diff --git "a/reddit_finance_43_250k_397.txt" "b/reddit_finance_43_250k_397.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_397.txt" @@ -0,0 +1,10000 @@ + +Thank you /u/Calevolear for being so approachable and answering questions and replying to comments well after the fact. I'd be curious to hear your thoughts. + +My only concern with this strat is the increased margin requirements that may come during an extended down trend. My friend is running the same strat on spx and has a long dated protective put to underlie the strategy. I dont have any insurance on this. +Looking for input from some people who have been doing this for a number of years. Do you set targets for returns? + +If I have an account that is separate from my overall long term investments that I'm using specifically for options - what should I shoot for? Seems like 5-10% a month is what people are saying... This is money that I'm setting aside for this specific purpose and if I lose it all would be disappointing, but not catastrophic. In general I prefer risk averse strategies though. High probability/low return. + +Is 5-10% a month really reasonable? Does it help making a monthly/yearly target or should I just go with what the market gives me? +Looking for input from some people who have been doing this for a number of years. Do you set targets for returns? + +If I have an account that is separate from my overall long term investments that I'm using specifically for options - what should I shoot for? Seems like 5-10% a month is what people are saying... This is money that I'm setting aside for this specific purpose and if I lose it all would be disappointing, but not catastrophic. In general I prefer risk averse strategies though. High probability/low return. + +Is 5-10% a month really reasonable? Does it help making a monthly/yearly target or should I just go with what the market gives me? +I finished an internship 2 months ago at a life insurance company and I was able to learn all about their business model from the in an out. Developed a trading strategy all around it. + +A life insurance business is simple. + +You create insurance with an extremely low payout rate and collect cash. + +Ensure the premiums you receive can cover your expected losses + +Reinvest surplus premiums. + +Life insurance companies are some the highest ranked financially secure companies in the world which I what I want to emulate. + +The first step is to identify our insurance contract. Naked puts will do. So how far out of the money can we go to obtain an insurance-like payout rate. 2 standard deviations based on implied volatility adjusted for contract DTE seems to be the right balance of premium and win rate. The only people who buy naked puts 2 standard deviations out are WSB retards and investors who want to hedge or "insure" their portfolio. + +You can calculate this: ( Share price * IV * SQRT(DTE/365) ) + +When we look at a bell-curve the statistical win rate of selling 2 standard deviations out is 97.5% This is good but not good enough for me since only 99.65% of term life insurance policies actually get paid out. If we sell in a high implied volatility environment and IV decreases. We can calculate the new 2 standard deviation mark based on the current price and therefore the chance of success for the rest of the contract. + +For example if you sold a 45 dte contract with an IV of 80 on a stock worth 100. Your 2 standard deviation mark would be 44. If the contract is 30 dte and the stock goes down to 80 but the iv crushes to 45. Your new 2 standard deviation mark is 60. That means for the rest of the duration of your contract you're not 2 standard deviations out but you are 2.6 standard deviations out. This would put you over a 99% win statistical win rate. + +Now Insurance companies can raise their premiums to ensure that they come out with profit. We can only sell in high IV environments and take what the market gives us. What we can do is reduce our losses to give us a better margin of profit. The first method of risk management is to keep a reserve of cash. In a non portfolio margin account I keep 25,000 in cash and 25,000 in buying power to sell puts. With this reserve of cash you can acquire the shares of the stock on a handful of puts in the event you do get assigned, which is very low. Backtesting has shown that a large large majority of stocks rebound at the 2 standard deviation mark if not make a straight reversal. By acquiring the shares you can wait for the rebound while selling covered calls at the breakeven point to break even or greatly mitigate your losses. The next method is if you don't have or don't want to contribute the capital for the stock. You roll your put out another 1 standard deviation for the same dte your first put was. The stock has already gone down 2 standard deviations the probability of it going down to 3 is incredibly low. Increase of IV from a rapid drop and the put being closer to the money the 1 standard deviation will mitigate losses by 40-70%. + +The next step is to reinvest our premiums. The usual return I get on these puts is 20-40% annualized return on buying power depending on the Implied volatility. I average 30%. Thats 30% on 25k or 15% on 50k. Which comes out to 7500 a year or 144 a week. It's pretty modest but it is incredibly consistent and can be compounded monthly. What you want to invest your premiums into is completely up to you but here are some different strats you can mess around with. + +-365DTE ATM Put credit spreads. Its a double or nothing deal. If market goes up you double your money in a year. If Market goes down you lose it all. Markets usually go up though and if you buy these at end of a recession its practically a guarenteed win. + +- Penny, small cap, mid cap, stock. If you like your fundamental analysis, I kinda suck at it and am reading some books to get better, you can scour all the stock pick deal you want and potentially get very high returns or do kinda mid. + +-Dividend stocks. Find the cheapest and highest dividend-paying stock you can get your hands on collect dividends and reinvest into the same stock. The problem with these stocks is that they tend to go down or sideways so the strat is to acquire 100 shares and sell covered calls against them while making sure you don't get called away before an ex-dividend date to further reduce your cost basis and acquire more shares. This just sounds fun to me and the return can be pretty good if you believe in the stock long term. + +-Good old SPY buy and hold + +Overall your premiums will almost always cover your losses but you can prevent entire losses by temporarily "wheeling" them and strongly mitigating losses by rolling them. You'll get consistent cash flow at a 15-25% annual return depending on your risk tolerance. And you can reinvest your premiums into whatever you want. A life insurance company pulls in millions if not billions of dollars a year when it comes to their premiums received and investment returns but they will have trillions in exposure if all their policies get claimed. Similarly, you'll be pulling in hundreds if not thousands a month but based on TD Ameritrade buying power requirement you will have 25k invested and 250,000 of assignment exposure. In my example as long as you stagger your expirations so you don't have more than 30,000-40,000 assignment exposure per week it is pretty manageable. Since I have 25,000 in cash I have 50,000 in stock buying power. + +The real beauty of this strat is if you have portfolio margin. Since the premiums cover the losses there's not a real risk of being blown up. Just like an insurance company your limit is how many policies you can write. Portfolio Margin greatly reduces that limit. The annualized returns with portfolio margin can be 50% a year plus. As long as you properly reinvest your premiums you can hedge your portfolio to give yourself a great amount of leverage. + +Don't forget that you have another 25k in cash sitting around not being used for a majority of the time. I like to trade short butterfly spreads and short-term credit spreads with this money while it is not being used to increase my annual return. + +Tell me what you think of this strat. So far its been working well for 2 months. +https://www.cnbc.com/2021/03/09/microsoft-closes-bethesda-acquisition-aiming-to-take-on-sony.html + +Microsoft has closed its $7.5 billion acquisition of ZeniMax, the parent company of Bethesda. + +Microsoft confirmed that some new Bethesda games would be exclusive to Xbox consoles and PCs. + +The firm has often been seen as lagging behind Sony when it comes to major first-party releases. + +This is a positive news as msft could improve the gaming business. It will be more competitive to sony and able to generate more subscription revenue. The stock is trading around $230 and it is an attractive entry point for long term investors. + +Thanks for the awards. +Bitcoin has auditing built in.Fed denies an audit ever year. +Money isn’t real, it’s just an idea agreed upon by the masses that it holds value. +But bitcoin is real. +Fiat money have a double spend problem. +convert it to Bitcoin. +This is I want to tell all of you today. Thanks. + [https://www.wsj.com/articles/how-fed-intervention-saved-carnival-11587920400](https://www.wsj.com/articles/how-fed-intervention-saved-carnival-11587920400) + +" **t was mid-March and the vultures were circling Carnival Corp., the largest cruise-line operator in the world.** + + +**That all changed on March 23 when the Federal Reserve defibrillated bond markets with an unprecedented lending program. Within days, Carnival’s investment bankers at JPMorgan Chase** **&** **Co. were talking to conventional investors such as AllianceBernstein Holding and Vanguard Group about a deal. By April 1, the company had raised almost $6 billion in bond markets, paying rates far below those executives had discussed just days earlier.** + + +**The previously unreported tale of Carnival’s rescue shows how effective the Fed has been in turning the debt spigot back on for large corporations.** + + +**The idea of a cruise company raising so much new debt even as the pandemic worsened caught many by surprise. Nevertheless, fear of missing out attracted more investors. When Carnival officially sold a $4 billion bond on April 1, it had enough demand to cut the interest rate down to 11.5% and issue a $1.75 billion bond that could convert into stock.** " +I received a few VC fund proposals and they all sent me information that they have 40%-75% IRR in their previous round. Well... this is too good to be true. If anyone can get 40-75% IRR, they should keep their strategy top secret. + +Anyway, I'm new to this field. Most angel funds are asking me for 100-200k (the first check) and Series B/C is asking for $300-1M. What's the catch and how do you decide which fund to invest in? +Hello personalfinance, I was told to post here from my granddaughter. + +I've read the "I have $X, what should I do with it?" and most of it does not apply to me. I don't have my whole life to save for retirement, and I don't need to! I'm already retired. + +Recently I was left 400,000$ (after taxes). Being 75 years old, I get a VA check (from the military) and my social security check. This gives me about 30,000$ a year to live off of, which I do ok with. Things could be a bit more comfortable! Drawing interest every month would be attractive. + +A few things about myself. I used to own a business and I was pretty well off until 2008 and my wife passed. I've managed money before, just not of this size. I'm a great spender and I always look for deals. I know a little bit about investments, bonds, stocks, and the like. (I stopped doing it so much when I lost money in Enron.) + +I do have an emergency fund setup already, and a well running vehicle. I live in a house that is nearly paid off entirely. I have no debts. All of my taxes are in order with the IRS. + +I'm in pretty decent health, and I'm not a big spender. I know not to give money away, and no one but my granddaughter and daughter know about it. + +I plan on living to be at least 85, and I've got a lot of zest left for life, and I can work! Since I have most of the basics down, I'm not sure what to do with the money to make it work for me, and my grandchildren in the future! I'd like to leave them a healthy amount one day, but I am not sure where to go from here. I can live fine off the money I already have as income, so I do not need to spend this! + +So, vicariously speaking - if you were me, and had 400,000$ at my age, what would you do to multiply this money as quickly (and safely, but I don't mind a bit of risk, and I definitely don't mind getting to work!) as possible in < 10 years? Would you buy real estate and fix houses? Would you buy land? Would you invest in stocks? I'm curious and would love to hear the opinions of personalfinance on my uncommon issue! +Firstly I would like to say a massive thank you to everyone that upvoted my rubbish jokes and random posts. + +Since the lockdown my little one has felt lonely, not being able to play with friends. So we decided to cheer her up and get a dog. A friend to grow up with. + +After the latest moon drop, I sold my moon and rode the doge wave, then after that I traded for nano. Today I cashed out the profits to buy a beautiful chocolate and tan Dachshund. + +It doesn't matter if the price of moons goes to $1 or a million, the smile on my baby's face will always be priceless. + +[Say hello to little CeCe](https://imgur.com/a/5Koy8LP) , yep I named her after this community, because it wouldn't have been possible without you all. + + +Lisa also says thank you. ❤️ +DraftKings and the National Football League (NFL) announced today that DraftKings will become an Official Sports Betting Partner of the League and extend its current relationship as the exclusive Official Daily Fantasy Partner. + +“The way fans consume sports years from now will look drastically different, and it will be due in part to forward-thinking collaborations like our expanded relationship with the NFL today as an Official Sports Betting Partner and the exclusive Daily Fantasy Sports Partner,” said Jason Robins, CEO, chairman and co-founder, DraftKings. “We share the same vision as the NFL on fan engagement and believe this agreement will lead to new innovations that will ultimately enhance both the product on the field and on the screen.” + +As an Official Sports Betting Partner of the NFL, DraftKings will have the right to integrate relevant sports betting content directly into NFL Media properties including NFL.com and the NFL App. As part of the agreement, DraftKings will utilize the NFL’s official League data feed. DraftKings will also be able to enhance their fan experience with NFL highlights, footage and Next Gen States content. + +https://www.globenewswire.com/news-release/2021/04/15/2211253/0/en/DraftKings-Named-an-Official-Sports-Betting-Partner-of-the-National-Football-League.html +How I plan to **Short Tesla ($TSLA)** with a max of **$1,000,000.** Then, walk away with roughly +$300K-$500K in profits. Or, I will walk away with lower profits if Tesla crashes before any of the next steps shared below. + +Here is my current short position: **Step 1:** + + +https://preview.redd.it/i1z93h9xffw71.jpg?width=1242&format=pjpg&auto=webp&s=47b828402fbf3b681459a963182519ea7729ae87 + +✅ **Step 1/Position Started:** +Current Average: $1,070.14 +Current Cost Basis: -$200,117.03 + +✅ **Step 2** +Short at: $1,200\~ +Amount: $200K\~ +Shares to buy: 166\~ +New Cost Basis: $400,117.03\~ +New Average: $1,131.20\~ + +✅ **Step 3:** +Short at: $1,500\~ +Amount: $400K\~ +Shares to buy: 266\~ +New Cost Basis: $800,117.03\~ +New Average: $1,289.68\~ + +✅ **Step 4/Optional:** +Short at: $1,700\~ +Amount: $200K\~ +Shares to buy: 117\~ +New Cost Basis: $1,000,117.03\~ +New Average: $1,354.91\~ + +I plan to cash out after a -30% drop, maybe ill aim for a 50% drop which means Tesla would be either at $949.44 for a -30%. Or, $677.45 for the -50%. This leaves Tesla with room to run from its current position of $1,100 a 23% gain to the final breakeven point or, 54% to the final optional step. + + +**Worst Case:** +Tesla runs up from my even price of $1,354.91 to $2,100 a $2.1 Trillion Market Cap. I'll take a half a million dollar loss which I can afford all day, any day. Won't kill me. (-50%). + + +✍️**Note:** +If Tesla doubles from its current price, it will be worth more than Apple and Microsoft by $1 Trillion Dollars. I strongly believe the ROI for new buyers is dramatically decreasing. In other words, the Greater Fool is running low/near the end. There is too much risk, too many emotions, and greed flowing around. Be fearful when others are greedy. In this case, ill profit from their beyond delusional greed. Or, Tesla is currently at peak levels and I don't even get to the next steps. Still a win. + + +\- Charlie +I just started and I like it so far but I’m curious to know what the local exist opportunities and career progression is like. + +I started this year in B4 audit with a total take home of $4k/month +&#x200B; + +https://preview.redd.it/yv7zag5qxbn61.png?width=707&format=png&auto=webp&s=3142cc6f2903f1be7eff10206392b4fbc7de1034 + +One of the most eye opening charts I have come across recently is above. It's the RBA's Balance Sheet. + +You can see the difference between what the RBA did to help stimulate the economy in the GFC (2008), and this pales in comparison to what is going on now with respect to buying Government debt. + +I have always been one to sit back and wait for major corrections in the share market before buying, and my most recent purchase was in late March 2020 (VAS). + +With the amount of new money sloshing around, I am beginning to think that asset prices are going to keep inflating until .... well I am not sure until what exactly. + +I am curious to get thoughts from other forum members as to the implications of this RBA behaviour on your investing strategy (if at all). + +I should probably switch to a "keep buying at regular intervals and dollar cost average" mentality wrt shares but the value buyer in me keeps waiting :/ +Gamestop stated that the App will be available to European in future. Well... this isn't the case currently and I think this can bring an additional steady stream of incomes overall in Gamestop European branch. + +I cannot stress this any further, people are browsing products via some shopping Apps nowadays and the European can't access Gamestop App on mobile. This is a killing since Gamestop is selling more and more products at really good price, if not the best price. + +I really hope they can adress this. Soon. + +Buy, Hold, Drs, Shop (hopefully) ! + +Power to the players +Squeeze aside, tendies aside, I would be excited to purchase $GME with all of the news coming out about what they're doing. I'm not even much of a gamer, but the e-commerce and gaming lounge talk is just really fuckin cool. Crazy that the hedge's goal was pretty much exactly what drove me to do my part to make the opposite happen. +So I have a tesla debit spread that is way in the money and it expires today. I’ve never held a spread til expiration so I don’t know how this works. In order for me to realize max profit, do I just keep my option into close and RH will do the rest? Thanks in advance +Hi UKPF, + +I come with my hat in hand. I'm in need of some help/guidance. I've got myself into quite a hole due to carelessness and overspending/poor money management. I will keep it short but I just wish for some advice as to if there is something better in which I should be doing to mend this. Im a 23M master student part time, earning 25k per year. Rent current £300 per month with all bills. + +**Current debts:** + +**Uni**: £2223.97 (No interest but results are being withheld until payment) + +**Rent**: £300 (currently 5 days late) + +**Overdraft** £1,700 (Interest free until 1/9 then only £1,000 is interest free. 24% APR) + +**Capital One**: £182.13 + +**Ocean**: £157.97 + +**Vanquis**: £416.39 + +**Aqua**: £1,886.57 + +**Amex**: £1,009.51 + +**Total**: £7,460.15 + +&#x200B; + +I get paid £385 weekly and I have recently began delivering for JustEat in evenings and at weekends. Earnings vary but will typically range from £100 to £250 per week, paid on same day as 9-5. + +My question is, while the advice will likely be to follow the flowchart- and I of course completely respect that and should not disrepute the advice of clear intellects of the topic. I wonder if for example an emergency fund **is** indeed smart at this stage. My rent will be paid on Friday but I must get this uni debt cleared ASAP. My results are being released on 29/7 and I cannot receive mind until payment is made. + +I am aggressively working all hours I can and have turned to a childish diet of toast, chicken nuggets and chips to save where possible. The decline was a slow and steady one but I must get out of this. Am I missing something? Are there any tricks I should be aware of? Insights/ advice from UKPF redditors would be much appreciated, I'm ashamed to be writing this but a change must be made. My plan is to simply work all hours possible, eat as cheap as possible and dump all monies on Fridays into debts. + +Thank you. +https://i.imgur.com/eD99IRO.jpg + +Disclaimer: I am fully aware that I am not inventing the wheel here. Millions of people use this strategy. This is simply a post to help out those bagholders out there who want to regain money fast or simply make quick gains. + +Step 1: Wake up early. My broker opens at 7:00 AM EST so I wake up at around 6. If you’re on Robinhood, wake up before it opens so you can prepare for your trades. + +Step 2: Eat breakfast and get mentally ready. There may be times where you need to watch your stock for an extended period of time and no one wants to do that on an empty stomach. Remind yourself why you’re trading. Do I want $100, $300, or $1000 dollars today? Set a goal. Don’t get greedy. + +Step 3: Head on over to - https://www.investing.com/equities/pre-market - For a Pre-Market Screener or - https://www.investing.com/equities/top-stock-gainers - For a Market Day Screener +Click the “Chg. %” tab to organize Tickers from greatest increased to least. + +Step 4: Analyze volume. Higher volume is usually a good sign. Supply and Demand leads to an increasement in price. Ignore any stocks that you see that have like 4k or 1.5k volume but have 150%+ gains. Those are weird stocks that some millionaire owns all the shares to. + +Step 5: Pick your stock. IT’S NOT ALWAYS BAD TO CHASE. You can pick that 100%+ stock just be careful and analyze the chart. Today I played $MYOS when it was 120% up and still made a great amount. Usually I’ll pick one of the top 5 most increased stocks I see on the premarket screener. + +Step 6: Analyze the chart. Has it been downtrending since 6 am after a 4 am lift off? Guess what? It’s not necessarily over. Round two will start soon when 7 am, 8 am, and 9 am buyers take over. Learn to read bull flags and double top patters. They will help you immensely. + +Step 7: Enter a trade either during a gap up or an uptrend. As you can see in the image, $MYOS formed two beautiful Bull Flags. I waited for the initial sell off to stop and joined in at 2.13. About 45 minutes later it had gone up to 2.77. That is a 30% increase. That’s all I need for the day and I am satisfied. + +Step 8: Evalutate how much gains you are willing to risk. As you can see from the chart, there was a “Double Top Pattern.” This indicates a sell off and downtrend. I saw this and exited my position. However, if I would’ve stayed for the ride, a second bull flag had formed and I could’ve gotten more gains. +These are the decisions you need make. Do I want to risk my gains for more? or am I happy with what I made today? Remember to be disciplined. Don’t gamble. + +This is basically my strategy that I use every day and I find success always. It’s all about accepting that you may not get as much gains today as the other day and securing profits. Avoid buying at super high peaks because sell offs will scare you. Try to get in when you see a healthy upwards momentum or when it starts to uptrend. If you have any questions please ask them. It’s a bit difficult to explain everything on a reddit post. Have a great day and good luck with the trades. + +UPDATE: Here is the link to my recent post discussing my plays and analysis for Thursday 07/02 using this strategy. + +https://www.reddit.com/r/pennystocks/comments/hkcd7b/easy_and_nondd_required_and_quick_gains_strategy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +https://i.imgur.com/eD99IRO.jpg + +Disclaimer: I am fully aware that I am not inventing the wheel here. Millions of people use this strategy. This is simply a post to help out those bagholders out there who want to regain money fast or simply make quick gains. + +Step 1: Wake up early. My broker opens at 7:00 AM EST so I wake up at around 6. If you’re on Robinhood, wake up before it opens so you can prepare for your trades. + +Step 2: Eat breakfast and get mentally ready. There may be times where you need to watch your stock for an extended period of time and no one wants to do that on an empty stomach. Remind yourself why you’re trading. Do I want $100, $300, or $1000 dollars today? Set a goal. Don’t get greedy. + +Step 3: Head on over to - https://www.investing.com/equities/pre-market - For a Pre-Market Screener or - https://www.investing.com/equities/top-stock-gainers - For a Market Day Screener +Click the “Chg. %” tab to organize Tickers from greatest increased to least. + +Step 4: Analyze volume. Higher volume is usually a good sign. Supply and Demand leads to an increasement in price. Ignore any stocks that you see that have like 4k or 1.5k volume but have 150%+ gains. Those are weird stocks that some millionaire owns all the shares to. + +Step 5: Pick your stock. IT’S NOT ALWAYS BAD TO CHASE. You can pick that 100%+ stock just be careful and analyze the chart. Today I played $MYOS when it was 120% up and still made a great amount. Usually I’ll pick one of the top 5 most increased stocks I see on the premarket screener. + +Step 6: Analyze the chart. Has it been downtrending since 6 am after a 4 am lift off? Guess what? It’s not necessarily over. Round two will start soon when 7 am, 8 am, and 9 am buyers take over. Learn to read bull flags and double top patters. They will help you immensely. + +Step 7: Enter a trade either during a gap up or an uptrend. As you can see in the image, $MYOS formed two beautiful Bull Flags. I waited for the initial sell off to stop and joined in at 2.13. About 45 minutes later it had gone up to 2.77. That is a 30% increase. That’s all I need for the day and I am satisfied. + +Step 8: Evalutate how much gains you are willing to risk. As you can see from the chart, there was a “Double Top Pattern.” This indicates a sell off and downtrend. I saw this and exited my position. However, if I would’ve stayed for the ride, a second bull flag had formed and I could’ve gotten more gains. +These are the decisions you need make. Do I want to risk my gains for more? or am I happy with what I made today? Remember to be disciplined. Don’t gamble. + +This is basically my strategy that I use every day and I find success always. It’s all about accepting that you may not get as much gains today as the other day and securing profits. Avoid buying at super high peaks because sell offs will scare you. Try to get in when you see a healthy upwards momentum or when it starts to uptrend. If you have any questions please ask them. It’s a bit difficult to explain everything on a reddit post. Have a great day and good luck with the trades. + +UPDATE: Here is the link to my recent post discussing my plays and analysis for Thursday 07/02 using this strategy. + +https://www.reddit.com/r/pennystocks/comments/hkcd7b/easy_and_nondd_required_and_quick_gains_strategy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +They are more aesthetically pleasing usually, and seemingly in better condition. Does this apply to building quality as well? Will a new house require more or less maintenance in the long run, compared to a decently preserved old terraced house? +I’m trying to help my dad with advice. He is 60 years old and has nothing at all in savings/retirement. The only good thing, is that he has a paid off house (value of $100k) and no car payments. He has been paying off debts for a long time is about to pay everything off (I think like $3000 or so left). He makes about $35k per year so not a big shovel. + +Where do you think he should focus? I think just putting as much as he can to his 401k and plan on continuing to work for a while is the best I can tell him. Not exactly uplifting :/ +Writing about the ego is tricky. Most notably because there is a real dichotomy between the advice I give, and how I act in actuality (due to my ego). I’ll humbly ask that you take this for what it is – a warning. + +There are hundreds of philosophical arguments about what the ego is, it’s importance in life, trading and personal relationships. Is it a good or bad thing? Is there such a thing as good and bad? Who makes these decisions? Immersing yourself in, well… yourself… can lead to some fantastic self-sabotage. + +One spectacular example was in 2018 June when my account was up 57% and by June 2019 I erased the gains with another 9% loss to top it all off. My first real losing streak and some really bad trades – what went wrong? + +Let me share my experience with you on the Ego, how I’ve managed it (or handed it over to the ‘universe’) with respect to trading. At the end, I’ll share one of my breakthrough moments which happened during a Psilocybin trip (yes, magic mushrooms, If your ego no ‘likey’ then bye bye, thanks for reading first few lines). + +[The Larger the Ego...](https://redpilltrades.com/the-ego-the-larger-the-ego-the-lower-the-profit/) +As of the moment the Russell futures are up 2.2% and Nasdaq 1.5%. This is in contrast to yesterday's decline of 1.93% and 1.55% respectively. Meaning the indices have recovered all of their losses and more, but how? + +Wasn't the market yesterday reacting to Powell's major announcement on inflation and change in monitory policies. I would expect more decline but instead I see everything is back up where it started. How is this possible? +Reddit, + +Happy Tuesday! Hope your well. Being in a bear market presents unique opportunities (discounted valuations, failure of companies, the foundation of new companies). What stocks/industries do you think are going to be prevalent over the next decade or two? + +I am bullish on a few things. Web 3 (long way to go), EV, and construction materials. + +Any explanation of your thought process is greatly appreciated! +The NFT game is not a game you want to play. It is easy to mint MILLIONS of these apes with cigars, money etc… + +If I minted 1,000,000 of them then sold them all for a dollar… I win. + +If you bought it for a dollar, and no one else is willing to buy it from you for more than that, you lose. It’s gambling, but you’re going to lose because you are not smarter than the fox. The reason why you hear celebrities buying expensive NFTS, is because that is called “marketing” and they were probably paid to say they bought it for $$$$$$ and were given a free NFT. + +Don’t fall for this crap. There are more shit apes out there than ever. This is how you lose money. If you do happen to have a sucker on the line SELL IT. No one ever lost taking profits. + +This is not financial advice, only opinion. +[I was bored on a slow Sunday watching this YouTube video.](https://youtu.be/dGFPE6RBws8) + +At around the 3:50 mark he says that the Immutable X marketplace was brought to creation by the creators of Gods Unchained as well as a company called StarkWare. + +He goes on to list all the notable companies that have invested in this project/company called StarkWare. + +Paradigm led funding both in 2018 and again in 2021. + +Paradigm also bailed out Citadel earlier this year. + +Wut doing? + +I have provided links below. I am posting in hopes that an ape smarter than me can do some more digging or explain how this is not some huge conflict of interest. + +[Paradigm bailed out Citadel with a cool $1.15B](https://www.coindesk.com/business/2022/01/11/paradigm-sequoia-to-invest-115b-in-citadel-securities-bringing-trading-firm-closer-to-crypto/) + +[TIL that the Immutable X marketplace was launched in partnership with a company called StarkWare.](https://www.castlecrypto.gg/immutable-partners-with-starkware-to-scale-blockchain-gaming/) + + + +[StarkWare has had 2 rounds of funding, both times Paradigm led the funding.](https://www.theblockcrypto.com/post/99211/starkware-funding-round-ethereum-paradigm) +I was talking to a friend of mine who teaches Economics and specialises in macro (governmental-level) policy. His main objection to bitcoin was that 'it's not backed by anything' and he flatly refused my offer to set up a wallet and give him some so he could understand it better. Which got me thinking, why would Homo Economicus refuse an offer of free value? It doesn't make sense, so I've been thinking about it for a few days and here's my postulate. + +Advancement in Economics is based on the study of history. In conventional Economics; you need to know about the 1800s, not 18:00 last night. + +Secondly Economists are broadly split into two groups, the Keynesians and that 'Hayek lot' as my friend put it. So it is very tribal and likely that both sides stick to their own propaganda in view of the time they have invested and reinforcement bias. + +Keynesians don't know that bitcoin poses as much of a challenge to Austrian Regression Theory as it does to Monetarism. Why should they? Most senior Economists are in their 60s and do not want the challenge of addressing new economic theory. They assume, based on past progress, that any new thinking will only be generally adopted long past their retirement so they don't need to bother with it. + +Also, that by simply joining the debate (or agreeing to set up a wallet) they will not only lend this idea credence but possibly compromise their reputation if it became known they were a participant and play a small part in a bubble at best or a Ponzi scheme at worst. + +You can't hold an argument with a senior Economist about what backs the dollar or the intrinsic value of gold because they just keep dodging the question or repeating a lame answer in the hope you'll agree they are correct. In academia the Professor is correct, by definition so they repeat their position until they run out of patience with your (valid) objections, then tell you you would make a bad pupil! + +Here was a senior Economist who can't debate the properties of a money. No wonder the public has invented it's own money. Not a minute too soon! The quality of economic theory and debate on the bitcoin forums is way above anything you will hear in the 'real' world. + +Bitcoin is the response to cradle-to-grave debt: the people's money, produced by a self-educated generation with no preconceptions holding them back. Adoption of bitcoin will come first; old-world Economists will have to learn the theory later. + +Edit: added line breaks-sorry! +I noticed the suicide hotline number being the most upvoted post and I must request this remain pinned for the week following the recovery. + +I think people will be at highest risk of suicide after they panic sold and realize that crypto recovered fully in a very short period of time, even perhaps reaching new all time highs. + +HODL. +I'm in my 40's and just about checked out with high stress jobs and the corporate world. I have enough money saved up to take a substantial pay cut and coast for 5 to 10 years and retire comfortably. Anyone thinking the same about phased early retirement where you work low stress lower salary jobs once you are mostly financially secure? I'm looking for suggestions for second careers that could meet these definitions. Easy/low stress jobs, 40 hours a week, 50k+ in income preferred but not necessary. Probably could do fine with minimum $30k a year. +I was actually planning on holding onto it for a crash (to get stuff on sale) but ended up just throwing it in a bunch of Vanguard mutual funds because i figured i'd been holding onto cash for too long and I'd get more growth in the long run. + +And then the tank happened. I know it will go back up. but I can't help but feel like it was such shitty luck that it will affect my portfolio long term. I am NOT planning on selling. It's just that my bad timing is getting to me. + + +Just market jitters or truth? +This is from this Bloomberg article [The Black Hole Engulfing the World's Bond Markets](https://www.bloomberg.com/news/articles/2019-07-13/the-black-hole-engulfing-the-world-s-bond-markets-quicktake) + +>A bond can have a modestly positive coupon when issued by a government, institution or company, but once it starts trading, high demand by investors can push its price up -- and therefore its yield down -- to such an extent that buyers no longer receive any payment. Some funds track government bond indexes, meaning they must buy the bonds regardless of the yield. + +The whole article is informative and a quick read. +Hiya all. + +Planning on taking a trip to Europe early next year and looking for a bank card to take. For possibly-exaggerated-paranoia related reasons I'd rather not take my current main (UBank) card. I'd much prefer a seperate card which I can load up with only the money I need for the trip, and which won't be quite so damaging to lose. + +Mostly for this I've been looking at ING. The 'ATM refunds' thing appeals to me, but I'm not sure how big a deal that will be since I'm going to mainly be in Berlin. Obviously there's the usual, no international fees thing as well. My understanding is that all I need to do to get those bonuses is deposit $1000 and make five tap-and-go payments in the month before my trip. If that's wrong, please correct me. + +Other than ING, do y'all have any advice for other cards to look into whilst travelling? + +I understand some people prefer to use credit cards for this sort of thing, but haven't looked too much into that; could anyone possibly provide some pointers? +Can someone help me understand this? If you secure an owner occupier rate for an apartment you live in, but then you move out after a few years and rent it out - but don’t tell the bank, so they keep the low rate… is it horridly bad, or do they not really care? What happens if they find out? + +I’m having a debate with a friend about it. He says everyone does it and it’s no big deal. I honestly have no idea. Please enlighten me. +I’m 37 years old, realizing that the lack of money has been the focus in my life for so long that I barely know what to care about now that I’m financially secure.  + +Money was never widely available, and my mom used to push and support a culture of avoidance. I remember bills piling up on the glass dining room table. I remember going to the bank with my mom to withdraw money and finding out all the funds had been garnished by debtors. She often couldn’t cash checks at the bank, because she was carrying a negative balance.  + +She would splurge on unnecessary things when money did randomly show up, things like new appliances or new couches or wallpaper or fancy shoes and clothes for herself, and otherwise we ate bread, cheese, and barbecue-sauce sandwiches, or big pots of beans, cheese, and onions. Meanwhile my sister bought my school supplies. + +I’m an inheritor of all this, and I had no idea. I took a long time to understand money. I was poor when I first moved out, and never had the habits to be otherwise. I remember sharing a condo with my roommates and consistently being late to paying my share of the rent -- like, every month. My buddy carried us for years, carried me -- buying me things, fronting the cost of X or Y, and making sure the rent was paid. I was always behind and that just felt normal.  + +When I lived on my own, I continued to struggle with money, in large part because I struggled to make myself go to work. I was hiding from a job I hated and late with my rent every month, and ended up defaulting on my rent another month. I didn’t communicate with my landlord -- I just didn’t pay the rent -- and eventually I found an eviction notice from the Sheriff’s Office on my door. I resolved it in a panic, and that just felt normal. + +I was poor poor poor across the board. When I would get paid, I used to save $5 back in cash because I was always out of gas at the same time I was out of money, and I had to get to work. I remember buying bean burritos at Taco Bell -- roughly $3.50 worth -- in my last scrounged quarters. I would write checks for cash at Walmart that I knew would bounce, and that just felt normal. + +And so it took me a long time to figure out how to work, how to grind, how to make money happen. But I did figure it out. I did learn how to show up and kick ass every day. Somewhere I figured out how to show up in every way at work, where the right effort met the right opportunity. And now I have money.  + +And having money has confused the hell out of me, and left me feeling somewhat empty. The relief from money stress is significant -- it’s HUGE. But nothing has replaced that space, that fear and focus. + +There’s a gap in my brain where I used to be able to just milk that money-worry for all it was worth. It was constant, it was hugely important, and a totally reliable source of worry. It defined who I was. So without it, it’s like walking out of a building and finding a vast plain where it used to just be a tiny room of which I knew every crack. It’s freedom, and it’s terrifying. Now I have to define my life. Now I have to figure out who I am. I never had to compare myself to anyone with money, because I never had any. But now I do, and I compare, and I feel inadequate. + +And there is always more I could be doing. But I'm doing a lot, to my mind. I contribute 16% to my 401K. I’ve accrued an emergency reserve, the most cash I’ve ever saved. My credit is better than it’s ever been. I have more cash flow than I’ve ever had. I carry reasonable debt. + +But I think back to barely surviving and it feels so simple. There was only one goal: make it to the next paycheck. If I want something, can I afford it? The answer is almost always no. Now, as perverse as it is to complain about, I have to choose and I have to figure out options and I have to look at everything I could do and figure out the best move; which would have been my DREAM years ago, and IS pretty great, but at the same time exhausting. There’s no problem when you only have one problem, but it’s tons of different problems when so much more is possible. + +And you could say that I’ve traded my fear of being broke for a fear of losing my job, almost a lateral move. But it’s an abstract fear, a worst-case fear, which is different than the immediate, clarifying terror of a negative balance. + +Ultimately, I will always trade ‘having-money’ problems for ‘no-money’ problems, but the effect of having enough money ISN’T that it just makes the worry go away and the rest takes care of itself. Now I have to actually figure out who I am, which means slowly wading forward by myself through the dense fog of life, defining and determining my identity every day, overcoming my insecurities, wondering if I’m inadequate to the task of life, and always feeling like I could be doing more or might be making the wrong decision. + +I guess I worried about that less when I only worried about surviving. +Couldn't say I've seen this tip around so thought it was worth sharing, especially for those who forked out money for a fan during the big heat wave earlier this year! + +Fundamentally, water is removed from clothes due to evaporation of water molecules held on the clothes. Heat will increase the rate at which this happens, but it's the hardest and most expensive way to do this at present. + +What I've started doing is to do an extra spin and drain cycle on my laundry, meaning there's less water to remove from my clothes. I then set up my airer with a dehumidifier in the room PLUS, this is the key bit, **pointing my oscillating fan at the laundry on the lowest fan speed.** + +This creates an artificial breeze that is cheap, quiet, and really does dry your clothes quite quickly. It (EDIT - THE FOLLOWING SCIENCE IS NOT RIGHT) agitates the water molecules in the clothes and makes them easily suck-upable (technical term) by the dehumidifier. A load of bedding and cloths took about 12 hours, a full load of clothes about 15 (a few socks are still a bit damp). + +I can't say I've found a cheaper way of doing it this winter, so thought this might help people out! +Like the title says, I moved out a year ago and I've been consistently dumping $1,000 into my portfolio every 2 weeks since then. + +I'm primarily invested in SPY (75%), F, QCOMM, and RBLX. + +However I'm down 10% and it seems like I've just been losing money slowly. + +I make $45,000 salary and have been busting my ass to afford putting half my income into the stock market. This means I've forfeited pretty much all leisure and entertainment that costs money. + +Am I just digging myself into a hole? Should I at least stop before the market evens out? Help +I (24f) was naive and didn't understand how my insurance works. Did an intake session, and turns out I have to pay full price (about $135 per session) until I meet my deductible, which is $2,800, so that'll never happen. I can technically afford this, but it's a giant expense for me that I did not at all budget for or factor in to my savings plans for the year. I make about 57k before taxes. I currently have no debt. + +Went into therapy hoping to deal with stress management, anxiety, procrastination, and career direction. Nothing particularly major. I think I just need to accept that I can't afford this, but it took forever to find a therapist that seemed right for me, took my insurance, and was taking new clients. I have an HSA. I was planning on doing bi-weekly sessions for a few months. Should I redo my budget so I can continue with this therapist or seek out other options? +[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/) +ABOARD AIR FORCE ONE, June 8 (Reuters) - The White House expects the next round of economic data to show elevated numbers on inflation, press secretary Karine Jean-Pierre told reporters on Wednesday. + +Speaking to reporters as President Joe Biden flew to Los Angeles, Jean-Pierre said inflation numbers to be released at the end of this week are likely to show more evidence of high inflation. + +"We expect the headline inflation number to be elevated. And we expect the war in Ukraine to have some effects on core inflation, particularly when you look at things like airfares and the effect of higher jet fuel costs," she said. +I have to admit, I jumped in a week or so after the IPO thinking I may have missed the rush. Turns out the market had different plans. At this point I'm only holding 20 shares *at $90*, oof. + +Admittedly I got in just believing in RJ Scaringe's vision, and thinking that the overall downturn in the market this year was just part of the declining stock value's price. These last few weeks with an additional aggressive plunge downwards on RIVN have me quite concerned. + +What are your thoughts? +Do we think it's a problem that this group votes down any opinion that isnt completely bullish on their investments which gives readers a completely biased view of stock situations which leads to major losses for many investors? + +These low karma posts are then not viewable. Huge funds and short sellers have made millions In the past few months taking money off amateur retail investors who (lots of them) take advice from this group. Robin hood and other apps work in tandem or alongside these funds and profiting off nearly every move this group makes both upwards and downwards. + +I've traded in the city for 13 years and the guys there are laughing their heads off at this group, some have bought new houses off the back of gamestop alone. + +We need to talk about this because I feel morally obliged to say something when good people are wasting their (or let's he honest , their parents) hard earned money. +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. +And there has been many millionaires and billionaires over the years telling us how wrong we got it. Their collective time is worth so many millions of dollars and they value their time highly. If we're so wrong, how come they're wasting their time telling us so? Unless... + +Buy. Hold. DRS. + +It's working and they hate the fact we're breaking the mold of the system they enriched themselves by. +And there has been many millionaires and billionaires over the years telling us how wrong we got it. Their collective time is worth so many millions of dollars and they value their time highly. If we're so wrong, how come they're wasting their time telling us so? Unless... + +Buy. Hold. DRS. + +It's working and they hate the fact we're breaking the mold of the system they enriched themselves by. +Credit to u/Busy_Dot for bringing the following to my attention. + +TL;DR at the top again: BCG had a 5,000 word analysis of the global gaming market on their website as recently as March 25. Once again, it has mysteriously disappeared, but the Wayback Machine still exists [so here it is.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) + +I was very surprised that my last post got as much attention as it did. For anyone that doesn't know what I'm talking about, I made a post a couple of days ago where I showed that BCG had scrubbed a PulteGroup related article from their website within 24 hours of u/RealPulte and the apes that inhabit this zoo becoming aware of each other. That post is [here.](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/) + +This did get me thinking, though. The only reason I was able to find that article, and the internet archive link, was that I happened to make a very specific search, and that search happened to return a result for a page that no longer exists before the web crawlers and search engines delisted it from their rankings (at least on DuckDuckGo). That, and the article I was looking for just so happened to have been archived by somebody for some reason all the way back in 2021. They totally could have purged more articles. And if those removals weren't noticed quickly enough after they happened, or if those pages were never archived, then they'd be very difficult, if not impossible to retrieve. + +So I grew a few wrinkles re: The Wayback Machine and learned that you can use it to sort of explore subfolders of specific webpages. [Here's that page for bcg.com.](https://web.archive.org/web/*/bcg.com/*) I soon found out, however, that the filters for this explore function are kind of finicky and the search only really seems to work if whatever you searched returns an exact match for some substring of an archived URL (and that's not even consistently true in my short time trying to use it). + +I was really hoping that I could just type in "GameStop" in that search field and find a smoking gun (could you imagine lol). But I did not, and I soon gave up on that endeavor because I had things to do IRL and trying to figure out how to use the explore functionality on TWM in a way that was consistently helpful was becoming a pain in the ass. If anyone else wants to give it a stab though, be my guest. It seems like the kind of thing that would best be tackled by crowdsourcing. + +$BUTT + +Last night, while I was sleeping, I got a DM from u/Busy_Dot who apparently found another deleted article hiding in Google search results. And while it doesn't mention GameStop specifically, it's kind of the next best thing. Basically, [BCG thinks gaming and esports are media's next big paradigm shift.](https://web.archive.org/web/20220325142728/https://www.bcg.com/en-mideast/2021/gaming-and-esports-sector-are-the-next-shift-in-media) They seem very bullish on the global gaming and esports market. + +From the article: + +>Gaming & esports is a fast-growing and continuously evolving sector and offers content producers a platform to connect with consumers in a way that other media cannot replicate. This paper has demonstrated the ability for investors to achieve commercial returns, and for governments to create economic impact. But investors and governments can only create the framework for game developers and esports athletes to grow. +> +>Ultimately, ecosystems emerge from the passion of the consumers - the stories they want to tell and the glories they want to achieve. Gaming & esports speak directly to a shift in the media paradigm, consumers as creators. More than entertainment, they offer an infinite canvas for creation. As government and private sector investment continues to grow, that canvas will keep expanding. + +Weird that that article was posted in December but they've suddenly changed their minds over the last couple of weeks. Probably nothing. +I have been looking more and more into FIRE, maybe not as "Extreme" as many on here, but i very much like the ideas and principals behind it. Even if you don't implement 100% so much of it makes sense and just gives you a better day to day life (e.g. cut out excessive consumption). + +I would like to share this feeling/though process of FIRE with my Significant other (female). But what would be the best way? I'm looking for a real eye opener, is there some really good youtube video (would probably be better than a long text), or some amazing overview elsewhere that i could show her/introduce her to that would also make her go "aha"? + +Disclaimer: She is an amazing person and already lives rather frugal so this is not about her being on a shopping frenzy i need to stop or anything even close to that. Its more to have something to have a conversation over really, and maybe most importantly how do we want to live our lives together when we get older (me M 30, her F 28, child 0,6) +Hey Everyone, + +I've seen this question come up a few times here with different answers and it's worth flagging given how popular spreads are and how different brokers handle early assignment. + +Robinhood does not technically allow short positions on equities. If both your short and long leg are in the money and your short leg is assigned, Robinhood will auto-execute the long leg in order to cover the short leg. I confirmed that with their rep, even if both legs are far away from expiry and the spread itself has significant value left. + +For example, let's say you have a bear spread selling a call on RKT for 20 and buying a long call on RKT for 25, and the current value of the spread is -3.00. If your short leg is assigned, Robinhood will instantly make your spread worth -5.00, a massive proportional loss depending on the size of your investment. + +Other brokers handle this differently (e.g., open a short position, and let you sell the call options) which means that the next day, you could actually be picking up a premium for the assignment rather than max loss. Only lost a few hundred on this, but don't get stuck on the wrong side of it by losing a few thousand. + +Edit: Proof of positions and dialogue was submitted and read by the mods /u/PapaCharlie9 +About a year ago my wife of 17 years was diagnosed with an aggressive form of breast cancer. She has cycled through 4 different treatments which have mostly kept the cancer in a state of stasis. After a month or two the medications stop having an effect and it starts growing again. The latest round of meds has done nothing. + +We are both in our mid-40's. We have 7 children ranging from 16 down to 2. I expect the oldest to graduate within the next year and the next oldest a year after that. Both of them have plans to go to college following graduation. + +I would like to try to maintain the same quality of life for my children as I possibly can. I expect that towards the end I'll have to hire someone to help me take care of her and the family and I assume that I would have to keep that person on-board for a long period following as well. + +We both have term life insurance policies. The policies for her total about $400,000. Any ideas on what I should do to maximize the money that I would have on hand to help keep family life stable? + +**EDIT:** Thank you for all the *good* advice (the ones giving bad advice can go to hell). + +Just to clarify a few points and to add some flavor to the conversation: + +* I am a US citizen. My wife is not. We reside in the US. +* I have good health insurance that covers our family. I am not concerned about medical bills at this point. +* My children are technically schooled at home, not homeschooled. They are enrolled in a school based in California and we administer the education. When they graduate, they will receive high school diplomas. + +Things I will not do: +* divorce my wife. I'd rather go bankrupt than do that. +* cook/sell meth. +* sell or dispose of any of my children. +Call me a hypocrite for realizing it now with all the gas fees, call me whatever , I know I used to knock on it all the time in the past, I called it a shit coin several times over but RaiBlocks really is a helpful useful crypto. + +I don't own any either so this isn't a shill post. It's more about that it helps us out in rough times. It's fast as FK. It helped me out these past month to avoid $100s in gas fees, and even though I had to pay exchange trading percentiles to get so I can send it back out...I still saved money. + +Many will say, "we have too many altcoins". But what's going to happen when a time comes 1 billion people own Crypto and everyone is trading alts left and right? Many alts will get overloaded too. Scaling is still an issue. We will need either everyone running nodes for one or two cryptos or we are going to need more alts to handle the load. + +So I'm done knocking in cryptos like Nano. Truth is, we need to support all cryptos even if we don't own it. + +Just like moons + The more we support alts as a whole , the more it benefits the community as a whole. +Went to the doctors office, which is covered by insurance, and they wanted me to do a lab test before the procedure. I did it but my insurance rejected the claim because the lab is out of network. I would have never done the test had I known as I thought as long as I went to a Dr that was covered by my insurance I would be covered? Any advice in this situation? + +Thanks! +Dogecoin has climbed 109% in 6 days. Why did the "Buy the rumour, sell the news" not work this time? + +I'll be honest. I was expecting it to go the other way. Damn was I wrong. + +The "Buy the rumour, sell the news" mantra is that investors will start buying up a stock or crypto in anticipation of a big event. Often what happens is that the majority of buying has been done by the time of the event, and the stock/crypto crumbles. + +I honestly fully expected this to happen with the confirmed acquisition of Twitter by Elon Musk. For the past few weeks, there had already been massive speculation on the price of DOGE. It shot up, came down, shot up, came down, etc. and all of it was seemingly tied to the Twitter takeover. + +&#x200B; + +[Daily](https://preview.redd.it/9dilxks1v2x91.png?width=1446&format=png&auto=webp&s=3ea4098a964a270706ac925f845a382bcd457f25) + +After being burned in the past, I decided not to get involved with Doge this time, and fully expected the price to drop after Elon moved in. + +I was basing this off several things in the past, but here are a couple of key considerations: + +* The Saturday Night Live skit. Price of DOGE climbed right up until the show started, then started tanking immediately. +* Last month's ETH merge. The price again climbed and climbed approaching the merge, and then came way back down. + +I actually considered shorting DOGE, so I guess I'm lucky I didn't bother. + +So why did the mantra fail so spectacularly this time? +I've been in the crypto space for about 4 years now and having experienced the the full market cycle, I want to share some advice for those of you who may be new to the space and open up a dialog for any other experienced players to share their advice as well. + +For the newer folks around here, **build your portfolio's foundation around projects that you believe are solving a real life problems**. I'm not saying you can't save some money for the potential 100x's out there, but back those moonshots up with a foundation of solid projects first. + +Here's why...When the euphoria and excitement of the bull market inevitably comes to end and we find yourself returning to the days of -50%, -75%, -95% from ATHs, you will start to lose faith in those heavy ass bags of shitcoins you've collected. Some of those coins will die, many more will never see their ATHs again. When you watch your portfolio shrivel up like testicles in a cold swimming pool, you'll ask yourself, "What went wrong?" "Was it something I said?" "Will I ever financially recover from this?" You might sell for a huge loss or you may chose to hold those heavy ass bags forever. **But the worst case scenario is that you cut all loses and leave the crypto space only to return to buy at the next ATH**. + +Anyone who's made it through the last few years will tell you, the bear market is the best time for accumulation. You don't get a $5k Bitcoin, $80 ETH, $2 LINK, or $.0001 DOGE in the middle of bull market mania. You get those prices by researching and learning when others have cut their losses and start playing scratch offs instead. Staying focused and remaining confident in your investment decisions will ensure you're still here to pack your bags for dirt cheap and letting everyone else is jump in late to buy your $200k Bitcoin. + +So how do you stay focused and confident in your investments? By finding the real fucking projects out there. + +When things start going down, you want to look at your bags and say "yeah, regardless of the current price, my coins still have a lot more intrinsic value". Maintaining that confidence and excitement in the space and in your projects will keep you involved, researching, and learning about other blockchain projects during the bear market. + +What makes a good project you ask? I don't think there's any one size fits all answer but here's some factors I look for to get you started. + +&#x200B; + +1. **What problem do they claim they are trying to solve?** Does that problem seem like a real problem, or like a problem they invented so they can solve it? Do they actually solve the problem? This on takes a bit of intuition and common sense, trust your gut, be critical, and be impartial. Don't make it something it's not. +2. **Is the token actually needed to solve that problem?** Sometimes a company may be solving a real problem but the coin they created is kind of just a symbolic gesture of this and doesn't actually assist in the solution. The intrinsic value in the token is directly linked to the problem it solves. +3. **Do they have a working product?** I think there are plenty of projects that don't have a product now but will in the future. It doesn't mean they're less valuable, I'm just saying that if a bear market comes and the dev team wallet is down 90%, are they going to stay motivated to deliver on time? That I'm not sure of so I factor that risk into my investment decision. +4. **Is the project still being worked?** Look I get it, not every project is going to be completely fielded and working right this second. Look at the roadmap and see what they have planned. Look for their Github and see if they are actively working it. If you see that's been over 6 months since anyone has worked it, that project might be dead. Join the projects telegram and ask questions about the development. +5. **Do they have meaningful partnerships?** Pretty much every shitcoin out there will have at least a dozen or so partnerships. If you don't know what their "partner" is, look it up to see if it's really any value added. If someone says they patterned with Tesla, look it up to make sure they aren't claiming that Elon tweeting "I like XYZcoin" is a real partnership. +6. **Tokenomics.** This is a broad one so I'll break down some key areas. + +* *Total Supply:* How many coins will ever exist? Does that make sense to you? Does a currency project with an unlimited supply sound like a good idea to you? +* *Circulating Supply:* How many coins are released as of today? If only 10% of coins are distributed so far, I might not be eager to invest because when the new coins are released, they could flood the market and tank the price. I don't always write off a project based on shitty circulating supply, but if the allocation method or incentives don't support it, I'm out. +* *Token Distribution Method & Allocation*: How were the initial tokens distributed. Does it seem fair and trustworthy to you? How do future coins get added and over what time period? +* *Token usage incentives:* Are there incentives for having the coin? Do you get staking reward? Many projects nowadays inject supply to current holders, stakers, liquidity providers etc. This type of incentive may justify a low circulating supply if that's how they plan to distribute the remaining tokens. +* *Marketcap:* Not really a factor in it determining if it's a good project or not but will help you gauge growth potential. + +**Conclusion:** There are dozens of projects out there doing amazing things but there are also hundreds of coins that will ultimately be worthless. If you're starting out with $50, $100, or $1000 now and you're bummed you might not be rich after this bull market ends, please try to take my advice. Having coins that are solving problems and exciting to you will keep you around during the next accumulation phase and then maybe in the next bull market you can cash out and by your lambo. + +But hey, I don't know everything. I welcome those with more experience than me to share their advice for find solid projects as well. + +&#x200B; + +Disclaimer: I chose not to namedrop coins to avoid sounding like a shill or getting up voted or down voted because I did/didn't mention your favorite coin. + +&#x200B; + +**EDIT:** Thank you all for the awards and commentary in the comments. Definitely some good info down there as well, one that I think should be highlighted is the comment by /rndmsecretaccount. + +"It's important to keep reexamining whether your original thesis behind investing in your holdings still holds. One of the worst things to happen is becoming emotionally attached, because it'll cloud your judgement when yellow and red flags start popping along the journey." + +It's good to revisit your original thesis from time to time. If a project is not meeting your expectations anymore, get out. Don't get emotionally attached. +**Official announcement here with details:** https://basicattentiontoken.org/dow-jones/ + +>The two companies also aim to collaborate on and experiment with blockchain-based technology in media and advertising. They plan to test a number of innovative solutions in the news and information space, including delivering content via Brave’s blockchain-based digital advertising and services platform [Basic Attention Token]. + +Dow Jones will use BAT's blockchain-based digital advertising platform (Basic Attention Token). + +Free subscription to Market Watch and Barron's (Wall Street) for Brave users too. + +Dow Jones owns the Dow Jones Industrial Average, Wall Street Journal, MW, Barron's, a bunch of other major Wall Street names. + +Basic Attention Token (BAT) is from the inventor of the Javascript programming language, and founder of Mozilla and Firefox. + +________ + +**Featured just now in AdWeek:** http://www.adweek.com/digital/dow-jones-media-group-is-experimenting-with-a-blockchain-platform-that-wants-to-wipe-out-the-ad-tech-industry/ + +**Edit:** Just came out on CNET: https://www.cnet.com/news/ad-blocking-brave-browser-gets-big-partner-publisher-dow-jones/ "Ad blocking Brave browser gets big partner: publisher Dow Jones" + +Edit2 (/u/cryptojennie): **REUTERS:** https://www.reuters.com/article/brief-dow-jones-media-group-partners-wit/brief-dow-jones-media-group-partners-with-brave-software-idUSFWN1RV0VH + +**PR Newsire:** https://www.prnewswire.com/news-releases/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-300631972.html + +EDIT #3: Just hit MarketWatch itself, which has huge readership in the financial world: https://www.marketwatch.com/story/dow-jones-media-group-partners-with-brave-software-to-offer-premium-content-to-users-and-test-blockchain-based-payment-technology-2018-04-18 + + +Hello everyone! I want to see what current struggles you may be experiencing and I’ll offer tips on what can help. + + +Some examples may include; revenge trading, blowing up accounts, overtrading, not knowing when exactly to get in trades, emotional trading, etc. + + +Some background of myself if it means anything, I’ve been trading for 2y 2mo and started trading full time 5 months ago, I focus on price action using FIBS and support/resistance levels. No indicators + +Edit: typo in title. Also, if you commented and your post got auto deleted due to low karma, you’re more then welcome to DM me your question :) + +Edit # 2: I believe I responded to everyones question and I truly appreciate you all sharing your experiences and stories! + +(If i missed your question feel free to DM it to me) +what is your logic behind being a bitcoin maxi ? i hold a big bag of ETH but thinking of selling for BTC... + +&#x200B; + +&#x200B; + +Edit: Sold all my ETH for BTC ... +**EDIT: This is offered as an affordable alternative to a ramen diet for people on a ramen-level budget with ramen-level cooking skills and facilities, not as the One True Way that everyone should eat forever. I agree that there are healthier diets -- just not on $1/day.** + +This is my basic recipe that I live off of when I need to spend as little on food as possible. It only costs ~$20/month more than living off cheap ramen but is WAY healthier. + +This recipe is especially great for people without kitchen access because all you need is an electric rice cooker (~$20 new at Walmart, cheaper at thrift stores), a place to plug it in for 30-60 minutes, and a source of clean water. You do not even need a refrigerator because all the ingredients are shelf stable. You can cook once and eat from the pot all day because it takes a couple days to go bad at room temperature. + + +Cook in a rice cooker: + +- 1 cup rice + +- 1 cup lentils + +- 1/4 cup vegetable oil + +- ~5 1/2 cups water + +- Season with whatever you've got + + +Further instructions / tips: + +Cost: My ~$1/day cost estimate is based on Walmart prices in the continental U.S. If you have access to an Indian grocery, you can probably save money by shopping there for rice and lentils. Indian groceries also offer a much wider variety of lentils, which they call "dal." Be sure to calculate and compare per-unit prices (dollars per pound or ounce) to get the best deal. + +Calories: Use an online caloric needs calculator to estimate your personal daily caloric needs. Subtract calories from any other food sources (e.g. free food at work etc.). You can then adjust the basic recipe in ~350 calorie increments by adding or subtracting 1/2 cup rice and ~1 cup water. + +The ~1,800 calories/day of the basic recipe meets my maintenance needs as a middle-aged woman with a desk job. When I've needed to lose weight, I halved the rice to drop down to ~1,450. If you have a physically-demanding job or otherwise get a lot of exercise then you will want to add rice to ensure sufficient energy to get you through your day. + +Water: Rice cookers and personal taste vary, so adjust the amount of water up or down each time you make it until you achieve the consistency (moist or dry) you prefer. + +Flavor: The basic recipe is very plain but this makes it a culinary blank canvas you can "paint" with different flavors each day for variety. So experiment with whatever you have on hand. I've used leftover sauces from other meals, fast food condiment packets, various spices and herbs, hot sauce, salsa, soy sauce, etc. Most tips for doctoring ramen should apply. + +Upgrades: If you can afford it, upgrade to brown rice for better nutrition and extra fiber (your poops will be amazing!). Upgrade from plain vegetable oil to other cooking oils (e.g. extra virgin olive oil etc.) to impart a different flavor. Experiment with different types of lentils/dal for variety. + +Nutrition: This recipe is MACROnutritionally (carbs/protein/fat) balanced and the lentils/rice combo forms a complete protein, but it is not MICROnutritionally balanced. Here is the nutritional data for the basic recipe, to help you determine which nutrients you'll need to get elsewhere (click "Total Nutrition Facts" to get the summed values for the entire recipe): +http://m.wolframalpha.com/input/?i=1+cup+uncooked+rice+1+cup+uncooked+lentils+1%2F4+cup+vegetable+oil + +A daily multivitamin/mineral will help but getting nutrients from food is best. So, whenever you can afford to spend a little more on food, you should add eggs (vitamin B12) and a wide variety of cheap in-season fruits and veggies for more complete nutrition. + +If you are unable to buy/store/cook fresh foods, some good canned/jarred foods to supplement this with include sardines (vitamin B12, some calcium), tuna (vitamin D), sweet potatoes or spinach (vitamin A, some vitamin C), mandarin oranges or tomatoes (vitamin C), and sunflower seeds (vitamin E). Also, hard cheeses (calcium) don't necessarily have to be refrigerated to be safe to eat, they just get moldy faster at room temperature. + +I've spent several years tinkering around with a diet based on this basic recipe so please feel free to ask me any questions. Also, please share any ideas you may have for possible seasonings, upgrades, or modifications. + +I urge everyone to try my personal favorite variant of this recipe, which is a Lebanese dish called Mudajara. Upgrade to extra virgin olive oil and add carmelized onions, cumin, salt, and pepper. Mudajara is easily the highest deliciousness:cost dish I have ever eaten in my entire life! + Hi everyone, I am looking to buy an owner occupied multi-family home. I live in Austin, Texas, where realestate is pretty expensive. In order to find a duplex, you're looking at 400k minimum, even in a bad neighborhood. Our goal for the multifamily home is flexible. Perhaps we will live in it for a couple years and sell it after we make repairs and build a fair amount of equity or we will keep it as a rental property. + +With all that said, I found a triplex that seems reasonably priced for the city I live in, but I am still not sure it's a great investment. Here are the details: + +I am going to buy this place with a partner. (Yes we have a partnership agreement in place). We're both currently renting homes at $1350 a piece, so $2700 total per month going towards rent. + +This triplex is selling for $675K. We won't have enough cash to reach the 20% down, so we're looking at a monthly mortgage payment of approximately $4800. + +We expect to get approximately $3,000 in rent from renting out the other 2 units, which would leave about $1800 for my partner and I to split. This is approx $900 less than our current living situation. + +The triplex is move-in ready, but our plan is to renovate the units over the next couple years. After we complete the renovations, we'd like to rent out our unit and have the entire property as a rental. I figure that even if the property doesn't positive cashflow after I move out, I could sell it and would benefit from the low mortgage payment and larger amount of equity due to rent payments from tenants. +Simple question - when the power of compounding interest is the strongest force in a successful financial life, how do you deal with mistakes that result in massive hits to your investable assets? I don't really mean, "I had 300 bitcoins that I sold for $4!", but rather "I chose this career and I think I ruined my fucking life!" + +I'm personally struggling with the results of an employment negotiation. I started at a AAA startup 3 years ago, joined on a low offer. Since then I've taken on significant responsibility and title increases. This summer I was poached and leveraged that offer for a counteroffer at my current company. HR/boss convinced me to take about half my ask, saying that come year end they would honor the remaining stock request along with a formal title bump. The justification was that our stock pool was low and they were waiting on a refresh from the board. Like an absolute idiot, I believed them. + +Well, in the meantime we went public. HR team basically was liquidated and new HR refused to honor the handshake agreement regarding the stock, which is now worth ~7x what it was this summer. I'm sitting here with a great job making good money, but literally 2.5 million dollars poorer than I would have been if I weren't such a coward. If we double in size, as is predicted, I'm out 5 million. All of my close colleagues are walking away with retirement money. + +I always try to look at the world in a mindset that there are unlimited opportunities. Well here I likely fucked up the best opportunity I will *ever* have. I feel like a broken man! +This is my kind of thinking outside the box and so maybe this is stupid, but every time I look over our spending, I am struck by how much we pay for cars, and there's a part of me that is like "well, screw that, let me just throw away our cars and we'll just call Uber/Lyft (or occasionally rent a car) when we need to go somewhere." + +To be clear, I'm only asking about the economics here, not any philosophical stuff. I know a lot of lean FIREs rely on public transport etc, but I'm not doing that either, I'm still "FAT" (ish). But when I budget out cars, my wife and I spend approximately $500/month on gas, $200 or so on car insurance, another $500 on capital expenses (either repairs or saving for the next car), probably another $100 or so on parking/tolls... There are also implicit "costs" like "filling up my garage with cars instead of hoarding shit I don't need like most people." \[Ok, joking, but there is an economic cost to those garages.\] + +That's at least $1300/month that I don't think we'd have to pay \*any\* of if we didn't own cars, right? At 30 days per month, that's $43/day for Ubers to hit the break-even. We don't live in an urban area, so the tradeoffs are harder for us, but we probably don't drive on half the days, so now you're talking $90/day for the days where we do need to travel. That can get us back and forth from the market and a restaurant and dropping my daughter off at school and still have some leftover. + +True that Uber isn't a great model if you're taking a roadtrip, say, and we may not be urban enough for one of those zip-car type options to augment Uber for the longer drives, but I'd imagine there are plenty of places where that could work. + +Meanwhile, \*someone else\* is doing all that driving, so I can be reading a book or writing to Reddit during all that time... + +I'm guessing most FIREs just assume cars are a must-have, but are there any out there who have priced it and have tried going without owning cars? +Readers who got to the point where you could live pretty much anywhere, and wanted to live (or remain) in a very walkable urban location without shared walls, what did you do? How'd you find ultra-walkable housing in a big city? + +The "If I won the lotto, I'd live…" stereotype is a trophy mansion in a remote location with an Instagram-worthy view\[1\]. That's not what I'm after. I live in a big city where: + +* most single-family houses are in less-walkable neighborhoods (or the suburbs). If someone is lucky, they can walk to neighborhood retail. +* even the walkable houses are often 10-15 minutes (by foot) from the retail areas, not 2 minutes. +* I don't need a huge amount of space and I'm not trying to impress anyone. I'd just like to make more noise than I could in a condo or townhouse, and am willing to pay for the privilege. + +Those of you who prioritized walkability above size or site/view, what did you do? Compete with developers to buy land, then build something custom? Accept less walkability (or shared walls)? Buy 2 places, 1 in-city and 1 outside? + +\[1\]: Related questions from r/AskReddit: [https://www.reddit.com/r/AskReddit/comments/8tens6/assuming\_money\_was\_not\_an\_issue\_what\_feature/](https://www.reddit.com/r/AskReddit/comments/8tens6/assuming_money_was_not_an_issue_what_feature/), [https://www.reddit.com/r/AskReddit/search?q=lotto&restrict\_sr=on&sort=top&t=all](https://www.reddit.com/r/AskReddit/search?q=lotto&restrict_sr=on&sort=top&t=all) +I can’t be the only one seeing the parallels here. + +Ryan buys 9.8% of BBBY, tells them they’re missing opportunities and to take some of the company private, gets his squad on the board. + +Elon buys 9% of TWTR, gets a seat on the board, offers to buy out the entire company and take private. + + +Wtf is going on behind the scenes +I’m sure most of you are well aware of the momentum the bath ticker is getting across others subs, especially the big gambling one. + +Another Ryan cohen company getting massive noise across Reddit building momentum reminiscent of the GME January sneeze. + +We see a repetition of MSM like CNBC and old coke rat bashing the bath stock along with GameStop of course. + +Now we know how closely correlated these “meme stocks” are, the whole meme basket thing and how overly shorted they are in both GME and bath + +The point is, can another wave of FOMO and drastic buy pressure (in this case in another ticker but one that is so closely correlated to GME) be the final spark to ignite MOASS? The momentum is really there and I don’t see that train stopping anytime soon. Would appreciate if a wrinkle brain would write some DD on this matter, if one already exists on it pls tag it for me + +Edit: I am not advising anyone to buy Bath stock, simply trying to put 2 and 2 together here +I have no debt. I will be looking in the Minneapolis area. I am under estimating my total savings around 10k for a safety net. I spend around $700 a month on food, gas, fun ect. What is a reasonable amount I can afford for a home? +I think a huge problem in this space is everyone calling the coin/token competing with the one they are invested in a "scam". + +All this does is hurt the general image of crypto making it seem like theres tons of scams in the space. + +Of course, there are scams in the space, but most of the top 100 coins that get called scams are not scams. + +This is an incredibly exciting new space with huge potential and interesting challenges that has captured the attention of thousands of developers around the world. There are lots of people that want to see what they can do with this new technology. We have no idea which coin or token will really be adopted one day, or which one will successfully scale to the number of transactions per second needed to support global adoption. + +Calling other coins scams because you want people to invest in your coin instead first of all doesnt work and second of all is bad for everyone. + +Focus on the good things that the devs of your coin of interest are doing instead. +https://www.bloomberg.com/news/articles/2018-12-22/california-s-pg-e-roiled-as-regulator-raises-breakup-threat?srnd=premium + +> After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp. is facing a deterioration of trust among state leaders. + +> The California Public Utilities Commission on Friday began a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, carved into smaller regional subsidiaries or converted into a publicly owned company. The regulator also will look into less drastic steps, such as whether PG&E needs new board members or management. + +> The step came a day after a key state senator demanded changes to the board and executive suite. + +> “Enough is enough,” said Senator Bill Dodd, a Democrat of Napa, who had been considered friendly to the company after writing legislation that will help it pay for lawsuits arising from last year’s wine country wildfires, many of which were tied to its power lines. “We have to have a safety culture at PG&E.” +I'm 21 and working for a company that requires me to do a lot of mindless work with my hands at the moment. I've got a lot of time and I can listen to my music or whatever while I work. I recently started listening to investing podcasts, started with money tree investing. They kept bringing up this book Outliers, a book my dad actually gave to me a long time ago and I never got to reading. Basically I found it on YouTube and downloaded the audio and listened to it in just a few days, got me thinking that I could actually learn a lot about investing while I work this mindless job. So like the title says, list your top 5 investing books in the order that you think I should listen to them! You get bonus points if I can find them for free. +This is going to be a game changer in the OTC. I think this gets bought out or uplists to Nasdaq. The fact the company directors own half of the shares tells me all I need to know. + +&#x200B; + +CAPC is a deal right now under 1.00 + +GLTA +Hello my dear Apes, HAPPY 300!!!! I come bulling gifts!! + +TLDR: In the event of MOASS disruption, go here for DD, it can't be taken down now. Not by me, not by shills, not by anyone. It's backed up to Git, IPFS, and Wayback! + +* [ipfs://Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx](https://dweb.link/ipfs/Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx) +* [https://github.com/rlamb2/SSDDScraper](https://github.com/rlamb2/SSDDScraper) + +Also, maybe we should use a decentralized chat app like [iris.to](https://iris.to) ([invite link](https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM_xoTmDC-6KHe_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT)) + +\--- TLDR done --- + +As we all saw this morning, one little snip here, or fat check there, and our entire network crumbles. This is not acceptable, and this WILL happen when the MOASS starts. So what is there to do?? + +I know I know, everyone is all "go gingham style!!" but when that goes down too, and we're scattered amongst twitter trying to share Dropbox links, people will get nervous. Did that DD ever actually exists?!?! HOW DO I KNOW FOR SURE?!?! IT"S BEEN 10 MINUTES!!! + +We need something safer, more robust, and more importantly, not owned by anyone who can go shill at the drop of a dime... especially me!! + +[So here's what I built](https://ipfs.io/ipfs/Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx). I'm not some fancy-smancy financial analyst, or a badass micro-expression expert, but I can scrub web content with cobbled together code snippets from StackOverflow! So I copy and pasted my way to a V1 one of a DWeb site that supports the following features: + +&#x200B; + +* [Hosted and pinned on IPFS](http://ipfs.io/), which means the content is spread across hundreds of nodes, you can even host your own in Brave Browser. I can delete it off my machine and it won't matter, someone else has already replicated the content and it [can't be modified!!](http://docs.ipfs.io.ipns.localhost:8080/concepts/immutability/) + +[So many peers!!](https://preview.redd.it/j7qmcs7jk2471.png?width=1193&format=png&auto=webp&s=07821be5134364fdb035fa55d9ee417bbe412b35) + +* All (or nearly all) evidence downloaded and stored on IPFS locally, so if someone deletes shit from imgur or reddit images, fuck 'em, we got our copy and that shits INLINE! (except for albums/gallery's, that shits complicated, but see last bullet for workaround) + +[notice the local reference?? It's stored here: ipfs:\/\/bafybeifoypyt7xdtvpi5nzrtiyjghsx276knrsa3bpqms2kqdddrdzlj2e\/img\/vrpqxaonn6u61.png](https://preview.redd.it/r1xlwf4wk2471.png?width=1481&format=png&auto=webp&s=d1ad6f7a511df8a8bfaf4344f2ffa2535085841f) + +* While copying the content I went ahead and re-published all DD to Wayback machine, and grabbed the links closest to original posting time! Seriously, this made the export soooooo much longer... worth it! + +[Wayback ranked by: Near OP Date \> Latest \> Day of Archive \(6\/8ish\)](https://preview.redd.it/529gk29el2471.png?width=1286&format=png&auto=webp&s=23f828bdffbb6fef7f112f6798d835dc6ce98ba0) + +* And since I was spamming wayback anyway, I did the same for [ALL embedded links](https://github.com/rlamb2/SSDDScraper/blob/master/archives.json), creating a new wayback archive (unless one near posting existed already)! However, I still need a solution for YouTube links, I backed up [all the youtube links](https://github.com/rlamb2/SSDDScraper/blob/master/youtube-list.txt) to a file so we can scrub those separately... maybe use a web-torrent video solution for these?? Suggestions welcome! + +https://preview.redd.it/hil2dxink2471.png?width=1295&format=png&auto=webp&s=39c2292b03d2fee44f4600a926da7e5037df3537 + +* Oh, and I injected the wayback links inline to the post as well, so if you're readding HOCII and the fuckers tried to edit Investing.com's definition of "fuk'd" you can see the original + +&#x200B; + +Couple things to note: + +* You can use the direct Qxx links, but one problem with the immutability concept, we can't add NEW DD to that Qxxx page, so I have to build a new one and republish with the updated list of DD, which means a new CID. Thus, if I update with new DD, I'll try to periodically update the an ens address/URL, though it costs like 5-10$ each time, so wont' be updating often. Not sure if we can use an OrbitDB node in browser to solve this or not?? +* Further more, I think there needs to be a more resilient communication system. Twitter is great, but I think iris.to might be better? Especially compared to discord that can be shut down with a few shill reports. I've not really used it much (none of my -3 friends want to test it with me :( ), and I'm not affiliated with it in anyway, but I created a room called Superstonk here, might be useful idk: + +[https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM\_xoTmDC-6KHe\_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD\_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT](https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM_xoTmDC-6KHe_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT) + +Mods, contact me via verifiable means and I'll make your iris account the owner of this group. I don't want this to be a shill vector by adding some rando to the mix (me). The whole point of this is that I can disappear and it doesn't matter!! + +hmmm lets see...what else. Oh, I published the whole thing (included DD text, but not images...sry I'm on a free account till MOASS) to [GitHub here](https://github.com/rlamb2/SSDDScraper). DONT LAUGH AT MY CODE, IT WORKS DAMNIT! + +Welp, that's it.. Be free my little data project... go off into the wild and grow big and strong like a single GME share!! + +Oh and if you don't mind, if anyone is hosting an ipfs node, please pin it: Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx + +Edit: some wurds +I'm trying to understand the difference between these two vehicles for playing volatility. As I understand it, both VIX and VXX calls are based on futures contracts. Due to the extreme volatility lately, the premiums on these options are quite high. I'm trying to understand how to play calls on these vehicles in a smart way, how how best to measure my risk/reward. + +Does anyone have advice or perhaps a link to a book/article I could review? +Hello euroapes ! + +Like the title says, DRS can be faster than what you think, even for Revolut hodlers. +In 5 business days it was registered and transferred. +I called this phone number: +800 38233823 +It’s GME DRS division at Computershare. They answered from UK. She was a lovely lady, she said I could receive the first letter by AIR from UK FOR FREE. +She also mentioned that for the second letter (security code) I can pay them 30$ and do some security checks to receive it by EMAIL. Yes by email and instantly. + +This is very important guys. Spread this please. I was a bystander for a long time until last week. Computershare’s service is awesome, the employee was super nice and friendly. Don’t hesitate to call this number and ask for help. +800 38233823 + +Upvote this so all europoor apes can stop being afraid and DRS + +Edit: PROOF FOR THE IGNORANTS, here’s a [screenshot ](https://imgur.com/a/Eu644yN) and here’s where to find it on ComputerShare official’s website (go to section I’m outside of the US. Is there a number I can ring to discuss my GameStop shareholding? ) http://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies + +Edit: typos + +Edit2: one of you mentioned that «the email on the 2nd email has been reported to only be an option for accounts valued at 5000$ or less». If that’s true, you can still get your 2nd letter shipped faster by AIR (for 5000$< accounts) +Not an actual scenario for me, but just for my own curiosity and to settle an argument. If you were terminally ill and didn't have long to live could you marry your partner so they could avoid paying IHT on any cash or assets you chose to leave them? Or would that look too obvious to the taxman? Is there a period of time you'd need to be married before any exemption kicked in? +I'm the only that manage the finances side of things and my wife spend it (lol) so she's not much involved in the numbers/spreadsheets. + +About two years ago the husband of one of our friends suddenly passed away in car accident and his wife didn't know anything about their finances. Since then I have printed a few pages with all our bank accounts, paypal, credit card, passwords, etc, stored in a folder where she can easily have access in case anything happens to me. All of our bank/credit cards have the same password, again to make it easier for her. + +However, because it's easy for her to access, so is for a thief which could be a problem. + +Just wondering what everyone else is doing? + +Thanks +Perhaps reflecting on the past rate hike cycle will help us to understand whatight happen this time if Fed raises rates past the CPI. Requesting senior members to recall what happened to the Stock market in 1979-81 period when rate went from 11% to a peak of 20%? And how do you think that steep rate hike would look like in this modern world with huge Debt to GDP ratio? + +ty +Before you start going to anti-GME subs, bashing other stocks on other subreddits that are growing in unison, or just being a general jerkoff, remember this. Don't. + +You do not speak for the entire ape family. You may be excited about your gains and may feel the need to kick other stock shareholders in the face or egg on people that want to see us fall flat. Grow up. Stay here. This ape will beat you down to get you to stay in line. You are doing more harm than not. + +Let's be mature, let's celebrate our wins together and let's keep our heads in the game. I don't want you to give anyone a reason to not take us seriously, because I am serious when it comes to this. I and others hold for you. Think about that statement and be better for the rest of us. +I have a raging clue. At least, it’s all incredibly suspicious. + + + +Some quick DD for you all: + + + +FTX US Derivatives - here’s their board of directors. + +https://www.prnewswire.com/news-releases/ftx-us-derivatives-announces-board-of-directors-301463938.html + +Notably, the Chairman of Board of Directors is Larry E. Thompson. + +He has a career spanning several decades at the DTCC. + +His highest role before retiring from DTCC was vice chair of the DTCC. + + + +https://www.marketswiki.com/wiki/Larry_E._Thompson + + +> Larry E. Thompson is the former vice chairman of The Depository Trust and Clearing Corporation (DTCC). He is also co-chair of DTCC’s Internal Risk Management Committee. He was responsible for all legal and regulatory activities of DTCC and its subsidiaries, The Depository Trust Company (DTC), DTCC Deriv/SERV LLC, and the National Securities Clearing Corporation.[1] He retired in December 2018. + +> On January 19, 2022 he was named chairman of the board of FTX US Derivatives (formerly LedgerX), a CFTC-regulated digital asset futures & options exchange and clearinghouse.[2] + +> Up until February 1, 2017, he was also general counsel at DTCC but stepped down from those duties to serve full-time as vice chairman.[3] + +> Background + +> Thompson began his legal career with DTCC as associate counsel in 1981. He was elected vice president and deputy general counsel in 1991, became a senior vice president in 1993 and was named general counsel in 1999. Previously, he was a partner in the New York law firm of Lake, Bogan, Lenoir, Jones & Thompson. He also practiced law at Davis Polk & Wardwell. + + + +___ + +Other roles per his biography hosted on sec’s website (google search, should be first result, will be PDF hosted on SEC’s site): + + +> Mr. Thompson is General Counsel of The Depository Trust and Clearing Corporation (DTCC). He is a member of the DTCC Executive Leadership Team and co-chair of DTCC’s Internal Risk Management Committee. + +> Mr. Thompson is responsible for all legal and regulatory activities of DTCC and its subsidiaries, The Depository Trust Company (DTC), DTCC Deriv/SERV LLC, and the National Securities Clearing Corporation. In this capacity, he interfaces with government and regulatory agencies on issues impacting the company. + +> He handles complex negotiations, including the merger-and-acquisition agreements. He oversees litigation. In addition, he acts as chief negotiator for collective bargaining agreements. + +> Mr. Thompson provides crisis management counsel to the senior leadership team; serves as counsel to the Employee Benefit Plans Committee and provides day-to-day advice and guidance to Human Resources. + +> He is a founding member of the DICC’s Diversity Committee; helped develop the company’s Code of Ethics; established policies governing workplace harassment; and has played a central role in building collaborative relationships between the union representing many of DICC’s clerical employees and the company. + +> Mr. Thompson is a 2005 David Rockefeller Fellow, having been selected to participate in a program designed to strengthen its fellows business and civic leadership skills, positioning them to help shape the future of New York City. + +> Mr. Thompson began his legal career with DC as Associate Counsel in 1981. He was elected Vice President and Deputy General Counsel in 1991, became a Senior Vice President in 1993 and was named to his current position in 1999. Previously, Mr. Thompson was a partner in the New York law firm of Lake, Bogan, Lenoir, Jones & Thompson. He also practiced law at Davis Polk & Wardwell. + +> Mr. Thompson is the former Chairman of the Securities Clearing Group and former Co-Chairman of the Unified Clearing Group. His memberships include the New York State Bar Association; the New York County Lawyers Association; Association of the Bar of the City of New York; Business Executives for National Security; and the Global Association of Risk Professionals. + +> He is a trustee of the American Foundation for the Blind. **(My note, ok, have to chuckle here given the circumstances of what happened to FTX. And much respect to anyone who is blind or low vision.)** He is a former director of the Legal Aid Society of New York and a former director of The Studio Museum of Harlem. + +> Mr. Thompson earned his B.A. degree from Yale University with cum laude honors and as Scholar of the House. He earned his law degree at the University of California at Berkeley.” + + +___ + +**Other board members include:** + + +- another DTCC employee (managing director) +- Vice President and Deputy General Counsel at Robinhood +- Global Head of Strategy for Digital Assets for the Susquehanna International Group of Companies (“SIG”) + + + +**TLDR** +Haven’t gone through the rest yet. + +Just a head’s up though, that at least 1 of those board members, **the chair of the board of FTX US Derivatives, had significant experience and time working at the DTCC, in many roles.**. Can’t speak for the other person at the DTCC on this board yet, but his history in itself is a bit damning. + + +___ + + + +Apologies for the lack of formatting, I’m swamped with work and *gestures broadly* all of this skullduggery, everywhere. Edit - formatting hopefully is a bit better now. +Whatsup Apes, + +As another entertaining as fuck last few weeks passes I got to thinking: Why hasn't GameStop done anything yet about the now very public international securities fraud that is taking place with the splividend? + +I think the answer is clear based on precident previously set from other fraud cases that have been held against the DTCC in the past, which have all been dismissed in federal court while the DTCC claims the companies are simply blaming their stock decline on the DTCC when it is in fact their own fault. + +Imagine how infuriating this would be as an honest business owner? + +Ryan Cohen knows that taking this issue to court is suicide and he'll both be struck down and ridiculed by the corrupt individuals in place. + +That's exactly why around a year ago they declared their right to leave the DTCC if they show that they cannot perform their duties properly. + +GameStop isn't going to ask if they can leave the registery, they are just going to do it and then the DTCC will have to defend themselves on the issue with the ball in GameStops court. GameStop has previously declared their intent to act based upon failure to properly administer their share actions. With the splividend, they have officially created a share action that was improperly administered. GameStop already notified everyone of what they would do, and now they have been handed the right to do it. + +The DTCC now has to step out of their game to explain why this shouldn't be allowed. This is the opposite of what previous failed attempts have done (other than Overstock.com). Instead of GameStop stepping into their game to explain why they are right, they are forcing the DTCC to step into their game to explain *themselves.* + +This is juicy people. I'm eating reasonably priced popcorn from the grocery as I watch this unfold. + +This is the pirate flag meaning. We are about to fucking commandeer this market and make it our own. We are taking it back from the elite and giving it the people to enjoy with honesty. + +Fuck Ken Griffin and every single person on his side that profits from destroying the American Dream. You could not be less American. You could not be less patriotic. What is being done is treason upon freedom of the people. + +GMERICA! + +BUY DRS HOLD +Absolutely huge news today! Ethereum proof of stake is now being tested (can't be that long until main net, Q1 or Q2 2018 maybe?). This is the pivotal technology that will keep the Ethereum economy going -- now all the ICO will have an incentive to stay with Ethereum so there will be more holds, more activity, and more use of the network. + +We're going to have a decentralized internet and app ecosystem after all! This will disrupt the Apple App ecosystem which is billions of dollars each year. + +Absolutely huge for Ethereum. I remember when the iPhone 1 came out and had apps on there but nothing useful until the App Store came out. This feels like those early days. Now we have Cryptokitties and Cryptotanks. Soon we will have thousands of apps, new app store systems, and payments all running on Ethereum. + +I can't stress this enough... proof of stake enables all of this because it becomes an App ecosystem and no longer mined proof of work. It moves from a currency to an ecosystem, and ecosystems are worth a lot more. So I'm feeling $1000 by end of January. When Proof of Stake is released we are going $3,000+. + +What's your feeling on this? +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. +Alright folks. Someone probably already did this but if not, do I have a treat for you! + +So I’ve never heard of this Glacier Capital and the set up for was real SUS. But SUS for another reason. + +*Drum roll* + +The majority owner of Glacier Capital is + +SUSQUEHANNA CAPITOL GROUP + +So that’s crazy right? One of the already sus players is now setting up their scapegoat. + +Who has connections with Glacier and Sus? + +The main boss Citadel. These turds are just dumb adds. Fodder snipe celly bros + + +Here are some neat links: + +Glacier Capital SEC filing: + +https://sec.report/CIK/0001067843/amp + + +Not financial advice. I literally mess up 5 minute rice. +He bought the domain in 2017 for $16 and sold it for half a million. True diamond hands? + + +&#x200B; + +[Someone offered $500 ](https://preview.redd.it/qcs29psd0ow81.png?width=689&format=png&auto=webp&s=2d62bffd95a006007c6cc2f1da928959cfb0a2d4) + +Initially he wanted 10 BTC for the domain. + +&#x200B; + +[10 BTC offer](https://preview.redd.it/5jk37vtn0ow81.jpg?width=1392&format=pjpg&auto=webp&s=52b492b6f1d2104ba85a9568aef1941e10f3a815) + +&#x200B; + +&#x200B; + +[This is how it went](https://preview.redd.it/1qyu9adt0ow81.png?width=712&format=png&auto=webp&s=ad47cad14c7a8d7bba9fbe9bc35b0842e7ad4ef3) + +&#x200B; + +[GoDaddy Broker first offered $500 ](https://preview.redd.it/rxswfz611ow81.png?width=701&format=png&auto=webp&s=3ff222bc0575ad917c34ba5930da13242bf7532a) + +GoDaddy Broker first offered $500 for the domain which was already an insane amount for $16 domain But he negotiated his way to $450K. + +&#x200B; + +[This person had some dedicated. He declined 12,500x profit.](https://preview.redd.it/bnvw70hc1ow81.png?width=702&format=png&auto=webp&s=ec17a99a030332a6c37948e0a96f7f410806676d) + +&#x200B; + +https://preview.redd.it/5j0hocrh1ow81.png?width=620&format=png&auto=webp&s=d6ce979bbc9a48b0f1bea3ddf9af56e2cf3a5743 + +First the broker didn't like his 10 BTC demand, was also shaming him for his insane demand. + +&#x200B; + +&#x200B; + +https://preview.redd.it/tdqg6nbq1ow81.png?width=702&format=png&auto=webp&s=455d67f7ac7fc2964ba340cb780f75a9df565206 + +If you want to read the whole thread + +source: [https://twitter.com/cryptofelon/status/1519785502832046080](https://twitter.com/cryptofelon/status/1519785502832046080) + + +Life Token is a charity-orientated token on the Binance Smart Chain. Our goal is to aid Suicide Prevention charities all over the world, to help save lives. In addition, it is a hyper-deflationary token that aids suicide prevention charities. + +Every 40 seconds someone commits suicide and Life Token donated to suicide prevention charities 4 times to prevent suicides. + +Short Term: Creating our charity-oriented NFT marketplace and creating a staking platform for all our holders, in order to assure better market stability. + +Long Term: Planning to create our own charity, The Life Token Foundation, that will host a worldwide 24/7 suicide hotline. + +Tokenomics: 5% of every fee is redistributed to users 3% is donated to charities and 1% is used for marketing & promotions 1% gets burned to reduce market liquidity and increase price over time. + +Holders: 8000+ + +**Buy $LTN here**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x36f66d61db3497f7fdba22efd2a251753a95d0e2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x36f66d61db3497f7fdba22efd2a251753a95d0e2) + +✅CMC + +For more information: + +Website: [https://www.thelifetoken.com](https://www.thelifetoken.com/) + +Telegram: [https://t.me/LifeTokenTG](https://t.me/LifeTokenTG) + +Twitter: [https://twitter.com/the\_life\_token](https://twitter.com/the_life_token) +[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](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[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 + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [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. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +I've always wondered when I'm driving, hypothetically, if you got into an accident and It was obviously the other persons fault, and he/she did not want you to call the authorities or report it (maybe they have an accident history?) and instead they offered a large sum of cash (5-10k) cash or check, is there a catch? What are the steps you have to take in these situations? + +edit: Well...definitely got more information and opinions than I thought I would. Thanks PF Reddit, you guys are great! Also, this is just hypothetical, I drive about an 1hr 15min everyyday to work, and yeah....the question always pops up in my head! Thanks again! +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. +So when I first turned 18, my older sister came to me and asked me if she could use my SSN to open up a light bill. She was a single mom with two kids at the time and was really struggling, and I felt sorta obligated to help. I really love my niece and nephew and when she told me they couldn't even watch TV I felt so bad. She made me promise not to tell my mom and swore it'd be temporary and that she wouldn't miss a payment because she knows how important credit is. +At the time, I didn't really know myself and wasn't too worried because I knew I wasn't getting my own place anytime soon (I was just starting college). She ended up lying and let the bill go over thousands of dollars without me knowing because I was under the impression she was always paying it. Once I found out, I called and had them close the account so she wouldn't make it go higher. Now she's refusing to pay it and I don't know what to do.. I spoke to the company and they sent me identity theft/fraud paperwork to fill out. She says she won't get in trouble and it's not fraud since I told her it was OK. But some people are telling me permission or not, it's a crime. I just wanted to know what I should do? I don't really have adults around me for guidance or advice + +** Just wanted to add a thank you to everyone who’s helping me and being so kind. It makes me feel so much better to know there’s people out there who want to help. + +And for some extra context, I am in CT +So the news is out that Walmart is raising a lot of people's wages. The investment thesis is based on this: wages have been flat while profits have been up. Consumer spending in the bottom 50% has been restrained. If this starts moving in the other direction, who is going to benefit? + +If this is the first shot in a volley of companies sharing the wealth with employees/consumers, where is a good place to have investments right now? + +Edit: Not talking about Wal-mart employees specifically, talking about the US consumer possibly getting up off the mat if this is the start of a trend. Sorry it got misread. Never mind. +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 +Wanted to share a personal success that I cannot share with anyone else in the real world for obvious reasons...even close family members except my wife. + +After the latest deposit in Oct, my cash amount went above million usd. I was already hitting 2 million+ based net worth as shown in mint but now the actual liquid asset number is a million which is quite exhilarating to be honest. :) + +About myself - +Mid 30s couple in east coast. I have a full time stem based job and my wife works part time but also has a high paying job. I also started a business 3 yrs ago which is now pulling in 6 figs. We have a new house worth almost 1/2 mill on mortgage and 2 toddlers. + +I realize I have too much liquid cash in hand, but the way I see it, I invest in my own business where the return is over 30% net profit (ROI is more than 100+% return) which is way better than stock markets etc. Also, now that we have had a 10 yr bull run...I am biding my time for the next market crash so I can scoop in and buy stocks and real estate. + +Happy to answer any questions. +I was trying to do other work today, but there's a lotta hoopla about the recent FTD debacle, and this is squarely in my wheelhouse. So let's dig in. + +&#x200B; + +First, here's the data: + +Raw: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +Twatter: [https://twitter.com/chartexchange\_/status/1498373341375307778](https://twitter.com/chartexchange_/status/1498373341375307778) + +https://preview.redd.it/wpg3sb9ghnk81.png?width=1197&format=png&auto=webp&s=996aeba7067de4f05e29757facbfc58b8fe2677c + +&#x200B; + +Let's go through the basics. + +1. The SEC releases half a month's data in arears (with a delay). While I disagree with the delay, especially in an electronic system with time measured in sub-milliseconds, this is standard for the stock market. +2. The SEC accidentally released the first half of February's data (Feb 1 to Feb 14) *for all stocks* on February 15th. Since they published data through the 14th on the 15th, they get the data daily. +3. Neither the notional amount ($ value), nor the shares volume changed between the February 15th and February 28th publishings. Only February 1st's "FTD Change" data changed, and that's because the twitter user compared it to Jan 14th on the left and Jan 31st on the right (user error). +4. FTDs have a forced buy in at T+2. There are rules in place for this. Usually happens within an hour of market open (1030AM EST). Some sales have longer forced buy in window, like Options. +5. The FTD data, by stock and date, are snapshots at the EOD of how many total FTDs were outstanding. You don't get to sum the days' totals to get one big total. +6. Even though they are called, "Failures to *Deliver*," the *recipients* report the FTDs for the shares they did not receive. +7. Because the *recipients* report the FTDs, it would be [fucking illegal](https://www.law.cornell.edu/uscode/text/15/2) to collude with the counterparty to stop reporting this data accurately for financial gain. Financial gain is not limited to profits. Financial gain can include mitigating losses. There are four different sets of laws that can apply here. I picked one. + +&#x200B; + +# Hear me when I say this: + +Of alllllll of the loooooong list of complaints I have about the SEC, *absolutely nothing about the early release of the data impugnes the SEC.* + +&#x200B; + +For those of you still reading - + +I don't know what the fuck is going on with the community posts, comments, and upvotes lately, but you guys have gone from wearing your critical thinking caps to going full retard in the span of *three whole days.* + +When you see bullshit rising to the top, politely call it out with facts and sources. If the FUD is getting rewarded, *report the comment to the mods*. They can see who issued awards and find patterns of behavior. + +&#x200B; + +And if you want to view the sub without the forum sliding sea of purple ring posts, [https://www.reddit.com/r/Superstonk/search/?q=-flair\_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict\_sr=1&sr\_nsfw=&sort=hot](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=&sort=hot) + +&#x200B; + +Edit: A couple examples of posts that allege this data as "manipulation" or "fraud" etc... + +[https://www.reddit.com/r/Superstonk/comments/t3n7xg/sec\_caught\_red\_handed/](https://www.reddit.com/r/Superstonk/comments/t3n7xg/sec_caught_red_handed/) + +[https://www.reddit.com/r/Superstonk/comments/t3ro6i/the\_new\_ftd\_numbers\_today\_are\_more\_proof\_that\_the/](https://www.reddit.com/r/Superstonk/comments/t3ro6i/the_new_ftd_numbers_today_are_more_proof_that_the/) +Hi all, I am SajiMeister. I wrote 25 pages of the Long Con and a few other DDs. My old DDs have some good substance but were at the beginning of my research. Please check them out if you are interested, they are linked to my profile. + +🦍The attached PDF is a VERY ROUGH draft of a DD I am working on regarding FTD cycles but have not had a chance to finish it. I am posting this only so apes can have access to this information going into the next few weeks. I will post a finalized peer reviewed version as soon as I have enough time to complete. I estimate a 200 page DD when finished. + +Link to unfinished DD on FTDS below. Warning it is very dense and unfinished. + +🚀 [https://pdfhost.io/v/XvUw02URW\_Space\_Apes\_Guide\_To\_FTDs.pdf](https://pdfhost.io/v/XvUw02URW_Space_Apes_Guide_To_FTDs.pdf) [🚀](https://docdro.id/3hcPvqH) + +Edit: took down google link due to popular demand. + +Wanted to include a convo I had in a Direct Message with another redditor on this post as well. I will also write a more detailed DD on this when I have a chance but want to get this info out. + +&#x200B; + +&#x200B; + +https://preview.redd.it/gqxbxqanhfd71.png?width=862&format=png&auto=webp&s=7dcb65587a3faeb92d290ee49647f11f64942db4 + +https://preview.redd.it/1akinu7qhfd71.png?width=1103&format=png&auto=webp&s=ad4d163e2093ed573816d574dfd17b0469bd9c3d + + + +**QUICK THEORY OF WHAT HAPPENED IN JANUARY** + +I was going to get into this in more details, but I wanted to paste a quick DM message I discussed with someone on reddit regarding what happened in January and what most DD writers are missing. + +If whales time the super wedge precisely you can get massive price movements since the support and resistance meets up and they need to recalculate algorithms. Recall a few million shares at the apex and you will destroy shorters. + +That’s why shorters moved away from borrowing and moved to FTD's and shuffling. Some institutions in January sold off and they ***HAD*** to recall their shares to sell off. It put the shorters in a pickle, they were forced to deliver shares whether naked or market bought + +Shorter’s didn't like the predicament they were in so they used options, ex-clearing, settlement cycle delays and other methods to move short positions to a place where they can’t get forced share recalls. + +No one talked about what I just said in other DDs but institutions ***HAD*** to recall shares to sell off in January. Fidelity sold around January 20th with over 10 million shares. You damn well know they had loaned shares. They recalled the shares then sold. Other institutions that evaluated GME as say a 40$ max company started selling off when the price was 50$ plus. They also recalled their shares on loan to sell. Mix that in with retail mega buying pressure and you have an infinite squeeze. Shorts naked shorted institutions who wanted shares to leave positions. They probably also shorted retail or used odd lots and internal clearing to deal with these "pests". Then institutions used the naked shorts to leave. That’s where the massive volume came from. Shuffling. The shorters either used settlement cycles c+35, options, ex-clearing, and other methods to keep short positions open to wait for the price to drop to not go bankrupt. Price didn’t drop so come February the shorters locked into c+35 covered them on the way up since they were locked out from marking shares as short per Reg SHO then shorted it down when they clear their outstanding Ftds. This left the positions open but probably hurt them since they had to buy up FTDs before they were able to short again to not go bankrupt. Say they covered at an average price of 80$ then shorted on the way down with an average gain of 70$ per share. They still lost at 70$ per share but were able to stay alive. Remember shorts do not need to report Ftds if they use ex-clearing. They still have to oblige to maximum settlement time aka c+35 so they can defend any penalties sec tries to throw at them. Hence why they hire SEC execs to work in their legal department. I believe the deep otm put options never get shuffled tho and we are only seeing volume from the shares shorters chose to move to C+35 cycles. A tip of the iceberg of naked shorts floating around. + +Any arguments wrinkled brains? I have never had anyone discuss my theory. The chart I keep sharing shows obvious correlation with c+35 and short interest drops. + +&#x200B; + +https://preview.redd.it/iuccalpvwld71.png?width=627&format=png&auto=webp&s=54f26cce47c70800fcbc18bf4dab1e39286e4b7f + +&#x200B; + +C+35 and threshold T+13 Correlation Graph. Pretty convincing but I'll let you decide. + +Would love for someone to make a counter argument. + +I put out a dd on this a couple months ago but didn’t get that much attention because ppl said institutions never sold off in January. And the reason why they hated the theory is that if institutions recalled shares then shorts closed their positions but it is not true. You have to think past that and look at the data + +Institutions sold off a lot in January through March. Retail bought up shares and shorters naked shorted to not realize any losses hoping the price would fade down since retail is retards. + +This chart says a million words. The short interest lines are by the millions of shares and are Ortex estimated short interest drops on said days . The correlation is staggering regaring when short interest drops and the c+35 settlement cycles from that. My guess is that a percentage of the short interest drops is due to institutions big or small wanting to sell off some of their positions. Recalling their shares triggers shorters to naked short in the name of liquidity and use c+35 cycles to reshuffle + +[https://www.reddit.com/r/Superstonk/comments/npd3dg/a\_look\_into\_short\_interest\_reported\_why\_it\_is\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/npd3dg/a_look_into_short_interest_reported_why_it_is_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It’s old and before I was very informed with settlement cycles but I outlined the theory and still believe the theory is 99% correct. + +I even got a snake award for it but I am 99% certain my theory is correct and people dance around it because they believe that shorters report short interst and not institutions. DOMO capital even backed up this statement in the AMA they did. + +Now that shorters took control of shorts using naked shorting they don’t report them anymore. + +Ftds are settled ex-clearing which is a giant loophole to not report Ftds. The sec acknowledged this and said they wouldn’t change it unless “it gets out of hand”. + +The giant drops are from institutions receiving their naked shorts then selling off. Less institutions now, hence why the volatility is less on run ups. + +Basically they said only 10% of trades are settled through ex-clearing “external clearing” . So they didn’t think those numbers would impact the market. The thing is that with gme they are using ex-clearing way more than any other stock because they are in a corner and will use any loop hole to stay alive. + +Bonus Graph + +The below graph compares reported Ortex estimated short interest (grey line) to estimated short interest based on analyzing data from Ortex regarding borrowed shares (orange line) and returned shares every day. Basically the orange line starts at the end of July with official short interest numbers from July then the remaining line is only drawn using the daily borrowed and returned share data from Ortex. As you can see the estimate falls in line with Oretex's estimated short interest for the most part until the January extreme drop off in short interest. For some reason Ortex's short interest estimate doesn't even fall in line with their reported borrowed and returned shares every day. Using Ortex data instituional short interest is at least at 60 million shares. This does not include option FTDs, settlement C+35 FTDs or in house FTDs. Some more research needs to be done on this but it is eye opening. + +&#x200B; + +https://preview.redd.it/jf8v4w51xld71.png?width=624&format=png&auto=webp&s=2434b158d570c962f1e3bedf1a325e650e5fe4e0 + +If you want to see how the short interest estimate was made using ortex dat see the figure below. + +📷 + +***TLDR:*** The attached PDF is unfinished but has 80 pages worth of useful information regarding FTDs. Shorters use ex-clearing to keep FTDs open without reporting. Short interest drops also follow C+35 cycles. The short interest was moved from borrowed shares to naked shorts since January. These numbers do not have to be reported if done through ex-clearing. Prior to January sneeze institutions loaning out shares were the ones reporting the numbers. The number of institutions loaning shares dropped hence why the reported short interest dropped. The shorts are still being hidden through FTDs which have a complex rule book but obvious loop holes. The institutions left diamond handed through the January squeeze and will not sell at the low runup prices being seen. The flash crashes seen in January and March were due to shorters giving institutions naked shorts. The institutions wanted to sell but had to recall their shares to sell so the shorters gave them naked shorts or shares created out of thin air. The institutions then sold off the naked shorts to leave their position hence creating the flash crashes. Retail bought up these shares thanks to the help of wall street bets and Elon Musk. Check out the PDF linked at the top to discover ways to hide FTDS. + +As always buy and hodl. Read through the PDF to get more wrinkles if you are into that. And rockets 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +***- Saji*** + My daughter came to my wife an I a week ago asking how she could earn $1,000 usd to convert to Robux. Naturally we asked her why and she was prepared to answer. + +Apparently there was an item on the Roblox market place she had been tracking the value of. It is called “Super super happy face”. Trust me you can’t make this shit up. It was trading for 118,898 Robux. Don’t ask me for usd conversion rate but she had it figured out. Probably roughly $1,000. + +Anyhow she did a DD on it. And the person selling it posted on their profile it’s price was definitely going up in value. That’s some solid guidance but she didn’t stop there. My kid charted it out. She tracked the last few sales. Sure enough the line went almost straight up. It was even better than Jan 2021 meme stonks. No dips. None. Just up. By this time she had me on board. To my wife’s dismay I reached for my credit card. I couldn’t believe it. My own kid had found the fool proof plan. Our ticket to tendies. + +She had an EOY target price of $1 million. I’m not sure if this was usd or Robux. It didn’t matter for her strategy. I asked her how we could convert it back to usd to cash it out. And she looked confused. “Why would we ever need to do that? After I sell it I have 5 other items I’m going to trade for that also will only go up in value” + +It was at this moment I realized she might have a problem. To me this is no different than making a $1,000 deposit on Draft Kings and hitting a multi leg first basket parlay for $1 million and never intending to make a withdrawal. Her entire well thought out plan has zero intentions of EVER converting any of the profits back into $USD. Her generation believes they can purchase anything and everything they would ever need using Robux so why convert back to inflation prone usd? + +Thankfully she hasn’t discovered futures or options yet but it’s only a matter of time. + +Edit I wrote this a few months back near the beginning of the year and have no clue what the current value of the “super super happy face” is. It would be interesting if someone could find out to see how the trade would be doing so far. Lol. If not I’ll ask her to look later on and report back. +Currently 18, I was always interested in stocks and the number one thing I've heard across all these subreddits/youtube/tik tok/ boards is to "Buy VOO/blue chips and then wait. Just wait decades and you'll see the results". + +And I wholeheartedly believe and understand that. I have like $900 in VOO alone and like $500 split among some big tech companies (NVDA/AAPL/GOOG/MSFT). It's not much but I figure I would start now. + +But what happens after I've waited, and kept putting money into my portfolio? Like when I'm 40 and I see what my patience has given me, what do I do then? Do I sell it all? Some of it? + + When do I actually get to use this accumulated money? And what should I use it for? +I'm 18 and have been financially independent since I was 16. Until I turned 18, I lived paycheck to paycheck on about $1400 a month (I was a math tutor). Now I'm an exotic dancer (got the job three months ago) and I make about $5,000 per month, and I've been told by my coworkers that my hourly income will double during the summer and be fairly consistent the other 8-9 months (I live in a beachy tourist town). I also plan to work about twice as much during the summer because I won't be in school. So I'll probably be making anywhere from $60k-$110k this year and every year I dance. + +I grew up poor but educated, so while I'm not dumb, I know NOTHING about money. I am planning to do all of my taxes legally, but I will get an accountant to do it so I only pay what I have to (I'm an independent contractor). + +I'm currently finishing up community college with no debt, and just got accepted to a University of California campus to finish my BS in Mathematics. Tuition is ~$13k/yr, and I'm going to take 3 more years to work on my undergrad. After that I plan to pursue a PhD in Mathematics, but I obviously won't be paying tuition then. I plan to keep dancing until I'm too old for it to be lucrative (I enjoy the job!) so I probably have about 10-15 years of this kind of income. I'll be working in my real field after that, obviously, so I will still have an income of unknown size. + + +I need help figuring out how to invest. All I have now is a checking account and credit card with BofA and four savings accounts with Ally - one for taxes (which I put 26% of my income in every month), one for tuition (I have a strict plan to make sure I can afford the payments as they're due), one for emergencies (typically put about $600-800 a month in that) and one for travel/fun (that one gets whatever's left when I feel like it, maybe $200-700 a month). I currently only have like $5,000 to my name, mostly in those Ally savings accounts, but it's growing fast. + +Should I open an IRA now? Everyone says Roth is ideal for people who start young, but I think this doesn't apply to me because I am actually in a higher tax bracket now then I ever will be again in my life! Am I right? Should I open a traditional IRA? + +As far as other investments go, I'm clueless. I know what CDs are and I've been thinking about investing in the stock market but I don't know where to start. I'm also toying with the idea of investing in real estate because prices are low and I could have rental income, but I don't know if that's a good idea or if it's realistic. + +Any tips on how to not let the money go to my head? I'm so good at being frugal because I had no choice until now, but I've started buying things (little things, like $100 here and there on sensible but unnecessary products) that I don't need. I need to save more aggressively? +I just find it more effective to use support and resistance when trading. I just find other indicators like MACD and RSI to cloud my judgement sometimes. Anyone here who use the same trading style like me? +Request has gained more partnerships than most people realize. Some of them are very interesting collaborations that will yield huge changes to the project - namely their partnership with Kyber (directly advised by Vitalik Buterin) which will see the Request team moving to Kyber offices in Singapore for Q1 2018 to work closely with them. + +Request Partnerships, Clients, and Ties: + +- Kyber Network, https://kyber.network: https://blog.kyber.network/kyber-network-partners-with-request-network-to-benefit-consumers-and-merchants-618524b271bd + +- Fund Request, https://fundrequest.io: https://blog.fundrequest.io/request-network-fundrequest-39ccb610911f + +- 0x Project, https://0xproject.com: https://blog.request.network/blockchain-bricks-request-is-built-upon-0x-civic-and-aragon-3aaf68390221 + +- Aragon, https://aragon.one + +- Civic, https://www.civic.com + +- Filecoin, https://filecoin.io: Request does not have a partnership with Filecoin but will instead be utilizing Filecoin in the Request Network ecosystem. + +- Bee Network, https://www.beetoken.com: https://medium.com/@thebeetoken/request-network-x-bee-token-partnership-announcement-2f077348a2fb + +- iExec RLC, https://iex.ec: https://iex.ec/news/request/ + +- Delta App, https://getdelta.io: Delta is crypto portfolio app that is quickly overtaking Blockfolio in popularity. Their CEO stated they are likely going to use Request to accept payments in the app and have been in talks with Request team. + +- Iconomi, https://www.iconomi.net: REQ is an asset that has been listed by Iconomi DAA, read more here - https://medium.com/iconominet/new-digital-assets-on-the-block-five-new-digital-assets-for-daa-managers-to-choose-from-83e165217986, https://www.reddit.com/r/RequestNetwork/comments/7n3obe/solidum_prime_sopr_first_iconomi_daa_to_add/ + +- Quantstamp, https://quantstamp.com: Request Network was audited by Quantstamp https://medium.com/quantstamp/request-network-token-sale-smart-contract-security-audit-summary-ca6828bd3c5f + +- Chainlink https://www.smartcontract.com/link: Request mentioned Chainlink as a potential partner in the future https://blog.request.network/request-network-project-update-november-10th-2017-a57193780ddf + +Request Network supporters/investors + +- YCombinator http://www.ycombinator.com: Infamous startup incubator that helped establish AirBnB, Stripe, Reddit, and others. Early supporters of Request Network. They own a share of ICO tokens. + +- 1kx Blockchain Angel Fund: 1kx is a secretive blockchain angel fund that advises Request and was an early contributor to the ICO. 1kx partners founded 2 technology companies and have been involved with DLTs since the beginning of Ethereum. 1kx have been spending hours supporting Request by making introductions to people from the industry and feedback about tokenization token economics. + +**Request Network will post a project update to their blog this Friday, Jan. 6th: https://blog.request.network** +I have just read @xxeyes post. I have reached a similar conclusion, from a different angle. + +I believe "the DAO" as an investment vehicle and Slock.it as the first (unavoidable) investment are two different issues. Given the opt-out option imbedded in the DAO (you can simply leave at any time), I have left its corporate governance challenges for a different analysis. The more pressing issue, imo, is the contract with Slock.it. + +This is a comment I've included in theDao.hub discussion forum. + +*** +There is no "negotiation", I'm afraid. This is not my opinion, Slock.it have stated it very clearly. This is a take it or leave it situation. Binary. + +Also, there is no "partnership" with Slock.it. If anybody has the mental framework that this is some sort of venture capital investment. Open your eyes, it is NOT. I repeat: THIS IS NOT VENTURE CAPITAL. Again, this is not an opinion. Stock.it says it: the DAO is "the client". + +From an economic point of view, the proposal is a great deal for Slock.it shareholders and a very lousy investment proposition for DAO participants. Slock.it is basically getting very cheap funding at the expense of people enthusiasm. No professional investor in the world gives money under terms like this. + +Slock.it could have set up some sort of equity-like proposition. There are different ways to do it. They have not. Why? I don't know. I do know that a revenue sharing agreement raises all sorts of conflicts of interest that in the real world are very tough to sort out. That is why they are rarely used. + +The DAO is entering into a service agreement with a start-up, with no say on the specifications and no structure to monitor the results. In addition, the DAO has not legal backing in case of conflict. There is no recourse whatsoever to the money given to Slock.it. None. Not a great position for an investor. Those are typical ingredients you find in a receipt for disaster. + +I understand, who cares, they already have access to a pot of $5MM, so the opinion of people like me is irrelevant. + +So, in my view of course, this is not a viable proposition for serious investment consideration. However, I do think that it will be positive for the ecosystem. Evolution is trial and error. This is a first attempt. + +Finally, contrary to what I have read, investment vehicles typically trade at a discount to net asset value. It is very likely that this one, the DAO, will also trade at a discount after the hype fades (and all hypes fade). + +Bottom line: to merit a serious consideration, this proposal needs to improve. It needs to address the very basic pillar of a venture capital investment: THE INTERESTS OF THE INVESTORS AND THE MANAGEMENT TEAM HAVE TO BE ALIGNED. In this case, they are not. But again, Slock.it considers the DAO "a client" and consequently, they treat it as "a client". It is sweet to have a client like the DAO. + +As this is a take it or leave it situation, I have obviously chosen my option. All the best.-- + +**** + + + + +Like me, anyone who invested less than 15% of their ETH holdings stands to gain if the supply ends up being reduced by 15% in the event of just soft forking ethereum and invalidating the DAO coins. + +Less ETH means supply & demand will likely make the remaining ETH more valuable. + +However taking no action & having this rogue entity controlling so much ETH will hurt the Price a lot more. So anyone in ETH stands to gain from a fix soft or hard. + +The credibility argument is a red herring. The miners still have to choose and they won't choose to help governments forcing us to fork down the line unless they agree. We are entering our equivalent of the bitcoin small vs big block community split attempt. Let's not do that. + +Easy choice. Fork. Now. + +Cue undercover troll brigade! +So many years ago I bought into bitcoin, not that much money at the time but enough that today it's worth over £300,000. I had left it, forgotton about it and it was only when a friend said, have you seen the price of bitcoin recently at $700 each I took some real notice. Only to find out the price had been higher and that all my coins were on the GOX site which was no longer running. So yes that was a substantial loss. + +Last year another of my friends would not stop going on about bitcoin and how it was set to moon, I struggled to pay attention knowing what had previously happened but I started looking again. I cannot recall how but I found Ethereum and I saw the potential of bitcoin and then some. + +I bought quite a lot, infact I had between 900 and 1200 ETH. Now I don't blame my self for the gox incident, this was out of my control for techknowledgey I didn't really understand, lessons I learn't were to keep it in a hard wallet and off of the exchanges, how ever lessons I did not learn were about trading. + +One particular night, buying the dips and selling the highs on kraken with about a $ spread I actually managed to make my self around £10k. But when I initially bought ETh and started trading I wasn't sleeping, I was constantly at my monitor, my self employed work was not getting done, Ihad the lap top on at my bedside with price alerts on full blast to wake me up. I made several mistakes selling on drops, only to find I had to then buy in higher only for it to drop again and make the same mistake on the assumption that this time it really would drop and i'd get in lower. + +Long story short, I now have a 5th of what I had due to trading, I lost another £40k thanks to being unable to access kraken ETH?USD pair during that fairly obvious internal ddos (why do I say internal? it's taken 7 weeks to recieve a reply abuot api not working or being able to use cryptwatch, yet they had an answer and explanation for the ddos within 6 hours, almost like it was pre written) + +For those of you getting stressed about the dips... If I had bought my ether, and held onto it without ever trading, or panaicking about dips, I'd have 5 times what I have now, id have had a lot more sleep too. + +moral oy my story, don't trade unless you really know what you're doing, don't listen to market predictions because no body truely knows, just keep your eyes on the important news and EEA announcments and buy a bloody nano ledger S if you have more than a couple of quid in ether. +This post is a PSA/reminder for anyone who has a Ledger Nano S and hasn't updated the firmware to 1.3. + +I have been a holder of ETH for over a year now and have always been extremely careful when it comes to making transfers and the safety of my ETH. I've heard and respected all of the warnings of crypto and played it safe. I can proudly say I have never lost even .1 ETH to a bad transaction! However, I made my first potentially critical mistake in the crypto world about 2 hours ago. + +It all started out with an idea to buy some Stellar. Before my purchase I grabbed my Ledger, which I have had since early last year, and plug it in to see if it will accept Stellar. I quickly figure out I just need to update the Ledger firmware to 1.3. Without thinking, I make the update. + +Little do I know that updating to 1.3 resets the Ledger and requires you to input your 24 seed words to recover your account. Unfortunately, those words are locked in a safety deposit box and my bank doesn't open till Monday. While I understand I should still be able to access my account with the recovery words, there is still a chance something doesn't work right and I am locked out of my account. So now I am stuck here for the weekend, praying to the crypto gods those recovery words are going to work. I can already tell it's going to be a long weekend. + +Moral to the story, no matter how safe you think you are, one fuck up in the crypto world can cause a lot of damage. Always make sure you understand what you are doing before doing anything. And if you ever need to update your Ledger to 1.3, get your ETH out of the account first. + +Edit: As many of you mentioned, it’s very important to test your seed words when you first get your Ledger. You do this by making an account, resetting your Ledger, and testing to see if the seed words recover the account you just created. I never did this, which is dumb of me. Crypto is a finicky bitch. +I have a little tot and thought I would share my set up for her to inspire other parents. Generational wealth is the devil etc but isn't life so much easier when you have it~ + +Child savings account - with Great Southern Bank at the moment, has a 3% interest rate for kids with balance under 10k. Worth shopping around, kids usually attract awesome interest rates. Currently transferring $5 per week and on birthdays I'm encouraging family to deposit money here. + +Shares - you can set up an account for minors on selfwealth, haven't done this yet but its on the to do. I'm going to buy her a mix of boring and fun. Ideally some bank shares with reinvestment plans, and throw in NMT and TNT for giggles. Nothing major, just some seeds which hopefully grow. + +As another strategy, we have property so in due course when she needs it we'll be available as her guarantor. For those who don't want property, remember your child's ability to purchase largely depends on the bank of mum and dad. Sad but true, great motivation for us to pay off sooner than later. + +Lastly, as for inherentance we have some collectables for her down the track. Might not be worth much now, but in 50 years time hopefully she can enjoy the increase in value or pass them down to her own children. + +Hope others found this helpful. As an adult I started with nothing, which was fine, but being able to buy a car debt free would have been nice. A simple thing like a kids account getting loose change is enough to really help out young adults start life. + +Please share any other ideas or financial set ups you've got for your kids. +In early 2016 I purchased a house with only 10% down, yes you read that right. I broke one of the conventional rules that fiscally sound home buyers live by. There's a good reason for this rule because, without 20% percent down you, the homeowner is required to pay PMI or private mortgage insurance. + +As a consequence of only paying 10% down, I was stuck with an extra $123.44 a month in mortgage insurance premiums. My goal was to get rid of that MPI as soon as possible, the alternative, wait 7 years and 8 months for my Loan to Value to reach 78% based on the original amortization schedule. Paying a grand total of $11,356.48 in PMI premiums over that time. Ouch!! Understandably my goal was to get rid of it as soon as possible. + +You may be wondering how Solar Panels fit into this, well in addition to the obvious benefits, you can use them as a **tool** to increase the equity in your home and drop Mortgage Insurance faster, I'll get into that more in a bit. + +If you find yourself in the situation I was with my PMI, the way out is to pay down enough on your loan to where you have an 80% Loan to Value. Then you need to notify the mortgage company and request that your Mortgage Insurance Premium be dropped. + +Here's the deal, the mortgage company is not your friend in this effort. The bank doesn't want you to stop paying for insurance, the insurance guarantees they'll get paid. It's in their best interest that you keep it as long as possible. + +When you put in a request to drop your PMI you'll get some information in the mail basically saying that you will need to pay for an appraisal and then if the value is high enough (80% LTV or 20% Equity in the home) they agree to drop your mortgage insurance. + +There is nothing more demoralizing than paying $450 dollars for an appraisal, just to have your home appraise 7% lower than the original value of the loan (quite convenient for the mortgage company). Suddenly finding yourself out $450 dollars and thousands of dollars away from dropping those pesky Mortgage Insurance Premiums. Believe me, I found myself in this exact situation back in 2013. + +Learning from past experience, my strategy to drop Mortgage Insurance Premiums was three-fold. + +* Aggressively pay off principal +* Look for ways to increase home value +* After 9-12 months have my real estate agent run comps for me to gauge whether I had enough equity in the home to feel comfortable enough to pay for an appraisal as part of my request to drop PMI. + +In short, I needed as much wiggle room as possible. I didn't want to pay for another fruitless appraisal. + +Let's talk about Solar Panels, four months after our home purchase in 2016 I was looking at buying solar panels as a way to increase the value of our home. To get an idea of how much this can benefit you when dropping mortgage insurance, let's say you had a home worth 350k and then you buy solar panels which boost the value of the home by 15k. That's an easy low-risk way to increase the equity in your home by over 4% using an investment that more than pays for itself in the long run. + +I found a solar company that offered free LED light bulbs for the whole house as a perk for purchasing through them. I ended up settling on a small 2.97 kW system for $13,514 dollars installed and got a 12-year loan at 1.99% for it. Though I could have purchased a much larger system. + +The idea was to get a system big enough to keep me from the more expensive electricity tiers and to maximize my state's solar tax credit. Utah offers a tax credit of 25% of the purchase price up to $2000 max. When you couple that with the federal tax credit. (30% through 2019) The total cost of the system ends up at only $7,460. Take into account the LED light bulbs and the reduced monthly electricity costs and this is a killer deal. + +**Use your solar credits to build even more equity**, check this scenario out. Let say you buy solar panels towards the end of the year, within a few months you submit your tax return and receive the solar tax credit. Put that $6,000+ down on your mortgage giving you another big equity boost. **In this way Solars panels are essentially working as a two-way equity boost.** Helping to Increase the value of your home and lowering your mortgage amount at the same time! + +As luck would have it I received a letter in the mail during the solar panel purchasing process advertising a true no cost refinance at 3.5%, at the time my interest rate was 3.75%. There was no downside to pursuing the no cost refinance, best case scenario, I would be able to lower my interest rate and drop my mortgage insurance premiums! Worst case, my house wouldn't appraise for enough to drop the mortgage insurance but I would still be able to drop my interest rate. I needed to jump on the opportunity as soon as possible to lock in the 3.5% percent because mortgage rates change often. I locked in the rate and got the refinance started. At the time I was just hoping that my solar panels would be installed by the time the appraisal was done for the refinancing, and fortunately, the solar panel installation beat out the refinance by about a week. + +Thanks to the **solar panels** and housing market gains over the previous 6 months since we purchased the house, our appraisal came in with more than enough value giving us the equity we needed to drop our mortgage insurance premium. + +With a lower interest rate, and not having to pay insurance; the refinance saved us $179.34 a month on our mortgage payment! + +I bought a house with 10% down and within 8 months dropped the Private Mortgage Insurance. Was luck involved? Yes, to an extent. I was fortunate to have favorable market conditions and interest rates. The no cost refinance gave me an opportunity to drop my mortgage insurance with no risk. If I had to pay for the appraisal myself I would have been leerier and would have waited another 6 months or so to pay off more principal before feeling comfortable enough to move forward. + +Why am I telling you this? Is it just to brag? No, It's because I believe that my experience can be beneficial in helping those who currently have mortgage insurance, or for those who may be looking to purchase a home in the future. + +Maybe you find the perfect house, a great investment but you can't quite afford to put 20% down. Remember you have these options available to you, PMI is not something that has to stick around forever and break the bank. + +**4 tips to dump your Private Mortgage Insurance** + +1. **No Cost Refinance** +Mortgage rates are constantly fluctuating and there will always be banks fighting for your business. Seek out opportunities for no cost refinances, that will save you money on the appraisal and could even lower your interest rate! If that doesn't work out be prepared to pay for an appraisal once your have enough equity. The appraisal will quickly pay for itself once you're free from PMI. +2. **Solar Panels** +Utilize solar panels as a way to increase equity in your home, the fact the monthly payment on a solar loan can often be entirely offset by savings in electricity costs make it a very safe, low-risk investment. +3. **Solar Tax Credits** +Find out if your state offers any solar tax credits in addition to the 30% federal credit. use your solar tax credit to pay off additional principal further boosting your equity, putting you on the fast track to MPI freedom. +4. **Attack that loan balance** +Have an attack dog attitude, don't allow yourself to get complacent with the status quo, take charge of your financial future, make a plan and stick to it! + +**Be aware of these 6 things** + +1. **Not all appraisers are familiar with solar panels** +Solar Panels are pretty new and some appraisers are not too familiar with them, or how much value they bring to the house. When our house was appraised the appraiser company called to ask to gather information about our solar panels, he verified that we, in fact, owned them. *(I would never rent instead of buy, but Apparently renting Solar Panels is a thing)* And also asked about the size and cost of the system. I suspect there will be a good deal of variance on how much value an appraiser believes your solar system brings to the home. So you may want to call 2 or 3 local appraisal companies to get an idea, but the bottom line is that they do add value to your home. +2. **Buying before you can do 20% down is not for everyone** +I am in no way endorsing buying a home with less than 20% down, that is the safest way to go. If you do buy a home with less than 20% down make sure that you are able to save enough every month to pay your mortgage principal down to that 20% mark within a reasonable time frame. (12-18 Months was my expectation) Remember the possibility that housing prices could drop, causing you to keep PMI much longer than you planned. So make sure going into the home purchase that you accept the possibility of keeping it for the long term while knowing that you will do everything under your control to get rid of it. Make sure that you have 3-6 months worth of living expenses. Completely depleting your savings in order to make a bigger downpayment is not worth the risk. +3. **Solar panels are not all created equal** +Make sure you are investing in quality, high-grade silicon solar panels. Quality Solar panels should have at least a 30-year life expectancy and at least a 20-25 year warranty. +4. **It's possible to have too much solar credit** +To take full advantage of the federal solar tax credits you need to have paid at least the full credit amount in taxes over the year. I have heard that you can collect these credits over two years if you didn't pay enough taxes to claim the full credit. See a tax professional if needed. +5. **Plan** +When I refinanced I had a significant amount of money tied up in an escrow account at the old bank. It took over a month to get the check in the mail. The new bankrolled about a year of escrow costs into the new loan. If I had wanted to keep my loan amount the same with the new bank I would have needed to tell them ahead of time and paid for the escrow costs out of pocket while waiting for the previous escrow reimbursement check to come. +6. **Other Options** +Know that there are loans out there that come with no PMI, the trade off is that they come with a higher interest rate. For me, as someone who intends to get rid of PMI as soon as possible, I'll take the lower interest every time. +According to digital investing firm CoinShares, BTC miners contribute to 0.08% of the world's Total carbon dioxide (CO2) emissions. + +Although 0.08% might seems small, we are talking about the Total CO2 emmisions worldwide... this is not little at all. Especially not now we are dealing with a harsh winter where some countries have to shut down the mining industry to save some energy for its people. + +Of course, there are other industries that contribute a lot as well, but since we are in this subreddit, let's leave the whataboutism aside please. + +Do you guys think mining btc is worth its CO2 contribution? +**\[EDIT: Long story short:\]** If your Coinbase account gets closed and you have some funds (crypto or fiat) on Coinbase Pro, chances are you won’t be able to withdraw those funds right away. They have to manually transfer the funds to your Coinbase account so you could withdraw them. + +**\[Full story:\]** + +I’m a Coinbase Pro user since it was still Gdax and I was a huge fan. + +I’m an active but non-professional trader and I own accounts at more than one exchange, yet, to all of my friends and family who showed interest in investing or trading with crypto, I always recommended Coinbase Pro. About 10 people have opened or are about to open their Coinbase Pro accounts based on my recommendation for their first encounter with crypto. + +Then, a few days ago, I received a letter of ‘gratitude’: **NOTICE OF ACCOUNT CLOSURE**. + +After the initial shock and a normal human reaction to apologize if I did something wrong, to try to find out what was the problem and to try to resolve the issue, I quickly realized, after contacting the Coinbase support, that that’s not going to happen: + +>“for security reasons we are unable to elaborate on our internal decision process”. + +Being a huge fan and a supporter, I was a bit heart-broken. But soon, using my reason instead of my feelings, I made peace with that. I realized that I’ve probably somehow triggered a red flag in an automated algorithm which increased my risk analysis a bar too high and... off I go.In the eyes of Coinbase I was now being viewed as a risk they need to mitigate, not as a desirable user. They don’t hate me - they just can’t trust me anymore. Fine.They needed me to transfer my assets from my Coinbase accounts. + +But when I tried to do that, I was in for another big surprise: about **90% of my assets were gone!** + +BTC and fiat balances were flat-out **zero**. I did have access to some of my other currencies and have successfully withdrawn them. But that was only a small percentage of my portfolio. + +My efforts to find out what happened to my BTC, fiat and some other currencies always gave the same result: + +>“...we are no longer able to support your Coinbase account...”“...we have not blocked access to the balance currently in your Coinbase account...”“... you may still send your balance offsite to an external address...” + +Yes, but **what about the balance that is missing from my account** and it was there before the closure? + +The closest I got was when they replied: + +>“We have transferred your case to a specialist who will be able to assist you with this specific issue.You will be contacted directly as soon as we have reviewed your case.” + +But the next answer was the same generic answer I received before... + +I started to **suspect that my account was breached** prior to closure and that someone spent all of my fiat and stole my BTC. + +I’m totally fine if Coinbase halted my BTC and fiat for the inspection purposes, as it’s written in the User agreement. I’m all for preventing terrorism and money laundering, even if that means that they need to check me from time to time, but **I need to know** that that’s what’s happening, **that I wasn’t robbed** by someone. + +I need to know what currency my funds are being held in, if they are being held, to be able to adjust my trading activities to minimize the losses. + +I also tried to **download the trading reports**, to be able to calculate and pay the taxes, but the button for generating reports on the ‘Close account’ page **doesn’t seem to work**. + +Although I might sound like some big-time trader with money to throw, that is actually not the case. Most of my portfolio was on Coinbase Pro, because I trusted it the most, and it was worth a **few years of hard-earned savings** from my day job. + +I was a big fan but will I stay one - it all depends on how this issue will be handled and, hopefully, resolved. + +**Any help in finding out what happened to my money** and, perhaps, getting my transaction history **would be greatly appreciated**. + +With love, still,rubi510 + +&#x200B; + +**\[UPDATE, some 12 hours later\]:** + +About 3 hours into posting the original post, I was contacted by u/justin_coinbase ([only trust these guys from CB on social networks](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html)) and he offered help. I’ve sent him my ticket # and got a reply about 2 hours later: He assured me that they will investigate what happened and that they’ll get back to me. This gives me some comfort that my issue will be addressed in a reasonable timeframe. I’m thankful for Justin’s help and will now give some time to CB to investigate. I know I’m not the only one who needs their assistance. + +Thank you all for the words of advice, encouragement and support, but also for the words of criticism. I appreciate it all. Will keep posting updates here. + +Much love, rubi510 + +&#x200B; + +**\[UPDATE, about 4 days later (it was a weekend)\]:** + +**Good news!** I received an e-mail saying: + +>"We have moved your \*\*\* balances from your Coinbase Pro account to your Coinbase account. You know have access to your balances" + +And, indeed, **all my money was there** and I was able to transfer it to my accounts on other exchanges and I've sent fiat to my bank. That was a BIG relief. + +At the time of writing my fiat has just been sent so it is still on the way to my bank, but all other balances were successfully transferred. + +**I just wish that somebody from Coinbase support could’ve told me that** my money is inaccessible because it’s stuck on Coinbase Pro and will be available in a few days...Or if the e-mail notification about closing my account was more informative - **they could have saved a week of my nerves and probably a good amount of their time** writing (uninformative) answers to my numerous e-mails while I was panicking about the whereabouts of my money. + +Soon after I transferred all my funds, I received a final e-mail notifying me that my account has been successfully deleted. + +Gentleman or lady that sent me the last e-mail notifying me that my funds are accessible has politely offered to assist me: + +>“Please let me know if I can assist with anything else”. + +So I asked **if I could get the transaction history**, so I could calculate my taxes.Also I asked **if I’m banned for life** or there is a chance for me to reapply sometime in the future. + +**Will post the answers here.** + +Once again, thank you all for the support, advices and constructive criticism and special thanks to u/Crypto-MN who shared his similar experience and offered an explanation while I still didn’t know what’s going on: + +>“This exact same thing happened to me ... while I was at work trading ... I have read your post and the reasoning I believe that you cannot view your funds is because Coinbase Pro and Coinbase Consumer have separate wallets. I am having the same issue.” + +Love, rubi510 + +&#x200B; + +**\[UPDATE, 1 day later\]:** + +I received a transaction history via e-mail, but for the wrong time period. After explaining what I need again, **I received a** correct **transaction history**. So, that’s good. I’ll be able to **calculate my taxes**. + +I repeated the question about the **possibility of reapplying for Coinbase** services at a later point, but received **no answer** about the issue. So I assume it’s a ban for life :-/ + +Dear Coinbase, thank you and good bye. +If you go back to the 2007 and 2008 disasters, you see a lot of shady naked short activity in the mortgage and real estate industries. Many will say, well this didn't cause the break. Well, it certainly didn't help and I think it played a larger role than the news is willing to admit. + +[https://www.sec.gov/news/speech/2008/spch071808cc.htm](https://www.sec.gov/news/speech/2008/spch071808cc.htm) + +So is the current situation any different? + +In 2020, the market was growing rapidly and short interest was still at an all time high. Then you have these correction weeks which were expected - but increase the desire to short. During those correction weeks, I was afraid that thoses hedges would get back to business and really drive this thing to the ground. + +Well guess what, I think those idiots throwing money at Gamestop left and right are actually saving us. These hedge funds are actually afraid to short anything right now and it's showing. In general, the short interest is dropping and the number of shares being shorted now vs earlier this year is dropping. APPL which was heavily shorted started the year with 100M short interest and sits at roughly 88M even with this correction. + +[https://finance.yahoo.com/quote/AAPL/key-statistics?p=AAPL](https://finance.yahoo.com/quote/AAPL/key-statistics?p=AAPL) + +So thanks to all the GME people exposing all the garbage and keeping those hedges honest. I'll follow along and even though I wasn't part of the GME revolution, there is a lesson to be learned in all the craziness. +TLDR; living out of a car/suv isn't as bad as it's made out to be and is a way to save a lot of money really quickly. + + +Maybe this isn't the right sub for this, hell I know a lot of you will think I'm crazy, but we fear the things we don't truly understand and at least in my point of view, things are often backwards in life. + +I want to simply tell you a story of how being forced to live on the streets of Chicago have radically changed how I viewed my money problems, and how it changed how I view myself. + +It all started 3 years ago, I was 28 years old renting a room for 660 a month, making $14 dollars an hour. The math says I should have been able to afford that no problem, but how many of us make "decent money" yet still struggle to make ends meet. The math was wrong because it never factored in the cost of living. + +We live in a society that has capitalized every aspect of itself and yet the wages haven't been raised in decades. In April of 2019 I was freshly hired on by the company I was working for, and it was the biggest mistake of my life for one simple reason, as a full time employee instead of a temp, I would no longer be receiving a weekly paycheck and I was paying for benefits that would have bankrupted me if I had to use them. + +I was 1 month behind on rent after getting hired on by company, and I really didn't like my landlord, and he didn't like me. When push finally came to shove, I was given the ultimatum of either leave in 3 days or have an eviction on your record. I took the first option, and thought I would be able to find another situation relatively quickly. I scrambled all my stuff together, and put it in a climate controlled storage unit (which is it's own trap but still cheaper than a landlord.) You really want to stay on top of a storage unit bill, because the alternative is losing all your shit and starting over from scratch. 3 years later I haven't lost a thing. All my possessions are still in my possession. + +When the dust settled, it was just me and my blazer. The first night on the streets it snowed, I didn't think I was going to die but it was a thought in the back of my mind. I'm a stubborn individual who didn't want to go back to the toxic environment I grew up in, so I slept. I would live or die with the consequences. + +I survived, the last day it snowed that year was the first day I slept in my car. Something about it was peaceful, I rose with the sun. Something about it didn't feel right either, maybe it was shame. But these things I would come to grips with and really find my sense of self over the next few months. + +I have been following reddit for a long time and one of the earliest advice I heard was if you're homeless get a membership to a 24/7 gym. That was some good advice, you get access to a shower (lower your water bill), you go everyday so you might as well get some exercise (there's some real health benefits), and after 2 weeks of doing this, I got my next check. It wasn't enough for a room or an apartment. So I knew I would be doing this for a few more weeks. + +Around the end of may is when Summer starts in chicago, and this is where things started to get real interesting. Maybe it was a combination of working out and being outside a lot but I started breaking out of my shell. For 6 weeks I lived out of my car and I started feeling really good on the inside, I was saving money for the first time in my life. When you don't pay rent all that money goes towards you. I was going where I wanted, eating what I wanted, suddenly I had a lot more free time to actually go out and have a good time and I didn't feel drained doing it. This is when I realized what financial freedom feels like. + +I was looking for apartments or rooms, but I became picky about price. I enjoyed living out of my car at some level. Life felt like life again, and I knew I wouldn't die out there. Yes there is a stigma of living out of your car and people will judge you for it, but this people are going to judge you anyways. + +With how expensive housing has become I felt like I found a loophole. I was spending 10$-15$ every other day in gas, that provided me with ac, heat, shelter, and transportation. That's a steal for all that in today's world. My phone bill was 70$ a month and that gave me wifi, there's cheaper options out there though. $165 on a storage unit and gym membership a month. At 14$/hr my financial life was finally working. + +I was spending less than $500 a month on those necessities, going out every night and still putting away $600 a month into my bank account. I had a useful savings account for the first time ever. I didn't go full van dweller but I wanted to. + +Towards the end of summer my mental health I would say is the best it's ever been, I reached out to my family and started getting in touch with them again. My brother and I have always been cool but me and my sister just never got along, but I still reached out trying to mend the relationship. And when the winter hit that year she offered to let me stay at her place, and of course covid hit that year when I was planning on leaving and going back to the blazer. So I stayed for a year and watched my finances collapse once again. + +Living in a house and paying rent is just not a very feedable option if you make less than 17$/hr, it's just what this world has come to, at least in my neck of the woods. December 1st of 2020 she wanted me out of her place, I left. Here I am about 10 weeks later and I'm about to have 2k saved up. I'm really thinking about doing this until I can afford a down payment on a house. + +The rental market is absolutely bonkers. Living out of a car isn't terrible at all, if you have kids and a family it's a different story, but if you're single looking to get ahead in today's world at poverty wages, I'm offering you what is working for me. Once you become homeless you are also eligible for many programs. + +I have a full time job, all the money I make goes towards me. In the winter when it gets cold, either find you a cheap place to stay or invest in a really good heated blanket. Our ancestors survived the wild and they didn't have walmart. + +If you go down this path, it is not for the weak. Too many people have become comfortable with how easy things have become, the only comfort that comes from this lifestyle is what you make out of it. If you are sick and tired of being milked for what very little you have, this is a way to stick your middle finger to the market and line your own pocket. + +The weather will start warming up again and I know there's a lot of people hurting especially this year. You really do need a car with a roomy interior, a small suv is perfect for this. But some sedans are ridiculously roomy on the inside. If you want to save up stacks get you a decent sized car, kit it out how you want, and by the time next winter hits, you'll be able to stay wherever you want. +In summary, this portfolio would spend a small percentage of its equity exposure every month buying 2-month put options that are about 30% out-of-the-money. After one month, those put options are sold and new ones bought according to the same methodology. The number of put options is determined such that the tail-hedged portfolio breaks even for a down 20% SPY fall. + +This article below applies the strategy and does a stress test for a 20% downturn. + +https://thefelderreport.com/2016/08/15/worried-about-a-stock-market-crash-heres-how-you-can-tail-hedge-your-portfolio/ + +If you look at the inputs to the calculation, Everything makes sense, except for the way he forecasted Imied volatility-he added 10 points to the VIX- does anyoane know if this is a good way to do it? +Now I can have a place to save my money without worrying to spend it asap before it drops 5% next morning. + +Merry Christmas, to all of you. +Wash your satoshi-staking hands. + + +Edit: Thanks to all of you who are offering satoshis on DM, but I would not feel 100% alright accepting them (I prefer to work for them). As long as I have got my family, a hot meal and internet access I will be okey. God Bless you. +Just a heads-up that Wealthsimple now uses PFOF for US stocks. + +https://help.wealthsimple.com/hc/en-ca/articles/10277208217755 + +They did not announce this publicly and has tried to slide this by quietly. This is extremely shady and I’m quite disappointed + angry with the company considering they are still charging FX exchange fees (which was the leading reason why they did not originally use PFOF). + +I’m going to be moving all my accounts from Wealthsimple ASAP and I recommend all to do similar. +As you can see - almost every year when 7 or more people have died on this famous high altitude death trap, the market has been very healthy overall, with the following year being overall bullish as well: + +https://pbs.twimg.com/media/D7cFR61UIAAaHGd?format=png&name=small + +Courtesy of OddStats: + +https://twitter.com/oddstats/status/1132381792571281408?s=21 + +The question now is, with Tariff Man in action effectively countering the human sacrifices, how do we get more people to voluntarily kill themselves on Everest, in order to keep getting gains. + +I think we should start a GoFundMe to send the mods, but am open to other suggestions. +I’m Curious to see how much of your income you guys allocate for which particular “pot”. + +I feel like I might adjust mine at the moment as I save a fairly high percentage and it feels like I’m not really living for the present, leaving next to no money to enjoy myself with. + +At the moment, I would say my income is split: 70% savings/ 30% bills / 0 for fun + +It’s a fairly aggressive savings rate I get, originally o had a 5 year plan to hit £100K saved/invested within 5 years but I’m starting to think this is unrealistic, mainly due to the miserable life I would lead whilst saving. With this plan, there is next to no money for fun or spending on what I want, just save and pay bills. + +How do you guys compare? +I have some money in India primarily in a bank account and FDs (earning less than inflation, of course) that I would like to move to invest in the Indian stock market. I am a US citizen with OCI, living in the US. I'm wondering if there are others here in the same situation and what they've done. + +1. It looks like investing in mutual funds and ETFs in India is out of the question because of the PFIC tax rules in the US. Is this understanding correct? +2. Are other US-based NRIs investing in individual stocks in India? What other good avenues for investments are there? I have a flat investment so I'm not keen to increase my exposure to real estate. +3. Are you investing in stocks via demat accounts through your bank? I checked with Zerodha and it looks like there is a fairly onerous account opening process for NRIs (involving couriering documents to their office in Bangalore). I have an HDFC NRO account so I am thinking of opening a demat account through them. Does anyone have experience doing this? + +Sorry for the many questions. I'm realizing that it's a complicated area and am hoping to learn from people who've gone through a similar path before. Thank you for your help. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +A massive rate cut can help the economy said Nirmala Sitharaman, the Finance Minister on Monday. Two rows from my cubicle our tech guy looked at the headline and mumbled — “Wtf is a rate cut anyway?” + +If you don’t know this yet, here’s a dark secret. The government is a massive borrower. Meaning, despite the taxes you pay, the government still borrows money in order to fund its expenses. Expenses that include building roads, infrastructure, healthcare; you name it. And as any man who has ever borrowed a penny will tell you, the only number that matters then is interest rates. Lower interest rates, happy government. But that still doesn’t explain the urgency in Ms. Sitharaman’s comment. + +To fully appreciate the gravity of the situation you have to look at the growth engine of this country. Long story short, it’s sputtering and without massive government spending on roads, healthcare, etc., the popular consensus is that growth can be hard to come by. And then there is the other caveat. Reduced interest rates mean private corporates can borrow at better rates and this, in turn, might also aid growth. Right? Well, that’s the hope and it’s a desperate move to reverse the economic slowdown that’s currently plaguing the country. + +So if somebody talks to you about rate cuts. Here’s your line “ The RBI is likely to cut rates considering we desperately need stimulus (read growth boost) and the only way to do so is through monetary policy intervention (read RBI interest rate cuts)” + +Tip of the day: Using fancy words like stimulus and monetary policy intervention can make people think you are smart. + +Or they might think you’re a douchebag. Either way, it’s a risk that you must bear. Good day :) +Nifty historical data says every time nifty P/E ratio goes above 23 is overbought zone and will face correction and currently is about 30. It does not look safe at all. + +I already moved my SIP to liquid funds and waiting for a big correction. what you are doing? +Assuming factual authenticity of this article. + +There are so many layers to a structured debt offering - very difficult to track. + +Forget retail investors, we doubt if fund managers or even ratings agencies are capable of adequately capturing risks associated with changes in debt covenants. + +[https://www.bloombergquint.com/global-economics/lessons-from-il-fs-group-bankruptcy-go-unheeded-in-india#gs.kAZcmSE](https://www.bloombergquint.com/global-economics/lessons-from-il-fs-group-bankruptcy-go-unheeded-in-india#gs.kAZcmSE) + +What are your thoughts? +After yday's budget, do you think EV and ancillary ecosystem can be a long term bet? Do you think we would have the required infrastructure in place to make this movement successful? +100 Infosys shares bought in 1993 could have turned you into a crorepati. +Back of the envelope calculations suggests that if one had invested 10,000 or bought nearly 100 shares of Infosys back in 1993, it would be worth over Rs 2 crore as on June 12. + +https://www.moneycontrol.com/news/business/markets/25-years-since-listing-100-infosys-shares-bought-in-1993-could-have-turned-you-into-a-crorepati-2589955.html + +Hello all, + +Long time no post. I am still on discord you can find me there almost everyday. Furvently trading options and other pennies. Over a year ago now, ALPP was discovered. This company, unlike many other OTC’s, was already producing revenue and had quite an unusual track record. So why ALPP and how do you spot others? + +Lets get this straight first, every year the OTC has ‘unicorns’ that go 10,000% and uplist. Its just a matter of finding them, and this years happened to be Alpine 4 Technologies. + +How did this or how does this come to be? Well lets look at what I look for when finding otc longs! + +First, I look for companies with no bloated and diluted share structures. Back in April 2019, ALPP had a pretty stable share structure around 60 million shares outstanding and 100 authorized. This is very rare in the otc but shows that a company can survive without the addition of killing shareholders with gross dilution. Along with this I look through financial statements, all of them. Track their revenue growth, debt, any developments company wide, convertibles, and ceo statements each quarter! Kent (CEO of ALPP) is a very transparent CEO, very unusual in the otc world, every year he did an annual shareholder letter (awesome) in which he detailed future plans and seemed he held to those plans each year, and always talked about the quarter results. Next, the company had an established revenue stream + potential for an exponential slide into millions of revenue through their dsf business model. These companies which leverage correctly are incredible, and are high risk of course. Kent managed to pull it off and I can only give so many props. Not only did he get the revenue growing double each year, he managed to control convertible debt from spiraling and in multiple 8-k’s detailed refinancing to ensure a better future for the balance sheets. + +Most importantly, both the IR and CEO answered my questions via email and twitter. Being as transparent as they could, giving the best answer they know - no bull shit. + +Pennies like this are very rare, with established customer bases (usually noted in 10-Qs), and high shareholder priority and transparency (look for shareholder letters, interviews, active board of directors and ir). ALPP will always be a long hold, and I expect them to hit nasdaq running - institutions will want to gobble them up, especially after the balance sheet clears up more. + +But what about others? Well as mentioned look for clean share structures (no billion o/s crap), growing revenues with controlled debt, no convertible debt (dilution), transparency, active and communicative, subscribed customer base (pandemic proof/recession proof!!). This is just a small piece of the pie, but can help clean out all of the spec and hype garbage pump and dumps. + +I appreciate all the positive feedback ive recieved the past few weeks, my only thanks go to the sub reddit discord for being awesome and the ALPP team for putting together one of the best otc’s ive ever seen. Congrats to them🚀 +My dad died a month ago and left me his house in his will. It's worth about 450k after all his debts are paid off there should be about 400k left. What should I do with the money when I sell it. (That's what I plan on doing) +Did everyone forget? Forget about how the financial system before crypto was convoluted, slow and expensive, how crypto forced the financial system to evolve and become what it is today? + +Crypto used to be a hub for tech enthusiasts, a digital place where bleeding edge technology is developed helping reduce cost across the board and trustless accounting among many other things. + +Now it is just in a shape were all that matters is how much GAINZ I made today leveraging my capital to oblivion, full of greed and insanity + +This is a reminder for a of you to remember why we are here, a call to return sanity and sustainable grow to crypto, nothing good will come from degenerate gambling and we all should be ashamed of ourselves + +Let's make crypto great again, let's make crypto about making life easier for everyone and having a smarter future + +VALUES MATTER +Did everyone forget? Forget about how the financial system before crypto was convoluted, slow and expensive, how crypto forced the financial system to evolve and become what it is today? + +Crypto used to be a hub for tech enthusiasts, a digital place where bleeding edge technology is developed helping reduce cost across the board and trustless accounting among many other things. + +Now it is just in a shape were all that matters is how much GAINZ I made today leveraging my capital to oblivion, full of greed and insanity + +This is a reminder for a of you to remember why we are here, a call to return sanity and sustainable grow to crypto, nothing good will come from degenerate gambling and we all should be ashamed of ourselves + +Let's make crypto great again, let's make crypto about making life easier for everyone and having a smarter future + +VALUES MATTER +Buffett gave a pretty grim outlook for all of the airlines at his stakeholder meeting today, and stated that he sold everything. I think we retest the lows for all airlines and could see Boeing head well under 100/share next week as Buffett's forecast triggers a huge selloff. +The home: A new build 3 storey, 3 bed. One Thermostat on bottom floor heating bottom floor, and one in top master heating middle floors. Gas central heating with radiators in each room. + +Us: We (are very lucky to) have offices in spare rooms on the middle floor, and work full-time from these. We’ll eat lunch downstairs each day, head down there in the evening and of course spend more time there at the weekends. + +Current method: It’s only just got cold enough here to switch on, so we’ll stick the top floors heating on manual 20 degrees as we start work, turn off at some point we feel the house is warm and will stay warm (fairly arbitrary - maybe 2/3pm). Then we’ll flick downstairs on 20* in the eve and usually turn off before bed. + +The question/s: +What should we consider to heat our home optimally? (to me, this means not spending much more than an average equivalent household, and not feeling uncomfortably cold at home) + +Would setting timers to roughly reflect the above be more efficient than leaving on a similar temp all the time? (I’ve heard that constant setting can be more efficient sometimes) + +What’s the working from home template to replace the standard presets? + +How do you run your heating if you work from home too? +I (my name is Rao) ’m doing an intern at Alpaca working on building an open-source robo advisor. I don’t have much experience in the space, and I had to find a lot of answers. I hope that this post is the combination of various threads and forums that I read through looking for answers. Check it out! + +https://blog.alpaca.markets/blog/2018/6/8/i-am-a-college-student-and-i-built-my-own-roboadvisor +Of course you could run it on your own, but you could also scale it and make it more robust with the resources of a fund. + +Anyone know of anyone who’s done this? +Of course you could run it on your own, but you could also scale it and make it more robust with the resources of a fund. + +Anyone know of anyone who’s done this? +I'll start by saying I've probably spent about 15 hours googling, reading articles and posts, watching videos, and exploring product/service websites. I now have a myriad of options and paths, but am sure others have a bunch of insight that could save me from making many mistakes. + +I have been involved in stocks/crypto for about 4 years now and done decently well with long term investments. My day dreams of trading come from watching a youtube channel called "Trading Rush" where the creator is a very experienced day trader and regularly tests trading strategies 100 times to get their win %. Sometimes he has bots do it, which is what has led me here. Seeing that he can have simple strategies that lead to a 50 or 60% win % using 1.5/1 profit loss ratio. Of course he doesn't share the bots and doesn't really talk more about them than that. To have something like that just sounds.....too good to be true. So question #1 would be: + +1. Is a simple strategy bot really possible to be that profitable? + +Now most of my research has been on how these bots are make, or I could copy off of. There are so many choices such as python, or paid options, or pine script within Trading view and hooking up with an exchange to execute. + +2. This might be personal preference or experience, but advice on what to use here? (I know nothing about coding. So using the articles I've found, I feel like I could possibly make the pinescript work by copying a lot) + +Going back to the Youtube channel (can't include links here as its seen as promotion) I have had it in my head to use this for forex trading, though I haven't done it before. I like crypto, but don't feel its predictable enough for such things to really work well, and I could be totally off. Theres a lot of options for Forex platforms to use, and those may have impacts on the type of program the bot is based off of. + +3. Is Forex a good idea for this or would crypto suffice and be easier? + +**TL;DR**\- Im trying to research how to get a bot running that will do forex trades with consistent profit using MACD or the beep boop indicator. Is my head in the sky with what I'm going off of or is this a real thing? What paths should I use for coding, and then for the exchange? + +Thank you for any help and direction +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. 🦍💎🙌 +Makerdao moved from 5 to 20 million over the past month + +Golem moved from 5 to 20 million over the past month + +Iconomi moved from 10 to 30 million over the past month + +Augur started at 100 collapsed to 25 and is back to 40 million, so it has overshot 20 million + +Firstblood appears to be moving up -- towards 20 million? + +Singular appears to be moving up -- towards 20 million? + +With the exception of Augur the crowd does not seem to be trying to value any of these business models. The crowd seems to be saying "I have no fucking idea what this cutting edge Ethereum token should be valued at, I know...20 million!" + +Am I the only one who thinks this is absurd? I realize that speculation is what fuels crypto, but shouldn't we be engaging in some sort of guesswork as to the type of income these projects might be bringing in? And then based on that income estimation making speculation about the value...not just, hey 20 million sounds good! + +Golem is the easiest. It will bring in exactly zero dollars of income for the holders. I think it will be great for Ether prices, but I have no idea why everyone is so excited about a token that gives you exactly nothing (yes Bitcoin rah rah rah) + +Iconomi I have been arguing with people about. There was some analysis done by Smith and Crown? They said best case for Iconomi was for it to be valued at 25 cents based on typical investment returns (which we have blown past) and worse case, or bear case was like 5 cents, I'll try to find the link. I think it's heading to whatever the bear case was bc I'm an ICN bear (big time) here is smith and crown analysis, actually less than a penny for the bear case https://www.smithandcrown.com/valuing-iconomi-token/ + +We have Makerdao. Value there will be if Dai gets adopted. If it gets adopted widely it is massively undervalued right now. + +Digix. Yes I think the income cases for Digix haven't been uber-strong. But they will expand past gold, so a work in progress. + +Augur. Income will depend on volume of predictions. If predictions are heavy it is massively undervalued. + +Firstblood, income based on being a witness to video game matches. I haven't seen anyone try go figure out how profitable this will be. Have no idea? I know lets give it a 20 million usd valuation lol. + +Singular gives you a cut of pay per watch. I asked them straight up if this could be porn, bc that was the only use where I could see people actually paying, they didn't answer so I didn't invest -- but again, it looks like we are moving towards 20 million. + +Plutons, I remember looking into them and not being able to figure out why they would make money, but they are probably moving towards 20 million. + +VSlice -- they changed it up. For the ICO they said only a cut of their dice game, but their ICO sucked so now they aren't being so greedy and are saying a cut of all the gambling on their platform. Could be a sleeper. (I haven't thrown anything at them though) + +I'm pro: ETH, Maker, Digix, Rep. + +Neutral on: Golem, Singular, First, Vslice + +Negative: ICN, (plutons? I think I am negative on them, not sure) + +Feel free to talk your books peoples! +Let's try to collect some ideas how to make the ecosystem grow further. Here are some ideas of mine: + +* Invest in the DAO to support startups in the ecosystems, thanks Sunshine747 +* Talk to people at tech meetups, send them a few finney (1000 finney = 1 Ether) +* Reach out to Shops and POS terminals to integrate Ethereum, e.g. Shopify, Ingenico, etc - if you know people in the industry, ask them what they think about the tech +* Write guides how to get started using the wallet, browser, how to trade and stuff +* Wear a shirt with the logo to spread awareness +* Create a website that promotes a core feature or several which can help out beginners (Mist browser, Mist wallet, Coding tutorials) +* Try to build a simple dapp + + +Personally, I am supporting the ecosystem by mining (and investing into the DAO) but I also wear the shirt at meetups and have created a website that still needs some work. Also considering an investment into a dapp but still holding off on that. +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 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). +I'm planning to get married in the near future. I'm curious how others with significantly greater net worth than their partners have handled finances in marriage. + +We're planning to keep personal assets separate and share living expenses. I'm going to talk to a lawyer about a prenup. + +- Within a prenup, what do people think is most/least important? + +- Anything else I might want to consider? + +- Any regrets? +Early on in ones career, it seems like you should be going for high risk high return investments to maximize FatFIRE potential. I don't think that putting it all in SPY for a 7% return is an optimal risk exposure here. What areas would you look into for a higher expected return, and an investment size of $250k+? Single family real estate seems tough to scale as your portfolio size grows, and is pretty location dependent. What about things like commercial real estate? Alternative investments? Short volatility? Any recommendations here would be appreciated. +Hey, + +I'm like a lot of people in this subreddit. Single male, HCOL (no, not Bay Area), late 20s, tech, 330-370k per year. I do all the standard good stuff: max out 401k, HSA, Roth IRA. About 50-60% of my after-tax income goes straight into savings. My NW is around 300k. I'm really not trying to brag. I don't talk to anyone about money. In fact, this is the only sub I can talk about these first-world problems with and not feel weird about it. + +Anyway, I read around these subs, and I get the impression that most people here don't splurge on cars. Most people on fatFIRE have solid, dependable 20-50k cars (from a car post a couple of months ago). Let alone /r/personalfinance, where owning anything that isn't a $3000 used 1990 Honda Civic is considered a bannable offense and a grave crime against humanity. + +The problem is that I love cars. I watch car review videos for fun. I usually buy a new (used) car every 6 months to a year. However, I recently bought a new \~100k electric vehicle from a certain well-known electric car manufacturer. That's the most expensive thing I've ever bought. I feel stupid buying it when that number can easily be a half a downpayment on an apartment here. It really feels weird driving such an expensive hunk of metal. Especially when I have to drive acquaintances and they first see the car. Other than that car, you wouldn't be able to tell that I'm not just a regular middle-class person, since I don't spend on much other than travel. + +It's not that I can't afford the monthly payment, which is about 1k on a 72 month 0.9% 70k loan. I barely even notice it in the big scheme of things. I just feel... stupid? Like I don't own a home and yet I bought an extremely expensive car. Personal finance blogs hammer the point about the opportunity cost of money, and how 100k now is 1 million in retirement. I'm conflicted. I've been considering selling the car, eating the \~20k depreciation loss, taking back the equity I put into it, and buying more index funds. + +​ + +I guess I'm looking for guidance from people that have dealt with this or a similarly expensive hobby. + +Should I sell the car ASAP? + +Should I just stop worrying about it? + +If I do sell the car, how do I scratch that itch without feeling like an idiot? How can I perhaps divert that itch into something more productive? +I have capped at 150k as a small business owner. I see a path to grow more but incrementally and to actually increase my salary... and one day passive income. Maybe I can sell one day, I’m trying to build a business that is sellable. I get that an industry with higher margin would be the simple answer, but I’m just not sure how that works in practicality. To me it almost sounds like, yeah having a blockbuster idea with the perfect execution... but obviously easier said than done. So then I read about “jobs” paying $200k, $300k, $500k+ on here and apart from this place being filled with 90% anesthetist... what am I missing? +I was watching the news the other night and saw in my area (Kansas) the CARES act paid for 250 people to get IT training. I signed up not thinking I'd get in, and I am getting free classes to take a COMPTIA Security + exam. The exam is also paid for. I'm wondering if there are other states with these programs and if anyone could benefit. I'm adding the link below to the Kansas one I'm using. + +[https://www.softwarfare.com/softwarfare-university-enrollment](https://www.softwarfare.com/softwarfare-university-enrollment) +Cory Booker and Schumer and Wyden are getting aggressive with cannabis decriminalization during in this Congress. They will be putting forth legislation and if it gets out of committee cannabis stocks across the board are going to get a big bump. This is likely the reason why everybody is talking about cannabis stocks right now and it's a big reason why it's a big part of my portfolio right now. + +My plan right now is to start buying really cheap Penny cannabis stocks that look decent, or at least real companies with a plan to grow, hold for the next one to three years. Right now my plan is to put about $100 to $300 each on a dozen or so different cheap cannabis stocks and hope that after it eventually becomes decriminalized federally a few of these turn into solid companies perhaps even traded on NASDAQ. + +I'm staying away from .000 stocks and focusing on sub $1 and sub $0.50 even better. + +Loving HITIF right now, can't say that enough. (Bought at $.44) But also bought some ERBB. Also like NXGWF WDDMF and also CBDD AND RTON + +any additional suggestions? +Next stop is the Senate, where the vote margins are substantially slimmer. + +If the Senate approves a bill it goes to reconciliation, where any differences between the two bills must be resolved by a House-Senate committee to produce a uniform bill. That's how, for example, the ACA mandate repeal could end up in the final bill even though it is not in the House. Then that compromise bill goes back to each chamber for a majority vote. + +The final compromise bill still has to meet the Byrd Rule in the Senate, and the vote margin is razor thin, so the Senate has a lot more leverage in reconciliation negotiations. Essentially, the final bill is likely to look a lot like the Senate bill (assuming one passes). + +Some in the House have balked at the current Senate proposal, but I suspect when the compromise bill is actually on the table, Ryan will be able to whip the votes. 13 Republicans voted "no" on the House bill, and they can "afford" to lose about 10 more and still pass a compromise. + +This was a small step, but the most important step in the process is whether the Senate can actually pass a bill. +Edit 2: another redditor just checked in with SLGG (moonjam hosts) and found out that they do plan on shutting down the moonjam server on Monday. So take this post with a grain of salt as new info has made its point less relevant. + +A few bullet points to keep in mind before getting to my point. +1) RC plays his cards close to his chest, he told us flat out he won’t be telegraphing his moves. +2) MoonJam is an event GameStop sponsored along with other companies. It may have nothing to do with MOASS in the first place other than some cheeky references. Could just be something to do while we pass time til moass. Could be a countdown timer. Any connections are just theories. +3) MoonJam has some community objectives AND those weren’t completed by the time it was supposed to end today. + +Bearing all that in mind, I want to bring up a community event that ran in another game, one GameStop had no hand in. Destiny 2’s the Corridors of Time. The event took place back in January 2020 for 2 weeks. In a nutshell, you would have to run through a maze, at the end you would see a hexagon shape. The shape was either blank inside or had a symbol, could have any, none, or all of its 6 sides open or close, and each side had a sequence of symbols on it. You could get a new piece every hour. In all there were almost 5000 puzzle pieces, but community members could only ever see their own. To begin assembling, people had to screenshot their piece and submit it to teams who were (essentially) assembling the puzzle. After the puzzle was solved, it became apparent the puzzle was actually a maze. So people began trying to solve a 5000 room maze to get the ONE exit. Solving the maze gave you a code you had to follow in game. To recap, you played the game to get the puzzle piece, that was then assembled outside of the game, to create a maze outside of the game, to get a code you then had to use back in the game. And Bungie (developer) never explained or helped with ANY of that. + +Bungie opened the puzzle up and if it wasn’t solved in 2 weeks they’d drop the solution. It took the community SIX days to solve it. And if you hadn’t participated you might be thinking “oh man I bet the community was stoked and rewarded for their effort”. Lol, nope. + +The reward was a cut scene and a gun. Bungie had already shown off the gun months prior so it wasn’t a surprise even though it was a pretty unique weapon. The cutscene was leaked weeks prior and while it COULD have been as big as Vader’s “No, I am your father”, due to being leaked it felt like a dud. Millions of players cooperating to solve a giant puzzle across almost a week for it to be a letdown sucked. + +I tell that story to relate a few points about community events in video games. +1) the devs have to guess how long it will take to solve. Destiny devs thought 2 weeks, MoonJam devs thought until aug 20. +2) They can be wrong either over or under. +3) The reward is better when you don’t expect it. +4) the devs make contingency plans for if the puzzle isn’t solved. + +Whether MoonJam is meant to be a shf nuke detonation clock or just a fun time, nothing is happening arbitrarily. Teams behind the scenes will move this along whenever it needs to be, your role to play is just to enjoy solving the puzzle with the community. + +Fucking art imitating life right there. + + + +Edit: I’m reading through the comments. Lot of apes saying they aren’t nervous at all, absolutely phenomenal to hear. Also a lot of apes who think MoonJam has never been connected to the stock at all or are thinking it’s possible but not likely. This is why I’m so damn proud of this community. Minds are open to possibilities without jumping to conclusions and zen at peak levels. +What the title says. + +Context: I’ve got a job in London that pays circa 38,000(plus bonuses), which will start in November. I come from a working class background in the North, so this is more than double than the salary my mother made(single parent). Within 3 years, my base will increase to 60,000, inc bonuses. + +The recent news about NI tax increases and student loan thresholds is concerning me. Especially the latter, I graduated in 2020, and was on a 4 year course, and have a student loan of over 70k. This is also my first job(I’ve had unofficial ones before that paid in cash in hand, but they were when I was 15-16 and for a few weeks) + +I want to accumulate wealth, and was hoping anyone from a similar background has any tips, or if anyone on this path right now, could give any indication. I’m feeling a bit jaded seeing the news, and people panicking about repayments etc. I have no idea how this will impact me. I’ve worked really hard to get to this position, but it feels as though I’m still behind people, and coming from a family where no one is financially aware, it makes me lose hope. + +I appreciate that I’ve got a decent salary, but any tips on wealth accumulation would be appreciated. My number one goal is to get a mortgage, as growing up I moved houses more than 7x- is this more than possible or is this a pipe dream? I don't have any financial support for deposits as many of my friends do, absolutely zero, yet I'm still determined to achieve my goals. + +(Also, moving abroad isn't an option as I have family and other considerations) + +Thanks- this sub is very helpful generally, so I thought I'd post her +RC has always been about hard work. From his time building Chewy from the ground up to saying he wants people that want to work, he has consistently showed that he values working tirelessly. + +So now, all of a sudden, RC wants to have fun? A common saying, “work hard play hard” explains this perfectly. Think about it; the hard work is done, and now RC is sitting back and having some fun. + +I expect something big coming soon. MOASS tomorrow🚀🚀🚀 +Buy Hold DRS +Evening all, + +Like many of you I'm sure, I follow a bunch of other finance related groups on Reddit. Occasionally, I'll come across threads discussing personal finance. Often times I'll read about 20-30 year olds earning several hundred thousand dollars per year. + +I'm interested to know, how the f*** are they doing it? No doubt there'd be people who exaggerate. There'd also be people who have come into money/an inheritance and put that to good use. But for those who haven't, how have you managed to become a high income earner at such a young age? Do you have a high paying job, or have you constructed multiple income streams? If so, what are they? + +Cheers! +Does anyone have any interesting data on the impacts of this pandemic involving the role of BoMD in supporting their children's loans or investments? An easy quick one is that financial gifts to assist with deposits will likely be down due to the drop in the stock market and employment. Are there other impacts though, say for instance, if they are guarantors on contracts etc.? + +If I'm not mistaken BoMD was one of Australia's biggest lenders over the past couple of years. Obviously not in the big 4 but I thought something like top 10. +I'm watching the debate and I just got really triggered by them saying that many Americans spend nearly half of their income on rent. I pay more than half and I fought hard to hunt down this rental which was by far the least expensive rental I could find. I live in an area with a high cost of living and rock bottom wages and I can't leave until my kids are grown. Feels like a prison sentence sometimes. +Financial background: Our combined income is 230k plus annual bonuses ~minimum 10%. Both of us max out our 401k and HSA (not eligible for IRA). We also get raises every year, at least to match inflation if not more. + +Me and my spouse have purchased a new house which is under construction and we will get its possession in 2-3 months. The final home price is around 530k. We had planned on paying 20% down and getting a 15 year mortgage and then pay it off as soon as we can so that we can actually own the house. + +Our friends and family have floated a few different ideas that is making us rethink our original mortgage plan. + +1. Since this is our first house, we can put 5% down (without having to pay PMI due to good credit) and get a 30 year mortgage. Then use the extra cash and purchase another house and rent it out with the idea that the rent we will get would cover most of the mortgage payments for the second house. + +2. Get a 30 year mortgage and invest the difference in monthly payments (vs. 15 year mortgage payment) since return on investment will be more than the mortgage rate. + +3. Get a 15 year mortgage and make biweekly payments instead of a monthly payment. This way we pay of the mortgage even faster (one extra payment a year). This, for a financial piece of mind of being mortgage free sooner. + +Looking for thoughts and suggestions. Any other ideas welcome as well. +&#x200B; + +https://preview.redd.it/c0i7c2rgj7g81.jpg?width=1270&format=pjpg&auto=webp&s=1511d8c098ef56efdbe024d23c56c1b64ad7b085 + +&#x200B; + + + +It has been over 3 years after Facebook's announcement of the plans to launch their own stablecoin project Libra which has gathered more that a billion USD from various well known companies and institutions as well. So, for now the project is almost abandoned and dead as per bloomberg. "Meta" recently announced that they are planning to sell the project. + +Obviously, this is a clear example why you should avoid VC funded centralized projects with CEO, CFOs. All those schemes are vulnerable to regulatory annihilation or chief executive rug pull. +This is why El Salvador is bitcoin only! +Looking into selling verticals on /ES future contracts. However the bid-ask spread is almost $1.00. I take it this means it definitely is not liquid and I would have a hard time selling the vertical at a good price? Besides no risk of assignment, what other benefits to options on futures do you all see/utilize? +https://www.dailymail.co.uk/news/article-10372327/Venmo-PayPal-Cash-App-report-transactions-totaling-600-IRS.html + +Is the way forward to buy using cash on local stores? +[https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a](https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +A recent rumor has been going around that suggests Chinese exchanges may be closing. This has triggered a lot of panic selling and a short term drop in price. However, I think if the rumors are true the medium to long term effect will be positive price movement. (I lose when I make short term bets, so I'm staying out of that.) + +Most of the major mining operations happen in China (especially for Bitcoin). If exchanges close, what are Chinese miners going to do with their coins? They can't sell them for fiat (not easily and not out in the open). So they have a few options: + +1. **Stop mining.** They've already invested a lot of money in their mining operations and from what I understand they can get electricity for free (or at least really cheaply). It wouldn't make sense for them to just stop. They wouldn't have an incentive to stop. So they'll keep mining. + +2. **Hold the coins they mine.** If they're no longer able to easily convert their crypto into fiat, then they could just decide to hold more of them and hope that at some future date they'll be able to realize their earnings. This could push more miners into being speculators, rather than dumping what they mine directly onto the market, and could reduce the supply available to buyers, causing the price to rise. + +3. **Trade the coins they mine for other cryptos.** According to the rumor what's being outlawed is the exchange of fiat for cryptos but not crypto for crypto. They could choose to convert some of what they mine into other coins. I don't know what their options are here. Converting them to USDT, if allowed, might make the most sense for people seeking stability. However, some might choose to invest in projects that could give them a return. Some miners might choose to do this who wouldn't have without the ban since they're going to be stuck in crypto anyway. Ethereum has had constant good news for the past month, and (obviously as an ETH holder) I believe it's a good choice considering the potential. + +(I have some other guesses about a few cryptos I think Chinese miners might be attracted to outside of ETH, but I'm not going to mention them here because I have a vested interest in them.) + +So whether the rumors turn out to be true or not, I am still choosing to hold my ETH through what may very well be another bloody weekend. I think we'll still be above $400 by early October. Good luck everyone. +Back in December 2014 I heard about bitcoin and surmised that it either one of two things would happen Either 1) This is going to be a novelty that will fizzle out until they're basically worthless or 2) This is going to become a real currency. + +In the case of number 2, the value will need to be in the hundreds of billions of USD to actually be considered a currency. At that point in time I figured I should bet on it, so I bought one. When I heard about ethereum I bought some too, and I've been hodling that ever since as well. + +The point is, that was almost 3 YEARS ago. I know everyone is antsy to get their lambos right now, but if you're a hodler, this could take some time. I still truly think it's on its way to the moon, but it's not going to be overnight. These little ups and downs are meaningless, and if we only get 50% growth in a year then consider yourself a more capable investor than basically anyone on the NYSE. +Hi everyone I was looking for some advice on making sound investments. I am a freshman in college and this summer I will be interning at a company from may-august's end. I plan on putting every biweekly check inside ETH. In the end I will have invested a little over 15000$ from those three or so months. I know it's not smart to "risk" a lot but the thing is I don't have much to lose (three months) doesn't feel risky to me since Ethereum is not nearly as bubble like as Bitcoin. I am currently working on developing a dApp and the more I think about Eth and it's potential the more obvious it feels that I should put my money in it. What do you guys think? I should note that I'll be graduating in april 2019 and that I have basically no college loans as I am on a full ride. +I'm not sure where else to ask this, but it seems like you guys take this topic fairly seriously, and I'd really appreciate if some of you experienced folk could answer this question as honestly as possible. + +&#x200B; + +I'm not asking "Can I get rich in a year by day trading?" I'm not asking "Is day trading for me?" I'm not asking "Can I follow the advice on r/wallstreetbets and win big?" + +I am in my mid-20's right now. I am on the very verge (literally weeks) away from graduating with a mechanical engineering degree. I am very focused on achieving financial independence so that I may earn myself the opportunity to reduce how much I have to work and increase how much of my time I can spend on my family, my friends, and myself. + +The 8-4 Monday to Friday job/career is a harsh reality, but it is a reality for the vast majority of people because most people will not be satisfied with the "live in a camper van for $5000 a year" life style, which, as far as I can tell, is essentially the only alternative to earning a big enough income to sustain the typical lifestyle, even a frugal one. I especially despise the idea of spending the majority of my life working for somebody else until I am 65 or older just to sustain my lifestyle. + +I recognize that sustained frugal living and moderate, safe investing of excess income into index funds and the like is a reasonable strategy to mitigating that risk, but even with my income prospects, I'm not likely to be able to "soft retire" anytime before 50 (mechanical engineers in Canada don't get paid extravagantly well, on average - well, but not big money, especially when you take the cost of real estate into account). + +&#x200B; + +I am legitimately interested in the prospect of day trading for a living, because ultimately I am interested in being in control of my own time and my own life. Yes, I understand that day trading is not something that can be taken lightly. I acknowledge that it would very likely be stressful and time-consuming, especially in the first few years. I realize that greater capital is needed to safely make enough returns to have an income. I also realize that I would need to first develop a big cash safety net for myself (like, 1-2 years of straight living expenses) on top of my starting capital. + +I do not expect anything extraordinary, and I understand that I would have to spend much, much of my own time studying, practicing, and learning as much as I can about it in my down time if I'm to have any hope of being successful. I have spent 6 years in a challenging (to me) degree and I am confident of my ability to learn, and continuously learn about, complex topics. With that said, I have a few specific questions that I hope you all can answer: + +&#x200B; + +1. Is retail trading even a thing anymore? Is it a dying breed of work in the same way that, say, being a typist died out when most people learned to use personal computers? +2. Is day trading a legitimate prospect if you put enough work into mastering it? Meaning, is it "a long shot" like getting on an NBA team is a long shot, or is it simply a question of effort and practice? +3. What kind of percentage returns could I expect to reasonably achieve? Assuming about 250 trading days in a year, I tried to come up with a reasonable range with napkin math: lets say a yearly return of 45%, or an average of about 0.15% every trading day (fees, taxes, etc accounted for) on 20k nets approximately 9k in cash at the end of the year. Extrapolating this out at the same ROI year-on-year, by the end of year 5 this 20k would look more like 128k, and by the end of year 10 more like 821k. Of course, it would be difficult to live off of 9k in the first year, or 13k in the next year, etc, so the required starting capital is a big question. But am I way off on my assumptions? Is 45% YOY unreasonably optimistic? What is a reasonable expectation? + +I understand the reticence that amateur questions can provoke in investing subs, especially when it comes off as though the person thinks they can listen to a couple of pod casts and start doubling their money every six months. I want to assure anybody reading this that I am asking these questions from a place of deep interest and critical analysis, because I recognize that success with something like this would take a lot of dedication. I would just like some honest input from people who do actually day trade for a living, not secondhand experience about "I know a couple guys and they do really well" or "you'll just lose money." + +&#x200B; + +I really appreciate it if you've read the whole post. Thank you. + +\[Edit: Fixed my math, typed that in a bit of a rush.\] +I've come to the realization that I will never be even close to well off on salary, don't own enough capital to own properly to generate additional income and well, I look at trading as a savior at this point to give me an edge financially. I've been trading on and off for about 2 years now and while I have had some winning trades, most have been losers. I'm mainly interested in pattern trading, day trading, swing trading, technical analysis. I'm not going to lie to myself and say I have the patience for long-term holdings and value investing. I want to be able to comfortably look at a chart or pattern and know exactly when to enter and when not to and get out of a trade quickly. While the internet is a great resource, I would almost prefer to study some sort of massive old encyclopedia style book that has stood the tests of time vs pulling down random articles. I figure a book would be easier to reference. **Could a pro trader point me in the right direction of a TA book that holds maximum value? I would appreciate it.** +They say that the phases for traders are massive losses, minimizing losses, breaking even, and then consistently profitable. + +I am now at the point of minimizing losses. I thought I was consistently profitable but now I realize that I’m just minimizing losses. My day to day losses have definitely begun to decrease. But I notice that I just 2 more hills to climb over. + +And those two are: 1. Stop losses. 2. Being too biased towards one direction. + +1. I traded options. SPX particularly. 0dte and 1 Dte. They can be very profitable if done right. The issue is that I am terrible at setting SL. I am very good at setting PT. I see levels and when prices stall out, I get out, even if it’s just a small profit. Because of profit is profit. + +But turn that around to losses, I hold on to my losers way too long. It’s like I don’t know when to set them. I can be in a trade and then a MASSIVE engulfing dildo of a candle will appear and I’m frozen like a deer with headlights and idk what to do. I’m sitting there like “okay is this a break out against me and I should get out or is this a “fake out��? All while the prices continue to fuck me and go against me as my losses stack up higher and higher BY THE SECOND. + +A perfect example is between 3:51-3:57 PM ET yesterday. Yes I know it’s highly volatile during the last 10 minutes of market but it’s what I mean. Just using that as an example. + +You thought that it’s a massive break out with it breaking news HOD at 3:54 only to have it just drop instantly. Idk where I should’ve gotten out with that example if I were short. + + +2. I am so short biased and it’s hard. I started trading during the March 2020 crash. So my mindset has been fixed since then that every pop should be shorted. I even lost a LOT of money playing puts during the rally after the crash. + +Now it’s being repeated on my trading again. I am red about 90% of the time when it comes to market Green Day’s. In fact 2 of my biggest losses in my entire trading career were two huge trending Green Day’s. + +Ironically some of my biggest WINNING days were red days. In fact 2 months ago when JPOW went on live right around market open and it tanked the market, I made a ton. Or when Russia closed its oil pipeline I think about a month and a half ago after lunch hour ET and we just tanked. I made a ton of money. + +I just don’t know how to get myself out of the “always go short”. + +It’s even funny that I find it very easy to exit my calls when I see the rally up starting to weaken. But I find it difficult to close my puts when reverse back up. + +I enter a state of what I call “come ooooon!!” Because I literally just go “come on maaan!!! This is bullshit” out of frustration because I couldn’t believe the market went against me again, while I see my losses stack up second by second as the engulfing candles keeps climbing following by another candle. + +Like yesterday. I was short and just saw Apple and Microsoft make new green candles one after the hour and continued to climb and make new HOD. +My fiancé was locked out the house and called the first locksmith on google who charged $715 to drill out our front door. I called multiple locksmiths immediately after who said $150 was the most they would charge. The company is now refusing the talk to me saying that they explained the charges to her. She was clearly taken advantage of but I’m not sure what to do. We paid on a credit card. Do we say it was fraud? +I've been getting debt collector calls from this company called Frost-Arnett for a few months now and apparently they are trying to collect a debt that I owe from a hospital stay I had last year. What's strange about this claim is that I had insurance during the time of my hospital stay. My insurance company has itemized all the charges from the hospital and they paid for all of it except for the $70 that they just sent a letter for. + +Frost-Arnett, on the other hand, is asking for $2,416 and I have no idea where it's coming from. I recently asked for proof of the bill and they sent a list of charges that doesn't align with what I have on my insurance account and they got the total amount wrong. + +Is this totally fraudulent? Does anyone have any idea on what I should do next? + +Addendum: I'm a 22-year-old college grad who knows nothing about finances or debt collection. I just wanted to add that because I'm incredibly uninformed this debt is making me anxious. That's why I sound so unsure about everything. + +Edit: The letter that was sent in response to my verbal response for debt verification was sent from a P.O. Box rather than a physical address. Does this count as the company's address? +Assuming you can only buy one of the three and that you are not interested in something like QQQ. Also assume that one already has other plays like value, oil, etc. e.g. I am not asking if these stocks are overpriced and if we should instead buy CVX or HAL, etc. + +NVDA has AI, which appears to still be at an early stage and has unrealized potential. However, it is unclear how much of that potential is real and how much is hype. If we get a bear market, NVDA will drop but might come back once the AI potential is realized, especially if the AI is needed for the event triggering the bear market (e.g. making smart weapons to combat Russia, accelerating green technologies to combat climate change, etc.). + +GOOGL also has AI and some other plays like Waymo, but GOOGL remains mostly advertising. If we do get a recession or a bear market, GOOGL could get hit hard and might also be slower to recover. + +MSFT seems the most stable of the three, but I'm not sure if the growth will be as high going forward. Seems like most businesses already use Office and while MSFT could raise the price, there does not appear to be as much expansion in terms of brand new accounts. Video games are also rather competitive with PS5 having great games so far, and Switch also not being shabby. + +**EDIT** Thanks, all. I read all of your comments and will keep all three but might trim them some later to avoid over-concentration in any particular stock. + **TLDR** \- the effect of short selling on a positive-beta stock will be to give the stock a negative beta. Otherwise, in normal situations, there cannot be a negative beta stock because it is only theoretically possible, not actually possible. What is GME's current beta? Depending on the source: + +Financial Times: -1.7413 + +Yahoo Finance: -2.07 + +Nasdaq: -2.09 + +At 16 March 2021. + +This is CRAZY. I am currently writing my dissertation for an MSc in Finance and Financial Law. I learned in Corporate Finance that a negative beta stock is like a mythical unicorn, so when I noticed a few weeks ago that GME's beta was -2.01, I interpreted this as some sort of perversion around what is happening with the stock right now but did not understand what it really meant. I have since been investigating this in my own time instead of my actual dissertation topic and this is what I have found - that short selling can create a negative beta - and now GME's beta has fallen even more to as much as -2.09 according to Nasdaq. + +**Background theory - IMPORTANT** + +What is beta? Beta is a number that reflects the correlation between the price movement of a stock and the movement of the overall market. We do not have the data of the "real world market" so the "market" of GME is going to be the S&P500. Basically the "market" is the universe in which we and all stocks exist. That is why a negative beta is normally not possible. It is like saying that a certain species of animal will thrive and prosper the more the health of the Earth as an environment deteriorates. Yeah, it could happen in an abnormal situation, like an atomic bomb and the cockroach population coming out the winner, but it is not something normal as we all depend for our growth on the market/the Earth. + +A beta of 0 means that there is no correlation between the market and the stock. + +A beta of 1 means that the stock moves exactly the same as the market, e.g. if market is up 10%, the stock is up 10%. + +A beta of more than 1 means that the stock amplifies the market's movement by that much, e.g. if market is up 10%, then a +1 beta stock would go up, e.g. 15%. + +A beta of -1 is a perfect negative correlation, so the stock moves exactly the opposite of the market, e.g. if market goes down 10%, the stock goes up 10%. + +A beta of less than -1 means this negative correlation is amplified, e.g. market goes down 10%, stock goes up 15%. + +An easy online source: + +'Negative beta: A beta less than 0, which would indicate an inverse relation to the market, is possible but highly unlikely. Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines.' + +[https://www.investopedia.com/investing/beta-gauging-price-fluctuations/](https://www.investopedia.com/investing/beta-gauging-price-fluctuations/) + +**About GME specifically** + +Here is the historical beta of GME: + +02/28/2021 -2.195 + +12/31/2020 1.404 + +09/30/2020 1.084 + +06/30/2020 1.038 + +03/31/2020 0.4512 + +You can see that GME's beta has only been negative since end of Feb 2021. Before that it had a very normal beta of over 1, meaning when the market was doing well, then its business did well too, i.e. people have money to spend on games, etc. Even during most of the lockdown its beta was still quite a bit above 1. But at the end of Feb, it suddenly went all the way down to -2.195. What happened at that time? The massive crash down to $38. Plotkin himself said that the rapid rise in price was not due to shorts covering right? But have they covered since one way or the other? The beta would indicate no because now the beta is even lower, at -2.09. Since Yahoo confirms Nasdaq, I think the FT is sus and in the best case just doesn't update its data. -1.7413 is still remarkable though. + +Here is a quote from an academic source by Fabozzi - the author whom I credit with helping me the most to prepare for my Corporate Finance exam - anything he writes is gold and written very clearly with no academic posturing or arrogance: + +'So far the implications of systematic risk have been ignored. The beta of a short position is the negative of the beta of a long position, and is hence normally a negative number. In the capital asset pricing model, the required rate of return for an investment depends on the correlation of the return from the investment with the other securities in the portfolio, a characteristic that can be measured by its beta.' + +[http://www.dmf.unisalento.it/\~straf/allow\_listing/fabio/fabio3.pdf](http://www.dmf.unisalento.it/~straf/allow_listing/fabio/fabio3.pdf) + +See also this author: + +'Although the data used in this research consist of net short positions and the tax regulation in the Netherlands is different from USA regulation, a small negative beta is expected to account for end of the year, tax-motivated short selling.' + +[https://essay.utwente.nl/66633/1/Klamer\_MA\_MB.pdf](https://essay.utwente.nl/66633/1/Klamer_MA_MB.pdf) + +Both authors mention this very casually and by the way because it is so obvious to them. Logically, if the true beta is, say, 1.4 then its beta when shorted must be a negative number. This is very significant for apes who like GME because they keep telling us that there is no more short interest, here's the data, etc. but they can't manipulate the beta. I don't know how the beta is calculated by these news outlets but I think it must be done automatically by the bots and even if FT were a shill and not simply inaccurate, the beta of -1.7413 is still crazy. + +For comparison, this academic says: + +'Every time I have found a negative beta in practice, there was either a data error or the sample size was too small for the negative beta to be statistically significant...But now there is an interesting real life case of a negative beta stock: Zoom Video Communications, Inc....A better example of beta changing dramatically (going from around two to negative and then back to around two) within a few months without any change in the business mix of the company would be hard to find. ***Negative betas may be a once in a 100-year event \[emphasis added\]***.' + +[https://jrvarma.wordpress.com/2020/08/23/negative-beta-stocks-the-case-of-zoom/](https://jrvarma.wordpress.com/2020/08/23/negative-beta-stocks-the-case-of-zoom/) + +To me, this is all very strong evidence that the shorts have not covered and are desperate. Due to the absence of reporting requirements for short positions and the other myriad and innovative ways that HFs may be shorting GME that we cannot see, no one has hard numbers for the actual short interest in GME, but ***the beta cannot lie***. Since HFs have been shorting GME since forever and the beta was still more than 1 even during the pandemic, it must have been safe for them ***so long as a large number of investors were not buying up GME and holding***. I am planning another post summarising what Fabozzi says about why, under realistic assumptions, optimists set the price, not pessimists (i.e. short sellers). + +So long story short 💎🤲 +I've been looking at single-story brick houses for sale and have been to several inspections now... and every one of them has cracks. + +Horizontal and vertical cracks in the exterior brickwork, separation between brick walls, cracks around windows and the frames separating from the brick, one even with the eave panels falling out as the shifting has exceeded the length of the panel. + +As for the interior, cracks in the gyprock at diagonal angles in walkways or window frames, vertical cracks right through skirting birds and cornices, and one even had pantry shelves pulling away from the wall on one side. + +I'm finding myself rejecting houses with that I'd consider to be decent cracks... except they all seem to have cracks... + +Am I being too paranoid or is there something wrong with all these 5-15 year old single story brick houses? and if so, what severity of cracking is acceptable? +Me and my gf of 8 years are planning on moving in together (we are both 31). I own a house with my brother (that we live in) which is largely paid off. We also have an investment property in the family trust with our mum. My girlfriend has no assets and a car loan debt of ~$20k. We also plan on having kids in the next few years. My question is: + +If me and my girlfriend moved into my current house and my brother moves out, could she claim a share of the house? + +If me and my girlfriend moved into the family trust property, could she claim part of that? + +Would it be safer to just rent a place with her for the time being until we can save for our own place together? +**Highlights-** + +* April Payrolls increased 266,000 after a downwardly revised 770,000 March gain, according to a Labor Department report Friday that fell well short of the projected 1,000,000 increase. Economists in a Bloomberg survey projected a 1 million hiring surge in April. The unemployment rate edged up to 6.1%. +* The disappointing payrolls print leaves overall employment well short of its pre-pandemic level and is consistent with recent comments from company officials highlighting challenges in filling open positions. +* Some firms indicate enhanced unemployment benefits and the latest round of pandemic-relief checks are discouraging a return to work even as job openings approach a record. +* Nasdaq futures jumps more than a percent while the Dow slipped about 0.1% + +[S](https://www.bloomberg.com/news/articles/2021-05-07/softer-u-s-april-job-growth-indicates-challenges-to-recovery?srnd=premium)ource: Bloomberg +This dip is just day traders and/or counterfeit shorts, trying to shake our will. Good luck with that. + +There isn't a day that does by any longer where I let myself be surprised by the rise and fall of my favorite stock's price. But, if I zoom out a month, or two, or back to my first buy in January, I'm zen as heck just like that. + +I read and trust the wealth of quality DD I've read, and I KNOW that the short HF have NOT closed their trades. They can't close their short positions. + +Checkers or wreckers, Lambo or Ramen. No Guts, No Glory. + +Buy. Hold. DRS. Be patient. + +Cheers. 🚀🚀🚀 + +📷 +I'm currently a technical lead making 58.5k/yr and I would say I'm over efficient in my job (that is I probably work an average of 30 hours a week compared to the traditional 40+). + +My company recently underwent some structural/process changes and is in need of someone to step up to be manager of the team (that I'm a lead in) because the current temp manager has way too much on his plate. + +It's not that I don't feel like I can't do the position but when I asked what the difference in comp would be, I was surprised to find out it's only an additional 5% (about 62k). I expressed how this was a lot less than what I was expecting and made my counter offer at 75k (which is more than I'd expect anyway, but I was okay negotiating to 70k-72k). + +Supervisor asked me why I felt I warranted that much and I laid out everything I've done, my value, comparisons to similar positions, how I nearly doubled my starting salary over 2.5 years, etc. He said that perhaps we could revisit in a couple months (specifically 4-5) to discuss a further raise. The thing is, that's when my annual is due anyway and I fear they'll just "combine" it and low ball me. + +I'd be managing a team of 9 people, half of whom are high maintenance. And even after optimizing for the role, I think I would be working a full 40+ for only 3k more a year. + +The thing is, I said I was 90% interested pending the salary increase and even after hearing it I said I'll have to think it over. But now I don't want to do it because it doesn't seem worth it for such a small increase but I don't know if what I am asking for is excessive either. + +As far as leverage goes, he's only gone to 2 people for this position and the other person turned it down immediately. I'm responsible for a majority of the process changes that has happened and understand the role inside and out but I'm not sure what the likelihood is for them to just get a different manager in the company and integrate them. + +~~Edit 1: This got a lot more traction than I anticipated. I think I am going to turn the position down, however I wanted to know how this could impact things moving forward. I essentially said I was pretty much interested and ready but needed to know the salary increase prior to making a decision and after hearing it I was bummed but said even though I 95% want it, I'd have to think it over. So how do I professionally go about declining something that I nearly accepted all due to salary?~~ + +**Edit 2: Thanks for all the responses. It's been interesting to see how divided the comments have been with "it's good for your future growth, take it" and "it's not worth the added stress / work for the marginal increase, don't take it". As I've not yet made a decision, I think I am going to stand firm with my counter offer and see what happens. I would not feel comfortable doing the role without being compensated for the added value and then regret the decision later. I'm less likely to regret NOT taking the position for a minor increase as I know my own capabilities and what I bring to the table--here or elsewhere.** +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. + +You've might've heard of Vector Marketing before. Say what you say about them but I made OK money that winter break. They've sent me two letters asking for around $30 back from a 15% commission sale I made a while back. The contract—I'm considered an independent contractor; I'm back in school but I didn't break the contract when I left—doesn't have a section on what to do in case of customers' returns, so that's 1 thing. But the big gripe is that they're supposed to pay me $17 per appointment regardless of a sale or not, and I'm not happy about having to pay them back for work that I did and should collect on. I don't have a problem paying back the $13 in outstanding commission. Should I just write a check at that amount and include like a note? +Edit: wow r/personalfinance rocks. Update for those who are interested; I think I found the coup de grace: +This was my first sale on my second or 3rd day on the job, so I should have collected 10% on this sale, which is $18.5 (above the $17 minimum, so I got 18.5). But I just realized that they are trying to collect a 15% commission (185*.15=exact amount they want) that they didn't even pay me at the time! I got my promotion to 15% a few days later. I'm starting to believe everyone here saying there just trying to scare me into not doing the math. I'm still scared about it going to collections though +About a month ago I did an analysis for the real short interest (SI) for GME using what know about the legal Married Put mechanism for creating naked shorts. + +I wanted to revisit what we know for sure about the mechanism for how the FTD's are hidden, the latest put option open interest and why the new DTC rule about double-borrow shares was implemented. Yes, I know some people don't think these remnants don't mean what we think they mean, but maybe they do. + +**TLDR** Married Puts continue to be used to create naked shorts. Short Interest is at least 152% and increasing by over 100,000 shares per week. + +**Assumptions** + +1. Citadel and friends are using the Married Put method of hiding FTD's. + +2. Any Put at a strike of $20 or less is an irrational option play no sane person would make. + +3. These apprently irrational puts are in fact part of a rational mechanism for hiding a FTD. + +4. The current outstanding number of irrational puts is correlated to the number of FTD's resulting from naked shorts. + + +What does irrational mean? Betting GME will drop below $1 by the end of the year is bonkers. + + +**Let's math!** + +GME Shares outstanding: 70.77M + +GME Float: 47.75M + +Irrational Puts from now until Jan 2023: + +Option Expiry | Open Interest Apr 18 | Open Interest May 11 +:--|:--|:-- +Apr 16 | 7,067 | 0 +Apr 30 | 6,124 | 0 +May 14 | 135 | 683 +May 21 | 3,648 | 3,990 +May 28 | 150 | 412 +Jun 4 | 0 | 64 +Jun 11 | 0 | 11 +Jun 18 | 0 | 1,046 +Jun 25 | 0 | 13 +Jul 16 | 299,922 | 303,927 +Oct 15 | 14,736 | 19,223 +Nov 19 | 22,760 | 22,601 +Jan 21, 2022| 220,355 | 224,653 +Jan 20, 2023 | 43,984 | 46,136 +Total puts | 619, 458 | 622,769 + +Shares short from Married Put remnants on April 18th: 61.9M + +Shares short from Married Put remnants on May 11th: 62.2M + +**Ok, what is this?** + +The number of naked short shares implied by Married Put remnants has increased by 331,100 shares in the last three weeks. + +* Over 13k of irrational puts that expired worthless in the last three weeks but the total number of Irrational Puts continues to increase. Not only are they are continuing to utilize this method of shorting, but they are increasing in number as well by apx 100k per week. + +* Ortex has 'exchange reported' Short Interest at 22.2%, or 10.6M shares. + +* Combing the calculated naked short interest of 62.2M with the official short interest, we get 72.8M shares short or *152.5% SI*. + +* On May 21st we have another 3,648 of irrational puts expiring, we'll see if they get 'rolled' over as well. + +* The next BIG batch of Irrational Puts is set to expire in just 8 weeks, July 16th, over 300,000 or nearly HALF of them our there in fact. If we see a fresh batch of about 300,000 puts get created that day for an Op Ex six months in the future, I'll be on the phone to the SEC telling them they need to end this little charade. But do they need to get rolled? No. If apes keep buying, they need to short that number of shares, whatever the cost and by any means. + +**Discussion** + +Could the Short Interest be higher than this? ABSOLUTELY. This calculation does NOT include short shares created directly using legal Market Maker provisions and have not yet been covered by that Market Maker. This calculation does NOT include legal short shares created using the re-borrowing method. This calculation does not include shares shorted via the ETF's. (62 [ETF's](https://www.etf.com/stock/GME) hold 10.5M GME shares.) This calculation does not include any other means of shorting. + +The new DTCC rule SR-DTC-2021-005 would prohibit the re-borrowing of a borrowed share. Will that rule apply the NSCC Share Borrow Program as well? Let's hope so. They pulled the draft of this but I'm hoping to see it make a return soon. (See links below for more detail on 005.) + +Once the new DTCC rule prohibiting the re-borrowing of borrowed shares kicks in we should expect the borrowing costs to spike like crazy. It is the end, effectively, and will trigger squeezes everywhere. They pulled the first draft, probably becasuse the timing isn't right. Anxiously awaiting the re-release of 005 and the implementation timing. Aren't we all! + +**Disposing of the Evidence** + +When these expire, they're gone. Wiped off the books. Of course they are, these puts are worthless after all. Never intended to be exercised. + +~~HELP! If anyone has the options data from Jan 15th and Mar 16th, would like to see how many more of these puts expired on those dates. i.e. How much were they using this before GME went all baby-squeeze January 28th?~~ Edit: Got the data, stay tuned! Thanks to Full_Option_6067 for the info! There are more shorts! + +The advantage of picking options expiries with each quarter is that you get super-cost efficient strikes at like $0.50 but the big disadvantage is that the open interest SITS out there for months on end, waiting for some smooth-brained apes to figure out what it means. + +When are they going to end the Married-Put shanannigans? Who knows. + +**Total Conjecture** + +Why was 005 delayed? Officially, for "reformatting". Tin-foil hat time: After posting it they found out this loophole for legally naked shorting stocks is in widespread use by every Hedgie and on hundreds of other distressed stocks. It's not just AMC and GME. If they nerf it we could be looking at a crack-up boom in the market and dozens of bankrupt hedges. Why a crack-up boom?? I'll give you a few million reasons: [Because every FTD is a naked short](https://wherearetheshares.com). + +**The Great Halvening** + +[Never forget this happened](https://www.reddit.com/user/RubinoffButtChug69/comments/lfdcv1/fintel_changed_their_short_volume_data_after_my/?context=3) + +I saw the Great Halvening happen with my own eyes, so I've just been multiplying all their SI numbers by 2 to figure out the in-adjusted SI. Where they hid the rest of the original '140%' short of GameStop ... remains a mystery. + +**Sources** + +[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) + +[DTC-005 Analysis](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + +[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[Yahoo Finance](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +[Stonk Tracker](https://gme.crazyawesomecompany.com) + +**Edit:** As requested 🚀🚀🚀 +I don't know where to start. After going through lot of your posts, I feel like im nowhere near I should be. Most of you seem to have jobs that pay lot of money, im happy for you because you worked for it but the point is, im being paid minimal wage since I do not have any diploma/post high school education and I am not interested by those since no job really fits me in university. + +So what should I do? Continue to work at minimum wage for the rest of my life? This doesnt seem so fun either... + +Also, some of you have side jobs/hustles, what are they(I would like ideas). I am a really hardworking guy but I feel like nothing really fits me... Have you guys started a business? Invested in stocks? Real estate? Please help me make a plan to reach a better quality of life and FI/RE someday. Who knows what can happen? +https://www.cnbc.com/2019/05/30/barclays-says-tesla-is-stalling-as-a-niche-automaker.html + +Barclays slashed its price target on Tesla to $150 from $192. + +“Model 3 demand is stagnating in the US, the company still doesn’t have a path to significant auto profitability and solar storage installations have declined sequentially over the past two quarters,” analyst Brian Johnson said. +Alright so this is biggie’s song about selling crack applied to trading crypto. Happy to make edits if you comment better interpretations. + + + +Rule Number Uno “never let no one know how much dough you hold” +-Never share your holdings + +Number 2 “never let 'em know your next move” +-When buying alts, don’t shill unit it’s purchased + +Number 3, “never trust no-bo-dy” +-DYOR + +Number 4, “Never get high on your own supply” +-Don’t get greedy, stick to your strategy. + +Number 5, “never sell no crack where you rest at” +-Don’t sell your crypto to your friends. Make them do the work to get it themselves. + +Number 6, “that goddamn credit? Dead it” +-Only buy what you can afford + +7, “Keep your family and business completely separated. Money and blood don't mix” +-Don’t tell your family to get into crypto, they likely cannot take the major swings and will blame you when it goes wrong. + + +Number 8, “never keep no weight on you!” +-Don’t keep your holdings on centralized exchange. Cold wallet is safest. + + +Number 9 “If you ain't gettin' bagged stay the fuck from police” +-Don’t listen to YouTube scammers / Elon Musk / the person who’s name rhymes with “fax collector” + + +Number 10, “If you ain't got the clientele, say "hell no!"” +-Don’t invest in low trade volume alts + + +BONUS: outro +“Follow these rules you'll have mad bread to break upIf not, 24 years on the wake upSlug hit your temple” +Follow these rules and you’re have all of the lambos. Don’t and your holdings will get wrecked. + + +Edit 1: thanks for all the upvotes and awards!! Didn’t expect that! Also changed number 9 from “max tan” to “fax collector”. Hopefully more obvious now + +Edit 2: Edit 2: added BONUS as recommended by @sledrunner31 + +Also disclaimer: this is advice on how to sell and distribute illicit narcotics, not financial advise. +does anyone here actually have a plan to sell at some point? + +models like s2f which if followed to their conclusion will have bitcoin worth more than all the real estate in the world in not too long a time. There is absolutely no way this will or can happen, the utlity value of real estate is always gonna be worth more than something like bitcoin. so there is no way this model or similar models can be accurate. + +ok lets say bitcoin completely replaces the entire banking system and gold (which it wont replace either ever, but for arguments sake lets say it 100% replaces them)..... im gonna round up that value to $20 trillion. + +which rounding up again is 1 million USD per bitcoin. is that the kind of number everyone here is waiting for? + +i have purchased bitcoin 3 times starting in 2013 and sold out completely 3 times. my last purchase was earlier this year at approx $6 XXX + +the most worrything thing to look at if you are long is how many wallets are worth more than 1 million USD vs say 6 months ago. the number is insanely larger, like 3x. at some point, there is going to be intense pressure for these millionaires to cash in. you can live in a brand new house your bitcoin buys and pass that on to your family for generations, you cannot live in your bitcoin. + +does the sell pressure happen at 30k? or 250k? i dont know.... im all ears on that one. +I know there is a weekly portfolio thread but this didn't seem like it fit in with the other posts there. If it should be posted there instead let me know + +&#x200B; + +I'm a recent graduate and decided I want to get my finances in order from the start of my career. So far I've invested through Vanguard as many people suggested this. I don't really know what I'm doing at the minute so am mostly just following advice I see here. My aim is to invest long term so that I can live without worry of money issues in my older years or, if possible, retire early and start a small business. Although due to my age (24) I am willing to take higher risks along with safer long term options. + +&#x200B; + +Any advice on what I should do in the future would be really useful. Thanks! + +&#x200B; + +Portfolio: + +S&P 500 UCITS ETF (VUSA) - £510.16 + +FTSE Developed World ex-U.K. Equity Index Fund - Accumulation - £130.50 + +LifeStrategy 100% Equity Fund - Accumulation - £245.06 + +Cryptocurrency (65% BTC, 28% ETH, rest in LTC and XRP) - £100ish +Quick question, I am trying to find the full holdings for a couple of ETFs (RUSG, VWRP, VFEM). Usually, for most ETFs the holdings list can be downloaded from the ETF 'owners' website, but for these three they don't seem to be on the website (or in the one instance where they are - you can only see 10 at a time). + + +Does anyone know of any websites which show the full listings for any ETF? +Thanks to everyone who’s replied already you’ve all been so helpful I feel so welcomed :) + +I’m 19 and have a few thousand that I’d like to invest. I’m a uni student and I’m not trying to “beat the market” or whatever it’s called by buying and selling loads of stocks and shares as they go up and down. Basically I want to put together a relatively safe portfolio and leave it for at least 5 years for when I’ll need it more in the future. I’m not sure if this is what most people mean when they talk about investing on here as most people seem to be buying and selling daily or at least weekly and it makes me doubt my plan to just invest in some stocks/funds/bonds/etfs/whatever (I’m still researching into each of these and working out which ratio works for me and my risk level) and if it’s possible/a good idea to just invest and then leave it for years without too much interference. +So I guess my first question is: is this risky and naive to just invest and assume it will grow without any interference (of course I’m aware it could shrink in value too and that’s the risk of the stock market but my understanding is in the long term the chances of growth are higher). +And my second question is the medium through which I should do this. I see a lot of people talking about t212 and degiro and apps like that but my understanding is that’s mainly for people who want to be very active in their buying and selling? I’ve also seen people talking about companies like HL which seem more sturdy to me like idk it seems bigger and more trustworthy idk if that’s a correct assumption to make. I never hear of anyone investing through banks but I’ve seen that my bank offer investment services so I can invest through them so I guess I’m also wondering why I never see anyone doing that. I guess the best way depends on the fees and whether they charge for just using the platform or per trade because obviously I don’t plan on doing much/any trading (unless this is something I’m completely mistaken about) so I think a platform that charges per trade would work better for me? + +Any help/advice on any of these points would be much appreciated! + +Ps I’m new to Reddit and don’t fully understand all the rules so if I’ve posted this to the wrong place or should ask somewhere else just let me know and please don’t downvote me :) +Looking to open an account with them and I am wondering if existing users can help me with some info: + +* From sovereign jurisdiction perspective, is an IB UK account physically located in UK or in US? +* When a client does a wire transfer to the IB UK account, is the destination bank account physically located in UK / EU? Do they support SEPA transfers? +* Does IB UK accept EU clients? +* What kind of investor / capital protection / insurance is provided for a such account + +Any other feedback is welcomed. Thanks. +Would the price of bonds go up? Is this where you would put your investment? LS20? + +Is there anything on the Vanguard platform that would go up in value if the market did crash? + +Thanks for your advice. +What stocks (preferably UK) are you down on the most but still think will rebound somewhat close to what they were before march? + +Preferably a stock you've continued to double down on and have accumulated £100+ into. + +e.g. Lloyds £300 (-19%) +I have recently opened my first Stocks and Shares ISA with Vanguard and invested £1000 into their VUSA ETF (S&P 500 UCITS) with the intention of drip feeding £500 a month going forwards. + +I understand that the fees are minimal on this, however, I now understand that the Trading 212 platform do not charge any platform or commission fees. + +Is there any reason I should stay with the Vanguard platform or should I take steps to transfer this Stocks & Shares ISA over to Trading 212? + +Appreciate any advice. +With the rise of electric vehicles, the combustion engine may become a thing of the past. This process is only catalysed by the UK’s ambitious target to only sell electric cars by 2030. Only yesterday, Jaguar said all their cars sold by 2025 will be electric. These long term changes along with the lockdowns and the public’s ever evolving work habits has crippled last year’s revenue for oil giants like BP and Shell. + +Nevertheless, I, and many experts far more knowledgeable then I, believe that in the early half of the decade for oil will make a comeback. It’s an industry that’s been badly effected by the lockdowns but with Brent Crude having held at $60 a barrel suggests that when the lockdowns are eased the share price will bounce with revenue. + +In the medium long term, even if the government’s ambitious target is reached, and the huge necessary infrastructure put it place, it doesn’t mean the millions of combustion engines on the streets are going to just disappear. Yes in 2030 the demand for oil will start to diminish but it’s likely the rest of the developing world will still be exponentially using the combustion engine for a while. + + +(BP at 283, highest while in lockdown was 362. Before lockdown 480) +Hi + +New to vanguard. I've invested in their LS100 and was wondering what time they update their prices for their LS funds as well as their ETFs? It seems my value of my portfolio has stayed the same since Friday, but as it's the end of Monday now I was wondering what time they tend to update this? +Hi + +I hold Vanguard LifeStrategy 80% Equity A Inc and wondering should I be thinking of selling them after an X amount of years of or is it safe to just keep a hold of them indefinitely and keep collecting the income? + +&#x200B; + +I've read things like certain funds ...should be held for 5 years or more... and .... they're a long term investment... but never hear anyone say it gets risky after x amount of year. +I found these guys [Freetrade!](https://freetrade.io) which seems the UK Robinhood. Do you think it might be Robinhood under a new brand? +Any thoughts? +Hi guys! + +We plan on moving house in about 5 years, moving up in area and size so will prob be about a 150-200k mortgage for the price difference (currently mortgage free). Can save approx 500 a month. + +Do you think I should be putting that 500 into an index fund (could be something heavy in bonds like lifestrategy) or into a standard savings account? +Anyone currently holding/following BOO: Opinions on the depth of this scandal and what's next for them? + +Now revealed very close links between co-founder and 'sweatshop' owner as well as largest shareholder dumping majority of shares. +With the rise of electric vehicles, the combustion engine may become a thing of the past. This process is only catalysed by the UK’s ambitious target to only sell electric cars by 2030. Only yesterday, Jaguar said all their cars sold by 2025 will be electric. These long term changes along with the lockdowns and the public’s ever evolving work habits has crippled last year’s revenue for oil giants like BP and Shell. + +Nevertheless, I, and many experts far more knowledgeable then I, believe that in the early half of the decade for oil will make a comeback. It’s an industry that’s been badly effected by the lockdowns but with Brent Crude having held at $60 a barrel suggests that when the lockdowns are eased the share price will bounce with revenue. + +In the medium long term, even if the government’s ambitious target is reached, and the huge necessary infrastructure put it place, it doesn’t mean the millions of combustion engines on the streets are going to just disappear. Yes in 2030 the demand for oil will start to diminish but it’s likely the rest of the developing world will still be exponentially using the combustion engine for a while. + + +(BP at 283, highest while in lockdown was 362. Before lockdown 480) +Hi guys, can someone please shed some light on the significant price drop in the past week? It can't be explained by the tax blunder which is already old news! + +I can't find any reasonable explanation by google search unfortunately. Would appreciate if someone could enlighten me! +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! +From what I have read, covered calls are a good way to generate income and lower cost basis. You are basically selling potential upside for upfront income. The only risk you have is that your shares get called away for lower than market price. + +I know options have a bad rep in UK as they are seen as gambling but I really wish brokers supported options, at least when it comes to basic things like selling covered calls. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +After seeing my latest fees deducted from HL, I've pulled the trigger on opening a Fidelity SIPP. Wanted to check if I've missed anything, feedback appreciated. + +* Currently invested in LGITI (Wrld ex UK), LG UK funds and LG US to approximate my personal weightings - thanks to HL discounts my average fund costs are 0.10%. +* Fidelity have a £45 cap on ETF positions, so if I invest everything in VWRL/VWRP and similar products I end up saving close to £400 on platform fees alone +* This is slightly offset by the VWRL bid/ask spread and higher OCF (0.22%), but I still end up saving money. +* Any other costs I need to consider? This will be a partial cash transfer of £100k, so need to be out of the market for a bit. + +One other thing is the consultation around minimum pension age - I'm not worried about 55-57, but if I keep my HL open and transfer back there, will the 55 age apply to the entire pot? +Hi there, + +So I recently started investing (start of 2020) and have a few thousand in a Vanguard LS80, which I am making small monthly contributions to. + +I'm 22, earning a solid stable wage and will be intending to hold and contribute to my vanguard funds for many years to come - probably 15+ years. + +However, I'm aware that the LS80 has a weighting towards the UK and as a result I'd like to diversify as much as possible. + +I'm thinking of investing in an additional fund through Vanguard, which will hopefully provide a bit more global diversification. I.e. the FTSE Global All Cap. +The idea is that I'll contribute on a monthly basis to each fund. + +Is this a sensible decision? Or would I be better off selling my LS80 altogether and going for a combination of Global All Cap and then something else too? + +Any thoughts or recommendations are welcome! What does your Vanguard portfolio look like? Thanks :) +My eldest son has asked if he can trade cryptocurrency. This is understandable given the recent press coverage, I’m sure he is exposed to what is happening with Dogecoin and obviously the GME / AMC headlines on YouTube and Discord. + +I’ve asked him to do some due diligence and come back to me in a week or so to tell me his thoughts. + +Ultimately, I don’t mind depositing a few quid (we’re talking <£100) into an account. I’m not concerned if he loses this amount. What I don’t want to do, is give him a login to an app or brokerage account that I think prevents creating a liability greater than the amount deposited but actually it turns out he can leverage the deposit and I wake up owing £5k after a 100x leverage. + +Is anything like this available? + +Edit 2: My eldest is 14 - I obviously don’t trust him to make decisions on life changing sums of money. I am happy however, to allow him to keep up with his peers and drop him £100 to ‘invest’. If it keeps him occupied and out of mischief, then that’s a win in my book. + +Edit: I appreciate this is similar to the question “What broker should I use”, but I don’t expect to find an answer to my question readily available on the web. That - and I suspect there’s a few people in a similar position that would benefit from a considered response. +https://uk.reuters.com/article/shell-costs/exclusive-shell-launches-major-cost-cutting-drive-to-prepare-for-energy-transition-idUKL8N2G43QC + +- Looking to slash 40% of the costs by end of 2020 (selling assets like refineries) + +- Looking to expand into renewables and low carbon fuels + +- Preparing for strong competition with BP and Eni + +So far shares are heavily down. +Given the FCA’s definition of Advice and Guidance, I am uncertain how eToro’s Copy Trade feature constitutes exclusively the latter. And, how it is not a form of unregulated discretionary investment management. + +I am not a financial services professional, a lawyer or hugely familiar with the FCA and how it operates. But as a layman looking at the definitions below taken from the FCA’s own website I don’t know how they’re pulling this one off. + +“Guidance is a much broader term and includes more general information about financial products. ... It will not include a specific course of action to you or give a personal recommendation about how you should invest.” + +https://www.fca.org.uk/consumers/understanding-advice-guidance-investments +I have recently opened my first Stocks and Shares ISA with Vanguard and invested £1000 into their VUSA ETF (S&P 500 UCITS) with the intention of drip feeding £500 a month going forwards. + +I understand that the fees are minimal on this, however, I now understand that the Trading 212 platform do not charge any platform or commission fees. + +Is there any reason I should stay with the Vanguard platform or should I take steps to transfer this Stocks & Shares ISA over to Trading 212? + +Appreciate any advice. +What is the best investing approach for low variance ? I’d be happy with a 2-3% return (or getting to inflationary protection after tax), but don’t want more than say a 5-10% downside and even that at worst case. Looking at an 18 month horizon. If it makes a difference we are talking about a decent wedge of investment (lets say £3-4m). + +Here is my “thinking” for what it is worth - please feel free to shoot it down. If I knew the answer I wouldn’t be asking :) + +Bond ETFs appear driven by interest rate variance and I \*think\* in the wrong way as my prime aim is to reduce inflationary erosion. + +Maybe a mix of equities (20% say) and an ETF of short dated bonds ? + +Would a “safe” short dated bond ETF be likely to be much better than the 0.35% offered by NS&I up to £2m. + +Perhaps divvy it up into some £85k parcels and look for FSCS protected 1yr accounts, some into NS&I and a portion into equities. + +Any better strategies?? + +This is a situation that I only expect to persist for a couple of years. After that I’ll be happy to stick in in all the normal equity ETFs at the risk/reward that provides.. + +Thanks + +Curiousinvest +Why do so many people rate Vanguard LifeStrategy products when they consistently underperform the index and have higher fees? + +https://preview.redd.it/bqp0vcy07pc41.jpg?width=1574&format=pjpg&auto=webp&s=f68f21ed887788f559b174ba471b1fc317f5306d +I've been watching a few "stonk experts" on youtube and a lot of them use resistance and support. Sometimes it's yesterday's high or yesterday's low or last weeks high or whatever. + +I've been trying it out myself on some "live" charts and 99% of the time the stock price just completely ignores the lines. + +It seems like the youtube stonk experts just go back in time and find nice coincidences when the stock price bounced off a resistance line. + +So is it just voodoo witch craft? Or am I doing it wrong? +I’m using HL stocks and shares isa and currently buying some funds to get me started. I understand HL has some really high fees when buying actual shares, would it be better to find another platform for investing in shares? + +For what use would you recommend HL? Is there a better option if I just want to stick some money into some tracker funds and forget about it for a while? + +Thanks +Hi there, + +So I recently started investing (start of 2020) and have a few thousand in a Vanguard LS80, which I am making small monthly contributions to. + +I'm 22, earning a solid stable wage and will be intending to hold and contribute to my vanguard funds for many years to come - probably 15+ years. + +However, I'm aware that the LS80 has a weighting towards the UK and as a result I'd like to diversify as much as possible. + +I'm thinking of investing in an additional fund through Vanguard, which will hopefully provide a bit more global diversification. I.e. the FTSE Global All Cap. +The idea is that I'll contribute on a monthly basis to each fund. + +Is this a sensible decision? Or would I be better off selling my LS80 altogether and going for a combination of Global All Cap and then something else too? + +Any thoughts or recommendations are welcome! What does your Vanguard portfolio look like? Thanks :) +If options are priced as per BSM, don’t their price already include expected profits/losses thus eliminating all arbitrage opportunity? How does one then expect to make money of options trading in the long run outside of speculating +Considering that news outlets have been awash with predictions of an upcoming market correction, what are some defensive strategies that we can take in order to avoid being margin called if and when that happens, especially since we can’t time the market? + +I’m not sure if this has been discussed before. If it has, could someone please post the link to that discussion? Thanks! +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. +Let's say you start the wheel by selling CSP's. You do that for a couple of weeks and manage to sell a few before you get assigned. Now, normally it would be fairly easy to calculate the cost basis if getting assigned on a single CSP, since it's the strike minus the premium. But if you have already sold multiple CSP's before getting assigned, they should theoretically be included to calculate true cost basis. Same when selling covered calls. + +It doesn't seem like the broker would keep track of this and it gets even more complicated when doing PMCC's over a longer period of time. + +Do you have a system for keeping track of this, or does your broker actually manage to take sold options into account when showing cost basis? Or is this simply not important to you as long as you are sure you are not making a loss? +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 never really was aware of this community until a few weeks ago. + +I am not a very unique FIRE candidate . . . M48, closing in on 4M NW, family one child, MCOL-HCOL location, hoping to FIRE soon with 120k pa. + +A week ago I struggled with a lot of questions - which quickly appeared to be quite typical. + +\- When should I make the leap? grind out 1 more year to boost and protect the nest egg? + +\- What is a realistic withdrawal rate these days? 3%? Less? + +\- Can I change my mental approach to the next few months / years of working or is that just lying to myself and postponing the biggest present I can give to myself - freedom? + +\- What will happen when I DO take the plunge? What to expect from the first months (for me and my family)? + +This community has really helped med see my options in new ways - as well as given me technical insights and understand the different financial-personal life-paths that are available to us and how they are intertwined. + +I wont mention all the insights and decision You guys helped form but they include: + +* Going into very focused planning-mode next 12 months rather than just "doing it tomorrow" or "grind out another year and see what happens" +* Obviously activating my way too large large cash position more / low cost ETF /index funds- but in a hold and leave strategy. Increase my investment knowledge but without day-trading or investigating individual shares. +* Be more conservative in my expected return and change my withdrawal rate to 2,75% even if it means moving the goal posts 12 months and being a little more frugal on post FIRE budgets - incl stress-testing them in real life over the next year +* Find 2 completely independent financial advisors +* Invite my wife to be part of the journey but be prepared that most of my friends will probably not be the best sparring partners on these issues - simply because talking about this stuff brings up all kinds of personal emotions and biases in people +* Investigate and try out a couple of the most efficient frugality hacks of our leanFIRE colleagues and enjoying the math in calculating how each month adds to the "freedom-machine" which is my nest -egg BUT still let my self splurge when it is important. Spoiling my self and others and remembering to be grateful for the relationships and options in my life. +* And most importantly - enjoying the choices and the journey regardless of the exact numbers. + +So I am truly grateful to the active posters and commenters in this community for taking the time to comment and share insights, strategies, goals, pains, doubts and victories... + +thanks guys - I am ready for strategizing, planning and getting my feet wet the next months - and specifically for my meetings with banks next week. Input from this forum made me ready in a way I just couldn't have been with the help of my accountant, wife, friends and financial advisors, each affected by their own bias and self-interest and without the experience-based croos-over points between strategy-choice-life-emotion that You guys have offered. + +THANK YOU .... and good luck on the journey for everybody here... fatcats, midwesteners, high net worth Bay Area Tech guys in their early 30s, people struggling with the grind or with loneliness, aspiring real estate moguls and everybody trying to work out goals, purpose, habits, freedom and just being in control of our own lives. +So having participated in many threads here in recent months, as well as other financial forums going back to before the 2008 crash, and having been at various points in my life a broke college student/graduate student, having net worth at my absolute lowest point somewhere in the neighborhood of -$155,000 (negative number), quickly digging myself out of debt, marrying into more debt and helping my wife pay her debt off, putting my wife through school and teaching her about investing even when she wasn't entirely on board but agreed to get started (and now is saving aggressively), these are some of the general principles I have learned: + + +1) No matter how much of your income you save every month, there is always someone on some message board who will claim to save more and say you aren't doing enough. You save 70%? Well someone else saves 80% and plans to save even more moving forward. It doesn't matter. Comparing yourself to people on this forum in this regard is just as futile as comparing your vehicle to people on the opposite end of the spectrum and wondering why they have a nicer car than you do. They might have more income, more debt, more help from family, an inheritance, a wealthy SO. So don't come here and ask "is saving 20% enough?" any more than you would ask the guy in the BMW 5 series, "is driving a 10 year old toyota enough?" + + +2) There is no shame in enjoying "things" on occasion, even if those "things" cost money. + + +3) Given #1 and #2, it is a worthwhile exercise to sit down and look at exactly how many hours you have to work to pay your fixed monthly expenses. Want a new car? Calculate exactly how many hours you have to work every month to pay for it. Ask yourself if the tradeoff is worth it. If the answer is "yes, it is worth it" don't fret about the fact that some person on a forum tells you it is an expense you should avoid, or how it might delay your retirement in 1-2 decades, or how you could buy a car for $5K and that would be plenty adequate and you should be happy because you have more than people do in third world countries. + + +4) When your entire goal is to stop working as soon as feasible, a negativity creeps in about the value of your work, and what it means to be employed and contribute in some way. I am not in any way rationalizing being in a terrible work environment. I fully recognize the work place can be malignant and unpleasant, depending on your supervisors and the culture of your job. I am just pointing out there is a certain value in doing something to feel like you are contributing to the world and helping others and trying to approach your job with a positive frame of mind. If you are a young person who is a decade or more away from retirement, and you are already approaching work with an attitude of, "I don't want to do this a day more than I have to", you would serve yourself well to find a new line of work or change your attitude/perspective just as much as you would by saving every penny available to get out as soon as possible. And sometimes treating yourself a little bit will make you feel better about your work, more so than watching your account balances go up with the goal being to "get out as soon as possible". If you are too extreme with saving a substantial portion of your earnings, your work immediately feels less rewarding because you are not seeing the fruits of your labor other than on paper, which leads me to #5.... + + +5) Reaching financial milestones is not as gratifying as you may imagine. I have met many of them, including paying off significant CC debt and student loans, building up retirement accounts, etc. I have yet to join the "two comma" net worth club but I am not far away. None of the financial milestones have been nearly as meaningful as I imagined they would be when I was younger and my net worth was a large negative number. The reason for this is I know how much I have sacrificed for each of them. When I reach the "two comma" net worth I suspect that day will be no different than any other day of my life thus far or any other milestone I have met. I thought the six figure net worth would be a big milestone for me. I felt no different than the day before. Same with 250K and 500K. You get there and there is no celebratory moment or major life change other than realizing you put a lot of things on hold to get there. It ain't all bad but it certainly isn't the way I imagined it when I was younger. + + +6) There is a wisdom in pursuing hobbies/outside interests that are inexpensive, but if there is something you feel you need or want to do it might be worth shelling out the money. I have never owned a boat but I would love to and could afford it, could have years ago. I sometimes wonder if I am putting off things that I won't enjoy as much when I am older, whenever I choose it is finally "the right time". You might even find yourself more motivated to work more to support a hobby that makes you happy, if the cheap or free ones don't quite do it for you. + + +What is my point? I am not sure I have one. I still to this day spend a lot of time on financial forums, here and elsewhere. I still spend a lot less than I earn, although I have loosened up a little recently. But I have noticed in forums such as these there is such an extreme point of view in some cases that doesn't sit well with me. It seems as if many are recommending what I would consider extreme measures which in some cases make people less happy. + + +There are people who go through life spending way too much money, more than they have, and they are miserable. There are also people who save every last penny and they are miserable too. Each may have their own regrets later in life. The best balance is somewhere in between and there are some extreme points of view in this forum, which may not always be the best way to proceed. + + +So, for 40 years or so we have been stuck in this low fat diet trend. We have been ignoring all other diet hazards so long as we eat low fat. + +Times are changing. The truth is coming out about sugar and carbs. + +There is more and more evidence coming out to show that fat isn't the enemy and never was. + +High fat low carb diet is growing popular. + +We aren't talking high fat as in McDs and KFC, but more avocadoes, nuts, olive oil, dairy, coconut oil etc etc.... + +People are eating this and shedding weight and getting really healthy. Their lab work is great. + +The cholesterol and saturated fat myth is being debunked. I believe we will see a radical change in nutritional guidelines in the future. + +I think there could be a huge investment opportuity here. + +What do you guys think? + + +Hello, + +I googled around much and I think I have understood it fine but I wanted to know if my understanding of this scheme is correct. + +For a loan of 30L over 20 years at 9% interest, referring numbers calculated from emi calculator dot net. you may use the same to see repayment schedule. I'm not allowed to put in links here it seems. + +If I opt for a loan of 30L under MaxGain and I put 30L (that I already have separately) in excess account, my interest liability be 0%. + +About clearing the loan, it says that the loan will get cleared as per the schedule only. As in, just because it's 0% interest liability, whole 26,992/- won't clear the principal. Instead it will only clear principal of 4,492/- and the interest component of EMI which is 22,500/- will get added to my excess account. Hence, after first EMI payment, my loan liability would be (30,00,000-4492 = 29,95,508) and my excess account balance will be 30,22,500 + +So now, can I immediately withdraw 26,992/- from my excess account? (I will use it elsewhere/do SIP/whatever). When I withdraw this amount, my excess balance would reduce to (30,22,500-26,992=29,95,508) which is equal to my loan outstanding. So still 0% interest for the next month. + +What will this gain? + +\- don't have to put all the 30L in house at once. What if I need it for emergency? + +\- 0% interest on entire home loan over the period of 20 years + +\- 26,992 SIP in index fund with moderate 12% return for 20 years will be 2,69,69,001 (with 64,78,080 as investment) (without inflation adjustment) + +\- house would have appreciated at whatever rate. save rent while living in there. + +It'd be great if you could point out any flaws in the numbers or something that I have missed. Overall seems like a good plan to me to invest some lumpsum amount. + +Thank you. +REITs are sort of common in other countries like US and Canada. Probably some European countries too. + +Part of the reason they are in demand there is because most of the times the rental income of the holdings is more than the interest rates of a savings account. However in our country the interest rates from banks are in the range of 7-8%. And most of the times the returns from rental income is usually lower than this. + +Now I would imagine that most of the payouts will be through dividends from the profits, that will be derived from the rents minus the REIT management charges. + + Since these will likely already be lower than the bank interest rates, will these REIT instruments be able to deliver more than say an FD? + +Realistically what kind of returns would these REIT deliver(any estimates?) ? +I have a few arguments that it is an investment. + +1. I aquire the asset which I can pay EMI using my HRA, which anyway goes waste when I stay in quarters or pay rent. + +2. Value of the asset if purchased very near to city increases in value if not above inflation, at least hedges against it. + +3. Even if I stay somewhere else, someone most likely will come for rent. It won't be the case that no one will come for years together. + +I have seen it here in the sub that it is not an financial investment, rather an emotional one. I'd like to understand comprehensively why/why not it is an investment. At least, when is it an investment, when is it not. +I get 1-2 calls a week from traders in Indore with names like"Money Maker Company", "Equicom Research" etc. I have never lived in Indore, or done trading with anyone from there. + +Has anyone else received such calls? + +They started in particular after I opened an account with Zerodha. It might be a coincidence, but it is a very concerning one. +I almost drained my savings because of some expenses i did last few months.(around 50k apart from living expenses) + +My CTC went up from 4L pa to 5L pa. 10% of monthly payment is variable pay. Note that this promotion and hike was unexpected as i am one the youngest in the company to get this hike to JL4. I had planned for 12% ish hike which will go into increase in rent etc etc. + +I have 6500rs in education loan each month and 4519rs in vehicle loan each month(this ends in Dec 17). + + +Apart from loan EMIs, my monthly expenses total to about 15k. + +Help me plan an bring back my savings. +https://www.livemint.com/Money/Degw7xq8PHo8xQU7LKIJ3M/best-health-insurance-policy-health-insurance-premium.html + +What is your take on it? I have been paying premium for MaxBupa Heartbeat Silver policy for my parents for 3 years now. Should I switch? +I'm talking specifically about losing money. I was just thinking about this today. I gotta be the only retard to lose money on tesla(ok not really but in my head I am)..I lost 800 bucks on it because I sold too early before they got added to s&p. 800 bucks...in any other scenario of losing that much money, lets say someone came up to me and scammed me, I woild be sweating bullets, damn near ready to kill them. But I lost that much money on tesla and I was like "that sucks, oh well". + +Literally that was the most of my reaction. There have been times I got 500 bucks and go "meh, nice." Or "damn, I cant believe that's all I got". As if thats not a lot of money to a lot of ppl. + + +Its an interesting psychological thing to me how this thing that really defines our life is just so casually treated simply because we are "investing". + +Shit is crazy to me. Whats more crazy is how quickly you get used to the losing and gaining. +After years of working a slew of 9-5 type jobs for companies that didn't give a shit about me, treated me like shit, and struggling to stay afloat, I took a leap of faith last November and started my own cleaning company. I promised myself that I would do whatever I had to to stay out of the toxic environment that is so common in the workplace and prioritize myself. + + +Started out with 2 clients, I was only working a few days a month and needless to say we were struggling more than ever. I was tempted more than a couple times to break my promise to myself and just go out and get another job just to make it easier on us. If it wasn't for my SO encouraging me and reminding me that I'm working towards something great, I know I would have caved. Its one thing to struggle when you have no other option, but in this situation I was fully responsible for why we were eating Ramen in order have gas money till next payday, and it ate me up. + + +Well, It finally happened! + + +In the past 2 weeks I've acquired 4 new contracts for vacation homes in a very expensive neighborhood, and as of right now my schedule is pretty much full for the rest of the summer. I'll be making no less than $25/hr with a $100 minimum. + + + +I feel as if this sub will appreciate the burden that has been lifted after so many years of struggling. I went grocery shopping yesterday and instead of dealing with the strict budgeting (still have a budget, just not as tight) that used to make even thinking about a trip to the store stressful, I just got what we needed and left. It was one of the most liberating experiences. +I found myself [accidentally FIRE'ing](https://www.reddit.com/r/financialindependence/comments/m3katf/i_think_i_just_fired/) in my mid 50s after my (previously very good) work situation deteriorated. I've become aware that involuntary retirement, or being forced into worse job fit or less pay, [is quite common](https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement) (TLDR: More than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible). In my case, being at the tail end of a FIRE trajectory provided a cushion that protected me from a potentially unpleasant scramble. + +Are some of you using FIRE planning as a hedge against involuntary job downturns? It seems this might well be an important selling point for the approach, even for those who love their jobs and want to keep at them for a long time. +Annuity rates (single life, no escalation) recently hit 7.6% (source below)!! + +You heard me right! 7.6% absolutely guaranteed, for the rest of your life! + +Perhaps I'm misunderstanding something, but that seems absolutely incredible. Like - close'ish to the average rise of the stock market, with no rollercoaster ride of emotions/risk (as with income drawdown) AT ALL! + +I mean, for years I've had hard-coded into my brain .. 'Annuity=really bad, only for people who for some reason need to know EXACTLY what they'll get, drawdown good, loads more dosh, for anyone with any acceptance of risk at all''. + + +Now my beliefs are being turned on their head! For 7.6% or higher - am I misunderstanding something, or are annuitys back on the menu even for risk-takers like me? + +Source: https://www.sharingpensions.co.uk/annuity-rates-chart-latest.htm +Something that's crossed my mind is weighing up which option would be better between: + +1) Buying a house with 4 bedrooms whereby I'd have one room to myself and I'd rent out the other rooms for additional income/to help pay off the mortgage. + +Vs + +2) Buy a smaller house just for myself eg 2 bedrooms and use the capital I've saved to get a second house I don't live in but rent out the rooms (eg also a 2 bed property). + +Which would make more financial sense and any upsides or downsides of either? +NFLX has a market cap of 78 billion. NFLX did 243m in net income last year. NFLX trades at a billion times earnings, the valuation on this company is ridiculous. I love Netflix, it's a great product. No way in hell is the company worth 78b. NFLX did 8.83b in revenue last year with a sub count of 94m. So everyone of those 94m subs contributes about $94 to revenue. Todd Juenger is a super bullish analyst from Bernstein who says subs could hit 300m in 2030. Even if this is true, 300m subs = 28-29b in revenue. Let's be nice to NFLX and assume they can squeeze a little more money out of their sub base and let's push the revenue contribution per sub number from $94 each to $110 each puts us at revenue around 33b. Net Income/Sales for NFLX is 4%ish, NFLX will get better at controlling costs as it matures as a business, I don't doubt this at all so let's say in 13 years the company manages to get to NI/Sales of around 12%. 33b in revenue, NI/Sales of 12% = 3.96b in net income. Market cap today is 78b, and NFLX "might" be able to hit 4b in NI in 13 years. So if the stock doesn't go up 1 penny from now until 2030 it'll be trading at a P/E of 19. Which is a pretty reasonable P/E ratio for a mature company, but the stock has to do nothing for the next 13 years to get there. This company needs to hit a NI/Sales of 40% one day to justify it's valuation. The only way you can buy this stock is if you think NFLX can triple it's subscriber base while keeping costs completely flat for the next 13 years. That doesn't seem likely. + +Also just for fun, assuming the stock averages 8% annualized over the next 13 years that puts it at a market cap of over 200b. 50x earnings makes no sense for a mature company, which is what NFLX will be in 13 years. + +TL;DR - Long term NFLX doesn't justify it's current valuation +I recently got an offer for a financial analyst II position with a fortune 500 co. Company has between 75-95B market cap and is in the tech sector. Starting salary is between 60-65k base - not including incentives. + +My background: BBA Accounting and CPA eligible, though I haven't started testing yet. I have four years in industry and great work references. I am solid with GAAP. Frankly, with my shitty GPA (we're talking 2.55 from a small university) I am shocked I even got an interview much less an offer. + +My question is this, I am not exactly sure what the day-to-day would really include. According to the job responsibilities, the position consists of forecasting (never done it), budgeting (never done it), tracking rev/exp (experienced), perform economic research (never done it). Can anyone provide me with some insight as to what an FA II normally does in industry? +First tweet : 10am + +Second tweet : 1pm (3 Hour Gap) + +Third tweet : 3pm (2 Hour Gap) + + +If he tweets again at 4pm that will be a 1 hour gap from the previous tweet resulting in gaps of.... + + +3.....2......1. + +If we get a 4:00pm ET tweet, he came back to give us a countdown. + +Message : Received + +Tits : Jacked + +Hedgies : Fkd + +Dates : None + +Dancing : Illegal + +🚀 : 🌛 +Would it be possible to budget to live in a van on just $10k per year? I’ve nearly paid off my ppor and have figured the income I would get from renting it works out to about $10k per year. Disastrous if it’s not rented yes. But could you live a very bare bones life on $10k per year? +Hi all new to the sub pretty desperate for words of advice. + +my GF and I bought our dream house last week everything went well with the mortgage advisor got the offer in principle easy enough made the offer all accepted happy happy times a great start to the new year, on Friday we got the call saying the mortgage was rejected on affordability and needed a letter from my GF boss to explain a payment on her wage slip. + +This is where it gets a little complicated so I’ll try and explain as a best as I can. + +My GF is cabin crew and currently 16 weeks pregnant, she’s not allowed to fly whilst pregnant so they put her on ground duties (office work) unfortunately on her wage slip they now split her wage into 2 categories, basic pay and grounded maternity pay, this is what’s caused the problem, the lender is wanting a letter to say that the grounded maternity pay aspect is guarenteed over the course of maternity, it isn’t, its only guarenteed for the duration of her working during her pregnancy so when she goes off on maternity this payment will cease and standard maternity pay begins. + +(Annoying as any other women in any other walk of life would not have any changes to wage slips to suggest pregnancy and be working as normal up until she has decided to take her leave.) + +we have had a letter from her boss which states “the employee is currently on grounded duties and the grounded maternity pay is guarenteed for the duration of her grounded maternity” which is fine the company can’t suggest it lasts the whole term when it doesn’t I totally get that, however my advisor isn’t confident of it being good enough for the lender and we’ve been left stewing on this all weekend. + +Is there anything we can do here? I was thinking about asking to extend the term from 25yrs to 30yrs hopefully bring the monthly payments down and then overpaying to the amount I’ve agreed to pay now making it a little better for re-mortgaging in 2 years? + +I’m pretty desperate I feel if this house falls through that will be us stuck where we are until after the baby arrives and my GF returns to work so any help would be greatly appreciated if anymore info is required please let me know. + +Thanks. + +EDIT: mortgage all agreed this morning, a further letter was required confirming all payments seen on my GF’s wage slip where guarenteed until maternity leave kicked in and confirmation of her returning to work on the same hours and rate of pay. + +Thank you to everyone for there help here very much appreciated. +Apologies if this is seen as too-elementary here but am hoping to get to the bottom of this! I'd always assumed that campaign spending, and election results, would naturally be correlated - then I read a chapter of Freakonomics and was convinced that's not so much the case...but have recently begun listening to Chomsky and he's mentioned several times that I've seen how related they are. + +Since I'm unable to figure this out I figured it'd be something you guys could answer for me! + +(and as a side-note that people here may relate with - I majored in economics at uni and, after listening to several interviews w/ Chomsky it's really crystallized just how narrow an interpretation of Economics was taught at my university...maybe that's not universal but there's a chasm between what I'd studied and what the real-world socio-economic paradigms we live in are) +How much does one need to read to go in front of state congress or federal congress with a strong/worthwhile argument for change? Through some Introduction to Microeconomics/Macroeconomics textbooks? Intermediate Micro/Macro? Graduate level texts? What about other things like Game Theory or Econometrics? Some sort of pathway would be much appreciated :) +A flat land tax (not property tax) seems to be highly regarded by economists, afaik. I'm wondering if at least some see taxing farmland as too big of a burden. +There’s been a lot of news and comparisons lately about the US and other first world countries. Let’s take Norway in particular, which (arguably) has a better standard of living, education, and overall happiness level, but much higher taxes. + +I’ve seen time and time again people say that you can’t compare countries like Norway or Germany to the US because the US is many many times the size (geographically and population-wise) and so demographically diverse. Norway is mostly white, has lot of natural resources, and is small. The argument I’ve seen is that there’s no way we could ever have the same standard of living in the US (politics aside) that Norway does because of its size and homogeniety. + +Frankly, that argument doesn’t seem to hold for me. I’m wondering if there’s an actual economic reason why this might be true. It might be easier to sway things politically if your population is homogenous, but that’s not a proof; it’s an excuse for why the US is the way it is today, IMO. I’d like economic reasoning why a system as one in Norway couldn’t reap the same outcomes in the US. + +Thanks in advance! +I haven't done much research into the intricacies of the UBI and am a novice, so forgive me for any basic misunderstandings of Economics. + +I have a simple question: is it wasteful to give the same amount of money to every single person under a UBI? Intuitively it seems a bit wasteful to give people earning six figures another couple thousand to spend however they see fit. Is there not another way to distribute more of that money to lower earners? Would doing that essentially be a Negative Income Tax? +Oakland, California has a measure that would introduce a progressive tax on businesses based on their gross sales. You can read more about it here: [https://www.sfchronicle.com/eastbay/article/Progressive-business-tax-plans-gain-steam-in-17049749.php](https://www.sfchronicle.com/eastbay/article/Progressive-business-tax-plans-gain-steam-in-17049749.php). + +The argument in favor is that it would drop the tax rate for the vast majority of (SME) businesses while increasing the income for the city. The counter-argument is that it would encourage large companies to flee the city, which is less a condemnation of progressive taxes but about piece-meal implementation of a progressive tax system. + +What do economists say about progressive business taxes in general? +Hi! + +I have no idea about economics at all, so I'm probably gonna say some really stupid stuff here. Please be gentle. + +Automation and its effects on jobs is something that keeps popping up a lot in the news and in discussions. And whenever I hear about it, I keep asking myself a question which I can't really find an answer for. + +My (most likely silly) thought process is this: Automation thanks to technological advances means that some jobs will be a thing of the past. As technology advances, more jobs will be made obsolete. Less jobs means less opportunities for people to earn money, which means more poverty. If this is taken to its extreme and everything becomes automated, there are no more jobs, everyone is starving and homeless and miserable, while that hypothetical fully automated world provides enough resources and services for everyone. + +My question is, where is the flaw in my thinking there? Will there always be job opportunities for people to earn money, no matter the degree to which things are automated? Will the amount of these always be high enough that all of humanity can earn money? If not, wouldn't the concept of money and jobs in and of itself be at risk and require an alternative system? Do economies already account for automation and its effects? And if so, how? +There’s been a lot of news and comparisons lately about the US and other first world countries. Let’s take Norway in particular, which (arguably) has a better standard of living, education, and overall happiness level, but much higher taxes. + +I’ve seen time and time again people say that you can’t compare countries like Norway or Germany to the US because the US is many many times the size (geographically and population-wise) and so demographically diverse. Norway is mostly white, has lot of natural resources, and is small. The argument I’ve seen is that there’s no way we could ever have the same standard of living in the US (politics aside) that Norway does because of its size and homogeniety. + +Frankly, that argument doesn’t seem to hold for me. I’m wondering if there’s an actual economic reason why this might be true. It might be easier to sway things politically if your population is homogenous, but that’s not a proof; it’s an excuse for why the US is the way it is today, IMO. I’d like economic reasoning why a system as one in Norway couldn’t reap the same outcomes in the US. + +Thanks in advance! +To my understanding the main way countries devalue their currency is through interest rates however China have a higher interest rate than the USA so I don’t understand how they would be devaluing their currency through that +In his book, Progress and Poverty, specifically Book 6 chapter 1, Henry George says “That no general advance in wages can be secured by combination; that any advance in particular wages thus secured must reduce other wages or the profits of capital, or both - are ideas that spring from the erroneous notion that wages are drawn from capital.” + +I take this to mean, given the large context, that capital and labor aren’t actually at odds and that it is rent paid to land that is really what keeps both wages and profits down. Most of the book is underpinned by the notion that rent on land suppresses wages (I think he means total income by that) and that capital and wages are both a victim to land rent. Doesn’t this go against the notion that labor is a cost of business and therefore always something that capital owners will try to reduce? +I recently saw this graph: +https://www.eia.gov/energyexplained/us-energy-facts/images/consumption-by-source-and-sector.pdf + +If you consider a product like an electric vehicle, why wouldn’t a carbon tax increase the cost of an EV relative to an internal combustion powered vehicle? + +To illustrate an example, imagine that all of the energy inputs for an electric vehicle and a comparable IC vehicle originate from the United States. The base price of the EV is significantly higher than the combustion vehicle. If the inputs have the same component distribution as the industrial sector shown in that graph, wouldn’t both vehicles increase in price similarly? + +Of course, the EV can charge on the grid while the combustion vehicle requires fuel. But, according to that graph, Residential electricity is also mostly powered by fossil fuels. + +It’s not clear to me that applying a carbon tax actually switches the economy to use more renewable energy. It seems possible that a carbon tax would actually phase out renewable energy and make fossil fuel extraction more efficient. Would be interested to see high quality research on this topic. +So from the 101 perspective, QE 1,2 , n , ... combined represented a large increase in the money supply which should have triggered high inflation but as we now know it hasn't. + +I don't claim to be an expert but I've heard several theories, as to why, most coming down to that the money supply increased, but the amount of money circulating in the economy hasn't increased correspondingly and therefore the monetary stimulus never translated to inflation (as people have pointed out below, velocity decreased at the same time supply was increasing). + +Assuming what I've written so far is broadly on track, my question is: is it possible that this increase in the money supply NEVER translates to inflation or is it essentially guaranteed eventually but we don't know the time frame? + +If it's possible for a large increase in money supply to never trigger corresponding inflation, what is the mechanism for this? Is the assumption that the excess money eventually gets sucked back out by the fed selling assets? Is it just that the money could hypothetically sit as reserves or hoards forever? Something totally different? + +Should Americans be expecting higher levels of inflation at some point in the future? + +edit: here is a chart I am basing some money supply change assumptions on : https://tradingeconomics.com/united-states/money-supply-m1 +Hayek says: “One cause, he said, was increases in the money supply by the central bank. Such increases, he argued in Prices and Production, would drive down interest rates, making credit artificially cheap. Businessmen would then make capital investments that they would not have made had they understood that they were getting a distorted price signal from the credit market.” +My question is: what would exactly be the distorted price signal that businessmen would get in this case? What would be the inaccurate information that they would receive through this distorted price signal? +I've always heard on the media that a negative population growth is bad for a country.To me it sounds very counter-intuitive, as the less people, the bigger their singular chunks of the country's wealth, and the less unsustainable the exploitation of natural resources becomes. + +Since first world countries accept immigrants in order to counter-balance this trend, I'm led to say this problem is real. + +My bet is that in order to pay today's debt, contracted by X millions of people, it's easier if more than X people are going to work about it, while it's harder if less than X people are. + +But that still doesn't sound right. First of all, if the national debt over the GDP is under 100&#37;, that should mean the economy is sustainable, shouldn't it? So if the population decreases, as long as the debt stays below 100&#37;, why would it be a concern? + +Also, this sounds like the receipt for a bubble: new births and immigration are constantly stimulated while it's pretty reasonable to assume that the resources to sustain a population are limited, even if you count scientific development.The countries themselves don't even invest on these new births or immigrants, not more than what they expect in return by these new people for their work. I'm saying, it looks like the countries play hot potato with families and immigrants. + +Has no economist come up with an acceptable approach to this? Or is it too early to even bother when you can take in immigrants? +I’m looking specifically at Chicago, Austrian, classic and Keynesian and all I can really find is ideological differences, is they any good resources that goes in depth to each one and do the different schools of thought have different graphs such as the macroeconomic gdp and price graph where they is a curve and then more demand would be just inflation or different views on policies etc? Thanks +A billionaire must spend their personal money slower than a regular individual I would think. I think this would also influence the supply side of currency and the general economy. +More so, will the global economy be stable enough so that in 56 years (probably more as pension age keeps increasing) my built up pension will be worth anything? Wouldnt it be more viable to invest now, instead of relying on things staying stable (which the Coronavirus has already proved wont happen)? +Any reading recommendations are appreciated as well. + +This effort was started on the point that quantitative easing could then be given out directly to the people instead of a private bank(s). +Here in Bangladesh there is a limit to how much money you can take out of the country. You can take out 5000 BDT and a certain limit of USD out of the country. + +For individuals there are three ways: + +* Tourist Quota: they are given a maximum quota of 5000 USD for SAARC countries and Myanmar and 7000 USD for the rest of the world in a given year. + +* Student File: money can be sent abroad for higher education but the money has to be sent to the university through the Central Bank channel and accurate cost of living and tuition documents need to be provided so that more than necessary money is not sent. + +* Medical Treatment: The third avenue is for medical treatment, where you need to take permission from Bangladesh Bank, and only upon their provided approval and limit can you send this money abroad. + +There is ABSOLUTELY no other way for individuals to send money abroad. People can bring in any amount of foreign money in the form of remittances but there is no way to send money abroad. Not only that once you bring foreign money in Bangladesh and invest it somewhere you cannot transfer it outwards again. Only if you have a Resident Foreign Currency Deposit account can you keep the money you brought with you from abroad in an account and then take it back with you. + +For Businesses: + +* Letter of Credit: Has to be opened for business purposes upon prior approval of limit. + +* Travel Agents: Are allowed to send money abroad for tourism purposes. + + +Now, all these restrictions are highly supported by the majority of the people and there is wide political consensus over it. Even academics, bankers and intellectuals are all for it. + +My questions are: + +* How many countries in the world have such money outflow controls? + +* Do developed countries have such controls? + +* Is this money outflow controls even moral? Why or why not? + +* Is there a ranking of all the countries in the world by the freedom of their currency/money controls? Something like the easeofdoingbusiness index? + + +While measuring inflation appears very complex, waiting a month over and over to see what is happening feels like a sub-optimal way to get data to be used to try to control inflation. I'm sure the FED doesn't just seek data on the next to last day of the month, but instead is getting new data all the time. Why could they not be updating the inflation picture in real time, as they get data? The way they are working now is much like trying to drive a car while given a peek out the windshield every five minutes. + +As a corollary thought, were the FED to have real time data on inflation, they could micromanage rates rather than waiting a month and then having to jump rates in an attempt to catch up to inflation. If inflation jumps a tiny bit Tuesday then lift rates a tiny bit immediately. I assume that there would be some good reasons not to move rates frequently, but if the big picture intention is to limit inflation to a desirable zone, agility would be a valuable tool. It feels like we are spending 29 out of every 30 days driving out of control. +What is the macroeconomic reasoning for reducing government spending when a recession hits? From what I know that is what many countries did so I was wondering why. +I remember recently (for the first time) the idea that lowering the corporate income tax in the U.S. is a good idea for the following reason: + +1) Corporations (and individuals, too probably) off-shore LOTS of capital to countries with corporate tax rates lower than those in the U.S. to save money + +2) Corporations have to jump through lots of complicated and expensive loopholes in order to do this. They would prefer not to, but the tax rates are so much lower elsewhere that it is worth it. + +3) The U.S. should lower its corporate tax rate to the point where U.S. based multi-nationals can keep their capital domestically, but the U.S. (gov and people) benefit as well because those taxes get recirculated in the U.S. rather than going to the governments of islands or tiny European countries. + +Someone immediately shot this idea down as "reaganomics" which "history has shown doesn't work". But this process makes sense to me.. where does it break down? + +Thanks +I am in the US and see myself in the US for years. I am originally from India. I earn in USD and all my savings and retirement accounts are denominated in USD. I do not see any path to US citizenship. The only reason it helps to earn in USD and in the US is because of US wages and USD to INR conversion. + +However, if I see myself back in India eventually at some point, is being fully invested a risky move? I know this is more of a personal finance question but I feel it does relate to the economy. + +With US printing trillions of dollars, is USD at the risk? Specifically, is there any risk that USD will weaken significantly (crash) against INR? I see posts articles that state that US money supply has increased by 41%. Increase of CPI by 14% is just the beginning. + +Also, is it reasonable to tie personal finance decisions to economics? +In the Cobb-Douglas model, MPL is equal to output \*weighted by labor share\* divided by labor, which comes out to be the real wage. However, it seems like most indicators of labor productivity are total output over labor quantity ([the OECD's](https://data.oecd.org/lprdty/gdp-per-hour-worked.htm) for example). Doesn't this conflate returns to labor and returns to capital? +The housing market collapsed because of a ton of sub-prime loans. + +Could student loans be sub-prime because of the earning potential of the graduates? For example person A is holding a BS in engineering is almost guaranteed to make more money than person B an English teacher. They both invested the same time, money and possible equal student debt, given they attended the same 4-year institution. + +The US student Dept is a 1.3 trillion dollars. The only way my SO can afford her student loans is because of government income adjusted payments. So basically we are one piece of legislation away from defaulting on these loans. +And I’m sure millions of Americans are in the same situation. + +I can see this bubble bursting soon even with my lack of formal economics education. + +It just doesn’t make sense, we make lending more accessible, which turns into more paying customers, which then university’s upgrade their campus to attract students, thus increasing tuition. It seems like it will get to a point where you have no choice but to take our loans and the only people benefiting will be the lenders. + +Am I crazy or is this a problem that is just slid under the rug like the sub-prime mortgage crisis? + +So right off the bat: I know very little about economics. I took an "Economics 101" class in college, but that was very basic "supply and demand" stuff. + +I have some friends saying that they are "hardcore Marxists" and want to see "the downfall of capitalism", but they don't give educated reasons as to why other than something overly simplistic like "corporate America bad". I am tired of not being able to contribute to these conversations because I am not educated on the subject matter. + +What resources would you recommend for me to learn (in my limited free time) some fundamental economic aspects of communism, socialism, and capitalism that would be relevant for making me a more educated person and U.S. voter? + +For background, I have multiple undergraduate degrees in biology and biochemistry and am currently pursuing higher degrees in biology/medicine. I would prefer unbiased source(s) giving overviews of all theories, but I would also be willing to read biased sources as long as I was able to read multiple perspectives. +As the Chicago Mayoral election season is coming up, I've been seeing a lot of Illinois government officials blaming each other for the pension crisis, but none proposing real solutions. Specifically focusing on Chicago’s pension crisis, if you were in charge, what solutions would you propose and why? Alternatively, is there even a solution at all? +by lower end I mean Taiwan korea and spain. + +maybe italy? + +poor countries can grow quickly. + +A country like USA can't because you need to find ways to boost productivity... +Are there any textbooks that provide a grand overview of graduate level economics from 10,000 feet. I'm a mathematics major so I'm not scared off by formulas or code. Thanks in advance. +There are many countries economy of which depends mainly on cheap labour. My question is can these countries really become developed ? + +On one hand being developed in the sense that people get an easy life means there is no cheap labour. On the other hand absence of cheap labour destroys their main driving force of their economy. So if they really become developed they would inevitably have to depend on other countries which have cheap labour. + +So isn't it right to say that there must always be some undeveloped countries with cheap labour to maintain the people's lifestyle in developed countries ? + +By the way I have never studies economics. So is there anything I'm missing here which would allow every single country on this earth to become developed ? +**1\*** Im looking for something like this in terms of economics: [https://www.youtube.com/watch?v=OmJ-4B-mS-Y](https://www.youtube.com/watch?v=OmJ-4B-mS-Y) + +**2\*** I do really enjoy The Economist, but Im looking for smth more scientific then journalistic :) + +**Thank you in advance, it means a lot for me :))** +I posted this about a week ago and didn’t get any replies sadly. I am still interested in reading others thoughts on the topic though so I am reposting in the hope someone replies! +———————————————————————- + +There are a few things I’m wondering about SWFs that people here might be able to help me out with: + +1. Why don’t more countries have them? They seem like an easy way for nations to build capital reserves that will more or less increase year on year + +2. Is it possible for an SWF to be large enough to use all or part of the profits year on year to cover areas of government expenditure? For example an SWF set up to cover the costs of pensions, redistributive measures like a UBI or an NIT, elderly care for the NHS, primary education, or investment in national infrastructure etc etc + +3. Assuming yes to Q2, could we raise multiple SWFs to cover each area of national expenditure, even if partially? + +4. If, in theory, 2/3 was possible, what potential effects would this have on the economy (such as potential effects to GDP growth, inflation, foreign investment etc) +[I've posted onto another subreddit the PPP GDP Per Capita growth rate for 21 of the biggest economies of the world.](https://imgur.com/a/z1OmBoG) According to this data set, the Turkish economy has grown the fastest in terms of PPP GDP Per Capita since 2007, followed by Indonesia, Russia, and China. + +However, what amazes me, here in the USA, we were always told that [the Turkish economy is not doing well](https://foreignpolicy.com/2020/11/30/turkey-economic-problem-erdogan-mismanagement/), and neither [is the Russian economy.](https://atlantic-community.org/russias-economy-until-2030-falling-behind/) [However, according to the first chart, the Turkish, Indonesian, Russian, and Chinese economies are the world's 4 fastest growing major economies, and India is ranked #8 in terms of PPP GDP Per Capita.](https://imgur.com/a/z1OmBoG) + +I'm so surprised that there's been a lot of talk about India's economy, however, it has only grew by around 3% per person (PPP GDP Per Capita) since '07. The real success stories is what the Turks, Indonesian, and Russians have accomplished, but it seems that the media and general public don't see it that way. Am I missing something here? +There seems to be a consensus that yield curve inversions are a result of bearish near term outlook and more bullish long term outlook. Investors foresee greater risk of recession in the next year or two, and therefore feel more comfortable with a 10, 20, or 30 year maturity, so they buy those up and in effect push long term bond prices up (yields down). + +Even if they are correct in their assessment of the near term though, how do they benefit from allocating capital to longer term, lower yield bonds? + +Right now, the US 1-year yields 3.98%, while the 10-year yields 3.45%. Why wouldn’t an investor just buy up the higher yielding security, hold to maturity, and then re-purchase the same security over and over again? + +It can’t be due to the risk of default, which is effectively 0% in the US? Nor can it be explained by inflation expectations, because money held in a longer term yield is subject to the same inflation (and lower yield, so lower real rate of return)… so what is the rationale here? + +Why would an investor tie their money up for longer and be rewarded less by doing so? + +*Note to mods: I posted this 1 month ago but with no answers* +Alright economists, I know you guys love crunching the numbers, is there any research or do you have any theories about the economic impact of April Fools’ Day? Does it have cost us money with public destructive pranks? Does it help businesses with viral marketing jokes? + +‘tis the season, let me know +We are currently discussing about the different causes of market failures, and we were assigned to report about Information Asymmetry. When I tried to research about it, I realized that the terms are either mentioned together or interchanged. There were also websites which described the terms differently. + +According to this website, +https://opentextbc.ca/principlesofeconomics/chapter/16-1-the-problem-of-imperfect-information-and-asymmetric-information/ + +"The term imperfect information simply means that not all the information necessary to make an informed decision is known to the buyers and/or sellers. Asymmetric information is the condition where one party, either the buyer or the seller, has more information about the quality or price of the product than the other party. " + +However on this website, + +https://courses.lumenlearning.com/boundless-economics/chapter/sources-of-inefficiency/ + +"Adverse selection is a term used in economics that refers to a process in which undesired results occur when buyers and sellers have access to different/imperfect information, also known as asymmetric information". +How did Korea explode so quickly? Was it truely a 'miracle' right place right time scenario? Or is there more to it? It seems almost outlandish for a land that was a Japanese colony until 1945, to as of today be a fairly large economic power. + +Secondly, what is happening in Korea now? It seems like Korea is slowing down sharply, what are some guesses at the long term effects of this slow down? +Think about the market for kitchen blenders. I'm going to be a rational consumer here, and weigh the pros and cons of a feature against how much I want to pay for it. A manufacturer could install a TV on their blender, but I'm not going to think that was a value-add and be willing to pay extra for it because I am rational when it comes to blenders. + +Now, think about health care. Are we rational about health care? If you tell me that there's a small chance my daughter has a disease, I'm going to have you test for that disease, no matter what the cost. If I am diagnosed with cancer and given a 2% chance at living, I'm probably going to spend every penny on Earth to cure myself. + +When it comes to matters of the life and health of ourselves and our loved ones, we're just not rational (and maybe shouldn't be -- this might be what makes us human, after all). + +Does our lack of rationality in this area make it more difficult for the free market to provide a solution? Do claims that the free market is the best solution assume that we're rational consumers in relation to that market? +In 2018 Republicans lost a lot of seats in the house of representatives. At least some of the lost seats can be linked to the effects of tariffs that Trump's trade war started ([http://faculty.tuck.dartmouth.edu/images/uploads/faculty/emily-blanchard/Blanchard-Bown-Chor-Trade-War\_November.pdf](http://faculty.tuck.dartmouth.edu/images/uploads/faculty/emily-blanchard/Blanchard-Bown-Chor-Trade-War_November.pdf)). In 2020 the Republican party regained a lot of the lost seats even though a lot of those tariffs are still in place and the trade policy is mainly unchanged. + +Are there any economic arguments that can explain that? +I am curious as to what the arguments against the popular opinions of "Austrian Economics" are, I know that some of what they have said has been absorbed into the mainstream and the rest has been discarded, but what are the reasons for this? +Disclaimer: English is not my native language, nor my first language of instruction, so I may come off as assertive or even cocky. Apologies for that. + + +* Behavioral economics, once regarded heterodox, were fiercely opposed in their beginnings and outright ignored and even ridiculed by some. Assuming that formalized and rigorously consistent behavioral economics started with Kahneman, it only took less than two decades for behav. econ. to be considered a part of the mainstream and to be taught in econ 101 classes. How did that happen? +* Heterodox economics often provides rigorous and falsifiable critiques to some of the fundamental assumptions and building blocks of neoclassical theory, so why is it so conveniently ignored? Ha Joon Chang, for example, provides extensive empirical and historical arguments against the mainstream dogma on globalism and trade, but dev. economists and macroeconomists are yet to take him seriously and still favor their, epistemologically less valid, mathematical models. Why? +* Why is there a mainstream in economics? Sociology, History, and Poli. Sci. don't have one, even if they study topics that are really similar to those of economics. +I've read that in the next decades the advancements in technology and AI will make a lot of low-competence jobs useless, as they will be done by machines or something along those lines. + +If that is the case, will it still be beneficial to allow for immigration of low-skilled individuals from developing countries, given the technological advancements? Would it make sense to allow these induviduals in, and then teach them the necessary skills for the new job market, so that they can still contribute to sustain the welfare system? +So I understand that sometimes it's more efficient for us to have only one producer of certain goods and services, as an example, I was given a local government-run railroad transportation company. But, why do we call this a "natural" monopoly if it was artificially created by government? Why don't we call it "efficient monopoly"? + +Is there a history behind this name? +Hypothetically say humanity is in a situation similar to the video game Halo. Earth is being invaded by aliens and it’s looking very dire for us. As a species we need to ramp up production of weapons, vehicles, armor, etc. but who’s gonna pay for all of this? Would the rule book be thrown out of the window? Would governments give corporations money to do whatever they need? Could the government “take over” factories and repurpose them? If we won the war, what would happen to the money “loaned” to corporations? What would happen to the economy as a whole? +I'm currently reading Capital in 21st Century and Piketty's case that r>g in fact the baseline reality of capitalism, absent the complete destruction caused by two world wars, was very compelling to me. + +I don't want to slide into dogma but as per most economists is this true? + +Is there a theoretical basis for this? + +If not, could r>g become a reality in the future? +I worry about the standard set of taking credit for jobs numbers. When the business cycle inevitably flips, whoever is president should not necessarily be blamed for that timing. +There are different numbers being thrown around in the context of how bad inflation is. My question is trying to cut through the noise: my job hands out annual cost of living raises. Last year my raise was 2% because I'm already at the top of my job's pay band, which sucked but inflation was at 1.4% so I was willing to roll with the punches a bit. + +Is CPI data the right metric to base my argument off of? And if so, can I just glance at this chart to see where it is come year-end? [https://www.usinflationcalculator.com/inflation/current-inflation-rates/](https://www.usinflationcalculator.com/inflation/current-inflation-rates/) + +Am I correct in making the argument that anything below the percentage here (currently 6.2%) is effectively a pay cut or is that an exaggeration? + +Thanks for helping me to wrap my head around inflation in the context of my salary. +It gives me little faith in that those celebrating the price rise won't be freaking out in the inevitable market corrections that older hodlers are used to. +Celebrating buying houses, boats, flights home to see dad, all on the backs of newcomers adding small amounts of bitcoin to their holdings just seems wrong. +"Hey congrats on your 0.1 entry into the Bitcoin world. You should shoot for 1BTC, soon it will be out of reach" +"yay, next stop $10,000 and my new Tesla" +I get it, we can celebrate, but there are bigger and more substantial milestones to financial sovereignty than the getting rich quick culture that is potent here. + +Just some thoughts from an old subscriber. +Hurricane Ian made direct landfall on my city. My house suffered a decent bit of damage and will need various things including a new roof, water damage repaired in multiple places in the ceiling, and a new fence among some other more minor things. + +I’ve checked my policy and I do have coverage for all of these things, I’m just not sure what to expect from the insurance company or what I should have prepared for them. I’ve never had to go through this process before as a new homeowner. + +I assume they will try to get out of as much as possible, and I assume they will drop me after paying out. There’s a chance they’ll also go bankrupt like many other insurance companies in Florida recently, and I’m not sure what to do if that were to happen before they pay for my repairs. + +Any and all tips are appreciated! + +EDIT: Thank you everyone for your stories and suggestions! Service is very spotty so replying to everyone is basically impossible, but please know I’m reading everything as I can and I appreciate you all. + +It’s encouraging to see that not all insurance companies are the devil like they’re made out to be :) I’ve only ever heard horror stories so it’s nice to know this may not be a huge fight for every dollar. Hoping for the best! + +Someone asked if the birds are ok - I can’t find the comment or it won’t load, idk. But YES, all the birds are just fine. I agree that they are the most important things in the whole house, and I love you whoever you are for checking in on them <3 They were upset about being in their travel cages in the closet for the day, but I couldn’t let them out since a window could break or roof could fly off at any given time D: They are free again and are *loving* life with the house sitting around 77-80° and 80% humidity with all the windows open lol! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Ryan Cohen tweeted `hola` today; he could have just been saying hello, but other Apes have hypothesized that he might be referring to the Home Owners' Loan Act (HOLA). What is HOLA, you ask? (I'll get to its 1933 origin in the 'What does it all mean?' section.) + +This law reference site will tell us (https://content.next.westlaw.com/7-503-0545?__lrTS=20201209064617949&transitionType=Default&contextData=(sc.Default)&firstPage=true) that HOLA is: +> A federal statute that provides for the chartering and regulation of **thrifts** and thrift holding companies (12 U.S.C. §§ 1461 to 1470). The HOLA specifies that one of its primary regulatory goals is to encourage thrifts to provide credit for housing and other goods and services in a safe and sound manner. In addition, the HOLA prescribes for thrifts a "qualified thrift lender test," which means that thrifts must generally maintain at least 65% of their portfolio assets in "qualified thrift investments" (primarily residential mortgages and consumer related investments, including some mortgage-backed securities) in at least nine months out of each 12-month period. +> +> Although with the passing of the **Dodd-Frank Act** the primary federal regulator of thrifts, the Office of Thrift Supervision, will be dissolved and regulatory responsibility shared among the other federal banking agencies, the Dodd-Frank Act preserves the HOLA. + +What is a _thrift_? (Westlaw definition: https://content.next.westlaw.com/practical-law/document/I21063d7fef0811e28578f7ccc38dcbee/thrifts ) +> A type of specialized banking organization that includes savings and loans associations and savings banks. Thrifts, like commercial banks, raise funds by taking deposits, but they are more restricted in the types of business activities in which they can engage. Thrifts are chartered and regulated under the **Home Owners Loan Act**. They are subject to a "qualified thrift lender test," which requires that at least 65% of the thrift's portfolio assets be in "qualified thrift investments" (primarily residential mortgages and consumer-related investments) in at least nine months out of each 12-month period. For more information on thrifts, see Practice Note, US Banking Law: Overview: Thrift Institutions. As of July 21, 2011, thrifts will be supervised and regulated by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. Previously, they had been supervised and regulated by the Office of Thrift Supervision. For more information, see Practice Note, Summary of the Dodd-Frank Act: Regulatory Structure. + +## Who cares? + +UChicago paper cited in this section - `The Death of a Regulator: Strict Supervision, Bank Lending and Business Activity`: https://ecgi.global/sites/default/files/working_papers/documents/deathofregulatorfinal.pdf + +Well, in 2011 the Office of Thrift Supervision (OTS) was closed. The OTS was basically _the_ org in charge of making sure everything was a-okay with the HOLA loans. (The OTS' powers were transfered to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). See this long-ass paper (132 pages) from the University of Chicago - see link above - for an overview of how lending changed when the OTS was closed. The paper states that +> The extinction of the OTS was a major change in prudential supervision in the U.S. banking system, affecting roughly 10% +of all depository institutions with 8.5% of all U.S. deposits. It applied to banks across a wide spectrum of capital and liquidity levels, operating in different geographies. + +Wat? 8.5% OF ALL DEPOSITS in the US. Wat wat! + +When the OTS was closed what happened to **thrift**-y lenders? Instead of giving loans for home mortages they offered loans for small businesses. From page 7 / 132 from that UChicago paper, "The Death of a Regulator": +>We show that former OTS banks on average increase small business loan originations by roughly 10% relative to the period prior to the OTS extinction. We obtain this result after the inclusion of county-by-year fixed effects and bank-by-county fixed effects. Thus, the **lending effect is not driven by former OTS banks being located in counties with better economic conditions (and higher loan demand) but instead implies an increase in the supply of small business loans** by former OTS banks relative to the supply of other banks operating +in the same county and year. + + + +## Swapping bad home loans for bad business loans + +Well, in the absence of suddenly-more-credit-worthy businesses I'd say that the **thrifts**, the savings and loan banks / savings banks, decided that since they couldn't make money doling out mortgages / 'house loans' they'd start doling out small-business loans. (In the wake of 2008 mortgages - at least for a few years - were a bit more closely scrutinized.) + +With the OTS shut down in 2011 and more scrutiny being paid to loans originating from **thrifts** the bankers at **thrifts** still wanted to make their loan origination fees, so they had to figure out 'new customers' now that their mortgage lending was more highly scrutinized, + +2011 rolls around and the OTS shuts down. And suddenly 10% of local businesses who for whatever reason were not suitable for **thrift** loans _before_ the OTS office shut down are now magically highly qualified for **thrift* loans. Get dem loan origination fees! + +# What does this all mean? + +You tell me! I'm just a data person and not a finance person. Read more about Office of Thrift Supervision (OTS) here: https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision (The OTS did some fun stuff like **backdating** offical documents and all kinds of other fun forgery! Yeehaw!) + +If RC didn't just mean `hello` with his `hola` tweet I think we may we looking at lots of rotten mortgages which was in line with the original 1933 intent behind HOLA: to save single-family homeowners from becoming homeless due to usurous lending policy by the banks and the economic implosion of the Great Depression. https://predatorylending.duke.edu/timeline/home-owners-loan-act-of-1933/ states that **before the Home Owners Loan Act of 1933** 3-5 year mortgages were the norm, with a giant-ass 'balloon payment' at the end of the term loan. Do mortgages with fucky terms in the early 1930s sound anything like what's going on today?! How 'bout dem **adjustable rate mortgages**? (MarketWatch source - so take with a wheelbarrow of salt says that the avergage adjustable rate mortage is ~$700,000 whereas the average **fixed** rate mortgage was just $289,000 in 2019: https://www.marketwatch.com/story/the-average-adjustable-rate-mortgage-is-nearly-700000-heres-what-that-tells-us-2019-02-04 ) + +Thankfully (?) the HOLA of 1933 made it so that homeowners had 15 years to pay off their mortgages (as opposed to the 3-5 years that were common mortgage terms in the 20s and 30s.) Those 15-year mortgages later turned into the 30-year fixed mortgage that is common today. + +In any case, getting back to HOLA... The act was inked in 1933 'cause the economy was in the shitter. [Hoovervilles.](https://en.wikipedia.org/wiki/Hooverville) Mass unemployment and homelessness. In order to prevent even larger portions of people losing their homes HOLA sprung into existence. The OTS was the federal office that was responsible for making sure that HOLA loans were being properly administered but - like seemingly every financial service leading up to 2008 - OTS was rotten to the core so it got shuttered for good in 2011 and its responsibilites got divvied up (to the FDIC and other orgs). + +I'm sure I've missed some things, so I'll ask other Apes: + +- What do you know about **thrifts** and Savings & Loans? (I was a babby Ape when those suckers imploded in California in the 1980s: https://en.wikipedia.org/wiki/Savings_and_loan_crisis) +- Do you see single-family home mortgage implosions on the horizon? Or are post-OTS business loans given to not-such-creditworthy businesses the real rotten egg in the economy right now? Or maybe there's something else about HOLA that I've missed entirely. +**Atlas Lithium Corporation** (Atlas Lithium), formerly *Brazil Minerals, Inc.*, is focused on advancing and developing its **100%-owned hard-rock lithium project**, which consists of **52 mineral rights spread over 56,078 acres (227 (square kilometer) km2)** and is located primarily in the municipality of Aracuai in the Vale do Jequitinhonha region of the state of Minas Gerais in Brazil. It also has a separate second lithium project located in Brazil's Northeast region. In total, Atlas Lithium owns mineral rights for almost all battery metals, including **lithium** (*293 km2*), **nickel** (*222 km2*), **rare earths** (*122 km2*), **titanium** (*89 km2*), and **graphite** (*56 km2*), in addition to owning mining concessions for gold, diamonds, and sand. The Company also owns approximately **44% of Apollo Resources Corp.** (iron) and **24% of Jupiter Gold Corp.** (gold and quartzite). The **Minas Gerais Lithium Project is the primary focus of Atlas Lithium**, which is situated in the prolific Eastern Brazilian Pegmatite Province (EBP). + +[Overview from Investor Presentation Deck](https://preview.redd.it/amp739pwb61a1.png?width=2524&format=png&auto=webp&s=892d83e77b9e15e457230960564124ca65b846ab) + +# Lithium market is projected to see continued growth over the next decade as EV production and EV adoption increase, lifting demand for Lithium concentrate yielded from ATLX's projects. + +https://preview.redd.it/mon184w3d61a1.png?width=2470&format=png&auto=webp&s=219664f80fb1c58032db9711a96e2154bc55ce9d + +# In May 2022, Goldman Sachs put out a bearish sentiment report regarding battery metals, which caused a significant drop in Lithium related stocks. + +# Since that report, according to the 13C SEC Filing, Goldman has added SIGNIFICANTLY to their battery metals and Lithium positions. + +$LAC - +121,996 shares (48% increase) + +$LTHM - +553,560 shares (152% increase) + +$SQM - +81,582 shares (8% increase) + +$ALB - -117,230 shares (-23% decrease) + +# $SGML - +71,167 shares (New Position) *** + +# ***Sigma Lithium is a key addition to note, as Sigma Lithium Corp has a direct connection to Atlas Lithium. + +https://preview.redd.it/ml1jic8tc61a1.png?width=2488&format=png&auto=webp&s=a9552058205192bdef412901e835c85b667d29bc + +# Why is Sigma Lithium (SGML) important? Because Atlas' newly acquired land is immediately adjacent to SGML's acreage in Minas Gerais Brazil. ATLX with approximately 10,000 more acres in the area. + +[Map overview of ATLX and SGML Neves area ](https://preview.redd.it/3ebwojezd61a1.png?width=2482&format=png&auto=webp&s=526234c1b15ef75bf2a5e574aa00057ab031627e) + +# Sigma Lithium (SGML) Chart since 2018 + +Currently Nasdaq listed, 3B Marketcap with 100.7M outstanding shares + +[SGML Price Chart since Mid 2018](https://preview.redd.it/rz2djnegf61a1.png?width=2616&format=png&auto=webp&s=0620168302f233b97cca6c30895f2f6b70ce032e) + +# Atlas Lithium has a portfolio that extends further than Lithium. They also have projects for Nickel, Rare Earths, Titanium, and Graphite; and have partial ownership in Jupiter Gold ($JUPGF) and Apollo resources. + +[List of Atlas Lithiums total holdings](https://preview.redd.it/o7c9ko4hd61a1.png?width=1514&format=png&auto=webp&s=61139eafb6b60cf0ac42153005fc66db144d7e75) + +# Atlas Lithium 3Q 2022 Corporate Update + +The Company began to implement its current business strategy of focusing on the exploration of strategic minerals in 2018. From 2018 through 2022, the Company significantly expanded its portfolio of mineral rights for battery metals which currently includes 72,344 acres (293 km2) for lithium in 59 mineral rights, 54,950 acres for nickel (222 km2) in 15 mineral rights, 30,054 acres (122 km2) for rare earths in seven mineral rights, 22,050 acres (89 km2) for titanium in seven mineral rights, and 13,766 acres (56 km2) for graphite in three mineral rights. Atlas Lithium believes that it holds the largest portfolio of lithium mineral exploration properties in Brazil, and that it is among the largest holders by size and breadth in exploration projects for battery metals globally. + +In the third quarter of 2022, the Company filed its first geological report that highlighted the potential of its 100%-owned Minas Gerais Lithium Project and was prepared by independent expert firm SLR International Corporation in compliance with Regulation S-K 1300 ("SLR Report") applicable to U.S. reporting companies, bringing significant credibility to the Company's lithium program. Importantly, the SLR Report indicated that, commercial-grade lithium concentrate was able to be produced at a well-respected third-party testing facility using mineralized samples from the Company's project. + +Atlas Lithium's purchase of additional lithium mineral rights during 2022 is reflected by the $4.8 million of intangible assets as of September 30, 2022, which is an increase of 271% from $1.3 million as of 2021 year-end. In addition, the Company's net stockholder's equity stood at $2.6 million as of September 30, 2022, which represents an increase of 468% from $0.5 million as of December 31, 2021. Finally, the Company continues to actively work towards the uplisting of its common stock to the Nasdaq Capital Market. + +# Management Commentary: + +"As part of our strategy to capitalize on the accelerated worldwide demand for battery minerals used in electric vehicles, we have begun discussions with large, global companies seeking to secure our lithium supply. Given Atlas Lithium owns the largest footprint of lithium areas in Brazil, we are uniquely positioned to establish Atlas Lithium as a leader in one of the world's premier regions for lithium," concluded Fogassa. + +"We have been approached (in unsolicited manner, NDAs now in place) by several large, global enterprises seeking lithium supply" + +"We expect significant news from various aspects of our project for the next 12-18 months." + +# So, why is now a great time to buy? + +* Atlas has set terms to uplist to Nasdaq, which means institutions and Non-OTC retail will have access to begin purchasing shares. +* Reverse split is rumored to be a 750/1 (reducing OS to \~5M from 3.7B) +* Numerous recent hires bring significant experience and connections, trusted CEO +* Zero outstanding investor debt +* Increased Neves area LI holdings by \~40x acres +* [https://www.atlas-lithium.com/investors/](https://www.atlas-lithium.com/investors/) + +https://preview.redd.it/oppsuukoi61a1.png?width=1972&format=png&auto=webp&s=ab63e9c913fa8b93039124c87c9f7e5ed2db5a62 + +# TLDR; Atlas Lithium is an exceptional investment opportunity to get in early on a pre-uplist NASDAQ bound company that will inevitably be a player in the growing Lithium ecosystem over the next decade. + +# All it will take is 1 significant PR or news piece for this to hit a new level and leave the .01/.02 realm for good! + +# Best of Luck to All! Except the bears. + +^(\*As always, do your own DD. This isn't financial advice. Just friendly advice :).) +Pretty straightforward, is there anything in particular I should watch out for that I don't want to get sucked into? My budget is pretty wide open and my financial situation is pretty stable, at least for the next 2-3 years. + +I already visited volkswagen and they seemed fairly keen on selling me one particular 2011 Jetta that had recently been traded in. Their big selling points were that it had only had one previous owner, and he was an old guy that only traded it in because he wanted a 2013. They acted like this was absolutely the best "bang for my buck" and that it has likely been treated the best compared to cars that have been leased, etc. Do I trust them? They aren't allowed to withhold information are they? For example, the car has transmission issues or something. + + +edit:Thank you everyone. +I'm sure this will get downvoted but if you have entered crypto with the hopes of making some profit ignore the cult like mentality of holding indefinitely and set yourself a price target at which you would be happy to take some profit. + +Holding long term has always been a solid tactic but to hold with no exit plan or target is just barmy. + +Whether it be a specific price target or a multiplication of your holdings think about which point you would be happy to take profit and stick to it. + +For me personally whenever an investment makes 3x I cash out two thirds doubling my initial investment and then hold the last third in the hope that it does it again. +I live in Northern California where home prices are really high. I am currently 26 years old and single. I make $85,000/year and the only debt I have right now is $12k on a car (the car is worth about $22k, so there is some positive equity). My total assets (cash, 401k, etc.) is a little over $100k. I just got pre-approved for $500k mortgage with 5% down (No PMI required). However, I think at this point that might be too much. I get taxed like a SOB due to the fact I’m single and have no dependents. I expect my salary to increase a bit next year, but my whole life I’ve seen my parents make terrible financial mistakes and I don’t want to be in any financial mess in the future. Also my parents will be living with me since they are unemployed (my mom due to health issues and my dad company shut down during COVID pandemic). $500k doesn’t get you much here in California, but I don’t want to overextend myself since I have no other support but myself financially. ***UPDATE: I didn’t expect this post to blow up like this but I really do appreciate all the advice that was given. I will definitely not max out to the limit I was approved and will take things slowly to think also wait out the market to see how it reacts after things go back to “normal”. I’ve put my foot on the gas pedal about getting ahead in life most of my adult years and reading some of the comments here made me realize it’s okay to slow down. When you grow up with nothing, it leaves you with a burning desire to grab everything you can. But it’s unhealthy. I’ve realized at this point, I need to take a pause and reevaluate my goals. A lot of valuable information was given and I’m very grateful for it. Hope everyone is staying safe and heathy, thanks again!*** +[Screenshot of chat with representative of eToro](https://imgur.com/qpLrFiW) + +As a europoor, when this all started eToro seemed to me the easiest and fastest option (then diagnosed acute FOMO). Am in the process rn of "transferring" (selling on eToro, buying on Interactive Brokers) to DRS my shit. If you haven't begun, you really should! See how in the links below: + + +I can not recommend u/warfielf 's posts enough! + +https://www.reddit.com/r/Superstonk/comments/thunxg/get_out_of_etoro_etoro_transferwise_paypal_ibkr/ + +https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/ + +All the best to you Apes! +This is a complete shitpost and rant, but I keep coming back to 'Don't Look Up' every time I hear the Corporate Media spew absolute crap to the public. Hear me out on this, but Corporate Media has influenced millions of people that GameStop is a "meme" stock controlled by apes and they shouldn't buy it. + +&#x200B; + +I ran across this post earlier: [https://www.reddit.com/r/Superstonk/comments/ulr303/if\_we\_do\_end\_up\_running\_at\_some\_point\_this\_month/](https://www.reddit.com/r/Superstonk/comments/ulr303/if_we_do_end_up_running_at_some_point_this_month/) (shoutout to u/bigfirehydrant) and it made think of how 'Don't Look Up' is a perfect example of how the media and the institutions that "govern" everything spin a narrative that everything is fine, GME isn't the play, inflation is transitory, and NASDAQ dropping 5+% in one day is because everyone re-evaluated the interest rate hike that evening and decided it would be best to sell the next day. + +&#x200B; + +When everything goes down, and stays down, and GME jumps 100% in a day while everything else is crashing, people will soon realize the the meteor/asteroid IS, in fact, coming for them, and by that time it will be inevitable. I'm assuming that they will turn off the buy button again to keep the public from joining us apes. We will be on our own, and we will be blamed by the corporate media, but by that time, the people will already realized that we were right, the meteor/asteroid is coming, and they were swindled by the government and the corporate media. + +&#x200B; + +The aftermath of it all, won't come for a long time, but I firmly believe that the corporate media will withstand that backlash, and people will go back to doing what they always do...listening to the divide and conquer. They will blame us, the apes, the meme-stockers who just won't sell. They will spin the most off-the-wall things they can to paint us as the bad guys. But "we aren't the bad guys here. We didn't defraud the American people and prey on their dreams of owning a home. Alright? They did. Now we get to kick them in the teeth." +Very long story short but here are some key elements. + +1.) We come from a v.traditional Asian background where respecting your elders is a bit of big thing +2.) I am academically more qualified than him and I’ve not always had luck advising him or telling him better ways of doing things… Long standing relationship issue where I may come off a little bit condescending. I’ve tried to work on it from my end, things have gotten a bit better as we’ve gotten older +3.) Mum and dad have a number of properties (4) in and around our state/city and are retiring to India to set up their own business +4.) I’m middle child, owe have a younger sister. +5.) We all still live at home together. I’m getting married in Jan 2016 and moving out soon + + + +Things really started a couple of years ago (Jan 2014), an older family friend of ours got in touch as he wanted to buy a house in our area. My brother put himself forward to buy the house for the gentleman for a small $$ fee. At the same time, he quit his job to setup a women’s fashion business. NB: He had no experience of women’s fashion and was(is) no way qualified/experienced/knowledgeable with anything to do with women’s fashion. Anyway, he’s always wanted to be a millionaire by the time he’s 30 kind of thing but never really dived into anything. We (me, mum and dad) always dissuaded him from his random ideas, so I didn’t push back on him this time round. Just felt he should go chase a dream for once. + + +So he quit the full-time job (with no cash flow or even registering the business), to work full time on the idea and running around to buy the house the guy wanted. He was also helping my mum and dad with their properties and transferring money back home for their new business. Fast forward a number of months from then (Oct 2014), he’s pretty much bought the house for the guy, but the fashion idea is nowhere close to taking off. Plus, the house-guy now wants the house to be legally transferred from my brother’s name to his. This is where things turned. + + + +Yes, he bought the house with the guy’s money but then he was giving excuses for why the legal transfer hadn’t happened yet. Mum and dad were also waiting for news on money my brother had in escrow for them. Things came to a head one drama-filled night when mum+dad cornered him and got him to reveal everything. Turns out he had been raising a $100,000 loan on the property the gentleman wanted him to buy for him. He was delaying transferring the property as he was waiting for the $100k loan to clear and had serious debt troubles. + + +Long story short, we managed to cancel the loan application and realised a large pot of money (~$100,000) for mom and dad had gone into his business idea that never got off the ground. A number of seriously poor business decisions but that’s not the story right now. We never really got the full details of the debt troubles, getting information from him was (is) like getting blood from a stone so we gave up after some time.For the sake of sanity and the family, we dug deep. My parents rescaled their business ideas and we tried moving forward. Our little sister [23f] is never really involved in these discussions. + + + +Last week (Aug 2015), shit almost hit the fan again. He was trying to raise a $80k loan on one of my parent’s properties at 21% APR. He only told me as he needed a reference of my wage slips (pretty sure he meant guarantor) and I dug into his loan application files, realised the absurdity of the loan deal and called mum & dad back into the mix. + + + +I’m torn. I thought he learnt from his first mistake but my mum and dad are slowly mentally coming off him. Particularly my mum, who mentally can’t cope with the anguish and what they are both feeling is the inevitable crap he may cause. I can’t ask for a better dad. He’s awesome, not academically gifted but wise and just so well intentioned etc etc. My dad has always been diplomatic in his language about all of us but increasingly he’s not been to glowing about my brother anymore. I’ve always had a rosy outlook on life and I’m slowly realising the realities of things. Still, our culture places some limits on what I feel I can do/say to him as a younger brother… still, at the same time I need to talk to him. Every time I try and do, he doesn’t really listen and it’s difficult advising/telling him what might be better to do. + +That’s it mostly. Scared about the wisdom of the reddit crowd but I throw myself at its feet for a few nuggets and suggestions if anyone feels like parting their experiences/thoughts this way. + + + + +&nbsp; + + +**TL/DR; Older brother blew $100,000 of parents money trying to set up business that never got off the ground. Got ‘caught’ trying to raise loan on a house that wasn’t really his (registered in his name but bought with someone else’s money). Was trying to raise loan on another house that is legally in his name, but again, not really his. No idea detail of debts he’s trying to clear as difficult to get him to sit down and talk** + +Credit unions like [Navy Federal](https://www.navyfederal.org/about/government-shutdown.php) with a large number of federal employees are offering interest free loans to those affected by the government shutdown. This will keep pay schedules normal for furloughed federal employees who are members of such credit unions. + +Loan amounts are calculated based on the amount of the most recent direct deposit of pay made prior to the interruption of pay. Once direct deposit of pay resumes, the amount credited to your account(s) will be automatically deducted as repayment. + +Places like [Pentagon Federal](https://m.facebook.com/PenFed/posts/10156071242285098), + [Congressional Federal](https://www.congressionalfcu.org/loans/personal-loans/furlough-solutions), and USAA offer similar programs too. + +TL;DR: If you’re a federal employee affected by the current government shutdown, your bank or credit union may have support programs in place to minimize disruption to your budget. + +I’ve seen occasional references here to Umbrella insurance and have some questions. + +I’ve tried to convince my friend that they should look into this, and I think if I were more knowledgeable would help push them towards talking to someone. They are a smart engineer type and pretty good with financials, but are new to their wealth and averse to “rip-off” costs like insurance. They know a lot but sometimes don’t know what they don’t know. + +We’re talking about a net worth that I’m guessing is about $25M, pretty much all FAANG stocks. + +They don’t lead a risky or high liability lifestyle. No crazy cars (they own a Prius for craps sake) or waterskiing - they don’t do much really and are just a home body. So this would really just be about net worth protection in an unlikely event. + +The most basic question is, at this level they should have Umbrella Insurance, right? + +1. Should the coverage be for their entire net worth, or is something like $5M enough? +2. Should it be pre or post tax coverage? +3. should they include 401k? Like if $5M of their net worth is 401K, should they only cover $20M? (I’ve read 401Ks are protected) +4. FAANG stocks can fluctuate quite bit - how often should this be updated? +5. where do you get this? Online I see the name “Chubb” for greater than $5M but it in their website they refer you to a broker. How do you find a reputable broker? +6. I’ve read above a certain amount they had to go to inadmitted companies - should this be a concern? Admitted basically means guaranteed in case of insolvency, right? +7. what is the ball park of costs? It sounds like it gets more expensive above the $5M level. + +Thanks + +TLDR: how much umbrella insurance should a $25M net worth in stocks individual have? + +Edit: getting some great TLDR answers below, thanks so much! Would love if someone wanted to answer each bullet point. +Virtual Reality Pioneer Is Leaving Meta + +John Carmack, who was chief technology officer of Oculus, which Meta bought, is departing the company. + +John Carmack, a pioneer of virtual reality technology, is leaving Meta after more than eight years at the company, according to an internal post reviewed by The New York Times. + +In the post, which was written by Mr. Carmack, 52, the technologist criticized his employer. He said Meta, which is in the midst of transitioning from a social networking company to one focused on the immersive world of the metaverse, was operating at “half the effectiveness” and has “a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort.” + +“It has been a struggle for me,” Mr. Carmack wrote in the post, which was published on an internal forum this week. “I have a voice at the highest levels here, so it feels like I should be able to move things, but I’m evidently not persuasive enough.” + +As the former chief technology officer of Oculus, the virtual reality company that Facebook bought for $2 billion in 2014, Mr. Carmack was one of the most influential voices leading the development of V.R. headsets. He stayed with Facebook after Mark Zuckerberg, the chief executive, decided to shift the company last year to focus on the metaverse and renamed Facebook as Meta. + +Yet even though Meta was moving swiftly into an area that Mr. Carmack specialized in, he was sometimes a dissenting voice about how the effort was going. He became known for internal posts that criticized the decision-making and direction set forth by Mr. Zuckerberg and Andrew Bosworth, Meta’s chief technology officer. Mr. Carmack had been working part-time for the company in recent years. + +What Is the Metaverse, and Why Does It Matter? + + +The origins. The word “metaverse” describes a fully realized digital world that exists beyond the one in which we live. It was coined by Neal Stephenson in his 1992 novel “Snow Crash,” and the concept was further explored by Ernest Cline in his novel “Ready Player One.” + +The future. Many people in tech believe the metaverse will herald an era in which our virtual lives will play as important a role as our physical realities. Some experts warn that it could still turn out to be a fad or even dangerous. + +Mr. Carmack and Meta did not respond to requests for comment. Insider earlier reported on Mr. Carmack’s departure. + +Meta’s earnings have been hit hard by its spending on the metaverse and its slowing growth in social networking and digital advertising. In July, the Silicon Valley company posted its first sales decline as a public company. Last month, Meta said it was laying off about 11,000 employees, or about 13 percent of its work force, in what amounted to the company’s most significant job cuts. + +In a podcast interview in August, Mr. Carmack said Meta’s $10 billion loss at the time in the division housing its augmented reality and virtual reality initiatives made him “sick to my stomach.” He added that the company’s metaverse efforts have been hampered by bureaucracy and dogged by concerns about diversity and privacy. + +In other posts seen by The Times from this year, Mr. Carmack criticized features on the company’s Quest virtual reality headsets. In his farewell post, he commended the Quest 2 headset as “almost exactly what I wanted to see from the beginning” in terms of its cost and mobile hardware, though he was still critical of its software. + +“We built something pretty close to The Right Thing,” he said. + +Mr. Carmack’s post, which said he was ending his decade in V.R., concluded by saying he had “wearied of the fight” and would focus on his own start-up. (He announced in August that his artificial intelligence firm, Keen Technologies, had raised $20 million.) + +“V.R. can bring value to most of the people in the world, and no company is better positioned to do it than Meta,” he wrote. + +Before Meta, Mr. Carmack pioneered various techniques in computer graphics that became crucial to games that he developed, including Quake. He joined Oculus in 2013 as chief technology officer and stepped down from that role in 2019, moving into a part-time role. + +Mr. Carmack this week also testified in a court hearing over the Federal Trade Commission’s attempt to block Meta’s purchase of Within, the virtual reality start-up behind a fitness game called Supernatural. The agency has argued that the tech giant will snuff out competition in the nascent metaverse if it is allowed to complete the deal. The hearing is expected to continue next week. +What you have to remember: + +It's impossible for the price of Gamestop to go to zero. Therefore, it's impossible for any of us to lose money. We only lose money if we sell a losing position or if the shares we are holding becomes worthless. We know our shares will not become worthless. Also, any losing position that we currently have is TEMPORARY, and is also the result of extreme extreme price manipulation, the likes of which the stock market has ever, and hopefully will ever see again. Overtime, the price WILL correct itself, as this continued shorting of Gamestop is not infinitely sustainable. + +Again, those red numbers that are shown in all the trading apps and platforms for GME is fake. In the immortal words of Mark from The Wolf of Wall Street: "Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real. " That red number is generated by an algorithm that is heavily affected by other illegal trading algorithms from the short hedge funds. You can literally pretend that they just erased the real price with Microsoft Paint and put in their own price instead; it's THAT fake. + +Just remember that Gamestop has $1.7 billion in cash and is debt free, and has another billion in merchandise inventories, prepaid expenses and other current assets, and property and equipment, as per their [10-Q filing.](https://news.gamestop.com/static-files/c48c7a03-2683-407c-95d0-83584d1a2b70) That means each of our share is worth at least $38.57, doing some napkin math and assuming 70 million shares. Simply put, even IF gamestop just stops all operations and sits around and does nothing forever, due to how much cash and stuff Gamestop owns, if you were to take all that stuff, turn it into cash, and divide that cash per share, each share would get $38.57, approximately. Smarter apes can do a more accurate valuation of share price by taking into account the other assets and liabilities and what not. But we know Gamestop isn't sitting on their ass all day, they are transforming into an omnichannel ecommerce giant at a breakneck speed and poaching talent from all the major ecommerce giants like Amazon. + +Lastly, if the situation happens where the price of gamestop approaches $0, you can bet that buying pressure will ramp up exponentially. Personally if Gamestop was sub $10 I'd take out a HELOC and dump $200k into GME. Not only apes, but any trader with half a brain would know that fundamentally this company isn't going to disappear. Quite the opposite, it's growing and transforming very quickly, and despite heavy market manipulation to keep the price low, at $7-$10 a pop it's still a no brainer. + +What you have to prepare: + +I bet many of us who did not buy in sub $40 regret it now. Well, I'm no fortune teller, but there is a non-zero chance that we could go back to $40. What's that chance? I don't know. Is it possible? Maybe but highly unlikely in my opinion, because if they could, they would have done it already instead of letting it drag out at around $200 for more than a month. Are we seeing the very bottom? Maybe not as well, so in the case that the price continues to plummet due to hedge fund fuckery, just treat it like an opportunity to buy GME at a cheaper and cheaper price. Instead of getting 1 share at $200, maybe for $200 you could get 2 or even 3 shares. Knowing that this is a possibility, it would be prudent to continue to save up cash to purchase more moon tickets at a heavier and heavier discounted price. Again, this kind of pricing won't last forever, and I guarantee there will be a time soon when we will regret not buying at $160 - $170. Not financial advice, just ramblings. +We've seen the utilization skyrocketing in the last couple of weeks. So I decided to dig a little deeper and try to find out what the actual F is going on. + +Here is the graph of utilization going back to early 2019 (Orange line). + +&#x200B; + +https://preview.redd.it/ifn4gpvlbbi81.jpg?width=1586&format=pjpg&auto=webp&s=215ac46eada8ff0d9c5cbbfd28089bde808465d6 + +&#x200B; + +As you can see the utilization starts increase rapidly in early 2019 and going on a steady climb throughout the year and then almost flatline 100% until the January sneeze. This move right here, is what I think is the turning point and when hedgies started to get ***UTTERLY*** FUKD. + +&#x200B; + +What move did Gamestop do in 2019 you might think? **SHARE BUYBACKS** + +&#x200B; + +https://preview.redd.it/d3x0mk3obbi81.png?width=698&format=png&auto=webp&s=90d3567c30748b1b5b1407f5b78d5f7101f804f7 + +To me it seems like utilization correlates with share buybacks/offerings. + +***Buyback*** \- Utilization increase + +***Offering*** \- Utilization decrease + +Here is a more detailed graph showing that utilization starts dipping when Gamestop did share offerings in April and June. + +&#x200B; + +https://preview.redd.it/haibwoivbbi81.jpg?width=1586&format=pjpg&auto=webp&s=7761da041a8cf9d975bd7131d8d135229b0aa92f + +&#x200B; + +**So what to expect?** I believe if we keep seeing the utilization at 100% we will soon start to see FTDs numbers go bonkers again. As the hedgies will have a harder time clearing those FTDs as there's no shares available for them to kick the can. If you take a look at the graph below you can see pre-sneeze that the utilization was 100% for quite some time and the FTDs (Organe bars) very high. Which later led GME to be placed on the Regulation SHO Threshold Security List and then.. **Kaboom.** + +&#x200B; + +https://preview.redd.it/9nrjwu49cbi81.jpg?width=1005&format=pjpg&auto=webp&s=05de1d06b3deb78167e54e47c7df7610ae3f4f54 + +We might see a more rapid scenario this time as there's a totally different scenario having the Utilization at 100% pre-sneeze than post-sneeze. + +&#x200B; + +So what could be reason of the rapid increase of utilization this time? I think I know what I'll bet my money on. It's a share buyback and RC loading up on more shares right infront of our eyes. + +We know Gamestop have set off ($100M?) to buy back shares and I think that's exactly what is happening right now. + +&#x200B; + +**Moon soon 🚀🌕** +I'll try and make this non-political... + +How would a $300 payment to every Aussie affect the economy? + +As a stimulus package (putting aside the incentive to get more jabs done), and assuming that shops are open/lockdown is over when the payments are made, wouldn't this be a good thing? + +Any winners or losers here? +I'm a recent school leaver who was just offered a place in an undergraduate medicine course, which I'm incredibly grateful for (and still incredulous as to how I got it)! However, my finger still hesitates over the "Accept" button. + +I'd been so doubtful of my capabilities that I had become heavily invested in my backup - computer science/actuarial double. For the better half of the year I'd been going back and forth between med and CS, lurking on this sub, whirlpool and ozbargain forums in hunt of information regarding prospects, satisfaction and salary. Now, I'm not dense enough to believe all those bloated, selection-bias riddled $250k graduate positions everyone flouts on these platforms, but there's still a certain allure to the field which earnestly piques my curiosity. + +It'd gotten to the point where I had formulated a plan to eventually work in the US for a good few years, for the experience of another culture, a different pace of life (and actual nightlife!), the sense of independence. Oh, and their more generous salaries don't hurt either. I had also wanted to complete a few months of exchange overseas - med does not allow for either. + +I'm not into med just for the money - I really do want to help people, I don't believe there's anything more rewarding than being able to save lives and being *the* doctor who makes a difference. I've also read about the darker side of 9-5s and the lack of personal satisfaction that people feel from their jobs, intense burnout from always having to keep up with *the latest thing* in tech, wading through 5 layers of middle management just to negotiate having Wednesdays off. I'm not going to lie either - the generous and reliable financial renumeration of med is pretty sweet too - but as everyone says, there's much easier ways to make money, and there is a substantial opportunity cost of time: social life, personal life, FOMO: watching those in your friend circle graduate, establish solid careers, move on with life before you. I'm just not sure of the extent of my passion exceeds the extent of that sacrifice. + +I'm also aware that I can transfer between degrees and that it's much easier to leave medicine than it is to start. However, I also tend to be rather stubborn and I will see things through to the end, and slog my guts out to get there if need be. + +Yes, it may seem incredibly short-sighted of me to consider declining a medical degree which promises lifelong job/financial security for the promise of being able to graduate and start a degree a few years earlier. Yes, I know that those tech dreams are wildly ambitious and idealistic - perhaps cliche, but nothing is truly impossible. + +But to hit the "Accept" button on my current offer seals all permanence. + +Any pointers? +Throwaway account... + + +Married, two kids under five. Mcol area. Net worth $2.5MM. FI 3-5 years, RE 8-10 years. + +Annual HHI is around 530-550k, this has increased over the past few years as my job has blown up. My total comp is around 400 (50/50 salary/bonus) and my wife is around 130-150. + +There’s been a lot of shakeups at my work. The bonus is pretty solid (famous last words) but I see the next 2-3 years as rebuilding. + +Up until a week or so ago, I was ready and able for the challenge. Not looking. Until I got a call from the CEO of a competitor asking if I was open to making a move. + +Fast forward a few conversations, and they have given verbal offer for a total comp range between 375-750. Essentially giving a little downside and much more upside. The incentives would be formula based, and we are working through those mechanics. + +Some other factors: +1. This would be totally remote. Probably saving me an hour daily commute (30 min each way). Parking. Gas. Hassle. +2. It would be a slightly different role but would be an opportunity to grow, but with a smaller initial sphere of management / oversight +3. I have two big initiatives at my current job that I would leave behind and would want to make sure I didn’t leave with a sore taste in their mouth +4. I’d sit out a short noncompete phase +5. I’d be walking away from a 50k mid year bonus and c30k deferred comp payment that would be made later this year + +My questions are: +1. What red flags should I look for, especially in making sure the new bonus range is achievable? +2. What wfh perks or resources should I ask for? +3. Should I ask for #5 above or some kind of advance? +4. If the total comp Floor is 375, should I ask for that as base (even for the first year)? + +Thanks for reading and your thoughts. +[Anonymous account here for obvious reasons.] + +The day has finally come—my big law career is over. And not by my own choosing. Without getting into the weeds regarding my exit—primarily a function of COVID, a shrinking practice group (transactional) and overall reduction in workflow—I’m now forced to grapple with “what’s next!?” + +First, I’d like to thank this community for the thoughtful and motivating threads/comments that have been a huge component to my family maintaining the FatFIRE course. The result of this focus and hard work is certainly a critical component to our current “safety net” which is now oh-so important! + +Second, apologies for my current gloomy outlook on my professional career, but I would love to hear from those who were in Big Law and forced out on how they managed their exits and professional careers post-big law. How did you find your new path that, presumably, still enables you to maintain a path to fatFIRE!? Relocate? Pause 401k contributions? Created liquidity in your Roth IRA (just in case)? + +In particular, I’d love to here from those who have kids and who are NOT in major metro markets where high paying jobs are (IMO) more prevalent. + +[Sry for grammatical errors; on a phone.] +Hello everybody, + +When it comes to investing, it’s always best to build a balanced portfolio. Are you looking for growth stocks, dividend stocks or innovation disruptive stocks. + +What’s your top 5 long term stocks to buy and hold for the next decade? + +EDIT: Also tell me your reasoning for your 5 stocks, that you would hold for the next 10 years. + +**For example AAPL has been up 1,000% within the past 10 years.** +Seriously. This would simplify custom gaming computers for the masses. I know building a computer is easy. Its also expensive and so many dont want to mess with it and mess it up. Itd give relevance to their physical locations, on top of other plans they have that im sure will. +Pick your case. +Your rgb lights lol +Cpu +Gpu +All dat. +Can we interest you in a 144hz monitor to match that nvidia gtx XXXX? 100 off when you build a puter or buy all the parts here. + +The physical locations can double as online custom pc assembly fulfillmemt centers. +Make it a choice between 5%-10% off the whole order or free assembly if you order the entirety of your parts in one order. +I am a virgin to investing, I am sure many people are in the same boat. I saw the post on "The Best documentary on investing I have ever seen" and was hoping it would be a great way to dip into the investing world. Then I read the comments. Almost all of them saying it was bull. + +So, I am interested in learning more, but I don't want to learn the wrong way or get excited about someone's luck of the draw and invest badly. Is there anything me and my family should watch (movie or documentary) that would give us a introduction to investing and where to put our money? +It's a scary email to send so if we had a template we could follow I would feel a lot more confident. Has anyone found something like that around? + + +Edit: it seems the answer was stupidly obvious! Contact your local tenancy association. They'll likely have one for you. Thanks u/osnor_irhamik +I'll be honest...these inevitable posts about Apes acting like jackasses pisses me off. I was at last year's shareholder's meeting and the vibe was great. It wasn't full of embarrassing moments or humiliation. It was filled with respectful apes that came to hear info about and support a company we love. Sure there were some forum sliding people that purposely misinterpreted situations and flat out lied to make it seem like it was some orgy of stupidity. + +In reality it was quite the opposite. The mod area across the street was kinda dumb but everyone was respectful and nice...as were everyone from corporate. They were happy to see us as much as we were happy to be there. Apes handled it beautifully. + +Any "partying" or whatever was done after when we all went to this bar and grill that was rented out. That's were I also happened to meet the love of my life there where we are now living together and couldn't be happier. + +I wasn't going to go again but seeing these shitty post trying to paint us in a bad light or that we can't be adults made me want to go again...so I am. + +Since we are individual investors then why are you worried about a group of other individuals misrepresenting you? +If you wanna go to the shareholder's meeting then go. It's a great time and you will be surrounded by great people...JUST LIKE LAST YEAR. + +Buy if you can. DRS. Hodl. Dance if you want. + +We're going mooning and hedges r fuk!! +Hey all, while getting through some ICOs in order to put my money in I stumbled across The Acorn Collective (https://aco.ai/). They seem to be a solid project but I need your feedback as well in case I missed any red flags. + + +Here's what I managed to put together about The Acorn Collective: + +* promote crowdfunding in developing countries. Projects in these countries are, unfortunately, discriminated against when it comes to funding; + +* being listed on crowdfunding platforms is close to impossible for most projects, even if they have a great potential for success; + +* provide all the services that a startup needs (for a cost). These include legal assistance, marketing, technical assistance, manufacturing, accounting etc.; + +* very attractive to startups and backers because of the "0 fees" policy; thanks to a revenue generation mechanism, Acorn pledges to offer basic services for free, while other special features will come for an extra cost; + +* a consistent part of the funds raised are going to the "Project incentives fund", that offers different kinds of incentives for founders and backers and will encourage the fast adoption of the platform; + +* token growth and stability mechanisms, which assures the best measures are taken to protect the stability and development of the project, as well as the best interest of the token holders; + +* 80% of the tokens go to contributors, which is a lot (most projects offer 30-50% tokens to contributors); + +* 135 founders already registered their projects on the platform; + +* high target ($50 mil); given the funds usage plan, I think it's reasonable because this makes the "0 fees" part possible, since most of the raised funds are used for medium/long term sustainability of the project; + +* already raised over $2 mil in the pre-sale, with 4 days left. + + +I feel like we should support this type of projects but I know the success of token depends on the strength of the community, so what's your opinion on this project? Please don't spam! +Hi everyone, now there is a huge number of tokens on the market, ranging from very fundamental serious projects to memcoins. I would like to know your opinion on what tokens should be in each investment portfolio, that is, a list of tokens that everyone should hold. + +For example, my investment portfolio consists of the most fundamental tokens on the market: it includes ETH, BTC, SOL, NEAR, DOT, MATIC. Every time I work on this list, and add new tokens there, what should I add next time? +My guess is quite a few less. + +I sure as heck would not have. + +When else do Americans open bank accounts or other accounts in Japan? Almost never. + +So really we can say that, suppose a fifth of the assets would have been in the US we can say that the regulators actions directly cost people $100 million. + +This is called the law of unintended consequences and is a certainty in regulation. + +Not all, but some blame rests firmly on the shoulders of Ben Lawsky and others who made it so people had no choice but to go to Japan to buy the product and service they wanted. + + +EDIT: I am only saying this to show unintended consequences of regulation...that is all. Obviously it's not the fault of regulators people lost money....what I mean is that some responsibility is due because of the unintended consequences of their actions. + +**Fully automated 12% BNB redistribution token on BSC. 🤯 we have now reached over 3150+ BNB paid in dividends to holders! all in JUST 36 hours.** + +🔑 Achievements so far: + +* A whooping 3193 BNB paid to our holders automatically (3525 holders currently) Every 30 minutes, you get paid in BNB 🔄 +* Successful Pre-sale with +* [Coingecko Listed](https://www.coingecko.com/en/coins/astrokitty) +* A large international community include a Chinese BTOK group boosting over 800 members +* 3 Million! Marketcap, 3500+ Holders and 4500+ Tg Members +* [V1 dapp Dashboard](https://testing2.astrokitties.app/) +* Poocoin adverts running! + +🔜 Coming up! + +* 📣 Voice Chat AMA TODAY on TG at 6 pm UTC!We are in talks with SSB for Text-based AMA too on TG. +* V2 dApp + +\*CMC listing + +\*Auto reinvest in dApp + +* &#x200B; + +📄 CONTRACT ADDRESS: 0x41536dab3bf116d6383b93167d8f36949f2e5278 + +💻 LINKS + +[🥞Buy](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x41536dab3bf116d6383b93167d8f36949f2e5278) + +[Website](https://astrokitties.io/) + +[White Paper and Tokenomics](https://www.notion.so/Astrokitties-Whitepaper-5d6e3aa5bb0a4ea49c58dbc9e0b83bae) + +👥 COMMUNITY & SOCIALS + +[Telegram](https://t.me/astrokitties) + +[Twitter](https://twitter.com/astrokittiesio) + (If you haven’t read the first update, you can find it [here](https://www.reddit.com/r/Superstonk/comments/wbjguv/someone_asked_for_an_update_on_the_bcg_lawsuit/?utm_source=share&utm_medium=web2x&context=3)) + +&#x200B; + +TLDR: Since the past update, GameStop has filed two pertinent documents--another Motion to Dismiss (“MtD”) and its reply brief to its Motion to Transfer Venue (“MTV”). + +**Motion to Dismiss.** After GameStop filed its first MtD on June 10, 2022, BCG [Amended its Complaint](https://acrobat.adobe.com/link/track?uri=urn:aaid:scds:US:83ac0da3-c53d-3c47-aa0b-2ee5eb657f94) (the document that a plaintiff files that contains the legal theories of recovery and includes factual allegations to support such theories). What we are seeing in this case is a very common sequence of events: + +1. A defendant files a MtD alleging that the plaintiff failed to state a proper claim for relief. In other words, the defendant argues that even if the court were to take the facts alleged by the plaintiff as true, the case should nevertheless be dismissed because the facts do not support a legally recognized claim. (GameStop first did this on June 22, 2022). +2. If the plaintiff would like, the court will almost always give it a chance to amend its complaint to add or modify the allegations to substantiate a legally recognized claim. (BCG did this on July 1, 2022). +3. If the defendant believes that the amended complaint, if taken as true, still fails to plead sufficient facts or legal allegations, the defendant can then file another MtD. (We are here because [GameStop filed another MtD on August 15, 2022](https://acrobat.adobe.com/link/track?uri=urn:aaid:scds:US:620adb62-505f-3d54-a440-bb67e92df8be). +4. It would then be up to the plaintiff to request leave to amend its complaint again if necessary and/or respond to the MtD with the hopes that the court does not dismiss the case. (BCG’s response to the MtD is due on August 29, 2022.) + +One thing that is somewhat odd (and this may just be a difference from the local rules I am used to) is that BCG never filed an actual response to GameStop’s first MtD and there is no ruling on file denying the motion. As I mentioned in my last post, this may have been because the Court decided to defer the issue until the MtV is ruled upon, but now it looks like there may have been an oral order to allow BCG to amend its complaint, and then GameStop could then file another MtD if it contends that BCG still failed to plead a proper claim. Regardless, I do not expect that we will get a ruling on the first motion as it is now moot because of the filing of an updated motion that addresses the amended complaint. + +**Motion to Transfer Venue.** GameStop is continuing its push to get the case transferred to Texas. On August 15, 2022, GameStop filed [its reply](https://acrobat.adobe.com/link/track?uri=urn:aaid:scds:US:620adb62-505f-3d54-a440-bb67e92df8be) to BCG’s response. The Court will hear argument on the MTV on September 12, 2022, unless it decides to rule on the motion without argument before then. + +\---------- + +That is all for now, but I will keep an eye on this case and will update periodically. + +DRS! +The dominant argument against increasing the blocksize limit is that it will increase the cost of running a full node and thus reduce decentralization. The magnitude of the increase appears to be considered irrelevant. Gavin has [shown](http://gavinandresen.ninja/does-more-transactions-necessarily-mean-more-centralized) that the cost of running a 20MB full node should be $5-$10, which is effectively unchanged from the cost of running a 1MB full node, and I have not seen these numbers being disputed. The line of thinking appears to be that ANY increase in centralization is bad enough to outweigh any scaling benefits of a larger blocksize. Consistent with this view, we have not seen any counterproposal for a smaller or more gradual increase in block size garner any support. Compromise appears impossible. + +Given this, it seems only reasonable to expect these same people to support a reduction in blocksize. Surely if ANY increase in centralization outweighs the scaling benefits of going beyond 1MB then ANY decrease in centralization that results from a smaller max block size would outweigh the impact on maximum transaction volume. + +If you find yourself opposed to both an increase and a decrease, then you either: + +* Believe there is something magical about 1MB. + +* Are suffering from [status quo bias](http://en.wikipedia.org/wiki/Status_quo_bias) + +If the counterargument is "If it ain't broken don't fix it.", let me just point out that while there are a number of well reasoned [arguments](https://medium.com/@allenpiscitello/there-is-no-crisis-20b58e14b09c) for why continually hitting the blocksize limit will not be a crisis, no-one with any credibility claims that the ecosystem split between Core and XT won't be harmful (at least in the short term). + +So we have a strong incentive to come to an agreement and need good reasons to head into a civil war. Inertia is not a good reason. Decentralization may be a good reason, but if that is your reason, you should be pushing for a block size decrease. The fact that I see no one doing this makes me wonder how internally consistent the argument against the increase is. +I think Trump is threatening a trade war because he knows that threats in a jumpy market push the market down, which may influence the Fed to start buying assets again, or halt their pace of raising fed rates. +Yellen was talking about four rate hikes, and he got her to step down. +Powell is talking four hikes, but I don't think he will for long, because Trump likely believes that the market / the economy needs to run a little hotter. +In addition, I think the threat of the trade war is meant to put the Chinese on the back foot and diminish the impact they will have with North Korea. +You will note, possibly, that the CIA and the state department have already started secret talks with the NKers. +South Korea was once threatened with tariffs, and Trump backed off. +I think if yo have cash on the side right now, let's see how much this market will crash, and then if it bottoms, AND the fed rolls back a rate hike, you know the bull run is on. +I think the market makers are now conspiring with trump. They are like, "okay, i got you. sell." +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[CACU / CACI INTERNATIONAL INC /DE/](https://fintel.io/n/us/cacu)|1|33|| +[OSPR / Osprey Energy Acquisition Corp.](https://fintel.io/n/us/ospr)|4|1,555,000|10|15,550,000 +[AVEO / AVEO Pharmaceuticals, Inc.](https://fintel.io/n/us/aveo)|10|6,637,160|2|14,999,982 +[PTLA / Portola Pharmaceuticals, Inc.](https://fintel.io/n/us/ptla)|3|390,000|26|10,077,387 +[TZACU / Tenzing Acquisition Corp.](https://fintel.io/n/us/tzacu)|3|930,000|10|9,300,000 +[SRUN / Silver Run Acquisition Corp II](https://fintel.io/n/us/srun)|2|2,019,000|4|8,751,790 +[MIC / Macquarie Infrastructure Company LLC](https://fintel.io/n/us/mic)|4|82,100|46|3,792,530 +[RNET / RigNet, Inc.](https://fintel.io/n/us/rnet)|6|175,906|15|2,622,463 +[FTSV / Forty Seven, Inc.](https://fintel.io/n/us/ftsv)|6|166,858|15|2,515,424 +[RDUS / Radius Health, Inc.](https://fintel.io/n/us/rdus)|1|60,000|20|1,178,808 +[EVOK / Evoke Pharma, Inc.](https://fintel.io/n/us/evok)|3|500,000|2|1,175,000 +[REED / Reeds, Inc.](https://fintel.io/n/us/reed)|7|414,477|2|1,033,993 +[TLLP / TESORO LOGISTICS LP](https://fintel.io/n/us/tllp)|2|19,512|50|974,463 +[GFN / General Finance Corp.](https://fintel.io/n/us/gfn)|6|64,500|14|895,800 +[LGCY / Legacy Reserves LP](https://fintel.io/n/us/lgcy)|4|168,654|5|853,500 +[RUN / Sunrun Inc.](https://fintel.io/n/us/run)|1|52,960|13|705,883 +[KDP / Keurig Dr Pepper Inc.](https://fintel.io/n/us/kdp)|1|21,400|23|501,402 +[CORT / Corcept Therapeutics, Inc.](https://fintel.io/n/us/cort)|1|35,681|13|461,095 +[TSRI / TSR, Inc.](https://fintel.io/n/us/tsri)|3|55,680|8|432,358 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[WMT / Walmart, Inc.](https://fintel.io/n/us/wmt)|16|-9,266,070|96|-886,233,807 +[SAIL / SailPoint Technologies Holdings](https://fintel.io/n/us/sail)|4|-15,934,500|29|-434,592,512 +[H / Hyatt Hotels Corp.](https://fintel.io/n/us/h)|10|-1,960,326|79|-154,397,628 +[ADUS / Addus HomeCare Corp](https://fintel.io/n/us/adus)|2|-2,049,466|59|-120,918,494 +[GRMN / Garmin Ltd.](https://fintel.io/n/us/grmn)|5|-1,277,234|65|-83,097,204 +[RCII / Rent-A-Center, Inc.](https://fintel.io/n/us/rcii)|4|-4,450,000|15|-65,281,500 +[AYX / Alteryx Inc.](https://fintel.io/n/us/ayx)|58|-992,720|55|-54,255,794 +[BKI / Black Knight, Inc.](https://fintel.io/n/us/bki)|1|-977,000|52|-50,491,360 +[NFLX / Netflix, Inc.](https://fintel.io/n/us/nflx)|21|-78,672|321|-25,403,095 +[HALO / Halozyme Therapeutics, Inc.](https://fintel.io/n/us/halo)|6|-1,194,462|18|-21,085,138 +[LLY / Eli Lilly &amp; Co.](https://fintel.io/n/us/lly)|1|-195,000|106|-20,647,575 +[COP / ConocoPhillips](https://fintel.io/n/us/cop)|3|-269,496|72|-19,426,664 +[USNA / USANA Health Sciences, Inc.](https://fintel.io/n/us/usna)|2|-120,000|131|-15,762,000 +[IDXX / IDEXX Laboratories, Inc.](https://fintel.io/n/us/idxx)|10|-58,903|244|-14,401,803 +[MDT / Medtronic plc](https://fintel.io/n/us/mdt)|2|-148,762|96|-14,207,899 +[TPIC / TPI Composites, Inc.](https://fintel.io/n/us/tpic)|10|-468,514|28|-13,009,442 +[BX / Blackstone Group L.P. (The)](https://fintel.io/n/us/bx)|1|-327,837|37|-12,084,072 +[POOL / Pool Corp.](https://fintel.io/n/us/pool)|9|-55,000|162|-8,892,587 +[ORLY / O&#x27;Reilly Automotive, Inc.](https://fintel.io/n/us/orly)|4|-25,400|331|-8,389,108 +[NOW / ServiceNow, Inc.](https://fintel.io/n/us/now)|4|-42,541|182|-7,743,277 +[CTRL / Control4 Corp](https://fintel.io/n/us/ctrl)|9|-224,778|33|-7,635,065 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +Found this great article on the future of the Helium Gas market: + +https://www.marketwatch.com/press-release/helium-gas-market-2021-covid-19-future-growth-expansion-by-manufacture-trending-technologies-sales-gross-margin-comprehensive-research-report-analysis-till-2027-2021-08-13 + +This article details a study and analysis of the Global Helium Gas market offers the latest trends in industry by providing detailed investigation of the historical records and current statistics, + +This report shows that the Helium sector is anticipated to grow over the next 5 years. + +My helium pick is First Helium Inc. ( $HELI.V) which closed in the green today ( up 2.3%) at $0.225 + +An independent report confirmed that this company was $0.23/share so now is a great time to jump in (more info on this report here: https://ceo.ca/heli?84be1306fc04 ) + +$HELI 's MC is currently $14.76M + +What are y'alls helium picks? Anyone else as optimistic about this sector as I am? +Hi, + +I've invested a significant amount of my portfolio in $NTE (Network Media Group) last week. I believe this company is significantly undervalued. Since I invested last week, the price is pretty much stable (even dropped a little with last week's red wave). Is there anybody here with some knowledge in the business that could tell me if I'm missing something?? + +Here's some of the info I've gathered to start: + +\- Network Media group makes documentaries/movies. Revenues can vary depending on new film releases, however they own the copyrights to their movies so they keep having recurring profit over time on the long run since their collection keeps on growing. Although they're a small production company, they managed to secure many LEO awards and nominations in the past for their movies, including awards recently in 2020 (5 LEO Awards for ''Punk'' and ''The age of A.I.'', 12 nominations for ''Punk'', ''the age of A.I.'', ''I am Patrick Swayze'', ''I am Richard Pryor''). They also seem pretty active on new productions, they've reported 13mil backlog in Q3 2020 and they have 4 documentaries and 2 television series in production/pre-production. + +\- Basics: They are a microcap (12mil market cap). Price right now varies from 0,15$ to 0,18$. Total shares outstanding=74mil. + +\- Revenues: They grew their earnings massively in end 2019/2020 even with COVID. At last earnings quarter, they've reported revenues of $1,014,522 (compared to $787,694 in 2019) and net Income of $106,322 (compared to net loss of $324,353 in 2019). For the 9months 2020: Revenues of $7,958,655 ($6,411,133 in 2019); net Income of $1,069,585 (2019: $1,543,971). They basically do almost as much in revenues annually as their market cap!! + +\- Insiders have only been buying shares in 2020 and jan 2021 between 0,14 and 0,19$/share. + +\- Debt: Their 1,8mil debt is manageable. With D/E ratio at 21%, it's pretty low and debt/equity has been reduced systematically in the last 5 years. + +\- Value ratios: With a P/E around 8,5 for a growing production company, this is insane (entertainment industry average P/E around 33x). Their P/B at 1,3 is also reasonable. + +Does anyone have some insight on that one?!? Am I missing something there?!? If someone has some insight on why the price stays so low, please enlighten me. + +TLDR; Long $NTE. Solid production company with good contacts, recurring revenues and new film projects brewing, low debt, steady earnings that have been significantly growing since 2019. No news coming up in the next few months so probably a mid/long term play but really undervalued considering it's growth in the last years without a consequent share price rally. Please tell me what you guys think/critics are welcome. +**Background** – my wife and I live in an apartment in Melbourne she bought in 2009. The loan (with ING) has an offset function and factoring in what we have in the offset account ($100K+), we’ve almost paid off the loan. We’re now considering purchasing a slightly larger property to move in to while renting out our current place. I went down the path of getting pre-approval but stopped at a letter of borrowing power from our bank since I wasn’t sure when we’d actually be ready to buy. We also keep a detailed household budget. Based on this we have worked out that we should still conservatively be able to save around $10-15K each year assuming neither of us are impacted from COVID (probably the biggest risk we face, but so far we’ve been fine with nothing obvious on the horizon). + +Turns out we found something really quickly, but as this is the first property I’ve purchased (and I don’t consider myself super financially-literate) I’d feel more comfortable talking to *someone* qualified who could give us some…. advice (e.g. best way to structure our loans), or at least some reassurance that what we’re getting ourselves in to is reasonable. + +**TL;DR** I know soliciting advice in this sub is frowned upon, so my question for AusFinance is: which professional would be most suitable to discuss our financial situation re: 2nd property with - mortgage broker, financial advisor or accountant (or other), and how do we find a reputable one? +TL:DR is it legit to withhold 10% of a specific stage payment to our builder if this stage has not been fully completed? + +We are currently under contract with a builder to build a garage and home office who has now taken off to the NT for a few months and we reckon is close to retiring. There have been massive delays to everything related to this job. + +Recently the cladding and flashing was done that took 6 weeks cos the subcontractor did the job as a sideline on days off and weekends. Now he has gone on holidays as had the builder. The job is not completely finished but we have received the invoice from the builder. There are only minor finishing required including a small job to fix an issue from a prior pergola job that has not been finished in 3 months. + +There are more stages to go so we will have time to get this finishing done. Getting any tradies at the moment is a major problem +Hi everyone, advice much appreciated before we make this huge leap. My wife and baby daughter are thinking of accepting a job offer in Sydney. The pay would be ~120k AUS, my wife wouldn't be working for the first few months as we find childcare. I've been trying to make a budget from available info on the internet. It looks like rent is astronomical, but otherwise things aren't massively more expensive than back home (UK). Do people think this gross income is enough to support two adults and a baby, taking into account rent being 600-700/week. Would anyone have advice of where to live that is commutable to North Shore area? + +Any advice much appreciated! +Have no debt on ppor but also haven't built up any other assets other than my super other than some side cash I've been dabbling with in the markets from time to time short trading (nothing material) + +Am in a unique scenario where if I borrow circa 300k to expand the size of my house I'll get around 500k in value uplift based on properties in my suburb + +Current property value is around 900k-1m + +If I spend 300k it will be worth about 1.5m + +It would go from a 3 bed 2 bath 1 office to a 5 bed 3 bath 1 office + +The change would be adding a storey though the additional floor would be smaller sqm than the base floor + + +Alternatively I could borrow and put the money in the market + +I don't want to buy an investment property so that option is out + + +Pros of ppor expansion option: + +1) tax free gain to net wealth +2) ppor exempt from assets test so doesn't affect my access to aged pension down the road + +Cons of ppor expansion: + +1) interest cost is not tax deductible +2) longer term more maintenance costs + +Pros of borrow to invest option + +1) tax deductible interest +2) potentially better longer term returns + +Cons of borrow to invest option + +1) I think markets are still overvalued, although I think its getting close to fair value with all the recent drops + +Risks + +1) Ppor expansion option: expansion costs more than 300k. I have done some initial research and apparently $3,000 per sqm for a additional storey is towards the high end so i feel its a reasonable assumption (100sqm additional floor) + +Any builders on this sub care to comment ? +I’m a 24 y/o student with $14k saved up. I’m looking to build my portfolio and will put a partial of my account into etfs and indexes. If you had to pick a growth stock for the next decade, which one would you pick and why? + +**EDIT: So I went with SE QQQJ ARKK ARKG LIT THNQ SMH ICLN. Thanks for your responses everyone!! +For any doubters: + +- There is a ton of corporate and investor interest. Way more than in early 2021 when we first hit 30k. NYDIG has 1 billion investment. Strike new payment infra, Square new wallet, Lightning stuff. That Fb guy starting a new company (the guy who was at PayPal, then did the shitcoin Libra but now making a BTC/Lightning startup) + +- We literally had 44 countries meet together to discuss BTC recently. + +- BTC supply will definitively grow more slowly than gold the next halving + +- All bear markets end and money printing brings them back. For Dow, S&P, and BTC. +Apple has a market cap of around $900 billion United States dollars. Cryptocurrencies have a market cap of around $200 billion United States dollars. Governments need to go after the big fish before the little fish. They should be more concerned about Apple's tax avoidance; price gouging; and labour practices. + +[Edit *(Evasion)*: The post should say tax avoidance, not tax evasion, as kindly pointed out by a Redditor] + +[Edit *(Apple)*: Apple was only chosen because it has the largest market cap. The main point here is about proportionality, not Apple per se. Large companies 'misbehave' and govts turn a blind eye. The entire cryptocurrency market - fraction of the size of a major corporation - faces near continual harassment and disproportionate govt reactions]. + +[Edit *(EU Case)*: Apple is indeed being targeted by the EU. Apple is not being banned. Apple is not being restricted. Apple is not being subjected to excessive bureaucratic requirements. Laws are not being instantly changed to stop Apple in future. We cannot say the same for cryptocurrency. The EU's case with Apple is nothing more than political grandstanding. There is little chance that $15billion will ever be paid or demanded in full. The case will likely continue for years so that the EU can make their point. Nothing consequential is likely to come of it]. + +[Edit *(Tax)*: Indeed, many investors in the cryptocurrency industry do not pay tax. Many (not all) governments and regulators have yet to clarify their positions on the legal status of coins and tokens. They have yet to clarify if they are currencies, assets, commodities, or some hybrid. They have yet to construct accounting standards. If a tax accountant cannot explain/define the tax implications of cryptocurrency investment, they cannot expect individual investors to read their minds and abide by a framework which does not yet exist]. + +[Edit *(Populism)*: Someone made a comment about this sub-Reddit becoming like soap opera. This made me laugh. I did not expect this post to reach the top of the Bitcoin sub-Reddit otherwise I would have chosen a better analogy. To those of you who think this is populist, I apologise and sympathise lol]. +Title says it all. For everyone freaking out about the fed meeting today, just remember this isn’t the first time in Bitcoin’ history that this has happen. The last time was in 2015 and went into 2018. During that time period we saw Bitcoin go from $465 to $20,000. + +What you are seeing right now is purely FUD, don’t buy into it. This won’t crush crypto. If anything, it should be a bullish sign for crypto. The fed is finally admitting that inflation is a serious problem. It is no longer transitory and it has run significantly hotter than the Fed projected. + +Also, the news is already baked in. Unless they do something insane, we already know that they are going to likely decrease bond purchases earlier and possibly hike rates earlier. This Fed is very market friendly, always have been. Their biggest fear is shocking the market which I why I believe they will change policy less than people are forecasting. + +If the instructions are unclear, I’ll spell it out for you. Buy. +Disclaimer: I am a pessimist by nature. + +Hey. + +So I have a problem. I made easy gains on stocks this past year, without knowing how to pick stocks or do proper due diligence, without picking meme stocks. + +I basically threw darts at the S&P 500 board, after highlighting certain sectors I felt were going to bounce back. And I made what I perceive to be a shitload of money. + +My thinking is this: if the stock market is the only game left in town, I want to find other games. Because if people are thinking that this is the only game, the game is getting riskier and riskier (i.e. more expensive and more unlikely to produce future gains). + +In the past, investors had options for their money. They could invest in bonds that yielded relatively healthy, risk free returns. Real estate was much cheaper. Education (invest in yourself) was cheaper. + +I believe the options enabled healthier valuations for each class of asset. Now... bonds seem expensive. Real estate seems expensive. Gold seems expensive. Bitcoin seems expensive. Education... really super fucking expensive. And stocks? + +Stocks look like they have priced in 10 years' worth of intrinsic economic growth. + +My question is this... what do we do to secure our futures? If previous generations had access to healthy markets with opportunities for growth, what does the current generation have? Where do we look? Foreign markets? + +What are you guys doing, broadly, to invest in your futures? Are there any other investing 'games' we can play? Bonds, stocks, gold, real estate, formal education all seem to be overpriced. Should we use the easy money policies to start up our own businesses? What is the play here? +Though it's "only" been 5 months since I posted my DD [From fake shares to millionaires](https://www.reddit.com/r/GME/comments/mmo9kw/from_fake_shares_to_millionaires_common/), it feels like a lifetime ago. If you haven't read it, or can't remember, don't worry. It was about dispelling some common misconceptions, and more importantly, to present my theory for the best exit strategy. It gained a lot of attention back then, and all apes agreed that *selling slowly on the way down* was indeed the way to go. + +Since then, I've gotten numerous requests to repost it, especially the exit strategy part, but since many wrinkles have grown since I wrote it, I've always said that it needs an update first, and I just haven't found the time or motivation to do so, UNTIL NOW. DRS gives us a whole new angle, and requires us all to rethink our strategy. + +This time around, I'll even give you a TLDR! 🥳 + +## TLDR: + +* Forget what I wrote about fake shares 5 months ago, I was naïve. +* If you still believe, like I did back then, that the system is even *close* to fair and well regulated, you are naïve. +* If you believe that your broker holds a real share for every share in your account, you are naïve. +* If you believe that the shares you hold in a cash account with a broker are not lent out to short sellers, you are naïve. +* If you believe the SEC is going to do their job anytime soon? You guessed it; YOU ARE NAÏVE! + +**Directly register your shares!** + +* DRS'ing your shares is the only way to make sure you're actually getting real shares. +* DRS is **the key** for MOASS, not (just) for triggering it, but to make it the true Mother Of All Short Squeezes. +* My theory is that apes will collectively AND individually maximize their profits if they collectively aim to directly register as many shares as possible, and hold on to them for as long as possible, AND hold on to the remaining shares until the price is right! +* No ape should register ALL theirs shares, just MOST of them. +* No ape should DRS any shares they plan to sell before the squeeze is over (not because of that 1M cap, but to keep the squeeze going for as long as possible) +* At least sell all your (most likely synthetic) shares you have at your broker before you even consider selling any directly registered shares. + +**Other than that, pretty much the same guidelines for the MOASS still apply, the most important being:** + +* Don't sell on the way up +* Sell as slowly as possible + +## TADR: + +* Buy, hodl, register = 🦍🚀🌙 + +## 🚀 Where I was wrong + +*Most* of what I wrote in my post 5 months ago, I still believe to be true. BUT you can pretty much *scratch* everything I said about real and fake shares. Although most of it is still *factually* correct, *in theory*, it was wrong of me to assume it was true *in practice*. Back then, I still had at least *some* belief in "the system". I thought the SEC was at least *trying* to do their job. I'll let [Dr. Jim DeCosta and Associates](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) phrase this for me, as it hit close to home: + +>Naïve investors assume that the SEC has created a "level playing field" on these trading venues. They assume that the regulators are professionals, that they know every dirty trick in the fraudsters' playbook, and could recognize a fraud while it is being perpetrated. These investors really think that they are buying "real" shares from a "real" shareholder, perhaps across the country, with a market maker acting as the middleman. + +(Thanks to u/goldielips for [posting the link to this](https://www.reddit.com/r/Superstonk/comments/pqerdx/the_hands_down_best_argument_for_why_drs_is_legit/) earlier today.) + +Five months ago, I was indeed a "naïve investor", I think most of us were, but after all we've seen and learned since then, what I wrote back then indeed seems quite naïve now. What we have learned is beautifully summarized by another gem from Dr. Jim DeCosta et al: + +>In a nutshell, the current system for clearance, settlement, and delivery in place at the DTCC allow fraudsters to sell nonexistent entities for literally billions of dollars. The Automated Stock Borrow Program at the DTCC converts these nonexistent entities outside the DTCC into "Counterfeit Electronic Book Entries" (CEBEs) inside the DTCC via "the borrow" which creates "good delivery" which, in turn, allows the trade to "clear and settle" (C and S). C and S allows the DTCC to earn fees, its participants to earn commissions, and its participating market makers to earn "mark-ups". The CEBEs can then be sold to anybody because they are commingled with real shares and **until all real shares have been removed from the DTCC via share registration programs** any sale is PRESUMED to be that of a real share. + +Now, as the wrinkly-brained, well-informed ape you are, you're probably thinking: *"So, what's new?"* + +Well, the **mind-blowing** part is that this was [submitted to the SEC](https://www.sec.gov/rules/proposed/s72303.shtml) **on January 22, 2004**, in response to the then *proposed* [Regulation SHO](https://www.investopedia.com/terms/r/regsho.asp), which was implemented in 2005 to address this problem! + +Let that sink in. + +Seriously! + +**This was submitted to the SEC more than 17 years ago, and NOTHING has changed!** + +In fact, dr. DeCosta basically says nothing has changed since 1934: + +>What is really troublesome to the legal community is the fact that the SEC already has in its possession the power and the mandate to address these naked short-selling problems. The 1934 Securities Exchange Act gave it to them. + +Reg SHO from 2005 and the 2010 amendment after the financial crisis were supposed to (finally) eliminate naked short selling, so how can it be that Dr. Jim DeCosta et al describe EXACTLY what we're experiencing TODAY?! They describe in detail pretty much EVERYTHING we have uncovered in the last 9 months about naked short selling and synthetic shares, and more! + +Just look: + +>\[Securities that\] are the most susceptible to short selling frauds, do not have a high percentage of shares that are "lendable" since most of these shares are non-marginable. In naked short selling, this, the most important intrinsic governing mechanism is gone by the wayside. This fact, in conjunction with the DTCC's allowance of a "real" share to be loaned out in more than one direction at any given time, accounts for the reason we find "open positions" or accumulated fails to deliver or loans made to mask these fails in excess of 300 and 400% during the discovery phase of naked short selling civil cases. + +And here: + +>Once into the DTCC all shares, real and fake, are conveniently held in an anonymous pooled format which camouflages the existence of the fake shares. The real and fake shares then play a gigantic game of "musical chairs" at the DTCC, circling around chairs the number of which match the number of "real" shares only. But since the music never stops at the DTCC, i.e., no periodic aging and quantification analyses of failed deliveries and loans made to mask failed deliveries, the fraud goes on undetected and the shareholders never do figure out if they bought real or fake shares. + +Another gem: + +>The fiduciary duty of care owed to the client/investor seems to disappear as the shares purchased head into the DTCC where they are held in an anonymous "pooled" format. + +Damn... Need I even say more? And I could go on, giving you quote after quote. If you don't believe me, just read the damn thing yourself! Here's the link again: [https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +^(\(Now, as a fellow ape, I don't expect many of you to be bothered to actually read the whole thing, just because I happened to serve you the link, and quote it a lot. After all, it's quite long even by non-ape standards. But it is also quite readable, and I can assure you it's going to blow your mind, and be worth every single minute you spend reading it.\)) + +At this point, I think we can all agree that: + +* The US securities market is *NOT* a "level playing field". +* The SEC are *NOT* doing their job, they haven't done sh\*t in the last 17 years, and it was *NOT* a new problem back then! +* If the regulators *are* professionals, know every dirty trick, and can recognize a fraud, they are *NOT* doing anything about it. (Kind of makes me hope they are as naïve as me, otherwise, the implications are quite severe *\*cough\* prison \*cough\**.) +* We are *NOT* getting real shares, even though we pay for them. + +## 🚀 What I missed + +I might have been too naïve in my DD when it came to fake shares, but my exit strategy and reasoning behind it was, dare I humbly say, SPOT ON! (Please remember I wrote this when pretty much nobody had heard about "the infinity pool" and "selling on the way down".) + +There's just **one detail** I didn't know about back then: + +## DRS! + +For a long time now, we've been telling ourselves, "Sooner or later, they'll have to close, and they'll have to buy back all our shares. We just need a trigger!" We have known all the time that we were just missing one thing: **The actual demand for our shares!** + +Well, as it turns out, most of our shares are probably fake, and their supply of fake shares is all but limitless, so why should they even want *our* fake shares? The simple answer is, they don't. They will never buy them, unless they are forced to. And by now, I'm convinced that **the only way to force them is to deprive them of all real shares.** And this is *exactly* what DRS gives us the opportunity to do! + +The continuation of the first quote I gave you in this post is: + +>\[Naïve investors\] see no need to ask for the delivery of their certificated shares to prevent fraud. In fact, corrupt broker/dealers will attempt to talk their clients out of demanding certificates and/or make it cost prohibitive to do so. + +And don't forget the last part of the second quote: + +>The \[fake shares\] can then be sold to anybody because they are commingled with real shares and **until all real shares have been removed from the DTCC via share registration programs** any sale is PRESUMED to be that of a real share. + +Oh, Jim, we have been naïve, but now we know! + +So, without further ado, I present to you: + +## 🚀 My (updated) theory for the best exit strategy - DRS edition + +One of my favorite movie scenes is from "A Beautiful Mind" when John Nash (Russel Crowe) realizes that "the best result will come from everyone in the group doing what's best for themselves AND for the group". This "Equilibrium Game Theory" is highly relevant here. + +If all apes acted to maximize the gains only for themselves, everyone would just try to sell before everyone else, because in the end, the \~75M real shares don't need to be bought back, and nobody would want to be left bagholding any of those. The result would be that this would end up as the puniest short squeeze ever, and nobody would get any real tendies. + +On the other hand, if nobody thought of themselves, everybody would try to directly register all their shares, and never sell any of them, but keep hodling to make sure this becomes an infinite squeeze. (I say "try", since no more than the number of shares outstanding may ever be directly registered, so given that apes own more than the float, it would be impossible for *all* apes to do so.) Even if this would become the biggest squeeze ever, the true MOASS, the apes with all their shares directly registered wouldn't get any tendies at all, since they never sold any. + +The point is, **if apes want max tendies, apes need to find the middle ground between looking out for themselves, and looking out for the group.** + +But how is this achieved? + +### 💎💎💎 My theory is that apes collectively AND individually will maximize their profits if they aim to get as many shares as possible directly registered by apes, and hold on to them for as long as possible, AND hold on to the remaining shares until the price is right! 💎💎💎 + +If all shares were DRS'ed, any shares apes would have left in "street name" (with a regular broker) would need to be fake, which means that as long as apes would have any shares left with a broker, **the squeeze would not be over!** It would truly be an infinite squeeze, and every ape could in theory simply name *whatever* price they wanted, even for a single share, so there should be no need to keep more than one share with a broker. (Why sell 10 shares for 500M, when you can sell just one for the same price?) + +Now, this is the ideal scenario, and no ape should *expect* the ideal to occur. In fact, I believe it is very likely that the rocket may launch long before all shares are DRS'ed. It may be enough to limit the supply for DTCC to some extent, or maybe they will see where this is headed, and realize they have a better chance of getting their hands on real shares at a "reasonable" price while they still have at least a few of them left to manipulate? All this means for apes is that we need to stay cautious and determined, as the Shits will desperately be throwing all of their dirtiest tricks at us, and the FUD campaigns will be like nothing we've ever seen before. + +## 🚀 Don't register ALL your shares! + +This may sound counter-intuitive, given that I *just* underlined the importance of apes getting as many shares as possible DRS'ed. But after thinking about this for quite some time now, and having had quite a few discussions with fellow apes on the subject, I've finally arrived at the conclusion that apes *collectively* are actually best served if nobody registers *ALL* their shares. + +## Forget about any possible $ limit for orders with ComputerShare! + +That's not the reason! The reason is simply that all apes should get their tendies, but no ape should sell DRS'ed shares! This means that no ape should DRS a share they might even *consider* selling before the squeeze is over. + +I've seen quite a few apes saying they will never sell a single share, and hold forever just to "f\*ck the hedgies," but how can you resist the temptation of selling "just one tiny, little share" for life-changing money? I mean, one little share can't hurt, can it? Or just 2? or 5? After all, there are, what, 75M shares out there, who will even notice? *AS IF* you'll be the only ape having these thoughts! When thousands of apes cave in even just a little, and release real shares back to the market, it will relieve the squeeze, and hurt every ape in the process. Just DON'T. It's MUCH better for all apes if you keep one or two, or X shares with a broker, which you may consider selling *when the price is right for you*. + +On the other hand, don't keep too many shares with your broker! As I said, in theory, it should be enough to leave just *one* with your broker, but that would definitely require some diamond balls, and I understand very well if that feels too risky for the common ape. In the end, as always, it's up to *you* what you decide for *your* shares. Just keep in mind that the more you register, the more you contribute to the squeeze, which in turn contributes to the return you'll get on your remaining shares, and the shares of all other apes. (Personally, I'm thinking I'll try to DRS at least 90% of my xxx shares.) + +Finally, I'd like to say there's no hurry! We have finally found "a sure thing", and it has no deadline. Like most apes, I have been trained to reject anything that is presented as urgent, and I was really skeptical towards ComputerShare and DRS the first few times I read about them, partly because it was presented as something urgent, with just a hint of FOMO. It's not urgent, and no ape will miss out of anything if they don't DRS their shares. But I believe our goal *should* be to DRS every single real share in existence, and this may require most of us to pitch in. If all apes are sitting on the fence, just waiting for "all the other apes" to do the job, we won't register the entire float, no matter how many times over we own it. It won't be too late, just too little. It's never too late to get your ass off that fence, and the sooner you do so, the sooner you will find it in a seat inside a rocket heading for the stars. + +## 🚀 Yes, yes, but what about that nasty 1M cap for ComputerShare orders? + +Didn't I tell you to forget it? (Edit: According to [this post](https://www.reddit.com/r/GME/comments/pq959e/gamestop_computershare_update_1_gamestop_is_in/), it’s even been debunked.) I'm telling you nobody should sell any DRS'ed shares before it's all over! *\*Sigh\** Fine! Since this still worries a lot of you, and is even preventing some of you from DRS'ing your shares, I'll say a few words about it anyway... + +First you need to know that it's illegal for any broker to execute trades outside of the [National Best Bid and Offer (NBBO)](https://www.investopedia.com/terms/n/nbbo.asp) during regular trading hours: + +>The Securities Exchange Commission's (SEC) Regulation NMS requires brokers to trade at the best available ask and bid price when buying and selling securities for customers and guarantee at least the NBBO quoted price to its customers at the time of a trade. + +This is a regulation that is actually strictly enforced. So if there's a bid at 50M, it's *illegal* for any broker (including whatever broker CS employs to execute trades) to sell your share for you at 1M. (And what incentive would they have to do so anyway?) + +Second, the $1M cap is not about what they are "able to process", or what they will actually get you for your share, they just won't allow you to place a limit order online for a higher amount. They have reassured many of us that no matter the current NBBO, we'll still be able to place limit orders at $1M (or market orders), and that the order will be executed at the current best bid. + +Now, suppose GME at some point is trading somewhat steadily with a bid around 50M. Even if I place a limit order at 1M, I can expect my order to be filled at around 50M, as the order will be filled at the best bid. The WORST CASE scenario is that, at the exact time I place the order, the best bid suddenly drops to 1M, and my order is filled at that price. But even then, if I repeat this X times for a single share at a time, I’m guaranteed to end up with at least X million, which is still a HUGE amount of money for me, and the *expected* return would be close to 50\*X million. So in my opinion, given that you shouldn't plan to sell any DRS'ed shares anyway, that 1M cap is hardly an issue... (For a market order, the worst case scenario is in theory $0.0001 per share, just saying.) + +## 🚀 Guidelines for MOASS + +As I mentioned, we shouldn't *expect* the ideal scenario, where apes hold all shares DRS'ed, and can name their price for the remaining shares. The rocket may launch before all shares are DRS'ed, and even if all shares are DRS'ed, we can't really trust every holder of a DRS'ed share to diamond hand. We won't know how many shares are DRS'ed, and we won't know who holds the ones that are. But we DO know that the more and the longer shares are kept off the market (both real and fake), the harder this will squeeze. This leads us to a set of guidelines to maintain the squeeze for as long as possible, and make sure all apes get serious tendies! + +🚀 **Sell all the shares you have at a broker first, before you even consider selling any DRS'ed shares!** + +This should be quite obvious by now. Ideally, no DRS'ed share will be sold by any ape, ever, or at the very least, not until the squeeze is truly over. Selling DRS'ed shares will give real shares back to the DTCC, and the only thing you can trust them to do with them is all kinds of fuckery to shake off apes. + +🚀 **Never sell on the way up!** + +By now, unlike the first time I posted this, this is pretty much generally accepted as one of the most important guidelines to follow during MOASS. For most apes, it will definitely be tempting to start selling off shares quite early to secure some profits, cover the original investment, etc., but don't! Selling on the way up will not only take fuel from the rocket, but if it's not an infinite squeeze, it will ultimately reduce the squeeze, reduce the peak, and in the end reduce your own returns. Every share you sell before the true peak is reached will reduce the peak. **Only start selling when you feel certain that the peak of the squeeze has been reached!** + +You will hate yourself for selling even one share at any lowball number when you see GME trading 10x, 100x, 1000x higher a few days later. And remember, instead of e.g. selling 10 shares at any half-decent number to secure some gains, it is FAR BETTER for both you and for other apes if you sell *one* share when it's trading 10 times higher, and get the same gain but have 9 shares left! With the remaining shares, you can then wait to see if it squeezes even higher after all, or slowly sell on the way down, without causing the price to plummet, which brings us to the next guideline. + +🚀 **Sell as slowly as you can!** + +Once you believe the squeeze has peaked, you should still not sell off your entire position at once. Not only would that ease the squeeze, and contribute to panic selling and a quickly plummeting price, you may also miss out on the true peak. If you sell only a small fraction of your shares at a time (preferably just one at a time), you will help maintain the peak of the squeeze for as long as possible, and help your fellow apes get some tendies as well. + +🚀 **Be prepared for turbulence!** + +The way to the highest peak will not be a straight line if the Shits can help it, and dips are to be expected even after the rocket has launched. Just imagine what it would look like if a major whale decides to cash in at a point. The price would stagnate or even dip significantly, but the squeeze won't be over until the apes say it's over! (At this point, I'm pretty sure the Shits will blatantly ignore every single rule and regulation they are normally bound by, even more than they currently do, and do whatever they can to stay afloat. Or, they may just pack up their bags and go pick up their hidden reservers in the Caymans, and watch from afar as their businesses go boom, who knows. Just stay vigilant, and prepared!) + +🚀 **Believe in the MOASS!** + +Lack of faith is what causes paper handing and panic selling. The squeeze is a self-fulfilling prophecy. You decide when to stop squeezing using your shares! + +🚀 **Trust your fellow apes!** + +Apes together strong! In the end, squeezing those Shits is a collective effort, and the peak of the squeeze will be determined by the collective effort of all apes. If you trust that your fellow apes are holding, you will hold too! + +🚀 **Don't listen to** ***anyone*** **saying the squeeze is over until it is over!** + +The MSM, and probably even our subs, will be overrun by people telling you to "cash in before it's too late", or anything that will convince you that the squeeze is over, and all other apes are selling. Don't you dare believe them! Stay calm, stick to your plan, and follow the guidelines. This is not over until it's over! + +🚀 **Continue requesting your broker to DRS your shares.** + +Now, this is for you who not only have diamond hands, but also diamond balls. During MOASS, we may expect shares to be released from DRS to DTCC, both because of paper hands, but mostly because of whales who may have DRS'ed their shares, and may sell at a price most apes would consider paper-handy. So if you didn't get most of your shares DRS'ed before the launch, considering your diamond balls, you will call your broker now to request a transfer to ComputerShare. At the very least, this will keep the pressure on your broker, and on DTCC, to deliver real shares, and if you are really lucky, you may even succeed! + +## 🚀 Disclaimer + +Obviously, I'm not telling you what to do with *your* money, and *your* shares, and you're ultimately on your own when it comes to every decision regarding your shares and your money. This post only presents what I *believe* would be best for you and every other ape, and why I believe so. It's up to you alone to decide for yourself what you want do with this information. + +Good luck! +Hi guys, it was almost the same than last week. + +Around 4,000,000 USD in weekly trades. + +This is only measured using LocalBitcoin as they publish they weekly date, since months ago Binance opened P2P trade with Bolivares, I suspect a lot of people are moving to Binance. + +There are other exchanges like AirTM and UPHOLD and even some local ones (with maybe the goverment behind) like Amberescoin and Cryptia. + +A big part of the population that work for the goverment have a wage of between 1 and maybe 10 monthly minimum wages, yes, that is true. They need to do something else to survive. + +I think average wage is like 10-15 USD weekly, which is much better but still not enough. A family needs at least 300USD monthly to "live". + +On a personal note, I got COVID, I did think it was just a flu but days ago I lost my taste and smell. Here there is no easy way of getting PCR test and there is not nationwide vaccine plan, goverment says "f\*ck you, save yourself you are in our own". I'm resting and I hope I didn't infect people close (like my parents :(). + +I spend around 40 USD purchasing some medicines (vitamins, acetaminophen and so on) and just to treat it like a flu. MOONS have helped me a lot, even with these expenses (I have to cash out the ones I have soon :() + + One monthly minimum wage (1 USD) is around: + +* 1800 satoshis +* 17 MOONS +* 1.8 XRP +* 19 DOGE +* 0.2 NANO + +Disclaimer: Even when MOONS are nice and have helped me a lot, I don't post these updates for that (Moon-farming) I have been doing that for years a long time ago before MOONS where a thing. + +Sources (PLEASE check them!!!): + +[https://www.usefultulips.org/combined\_VES\_Page.html](https://www.usefultulips.org/combined_VES_Page.html) + +[https://www.caracaschronicles.com/](https://www.caracaschronicles.com/) + +[https://coin.dance/volume/localbitcoins/VES/BTC](https://coin.dance/volume/localbitcoins/VES/BTC) + +[https://localbitcoins.com/buy-bitcoins-online/ves/](https://localbitcoins.com/buy-bitcoins-online/ves/) + +[https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H](https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H) + +[https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/](https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/) +One of the things I'm personally struggling with lately is ethical investing. I am pretty normally invested in index funds, and as I explore how the holdings of those index funds, I start to see a lot of things that worry me. Like: + +* Am I profiting off of the industrial military complex and the exploitation of less-wealthy nations? +* Am I profiting off of less-than-ideal energy sources that are destroying the environment, causing earthquakes, and setting humanity up for disaster? +* I watch the stock market jump today with the announcement that they are rolling back the clean water act, and I feel guilt for profiting off a future with more towns like Flint, MI where people don't have access to clean water. + +I have some holdings in a sustainable energy fund, but the fund's performance has been abysmal and the fees are outrageous. + +Part of me wants to say "Fuck it. It's the system we live in, there's nothing I can do to change it, and I might as well live a comfortable life within it." But the other part of me feels like I should put my money where my mouth is and attempt to avoid investments I feel are unethical. + +Does anybody else struggle with this? How do you deal with it AND attempting to live the FI mindset? +I'm writing this post in response to comments I get from people when I try and explain what Bitcoin is. Uneducated people have told me countless times that bitcoins are only used by criminals. I want to debunk that myth and explain how the real potential for bitcoins is so much bigger than the black market can ever be. + +Bitcoin is literally saving my family from hunger and giving them the finicial freedom to immgrate in the near future. My parents and sister live in Venezuela. A lot of you might not know exactly what's happening there so here are the cliff notes. + +1. An incredible incompetent socialist government took power. + +2. They created strict currency controls that made it impossible for people to buy goods in anything other that their local currency. If you owned a business and needed to import something from overseas you needed the governments approval to exchange the local currency to US dollars + +3. This made running a business almost impossible. To operate you had to buy US dollars on a black market or bribe a government official to exchange currency. + +4. When oil prices dropped the government quickly ran out of money causing expected inflation of 1800% in 2017. + + +For more about what's going on in Venezuela check our www.reddit.com/r/arepas + +Things started to get really bad in Venezuela around 2014. My father owned at the time a successful air conditioning repair business but he knew things were about to take a turn for the worse. We came up with a plan to open a US bank account and convert bolivers (Venezuelan currency) into US dollars so we would be protected from inflation. We quickly ran into logistical problems physically getting and safely transporting the money out of the country. Caracas is one of the most violent cities in the world. Car jackings are common and people are killed for their cell phones. The airport police are corrupt and just as likely to rob you and the money can't be put in the local bank because you aren't allowed to have dollars. + +I'm 2014 Bitcoin was a new technology so we were very skeptical about it but we didn't have any other options. + +Fast forward to 2017. The economy is Venezuela is dead. My father lost his air conditioning business and people like our neighbors that where middle and upper class a few years ago can't afford food. Thanks to the rising price of Bitcoin and it's realative stability (to the Venezuelan economy) My family is part of a very small fortunate minority that can afford to help feed their community and also potentialy immigrate to another country. + +Now consider how big the Venezuelan economy is and that other countries like Brazil and Argentina are also experiencing similar problems. If citizens converted only a small amount of their savings into bitcoins this would represent an incredible amount of money. + +Bitcoin can give anyone the ability to trade freely and protect themselves finically against corrupt and incompetent governments. In a world of 6 billion people, most of which have no access or are ineligible for basic banking services and an increasing number of governments apposing free speech and basic human rights Bitcoin might not be the perfect hero we want but it's what we need. + +So in summary Bitcoin is used by criminals the same way cash is used by criminals. If you take one step back you'll realize that the possible legitimate uses for Bitcoin are far greater than the black market can ever be. +https://www.nsandi.com/products/green-savings-bonds + +What do people think? It’s a shame these aren’t more competitive - similar rates are available with easy-access accounts at the moment. I had been considering getting some, but can’t see the reason to at this rate. +For instance in the dot com crash, did the unrelated stocks avoid value loss? Did they just loose less? +I started investing a few months ago and just realized that this is something I have no clue about. +I am brand new to real estate investing (like literally just getting interested in it today) I just wanted to throw out a hypothetical number to see how you would try to grow your wealth. Thanks for playing along! +I've had several properties for quite a few years, perhaps this happens to everyone at some point. + +It's a personal injury allegedly caused by faulty building construction/maintenance. It's a section 8 unit, fully managed, and the property management company is also named. I'm the sole owner of the LLC the building is under. I haven't reviewed my contract with the management company since I started using them, but I'll be looking at that and all correspondence near the date of the issue. + +The management company has been unresponsive on other (business) issues since the pandemic began, but they keep sending me the rent so I haven't complained. The incident in question was quite some time ago. + +My first instinct is to call the best lawyer in town and essentially hand it off to them. I'm apprehensive about contacting the management company, and I've never met the tenant. + +Needless to say I'm pretty nervous, any advice on what steps to take would be greatly appreciated. +**Curious what everyone's first investment purchase was:** + +*SFR, Multi or Comm.?* + +*As-is, Immediate rehab, Upgrade over time?* + +*Hold or flip?* + +*Mostly cash or debt?* + +Knowing what you know now, what would you have changed about that first one? +Hello, I just had a thought and wanted to share it and see other people’s opinions about this. + + + +The thought below is based on an assumption that marriages are less, married people are having less kids, and less # of people per family. + + +With that being said, Do you think that people would steer away from large spaces (Villas, multiple bedrooms apartments) and start investing in smaller spaces, thus increasing their prices? +I am curious how many others have the same position as me. I own a pretty good sized portfolio. However, due to my growth plan, my cash flow isn't what most would envision. I have maybe $10M in equity but most of my P&L goes to principal paydown. I am trying to determine if I should slow down my growth and just let things ride for a bit so my interest decreases with principal paydown, while natural rent growth occurs to get in a better cash flow position, or continue to go for heavy growth knowing cash flow will remain low but it'll be a larger payoff one day when I divest some. +Live in Richmond, VA and am buying rental property - have one which I manage myself but may have a property manager for subsequent houses. I have a quote from a property manager for 10% per month in management fees plus 75% of my first month’s rent. Additionally there is a $295 dollar lease renewal fee or 25% of first months rent for renewed lease. + +I’m speaking with some other property managers to get quotes, but I like the guy from the first one. + +Does this seem like a lot? + +How customizable are things typically .. e.g. what if I ask for a 2 year lease (to avoid lease renewals)? +Does anyone on here own rental properties and not actually have any property to live in themselves? I have been contemplating getting into REI however, I currently rent. I have seen past posts where people would rather purchase there house first then get into rental properties and I have also read that some actually rent themselves.. I live in SoCal and I have some money saved i'm really concerned that if I decide to purchase a property I will lose a lot of liquidity and and won't have any money to get into REI.. If I get into REI first I would probably have to buy out of state because it's so expensive in my local area.. just wondering what are peoples thoughts and opinions are about this subject.. +I've seen this a few times in the sub. In my head it makes sense to pay for a property out right (or pay off the property as quickly as possible) so you can collect the full rent amount as profit rather than having to pay interest on mortgage. Why is it recommended to take out a long loan for investment reasons? + +Thanks +How much were you making and how many properties did you own when you hired a professional? + +I have read about people unable to get loans because of negative income on paper. For some reason that seems incredible to me, as I love playing the game of paying no taxes (although I haven’t done it yet). I have only 1 rental property and will have a 40K job at the beginning of the year, will I be making enough to justify hiring a professional? Even if I’m only breaking even in terms of taxes saves vs paying the accountant, the early knowledge and success will be beneficial in the long run +I’ve been watching property’s a lot and I want to buy one and I’ve been building credit with a discover secured card. (Paid in full every month). + +I know banks won’t loan me money to buy a property. But I have 100k cash in my bank account due to a insurance settlement that I haven’t used. I’m going to put most of that into a investment account to grow over the years but I want to spend 20-45k on a investment property to start my empire lol. + +I’ve found some home in St. Louis for the price of 42k and it’s newly remodeled with a rent at around 750-850 a month. + +With me living in across the country i would have to have a manger manage the property for me. +Would this be a sound investment or would I be better off finding a cheap house near me? + +Or what other method could I use this money to invest in real estate? +Hi, + +I am renting in the NYC area. I submitted an application for an apartment yesterday. The apartment is $2,800 / month for a studio. I spoke with the landlord today, and he asked if I could pay the entire year up-front, which would be a total of $33,600 lump sum. This sounded completely ridiculous (if not illegal) to me. I offered him to pre-pay 2 months up front, plus 1 security deposit of 1 month's rent. + +This is my first time renting in NYC. Is this even legal? Is this typical? I know that there can be some shady stuff with brokers, but the broker in this deal is agreeing with me that it is ridiculous. How is anyone going to be willing to do that, especially for a studio, and especially during economic downturn caused by coronavirus? + +What should/can I do? + + +**Update:** + +I did a lot of research on the owner as well as the broker in this apartment. The broker is reputable and seems like a good person. The owner bought the apartment in foreclosure using an LLC, and has a history of being sued > 5 times in the last 5 years. I issued a stop on the check for the application fee (which was $350... much higher than the $20 legal limit), and for the credit check ($60 / person, also illegal). The broker had not yet submitted the application, but I wanted to cover myself just in case. + +I found several great apartments without fee in a similar price range with better amenities and no glaring red flags. I'm walking away from this one, and am considering filing a complaint against the owner (who is also a RE broker, lol) +Tell me anything I should know, please, any info is greatly appreciated. + +&#x200B; + +A little info. Buyer is putting down 20% on a 90k property, I am financing the remainder @ 6% over 30 years, no balloon. I have an amortization schedule prepped for them to see at any time via OneDrive Document share. I agreed to no early repayment penalty because, in reality, I would rather just get the payment ASAP than milk 30 years of interest. This is my first time selling using Seller Financing. The buyer was prequalified for a 95k loan from PrimeLending, but the lender refused the loan due to the fact they don't lend on properties under 500 sqft. + +&#x200B; + +Again, any info or guidance is greatly appreciated (related to closing with the terms in place...i’m getting ripped off on interest, i get it). +As above. Trying to figure out what the average cost of regular household bills like insurance, food, TV, phone, etc etc. I'm not even sure of everything that needs to be paid, like water charges etc? +$39.68 (current price of GME) * 0.325 (current borrow rate) / 365 (borrow rate annualized) = $0.035 per share borrowed + + +$1,000,000,000 (average daily $ burn rate last quarter from 13F) / $0.035 = 28,382,581,648 shares + +Obviously, this is an over-simplified version of what is going on and may not take into account any naked shorted shares. However, despite that, it paints a clear picture that GME is still the correct play. + +I like the stock. DRS is the way. + +Edit: Yes, citadel has many bets on many different stocks. Their 13F loss of $94 billion last quarter is based around those bets being up or down, not necessarily on money they are spending to short GME. +Isaac Newton is known as being one of the biggest smart smarts in history. + +But did you know he secretly wrote about the GME rocket ship in his work "*Philosophiæ Naturalis Principia Mathematica*", 297 years before Gamestop was founded? + +&#x200B; + +That means ***he was even smarter than we thought***, and here's the proof: + +&#x200B; + +𝕹𝖊𝖜𝖙𝖔𝖓'𝖘 𝕷𝖆𝖜 𝖔𝖋 𝖀𝖓𝖎𝖛𝖊𝖗𝖘𝖆𝖑 𝕲𝖗𝖆𝖛𝖎𝖙𝖆𝖙𝖎𝖔𝖓 (𝓣𝓱𝓮 𝓐𝓹𝓮 𝓛𝓪𝔀) + +Newton stated that there was a universal law of gravity, and many interpreted his writings as a way to calculate the force of gravity on Earth. + +Looking at his equations, they assumed he was speaking of things like mass, radii, and acceleration: + +>gₑ = GMₑ/Rₑ² + +&#x200B; + +They took this to mean that the gravitational constant of Earth was 9.8 m/s² and thought that they were the equally smart smarts for understanding Newton's work: + +>gₑ = (6.67 \* 10⁻¹¹ N•m²/kg²)(6.0\*10²⁴ kg(/(6.4\*10⁶m)² +> +>gₑ = 9.8 m/s² + +&#x200B; + +However, while this interpretation was heralded as a breakthrough in physics, it was WRONG, and they were actually 𝕭𝖎𝖌 𝕯𝖚𝖒𝖇 𝕯𝖚𝖒𝖇𝖘 who misunderstood what Newton was saying. + +To understand what he really meant by the equation: + +>gₑ = GMₑ/Rₑ² + +&#x200B; + +We have to do a bit of re-arranging, because he didn't want his secret code to be found out too easily: + +>GMₑ= gₑ \* Rₑ² + +&#x200B; + +Next, we have to change the little "ₑ's and g's" to big "E's and G's" since Newton wasn't a small minded hedgie: + +>GME = GE \* RE² + +&#x200B; + +See what that says??? [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) [🤯](https://emojipedia.org/exploding-head/) + +&#x200B; + +Newton's target price for GME was the price of GE, multiplied by the squared price of Everest Re Group Ltd (Ticker: RE). + +&#x200B; + +That gives us a target price for GME of: + +>GME = $13.01 \* $243.29² +> +>***GME = $770,062*** + +&#x200B; + +So there you have it, Newton's secret code has been given to us. + +&#x200B; + +His Law of Universal Gravitation was never about forces that would pull things down to Earth, it was about things that would rocket past the moon [🚀](https://emojipedia.org/rocket/) [🚀](https://emojipedia.org/rocket/) [🚀](https://emojipedia.org/rocket/) + +&#x200B; + +𝓠.𝓔.𝓓 (𝖖𝖚𝖔𝖉 𝖊𝖗𝖆𝖙 𝖉𝖊𝖒𝖔𝖓𝖘𝖙𝖗𝖆𝖓𝖉𝖚𝖒𝖇𝖉𝖚𝖒𝖇𝖘) + +&#x200B; + +Sources: + +* [https://www.orange.k12.nj.us/cms/lib/NJ01000601/Centricity/Domain/15/Universal\_Gravitation\_v\_1-1.3.pdf](https://www.orange.k12.nj.us/cms/lib/NJ01000601/Centricity/Domain/15/Universal_Gravitation_v_1-1.3.pdf) +* [https://www.cdc.gov/ncbddd/autism/facts.html](https://www.cdc.gov/ncbddd/autism/facts.html) +I'll keep it straight to the point. + +I'm 21, been gambling since I was 18. + +Stopped in January and finally told my parents today. + +I owe: +£900 left on a £2500 loan. +£1100 on a credit card +£2400 overdraft +£15,500 to my parents, they didn't know I'd taken this money from them, they're not in a rush to get it back and understand it may take me several years. + +I also have various direct debits for phone contracts etc each month. + +I get paid £1500-1600 each month + +I'm just wondering what the best course of action is now. + +Looking on the government website, it's suggesting I have three options. + +1. Bankruptcy +2. Debt Management Plan +3. Individual Voluntary Arrangement + +I've starting looking into all three but if I'm honest, I don't know if any of these options are needed. + +My loan will be paid off in 4 months +I can pay off the credit card in about 6 months +My overdraft will probably take about 12 months to pay off. + +Only after that will I need to pay my parents back the money I owe them. + +Is it worth me doing any of the three suggestions I've posted or should I just pay my debts over the next 12 months as I know I can. + +Many Thanks + +Revised and updated with additional points + ------------------------------------------------------------------ + +For those of you who are new, you may not know but the next 3-6 months are arguably the most **significant** months in the 5+ year history of the Ethereum ecosystem. And here is why: + +1) **EIP-1559** is confirmed to launch this summer. What this means is that net "issuance" which means new coins minted is going to be **dramatically** lowered. To put it in perspective the, the issuance rate right now is 4.5% per year, the estimates for the issuance rate after EIP 1559 is implemented are .5 - 1%. Why does this matter? So bitcoin issuance halves every 4 years right? and from that we see the bull run begin and bitcoin goes on a tear. Well an issuance drop from 4.5% is the equivalent of 3 halvenings happening at one time. (4.5 cut in half to 2.25 again to 1.125 and again to .56). Ethereum is already at a multi year low supply on exchanges, once this happens Ethereum will become **instantly** scarce. People are starting to dub this the "Cliffening" + + +2) **Staking and POS** - Staking means you can lock up your ETH and you get paid rewards just like miners get rewarded for buying all the equipment and running the rigs and monitoring them and then being compensated for validating the blocks. You are going to be able to do the exact same thing without any of the upfront costs, right now you can only stake on your own node which very few users are able to do or on a few exchanges, but very soon coinbase will be allowing you to stake directly on their app. It will literally be the click of a button and you will be earning rewards. **This will also further "Lock up" millions of additional ETH and remove them from the circulating supply** and therefore further increase the scarcity of ETH. As mentioned before ETH supply on exchanges is already at a multi-year low, once coinbase implements staking a significant portion of the ETH being traded on coinbase and other exchanges will "poof" and be locked away. This means way less circulating supply which economically should put upward pressure on the price. + + +The Ethereum Devs are now also going to try to merge to POS (full proof of stake with **zero** mining) a lot sooner as early as fall, which means in 6 months time there could be no miners dumping coins every day on markets. This is a significant point because the people who are now earning the "new" ETH being minted are the hodlers, and because the those users do not have a lot of up front or fixed costs, what do you think they are going to do? Sell all their rewards instantly (like the miners do now) or continue holding and letting their rewards grow in value? +The switch to POS will incentive people to hodl and remove selling pressure from ETH. + + +3) **Scaling** - the top 2 scaling solutions coming out in the next few months are optimism and arbitrum. (Optimism just announced yesterday their release is confirmed for July and Arbitrum is right now in their final testnet and will most likely launch before Optimism) They will allow dapps to basically copy paste their code and onboard onto a super fast highway where essentially they can do hundreds to thousands of TPS for almost no cost. Think Elon building his underground tunnels under LA, thats how L2 will work. People will be able to seamless board and unboard and go super fast from A to B and get back above ground (L1) all while reducing congestion and costs. This will be incredibly bullish for the ecosystem because 1. fees will substantially go down in the network, 2. More ETH will be locked up in protocols because a lot of the DEFI applications will once again be cheap to use for the average user. Uniswap for example which is the number one gas user on the network is going to launch with Optimism shortly after its May 5th launch (one month away). Once that happens between 20-30% of the congestion is going to come off the network lowering fees **substantially** and increase the usage on the network. **ETH will be the most used blockchain in the world by a long shot.** + + +4) **Economies of Scale** - Just like when the internet went from dialup to broadband to high speed to fiber this evolution enabled brand new usecases and applications to exist, like online streaming, online gaming, social media etc the Ethereum blockchain and its scaling will enable entirely new and innovative use cases. This nascent "bubble" in NFTs is an example of one of these new use cases in its infancy. Right now, it looks like random, hype driven, mania. **But what happens when online games that are integrating with ENJIN and Ethereum let you trade your in game items "across" platforms?** You have a rare item in world of warcraft that you can then trade for something rare in Fortnite or Diablo or whatever.... the gaming industry is a multi billion dollar industry and this is the first time in history that users will be able to truly **own** their in game items.....NFT's all of a sudden stop being a bubble and have real world applications in a very powerful way. This is just one example of the possibilities that come with the growing economics of scale in Ethereum, and we are already starting to see them unfold. + + +5) **Technicals/Historical patterns/Risk Reward Opportunity** - ETH the last bull run outperformed Bitcoin the entire cycle. The ETH BTC ratio went over .1, which is over a 3x from its current ratio now. The ratio has also been in an ascending pattern for the last 6 months and right now we are at the bottom of that pattern and if we continue it are going to make a substantial move up in the coming months https://np.imgur.com/a/g8z4Nwq The chart pattern would also coincide with all the "news" of the coming developments listed above, staking on coinbase, EIP 1559, scaling all of that, so we could very well see a massive bullish move on Ethereum in a "perfect storm" of great news, development, and technical analysis. + + +**TL:DR:** In short after EIP 1559 Ethereum, very much like Bitcoin, will have increasing scarcity and significantly increase its viability as a store of value. **But in a uniquely new way it will be able to combine that scarcity also with an increasing and incredible amount of utility**, with more and more ETH locked up, collaterilized, staked, burned up in gas, and used in dapps and transactions. It will be like if gold which is already a rare asset, all of a sudden needed to be used to build all the roads, buildings, structures and businesses of society. Thats what ETH is to the ETH ecosystem. + + +**The increasing scarcity and increasing utility of ETH will be a deadly combination.** + +So why am I telling you all of this? Because for a change, Id like to see the new guy get ahead of the curve and buy before the massive potential pump while the waters are quiet, not when every headline is screaming buy buy buy and price has already pumped. And because I am sick and tired of seeing noobs getting screwed over by all these scammy youtubers, shills and other trying to take advantage of new investor ignorance. I was once in your shoes and it sucked not knowing what to believe (it still sucks) and seeing so many people trying to manipulate me into buying their stupid hype coin with no future. + +I got so much flak from people for posting this like Im trying to "pump my bags"..... to those people I say: I own Ethereum obviously because Im not a hypocrite, but if you think one post on reddit from a nobody is going to swing the markets up 100's of dollars and make me rich........lol. + +At the end of the day, do whatever you want, but this is exactly the sort of content I joined this sub years ago for, and over the years it was posts like this that helped me understand and make better investment decisions, and so this is me just trying to give back. Good luck. +I posted this buy in about NIO 6 months ago and got about 3 upvotes. I'm glad I got in and believed in the long term success of this company. I still hold onto my core positions but have sold my LEAP calls. + +[https://www.reddit.com/r/stocks/comments/g69o67/today\_i\_threw\_some\_money\_at\_nio\_because\_tsla\_was/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/g69o67/today_i_threw_some_money_at_nio_because_tsla_was/?utm_source=share&utm_medium=web2x&context=3) + +Today, I am posting about Palantir. Might be a little late posting about this, I bought in around $10 which is their IPO price. Here's a couple reasons why I believe in the long term success of this company. + +* Big name backers like Peter Theil. +* Big data/AI analysis. I don't own any stocks in this industry aside from your typical FAANG stocks. This is an opportunity to consolidate my positions into a more focused strategy. I also get to invest in government and defense stocks at the same time. +* Palantir is not just a government and defense stock. Palantir is already expanding to enterprise applications. I believe that this is where our future in society is moving towards. We have made significant progress in technology in the past 20-50 years. We spent so much time and money developing and rushing out newer technologies and in the mad rush we forgot to optimize. There is so much room to use AI and machine learning to figure out where the inefficiencies lies. +* This kind of proprietary tech has a huge moat. It's not something that any competitor can just come and replicate. Their technology is advanced enough to attract attention from the government and companies like General Motors. Having also worked in the industry, I can tell that their tech is way more advanced than their competitors. + +As always, only invest what you can lose and you are ultimately responsible for managing your own risk! + +EDIT: This post surprisingly caught wind. I'm glad that some of you share the same views about PLTR as I do, I am also glad some of you are expressing skepticism. I love discussing companies and general stocks. + +With that in mind, please remember to do your own DD and don't blindly follow strangers! If you're new, please start small and take the time to learn. + +I also got questions and DMs asking me to evaluate certain stocks/industries. If it's anything other than what I've posted or am holding, it is likely that i unfortunately would not be able to give you a proper DD on it and can only respond on my gut feelings. But if you'd like to dicuss anyway, feel free to tag me in any on going relevant threads. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi Everyone, + +I'm looking at opening a westpac saving account which has a 3% interest rate, which is amazing considering other options that are out there. But I'm trying to look for loopholes to fulfil there bonus interest criteria. Since I don't plan on using it as my daily card. + +Criteria is: Must have a higher balance at the end of each month and 5 transactions. + +For those that have a Xinja account, can anyone confirm that there instant top-up feature can be a work-around to satisfy the 5 transaction criteria? + +I have been looking at BeemIt but I've been told that beem transaction don't count. + +Wondering if any has set this up and can confirm that it will work? Or else I'll have to go grocery shopping and make 5 $1 split payments. +I'm wondering if now is a good time to enter Sydney property market as a first home buyer. Prices are dropping and vendors can be negotiated down on price. But in the other hand, the availability of credit is becoming restricted. Is it better to get in now while I can borrow money or wait for the fall in prices to level out, but risk not have access to credit? +How far do you think prices will drop in Sydney and for how long do you think the downturn will last? +When I joined the team to work at a local council I was told in the induction by HR that they only pay super into one fund and that not to ask them about it. Seems weird and a big loss to me as I’m a working mum and 95% of my pre-kid super is held in high-growth account with another provider. I’d like the tiny amounts to be contributed to this fund but do I really have to consolidate every few months? Has this happened to you dear internet people? +Amazon.com Inc. surged past Exxon Mobil Corp. on Monday to become the fourth-largest U.S. company by market capitalization. Exxon Mobil also fell behind Facebook Inc. into sixth place, to make it an all-technology top five. +http://www.marketwatch.com/story/amazon-passes-exxon-to-become-4th-most-valuable-company-in-the-us-2016-08-01 +Have a feeling today could be bloody! As DFV would say "Hang in there" and RC would tell us "Buckle Up" + +The standard GME thesis is that a market correction will force shorts to close right, well be ready to embrace volatility. As the correction begins be ready for GME to play the same game and fall with the rest of the market. THEY WILL DO EVERYTHING to stay solvent and the last hurrah of shorting will come in. Once the dust begins to settle GME will go stratospheric, orbital, and intersteller as allllll those failed margin calls make the computers go BRRRRR. + +TA;DR BUY, HODL, Buckle Up, we're going for a ride. +[$1,227.50 \(split adjusted\) on that day, $0.05 now.](https://finance.yahoo.com/quote/HMNY) + +Revel in the fact that you do not need to explain a 99.995% loss to your clients. +[https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm\_medium=social&cmpid%3D=socialflow-twitter-markets&utm\_campaign=socialflow-organic&utm\_source=twitter&utm\_content=markets](https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=markets) +So first, market markers are generally not part of these momentum moves. They generally don't have a stake in things either way. + +What MM's do with regards to options, for anyone unfamiliar, is they write brand new options contracts. Calls and puts. They are, generally, the ones who are setting the bids and asks on the strikes you look at. + +Yes, individual investors can and do write options, but it's very rare for individual investors to write naked options, which are necessary for people to have long options positions. There has to be a counter-party to the contract that is taking the opposite side. + +How they do this is by acquiring a combination of securities that offset the delta and gamma of the contract they have written. As the price goes up and the contract gains a higher delta, they must acquire more of these securities. + +These securities can be some forms of insurance and derivatives, but the easiest and most common way for MM's to hedge their delta and gamma on a contract is to buy a portion of the underlying. As the price goes up, they must buy more to offset the greeks, as it goes down they sell. This allows them to remain price neutral. + +At least a part of what happened today with Robinhood, WeBull, and IB is that the MM's those platforms use ran out of stock. Nobody was selling, the MM's ran out of stock, and thus the platforms could not fulfill buy requests. + +The brokers that stayed open for business had access to more of the existing stock, such as Fidelity and to a lesser extent TDA. + +Tomorrow though, we may run out of stock, and people may be unwilling to sell. In that situation, there is no reliable way for MM's to hedge delta and gamma against new contracts, and it's possible that *options* markets may see a liquidity problem on these tickers for new contracts. + +Nearly 25% of all GME stock in existence expires tomorrow ITM if the stock is above $500, to give a scope of the issue. + +This will probably happen at the same time that some of the short sellers are attempting to further cover their positions. + +Pay attention to some of these tickers, we are likely to see some never-before-seen events in options markets tomorrow. + +NOTE: BB has a much larger float and less total activity, so it's unlikely to run into this issue, but there could be spill over because of how correlated some of these trades have become among retain investors. +Pre-TLDR for the blind children who cant read - + +TAN puts $20 strike, July. + +TLT call, $160 strike, Mar 20. + +IEUR puts, $25 strike, June 19th. + +Spy puts, $230 strike, June + +EEM puts, $25 strike, May + +&#x200B; + +The Fed has an ult as spicy as wasabi snooters, and they started stage 2 of it today. Before I get into how the Fed might actually unfuck the bulls, some context. + +The externalities that are affecting the market right now are downright marvel movie ridiculous. + +\- A growing bubble of stock valuation (like the dot com bubble) + +\- A growing corporate debt bubble akin to 2008, but instead of Amanda buying a truck and a condo as a hooters waitress, its WeWork being... well WeWork. + +\- A supply chain disruption that disrupted 94% of the Fortune 1000, that isn't priced in yet (I'll ge to that later) + +\- A small sovereign debt crisis (Lebanese bond default) forming like Greece bangin rails whiter then snow. + +Literally one of those is enough to trigger a correction event, but fuck that it's 2020 we go big or go home, there's FOUR major externalities hitting the market within weeks. + +But why does this all matter? Well large corporations like Boeing have large lines of credit with large banks like JP Morgan Chase. JP will credit an amount, say $100, to be drawn down at any point. JP has hundreds of thousands of businesses under its credit line. From your local pizza shop with a $5,000 credit, or GE with $19.8 Billion in credit across 6 banks. But not all companies will need to draw down on credit at the same time - so no need to keep liquid capital = to your commitments on hand. + +[GE's credit limit is higher then Cheech and Chong](https://preview.redd.it/tvgof2odvcm41.png?width=1200&format=png&auto=webp&s=f6e1fcdabbccf35ca26bf4840179574c08689424) + +That is - unless some externalities like ModelobolaBeerVirus show up right in the middle of a Saudi-Russian pillow fight turned knife fight because the dumbass babysitter China passed out on Xans and cant watch the children. + +So now every company and their mom is trying to draw down credit to cover losses anywhere from supply shortages to payroll to legal fees. + +Well now wtf does JP Morgan and friends do if it has credit line obligaitons it can't pay? + +You take out a credit card... but from who? THE FED! + +Well what can the Fed do? This isn't QE4 - A New mortgage, atleast not yet. Then what the everloving shit was Powell thinking sleeping on the print button to the tune of 500 billion in offered liquidity TODAY, and more importantly - where did that money go? + +Well, liquidity isn't going to equities. That was apparent by the almost immediate crash after the announcement of repos and relative flatening of value. The liquidity isn't going to solve solvency issues, there hasn't been enough time for a firm to declare insolvency. Well then where is that liquidity (cash) going? + +# So my Thesis?: + +# Repo Ops are being offloaded to Banks who are using the liquidity to fill credit line obligations, in turn selling those credit lines as bonds through securitized bond swaps to Banks 2: euro boogaloo, who are then using those SBS's to securitize their obligations on negative yield ECB bonds. + +First, what's the ECB? It's the Feds autistic cousin in the eurozone. + +See the ECB has the same job as the Fed, regulates monetary policy for the eurozone, and that for some reason includes giving debt out for free, and paying people to take loans and bonds. See, the negative debt ratios in Europe are assblasting bad. Like, 96% of your debt you are paying to loan out bad (looking at your Switzerland) + +https://preview.redd.it/uxe4580iscm41.png?width=656&format=png&auto=webp&s=8f03df2f3986656cf7d88fe59788fbc3212f1652 + +So all this negatively yielding liquidity can be attained in the market - free money that can be amortized over 100 year bond obligations by Euro banks like Deustche Bank. + +Well how does SBS get ahold of the money to pay back these bonds. They transact an SBS with an American bank who have these lines of credit and their obligations. What is a SBS? an SBS is a bond swap. Easy right? A bank like JP will gather a group of bonds that are securitized + +\--(grouped together (tranched) for risk, I would also note the actual mechanics of an "SBS" is much more complex then just throwing a shitload of corporate bonds together, and this is just to make this train of thought as simple as possible.) -- + +Then JP will go diddle his skull and crossbones fuck buddy at Deustche Bank, and ask for a swap. Deustche Bank, always in the mood for felatio, will go to the ECB and take out 100 euros in German backed 100 year treasury bond at -.69% interest. Deustche Bank will then bend over after said felatio, and give JP that 100 euros - or $112 to JP in exchange for that SBS. The SBS obligation from groups of companies like Boeing have long term value as long as the companies do not become insolvent and thus default. + +Because The Euro has a favorable exchange rate, the US bank can then turn back to the fed same day and payback their Repo obligation with interest, and have some cash to spare. + +GE gets their tendies to pay for hookers and blow so long as they can rollover to the next month and pay their interest. + +JP Morgan Chase gets their money to pay Daddy Powell and not get sued by GEs dad's lawyer for making promises it couldn't keep. + +Deustche Bank gets a % value of the obligated credit line, and say they helped and can keep playing options like it's roulette. + +And Germany has a securitized bond obligation against corporate bonds and can keep paying gibs. + +**Literally can't go tits up.** + +However, this game of grab ass only works so long as the market allows firms like GE to stay solvent. If enough of these corporations with credit line obligations default - we are fuk. + +And this is why the externalities are throwing a monkey wrench into Wasabi snooter time. If no companies are operational because beervirus wants siesta time, and meaningful gross domestic product stops the Production part, it doesn't matter how much appetite the Eurozone has for bondage, the interest payments will eventually not get covered. + +Corporate credit is 50%+ BBB or lower rating - absolute junk. Sound like 2008 all over again? It is. + +https://preview.redd.it/t0m4c2gs0dm41.png?width=720&format=png&auto=webp&s=7004a38680385fbdc767bd7d097a1b98ab40b201 + +Once a percentage of those corporate bonds are not paid, the whole securitized bond swap tranche is GUH, and Germany will restart the Weimar republic part 2. As that happens, the circus stops, and the entire world economy grinds to a halt. Any company with debt obligations it cant meet will collapse, the Euro will be worthless, the German Casino will finally get around to kicking Deutsche Bank out of the casino entirely, JP Morgan Chase will get absolutely reamed by daddy democracy, and the FED will be stuck being the cause of the collapse of the modern economic system - all because they wanted bigger numbers on balance sheets. + +This is not 1907, this is not 2008, this is not 1929 - It is MUCH MUCH worse. + +We won't know if the credit lines can stay liquid, but after today it looks as though the fed wants to keep the flood gates open for when the liquid capital is needed. Of the 500 Billion offered in adition to the "normal" \~200 billion offered, only 90 billion was taken by JP Chase Morgan and buds. + +And so while everyone is happy making tendies off puts, seriously be aware of the implications, because the Fed and Co. are tryna fly to the sun, and might end up getting burned. + +# TLDR - + +# IEUR, EEM, SPY PUTS $1 Strike, September, diamond hands you might be in the money by August, watch those long D/E ratios, and what Q2/Q3 earnings look like for heavily leveraged corps like GE. + +&#x200B; + +edit: + +As of 20 minutes ago the Bank of Japan introduced added stimulus of 1.9 billion in japanese bonds and \~14.12 Billion in direct lending. This credits my thesis that governments are just trying to keep governments alive. + +If we start seeing banks offering direct lending lines in addition to large bond purchases, it lends to the credibilty of the thesis and that - infact - the goal is to amortize out the losses to a later date through financial engineering. + +I would like to point out I did not come up with this scheme, I just lined up the shapes as a potential financial framework. Hopefully the square goes in the square hole and the triangle goes in the triangle hole like my wife's boyfriend's son can do. + +&#x200B; + +edit 2: I'm not an economist nor do I work in stonks or financials for a living. Everything in this I've formulated through my own thought processes and self-education. I would say also, I'm not advocating that the world is ending, I'm bringing up the thesis that the economy might actually be saved by these measured if they are balanced properly by institutions. + +&#x200B; + +# +Hi, + +I work as an option MM in interest rate and index options space. AMA. + +In return, I would like your opinion on why so little people trade in the vol space. Some of you might have seen the poll I put up a couple of weeks ago + +[https://www.reddit.com/r/options/comments/j4zggn/brokerage\_service\_for\_gammatheta\_trading/](https://www.reddit.com/r/options/comments/j4zggn/brokerage_service_for_gammatheta_trading/) + +The response was generally positive, but I want to reach out to a larger audience while doing this AMA to find out why people are hesitant to trade vol as I think volatility will become an asset class as large as bond/equity in the future. + +&#x200B; + +EDIT\* It'll be difficult to reply to all of these comments today. I'll get to them over the next few days, hope you guys don't mind. + +EDIT 2\* Thank you for all the replies and questions! I'm sorry if I did not/haven't addressed you. I'll make it a point to do so over the next few days. +I have tried to have this question answered before, but have yet to get a consistent/understandable reason... Why do publicly traded companies have a dividend? + +The two main reasons I have gotten before were for taxes and to increase the price of the stock. But, I find it hard to believe that giving away over $9.5 billion (AT&T has 5.28B shares * $0.45 *4 = $9.5B) saves the same amount in taxes. + +As to increasing the value of the stock, why would AT&T care? They already sold the stocks on the market they gain nothing if the stock doubles in value. True, AT&T could always sell more later, but they have been giving away dividends since 1984, the amount they have given away is huge. + +So... why do they give away dividends? +Hey guys, I have an upcoming interview in the next few days and was told there would be one or two technical interview questions. I was wondering if you guys could give me a few sample technical interview questions you were asked? Thanks! +i got an interview tomorrow and i am kind of scared. Please ask me some interview questions so i can make you all proud. new grad/economics major/passed the CFAlevel 1. + +EDIT:These questions are really good, I love you all. please continue to be awesome and correct my responses if you think it's bad. +Lately I've been thinking about how our country would function without a central bank. I would love to hear some of your arguments for or against having a central bank or any other input you have on the topic. +I’m currently living with my mom rent free, however I have to commute 1 hour to get to work. Should I move out to get an apartment closer to my work. Most apartments around the area are about $800 a month? I’m 21 I make 40k +When the pandemic hit in 2020 and I started working from home I decided to use the money I was saving on travel and food to max my 401k contribution. I increased the percentage I was putting into my 401k to reach the max before the end of the year, not calculating it carefully enough to make sure I'd be contributing on each paycheck, just that it would get there. + +I had not given it much thought and left it at the same % this year, which will lead to me reaching the max by the end of October. Checking back on what I earned last year and what my employer contributed it appears I shorted myself ~$140 in 2020 missing the employer match on my final paycheck of the year, and will short myself ~$600 this year missing the match on my last 4 paychecks. + +**Is there anything I can do to recover any of that?** I think with the paycheck that's processing today for the past two weeks I'll be under $160 away from the max, so spreading out my final contributions for the year will yield a little less than ~$10. If I had figured this out a month ago I'd probably have been able to space it out enough to earn it all. + +Unless there is some other option that I'm unaware of I guess this is more of a PSA about not maxing your 401k before the end of the year if you have an employer match. I'll have to pay closer attention and adjust my contribution % each year to make sure I don't hit the max too early again. + +**Edit: After spending some time bouncing around between people on phone calls I found that my plan does not true-up, but if I elect to spillover and do post-tax contributions thru til the end of the year those will still be matched at the same %. I have now reduced my elected contribution % to what my employer matches which will get me to the 401k max by either the end of October or the following paycheck, and turned on spillover so that I continue to contribute after-tax at the match % so I don't miss out on any of the free money the match provides this year.** +I was reading the other thread where some people wish they could trade all the millions they have to be 25 again. It made me think that our 20s are probably the most precious since it's when we peak physically. There are some things we'll never be able to do later if all we just let it go to waste in the name of FIRE. + +I think in general, you can achieve FIRE on a 45-50% savings rate in 20 years. So... what if someone in their 20s just puts away the 401k amount for employer match, and spends everything else on experiences such as crazy travel and treks around the world, going out with friends, and just having a blast. Then around 30, start their FIRE journey. By that time, their income should've doubled or tripled, and should be a reasonable lifestyle to live on for a 50% savings rate. They'll also settle down and maybe get kids. Kids will take 18-20 years to raise (2 kids 2 years apart), and you can't go as crazy living your life to the fullest while taking care of them. During those 20 years, they're on that FIRE journey with their spouse, and finally when the kids go off to college, it's the perfect time to RE. + +They're 50, they had all the nice experiences taking advantage of physical youth in their 20s. They leveraged the boring middle to live the frugal life raising kids. Then they are able to experience financial freedom at the best time, when kids are gone and are still healthy. Those 20 years of frugality are also a great environment to teach kids important financial concepts. They can go on more relaxing trips, and many of their friends are also retiring in their 50s, so it's not lonely. They also have the experience and energy to start business ventures if they want. + +I feel like that's a way more attractive life than grinding out the 20s and lose that one chance at enjoying youth forever, only to retire in the 40s when kids might still be in their teens, and so you don't really have youth, nor do you have true freedom, unless you'd like to spend a lot of time with teenagers (they probably don't). +Hi all, + +I want to bring two potential catalysts under your attention. + +First of all, $ASRT is presenting and participating in the virtual roth conference: + +https://www.globenewswire.com/fr/news-release/2021/03/01/2184670/0/en/Assertio-Holdings-Inc-to-Present-at-Virtual-Roth-Conference-on-Monday-March-15-2021.html + +This gathering of institutional investors, private equity investors, VCs, company executives and services providers is an event for those in the small-cap space. Essentially, $ASRT would be able to attract new investors into buying these stocks, thereby adding to the demand. + +Second, $ASRT earning report is coming on March 11! + +This is not financial advice btw, nor a proper DD. Please do your own financial research. +If 2022 is as bad for the stock market as many people make it seem, what will your moves be going forward? I began investing during COVID and I know many others did as well, we have not truly experienced a downturn or sideways moving market since then and many of us are likely unsure of what to expect. What do you plan on doing if the market tanks? Buy the dip, or hold cash until there’s a deeper dip? What should all the newbie investors be watching to not lose capital if this is in fact the start of a downturn in the market? +**🐺AAWOOOOOOOO! The great WOLF has arisen on MATIC to wreak havoc across the** **Nine** **Chains and challenge the Gods of Crypto!** + +[**MOONWOLF.IO**](https://moonwolf.io) **launched officially on 29th March on** [**quickswap.exchange**](https://quickswap.exchange/)**, in partnership with Polygon (Matic) and Quickswap.** + +**Moonwolf.io market cap is currently around $8M and they have $1M liquidity on Quickswap. The last two days have seen saw 175% growth in price, but there is still massive room to grow and you can buy millions of $WOLF with $$$.** + +📣 **WOLF AIRDROP HAPPENING MONDAY 12 APRIL 2021** 📣 +The more WOLF you own, the more you will get! + +**🐺WOLF** is the first **deflationary** **token** on the L2 Matic Network *(by far the most popular L2 contender)* with **1% burn** 🔥and **1% autostaking** 🤖redistribution to WOLF holders on every trade! The circulating supply is 495,000,000,000. It's the *FIRST EVER* deflationary token on the Polygon (Matic) network, at a **fraction of a cent gas fees!** + +**We invite you to ascend to the POLYGON MATIC network! It's shitcoin-free, transactions basically free ( < $0.0001!) 💰and as fast as lightning! ⚡️** + +**🏆NFTS:** Moonwolf.io are dedicated to becoming the NFT leader on Polygon network! Every month on the full moon, special limited edition NFTs will be created along with monthly NFT airdrops! We have already sold our WOLF NFT Genesis 1/1 on opensea on L1. and now planning to release the related RARE WOLF ERC-1155 100/100 directly on L2 this week. We are still airdropping a few RARE WOLF NFTs. We are moving towards a fully decentralized NFT collective fuelled by the WOLF Token. + +🤝**PARTNERSHIPS:** + +* Partnered with **Polygon**. [Moonwolf.io](https://Moonwolf.io) & Polygon held a joint AMA yesterday with the Moonwolf lead dev White Wolf +* Partnered with **Arkane** NFT Matic Marketplace +* Partnered with **Quickswap** to provide additional LP incentives + +**🐺COMMUNITY:** At the core of the project there is the WOLF community.  We have an active, friendly wolf pack that operates in a decentralised creative collective. Come join us on Telegram. We call ourselves WOFLers. **WOFL is the new HODL =)** + +💰**LIQUIDITY & GROWTH:** Moonwolf.io raised 100 ETH equivalent in Matic to fund the launch of the Token. The Token got listed on Quickswap on 29th March with a very low market cap. The past two days have seen > 170% growth! The overall liquidity is very high compared to MC. Which is one of our main priorities to not only grow in terms of MC but also liquidity. + +**⚡️POLYGON** is a layer-2 network designed to bring mass scalability to Ethereum and interoperability between other blockchains. Fuelled by the MATIC crypto, Polygon is evolving into a platform to help developers bring products to market quickly. This is achieved using customizable, modular blockchain network tools and services that harness the power of the Ethereum network, without the drawbacks associated with high transaction fees and network congestion. As such, layer-2 solutions are drawing a lot of attention as the crypto industry looks to expand and interoperate. **Polygon has seen more than 20 x marketcap growth since 2021-01-01** + +**Organization:** [moonwolf.io](https://moonwolf.io/) +**Symbol:** WOLF +**Contract address:** [https://explorer-mainnet.maticvigil.com/address/0x8f18dC399594b451EdA8c5da02d0563c0b2d0f16/transactions](https://explorer-mainnet.maticvigil.com/address/0x8f18dC399594b451EdA8c5da02d0563c0b2d0f16/transactions) +**Transfer fees:** < $0.0001! +**Website:** [https://moonwolf.io](https://moonwolf.io/) +**How to buy (use at least 2.5% slippage!):** [https://moonwolf.io/buy](https://moonwolf.io/buy) +**Quickswap:** [https://quickswap.exchange/#/swap?outputCurrency=0x8f18dc399594b451eda8c5da02d0563c0b2d0f16](https://quickswap.exchange/#/swap?outputCurrency=0x8f18dc399594b451eda8c5da02d0563c0b2d0f16) +**Coinmarketcap:** [https://coinmarketcap.com/currencies/moonwolf/](https://coinmarketcap.com/currencies/moonwolf/) +**Coingecko:** [https://www.coingecko.com/en/coins/moonwolf-io](https://www.coingecko.com/en/coins/moonwolf-io) +**Quickswap price chart:** [https://info.quickswap.exchange/token/0x8f18dc399594b451eda8c5da02d0563c0b2d0f16](https://info.quickswap.exchange/token/0x8f18dc399594b451eda8c5da02d0563c0b2d0f16) +**Telegram:** [https://t.me/moonwolf\_io](https://t.me/moonwolf_io) +**Twitter:** [https://twitter.com/moonwolf\_io](https://twitter.com/moonwolf_io) +**Subreddit:** [https://www.reddit.com/r/Moonwolf\_io/](https://www.reddit.com/r/Moonwolf_io/) +**TikTok:** [https://vm.tiktok.com/ZMePw5wSG/](https://vm.tiktok.com/ZMePw5wSG/) + +💵**Buying Notes:** + +* WOLF is relatively hard to buy if you aren't already on matic. Being hard to buy is not a bad thing, because you can get in before everyone else if you are willing to put in the effort. +**You need MATIC crypto on matic network to buy WOLF through quickswap.** +* You need a ramp onto the matic network. If you buy through Binance for instance you will need to pay ETH bridging fees. You can try bridging from eth to matic network using metamask and [https://wallet.matic.network/bridge/](https://wallet.matic.network/bridge/) or a cheaper option of eth DAI to matic DAI via [https://www.xpollinate.io/](https://www.xpollinate.io/) +* There are some good fiat options on the [https://moonwolf.io/buy](https://moonwolf.io/buy) page, including buying from quickswap, but they aren't all available in the US. +* The **cheapest** option is the [ascendex.com](https://ascendex.com/) / [bitmax.io](https://bitmax.io/) exchanges which are a direct onramp onto matic, but they have a *24 hour withdrawal waiting period for new accounts.* +* **US Buyers:** At this stage it looks like you have to use eth bridging or ascendex, as the fiat routes are not supported. + +**Moonwolf is just getting off the ground. There is still time to be an early adopter and howl on the moon!** + + +Hi there, + +I am writing this to just remind everyone to make sure to keep seeds in your wallet dear to you even if you don't hold any coin in that wallet. + +I LEARNED A HARD WAY !!! + +So back in 2018 there was an initiative by EIDOO wallet to drop 100 Lend tokens to anyone who downloaded their wallet. I did the first part right downloaded their wallet claimed my 100 wallets. but however, during the bear market made me complacent. As I didn't hodl any fund bought with my own hard-earned money. I somehow didn't care much about seriously taking the seed phrase. As i didn't saw myself Eidoo wallet as I was very much at ease with other wallets. + +FAST FORWARD 2020. + +Ethlend went on a tear in development. Further in between 2020 it went on with a swap of 100 to 1 Aave. + +Rest is as is said is history. Aave went on to be the token even billionaires like Mark Cuban vying to have their hands on. + +No regret though. I am just posting this to instill cautions to all who are fomoing into the cryptocurrencies ecosystem without taking the intricacies seriously. + +I have made peace with my loss. Brush my Shoulder and Bought my Bag of Aave Going forward. +**🐺AAWOOOOOOOO! The great WOLF has arisen on MATIC to wreak havoc across the** **Nine** **Chains and challenge the Gods of Crypto!** + +[**MOONWOLF.IO**](https://moonwolf.io) **launched officially on 29th March on** [**quickswap.exchange**](https://quickswap.exchange/)**, in partnership with Polygon (Matic) and Quickswap.** + +**Moonwolf.io market cap is currently around $8M and they have $1M liquidity on Quickswap. The last two days have seen saw 175% growth in price, but there is still massive room to grow and you can buy millions of $WOLF with $$$.** + +📣 **WOLF AIRDROP HAPPENING MONDAY 12 APRIL 2021** 📣 +The more WOLF you own, the more you will get! + +**🐺WOLF** is the first **deflationary** **token** on the L2 Matic Network *(by far the most popular L2 contender)* with **1% burn** 🔥and **1% autostaking** 🤖redistribution to WOLF holders on every trade! The circulating supply is 495,000,000,000. It's the *FIRST EVER* deflationary token on the Polygon (Matic) network, at a **fraction of a cent gas fees!** + +**We invite you to ascend to the POLYGON MATIC network! It's shitcoin-free, transactions basically free ( < $0.0001!) 💰and as fast as lightning! ⚡️** + +**🏆NFTS:** Moonwolf.io are dedicated to becoming the NFT leader on Polygon network! Every month on the full moon, special limited edition NFTs will be created along with monthly NFT airdrops! We have already sold our WOLF NFT Genesis 1/1 on opensea on L1. and now planning to release the related RARE WOLF ERC-1155 100/100 directly on L2 this week. We are still airdropping a few RARE WOLF NFTs. We are moving towards a fully decentralized NFT collective fuelled by the WOLF Token. + +🤝**PARTNERSHIPS:** + +* Partnered with **Polygon**. [Moonwolf.io](https://Moonwolf.io) & Polygon held a joint AMA yesterday with the Moonwolf lead dev White Wolf +* Partnered with **Arkane** NFT Matic Marketplace +* Partnered with **Quickswap** to provide additional LP incentives + +**🐺COMMUNITY:** At the core of the project there is the WOLF community.  We have an active, friendly wolf pack that operates in a decentralised creative collective. Come join us on Telegram. We call ourselves WOFLers. **WOFL is the new HODL =)** + +💰**LIQUIDITY & GROWTH:** Moonwolf.io raised 100 ETH equivalent in Matic to fund the launch of the Token. The Token got listed on Quickswap on 29th March with a very low market cap. The past two days have seen > 170% growth! The overall liquidity is very high compared to MC. Which is one of our main priorities to not only grow in terms of MC but also liquidity. + +**⚡️POLYGON** is a layer-2 network designed to bring mass scalability to Ethereum and interoperability between other blockchains. Fuelled by the MATIC crypto, Polygon is evolving into a platform to help developers bring products to market quickly. This is achieved using customizable, modular blockchain network tools and services that harness the power of the Ethereum network, without the drawbacks associated with high transaction fees and network congestion. As such, layer-2 solutions are drawing a lot of attention as the crypto industry looks to expand and interoperate. **Polygon has seen more than 20 x marketcap growth since 2021-01-01** + +**Organization:** [moonwolf.io](https://moonwolf.io/) +**Symbol:** WOLF +**Contract address:** [https://explorer-mainnet.maticvigil.com/address/0x8f18dC399594b451EdA8c5da02d0563c0b2d0f16/transactions](https://explorer-mainnet.maticvigil.com/address/0x8f18dC399594b451EdA8c5da02d0563c0b2d0f16/transactions) +**Transfer fees:** < $0.0001! +**Website:** [https://moonwolf.io](https://moonwolf.io/) +**How to buy (use at least 2.5% slippage!):** [https://moonwolf.io/buy](https://moonwolf.io/buy) +**Quickswap:** [https://quickswap.exchange/#/swap?outputCurrency=0x8f18dc399594b451eda8c5da02d0563c0b2d0f16](https://quickswap.exchange/#/swap?outputCurrency=0x8f18dc399594b451eda8c5da02d0563c0b2d0f16) +**Coinmarketcap:** [https://coinmarketcap.com/currencies/moonwolf/](https://coinmarketcap.com/currencies/moonwolf/) +**Coingecko:** [https://www.coingecko.com/en/coins/moonwolf-io](https://www.coingecko.com/en/coins/moonwolf-io) +**Quickswap price chart:** [https://info.quickswap.exchange/token/0x8f18dc399594b451eda8c5da02d0563c0b2d0f16](https://info.quickswap.exchange/token/0x8f18dc399594b451eda8c5da02d0563c0b2d0f16) +**Telegram:** [https://t.me/moonwolf\_io](https://t.me/moonwolf_io) +**Twitter:** [https://twitter.com/moonwolf\_io](https://twitter.com/moonwolf_io) +**Subreddit:** [https://www.reddit.com/r/Moonwolf\_io/](https://www.reddit.com/r/Moonwolf_io/) +**TikTok:** [https://vm.tiktok.com/ZMePw5wSG/](https://vm.tiktok.com/ZMePw5wSG/) + +💵**Buying Notes:** + +* WOLF is relatively hard to buy if you aren't already on matic. Being hard to buy is not a bad thing, because you can get in before everyone else if you are willing to put in the effort. +**You need MATIC crypto on matic network to buy WOLF through quickswap.** +* You need a ramp onto the matic network. If you buy through Binance for instance you will need to pay ETH bridging fees. You can try bridging from eth to matic network using metamask and [https://wallet.matic.network/bridge/](https://wallet.matic.network/bridge/) or a cheaper option of eth DAI to matic DAI via [https://www.xpollinate.io/](https://www.xpollinate.io/) +* There are some good fiat options on the [https://moonwolf.io/buy](https://moonwolf.io/buy) page, including buying from quickswap, but they aren't all available in the US. +* The **cheapest** option is the [ascendex.com](https://ascendex.com/) / [bitmax.io](https://bitmax.io/) exchanges which are a direct onramp onto matic, but they have a *24 hour withdrawal waiting period for new accounts.* +* **US Buyers:** At this stage it looks like you have to use eth bridging or ascendex, as the fiat routes are not supported. + +**Moonwolf is just getting off the ground. There is still time to be an early adopter and howl on the moon!** +So I decided to see how much I could earn if i participated in every free airdrop on coinmarketcap. From *TacoCat Token* to *Wagyuswap,* even *Safermoon*... Not to mention all the dog-related shitcoins: + +* DogeCola +* Golden Doge +* Baby Doge Billionaire +* DogeMoon +* ... + +**So what you want to know:** 50 airdrops got me a total of: $0,000 + +My twitter is now infected with r/CryptoMoonShots spam and emojis, my Telegram feels like craigslist and i'm too afraid to open Discord to be honest. + +**I tried this so you don't have to.** The chances of getting something are not worth the time and effort and **contamination** of your social media. **We are the product**. + +Stay safe and have a green dildo day! +I've been raising my daughter as a single mom and for a long time things have been really financially difficult. When I had her, I was still a full time student (used maternity leave at work to finish my program) and worked as many hours possible as a retail associate. I remember spending a lot of time wondering how I'm going to teach her valuable financial lessons so she ends up doing better financially than I have. + +I remember when family would give me a 100$ bill "to spend on your daughter" and having to use it for diapers or gas/ living necessities and wishing I could put it towards a savings account for her. + +Over the past two years things have been getting financially more comfortable for me (I still work retail, but I'm salaried now). I still don't have too much extra to put towards investing or anything, but I'm current with all my bills, saving a little bit monthly towards an emergency fund and saving for birthdays and events in advance (nothing big but like 40-50$ a month or every other month for birthdays and holidays). + +This year my daughter really started falling into the toy frenzy. The whole "mama buy me this! I want this!" +So earlier this year I decided to start a piggy bank (a ceramic jar we had lol) for her. Any time someone gives me 5$, 10$, or even a 20$ bill for her we put it in the jar. I told her this is money for her end of year gift (we're orthodox and our Christmas in January is really based off tradition, we've never done gifts and I didn't want her to associate Christmas with gifts, which is why I call it her new year gift or end of year gift). + +I wanted to share this because it has been huge in changing her attitude about spending and saving. When she helps me clean my car and finds change, she puts it in her jar, when a relative or friend gives her money for "ice cream" she puts it in her jar, when she asks me to buy her something ridiculous, I tell her, "well, if you want to take out cash from your jar you can do that, but then you'll have less for your end of year gift", and so far she hasn't taken any out. Also when she sees a commercial for something and tells me she wants it I'll tell her to "remember it when you go pick out your gift" + +Despite her not knowing how math works, and her only being able to count to 20, she has saved over 300$. My plan is to really sit down with her and have her help me roll all the coins and take them to the bank with me and then let her spend it herself, and encourage her to save a little bit so that for next year she's not starting right at zero. + +I wanted to share this because, as someone who doesn't have a huge amount of income and is starting to get on their feet, this has been a huge step in addressing money with my toddler. +Tl;dr: Once at fatFIRE income, where do you draw the line on DIY vs outsourcing? I'm about to outsource my LLC bookkeeping to an online service. I'm torn between feeling like this is worthwhile expense vs. something I should suck up and do myself. + +&#x200B; + +Quick overview: + +* Single-member LLC filing as an S-Corp +* 1099 contractor, new to the 1099 world as of 2018 (was W-2 employee for 20+ years) +* Expected income >$300k (a new world for me) +* CoastFI right now, should be no-kidding FI next year (\~$2.5MM) +* I hired a CPA for 2018 LLC & personal tax returns and am happy with that decision (\~$1,200/yr) +* I use an online payroll service (\~$600/yr) +* I've attempted to use waveapps dot com (free) for bookkeeping myself but didn't make it a habit + +&#x200B; + +My situation: + +* 2018 tax time was a mess. I had to flail for a week to get my expenses organized for my CPA. And only had half-assed results +* I can pay \~$1500/yr to do my bookkeeping (I'm looking at bench dot co and pilot dot com but there's lot of others, CPA's etc.) +* I realize this is a fantastic problem to have and that I'm extremely lucky + +&#x200B; + +My calculus on decision: + +* My frugal inner-self is calling bullshit and saying I should suck it up and learn bookkeeping. And make it a habit. I already pay a shit-ton for CPA and payroll. +* My rationale inner-self observes that I hate bookkeeping. I said I was going to do bookkeeping for 2018 and never did. I already feel like I have little free time. Which makes bookkeeping sounds like a candidate problem to outsource. + +I have done my own taxes forever. I've never earned this much in a single year. Paying others for these tasks is raising more "guilt" than I would have thought. + +Anyone else in this boat? Where did you draw the line between DIY vs. outsourcing when you started to earn fatFIRE revenue? + +Edit 1: updated tl;dr for clarity, added current FI-level and fixed typos + +Edit 2: "demoted" my choices of bookkeeping service; there's lots of services that do this, which service is not important to me + +Edit 3: removed URLs because photos from those URLs kept being added as banner images to the post +I'm sure many have noticed, that there can be an uptrend on 1min chart, that is in a down trend on 15min chart, that is in an uptrend on 1hr, that is in a down trend on daily chart, that is in an uptrend on weekly.. + +Should the trend you're trading with mainly depend on your time you plan to hold your position. Or should you aim to get into a position coinciding with trend that is bigger than your current timeframe, despite not planning to hold for long? + +Let's say you go in a trend that is forming on the 1min chart, should you wait for that trend to coincide with the trend that's on the 15min chart or 1hr chart? + +Let's take bitcoin as an example: It currently have a higher high and possibly higher low (if this is the current low) on weekly. But when does the current low get confirmed as a low on the weekly? Does the daily down trend need to be broken, for the weekly low to be confirmed as a higher low then previous? Lets say if the price reaches the previous low on weekly (30k area), but still has a Higher high. Does that nullify the uptrend on weekly, and turn it into a ranging market on weekly or can it still be considered an uptrend without a higher low? +I posted the original question in a [separate post](https://www.reddit.com/r/investing/comments/5f0eew/to_predict_the_stock_market_with_some_indicator_x/). + +A few people came to the right conclusion that X does not need to be causal in order for it to be potentially useful in predicting returns. + +A simple example shows why. Smoking causes cancer. It also causes people to huddle outside their buildings a few times during their work day. Does standing outside cause cancer? No. + +But does the fact that we see someone standing outside her office building on a regular basis, change our prediction of whether she will get cancer? Yes. (For clarity you can assume that you can see them standing, but not what they are doing.) + +This is no different from what all the machine learning people are doing in Silicon Valley. These engineers don't care (nor usually have a clue) about causation. They just want to make predictions. And for this purpose we don't need causation. + +When would knowing a causal relationship help? It's necessary if we are making some sort of change in the situation and want to predict the outcome. For example what will happen to the economy if we change fiscal or monetary policy in some way? This is why macroeconomists are so focused on establishing causal relationships. + +In our example, suppose we observed that standing outside is correlated with higher cancer. So we change our policy and allow people to smoke in designated smoking rooms inside the building. Would this decrease the incidence of lung cancer? + +**TL,DR:** Don't blurt out "correlation does not imply causation" without thinking whether it applies. The statement is true, but may not mean what you think it does in the context of prediction. +Hey Fatfire community - I post here occasionally, but am using a throwaway as my main account might make it possible to identify company. + +I have negotiated a verbal agreement with founder of my company for a % equity stake and we are meeting on 1/27 for yearly meeting, where I will be requesting that we get everything in writing. For those of you that have done this before, what are the nuts and bolts of getting a verbal agreement on paper? Does this require a new employment agreement, do I have to get a witness/legal help? + +&#x200B; + +Thanks in advance +Our NW is just under $5M. We have rental properties and a quiet suburban life near Seattle. Our umbrella policy is at $1M right now and it feels like we should bump it up to the max of $3M. + +How are others determining what level of coverage to have via an umbrella policy? +This whole thing makes no sense to me. It seems that news of bitcoin adoption; El Salvador, banks storing assets, states accepting bitcoin plus the fact there are tons of news about it, more companies experimenting etc... isn't doing anything. + +The price isn't going up. + +What is causing this struggle? Is it covid, what's happening with the dollar, any SEC things, or is it China again...? + +Just hoping to get a good thread started with what people, news, thoughts and opinions. +A lot of you like to gloat on us newbies that you are a 2017-18 vet, and you have experience watching your holdings halve. + +We have joined your little club now. I can’t wait to gloat on the next set of newbies on the next bullrun. I can’t wait to post stuff like “Take it from a 2021 veteran...”. + +Hodling as always. +Anyone want to shed some light on whether weekend theta gets priced in more on Friday afternoon or Monday morning? + +Sorry if I’m completely wrong, just wanted some insight +Is it just me or are rolling spreads a great way to absolutely cash in on a stock? For those of u who don’t know a rolling diagonal spread (idk if that’s the official name or not) is where u buy a call expiring in like 6+ months, and then sell calls at a higher strike every week. This way the only way u can lose money is if the stock absolutely tanks, but if the stock: maintains price/goes up slightly week over/goes down slightly week over week u should make at least 10% gains weekly. If the stock shoots up, u can just close the postition and take in a nice ~20% gain. This strategy is actually amazing, and works great as an earnings play. I don’t get why no one is using it. Anyone know some possible negatives I overlooked? +So a couple of weeks ago I wandered in here having lost almost my whole portfolio and debating getting out of the market entirely. However some encouraging members of this sub advised me of some strategies with the smaller amount of capital I still had. Since then I have been going steadily and although my gains are still small, it's nice to have some at all. So thanks Theta Gang. I hope to one day be back in the money where I can do some bigger safe spreads. +I've been using almost exclusively PMCC (long call diagonal debit spreads for the uninitiated). I own leaps which I use as collateral to sell weekly covered calls against since I have to put up much less capital. The leaps are usually anywhere from .6-.95 delta (so pretty far ITM) and timeframes are anywhere from 6 months to 2.5 years out. I usually always roll the leaps out to farther in expiration once they are within 4 months of expiration (to avoid the worst of theta decay). I usually keep about 10% of my portfolio in cash for emergency. + +I've really liked the strategy thus far and it's been working excellent for me. My only question is, preparing for the worst, what are the risks in this strategy if the market absolutely implodes? I'm not talking a COVID crash (which went back up almost immediately). I'm talking a 2008 crash- a bear market that extends for possibly years. + +My worries are twofold in this case (both contingent on the fact that leaps expire whereas stocks do not): + +1. That some of the leaps could turn OTM in which case I can no longer sell covered calls against them without putting up massive collateral (in which case I would need probably more cash than I have). +2. Some of the leaps start to approach their date of expiration. Normally, I'd roll them forward once they hit 6 months. But I'm wondering if basically EVERYTHING in my portfolio starting going down, would I even have enough cash to roll them forward? (in other words, would rolling all of my leaps once they reach 4 months to expiration be an effective countermeasure? Or would this require too much capital?) + +If I held 30-40% of my portfolio in cash I'd be a lot less worried, but 10% cash seems to me to be too little to effectively roll my leaps. Nor do I want to keep 30-40% of my portfolio in cash at all times because of the concomitant opportunity cost inherent in that for waiting for a crash which comes maybe once every 2 decades. I don't use any margin either. + +Any comments or experiences from people who went through the 2000 or 2008 crash would be even better as I'm still a young investor. I made a lot from the COVID crash, but I also understand the COVID crash was perhaps somewhat atypical of most market crashes/recessions. This question doesn't have to pertain to just PMCC specifically, but also could apply to people who owned LEAPS through this period. +For instance, I am bullish on EV/green energy stocks. I like selling options/wheeling on NIO and CHPT. I like selling calls and puts when stocks are at they are near their 3month high for calls and near their 3 month low for puts. + +However, I just sold calls for NIO and CHPT because they've been around their 3 month high. Now I have some capital to sell some puts. I'm wondering if I should just do it or should I wait for them to drop? I get that I can potentially get more premium if I wait, but there's no knowing how long that will be and time is money as well. I feel pretty good about selling a put on NIO at $35 for $.8+ exp 12/17. As well as a put on CHPT at $22.50 for $.8+. So I'm thinking I'll just do it even though they both aren't near their 3month lows. + +So I'm curious on your thoughts and how adamant you all are about sticking to strategies like this that you may have? +I experimented with NIO back in early May and June when people were still calling it a scam stock (b/c of Chinese accounting) and piling into VTIQ/NKLA instead. The play then was long straddles/strangles. I made some money on it on the call side mostly and cashed out at 14.30. + +With the EV hype train still in motion what are people's thoughts on selling CSP on NIO? And if assigned selling covered calls on it. NIO just broke $20/share. Still a meme stock or does it have legs? Thanks. +Hi there, + +I have been trading options for about 8 months and I feel I’m getting the hang of it. I am a net seller of premium and my portfolio is generally beta-weighted delta neutral with slight bullish or bearish bias, and a few extra short deltas to hedge Vega risk. + +I trade mostly iron condors, iron butterflys, credit spreads, broken wing butterfly’s, long condor spreads, long butterfly’s, CC puts, covered calls, calendar spreads, diagonal spreads, double diagonals, occasionally debit spreads, and if I’m feeling like I have balls of steel I’ll get a long option at .05% of my cash balance. + +The problem I’m having is I seem to have waaaay too much negative gamma. This last week my negative gamma has been 5 times higher than my theta. So obviously I am exposing myself to too much gamma risk and not collecting enough time decay. Why is that though? I trade almost always 45 DTE and manage at profit target or 21 DTE. + +Anyone have any advice or guidance here? I can’t seem to make the connection between my trading behavior and unnecessary gamma risk. + +Thanks guys and happy trading. +I've been lurking here for awhile but never had anything to say until now. I appreciate everyone who does contribute. + +My question is can someone who only makes earned income from trading contribute to their Roth IRA each year. I'm retired from the military and don't really need to work outside the house, but I want to still add to our IRAs each year. + +So if I earn 14k selling options can I dump it into our IRAs? +I usually trade sell Put Spreads with 30-45 DTE and close my trades with 50% profit and 100 % loss of max profit. Read somewhere that choosing wider strike prices will hit the 50% aim faster. I am aware that we should capture at least 1/3 of the strike as a credit for better P&L purposes but the wider the spread, the less the credit. How do you guys pick the ideal spread? Also some of the trades that I open start with a 20% loss from the start. Is this because my strikes are too narrow? Thanks +UPDATE: I ended up selling at $843, so I got pretty lucky here and made a little money. Definitely would not recommend this technique though haha. Thanks for all the helpful suggestions and comments! + +First, I’ve been lurking for a couple of months, so thanks for all of the help and insights so far. I’m early in the learning process and still consuming everything I can get my hands on from Tastytrade and OptionAlpha. + +Last week I sold a PCS on TSLA (FOMO got to me, sorry...) and it ended up being a miss. It was the weekly expiration, selling the 830P and buying the 825P. The stock closed at $826.16 on Friday. I was getting ready to close it out for a loss just before 4pm, but then figured that after-hours market movements can occur. I was almost at max loss already, so decided to gamble that maybe it would tick up. It ended up going down to ~$823 I believe. I was assigned/put the 100 shares based on selling the 830P, but my 825P was not exercised for me. I’m assuming that it’s because the close price was $826.16. I admittedly have knowledge gaps pertaining to after-hours as well as when my broker (TD Ameritrade) will automatically exercise my options. + +Anyways, my $80k account is now long 100 shares of TSLA, placing my account value closer to $160k with a cash balance of negative $80k. My margin requirement is now saying ~$100k, which I’m assuming I no longer meet. My questions are as follows: + +• Am I being charged interest, or does that start Monday? + +• I’m assuming this will result in a margin call on Tuesday morning, is the fastest remedy to just sell those 100 shares of TSLA first thing Tuesday morning? + +• If I feel like gambling, can I hold the shares for 30 minutes or so to see if TSLA pops up after opening? (I realize that this comes with increases risk if TSLA drops further instead) + +Thanks for the help! +I currently have two HYLN puts, one is 11/6 $30, and the other is 11/6 $25. Obviously both of those are way ITM. In hopes of not getting assigned and the stock price increasing again, I have been rolling the puts out every week or so. It has been working so far, but if the stock price keeps dropping I will have to take the loss eventually right? + +What strategies could I employ to minimize risk? Should I just continue rolling in hopes on never getting assigned and the stock price increasing again? Thoughts? + +Thank you all! +**News out this morning. The company has clarified the status of its lead product Mino-Lok.** + + +Is the Market Value of Citius Pharma (CTXR) About to Make a Big Move? + +Good day everyone, + +WE are continuing our coverage of **Citius Pharmaceuticals, Inc. (NASDAQ: CTXR),** a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products. + +Current price                                  $2.24 per share + +After closing at $2.16/share in last Friday’s session CTXR shares climbed to a high of $2.32 in early trading. Trading volume has been brisk with nearly 4M shares traded in the first 30 minutes of today’s session. + +Today CTXR [released a business update](https://finance.yahoo.com/news/citius-pharmaceuticals-inc-provides-first-132000110.html) including highlights and upcoming milestones. The company has clarified the status of its lead product Mino-Lok: + + +* On July 1, 2021, Citius reported that the independent DMC recommended continuation of the Phase 3 Mino-Lok® pivotal superiority trial as planned with no modifications or safety concerns, +* Citius expects to complete the Mino-Lok® trial by the end of 2021 or early 2022, subject to continued easing of COVID-19 restrictions in the U.S., +* Citius plans to submit a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in 2022 following completion of its Phase 3 Mino-Lok® trial. + +We urge you to read the CTXR article linked above as part of your due diligence as it clarifies the exact status of Mino-Lok in detail and dispels any recent misinformation. + +We want to reiterate that the recent interim analysis by independent Data Monitoring Committee (DMC) for the Mino-Lok® Phase 3 Pivotal Superiority Trial was a positive event and we are excited about it and the associated implications. + +2 Wall Street analysts have issued ratings and price targets for Citius Pharmaceuticals in the last 12 months. Their average twelve-month price target is $5.00, predicting that the stock has a possible upside of 131.48%. The high price target for CTXR is $6.00 and the low-price target for CTXR is $4.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy." + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The company shares have retreated 52%. How will **YOU** play the dip? + +Good day everyone, + +WE are updating our coverage of **Citius Pharmaceuticals, Inc. (NASDAQ: CTXR),** a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products. + +Current price                                  $2.15 per share + +CTXR shares retreated from their June 22nd high of $4.56/share last week after a report by the independent Data Monitoring Committee (DMC) for the Mino-Lok® Phase 3 Pivotal Superiority Trial recommended proceeding with the trial as planned. News of the interim DMC report at 65% enrollment left some investors wanting. The company shares are down 52.85% and may represent a rare buying opportunity. + +**Here is what we heard from CTXR last week:** + +[Citius Pharmaceuticals, Inc. Announces Positive Recommendation by Independent Data Monitoring Committee to Continue the Mino-Lok® Phase 3 Trial as Planned](https://finance.yahoo.com/news/citius-pharmaceuticals-inc-announces-positive-130000617.html) + +The independent Data Monitoring Committee (DMC) for the Mino-Lok Phase 3 Pivotal Superiority Trial has recommended to proceed with the trial as planned, following a unblinded data review of safety and efficacy. The DMC **did not** identify any safety concerns and no modifications were recommended. + +**CTXR and Mino-Lok have NOT experienced a negative event. The interim review by the DMC was positive news.** + +“With Covid-19 restrictions easing, we believe we are now better positioned to accelerate our efforts to complete the trial. To that end, we will continue to engage with the U.S. Food and Drug Administration (FDA) and look forward to their guidance as we advance this program," said Mr. Myron Holubiak, President and CEO of CTXR. + +We read a couple articles posted about the recent phase III interim report, downplaying the DMC interim review results and here’s the gist of them: + +“Another interim analysis has come and gone with an unsatisfying result. Mino-Lok hasn't achieved superiority over standard care yet. The Mino-Lok phase III trial is taking too long.” + +Frankly, we had hoped there would be safety and efficacy data included in the DMC report. That data has been collected by the DMC, just not reported to the company. We are reminded that the phase 2b clinical trial resulted in 100% efficacy with virtually no side effects. + +We are curious about the failure to establish superiority over the standard of care comment. The current standard of care is to remove and replace an infected catheter. It works. Regrettably too many people die from the procedure, and it can cost up to $50,000 verses, an estimated $1,500 for treatment with Mino-Lok. + +Yes, the phase III clinical trial for Mino-Lok is taking a long time. We are now 15 months into the coronavirus pandemic, an event that has shut down many clinical trials being conducted in hospitals. There are still 3,798 Americans in critical condition with covid. While most of us can now go to our favorite restaurant or shopping venue, be assured that hospitals are still operating with restrictions. + +As defined in the DMC charter, the primary role of the independent DMC is to safeguard the interests of study participants, assess the safety of the treatment, and monitor the overall conduct of the study. To ensure the protection of patients enrolled in the trial and to assure the timely and efficient completion of the study, each DMC recommendation is bound by strict parameters outlined in the DMC charter. + +The interim analysis last week at 65% enrollment, is the third one in the phase III trial and as in the prior two reports, **the DMC did not identify any safety concerns and no modifications were recommended**. That’s a big leap for any company with a drug in a late-stage phase III clinical trial. + +Let’s review some of the positive aspects of CTXR we’ve liked all along: + +The company has 4 viable pipeline products.Their share structure is small.CTXR is entering the Russell 2000.They have a hoard of cash close to $100M.Mino-Lok is a late-stage phase 3 product.A strong experienced management team.Two analysts issued a “buy” rating this year.One analyst has a target of $6.00/share. + +We posed the question above, how will you play this dip? The future of Mino-Lok does not seem uncertain, it’s likely it will be approved by the FDA this year. The company has previously stated that on their website. There will be catalysts in H2 for the company shares provided by Mino-Lok news and potentially one or more of the other CTXR pipeline products. + +It seems like CTXR shares have been oversold based upon a reaction to some questionable press and we believe the current price is a rare buying opportunity. + +[Privacy Policy and Disclaimer](https://mailchi.mp/tradersnewssource/new-report-coming-tomorrow-at-the-bell-649548?e=[UNIQID]) +I have to imagine there's a number of brave souls out there that are currently 100 percent cash. Or say 90 or 80 percent cash. It's a risky, bold move. You're basically saying that the market in general is way overvalued, and you're waiting for the eventual meltdown before entering. Totally understandable. In fact, I'm 50 percent cash myself right now. So, one foot in the swimming pool, one foot out. + +For those that have done this, how long have you been 100 percent cash? How long are you willing to hold out to get the entry you're looking for? Do you see a quick recovery after the meltdown, or a long, drawn out bear market? +I'm 16 (junior in highschool) and from a middle to upper middle class family and I'm really looking to get car so I don't have to be driven to school an hour early every morning then picked up 3 hours late after school. I just got a job at the local cinema which will pay around 500 a month. In two years I'll be in college on a bike friendly campus. This car would save me an extra hour sleep every morning and I would be home 3 hours earlier after school every day. I'm looking to pay around 200 a month for the actual car and maybe 100 a month for gas. My parents said they would pay insurance if I paid for everything else. Is this a good idea and would it be worth it with the extra time at home? +Also, what would be a good car to get and where should I look? + + +Edit: Thanks for the awesome advice guys! So far I've been told to wait and save up for a 3 to 4 grand beater truck and invest 150 to 200 on basic tools to lesrn how to repair it. I would have never thought of this without you guys and I just told my parents about this and they were really proud and impressed that I was thinking financially safe. Thanks!! + +Edit 2: a lot of you are saying take the bus, sadly I live in a different district than my school so that is not an option. Thanks though + +Edit 3: I'm trying to reply to everyone's comments saying thank you but there are just so many! So if I don't reply let me just say thank you so much for all the advice everyone is giving me! You guys are awesome! + +Edit 4: you guys are fantastic +I think I might not be the only one here thinking this.. + +I love to code, I think I'm pretty good at it. I do it professionally as well. Algotrading attracted me because of potential upside, maybe working for yourself someday. Because myself like many others here, at the end of day would just like to make some money. + +I've realized though, I just don't love learning about markets. I don't love studying charts, it just isn't for me. I like building systems/improving them/ debugging them/watching them work. Unfortunately that is obviously much less valuable as anyone can do it. I remember a relatively heavily upvoted post of a guy (claiming obviously) that too many of us in here just want to code, and don't really want to trade. Not sure who true that is, but I could see that being possible + +Those of you who find/found yourself in my shoes, what did you do? Did you focus on other things besides algotrading? Did you focus on particular parts of algotrading? Did you go into building tools? Did you work with other traders? Curious to hear peoples thoughts/ideas +More specifically, for the purpose of volatility forecasting, I'm looking for a package that estimates the parameters for GARCH and other GARCH variations using, say, a maximum likelihood estimator. + +I already have a python script which gets daily stock data from yahoo finance, so looking for an appropriate econometric package. + +Any suggestions? +I've been pretty happy with this sub in terms of having insightful and productive dialogues about algo trading. I think it's made me a better trader and so I'm looking for more of that. Hopefully, we can get a nice list going, so we all can benefit too. +Hi all, + +I recently created a python script for a custom indicator and plotted it using matplotlib, however I was considering creating a full GUI because there is some other indicators I would like to include. + +My first question is, if was creating this GUI would python be sufficient? I was considering making the switch to C# since the execution is faster, since I would be using live data for one of my indicators. (I am more comfortable with python) + +My second question is where to get my option data from, I need to pull a FULL option chain for an underlying (all currently available strikes and expires) including Greeks then make calculations using these values and plot them in as close to real time as possible. I am currently using the IBKR API which has been a struggle to pull a full option chain, is there a better source for this data? (Side project so not looking to spend a fortune) I am also Canadian so my brokerage API options are limited. I am also looking to pull time and sales data for a FULL option chain, which again is a struggle with IBKR. +Hi! + + +I am an econ/finance student with an interest in Python. My primary way of learning Python has been to just try to do as many (finance related) projects as possible and I have found it greatly beneficial and I thought it is about time I delve a little deeper into algo trading. I have played around a little with quantopian in its most simplistic sense and would like attempt something a little more complicated than just trading off indicators, which is what I have been simulating in the past. + +&#x200B; + +What I am looking for here are investment strategies to codify, essentially. They need not generate alpha, or even be profitable, but just *work* (i.e. just run) as originally intended, as this is strictly to hone my Python skills and learn some nifty finance in the process. So far I have only thought of a strategy that trades off of something like CAPM or fama french but would love some more suggestions on models, theories or just some old trading "rules" I can codify, as my repertoire is quite limited. Keep in mind that it has to be feasible to execute with quantopian with respect to the data required and whatnot. Thanks a lot for your time and I welcome any other comments or suggestions for readings that could potentially help me become more proficient at Python and its application to finance. +The biggest monthly expense is Bitcoin and it's gone up way more than 5% over the last year. + +Inflation is killing me. + +Bitcoin is become more and more unaffordable every single day. + +How am I supposed to live when Bitcoin costs so much? +Recently my phone bootlogged itself (nexus 5x). I had the majority of my backup keys saved for sites I used Google Authenticator on. For some reason I didn't save a couple because I figured it saved account wide, and they had little to no money/value to me so didn't mind. Well I found out the hard way that it doesn't save account wide. I was able to get back access to my phone by using the oven trick on my mb so that my phone would work for a couple minutes and used the authenticator to log in and shut off f2a on sites I didn't have the backup keys for. Only $160ish eth was at risk here for me. But after talking to other people I've found many people are under the same (stupid) notion I was that the Google Authenticator app saved account wide like many of the google apps do. + +For some sites like coinbase and coss they have no issues turning off your f2a if you provide the correct documentation, but there are some sites out there that won't. Be careful with your money and always have backups. This is why the best solution is still desktop/hardware wallets imo, but even with those you still need to be careful and keep backups of everything. + +Sorry for the rant, but if this helps one person I'll be happy. + +TL;DR Google Authenticator and many authenticator apps don't save account wide, if you lose your device or your backup keys you can be SCREWED. + + +Edit: My original post wasn't clear. To clarify Google does NOT save your third party authentication information on it's cloud it is only saved on the device you took that QR picture of. If your phone is lost this info is lost unless you saved a master key from when you signed up for that third party 2fa. The emergency keys google gives are for google services ONLY. They will not work on getting past the 2fa on binance for instance. SAVE YOUR MASTER KEYS! + +double edit: My first gold in 6 years of reddit, thanks whoever gave it! Tbh I was honestly scared of posting this and thought I'd get laughed at or downvoted. Glad it's helping some people out. +The very first replies in "[This is the last weekend on Earth....](https://www.reddit.com/r/Bitcoin/comments/ph77r1/this_is_the_last_weekend_on_earth/)" are about buying bitcoin on this historic day. I thought that this idea deserved its own thread. I will buy bitcoin on Tuesday, not because it's my DCA day, or because fundamentals or TA indicate 'buy', but because on that day + +* I want my participation in this revolution to be immortalized on the bitcoin blockchain; +* I want to cast a vote of confidence with the El Salvadorean people and with bitcoin; and +* I just like stacking sats. + +I hope that many here will do the same. +Me being a millennial, I am very surprised and shocked that how learning things about BTC has removed all the consumerist instincts to buy useless things that doesn't add any value in my life. + +It took me 4 months of self convincing to buy a new laptop. It was a constant struggle of me asking me "Do I really need it? I would rather buy BTC with it". It became evident that I would need it only when it will improve my life in some way. Only when I saw that I could do awesome projects that I always wanted to do and will make me happier I bought myself a laptop. And the specs that I got would last for good 5 to 6 years. + +According to me we the revaluation of what is valuable for me and what will make me happier is the real benefit of BTC rabbit hole. + +I know, there are lot of people juggling with same kind of things. Would love to know your side of the story. +Hi guys I need desperate guidance. + +I ordered a new lounge on june 5 and I purposely bought from a store that sells australian-made furniture (doing my bit). I have always eyed this store as I drive past it daily and it's quality furniture and I worked hard to save for an expensive new lounge. + +The lounge was $2000 reduced to $1400 so I was stoked. I was told to just pay $300 and the balance on delivery + $80 to the delivery guy. + +I was told from the outset it's a 4-week wait but they were having delays so he said due delivery date 17 July as an extra 2-weeks. I rang the store on the 1-month mark and asked for an update and the rude lady said they "don't provide updates until the furniture has reached the shop". I ring again on 17 July and got told there's potentially another 2-week delay as they had about 100 orders in a particular week and just have high demand. I was thinking well it'd be nice if there was some communication when customers reach their prescribed delivery date and the items couldn't be delivered. + +So here we are in my 8th week of waiting and on Tuesday I receive a text message from the shop saying due to high demand blah blah there are delays and to please expect another 2-4 week delay but "rest assured the parts have been ordered" and "please do not call as we may not answer the phone". + +Fuming, I sent them an email (as the message said to not call) and said I've been asked to extend my wait three times and have been pretty tolerant, there was obviously delays from the outset, I need a lounge asap and if the materials have only just been ordered can I please have my $300 deposit returned. No response. + +I go to Harvey Norman the following day and ask if they have anything I can take today, there wasn't much but there was one couch I loved and they had one at the warehouse available so I said I'll take it. + +Fast forward to today and the store I got my original lounge from calls and says my lounge is ready. I said I emailed and asked for a refund as I was sent a message saying it'd be another 2 weeks. He goes oh that's just a generic message sent to everyone, and I said well why did I just receive this message in my 8th week of waiting?! I said I would call him back as Harvey Norman were delivering my new couch (I didn't tell him that) in the next hour and I'd have to sort something out. + +I was so sick of waiting, I've been without a lounge for 8 months, I was asked to extend my wait 3 times and my patience ran out after the text message. + +Am I right to ask for a refund? I was acting on information I received (that I'd be waiting another two weeks). I have high anxiety so am really sick with worry about how I'm going to tackle this conversation. + +Thank you for any help +https://www.cnbc.com/2020/08/24/bytedance-investors-seek-to-use-stakes-to-finance-tiktok-bid-sources.html + +Some ByteDance investors, including investment firm General Atlantic, are vying to own large stakes in the TikTok assets for sale, the sources said. Under their restructuring plan, Microsoft or Oracle could receive a minority stake in the assets, the sources added. + +The TikTok assets for sale could be worth between $25 billion and $30 billion, the sources said. To help fund their bid, the ByteDance investors are discussing exchanging some or all of their stakes in the Chinese company with equity in the TikTok assets, according to the sources. + +Microsoft remains the lead bidder for the TikTok assets because of its deep pockets and technical capacity to design new algorithms for TikTok that will be separate from ByteDance and its Chinese short video app Douyin, according to the sources. +Hi everyone, + +&#x200B; + +I am looking for a bit of guidance on where to go from here. I am in a significant amount of debt due to an online gambling addiction. Safe to say gamstop is my best friend and i am now clean from it, betting in shops doesn't interest me and i don't do that either. Nobody is aware of the situation, i think i can handle it it with the right guidance and i dont want anyone knowing. I know i'm an idiot, but understand i was in a desperate brain fog to afford the habit and am now out of a crazy spending addiction. + +&#x200B; + +So to start i will show you the current situation, the format is Loan Type and Name - Amount - Monthly payment - last payment date - APR + +&#x200B; + +Lendable Loan - 5400 - 248pm - Jan 2025 - 47% + +Halifax Loan - 1800 - 95pm - June 2024 - 19.25% + +Ikano Loan - 75 - 75pm - June 2022 (Last payment end of month) + +Mr Lender Payday - 89 - 89pm - June 2022 (Last payment end of month) + +Marbles CC - 1200 - 50pm - 29.7% + +Vanquis CC - £250 - 20pm - 34% + +Capital One - £450 - 31% + +Barclaycard - £400 - 30% + +Monzo Overdraft - £750 + +&#x200B; + +TOTAL - £10,330. (est) + +Other bills + +Car Finance, Insurance - £260pm (Will struggle to get rid of car) + +Phone - £70pm until november + +Fuel/Rent - £200 + +After adding up my total bills are around £1200 per month. + +My minimum earnings are 1800 but top out around 2100 with overtime most months. + +&#x200B; + +Where do i start with this? I can't consolidate my credit is too bad. + +&#x200B; + +Thank you +Hello, + +I'm asking for a friend who doesn't use Reddit. This friend moved to France last year and has started working remotely for a UK company in the last few months. They pay NI through PAYE but no income tax due to the low income threshold. + +Now they want to register with the French equivalent of HMRC as they look to settle in France long term (dual French UK citizenships). Does anyone know if they need to inform HMRC about this and how this would affect their taxation? Also any guidance on where they can find some advice about this on the French side would be very appreciated. + +Thank you. +I've got a decent amount of time each week between traveling, training, eating etc. I'd like to use this time to develop my financial understanding and the possible options available to me as much as possible. I'm very much a beginner so nothing too mind boggling would be ideal. + +I enjoy reading posts on here with people discussing Emergency Funds, Premium Bonds etc that I had no idea existed before joining here. + +If anyone has any recommendations about what else they think I should look into more, I'd like to hear that too. + +I'd like content that I can get my teeth stuck into a little more than just reading the posts on here. Preferably stuff that would be of use to me here in the UK. + +Can anyone recommend any podcasts, youtubers, audio books, or is there anything else you would recommend? +The title says it all. Crypto is dominated by software engineers who think they are more knowledgeable than they actually are, especially when it comes to fields like economics and finance that are FAAAAR out of their wheelhouse. + +Terra's failure was a failure of economics more than it was a failure of engineering. Even the best software engineers are only as good as their inputs, and they had shitty inputs. They thought they understood supply and demand. They didn't. They thought they were coming up with something new. They didn't. + +The whole Terra/Luna "mint and burn" mechanism is also known by another name in TradFi: the [Death Spiral Bond](https://www.investopedia.com/terms/d/deathspiral.asp). It is such a bad idea that it is only employed by the most desperate of companies because of how easily it can get out of hand. For an industry where innovation and meritocracy are supposedly valued, you'd think someone with even a sliver of influence would have recognized it for what it was and raised warning bells. But describe Terra's mechanism to a single TradFi financial advisor or analyst, and they will politely decline your business and laugh at you when you walk out the door. + +But if you think Terra is the only major crypto project that is deluding itself with overly optimistic assumptions about how economics works, you've got another thing coming. + +That should give you an idea of just how **incredibly** immature this industry really is, how little actual expertise is working on these things, and how much all of it is still in the experimental stage, even so-called "blue chips" like Bitcoin and Ethereum. + +Even Satoshi was a terrible economist. He thought Bitcoin would make for a good digital cash, and it ended up turning into something no one wants to spend ("HODL!") because everyone's too afraid it'll moon the next day. That makes it an objectively bad currency. And Bitcoiners are not alone in this. If you've ever praised "deflationary tokenomics," you're guilty of it, too. + +Compounding ALL of that is the fact that the crypto industry **as a whole** is less than 15 years old. Ethereum is barely seven years old. And DeFi is less than two years old. Even the guys who invented Solidity don't have a decade's worth of experience in the language. + +I'm not being anti-crypto, I'm just being realistic. I'm still invested (\~10% of my liquid net worth) and still DCAing. But fuuuuck, I can't wait until this community gets its head out of its own ass about how "innovative" crypto is and how it will eat the TradFi industry, and just focus on building good and functional products instead of turning into moral philosophers about economics and politics. +Okay guys, looking for some general financial advice and tips on preparing for parenthood. We are hoping to start a family towards the end of 2021. We both currently work full time but I intend to go down to part time hours. We have no family nearby for childcare help. So any childcare advice also welcomed. + +One tip I read was to start acting as if you only have 1 salary now and save the full amount of second salary for 6-12 months. We already live well within our means, so don't need to look at current outgoings other than becoming a bit more frugal with our food shopping bills. + +How did you prepare for it? Did you find a big increase in outgoings for childcare and baby supplies/food etc? Is there anything you wish you had known? +We could just have all current mints print this currency instead of their nations, things would be so simplified in terms of travel. National bank notes could be exchanged to the international currency. What reason are they not doing this? I'd imagine there is one, considering it hasn't been done already. + +Edit: just noticed I said "a international". My bad. "An international" is correct. +**Why does the US seem like it's doing worse? Does the US get scammed by companies? Why is it that when the state or federal government wants to construct or build something it seems that it cost way more than compared to a company, with equivalent quality or better? Also if we spend so much money on oil and subsidizing it, why don't we switch to nuclear or something renewable, so we can just export most fossil fuels and what I assume increase wealth.** + **Sorry for so many questions!** +Hey all, first time posting here so idk if this is where it should go. + +Everyone is seeing a decline in the housing market, rise in home prices along with skyrocketing mortgage rates. I am just curious what everyone thinks is going to happen with this recession? I’m 30, and own a successful construction company and I’m starting to get nervous. I’m still staying plenty busy but it seems like a lot of people aren’t. Do you guys think it’ll be as bad a 08/09? You think housing will continue to crash? Haven’t had a business or been around in the workforce for a big crash which I think is coming. Any opinions out there? +Long-time anonymous reader and (relatively) new member here! Found fewer psychedelic DD's lately than I'd hoped, so thought I'd provide one of my own to spark discussion. This is a new and growing sector, and I strongly believe it deserves more attention! I’ll cover it in three sections: a quick Psychedelics intro, a brief DD on MindMed, and then an overview of the sector as a whole. + +&#x200B; + +**Background on the Sector** + +There are three topics everyone who wants to understand the Psychedelic Sector needs to know up front: + +**1) Intent:** This sector is fundamentally different from the Cannabis Sector in a large way. The target market is primarily medicinal uses rather than recreational uses. Cannabis has a large recreational movement, where psychedelics have a small one. While this may deter some folks, I find it reassuring: to play in this space a company must be serious and committed. + +**2) Diversity:** There are a number of drugs in the psychedelic space - psilocybin (mushrooms), LSD (acid), MDMA (ecstasy), ketamine (anesthetic), to name a few. Each is in some stage of clinical trials, and each company is attempting to use different ones to treat different mental and behavioral health conditions. These conditions are diverse as well, though the largest target markets include ADHD, anxiety, depression, PTSD, and drug and alcohol addiction. + +**3) Delivery:** Psychedelic research today is not seeking to put high volumes of over-the-counter mushrooms or LSD pills in your local CVS. Psychedelics are being researched in controlled microdoses, and the intended delivery is by trained therapists through guided psychotherapy sessions. Psychedelics on their own may give your mind a period of disconnection and subdued feelings of fear, but with proper guidance from a trained therapist this period also becomes an opportunity for "rewiring" old mental blocks that lead to mental illness. Some people begin to break through chronic mental health barriers in just a few appointments. CNN recently covered the sector in an hour long special under Lisa Ling's "This is Life" series called "Psychedelic Healing" (Season 7, Episode 6). This demonstrates the delivery method well, as well as several early success stories. It's available on several paid streaming services, including Amazon Prime and Youtube, but I'm linking a [CNN article](https://www.cnn.com/2020/12/20/opinions/psychedelics-trauma-healing-this-is-life-heacock/index.html) on the episode so you can get the gist of it abbreviated and free. That being said, I highly recommend watching the episode if you have access to it! + +&#x200B; + +**MindMed DD** + +Though my summary is below, don’t just take my word for it! MindMed has an incredibly well organized [website](https://mindmed.co/) where you can see much of this for yourself. + +*As an investor in a sector with a diversity of molecules and a diversity of applications*, you want a company that has a diverse approach. **That’s MindMed** \- which is in Phase 1 or Phase 2 trials with each 18-MC, LSD, MDMA, DMT, and psilocybin tackling a variety of conditions, including anxiety, opioid withdrawal, ADHD, and cluster headaches, to name a few. This diversity give MindMed a high chance of having not just one, but several breakthrough molecules. Kevin O’Leary (yes, Shark Tank’s Mr. Wonderful) is perhaps the most well-known investor in MindMed. He does a great job summarizing MindMed’s uniquely strong position in this [video](https://youtu.be/Vo-HA1-TaFQ) recorded by TraderTV Live about a month ago alongside MindMed’s CEO JR Rahn. + +*As an investor in a sector that requires integration with therapists*, including new tools and training, you want a company that is developing more than just the necessary drugs. **MindMed is the whole package.** MindMed has paired with NYU to develop therapist training strategies and has announced its launch of Albert, a digital medicine division meant to tie it all together. MindMed's recent announcements have indicated they are actively hiring to give this division more depth and to potentially undertake an acquisition in the digital platform space. MindMed is already thinking about **how** we make this work. In the future, a therapist will have use this digital tool to keep a list of psychedelic options catered to a host of mental conditions, and each will be tied to delivery strategies and training. MindMed's wholistic view from clinical trials through implementation is what sets them apart from others in the sector. + +*As an investor in a sector that is "breakthrough" in nature*, you want a company that has the right leadership. In January, Robert Barrow entered the MindMed team as the Chief Development Officer. Robert brings extensive knowledge of psilocybin research, but more importantly he was part of securing the Breakthrough Therapy Designation with the FDA for his prior psilocybin program (Phase 2 Clinical Trials) at the Usona Institute. MindMed hopes to secure similar breakthrough designations for their trials and fast-track them. Bruce Linton, former Canopy Growth (CGC) Chairman and CEO, sits on MindMed's Board of Directors. Dr. Halperin Wernli and Carol Nast, President and COO respectively, each help round out the management team with over 50 combined years of leadership in drug and product development in emerging markets and heavily regulated environments. + +Finally, I know every investor wants to know how much the stock price will move over time, so here are a few catalysts to think on: + +**Short-term catalyst:** MindMed has applied to uplist on the NASDAQ, which will open it up to a myriad of retail and institutional investors who currently don’t have access to the stock on the NEO. There’s some speculation around when the uplisting will come through, which is best recapped on Reddit [here](https://www.reddit.com/r/MindMedInvestorsClub/comments/kwkzby/the_endall_beall_mindmed_nasdaq_uplisting_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Thanks [u/darrinkoehler](https://www.reddit.com/u/darrinkoehler/) for the fantastic, and specific, DD! + +**Long-term catalysts:** This is more obvious, but of course any trial milestones are catalysts! I’m particularly excited about August/September this year when we expect Phase 2b trial results to begin rolling in, though Phase 1 announcements will continue to occur as the portfolio grows as well. With any luck, breakthrough designations will accelerate trials and portfolio growth further. + +&#x200B; + +**Psychedelic Sector DD** + +The Psychedelic Sector is perhaps best represented today by the new Horizons ETF: PSYK, listed on the NEO the last week of January. You can find the ETF summary [here](https://www.horizonsetfs.com/etf/psyk). Three companies make up the largest holdings: MindMed, Compass Pathways, and Numinus Wellness, though 14 others are also held in the ETF. A quick summarized list of the top half of the holdings: + +* **Compass Pathways (CMPS)** [Website](https://compasspathways.com/) + * Primarily psilocybin for depression + * Received Breakthrough Therapy designation from FDA in 2018, currently in Phase 2b trials + * IPO'd in 3Q 2020 on the NASDAQ; Largest player along with MindMed +* **MindMed (MMED/MMEDF)** [Website](https://mindmed.co/) + * Diverse portfolio - described above + * Listed on the NEO in 1Q2020, also OTC; currently seeking NASDAQ uplisting +* **Numinus Wellness (NUMI/LKYSF)** [Website](https://numinus.ca/) + * Ketamine, psilocybin, and MDMA for depression, PTSD, and substance abuse + * Potential catalyst with Health Canada revision of Special Access Program (SAP), allowing access to psilocybin and MDMA outside of clinical trials. Revision decision expected this week. + * Listed on TSX in 2Q 2020, also OTC; Focused on Canada market and licensing at present +* **Seelos Therapeutics (SEEL)** [Website](https://seelostherapeutics.com/) + * Ketamine for suicide, depression, and PTSD; a number of other drugs in the pipeline for gene therapy, ALS, and Parkinson's + * Listed on NASDAQ +* **Cybin (CYBN/CYBNF)** [Website](https://www.cybin.com/) + * Currently has more than half a dozen patent filings for a variety of drugs and psychedelics. Currently working more as a discovery platform for new molecules. + * Listed on NEO +* **Greenbrook TMS (GTMS/GBOKF)** [Website](https://www.greenbrooktms.com/) + * Uses Transcranial Magnetic Stimulation (TMS) rather than medication to treat depression, among other conditions. Definitely the oddball among the ETF, but similar end goal. + * Listed on TO; applying to uplist on NASDAQ; completed share consolidation (5:1) last week to meet NASDAQ share price requirements +* **Field Trip Health (FTRP/FTRPF)** [Website](https://www.fieldtriphealth.com/) + * Ketamine for anxiety and depression; ketamine is available today though it is an older known antidepressant, so treatment programs and psychotherapy sessions are active today. Ketamine has a relaxing effect rather than a rewiring effect, so long-term efficacy compared to other psychedelics is debatable + * Listed on CSE, also OTC +* **Red Light Holland (TRIP/TRUFF)** [Website](https://redlighttruffles.com/) + * The recreational play in the ETF; sells legal magic truffles and microdosing kits; purchases are restricted to those 18+ in the Netherlands; expansion would be possible with legalization elsewhere + * Listed on CSE, also OTC +* **Revive Therapeutics (RVV/RVVTF)** [Website](https://revivethera.com/) + * Psilocybin for meth abuse, as well as half a dozen patents for psilocybin delivery (gum drops, oral strips, capsules, etc); portfolio includes other drugs, including bucillamine as a CoVid-19 treatment and cannabidiol oil for hepatitis + * Listed on CSE, also OTC + +&#x200B; + +**Final Thoughts** + +This last bit is for a good friend of mine who’s needed convincing on getting into psychedelics. If you believe the sector is too speculative or fear that clinical trials will fail, this bit is for you, too. While I share this fear for the countless drug trials outside this sector that each feel like a shot in the dark, this is fundamentally different. Psychedelic effects are much better understood (these aren’t new lab creations - people have been using psychedelics for decades!) and there are already hundreds of accounts of positive mental change with psychedelic assisted therapy. If you have doubts about success cases, read the CNN article and video mentioned above or do your own search for a few cases - they’re everywhere (including the company sites above) and they’re well documented. At this point, clinical trials feel like a formality rather than a true test. To make the case even stronger, psychedelics coming out of successful trials will be compared to current mental health treatments before becoming mainstream. The current market isn't much of a competitor - Prozac is synonymous with false happiness, and many people under similar treatments feel bound to their drug living within a shell of themselves. Psychedelics can be a more effective treatment that truly resolves a mental block at its source, and I truly believe they will change the way society approaches mental health. + +As if it weren’t obvious, I’m a big fan of a change in the mental health space and I’m long in the Psychedelic Sector, with a lean towards MindMed. I’m not a financial advisor, you should do your own research, and on top of that I think you’ll find it’s fun to create your own DD! + +Cheers to this being the first of many DD posts! + +Edit 1: Had a mod encourage me to share my positions. MindMed - 100k shares @ $0.75 avg, NUMI 30k shares @ $1.05 avg, and honorable mention: EHave (EHVVF) - 300k shares @ $0.10 avg. For those curious, Ehave is a smaller player with large growth potential, playing in the digital/blockchain space just as heard as the research space. I've already pinged Horizon ETF for why they're not included in their ETF. I'll follow up with an edit once I hear more ;) +Honestly...it’s getting absolutely ridiculous that amount of times posts are being repeatedly posted by some users. Look, there isn’t 2 people online and if you were around long enough you would remember we have had this problem before. We don’t need post after post saying “all shills have left”...they haven’t...you have been the 5th person to post this in the space of 10 minutes so have a bit of sense please. You’re just blocking up the sub with needles karma farming posts that you’ll be downvoted for. + +I actually think mods are doing a great job removing them but maybe we should start leaving them up until they get downvoted big time and the OP receives a posting ban for awhile + +Also, let’s have another massive day GameStop + +💎🤲 +And I am seriously asking, I’m a 2020 baby, not that expert, I really want to know what stops it, is it the market cap? Is it totally posible or is it delusional, what I wonder tho is Can it pump a la SOLANA? + +Now with smart contracts ADA will have a real use and let’s be honest Cardano has one of if not the best teams in any crypto project if not the best, yes I used to make memes of ADA for not being useful for shit, *but* is this a BIG opportunity? + +Im really asking for educational purposes please don’t shit on me, I’m sorry if this post is stupid hahahahaha, love you guys and thanks in advance for educating me. + +Also I hope you get that bag! +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 3% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1.5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +This is something I've been invested in for over a month now. This is an excerpt from their latest post + +*"The project has quite a few ambitious products in its sight. Be it* [*Rocket Drop*](https://rocketbunny.medium.com/rocket-drop-a-fresh-approach-to-yield-rewards-and-opportunities-97b31478558)*,* [*Rocket Labs*](https://rocketbunny.medium.com/fun-times-at-rocket-high-4c6501c89657)*,* [*PocketSwap + Rocket Bridge*](https://rocketbunny.medium.com/pocketswap-were-almost-there-d12a4a06620f)*, or Bomb Shelter, they're all designed to do things a bit differently. They're also all designed to work in tandem for both $BUNNY and $PBOM holders. With that in mind, the cryptosystem umbrella under which these all fall has been dubbed the "Rocket Sphere". As time goes on and more functionality is enabled between all the moving parts, a fully-fledged rocket will slowly take form, taking all $BUNNY and $PBOM holders for quite the ride. "* + +Price wise were currently at .00000000001735/bunny, and bunny is being burned and distributed with every sell. At first it looked like a useless money grab coin but I stuck with it, read more, participated more in the telegram, and talked to the Devs. This isn't just a coin, its an ECOSYSTEM. This system will have its own coins, bunny/pbom on BSC, but also launch new coins on its platform with liquidity advancements. They've partnered with [Leslie David Baker](https://www.instagram.com/p/CNZPi44nl-U/) to launch his charity coin "Stanley Nickels" based on a meme from his character in The Office. Not only will new coins launch off this platform, it will also launch an exchange called PocketSwap to rival uniswap and its competitors. Once Rocket Bridge is launched (another project!) you will be able to swap coins from different chains seamlessly on the exchange, like ADA->ETH etc... + +I just cant stress enough how good of a long term investment this is going to be. The price is fluctuating now because of low liquidity and market cap, due to the coin being so new. This is the time to step in a get a million, or a billion tokens. Once this all launches and is working like a well oiled machine you will be sitting on returns that will surpass DOGE, SHIB, AKITA, and all the other coins that have very little utility beyond making a few people very rich. + +Do you want to be one of those few people? now is your opportunity. Here is all the relevant links, the first one will be to their latest update post on their reddit. Full disclosure that I'm invested in this project to the tune of 26,864,898,892,199.00. This balance has changed dramatically with portions of all sells going to holders. So to me its a set it and forget it type deal. ill check in every few weeks, + +Latest reddit update - [https://www.reddit.com/r/RocketBunnyCrypto/comments/mskr8r/so\_whats\_going\_on\_at\_rocket\_bunny/](https://www.reddit.com/r/RocketBunnyCrypto/comments/mskr8r/so_whats_going_on_at_rocket_bunny/) + +Website (whitepaper)- [https://rocketbunny.io/](https://rocketbunny.io/) + +Medium articles- [https://rocketbunny.medium.com/](https://rocketbunny.medium.com/) + +Twitter- [https://twitter.com/RocketBunny2021](https://twitter.com/RocketBunny2021) + +Telegram- [https://t.me/RocketBunnyChat](https://t.me/RocketBunnyChat) + +Staking Dapp- [https://drop.rocketbunny.io/](https://drop.rocketbunny.io/) + +Please read up and if you think its for you? invest and come join us in the TG channel, if not I wish you the best of luck in your investing adventures! +The mods may just delete this one but here goes: + +I’m a school teacher and just pondering what all the possible motivations there are for learning about the market. Is it because you were good in math? Want to learn how the world works? Just want to make more money? +**TL;DR -** No. Take some time to properly ingest the full material you're reading, and come to your own conclusions based on it. Getting some wrinkles on that brain of yours will do you a world of good, fellow ape. + +**EDIT 1:** A few people have left comments mentioning the CTA system reboot today. I was going to mention it in this post, but I totally forgot about it while focusing on everything else in here, my bad \^\^' If you haven't heard much about it, [here's a good summary post](https://www.reddit.com/r/Superstonk/comments/n63rt9/proof_that_the_1m_missing_volume_was_a_bug_quit/). + +Personally, I think that both theories are valid at the moment - I don't think either of them disprove each other, rather they're just two competing ideas. I'm interested to see which one turns out to be more accurate. My main issue with the CTA reboot theory in my opinion, is that it fails to adequately explain why the negative candle occurred. The verbiage on the CTA alerts page is a little ambiguous, but in particular, they've stated that "CTS/CQS will notify of corrected data sets when available". This implies to me that the volume data lost was recoverable, and that the recovered data would be sent to subscribers. If the data did come back in at some point, then why did we get a negative candle? If anything at all, shouldn't there have been a big positive candle that contained all the day's missing volume? Even still, I'm not really sure what about that system going down explains the after hours candle. + +Again, to reiterate - I think that both my theory and the CTA reboot theory are valid theories at the moment. There's not enough concrete data to prove either one as the correct one at the moment. This is exactly why I created this post - to get more discussion going about what really happened here. + +=== *Original post begins here ===* + +It seems like the past day of trading has been quite the doozy. Lots of strange, exceptional events. I've been thinking about it for a bit, and I think I've come up with a theory to explain what happened yesterday. If this all checks out... buckle up apes, there's an imminent shitstorm coming our way. + +I smell burning. It seems to me as if the market has caught fire. And as I'm sure we were all taught in primary school, you know what to do when you catch fire: *stop, drop and roll.* + +**DISCLAIMER:** This post is speculative, and I offer no guarantee as to the accuracy of the statements provided below. The content of this post is presented with the purpose of promoting further discussion and investigation into recent events, and is not to be construed as financial advice. I am not liable for any damages that may arise as a result of acting on the information presented below. Always remember to not let your biases get in the way of your judgement, and do your own DD. + +Secondary to this - please, counter this in the comments. This is largely speculative, and the more apes we can get scrutinizing this post, the more accurate we can make it. Remember, apes together strong. + +## Recommended Reading + +These posts have done an excellent job of reading the numbers of yesterday, and this post builds off their conclusions and findings to build a fuller, more complete theory. I strongly advise you read these posts before continuing. + +* [https://www.reddit.com/r/Superstonk/comments/n5trot/i\_dont\_to\_tout\_the\_horn\_without\_knowing\_anything/](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) +* [https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel\_margin\_call\_1m\_missing\_shares\_the\_trading/](https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel_margin_call_1m_missing_shares_the_trading/) + +# Stop - The 11:27am Market Halt + +The first odd event we saw yesterday was a 5 minute trading halt across the whole NYSE. A halt that went seemingly unexplained. As we've seen already, it looks like the total volume traded from market open to the halt comes pretty damn close to the huge negative volume candle in AH trading (we'll talk more about that one in a bit) - 1,016,670 shares traded, 1,015,953 shares removed by the negative candle. What I think happened here is the same thing other posters have theorized - **a market maker was hit with a margin call.** + +Here's what I believe the sequence of events was: + +* Our market maker in question started the day, going about their business, making the markets for GME, as they have been for a while already. +* However, our shady little market maker has been engaged in some very suspicious shorting activity lately - even opening more shorts that very same day (take a look at that dip around 10am, that looks like a likely spot to run some short attacks to me, at least). +* Their shorts have been pretty precarious on their books, and both their reduction in value and the market makers increase in GME short positions is getting them dangerously close to their *maintenance margin* (in other words, what others have been calling the "margin call trigger price"). +* A margin account's [maintenance margin](https://www.investopedia.com/terms/m/maintenancemargin.asp) is based on the current market price, and the equity that the account holds in their positions. The equity in the account must be at least 25% of the total market value of the assets, although brokers can set higher percentages as they please. By opening more short positions, they increase their equity in the account, but not by as much as the increase in total market value. Because of this relationship, more short positions = lower price to hit the maintenance margin. +* This market maker has been toeing the line with such razor thin distances that through their earlier positions opened, they brought their maintenance margin to riiiight above where GME opened for the day. +* Somewhere, as the price was increasing prior to the halt, the maintenance margin was tripped, and our scummy market maker in question was hit with a margin call. +* Realizing that they're in deep shit, and have to get this sorted *right fucking now*, they closed up their market making functions for the day. This is where the halt comes in - because they closed up, all their orders for the day have to get rerouted across the market, and the NYSE gave a 5 minute halt to let all those orders shuffle around. + +After the halt, trading proceeded fairly regularly for the day - well, as regular as you can get for GME. That is, until... + +# Drop - The Negative 1M Volume Candle + +Early on in after hours trading, we saw a pretty fucking huge anomaly come in - a candle showing a volume of -1,015,953 trades. What the fuck happened here? How do you get negative volume? I'm not sure myself, but I have a guess - and I think this *may have been a slipup from the NSCC.* + +The NSCC has this thing called Continuous Net Settlement (CNS for short), where instead of clearing every member's trades as they come in, they *net* the member's trades over the full day, and settle trades based on that net position. As an example, let's say Member 1 makes the following trades on a day: + +1. Buy 100 shares of XYZ +2. Buy 50 shares of XYZ +3. Sell 100 shares of XYZ + +CNS would combine all these trades into one position, adding purchases and subtracting totals. In this case, Member 1 has a net position of 100+50-100 = 50 shares, so CNS adds 50 shares to the member's account. + +So what's this got to do with the negative volume? What I think happened is (**BIG SPECULATION HERE**, I haven't done enough research to say for sure that this is how things work) that when our market maker closed up, and got their orders rerouted, the rerouting didn't show up as volume on the markets, so the market maker kept their orders on their reports. However, once CNS was run for the day, it found that our market maker *didn't have the ability to settle their orders reported*, so all their trades were cancelled, and *wrongly reported as a decrease in the amount of shares traded*. I say wrongly here, because those "cancelled" trades still happened - they just happened during the reshuffle in the earlier market halt. It would also explain why most places aren't reporting volume with the negative candle factored in, and instead showing 2.8M - the negative candle was an accounting slipup. But oh boy, was it an insightful slipup - if what I've laid out here is true, then we can come to the following, very interesting conclusions: + +* One market maker has represented almost the entirety of volume for GME - the difference between the total volume between market open and the halt is tiny, so our market maker here must have been handling almost all the volume. + * Alternatively, it's possible that multiple market makers were hit with a margin call yesterday, with the negative candle being the sum of all their trades. That would take some serious planetary alignment to happen, though - I'm thinking it's more likely that it was just one huge player instead of multiple, slightly less huge players. +* There's an incentive here for the market maker to keep liquidity low - the less trading activity, the less chance for big price movements, so they keep routing buys off to dark pools and OTC trades, and keep the sells on larger exchanges in an attempt to control the price, and keep it within the bands they like. Unfortunately for them though, yesterday *they lost that control,* when they halted their market making operations. (**EDIT 2:** This is assuming that this margin call they received today was the one that takes them out. It might be - but it also might not be. Keep that one in mind when thinking about this point.) +* Finally, the big one we've all been hodling out for - a big fish with a big short position has had a big margin call and is shitting the bed big time. Things are going to start getting very interesting from here on out. + +# Roll - To Be Determined + +So, to our little market maker - what's your next move? Do you start rolling, and get to covering those short positions as soon as you can to put out the fire you've found yourself in? Or is it already too late, and is it only your head that's going to do the rolling? Time is rapidly running out for you, so you better start acting fast. + +We're not the ones on fire. It costs us nothing to keep hodling. But it costs you everything to ignore the fire that's about to engulf you. + +Tick tock. + +Obligatory 💎🙌 and 🚀🚀🚀🚀. +When Gary Gensler posted the video that CNBC took down - his message was, “the world needs to see this!” Gary made a statement - what I said on CNBC - is something I stand behind - and you can’t pull that video off the air / how dare you edit me? + +I was being an asshole and making shit posts about Gary. After his actions today I think most of the sub has agreed that we all like Gary and some serious change is coming. + +Gary, if you’re out there. Sorry for being an asshole and I’m grateful for the work you’re doing. + +I think that you Beautiful 🦍s put enough pressure on the regulators to do something by using reddit as a voice. It really is an intersection of finance and technology. + +So thanks Gary, now we are in the RED ZONE apes, get ready everyone!!! 🦍 🦧 🦍 + +Just an edit : I think a lot of apes were tired of the abuse and felt that was the only way to get thru to ppl - the apes are about life and love and we want people to see that / I’m going to hold myself to a higher standard going forward - we had to kick and scream and now we can chillax + +Gary sorry for making bad posts about you. They were removed and deleted and You’re appreciated. +https://www.startribune.com/big-player-in-north-dakota-oil-industry-files-for-bankruptcy/569286172/ + +> U.S. shale producer Whiting Petroleum Corp. — a major player in North Dakota — said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 a barrel. + +> The recent slump in oil prices has left producers scrambling to restructure their debt as the economic fallout of the coronavirus pandemic and an oil price war between Russia and Saudi Arabia have led to a 50% drop in crude prices since the beginning of March. +> +> Once the largest oil producer in North Dakota's Bakken region, the company has seen its market capitalization shrink to $61.5 million from as much as $15 billion at its peak in 2011, when investors were first discovering the burgeoning shale sector. +> +> Whiting said on Wednesday that it reached an agreement with some of its creditors to cut its debt by about $2.2 billion through an exchange of some of its notes for 97% of new equity in the reorganized company. +> +> Existing shareholders will own 3% of the reorganized company. +> +> **The company had $2.8 billion in debt as of Dec. 31 and more than $585 million in cash on its balance sheet.** + +... + +> Reuters reported recently that Oklahoma energy producers Chesapeake Energy Corp. and Chaparral Energy Inc. as well as natural gas producer Gulfport Energy Corp. are all working with debt restructuring advisers or investment banks to shore up their cash reserves. +As the title says, + +https://www.btcnn.com/venezuelan-government-anchors-its-minimum-wage-to-their-cryptocurrency-the-petro/ + +Right know people are at the streets crazy trying to buy ANYTHING most stores are closed. + +Living and surviving here, AMA! + +Edit: It's done. 5 zeroes were knocked off. Minimum wage will be 52 Bs. until September 1st (When it will get raised to 1,800 Bs.) today one USD is trading around 100-120 Bs. and one BTC is around 900,000 Bs. +Combined we earn $120 K annually, we have $10 K in an emergency fund and just had our second daughter and my wife keeps insisting we get health cover. My wife says it’s near impossible to not have private health cover now that we have two kids and we both need work done on our teeth and I also wear glasses. I look at the amounts for this and they just seem ridiculous, would appreciate advice as some of the Australian concepts and terms are new to me +For those of you that have been day trading for a long time now, what are your thoughts on day trading in downtrends or bear markets? I feel as if we could be heading into a recession sooner rather than later, and I’m worried because I’m just starting out day trading full time. As of now I’ve been trading crypto, but I’m considering jumping into the regular stock market +F it. I'm in for the parabolic run. haha. + +https://preview.redd.it/8th4wb58i6x91.png?width=2622&format=png&auto=webp&s=0cb1c44fd533ceb1202b6f9c0200ae75e8000dee +A while back, I sought treatment for depression and got medication. + +This week I have realized I am slightly less-poor because I am finally getting it treated. On the one hand, it should be obvious. But it is NOT obvious at all. I got treated because I just wanted to not feel like total garbage. + +Opened my bank acct online and checked the totals against when I started taking the medicine... and the increase in overall net worth is worth $17.13 \*per day\* for each day I have been on my medication. (Still plenty poor. Net worth still negative. But... less negative than before.) + +I think it's a lack of "anxiety taxes" (being anxious about something, causing me to buy stuff I didn't necessrily need), combined with being awake on time for the bus to work, combined with less anxiety, so I can interact with my customers productively for a longer part of my day. A lot of the increase is in sales bonusses, so I know it's a quality of work thing, and not a number-of-hours-worked thing. + +Still dont have a regular talk-therapist, but for now, this is ... better than things were before. + +So... if you're depressed, try getting any kind of treatment, because it will improve your bottom line either financially or mentally, but hopefully both. +**TL;DR - Remember that in a crisis, a SHF’s goal is to buy them one more day to survive. Their return to Twitter may not be a mental breakdown, but a distraction. It’s causing forum sliding to make us lose sight of a MOASS trigger: Computershare. They want us to stop DRS transfers no matter the cost. They may even let their reputation be ruined, as that was going to be inevitable anyway. This is not financial advice, it is tinfoil hat time.** + +&#x200B; + +https://preview.redd.it/at2q44bx5vq71.png?width=749&format=png&auto=webp&s=1773a1fb0d7b39e95a8942e4f479cb75fe010145 + +**Section 1: Computershare is the Way** + +Can you believe the results of the war they’ve waged against retail? They’ve lost almost every single battle after the January mini-squeeze. They couldn’t make us sell. They couldn’t stop us from buying and holding. They couldn’t distract us into selling for another play. They failed to stop us from learning all the deep market secrets, of how they’ve been doing all their crimes and tricks and the things that make it possible. They spent months of dragging the stock through endless, persistent red days. All this time, it’s only been getting worse for them as they dug their graves deeper. And all this time, they thought they could keep this charade up forever. Because they figured “at least the apes didn’t discover Computershare today.” + +Then we did. And this has driven Shitadel and the SHFs into a screeching panic. For those who haven’t been following, here is the [stickied DD that explains Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) and instructions on it. To oversimplify, it’s an ultra quick process (my TDA phone call was 60 seconds long) by which we can remove shares from a system of endless fraud and manipulation then have those shares directly registered to us online. + +It’s not perfect. The catch is there is a limit of $1 million per transaction, and anything in excess of that will need to be done in writing. Computershare is normally intended for long-term holding, not hypervolatile trading. Many apes are treating it as the place to submit their infinity pool shares. Shares that they have no intention of selling. + +If apes register the entire float, every share possible of GME, then there are no more shares to borrow, no more shares to short, no excuses to make synthetics, and nothing left for them to do. 100% locking the float in Computershare is the trigger for a true, pure infinity squeeze, the MOASS. But it’s actually not the only path to liftoff. + +&#x200B; + +https://preview.redd.it/z33nuxoy5vq71.jpg?width=650&format=pjpg&auto=webp&s=204c19a736a39c98808403968b0b7efc6ce3ccb5 + +**Section 2 – Gadzooks, Not One But THREE MOASS Triggers** + +I believe we are mistaken in thinking there’s only one way to trigger the MOASS. My theory is there’s actually three: Computershare OR NFT dividend OR Market Crash. In my opinion it is far preferred to have Computershare first. Again, this is all speculation. + +Ryan Cohen saw Overstock, then came to the conclusion of issuing an NFT dividend to screw over the shorts. Since no one but GME would be able to issue it, this would force all shorts to close. But developing everything possible for that would take time. He would also have to push it through the DTCC. I believe this is his long-term solution to the naked shorting problem. I believe the reason we’ve seen indications of that direction but not actually had it happen are simple: it’s not ready yet. The gamble RC took was that GME would survive long enough for them to build and develop the system and the technology necessary for the NFT dividend. When GME mini-squeezed in January it developed enough retail interest to make this possible. NFT dividend is Cohen’s long-term MOASS trigger. + +But then he started to very subtly, cryptically point apes towards DRS with Computershare. With the computer chair and all that. His original NFT dividend plan doesn’t require retail’s help, but once apes developed an intelligent community around the stonk, the Computershare route became possible. In 2020, he probably never imagined in his wildest dreams we’d own the float multiple times. But after the mini-squeeze it was possible. Perhaps Cohen is even holding off on the NFT to see if apes can pull this off. To see if we can educate the masses on how to leave this corrupt system. Computershare is the apes’ short-term MOASS trigger, discovered late in the game. + +However, in the course of events apes kept digging. And we found things even Ryan Cohen never knew about, never planned for. The timing of this saga could be just a massive coincidence. NFT Dividend or DRS, that’s what wipes out the shorts in a normal market. But the apes kept digging until discovered horrifying truth: the market is swiftly and inevitably headed for a tremendous crash. A crash that has the potential to destroy the funds, prime brokers, market makers, banks and so on that are shorting our stock. Their destruction would cause liquidation, which sends GME to the moon. The crash is the market’s mid-term MOASS trigger. + +One way or another, our saga, this journey is coming to an end. The shorts have no way out. Liftoff is inevitable and increasingly imminent. And it will change the entire world. Hopefully for the better. + +&#x200B; + +https://preview.redd.it/gsw6ftuz5vq71.jpg?width=854&format=pjpg&auto=webp&s=907b3b50d96ff48806e53aff2673d85b0f077741 + +**Section 3 - Race Against Time – Doing it for the X Holders** + +If there’s one thing apes thought we had, it’s time. From the very beginning, time has been on our side. Every day apes get stronger and the shorts have more problems to deal with. I truly believe the SHFs are cosmically, cartoonishly fucked no matter where this goes. I’m glad it took us this long to learn about Computershare, so we could get the maximum amount of people loaded up, so we could uncover all the crimes, so we could learn to hold through anything, so we could see the coming crash. It would seem the crash is going to happen long before the NFT trigger is ready. + +The problem is unlike the first two triggers, the crash trigger offers so many possibilities for trickery from the shorts. If the float isn’t 100% locked under DRS, there is so much uncertainty as to how many shares are trading. This sub is smart, so we could guess, but the millions of other apes outside of here won’t. **If the float gets DRS locked, we know every single share outside of Computershare is a synthetic. There will be absolutely no way whatsoever to deny the crimes and manipulation at that point. By taking the stock outside the system, it instantly proves the entire system is corrupt.** And everyone with synthetics can name their price. This sub’s apes would spread the word like wildfire. **If the X holder knows the float is locked, they can decide to hold forever until one share can make them set for life.** It makes them **certain** in their decisions**.** + +But without it, there’s so much potential for uncertainty as how much longer the MOASS will keep going. The crash trigger can lead to absolute chaos. It doesn’t have to be one person pulling it, widespread panic can do it. There’s less control from anyone. Either way, they will try to blame it on the apes. They just simply have more avenues to mess with our emotions. More possibilities for weaseling their way out. Letting dominoes fall in the order they choose them to, chances for drops to convince some apes it’s over. They could find a way to end the squeeze early, or at least make it appear to end before it resumes. The less shares in Computershare the more options SHFs have to continue the manipulation before, during, and after the MOASS. + +SHFs can hope that Computershare gets lost in the shuffle of a crash, or gets interrupted before DRS locks the float up. A small forgotten footnote in the MOASS that didn’t pan out. This is the problem with brokerages causing delays in the DRS transfer. Any delays are not on Computershare’s end, but the broker’s. You can ask them to put it in an expedited queue, ask what the delay is. If your shares haven’t been lent out, there should be 0 problems locating them. If it takes them a few weeks to delay the process, the crash could happen before the float gets DRS locked. + +**That’s what the theory is when I say it’s a race against time. Can millions of apes, making individual decisions on their own, DRS lock the float in Computershare ….before the inevitable crash?** Accomplishing a DRS lock for a pure infinity squeeze changes more lives, drains more money from the SHFs, and exposes the maximum amount of crime the most efficiently. + +While government shutdown has been averted, Treasury Secretary Yellen says Congress has until 10-18-2021 to raise or suspend the debt ceiling to avoid default. **A U.S. default would spell the absolute doom of the market.** And it doesn’t look like we have any guarantees of them getting their shit together in time. We shouldn’t rely on them saving the market is what I’m saying. It could go longer, but that gives you a rough idea of the time frame we could be looking at. + +The downside is, a DRS-triggered MOASS would probably tip things over the edge, accelerate dominoes already falling, and could appear to cause the crash. We apes all know this whole market was wound up so tightly anything going wrong could be a crash trigger. But if a DRS-triggered MOASS happens first, it could make things easier for the media to trick people into blaming apes. + +So it’s up to you, an individual making your own choices, whether you want to DRS or not. I’ve already arranged for mine to be transferred. A lot of you probably have already. Some of you might be on the fence. Some of you maybe have decided not to. I was on the fence about it [until I thought of all the people outside this sub who have no idea what Computershare is](https://www.reddit.com/r/Superstonk/comments/pxd053/what_made_me_get_off_the_fence_make_the_call_and/). I transferred because I know when so many do not. **But let me tell you something: Shitadel is doing everything they can do avoid us from using Computershare for a DRS-triggered MOASS.** + +&#x200B; + +https://preview.redd.it/tju4n2q16vq71.png?width=1552&format=png&auto=webp&s=944765ee84573c48d56fdf546b12d5a6e047472c + +**Section 4 – SHFs Must Distract Apes, No Matter the Cost** + +I again remind you and Shitadel’s slimy, soulless, ignominious lawyers that this is all opinion, theory, speculation, and conjecture. + +Shitadel has always hoped. They just hoped that Computershare wouldn’t catch on. They hoped somehow they could salvage this whole situation from an absolute worst case scenario. That their doom would be mitigated somewhat, with some silver lining. Even if apes understood manipulation and problems with the market, this charade couldn’t be stopped as long as apes didn’t discover the solution was DRS. It’s the cure for naked shorting, a complete exit from the DTCC. And it can be done quickly without going through the trouble of overhauling the whole system. Without the cure and the results from it, it’s easier to write us off as conspiracy theorists. But we’re seeing it change the stock in real time. The dark pool volume drops and the lit exchange volume increases. We can see before our eyes that it’s working. + +Forum sliding has always been an effective tactic and it’s no different for Computershare. SHFs have known from the beginning that was their kryptonite and they thanked their lucky stars that apes took forever to figure it out. Once we did find out, our sub became subject to all manners to attempts to forum slide it down. We could’ve known months ago, but it was buried successfully. But mods stickied it, and kept it up and up. Genie was out of the bottle, so the tactics changed. The sub became flooded with tons of low-effort Computershare posts to make people rest easy, to make apes believe a full DRS lock could be done without them. But every share counts. + +Somehow, new evidence was produced by a Robinhood lawsuit that appears to be pretty damning for Shitadel. I’ll admit that I’m not 100% sure what Shitadel *wants* to accomplish with their contemptible, instantly debunked Twitter rants. But regardless of what their plan is, I do know what they *are* accomplishing: more forum sliding. + +Apes have developed the best nose for bullshit in the world, and Shitadel finally getting some manner of benefit from that, whether they realize it or not. Apes are so excited that they’re finally tweeting again, filling Twitter with complete BS statements that apes can instantly debunk. We’ve had 9 months to analyze and obsess over everything humanly possible about the January mini-squeeze and how it got killed prematurely. And now that we’re at peak intelligence they decide to try and spin and lie about it? One ape in the comments said it’s too easy. Probably because it is. + +I don’t know if the guy legitimately blew a fuse and devolved into debating apes like a madman. I don’t know if Shitadel’s become so desperate they’ll string together easily debunkable statements in a futile attempt to save face. I’ve heard theories that they’re trying to persuade their investors to stay and avoid them pulling money out. + +I don’t know if the rest of management is just figuring to let him have his rants through the company’s Twitter. Best case scenario is they avoid saying anything too bad and succeed in forum sliding Computershare down. Worst case scenario, they say all the wrong things and apes DRS lock the float anyway. Maybe they think they can paint us as some sort of deranged collusive group, or hope that someone is dumb enough to threaten them with violence. Maybe they’re gathering ape’s names and faces. Maybe they can make the bots threaten them then blame us. + +The point is apes enjoy smelling bullshit and calling it out, and Shitadel’s Twitter is the perfect shitshow to distract us from Computershare. There are plenty of wonderful, intelligent people countering what they’re saying already. But we, the learned Superstonk Apes, have a responsibility to spread the word of DRS and not be distracted. + +**TL;DR – No, I already gave you one. This is important and I didn’t use a lot of big words. Go read it. And buckle up. Because the MOASS begins in “five minutes.”** + +&#x200B; + +https://preview.redd.it/r6rfrzr26vq71.jpg?width=1382&format=pjpg&auto=webp&s=24a81eaeeb4d6a6ef5e63f19f0e260526dec1b30 +Whenever I see media commentary on how well, or poorly, the DOW is doing on any given day I get irrationally annoyed by how meaningless that index is compared to others, and how people in the financial media should know better than to use it as an indicator of market performance. + +Context: I work in institutional investing and part of my job is analyzing investment funds to allocate capital to for a multi-billion dollar portfolio. So I spend a lot of time considering benchmarks to judge relative performance of the potential funds...no one uses the DJIA, and if they did they would get laughed out of the room. + +The reason for this is how the DOW is constructed compared to other indices. The DOW is made of 30 large blue chip stocks (nothing wrong with this part) but it weights those companies based on their stock price. Stock prices are arbitrary, you could have a $10bil market cap company have a higher stock price than a $100bil market cap company just because they have fewer shares outstanding. Based on how the DJIA is constructed a smaller company can have an outsized impact on “the market” if we take the DOW as the ideal representative. + +Take Boeing and Apple, both are part of the DOW. As I write this Boeing’s share price is ~$305 and it’s market cap is ~$180bil, Apple’s share price is ~$290 and it’s market cap is $1.3T. Based on how the DJIA is weighted Boeing represents more of the “market” than Apple, despite being ~1/10 the actual size. + +Other indices, like the S&P 500 are market cap weighted, so larger companies actually represent a proportional size of the “market” thus giving a better indication of how the market is actually performing. + +Thank you for humoring my rant, and hope you all fair well as the S&P is looking at another day of losing 3%. +Can I get a show of hands for all the other ladies in here? I’m tired of everyone assuming ladies are missing from the action, completely uneducated about trading, and that this world is all men. Now, I’m no expert, but I’m here learning and representing the ladies (and a few other demos, too). 🙌 +Obviously, the most talked about news of the week was Facebook’s huge earnings disappointment, which lead to a nearly 19% drop in value for the company’s shares yesterday. With that being said, I’ve seen a lot of people now talking about getting into $FB because it’s now at some sort of discounted price while still being the same solid company. + +I’ve often wondered the same thing in similar positions, whether to get into a good company that had a disappointing earnings report and is now trading at a discount to the previous price. But what I’ve often found, and what I believe to be the case here, is that we should shift our attention to another company in the same sector. After all, in the interconnected world we live in, macroeconomic forces have a huge impact on our investments. + +What I mean is, if you were a buyer of $FB before this earnings release, than you know that the core business you are buying is Facebook’s online advertising services. So instead of getting into $FB at a discount, why not get into a company that has produced a higher quality advertising business! This is not a revolutionary call, but my suggestion right now is to get into $GOOGL. + +As Warren Buffett has said (you see me quoting him a lot here because we should all be investors, not traders), “it is better to get a great company at a fair price than a fair company at a great price”. Facebook is a quality company now being offered at a discount. But if we are investing, than it seems prudent to turn our attention to the far better business at this time. + +Alphabet offers EIGHT - count em, eight - platforms that have over a billion users, meaning advertisers have far more diversity of services to choose from to advertise their products. Facebook just has one, or maybe one and a half if you count Instagram. Facebook has warned that profit margins are going to continue to decline through 2020, while Google has shown remarkable stability in getting revenues to outpace costs. Google posted nearly 24% yoy growth in the advertising business in Q2, and, the hardware and cloud services business that is being counted on to drive Google into the future, saw a robust 36.5% yoy improvement. In addition, traffic acquisition costs for Google were down just slightly as a percentage of advertising revenue, even though total costs did rise. + +This may be an opportunity to get into $FB, but I think the real upside play here is in $GOOGL. + +Stack that paper friends. + +LONG GOOGL LAST $1276.90 + +AF + +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. + **KEY POINTS** + +* **Ford plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, according to CEO Jim Farley.** +* **The executive expects that would make the company the second-largest U.S.-based producer of EVs, behind Tesla.** +* **It’s unclear if 600,000 would place it second behind Tesla. General Motors plans to sell 1 million electric vehicles globally by 2025.** + +[**https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html**](https://www.cnbc.com/2021/11/18/ford-plans-to-increase-ev-production-to-600000-vehicles-in-2023.html) +A few weeks ago, I created [this thread](http://www.reddit.com/r/finance/comments/32meoq/would_you_pay_to_increase_your_odds_of_landing_a/) where I solicited 10 people for their advice on the e-Book I wrote geared towards how to become a Corporate Financial Analyst. I received lots of great feedback, polished up the e-Book, and now I'm giving it away for free. + +You're probably thinking, what's the catch? My main goal is to genuinely help people and share the information I've accumulated over the years. Also, a lot of the information I wrote about is readily available on the internet and I figured it's best to give my information away for free and charge for other value-added services such as ([resume editing](http://becomeafinancialanalyst.com/products/resume-editing-pdf) and [phone support/coaching](http://becomeafinancialanalyst.com/products/plan-3)). + +Pull up a chair and dive into [my e-book](http://becomeafinancialanalyst.com/). + +**Edit: If you read the e-Book and were hoping to read about a topic that I didn't include, drop me a line and I'll try my best to incorporate it into the e-Book.** +This is something I am trying to wrap my head around. Draghi has stated on numerous occasions that inflation in the EU needs to rise, which means (in part) devaluing the euro to increase international competitiveness and inflate prices. However, we are seeing people buying two-year (and now, five-year) German bunds at negative yields. Why would investors want to pay the German government a fee to hold their money, instead of just staying in cash? If disinflation does evolve into deflation, their euros will be worth more. +Hello all! + +I am looking for some insight and advice on what companies I should consider modeling so I may develop a strong foundation before taking on challenging companies. + +I am extremely passionate about a career in equity research and want to begin developing my modeling skills. I heard certain sectors such as consumer and retail are great places to start with. However, are there certain companies that you guys might suggest within these sectors? + +Thank you! +Hi all... + +Not sure if this is a naive question or a loaded question, but I'm having a hard time understanding how interest rates affect the profits of different financial institutions. I understand that the banking industry is most affected by things like credit risk and interest rate risk, but still can't make the complete connection. + +Do higher interest rates increase the number of defaults? Do banks overall prefer lower or higher interest rates or are they indifferent and would prefer stability? + +E.g. mREITs can extend out more loans in times of low interest rate but during periods of low interest rates, there's less prepayment risk and their cash flows from MBSes are more secure +Hello all! + +I am looking for some insight and advice on what companies I should consider modeling so I may develop a strong foundation before taking on challenging companies. + +I am extremely passionate about a career in equity research and want to begin developing my modeling skills. I heard certain sectors such as consumer and retail are great places to start with. However, are there certain companies that you guys might suggest within these sectors? + +Thank you! +The EMH semistrong is widely accepted as being true but surely this event is at least some evidence to the contrary. Investors knew for months that a hike was going to occur but the Dow still goes down 100 points. As of now, it's already regained 50 points, presumably because people realized that nothing has actually changed and that the hike was already priced in. +1. Don't think you can buy success either from a course or from expensive software. There is nothing being taught that is not available for free on YouTube. Stock scanners are like watches it doesn't matter how much they cost they all tell you the time. Buying a 'successful system' is like buying a chicken that lays golden eggs, a joke. +2. Recognise the enormity of what you are trying to do which is 'beat the market' the same as billion dollar hedge funds, are you qualified to get a job with one of those or at Goldman Sachs? Nah. +3. CNBC & the whole financial media don't know shit about shit. The only people that know what's going down are the insiders. The only way you can ever know is through the chart the chart never lies. +4. You're going to need at least two full years of screen time (watching charts all day) minimum. + +Never paper trade unless it's to learn the platform. Use small size, 25 shares for example you just need skin in the game. You need to find your niche and stick to it. Find stocks the night before and do your research be ready and waiting for the open with a plan. Don't just dive into stocks that popped up on your scanner 5 minutes ago. Don't ever go 'all in' then 'all out' size in size out. + +You need to be self-aware, If you are mentally lazy you have zero chance of being profitable at trading it's like being tone-deaf and taking piano lessons, a waste of money. + +Years ago it was easier to beat the market now every man and his dog know the patterns and have access. You're trading against the best of the best and algos, and they are trading the traders (you) + +Hope these tips give an indication of what's ahead. If I had known what I would have to go through when I started I never would have, I was lucky because I was able to focus on trading 100%, full time for 4 years and counting, no Lambo but consistently making more than I lose. I have no course to sell no website no motive other than being at home bored on xmas day. + +Good Luck! +Good morning, here's my gap watch list: + +Gap Ups: AZUL, CVAC, FFHL, IMAB, KCAC, + +Gap Downs: AMD, ETSY, LULU, LVGO, NNOX, NVDA, SOXS, + +I posted a new video yesterday about Gaps, here's the link if you missed it: [Gaps And Why They are Important To day Trading](https://www.youtube.com/watch?v=mnWDa7GECuQ) + +Big pullback yesterday in the market. Not surprised one bit as I had been expecting it and had mentioned a few times previously that we were overbought and needed a pullback. Everything's fine, no need to panic, it's not the end of the world. A pullback in the market is healthy as it gives stocks opportunities to rest/correct and set up new moves. Trading action yesterday was great despite the market falling and likely today we will see some continued volatility. Weve sold of for 2 days in tech and the qqq is approaching the 20 day moving average which could act as short term support. I will be very patient today and look for direction before entering positions. This could be a choppy day so If you got killed yesterday and aren't feeling it, just don't trade. Sit back and watch so you can be prepared for next time and help retain your mental capitol. Gap list sucks today, so run a scan after the open if you can't find anything and as always if the market continues to decline I will look to UVXY for opportunities if they present themselves. Have a good weekend and good luck trading. See you all Monday. EDIT: I forgot, Monday is a holiday, see you all Tuesday!! + +\*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* + +\*\*This is not my complete watch list\*\* +He heats he’s never seen anything like it and the Chinese fucking love Costco + +All in bois, Earnings is gonna be a fucking overkill + +Edit: **Costco Wholesale Corporation is expected* to report earnings on 10/03/2019 after market close** + +Let's get them tendies extra fried bois + +Edit: thanks to u/notgonnanamewho for the info, apparently Costco employees are accumulating shares at a big pace +^((Sorry if you've already seen this, but too many apes messaged me asking to post here, and I didn't have the karma requirements to do so until a few days ago)) + +So I've been looking into the **MASSIVE** amounts of Reverse Repo lending and I think I came up with a theory that ties Shitadel into all of this. This is all speculation, so take this all with a big grain of salt.... + +What is a Reverse Repo (RRP)? Investopedia states: "A [reverse repurchase agreement (RRP)](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) is an act of buying securities with the intention of returning, or reselling, those same assets back in the future at a profit. This process is the opposite side of the coin to the repurchase agreement." From the point of view of a bank, this is liquidity draining, since they are using cash reserves to get ahold of treasuries. If you're still confused on Repos, watch this great WSJ piece [here](https://www.youtube.com/watch?v=gzCkXNrjFQM). + +Ok, so what does this mean for us smoothbrains? Some of you may not know, but issues were arising with the Repo market as far back as September 2019. Basically, as [Wolfstreet](https://wolfstreet.com/2021/05/20/fed-drains-351-billion-in-liquidity-from-market-via-reverse-repos-as-banking-system-creaks-under-mountain-of-reserves/) states, + +"*In the fall of 2019, when the repo market blew out, the Fed stepped in and bought Treasury securities and MBS and handed out cash via repurchase agreements. When these repos matured, the Fed got its money back, and the counterparties got their securities back. The Fed also did this during the market rout in March 2020. But by July 2020, the last repos matured and were unwound.* + +*Now the Fed is doing the opposite, with “reverse repos.”* ***Repos are assets on the Fed’s balance sheet. Reverse repos are liabilities.*** *With these reverse repos, the Fed is now massively* ***selling*** ***Treasury securities to counterparties and taking their cash, thereby draining liquidity from the market – the opposite effect of QE.*** + +*This morning, the Fed sold* ***$351 billion in Treasury securities*** *via overnight reverse repos to 48 counter parties, thereby blowing past the brief spike at the end of March 2020, and more than replacing yesterday’s $294 billion in Treasury securities that it has sold via reverse repos to 43 counterparties and that matured and unwound this morning."* ***(This was as of last Thursday, as of Friday it reached $369 Billion, to over 50 participants. See the graph for yourself*** [**here**](https://fred.stlouisfed.org/series/RRPONTSYD)**)** + +&#x200B; + +[Overnight Reverse Repo Rates](https://preview.redd.it/so1la5g3e3171.png?width=574&format=png&auto=webp&s=d4daf4611078f88380cb0d334a8e280b2ddea174) + +That figure is MASSIVE. Fifth largest RRP transaction in the last decade, during a period of apparent relative calm in financial markets. + +Go read that whole article. Seriously. + +The SLR rule exemption expired in March 2021, creating potentially huge issues for banks that have been undercapitalized during Covid and been able to ride this out due to the exemption. What's the SLR? Well, I'm glad you asked: + +*"The SLR (Supplementary Leverage Ratio) is the U.S. version of BASEL-III capital adequacy norm and a Tier-1 leverage ratio; it varies from 3-5% common equity capital U.S. banks must maintain relative to their total leverage exposure. This is like a backstop to risk-weighted capital requirements."* + +Basically, the Fed was worried that many banks would be bankrupt (at least on paper) during the March 2020 crisis as corporate debt default rates skyrocketed and their securities started collapsing en masse. So, they changed the rules of the game, basically exempting banks from having to keep a percentage of capital on their balance sheets to stay solvent and allowing banks to lend more than they normally would be able to, supporting asset prices and ensuring the money markets and corporate debt markets wouldn't collapse. + +But now, the FED is selling treasuries-effectively withdrawing liquidity from the system? Why the hell are they doing this? Isn't that the opposite of QE? Wouldn't that put the banks and their prime brokers at risk (whose liquidity is already being squeezed by the new DTC/ICC/OCC rule changes)? + +I was reading through some comments when I found this gem: + +&#x200B; + +[UHH WHAT](https://preview.redd.it/zpfi89j8e3171.jpg?width=1080&format=pjpg&auto=webp&s=63d3302ade20a71e86addc45667cd24f71ef3b4b) + +Then it clicked. Remember [u/atobitt](https://www.reddit.com/u/atobitt/)'s godlike DD [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)? I am drawn to a specific paragraph from Step 4: + +*"So the fed is printing free money, the repo market is lending free money, and there's basically NO difference between the collateral that's being lent and the cash that's being received.. With all this free money going around, it's no wonder why the price of the 10 year treasury has been declining.* + +*In fact, hedge funds are SO confident that the 10 year treasury will continue to decline, that they've* ***SHORTED THE 10-YEAR BOND MARKET.*** *I'm not talking about speculative shorting, I mean shorting it to oblivion like they've shorted stocks.* + +*Don't believe me?* + +*Hedge funds like Citadel Advisors must first locate the treasury bond in order to swap them for cash in the repo market. It's extremely difficult to do this with the fed because they're tied up in government BS, so they locate a lender in the market. These consist of other commercial banks and hedge funds.* + +*So financial institutions keep treasuries on reserve for hedgies like Citadel to short. Citadel comes along and asks for the bond, they throw it into Palafox Trading and collect their cash. So what happens when they need to pay for their repo agreement? Surely to GOD there are enough bonds floating around, right?* ***Not unless hedge funds like Citadel have shorted more bonds than there are available."*** + +***Guess what? 90% of the Bonds used in Reverse Repos have a maturity over 1 year, per this graph from an SEC research*** [paper](https://www.sec.gov/files/mmfs-and-the-repo-market-021721.pdf)**:** + +&#x200B; + +[Most of the Repos being used are \>1 year maturity](https://preview.redd.it/nutfgs24f3171.png?width=659&format=png&auto=webp&s=90a74caf5a448d9ce840627a417520ee0d3ffff3) + +Citadel shorts the entire 10 year bond market, and now most of the securities being used as collateral are of a similar maturity. **Strange huh??** + +Well FUCK. The hedgies have shorted a shit ton of treasury bonds, borrowing these securities from their big daddies the prime brokers/banks. BUT, now the SLR exemption has [expired](https://www.cnbc.com/2021/03/19/the-fed-will-not-extend-a-pandemic-crisis-rule-that-had-allowed-banks-to-relax-capital-levels.html). Previously, the banks were allowed to go down to a 0% capital reserve ratio, but **now they have to keep some assets on hand to remain solvent at all times.** Just see this letter written from Senators Warren and Brown of the Senate Banking Committee to the Fed, FDIC, and OCC: + +*"On April 1, 2020, the Federal Reserve Board of Governors (Fed) released an interim final rule* *(IFR) that allowed bank holding companies to exclude U.S. Treasuries and deposits held at* *Federal Reserve Banks from the calculation of their Supplementary Leverage Ratio (SLR)* \*through March 31, 2021....\****This change resulted in a $55 billion reduction of capital requirements for the largest banks.*** *The stated rationale for this change was to allow banks to “expand their balance sheets as appropriate to serve as financial intermediaries and serve their customers.”* ' + +So, U.S. banks were allowed to temporarily exclude holdings of UST and cash kept in reserve at the Fed from their assets when calculating the ratio. Basically, this meant that the treasuries they owned could now be lent out to hedgies to short in the market for the duration of the Covid-19 crisis. But, this exemption has expired- now they HAVE to have a higher amount of reserves at the Fed ( reserves are like a bank account that cannot be withdrawn), largely in the form of treasuries. Hedgies who are short are hitting FTDs, and now the big banks cannot loan them any more because they are required to hold them in reserve at the Fed. And per the comment above, who has all the treasuries? The FED. Now the system is truly straining as liquidity keeps drying up as these HFs need treasuries to cover FTDs that may **exceed the amount of treasuries in existence, per Atobitt.** + +Likely, they are having the banks do overnight repos, but they themselves are writing 1 week/month repos to continually buy themselves some time. Thus giving them enough Treasuries to satisfy the bare amount of FTDs they need to in order to stay alive. + +Liquidity is being sucked out of the system at an unprecedented rate. This can't continue forever. Something is going to break. + +Check out this section from an [article](https://blog.pimco.com/en/2021/03/slr-expiration-treasury-markets-likely-to-shoulder-the-costs#:~:text=The%20Federal%20Reserve%20on%2019,from%20the%20COVID%2D19%20pandemic) written by Pimco, one of the largest fixed income investment management firms: + +&#x200B; + +[Deteriorating Liquidity \(written March 22\)](https://preview.redd.it/gyx2zqqje3171.png?width=708&format=png&auto=webp&s=7aeb6cb9ddc96f01b3b1861a7dbbaa4ed8708e79) + +DO YOU GUYS UNDERSTAND HOW CRITICAL THIS IS? Treasuries are NOT normal fixed income instruments. They are literally the **backbone of the entire financial system. Almost every other price is indirectly derived from treasuries: LIBOR (used for lending), WACC Discount (used to price stocks), ARMs (adjustable rate mortgages), Credit cards, auto loans, venture loans, Lines of Credit, etc etc.** + +Hedgies r FUKd. It's only a matter of time. **There is no fucking way that the Big banks/Fed will allow the collapse of the banking system just for a few hedgies and an egocentric MM CEO who has dreams of being a trillionaire.** + +TL/DR: Hedgies may be using the banks as intermediaries to facilitate treasury borrowing so that they can locate treasuries and kick the can down the road. This is draining liquidity from the system, and is actually undoing QE. Hedgies (shitadel) may have shorted more treasuries than exist, and are digging their grave deeper by continually borrowing more and more in order to survive. + +BUY, HODL, VOTE GME. + +edit: added chart from SEC research paper, and link. Fixed another grammatical error. +I'm a guy in my late 20's from Germany. Growing up I never forgot how they gave us the Euro when I was a kid in the early 2000s. Initially for every 'deutsche mark' we got 0.5 Euros, but I was super confused when my parents told me that their salary got divided by 2 (x0.5), but consumer prices went back to the "old" deutsche mark prices within one year - meaning as an end result they didn't get divided, but salaries stagnated. I was ~8 years old at the time, didn't understand what was going on, but felt that something super strange happened. + +In 2008 the financial crisis/euro crisis hit, people where afraid, the media went crazy and when I was ~14 years old I needed to learn that I can't get interest at the bank when I want to save my money for hard times in the future. + +I finished school, went to university, studied medicine, did my PhD and looked at the world: House prices doubled! +I realized that even as a physician in Germany I will not be able to buy a house in my home town without being indebted until the rest of my life, will not have the financial freedom to pursue projects which might take time. + +I got depressed, I questioned everything, why do I even get up in the morning? My whole life I tried to do everything right, I saved for my future family, I studied, did research, but there was no chance of getting out of the debt-machinery. + + +Then I discovered Bitcoin. + +I learned about austrian economics, time preference and how fiat is affecting every single aspect of our lives, including morals, and the general perspective we look at our life's. + +I pray to God that Bitcoin will continue to transform the life's of people on the globe, like it did mine. + +I was lost, but now I'm found. + +Thanks to everybody building and supporting the Bitcoin network. +WE’VE REMOVED KARMA REQUIREMENTS PREVIOUSLY REQUIRED TO GET 🦍Voted✅ FLAIR!! If you were blocked before, retry, and YOU get a flair! We see you all. We appreciate you all. This is the way! + +Let’s see that sea of Green! ✅ + +[🚨 And Don’t Forget to Watch Carl Hagberg’s AMA on Shareholder Rights and Proxy Voting TODAY at 4 PM EDT](https://m.youtube.com/watch?v=KHnpPfWdf78&amp;amp;amp;feature=youtu.be) + +*Profit to the People. Power to you, Player. 💎✊* + +👉**EDIT: For our disenfranchised Europoor ape brethren type !novote! and get your flair too! Raise your hand in solidarity!** +Fellow investors and traders!!! I'm here again to give you another undervalued stock with huge upside. If you miss my calls on [CLWD DD](https://www.reddit.com/r/pennystocks/comments/ksdx23/clwd_way_lesser_stock_floats_than_gaxy_and_tlss/) and [IONI DD](https://www.reddit.com/r/pennystocks/comments/kwkwoq/dd_on_ioni_if_you_miss_the_clwd_rocket_dont_miss/) last week. I have another very solid stock which so undervalued at the moment!!! For me, this probably has the most potential growth out of the 3 stocks i recommended. + +Ticker – **INIS** – OTCMKT +Current price upon writing: **0.08/share** so undervalued + +**Please Read and do your own DD first before taking positions!!!** ASAP!!! + +**Description:** + +International Isotopes, Inc. manufactures and sells nuclear medicine calibration and reference standards, cobalt-60 products, and radiopharmaceutical and radiochemical contract manufacturing services. The company operates in five segments: Nuclear Medicine Standards, Cobalt Products, Radiochemical Products, Fluorine Products, and Radiological Services. The Nuclear Medicine Standards segment manufactures sources and standards associated with single photon emission computed tomography imaging, patient positioning, and calibration or operational testing of dose measuring equipment for the nuclear pharmacy industry. It offers flood sources, dose calibrators, rod sources, flexible and rigid rulers, spot and pen point markers, and various specialty design items. The Cobalt Products segment produces bulk cobalt; fabricates cobalt capsules for radiation therapy or various industrial applications; and recycles expended cobalt sources. The Radiochemical Products segment produces and distributes various isotopically pure radiochemicals for medical, industrial, and research applications. It provides sodium iodide, cobalt-57, cesium-137, germanium–68, sodium-22, and barium-133 isotopes. The Fluorine Products segment offers products that are used to support the production and sale of gases produced using its fluorine extraction process. The Radiological Services segment decommissions disused irradiation units, performs sealed source exchanges in irradiation and therapy units, and processes gemstones, as well as offers transportation services. The company sells its products directly to end users and distributors. International Isotopes, Inc. was founded in 1995 and is headquartered in Idaho Falls, Idaho. + +Website: https://intisoid.com + +**Their FDA Approved Cancer drug:** https://intisoid.com/wp-content/uploads/2020/09/ME_Isotopes_Final-to-Print_v4-7-28-20-1-1.pdf **BULLISH**🚀 🚀 🚀 + +**They have government contract from Department of Energy(DOE)** + +**Reason why i'm so heavily invested in this stock and believes in it's potential growth!!! Please read...** + +The cobalt business is the company's historical money maker and should be back to normal this quarter. Over the last several years the company has been expanding their core business into other areas. What attracted me to this investment was deconversion. This is an area that the DOE(Department of Energy) has spent over 1.5 billion into over since 2002. Recently, there was an announcement that their (DOE) two deconversion facilities have not met their production goals for 2020. INIS has a NRC license to do deconversion. They have a Government Contract that ends until 2024!!! That is where the big bucks are for the company. **Note** the nearly 90% insider ownership. + +And after doing more research i stumbled into this article: https://www.argusmedia.com/en/news/2162427-medical-cobalt-industry-tackles-supply-shortage + +**BULLISH SIGN:** Strong insider ownership here considering there's 424 million outstanding, Here are the top five shareholders of International Isotopes Inc based on the size of their shareholding: + +Kennerman Associaates, Inc. Corporation +Percentage owned: 38.7% (164.2m shares) +Richart (Ralph M) Individual Investor +Percentage owned: 17.76% (75.4m shares) +McCormack (John M) Individual Investor +Percentage owned: 14.25% (60.5m shares) +Grosso (Christopher G.) Individual Investor +Percentage owned: 6.48% (27.5m shares) +Nicholson (William) Individual Investor +Percentage owned: 5.7% (24.2m shares) + +**High insider ownership typically signals confidence in a company's prospects and value in its shares.** + +**UPCOMING CATALYST:** + +* Inauguration of Joe Biden tomorrow (In which he wants to fund R&D for the future of Nuclear energy and new technologies) + +* There was talk of another radiochemical in the works for FDA approval. + +* It is rumoured the announcement of the new contract manufacturing facility due any day/weeks from now + +**Price targets:** + +**Short/mid term: $2-3** + +**Long term: $5-10++** (Sotera has a share price of $25 and they are on the same business and both has Government contracts) + +I'm holding this long term as i believe they will be big this year especially with Joe Biden strong support for Nuclear Energy and the supply and demand for cobalt health sector and EVs... Anything under $1 is cheap for this stock. So i'm taking my positions now before this thing will explode this year!!!🚀 🚀 🚀 +&#x200B; + +[ EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Twenty-Nine - Down -79&#37; ](https://preview.redd.it/ie3j7584mb351.png?width=640&format=png&auto=webp&s=afda46aae8924108c3ac547a2955d171edc2707a) + +***See the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-29)***.*** + +tl;dr - Cardano wins May, BTC still way ahead, ETH solidly in second place, NEM (anyone still remember NEM?) still in basement. Markets going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -7% compared to the US stock market. Word. + +## Month Twenty-Nine – Down 79% + +While not quite as strong as [April](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), May was undeniably a strong month overall, especially with the last minute push that saw **Bitcoin** climb over the $10k mark. Although **BTC** (and the market overall) has fallen in the last few days while I’ve been compiling [these updates](https://toptencryptoindexfund.com/), we saw almost every 2018 Top Ten crypto end the month of May higher than where it started. + +#### Question of the month: + +##### [The Bitcoin halving took place on May 11th, 2020 at 7:23 PM UTC](https://www.blockchain.com/btc/block/000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d). Since the first Bitcoin block was generated in 2009, how many halving events have occurred? + +A) One +B) Three +C) Five +D) None of the above + +*Scroll down for the answer.* + +## Ranking and May Winners and Losers + +Half of our 2018 Top Ten group were on the move in May. **Cardano** made the most upward progress, climbing two positions to #11. **IOTA** picked up rose one spot in the standings to #24 as well. On the other side, **NEM** keeps slipping, losing three spots to #30. **Dash** and **Stellar** also dropped two positions each in May. + +The overall drop out rate remains at the 50% mark (meaning half of the cryptos that [started 2018 in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have dropped out). **NEM, Dash, IOTA**, **Cardano**, and **Stellar** have been replaced by **EOS, Binance Coin, Tezos, Tether,** and **BSV**. + +***May Winners*** – Massive month for **ADA**, up an impressive +62%. That’s about what **Cardano** gained last month, so, yeah, **Cardano** is having a great spring. **IOTA** also had a solid month, up +28%. + +***May Losers*** –  **XRP** lost about -4% making it the worst performing of this group in May. + +How has your favorite crypto fared over the first 29 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): **Bitcoin**. Most monthly losses (5) is a now tie between **Stellar** and **NEM**. All cryptos have at least one monthly win and **Bitcoin** stands alone as the only crypto that hasn’t lost a month (although it came close in [January 2020](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-five/) when it gained “only” +31%). + +## Overall update – BTC still way ahead, ETH firmly in second place, NEM worst performing. + +**Bitcoin** made up more ground in May, now down -23% since January 2018. The [last time we saw this price level](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/) to end a month was August 2019. The initial $100 investment is now worth about $77. + +**BTC** is still well ahead of the field and **Ethereum** is firmly in second place. This may feel like a foregone conclusion at this point, but for context, long time 2018 Top Ten Experiment followers will note that this has not always been the case. Just [a little over a year ago](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-fifteen/) for example, **BTC** was second place behind **Stellar.** + +**NEM** (down -95%) is in last place. That initial $100 investment in **NEM**? Now worth $4.74. + +## Total Market Cap for the entire cryptocurrency sector: + +The overall crypto market added about $35B in May 2020, back near August 2019 levels. This is down about half from January 2018 when the market was worth roughly $575B. + +## Bitcoin dominance: + +Another flat month for **Bitcoin** dominance, which hasn’t moved at all in the last three months. + +For context, the range since the beginning of the experiment in January 2018 has been wide: a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018. + +## Overall return on investment since January 1st, 2018: + +The 2018 Top Ten Portfolio gained about $20 bucks in May 2020, back near where it was at the end of [February](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-six/).  If I cashed out today, my $1000 initial investment would return about $205, down -79% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +Here’s the ROI over the life of the experiment, month by month: + +The streak of nine consecutive months down at least -80% was finally broken in May. Just barely (at -79%), but hey, I’ll take it. [July 2019](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-nineteen/) was the last time the 2018 Top Ten finished a month in the negative seventies. What about the negative *sixties*? That level hasn’t been seen [in about two years](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-seven/). + +Painful stuff. What about the follow on Experiments? Let’s see: + +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17/): up about +43% ($1,432) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5): up about +47% ($1,467) + +So overall? Taking the three portfolios together, here’s the bottom bottom *bottom* line:  + +**After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.** + +**That’s up about +3.5%** for the combined portfolios. Better than a few months ago (aka [the zombie apocalypse](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/)) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The stock market (as measured by the S&P) continued to recover in May. It’s pretty amazing with all that’s going on in the world, but the market is already back up where it was in February 2020. The initial $1k investment into crypto on [New Year’s Day 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would have gained about $140 had it been redirected to the S&P. + +This is where it gets interesting. Taking the same drop-$1,000-per-year-on-January-1st approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018: +$140 +* $1000 investment in S&P 500 on January 1st, 2019: +$220 +* $1000 investment in S&P 500 on January 1st, 2020: -$50 + +Taken together, here’s the bottom bottom *bottom* line for a similar approach with the S&P:  + +**After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.** + +That is up over**+10%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), compared to the **$3,104** value (**+3.5%**) of the combined Top Ten Crypto Experiment Portfolios. + +That’s about a 7% difference in favor of the stock market. [Last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), there was only a 3% difference. [The month before,](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/) the gap was 13%. + +## Implications/Observations: + +No news here: the 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not and has never been a winning approach when compared to the overall market. The total market cap is down -51% from January 2018 compared to the **-79%** for the cryptos that began 2018 in the Top Ten. This of course implies that I would have done a bit better if I’d picked different cryptos – but much better than if I’d put all my eggs in **NEM**‘s -95% basket, for example. To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-nine months compared to the market overall. + +In the following two Top Ten experiments, it’s a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel [2019 Top Ten Crypto Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17). For the most recent 2020 group, this approach had outperformed the overall market 100% of the time…[until this month](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +## Conclusion: + +The **Bitcoin** halving turned out to be a non event and markets continue to steadily rise despite riots in the US and a global pandemic. We’re almost half way through a very strange year. As the world changes, what will crypto’s place be in the new normal? + +Final word: Please take care of yourselves, your families, and your communities. [Be excellent to each other](https://www.youtube.com/watch?v=rph_1DODXDU). + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17) then again on [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +#### And the Answer is… + +B) Three + +**Bitcoin’s third halving event took place May 2020.** +Father-in-law already lives with my husband and myself free of charge for the last 4 months. As he is a pensioner, he spends 99% of the time at home watering the garden, doing the laundry (at least 2 loads daily), washing the exterior walls and windows every couple of days, etc. Sounds like a great help but our utility costs (electricity and water) have gone through the roof. Husband and I have spoken to him about being mindful of water and electricity consumption but he still continues his these habits. Also offered to find him a volunteer job to keep his mind off “household chores”. I reckon he has OCD. He is putting my husband and myself in a financial strain as much as he tries to “help” with household chores. + +As much as this upsets me, I understand that he is a pensioner (can’t kick him out, he’s too independent to be in aged care and zero savings for him to be in a retirement home). All I know he gets financial assistance from the government fortnightly, though I don’t know the amount. + +My husband and I have bought the house less than 6 months ago. I am wondering whether I’d be able to charge my father-in-law rent and would he be able to claim more financial assistance through Centrelink? Also, what would be the implication of this with the ATO? Husband and I have a gross earning of 120k annually. + +Thank you for your thoughts and advice. +Hi everyone, + +We haven't been to the shops except for our weekly grocery run, but last week we were driving along Parramatta road and noticed a big queue of cars turning into Costco, and people queuing up to go into the Nike and Adidas outlets (the queue for the Adidas outlet snaked around to the side street). + +I thought given the current economic climate people would reduce their discretionary spend but hubby thinks that all the government stimulus is doing what the government wants the people to do which is spend spend spend. + +What do you guys think? +Three main reasons: 1) no capital gains tax on primary residency 2) people more likely to feel comfortable leveraging debt to amplify returns 3) Lower liquidity without constant price meaning people less likely to sell due to fear during market downturn +[What DRSBOT looked like this morning \(probably\)](https://preview.redd.it/3z00bijh9a491.png?width=376&format=png&auto=webp&s=72f4f1028750bd49ec7d3121f61cf91b2b7ca696) + +Edit: thanks for the donation offers... please use that capital for more DRS bot food! + +So... DRSBOT lives on a little server stack I have running out of my home. I'm too cheap to pay for cloud hosting. + +As I was heading to \[JOB\] this morning... I didn't pay much attention to the backhoe I passed down the block. + +I guess I should have. + +I'm on a backup internet connection now... and I've gone back over the CS posts for the past 6-7 hours and re-issued BOT commands for all that I saw. + +If I missed yours, I'm sorry... no harm in going back to your post and re-issuing the BOT command for your entry. + +(Is that 250 characters? I'm not sure.... I'll pump out a few more characters to be sure. How about now? Is that 250? Probably. But I'll keep typing because I'm really too lazy to have to re-make this post). +38m/39f +NW: 3.5m +Income: Combined income 500k (non tech) + +As our net worth has been increasing we have noticed some unusual changes in our behavior and aren’t really sure what to make of it. Most of our net worth has been the result of savings/some real estate appreciation/some market returns, but nothing in the way of a windfall such as a inheritance, ipo, etc. That is to say that we have had good incomes for the past 10 years and just generally made good decisions with our money. If we really wanted something we bought it, but we always thought about major purchases and if they really were worth it or not. +We probably hit a $1M in NW about 5 years ago, then $2 a few years after that and now about $3.5 about 1.5 years after. + +This leads me to my question, over the past several months, as our NW has been climbing faster than ever, we’ve noticed that my wife is actually getting the opposite of lifestyle creep. She actively wants to try and spend less (we weren’t big spenders to begin with) and isn’t really sure why. We aren’t depriving ourselves of anything, but for some reason she has the urge to try and save even more. + +Has anyone else experienced this kind of change in mentality as your financial position has been improving? +A bit of background: I’m 32 with $5m net worth and a $400k salary. Currently I spend about $100k/year and the rest goes to investments and taxes. The vast majority of the net worth came from an IPO windfall, which I don’t expect to be able to replicate. + +Per-windfall, my fatfire goal was around the 5-10m mark, with some unknowns around lifestyle post-marriage & children. Now I’m struggling with the idea that if I just keep working and really live it up, spending my whole salary, my nest egg should double on average every decade. So I could retire now with $5m, or work another decade and retire with $10m at 42 years old. Or $20m at 52 / $40m at 62. Obviously my current lifestyle doesn’t really require a $40m net worth, but some $10m houses on Redfin sure do look nice... + +This is further complicated by the fact that I did try retiring once, pretty unsuccessfully. At first there was lots of travel, then lots of boredom, then ended up starting a startup just to have something to do (the startup was fun but didn’t work out). All in all it lasted about a year and I was so happy to go back to work just to be doing something challenging surrounded by interesting people. Part of me feels like I should have just put more effort into retiring, but another part of me feels like why not just work longer? + +Can we put this up for a quick vote - which would you rather do? +A. Retire at 32 with $5m +B. Retire at 42 with $10m +C. Retire at 52 with $20m +D. Retire at 62 with $40m + +Edit: So far the majority is leaning towards B, a few As, some suggestions of ‘play it by ear’, and surprisingly no votes for C or D. +Bitcoin is currently ranked #27 in [this leaderboard](https://assetdash.com/) that tracks all types of US-traded assets by market cap. + +$93,500 by June of 2022? +Remember when MATIC was sweating like a pig just from one sunflower game on its network? ..well same shit is repeating now with Avalanche. According to the users fees are even higher than ETH right now + +[User reports over 14$ gas fee for transaction](https://np.reddit.com/r/Avax/comments/swil2r/fees_what_the_fuck_14_usd_for_a_withdraw/?utm_source=share&utm_medium=mweb3x) + +The reason for congestion? A game with crabs called Crabada. Yes, I'm serious. It's sunflower fiasco all over again just this time it's crabs instead of flowers. And this time too, it's the network that is supposed to bring us extremely low fees and speedy transactions. I'm invested in AVAX but stuff like this really maks me wonder sometimes. + +Crazy what one little game with crabs can do to a network + +^(edit:spelling) +Before Apple wiped out Bitcoin from their app store, I was a Bitcoiner. Before then, I was a light-hearted evangelist of a technology that I believed in. Before then, I was a relatively passive member of the Bitcoin community. + +Today Apple decided to block a nascent technology that is empowering people and spreading freedom all over the world. This is an evil action. Regardless of why they did it, the effect is the same. The message to our community and the world is that the "bottom line" is what really matters. Apple has chosen profit over freedom, and that is not a choice I will stand for. + +Well, this move has made me change my "bottom line". My bottom line is now seeing the power wielded by the few stripped from them. Companies like Apple who are enemies of freedom will fall, and I will personally have a hand in their demise. + +Bitcoin just got political for me. + +I am recently (semi) retired after 40 years (of hard work) as a serial entrepreneur. + +Curious about yachting. I will start off chartering, with the idea of purchasing a yacht, to spend 12 weeks per year exploring the US east coast & Caribbean. + +Looking to spend +-$2m. + +Any input, thoughts/suggestions appreciated +Hello! + +I founded a company with one business partner over a decade ago, and our company has grown fairly large and successful. If we chose to exit the company today, we both could retire completely and happily — probably mid 8 figures apiece. The company has an established C-suite, external investors, and a functional board, so while we’re both very involved operationally (we sit on both the executive team and the board), the company could continue to run without either or both of us. + +Though there are a lot of factors keeping me working at the company, including the fact that I’m still enjoying much of the work day-to-day, I’m not getting any younger, and I’d eventually like to FATFire in the next few years. My business partner seems to have no plans to retire anytime soon. We both intend to sell the company eventually (would probably put us into low 9 figure territory each), but it’s increasingly likely that that date is more on the order of ten years rather than two. When I stop being an operator I’d like to remain closely involved as a board member, etc, and would feel like I missed something major in my life if I wasn’t part of the eventual end story of the company (ie being involved in the final sale). + +One major factor holding me back from even considering the early retirement path, however, is the reaction I anticipate my business partner would have. Even though we can easily afford to hire my replacement, me choosing to reduce my operational involvement would be perceived as little more than betrayal as he’d be left in the trenches while I would continue to benefit from the appreciation of the company. I’d like to avoid that reaction both because I value him as a friend and we’ve been through a lot together, and because I would worry he’d then exclude me from being truly involved as a board member and in the eventual exit. + +Any suggestions as to how to pitch this situation to my cofounder so we can figure out a pathway for me to retire over the next few years without burning a bridge? Or should I just bite the bullet and accept I that I would damage the relationship by stepping down as operator? +It's all in her name, and if it ruins her credit but leaves mine untouched I'm inclined to just let it rot. Apologies to the system and all, but screw these guys, I asked multiple times what different tests cost and they insisted on performing them. My wife had stroke symptoms, and it turned out that she did not have a stroke. EKG, lab work, CAT scan, etc etc. $11k. + +Our taxes last year showed us making about $15k after deductions. She was a student, I live frugally and do photography, so I have a lot of write-offs. We sleep on a mattress on the floor, drive a car that's twenty years old, etc etc. + +My credit is perfect, though, and I want to keep it that way. + +Once something goes to a debt collector - wtf are our options? I'm pretty pissed the hospital didn't even respond to our massive application for financial aid. We clearly fit the bill for assistance. + +**edit:** Also, I've read over the debt collectors wiki - it's great, however I'd like to know specifically if this can affect me, the husband, if everything is in her name. + +Hell it's not even in her legal name, but that's probably not too relevant. + +#Edit. You know what fuck it. Fuck this post and fuck hedge funds. + +#Fuck the inner workings. Directly register your shares for the best chance at standing on Ken griffin's stupid fucking face and destroying the entirety of citadel. + +#The end. + + +&#x200B; + + +&#x200B; + + +**TL;DR - I urge you to not immediately dismiss this post and thoroughly read through. There's a genuine list of benefits to DRS, but I want to address some of the myths I have seen going around the sub. My aim is to inform and provide the correct information...and as always, it's not financial advice.**  + + + +u/tallfeel ***edit - I think it’s important to note that those apes whose shares are tied up in a broker that can’t DRS transfer shouldn’t panic and sell in order to move to a broker that can. I’m seeing a lot of worried apes out there.*** + +I hate to write this post and I'll probably be down voted to infinity and beyond, but I feel a bit of critical thinking has gone from the sub regarding Computershare and direct registration. I want to clear up EXACTLY what happens and ensure the facts are addressed. + +&#x200B; + +&#x200B; + +**Some of the common points I see are usually...** + +&#x200B; + +* *Will we lock up the float?*  +* *They can't borrow or lend our shares* +* *This will trigger moass* +* *We're removing shares from the DTCC* +* *What happens if computershare registers more shares than the float?* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The good stuff + +&#x200B; + +**I want to start off with the good stuff so you don't think I'm running some FUD campaign.** + +As you may well be aware, the majority of the f\*ckery done by hedge funds and banks is done with shares held in the anonymous (but convenient) pool, registered to a 'Street name'. + +Directly registering your shares **does not allow** these people to mess with them and rehypothecate them into oblivion. + +**I want to stress that my current opinion, is that directly registering your shares better than holding in a street name.** + +&#x200B; + +**HOWEVER** + +&#x200B; + +There have been MANY myths surrounding what DRS can achieve, with some of it being just downright wrong. I am not here to dissuade you from anything, **I would just like to highlight my findings and show that DRS is merely just the better of two evils.** + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Recap + +&#x200B; + +Let's just recap exactly how it all works. u/atobitt s house of cards explained this wonderfully. I'll try and keep it in short snippets. + +&#x200B; + +Cede and Co hold all physical (real) 75 million shares of Gamestop. (stick with me here, don't scream it's more lmao , we all know it is).  + +If you bought your shares through a broker, the shares are registered in a 'street name'. For example, all shares owned by retail investors in Fidelity are registered under the name of 'Fidelity'. Fidelity just keep a record of who owns what in their little 'pool' of shares. Their balance is updated as and when people buy (or sell) shares from their 'pool'. + +This balance is an entitlement (or contract) to a certain amount of those shares held by Cede and Co. You buy the contractual rights of the stock. This includes dividends, voting rights...you get the point. + +&#x200B; + +In a previous time, physical certificates were more common to have and to hodl. If an investor decided to directly register their shares **AND** hold it as a physical certificate...  + +&#x200B; + +* The share would be removed from Cede and Co +* And reregistered to the retail investor + +*(this is the only way shares were/are removed from the DTCC...but we will get onto that)*  + +&#x200B; + +There were many concerns surrounding paper certificates. They can be lost, burnt, stolen and all the other disadvantages with holding something physical. So of course, the DTCC and many transfer agents decided it was best to move away from physical certificates and utilize the book entry system. (sound familiar? ) + +&#x200B; + +You'd be led to believe that the principle is exactly the same. Shares are transferred between the DTCC and the transfer agent, leaving the shares to be yours to register as though you had the physical certificate. + +&#x200B; + +**Wrong.**  + +&#x200B; + +Of course, the DTCC are a bunch of crooks. As you may have understood from above, you don't hold shares in your account, **you hold the contractual rights to the shares, the shares are still held at Cede and Co.** *This isn't anything to worry about it's just clarification.*  + +&#x200B; + +***Take a breath. This is nothing new. Let me explain a little more..*** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# So what happens when you transfer to Computershare? + +&#x200B; + +As you seen above, the only way to get shares OUT of Cede and co was with a paper certificate. So what happens now? + +Well here's where it gets interesting... + +&#x200B; + +To transfer 'physical certificates' (they're actually digital but the principal remains) the DTCC transfer these shares via the FAST system. These shares are digitally transferred to the transfer agent and held in a 'FAST Balance'. + +&#x200B; + +In short, this FAST balance is the amount of shares 'taken out' of the DTCC. (*stick with me... More on this*). As paper certificates aren't being physically removed anymore, *(ie paper certificates)* the DTCC conjured up **balance certificate.** + +&#x200B; + +https://preview.redd.it/jezeabj1vao71.png?width=917&format=png&auto=webp&s=d8d861db4a55c70ade0a61b5428564dde713d783 + +**What are these? Well here's where it gets interesting. It becomes extremely convoluted at this point so I will try and keep it simple-** + +&#x200B; + +Cede and Co hold the shares. You transfer to Computershare and they receive an IOU. **This is an IOU for computershare to owe the DTCC for the shares they've 'removed'. It goes a little like -** + +&#x200B; + +**DTCC** \- *You've taken something from us and actually owe us* + +**Computershare -** ***oh okay that's cool, so what do I actually have?***  + +**DTCC** \- *Well you hold a single certificate, that states the balance of the shares you've 'taken' from our vault. You can put people's names next to it, just like if they had a paper certificate!*  + +*They'll have all the same rights as though they had one, just not actually hold it. Sound good?*  + +**Computershare** \- ***well what happens if somebody sells?***  + +**DTCC** \- *it's cool, just update the balance on that single certificate accordingly.*  + +&#x200B; + +&#x200B; + +**So it's a little shady I have to admit.**  + +**The actual contract between the DTCC, transfer agents and balance certificates is even WILDER.** + +&#x200B; + +[ B](https://preview.redd.it/gtcd1y8cwao71.png?width=704&format=png&auto=webp&s=455b2b79b2536e2d83b3da84ed791b668712b764) + +[BALANCE CERTIFICATE (dtcc.com)](https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-PROC-Agreement.pdf) + +&#x200B; + +**So the registered owner is STILL CEDE AND CO. The shares WITHIN the FAST balance is registered to individuals and will help GameStop identify actual share holders.** + +**This was just the DTCCs way of keeping their stranglehold on the entire stock market.** + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So where the F*ck do you go from here? + +&#x200B; + +**I repeat, there are MANY beneficial reasons to directly register. However, some have gotten carried away with factual inaccuracies.** + +Pooled shares in a 'Street name' are subject to so much fuckery as we have seen. This includes lending programs, turning off the buy button and other ways to restrict you from exercising your rights as a shareholder.  + +Irrespective of the fuckery behind the scenes, **directly registering your shares removes that capability for SHFs. That alone is a reason to move there.** Also, a dividend is much easier to distribute as it can come to you directly as you're registered directly.  + +The benefits explained are in all the other posts as I'm sure you've seen.  + +&#x200B; + +&#x200B; + +**Let's address the initial questions at the start of the post-** + +&#x200B; + +* **Will we lock up the float?** \- Well in theory, you're removing shares from 'the pool of fuckery'. So yeah, it's is possible. + +&#x200B; + +* **They can't borrow or lend our shares** \- exactly right!  + +&#x200B; + +* T**his will trigger MOASS** \- Difficult. Anything could trigger MOASS. Though I don't believe this is the silver bullet people are making it out to be. DRS is great but I don't think it's the be all and end all. + +&#x200B; + +* **We're removing shares from the DTCC** \- **NO**. Not anymore. Since the removal of paper certificates nothing is actually removed and everything is still technically owned by the DTCC and held at Cede and co. + +&#x200B; + +* **What happens if computershare registers more shares than the float?** \- Probably nothing. They just register and keep the shares tallied up imo. HOWEVER, as there is now a list of shareholders that could possibly be higher than the float, providing a dividend is that much easier to prove SHF fuckery. + +&#x200B; + +# Should you worry after this post? Fuck no. DRS is a better of two evils and removes hedge funds ability to fuck with your shares.  + +# This post was merely aimed to keep you angry at a corrupt system and to clear up the misinformation! +I discussed this a little while back in one of the daily threads so not sure if you are discussing me or not. I have built up a portfolio of 15 rental units in the last 4 years with a partner. + +I knew I wanted to invest in real estate as soon as I read Rich Dad Poor Dad maybe 10-12 years ago. I was still a bit risk averse, so I wanted to do it with a partner rather than on my own. That way I had half the cost, half the risk, and half the work if things went really bad. I asked around for 4 or 5 years for anyone interested, and I probably had 10 people say they wanted to do it with me. However, when it came down to it, no one actually followed through. + +Enter four years ago when I posed the question to another like minded friend of mine, and he was gung ho. We bought our first property about 4 years ago when the market was still flooded with foreclosures. Great up and coming area of town, great price, just needed a lot of work. We did a lot of the work ourselves, even though we both had full time jobs, and rented it out quickly (sidenote: the tenant is still there today). + +We were instantly hooked. We also realized we did not want to do the renovations anymore, so have gone through numerous different contractors and have finally found one that is fantastic. We also no longer manage the properties, we pay a 3rd party manager 8% of the rents to manage for us. + +Each property cash flows maybe $200 to $300 on average per month. In addition, each property has about $100 of principal paydown per month. This is in addition to the tax benefits from depreciation, and what appreciation we do get. + +We typically buy the properties with cash, fix them up, rent them out, and refinance with a lender pulling most of our cash out and rolling it into another property. + +We are investing for cash flow and not depending on appreciation though. We live in an area of the country with pretty affordable housing that doesn't have the big booms, but also thankfully doesn't have the big busts. + +Since we don't manage, we don't have the dreaded "fix my toilet" phone calls. We also don't have to chase down rent. We've never had a trashed unit and we've never had an eviction (knock on wood, I'm sure it happens at some point). + +Our goal is to acquire 5-7 units a year for several more years, focus on paying them down, and then when we retire we can live off the income. + +If you have any other questions let me know, I love talking about this stuff! + +Edit: I'll be around some more this weekend if you have any questions! +As of August, Reddit said it had a [valuation of about $10 billion](https://www.wsj.com/articles/reddit-taps-investor-appetite-for-startups-further-raising-valuation-11628766000) **after raising more than $400 million from Fidelity Investments Inc.** In February, the social-media company said it had raised about $500 million at a [$6.5 billion valuation.](https://www.wsj.com/articles/reddits-valuation-doubles-to-6-billion-after-funding-round-11612833205) + +[https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013](https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013) +I'm talking specifically about losing money. I was just thinking about this today. I gotta be the only retard to lose money on tesla(ok not really but in my head I am)..I lost 800 bucks on it because I sold too early before they got added to s&p. 800 bucks...in any other scenario of losing that much money, lets say someone came up to me and scammed me, I woild be sweating bullets, damn near ready to kill them. But I lost that much money on tesla and I was like "that sucks, oh well". + +Literally that was the most of my reaction. There have been times I got 500 bucks and go "meh, nice." Or "damn, I cant believe that's all I got". As if thats not a lot of money to a lot of ppl. + + +Its an interesting psychological thing to me how this thing that really defines our life is just so casually treated simply because we are "investing". + +Shit is crazy to me. Whats more crazy is how quickly you get used to the losing and gaining. +This forum I think, is supposed to be for the poor and struggling. If you got your stimulus check and paid off some bills - good for you. And, you are going to right back into debt if you don't make more money. + +A lot of us here are trying to figure out how to get food. +The trade is to buy 100 shares of TSLA. then sell the combo of at the money call and out of money put. + +for one month. September 30 would be + +100 shares of TSLA is $282 + +Sell 1 Sept 30th 280 call for $20 and sell 1 $258.33 put for 9.30. Take in 29.30 on combo + +282 - 29.30 is net cost of $252.70. + +Result: if stock closes at 280 or higher stock is called away. $27.30 on 252.70 net cost is about 11%. + +if stock drops below $258.33 you are put another 100 shares. You now own 200 shares at average cost of about $255. So with stock at $282 you are buying 200 shares at a discount of about 10%. + +So down 10% you don't lose and do trade again. + +Stock stays here above 280 and you make 11% for 1 month. +I am 45, own a house (with my wife) and have no debt. + +About £30k savings and £60k in my pension. + +I earn £70k PAYE and just paid off the house so have started salary sacrificing the salary I don't need right now into my pension. + +I take £30k of my salary to live on (this still allows for £300/month spending and £300/month short term savings) and put £40k/year into my pension via salary sacrifice to avoid paying any tax and NI on it. This £40k includes my employer pension contribution. + +I assume this is the best use of my money right now as it is very tax efficient and I want another £400k in my pension to give me the option to retire at 60. + +I don't know of anyone else putting this much into their pension though; I assume it's just because I live more cheaply than most people but do you think what I'm doing is the best course of action or does anyone have a better idea/see a problem doing this? + +Thanks +I still see posts today saying they’re going to immediately quit once shit hits the fan. + +DON’T DO IT IMMEDIATELY. + +First of all, is the money in your account yet? No. Have you consulted a legal team and accountants on what to do with your wealth? No. Are you making passive income off of your new found wealth? No. + +Also consider the people who are going to see you quit soon after the MOASS. “Oh did you hear joe quit?” “Odd, he just got promoted...” and then they could put the pieces together and figure out you probably got rich as fuck from GME since it WILL be everywhere when it moons. Just make sure not to paint any obvious targets on yourself. + +Honestly, you could consider working a little longer at least until things die down then exit your job. ***But I know everyone’s situations are different. If you think quitting immediately is better then go for it but weigh out the immediate pros and cons first!*** + +This is not financial advice. I am not a financial advisor. + +**EDIT: It seems some people are taking this the wrong way. At the end of the day, it's an opinion. I am merely just looking out for the community. All of your situations are unique and different. Choose what is the best route for yourself. You know yourself best.** + +**EDIT2: I'm simply just saying weigh out all the pros and cons of quitting immediately. Set yourself up first with passive income. And make sure you exit quietly so you don't have any targets on your back. I am not sure why some of you are taking this so personally. If your situation is unique like I stated several times, then all power to you and I just want to see my apes be happy and safe. When I say "keep yourself humbled" I'm saying don't let the crazy amounts of wealth blind your best interests for yourself long term. But I'll replace that phrase with something that comes off more friendly. JUST BE CAREFUL!** + +**EDIT3: If you're happy with your job then you're chilling. This post is mostly directed towards the people planning to immediately quit their jobs once the MOASS commences.** + +**EDIT4: Thank you** [**dizshbLd**](https://www.reddit.com/user/dizshbLd/) **for posting this. Please read the top comment for this too!** [**https://www.reddit.com/r/AskReddit/comments/24vzgl/you\_just\_won\_a\_656\_million\_dollar\_lottery\_what\_do/chba5nw/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3**](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba5nw/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +An update from my previous post [a look at the brokers available for buying US stocks from Australia](https://www.reddit.com/r/AusFinance/comments/lgsdyc/a_look_at_the_brokers_available_for_buying_us/) + +I edited the table a bit and included Charles Schwab and Tiger Brokers as they were mentioned in the last post. Wherever there's a '-' it means it's either not applicable or I couldn't find anything on it. + +[Table V2](https://preview.redd.it/jxbku3zg6do61.png?width=1832&format=png&auto=webp&s=ed3f838ae13aafc40643b182f305e42159568aab) + +I ended up going with IB for US and SelfWealth for AUS (no commission for five trades using a referral code). It comes down to IB's fx fee being way lower than any other broker (virtually 0 compared to 0.6%). Although I couldn't find anything concrete on Charles Schwab they seem to have just as good a fx fee going in (they convert AUD to USD automatically) but the trouble is when withdrawing you have to find the cheapest way to convert USD back to AUD. + +I have read people open up bank accounts here locally that can hold USD (like Citibank Global) and just send USD from Charles Schwab to there until rates look favourable to change back to AUD. What they all seem to use to convert back to AUD though is a money conversion service like Transferwise, OFX, or Revolut but their rates seem just as high as other brokers depending on the amount you convert back at once. I just checked and for $10000 USD on Transferwise's (Wise) website it says they charge a $49 USD fee which is almost 0.5%. Revolut allows up to $9k AUD to be converted each month with no fee (I assume it works the other way with the equivalent USD as well) and after that it's 0.5% but I have heard they are annoying to deal with and money that comes in can have the account frozen. Seems unreliable but perhaps good for just small amounts if you can afford to wait. + +I also read people use IB purely to exchange AUD to USD and then send from IB to fund their Schwab account. Same deal on the way back out for USD to AUD, send from Schwab to IB and convert. IB allows one free withdrawal per month and after that it's $10 USD or $15 AUD per withdrawal. You can also probably get around Schwab's $25k USD min deposit by not buying/selling the same stock on the same day (you'll get flagged as a 'pattern day trader') so buying and holding with an amount under that could be safe. If this works then this is probably the ultimate method for any amount as you can get the $0 brokerage and no inactivity fee from Schwab while avoiding their deposit minimum and get the best fx rate from IB. You'll just have to pay $15 USD on the way out. I think I'll test this sometime soon once I create a Charles Schwab account, currently having troubles as I stopped halfway through creating one (it timed out) and now it says my ID is taken and there seems to be no way to resume the incomplete account. + +So yeah seeing how much of a hassle it is, I just went with IB for the moment. The inactivity fee is waived for the first three months and if you're under 26 years old it's $3 a month. +Hi all, I haven't seen anyone post this yet but here's a new tool the ATO have released to help compare your super fund to other funds: + +[https://www.ato.gov.au/Calculators-and-tools/YourSuper-comparison-tool/](https://www.ato.gov.au/Calculators-and-tools/YourSuper-comparison-tool/) + +Very handy in that you can compare your actual balance as opposed to basing it off a $50k balance. +So, I bank with Commonwealth, and today I was mistakenly debited $2000 by a rental company that I have had only 1 transaction with in the past. So first thing I did was call them and ask whats going on, the manager could see that it was an incorrect debit and she has requested a refund, but said it can take more than 10 days ! I have also raised a Commbank unauthorized transaction dispute , but was told this can take from 5 to 45 days to refund! + +My account is now -$2000 the week of Christmas, my pay goes in Thursday but will just be taken by this debt. I don't know what to do please help!!! +After a trip to the docs they were considering a COVID antibody test for coronavirus but led with the statement that I might not consider risking even taking the test due to the implications it would have on your medical record for things like life insurance and current/future mortgage declarations etc. + +I appreciate we don’t know the long term effects of COVID but it surprised me to think even considering taking the test would have such financial implications. + +Does anyone have any experience of this and what the actual implications may be? +I was doing well, then got way too greedy with trades. + +Started going against my strategy, averaging down when things got too rough and blew up over 90% of my trading account. + +I want to give it another shot. When I stick with my strategy Im quite profitable. Thing is I frequently have dips where I stray from it and then everything goes to hell. This time has been far worse than others. I’ve been 50% down before but was able to get it back. + +So I want to throw in a few more grand to try again and if this time doesn’t work out, I’ll likely stick with long term/index fund investing. + +Any tips would be greatly appreciated. +I would like to know what works for those who have profitably traded through the past 6 months (and ideally been trading for a longer period, of course). + +Would appreciate if you could share the broad specifics: + +1. Time charts you look at. Do more timeframes actually distract away from good setups? + +2. Decision based on Price action, candlebars, MA, or? + +3. Risk reward settings: do you go for rr or win rate? And how do you set your stop loss? Rr ratio is starting to annoy me, because I realise many good setups are forfeited when rr ratio is the focus. Perhaps the probability of win matters more! What is your approach? + +4. Focused on a few counters, or apply your strategy to counters that meet your criteria? I’m thinking that if TA works, it’s probably going to work on SPY than on other names. Would like to hear your experience on this point. + + +5. Your strategy works best on forex, Stocks, options or futures? + +6. If possible, pls share some details of your strategy. + +Thank you! +I recently got offered a 55k job in Athens, GA but there is no rental options in the town at all. + +One option was 1600 for a 2 br townhome that I can walk to work from, but my family is telling me I don't really need 2 br townhome, and 1600 is way too expensive and I should be looking at something 1200. + +But a lot of the ones that are cheap high crime areas where the reviews mentioned roaches, bats, mold, people braking into peoples cars ets. + +Another option was in a 1 br apartment in those 2 story buildings that kinda looks like an old motel for 950. But, one unit has a window unit instead of central ac, and no washer/dryer so I would have to go to a laundromat. This unit is around 5 to 6 minutes from work. + +Another option was a 1 br apartment around 15 minutes from work for 1350. But, with the long drive and and it being almost as high as the townhome would it be better to take the L and pay the 1600 to be closer? +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 am fresh off a week of vacation at home, and it was a dream. Honestly, I could live that way forever. I got a lot done, and enjoyed myself immensely! But I'm not comfortable retiring early, as I have kids to support (I am the main monetary support for an entire family) and I would like to help them get through college. + +I am starting to wonder about just going part time though. I think even cutting 4 hours off my work week would probably make a big difference in my wellbeing. I don't hate work when I'm there, but I dread it a lot, which makes me less productive at home. I also don't love work, and it takes up a lot of time between commuting, working, lunch, etc. + +Has anyone here chosen to just cut back on hours? I am worried I will be more likely to be considered expendable in the future if I don't work full time. My career pays highly, but the future doesn't look good across the US. It would be hard for me to find another comparable job that pays as well. My fixed monthly costs aren't that high though, I have a paid off house, and a bit over two times my salary in retirement savings. I would have to cut my savings rate back in order to do this though. + +Is it worth it? I will probably always wonder unless I take the plunge and do it. I'm not sure I'm brave enough though. Any advice from the other side? +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 popped over to leanfire and had sort of a shower thought: if the 0-15% LT capital gains bracket is a hair under $40k and you're living off $40k in investments, does that mean only ~$500 is taxable? + +Then I thought, "it's not that simple, if you contribute (using more or less my own numbers here) 250K to a taxable account and have a final portfolio value of 750K after Y years, that's 500k in gains, and that's all the LT taxable gains." + +So what does this realistically look like from a tax standpoint? If you want to withdraw 40K/year from that 750k number above, what would the tax burden actually look like? For simplicity let's say that you have no 401k or job you're also pulling money from; you're surviving purely on those $40k/yr withdrawals. +Doesn't this all feel familiar? I think the majority of our community is fortified against the noise, but some older and newer members may be feeling the emotional drain of holding such a solid investment. + +I have now been holding GME for almost six months. Not as long as some, but more than most. I bought in right before and during the January run up. Then watched it crash. Then crash some more. I sat on an 80% loss, and questioned whether I got too wrapped up in a "pop culture" moment. + +I wasn't devastated because GME was maybe 7-10% of my portfolio at the time. I literally just got in the day before it really ripped. I saw all the articles about shorts being closed, everything being over. "Thanks for coming to the game. We're taking your ball and going home." + +Then, I started seeing some push back. First on /r/GME then here. I thought to myself, am I witnessing mass coordinated bullshit to protect an elite group of people? No, I was told. That's what tin foil hat people say. Yet, the evidence was there. The Jim C. "The Street" interview. The fines and penalties for the illegal shit that "doesn't happen because it's illegal." + +I started reading the original DD on here. Then the follow up DDs. I respected the peer reviews and critiques. I stood up, raised my head high, and said "the price is wrong, bitch." + +My dad and brother constantly tried to convince me I was being fooled, MSM tried to convince me I was being a fool, Meltdown™️ tried to convince me I was retarded. The thing was, I already knew I was retarded. + +Then Dave, Wes, Susan, and others showed up. Would these professionals risk their credibility here if they didn't see some truth in what we were observing? I didn't think so. + +I am now 100% invested in GME. I am 100% convinced this is a once in a lifetime investment opportunity. I am 100% certain my only regret was not committing earlier. + +Is this downward trend a little demoralizing? Sure. But this is like the third or fourth fucking time for me. At this point it can be a little demoralizing because it keeps dragging on, but I know the conditions that prepped the rocket are still in place. + +As time has dragged on I've seen the severe dilution of this sub. Some of it is organic due to growth, some I do believe is orchestrated. The sheer number of posts being made, duplicate posts, tea-leaf TA that is nearly always wrong. The times it's right may be good TA, may just be a coincidence. There is an effort being made to dilute the strength of this sub. I think many of the OG apes have stepped back from engaging, I know I have. + +I just wanted to reach out and say that if you're beginning to question things, that is another party achieving their goals. I could have sold numerous times for huge profits. I could sell tomorrow for a good profit. I'm not going to though because this is still playing out. + +The original DD is still applicable. We just need PAY-SHUNTS and 💎🤲 +The bottom on March 23rd is now more than a month ago. We know from looking at posts from around that time that /r/investing was holding cash, telling everyone who would listen that "the worst is yet to come" and to sell, sell, sell! The few people commenting about holding, or even worse buying, were immediately downvoted. Any post about selling was upvoted as high as possible, clearly indicating /r/investing's views on what the right move was. + +But how wrong the sub was. Now that S&P is up 26% from the bottom, one of the fastest rallies ever seen. + +Have you accepted that you missed the bottom, and are you planning to get back in? Or are you hoping for a new low? +I have no doubt that this company is known by many or at least the products that they're selling. + +The goal of this post is to analyze the company's fundamentals, lay down some assumptions about the future, and value the company as a whole. + +As always, a link to those who prefer to watch the analysis: [https://youtu.be/iwnQNUCFUWQ](https://youtu.be/iwnQNUCFUWQ) + +Levi's has been around since the 1850s, it has survived the World Wars, plenty of conflicts and scandals as well as the latest pandemic as a public company. Although it has existed for 170 years, it is public as of March 2019 (It has also been public between 1971 and 1985 before it was taken private again). + +&#x200B; + +**What is Levi's?** + +In a nutshell, it is one of the world's largest brand-name companies that designs, markets, and sells apparel. You'll notice that manufacturing and distribution are not included in the previous sentence. + +That's because nearly all of the products are sourced & distributed through independent manufacturers. We can definitely debate whether having the manufacturing in-house is better or not, there are pros/cons to each option. + +&#x200B; + +**The DTC expansion** + +If you go through any of their latest quarterly/annual reports, investor presentations, or listen to an interview with their CEO, you'll notice that these three letters DTC appear very often. So, what is DTC and why is it so important? + +DTC stands for direct to consumer and it's easiest to illustrate its importance through a simple example. If any of us buys a pair of Levi jeans through their eCommerce or through their retail store or through a third-party store, at the end of the transaction, we have the jeans and we've paid the cash. However, for Levi's, the transaction isn't the same. If the jeans are purchased through a 3rd party retailer, well, they'll get a small percentage of it (Otherwise why would they be selling the jeans in the first place?). + +Back in 2011, only 20% of all the revenue came from DTC channels (Ecommerce and company-operated stores). This percentage increased to almost 40% in 2021 and the management is aiming for 60% by 2030. + +The more sales they're able to shift to DTC, the higher their gross margin will be. + +&#x200B; + +**The financials** + +In the last 5 years (despite the pandemic), the revenue grew by 5% on average, ($4.9b in 2017 to $6.2b in the last twelve months). This percentage of course indicates the maturity of the company and it would be unreasonable for us to expect double-digit growth rates in the future. + +In the same period, their gross profit margin increased from 52% to 58%! This really shows the brand behind the company. In difficult times, also with high inflation, a good brand is able to pass the prices to the final consumer. So far, Levi has been doing a great job in that aspect. + +However, the operating expenses as % of revenue have increased, which is not ideal (42% in 2017 to 47% in the last twelve months). + +Putting all of this together, we get to the operating margin that has improved from 10% to almost 12%. + +&#x200B; + +**The management's targets** + +The management is aiming for $9-10b in revenue by 2027, that's an annual growth rate of over 8%, way higher than what they delivered in the last 5 years. However, the company is not afraid to acquire other companies if they believe there's a good fit within their portfolio, so this increase in revenue doesn't have to come organically. + +As for the margins, they're aiming for 60% gross margin and 15% operating margin. Part of this could be expected by their actions when it comes to the DTC expansion, but there's a lot of work to be done, especially when it comes to managing operating expenses. + +&#x200B; + +**The balance sheet** + +Levi's balance sheet looks quite clean and stable over time, with the exception of inventory. The level of inventory has been between $850 and $900m for the last 4 years and recently it spiked up to $1.1b. What causes it? Based on the data available, inflation and increase in the price of cotton. However, it is something that's to be monitored. One way that management can distort numbers is by ordering higher quantities that they can actually sell. When that happens, they are able to negotiate lower prices per product that immediately improves the gross margin. However, if that is the case, they're also stuck with inventory that they cannot sell, which one can argue is worse. + +&#x200B; + +**My key assumptions & valuation** + +Now, only because the management has big targets, that doesn't mean we should incorporate them in our forecast and take them for granted. My assumptions are as follows: + +Revenue: 5% growth for the next 5 years then slowly decreasing to 2.75%. + +Operating margin: Slowly improve over time to 12.5% + +Discount rate: 7.75% increasing to 8.01% + +Based on those assumptions, the fair value is $7.9b (**$20.03/share)** + +Current market cap is $7.55b ($19.02/share) + +&#x200B; + +*Note: I have taken into account the cash, debt, and deferred taxes on their balance sheet as well as the outstanding equity options.* + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will grow by 53% in 10 years and the operating margin will be 12.5%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|10%|12.5%|15%| +|:-|:-|:-|:-| +|40% ($8.8b)|$14.9|$18.8|$22.7| +|53% ($9.5b)|$15.8|$20.0|$24.3| +|86% ($11.6b)|$18.2|$23.3|$28.4| +|100% ($12.5b)|$18.9|$24.3|$29.8| + +The intersection of the 3rd row (86% revenue growth) and the 3rd column (15% operating margin) is what the management is aiming for. If they're able to deliver that, then the fair value of Levi's today is a bit over $28/share (A potential upside of over 40% compared to today's share price). + +If they deliver the revenue growth without margin improvement or the other way around, the upside is a bit over 20%. + +What are your thoughts on Levi as a company? + +Also, feel free to provide feedback regarding the analysis, that is always appreciated! +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +Take everything here with a grain of salt! We suggest checking other users' posting/commenting history before following advice or stock recommendations. Watch out for shill accounts that pump the same stock all over Reddit, or have many posts/comments deleted in other investing subreddits. Stay safe! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Hi everyone, I’ve been a value investor for a bit now and one of my favourite deep value strategies are Graham’s net nets. We know that they work in the US markets but I wanna try the same out for Indian markets as well so I figured I’d backtest the same, but I’ve got no experience with back testing and I don’t know how to go about it. If anyones got any advice or help on how I can begin, it’d be a big help, thanks in advance ! +1. Graham says, "A stock split may be carried out by what technically may be called a stock dividend, which involves a transfer of sums from earned surplus to capital account; or else by a change in par value, which does not affect the surplus account." - What does it mean to move earnings from surplus to capital account? +2. Graham says, "The advantages of a periodic stock-dividend policy are most evident when it is compared with the usual practice of the public utility companies of paying liberal cash dividends and then taking back a good part of this money from the shareholders by selling them additional stock (through subscription rights)." - What does "subscription rights" mean in this context? +3. And finally, Jason Zweig says, "Incredibly, although options are considered a compensation expense on a company’s tax returns, they are not counted as an expense on the income statement in financial reports to shareholders. Investors can only hope that accounting reforms will change this ludicrous practice." - Has this practice changed in 2020? + +Non-finance person here. +I've basically got the gist of it but I'm still unsure what I should totally include. I'm from India if that helps. The annual report is this one https://www.imfa.in/pdfs/Annual-Report-2012-21.pdf +Right now, my portfolio is rather tech heavy. J.P Morgan is basically my only non-tech stock. I want to diversify a bit. What do you recommend ? I feel like right now the energy and commodity sectors are overpriced, due to the Ukraine situation. Right now I am thinking about Blackstone ad it gives me exposure to PE and RE. Maybe also Procter & Gamble. What other stocks could you recommend +I’m trying to understand how the reverse Morse trust works, from how it sounds I believe the spin off would be in a distribution like a dividend, thus the share value of AT&T would fall by the same value as the shares in Warner Media Discovery you receive. Is it instead a share conversion? Where if you own say 100 shares of AT&T, you then would receive 15 Warner Media Discovery shares and be left with 85 AT&T shares (assuming the shares are the same price). The option market seems to believe there is not going to be the large dividend but it sounds like that is what will happen from what I’ve read. Would love it if someone cleared this up for me. +How does a guy like me, a 19yr old undergaduate in history, find and build his 'circle of competence' from among a bunch of super technical fields like infrastructure, realty, FMCGs, banking, software, pharmaceuticals etc. +Currently im readin "The inteligent investor" And i have a question. Graham mentions that a good investment would be equity that is inherently sound and promising and not popular in wallstreet. Where do you guys find about companies with these characteristics? Thanks in advance for all the answers! +Over the summer I got into learning about valuation. I'm a complete noob when it comes to finance (I actually study chemical engineering), but I set a goal for myself that by the end of summer I would have some basic understanding of the different types of valuation methods that exist (DCF, comps...etc) and actually attempt to perform them on public companies. Looking for some advice from people that have done this a little longer than I have: + +&#x200B; + +1. **Book recommendations?** I've read a few books most notably Ben Graham's Securities Analysis. What else would you recommend? +2. **Tools?** So far I've been using a plain old spreadsheet and some valuation model templates I found online. Are there better tools out there? +3. **Data?** I'm using [marketsheets.io](https://www.marketsheets.io) right now and have also used finbox's spreadsheet add-on in the past. Is it worth paying for this kind of stuff or is there some free alternative? +I am interested in this stock called MI homes. They are located mostly in the southern US. They have a very cheap stock price. The main problem is that , will the US people buy more houses despite the rise in interest rates or will the construction of new houses and new loans be very hard to procure? I do not live in the US and do not know if this is a value trap or a great bargain. The balance sheet has lots of inventories. Its assets are growing rapidly. They have a kinda ok operating profits because of the cyclic market some years they have bad operating cash flow but right now they are a net net. +This might not be quite the right sub for a discussion on the purchase of a type of security that doesn't produce any value. However, most other investing-related subs seem to have at least some discussion on speculative nonsense (technical analysis) or judging a companies plans/story without considering fundamentals and I don't want people who tend to think that way crowding the discussion. + +In the link posted, you can see how for the first time in \~45 years, core CPI exceeds the 10-year treasury by a large amount. History and my intuition would dictate that this cannot last. I've been watching yields and inflation for a while and now feels like the time to do something. The way to potentially profit from this mismatch would be to short Treasury bonds, either with options or by buying (an) inverse ETF(s). (TBT for example) Has anyone else considered this? + +I'm inclined to put a considerable amount of my portfolio into this. (I'm still young so we're not talking that much) People on this sub may be among the few that could make a convincing case against it. Is there anything I'm missing? + +When I started investing I swore I wouldn't be speculating but here I am. + +Edit: [https://www.bespokepremium.com/think-big-blog/cpi-vs-treasury-and-dividend-yields/](https://www.bespokepremium.com/think-big-blog/cpi-vs-treasury-and-dividend-yields/) +Below is a rough analysis I did on CONNS INC. Also included is a link to a word doc which actually includes images to the figures I'm referring to. Feel free to skip reading over italicized information from 10-K, it makes it a much faster read. Let me know your thoughts or if you disagree with anything, I'm definitely interested in hearing where I might be wrong. + +[Click here for word doc with figures included.](https://docs.google.com/document/d/13wD97I0PO0H1HpSlePhMBPC7KbogtN_u/edit?usp=sharing&ouid=117583360247176894822&rtpof=true&sd=true) + +[Click here for CONNS most recent 10-k.](https://www.sec.gov/ix?doc=/Archives/edgar/data/1223389/000122338922000012/conn-20220131.htm#i00c1bb8c93c44f13b607a39550fed719_73) + +**CONNS INC (NASDAQ: CONN)** + +Business: Conn’s Inc. is a publicly traded American furniture, mattress, electronics and appliance store chain headquartered in The Woodlands, Texas, United States. + +Conn’s is a specialty retailer currently operating 150+ retail locations in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. + +Conn’s operates in a highly fragmented market. From their 10-K for 1/31/22 reporting date: + +“*Currently, we compete against a diverse group of retailers, including national mass merchants such as Wal-Mart, Target, Sam’s Club, Sears and Costco, specialized national retailers such as Best Buy, Ashley Furniture and Mattress Firm, home improvement stores such as Lowe’s and Home Depot, and locally-owned regional or independent retail specialty stores that sell furniture and mattresses, home appliances, and consumer electronics similar, and often identical, to those items we sell. We also compete with internet retailers such as Amazon, Wayfair and manufacturer-direct websites. In addition, there are few barriers to entry into our current and contemplated markets, and new competitors may enter our current or future markets at any time. Certain of our competitors are beginning to offer third party financing or provide other forms of credit, which compete with our in-house credit programs for credit-constrained consumers. We also compete against companies offering credit-constrained consumers products for the home similar to those offered by us under weekly or monthly lease-to-own payment options. Competitors include Aaron’s and Rent-A-Center, as well as many smaller, independent companies.”* + +According to Conn’s Inc. the company’s competitive strength is based on offering financing option, including their proprietary in-house credit programs. 10-K*: “For the fiscal year 2022, approximately 51.0% of purchases were financed through our proprietary in-house credit programs, approximately 28.1% of purchases were financed through the use of third-party financing, and approximately 20.9% of purchases were made with cash or credit card.”* This will be important later. + +As of 5/20/2022 the business has a market capitalization of $286,390,000 with 23.7 million shares outstanding at a price of $12.04 per share. + +Based on the balance sheet figures from March 2022, the business had a book value of $614,819,000. The business has no goodwill or intangible assets, as such the book value is equal to the tangible book value. The business is selling on the market for $328 million less than its liquidation value. Book value per share was $25.84 as of 1/31/22, more than double the current market price. Of important note, the business has successfully managed to increase its shareholders equity consistently with the exception of the period 2/1/2020-1/31/2021, due to COVID and mandatory lockdowns. + +Conn’s Inc has a price to book ratio of .47. Generally, a business selling below its book value is a distressed business which has been losing money. However, if we look at Conn’s performance over the years, we see a business which has been able to consistently post profits. + +With the exception of the period ending 1/31/2021. Conn’s has posted consistent profits. The average profit over the past 5 years (including the loss year) is $48.27 million. Adjusted to exclude the loss year, average profit for the past 5 years is $61 million. One important note, the large increase in earnings for 2022 is not related to sales growth as the sales levels are comparable to 2018 and 2019. The jump in net income appears to be primarily related to their provision for bad debts. The business adjusted how it records bad debt in the most recent year, significantly reducing the balance and as a result increasing income. + +What is really interesting about Conn’s is their cash flow information. 2021 saw free cash inflows in excess of the current market cap! FCF was $406 million in 2021. The average FCF over the past 5 years is $142,568,400 + +Additionally, the business repurchased $121.6 million in shares between 2020 and 2022. Note: no shares were repurchased in 2021. Furthermore, in December 2021 the [board authorized a $150 million dollar share repurchase plan](https://www.globenewswire.com/news-release/2021/12/15/2352402/0/en/Conn-s-Announces-Authorization-of-150-Million-Share-Repurchase-Program.html#:~:text=Conn's%20Announces%20Authorization%20of%20%24150%20Million%20Share%20Repurchase%20Program,Conn's%2C%20Inc.), with the authorization expiring December 14th 2022. As of March 2022, Conn had repurchased 5.9 million shares at an average price 21.41 per share which equates to approximately 20% of the company’s outstanding shares as of the prior reporting date in October 31 2021. + +You may be wondering, how can a business with a tangible book value of $600 million, consistent profits, hundreds of millions in free cash flows and share buybacks of $150 million be valued at a mere $268 million? + +If we take a look at the share statistics, one explanation is to look at how shorted the stock is. 25% of shares are shorted and 66% of the float is shorted. The large amount of short positions are partly responsible for dragging the share price down. This makes the stock one of the most shorted stocks on the market today. Insider confidence appears strong however, 33% of shares are held by insiders. Attempting to ascertain the reasons behind the massive short position on this stock is difficult. However, we can make some assumptions. + +Assumption 1: retail as a whole is being beaten down by the market. Likely due to continued increases in cost, as well as increased financing costs due to increasing interest rates. + +Assumption 2, there exist the possibility that the valuations performed by institutions are inadequate for Conn’s operations. Per the most recent 10-k, 51% of purchases were financed through Conn’s in-house credit program. As such, much of the cash in the business is used up to buy inventory which is then lent out. In this respect, Conn acts more like a bank than a regular retailer because all of their liquidity is being used up to provide financing for their customers. Hence their balance sheet looks more similar to a banks balance sheet than a specialty retailers balance sheet. This results in low cash on hand, particularly in relation to debt held by the business. + +Using the most recent balance sheet figures in a valuation. Calculating equity value using the conventional approach of adding cash and subtracting debt leads to an equity valuation below book value due to the businesses unique structure. Regardless of the Enterprise Value calculated by discounted cash flows, the equity value will be $514.4 million lower due to the respective cash and debt balances. + +If assumption 1 and 2 are true, this could create a negative feedback loop resulting in a lower EV/EBITDA ratio, which if used by a large number of marginal investors in the market, would lead to valuations being further off. The current EV/EBITDA multiple for Conn’s in 1.3x. If any large institution uses a pure exit multiple as a part of their valuation, they are likely to be significantly off in their valuation. + +**CONCLUSION:** + +Based on the earnings of $48-$61 million on average for the past 5 years and average cash flows of $142 million over the past five years or $71 million if we exclude 2021. The business should be selling at no lower than its book value. Based on the current number of shares outstanding the price per share should be no less than $25.85. +I'm looking into Embotelladora Andina, a Chilean company dedicated to the production and distribution of drinks (including Coca-Cola & Monster Beverages). + +It is operating in Chile, Brazil, Argentina & Paraguay and seems like an interesting company to have exposure to LATAM. + +However, I am trying to figure out what am I missing as it seems quite cheap. + +The revenues are up more than 100% over the last decade and were increasing in 7/10 years. + +The gross margin remains stable at around 40% while the operating margin slightly improved from 12 to 13%. + +Operating income for LTM - **$351m** + +Net debt remains fairly stable around **$900m** + +Market cap - **$1.64b** + +Hence -->EV is around **$2.5b** + +P/E is around **8** + +&#x200B; + +In the meantime, the share price has been quite volatile and now is at a very, very low point historically. I cannot tie the numbers to the share price movement as the fundamentals remain stable and strong throughout the entire decade. + +It could be that it is trading cheap only because it is in LATAM and there's always political as well as inflation risk. + +What are your thoughts? +Okay so I had this idea. It could be terrible which is why I'm here to get people's thoughts. + +To start I have a bunch of cash on hand to invest when i find a great opportunity. However with the increased inflation I began to worry that maybe the value of that cash would fade away. I decided to invest in inflation and recession resistant companies at very much mediocre prices. The reason behind this being if the FED doesn't act and increase interest rates then inflation will eat away at the cash while shares in inflation resistant companies would increase with inflation while giving me stable earnings. If the FED does act and increase interest rates then the market would crash but the inflation resistant ones would probably crash less than a great value play. I would then eat the loss and buy the value play at a great price. My logic could be flawed here so input is much appreciated. Thanks +Hey guys any thoughts about Alibaba (BABA)? The company has been a strong growth beast, consistently increasing revenues, profits and cash flows over the years. They are diversifying their business and have a strong growth in cloud computing now. The stock price has been beaten down because of the Chinese regulations slapped on big tech companies and the abrupt halting of the IPO of Ant group. I picked up some shares earlier this year and recently added some more after the stock dropped quite significantly from close to $320 to under $260. The P/E multiple is still kinda high for a value investing style proposition, but I guess the future growth of the company offsets that requirement in my opinion. Any thoughts? +Do any of you guys have holdings in KOF? It seems heavily undervalued and has a A+ Zack's ranking, a 2.0 buy rating from Yahoo Finance, and a 100% buy and hold by Morning Star. Seems even safer since it is foreign to Mexico. Figures that would also give some protection against U.S inflation headwinds. +Hey guys. I have been investing for about a year so I'm very fresh in the learning phase. One of the difficulties I have is actually curating books and making educated guesses on what makes the most sense to read next. I picked up Howard Mark's book: the Most Important Thing, and was surprised to see that Buffett endorses the book on the cover (saying "This is that rarity, a useful book."). I can screen for how good investing books ratings are on various rating on sites, but would it not be better to just buy books that Buffett (or another good investor) feels strongly about? Are there any other books that he has "endorsed." Yes, I have read the Intelligent Investor haha. +[Intro Picture](https://imgur.com/a/HZvHKv4) + +**Introduction:** + +Long time no see! This company was originally shown to me by u/captnamurica2 and u/DueDilligenceTraderI which led me to take a deeper look into this company. Ultimately, I ended up selling a put at $20 in this company, but I think that while it has some potential in the future there is obviously risk when investing. The leveraged balance sheet and acquisition model may work if management makes good investments, but we will see how this all plays out over the coming years. + +If you would like to watch my Youtube video explanation click [here](https://youtu.be/4gNVqOHlqAI). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/is-death-an-opportunity). + +*Disclaimer: I currently sold a put contract for CSV.* + +**CSV - Carriage Services, Inc:** + +“Carriage Services, Inc. is a leading provider of funeral and cemetery services and merchandise in the United States. Our operations are reported in two business segments: Funeral Home Operations, which currently account for approximately 70% of our revenue and Cemetery Operations, which currently account for approximately 30% of our revenue. At September 30, 2022, we operated 169 funeral homes in 26 states and 31 cemeteries in 11 states. + +Our funeral home operations are principally service businesses that generate revenue from sales of burial and cremation services and related merchandise, such as caskets and urns. Funeral services include consultation, the removal and preparation of remains, the use of funeral home facilities for visitation and memorial services and transportation services. We provide funeral services and products on both an “atneed” (time of death) and “preneed” (planned prior to death) basis. + +Our cemetery operations generate revenue primarily through sales of cemetery interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise). We provide cemetery services and products on both an atneed and preneed basis.” [Q3 10Q Filing Pg.8](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +Carriage Services Inc. is one of the largest companies within the funeral home space and they grow through acquisition of high quality, privately owned funeral homes. Currently they operate only in the United States as they look for new funeral homes to acquire. + +**Carriage Services Inc. breaks itself down into the following segments:** + +***Funeral Home Operations*** + +“Our funeral homes offer a complete range of high value personal services to meet a family’s funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and remembrance services and transportation services. Factors affecting our funeral operating results include, but are not limited to: demographic trends relating to population growth and average age, which impact death rates and number of deaths; establishing and maintaining leading market share positions supported by strong local heritage and relationships; effectively responding to increasing cremation trends by selling complementary services and merchandise; controlling salary and merchandise costs; and exercising pricing leverage to increase average revenue per contract.” - [10Q Q3 2022 Pg.42](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +***Cemetery Operations*** + +“Our cemeteries provide interment rights (grave sites and mausoleum spaces) and related merchandise, such as markers and outer burial containers both on an atneed and preneed basis. Factors affecting our cemetery operating results include, but are not limited to: the size and success of our sales organization; local perceptions and heritage of our cemeteries; our ability to adapt to changes in the economy and consumer confidence; and our response to fluctuations in capital markets and interest rates, which affect investment earnings on trust funds, finance charges on installment contracts and our securities portfolio within the trust funds.” - [10Q Q3 2022 Pg.42](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +From the Q3 10Q: + +[Funeral Home Segment](https://imgur.com/a/gMhrtfp) + +[Cemetery Segment](https://imgur.com/a/LoFIbnB) + +From 2021 10K: + +[Funeral Home Segment](https://imgur.com/a/d3zqNJL) + +[Cemetery Segment](https://imgur.com/a/UhuKGL1) + +**Financials:** + +* Total Revenue TTM as of Q3 2022: $372M - [Revenue TTM Screenshot](https://imgur.com/a/P5jmndE) +* Profit Margin has been floating between \~8% - 12% over the last few years - [Profit Margin Screenshot](https://imgur.com/a/lL51qJ0) +* Current P/E: \~8.8 - [PE Screenshot](https://imgur.com/a/cYmbS8j) +* EV/EBITDA: \~8.91 +* Current Cash as of Q3 2022: $821,000 +* Total Debt as of Q3 2022: $567M - [Total Debt Screenshot](https://imgur.com/a/IEYGicm) + +**Industry** + +* One of the largest demographic shifts is the baby boomer’s shift from working age to retirement age along with Gen X being part of that aging population. The CDC estimates that the average life expectancy within the United States is around 75 - 77 ([link](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm)). Along with one of the largest generations passing away, they are also the wealthiest which means they can afford the funerals and/or cemetery costs. This generational shift both age-wise and wealth-wise will mean a lot of changes will be coming in the future. [CSV Industry Screenshots](https://imgur.com/a/c1FXXeS) +* Covid-19 definitely accelerated the growth in deaths and the sales from the funeral industry overall. Maia Research expects gross profit to hit 18.512B in 2025 as seen in the chart below([link](https://news.wfuneralnet.com/en/funeral-market-forecast/)): [Death Forecast Chart](https://imgur.com/a/KSLfpSx) + +**Strengths:** + +Market Share and Moat + +* The funeral industry is very segmented which is why companies like CSV or Service Corporation International(SCI) are able to gain market share through acquisition. While SCI is the largest consolidated company within this market, CSV is one of the next biggest players in this space. CSV is focusing on acquiring high-quality, cash-flow generative businesses that have good management. This means that while CSV isn’t making as many acquisitions as it could, the acquisitions that they do make are of higher quality. This leads to long-term growth in sales and cash flow. [Market Share Screenshot](https://imgur.com/a/vfHSYmD) +* One point to add as well is that it is not easy to simply buy the land and set up newer funeral homes in key markets. This is why CSV is deciding to acquire and add on/renovate when needed rather than buying the land and beginning to build on it. This helps with ensuring that other funeral homes and cemeteries cannot just be built around it. + +Funeral Home Same Store Contracts by Quarter + +* When it comes to same-store performance, you can see in the chart below that 2020 and 2021 had the largest same-store sales. Unsurprisingly, the pandemic elevated the amount of the population that passed away than was typically seen within the previous quarters. In the chart below you can see that 2022 is currently trending lower than 2020 or 2021, but is remaining above the 2018 and 2019 quarters. This continued growth has been seen over the years especially as they continue to acquire new businesses. [Funeral Home Same Store Contracts by Quarter](https://imgur.com/a/yPg7AN7) + +Mel Payne’s Ownership + +* Most of the time I don’t mention the inside ownership in these write-ups because I don’t think they add too much from the business overview, but since Mel has been leading this company I figured it would be important to mention it. He currently owns roughly 8% - 9% of the company’s shares and he makes decisions from the perspective of someone who is not only leading this company but actually has a stake in the company’s financial well-being. This type of leadership has led to Mel viewing CSV as a mini Berkshire where he lets the individual managers make decisions on their locations. This works best because those managers will know what best fits their locations while being able to leverage the larger company’s knowledge and be able to create cross-collaboration of learning across the corporation. Also, he believes in buying back shares only when the company is seen as undervalued which is sadly abnormal in most companies today. However, he acknowledged that he should not have used debt to repurchase their own shares over the last 1 - 1.5 years. + +**Weaknesses:** + +Financial and Operating Leverage + +* One of the largest risks that I think is imperative to understand is the leverage of this company. As it stands the Total Debt to Consolidated EBITDA was 5.14x which is definitely elevated from past times. Part of this sudden increase in debt is due to some recent and ongoing acquisitions that are currently in the works. Another part of the debt increase was due to using that cash to repurchase stock at what Mel believed was undervalued. Recently, management has announced steps to reduce this leverage and ensure that they stay financially sound. Their goal is to reduce that leverage ratio to 4.0x - 4.3x by the end of 2024 ([link](https://investors.carriageservices.com/news-releases/news-release-details/carriage-services-announces-high-performance-and-credit-profile)). They have deleveraged quickly in past times so the proven track record is there, but it is still important to track this deleveraging as it happens. + +Cremation Rate + +* Another risk that I foresee is the use of a formal funeral versus cremation for people who pass away. As you can see in the screenshot below the average revenue per contract is less than the funeral contracts. While it is not surprising that people may move towards the cheaper option it is still a trend that may impact the business. The National Funeral Directors Association put out a report in 2021 that forecasted that the national cremation rate may reach 80% in 2035 ([link](https://www.us-funerals.com/2022-us-cremation-rate/)). [Funeral vs. Cremation Sales Screenshot](https://imgur.com/a/ejuCPfn) + +Bad Acquisitions + +* Since CSV’s operating model is currently to acquire good businesses that have good management it always runs the risk of making mistakes during these acquisitions. This may seem like an obvious risk, but it is important to read the press releases and management comments about each acquisition since the newer companies will likely be larger so they can move the needle. This important piece of these acquisitions is sustained growth rather than just a near-term increase in sales with a long-term drag on the financials. + +**Intrinsic Value:** + +Link to discounted cash flow [here](https://docs.google.com/spreadsheets/d/1mzcr8_l3JMxAeP428PUcKUNTMEz-Wa8hxUzUD_t-sE8/edit?usp=sharing). + +[DCF Screenshots](https://imgur.com/a/LOMOVK7) + +**Why I sold Puts:** + +I like the intrinsic value to be around $26 and with a 20% margin of safety, I get $22.40. I decided to go ahead and sell puts at $20 which expires on July 21st, 2023. This will allow me to lock in a buy price while receiving some premium for waiting. The downside is that if the fundamentals were to change or if the stock price were to fall significantly below I am locked in to be put the shares at $20. Now overall my total premium for both contracts is $184.32 with a potential $2,000 being built out if the stock price goes to or below $20. I really hope it goes slightly below so I can be put the shares, but I won’t bank on it happening. My plan is to get into this company with puts and hopefully get out of it years from now by selling calls. This will lower my overall cost basis and be useful to generate some cash while waiting for deals. Part of the risk with the selling puts is that the contracts tie up $2,000. This could mean some opportunity costs for another deal, but I will continue adding cash to hopefully avoid any opportunity cost issues. + +[Sold Put Screenshot ](https://imgur.com/a/4XvPV4i) + +**Conclusion** + +In conclusion, I like an opportunity to buy the shares at $20 and I am willing to wait a while if they ever get down to the strike price. As always, there is risk involved with selling a put contract rather than buying the shares outright. I am personally willing to fit that risk/reward into my portfolio and I like the future of this company. A big component of the company that I plan to keep an eye on is the debt to EBITDA to make sure that management is following its laid-out plans to lower the leverage. +I have been a regular reader of Wall Street Journal, as I see many great investors have read it. However, I don't see that I am getting much value out of it, and I am just wondering if I am putting my efforts in focusing on the right articles or not. Are you guys regular readers of WSJ? If yes, then where do you focus on reading? +Folks, anyone know current hedge funds who are value investors? The one I can think of right now is Towle & Co. I want to look at their quarterly filing for what have purchased/sold. +I am learning DCF valuation and want to improve my calculations better by understanding the industry/sector the company operates in. What is the best way to do it? +I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. + +As always below you can find the video to my analysis: + +[https://youtu.be/9dzLxxliVCE](https://youtu.be/9dzLxxliVCE) + +McDonald's makes money in two ways: + +1. Company-owned restaurants - The revenue has significantly decreased in the last decade. This part of the business is related to the restaurants that McDonald's operates and the revenue represents the sales of burgers, fries, beverages, and pretty much everything that is on the menu. It represents about 40% of all the revenue and the operating margin is very low (8%). +2. Franchised restaurants - This is the part that has been increasing over time, now represents the remaining part of the revenue, and has an operating margin of 73%. However, unlike the first business segment, in this one, they make 64% of the revenue from collecting rent and the remaining 36% from royalties. + +If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". + +From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. + +After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. + +So, I did value McDonald's based on the following assumptions: + +Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) + +Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) + +WACC - 5.91% + +Outcome: $150.90/share (Much lower than the current stock price) + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins: + +&#x200B; + +|Revenue / Op. margin|45%|50%|55%| +|:-|:-|:-|:-| +|48% ($34.5b)|**$150.9**|$173.9|$196.8| +|60% ($37.2b)|$161.5|$186.1|$210.7| +|80% ($41.8b)|$178.5|$205.8|$233.0| +|100% ($46.5b)|$165.3|$224.9|$254.8| + +&#x200B; + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. +None of the below is a financial advice. I'm new to such stock analysis so please bear with me. + +&#x200B; + +**Business** + +Franklin Wireless Corp is a micro cap company that produces "intelligent wireless solutions including mobile hotspots, routers, trackers, and other devices". + +The products are sold primarily directly to wireless operators, and the sales are almost entirely concentrated in North America. In essence, almost all of the company's sales come from selling 5G/4G hotspot routers to wireless providers. + +Franklin Wireless Corp has a majority ownership position in Franklin Technology Inc. ("FTI"), a research and development company located in Seoul, South Korea. FTI primarily provides design and development services to FKWL for wireless products. The production is carried out by third-party companies ‘in Asia’ (most likely China). + +**2021 and 2020** + +The company experienced tremendous tailwinds from the pandemic after long years of anemic earnings. They also had large orders from ‘a carrier’ in the US during 2020-2021. Below are important excerpts from the 10-K. + +For 2021: + +*Net sales in North America increased by $108,931,368, or 145.6%, to $183,771,146 for the year ended June 30, 2021, from $74,839,778 for the corresponding period of 2020.* ***The increase in net sales in North America resulted primarily from increased demand for wireless connectivity due to people working and attending school remotely. High volume sales to school districts rapidly rolling out remote learning programs was a significant driver for increased sales through our primary customers due to the Covid-19 pandemic. Net sales also increased due to the timing of orders placed by a carrier customer, from which a significant portion of our revenue was derived (approximately 63% of our consolidated net sales for this period)*** + +For 2020: + +*Net sales in the United States increased by $38,622,391, or 106.6%, to $74,839,778 for the year ended June 30, 2020, from $36,217,387 for the corresponding period of 2019.* ***The increase in net sales in the United States resulted primarily from increased demand for wireless connectivity due to people working and attending school remotely. High volume sales to school districts rapidly rolling out remote learning programs was a significant driver for increased sales through our primary customers during the Covid-19 Pandemic period. Net sales also increased due to a newly launched product and the timing of orders placed by a new carrier customer, from which a significant portion of our revenue was derived. (46% of our consolidated net sales for the year ended June 30, 2020).*** + +To top it off, here’s one more note: + +*For the year ended June 30, 2021, net sales to* ***our two largest customers represented 63% and 30% of our consolidated net sales, respectively*** + +**Verizon Jetpack Recall** + +In April Verizon issued a voluntary recall of 2.5 million hotspot devices. The devices were manufactured and sold by Franklin Wireless. Interestingly, FKWL **denies** any issues with their devices, and essentially blames Verizon for lack of cooperation. + +And Verizon is clearly one of the two large clients for Franklin Wireless. + +Some quotes from the 10-K: + +*As of the date of this report, we have been unable to recreate any device failures of the type identified by Verizon.* + +*...* + +*At the time of the recall announcement, only two of the devices involved in the 15 alleged incidents had been physically inspected by Verizon. We have not yet had the opportunity to inspect any of these devices, but we have retained an expert to assist in the process.* + +It’s been 8 months since the first reported issue. It’s safe to say that the two parties are not cooperating very well on the problem. What I would expect to see in a situation like this is acceptance of some responsibility by FKWL and a remediation plan. Whatever the cause, the company's inability to provide any explanation for what happened with their devices after over half a year (and pointing fingers at Verizon) is a major concern, and possibly the main reason for the recent stock collapse. + +It’s unclear what percentage of devices does the 2.5M constitute compared to the total number ordered/contracted by Verizon. There is no additional info in the press releases, and no earnings calls to ask questions from the executives. + +There is also a lawsuit filed against the company by shareholders, implying that the executives knew that the devices are flawed (which, again, the company still denies) and withheld this info from the public. + +**Valuation** + +Prior to the pandemic the company was essentially breaking even on earnings as well as the cash flows. + +In 2021 and 2020 Franklin Wireless has generated 22.8M and 7.1M in operating income respectively, and 12.1M and 22.0M in operating cash flow respectively. Diluted EPS was $1.53 and $0.52. + +There was also $45.8M in cash on the balance sheet as of June 30, and no long term debt whatsoever. + +Given the current market cap of $64M and the share price of $5.55, the numbers above look insanely good. + +Performing a DCF is virtually pointless because it’s impossible to predict sales even in the nearest year or two. However, given their cash position, if Franklin Wireless generates 5M in operating cash flow for the next 4-5 years and then just dissipates into thin air, even that would be sufficient to cover the current stock price ($5.63 as of October 7). + +This is assuming that losses from product recall and litigation will be immaterial, which I think is a reasonable assumption. IMO the main risk of the product recall is the loss of the large client, not the recall itself. + +**Summary** + +The company’s secrecy around who their biggest customers are, specific products and unit numbers sold, and the likely impact of the recent product recall undoubtedly cause a lot of anxiety. + +On the other hand, the execs have modest base compensation and are heavily invested in the stock themselves (directors and executives as a group own 28.8% of shares), meaning that their interests are very much aligned with the rest of shareholders. + +Immediate turmoil aside, if Franklin Wireless can maintain at least 20-25% of their current operating performance for several years, there is limited downside with the current prices, and a good amount of upside. While I wouldn’t expect the abnormally high revenues of the last two years to prevail, I don’t think that sales will fall all the way back to pre-pandemic levels. + +The company has also just announced a new 5G mobile hotspot that will be made available in the US: + +[https://finance.yahoo.com/news/franklin-debuts-5g-broadband-device-123000666.html](https://finance.yahoo.com/news/franklin-debuts-5g-broadband-device-123000666.html) + +I have taken a small position, and will add if the price becomes even more attractive with no additional news. +I have a rental property that I would like to move back into due to personal reasons. No extenuating circumstances - I can stay at home until the lease ends, but prefer not to. + +&#x200B; + +I was thinking of mentioning to my tenants that I am unable to renew the lease when it expires (July) and that they are free to break the lease before it ends if they find a new place. Is this considered rude? Are there other ways to approach the situation? + +&#x200B; + +Cheers! +We finally found an amazing apartment that we’d like to call home, however the agent has been very shady from the start. I told him I’d like to make an offer he said there are 5 others wanting to bid, so I put my offer in the middle of the range, I asked him to respond in writing instead he just called me later in the day saying that everyone else pulled out of offers and only one guy remaining who offered more than me but he doesn’t have finance approved (I do) + +I felt a bit suspicious because he never replied in writing it’s all over the phone, So the next day I put in a significantly higher offer and asked him to forward the offer to the landlord and confirm in writing. Again he didn’t respond and kept calling me 10 times instead and I ignored all his calls because I have no evidence he’s actually sending the offer to landlord, I feel like he’s playing me, I’m so fed up. + +At this stage Tbh I’m so sick of this that I really don’t care if I don’t get this house. It’s saddens me that a bad agent is looking after this house + +All my offers were legally binding on a contract and my conditions were very generous. + +Is what he is doing normal? Is it not a legal requirement to forward my signed contract offer ? +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. +I think GameStop and Loopring are together laying the foundation for a mass migration from the broken old traditional financial system to a new and sexy Decentralized Autonomous Exchange. + +GameStop will not only offer a crypto dividend. GameStop shares themselves will become NFTs and will be traded on Looprings layer2. Change my mind.. + +When you look over Loopring’s socials and white paper it’s easy to see that this technology is intended for mass adoption which also means migration. + +If that were the case then the old system will die and we will have a new system to catch our fall. + +We could have the ability to change the world in so many ways if this plays out right. + +I will take my tin foil hat off now and ask for any input from people who actually know shit and shit. + +Have a lovely day. +The p/e ratio of the s&p 500 is at a high since 2008. It peaked a few months ago, but I think it is still far to high. A P/E ratio is the ratio of market capitalization to profits. This indicates the average dollar in the stock market only turns a 3.3% profit on the books of companies. Obviously speculation is part of the stock market so one would expect a price to earnings ratio of greater than 12.5 or 8% yearly returns, however, there seems to be too much speculation. I don't think companies are going to become profitable enough to warrant such a high level of speculation. There is definitely a bubble in many tech stocks in my opinion Tesla being the most extreme example in my opinion has a p/e of 365 and a market cap of nearly 700 billion meaning that they are not only a massive company, but also most likely wildly over valued. The feds ability to do market intervention is declining by the day due to the use of qe and near 0 interest rates. I am concerned about this bubble popping causing a significant loss in confidence which the fed would have a limited ability to react against. Thoughts? +Everything takes a beating now. My gains start to become loses. But I don't want to sell because I believe in long term they will come back. I plan to buy more as it goes further down. Which stocks are on your radar now? +The email claims to be from google services and blockchain.info and has a link where you can "check" to see if your wallet has been compromised. + +picture of the email: http://i.imgur.com/Twn6LAT.png + +The link on the email sends you to a highly accurate recreation of blockchain.info thats beeing hosted on some google drive account. On the page it asks you to upload your wallet file and enter the password for it. + +pic of the website: http://i.imgur.com/Li3wpYR.png + +Hopefully I shouldn't have to say this, but you should never upload your wallet.dat file and password to any website that is asking for it. +If you only heard so far in crypto about the so called "memecoins" or shitcoins, you probably don't know what Zenon is but if you have had some real interest in BTC and its altcoins you might wonder 'what does this one brings to the table?!', right? Well, at first sight, ZNN seems to be a randomly created project since they don't quite ensure themselvs any actual advertising and it doesn't look that funny either. No. What it does is more like completing what bitcoin as we know it. This project most probably started as a challange to the developers to improve, by code and also by users feedback, any other cryptocoins that I know so far. A few steps in this direction count as, but is not limited by + + \- The Dual-Ledger (Meta-DAG + Block-Lattice) architecture, that actually speeds up the transaction time for not using the old fashioned single handedly blockchain + + \- Its 3 types of nodes (Pillars, Sentinels, Sentries) ensuring the safetiness of it and implementing a new type of echosystem that allways its users to vote + + \- PoW-Links with potential Bitcoin interoperability and so lowering the transaction fees but with a better transaction speed + + \- unikernels based zApps (minimal, standalone virtual machines) controlled by smart contracts + +Within the 3 years of its activity Zenon got in front of many comparable projects and is most likely to hit the tops this altseason. So far, they have developed a wallet that amazingly enable an APY > 55%, they launched the public testnet that constantly takes feedback from the users to improve and also one of the best communities there is with fun but full of info content. All in all, with the Alphanet that's yet to come, this is and invite and a threat to just learn more about it, DYOR, 'cuz info is money, and info is out there so go grab it! +I've been feeling kind of bearish about the altcoin market the past few days. Here's why, maybe you can change my mind. :) + +* I'm struggling to find a reason for **Litecoin**'s price to be so much higher than other altcoins. +* **Peercoin** has proof of stake and was doing very well after the rebranding and "volunpeer" campaign, but they lost their most effective community builder, John Manglaviti, to a startup. The next version of the wallet software is also months late and will be missing highly anticipated features (cold locking and checkpoint removal). +* **Worldcoin** is in a massive nosedive due to concerns that Sharmbeck may be a scam. +* **Quark** had a nice little bump due to buyers in China, but that has fizzled out now. +* **Namecoin** has had no development for months and its community has faded away to wisps of nothing. +* The **Megacoin** project changed domains from (megacoin.co.nz to megacoin.in) for reasons that aren't entirely clear. What is clear is that Kim Dotcom is in no way affiliated with the project (not there was ever much doubt). Price has been flat to lower for weeks. +* **Doge** is still going great but you start seeing some hints in redditmetrics and on /r/dogecoin that it may be approaching its peak. Disclosure: I have significant Dogecoin holdings and not for financial reasons. +* **NXT** with pure proof of stake and its other advanced features is very interesting from a technological standpoint, but as an investment I don't think it is headed anywhere -- large holders cashing out are going to keep downward pressure on price. +* **NEM** ("New Economy Movement") has somehow managed to raise 40 BTC (~$32,000) in their "IPO." They intend to launch a coin based on a fork of **NXT**'s source code. That was their original plan, anyways, the developers have stayed in the shadows while the money keeps flowing in what could be a major scam... For reference **NXT** raised at most $4,100 in that coin's IPO. +* **Vertcoin** is basically **Litecoin** but with a different proof of work and without Litecoin's community. Great for anyone with a GPU mining rig, but I don't see it going anywhere. There is also the significant risk that other altcoins will adopt its proof of work (Mooncoin plans to do this, apparently) if it proves effective, destroying much of the value. +* **Potcoin**, **Kaisercoin**, **Ultracoin**, **Reddcoin**, etc. ...meh. + +wow, re-reading this, it is so negative. I feel like I'm channeling Hazard or something :( +I am asking from purely technological side - is it costly and how many developers would one need to build a full-fledged cryptocurrency exchange like Binance or the likes? +Entrenched Interests, Lost Direction, and Stagnation in the Crypto-Currency Markets +papersheepdog + +When I step back and look at what we are doing as a whole, I think that we could hardly be more directionless. Every day new coins are coming out which offer nothing new. Technologies have advanced but they are not even implemented in this constant stream of supposed excitement. We have miners arguing with investors about the merits of a coin and they don't even realize that they have such different perspectives. Coins seemingly have no purpose or direction but to make a quick dollar on the initial pump and they are left to die. What is worse than all of these elements is the fact that it could largely be orchestrated in order to misdirect our communities' efforts to usher in a new economy. + +Let’s explore the psychology of the miner and the investor. The miner wants to create a new coin with high initial reward so they can reap it all and sell for a quick buck. The investor sees this activity as a ponzi type scheme where new capital must flow to match the mining dump just to prevent the unit price from collapsing. If a currency is just beginning, it's hardly worth putting any capital in at all. Doing the math and you will see that your investment is inflating away at an alarming rate while the miners dump for profit. Some people think that miners will hold on to valuable new coins but this is not true because mining implies a lower value of each new coin and the first miner to sell realizes the highest price. A miner who waits is hoping that boatloads of cash come sailing in from somewhere. Smart investors don't want to touch that unless it’s a truly revolutionary crypto-currency which would bring such a cash flow. + +In the frenzy of new altcoins barrelling out of the cookie cutter factory, I think we have all lost our purpose. Some new technologies are coming out here and there but for the most part all we are doing is diluting the value of the market and losing focus on the things that matter. Since we have so much competition, I would like to help us all understand that there are different roles which are being fought for. Market gateway, adopted currency, and store of wealth (I think there is room for something like distributed organization as well). One single currency cannot do more than one of these functions well. A market gateway is too volatile with so many transactions and sporadic market flows to provide stable prices as a currency or store of wealth. An adopted currency must be inflationary to accommodate growth of the economy and therefore would not be a good store of wealth while the volatility of a market gateway role would not allow for stable prices. A store of wealth must have the properties of money and a low rate of inflation and therefore would not expand well as an adopted currency and would experience too much volatility as a market gateway. + +In order to make our community stronger and to advance the cause of cryptographic currencies I propose that we as a community come together and reject wasteful new crypto-currencies. We need for new crypto-currencies to state in plain English what it is exactly that they are offering us which is valuable. We need to know which role they intend to fill and what market they are going after. [Beecoin](http://altcoinauthority.com/2014/02/be-sure-not-to-miss-beecoin/), for example, even admits it’s a straight rip off of [Doge](http://www.reddit.com/r/Dogecoin) with a faster reward halving to make it a more attractive pump. There must be a stop to the insanity that we are witnessing. I assert that any new crypto-currency announcement should have this market analysis as well as detailed inflationary expectations and an explanation of how this coin will succeed economically and how it’s not a straight ripoff of a coin deserving more capital. Surely it's not too much to ask if they already went through all of the trouble of program the thing. + +I am going to put this entire article into perspective and hopefully you will all begin to understand what kind of challenge we face. There is a great general force which causes the stagnation we see in crypto-markets today and it is people and organizations with time and money invested into their own currencies. This includes everyone from small time investor to enterprise grade coin mining datacenters to governments and banks. This includes unregulated digital currencies and includes government issued fiat currencies like the USD and the [deep state](http://charleshughsmith.blogspot.ca/2014/02/the-dollar-and-deep-state.html) that goes along with it. If citizens had the freedom to choose their own currency and it caused a flight out of government issued fiat to the new distributed economy, it would be a disaster to the status quo. With the [scandal](http://www.zerohedge.com/contributed/2014-02-25/reddit-censors-big-story-about-government-manipulation-and-disruption-interne) that [rocked Reddit](http://www.reddit.com/r/politics/comments/1yu8tt/how_covert_agents_infiltrate_the_internet_to/) on Tuesday we learned that the government employs agents to disrupt online communities and their ability to organize and effect change. The crypto-community is certainly on the radar because what we are doing represents a creative destruction of the old ways. + +I know that some of you may be in complete disbelief, but please try to be more aware of what is at stake. If you see something that you feel is not right, speak up, and support each other. + +With BTC around £2000, ETH around £150 and LTC £32, which would you pick to invest in if you where looking for long term (2-5 year) investments? I brought a small amount via the coinbase app, but after that I am confused! Can I move these to a USB wallet? Is there a better place to start investing in the currencies? Lots of questions sorry just after some good advice. + +Thanks in advance +Entrenched Interests, Lost Direction, and Stagnation in the Crypto-Currency Markets +papersheepdog + +When I step back and look at what we are doing as a whole, I think that we could hardly be more directionless. Every day new coins are coming out which offer nothing new. Technologies have advanced but they are not even implemented in this constant stream of supposed excitement. We have miners arguing with investors about the merits of a coin and they don't even realize that they have such different perspectives. Coins seemingly have no purpose or direction but to make a quick dollar on the initial pump and they are left to die. What is worse than all of these elements is the fact that it could largely be orchestrated in order to misdirect our communities' efforts to usher in a new economy. + +Let’s explore the psychology of the miner and the investor. The miner wants to create a new coin with high initial reward so they can reap it all and sell for a quick buck. The investor sees this activity as a ponzi type scheme where new capital must flow to match the mining dump just to prevent the unit price from collapsing. If a currency is just beginning, it's hardly worth putting any capital in at all. Doing the math and you will see that your investment is inflating away at an alarming rate while the miners dump for profit. Some people think that miners will hold on to valuable new coins but this is not true because mining implies a lower value of each new coin and the first miner to sell realizes the highest price. A miner who waits is hoping that boatloads of cash come sailing in from somewhere. Smart investors don't want to touch that unless it’s a truly revolutionary crypto-currency which would bring such a cash flow. + +In the frenzy of new altcoins barrelling out of the cookie cutter factory, I think we have all lost our purpose. Some new technologies are coming out here and there but for the most part all we are doing is diluting the value of the market and losing focus on the things that matter. Since we have so much competition, I would like to help us all understand that there are different roles which are being fought for. Market gateway, adopted currency, and store of wealth (I think there is room for something like distributed organization as well). One single currency cannot do more than one of these functions well. A market gateway is too volatile with so many transactions and sporadic market flows to provide stable prices as a currency or store of wealth. An adopted currency must be inflationary to accommodate growth of the economy and therefore would not be a good store of wealth while the volatility of a market gateway role would not allow for stable prices. A store of wealth must have the properties of money and a low rate of inflation and therefore would not expand well as an adopted currency and would experience too much volatility as a market gateway. + +In order to make our community stronger and to advance the cause of cryptographic currencies I propose that we as a community come together and reject wasteful new crypto-currencies. We need for new crypto-currencies to state in plain English what it is exactly that they are offering us which is valuable. We need to know which role they intend to fill and what market they are going after. [Beecoin](http://altcoinauthority.com/2014/02/be-sure-not-to-miss-beecoin/), for example, even admits it’s a straight rip off of [Doge](http://www.reddit.com/r/Dogecoin) with a faster reward halving to make it a more attractive pump. There must be a stop to the insanity that we are witnessing. I assert that any new crypto-currency announcement should have this market analysis as well as detailed inflationary expectations and an explanation of how this coin will succeed economically and how it’s not a straight ripoff of a coin deserving more capital. Surely it's not too much to ask if they already went through all of the trouble of program the thing. + +I am going to put this entire article into perspective and hopefully you will all begin to understand what kind of challenge we face. There is a great general force which causes the stagnation we see in crypto-markets today and it is people and organizations with time and money invested into their own currencies. This includes everyone from small time investor to enterprise grade coin mining datacenters to governments and banks. This includes unregulated digital currencies and includes government issued fiat currencies like the USD and the [deep state](http://charleshughsmith.blogspot.ca/2014/02/the-dollar-and-deep-state.html) that goes along with it. If citizens had the freedom to choose their own currency and it caused a flight out of government issued fiat to the new distributed economy, it would be a disaster to the status quo. With the [scandal](http://www.zerohedge.com/contributed/2014-02-25/reddit-censors-big-story-about-government-manipulation-and-disruption-interne) that [rocked Reddit](http://www.reddit.com/r/politics/comments/1yu8tt/how_covert_agents_infiltrate_the_internet_to/) on Tuesday we learned that the government employs agents to disrupt online communities and their ability to organize and effect change. The crypto-community is certainly on the radar because what we are doing represents a creative destruction of the old ways. + +I know that some of you may be in complete disbelief, but please try to be more aware of what is at stake. If you see something that you feel is not right, speak up, and support each other. + +I used to be 100 percent eth after buying a bunch earlier in the year, but decided to diversify. I haven't paid much attention to overall percentages TBH, but I am looking to kick back and HODL for a while, so I want to make sure it is ready for that. + +ETH 53% +NEO 13% +XMR 9% +IOT 8% +DNT 5% +OMG 3% +BTC 3% +VTC 3% +LTC 2% +LSK 1% +Here we are in 2018.. The year I personally feel will be known as 'the biggest year for cryptocurrency'. For an intelligent investor this is great news because gains are most likely inevitable.. However most investors still struggle with one thing... patience.. Even many of you reading this post right now can probably say "If I was patient I would've been better off." Yet despite these repeated warnings and facts, a lot of investors continue to struggling with patience.. Well the last thing we want is to be impatient in 2018, so let's get to the bottom of this... + +If I was to ask you what your long-term assets are, do you have any? I am not talking about holding for 1 month or 3 months... I'm talking about years.. Do you have an asset that you are extremely confident in, that you are holding for the long-term? If you don't know the answer to this question then that's the first problem.. Everything you invest in should ALWAYS be for the long-term, if you buy an asset at $1 you should not have the urge to sell at $2 a couple weeks later.. If you continue to sell short, you are going to end up like a lone wolf. + +A lone wolf in crypto i'd say is someone who has bought and sold short so many times, they have run out of investment options. At this point, the idea of buying assets higher than what they previously sold them for will prevent them from getting impressive returns. Psychologically they feel like they have nowhere to go and nowhere to invest. + + +**You Must Be Confident** + +You see most people who are impatient or do not hold assets for the long-term I feel lack confidence and knowledge. Someone who does not 'believe' an asset can be worth $20 will sell short at $3.. For example let's say you buy an asset for .50 cents with a $5m market cap, you must understand that if this company is truly a 'good company', it should easily exceed $20 per asset long-term. Easily.. Heck, if it was a good company it would exceed $50.. If you do not believe this, you will not be able to utilize this knowledge to your advantage. How do you know if these kinds of returns are even possible? You must know your numbers (see below). + + +**You Must Know Your Numbers** + +If you were to tell me "In a couple years Ripple will be the price of Bitcoin" then it would be clear to me you don't know your numbers. In fact, if you don't know your numbers, then everything your buying is a waste of time and any returns you've made were based on pure luck. Without knowing your numbers, you will have no idea on how to achieve goals, what goals are even possible, or what your potential losses could be. + + +I wrote a post 5 months ago called '[Making a Million Dollars](https://www.reddit.com/r/CryptoCurrency/comments/6nhl0q/making_a_million_dollars/)' and in this post I said... + +> *There are a lot of assets out there with great technology that I think are severely undervalued. I think if you find a solid promising asset, it should have no problem achieving a $2b+ market cap long-term. You have to also remember that as the overall total market cap increases, more and more assets will join the $1b club... and as time goes on $1b will seem all too common and you'll watch assets join the $5b market cap club, then $10b and so on..* +> *There are even assets under a $15m market cap that will likely reach a billion dollar market cap in the future. These kind of investments will yield massive returns for long-term investors.* + +Today there are now over 40 assets with over $1 billion market cap and 15 assets over $5 billion.. So if you did not believe me before, well maybe you will today. A solid long-term company should have no problem reaching over a $2 billion market cap.. In comparison to the stock market, it's peanuts. (Apple's market cap hit $900 Billion) + +So with that said, let's say you found an asset you really like.. You did your research, you love the team, the service, the vision and you are ready to invest. Everyone want's to make a ton of money, but let's be realistic.. You must know your numbers, without numbers you will be clueless and lost. How much you're willing to invest also dictates how much your potential returns can be. + +To get the concept started, let's say... 'At **minimum**, ALL long-term assets will reach at least $2+ Billion market cap'. Now that you have come to this realization, let's make an example. If the market cap of your coin is currently at $100 million, then you are looking at 20x profits by the time it hits $2 billion. But wait.. Just because an asset hits a billion dollars does not mean it's time to sell.. A reputable asset should have no problem exceeding multi-billions long-term. + +> *If you were holding 5,000 assets at $2.39 each ($189m market cap) and the market cap reached $5 Billion.. How much would your assets be worth?* (see end of article) + + +**You Must Think Long Term** + +If you want to make serious money you really need to be involved. Don't just glance at a website and say "It sounds good, I'm in!".. Actually research, learn the fundamentals of the project and imagine where it can be 10 years from today. If you can't imagine the asset surviving 10 years from now, then why are you holding it? Holding onto assets for the short-term is going to make you a lone-wolf in the long term. You don't want to be sitting on the sidelines watching well-established undervalued companies grow because you sold. + +The bottom line is you must know how much you can realistically make (at minimum) off your investments (ROI). By knowing the numbers, you can realistically set goals like "I want to make a million dollars." In order to achieve this goal, you must research and acquire enough assets while they are undervalued. Once you have acquired enough assets to 'realistically' hold a million dollar portfolio, all you need to do is be patient. + + +Regards, + +BTC2018 + +----- + +> *If you were holding 5,000 assets at $2.39 each ($189m market cap) and the market cap reached $5 Billion.. How much would your assets be worth?* + +> Answer: $316,137 @ $63.22 per asset. + +> Equation: Initial Investment of 5,000 assets @ $2.39 = $11,950 + +> 5 billion (goal) / 189 Million (current market cap) = 26.45 (ROI Goal) + +> 26.45 (ROI Goal) * $2.39 (Current Price) = $63.22 (Price per asset at $5b) + +> $63.22 * 5,000 (your holdings) = $316,137 + +----- + +Remember no matter what I post or what I say, you should always do your own research, come up with your own assessment and talk with your financial adviser before making any investment decisions. + +Hello everyone! This is my first time actually making a post and I had been struggling with a job search for a few months and has quite a few mental breakdowns because of my husband's recent hospital bills and being behind on bills because we were both out of a job for some time. I recently tried going through a temp agency for a manufacturing position and got the job! Now to work hard and try for a permanent position down the road! Like many of you its been a struggle recently and especially because of what my husband is going through! But we are also applying and trying to receive some help on that and things are really starting to look up! I just wanted to thank everyone for sharing their stories and understanding each other's frustration. I recommend definitely giving some temp agencies a chance if you're able to! +I bought my first house in 2018 and to offset some of the mortgage costs I have kept a renter in an extra bedroom. At first, I could afford it with a roommate. Then that roommate moved out and I had trouble finding one to fill the spot. I also had to make some repairs that cost a good bit of money, and I had to buy a new water heater and my only option was to put it on a credit card at the time. + +I've since been able to get a roommate here and there and it helps but it seems like I'm always treading water financially. I was facing foreclosure before the pandemic and then my mortgage went into forebearance. I used as much of the stimulus to catch up on my mortgage and to pay on the credit card debt, and the cost of my college classes (I am going part time and paying out of pocket to avoid loans) but I'm still not doing great. My a/c busted and leaked water everywhere and wrecked my floors, so I had to go through insurance for that bc I literally couldn't afford to replace them any other way - so now my insurance has gone up and increased the total mortgage cost. + +The pandemic has just made things even more stressful bc even if I could afford to pay a realtor, the market isn't great. I'm just so overwhelmed. I'm doing the best I can to pay for everything and I am starting to realize I can't do this. I'm drowning and there are things in the house that are broken that I can't even afford to fix bc all of my money pays for my mortgage and school. And I could get a loan for school, but that is just another bill to add once it is time to pay up if I do. I've tried asking for a raise from my job, but they won't give me one until I finish school and have my Master's Degree. + +I'm just feeling very overwhelmed and my forebearance is nearing it's end and I feel like I've got no options left and I am going to lose this house. + +As far as finding a place to live, I can't go back to my parents since we are estranged, but I've got friends who are aware of my situation who are helping me with emotional support and have offered to let me stay with them if needed - so I know I'm not going to be homeless. + +I'm just wondering if anyone else has been through this situation. I'm not sure what to realistically expect. I've tried hard to keep this house and I'm finally at the end of my rope. + +Edit: + +Wow thank you all SO MUCH for these responses! I was so afraid of going into foreclosure but I'm glad to see that there are a lot of options. I've spoken with an agent (and calling around a few others) and they also said it is a good time to sell right now especially with the type of home I've got. It's a small 3 bed house that's perfect for a married couple or small family or for an investor to buy and rent (according to the realtor). I do have some things I need to fix up and repair on it, but I'm feeling a bit more hopeful. +Following a recent response to another question someone had I wanted to share my summary of AVA . +Disclaimer I am a very active Travala.com community member and do hold AVA personally. + + +**Summary** + +* $AVA is the native Token Behind the Travala.com platform. +* Each and every booking made on the platform redardless of the payment method interacts with AVA. Example, book with credit-card and get AVA. +* Travala.com is a Travel booking site, currently featuring 500K+ properties in the Alpha stage. +* The end game of the platform is a one stop Travel shop for everything, hotels, cruises, flights, car rental etc.. +* Great token econmics that create real world demand for the AVA token +* LIVE working product getting real revenue right now! +* Tiny microcap coin, less than 6 million Dollar Marketcap right now +* Travel industry is one of the worlds largest with an economic contributuion in the trillions (https://www.statista.com/topics/962/global-tourism/) + + + + + +**Monthly Reports** + +* https://blog.travala.com/category/reports/ + +**Revenue** +Room nights, bookings, traffic and revenue is all trending very heavily. + +* https://imgur.com/8geI5SC +* https://datastudio.google.com/u/0/reporting/1E04ChP57nTv8PeiOQDkNNCAh3vhGiwNu + +Above you can see that over 1 million of the supply is already locked by users on the platform in the smart program for discounts and loyalty. + +**Token Economics** + + +The AVA token itself has some very nice token economics where you will effectively see more demand for AVA the more bookings. Note this is a utility token: + +* https://blog.travala.com/use-cases-for-the-ava-token/ + +* http://theavaholder.com << USE-Case and Demand Summary << + + +**Funding** + +The project is very well funded now after recently completing their Equity sale as well as getting direct funding from the NGD or Neo investment fund: + +* https://cryptobriefing.com/neo-ecofund-invests-travala/ + +In additional to this funding the platform is getting real world bookings and real world revenue. Something not many projects can say they have accomplished. + +**Partners** + +They are now the Official travel accommodation provider for BCH, Litcoin foundation and Dash core! + +* https://news.bitcoin.com/pr-bitcoin-com-partners-with-travala-com-to-boost-bitcoin-cash-adoption/ + +* https://www.ccn.com/litecoin-mainstrea-adoption-travala/ + +* https://dashnews.org/travala-now-official-travel-partner-of-dash-core-group-offer-5-dash-back/ + + +Along with this they are constantly securing and pushing for Conference partnerships, For example they are now the offical hotel partner for Coindesk consensus Asia. + +* https://www.coindesk.com/events/asia-2019/travel +* https://blog.travala.com/travala-com-partners-with-coindesk/ + +More: + +* https://blog.travala.com/category/partnerships/ + + +These continued partnerships are going to drive bookings and revenue. + +**RoadMap** + +Killer road map will see the platform expanding: + +* https://blog.travala.com/travala-com-roadmap-for-q3-and-q4-2019/ + + +**Team** + +The team are insane, they have the likes of Steve, Matt and Juan, each one them a powerhouse. + +Juan for example worked as a Senior Manager at Booking.com as well as being the founder and CEO of Restaurantes.com prior to it being bought out and branded into the now Michelin group. + +These guys are not playing around. Matt has a quote that "They are not just here to compete but to take over" and I personally back that. + +See the full team in the Business plan. + +**Whitepaper / Business plan**: + +* https://www.travala.com/business_plan.pdf + + + +**Markets** + +* https://coinmarketcap.com/currencies/travala/ +* Kucoin - ETH, NEO, BTC, USDT Pairs - https://www.kucoin.com/trade +* Switcheo - NEO Pairs - https://switcheo.exchange/markets/AVA_NEO +* CoinAll - USDT, BTC, ETH - https://www.coinall.com/market?product=ava_btc +Many of you may have heard that Sam Pepper, a social media influencer, was choosing a shitcoin to promote today and throughout the weekend. He ended up choosing $PUG which was a presale token that just recently launched on pancakeswap. The devs set the listing price to 4x the presale and as you can imagine there was a lot of dumping after launch, but that isn’t even the bad part. Sam failed to realize that the devs owned 90% of the supply which is a big red sign because the devs could essential rug pull and tank the price. Once this was pointed out, the devs negotiated to burn their wallets, but with a catch. After the devs burned tokens they still kept 50% of the circulating supply and Sam Pepper claims that it is now “unruggable” when this is NOT TRUE. Oh but bscscan doesn’t show 50% in the dev wallet? This is because the devs burned ~91% to mask the fact that they still own nearly half the supply. It looks like they only own 4.6% but if you account for the burn they own 4.6% out of 9% of the remaining supply which equates to roughly 50% (4.6/9) of the circulating supply owned by the dev wallet. Still don’t believe me? Check [here](https://bscscan.com/token/0xfb00f428e71a302f045ecc772b7c464e00d64ea4#balances) and you can divide the dev wallet (6.25 trillion) by the circulating supply (~12.5 trillion) and you will get 50% (6.25/12.5). Worst of all, THESE WALLETS ARE NOT LOCKED SO THEY CAN RUG ANY TIME. If you’re still not scared by devs and most likely Sam Pepper owning 50% of the supply, just look at the [poocoin](https://poocoin.app/tokens/0xfb00f428e71a302f045ecc772b7c464e00d64ea4) the price is slowly tanking so why would you invest in such a bearish coin? If you buy this coin YOU MAY GET RUG PULLED. Stay away and DO NOT trust it unless the devs lock their wallet and shame on Sam Pepper for STILL promoting this token when it shows signs of the most OBVIOUS RUG PULL, which he may very well be apart of. BE CAREFUL YOUR FUNDS AREN’T SAFU!!! + +Edit: Sam Pepper is still defending the devs and he said on Twitter that the 50% holder is a burn wallet when it’s clearly not. The wallet is the contract creators wallet aka the dev’s wallet. Do not be fooled by his deceptions!! +Jeffrey Gundlach, DoubleLine Capital CEO, sits down with CNBC's Scott Wapner at Doubleline Capital HQ in Los Angeles to discuss the 2020 presidential candidates and how he sees the 2020 election playing out. + +[https://www.youtube.com/watch?v=jXF5Ps1gxLI](https://www.youtube.com/watch?v=jXF5Ps1gxLI) +[Link to Amazon reviews](http://www.amazon.com/gp/product-reviews/B00NG7JVSQ/ref=s9_al_bw_rs1?ie=UTF8&showViewpoints=1&pf_rd_m=ATVPDKIKX0DER&pf_rd_s=merchandised-search-5&pf_rd_r=1M4BMWHVW8SHQ42KEAFH&pf_rd_t=101&pf_rd_p=2013754562&pf_rd_i=3003491) +https://nypost.com/2022/09/04/bed-bath-beyond-exec-gustavo-arnal-idd-as-nyc-jenga-building-jumper-source/ + +Yikes. + +edit: Update https://nypost.com/2022/09/04/bed-bath-beyond-execs-wife-was-in-nyc-apartment-when-he-jumped/ + +He jumped while his wife was in the apartment. Even more yikes. +**TL;DR:** What do you think the implications are of the U-shaped happiness curve and Financial Independence? + +Today I was reading about the [U-shaped happiness curve](https://www.bloomberg.com/news/articles/2020-01-13/middle-age-misery-peaks-at-age-of-47-2-economist-says) as we age in populations across the world and thought of FIRE. + +https://imgur.com/a/DZ2xq2E (Happiness - Source 1) +*edit: Potentially misleading graph. Do note though: +> In the seven data sets, they studied the size of the drop, in well-being to the low point in the late 40s is equivalent in magnitude to the influence of a major life event like unemployment or marital separation. + +https://imgur.com/a/hvamxFT (Despair - Source 2) + +[Is Happiness U-Shaped Everywhere? Age & Subjective Well Being in 132 countries](http://content.tcmediasaffaires.com/LAF/lacom2019/U-Shaped_Happiness.pdf) (*Source 1*) + + **Paper Conclusion** +>No ifs, no buts, well-being is U-shaped in age. In this paper I undertook what Deaton (2018) called a "daunting task" of drawing systematic comparisons across data files and countries of the relationship between well-being, variously defined, and age. + +>Averaging across the 257 individual country estimates from developing countries gives an age minimum of 48.2 for well-being and doing the same across the 187 country estimates for advanced countries gives a similar minimum of 47.2. The happiness curve is found in 132 countries. + +I started to wonder if there were any **implications of the happiness curve and Financial Independence**. + +Such as: + + +* Does declining happiness as we enter our careers prompt us to reflect on what changed and drive us to figure out a way to recover the halcyon days of our 20's? +* What is the cause of the U shape curve? Does pursuing FIRE blunt the effects? +* Is it our environment. People becoming unhappy from the mounting stress of growing responsibilities at work, home with children and aging parents? Being depended on in multiple areas of life. +* Is it biological? [They way she goes with aging](https://www.youtube.com/watch?v=cZYNADOHhVY)? Interestingly enough it seems this [U-curve is reproduced in other great apes.](https://www.researchgate.net/publication/233738596_Evidence_for_a_midlife_crisis_in_great_apes_consistent_with_the_U-shape_in_human_well-being) +* Would this data replicate in FIRE cohorts? Likely not if it results from the environment, very likely if the effect results from biological changes in my opinion. +* Should we consider this when taking in case studies of people who work hard in there 30's/40's to FIRE and report back much happier? What if their happiness would have increased whether or not they ever FIRE'd due to aging out of the bottom of the U-curve? + + + +Some highlights/low lights (source 2): + +Snippet: +>Krueger (2017) found evidence that prime-age men and women age 25-54 were significantly more tired, sad or stressed than was the case for younger or older groups. The differences were especially marked for those not in the labor force.Kruger argued that one factor that likely contributes to the low level of emotional well being of prime age, NLF men is the relatively high amount of time they spend alone. Prime age, NLF men, he found, **spent nearly 30 percent of their time alone, compared with 18 percent for prime age, employed men** and 17 percent for prime age, employed women. + +Snippet: +>The lack of social cohesion made it harder for the weak and the vulnerable including those going through what looks like a very natural midlife nadir of happiness. Social cohesion matters for health. Socially isolated people are more likely to smoke, drink, overeat, and engage in other health-damaging behaviors. As a rough rule of thumb, Putnam notes, if you belong to no groups but decide to join one, **you cut your risk of dying over the next year in half** (2000, 331). + +Snippet: +>We know from happiness research that relative things matter. People compare themselves to others. Luttmer (2005) explored whether individuals feel worse when others around them earn more (2005). That is, do they care about their relative position? The answer was in the affirmative; higher earnings of neighbors are associated with lower levels of self-reported happiness. An increase in neighbors’ earnings and a similarly sized decrease in own income, Luttmer found, have roughly the **same negative effect on well-being**. + +Snippet: +>The finding of a dip in well-being in midlife likely adds important support to the notion that being in one's forties and fifties exacerbates vulnerability to disadvantages and shocks. That is people with disabilities, less education, broken families, lost jobs and so on are likely also to get hit hardest by the effects of aging. Some might face downward spirals as age and life circumstances interact. Many will not be getting the social/emotional support they need, because midlife is the worst time to present vulnerability. They will be dealing with shame and isolation, in addition to the first order effects of whatever they are coping with in normal times at a midlife low is tough and made much harder when combined with a deep downturn and a slow and weak recovery. + +Snippet: +>People are struggling. Those in middle age in the years since 2008 were most vulnerable to a once in a generation financial shock especially if they were poor and with low levels of education. The crisis suddenly created frailty in downtrodden communities which simply exposed underlying problems with deep roots in the long decades before. It seems it is normal to have a midlife dip in well-being, but for many, especially those with the least skills, **with little social support and few if any savings, that was too much to bear when a giant downturn came along**. + +Snippet: +>Being middle-aged, especially with low levels of education, **is tough these days**. + + [Unhappiness and age](https://www.dartmouth.edu/~blnchflr/papers/unhappiness%20paper%20jan%203rd%202020.pdf) (*Source 2*) + +*I thought thinking of FIRE in this context was relevant and interesting, apologies if people believe this is not related enough to FI, I finally worked up the courage to make my first post to FIRE after being part of the community for 6 years* + +**Does the FIRE community think pursuing FI might prevent the U-Shaped Happiness curve in their lives?** + +**Edit: Forget to include the podcast link that led me to read the papers: [peak-misery-and-the-happiness-curve ~ 9 minutes](https://www.npr.org/2020/02/04/802781417/peak-misery-and-the-happiness-curve) (Produced by The Indicator from Planet Money - I'm a huge fan of Planet Money, years of content there if you like entertaining Economics podcasts) + +*shout out to user Bigfoot722 for pointing this out* +Amazing the influence they have. The market has shrugged off every piece of bad news so far, but as soon as GS open their mouths, stocks finally get slammed. +Interestingly, while everything tech has been getting pummeled in the past 2 days, GS share price has gone up both days in a row. +Hey all, not sure if this is where I should be posting this but I think I remember seeing people asking about potential scams here in the past. + +My husband and I were looking at apartment listings in Canada as we are trying to decrease our monthly bills. We found a 2br/ba furnished apartment for $1500 utilities included, which is almost unheard of in western Canada. Of course we jumped on it to see more. + +The owner lives overseas and had bought the apartment for their son while he was studying here but he no longer lives here. They decided to rent it out below market value because they just wanted someone to take good care of the place. With them living overseas, a transaction would take place through a real estate company called Savills. They asked that I send first month’s rent and the security deposit ($2250 total) to Savills after they send me a the conditions, then the owner would mail me the keys from overseas, then I would have 5 days to look at the apartment myself and decide if I want to rent or not. If so, I sign the official lease and keep the keys. If not, Savills refunds my money. The owner said he does not receive anything from Savills until a lease is signed. + +Does this sound fishy? Or am I just being skeptical? This rental would really help my family maintain our lifestyle but also be able to actually save some money here in western Canada so I want so badly for it to be true. But I’m not sure if my judgement is being clouded by how bad I want it. What do you all think? Scam or real deal? + +Thanks! + +EDIT: Thanks for your input everyone, I started googling more about rental scams in this area and I found one from two years ago whose email is literally word for word the first email I received. I guess if it sounds too good to be true, it’s too good to be true. ☹️ + +EDIT 2: I appreciate all the feedback! To those of you calling me dumb, I’ve never experienced renting through owners before, only buildings owned by companies, so I wouldn’t have known if that was regular practice or not. It smelled fishy, so I asked for a second opinion. Thank you to those backing me up. +Credit cards + +1-$4,000 maxed out Minimum payment-$100 + +2-$3900 maxed out Minimum payment-$98 + +3-$2,000 maxed out Minimum payment-$91 + +Personal loans + +1-$1,900 Minimum payment $152 + +2-$1,000 Minimum payment-$100 + +Auto +$210 + +Insurance +$85 + +Phone bill +$100 + +Storage unit +$119 + +Pay +$990 on the first and 15th. Currently I have no savings and and almost -$500 in my checking. Direct deposit so in a cycle where my paychecks seem less because of my own fault. + +I understand I have dug myself into a hole and to me it seems I have no way out. A combination of being young and stupid with the ability to attain credit cards and loans has put me in this predicament. I understand this is completely my fault just looking for guidance. +Yeah, it's cool to buy humblebundles with BTC but I want to buy all my steam games with BTC. I would definitely buy more games if they had this. + +Who else is with me? +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 +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 +Hello my dear Apes, HAPPY 300!!!! I come bulling gifts!! + +TLDR: In the event of MOASS disruption, go here for DD, it can't be taken down now. Not by me, not by shills, not by anyone. It's backed up to Git, IPFS, and Wayback! + +* [ipfs://Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx](https://dweb.link/ipfs/Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx) +* [https://github.com/rlamb2/SSDDScraper](https://github.com/rlamb2/SSDDScraper) + +Also, maybe we should use a decentralized chat app like [iris.to](https://iris.to) ([invite link](https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM_xoTmDC-6KHe_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT)) + +\--- TLDR done --- + +As we all saw this morning, one little snip here, or fat check there, and our entire network crumbles. This is not acceptable, and this WILL happen when the MOASS starts. So what is there to do?? + +I know I know, everyone is all "go gingham style!!" but when that goes down too, and we're scattered amongst twitter trying to share Dropbox links, people will get nervous. Did that DD ever actually exists?!?! HOW DO I KNOW FOR SURE?!?! IT"S BEEN 10 MINUTES!!! + +We need something safer, more robust, and more importantly, not owned by anyone who can go shill at the drop of a dime... especially me!! + +[So here's what I built](https://ipfs.io/ipfs/Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx). I'm not some fancy-smancy financial analyst, or a badass micro-expression expert, but I can scrub web content with cobbled together code snippets from StackOverflow! So I copy and pasted my way to a V1 one of a DWeb site that supports the following features: + +&#x200B; + +* [Hosted and pinned on IPFS](http://ipfs.io/), which means the content is spread across hundreds of nodes, you can even host your own in Brave Browser. I can delete it off my machine and it won't matter, someone else has already replicated the content and it [can't be modified!!](http://docs.ipfs.io.ipns.localhost:8080/concepts/immutability/) + +[So many peers!!](https://preview.redd.it/j7qmcs7jk2471.png?width=1193&format=png&auto=webp&s=07821be5134364fdb035fa55d9ee417bbe412b35) + +* All (or nearly all) evidence downloaded and stored on IPFS locally, so if someone deletes shit from imgur or reddit images, fuck 'em, we got our copy and that shits INLINE! (except for albums/gallery's, that shits complicated, but see last bullet for workaround) + +[notice the local reference?? It's stored here: ipfs:\/\/bafybeifoypyt7xdtvpi5nzrtiyjghsx276knrsa3bpqms2kqdddrdzlj2e\/img\/vrpqxaonn6u61.png](https://preview.redd.it/r1xlwf4wk2471.png?width=1481&format=png&auto=webp&s=d1ad6f7a511df8a8bfaf4344f2ffa2535085841f) + +* While copying the content I went ahead and re-published all DD to Wayback machine, and grabbed the links closest to original posting time! Seriously, this made the export soooooo much longer... worth it! + +[Wayback ranked by: Near OP Date \> Latest \> Day of Archive \(6\/8ish\)](https://preview.redd.it/529gk29el2471.png?width=1286&format=png&auto=webp&s=23f828bdffbb6fef7f112f6798d835dc6ce98ba0) + +* And since I was spamming wayback anyway, I did the same for [ALL embedded links](https://github.com/rlamb2/SSDDScraper/blob/master/archives.json), creating a new wayback archive (unless one near posting existed already)! However, I still need a solution for YouTube links, I backed up [all the youtube links](https://github.com/rlamb2/SSDDScraper/blob/master/youtube-list.txt) to a file so we can scrub those separately... maybe use a web-torrent video solution for these?? Suggestions welcome! + +https://preview.redd.it/hil2dxink2471.png?width=1295&format=png&auto=webp&s=39c2292b03d2fee44f4600a926da7e5037df3537 + +* Oh, and I injected the wayback links inline to the post as well, so if you're readding HOCII and the fuckers tried to edit Investing.com's definition of "fuk'd" you can see the original + +&#x200B; + +Couple things to note: + +* You can use the direct Qxx links, but one problem with the immutability concept, we can't add NEW DD to that Qxxx page, so I have to build a new one and republish with the updated list of DD, which means a new CID. Thus, if I update with new DD, I'll try to periodically update the an ens address/URL, though it costs like 5-10$ each time, so wont' be updating often. Not sure if we can use an OrbitDB node in browser to solve this or not?? +* Further more, I think there needs to be a more resilient communication system. Twitter is great, but I think iris.to might be better? Especially compared to discord that can be shut down with a few shill reports. I've not really used it much (none of my -3 friends want to test it with me :( ), and I'm not affiliated with it in anyway, but I created a room called Superstonk here, might be useful idk: + +[https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM\_xoTmDC-6KHe\_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD\_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT](https://iris.to/?channelId=fa88c760-c1d1-4cc6-ab97-fa125296168a&inviter=eVG59A0lM_xoTmDC-6KHe_knfuy8BAmVfIh9GPNJZf0.pDiCCkNp8GYw8fES089y4YOITmV03r8VpG9CPvYJdyg&s=fEUAO58l3zQv4SEuDvVrX5DgD_rCFZM5gieaW77Z1m0&k=X9kKDXMdYvVT) + +Mods, contact me via verifiable means and I'll make your iris account the owner of this group. I don't want this to be a shill vector by adding some rando to the mix (me). The whole point of this is that I can disappear and it doesn't matter!! + +hmmm lets see...what else. Oh, I published the whole thing (included DD text, but not images...sry I'm on a free account till MOASS) to [GitHub here](https://github.com/rlamb2/SSDDScraper). DONT LAUGH AT MY CODE, IT WORKS DAMNIT! + +Welp, that's it.. Be free my little data project... go off into the wild and grow big and strong like a single GME share!! + +Oh and if you don't mind, if anyone is hosting an ipfs node, please pin it: Qma6rwZ4nM79MS62ZQBsE8q26dr2CKeMFBbceoL14b3gLx + +Edit: some wurds +This is just getting started, but I hope it evolves into a good resource for people who don't have a lot going on to find ways to move up in the world! +Will try to keep it simple, here we go. +Debt 9 agreement. 28 years old, decent job ($78k + super). Brisbane, renting. Debt 9 is projected to be over in 2024. I pay $300 a week to it, $220 a week in rent. + +I have issues managing my money. I spend too much on my social life and I’ve budgeted before lots of times but things always “pop up” and find myself spinning my wheels. I’ve improved my spending habits dramatically since I’ve engaged in the debt 9 but i still struggle to get to the end of the fortnight. + +I don’t have a car, would love to try and just get a home one day. Married. My husband is just as bad as me, love each other but we are just awful with our money. At least we are honest to each other about it! + +So was anyone else like this once? What did you do? + +I think I just need to hear the obvious. +32M. Working in finance in NYC, hedge fund specifically. 500k NW, expected to make 1.5-2m pre tax this year. Spotted a flat for 1.2m and debating whether to buy or not. Will definitely live there for at least next 6-7 years + +Conventional wisdom would tell not to put such a high proportion of net worth in an illiquid asset and rather invest. But here’s my position: most of my future wealth will already driven by stock market performance one way or another given my comp is almost entirely driven by fund’s performance. Therefore, investing my net worth (almost 100%) in a house that I can enjoy does not sound like a terrible idea but I’m still not convinced. Please let me know your thoughts: +- would you buy it? +- if not where would you invest c. 1m+ of your net worth knowing that your next few (potentially big) years’ comp depend partially on stock market anyway and you need some diversification? +I realize this could be very broad as private shares come in all shapes and sizes. + +These shares don't have a reference transaction or a priced funding round for reference :( A liquid market price would have obviously been ideal for me. + +So a couple of numbers I've looked at from the 2019 financial statements they've sent out: + +* Equity per share = 13.94 (roughly flat) +* Revenue per share = 20.14 (a little up) +* Profit After Tax per share = 4.71 (roughly flat) +* Comprehensive Income per share = 2.16 (Significantly down, looks mostly due to "Fair value loss for investment in equity") +* Dividends per share = 0.30 (just looking at my account, the most recent dividend is much higher, at about 1.10) + +It's a pretty old fashion business, a decent amount of PPE that needs to be amortized, costs of goods was about 85% of revenue, no lean tech company here ><. + +Anyway, how would you account for your shares of such a company on your own books? Let's say for your own net worth calculations. + +How would a private bank value it if you were to pledge it to collateralize a loan? what would the minimum size of this specific stake need to be for it to be worth PB's time to underwrite the loan and at what loan-to-value? + +Bonus Info: I looked up public comparables and they seem to be trading at relatively consistent multiples. P/B of about 6.5x and P/E of about 13x. The shares are in a mature company decades old. The degree of comparability to what I looked up though might be questionable though given its operations are more diverse than the comparables. +I had dinner with my family last Saturday and people started to talk about retirement. They were all talking about how they can't wait to be 65 to retire. My aunt then looked at me and said "You only have 40 more years to go before your retirement." Then my mom added "More like 45 or 50. His generation will have to work for longer than ours." + + + + +I just nodded and kept eating, knowing that if I'm still working at 65, it's because I want to, not because I need to. + + + +Thanks /r/FI for helping me change my mindset and manage my money in a way that will help me live in a happier way. What could have been a depressing moment ended up being an amusing moment for me. :) +For me and my SO, it was his truck. We sold that, and only drive an SUV. Now we're a one vehicle family. We use Uber or a bike when one of us needs a 2nd mode of transport. + +My FIL cannot seem to understand why in the world we'd do this. He doesn't say too much, but his facial expression says it all. Even made a few comments about "well if you let him get a truck then you could (fill in the blank)". Oh, and asked my SO when they were alone if he and I were hurting for money. SO had to explain, "no we have more money because of this". + +He's not bad with money himself, just took the slow but steady route to retirement. + +(Edit) and we don't take vacations. We get asked about that one too. +After losing most of my money listening to you tubers and and other pumpers. I stopped putting my money into sh**coins. I was stupid, but I’m glad I broke out of that hopium cycle 3 months ago. Cause i realized I was getting too attached to these coins and they would eventually crash themselves to nothing leaving me with worthless coins. Now I am committed to the BTC. I DCA and accumulate once I get more funds available. And I don’t worry about the price. Just throw it into an interest account. This has been the best crypto decision I have made. + +Just hope other naive people step away from the sh**coins and focus on real projects. +My GF wants to officially move in with me asap so she can move doctors/dentists etc here. She is currently on ESA after having a brain injury last year (or at least in process of getting, think they removed it when she was in no fit state to contest it), though is trying to get back into work asap. I currently work full time, own my own house (mortgaged), and pay 25&#37; reduced single occupancy rate. + +I know I would no longer get the single occupancy rate, but would there be anything else we could get to help with the council tax? She currently doesn't contribute at all to any of my bills and is still registered living with her parents, which she doesn't get on with particularly well. I'm using my emergency fund currently to support us both (thanks UKPF for getting me to build it!) so any extra costs will hurt a lot. I'm hoping her ESA will come through soon, and someone will offer her a job soon after, but for now I'm slightly panicking. I'd appreciate any advice! Thanks +So I've spent a large portion of my childhood with my family in lots of debt, and im starting to recognise that explains my unhealthy relationship with money. + +I've got an above averagely paid grad job (civil engineer), but I find myself constantly researching other careers on glassdoor, and when I realise I can make more money in accounting/banking for example it literally makes me feel worthless inside. + +Its created the environment where at work I will resent myself and wish i was somewhere else, instead of trying to find fulfilment in my work. I am obsessed with researching other careers and I can't seem to stop. Has anyone any advice for me? +Trying to find some info for a friend in need. + +Spent Friday at Cheltenham races with a big group of my mates. One of my close friends admitted he was in a bad place with gambling and is bricking it that his mortgage will be revoked after his mortgage review in a couple months. + +It’s his first mortgage (joint with his partner). He’s only had around 8 repayments so far. + +He’s recently taken out a £4K bank loan to cover gambling debts. He’s also borrowed £3k from a mate. As far as I’m aware, he doesn’t owe anything else other than the mortgage itself. + +At his mortgage review (I didn’t know this was a thing?) The lender will obviously see massive spending on gambling. + +My question is: As long as he keep up with his payments, is there any chance they could revoke his mortgage? + +Cheers All. +Why is personal finance so different when you are in poverty? A good example is going to the dentist. You probably can’t afford to go to the dentist for regular cleanings. It is expensive, maybe you don’t have insurance or transportation, or it is too costly to miss work. So, the only time you visit is when its an emergency. Maybe you have a terrible tooth ache and then wait until starts to affect your job and sleep, and finally go in for an emergency visit and have to pay thousands of dollars for a root canal. Sound familiar? + +You may think the problem is obvious, you simply don’t have enough money, and if you did then you wouldn’t have these kinds of problems. However, this is not true. To explain why, I will borrow a concept from Stephen Covey’s book 7 Habits of Highly Effective People, called the [Urgency Importance Matrix](https://i.imgur.com/1yYp9Eh.jpg). Covey uses it to analyze how people spend time, but I will use it to analyze how we spend money. + +## Urgency and Importance + +See the link above for the diagram. Quadrant 1 are purchases that are urgent and important, for example purchasing gas for your car. Quadrant 2 purchases are not urgent, but still very important. Quadrant 3 purchases are urgent but not important, such as an expensive gift for your friend’s birthday. Quadrant 4 represents purchases which are neither important or urgent, such as Starbucks. + +Most people on /r/personalfinance have decent income but spend too much in Quadrant 4; things like TVs, sushi, Starbucks, vacations, etc. All they need to do is cut back these wasteful luxuries and they are on their way to wealth. This is of course the highest priority for everyone to get under control, but usually less of an issue when you are in poverty,. + +On /r/povertyfinance our problem is Quadrant 1. You only buy what you absolutely must, and those purchases usually involve a lot of stress and urgency, like the dentist example. + +It’s important to realize that in quadrant 1, you don't actually make many financial decisions. Your circumstances make them for you. Your life is run by a script that pays the minimal amount on whatever bill needs to be paid next. Today it’s the dentist, next week its the car, and then the rent. This keeps you thinking in the short term. + +The real, underlying, issue is that quadrant 1 issues grab your entire attention. They are right in your face, with stressful deadlines and harsh penalties, while the equally important quadrant 2 purchases slip under the radar. Because they are less prominent, they APPEAR less urgent, even when they are essential. It would be cheaper year to year to go the dentist regularly, even without insurance. But, because its not banging on your door, like every other emergency, it appears less important. + +Getting out of Quadrant 1 + +As a member of /r/povertyfinance, your financial goal is to get out of Quadrant 1 and start spending your money in Quadrant 2. The reason why is it will reduce your OVERALL costs. Quadrant 1 is an expensive place to be. In Quadrant 2, you pay for the "checkups" instead of the "root canals". Instead of the cheap temporary patch, you can fix the entire problem. Here are some additional examples: +- quality clothes that last longer +- foods you eat a lot of in bulk +- car maintenance instead of repairs +- ingredients for food instead of eating out. +- quality appliances instead of throwaways. + +This doesn't mean you can ignore quadrant 1, but you shift a few purchases at a time from the short term patch, to the long term investment. As you invest in quadrant 2, quadrant 1 will start to shrink. + +## The Emergency Fund + +Right now it may not seem feasible to start adding extra expenses. If you could afford the nicer stuff you would! But, this is because most of your money is being spent on the latest crisis. Once you get the crisis under control then you have room to invest. + +That is why the best way to start moving into quadrant 2 is to build up an emergency fund. A minimal emergency fund should be about $1000-$3000. Its purpose is to cover unexpected bumps so you can direct your regular income on quadrant 2 purchases. Save as much money from your regular income as possible to build an emergency fund. + +When you do use some of it, replenish it back with the same urgency. If you haven’t had any money saved before it will be hard to resist the temptation to spend it on fun things. This is quadrant 3 & 4 thinking which is trading temporary fun for the persistent stress. + +If you don’t have any extra income to spare, an emergency fund is so important that it is worth getting a second job or side gig to build up. Working extra hours is usually unsustainable and you are probably sick of hearing "just work more.” However, it can be very fulfilling and productive to make such a sprint when it has: + +1. A clear objective. +2. A well-defined stopping point. + +So set a specific a goal for the size if your emergency fund. When you have met it, quit your extra work and return to your normal schedule. Remember: the goal is to have enough money to “smooth the bumps” so you can stop the week to week treadmill. Over time that will lead to lower expenses. + +## Smart Debt + +Debt can also be a useful tool for getting out quadrant 1. You can use debt to spread out an expensive purchase over time, or as a "cushion" for emergencies. You may not be able to find $2000 to replace a badly needed car, but you can budget for $2000 over a few months. + +Debt is often misused and can be more risky if you lose your stable income. The ideal user of debt is someone who has a lot of self control, and understands interest, they just happens to have a low income. If this does not describe you, stay away. Statistically speaking, people in poverty are usually bad with money. Dave Ramsey preaches no debt because it works for EVERYONE while debt is only helpful to SOME PEOPLE. + + Follow these guidelines (dangerous things comes with a lot of warnings): + +1. Don't use debt to buy what you can't afford. The amount should fit in your yearly budget, even if they don’t fit this month. If you wouldn't pay your last bit of savings for it, don't buy it. +2. Use only low interest debt from sources like credit unions, low rate credit cards, HLOCs, student loans, etc. Know your interest rate and what it means. Don't go near payday lenders or title loans. +3. Understand that Debt always costs more than paying cashing. You are paying for stability, which can be useful, but it is always expensive. +4. Debt can have the opposite effect of quadrant 2. Instead of decreasing your costs over time with an investement, debt effectively cuts your useable income over a long period. +5. Remember the debt is for “smoothing the bumps”. Ideally your level of debt should follow a pattern of sudden spike sand then steady, significant decreases. +6. Set a threshold of debt at similar level to an emergency fund (a few thousand dollars). If it ever grows beyond that, stop immediately because your debt is growing and will continue to grow. (If it grows too much the interest will ruin you.) + +I've been waiting to watch this movie for awhile because I wanted to wait for some dominoes to fall first in our GME saga. I wanted to see if there was any correlation between then and now. + +Honestly, I was looking forward to watching The Big Short just for my own peace of mind in waiting for the squeeze to happen. The first hour in, I was having fun and getting excited for the squeeze, but then when the movie was over, I was sick with tears. + +EVERYTHING IS CONNECTED! No one suffered the consequences other than every day human beings. They just kept going. I hate thinking that this is happening all over again. People are going to suffer from this. When will these people be held responsible? + +Fuck jail, these assholes belong under a bridge. They need a taste of their...no fuck that! They need a five course meal of their own medicine. These fuckers need to feel what it's like to be homeless, struggle for meals, try to sleep in a dangerous place, etc. + +I honestly thought my floor was going to be 50K. Now, I don't care about the money. I just want it out of the hands of these thieves. This world needs a new group of leaders, philanthropists, and advocates. And we are going to be that future. + +I have never been so certain in my life that a squeeze will happen. It might be tomorrow, next week, next month, or shit this could last years. We just don't know, but it will happen. All I know is this, WE AIN'T SHOOK. + +We hold the cards. We are pit. We are the house. We hold until they are homeless. + +Not financial advice, but BUY, HODL, REPEAT. + +Let's make this world a better place Apes. Love you all. Thank you for this community no matter where you are. + +TL;DR: DIAMOND PLATINUM HANDS! +The offer came from a posting on online job board. The job is basically a low-tier chauffeur. They are providing the vehicle. They are booking the client's hotel near my residence vicinity. The client will be around for about half a year, at which, a new client will be assigned to me. As stated above, the salary is $800 weekly. Work schedule would be one day during the week and then the weekend, all during the evening hours. Sounds pretty sweet, right? + +&#x200B; + +Here's where things get suspicious. First, the schedule was negotiable. The e-mail stated they could work out a suitable schedule to match my availability. Second, the pay is way too much for such a simple job (quick maths came to $88.88/hr) . Although, I suppose that's the obvious part. Lastly, and the real kicker, is the upfront pay. They will be mailing me a check, of which, will contain my first week's salary, an extra couple hundred dollars for gas and a car wash, with the remainder to be remitted to the client's moving agent. The remainder being more than what I would keep. More than double. + +&#x200B; + +I'm no fool when it comes to check scams thanks to this subreddit. Thank you. If anybody wants to have a look at the website for themselves, it's [https://www.sourcetransports.com/](https://www.sourcetransports.com/). Looked pretty convincing at first, but after a few reverse image searches, you'll realize it's just one of many carbon copies. The sad part is, I'm kind of struggling to find work at the moment. I can't be the only one. Be wary of scams like this one. They prey on your desperation. In my initial enthusiasm, I may have sent more sensitive information than I needed to. Not sure how it's going to impact me. Gotta be honest, I don't have much to steal and my credit is already bad, but I've had the floor fall out from under me before. We'll see what happens. + +&#x200B; + +Have a good holiday, r/personalfinance. +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 still remember when I invested only 2000 usd to launch my startup...I was young, naive and full of fear and uncertainty. Fast forward to today, even though I’m not fatfire (no liquid cash), but on paper, I founded a rapidly growing ecom startup currently valued at 50 million. It wasn’t so long ago when I use to look at 30k, it was a lot of money. But now when I look at 1 million dollars, it doesn’t seem to carry a hefty weight as it use to. I’m not saying this to flex but I just feel like money just becomes a number eventually. It’s kind of like most people won’t even blink if they lost a penny. + +For me, I will be honest, money was a part of my motivation of why I wanted to start a business. But i never aimed to be a multi millionaire, I simply wanted happiness in life that my previous job didn’t provide. As my company grew, my wealth grew with it. What I use to think it was impossible is now possible if front of me. Becoming a “millionaire” no longer lights a 🔥 in me. I just feel different, not sure how to explain it. It’s almost like, you finally reach the other side and realize, shit, having more money doesn’t make you more fulfilled in life - nor more happy. + +My true motivation now is to leave a legacy behind. Our products have already reached more than 1 million people around the world and I see growing this number by 10x as the only fire that keeps me awake late at night. The thought that I can make a positive impact on others lives is more exciting than how many more millions I will be worth next year. In fact, I talked to my wife about eventually setting up a foundation to give back. Maybe build a school in a 3rd world country. Who knows, but I really like to make positive changes in this world when I liquidate parts/all my equity (not a true millionaire until payday 😇). +Originally posted on another sub with incorrect/misleading title. + +[Original Tweet](https://twitter.com/susannetrimbath/status/1506808703692926980?s=21) + +u/Pogginator explained what this actually means in top comment: + +“A lot of people seem to be misunderstanding what this means. This would reverse trades sold short that fail to deliver. So shorts wouldn't be able to continue selling shares they never intend to deliver. + +Shares you already have are settled. So this particular thing would have no affect in regards to selling what you have currently. Shares you have in Computershare are already taken from the DTCC and registered in your name. Selling those would settle properly because you aren't selling a share and delivering nothing. + +This isn't a bad thing, if executed it means shorts would no longer be able to sell shares they don't actually have. If they do, those trades would get reversed when they FTD. This should dry up volume even more and theoretically drive the price up because only tangible shares can be bought and sold.” +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/) +Hello UKpersonalfinance, my family is going through a tough time and whilst my family naively consider me the 'financially savvy' of everyone - a lot of what I learned has been from this sub, so I'm hoping I can get your advice/ideas because I haven't thought clearly in about 2 weeks and I'm out of my depth. + +My mum (54) found out about 11 days ago that she has stage 4 stomach cancer, it's inoperable and whilst she can have chemotherapy to prolong her life, there won't be a cure. We currently don't know how long she has left, because she wasn't ready to hear it at the last appointment with the oncologist. She's been signed off work since mid-July as she's been in/out of hospital whilst they investigated the stomach issues, which turned out to be the advanced cancer. + +My Dad used to work part-time doing house clearances, but work has slowed to a crawl, he's 58 and becoming increasingly physically unable to manage, he's a type 1 diabetic, has sciatica, been a laborer near all his life, poor writing/reading/maths skills and is a carer to my younger (24) mentally disabled brother. He mainly sells bits of junk he's had in his garage for years at boot sales/gumtree - it's a pittance. He receives carer's allowance and we've just started the process of moving my brother from Disability Living Allowance to PIP. He's also a T1 diabetic, severely autistic and can't (won't) self-medicate. + +I (26) still live at home, earn £26.7k a year working in Z1 London, my parents allowed me to not pay rent to aggressively save to move out. Mum earns 30k a year, her HR manager is coming over to get mum to sign a death-in-service form that apparently will pay out 1.5x her salary on her passing. They've compassionately extended her sick pay from 8 weeks full + 8 weeks half to 12 weeks full and 12 weeks half. Her September pay next week will be week 8, and 2nd payment of the 3-month full pay. + +The house was fully paid off March 2018 so no mortgage (worth 450k+ we reckon, Z6 London, 4 bed semi-detached with 3 garages), but my parents aren't married, jointly owned but my mum mentioned the other day she's considering passing her half to her 4 kids (older two half-siblings who aren't my Dads). Will my Dad pay tax if they're not married? Could my siblings force him to sell if they want their money from their house share? + +&#x200B; + +All house bills are in my mum's name, they added my Dad to mum's current account yesterday and they already have joint savings of around £24k. Mum has a life insurance policy that will pay out £24k as well (I assume to my Dad). Will my Dad automatically keep access to this money when she passes? Idk what my Dad's pension is, he cashed in a private pension to pay off the house. + +My brother's DLS and Dad's carer's allowance is paid into my mum's current account (My Dad didn't have a current account until yesterday, only ever a credit card paid in full each month from Mum's money/savings account) - My mum has carried every financial action and basically withdrew cash for my Dad to use. + +&#x200B; + +We need to fully sit down look at bills but off top of my head: + +Council tax (Band D) £1,200+? + +Gas/electric: £200 per month (4-bed house) + +Virgin Media: £100 per month + +TV license + +Water rates £400 per year + +There's house/contents insurance but can't remember the amount. There's a few others, car + van insurance, Mum's life insurance payment. + +A lot of the Macmillian financial advice doesn't really apply as my parents have too much in savings to qualify/aren't married so the benefits my Dad would seem to receive I assume he can't get. We also need to move my brother's savings (£4K) out of an 0.06% interest trustee account that's been going since 1996 - my parents are clueless for new accounts and he can't sign anything, so it's likely this will move into my Dad's/my name to hold for him. + +There's a lot of information above, I don't know where to start with sorting my mum's affairs/how my Dad will support himself and my brother after mum is gone. I was intending to move out in a few years, I have around 40k saved for a deposit but won't go far in London - but I already feel like it's going to fall to my shoulders to support my immediate family which my older half-sister mentioned and my mum admitted worries her. + +My outgoings are fairly low, take home £1,600 + +The commute is £200 per month + +£10 phone + +£20 Weight Watchers (7st 7lbs down) - this tackles a food addiction + +£5 Spotify + +£17 Odeon Card + +£8 Netflix + +£200 to H2B ISA + +£800-1000 to savings, left over pays for socializing/treats +I’ve always wondered this since I don’t understand it much nor have I been in the position lol + +Say someone makes $500,000 off a token, decides to cash out, sends it to coinbase or etc wherever, then sells it on there, do you just then deposit it from there into your bank? + +I mean I would assume the bank would be questioning where this came from or if it’s legal etc if you’re someone who just typically makes like 60k a year lol. + +How does that work or what does one do? + +Especially cause sometimes coins just skyrocket and people wanna take their profits fast +If anyone has any understanding of macro, what exactly would happen if the fed just said fuck it all and just hiked by 5% in one go? + +like, someone please explain every financial instrument and how it would be affected. + +&#x200B; + +All I can guess is that we see a march 2020-like crash, and then immediately everyone would stampede into extreme BTFD mode. +About 6 years ago I bought a home for 240k. It’s worth about 380k now( I am living in it) + +My mortgage is $968 a month but with taxes insurance and HOA I’m probably a bit shy of $1,600. + +Zillow estimates I can rent my house for $2k/mo. + +I am looking to buy another house with my sibling that we would own 50/50. + +Should I rent out the house I had bought? The area has been having a lot of development over the last few years. + +Or should I sell and pocket the gain tax free and recoup the 20% I had put down. + +What are everyone’s thoughts? +Like I have a few contractor friends but some of the prices they throw out for Turn key ready remodeling etc are just insane. 30-50k rehabs etc. Any tips etc or are you guys just able to pay full retail on remodeling? +The global financial crisis of 2008 led to a prolonged period of low interest rates, which has particularly benefited the real estate market through the availability of leverage through mortgages. However, investor Howard Marks recently warned of a potential shift in the investment environment, with higher interest rates potentially here to stay for the foreseeable future, in his memo "Sea Change". While real estate seems to be characterized by remarkable gains, a fundamental change may be upon us. In late 2021, many stock investors ignored the possibility of a market pullback, even when the Fed signaled that interest rate hikes were likely to start near year's end / early 2022. + +I wonder if real estate investors too will be late to realize the full consequence of the headwinds we're facing. For now, it seems a lot of investors are simply waiting for some price dip to enter the market, but how would they feel if they knew a future of unremarkable capital gains lay ahead? + +I note on this subreddit, some investors are preparing to refinance in the future to rationalize a marginally attractive investment in the current conditions. However, it might be unrealistic to expect rates to reflect what we've seen in the last 10 years if we look at what rates looked like the past decades. + +I think the general real estate investor mentality reflects a lot of recency bias. + +Real estate may be the last domino to fall in my opinion. A lot of renters are still eating through savings accumulated through the pandemic, and credit utilization is hitting all time highs. If unemployment finally increases to uncomfortable levels and places pressure on rents (and that's a big if), I wonder if that might start to push real estate into being much less attractive an investment. +Hey Guys, + +Trying to do this deal in the most efficient way. + +Here's the pertinent detail. + +Under Contract at 500K. + +Current Appraised Value is 640K. + +I can buy with hard money and refi in 3 - 6 months, but I'm wondering if there's a way I can skip that part and automatically get a 75% - 80% LTV loan on the 640K. + +Looking to get into this deal with as little money out of pocket as possible. + +Another idea I had that may or may not work is asking the seller to finance me for 6 months and then do a refi... + +Are there any loan programs that will lend based on Appraised Value even if it's damn near 100% of purchase price? +Just a thought as I'm staying in a rental in Ocean City, MD at the moment. The condos for sale seem to be almost the same price they were 15 years ago. So they don't seem to appreciate (even though there is no more oceanfront property to build on, so you would expect it to). The rents are high - but you assume only rented 12 weeks a year. Property management for vacation rentals is typically around 20%, and you'd expect the wear to be worse due to parties, sand etc... + +So assume $3500 week (high) for 12 weeks at 20% you get around $2300 a month net (avged over whole year). They seem to sell for around $300k so assume a $1500 mortgage. Plus wear and tear, condo HOAs - doesn't seem like you do better than break even. So little cash flow... + +So are these just terrible investments or am I missing something? In theory the above would pay for you to live there free in the winter but no one does that... +I often see advertisements for property auctions including foreclosures. Are they worth the hassle? How much of a bargain can I get? 10% below market? 20%? + +Also do these sort of auctions generally require cash or it is possible to still use a mortgage? + +I once bought a foreclosed property but it was a regular listing not an auction. I have never bothered with going to a property auction and wonder if I am missing out. +I posted this in r/travel and I hope you guys can help too. + +So me and my girlfriend traveled home to visit family. And the flight went smooth checked in fine, boarded fine and tickets scanned. But as I was checking in for our return flight it only had my ticket. So I ended up calling the airliner and the agent kept reiterating that she wasn't on the flight so the return ticket was cancelled. I argued she was on the plane and this is completely their fault but she was no help and she couldn't doing anything because it's not on their manifold she flew. I didn't take that for an answer so I wouldn't let it go until I talked to a manager. + +Well I speak with the manager and she tells me that it would be against federal law to put her back on the flight. And the only way we can make things right is to go to the airport and file a federal complaint against them and then and only then will the ticket be reissued. +I guess they have a different log than this airliner has and can confirm she's on the flight? + +How accurate is this information. Was she just trying to get me off the line? And do I have any other way of handling this other than chancing? +Hi all, + +I've done this a few times before but life has been a bit hectic since the start of the year and I have let things slide a bit of late. Today I found the time to get stuck in and review and change my bills around. I switched Home and Contents insurers, switched the insurance on one of my cars, changed my mobile plan and switched electricity providers. Last but not least I am waiting on "Head Office to approve" a reduction in my mortgage rate as well but if that falls through I will switch banks to the one I am currently using as "leverage" lol. Oh and I changed to a family plan on my music streaming service of choice but that only saved me $4 a month haha. + +All told I've knocked close to $175 a month off all my bills. Doesn't sound like much but when accounted for with all my other monthly expenses it is significant to my wife and I. I'm not saying do it all in one hit like I did but just keep an eye out for deals or even if something doesn't seem that great just use it as a reminder to check what you currently pay. + +Happy hunting :) +I can't believe no one has posted this here yet, the full interview from Bill Ackman: [https://www.cnbc.com/2020/03/18/watch-the-full-interview-with-bill-ackman-on-the-coranvirus-threat-to-economy-shut-it-down-now.html](https://www.cnbc.com/2020/03/18/watch-the-full-interview-with-bill-ackman-on-the-coranvirus-threat-to-economy-shut-it-down-now.html) + +This is, in my opinion, the greatest market related rant since Cramer's 2007 Fed rant. In fact, I thought I was listening to Cramer. + +Highlights: + +\-He calls for a 30-day shut down of the country to "kill" the virus. + +\-"I went to bank and took out a large amount of cash" + +\-"Hell is coming" + +\-"I went into lockdown almost a month ago to save *my father's* life." +Over the weekend I discussed that I was worried that a market correction would be coming any day. When I saw the COVID updates yesterday it crossed my mind that I could wake up to this. + +Well... Here it is. + +What I won’t be doing is selling everything, or anything for that matter, at a loss. Unless you just yolo’ed your cash into random “$tonks” people told you to buy, the very same research or indicators that made you buy them in the first place are likely still valid. + +Remember that you haven’t actually lost anything until you actually sell. Take a break today. + +EDIT: I posted this specifically about the expected market correction. Sure, if you have a dud that hasn’t panned out as your DD anticipated, cut your losses. No reason to hold anything on blind faith that it will eventually turn around. +At the moment everyone keeps raving on about FAANG and the next 'uber' of the Snapchat industry. + +But what is your most unconventional stock that you are proud of holding in your portfolio and why? +**TL;DR:** + +* **Legal & General, who was written as a rival of BlackRock in an FT article on the UK gilt/pension crisis, was one of the bigger institutional holders in GME in 2021** (more than likely loaning shares if had to guess). +* **Research paper points out that US behemoths like BlackRock & Vanguard own a bigger piece of the UK market than domestic UK companies like Legal & General. They can wield their balls around a lot more due to their UK shareholding/corporate governance power, which can help explain why BlackRock (a US company) was able to push for a "halt" in trading.** + +https://preview.redd.it/om1zqauv4uq91.png?width=1080&format=png&auto=webp&s=aa1c40a23455e9820675762c80600fc9cc737592 + +Some of you may have already seen this post on the sub detailing BlackRock halting trading on the gilt crisis that nearly crashed UK pensioner's accounts *checks notes* yesterday. + +It mentions Legal & General as one of BlackRock's top rivals. Knew that name sounded familiar: + +&#x200B; + +https://preview.redd.it/3g392cpd5uq91.png?width=1630&format=png&auto=webp&s=49b9c9ec76e13b9a87644471a56804b665fae636 + +This was courtesy of u/pwdwp90 for this find over a year ago. Legal & General (" a leading UK financial services provider, offering life insurance, pensions, retirement and investment services") was at one time one of the higher (highest?) institutional holders of GME at the time. + +&#x200B; + +[they are just above Morgan Stanley \(block trading anyone?\) and the swiss National Bank \(Fondue gang!\) but 50k shares underneath the fuckos at Wolverine Trading](https://preview.redd.it/u2ewpc8a6uq91.png?width=1443&format=png&auto=webp&s=a68496e8d17c414dc180e063d069db72f6e58c06) + +Also covered them brief in when I was digging into ESG scores: [https://www.reddit.com/r/Superstonk/comments/vibg7g/the\_whores\_at\_the\_ratings\_agencies\_pt\_1\_lies/](https://www.reddit.com/r/Superstonk/comments/vibg7g/the_whores_at_the_ratings_agencies_pt_1_lies/) + +&#x200B; + +https://preview.redd.it/p91vgruk6uq91.png?width=1064&format=png&auto=webp&s=eaabb95d9cd446893538a2a9693dd3950dca1ca9 + +>The UK has been one of the BIGGEST battlegrounds for this \[ESG fuckery\]. +> +>Alan Miller called ESG “Extra Strong Greenwashing” in the wake of Legal & General’s ESG China CNY Bonds UCITS ETF (long ass-fucking name I know). **Miller said that China’s background for what was included in this ETF in no fucking way met ESG standards**, and was warped through a process called “tilting” ("applies JESG issuer scores to adjust the market value of index constituents from the baseline J.P. Morgan China Aggregate Index"). (**Fun fact: Legal & General also holds GME. Who knows if they are loaning it...)** + +Barclays seems to run some pension plans through them as well: + +>The BPSP is a Group Personal Pension arrangement which operates as a collection of personal pension plans. Each personal pension plan is a direct contract between the employee and the BPSP provider (Legal & General Assurance Society Limited), and is regulated by the FCA + +You can see an example of their footprint in a sample pension plan below. Let's examine the (i shit you not) what's called the "Sanofi Pension Scheme": + +&#x200B; + +https://preview.redd.it/8wpc8t669uq91.png?width=879&format=png&auto=webp&s=b1a22a930e02c1bc101fa5507db91c719843be4d + +>In September 2021 the Scheme entered into a Buy-in arrangement to cover the Scheme’s pensioners with Legal & General Assurance Society Limited. This was funded by Gilts held in the Insight LDI portfolio and the agreed price was £756,055,842 + +You can see how the "gilts held" in the Liability Driven Investment portfolio link to the table above. **(Also, fun fact! This fund's custodian for the year was HSBC and Citibank's London branch.)** + +&#x200B; + +While re-digging into Legal & Genera, you can see an example of their Gilt fund (lol): + +&#x200B; + +https://preview.redd.it/egigzbp67uq91.png?width=1644&format=png&auto=webp&s=4ad8c2093904918791a196c16d5b1f55bda02736 + +Finally, perhaps more interestingly, this research paper (" Under new management Share ownership and the rise of UK asset manager capitalism ") detailing changes to how assets have been managed across the UK: [https://uploads-ssl.webflow.com/5e2191f00f868d778b89ff85/60e7020a420de46f4022ff3e\_CW\_AM\_First%20Paper%20v4.pdf](https://uploads-ssl.webflow.com/5e2191f00f868d778b89ff85/60e7020a420de46f4022ff3e_CW_AM_First%20Paper%20v4.pdf) + +&#x200B; + +https://preview.redd.it/ff41cwvw9uq91.png?width=571&format=png&auto=webp&s=8934139cd711d45985a4cba4f3605f585d89c64e + +>Interestingly, while in 2000 the top 10 shareholders in the FTSE350 controlled a similar total fraction of the index’s value), a significant change has taken place within this cohort: in 2000, the ownership of the top 10 was relatively evenly distributed, **while today, just two investors - BlackRock and Vanguar**d - together controlled an astonishing 10% of the total value, endowing **these two US-based passive investment giants with a uniquely powerful position in UK shareholding and corporate governance.** + +So two US giants Vanguard and BlackRock, who we know just had the fucking power and balls to shut down gilt trading, did so, even MORE than homegrown UK companies?? WTF! + +>**Another notable change in the composition of the top shareholders is the prevalence (or lack thereof, in the case of 2020) of domestic UK firms as top investors (Aviva, Legal & General, Schroder, Prudential, Standard Life Aberdeen) – an ‘internationalisation**’ that is echoed in the ONS national shareholding data presented in Figure 1. According to Factset Ownership, the 'internationalisation' of shareholding is also related to the size of the corporations in question, with higher market capitalisation firms having the lowest UK-based ownership. + +&#x200B; + +https://preview.redd.it/opaf06ucauq91.png?width=655&format=png&auto=webp&s=245b49e4bd12c94372075b6f5a3782e2d4e84917 + +Hmmm...what led to their rise? + +>**The final observation relates to the diversification and indexation of the largest shareholders** ***(BlackRock, Vanguard, etc.)***. +> +>**The idea that large, institutional shareholders make informed bets, investing in some companies but not in others, is increasingly at odds with reality.** +> +>**The most important reason is the rise of index and exchange-traded funds (ETFs), and the fact that BlackRock, Vanguard, and State Street have effectively cornered this market.2** + +What a ballsy fucking statement: arguing that these fuckos aren't smart money or "making informed bets" but literally because the entire index and ETF fund market which we all know is a fucking sham (XRT anyone?) + +&#x200B; + +If I find any more interesting Legal & General stuff, will lyk, still digging. + +&#x200B; + +EDIT 1: Not directly related but has any US ape across the pond seeing this? Saw it myself on stateside TV...Blackrock Is doing ads for pensions recently its airing trying to put themselves in a good light + +[https://www.pionline.com/money-management/blackrock-debuts-ad-campaign-burnish-image-it-faces-esg-scrutiny](https://www.pionline.com/money-management/blackrock-debuts-ad-campaign-burnish-image-it-faces-esg-scrutiny) + + + +>BlackRock, facing political scrutiny over its stance on environmental, social and governance investing and its outsize influence in business, is on a mission to reintroduce itself to Washington. +> +>**On Monday, the world's largest asset manager is launching an advertising campaign in the U.S. capital dubbed "About BlackRock" — to emphasize how it helps investors, including by managing retirement plans for more than 35 million Americans.** +> +>... **As a top-five shareholder of almost every company in the S&P 500**, BlackRock regularly faces pressure over its votes during annual shareholder meetings. + +&#x200B; +Edit: TLDR this shit is about to escalate. Buy puts. + +Edit 3: I'm just a dude on the internet people, not a fucking swami or professional. I have no clue what you should do with your positions. + +I've seen too fucking much speculation lately on just how bad this COVID-19 shit is. Some say its the sniffles. Other say its the start to World War Z. More specifically I've seen this referenced as the next big "Black Swan" event because this sub is a bunch of fucking amateurs (myself included) and they just regurgitate whatever bullshit movie or book they read and used to self-proclaim themselves the next Michael Burry (see what I just did there? I'm speaking your language). + +&#x200B; + +I've read my fair share of shit too assholes. The Big Short, Liars Poker, Flash Boys, Chaos Monkeys, Zero To One, the new /r/WallStreetBets book (which doesn't come in a fucking hardcover and looks like a fucking disgrace in my library). What I have come to realize is there is no fucking science to stocks. \[Yes there is, you claim. Stonks only go up. Science duh\]. + +&#x200B; + +However there is science to a virus works and how a pandemic spreads. So I've thrown together some half-assed research that you can disregard at your pleasure. This includes charts that we are all so fond of reading. Full disclosure, I am not a biologist, doctor, or any expert in the field of virology. I just did some internet readings and used that data to apply my own logic. Undoubtedly there are errors in what lies ahead. Let's begin. + +&#x200B; + +COVID-19 Coronavirus is caused by SARS-CoV-2, a incestuous relative of our old friend SARS (we'll get to him shorty). Depending on what you believe this has been caused by some starving Chinese peasants seasoning their soup with bats or the result of a Chinese bioweapon escaping its lab. Long story short its the flu that really fucks you up. + +This isn't the first virus we've seen rapidly rise to fame. We've got a few historical examples we can look to for comparison. + +&#x200B; + +1) 1918 H1N1 aka Spanish Flu + +The big bad granddaddy of them all, this is the shit doomsdayers point to when they want to really incite some fear. Firs appearing in January of 1918, this fucker infected almost 500 million and killed anywhere between 40 million to 100 million. \~28% of the United States was infected with a 2%-3% case-fatality ratio. + +&#x200B; + +2) 1956-1958 H2N2 Influenza A aka Asian Flu + +A bad nickname since most of these could be called Asian Flu. This gets the crown since it was first. Originating in our dear friend China, this spread to Singapore by February of 1957, Hong Kong by April, and the US by June. 69800 deaths in the US with 1-4 million worldwide (WHO estimates 2 million). + +&#x200B; + +3) 1968-1969 H3N2 Influenza A aka Hong Kong Flu + +Arriving on the scene July 13th, 1968, this hit Vietnam and Singapore by the end of July and was widespread in the US by December of 1968. Case-fatality ratio of 0.5%, it killed 33800 people in the US alone. + +&#x200B; + +4) 2002-2003 SARS + +Probably the last real panic over an Asian virus, this was declared in November 27th of 2002. There apparently still is no cure. That said, only 8098 cases with 774 deaths occurred (however that is a fatality rate of 9.6%). There were only 27 US cases. + +&#x200B; + +5) 2009 H1N1/09 variation aka Swine Flu + +What looked to be the sequel to SARS but really was just a lame prequel, this had a case-fatality of 0.01%-0.08%. WHO statistics as of July 2010 attributed 18000 deaths to the virus, but later revisions estimate somewhere around 284,500 deaths. + +&#x200B; + +All of these have led to COVID-19 and speculation is rampant as to it's impact on the globe. More specifically for the retards here, it's impact on their portfolios. + +&#x200B; + +Unfortunately we don't have a ton of good data on how any of these affected markets. For starters, the stock market today is quite different from 20 years ago, and the global economy is much more entangled. News travels faster, and we have a way of sensationalizing everything. We can look at the markets during each of the aforementioned virus' (minus the 1918 Spanish Flu. If this happens there won't be a stock market). + +The most recent two virus', H1N1/09 and SARS, both have unusable market data. Why? Because when both virus' struck, we had just popped two of the largest bubbles in history. H1N1/09 struck in March of 2009, right in the midst of the Great Recession. The market had already bottomed, the Feds were writing blank checks, and the economy was already in triage. SARS came to fruition in November of 2002, one month after the NASDAQ hit bottom from the DotCom bubble. What impact these virus' had on the world market is tainted by the preexisting financial landslides. + +In January of 1957 the S&P 500 was valued around \~418 (inflation adjusted). When the virus hit the US in June, the S&P 500 was actual up to \~434.86. By December of 1957 the index value was 363.23 points. + +I feel however, that the 1968 Hong Kong Flu is our best comparison to COVID-19 and any impact the virus could have on the overall market. Just look at these numbers. + +&#x200B; + +S&P 500 (inflation adjusted) + +July 1968 722.49 (virus reaches Singapore and Vietnam) + +December 1968 754.75 (widespread in the United States) + +February 1969 707.12 + +August 1969 665.90 + +June 1970 483.52 + +&#x200B; + +H3N2 struck a year before the Recession of 1969-1970, a recession that ended the third longest period of economic expansion in US History. According to Wikipedia: + +"At the end of the expansion inflation was rising, possibly a result of increased deficit spending during a period of full employment. This relatively mild recession coincided with an attempt to start closing the budget deficits of the Vietnam War (fiscal tightening) and the Federal Reserve raising interest rates (monetary tightening).\[2\] During this relatively mild recession, the Gross Domestic Product of the United States fell 0.6 percent. Though the recession ended in November 1970, the unemployment rate did not peak until the next month. In December 1970, the rate reached its height for the cycle of 6.1 percent." + +However I would once again argue this is a poor example, as the market didn't seem to rock much during the actual outbreak, and some of the surrounding factors of the recession were different than those of today. + +So what does this mean? In my opinion we are facing a somewhat unknown scenario. Markets don't like unknowns. And there is a lot of fear being tossed around regarding this virus. Markets don't like fear either. So is this unknown fear worth panicking about? + +&#x200B; + +Let's look a pair of charts. Some really unhappy charts. + +This first one graphs all the cases of COVID-19 since its inception on December 31st, 2019, the day China contacted WHO and let them know shit was about to get fucked. + +&#x200B; + +https://preview.redd.it/sd9u8lu40gj41.png?width=1024&format=png&auto=webp&s=72b0923a47fb0c2c19336440d8e86486c1c45341 + +For the first month of that chart, you don't really see much. Then you see one really big fucking line go parabolic in a hurry, and more recently a bunch of little tiny lines that don't seem to be doing anything. That first line is the number of total COVID-19 cases, dominated by primarily China (>95%). China has had a runaway explosion of cases that \*tentatively\* seems to be slowing down. Already the panic from this has caused our recent markets to approach/enter correction territory in the matter of a week. + +&#x200B; + +Now lets go zoom in on those tiny lines: + +&#x200B; + +https://preview.redd.it/09ubl9360gj41.png?width=1024&format=png&auto=webp&s=7529cf1eaedf0c4a4019c3e19da0515ce5fe9f97 + +Holy shit, they are fucking going parabolic too. After a rough incubation period of about a month, we start seeing an explosion of cases in infected countries. South Korea has especially been taking it through the teeth. These are fucking exponential jumps. If these were stocks, they'd be memed to death already. If you were investing in virus outbreaks in countries, you can bet your fucking ass most of this sub would be buying calls on every fucking one of these nations with new cases. + +&#x200B; + +So lets see, we have an economy that is nonsensical, in a trade war with a nation who is ground zero for a sweeping health crisis. We have recession indicators blowing up everywhere, fucking Twitch streamers jumping into stocks, markets getting spooked to death over this virus, global supply chains being interrupted, the Feds pumping the markets desperately, and now this virus has decided to start going apeshit? + +&#x200B; + +WHO declared this an international health emergency on January 22nd. WHO has YET to declare this a pandemic. We overtook the SARS death toll on February 9th, three weeks ago. People went nuts about SARS. According to Wikipedia in regards to Swine Flu, "Critics claimed the WHO had exaggerated the danger, spreading "fear and confusion" rather than "immediate information". The WHO began an investigation to determine whether it had "frightened people unnecessarily"'. So if WHO took flak for overselling Swine Flu in 2009, I would wager they are underselling COVID-19 now. + +Did you watch that speech last night people? What about any of this is inspiring confidence? I don't want to imagine what the presser would be if the number of US cases went parabolic. Hell it might already have done so. This wouldn't be the first time the current administration has fudged numbers. + +In just the last week: + +Denmark, Estonia, Greece, North Macedonia, Georgia, Norway, Pakistan, Romania, Croatia, Austria, Brazil, Switzerland, Algeria, Afghanistan, Iraq, Oman, Kuwait, Bahrain, Israel all reported their FIRST cases. + +Iran and Italy have gone parabolic. South Korea looks like its gonna hit China numbers from a month ago soon. + +We have outpaced almost every historical example of a major pandemic BESIDES the 1918 Spanish Flu. Also this virus is matching the %2-%3 case-fatality ratio. + +I'm buying puts out the ass across the next two months. Could this thing fizzle out and blow over in two months? Yes of course. Could this entire post be full of shit and age incredibly poorly by next week? Absolutely. But this sub isn't about investing its about white collar gambling. You have to take the odds when they are in your favor. An overextended market gets hit by an unprecedented external force? The odds have titled. It's time to lay down some fat fucking bets while it exists. Or keep throwing money stupidly at meme stocks and hoping SPCE moves 2 fucking points. + +Edit 2: In the mere hours since I posted this gibberish, Kuwait, Switzerland, Iran, the UK, South Korea, Iraq, Finland, and Lebanon have reported more cases and deaths. Australia says pandemic inevitable, the US has +its first case of unknown origin who wasn't tested for days, and Saudis Arabia just cancelled the fucking pilgrimage to Mecca and Medina. After a few hours sleep I feel even more confident in this assessment. + +&#x200B; + +&#x200B; + +Sources: + +[https://www.pharmaceutical-technology.com/news/coronavirus-a-timeline-of-how-the-deadly-outbreak-evolved/](https://www.pharmaceutical-technology.com/news/coronavirus-a-timeline-of-how-the-deadly-outbreak-evolved/) + +[https://en.wikipedia.org/wiki/Recession\_of\_1969%E2%80%9370](https://en.wikipedia.org/wiki/Recession_of_1969%E2%80%9370) + +[http://www.cidrap.umn.edu/news-perspective/2020/02/study-72000-covid-19-patients-finds-23-death-rate](http://www.cidrap.umn.edu/news-perspective/2020/02/study-72000-covid-19-patients-finds-23-death-rate) + +[https://en.wikipedia.org/wiki/Coronavirus\_disease\_2019](https://en.wikipedia.org/wiki/Coronavirus_disease_2019) + +[https://www.multpl.com/inflation-adjusted-s-p-500](https://www.multpl.com/inflation-adjusted-s-p-500) + +[https://en.wikipedia.org/wiki/Severe\_acute\_respiratory\_syndrome](https://en.wikipedia.org/wiki/Severe_acute_respiratory_syndrome) + +[https://en.wikipedia.org/wiki/2009\_flu\_pandemic](https://en.wikipedia.org/wiki/2009_flu_pandemic) + +[https://en.wikipedia.org/wiki/Spanish\_flu](https://en.wikipedia.org/wiki/Spanish_flu) + +[https://www.cdc.gov/flu/pandemic-resources/1918-pandemic-h1n1.html](https://www.cdc.gov/flu/pandemic-resources/1918-pandemic-h1n1.html) + +[https://en.wikipedia.org/wiki/Influenza\_A\_virus\_subtype\_H2N2#Asian\_flu](https://en.wikipedia.org/wiki/Influenza_A_virus_subtype_H2N2#Asian_flu) + +[https://en.wikipedia.org/wiki/1968\_flu\_pandemic](https://en.wikipedia.org/wiki/1968_flu_pandemic) + + +  The advertising is strong with a lot of these posters... won't be the case here. If you know, you know. The "adult" industry is one of the most lucrative in the world. There hasn't been a cryptocurrency to capitalize off of the potential, yet. + +This is a very simple concept: partner with networks and models, create exclusive NFTs, watch the dollars from a yet untouched crypto space roll in.. *coughsimpscough*. Once again, if you know, you know... I can only imagine the dollars spent on Onlyfans by these people, which, just so happens to be one of the giant partnerships H0RNYFARM is lining up. + +That's it from me, if you can't see the potential of a deflationary token granting access to differing rarities of NFTs of pornstars and onlyfans models that may afford some level of one on one interaction in the future, I don't know what else to tell you.... I'll leave you with the details: + +$HORNYFARM + +hornyfarm.xyz + +Twitter.com/hornyfarm + +t.me/hornyfarmchat + +Website just released, presale upcoming, as well as Pancake Swap listing. + +Tokenomics: + +BSC, with ETH release in Q4 + +Initial supply: 69000 + +Total supply: 6900000 + +Deflationary Mechanism: + +"Our high APY is only possible due to our aggressive token burn, every transaction is taxed 6.9% and immediately put into the burn wallet. There is also a 4% pool deposit fee which 2% of that is burned and the other 2% used to buy back the token. Thus creating an ever-rising price floor." + +A lot of these new deflationary tokens are booming because it's a new trend, but many of them die off almost instantly because they have no value/utility other than that single mechanism. This solves those issues with flying colors. Not only does this token provide the utility of access to these exclusive NFTs, but it has unlimited value as well, as it is the first and only one of it's kind. +The price literally did go parabolic. That S3 shithead knew he was misleading people, but he didn't lie. Parabolic means up, and down. What we're waiting for isn't parabolic, it's exponential. +Seems to me like everyone who I spoke to or whatever thread I was reading, said the same, "I can't wait for merge to sell and gain some profits". So now I can't help but wonder, is there anyone buying ETH now? +I already sent 5 withdrawals to my paper wallet before I realized it. BTC withdrawal fee on Poloniex only cost 0.0001 or $0.24. Also the minimum ETH deposit amount is 1 ETH while other exchanges allows a fraction of ETH to be deposited. Any Polo representative here who can explain these expensive fees? +I am seeing world panic around the crypto market, and I don’t like it. I know there’s reason to be afraid, but this amount of panic is unjustified. Yes, crypto is crashing, but I mean, most of us here have been through much, much worse, so why would you be afraid? + +Truth is, crypto has always been highly affected by world news. News change the price this is a fact. And the reality is that there is a lot of turmoil and negative news around the markets that there isn’t anything to keep the prices up. + +The only sector still going up today is the Metaverse and everything related to it, and yeah maybe that’s a statement of their strength, but maybe because the world is evolving. I mean we’ve already seen so many brands like McLaren partnered with infintite by suku to enter the Metaverse along with Gucci and Roblox, and I’m starting to see a pattern here. The mass corporations of the world believe in the Metaverse and this is fact. + +For the rest of us, might be best to just hold and wait, as we have done, and as we should do. In the meantime maybe start researching other projects and other names that perk your interest. + +Things will recover, but it will take time. +**Started with 60 at Computershare, more than quintupled by now and heading to XXXX soon!** + +There are rumours that much more shares than calculated are already DRSed, so hurry up guys!! + +**Diamond f+cking hands!** + +🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀 + +&#x200B; + +&#x200B; + +https://preview.redd.it/6rcndrowbsi81.png?width=339&format=png&auto=webp&s=2a30a756403830f73942b4f5367f9a7403ec71e4 + +&#x200B; + +https://preview.redd.it/ey8s673ubsi81.png?width=735&format=png&auto=webp&s=7d7feb8394bc7dc415231f298db35be29e0a7875 +Hey all, + +Sorry I'm a little late with this post. I know many of you have been asking me to share my stock picks for Q2/Q3 2020. Here are a few stocks in my portfolio. + +It's also important to note that 90% of my portfolio is in index funds and blue chip stocks. Growth stocks are high-risk speculative investments, and I generally don't swing more than 3-5% of my cash into these trades. + +I've made significant gains on all 3 and I've started to trim my holdings to lock in profits, but figured I'd share info on these companies since there are hardly any posts on them on Reddit. + +**Inphi Corporation (**[**$IPHI**](https://finviz.com/quote.ashx?t=IPHI&ty=c&p=d&b=1)**)** + +* About: + * Inphi Corporation provides analog semiconductor solutions for the communications and computing markets. The Company solutions offers speed interface between analog signals and digital information in systems such as telecommunications transport systems, enterprise networking equipment, data center and enterprise servers, and storage platforms. +* Financial Highlights: Beats and Raises Guidance. Inphi Corporation Delivers Record Revenue and Earnings in Q1 2020 Driven by Cloud. + * Q1 FY2020: $139.4M (+35.5% sequentially and +69.6% YoY) + * Revenue in Q2 2020 is expected to be in the range of $147.8 million to $152.0 million.    +* Growth Opportunities: + * Management’s expectations for PAM4 market share have risen steadily from around 50% to 60% to now around 65% with line-of-sight to 70% + * Inphi launched first 800 Gbps PAM4 electro-optics platform for megascale data centers and AI networks: "The main two markets driving a need for 800-gigabit modules are artificial intelligence (AI) and data centre switching, says Eric Hayes, senior vice president, networking interconnect at Inphi. AI, while still in its infancy, has all these applications and workloads that it can drive,” he says. “But one thing they have in common when we look at the data centres building large AI clusters is that they have very large data sets and lots of data flow.” + * "We believe COVID-19 will transform our business considerably. Our growth driver at the bandwidth consumption layer are accelerating, and we are adapting our business model to address these opportunities. Our original drivers included cloud computing, artificial intelligence, 5G wireless, social networking, e-commerce, virtual and augmented reality and Internet of Things. The demand for these capabilities is now being augmented by multiple new powerful trends: work, learn, collaborate, play and socialize from home; increased streaming across many devices; telemedicine, telehealth and virtual fitness; shopping, food and meal delivery; security and new factory automation and control." +* Analysts: + * Target Raised by Needham & Company LLC - Buy USD 100 » USD 122.5 (2020-05-08) + * Target Raised by Morgan Stanley - Overweight USD 109 » USD 116 (2020-05-08) + * Maintains B. Riley - Neutral USD 86 » USD 91 (2020-05-08) + * Target Raised by Stifel Nicolaus Buy USD 110 » USD 120 (2020-05-08) + * Target Raised by JPMorgan Chase - Overweight USD 120 » USD 126 (2020-05-08) + * Target Raised by Deutsche Bank - Buy USD 108 » USD 115 (2020-05-08) + +&#x200B; + +**Cerence Inc. (**[**$CRNC**](https://finviz.com/quote.ashx?t=CRNC&ty=c&p=d&b=1)**)** + +* About: + * [Cerence Inc.](http://www.cerence.com/index.htm) (NASDAQ: CRNC), AI for a world in motion,[ officially spun off](https://www.cerence.com/news/posts/cerence-completes-spin-off-from-nuance-debuts-as-independent-public-company) from Nuance Communications, Inc. to become an independent, next-generation, pure-play automotive software company. They are the global industry leader in creating unique, moving experiences for the automotive world. + * Their expertise is sophisticated A.I., natural language understanding, voice biometrics, gesture and gaze technology and augmented reality. As innovation partners to the world’s leading automakers, they're helping transform how a car feels, responds and learns. + * Cerence currently powers AI in nearly 300 million cars on the road globally across more than 70 languages and for nearly every major automaker in the world, including Audi, BMW, Daimler, Ford, Geely, GM, SAIC, Toyota, and many more. +* Financial Highlights Q2 2020 + * Q2 FY2020 Revenue: $86.5M (+23% YoY) + * Adjusted EBITDA of $29.0M increased 55%, and adjusted EBITDA margin of 33.6% increased 26% compared to Q2 FY2019 + * First-half of fiscal year bookings reached a record of $533M, exceeding FY2019 full year bookings + * The company also posted record new contract bookings that will become revenue in future quarters, including two deals valued at $125 million and $140 million + * This company is profitable +* Growth Opportunities: + * Increasing Market Penetration of Edge (In-Car) AI Products: Automated driving technologies are linked to the growth of edge innovations within the vehicle, increased focus on limiting distracted driving and convenience of controlling the infotainment system, expansion solutions from premium to entry level. Forecasting 85% of Global Vehicles with Edge AI products by 2023 (up from 59% in 2018) + * Increasing Market Penetration of Cloud (Connected) Services: Cloud-based, connected technology is increasingly necessary as users want vehicles to act like rolling smartphones, drivers depend on vehicles of range of information including directions, internet radio, restaurant recommendations, weather, etc., expansion of solutions from premium to entry level. Forecasting 50% global vehicles with Designed-in-Connected Services by 2023 (up from 12% in 2018) + * In a conference call in September, CFO Mark Gallenberger claimed 80% market share, while "win rates right now are running about 90%, and that's been consistent." Even with niche players and some of the larger tech companies trying to enter this market, Gallenberger said, "our win rate has still been very high." They can increase their wallet share with each of their customers, who will increase their investment into AI. +* Risks: Cerence CFO Mark Gallenberger also said that the automotive industry is expected to be down about 22% according to IHS ,but that Cerence expects outperform the industry by 10% to 15% due to favorable trends around voice assistant and cloud technology adoption by automakers. That would translate into a 7% to 12% contraction from previous guidance. However, due to economic uncertainty and automakers withdrawing their own 2020 guidance, Cerence is also not offering guidance for the time being. +* Analysts: + * Initiates Coverage: Cowen - Outperform USD 28 (2020-05-12) + +&#x200B; + +**Inari Medical ($NARI)** \-- IPO'ed May 22, 2020 + +* About: + * Inari Medical, Inc. is a commercial-stage medical device company focused on developing products to treat and transform the lives of patients suffering from venous diseases. Inari is focused on treating venous thromboembolism and improving the quality of life of patients suffering from this disease by safely and effectively removing blood clots. + * Inari has developed two minimally-invasive, novel catheter-based mechanical thrombectomy devices that are designed to remove large clots from large vessels and eliminate the need for thrombolytic drugs. The ClotTriever system is 510(k)-cleared by the FDA for thrombectomy in the peripheral vessels and is used to treat patients suffering from deep vein thrombosis. The FlowTriever system is 510(k)-cleared by the FDA for the treatment of pulmonary embolism. + * Currently, it's not listed on Robinhood. You can find it on WeBull and other broker platforms. +* Financials: + * FY 2019 Revenue: $51.1M (up from $6.8M in FY 2018) and is on track to more than double in 2020. +* Growth: + * The company's minimally invasive devices were used to treat approximately 2,400 patients in the Q1 FY2020 (+33% QoQ, +400% YoY) + * The company's minimally invasive devices have been used to treat over 6,700 patients in 500 hospitals, 90% of which have been since the company's broader commercial launch in the third quarter 2018.  +* Risks: + * Inari Medical is an early-stage company with a history of significant net losses. They expect to incur operating losses in the future and we may not be able to achieve or sustain profitability. + * The market for Inari Medical's products is highly competitive. Competitors may have longer operating histories, more established products and greater resources than they do, and may be able to develop or market treatments that are safer, more effective or gain greater acceptance in the marketplace than their products. + * They may not be able to maintain adequate levels of third-party coverage and reimbursement, and third parties may rescind or modify their coverage or delay payments related to their products. + +&#x200B; + +Feel free to drop me a line or message me directly if you have any comments/questions! + +&#x200B; + +Edit 1: Thanks for the gold! + +Edit 2 (8/4/2020): As of 8/4/2020, the performance from the date of the post of the 3 stocks above are as follows: $IPHI - up 11.1% / $CRNC - up 52.2% / $NARI - up 52% +How long do you normally accumulate cash for before putting more into an ETF or LIC or whichever investment you prefer? + +Do you just purchase yearly, every half year or monthly and why do you purchase this often? + +Also does anyone start lowering the amount that they purchase when things seem unstable or when we are past all time highs like now? +At times it feels like crypto is being pretty widely accepted by the general public, we see guys like Mark Cuban and Elon Musk adopting it for their companies, many mainstream companies like Charmin and Taco Bell are getting into the NFT game and at times it's a mainstream media darling when it's doing well. + +I would expect Reddit to be equally if not more supportive of crypto than the general public or that I might expect to see from say in a comments section on Yahoo News, however when I see Bitcoin or Crypto mentioned in more mainstream Reddit subs like r/news or others everyone seems to be talking shit about "crypto bros" or making references to Beanie Babies, its kind of crazy to me as Reddit tends to sku younger and be very tech friendly. Here's some of the types of comments I'm talking about and these are like handpicked comments this sentiment seems to be the majority. + +"Looks like Cryptobros will have to go back to Amway." + +"Pyramid scheme" + +"Anyone who thinks the world's governments and central banks are going to allow unregulated virtual currency to take over is dillusional." + +""Let's pretend a speculative asset masquerading as the most deflationary currency ever is the future of finance. This is a Very Good Idea and I'm actually an expert on economics, not a con artist trying to attract as many suckers as possible to pay me real money for my hoarded assets." + +"I’m not convinced it is here to stay. What is the utility of bitcoin? At least gold is used in electronics, jewelry etc…" + +"Digital Beanie Babies." + +"I put my entire net worth into beanie babies and He-Man action figures." + +"I mean NFTs are basically the crypto equivalent of beanie babies with the difference being that with beanie babies you actually have something that is worth a damn whereas NFTs are a fucking worthless scam." + +"Jesus fuck what is wrong with that dude? + +"El Salvadors President Jesus fuck what is wrong with that dude?" + +"This year, I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in." + +"I’m sticking with my tulip bulbs.I’m sticking with my tulip bulbs. + +"Obligatory Beanie Babies vs Bitcoin Investment Guide" + +"This happens to things whose only value is derived from what people are willing to pay for it. That bitcoin is worth anything is only because people think they will be able to sell it for more than they bought/manufactured it for. Maybe I'm wrong, but I don't think bitcoin is substantially different than beanie babies. If people decide it's no longer valued, it's just virtual junk." +When you consider what politicians, the SEC, and bankers have to say about crypto, it should be evident that according to them, they have no value and are regarded as a worthless and a useless asset… but they’re still taxing us on crypto. When it comes to value, they probably didn't understand the ecosystem and use cases of (not shitcoins) crypto. + +For someone like me, I did a lot of trading and utilized a lot of different exchanges and wallets (which of course wasn’t a good idea). + +I also use a coin tracker and records to keep track of my gains and losses. I started with [Koinly](https://koinly.io/?r=1), but because I didn't want to pay for the tax reports, I switched to [Crypto.com](https://crypto.com/?r=1) and their tax tool. I experienced the same problem with both of them. I then discovered that [CryptoTaxCalculator](http://cryptotaxcalculator.io/?r=1) was a lot more accurate at recognizing transactions than Koinly. + +But seriously though, this just makes government bankers and politicians hypocrites if they make people pay taxes on crypto if they consider it a useless asset and that they'll receive a part of their paycheck from taxes collected from crypto. + +To have intrinsic value, something does not have to be a "physical asset" like gold or have "official" government support or acknowledgment. From a philosophical and practical standpoint, the whole argument that it has no intrinsic worth is a ridiculous slippery slope. +Despite the fact that NFTs in general have a bad rep for being "just stupid monkey jpeg”, many NFT communities are still worth your time. I’ve looked into big and small communities like Cool Cats, MonkeDao, and doodles, they each have a different vibe that draws me in. + +&#x200B; + +Cool Cats: They strive to be more than just an NFT art project but also a community-driven platform. People have said that Cool Cats are for wealthy cutie pies, which I cannot refute lol. All of their art styles and recent community events, such as making paper puppets and baking sugar cookies, fit the cute little girls' vibe better (no offense but I’ll probably stay somewhere that’s for adults) + +&#x200B; + +MonkeDao: There are so many events & partnerships going on! They recently partnered with ChapterX and you could use your 3D Monkes in their metaverse. They even co-hosted a local event with ChapterX and other NFT projects like JustApe, DarleyGo & Refinable for a NFT party…Feels kinda refreshing to finally have some irl events and get to know different communities. + +&#x200B; + +doodles: They used to be an interactive project but they haven’t tweeted in an entire month lol idk what happened…There are so many new NFT projects going on and if you stay quiet for too long, the community will eventually forget about you. Such a pity they’ve been so silent. I hope this is not a prelude to rug pull. + +&#x200B; + +I personally think that NFT is far more than an overpriced jpeg, it can be a license, a membership, and literally everything. And the community itself is directly responsible for the success/failure of an NFT project. + +&#x200B; + +Lmk which NFT communities are you staying in. +Welcome to the Weekly New Projects Discussion thread of /r/EthTrader. + +* Introduce your own new project within the Ethereum ecosystem +* Vet/share/discuss new projects you come across +When I invest in a penny stock, it's all about how much growth I see ahead and the newsflow while I'm holding it. The more good news I see on the stock, the longer I hold on to it. I've also seen a lot of people who held penny stocks for two years and profited more than some blue chips from the leverage. Here are some of them in my portfolio. + +Trillium Gold Mines ([TGM](http://www.trilliumgold.com/)) + +Trillium is a gold exploration company based in Canada ’s Red Lake gold camp in northern Ontario. For me, gold has always been a reliable safe haven against uncertainty, and maintains its value as trillions are pumped into the economy, leading to inflation. Gold is also utilized in both high-end electronics and jewelry. + +Netlist, Inc. ([NLST](http://www.netlist.com/)) + +Netlist is a company in the key semiconductor industry, and this is already the company's initial added value. The United States has a vested interest in preserving and increasing the value and market share of semiconductor companies. + +Royal Helium ([RHC.V](http://www.royalheliumltd.ca/)) + +Royal Helium Ltd is focused on primary helium production exploration and development in southern Saskatchewan. As helium prices rise due to an imminent supply issue caused in part by the Amur fire in Russia and the announced US disposal of a federal helium system, I've been growing an appetite to obtain additional exposure to helium companies. + +How about you guys? What penny stock bets are your portfolio's best picks? +Pro shares makes huge bet 40,000.00 Eft contracts against S&P .Do they know something ? pro shares ultra pro bought them at 17.00 spxu looking for S&P to move down 3 percent by next week . dow also set to drop 350 points according to reports from this outlet . This Is good news for GME if market trends down and puts pressure on hedge funds .Loosing money from market and daily short interest it will help dry up there liquidity and move apes closer to squeeze . + +[Najarian: You're seeing gigantic bets against the market, the type you see when people are nervous - YouTube](https://www.youtube.com/watch?v=_v1oejDZzrs) source +Hi PF, please help. Both of my parents were diagnosed with cancer during the same month. Managing everything has been tough.. emotionally, physically, and financially. I need help. + +I have a good head on my shoulders with a degree and decent middle-class job. My parents haven't worked since 2008. My dad only receives disability that barely covers the mortgage (underwater) & utility bills. So they heavily rely on me. + +1) Currently, I pay my mom's med insurance and her bills. The insurance is only a silver plan obamacare via CA Covered. I have a credit card that I put her as an authorized user, but am starting to think that all the medical debt should be strictly on her accounts. Is this better? She has no income, does not have medicaid (she's 61 years old). + +2) I use my PTO (paid time off) and take days off work to take her to appointments. This results in lost wages that I would otherwise make if I were at work. Can I get government help? SDI? Family caretaking? My paychecks deduct amounts for taxes, SDI, etc, so am I eligible for aid? + +3) My dad's diagnosis doesn't look too well and I need to look into "final arrangements".. I don't even know where to start. He doesn't have life insurance and only has a 401k (don't know how much is in it). + +My situation is bleak, but life is only 10% of what happens to you and 90% of how you react to it. I'm located in CA. Any info/experience on programs, free advice, etc is appreciated. I don't want to drown in their debt and leave myself in ruins. I have my own car payments and want to save up for my own place. Thank you, PF, for listening. + + +EDIT: WOW, I posted this before I went to sleep and did not expect so many replies. I <3 reddit. You are all amazing. My mom has her third chemo appointment tomorrow. She's halfway there, then she'll have a mastectomy. Thanks for your support. I'll be taking my mom off my CC card, finding a lawyer for estate planning/wills, and applying for programs. My co-worker told me that she was already thinking about starting a donation page for my family's situation. Thank you u/elsynkala for referring us to YouCaring. I'm always the friend that others count on and take time to volunteer at the food bank or donate, so I'm not used to being in the other seat. + +EDIT 2: just got home from spending 13 hours at the hospital. My mother's blood pressure skyrocketed and she was experiencing chest pains. The oncology nurse had her go straight to the emergency dept. I made progress applying to programs and calling ACS, but still can't find a lawyer. The social worker wasn't at the infusion center today, but I got the packet of information regarding advanced directives from the registration admin. Thank you all for your suggestions and well wishes. It means a lot. I know I didn't respond much like a lame OP. I had no service in the ER. +Here is my original post: https://www.reddit.com/r/personalfinance/comments/32q703/18_years_old_moved_away_no_contact_with_parents/ + +Someone was kind enough to point me to another post that had lots of helpful information and I received many supportive private messages. Yesterday the police came to my apartment. My parents had both (separately) tried to apply for welfare using my identity since I am 18 and an adult now, even though I don't live with either of them anymore. I had gotten a credit freeze and a new social security number so their deceptions were caught. The police just wanted to ask me some questions and confirm I had moved away and didn't apply for welfare. They have BOTH been arrested and charged. Between this and getting an A on my first exam at night school it’s been a very good week. Thank-you again for the help and supportive messages everyone. +It seems to me like all Bernie Madoff did was take money off people and say he'll invest it. To me, you simply can't make that much money just by saying that. + +What was he doing to make his Ponzi scheme look professional? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +It seems to be a common assumption around here that Musk’s latest political tweets could alienate Tesla’s main customer base: democrats. But instead of debating about whether or not that’s true, let’s first look at if it’s even accurate to assume that most Tesla buyers are democrats. + +Luckily, theres data for that and the results were disclosed in Feb ‘22. [Leta take a look at the key findings of that survey.](https://www.cnn.com/2022/02/03/cars/tesla-buyer-politics/index.html) Keep in mind, these results came out long before his latest claim to be voting Republican. + +First finding: “Surveys by research firm Morning Consult show that in January about 22% of Democrats were considering buying a Tesla, while 17% of Republicans were looking to purchase one” + +Second: “And Republicans are slightly more likely to trust the Tesla brand, 27% compared to 25% among Democrats.” + +Okay so far it’s looking pretty equal today. But how about in the past? + +Third: “Data from Strategic Vision, which has surveyed hundreds of thousands of car buyers, shows that since 2019, 38% of Tesla buyers have identified themselves as Democrats, and 30% have said they're Republicans. That's slightly less "liberal" than EV buyers overall, who skew 41% Democratic to 27% Republican.” + +So definitely a higher percentage being democrat. But far from the majority. + +And I saved the best for last: “Figures from the Internal Revenue Service show that only 22% of those claiming the credit had adjusted gross income of $75,000 or less, while 32% earned between $100,000 and $200,000, and another 43% earned between $200,000 and $500,000. The remaining 4% earned more than $1 million.” + +So Tesla buyers are rich. Though this data is only from people who were able to claim the $7,500 credit which as been long gone. + +And lastly: “The primary motivator to buy a Tesla is not because customers want to reduce greenhouse gases, Edwards said. His data show performance and styling are the biggest draws for most buyers.” + +My conclusion: It seems to me like whether someone is a democrat or not isn’t as much of a factor as Reddit assumes. Having enough money to buy one is. As is Tesla maintaining its “cool factor”. + +Edit: since the income numbers are a little wonky and outdated, I’ve found one that is more current [here](https://hedgescompany.com/blog/2019/03/tesla-model-3-demographics-income/). It looks like the average household income of a model 3 is $134,000 as of 2022. So still a lot but not as crazy as the other numbers made it seem. +Please use this thread to discuss whatever you're interested in trading today; pics for positions risking over $2000 are required as this can give you credibility since your 'money is where your mouth is'. This means any put sold for a stock over $20 requires verification. + +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. + +Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Just read an article about a survey of investment managers and almost all of them said they thought the probability of a correction in the next six months was high. + +So I'm trying to figure out, would I change how I wheel if I agreed with them. There are lots of ways to adjust but maybe bring in the DTE from 30 - 45 to 15 - 30. Maybe smaller delta or higher cash (I'm currently 23%), I don't know. + +Anyone have experience/data/backtest around this? For a 10% correction, three to four month duration according to Investopedia, not for a crash. + +Edit: as someone pointed out, tech stocks went down 10% or more already. So what happens when it's SPY down 10%? That's PLTR & ICLN (I own both) down 30%+ maybe. Do I change my wheel? +I’m up 15% for the year. + +Worst time was the beginning of the war. I had short positions in everything that went crazy. Oil from 80 ->125, gold 1600->2000, wheat 800->1900 but somehow I survived. + +How’s your year? +Obviously, when wheeling, there are times when you’re doing either. I’m a few months into wheeling. I usually like selling calls because you get to capture some of the underlying gain. But recently I discovered what happens when IV completely dries up and I see the benefit of being on the put side so you can ideally move on to a new stock. +Hi guys, I am new to Credit Spreads, previously only selling CSPuts. I wish to learn more about Put Credit Spreads and see it as a way to define risk (max loss). + +&#x200B; + +I wanted to know: Instead of executing the credit spread with the same dates, does it make sense to rolly the buying of your long puts in this this way: + +&#x200B; + +1. Sell the short Puts with 45 dte e.g. Sell Apple Jan 28 170P +2. Buy the long Puts with a 15 day dte e.g. Buy Apple Dec 31st 160P +3. On day \~11-14, you roll the long put out another 15 days to January 15 +4. Repeat again a few days before Jan 15 to Jan 30. + +&#x200B; + +Would this way would reduce the theta loss from the long put, and (I think) even if the stock moves moderately against you, you can roll the short put for the credit, and rebuy the long put every other week while letting your previous long put expire worthless, serving its purpose as downside insurance. + +Reason I am asking this is because when credit spreads (both puts have same dates) go wrong, it seems almost impossible to roll it for any sort of credit, usually due to the long put's costs. I found I can only roll the short leg, and buy a new long put further out. + +Did I understand this situation correctly, and are there any other risks I should consider as a noob to credit spreads? +My plan is to sell a couple 125P 9/17. I have never sold an options contract I have not already owned. Basically, I just want to know what to expect being short on a put position. I have the cash to handle being assigned, but considering I have never been short before, I don’t know what that process looks like. Thanks for the feedback in advance. +Please use this thread to discuss whatever you're interested in trading today; pics for positions risking over $2000 are required as this can give you credibility since your 'money is where your mouth is'. This means any put sold for a stock over $20 requires verification. + +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. + +Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +In the current market where massive companies are dropping by 25% overnight I am a bit worried about wheeling without some downside protection. I’m curious what holes there are in a strategy I’m considering. + +The strategy: sell weekly CSP’s while buying a monthly put on the same stock 10% lower than the current share price. If I get assigned then sell calls until called away, if not, keep selling puts. Rinse and repeat on a monthly cycle. + +My thought is that you have protection if the stock stays down over a month so your losses will be minimized. If it doesn’t drop I know my profits will be less but will be “insured” in some sense. What am I missing? +$2,400 cash, I could sell my PLTR but preferably if it gets to at least $25.5 I'd about break even with all the CC I have done with it but not super fond of the meme stock. So I could have close to $5,000 to do a CSP on something I would prefer to have more, something like CHPT, BLNK, any other suggestions? Looking for solid companies that still might have good premiums over meme stocks. +Out of the three biggest advertising networks two had their earnings calls recently, Publicis last week and Omnicom today. Long story short: Publicis was pretty bad in Europe, [Omnicom was terrible worldwide](https://twitter.com/gideonspanier/status/1288080966217596928). What's more, Publicis declined to give guidance for the rest of the year, Omnicom said they weren't expecting the situation to get better for the rest of the year (no word about 2021). + +You may not know these companies, but when it comes to advertising budgets they are in charge for buying media for the biggest clients in the world. Along with WPP, Dentsu and Havas (part of Vivendi) they are probably responsible for about 75% of media buys worldwide. + +What does that mean and why does it matter to you: Some of the biggest companies in the world and some investors darlings depend heavily on media spend which is likely to be down at least until the end of the year. Facebook basically has no other relevant source of income, Google depends on advertising with over 90% of their revenue. Adtech companies like The Trade Desk or Magnite make money only when ads are being bought through their technology, and others like Roku have a relevant advertising business which will suffer as well when advertisers reduce their budgets. TV networks, out of home networks, magazine publishers and so on obviously facing the same problems. + +Most of these companies have good products which will be doing ok in the long run, earnings calls will not be pretty though, especially with the high expectations which have been priced in lately. Any business trading at higher price per share than early January (when valuations were quite optimistic already) will have to face the music in the coming weeks when the truth is out. Prepare yourselves. + +btw i work in advertising, i can assure you the other agency networks' numbers will not be better +This is pretty ridiculous. The DD on $GSAT was solid, literally everyone was like "solid hold" "feels great to finally be early on something" "most solid DD I've seen in a long time". Boy do people's opinions change in the face of a little bit of red. Now there's talks of GSAT just being a classic pump and dump. Cue the panic sellers and fucking martyrs complaining about the state of the sub for promoting a "pump and dump" even though the DD was solid and theres literally a huge catalyst coming up on the 15th. People need to stop getting scared over a red day and man the fuck up and hold. Not everything is easy money. +https://www.cnbc.com/2019/06/04/crypto-founder-at-lunch-wants-to-change-buffett-hatred-of-bitcoin.html + +Justin Sun says he may not be able to change Warren Buffett’s opinion on bitcoin in a three hour lunch. + +However Sun hopes to offer the Berkshire Hathaway chief a different opinion. “I want him to learn what the younger generations are doing.” + +Sun says he’s a believer and a fan of Buffet and his “long-term value investing strategy,” adding he wanted to pay Buffett “back for his inspiration.” +I wanted to share this link below: + +[https://ig.ft.com/sites/numbers/economies/us/](https://ig.ft.com/sites/numbers/economies/us/) + +Reading all of these indicators, the US economy is healthy, strong, prospering, pick your term. + +The stock market is not an indicator of the economy. Keep that in mind. +I find Carvana and Wayfair to be the poster children of crappy companies with high prices, bad customer service, bad quality products, and yet they have $30-$40B valuations because your average person does not care to do an iota of research and values the convenience of buying things on a slick app over anything else. + +Specially, I’ve found Carvana to almost always have high prices that are consistently a few thousand more than the market value for the used cars they sell. Yelp reviews for every location I have found have been very low, with most complaining either about mechanical issues or issues with transferring the title post close. + +Wayfair is basically a gigantic Chinese dropshipping operation and whenever I reverse image search products I almost always find the exact same product on Amazon or Walmart or Home Depot or direct for much less even though it appears like it’s on sale on Wayfair. More so the quantity of complaints on Twitter are extremely high, with a lot of people with issues on long delivery timelines or broken/cracked furniture with little help from the company. + +And yet despite both companies having what seems like shady business practices of both overcharging for products and having bad customer service people still buy from them. It’s like the antithesis of the Zappos mantra but they get business due to a combination of relentless ad buys, unsuspecting new customers, lazy people who don’t care, and people who otherwise don’t realize they are being ripped off. + +I honestly can’t tell if we’re in a new era where your average person has become too trusting of online companies, and mostly don’t realize how easily they are being tricked via dark patterns and nice looking websites or just don’t care because they value the convenience of shopping online over a dealership or going to a store. +Long time lurker, first time poster. I'm 36 years old, married with two kids. I was recently informed I will be getting a payrise which will put me at 88k p.a base and I also have a 20k p.a bonus that is paid quarterly based on certain targets (I've hit these every quarter I've worked here). + +We own our own home home (with a mortgage 207k on it), I already have an emergency fund of 3x monthly expenses and I pay for life insurance with critical illness cover for us and the kids. I also overpay the mortgage £150 per month. + +I pay 5% into my pension and my employer matches it. I have 10k saved up in a Marcus account (1k a mont goes in here) and also put a few hundred a side for the kids in an instant access savings account. We are looking to upsize in the next year or two, so my question is should I pay more into pension, should I invest in something like Vanguard or keep the cash in view of expenses that arise with buying a new house? + +Thanks in advance +We're reading lots of different news articles about how the Corona virus is impacting the housing market. We know a lot of it is guess work at the moment and that (hopefully) prices will dip and then pick back up in 2021 to where they were in February. + +So what would be reasonable to offer on a house for £295,000 in the south east? We don't want to be offensive but we also don't want to offer more than we should. + +We should probably mention that this house was on the market pre corona and we missed out because we were too slow in making an offer... this week it came back on the market because the buyers had to pull out. +OK so me and my wife are trying to rent a 1 bed flat in kent, 695 pcm. + +The agency want a guarantor (my dad), and I quote they must "reference all 3 of you and therefore the total cost for this will be £480.00." So this is basically a credit check. + +480 quid form them to file a form? Feels like they are trying to screw me to me, any ideas/experiences before I just tell them to fuck off? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[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) +I’m just trying it with a small amount on webull and charting through think or swim platform. 42% is about $250. Started with like $550. + + I use 5 min charts. 1 might work, I haven’t used a one min chart in a few years. Use the respective stuff, smas, macd, rsi, trend lines, patterns ect. But at right time and sell immediately. That’s the TLDR. Take profit immediately, preferably between 5-10%. Stop trying to get 20, 50, 100%. You average 1-7% a day, or once every couple days that adds up quickly over a year. + +Basically I just buy same weeks and sell by 10% almost no matter what. Often times I’m selling by 5%, in and out within 2-15 minutes. Same goes for loss + +Not a crazy strategy but it keeps me from getting greedy and keeps my short term play anxiety down. Just buy stuff with thin margins, like spy for example where an option price spread is only like 1-3 cents usually. + +Just buy at very specific points, like a decent trend line, so it’s very clear when to bail and also clear it should bounce, even if just for a 5 min candle. Pretty much however you normally do. Just take gains almost immediately unless you’re intentionally not trading like that. + +I’m not brave enough for short terms or quite good enough to be sure where a stock is going to likely get to like I can with long term stuff. + +2 to 10% one to multiple times a day adds up quickly. + +How many times have you had a scalp up 10% just to turn against you or at any point, decay or emotion gets you? Take the gains! I’ve been trading since 2017 and after losing initially, often just break even with wins and losses now. But the weak hands strategy has been working for me and hopefully it will continue +Financially, I think I’m at a good place for a 24 year old. 60k gross salary, 20k in the bank, and still living at home with my parents. + +During my college years, I was able to cultivate a frugal mindset which has helped me get closer to my goals of one day starting my own business. However, I always feel like this frugal mindset is great but also detrimental to my happiness. + +Don’t get me wrong, I like to save money but I also don’t hold back on going out on weekends and having fun. + +However, every Sunday I experience a “spending hangover”, where I calculate how much I spent and feel guilt about it. + +I always try to justify that I work my ass off at work and I deserve to spend some money on experiences that make me happy. But the guilt stays for a few days. + +I sometimes envy the people who are able to just spend money with no remorse, although I know I’m the long-run invoice better off. + +So my question is, how do you all deal with feeling guilt about spending money on going out? + + +https://www.wsj.com/articles/tezos-raised-232-million-in-a-hot-coin-offering-then-a-fight-broke-out-1508354704 + +One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot corner of finance. +Tezos’s fundraising in July at that point was the largest initial coin offering, a new type of rapid fundraising that has captured imaginations and rivaled venture capital for technology startups. +But a battle between the founders of the company and the head of the Swiss foundation they installed to give it more independence has put most trading of Tezos coins on ice, possibly until early next year. +That could alarm investors who were hoping that Tezos might catch on quickly. Sales of digital tokens like Tezos coins have concerned regulators and become a sign for some investors of a bubble in the cryptocurrency world. + +The costly battle at the company will be an early test for the coin market, which has raised $2.3 billion this year, about seven times the amount raised in all years before 2017. +The money has poured in due to enthusiasm for virtual currencies such as bitcoin and open-ledger “blockchain” technologies that are often tied to the offerings. The largely unregulated coin offerings in turn have helped push the value of bitcoin and some other virtual currencies to record highs. +But the Tezos deal highlights some of the drawbacks of initial coin offerings, also known as ICO ’s : untested management, opaque structures and little transparency into what anyone involved wants to do with the huge sums they are raising. + +The fight at Tezos is between the husband-and-wife team that started the deal and the founder of the nonprofit foundation they tapped to control the project. + +“There’s a lot to regret here,” says Kathleen Breitman in an interview this week. She and her husband, Arthur, run the primary company developing Tezos, which wants to improve blockchain ledger technology through software. “We made a lot of mistakes. The best I can do is put my head down and work on the code.” +A lawyer representing the Breitmans on Sunday sent a nine-page letter to the foundation’s board, demanding that its founder and president, Johann Gervers be removed, or they would withdraw their support from the project. + +Mr. Gevers couldn’t immediately be reached for comment. + +He has alleged the Breitmans’ involvement in his work “was incompatible with the needed independence of the foundation,” according to a separate letter from a Breitman lawyer, which referenced a Sept. 21 meeting at which Mr. Gevers made the claim. + +The Breitmans, in their late 20s at the time of the offering, had done stints at major firms. He had worked at Goldman Sachs Group Inc . and Morgan Stanley , while she had spent time at hedge-fund manager Bridgewater Associates and consulting firm Accenture . Ms. Breitman also worked as a fellow on The Wall Street Journal’s editorial page during the summer of 2011. + +The couple now control Dynamic Ledger Solutions Inc., which, according to Tezos’ website, “owns all of the Tezos-related intellectual property.” The Breitmans contends they used a Swiss foundation to boost the company’s independence and add checks and balances in its early period. Eventually, the plan is for the Breitmans to sell their company to the foundation for about $20 million. + +But how much control the Swiss foundation has over the company’s direction has led to a dispute that has put trading of Tezos tokens held by investors in limbo while also putting some of the technology on hold as well. +The Tezos tokens, nicknamed tezzies, have yet to begin formally trading, though some trades are taking place in a less liquid prelaunch market. The formal start of trading is tied to the release of the production version of the Tezos platform. That has been delayed by the fight and may not come until February, more than six months after the money was raised last July, Ms. Breitman said. + +The money that was raised in the deal is currently with the foundation in a bank account, Ms. Breitman says. **The proceeds are in the process of being converted from virtual currencies -- bitcoin and Ethereum—into government-backed currencies.** + +The offerings are in many ways more akin to crowdfunding efforts than securities offerings, although the Securities and Exchange Commission has said it would review exactly what an offering is on an individual basis. The coins sold by companies in most cases aren’t equity in a firm. Rather, they are tokens that can be used at a future date to purchase services or products a company intends to produce. +Last night my wife said "hey.. a stock exchange used blockchain for the first time... isn't that the thingy you've been talking about?" .. this is a huge indicator that blockchain is reaching mainstream.. trust me! +I've been watching multiple documentaries about the DotCom bubble, and reading some articles. + +I was struck by many similarities, but also a significant difference. + +In the .com bubble, any idea received millions in funding, given that it had a remote connection to the internet, and ".com" in its name. +In the .coin bubble, "Coin" projects receive millions in funding, based on whitepapers and flashy websites. + +But here's the difference: In the former, funding was *centralized*. Money poured in from a relatively small number of VC funds. In the latter, funding is *decentralized*. Money comes largely from the public, ie. a large number of small contributors. + +Fundamentally, Joe with his $20K life-savings has the same level of greed as Rich, a fund manager with $500m to invest. But Rich is much less incentivized to do due diligence, since it's not his *own* money. At the same time, he invests much larger sums, thus inflating the bubble much faster. + +We can infer from this that the .coin bubble is, at least at this stage, much less "bubbly", and more connected to reality than the .com one. This is evident in many other levels, like the absent of launch parties which prevailed the .com days, etc. + +We might indeed see crashes, but they'll be much less dramatic than the .com one, and recover faster. + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi all, + +Could not find the 100% correct sub to post. + +A client has purchased an item from our store, requiring a % deposit before it was ordered. + +The item came in and client picked up item, but person did not follow up for the remainder of payment. + +I've tried to contact person, but no avail. What are my options? Only have name, contact no. and emails. +So, I'll admit I've been very lazy with having a will, partly because effort but also because I've not managed to come up with a good solution of who to leave things to. + +As stated above in the title, Single income, no dependants. + +I have a decent investment base/life insurance and always thought that it would go to mum, but the older I get the more I wonder if that's a good idea. + +I don't have a great relationship with my brothers, they have never really supported me so I don't want them to get the fruits of my hard labour - By leaving things to mum, I am essentially leaving them to my brothers (mum is quite comfortable financially). + +I have considered my niece and nephew with some conditions around accessing (to make sure it went to them and my brother didn't try to take it for himself), as well as friends that have been long term in my life and to be honest, more like brothers to me. + +Then of course there is charity. + +What have you other SINKs with a slightly dysfunctional family dynamic come up with? + +Edit: I'm 32 (I didn't realise SINK implied I was 40+), so yes this is subject to change if I find a partner or have kids :) +Hi all, + +I grew up in a poor, financial illiterate household, and worked like crazy from 15 till now. I have around 30k in savings and want to take risks. I'm a young male, 23, finished uni and headed into higher paying work. All of the advice I see on Reddit usually pertains to Americans (max out 401k and Roth IRA etc). I want to know how an Aussie can get ahead. + +What do I have access to right now to make my life more fruitful. I want to know more about the following things. + I'd like to know WHAT I can do, and WHY it is worth doing. Examples below - please correct if they are dodgy: + + Salary sacrifice: Reduce total income from employer by putting money into super. Tax burden is lessened. + + ETF investment: Savings accounts typically grow at below 3 percent in a year. Inflation goes up by a similar amount. Some ETFs return a lot higher than this, but are of course risky. + + I want to know about: + First home owners grant. + Instant asset write-off and government business support. + Optional super contributions. +Etc etc. + Any other schemes and gov programs I can get into. + + Cheers! +Have noticed a few 'under offers' with properties I've been looking at in Sydney lately. Some have come up pretty quickly for places that don't seem like they'd be bashing down the door for offers, others remain listed 'under offer' for quite a long time. + +I was thinking this is all probably fairly normal, particulary in the current market but a recent incident makes me wonder if I'm missing something. + +So a property goes to auction and gets passed in. I didn't see PI price but soon after is listed at 1.25m-1.32m. I've kept a very close eye on the market for the past 2 years and the range comfortably looks $200k out of whack. A nearby and also new property sold for 1.05m back in March. There are a few pluses and minuses between the two properties but I would hazard any benefits in favour of the more expensive place are cancelled out by a crap location. It is literally one house back from a major road and there are some telco tower views too. So I contact the agent to ask why the huge discrepency between the two places. He doesn't get back to me for a week - and when he does, things get interesting. + +He says the place got passed in at 1.12m but he thought he could do much better for his client. He says he did and got 1.27m which seemed amazing to me. It's the south-western 'burbs which are struggling and there's definitely choice out there. His email literally came early the morning after the night this deal was done and it's long and very detailed. He comes up with all kinds of reasons why his place got so much more (none of which I really bought) and makes out there was quite some competition for it. Says he couldn't work out why other place went so cheap and said he had 6 people who were interested in his house tell him they would have been happy to pay $50k+ more for the other place anyway but missed out (odd). Interestingly this 1.27m place remains on two sites up for rent. It has 'under offer' on website. + +I guess this may all be ok but on the strange vs ok meter I'm 80-20. In the strange department: a) the price b) that someone so quickly would go so high above the passed in amount in current market c) the alleged competition for it d) all the people that couldn't get the $1.05m place yet were allegedly prepared to pay more for it e) the long and detailed email to me and timing of it (why not just tell me he was happy with price and let me know if he can do anything for me?) f) the fact that it is still listed as rental on two places g) the front of the property looks great and yet the rental photos don't show it, like they are trying to make out it is something different from the 'under offer' property h) it's a different rental to selling agency. + +I have a pretty good bullshit detector and while all of this could theoretically be right, it doesn't sit all that well with me. Any reasons why an agent might do this or am I just being a cynic? +I have a 2 part mortgage coming to an end April 23’ and Oct 23’. + +With this latest cluster of a budget I’m getting seriously worried that inflation is going to spiral and interest rates with it. I’ve seen some articles calling for an immediate 1% rise to cool fears. + +I don’t think my renewal could have possibly come at a worst time, and it’s really starting to stress me out. Is there any situation where the above doesn’t happen? +I’m moving out for the first time (UK) to a new place five hours away, for a new job that’s mostly work from home (at least for the next 6 months). I’ve made a budget, which is below, and calculated that after bills, entertainment, ect. I’ll have £300 left over…is that decent, or will I struggle? First time since university living on my own so not sure if it’s realistic. + +My income is £1,330. +Rent: £450 +Council tax: £81.98 +Water bill: £34.91 +Electricity: £66.00 +Wifi: £25.00 +Groceries: £125.00 +Car tax: £13.56 +Car insurance: £25.04 +Car fuel: £80.00 +Phone bill: £60.00 +Entertainment: £50.00 +Gym: £18.00 + +So that’s £1,029.49 on expenses, with £300.50 left over. + +Should I be looking for somewhere cheaper or is this something that’s affordable? + +EDIT: Wow, thank you everyone so much for your feedback. I didn't expect to have so many responses. Also thank you to whoever award the post Silver Award! + +Some general responses: I'm going to revaluate the water and electricity bill based on feedback. These were taken from national averages as I've not moved out yet. The phone bill I agree with you all on, but that can't be changed as I'm on a contract so it will be a painful wait until I can downgrade. I'll definitely start working on adding to my emergency fund. + +I know my salary is minimum wage, and a few have told me to find a better job. That's not possible, I'm entry level in a new field and only have Certificate of Higher Education, not a Degree. I'm hoping that I gain experience and skills through my role and will be able to develop my career and wage over time. I guess I will have to make some sacrifices and live frugally until then! +Because it was my first donation I had to do a bunch of stuff first: informational video and exam, so maybe this is partly a reaction to a long afternoon, but I feel (understandably) dehydrated. I'm drinking all the water, but I think I'm done for the evening. Luckily I had nothing on my schedule but I can't imagine doing this regularly. + +Also it was a nice place and everyone was pleasant but receiving money for part of my body just feels dystopian. I'm sure I'll get over it when I get gas tomorrow. + No doubts that APPL has lots of potential in long run and worthy of holding if you have the position now. (PE Ratio = 28.95; past three quarter earning exceed the expected estimation; September event is coming out.) + +But I haven't have any shares in APPL now; I have around 40k to invest. not sure if it's a good time to buy in APPL? It’s price has gone lot in August to $170+ and worried that I've missed my buy-in time? right now, it’s price is quite close to it’s all time high. + +But also read this articles that analysis think apple will be doing good with iphone14 announcement. + +https://appleinsider.com/articles/22/08/17/wedbush-raises-apple-price-target-to-220-on-continued-iphone-demand/amp/ + +So buy now, and then sell after the event for some quick cash ? Is this a good opportunity? +I'm thinking of opening a long position on Bitcoin with 2x to 5x leverage and leave it open indefinitely. + +But I'm concerned the funding rate will eat away my capital. + +Has anyone tried this and what was the result? + +Thanks in advance for sharing. + + +EDIT: +My focus is on the impact of funding rate on an indefinite leveraged long or short position. + +I understand the risks of leverage and trading and I have plans to keep my liquidation level very far and practically impossible to get margin-called even with a 30 flash crash. + +Plus my question is mostly for research purposes. So please tell me what I need to know about the impact of daily funding rates on an indefinite leveraged long or short position. + +Thanks 👍 + +First, in order for this to work they would have had to file with the SEC and not yet announced. Now, onto the reasoning. + +What do you do on the Fourth of July in America? Get together with friends and family and chat with a little bit of alcohol in you. + +Releasing an announcement on the 4th of a crypto dividend with a 14th execute day would be absolute genius because everyone in America understands the idea of taking back our independence and wealth - especially on July 4th. + +It would give GameStop maximum FOMO and the people maximum chance to get in because word of mouth will never be stronger than when we are all with our loved ones. + +It could be our Declaration of Independence from Wall Street, signed by Ryan Cohen and the apes. + +No longer will be stand by while you rob us blindly. Fuck you, pay me, go to jail, do not collect your $200 on your way to re-start - because it’s ours once again. + +This is a once every event. We should treat it as such and do something that meets the moment, so that everyone remembers FOREVER what happened here and why. Let it stand as a reminder for our country and the world that all people, not just the wealthy, should be treated well. +Pretty much i have 2 brothers renting, and one decided to move out and buy his own house. Hes asking me to take him off to no longer be financially liable for the lease. I told him no as its a contract till july 2019. + +For 3 months now ive recived a portion from each. Now the brother that moved out no longer wants to pay. + +From my perspective they both owe on the lease no matter what no? +I should let them figur it out, but in the end i need my full rent. +Hi Friends, + +Based on my crude analysis, I think buying this condo as my first rental is a bad idea. + +Monthly Expenses + +Mortgage $400.00 + +Taxes $133.33 + +HOA $186.00 + +Pre Buffer Total $719.33 + +Buffer $215.80 + + Total $935.13 + +Rent $1,000.00 + + Monthly Net Cash Flow $64.87 + +Yearly Net Cash Flow $778.40 + + Down Payment $15,000.00 + +Improvements $5,000.00 + + Total Up Front $20,000.00 + + Cash on cash return 3.89% + +Property: [https://www.zillow.com/homedetails/2002-Greene-St-APT-101-Columbia-SC-29205/11685810\_zpid/](https://www.zillow.com/homedetails/2002-Greene-St-APT-101-Columbia-SC-29205/11685810_zpid/) + +I'm looking for a second opinion. + +Thanks, + +John +I know it depends... + +“Most people overestimate what they can do in one year and underestimate what they can do in ten years” -Bill Gates + +I bought a commercial property 3 years ago, and earlier this year I got two residential units. I feel like I’m in a rush to be a real estate millionaire- and I think when I’m in a rush mistakes will be more likely to happen. My goal is to own 10 sfh’s and eventually parlay into a small apartment or 2. + +For those of you further along in your career, how long did it take to build financial independence? Or at least enough income to exit your day job? + +I’m getting hung up on saving for the next place each time. +Hi all, so I find myself with a definite good problem to have. I have a property in the Gatlingburg/Pigeon Forge area that has gone up significantly in value since I purchased it. + +1. Purchase $670k +2. $250k improvements +3. Gross revenue around $300k-$400k +4. 20% to property manager and then $4k a month in cost (mortgage, utilities, insurance etc) + +Getting offers in the $2.7m range - unsolicited offers mind you. + +I don’t know what to do - take the huge payday or keep the very nice revenue generation stream… +Anyone have any experiences with tiny rental properties? I'm talking tiny. I ask because I'm looking at a 1 bedroom 1 bath that costs $10k (rents for $300). +I bought my first SFH rental in June. Current tenant signed one year lease 3 months ago and is now wanting to buy the property. Even got pre-approved for a VA mortgage. Rough numbers I paid $110k with 20% down, closing costs $5k, no real rehab costs. Sounds like they will pay whatever within reasonable market value. I think I could get the house to appraise at $135k- $140k. VA process may also require some rehab costs. + +Other than screwing up my long term strategy, any reason I shouldn’t sell? +Hi Friends, + +Based on my crude analysis, I think buying this condo as my first rental is a bad idea. + +Monthly Expenses + +Mortgage $400.00 + +Taxes $133.33 + +HOA $186.00 + +Pre Buffer Total $719.33 + +Buffer $215.80 + + Total $935.13 + +Rent $1,000.00 + + Monthly Net Cash Flow $64.87 + +Yearly Net Cash Flow $778.40 + + Down Payment $15,000.00 + +Improvements $5,000.00 + + Total Up Front $20,000.00 + + Cash on cash return 3.89% + +Property: [https://www.zillow.com/homedetails/2002-Greene-St-APT-101-Columbia-SC-29205/11685810\_zpid/](https://www.zillow.com/homedetails/2002-Greene-St-APT-101-Columbia-SC-29205/11685810_zpid/) + +I'm looking for a second opinion. + +Thanks, + +John +Hey everybody - I am looking to start developing my core 4 team as an out of state multifamily (4-40 units) real estate investor. I am looking to understand how to make impactful introductions to each of these team members that actually warrant responses. Looking for advice on what elements should be included within a short intro message to the following: + +**The Property Manager** + +* How I found them +* What specifically I am are looking for +* How much I intend to purchase + +**The Realtor** + +Elements that to include in outreach message: (Excerpt From David Greene's Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties. ) + +* That you are an investor who understands the real estate +* What specifically I am looking for +* How I intend to purchase (loan, cash, and so on) +* How I heard about the agent + +**The Lender** + +* How I found Them +* How Much I intend to Purchase +* My current REI Portfolio Status (Giving them context into whether or not I qualify for their existing products) + +**The Contractor** + +NOTE: Not 100% sure how to navigate contractors at this point. + +Overall, looking for the elements to build honest and effective relationships with top producers in their respective domains. + +I am not here to waste anybody's time and I want to make that clear. So before I begin outreach, I want to crowdsource some ideas from the communities. +I got some hail damage on my 2012 Jeep Grand Cherokee a few weeks ago. I made an insurance claim thinking it would cost MAYBE $1000 to repair. To my surprise, State farm decided it would cost over $9000 to repair and wrote me an $8600 check!! Even if my vehicle were in excellent condition (which it is not) It would only be worth $10000 (according to Kelly Blue Book). I'm trying to decide what to do with the money. I have one more year left of college and will most likely get a job next summer. I commute, so my car will have close to 200,000 miles by then. I feel like it would be smarter to invest the money from statefarm now and live with the dents on my car. Then in a year or 2 when my car is a true POS, use the money from statefarm as a down payment for a new vehicle. I don't know if this is a good decision and would really like input from others. + + +Tl,dr: I have an $8600 check from an insurance claim and I would rather invest the money than spend it on repairing dents. +I set up rental property as a long term income solution prior to my retirement @ 35 next year but the real estate market where I live has gone absolutely bonkers. Am I right to think selling to lock in my gains (125% in two years) is the way to go? Bought properties for 407k, now worth 900k. Will pay corporate gains, proceeds would go into stocks. + +What would you do? +For those who own real estate in multiple countries (not necessarily same country where you live), how do you handle it without going crazy getting into the weeds of all details? + +For context, I own about multiple properties in my home country, another one in my SO's home country. Those are all rentals. I am considering buying in another country for occasional use from us and extended family and/or friends. + +SO thinks it's a nightmare to handle this and prefer renting vs buying. I tend to think it's ok as long as you hire local help. My feeling is that having a place to go back to over and over again and create some connections would be good. + +I don't really want to get into the rent vs buy but get some advice on handling/maintaining/etc of such setup. How do you make it work in case you've done it? Is it a lot of hassle? +edit: Thank you everyone for you help! + +I am an ex-pat living in Japan. I make less than 98,000USD a year so my taxable income in the USA is zero dollars per tax exemption law. + +In 2014 when I went back to the USA for a trip I opened up a Roth IRA account with fidelity and put $2,500 in the account. In 2015 I put in $5,500 and a couple weeks ago I went back for another trip and put in another $5,500 for 2016. + +The financial adviser said something to me a few weeks ago when I went to write them a check. It stuck in my head. He asked did I have a job. I said yes of course. He knows I live in Japan as a teacher. I thought it was an odd question. It sat with me and today I looked up more about IRAs. Sure enough ALL, 100% of every penny I have put in are in considered "in excess". + +To say the least I am really bummed out. My wife and I work very hard for that little amount of money and both my accountant and multiple people at Fidelity over the course the last 3 years advised me that "everything was okay" and the max out my IRA. They all knew I lived in Japan and did not make 100K$ a year. + +I have to file with Fidelity to close the IRA. This is where I am worried about how much money we are loosing and what to do with it now. 2016 should be no problem. Because I live overseas I get until June to file my taxes for 2015. So I THINK I still have time to correct the 2015 contribution without penalty from the IRA. For the 2014 I must file the 5329 form and must pay 6% for 1 year, maybe 2 (can someone clarify on this). + +This is where I am get really bummed. Because I am closing the IRA account, it will be counted as withdrawal and then it will be subject to taxation. Meaning I will get double taxed on this money loosing even more. + +What should I do with the money. We need to save for retirement. Should I put the money into a non-retirement brokerage account. But then it will be taxed a THIRD time when I take that money out one day. + +I assume I am 100% at fault and can not hold my ex-accountant or Fidelity responsibility for this. + +I feel sick to my stomach. I took my wife's money and my money and in trying to do the best I can with it, based on bad advice, I have lost money and now have no idea what to do with rest and any future investments. + +Thanks in advance for any advice ya'll can offer. + +https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/customer-service/IRA-return-excess-contribution-request.pdf +http://www.coindesk.com/gaw-zenminer-8-million/ + +Last night, I was reading the above article and saw a bunch of comments that basically question the validity of the statements made in this article, specifically whether or not the new GAW hosted miner is actually mining. + +So, I decided to post as well, and posted the following: + +http://pastebin.com/7mZAXAu0 + +This afternoon, I check the article again, and none of the previous posts exist anymore. + +------------------------------------------------------------------ + +**Edit**: It appears they have placed my comment onto their site now. However, other people's comments are still gone. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Yes, I can read, XYZ will close on bla bla ... my question is: are they closing for good? As I understood, they're closing and will wait for the government to obtain a license and fulfil the government's requirements. + +EDIT: i really dont understand why such a question is downvoted ... +Yes, I can read, XYZ will close on bla bla ... my question is: are they closing for good? As I understood, they're closing and will wait for the government to obtain a license and fulfil the government's requirements. + +EDIT: i really dont understand why such a question is downvoted ... +The spam postings are getting annoying. I'm sure we can all agree that while it's great to have newcomers come aboard and participate in valuable discussions with us, this won't be a reality unless we can limit the amount of spam postings. +Here are screenshots of the layouts for Binance & Bancor and IDEX & Cryptopia. I've used all 4 of these exchanges and it's really hard to go back to some of them due to their difficult layouts. + +https://i.redd.it/qziirn381mj11.png + +https://i.redd.it/8x0c0o381mj11.png +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Isn't Ethereum a better "digital gold" store of value since (1) it's backed by all the projects that are using it as the base protocol and (2) ETH in the future will have sinks? With the amount of projects with millions of dollar in ICO funding using the protocol, seems like people should be most excited about Ethereum and can treat it as digital gold backed by the decentralized economy. How important will sinks be in the future? + + +Source on sinks being added, none of this was investment advice, just thinking out loud: "Once we go full PoS, then "sources" will be removed; we can then add "sinks" via things like fee reclaiming." +Hey guys + +Looking at creating a couple of living trusts, one for real estate, insurance and some other fairly liquid assets and one for retirement assets (things like IRA and 401k). + +Wondering what kind of recurring costs one should expect. Say after a few $thousand to get it off the ground, (let’s just say I am comfortable with that), but then on an ongoing basis curious what you folks have seen as far as estate mgmt fees, tax, anything unexpected / additional etc. Seems a bit like Pandora’s box, so trying to determine if worth it. + +Thanks +This article was pulled from [www.robinhoodstrategy.com](https://www.robinhoodstrategy.com), I thought I'd share! + + +One of the best pieces of stock market advice I ever received was from a man on his deathbed. This man was a former real-estate investor and at the time he was a patient of mine in the intensive care unit: + +*Picking individual stocks is for fools!* + +I was 22 years old at the time and although I had done a fine job investing for my age group, this man had spent his entire life investing. He found a very successful recipe for himself in which he shared with me. + +He asked me if I had ever heard of John Bogle, to which I replied, “yes.” + +I had heard of John Bogle. I knew that Bogle was the founder and former CEO of Vanguard Group, a massive investment management firm, but I never studied any of his works. + +He told me to read “The Little Book of Common Sense Investing,” and that this book would change my perspective on the market. This was the first time I had been exposed to the “Boglehead” ideology – a term for individuals who stick true to the teachings of John Bogle. He said that many individuals believe they can beat the market by picking their own stocks, however for the average individual, investing in stocks is for fools. + +## So if picking stocks is for fools, what should I invest in? + +Let me introduce you to the index fund. An index fund is a group of stocks that you can buy as a bundle. By purchasing an index fund, you will own a whole group of stocks. This will protect yourself from some of the risk of picking the wrong stocks. In that index fund, some stocks will go up and some will go down. However, as Bogle has pointed out in his books, the stock market as a whole has always gone up over the long term. This means that if your portfolio (investments) reflects the broader stock market, your investment will grow over a long period of time even as some individual stocks go down. + +## How Do You Invest in the Entire Stock Market? + +You don’t need to be a millionaire to own the entire stock market. By buying index funds that reflect the S&P 500 (which includes 500 of the largest companies on the stock exchanges), your investments (tax favored or taxable) will track the performance of the greater stock market! + +This may sound too simplistic and perhaps a bit boring, but it’s not. Regardless of your investing knowledge or perceived skill level, it is extremely important to have at least a portion of your money in index funds. Why? PROTECTION.📷 + +Nobody likes to concede to the fact that their hard earned money will achieve solely a market average return, however many individuals lack the temperament and skill to consistently pick winning stocks. + +Aside from the fact that stock picking can be difficult, there is also a time factor that comes into play when researching and managing your own money. Many individuals simply do not want to spend their weekends or time off actively researching holdings or potential holdings. This is yet another reason why index funds are important. + +## But the Stock Market Doesn’t Always Go Up! + +You’re right. There are good times (bull markets) and bad times (bear markets). The S&P 500 index fund not only guarantees you the profits made by the stock market, but the losses, too. In fact, the market cycles through periods of growth and decline. + +We are probably due for another bear market as the last one was during the 2008 recession. Don’t freak out and sell everything when it happens. We expect it to happen. Just remember that over a long period of time (say your investment lifetime) the stock market has always grown and things should pick up. Just stick to your investing plan and have confidence that good times are ahead. + +You’ll never be able to time the market perfectly, so the best advice is to invest regularly regardless of whether you think we are at the peak or the nadir (all-time low). + +## Where Should I Invest My Money? + +Like I mentioned earlier, a portion (at least your first $10,000) should be invested into index funds, and should be contributed to bi-weekly or monthly (most workplaces offer this plan). Doing so will provide you a stable foundation for your investments and somewhat of a security blanket in case some of your higher risk investments don’t pan out as planned. + +Where should you invest the remainder of your money? Well, this is highly dependent on your age, level of investing knowledge, and overall comfort level. There is no right or wrong asset class to invest in, whether it’s stocks, real estate, collectables and antiques, invest using your strengths. + +I personally like researching and analyzing stocks, I find it highly enjoyable. A set portion of my portfolio is allocated into index funds, so I am well protected, however I am not a full blown Boglehead. I firmly believe in taking calculated risks and investing into high quality companies. +Sorry if question is only sort of finance related.. + +A local massage parlour advertised a $35 massage and after asking if my wife had extras health cover they changed the price to $50. (We get $30 covered under extras). + +I would have thought this practice a bit shonky? +I see a lot of posts today asking for advice on how to take advantage of the current global market situation. This is what we often refer to as "market timing." While it can have large payoffs if you get lucky, it is generally considered a bad idea, especially on a sub like this where we generally advise for conservative management of personal finances. As a friend of mine put it, attempting to take advantage of this situation is akin to attempting to catch a falling knife. You might get lucky. Or you might stab yourself and end up with a nice hospital bill instead. + +If you are keen on pushing forward, head over to /r/investing. They are better suited for these questions. +Almost all 100x picks are by complete luck. It doesn’t matter how good or technically advanced the project is (as we’ve seen with zero utility coins like Doge and Shib). + +Once a project has already gained popularity on subreddits like this one, it’s almost certain that you already missed out on a 100x + +This doesn’t mean you still can’t profit from popular coins on this sub. But don’t expect 4 digit % gains. + +The problem is that investing in still unpopular startups could be very risky. You risk rug pulls or scams since this market is completely unregulated. +And while there are exceptions with projects with insurance backing like Solanaprime and others that can mitigate such risks, for the most part it will be risky otherwise. + +The important thing is to not get impulsive and let FOMO take control over you. Always make educated guesses and well thought out investments. This is the only reliable way to make profit long term. +Almost all 100x picks are by complete luck. It doesn’t matter how good or technically advanced the project is (as we’ve seen with zero utility coins like Doge and Shib). + +Once a project has already gained popularity on subreddits like this one, it’s almost certain that you already missed out on a 100x + +This doesn’t mean you still can’t profit from popular coins on this sub. But don’t expect 4 digit % gains. + +The problem is that investing in still unpopular startups could be very risky. You risk rug pulls or scams since this market is completely unregulated. +And while there are exceptions with projects with insurance backing like Solanaprime and others that can mitigate such risks, for the most part it will be risky otherwise. + +The important thing is to not get impulsive and let FOMO take control over you. Always make educated guesses and well thought out investments. This is the only reliable way to make profit long term. +Hi everyone. I finally took the plunge and committed to buying ETH today. Unfortunately, as I am new to crypto, I bought BTC through Coinbase instead of a more direct route. Now I have to wait until the 18th before I receive my BTC and can transform them into ETH. + +Did I miss my window? Obviously I will still transfer the BTC into ETH when it arrives in my wallet, but I'm afraid that the price will reach $10 or more in the next week and I will have missed my chance. But I guess this is still the early period, no? So I can still expect some profit? + +Anyone with any words of advice/help would be greatly appreciated. +*Okay guys, based on the replies here, I think it was a mistake to use the title I did. I don’t expect that we will drop to below 50, just that it might happen. The point is that we can never know what’s going to happen, so the best thing is to be in a position where we are resilient against different extremes and stand to do well in different outcomes.* + +*Also, some replies here argue that such a sharp price drop would be the end of Ethereum or crypto as a whole. Frankly, the idea that Ethereum would somehow be ruined if the price dropped under 50 is ridiculous. The developers and visionaries behind this project are not the type to jump ship in a bear market. Just like Jeff Bezos didn’t give up when Amazon's stock fell from $106 in 1999 to 7 bucks in 2001 (today it’s well over 1000) I don’t think Vitalik or Vlad Zamfir would throw up their hands in defeat if Ether fell by a similar %. They could give a f****k about the whims of Mr. Market.* + +------------ + +I’ve been here since January, when I heard a podcast interview with Vitalik and bought my first Ethers. Each one put me back about the price of a Chipotle burrito. + +I expected to see some gains in 5 years. Little did I know that I had stumbled into a once-in-a-generation investment opportunity. + +Fast-forward a year, and Ether is almost flirting with quadruple digits. + +Now, I am very bullish on Ether longterm. I think that *someday* we will likely see 10k and beyond. But I also think there’s a decent chance we will see 50 again before we see 5000. + +Now that might sound crazy. And maybe it is. But let’s consider for a moment how terrible we are at predicting the future. + +Look at the threads here from this time last year when Ether was in the single digits. Even the most bullish predictions for the end of 2017 rarely exceeded 50, let alone 100. Folks who predicted 700+ would have been sent straight to the loony bin. + +Now, we see the opposite: predictions like 5k and even 10k don’t seem all that crazy. Predicting a major crash though to sub 100 puts you in the minority, among Ethtraders. + +But the history of cryptocurrency is one of booms and busts. Prices shoot up then crash and then go up again. And there’s no reason to think that this pattern will stop anytime soon. + +After all, it happens in the early days of any world-changing technology. Whether the Internet or the blockchain, there is always a tug of war between reality and possibility. Between the recognition that a technology will be world-changing and the reality that it is not yet so. A tug of war between reason, fear and greed. + +I see Ethereum as a precocious kid. She is brilliant and she has all the potential in the world. But she is still young. She is learning fast but she still has a lot to learn. Some day she will fly, but today, she is still learning to walk. + +Someday she may be the world’s leading platform for economy, law, and governance. Today she is a place to collect and breed digital cats. + +Vitalik himself has said that he thinks Crypto does not deserve its current market cap....yet. + +I love Ethtrader but it can also be an echo chamber of bullish sentiment, Ethereum maximalism, and hodl absolutism. + +And I think that as a whole, our community is underestimating the likelihood of a major crash in the next few months to a year. I don't mean a 25% dip. I mean a crash to below 150 or 100 where it stays there for months or even years (unlikely but possible). + +Currently something like 40 of the top 100 cryptos by market cap, are ERC-20s and many run on Ethereum. Some of these tokens are north of 500 million or even a billion in market cap and haven’t even released a product yet. This is a boon to Ethereum in the long-term, but it creates short-term vulnerability as many of these projects will fail (most startups fail). + +In the next few months, the rubber hits the road as some high-profile dapps go live. This means that Ethereum will be tested like never before. Ethereum has exciting scaling solutions down the road (sharding, Raiden, Plasma), but we’re just not there...yet. Expect some major growing pains in the coming months. And like it always does, the market will overreact and we can expect a major sell-off. + +So let’s say that there’s a decent chance of a crash in the next year. What to do about it? + +If you are the sort of person who truly does not give a f**k about the short to medium-term e.g., you can go weeks without looking at prices, then sure, just HODL. Be honest with yourself though. I think this is true for very few of us. This is Ethtrader after all. + +Imagine Ether plummets to sub 150 and lingers there for months. If there’s been nothing but blood on the streets, red on GDAX, and bearish posts on reddit for months, it will be tough to stay optimistic. This will be especially true if at the same time, other cryptos are soaring. + +And for those of us who have the resolve to HODL, we still may kick ourselves for not taking *some* profits when it was higher so we could buy back lower. + +Now, of course the flip side is that it may keep soaring and this could be 1996 in the Dot Com Bubble. + +So this isn’t about predicting what *will* happen. After all, nobody can do that. Well, except maybe Scienceguy... + +But rather this is about situating ourselves to be well-positioned regardless of what happens. + +So what I’m proposing is to sell enough that you won’t panic sell or stress out (too much) if it crashes and that you’ll be able to buy back at a lower price. But not so much that you’ll freak out and FOMO back in if it keeps going up. + +If it drops, you’ll be able to buy back in at a discount. If it keeps going up...well you’ll still make a bunch. + +I'm talking about selling maybe 15-25% of your holdings. If it falls to a quarter of the price, you'll double your stack. This is less about the financial gain though than about getting peace of mind, which is priceless. What I mean is that if it crashes 50 or 80% you won't freak out too much, but instead will think 'oh cool I can buy back in lower.' + +But the most important thing is to have a system and stick to it. If you are in the minority who is truly immune to crashes, then by all means hodl. Power to you. + +I just don't think that's true for most of us here. + +Now some of you bought in recently and may be in the red right now. Let's say you bought at 830. + +In that case, I wouldn't sell...yet. I don't think it makes sense to sell at a loss unless something fundamental has changed or you need the cash. And I think this bull run likely has some steam left. I could see us breaking 1000 in the next month or two before a big correction. + +Of course, that’s just a guess. Anything is possible. + +So I'd say set a limit sell a bit above your buy-in price. Again, just for a small portion of your stack. If the order goes through before a potential crash then you can get some peace of mind and can buy back in lower. If not, just try to hodl through and eventually things should pan out. + +Ok guys, just my two cents. It's been a hell of a year, and in the scheme of things, we're just getting started here. Stay safe, stay hungry, and happy New Year! +For those of you that are consistently profitable over some long period of time, do you share your trading strategy with your family/relatives/friends? I would imagine there would be by default some hesitancy to share since figuring how to be trade profitably over some long period of time requires a crap ton of effort and a lot of personal sacrifice along the way. +Basically I am 24 years old, no debt, and living comfortably at around 70k a year. I am wondering if I can long-term hold this stock and make a killing (out-pace S&P) or if I'm being optimistic. I think apple is a great company with opportunities to get into the EV market on the horizon but I want to hear your thoughts reddit! (Currently up 6k) + +&#x200B; + +Edit: Average price on my stocks is 130$ + +Edit: This is a large % of my portfolio, my only other stock is in my IRA \[8500$ in VOO.\] + +Edit: well guys I decided to hold my current apple holdings and start pouring in contributions into ETF'S (VOO/VTI/QQQM) until my portfolio is balanced such that Apple is not a massive holding overall in it! I learned a ton and I really appreciate all of your inputs! +UPDATE (10.27.20 11:30am PST): So I took some of your advice and went down to a branch and spoke with a banker. I'd also like to preface with the fact that I created my account with Chase in person and not online, and when I created it, they took my ID and SS and had me sign the appropriate paperwork; I did not do it online. Anyways.. I spoke with the banker who created my account and apparently my social was blank in the system, as in it was all zeroes. So it seems it was a mistake on the side of the bank. I had assumed it was 'suspicious activity' that got my account restricted since I had personally typed in my social into the form when the account was created, but apparently it wasn't that. I went in and confirmed my ID and social, and the banker told me that after the forms are submitted, my account will be released in a few business days for normal use. As for the Zelle issue, even though it processed before the restriction was placed on my account, it bounced back once the restriction was placed. The banker told me that Zelle is holding on to it, and that it will be returned to my original account in 3 to 5 business days as well. Overall, it's been a stressful process, but going in person immediately really helped solve the problem. Thank you for your advice all, Chase is a difficult bank to work with. + +--- + +I recently opened a Chase College checking account (not even a month ago) and just received a notice that my account is being closed due to ‘suspicious activity or failure to produce needed information.’ Now... I did a quick Google search and found out that Chase is trigger happy on closing accounts and mine probably got flagged because I have been moving money from my checking account with Navy Federal into my Chase account through Zelle to keep myself afloat until my direct deposit updates. So my problem isn’t that my account is being closed, I’ll take that loss. The problem is that the money I transferred through Zelle has since disappeared. It’s not an issue of the money having never gotten to my Chase account, or being sent to a closed account. I sent the money last week and the transaction had been cleared, delivered, and completed. It cleared from both ends and showed up in my account almost immediately. I just received a notice of account closure about an hour ago through the e-statements (dated today, October 27) so the payment wasn’t sent to a closed account. I checked my account through the Chase mobile app and on a web browser and the Zelle extension confirms I received the payment, but it doesn’t show in my checking statement or activity anymore. The money is gone, and doesn’t show up in my Navy Federal account either. + +Does anyone know if the money will be returned to my Navy Federal account through Zelle? Or does anyone have a similar experience? This is stressing me because I sent most of my paycheck to my Chase account and now it’s gone. + +TLDR; I sent myself money through Zelle from one bank to another, then the receiving account got shut down and my money disappeared from both banks. What should I expect? +A short bit of background to give context on my personal situation... I’m mid 30s and in the past 7 years have gone from having a zero net worth and being generally rubbish with money, to being 3 years off my FIRE number. My approach to FIRE is very much equal parts being smart with finances as well as learning to be happy with less / being grateful for what I already have. I don’t have many outward signals of wealth with the significant exception of a big house in a nice area that I own outright with my partner. In large part because of my housing situation my savings rate is crazy high, typically c.90%. Both my partner and I come from working class / lower middle class families and have worked for everything ourselves. + +I have a full time job which I actually really enjoy, to the extent that I’m considering not stopping work at all and maybe just cutting down my hours, but that’s for another time. I feel very blessed to be in the position that I’m in, and am excited about seeing through the next few years and discovering what my life will look like when I don’t strictly need to work any more. + +That said, over the past few years something has been bothering me more and more, which is how my situation has impacted on my friendships and family relationships. + +The most direct problem, although for me the easiest to deal with, is a couple of family members have pieced together how relatively well off I am and have tried to manipulate me into funding luxuries that they feel entitled to. I’ve approached this by being pretty direct about not giving/loaning them money in these situations and if they’ve continued to push it I have distanced myself from them. Thankfully most of that behaviour is in the past. + +The more subtle problem is that I’ve found that my wealth and the approach I take to living my life has made me more distant from friends and close family, and feels like it stops me deepening those relationships. + +I think part of this stems from the basis of these relationships being rooted in a shared struggle - bonding over the trials that come up in day-to-day life that almost everyone experiences - worries about losing a job, an unexpected bill, a car breakdown etc. The problem is that by and large I just don’t have these kinds of worries any more, so at best I can offer a listening ear, and if I offer my thoughts or advice I worry about coming off as patronising. I feel on edge during these kinds of conversations now because I feel like I’m constantly having to check my privilege! + +The reverse dynamic is also in play - the worries that I used to share in conversations 7 years ago no longer really exist for me any more, so it feels like I miss an opportunity to talk about what’s going on in my life. I’m really content and if I worry about anything they’re the kinds of things that are completely unrelatable for most people, like “I worry that in a few years if I were to stop working I might lose a sense of meaning and direction in my life”, or I worry about the subject of this post! I’m smart enough not to share these thoughts out loud as I don’t think it could come across in any way other than being smug and self-satisfied. + +I also feel wary about developing new friendships for similar reasons. I’d love to meet people who have a similar outlook or are going on a similar journey, but even though my approach to life feels really sensible to me it’s still kind of, counter-cultural I suppose? + +I feel uncomfortable even writing this post as I feel like wow, what a nice problem to have that your life is going so well that you are down to worrying about this kind of crap, but here we are...! + +Does anyone else relate to this kind of dynamic and have any tips on how to navigate it? I’d honestly really appreciate it. +Thanks to everyone who helped with our last topic: "Steps to Stabilize and Exit Poverty" + +In continuation of our communal wiki build, today I would like to know: "**What are the best low-income options for transportation?**" We have had some good threads on the topic, but I want to create a formal post to consolidate ideas and see if there are other recommendations. + +As a reminder, **I'm posting a topic on most 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 improve our community. +During college football season, I tailgate with a number of friends and we've done so over the last 24 years. They're all good people. We have our group routines and share food prior to the game. However, beer / alcohol is bring your own. For the first 15\- 20 years, I bought the cheapest or nearly the cheapest beer i could find, in bulk \(30 pack, as long as it tasted ok\). + +Most of the others would stop on the way to the tailgate and get their favorite 6 or 12 pack of beer from the local store \(3x or 4x the price per once as my cheap beer\). I always put my empty cans in my cooler to collect the deposit. They often would throw their cans away or give them to a can collector. Nothing wrong with giving to a good cause. + +For much of that time, my drinking of cheap beer and keeping the returnables was the source of a lot of laughs for the group. My 30 pack was the same price as many of their 6 packs, and certainly less expensive than their 12 packs. Sometimes, one my buddies would throw their returnable in my cooler for an extra laugh. The jokes were never mean spirited and i honestly rarely cared as I laughed along with them. + +Well, fast forward to today ... after a couple recessions, college payments for kids, etc. I'm the guy drinking the weird craft beer and some of them are drinking the bulk cheap beer. Much of the time, they feel the need to justify their cheap beer choice due to kids in college or some new debt they've occured. i'll often give them one my newest craft beers for them to try as they sometimes did for me. The annual jokes have long stopped but i tell my kids the old jokes still .... save early in your life and that money saved will multiply big time! +I have a salary that would be nothing to scoff at if I didn't live in one of the most expensive cities in the country and have student loans. I make below market rate for my job and see no future raise coming, so I'm looking for new jobs. + +The issue right now is that ALL of my friends make at least 20% more than I do and most of us are in the same field. I was talking to a close friend the other day who says some of her more junior co-workers make the amount I do and she doesn't understand how they survive on it. She doesn't know how much I make but she went on and on about how it's so crazy that these people only make this amount and she wouldn't know what to do if that was her. It made me feel like shit. + +My boyfriend also makes 30k more than me. That's not a problem in and of itself but we split expenses 50/50 and sometimes he will make comments about "can you afford that?" which are well meaning but painful. I know what I can afford. It's not much. + +I feel worthless. +I think I’m going to be sued upwards of 100k.. So in 2018 I signed a contract for an off the plan block of land. This block of land is due to settle next month.. A lot has changed since I signed and because of corona I have lost my job. The future looks grim. I haven’t even been approved for finances yet as my mortgage broker can’t do anything until he can value the land, which should be this week. It’s highly likely that I won’t be able to get financed and even if I could, I don’t think I could pay it. + +The contract is not subject to finance, I cannot get a nominee and I must build a house on it within a year. The future of the property market looks grim and my land price has already dropped significantly.. I don’t think land prices will be going up anytime soon. + +The vendor rejected my proposal for a mutual recession. So if I cannot settle, I lose my deposit and can be sued the difference in price if they sell it in future for lower. This is looking to be around 100k of a loss or more. How can I get out of this without going bankrupt? I’ve worked so hard and saved up a decent amount of money to be able to finally afford a home and now it’s looking like I’ll be going bankrupt because of this. I’m going from being well off to broke because this one stupid decision paired with coronavirus and a looming depression, if I can’t escape it is going to cost me all that I have. + +I’d love to exit the contract and just lose my deposit but it’s the being sued part that scares me. I don’t know what to do :( +I'm interested to hear from people who have needed to rely on their emergency fund (EF). I'd prefer to hear from people who were/are single and have had to rely on the EF, but if you have one already but never had to use it, just mention that in the comment. A couple of questions: + +* 1 Did your EF include discretionary expenses? +* 2 Do you have dependants? +* 3 How did you cope emotionally when using the EF? +* 4 Were you able to stick to the EF budget? +* 5 What lesson/s did you learn from the experience? + +Thank you +the events in this week regarding coinbase and the relutance in batching and implementing segwit, made clear that before increasing the block size a lot of things can be made better. + +some ppl dont want to make up their bed in the morning, they want others to buy them another 7 beds for the rest of the week... +A recent post on [Best way to spark a "aha" Fire moment?](https://www.reddit.com/r/financialindependence/comments/hyqa8a/best_way_to_spark_a_aha_fire_moment/) got me thinking back to some of the ideas that first got me interested in financial independence. Thought I'd share this as it's own post as opposed to a comment on that post. + +The data from the chart below is from the book Automatic Millionaire by David Bach. I read this book 10+ years ago and the data from the chart has haunted me ever since. I think it's the best chart for communicating the power of compound interest in the ordinary lives of regular people. + +**What is this dataset?** + +Assumes 10% return on investment (more on this below). Three different people save $3,000 each year. Person A only saves for 5 years, Person B Saves for 8 years, and Person C Saves for 28 years. The person who only saves for 5 years ends up with the most money in their account. + +&#x200B; + +|AGE|Person A|Person A|Person B|Person B|Person C|Person C| +|:-|:-|:-|:-|:-|:-|:-| +|15|$3,000|$3,300||||| +|16|$3,000|$6,930||||| +|17|$3,000|$10,923||||| +|18|$3,000|$15,315||||| +|19|$3,000|$20,147|$3,000|$3,300||| +|20||$22,162|$3,000|$6,930||| +|21||$24,378|$3,000|$10,923||| +|22||$26,815|$3,000|$15,315||| +|23||$29,497|$3,000|$20,147||| +|24||$32,447|$3,000|$25,462||| +|25||$35,691|$3,000|$31,308||| +|26||$39,260|$3,000|$37,738||| +|27||$43,187||$41,512|$3,000|$3,300| +|28||$47,505||$45,664|$3,000|$6,930| +|29||$52,256||$50,230|$3,000|$10,923| +|30||$57,481||$55,253|$3,000|$15,315| +|31||$63,229||$60,778|$3,000|$20,147| +|32||$69,552||$66,856|$3,000|$25,462| +|33||$76,508||$73,542|$3,000|$31,308| +|34||$84,158||$80,896|$3,000|$37,738| +|35||$92,574||$88,985|$3,000|$44,812| +|36||$101,832||$97,884|$3,000|$52,594| +|37||$112,015||$107,672|$3,000|$61,153| +|38||$123,216||$118,439|$3,000|$70,568| +|39||$135,538||$130,283|$3,000|$80,925| +|40||$149,092||$143,312|$3,000|$92,317| +|41||$164,001||$157,643|$3,000|$104,849| +|42||$180,401||$173,407|$3,000|$118,634| +|43||$198,441||$190,748|$3,000|$133,798| +|44||$218,285||$209,823|$3,000|$150,477| +|45||$240,113||$230,805|$3,000|$168,825| +|46||$264,125||$253,885|$3,000|$189,007| +|47||$290,537||$279,274|$3,000|$211,208| +|48||$319,591||$307,201|$3,000|$235,629| +|49||$351,550||$337,921|$3,000|$262,492| +|50||$386,705||$371,713|$3,000|$292,041| +|51||$425,376||$408,885|$3,000|$324,545| +|52||$467,913||$449,773|$3,000|$360,300| +|53||$514,705||$494,751|$3,000|$399,630| +|54||$566,175||$544,226|$3,000|$442,893| +|55||$622,793||$598,648|$3,000|$490,482| +|56||$685,072||$658,513|$3,000|$542,830| +|57||$753,579||$724,364|$3,000|$600,413| +|58||$828,937||$796,801|$3,000|$663,755| +|59||$911,831||$876,481|$3,000|$733,430| +|60||$1,003,014||$964,129|$3,000|$810,073| +|61||$1,103,315||$1,060,542|$3,000|$894,380| +|62||$1,213,646||$1,166,596|$3,000|$987,118| +|63||$1,335,011||$1,283,256|$3,000|$1,089,130| +|64||$1,468,512||$1,411,581|$3,000|$1,201,343| +|65||$1,615,363||$1,552,739|$3,000|$1,324,778| + +&#x200B; + +The reason I've always found this chart so powerful and so memorable is because it strikes a balance of showcasing a few scenarios of human behavior (each of them very relatable). And it does so with values that are very reasonably attainable. $3,000 a year is money even a college/high-school aged student can realistically consider saving/investing. And for your average income of $60,000 in the US after subtracting $10,489 for taxes, gives a savings rate of like 6.1% - which is very very low when compared to typical FIRE. + +Person A contributes enough money in the 5 years to trigger a kind of coastFIRE. The 10% return is big enough that it takes that 5 years of $3,000 and turns it into a sweet 1.6 million (64,614 a year @ 4% rule). You can see already that after a couple years of not investing person A is getting about 3k+ growth per year. + +Person C is also relatable (in a more painful way!). We've probably all got regrets at the missed opportunity of starting earlier - notice the earlier you start the more years you have on the tail end where growth is crazy big! Person C pays the price for 23 additional years beyond what Person A paid, and still ends up behind. + +Ah yes, the pesky 10%. When I originally read this book - I knew basically nothing. 10% is simple because the math is easier, but is it realistic? Not really. It's too high. It overstates the case. No, you can't realistically invest $15k as a 15 year old and retire with 1.6 million. It's just too optimistic. But still...the chart isn't about pure reality - it's more about just getting a young person to wake up and see the opportunity. + +At any rate, I ran the scenarios with various rates : + +&#x200B; + +|RATE|Person A|Person B|Person C| +|:-|:-|:-|:-| +|6.0%|$263,759|$307,159|$462,384| +|6.5%|$332,014|$377,247|$525,045| +|7.0%|$417,493|$462,927|$597,082| +|7.5%|$524,434|$567,579|$679,941| +|8.0%|$658,090|$695,295|$775,287| +|8.5%|$824,967|$851,030|$885,047| +|9.0%|$1,033,115|$1,040,774|$1,011,440| +|9.5%|$1,292,484|$1,271,765|$1,151,032| +|10.0%|$1,616,363|$1,552,739|$1,324,778| + +&#x200B; + +Not surprisingly at lower rates, the chart doesn't make as strong of a point - although I was a bit surprised to see the values even at 7.5% still be as strong for Person A as they were. + +You can see at the more realistic rates (6-8%) - that the person that saves later on in life isn't at such a great disadvantage. This is because the lower the rate, the more important contributions become. + +You can also see why a savings rate of just 6.1% a year isn't enough for most people to retire (maybe if they start at 15 years old and don't stop after 5 years). + +**Conclusion** + +Even though this book/chart overstates the benefits of investing early. I'm super grateful I saw this when I did and it lead to a series of my own "aha moments" that basically explored making this chart be more realistic, and taken to an even greater extreme. Lower the realistic expected returns, increase the monthly contributions and you can end up with even more money even earlier - welcome to FIRE. +Hi all, + +I am a young man who is in a slight predicament, i am not ready for a child but i have to step up now from a boy to a man. I just need some sort of guidance, i will be honest as a can and take on board everything i see. + +I have struggled with money issues since i was 16, from having to move out on my own and dipping between homes, i am back home now which is a good start for the next few months. This led to me spiralling out of control on debts and gaining various cards/loans which i am now on top of and paying, no missed payments the past 2 months. + +I am an apprentice, so i am not on the best money but i can work as much extra as i want to. My pre overtime earnings are £18,100 or £1330 P/M after tax. Working overtime i can take home £2000+ per month, this will always be the case and will not change. + +&#x200B; + +My monthly outgoings without leisure are: + +* Car - £171 HirePurchase +* Car insurance - £101 +* EE - £62 +* Specsavers - £24 +* Fuel - £160 +* Rent - £100 +* Credit repayments - £384 + += £1002 + +&#x200B; + +* Loan 1 - £149.26pm + +Balance - £1492.60 + +Payments Remaining - 10 + +&#x200B; + +* Loan 2 - £54.11pm + +Balance - £381.40 + +Payments Remaining - 10 + +&#x200B; + +* Loan 3 - £94.83pm + +Balance - £2110.33 + +Payments remaining - 28 + +&#x200B; + +* CC 1 - £35pm + +Balance - £460 + +Interest - 30% + +&#x200B; + +* CC 2 - £50pm + +\- Balance - £962 + +\- Interest - 30% + +&#x200B; + +* Klarna - £80 +* Overdraft - £750 + +Repayments - £383.20 + +Total Debts - £6200 + +This obviously doesn't account for everything i need to pay for but this is the bare minimum. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Some beneficial factors for the next year: + +\- 3-5% bonus of my basic salary = £500-900 + +\- Potential payrise upto £21/24,000 (This will also increase my overtime rate allowing for higher earnings) + +&#x200B; + +I hope i have provided enough information for an indicator and i thank you in advance, i am terrified for the next year! I will take on board all factors and get a good, advised savings plan together being debt free. + + +EDIT (QUESTIONS): + +- From advice, I have just cancelled the contact lenses, they’re not essential I just have them instead of glasses. That is £24 p/m saving. + +- The contract is locked in, I believe I have another 5 months of this payment and it is significantly reduced by £20p/m with the add-on being paid off (Apple Watch). This will save £240 per year also. + +- I am going to look to trade in the car. I have a new(ish) car because I do over 250 miles per week for work so I was looking for reliability and it is 0 tax. But I guess I can get a cheaper car. The car is also very economical. + +- I get a bonus in March with the figure stated which will allow me to pay off a significant amount. My firstpayrise is hopefully coming in January (£22/23k). I qualify early 2023, which will give me a basic earning of £33,000 and I get overtime/shift on that. The baby will 8 months old then! + +I’ve realised that my situation is not all doom and gloom and I can sort it with the correct mindset. + +Thanks everyone. +Myself & my partner have just started apply for mortgages. I understand the base rate has just gone up, but we're getting quotes of 4.8%, this just feels really high. + +Am I going crazy or is this just the rate things are at now? + +To note: We're looking at a 90% LTV Mortgage on a new build flat. Most mortgage providers are looking for a 15%/20% deposit for new build flats, which we wouldn't be able to afford, so its only a small pool of providers who are offering 10% on New Build Flats. +It is really hard to come up with a fair market price for cryptocurrency. They don't have cashflows, don't pay dividends (although thats not so true anymore with staking rewards taking off), and don't have balance sheets to peruse. That doesn't mean we shouldn't try though! We can use transaction volume, number of wallets, dApp proliferation, total asset value hosted on a given chain (in terms of NFT), and thanks to proliferating defi tools, we can assess the total USD value of assets locked in smart contracts on a given chain. + +Because this is a post about ADA, a so-called "eth killer", I will be largely comparing cardano to ethereum (main comparison), algorand, and tezos. I'm not here to shill those coins, but based on my limited knowledge those are the projects that cardano has the most overlap with in terms of what they claim to want to do. + +Background: According to their website: " Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change. " Cardano is a proof-of-stake blockchain, much like the other projects I will compare to (eth will be soon enough). + +&#x200B; + +Metrics: (most of these are from the very useful website messari.io + + 1. Transaction volume: + +ADA: 42,395 in the last 24 hours + +ETH: 1,297,889 + +ALGO: 540,000 last 7 day average + + 2. NVT (ratio of current network value to transaction volume, lower is better) + +ADA: 12.20 + +ETH: 30.73 + +ALGO: couldn't find the transaction volume in dollars so couldn't calculate + + 3. median Fees (lower is better) + +ADA: $0.240 + +ETH: $3.98 + +ALGO: couldn't find official info but its pennies + +4. Developer activity (one-year commits) (higher is better) + +ADA: 1313 + +ETH: 793 + +ALGO: 745 + +5. DEFI net value + +ADA: 0 + +ETH: 63.77 B + +ALGO: couldn't find it - they do claim 4.5 million "Algo standard assets" on chain + +6. smart contracts/ dAPP capable? + +ADA: No + +ETH: Yes + +ALGO: yes + +7. L2 scaling + +ADA: No + +ETH: yes + +Algo: no? + +7. Market capitalization + +ADA: 54.8 billion USD + +ETH: 305 billion USD + +ALGO: 2.82 billion USD + +&#x200B; + +I've got to do actual work so I'm not gonna add Tezos but here are my take-aways from this exercise: + +In terms of NVT, ADA holds up very well compared to peers - lots of money is being transacted on ADA - thats relatively bullish. The rest of the functionality that delivers value for these projects is lacking: no defi, no smart-contracts, no gaming, no NFTs, no L2s to handle scaling in the future + +The bull case for ETH to continue to build on its quite high valuation is that the DEFI / DE-insurance / De-gaming industries will blow up and the value of the ETH network will explode as a result. + + +What is the bull-case for ADA to coninue to grow? I think its basically the same as for eth - which means that the bull case for ADA relies on technology they haven't implemented yet! thats what makes it so speculative relative to its peers. Even a small-cap like Algo is already running a pretty expansive NFT marketplace and boasts more transaction volume than you see on Cardano. + +It is possible that ADA will continue to outperform peers and take over the world just based on continued good marketing and the overwhelmingly positive sentiment they have built-up but I'd rather not risk funds in a project that relies so heavily on sentiment to prop up the price. + +My instincts tell me that the current price of cardano is already baking in a lot of good news down the line - seemless smart contract rollout, L2 scaling that makes cardano scalable to a much much much larger transaction volume etc. Why would you invest in a project that requires so much to happen just to justify where it already is even relative to other speculative crypto projects? + +On their website they claim that cardano is a third-generation blockchain, intelligently developed and the only proof-of-stake protocol "backed by science". I'm not about to do a blockchain lit review to evaluate that claim but it strikes me as marketing hoopla with very little substance. As a scientist myself my bullshit radar goes up to 10 whenever something claims to be "backed by science". + +&#x200B; + +TLDR: If you want to invest in a next-generation blockchain project, invest in one that actually delivers a next-gen product now: Matic/Eth, Algo, Tezos, instead of one that hopes to deliver a next-gen product someday (ADA). + +Edit: be safe out there- army of shills patrolling the comments. +I'm 20, still in university, I have no debts and my only bills at the moment are small. I want to use this money to the best of my ability. I have a help to buy ISA, and I know I can only add a certain amount of money per year. However, becuase I have only just found out, I'm yet to contact my bank and find out the details, and I assume they're all closed by now. + +I want to save and protect this money, and find the best way to build interest to support myself after university, for a house or whatever else I may need. What would be the best way to achieve it? +Many investors who previously had 5% of their networth in gold are allocating an additional 5% of their net worth to bitcoin. Investors are starting to allocate the same amount of capital to bitcoin as they have allocated to gold. + +Golds market cap risisng from $10T to $25T is a given during a period of high inflation and financial uncertainty, and if investors are allocating the same amount to both gold and bitcoin then theres nothing to stop bitcoins market cap also rising to $25T. + +That would mean a 25x rise from this point and price per bitcoin above $1 million. + +Investors simply allocating the same percentage of their networth to bitcoin as they do to gold in an inflationary environment could easily mean a bitcoin price above $1 million. +I'm looking to move out of my parents house for the first time and live alone. Doing a house share is not an option. + +For studio and one bed flats in my area they seem to start at £400 pm. + +I'd spend about £50 on travel each month, I can be flexible with the amount I spend on food and I'd like enough disposable income to be able to still enjoy life. Nothing crazy, just be able to go out for dinner and get drinks occasionally. My phone bill is £30 a month, but other than that I don't really spend my money on a lot. And I'd like to be able to save a small amount each month. + +What would you say would be an ideal amount of rent to pay? + +I'm happy to become more frugal if it means having my own space. +My gf and I are first time buyers looking to buy a house within the next 2/3 years. We have a combined income around 55k a year and a deposit saved of around 75k. From doing the maths I think we should be able to get a mortgage for a house costing around 300k. Unfortunately we live in an Cambridge where the average house price is £542,576. My gf is a self employed private piano teacher and has a grand piano that gets played 5+ hours a day, which means that flats and mid terrace properties probably wouldn't be suitable for us as we would piss off our neighbours. Atm we live with my gf's parents who have a detached house in a nice area, which means that most of her 40+ weekly students are also in this area. If we move too far from where we live now then it's likely that most of her students would choose to change to a different teacher more local to them, in which case she'd lose most of her income and have to start again. Is there any way we can get a mortgage for a more expensive house? +Have you done this? +At work my role no longer exists and I am being asked to move to a new role but on a different career track, requires different skills and will mean retraining and a steep learning curve. +I am thinking about declining the role but I guess that places me at risk of redundancy as they won’t pay me to sit around doing nothing. Part of me thinks that because of everything that is happening I would be mad to risk unemployment. +What's the best 'investment simulator' where you don't invest real money, and what would be a good step up from there if I wanted to invest small amounts (under £50 a month) as a little hobby? + +Reality check: I'm not expecting to make much with this (and accept that it's possible to lose it all) and I'm fully aware that it's better to just shove money into a passive tracker and wait for the slow but steady gains. This is for building my knowledge in investing, business and finance. It would be great if the trading fees weren't exorbitant so that I do actually stand a chance of making some money if all goes well. +. + +I DCA into the stock market in index funds and will continue to do so at levels I have previously. + +I have large amounts of excess Unallocated cash. I want to have dry powder in 2023 and rather than leaving it as cash I thought I would look into bonds. + +So I have been looking at the OTC bond market. Returns for 6-12 month maturing bonds are 5% to 7% YTM + +This would allow me to mitigate paper losses on inflation and allow me to emerge with more dry powder in 2023 + +Considering I think the bear market will continue for 6 month do you think this is a good plan? +Do you use a broker like vanguard or fidelity, or a platform like trading 212 which gives you access to individual stocks and etf’s from many companies. + +I’m looking at buying some VWRL or the global all cap and VUSA but I’m not sure wether I should buy through trading 212 or Vanguard. + +Is there any benefits of using Vanguard over trading 212, I can’t think of any. Will it still be the same expense costs and compounded through Trading 212? +I'm looking for a straight forward answer to a question I imagine lots of you guys could answer. + +I am investing in stocks via an exchange. I'm now beginning to make profits and reinvesting profits into new markets. If I were to make a profit above the threshold for tax and immediately tie this money in stock purchases, would I still be liable? + +At the moment this is entirely hypothetical, but I can only dream. +As the title suggests - presumably US inflation fluctuating will further weaken the dollar against the pound, reducing /negating profits? + +Now the S&P500 tends to grow a lot faster than the FTSE100, so would it still work out more profitable to invest over there? + +Still getting my head round how currencies impact the market, so apologies if its a stupid question! +Hi everyone. I’m 23 and just started my first graduate job and starting to look at investing. I know these are quite different in that ones actively managed and ones passive but what would you recommend for a first investment? Fundsmith returns seems great, albeit a little bit more risky? These would be long term investments of 5+ years. Thanks ! +I want to open a SIPP to transfer over my workplace pensions from my previous jobs, however they all seem so expensive with annual admin fees + transaction charges etc. + +Why hasn't SIPPs seen the same level of cost reduction benefits from competition that ISAs and investment accounts have seen over the past few years? + I have managed to accumulate a good bit of capital and i've realised that most people with a bit of money prefer to park their cash in property rather than stocks and bonds for the most part. I do worry about my investments in stocks, bonds and REITS and would prefer to have some cash in the less volatile world of physical property. + + +Can anyone recommend some good starter books for UK property investing? Not the quasi motivational get rich-with-a-gimmick-kind but one that gets right into it and assumes you have some money to start with. Also it should be updated according to the new legislation. There's something on the \[Tax Cafe\](https://www.taxcafe.co.uk/) website i'll likely get. Any other good starters? +I posted most of this in a comment but thought i'd make a post to see what others thought about this. + +As we know Aston Martin is obviously in pretty bad financial trouble. However my prediction is that it will get aquired by Mercedes. You could say they were positioning themselves for a takeover: + + +* The new incoming CEO, Tobias Moers, is from Mercedes - he was the CEO of AMG and already owns a 5% stake in the company. +* Lawrence Stroll, who basically bailed them out with a £500m investment, has close ties to Mercedes. +* The Racing Point F1 team is going to be re-branded as Aston Martin next year, and the car uses a Mercedes engine. Lawrence stroll also owns this team. +* The team principle of Mercedes, Toto Wolff, has a stake in Aston Martin. There were even rumours that he would leave the Mercedes team to become the team principle of Aston Martin in 2021, but he denied it. Wolff is also a friend of Lawrence Stroll. +* If Aston Martin was aquired by Mercedes, it would significantly reduce their overall costs, espeically regarding building the cars themselves. They could use parts and technology from Mercedes, many departments could be merged or replaced by existing Mercedes departments etc. + +Aston Martin is an iconic, classic British luxury brand. When these brands get into financial difficulty, they often to get aquired. Bently is owned by The Volkswagen Group, Rolls Royce Motor Cars is owned by BMW. I think the reputation of the brand will help it survive. + +Natrually it's high risk, they could go bankruput soon, but according to announcements the company has made, they have sold off some cars recently, gained even more funding within the last week or two to keep going. + +The new SUV that is said to enter production this month could also massivly help AML, some have said it will be a major factor in scraping the company off the floor. + +What do people think? Obviously there's nothing but rumours on this, if that, but I reckon a takeover is possible. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +[https://www.youtube.com/watch?v=V7jMvWTwe6Y](https://www.youtube.com/watch?v=V7jMvWTwe6Y) + +Hello UK Investors! + +I've created a new YouTube channel (and hence created a new reddit account to associate with it) and have made a video showing my qualitative and quantitative analysis on British American Tobacco, the second largest Tobacco producer in the world by market capitalisation. + +The stock is currently trading at levels similar to the lows of the Covid-19 crash and in the video I discuss whether I think it could be a value play, or a value trap, and also provide my intrinsic value calculation using a combination of the discounted cash flow model and future earnings multiples. + +I'd appreciate it if you spared some time to take a look at the video and let me know what you think, but a couple of the points I cover are: + +**Risks:** + +\- The Biden administration are considering the banning of menthol cigarettes, which account for 55% of BAT's cigarette volume in the US. Furthermore, a research study estimates that banning menthol cigarettes will result in 923,000 US smokers to quit, significantly damaging BAT's top and bottom line. + +\- There are proposals for increased regulatory action on tobacco producers to significantly reduce the amount of nicotine in cigarettes, reducing their addictiveness and again harming sales and profits. + +\- A general trend of increased health consciousness and move away from traditional tobacco products, though the trend of cigarette smokers worldwide still appears to be increasing. + +**Opportunities:** + +Key opportunity being a move into the cannabis sector following BAT's acquisition of a 20% stake in Organigram. + +New category products such as non-combustible/vaping products. + +**Quantitative analysis:** + +My discounted cash flow shows a potential significant upside in the stock, but using a future earnings multiple approach actually shows a significant downside, with the true intrinsic value likely falling somewhere between the two. + +Whether you guys watch the video or not, I'd be interested to hear what your thoughts are on BAT. + +Thanks! +So i have seen that Airbnb has confirmed plans to start trading on the US Stock Market. + +The company has been hit hard by covid. But could be a good opportunity to buy and hold. What are peoples thoughts on this? +Hi, I'm new to investing, so just looking for some advice - I want to mainly stick to ETFs that will serve the long term because I don't know enough yet to venture outside of this. + +I'm based in the UK and using the Freetrade App. My thoughts are to initially invest in the following: + +- VUSA - £1000 + +- EMIM - £700 + +- INRG - £500 + +- RBTX - £300 + +There are a lot of ETFs that I like the look of but they are only available with a Plus account, which I don't want to spend £10 a month on. I'm thinking to invest in the following once I can create a Trading 212 account (assuming they are available on that platform): + +- CHRG (batteries) + +- AIAG (artificial intelligence) + +- ESGB (esports) + +- ISPY (cybersecurity) + +Any advice on ETFs would be appreciated! + +I was then thinking to possibly initially invest ~£500 into 1-3 individual stocks (which don't overlap with the above). I'd be willing to take some risk here as it would also be partly for some excitement. + +Honestly the whole process of investigating companies to determine whether to invest seems complicated, so I'm wondering if there are any particularly resources/YouTube channels/etc. to use to learn how to do this? + +Thanks for any advice :} +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Anyone like to share their thoughts and opinions on BP atm ? ( and any oil stocks in general ) +I invest mostly in index funds but use freetrade for a bit of a play around. I currently have 22 shares in BP and was wondering if anyone thought it was a strong buy rn ? +My DD ranges from basically checking forecourt prices 🤣 +I see today bp used low carbon funds to find fossil fuels... +strong buy ? Hold ? strong sell ? +Thoughts pls +Usually if work messes up an employees pay they add it on to next months wage . In this case they have underpaid me by a third. Do I have the right to demand they pay me this immediately ? Are there any regulations relating to this I can quote if I have to? Thanks . +The whole article is worth a [read here](https://www.theguardian.com/money/2018/dec/22/lithuania-iceland-banking-revolut), but the key excerpt is this: + +> Last week, London-based Revolut, one of the fastest-growing smartphone-based banking services in the UK, announced it had obtained its European banking licence and will start accepting deposits as it “edges further towards its goal of becoming the Amazon of banking”. Revolut is based in London’s Canary Wharf, here so you might expect its licence would come from the nearby Bank of England. But no, the new licence is from the Bank of Lithuania. + + >Already Revolut has 3 million customers. That’s more people than the entire population of Lithuania – and it transacts more business every year than Lithuania’s entire GDP. + +> Revolut, in its press release, boasts that “the new banking licence will allow its customers to start depositing their salaries, which will be protected up to €100,000 under the European Deposit Insurance Scheme” (EDIS). The release makes no mention of Lithuania. + +> But the thing is, EDIS is just a proposal made by the EU in 2015. As a Europe-wide guarantee of deposits, it doesn’t yet exist. It is understood that some EU countries, led by Germany, have blocked its introduction, understandably concerned that they will be the backstop if other countries’ protection schemes fail. + +So your Revolut funds are essentially dependent on the Lithuanian scheme's ability to pay up in the event of a collapse. Given there are more Revolut customers than the Lithuanian population – plus recent history in Iceland – I'd be pretty wary of this. + +Personally I'll continue to use Revolut for smaller amounts for travelling, but I'll be staying away from putting larger amounts in until there's full protections. + + + +After RC mentioned the stock so heavily, my gut tells me the OG will be returning. If it’s safe enough for RC to come this close it has to be safe enough for the King to talk about his favorite stock. May be wishful thinking, but it seems the everything is about to burst wide open. As always BUY HODL DRS, love you apes. + +Source: + +RC interview: + +full video: +https://youtu.be/uN2Dw8AOdMk + +RC quote about the Standstill Agreement: +https://youtu.be/uN2Dw8AOdMk?t=2250s +(37:30) + +**Wikipedia:** +>>Standstill Agreement: + +>>https://en.m.wikipedia.org/wiki/Standstill_agreement + +>>The term standstill agreement refers to various forms of agreement which businesses may enter into in order to delay action which might otherwise take place. + +>>A standstill agreement may be used as a form of defence to a hostile takeover, when a target company acquires a promise from an unfriendly bidder to limit the amount of stock that the bidder buys or holds in the target company. By obtaining the promise from the prospective acquirer, the target company gains more time to build up other takeover defenses. In many cases, the target company promises, in exchange, to buy back at a premium the prospective acquirer's stock holdings in the target. + +>>Common shareholders tend to dislike standstill agreements because they limit their potential returns from a takeover. + +>>Another type of standstill agreement occurs when two or more parties agree not to deal with other parties in a particular matter for a period of time. For example, in negotiations over a merger or acquisition, the target and prospective purchaser may each agree not to solicit or engage in acquisitions with other parties. The agreement increases the parties' incentives to invest in negotiations and due diligence, respecting their own potential deal. + +>>Standstill agreements are also used to suspend the usual limitation period for bringing a claim to court. + +**Investopedia:** + +>>Standstill Agreement: + +>>https://www.investopedia.com/terms/s/standstill_agreement.asp + +>>What Is a Standstill Agreement? +A standstill agreement is a contract that contains provisions that govern how a bidder of a company can purchase, dispose of, or vote stock of the target company. A standstill agreement can effectively stall or stop the process of a hostile takeover if the parties cannot negotiate a friendly deal. + +>>The agreement is particularly important because the bidder will have had access to the target company's confidential financial information. + +>>KEY TAKEAWAYS +>>A standstill agreement is a contract that contains provisions that govern how a bidder of a company can purchase, dispose of, or vote stock of the target company. +A standstill agreement can effectively stall or stop the process of a hostile takeover if the parties cannot negotiate a friendly deal. +A company that comes under pressure from an aggressive bidder or activist investor finds a standstill agreement helpful in blunting the unsolicited approach. +Understanding Standstill Agreements +A company that comes under pressure from an aggressive bidder or activist investor finds a standstill agreement helpful in blunting the unsolicited approach. The agreement gives the target company more control over the deal process by prescribing the bidder or investor's capacity to buy or sell the stock of the company or launch proxy contests. + + +>>A standstill agreement can also exist between a lender and borrower when the lender stops demanding a scheduled payment of interest or principal on a loan in order to give the borrower time to restructure its liabilities. + + + >>A standstill agreement is a form of anti-takeover measure. +In the banking world, a standstill agreement between a lender and borrower halts the contractual repayment schedule for a distressed borrower and forces certain actions that the borrower must undertake. + +>>A new deal is negotiated during the standstill period that usually alters the loan's original repayment schedule. This is used as an alternative to bankruptcy or foreclosure when the borrower can't repay the loan. The standstill agreement allows the lender to salvage some value from the loan. In a foreclosure, the lender may receive nothing. By working with the borrower, the lender can improve its chances of getting repaid a portion of the outstanding debt. + + +>>Example of a Standstill Agreement +A recent example of two companies that signed such an agreement is Glencore plc, a Swiss-based commodities trader, and Bunge Ltd., a U.S. agricultural commodities trader. In May 2017, Glencore made an informal approach to buy Bunge. Shortly after, the parties reached a standstill agreement that prevents Glencore from accumulating shares or launching a formal bid for Bunge until a later date. + +>>***In 2019, the video game retailer GameStop signed a standstill agreement with a group of investors who wanted changes in the company's governance, believing the company had more intrinsic value than the stock's price reflected.*** + + +>>Other Standstill Agreements +In other areas of business, a standstill agreement can be virtually any agreement between parties in which both agree to pause the matter at hand for a specific length of time. This can be an agreement to postpone scheduled payments to help a business weather difficult market conditions, agreements to stop producing a product, agreements between governments, or many other types of arrangements. +Hello, + +My employer has withheld 401(K) from my paycheck for the last month, but I do not see it in my 401(K). I'm roughly 35 days late on the 401(K) withholdings for the mid June payroll. + +I have reached out to the HR division and they are not providing any more assistance, but they're not providing any insight. + +Should I file a department of labor claim? + +Thank you + +/u/amskhan + +Edit: all I opened a case with the Texas department of labor. They are reviewing all my stubs and going to resolve the problem for me. + +Edit 2: apparently the company was sold 2-3 days after my last day. They are slowly covering the balance due. + +Thanks! +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. +Eyerolls. Everytime you open your mouth eyerolls. Yet you never stop. Block this, block that, immutability, decentralisation etc etc. People don't want to be educated, they don't care and they don't have to. + +How many of you know how the internet works? Or electricity? Or even your phone? Yet you use each one everyday, they're staples you couldn't live without them. If you want to convince people about crypto you have to talk their language. Rather than teaching people how it all works teach them how it will change their lives. + +If you're talking bitcoin talk about no more ATM fees or currency conversions no more international transfer fees. If you're talking ethereum explain how it's money with rules embeded no middle men no convenience fees. Iota talk about cars booking and checking themselves into services, the sharing economy etc etc. + +Talk use cases I guarantee there'll be alot less eye rolling +Yesterday I made a post about why [coin price does not matter (on its own) and that you should look at the market cap instead](https://old.reddit.com/r/CryptoCurrency/comments/nd0yx2/dear_newbies_are_you_looking_for_a_promising_coin/). I was really surprised how it turned out: + +* it got really, really popular (currently over 8k upvotes and it even reached the front page of reddit) +* at the same time, nobody read it? + +I've never seen something like that, more than 90% of people who replied obviously just read the title (it was not just me, some people commented that they were confused about the lack of reading comprehension or sent me DMs or chats - thanks for that, I thought I was going crazy). People were telling me that I shouldn't judge people for buying shitcoins or that they "agreed with me" that people should not buy shitcoins (not what the post was about), that they bought something like ADA or MATIC when it was below $1 and made a ton of profits (not what the post was about) and of course, most of them just shilled their coins, either saying that they are good, even though they are below $1 or agreeing with what they think was my poiont and shilling stuff like NANO which costs more than that. + +As people seemingly only read the title, I will try again with this one. I bought ADA at $0.25, I have LTO, there are great coins below $1 (because coin price doesn't matter). Even if your coin is bad, it's totally fine if you buy it and want to make profits, it can work out perfectly, look at how Doge did! The real message was that, for example: + +* Doge: coin price $0.52, market cap 67.5 billion USD: **NOT CHEAP** +* Safemoon: price $0.000009, market cap 5.2 billion USD: **NOT CHEAP** + +But on the other hand, a coin with a high price might be cheap (and please don't buy this one, I have no idea what it does, just picked random coin with a high coin price and relatively low market cap): + +* Xiotri: coin price $1,390, market cap about 5 million USD: **CHEAP** + +Xiotri is 1,000 times cheaper than Safemoon and more than 10,000 times cheaper than DOGE. It's about market cap. Please, feel free to buy your coins worth $0.00000000001 with 1,000,000,000,000,000,000 tokens in circulation, maybe some of them are good! But know what is "cheap" and what isn't! +Like a lot of people here I started trading last February (2016) having no idea what I was doing trying to day trade penny stocks on Robinhood. I had $100 in my account and ended up losing $20 before deciding I really needed a new strategy and to figure out what I am doing. + +Eventually I found this youtube channel that I wish I would have found the first day I started to look into trading stocks. It takes you from the very basics of what a stock is, to explaining common terms, to determining the value of a stock. The videos are very easy to understand and I highly recommend watching them in order and not skipping any (including the ones about bonds which seem boring but are actually way more awesome then you might think, I thought about skipping that video before watching) + + +If you aren't a huge fan of reading books and are much more of a visual learner like me this is the way to get yourself started. Try to really make sure you understand the video you watched before going on to the next one. I've gone back and re-watched a few of them to get better understandings. + +https://www.youtube.com/watch?v=KfDB9e_cO4k&list=PLECECA66C0CE68B1E + + +Hey fellow degenerates. I’ve been seeing some reports that 100s of millions of GME haven’t been covered yet. The Melvin Capital guy just (“under oath”) stated that prior to buying restrictions placed on GME by brokers, they had exited all their positions. However, I wasn’t convinced with that because the price kept going up for a bit (someone correct me if I’m wrong please). While seeing a lot of positive DD about this whole situation is good, you have to admit that it’s a little worrying when there’s not even a bear DD on this case. + +I’ve seen some due diligence on here and as good as been good and reassuring to read, I’m someone who likes to be realistic with everything including what’s happening with GME. I would like to do my own due diligence and find out what’s happening through my own research and have decided to start here by getting the perspective of those who have done their own DD. + +PS: Question to those who are up to date with the GME numbers: Say if it’s true that Melvin exited all their positions, can it be argued that these $350 million of uncovered worth of shares were placed when GME hit $450+ highs and that these positions will then be covered when shorts have driven the share price to a low price (this would make sense because buying of GME was restricted) . If true that would mean those who are still holding are just bag holders right? + +Edit: meant to say $350 million worth of shares on 350 million shares. +Final edit: I have debunked myself. Check out the [new post here](https://www.reddit.com/r/Superstonk/comments/nw7t2u/etoro_statistics_show_that_retail_owns_about_75/) with the updated information. TLDR is that retail owns 75 million share on April 15th and it's far more accurate. + +~~Quick little math here. Not sure how many of you here are on the live stream, but Atobitt talked on stream about how brokers can simply not submit your votes and pay a small fine. Nevertheless, let's take a quick look at the numbers.~~ + +~~GME reported 55 million votes this year.~~ +