CSP, you have time to recover because you now own shares. If you drop below the long leg of your spread, sorry you're S.O.L. unless you add more collateral/premium - which you can't do if you've already tied up the majority of your buying power in spreads. + +\- The market post-COVID has been... I don't want to say easy... but atypical? Everything is shooting through the roof, especially since the election. Don't take your recent performance as confirmation bias when you have bad positioning. + +\- All this said, spreads are great. I use them frequently in a variety of positions. You just need to be aware that you could be leveraging and spreads should be used to enhance a position and hedge, ***not*** to use the entire buying power of your account on tickers you can't afford. Leveraging via gratuitous use of spreads is ***not*** thetagang, it's exactly the type of degenerate/risky behavior we're trying to avoid here. Sorry if this is gatekeeping or whatever, I just hope I can help some new folks not blow their account chasing 50% monthly returns. + +If you're doing anything with options, you need to be thinking in terms of the greeks and blocks of 100 shares. If you can't afford 100 shares of a ticker, it's not that you can't play them with spreads but you need to be extra careful and limit your risk to a small portion of your account. Create a goal to reduce your cost basis of a long term spread position (by rolling) below 0 as quickly as possible so that when it inevitably does get blown, your max loss is less than your realized profit. Then sit on the realized profit, or buy shares with it. Don't just turn around and re-leverage your profit. I also suggest getting accustomed to using CSPs on smaller $ tickers that you can afford the collateral. Once you get the experience of using CSPs and see the advantages in action, you'll use spreads sparingly. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I've been wheeling for 2 months and from the returns earned I was trying out different theta gaining strategies + +Short strangle has worked quite well and added to my wheel income. However, everywhere I go people recommend short straddle over short strangle + +But absolutely no video/article explains how to go about booking profit/capping losses. If you set up a straddle and the market moves, the delta of put/call that goes ITM gets closer to 1 while the OTM option loses delta to below 0.5 + +This means irrespective of which way the market moves we book a loss. The market rarely will ever expire inside our breakevens. The videos tell me to adjust the trades when this happens, but how exactly do we gain from theta if delta gives us a guaranteed loss upon every adjustment? +I thought DWAC would be a good long term short play. I checked out the Jan 2023 options today. $85 strike put $57.63. $85 strike call $17.18. I understand IV, call 49IV put is 210IV. I may be stupid, but I have never seen this wide a spread on the same strike price. And volume and liquidity did not create weird numbers, all other strikes had similar spreads. + +The obvious answer if you think the stock is going down is to just short the stock. I am trying to convince myself not to sell a CSP on a stock I hate. The $57 premium looks to good. + +&#x200B; + +Thoughts. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Grabbed a bunch of 117 put sells ext oct 8. About 450$ Per put. I opened these up ATM when it was trading at 118. For the record I’m perfectly fine owning tqqq at 117! Im only of the only guys in my friend group that trades it. Always loved the wild ride it takes you on. +Warren Buffett is famous for betting on things that he knows for sure that will make money. I guess he is a safe and steady type of guy rather than a big risk-taker. He has been criticized for losing on huge opportunities but whatever he is one of the most successful investors in history. + +Look at the market right now, so many fucking shitcoins. + +**If you invested in a project that:** + +a) cannot soundly explain why it needs a coin, then drop that shit. + +b) cannot soundly explain why it needs blockchain technology for their project, then drop that shit. + +With these two criterion in mind, you'll notice that there are FEW coins that are worth investing in. + +**From here, you want to:** + +a) look at their team + +b) branding + +c) the size of the industry + +d) etc. + +and then invest. + +I cannot stress this enough. So many of these shitcoins are overvalued, and it WILL crash and you WILL LOSE money, it will be very hard to beat the whales. Less than 1,000 whales control half of the crypto market. + +Be smart and be aware. +I'm 38 years old and just learned that I was being laid off. I am super happy. + +Since college I have always aspired to retire by 40. When I tell other people my goal, they laugh and call me crazy. I have never been deterred. I have watched my expenses and maintained a healthy income and struggled to get to the goal. Things looked pretty bleak for a long while. I had a divorce along the way with 2 kids from my ex. She was a drain when we married and then took half of my shit when she left. My new wife brought resources into the marriage, for which I am grateful. However, she wanted to have kids as well, which meant she would take off for about 6 years and burn through that nest egg she had accumulated. I would also have two more mouths to feed. Of course 4 kids take up some serious space, so it was also necessary to buy a giant house to put them in and a giant SUV to haul them around in. I figured that I was going to have to readjust my horizons and maybe look for a mid-50’s retirement date, ruined by the women that I have loved. + +Then things mysteriously started to improve. My wife went back to work a couple of years ago. The winds of fortune were blowing in our favor. After a few false starts and interviews that were dead ends, she finally landed a pretty good gig a little outside her comfort zone. Her salary was more than mine and almost twice what we expected her to get after such a long hiatus. Our lifestyle did not change in quantity or quality. The only big expense we incurred after she went back to work was taking on a nanny. Almost all of my wife’s income went to augment an already healthy savings rate. Last year, after we got our bonuses, we had a bunch of cash lying about and I didn’t want to put it into the markets, so I bought a house from the bank at auction. I took a week’s vacation and fixed it up then rented it out. It felt really good and I got a great profit on the front end, as well as a good ROI. After the cash started to re-accumulate, I decided to do buy another house, and then another. Now we own 4 rental houses which have all been renovated and are in fine shape. + +I started to test the water by telling my wife and friends that I wanted to quit my day job and become a full time landlord. To my surprise, after seeing the work I had done on those little houses, nobody laughed at me. My wife was actually supportive of the idea and suggested that I should set a date and make a plan. I drew up a plan for the business, opened a new banking account, went to the bank collateralized the property and a got a healthy line of credit, printed up some business cards. Took my insurance plans to market and shopped them around rationalizing my exposure and expense. Then, I bought a big ass work truck. I put some new ink in that old inkjet printer that we haven’t used in years and devoted our guest house to be my office. Wow, I think I actually have a legit business, albeit a small one. + +I did the math. Without the nanny, we require about $6,000 per month to live very comfortably. The incoming rents net $3,400 after taxes, insurance, and healthy expense accrual and vacancy allowance. Our net worth would easily bridge the difference at a 4% draw. My math shows that if my wife and I both quit, we would still be saving money on a monthly basis! That’s the absolute rock bottom worst case. In reality, my wife will continue to bring home around $10K per month after all taxes and hold backs like 401K and such. She says she will not even consider retirement for at least 5 years. And who knows, I might actually eek out a dollar or two from this real estate thing over the course of the next 22 years. + +So, I said to myself, “Self, this is real, this is what you have always wanted, and you can actually do this! No more working for the man. No more conference calls. No more looking at a beautiful day from inside a big glass box. No more hand hold and ass wiping. No more performance reviews. No more work travel. No more bullshit!” + +Honestly, even after checking and rechecking my math, I became somewhat anxious about it and not sure why. I decided that I would cautiously move forward and not allow myself to stall out because I was scare of the unknown. I actually can thank this forum, for helping me summon up the courage. I normally get an annual bonus which is a significant % of my income. Therefore, back in October, I decided to wait until my next bonus hit my bank account and then give my 2 week notice. My wife agreed with the plan. + +During my annual performance review, we got into a discussion about our upcoming corporate reorganization. My boss showed me where I was to fit into the new org chart. We went over who would stay with the company after the reorg, and who we needed to let go, also what positions we needed to go out to hire. He explained that I would be heading up a new area of the organization and I would have a bunch of new direct reports located in an office far far away. I would get a big healthy pay raise and promotion and lot of exciting new challenges. All I heard was “You will get longer hours, more hassle, and lots of travel, plus you’ll get to pay even more taxes!” After waiting around for an extra 4-5 months for this bonus I decided to take a big chance and finally be honest. I sighed and told him, that I was not at all pleased with his proposal and that I didn’t feel like I had a role in the new organization and looked him in the eye and asked him to lay me off. + +That could have ended badly. He could have just terminated me for not playing ball, withheld my bonus, or both or worse. I didn’t hear anything for two weeks and I sweated in silence. The next time I talked to my boss was when he called to tell me the bonus would be paid the next day. So, from that point forward I had the green light to quit. However, I decided to hold on a bit and see if I could get some severance pay out of the deal. I skulked around the office, trying to avoid any real situations. I didn’t hear anything for about 3 weeks after that. It was pretty stressful time and I was drinking away my troubles at home. Finally my wife encouraged me to just go ahead and quit and stop worrying about it. OK, OK, I decided she was right and I would just quit. However, I decided to book a week’s vacation first, and then submit my 2 weeks when I returned if the situation had still not changed. + +When I returned, my boss asked me to come in and catch up. He had HR in the room, Uh-Oh. I smelled blood in the water. He said, “I am sorry to say that your position is being eliminated and we are going to terminate your employment.” I felt like a gambler being dealt a pair of aces. I looked up in my most sorrowful face, “I am so sorry to hear that. What can we do to create a good transition?” He then presented a package deal where I will work for 3 more months and be paid 8 weeks of severance at the end of that time. Then I will receive a consulting contract that will be paid regardless of whether or not they use the time allotted. Also they will continue benefits through the end of the year at no cost to me. Somehow, I have managed to turn a simple resignation into a big fat payday. + + I have a date now. On July 1, I will wake up a free man. + +I'm 38 years old and just learned that I was being laid off. I am super happy. + +Since college I have always aspired to retire by 40. When I tell other people my goal, they laugh and call me crazy. I have never been deterred. I have watched my expenses and maintained a healthy income and struggled to get to the goal. Things looked pretty bleak for a long while. I had a divorce along the way with 2 kids from my ex. She was a drain when we married and then took half of my shit when she left. My new wife brought resources into the marriage, for which I am grateful. However, she wanted to have kids as well, which meant she would take off for about 6 years and burn through that nest egg she had accumulated. I would also have two more mouths to feed. Of course 4 kids take up some serious space, so it was also necessary to buy a giant house to put them in and a giant SUV to haul them around in. I figured that I was going to have to readjust my horizons and maybe look for a mid-50’s retirement date, ruined by the women that I have loved. + +Then things mysteriously started to improve. My wife went back to work a couple of years ago. The winds of fortune were blowing in our favor. After a few false starts and interviews that were dead ends, she finally landed a pretty good gig a little outside her comfort zone. Her salary was more than mine and almost twice what we expected her to get after such a long hiatus. Our lifestyle did not change in quantity or quality. The only big expense we incurred after she went back to work was taking on a nanny. Almost all of my wife’s income went to augment an already healthy savings rate. Last year, after we got our bonuses, we had a bunch of cash lying about and I didn’t want to put it into the markets, so I bought a house from the bank at auction. I took a week’s vacation and fixed it up then rented it out. It felt really good and I got a great profit on the front end, as well as a good ROI. After the cash started to re-accumulate, I decided to do buy another house, and then another. Now we own 4 rental houses which have all been renovated and are in fine shape. + +I started to test the water by telling my wife and friends that I wanted to quit my day job and become a full time landlord. To my surprise, after seeing the work I had done on those little houses, nobody laughed at me. My wife was actually supportive of the idea and suggested that I should set a date and make a plan. I drew up a plan for the business, opened a new banking account, went to the bank collateralized the property and a got a healthy line of credit, printed up some business cards. Took my insurance plans to market and shopped them around rationalizing my exposure and expense. Then, I bought a big ass work truck. I put some new ink in that old inkjet printer that we haven’t used in years and devoted our guest house to be my office. Wow, I think I actually have a legit business, albeit a small one. + +I did the math. Without the nanny, we require about $6,000 per month to live very comfortably. The incoming rents net $3,400 after taxes, insurance, and healthy expense accrual and vacancy allowance. Our net worth would easily bridge the difference at a 4% draw. My math shows that if my wife and I both quit, we would still be saving money on a monthly basis! That’s the absolute rock bottom worst case. In reality, my wife will continue to bring home around $10K per month after all taxes and hold backs like 401K and such. She says she will not even consider retirement for at least 5 years. And who knows, I might actually eek out a dollar or two from this real estate thing over the course of the next 22 years. + +So, I said to myself, “Self, this is real, this is what you have always wanted, and you can actually do this! No more working for the man. No more conference calls. No more looking at a beautiful day from inside a big glass box. No more hand hold and ass wiping. No more performance reviews. No more work travel. No more bullshit!” + +Honestly, even after checking and rechecking my math, I became somewhat anxious about it and not sure why. I decided that I would cautiously move forward and not allow myself to stall out because I was scare of the unknown. I actually can thank this forum, for helping me summon up the courage. I normally get an annual bonus which is a significant % of my income. Therefore, back in October, I decided to wait until my next bonus hit my bank account and then give my 2 week notice. My wife agreed with the plan. + +During my annual performance review, we got into a discussion about our upcoming corporate reorganization. My boss showed me where I was to fit into the new org chart. We went over who would stay with the company after the reorg, and who we needed to let go, also what positions we needed to go out to hire. He explained that I would be heading up a new area of the organization and I would have a bunch of new direct reports located in an office far far away. I would get a big healthy pay raise and promotion and lot of exciting new challenges. All I heard was “You will get longer hours, more hassle, and lots of travel, plus you’ll get to pay even more taxes!” After waiting around for an extra 4-5 months for this bonus I decided to take a big chance and finally be honest. I sighed and told him, that I was not at all pleased with his proposal and that I didn’t feel like I had a role in the new organization and looked him in the eye and asked him to lay me off. + +That could have ended badly. He could have just terminated me for not playing ball, withheld my bonus, or both or worse. I didn’t hear anything for two weeks and I sweated in silence. The next time I talked to my boss was when he called to tell me the bonus would be paid the next day. So, from that point forward I had the green light to quit. However, I decided to hold on a bit and see if I could get some severance pay out of the deal. I skulked around the office, trying to avoid any real situations. I didn’t hear anything for about 3 weeks after that. It was pretty stressful time and I was drinking away my troubles at home. Finally my wife encouraged me to just go ahead and quit and stop worrying about it. OK, OK, I decided she was right and I would just quit. However, I decided to book a week’s vacation first, and then submit my 2 weeks when I returned if the situation had still not changed. + +When I returned, my boss asked me to come in and catch up. He had HR in the room, Uh-Oh. I smelled blood in the water. He said, “I am sorry to say that your position is being eliminated and we are going to terminate your employment.” I felt like a gambler being dealt a pair of aces. I looked up in my most sorrowful face, “I am so sorry to hear that. What can we do to create a good transition?” He then presented a package deal where I will work for 3 more months and be paid 8 weeks of severance at the end of that time. Then I will receive a consulting contract that will be paid regardless of whether or not they use the time allotted. Also they will continue benefits through the end of the year at no cost to me. Somehow, I have managed to turn a simple resignation into a big fat payday. + + I have a date now. On July 1, I will wake up a free man. + +Hi all, + +I don't necessarily make any conclusions about whether or not we're headed toward a national or global financial crisis. It seems pretty apparent that there's at least a lot of pressure on the global systems due to Covid, inflation, Ukraine, and other issues, but I can't predict the future so I don't really think it's relevant to speculate here. + +What I did want to ask about was some general quesitons on what one should do to prepare, or rather, to assure oneself against the obvious fallout of such a crisis. For example, presumably you'd want to be getting on as many fixed tariffs as possible, or fix your mortgage repaymeny rates etc. I don't have a mortgage, I think I'm on a permanent work contract so I'm also fairly secure there, and I've got savings, so I'm actually fairly secure, but I was wondeirng what sort of things people might do more broadly. + +I realise this isn't especially specific, but I'd be interested in resilience measures for various sorts of people. For example, there's discussion of timing the market or the market in time etc, so I assume it generally wouldn't be sensible to put your money under your matress in case the perceived crisis didn't actually happen etc. +As a beginner I feel like it's really easy to fall into the sos trap (shiny object syndrome). Are you researching weeks ahead of time and putting items on a watchlist and monitoring every day? Are you going down research rabbitholes? Watching the news all day long? Just trying to figure out a good system to use and I'd rather borrow other peoples system's until I can develop my own. TIA + +Editing to add some helpful stuff and links from the comments + +Watchlist- + +Tutorials on YouTube + +Warrior trading yt channel helpful beginner's course- [https://www.youtube.com/watch?v=txWaMpSzHhM](https://www.youtube.com/watch?v=txWaMpSzHhM) + +Zip trader on YT for setting up searches and live trading- [https://www.youtube.com/watch?v=wkykR4ct\_NM](https://www.youtube.com/watch?v=wkykR4ct_NM) + +&#x200B; + +Free screeners + +[https://www.tradingview.com/screener/](https://www.tradingview.com/screener/) + +[https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.page](https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.page) (free to TD download the software here) + +[https://www.finviz.com/screener.ashx?v=111&f=exch\_nasd](https://www.finviz.com/screener.ashx?v=111&f=exch_nasd) + +&#x200B; + +I found this lil reddit stock comparison tool to see what's trending-sorry I can't credit who posted. I don't remember... + +[https://unbiastock.com/reddit.php](https://unbiastock.com/reddit.php) +This post is in direct response to: + +[https://www.reddit.com/r/Superstonk/comments/t3rqfq/citadel\_still\_has\_no\_clothes/](https://www.reddit.com/r/Superstonk/comments/t3rqfq/citadel_still_has_no_clothes/) + +Consider it a corollary to the DD that u/atobitt has done. + +Initially I wasn't necessarily going to share this information, because it's not specific to GME, but... fuck it. Because fuck Citadel. Here's my theory on Citadel's business model. + +\--- + +We all know Citadel Securities is the Market Maker. A Market Maker's responsibility is tO pRoViDe LiQuIdItY. They buy and sell stock AND options to "make a market." + +We also know Citadel Advisors is a hedge fund. That means they raise funds into a pool, and use that pool to invest (in the case, in the stock market). Their "value" is their ability to devise a strategy, algorithm, trading platform, etc. that yields a profitable return (and the more profitable the return, the more successful they are as a hedge fund). + +\--- + +Now here's where it gets dodgy as fuck. Citadel also pays for order flow (PFOF). What does that mean? It means that they are the first ones to "execute" a trade. The idea is that they "skim" money between the bid/ask spread. In theory, it's like showing up at a used car lot, pulling the buyer to the side and asking them the max they'll buy. Pulling the salesman to the side and ask the lowest they'll sell. Then buying the car from the used car lot, and selling it to the buyer. Collecting a nice little fee just for showing up. + +&#x200B; + +**But Citadel doesn't give a fuck about profiting off the bid/ask. That's not their business model.** + +\--- + +Citadel uses PFOF in order to be the ***absolute first*** one to the party in order to have full information. They want to have the "god mode" of all the orders that are placed on the market. They want, in real time, complete and unfettered access to exactly what trades are being made, **and in what dollar amount**. + +Citadel uses the order book, the open interest of the options chain, and the options flow in order to plug into an algorithm to find out where a stock needs to go in order to make the most money from the options premiums. Why options premiums? Because options contracts have an expiration date. A stock HAS to move up or down (or not move at all) within a SPECIFIC time horizon, or else the contracts lose a dramatic amount of their value until they expire worthless. + +So what does Citadel do? They USE contracts in order to push the stock in the direction that they need it to go in order to make money. Let's say 1,000 traders all take positions on AMZN, and it turns out that AMZN needs to go up 5% in order to make money for CITADEL (and the majority of options traders will lose money by extension, as Citadel is the counter-party). + +So what will Citadel Advisors do? They'll buy contracts in order to leverage the stock in the direction they need. But they're greedy, they'll push it DOWN first (so that all the options traders that are long on calls get stopped out or sell at a loss), then when sufficient call holders jump ship, they'll send the stock up to the 5% they need. + +Citadel Advisors will BUY or SELL (long or short) ACTUAL CONTRACTS. They will USE DERIVATIVES (these options contracts) in order to move the market. Example, if you need the stock to go up, you use a shit ton of your capital to buy delta-hedged calls. These are ITM or close to the money calls. That way, a market maker (Guess who? It's fucking Citadel Securities) will "have" to buy a bunch of the stock in order to be delta neutral. This buying activity will send the stock up. Or down. Or whever Citadel needs it to go for Max Profit. + +Because Citadel is often times also the counter-party to options trades, that means they are casino. It would be like if every gambler in the casino played the roulette wheel and bet on red. Citadel would see the bet, and rig the roulette wheel to ONLY roll black. Then, a few of the gamblers get smart enough to bet on black. As soon as a bigger aggregate bet is placed on black, BOOM. Citadel rigs it to ONLY roll red. + +**THIS is why their holdings are almost all derivatives. They don't give a fuck if a stock goes up, or down. They don't care about longs or shorts. They utilize the Market-Maker wing in order to leverage the underlying stock, so that their hedge fund wing can print the most money.** + +This is also why they have such a big call position in TSLA. If you need me to spell it out for you, they don't give a FUCK about TSLA. They don't give a FUCK about Elon Musk. Before TSLA's prolonged short squeeze, a ton of traders piled into put contracts on TSLA, because everyone thought TSLA was going bankrupt. Naturally, Citadel was the counter-party of these put contracts, and they're not in the business to lose money. So what do they do? They load up on calls so that they can leverage their capital and push the stock upwards, so they can collect all the put premiums. + +Similar situation with GME. They don't give a fuck about shorting GME, they were just the counter-party to a Gamma Squeeze, and when they found out they were in a losing position... they did what they always do. They fucking cheated and rigged the game by calling up Vlad. They INHERITED the short position from Melvin. The thing is, they have more money so they can sit on their thumbs longer. + +Citadel's business model is "fuck you, pay me." +The U.S. Mint just admitted [they can't print enough](https://www.reuters.com/article/usa-precious-coins-demand/us-mint-unable-to-meet-demand-for-gold-silver-bullion-coins-idUSL1N2K82XU) silver and gold coins to meet demand. CNBC has it wrong - this didn't start with WSB. People are losing faith in the dollar and wanna hold fucking metal. + +You don't think there's a shortage? Go try to buy a 1,000 ounce bar of silver. Google it. If you happen to find a dealer who isn't out of stock, you'll be paying an insane premium over the spot price. + +I'm not gonna get into all the silver manipulation conspiracies. Let's stick to Retard Economics 101: if there's a shortage of the good it means the price is too damn low. + +Because of the differential between the physical spot price of silver, and the futures price in the COMEX there's an arbitrage: Anybody with any serious cash today could take silver delivery from the COMEX at $27, and quickly flip it for well over $30. Futures deliveries last year were already at a record: + +&#x200B; + +https://preview.redd.it/djlle4wb8hh61.png?width=1466&format=png&auto=webp&s=bd198b6fa8db58121a9654f2e46fe668ec342268 + +But the amount of folks standing for March delivery might just break the bank... because there's just not enough Silver to deliver to everyone who wants it. That's why (as another WSB post already detailed) The SLV ETF amended their prospectus to basically say [we can't actually get the silver that we need.](https://twitter.com/BullionStar/status/1360703958029905921) + +If silver futures start creeping up, this thing could completely snowball. Because those industrial consumers of silver - Tesla, Apple, Medical stuff - absolutely cannot afford to have their production lines shut down for a month because of one input, and will pay anything to make sure they get those 1k bars in hand. + +How to make tendies? Look what happened to AG and SILJ a few weeks ago when Silver went up 9%. Those two tickers FLEW. Buy calls on them for July if you're responsible, April if you're a degenerate gambler. + +How to do your part and make sure the squeeze happens? Buy PSLV. That fund is going to actually take delivery of 1,000 ounce bars on your behalf. + +Positions: $PSLV shares, $AG July calls, strike 20, $SILJ August calls strike 25. + +DON'T BUY $SLV + +EDIT: I received a message from a smart dude suggesting that this news actually means that $SLV is vulnerable, and buying it is also a direct way to create tightness in the silver market. Could be. Don't know. Good luck out there. +I make $13.88/hr working 20-25 hours a week. She makes $11.00/hr working 18-22 hours a week. I have a little over $2k in the bank and I think she has about the same. She has a $240 car payment due every month, I don’t have car payments and neither of us can currently afford to move out and pay rent. I’m trying my hardest to save up and make steady progress with my income and this Seattle trip would be over $400 per person. I know it would be fun and it would be a good experience but it’s such an expensive trip and I don’t think we should do it. I’d be stressed the entire time thinking about how it was costing me a solid chunk of everything I have anyways. Thoughts? + + +Edit: with more calculations and planning its creeping up to $600+ +I have been trying to get my finances sorted out and I found one area that my wife and I spend way too much on each week is food. We don't really do much budgeting or planing when it comes to groceries, we just kind of go to the store and do whatever. Probably not a good idea. + +So now that we want to stick to a food budget, what is a reasonable amount to spend on groceries each week for 2 people? +As the title says it all I’m a male in the service industry at the moment working 30+ hours a week. + +I was you and reckless (but also kicked out of my house) and tried to go to college on my own and made some piss poor decisions on my end that I can’t take back and I know that. I have 2 maxed out credit cards and I’m trying to figure out how the hell to get the ball rolling to set myself up better for the future because I fucking hate serving. + +I am going back to school for computer science because I am able to get grants this time around and told myself no more loans. But I am stressed and living check to check and know that’s part of the grind but I am willing to take any advice to better help this process. I hate feeling broke and I hate that I did this to myself. + +Hi everyone! I was hoping to get some opinions on investment apps. I like the idea of them but wondered if they are really a good idea. Tbh I don’t have much experience with investing, just my 403B and a Roth IRA. Do any of you use apps and if so do you like them? Which ones do you recommend? I’ve seen Acorns mentioned a few times but I’d appreciate any input on that one and others. Thanks!! +Hey everyone! + +I know threads about money mistakes in your 20s have been posted a while ago, but I'm making a YouTube video to discuss this topic and I would love to highlight answers from this Sub to encourage more young adults to come check it out! :) + +Personally, I think the greatest mistake I have made (and seen others make) is getting complacent and not working to diversify income/skills once you're out of school. I did this for a bit after graduating and I wish I had spent more time furthering my skillset and post-school knowledge. + +What is your #1 caution or example of a financial mistake young adults frequently make? + +Thanks so much! I made a bunch of recent videos for college students/teens so I hope I can funnel them to this sub with another video to get more young adults thinking about their finances. +I'm wore out trying to live the American Dream. I have to work a month and a half just to pay the property taxes and homeowners insurance on my house. + +I want to make my own American Dream and that starts by selling this old house and buying a van and living there. + +I know that's not everyone's dream, but there's no rent, I can go where I want and when I want, and I won't have to pay car taxes if I move back to Alaska. Best of all I don't have to work if I don't want to or work at a job that's shitty and life destroying + +Anyway, I really don't know how to sell a house. Is a realtor the way to go or are these online buyers like Zillow better? + +I paid 70k for the house 20 years ago. Zillow says it's worth 160, but I've made substantial improvements like new roof, plumbing, central air, new kitchen, bathroom, new siding, and much more. I'm thinking at least 250. + + +So, I guess what I'm looking for is a buyer who doesn't mind doing some work but who will give me full value for all the work that's been done. +Hey everyone I’m wondering what I should do in my situation. I want to finance a truck - 2020 Silverado 1500 work truck for $22,000 (really good deal because of truck month) I have an 8 grand down payment and I work 50 hours a week for 16/hr as a carpenter. In the winter coming up I’ll be plowing on top of that. My family keeps telling me it’s a bad idea and I should just get a cheap crap truck to beat up. What does everyone think? +A friend of mine said that after the pandemic, he's started to budget a lot less to spend more money on travelling. His belief is, what's the point of saving if we all die! Funnily enough, before the pandemic, he was a cheapskate always saving and thinking long-term. Interesting to see him have changed this much. + +A part of me agrees, and of course, disagrees. For me, I have started to find different things important that weren't so before, going out for dinner with friends, and prioritising experiences over materialistic goods. Crazy to think that 2 years went by in our lives that we'll never get back and how it changed our lives and will most likely impact how we think about how we spend our money and manage it forever in the future. + +How did the pandemic change how you think of your personal finances? +Was thinking more of financial planning for my future children (none yet, planning for 2) and was wondering if it might be more beneficial to start a 529 when I do have a child, or just invest a lump sum in a fund like VTI? +My plan would be to put $5000 in something once they’re born and let it grow until they’re an adult. It seems like the 529 would be better if they end up going to college, but I’ll want them to choose the path best for themselves and thought maybe I should just give them the money invested in a fund when they turn 18 for something responsible, like school, housing, investing, etc. Also with the fees for a 529 I’m wondering if it’ll be worth it, especially if they choose to not go to college. +Anyone have any advice in this matter? Or have planned something similar and have some insight? +I am a 30 y/o tipped employee looking to start a retirement fund. Salary is 40 - 50,000. What should I expect from this initial meeting, and what are questions I should ask during it? +Looking for a 529 plan that I can transfer stocks (hopefully at book/cost value) into. The original account is a UGMA brokerage account that I'd like to transfer to 529, but would like to transfer stocks, vs sell stocks (and pay gains now) then buy ETF/MF. +They predict that roughly 10% of the world's GDP will reside on the bitcoin blockchain by 2027. 10% of today's gdp is 7.5 trillion. So if you divide 7.5 trillion by 21 million, that would make each bitcoin worth over $300,000 per bitcoin by 2027. + +Link: http://www.coindesk.com/world-economic-forum-governments-blockchain/ +We can stop new people to be scamed by Bitcoin.com by sending their Bitcoin to this ( https://play.google.com/store/apps/details?id=com.bitcoin.mwallet ) fake wallet that give you Bitcoin Cash address as input. +Take 5 minutes from your time, install this app and give it a downvote. +https://play.google.com/store/apps/details?id=com.bitcoin.mwallet +I am looking at entering the market, to date I have about 100000 to invest and I am very excited, I am not looking for tips specific to any particular stocks but rather general newbie advice I and keep in mind as I look into different stocks and try to create a balanced portfolio. + +My risk tolerance is medium/low and I am hoping for long term moderate year over year growth opposed to get rich quick schemes. I would consider 6-8% growth to be a relatively successful year. + +Other potentially useful info: early 30s, Canadian, the majority of what I invest will be out of my tax free savings account. Literally no portfolio outside of my company stock of which at its current market value is worth about 8k. + +Best advice? +After panic selling everything at 6k and entering at December ATH, the formercoiner is even more viscious than the nocoiner. They are filled with a dangerous combination of embarrassment, guilt, self-doubt, and envy. They can't bring themselves to buy back in so they spend their time trashing Bitcoin so their losses never exacerbate further - and they are everywhere. + +EDIT: Perhaps a better name comes from Spajn in the comments: XCoiner +I got married a little over a year ago and we have been consolidating our accounts recently. I stopped into a local branch of my wife's bank to change my address and switch over my direct deposit. The bank employee was helpful, but he kept trying to get me to sign up for a credit card the entire time. I declined multiple times, and at the end I told him that I wouldn't make this type of decision without my wife anyway, but I would ask her that night and if we decided to enrol, I would call him back. + +We both agreed that we did not need a fourth credit card, so I didn't call back. He called me a time or two over the weekend and I missed the calls but he left voicemails encouraging me to sign up for the credit card and also said he was looking at my file and noticed that the bank owns our mortgage and that I should consider taking out a HELOC as well. This just kind of rubbed me the wrong way, he was too pushy, so I just never called him back. + +Fast forward a few days and I get a notification that my phone number had been changed in the bank's system. I called to find out why, but nobody was able to offer an explanation. It was weird because it was changed from my cell number to my parents' phone number (I haven't lived with my parents since 2005). I have no idea how this happened, neither of them are with the bank and being a new customer I have no idea how they would have ever even known about that phone number. In the end I just changed it back and let it go after getting nowhere with customer service. + +Two weeks later, I get an email saying welcome to our credit program and I sign onto my online banking to see a new credit card section! This dude has signed me up without my permission. I was furious. I call the bank manager and he confirmed the same employee did it. He also confirmed that the employee had used my parents' phone number on the application (which is creepy because I don't even know how he got that number to begin with). + +What are my options here? I think this guy thought he could just take advantage of me and get a nice commission because I'm a younger guy, but I'm furious and feel violated. + +I also haven't received the card yet and if this dude imputed the wrong phone number, how do I know he didn't send the card to the wrong address? How do I know he didn't take this a step further and apply for that HELOC he was trying to sell me or something? I know that isn't likely, but who knows? + +Any advice? + +TLDR; Bank employee signs me up for a credit card without my permission. + +EDIT: Okay, the card came in the mail. So at least there's that. + +EDIT2: Wow I did not expect this kind of response. Thanks everyone so much for all the advice. I just heard back from the district manager and corporate and HR are now involved. They said they are doing an investigation and will be having a sit down with the employee about this issue on Monday. They also will be providing a letter in order to get the account closed and have the inquiry removed from my credit. I will update as this progresses. +The next MASSIVE token with a rapidly growing ecosystem of applications: + +1.SafeDEX + +\- An exchange exclusively for new coins that have been vetted by an independent auditing firm. + +\- Free from rug pulls and scams - this will be a gem hunter's paradise. + +\- The beta has already been audited and approved by our independent auditing firm. + +\* Check out the demo of safedex on our website and youtube channel \* + +2. SuperShiba NFT Meme Marketplace + +\- A platform for users to create memes directly as NFTs, share them, trade and flex their claim over thousands of unique memes. + +3. AND MASSIVE MARKETING ON THE WAY + +\- 1,000,000,000,000 $SSHIBA tokens + +\- Over 52% sent to Burn address + +\- 45% added to PancakeSwap V2 Liquidity + +\- 5% Dev/Marketing + +\- Dev and Admin team DOXXED! Alongside an extremely active community. + +\- Regular giveaways! + +Exciting recent developments: + +\- New website launched + +\- Chinese domain completed + +\- Poocoin ads processing + +\- First quotes for billboards in major cities, such as Tokyo and Zurich, received + +Numbers + +\- over 6000 Telegram members at writing + +\- over 6200 Twitter followers + +\- Top 10 on all-time-best on Freshcoins + +Get in touch: + +All info can be found from links below: + +https://super-shiba.com/ + +https://t.me/SuperShibaBSC + +Team: + +Developer - Anthony + +Marketing Director - Dane + +Community Engagement - Ben + +Project Manager - Gareth + +Super Shiba token: + +0x922c77c7724d7b77fd7791be5cc5314b70c3a781 +&#x200B; + +&#x200B; + +&#x200B; + +[Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek.](https://preview.redd.it/10mcakt2rlt81.jpg?width=201&format=pjpg&auto=webp&s=0e2507d755c5c9255c85465e2d66dbfa389f5c7b) + +&#x200B; + +LET THEM EAT ASSETS...CHAPTER 13 THE INVISIBLE BAIL OUT 2019-2020.... This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets... + +&#x200B; + +At 9:05 on the morning of Friday, September 13, 2019, a group of financial traders and analysts gathered for their regular daily meeting at the New York Federal Reserve Bank. These traders were expected, every weekday, to have a firm grasp of what was happening in global markets so that they could explain it to their boss, Lorie Logan, who oversaw the New York Feds entire trading floor. After everyone got settled that morning, the New York traders described what had them worried. They had been watching the enormous global market for the U,S, dollars, which they referred to simply as "money markets" The money markets tracked the flow of real actual, hard cash as it circulated around the world. + +There were many parts of this market, including overnight loans that banks used to keep their books straight, along with the billions of dollars borrowed daily by hedge funds to finance their bets. The New York Fed was obsessed with global money markets. The Fed's primary job was to control the price of money, and this price was expressed in the short-term interest rates paid by the banks and hedge funds. The Fed's traders were worried that there might be a cash squeeze looming on the horizon. It was trued that the world was awash in cash, perhaps more cash than existed at any point in history. But the traders were seeing market signals indicating that short term interes rates were rising, and they might continue to do so, maybe sharply. + +The Fed itself was directly responsible for the situation. The strain on financial markets was happening as a direct result of the normalization process overseen by Jay Powell. Normalization had been taken off autopilot, and had been essentially halted but the Federal Open Market Committee (FOMC) had none the less withdrawn some of the extraordinary interventions of the Bernanke era. When the Fed reversed quantitative easing, it drained more than $1 trillion of excess cash out of the banking system. Excess bank reserves ---meaning the level of cash that banks kept in vaults inside the Fed--had been drawn down from 2.7 trillion in 2014 to about 1.3 trillion in September 2019. This was still about 76,000 percent more excess bank reserves than existed in 2008. But the reduction was significant. + +The warning signs were coming from the crucially important cash "repo" market. The repo market was part of the bedrock of the financial world, and it was supposed to be a super-safe form of lending. A repo loan was short term, maybe as short as overnight. It always worked the same way: A borrower would hand over Treasury bills in exchange for cash. Then, the next day or the next week, the borrower would give back the cash in return for the Treasury bills, paying a very tiny fee for the transaction. THe whole point of a repo loan was to be able to get cash when you needed it, in exchange for ultrasafe Treasury bonds. This was very important for Wall Street firms---they had hard assets like Treasury bills, which were worth a lot, and they needed ways to unlock the value in the form of cash to meet their overnight obligations. Banks were more than happy to do this short-term loan because it was safe; the banks held on to the Treasury bills as collateral so there really wasnt any risk. If the borrowers went belly-up, the bank could sell the Treasurys and recoup the total value of the loan. This is why the repo loan market was a muti-billion dollar market. All kinds of financial institutions used it every day to swap Treasurys for cash, so they had money on hand to do daily business. + +On Friday the thirteenth, however, the repo market was sending out flashing signals. There were early signs that big banks like JPMorgan were increasing the very tiny interest rates that they charged for repo loans, banks were raising rates because they were growing hesitant to extend repo loans. The banks seemed to feel that they were running too low on cash reserves. On the following Monday the banks would be running extra low on cash because two things would happen at the same time. First, it was Tax Day for big corporations, which meant that banks would be sending a lot of cash out the door to pay tax bills. Second, a lot of auctions for U.S. Treasury bills were going to settle, meaning that banks had to pay cash for Treasury bills they had earlier agreed to buy. All of this would drain cash from the system and reduce the level of excess reserves. + +&#x200B; + +The events of the following Monday showed that the Fed's of New York trading team was essentially flying blind. This meant that the entire leadership team of the Fed, including Jay Powell, was also flying blind. The central bank had transformed the financial landscape by swamping it with money and in doing so had destroyed one monetary regime and replaced it with a new one. But there was no reliable instrument to measure the terrain of the new regime. This fact was made a stark reality on Monday, when the repo market blew up, the resulting market crisis almost became a full fledged financial crisis, at a moment in history when the markets were supposed to be stable and in good health. The only reason this didn't happen was that the Fed stepped in, almost instantaneously and initiated a 400 billion bail out. This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets. But the most remarkable part of the bailout is that the Fed did it without much notice. A 400 billion emergency cash injection was no longer news. The Fed described it as a matter of normal maintenance. But thats not how it looked from inside the Fed, as the repo market melted down. + +&#x200B; + +It wasnt unusual for repo rates to rise about 0.3 percent in times of stress. In December 2018, for example, the repo rate spiked dangerously during the market turmoil that prompted Jay Powell to reverse the normalization process. At the time the rates had jumped alarmingly high, from about 2.5 percent to over 3 percent . Nobody was expecting that much movement in September, when markets were tranquil, unemployment was low, and the economy was growing. The New York desk sent an alarming dispatch repo rates continued spiking, they would hit five percent that day. Nobody knew what was going on, this was the kind of repo rate that signaled a market panic. But there was no discernable reason for a panic. No bank had gone bust, no nation had just defaulted on its debt, and no major news had come out of a central bank . The analysts in New York were trying to get a handle on why the rates were spiking. It quickly became clear that the turmoil was not a fluke. The market was deteriorating. Lorie Logan who oversaw the New York Feds entire trading floor dispatched a message to Jay Powell , the repo market was seizing up, she reported , it wasnt stopping, and her team was simultaneously trying to understand the problem and come up with a plan to deal with it. + +If the repo rates did not immediately subside from 5 percent back into a normal range between 2.25 and 2.5 percent, they could precipitate a cascading series of failures on Wall Street. All those hedge funds, that used repo loans to pay their daily bills would be forced to find other ways to raise cash, and raise it quickly. This meant they would start selling off hard assets, like Treasury bills or mortgage backed securities . When too many people do this at once, it creates a "deleveraging" event, meaning that everyone is liquidating their holdings at the same time, which causes prices to crash. Logan and her team worked until seven in the evening on Monday to get an accurate picture of the repo market, the situation was very bad, the repo panic was not abating. But even more worrisome, it looked like the Feds Funds rate was about to rise above the level set by FOMC. + +On Tuesday morning Logan arrived early at the Eccles building to hold an emergency meeting with Powell, Logan presented the plan that her team had developed, if market conditions worsened, as the data seemed to predict, the Fed would be ready to act. That morning the price of a repo loan crossed 9.5 percent, this was the territory that caused financial meltdowns. That day the Fed initiated an unprecedented $75 billion into the overnight markets. That was just the start of a long bail out, which would later come to include massive new rounds of quantitative easing. When the Fed announced these measures, it used a lot of technical terms and talked about the whole thing as if it were a plumbing job. But this obscured and important reality. The money that the Fed unleashed was not a neutral force. It benefit some people and disadvantaged others. + +Between 2014 and 2019, the total value of "short" positions in the Treasury futures markets owned by hedge funds rose from about $200 billion to nearly 900 billion. The hedge funds found themselves obligated to make payments on their future contracts but had to pay more money to keep the repo debt rolling. When repo rates spiked in mid-September, financial analysts on Wall Street started hearing alarming stories. Certain hedge funds were very very desperate to raise cash and raise it quickly. Ralph Axel, an analyst with Bank of America captured the moment in a report published months later, his message was chilling. He pointed out that the hedge funds dependence on repo loans had doubled in a decade. If the repo market was closed off to hedge funds, then they would be forced to liquidate Treasury bills and mortgage securities at a level twice as large as the amount liquidated in 2008. Always understand Axel wrote, "The impact could be massive" The financial world faced a forced liquidation event that could be twice as large as that in the horrific crash of 2008, and this was all happening during the apparently sunny weather of an economic boom, when markets were not just stable, but rising. + +When the Fed entered the repo market on September 17, it bailed out any hedge funds that found themselves desperate for a repo loan. The going rate for such a loan was over 9 percent that day. The Fed offered such loans at 2.1 percent, using the money it could create instantaneously. The hedge funds could breathe. The repo market was once again available to them . It is difficult to quantify, financially, just how much money this was worth to hedge funds. They saved a great deal of money on the repo loan itself. But they saved a nearly incalculable amount by escaping the consequences of having entered basis risk trades that went bad. The Fed made sure the hedge funds did not need to liquidate their holdings. When the Fed announced its repo intervention. It didnt talk about hedge funds or basis trades or the fact that it was improvising a new system for controlling overnight loan rates. As the repo bail out continued over weeks and months, Fed officials like Powell and Logan talked about if as if it were a routine form of system maintanence. The Fed was trapped by its own past actions. It was committed to a level of intervention and money creation that would have once seemed wildly improbable. This is what it took to keep basic market functioning. + +Robinhood: + +Robinhoods platform was made to look like something that democratized high finance, moving riches of stock trading from Wall Street to the family living room. But Robinhoods business model was dominated by the same big players that already operated at the peak of financial power. The people who traded on Robinhood were not the companys real customers. Its real customers were big hedge funds and trading firms like Citadel Securities. Robinhood might have organized all the trading through its app, but the trades were actually executed through Citidel. These firms paid Robinhood millions of dollars for the privilege because it allowed them to see what people were buying then make trades based on that information as they filled the order. This was called Payment for order flow. Robinhoods cash from order flow more than tripled from the start of 2020 to the same period in 2021. Its unclear how much money Citadel earned from the arrangement, because its privately held. Market swings were hard to predict, but Citadel had a good view into how things worked at the Federal Reserve. In 2015, the company hired Ben Bernanke to be a senior advisor. +Hello Guys!!! + +People usually share their best performing cryptocurrency or some gamble that went their way. +But ignore the worst performing cryptocurrency in their portfolio. +So what are the cryptocurrency that you regret buying and see no future scope for them now. + +Start the anti shillings. + +Here's mine + +I bought WINK at average price of $0.0014 and today's price is $0.00064. +Its down by 56% and I dont even feel like DCAing into it. +If it does not recover in this bull run I would definitely sell it. + +So all the newbie dont FOMO in and Do Your Own Research(DYOR) +I have been steadily placing extra funds in as time has gone by, no large sums as none of us really knew what was going to happen! + +I am suprised and some what curious as to why such a quick turn around has occoured. I remember seeing posts of people saying how badly they had messed up buying and myself reading.. well thats me right there! + +Time in the market really is the key factor that I am taking away from this. I understand its a bad example with SUCH a quick turn around, but should another drop occour for any reason, I know to just bide my time and wait it out. + +Thank you to all the knowledgeable and wonderful people of UKPersonalFinance! +Ive been burned by so many stocks this year by not profit taking. The news is always amazing, and then they drop , drop , drop. Even Apple had two fantastic ER and dropped. They are saying the stock is now over-valued by 27%. Can I get a bit of help please ? +I just really fail to see how this is anything but a bull trap. + +My life savings in bboz and bbus is bleeding out at this rate, and I thought last week was a roller coaster. + +Or have i and everyone else still on the bear wagon just missed the bbus? + +Discuss. +My friends and I have reached that stage in life where we've started to have to make those boring 'personal finance' decisions. More often than not, I've found the same questions asked repeatedly. These questions are often also echoed in the forums here. + +As a side project, I've started to pull together answers to those questions. The answers are by no means perfect, but in my humble opinion are much better than the advertisement ridden answers you get from plenty of other 'financial advice' type sites run by big companies focused on profit. + +Some of the articles I feel that may be of interest here: + +* [Whether to buy your car new or used](https://www.themoneyhackers.com.au/car-buying-used-or-new/) + +* [Extended warranties - should you buy them?](https://www.themoneyhackers.com.au/extended-warranties/) + +* [Private health insurance - should you get it?](https://www.themoneyhackers.com.au/private-health-insurance/) + +* [Should I rent or buy a place to live?](https://www.themoneyhackers.com.au/should-i-rent-or-buy/) + + +I've love to hear feedback from this community on the site.Is it worth continuing? Is it readable? Does it come across too much as 'financial advice'? + + +[All other articles.](https://www.themoneyhackers.com.au/) + +PS. No ads, no 'courses' or 'seminars' and also no selling of 'eBooks' - just hopefully some useful advice. +I started following this subreddit about 7 years ago when I was just starting out in my post-undergrad entry job in 2013. I had $42,000 of student debt, no family support or wealth, no savings and and entry level job making $60,000 in NYC. I lived frugally, focused on snowball-style clearing my student loans and while saving a little on the side to build up for a downpayment for a house. + +After a year in NYC, I realized I was better off moving back to Philly (where I'm from) if I wanted to have a better life and financial stability. + +I moved back to Philly in 2014 and my expenses went down plenty (lower cost of living and cheaper housing). I was paying $600 a month for rent, sharing a 2 bedroom rowhome with a roommate and kept paying down my student debts, but also started saving as much as possible on the side for a downpayment on a house. + +By mid-2015, I purchased a house for $200,000 (3% down, no PMI, 4.25% , max sellers assist on closing costs home buyer program Philly offers), which cost me about $11,000 to settle. Monthly mortgage came out to $1,100. + +That was a major milestone to check off, but there was still the student loans to continue paying and more financial goals to hit like retirement contributions, emergency fund, market investments, etc. + +Over the past 6 years since buying the home, my salary went from 60k to 65k to 75k to 135k to where its currently at 140k (around 155k after bonus). + +The salary increases allowed me to pay off my loans entirely and have 0 debt (other than my mortgage), maxing out 401(k) contributions and IRA contributions, have gambling money for stock/ crypto investments and buy all of my "wants" (nice camera with good lens, quality 4k TV, apple device ecosystem, etc). + +I turned my home into a rental property 3 years and rent it out for $1,650 monthly (covers the mortgage and provides me some extra money which I've just been putting towards the remaining principle) and have been renting at a cheaper place while saving up for another property. + +I recently entered an agreement of sale for a new construction home on the Philly waterfront for 649k and have a full 20% downpayment (plus enough to cover the closing costs and still have $50,000 left over for an emergency fund). + +Now i'm 31 and once I settle on this new home, I feel like other than paying off the mortgage I don't have anymore personal finance goals which has me feeling aimless. + +I have zero desire to have kids, I dont have any material items I want, have a good vehicle which I paid for in cash (2021 Mazda CX-5 signature) and once I have the new home I'll still be able to save over $45,000 annually. + +A lot of my planning and goals were routed in financial stability/ carving a comfy spot out in life for me (I'm from a credit card debt, working class, $35,000 household in philly so financial stability was a HUGE priority for me from my childhood experience of seeing how my parents had to live). + +The aimlessness is feeling has been going on for months and I feel like I'm in need of perspective to learn how to transiton into this arc of life where I'm out of the "hole" and now on flat land. I'm a simply guy who doesn't have expense tastes, yet my financial plans were where a lot of my external accountability came from and I always felt driven, but now I'm feeling flat and lost. + +Anyone have advice or perspective to share on what aspect personal finance plays in your life once you're established? +TL;DR + +The DTCC wanted first dibs on the hedgies before enacting the regulations that will bring this all into the end game. + +\---------- + +Like many of you, I've seen the abundance of posts about NSCC-2021-801 being approved on May 4th. Like many of you, I celebrated while waiting for the approval of NSCC-2021-002. + +As I was sipping on my crayon juice cocktail, I remembered a specific detail from a [post](https://www.reddit.com/r/Superstonk/comments/mmh9jq/why_is_the_dtcc_taking_so_long_to_act_when_moon/) I wrote a few weeks ago regarding May 4th. It has to do with the DTCC Common Stock Reallocation. + +In this post, I went through the notice detailing this process. Here is a PDF from the DTCC website. + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/5/A8986.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/5/A8986.pdf) + +As a part of this whole ordeal, Mandatory Purchaser Participants (of which Citadel is a huge one) are given the proportions of stock they **MUST** purchase. Altogether, you're talking about huge numbers. + +A total of 50,907.78311 shares with each share worth $37,243.93. This comes out to $1,896,005,910.604022. Almost 1.9 billion dollars. + +Now, how does this apply to Citadel? From Gary Gensler's testimony, it seems that Citadel executes about 47% of all retail volume. And while I don't have exact numbers, I can easily image that they would have had to purchase a bunch more shares, which meant that they had to give the DTCC a hell of a lot more money. Come to think of it, so would JPOM, BOFA, Morgan Stanley, etc, etc, etc. Potentially millions of dollars depending on how many more DTCC services they used. + +And when was the date set for all the shares to be reallocated and payment settled? (sold and bought according to the participant's usage of the DTCC services) + +**May The Fourth.** + +&#x200B; + +https://preview.redd.it/ei675y6u4ix61.png?width=688&format=png&auto=webp&s=c542f6b99e399c9923f67472c0ed9a045a2d1c89 + +This is why it makes sense to me that the DTCC scheduled NSCC-2021-801 to be approved on 5/4 and why NSCC-2021-002 should be approved shortly after. **The DTCC wanted their tendies FIRST before throwing the hedgies under the bus by enacting the rules that would force them to cover their shorts.** + +To put it bluntly, this is the DTCC's version of what we witnessed in the movie Braveheart. + +**The DTCC just PRIMA NOCTA-ed us.** + +But, as sloppy seconds go... having the DTCC move to margin call the hedgies and to dole out money that will fund my retirement and charitable pursuits ain't all that bad. +Hello all, first time caller, long time listener. + +My wife and I have been thrust into a less than desirable situation where we are now needing to buy a home quickly. We both have car loans (both are at 1.99%) she owes a little over $8000 and I owe a little over $11000. These are 2017's and we pay roughly $500/mo for each. We also have about $11000 in credit card debt between 3 cards. My wife and I argue on which to do first - we have about $6000 before our tax return (will will likely be around $1500) that we can either put towards our credit cards or put towards her car and potentially have it paid off in 3 months freeing up $500 in monthly income OR put that towards our credit cards since they have the higher interest rates. + +What say you?! Honestly, I could use all the assistance y'all have. Been a rough few weeks. + +&#x200B; + +EDIT: I want to thank everyone for all of their insight, I didnt expect this to blow up like it did. Credit Cards are coming first, as you have stated. We are also going to look into trading our cars in for used ones that would zero-out our existing payments with a trade. Thank you all for the help!!! + +EDIT2: thanks again for everyone’s input, and especially for the suggestion of the unbury.me site. That alone is going to help us out significantly. With y’all’s help we have everything properly planned out and have made some changes. Thank you!’ +Basically I bought a house in April 2014 for 123k. The county assessed it May 2015 for 175k. I know that's way too high - my home was built in 1955, is the same size as all the homes in my neighborhood, has not been significantly upgraded, etc. Other homes in my neighborhood assess for 80k-125k. I filed an appeal when I got the notice in the mail and basically never heard back. Calling the county about 2-3 months later, the woman on the phone told me sometimes appeals take several months and not to worry. Now however they seem to have no record of an appeal. I'm scrambling to do more research, and realize now I should have filed a homestead exemption, even though I'm not 100% sure what that means. I had a really terrible real estate agent. + +Should I get a tax attorney? Will the county work with me at all since I'm now 6 months out of the assessment period? This assessment has taken my mortgage from $870/month to $1400/month. My take home pay is only $2400/month, and I'm paying $800/month in student loans. About $380 of the new mortgage rate is the tax shortage. I simply can't pay this amount, and I doubt I can sell my house with this insane overblown assessment. + +Please help! I apologize if this is the wrong sub, /r/realestate looks to be more for purchasing new homes and investing. + +**EDIT:** Holy tits everybody, thank you so much for all the great advice. I got several PM's that were very helpful, and I was able to contact a tax lawyer. LOOONG story short (I've been on the phone pretty much all day and had to leave work early), what the county did to me is super illegal. The law in my state is that they are supposed to keep the same tax rate based on your closing price for a full calendar year after a home is sold. This is why my appeal was thrown out - someone at the county thought it was a mistake, since I shouldn't have even been reassessed that early. The Appraisal Supervisor called me on his cell phone and basically bent over backwards promising to get it fixed. So I will be reassessed again in May and will be able to file a proper appeal then, but I should not be charged extra tax from being behind for 2015. The lawyer I've been working with was recommended by a friend, and did not even want to charge me since my case was so cut and dry - I just didn't have the right person's contact info. The next county meeting is on January 21st and my property tax will be fixed then - my lawyer told me if it's not, contact him and we will have a field day suing the county. I was also contacted by a couple of local papers who want to use my specific example to write about Dekalb's extremely messed up property tax process. I'm not sure if I want to do that since it looks like everything will work out and the few higher ups in the county I've talked to today have been very nice. + +Also, I have filled out my homestead exemption. Thank you to everyone who explained to me how that would help me. This is something I should have gotten from my realtor, but again, she was an absolute garbage person. I met her once, and then she'd send her unlicensed 19 year old niece to let me in to properties. I was planning on firing her, but then I found my house and just decided to close and be done. She was let go from her real estate office not long after, I was not the only person having issues and she was having her niece do work that was not legal for an unlicensed non-realtor. + +It will take 6-8 weeks after January 21st for the tax change to take effect, and then what I overpaid will be refunded to my bank. I should get a check at the end of the year. I already have been working on an enormous spreadsheet breaking down every property in my neighborhood - I am going to wreck the county's shit with hella facts next year when I am reassessed. I have definitely learned a lot in the past two days. I love you, reddit. Thank you. + +**EDIT EDIT:** I really appreciate the PM's calling me a liar. Super cool guys. I actually provided a screenshot from the bank breaking down where the $1,400 is going in an earlier comment, [you can see it here.](http://imgur.com/f0aSnWK) I know I've typed out a lot, but no I am not paying $600 in taxes every month. The difference includes a shortage since taxes are paid by your bank out of your escrow account. So I'm basically being charged for being short this year and for estimated taxes next year. Imagine a rotisserie chicken... +Good morning FI community, + +I advise being very careful when placing any specific lot trades with Fidelity - track the lots, screenshot/video your trades, and keep an accounting of your total shares sold somehow. + +I've just gotten off the phone escalating a trade dispute with Fidelity and want to warn other folks so they don't have the same issue I am experiencing. + +Fidelity's tax lot trading system is not working properly. The last 2 days I have been selling VTI and VXUS and only selecting lots that showed unrealized losses, in an attempt to 0 out my gains from earlier this year and reduce my income by $3K. + +I have been investing daily-weekly for over a decade and thus hundreds of lots. I am not new to the Fidelity system and in fact worked there for some time and very well versed in their online trading system. + +I started with $15K in gains I needed to negate and started selling lots sorted by greatest loss in VXUS and VTI and making corresponding occasional buys into ITOT and IXUS. I sold several pages/scrolls of the largest negative lots of both. To clarify, I was sorting the lots by amount of gains and losses. This puts the largest negative loss at the bottom of the list of lots. I would select the greatest loss first and working up for a few scrolls of the window, never getting into the unrealized positive gains, and placing the trades after 2-3 pages of lots were selected. + +The preview order page showed estimated losses on every trade I placed. I finished selling these lots over the past 2 days. Today I log in today and see extremely low balances of shares in VTI and VXUS. + +I call Fidelity and they review the orders and say lots were being sold for gains. The trader I spoke with told me that many orders placed had unrealized gains (not losses), and that I had a net gain through all of my trades of several thousand dollars. The trader I spoke with talked to their IT team and supervisor and have told me there is nothing they can do as the trades on their end do not reflect what I was selecting in the trade ticket for share selection. + +Edit: Not a wash sale issue - I am aware of the rules. Another redditor said it seems like it may be a problem of the specific lot selection screen not updating so it allowed me to sell lots multiple times, causing it to grab different shares that weren't what I selected. This would make sense as it would sometimes update with new lots with losses larger than what I had already sold. I thought this was happening because I was told (Fidelity) I had too many lots for the screen to display them all so assumed it was normal to pull in different amounts. I wanted to harvest as much loss as possible and continued selling until the amounts shown were not high enough to warrant the time. +The more I think about how life will be different, I can’t help but think of all of the things I would have loved to do, if I had the time or the money. So many smart Apes out here, just look at the DD and creative thinking/artistic talent that gets thrown around here daily, and for most this is a ‘side hustle’. + +It truly jacks my tits thinking about all of the wild and crazy shit we will see coming from this community when we are no longer burdened by all of the things that kill our great ideas. Wether it’s charity, giving back, smart new business ideas, or creative outlets like arts, we are going to see some major change. + +I can’t wait to support each and everyone one of you crazy apes’ new ventures, and I think this more than anything keeps me going. Having 100% freedom to do what we want to do, and knowing if it’s not profitable who cares. You’ll be investing in yourself, as well as the greater good of our communities, and that’s just awesome. + +💎🙌🏼 Apes, the day is coming. We are the MOASS generation. +First of all I come from a poor and developing country in West Asia. I have quality education for my region, having finished a BA in USA and an MA in Korea. That has allowed me to make a decent salary upon graduation and save up to $7,000 in one year. Now I have two options: one is attending a PhD program in a top ten ranked program in the world with full scholarship and an opportunity to possibly migrate to a developed nation. The second is work for a firm in Dubai making a decent salary that would allow me to save $2,000 per month. + +**Financially speaking I have several questions:** + +* Would you go for a PhD that might/might not land you a good teaching job in four years? Or would you advance your career and continue saving more than $24,000 per year? Financially speaking, which is more rewarding? + +* Investing in Africa: I intend to travel to Tanzania soon to initiate an agricultural project. We will acquire land first then expand our operations as our investment keeps rising. I ask: how many of you have experience in East Africa? Also, would you rather invest the $7,000 in an ETF ? (Keep in mind being from a poor nation makes it extremely hard to join an electronic investment/trading platform unless you have substantial amounts to invest) + +* For fellow poor nations citizens; how would you invest $7,000? + +When is enough enough? I have been Investing just since January of this year, and I have been in the green maybe a total of 2 weeks since then. This week I have lost 12% of my total investment. I believe in all the companies I’m invested in long term, but right now bad news after bad news has led to a sell-off. How do you know when the free fall will stop? It seems like investing has just given me anxiety, I’ve invested in companies from multiple different sectors and etfs and they’re all performing horribly, I don’t know if I need to sell and purchase other investments, or if I’d be selling at the bottom. Any advice would be greatly appreciated +If you are in the tech for the future, and are building for several years, a drop of 20% should be celebrated. It's weird to think about it, and can even be difficult to look at the sea of red, but its true. + +Whether its caused by cascading liquidations rippling across the entire market, or a ban from a foreign country, its irrelevant. If you believe crypto is the future and your greatest chance to financial freedom, then **you should be absolutely cheering at this point**. + +Call it a dip, a fall, a crash, a fucking doped up junkie grizzly bear carrying a scythe wearing a black executioners hood. Call it whatever you want, compared to the ATH in Novembers, the tech you believe in **is now selling at a 'buy one get one free' pricepoint.** + +People riot over price discounts that big on Black Friday sales. Why should this be any different? +I'm honestly a little tentative about posting this here, but I have a chronic case of analysis paralysis, so I'm just looking for outside perspective. + +About a month ago, I found out that I (27M) am going to be a father. My wife and I are very excited for our first child, but obviously this has caused me to examine some of the choices I have made. I am a car enthusiast. I enjoy the act of driving, working on cars, and really anything that has to do with cars interests me in one way or another. I am also financially conscious, and because of this I tend to own and work on old depreciated cars that interest me. + +This leads me to my dilemma. I drive 24 year old BMW. It's a car I really enjoy and I have done extensive work it to make it my own. With fatherhood on the horizon, I'm starting to question whether or not I really want to cart my kid around in this car regularly, largely for safety reasons. Because of this I've been looking into new cars, but my enthusiast side has pushed me to look at cars right around $40,000. I know this is a lot of money for a depreciating asset, but if I am going to make payments on a car I want to make sure it's something I like. + +Here is where r\personalfinance comes in. My wife and I gross $160K, and net $100K, $125K with 401k contributions\matching included. I budget $4,500 per month, on recurring expenses, and $5,500 per month with forecasted expenses (vacations, hobbies, ect.). We put a little over 10% of our monthly net income into savings which is now at $32K. Another thing to note is we just paid off my wife's car, and were making double payments, otherwise our savings would be quite a bit higher. I've also paid off my student loans and never carry a credit card balance. + +I don't want this to sound like a humble brag, but I know that we can technically afford a car in the price range I am looking. What I have trouble with is the opportunity cost of investing what I don't spend on the car. Am I just being too cautious or am I an idiot for thinking of spending $40,000 on a car? + +**TL;DR - Car enthusiast thinking of buying $40K new car, with $100K net income, and 45-50% savings rate. Am I an idiot or too cautious?** + +**Edit** - Did not expect so many replies. Trying not to ignore all of you with decent insights. I thought I should provide a little more information since some of the same points keep coming up. + + * My wife drives a 2013 CX-5, this will be a primary kid hauler. + * I plan to keep my car. It's a 1992 BMW 525iT. It's a wagon but it's also a bit of a "project car" being 24 years old with ~200k miles it is ready to retire from daily driver status. + * My savings rate is calculated based on my Total Earned Income, which I calculate as: (Net Income + Retirement contributions + company match) + * We have a home with a mortgage. Conservative equity of 50K after owning 5 years. + * We have a NW around $180K including home equity. Not a brag, but someone said it helped. +http://www.businessinsider.com/things-everyone-should-know-about-investing-and-the-economy-2014-12 + +From Morgan Housel - normally don't like things that aren't actionable, but this collection of quotes is a great 101 for every level of investor (not trader). Some of these you will say "duh, that's obvious", some of these you will disagree with, some you will say "where's the evidence?", but they should all give you something to think about regarding the nature of the markets and investing. + +A few of my favorites: + +7 There is a difference between, "He predicted the crash of 2008," and "He predicted crashes, one of which happened to occur in 2008." It's important to know the difference when praising investors. + +8 Investor Dean Williams once wrote, "Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same." + +26 James Grant says, "Successful investing is about having people agree with you ... later." + +27 Scott Adams writes, "A person with a flexible schedule and average resources will be happier than a rich person who has everything except a flexible schedule. Step one in your search for happiness is to continually work toward having control of your schedule." + +40 Since 1871, the market has spent 40% of all years either rising or falling more than 20%. Roaring booms and crushing busts are perfectly normal. + +52 There is a strong correlation between knowledge and humility. The best investors realize how little they know. + +62 Try to learn as many investing mistakes as possible vicariously through others. Other people have made every mistake in the book. You can learn more from studying the investing failures than the investing greats. +Silent Ape here. I comment from time to time, and do a little shitposting, but normally, I keep to myself. But since Jon Stewart announced his AMA on another sub for Monday, I’ve seen a lot of hate and frustration in this sub. + +I’m here to tell you that’s the wrong move. + +I’m not shilling (I haven’t used the other sub in a long time), and hopefully you’ll be able to see that by the time I’m done. + +I have read a lot of positive feedback on Jon’s episode on the stock market. While some didn’t feel it went deep enough, or covered the direct corruption this sub is seeking to highlight, I think most can agree it certainly wasn’t shilling - Jon made an honest effort to get more informed about what’s happening, and advocated at the highest level of the SEC for reform. + +Based on that (and the fact that Jon Stewart’s first ever tweet was about GME), I think it’s safe to say retail investors have an ally here. And one that, time and time again, has shown his willingness to follow through, advocate, and even testify before Congress for the causes he believes in. + +Don’t fuck it up. + +What do I mean by that? It’s simple - the other sub is the most publicized subreddit on this matter. They went viral at the beginning of this thing, and so their name stays in the minds of the public. + +Yes, they’ve deleted DD. They’ve kicked people for talking about GME. They’ve done all sorts of stuff that primed the creation of this subreddit. But none of that has to do with Jon Stewart. And he’s not going to give a fuck about an internet rivalry between two groups that have similar goals (yeah, I know, arguable, but stay with me). + +Going to that AMA and shilling/brigading Superstonk doesn’t move anyone ahead. It gets in the way of real people’s questions, it wastes your time, and it wastes Jon’s time. + +Even worse than that, the AMA has the potential to have a wide scope - potential new investors, people who are just learning about the market inequalities, and **a whole fuckload of media**. You bet your ass that if someone does not support this cause, they’ll be looking for evidence in the comments that the people who do support it don’t know what they’re doing, and they’ll use that to try and convince others that this is all wrong. + +Dont block new investors from being informed. +Don’t waste Jon’s time. +Don’t feed the shills. + +Do bring well informed questions. +Do Summarize DD. +Do give Jon reasons to keep digging into the data and keep pushing for market reform. + +Jon Stewart is an incredible resource and ally - let’s show him what the community can do, and what it’s done, consistently, for over a year. + +In short, don’t let the medium muddy the message. And always remember, ***true ape*** no fight ape. + +Edit: [The AMA is now being cross-posted to Superstonk!](https://www.reddit.com/r/Superstonk/comments/t7009a/jon_stewart_ama_monday_march_7th_10am_pt1pm_et_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 2: u/AzureFenrir gave some useful info that I wanted to share! A little less relevant given that the AMA is being crossposted, but it’s still good to know! + +> Hijacking top comment for all those who think they are still banned. We've all been unbanned by u/OPINION_IS_UNPOPULAR since New Years! So drop by VVSB and post your questions to Jon! + +>https://www.reddit.com/r/Superstonk/comments/t6sfpa/comment/hzea26q/?utm_source=share&utm_medium=web2x&context=3 +&#x200B; + +https://i.redd.it/1qlqv8g8eho21.png + +&#x200B; + +&#x200B; + +And I can carry over remaining -$10,345 net loss to lower my taxes for next 3\~4 years. + +This is an easy way to lower your federal taxes dues, so I highly recommend you to use this strategy if you are concerned or is afraid of paying taxes next year. +Need some help regarding best way to proceed in this situation. + +In January 2022, I opened up a Roth IRA w/ Sofi robo investing. I contributed $6k to 2021 account and then contributed $1k to 2022. I made around 115k in 2021 so thankfully did not overcontribute. + +This year, I suspect I will make over the contribution limit for single filers under 50. My gross income will likely be around 160-165k thanks to a PRN gig I picked up. I also will max out my 401k contributions this year. + +If I am calculating this all correctly, I believe my income will be too high this year to contribute any money to my roth IRA. + +My initial investment of $7000 in January (split between 6k for 2021 and 1k for 2022) is now sitting at around $6500. + +Not sure how to proceed from here. Have read multiple posts/articles on this but seem to have confused myself even more. + +This would be my first time trying to attempt to have 2 jobs. I’m a 24 year old woman. My full time job is a Amazon shopper in a grocery warehouse. It’s Sunday-Wednesday 6pm-4am. 15 dollars an hour. I was considering getting a part time job for extra money. I don’t have any children and I’m not going back to college until January of next year. I was thinking of working on my off days Thursday-Saturday. I have a offer from Dunkin’ Donuts Thad willing to work with those days. I would be working 6am-2pm. I really want to tackle some debt and put for a future vacation, haven’t had a vacation in years. Would this be possible? What hours and days should I try to work? Is it possible without being completely exhausted? I still want to have somewhat of a personal/social life. Any advice would be appreciated. +Ho ho ho! So someone decided today was the best day to do a rug pull! [Muskswap](https://coinmarketcap.com/currencies/muskswap/) just took a 95% dive on Christmas Day! Happy holidays to everyone in this sub, yet more proof why you shouldn't buy coins based on their name. I got quite a lot through an airdrop, but like Squid Game there was a catch - the coins were locked until the New Year. Now we know why. Any coin where you can't sell should be treated with suspicion as it's a total red flag and should be avoided. + +EDIT: To clarify, I didn't buy any, had some airdropped. +Hi guys, + + +I just wanted to write this that how grateful and what a huge privilege is it to even have money to participate in the crypto market. We tend to forget this often and a reality check is needed ..It causes us to become very dillusioned when we start comparing to everyone and seeing everyone is getting rich, everyone except for you. Don't compare yourself to anyone, its one of the largest causes of unhappiness, focus on your own respective journeys!! + + +Enjoy the process! I am so happy to see each one of you in this community and wish each one of you nothing more than success and happiness!! +For anyone who is at the point of being consistently profitable, how long did it take for you to get to that point? Was it 6 months, 2 years, etc.? Also how many hours a week did you spend working on it on average before you made it to that point? +I want to step into the world of trading futures and I was curious about commodity pricing. Do technical factors and fundamental factors have an equal weight regarding the market flow? +Hello fellow traders. I am relatively new to forex and don't quite know what i'm doing. I know acouple things about it but nowhere near confident to be using my own money. Every person i went to help for all wanna charge me hundreds of dollars for some online course. I simply cannot learn that way. If anyone is down to sit down with me and explain the basics it would be greatly appreciated. Hoping to find some connections. +Hi guys I wonder what’s the preferred timeframe for forex in day trading and rsi value. + +Right now I’m using 30mins timetrame and trading in 15min. I don’t know it’s correct method or not. + +Would like to hear advices from you. + +Thanks +Check this guy out: https://www.youtube.com/watch?v=m35I1SHMWyI + +Love the trading plan: + +1. Only trade .01 lot size per $1000. i.e. $2000 would allow you to trade .02 lot size. + +2. All trades have a TP limit of 50 pips. No stop loss. + +3. Trade pairs that have changed over 100 pips in the same day. This can be seen best on the 4H chart. + +4. Close any trade that you see make over 20 pips. No matter what. Find a new pair to trade. + +5. Double each trade after 50 pips change in the wrong direction. + +6. Always keep the Usable Margin over 75%. Stop opening trades if it drops below 75%. Wait for the turnaround…. + +7. Withdraw 50% of earnings per month. Keep the rest to trade. + +8. Trade in positive pair rollover direction. Always. + +9. Use Fibonacci Retracement to find trades to open. + +Cheers +Some background on myself. I am a technical trader that dont trade on monday and Fridays because most of the time i will lose the trade. + + +So yesterday one of my friend, he is a great fundamental trader, told me to short NASDAQ and SPX500 immediately when the market opens and during lunch time. I ask him why and he said that there is a very high chance of it dropping. I do not understand the logic and reason behind it. He told me that he believe trump is being stupid again thats why it will drop. I still don't understand the logic behind shorting it. + +It really did drop and he made some profit from it but I did not enter the trade because i was uncomfortable with trading on a Friday. + +So the question is should i play safe and trade when i feel confident or should i take some risk and listen to my friends that had been really successful doing what they are doing even when i don't really see the logic behind it. +Hello, everybody here, I am starting my trading journey and hope to make it a full time job at some point. + +Just wondering over time like 2, 5 or 7 years with consistent practice and learning, Is one assured of becoming a consistently profitable trader? +I am highly on the edge of starting Forex. I just see so many negative comments it’s kind of hard for me to take that last step . If I do start in which I want to I am going to dedicate myself all the way to it with my friend and we are going to study all we have to before we start . Will we see profit quick? +I'm a newbie in Forex +Currently I been trading with demo since I blow my 50$ acc so I think I need to learn more +I'm asking for advice to step my game up +Can I call catching 20 pips per trade a good position? +What difficulties you face with when you start trading? +Thank you for your time. +Iam noob +I know but I tried too many indicators signals too many indicators no thing worked for me iam literally stuck +Anyone know any content could help me +N. B I got through babypips + + +Hello, + +I've been testing forex strategies now for about 3-4 months using expert advisors. So that my testing is as rigorous as I can make it I've used all 28 major pairs over the past 10 years to backtest and for the ones that seemed to work alright I recorded their profits on each year to get a view of the drawdown. + +As a quick note, the only strategies that were at all profitable were on H4 and Daily TF minimum (although H4 experienced larger drawdown and volatility) and risked a maximum of 2% per trade (normally less than 1%). + +In total, I've tested probably over a hundred strategies now and several hundred indicators as well (I got into this through no-nonsense forex) yet out of those I only have found a single strategy that is consistently profitable on a yearly basis and that still can have quite bad drawdown periods. + +So I am confused because (except for some chart patterns that would be hard to program) I have tested most of the strategies that I've seen other people using and they don't seem to work, so I'm not sure how people are turning profits. + +TLDR I can't tell how anyone is making money when almost all the strategies that I've tested just don't work +im 17 and ive applied for 100's of job applications but i can't get a job, . Things are very desperate for me and i barley have enough money to eat or buy clothes. + +Would forex be a good way for me to earn money? I don't even wanna get rich quick; i'd be perfectly fine earning around £9,000 a year or even less; that would be a god send. i come from a single mother household and she barley has enough money to clothe me or my siblings; we survive on government welfare. + +I just want some money so i can buy some food and clothes. I'm not looking to make a lot of money; just enough so that i can have my basic necessities; essentially the same amount of money i would make on a minimum wage job. I wanna demo trade for around a year or so until im 18 when i can finally open my own account. + +Thinking about economics and maths at university; so maybe i can put down that i have experience trading for my application to university. + +my frineds don't even hang out with me anymore because they have money wheras i don't. They go on concerts and out for meals and i barley have enough money for a pizza; this makes me sad and my mum asks me why i don't have any friends. They don't even invite me out anymore, really makes you feel worthless. +I hear traders who trade 15 minute charts do that all the time. I’m really just trying to know why, not that confused but slightly confused. I mean I understand that by looking at major timeframes, you get a better sense of what’s going on in the market?….. is that it? + +Thank you +I'm a newbie to forex trading and I want to start trading a currency that isn't too complicated to understand. Is the Saudi Riyal a good currency to trade? +So I have been following different traders on Trendingview.com and Iphone apps called Telegram to get a free signal to study. I just want to see other traders strategies and their viewpoint. Many of the claim 80%+ success ratio but in order for you to get a better signal, you need to pay membership either yearly or monthly. But if life was that easy to just pay someone to just get free signals to get money, then no one would be working right now. + +Do many professional traders have a team or sign up to A signals to have a different viewpoint? because I know the more Ideas you get the better success ratio would be because no one is perfect and having a great team can help cover up each other weakness. As right now I follow free Telegram signals of Piphenes Inc, Trevorsignals, Astrofores and Fxcali. + + +I have been expecting my new office chair, a Herman Miller Embody ($1600.00 after taxes). this morning, I received a text from fed-ex letting my know that my package was delivered and signed for by none-other than myself. The package never arrived at my home, and I never signed for a damn thing. + +I paid for the package with my checking account, but the charge is still pending. Should I reach out to my bank and put the charge on hold until I receive the package in acceptable condition? I'm not really sure how to protect myself here. + +Thanks! + +# Edit 1: I've already reached out to FedEx and started a trace on the package. + +# Edit 2: The person who received my package found me on facebook and has volunteered to bring it to me. I proposed that I come get it myself, but they said it probably wouldn't fit in my car (camry). All is well. +Anyone here dropped from working full time to improve their work life balance and to spend time on activities they enjoy? + +What did you do to get there? + +How much do you earn? + +Can it be done on not a huge wage? + +What's your cost of living? +Hi all, + +Been quoted the following 8.3kw system and it was more than I expected it to be. Anyone care to verify? + + +20 x JKM415N-6RL3 415 Watt Panels (Jinko Solar Co., Ltd.) +20 x IQ7A-72-2-INT (Enphase Energy Inc.) +1 x BOS Enphase, 1 x Outdoor Board - Single Phase, 20 x Q CABLE - Single Phase + +$12k after STC credits + +Regards, +I was looking at putting some money that I'll need in the short-term into a 6-month term deposit, but the interest rates are lower than what you'd get by just using an ING savings account that gives you access to your funds at any time, no fees, etc. + +What's the point of a term deposit if you can get higher interest rates in a savings account? Especially with interest rates expected to rise, locking your money away just seems like a terrible option. + +Are there some taxation benefits or something that I'm not aware of? +A lot of people don't seem to be aware of the term "vacancy rate" so here is a quick explainer. + +The rental vacancy rate is an economic indicator which measures the percentage of rental homes that are vacant. + +How low this rate is (less than 3% etc) the more competition there is for housing. + +This rate will always usually be over 0% as there will always be housing going through transition, getting new tenants and so on. + +If this rate is high, it suggests that homes are taking longer to find a tennant (I.e supply is higher than demand). + +If it is very low it indicates its a landlords market and renters have very little choice. + +You can google your suburb and check out the vacancy rate. That will give you an indication as to how easy it would be to move and whether rent is likely to rise. + +Essentially, the lower the vacancy rate, the more likely rents will rise as you're in a landlords market. The higher the rate, the reverse. E.g when covid caused all the international students to leave, the vacancy rate temporarily jump in the city and city rent got cheaper. + +Hope this help! + +(And to beat a dead horse, rate changes has nothing to do with rental price, it is all vacancy rates) +[https://www.theguardian.com/business/2022/jan/03/china-evergrande-shares-suspended-from-trading-in-hong-kong](https://www.theguardian.com/business/2022/jan/03/china-evergrande-shares-suspended-from-trading-in-hong-kong) + +The collapse of Evergrande seems to be taking forever. But the story continues gradually, approaching a final conclusion. Is this still something to be concerned about or has it possibly already been "priced in" to the current state of the market? +Hi All, + +here is my current situation. +&nbsp; + +**Current Situation:** + +* Income after tax : 250K to 300K a year. +* Cost of living all in: 100K a year which included mortage. +* Current net worth: 750K +* Outstanding debt: 450K on a 800K house. +* Life: Married with 2 kids. +* Non-American so no access to 401K and such +* Self-employed in IT consulting in a niche market +* 36 years old. + +&nbsp; + +**Current Investments:** + +* 4 rental properties (worth around 540K) paid cash bringing in 50K a year after tax. +* Low-cost Index funds (SPY) and REITS +&nbsp; + +Going with things I have read here, I would theoretically make FF and when I do the math it looks possible if I: + +* Save 12-13K a month (doing that now.) +* Invest in S&P (not so easy to do). +&nbsp; + +Which would give me around 11M USD. Add another 1M to 2M Real Estate (Own home and RE investments) and some cash and I can hit 15M in 15 years. + +&nbsp; +How do people here commit to investing everything they have in funds to make FF? +&nbsp; +Going with the rental income I already have, my saving rate, the fact my house will be paid off next year and all the equity I can release from the paid off real-estate I can easily buy 5-10 more apartments and increase my cash flow going forward. +&nbsp; + +Easy math gives me the following target: + +* 15K a month in S&P +* 9% CARG S&P (7% after inflation) +* for 20 years + +&nbsp; + +How does one commit to putting 15K a month in a low-cost index fund and not look back for 15 years? I was trading in 2008/2009 already and I do not fear 40-50% drawdowns at all. It's just about committing to having all your eggs in 2 baskets (RE and ETF) that makes me feel a bit weird! + +&nbsp; + +So to all of you out there already in FF land - how did you commit to your plan? Mine is all set and ready to be executed, just trying to find the b* to do it! +Background: I own a successful eCommerce business that nets me approx $3.5M/yr. I consider myself semi-retired (I was working a job for a Big 4 company until I abruptly quit 2 months ago). I work maybe 10-20 hours a week now. I’ve been traveling and relaxing for the past couple of months. + +The problem: I’m always seeing new opportunities that I could be dipping my fingers into. Now, these aren’t pie in the sky type ideas. They are businesses in somewhat nascent industries with just one or two established competitors, and plenty of room for more players. The one or two existing competitors have already done the tough job of validating that there is a market. + +The problem is that pursuing these businesses may draw my attention away from my current business and cause a lot of stress/additional work for me. Also, the additional income or windfall from an exit wouldn’t change my lifestyle at all, just add onto a heap of existing money. + +For business owners that have sold or are coasting on their current business’ income, what do you do when you get the “itch” to do more? +I apologize if this is a bit unusual, but I am desperate. Trying to find a trusted inpatient program for adolescent OCD + depression/suicidal ideation. The idea of a residential program scares me, but no longer have a choice. Have already lost one child and can't lose another. Would prefer to be close to home (PNW). If anyone has any suggestions, please. +My wife and I make a combined \~$700K annually in salary + cash bonuses. We own our house with no mortgage in a HCOL area and we’re getting ready to upgrade. We’re debating whether we should hold our current house and rent it out or sell and invest the proceeds (I think we would walk away with \~$850K from the current house, we could probably rent it for \~$3,000 per month). If any rental income we make is taxed as ordinary income (at a 37% marginal tax rate) it’s hard for me to make the math work to hold it compared to selling, investing 100% passively and paying max 20% cap gains on any proceeds. The housing market here has been hot but cooling - values are not projected to increase \~5% in the next 12 months. My question is – am I thinking about this the right way? Are there other ways to structure owning a rental property such that I’m not paying 37% of my rent proceeds in tax off the top? I feel like I must be missing something, otherwise owning a rental property would be a terrible investment for high income individuals compared to putting the same money in the stock market. + +Edit 1: we live in the US and bought our house for $600K in 2014 so we have significant "appreciation" from our cost basis. It was a new construction so maintenance expenses are negligible. + +Edit 2: $3,000 per month is the rent estimate on Zillow - I haven't done much diligence to validate or invalidate. +Mid 20s, single, NW of $1.5M ($1M index funds, $100k real estate equity, $400k cash) + +Gross salary of $200k at top 3 consulting firm with defined promotion / pay path. Assuming 40% savings rate of net salary, and 6% annual investment growth, I’m looking at $5M by 38. + +Now, I’ve been offered a role at a Series E startup - $150k cash and $40k in options annually. + +Assuming the options become worth $0 and I increase my base salary on average 2% a year, I’m looking at $5M by 44. + +Worth stepping off the guaranteed path to $5M by 38, for some variety in my career path, and maybe some new doors in the future, or should I just shut up and stay put with my head down? + +Thanks all! +Reddit as a whole seems to think the Warren-McCain proposal to separate investment banking from consumer deposits is a great idea, so I'm interested in hearing some opposing perspectives, and thought this subreddit might be a good place to find them. +Stuff is crashing. You should be aware, there’s a big sell off going on in bonds today. + +Ten year yields are up a lot, which is bad apparently. + +Interest rates expected to go higher, which will amplify the quickness of inflation happening. +(Edit: yes I know the Fed’s say they’re not raising rates. The market however, is reacting as if they will.) + +Dollar velocity expected to increase as the economy reopens, which will further quicken the effect of inflation. + +Multiple bearish patterns in the SPY chart, big bullish cup and handle on SQQQ (I’m in with 267 shares) which is an inverse of Nasdaq 100. + +Last yield curve inversion happened on this day of last year. It signals a crash one year later and has a 100% prediction rate over the last five decades. + + +I only have sqqq; no stonks. Waiting to see SPY down at 350. + +Good luck out there bois. +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 kinda feel anxious whenever I spend a lot of money especially if it's a big purchase. I think it stems from having a history of making poor financial decisions. + +I've come a long way since then. I'm now spending money that I have the right to spend, but I still can't shake the feeling that I'm doing something wrong when I spend money on big purchases unless it’s a “Buy it For Life” or at least a “Buy it For Quality” purchase. + +Right now, I've been putting off getting a new phone for months because my old one has been rather laggy for three years. I have the money to buy, however there are moments when I feel like I should still wait a bit more. Same goes for buying a new laptop or pc parts on whether I should upgrade or wait a little longer. + +The problem is that, although I believe I have gone my entire life without ever using a flagship phone, laptop or pc or anything comparable, I also believe that I COULD use one at this point. + +Has anyone else experienced this? Do you have any advice on how to overcome it? +I was on the wrong tab, copied my LTC address and sent bitcoin to it.. yeah dumb move. + + +But I read up, and the network should reject the TX? Not so, its got 2 confs so far.... + + +[https://blockchain.info/tx/17fbcd2861f23178f35f7de3e1ced2d6cbe5da52177888b3d6709e4f6ae7381d](https://blockchain.info/tx/17fbcd2861f23178f35f7de3e1ced2d6cbe5da52177888b3d6709e4f6ae7381d) + + +They gone. + + + +UPDATE1: The LTC wallet is a hot wallet. So no keys in my possession.:( Emailed the company and lets see what they say. I mentioned this thread in the email so **wave** everyone! +Let's look back at some memorable moments and interesting insights from last year. + +**Your top 10 posts:** + +* "[Today is fat-fire day for me](https://www.reddit.com/r/fatFIRE/comments/ttab4w)" by [u/somerandumbguy](https://www.reddit.com/user/somerandumbguy) +* "[My (almost) FatFire Journey, 33F with no family money, no tech, no crypto, and no ultra high wage W2 and lots of family drama](https://www.reddit.com/r/fatFIRE/comments/sbs45o)" by [u/LawchickinVA](https://www.reddit.com/user/LawchickinVA) +* "[Obese travel tips?](https://www.reddit.com/r/fatFIRE/comments/ww2bp3)" by [u/FATthrowaway000](https://www.reddit.com/user/FATthrowaway000) +* "[Get a safer car and maybe exercise.](https://www.reddit.com/r/fatFIRE/comments/viq9jv)" by [u/FlyPenFly](https://www.reddit.com/user/FlyPenFly) +* "[.1% problem](https://www.reddit.com/r/fatFIRE/comments/tzm52h)" by [u/TravelCertain](https://www.reddit.com/user/TravelCertain) +* "[1 year follow up: Moved from VHCOL to MCOL (and FIREd)](https://www.reddit.com/r/fatFIRE/comments/rb60df)" by [u/readsmathforfun](https://www.reddit.com/user/readsmathforfun) +* "[The Dumb Man's Guide to Riches](https://www.reddit.com/r/fatFIRE/comments/r5amsb)" by [u/vintage-podiatrist](https://www.reddit.com/user/vintage-podiatrist) +* "[Mid-Career Reflections](https://www.reddit.com/r/fatFIRE/comments/wj7zrg)" by [u/PharmaMBA](https://www.reddit.com/user/PharmaMBA) +* "[I retired today, at 40. Here's my story of 6 years of hard work.](https://www.reddit.com/r/fatFIRE/comments/yv8628)" by [u/kindaretiredguy](https://www.reddit.com/user/kindaretiredguy) +* "[Life's 'secret' weapon. What's yours?](https://www.reddit.com/r/fatFIRE/comments/skhjlm)" by [u/rustywheelbarrow](https://www.reddit.com/user/rustywheelbarrow) +Back story: + +I was in a bad place, gambling all the time. Anyone who would accept me for a loan I would essentially take it, not thinking about the consequences. I know for a fact if they and other lenders had turned around and said no, I wouldn’t have had the money to gamble and would have sort help sooner. + +Prior to me taking this loan out I believe I was in around £40K of debt in the prior 6 months to me taking this loan out I had taken out 5 credit cards and also had 8 loans open at the time, 4 of which were payday loans from the likes of Uncle Buck, Safety Net, Satsuma Loan (Second loan with these) and Lending Stream. + +The loan itself: + +I took out a loan for £250 with Loans2Go in 2019, my repayments were £57.14 for 18 months so in total I would have paid £1028.52 but because I had so many pay day loans, loans, credit cards I was struggling to pay and I ended up in a DMP by April 2020, having only paid £100 to Loans2Go in December. I paid 2 x £5.78 under the DMP before paying £575.93 to settle the debt in June 2020. + +I sent an affordability complaint to Loans2Go, they at first sent me an outright rejection / final response. + +I then requested they look again and sent them my prior 3 months current account and credit card statements before taking out the loan which all were over there limits and I was at the maximum of my overdraft, I got a response which read as follows: + +“However, further to reviewing the additional information which you have provided, as a gesture of goodwill and in order to bring your complaint to a satisfactory closure it has been agreed to refund you all of the interest which you have paid on the borrowing” + +I had then responded to this asking again if they would remove any adverse markers (Arrangement to pay and Missed payments) and I received this email: + +“The offer made is a gesture of goodwill to assist you as best as we can based on the information you have provided and please be advised that, as a responsible lender Loans2Go have a duty to accurately report the history of an account to the credit reference agencies. I have not seen any evidence to suggest that the loan was irresponsibly lent and can see no reason why the report of the loans should be removed from your credit file.” + +My main concern is that I really want the derogatory marks removing from my credit file, but I’m not sure how much an Arrangement to Pay marker would have on my credit file. + +Also, I find it strange that a loan company would offer a “gesture of goodwill” If there was no evidence of them doing anything wrong. Or maybe that’s just me thinking I have a chance of winning this if I take it to the Financial Ombudsman and getting these markers removed. + +Has anyone every had anything like this? Should I just take the £438 being offered and leave it there or would I be silly and should pursue this further? + +As a little side note : I got help for my gambling and signed up to Gamstop. + +Thank you in advance. + + +Edit: All these loans and credit cards have been paid off / settled, I have no new debt and the only thing I'm now looking for is to move forward and buy a house. Addiction is a horrible thing, I fully understand and own up to my own actions! +Hi there, I was hoping to ask for some advice. + +I have a bit of spare money, and I wanted to set up a trust for my niece, NOT with my sister as trustee, because frankly, I don't believe my sister won't spend it otherwise. I want the trust to become available to my niece when she is 21, she is currently three. + +My sister, however, is on income support, and says that anything in my niece's name will affect her benefits. I can't find anything to support this, however. Is she correct? +New people are always going to panic and sell, and then FOMO back in later. That's a given + +The amount of panic suggested by these posts when the market goes down 5% is worse than the actual dip. Please can we refrain from making don't panic posts until Bitcoin goes under 20k +Hi everyone, I wrote a 10 page DD on the following stocks. Hope you enjoy it! + +&#x200B; + +**$ASRT** \- Assertio is a commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital, and pain and inflammation. Assertio has grown through business development including licensing, mergers and acquisitions. + +Drug pipeline: + +Currently, there is 8 FDA approved drugs: + +1. ZORVOLEX® (diclofenac) - This drug is indicated for the management of mild to moderate acute pain and the management of osteoarthritis pain. Diclofenac is a non-steroidal anti-inflammatory drug, also known as an NSAID. The lowest GoodRx price for the most common version of Zorvolex is around $850.64. +2. ZIPSOR® (diclofenac potassium) - diclofenac potassium is a non-steroidal anti-inflammatory drug, also known as an NSAID. It is used to treat pain, inflammation, and swelling. The lowest GoodRx price for the most common version of Zipsor is around $475.93. +3. VIVLODEX® (meloxicam) -Meloxicam is a non-steroidal anti-inflammatory drug (NSAID). It is used to reduce swelling and to treat pain, it is used for osteoarthritis. The lowest GoodRx price for the most common version of Vivlodex is around $1,046.05. +4. SPRIX® (ketorolac tromethamine) - Ketorolac is a non-steroidal anti-inflammatory drug (NSAID). It is used for a short while to treat moderate to severe pain, including pain after surgery. It should not be used for more than 5 days. The lowest GoodRx price for the most common version of generic Sprix is around $2,217.20 +5. OXAYDO® (oxycodone HCI, USP) - Oxycodone is a pain reliever. It is used to treat moderate to severe pain. This is a controlled substance as it's an opiod. The lowest GoodRx price for the most common version of Oxaydo is around $1,718.68. +6. INDOCIN® (indomethacin) - Indomethacin is a non-steroidal anti-inflammatory drug (NSAID). It is used to reduce swelling and to treat pain. It may be used for painful joint and muscular problems such as arthritis, tendinitis, bursitis, and gout. The lowest GoodRx price for the most common version of generic Indocin is around $15.34. +7. INDOCIN® Oral Suspension - Same as above +8. Cambia® (diclofenac potassium) - diclofenac potassium is a non-steroidal anti-inflammatory drug, also known as an NSAID. It treats pain, inflammation, and swelling. The lowest GoodRx price for the most common version of generic Cambia is around $55.64. + +According to their website, A next-generation Cambia is in development right now. + +Recent News: + +1. On Feb 5, ASRT has announced the opening of a DPO of $14 million dollars, for a Roth Capital Partners to purchase 22,600,000 shares of its stock at a purchase price of $0.62 per share. The DPO closed on Feb 9th. +2. On Feb 10th, the next day after the first DPO closed, a second DPO was announced of $34.3 million dollars for Roth Capital Partners to purchase 35,000,000 shares of its common stock at a price of $0.98 per share. It should be noted that this is a premium to market based on applicable Nasdaq “minimum price” rules. Meaning that a ticker must close above $1 for 10 consecutive days to be listed on Nasdaq. Currently, ASRT is on day 9 of 10 of meeting compliance. Day 10 is tomorrow. +3. ASRT will release fourth quarter and full-year 2020 financial results on Thursday, March 11, 2021, after the close of markets. + +Market watch rates this stock as overweight with a High of $3.50 a Median of $2.13 and a Low of $0.75. The ticker currently sits at $1.08. + +1. For those that do not know what overweight means, basically, if an analyst rates a stock as “overweight,” they think that the stock will perform well in the future, and believes it is worth buying—it could outperform the broader market and other stocks in its sector. + +**$CTXR** \- Citius is a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products, with a focus on anti-infectives and cancer care. + +Product pipeline: + +1. Mino-Lok® - Mino-Lok product is an antibiotic lock solution used to treat patients with catheter-related bloodstream infections (CRBSIs). CRBSIs are very serious, especially in cancer patients receiving therapy through central venous catheters (CVCs) and in hemodialysis patients where venous access presents a challenge.In a Phase 2b trial, the Mino-Lok product demonstrated a 100% efficacy rate in salvaging colonized CVCs. FDA Fast Track with QIDP designation and patent protection until June 2024. Formulation patent protection until November 2036. Currently, they are in a phase 3 trial. +2. Halo-Lido - Halobetasol-Lidocaine Formulation (CITI-002) + 1. Need : There are no FDA-approved prescription products on the market for hemorrhoids. + 2. Ask : CTXR is developing a proprietary topical formulation of halobetasol and lidocaine to provide anti-inflammatory and anesthetic relief to persons suffering from hemorrhoids. + 3. Yes, there are many over-the-counter (OTC) products commonly used to treat hemorrhoids, just ask anyone's grandma. However, CTXR claims that none of those medications participated in a rigorously-conducted clinical trial to amplify results. Maybe that's why my grandma is still in pain. This could become the first FDA-approved product to treat hemorrhoids in the United States. Could. +3. Mino-Wrap (CITI-101) - This product is designed to reduce infections associated with the use of breast tissue expanders used in breast reconstruction surgeries following mastectomies. For all you men in this sub, a Mastectomy is performed to remove one or both breasts, partially or completely due to breast cancer mainly. + 1. In January 2019, CTXR signed a definitive worldwide license agreement with The University of Texas MD Anderson Cancer Center to develop and commercialize this novel approach to reducing post-operative infections associated with surgical implants. Mino-Wrap is being reviewed by the FDA’s Center for Drug Evaluation and Research division. + +News: + +1. On Feb 17, CTXR announced a DPO of $76.5 Million to H.C. Wainwright & Co. 50,830,566 shares of its common stock and accompanying warrants to purchase up to an aggregate of 25,415,283 shares of its common stock, at a purchase price of $1.505 per share. The warrants have an exercise price of $1.70 per share, will be immediately exercisable and will expire five years from the issue date. +2. On Feb 16, CTXR issued a shareholder letter, some highlights include: + 1. Mino-Lok® pivotal trial interim analysis and review by the Data Monitoring Committee (DMC) expected in the second quarter + 2. Halo-Lido IND (second quarter) and Phase 2b protocol to be filed afterwards + 3. Mino-Wrap™ in pre-clinical development with plans to submit IND to the FDA by the end of the year + 4. NoveCite i-MSCs development is progressing with: ongoing data generation from our proof-of-concept sheep acute respiratory distress syndrome (ARDS) model demonstrating impressive interim results (studies to be completed in second quarter); FDA-required GLP animal toxicology studies have been implemented; and development of an i-MSC master cell bank (MCB) followed by cGMP manufacturing is underway. Private placement for gross proceeds of $20.0 million and investors' exercise of warrants generating $4.5 million in gross proceeds completed in January 2021 and February 2021, respectively. + +Market watch rates CTXR as a buy with a High, Median and Low price point at $8.00. The ticker currently sits at $1.56. + +**$OBSV** \- ObsEva is a biopharmaceutical company developing and commercializing novel therapies to improve women���s reproductive health and pregnancy. Through strategic in-licensing and disciplined drug development, ObsEva has established a late-stage clinical pipeline with development programs focused on treating endometriosis, uterine fibroids and preterm labor. + +Product pipeline: + +1. Linzagolix (Yselty®) - an orally administered GnRH receptor antagonist that potentially provides effective management of endometriosis-associated pain while mitigating bone mineral density loss and other adverse effects typically associated with currently approved treatments. +2. Ebopiprant - is a potential first-in-class, novel, orally-active prostaglandin F2α (PGF2α) receptor antagonist designed to control preterm labor by reducing inflammation and uterine contractions as well as preventing cervical changes and fetal membrane rupture without causing the potentially serious vasoconstriction in the fetus (e.g. premature closure of the ductus arteriosus and/or renal impairment) seen with non-specific prostaglandin synthesis inhibitors such as indomethacin. +3. Nolasiban - an oral oxytocin receptor antagonist with the potential to decrease contractions, improve uterine blood flow and enhance the receptivity of the endometrium to embryo implantation. This increases the chance of successful pregnancy and live-birth among patients undergoing embryo transfer following ART. + +**Key 2021 Objectives** + +1. Yselty® for uterine fibroids: NDA submission (Q2:21); MAA approval (Q4:21) +2. Yselty® for endometriosis: Phase 3 EDELWEISS 3 primary endpoint readout (Q4:21) +3. Ebopiprant for treatment of preterm labor: Phase 2b dose ranging study initiation in EU/Asia (Q4:21) + +Clinical Research pipeline: + +1. Primrose 1 & 2 - Are studies evaluating linzagolix in women with heavy menstrual bleeding due to uterine fibroids. Each study is treating women with either 100 mg, 200 mg of linzagolix once daily with or without add-back therapy or placebo for 24 to 52 weeks +2. Edelweiss 3 is a clinical research study evaluating linzagolix in women with endometriosis-associated pain. This study is treating women with either 75 mg of linzagolix, 200 mg of linzagolix with add-back therapy or placebo once daily for 24 weeks. +3. IMPLANT 4 is a clinical research study evaluating nolasiban in women undergoing IVF. Women receive a single administration of 900 mg of nolasiban or placebo prior to undergoing embryo transfer. +4. Prolong: Preterm labor - a clinical research study evaluating Ebopiprant (OBE022) in pregnant women with threatened spontaneous preterm labor. + +News: + +1. On Feb 11, OBSV announced an increase of its share capital from 69,629,347 to 81,220,471. The issue of 11,591,124 new registered shares at an issue price of 1/13 of a Swiss Franc each (remember this is a swiss company), after registration of 3,406,480 new shares issued out of the company’s conditional share capital. +2. Additionally, OBSV announced it will be participating in a fireside chat and one-on-one investor meetings at the SVB Leerink 10th Annual Global Healthcare Conference on Feb 24th. + +Outlook: + +Market Watch rates this stock as overweight with a High of $28.00 a Median of $8.00 and a Low of $4.00. Ticker closed at $5.05 + +**$AGTC** \- At the ripe price of $7.17 this is no longer considered a penny stock, therefore I will not update my DD. If you are interested in the DD from last week you can find it[ here](https://www.reddit.com/r/RobinHoodPennyStocks/comments/lkni2z/21521_dd_on_the_top_5_stocks_mentioned_in_this/), it's a great stock. + +**$ESGC** \- Eros STX is an entertainment and media company that creates, produces, distributes, finances and markets film, television and digital media. + +1. Eros Now- + 1. An Indian subscription online streaming platform, with a variety or tv shows and films. In January of this year, they announced a premium video-on-demand feature that releases films on the platform the same day as in theaters. Most notably is their most recent STX Films’ with the hotty Gerard Butler titled “Greenland.” You may have or have not seen it floating around Amazon Prime, it's a great film. Other STX Films titles that will be made available on PVOD on Eros Now over the next 18 months include “Horizon Line,” “Queenpins,” “Copshop,” “American Sole,” “The Marsh King’s Daughter,” “Run Rabbit Run,” “Devotion,” “Every Note Played,” and “Memory.” In addition to these films, ‘First Day, First Show’ will also include premium programming from multiple content partners in multiple languages. +2. STX films +3. From blockbusters like Hustlers, Bad Moms, and The Upside to hits like The Gentlemen, Molly’s Game, and The Gift, STXfilms produced star-driven films for a global audience. In just 5 short years, its slate of films has already grossed over $1.8b in global theatrical box office. + +3. Eros STX international- + +1. is a full- service international film distribution and financing company with direct distribution of both Hollywood and Bollywood content in India, the UK, Ireland and the Middle East. Headquartered in London, the company has formalized an unrivaled network of key output deals with the major market leaders in 25 territories with a reach covering over 150 countries around the world. Embracing the unique opportunities in the international marketplace, the company recently closed an innovative and dynamic distribution output partnership with Amazon in the UK, France and Italy. + +4. Eros Motion Pictures + +1. This division works mainly with their online streaming platform to develop blockbusters, like Bajirao Mastani, Bajrangi Bhaijaan, and Ram-Leela, which rank among the highest grossing Indian films of all time. + +5. STX Television- + +1. Shows include Valley of the Boom for National Geographic and Rise of Empires: Ottoman for Netflix, with George Lopez's Once Upon A Time in Aztlán in development, and a Kevin Kwan scripted series in development with a premium network. + +In the news for February: + +1. Daisy Ridley (Rey from Star Wars) to star in ‘The Marsh King’s Daughter" - STXinternational will produce and STX will distribute the film in the UK, Ireland and India. +2. Hulu on unveiled premiere dates for its spring slate of original documentaries, including a film on the “cautionary tale” of WeWork and its co-founder Adam Neumann. This will be produced by STX as well. +3. The crime thriller "Violence of Action" staring hotty Chris Pine has landed at STX films. This time the studio nabbed international rights to the movie and will also distribute it in the U.S. +4. STXtv has optioned the rights to adapt Hafsah Faizal’s We Hunt the Flame, bringing the fantastical lands of the YA bestseller to television. + +Market watch rates this stock as a buy with the High of $3.50 the Median of $3.00 and the Low of $2.50. + +**$CTRM** \- Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on short to medium term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes. On their website, they currently feature 6 fleets, the ones below have not been updated to reflect a higher count. + +In the news: + +1. In January CTRM announced a $15.3 Million Debt Financing. The loan is expected to be drawn down before the end of this month. The Company intends to use the net proceeds from the $15.3 Million Financing to support the Company’s growth plans. The $15.3 Million Financing will have a tenor of four years from the drawdown date and will bear interest at 3.30% plus LIBOR per annum. +2. On Feb 1 CTRM purchased a 2010 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.85 million. +3. On Feb 3 CTRM purchased a 2009 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.5 million. +4. On Feb 11 CTRM agreed to purchase two 2005 Korean-built Aframax LR2 tankers from an unaffiliated third-party seller for an aggregate purchase price of $27.2 million. +5. On Feb 18 CTRM agreed to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.8 million. + +I try hard to remain as unbiased as possible, so I'd like to quickly point out that the[ SEC filing shows the CEO's apartment](https://www.sec.gov/cgi-bin/browse-edgar?company=castor+maritime&owner=exclude&action=getcompany). Do what you wish with this information. + +Market watch does not have a rating for this stock but I did see Yahoo Finance says this stock is undervalued. + +Woah another thesis completed! Thank you to everyone that has read through this all, I appreciate your feedback always. +Hi everyone, I wrote a 10 page DD on the following stocks. Hope you enjoy it! + +&#x200B; + +**$ASRT** \- Assertio is a commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital, and pain and inflammation. Assertio has grown through business development including licensing, mergers and acquisitions. + +Drug pipeline: + +Currently, there is 8 FDA approved drugs: + +1. ZORVOLEX® (diclofenac) - This drug is indicated for the management of mild to moderate acute pain and the management of osteoarthritis pain. Diclofenac is a non-steroidal anti-inflammatory drug, also known as an NSAID. The lowest GoodRx price for the most common version of Zorvolex is around $850.64. +2. ZIPSOR® (diclofenac potassium) - diclofenac potassium is a non-steroidal anti-inflammatory drug, also known as an NSAID. It is used to treat pain, inflammation, and swelling. The lowest GoodRx price for the most common version of Zipsor is around $475.93. +3. VIVLODEX® (meloxicam) -Meloxicam is a non-steroidal anti-inflammatory drug (NSAID). It is used to reduce swelling and to treat pain, it is used for osteoarthritis. The lowest GoodRx price for the most common version of Vivlodex is around $1,046.05. +4. SPRIX® (ketorolac tromethamine) - Ketorolac is a non-steroidal anti-inflammatory drug (NSAID). It is used for a short while to treat moderate to severe pain, including pain after surgery. It should not be used for more than 5 days. The lowest GoodRx price for the most common version of generic Sprix is around $2,217.20 +5. OXAYDO® (oxycodone HCI, USP) - Oxycodone is a pain reliever. It is used to treat moderate to severe pain. This is a controlled substance as it's an opiod. The lowest GoodRx price for the most common version of Oxaydo is around $1,718.68. +6. INDOCIN® (indomethacin) - Indomethacin is a non-steroidal anti-inflammatory drug (NSAID). It is used to reduce swelling and to treat pain. It may be used for painful joint and muscular problems such as arthritis, tendinitis, bursitis, and gout. The lowest GoodRx price for the most common version of generic Indocin is around $15.34. +7. INDOCIN® Oral Suspension - Same as above +8. Cambia® (diclofenac potassium) - diclofenac potassium is a non-steroidal anti-inflammatory drug, also known as an NSAID. It treats pain, inflammation, and swelling. The lowest GoodRx price for the most common version of generic Cambia is around $55.64. + +According to their website, A next-generation Cambia is in development right now. + +Recent News: + +1. On Feb 5, ASRT has announced the opening of a DPO of $14 million dollars, for a Roth Capital Partners to purchase 22,600,000 shares of its stock at a purchase price of $0.62 per share. The DPO closed on Feb 9th. +2. On Feb 10th, the next day after the first DPO closed, a second DPO was announced of $34.3 million dollars for Roth Capital Partners to purchase 35,000,000 shares of its common stock at a price of $0.98 per share. It should be noted that this is a premium to market based on applicable Nasdaq “minimum price” rules. Meaning that a ticker must close above $1 for 10 consecutive days to be listed on Nasdaq. Currently, ASRT is on day 9 of 10 of meeting compliance. Day 10 is tomorrow. +3. ASRT will release fourth quarter and full-year 2020 financial results on Thursday, March 11, 2021, after the close of markets. + +Market watch rates this stock as overweight with a High of $3.50 a Median of $2.13 and a Low of $0.75. The ticker currently sits at $1.08. + +1. For those that do not know what overweight means, basically, if an analyst rates a stock as “overweight,” they think that the stock will perform well in the future, and believes it is worth buying—it could outperform the broader market and other stocks in its sector. + +**$CTXR** \- Citius is a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products, with a focus on anti-infectives and cancer care. + +Product pipeline: + +1. Mino-Lok® - Mino-Lok product is an antibiotic lock solution used to treat patients with catheter-related bloodstream infections (CRBSIs). CRBSIs are very serious, especially in cancer patients receiving therapy through central venous catheters (CVCs) and in hemodialysis patients where venous access presents a challenge.In a Phase 2b trial, the Mino-Lok product demonstrated a 100% efficacy rate in salvaging colonized CVCs. FDA Fast Track with QIDP designation and patent protection until June 2024. Formulation patent protection until November 2036. Currently, they are in a phase 3 trial. +2. Halo-Lido - Halobetasol-Lidocaine Formulation (CITI-002) + 1. Need : There are no FDA-approved prescription products on the market for hemorrhoids. + 2. Ask : CTXR is developing a proprietary topical formulation of halobetasol and lidocaine to provide anti-inflammatory and anesthetic relief to persons suffering from hemorrhoids. + 3. Yes, there are many over-the-counter (OTC) products commonly used to treat hemorrhoids, just ask anyone's grandma. However, CTXR claims that none of those medications participated in a rigorously-conducted clinical trial to amplify results. Maybe that's why my grandma is still in pain. This could become the first FDA-approved product to treat hemorrhoids in the United States. Could. +3. Mino-Wrap (CITI-101) - This product is designed to reduce infections associated with the use of breast tissue expanders used in breast reconstruction surgeries following mastectomies. For all you men in this sub, a Mastectomy is performed to remove one or both breasts, partially or completely due to breast cancer mainly. + 1. In January 2019, CTXR signed a definitive worldwide license agreement with The University of Texas MD Anderson Cancer Center to develop and commercialize this novel approach to reducing post-operative infections associated with surgical implants. Mino-Wrap is being reviewed by the FDA’s Center for Drug Evaluation and Research division. + +News: + +1. On Feb 17, CTXR announced a DPO of $76.5 Million to H.C. Wainwright & Co. 50,830,566 shares of its common stock and accompanying warrants to purchase up to an aggregate of 25,415,283 shares of its common stock, at a purchase price of $1.505 per share. The warrants have an exercise price of $1.70 per share, will be immediately exercisable and will expire five years from the issue date. +2. On Feb 16, CTXR issued a shareholder letter, some highlights include: + 1. Mino-Lok® pivotal trial interim analysis and review by the Data Monitoring Committee (DMC) expected in the second quarter + 2. Halo-Lido IND (second quarter) and Phase 2b protocol to be filed afterwards + 3. Mino-Wrap™ in pre-clinical development with plans to submit IND to the FDA by the end of the year + 4. NoveCite i-MSCs development is progressing with: ongoing data generation from our proof-of-concept sheep acute respiratory distress syndrome (ARDS) model demonstrating impressive interim results (studies to be completed in second quarter); FDA-required GLP animal toxicology studies have been implemented; and development of an i-MSC master cell bank (MCB) followed by cGMP manufacturing is underway. Private placement for gross proceeds of $20.0 million and investors' exercise of warrants generating $4.5 million in gross proceeds completed in January 2021 and February 2021, respectively. + +Market watch rates CTXR as a buy with a High, Median and Low price point at $8.00. The ticker currently sits at $1.56. + +**$OBSV** \- ObsEva is a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health and pregnancy. Through strategic in-licensing and disciplined drug development, ObsEva has established a late-stage clinical pipeline with development programs focused on treating endometriosis, uterine fibroids and preterm labor. + +Product pipeline: + +1. Linzagolix (Yselty®) - an orally administered GnRH receptor antagonist that potentially provides effective management of endometriosis-associated pain while mitigating bone mineral density loss and other adverse effects typically associated with currently approved treatments. +2. Ebopiprant - is a potential first-in-class, novel, orally-active prostaglandin F2α (PGF2α) receptor antagonist designed to control preterm labor by reducing inflammation and uterine contractions as well as preventing cervical changes and fetal membrane rupture without causing the potentially serious vasoconstriction in the fetus (e.g. premature closure of the ductus arteriosus and/or renal impairment) seen with non-specific prostaglandin synthesis inhibitors such as indomethacin. +3. Nolasiban - an oral oxytocin receptor antagonist with the potential to decrease contractions, improve uterine blood flow and enhance the receptivity of the endometrium to embryo implantation. This increases the chance of successful pregnancy and live-birth among patients undergoing embryo transfer following ART. + +**Key 2021 Objectives** + +1. Yselty® for uterine fibroids: NDA submission (Q2:21); MAA approval (Q4:21) +2. Yselty® for endometriosis: Phase 3 EDELWEISS 3 primary endpoint readout (Q4:21) +3. Ebopiprant for treatment of preterm labor: Phase 2b dose ranging study initiation in EU/Asia (Q4:21) + +Clinical Research pipeline: + +1. Primrose 1 & 2 - Are studies evaluating linzagolix in women with heavy menstrual bleeding due to uterine fibroids. Each study is treating women with either 100 mg, 200 mg of linzagolix once daily with or without add-back therapy or placebo for 24 to 52 weeks +2. Edelweiss 3 is a clinical research study evaluating linzagolix in women with endometriosis-associated pain. This study is treating women with either 75 mg of linzagolix, 200 mg of linzagolix with add-back therapy or placebo once daily for 24 weeks. +3. IMPLANT 4 is a clinical research study evaluating nolasiban in women undergoing IVF. Women receive a single administration of 900 mg of nolasiban or placebo prior to undergoing embryo transfer. +4. Prolong: Preterm labor - a clinical research study evaluating Ebopiprant (OBE022) in pregnant women with threatened spontaneous preterm labor. + +News: + +1. On Feb 11, OBSV announced an increase of its share capital from 69,629,347 to 81,220,471. The issue of 11,591,124 new registered shares at an issue price of 1/13 of a Swiss Franc each (remember this is a swiss company), after registration of 3,406,480 new shares issued out of the company’s conditional share capital. +2. Additionally, OBSV announced it will be participating in a fireside chat and one-on-one investor meetings at the SVB Leerink 10th Annual Global Healthcare Conference on Feb 24th. + +Outlook: + +Market Watch rates this stock as overweight with a High of $28.00 a Median of $8.00 and a Low of $4.00. Ticker closed at $5.05 + +**$AGTC** \- At the ripe price of $7.17 this is no longer considered a penny stock, therefore I will not update my DD. If you are interested in the DD from last week you can find it[ here](https://www.reddit.com/r/RobinHoodPennyStocks/comments/lkni2z/21521_dd_on_the_top_5_stocks_mentioned_in_this/), it's a great stock. + +**$ESGC** \- Eros STX is an entertainment and media company that creates, produces, distributes, finances and markets film, television and digital media. + +1. Eros Now- + 1. An Indian subscription online streaming platform, with a variety or tv shows and films. In January of this year, they announced a premium video-on-demand feature that releases films on the platform the same day as in theaters. Most notably is their most recent STX Films’ with the hotty Gerard Butler titled “Greenland.” You may have or have not seen it floating around Amazon Prime, it's a great film. Other STX Films titles that will be made available on PVOD on Eros Now over the next 18 months include “Horizon Line,” “Queenpins,” “Copshop,” “American Sole,” “The Marsh King’s Daughter,” “Run Rabbit Run,” “Devotion,” “Every Note Played,” and “Memory.” In addition to these films, ‘First Day, First Show’ will also include premium programming from multiple content partners in multiple languages. +2. STX films +3. From blockbusters like Hustlers, Bad Moms, and The Upside to hits like The Gentlemen, Molly’s Game, and The Gift, STXfilms produced star-driven films for a global audience. In just 5 short years, its slate of films has already grossed over $1.8b in global theatrical box office. + +3. Eros STX international- + +1. is a full- service international film distribution and financing company with direct distribution of both Hollywood and Bollywood content in India, the UK, Ireland and the Middle East. Headquartered in London, the company has formalized an unrivaled network of key output deals with the major market leaders in 25 territories with a reach covering over 150 countries around the world. Embracing the unique opportunities in the international marketplace, the company recently closed an innovative and dynamic distribution output partnership with Amazon in the UK, France and Italy. + +4. Eros Motion Pictures + +1. This division works mainly with their online streaming platform to develop blockbusters, like Bajirao Mastani, Bajrangi Bhaijaan, and Ram-Leela, which rank among the highest grossing Indian films of all time. + +5. STX Television- + +1. Shows include Valley of the Boom for National Geographic and Rise of Empires: Ottoman for Netflix, with George Lopez's Once Upon A Time in Aztlán in development, and a Kevin Kwan scripted series in development with a premium network. + +In the news for February: + +1. Daisy Ridley (Rey from Star Wars) to star in ‘The Marsh King’s Daughter" - STXinternational will produce and STX will distribute the film in the UK, Ireland and India. +2. Hulu on unveiled premiere dates for its spring slate of original documentaries, including a film on the “cautionary tale” of WeWork and its co-founder Adam Neumann. This will be produced by STX as well. +3. The crime thriller "Violence of Action" staring hotty Chris Pine has landed at STX films. This time the studio nabbed international rights to the movie and will also distribute it in the U.S. +4. STXtv has optioned the rights to adapt Hafsah Faizal’s We Hunt the Flame, bringing the fantastical lands of the YA bestseller to television. + +Market watch rates this stock as a buy with the High of $3.50 the Median of $3.00 and the Low of $2.50. + +**$CTRM** \- Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on short to medium term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes. On their website, they currently feature 6 fleets, the ones below have not been updated to reflect a higher count. + +In the news: + +1. In January CTRM announced a $15.3 Million Debt Financing. The loan is expected to be drawn down before the end of this month. The Company intends to use the net proceeds from the $15.3 Million Financing to support the Company’s growth plans. The $15.3 Million Financing will have a tenor of four years from the drawdown date and will bear interest at 3.30% plus LIBOR per annum. +2. On Feb 1 CTRM purchased a 2010 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $15.85 million. +3. On Feb 3 CTRM purchased a 2009 Japan-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.5 million. +4. On Feb 11 CTRM agreed to purchase two 2005 Korean-built Aframax LR2 tankers from an unaffiliated third-party seller for an aggregate purchase price of $27.2 million. +5. On Feb 18 CTRM agreed to purchase a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $14.8 million. + +I try hard to remain as unbiased as possible, so I'd like to quickly point out that the[ SEC filing shows the CEO's apartment](https://www.sec.gov/cgi-bin/browse-edgar?company=castor+maritime&owner=exclude&action=getcompany). Do what you wish with this information. + +Market watch does not have a rating for this stock but I did see Yahoo Finance says this stock is undervalued. + +Woah another thesis completed! Thank you to everyone that has read through this all, I appreciate your feedback always. +Many are aware of Tilray, Sundial, Aurora and Canopy, but does anyone know the level of quality these companies produce? + +Aurora is the worst, growing terrible weed that nobody likes, which is why their revenue has been declining for some time. + +Canopy puts high price tags on mediocre to poor weed, but they recently bought a strong brand in Supreme. But overall, they still have too much dead weight to perform well. + +Most Sundial brands are not impressive but fairly cheap, making them better than the first two, but not very good. Their most expensive brand, Top Leaf, is not high quality enough to command the prices they are asking, and is often discounted as a result. + +Tilray (especially since they merged with Aphria) has many brands, and some are cheap and good enough to attract consumers. But they have no brands that could be called impressive. + +Citizen Stash ([CSC.VN](https://CSC.VN)) (EXPFF in the US) sells some of the best weed in the world, and have become very popular. As a result, their last three quarters have shown QoQ revenue growth of 25% (=/- 1%) and are only 90k short of being profitable (will likely cross when they report later this month). They have limited debt with a grand total of 11k in interest payments last quarter. Great company selling great weed, and has a strong future as a result. + +Decibel Cannabis ([DB.VN](https://DB.VN)) (DBCCF in the US) came out with the highest THC percentages in the industry last year, and sold all their product at top dollar as a result. They are also number one in concentrates (shatter and wax) as they have a great brand and offer at great prices. They also significantly expanded their grow capacity early this year, and are currently adding product to the market (they have been in short supply for some time, limiting their sales). Their revenue over the last three quarters has increased 29%, 51% and 11% QoQ respectively. + +CSC.VN and [DB.VN](https://DB.VN) are growing rapidly in a rapidly growing industry due to their competitive advantages- they simply grow better weed. The main factor holding them back is not being well capitalized, so you can buy a Sundial who has cash to burn for years, or you can buy companies that are on the verge of profitability (DB operates at a profit by some measures, even after subtracting the excise tax). DB also seems to have a significant short interest with a borrow rate often at 15%, so there is squeeze potential. But these are fundamental plays on the companies that have established themselves as winners in the pot industry. + +Edited to include US tickers +You can check out the video here: + +[https://twitter.com/kiarafrobles/status/827001686845644802](https://twitter.com/kiarafrobles/status/827001686845644802) + +I'm planning on making a video describing all the happening since the event over the next few days. But the short of it is that my end goal is a free society. I'm a voluntarist, a bitcoin advocate, and a real life Trump supporter. + +**UPDATE:** Thank you r/Bitcoin for briefly tolerating politics. *Byyye*. +Our flair system has been badly damaged. It has now been 1 month since the original post by the mod team [announcing the flair overhaul](https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/?utm_source=share&utm_medium=web2x&context=3). If you would like a recap of what’s happened please read my [last thread here](https://www.reddit.com/r/Superstonk/comments/qrpdyj/our_flair_system_has_been_badly_damaged_please/). + +**Please take some time to read this as some critical changes have been made, and I need your help to get these problems fixed. New flairs as of a month ago still do not link to content from the old flairs. We’ve made some progress but the bulk of the issue has still not been taken care of, we are stuck in limbo.** + +There was an announcement by the mods admitting fault for the issues with the flair, and mention of how it can be fixed, but we still have made no notable progress. Their announcement was made a week ago, [it can be found here](https://www.reddit.com/r/Superstonk/comments/qtnf53/post_flair_update/). + +They said they intend to create a script that will go back through posts and switch old flairs to new flairs. u/platinumsparkles gave me a screenshot from an admin that says “each flair is unique. If you delete a flair, recreating one with the same parameters isn’t the same flair and as such won’t be searchable.” Which is correct. They did bring back the DD and possible dd flair after my last thread, many posts made after the flair overhaul had their flair changed to the old DD flair, from the new due diligence flair. This suggests these flairs weren’t deleted, rather made mod only. They have since been hidden again, or deleted. We can only say that for those 2 flairs, as those are the only 2 that were shown again. The rest may be deleted. For what flairs are deleted, yes, reverting Isn’t possible. Which leaves us with the option of changing important posts with old flairs, to new flairs. **I’m going to assume all have been completely deleted to avoid an unnecessary variable for the rest of my thread.** + +In order to effectively tackle this issue, I’m laying my suggestion of how this should be handled. Please feel free to bring in your own suggestions as well, I’m prioritizing flairs in terms of what flairs hold the most beneficial content to the community. + +**Priority 1** + +1. DD +2. AMA + +All posts under these two flairs can be fixed, they can have their flairs changed from old to new and be done with today. Manually, no script is needed. The volume in AMA is minimal, as well as DD. DD has more but still can be done in a reasonable amount of time. + +**Priority 2** + +1. Possible DD +2. Education & Data +3. Discussion + +These flairs have important content but have larger volume, this will take time to change post flairs from old to new, but can still be done manually. With the help of some volunteers, if the mods decided to permit that, this could be done in a reasonable amount of time. + +**Priority 3** + +1. Questions +2. Moderator +3. Daily News +4. MEGA Thread +5. Daily Discussions +6. News & Media + +These flairs do have some valuable content, but lower on the totem pole. Would be preferable to have a script here specifically for questions as that would have the most posts, the others could be manually switched but again low priority as the first two tiers have the bulk of the good content. + +**Non priority** + +1. Social Media +2. HODL +3. Meme +4. Fluff +5. Shitpost +6. Art & Writing +7. Stonky Pets + +These are the lowest value / non priority. There is a mass amount of content here that offers very little valuable content. I would only suggest bothering with these if there was a script to do it. + +While I've attempted to focus on fixing a primary part of the issue, here's an excerpt from my last thread highlighting the issues we had and still have. AMA is now linked but the new ama does not link to any of the old ama's associated with the old flair. Neither AMA flairs old or new are included on the mobile menu. + +**So what are we left with? We now have 4 separate sets of links to flairs on desktop, 3 on mobile. Some link to the old content, some link to the new, some link to both, half don’t work on either. New flairs that will be used will not link to old content. Still missing some flairs, such as AMA no longer being linked at all, so people no longer have that reference back to the crucial AMA’s we’ve had.** + +This is not a hard problem to fix, it simply needs to be done. [I’ve offered to volunteer my time as a temp mod for this to be fixed](https://www.reddit.com/r/Superstonk/comments/qsf355/comment/hke966z/?utm_source=share&utm_medium=web2x&context=3). Here is [the response I received by](https://www.reddit.com/r/Superstonk/comments/qsf355/comment/hkema8y/?utm_source=share&utm_medium=web2x&context=3) u/platinumsparkles. It seems I’m not trusted, that’s ok. Any of you reading this, if you’ve got experience with flairs and would like to help maybe you can attempt to volunteer. It seems that they need the help to get this done, and I’m certain there’s plenty of people here that would be happy to help solve this problem. + +This thread is a continuation of previous threads where I’ve attempted to bring attention to these issues and get this fixed. + +[https://www.reddit.com/r/Superstonk/comments/qrpdyj/our\_flair\_system\_has\_been\_badly\_damaged\_please/](https://www.reddit.com/r/Superstonk/comments/qrpdyj/our_flair_system_has_been_badly_damaged_please/) + +[https://www.reddit.com/r/Superstonk/comments/qo4vuf/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qo4vuf/the_discussion_flair_has_been_removed_and_this_is/) + +[https://www.reddit.com/r/Superstonk/comments/qmjzmg/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qmjzmg/the_discussion_flair_has_been_removed_and_this_is/) + +[https://www.reddit.com/r/Superstonk/comments/qlzukz/the\_discussion\_flair\_has\_been\_removed\_and\_this\_is/](https://www.reddit.com/r/Superstonk/comments/qlzukz/the_discussion_flair_has_been_removed_and_this_is/) + +**This is a problem that needs to get fixed and while it has been addressed in an announcement it has not been corrected. Please help me get the word out about this and get these issues resolved.** + +adding in here an additional update provided by u/jsmar18 5 days ago [https://www.reddit.com/r/Superstonk/comments/qv6unp/post\_flair\_update\_2/](https://www.reddit.com/r/Superstonk/comments/qv6unp/post_flair_update_2/) +Investors love index funds, yet they have no idea how over-concentrated the major equity indices are in a handful of stocks. When major equity indices are overweight a small number of stocks, it usually signals the end of a Bull market. Today, the major equity indices are more concentrated in a small number of stocks than they have at prior Bull market peaks. + +Take the largest S&P 500 ETF, symbol SPY, an investible index that matches the S&P 500. The top ten holdings of SPY make up more than 27% of the ETF, while the top six holdings, which comprises of five companies, is nearly 22% of the index. It is even worse for the tech-heavy Nasdaq-100. + +Take the largest Nasdaq-100 ETF, symbol QQQ, an investible index that matches the Nasdaq-100. The top ten holdings of QQQ make up more than 54% of the ETF, while the top six holdings, which comprise of five companies, is more than 46% of the index. + +To make matters worse, the top six holdings, which comprises of five companies, in both indices, are the same companies: Microsoft, Apple, Amazon, Facebook, and Alphabet (or Google). The combined market cap of Microsoft, Apple, and Amazon is equal to twenty percent of the U.S. GDP. + +Ninety percent of all stocks are owned by fifty percent of all households, meaning the wealth of half of U.S. households is concentrated in five companies. Fifty percent of all stocks are owned by ten percent of all households, meaning the wealth of the wealthiest U.S. households is concentrated in five companies. The future of our country is tied to five companies. Five companies. + +While investors are starry-eyed and see a major Fed-supported Bull market in their futures, no Bull market in history has occurred with a high concentration in the major equity indices to such a small number of companies. When the inevitable Bear market strikes and investors finally decide to sell their index funds, everyone will be selling the same five stocks. + +July 3, 2020 by Steven Van Metre +I’ll try to keep this as brief as possible but could really use some advice/reassurance about our mortgage and can’t seem to find the answers I need online. + +In summary, me and my partner bought our house in October 2019 as part of the help to buy scheme. In total we got a 30 year mortgage of nearly the total amount we could afford to borrow. At the time, I was earning £28K plus around £800 per month in commission, my boyfriend was earning £24.5K. We took out a 2 year fixed mortgage. + +As a result of the pandemic, we both had to find other work. My boyfriend now earns £27K and I earn £25K with no commission. + +To add another lovely spanner to the works, I am also pregnant, due in September and will be on maternity leave (maternity allowance of £151 per week, no company pay) at the time our 2 year fixed mortgage comes to an end. + +My question is really how will this affect us? Is it possible they’ll ask us to sell the house if they decide we can’t afford the mortgage? Will they have to take my maternity into consideration or would they just look at the salary of my new job? + +Would really appreciate the advice! + +TLDR: Bought a house in Oct19 but due to pandemic our combined income has reduced. I am also due to go on maternity leave in September. How will this affect us when our 2yr fixed mortgage ends later this year? +Hi there + +I've been investing a few years now and I am curious to know why etfs or index funds are taxed so high here in Ireland at 41%? + +Is it because these low cost index funds such as ishares or vanguard would do damage to the to the financial industry companies based here in Ireland or what is the reason behind it? + +Also while I invest in Vanguard S&P 500 (VUSA) and Ishares (CSPX) on the degiro platform, I would love to invest through a vanguard platform itself. I know that they do not have a platform here in Ireland because it is such a small market but is there an EU version that maybe I would be able invest in? + +Would appreciate any feedback. Thanks +I think it might be CNBC’s blatant shilling and lies, I’m not entirely sure, but literally within just this past week everyone in my life is finally starting to get it. It’s been MONTHS of feeling like a complete lunatic but it feels as though the tide has truly started to turn. + +The news media was unprepared. Like they were truly banking on massive dips in GME share price to go along with their bullshit meme stock mania narrative. BUT THEY DIDNT FUCKING GET IT. + +Hopefully this will continue and everyone will soon see the financial establishment for the frauds and criminals that they are. Wall Street crashes the economy and it’s “oops bubbles are inevitable”. We buy a fucking video game stock and we’re the reckless greedy assholes in the equation? Gtfo + +RIP Dumbass +[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/) +For anyone not working at the moment and able to volunteer with the NHS. +The government is seeking 250,000 volunteers + +More info [here](https://www.goodsamapp.org/NHS) +Hello lovely people, + +I have a question and I can’t seem to find an answer anywhere. I currently live in the UK and my 11 year old brother lives in another European country. I’ve been thinking about putting £30-£40 a month in an account for the purpose of gifting it to him once he turns 18. Has anybody done the same and has any advice? What kind of savings account would be the best? + +Thank you in advance! +What with all this economic doom and gloom, there's nothing like a good bit of micro stimulus! + +Where do you go - domestically and internationally?Are your flights an arm or a leg? + +Do you cruise until you can't cruise no more, laughing at all the other retirees? Do you spend a month on an island you bought from your /r/wallstreetbets winnings? + +Do you hire a Combi Van and drive up and down the East Coast? Do you prefer to camp out in backpacker hostels so you can spend the difference on tickets to the Opera? Or is your idea of a good time hitch-hiking to Byron and sleeping on the beach pretending to be homeless for a week. \*(If you can't tell, I'm a DINK household - but we're also children at heart so happy to hear about family friendly hols. We'll just visit when it's not school holidays.)\* + +My SO and I are burned out, we have this Annual leave ready to burn. Hit me with your best shot. +Has anyone here been audited? Or has worked for the ATO? Or is an accountant that’s seen it all? + +I’m a business student and honestly just curious about the process. It’d seem like a waste of resources to audit randomly and so there must be signals that make the system point towards a certain person/bank account, and I’d love to know what those signals are (yes so I can avoid them) +I am about to make a noncontingent offer on a 1.5 million duplex in the Bay Area. The disclosure states there were Subterranean termites at subarea wood members and Drywood Termites at the roof eaves and subarea wood members. The total estimated cost for repairs is $23,532. How bad is this and how much it can cost me if everything goes south? + +&#x200B; + +Many Thanks, +Long story as to the reason I want to know but I know it was sold a few years back but I want to know who's the puppet master. I tried google but I keep getting old information. Does anyone know? +Do you ask for current lease info/rent history prior to making a deal, or is that something you usually request after a deal has been made? + +I figured it may be smarter to ask for the documentation upfront before even seeing the property, as if things are out of line, no need to even waste my time (and the realtor's) for a showing...but apparently the realtor won't talk to me until I see the property (which is a little unprofessional imo) + +What does your chain of events look like? +Evening all, + +I have been contemplating investing in real estate. I live in nj & own a place in morristown. Id like to invest in a condo/apartment in a high demand area (manhattan, jc, hobo) and air bnb the property to gain equity and provide income as well as to have a place to use (when not in use by tentants). + +Im sure many of you have done something similar- what are the pitfalls/pro’s & cons? + +Thanks, +I want to know how much money people were making when they started investing in real estate and how far they have made it since. My father doesn’t believe that real estate investing can be successful unless you are making a large salary to begin with, 100K+ atleast. I think differently, and that if I am able to land a solid job out of college at anywhere from 40-60K, I will be able to start a real estate empire quite easily. I’m a financial economics major in my senior year, and have just purchased my first property which I am currently living in by campus. + +Of course I would love to have a salary of 100K, I believe that with good planning and frugal living (which I honestly enjoy doing, it’s like a passion lmao), I will be able to create an empire anyways. From my understanding, as long as I am able to manage properties well and have leases in place, the amount of properties I can acquire are potentially limitless. +Do you have a separate LLC and bank account for each building? If that is the case, do you carry multiple cards with you (one for each building)? Just thinking the mess it would be to track expenses once an investor has over 10 buildings.. +Pretty much the best ratios im finding have a store front on the first floor. Is it harder to get rent from a buisness? Is it hard to get rented? +Im seeing duplex's with a 7/11 size store under +What has your expirance been like? +I have a house which I got several years ago and rent to two sets of tenants. One of them isn't paying rent for 6 months and it isn't going to be an easy eviction (they got the fire inspector involved and if I try to evict they will claim it is retaliation.) Furthermore they ignored my very generous 'cash for keys' offer which was over 4 months worth of rent. + +I was planning on keeping the house long term and for the rental income to be part of what supports me during retirement. But now I am facing $10k in repairs and another $3-6k for the eviction, wiping out nearly two years of rental profit. I managed to find an investor who made a fairly decent offer to buy the house even with the problem tenants. The offer is about 15% below market value, but I won't have to pay closing costs or agent commissions. + +What should I do in this situation? +Haven't seen this specifically mentioned, so if it's a repost feel free to remove. I saw this over on /r/investing and thought this would be a significant hit for us on this sub. + +For those that don't know what this means: it would force us to sell our shares in the order they were purchased. This would make tax planning much more difficult and could force us to incur capital gains taxes since our oldest shares are most likely to have appreciated most. Specific ID (what is often recommended) allows us to pick exactly which purchases to sell, giving us greater flexibility in avoiding capital gains taxes. The only method allowed would be FIFO. + +Time will tell if this remains in the finalized version of the bill, but it would suck if this got through. +I have been told time and again that VIX cannot halt, since it's an indicator. However I've seen it happen 6 times in the last three months, and it happened twice in a row [today](https://finance.yahoo.com/chart/%5EVIX#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-) and yesterday. How is this possible? +https://www.theguardian.com/business/2017/jan/24/bt-loses-7bn-in-value-as-italian-accounting-scandal-deepens + +Shares are currently down ~20%. This was one company I thought was unfairly discounted after the Brexit was announced after doing research. Of course, basic financial research doesn't matter if the company is lying in their accounting.... +"We’re excited to announce our biggest update to date: Robinhood Instant. We've removed the 3 day waiting period, allowing you to: + +- Reinvest cash immediately after selling stock. +- Buy up to $1000 of stock immediately after depositing from your bank. +" +[https://en.wikipedia.org/wiki/Yugoslavia](https://en.wikipedia.org/wiki/Yugoslavia) + +Rampant unemployment was a serious issue in Yugoslavia, what caused it? +We hear a lot these days about tax cuts and the GOP... They often cite reasons that it will relieve a burden for the middle class, and will spur growth. Are tax cuts only a "good idea" when we have had enjoyed enough growth to eliminate the budget deficit? + +I'm a new Econ teacher, and I'm wary of the wide political opinions of my students. I don't want to just state that I am against these tax cuts because it's a partisan issue. When are they good, and when are they bad? +I don't care about left or right political inclination. + +If market should not be highly regulated and people/companies should be considered as rational agents. And, the competition between these agents always results better outcome for economy. + +Then, why did the government bailed the banks during financial crisis. As, those banks were private(independent rational agents), who lost the competition. + +(Yes, financial crisis didn't made anyone winners. But, there were losers on all sides.) + +Why did the government suddenly interfered with the market(especially private banks) by bailing them out. That market which believed bailouts(protection) would be bad for any kind of competition. + +Why not just let those agents lose and shut down, to allow new agents to compete with better innovative ideas as Milton Friedman said. +My daughter got accepted at Madison and a direct admit to Upper Div Economics in Purdue Honors College. Ranking wise, Madison seems to be higher, while the extras (upper div, Honors) at Purdue seem attractive. She wants to be a public policy expert, and possibly law school after some years in public policy. +Which one would suit her interests? (BTW we are from NY so the weather doesn't matter) + + +Hoping someone can make sense of this as I've been puzzled about this for several days. + +Going of the classic GDP formula, GDP = consumer spend + gov't spend + business investments + exports - imports. What puzzles me is the net import (or net export) piece of it. + +For example. If I have Country A and Country B. Each country has 10 bills of their respective currency. Country A purchases something from Country B and exports nothing. Let's say this item cost 1 bill of Country B's currency. Let's also say that Country A and Country B (for now) have a 1 to 1 relationship with their currencies. So Country B now has 10 bills floating in circulation, but it also has this Country A bill. Country A has its remaining 9 bills. + +The only way Country B can derive any value from this bill is to purchase something from Country A - right? At least in this simplistic example. + +Country A could print another bill to get back to 10 bills, and tighten its money supply if/when Country B decides to buy something and puts that extra bill back into circulation. + +From this perspective, it's hard to see why net imports are bad, or frankly why they would be good either. Can someone elaborate? +I assume people would not be able to buy anything they could not afford, people would stop being able to earn money without being productive simply by investing, there would no longer be boom and bust cycles in the economy, no one would be in debt, banks would make less money and have less power. Does all of that check out? +If I could wave a magic want and give everyone more of something, what should it be? If I gave everyone money, I think it would just cause inflation. But are there goods that would pretty much just be a net positive for almost everyone? +Saez, Piketty, Zuckman, Stiglitz all ramble on about it endlessly (Deaton, Autor, etc. also seem to brush up against it). However, no one seems to be able to show it is a problem at all. Outside of non-evidence based praxes that "it cause Trump" nothing bad has happened because of rising inequality. All of the solutions seem to have huge downsides. + +Does anyone have any evidence that inequality is a problem? And if not, can we stop talking about it please. +Of course, advertising is a way for companies to make more money, but does it serve a broader function for society beyond that? Some companies spend (in my personal opinion) an unreasonable amount of resources on advertising rather than producing products. When the amount that firms can advertise is more restricted, how does that affect the economy? +With a friend, I’ve been writing a script for a video essay on Marxism, and obviously one of the points of discussion is the LTV. This is an excerpt of the most important part of the section: + +I could talk about heterogeneous inputs or joint production (a single production process that has output of two or more commodities— Obviously, analytical problems can arise, but it is possible that the labor value of a commodity might be defined as “undefined,” “nil,” or “negative”), but the biggest problem is undoubtedly an issue of correlation versus causation. Many Marxists use empirical evidence that ties cost of production to prices as a proof of the Labor Theory of Value. Because the cost of production is the same as labor (they consider capital goods “dead labor”), and because the cost of production is a good predictor of prices (at least empirically), many Marxists feel vindicated in their support of the LTV. However, this is a classic mistake of correlation not meaning causation. Instead of labor being an equilibrium that supply and demand revolve around in terms of price, it is entirely possible that instead the market value is determining how much labor can be invested profitably. It’s similar to the age old question, “which came first, the chicken or the egg?” and it makes it impossible to use any sort of empirical evidence to prove the LTV. + +These seem to be the main points against he LTV, but it seems like only two reasons shouldn’t be enough. + +If you have other criticisms, please share, and if you disagree with me and think the LTV is correct, please share and tell me why too. Just looking to learn. +I’m sure that the stock market is not a wholly accurate way to predict the way the economy is headed, but I also know that it can be used as an economic indicator. What can the events of the last couple of days tells us about the direction that the economy is headed? +In his [article](https://www.theguardian.com/commentisfree/2019/jan/29/bill-gates-davos-global-poverty-infographic-neoliberal), Jason Nickels claims the following; +>Prior to colonisation, most people lived in subsistence economies where they enjoyed access to abundant commons – land, water, forests, livestock and robust systems of sharing and reciprocity. They had little if any money, but then they didn’t need it in order to live well – so it makes little sense to claim that they were poor. + +Is this accurate? +I have been on a job for 3 years now and I have seen that employers can control everything. They constantly monitor you and if they see you are relaxing or even breathing, they pile on more work. They determine the time you can leave office, whether you can take a day off, how long of a bathroom break you get, when you can have lunch everything. + +Once you are employed, you have no control, you are fully controlled by the employer. There is simply no choice from your end. + +The only option on your part is to simply resign, other than that there is no negotiating room. + +At least that's what has been my experience working in customer service at a bank branch. + +Given this, I don't understand why Economists use a distinct concept of labor power where they separate labor power from the person. +We know it decimated peoples savings (as they always like to target) and caused massive house price increases. So what positives did it achieve and was it worth it? What would have been wrong with just cutting to, say, 0.5% or 1% (in Aus it's 0.1%)? +People sometimes argue that it's a bad idea to keep making pennies, because it costs more than $0.01 to make a penny. Is that a good reason, though? Is there any reason we should expect the amount it costs to make a unit of physical currency, to be close to the value of that currency in transactions? + +After all, in the US, the $1, $5, $10, $20, $50 and $100 bills are basically made of the same material, but they don't cost $1, $5, $10, $20, $50 and $100, respectively, to manufacture. To say nothing of digital exchanges of money -- it certainly doesn't cost $10,000 to make the electrical impulses that correspond to me transferring $10,000 to someone else. + +The only connection I can think of is to the metal in the penny itself, i.e. if the metal in one penny melted down is worth more than $0.01, that's a problem because then a person can hoard a bunch of pennies, melt them down, and sell the metal. + +But that's just the material. It's not clear to me that if, for example, it took $1 worth of time and labour to make a penny, then it wouldn't be worth making pennies. After all, it's not like the penny is only going to be used once -- it seems possible that, over the course of its lifespan, a single penny, by virtue of its usefulness as physical currency, could provide more than $1 of value. + +Would it be accurate to say that the material in a bill or coin should always be LESS than the exchange value of that coin -- not necessarily close or equal to it? +If the Bitcoin bubble pops it seems it would likely be replaced with a better version of itself. From what I am reading it looks like Litecoin is next in like. Is Bitcoin here to stay or just the first iteration? + http://www.telegraph.co.uk/technology/0/litecoin-bitcoin-rival-whose-price-has-risen-five-times-faster/ +Hey folks, + +So I was recently reading "An Economic History of the United States" by Mark V. Siegler. In chapter 20 of the book, he discusses the history of social spending and the welfare state in the United States. At the end of the chapter, he asks if welfare states harm economic growth, to which he answers no. In fact, Siegler says that welfare states are a free lunch, which is to say, that they bring a lot of social benefits without harming economic growth. To back up this claim, he cites an economist named Peter Lindert. + +This strikes me as an extraordinary claim. Is he correct? Are welfare states a free lunch? + Hello, + +I'm neither a citizen nor a permanent resident of the US, but I've been fairly interested in the 70% marginal tax rate for incomes above $10 million proposed by Rep-D Alexandria Ocasio-Cortez. Similarly, I'm interested in the history of the marginal tax rate (MTR) in the US. I read that the MTR got to about 90-95% under the Eisenhower administration. + +If you could point me out to some good, reliable sources of information on the topic, please, share. + +Thank you. + +How many ancap economists are there? + +I count one so far. + +https://en.wikipedia.org/wiki/Walter_Block + +Also, what's the threshold for being considered a "real", "legit" economist? + +Publishing peer reviewed research, right? +So I haven't really done economics since yr 13 so forgive my ignorance in advance, forgot a lot. + +Turkeys GDP (PPP) 2021 is $2.749 trillion +Italy GDP (PPP) 2020 is $2.492 trillion + +Since I'm using PPP data does it mean that Turkey's current economy is as big as the Italian one? Why does it not seem so then? Why is it that Turkey has poor industrialisation and infrastructure compared to Italy, yet their economic output is similar, and Italy is part of G7 and Turkey is not? But going by the numbers Turkey and Italy seem equal. + +I'm strongly considering reading Thomas Sowell's book [Basic Economics](https://en.wikipedia.org/wiki/Basic_Economics). I'll probably pair it with the [Khan Academy courses](https://www.khanacademy.org/economics-finance-domain) on micro/macro/finance. I figure this is a good place to start. However, I'm a little nervous that Sowell book might be biased or full of political propaganda or something. Is my fear misplaced? Is there a better way to learn about economics in my spare time? +Say I create a bot which buys a small amount of share in company A and as soon as I turn a profit of $1, it sells it. Say this transaction takes 2-3 minutes. + +Now, I run 1000s of such bot on company A, another 1000 on company B and another few on company C. So by the end of the day, I get some $2000-$3000 from these bots. + +My question is is this legal way of trading? Because on paper this feels so intuitive and there have been a few blokes out there who might have done this. And also if I program the bots to trade in large quantities for a particular company, would it lead to them manipulating the market? + +PS. I'm a complete novice at trading so not even sure if this can be done, so please help me understand why such thing isn't possible. + +TIA! +To me, this standard has always seemed inefficient and ridiculous. Ideally, people would be payed according to how much they produce, no? Don't hourly wages and guaranteed salaries only enforce sloppy work and inefficient labor? + +What can be said of the idea of having an economy where the vast majority of individuals are freelancers? Payed by what they do and how well they do it, as opposed to how much effort they put in or how long it takes them to do it? +Will France benefit more than they would have if they had come in second? Are there any tangible economic benefits? Does productivity tend to increase? Are there any studies on how sports championships economically affect the cities/countries that win them? +I've heard of this conspiracy theory that, even for an anti-government skepticist such as myself, I find is hard to swallow and somewhat unbacked by research. + +I'll summarize the theory below. So, is it true that: + +*As a result of a set of agreements between US and OPEC, and backed up by the US Military, all countries in the world must purchase oil in USD. Subsequently, this means that in order to purchase oil, countries must retain a constant supply of USD. Ultimately, this means that the international demand for the dollar is the only thing holding up it's value, and if countries were to stop accepting USD for oil, then international demand for the dollar would collapse* ***and as a result the value of the dollar would evaporate in a matter of days***. + +Is this true? The theory also claimed that the real reason for the US's invasion of Iraq in 2003 was because Iraq started selling it's oil in Euros years prior, and that the real reason for the Libya invasion was due to how Gadaffi wanted to organize a gold-based currency for Africa called the Dinar. + +Is this true? US Military enforcement + OPEC agreements + USD demand = Only thing holding up dollar value? +Sorry if the title is unclear. Basically, suppose there's a situation where quantity demanded/supplied are at equilibrium. Then suppose that the producer decides to produce less. This causes a leftward shift in the supply curve. + +Now, suppose that this causes quantity supplied to decrease by 50%. Is it possible, that in some situation, the equilibrium price will increase by more than 100%? Because if so, in that situation, the increase in profit margins would more than compensate for the decrease in quantity of products sold. So a leftward shift in supply would be beneficial for the producers! This seems really unintuitive, but nothing I've learned about supply/demand would suggest that this is impossible. +The axioms are namely the axioms of completeness, reflexivity, transitivity, continuity and non-satiation. + +I can think of examples, or have seen ones before, where an axiom or more do not hold. Ideally, since it's an axiom, it is supposed to hold true all the time. Isn't it so, or am I missing something? +Specifically this. http://www.epi.org/publication/u-s-trade-policy-time-to-start-over/ + +"U.S. trade policies have clearly turned out to be bad politics. But they are bad politics because they are bad economics." + +"The first step is to declare a freeze on all trade negotiations—bilateral as well as multilateral—until we have such strategies in place." + + +The UK is planning to reduce income tax and increase borrowing to combat high inflation. + +From my understanding, the entire crisis is due to people spending the additional savings they made during lockdowns. Thus, if the crisis arises due to increased consumer spending power, why would giving consumers more money solve the issue? + +Or is it a purely political move to increase the party popularity? + +Please explain it like I’m 5 yo. I have high school (A-level) knowledge of economics. + +Thank you. +Graduated 15 years ago, and in college I believe they taught us that the economy continually gets more productive - producing more goods and services so there is more for everyone. In theory, these productivity gains are driven by innovation. + +This seems like decent theory, but is it the way the country actually works? The allocation of the benefits of innovation do not seem to be well distributed, which makes it seem like their are certainly winners and losers. + +If a manufacturer automates, the winner is the executives and the losers are employees that will get laid off. + +Also, with the allocation of global capital, if a company takes the profits it makes in the US and invests in emerging markets, there is no benefit for the working class. + +I fully understand I don’t know what I am talking about 😊. Thank you for any insight. +It looks like education costs increase at double the rate of inflation every year. Do schools just pocket this money, or is there another reason for it way outpacing inflation? + +Source: https://finaid.org/savings/tuition-inflation/ +I have some familiarity with the history of economics, but would like to understand the justifications for our current system. + +The United States has a progressive tax code. Many people say that we should raise corporate taxes and raise taxes on the rich. This much is clear to me. + +So, I may be incorrect, but the highest tax bracket has a minimum of ~$420k and if you make above that you pay the same marginal rate. (Roughly 40% if I remember correctly.) + +Instead of increasing the percentage for that individual bracket, why don't we increase the number of tax brackets? For instance, someone who makes (arbitrary numbers for income and percentage here, a rate would have to be calculated and agreed upon) $420k-$430k would pay 40%, someone who makes $430k - $450k would pay 43%, and so on until you reach millionaires and billionaires who pay significantly higher taxes due to the progressive rate. + +Under this system I could see it possible for those $400k earners to have an even lower rate due to the rate that the ultra rich will pay. Is this possible? + +Is this what people mean when they say raise taxes on the rich? Or do they usually mean to increase the percentages of the current brackets? + +What are the reasons this wouldn't work? + +Thanks. Interested to hear your responses. +(TLDR below) + +I know, this question is easily the most asked one in this subreddit. I looked at a lot of them. As an amateur of economics, I've spent the last years trying to understand and determine what is the best economic system. I am very passionate about economics, and personally believe that the science of economics is about engineering the allocation of resources in the most efficient way. I have a lot of respect for this discipline, which in my opinion doesn't get enough credit for the advancement of humankind. + +Anyways, I don't know if it's because I just don't have the time anymore (or my opportunity cost of studying the topic is getting too high) or if it's because I'm just not that good, but I'm getting tired of trying to find the most optimal system. For me, an optimal system doesn't just allocate resources in the most efficient way (efficient being relative), but it's also one that will endure the test of time. + +While the free-market system has worked especially well in the last century, I whole heartedly believe that some of its flaws will considerably weaken the future generations and society as a whole. Negative externalities, boom-and-bust cycles and the widening wealth gap are already widely acknowledged problems, so I won't talk too much about them, although we know that they can have a significant negative impact on society. + +Instead I want to briefly discuss about something else: the supposed rationality of the consumer. Of course, consumers will choose the item with the lowest price (assuming the same perceived value). Even with perfect information and without assuming the cost of comparing goods, a bigger problem is that consumers don't always pick what's best for them, and that's one of the biggest problem in my opinion. This contributes to increasing wealth gap and broader societal problems. I'm referring here to casinos & gambling (no idea why it exists besides giving revenue to government), but also to things like video games and social medias. Gambling is negative-sum imo, and video games addictions are a real phenomenon that can affect both the individual and society negatively. + +Then you have what I call free-market related costs, like institutions that help to prevent market failure, like central banks, the SEC, etc. I don't have an exact figure on how much they cost relative to GDP, but imo they don't have a positive output on society. + +I have many criteria for my ideal economic system, and its ability to adapt to cultural changes is one of them. Of course, not all problems can be attributed to the economic system. I'm not sure exactly what's happening with the next generations (coming from a millennial myself), but I'm afraid for the future of the western world. Societal cohesion has become almost non-existent, the wealth gap is increasing, deglobalization is happening which contributes to inflation, etc. + +TLDR: I'm tired of trying to determine what the best economic system is, and I've read pretty much all the posts on 'what the best economic system is' without being satisfied. Those of you who have spent much more time studying economics and are more qualified than me, is the current mixed economy (or capitalistic with regulation) the best we can do when taking into consideration factors like resource allocation, but also other variables like sociology and human psychology. Is it really the least bad option? (Even better if a very knowable economist can give a short answer, no explanation needed). + +By the way, this is really an amazing sub, easily one of my favorites. The community is smart and very helpful. +Hello all, + +Economic Noob here just trying to better understand the current political environment and what it really means, so I have a question for people whom I hope understand things better than I do. :) + +Of course everyone is overacting with the US-Mexico trade dispute currently ongoing. When one anti-Trump friend was challenged with "How does NAFTA benefit the US in regards to trade", his only answer was "cheaper cars and goods". There has to be more than that, or is it true that Mexico needs to cooperate with us because their economy would be in peril without NAFTA. + +Please excuse my ignorance and enlighten me, as really I have no idea what cancelling NAFTA would do to the USA (at least, from the Mexican aspect of it- people don't really have an issue with Canada). +Edit: https://mobile.twitter.com/gabriel_zucman/status/1181169045694869504 + + Interest rates are extremely low; it seems like too much savings are chasing too little investment opportunity. + + But meanwhile, many Americans are just one emergency away from being completely broke. If there are massive savings out there, they must rest with the rich. Recently someone said that when interest rates hit 0, it is evidence that capitalism has run out of ideas. Perhaps that’s the case here. + + In light of that, what do you think would happen to the economy if they were taxed at 1950 or 1980 rates? I assume a lot of people currently living paycheque to paycheque would spend a lot of that money immediately just on basic necessities. Wouldn’t that do something for the economy? Perhaps even to the point that interest rates might rise as investment opportunities improve? +Hey r/askeconomics, I had a question: +I have run into several of people who adamantly support either supply side economics or trickle down economics respectively as the most effective way to spur economic growth. Each of these people has become frustrated when I used the terms interchangeably (one man thought supply side was derogatory and the other thought trickle down was derogatory). +Now, I had been under the impression that these terms were essentially interchangeable while "trickle down" was meant to be insulting. Additionally, I was under the impression that supply side economics had fallen out of favor with economists at some point. I have no idea, as I am clearly not an econ major or professional. +Please, any light you could shed on the situation would be appreciated. +Hello, + +I see many politicians discussing minimum wages that can be a "living" wage to support workers in America, and to an extent Canada, where I am from. The liberal argument is that if a person is working 40+ hours a week they should be able to live off that, also companies like Walmart, Amazon, McDonalds, etc. can afford to pay their workers that much. + +The conservative argument is that businesses will just pass the costs down to the consumer, and small businesses cant afford to pay their employees that much due to the smaller profit margins, smaller businesses having less money etc. + +So why not introduce a tiered minimum wage system? Businesses like Walmart, McDonalds, Amazon, etc. (large corporations) will be required by law to pay their employees more, smaller businesses would be required to pay their employees less. + +What are the potential issues, or reasons this could not work? Is this a good idea, has this been proposed before? +I have started daytrading futures with firms that once you pass their combine, you will get funded. Topstep and OneUp. I have my own small live account as well. +I would like this to be my full time job. + +I have a family to feed and a mortgage to pay. I have been successful in paper trading with a very specific strategy. I am considering daytrading as a fulltime job once I am able to have 6 months of expenses fully reserved only through this journey. + +My current career has a cap on my growth for the next 5 years because I am very young and have reached my potential for the moment being. The next step in my current career will only get me a 12% raise compared to my current salary. + +What advice do you have for me to all you traders who became full time day traders? + + +Edit::: + +Thank you for all the advice, it is a lot to consider. +I’d like to point out, I have my strategy and it works for me. I don’t need advice in that aspect. + +I would like a deeper thought than just how to be a better trader. + +To those who are successful at this and have made this their living, how do I successfully run this as my living. Taxes, being funded by a firm and using 1099 as a independent contractor, using some profits to capitalize on personal live account etc. +Have we all realized that? You don’t have explain what folk could perceive as loosely related facts. The data is so profound that one can simply reply short it then, if you’re so confident I’m wrong. + +February me: + +I’m a tin-foil hat wearing crackpot that keeps mumbling about market manipulation and price suppression to friends and family + +June me: + +Either provide concrete facts & analysis that could support your bearish sentiment, or if you think I’m such a fool, then take my free money and short it + + +No more defense. If someone wants to bash GameStop as a company or being a shareholder of GME, show me facts or shut your fucking mouth. MSM I’m looking at you. + +The truth and the true price are inevitable. I don’t know when, but it’s coming +https://www.cnbc.com/2022/12/09/wholesale-prices-rose-0point3percent-in-november-more-than-expected-despite-hopes-that-inflation-is-cooling.html + +Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. + +The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain. + +Excluding food and energy, core PPI was up 0.4%, also against a 0.2% estimate. + +The release comes amid other signs that price increases at least were decelerating from a pace that had put inflation at its highest level in more than 40 years. However, the data Friday, which tends to be a leading indicator of underlying price pressures, shows that shaking off inflation could be a long slog. + +This was the third month in a row that headline PPI increased 0.3%. On an annual basis, the increase represents a decline from the 11.7% peak hit in March, but is still well ahead of the pre-pandemic pace at least going back to 2010. +*Disclaimer: Yes I have read the r/personalfinance wiki on windfalls, as well as a few other books relating to handling windfalls. However, not many of them are good for focusing in on FIRE in my opinion (maybe I am reading the wrong books?). I have been sitting on this money for a a period of time now, and am feeling emotionally ready to start making it work for me.* + + +Hello fellow friendly folk of r/financialindependence, + +I am in a situation not many people my age (<25) find themselves in, and would appreciate any advice or insight you would have for someone like me. We've all been asked the question of "if you had a million dollars, what would you do?" and I am sure all of us at some point have fantasized on receiving such a windfall. In my case that fantasy is a reality, and due to such a unique situation I am kind of at a loss of what to do. Below is a brief summary of my situation: + + +* I have received a sum of money to the tune of $1,030,000 as a result of a personal injury lawsuit. Due to the state I live in, this money is untaxed, so I literally just have this sum of money sitting in a savings account earning me essentially nothing in interest. I am aware keeping it in one place is risky and am considering which direction I should take to diversify this risk while helping realize my FIRE goals. + + +* I am graduating from college with a STEM degree complimented with valuable industry internship experience that is strong enough to get me a full time career in my field of study if I choose to work upon graduating. As of writing this post my goal is to figure out my future before I commit to either starting a career or doing something else with my time. + + +* The personal injury I sustained is predicted to give me lifelong complications in terms of health and finances which I will need to consider when planning out the rest of my life. + + +* I live in a HCOL city that is always going to be a desirable location, and ideally I would like to stay in the area for the rest of my life because I like being close to family. Real estate will always retain value here, and being a homeowner is something I am interested in. On the flipside I am aware that this sum of money might be enough for me to FIRE immediately in a cheaper state in the US. + + +* I have told absolutely zero people the exact amount of money I have, but people close to me do know that I am sitting on wealth due to the nature of how I got my injury. I have not given anyone a frame of reference for what I am worth. + + +* I am incredibly frugal by nature with how I spend my money, living on around a budget of $1,500-$1,700 a month. I have not used any of my settlement to support myself. Like many of you, I view money as a tool for freedom rather than a tool used to solely buy material possessions. I don't mind living a frugal lifestyle and since I have never really experienced lifestyle inflation, I aim to keep it that way. + + +* To my knowledge I have no tax advantaged space I can utilize except for either a Roth or Traditional IRA. I do not have access to a 401k as of this time, or to my knowledge other tax advantaged accounts. Right now I have no money in any tax advantaged spaces except for old 401ks (~800 if I had to guess) from previous employers that I intend to put somewhere. I have not opened up an IRA because I am unsure given my situation which one would be the most beneficial. + + +* I have zero debts, and am reasonably debt-averse unless it makes financial sense to carry debt (i.e. mortgage property so I can invest the money elsewhere). + +As of right now I am putting together a list of Certified Financial Planners/other wealth management professionals and reviewing the different ways folks in the financial industry make their commission before I decide to hire someone so I don't get taken advantage of. Ideally I would like to be able to manage my finances entirely on my own and am more than willing to put in the time to learn how. At the same time, I recognize I really only have one shot at making my money work for me correctly so I am hesitant to take this journey alone without honest professional advice. + +My question to r/financialindependence is this: if you were in my situation, what would you do regarding making your money work for you? Would you hire a professional adviser, and if so what would you look out for when picking one? Would you start a career? Get into real estate? Become a home owner? Start your own company? Invest your money and live off the dividends, and if so, where would you invest your money? + +As you can tell there is a lot of opportunity for great success, and for great failure. I am hoping that you guys can take a look at my situation with financial independence in mind, so any help, insight, or tips are genuinely appreciated! Thank you in advance for your time and thoughts. +You can see the glass half full or half empty. If you believe that your favorite cryptocurrency will get back to its ATH here is how much it would be worth with a 1K USD investment. Glass empty crowd here is how much some of these coins has dropped from ATH. + +For example, for BTC a 1K investment now, if and when it reaches back to its ATH would be 3.4K. For ETH it would be 4.3 K and for something like DOT it would be 7.8 K or HNT it would be 5.9K. + +table is ranked by marketcap. +&#x200B; + +|name |Amount from 1000 if ATCH |% Price Drop from ATH |date since ATH |% to ATH | +|:-----|:------------------------|:---------------------|:--------------|:--------| +|BTC |3,496.50 |-71.40% |7 months ago |249.7% | +|ETH |4,394.50 |-77.24% |7 months ago |339.4% | +|BNB |3,037.00 |-67.07% |1 year ago |203.7% | +|XRP |10,518.00 |-90.49% |4 years ago |951.8% | +|ADA |6,748.70 |-85.18% |10 months ago |574.9% | +|SOL |7,554.80 |-86.76% |7 months ago |655.5% | +|DOGE |10,734.30 |-90.68% |1 year ago |973.4% | +|DOT |7,854.30 |-87.27% |8 months ago |685.4% | +|TRX |3,447.20 |-70.99% |4 years ago |244.7% | +|SHIB |8,381.30 |-88.07% |8 months ago |738.1% | +|LEO |1,384.40 |-27.76% |4 months ago |38.4% | +|WBTC |3,573.60 |-72.02% |7 months ago |257.4% | +|AVAX |8,398.60 |-88.09% |7 months ago |739.9% | +|STETH |4,490.90 |-77.73% |7 months ago |349.1% | +|MATIC |6,164.30 |-83.78% |6 months ago |516.4% | +|LTC |8,002.00 |-87.50% |1 year ago |700.2% | +|FTT |3,376.70 |-70.38% |9 months ago |237.7% | +|OKB |3,509.60 |-71.51% |1 year ago |251% | +|LINK |8,405.10 |-88.10% |1 year ago |740.5% | +|CRO |8,381.10 |-88.07% |7 months ago |738.1% | +|XLM |8,014.50 |-87.52% |4 years ago |701.5% | +|NEAR |5,976.60 |-83.27% |5 months ago |497.7% | +|ATOM |5,298.00 |-81.12% |5 months ago |429.8% | +|UNI |8,966.10 |-88.85% |1 year ago |796.6% | +|XMR |4,463.60 |-77.60% |4 years ago |346.4% | +|ALGO |11,334.40 |-91.18% |3 years ago |1033.4% | +|BCH |35,200.60 |-97.16% |4 years ago |3420.1% | +|ETC |11,109.70 |-91.00% |1 year ago |1011% | +|TFUEL |13,061.00 |-92.34% |1 year ago |1206.1% | +|XCN |2,150.80 |-53.51% |1 month |115.1% | +|VET |12,209.70 |-91.81% |1 year ago |1121% | +|FLOW |27,179.50 |-96.32% |1 year ago |2617.9% | +|SAND |7,118.60 |-85.95% |7 months ago |611.9% | +|APE |5,766.70 |-82.66% |2 months ago |476.7% | +|XTZ |5,922.10 |-83.11% |9 months ago |492.2% | +|FRAX |1,137.70 |-12.11% |1 year ago |13.8% | +|HBAR |9,099.10 |-89.01% |9 months ago |809.9% | +|ICP |127,159.70 |-99.21% |1 year ago |12616% | +|MANA |6,619.40 |-84.89% |7 months ago |561.9% | +|FIL |43,456.90 |-97.70% |1 year ago |4245.7% | +|THETA |12,885.20 |-92.24% |1 year ago |1188.5% | +|TUSD |1,616.80 |-38.15% |3 years ago |61.7% | +|AXS |11,411.80 |-91.24% |7 months ago |1041.2% | +|EGLD |10,349.80 |-90.34% |7 months ago |935% | +|BSV |8,924.00 |-88.79% |1 year ago |792.4% | +|HNT |5,920.20 |-83.11% |7 months ago |492% | +|EOS |23,529.80 |-95.75% |4 years ago |2253% | +|KCS |3,321.40 |-69.89% |7 months ago |232.1% | +|AAVE |11,000.70 |-90.91% |1 year ago |1000.1% | +|MKR |6,879.30 |-85.46% |1 year ago |587.9% | +|BTT |3,919.60 |-74.49% |5 months ago |292% | +|QNT |7,293.90 |-86.29% |9 months ago |629.4% | +|MIOTA |19,228.10 |-94.80% |4 years ago |1822.8% | +|XEC |9,674.40 |-89.66% |10 months ago |867.4% | +|10SET |1,700.80 |-41.20% |1 year ago |70.1% | +|ZEC |56,018.40 |-98.21% |5 years ago |5501.8% | +|GRT |29,605.80 |-96.62% |1 year ago |2860.6% | +|HT |8,852.70 |-88.70% |1 year ago |785.3% | +|KLAY |18,355.90 |-94.55% |1 year ago |1735.6% | +|FTM |13,368.00 |-92.52% |8 months ago |1236.8% | +|SNX |10,225.80 |-90.22% |1 year ago |922.6% | +|RUNE |10,082.10 |-90.08% |1 year ago |908.2% | +|PAXG |1,236.90 |-19.15% |1 year ago |23.7% | +|GT |3,203.00 |-68.78% |1 year ago |220.3% | +|BAT |4,791.70 |-79.13% |7 months ago |379.2% | +|NEO |23,588.60 |-95.76% |4 years ago |2258.9% | +|AR |7,518.10 |-86.70% |7 months ago |651.8% | +|ZIL |6,524.10 |-84.67% |1 year ago |552.4% | +|CHZ |8,734.20 |-88.55% |1 year ago |773.4% | +|WAVES |11,457.90 |-91.27% |3 months ago |1045.8% | +|STX |8,763.80 |-88.59% |7 months ago |776.4% | +|GMT |4,963.30 |-79.85% |2 months ago |396.3% | +|DFI |6,176.70 |-83.81% |6 months ago |517.7% | +|LRC |9,587.70 |-89.57% |7 months ago |858.8% | +|BIT |7,157.80 |-86.03% |7 months ago |615.8% | +|ENJ |9,658.50 |-89.65% |7 months ago |865.9% | +|DASH |34,726.60 |-97.12% |4 years ago |3372.7% | +|XAUT |1,139.60 |-12.25% |1 year ago |14% | +|KSM |12,367.40 |-91.91% |1 year ago |1136.7% | +|AMP |12,970.10 |-92.29% |1 year ago |1197% | +|CAKE |14,135.00 |-92.93% |1 year ago |1313.5% | +|EVMOS |3,211.30 |-68.86% |2 months ago |221.1% | +|GALA |15,225.40 |-93.43% |7 months ago |1422.5% | +|CELO |11,137.90 |-91.02% |10 months ago |1013.8% | +|KAVA |5,181.80 |-80.70% |10 months ago |418.2% | +|XEM |44,821.30 |-97.77% |4 years ago |4382.1% | +|HOT |14,753.60 |-93.22% |1 year ago |1375.4% | +|CEL |9,022.30 |-88.92% |1 year ago |802.2% | +|MINA |14,499.50 |-93.10% |1 year ago |1350% | +|XDC |7,542.90 |-86.74% |10 months ago |654.3% | +|1INCH |13,796.00 |-92.75% |8 months ago |1279.6% | +|FXS |8,806.60 |-88.64% |5 months ago |780.7% | + +TLDR; are you a glass half full or empty? If you think your crypto will reach its all time high again then its a simple decision. 1K in BTC 3.4K and 1K in LRC is 9.5 K. Half empty, LRC is down 89% and BTC is down 71% + +ctrl+f and find your fav coin. + +addendum: as pointed below - for shit & giggles here is how it would look like for the infamous LUNA classic: + +current is: 0.0001288 assuming ATH was ~ 115 + +892,857,142.9 +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 +I’ve been getting a lot of questions from previous comments I’ve made that staked ether will consume a massive 90% of total supply. + +Here’s why I’m confident in that estimate and the effect I believe it will have on the platform: + +**Reserve Currencies and Money Supply** + +First, a primer on how money supply works in fiat: + +90% of USD is held as US Treasury securities (i.e. treasury bonds). Only $1-2 Trillion is actually held as cash that can be readily spent. Over $20 Trillion is held as interest paying bonds. USD holders like to hold treasury not cash because treasuries resist inflation. Interest on treasury bonds is redeemed in newly printed USD making the bonds rise in value while being proportionally diluted. Interest cancels out inflation. + +Ethereum staking is modeled after this model of reserve currency holding. Staked ether works like a treasury bond, it returns a small interest that’s proportional to Ethereum inflation rates. Unlike treasury bonds, staked ether also distributes rewards from network fees. However, fees are meant to be low and returns will be tiny if 90% of ether is staked. + +**Secondary Markets** + +Because ETH that is not staked will lose value against staked ETH, users will be incentivized to keep most of there holdings staked. The challenge is that staked ETH is locked away and can’t be spent. + +This is similar to treasury bonds which mature over time (e.g. 6 months, 1 year, 10 year, etc). This locked holding period creates a secondary market for trading treasury bonds to be held with USD to be spent. Since bonds can’t be spent, US treasury bond holder must sell their bonds for an equal amount of USD that they can spend anywhere. + +Ethereum is likely to see a similar secondary market in the form of staking pools. Staking pools are known today as an easy way for novices to stake ether without the risks of loss associated with running your own node. But pools can also serve as markets for trading between staked and unstaked ether, just like the secondary treasury bond markets. + +This would allow holders to give their ETH to pools to be staked. If these holders need to withdraw their ETH from the pool before their term expires, they can trade their staked ETH for an equal amount of unstaked ETH. Eventually a smart contract would facilitate this trading. For every 1 ETH deposited into a pool a user would get 1 *IOU* token that can be redeemed for 1 ETH. + +**Allowing for over 90% staking** + +This process would make casual staking exceptionally simple and fast. ETH could be withdrawn from and deposited back into pools nearly instantaneously meaning only a small portion of ETH needs to remain liquid. This rapid transacting would allow for over 90% of ether to be stored away and constantly staked, leaving a thin layer of less than 10% to facilitate daily spending. + +This is great news for investors. If 90% of supply is out of active circulation, supply will be extremely limited - the same value will need to transacted through 1/10th as much ETH, driving the price per ETH through the roof. The downside is that fee rewards will be small and since fixed rewards are directly proportional to inflation, they will be 90% canceled out (e.g. if 2% new eth supply is created each year to reward stakers, then 90% is dilutive). **The trade off massively favors early investors who buy before 90% of supply is taken out of circulation.** +So I honestly have no idea how the heck I would go about figuring out my taxes. I have a bout 40-50 different cryptos that I started heavily DCA'ing into small amounts at a time, starting around February. After getting burned when Crypty.com stole 3 of my BTC and millions of DOGE and lots of LTC years ago I finally decided to get back into the market. + +All of my Crypto.com, and robin hood transactions are pretty straightforward I would just download the CVS file or look at my transactions. But my Coinbase stuff is weird because I was transferring back and forth to Coinbase Pro and making trades. I don't see where to see my transactions on Bitmart. Also I have Coinbase wallet in which I sent a lot of Eth to buy stuff on Uniswap and I don't see a record of transactions on their either. + +What happens if I just sell all my shit and don't pay any taxes, would I be fucked? I'm not high income or anything and while it's 5 figures it's not a massive amount of money. I honestly just don't know where to start on the tax stuff. My grandma always does my taxes. I have sold some crypto some years in the past and never claimed taxes but it wasn't nearly this much. +Hello all, + +I make 40k a year which resullts in 2110$ montly net income. (30k annualy) + +Here is my budget and I am not sure where to cut to save more... or how i can achieve FI... + +https://i.imgur.com/SajcZU8.png + +I actually believe I live quite frugally... 630$ for renting here is a okayish 3.5 appartement. + +Even saving for a house is quite depressing... at 210$ a month... it will take m years to achieve that... +Today Nvidia announced a stock split. I'm currently holding a large number of 600c and 700c calls across a variety of months throughout the remainder of the year. Any recommendations how to play this type of scenario with a split coming up? + +Secondly, if I hold my calls through the split, what happens? I'm assuming I'm SoL + +Edit: This sub rocks; love the advice on how to play it. +Spotify had a revenue increase of 39% this past year, however it also doubled its operating losses in that same period. Should we be concerned that it will have the same operating loss issues as SNAP, or does Spotify's hold on the streaming market outweigh the risk? +Will the news that inflation is worse than expected and a looming interest rate rise cause people to spend or save over the next few months? + +I'm talking about discretionary spending. If people know that their money is going to be worth less in a few months than it is now, will that cause them to buy pricier one off purchases now? + +Or is the impending bad news cause for aussies to squirrel their money away as a buffer? +Overfitting is one of the biggest mistakes and downfalls of algo traders. Essentially it means we create a system that is ideal for the historic data we use, under those market conditions. However, as conditions change moving forward, our live results always differ. + +One solution is to let the law of big numbers take hold, and let the algo trade for a long enough time period for the edge and probabilities to work out though the varying conditions and cycles. Another is to update or switch strategies based on the current market condition. + +Yet another I've been considering is to have the algo automatically change some of it's own parameters, since my best algo has a few settings that can be adjusted in code. + +The idea is every morning, what if the algo ripped through all parameter combinations for the past X days or periods and utilized the best values for the next trading session. Clearly "best" is totally subjective but let's ignore the meaning of that for the discussion. Backtesting this would be interesting, but the hope is as conditions change, instead of working with an "overfit" model I'm working with a "current-fit" model + +Pros? Cons? Stupid? +Narration: +My life as a quant - emmanuel derman +Flash boys - michael lewis +Dark pools - scott patterson +The black swan - taleb + +More accademic: +High frequency trading - aldridge +Quantitatibe trading - ernie chang +I’ve almost finished reading Andrew Aziz’s book – How to Day Trade for a Living. As a complete beginner to this whole trading world, it’s been a very informative and helpful read (if you haven’t read it, it’s not a ‘get rich quick’ book, as the title may make it seem). + +One of the recurring themes in the book is the idea that as a day trader you are competing against computers running algorithms, so your job is to exploit the things they miss and catch the moves they can’t catch (in very rough terms, I’ve likely butchered some of his philosophy there). + +However, he also goes on to say that all trades should be planned with a clear strategy and pre-determined entry and exit points etc... basically, have a plan and stick to it. All great advice. My question is this: if you have a strict trading strategy with identifiable parameters that pre-determine the decisions you will make, why can’t this be turned into an algorithm? Why does he insist that it’s day trader vs machine? Are there downfalls to having a day trading algorithm that I’m not seeing as a beginner? +This might be the wrong place to post this but I need to vent a little bit. + +I unsubbed this morning from WSB, which used to be one of my absolute favorite subreddits. I got a post on there to the front page of Reddit and got doxxed into making a new account but god damn did I enjoy that subreddit pre-GME. + +I have been holding puts on $GME for awhile now because I knew this was going to all blow up. + +To an outsider, the current userbase of WSB looks like a very small, loud, minority of investors that are desperately trying to justify the mass losses they have experienced since $GME peaked. It's an echo chamber. These people are trying to convince themselves that they are doing the right thing by throwing away money, which goes against every investment principle ever established. + +The incessent posts trying to convince others to buy or hold have legitimately coerced uneducated investors into putting their life savings into a meme stock that they don't understand. This whole ordeal has undoudtedly caused mass emotional stress and WILL result in people taking drastic action with their lives to cope. + +At this point, in my relatively worthless opinion, WSB and the $GME craze has done more harm than good to the stock market and to retail investors who got involved. This whole thing has devolved into a place that is just straight up harmful. + +Who knows, maybe the remaining bag holders are the next Micheal Burry's of the world and will walk away with massive gains. In a way, I almost hope they do. The money I have in puts on $GME is money that I can afford to lose. I don't know if a lot of people holding $GME right now can say the same. +I did the maths the other day. With what I have invested so far life-changing money is not even on the table. Even if btc hits 1mil I'll still be going to work. Which I don't mind I'm not here for life changing money. But it made me curious as to how many of you are actually expecting to get massive gains after Only throwing in a 100 or a 1000 to btc and waiting for a 10x + +Yeah it's cool to get the gains but the word about us being early just isn't true for most of the casual investors + + +Edit: I'm not saying it's impossible to make money from investing in btc we all know it's gonna go up I'm just saying we have to be honest with ourselves about the amount of gains we will make +http://www.cbsnews.com/news/the-surging-ranks-of-americas-ultrapoor/ + +http://www.rollingstone.com/politics/news/six-ways-america-is-like-a-third-world-country-20140305 + +http://www.wsj.com/articles/third-world-america-1446594670 + +http://www.salon.com/2013/12/10/look_at_the_stats_america_resembles_a_poor_country_partner/ + +http://www.washingtonsblog.com/2014/08/u-s-now-third-world-country.html + +http://www.city-data.com/forum/economics/2242426-america-becoming-third-world-country.html + + + +Mod teams over the last few months this sub, which was once a decent sub for discussion on the economy/stock market (primarily in the US) has turned into anti work 2.0. + +Can the mod team please establish some forum rules on low effort meme posts of this blatant garbage. For examples a tweet of some random fast food franchise owner complaining no one wants to work is not economy related nor is old memes fighting for higher wages. There are places for these types of posts. I would enjoy if this sub went back to it's roots and focused on macro shifts in policy impacting the economy. Stock market indices feedback on daily shifts related to various news cycles, you know actual macro/micro economic items. +I'm not going to tell you to be more patient about Ethereum development, but I will offer up some *thoughts on why you might be feeling impatient:* + +1) **Most people expect a continual and visible stream of outputs from development, but the reality is that technology development almost always occurs in fits and starts.** The most visible times tend to coincide with those periods of greatest adoption, based upon real utility for end users. Then things go dormant for a while after the market adjusts to that new utility, without much visible evolution or progress around usable capability for users. I don't care what emerging tech you look at, this is almost always the case, and just a few examples: artificial intelligence, virtual reality, 3D printing, etc. A lot of these sectors often boom, and then feel very stagnant for years. But if you look closely, you'll see that infrastructure for the next big boom continues to evolve. + +2) **You may be blind to revolutionary progress, because it feels incremental based upon your shifting baseline.** Go back to 3 years ago and ask yourself if people would be doing any of the following on Ethereum: 1) taking out decentralized stable value token loans via platforms like Maker Dai, or 2) trading digital cats, trading cards, and other in-game items on-chain, or 3) experimenting with a budding ecosystem of all kinds of other decentralized financial services like Compound. You'd probably say anyone telling you such things would be possible was crazy, and indeed, many did. Each of those little incremental evolutions were in fact revolutionary, but you just couldn't see it because functionality continues to build upon each other bit-by-bit. *If you want to see a revolution, put yourself into a coma for 2 years, then come back and see what's being built on Ethereum, based upon your knowledge of today.* + +3) **You're watching one pot, waiting for it to boil, and miss the fact that dozens of others are boiling over right next to it.** Ethereum is a platform- that means its importance is not just defined by its own technical capabilities, but what is built on top of it, and how those things being built on top of it work together. The growth of that platform's functionality and capability is important, but that's not all that's important. The proliferation of dapps, their interoperability, and growing network effects are all important. And there is now a better plan for how to scale that base layer which just needs to be built out. + +That being said, we need to be deliberate and organized in building out that platform, and I do think the dev team understands this and will do so to the best of their ability. Yelling and complaining about it being too slow here won't really help. Nor will simple comparisons to existing software development models (move fast and break stuff in an Agile approach) for less mission-critical systems. Start comparing Ethereum to the progress of other projects in the sector, and then you'll see we're not too far off track. + +I will close with this quote: + +> Most people overestimate what they can do in one year and underestimate what they can do in ten years. +> -Bill Gates + +I don't know how many of you will be here in ten years, let alone one or two years, but I think it will probably be worth the wait. +https://patentscope2.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO&fbclid=IwAR3mmk5o22HuPzSsXdnOsgMDbZCS51qLJU3zsgoJTOqonPtraZZSUanNtng + +^ +I find that patent EXTREMELY interesting. Using human body activity to mine cryptocurrencies... i have many questions. How would he mine from a human body? What relevance is this to Microsoft’s evolution? Was Bill Gates in on the board at the time of filing application? What other cryptocurrencies/blockchains follow similar paths? + +Publication number: +W0/2020/60606 + +I’d like to hear your thoughts! Any Ethereum projects along the lines to aid this? +Hey guys I just wanted to admit that I did indeed "panic sell" half my stash last night at around ~$280. Enough to cover my principal + a decent extra. + +**Disclaimer:** I am heavily bullish for Ethereum. I literally dumped my entire bank account into Ethereum at ~$50-60 in April. **This included the vast majority of my emergency fund as well**. I was intent on succumbing to living paycheck-to-paycheck due to my bullishness for Ethereum. I am still barely making ends meet paying living expenses right now. + +But these dips have shocked a reality check to my brain. What if my car broke down? What if I lose my job? I then realized how much of a lunatic I was for having barely 3-figures in my bank account and nothing else to guard me in such cases. + +Yes, I over-invested. I admit it. Call me a "weak hand" or "seller of cheap ETH to the whales" or whatever. But for my own sanity and financial security, I needed to do it. + +This probably comes off as some pity-post, so I will gracefully accept all the downvotes, especially since this sub crucifies anybody who sells ETH before "moon levels". But I have found an extreme surge of relief after I sold last night and barely cared about how the prices went today. + +I can now hodl the other half of my Ether in peace for the long-term. +The purpose of this governance vote is to address donut farming from memes and tweets. The proposal includes all of the following changes. + +1. All memes must be posted with the flair “comedy” +2. All images of tweets/reposts of social media must be posted with a flair of “media” +3. Karma weighting for posts with the flairs “media” and “comedy” will be reduced to 10% for donut distribution +4. Restrict the ability to edit post flairs to only mods + + +Link to [Poll Proposal](https://www.reddit.com/r/ethtrader/comments/le7c6u/poll_proposal_change_donut_distribution_for_memes/) + +[View Poll](https://www.reddit.com/poll/lg6sbe) +**1) You may … MAY … (depending on your investment style and risk tolerance) want to ensure the stock meets the following conditions:** + +* Trading at a value price on a pullback of no consequence. (I’m tired of seeing people get burned by chasing high. Look, if you see value then there is a good chance institutions will too) +* Has positive profit/operating margin (Can be waived in rare cases of extreme growth, but there’s a lot of speculating in highly volatile unprofitable companies going around Reddit) +* Has a decent amount of institutional investment (I assess this gives a great amount of stability to the stock) +* Is and has been growing (positive and increasing EPS and Revenue) +* Is expected to grow (Low Forward PE, PEG Ratio Less than 1, PS less than 4, DCF below current value) +* Debt can be covered by cash on hand or future cash flow. +* Favorable economic conditions (What sense does it make to start a new position in a distressed industries?) +* Can mitigate current economic headwinds (worker shortage, supply chain bottlenecks, inflation, price of inputs, level of inventories). + +**2) You do NOT Have to Buy in All at Once:** If you’ve bought a company trading at a value on a pullback of little to no negative consequence, you should already be close to bottom. But the market can and will always surprise you. Large institutions will sell calls or buy puts before dumping a large position, or sell puts and buy calls when accumulating a large position. They know they’ll move the price and they aren’t stupid. They will hedge when exiting a multi million $ position to protect their profit. Which means the stock can trade much lower than what you deem fair value. There is nothing wrong with buying in slowly and averaging down every 5-10% or so. Chances are if you see value others will too. It just takes time to play out. Just like you, institutions have a tough time assessing bearish sentiment, even when it’s created by other institutions. Does someone know something I don’t know? Is this a result of the recent GDP numbers? has the street lost confidence? They ask the same questions you do and the sentiment can go bearish quick. Then it often takes earnings for reassurance before moving back up. Nevertheless, there’s only so low a value stock with promising growth will trade before the game of chicken between big monied institutions breaks and the chase is on. + +**3) Remember the Street is Buying with a Certain Expectation of a Rate of Growth:** You will never be able to assess what the streets true expectations are. The rate of growth may go up when earnings are reported, the rate of growth may go down when earnings are reported. If you are long and the company is in fact growing, it does not really matter what rate they grow so as long as there are no EXTREME negative changes in the rate of growth. A small miss is just a chance to average down and time heals all wounds. + +**4) Do Not Act Surprised when a Company Reports Outstanding Earnings, Good Guidance, and Sells Off Anyway:** Just know what you have and ride it forward. It isn’t unfair. There are a great many reasons the stock could dump great earnings. Profit taking amid high volume, a segment underperforms, the street does not like the future economic conditions etc etc etc. Just know that the market will eventually need to come to terms with the value and growth of the company you’re in and quite often when you least expect it, it shoots up a solid bit. + +**5) Analysts Don’t Know A Damn Thing:** Analysts downgrade stocks all the time and not for the reasons you typically think. More often than not in good companies it’s to save face after the market didn’t turn out as they had planned. Analysts are wrong when they are both bullish \&amp; bearish 100% of the time. And in many cases they have massive conflicts of interest. + +**6) Options are your Friend:** There is no reason not to sell call options for a strike that you deem comfortable enough to lose your shares. If it goes up you sell your shares for your desired profit plus a little premium. If it dumps you get a free dividend and a new unrealized cost basis. And if the stock is trading higher than your desired price why not sell a put with the break even at your desired price? After all you like the company for that price don’t you? If the stock goes up you profit, if it goes down you get the bargain you wanted. What’s to lose? And what to do with that options premium? Invest it into your red positions. + +**7) You’re Down? So What?:** So you’re telling me you’re down 10%? So what? You’ve valued the company, you’ve assessed the economic conditions, you see that the company is profitable, you see that the company is growing, you see that institutions aren’t ditching on a massive scale, there is no bad news, so what’s your problem? You expected to become a millionaire overnight? Just average down and sell the excess on the inevitable pops. Quit complaining as if you’ve been wronged and the market is rigged. You are not smarter than the market. + +**8) If Everyone is Thinking the Same Thing, Watch Out, You’re all Usually Wrong:** The market will always find a way to do the opposite of what you think it will do no matter if you’re long or short. + +**9) There is no Such Thing as a Perfect Stock:** If you’re holding out for that magical company valued to perfection with guaranteed massive growth, you’ll never make money in anything. + +**10) Don’t Over Think it:** You can use the Yahoo finance statistics section for any given stock to read financials, you can see most of the historic news of any stock in the seeking alpha news tab, the bots will alert news before you hear about it on StockTwits, and you can read all sec filings at the EDGAR company search page. 90% of everything you need is here. Don’t over think it. + +TL;DR: May God Have Mercy on Your Soul. 🤣 +Is this the bloodbath the prophecies foretold? + +Is it going to get worse or better? + +Opportunity to buy or time to sell? + +Did OJ do anything wrong? + +Discuss +22/m have 10k saved up and I am going to save 100% of my base pay. Should I invest all the money I get from it for the next 4-5 years or should I play it safe and save in a bank? Or any other ideas? Thanks in advance! +Hi guys. I’m very glad to say I got a raise this new year. 84k (edit: pre-tax) is money I never thought I’d ever earn in my life, but here we are. + +I’m the child of immigrants who came to the US with basically nothing so honestly, I love my parents, but they weren’t able to teach me the important money-related stuff I feel like other Americans are more knowledgeable about. I’m 26 and I only just found out what a 401k is... + +Here are my monthly expenses: + +https://i.imgur.com/1hkM3in.jpg + +I’d like to be able to buy a house someday soon. What can I do with my money? I have about 3K saved up right now. +I’ve got $2000 here, $4000 there, $10000 and $40000 somewhere else. I’m purely hands off with my investments because I don’t have a clue. When I read “diversify your profile” it may as well be gibberish. +When I left a job of 10 years I followed recommendations to consolidate into a Roth IRA and roll the rest over into a regular IRA, but in doing so I took a big penalty. Now I see my retirement savings getting slowly whittled away from annual fees. +I’m now with a new job with a matching 401K or 403B or some such (see? Clueless) and unsure if I should plop it down there or ??? +Any help in simple language appreciated. +Signed, A Money Moron. +Hello! My husband and I are about to receive funds from the sale of our condo and want to start an education/savings account for our unborn child. I'm not sure the 529 option is best for us because I don't necessarily want my child to feel like they have to go to college. I'd like the money to be accessible for other options as well (perhaps private high school, or maybe they want to be a bar tender and get a certificate).... Long story short I'm hoping to find something that won't impact us too much financially and will allow flexibility with withdrawal and usage of funds. Any thoughts/advice is helpful! Thanks! +This shouldn’t fall into soliciting. It’s a financial question to steer me in the right direction of what companies to look into for my personal finance. Thank you in advance. +I don't get it, I don't understand it, rising inflation and stagnant wages is only going to hurt the poorest no? + +I listened to a Planet Money (NPR) podcast a couple of months back and this 2% figure is picked out of thin air by the new Zealand central Bank and has been picked up in other countries as a target. + +Thank you in advance! +In contrast to the rest of the world, Japan’s central bank is buying up bonds and keeping interest rates low in order to fight Deflation. Are prices really going down in Japan? Should we all be buying Japanese goods? Looking for a real world example of what’s going on right now and how to play it as a non-Japanese investor. +Is this legal? I recently quit and they are asking for my credit card back (that has my name on it) for my replacement. So she would essentially be walking around using a credit card with my name on it. Can I get hosed for any charges made on the card or in any way for this? +Who the f\*\*k do they think they are... + +https://preview.redd.it/6t5jb47z2px91.png?width=1436&format=png&auto=webp&s=a211207a1aef6e8d850870d2581476ecb860a568 +###What is happening? + +In what has been touted as the culmination of a multi-year scaling debate, on August 1, 2017 at 6:12pm UTC ([block 478559](https://www.reddit.com/r/Bitcoin/comments/6qy592/478559_found/)) a new altcoin was created from Bitcoin. The new altcoin is known as **"Bcash" (BCH)** or "Bitcoin Cash" (BCC) depending on which wallet/exchange you ask. In order to avoid confusion with actual Bitcoin and other altcoins, we recommend readers refer to the new altcoin as "Bcash" (BCH). + +As with all altcoins, Bcash is technically off-topic for the /r/Bitcoin subreddit. However, Bcash was created based on Bitcoin's transaction history, and therefore all Bitcoin owners should be able to retrieve an equal amount of Bcash with some effort. Your Bitcoins are just as safe as they were before the chain split, but you should take care not to compromise your private keys if you wish to retrieve Bcash. This is not urgent unless you wish to trade immediately. If you choose to retrieve your Bcash, please be aware that consolidating your UTXOs will impact your privacy on both chains. + +In order to help readers navigate this confusing situation and minimize disruption of relevant content, /r/Bitcoin has dedicated this sticky thread where readers can ask questions or leave comments pertaining to Bcash. If you are wondering how to retrieve your new altcoin holdings, please read the discussion thoroughly as your questions may already have been answered. If you don't see a similar question, please be sure to mention your wallet method and preferred exchange so that other readers can help address your concerns. You are also invited to submit new threads to the /r/Bcash subreddit if you so choose. + +If you would like to understand the motives behind this new altcoin, please read [The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet](https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/). + +[A Beginner’s Guide to Claiming Your “Bitcoin Cash” (and Selling It)](https://bitcoinmagazine.com/articles/beginners-guide-claiming-your-bitcoin-cash-and-selling-it/) is a must-read for anyone feeling particularly lost. + +###But I thought we avoided a chain split? + + For those of you who thought we avoided a chain split with the activation of BIP91 a couple weeks ago, here's a very loose summary of what happened on the Segwit (BIP141, BIP148, BIP91) front: + + 1. Bitcoin Core team deployed Segwit (BIP141) last year + 2. Miners refused to activate Segwit via BIP9 + 3. Users deployed UASF (BIP148 by shaolinfry) to require Segwit (BIP141) signaling by August 1st + 4. Miners activated BIP91 (by James Hilliard) on July 20th in response to UASF (BIP148) + 5. BIP91 complied with UASF (BIP148) by enforcing Segwit (BIP141) signaling ahead of August 1st + 6. [Segwit BIP141 is expected to **lock in** on Tuesday, August 8th](https://www.xbt.eu/) + 7. [Segwit BIP141 is expected to **activate** on Monday, August 21st](https://www.xbt.eu/) + 8. BIP148 activated successfully without any chain split + 9. Another altcoin called "SegWit2x" (B2X) may be created later this year, similar to Bcash but with less safety precautions regarding replay protection + +Despite all the progress we're making in scaling Bitcoin both on-chain and off-chain, the Bcash crew has decided to part ways with the Bitcoin project by creating a new altcoin. The key differences are that they are attempting to gut Segwit from their forked client, as well as increasing the deprecated max_block_size attribute to 8MB. + +###Various Announcements: + +[Electrum 1](https://electrum.org/bcc.txt) - [Electrum 2](https://electrum.org/bcc2.txt) - [Trezor](https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f) - [Ledger](https://blog.ledger.co/securing-your-free-bitcoin-cash-stash-d50aff765688) - [Coinbase](https://blog.coinbase.com/update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53) - [Breadwallet](https://breadwallet.com/blog/how-breadwallet-will-handle-bitcoin-cash-and-bitcoin-purchases-during-fork/) - [Bitfinex](https://www.bitfinex.com/posts/212) - [Airbitz](https://medium.com/airbitz/airbitz-and-the-bitcoin-cash-fork-886c62f96d22) - [Blockchain.info](https://blog.blockchain.com/2017/07/30/bitcoin-cash-bcc-hard-fork-means-blockchain-wallet-users/) - [Exodus](http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1) - [Jaxx](http://decentral.ca/jaxx-statement-bitcoin-cash-bch/) - [Kraken](http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/) - [Bittrex](https://support.bittrex.com/hc/en-us/articles/115000808991-Statement-on-Bitcoin-Cash-BCC-) - [Greyscale](http://www.nasdaq.com/press-release/grayscale-investments-llc-statement-regarding-bitcoin-investment-trust-and-bitcoin-cash-20170728-01117) - [Yobit](https://yobit.net/en/trade/BCC/BTC) - [Bitcoin Core](https://github.com/NicolasDorier/BCCSpliter/) - [Bitstamp](https://www.bitstamp.net/article/bitcoin-hard-fork-our-position/) - [Mycelium]() - [GreenAddress]() - [BitcoinTalk](https://bitcointalk.org/index.php?topic=2059111.0) - *(Reply in comments to add other services)* + +###/r/Bitcoin wishes Bcash a happy farewell and the best of luck in their new venture! +[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/) +*Clinton's plan specifically seeks to double the period of time for the 39.6 percent top capital gains rate (from up to a year to up to two years), and then institute a sliding rate scale until assets are held for more than six years.* + +[Link](http://www.cnbc.com/2015/07/24/hillary-clinton-proposes-sharp-increase-in-short-term-capital-gains-taxes.html) +They say we have to transfer because: + +> "If you would like to pay your rent via direct debit, even if you have an existing direct debit with us it will no longer be valid as it is non-transferrable between financial institutions" + +It sounds like they should've thought that through and they can have fun explaining the situation to their unpaid customers. +I have been an investor in Bitcoin for since 2012. I owned a lot. The operative word is "owned". I have since sold all of my Bitcoin in favor of Ether. + +Many years ago (before the internet was where it is today) I had a group of seniors come to me to help them collect on some money from a foreign entity. It turns out they were all scammed in the old version of "you have inherited... emails" + +These poor people could not let go of the fact that their belief/dreams of being rich were based upon a scam, and in fact when I told them that they fired me. Many years later I met one of them and he told me that in 2015 they gave up trying to collect and gave up trying to get their money back. + +I tell you that because I see many similarities in the Bitcoin community. I am not at all saying that Bitcoin is a scam, its not. I am however saying that people can't let go of their dream that Bitcoin will become the world currency and consumers will start using it. + +Bitcoin has not succeeded. Ask yourself who is actually using Bitcoin? Are you using it to purchase anything? Now ask if your friends or relatives are using Bitcoin? I think most of us will answer no. You see Bitcoin does not offer anything of value to consumers. Its difficult to buy, and its useful in very few places. When it is useful, its no more useful than using a credit card which carries consumer protections that Bitcoin does not. + +One of the reasons that Bitcoin is even sustaining its price right now is because it is the main way in which people are buying Ether. Once more exchanges add Ether to fiat pairing, Bitcoins days are numbered. It gives me no satisfaction to write that, but nevertheless I believe its the truth. The only use Bitcoin has right now and in the future is as a store of wealth. Its utility is virtually nonexistent. Currency needs to be valuable for reasons other than its a currency. That is why Ether will take over for Bitcoin. Ether will have a purpose other than a store of value. It will be used for gas, and staking. + +My bet is that within 90 days of larger exchanges adding ether/fiat pairs directly, Bitcoin will drop below $250 and from there will decline in a slow death spiral. All the attacks on my post, and ether in general, won't stop that from occurring. + +Also, I read somewhere that there has been a tremendous movement of Bitcoin to Poloniex and Kraken. If that is true mand I am trying to verify it, why those two exchanges? Answer: they both offer Ether Bitcoin pairing. + + + +https://www.virustotal.com/en/file/f7d951e056d7f0f19b15204ccf67e9c1de36a61a06dfbc7e111a7aca2ecfb5fc/analysis/1473590834/ + +http:// monerochart.com site looks great, smelled fishy to me, and voila: MALWARE! +Context: + +* age: early thirties +* liquid assets: 3m mostly in stocks in a taxable account +* home equity: 500k, mortgage paid off +* salary: $1m +* location: medium CoL metropolitan area +* yearly spend: 100k + +Considering firing in the next couple of years, but the biggest worry is a short-medium term economic downturn that could significantly cut into the nest egg. Putting more into bonds seems like the plan for the next couple years, but wanted to get some thoughts about what's a "reasonable" allocation for an early fire. + +EDIT: maybe a bit off the original topic but if any people have experience going through the last couple big market downturns, would love to hear about that. +Considering buying or building on MV or Nantucket, especially with the current situation the city just doesn't have the shine it used to and I can take my current work remote. I think we would keep our apartment in the city and split the year. + +I've been to both for visits but was curious if any out there have a strong opinion about one vs the other. Heavily leaning towards the Vineyard but thought it could be a fun discussion for anyone who frequents either. +I’m a gen Z who just got my BA in Economics a couple months ago and have been following GME very closely since JAN. I don’t think Kenny understands that many Millennials and gen Z’s realize the economy we inherited is fucked. I along with many others have mental health problems due to the fact of feeling like we have a helpless future due to inflation, housing prices, minimum wage, tuition costs, the list goes on and on. GME is a chance for us to change our future. I don’t give a fuck about selling a couple shares on the way up to pay off my 50k student debt, what does that really help me in the long run? Nothing compared to the chance that GME presents. + +Side note to hedgies..you realize with depression I don’t feel anything if the price goes up or down so I don’t think diamond handing will be too difficult when I’m hodling for a future I’m actually excited about getting out of bed for. Ape stronger 💪 +[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/) +I have seen a lot of posts, including rensoles morning news claiming the record date of the share recall to be 4/20. However, multiple brokers have verified the date to be 4/15. GameStop and RC cant confirm this until Saturday at the earliest due to Texas law stating it cannot be announced more than 60 days prior to the shareholders meeting, but I suspect it will be Sunday or Monday. + +**YOU MUST RECALL YOUR SHARES BEFORE THIS DATE (4/15)! DO NOT PROCRASTINATE IF YOU WANT TO BE ABLE TO VOTE IN THE UPCOMING SHAREHOLDERS MEETING.** + +This also has the added benefit of forcing anyone who has borrowed said shares for the purpose of shorting to return them. + +[E-Trade](https://imgur.com/a/kW4vQnj) + +[TD Ameritrade](https://imgur.com/q99378Y) + +[Wealth Simple Canada](https://imgur.com/ai6Duju) + +Edit 1: [Questrade](https://i.imgur.com/BxuZ3GX.jpg) Thanks to u/87CSD for this screen shot showing another confirmation. + +[Take a look at the time on the clock from this shirt that dropped yesterday.](https://imgur.com/a/QJqwTfw) + +# You are responsible for recalling your own shares through your broker, this does not happen automatically! CALL THEM OR USE THE ONLINE CHAT FEATURE MANY BROKERS HAVE! This will take 10 minutes at most! + +[What is a share recall and how does it work?](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +*This is not financial advice, just information for you to do with what you will. As for me, I like the stock and will obviously be recalling my shares so that I can vote in the upcoming shareholders meeting.* + +&#x200B; + +Credit to this post for explaining and compiling this: + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +&#x200B; + +Edit 2: [Reminder for wealthsimple Canada to turn on shareholder communications](https://www.reddit.com/r/Superstonk/comments/mnibmd/share_recall_record_date_is_415_not_420_make_sure/gtyfds2?utm_source=share&utm_medium=web2x&context=3) +I am not a wealthy person by any means, but Bitcoin has helped. + +I discovered Bitcoin via a post on overclock.net on April 27th, 2011. I believe the price was about $1.50/coin then. I read the posts about people mining them, did some research, and immediately started my Radeon card mining them. I had a 4770 back then. + +There was an exchange to sell Bitcoins for linden dollars (Second Life currency) and then I could sell those for paypal dollars. Within a day I had proven to my wife that I could make money with this Bitcoin thing. Despite us being in a position where we couldn't even pay our credit cards, I took the $1100 we had and bought 4 5850's, some power supplies, and some cheap craigslist computers. I figured that if this whole Bitcoin thing failed miserably, at least I had some decent computer hardware I could resell and recover most of the cost. I immediately sold one 5850 for greater-than-market value since they were in demand and I needed the money, and started the other 3 mining. At one point, I was mining nearly 8 coins a day. I bought a few more cards as time went on and continued GPU mining for as long as it was viable. + +This whole thing saved us financially. I was able to sell the Bitcoins and settle on my unpayable credit card debts. I held on to a few during the crash but managed to sell most of them at $10 or more, fortunately. After that I started saving them, since they were worth so little. I bought some of the early BFL FPGA miners, the ones that were measured in MHashes not GHashes. After mining with those for a while and then selling them to someone who wanted them more than I did, I had more than 450 BTC. I took the plunge and pre-ordered BFL's latest offerings, the 60GH singles, the day they were available, becoming one of the first on the preorder list. Little did I know I would have been much better off just holding those coins... + +Regardless, I did eventually receive those singles, and managed to get about 225 BTC out of them before they were no longer worth running. I've been slowly selling the stash as we needed for remodel projects around the house and for miscellaneous expenses, though I finally no longer need to do so, as we've been able to pay off more debts and have more income than expenses each month. Now I've got a nice pile of savings, and I'm hoping to someday be able to use it to buy a better house in a better neighborhood. + +I generally don't tell people that I have just about all my liquid assets in Bitcoin, as they would call me crazy. They might be right. But it's a risk I'm willing to take. I do have some equity in my house, and some retirement accounts, but neither is worth more than my BTC stash. + +So that's MY story, what's yours? +Anti-Solar bill AB 1139 was defeated today, rooftop solar stocks to rebound. The bill was introduced on Feb 18th and defeated on June 4th. In this time period, solar stocks have seen dramatic shorted, over 20% of float being short. I expect a huge jump in share price back to late Feb Early Mar highs. +I have read quite a bit on here and elsewhere on the 4% rule but very little about how is it done is practical terms? If it is explained elsewhere I can't find it. + +**Assumptions** + +* I have hit my FIRE figure, quit my job and now ready to live solely on my investment income. + +* My portfolio is USD 1,500,000 fully invested in one index fund (VTI) and dividends have been reinvested. + +* Income Tax in 40% and Capital Gains is 30% (For simplicitys sake) + +**Questions** + +1. Do I stop my automatic dividend reinvestment? (presuming yes) + +2. How do I take out the 4% from my portfolio in practice? + +3. How will I be taxed (CGT & Income Tax)? + +I wanted to post this last night, but I had no idea how to make a post with multiple images and I was too drunk to learn, so sorry for the delay. plus, I thought someone else would have tackled this by now but, whatever. +Anyways, I took screenshots of the last time the DTCC put out a haircut change, Oct 25, and yesterday’s announcement, side by side. Also, the formatting on each announcement was different, so I did my best to line them up so you could see what was going on. Old one is on the right, new one is on the left. Here is the result- + +&#x200B; + +https://preview.redd.it/37oo9ochxow81.png?width=2224&format=png&auto=webp&s=6c6c49310fcd36ba2306c8d080e8447ff42165c4 + +https://preview.redd.it/krnusnchxow81.png?width=2224&format=png&auto=webp&s=2a557d70489e9c1fe59be58f2d3a897a41724e8b + +https://preview.redd.it/6ygjdnchxow81.jpg?width=2224&format=pjpg&auto=webp&s=a3ba86fb0dffaf338995de85d362be278ad8417b + +https://preview.redd.it/maoyrnchxow81.jpg?width=2224&format=pjpg&auto=webp&s=9d4143c95d2773e4affcf7741b0452fd6af42c05 + +https://preview.redd.it/c9355nchxow81.jpg?width=2224&format=pjpg&auto=webp&s=64f8e3d3259376ee3457abd2541065c05241861f + +I don’t have links, and I am too tired to find them. Just google haircut changes for DTCC and you will find both. + +I still know that MoASS is tomorrow, I just know that this is not the reason. + +Edit: more sober grammar changes +So, I often get PM's from guys asking for advice or to be a mentor to them in someway. So I asked 1 of the mods last night if it would be cool to throw a job/intern offer out here onto the sub and see what happens. Who knows, maybe it takes off and it's great for both parties, as well as the sub if we were to do updates and ad cool info ...... or maybe it fizzles into a quick death. + +a little bit about me: + +I've bought/sold/flipped a few thousand houses in the 90's + +I've built a few neighborhoods/town homes/warehouses/ mansions + +Currently own a few thousand units, warehouses, office space, flex space, medical buildings, land, and constructing a few hundred units + + +The job is in Georgia. You would be my eyes and ears on a 300+ unit rehab project. Basically run around all day walking units, keeping track of the various crew's progress (you wouldn't be running the actual crews, just staying on top of their progress), put your eyes on whatever I need to see at that moment, etc etc. It would obviously help if you have any kind of construction or rehab experience but if you're hungry enough, I'll listen to what you have to say. Pay will depend on your level of experience as well (figure $500-1500/week to start). You'd live onsite rent free. + + + +I'll be in town 2/4 days a week to follow up and see how it's all going (as well as on the phone with you daily). When I'm in town we will go over all things RE Investing. I'll lay it all out and you are free to ask whatever you want. From what you'll learn on a day to day basis, to what we go over when I'm in town ..... you should have a pretty good handle on how to invest in your own deals (from financing,to site management,to handling people, to seeing how it all gets done). You'll hustle your ass off and get an invaluable education at the same time. I like to work very hard while laughing my ass off, so be ready for both. + +I'm sure I'm missing something obvious as I'm rushing to get this out but let's get the conversation going and see what comes of it. This is for now !!! + + + +EDIT: I'll be calling everyone back tomorrow !!! + +UPDATE : Ok so I got someone from this sub, who will be moving onsite this weekend. He'll knock it out of the park. +My parents (in their 60s) want to sell their home after living in it for about 25 years. They bought the house for about 300K in 97' and have the potential to sell it for over a million now. + +My parents are retired and are living off of social security so their income is pretty low. + +They are trying to find a place that will sell for the price that they will sell their house. However, they found out about Capital Gain. After some research they calculated their Capital Gain tax came out to a whopping 250K. So my question - is that normal? Is it possible to avoid such a high tax? If not, what are the options to reduce the high number? + +NY based, if that helps. + +Thanks in advance! +My house’s break panel blows out pretty often. Even just using the microwave and toaster will cause it to go out. It’s going to cost about $7000 to fix it and have it upgrade from 100 to 200amps. Will this increase the value of home at all? + + +Edit: is this fair? I live in SoCal + +Description of work. + +Install one 200 amp panel, to replace existing 100 amp surface mount main meter panel, +Install all new breakers and reconnect all new pipes to tha new panel, +Create a new grounding system to properly ground new electrical panel run #4 wire from new electrical panel to the main water hose, How do you spell two ground rods to support grounding system............$2750 + + +Run 1. 70 amp circuit from main panel to Garage and install 1. Sub panel 8/16 Spaces we will run new 1” conduit all the way from new panel to new garage $1975 + + +Install 1 60 amp circuit for Tesla car inside garage with a Nema 1450 outlet $475 + + +Install 1 20 amp circuit for garage door opener $175 + +Install one circuit for exercise equipment $175 + +Install one, 20 amp circuit for outlets in garage and installed 2-3 outlets out of that circuit $350 + +Run 1. 15 amp circuit to properly re feed existing lighting inside garage and outside garage and rewire lights $350 + +Provide and install two LED 4 foot lights inside garage with a new switch leg $350 + +Run install one new 20 amp circuit for office and add 2 electrical outlets on tha same room ,$620 +For this work we might need to cut some drywall which we do not patch + +Run 1 20 amp circuit for microwave on kitchen counter $280 + +Total estimated labor and material $7500 + +Edit 2: I really appreciate all this insight and discussion. I didn’t expect this. As a new investor this has been really informative and will pay dividends in my long career as a real estate investor. Thanks everyone. +I just got denied an invest mortgage from Ally. + +No idea how but tell me how? + +Income: $50,000/year. + +Debt: Absolutely none + +25K liquid Assets + +They pulled my Credit Score and even said 788 was high. + +Property Info: + +House Value $70,000 + +Down Payment of $20,000 + +What am I missing? I’ve been working the same job for over a year, never missed any payment or anything. Any suggestions on where to find another home loan? +One of my 2022 goals is to buy a rental property. Looking to spend $250k max, not trying to get rich on this, but rather use as a learning opportunity and hoping to snowball other rentals over the next 10+ years and just see where it all goes. + +I am in the Houston market, but don’t have the capital to purchase a home “in Houston” ($250k will buy you a crack shack). I am planning to BRRR a property within an hour of Houston. + + +How do you guys go about deciding on “the best suburb/area” to invest when looking outside major cities? How do you determine “ok area X north of Houston has a much more favorable rental/investment market vs area Y southwest”. +I have looked at St. Louis, MO as a possible candidate because of the prices there, but I don't simply want to throw a dart at the map. What factors should I consider for multi-family investing? I plan on using a property manager of course, but where can things go wrong beyond the purchase and tenancy? +I'm moving out of a house I own. I considered selling, but I'd like to explore renting as an option. I'm in a position where I could afford both my new residence as well as my current one. The current residence is approximately 25 minutes away, and roughly 15 minutes from where I work. + +The houses in the area of a similar size are listed to rent for ~$1,400/month. My mortgage is just under $1,000, and I have less than 20% equity. + +It seems like a good situation to explore renting it as an option. What things do I need to know? Is a management company worth it for a single property? +Good Morning. I hope everyone had a great holiday weekend. + +Over the past few weeks we have started to see a continuation of two things: + +* An increase in subscribers + +* An increase in posts. + +Both of those are great and what contribute to a great, mature subreddit full of intelligent individuals. Although it is our goal to continue growing this subreddit and have it be as open as possible to financial topics, we must draw the line somewhere. We do not want this sub to become the cluster fuck that is r/economics. + +That being said, we have added a much more clear and concise rule to the informational side bar located to the right: + +>Questions regarding loans, refinancing, mortgages, credit cards, investing and anything else that may be related to personal finance should be directed towards the subreddit r/personalfinance. We have provided the link to that subreddit below. + +As you can see it clearly outlines how we, as a community, feel about personal finance. There is a specific sub devoted to topics such as those. Please do not submit topics that are geared towards personal finance. The people in this sub are not interested in personal finance, despite the fact that they will help you anyway. + +Submissions that are centered around the topic of personal finance will be removed. + +If you have any questions or concerns about this, please feel free to voice your opinion. + +Thank you for your continued support and help in making this the most intelligent and mature subreddit on this site. + + + +Dallas Federal Reserve Bank President Robert Kaplan spoke on Friday: + +"We are now at a point where I'm observing excesses and imbalances in financial markets," + +Kaplan pointed at: + +historically elevated stock prices +tight credit spreads +and surging house prices + +And recommends: + +"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting ..." purchases os the Fed's $120 billion in monthly bond buys + +Pretty much all of the talking-head Fed officials have been falling into line with Powell on inflation being transitory and there will be no trimming of monetary stimulus any time soon. + +Kaplan and Vice-Chair Calrdia are the only ones, recently, who have stepped out of line. Kapaln said similar last month as well. + +Kaplan's comments are getting some notice across early NZ and Australia, raising a few eyebrows. + +He even went further and said (again) he believes the Fed will have to hike in 2022. + +Of course, he is a lonesome voice right now. + +https://www.forexlive.com/centralbank/!/icymi-feds-kaplan-broker-ranks-wants-to-talk-about-tapering-20210502 +**Background:** I sold all my ETH at $780 right as the rally started, expecting to buy back in a bit lower. I have spent the last few days literally in physical pain agonizing over this decision. It kills me to have to buy back in at such inflated prices, so I wanted to know how likely it is that I will get another buying opportunity (ie a big dip) if I wait. + +**Methodology:** I downloaded ETH historical closing prices for the last year. I then graphed the number of drops over 10% and sorted the frequency by month. These charts show the number of sustained downward periods in increments of 1, 2, 3, and 4 days. + +**Limitations:** These are day-over-day drops, so the numbers are lower than you would expect (only looks at prices at end of day, so if the price went down 40% during the day, but moved back up 35% an hour later, it will not be captured. It is just a limitation of the data available). + +I expected to see more 1 day drops per month, but I guess most of the sharp drop-offs are intraday and recover a reasonable amount by end of day. For example, the drop in December is only recorded at -16% in one day because the worst of it happened in the middle of the night, then bounced back $100 shortly thereafter. This data just shows general price trends. It shows that a large drop happened. + +**Results:** https://i.imgur.com/vkpqrYY.png + +**Data Sheet (for reference):** https://i.imgur.com/GzwcgoC.png + +**Conclusion:** I am pretty much fucked. Seems like we get a very sharp drop once every 2-3 months, and a sustained correction ~once a month. Waiting for a crash is not the best option as I could be waiting a long time. It is better to look for several days of consecutive decreasing value and buy in then. Everyone who told me to hodl was right. + +Hi HODL'rs! First off: I think that Maker and Dai are amazing projects with tons of potential, and I've greatly enjoyed watching Dai remain stable through the recent correction. Also I've personally opened a CDP and leveraged ETH, which while somewhat of a steep learning curve was both fun and (so far) beneficial for me personally. Put simply, I'm a believer and supported of the projects. + +Having said that I often see what I believe to be a potentially dangerous misconception that borrowing Dai against ETH is a tax-free process. The rationale there tends to be "I'm not selling ETH, I'm using it as collateral! And since I never actually sell it I won't have to pay taxes". + +This is almost certainly incorrect. Reason being, in order to take out Dai against ETH you must first convert ETH --> WETH and subsequently WETH --> PETH. Both of these are transactions on the blockchain and unfortunately for US-based investors, as of 1/1/2018 both of these transactions trigger a taxable event. And it gets worse because when you shut the CDP you will do the same, in reverse: PETH --> WETH --> ETH. + +IMO the greatest user-facing improvement to the Dai platform would be for ETH to "magically" become ERC20 compliant and for Maker to do away with the requirement for PETH (disclaimer: I have not done a deep dive on why PETH is a requirement and acknowledge that this scenario may not be plausible). Whatever it would take to avoid any kind of conversion from ETH when borrowing Dai. + +**EDIT**: based on the thoughtful replies so far -- The IRS does not view a crypto/crypto swap as an **exchange** as of 1/1/2018, they view it as a **sale/purchase**. If the sale side results in your realizing gains (or losses) then you will be taxed accordingly. Also, thanks for the downvotes. :/ +So I’ve reached the stage in trading where I have a set strategy along with setups I need to take. At this point I’m just trying to dial in my strategy and improve my consistency. I review my trades, read books, and review setups that occurred in the market during the day, but I wanted to know if there was anything else I should be doing outside of those to be able to improve daily. +For the experienced traders out there. How did you feel when you discovered that it is indeed true that not every strategy works. And that you should really find out what works for you. + +I’d love to start this discussion in the comments!🙌 +# TL;DR + +For the past **year,** I have been trying to transfer an old pension from a previous employer to my SIPP. The system is a joke and in need of overhaul. + +# Boring details that illustrate how messy and confusing the existing pensions infrastructure is + +I have a Vanguard SIPP that I transfer old pensions to when I move jobs. The old pension was with AXA and I was invested in the Aegon TargetPlan under Aegon WorkPlace Pensions. But this has no front end because it no longer exists - Vanguard tried to identify the correct scheme using "Origo". Turns out the pension - my pension - was transferred to Willis Towers Watson in Nov 2020. + +Who, guess what?, have no front end so Vanguard submit a transfer request for me using Origio, which I'm now guessing is some type of pension-search platform for providers. But they can't find it, so they send the request via email. + +Only I have moved house since I worked for AXA so I have to call them (they didn't respond to my emails) to change the address on the system. Just to transfer the pension out of their system\*.\* So I do this. I call them. Well, I try - they don't actually seem to exist and I can't find a number anywhere, Vanguard have to give me one. + +And I wait. And I get frustrated with waiting so I complain to Vanguard who demonstrate it's not their fault by relaying the following series of events: + +"On 24th November we resubmitted your request as you had now updated your address with your current provider.15th December we sent a chaser email to them as we hadn't received a response to the new request.22nd December they emailed to inform us that they issued a quotation to you on 22nd November and in order for them to move forward, they needed transfer out forms completed and returned.30th December we received paperwork in the post. Due to the holidays, the paperwork was reviewed and completed on 7th January and posted back to your provider.28th January we sent a chaser as we hadn't heard back since posting the forms and on 6th February they sent an email response to say that they hadn't yet received the signed forms. We resent the forms again in response to the email and also in the post to them." + +As you can imagine I was not overjoyed with this information. + +As if WTW could somehow perceive this annoyance, I received a letter from them the very next day. Like a spoiled child on Christmas, I tore open the letter as quickly as possible, anticipating a transfer confirmation and an end to the ordeal. + +But WTW had other plans. Apparently, I had to fill out some stupid f\*cking HMRC anti-scam *documentation* and *post it* back to them like it's 1927 or something. And I do - the form is basically the equivalent of "Are you sure no one is holding a gun to your head forcing you to do this transfer or someone has promised you a Lamborghini Huracán for making this transfer?". + +A couple of weeks later I get an email from WTW telling me they've sent the payment and a week after that Vanguard notify me that the transfer is complete. + +# The point + +The current pension system is not fit for purpose. People are moving jobs more often, meaning more pensions and more convoluted transfer processes. + +It's not uncommon for someone to have 5 jobs before the age of 30. This means 5 different (maybe) sets of login details with 5 different providers,  5 different investment portfolios to construct from 5 different sets of investment choices, 5 different analyses to be conducted over fees, options, etc., 5 different systems to become familiar with. + +And that isn't even considering the growth in part-time work and self-employment. It's a mess, even when you transfer straight away to a SIPP. Some companies, like [PensionBee](https://www.pensionbee.com/) and [Penfold](https://getpenfold.com/) are trying to fix this, but these are hacky fixes. The root of the problem is that the pension system was not designed for the modern workplace. + +I would like to see a SIPP-based system in which employees choose a provider, and have 1 provider at a time, and employers simply transfer contributions to that one provider. The self-employed can then contribute to this pot tax-free too. You can sort of replicate this by [choosing cash allocation in your company pension and immediately transferring to a SIPP](https://www.perpetualprudence.com/pensions-how-we-got-here-and-where-were-going/), but this can hurt you if you stay at one employer for a long time. And you still have to go through the transfer process, which is what I'm ranting about here and trying to avoid. +Hello everyone! + +So long story short, I quit my job to be a stay at home mom. While working I was putting 10% of my paychecks into my 401K. Now that I'm not working obviously there's no money going into the account. I must have put at least $1000 into the account during the time I was working. I've been thinking about taking the money and depositing it into my husband's 401K since he makes all the money now. I've also been thinking about taking the money and investing it but I just don't know where to begin! + +Any help on what to do with the money is greatly appreciated! Thank you! + + +Edit: Thank you everyone for all the responses! I appreciate everyone taking time out of their day to help me! + +The market is crashing, inflation is running, hedge funds are getting liquidated, MSM is turning on SHF, dark pools are very real. All of these things Superstonk predicted or warned about, and all the while we were mocked along the way. We held tightly to our evidence-based analyses and to the truth in the face of constant belittling, media spin, and scorn from the mainstream public. We don't need to laugh in their face and say, "Told ya so!" but I do think it would be worthwhile to reassert our credibility by keeping a bank of all the major events we called out in advance. We could then vote this bank to the top of r/all to show the average redditor we weren't wrong, just early, and we're just getting started. +My husband and I both work in the international sector in Europe. It was absolutely never our plan to end up in the situation where we are now. Together we earn about $190k/year. We do not pay income tax. We are exempt in our host country due to the nature of our work, and our employers reimburse us for U.S. income tax. + +Our monthly income is $15k. + +Our expenses per month are: +$2,050 for rent +$130 for transit +$400 for groceries +$250 for lunch +$150 for going out +$300 for travel +$100 on average for clothes + +We fly home twice a year, so annual travel is probably about $4,000. We have no debt. We paid cash for school because of scholarships, studying at public schools, and always working. We both maxed our Roth IRAs for 2014 and 2015. My husband has a generous retirement plan that will pay out in cash when he leaves his current employer, but I'm an independent consultant with no employer-sponsored savings plans. We have $70,000 in savings accounts. + +Three years ago we moved here so I could do a masters, and at one point almost had to move back to the US because we couldn't find work. In the span of a few years the situation is completely different, I'm not prepared for this. We were both raised in extremely frugal homes, for which I'm now so, so grateful. Buying something just because I can has never been a problem or a temptation for me. + +I know I must sound like such a brat, and of course I'm so lucky for this to be my financial problem, but it does make me anxious. I don't expect this gravy train to last forever, and I need help to make sure we don't waste this opportunity. Any and all advice on how to save or invest is very much appreciated. For example, is opening a self-employed 401k a good option? Thank you! + +Edit 1: formatting and adjusted expenses after more thought. +Edit 2: Thank you so much for the thoughtful replies. I'm trying to respond when I can. And yes, I realize I'm a colossal ass for posting this thread; I expected a total of one or two replies, probably about 401ks. Sorry. +Edit (since I wasn’t expecting many to actually read this): you can store your coins on an exchange when investing / with the intent to sooner or later flip for fiat gain. If you’re buying crypto to get away from centralized control over and custody of your finances, movements, and life you absolutely should not keep it on an exchange - it entirely defeats the purpose of cryptocurrency. Andreas Antonopoulos (u/andreasma) dropped some great knowledge in the comments, I recommend checking out some of his videos (like this one https://youtu.be/ZTrETLzdDTM). Crypto is a revolution in financial autonomy, and we’re seeing the importance of that grow every day in many western countries. But crypto is also used as an investment vehicle, and that aspect of it is more what I was attempting to speak to. I didn’t put much thought into what I thought would be a throw away post, and some people made some very good points (e.g. paper wallets are not nearly as secure as I’d lazily assumed), but to clarify - imo you absolutely should not use exchanges in place of cold storage. I was only trying to point out that, for the purposes of investing, exchanges are (imo, and many disagree) safer in the short/medium term than they were 10 years ago. + +—— + +Over and over i see people repeating the mantra “not your keys not your coins.” “NEVER store crypto ok an exchange.” Yea storing your coins on exchanges runs contrary to the idea of crypto as decentralized currency and being your own bank. And not your keys = not your coins, sure true. But if you’re in this space to invest there isn’t really a good reason to not store your coins on reputable exchanges. + +This isn’t 2013, coinbase isn’t mt gox. These are large, some soon to be public corporations. I’d argue that the chances you lose or forget your seed are higher than the chances that Gemini or CB suffer a massive hack and can’t/won’t make customers whole. + +That said, I’m a big fan of spreading out your crypto to be on the safe side. A couple paper wallets, a couple exchanges, maybe some cold storage for some coins. That way if you forget your seed or an exchange does get hacked (it won’t), you don’t lose everything. +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? +Bought my latest parcel yesterday, as per my usual schedule. + +Who else here is continuing to buy as normal? It's pretty gory out there but I'm holding fast. +It was mid-March — in the depths of the corona panic — and I was in our weekly editorial meeting. + +Something weird was happening at Barefoot. While the headlines were full of people hoarding toilet paper, we were seeing a huge spike in people asking me how they could buy … shares? + +A few weeks ago ASIC solved the mystery: + +The regulator found that daily share trading volumes exploded during the lockdown, driven by a “sharp increase in the number of new retail investors to the market – up by a factor of 3.4 times”. + +The same thing has been happening the world over, as virgin investors try their luck trading. In the US, the three biggest brokers signed up over 1.5 million brand-new customers in the March quarter alone. + +Where are they getting their money? + +Well, “trading stocks” was cited as among the most common uses for the recent US government stimulus cheques in nearly every income bracket, according to CNBC. + +So are they little lambs to the slaughter? + +Heck no, these first-time traders are swaggering around like big daddy rams! + +This week the S&P 500 had its biggest 50-day rally in history, climbing a staggering 37.7%. + +And that’s ... + +Despite the largest global economic downturn in our lifetime. + +Despite record unemployment in the US, with 40 million people out of work. + +Despite rising trade war tensions between China and the United States. + +And despite the largest civil riots since the 1960s. + +One more time … what the hell is going on?! + +Well, share markets around the world are being driven by two acronyms: + +FOMO (Fear Of Missing Out), as the US Federal Reserve does everything it can to prop up asset prices. + +And TINA (There Is No Alternative), with interest rates low … where else are you going to put your money? +My parents opened up to me recently that they’re locked into a timeshare until 2081 costing them over $1000 a year they can’t afford. +I looked over everything they had and started researching the company myself. +I decided to reach out to the company myself to try resolve this and see if there was any way to cancel. The internet made it clear we’d have no chance unless we were able to sell it to someone else. +I am sooo happy to say that I received an email today confirming that we will be terminating their account with no further payments!!! Yay!! + +Edit: silly me for not including how I achieved it, I was just so happy I wanted to share 😅 + +I called asking to cancel and submitted a complaint when they said no can do. +I researched the company while they got back to me and found that they went up against ASIC and were found liable of pressuring customers and not providing all information relevant at time of sale and were massively penalised. +Once I got the email from their complaints team saying that they’ve spoken to management and it’s still a no on cancellation; I formed my response. + +I mirrored wording I’d seen in the complaint from ASIC when detailing my parents experience and want to terminate their contract. I requested documentation my parents claimed they’d never received and asked for the escalation process or if they suggest I escalate the complaint externally. + +We received a response the next day dismissing our concerns since it’s been so long BUT because of the extent of our dissatisfaction, they offered either an excessive amount of points towards the timeshare account or immediate termination. + +Suffice to say we jumped at the latter. +Reviewing my retirement account I noticed that there were no contributions s made to my account since Dec 2021. The deductions have been made from my paycheck. I questioned the woman who is in charge of this in our office (dental office under 20 employees) and her response was “Yeah we’re behind on that”. This is not the first time there has been long gaps between contributions. +Im looking for advice on how to proceed. + +Edit +Wow I wasn’t expecting so much attention to this post. Thanks for all of your responses! I plan to speak to the Person in charge of the 401k contributions and the Dr. tomorrow. I just want the situation corrected, I don’t want to take the nuclear option. I have been with this office for over 20 years and a lot of ups and downs. I’m not ready to leave over this. +I don't know about you other apes but I feel like we were getting some real traction especially outside of Superstonk around how German Brokers and BAFIN were calling out DTCC and then suddenly we are inundated with HKD posts which could even serve to lure unsuspecting retail into bag holding. +Remember: Many companies have 4-6 year vesting periods in order for you to keep 100% of what they match on your 401(k). + +Research has shown that job hopping is the best way for you to max out your salary long-term, but if you’re going to do that, make sure to fully fund your retirement *with your contributions alone*. + +The current consensus is that you need to put away 12-15% of your income each year in order to fully fund a retirement **including your company’s contributions**. + +If your job hopping means that you have virtually no company contributions, take the hit and put away that entire amount yourself! + +Your retired you - and your family - will thank you for it. + +I've won green card lottery and I'm moving to USA from EU, Poland somewhere around November. I am in my early 30s, my wife is in her late 20s, I'm working tech, she does middle management. We havent settled for any certain state yet. +What topics should I be aware off, financial wise? I've heard about 401 and probably some other minor stuff, but I would really appreciate some guidance. + +p.s. of course I know to read the sidebar and faq, however I'm most interested in topics that I should deal with immediately after coming to US +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. +Thanks to everyone who helped with our last topic: "What should people know about CHIP?" + +In continuation of our communal wiki build, today I would like to know: **"What povertyfinance recommendations do you have for clothes?** Where do you get them? How do you care for them? + +As a reminder, **I'm posting a topic on Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improving our community. +I briefly talked yesterday about Tesla's market cap and how it was absurdly priced and honestly felt like gambling to me. However, APPL is somewhat overlooked as well and I wanted to hear your guys' thoughts on it! + +Apple's Market Cap as of right now is 2.3 Trillion ([Source](https://ycharts.com/companies/AAPL/market_cap)). On August 20, it was 2 Trillion. It has added 300 billion in about 10 days - without having added any products what soever (primarily due to the stock split). + +In April of this year, it was 1.1 Trillion or so. It has since doubled since that time, so much so that it is the size of the GDP of France ([https://www.statista.com/statistics/685925/gdp-of-european-countries/](https://www.statista.com/statistics/685925/gdp-of-european-countries/)) + +Now, I am all for Apple devices and services. They make some of the best products ever. They have crazy high margins and once a consumer buys an Apple device, he has to buy other ones due to the seamless integration it provides (biggest selling point). It is now getting in more markets such as India with its' new iPhone SE 2, but I am somewhat skeptical on its' valuation. + +I feel like people are buying AAPL due to its security - it has always gone up, so it will always go up - and therefore, it's safe to park their money there. Some are even likening it to Treasury Bonds - that it's better to put your money in AAPL stock because it's *safe* and because it's so big, it won't fail. + +I wanted to know if AAPL is overvalued/overpriced or not? I know the first 5G iPhone is coming out and it will have an impact but still, are people putting too much blind trust/faith in AAPL? + +Thoughts? +**TLDR -** + +IV is being crushed heavily, soon enough we will start seeing call options go for cheaper then we've seen in a long time. People have a chance to stock up on weekly calls, this will cause Market Makers to have to stay delta neutral, buy more shares, and then the chain will begin. This could not happen before due to the IV being extremely high and calls being extremely pricy for us, however now is our second chance. + +&#x200B; + +Lets take a look at how the week has gone so far.. + +Dry volumes, travelling sideways, and people ready to make loads of money off calls. + +[\(Volatility drying up, like this we will begin to see lower premiums\)](https://preview.redd.it/vezrn8xowlr61.jpg?width=1451&format=pjpg&auto=webp&s=ae5e8e2acb59c8e49ba47173d490f58a628cf069) + +**BUT OPTIONS FOR GME ARE BAD!** + +Not anymore, Options were bad a while ago when we had high premiums and IV was awful for us. As of lately, we've been crushing IV and maintaining this this max pain $190 value + +[Max pain of $190 kicking forward for this week](https://preview.redd.it/eefm3dl6xlr61.jpg?width=1656&format=pjpg&auto=webp&s=ff547cf6fe1ea83caaec68612879484ae8be2384) + +As the IV gets crushed, call options become cheaper again. If people were to begin having weekly calls on GME, we could start seeing January level momentum again. + +&#x200B; + +**WHAT IF SHORTS START USING THIS IV?** + +Now that MM's and HF's are not able to re-short the same stock (LEGALLY) (not including loopholes), the issue with this begin to rise that they would only have X amount of shares to short. As these calls get cheaper, the more apes can jump onto this and potentially start a ramp-up. + +&#x200B; + +**WHY WOULD A GAMMA SQUEEZE HELP?** + +Now, lets say many people start buying weekly calls soon, the IV crush is always occurring, people will begin to get these calls for a lot cheaper then what they could have the last week of March, people will capitalize on this profit (also other firms). This will then create a cycle of setting up Market Makers to cause buying pressure. + +As people buy these calls, the MM's will begin to have to hedge these and BUY shares as they will have to stay delta neutral. The only portion that can really affect this by lowering it would be either if + +A) Shorts hit hard and drop the price to match MM's + +B) They use puts so the MM's would not have to buy as many shares to stay neutral. + +&#x200B; + +As this continues due to the mass volatility GME, if MM's were forced to buy a good chunk of shares, the price would start to skyrocket, making more calls ITM which furthermore would begin the call chain that could start taking us to new heights. At least until the hedge-funds get margin-called. + +&#x200B; + +Just a reminder, extremely OTM calls don't really help the situation! OTM calls are extremely risky, and if they are not ITM by the expiry time, you are just giving money to the hedgies! ALSO! Calls with expiry for months after! They generally do not help at all as it is just a bigger timeframe for MM's to hedge them! Just a little tip for all of you who are looking into Calls new to it all! + +&#x200B; + +**ALREADY HAVE ITM CALLS?** + +Great! We love seeing apes in the green! Exercising those shares would be extremely valuable once the expiry comes close. If a MM was to not actually hedge those shares originally, they would be forced to hedge them at the moment you decide to exercise so they could pay you those nice and crispy GME shares! + +If you were to sell your Call Contract instead of exercising, they would give you the money. If you had hedged those shares originally, they may sell those, if they did not hedge them (very risky and after certain time could be somewhat illegal), but you sold your contract, they would simply pay you the profits and leave you be without having to even touch the stock. HENSE, THE SAFEST WAY IS TO EXERCISE THOSE CALLS! + +&#x200B; + +**NOTE** + +BUYING SHARES IS GOOD! In no words am I trying to say to buy calls instead of shares! Options in general are risky! They may not always work out in the profit! Shares are 100% a safer play to make and I believe in shares more then options. I simply noticed this so wanted to get this information out for anybody who is interested in buying calls. This was in no sense ever meant to make people think about getting into calls! This was just a message. + +&#x200B; + +This is not financial nor investment advice. These are ideas and opinions for information purposes only. Seek a certified financial professional for investment advice. +Wouldnt it be possible that companies (like Volkswagen) just use the technology, but with fiat money instead? +Would really be interesting if someone with a deeper technological knowledge than me could elaborate on that. +I've monitored the Altcoin's dips during the bitcoin recent fall and accepted that as normal, however with Bitcoin rebounding in the past fortnight I expected to see the altcoins do similar. +I've adopted the mentality of hodl'ng but am getting concerned at seeing the daily losses on every coin I'm invested in at some stage need to address re-visiting my strategy or start reaching out for opinions. + +ARK, LSK, XMR, NAV, DASH, OMG, MAID, FCT, BCH ETC, ETH, RISE and around half a dozen others are all tanking and I'm losing serious money. Looking at Coinmarketcap regularly shows the highest gainers being some new coin that has materialised that opportunists are jumping on, but any Alt's I'm familiar with shows almost no upward progress. +Common sense would raise alarm bells and say exit now while until this trend finishes or move back to Bitcoin while it's in the green or be licking my wounds in a few weeks, but am stubbornly maintaining the logic of you don't lose until you sell at a loss. + +Does anyone have thoughts on what's occurring as I'm at a loss (in every sense) of what I should be doing. + +-edit this was categorized as TA but is more asking for support on the best strategy. +https://finance.yahoo.com/news/chinas-bytedance-seeks-60-billion-085951999.html + +Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. Retail giant Walmart said it would take a 7.5% stake. + +The two companies would pay a combined $12 billion for their stakes if they agree to a $60 billion asking price, Bloomberg reported. + +Thanks for the awards. +Was it all due to speculation and pumping of the price, or was the DAO really that valuable? +Is there something that ETH had back then that they haven't improved upon now or was ETH just extremely over-valued back then? + +Genuinely curious to the economics behind it, if anyone can put forth a discussion or comment upon why i'd be very grateful! +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 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! + +As the post states, why ETH? + +What are the benefits of ETH over BTC. + +The latter is of greater value and simply more popular. + +So why ETH? + + +Thank you. Appreciate any answers. +A new flair have been added called "meme/shitcoin". This is to be used on coins/token with no fundamentals and actual use case. + +Lots of posts will see their flair changed. + +USING THE LOW MCAP COIN FLAIR ON MEME/SHITCOINS WILL START RESULTING IN BANS. + +Please report coins that are using the flairs wrong. + +Edit: New rule added (rule 7). Trying to disguise a meme/shitcoin with another flair will result in the post being removed and you getting a ban. Please report wrong usage of flairs. +No one put me up to this. I'm not even gonna post in the telegram that I posted this here. + +Our boy Omar got rugged by some project and got fed up. + +HE HAD ENOUGH. + +He decided to create his own token, for us, the community. He stayed up till 4am last night sweating it out to figure out how to do this. And today, he came through. + +Does it have any fancy bells and whistles like transaction fees and yield farming? NO! + +Is it 100% run by the community and fairly managed? HELL YES. + +When liquidity was low, random people in the community stepped it up and chucked their Harambes into the pool. When whales sold, we bought more. + +We've got photoshoppers, shillers, and a VERY friendly group of people in the TG all pooling our talents to send Harambe to space, where he belongs. AND THE WEBSITE IS ABOUT TO LAUNCH. + +Someone already created this spiffy as fuck [Harambe Token logo](https://imgur.com/a/hPN04yE) + +You're gonna want to get in now before Harambe joins the ranks of Safemoon and Elongate. It's the next BSC sensation, sweeping across the nation. + +I also noticed that there are many women in the TG so you don't get such a bro-vibe in there. We are an inclusive and socially conscious bunch. + +Come join us, just a couple of holders and a whole lot of inspiration. + +Peace yall. + +Samzo - a 13 year redditer and OG doge hodler. + +[CHART](https://poocoin.app/tokens/0x9fdcf499f1b05ccb0e89f4fc99833f42c783124a) + +[TELEGRAM](https://t.me/HarambeToken) + +[PANCAKESWAP](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9fdcf499f1b05ccb0e89f4fc99833f42c783124a) + +[CONTRACT](https://bscscan.com/token/0x9FdCF499F1b05CCb0E89f4Fc99833F42C783124a#balances) +I’m sorry if this is a bit of an emotional rant but I feel like I’m completely out of options at this point. + + I’ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. I’ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didn’t have anymore savings and said I can’t cover for her anymore and she needs to pay her portion this month plus what she owes me or I’m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didn’t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. I’ve been trying to get in contact with my roommate non-stop but it appears I’ve been blocked on everything. She has a step-brother who’s number I have but he hasn’t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now it’s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I don’t make enough on my own to pay the bills so I’m really desperate as to what to do. +I heard this piece on the way to work this morning and thought it may foster some interesting discussion. + +Main takeaways: + +This comes across as an anti-401k, anti-investing, anti-stock market piece intended to mourn the loss (and suggest the superiority) of defined benefit plans. To back up the positions, the journalist relies heavily on highlighting one couple’s dream retirement enabled by their defined benefit plans and juxtaposing it with an elderly woman’s Great Recession retirement fund losses (later stating she “got out of the stock market a few years ago, opting to put her money in more conservative savings.”) + +[Navigating the New Realities of Work and Retirement (6:48)](https://www.npr.org/2019/10/02/766330750/navigating-the-new-realities-of-work-and-retirement) +We have the SEC filing from GameStop with specific instructions on how to facilitate the splividend, and we have official statements from brokers saying they were instructed by the DTCC to fuck around instead. (EDIT: and as /u/GuitarEvil points out below, we also have the Computershare statement confirming a splividend) + +The smoking gun here is the comms from the DTCC explicitly instructing brokers to fuck around. I have no reason to doubt the brokers on this one, especially since they all seem to be making attempts to "get ahead of it". + +Honestly, how long until someone leaks that memo? It's the only missing piece of the puzzle and evidently it was sent all around the world, to a bunch of people who would do well to cover their own asses ASAP. These are people who would step over their own mothers to make a buck; I'm confident that we'll see this document by EOW, if not in the next 24-48hrs. + +EDIT: nailed it -----> [DTCC form for GME splividend from DnB : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) +I literally just saw someone plastering the sub all over /r/shittymoviedetails + +There are way too many normal people in here now who write like regular reddit spergs instead of true autists with balls of steel. We must fight to retain our autistic culture + +GO PRIVATE NOW +One of the largest North American Bitcoin  mining farms, Bitfarms, has mined its 1,000th coin with 100% hydroelectricity. 🌊♻️ + +"We expect to more than double our installed hydropower infrastructure in Québec, triple our operational hashrate in 2021" - Bitfarms’ CEO. + + +Source: https://bitfarms.com/app/uploads/2021/05/2021-05-28-Bitfarms-PR_BTC_Production_UpdateFINAL.pdf +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. +**Warning:** brief mention childhood abuse and mental illness + +I felt many were commenting that others who met this goal had a lot of help (parents, etc), so I wanted to share my story of what I had to do to get here without that sort of support. [Net worth graph, showing ~$6k NW increase each month.](https://imgur.com/vjPuGUC) + +**Location**: + +- Bay Area, CA + +**Current income**: + +- $155k/year/first two years at this job (I just started last July, so $80k for July-Dec 2019) + +- **Takehome pay right now:** $2.2k biweekly (which is basically only what I need rn, rest into 401(k), HSA since year just started) + +**Current assets (88k)**: + +- **Checking/savings:** 15k (12k emergency fund) +- **401(k):** 28k +- **Vanguard brokerage:** 20k (from when I interned, as interns don't get 401(k)s) +- **Roth IRA**: 23k (I only put 2k into this year so far) +- **HSA**: 2.3k + +**Current monthly expenses (last 12 months expenses / 12):** + +- $1.2k rent (split room with SO, 27M), another roommate in 2 bedroom apt +- $620 shopping (household items, clothes, cat stuff, a bed, books, gifts, my bike!) +- $550 food (groceries for two people, and my portion of dining out) +- $275 medications, doctor visits (mental illness isn't cheap.) +- $150 transportation (Caltrain into SF, Uber/Lyft) +- $100 charity (Palomacy!) +- $40 haircuts/spas +- $30 games :D +- **= $2,965 / month** + +**Current debt:** + +- None, thank god. + +–– + +**Before college:** + +- Grew up with childhood emotional, physical, and sexual abuse in Bay Area suburbia, CA. +- Grew up playing on Neopets and learned HTML/CSS through it. +- At 13, father filed bankruptcy on a struggling (struggling since I was 5) business, liquidated everything to pay off debts and recover from taking the second mortgage. +- Mother begs for divorce after 5 years of supporting family on only her own income, eventually cheats to get dad to sign the papers. +- At 18, parents have explosive divorce; **told me they couldn't pay for any of my college expenses.** +- From ages 12 to 18: **household income about $15k-40k/year**. +- Started working from 16 and saved almost everything. (My NW was $1.5k when I started school, and I was SO proud. Started reading /r/personalfinance.) +- **Silver lining:** got lots of scholarships/grants because of my economic status. + +**Ages 18:** + +- Enter university with intent to **study English and Rhetoric** because it suited my poor, broken heart and I was GOOD at it. Not living at home–"fuck that shit," was my thought at the time–cut off all contact with parents. +- After years of being underinsured as a child, finally diagnosed with a heart problem. Get a pathway in heart zapped closed. $17k medical bill after insurance. Wrote a letter explaining my financial circumstances... final bill down to $5k, paid off over next couple years. +- Obsessively read /r/personalfinance and /r/financialindependence because I wasn't going to get into the financial clusterfuck my parents got into. Our family fell apart because of money. I won't let that happen again. +- **On food stamps with $300 in my checking account** halfway during freshman year, thinking during a moment of despair with the medical bills, *there's no financial future with what I'm studying*. + +**Ages 19-23:** + +- Took up a coding challenge from Google after taking a couple CS classes on the side while juggling Rhetoric classes. Did well, got an interview at Google for a FULL TIME position software engineering... at 19! They wouldn't let me interview for an internship because it was too late in the internship cycle. Bombed the first interview because was nervous (it was GOOGLE!) and because it was my first tech interview... ever. I laugh about this now, but it was *devastating* to me at the time. But that was the moment I thought, "maybe I COULD do this," and went all-in for the CS degree. +- **Struggled immensely through computer science degree** and depression/anxiety/ADHD/PTSD. I didn't like CS. I had to take 2 semesters off because CS at school was so hard, and I was still struggling emotionally with my past. During my breaks I worked to keep me afloat. Eventually reconnected with my mom, which was really good, because I lived with my mom and her fiance during my first semester off. (So other than those 5 months, I lived outside "home" since I was 18.) +- Work as an undergraduate TA teaching computer science which paid $30/hr through college. +- Got two software engineering internships (paid $30-40k each) +- Started Roth IRA, couldn't max the first couple years but did the last 2? years. +- **Graduate at 23, 5 years after entering school** due to semester breaks and major change. +- Got a software engineering job at one of the places I interned at. +- Paid off **$30k in student loans** over the years. Final nail in the coffin was the signing bonus. Debt-free, all by myself! + +**Age 24:** + +- Spoil mom with tech gadgets and things she's always wanted. +- Happy, two-year (and more, hopefully) relationship with loving boyfriend and asshole cat. +- Unhappy at work, but learning to cope. Wanting to shift away from backend work to frontend/mobile/UX. +- Just got an offer to reinterview at Google, 5 years after my first interview... roles seem to be a good fit for me. Wish me luck! :) + +**Goals:** + +- FIRE at 35 with SO who FIREs at 45. He wants to be a high school teacher, I want to be a vet. + +**Other info:** + +- Yes, I'm unhappy in my job and suffered greatly through my degree. **Would I have still switched to computer science if I could do it again? YES.** The initial surge of post-graduation income is fucking worth it, the skills are valuable, and there are good people in tech. I'm a scrub in the software engineering world but after a couple years I could transition into something more fitting for me (UX design or frontend engineering hopefully!) +- Yes, SO is a filthy tech person too. We split finances. Our relationship is good. Our first 1.25 years were BAD. Again: MY mental illness is not pretty, and I'm so thankful he saw the best of me through these years. +- **Yes, I'm still mentally ill and it doesn't go away with money.** I'm being treated with ADHD med (non-stimulants) and probably need an anti-depressant soon, because work sucks and my current medications kill my appetite. **Dealing with my mental illness has been much harder than transitioning into computer science from English**–and the suffering has been twice as great. Let that sink in a bit. +- I'm really proud of how far I've gone and I'm grateful to the /r/financialindependence and /r/personalfinance subreddits for providing the info required to get me here! I wouldn't have done it all without you! I recognize I was fortunate because I started from $0, not the negatives, and had a lot of financial (self-)education from the internet before adulthood. +- Yes, I didn't transition into CS with 0 background knowledge: I knew HTML and CSS coming in (no actual programming languages). But anyone in the field would tell you that HTML/CSS isn't anything like software engineering–it's for formatting websites–so in many ways, I did start from scratch. :) I took the couple CS classes my freshman year as a breadth requirement because I thought it'd be "just like HTML/CSS", but man, like HTML/CSS it is not... +Christmas can be a long day. If you're on your own or want to share your day just say hello and I'll reply to as many of you as I can until the Bailey's runs out. + +Tell me about your best present, the nobhead uncle or how the shift you worked was worst ever. +Will you stick to your plan, or will you hop back in if there is no end in sight to this crazy uptrend? + +Not looking for "Time in market is better than timing the market" responses +22M here, just finished uni and currently don't know what kind of job I'll go into. Living at home for now and will be for the next 6 months (or more) while I find a job. I do some tutoring work which brings in a couple of hundred pounds each week. + +I have about 24k: ~2k in premium bonds and ~22k in cash, of which ~4k is in a help to buy ISA. I'm thinking I should keep a fairly substantial emergency fund until I have a job, in case I do need to move out and support myself fully at some point, so maybe around 15k for that? Then my question is should I start investing the rest of the money, or should I wait until I have a job. + +I'm hesitant because I currently feel uncertain about what I'll be doing since I haven't started a career yet, but also keen to invest as soon as it's sensible to since compound interest + time = good results. + +Would hugely appreciate anyone's thoughts. + +EDIT: thank you everyone for your input and comments!! I think my biggest takeaway is that there's not necessarily a right answer, and I need to think carefully about my priorities and preferences. So I'll take a bit of time to think it through and decide if I'd rather travel/have some fun or dive straight into the world of work. Thanks again. +Hello everyone. + +I've been living and working in the UK the last 5 years and unfortunately due to the pandemic I had to borrow money from my bank not just for me hut to help my parents in my home country as well. + +The debt now is soul-crushing. It has come to the point that I feel my life has been financially ruined for a £16k total debt. I dont have a fancy job or anything. I make £30k/year and having to pay around £400 each month for installments is ruining me mentally. Worst thing is that if I had the money to pay the debts right away I would save so much off the interests. + +My question is: is there any way I can do something about it? Anything that could either save me money or interests? Because the way it's going I'm afraid I will have to declare bankrupty... +I'm finally on the property ladder - huzzah! I'm conscious that live by myself and I dont have much money left over for all the improvements that need to be made right now. + +So what I'm looking for is free schemes, or clever ways to reduce spend at this early stage. + +As a starter for ten, I've switched to a lower-priced energy supplier, enquired about free LED bulbs and a smart meter. I've also emailed my local Fire department to see if they could fit free smoke alarms and I've requested a single-person discount for my council tax. + +Do you guys have any recommendations for anything else I should be looking into? Or maybe even investment tips that would save me some money over the next few years? I feel a bit out of my depth, so any advice would be welcomed! +hello all, apologies if this is a stupid question, i’m a new investor, only doing it for 1 year. so far for most of the year i was doing pretty good, saw some nice green numbers but since October all i see is red over red. + +moat of the stocks i own fell 20%, 30% in a matter of 1-2 months and i don’t understand what’s happening. everyday i check it and everyday is more red. + +so what gives ? did i miss anything ? i know stocks go up and down but it seems like a free fall to me with stocks loosing 100$ of their price like it’s nothing after it took them 1 year to get there. + +again please excuse my ignorance, i just want to understand. +Looking at RC's latest tweet of him smiling wide in front of Gamestop, it just hit me. He looks very happy. Why? Because I feel like very good things are coming. If RC is smiling, then I am smiling, especially the weekend before earnings and their annual meeting. I have full faith in him as a Chairman. Have a wonderful Memorial Day weekend everyone!! +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. +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. +Here is a snapshot of my Covered Call strategy for $NOK - Unfortunately I didnt have the shares to sell DEEP ITM calls when it spiked up towards $9 otherwise I would be riding a cost basis of practically nothing. So heres the plan. Let calls expire worthless (hopefully) and continue to collect premium. $NOK typically has a little run before earnings and dips back down. I'm being sure to only sell calls that keep me above my cost basis on assignment. + +Why I'm sharing this - I see a lot of people who get caught in the WSB way of YOLOing everything they have into a position. I'm not completely against the YOLO as you see I've tied quite a bit of capital into shares. I remember starting thetagang and seeing the huge gains on WSB and getting discouraged at my two to three contracts being sold. + +We all start small, but this is the power of thetagang. The larger your account gets the more compounding premium you receive. I know after this week IV wont be so high on $NOK so I'm potentially looking at half of the premium per contract unless I go further out. Which is fine. If I can sell 57 contracts a month and rake in anywhere between $500 and $700 I'm golden. + +I just wanted to put this out there so some of you who are new can see what this looks like. I would have loved if I purchased these shares back below 4. I actually bought a bunch of leaps though and flipped the profit for shares. + +Keep being smart fellas. I appreciate this group. + +[Covered Call Strategy on $NOK](https://preview.redd.it/o3hx5m6blff61.png?width=1268&format=png&auto=webp&s=dd173fbb9b7c5cf7e5cc89ff580ecdf9486352b5) +Say account is $100k - how much do you allocate to each position/trade? + +Optionalpha recommends no more than 5% - which implies we need to have 20 positions running in parallel at all times to maximize utilization of capital. + +“Utilization” can be the capital at risk - the amount needed to hold the full security if assigned. + +How do you manage position size? How do you keep track of the different positions running in parallel? +All this drama over SPY and the wheel keeps bringing up anchoring fallacies. + +Summarized as: + +> Anchoring can also be a source of frustration in the financial world, as investors base their decisions on irrelevant figures and statistics. For example, some investors invest in the stocks of companies that have fallen considerably in a very short amount of time. In this case, the investor is anchoring on a recent “high” that the stock has achieved and consequently believes that the drop in price provides an opportunity to buy the stock at a discount.  + +> For instance, suppose that XYZ stock had very strong revenue in the last year, causing its share price to shoot up from $25 to $80. Unfortunately, one of the company’s major customers, which contributed 50% of XYZ’s revenue, had decided not to renew its purchasing agreement with XYZ. This change of events causes a drop in XYZ’s share price from $80 to $40. + +> By anchoring to the previous high of $80 and the current price of $40, the investor erroneously believes that XYZ is undervalued. Keep in mind that XYZ is not being sold at a discount; instead the drop in share value is attributed to a change to XYZ’s fundamentals (loss of revenue from a big customer). In this hypothetical example, the investor has fallen prey to the dangers of anchoring. + +https://www.amgfunds.com/research_and_insights/investment_essentials/psychology/anchoring.html + + +I'd just like to see more discussion about this and how people handle/avoid it. +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. +what if i sold uncovered calls and then bought the underlying when it hit the strike + +possible scenarios: +1. it lands otm, take profit +2. hits, i buy and it lands itm, i again make max profit +3. it hits, i buy, goes back and lands otm, exit trade +Hey guys, + +I had sold put options that almost expire worthless. Valued at $0.01 now. However, I can't buy to close with limit because it needs $0.05 increment. I prefer to close it to release my collateral sooner. Thoughts? + +Thanks! +I have just started theta related strategies about a few months back and i collected decent premium (ranging from 500+ to 2k per week) with a capital of 58k in the beginning and now at 80k+. Im also using margin of about less than 10% and im prepared to top it up if margin calls happen. + +So the strategies i rely on the most are put credit spreads (PCS), iron condor (IC) and the wheel (CSP and CC). I utilize PCS and IC generally on higher priced stocks like AMZN, TSLA, GS, CRWD. For the wheel i run it on lower priced stocks like PLTR, FUTU, MARA, AAPL, AMD. I usually sell these options 7-28 days out. No particular reason for the less than frequently advised 30-45 DTE, i just like shorter dated options + +For the pricing of the PCS and IC, I generally choose .2 deltas and 20 point width of strikes. My max loss is bigger here but i collect larger premiums. Most of the time i do realise if the trade moves against me, i either roll the pcs out another week and try to lower strike if possible, or i sell a call spread against it to kinda make it into an IC. Sometimes i do close early for a loss if i feel that it cannot be managed by rolling or turning it into an IC. + +For the wheels i sell the CSP generally at .3 delta. But occasionally i sell ATM puts during red days to take more premium and take assignment if it happens anyway. If i have some margin, i would sell more CSP at .16 or lower delta just to scalp some premium. I rarely get excercised at this point, but i did twice without any issues. For CCs its kinda wierd but i dont really look at delta. I just figure out through some TA or just a number im comfortable selling it at (any suggestions here would be nice too) + +So main question here is that ive spoken to a few friends n family and most of them told me whatever im doing is a fluke, its all luck, you cant consistently win. And i found myself unable to argue that whatever im doing is not really a fluke other than proving it with time. So how long do you guys think i have to trade profitably before it isnt a fluke? +[https://www.thestreet.com/investing/options/chargepoint-is-surging-did-the-smart-money-see-it-coming](https://www.thestreet.com/investing/options/chargepoint-is-surging-did-the-smart-money-see-it-coming) + +Pretty solid graph in here with a timeline of all the $CHPT purchases this week and last: [https://imgur.com/gallery/eYCA6g9](https://imgur.com/gallery/eYCA6g9) + +tl;dr: Probably insider trading, or a huge gambler, but either way, this guy turned $33.86M into probably half a $B. Worth checking out if you're an options nerd. +I asked a very similar question yesterday, but by the way it was worded, people thought I was trying to time the market. So I'm asking it in a different way. + +The expected returns on an index fund might be 6 - 8%, maybe 10% at a stretch. + +If savings accounts were giving in the region of 8% again, is there any reason to continue depositing money into an S&S ISA at that time, when savings accounts are basically guaranteed to give a better return at that time? Then when/if savings rates go back down, continue to put the money in the index fund. + +I'm not trying to "time the market". I'm not suggesting to sell investments and move them to savings. I'm not talking about deciding to buy or sell investments based on their price at that time. I'm talking about putting money in a place that, unless I'm missing something big, is almost guaranteed to give better returns for at least a while. You can then always move the cash savings to an index fund when savings rates decrease. + +There are predictions that the BOE base rate could be at 6% within 6 months, so this is not an unreasonable idea. Yeah, yeah, I know, no-one knows what interest rates are gonna do. I'm just saying that it's not impossible or even particularly unlikely. +I've had many proud moments within this community but this current moment will forever be my proudest. By identifying a blatant inefficiency within the market, you all have exposed a corrupt financial system for the entire world to see. And it was all done in a non-violent, civil, and legal manner. + +Unfortunately, we will be the ones who face the consequences. I am not disillusioned, I do believe we will ultimately lose this battle because it is banks, hedges, firms, politicans, billionaires, and corrupt regulatory organizations that we are up against. Tomorrow as a personal protest, I will be buying shares of GME that I plan on holding until the day I die. My hope is that many around the world will join me, and this will not only push $GME up to $5,000 a share, but also forever turn $GME into an international symbol of what can be accomplished when the little investor gets tired of being fucked. You did good autists, you did good. + +$GME 5000C 01/29 +Any pilots out there? I'm in my mid 20's working up the pay scale in a blue collar position, 2.5 years to go and I'll be making 85-100k depending on overtime. This obviously isn't an ideal income for achieving fat fire. A career I'm interested in that would earn more is flying. I know there is a shortage of pilots, with no end in sight to increace in demand. As a financially minded individual, I want to find a way to fill this demand and increace my income/investment potential. My concerns are primarily the cost/time commitment to get the license and 1500 hours, as well as the risk of leaving my current career. Do any of you fly for a living? What would you say the total cost/time commitment is for the license and 1500 hours? (plane rentals, etc) From what I've read, it's not really possible to keep a job with stable hours while attending ATP flight school as they expect you to fly when they have an instructor and plane ready for you. Their schedule, not yours. Is it possible to learn while keeping my job with a different school? Sorry for the long post, and I know I'm not quite of the right financial caliber to be here yet, but I've recieved good advice from people here before. Thanks for your time. +Hello r/investing, I recently opened a Vanguard account and have about 60K transferred to this account. I was hoping to get some fund recommendations in Vanguard. I looked at the options but I was a little overwhelmed. + +I already have 401K account that I have planned towards retirement. I also have a betterment General Investing account for 2 years but the return aren't great (~2%). + +So, I'm looking for short term investing options with Vanguard. Any advice is appreciated. + +Thanks! +Traditional vs Roth 401k plans + +My employer now offers both plans. Should I be contributing to both? + +I’m 46 years old, married with two elementary school age children. We have a combined household income of around $180K. + +I have been contributing to my traditional 401k plan for a bit over 20 years now. Almost always max the contribution level. I don’t receive any employer match. My target retirement age is 60. My employer now offers both the traditional and Roth versions. My question is should I be contributing to both forms of the plan? +Ok i'm a accounting/finance student and junior in college with $4000 saved up from campus job and internship while going to school full time. I have about $25k in student loans and 6 months of grace period to return those loans after graduation in a year and a half. So effectively i will have to start paying back the loan in 2 years. + +I want to buy a new desktop and camera to start creating videos, and I was wondering if spending that $4000 would not be wise. $4000 is no way enough to pay off that $25000 and was wondering if its pointless saving that $4000 and just to pay the loan off hopefully with the income from a full time position out of school. + +So essentially the question is should i save the 4k with the full intention to pay off some of the loan when i graduate? Or is $4000 so insignificant and im better off just spending it on some hobby during college and just hope i get a full time finance/accounting job that can pay off the loan over time. +So my wife and I have no debt beyond these two mortgages. +Both are around 3.75%. +1st: my primary residence - Mortgage is on $220,000, $1700 a month. 800,000 equity. + +2nd: a condo we rent out as income property. Mortgage is $105,000, after PMI and HOA it’s about 1,000 a month. Our tenants pay $1,450. There’s about $200,000 in equity there. + +Every time I have to go over there to do something (leaky faucet, washer is broken, AC stopped working etc.) I just want to sell the place. I know I’d take a big hit in capital gains though, and maybe it’s a dumb idea to get rid of a property that I can comfortably say will never lose value, due to the local market. It’s one of those places that never ever goes down. + +Do I hang on to it for retirement, or sell it and use the money to pay down my principal on my primary residence and do a bunch of deferred maintenance? My wife and I are 35, we do have retirement accounts, although maybe a bit behind where we should be on those. Any thoughts are appreciated on the matter! +I've been investing since some of you kid's were in diapers; through the Russian debt crisis/LTCM bailout, Y2K, .Com bust, 9/11, Mortgage Meltdown and now COVID. The market is doing what the market does and will go back to doing what we are all used to it doing. Every single bear market/recession is followed by a bull market and every single bull market is ended by a catalyst that "everyone saw coming". + +To Put COVID in perspective, "the market" has survived + +* Panics of 1857, 1869, 1873, 1893 +* Switch from the gold standard +* Civil War +* Wall Street Bombing of 1920 +* Great Depression +* WW1, WW2 +* Vietnam and the Oil Crisis +* 1987 Crash +* Savings and Loan crisis + +Despite all of that, the real (inflation adjusted) return on equities for the measurable \~200 year history of the market has average 7% (source is Jeremy Seigle "stocks for the long run" page 12). + +We have industries today that one would not be able to fathom 100 years ago, let alone 200 years ago when we were an agrarian dominated slave holding society. Along the way entire industries have been created, then wiped out, then built again. In the short term market dips are always painful, in the long run, as long as you have a piece of that broad market you will be rewarded well. + +Lets look at the 1929 crash and resulting great depression - had you invested at the peak + +* It took 25 years for the DOW to regain it's peak - but re-investing dividends would have made you whole in 7 years. +* reinvesting and accounting for inflation (deflation) and you are made whole in [5 years](https://www.businessinsider.com/henry-blodget-new-study-stocks-only-took-5-years-to-recover-after-1929-2009-4). + +Mind you 1929 was the worst the US has ever seen and is likely to ever see. Will things get as bad/worse as they were in 1929? Probably not + +* Monetary policy (The Fed) is an accepted practice. +* Social Insurance (un-eployement, ssi, etc) means we won't see roving hordes of poor people raiding food supplies. + +Hold up - you don't understand. COVID is a pandemic like none other; people will die, industry will be decimate, blah, blah blah. Lets look at the two worst case scenarios; Germany and Japan during WW2 + +* Germany - 90% drop in real equity prices, followed by a 30% per year return for the next 12 years +* Japan - 98% drop in real equity, breakup of industrial cartels and distribution of shares to workers, followed by a 10.4% avg annual real return. + +COVID is not a conquering army, My thoughts on what is likely to happen. + +* Market will bleed 30% to 50% of it's peak - if we go past 50% its time to beg/borrow/steal and go all in. +* We will see a net decline of jobs which will be cushioned by a shift in demand. Amazon is hiring 100k people (and bitch all you want, they pay better than many of the mom and pops that are folding). Any one in the medical field/retail grocery is having a bonanza, +* un-employment and other social insurance will kick in and there will not be an economic tsunami caused by the retail/hospitality workers being unable to pay rent/bills. +* Manufacturing will see a resurgence both in short/long term. GM is already angling to make respirators. Companies that can adapt will do so and thrive. Companies that go bankrupt were likely on the edge well before this. Also this should be the canary in the coal mine for the US to wake up and on-shore it's critical industries. + +My advice for you kids + +* Set aside an emergency fund (3-6mo exp) +* Invest in broad market indexes and may it automatic via payroll or monthly deductions. This ensures you never invest at a market peak and will avoid any worst case scenario. +* set saving goals (house/car/etc) and understand asset allocation and what your risk tolerance is +* For folks nearing retirement, understand that retirement is a continuum. One does not retire and need 100% of their savings in cash. On the contrary, you have 20+ years for those assets to continue to work for you. +* Understand and heed the yield curve. + +Closing thoughts; this is normal and something I am viewing as a buying opportunity. To quote two investment legends, you really have two options. + +* "Stay the course" - John Bogle +* "Be Fearful when others are greedy, greedy when others are fearful" - Warren Buffet +This analyst has been against GME since 2020. I'm guessing when BofA wanted a piece of the pie and started shorting the analyst did his job. + +Sorry about the source - [CNBC](https://www.cnbc.com/2021/06/04/bank-of-america-analyst-throws-in-the-towel-on-meme-stocks-says-fundamentals-are-not-driving-shares.html) + +&#x200B; + +https://preview.redd.it/2dpotap4a9371.png?width=1116&format=png&auto=webp&s=db5df730c5828aa527dde2a5c747ebd66915aadf + +This dude has been shitting on GME for a while but I guess since now the price is higher he "Throws in the towel" ? + +&#x200B; + +https://preview.redd.it/38od2vp9a9371.png?width=680&format=png&auto=webp&s=9977db3a119f0a7b911e202aedc0015756a53bf9 + +&#x200B; + +https://preview.redd.it/l3amhz5ba9371.png?width=693&format=png&auto=webp&s=6fba3014edb32e07f4f8a07479e5cf8da7f3249b + +Oh yes, this is because the retailers are manipulating the price right? /s + +Fuck off MSM, I just thought I'd share because all of the Negative MSM news just further confirms my bias that we are right with our DD. They never have counter DD or anything constructive or factual that proves us wrong. + +I'm also a firm believer that this FUD isn't to stop us but the average non-redditor . Apes hold and we know the drill. But they will just keep suppressing this as long as they can to keep "outsiders" blind to the situation. + +Literally everyday we uncover something and its insane to see this shit unravel. Everything is like clockwork and I can't wait for a well written and casted movie so the people I care about have an easily digestible way to see what us apes have endured. + +Buy . hold and obviously vote if you haven't! + +Enjoy your weekend after today, don't get overly hyped on the 6/9 dates and stay safe! + +Edit: adding this guys meme LOL - [https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental\_factors/](https://www.reddit.com/r/Superstonk/comments/ns8nea/nonfudamental_factors/) +Join bitcoin-dev for further updates (please don't pester while people work). Looks like the chain was forked by a bug in 0.7. 0.8 nodes didn't suffer and carried on. A solution is in the works. + +**What do I do??: If your not mining, just sit tight - 0.8 is fine. If you are mining, ask your pool (go back to 0.7) ** + + +**Coins/Transactions from bad blockchains ('orphans') have merged back into the valid blockchain, everything is cool** + + +At present, devs are working to establish the precise cause of the bug. We know it's related to the way 0.7 and 0.8 handle the DBD database, specifically, locks and related to the way satoshiDICE was processing bets and sending them to the chain. For now, 0.7 is the way to mine, users can feel free to continue to rely on 0.8 for getting chain updates. I imagine soon enough we will see 0.8.1 and the possibility of a hard fork (0.8 may become incompatible) so keep your eyes open for more news. + +There is, on the side the interrelated and ever present issue of maxblocksize, which needs to be fixed for scalability of the network, but it is not the cause of the bug. + +Finally, some praise to the developers, mining pools markets and websites (such as satoshiDICE) that all came together in a mater of minutes to sort this out. + + +**edit**: MTGOX is accepting bitcoin [deposits again] (https://support.mtgox.com/entries/21477395-Bitcoin-blockchain-issue-bitcoin-deposits-temporarily-suspended) + + +**edit**: More interesting discussion on the [dev mailing list](http://sourceforge.net/mailarchive/forum.php?thread_name=CAPg%2BsBjm%2Be%3DA%2BedSRHXU7JSqyfSc4hou_SRdQHF48xhKQGA4zA%40mail.gmail.com&forum_name=bitcoin-development). + +Updated at 12:30 (GMT) + + +38/m. Did well in corporate America (recruiting/staffing) for 10 years and saved about $1m excluding real estate before starting my own firm in 2018. About to hit 4 years and seen some great growth. We are currently at a $20m annualized run rate at 15% EBITDA in which I am 75% owner. The dynamics of my business model and the way I have been running it is I’ve paid myself $0-little this whole time, investing everything back in the entity. Haven’t had a taste of what’s been built but am aware I can sell, play long game and run for profits, but personally am trying to do some soul searching now that I have some options after the multi-year sacrifices made. Married, 2 kids 7&5. + +For the advice: I am struggling with what to do from here. I feel like I’m more of a startup guy than a mid-market company to big company operator. I’m semi-burnt already from the startup phase, fighting through the pandemic, to last 20 months of explosive growth and growing pains. We are already getting quite a few pings from PE, acquirers, and I’m also looking into an ESOP conversion also. Although I’m extroverted for my job/role, true introvert at heart and would love to have some time back for golf, travel, guitar, video games, health/triathlons, friends. All the stuff that’s fun that I don’t get to do now. + +For those that have been here or can provide perspective. I can sell now and retire but would be disappointing my #’s 2-10 on my team who also have equity and the sale wouldn’t mean much to them. Couldn’t sleep at night with this option feeling like I screwed them over. I could continue running it for profits/later sale and eventually step back but worry about who would step in to take over and take my responsibilities, PE scares me as I’ll need to stay on for a more stressful ride than I have now… + +We are on a path for $100m one day relatively soon (5-7 years?). Part of me says fuck it just keep my head down but part of me would rather be a $8-$15m RE guy vs a $50-$100m guy and all the BS, stress, family dynamics. Part of me just wants to get out now and not deal with the stress. + +I’m the type of person that needs the future plan clear for me to be motivated to gun after it and for the first time what I want and my plan is really unclear albeit a great problem to have. Tough to relate to others with this and hoping to find perspective on this sub. +A full Bitcoin node is the backbone of the Bitcoin network. Miners are important, but full nodes are too. They spread transactions accross the network. They have the only copy of the entire blockchain, and run the memorypool. Without full nodes in operation there is no Bitcoin. + +**Facts** + +* There are only about 7400 bitcoin nodes running. +* Only 35% of those are up-to-date on version 0.9.1 +* The majority is in the USA and EU - https://getaddr.bitnodes.io/ +* Africa and South-America are running a a handful of nodes. +* The stability and thus the price depends on the Bitcoin network running properly! + +This is **bad**. You can fix this by running a full node: + +**Running a node** + +* 1. Download the bootstrap of the blockchain over Torrent (https://bitcoin.org/bin/blockchain/bootstrap.dat.torrent) to speed up the inital process (hours instead of days). +* 2. Place bootstrap.dat in /home/user/.bitcoin or %AppData%\Roaming\Bitcoin +* 3. Download and run the Bitcoin-qt client on a device that is online 24/7. +* 4. Don't forget to port-forward 8333 from your router to your internal IP. + +An old Pentium 4 machine with 4GB of ram and a 80GB harddrive can run a full node _just fine_ + +End of PSA. + +I have a good paying job, but I also work another part-time job to make additional income. I'm so sick of going on dates and when guys find out that I barely have time for dates, they would make comments like "You seem like all you care is money." It's so annoying tbh. I honestly feel like they need to understand my financial background. I grew up extremely poor and will do everything to make money to establish myself first. Would you be offended? I don't know why, but I just get so offended because I feel like they think I'm just chasing money and not love -- implying I'm not romantic but materialistic. +Looking to invest into the market with a little bit of money and see how it goes. I have a couple ideas in mind but I’ve never invested before and am seeking some possible advice or ideas. Anything is appreciated. Thank you +Hello Superstonk! + +It's me Gherkinit doing another Technical Analysis for this coming trading week. + +Normally I do a bit of a deep dive on a subject after my technical DD however as a family emergency has taken me away for the weekend I have to write this weeks DD on hotel computer. So I will just be covering the basics. + +I will return tomorrow, at 9am EST, for my [Livestream](https://www.youtube.com/c/PickleFinancial). + +So let's jump into it. + +# Technical Indicators + +**Part A: The "Hedges are Fuk" Pattern** + +So over the last 3 weeks GME seems to be forming a fairly consistent pattern that I believe has to do with a combination of low IV on the options chain and the desire of the Market Makers to keep us at or near Max Pain. As many of you who have read my previous DD's are aware I have a working theory on why short pressure has been decreasing of the last couple weeks since the end of the big bull pennant we were looking at (more info in my previous DD's on short inflation). Anyway I believe this pattern that is emerging is tied to that as well. + +[Here is the pattern of consistently ascending bull flags on 4h timescale. This weeks prediction shown as the dashed bull flag.](https://preview.redd.it/48km0zyyzx071.png?width=1182&format=png&auto=webp&s=06f780c29a193a57632edf61fa9c1cc48712b7ad) + +Each of these appears to have increased range. This last week GME was heavily shorted on the back of the unstable market action which provided an opportunity to drive the price lower than shorting alone. Ultimately, it failed as GME broke out to the upside on Friday ending our second week in a row above max pain. I anticipate with some certainty a run-up tomorrow or Tuesday and then more consolidation throughout the rest of the week. + +I do think MMs and SHFs are aware of this pattern, I expect they will try to break the cycle again this week. Any overall market instability will provide them with an opportunity to attempt to drive us down out of this pattern. + +**Part B: MACD** + +The MACD has crossed over to the upside as predicted last week and looks to be expanding as it diverges. This should continue giving GME the impetus for Monday or Tuesday's climb. + +[MACD on the 1D timescale](https://preview.redd.it/cp8md4iw1y071.png?width=942&format=png&auto=webp&s=a2e19422cc7cb2c63a340052703fd4bd7ecdd2f8) + +**PART C: TTM and BBKC Squeeze** + +BB KC is still running in the same channel as we have not yet seen the volume and volatility we are expecting. TTM is no sitting on 17 fire signals. I will say that when this finally blows it is going to be huge as this amount of consolidation is signaling a unbelievably large move to the upside. + +[BBKC and TTM Squeeze on the 1D Timescale](https://preview.redd.it/l95a3ula3y071.png?width=748&format=png&auto=webp&s=c2207111509d0ca6e6b066c3a4bbea239946e372) + +So those are the indicators for the week + +One other thing I wanted to touch on we saw pretty significant price action after crypto tanked last week and I have no reason to think we shouldn't to see it again. If the prevailing theories are true and hedges are dumping crypto to maintain sufficient liquidity. + +The market continues to consolidate on or around it's 50 day moving average. This unstable action general precedes a correction or a crash. + +[SPY ETF on the 1D timescale. 50D MA\(Green\) 200D MA\(Purple\)](https://preview.redd.it/vh8b4b325y071.png?width=1166&format=png&auto=webp&s=6ab5294f22f499a66035bd5a3e9d53d617c3b534) + +Additionally the the TTT which tracks US 20Y Treasury Bonds is starting to behave similarly as a consolidation pattern plays out on it 50D MA and the short interest in the bond market. Since last weeks open the U.S. 10 Year Treasury yield is up six basis points, and the U.S. 30 Year Treasury yield is up five basis points. + +[TTT on the 1D timescale](https://preview.redd.it/iw4m0udw8y071.png?width=1169&format=png&auto=webp&s=884548f4c2319012fce516ebd4ef4438c75ea181) + +# Conclusion + +That's all for this week I will be getting a video DD out over on my YouTube channel for those of you that prefer that format. I think we will see upwards action Monday or Tuesday as the pattern predicts as liquidity from crypto flows back into the market. + +As long as things remain stable + +If however the market comes down or corrects to it's 200D MA we may see a fairly significant drop in price as SHFs take advantage of that opportunity. So going into this week I will be pretty bullish on early Monday options but will be looking to unload them sometime on Monday or Tuesday. Expecting a dip, I plan to use those profits to pick up further dated contracts during the midweek dip while IV remains low. + +*Edit 1: This is strictly here for people that are interested in GME derivates I am busy with things this weekend and was attempt to cover my usual options questions stream by answering the common question now. I do not advise playing with options they present a great deal of risk. This is my day job and watching a YouTube video does not adequately prepare you for buying and selling leveraged positions. All proceeds from my options go to buying more GME stock and paying my own COL. These trades in no way negatively impact the share price of the stock unlike day-trading shares. I hope this clears any confusion. I'm getting on a plane now and will answer any question after I land.* + +As always be prepared as a FOMO breakout can happen at anytime on this stock. BBKC and TTM indicate that could be sometime soon. I still affirm that we are in the ascent stage of the MOASS ([Refer to previous exit DD](https://www.reddit.com/r/Superstonk/comments/n3izjq/another_technical_coloring_book_and_a_note_on/)) + +As always see you all bright and early for the Live Charting and the stream. Thank you. + +\- Gherkinit + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Website on Jan 4, showing YTD as of Nov 2021: + +https://web.archive.org/web/20220104175626/https://ark-funds.com/funds/arkk/ + +Website today: https://ark-funds.com/funds/arkk/ + +Screenshot of the change: https://imgur.com/a/lAEicvP + +Is it normal for fund managers to change the metric shown arbitrarily? Or is she being deceptive by hiding her YTD returns as of Dec 31, 2021 with the 5 year metric? + +Her ETFs have been underperforming the indices in one of the most insane bull runs in history. Do you think that the bottom is near or is there more pain ahead? + +She has been saying there is a bubble, but not in her stocks (Dec): https://qz.com/2104455/cathie-wood-says-theres-a-stock-bubble-but-its-not-in-tech/ + +She doubled down on that today saying there is a disconnect between the valuations in public vs private markets, likely alluding to the fact that she sees her stocks as being undervalued whereas the value stocks are in a bubble: https://twitter.com/CathieDWood/status/1483742793432547328 +I'm not knocking anyones hustle on trying to make money. I'm just curious how many people are actually successful at this as a FULL time gig. + +The scientific studies done on daytraders show that 99% of them lose money and that retail daytrading for a living is a virtual impossibility. I am really starting to feel those statistics weighing me down and am about ready to throw in the towel. + +Would anyone be willing to share their trading statements showing they profit consistently along with the strategies they use? Do you trade low floats, options, etc? +I need some serious motivation and even a shred of hope by seeing that other people succeed and it is possible I believe would help. +Anyone else annoyed by this? I find a lot of people who don’t understand how money or taxes work often make flippant/skeptical comments, especially about wealthier people, saying “oh that’s just so they can write it off on their taxes”, as if they’re not still taking a loss or financial hit by doing something (like donating to charity). + +These people often believe that writing something off means you’re either not losing any money or maybe even somehow *making* money off of the transaction in question. + +I heard on a radio show some guy called in and bragged about how he bought a truck he can’t afford because he can “write it off” since he was a general contractor. That’s seriously how he justified it mentally. Self-delusion. + +Just to be clear for anyone who doesn’t understand what writing something off means.... it merely means *you won’t be taxed* (income tax) on that amount. So it’s effectively a 20-40% discount on that particular spending/loss, which merely softens the blow. Overall you’re still worth less than before the expense. + +**Therefore you’d never want to spend/lose money that you weren’t going to spend/lose already for other reasons just to be able to “write something off”.** +Ive been holding BTC as an investment since 11k or so. And it is worth 47k now. (1BTC). Id like to move into a house and it would cover my downpayment. + +I understand that BTC may hit 1 million in the next 10 years. Although in the short term, ive reached my goal in life of being able to afford a house and the downpayment is staring me right in the face on my Ledger app. + +What do? I really dont want to sell my Bitcoin, but man do I want to get out of the apartment space. I feel like its trading one asset for another? +Yep. I said it. We know the conveyer belt. We know that Computershare gets the shares first, and by so doing, those shares receive the dividend before anyone else. If a broker is showing you your shares are split before Computershare, they're ~~Lying~~ FTDing your shares to you. This is why DRS even after the split IS THE ANSWER! DRS your shares. + +&#x200B; + +It's that simple. +I've always been a little curious about this - some people seem to consider their salary not just an "*undisclosed amount*", but like...a secret. Something that nobody should know. I'm not sure I completely follow that line of thinking, but I also understand that if that information were to get out, there might be conflict within organizations or friends/families. Then again, some companies willingly publicize their salaries (though not many). + +In your lead-up to financial independence, do you personally consider your salary to be a secret? Meaning...would you like it to be one, or do you not care who knows? + +And...if your salary weren't a secret, what's the worst thing that you think could happen to you? +Hi! So. Yeah. I found out my grandparents put me on the title and I'm set to inherit it when they find their ancestors, so to speak. Thats in roughly 20ish years, but because apparently this is a HUGE deal because its a very old apartment in a very envied area. Should I know anything beforehand, like if I'll need a property manager or any of that? + +My idea is to just rent it. But I don't know if I can do that since I might own it. And yes,I've been told we literally own it, and nd my understanding is that they just pay the property tax and upkeep (utilities). What should I know before I tackle this, 'cuz I know that it'll fall into my hands a little earlier than expected as one may get severe dementia and the other is doing his own thing. He recently sold his super expensive apartment (near inwood park, overlooking the river, bridge, etc) and is going to live off that till he skids into his grave out of breath. + +I'm asking nOW in case there are things to keep in mind. I won't be doing anything with this information (as I need to focus on graduating) and so around my 30/40s is when I'll seriously look into what I should do. The problem is that I do not want to *ever* live in new york because I have *done it before* and it was a bad experience all around. It'll continue to be a bad experience if I decide to go back, so I'm not sure I can be an away landlord. IF i decide to rent, I'll hire all the folks needed to where I could be like a silent party (if possible). IF i sell, I'll just be paying debts the family has (that would follow me) and then reinvest whats left. + +Please understand this is a little overwhelming because I just found out, and my years definitely show. + +EDIT: I don't live in new york and I don't plan on living there again. Did it before, just wasn't for me. + +Second Edit: Lots of assumptions that I'm a spoiled rich kid. I moved far away from toxic family and I live on very little (think ~500/mo). I see this as a burden because of family history on my mom's side. Forgive me, as I've come across as this bitchy, entitled girl. I would've rather lived my life with little contact from that side of the family as possible and not be tied to them financially, as one family member already allegedly mucked up my credit before I was even 18. Heck, there's been murmers I'd be married soon. As a gal I didn't really have a chance to do what I wanted had I stayed. And finally, I should clarify. Extended family and my mom are poor (~40,000/year or less in expensive areas). My dad has no part in this, and he's doing well for himself, but mom and pop have divorced and pop is taking care of his daughter and his wife. Specifically, I'm dealing with my rich grandparents but everyone else has no lawyers or whatnot. + +Final edit: I got tons of good advice! Mostly to chill out and to quit being a pessimist about inherting possibly a good thing- just have to go through the muck for a while. So What i'm gonna do is just wait a couple years (Graduate college) and then get specific information about everything about the apartment. From there, I speak to a lawer and then possible a real estate agent. If my aunt continues to live there, I'll tell her I'll assume responsibilities for the place (say around 27/28) if she wants to so that she can focus on her family since I am currently a childless lady. I'll not live in it ever, and my grandmother may want to be in it 6mos out of the year, but I can still sublease at least one bedroom or whatnot. I'll cross that bridge when I get it. thanks a lot r/pf! + +Thanks! +Back story: + +I’m 23 years old, I have about 63k saved in liquid cash. 20k in a HYSA as my emergency fund. About 4K in different stocks using an app. The rest just in my regular bank savings account (I know I know). Part of it is me being an entrepreneur at heart and just wanting the cash ready when I’m ready to start a business and the other half is just he high of seeing the numbers. + +I have around 5k in student loans I’ve been paying $60 a month on. No other debts at all. I contribute 6% to my 401k and company matches up to 5%. + +I recently got a promotion/raise and am about to start making 90k from make 78k. + +How do I get over this “thrill” of seeing the numbers in my bank account and just start investing it in other places. Cause I really don’t need the money on hand any time soon. I might buy a house in ~2years but that’s it. After this raise I know I’ll have a lot of extra cash flow. + +Any advice is welcome. + +Edit: Definitely didn’t think this post would get this much recognition lol But I have decided to open up a personal capital account to start tracking my net worth, I will start by contributing the full amount to a Roth and paying off my student loans. + +Side question: for brokerage accounts, index funds, other ways to invest etc. are these done through apps or is it like banking? +So I have been watching a few IPO's and I find it a bit striking that the company that is going to launch the IPO starts trading with insiders if you will, like today with ABNB. So these insiders got in at $68 and then when it really went public it was already at $148 making all those people a ton of money. +How is this different from insider trading? +A friend of mine told me about this and I called up and found out it's true. They don't ask for proof but at some point in the future they'll ask you for proof when it's time to renew. BRK.A is one of the highest priced stocks I've ever seen, but BRK.B is about 160 a share. I bought a couple shares so I don't have to lie to the rep on the phone. So I hope to make a couple bucks on the BRK.B share, and get my GEICO discount. + +The 8% is NOT on top of any other discount you already get, so for example, I already get a 5% discount so I'll get another 3% from the BRK.B stock-ownership. + +GOOD TIMES. + +Original thread: https://www.reddit.com/r/RobinHood/comments/65xk98/psa_if_you_own_a_single_share_of/ by /u/UXAndrew +Hello fellow smoothbrains, hope everyone is staying afloat in the sea of red. + +I'm relatively new to stock market - so far only investing in speccy stocks to roll the dice on those mad gains (looking at you HIO). + +Never invested in ETFs or Divvy stocks before but seeing as the market is fucked I figure it's probably a good time to "buy the dip bro". + +Currently looking at throwing cash at VHY - interestingly the share price is quite steady compared with rest of the market. + +Am I smoothing out more wrinkles by investing in VHY now? Or is it as good a time as ever? + +Bonus question(s) for anyone who's using the SuperHero platform to trade - how do Dividends work on that platform? Will they just get added to my balance to re-invest? Can I opt to have them automatically re-invested in the stock they came from? + +May the yields be ever in your favour +All you degenerate risk-taking dribblers need to find a healthier outlet to get your jollies. Rather than gambling away your wife's boyfriend's football scholarship every week by making rushed and poor paper-handed decisions, maybe you should unwind by riding by some beachside towns or mountainside, before you get the focus needed to start the week by weaving through traffic back to the big smoke. Not only will you get a supplemental legal rush for your weekend, but you also won't spend it sweating your junk portfolio while the market is closed. Beers and rides soon, ten baggers eventually +Please read this to the end if you currently hold EM1 shares. + +Emerge Gaming Ltd (ASX:EM1) plans to generate revenue by building out a (?predominantly) mobile-device based gaming hub that users pay a nominal monthly subscription fee to access in order to compete for a chance at substantial prizes. + +At the moment they have many announcements fleshing out three movement towards this goal: a deal with MTN South Africa, achieving Microsoft ISV Partner status, and Miggster Mobile via TIM/ICT. + + +**1. MTN ARENA** + +MTN group is a South African telecommunciations company who, through various Esports channels, has agreed to distribute Emerge's tournament technology branded as MTN Arena, for which Emerge would receive a cut. This arrangement has grown quickly to first 10,000 and most recently 25,000 users, each ostensibly paying \~A7.50-$A8.00 per month (billed by MTN). However, it is suspiciously unclear how much of this drops through to Emerge and we won't find out until the Q1 report is released despite the fact that EIGHT market sensitive announcements have been released about this deal since 23 June. + + +**2. MICROSOFT ISV PARTNER** + +This is more of an accreditation than deal or partnership of any kind. Microsoft has over 300,000 ISV partners and this is of no specific revenue value. + + +**3. MIGGSTER MOBILE, ICT AND TIM** + +This is where things get really fun. + +The next string of market sensitive announcements released by EM1 were about deals with a Spanish company called Tecnología de Impacto Múltiple SL (TIM), who are ostensibly offering the allure millions of users and providing a "guarantee" of 100,000 users on EM1's tournament platform under the brand MIGGSTER Mobile with a $A12 monthly subscription fee, 64% of which drops through to Emerge. However, as far as the terms go, the guarantee seems to be toothless as they only actually agree to pay half the prize money Emerge puts forward in the event the 100,000 user target is not met. I think this would amount to a payment of only about US$125,000. + +TIM actually belongs to, or also trades as (its confusing okay) Impact Crowd Technology SL, similarly/formerly/otherwise known as Crowd1 (but this is based in the UAE??) and all three of them owned or operated at various and overlapping times by Johan Stael von Holstein, a Swedish "tech entrepreneur". If someone has the time to go through and unravel this more precisely, please reach out to me - but what I have here is "directionally correct". + +At a casual glance TIM is just a Spain-based shell company, but it's so much more! + +In November 2019, the Norwegian gaming authority ruled it was a pyramid scheme, several months later Crowd1 offices in Burundi were raided, with 300 people arrested and 17 imprisoned for promoting Crowd1 in a ponzi fraud scheme. More recently in Paraguay the authorities issued a fraud warning against investing with or dealing with Crowd1, as did the Bank of Namibia. The Philippines SEC, and New Zealand FMA have also issued similar warnings naming Crowd1, and Impact Crowd Technology specifically. + +So, *this* is the company that has been providing Emerge with the figure of 1.8m and 3m pregregistered users and engaged in the promotion of the MIGGSTER Mobile platform. + + +**4. IN CONCLUSION** + +In a world where Esports is conjures up packed arenas watching professional gamers compete at CS:GO, League of Legends, World of Warcraft, Fortnite and similar, I think it is fair to say that Emerge Gaming is not really an Esports company so much as it is new and cynical take on harvesting clicks and monetizing mobile phone users (there's actually wording suspiciously like this on the Crowd1 website.) + +I stopped researching at this point, and will be very interested to see what comes out in the next 4C due in a few days time. + +Do your own research (please, it's quite entertaining and I haven't even touched on the past of the MD Gregory Stevens!) + +Good luck to all holders. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +I don’t mind getting ass fucked if my stupidity has caused it but this seems pretty fucken unethical and borderline illegal. + +All the instos and sophs would be having a good old laugh at the expense of us share holders. + +Is there anyway SP doesn’t get smashed tomorrow? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Ok so I am feeling long term bullish on a Aussie medical cannabis. + +I have 3.5 reasons why going down in argument strength: +1) regulated but legal medicinal cannabis products will likely become available in Australia in the next year or two +1.5) even in if legalisation is slow continued global medical testing will create some demand +2) being an island in woop woop and strong regulatory bodies Aussie companies might have a competitive advantage at home and in the OCE +3) due to higher regulations and premium manufacturing costs there will be a premium on Australian products but they could be marketed as premium medical grace products + +Please tell me why I’m wrong, I’ve been sitting on a red CAN holding for a while but I’m convinced it’s long term bullish. Lord save my soul on the gambling I’m doing on the penny stocks +Coming from a medical background pretty much every medical or biotech spec that I’ve looked into on the ASX is usually overvalued dogshit having outrageous valuations cough ^(RAC) or expensive tech with a huge barrier to entry cough ^(IBX). + +Imagine it’s the same for people who actually know things about mining and geology listen to morons like me talk about lithium spodumene (still don’t know what it is) or halloysite (fairly sure it’s only used to make toilets). + +But ASX:NYR is probably the only medical spec company I’ve stumbled across that kind of looks like an outrageous opportunity? + +NYR are pretty much your classic ASX med spec who have found a compound called NYX-PCSK9i to for use as an LDL cholesterol lowering drug which is currently undergoing phase 1 trials. + +Drugs for high cholesterol are pretty unsexy from a drug development standpoint, mainly because there are currently cheap and efficacious treatments for high cholesterol through the drug class ‘Statin’ like Lipitor (Atorvastatin), Crestor (Rosuvastatin) and a bunch of others, which currently represent more than a $20b per year global market, ie a fucking shitload, making them the most prescribed drug class in the world. + +But because western society is so unhealthy and hypercholesterolemia is so common, there is still a big % of the population that statins are either contraindicated in or can’t reduce a persons cholesterol levels down to target. It’s estimated that around 70% of patients at risk of cardiovascular disease do not reach their target LDL (bad cholesterol) target with a Statin alone. Congrats to the fatty boombahs, great job. + +That’s the market NYR are trying to target, cholesterol reduction in patients where lone statin therapy has failed. Again pretty unsexy, but to put it into context the current second-line treatment for hypercholesterolemia is a drug called ezetimibe, usually given to the boombahs who are already taking Statin’s. + +In the 2018 PBS expenditure report, Ezetimibe was the 34th most PBS prescribed drug in Australia and cost the government around $65m for that period. It’s been prescribed so much that it’s spawned a bunch of new products throwing Ezetimibe in the same tablet as a statin like Rozuzet and Atozet. Globally ezetimibe is somewhere near the top 100 most prescribed drugs in the world. Jeepers’ + +So that’s the aim of NYR’s cardiovascular program – discover a cholesterol lowering drug that’s not trying to compete with statins, but be better than ezetimibe and swallow the entire second-line hypercholesterolemia market. + +So that’s all pretty shit boring, but what’s not is the results of this new NYX-PCSK9i compound they’ve found. The results for their in-vivo study using mouse model genetically modified to mimic human-like characteristics concerning cholesterol metabolism and cardiovascular health showed the following from ASX announcement 29/06/21; + +&#x200B; + +https://preview.redd.it/m05p2hfewyn71.png?width=393&format=png&auto=webp&s=c283044eff7d3e2a305b9920057f6f5ac70b5b2b + +Their drug was more effective at cholesterol reduction than the statin Lipitor – which is exciting in itself – but again given how cheap Statins are to manufacture and how well tolerated they are it’s unlikely any compound will usurp them as a first-line treatment in the immediate future. The more interesting part is how NYX-PCSK9i performed when given in addition to Lipitor, showing a 65% reduction in total cholesterol; + +This shits all over our old friend Ezetimibe, which only achieves a 12% reduction in total cholesterol when given as a sole agent, and between 40-60% when given with a statin. + +So this random ASX shit co has discovered one of the best cholesterol lowering agents ever trialed from an in-vivo (not yet tested humans) standpoint. Not only that, but it’s the first known time a PCSK9 inhibitor has ever been found as an orally administered compound. + +All other discovered PCSK9 inhibitors (alirocumab (Pralulent), evolocumab and bococizumab) are monoclonal antibodies (MAB) which are outrageously expensive, crippling their applications. So much so that Pfizer withdrew the last one, bococizumab, from development in November 2016, determining that it was "not likely to provide value to patients, physicians or shareholders." + +Interested to hear people’s thoughts on this, they’re about to enter toxicology and safety study's with human trials set for 2022. Pretty big swing for a company with a market cap of $43m, and one of the few med specs that actually looks to be a good opportunity. + +So DYOR, say good luck to the galahs and god bless the boombahs +I've seen so many posts along the lines of "I don't know what I'm going to tell my kids this year, we can't afford any gifts." I understand the struggle, I really do, due to circumstances my family is facing this year, gifts will be scarce, if any. As a child, Christmas was often giftless as well. But one thing I think we've forgotten is being able to spend time with your family is a gift of its own. I've little family now to spend Christmas with, and I've worked through many holidays until this year. Please don't take for granted the fact you can be there with your family this holiday. There's so many things you can do this year to celebrate the holidays without blowing much money. + +Baking is a fun and great way to spend time with your family. You can bake cookies as gifts, or bake over the weekend/holiday together with your family. Here's some butter-free cookie recipes I like to use, since butter is quite expensive now. [Peanut butter Cookies](https://bellyfull.net/peanut-butter-cookies/), [Sugar Cookies](https://www.food.com/recipe/grandmas-soft-sugar-cookies-11345), [Chocolate Chip Cookies](https://www.thefrugalsouth.com/easy-no-butter-chocolate-chip-cookies-recipe/), and [Oatmeal Cookies](https://getonmyplate.com/oatmeal-cookie-recipe-without-butter/#recipe). This [oatmeal lace cookie](https://addapinch.com/oatmeal-lace-cookies-recipe/) recipe uses butter, but yields 60 cookies. Its been a Joy to make cookies with my family, and we have gifted some at school/work. + +You can make homemade ornaments with your children to decorate the tree with, as well to keep for the years to come. Name and date them, you can make it a cherished tradition that will serve as keepsakes later. Depending on your budget and already available supplies, there's quite an array of ornaments you could make. [Pop sickle Stick Ornaments](https://www.funlovingfamilies.com/diy-popsicle-stick-ornaments/), [Construction paper ornaments](https://twitchetts.com/2020/10/construction-paper-christmas-crafts.html/), gather pine cones and paint them, or coat them in get glitter glue, your child's imagination can run wild. You can make a [Popcorn string garland](https://chaoticallyyours.com/string-popcorn/) together. If you can't afford a tree, there's tons of variations of wall trees you can make with various supplies. + +If alcohol is in the budget and you near an Aldis you can make this [3 i](https://2cookinmamas.com/easy-sangria-for-memorial-day/)[ngrediant sangria](https://2cookinmamas.com/easy-sangria-for-memorial-day/) (you can omit the fruit all together really) with their $3 wine. I also like to do a shot of [caramel vodka](https://www.totalwine.com/spirits/vodka/flavored-vodka/candy-ice-cream/smirnoff-kissed-caramel/p/126981750?glia=true&s=928) into a cup of chilled spiced apple cider. + +I love to put on holiday themed movies, bring out the cookies, pop some popcorn and watch with my family. We play board games, put on festive music, recall stories and laugh together. If we had a fireplace, we'd definitely have that going. Sometimes we put on Christmas music made in other countries while we do these activities, its rather amusing and interesting. + +Have the focus of your Holidays be centered around your friends and family. They won't be around forever, but material item's will always be available year round. + +Don't be afraid to reach out to your local food pantries and churches if you are in need of food. Your Christmas dinner may be far from traditional, but its far better than going hungry if it doesn't have to be an option. Check your local buy nothing groups, you may be surprised what people give away for free. +I want to start a small side business where I will be allowing the public to use my telescope, either by actively taking some people out for a night or just setting it up somewhere public. But before I take it out and make money, I'm wanting to upgrade the gear. + +Am I right that the new gear I buy will be tax deductible (proportionately to how much is used for business vs personal), even before I start making money? What about the cost of everything I've already bought from previous years, can those costs somehow be made tax deductible? +I've been using a lot of different news sites and watching for quarterly reports etc, but, do any of you have specific sites or feeds that you follow before market open to get a good feel for the day ahead? + +Edit: Thanks for all the suggestions guys, I'll look into any of the ones I didn't know about. +The Interview: [https://www.youtube.com/watch?v=VLr9w9Ulrss](https://www.youtube.com/watch?v=VLr9w9Ulrss) + +The other day I did an interview with [u/Phihix](https://www.reddit.com/user/Phihix/), if you don't already know who he is, he's a talented scalper as demonstrated by his performance in February thus far: + +https://preview.redd.it/3egkuvlg8ph61.png?width=1270&format=png&auto=webp&s=879dd2205500191aab853b2a2105001b7f67fd6f + +I've known him for close to a year now and we trade very similar styles. He's a huge inspiration for me and reminds me the ceiling is far higher than what I tell myself and he's constantly moving it higher. This is what his chart would look like after an active day of trading: + +https://preview.redd.it/10nj1t9h8ph61.png?width=806&format=png&auto=webp&s=dabd7ca147efd59edb934974f1cb6539a75d9a18 + +I know others here respect Kyle as a trader like I do and may be interested in what he has to say- The Interview: [https://www.youtube.com/watch?v=VLr9w9Ulrss](https://www.youtube.com/watch?v=VLr9w9Ulrss) +Checking in after 6 months to re-balance and see that CCP doesnt even have these listed as there ETF recommendation anymore. Is this investment strategy already obsolete? +Hello! + +I am in my mid-20's, am still doing my undergrad and will likely be doing so for the next two years due to me wanting to change my degree, and work a part time job on the side. Eventually I want to go to grad school post-grad and own my own living space, etc. Do not have much debt aside from student loans. + +I started investing in June and bought XEQT since it was a decent bet considering my risk tolerance. I am still interested in XEQT and still trying to learn more about personal finance and stocks in my free time. I guess because I am young, I am not sure if I am making the right choice by putting it all into XEQT? I see some people allocating larger portions for more speculative and growth stocks, but I feel like not many younger people are talking about dividend stocks. + +I have XEQT and some blue chip stocks that I consider to be staples (ie ENB, BAM, etc). I am wondering if my entire portfolio ends up being: 60%: XEQT, 15%: TEC, 25%: Dividend stocks and growth stocks ... is this a horribly bad allocation? I am not sure? I want a higher risk tolerance since I am still young, but am not sure if I am going down a decent track. +Hey guys, I am just a couple months into crypto and do not have all the experience to decide what I should do for now and the upcoming months. So I have an open question about what is a wise thing to do: + +I have invested in altcoins because there are projects such as VEN, WTC, ENG, SUB, IOTA, OMG, NEO & POE that I believe have a big chance to be mass adopted and intergrated in real life use cases, however since BTC is paving the way for a new bullrun everything else is dropping and I see my wallet shrinking in sat as well as euros. So what would you recommend to do in relation to the current and future market perspective? For example, put money back into BTC or buy more alts now everything is going on discount again? +It looks like the Market has dried out...apparently there are no buyers...possible that investors are waiting for the regulations to kick in. +According to ICOdata, a total of $6 billion were raised on 2017 alone (884 ico's) and another $3 billions in 2018 (368 ico's). +Correct me if I am wrong, but the majority of these ICO's were ETH based crowdfunding... +Can someone explain why the ETH price sits at around $610? After all, the ETH based ICO crowdfunding process should drive the price up significantly. +About a year ago I logged in to my company pension and was massively disappointed. + +Id been with the company for 3 years paid mostly minimum wage and making the minimum contributions. After 3 years it was a grand total of £782.74! + +It was then I decided I needed to get serious about my future, so I changed the fund to L&G PMC World (ex-UK) Index and increased my contributions from 5% to 15%, today it's sitting at £2875.98! I know it's not huge but it's better than nothing. We've been told of our payrise in work so I've increased my contribution again to 20%. It's a damn shame my employer will not budge from the 3%. + +Also in April with everything going Pete Tong and the stock market plummeting I decided to open a Trading 212 account I've been adding little and often to it and I've currently invested £971.76 again small change to many of the people here, my investments are sitting up 23.59% not bad for my first year! + +This is on top of putting money into a LISA. + +I guess I've been pretty lucky I can do this, I've been in work all through Corona so my wage hasn't been affected and I was able to get in at the bottom of the market crashing. + +&#x200B; + +So yep that's my humble brag for the year, paying down debts (0% interest) while increasing my savings +Something I don’t see a lot of is how people go about budgeting for travel. Do you save a set dollar amount per year? A percentage of income (net or gross). +If travel is one of your top priorities how do you make room for this in your budget? +Soldier who saved the majority of his money with deployments and eating at the chow hall majority of the time. I did not purchase a vehicle or get any loans. + +One year left in the Army and I want to start thinking about investing. I want to make my money flip, so I am willing to make big investment. Any ideas for me? + +EDIT: I can live with family after I finish my service rent free. +The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from Massachusetts, on Wednesday. "Inflation is like an illness, and medicine needs to be tailored to the specific problem. Otherwise you could make things a lot worse," Warren told Fed Chairman Jerome Powell during a Senate Banking Committee hearing. "You could actually tip the economy into a recession," she said. The Fed has no control over global oil prices that are driving up gas prices, Warren said. "What's worse than high inflation and low unemployment?" Warren asked. "High inflation and recession with millions of people out of work," she answered. "I hope you consider that before you drive this economy off a cliff," she said. + +[https://www.marketwatch.com/story/sen-warren-warns-fed-chair-powell-not-to-drive-this-economy-off-a-cliff-2022-06-22?mod=mw\_latestnews](https://www.marketwatch.com/story/sen-warren-warns-fed-chair-powell-not-to-drive-this-economy-off-a-cliff-2022-06-22?mod=mw_latestnews) +So last year I purchased a home that had two additional units in the back yard. One unit is 2/1 and other is 1/1. All units were previously renovated by the seller and are in great shape. I live upfront in the main house that’s a 2/1. + +I paid 250k for it. I only put 3.5% down and currently financing through an FHA loan. My monthly mortgage is $1810.00... yeah MIP sucks, but we had no other choice at the time, so we went with FHA. + +I’m currently renting the units out for $900 and $725 respectively. I’ve been doing this for 1 full year now, and I must say, it’s probably the best single decision I’ve ever made in my life. I’m living virtually mortgage free, and can use my income towards savings etc. + +I’ve only had my “big boy” job for 2 years. So I have so much to catch up on. I have literally no retirement savings besides about a few thousand in a Roth IRA. I’m 30 years old. + +Salary:50k +Savings: 4K (doubles as emergency savings for my rental units) + +Wife makes 40k +She has no retirement savings either. + +Monthly Bills: +Electricity: $60 +Water: $80 +Gas: $40 +Tenant water: $80 (we pay their water) +Rental home insurance: $62.50 +Car: $700 month (financing 2 used cars) +Car insurance: $250 ( full coverage both cars) +Phone:$122 (two lines) + +How are we currently doing? And what do we need to work on to be in a better place financially? + +This isn't even gonna be an in depth post, I'm just trying to let anyone know that RBC has dipped to 40-45c + +&#x200B; + +If you feel like you missed the boat just know if they deliver like they say and manage to even capture 10% of UNI's market cap this token will be worth $80. That's my argument, you've all heard enough about RBC. They just did an AMA as well. They've got their own approach to scaling solutions and L2. + +&#x200B; + +All the other DEX's do too but really what real DEX coin that's working hasn't done good this year? + +&#x200B; + +You didn't miss the boat guys, this probably our last time here and it'll just be looking back from this point. +Congrats to those who got into OPCT. In last few days, it has been seeing the value it deserves. + +More to come. + +The marketcap is still extremely low : 7million + +The team is solid and will deliver even more. + +Enjoy the ride. +Hi, I'm 24 and from Portugal. I finished my Master's in English this year, but I'm having a tough time finding a job in the field. I landed a job in a warehouse last week just to make some money (minimum wage), while I'm looking for something more suitable for me. Any advice on what to do with a mininum wage job in terms of saving, investing, etc.? + +Edit: Thank you for your help (the ones that helped). I'll be reading through the answers as soon as I get home. +I know wealth is of course relative - £500,000 might be a fortune to some and pennies to others - but does anybody know of any examples of people who became wealthy through simply sensibly choices and consumption habits? + +&#x200B; + +I'm not in a STEM field, I'm not a software engineer, a lawyer, accountant etc and I will probably never acquire a salary that is lucrative enough on it's own to consider myself 'wealthy'. I was wondering if this sub had any examples of people they knew who became 'wealthy' on modest wages? + +&#x200B; + +For context, I would personally consider wealthy to be mortgage paid off and either being able to travel/indulge regularly or FIRE. +Most of people keep saying "I am here for the long run" yet when the market is red (blood from nose red, not blood in the streets red) they keep checking charts 100 times per day, panicking and so on. + +I will understand it if you are trying to time the market. Good luck with that though I got rekt everytime when I tried it. + +But seriously, what is the point of doing that? You are not going to learn anything new if you just keep watching the prices over and over again. + +You may destroy your social life by watching it all the time, for example you go out with your friends on a coffee or something and there you are with a phone in your hand every couple of minutes watching the charts. + +I don't see the point, really. + +Maybe you should think about "chilling out" from charts a little bit and go for a walk or something, just enjoy in something else. Stop killing your brain cells. +I’m trying to diversify out of tech and think with the vaccine airlines will come back slowly but surely. Boeing lost $6 per share this year and down on their revenues obviously due to COVID but I was reading their SEC filings over the past 3 years and their growth looks good. Am I completely off? +Hi UKPF, my Dad just noticed this on his Marcus account and I had no idea it was an option. + + +I know a lot of you have savings in Marcus so you'll be interested to know that even though the 1.5% bonus drops to 1.34% after 12 months, you can extend it for another full year, keeping the 1.5% bonus! This is good news for me as mine was going to dip next month, meaning I'd have to find an equally decent bank to move my saving to. + +&#x200B; + +To do it, login to Marcus, click 'View' on your account and then on the right hand side of the page you should see "Review your savings". Finally click "Renew your bonus". + +&#x200B; + +Apologies if this was common knowledge, but it wasn't on my radar and I know a lot of us will want to know this :) +I have a question from the segment played last night on the 7:30 Report "Betting on the house" + +https://i.imgur.com/AdLfbi1.jpg + +The graph above was shown along with the narration "Analysis provided to 7:30 by the Reserve Bank confirm that rates of home ownership fell among every age group between 2011 and 2016" + +What I don't understand is that the graph basically shows every single age group that *could* buy a property...so the obvious question they didn't follow up with is who is buying the property if it's not anyone in that graph? + +Inb4 "foreign investors" - it's not enough to just say this is the cause without further expansion into the details behind why. + +I wanted to make those post for all those people who get those same thoughts as me and tell you what makes me feel better about it all. + +There’s constant moments where I sit there and tell myself, “man if I would have put my money in...”, and beat myself up over what appeared to be easy money. In reality though, there was no way I could’ve known that a company was going to 2X, 3X 4X, etc. The reality is, just as easily as it doubled, it could’ve halved. + +The constant worry, regret, resentment, and remorse becomes too much for us investors, and we have to realize that yeah we could’ve made 240K if we bet let’s say 30K of our money on black at the casino and it hit three times in a row. The thing is though, it just as easily could’ve hit red on the first spin and we sit there with nothing. + +Some things to think about. Cheers! +I don't want this to be a sob story or one where i ask for pity. + +I started with 70 dollars in my account, was able to double it in a week due to the usdcad going up and down so often. + +Roughly about 27 hours ago i bought a decent position into the euro and went to bed. Not thinking by the time i woke up i would all but 3 dollars because of the usd dollar. I didn't put a stop loss because i wasn't planning on sleeping but i dozed off. I made a huge mistake and i learned from it big time. + +My current question though. Is it worth it to even try to build my account back up. Or would it just be better to walk away. At this point 3 dollars is not really enough to even make much. It would take weeks to build up my account to even 70 again. Assuming that i can double my money each week ( very very unlikely). + + +So whats next? + +i'm just going over my whole journey and wondered is there even any one that can prove they really made what they say they made, cause i'm a trader i've made a few thousand but lost it, using the same strategy etc not hating but i hate looking at people saying there gods and making 500 pips a week etc with raris rolexs you name it but don't show any proof there really doing it !!! anyone think the same there's that many fakes it seems to unbelievable to make millions in this industry now with all the manipulation sorry for the negative vent but it's bothering me lol +Started with trading a long time ago, but like almost everybody in the beginning. I lost a lot of money (emotional trading, not using SL always, dynamic spread etc etc.) but time to change this and trying to get the money back i lost and make profit again. Going to the basic by trying again with a demo account. + +The strategy I'm going to use is: +- support and resistence lines +- candle patterns that I know (like doji, Hammer, hanging man) +- rsi +- macd +- ichimoku clouds +- FA ( using the economic calendar, news, etc) + +Going to Use a mix of this of course. + +Are there other things you guys use and which you will recommend ??? + +And if There is enough interest I can post every monday (or every 2 weeks) my progress, starting next week. +I am from india and i want to know why dollar is so high in value even though fed basically pumped it into US economy. + + I know that the US had a healthy growth last year but i dont see it growing anywhere near the same in few years down the line. Also doesnt import much oil but it basically imports significant amount manufactured goods from outside. + +Can anyone offer me clarity on why is it trading at all time highs even now ? +Let's say I have a lot of disposible income, like we have tens of thousands of tries in order to get this right. I'm already profitable, but I've never understood this concept of how people take 1k to 100k in like a month. +I am starting to make money after 4 months of intensive developing strategy and emotions, but all I get from friends and family is that I'm making money too slow and I'm wasting time, or forex is a scam bullshit?! I can't even explain to them I can scale up and when i do that... I'll be rich soon.. +What do you say in one sentence to shut their 9-5 asses up? + +Lost around 97pips on AU and GA last week in just 2 days so I decided to stop trading for the week but then I saw a kangaroo tail on GA on daily TF and decided to put a sell stop of only 0.02 lot size and not look at the charts until Friday. Turned out to be my 2nd biggest trade of 161pips until now. + +1st one was 221pips on GJ few months ago. + +&#x200B; + +Trade I took: + +[https://www.tradingview.com/x/9g3TFzCS/](https://www.tradingview.com/x/9g3TFzCS/) + +I was looking for a reversal on the PRZ on the harmonic pattern. + +Saw a Kangaroo tail print on a zone which was also the D point for the harmonic pattern. I would've taken the trade even if I hadn't seen the harmonic pattern. Put sell stop below the kangaroo tail with TP being the next zone of 1.82500 and SL just above the Kangaroo tail. + +I was fine if the trade hit my SL so I didn't check the charts until Friday evening. I decided to close the trade manually because I was in enough profit to BE for the week and didnt want to leave it running over the weekend. +I'm new to forex and heard there are trading bots that can do the trading for you. Do they work perfectly and profitable? If they are, what would be the best bot as to your experiences? +Thank you. +I can make atleast 10% in a month using 0.5% risk per trade. Not sure if its enough to rely on it completely and quit my day job and switch career completely. + +Need advice from people who have become full time traders and quit their day job at some point. Please share how you decided that it was the right time to quit day job and what things did you consider before making that decision. + +And how did it go afterwards. +So ive only been trading forex for a couple of weeks, and whenever I look at other people trading (lets say youtube) I see them turning hundred dollar accounts into thousand dollar accounts. Is that really possible to do with good risk management. I couldnt see any one making that much per trade if they can only trade on 1000 dollar lots? ive been trading for two weeks with a hundred dollars and made 4 dollars (4 percent), +At what point would you start trading with your own money? After building your own strategy on demo accounts? After learning a few technical analysis strategies and focusing on them on a small scale live account? +I see a possible bearish divergence on GBPUSD. Just curious if I should take this into account especially since the geopolitical new being release about USA, Ukraine and Russia +This is the most fraudulent pile of dog shit I have ever heard of. Enron C-suite wants tips from Trevor. + +They have produced nothing. They have no patents. No warehouse. They rolled a truck down a hill and showed that video to potential investors.(multi billion dollar company treats their product like the book report I did in 5th grade when I didn’t read the book).The SEC and DOJ are putting man hours into this. + +This is a dumpster fire that will become a Netflix 6 part documentary.(without the twerking 10 yr olds, I’m sure Hollywood execs will be bummed on that exercise of artistic freedom) + +Even if you think this is all dog shit. Protect yourself. + +My gut trusts Madoff over Trevor(John Smith) Milton. + + +I have half my account in NKLA puts. They are getting hammered by market nonsense but they will print because this company is as healthy as flint tap water + +Edit: I was a little tipsy when I wrote this. Just to clarify. I have half of my gambling account In NKLA puts. My main account is boomer approved. Please don’t take me for financial advise. +Almost all of the volume data I’ve found doesn’t contain accurate pre/post market volume and inaccurate normal hours volume for larger cap stocks. How can I get volume that doesn’t have these issues. So far the only assets I’ve found that don’t have these issues are futures and possibly forex. +Pretty much in 2017 I bought my triplex, started cash flowing and it's going well since. Now I wanted to get another. since 2017 they have made increasingly harder in Canada lowering approved amounts. + +I was told that i put down 5 or 20% won't matter my revenue at nearly 90k is holding me back. Pretty much the most I can be approved for is 150k. + +Feels like a slap to the face, i was so excited for my next buy. +So this is it i guess 1 property for life or at least till i get a new job, that pays 50k more, like that's gonna happen, for my area im already pretty well paid. +Hello out there...I have a small amount of cash ($20K) that I'd like to put into a single family investment property. The $20K likely won't equate to 20% of the down payment in my market, so I was considering a home equity loan or line of credit to fund the rest of the down payment and try to get the mortgage through the same credit union providing the home equity loan. Does this make sense? Any other creative options I should consider? +\[Greater Seattle Metro\] I must have the magic touch to push listings off market because in the past week, I've contacted several that have been sitting for a few months and they've all delisted, and their agent never provided a response to my inquiry. On top of that, I've reached out to several agents to represent me as a buyer (including my former broker) and no one is hungry enough to call me back. Am I missing something? Does my email signature say "big big asshole" and no one told me? I get that it's Christmas but I thought most people were still at work this month... + + +Why aren't people more excited about a potential buyer right now? + +ETA: the listings are expiring lol heard back from one of the agents today + +ETA2: Suddenly one of them has an offer. To be fair this was the only agent who's been communicative so maybe it's not total BS. +I recently bought a home a couple of months ago in Texas in a low income area with a lot of rental homes, many of them being unpermitted. + +The house I bought had work that wasn't permitted (New bathroom addition inside the home and new HVAC). Well I decided to try a new AC contractor to work on the AC since it needed some minor work done but this contractor was unable to complete the work. He's asking me to pay him a service fee for $250 or he's going to complain to the city that I have a unpermitted home + +Should I be concerned and pay him for work he didn't do? Would the city even be able to get inside the home if it remains locked and you can't see any unpermitted work through the windows? +A family member has a co-worker with rental properties that just wants out, they are “tired of deal with bad tenants and evictions”. They have 7 properties that make up their 300K portfolio all in the 40-50K each range. All 7 properties are in Richmond MO, a town with a population of \~5.5K and flat growth. That being the case I wouldn’t expect to see much appreciation in the area, but it does seem that there may be other potential here. 6 of the properties are 2 bed one bath and the last is 1 bed one bath. Rents are in the 350-450 a month range currently, although from the looking around I did that could be very low for the area in general. In chatting with the current owner they “keep rents low to ensure occupancy”. It seems that in doing so they have probably attracted the wrong kind of tenants. + +The area is a much lower income area overall with a median income of 39K, In researching it would seem it is a lower income area mainly due to the fact that it is a small town out quite a ways. It does not look like a bad or dangerous area. + +Some quick math says the total monthly operating expenses should be in the \~$25-2600 range and current income in the $2800 range. Though I do feel as those leases renew the monthly income should be able to be brought up a decent bit. + +* $1800 for mortgage and insurance +* $250 a month for vacancy +* $250 a month for repairs +* $250 a month for property management + +In this post I am looking for high level thoughts, I do understand there is not near enough information to give the “deal” a yay or nay. In this I am just trying to learn all the things people would consider in evaluating an opportunity like this. + +Some questions + +* How does one determine ARV? Does that just come from experience? Are there tools I can help me to be more accurate in this? +* Is it better to avoid areas with flat population growth all-together? +Royal Bank is nearing it's all time high, and seems to have ran up quite a bit today. I was planning on buying first thing this morning but I was too busy and didn't have a chance to grab some under $101. + +P/E is under 12 and forward P/E around 10. Their most recent earning report was pretty solid overall. + +Is it still a good buy here or should I be looking to enter closer to $100? +Just some background information. I'm 38 years old, and currently use Investors Group to manage my retirement portfolio. I currently have $316,000 in my RRSP, and $13,000 in my TFSA. The investments are currently 85% equity / 13% Fixed Income / 2 % Balanced. + +I recently started following this SubReddit and started to learn a lot about investing (still a n00b though). This eventually inspired me to open an additional TFSA through WealthSimple and started to contribute additional money (XEQT). + +My question is.. would you ditch Investor's Group a manage everything on your own? I totally feel comfortable managing this exra money i'm currently adding to my TFSA... but not sure if it's a good or bad idea if I started managing my entire retirement portfolio.. hoping to get some opinions! :) + +Something else to consider.. the book cost for my RRSPs was $252k, and now sits at $316. So I have had a 25% rate of return since 2015. +I'll be done uni in Aug 2021 and Ontario loan OSAP interest will start accruing then. I'm guessing by then I'll have \~45k of OSAP loans to pay while I have \~50k across my chequings, savings, and investment accounts (both in TFSA mutual funds and non-registered stocks on WealthSimple). I try to be smart with saving my money and don't really spend frivolously. + +&#x200B; + +I have half a mind to pull out of my accounts and investments to pay OSAP off FULLY as soon as I graduate - the idea of being dept-free is immensely attractive to me so I can start from ground zero and save / invest with the \~5k I'll have leftover after paying. I live with my family and am confident in my abilities to get a decent-paying job (currently doing part-time at $25/hr as a research assistant, so hopefully that'll go full-time after graduating). + +&#x200B; + +What are the drawbacks of paying off OSAP in its entirety as soon as I graduate? I'm seeing a lot of people talking about going on RAP. Can I just pay back fully and go from there? Would a full payment look sketchy to the NSLSC or OSAP? Appreciate any guidance! + +&#x200B; + +\*this may be cross-posted for wider reach. +Well. I curious to peoples thoughts here. The price of oil is on the way down. +Demand hasn’t slowed. Economics says sell as we may hit a recession. +The experts are all in. It’s a sell off for some. I’m still in. I think oil can still hit $150 per barrel. +Do you love r/investing but scratch your head about r/wallstreetbets? Imagine it's got 290k YOLOers versus r/investing's 230k investors. + +Well, 4k YOLOers filled out a survey. See: http://imgur.com/gallery/3xwfI + +Highlights are: + +* 53% are under 25 years old +* 88% male +* 41% are students & 28% are engineers +* 44% have less than a year's experience +* 53% have less than $10k in their account +* 42% trade via Robinhood +* 50% trade stocks +* 50% want to learn how to trade options +* Trend following is the favorite strategy 26%, followed by rumors 18% + +Of course, it was a self selecting survey, and only 4k out of 290k but it's really interesting! Yes? + +Maybe the **mods** would consider a similar survey for r/investing? What you think? u/CrasyMike u/MasterCookSwag u/StockJock-e ? + +EDIT: 90k YOLOers, the cleverdicks at r/WSB have edited the css to add the 2 in front. lol. +Hello, + +Second, new account for privacy and anonymity. I've posted in here a few times throughout the years but am always active in the comments. + +Long story short, early to mid 20s. Started a marketing business young with a friend - because of nepotism and some luck, we made it work. From living in a triplex, to driving a shitty car, and investing, I'm sitting at about $1.3mm - $1.5mm NW. My NW was way higher last year but that seems to be all of us. + +I dropped out of college my second year with straight A's as a business major. Just kind of felt like I was wasting my time. + +I'm very passionate about real estate (RE Dev specifically) and medicine so now, I'm at the point in my life of "Do I consider going back to school to become a doctor?" + +I would have 2.5 more years of college, 4 years med school, 4 years residency, probably 2-3 years of surgery residency. We're looking at becoming a doctor, hopefully a cardiac surgeon, at like 40 years old or older. + +I've always loved health, medicine, how the human body works, and the whole medical/hospital atmosphere. + +I'm unsure if I should just try to be a developer of medical facilities? Maybe buy a practice? Even start a hospital? Invest in medical start-ups? I don't know. + +I fear the time it'd take to become a doctor, the cost, the opportunity cost, and abandoning my business for this. + +Really unsure what to do - if anybody could give me advice that'd be much appreciated! +My business is rapidly growing, and I anticipate being in the second highest tax bracket in 2019. I’m curious what methods business owners have taken to decrease tax burden. + +Apart from writing off business expenses and hiring a good CPA, my friend suggested moving to a state without income tax. He is moving to Nevada to avoid California state tax, saving him about 12% every year. As long as he is in CA for less than 6 months per year, he should be in the clear from an audit perspective. The rest of the time he says he’ll spend traveling the world (he runs a SaaS company) since Nevada doesn’t have a minimum stay requirement to establish residence. + +It seems like quite a reasonable plan to me, and I’m considering doing the same. Are there any other considerations I’m missing? Any other tax savings implemented by small business owners? +It’s just a peculiar thing, how people can do a complete 180 about something they were so convinced of before hand. anyway, what’s changed from last year to now? how has she gone from a revolutionary, daring, intelligent figure to a crazy lady shouting about Jesus with billions of dollars? +I'm a senior investment analyst in asset management with a decade of investment experience. Besides my full-time job, I'm passionate about teaching others the fundamentals of investing. Some of you have seen my tutorial on distressed investing on my blog Buyside Focus. Thank you for your encouraging comments. + +I've been thinking about creating an online course on practical stock analysis. Throughout my career I've taken many online open courses on investing. They are great resources and I applaud universities for creating open courseware. However, I've found them focused more on theories, macroeconomics, and portfolio allocation, and there isn't enough practical content on security analysis - including how to source potential long & short ideas, develop investment thesis, value the company, and assess the risks. + +So I want to gauge the community on your interest in such a course. What are your thoughts on the following 3 questions: + +How are you currently learning about stock analysis? Do you feel like there's enough good practical content on analyzing stocks? (books, online resources/blogs, friends/industry contacts, open courseware, etc) + +What would you like to learn from a practical equity investing course? (how to source ideas, develop investment thesis, valuation, etc) + +Would you be willing to pay for an equity investing course? + +Your answers will be very helpful in creating something that people want. Thanks! +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. +# Problem: + +[CCIP-001](https://np.reddit.com/r/CryptoCurrency/comments/k12wnd/moon_proposal_double_comment_karma/) was a governance poll that passed over a year ago and resulted in doubling the karma earned by comments relative to posts. However a consequence of this poll is that comments with negative karma also receive the 2x multiplier. + +For example, currently a comment that gets downvoted to -3 karma would count as -6 towards the Moons distribution. + +This was likely not the intended effect and users already often express hesitance to voice controversial opinions due to fear of being downvoted. Having this multiplier for negative karma only adds to this issue. + +# Solution: + +This proposal would prevent comments with negative Karma at the time of the snapshot from getting the 2x multiplier. + +Mathematically this could be calculated as: + +**final\_comment\_karma = Max(comment\_karma, 2\*comment\_karma)** + +To be clear, this proposal doesn't change the impact of downvotes on comments that have positive karma. For instance, a comment with 10 karma that gets downvoted to 9 would end up with 18 karma instead of 20 (as intended, so that last downvote still "counts 2x"). The proposal is only for comments that *end up* with negative karma. + +# Examples (if proposal passes): + +* A comment that gets -3 karma would count as -3 towards the Moons distribution +* A comment that gets +3 karma would **still** count as +6 towards the Moons distribution + +# Pros/Cons + +* Pro: Controversial opinions will be less penalized in comments +* Pro: Mass-downvote actions will be less impactful +* Con: Rewards for comment karma might be too high already +* Con: Some comments with negative karma are low-quality and deserve 2x multiplier + +[View Poll](https://www.reddit.com/poll/su9fy5) +Hi guys, + +BABA has been in a downtrend lately, was wondering if anyone else sees this as an opportunity. It is very appealing in this \~200$ zone. + +What do you guys think? Any major concerns I should be worried about? +Me(24M)and my girlfriend(23F)live together and we both work full time and we pay for everything ourselves. We have been struggling financially lately, especially with the insane inflation that’s been ongoing, but her brother(30M) and his fiancé(30F) keep asking us for money. My girlfriend feels bad because they have 2 kids so she gives in but it’s frustrating because we are already so tight on money and I have even been donating my plasma every week to help give us some more breathing room. + +They both work full time jobs too and I feel bad that they are struggling too and having to raise 2 kids but we have to look after ourselves too. I told my girlfriend to just say we can’t afford it or ignore their requests for money but she is a sucker because of the kids. They both drink pretty heavily too so I feel like we are just funding their drinking habits and not actually helping their childrenn. +Many doge investors have been lynching Barry Silbert for his tweet. And the same people worship Elon when he tweets and manipulates the market. Some can say, it is because one is helping doge, and the other is hurting it. I genuinely think this is also wrong. Elon doesn't help doge, doge helps Elon. It is not simply doge that gains popularity, it is mostly Elon who gains popularity. And don't forget! In this market if you win, others lose and vice versa, so the majority of the community (if there is one) will lose money. So if you vote for a manipulator, it is likely that you will be the one who is being manipulated. + +Btw I'm neither a Doge investor nor a hater. I can see Doge's popularity can help the crypto space, but I can also see the danger of it. Thıs post is not about doge, it is about populists, manipulators. +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. + +If you FIRE as a renter, and then later on in life decide that you may want to get a house, what options do you have for mortgage? From everything I've read it looks like almost nobody's going to give you any loans if you don't have actual income. Yet, I don't see this mentioned often or at all in this sub. Do people here know something about this situation? +Hey guys, Nurse Mimi the medi-ape is here. + +I'm ready to fix you up with a compilation of news and memes from yesterday/this morning. I will keep updating this throughout the day! + +**Congratulations to our banner winner!** + +[u\/Sad-Raspberry5735 - What everyone felt like whilst voting](https://preview.redd.it/1jnfweuk0wu61.png?width=600&format=png&auto=webp&s=462525806bb5c359ca347c0aac5b9893f0a0d9d2) + +&#x200B; + +[u\/woke0rthadox our winner after a total of 420,000 votes.](https://preview.redd.it/1ct92n525wu61.jpg?width=1600&format=pjpg&auto=webp&s=510fb7e8e98c59c4ea748a851dd243250c07d072) + +\--------------------------------------- + +\--------------------------------------- + +**BREAKING - IN TODAY! - THE NEWS WE HAVE ALL BEEN WAITING FOR!** + +(Edit 13:01 - More drama) + +[ News Flash GIFs | Tenor ](https://preview.redd.it/ykc7f6lvxwu61.png?width=634&format=png&auto=webp&s=6a7a34bc7cb0b486d58fffc2bcb85ac5d840262a) + +[u/Chump\_Mumu](https://www.reddit.com/user/Chump_Mumu/) Posted : + +"*Holy moly, are we about to go to the moon!!?!!?!!* + +*THE MOASS IS COMING!!!!! OMFG 😱"* + +[https://gamestop.gcs-web.com/node/18846/html](https://gamestop.gcs-web.com/node/18846/html) + +Mark on your calendar the following info: + +**Meeting Type:** Annual Meeting of Stockholders + +**Date:** Wednesday, June 09, 2021 + +**Time:** 10:00 AM, Central Daylight Time + +**Place:** 625 Westport Parkway, Grapevine, Texas 76051 + +**Read more here:** + +[(5) GameStop just filled the 14A : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwfqma/gamestop_just_filled_the_14a/) + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- HF/Bank Tears** + +**Section 2 - US Federal Related News** + +**Section 3 - GME Stock News** + +**Section 4 - Susanne Trimbath** + +**Section 5 - Motivational Posts** + +\----------------------------------------- + +**Section 1 - Hedgefund/Bank Tears** + +\----------------------------------------- + +[**u/gaudspd**](https://www.reddit.com/user/gaudspd/) **Points out this article which states:** + +*Informed Portfolio Management, a Swedish hedge fund that had relied on statistical models to devise its strategies, is set to shut its doors and return investor capital after losing roughly $4 billion during the pandemic.* + +*"IPM, whose main owner is Stockholm-based investment firm Catella AB, had assets under management of close to $5 billion in late 2019, before the pandemic hit. A year later, that amount had more than halved to $2 billion, with the investor exodus since then depleting assets to about $750 million."* + +Not sure if this is related to GME, but as we know this whole system is like a big spiderweb. Everything seems to be somehow connected! + +[Hedge Fund IPM Shuts Doors After Losing $4 Billion in Pandemic - BNN (bnnbloomberg.ca)](https://www.bnnbloomberg.ca/hedge-fund-ipm-shuts-doors-after-losing-4-billion-in-pandemic-1.1593731.amp.html) + +[(5) Another one bites the dust. "Hedge Fund IPM Shuts Doors After Losing $4 Billion in Pandemic" : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw9bqk/another_one_bites_the_dust_hedge_fund_ipm_shuts/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/boogie-time123**](https://www.reddit.com/user/boogie-time123/) **Posts:** + +[Big meeting in London Stock Exchange?](https://preview.redd.it/1b4yiftm2wu61.png?width=607&format=png&auto=webp&s=5810d8bc7a609a4a2250f3664684086d5c21a5da) + +In the comments u/[hebejebez](https://www.reddit.com/user/hebejebez/) writes: + +*"There seems to be a climate rebellion March round there, some of them just smashed HSBC's windows with a hammer. "* + +[(5) London Stock Exchange is so busy right now, it's LITERALLY OFF THE CHARTS !!! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1wx8/london_stock_exchange_is_so_busy_right_now_its/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/ledonskim754**](https://www.reddit.com/user/ledonskim754/) **Found this article:** + +*"Having the collateral to cover stock trading is important to oil the market cogs. With margin trading, it is critical, a lesson learned the hard way from “Bill” Hwang last month. From today, the SEC will decide which brokerages failed to cover their securities trading, and what punishments it will dish out."* + +[(5) Banks Raise $34 Billion to Comply with SEC Rule, Effective Today - The Tokenist : Wallstreetbetsnew (reddit.com)](https://www.reddit.com/r/Wallstreetbetsnew/comments/mvz6ae/banks_raise_34_billion_to_comply_with_sec_rule/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**More on the SEC, they appointed a new director of enforcement!** + +[**u/TheGargaglione**](https://www.reddit.com/user/TheGargaglione/) **writes in his post:** + +*I find this quote from her very interesting:* + +>*“I’m excited to join the Division of Enforcement’s team of deeply talented and committed public servants,” said Oh. “The Enforcement Division plays a critical role in protecting investors and maintaining fair, orderly, and efficient markets, essential components of the SEC’s mission. I am committed to working tirelessly to uncover and prosecute violations of the law,* ***whether by businesses or their leaders***\*, so that we can keep American capital markets the strongest in the world.”\* + +*Also, from GG himself:* + +>*“Our capital markets – and the broader economy – thrive when there are clear rules of the road and a cop on the beat to enforce them”“Alex brings to the role of Director the right combination of values and experience to vigorously root out wrongdoing in our markets. With her work as a prosecutor, pro bono experience, and time in private practice, she has the expertise as a highly respected lawyer to ensure that the SEC protects investors.”* + +[(5) SEC appoints new director of enforcment : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw8g6t/sec_appoints_new_director_of_enforcment/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/DelMonte20**](https://www.reddit.com/user/DelMonte20/) **Points out this article that states:** + +*"On Thursday, Credit Suisse posted a 757m Swiss franc ($827m; £594m) loss for the first three months of the year, having previously warned that losses could reach SFr900m.* + +*It would have been the bank's best trading quarter for a decade, but Credit Suisse was forced to write off SFr4.4bn related to the Archegos collapse."* + +[Greensill lender Credit Suisse suffers 'unacceptable' loss - BBC News](https://www.bbc.co.uk/news/business-56841945) + +[(5) Credit Suisse asking for $2bn from investors following losses due to Archegos (HF) and Greensill collapse. Further evidence of financial institutions across the world struggling right now. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1l9f/credit_suisse_asking_for_2bn_from_investors/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Doggoonewild**](https://www.reddit.com/user/Doggoonewild/) **posts:** + +[Naughty naughty Kenny!](https://preview.redd.it/7rbq8nvp4wu61.jpg?width=640&format=pjpg&auto=webp&s=a40a1131caccdfc2d09f1ded689cfe303970b241) + +[Citadel alum charged with $2.4m PPP loan scam : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw3jd3/citadel_alum_charged_with_24m_ppp_loan_scam/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 2 - US Federal Related News** + +\----------------------------------------- + +[**u/TPGADSL**](https://www.reddit.com/user/TPGADSL/) **Writes:** + +*" The USD is the reserve currency of the world for a reason. To make global investors lose all confidence in the US market is nothing short of self-destruction and would lead to a lot more than just the collapse of the stock market."* + +Mimi ELIA: Basically, the USA wants juicy foreign tendies, so cannot look like they would play an unfair game. + +[(5) The United States Government WILL NOT and more importantly CAN NOT step in to stop shorts from having to cover : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwa9r8/the_united_states_government_will_not_and_more/?utm_medium=android_app&utm_source=share) + +&#x200B; + +[ u\/Solid\_Adeptness\_5978 ](https://preview.redd.it/7t2111zexvu61.jpg?width=640&format=pjpg&auto=webp&s=1d6e5852d7151e7b951b857d18a280c04a9a698b) + +\----------------------------------------- + +u/Arteryblock **Shares:** + +&#x200B; + +[\(I'm not even sure if this is good or bad. Any apes know?\)](https://preview.redd.it/7re6xcj80wu61.jpg?width=960&format=pjpg&auto=webp&s=cbdd4522c3aaa816df32f27488f0bd603f2d705d) + +**In the comment section,** u/Arteryblock **writes:** + +*"It’s not a great thing in itself. It just confirms the circle of corruption runs to the highest levels.* + +*The FTC up until now had the ability to recoup money from individuals or organisations if it was gained through wrongdoing/illegal activity. The Supreme Court just put an end to that.* + +*My understanding from this is the Supreme Court just gave the green light for ill gotten gains to continue without any repercussions. Totally normal, nothing to see here."* + +[(5) CONFIRMATION BIAS : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5vwn/confirmation_bias/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/LaserHawk\_**](https://www.reddit.com/user/LaserHawk_/) **Writes:** + +*"Who owns America? That depends who you ask. A growing body of opinion points to an obscure, but immensely powerful organisation called CEDE and Company.* + +*This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets. A complex system of interlocking bodies, such as The Depository Trust \&amp;amp;amp;amp;amp; Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede."* + +[https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205](https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205) + +[(5) Cede & Co. The secret trillion-dollar company that owns America : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/AliveAndWellness**](https://www.reddit.com/user/AliveAndWellness/) **Posts:** + +&#x200B; + +[ u\/AliveAndWellness ](https://preview.redd.it/6z9w0gw61wu61.jpg?width=640&format=pjpg&auto=webp&s=9b324f5038ff3473d7440b9593bd211e9e1f5e45) + +Perfect timing for the government if you ask me! Can it do with the pandemic instead of GME? Possibly. But it could also be because of the everything short and those sweet capital gains, if it gets implemented fast. + +And us Apes ALWAYS pay our taxes! + +\----------------------------------------- + +[**u/boogie-time123**](https://www.reddit.com/user/boogie-time123/) **Posts:** + +&#x200B; + +[Tweet from Domo Capital and Dr.Patrik Patel](https://preview.redd.it/u0g8pdl62wu61.png?width=671&format=png&auto=webp&s=134ef7bfc3660845fda81e48fbeaa05ce51f812d) + +\----------------------------------------- + +**Section 3 - GME Stock News** + +\----------------------------------------- + +[**u/r34p3rex**](https://www.reddit.com/user/r34p3rex/) **Posted that there is only 26M shares in the float!!!** + +*" I just finished reading through the* [*proxy statement*](https://gamestop.gcs-web.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc) *and they provided a list of all the >5% shareholders and the positions held by officers and board members. Even without including institutions that hold less than 5%, the total public float available is only around 26M! Imagine how many institutions just didn't make the cut-off! Here's a table that summarizes the list:* [*https://i.imgur.com/DttUhbK.png*](https://i.imgur.com/DttUhbK.png) *"* + +[GME Proxy Statement DD: \~26M shares in public float!! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwh4ne/gme_proxy_statement_dd_26m_shares_in_public_float/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Leenixus**](https://www.reddit.com/user/Leenixus/) **Posted about earnings/dividends/voting:** + +*Final Conclusion* + +* ***Final Assumption on Dividends:*** *The next earnings date that will be as we know somewhere around the 9'th of June. The dividend is likely to be announced 2 days after earnings on Friday the 11'th of June.* +* ***Final Assumption on the Dividends Recording Date:*** *The share record date for the dividend will be the 25'th of June. Bonus, might join the Russel 1000.* +* ***Final Assumption on the Voting Date:*** *Based on the above, the date where we get to vote should be some time between the* ***04/22 - 5/12***\*. If you want to be liberal about it, sure, it could go all the way up to 5/16 till we get to vote.\* +* ***Final Assumption on the 400 000 dead puts:*** *We'll see another "Mega" attack sometime before the end of April or the start of May. I recon they are accumulating borrowable shares (why do borrowable shares keep disappearing daily but no price drops?) & combining them with this last ditch effort puts that they rolled over from the 16'th. One last hurrah.*[(2) Speculative DD - The near future : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mv2mqa/speculative_dd_the_near_future/) + +\----------------------------------------- + +[**u/Long-Setting**](https://www.reddit.com/user/Long-Setting/) **Writes:** + +"*We called out weeks ago that hedgies would drop the SandP500, DOW, and NASDAQ and make it correlate directly with GME to shake as many 📄 🤚 off the rocket.* + +*We also called out that they’d make it trade sideways as long as possible to bore everyone out of their positions and pump and dump other “meme stocks” or distractions to FOMO into.* + +*Buy and HODL, nothing has changed."* + +[Quick update to the indexes sharp drop and GME “dropping” : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwa6am/quick_update_to_the_indexes_sharp_drop_and_gme/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/TDETLES**](https://www.reddit.com/user/TDETLES/) **Posts:** + +*" I have been taking some looks at the Level 2 information and it seems that when "they" want to drop the price, "they" use smaller lots of bids and asks - today was lots of 11."* + +&#x200B; + +[ 11 shares were being traded back and forth the entire time we saw a drop in the price down by $10 ](https://preview.redd.it/9iujkqrt5wu61.png?width=2805&format=png&auto=webp&s=8a31a10de2a2b6ab4f199039ac56f4e6e8ffcb9e) + +[This drop is synthetic and I think we might be holding for longer than we expect before the tendieman comes. Be prepared for that and don't get fatigued. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwbk4y/this_drop_is_synthetic_and_i_think_we_might_be/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1mag1n3\_cgh**](https://www.reddit.com/user/1mag1n3_cgh/) **Posts:** + +[Visual representation of FTD cycles](https://preview.redd.it/1cyp6yh97wu61.png?width=960&format=png&auto=webp&s=ce22b952bae0c127a10e8bff189d9630436f175c) + +(Edit:11:26 GMT) Updated visual representation found by u/[boahmali](https://www.reddit.com/user/boahmali/) + +&#x200B; + +[u\/1mag1n3\_cgh just posted this update!](https://preview.redd.it/9fm42kp6hwu61.png?width=960&format=png&auto=webp&s=b30717f243112bd1b6168484d2d60dcf3f54d9fc) + +It will be interesting to see what happens! No dates though! + +[A Visual Analysis Showing the 21 Day GME FTD Cycle. You can see there have been price jumps on each of the "21 Trading Day" cycles. No dates - just lines, triangles and some words & numbers (get your wife's boyfriend to read you those parts). Anyone know the FTD data within these cycles? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw2fqk/a_visual_analysis_showing_the_21_day_gme_ftd/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/kamayatzee**](https://www.reddit.com/user/kamayatzee/) **Posts:** + +&#x200B; + +[ Tuesday \(4\/20\) Yesterday \(4\/21\) and Today \(4\/22\) rank #3, #1, and #2 in lowest volume, respectively. ](https://preview.redd.it/hpjfgrkj7wu61.png?width=243&format=png&auto=webp&s=f128dbd8d8f293e39287876fdd0f8c2943f77630) + +"*We would have to go all the way back to November 18th, 2020 to find a lower volume day (\~3.169 million shares).* + +*-Only 5 days have volume under 5 million in 2021.* *4* *of those occurred in the last 12 trading days."* + +[(5) LIQUIDITY IS DRYING UP! THE 3 LOWEST VOLUME TRADING DAYS IN 2021 HAVE ALL OCCURRED IN THE LAST 3 DAYS : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwde2v/liquidity_is_drying_up_the_3_lowest_volume/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 4 - Susanne Trimbath** + +\----------------------------------------- + +[u/JohnLilburne](https://www.reddit.com/user/JohnLilburne/) Shares that Dr.Susanna Trimbath wored for the DTCC and wrote a book, coming to very similar conclusions as u/atobitt. (This doesn't mean to say Mr.Atobitt copied her, they could have both done the research and come to the same conclusions. This strengthens his argument!) + +[Dr.Susanne Trimbaths book. u\/hornie877 commented: \\"that book cover looks so interesting like Kenny Griffy Boy \(KGB\) falling from his throne, about to be impaled through his arse like a Sheesh kebab\\".](https://preview.redd.it/z959443g8wu61.jpg?width=640&format=pjpg&auto=webp&s=c3e32c37f1e225cf6ab01b5a8b8bb6af5dd27ce6) + +[Before u/atobitt, there was Susanne Trimbath. Everything he was talking about yesterday, is in this book. Please read it. She worked at DTC. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw37ef/before_uatobitt_there_was_susanne_trimbath/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1337St0nks**](https://www.reddit.com/user/1337St0nks/) **Posts this to ask us to follow Dr.Trimbath if we use twitter.** + +[Dr.Trimbaths twitter posts](https://preview.redd.it/xypnt96u8wu61.jpg?width=640&format=pjpg&auto=webp&s=413bd7c54a087707f0185bfd50e83fc425cec7f3) + +[If you have Twitter give @SusanneTrimbath a follow!💎🙌🏻 author of : Naked, Short and Greedy. Wall street’s failure to deliver : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw410l/if_you_have_twitter_give_susannetrimbath_a_follow/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Golden\_D9**](https://www.reddit.com/user/Golden_D9/) **Posts:** + +*After* [*u/Atobitt*](https://www.reddit.com/u/Atobitt/) *amazing DD yesterday, 2 sources emerged that basically confirmed Atobitt's DD to be factually correct: The book "Naked, Short and Greedy" by Wall Street whistleblower* *Dr. Susanne Trimbath* *(Link here:* [*https://spiramus.com/naked-short-and-greedy*](https://spiramus.com/naked-short-and-greedy)*), and the paper "The Rise and Effects of the Indirect Holding System" by law professor* *David C. Donald* *(Link here:* [*https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf*](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf)*).* + +*I think these 2 very accomplished individuals know a lot about the evidently fraudulent financial market and* *apes would benefit greatly if we could invite these 2 for an AMA session in the future*\*.\* + +**An AMA with Dr.Trimbath? Bring it on! I wish she would be called to testify for us in the Senate!** + +[Re: Atobitt's HOC1: How Would Apes Like it if the Mods Invited Dr. Susanne Trimbath and Prof. David C. Donald for an AMA Interview? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw448c/re_atobitts_hoc1_how_would_apes_like_it_if_the/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 5 - Motivational pieces** + +\----------------------------------------- + +[**u/wheresthatbeef**](https://www.reddit.com/user/wheresthatbeef/) **Posts:** + +*"My wife’s boyfriend is taking her on a fancy date tonight while I’m eating a crayon sandwich and watching a virtual bobber until it tells me to right click.* + +*I can watch a line move right for a damn year. I love getting my tits jacked for dates, and the longer the squeeze is put off the more meaningless dates I get to jack my tits while watching the line move right."* + +[I fish in RPGs for fun. You think you can Fucking bore me out? No chance : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw68x7/i_fish_in_rpgs_for_fun_you_think_you_can_fucking/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/MrHandos**](https://www.reddit.com/user/MrHandos/) **Shared:** + +[Just a lil' reminder.](https://preview.redd.it/vuyvhy76awu61.jpg?width=640&format=pjpg&auto=webp&s=b381b525b5aa8e528579957ea63ee51dcac83586) + +[(5) Just a quick reminder 🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mwawe6/just_a_quick_reminder/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**Rheged\_Gaming**](https://www.reddit.com/user/Rheged_Gaming/) **Commented:** + +*"Diamonds hearts and diamonds minds produce priceless finds."* + +**That's some beauty right there apes. \*sniffs\*** + +\----------------------------------------- + +**Thank you for reading. I will conclude this with saying that if you need a prescription for memes, please follow the link below:** + +[MEME Compilation - 22/04/21 - Nurse Mimi's Prescriptive Memes (Daily Dose). : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw5j43/meme_compilation_220421_nurse_mimis_prescriptive/gvg5ghd/?context=3) + +**If you want to read yesterdays news, please follow the link below:** + + [(2) MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 22/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mw1ap0/morning_news_and_obligatory_memes_from_mediape/) + +**If you want to read tomorrows news, please follow the link below:** + +[ MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 24/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxidiw/morning_news_and_obligatory_memes_from_mediape/) + +**Lots of love,** + +**Nurse Mimi** + +(Edit 11:49 GMT: Forgot to add obligatory rockets!) + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +Happy Quad-Witching Superstonk! + +What does this mean? + +Historically nothing, but it's fun to talk about : + +* Quadruple witching refers to a date on which derivatives of stock index futures, stock index options, stock options, and single stock futures expire simultaneously. + +This doesn't necessarily infer market volatility but we could see increased arbitrage and volume today + +I expect to see a lot of near OTM puts to get loaded up today with the ultimate goal to keep us trading at or near this weeks max pain of 220. + +Hopefully by close of market today we hear some confirmation on the ATM offering, regardless I expect lots of volatility next week as the Russel rebalancing occurs. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157(previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +Closed down from max pain. Today was as uneventful as expected, but at least we avoided the put gamma below 200. Stay tuned for my DD coming out this weekend and I will see you all bright and early Monday for another week of hopefully less sideways trading. + +https://preview.redd.it/p8j0p5uvy2671.png?width=702&format=png&auto=webp&s=fe1f7626d8e6101bd8a73ef0e098099d6b544e0a + +\- Gherkinit + +Edit 6 3:05 + +When people ask why we get dragged around by the market so much + +https://preview.redd.it/w202yz6lo2671.png?width=1638&format=png&auto=webp&s=8d4f27902d3c301af955efb9f6c19c5aecc103b5 + +Edit 5 2:22 + +Possible climb back to max pain intiated + +https://preview.redd.it/gfhegf8tg2671.png?width=1632&format=png&auto=webp&s=ec376dc9088c4330d1f227c46b06f1de36076f47 + +Edit 4 1:33 + +Still nothing this is just a slow day. The market is volatile but holding. GME no volume and just getting pulled around by market pressure. I expect closing at or near max pain is the best possibility for the day. + +https://preview.redd.it/f0hkiy3f82671.png?width=1647&format=png&auto=webp&s=143597e2dc17cd2e964682c49ced24866a26b8c0 + +Edit 3 11:47 + +Slow climb back up to VWAP market down but holding. The volume is awful I wouldn't be surprised if we just end near or below max pain for the week. + +https://preview.redd.it/xlxidck8p1671.png?width=1655&format=png&auto=webp&s=76034f5e376e85b7f9bf8c23e708210f999ebdbc + +Edit 2 10:20 + +SPY is stabilizing for now GME running down on non-existent volume just hit 1M for the day. I'm not super worried about the price till below 210. After 210 there is a decent amount of put pressure. + +https://preview.redd.it/xt11irnv91671.png?width=1455&format=png&auto=webp&s=79705e994e124f5f94b71710269e0bbdb396efd5 + +Edit 1 9:48 + +So GME just absolutely sideways. The market seems to be holding on. Looking to see if the spy slips 417. + +https://preview.redd.it/na4ubqe241671.png?width=1367&format=png&auto=webp&s=2819b1c336c022481d0c342bb21f67bbb8c3aca6 + +# Pre-Market Analysis + +Pre-Edit 2 8:40 + +The spy has officially entered it's correction range I was waiting to confirm this. This looks at least moderately serious. If it crosses below that lower support we may be looking at a flash crash type scenario. This could benefit GME as it can force margin calls. Remain calm while GME might not have a crazy quad-witching the rest of the market could. + +https://preview.redd.it/6c7g5u7ur0671.png?width=1636&format=png&auto=webp&s=0e2fbf87b4ddf1000d1bd554b334f0cf3011f462 + +Today will either be pretty flat with some downward pressure to maintain max pain . The shares borrowed yesterday have yet to be returned so shares available to borrow stands at 1.015M (1M from Fidelity). Pre-Market is pretty flat today Volume at 16k (8:15am EDT). With the broader market issues (SPY and RRP) and MSM pushing AMC this week we could just see more sideways trading till some sort of announcement is made. + +https://preview.redd.it/bzqlutbkn0671.png?width=1641&format=png&auto=webp&s=55ab11d40c695363ce7da9d8e5af4df14ae91ba8 + +One other note the cup & handle from this [weeks DD](https://www.reddit.com/r/Superstonk/comments/nz1x01/jerkin_it_with_gherkinit_forward_looking_ta_for/) looks like it is nearing it's breakout on the 1D and the lower Bollinger band has moved back inside the Keltner channel (indicating higher probability of breakout) . + +[Cup & Handle on 1D timescale](https://preview.redd.it/dublvdplo0671.png?width=2038&format=png&auto=webp&s=f0bf858eaf343e7cf6d680bd5a8b0ebfae95801b) + +&#x200B; + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Andrew Bailey, governor of the bank of England was "concerned" about Bitcoin being used as legal tender in El Salvador. + +&#x200B; + +>***It concerns me that a country would choose it as its national currency … What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.*** + +&#x200B; + +Thankfully Nayib Bukele is a chad and he responded by tweeting + +&#x200B; + +>**I’m really concerned about Bank of England printing money out of thin air. Bank of England is ‘worried’ about El Salvador’s adoption of bitcoin? Really? I guess Bank of England’s interest in the well-being of our people is genuine. Right? I mean, they have always cared about our people. Always. Gotta love Bank of England.** + +&#x200B; + +This man also bought the dip yesteday with 150 Bitcoin and and tweeted + +&#x200B; + +>**Missed the f\*\*\*ing bottom by 7 minutes** **📷** + +&#x200B; + +TLDR: Nayib Bukele is a chad and knows how to put greedy bankers back in their own place. +Engrave a private key on a metal plate, put some Bitcoin in the associated address, and launch it to the Moon. At some point as the value of Bitcoin rises and the cost of launch comes down, it will be worth it to send a mission to retrieve it. + +Anyone who wants to add to the bounty can send coins to the address. +Hello, im new to the investing world and I learned a lot from reading here and there, but there is one thing I cant seem to find the answer. + +On Questrade, if I compare two etf, one with a low yield can have a bigger dividend then a high yield one. For exemple, $ITA have a 0,90% yield and a div of 0,4343$ but $ZRE have a 4,78% yield but a 0,085$ div? Which one us better for long term or in general? + +Thanks in advance! +If you put a % in crypto, do you buy and hold or do you rebalance to stay in target? + +Option 1 increases your risk and possible returns, while option 2 reduces risk and possible returns in exchange of actual returns (when it goes up). + +I guess the arguments for hodl vs rebalancing can be applied to all assets or stocks, but crypto is on a new frontier with bulls thinking it can reach millions $/coin and bears predicting it will go back to 0. +I'm having some trouble understanding "dividend tax credits". I've looked at a few articles, this one has been the clearest https://www.investopedia.com/terms/d/dividendtaxcredit.asp (which is written specifically for Canadians), but I'm still confused about what we have to do when filing our tax return. + +Are dividend tax credits something we have to apply for separately, or is everything automatically taken care of when we report the T5 forms in our tax return? +I'm a beginner to investing. I'm currently enjoying The Intelligent Investor audiobook, with commentary from Jason Zweig. + +I'm about halfway through and so far it's a great book. I'm just looking for clarification on one of Graham's main points, which, to my limited understanding, seems to be contradictory. + +Chapter one of this book is all about investment versus speculation. Graham makes the point very clear that you should mostly ignore all of the market pundits and industry experts, and Zweig's commentary sites multiple experts that failed to outperform the market in the past. (Like the Motely Fool's "foolish 4") + +They both make it very clear that your "mad money," or speculative money, should be no more than 10% of earnings, because obviously the average investor cannot beat the market. + +HOWEVER, in chapter four of the book, Graham compares two types of investors: active and passive. He says the active investor can expect a higher return than the passive investor if he is willing to put in more work. He even advocates for changing your stock-to-bond-ratio based on the overall market price. + +My question is, does not this fall contradictory to what he highlighted in chapter one? If the passive investor is dollar cost averaging the market as a whole through the SP500 or the DJIA, and even the experts can't beat the market over the long run, then how can the active investment approach expect any more return the passive investor? + +I guess I'm having trouble differentiating Graham's definitions of the "active" or "enterprising" investor, and the "speculator." + +Sorry if this is a stupid question, I'm young enough that I just started working. No money invested, no experience. + +THANKS!! +EDIT: Ignore the article, y'all, it's not related to MBOX. However, I will say this is an odd stock that deserves to have more attention put on it. + +EDIT 2: Some more speculation, this time in regards to GME. Per the CTA, MBOX was having trouble with LULD pauses. Could LULD pauses be the reason for the software issue? Hard to say for certain, but I think it is possible that the massive discrepancy in ask prices on a stock like GME could cause a major problem. I think it's similar to those random, incremental "bumps" in price we saw throughout March that were about $100-$300 above the current price of the stock. I'm wondering if hedgies found themselves in a position where some of their buy orders to cover part of their shorts reached past the intended threshold. Meaning, the ask prices are so far outside the current price that it caused a LULD pause that would toss GME into the stratosphere in a second. Of course, in this situation, the system is not built to handle a large price jump like that...pretty much at all. Stocks going down in price rapidly, sure, but stocks reaching price points miles above the current price in seconds? Much less likely. That's why we saw the pause all over the NYSE. Citadel has checks that can't be cashed, which is evident by the system unable to handle a MOASS style event. + +&#x200B; + +Sorry for the clickbait title, apes, but I think I've found something interesting + +So we've all been talking about the hot new thing with the recent negative volume and the more recent connection towards the \[CTA\]([https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886)). Simply put, there was a restart from the CTA today that affected the volume of many different stocks on the NYSE (many of the meme stocks being affected to note). What is interesting is what stands out for the reason given - that mainly being LULD pauses. A LULD (limit up - limit down) pause is essentially what we've seen many times throughout GME's volatility beginning in January, i.e. automatic stops when prices reach far past established trading bands. + +[https://securitiesce.com/what-is-the-limit-up-limit-down-rule/](https://securitiesce.com/what-is-the-limit-up-limit-down-rule/) + +Curious, I kept wondering what exactly this "software issue" was to cause such a large problem as affecting many stocks in the NYSE, and why it affected the stocks that it did. Reading further down the list of their problems I stumbled across something interesting. + +"In connection with the restart of CTS/CQS from 11:32 A.M., CTS/CQS has been unable to correct previously published incorrect LULD bands for security symbol MBOX. Participant exchanges have been notified to ignore the incorrect LULD bands for MBOX. " + +I had two thoughts when I read this: 1. What exactly is MBOX? 2. Why can't it be corrected? So I did some digging and came across what exactly this stock specializes in. + +[https://marketchameleon.com/Overview/MBOX/DailyCharts/](https://marketchameleon.com/Overview/MBOX/DailyCharts/) + +MBOX - or Freedom Day Dividend - is an ETF that does not have a whole lot of information about it. In fact, most of the news surrounding seems to be coming from years ago. At first, I thought it was just some boomer retirement stock, but one of the few news pieces from 2018 caught my eye. + +\[Is It Time to Short Long-Term Bonds with This Stock?\]([https://marketchameleon.com/Blog/post/2018/02/20/is-it-time-to-short-long-term-bonds-with-this-fund](https://marketchameleon.com/Blog/post/2018/02/20/is-it-time-to-short-long-term-bonds-with-this-fund)) + +In short, this article mentions another stock as a potential ETF for MBOX to invest in - \[TBT\]([https://www.proshares.com/funds/sds.html](https://www.proshares.com/funds/sds.html)) - that would aim to short long-term bonds due to rising interest rates. This goes in line with what u/Atobitt and Michael Burry have both shown with rising interest rates to curb hyperinflation and the role bonds play in the market. And while the article is from 2018, it paints a picture of where MBOX is likely to be headed in terms of a financial direction. What's even more interesting is the fact that MBOX's volume is, well, it's weird, to say the least. In fact, \*today\* shows perhaps the only volume in MBOX in pretty much forever. + +Here's where things get a bit speculative. Is it possible MBOX is responsible for the "software issue" that the CTA mentions? Or is it somehow correlated with the belief of rising interest rates and margin calls that will soon come a-knocking? Not sure, and will probably need some big brain apes to perhaps look into it more. + +TL;DR: Found an ETF, MBOX, that the CTA mentions can't correct their incorrect LULD bands. MBOX could have ties to shorting long-term bonds due to rising interest rates = higher margin requirements = hedgies fuk. + +And as always, this ain't financial advice, and thank you for coming to my TED Talk. +fucking bullish I can’t even get my head around it. This was foretold in the DD that we would be painted in this light and here we are, a year later and they’re trying to sway public opinion about us. How can anyone not be bullish about that? Buy, DRS, hold is all I know. I’m sorry if doing this breaks the economy but if it does, maybe it was already broken… +[Link](https://investors.palantir.com/news-details/2021/Palantir-Reports-49-Revenue-Growth-117M-in-Cash-Flow-from-Operations-up-404M-YY-and-151M-in-Adj.-Free-Cash-Flow-up-441M-YY-for-Q1-2021) + +Figures in thousands + +|Particular|Q121|Q120|Percentage Change| +|:-|:-|:-|:-| +|Revenue|341,234|229,327|49%| +|Gross Profit|267,123|165,033|61.8%| +|Net Operating loss|(114,014)|(70,185)|62%| +|Net loss|(123,372)|(54,274)|123%| +|Adjusted EBITDA|119,820|(12,407)|| + +&#x200B; + +The stock is up 8% today. The market has liked this report. The company is trading at close to 37 Billion dollars market cap right now right now. + +the outlook provided by management + + + +>**Outlook** +> +>For Q2 2021, we expect: +> +>$360 million in revenue, representing year-over-year revenue growth of 43%. +> +>Adjusted operating margin of 23%. +> +>For full year 2021, we expect: +> +>Adjusted free cash flow in excess of $150 million. +> +>Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect: +> +>Annual revenue growth of 30% or greater for 2021 through 2025. +1. [https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf](https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf) +2. [https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf](https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf) +3. [https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf](https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf) +4. [https://www.bluebay.com/globalassets/documents/bluebay\_global-investment\_outlook-2020.pdf](https://www.bluebay.com/globalassets/documents/bluebay_global-investment_outlook-2020.pdf) +5. [https://pressroom.vanguard.com/nonindexed/Vanguard\_Global\_Economic\_Market\_Outlook\_2020.pdf](https://pressroom.vanguard.com/nonindexed/Vanguard_Global_Economic_Market_Outlook_2020.pdf) +6. [https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD](https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD) +7. [https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf](https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf) +8. [https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020\_finaal.pdf?sfvrsn=6](https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020_finaal.pdf?sfvrsn=6) +9. [https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo\_2019\_summary.pdf](https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo_2019_summary.pdf) +10. [https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf](https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf) +11. [https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf](https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf) +12. [https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf](https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf) +13. [https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf](https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf) +14. [https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI\_2020Outlook\_112719.pdf](https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI_2020Outlook_112719.pdf) +15. [https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf) +16. [https://www.research.unicredit.eu/DocsKey/economics\_docs\_2019\_175295.ashx?M=D&R=74770732](https://www.research.unicredit.eu/DocsKey/economics_docs_2019_175295.ashx?M=D&R=74770732) +17. [https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en](https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en) +18. [https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=\_dl\_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM\_inline](https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=_dl_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM_inline) +19. [https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf](https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf) +20. [https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf](https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf) +21. [http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7](http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7) +22. [https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf](https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf) +I’ve received two calls over the couple months from Sallie Mae concerning first my sister, then my mom. Both calls I’ve ignored and let go to voicemail. In both cases the representative was asking me to provide contact information for my sister/mom and claimed it was a “time sensitive matter”. I believe these calls are legitimate because my family is terrible with money and have a history of defaulting on loans. My question is, do I have any obligation to respond to these calls? I am not close with my mom or sister and I would prefer to stay out of it entirely if possible. Thanks for any advice. +To gain financial independence one of the things you have to do is save money. One way to save lots of money is to live in a very cheap home. Most of the very cheap homes on the east coast tend to be either in very small towns far from the job centers or in a bad part of town. + +Would you consider living in a bad neighborhood so you can save lots of money on your rent or mortgage so you can invest more for a very early financial independence? Why or why not, and tell us your stories! +First-home buyers will be handed incentives in Tuesday’s budget to help purchase newly built homes and boost construction jobs, with the nation facing the first negative net migration rate since 1946 and the lowest population growth in more than a century. + +With official fertility rates forecast to have fallen during the pandemic, Josh Frydenberg has warned of the economic impact from stalled population growth, which Treasury says will make Australia “smaller and older”. + +The federal government will announce on Saturday its plan to expand by 10,000 places the First Home Loan Deposit Scheme, which aims to help Australians buy properties more easily with a deposit as small as 5 per cent, and the government guaranteeing 15 per cent of the loan. + +Limited to new builds in a bid to boost economic activity, the government will also lift the price caps — to $950,000 from $700,000 in Sydney and to $850,000 from $600,000 in Melbourne — to reflect the higher cost of new dwellings. + +The most important fiscal and economic statement since World War II, Tuesday’s budget will also reveal a price tag for Victoria’s second COVID-19 outbreak of more than $44bn. This includes more than $12bn to $14bn in lost economic activity and direct­ commonwealth support since the stage-four lockdown was imposed, with the quarantine failures wiping two percentage points from national economic growth. + +In an interview with The Weekend Australian, the Treas­urer warned of a battle to avoid a “scarring” legacy from the pandemic on the labour market, especially for younger Australians. + +“We are worried about scarring on the labour market … A young person will see 8 per cent lower wages in the first year and up to 3 per cent after five years,” Mr Frydenberg said. + +“This is what we are focused on … avoiding the scarring … and getting people back into work. This budget is about jobs, jobs, jobs. It is about the here and now. We don’t have the luxury of monetary policy any more, we have to grow the economy to create more jobs.” + +The short-term economic growth agenda will likely focus, as first reported in The Australian late last month, on a new wage subsidy beyond the JobKeeper program, offering employers incentives to take on new workers. + +The demand-driven side of the budget will include bringing forward­ the next phase of the Morrison government’s personal income tax cuts, currently scheduled for 2022, to July. + +Scott Morrison said last week it was not the government’s intention to tell people how to spend their tax cuts, but the message from the budget will be centred on a higher disposable income­ going back into the economy, rather than savings. + +The government has already flagged tax incentives for investments, continued tax breaks for small businesses, the expansion of the First Home Loan Deposit Scheme, and the $1.5bn manufacturing plan. + +But the challenges remained significant, Mr Frydenberg said. Victoria had blown a massive hole in the nation’s finances but also the national economy. He said the singular focus of the government was to avoid the employment disasters of the 1980s and 1990s, when it took between six and 10 years to fully recover. + +He confirmed that the unemployment rate would come in lower than the Reserve Bank and Treasury’s initial forecasts of 10 per cent. + +The budget will reveal the September-quarter figures showing that the economic shutdown of Victoria sparked by the quarantine bungle and aged-care crisis would wipe more than $12bn to $14bn from the national economy. + +The total federal bailout of the state, including JobKeeper payments — the majority of which are now going to Victoria — is up to $28bn. “Jobs are coming back everywhere except for Victoria,” Mr Frydenberg said. + +“The hit to GDP in the September quarter from Victoria alone is two percentage points. About $12-14bn without extra spending. This doesn’t include the extension of JobKeeper. + +“The reason why jobs is so important in this budget is because unemployment goes up the elevators and comes down by the stairs. + +“Unemployment is now at 6.8 per cent and the budget will indicate it will go higher before the end of the year, off the back of Victoria­. But not as high as the 10 per cent initially forecast by Treasury”. + +The budget will include a revision of the net overseas migration rate, which in July was expected to fall sharply from about 154,000 in 2019-20, to 31,000 in 2020-21. + +The Treasurer confirmed that the impact on net overseas mig­ration would be a net outflow of people. “More people will be leaving Australian than coming in,” he said. “This is the first time since 1946 that this has happened.” + +Migration would eventually return to pre-pandemic levels, but the migrants lost would not be replaced­. Labour force participation would fall as a result. + +This would lower the average­ hours worked. Mr Frydenberg said while lower fertility rates due to the economic uncertainty families­ faced during COVID-19 would bounce back, the economy would face a longer-term challenge in rebooting the skilled migrant­ stream. + +Treasury will warn in the budget that lower population growth would also be fuelled by an “assumption­” that people would delay having children due to economic and health fears. + +The budget will forecast that the fertility rate of 1.69 babies per woman in 2019-20 would decline over the short to medium term. “It’s about the three Ps: popula­tion, participation, productivity,” Mr Frydenberg said. + +“While in the July update we said net overseas migration would fall from 154,000 in 19/20 to around 31,000 in 20/21, in the budget there will be an outflow in both 20/21 and 21/22. It will be a negative number in both years. + +“The fertility rate is obviously going down but it’s a function of people’s economic circumstances and as the economy strengthens … that number will rise.” + +He said there were silver linings on the employment numbers: 54 per cent of the jobs lost had been among women but about 60 per cent of those jobs had been recovered. + +And Mr Frydenberg said the higher savings rate — 19.8 per cent of income compared with 10.9 per cent during the global finan­cial crisis — was largely due to the inability of people to spend money during the lockdowns. + +He expected this to fall sharply as the economy reopened. This was already being reflected in retail­ sales figures that were now 12 per cent higher than a year ago. + +“We’ve been hit by this once in a century economic shock and the measures whether it’s about using our tax system to support families and businesses, boosting skills and training, bringing forward infrastructure or cutting red tape it’s all about getting people into jobs in the here and now,” the Treasurer said. + +https://www.theaustralian.com.au/nation/politics/budget-2020-new-homes-key-to-our-lost-population/news-story/96a1329f987af5b991d435cd8184c3e0 +This has been weighing on my mind a bit recently especially with a potential recession looming and [this article this morning](https://www.smh.com.au/national/i-was-a-banker-now-i-m-on-welfare-i-had-no-idea-how-hard-it-would-be-20220729-p5b5qc.html) reminded me of it - so I thought I'd throw it out to the Reddit hivemind. Are you worried about your job or industry being obsolete? Do you want to work up until old age? Do you plan to transition to something else, or working towards financial independence? + +Here are some anecdotal examples: + +* An old colleague of mine's Dad worked in construction. He had transitioned into more od a management role but was struggling physically - his joints were worn out, and the last time I spoke to her she said he had to bring his retirement forward. Financially they're okay but he had expected to work for another decade. + +* My Dad was in middle management and was made redundant in the 90s recession. He's worked on and off since then, but he was never able to find a similar role, especially as he got older. He didn't have a traffic accident like the bloke in the article but he find ageism a big barrier to employment. + +* My Mum is a bookkeeper, and by contrast, is still working and probably could for another decade. She says she's never really loved her job and the pay isn't amazing, but she's always in demand, and has been able to work part-time when she's wanted. + +* A friend of mine's partner worked in the travel industry up until the pandemic and was pretty much a lifer - until he wasn't. He's managed to find something else, but he never expected his entire industry to dry up. +I am a 26F and have only just started my career 2 years ago after finishing my degree. I have pretty much been working since I was 14 in various jobs and have saved a bit of money and also received what was left of my mum's super when she died. So I have about $150k in savings. + +I've invested about $15k of this into ETFs last year however I always thought that buying a house was the best investment you could make. However when I look at it I would be paying in interest what I am paying for rent and utilities now if I were to get a mortgage and also rates and body corp fees on top of that if I buy anything in a decent suburb. Also I would have to pay for any renovations/ repairs and if I were to move in a couple of years I would have to rent the place out which would come with even more risks if I get bad tenants. + +I am seriously considering going to back to uni to change careers and so I may have to move again. I would probably invest in a house if I had a higher paying job and I was secure enough in my career that I wouldn't have to move every few years but that isn't my situation. + +Given this, would it be best just to invest in ETFs, my super and keep a big savings account? +The title says it all really. I flooded the neighbour downstairs. My fault. Landlord owns the entire building. He wants me to pay £250 for his insurance excess. Am I right in thinking then I don't have to pay for the damages as the insurance will cover all the rest? Thank you! +Some of you all might be disappointed that we didn't have a crazy bull day like yesterday. Take a step back and look at the hourly time frame. GME had a huge 50+% day yesterday and dropped only <2% today. This is just healthy consolidation on LOW Daily volume. + +This is what bulls want. RSI has cooled down on hourly. It's holding moving average supports and I'm thinking it will go back and retest today's highs next week. You want this to stair-step up when we don't have low volume and when big money steps in (notice how much room CMF has to curl up), then that's the big 20, 30, 40+% days. + +https://preview.redd.it/mj9m6romwfp61.png?width=1500&format=png&auto=webp&s=aa84f356e4e2df95a0751654d11d4649d195f702 +If I'm never planning on getting married and having 2 incomes, will I ever be able to afford a house? In my area a halfway decent house costs 550-600k, townhouses are like 500ish and condos are ~300k but I don't really want to invest in a townhouse, and definitely not a condo. Seems like I would have to make in the high 100k range just to afford a starter home that has a yard. People in my field and location don't make high 100's unless they're really senior and/or high performing (I'm an engineer). + +Is it simply impossible as a single person to compete against all the dual income married couples in the housing market unless you're making mega bucks? +https://www.ft.com/content/c30cf911-51da-4b40-a969-161351de6f04 + +Chinese ride-hailing group Didi Chuxing said it would delist from the New York Stock Exchange, accelerating China’s decoupling from US capital markets as Beijing cracks down on the country’s leading technology groups. + +The company, which has been hit by increased regulatory scrutiny in China, wrote on its official Weibo account on Friday that it would begin the process of delisting and prepare to go public in Hong Kong. + +Didi said in a separate statement its board had authorised the delisting in New York of its American depositary shares “while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognised stock exchange”. + +Hong Kong’s Hang Seng Tech index fell as much as 2.7 per cent on Friday following the news. Ecommerce group Alibaba dropped as much as 5.4 per cent and internet group Tencent lost as much as 3.3 per cent. + +Didi launched its $4.4bn New York initial public offering in June, making it the biggest listing by a Chinese company in the US since Alibaba in 2014. Days later, Chinese regulators ordered Didi’s app to be taken off domestic app stores. The company was also banned from signing up new users and subjected to a wide-ranging government investigation into its cyber security practices. + +The group’s shares have tumbled from the June IPO price of $14 to $7.80 at the New York close on Thursday. They initially rose in pre-market trading on Friday, but later gave up those gains. + +While big Chinese state-owned enterprises listed in the US have been targeted by the Biden and Trump administrations with investment bans, New York remained an attractive destination for China’s private-sector tech champions. + +In the immediate aftermath of Didi’s IPO, Chinese regulators signalled that other companies hoping to follow in its wake would be subject to more stringent approval procedures, especially if they managed data deemed sensitive by Beijing. + +I personally think the market will be even lower in a few months, I’m holding cash to buy at that time. + +If you are holding out for a lower market, what is your entry point? + +I threw in some significant money into etfs the last few months and am down about 2%. I don’t have plans to use this money but also would like it to be available not at a loss if need be, which is why I’ve stopped for now. I know there’s always a risk but with the current climate I feel strongly we will see much lower markets. +A lot of the posts I see seem to. E based around gaining financial independence for the purpose of early retirement, anyone just looking for FI for the comfort of never really worrying about money while continuing to work? What's your personal reason for pursuing financial independence? + +edit: Thanks for all the responses! I asked because I recently this year began to develop the desire for financial independence but always associated it with early retirement, which is not something that I am interested in. It is great to hear from similar minded people! Best of luck to everyone on their journey! +Is this like, a defined strategy? Saying something like "don't fight the fed" or "cash is king" doesn't really resonate with me, because the market is trading on expectations of what the FED will do in the future. If all signs are pointing towards the FED easing off rate hikes, wouldn't you expect those movements to be made before the FED came out and said "yeah we're done"? + +The way I look at the market right now, its + +#1. Down 20% off its peak +#2. Probably going to exceed that peak sometime in the next 1-10 years + +So I don't understand why you wouldn't be at least start DCAing now. Yes you can wait, and maybe it'll go lower, but will you buy then? How exactly have you defined an acceptable "bottom" to start buying in at? Waiting for the "vibe" to feel right feels risky to me, because once those signs are clear I'd anticipate stocks to rise relatively rapidly. Yeah you can buy in on an upswing, but you're just as likely to sit there and think "nah this isn't it", or come in late and miss out on a 5-10% gain (which is substantial when you're sitting on like 50-100k) + +I feel like if you have a large cash position right now you already won. You didn't buy into the peak, the markets down substantially, why wait? How do you see this going for yourself? I'd take the win +Reddit is full of engineers from Silicon Vally living the Mr Money Moustache lifestyle. + +Us Brits are playing a different game and I'm curious. + +How much money does everyone save per month that goes towards total net worth (Includes pension, does not include house mortgage) +I've opened a few bank accounts over the last month or so just to try them out and see what's been happening outside of Monzo. Revolut and Starling both have their perks, but you always hear amazing things about First Direct, so thought I'd give them a try. + +Opening an account with them was - by a LONG way - the most difficult of any debit/credit card I've ever opened, and when I got to the end of the week+ process...the app is incredibly bare-bones and boring? There's nothing interesting going on in there, you have to set up like 5 different passwords/secret answers, the entire thing just seems incredibly basic and I don't understand why everyone sings their praises. + +Is it a legacy thing? I'm aware FD had an app and other things long before the other high street banks, but is that the limit of what made them stand out? Since they don't seem to have 'kept up' with the challenger banks in this regard. The only other thing I can think of is the customer service, but I've never had an issue getting help/resolving issues with Monzo either. + +I'd love to hear thoughts from FD users to help me understand what makes these guys a great bank? I really don't mean this in a smarmy way at all, genuinely curious. To my eyes, it's a very basic bank account that does less than my other accounts and is much more hassle to manage. + +EDIT: Thank you all for your responses, sounds like I was largely correct that it's legacy and their telephone banking service being exceptional - for me, telephone banking is entirely irrelevant but I can see why they have such a positive image as a result especially as one of the first banks to have an app. +Seriously. Y'all are what keeps the gears turning and have helped GameStop more than anyone else. It's cool to see silverbacks and their massive DRS posts, but YOU deserve all the praise in the world and then some. Keep on holding, and remember: no cell, no sell. + +Not financial advice :) +Usual disclaimer: I don’t know what I’m talking about, all of this is probably wrong, fact check and do your own research. + +I wanted to jot down all the lasted info and resources on SR-NSCC-2021-801 and SR-NSCC-2021-002, and when they may get approved. I will refer to the changes as NSCC-801 and NSCC-002 for short. + +March 5, 2021: [DTCC Important Notice](https://www.dtcc.com/-/media/Files/pdf/2021/3/5/a8974.pdf) describes two changes: + +1. An Advanced Notice ([NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf)). +2. A Proposed Rule Change ([NSCC-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf)) + +NOTE: both of these need to be greenlighted for the proposed change to go through. + +Here's where to see the status of the changes: + +* Official [DTCC rule change updates](https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=NSCC&pgs=1) +* Official SEC updates for [NSCC-002](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002) and [NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801). + +&#x200B; + +These changes are governed by these rules, which lay out the deadlines: + +* For NSCC-801: [Section 806(e)(1)](https://www.sec.gov/rules/final/2012/34-67286.pdf) +* For NSCC-002: [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s) + +Event Calendar: + +|✔️2020\_05\_21|NSCC\_002|Changes approved by the Risk Committee of the Board of NSCC. (Note: this was a long time ago)| +|:-|:-|:-| +|✔️2021\_03\_05|NSCC\_801, NSCC\_002|[NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) and [NSCC-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) filed to SEC. An [Important Notice](https://www.dtcc.com/-/media/Files/pdf/2021/3/5/a8974.pdf) posted by NSCC.| +|✔️2021\_03\_18|NSCC\_801, NSCC\_002|Published on SEC sites [NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801), [NSCC-002](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|✔️2021\_03\_24|NSCC\_801, NSCC\_002|Published on Federal register [NSCC-801](https://www.federalregister.gov/documents/2021/03/24/2021-05993/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-advance), [NSCC-002](https://www.federalregister.gov/documents/2021/03/24/2021-05995/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-proposed)| +|✔️2021\_04\_08|NSCC\_801|Comments due. [Here they are](https://www.sec.gov/comments/sr-nscc-2021-801/srnscc2021801.htm). Lots of them ;-)| +|✔️2021\_04\_14|NSCC\_002|Comments due. [Here they are](https://www.sec.gov/comments/sr-nscc-2021-002/srnscc2021002.htm)| +|✔️2021\_05\_04|NSCC\_801|SEC posted that they have no objections on the deadline day. Required notice period ended (60 days from SEC filing). Timing from [Section 806(e)(1)(E)](https://www.sec.gov/rules/final/2012/34-67286.pdf). "\[...\] within **60 days** of the Commission’s receipt of the Advance Notice,” unless they request more info. No objections noted [here](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801).| +|✔️2021\_05\_08|NSCC\_002|SEC delayed the decision. (Options were to approve/disapprove, extend time, or start proceedings. The deadline was 45 days from publication). Timing from [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): “not later than 45 days after the date of publication \[the SEC will\] approve or disapprove the proposed rule change; or institute proceedings”. Delay noted [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_05\_31|NSCC\_002|New extended comment period ends. Find the link to submit comments [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_06\_21 or earlier|NSCC\_002|SEC to decide within the extended period (approve/disapprove, or start proceedings). The date is stated directly, but the allowed timing is in [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): “\[...\] may extend \[...\] by not more than an additional 45 days”. Look for updates [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_07\_06 or earlier|NSCC\_801, NSCC\_002|**Optimistic scenario**. If approved during the above period, Implementation within 10 business days after both the NSCC-801 notice period, and NSCC-002 is SEC approved. From [NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf): “NSCC would implement the proposed changes no later than 10 Business Days after the later of the no objection to the advance notice \[NSCC-801\] and approval of the related proposed rule change \[NSCC-002\] by the Commission. NSCC would announce the effective date of the proposed changes by Important Notice posted to its website. “ We'll know when this happens by checking [DTCC important Notices](https://www.dtcc.com/legal/important-notices?subsidiary=NSCC&pgs=1)| +|2021\_09\_20 or earlier|NSCC\_002|**Pessimistic scenario** (going through SEC proceeding): SEC to approve or deny (within 180 days of publication). Timing from [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): "not later than 180 days after the date of publication \[the SEC\] shall issue an order approving or disapproving the proposed rule change."| +|2021\_10\_04 or earlier|NSCC\_801, NSCC\_002|**Pessimistic scenario** (going through SEC proceeding) Implementation within 10 business days ... (details above).| + +&#x200B; + +I'm running with calendar days where unspecified (just "days"). If you know better let me know. + +There are provisions for expediting emergency changes, but NSCC didn’t classify this as an emergency change. + +In conclusion, there's a wide span when this rule change may happen. It may happen today, but it equally may not happen before September/October. So, don't get excited about nearby dates, but know that this change is lurking like a shark and may happen at any moment. I sure hope it happens soon! + +Please let me know if you have a different reading - I'll happily add edits. + +Edits: defaulting to calendar days instead of business days. basing 002 approval on publication date instead of the filing date. Updated NSCC-002 dates based on info from u/Basting_Rootwalla. The changes were dated 3/18, but actually published to the federal register on 3/24. Shifted dates. + +Edit 2: updated reflecting delay action on 5/7 +I wanted to highlight a superb Substack [blog post](https://apricitas.substack.com/p/peak-inflation?s=w) by Joseph Politano, an analyst at the Bureau of Labor Statistics. I'm going to briefly summarize the article and pepper in my own graphs and commentary, but as always, *please read and support* his work. His blog is called ["Apricitas Economics,"](https://apricitas.substack.com/); his [Twitter](https://mobile.twitter.com/josephpolitano) is also full of excellent insights. + + +**Point 1:** Annualized prices depend heavily on the 'base' effect, i.e., what happened at the start of the period going back 12 months. He writes, + +> "April, May, and June of 2021 had the fastest pace of core CPI growth in nearly 50 years thanks to a spectacular increase in used vehicle and other durable goods prices." + +Because those spectacular increases will exit the window of calculations for annual inflation, there will necessarily be a reduction in measured inflation (all else held equal). This isn't a guess as much as a mathematical consequence. See [Graph 1](https://i.imgur.com/5ECRfDE.png) here from his article. + +**Point 2:** The limited Fed tightening and communications have already tightened financial conditions. Proof: [Graph 2](https://i.imgur.com/E1q0GAT.png) depicting the Piper-Sandler index, [Graph 3](https://i.imgur.com/c0OEJXh.png) of 30 year fixed mortgages, and [Graph 4](https://i.imgur.com/72pvlqK.png) from Joseph's article of the Chicago Fed's measure of financial tightness. + +**Point 3:** Bond markets are swiftly pricing in dampening inflation (relative to their previous estimates). See [Graph 5](https://i.imgur.com/euetX2R.png) of 5 Year, 5-Year Forward Inflation Expectation rate and [Graph 6](https://i.imgur.com/YO7WBuw.png) the 10 Year Break-even. The 5 Year Break-even is also falling. I explain more in my comment [here](https://www.reddit.com/r/stocks/comments/uonvmr/rstocks_daily_discussion_fundamentals_friday_may/i8grf60/) what these mean and provide some additional sources. [Here is Joseph's plot, Graph 7](https://i.imgur.com/HaSJSvo.png). + +**Point 4**: This is really an extension of Point 1, but the massive increases in used car prices has slowed down dramatically. See [Graph 8](https://i.imgur.com/wZjFoE4.png). + +Thus, inflation will remain elevated for a few months, but the extraordinary factors in the spring of 2021 will no longer be represented in upcoming annual calculations of inflation. Further, the Fed is now finally walking the walk. You can argue that 0.5% increases in the interest rate are minuscule historically, but Graph 3 through 7 show that the market is taking it seriously and tightening on its own (e.g., 30 year fixed mortgage rate hitting 5.6%). The Federal Funds Rate and QT doesn't need to have a simple, linear relationship with actual financial conditions. + +The caveat is that we still have upcoming issues with the supply chain, such as in the [diesel](https://www.reddit.com/r/stocks/comments/uklg1n/forget_gasoline_diesel_is_even_more_important_to/) sector, but there have been meaningful improvements in [trucking](https://www.reddit.com/r/stocks/comments/ueoqvn/supply_chains_recovering_auto_inventory_with/) and [shipping](https://www.reddit.com/r/stocks/comments/u5ujf3/wsj_shipping_stocks_will_sink_as_us_consumers/), as I wrote about in my previous posts. But I believe the other factors mentioned imply that inflation has peaked, as Joseph more convincingly argues. + +Whatever you believe about the Fed's past actions, they leave me reasonably bullish for say 3 months from now. What do you think? + +EDIT: To avoid the dozens of future comments about it: nowhere in this post or article is it claimed that inflation is going to be at 2-3% in a month, gas prices are back to normal, oil is literally shooting up from the ground all around us, it was all transitory, Fed was right all along, the CIA did nothing wrong, etc. + +EDIT: Joseph noticed this post LMAO! +I bought it 100% financed at $280,000 about 10 years ago. Rate started as a 6% 30-year with 3-year maturity dates where the rates get reassessed. Over the years I was able to talk it down to 4.5%, but I have my next maturity date coming up and I'm worried I could take a beating. Plus, with the way the Fed is fiddling with rates, God only know what could happen. I'm pretty shoestring, so a sudden jump to 8-9% would knock my teeth out. + +I owe $225,00 on it still and it'll appraise out between $300-315,000 (based on comps). My question is, should I refi to a fixed-rate mortgage? Undoubtedly this would bump my rate up to probably 5.5-6.5% territory, but that might be worth the peace of mind. + +If I do refi, what should I look into? 30-year? 15-year, put up where I am right now in the amortisation? I'm leaning toward the 30-year because the lower mortgage payment would offset the increased rate, and free up a small amount of monthly capital (like I said, I'm shoestring) despite having to pay a lot more to lenders over the long haul. +Many people say that iBuyers don’t have an affect on the real estate market, but I believe they have contributed greatly to the Phoenix metro increase in value. + +Only 384 and 226 homes are currently posted for sale by Opendoor and Zillow respectively. There are 6614 houses for sale in Maricopa county (according to Zillow). The total of 610 (384 + 226) accounts for 9.22% of all current listings. + +I did a simple search on Maricopa County Assessors website to see how many homes are OWNED by Opendoor and Zilllow. As of today Opendoor and Zillow own 1728 and 786 respectively for a total of 2514. + +If Zillow and Opendoor were to unleash all of their inventory, 38% OF ALL HOUSES listed would be from these two iBuyers. They wouldn’t do this as it would potentially crash the market, but this brings into question how much power these corporations can have in select real estate markets. + +There are plenty of markets that iBuyers have a small presence, but Phoenix is not one of them. According to a recent AZFamily.com article, prices in Phoenix have increased by $100k since 2020. Of course there are many contributing factors such as COVID, but it looks like iBuyers are here to stay. One day they may enter your market. + +What do you think about iBuyers? How long will it be if/when new regulation gets passed? + +How have iBuyers affected your market? +Hello, + +&#x200B; + +In the past I've used zillow. Beginning to wonder if that is the best resource? What do you guys use to find your deals? + +&#x200B; + +Thanks! + +I’m pretty small time, moving out of current place in a couple months to rent it while I buy my next, but I’m thinking about the following. For every property have 3 accounts. + +1. Checking Account for regular cash inflow/outflow + Used for collecting rents and making payments (Mortgage, HOA, insurance) + +2. Strictly for Security deposit (still have to look up the requirements for my state, but I am aware that they are there) + +3. Savings account of a percentage of cash flow for long term maintenance/Capex + +Anything remaining would then be transferred to my personal account. Or id open a new account where all REI profit would be saved towards new down payments. I plan to scale as hard as I can early on while I’m able/used to keeping expenses low. + +Only 20 years old and my current monthly expenses are at maximum 500/month not including car payments. + + +I know this would be a lot of accounts once i start to acquire properties, but I figure I’ll be able to combine/categorize certain properties once I am above the 3-4 range. + +I’m pretty small time, moving out of current place in a couple months to rent it while I buy my next, but I’m thinking about the following. For every property have 3 accounts. + +1. Checking Account for regular cash inflow/outflow + Used for collecting rents and making payments (Mortgage, HOA, insurance) + +2. Strictly for Security deposit (still have to look up the requirements for my state, but I am aware that they are there) + +3. Savings account of a percentage of cash flow for long term maintenance/Capex + +Anything remaining would then be transferred to my personal account. Or id open a new account where all REI profit would be saved towards new down payments. I plan to scale as hard as I can early on while I’m able/used to keeping expenses low. + +Only 20 years old and my current monthly expenses are at maximum 500/month not including car payments. + + +I know this would be a lot of accounts once i start to acquire properties, but I figure I’ll be able to combine/categorize certain properties once I am above the 3-4 range. +So, in 2018 I paid about $100/sf($895,000)for a 9 unit property near a downtown midwestern city of about 300,000 people. At the time it was generating about $9800 a month in rent. Over 4 years and with lots of my own time and $100,000 in cash reinvestment I have increased that to $12,000 per month. The property is now easy to rent and takes a reasonable amount of my time to manage each month. + +Half a block away a newly listed 4 unit property with around 4700sf is priced at $1,200,000 with gross monthly rents of $5000. The listing says $257/sf. + +By my math, all other factors being left aside for a moment.... That is roughly 250% more per SF and a bit more than half the gross rent per month, meaning a 500% increase in cost per dollar earned vs my original property. + +The realtor, who likely knows this new property is aggressively overpriced, says that is the "reality of the market" in our area right now and believes the rents could be increased to $8000 if properly marketed to new tenants. + +I know that $8000 is barely enough to pay the commercial loan payment on the property if I use the same terms I have from 2018. + +Have you seen this kind of "really bad investment opportunity" marketed as reality where you are? Or is this really where we are at in Urban areas which have seen significant increase in rents/sales? + +I appreciate your opinions! +I own 3 condos, all rented. +One condo has $120,000 equity, the other two have $55,000 equity each. Total $230,000 equity. +The condos are peaked, they will sell for $125,000 each which is nuts. Good time to take advantage of the market. +The condos only cashflow $800/mo because 2 of the condos have a mortgage so only 1 cash flows. + +I found an off market 8 unit that I would buy. Have not decided a price yet, but $700,000-$900,000. +Each unit will rent for $1250/mo average. It’s in good condition. Will need updating over the years. +PITI $5020/mo at $900,000 +Taxes are $16,000/yr +Insurance $2500/yr estimate +Maintenance and expenses estimate $1000/mo. + +My numbers show the 8 unit will cashflow $4000/mo approx. + +Should I 1031 exchange these 3 condos? How do I do it? How much does it cost to 1031? +My uncle recently died unexpectedly without a will. I am his next of kin. He had no assets except several bitcoin. + +I have my both my uncle's computer and cell phone, which gives me access to the bitcoin. He had also recently added me to his bank account as a joint owner. I'd like to avoid a lengthy probate process. What is the best way to go about taking control of the bitcoin? Ideally I'd like to convert it to USD as I know very little about bitcoin and I'm uncomfortable with the risk. + +UPDATE: Thank you everyone for the thoughtful advice. I've backed up the wallet and ordered a Trezor. I'm going to hold on to the bitcoin for now. +I believe I represent the next slice of the market for bitcoin. I'm 30-something, male, liberal, and tech savvy by broad societal standards (I rooted my android phone and had ubuntu installed on a laptop at some point). But I'm not a crypto-geek, I'm not a raging libertarian, and I don't do drugs. + +I dialed up bulletin board systems (BBSs) back in the days before the internet, and bitcoin feels a bit like that did for me - something that seems like it could be really big but still somehow missing its potential. + +Here's the problem. I haven't bought any bitcoins. Here's why: + +1. The slew of posts talking about "securing your wallet". A laptop with no hard drive? Live linux installs? "Disable all internet connections!" etc. Not to mentioin the stories that pop up of people "missing" bitcoins. I get it - online wallet's are not as secure but the work that goes into having a secure wallet on my deskstop seems to daunting. Solution: An online wallet with some guarantees. + +2. I can't spend it. I don't want to buy drugs. Every other place I can use bitcoin just instantly exchanges it for dollars. If that's the case, I'll just spend dollars. Yes, I get the anonymity thing - but frankly if I'm buying something and having it sent to my house I'm not anonymous anyway. Solution: make bitcoin purchases "special". Add some value to it that dollars don't have. Either a discount, or a "locked in" price or action figure. Something. + +3. Complexity of purchase. I figured I'd buy a few bitcoins to play around with. So far, I tried to open an account with Mt. Gox (still waiting verification) coinbase (couldn't buy coins) and now campbx (waiting for my dwolla transfer to go through). For a guy like me, going to the bank with cash in hand is not a solution - I need to be able to buy these things from my home and with the speed I'm accustomed to. Solution? Coinbase does it right (but verification needs to be faster), but they don't have the depth to sell. Someone needs to fill this void. + +4. Complexity of the system: Wait. There is my wallet, then there are "change wallets" that somehow live within my wallet? I can increase transaction fee to speed up transfer? I have seen so many posts that say "If you can't understand it, don't buy it". This is exactly the wrong mentality to bring something like this mainstream. It needs to be dead simple. Idiot proof. + +Fix these things, and bitcoin can go mainstream. If not - I think we have another Prodigy (c) on our hands. + +tl/dr: I'm a yuppie. Bitcoin is scary. +Many reasons why divestment in large oil companies will do nothing to help climate change. + +These oil companies are in a position to implement a solution because they are established and have large R&D structures to create the solution. In fact many of them are already doing it (Enbridge) but it is amazing very little is discussed because it does not fit the narrative. + +Those calling for divestment are of a "punish them" mentality. This kind of thinking does not bring us any closer to a solution. Very typical of people who have zero knowledge of the big picture. They just see what is directly in front of them or they are against large corporations. + +I will still hold these companies in my portfolio, increase my positions and look for more companies who have a sensible goal of improving the situation regardless of their industry. At the same time, when I invest, I am in it to make money. Unlike governments who don't actually earn money but increase taxes and spend them on solutions that may not materialize (yes Kathleen Wynne, we don't forget). + +In summary taxing companies is not the solution but instead, work with them and provide tax incentives for those who have a plan and can implement them in a short amount of time. It must be transparent and measurable. + +[https://ca.finance.yahoo.com/news/no-growing-support-for-fossil-fuel-divestment-rbc-154043917.html](https://ca.finance.yahoo.com/news/no-growing-support-for-fossil-fuel-divestment-rbc-154043917.html) +Following one of the old Canadian Couch Potato portfolios, I currently own XAW (50%), VCN (25%), and ZAG (25%). After checking the site again to look for any changes in the [model portfolios](https://canadiancouchpotato.com/model-portfolios/), I see that they no longer recommend these and instead suggest either going with an all-in-one ETF (e.g. VGRO, VBAL, XGRO, XBAL), or a mix of TD e-series funds. [Canadian Portfolio Manager](https://www.canadianportfoliomanagerblog.com/model-etf-portfolios/) suggests a similar asset mix. + +After realizing the amount of Canadian exposure I have (50% of my portfolio), and seeing the relatively weak performance of the Canadian markets recently, I believe that I am over-exposed to Canadian markets. + +All of my positions are currently up in value over the purchase price and are in a TFSA. Would it be prudent to sell everything and buy into one of the updated portfolios with less Canadian exposure? +I made two posts regarding this in the Bitcoin subreddit. + +First post was downvoted. +The second post removed. + +In the Bitcoin community Kasier is seen as a hero to some. + +But in reality he is a hideous human being who is a Putin sympathiser. + +He appears on Russian propaganda mouthpiece RT and spews anti-western views whilst calling Vladimir Putin "A great statesman" and "The only adult in the room" + +In a recent video he said that the American intelligence that Russia would invade Ukraine was all a Hoax. + +I urge everyone in the cryptocurrency community who are upset and appalled at the unprovoked Russian attack on innocent civilians in the Ukraine to boycott Max Keiser. + +And I urge prominent figures in the cryptocurrency community to refuse to share a stage with this disgusting human being or have him on your YouTube videos and podcasts. + +He is not the type of person anyone should look up to or want in our community. + + +https://youtu.be/gPOYQ5fzmAM +After seeing recent post about US software engineering salary progression, I’m curious what the salary progression is like in different industries locally. I know that US salaries are much higher than local, but am definitely curious what local software engineering salaries at FAANG are like at the different levels of seniority. Though, no matter what industry you’re in or where you’re at career wise, I’m curious about the paths people take to get there. If you’re a nurse, teacher, electrician or any other career, feel free to post. + +Some questions I wanted to ask: Did you study at university? What degree did you take? Was it a Go8? What was your first full time role and what industry was it in? Have you jumped companies or roles since? What was your salary and hours like in each role? +Whilst not an active stock investor no one articulates the value of a long-term investing mindset than Warren Buffett and thought others could benefit to hear his wisdom at this time too - [https://www.youtube.com/watch?v=69rm13iUUgE](https://www.youtube.com/watch?v=69rm13iUUgE) +Excerpt from a blog post by David Nadig, by way of TL;DR - + +"Every so often, the handwringing about indexes destroying the markets gets to a fever pitch, and I’m obliged to at least put something out there. Well, it’s been a year or so, so now’s the time. Here’s the most recent catalyst:" + +Tweet from Cathie Wood: "In my view, history will view the accelerated shift towards passive funds during the last 20 years as a massive misallocation of capital." + +(Self-serving, much?) + +Some of the points brought up in the blog post that I thought were interesting: + +* Buy & hold cheap beta still wins in the long run + +* Despite this, as of 2020 only 40% of total assets under management by dollar value are in passive funds + +* However, "passive funds have attracted the bulk of net inflows (share purchases) from investors over the past couple of decades". So it's the most growthiest segment by people voting with their wallets. + +* **IF** these flows are distorting the market as a whole, this distortion would show up through: Increased correlation, increased valuations regardless of fundamentals, increased concentration (because of momentum effects), fewer IPOs, and reduced market elasticity + +* The entirety of the "So What, Big Deal" sum up section, which I won't do injustice to by summarizing. Just read it. + +https://www.etftrends.com/the-ethics-of-indexing-redux/ +My wife and I have two teenage children, and I teach them often on how to handle money now and when they are eventually out on their own. For whatever reason, my wife and I have never shared with them how much money we make or how much we have in retirement savings, but I’m now thinking that they are old enough for all four of us to sit down as a family and “show them the books.” Let them see how our budget works, let them see what we make and how much stuff REALLY costs, how we handle savings, etc. Perhaps even let them help us go through the budgeting steps and maintain the budget together over time. Have any of you done something similar? Any reason why we as parents should not divulge our actual numbers? + +Edit: woke up this morning to so many great comments, and I thank each of you! And for additional context, our kids’ ages are 14 and (nearly) 16. The older one is very interested in making wise financial decisions, the younger one is more young-at-heart still. +[Link to clip](https://streamable.com/cfdw3h) + +[Link to article](https://www.cnbc.com/id/40115265) + +STOP listening to this bear, these are not bears, they're clowns, seriously this joke that bears have predicted 17 of the last 2 crashes is not even a joke anymore, this dude is the living embodiment of that statement. Last year during the march-may selloff in 2021, this dude said in an interview that the crash has started, and then the S&P 500 went on to close +26.89% for the year. If you followed this guys advice and held cash in 2010, waiting for his prediction to come true, you'd have waited for about 8-10 years on the sidelines until the market had a selloff in late 2018, or when Covid19 crashed the stock market in 2020. By then you'd have lost much more money on the sidelines, than if you'd just let your money grow in the market throughout all those years. Even if you had just listened to his advice last year during the march selloff and sold, then you'd lose out on being up +26.89% if you'd have invested in the indexes instead of listening to him. + +Again stop giving these clowns attention, if the market doesn't crash this year and it starts recovering and people get their confidence back in the market, and we have another rally, this dude will say that the market will crash next year, and if that doesn't happen, he'll say it will crash in 2024, and so on and on and on. Let's rememeber somethings everybody gets taught the moment they start investing: You can't time the market, you can't predict what the market will do, time in the market beats timing the market. + +I’m curious what’s everyone’s opinion on if there is an EV bubble being created similar to the dot com bubble in 2000. + +Here are some quotes off Wikipedia that I think may be similar to what we are experiencing now: + +Preclude to the bubble: +Wiki: The 1993 release of Mosaic and subsequent web browsers gave computer users access to the World Wide Web, greatly popularizing use of the Internet + +2020: many traders are on Robinhood picking up “meme stocks” and lots of people unemployed, thus an increased interest in trading. + +Wiki: At the same time, a decline in interest rates increased the availability of capital. + +2020: fed has also decreased interest rates + +The bubble: +Wiki: As a result of these factors, many investors were eager to invest, at any valuation, in any dot-com company, especially if it had one of the Internet-related prefixes or a ".com" suffix in its name. + +2020: Kinda different, but if you replace the .com/internet prefixes part with “EV” I think it carries a similar point/situation. + +Wiki: At the height of the boom, it was possible for a promising dot-com company to become a public company via an IPO and raise a substantial amount of money even if it had never made a profit—or, in some cases, realized any material revenue + +2020: sound familiar? Nikola? + +Bursting of the bubble: +Wiki: On January 10, 2000, America Online, led by Steve Case and Ted Leonsis, announced a merger with Time Warner, led by Gerald M. Levin. The merger was the largest to date and was questioned by many analysts. + +In February 2000, with the Year 2000 problem no longer a worry, Alan Greenspan announced plans to aggressively raise interest rates, which led to significant stock market volatility as analysts disagreed as to whether or not technology companies would be affected by higher borrowing costs. + +On March 20, 2000, Barron's featured a cover article titled "Burning Up; Warning: Internet companies are running out of cash—fast", which predicted the imminent bankruptcy of many Internet companies.This led many people to rethink their investments. + +Enron and 9/11 also contributed to the bubble popping. + +2020: ? + +Overall I’m staying in the market, but I’ll be taking some profits. I am long on clean energy but even today was just too crazy for me with the EV rally. I feel that there’s too many similarities to the dot com bubble. What do you guys think? +Icahn vs. Ackman over Herbalife + +The hedge fund billionaires in January 2013 found themselves in a bitter feud stemming from Ackman's $1 billion bet against Herbalife stock. The back-and-forth came to a head on live television. + +The brawl began with Ackman, in a phone interview on "Fast Money Halftime Report," defending himself against attacks from Icahn over publicizing the short the month before and agreeing to have Icahn call into the show. + +"He's the quintessential example that on Wall Street, if you want a friend, get a dog." + +Carl Icahn + +Icahn Enterprises + +"This is not a guy who keeps his word. This is a guy who takes advantage of little people." + +Bill Ackman + +Pershing Square Capital Management + +Once on the line, Icahn called Ackman a "liar" early on, accusing his rival of having "one of the worst reputations on Wall Street." Icahn later said to Ackman, "I wouldn't invest with you if you were the last man on Earth." + +Ackman countered by saying, "Icahn unfortunately does not have a good reputation for being a handshake guy." + +Icahn said that Ackman is the "quintessential example that on Wall Street, if you want a friend, get a dog." + +Ackman blasted Icahn: "This is not a guy who keeps his word. This is a guy who takes advantage of little people." + +About a month after the battle, Icahn revealed in a filing a huge stake in Herbalife, effectively taking the other side of the short, which Ackman defended for months, saying the stock would go to zero and accusing the multilevel marketing company of being a "pyramid scheme." Herbalife frequently and repeatedly denied those charges. + +Source: shillnbc +[https://www.cnbc.com/amp/2019/12/13/reliving-the-carl-icahn-and-bill-ackman-herbalife-feud-on-cnbc.html](https://www.cnbc.com/amp/2019/12/13/reliving-the-carl-icahn-and-bill-ackman-herbalife-feud-on-cnbc.html) +>"But the technology is ultimately just a tool. Our long­ term goal is to return economic power to the individual. Specifically, we want to make it possible for you to turn your bright idea into passive income by selling Bitcoin­-payable goods, games, and services over the Internet through a 21 Bitcoin Computer. And we want to use the success of the 21 Bitcoin Computer to help make Bitcoin the next fundamental system resource, available by default on every new computer. That journey of a thousand miles begins with a single step." + +>-Balaji +____________ + +Anyone who thinks this is about making money by mining has very little insight into what Bitcoin actually offers the world. + +This is not about bringing the old economy (banks, businesses, governments) into the Bitcoin family. This is about building entirely new economies, ones that have never and could never have existed before. + +21inc can see the vision and they just bootstrapped the IoT on the Bitcoin blockchain. + +Thank your lucky stars on your way to the moon. +Dear Socal fatties: + + +I need some advice from those of you who have successfully Fatfired in CA. I don't know anyone personally in that category so I would appreciate your insight! + + +Me: + +* 32 yo entrepreneur, married, 1 kid (plan for 1-2 more) +* NW: 4.7M split between cash/stock (all liquid) , no material liabilities , cars paid off- this is all from savings and a windfall from business sale last year, now working for 200k salary + + +Problem: No primary residence. Rent is expensive (\~3600k for 1 bedroom)...lease is up end of the year. + Our options are: + +1. Homes that are small, need upgrade later, closer to city centers: 900k-1M +2. Homes that are a good size, farther out from city centers: 900k-1M +3. Homes that are a good size, we think can last forever, closer to city centers:1.3- 1.5M +4. Fat Homes that we REALLY like: 1.8- 2M + + +All great school district, safe, clean, good long term value which helped narrow down the choices to the 4 above. + + +Notes: + +* Don't want to leave CA, and in CA would preferably be in a suburb closer to a city rather than far out +* Let's assume expenses are steady state (including rent) if netting \~100-110k post tax +* To me FAT in CA would be 2x my current NW ...plan to work on another business at some point to try to reach this. No guarantee but high confidence of NW growth in the future. +* We are sick of renting for personal reasons and because the cost is so high...we really just want to settle down somewhere and live with stability. +* Markets here are so hot I don't think there will be a huge impact from COVID, but nobody knows for sure + + +Question: + +* Which home tier would you go for in this situation? +* Any other scenarios I am not thinking about? + +&#x200B; + +I am leaning towards #3. Higher cost now, but can pay off in the long run... but can't help but feel like I am sabotaging myself by spending too much too early. Maybe I need to be thinking even lower cost than 900k-1M? Interested to know your objective thoughts. +Been lurking for a while and generally people in fatFIRE always talk about owning their home - I personally love living in a beautiful house that is way above the NW allocation I can afford, but found renting could be a possibility and renting the house I want to live in could be affordable within the year income threshold I'm planning. E.g where I'm based a 5M dollar home will cost 15k to rent monthly - has anyone done this or found its not worth it? Anyone in fatFIRE not own a home and just rent based on their income level? Deciding whether investing in the property is worth it or renting and allocating the money it would have cost to work for me in the stock market. +When I think of the fatfire way to buying a new vehicle I can't help but imagine a caricature of a guy in a tophat opening up a briefcase, dumping a bunch of money on the salesman's desk, taking the keys and driving away into the sunset (in an obscenely expensive car of course). Jesting aside, I really want to know how people here do their research and negotiate when buying a new vehicle. I suppose for the higher tiers of vehicles not a lot of negotiation on price or terms is possible, but with the situation as it is right now (possible Hertz bankruptcy flooding the used car market and pushing on the margins from that direction + general slowdown in demand) good deals may be possible. My current car is a decade old econobox which I am satisfied with, but I'd love to get an SUV for the convenience of it (gonna look at everything from Audi Q series to Acura/Honda/Toyota as well). +Chewy (CHWY), DocuSign (DOCU) and Caravana(CVNA) have options expiring tomorrow (12/9) and next week (12/6) with huge Implied Volatility (IV%), at least 200% IV. + +Selling options with this high IV paramounts to free money, as long as you set the strike price enough out of the money. + +https://preview.redd.it/v1i6uc829o4a1.png?width=1390&format=png&auto=webp&s=1981729551e743015add9e7aaf6799ae3cec3ffa + +https://preview.redd.it/q6hz6f829o4a1.png?width=1298&format=png&auto=webp&s=79a4e5cbcc60a3a2bd4c4e40aa44fda7f8988141 + +https://preview.redd.it/v36mgl829o4a1.png?width=1324&format=png&auto=webp&s=541e093a248966ef14dee1a53355c767b03739bf + +https://preview.redd.it/iwo3xh829o4a1.png?width=1370&format=png&auto=webp&s=d60419d80a354f0a7b19421e523e5b711dd305e2 + +https://preview.redd.it/27qn5j829o4a1.png?width=1326&format=png&auto=webp&s=da3d685630d51032c97419e0b2f3a54a163da38d +Been awhile since I made a post educating you retards, throwing pearls before swine. I've been disheartened by some of the comments I've read recently and just wanted to provide some tips for the genuine noobies/retards among us. If you already know this shit, congrats, move along sir. + +Take a look at my previous, more advanced guide to some theta gang theory for those looking for something a bit more in depth: [https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how\_to\_consistently\_outperform\_the\_sp500\_using/](https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how_to_consistently_outperform_the_sp500_using/) + +Without further ado... TOP 5 TIPS Every Noobie Trader MUST Know. + +# 1) You MUST understand Implied Volatility. + +I made this the first point because it is the gigantic mistake I see noobies here making again and again. I'm talking to you, people who bought calls on PLTR at $30. **If you learn anything from this post, you MUST learn this.** + +You see a stock make a massive move either up or down. Your immediate response is "this is a great opportunity to buy calls/puts on a volatile stock!" Right? WRONG! + +In fact, when a stock has just made a massive move in either direction, that is perhaps the WORST time to purchase options in EITHER direction. Options are not stupid. Options are designed to price in the fact that a stock is moving wildly. This is called "implied volatility." They become more expensive as a stock makes more dramatic moves, to price in the volatility you and everyone else is expecting. + +It's quite possible and even likely that you buy an option on a high IV stock, and the stock moves in your direction, and yet you LOSE money, because it didn't move as dramatically as was expected by the implied volatility. **This is called "IV crush."** It only takes one or two experiences with IV crush for most traders to learn this lesson for life. If you understand this concept before you lose a ton of money, all the better. + +**So, what should you do if a stock is highly volatile and options are expensive due to IV?** + +There are two choices: Trade actual shares, or SELL the options rather than buy them. + +If you are bullish on a high IV stock, you can take a bullish position by SELLING a cash-secured put rather than buying the call. If you are bearish on a high IV stock, you can take a bearish position by SELLING a call rather than buying a put (although this entails greater risk and will typically require higher options trading level by your broker). + +# 2) You MUST have patience. + +It's a tale as old as time. A noobie investor does some research, reads some DD, and is convinced a stock is going to rise over the next couple years. So he buys in. A bad day or two hits and the stock tanks. He panics, and sells. The next couple days the stock rises and appears to stabilize. So he buys back in again, because he still believes in his thesis. The stock drops again, and he panic sells again. + +In reality the stock is just trading sideways, but this idiot keeps buying on green days and selling on red days. This is perhaps the most idiotic, suicidal strategy anyone could ever employ. Buying on green and selling on red is a surefire strategy to lose money consistently over time. + +This is why you MUST remove your emotions from your trades, because your emotions will usually tell you to buy on green and sell on red, literally buy high and sell low. As the boomer Warren Buffett once stated: **"The stock market is a device for transferring money from the impatient to the patient."** + +Here is a better approach. Set up your entire trade BEFORE you make the trade. Have a set price you will sell at if things go south. Have a target price you will sell at if things go well. Once the dust settles you can learn from any mistakes. Were you too aggressive, or too conservative in your targets? What emotions directed you to make those mistakes? Too much greed, too much risk aversion, too LITTLE risk aversion? Make every trade a learning opportunity. + +# 3) You MUST understand "Reversion to the Mean." + +In general, stocks will tend to revert to their trendlines. + +This thesis is fairly simple. If a stock moons 10% in a day, the most likely event is a drop the next day. If a stock tanks 10% in a day, the most likely event is a rise the next day. This is because humans are emotional creatures. First, they overreact to big news. Next, one of two things happen: When the stock is way up, people see it as a profit taking opportunity, so they sell. When the stock is way down, people see it as a buying opportunity, so they buy. + +I don't have any hard data to back up this thesis, but I'm sure there's a bunch of nerds out there with hard data that proves exactly this, as well as trading algorithms specifically designed for a "reversion to the mean" strategy that are consistently profitable. + +Obviously there will be exceptions, as well as times when a big move signals a shift in the trendline. All I am saying is in the MAJORITY of cases, reversion to the mean will occur. Don't go chasing stocks that have made massive short-term swings in a single direction unless you have strong reasons (not just hopes) to believe the trend has changed. + +# 4) You MUST not YOLO your account more than once (or twice). + +This is going to be controversial for some of you. But it's just straight math. If you keep betting your entire account, or close to it, on single trades, **it's only a matter of time before you go broke. That is a mathematical guarantee.** + +Let's say you are one of the most skilled, intelligent, informed investors on the planet (doubtful). So skilled your plays are 90% correct. If you bet your entire portfolio on each trade, you are still expected to go completely broke after around 10 trades. + +Let's say you aren't a brilliant stonk gambler. Let's say you are just average and your trades are a coin flip (which is generous for a lot of you retards). **If you bet your entire bankroll on each bet, on average you will go completely broke in just 2 trades.** + +Again, there is a lot of complicated math we can go through to predict account explosion times and optimal bet sizing and so on, but that isn't necessary here. Professional gamblers such as poker players have refined bankroll management theory, which usually means at the least they aren't putting more than 10% of their cash on the table in one sitting, usually closer to 5%. (Take a look at the "Kelley criterion" for an interesting read: [https://en.wikipedia.org/wiki/Kelly\_criterion](https://en.wikipedia.org/wiki/Kelly_criterion)) + +I know a lot of you are broke with no life prospects and hoping to get rich quick. I don't fault you for that, I get it. The problem arises when you see the people who got insanely lucky with guessing 10 coin flips in a row who turned $1000 into $1,000,000, and hope to do the same... **but for every one retard with a record like that you've got hundreds more who lose it all and have nothing to show for it.** + +I won't fault anyone for making a gigantic, life-changing bet a single time. That is your choice to make, and it just might pay off. But if you think you are going to do that again and again and survive, you are delusional. + +# 5) You MUST be Skeptical... of EVERYTHING. + +Fools and their money are soon parted. Don't be a fool. + +Your first instincts when hearing ANYTHING should be skepticism. Your friend has a hot stock tip? Start with skepticism. Some online DD on a meme or penny stock online sounds convincing? Start with skepticism. A highly respected financial or government agency gives future guidance on whatever... again, start with skepticism. + +There are a million people out there trying to take advantage of you, to pump and dump you, to scam you, to trick you into spending more money on whatever. + +There are times when being a conformist pays off, like when markets rally for months straight. There are times when being a contrarian pays off, like when markets tank and sectors collapse. Don't be a consistent conformist nor a consistent contrarian. Be skeptical of every thesis and every hypothesis you hear, or even the ones you invent yourself. + +When you take this approach honestly and still become convinced of a thesis, you have a higher probability than most of being correct. + +**Seek out opinions that contradict your biases, not opinions that confirm your biases.** This is incredibly difficult and goes against human nature, but if you can achieve this ideal, you will out-trade 90% of the public. + +Edit: Holy fuck this thing has 255 awards... I don't even know what to do with this gay reddit coin shit but I have 2.9k now so thanks? +The Ministry of Justice here raided exchange to find any tax irregularities and also made a press release saying they are recommending the government ban cryptocurrency exchanges because they consider it gambling. They already tried a less stringent recommendation before, but the Korean Parliament voted it down because of constituent pressure. The reason the Ministry of Justice is doing this again is because so much capital is fleeing the Korean stock market and entering cryptocurrency. + +When Moon Jai-In became president, there was a lot of expectation for the Kospi and Kosdaq to do well even though he is what Koreans would consider a left wing politician. What they did not expect was the atomic bomb of crypto to explode among the youth and wealthy here. The politicians are getting very confusing signals from the public in how to deal with this because the public is very divided on this issue. The crypto market here is 70% made up of 20-30 year olds who believe this is the future. The very wealthy are seeing unbelievable gains even though they have strong ties to the real estate and stock market. Many others see this as a way of gambling and something that must be banned. All this diverging public outcry is leading to the elections this summer... + +In a couple of months, there will be local elections and suddenly politicians find themselves having to take a stance in what is becoming the biggest social, economic issue Korea has faced in a long time. What makes this extremely interesting is that the pressure they feel from the wealthy families here who own the Korean companies is that even though their stocks are suffering, their crypto holdings are far outpacing those losses. Plus the majority of the young vote in Korea is very pro crypto, so they are not sure what stance to take. + +If I had to make an educated guess what do I think will happen? They can try to slow it down, but they will have to accept its reality. Right now there is a ban on people making new accounts on the exchanges that is suppose to be lifted at the end of January, but they may try to extend this ban. Eventually they will lift it because the anger from denying the public access to this market will only grow endangering the politicians' careers who are supporting these types of bans. They cannot stop crypto in Korea. It is an overwhelming wave they cannot shore up. + + + +https://preview.redd.it/jkppm4mz68s91.png?width=640&format=png&auto=webp&s=e0f94de52f66639f2656d0fabed5c1642a7646b9 + + + + + + + +[View Poll](https://www.reddit.com/poll/xxbyy9) +I’m trying to get a loan to help me get by until April 13th, but so far no luck. I didn’t think it’ll get this bad. I was able to not pay my credit card bills and such but everything else is due. Rent due, phone bill due, baby shark due due due due due due + + +Anyways, I’m more focused on my cats and trying to stay positive. I’ve had to travel over 3hours on the bus looking for food for them and was forced to buy a brand they usually don’t eat. All the local stores are wiped clean. I’m nervous but trying to remain positive. + +I’m waiting for my Postmates welcome kit so I can make deliveries at least (with a bike). Oh well +I have loved the FIRE discussion and groups for some time, but only recently came upon FATfire from Physicianonfire/Samurai. I seemingly want to vomit up all of my thoughts and let you comment on them but then again, smaller more focused discussions are often better. So I'll give you some basics and we can see what works for folks? + +I grew up with a family of 4 that suffered bankruptcy twice. First job washing dishes at 14, bought a $200 moped to get to work. I didn't stop working at least 1 and usually 2 jobs through HS, in college where I paid my own way, summers in college (construction for the $$, health related for resume, genetics research grant summer) and then continued the side-hustles in med school (ekg tech at nights, organ harvest surgical team at nights), residence ( I programmed HTML in the late 90s at night when moonlighting to double dip) and fellowship (staffed long-term venilation facility). Last year of fellowship I did >700 hours of moonlighting. Etc. + +Met a girl. She was tops in her law class, took the corporate job until offered partner, we had first kid and bought first house at @250k at age 29 during downturn in Tech, flipped it to make $65k at end of 3 years before leaving for my first actual job at age 32. Used the proceeds as down payment on $450k home (3k sf, 3 bed) She SAHM since, and we first paid off our combined $350k school loans and did a remodel 5 years later on home that doubled size/cost. Then hit recession in '08. + +Our financial advisor was recommended to us by a fellowship friend. He was horrible, costly and really cost us by selling in 08 at the bottom. I put everything I could muster in at the bottom and it helped make up for his losses and taught me a very valuable lesson. By this point, we had 2 more kids. And I started reading finance more seriously for the first time. + +I managed our finances for over the next decade, 6 index funds + large cap individual equities ($MS, $AAPL, $AMZN, etc) and then rolled the dice on a number of high-risk investments (two as a part of healthcare startups that failed, one in solar and one in the IPO of a little known company called Tesla). + +My annual income from salary and business related investments hung out around $1M/ year for a while where they stayed until COVID. And I have an equity stake of around $500k in the business. But we also spent 6mo on sabbatical in 2012 which was a massive cost/opportunity cost and worth every penny. + +We have saved $200k per kid for 529s, paid down our principal mortgage to $250k and estimate the equity in that home to be near $1.5M now. We bought a cabin with my wife's family of which we own half, nearly paid off and equity of $500k, which we don't rent currently. We bought a shack at the beach for $150k and spent another $200 rebuilding it, which is almost paid off. Equity likely at $500k now and it is generating $30k net annually. We have also bailed out my parents again twice, each about $50k and bought them half a house with equity of $250k and no mortgage to be used for end of life care (they have no LTCI). My in-laws OTOH are wealthy, we do not consider their finances as a pro/con because it is theirs to do with. + +So here we are, NW approaching $6 - 7M at 49 years old. My partner is PRACTICAL, and I cannot stress enough how much this has helped. We also both see financial independence as the freedom to next do what we want for ourselves. We have many, many interests outside of current work situation and have been cultivating options to work in entirely different fields once we are able. We estimate we could both make about 100k/year working 3-6 mo/year. We both feel we have missed the opportunities to do what we really wanted when young, and see too many get surprised with bad health past age 55 to wait. So we aren't "retiring", we are hoping to finally get back to seeking what we wanted to do when we were young (renewable energy and climate advocacy for me, family law and possible in-house counsel for wife). + +I've worked so long, so hard, afraid of being without money because I didn't have any for so, so long. I've taken care of parents, a sister who passed including her funeral costs, my own kids and thousands of patients. Our parents will need care as they enter their mid 80s with dementia and morbidities. + +So the question: Do we have enough? + +1. We cannot answer the "what would you spend/yr". It DEPENDS. If our kids or parents need, we will have to provide. We agree w others you don't support kids too long. We plan to sell the primary residence in 5 years or so when youngest leaves for college and move to WA for income tax purposes on a lot big enough to homestead near Canada. We'll use half the equity and store the rest. We can work more or less as needed during our interim phase (55 or so until 65 -70). This is key to our FIRE. Finding the work that allows us to still accomplish other goals on our terms, doing more to help others and make an impact while we can. But also allowing us to travel and be active while we can. We travel in our cheaply converted Sprinter Van a lot, and want to do extended trips. We also sail and plan to spend 5 years if possible on a boat for 3 mo a year in low COL areas doing charity work. We'll sell the boat at the end. We collected the few homes to allow us to house swap, and during the period we have a mountain, beach, WA small farm and boat we will trade these for accommodations to avoid cash exchanges for another 3 mo of LCOL. + +2. We went back to a FA! OK, this was tough. But we felt that this was the last crucial 5 years or so of our finances. We will still be raising kids these last 5 years and though I would have LOVED to SAH when they were younger the truth is as teens those times have passed. They are much too independent for it to make sense. IF you want that kid time, do it before about 13/14. Age 4 to 13 was GOLDEN. With 5 more years, we need to understand our retirement withdrawals and tax implications. These are areas I have not studied nearly as much as investing. And at lower rates (.7), with the right firm (very little active trading, not timing market, cheap index/mutual funds rebalanced) it has been so so. We only have them manage our retirement investment accts and keep Tesla separate. They have been useful in thinking about interesting ways to get to our next phase for sure, including networking other clients. + +3. Tesla is 1/6th my total NW. Recently. I've researched the company and industry since 2010 and give advice to others, including my FA. It is unsettling knowing I should diversify, but at what point and how much keeps me up at night. I took premiums playing options for a while, but it wasn't needle moving. This past year has left a lot of investors who cashed out behind for sure. This isn't really the right place to discuss this individual investment but know I do as much as possible to consider my exit strategy. + +4. So, the FIRE part? It really stems from the desire to do what we want instead of our current work. Sort of. And we've tried every angle, ending up making mistakes and getting some luck and well, here we are. We made smart car purchases, put money to work in RE in a way that may work for us and really ignored getting sucked into so many other versions of get-rich-quick schemes when money started flowing suddenly. We limit our travel currently for carbon emission reasons, and it helped our goals. We made sacrifices to spend way less than our purchasing power except for a too large house that appreciated too little with too big a price tag. But it may still work out OK because we intend to right-size that property ASAP. We aren't the best, most diligent FIRE folks I know. Which is partly why I'm here...to learn more. + +I appreciate those here greatly from reading a few years worth of top posts. Thanks for your time and input. +We used a CPA for our taxes in 2016. It was the first time that we had used a CPA because our taxes had gotten a little more complicated, and thought it would be easy to turn it over and let someone handle it. + +He gave us an itemized sheet of documents to give him and we filled a checklist of docs that we had and gave him the documents. One was a 1099 from our financial advisor for all the dividends and capital gains that we made that year. Fast forward to today and we got ~~an audit~~ tax due notice from the IRS stating that we owe for not putting those capital gains on our return. + +Now it is our diligence to double check and we do owe the money, but is the CPA responsible for the interest that accrued over the last couple of years? Or our we completely at fault and the only thing the CPA loses is our future business? + +Edit: Thanks everyone for the replies. I’ve contacted the CPA and showed the email that we sent him with the documents and the checklist. He has not responded which is typical behavior from him. We always knew we were not his top priority. + +I’ll not contest it, pay it and move on. I’ll be shopping for a new CPA. + +Edit 2: I thought I would update again. Still no response from the CPA. I think he knows he stepped in it and just decided to not act. I went ahead and responded to the notice and will pay. Choose your CPAs wisely. +I think most of us can relate to this, at least I hope so. The last few days, I have only opened Binance, checked my balance and left. I used to look at crypto analyses, check out what my favorite investors said etc. But I just don't feel like doing any of this anymore. Even if I look at analyses, what is going to change? I am in such a big loss that I can't sell, so why bother? + +I just wanted to hear what you guys are doing in this crash. Because I am certainly not doing anything other than watching my portfolio dip even further. +This AM, Bitcoin is down 10%, and most of the coins are trading at an over 20% discount. It's really surprising how everyone claims they want to buy cheap coins when the market drops and then fails to take action when there's a drop. + +I understand fears that a bear market is setting in, but current prices matter little if you're here for the long-term, although I believe this is a short-term pullback that we'll be laughing about by the end of the year. + +Bitcoin will eventually go back to those all-time highs and nothing has changed about its fundamentals. Same with the top projects, which are on sale even though nothing has changed from what it was a month ago. + +Don't be the person that goes crying about how the price is high, and then fails to take action when there are dips like the one we are seeing right now. +I am woman in mid 40s. I have worked in Finance/IT Investment/Super field for more than 20 years. I started more than 80K in my early 30s which was more than 10 years ago. However when my kids came along I decided to slow down/ take back. Currently working as Business Analyst. + +The current company I work for used to be a subsidiary of one of the big 4. Now we are becoming independent. I am working in this company for more than 10 years. I have done different roles by applying internally. + +Now my kids are bit grown up. One in Uni and other in High school. I am feeling a bit stuck at my current role. I am only getting 90K salary. + +The job used to be low stress but now we are short staffed so I am finding myself working long hours. Working from home after Covid means I can’t just switch off (I need to pick up kids from daycare excuse not available.) + +I am thinking if I have to work long hours then I may as well get paid more for it or at least get alternate time off. + +I am comfortably well off. So I don’t really need extra money. Off course I won’t say no to extra money. + +Please give me some suggestions +I'm wanting to add US trading to SelfWealth and they're saying they don't have my TFN but to add my TFN I need to print out a form and sign it. It cannot be digitally signed. This requirement seems really dated and I'm wondering they are enforcing this? + +I already had to do this just to update my address and it took like a week or more for them to even update it once I did mission to office works just to print out the form. +For anyone who hasn't seen the front page of the NYTimes today, they were apparently told it's time to spread a little FUD. + +https://preview.redd.it/vm696qhv8pl71.png?width=1440&format=png&auto=webp&s=d8ad3117b41ea1480a8501c188f76d00ee371362 + +Which is fine. Nothing new, right? But what is surprising is the amount of comments that are negative with a lot of them outright calling for the U.S. government to ban crypto. My favorite comment is this one, which applauds China for it's use of the ban-hammer. + +https://preview.redd.it/sdxfigt4cpl71.png?width=577&format=png&auto=webp&s=6681c7d294383a35df3554f3b1fc8b3d39f28d1e + +**My conclusion has to be that we are still insanely early. I'm going to keep on DCA-ing.** +Due to life circumstances I haven’t been able to save and invest much. I’m now approaching 50 with only $10k in RSPs, and $50k on my TFSA. I want to maximize the time left I have before retirement but I’m still on a tighter budget ($10-20k/year). I have minimal debt (student loan), and don’t own property. Any suggestions on where best to start? +I have already contributed the max to my tfsa this year but I have around $1500 in addition that I would like to grow over the summer before I head back to school. Any advice is appreciated. + I am looking at growing my divi stocks and was wondering if I had to choose between these two, which one would be better? AQN or RNW? + +Or any other Canadian Divi stocks I should consider? Already holding PPL. + +Thank you very much! +Curious to know what your spouse is entitled/not entitled to in the event of a divorce, looking for insight on: + + +Is your spouse entitled to the funds in the the tfsa/rrsp/non-registered account +What about the funds you amassed prior to the marriage? +What about future additions to the tfsa/rrsp/non-registered account? + +Basically asking is there a way to essentially say all funds in these 3 accounts are off limits as part of a divorce. + +Any thoughts from anyone or past experiences +Hi everyone, first post on this sub! + +I'm a super new investor and have some newbie questions. Looking to invest in some S&P 500 ETFs, thinking of US listed like SPY or VOO. (also open to Canadian listed ones, I would appreciate advice on why so I can understand) + +Should I invest in RRSP or TFSA? I'm aware that RRSP prevents US withholding tax on dividends, but then I would lose out on the benefit of not being taxed on capital gains provided in TFSA. Is there any sort of way I can gauge which would be a better pick? + +Context/Time Horizon: Unsure. I'm in my very early 20s and I don't see myself holding onto these for a super long time until like retirement. I just want to put my money into the stock market so it doesn't sit in my savings account doing nothing. + +I have about $5000 CAD to put into the market right now. + +Any feedback would be really appreciated! Thank you! +Firstly, I’ve only been investing for a year, so please bear with me. +A company that I hold (namely, BNS) recently made news regarding a share buyback. From what I understand this is good for the shareholder, and I’ve done some googling on the matter but I still feel a little lost. + +Does this mean my shares are just worth more now? +Who are they buying back shares from? +Does this inherently have dividend implications? (not just for BNS but in general) + +Forgive my ignorance but this is new to me, I’ll take a page out of Michael Scott’s book and ask you to explain this to me like I’m a 5 year old, haha. +Two people I do not know sent me $15 over Venmo. Then, a couple hours later, they request the money back with a message saying they meant to send it to a friend with the same name. That makes sense because I have a fairly common name. + +But I was recently a victim of a Paypal scam very similar to this one. I tried googling Venmo scams and couldn't find anything similar to this situation. Is there anything I should be worried about before sending back the money? +The Bitcoin network fees are absolutely ridiculous at this point, and devs are sucking their thumbs not realizing this could very well kill the asset. Why do y'all think we have over 4000 thousand different cryptoassets? It's because neither of them are solving the very simple problem of being fast and cheap to use (which are two of the very fundamental things a CURRENCY needs to be). Add to that Coinbase fees, conversion fees, selling fees, fees for breathing... This is not how crypto should be. [$60 to move my bitcoin is absurd](https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Bitcoin%20Average%20Transaction%20Fee%20is,K%25%20from%20one%20year%20ago), and $31 to move Ethereum is breathtaking. I can transfer money from bank to bank with ZERO USD in fees.. It’s ridiculous and it will start to take notice It’s slowing down usage, which slows down adoption and it's frustrating the hell out of people, myself included. + +This needs a fix. ASAP. + +&#x200B; + +EDIT: the shit-coin shilling in comments is pretty cringe. +So here's the deal: When you sign up for bitcoinbuilder, you are asked for a withdrawal address where to transfer your bitcoins once you are done trading. This address however is **permanent**, and once set it cannot be changed unless support is contacted with proof of identity. + +This is so ridiculously simple and yet so effective. Because let's face it, unless you are laundering money or otherwise extremely paranoid, you don't really need to change your own wallet address frequently. The upside of locking your withdrawal address is ginourmous: if your exchange account gets "hacked" the hacker cannot do much other than deposit, transfer your bitcoins back to your own wallet, or otherwise contact support and try convince them that it's you (which is possible but tougher than simply writing a different withdrawal address). + +Boom. Problem solved for everyone who would previously get his Coinbase or Bitstamp account randomly breached and lose everything overnight due to one silly mistake. This is a bigger security feature than two factor authentication, is it not? I really cannot see any downside of having this option in every exchange out there, even as something mandatory. + +The implementation could be further extended to what bitcoinbuilder is doing: to prevent typos or mistakes, the address could be confirmed by for instance providing your public signature along with it. Or, let the withdrawal address be changed freely during the first 24 hours, then lock it. + +What do you guys think? Sites like Bitstamp or Coinbase have nothing to lose adding the "lock withdrawal address" as an optional feature at very least, right? I know I would use it. +You can see the glass half full or half empty. If you believe that your favorite cryptocurrency will get back to its ATH here is how much it would be worth with a 1K USD investment. Glass empty crowd here is how much some of these coins has dropped from ATH. + +For example, for BTC a 1K investment now, if and when it reaches back to its ATH would be 3.4K. For ETH it would be 4.3 K and for something like DOT it would be 7.8 K or HNT it would be 5.9K. + +table is ranked by marketcap. +&#x200B; + +|name |Amount from 1000 if ATCH |% Price Drop from ATH |date since ATH |% to ATH | +|:-----|:------------------------|:---------------------|:--------------|:--------| +|BTC |3,496.50 |-71.40% |7 months ago |249.7% | +|ETH |4,394.50 |-77.24% |7 months ago |339.4% | +|BNB |3,037.00 |-67.07% |1 year ago |203.7% | +|XRP |10,518.00 |-90.49% |4 years ago |951.8% | +|ADA |6,748.70 |-85.18% |10 months ago |574.9% | +|SOL |7,554.80 |-86.76% |7 months ago |655.5% | +|DOGE |10,734.30 |-90.68% |1 year ago |973.4% | +|DOT |7,854.30 |-87.27% |8 months ago |685.4% | +|TRX |3,447.20 |-70.99% |4 years ago |244.7% | +|SHIB |8,381.30 |-88.07% |8 months ago |738.1% | +|LEO |1,384.40 |-27.76% |4 months ago |38.4% | +|WBTC |3,573.60 |-72.02% |7 months ago |257.4% | +|AVAX |8,398.60 |-88.09% |7 months ago |739.9% | +|STETH |4,490.90 |-77.73% |7 months ago |349.1% | +|MATIC |6,164.30 |-83.78% |6 months ago |516.4% | +|LTC |8,002.00 |-87.50% |1 year ago |700.2% | +|FTT |3,376.70 |-70.38% |9 months ago |237.7% | +|OKB |3,509.60 |-71.51% |1 year ago |251% | +|LINK |8,405.10 |-88.10% |1 year ago |740.5% | +|CRO |8,381.10 |-88.07% |7 months ago |738.1% | +|XLM |8,014.50 |-87.52% |4 years ago |701.5% | +|NEAR |5,976.60 |-83.27% |5 months ago |497.7% | +|ATOM |5,298.00 |-81.12% |5 months ago |429.8% | +|UNI |8,966.10 |-88.85% |1 year ago |796.6% | +|XMR |4,463.60 |-77.60% |4 years ago |346.4% | +|ALGO |11,334.40 |-91.18% |3 years ago |1033.4% | +|BCH |35,200.60 |-97.16% |4 years ago |3420.1% | +|ETC |11,109.70 |-91.00% |1 year ago |1011% | +|TFUEL |13,061.00 |-92.34% |1 year ago |1206.1% | +|XCN |2,150.80 |-53.51% |1 month |115.1% | +|VET |12,209.70 |-91.81% |1 year ago |1121% | +|FLOW |27,179.50 |-96.32% |1 year ago |2617.9% | +|SAND |7,118.60 |-85.95% |7 months ago |611.9% | +|APE |5,766.70 |-82.66% |2 months ago |476.7% | +|XTZ |5,922.10 |-83.11% |9 months ago |492.2% | +|FRAX |1,137.70 |-12.11% |1 year ago |13.8% | +|HBAR |9,099.10 |-89.01% |9 months ago |809.9% | +|ICP |127,159.70 |-99.21% |1 year ago |12616% | +|MANA |6,619.40 |-84.89% |7 months ago |561.9% | +|FIL |43,456.90 |-97.70% |1 year ago |4245.7% | +|THETA |12,885.20 |-92.24% |1 year ago |1188.5% | +|TUSD |1,616.80 |-38.15% |3 years ago |61.7% | +|AXS |11,411.80 |-91.24% |7 months ago |1041.2% | +|EGLD |10,349.80 |-90.34% |7 months ago |935% | +|BSV |8,924.00 |-88.79% |1 year ago |792.4% | +|HNT |5,920.20 |-83.11% |7 months ago |492% | +|EOS |23,529.80 |-95.75% |4 years ago |2253% | +|KCS |3,321.40 |-69.89% |7 months ago |232.1% | +|AAVE |11,000.70 |-90.91% |1 year ago |1000.1% | +|MKR |6,879.30 |-85.46% |1 year ago |587.9% | +|BTT |3,919.60 |-74.49% |5 months ago |292% | +|QNT |7,293.90 |-86.29% |9 months ago |629.4% | +|MIOTA |19,228.10 |-94.80% |4 years ago |1822.8% | +|XEC |9,674.40 |-89.66% |10 months ago |867.4% | +|10SET |1,700.80 |-41.20% |1 year ago |70.1% | +|ZEC |56,018.40 |-98.21% |5 years ago |5501.8% | +|GRT |29,605.80 |-96.62% |1 year ago |2860.6% | +|HT |8,852.70 |-88.70% |1 year ago |785.3% | +|KLAY |18,355.90 |-94.55% |1 year ago |1735.6% | +|FTM |13,368.00 |-92.52% |8 months ago |1236.8% | +|SNX |10,225.80 |-90.22% |1 year ago |922.6% | +|RUNE |10,082.10 |-90.08% |1 year ago |908.2% | +|PAXG |1,236.90 |-19.15% |1 year ago |23.7% | +|GT |3,203.00 |-68.78% |1 year ago |220.3% | +|BAT |4,791.70 |-79.13% |7 months ago |379.2% | +|NEO |23,588.60 |-95.76% |4 years ago |2258.9% | +|AR |7,518.10 |-86.70% |7 months ago |651.8% | +|ZIL |6,524.10 |-84.67% |1 year ago |552.4% | +|CHZ |8,734.20 |-88.55% |1 year ago |773.4% | +|WAVES |11,457.90 |-91.27% |3 months ago |1045.8% | +|STX |8,763.80 |-88.59% |7 months ago |776.4% | +|GMT |4,963.30 |-79.85% |2 months ago |396.3% | +|DFI |6,176.70 |-83.81% |6 months ago |517.7% | +|LRC |9,587.70 |-89.57% |7 months ago |858.8% | +|BIT |7,157.80 |-86.03% |7 months ago |615.8% | +|ENJ |9,658.50 |-89.65% |7 months ago |865.9% | +|DASH |34,726.60 |-97.12% |4 years ago |3372.7% | +|XAUT |1,139.60 |-12.25% |1 year ago |14% | +|KSM |12,367.40 |-91.91% |1 year ago |1136.7% | +|AMP |12,970.10 |-92.29% |1 year ago |1197% | +|CAKE |14,135.00 |-92.93% |1 year ago |1313.5% | +|EVMOS |3,211.30 |-68.86% |2 months ago |221.1% | +|GALA |15,225.40 |-93.43% |7 months ago |1422.5% | +|CELO |11,137.90 |-91.02% |10 months ago |1013.8% | +|KAVA |5,181.80 |-80.70% |10 months ago |418.2% | +|XEM |44,821.30 |-97.77% |4 years ago |4382.1% | +|HOT |14,753.60 |-93.22% |1 year ago |1375.4% | +|CEL |9,022.30 |-88.92% |1 year ago |802.2% | +|MINA |14,499.50 |-93.10% |1 year ago |1350% | +|XDC |7,542.90 |-86.74% |10 months ago |654.3% | +|1INCH |13,796.00 |-92.75% |8 months ago |1279.6% | +|FXS |8,806.60 |-88.64% |5 months ago |780.7% | + +TLDR; are you a glass half full or empty? If you think your crypto will reach its all time high again then its a simple decision. 1K in BTC 3.4K and 1K in LRC is 9.5 K. Half empty, LRC is down 89% and BTC is down 71% + +ctrl+f and find your fav coin. + +addendum: as pointed below - for shit & giggles here is how it would look like for the infamous LUNA classic: + +current is: 0.0001288 assuming ATH was ~ 115 + +892,857,142.9 +We found out last week that my wife is pregnant! Great news! Obviously very early days. Financially we have no idea how much we need to save up in advance just to buy stuff to get ready. We both have good salaries and she has a decent maternity pay scheme (NHS). + +I've heard people say that things can be as cheap or as expensive as you want them to be, but neither of us have any family or friends who have had a child in the last 20 years, so we have no idea what things we'll need or how much they cost, and mild panic is setting in! What are the absolute minimum things you need to buy for a baby and how much do they cost roughly? + +Edit: worth mentioning that due to some breast surgery my wife had, it's very unlikely she'll be able to breastfeed. +He literally asked his co-anchor +“If you own a meme stock why would you ever sell?” He knows the sub controls the float and therefore the floor. + + +If none of the apes ever sells, the floor is literally infinity, and he knows this. In fact, to him it’s so easy it’s “child’s play.” He wants the sub to admit that there is a collective “us” here so the SEC can nail us, but there isn’t. There is just a round table of apes discussing technicals, the company’s projects, and similar interests. The reality is that We. Just. Like. The. Stock. + + +My opinion is that CrackheadCramer just showed his hand. The floor of $50 mil, $100 mil, $200 mil, whatever apes want can have. It’s up to the apes to decide how history will be written at this point. Truly in the endgame. + + +Don’t succumb to the fake squeezes. They’re already lining up a face squeeze for AYEMCEE to $50, and people are already catching Onto the shill tactic. Same will be done for GME. + + +💎 🙌🏼 + + +$GME 🦴er 🚀 to the 🌙 +I sell weeklies. Number one criticism, gamma risk. Everyone says it increases chance of assignment. How? + +I’ve watched the tasty trade gamma risk videos. I’ve read about it. I’ve watch more videos about it. I understand gamma risk increases delta and its rampant during the last week of an option. But how does that increase assignment risk? + +Here’s my thought process. I sell a put. Someone buys it. We have the same breakeven point. Strike - premium. So why does it matter that the delta will swing one way or another? They already bought my put and the breakeven is set. + +I understand gamma risk can end up making you pay a lot more money for buying to close if the stock tanks but that’s indirectly affecting assignment risk. + +Can someone ELI5 how gamma risk directly affects assignment risk? And if I’m wheeling isn’t gamma risk irrelevant since I don’t care about assignment? +I personally like to sell puts when IV is at or near its highest levels, which are usually on green days, and when those green days are at or near support levels. Nothing better than watching vega bring in the premium even when the price goes against you. +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. +Hey guys, new here but been selling monthly covered calls for a few now. I was wondering if you had any advice on how to maximize the premiums you could when putting an order through. Whenever I sell I always get like 10% less than the last price. Additionally, if I try doing limit orders none of them ever get executed. Super frustrating. +I know this carries the small risk of being exercised. However, it seems like you should sell ATM puts if you are wanting to do best with extrinsic value. If your going to roll down/out until you win anyways then why not? + +BTW. I've made 90% of my profit on OTM CSPs or OTM CCs this year. Seems like I would have done better with ATM puts than anything using this logic. I do these on low dollar stocks that have decent liquidity. +Apes, + +Take a minute to reflect on EVERYTHING that has happened since day one. Everything that has brought us here to this very moment. Think about EVERYONE alongside you and what has brought us together as a community. Think about the *discipline*, *integrity* and *resiliency* we've all come to endure. + +*You may not see it right now*, but at this very moment in time, you are currently living in one of the greatest stories to ever exist in human history. [I want everyone of you to be proud for sticking](https://youtu.be/UI-RFRykjTk?t=134) it to the man and standing up for change. + +When I reflect on GME....***I see a fucking master piece.*** +Or bro science? + +Those stock charts seem ridiculous, it works at times coz there are millions of doods doing the same shit and they know they are not alone in this game? +Hi everyone, + +This is my first post on Reddit. been a by-stander for a while, but now decided to share and seek advice. + +(Please forgive me for any grammar mistakes, English is not my first language). + +&#x200B; + +So, here goes: + +My wife and I are both 33. A few years ago we moved to an eastern-European country with very cheap living costs, while I freelance online. + +I am the main bread-winner and over the last 3 years I made more than $100K/year. This year my projections are to hit $130K. + +Living expenses are very low and we have been able to increase our living standards quite a bit since moving, while still saving and investing 70-80K a year. + +&#x200B; + +So, what exactly is the problem? + +Well, it seems that somewhere along the way, I became super-anxious about spending money. My standard for saving use to be 50% of the income but recently I find myself thinking that 75% isn't enough and we should do better. + +The worst thing is my "fear" of spending any money that I don't deem necessary. + +I feel like I am getting anxious about spending money and our financial future in general, without a really good reason. + +&#x200B; + +In the back of my brain I know that money is just means to an end, but it seems like I have it the other way around. I am also very much aware of the fact that being stressed now for the sake of being more relaxed (financially at least) in the future can make me miss on everything that is here and now for something I am not even sure can happen. + +&#x200B; + +Does anyone relate? + +Would much appreciate comments and tips. + +Thanks :) +He's usually very pushy about it as well. I'm just wondering if that is a smart move? Can anybody give me advice about it from a personal standpoint, or a financial guru standpoint? +As the subject implies, my son is 15. I have a bit saved in a 529 (about 5k), but I have never had enough to fully fund a college fund until now. Fortunately, my Dad wants to help and has a lot of money (100k+) sitting until my son is 18 and needs it. + +My question is… outside of the legal stuff we are going to do in order to ensure he can use the funds if something happens to my Dad (he’s over 70), are there things we can do now to grow the cash over the next 3 years or so with the potential of the recession coming? +I was just wondering if anyone here has experience with FI success while also traveling, taking gap years, living as an expat, or otherwise having a carefree/somewhat irresponsible life. To me, these two ideals seem incompatible because FIRE is easiest to achieve with the following in place: + +a stable foundation, a routine that allows you to streamline your expenses into the bare minimum, having all necessities close to home, working hard at your career and making the necessary steps to advance, having a company match for your retirement account, having a house and other assets that you can pay off, having access to strong economies and all of their fast-track methods, being able to manage real estate investments in the same city, not having major gaps on your resume that prevent you from getting a job, not having a boatload of travel expenses, etc. + +My problem with that lifestyle, as great as it sounds, is that I will be graduating with my undergrad soon and I'm very hesitant to spend what remains of my youth in a cubicle with a high savings rate only to be free to do what I want when I'm 35. (even though that's a far cry better than 65) + +If I had no concern over building a financial future or advancing my career, my first job out of college would be living at a ski resort in Utah for a couple of seasons, followed by a few years in France, then the lower East Coast, then Washington, and you get the idea. I was just wondering if any of you guys have been able to meld these lifestyles together, or had any thoughts about doing what you enjoy while still working hard at your career. +So. I'm one of the morons that started learning and studying day-trading two months ago after being laid off. Since then I've consistently made money, and averaged above my previous salary. I've learned several expensive lessons, I've had a couple negative weeks even, but always came back and then some. Im starting to think this might actually work as an income source, but that seems ludicrous. I guess "humble brag" or whatever, but someone with years of inexperience (compared to my weeks) please tell me a horror story of it all going to shit. I've been treating it as a full-time job every day and I really love it. It just can't be this simple to get out of the rat-race. I've been involved enough to know the market is far from "normal" right now. Perhaps that has made it easier on me. + +I'm legitimately terrified that I'll fuck it all up so badly if I decide to just pursue this indefinitely. +Starbucks just announced they're moving away from plastic straws. Paper straws are a growing trend. Are there any public companies that would be good plays to take advantage of the paper straw revolution? +So a bit of basic information about myself. +My partner is currently living in Spain, and is pregnant with our first child. Covid has kind of interfered with our plans, so we have decided it’s best for her to have the baby in Spain near her family and to move to the U.K. shortly afterwards. + +She has work experience doing housekeeping work, but generally earns around the minimum wage. + +I currently earn £26,300 per year, with a take home of £1630 per month after tax. + +I have a £60,000 deposit and am currently looking into buying a house for around £180,000. + +I don’t have any credit card debts, no car loans, and I calculated my bills excluding any mortgage will be £615 per month (includes council tax, broadband, tv license, phone costs, subscriptions, gas, electricity and water). + +My partner won’t be working for a couple of years, as childcare isn’t affordable and she wants to stay at home for a while regardless to spend time with the baby. + + +So basically I’m just wondering am I going to run into significant financial trouble if I go ahead with this plan? +I was looking at land for sale and noticed some marina berths advertised around $17k. +I got curious and looked into what their rent prices were and noticed some around $100 p/w. + + +Supposing I was to buy a couple and rent them out for a little passive income, would there be any maintenance costs or other costs I would need to pay the marina? I couldn't really find much online +Hoping someone with more experience with boats and marina life could offer more insight +So I'm sure we've all noticed a lot of talk for the past 6 months (well, it's been increasing) about a property crash/bubble burst, whatever you want to call it. + +What I've been wondering is; Does the fact that we are all talking about it, and are aware that it could happen soon, make it less likely that we'll let it happen? (As a culture/people). + +For instance, in 2008 right before the GFC, were most Americans aware of the risk/impending crash? + +I have been wondering if all this discussion is possibly a buffer against a sudden, complete-surprise crash? +I'm relatively new to this subreddit, but I've been taken aback by the number of posts & comments expressing the view that the CPI is mismeasuring inflation. Is this like... a standard belief here? +After allthese corona virus stocks, I am lucky to have made $2000 after risking many times that in these stocks. Please before getting caught up in all the hype of 500% gains, that ain’t happening anymore for more than a day. How do these $30m companies become 100-250m companies over night? If you know how to value a company you will realize these are hugely overvalued and will never be big players in anything after the virus goes away. Don’t get greedy and cash out when you can, remember someone will be left holding the bag. + +BMRA, BLPH, AYTU, CODX and many more.... +I can't believe how easily people can swing their decision about blockchain technology and Bitcoin as a decentralized currency. + +I believe (and sorry if you don't agree): +If you bought it to make profit, you will sell on these statements where China & Elon musk shaking your belief. But if you bought it because you understood it and believe in the future of decentralized monetary system and actually want that to be true, you won't sell. + + +Me: +Just a normal IT guy :) +Credit to [u/FriedrichWeyland](https://www.reddit.com/user/FriedrichWeyland/) who explains why Morgan Stanley may have sold their GME positions. + +[https://www.reddit.com/r/GME/comments/nfqkgv/sricc2021005\_and\_morgan\_stanley/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/nfqkgv/sricc2021005_and_morgan_stanley/?utm_source=share&utm_medium=web2x&context=3) + +On page 6 of SR-ICC-2021-005 ([https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf](https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf)), one of the recovery tools/actions ICC can use is : + +\--Partial tear-up of remaining positions (ICC Rules 20-605(f)(iii) and 809) where ICC terminates positions of non-defaulting CPs that exactly offset those in the defaulter’s remaining portfolio; and + + \--Reduced gains distributions (“RGD”) (ICC Rule 808) for up to five consecutive business days, allowing ICC to reduce payment of variation, or mark-to-market, gains that would otherwise be owed to CPs, as ICC attempts a secondary auction or conducts a partialtear-up. + +What this clause is saying is that if the defaulting member has positions like say short GME, any non-defaulting member who has an offsetting position (in this case long GME) would have that offsetting position terminated. + +The question is how does the ICC define the term "terminating" a position. Do they force the non-defaulting member to sell their offsetting position? Is the offsetting position taken away from the non-defaulting member and just used outright to cancel the position the defaulter passed to ICC members? + +&#x200B; + +In options, when an option is terminated it means the buyer is legally allowed to cancel an executed trade. I just don't know how "terminate" would be defined in this case. Anyone care to chime in? +Do you have similar holdings? Different holdings? + +Planning to open up a RRSP. + +Currently have XEQT in my TFSA. + +Wondering if I should sell my XEQT in my TFSA and just go all XEQT in the RRSP instead. +With the recent commission war going on in the US among discount brokers. + +Has anyone managed to get their commissions reduced with their bank/broker? RBC Investing, TD Direct Investing, BMO Investorline, etc? +Hi guys, like a lot of people, I've started to research stocks because of the pandemic. I obviously want to diversify my holdings, and I think gold would be a good industry to dip my toe in. I'm looking to buy some mining company stocks in specific. I want to hold for the long term, and am wondering what you guys think about the following companies. I've just been browsing the sub and other sources to compile this little list, so any thoughts are definitely appreciated. I'm looking at: + + +Endeavour Mining - EDV +Freehold Ventures - FVL +Kirkland Lake - KL +B2Gold Corp - BTO +International Tower Hill - ITH + +Literally any insight about the stocks themselves, general investing advice, or the gold industry overall would be super appreciated. Thank you in advance! +I received a call for me to contact the Alberta Securities Commission about a significant investment we made at Choklat in Calgary. Sounds like a lot of dishonest things have been happening there. Has anybody else given money to the owner, Brad Churchill, and knows what's going on there? + I was thinking of adding some to my TSFA. Was thinking of adding 500-1K shares and just letting it DRIP for 10-15 years min. I would like a second opinion on this as well as alternatives. I have some OIL/GAS stocks which I would be selling and looking to add ETF and similar products to the portfolio. + +&#x200B; + +Some of my long holds + +T, NRT,POU,PPL,STAG,TRP + +Thanks in Advance +Hi everyone. I live in Toronto Ontario Canada and just wondering if I could get some advice. + +My 16 year old has just over 4k that he wants to invest. Now seeing that he's 16, I don't believe he can open an investment account or TFSA, correct? So I'm guessing I would open the account under my name and put him down as beneficiary? Or is there another way to do this. + +I explained to him the risk factors and rewards and we both agree he wants something low risk that pays dividends, ie bank stocks. Any other suggestions? +There has been contention in recent weeks between users, supporters of, and developers of the Binance Smart Chain and decentralized blockchains like Ethereum. + +Proponents of decentralization aren't happy that CZ and Binance dishonestly promote their network as decentralized and 'DeFi', with a number of rumors about just how many of BSC's 21 nodes are operated by Binance (some say 11, others have said all 21, some say just a few). + +After CZ has started bashing Ethereum and artificially infalted ETH gas fees by making all withdrawals pay 10-30% more than ETH gas station's 'highest' rate, it appears that proponents of decentralization have struck back. + +They've launched a DeFi/farming app on BSC about the Tiananmen Square massacre, presumably to force CZ to remove it and end BSC's charade as a 'decentralized' blockchain. + +Here is the smart contract address: https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c + +This is an interresting test of a 'decentralized' system to see whether Binance removes the smart contract or risks getting on the bad side of the Chinese government. I'm curious to see how BSC reacts and if they try to retaliate somehow. +One of the things that I think a lot of people overlook when planning their retirement costs is what in business we would refer to as capital expenditures or capex. + +Believe it or not, your computer will not last forever, your phone won't last forever, your tv won't last forever, etc. But, the purchase interval on some of these items is so great that it's easy to forget them as part of your budgeting. + +For instance, a smart phone has an estimated useful life of 4 years. After that, either it no longer works or it's no longer supported by the manufacturer and you're no longer getting security updates and all of your apps quit working. What's a decent smart phone run today, $700? That's $14.60 a month you need to set aside. + +I know, $15 a month doesn't seem like it's going to break your bank but, let's take a look at your car. Say you buy a middle of the road vehicle for around $20K. You might expect that car to last 10 years (IHS says 11.6 years in the US). Well, even assuming that in 10 years you can buy another car for $20K, you would need to be setting aside $166 a month if you're going to pay all cash for it. + +Now, $166 a month may be a budget breaker for some people. And that's especially true if you start adding up all of the small items that are going to need replacing like the previously mentioned smart phone. Your $166 plus $15 is $181. + +What about your TV? Kindle? iPad? Laptop? Refrigerator? Washing machine? + +Obviously, some people may not have all of these expenses. Maybe you walk everywhere so you never own a car. Maybe you rent and you don't have to worry about replacing household appliances. + +Great. But when I see some of the budgets people post here and in r/leanfire, it's pretty obvious that people are just looking at current expenses and not really budgeting in longer-term expenses. + +Who knows, maybe you get lucky and get 20 years out of your car. Celebrate, you saved some money. But don't not budget for replacing it. + +Some people claim that this kind of stuff is in their emergency fund. But, an emergency is typically an unexpected event. The fact that your laptop will eventually break down is not only something that can be anticipated, it's almost guaranteed to happen eventually either via physical failure or by becoming obsolete. + +I would estimate, based on things that most people would consider basic necessities, most people have anywhere from $200 - $600 of capex to cover every month. + +That may sound insane, but I challenge you to take an inventory of everything that you own in your house that will eventually break down or become obsolete (power tools, garbage disposal, etc). Then go check the useful life of each of those items and their current replacement value (you should really be estimating future replacement value, but let's keep the exercise relatively simple for now). Divide the number of useful life into the replacement cost and that's the amount of money you should be setting aside every month. + +Another potential area where people could get bit in the ass is subscription costs. Just watching the last 5 or 10 years, how many things that you didn't even know about or used to be free, now are essential and you have to pay for? + +Password manager? $4 a month + +VPN so you can securely connect to public wifi networks? $5 a month + +Cloud storage? $10 a month. + +Microsoft Office 365? $6 a month. + +Amazon Prime? $9 a month. + +Yes, maybe you have that in your budget today, but as we slowly move to an economy where people own things less and less, and rental or subscriptions become more of a norm, what future expenses are you going to have? + +I know, you couldn't predict needing cloud storage 10 years ago, so it's a little difficult to budget for things you don't even know that you will need but, will Goole start charging $5 a month for email? Will Facebook start charging a monthly fee? + +I would take all of the misc subscription fees that you are currently paying and figure that in 10 years, that number will likely be at least double. Both in the fact that existing subscription fees will increase and new "essential" services will become available or one-time purchases will go to a subscription model. + +Of course, you can often find free versions of some of this stuff. You can use Bitwarden or KeePass for password management, you can use Google Docs instead of MS Office, etc. But will these services remain free forever? + +The main point of this is that little things add up if you actually track them. $5 a month here, $10 a month there, and eventually between subscriptions and capex, you're looking at $500 a month or $6K a year in expenses you didn't even know you had. Unbudgeted costs. How many of those costs are hiding in your budget that are going to turn around and bite you years down the road? + +So, it's important to really take a hard look at your budgets. Most people are so focused on the top line number (i.e. their net worth of how much revenue $X will generate at a Y% SWR) that they may be overlooking the more important number, which is your actual costs. Not your cash outlays over the last 12 months, but the actual costs associated with owning any asset that needs to be replaced and anticipating increasing fees for services that are becoming increasingly essential. + +If you have plenty of cushion in your budget, maybe you can absorb $500 a month. Great. Kudos to you. But, anybody under $30K - $40K a year should be taking a good hard look at their FIRE plans and budgets if they haven't been factoring in all of these expenses. + +Given all of the long debates that have been had on the difference between a 3.5% vs a 4% SWR, and the relatively few threads on budgeting and cost estimation, I'm going to guess that the vast majority of people that fail in FIRE will fail on the budgeting side. +Hi, everybody. + +We're getting a lot of the kinds of posts I reference in the title. Many go like, "I want to FIRE. I paid off my student loans last week, w00t. Here's my financial situation as of this morning. How can I generate passive income? Is it more efficient to max out my 401(k) or save post-tax? 100% index funds, or should I have a bond allocation? I own a home in the Bay area. Should I rent it out and move into something smaller? All advice appreciated." + +I mean no disrespect to anyone, of course…those are important statements/questions. I'm simply exaggerating to illustrate that while such posts may overlap with FIRE, if the overlap is tenuous they're subject to removal even though they contain the acronym. + +Posts like these are also indicative that the OP may not've thoroughly researched the subject in more appropriate places. Please make sure you check subs like /r/personalfinance, /r/realestate, /r/entrepreneur, /r/frugal, etc. before asking such questions here. Take a look at the sidebar, too. + +Be aware that for milestones we have a weekly thread. The daily thread is also an option since its topical rules are looser. And don't forget that we have a "report" button. + +Thanks for your help in keeping the front page directly on topic. Yer pal…ER. + +Edit: all that said, man…if a post along those lines get made and for whatever reason it generates hundreds of upvotes and comments, my own personal inclination is to leave it up. It might not strictly be OT, but the community's invested in it enough to where it's clear that it's providing value, so--again, personally--I'm hesitant to remove it. I'd prefer to facilitate discussion instead of controlling it. Please understand, though, that what I just said is the exception rather than the rule. +As the subject says, it would be nice to peep into the psychological aspect of a trader/investor during such highly volatile times. + +What happened? + +What worked? + +What did not work? + +Any learnings for the future? + +Thanks! + +**SUMMARY:** + +* Brokerage site overload stopped people from executing trades. This could be both good and bad! +* While the move was sharp, it was too quick for many people to take any action. +* It was just another day for guys who woke up late! +* Few people did make money!!! + +**Question:** + +Does it bother people who faced this issue? Are they worried that they might get stuck in a wrong side of trade because of broker's infrastructure issues? + +Kuvera has helped me locate and fix this strange problem. Some AMCs like Axis MF let you edit the email ID online, so you can fix it by yourself. CAMS-serviced funds are not affected by this, it seems. +I have recently started investing and I was looking to invest in Tech Stocks, while researching I found that Tech Mahindra is a decent pick but the price has seen a steady decline from the all time high, even in the relief rally that we are seeing Infosys and TCS have seen some recovery but TechM keeps sliding downwards. + +I can see from the Groww and Trendlyne app that there is no significant fundamental probelm. PE is normal, PB is decent and Profits keep rising. The attrition issue as seen in the tech industry also seems to be within range of the industry. + +Even recent news articles are about them hiring for their centers, expansions and new acquisitions. + +What am I missing here? What mistake am I making? + +What is it that everyone can see that I am not able to discover in this scenario? + +It would help me out a lot if anyone can help me realise the confusion here, so that I can make better informed choices going forward. + +Thanks in advance. +Since the beginning of this year, Indian market has proved to be much more resilient compared to US S&P 500 or Nasdaq. It had a much smaller drawdown until June and since then has risen much more too. Even in the last couple of weeks around the Jackson Hole speech, it has fallen much less than the US counterparts. + +What is the reason behind such resilience? Generally speaking, Emerging countries suffer disproportionately when USD is strong and there is Capital flow towards Heaven countries, but India seems to be defying this theory this time around. + +Is it the underlying long term strength of the economy or is this a market structure thing? +Any insights much appreciated. + +Thanks! +Assume that I am a long-term investor and hold 100 shares of TCS bought at 3000. + +Now, to earn extra money, I sell call options for a premium (say x) of TCS at a 3300 strike price expiring in 30 days. In this scenario, we have 3 options: + +1) TCS does not reach 3300 and options expires and I get to keep the premium. + +2) TCS reaches 3300 and I need to sell my shares. I have 300 profit per share and also get to keep the premium. + +3) TCS crashes below 3000 and I have unrealized loss but that is ok since the fundamentals of the company and strong and I am a long-term investor. + +&#x200B; + +What am I missing here? + +Also, is it possible to do it in Zerodha? +I have a home loan from Bank Of Baroda. I got it changed to BRLLR last year. Now the yearly rate revision has come up. The bank informed me that my "CreditVision Score" in my CIBIL report is 722 (There were two scores in CIBIL Report: one was CreditVision Score which was 722 and other was Personal Loan Score which was 765). That is why I will be charged 6.75+0.6 = 7.35% interest rate for the next year. My CRIF score on Cred shows 782. + +I thought my credit score is quite good, then why such issue? I was expecting the rate to be the base rate. Are they doing anything wrong which I can get corrected? Am I missing something? + +Also, the rate revisions in case of RLLR/EBLR (BRLLR in this case for BOB) happens once a year or the frequency is different? +I had filled my returns in July-2018 and successfully e-verified. +Usually it would take 1 month for the status to change to ITR processed , but for this Assesment year it is still in e-verified state and not moved for last 5 months. + +Anybody else having same issue? +Hi all, here's my 2 cents on potential investment pattern in a falling stock market: +You have 1L INR as investible, and you're planning to invest in your portfolio (or stock) 'V' which is currently priced at 1200. +*Note: I'm planning to invest for the long term(>5 years)* +**Option 1:** Equal investment at each price drop limits. +1100 - 20k +1000 - 20k +900 - 20k +800 - 20k +700 - 20k +So average investment price comes to 900 and you'd have the 1L INR worth of 'V', 111 units of the same. +So equal risk at each entry. + + +**Option 2:** Similar to option 1, but with more gaps, and lesser buy per gap. +1175 - 5k, +1150 - 5k, +1125 - 5k, +... ... ... +... ... ... +... ... ... +725 - 5k, +700 - 5k. +Once again, the average would be 900 and 111 units of 'V'. Equal risk at each entry. + + +**Option 3:** Weighted distribution with higher investment at lower prices. (Less investment to start with, and higher investment as the price continues to drop further) +1100 - 10k, +1000 - 15k, +900 - 20k, +800 - 25k, +700 - 30k +So total you will end up with 120 units, as compared to 111 units in the first 2 cases, but then again we don't really know if the stock/portfolio will continue to drop till 700 at all, maybe drop will stop at 1000 only and you'd have less amount invested. But that's the risk/reward distribution. + + +**Option 4:** Similar to option 3 now, but with more gaps. +1175 - 2.5k, +1150 - 5k, +1125 - 7.5k, +... ... ... +... ... ... +... ... ... +725 - 27.5k, +700 - 30k +So total you will end up with even more than 120 units, more than options 1,2 and option 3. However, a risk, similar to option 3 would be persistent here as well. + + +What would be your take on the same? And would appreciate your insights. + + +Thanks, +S. + + +(I'm a relatively new investor, so please pardon my mistakes if any) +Everything feels very rushed and it’s stressing me out. I received an offer Friday night to start on Monday. I already work with them part-time, so I’m just switching full-time. For that reason I can kind of understand why everything is so last minute? But anyways, now I’m confused on what to do because I’m going to go into work on Monday full-time before they respond to my negotiation email. Wtf do I do? Lol +The agreement is just a way to delay scaling and segwit so Jihan can continue to make money exploiting the ASICBOOST. + +The agreement is designed to placate people so they stop UASF. **UASF efforts cannot stop!** + +I will tell you what will happen if this agreement passed. 1) It would be delayed as there is no mechanism to force anyone to actually follow the agreement. It is not different than the failed hong kong agreement. 2) The result is that in 1 year we will be back at UASF. That is 1 more year that Jihan gets to make excessive profits with ASICBOOST. 3) The small chance the agreement does get executed in 1 year will still mean Jihan gets excessive ASICBOOST profits because segwit as a hardfork does not stop covert asicboost. + +**The agreement shows us that miners are scared of UASF**. We need to continue to lobby exchanges and the broader userbase that UASF is the way forward. Waiting another year for another failed agreement among centralized authorities is not good enough! + +**EDIT** Also sign this to show your support for UASF: https://www.change.org/p/users-upgrade-your-node-to-support-the-bip-148-soft-fork +I created an extension for Chrome that calculates the time you have to work for prices that you see on websites (by hovering over them) - [Link to Chrome Web Store](https://chrome.google.com/webstore/detail/timeprices/ghhacoaoggpnihbdoejcmpmiepkjkedh). + +It started as a half-joke education tool for my girlfriend, but she ended up actually using it so I polished it and made it public (it's [open source](https://github.com/guyb7/time-prices)). Thought you guys might be interested! + +It lets you configure your income, and works with most common formats ($4.99, €1.5K). It doesn't have ton of mileage yet, so I'd appreciate your thoughts and please point out any bugs you may find. + +**Edit:** Thank you for the feedback! I'm really glad people find it useful. + +Just wanted to use the opportunity to note that I added the blacklist/whitelist requested feature, and next will add an option to change the base currency to something other than USD. +I'm not sure how Chrome decides when to update each installed extension, so if you installed it already you might need to force update it, or just wait until it updates itself. +In light of the news that the blackout in China cause the overall hash rate dropped 45%, and it was just one Province in China which means the overall hash rate by Chinese mining farm and pool is well over 50%. + +https://news.bitcoin.com/bitcoin-hashrate-drops-xinjiang-blackouts-blamed-btc-price-slides/ + +I can't help but feel a bit uneasy with this. I always knew China has a centralized hashing monopoly but didn't really click with me until the blackout. + +Utlimately BTC is China. + +And China is the CCP government. + +As much as we think crypto is decentralized but ultimately the chinese government controls the very nature of how the blockchain is being secure is a bit frightening. + +Thoughts? +[pairagraph.com/dialogue/755e3b11feb44c4cb951893cb3f70b2f/2](https://pairagraph.com/dialogue/755e3b11feb44c4cb951893cb3f70b2f/2) + +**Lonsdale**: "If someone calls for the end of private equity, they are basically saying that there should be no competition for the big banks and pension funds that hold almost all of today’s capital. Far from an all-powerful behemoth, private equity today represents an important corrective to more centralized investors on the American scene. + +Matt \[Stoller\] cites a handful of cases, without numbers or evidence, where he says private equity has wrecked an industry, or “looted” it. Yet there are a wealth of studies, including one that looked at over 35,000 manufacturing plants, which have showed that private equity buyouts [cause substantial increases in productivity](https://www.mitpressjournals.org/doi/abs/10.1162/0034653053327540). And few would deny that the U.S. venture capital industry, which still has over 50% of the global market, is one reason the U.S. creates the world’s most successful companies, such as Amazon, Google, and Apple. + +Private equity also can’t be blamed for “monopolization,” since concentration has actually decreased in recent years. The Fortune 500 firms have a lower percent of all workers and profits than they did back in 1980. And private equity helps explain why Fortune’s list only has 20% of the same companies as in 1960. Private equity [helps create a dynamic economy](http://w4.stern.nyu.edu/economics/docs/workingpapers/2017/White_WhatHasBeenHappeningtoAggregateConcentrationintheUSEconomyinthe21stCentury.pdf) with real turnover and competition, not stasis. + +Matt somehow manages to blame the small private equity industry for recent declines in productivity and even life expectancy. Yet America experienced a doubling in productivity growth between 1995 and 2005, just as the private equity industry took off. And although the financial crisis put a damper on that growth, private equity neither caused the collapse nor received the federal bailouts that big banks and corporations got. I think the decline in life expectancy since 2015, as the economy grew, can hardly be laid at the feet of a few private equity investors. + +In sum, private equity is a small but essential part of today’s capital market. It counteracts the tendencies of concentrated and run-prone banks with stable and nimble funding for new ideas. As a nation, we should be excited about the prospects for this industry." +TL;DR - Even if the short ETF gets bought, investors who buy it aren't on the hook for ape tendies. First you'll hate me and then you'll be happier for reading. + +I've read a few comments from Apes who have mistakenly equated people buying the short etf as them ending up on the hook to pay apes. That's not how a short ETF would work. Just to point out another example, look at SPXS. Its an ETF that tracks inverse and 3x to SPY. So if SPY go up, SPSX goes down. If SPY goes down, SPXS goes up. Let's say I bought a bunch of SPXS for $20 and then SPY does some nuclear powered run to 30,000. Those SPXS shares would drop in value but because its a long position the maximum loss I can experience is 100% of the value of those shares. + +So in the same vein, consider the short GME etf. Some boomer decides he hates meme stocks and buys up $1000 worth of the etf (that'll show those kids on his lawn). Then GME goes to infinity and beyond. That boomer is out the value of what he paid for those ETF shares. Yes, its a short etf but he is long on it and longs have a maximum loss of 100% of their value. Doesn't matter how high GME goes, boomer is out his $1000 or however much of the ETF he bought. + +Now expand this out to all of the other mutual or pension funds people want to tie into this. The fund picks up a few thousand shares worth, GME rockets, the only loss is the value of those ETF shares. And this is really the critical part because... + +# AND I NEED YALL TO UNDERSTAND THIS + +Neither boomers or any of those funds only hold one asset. Idc how much that boomer is upset about those kids on his lawn. Between owning blue chips and gambling on a short ETF those groups are MUCH more interested in the blue chips and might take a tiny position in something like a short etf. They prefer safety. Boomer will be out his $1000, not the entirety of his net worth. Doesn't matter how high GME rockets, his maximum loss is however much of the ETF he bought and the chances of him devoting his entire portfolio into a short etf is about equal to Ken being in a room full of mayo and not eating at least 5 jars worth. + +# So the idea that shorts are handing off the bag isn't possible through a short etf. Shorts can have infinite losses, longs have maximum loss of 100%. And yes it can be confusing thinking through going long on a short. + +So why might this exist and why now? I think it has more to do with once moass is in full force. It essentially becomes a way for investors to gain short exposure without the risk of infinite losses. And for that boomer it makes sense. He might have the most negative thoughts about GME but he cares more about safety than hate. So he doesn't want to short it directly when it hits $1000 because the chance of him being wrong and that putting him on the hook for infinite losses isn't appealing. But buying the ETF when GME is $1000 knowing the most he can lose is whatever he spent on the etf.....that's more in line with his acceptable risk levels. And he'll be wrong there, and he'll be wrong at $10k, and wrong at $25k, and so on and so forth but in each case he's not opening himself up to infinite losses. + +The other thing I could see is the shorts using the ETF as a way of generating money to keep the short position open longer. They sell a bunch of ETF shares, and they use the cash to buy more collateral. It buys them more time til moass. The end result though is they still are on the hook for infinite losses and the investors who bought the etf see the value of that drop like a rock. It's the equivalent of the shady auto dealership selling cars they know are lemons. + +Edit: I’m thinking through this further. The etf COULD just be packed full of GME puts. Not GME short positions. Effect would be the same on the etf price where it’s moving inverse to GME. So IF the etf is long on GME puts it’s not connected to infinite losses, just 100% the value of the puts. +I know I Bonds have been a hot topic around here with people asking what the next rate is likely to be. That was an impossible question to answer until this morning when the U.S. Bureau of Labor Statistics released the latest consumer price index (CPI) data for March. + +I'm not an economist but I got into I Bonds last year and wanted to understand how they work. From what I understand from the [treasury direct](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm) website new rates are announced twice a year - May 1 and Nov 1 - and consist of a fixed rate piece (which has been 0.00% for the past couple years and will be the same next month) and an inflation rate piece. The inflation rate piece appears to be based on the past six months of CPI-U data using March and September numbers. I haven't found that written anywhere but I've run the numbers (see below). + +As a check to confirm this is correct I looked at CPI-U data [here](https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm) and it corresponded exactly to the I Bond rates shown in the treasury direct link above. The March 2022 data isn't in the above table yet but can be found in press release [here](https://www.bls.gov/news.release/cpi.t01.htm). + +|March 2020 (258.115)|September 2020 (260.280)|0.84% (1.68% annualized)| +|:-|:-|:-| +|September 2020 (260.280)|March 2021 (264.877)|1.77% (3.54% annualized)| +|March 2021 (264.877)|September 2021 (274.310)|3.56% (7.12% annualized)| +|September 2021 (274.310)|March 2022 (287.504)|4.81% (9.62% annualized)| + +So that's where I Bond rates are almost certainly headed next month. While that might seem like an eye-popping number to get excited about it just means all the rest of your money *not* in I Bonds is getting eaten alive by inflation right now. + +TL;DR: inflation is growing faster than expected, I Bonds are currently earning an annualized 7.12% and when numbers are published next month they will likely be earning 9.62% +Everyone talks about testing different strategies to find one that works for you. I’m wondering how you went about finding proven strategies to test. + +EDIT: Thanks to everyone who answered! I guess I wasn't clear enough though, sorry about that. + +I'm not necessarily looking for advice as a beginner (I have plenty of strategies I've been testing). I'm asking consistent traders how they went about starting to find strategies to test. + +What resources did you utilize? Did you just sit down and go in blind? Did you read certain books or watch certain videos? Did you have a friend/family member/mentor teach you? + +Either way, there are some good conversations below so thanks, and sorry for the confusion! +After college, I began interning with a prop trader that moved back to my hometown from Manhattan and he taught me a lot of what he knew. I finally passed my series 57 and started trading live. After about 6 months, I blew up a 10k account. I want to save up and get back in it and am planning on trading with T3 but, being away from trading is making me question if it’s even worth it. Don’t get me wrong, I absolutely love trading. But am I just an idiot for wanting to give it another go? I have offers for jobs where I can be making a pretty great salary and wouldn’t have any worries about money but idk if I’d be happy not chasing my dreams of trading for a living. Idk, my heads all over the place trying to decide what to do and any insight would be wonderful lol +Out of curiosity, + +What has been one of your greatest triumphs in the market? And what was the decision making that brought you to it? + +What do you own yourself? Where do you put your own money? +Today BMO Investorline updated their "5 Star Program" brackets. To get access to the full version of their crappy trading software now requires a minimum account balance of 2 million dollars. This got me wondering how many accounts a brokerage like Investorline has with 2+ million dollar balances. Anyone know what the total account numbers and balance break down looks like for the Canadian brokerages? + +&#x200B; + +[https://www.bmo.com/investorline/self-directed/fees/5-star-vip-program/](https://www.bmo.com/investorline/self-directed/fees/5-star-vip-program/) +I am looking for another institution to transfer my TFSA to, I am curious if any of you did this. What would be the best institution to move it to and hopefully get the transfer fee waived. +I have heard there is a 30-day rule but haven’t been able to confirm that. I get that short-term betting isn’t ideal, but sometimes I’d like to get out of a trade if 1) the stock has major gain shortly after I purchase it or 2) I need cash to buy another stock. + +Should I worry about holding stocks for at least 30-days? +Hi everyone! + +I’m heavily invested in Canadian Real Estate and have done well so far. But can’t stop wondering about a day when there will/might be a crash. + +I feel it’s not a matter of if, it’s a matter of when and how much. + +So in an effort to crowdsource different opinions and perspectives - I would like to know what investments you folks think are a good hedge against the Real estate market crashing? + +Just looking to diversify my portfolio. +I bought around 11k of ENB a couple months ago. Bought some more recently. I'm down around $1400 on the original purchase. It's all in the same non registered account. If I sell the original shares can I claim the 1400 deduction on my taxes? + +I will have dividend income but no capital gains in my taxes because I haven't sold anything. + +Also is it complicated to show CRA which shares I am specifically selling ie the ones I bought for $42 not the ones I bought for $39 +So right now, SHIB up 60%, DOGE up 11%, Safemoon up 11%. Anyone know what's pushing the memecoin action right now? I know Elon made a tweet yesterday but I find it difficult to believe that's where all the forward momentum is coming from with these coins. I'm not knocking it btw, if regular people are making money with memecoins then more power to them. I'm just genuinely curious why such big upticking for these coins while the rest of the market is only seeing a few percentage points up because I’m not really seeing anything in the news feeds on it. Congratulations to everyone holding these coins right now, hopefully you continue to see big numbers going up. + +Previous post was removed due to short character count. Trying again. +What do you think about Real Estate ETFs? I heard the real estate is somehow even stable during crisis. I am thinking about buying the Think Global Real Estate ETF. +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. +A few years back, I read [an article on the Mr. Money Mustache Site about how you can really unburden yourself and your budget if you find a way to eliminate the necessity of owning a car.](http://www.mrmoneymustache.com/2013/04/22/curing-your-clown-like-car-habit/) (hopefully all of you are already familiar with his website, which is outstanding) + + + + +I live in Los Angeles, and for the last year or so, I've lived within walking distance (< 5 min on foot) of my job and my gym, the two places where I spend the most time. +Less than a mile from my apartment, I have a Trader Joe's, Sprouts, Target, Ralph's, and anything else I might need. + +My car mostly sat in my parking garage, and I only used it when I would want to go to the beach, or when I was feeling lazy. + +As a result, I put barely 600 miles on it in 2017. + +A few months back, I got a notification from my insurance company that my renewal rate was about 40% more than what I was currently paying, and after speaking with them, learned that this was only because of the zip code where I live. I have never filed a claim, I have good credit, and haven't even gotten a ticket since 2007. + +Even with the mileage on my policy lowered to 2,500 (the lowest they'd allow), I was still on the hook for ~$2,300/yr just for insurance. + +My registration was due soon, and in conjunction with a Smog Check, was going to cost $400. + +I also was about to spend $1k on scheduled maintenance for the car, and would need new tires soon. + +Adding in oil changes and gas, **I calculated the car would end up costing me about $7 PER MILE DRIVEN, or $13 PER DAY** for 2018. + +I scheduled some appointments around town, did some research about what I should expect for my car (a lightly modified 2012 Subaru WRX with 46k/miles, in great condition), and ended up selling for $1,500 more than I had hoped. + +I set aside 2.5% of the money for some things I had been wanting to buy (new gym clothes/shoes, and a new coffee table), paid off a credit card, and put the rest in my Savings Account, where it will live for a little while as I research how best to proceed. + +I now have almost 12 months of Living Expenses in the account, and I feel really at peace with this decision. + +No more worries about parking tickets, or getting into a car accident, or someone breaking into my car (which has been happening more and more in my area), or paying for maintenance or repairs. + +I want to try to be car-free for at least two years, and I estimate I'll be able to save/invest at least $10k MORE during that time. +. +. +. + + +**UPDATE, Noon PST 4/17** + +I just wanted to come say thank you to all the people who took the time to respond, share their thoughts, and ask questions. +Also want to say hi to all the people who just wanted to yell at me and call me an elitist shitbag. +Y'all the real heroes. + +* **Yes, the Mr. Money Mustache articles can come off as brash or insensitive**, but there's really good advice in there, and years of content. The article I linked spoke to me, and set me on a path that helped me make a difficult financial decision. I did NOT write this post with the intention of judging any of you, and I apologize if it came across that way. I'm no better than anyone else, and people's individual circumstances certainly vary widely. I'm fortunate enough to live near where I work... but it didn't just happen by dumb luck. I few years back, I left a good job in Santa Monica (a 25-60 minute commute each way, depending on traffic) so I could work closer to my home. **I understand this is not always possible for everyone.** + +* **I'm walking an AVERAGE of 4,000 MORE steps per day** (14-16,000 before, 18-20,000 now), and I am exploring my city with a new perspective. Rather than driving/ubering to my go-to restaurants and watering holes, I'm trying local spots I've overlooked in the past. Haven't even used a ride-sharing service since selling my car. + +* **My motivation for this was purely financial.** As many have pointed out, a modified Subaru WRX is not a cheap car to own. The maintenance and insurance costs are higher than average. But I really did love driving it, and had intended to keep it until the wheels fell off, or the ringlands failed (much more likely to happen first, lol). I know plenty of people who are self-proclaimed environmentalists, and yet they hop in their car for every trip down the block. Even though my reasoning had nothing to do with my carbon footprint, it has shown me that most people are only environmentalists as long as they personally never have to sacrifice any convenience. + +* **Los Angeles streets are crowded enough**. And every single driver is looking at their phone while they're driving. I had been hit twice in my car by people who just weren't looking where they were going, and I'm glad I don't need to worry about that for the time being. That said, using crosswalks around here is like being in the Hunger Games. I always make sure I'm aware of what's going on in every direction, and on one occasion I had to jump onto a person's hood who braked too late for a red light while I was crossing, just like Hilary Swank in that scene in The Next Karate Kid. + +* I'll come back in a year or so and update how my car-free life is going. Thanks for reading. +Hi all, + +Posting for some advice here - this week I've been going through a really rough time... We have a newborn and a 2 year old. This year the perfect storm hit - wife pinched a nerve and couldn't get out of bed, 2 year old got a fever and was home. I've been cooking, cleaning, driving to doctor, and not sleeping...I feel like I'm going to fall asleep and am getting depressed/feel despair... + +I am technically fatfire, late 30s (had a successful startup) work for bit tech company with generous parental leave. But I want to go back to work... I have dreams of doing my own tech projects and maybe launching another startup one day. But those dreams seem gone, I have zero time to even think about that these days... + +I really like my 2 year old and prioritize spending time with him. I realized that maybe I should use money to help with the situation... + +Maybe pay for someone to come and do laundry, dishes, cook and freeze food, walk dogs, do groceries? Any tips on where to find someone and how often they should come? I will put the new kid in daycare after my wife's leave. + +I was on the fence about having a second (wife really wanted one) mainly because I didn't think I could balance career dreams... I feel like I need to adjust life expectations now. Any advice on how to do both? + + + +I created a DAF 2 years ago and have enjoyed donating so far...as well as the donor recognition. With that said, I'm interested to hear about cool, interesting donor recognition people have received from their philanthropic contributions (big and small). +Hi everyone. I’m 38 and able to fatFIRE if I want to. The problem is, I have no idea what I would do. I’m recently divorced (no kids). I’d like to retire although I mostly enjoy my job and the people I work with. My main concern is that I don’t know what I would retire to. Beyond traveling for a few months, what have people here done (especially single people) that makes life feel worth living? Right now I give a lot to my job: it takes six days a week and is very engrossing. I’m blessed that it’s made me wealthy (low 8 figures), but I feel bankrupt in the family-of-my-own / purpose department. + +One idea I have (hence my username) is moving to Puerto Rico to take advantage of the tax situation there, and start over. I currently live in Texas. But I’m still not sure what life would look like there, and I don’t want to make a big move without a vision. + +Very interested in the thoughts of this community and if anyone has found themselves in a similar position and how you resolved it. + +Thanks for reading. + +TL/DR: What do you do for meaning once retired, especially with no wife / kids? +The reputable crypto exchange Gemini has a program (Gemini Earn: [https://www.gemini.com/earn](https://www.gemini.com/earn) ) wherein users can loan out their crypto assets and earn interest for participating. Best I can understand, Gemini loans your assets through (to) a company called Genesis ([https://genesistrading.com/lending/](https://genesistrading.com/lending/)), who loans the crypto to exchanges who need it for liquidity or market making....or something. + +On upside, this is a way to make an extra \~3%/yr on bitcoin or ethereum. Interestingly, they offer 7.4%/yr for participating with a few stablecoins, meaning the value of the coins does not change and you make a "guaranteed" 7.4%/yr. + +The fine print states the the loan is not secured; borrowers post no collateral. So, if I participate, I understand that the coins I loan out may never be returned. This brings several questions to mind and I'd love to hear some thoughts: + +1) Is there any way to assess the level of risk here? How can we possibly determine if this is a good investment? With bonds, there is some calculable measure of risk via credit ratings, but this program seems 100% opaque beyond vague promises that borrowers are heavily vetted. + +2) Given that these loans are all aggregated and packaged on the Gemini side, to the point where we can withdraw our "loaned" assets at any time, How would Gemini distribute the losses if a borrower defaults on repayment? + +3) Other thoughts? +I try to stay on top of this, but I've lost track. Is there something other than the low oil price that is causing the recent drops? The Fed raised rates based in large part on the position that the economy is good and improving. + +Is this just a typical, but larger, correction? + +If this is just the oil issue, why is this causing such an uproar when it hasn't in the past? I know that many companies' financials rely on a high oil price, but many dont (or are the opposite). If this is a consumer price scare (because of the drop in oil), I thought that was usually priced in to the fear around dropping consumer prices? + +que pasa? + + + +I'm preparing to let out my house. The local council have contacted me about their rent guarantee scheme - which sounds a bit "too good to be true." + +* A family on housing benefit or universal credit moves in. +* They're vetted by the council +* They pay rent to the council. +* The council pays me every quarter, 3 months in advance. +* If the tenants stop paying rent then the council keep paying me +* If there's a void period while the council are trying to find tenants, then they keep paying me +* The council take care of eviction proceedings etc if it comes to it + +The only downside I can see is that they offer about 5% less than market rent. But I reckon that's made up for by them covering any void periods. + +Apparently councils are exempt from the 5 week cap on deposits - so they have an 8 week deposit if the tenants damage anything. + +I've spoken to my insurer and BTL mortgage provider. They have no problems with people on benefits. I rent out a few other properties - so I think I know what I'm doing - but this is my first time with this sort of council scheme. A bit of me worries I'm being sentimental because I was on benefits when I was younger and the lack of council housing in my hometown made things really really difficult. + +Anyone got experience with this sort of thing? +I am curious to know if guys know of any calculators for owning vs renting in Australia. + +I have been looking to purchase a house to live in but after seeing the purchase history of some of the houses we have liked, it begs the question if renting might be the better choice financially long term. + +As an example a house was for sale for 470k in Cornubia ,Logan (south of Brisbane). The owner bought it for 410k ten years ago, leaving her with 60k profit! + +That is 14.63% for the 10 years. +Annualised that is 1.33% per year. + +That is not taking in consideration rates, insurance, repairs, improvements, Real Estate agent selling fees and interest. If these other expenses are actually calculated we could only assume that after inflation it would be a border line negative return, if not outright negative. + +I have seen this with a lot of the houses that I have checked their selling history and their current selling price. Just recently here, I saw a formula that helps calculates how much annual growth the property needs to keep up with interest and inflation, could some share it with me please. + +I think so many people that own ( called their home an investment) would be shocked to know how crappy their house performance is once they calculate for real returns. +I keep seeing people here claim "as long as there are people saying DCA and buy the dip, we're not at the bottom yet." I believe the difference is the role of the internet and social media. Even in 2008, when the market crashed, there was not this prevalence of online investing communities. Pro investors held the course while retail investors panicked. Now, we have each other - posting articles and data about time in the market, and how recoveries always happen, encouraging each other to keep an eye on long term plans and not to panic sell. + +I don't claim to know how much further we go down, but I do believe that even if we continue to drop 10, 20, even 50% or more, there will be people here saying buy the dip. +[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/) +There is a lot of new people entering Bitcoin. If you are new here you don't understand what Bitcoin is. The most important part is to understand what bitcoin is, and what gives its value. Here is a bullet list of things to grasp. + +***I'm not writing this for an argumentation or your opinion, i'm doing this to help you understand better and AVOID BIG MISTAKES, if you get "offended" take it elsewhere. I have seen many making the same mistakes over the years. Real bitcoiners/hodlers are really hard on certain points like shitcoins. This is not to be mean or trash the "idea" behind the coin, but to warn you that you will likely lose all the money.*** + +**This is what you need to do and understand to survive well** + +**Bitcoin** + +1. Bitcoin is not an investment. You cannot think of it as gold or a stock. Instead think about it as an adoption curve for a new technology, like the radio or TV. But this is the adoption of a new currency or more accurate a store of value. Nothing we have ever seen before. Hence it is not an investment it is something you use to save wealth. See the price as the adoption curve. Maybe hyperinflation kicks in and all your fiats are worth nothing. Btc is the only fixed thing we got. Hence, its the standard to compare against. Therefore its not an investment. If you say it is you do not understand my point. +2. You are still early. +3. Bitcoin will be "stable" when adoption happends. The volatility is not an issue. Your time preference is. See 25. +4. Do not sell bitcoin to "take profit". Do not have weak hands. Enter bitcoin with the mindset that this is your savings. You sell when you need to buy something in fiats. +5. **HODL** +6. Do not FOMO. Bitcoin will keep going up, within a year it might be above 300k USD. In 10 years it might be 10 million. But it will not be zero. If bitcoin goes to zero we have much more primal issues to deal with. +7. Therefore with this knowledge DCA, buy bitcoin every month, spare some to buy during dips. +8. In doubt zoom out on the chart +9. You need to watch Bitcoin in logscale on charts. +10. Everyone buys in at bitcoin in the price they deserve, it's human nature. +11. You can try help other get into bitcoin but you will mostly fail. +12. Don't tell everyone that you own bitcoin. +13. Use tor, VPN etc when using btc. +14. Don't fall for the phishing attempts. No one legit will ask you to enter the seed or pins. +15. Bullrun did just start +16. In a bullrun bitcoin does a bunch of 30-40% dips, it can last a few hours to weeks. +17. When bitcoin goes up it goes up fast. +18. If we do not enter hyperbitcoinization were mass adoption happends, we will probably hit around 300k USD +- 100k in this bull run. This is simply because of the inbuilt properties of bitcoin. Then we might have another 80% pull back. But this time more big players are in, that doesn't have weak hands. Hence do not count on a 80% pull back. +19. DO NOT TRADE BITCOIN, you will lose money +20. DO NOT BUY OR TRADE SHITCOINS, you will lose money +21. EVERYTHING ELSE than BITCOIN is a shitcoin. +22. Bitcoin have no real competitor. +23. Governments wont ban bitcoin +24. One very important part of bitcoin is that its founder(s) is unknown and it needs to remain that way. Otherwise decentralization will not really work. +25. Only invest what you are **NOT** willing to lose. +30% of all USD was created in the last 10 months. Inflation is high and it will be higher. Somewhere the prices need to adjust the new money base. Even gold lost +90% of its value the last 100 year. +26. Always store Bitcoin in cold wallets. You control the keys. +27. Never enter the seed phase into a computer. +28. Assume your computer is compromised. +29. When sending, double check all the data. +30. When sending a lot, first send a little amount to check it works. +31. The entire blockchain is broadcasted with satellites. +32. Order btc wallets etc to another adress than you live at If you can. +33. Bitcoin have no upside because fiats have no bottom limit. +34. Best time to buy bitcoin is now. + + **Bigger picture** + +1. Most of what you learned in school is not accurate. They taught you that deflation is bad, that when something gets cheaper people will stop buy it. What a lie! No one here have experienced real capitalism. Issues blamed on capitalism is often originated from governments. Capitalism needs a free market of capital to work, which we haven't had for over 100 years. +2. People talk about bitcoin scaling issues, increase block size etc. Thinking 5 min transaction is taking to long. They fail to understand that you should not compare it to VISA. But with golds properties. You can move 100M USD in Bitcoin for 5 USD and it takes 10 min, this is madness. In any other goods it takes 2-20% to move capital and a long time. Moving 100M USD in gold. That will probably cost +100K USD and take 30 days. Selling a house? Taxes, the house could be for sale for years. +3. Hardest money always win in a free market. +4. Bitcoin was created to separate the state and money. And to create the money with most scarcity. Making it the hardest money. This is a profound idea never used in the modern world. +5. To really understand bitcoin you need knowledge about Austrian economics, psychology and history. +6. Hard money like Bitcoin affects its surroundings, it set the tone for society. It creates a low time preference world, **which in history have more peace, inventions and development for humans. Because everything have to be paid its real price and therefore must be PRODUCTIVE.** War is pricey. If you are out of money you cannot keep the war going, but today they print money (aka taking your money) to keep it going. Or say social programs: Everything the government does is ineffective by nature. Running a deficit because of a non productive health care system is done today, many countries does it. But it doesn't work under a hard money system with real capitalism, because **it has to be effective and produce real value to humans.** Running a deficit with hard money and no monetary policies means increased taxation. If the government taxed you the real cost for their spendings you would not have much left. That is why we have fiats that the central bank can expand, so the real cost doesn show as easily. The median salary haven't moved for 20 years but the median home have doubled in price, health care and education have gone up 200%. Thats where they took your money. The first covid subsidy you got in america, they took 18600 USD from you and gave you 1200 USD back. Since ww1 (mostly 1971) we have lived in a high time preference world that works like this. Understand inflation and the effect of low and high time preference has in society is important Bitcoin changes this aspect to low time preference. +7. Inflation is not price increase, it is expansion of the money supply. Price increase is a symptom of the disease. +8. CPI is not accurate measure for inflation. Asset and monetary inflation is better. +9. Government creates monopolies, not free markets. +10. Deflation is good. Things get cheaper and better. +11. Learn about the Cantillion effect. +12. [https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/) +13. You have not experienced bitcoin until you have went through an entire bull and bear market. +14. Go down the Bitcoin rabbit hole +15. Modern Monetary Theory, keynesianism, monetarism is all wrong, they all come to different conclusions but all ends with monoplies, deficit, no free capital market and Inflation. +16. Do not touch shitcoins. + +&#x200B; + +**Some good books to read** + +The Bitcoin Standard by Saifedean Ammous + +When Money Dies By A Fergusson + +Road to serfdom By Hayek + +BItcoin hard money you cant f\*ck with by Jason Williams + +The Sovereign individual by William Rees Mogg + +**Some good podcasts** + +The What is Money Show by Robert Breedlove + +The ALSLAX podcast + +The Bitcoin standard podcast + +The Pomp Podcast + +The investor's podcast network + +What bitcoin did podcast. +I have been lurking this subreddit for some time, but have not (and still don't) feel like I am knowledgeable enough or experienced enough to really contribute yet. I do, however, hold this subreddit in higher respect than similar ones such as /r/personalfinance and have been given great advice on the few topics that I've posted here. And now, I could really use some advice from the good people here. + +Anyways, I am about to sign the HPSP scholarship for medical school, which comes with a $20,000 signing bonus. I would like to put at least $10,000 of this into investments (I am leaning towards index funds since I am brand new to investing but am open to be persuaded otherwise). I am also interested in opening some sort of account to begin saving towards retirement. For this, I am leaning towards either a traditional IRA or a Roth IRA but am not sure what would be best in my situation. + +For background, I am 22 years old with a current savings of about 5k. I also inherited a small sum from my grandfather which has been in a managed fund since receiving it and is at 22k currently. My expenses are low, but I am going to medical school soon so I won't be able to have a job and will be living off of the $2200 monthly stipend from the scholarship. Any advice is greatly appreciated. +As far as I have seen it always seem like the richest guys are actually investors and not traders. I have seen traders earn in millions but I see more investors in that league, especially when it comes to billions. +So my dad bought a timeshare either before I was born or mid 1990s. It got yearly use at first but as we grew up it's become a big financial burden for him. + +He has been attempting to get rid of it for a long time but it seems to result in more trouble. So hes just been paying it for 20+ years. + +Recently hes been trying again to get rid of it again as he gets closer to retirement and has realised he cant afford to keep paying for it with no retirement savings. + +For example, last year he went to visit some timeshare specialist "lawyers" in Southampton. They pressured him into a 1k payment up front for the consultation. I checked out the company and its reviews and many others had been pressured into making multiple payments to retain these so called professionals with 0 results. + +Today, he told me some Spanish lawyer firm have contacted him to help him with the timeshare on a no win no fee basis. Sounds bloody dodgy again lol. + +He has been threatened that the contract passes over to me or my siblings once he dies which is why I think hes suddenly ramped up efforts to get rid of it before that happens. I have assured him they cant do that unless we accept it from his estate, which we dont do. + +So my question is, is there any legit way to get out of a timeshare or is he wasting his time? +It seems like selling it or giving it back to the timeshare company if they accept is the only possible route? Not sure who else would buy a timeshare these days.. +[https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html](https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html) + + "We're operating within a labor- and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces," said Jeremy Wacksman, Zillow's chief operating officer, in a statement. +I am currently living with my parents whom I pay a rent to. + +The rent is about £300 a month. I'm looking at £80k-£90k properties which would mean £300 or so per month to a bank if I were to mortgage as well. + +Should I buy a property right now or should I wait? + +The way I see it, my options are: + +1. Save up. + +2. Buy a house and live in it. + +3. Buy a house and let it out until I get kicked out of my parents house. + +Which options would make the most sense? + +My main concern with option #1 is I can't buy a house for the same amount of money 6 years later. + +My main concern with option #2 is that it may cost a lot in terms of property maintenance. + +My main concern with option #3 is that the rental income may not cover property maintenance costs. I don't really care whether the rental income covers the mortgage or not though. +I know thats easier said than done but you guys really need to relax for a bit. When im reading the daily some of you seem really stressed out and i think you should take your mind off crypto for a bit. + +Youre mental health is important and if youre getting stressed out because of "red days" "dips" etc you might have invested more than youre comfortable with and should consider taking out some of that money to alleviate some of that stress. + +It just hurts to see how it negatively impacts some (most) of you.. +Hi all, +I'm hoping to start investing soon, and have been reading a lot... + + +One thing I've come across a few times and still haven't completely convinced myself about is rebalancing (I take it this somewhat common). On the face of it, it seems weird to sell your well-performing investments to buy poorly performing investments, but I also get that this isn't how it should be looked at, but rather as ensuring that you always buy low and sell high. I bounce back and forth between thinking I understand this, and thinking I don't... + + +Does anyone have a handy-dandy article/graph that shows the effects of rebalancing vs not rebalancing over the long term (ie. through multiple market cycles), or the effects of rebalancing at quicker vs slower intervals. +Hey all, I've started reading a little more on personal finance over the last few months, as I'm nearing the end of my university degree and will be going into full-time work this April. I'm based in Germany and will likely get a permanent resident visa within the next two years, and I'm assuming citizenship should be on the books as well as I don't see myself leaving within the next five years (of course everything could still change though). + +That said, I'm also not sure if I see myself spending the rest of my life here, which makes the usual suspects for "parking" my money a little less clear. As far as I know, you'd usually go for the equivalent of a Roth IRA (Betriebliche Altersvorsorge) and start saving up that way. I'll graduate with roughly 8k on the bank in liquid assets, which is money I plan on leaving there as a safety net, and I don't see my lifestyle changing too much from now to April, though my take-home salary is gonna double from what it is now, meaning I'll have at the very least (I'm counting on the low end here to be sure) some 300-500€ a month to invest...... anywhere. I've taken a look at funds managed by bots in services like growney, Quirion and Oskar and they don't seem like bad ideas at all, but I'm interested in hearing what you guys think and what advice you have for someone in my shoes. +Hey all, I've started reading a little more on personal finance over the last few months, as I'm nearing the end of my university degree and will be going into full-time work this April. I'm based in Germany and will likely get a permanent resident visa within the next two years, and I'm assuming citizenship should be on the books as well as I don't see myself leaving within the next five years (of course everything could still change though). + +That said, I'm also not sure if I see myself spending the rest of my life here, which makes the usual suspects for "parking" my money a little less clear. As far as I know, you'd usually go for the equivalent of a Roth IRA (Betriebliche Altersvorsorge) and start saving up that way. I'll graduate with roughly 8k on the bank in liquid assets, which is money I plan on leaving there as a safety net, and I don't see my lifestyle changing too much from now to April, though my take-home salary is gonna double from what it is now, meaning I'll have at the very least (I'm counting on the low end here to be sure) some 300-500€ a month to invest...... anywhere. I've taken a look at funds managed by bots in services like growney, Quirion and Oskar and they don't seem like bad ideas at all, but I'm interested in hearing what you guys think and what advice you have for someone in my shoes. +Hi there, I am looking for a personal finance software to keep track of wealth, bank accounts (auto sync), investments and real estate in multi-currency. Is there any recommendations? + +I was a Banktivity user, but their new subscription model is a pain and I have had many issues connecting to my banks in Europe. I heard Quicken could work but not sure if ii is a solution. + +Thanks! +I'm looking for some ideas on EU stocks to invest in. I already have a core portfolio of 450k shared between world ETFs (with 20% bond quota) and a bunch of tech US shares and a oil company. + +I have EUR 150k cash to invest and I would like to do it in shares if individual companies, possibly denominated in Euros. + +Any suggestions? + +Thanks in advance! +I don’t have a lot of money to invest currently, yet I want to buy some cheaper stocks for long term investment right now and I can’t decide between these three. At first I was all for Interactive Brokers, fractional shares would be awesome and I heard it’s also the most advanced one, yet I IBKR Lite is for US only and I really don’t want either can afford to pay +10$ every month in just fees alone, not mentioning commissions. +I honestly don’t know much about Degiro and Lynx. + +Can you please share your experience with any of these three brokers? Also if you could recommend me some for x reason? +Thank you + +E: I also don’t have 2k$ to deposit to IBKR so I can see live prices. +E2: What about Yahoo Finance? +Hi! + +I have recently decided to start investing regularly in broad market, accumulating ETFs for the long term. So I created a new account in my local bank and another one in Interactive Brokers, with the intention of investing in the following ETFs: + +[iShares Core MSCI World UCITS ETF](https://www.justetf.com/servlet/download?isin=IE00B4L5Y983&documentType=MR&country=DE&lang=en) + +[Vanguard FTSE All-World UCITS ETF](https://www.justetf.com/servlet/download?isin=IE00BK5BQT80&documentType=MR&country=DE&lang=en) + +I will use my local bank to invest in the iShares ETF (as they do not have any others available) and Interactive Brokers to invest in the Vanguard ETF (which I prefer because it covers the entire world, avoiding the need for maintaning several ETFs and rebalancing, and because I like the philosophy behind the company). I will start investing exclusively with Interactive Brokers because it is significantly cheaper than doing so via my local bank and at some point in the future I will diversify with my local bank. Before doing my first actual purchase, two questions come to my mind: + +* The base currency of both ETFs is USD. Should I worry about it not being EUR or is currency risk not a concern over the long term? Would a EUR alternative be better? From my research, a lot of people seem to be using the USD ETFs. +* The only way I have been able to find the Vanguard ETF in Interactive Brokers is by using the exchange ticker in their search. There are three of them: VWRP in GBP (London Stock Exchange), VWRA in USD (London Stock Exchange) and VWCE in EUR (Deutsche Börse). Apart from the convenience of being able to buy VWCE directly in EUR, is there any reason one should be preferred over the other? + +Any help on this would be very much appreciated. Thank you in advance! +Hello fellow europeans, + +I'll make this quick. + +* I worked for 2 years in **country A** (paid lot into 'social insurance') +* then got a job in **country B**, where I'm currently employed - it's been almost 4 years - also paid into social insurance +* I got offer from another **country C** which is company I'm very interested in. I'm starting to worry about my pension contributions made in **A** and **B**. +* This might happen again ... +* And then there's my home country *where I haven't worked a day* but still have permanent residency as most countries only give residency after 5+ years ... + + +Any ideas how to make those 2 and 3 years count? I would love something like EU-wide 401K. Currently it seems that those money are gone forever as no country will pay pensions after 2 years ... Thanks! +Hello. + +I work and live in Luxemburg. + +I called my bank and they would only accept a mortgage loan if the property is in Luxembourg or within 50k of the border. i don't know if you are aware but the real estate in Luxembourg is all over the place.. you need 4 generation to be able to acquire something. + +has anyone ever done a loan in your country of residence to acquire something in your country of birth? +Hello, + +I'm a student from Czech Republic and I've decided that I want to start investing monthly into ETFs. + +I've chosen Degiro as my broker because of the zero commission for buying ETFs montly. Since I'm living in Czech Republic and there is a 15% tax on dividend gains, the accumulating ETFs make most sense for me. + +I've narrowed the ETFs down to two options: + +**Amundi S&P 500** (LU1681048804) - Synthetic (Unfunded swap), 0.15% TER + +**iShares Core MSCI World** (IE00B4L5Y983) - Physical (Optimized sampling), 0.20% TER + +I'm not sure which one to choose. S&P500 had historically better returns and has lower TER, but past performance is not indicative of future returns, it is less diversified and it is an unfunded swap, which I have read carries a little bit more risk. On the other MSCI World has historically a bit worse performance and higher TER, but it is more diversified and physical ETF. + +I'll appreciate your opinions on these ETFs or any other recommendations you have. Thank you. +Currently i have rabobank and ing and i was told they will close my accounts once i leave the country. + +I have found some mixed info on ING. Some people say they keep accounts open but I need a bank that wont unexpectedly close my account when I am out of the country. + +I have a dutch passport but when I retire I will move to Pakistan. + +Are there any good banks that would let me keep my money in euro or pounds as an offshore customer? And they are preferrably not very expensive. + +I dont trust the banks in pakistan due to corruption and hyperinflation. +My grandmother passed away in January aged 95. My mum just called me to say she’s sold the house and after paying off all debts, wants to give me and my sister £10,000 each out of her share. + +10k might not sound like a lot but I’ve never saved up more than a thousand or two and I just finally paid off a credit card last year that was draining my finances a bit. + +I live in Spain so I’d have about 11,500 in euros. I’m 29 with a long term partner and due to have first baby in...6 weeks! + +I might not get another windfall like this for a long time. I want to use it wisely. What should I do with the money? +I don’t have a lot of money to invest currently, yet I want to buy some cheaper stocks for long term investment right now and I can’t decide between these three. At first I was all for Interactive Brokers, fractional shares would be awesome and I heard it’s also the most advanced one, yet I IBKR Lite is for US only and I really don’t want either can afford to pay +10$ every month in just fees alone, not mentioning commissions. +I honestly don’t know much about Degiro and Lynx. + +Can you please share your experience with any of these three brokers? Also if you could recommend me some for x reason? +Thank you + +E: I also don’t have 2k$ to deposit to IBKR so I can see live prices. +E2: What about Yahoo Finance? +\*\*\* + +tl;dr: Unlike TSLA and META, GME made no excuses about its necessary layoffs. As can be surmised in their April 2022 financial statements, these layoffs can be traced back to the administrative cost which is the only contributor to the net loss of the company, because the selling side is actually profitable. Cutting of a portion of this administrative cost and reinvesting it to the selling side of the business is very likely the last key for Gamestop to finally see its first net profit in years. + +[SEC Filing | Gamestop Corp. 1st Quarter 2022 Report](https://gamestop.gcs-web.com/node/19781/html) + +\*\*\* + +Let's first look at what Larry Cheng's thoughts are on corporate cash management since this is what I think Gamestop's move is about: + +https://preview.redd.it/21lx5rh1kaa91.png?width=725&format=png&auto=webp&s=1b76177c22ebba566fedeb5f15f9d1d2de79b210 + +Moving onto this move that reports are saying to be the reason for the afterhours movement, I'm not really very much affected by it, since even more successful companies like Meta and Tesla are also on its way to making layoffs: + +[No significant downward pressure on Meta's price after announcement of layoffs](https://preview.redd.it/c3lqgtai59a91.png?width=1461&format=png&auto=webp&s=877a96c4095a803ab03ba39d0d3a91b74dfc5338) + +[Mark Zuckerberg warns staff Facebook will be ‘turning up the heat’ to weed out underperformers: ‘You might decide this place isn’t for you, and that’s OK with me’](https://finance.yahoo.com/news/mark-zuckerberg-warns-staff-facebook-120626064.html) + +&#x200B; + +[There was no drastic lowering of price after Tesla announces layoffs and salary cuts](https://preview.redd.it/f48g15so49a91.png?width=1445&format=png&auto=webp&s=79fac9d1cb47257cc1f372d944339083d7976483) + +[Tesla (TSLA) Job Cuts Will Lead to 3.5% Headcount Reduction, Elon Musk Says - Bloomberg](https://www.bloomberg.com/news/articles/2022-06-21/tesla-job-cuts-will-lead-to-3-5-headcount-reduction-musk-says) + +The only interesting part is that unlike Meta and Tesla, Gamestop held no hesitation about making its layoffs, no gentle PR excuses, just pure ruthless business. I honestly feel for the corporate employees who were let gone, after all, I myself have been here and it really hurts, I just hope they get enough severance package to weather the storm. + +Moving back to the C-suite level side of things, doing layoffs is no doubt a tough decision, and doing it just after you went on a hiring spree is an admission of a mistake. + +So no doubt, if your company is constantly under attack from (1) the operational side of things coming from supply chain issues, (2) but also from a financial side due to rising inflation, and (3) from the capital markets due to short sellers and media hit pieces, the people making this kind of decision has to have a very strong mind that can withstand gritting one's teeth when making this decision, because no doubt, the only option would be: + +* to threaten or hamper the growth of the company by keeping many corporate employees while neglecting the storefront employees, thereby, bleeding cash on redundant positions while neglecting the storefront employees, who are ultimately the revenue generating side of the business, or... +* to make the tough decision of laying off corporate employees, reallocate the budget to the storefront, and prolong the life of the funds raised last year + +Most of the time, when layoffs happen, they are taken as a bad sign for the company because it is seen as a heartless measure, and therefore financially desperate. This is how the news made it seem and made it a way to justify the afterhours actions. But the question is, is Gamestop really financially desperate? The answer can simply be found by looking at their most recent financial statement from April 2022: + +&#x200B; + +[Gamestop has a Cash to Long-term Liability ratio of 28.99 meaning, if management wants to, it can get rid of Gamestop's long-term debts, very much easily, and it is safe to say that it is not a debt-ridden company.](https://preview.redd.it/rcqw63ky89a91.png?width=849&format=png&auto=webp&s=8e795d115ce92e9fbed3325811fc65aa706f50d9) + +However, things may be a bit alarming if we check the cash losses from operations: + +[Assuming operational cash losses continue, meaning no layoffs and sales improvement happen, Gamestop can keep losing money for another 44 weeks. This is calculated by Cash and Cash Equivalent 1035.0 ÷ Net Cash Outflow 303.9 = 3.4 × 13 weeks of cash outflow per report = 44.27 weeks of surviving constant negative operational cash outflow.](https://preview.redd.it/tcgntwnva9a91.png?width=730&format=png&auto=webp&s=570d0d016975c97a7d13020885ece1084afdab02) + +But how much of this $303.9 million could be coming from redundant positions? Let's take a look at their statement of operations: + +[Gamestop's Operating Loss of $157.9M, just about 34&#37; of the total Selling, General, and Administrative Expense](https://preview.redd.it/ec3kc1xac9a91.png?width=546&format=png&auto=webp&s=15c8db3bbaef36f4bf26b011b4267380908d4374) + +As you can see, if management can simply reduce the Selling, General, and Administrative Expense by about 1/3, Gamestop can already achieve break-even every 13-weeks, and most likely, if that 1/3 or so of that expense is reallocated to revenue-generating components of the business, which is exactly what CEO Matt Furlong said when he said that investments will be made on the storefront, then Gamestop will finally see its first Net Profit in years. + +As you can see by the numbers, this is not about desperation, it is just simple calculus meant to turn around the business by focusing on one component of the financial statements. Administrative salaries and utility bills are a fixed cost, meaning you can project these things ahead of time by simple multiplication, and a proactive CFO would have seen this coming a mile away and warn management about it. + +Now, read this part again of the letter and I dare anyone to tell me that this move doesn't make any sense. + +1. *After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs. This has positioned us to right-size headcount across several corporate departments. Today, we're making a number of reductions to help us keep things simple and operate nimbly with the right talent in place.* +2. *We're going to be making a significant investment in our Store Leaders and field employees, who play a critical role fulfilling the needs of our customers. These individuals are, in many respects, the heart of GameStop. We'll be sharing details regarding this investment in the coming weeks.* +3. *Mike Recupero, who has served as our Chief Financial Officer since last June, is departing. Diana Jajeh, who has been our Chief Accounting Officer and possesses strong institutional knowledge of the business, has been appointed Chief Financial Officer.* + + +Disclaimer: Before I start, I want to be very clear. Just because this is my belief as to why the SEC and Justice Department haven't moved on said parties obviously illegal activities, DOES NOT MEAN I CONDONE THEM FOR DOING IT THIS WAY, IN FACT I CONDEMN IT STRONGLY!!! + +Now let's begin. We'll start off with the SEC's own wording as to what their objectives are. + +SAUCE: [SEC.gov | What We Do](https://www.sec.gov/about/what-we-do) + +The point we're interested in is protecting investors. + +BuT ShOULdn't tHEy aRrEST pEOple foR bREAking THE law? 100% but I'm getting to that. Be patient. + +Let's discuss the fall of Madoff first and how it's similar to SBF's fall and IMHO, it'll explain the logic for not arresting them yet, even though it's completely backwards logic. + +Regarding Madoff, he ran a massive Ponzi scheme that because he was so closely tied to the SEC (even wrote laws for them) they should've known what was going on, but never acted on it as things seemed to be going Madoff's way. Then the housing market imploded, and Madoff was arrested December 11th 2008 after he ran out of money due to the markets being on fire and openly admitting that he committed massive amounts of fraud and immediately plead guilty. + +Regarding, SBF, he ran a massive Ponzi scheme that because he was so closely tied to the federal government (even testified on making laws to regulate crypto) they should've known what was going on but didn't act on it because everything was going SBF's way. Then crypto winter came and SBF was arrested after FTX declared bankruptcy due to crypto markets being on fire and openly admitting that he committed massive amounts of fraud and immediately plead guilty. + +So they're almost copy paste of each other. What does that mean? + +So you know that whole thing that the SEC is supposed to protect investors? Well why didn't the SEC arrest Madoff in 06 and SBF in 2021? Because the former would've probably caused the 08 recession to become the 06 recession and the latter would've caused crypto winter to come a year earlier when the overall markets were much weaker. From a certain point of view, the SECs actions while saving investors who had money with Madoff and SBF could've ruined the markets for the country as a whole (FTX fallout hasn't fully happened yet but it's heavily implied that it'll be as bad) + +The logic of the DOJ and the SEC might be to protect as many investors as possible, even if some get screwed. + +So how come Ken Griffin, Doug Cifu, and countless others been arrested yet? To put it simply, they haven't run out of money yet. + +If it hasn't been made clear yet, I STRONGLY CONDEMN THIS BEHAVIOUR FROM OUR GOVERNMENTS. It's like not arresting a robber because he only robs accounts linked to bank accounts of countries that aren't allies of the United States. + + As the saying goes, we can stay stupid far longer than they can stay solvent. + +&#x200B; + +GO DRS +Hey guys, with the shelter in place order I've had some time to learn programming, and have decided to build a trading algorithm. + +I have found there is a lack of free high-resolution price data, so for my first 'real' project, I built a program that scrapes live price data from Yahoo. + +The program is written in Python and uses pandas, yahoo\_fin, and apscheduler to scrape the price (and other variables) of an asset every X seconds and then after Y iterations, it saves it to a csv. + +Feel free to use the program! I just want some feedback and suggestions in return! + +Code: + +`import pandas as pd` + +`import io, csv` + +`from io import StringIO` + +`from yahoo_fin import stock_info as si` + +`from apscheduler.schedulers.blocking import BlockingScheduler` + +`from datetime import datetime` + +&#x200B; + +`count = 0` + +&#x200B; + +`d1 = {'Time':[], 'Price':[],'Bid':[],'Ask':[],'Volume':[]}` + +`df1 = pd.DataFrame(data=d1)` + +&#x200B; + +`def GetData():` + +`global count, df1` + +`d2={'Time':[`[`datetime.now`](https://datetime.now)`().strftime('%H:%M:%S')],'Price':[si.get_live_price('SPY')],'Bid':[si.get_quote_table('SPY')['Ask']],'Ask': [si.get_quote_table('SPY')['Bid']],'Volume':[si.get_quote_table('SPY')['Volume']]}` + +`df2 = pd.DataFrame(data=d2)` + +`frames =[df1,df2]` + +`df1 = pd.concat(frames)` + +`count = count + 1` + +`print(df1)` + +`print(count)` + +`if count == Y:` + +`title = 'SPY_'+`[`datetime.now`](https://datetime.now)`().strftime('%Y-%m-%d')` + +`filename = title+'.csv'` + +`path = 'Input path to where you want to save the csv here'` + +`df1.to_csv(path+filename)` + +`sched.remove_job('job1')` + +&#x200B; + +`sched = BlockingScheduler(max_instances=2)` + +`sched.add_job(GetData,'interval', seconds=X, id='job1')` + +`sched.start()` + +Hope you find this useful! + +Edit: Reddit messed up the indentation here is a photo of the correct format. + +https://preview.redd.it/tuwdpkw7dns41.png?width=753&format=png&auto=webp&s=dba1fd7fe800533a30a57764a5938d7633f4057b + + +I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point. + +I have been looking for brokers with APIs but I could not find any that match my criteria yet. + +* Ideally, I would like the broker to have low to zero fees +* has Official API +* has Demo account +* Can be used in Europe + +I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule. + +Interactive brokers do not offer free trades outside US + +I also came across trading 212 which has an unofficial python API that's using selenium. not ideal... + +as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market. + +Any recommendations? + + +I have been working on a trading bot recently and I would like to start testing it with a paper account and potentially real money at some point. + +I have been looking for brokers with APIs but I could not find any that match my criteria yet. + +* Ideally, I would like the broker to have low to zero fees +* has Official API +* has Demo account +* Can be used in Europe + +I found Alpaca but this is U.S Based and they only offer margin accounts that are subject to the PDT rule. + +Interactive brokers do not offer free trades outside US + +I also came across trading 212 which has an unofficial python API that's using selenium. not ideal... + +as a last resort I will apply my bot on binance on cryptos but ideally I would like to see it in the stock market. + +Any recommendations? +Following the trend over at [r/dataisbeautiful ](https://www.reddit.com/r/dataisbeautiful), I made a visualization of my average income and spending [here](https://m.imgur.com/a/oLlZT50) as I pursue financial independence. + +Basic info: VHCOL, work in tech, 26 years old, single, NW of 175k + +If you would like to make a Sankey diagram of your own, you can do so [here ](http://www.sankeymatic.com/build/). +My 60 year old technologically illiterate mother just asked me what cryptocurrencies to invest in. May God have mercy on us. + +Jokes aside, it's great to finally see crypto start to become more mainstream. In the long term this is good for everyone but as the old adage goes; when your grandmother asks you about bitcoin, buckle up and hold on to your knickers. +There has been, and still is, a lot of discussion about when the MOASS will start (or if it already started). Apes who remember the January sneeze probably recognize the nature of this runup, with the difference that in January there was much more volume and liquidity. And trading halts, both up and down. + +By DRS'ing so many shares, we have dried up the stonk. Shares are getting harder to borrow (which can be seen in the rising borrow rates), so it is harder for hedge funds to short it and counter buying pressure. Because that is just what this is: buying pressure. Shorts are not closing yet. This buying pressure has always been there — it was even mentioned in the SEC report about GameStop: shorts never closed, it was mostly buying pressure taking the GameStop stonk to all time highs. + +So, if buying pressure was always there, what is different this time? As mentioned, there is not much stonk left to short. They always countered buying pressure by shorting and redirecting your trades through dark pools. The redirecting still happens, but the shorting is a drop in the bucket these days. And there is almost no selling pressure. + +What happens next? As the stonk rises, more and more people are FOMO'ing in and the buying pressure increases. Unless and until hedge funds are closing their short positions, either voluntarily (if they are smart) or because they are margin called, the stonk will keep rising. + +So is this MOASS? Although technically I think we started MOASS by/since DRS'ing our first share, since ten days ago they are not able to counter the buying pressure anymore with shorting. As buying pressure increases and available shares to borrow decrease, the runup will get more violent. + +In the meantime, keep buying, DRS'ing, holding and shopping at GameStop. Be kind to other apes and enjoy the green. As soon as shorts start closing, we will see trading halts and new all time highs. Don't sell until you can dial the stock price and someone answers your call. Tell them hi from Superstonk. And do some good with your wealth. +Not because I want to spend my Bitcoin (I’m a Hodler) but just to spread awareness. I think you should all consider doing the same. No need for us to be private about it in most cases. Crypto and Bitcoin need to be household names for us to really see some serious price appreciation from here. + +If they do take Bitcoin, I’ll just pay and then immediately buy more. Sure, there will be a negligible amount in tax, but I can’t afford it. +I work for a bay area tech company that has great employee perks in every area except 401k (no matching, no mega back door, just traditional and Roth up to $18500 through Fidelity). + +I want to try to convince HR to enable after tax contributions to our traditional 401k accounts to allow me to do mega backdoor Roth and accelerate my own FIRE. + +Has anyone done this at their company? +Does doing this cost my company anything? +Why would a company choose not to provide this perk in their Fidelity plan? + +I'm trying to plan my pitch, so any info you can provide about why HR might be apprehensive would be appreciated. + +I iniated an RRSP transfer to Questrade ($86,000) post dip as I was paying someone to manage my RRSP even though I am now just funding my TFSA for the foreseeable future. My RRSP managed to sell the other week when my RRSP was basically where it was pre crash. I will buy and hold for minimum 20 years. I’m 34 and have dreams of retiring at 55 but my current db pension will only pay unreduced at at 60. + +I understand majority of the time lump sum wins but these times seem different. In my opinion which I’ve been wrong so far, I think when the government money runs out things will go south. So I was toying with the idea of lump sump a certain percentage now. Then maybe watch how things go in the next x months waiting for another possible dip. All while having a set date later this year at which any remaining cash in the fund would then be used up. I’m newish to buying my own etf’s and stocks and realized the last dip I was too greedy and thought I could time the market which I didn’t do a great job at. + +I know there is a withholding tax and to my understanding I would need to transfer my CAD to USD to avoid paying that. Although at what I have I’m not sure how much that will matter in the end. I was just planning on buying vgro:veqt/xgro:xeqt for the majority of the funds. As I’m still learning how to properly diversify myself when buying individual stocks. + +Side note: I started investing a year before the 08 crash and didn’t sell and didn’t sell during the last dip. I’ve just recently started moving accounts from the bank/FA to my Questrade account to pay less fees and ideally make more money. +I apologize if this is not helpful enough and too much of a brag post to warrant its own discussion but I figured I'd share anyway. + +&nbsp; + +Graduated in May of 2014 from a private engineering college with a B.S. in Computer and Systems Engineering and about $40,000 in mixed private and federal loans. I had a job lined up for after I graduated and started that June. + +&nbsp; + +Thanks to philosophy of r/personalfinance and Mr. Money Mustache, I made it my mission to pay down this debt as fast as possible. It became almost like a game, several times a month I would look at my Mint trends tab and see the debt balance graph getting lower and lower. It was exciting to me whenever I got more money than I expected for the month and put it right to my loans. My drive to get rid of my debt even got my girlfriend on board with this "debt blasting" attitude that we hope to continue for the long run. + +&nbsp; + +I started post-college as a Systems Engineer at $59k salary moving to about $62k and eventually raising to $71.2k a couple of months ago due to a promotion. I contributed 6% into a 401k set up by my work which matched 75% of that contribution. + +&nbsp; + +During that time I lived in two apartments (a year for each) with a roommate with my share of the rent being $575 a month and $375 a month. This helped contribute to a relatively low housing expense as a percentage of my take-home pay (about 1/6th). The second apartment ($375/month) was not in the best area but saving that extra 200 a month really helped put more toward my loans. Other than buying a nice TV after I graduated, any extra money I got including things like tax refunds, went directly to my loans. I was dumping about $1500-$2000 a month in them. Starting with the highest loan amount and interest rate. + +&nbsp; + +Another thing that helped contribute to lowering my expenses were that I was covered under my parents health insurance. They also payed for my portion of my cell phone and auto insurance (I would give them about 200 a month to cover some of the expenses). Safe to say they helped me out as well. + +&nbsp; + +Here is what my efforts boil down to that I am really proud of: http://imgur.com/CWPTt3I +(Those two months where the debt spiked was the result of me having to front money for my grad school program before my work would reimburse me). + +&nbsp; + +**Some random advice I have to save money and pay debt down faster (this might apply a little more for new college grads):** + +* **Avoid the debt to begin with.** (This only applies for people who have not incurred student debt yet) I was fortunate enough to live near a community college that had an excellent engineering program. I was able to attend for two years and earn an A.S. in Engineering Science all while incurring next to no debt. The program was well-known and accepted enough that I was able to transfer to my 4 year college with full Junior status. Doing this allowed me to avoid the private student loan debt for my first two years and get merit aid scholarships which helped put a dent into how much I would eventually owe. + +* **Live with a roommate wherever possible.** in as cheap a place that you can stand (for me it was a place that had electricity, heat, and quiet place to sleep, anything extra was a bonus). The costs associated with living by yourself greatly affect the amount you can put toward the loans. + +* **Do not buy a new / newer car.** It may be tempting to plunk down money for (or lease) a new car as an "I deserve it" reward for graduating, but that shouldn't be a priority when you have debt hanging over your head. There will be plenty of time for a nicer car sooner than you think. I found my car on craigslist ('06 Elantra), paid cash for it (~$4800) and have been driving it for 4 years. I personally would have continued to purchase used cars like the one I have going forward but I have another passion which is Tesla and I dropped $1k to reserve my Model 3 as an ultimate gift to myself for paying off my debt :). + +* **Credit Cards.** Take advantage of the benefits that credit cards have to offer, **if you use them the right way**. I used to think they were terrible things to have, but the extra cashback / miles are wonderful and the ability to separate your money from companies and entities you pay for goods and services is a great thing to have and has helped me in a number of occasions. Going back to what I said before about credit cards, you need to use them the right way. Never spend more in a statement period than you can pay off before it is due. For me, I never spend money just because. I usually have my set expenses for needs and then if I want to make a larger purchase, I always sit on it and think about it for a couple days before making the purchase. This naturally allows me to be responsible with a credit card and I think use it in a safe way. + +* **Live close to work and avoid buying individual meals.** Depending on the cost of living in your area, live as close to work as possible. Unless you are working in a major city or other area where rent is expensive, the savings on commute time add up to extra cash in your pocket and less frustration in dealing with traffic. Secondly, I got into the habit (though i'm guilty of not doing this on occasion) of preparing my breakfast and lunches for the work week on sundays and eating them throughout the week. The savings really add up when you don't have to purchase breakfast and lunch everyday. + +* **Take advantage of your advantages.** One last thing that I think applies differently to different people are the random advantages that happen to be available in your life. For me it was living within an hour of my parents (and girlfriend's parents) house and being able to see them a fairly frequently. This had several small advantages like free haircuts from Mom and being able to do laundry for free. I was also lucky enough to know that I could move back in with them if I ever lost my job or needed a decent amount of cash for an emergency. This allowed me to be a little fast and loose with my emergency fund (which was essentially nothing) and be more aggressive toward my loans. +Another big advantage I was lucky to have is related to the company I work for (other than free coffee haha). I was able to get a full tuition reimbursement to continue my education and get a Master's degree online while working. This helps further my career prospects and it doesn't add to my debt. Coupled with this is me getting the opportunity to go on work travel to several locations in the U.S. where I generally am paid more than normal and get per diem. I get to see different parts of the country for free and add more money to my savings all while doing a job that I enjoy :). + +Anyway, that is my "story" for now, i'd appreciate any feedback or any questions/clarifications you may have. Thanks for reading! + +**TL;DR: Paid off student debt as fast as I could, learned some things along the way.** +I currently have over 100 days of time in lieu which I have accrued over 6 months. I asked to be paid out but work have repeatedly told me there is no budget to pay out time in lieu and I should look to take off 2-3 days a week to reduce the total. If I have to take it I'd rather a bigger chunk to make it worth my time, rather than tiny amounts. + +Is there anything I can do to get this paid out? There are rumours that we might go into liquidation and I'd rather get the cold hard cash rather than potentially losing everything. +Below is the explanation, but if you prefer picture learning only: https://i.imgur.com/N8opFHb.jpg + +Sand, the most consumed natural resource on the planet besides water, is used to in virtually all construction & glass products, vaccine vials and as high-tech products like solar panels smart phone screens & silicon computer chips. The demand for high-purity silica sands is soaring. China alone has likely used more sand this decade than the United States did in the entire 20th Century & America’s surging fracking industry also needs the extra-durable high-purity grains. Looking ahead, industrialization, population growth and urbanization are all trends likely to fuel explosive growth in the demand for sand. + +https://web.archive.org/web/20210312052142/https://www.bbc.com/future/article/20191108-why-the-world-is-running-out-of-sand + +But what about the desert? The problem lies in the type of sand we are using. Desert sand is largely useless to us. The overwhelming bulk of the sand we harvest goes to make concrete, and for that purpose, desert sand grains are the wrong shape. Eroded by wind rather than water, they are too smooth and rounded to lock together to form stable concrete. The sand we need is the more angular stuff found in the beds, banks, and floodplains of rivers, as well as in lakes and on the seashore. The demand for that material is so intense that around the world, riverbeds and beaches are being stripped bare, and farmlands and forests torn up to get at the precious grains. + +https://web.archive.org/web/20210312221451/https://www.cnbc.com/2021/03/05/sand-shortage-the-world-is-running-out-of-a-crucial-commodity.html + +https://web.archive.org/web/20210312221552/https://www.dailymail.co.uk/sciencetech/article-9331099/The-world-running-sand-mean-shortage-glass-vials-Covid-vaccines.html + +PRICE OF SAND: https://fred.stlouisfed.org/series/WPS1321 + +In a growing number of countries, criminal gangs have moved in to the trade, spawning an often lethal black market in sand. Taiwanese coast guard commander Lin Chie-ming is on the frontline of a new type of warfare that China is waging against Taiwan. China’s weapon? Sand. Since June last year, Chinese dredgers have been swarming around the Matsu Islands, dropping anchor and scooping up vast amounts of sand from the ocean bed for construction projects in China. + +https://web.archive.org/web/20210312051803/https://graphics.reuters.com/TAIWAN-CHINA/SECURITY/jbyvrnzerve/ + +Wait, so the sand wars have officially begun? Yes. + +https://graphics.reuters.com/TAIWAN-CHINA/SECURITY/jbyvrnzerve/video/clip_02_v1.mp4 + +https://web.archive.org/web/20210301144406/https://graphics.reuters.com/TAIWAN-CHINA/SECURITY/jbyvrnzerve/video/clip_02_v1.mp4 + +translation: +*“Unknown sand ship, this is sector PP-3582. +You have trespassed the northern border. +Please leave the area or we will detain your vessel. +Please leave the area or we will detain your vessel.”* + + +Sand Tickers: $SLCA; $SND; $MLM; $MLMZF; $CX; $HCMLF (warning they were convicted of supporting terrorism / isis to secure sand); $CRHCF; $BXRDF + +Sand Memes: +https://media.giphy.com/media/XodW3Akj97s7nnNDeQ/giphy.gif + +https://media.giphy.com/media/4UrT9aQObY5tyvriJG/giphy.gif + +https://media.giphy.com/media/dxhoTtcDgAvN1ljZC2/giphy.gif + +https://media.giphy.com/media/Zv0qMaouDRhLP5pFcu/giphy.gif + +https://media.giphy.com/media/NvEamhFIlztQH9Ptmw/giphy.gif + +https://media.giphy.com/media/bF9P6GUxga8Tg61OnE/giphy.gif + +Sand Mafia is Real: + +https://www.nationalgeographic.com/environment/article/inside-india-sand-mining-mafia#:~:text=to%20the%20media.%E2%80%9D-,India.,Ganges%20River%20in%20Uttar%20Pradesh.&text=The%20lowly%20resource%20is%20little,down%20rivers%20from%20eroding%20mountaintops. + +https://www.abc.net.au/news/2020-01-11/illegal-sand-trade-india-mafia-murders-vince-beiser/11779570 + +https://www.wired.com/2015/03/illegal-sand-mining/ +All I see is memes, generic memes, meme stocks, apes, more apes, moon, AMC, WSB, whatever shitco is en vogue for the week. Some of it is funny, most of it is noise or downright annoying. + +Are all the mods dead or just taken hostage by an ape? Blink twice for yes. + +Because, apparently, textual post needs to have at least 560 characters, but a meme on how much you fucking love a bankrup company is fine for the 100th time, let me echo a section of the AutoMod message: +“Hello! In an effort to cut down spam and repetitive/short posting which has come as a result of increased publicity, we have temporarily imposed a minimum length of 560 characters on all posts. Due to the massive influx of new subscribers, please share only high quality, well thought posts which add value to our community” + +I find this ironic a bit. + +UPDATE: I found the recent article I was referring to for this post. It was for Uber. I thought it was about Lyft. But from the article it was making the point that their self driving car can’t make it a third of a mile without encountering a problem because of the complex route programming that needs to go into the AI to make the project work. + +https://www.theinformation.com/articles/infighting-busywork-missed-warnings-how-uber-wasted-2-5-billion-on-self-driving-cars + +There also a reddit discussion here + +https://www.reddit.com/r/SelfDrivingCars/comments/j1d0y8/infighting_busywork_missed_warnings_how_uber/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + + +Not too long ago there was a post on here about +a manager or key employee within Lyft or Waymo, at one of the self driving labs gave an expose on how the engineering teams are in conflict on how to program these cars to be sufficient enough to not crash. And after many tests already it’s being determined that self driving vehicles are nowhere near ready to scale given the complex programming constraints for a self driving car to take action in. + +I’ve been trying to find that article or reddit post +Convince me otherwise. + +EOS liquidated over 2M ether through Bitfinex over the last 6 months. + +Bitfinex has had consistently lower ETH/USD price than all other exchanges. + +Hmm is there any connection between EOS and Bitfinex?!?! + +ETH/BTC pair has been in a downtrend. EOS was probably selling ETH for BTC and then market selling BTC for more liquidity. + +Ask yourself, who has been the biggest seller in this bear market? Who markets themselves as the "Ethereum Killer" (even though their ico was on Ethereum) + +Who raised 4B in crypto and now has an empty EOS owner account? + +We all know that crypto/fiat pairs have 25x effect on the market buy or sell. Whose been cashing out that much eth? + +Is it a coincidence that now that the EOS owner address is empty the market recovers? + +Those EOS pieces of shit are all you need to look to to blame for the bear market. If you care about crypto at all you'll boycott EOS. They raised 4B dollars in Eth and they put out shit. Block.one already said they will not continue to develop eos. BPs are already forming cartels. It costs 14 dollars to create an account. + +Biggest scam and curse on crypto so far. + + +I think they may be trying to drown out this Asia Markets article about DRS. it's not perfect, but it's a start for the masses. + + + +https://www.asiamarkets.com/what-is-drs/ +So ETH spikes from around 1123 t0 1164 then immediately drops back down. I know it's not a glitch as it triggered my short at 1130. Is this big money trying to trigger stop loss positions and why does it drop back down so quick, that must be because shorts on the way up have been filled hence bringing the price crashing back down? + +&#x200B; + +I assume this is pure manipulation from bots or smart money trying to stop as many people out as they can to grab both long and then short positions. If so then there is no point in using a stop loss if it can be stopped out like this? + +&#x200B; + +Can somebody explain? + +&#x200B; + +[https://i.ibb.co/TYLq0k7/Screenshot-61.png](https://i.ibb.co/TYLq0k7/Screenshot-61.png) +Per title. The learning curve of trading is so steep, the thought of giving up enters my mind weekly. + +I have a lot of books (and am reading them). +I bookmarked tons of articles (and am reading them). +I screenshotted a huge amount of comments and tweets (and am reading them). + +And still, I don't feel like I know enough and have a gigantic amount of information to process and understand. It's overwhelming. + +How did or do you cope with this? +> Failure of the telecom entity to continue as a going concern will potentially hit several debt schemes holding roughly Rs 2,023 crore worth of Vodafone Idea debt. According to data, schemes of four asset management companies hold the paper. + +> Investors in select debt funds may have to sit up and take notice of recent apocalyptic commentary from the management of Vodafone Idea. In the wake of a Supreme Court order that has left the company facing thousands of crores in additional statutory dues, the Vodafone management described the status of its joint venture with Aditya Birla Group’s Idea Cellular as “critical”. Both entities have indicated that they won’t infuse any further equity into Vodafone Idea unless the government offers relief. + + + + +https://economictimes.indiatimes.com/wealth/personal-finance-news/vodafone-idea-problem-investors-in-these-debt-mutual-funds-may-be-hit-badly/articleshow/72083574.cms +I have no idea about the implications of this on my portfolio or otherwise but I understand there would be some effect + +https://www.businesstoday.in/latest/economy/story/rbi-forms-arrangement-in-settling-international-trade-payments-in-rupees-341112-2022-07-11 +Guys, any views about the HDFC AMC IPO? Will it be worth investing in it? The buzz is that it should do pretty well, and not without reason. HDFC AMC has been one of the best performing mutual fund houses. What do you guys think of it? +I figure I already save about 50% of my income, and this would make it longer for me to retire all together, but maybe I don’t need to retire in my 30s if I can enjoy my 20s a little more I’m fine with pushing it back to late 30s early 40s. + +Does anyone have experience with this? +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! +Thanks to everyone who petitioned to have my ban lifted. Apparently one of the new mods had a power trip and went against the rules to ban me. I'm here to answer your questions truthfully, lets try to keep things civil. +Thanks to everyone who petitioned to have my ban lifted. Apparently one of the new mods had a power trip and went against the rules to ban me. I'm here to answer your questions truthfully, lets try to keep things civil. +If you're using ERC20 to do ICO, this should be the golden rule. You benifit from the platform, should contribute to the platform. + +EF can use the money to support base research or some critical protocal leval projects like Raiden. + +If anyone do this, I'm happy to double my contribution. + +Anyone with me? +With news coming out that RC Ventures owns 9-10% of Bed Bath and Beyond (BBBY), it might look very compelling to throw in a few 100 bucks into the stock to make some quick gains and buy more GME. I was about to put in a market order for 2 shares, but then realized how bad of an idea it is. + + +* BBBY has a lot of institutional investors. They can totally negate the buy pressure by selling their holdings and making a quick buck, which can then be used to suppress GME for a few more days. + + +* Wasabi sub is already discussing buying calls on BBBY. You can be sure that at best it's a zero-sum game where retail investors are fighting against each other. At worst, retail could end up giving a lot of money to hedgies. + + +* The transformation of BBBY is going to take a lot of time. The GME rocket is likely gonna take off before that. Every dollar spent on GME has a much better return rate. + + +* RC has made it clear that GameStop will be his first priority. Taking on short hedge funds without first having the board of directors on your side is foolish. + + +* If BBBY rises sharply and then falls by the end of the week, then you can be sure that MSM will use this opportunity to claim that Ryan Cohen has only made his investors lose money. Their goal is to use anything and everything to prevent FOMO investors from joining the GME rocket. + + +At the end of the day, you are an independent investor who makes their own decision. Just giving some unsolicited 2 cents to those thinking of playing BBBY. +he seems like a smart enough guy.... but... he says hes been a rental property owner for over 15 years and has only turned a profit 3 of those years. he says even in "nice, upscale" neighborhoods you can still have tenants trash your properties, costing thousands of dollars and making you lose money, he said hes had property management companies in place that extra-charge him or double-charge him for appliances and repairs, screwing him out of money. he just kicked a guy out of his downstairs unit that had lost his mind with pills and booze during covid lockdowns and trashed the unit leaving garbage piled up to the ceiling and bedbugs and mice. it took weeks to clean that unit out..... so my question is: is this just the unluckiest MF on the planet? or is he not screening these tenants? or is he just dumb as hell and putting predators in charge of his properties? or is he just trying to scare me away from this business to scare away potential competition? or all of the above? i understand its potentially easy to lose your ass in this business, but essentially my plan is to buy a duplex i could afford on my own, then have ultra-high standards for checking my tenants: credit score, employment history, everything im legally allowed to check. only allow someone great in. their rental payments will just be icing on the gravy/gravy under the bridge. assuming the numbers work, it sounds kinda foolproof. your thoughts? +I am new to real estate investing, and still working on getting my first investment property. What constitutes a “good deal”. You hear that phrase get thrown around a lot. +Personally, I DON'T think we are in an RE Bubble. Even with interest rates on the rise, with such low inventory, people are still purchasing homes at high rates knowing that in 10-15 years the price will appraise nearly anywhere in the U.S. + +However, one thing I am worried about are rent regulations. With minimum wages staying relatively the same and rents continuously rising, something has to be regulated to make sense financially. That could potentially put a limit (or even cut) current rent prices which would greatly affect Cash Flow each month. In theory, government interference with rent, could cause a great, cash flowing property to then receive zero to negative cash flow each month forcing investors to sell which would create another another RE crash. Again, I highly doubt it could happen, but it has been on the back of my mind! + +So now I wanted to discuss what do you think will need to happen to cause another RE crash to happen? And how can we best maintain security/risk to make sure we are protected if that does happen? + +Thank you! +I frequently read posts on this sub, but this is my first actual post here. + +**Personal Background** + +I’m 25 and wanting to get into real estate investing as a way to build passive income, ultimately working my way to financial freedom. I’ve been searching for the right multifamily property to get with an FHA loan, and house hack while I save up for another property to add to my portfolio. +I’m itching to get into the game, but I want to make sure my first move sets my future up correctly. + +**Potential First Deal** + +Desc: Duplex. Each unit is 2bed/1bath, and ~600 sq feet. +Cost: $165,000 +Cap rate: 7.2% +Cash flow (after building equity, refi, and move out): ~$400/month. + +At first glance, this seems like a great opportunity for me to get past the biggest barrier to entry in real estate investing (capital) and get a nice, cash-flowing duplex as my first property. + +However, it will take me approximately 25 months to build up the necessary reserves and capital for a small down payment on another, similar property. I’m hoping to be a little more aggressive with my investing career, in terms of having more passive income by 25 months from now. + +**Thoughts?** + +This is where I’m looking for any advice from some more seasoned pro’s. Should I accept that this is probably a pretty great chance to add an asset that many people my age wouldn’t even be thinking of purchasing. OR, should I take a step back, and maybe consider another path to procuring my first property. Maybe using some creative investing like the BRRRR strategy, combined with my FHA eligibility, to use the same, recycled money to get to 2-3 properties in the same time span. My sole focus for the last 5-6 months had been to find a MFH and house hack it, but now I’m wondering if that will handcuff my ability to invest for longer than I’d like. + +Any advice is very much appreciated! + +**Tl;dr:** house hack and save money for 2 years, or try to creatively invest to have 2-3 properties in the same timespan. +Can I get an ELI5? I'm familiar with the traditional process with a seller. I see some properties for auction on websites, some for auction with the county. What determines where these auction? How do I bring a cashier's check if I don't know the price ahead of time? Am I screwed if title isn't clean? +I purchased a house to flip in July. It was listed for $250k and had multiple offers. I offered $235 cash with no inspection and 2 week close and they chose my offer. It was a "grandma" house complete with 40 year old kitchen, shag carpet and tons of wallpaper. I budgeted $25k for reno and comps said it would sell between $290 and $300k. + + + +I went slightly over budget because the kitchen cabinets I thought I could paint were crap and I needed new cabinets, and the hardwood floors under the carpets needed refinishing. So I'm in for $30k. + + + +I finished 2 weeks ago and put it on the market at $269,900 expecting multiple offers to put it closer to $300k. This has been a market trend since the spring and my previous flip that sold in the summer in the same neighborhood went $30k over asking, so it was reasonable. + + + +In 2 weeks after a good amount of traffic, I received 2 offers for $260k. My agent said that the market softened after Labor Day and he's not seeing the "urgency" he saw during the summer. It seems like mostly tire kickers and people who are "planning on buying soon and wanted to see what was available." + + + +Feedback on my house was that the reno is nice, but it is small. It is one of the smaller footprints for the greater neighborhood, but it is a common size and floorpan for the area and anyone looking at a home in this particular area should expect this size. It was also one of the lowest priced homes on the market in is area. + + + +Long story short, I decided instead of losing money on the house right now, I would try to find a short term renter to get us back to the spring/summer when there is a new buyer pool who is hopefully more competitive. + + + +I have no mortgage, so taxes and insurance run me about $400/month. I rented it out for 6 months for $1,600. However, I really don't want to keep it as a long-term rental because I really enjoyed flipping and I didn't intend for the cash I put in to be held up long-term in one property. If I mortgaged it to get the cash out, I would no longer have such a great cashflow and it wouldn't make sense as a long-term investment. + + + +Obviously, there are a lot of unknowns and the market could tank or soar by next year. i'm giving up the opportunity cost of purchasing a another flip (which I wasn't really planning to do at this point because reno time would get it back on the market in late winter which is dead in my area). + + + +I just couldn't stomach taking a loss on the house that I worked so hard on and is so nice compared to the other comps in the area. + + + +Do you think I did the right thing by holding onto it? Or would you have cut your losses and moved on? What angles might I be missing with this circumstance? +Hi everyone, +I am looking to get some advice on selling or keep renting our house since we are pretty new to this. + +We bought this house for 440k in Northern California 6 years ago. Two years ago we had to move due to my husbands work so we decided to rent our house. + +We are renting it for 3,000/month and I am trying to figure out if we should keep renting it or just sell it. Evidently there's a 1% rule on real estate investing and according to that this is not worth it. I can't really increase the rent to match the 1% rule because there are other rentals available in the area for similar (3000) rent. Our cost is around 2700/month which includes mortgage payment, insurance, and property tax. + +I think now would probably be a good time to sell it because of Section 121 exclusion (we lived in the house for 3 of the last 5 years) and the current estimate price is 650k. The proceeds from the sale will be used to pay off mortgage - we still owe 300k. And the rest will probably be put in the ETFs or mutual funds. + +We are also renting for ourselves since we keep getting outbid left and right but that's another story. +Some attributes: + +~170 Acres of land, roughly 60 of which are buildable. + +~Located directly across the street from a state turnpike exit. + +~Located in a very pro-development town. + +~Granted state priority development status, which mandates expedited permitting at the town and state level, among other benefits - no town council votes needed. + +~The state is willing to grant tens of millions of dollars in tax incentives and direct infrastructure investment for sufficiently sized projects. + +~Full site studies/engineering already performed. + +~Another 75 acres of contiguous property under site control. + +Basically, I’m looking to sell the property to a developer. I don’t have any experience in doing this....I’m more interested in identifying a developer and selling it directly to them, focusing on those who will maximize purchase price, naturally. + +Where do I even begin? + + + +Could someone more experienced educate me on something concerning multiple properties? + +I just purchased my first property in South Carolina and am looking to purchase more over time. I do not yet have a LLC to put my properties into, but am looking in to doing that. + +My question is, if I am looking to rent out multiple properties is there anything specific I need to do? +I've read of putting individual properties into a LLC to limit liability, but what about special licensing? Any tips/tricks that can be provided? + +As a disclaimer I have a property manager that will be managing the properties. Also, I unstated this may vary by state. +I got offered a 15 unit apartment complex for 2.7 million. It generates 22000 a month in rent and costs 6k(according to owners) in expenses. I plugged all the numbers [here.](https://www.calculator.net/rental-property-calculator.html?cprice=2700000&cuseloan=yes&cdownpayment=20&cinterest=2.5&cloanterm=30&cothercost=3000&cneedrepair=no&crepaircost=10000&cafterrepairvalue=150000&ctax=24000&ctaxincrease=3&cinsurance=12000&cinsuranceincrease=3&choa=0&choaincrease=3&cmaintenance=27000&cmaintenanceincrease=3&cother=10000&cotherincrease=3&crent=22000&crentincrease=3&cotherincome=0&cotherincomeincrease=3&cvacancy=5&cmanagement=10&cknowsellprice=no&cappreciation=3&csellprice=200000&cholding=20&csellcost=8&printit=0&ctype=&x=91&y=20) + +Can someone go over my numbers and make sure the deal makes sense before I go forward and inquire for more information? It looks like the property may need a new roof in a few years and the units need some renovation. It's in a very good location close to downtown. All the units are occupied and handled by a PM who charges 10%. Cashflow of 50k per year seems reasonable? + +Appreciate the help. +I’ve found a property listed today in one of the markets I’m interested in. It’s a triplex (2/1, 1/1, 1/1) going for $75k and two of the units are rented for $580 and $555. I would cash flow $350 monthly with the current tenants, ignoring that market rates are higher (yes this is after maintenance, vacancy, property management, and landscaping). + +The shape of the property is probably a C and it could definitely use some rehab. My plan is to rehab the non-rented unit and bring it up to market rent while I wait for the other leases to end. + +My annualized CoC ROI is ~15% before rehab after accounting for repairs, vacancy, and even property management. If I get that third unit rented for 50% market rents, my ROI goes to 42%. + +I’m planning on self managing for now since I’m close to the property. + +The sale price above is about 25% below comps so I think this deal makes a lot of sense even with the macro conditions. I don’t expect value to decline 25% in this market over the course of the fed’s tightening. + +I feel like the property is just gonna disappear in front of my eyes to a cash buyer but hopefully that’s not the case. + +Am I missing anything? Please poke holes in this plan. +This is a serious question that I would like to know the rules if any of making an offer on a home. If a seller is asking 1M for a home, can I make an offer of 500K? Let’s ignore the obvious low ball or offending the seller responses. Will all I lose is time by going through the procedure of putting in an offer well below ask? +I am trying to convince my mom not to sell our long time family house that has been a rental property for about 8 years now. I feel it is a cash cow that she should hang onto for cash flow and long term ROI. However, I want to show her the numbers on a spreadsheet of some sort. I have looked online and found some rental property calculators, but is there one or something that could show everything better? I am willing to pay for something, if that would illustrate it better for her. + +The property is a single family 2,600 sq. ft house in a very desirable school district in North Texas. We have some long term tenants in the house. They would like to stay there for much longer, b/c they like the house, area, and rental rate. + +I took over the property management a few years back, and do not charge my mother anything, I just do it to help her out. She rents it out for $2,500 per month, property taxes are just over 10K annually and insurance costs are around $1,800 annually. + +Is there a good site/template that you guys use for a single rental property to show cash flow and ROI? What kind of metric do you guys use for capx calculations. I have read .67 per sq. ft, but not sure where that number originated from, I think it was just a number one guy liked to use. + +Any help on this is really appreciated. Also if you have any questions for me I am more than happy to answer them. Thanks again. +I'm currently traveling through South America, where credit cards are rarely accepted (only by really high-end restaurants and hotels). I normally take cash out of the ATM and use that, but I screwed up and forgot to take my card back from the ATM so it got eaten. I called the ATM's bank and they said it would take 5 days to get the card back, but I was already on my way to a different country. My bank said they could mail a new ATM card but that would also take 5+ days. So I found myself stuck with about $25 to last me for 5 days, maybe even more. + +I looked at my different options, Western Union and MoneyGram wanted to charge about $15, plus a 3% fee on conversion rate - PLUS a bank wire fee of $25 by my own bank! + +Then I had the idea to get on Coinmap, and lo and behold there's a cafe that accepts BTC. I stopped in for lunch and the owner asked me if I wanted to sell any Bitcoin. I was like hell yeah, that would be a lifesaver! He used a local exchange rate, which was worse than mine, so not only did I get a fresh stack of cash to hold me over for a week, I did everything completely "off the grid" and actually made a few percent instead of paying like $50 in fees. + +It was my first cash sale of Bitcoin and it really showed me how useful and flexible having a decentralized currency can be. Anyways, just wanted to share my success story from today :] Cheers all +https://twitter.com/OverstockCEO/status/421682424976654336 + +OSTK hasn't reacted much, but was up over 1 point after announcing the go-live yesterday, and subsequently down almost almost 3 points today. + +I'm interested in opinions on if the Bitcoin go-live news has affected investors in their stock, and if so, how are they viewing it? +I wanted to put together an early tax guide for those who have recently joined the cryptosphere, in an effort to help promote responsible crypto trading and investments. It's actually quite easy, but can be time consuming if you've made a lot of trades throughout the year. + +In the U.S., the cryptocurrency tax rate for federal taxes is the same as the capital gains tax rate. In 2021, it ranges from 10-37% for short-term capital gains and 0-20% for long-term capital gains. In the US, crypto-asset gains are calculated using two factors: your income bracket, and how long you have held the cryptocurrency. + +**Pay your taxes** \- I cannot express enough how dangerous it is not to. It could take months or years to get caught, but you could suffer from liens, levies, or seizure of property. The IRS is not worth messing with, and U.S. exchanges are now cooperating with them. + +For volume over $20,000 or if you have over 200 transactions on an exchange, they should send you a Form 1099 at the end of the year. This means your cumulative income has been reported by the exchange to the IRS and your tax return will need to reflect detailed trading activity. + +**Take note:** [The Wash Sale Rule](https://www.investopedia.com/terms/w/washsalerule.asp) still does not apply to cryptocurrencies, but [that may change soon](https://www.thestreet.com/retirement/cryptocurrency-may-soon-be-subject-wash-sale-rule). This means you can legally sell to claim losses up to $3,000 on December 31 and then buy back in on January 1, as opposed to the 30-day rule in securities. This strategy is known as Tax-Loss Harvesting. + +# The easy way to file: TurboTax + CoinTracker.io + +TurboTax has integrated with CoinTracker.io to make this easy-peasy. If you've made fewer than 25 transactions in 2021, CoinTracker has a free option. For up to 100 transactions, you'll have to pay $59, or $199 for up to 1000 transactions. + +CoinTracker can also [directly connect to your accounts on popular exchanges](https://www.cointracker.io/exchanges), such as Coinbase, Gemini, Binance, KuCoin, HitBTC, Gate.io, Robinhood, Cash App, Uphold and more. It will download your trade history from each exchange and calculate any capital gains you've made from those trades. Optionally, you can upload a CSV file to CoinTracker from these exchanges (so you don't have to "link" the account using an API key if you are uncomfortable with it.) + +Once you have completed syncing your trade history with CT, you will need to connect it to your TurboTax account. TurboTax will generate a Schedule D and Form 8949 with your gains and losses. + +**If you decide to do your own taxes** and not use a service like TurboTax, you will need to download [Schedule D](https://www.irs.gov/pub/irs-pdf/f1040sd.pdf) and [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf) and complete these yourself. + +# How to get your trading history: + +To manually generate CSV files without linking your exchange to CoinTracker, follow these instructions per exchange. Use a desktop or laptop - some of these features are not available on mobile. + +You can also use these documents to show proof of income with your bank or lenders in the event you need it for a loan application. + +Coinbase + +1. Log in to Coinbase on a computer. +2. Click your profile icon in the top right corner. +3. Click Reports. +4. Scroll down to Transaction History, choose 2021 as the year (this will be available after Dec 31), and click the "Generate Report" button next to CSV report. + +Coinbase Pro + +1. Log in to Coinbase Pro on a computer. +2. Click your profile icon in the top right corner. +3. Click Statements. +4. Click Generate->Account and set the start/end dates. Set the format to CSV. +5. Click Generate Report and an email will be sent with a link to the CSV file. + +Binance.us + +1. Log in to Binance.us on a computer. +2. In the top menu, click Orders->Trade History. +3. Click "Export Trade History" on the right. You can only export 3 months at a time, so you may need to use custom date ranges 4 times to get the full year. + +Gemini + +1. Log in to Gemini.com on a computer. +2. Click Account->Balances on the top right. +3. Click the Download icon on the right, and either choose Tax documents (PDF) or History (XLSX) + +Kraken + +1. Log in to Kraken.com on a computer. +2. Click History, then click Export. +3. Change your Date Period to Year to date, Last Year or set a custom range, then click Submit. +4. Wait a while (it took me over an hour in queue). + +Uphold + +1. Log in to Uphold.com on a computer. +2. Click Activity on the right. +3. Click the download icon at the top right of the transactions table, then click Transaction History. You will be prompted stating you will be sent an email with transaction history. Click the "Generate Report" button, then check your email. + +Cash App + +1. Log in to Cash.app on a computer. +2. Click Statements at the top right. +3. Click Export CSV. Cash App also has monthly statements, and they do not have the best options available for crypto trade history; they may show up alongside any other cash transactions you've made with the app. + +Gate.io + +1. Log in to Gate.io on a computer. +2. At the top-right, click Order->Spot Orders. +3. Click Trade History in the left column. +4. Choose your date range and click the Filter button. +5. Click the Download button at the top right. + +&#x200B; + +Other exchanges should also have a trade history available, but you may need to hunt it down. Hopefully, the above lists will cover most of our users. + +If I've missed anything here, please comment below and I will make changes as necessary so this post can reflect the appropriate information needed for upcoming 2021 tax returns. + +&#x200B; + +Edit: /u/starzychik01 pointed out some alternatives to TurboTax and CoinTracker. Using FreeTaxUSA.com and Koinly.io - I'll have to look in to these to investigate further. + +Also, if you are using a CPA, you will need to provide them your trade history. Your trades need to be entered in Form 8949. A 1099 only shows cumulative income and not each taxable event. + +Yes, you still have to report DEX trades. Obtaining the trade history will vary depending on which DEX you use. +My car loan is about $30K. I make about $2600 take home pay and car payment is about $500 and my parents are paying $200 monthly for me. I plan on working side hustles and hopefully make about $500-$600 a month extra to put all of it to my car. + +I live at home so my only expenses are food which I try to keep around $240 a month. Other than that, I can invest or put everything to my car loan. + +What would the best route be? Put everything towards my car loan or invest a little and put the rest towards my car? I am 25 years old. +My wife and I have no idea real idea what we're doing with our money, but while we figure it out, it'd be great to get our kids on the right track. +They (sophomore and middle school) both have checking accounts with $100+ that we probably won't let them touch and will continue to grow via birthdays and report cards. +They're first couple years of college will be covered through the MGIB and we will push them towards yellow ribbon friendly schools. +Is there anything we can do now to help them not "waste" their money? I can't help but think their fairly steady money flow would be better utilized if invested or something. + +Thank you +Truck driving is a career that doesn't require a high school diploma and doesn't care if you have a criminal record as long as you don't have any theft charges. It starts 30-40K a year and can grow up to 80K in a few years or even 100K plus if you want to work in boom towns such as in North Dakota. + +I know a lot of people on this Reddit aren't in a good place in life and this opens a lot of doors to really go wherever you want to. + +Also if you have a spouse that's willing to be a driver too it's possible to work together to drive teams and make quite a bit of money together. + +Some of the larger companies are willing to train and will even pay for your Greyhound to their training site. + +Now the job itself is pretty long hours. You are paid by the mile and are allowed to drive 11 hours a day up to a maximum of 60 hours every 7 days or 70 hours every 8 days. The turn over rate is really high with some of the largest companies having over 100% turn over rates every year. The time away from home is hard on a lot of people. I don't want to sell this as some sort of dream job, but it is a solid job for those that can handle the life style because it'll allow you to hopefully pay off your debts and get out of the situation you are currently in. + +If you are interested you can always check out /r/truckers for more information and to ask people stuff. + +Disclaimer: I'm not actually a trucker I just have my CDL and I currently work as a bus driver which has significantly less pay, but it covers my needs and has a better work life balance. If you have any questions about bus driving I might be able to help. +[Original thread here](https://www.reddit.com/r/AusFinance/comments/4lu36t/i_havent_lodged_a_tax_return_in_11_years_how/) + +So I did my walk of shame on to the tax accountants office who, quite surprisingly, told me that I was far from the laziest person they'd ever seen. People who'd waited longer with huge HECS liabilities weren't as uncommon as you'd think, it seems. My returns were a very straightforward process and all eleven tax returns were done in about five hours. Ten of them were returns, one was a debt. Where the scary part was is the ~$11k in penalty units that I was liable for, as well as the interest on the year I was owing. + +A few days later I receive a letter from the ATO telling me that I am liable for all the penalty units... However as it's my first offence, they've waived them, and next time please submit your tax return time! Amazing! A day or two after I received my notices of assessment and a big fat refund, with the year owing and about $200 in compound interest already deducted. + +All that panic over the years for absolutely nothing. + +A huge thanks to all in /ausfinance for your advice, it was very much appreciated. I'm never filing a late return again! +As far as I can see, there are two types of people here: + + *1. People who say that HODLING is the key to success* + + *2. Others who say you are wrong if you do not take a profit from time to time, DCA in and DCA out* + +**The thing is, both are relatively right**. + +&#x200B; + +I was watching [top 15 coins](https://coinmarketcap.com/historical/20150906/) in 2015 and if you invested in them and held all of them, with most of them you would be in profit. Some profits would be small, some profit like BTC would be very significant. + +But that's the top 15 coins. + +And even in top15 you will find dead coins like "Banx" that went from *$1.57 to $0.0003death*. So in case you were there in 2015 and held all this time you would be rich, but most of us didn't invest back then and most of us would probably sell a lot of it by now. + +**So with this mentality, they would say the key is in HODLING.** + +**Simply choose quality projects, invest money in them and wait a few years for wealth.** + +&#x200B; + +So lets take a look at[2017.](https://coinmarketcap.com/historical/20171217/) + +If you invested in top15 coins in 2017 and compare some of those coins to today’s price you would be at loss. And those are good projects. + +Coins like: + +**BCH that was $1,862.88 and now is $375.23** + +**LTC that was $318.72 and now is $126.40** + +**IOTA that was $3.93 and now is $0.8997** + +**DASH that was $1,105.92 and now is $130.23** + +Huge loss. + +So with this example we can see that not taking profits is a **mistake?** + + +In essence, it could be said that it all depends on the time you invested, but just HODLING without taking profits can be fatal. + +Of course, with blue chips like BTC and ETH there are no mistakes and people who were patient now don't have to worry about money for the rest of their lives. + +This being said, I am holding some coins for a long term. I am not against holding, I am just saying that holding mentality is not everything and that taking profits is a right thing to do. +I go to a relative and say "yeah man I've invested some money into Bitcoin". And the relative turns to me and says "man don't invest in Bitcoin, I heard they are going bankrupt soon" + +Needless to say, I laughed so hard and I'm still laughing as I type this. +This is my first year of trading and I recently realized that you need to submit a payment to IRS quarterly on your gains if your tax liability would be more than $1000 for gains during that quarter. I have never done this before and just realized this week that I already missed my deadline for last quarter’s gains. I’ve tried researching this on google and still have a few questions. +1. My upper tax bracket would fall into the 22%, would I simply take 22% of my gains and submit it to IRS? (My gains are just over 5k for Q3 which would put me just over that $1000 for tax liability on those gains). +2. Do I need to make a separate payment for both state and federal withholdings? 3. Is there an easy way to submit these payments quarterly online? +4. I understand that there is a .5% penalty for submitting payment pay due date but I’m unsure how to calculate the penalty as it’s supposed to grow to a maximum of 25%. Is it .5% for each month missed or how would the penalty work? + +Thank you in advance! +So my monthly profits hit about $6k and I realized I need to do quarterly taxes… 😬 is there a good walkthrough about how to prepare the forms or do I absolutely have to bite the bullet and use a CPA? I thought about using software, but the software that limits my inputs is less than ideal for my uses and others I looked at do not work with crypto & stocks, and I need both. + +Anyone recommend any tutorials? Or should I just absolutely 100% go to an accountant? + +Edit to add: more specifically, I need to know where to send payments to the IRS, if it needs to be in a specific form, etc… +This is my first year of trading and I recently realized that you need to submit a payment to IRS quarterly on your gains if your tax liability would be more than $1000 for gains during that quarter. I have never done this before and just realized this week that I already missed my deadline for last quarter’s gains. I’ve tried researching this on google and still have a few questions. +1. My upper tax bracket would fall into the 22%, would I simply take 22% of my gains and submit it to IRS? (My gains are just over 5k for Q3 which would put me just over that $1000 for tax liability on those gains). +2. Do I need to make a separate payment for both state and federal withholdings? 3. Is there an easy way to submit these payments quarterly online? +4. I understand that there is a .5% penalty for submitting payment pay due date but I’m unsure how to calculate the penalty as it’s supposed to grow to a maximum of 25%. Is it .5% for each month missed or how would the penalty work? + +Thank you in advance! +He’s not stating that $30 is a fair price, or that it’s high. Read what he says. He thinks it’s the starting point, where it will begin to go exponential. Not where it will end, not where you sell and certainly not what fair value is. No need to bite his head off if you’ve misread. +After hovering around $590k net worth for the past several months, I finally nosed above it yesterday! But I'm wondering if perhaps I'm saving _too_ much for retirement and that I should have more in easily accessible accounts? + +About me: I'm a high school teacher in my late 30's, been teaching since my early 20's. I am currently unmarried (with a live-in girlfriend), with plans to marry eventually but we are both firmly in the 'i don't want kids' camp. + +My income is 90k, my girlfriend's is 45k, and my girlfriend has a 401k account worth about 50k, and a checking account with about 10k in it, but no other assets/debts. + +**Assets** + +Checking account: **8k** + +old 401k from job before teaching: **25k** + +balance in my CalSTRS (pension) account: **100k** + +old 403b annuity from when I first started teaching and didn't know what I was doing: **45k** + +current 403b invested in a couple of heavily diversified vanguard funds: **35k** + +Roth IRA: **80k** + +Brokerage account: **120k** + +2br/1.5ba townhouse: Redfin says it's valued at about **380k** + +**Debts** + +Mortgage: **190k** + +I currently max out my Roth IRA every year, and I elect to have $16,000 going pretax into my 403b every year. As a high school teacher, I have a defined benefit pension plan that I'll assume will still be solvent when I retire, but nothing's a guarantee. + +Should I be trying to save more money in my brokerage account instead of my retirement accounts if I want any possibility of retiring early, say, late 40's/early 50's? Should I be depending on my pension at all, or just consider that as 'gravy' on top of my self-funded retirement? + +Thanks so much for all your help - I've learned so much lurking around this sub. +Let's say we get a scalable, functional, web 3 thanks the public Ethereum chain, and its associated core token, ETH. + + * What happen next to the cryptocurrency space? + * While Bitcoin, *<enter name here>coin* are unlikely to die completely, do they still have any advantages over ETH? Or is it all legacy use now. The "simpler is safer" argument would be dead under this scenario. + * Are there any other blockchain-like techs that remain valuable under this scenario? Tezos, Lisk, NEO, Ethereum classic, counter party, RSK, and all the other ETH want-a-be coins would be moot, it seems, under this scenario. But what about chains that are doing file storage or other p2p? What remains a unique tech that ETH cant reach directly. + + * What's next for banks? + * Clearly p2p banking gets a big opportunity under this scenario, essentially, unbanking the banked, but there's also some nice perks to traditional banks and credit cards. How does this system evolve? + * Clearly, it's not ETH or them for industry. Industry, if smart, can use ETH to an advantage. How will some of these big traditional players start to take advantage of web 3 with Ethereum? Maybe, there own tokens... + + * What's next for the internet itself? + +**Have fun and speculate!** + +In the year(s) ahead, we will know what will happen. In the mean time, we can have a lot of fun pondering. Let's see how close we get! +So this is in my TFSA I have in TD direct investing. Any time I buy or sell a USD stock (which I don’t anymore) the conversion ratio is so terrible it’s usually not worth any gains you may get. + +So now if my Canadian stocks get transferred to this American stock: + +1) will I be dinged on the transfer? + +2) if I sell in the future will I be dinged? +Firstly, HAPPY NEW YEAR! +My current portfolio is basically 10% VGRO 90% speculative / hype / meme stocks. Looking to move to a complete ETF portfolio that I will make regular contributions to for the next 30 years. I’ve been looking at a ton of the [available ETFs](https://www.tsx.com/resource/en/1168) and I have narrowed it down to something like [this here](https://imgur.com/gallery/SsUk9cU) + +GEQT/EDGE/VRE/ZUT +A mix of growth and divided investments. What’s everyone’s thoughts on this? +What is your plan for 2021 and beyond? +A Top-Performing Hedge Fund Is Shorting Canada Banks on Housing https://www.bloomberg.com/news/articles/2019-01-18/a-top-performing-hedge-fund-is-shorting-canada-banks-on-housing + +Can anyone outline this article? + +Edit can also be found here: https://www.bnnbloomberg.ca/a-top-performing-u-s-hedge-fund-is-shorting-canada-s-banks-1.1200486 +or here: https://outline.com/dMCMzL (thanks /u/acre_) +Hey guys! I’ve been lurking and buying for over a year now, and every time I try to figure out how to get my shares into computershare, I get overwhelmed and confused. + +I know I can’t be the only one who still gets confused with all of the help already out there. + +Can someone please explain or point me to a step-by-step guide on what to do? +I have seen a lot of posts, including rensoles morning news claiming the record date of the share recall to be 4/20. However, multiple brokers have verified the date to be 4/15. GameStop and RC cant confirm this until Saturday at the earliest due to Texas law stating it cannot be announced more than 60 days prior to the shareholders meeting, but I suspect it will be Sunday or Monday. + +**YOU MUST RECALL YOUR SHARES BEFORE THIS DATE (4/15)! DO NOT PROCRASTINATE IF YOU WANT TO BE ABLE TO VOTE IN THE UPCOMING SHAREHOLDERS MEETING.** + +This also has the added benefit of forcing anyone who has borrowed said shares for the purpose of shorting to return them. + +[E-Trade](https://imgur.com/a/kW4vQnj) + +[TD Ameritrade](https://imgur.com/q99378Y) + +[Wealth Simple Canada](https://imgur.com/ai6Duju) + +Edit 1: [Questrade](https://i.imgur.com/BxuZ3GX.jpg) Thanks to u/87CSD for this screen shot showing another confirmation. + +[Take a look at the time on the clock from this shirt that dropped yesterday.](https://imgur.com/a/QJqwTfw) + +# You are responsible for recalling your own shares through your broker, this does not happen automatically! CALL THEM OR USE THE ONLINE CHAT FEATURE MANY BROKERS HAVE! This will take 10 minutes at most! + +[What is a share recall and how does it work?](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +*This is not financial advice, just information for you to do with what you will. As for me, I like the stock and will obviously be recalling my shares so that I can vote in the upcoming shareholders meeting.* + +&#x200B; + +Credit to this post for explaining and compiling this: + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +&#x200B; + +Edit 2: [Reminder for wealthsimple Canada to turn on shareholder communications](https://www.reddit.com/r/Superstonk/comments/mnibmd/share_recall_record_date_is_415_not_420_make_sure/gtyfds2?utm_source=share&utm_medium=web2x&context=3) +I'm interested in Forex trading and I'm willing to commit A LOT of my time to understand it all, but before I take those steps, what can I expect with starting with very little? I'm talking 1-2k, I don't expect to start even demo trading from 1-2 years from now, I just want to know what to expect if I were to begin with a small amount with the knowledge of two years of research. + +Edit: thanks for all the replies I read all of them +Pretty neophyte trader here + +Just gonna use my own example and thought process + +I've been learning a lot from ICT, and have been looking into other strategies as well (lesser amounts of demo trading and back testing so far) + +To put it simply, I'm not convinced that completely deriving my skillset from a single mentor will be worth it + +ICT said that people should only deviate from his material if they back test it and experiment with the strategy modification to find that it is indeed more profitable + +Thing is, while what ICT teaches used to be pretty lowkey, now everyone knows about it, so I believe it should subtract from the reliableness + +Admittedly, I haven't gone too far from his material, but I've made a list of other things I want to learn after I've grasped ICT concepts + +I know it seems like I'm rushing it, but I plan to go through this process for probably upwards of a year + +So, is it plausible to only use things other people have come up with to become a profitable trader, or do I need to combine certain strategies, test them, and come up with my own instead? +So I've been trying to learn as much as I can about chart patterns, indicators,etc... but I feel like I'm taking steps (falling) backwards. I have been playing with the demo account for a little over a year now with hardly any progress. I dont know if I'm back testing properly, I have changed my strategy maybe only 3 times. And I start out ok then it just goes down hill from there. Then add I'm a single father of 2 working full time. + +I know people have different opinions on strategies, and chart patterns, etc. But I would really appreciate some guidance on what to focus on first. I feel like I jumped in without a plan and tried to mash a bunch of things together that just didn't click. And that's what I'm chasing, is my "clicking" moment. Cause right now, it's spaghetti. Lol also I have tried to keep a journal and I'm not even sure if I'm doing that right. Like I see the info there, I'm just not sure I'm picking anything up from it. Thank you in advance! +If I have a $50k account, what difference does it make if I open a true ECN account instead of an account with a market maker? As I understand it, with this size a true ECN is not really ECN anyway. Is the broker trading against me, as with a market maker account? How common are broker scams with true ECN accounts of this size? +Before I ask this question, I would like to state my deepest apologies on this community. Im from Malaysia, can FX really makes me a huge difference in income, gradually? I feel some doubts that I shouldnt go into FX because my brother told me some of his friends tried FX, but most of them failed. +Hey, I observe this industry from the sidelines and even tried to pass prop firm challenges a couple of times. Did it twice - passed the first stage, and blew the accounts during the second. + +What's different in my situation is that I earn money writing about trading, as a financial journalist, so for the last two years, I've had plenty of time to do research and learn. I did the work people with normal 9-5 jobs do in decades (that's no joke, I've seen plenty examples like this), because I was, more or less, forced to. And here is the thing: the more I know, the less realistic gaining an edge in the markets is. I don't take seriously people that say that "they are profitable", because the company I work for tries to find scams on the daily basis. We hear that someone made money, yet there is no never any reliable proof. If there is a proof, it is fabricated (there is a simple way to produce fake results on one of the popular platforms - if someone is not knowledgeable, that's the way to go, he will fall for it and buy your course). + +You may ask - why won't you become Forex guru then? Well, that is obvious - I am not a thief. + +But the funny thing is, most of the people seem to believe it. Everyday I see someone claiming that making 10% in 30 days during the prop challenge, is "really easy" or "not easy, yet achievable", while in reality, that's pure insanity. Majority of pro fund managers don't beat the market, and we are talking about Ivy League guys. If it comes to actively managed funds, they lose most of the times. If you do make 10% per months and can sustain it, you would trade for Goldman in no time. + +But if it comes to prop challenges, you have to make 100%. Yes - 100% of your drawdown, then, if you risk "only 1% per trade", in reality, you are risking 10% of your account per single trade and 10 losses in a row is not something that happens rarely. Actually, you need to lose only 5% of your "account" and 50% (!) of your drawdown, to find yourself in a terrible situation. Now, you have to make 100% to go back to square one and then - make another 100% of that to pass the challenge. It has nothing to do with real prop trading. It is gambling and people, who pass, do it by sheer luck. I know it, because I've passed phase I two times. + +Therefore, I am starting to lose hope that it is really possible at all. + +Some claim that they've passed and sustained the accounts with "Smart Money Concepts", yet I am not stupid enough to believe in what ICT is saying. His setups are re-named, retail technical analysis and IPDA is one, big conspiracy theory. There is no proof that the decentralized Forex works like this. Financial illiteracy and not giving a shit about market structure (I'm not talking price structure here) makes people think, that they "trade with the banks". They don't know what real Market Marking is. They don't know how HFTs work and that majority of institution's trades are not directional and have so called "delta neutral". + +I would just like to know if there are people who think like me, yet they are actually trading with these props. Gained an edge and somehow, they make a living out of it for some time. I'm writing this because markets always fascinated me and I love doing research, trying to understand them. Yet knowing how they work and having an edge are two, separate things and sometimes I think, that it is just not possible at all, and we are all nothing but fools. + +PART II + +I've decided to write a quick part II of the original post, because I think that it might be complementary. + +As you may know or not, financial journaling is full of failed/developing traders or investors (from what I remember, Tom Dante was a journalist back in the days and he might be some kind of exception here). It's not about me, I am fresh there and achieved nothing special so far. It's about the other people. Almost all of them have really big experience with trading/investing. While I was entering this space, I was almost sure, that I will find many profitable traders here. Yet I've found no one trading for a living or no one that could provide any reliable proof. + +And here is my point - if these are the people that live and breathe the markets - writing news articles, doing macro researches and constantly learning and so on, yet they could not make it as traders, what are the chances, that a normal guy will achieve this? Living a normal life and treating trading as a hobby? + +Do you think that these guys don't know SM Concepts? That they never used Fibonacci? That you have some secret that they don't know? They educate traders, teaching them about the interest rates and central bank policies. Some of them take these ICT teachings, repack it and write about it, and they learn it during the process. Do you think they are mentally retarded and can't use it themselves? Can't backtest? Can't draw order block or apply simple logic to the chart? Most of you will dislike it, because it is challenging your dream, but I don't mean to be negative. If all of this is negative, it's negative for me first and foremost, because after all this work, I am exhausted and I've learned many useless things, just to end up nowhere so far. + +At first, I thought that I am better than anyone else. As I said, I've made my first money on the betting exchange and I was pretty good at it. Mechanics was basically similar to the Futures market. 90% of the people there were losing traders as well, and I was one of the few, so I thought that it will be the same on the financial market. Yet it was not. It is different kind of market. As close to efficiency, as it is possible, and I am simply not sure, if there is any inefficiency that can be exploited by humans in the short term. And that is really sad, because I wasn't there for money, but for the game. I've seen charts as some kind of complicated puzzles and still try to see them that way, but there is the risk I can't ignore anymore - that there is no mystery in this. Just chaos, that to the imperfect, human eye, seems orderly. "Fugazi!", as Mark Hanna said. Fairy dust. + +EDIT: + +The second part of this post just got banned. See? They just don't want you to know. Sleep, and while you are asleep - lose more money so the industry can eat ;) +My education and exposure thus far has been predominantly on the Spot FX side. However, I just wanted to get some views as to why you would choose spot or futures FX: what are the pros, requirements and does one give a real edge over the other? + +&#x200B; + +I'm fairly new, so I'm uncertain if most here trade spot FX or FX futures (though, I would imagine the former). + +&#x200B; + +I look forward to the replies. +So about 14 months ago the eur/usd was around 1.22 and now it's 1.06xxx. What was it that made it move? Getting out of Afghanistan? Does anyone think that a weak Russia will strengthen the US dollar? Maybe instead of buying bombs now pay off the debt? + +Guess again. + +The 2023 fiscal budget is all but set in stone now (from what I read), and my conclusion? The US is going to spend their money no matter if Russia is strong or weak. (Some $850 Billion in defense spending), In other words, look at the fall from 1.22 to recent parity as a gift from God because unless someone can convince me that $31 trillion in debt and no plan to do anything about it doesn't have anything to do with currency rates, then we are soon headed to 1.40 against the euro and 1.75 against the Pound. Somebody change my mind. + +P.S. higher interest rates compared to Euro rates just means uncle Sam will have to pony up even more money to pay. +What else can I do on a daily to improve myself as a forex trader? Beside from waking up early, premarket scanning, watching the market, executing trades, and lastly reflecting on my performance. But then what else can I do after that?? Like extra credit type of stuff. Help please?? +So about 14 months ago the eur/usd was around 1.22 and now it's 1.06xxx. What was it that made it move? Getting out of Afghanistan? Does anyone think that a weak Russia will strengthen the US dollar? Maybe instead of buying bombs now pay off the debt? + +Guess again. + +The 2023 fiscal budget is all but set in stone now (from what I read), and my conclusion? The US is going to spend their money no matter if Russia is strong or weak. (Some $850 Billion in defense spending), In other words, look at the fall from 1.22 to recent parity as a gift from God because unless someone can convince me that $31 trillion in debt and no plan to do anything about it doesn't have anything to do with currency rates, then we are soon headed to 1.40 against the euro and 1.75 against the Pound. Somebody change my mind. + +P.S. higher interest rates compared to Euro rates just means uncle Sam will have to pony up even more money to pay. +I've been trying for weeks to create a trading plan, I've been backtesting and it worked really well. But now in the live markets, I was on a losing streak with my plan. Nothing worked out, I never took good trades because maybe one of my criteria wasn't there. So I just started trading without it. + +I'm just using my intuition and risk management. And I've already made more today than my trading plan has made in a week. I just wanted to know if it's possible to continue like that? Because I don't know how profitable this intuition thing will be in the future. But I just feel like having a trading plan doesn't work for me. Maybe I haven't backtested enough/the right way? I'm just very new to trading, started 6 months ago without any experience on how to actually backtest, for how long, how to create a good plan, etc. So I'm just doing it on my own kind of and hoping for the best. + Some of you may know me from my Due Diligence posts at [r/FluentInFinance](https://www.reddit.com/r/FluentInFinance/). I felt this post was necessary due to all the people asking about due diligence, also due to the question I've been getting. These are things to look at. + +&#x200B; + +Some of you may know me from my Due Diligence posts at [r/FluentInFinance](https://www.reddit.com/r/FluentInFinance/), but **below is my Guide on HOW TO ANALYZE & RESEARCH A STOCK, and what you should look at when evaluating a stock** (This is my checklist just build from years of wins & losses, things I learned from Pace University and Goldman Sachs). If I am investing large amounts of cash, I want to research thoroughly, so if the stock drops I can stick to my convictions, and forget about emotion. + +Before I use my time to research a stock, read up about it into detail, and dig into the financials, news, and 10-K, I check these **two** things first, to decide if I should use my time to dig further: + +&#x200B; + +1. I look at **price upside**. I look to see what the analysts covering it, have to say about the price targets. (Money is a tool, and you want it to work for you). MarketBeat.com can show you this: [https://www.marketbeat.com/stocks/NASDAQ/AAPL/price-targe](https://www.marketbeat.com/stocks/NASDAQ/AAPL/price-target)t/ +2. I look at the **charts and the technicals**. I try to read and interpret the charts to see what previous trading patterns can predict. What are the short-term, mid-term and long-term predictions? A site you can use to interpret the charts for you is BarChart.com and TradingView.com. + +[https://www.barchart.com/stocks/quotes/AAPL/opinion](https://www.barchart.com/stocks/quotes/AAPL/opinion) + +[https://www.tradingview.com/symbols/NASDAQ-AAPL/technicals/](https://www.tradingview.com/symbols/NASDAQ-AAPL/technicals/) + +&#x200B; + +**If it passes these, then I dig deeper** (because time is a valuable resource, and you cannot look at everything) + +&#x200B; + +**Other things I look at:** + +1. I dig deeper into **technical analysis and the charts.** I look at RSI, moving averages, MACD, Stochastic Oscillator, etc. +2. **Sentiment & News**. What are people saying? Google the company. +3. **Earnings & revenue history.** Is there growth? Is there potential? I look at the financials and the projections +4. **Growth**. I look into the financials to look at past growth. I look into news, 10Q's, 10Ks, investor presentations, and statements to look for future growth. +5. **Financial health**. Are the financials strong? (Quick ratio, Profit margin, EPS, Income Statement Trend, Cashflow). +6. **Valuations**. How is this valuated? (PEG ratio, P/E ratio) +7. **Short selling.** How much of this stock is sold short? Are people betting against it? +8. **What is the put/call ratio?** Are people betting against this stock? +9. **Peers & competition**. How does this company stack up against its competitors and peers? How do the financials compare? How to the products compare? Is there a moat? +10. **Institutional Sponsorship.** Are big banks and wall street holding this? How much or this companys stock do they hold? +11. **Insider Trading**. Is the CEO buying or selling shares? +12. The amount of **ETFs** that hold this stock. Will they continue to buy it up and drive price? +13. **Average volume** traded. Is this stock liquid? Would I be able to get my money back? How easy can I trade it. +14. **Social sentiment**. I check what people are saying on twitter and google search trends. +15. **News moves a stock.** So I also use google to find out as much as a company as possible. +16. Look into the CEO & management team. + +There are many sites you can use to dig into a stock such as (1) Yahoo Finance, (2) MarketBeat.com, (3) MacroTrends.com, (4) MarketWatch.com, (5) CNNMoney.com, (6) [CNBC.com](https://cnbc.com/) + +I use an excel spreadsheet to organize my research. + +As you see, good research and due diligence can take anywhere from 1 to 3 hours. But this is your money, and noone cares more about it than you do. Good luck! +Chill out and take your time cause its most probable that ETH2.0 in its final form will take years to be completed. + +This doesn’t mean that we’ll have to wait 6 years to have a highly performing Ethereum network. + +The main focus, as Vitalik stated, should be 2 things: + + • The move to PoS + + • Sharding + +Any additional features are just polishing the network to make it as perfect as possible. + +In the meantime, Vitalik is solely focused on Zk rollups as the future of scalability for Ethereum. + +This decision to build around rollups came back in 2020 when Vitalik wrote an article titled “A roll-up-centric ethereum roadmap” where he explained how Ethereum would be all in on rollup tech (Give it a read its very interesting). + +I guess this is why he’s so fond of MATIC recently considering they’ve invested into every single ZK rollup tech available on the market and have proven to be top dogs when it comes to scalability. + +So while the final stage or ETH2.0 might take a while, we should soon start seeing a lot more improvement from both Ethereum and side chains like Polygon. +Property is supposedly valued at £325k or so. + +£210k left on mortgage. + +My introductory rate is just about to come to an end at 1.4%. Remortgage options are popping up at 3.4%, more than doubled despite a <70% LTV. Currently paying £685 with about 30 years left. + +I'm getting really concerned, even at my current 30 year term that's still going to be a £250 extra a month just to service the additional interest. Particularly with everything else rising. + +Current mortgage, bills and council tax are about £1000 per month, but I expect they're going to be up to £1,500 - £1,750 with the remortgage and all other bill increases by year end. + +My remortgage date is in November. I have about £100k in savings because of some recent inheritance. I'm really considering dumping it all into my mortgage just to keep the rate manageable. + +Salary wise I'm on about £59k, no bonus (engineering so not really much chance of pushing that much further without going into management). Student loan and 6% pension contribution so about £3k post tax per month. +Get fucking fucked. + +We tried to warn you, everyone with a shred of common sense pleaded with you that China was a communist wasteland, that they will in fact choose petty land disputes over their people's economic well being and their country's prosperity. That investing in a Chinese company was not like lighting your money on fire, but like lighting your money on fire with one hand while also jerking President Xi off with the other and begging him not to he spread your cheeks prison style after. + +&#x200B; + +&#x200B; + +&#x200B; + +[A live view of Chinese investors ](https://preview.redd.it/prs9mfbyugn81.png?width=600&format=png&auto=webp&s=afc5b4996f29cc9f256e6bec7d11f18f3cf05c70) + +And by the way, this is only the beginning. Because China is actually getting closer to Russia during this Ukraine conflict, not distancing themselves, like you would expect. + +That's right, China actually saw Russia turn into a Haiti tier economy overnight and thought "Wow, that was retarded what they just did, let's become their friend so they can help us do the same retarded thing to Taiwan some day." Like imagine siding with a Russian Midget with a Napolean complex that can't even win a war over the entire earth. + +So yea, enjoy those bags, you communist dickwads, maybe daddy Xi can give you a few thousand Rubles to use as tissues to wipe your tears if he asks his best friend Putin for some. + +**TL:DR Literally all you "China will replace the USA" people are retarded.** +“Back in January, a bunch of chat-room denizens got it in their heads that they could rev up returns in a stock portfolio by corralling options dealers to their side. It’s starting to seem like they were on to something. + +While not new and a long way from risk-free, the strategy celebrated in the Reddit forum r/wallstreetbets is at least fairly simple. Spend some money on bullish calls on shares you own in hopes of forcing the sellers to purchase the same stock as a hedge. An ensuing feedback loop drives everything higher, or so the theory goes. + +Now, by happenstance or design, something like this appears to be happening on a grand scale in U.S. technology shares, dialing up a blistering rally -- and possibly worsening last week’s decline.” + +Source: https://www.bloomberg.com/news/articles/2020-09-06/the-bro-trader-options-enhanced-stock-money-machine-goes-global +Howdy...first post here. I’ve been exploring the idea of very early “retirement” for a few years. Currently 35, married with 2 kids, total assets $4.5M ($3.8 investment portfolio, $0.5 retirement funds, $0.2 home equity), earning about $300k/yr gross, medium COL city. + +Being new here, I would love general thoughts from anyone, but particularly regarding the title question. I know the answer is highly personal, and depends on many factors that are different for everyone. To boil this down to something as objective as possible, what are the metrics some of you have used as goalposts? Are there some generally-recommended benchmarks for assets vs spending that I should be thinking about? Our current yearly spending is about 2.5% of our total assets, but that will likely increase as our kids (currently both preschoolers) get older. + +I work at a job that does not excite me, but is fantastic in all the practical ways...good pay and benefits, normal hours, lots of vacation, etc. I really wrestle with the idea of abandoning that just because I don’t love the work, but I feel like we’re getting close to where jumping into a more rewarding but lower paying line of work, while maintaining our current standard of living, might be realistic. + +I greatly appreciate any thoughts. Cheers. +Past $11.5M for single / $23M for MFJ filers, up to 40% of your assets will be lost to taxes when your estate transfers hands to your beneficiaries. + +Does each generation simply make peace with losing nearly half their family money, or is this kind of high penalty only a recent addition to the tax code? +TLDR: I want a jet card with a safe operator but don’t need the ability to cancel / book last minute. It seems like all jet cards come with both - am I missing anything? + +Longer version : + +I have been looking at European jet cards. I want 25-50 hours per year. It seems like the options for me are either something like Jetfly fractional, something like a netjets card or adhoc chartering. + +I don’t want to adhoc charter - I would really rather go with someone safe and experienced- which pushes me down the jet cards route. But all of these seem to give you the ability to book / cancel last minute which I assume adds to the cost. Is there a way to get the jet card experience cheaper by forgoing the flexibility (but keeping the safety of, say, a netjets.) + +Thanks! +I didn't start working immediately after getting my bachelor's degree at 22. Rather I decided to go to a top-5 CS school to get my doctorate. Luckily, my research interest as well as topic was about machine learning stuff and it took me 6 years to get out with a **Dr.** title in front of my name. I next decided to join a FAANG company with a compensation close to $300k with not much saving throughout my grad school life (probably around \~$20k). I see people here already have a NW of close to $1M at the age of 29/30. Can I ever get over the thoughts about lost opportunity cost? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +The mood was down after the DDoS attack everyone was saying it was doomed.. and then the attitude shifted slowly to talking about fundamentals. November we hit new lows and started going up from there.. what I'm saying is that this thing will run its course... I'm looking forward to the next pickup... +Do you think [$ETH](https://twitter.com/search?q=%24ETH&src=cashtag_click) will re-take $2,000 before the [Ethereum Merge](https://twitter.com/hashtag/EthereumMerge?src=hashtag_click) ? + +Come here to vote in this poll! + +https://twitter.com/Piggy\_cards/status/1561080334057238528?s=20&t=nhKacwhQv25MTbw01qBgHQ +Disclosures: + +* My name is Alexander Levin Jr, founder of ethOS, a popular mining operating system that represents 7% of the total Ethereum mining network. +* I have purchased a large amount of NVIDIA GPUs (over $100,000 worth) for my personal farm. +* I am the founder of gpuShack.com, a valued added hardware reseller for mining equipment. +* I have a large stake in ETH, approximately 6% of my net worth. + +I've been doing some digging and found a lot of dirty shit associated with progPOW. I've just discovered this community and thought you guys might want to see it. + +For the purpose of this post, I define "stakeholders" as people holding ETH, and "miners" as people producing ETH. + +Stakeholders want to decrease miners' block reward, and miners obviously want it to increase or stay the same. In order to "compromise," miners were promised progPOW by the dev team to "remove ASICs from the network", in order to make the reward deduction more palatable to them. + +However, the below posts demonstrate that ETH ASICs are not the threat that people make them out to be, and furthermore, progPOW increases centralization by allowing incumbent chip manufacturers (NVIDIA) to work closely with algorithm designers (progPOW team) in order to covertly increase the mining efficiency of their specific devices using secret algorithm changes and secret hardware manufactured specifically for it, thereby causing a monopolized hardware environment. + +* [ethOS: Our analysis suggests that there are very few ASICs mining Ethereum.](http://ethosdistro.com/blog/) + +* [Continued censorship involving Ethereum's proposed fork to progPOW](https://np.reddit.com/r/btc/comments/ag4y98/continued_censorship_involving_ethereums_proposed/?st=jr1bji92&sh=cc0ba234) + +* [The connection between Core Scientific, NVIDIA, and progPOW (and possibly CSW/Coingeek)](https://np.reddit.com/r/btc/comments/aeee8r/the_connection_between_core_scientific_nvidia_and/?st=jqwn4s4v&sh=2d8dcd64) + +* [NVIDIA has funded the team responsible for the development of ProgPOW](https://np.reddit.com/r/ethereum/comments/adc6g5/nvidia_has_funded_the_team_responsible_for_the/?st=jqwn3u46&sh=738340d8) + +* [NVIDIA is engaged in a proxy war for future of proof of work. They call it "progPOW" and the first target is Ethereum](https://np.reddit.com/r/btc/comments/ae8ozh/nvidia_is_engaged_in_a_proxy_war_for_future_of/?st=jqwn4399&sh=70fb8bfe) + +* [Forking to progPOW will leave ETH open to a 51% attack with a datacenter as small as 7.2 megawatts](https://np.reddit.com/r/ethereum/comments/adn534/forking_to_progpow_will_leave_eth_open_to_a_51/?st=jqo1d0fd&sh=4eba355e) + + +all this constant chart checking is causing me to loose my fucking mind. I want to cut the constant obsessing over the price of eth out of my life. its doesn't feel healthy. im going to hold all my eth but i am forcing myself to disconnect. no more tabs open at work. no more hodl app on my phone. Im going to set it, forget it, and come back in 6 months or a year. anybody done this? +Hey guys, + +After living with a beater car since college, I was finally in a position to purchase my first new car from a dealership today (don't worry, I understand the implications of buying new vs. slightly used, that's a different topic altogether). The resources on /r/personalfinance allowed me to feel completely in control of my purchase and helped me avoid common pitfalls that some folks may run into. Here's just a brief overview of my car buying experience: + +* I did a lot of research on the quality index and reliability of certain makes/models to help narrow down the specific car I wanted with help from the [Long Term Quality Index](http://longtermqualityindex.com/) + +* I read up on two very helpful reddit posts: [Step by Step Guide on how to buy a car](https://www.reddit.com/r/personalfinance/comments/3898f1/step_by_step_guide_on_how_to_buy_a_car_my_friend/) and [3 Tricks Car Salesman Use to Take Your Money] +(https://www.reddit.com/r/personalfinance/comments/36pnp0/3_tricks_car_salesmen_use_to_take_your_money/) + +* After finding the exact car I wanted, I submitted my information through TrueCar (my employer has some sort of affiliation/deal with them). I submitted a Google Voice phone number an email address that I don't use for anything else so I wouldn't be constantly harassed by calls/emails. I also calculated the exact loan terms and out the door price that I wanted and looked up the auto loan rates at my local credit union. + +* After receiving offers from the local dealership (3 of them in my case), I sent the lowest offer to the other dealerships and asked for their lowest out the door price (including taxes, title, and fees). This happened about 4-5 times. + +* After receiving prices that were within ~$100 of each other, I scheduled an appointment at the dealership with the lowest OTD cost for a test drive of the car + +* I printed out the emails from the dealership with the price I negotiated and went for a test drive. All went well so we sat down to talk about the price/options. I was then given a quote with an additional freight fee ($895) and some added paint-protecting clear-coat ($850). I said I wasn't interested and that the freight fee was included in the Truecar cost already (which was in the email correspondence). They removed both charges. + +* I then went to the finance office. The finance manager initially gave me an interest rate of **4.65%** which was WAAAY too high. I advised her that my local credit union could do 1.79%, so I would go with them if they couldn't match it. I told her the exact loan term that I wanted and emphasized the total cost of the car over the monthly payments. She went over the warranty options multiple times, but I stayed firm with my choice of not wanting any additional coverage. They were able to go down to 1.8%. I went with their financing because I also got an additional $500 incentive through Honda for being a recent graduate. + +In the end, I walked out with the car I wanted at a great price and felt completely in control. I just wanted to personally thank all the posters at /r/personalfinance for empowering me with the knowledge I needed! + +If anyone has questions about my experience, feel free to ask. + +Edit: Missed a word in the title. Should be "First NEW car purchase" +Edit2: It was a 2016 Honda Civic EX for those who were asking. +Hey AusFinance team! + +I work full time (9-5) in an office, but am looking for a side hustle to supplement my full time income during these uncertain times. I figure, why not have a bit more buffer by topping up my savings and/or also have a bit more money to spend on a holiday/some toys whilst the borders are closed. + +So tell me AusFinance, what's your side hustle? +I’m a 28 year old fully qualified tradesmen in an unfulfilling role. I’m making a decent wage at the moment but nothing too extreme and not sure how much room there is for progression. +I’ve been offered a new apprenticeship in a role that I feel will open more doors and make more money in the long run but the hit to my wage initially is very off putting, nearly half of my hourly rate. +Basically what I’m trying to put into savings per week will be lost. +Is it too late to earning this low of money? +Are there budgeting tips for low income earners? Or budgets templates I could use to ease the strain +[TIGER 21](https://tiger21.com/membership/about-tiger-21) is a group for people with >$10M and a mission to "improve their investment acumen, tackle common issues of wealth preservation, manage family-related challenges, and understand everything from estate planning options, to philanthropic endeavors. " + +&#x200B; + +I was looking into them until I saw the $30k/year membership fee! I don't see the value but I thought I'd ask and their [asset allocation](https://image.cnbcfm.com/api/v1/image/105446403-TIGER21chart.jpg?v=1536762435&w=1910) could generate a good discussion. Data is a year old but fairly consistent over time. Is this consistent with your portfolio? +Looking for some feedback on my current position and more specifically what I should do with a $700k payout I recently received. I'm 34, married, and have one kid. My wife stopped working this year, so we're a single income household. My annual comp is roughly 170k base and 30k bonuses. I was an early-ish employee at a software company that was recently acquired for cash and it netted me \~700k net. My earnings really accelerated in the last two years and I'm trying to save \~$60k/yr now. I'm not including equity grants in my earnings at this point because I don't have a lot of clarity into what that program is going to look like in this new company. Here's my current net worth and allocations: + +150k in aggressive Wealthfront account + +14k in vtsax + +180k in roth accounts + +55k in a 401k + +50k cash (I have significant business expenses I pass through a credit card so I need to keep cash to float between expense reimbursements) + +150k equity in home + +\--- + +$449k + 150k equity in home + +\+$700k cash payout + +\--- + +$1.29m + +Am I crazy for thinking that I should put this additional $700k directly into VTSAX in a one-time purchase? + +I'm also considering taking 5-10&#37; of it for "fun" stuff like replacing our 10 year old cars, adding a bathroom to our house, or some landscaping work. I'm frugal by nature and it's hard to justify spending that money when we're still so far away from our FI goal of 3.5-4m. I also don't really know what the future holds for us or if we'll need to move in the next year or so for a new gig, so putting money into our home feels risky. +I have been doing some personal financial modeling recently. It seems that at a certain level of invested NW and yearly spend, your NW really hits a takeoff point. Like if you have 10 million bucks and you spend 150000 a year, your money pretty much just grows indefinitely. However, the assumption is 7% yearly average inflation adjusted returns. + +How realistic is this “takeoff” scenario? It seems like hitting the takeoff point is a perfect place to stop working. Has anyone on this sub hit such a situation? +Wanted to raise a topic for discussion. Traditional investment teachings is to allocate an aggressive portfolio allocation when you are young and to gradually shift out of equities as you approach retirement age. Less volatility, etc... + +When I've read through threads talking about people with $20M, $50M, $100M and more in assets, people have talked about those people shifting to "wealth preservation" rather than trying to maximize returns. On the surface, that makes sense. Similar to when you are approaching retirement -- why risk 30% of your portfolio to an abrupt downturn? + +But here I am. I've reached about $20M in net worth. It's been a combination of high earnings and average market returns on roughly 75/25 asset allocation. + +In my 40s, still working but very flexible lifestyle, expect to live a normal life span. So what would you do when you have enough assets with a long time-line? Do you shift gears or stay the course? + +Staying the course seems easiest, and not terribly risky. Even a 50% market correction would be still leave enough buffer -- though it would hurt psychologically. + +Is there another wealth preservation plan that people would execute when hitting well beyond their comfortable number? And if that's not at $20M, but what about $50M, or $100M? +Recently on this forum lots of questions have been surfacing around what folks aspiring to become fatFIRE or already are fatFIRE should invest in. + +Questions often come up in the context of: + +* Should I pay off my mortgage +* My car dealer is offering 0% financing, should I take it even though I can pay cash for the car +* Should I invest in residential real estate +* Should I leave 50% of my net worth in my company stock/founders equity or diversify +* What about bitcoin/GME/dogecoin + +Although I'm about 15 years past my MBA/CFA classes covering the topic (I stopped the CFA after passing level 1 as my career took a different path), I figured a good over-simplified 101 on modern portfolio theory and rough optimal portfolio construction guide could help folks figure out how investment professionals solve this problem. + +What is portfolio theory? + +Start with a quick read of https://en.m.wikipedia.org/wiki/Modern_portfolio_theory as I'd otherwise do a crappy job of plagiarism here. + +The quick TLDR is: there is a bunch of stuff you can invest in. You'll always go with investments that offer the highest return for a fixed level of risk, but you should figure out what level of risk you can sleep at night with, then construct the portfolio that gets the best return for that level of risk. + +How do you construct your optimal portfolio of investments? + +Step 1: Identify your pool of potential investment alternatives and roughly identify the level of risk and return for each. + +Investment options may include Company stock purchased at a discount, mutual funds/index funds, specific stocks, treasuries, business investment opportunities, and returns should be calculated net of taxes. + +Examples: + +* COMPANY STOCK BUY-IN AT 20% DISCOUNT - bad year - down 50%, good year - up 80%, average year - 30%, +* Buy home with cash instead of renting - bad year down 20%, good year up 30%, average year - 8% after taxes/appreciation/management fees/rent savings, +* Buy new printing press for your t-shirt business - 60% good year, -20% bad year, 20% average +* S&P index fund - 40% good year, -20% bad year, 10% average +* US 10 year treasury - 2% good year, 2% bad year, 2% average. + +Step 2: Identify what level of overall portfolio risk you'd be able to sleep at night with. Typically younger investors with fewer obligations and safety nets are ok with more risk, while folks late in their 80s want to make sure the funds can cover medical costs late in life and might not deviate much from treasuries and corporate bonds. + +Step 3: Looking at your the basket of investment alternatives, there will be a handful of obvious superior investments and invest in them first as they'll be superior to any market offering (e.g. max out your 401k/IRA since it is pretax, always buy company stock if offered at a discount or if given a company match, diversify individual stock & industry risk by also buying competitor stock or inversely performing industry funds, maximize your tax breaks, invest in new equipment for your business with a 1 year break-even). + +Step 4: With your remaining funds (as I'm guessing many of you have substantial savings rates), round out your portfolio with the most efficient mix of other investments to hit your acceptable target level of overall risk. + +If you want to reduce risk, you can first find complimentary investments with higher returns that inversely correlate with the risk of your portfolio (e.g. you work in oil and get company stock but probably should invest in some solar & natural gas companies). + +Then if you want to further reduce risk, you can invest in low-risk/low-reward investments like treasuries & corporate bonds so that your overall risk is tolerable (or pay off any debt/mortgages if the current interest rate paid net of taxes is higher than a zero risk treasury). + +If you want to increase your risk profile, let it ride with diversified stock funds, invest in a basket of high-risk non-traditional investments (YOLO dogecoin), options, or even take on debt (as cheaply as possible via mortgages, loans on commercial property, margin investment accounts, etc...) to increase the amount you are putting on the line. + +Step 5: Annually re-examine your portfolio, especially as tax laws change, new opportunities surface, and rebalance your portfolio if the risk doesn't match your goal using tax deferred accounts (IRA/401K) so you don't have to pay capital gains taxes when selling relevant securities. + +--- + +That's a massively over-simplified version of what investment professionals / financial planners do (for their fees), but given the number of questions that have been popping up lately on this topic without addressing the underlying risk tolerance discussion, I figure I'd provide a rough primer. +Thank you. This community has given me hope. Hope for a better world. For so long now I have been so disillusioned with this world, with how society works, how we operate as a species. I've felt completely alone. My honest hope when first investing into GME back in January was just to make enough to have a deposit for a flat or something, get my foot on the ladder and start living. But now, I see a group of people (apes) who are fighting alongside me. For a better world. One where we, as humans, can all live alongside one another without disdain. We aren't there yet, but what we are doing as a community is taking a long stride in the right direction. I am so proud to be a part of this community, so thank you, and I'll see you on the moon, in a better world. 🚀 +My net worth since joining this sub is down to $7, and in Chicago there's no way to get a pack of cigarettes for that price. I haven't smoked in a week now, and I feel great! So thank you all very much! +Hello /r/UKPersonalFinance! + +I see a lot of posts here from people asking for advice about whether they should use their savings/inheritance/windfall to pay back their student loan early. Some of the posts are from high earners who may benefit from saving money on interest, but a lot or from people who will actually end up paying more if they try and pay down their loan early. + +I've created a website that tries to clearly explain why paying back a student loan early is rarely a good idea. The website also has a calculator created using R Shiny that calculates the total you will pay back based on your current salary and interest rates, and tells you what you will save (if anything) by paying down or paying off your loan in a lump sum. + +This is my first time making a website like this, and I hope people will find it useful. Any feedback is very welcome! + +The site doesn't save any of your information. There are no ads at the moment but I hope to place some non intrusive ones if the site gets popular to offset the cost of hosting the R Shiny application. + +The site is www.shouldipayoffmystudentloan.co.uk + +Thanks for taking a look! +Im one of these index fund strategy fellas (XEQT) - you know, the ones people love to plug them in the comments. We all know the players - VGRO, VEQT, XGRO, XEQT. + +I’ve recently come across VFV, and am wondering why it doesn’t get mentioned here as often? It tracks the S&P 500, MER seems low, and gains are wild (up 100% over past 5 years). Seems like a no brainer to switch over to it, no? + +Is there a fundamental difference in its holdings from the 4 favourites I mentioned above? + +I’m considering switching all of my holdings over to VFV. My investing timeline is 30 years. Talk me off the ledge! +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. +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. +Hi there, I'm just wondering what are the ways people are taking advantage? Few basic thoughts: + +- exchange Cdn to get USD into your bank (for future use) +- buy USD stocks at lower cost that will grow (vs dividends as those will be lower distributions into Cdn bank) +- certain stocks or companies that earn in Cdn but expenses are from USD (ie Suncor).. + +Any other suggestions? Also for the first point what is the lowest cost way to exchange dollars? What do you use? + +Thanks! +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. +here is the link to the subscan address: + +[https://polkadot.subscan.io/account/1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv](https://polkadot.subscan.io/account/1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv) + +gavin's original tweet: [https://twitter.com/gavofyork/status/1497914456118075394](https://twitter.com/gavofyork/status/1497914456118075394) + +ukraine's answer tweet: [https://twitter.com/Ukraine/status/1498547710697345027](https://twitter.com/Ukraine/status/1498547710697345027) + +&#x200B; + +[transaction](https://preview.redd.it/lcrazvk29sk81.png?width=1154&format=png&auto=webp&s=655c36ad6e81af26c80fb4ea2b6345c45ea17528) + +&#x200B; + +[total $ donated in dot](https://preview.redd.it/gxdtxj949sk81.png?width=566&format=png&auto=webp&s=dca527913917fa75e9c2cad62ae54bb017fadf2c) + +what a legend! +I gave someone a check for 367 dollars. They requested that I make the check out to their mother because they owed them money. I agreed because why not. A few weeks later the check hits my account and clears out 3367 bucks. + + +He said he mailed it to his mother (across state lines) but she never got it. The numbers on the check were modified by adding a 3 and a comma before the amount. The written amount was modified by adding a t before the h and an o before the u. Changing three hundred and sixty seven to three thoundred and sixty seven. The image of the check makes it very easy to see that it was fraudulently amended. + + + I called Wells Fargo (my bank) who told me that it was obvious fraud and that they would not give me a provisional credit for the amount, but they would go after Charles schwab (the bank that accepted the check) for reimbursement. + + +I told them that they never should have honored such an obviously fraudulent check, but at the least, at the absolute minimum, they were legally only allowed to honor the amount of 3067. Not 3367. Therefore, I was insisting on an immediate provisional credit until the issue was settled. The transaction put my account heavily into overdraft and I was not only incurring overdraft fees by the minute, but I didn't even have money to buy food for my family. + + +Upon hearing that, they changed their tune and said that there was no fraud. There was only a miscommunication between banks. The number 3367 was not the legal number and irrelevant (hence no fraudulent activity) and the word thoundred was not an attempt to defraud but only messy handwriting. Therefore, the claim was closed out of fraud and sent to collections. Charles schwab is fighting the adjustment so I need to wait 90 to 120 days to maybe possibly get my money back. Even if I do get it back, it will only be the 3000 not the 367 as that is the legal and valid amount of the transaction. I'm at a complete loss. This is over days and days of fighting and yelling. Multiple people in multiple departments. Visiting a branch and sitting in the managers office for hours. This is a fucking nightmare that someone could steal from me, everyone knows, but no one is doing anything. + + +Points of interest that matter : +I filled an affidavit of fraudulent activity with WF that dead ended. + + +I spoke to the mother, she had several items of mail stolen from her mailbox. She filed a report with the usps and the local police. +My local police told me they can't do anything as the crime happened in NY not here. + + +I spoke to Charles schwab bank and found out that the check was deposited into an account, not cashed. They won't give me any other information obviously. + + +I spoke to a federal investigator from usps. He volunteered to give me a letter that said I'm a victim of fraudulent activity and have had my check stolen so that I can take it to Wells Fargo and force them to dispute entire thing and speed the process up. Unfortunately, he went back on what he said and wants to wait into Charles schwab responds to the subpoenas to find out whose account the check went into. It will take a month or two. + + +I've Facebooked WF. They told me nothing and were no help beyond wasting my time. +I emailed the board of directors and got no response. +I emailed every dept of WF I could find and got nothing. +I submitted multiple forms online the went no where. Not just WF but with the agencies that oversee banking in USA. + + +It seems that I might need to just roll over and play dead while getting railed up the butt to the tune of 3k. I would love advice and concrete direction other than "dude, you should totally sue". + + +Thanks for reading this wall of mine! + +Edit: I'm not lying, I'm not dumb, I don't think it was the mom, the police won't take a report, I love you all for the advice and will follow through with your suggestions. *thank you* + + +Edit the 2nd: + + +Thank you all for your suggestions. The helpful ones I will carry out right away. It seems that there is likely nothing to do but wait and not be dramatic. I will keep trying to push in a polite manner and hope for a quick resolution. I appreciate the time spent on my post. I hope none of you get your money stolen by something large enough to say "screw you, you'll get it back when I decide you'll get it back". +I'm having a moment. I'm forcing to accept that the psychology of market cap and exchange listings is self perpetual and the money driving this market is *really* dumb. + +I'm bothered by the fact that noobs constantly talk about market cap rankings yet pay no attention to the fact that it's easily manipulated by supply. + +I know that any sustained increase in price is harder to maintain over the long term when there is hyperinflation or a massive base supply compared to average daily trading volume. + +I know projects like this crop up every day and I'm almost tempted to release a coin with 100 billion supply and a $2 spot price (**edit:** *an absurd scenario that could be achieved via secretly hoarding nearly 100% supply with multiple accounts and listing on an obscure exchange*) with <$10 daily trading volume just to stress my point. + +I'd probably become rich through by selling my stacks to noobs fomoing in though, and that daily volume would probably rise very fast... + +Yet I see hype for certain projects that occupy top 50 positions with questionable long term value. + +My portfolio has been doing well but it sucks to see a certain token not ranking higher even though it's fundamentally a top 10 project in my eyes. + +If it's base supply was 10x higher it would probably be a top 10 coin right now. I know for a fact it would be top 20 on that premise looking at its recent trading activity. + +I hope this market matures to understand what a flawed metric marketcap is in evaluating cryptocurrency (and its not just for the reasons I've stated). If anyone wants to help me build a site for a metric much more useful than marketcap please DM me. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Seeing how soon before the EEA the price began substantially increasing, and assuming it will keep going up for the following ~ 10 days. I believe it is safe to assume that we can go up to a ATH of 500 with a correction to ~430-450$. Which seems appropriate considering previous corrections after ATHs. If this tends to happen we will be gone way past 1st place by MC. + +Adding to that the fact that once we hit first place all media will go crazy we can expect a lot of FOMO to happen at those levels. This is more than just bullish news for ETH. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am an RN who makes a good salary. Our annual pay increase is 2% (below cost of living) and has been since the 2008 recession. I work for a private, for profit hospital and we are very profitable as per public records. Our CEO has been with the company for 40 years (only place of employment) and is tightening the purse strings across the board. I do agree with some of the changes as I believe them to be smart and reasonably prudent moves to keep the company healthy. In making these decisions she has laid off hundreds of long term employees who were getting close to retirement. + +2 days before the paychecks with the annual increase came out my VP, who I directly report to, pulled me aside in a busy hallway and said "While we have never had a salary ceiling before, we are going to have one now and it will affect you as the highest earner on the team." It does not affect anyone else on our team. I am not the longest employee- I have only been there a little over 10 years. But I always negotiated for increases and always supported my arguments with productivity and profits, etc. and I have done well. + +So now I am 8 years from retirement. If I stay I will never get a raise. There are some small bonuses that are team driven (not individual). I would get probably 1-2K a year in bonus. If I quit I won't be able to get another job at this salary as I am making quite a bit now. + +I can't help but feel undervalued. I am sad and angry. Part of me says to suck it up and just take it and part of me says well you can have my ass in the chair but don't expect me to continue the late nights, weekends, & holidays that I have always worked (uncompensated) because I was exempt. Was I just being an idiot thinking I was part of a team? What do I do? + +I’ve noticed that shills start off being slightly negative in the threads then they try to turn it positive, or visa versa. + +They are smart and subtile. They lean on empathetic emotion then guide you in a different direction. + +They are subliminally planting the seed of doubt deep then smoothing it over. I’ve seen the pattern a TON as of late. Recognize the pattern, look for it and don’t let the seeds of doubt sprout. + +. +. +. +. +. +. + +Edit: For Clarification + +It may sound like from the way I initially wrote this: “if you question something you are a shill”. That is not what I’m saying. + +Open discourse and dialogue with differing opinions is healthy - Honest questions are healthy. + +I notice strings of replies that are subtilely trying to guide people into believing that they are with them, but then dropping a breadcrumb that sews doubt rather than the “the stock is going to zero” shill that we initially encountered. I’ve noticed that the shills have become more tactful and aren’t as blatantly on the “other side” as they once were. + +I have seen it frequently and I have felt it’s impact. Just my opinion on the current state of shill manipulation. +Two weeks from now, RC's gag order has been lifted. +You wake up and see SuperStonk has blown up with posts. +Quickly you jump out of bed, grab a cup of Joe and start investigating the new hype. +The first post immediately grabs your attention: + +"MOASS HAS STARTED!!!! RC FUKT HEDGIES" + +You open the post and see a video. + +It's a video of RC at a press conference. He seems happy, giddy, excited, yet professional. A lot of noise is in the room. He taps the microphone a few times and the room falls silent. + +*"Good morning. My name is Ryan Cohen, chairman of Gamestop, for those of you who don't know me. I am here today to make an important announcement."* + +Your tits start getting jacked and you take another sip of your coffee. + +*"Many of you know Gamestop as an old-fashioned brick-and-mortar store, or maybe you've heard from Gamestop in the news as the 'meme' stock. I'm here to show you what we've been working on behind the scenes."* + +RC takes a sip of water before he continues + +*"Over the past few months we've created an NFT platform. On this platform our players will be able to trade NFTs, or non-fungible tokens. Now, without getting too technical, NFT technology will allow us to trade digital used-games, in-game items, art, music and more"* + +You jump up. Did he just wink at "music"? You must be mistaken, surely. + +*"This platform will allow Gamestop to make more players happy. Over the past few months, we've also invested in..."* + +You zone out. It's all getting real, months of dreaming, waiting, hoping, voting, DRSing, memeing, joking, bonding... The endgame is finally here. 69th time is the charm, right? + +*"Lastly, I'd like to close this meeting with a small word to our investors"* The video grabs your attention again. Investors? + +*"To our investors I'd like to say the following: We saw you. We heard you. We knew. We couldn't act or speak. The real task and the the toughest times are still ahead of you. As a small token of appreciation, we're kicking off our NFT platform with a limited-edition NFT: Once upon a time in Shaolin."* + +A smile forms on RC's face, fully aware of what just happened. + +*"Hedgies R fuk"* He whispers in the mic as journalists bombard him with a million questions and cameras start flashing. + +You sit back, not fully realizing what just happened. Is this real? Are you still dreaming? +You hesitate.. But eventually you open your trading app. + +GME trades currently at $420,069.00 and is rapidly rising with about $1,500.00 per minute. + +"*Hedgies R fuk"* you whisper to yourself. Time to prove those diamond hands. To the moon. +The earnings revisions are starting to come in... + +[https://www.businesswire.com/news/home/20220725005841/en/Walmart-Inc.-provides-update-for-second-quarter-and-fiscal-year-2023](https://www.businesswire.com/news/home/20220725005841/en/Walmart-Inc.-provides-update-for-second-quarter-and-fiscal-year-2023) +u/atobitt was on AndrewMoMoney's stream just a few minutes ago and he needs our help! We need to scour EDGAR for any connections to convertible bonds and any of the Citadel companies. He is putting together another DD. + +EDGAR lookup +[https://www.sec.gov/edgar/search/?r=el#](https://www.sec.gov/edgar/search/?r=el#) + +(I put this as news flair, but I really have no idea what to flair it as. I just didn't want to get killed by flairing it as "DD") + +Edit-1: I forgot to say, just post it here. I don’t know if he wants his messages blowing up. + +Edit-2: Ok guys I have gotten messages from a lot of people saying that he addresses convertible bonds in an edit of his last post. With that being said, keep looking for connections between Citadel (and their plethora of other companies, funds, llcs, and ltds). Austin specifically listed 7-8 companies in his “EVERYTHING short” DD (I can’t remember them off the top of my head, but they are there). There is a reason HFs and other institutions do this shady crap. + +The past few days I have gotten familiar with some financial jargon related to these filings, if you’re as interested in this, keep looking for connections. The great DD’ers are putting out A++ stuff, but I’m a firm believer in having more eyes on a problem. If you don’t feel comfortable (or the time) researching that’s completely okay and I don’t think anyone between Superstonks or GME would fault you. + +I’ll end with this, thank all of you smooth apes, wrinkly apes, wavy apes and all apes in between. I don’t really feel comfortable getting these awards, I haven’t done anything groundbreaking, but if we all work together even in the minutiae, we can accomplish anything. We may even write some Shakespeare by accident. #RunOnSentences +I was surprised the most recent hike by the RBA. My opinion is that inflation will go higher due to the weakening AUD and we will eventually ‘import inflation’ as a result. I’m speculating there will be massive rate hikes incoming if our inflation worsens. Happy to hear your thoughts. +I just got my first rental property. I am buying a new personal residence and am renting out my old one. I am feeling a little overwhelmed with a lot of conflicting advice I’ve gotten as far as to how to set up the rental business. I talked to my cousin who is a PM and has several rentals. She tells me I need to set up an LLC with separate bank accounts for my rental business from my personal bank account. She also says I need an umbrella policy. I talk to my insurance agent. He tells me I don’t need an umbrella policy because I don’t have enough assets to be worth it. I’ll have two properties totaling about 300k in value. I’ve been reading online about LLCs for the rental and it seems to me that they’re more trouble than they’re worth. Doesn’t sound like the liability protection is all that reliable and piercing the corporate veil isn’t all that difficult. Plus they seem to complicate your taxes. I’m just kind of unsure what to do and would love input. +Currently live with a friend and get along very well, I pay about $600 in rent including all utilities. Looking to buy a place and potentially live in it and maybe rent it to my roommate who would be willing to pay $600 as well. The issue is I may be better off buying the rental property and renting it to someone else and living with my roommate in our current apartment. The rental property mortgage will be about $1100 a month and property taxes would be $300 so at baseline the property would cost me $1400. If my roommate is willing to pay $600 that leaves me paying $800 and any additional costs with the house and repairs. I can cash flow by renting the house to someone else. Does anyone else have experience doing this? First rental property here and would like some insight. +Good article for hard core real estate nerds such as myself (who like thinking about finance and economics). + +https://www.mauldineconomics.com/frontlinethoughts/credit-driven-train-crash-part-1 + +Share your thoughts! +I just got my first rental property. I am buying a new personal residence and am renting out my old one. I am feeling a little overwhelmed with a lot of conflicting advice I’ve gotten as far as to how to set up the rental business. I talked to my cousin who is a PM and has several rentals. She tells me I need to set up an LLC with separate bank accounts for my rental business from my personal bank account. She also says I need an umbrella policy. I talk to my insurance agent. He tells me I don’t need an umbrella policy because I don’t have enough assets to be worth it. I’ll have two properties totaling about 300k in value. I’ve been reading online about LLCs for the rental and it seems to me that they’re more trouble than they’re worth. Doesn’t sound like the liability protection is all that reliable and piercing the corporate veil isn’t all that difficult. Plus they seem to complicate your taxes. I’m just kind of unsure what to do and would love input. +Hey r/realestateinvesting + +Small-time landlord, only 11 SFRs properties in my portfolio. The past 5 years, I have self-managed and had never had a property on the market longer than 2-3 weeks in my area of investment. However, my family and I decided to move out of state and felt like we needed to hire a property manager to slowly take over the portfolio. + +It has been challenging and extremely frustrating. + +Properties under their management have taken easily 10-15% loss in gross rent + taking almost double the time to rent at like 4-6 weeks. + +How normal is this? + +I hired one and fired one this summer and this new PM is now following a similar pathway. + +I am beginning to think this is the norm for working with PMs, has this happened with you? + +I love real estate, but starting to have serious doubts if we can scale to large properties with such bad PMs and thinking about either selling or finding a way to still self manage from out of state. + +Any suggestions on what to do or if you have this experience too? + +Edit#1 crappy PMs are the norm. +I am sixty one years old and have lots of friends and relatives 50-60 years old who have lost their jobs/careers due to age discrimination. Their employers wanting a hip, young and inexpensive workplace will make live impossible for them at work, or will just terminate them in the waves of layoffs that hit corporate America. + +They want to go back to work but employers "generally" want younger cheaper candidates. If they try to accept less pay or a lower level job the code words becomes, "you are overqualified." + +Age discrimination is the perfect reason to double your savings and live frugally. Become a knowledgeable investor and pick the best stocks, bonds, mutual funds and other investments. Do your homework! + +Work in your field in an interesting well paid job is not guaranteed and once you are 50+ it is going to be a lot tougher to find a new job. + +Anyone with a story to tell about how age discrimination encouraged you to redouble your efforts to become financially independent. +The link I have shared as part of this post really made me stop and think today. It's an estimate of listening and non-listening bitcoin node. + +If you consider yourself a Bitcoiner, this should worry you. What you see is a slow decay of a statistic that should be growing year on year. Especially now, when people are moving to self custody, as the shitcoins die, and when people are seeing the true value of Bitcoin as a tool of freedom. + +The misconception about running a node is that you are supporting the network. But it's not really about that. Running a node is YOU exerting control. It's YOU saying "these are my rules, THIS is what I want Bitcoin to be". And if many users engage this selfish act, Bitcoin becomes stronger! That's the magic right there. + +Look at the blocksize wars, at the big blocker corporate interests signalling for segwit2x, look at the RBF nonsense as people who don't understand the risks and function of Bitcoin try to dictate how the network should work. Node runners are the main line of defense against these actors. YOU can be there in the phalanx, in fact you SHOULD be there, with a spear in hand ready to strike at that which you must fight. A shield locked with those you would share concensus with. + +If you do not run a Bitcoin node you are allowing the essence of bitcoin to rot through inaction. For your sake, for the sake of your bitcoin and, critically, for the sake of Bitcoin's soul. Run a node. + +You don't need a raspberry pi, you don't need an old computer, you don't need to run Linux or make a sever or any of that shit. What you need is to download bitcoin core from [bitcoincore.org](https://bitcoincore.org/) for your OS, verify it, and install it. Congratulations. You now operate a node. If you can't spare the disk space?Prune it. Can't dedicate the bandwidth? Don't propagate blocks. Don't want people to know you use bitcoin? Enable tor. The possible configurations are huge and there are [tools to help you configure it as well](https://jlopp.github.io/bitcoin-core-config-generator/). Wallets like sparrow will easily connect to your node too, so you can effortlessly have privacy in your transactions too. + +Aren't sure what you are doing? Don't worry, ask for help here, go to the daily thread, go to the /r/bitcoin discord. Ask. Ask. Ask. People will help you. And then, one day, pay it forward. I have included some helpful links to get you going. But if you are new to this whole thing and have questions then please ask away. + +[Why you should run a node](https://blog.lopp.net/securing-your-financial-sovereignty/). + +[How to run a node](https://bitcoin.org/en/full-node#secure-your-wallet) + +[How to run a pruned node if you cant spare disk space.](https://thebitcoinmanual.com/behind-btc/nodes/pruned-node/) + +Remember, there may come another blocksize war, it may happen sooner than you think. Be prepared to make yourself self-sovereign or face the consequences of inaction. To quote Sartre "We're 'thrown' into existence, become aware of ourselves, and have to make choices. Even deciding not to choose is a choice." +Referring specifically to eth. What is on the short term horizon that could really boost eth's fundamentals, without getting into overly technical details? + +For example, raiden. As well as I understand it from a high level, it will allow faster transactions than any other crypto out there right now. Set to launch sometime towards the end of April? Feel free to correct me if I'm mistaken, but I'm referring to things like that. +I have been thinking about investing in ETH for several weeks, but I have a few questions. + + 1. I hear a fork is in line due to Asics, if true would this eventually affect my ETH investments? If the fork happens will the value of ETH drop initially? + + 2. What are some of the cons of ETH? Does it scale easily? Is it fast? I guess what I'm trying to say is, are there any foreseeable roadblocks that may exist? + + 3. Bitcoin has seen faster and stronger clones emerge (ex. Litecoin) I am assuming ETH has as well. What does ETH have in the pipeline that will ensure it's survival? + + 4. What are the contracts all about? How are these utilized in the real world? + +Any help would be much appreciated. I have done some research myself but I thought I'd try here for all my questions! +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! +I get the idea of holding, i was a lucky dog buying quite some time ago. Potentially entering bearish markets at some point would it be possible to transfer my ethereum into a stable coin and place it back into ethereum at a lower rate thus yielding more ethereum and compounding what’s already mine? I’m sure this isn’t a new concept and would love to hear some thoughts/guidance on how to do so. I can’t find anything direct on it probably because I’m looking up the wrong things. Thanks. +Hey all + +(Throwaway as I don't want personal details attached to my main account) + +As a recent grad (graduated in 2017), I've always been warned about switching jobs and companies too often at the risk of being looked as a job-hopper by potential employers. However, purely looking at things through a financial perspective, I have made large gains in salary and benefits by switching often and anytime a better offer has been presented. A timeline of of job history is below: + +* April 2017 - April 2018 (Company A): $63,000/year +* April 2018 - May 2019 (Company A): $66,700/year +* May 2019 - June 2020 (Company B): $82,500/year +* June 2020 - June 2021 (Company C): $105,000/year +* June 2021 (recently joined Company D): $166,000/year + +I'm not sure if I've just gotten lucky with the companies that I've interviewed with, but Companies B, C, and D never went in-depth on the reasons why I'm leaving or why I had only stayed for a short time. Apart from the standard question of what I'm looking for in my next role, no company I've interviewed with has given any negative impression of such short tenures. + +Unless I really, really like Company D such that I have no incentive to look anywhere else, I will probably be following the same M.O. and begin to start interviewing elsewhere in about a year's time just to see if another 30-50% salary increase is out there. I am by no means recommending the same for others, but just presenting anecdotal data to showcase what *can* happen by switching often. + +Happy to answer any questions others may have! +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. + +I'm 26, and currently gross 50k a year. I recently graduated from college (a few months ago) and I have $21k in student loan debt. I am still living at home, and was planning on moving out in a few months. Would it be best to pay off the student loan debt in full before moving? +Since there's been a post or two on futures, here's some commodity dirt: + +African swine flu in China continues, and it's estimated they've already had to kill 50% of their stock (that's 300 million pigs, and most of your moms). + +They're going to need to rebuild the population. They feed their pigs soybeans..big demand potential. + +Also, if farmers switch to soybeans, less corn will be planted...supply/demand, bitches. + +Just FYI...because the Chinese are fucking hilarious...they actually have a "strategic pork reserve"...it's a thing...google it. +Do not purchase items new if they will be used infrequently. If necessary, purchase them used, barrow them from friends, or rent. Examples: bought a toaster new and I used it once every other month. Built a sweet "gaming" computer and hardly ever turn it on because I don't have the time now. Bought an expensive wrench for one time use. Put more thought into your purchases and think about how often whatever you're buying will be used. +We see a few r/investing members getting caught in these type of scams every month, I hope this AMA serves as an important lesson and gives you insight into how this game works. + +Back in the late 90's I was your typical university student, I was already involved in the stock market, mostly airline stocks for some reason (word of advice, airline stocks are the walking dead of the stock market world, they all going bankrupt at some point! lol). + +I can't remember if it was on the Yahoo boards, but some person was asking if anybody could design a website. I was proficient with notepad and html, so I replied back to the guy that I could make him a site for a few hundred bucks. Being a student, this would go a long way in topping up my gas tank and paying for a few drinks at the bar that weekend. + +He accepted my offer and I whipped up a very simply one page site on some free hosting service, I think it was geocities (remember that?). + +The site was about mining stocks, which were all the rage in the mid 90's because of a company called [Bre-X](http://en.wikipedia.org/wiki/Bre-X). That in itself is another amazing story that we should discuss at some time. + +I got paid for the site and then got a small monthly fee to keep it updated with what ever material he would send me, usually press releases on the four to five companies on the site. I never gave it much thought, I had no interest or knowledge about mining companies. + +The next request I got from him was to start a newsletter so that people that visited the site could enter their email and we could send out email alerts rather than wait for them to come see news on the site. This was a new and great idea at time! He was not very computer savvy so he would send me the newsletter and ask me to send it out. + +The guy was a terrible writer, lots of spelling mistakes, bad punctuation and horrible grammar. I felt bad sending out his newsletters without fixing them up first, so I started editing his material. + +Before I knew it, I was writing newsletter on mining stocks, thus began my journey into the world of penny stock promotions! + +While my activities were limited to updating a website and writing or re-distributing material for clients, I did get to see how some major IR firms (investor relations firms for penny stocks are basically the promoters, I use these terms interchangeably) operate. And yes, it's worse than you thought! + +By the late 90's and early 2000 I was mostly out of the penny stock business, the tech bubble had begun and I had moved onto large caps at that point. + +Have you wondered why or how these small caps pop and drop? + +Have you ever received some mailer with information on a stock that looked too good to be true? + +I am here to answer your questions about the shady and moldy underbelly of the small cap markets! AMA! + +----------------------- + +**Stories you need to read:** + +* How a [completely legitimate company can get smacked down to zero](http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/c7kc7jh). The moral of the story is that no matter how much research you think have may have done, it will make no difference. If one big shareholder decides to dump, the whole ship is going down. + +* Manipulating chat boards, the [bucket shop](http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/c7kgpfu). Added additional paragraph, forgot to mention how they get compensated. + +* [Commonly asked questions about penny stocks](http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/c7kgbb5). + +* nathanyvr explains the process by which a [company goes public by reverse merging with a public shell](http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/c7knz8d) and proceeds to hose the investors. + +* Currently the editor at http://www.hotstockmarket.com + +---------------------- + +Rehashing this old piece for the bitcoin crowd, I have a feeling we will be seeing a lot of what I covered here. + +Watch for plenty of new small cap (penny stock) companies to be issuing bitcoin related news items to try attract attention. Same old story, new players. +I went into an interview earlier last week, not expecting to entertain an offer, but would kick myself if I didn't look. Was blown away by the offer I received compared to where I was at, even though it was salary. I put in my 3 week notice at my company and was counter offered to less than 1000 dollar difference off of the salary, paid hourly, with overtime and bonuses possible. The difference would be I would be at a beginning position at the salary job and a senior supervisor at where I am currently and a difference of 1 hour later out time from the salary position. Thoughts? + + +Edit: Thank you all for the insights, I have been discussing all this with my family as well and used quite a few insights here as well and have come to my decision of taking the new opportunity. Again, thanks for all the insight and different viewpoints and experiences! +After reading on the subject for a while, i'm still unsure as to what is the future of our oil market. Some people say that right now is the best time to "get in" because the share price are so low and because we are due for a turn around in that department while other seem to think that this market is just going down forever. I would like open a discussion base on general aspect of our future, from our need of oil to Trump who apparently wish for crude oil price to remain as low as possible. + +As for myself i had 2 company in mind, the first one being Suncor who seem very solid and the price of there share, without being at an all time low are attractive for a newbie like myself. The other one is a bit more tricky. Tourmaline (tou.to) is at an all time low but as been going down steadily to the point where i wonder when it's going to stop. + +How can oil company bounce back? i mean is it possible for them to bounce back at all or do we have to get use to the low price of their share. Is there still room for growth? +Me and my partner are debating on making our first home purchase (~350k) in the Sarnia area. Having been priced out of the GTA, Guelph, and Kitchener. + +Our concern is we’re buying at the top of a dangerous bubble. These concerns stem from rapid price increases with record low interest rates and global economic uncertainty around the pandemic. It doesn’t seem like wages are going up at a rate that supports these drastic price increases year over year. + +We’re not sure if we should get in now while we can get a great detached house in a good neighbourhood or wait and run the risk of being priced out of another market. + +Curious to read your opinions +I’m looking for any sort of place where I can read opinions and we’ll thought out posts/discussions that are longer than just : + +“5 stocks that PAY DIVIDENDS in CANADA!!🚀🚀💯” + +Considering buying a subscription to the national post if anyone finds it is worth the read +I was looking into buying a few stocks of Cineplex in anticipation of the takeover since that seemed like the only positive thing going for them. Now I'm sort of relieved that I didn't since the announcement was made yesterday. + +Thoughts on what's to come? +Has anyone who put their money with Freedom 55 actually retired by age 55? + +I recall when I started working many moons ago the company had a financial advisor that was pushing Freedom 55 (London Life now Canada Life)....I signed up but moved my money a year later cuz I was not satisfied with their performance and a friend of mine passed his financial exam and went with him. (he was slightly better I ended up moving my money once he quit). +Ok so i started my portfolio this year hoping to learn along the way. i bought a lot if stuff that i dont think i need, or is not helping me. + +I've been looking at past performance 3/5/10 years and charting my various stocks against VFV and XQQ and basically they all fall short. + +Can someone explain a scenario where i would want to be in ENB, TD, BCE rather than VFV and XQQ over the next 10 years? what events could make the indexes poor performers? + +im working towards retirement goals and eventually want to have solid dividend revenue but should i be scooping up dividend stocks now or just buying the indexes and converting them to dividend stocks when im retired? is there a case to make for paying taxes each year or paying taxes later? or should i never consider dividend stocks and only buy and sell indexes? + +ive been using this link to compare: + +https://www.dividendchannel.com/drip-returns-calculator/ +Presentations for the Brookfield Investor Day are now up (video replay will be up later): + +It was mostly business as usual, but it was news to me that BAM is going to be expanding their activities into secondary funds, tech funds ("software services that resemble utilities") and insurance. Should be an interesting few years. + +[https://bam.brookfield.com/events-and-presentations](https://bam.brookfield.com/events-and-presentations) + +Direct links to presentations: + +BAM: [https://bam.brookfield.com/\~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/BAM%20IR%202020.pdf](https://bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/BAM%20IR%202020.pdf) + +BEP: [https://bam.brookfield.com/\~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/BEP%202020%20Investor%20Day%20Presentation%20-%20Final.pdf](https://bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/BEP%202020%20Investor%20Day%20Presentation%20-%20Final.pdf) + +BIP: [https://bam.brookfield.com/\~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/5%20BIP%202020%20Investor%20Day%20Presentation%20-%20Final.pdf](https://bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/5%20BIP%202020%20Investor%20Day%20Presentation%20-%20Final.pdf) + +BPY: [https://bam.brookfield.com/\~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/3%20BPY%202020%20Investor%20Day%20Presentation%20-%20Final.pdf](https://bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/3%20BPY%202020%20Investor%20Day%20Presentation%20-%20Final.pdf) + +BBU: [https://bam.brookfield.com/\~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/4%20BBU%202020%20Investor%20Day%20Presentation%20-%20Final.pdf](https://bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/ir-day/2020/4%20BBU%202020%20Investor%20Day%20Presentation%20-%20Final.pdf) +https://www.bloomberg.com/news/articles/2021-01-02/tesla-delivers-499-550-electric-cars-in-2020-just-shy-of-target?srnd=premium + +As the title and the article says - Tesla delivered ~180k cars in q4 and were just shy of 500k delivered cars for 2020. + +Without exerting my bias, I'm wondering how you guys are interpreting this? +Hi all, I fell for a Hermes test scam and have frozen my bank card. I'm getting a new one sent to my home. I buy quite a lot of things online, I thought I was being smart by emailing the url to myself and checking it on a browser on my PC. The url and the page it brought me to looked genuine. + +Unfortunately, I have already given out my card number, sort code, account number, expiry date, security code as well as name, address and DOB (kicking myself over the last one). I checked my bank account for unknown transactions and thankfully it hasn't been emptied. I know my new card will have a new card number, expiry date and security code but should I be worried that the scammers have my name, address and DOB? For example, could they use this to impersonate me and have letters or a new bank card redirected to a different address? +My girlfriend has been renting an apartment for around ten months. When she first moved in, she paid the first months rent and deposit via debit card and set-up a standing order for all future rent payments. + +To both of our knowledge, the rent was paid every single month without issue, until the landlords suddenly contacted her by having their maintenance guy turn up at the door without notice last month and informed her they had not received any further rent payments for an entire nine months and demanded a payment of £3500. Now, my girlfriend doesn't have that sort of cash spare, and currently lives pay day to pay day. It isn't ideal, but it is what it is at the moment. When we looked at her statements, the payments had left her account every month. This is where it gets interesting. + +We explained to the landlords that it has been paid every single month, but we would look into it. I took it in my own hands to contact them at this point as my girlfriend became extremely worried and quite upset at the situation. My first question to the landlords was, if a payment hadn't been received from the first month, why didn't they make contact as soon as they hadn't received the first payment? The woman on the phone simply could not answer the question and said that wasn't anything to do with her and couldn't comment, although she is the 'accountant', apparently. I took their account details and did a bit of investigating. It turns out her account had been fraudulently accessed and the standing order details changed. This didn't come as a huge surprise as I have been dealing with other fraudulent activity on her accounts as she has been targeted by her family a lot, and has been a big headache to sort with the banks. Long story short, her brother confessed to making the changes in her account, not understanding the severe consequences of his actions. + +The problem we now have is that my girlfriend has basically had all her rent money stolen, but the landlords took nine months to even notice they weren't receiving payments are now demanding £3500, even though I have explained the situation to them. Unfortunately, they have stopped playing nice and caused other issues by not communicating to us. My girlfriend has made the decision to move out and got somewhere new for peace of mind and to simply get away as we don't trust them in the slightest. + +The question I ask is, where does my girlfriend stand legally? Can the landlord notify her for the first time after nine months and demand the arrears be paid just like that? She asked for statement of arrears as she was advised elsewhere, but they refused, or simply couldn't supply one because it doesn't exist. The people we are dealing with are a property management company on behalf of the landlords, and seem to be very unorganised and unprofessional to say the least. + +I appreciate any help and will answer any questions for more info the best I can. + +EDIT: Thanks guys. Sorry I have not had much time to respond to the a lot of the answers but they have helped greatly! One piece of advice I will give to everyone, which I practice myself. Different passwords for EVERYTHING! Or things like this happen! +Throwaway for obvious reasons but I could use some advice. Basically my situation is this, I invested in Bitcoin in 2011, my strategy has always been to sell some then hold the rest for future price increases (or bubbles), rinse and repeat. + +I now have a portfolio of crypto (Bitcoin in the minority) which is currently worth 1 million AUD. Bitcoin is such a shit show these days that most of the coins I have now have been purchased in the last 12 months. I have already sold enough this financial year that I'm in the top tax bracket and have nothing left to sell that will qualify for 50% capital gains reduction till about April. I've got about 350K in cash and own a unit with no debt. + +So the issue is this market is pretty crazy right now and there's lots of irrational exuberance. The valuations of some coins are pretty insane. I'm not comfortable holding so much money in crypto even though I believe in it, but on the other hand I can't sell any with out losing 47% to tax (I have zero interest in trying to hide the profits from the ATO and will pay any tax I owe), so it's a bit of a dilemma. + +What would you do in my situation? I know this post will probably rub people up the wrong way as it will appear like a humble brag but I could use some input from you wise folk. + +Hey, + +Situation as follows: Self employed 21 year old - turned over approx 100k in previous year with net of 10k or so. Paypal offered working capital loan of 11k (repay 11950 or something along those lines) by taking 30% of subsequent sales until repayment. There was a clause that 10% has to be repaid every 90 days. I paid approx £200 in the 4 days leading up to the account ban. + +Fast forward 4 days after taking out the paypal working capital loan, and a 'business decision' was made to permanently limit my account due to the 'risk' of my business and the items I sell. I sell used, branded clothing. Apparently this is a risky area for paypal and despite providing all the documents they required, invoices etc etc its a computer says no. Have tried appealing etc but getting nowhere. + +Now, to me this constitutes irresponsible lending. To lend a 21 year old self employed person with absolutely no credit check involved 11k and then ban my account 4 days later... there is now absolutely no way for me to pay this back. I've also been in and out of hospital with heart failure and i'm unable to work (awaiting operation) so now i'm extremely anxious surrounding this debt. + +The 11k has already been spent on stock, website, marketing etc. This loan was a big break for me as a self employed person, enabled me to purchase huge volumes of stock (none returnable) and pay for storage facilities amongst other things. My whole business relied on paypal and now the account is suspended I have no income and a debt hanging over me. What do I do? + +I'm looking into benefits as we speak +Hi all. I’m an artist (oh no) and work part time as a designer/animator. I live in London. + +I don’t think I’ll ever buy a house in my lifetime with my own savings. The best bet I have for ownership are my parents leaving their home for me (I am their only child and we have spoken about this topic). + +I’m curious as to what I should do with the small amount I save. I earn about £1500/month. My rent is £500. + +I’m wondering what I should do - focus on LISA or ISA - even if I have no intention of buying? + +I have an emergency fund. + +The idea of desperately saving and eating beans to try to afford a house seems ludicrous to me. I just want to live life. + +Really interested to know how to not be an idiot tho. 25 year old btw. +$800 for a digital coin is absurd beyond all tenable logic + +let's see..... very few retailers accept it + +converting bitcoins to dollars involves a substantial currency/friction risk + +market is very illiquid unlike forex which contributes to the market friction + +no one gets paid in bitcoins. so even if major retailers accept bitcoin only .00001% of the population will have any to spend with + +spending fiat to buy bitcoins so you can shop with bitcoin is redundant + +obvious bubble. parabolic chart doomed to crash + +not even anonymous. the feds are all over bitcoin now + +cumbersome, hard to use for non-tech people, 14 minute delay between transactions + +no consumer protection. perfect for scammers + +most of the usage here http://blockchain.info/charts/n-transactions is from satoshi dice, wallet transfers, etc and relativity few actual productive commerce + +environmental waste from the inordinate power required to mine bitcoins + + +edit..wow didn't expect post to go viral + +edit 2. dropping fast +As the title said, BABA discovered a security flaw in Apeche Log4J and reported to the software developer (vendor). The CCP is pissed off because it wants to know about the flaw first. + +As the result, CCP pulled support for BABA cloud services for 6 months. + +The real reason: CCP wants to know about the flaw first so it can take advantage of the security hole. What a bunch of crooks. + +Edit: Source https://www.msn.com/en-xl/news/other/apache-log4j-bug-china-s-industry-ministry-pulls-support-from-alibaba-cloud-for-not-reporting-flaw-to-government-first/ar-AAS2Rht +So my partner is moving in with me. He's actually been in the house with me almost full time (at least 5-6 nights a week including doing all his washing here) for about 7-8 months. This is making it official and bringing in all his stuff. + +Because my parents died young a couple of years ago, I own my house outright (inheritance & they had life insurance). I'm not sure what the usual situation is and I don't want either of us getting screwed over. We'd like a few different opinions to try and work out something fair. + +* Money is tight for both of us + * I (27F) have a little in savings for emergencies on the house, but aside from that I life of a £750/month student stipend at the moment. I have no debt. + * He (27M) has a decent job but a lot of debt (post-grad debt, as well as student finance). He should be debt free (aside from student finance) in 1-2 years depending on how aggressively he pays it off and how his job progression goes. He's currently in a house share with family members where he pays £300 including bills so he's not got a lot of outgoings (I'm estimating it's probably £120 bills/council tax/etc and £180 rent but idk for sure). +* We will be splitting all shared bill (utilities, internet, netflix) (approx £80 a month each though we're trying to reduce this to maybe £70/per month) +* I will continue paying things like ground rent, management fee and insurance on the house. (approx £70 per month) +* I don't pay council tax so he will be paying the 75% of council tax for sole occupancy (approx £85/month) + +I'd like for him to pay some rent for the following reasons: + +* establish a tenancy to avoid him having any claim on the property +* Pay for increased wear and tear on the house and things like washing machines, fridge etc. Everything is getting used at least twice as much. I don't want him to pitch in for any repairs, instead I'd like to have the rent pot to use for anything that needs fixing. Obviously this isn't a huge amount that's cause by him but I'm also scared of getting screwed over. + +&#x200B; + +I'm thinking £40/month in rent. Is this ridiculous? We're both massively out of our depth in trying to work out something sensible. I have no one else more experienced to ask (no family). + +&#x200B; + +&#x200B; + +Edit: Am I really that much of a sucker for being unwilling to make a huge profit of my partner? I lived here alone without any thought of renting out part of the property before I met him. Doing so now at market rate seems ridiculously profiteering. I'm trying to avoid a ***loss*** to myself, not make a huge profit. + +&#x200B; + +Edit 2: Thanks for everyone's input. I wasn't expecting this thread to get nearly this much traction. It's been interesting and has given us lots to think about. I forgot to add "!thanks" to replies that were helpful/interesting so will do so now but then I'll take a break from this thread to discuss this with my partner this afternoon. I'll check back later tonight though! +Cryptocurrency shouldn't be about HODL!!!1!, it should be about tech. If people want it to actually take off, you need to spend it to create a stable currency. This shouldn't be looked at as an investment, it should be looked at as the future that happens to be an investment. Which goes back to not buying more than you can lose. +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. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1539961709796167682) .@The_DTCC stands for The Depository Trust and Clearing Corporation. If you're not protecting retail from abusive naked shorting, what does the "Trust" stand for? If Failures to Deliver rise to record levels for #GME $GME, what are you "Clearing?" +We can still Deposit, right? + + + +/u/elegant-remote6667 +Do you agree or disagree with Bill Gates? Has anyone here changed their spending habits as an adult? + +https://www.reddit.com/r/IAmA/comments/49jkhn/im_bill_gates_cochair_of_the_bill_melinda_gates/d0s9ike +Do you agree or disagree with Bill Gates? Has anyone here changed their spending habits as an adult? + +https://www.reddit.com/r/IAmA/comments/49jkhn/im_bill_gates_cochair_of_the_bill_melinda_gates/d0s9ike +And I don't mean the charismatic and messianic type when I say the best. I mean the one who have a substantial record of accomplishments and his vision is being proved right. For me that one now is Jensen Huang from Nvidia. +When I say the one who should go away, he can have the best record, but he no longer fits in the company or has underperformed substantially recently. I will be controversial and say that one is Warren Edward Buffet from Berkshire. +Hello reddit. I’m sorry if this is not the correct subreddit for this question-I will delete and repost elsewhere if someone can guide me in the right direction. + +As the title says, but probably does a poor job explaining, I am trying to enroll in an insurance plan through my employer. I was hired back in late April and have been under the impression that I would need to wait after the 90 days probationary period in order to qualify for benefits (Medical Coverage) + +I have reached out to my Human Resources department about enrollment and the HR Manager informed me that I have been eligible for benefits as of 7/1 (although she was under the impression it would have been 8/1). Apparently, if I would like to enroll in the insurance benefits now, I would need to retroactively pay the premiums from July and August. + +I have not chosen a plan and have not been given the opportunity to do so until I’ve reached out to HR about this the other day. + +The premium is $150/mo, so that’s $300 I’d be paying, on top of this month’s premium, for insurance that I never had or utilized. + + +Is this legal or a legit demand? I never had the insurance to begin with, never chose a plan, was never given an insurance card or even a notice of becoming eligible; nothing. + + +Any suggestions on how to move forward would be so appreciated. Thank you all so much. +I don’t mind new traders asking for advice but nearly every trading sub is seeing an increase in these posts. + +It’s all I see now when I scroll down my feed now and a lot of advice posts are asking very broad questions. “What makes a good trader?,” “where should a new trader start?,” etc. + +Yeah, these are common questions in every trading sub but I’ve never seen each sub get swarmed all at once with an increase in advice posts. + +Just odd and even odder considering the timing. + +Have a good night/day everyone! +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +**Edit: This is about using the transferred securities as collateral for any other borrowing (margin) activities or even to make their balance sheets look good. The fact that the pledgee (borrower) no longer has the securities moved to their account means they cannot use it again as collateral - i.e. rehypothecation. This. Is. Huge. and. Tits. Are. Jacked.** + +Edit2: If DTC marks the shares with a "system notation", it is possible that the new share ownership - generated during a short sale - can then be bought and sold as a normal share but has the condition of "cannot be used as collateral". This would mean no rehypothecation and thus a company cannot be shorted over 100% (like a lien on a house) + +# Synopsis + +As most apes know, short selling is done by borrowing a stock and selling it right away. The stock is then bought back later (hopefully at a lower price) and they return the share and pocket the difference. + +Before this rule change, a share being borrowed would be moved from the lender’s account to the borrower’s account. This was to make sure the lender didn’t lend out the share again. But it didn’t say anything about the borrower! + +This rule change says that the share now stays in the lender’s account and is marked as borrowed by the borrower, and it is part of a legal agreement. + +# What's Changed? + +All the actual changes can be seen in Exhibit 5 on Pages 111-115, and you’ll see that the language for the Guide and the Agreement goes from moving the security to the pledgee’s (borrower’s) account to simply making a system notation. **This is a huge change, regardless of how DTC was tracking it.** + +The Pledgee’s (Borrower’s) Agreement used to say: + +>When pledging securities to a pledgee, the pledgor’s position is **moved from the pledgor’s general free account to the pledgee’s account** which prevents the pledged position from being used to complete other transactions. + +This was to prevent fuckery by the pledgor (lender), but adding it to the pledgee’s (borrower’s) account allows for rehypothecation. Instead the change to the Pledgee’s Agreement now says: + +>When Pledging securities to a Pledgee, the Pledgor’s position continues to be credited to the Pledgor’s account, however with a system notation showing the status of the position as Pledged by the Pledgor to the Pledgee. **This status systemically prevents the Pledged position from being used to complete other transactions.** + +This now covers both pledgor (lender) and pledgee (borrower) from rehypothecation of the share. + +# Example for a 5 year old + +When your brother Johnny borrows your bike and gives you a cookie for your trouble, you and Johnny used to just "remember" that it's your bike and then Johnny could say that it's his bike (even though Mom and Dad said they took a note that it's your bike). That meant that Johnny could lend out your bike to someone else and get a cookie. + +This rule puts a sign on your bike when Jonny borrows it saying "This is a borrowed bike" so that no one else can borrow it. + +(Johnny is a trifling hedgefuck in this example) + +# Misleading “It’s just a technicality” Statement + +There is a misleading statement in the filing (Page 15) + +>DTC believes there is a general misunderstanding of the purpose of this proposed rule change. For the sake of clarity, and as more fully described above, this proposed rule change will not alter DTC’s current practices…This is the existing practice today and will not change. Rather, the proposed change will clarify the text of the Settlement Guide to better reflect the current practice. + +The filing updates both the Settlement Guide **and the Pledgee’s Agreement!** + +[Description section of the SEC Filing Form 19b-4](https://preview.redd.it/3ojxg4f7ii571.png?width=604&format=png&auto=webp&s=98bbba65cb1f48e7df85f71ab4d5e45a664f7a95) + +# How Does It Affect Apes? + +It is apparent that any future short positions taken will no longer allow reyhypothecation, but there are some things to consider: + +1. Are the Pledgee's Agreement changes applied to already-signed agreements? If not, will they issue an agreement to re-sign? +2. How is a stock impacted at the end of an FTD cycle +3. How are options practices affected? + +The changes in this filing pertain to the DTC's “Collateral Loan Program" and I'm hoping someone else can help answer how #2 and #3 are impacted (if at all) by this change. + +TL;DA No more rehypothecation fuckiness. + +**🦍** **🦍** **🦍** **🦍** **🦍 + 💎✋ = 🚀🚀🚀🚀🚀**🌕 + +&#x200B; +Jake Paul has followed Yummy on Instagram, and Twitter. + +Jake Paul has joined the Yummy Team, and Yummy Team has donated $300,000 to Binance Charity. Both of these statements can be verified on Jake Paul's twitter, and Binance twitter. + +Yummy coin is on a mission to end world hunger. Each time Yummy coin is traded, a charity is receiving donations. Yummy coin sets out to transform the crypto industry by giving back while creating a coin that benefits charity and it's holders. A win-win for everyone. Sound Yummy enough? + +🔥10,000 Holders in 12days 🔥 + +🔥 Post made by Binance Charity from official Twitter for $325,000 🔥 + +\*A 100% fair launch token on Binance Smart Chain $12M marketcap, with highs of $18M\* + +Yummy coin is on a mission to end world hunger. Each time Yummy coin is traded, a charity is receiving donations. Yummy coin sets out to transform the crypto industry by giving back while creating a coin that benefits charity and it's holders. A win-win for everyone. Sound Yummy enough? + +We’re the first deflationary token on Binance Smart Chain that automatically swaps our charity wallet funds (3% of each transaction) into BNB, so you never have to worry about coin dumps from our charity funds. + +Website: yummycrypto.com +Jake Paul has followed Yummy on Instagram, and Twitter. + +Jake Paul has joined the Yummy Team, and Yummy Team has donated $300,000 to Binance Charity. Both of these statements can be verified on Jake Paul's twitter, and Binance twitter. + +Yummy coin is on a mission to end world hunger. Each time Yummy coin is traded, a charity is receiving donations. Yummy coin sets out to transform the crypto industry by giving back while creating a coin that benefits charity and it's holders. A win-win for everyone. Sound Yummy enough? + +🔥10,000 Holders in 12days 🔥 + +🔥 Post made by Binance Charity from official Twitter for $325,000 🔥 + +\*A 100% fair launch token on Binance Smart Chain $12M marketcap, with highs of $18M\* + +Yummy coin is on a mission to end world hunger. Each time Yummy coin is traded, a charity is receiving donations. Yummy coin sets out to transform the crypto industry by giving back while creating a coin that benefits charity and it's holders. A win-win for everyone. Sound Yummy enough? + +We’re the first deflationary token on Binance Smart Chain that automatically swaps our charity wallet funds (3% of each transaction) into BNB, so you never have to worry about coin dumps from our charity funds. + +Website: yummycrypto.com +Hi everyone! I'm not saying this will help everyone, but in the last few months I've saved a fortune on our monthly outgoings by spending a few hours just going over our outgoings. I'm hoping what I did might help someone else out there! + + +Note that this is for a family, not a single person, but the methods should help everyone where applicable. + + +**1. BROADBAND** + +We got a letter from our ISP that our internet bill was going up in October. I called them and asked a few simple questions; why is it going up, when does my contract end, is the package still relevant to me? A 15 minute call got me £15 per month knocked off my internet and upgraded to the next tier! Note that we had to sign up for an additional 12 months so be aware if you don't want to be locked in. + +**2. GAS AND ELECTRIC** + +We made the dreaded mistake of being on the standard tariff. We called up and asked their best fixed price. We then asked what our average gas and electricity usage was. I put this into a comparison website and saw automatically massive savings. We choose the best one that suited us and saved £40 a month! + +**3. MOBILE PHONE** + +If you’re not interested in getting a new phone (I always buy mine up front), then just give your service provider a call when your contract is up for renewal. You’re effectively on a SIM-only deal now, so you should be paying SIM-only prices. For example, I’ve seen deals less than £12 which give you unlimited minutes, messages and around 10GB of data. You should be paying around that! Then, just wait for your phone to go down in price a few months later. This saved us £22 a month. + +**4 INSURANCE** + +This one was a long shot, but it's always worth the phone call. I called my car insurance to make a change and just by chance it made my insurance for the year £40 cheaper. Because I was nice to the person, they just made the change on the phone with no admin fee. As I paid my insurance up front, it was an up-front £40 in my bank! + +**5. CUT THE CABLE** + +This might not sound great to others, but it was the best decision we ever made. We were paying over £35 for Sky, but we weren’t watching any of it. We’ve cancelled Sky and moved to Netflix and NowTV (which is part of Sky FYI) and have everything we need for less than half the price! Another £22 in my pocket every month. + +**6. GROCERY SHOP ONLINE** + +We do all of our grocery shopping online. This stops us from splurging on things we don’t need. It’s not to say we don’t enjoy ourselves – we always buy what we want. But I’m not indulged to pick up a snack just because it’s in front of me. Yes, there’s an up front cost, but we’re saving over £15 on “crap” a week - £60 a month! + + +**7. MORTGAGE** + + +I know not everyone has a mortgage, but make sure you get the best rate when your mortgage is up for renewal. We saved £30 a month earlier this month for the next 5 years and got £200 cashback! + + +These 6 things along saved us just over £200.00 a month (plus £240 up front!) – money in our pocket which we can use for other things! + +1. You have to help yourself. Nobody Cares. +This is hard to learn but once you do it can help you overcome anything. You are all you have. You have to invest in yourself and fix your crap first. What ever damage has been done to you you have to decide that is not going to define you and willing to do what it takes to get there. + + +2. Education is key - not just books and degrees but on everything. Read and learn everything you can. Even if you think school isn't your thing then educate yourself on other ways to get ahead. + +3. Never turn down an opportunity unless it is dangerous/illegal +When opportunity knocks we have to answer and proceed without fear. + +4. Know your skills and use those the best you can. This ties into #2 learn how to use what you know to get ahead. + +5. Embrace the Suck. Take pride in the fact that you have made it with little that means you know how to sacrifice to get ahead and also you know what real problems are. As you start rising out of poverty you will see those hard times have given you more insight, perspective and toughness. + +6. Don't feel guilty. There should be no guilt in leaving poverty behind. + +7. You can't save everyone. Focus on securing yourself. Help other but focus on those that are fighters. You can't help anyone who doesn't want it. + +8. Never stop. Never accept being poor. No it is a state of being not a way of life. + +9. Keep your nose clean. Try to stay out of the judicial system. This is a huge cause of generational poverty. + +10. Make friends who aren't poor. These will lead to contacts and opportunities. See#3 + + +I hope this helps someone. I was born in the the ghetto. But my folks gave me the gift of education. I was the first one to graduate college. Even when my dad died my first year and i got married and had a kid during college. So i was on food stamps and WIC. But i didn't succumb I finished my degree in it and all though I have had setbacks. Divorce, foreclosure, brother die of aids etc i have never quit. In a couple weeks i start a 250k+ a year job. I live in another country have a loving family around and am living better than I could imagine. No one gave me anything but an opportunity. I hope this can help some do the same. + +Edit: didn't mean this to come off as insensitive. Just the opposite. I know there are factors that keep people down. I am a POC lived in poverty and in the people that made it out I saw the same things. But some of you are very right. If you are disabled or have mental health conditions it almost impossible to succeed in the USA. It's a reason I left. I am one hospitalization from being poor again. Never do i think i am better than anyone else. My grandmother was a maid and nanny for a living and was the absolute best person I have ever met. Will everyone make it out no. But if you are lucky enough to be relatively sane and healthy there is some hope. That's what this was about more than anything hope. +The saying (not originally in English) went, "you shouldn't have a bottomless pot. If you want to build wealth, your pot shouldn't have a hole. Fill your small pot with water, hide it, and if someone (your family or relative) desperately needs money, soberly assess their mindset with regards to finance, and then give them just a scoop of water." + +&#x200B; + +Another tip he gave was + +"If you have too many needy relatives, tonight, call all the relatives you know, and ask them to lend money. Say that you're in urgent need of money, your business is going to bankrupt two days later. Ask them to provide a guarantee if not money. And call them again tomorrow. Most of them will say they don't have money. Then say that "I'm so sorry to bother you," and cry. After that, 9 out of 10 will never call you back ever again." + +I thought it was too extreme but now I think he was probably right. +I am an independent contractor. This is only my second year filing as one. But first year not having some sort of taxes with held from a W2 job. + +I made $38k in 2018. I did not pay quarterly because my checks were coming in too slow so I didn't have the money to pay until January. Which is when I went to my CPA with everything I had, 1099s, expenses, per diem and all the states I worked in. That is when I found out my CPA is out sick and will not be returning to work any time soon. I got a assigned a new CPA in the same office. He told me I should owe about 6k and that he would do up all the paper work and contact me with the final number. + +I've been calling the office to get an update every two weeks or so since January and every time they either don't call back or say I need to give them more info. I've given them everything they have asked for promptly. Today I called and finally got the accountant on the phone and he said they filled an extension on my behalf. I asked if that would cause me to pay fees and interest. He said "no only if you owe them money, you are getting a refund". I reminded him I owe money. He was like "oh yeah you owe 13k. Good thing we filled this exstention or you. We saved you money becuase you would owe more for not paying" I asked him at least 6 times why I wasnt notified about any of this and he finally said "we don't need your permission to file an extension." When I asked him what to do now, he said "well I'm not really concerned with filing for the states any more." (I worked in 20 different states). And he told me I should pay something like $6,010 today since that's what I think I owe. (That's actually what the last accountant told me I would owe). He said "add the $10 so it doesn't look like we picked the number from random." + +To make things 110% more interesting this office supposedly filed exstentions for every single one of their clients and did zero peoples taxes. AND the CPA is on vacation starting tomorrow! So he "can't deal with this" until after easter. + +What do I do? I'm so upset and confused. I don't know anything about taxes. I'm just starting out and hired this CPA trusting that they would make sure I file everything and pay the correct amount. I also don't see how I actually owe 35% of my income. My boyfriend is going through all of the same shit with this guy. He made 50k in 2018 and they guy said he owes 10k. Please, any information helps. + +location: CPA is in Orlando. In 2018 I was based in Orlando but moved to Nashville this week. + +Edit: I'm sorry if I don't reply to comments. I keep getting the "something went wrong" thing when trying to reply. +I've been looking for a property for 6 months now and I'm close to purchasing one, I thought I would share the sites that I have found useful when searching for the best deal. + +I've had offers on 3 properties and been outbid, I've used a mortgage adviser which has been a huge help. I'm a first time buyer on 17k a year and have a 20k deposit. Feel free to ask any questions too as I've spoke to a lot of different people and have been through the process. + +Probably the best for setting up keyword searches of the major sites, simple, broad search interface. +https://homes.trovit.co.uk + +Travel time search has been really helpful rather than radius search. +https://www.zoopla.co.uk/travel-time/ + +I found this a bit better than the government interface for checking house prices. +https://nethouseprices.com + +This is great for searching the descriptions effectively. I was using this and CTRL+F to find the word I wanted on the page as it was returning both words separately. +http://www.propertykeyword.com + +I have daily email alerts set up on trovit, onthemarket and zoopla as well which have been great. +Throwaway account, even though I’ve never posted here from my main account. + +I recently had a financial meeting with my parents, and their advisor, and found out that I have a trust that is currently worth $10 million. Obviously this will continue to grow overtime in the advisor expects at least a 5% annual return. + +My parents started gifting my sister, myself and our spouses $25,000 annually starting last year. One thing my parents and the advisor recommended was that my sister and I start to put our gifts into a separate checking account where we are the only name on the account and also open up a personal brokerage account. This way it is safe just in case of divorce. + +We both discussed with our spouses that this was recommended they were not happy at all. Does it make sense to keep my assets/gifts separate? There was also talk of intra-family loans in other ways to gift us the inheritance (growth) before my parents death. + +My sister and I have both been with our spouses for more than 15 years and we are both in our mid to late 30s with kids. + +Any thoughts and advice would be greatly appreciated! + +Edit: my wife has always made about twice as much money as I do. So now she is worried that if we get divorced I will come for her assets while keeping my millions because they are safe in a different account. + +Edit 2: I really appreciate all of you that have commented already. None of this is my point of view, which is why I am seeking advice. I just wanted to see different points of view if they even existed. + +Edit 3: it seems like it wasn’t made clear the exact reason of the separate accounts. The 25k checks aren’t important to keep separate because it’s such a small percentage of the estate. But my parents and their advisor wanted to start a pattern of behavior because family loans will come into play eventually in the 7 to 8 figure range and they want that to be separate. I thought I made that clear in my original post, but it must’ve gotten glossed over. +I’m 61yo, NW 4mm, zero debt. Currently a realtor, and investor. Here is my question. If I decide to retire, I fear that I might lose relevance and my network of contacts. It happened with CF. I was a CF competitor and Coach for 10 years, hurt my back and the network eventually disappeared. Any tips for staying attached once we enter into retirement. Traveling the world sounds great but it’s nice to have friends. +Hi guys. My offer for a property has just been accepted and i am in the process of buying. This is my first real estate purchase. What are things i should be aware of or mistakes i should avoid? +I am seeing a lot of Q's on this sub regarding Bonds, and their (relatively poor) YTD performance. + +Bond returns (i.e. capital appreciation) are inversely proportional to yields. As yields rise, the value of older issues decreases relative to the newly issued bonds with their fat juicy yields. A consequence of this is that Bond ETFs which hold previously issued fixed income securities tend to decline in value. If you're seeing red, the reason is that [bond yields are rising](https://www.bankofcanada.ca/rates/interest-rates/lookup-bond-yields/?lookupPage=lookup_bond_yields.php&startRange=2012-03-11&dFrom=&dTo=&rangeType=range&rangeValue=1&rangeWeeklyValue=1&rangeMonthlyValue=20&series%5B%5D=LOOKUPS_V122543&submit_button=Submit). + +So what does this mean for the Canadian Investor? Well yields could go either up or down, like stocks. Nobody knows for certain, but what we saw last week was the first rate hike in what is likely the start of a tightening cycle. As the benchmark overnight rate continues to rise, so too will the benchmark yields on Government of Canada bonds. The good news is that even older issues or a declining bond ETF will still yield a return in the form of coupon payments (dividends for ETF shareholders). + +A primary reason that investors choose to hold bonds is not the expected return (which is usually lower than stocks), rather the \*\*expected variance\*\*. Variance (also known as volatility), is measured as one standard deviation from the mean (in either direction). Keep in mind that the current drawdown is pretty tame, and that in historical downturns bonds have over-performed. + +TL;DR: If you're in it for the long run it shouldn't matter: your bonds are doing their job by providing a yield, and reducing your portfolio volatility. +I have recently discovered these two companies and after spending some time researching both companies, I'm planning on purchasing a sizable position towards the end of the week as I see both companies picking up steam (through acquisitions and more visible in the media). Trump also signed an executive order yesterday stating that anyone with medicare can use telehealth services which I think is a step in the right direction for companies such as Cloud MD and Well Health. I'm sure someone here has more knowledge on this field than me so I'm wondering what do you all think about these two stocks and the long term opportunities? +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. +Some really juicy values in the energy sector right now, names I'm looking at: + +[VET.TO](https://VET.TO) \- Gotta think this dividend will be cut in the near future, but nice ROE in this envronment. A little more debt than I would like but still a solid company + +[ARX.TO](https://ARX.TO) \- Will probably be cutting dividend soon, but looking like great value on cash flow metrics + +[HSE.TO](https://HSE.TO) \- Looks insanely cheap, just a cash generating machine for this price + +[CNQ.TO](https://CNQ.TO) \- Another company looking cheap, should be stable going forward + +[IMO.TO](https://IMO.TO) \- Feels like I never hear them talked about but again looks cheap + +[SU.TO](https://SU.TO) \- Shareholder friendly company, like having some downstream exposure too + +[TOU.TO](https://TOU.TO) \- Really like their financials and management team + +&#x200B; + +Obviously those are some pretty brief comments but there is clearly value here. The broader questions remains though that with the current state of the energy industry, and in particular Canada's energy industry, it is really tough to see any positive catalysts, seems like there is always negative news and these companies have just been getting hammered. +Decisions, decisions…. We all make decisions in life, from what we will wear in the morning, what we will eat today and who we will marry. It is wild that some of these decisions especially who we will marry may take months, or even years to decide…..and yet when it comes to YOLO on a stock/option with 10-20,000 or even a life savings that some of us will just pull the trigger without any DD. Yes, SPRT did go from under 10 Monday to 60 Friday, but how many of us are going to catch that at the right time? Everyone wants the next SPRT…. There does seem to be a short squeeze a play on BBIG, ATER, ROOT but be careful! I get asked this quite a lot especially this week after SPRT. There are people saying they want to bet big! + +I am not saying do not buy the stock/option I am saying maybe we should do some research or place small bets. I too, in this market are playing them more often, however I am using 1-2% of my account to trade them. It can turn your 10,000 into 50,000 in a week, but how will you feel if you have 5,000? I can name 10 grenades past 2 weeks that shot up to the moon and did a crash landing on earth. So please be careful in what we decide. + +I still trade a lot of defensive plays but I am mixing in some of these grenades… I am willing to take a loss on them if I must. I have 2 grenades PMCB, NAOV that I am down slightly on.. No options. + +Also, it is important not to convince ourselves that this is a fundamental move. Yes, their could be actual news, and usually actually news starts a rise, however this market is extreme, buyers/sellers pile on more than ever on good and bad news.. This doesn’t mean your stock now has the cure for covid, cancer, is going to win a huge contract. + +I would say to have an idea of the profit you have in mind 10-20% and take some off the table when you are up, because you don’t want to be a bag holder when the cure for cancer fails. + +Good luck everyone. +I am curious as to what people are spending their money on and what they feel they get the greatest satisfaction from. There seems to be a recurring theme of lots a travel and I am hoping to do a lot more of that myself soon. But that is not what I am asking about. + +What I am curious to know is what are the recurring entertainment items you are spending money on and what do you enjoy the most. Examples include: country clubs, other memberships, playing sports like golf or tennis that have clubs, subscriptions, season tickets, associations, lessons, dining out, etc. What have you found gives you the most bang for your buck?? +The best thing u/deepfuckingvalue can do at the Senate hearing on Thursday is to tell them to require Gamestop to call in all shares immediately if they really want to know what happened with GME. Turn over the cards and let's see who is really holding what. 🦍💎🙌 +I've been running the numbers on military compensation and it seems really insane. + +An O-3E with 20 years makes $7,026 per month, plus housing and various other (tax-free) allowances. Depending on where you live, this is easily over $100k a year. + +Following that, you get a pension for 50% of base pay after 20 years of service. For an O-3E this is ~$42,000 per year, for life. To do the same with a 4% withdrawal strategy, you would need $1,050,000 in assets at age 40. + +And on top of all of this, the majority of military income is expendable, so even more money could be made in those 20 years through real estate and aggressive investing. On top of your pension, you could easily have another $1M or more in various savings and investments. + +All in all, I'm finding it really hard to see a better path to FI than simply joining the military. Are any civilians out there willing to try and change my mind? +I'm signed up for this class next semester. It's not a requirement but I feel like I'd be doing myself a disservice not taking it. What should I expect (besides the worst). This course seems to have a bad rep as being super difficult and time consuming... should I be afraid? Anything I can do to prepare? Can anyone tell me what the hell it is? +So I figured this would be the best place to ask for advice on this. I'm not exactly into economics, but my significant other is. And for him, I feel like I should make an effort and understand economics as something more than "math voodoo." When he talks to me about econ, I would like to, you know, understand what's going on. Any recommendations as to what book/website/anything I should start with? I tried the wiki article on economics and it's.... dense. + +EDIT: So these are the things that come up repeatedly when we talk about econ: governments suck at managing/making economic policies, free trade is a good thing, saving is bad [me: wtf....], and econometrics is really crazy hard [me: I have no idea what econometrics is other than math and what it's supposed to be doing]. I don't know what that means, but he also mentioned a guy that said something about "In the long run, we'll all be dead" and thinks that guy is stupid. Keynes I think???? X_X + +I really appreciate all the help and advice you've all been giving. Econ has always been this.... impenetrable fog of voodoo and pain. He's an undergrad and, from what it feels like, he has this... intuitive grasp that I don't have. So when he tries to explain it to me..... >.< +So I figured this would be the best place to ask for advice on this. I'm not exactly into economics, but my significant other is. And for him, I feel like I should make an effort and understand economics as something more than "math voodoo." When he talks to me about econ, I would like to, you know, understand what's going on. Any recommendations as to what book/website/anything I should start with? I tried the wiki article on economics and it's.... dense. + +EDIT: So these are the things that come up repeatedly when we talk about econ: governments suck at managing/making economic policies, free trade is a good thing, saving is bad [me: wtf....], and econometrics is really crazy hard [me: I have no idea what econometrics is other than math and what it's supposed to be doing]. I don't know what that means, but he also mentioned a guy that said something about "In the long run, we'll all be dead" and thinks that guy is stupid. Keynes I think???? X_X + +I really appreciate all the help and advice you've all been giving. Econ has always been this.... impenetrable fog of voodoo and pain. He's an undergrad and, from what it feels like, he has this... intuitive grasp that I don't have. So when he tries to explain it to me..... >.< +My mother (64yo) appears to be approaching or already have Alzheimer's, dementia, or some other mental issue reducing her ability to manage her day to day life and keep herself safe (she can’t remember if the grocery store is a right or left out of her driveway anymore). + +1) are there any resources available for me and my sister to start researching in-home care or nursing-homes to help manage her day to day? Or are there other options? + +2) She is clearly unable to manage her financial life (and safety). Are there are any resources out there to support the financial management and safety of someone in her condition? + +Thanks. + +(Carolinas if locality matters) +Hey fellas, just wanted to know what your thoughts on this are, do you think Shopify and Walmart stocks are a good buy rn? + +https://www.forbes.com/sites/christopherwalton/2020/06/15/walmarts-new-shopify-partnership-is-another-stroke-of-digital-genius/#5634f5643025 +**TL;DR** - Calculate your daily net income after all expenses (This can be depressing, but is an interesting way to look at things). A $10 fast-food lunch compared to this number is eye-opening. + +I personally find it a lot more convenient and enjoyable to eat out during lunch and do it a couple times per week. Usually I'll spend $8-12 depending where I go. I don't think much of it because my income per day is a lot more than that. For example, "Oh, my gross income per day is $240, 10 bucks is no big deal." + +However, rather than using gross income per day, you should consider comparing it to your daily net income after all taxes and all expenses. You will need to do a little math to find this number and it all starts with a complete budget. Considering ALL expenses such as rent, student loans, taxes, utilities, groceries, TV, phone, car, internet, etc. I figured out my daily net income was about $40. So, if i go out to lunch, I just wasted 20-30% of my income for the day! This motivates me even more to buy food at the grocery store, make a nice meal for dinner, and eat the leftovers for lunch the next day. + +Even after considering at this, I will continue to eat out. I like to get away from work during the day and I consider food/restaurants to be one of my main "entertainment" expenses. I am not a big spender, so restaurants are one of the few things I treat myself to. However, I will probably start to watch my spending more closely and hopefully this post helps a few people out! + +The LCID merger has been completed and the ticker change will be happening Monday 7/26. So lets start up with the background on the company. + +Leadership: Peter Rawlinson: Current CEO/CTO - Peter has over 30 years of automotive experience. Prior to Lucid, Peter was Vice President of Vehicle Engineering at Tesla and Chief Engineer of the Model S, where he led the engineering of the Model S. + +Derek Jenkins: Senior Vice President of Design and Brand - Before joining Lucid, Derek was the Director of Design at Mazda North America Operations where he oversaw all design developments locally and globally. He also spent nine years as the Chief Designer for Volkswagen North America, and eight years with Audi, serving first as Lead Exterior Designer, followed by Assistant Chief Designer for Audi Design. + +Michael Bell: Most recently, Michael was Chief Technology Officer for Rivian. He has 30 years in the tech field includes 16 at Apple and five at Intel. At Apple, he played significant roles in the development of iPhone, iMac, AirPort, and Apple TV products. + +In short Lucid team is comprised of leaders with decades of experience in lead roles in automotive and technology industries. + +Now, lets talk about the cars. Prior to the Lucid air, Lucid was known for Formula E racing. Lucid’s technology arm Atieva develops and builds the battery packs powering every car on the grid in the world's leading electric racing championship field. Currently Lucid's lineup with consist of 4 models: The Air, available in 2022, from $77,400. Air Touring model, from $95,000 Air Grand Touring, from $139,000 Air Dream Edition, at $169,000 Lucid Air EV has a battery capacity of 113.0 kWh and a range reported as high as 517 miles. That is more efficient than the Model S Long Range Plus, which has a 98.0-kWh capacity and 402 miles of range. Lucid's Dream edition will also boast a modest 1080HP. Lucid currently has reached 10,000 preorders, representing over 650M in anticipated sales. Lucid expects 577 of these to be delivered this year. + +In November, Lucid finished building the first phase of its factory in Casa Grande, Arizona, with the capacity to deliver up to 30,000 units per year initially, with up to 400,000 units annually in the future. The site sits on 590 acres allowing for additional expansion. The next phase expected to begin later this year – enabling production of Project Gravity, a premium SUV, and is expected to be fully produced and delivered by 2023. + +Lucid is also backed by the wealthy Saudi PIF (Public Investment Fund). They will be the largest shareholder, however there are also other companies in the pipe. Including Fidelity Management & Research, BlackRock, Neuberger Berman, Franklin Templeton, Wellington Management, and Winslow Capital Management. + +However I've been focusing on the Saudi Fund, they currently hold over 430B in assets, and for such an oil rich company to be backing an EV, if that doesn't scream bullish....The pipe shares will also be locked until at least September 1, so I would not expect a selloff this week. + +Lucid Currently has 8 showrooms but has plans to open 20 by the end of this year throughout the U.S. and Canada. Long before the SPAC Lucid also promised the Saudi's to build in factory in Saudi Arabia. Talks are the factory would be located somewhere around Jeddah, which would be mark a very significant move as the Middle East shifts its economy from oil to EV's. + +Anyways this is my first attempt at a DD so....I'll be trying to read and respond to as many comments as I can. + +Edit: current positions 400 shares@27.27 +The worst part of this whole thing is yet to come. Even the Fed is not confident that the CARE act stimulus will be enough...and they are discussing a "phase 4" which would include an additional stimulus package. However, the worst part for the markets is that the CARE act is going to eliminate the 10% penalty on early 401K withdrawals. Think about this for a minute... It is estimated that there is $5 trillion dollars in 401K assets in the U.S. Now the CARE act is allowing up to $100,000 in early 401K without the early withdrawal penalty... Which means that 59.5 and younger can draw off their 401K without penalty. There is going to be a massive selloff by "Average Joe" who needs cash to pay bills while they are out of work. Don't be surprised when the DOW goes sub-16000. #depression +Disclaimer: This is probably a stupid question, I'm not exactly what you'd call an investing mastermind. + +Anyways first off, when the boomers all start retiring en masse, will this not have a negative effect on the market? I figure this because they're obviously going to all cash out sooner or later, therefore, won't this massive sell off be a negative force for the market? + +As for birthrates, they're down sharply. My generation doesn't seem to be down with the whole kid thing. Won't this lack of buyers in the market also be a detriment?