diff --git "a/reddit_finance_43_250k_398.txt" "b/reddit_finance_43_250k_398.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_398.txt" @@ -0,0 +1,10000 @@ +~~The float is \~41million. We know Blackrock, and various other institutions~~ **~~are NOT voting this year because they are lending out their shares. If you lend out your shares, you lose your voting privilege.~~** ~~It seems unlikely the short-sellers plan on voting, as they know we want to see a high vote number.~~ + +**~~Edit 4: YES I AM AWARE THE PEOPLE WHO BOUGHT THE SHARES FROM SHORTED LENDED SHARES CAN VOTE. Those people are part of retail.~~** + +~~Etoro has stated that 63% of eligible GME shares have voted (Disappointing, I know).~~ + +[Non-reddit GME holders?](https://preview.redd.it/k9zjjn7j0b471.jpg?width=683&format=pjpg&auto=webp&s=d96c10baaf7eca0a0e7bfbffe69b5aae2fd2edcc) + +~~Etoro can be used as an accurate representation of what GME holders do in general, simply due to the sheer number of people on Etoro.~~ **~~This is because Etoro's large number of customers is an extremely good sample size for statistical significance.~~** ~~Statistical significance requires at least 100 people, Etoro has a few more GME shares than that.~~ + +~~If we assume only 63% of eligible voters voted, then the total number of shares is 88 million.~~ + +~~That's about 215% of the float. Even with all the fuckery, we still own it. Don't forget, this was back in April.~~ + +~~Buy. HODL. Buckle up.~~ + +~~Edit: Some slight word fixes for better clarification.~~ + +~~Edit 3: Further clarification for some smooth brains.~~ +Preamble: Not FIRE, but definitely FAT related, so feel free to downvote/remove if this is the wrong sub + +Long story short, I'm looking to move from SF to one of Boston, NYC, or Seattle. I have attractive career opportunities available in each, so I'm starting to think about how the city itself would impact my decision. + +Weather is an obvious one, and I've already googled it, so let's ignore that for now. I'm thinking more about how the locations will affect quality of life. In particular, commute and child education/rearing are the biggest factors I'm considering right now. + +In each location, I'll have the choice of living in the city (e.g., Boston/Cambridge, NYC, Seattle) or a local suburb. Similarly, the choice of where to live will likely impact the school my kids attend (e.g., public vs private as well as which one). While they're young now, the aim would be to remain in the home we choose for the foreseeable future. + +For those of you in these areas, assuming money is no concern, how would you think about the trade-offs? Are there particular suburbs / schools I should be focusing my attention on? + +EDIT: To be clear, I'm not really looking to compare cities; I'll be doing the due diligence myself there obviously. I'm more interested in everyone's experience with the city / suburb trade-off in a given locale (and thus focusing my search / evaluation). +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. +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. +I had a small lunch the other day before I flew home, I left a $5 tip but when I checked my bank account later in the week it was far more than what I paid. I called the restaurant(outback statehouse) and they assured me I had given a $50 tip. I know for a fact I didn’t lol, she emailed me my recite with proof I had given $50 but I know the waiter must have added a extra 0. +After the manager was extremely rude she said she was gonna refund me that day I haven’t received anything. I have called a few times mostly the line is busy or apparently the phone drops when I ask about the refund. I can’t go back in person as I was on vacation. What do I do? Call my bank? +I just read [this article in Financial Advisor magazine](https://www.fa-mag.com/news/choosing-the-highest--safe--withdrawal-rate-at-retirement-57731.html?section=40) by Bill Bengen and he shows that it is often possible to have a much higher SWR than the 4.5% he originally advocated (see [this AMA with Bengen on the FinancialIndependence sub](https://www.reddit.com/r/financialindependence/comments/6vazih/im_bill_bengen_and_i_first_proposed_the_4_safe/) for his explanation as to why it's 4.5%). + +One note of importance to this sub is that for early retirees such as ourselves the SWR is typically reduced a bit (Bengen also explains this in the AMA). It's usually reduced because the original study was only concerned with a typical 30 year retirement. + +Here on FatFire I think we have the potential to grow our portfolio significantly over the lifetime of retirement leading to a much higher value at the end which is one of the criticisms of the 4.5% rule. "The '4.5% rule' has sometimes been criticized for “leaving too much on the table.” In other words, the retiree was left in many cases with so much wealth at the end of retirement that the withdrawals could clearly have begun at a much higher rate." + +So how am I using this information to be conservative? I'm not entirely sure yet but it seems reasonable to start with a 4% SWR but each year (or every couple of years or every five years) to compare it to my expected returns and then increase or leave the 4% alone. + +What's your take? +I'm realy confused, everyone is saying crypto is the new thing, it will change our lives forever, its just in the beginning and there are a lot of plans for the future. + +People who are in it for the tech are angry at people who are in it for the money... but what else is there? Bitcoin has been out for 10years and I have seen nothing exept dolar signs when someone mentiones it. What can crypto do except "SmArT cOnTrActS" everyone talks about wich I have no clue what they do because noone has given me a real answer + +I am invested in crypto, and I am only here for the money untill this ship sinks. With the rise of new scam coins every day and rugpulls I realy dont see any real use for crypto, I mean who uses Bitcoin or Etherium for anything practical? Do these people exist? Who makes changes and leads a project in any direction? What can a normal person do with it except sell it?how can businesses make use of it? + +But I'm mostly confused by the "anonimity" aspect of it, it has none, any bank is more anonymous than any crypto ever, at least they dont let scammers know my balance information with a simple search + +And every day I hear about crypto programmers, whole college classes devoted to crypto and how to make use of it, is anyone here a crypto programer, wtf do you do and how do you make money when not scamming people with your "Elon coins" or "NFT pictures"? There are a million different coins all doing something different but in the end they do absoulutely nothing, nor will they ever have a purpose except having a price. Look at Bitcoin, wtf is its use except to transfer money with a huge transfer charge... ohh you might say its faster and more secure, but it is neither faster nor more secure, it takes one typo in the adress that looks like this "35bSzXvRKLpHsHMrzb82f617cV4Srnt7hS" to lose everything! + +I want someone who actualy works in this field to give an answer, not a random guy who invested 100$ and claims to know it all +A few months back, there was a dude who invested $8K into a memecoin and ended up being worth around $5.7B (which obviously he couldn't cash out without destroying the market and lowering the price). + +Anyway, I wonder how he was able to HODL till it has reached that price. Did he just forget about it? Lost the seed? + +I would have sold at 16K, 100K, 1Mil, but definitely could never hold until it's billions. + +How do people do it? + +Everyone saying they wish they bought Bitcoin in 2011, would never have held till today. + +**When would you have sold? How do you know when to take profit and when to wait? Is it just pure luck?** + +*Reposting without the coin's name because it's not the point* +I'm 26 and I've been working at my job for about 5 years now. Currently, I have about 58 bucks in my checking account, which is all the money I have to my name. I have rent, bills, car payment etc. which I always pay 100% on time and am never late, thankfully. However, I have zero money saved. I'm already a bit of a hermit but I suppose I tend to splurge on things I really don't need. (got a mint account and saw I spent $375 dollars on fast food last month alone) + +Realistically, after rent, car and bills I should have an additional $800 left over for the month for food/gas but I am always right at zero dollars whenever payday rolls around. I want to get started on a budget but I really have no idea where to start. I've actually never gone grocery shopping before either. I feel like it's partly how I was raised, parents never really had money, and didn't care about the money they did have. + +Where do I start? + + +Edit: I'll edit here so everyone can see - I will end up making right at $1400/mo. Car 150, bills 190, rent 260. That leaves me with the bulk of about $800 left. The entirety of what I have left goes to gas/food. I don't buy myself things that often - a new video game every month maybe. I also stay at home 6-7 nights out of the week usually. I know I should be WAY ahead of where I'm at but I just don't know how to start - it's basically a full lifestyle change. + +Edit #2: Thanks for all the helpful advice so far ya'lls. I can understand some of your frustration, it's not easy to deal with someone who seems like they don't want to help themselves but that is honestly the furthest thing from the truth though so again I appreciate all of your input and I will continue to read through these and take all of the advice you give to heart. +Hi there, looking for some advice around buying a home in the current housing market. We are first home buyers (and completely unfamiliar with the process) and interested in a property in Melbourne's inner west. The house was scheduled for auction early December, but the owners decided to postpone the auction to end of Feb (officially because it takes a lot longer for people to organise loan (pre-)approvals at the moment). + +We would like to place a private offer. With the house prices trending downwards, how do we determine the right offer? What happens after we place an offer? + +And is it really a lot more difficult for first home buyers to get their loan approved at the moment? We have enough in savings to cover a 20% deposit. + +Thank you for your advice, much appreciated. +I'm currently shopping for new car insurance. For some reason moving house about 5minutes away made my insurance go up $11 a fortnight and they couldn't give me a reason as to why over the phone. Hence the quote shopping. + +Ok here's the tricky part, when inputting data for a new quote a provider will ask you who your most previous insurer was, I then finish up and see the resulted quote. I don't like it. I go back and change one field; the most previous insurer field. I did this a few times and by trial and error this changes my quote just over $200 p.a depending on which previous insurer I select. What a sham. + +And now for my question. In the duty of care to not make a misrepresentation section It harps on about answering questions truthfully blah blah. Could they actually use someone incorrectly filling out the most previous insurer field as a reason to reject a claim when it comes down to it? + +It literally changes nothing, but I assume, knowing who my previous insurer was allows you to give me a quote that is the maximum you think I'll pay whilst ensuring it is cheaper than my current insurer. + +- Thoughts? +- Any idea where I can get the decent comprehensive insurance, without overpaying these sham insurers? +Sold $128K of stocks in March, and unfortunately put $57K of it back into the market in June. Original plan was to put the other $71K into index funds, but after seeing the market drop in August I figured I should consider putting them back into stocks that are likely to bounce back up. + +== + +What I sold in March (128K total): Assorted tech and entertainment + +http://hellomoney.co/portfolio/ac919c-partially-sold-on-mar-15?type=amount + +== + +What I bought in June (was 57K, now 55K): Long growth and some recent IPOs + +http://hellomoney.co/portfolio/83c9f6-1st-shopping-list-on-june?type=amount + +== + +Standby watchlist (71K budget): Staples that dropped + +http://hellomoney.co/portfolio/773282-2nd-shoping-list?type=amount + +== + +Thought we’d see some signs by now… however it’s been a month and there’s no clear indication whether the market’s going up or down. I know a lot of you are also waiting with some cash in hand. What signs are you all waiting for? + +EVERY TIME there is good news about bitcoin its in the red. Is this not proof that the whole market is manipulated by something other than adoption? Think about every time there has been good or GREAT news about bitcoin. Its almost ALWAYS red. At this point if amazon took bitcoin today I can see the price dropping. + +We all want adoption but it seems to be the Achilles heel of bitcoin. Not even to mention the purpose of bitcoin is to fight inflation and our inflation in the US is getting worse and worse and what's bitcoin doing............................. + +You guessed it + +its gone down. +In fact, I don’t think these JPEGs should be valued for more than 5 digits. And most of the time its not the market that’s setting these prices. They’re usually inorganically inflated. + +This is exactly why NFT like Bored Apes are so hated. I think the only valuable thing about Bored Apes is the access to exclusive places and contacts but thats it. + +Even then, I think this “exclusivity” is REALLY inflated when there are NFTs like Habtoor’s Last Hopium offering almost the same services and exclusivity for much less. + +I don’t want to use the word “bubble” cause NFT do in fact have a lot of applications later on. So let’s use the word “inflated”. +I am in the first month after I quit my job, working on preparations to move to a smaller, cheaper town. There isn't much going on right now besides looking for a place to rent, which is being incredibly slow because of end of year holidays. Also, since I can go to pretty much wherever I want, whenever I want, without having to worry about jobs available, I feel a bit lost yet on this decision. + + +I'm ~~still living by the same standards~~ spending much less already, doing the same things, except going to work. Everyday is sunday. I can wake up whenever I want, take as much naps as I feel like, and exactly because of that I can wake up in the middle of the night if some idea comes to me and I decide to work on it. Because of that, didn't take long to me to have the weirdest sleep patterns, like sleeping from 10 AM to 14, then a bit more from 9 to midnight. + + +The most interesting thing happening so far is how much projects and things to do comes to my mind. [Chainmail](https://www.youtube.com/watch?v=VjwsalUx7UM) (or kusari, which is easier), build (or play) a [complex roguelike game](http://kotaku.com/5921550/dwarf-fortress-the-game-that-takes-a-238-page-illustrated-technical-manual-to-learn), [bushcraft](https://www.youtube.com/watch?v=P73REgj-3UE), resume practicing with the guitar, writing short tales again, making videos about my secluded life, finally help on FOSS projects... + + +But until I set everything up, man, days(or nights) are So. Boring. It is still obviously better than grinding in a job where nobody leaves me alone so I can focus on what I'm doing. There are so many roads to go by that I want to make sure everything is as right as possible before deciding which one to take. I feel "locked". There are so many details. Should I really spend money on an anvil to work on chainmails? If so, I should move to a house instead of an apartment. But what if I lose interest? Is the city, where I'm going to, bike friendly? Cause if it is, I would love to assemble one part by part (like I almost always did) instead of buying one from a store. + + +Anyway, it is still a good feeling. +[https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html](https://www.cnn.com/2021/10/18/homes/zillow-halting-home-buying/index.html) + + "We're operating within a labor- and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces," said Jeremy Wacksman, Zillow's chief operating officer, in a statement. +&#x200B; + +https://preview.redd.it/33hphdscn6i71.png?width=1148&format=png&auto=webp&s=f7cce3787053db21a9441c84f8315d5e3e685fbe + +&#x200B; + +https://preview.redd.it/a6ohzzkdn6i71.png?width=484&format=png&auto=webp&s=17a86533f57b4106788d1604af92dc68dc7bcd04 + +&#x200B; + +https://preview.redd.it/4nwt1lzdn6i71.png?width=1769&format=png&auto=webp&s=ae707da83cfc706bcfffe02c34ead73eeedd6e11 + +&#x200B; + +https://preview.redd.it/b8obc6een6i71.png?width=1780&format=png&auto=webp&s=ea9a8b19b5394a937cd652a5138efecebb805683 + +&#x200B; + +https://preview.redd.it/n4g67zpen6i71.png?width=1765&format=png&auto=webp&s=e1b89ad3c8aba0741c3c0f964818410f24211a7e + +&#x200B; + +https://preview.redd.it/m0cupr0fn6i71.png?width=1775&format=png&auto=webp&s=93ac9eeb050411cf36780fc374b423ea86539666 + +&#x200B; + +https://preview.redd.it/zg6vh2cfn6i71.png?width=1765&format=png&auto=webp&s=d228b6b0d66cd69027be16b7cd4a5d628a8ea63d + +&#x200B; + +https://preview.redd.it/he0s92ofn6i71.png?width=1769&format=png&auto=webp&s=e64e97b87557f7478766435021fc77ecb90166c0 + +&#x200B; + +https://preview.redd.it/qornzdzfn6i71.png?width=1764&format=png&auto=webp&s=9a2e61ceac5d852365c2237e85212f6a66961957 + +&#x200B; + +https://preview.redd.it/2y0qfjcgn6i71.png?width=1779&format=png&auto=webp&s=b99690d9e872f20d69a68cadda3dad57f9a73f15 + +&#x200B; + +https://preview.redd.it/la18d8ehn6i71.png?width=1775&format=png&auto=webp&s=2c361fc45fdd9a1ac4b78cd7d3706edc7148151c + +&#x200B; + +https://preview.redd.it/siolem9in6i71.png?width=1357&format=png&auto=webp&s=bea8232c75bd42a80e72b3651b3d2f5b29946808 + +&#x200B; + +https://preview.redd.it/0qas8e4ao6i71.png?width=1633&format=png&auto=webp&s=08571d1c8ac84341beea159fd170b09d0d241c10 + +&#x200B; + +https://preview.redd.it/jj27a0smo6i71.png?width=1633&format=png&auto=webp&s=874f8d0d275855b1925ccf1ed95cc73a6677d76a +> Despite the coronavirus scare, private payrolls rose by 183,000 in February, well ahead of Wall Street estimates for 155,000. + +> Growth was concentrated in big businesses, which added 133,000. + +> January’s number was revised down sharply, from an initially reported 291,000 to 209,000. + +https://www.cnbc.com/2020/03/04/adp-moodys-private-payrolls-february-2020.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Another guy made $64 using his son's Christmas money but CNN spins it as making 250% ROI. + +http://www.kspr.com/life/money/the-best-stock-investment-i-ever-made/21052342_29576020 + +So glad that guy followed the age-old advice of trusting your gut. Just like all those "winners" made every day on the market trusting their guts while selling low and buying high. If idiots weren't doing dumb shit like this, the big money wouldn't have anyone to manipulate with their big stock "tips." +Today I sold most of my alt coins even at a 50% loss. I know some of you will say kucoins coin prices will eventually all go up but nobody knows. + +Unless I sell them. +Usually when I sell a coin, it skyrockets the next 24hrs. I took one for the team today. I lost some profits but it’s ok. + +And to make things better, I bought NEO at it’s all time high. Usually when I buy a coin, it sinks. So you guys can buy NEO at a cheaper rate. + +I love crypto and I love you guys. + +Ps. I will sell NEO once it dipped hard ok. And you know what happens when I sell. + +Edit: Let’s see what happens in the next 24hours. Hopefully the market improves. Thank me later. + +Edit: Some if you guys need to take a chill pill, the market is dipping, it’s not even crashing like what the news say. Chill and have fun + +Edit: Some of you are so serious. What you are doing is only gonna affect your decisions. Don’t emotional trade yo. DYOR and see the gains. Money isn’t everything. + +EDIT: I’M SO SORRY GUYS, I COULDNT HELP MUCH BECAUSE THE WHALES ARE BACK MANIPULATING FOR THEIR FUTURES BET. :( +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 about 1.5 years ago I quit my job and took some time off, and I thought it would be a good time to do a little write-up of my experience. Spoiler alert: I'm now working a part-time job that I think would qualify me as BaristaFI? + +Context: after working six years for a tech company in the SF Bay area and watching my commute slowly grow from just over an hour to a solid 1.5 hours each way, at a job that gave me virtually no free time, I decided it was time to quit and be unemployed for a while. "You'll be so bored!" one of my coworkers said. In a way, he was right, but the truth is that I was already so bored at my job that it was really was a drastic improvement to be bored and at home with nothing to do, rather than bored while at work and/or commuting in terrible traffic. The feeling is a bit like this SNL skit where Adam Sandler parodies a certain tour company that takes you to Italy: "If you're sad now, you might still feel sad there, OK?" + +https://www.youtube.com/watch?v=TbwlC2B-BIg + +My plan was to take about a year to travel and maybe take a class or two at the local community college. As it turns out those two things are mutually incompatible, since you can't very well attend class regularly while also traveling for weeks at a time. So I did the traveling first, going to various places that I'd been meaning to visit but hadn't yet gotten around to. In January (now nine months into funemployment) I signed up for a couple of acting classes, which mostly occupied me through May. One of these classes met on Sundays, and I realized, with regret, that I could have been doing these all along even while working full time; I'd just never thought of it as a possibility. + +Meanwhile I also decided to write a paper and present it at a conference, which gave me a chance to travel to somewhere new and catch up with some old friends from my grad school days. This turned out to be a double edged sword. While it was nice to see everyone and exercise my old academic brain, it also reminded me of how much I missed being in academia and learning new things all the time. After I got back from that trip I fell into a deep depression, with the excitement of travel now replaced by mundane everyday existence, my liquid cash accounts starting to scrape the bottom of barrel (I had to sell some stuff from my brokerage account to replenish), and what seemed like a pointless job search. Most of the part time jobs I saw just didn't pay enough to justify doing them, most of the full time jobs I was even remotely qualified for weren't very interesting (to me), and the ones I did apply to either ignored me or rejected me without even an interview. + +Eventually I saw a craigslist posting for a part-time front desk position at a nearby hostel. Amazingly enough this part-time position also provided health insurance and quite generous vacation time (more about health care issues below). I applied, got the job (apparently my experience way back when working at Pier 39 was a major qualification—at the time I just thought of it as a throwaway job), and it's turned out pretty OK so far! It was refreshing to not have to pretend that my One True Passion in Life is this job (seriously... check out some of the postings on craigslist for waitstaff or dishwashers where one of their demands is that you be "passionate" about your "craft" or some such BS). + +Now the health care issue is probably the most annoying part about being unemployed. I'm lucky that I'm a dude in my 40s without any super serious medical problems, but despite being in California, where the state has done a lot to make things easier for people who don't have employer-sponsored coverage, it was still a major pain the ass to sign up for coverage properly [edit: by this I mean an Obamacare plan]. It ended up taking months to get the policy I wanted, and only then did the CoveredCA rep tell me that I was making too little per-month [edit: to qualify for Obamacare, that is] and they were going to cancel the policy and send me over to my county's Medicaid office, which meant I had do a separate application process all over again. Medicaid is also annoying for traveling since it doesn't cover you out of state, so I ended up buying travel medical insurance for each trip. Not a big deal, just annoying to have one extra thing to think about. And the tax form for ACA over/underpayment was probably the most complicated one I had to fill out for the year. So I'm super happy to have employer coverage again (it kicks in after 60 days). + +Numbers-wise, I think I'm good... Assuming a 4% safe withdrawal rate, and assuming my annual expenses stay the same and that income from my new job remains constant (the pay is slightly higher than the local minimum wage), I should be more or less breaking even for the next 25 years (at which point my mortgage will be paid off). It's weird because my net worth doesn't seem that high (to me), but when I run the numbers through my spreadsheet it seems to work out, so it's a little bit of a leap of faith (faith in the safe withdrawal rate, that is). + +So now I'm working 3 days/week at the hostel, I've signed up for a foreign language class at the local community college just for fun, and I have three other days of the week to do whatever and maybe get to some projects I have on the back burner, if and when I feel like it. So I guess I've achieved BaristaFI? My mental state is now back to just mildly depressed all the time, which I feel like is my normal state, anyway.... so I think I'm pretty OK. And to paraphrase Shakespeare and/or Ryan North.... All's pretty OK that ends pretty OK, right? +New people are always going to panic and sell, and then FOMO back in later. That's a given + +The amount of panic suggested by these posts when the market goes down 5% is worse than the actual dip. Please can we refrain from making don't panic posts until Bitcoin goes under 20k + **A brief background**: + +· Mid-20’s married couple in full-time professional jobs in the legal industry in Melb CBD early in our careers with potential for progression + +· Combined income of $180k + +· $125k deposit saved over 1.5 years (including taking full advantage of the First Home Super Saver Scheme) + +· We have been pre-approved for a loan of up to $1m + +· We currently live with one parent in a small house, with 2 pets and paying board and equal share of utilities. + +· Don’t plan to have kids for another 4-5 years + +We are trying to be sensible and are torn between two broad options and have received conflicting advice from family and friends regarding: + +1) Stretching ourselves for a longer-term house (7+ years) in the Northern/Western suburbs of Melbourne in the 550k - 650k range, paid off through P&I loan due to the land component. Would potentially utilise a debt recycling strategy to pay down the mortgage faster; or + +2) Going for a smaller 2 bedroom townhouse (not apartment as we need at least a small backyard for the wee animals) in the 350k - 425k range, smaller mortgage and bigger balance in the offset. + +Option 2 would be an IO loan with a mind to convert it to an IP in 3-4 years for tax deductibility. Substantial savings in the offset for the deposit for the next home that’ll be purchased with kids in mind. Based on our conservative calculations, we should have most of the loan offset after around 4 years. + +**Our thoughts** + +We’ve been watching the Melbourne market in those price ranges for over 2 years and it doesn’t seem to be decreasing much, if at all in those price ranges due to a variety of factors (FHB territory, exemptions etc). Neither option would involve buying off the plan (for reasons Ausfinance readers would already know) + +We certainly do not take for granted that we were able to cut costs by living with a parent but (bless them) we are at our wits end, so continuing to live with them is not an option. We are looking to buy for stability, wanting to do our own thing around the place and have our own space; we have attempted to enter the rental market in properties close to stations for work with no luck due to no rental history and the pets. + +So we are going down the FHB route and are leaning towards options 2 based on flexibility and lower interest costs. Is there anything we are missing or is flawed in our thinking? What would you do in our situation? Cheers! +**TA;DR** Institutional Ownership is at 24.9M. Out of the 24.9M, approximately 14.7M are currently “locked” up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Since my last update on November 6, shares in ETFs have slightly increased and shares in other funds have decreased by 525K. Overall Institutional Ownership (IO) has decreased by 1.1M. All data in this post is from 12/20/21 unless otherwise noted. + +This post is an update to: + +[https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg\_update\_on\_float\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg_update_on_float_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[Stagnant shares = insiders ](https://preview.redd.it/fj071o5znw681.png?width=975&format=png&auto=webp&s=628bbe569aae22b19c5736d3d3d70a0a8494b1f8) + + + +[Not sure why Matt Furlong isn't in Bloomberg](https://preview.redd.it/fao1j2p3ow681.png?width=559&format=png&auto=webp&s=97278556f22c4ff678378bda5b48f9e60626bca0) + +&#x200B; + +[Current IO 39.03&#37; of Float = \(.3903\)\(63,738,478\) = 24,877,128](https://preview.redd.it/uoujv1l7ow681.png?width=695&format=png&auto=webp&s=e82206bc91bba07f59389d9dc7b652ef8f521d03) + +Current IO of GME shares is 24,877,128. On my November 6 update, IO was at 26,017,995. This is a decrease of 1,140,867. + +&#x200B; + +[6.7M GME shares in ETFs](https://preview.redd.it/dwhmbgbwow681.png?width=975&format=png&auto=webp&s=9d708294175824ceaa8f3e94f433f5ca61e133d6) + +There are currently 128 exchange traded funds (ETFs) that include a total of 6,723,120 shares of GME. I reported 125 ETFs with 6,648,346 shares on November 6. + +&#x200B; + +[8M GME shares in 330 mutual funds, index funds and pension funds](https://preview.redd.it/95jspn3eqw681.jpg?width=961&format=pjpg&auto=webp&s=ab9feab0051933340a66e65b75141e5ecf3229e0) + +There are 330 mutual funds, index funds and pension funds that hold a total of 8,061,540 GME shares. I reported 340 funds with 8,586,392 GME shares on November 6. That is a decrease of 524,852 shares. + +As I mentioned in my last post, Institutional Ownership has decreased significantly from May 2021 when it was over 100%. In fact, IO was over 100% for more than ten years before it dropped precipitously in May. Institutional Ownership is now reported at 44.79% (34M) of outstanding shares or 39.03% (24.9M) of float. Venture capital firms like RC Ventures are considered IO, but are also considered insider shares or "stagnant" shares; hence, the difference of 10.1M. + +[IO of GME \(&#37; of outstanding shares\) for past 1yr](https://preview.redd.it/5wem5x9xqw681.png?width=975&format=png&auto=webp&s=9acec931300de07617ae4c8632d5b34d19388898) + +[IO of GME \(&#37; of outstanding shares\) for past 10 years](https://preview.redd.it/dzc72i20rw681.png?width=975&format=png&auto=webp&s=12c4e74805c3348113ef193ae35c37c31d598734) + +**TA;DR** Institutional Ownership is at 24.9M. Out of the 24.9M, approximately 14.7M are currently “locked” up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Since my last update on November 6, shares in ETFs have slightly increased and shares in other funds have decreased by 525K. Overall Institutional Ownership (IO) has decreased by 1.1M. All data in this post is from 12/20/21 unless otherwise noted. + +This post is an update to: + +[https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg\_update\_on\_float\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qp3bzy/bloomberg_update_on_float_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) +I don’t care if you are a Solana fan, ETH moonboi, Bitcoin or bust, etc + +The time to end tribalism is now. + +The church of Charles Hoskinson (yes that guy many of you love to hate) just blessed us with a video and I really think you need to watch it. + +https://youtu.be/a2IP9ApZuUU + +Basically the government is about to pass this “America Competes” bill under the guise of staying competitive against China. It’s a load of crap. The bill sneaks in a part where the secretary of Treasury (Janet Yellen) will have full control to just ban assets at will. + +That means she can ban ALL of crypto or just certain ones in particular. She can wake up and say hey no more ETH trading in America. Exchanges will have to comply. This is serious. + +I normally don’t post because I’m not good with all the formatting and pretty pictures but this is so fucking serious guys. Stop with the stupid tribalism, stop acting like children. Now is the time to come together and reach out to the people who live off our tax dollars that are supposed to serve us. + +When you follow the money guess who’s lobbying so hard for this to pass? Ding ding ding : the Goldman Sachs Mafia. Banks are finally trying to put the nail in the coffin for crypto. + + +TLDR: stop bickering for one moment and pay attention to this BS legislation that’s about to change crypto. Also fuck off and read my shit, it’s like 10 sentences. +I moved to the UK couple of months ago and I was under the impression that my 50,000GBP a year was a pretty average salary around North Yorkshire. After meeting some people I realized that I might get paid very well. The problem is that my reference point for values is that of the previous country I lived in (Australia). I do not trust the results I get by googling "average salaries" and other terms such as these because these values tend to be skewed and outdated. +Hi all, + +Got pension statement and I have just over £12,000 in my pension. I'm 27, and currently pay in 16% of my salary (£31k/year), including max work match. Started pension at 24 with around 10/12%. Doing some reading and I'm feeling worried and depressed - some articles say you should have a years and a half salary in your pension at 30?! Am I remotely on the right track? + +My career won't ever bring in megabucks, and I know I want a family one day, and for woman this often has a detrimental impact on pensions. + +Edit: thank you to all the commenters here, its all really appreciated. Think that part of the anxiousness does stem reading this board and seeing everyone earning much more at my age, so am feeling a lot more relieved. I've only just started earning that, I was hovering around £25k until a couple of months ago which probably contributed to the fear! +I think the number of lost or forgotten coins is much higher than current estimates. + +As of yesterday when I ran the block parser there were 38,399 addresses with a balance of 50 BTCs. Almost all of these coins were minted in 2009 and 2010 and have never been touched since then. That's almost 2 million coins sitting just there. + +Add to that many others in addresses with much larger balances with inactivity since 2009-2010 and I estimate that somewhere between 30-40% of all BTCs are out of circulation and will never be accessed again. + +I saw a really informative [post](https://www.reddit.com/r/CryptoCurrency/comments/mshvtg/ethereum_explained_for_noobs/) about Ethereum from u/Ghostserpent and i wanted to do the same for VeChain. + +(Long but informative read) + +**What is VeChain (VET)?** + +VeChain is a blockchain built to help make supply chain management simpler. It was originally conceived as a way to determine if a real-life product is fake or not - preventing frauds and knock-offs. Since then its been used by major corporations to help track everything from wine production to car manufacturing. + +The way it does that is simple: give each product a unique identity, then use sensors to track what happens at each stage of the supply chain. That way, companies can be sure products are handled correctly, and consumers can verify their purchases are legitimate. + +**Who invented VeChain?** + +VeChain was founded in 2015 by Sunny Lu, the former CIO of Louis Vuitton China. He combined his expertise in luxury goods with blockchain technology to create an IoT (Internet of Things) application for supply chain management. He remains the CEO of VeChain through a non-profit called the VeChain Foundation. + +**How does VeChain work?** + +You can look at VeChain in three parts. The real-world tech, the cryptocurrency, and the platform. + +* **Real-world tech:** VeChain works by giving physical products a unique identity, usually through RFID (radio frequency identification), QR Codes, or NFC (near-field communication). Sensors record information at every stage of the supply chain, and are recorded and linked to the product's identity. These are sensors that VeChain designs, and are created by manufacturers like Bosch and Qualcomm. Since it uses blockchain technology, the recorded data can\`t be changed. This allows for a truthful record of what conditions were like throughout the supply chain. If anything went wrong, like goods being shipped to the wrong place, the blockchain record will show exactly where the mistake happened. +* **The cryptocurrency:** VeChain originally issued tokens (known as VEN) on Ethereum before it released its own platform in 2018. With this new platform came a rebranding as VeChainThor (known as VET). VET is the payment used in VeChain's system. The more VET a person or enterprise holds, the higher priority when it comes to using the blockchain's resources. VET can also be used to generate a second kind of token, known as VeThor or Thor Power (VTHO), to access the supply chain technology. So a company that wants to use VeChain's tracking for their supply chain has to pay VTHO in order to add more information to the blockchain. +* **The platform:** The platform that is used to do all of this, known as a main-net, can also be used by other blockchain projects to launch their own coin on VeChain's system (in a similar manner to Ethereum). This platform has helped move VeChain on from just supply chain into Dapps. + +**What can you do with VeChain?** + +VeChain has developed sensor chips for physical products that are uniquely linked to its blockchain platform. The system is exclusively geared for mass enterprise adoption. Its real-world tech has been in use since 2015, when it developed NFC tracking chips to be placed inside handbags for a French luxury brand. + +Then in 2016, VeChain applied this tech for the Renault car company to track vehicle history. It keeps track of maintenance, mileage, and anything else that has happened to the car from the time it first hits the road. This unchangeable record can be accessed by used car buyers to give them a complete account of the vehicle - a huge boost to tackle issues like odometer fraud. VeChain has also announced partnerships with BMW and other car companies in Europe and Asia. This technology has applicability in several other industries, and VeChain has hinted at other major collaborations in the works. + +EDIT: As u/liau_ stated I missed a key concept called Proof of Authority (PoA). PoA is an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity as a stake. To many this may sound pretty vague. In this [video](https://m.youtube.com/watch?v=mmjdqJxjwhY) the PoA of VeChain is explained for those who find it interesting! +I'm trying not to be offensive to Americans, but I've just seen a post where a person asks if the USD crashes what would happen to the BTC, and if it would go to 0... With a lot of people answering that yes. + +Bro, do the Americans know that there are other economics outside US? + +China and the yuan, Europe and the Euro, Japan and the yen are really solid economies and you can measure the value of Bitcoin with them. + +Not everyone in crypto is from USA, so not all the money in crypto is USD. + +I get that a big amount of money comes from the US, obviously, but it's not the only single country that buys crypto. I think it's very easy to understand. +# GSAT Weekly Megathread + +&#x200B; + +Please keep all discussion about GSAT here! + +&#x200B; + +**All news, catalysts, and DD can be submitted as a stand-alone post.** + +&#x200B; + +Please don't downvote others' comments in megathreads. Sorted by New is default within this post. If you're on mobile, sort by Live +Hi all if your mum sold property and gave you any figure between to £250k to 300k to buy a home for you to own and live in (not rental) would you have to pay tax on this? I know you would if she dies within 7 years of giving it to you but what about whilst she is alive? +**MARKET NOTES:** + +Friday market had a weak rally after Thursday's big selloff. The bulls failed to hold any gains and the **VIX** remained high. + +Futures opened down and have dipped as much as 4%. 5% is limit down. Keep in mind a circuit breaker will trigger a 15-minute trading halt if the S&P 500 drops 7% or move. + +Bears appear to be firmly in charge as new virus cases are spiking across the country. + +I'm looking for perfect setups only. My goal is to make money with the bulls and not let the bears take it away. + +**WATCHLIST:** + +**AWX** is a low float, resistance is at $2 + +**NETE** is a low float, watching for a setup above VWAP + +**KIRK** is a low float, key level is at $1.75 + +**JAKK** is a low float, resistance at $1.40 + +**HGSH** is a low float, on watch + +**KOPN** has resistance at $1.60 +At my previous employer (different country), I put 5% and they put 15%. However, if you left before retirement you only got back your contributions. + +In the UK, things might be different. My company uses Nest Pensions and they contribute 4% while I put 4%. + +If I were to leave, does my Nest account retain their (the company's) contributions as well? +I've been watching this subreddit for a few weeks and am surprised by the extremely low amount to people responding to people asking questions about bitcoin and even talking shit to them because they don't fully understand how bitcoin works. I feel like anyone asking any kind of question should be treated as a gracious guest, isn't the spread of bitcoin knowledge what gets this thing going? I've always liked to think of bitcoiner's as friendly, happy, helpful people but as I've dug into forums and chats that is unfortunately not usually the case. I might be slightly exaggerating but newbie posts should be filled with helpful responses... Too much greed with bitcoin these days maybe +These are completely genuine questions: +1. Who in the world is buying this stock right now? Surely the retail market can't be pushing the price up this much? +2. Under what circumstances will the stock be non-worthless after the bankruptcy? +3. Assuming the stock is non-worthless afterward, is there any sane reason to own it pre-bankruptcy? Clearly the market thinks there is... +Yesterday attended a family Christmas dinner for the free food, and of course it was pointed out to me how "so and so just bought that new truck out there" and "that car back there is your cousin's"... and of course they're all brand-new/late model vehicles (presumably with hefty car payments attached) + +Another reminder why I typically don't attend these "gatherings", a lot of it is just family members doing this materialistic "dick-comparing" with each other or otherwise "subtle-bragging" about themselves 😂 + +Drove away in my used/paid-in-cash 2007 beater car with a full belly, but still somewhat annoyed since the "Christmas vibe" was kinda ruined by all the unasked for subtle-bragging and fakery at the table (fake smiles, fake demeanors, etc) +[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 am 25 yo working first post-college job. Sharing a room, don't own a car, rarely go out to bars/restaurants... Saving as much as 50% some months. + +Feeling very alone in my journey and just want to meet like-minded people to share successes and tips, especially since we live in such an expensive place. +I have around 6k in emergency fund and I’m planning to move into a shared room with all the bills (internet, water, electricity) covered (around $145 per week). I’m still a full time student atm but I’ve got a restaurant job earning me $130/week, but I have another interview lined up for a full time position. I also want to know what other expenses I’ve got to take care of, eg. how much do I have to pay per year to have my car, how much in phone bills and any other expenses of that kind. + +My mum has been a pretty toxic person and she would force me to move out at any little thing that aggravates her about me. Last night I told her I was going to wakeup at 5:00am to prepare for my internship and she got mad because she wanted to sleep till 6am and was forcing me to move out. 🙃 +Hi all, looking to see if these numbers make any sense. + +Live in an old 3 unit building, 1880 build. Landlord has taken good care of it, redone all the wiring and plumbing and just generally kept it in excellent shape. We live in one 3/1, there is an identical 3/1 upstairs, and theres a basement 1/1. We pay 1650, upstairs 1650, 1 bedroom I assume around 1000. I'll conservatively wrap that up as bringing in 4k in rent (if I move out). + +Landlord wants 300k, off-market, non-negotiable on price. With high rates and taxes and insurance, it'd be around 2500 or so. I also do not know if it would appraise that high, and I don't have 30k sitting around if it doesn't. + +The kicker is we're in the northeast. He currently covers heat and water, garbage, landscaping and snow removal for the building. I think that may end up being the deal breaker and get this place operating at a loss. I cannot count on any appreciation for the building itself in this climate. I thought about maybe living here for a few years and just having the tenants pro-rate my living expenses, but I'm not sure the effort is worth it. +I'm 24 male live in the USA ( maryland) + +I'm kinda at a standstill with life and looking for a future + +I've always been interested in money and entrepreneur like building business and investing in stocks + +I've never really liked working for anyone and would love to be my own boss + +My mother actually was gonna be a real estate agent years ago and gave up after she failed the test, but actually is interested in potentially getting it with me lol +Had my offer accepted. This is an investment property, *Not* my own home. + +This is less about cash flow (I’ll grab a couple hundred / month), but more about speculation on a small/mid size “city” that’s adding thousands of jobs and is pretty land constrained and can’t build new homes. + +Obviously, this means that this home is pretty far away from where I live. And I have a good management company lined up with all the details squared away. + +However, I’m just anxious. I can’t explain why. I just have this looming anxiety. +Are you in the new wave of real estate investor camp of renting your place and then just investing, or do you own your own home? + +One of the benefits I see with home ownership is the tax free gains + +However, renting does free you up to be more flexible. + +Where do you guys stand on this debate? +I have 400k in cash and can borrow upto a million for investment. Primary home is in Austin, two SFR rentals in Phoenix. I am primarily interested in class A properties in middle class neighborhoods with high quality tenants in cities where I know cash flow is poor. Goal is capital preservation or growth/appreciation, not high cash flow. I will be paying down the mortgages as fast as I can. + +We've picked some cities we are familiar with through work and friends. + +1) 2x 500-600k SFRS in Fort Collins/Longmont, CO +2) 1x 1M SFR in Fort Collins/Denver, CO +3) 2x 500-600k SFRS in Portland, OR suburbs +4) 1x 1M SFR in Portland, OR suburbs +5) 2x 500-600k SFRS in Austin, TX suburbs +6) 1x 1M SFR in Austin TX suburbs + +Which one would you pick if you had the same goals as me? We will want somewhat turnkey properties as we will be using property managers and cannot travel often to undertake major renovation. + +Also open to other city suggestions with booming populations like Raleigh, NC. I have never been there or much to the east coast so I'm not considering them unless they have a clear advantage. I do want to diversify in a somewhat blue state even though I know tenant protections are strong. +https://np.reddit.com/r/pics/comments/9zqfih/my_brother_is_my_hero_he_was_born_with_cerebral/?sort=controversial + +Archive link: http://archive.is/ju2sG +Any hint of CPI going down seems to cause a strong upward movement of stocks. Layoffs are happening but we still have strong employment numbers. It seems like Ukraine is having massive wins which brings us closer to the end. China's 0-tolerance COVID policy seems to be easing. There's a really strong case for the bulls right now. + +I guess my question is: does the fed consider see stocks ripping up on lowering CPI as a bad sign? Does the fed need to see lowering CPI AND no huge moves upward on those CPI announcements before they can pivot? Or are they truly not concerned with the direction of markets? + +EDIT: for example, I hear the term capitulation a lot. It seems like we've not capitulated because of these incredible rallies, meaning we're not out of the woods. +I didn't see a post about this so I thought I should mention it, + +&#x200B; + +" CALGARY, AB, Feb. 18, 2021 /CNW/ - High Tide Inc. ("**High Tide**" or the "**Company**") (TSXV: HITI) (OTCQB: HITIF) (Frankfurt: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories will release its financial and operational results for the quarter and year ended October 31, 2020 **after market close on March 1, 2021**...." + +"... For the fiscal fourth quarter of 2020 the Company expects to report revenue that is **ahead of the range of analysts' estimates** of $**23.3 million** and $**24.2 million**, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year. For the full year ended October 31, 2020 the Company expects to report revenue that is **ahead of the range of analysts' estimates** of $**79.7 million** and $**80.6 million**." + +&#x200B; + +[Link to the news](https://finance.yahoo.com/news/headsup-entertainment-corporate-175900859.html) + [https://www.fda.gov/news-events/press-announcements/fda-approves-new-opioid-intravenous-use-hospitals-other-controlled-clinical-settings](https://www.fda.gov/news-events/press-announcements/fda-approves-new-opioid-intravenous-use-hospitals-other-controlled-clinical-settings) + +&#x200B; + +here we go boies. already up to 3. +RETARDS DID YOU READ THE TITLE?!?! + +Big Banks are Big Mad at us Autists. We have figured out how to make a fuck ton of money in the stock market. One Call option = Market maker buying 100 shares. We have impeccable leverage in this market fueled by our YOLOs. + +Big Banks do NOT like this. There are class action lawsuits against Robinhood for targeting inexperienced traders. + +https://twitter.com/carlquintanilla/status/1339224048811827202?s=21 + +EVERYONE deserves to be allowed to trade in this financial system. Just because we found a way to compete with BILLIONAIRES does not mean we deserve to be taken away our rights to trade. First they’re going to try and shadow ban Robinhood, then they are going to up the restrictions on options trading. Free market my fucking ass. Big Banks put their fingers in the government’s asshole, they are their bitch. If they are losing money to us, they are going to get their way. + +This is bullshit, we need to all take out loans and hire lawyers to fight back. Keep using leverage to our advantage. DONT FIX WHAT ISNT BROKEN AND FUCK GREEDY BOOMERS. + +ARKF $50 7/16/2021 +SPLK $200 5/21/2021 + +Edit: To all the boomers that are saying “jUsT sWiTCh tO AmErITraDE”, sorry I don’t still use Windows XP. It’s 2020 bitches. +Edit 2: This post was flair as a discussion right from the start, and I am glad the community raised some thoughtful points. Some of the points raised here are relevant considerations for someone thinking of shorting any popular tech company that seem largely overvalued. I have summary some great feedback redditors have for easy reference. Its over 65 comments so pardon me if I missed out some! + +Warning about shorting SF: + +1. SF is a great platform for innovative solution, leader in the industry, with high switching cost to customers. +2. Other than CRM, it has acquisitions that includes Heroku. This give SF as a whole more potential for future growth. +3. Shorting should be for professional, not retail investors since downside is unlimited. +4. You need some catalyst to short, right now, people are optimistic about the company. + +Points that make me ponder + +1. Yes, downside is unlimited. But given current valuation, would it be much more likely the market price in at double the valuation or much lower than the valuation the next few years given a likely deteriorating environment for stock(E.g. Raising Interest rate) + +2. Companies like FANG Stock, Tencent, Alibaba are all innovating and venturing to new fields, how does SF valuation compare to them? + +3. With almost 20 years in the business, how much more market share would SF capture? + +Overall the discussion make me realised shorting is more risky than I thought. Thanks for the feedback! + + + +---------------------------------------------------------------------------------------------------------------------------------- + +Edit 1: Hi guys, thanks for the raising several points. Thought I can add in more here. To be clear, I have not shorted the stock yet. Reason is that the market seem to be still very optimistic about the company, and I am unsure of its growth potential at this point. + +However, SF current market cap is around 64 billion. How big is the US CRM market and what proportion of it could SF likely capture given the competition from other players? What is its advantage against Microsoft and other business? I think these are question I am still looking for an adequate answer. + +Of course SF is an outstanding company, but the news I read seem to be focus on its potential for growth. Also SF market share in the CRM market did not seem to increase significantly over other players. + +Previous I studied Netflix for a few months and finally decided against shorting it. Although it has a very high P/E ratio, I dun see another player that come close to Netflix in terms of content for a on-demand tv. Also, a 10-20 percent increase in subscribers(there has been steady increase) would drastically reduce its P/E ratio since most of its cost is in generating content for its platform (Which in a way give it an edge over other players trying to enter the market.) So far, I have not see similar sign in SF business that would deter me from shorting it. + +Not plans to short yet, but certainly looking deeper. +Edit 2: This post was flair as a discussion right from the start, and I am glad the community raised some thoughtful points. Some of the points raised here are relevant considerations for someone thinking of shorting any popular tech company that seem largely overvalued. I have summary some great feedback redditors have for easy reference. Its over 65 comments so pardon me if I missed out some! + +Warning about shorting SF: + +1. SF is a great platform for innovative solution, leader in the industry, with high switching cost to customers. +2. Other than CRM, it has acquisitions that includes Heroku. This give SF as a whole more potential for future growth. +3. Shorting should be for professional, not retail investors since downside is unlimited. +4. You need some catalyst to short, right now, people are optimistic about the company. + +Points that make me ponder + +1. Yes, downside is unlimited. But given current valuation, would it be much more likely the market price in at double the valuation or much lower than the valuation the next few years given a likely deteriorating environment for stock(E.g. Raising Interest rate) + +2. Companies like FANG Stock, Tencent, Alibaba are all innovating and venturing to new fields, how does SF valuation compare to them? + +3. With almost 20 years in the business, how much more market share would SF capture? + +Overall the discussion make me realised shorting is more risky than I thought. Thanks for the feedback! + + + +---------------------------------------------------------------------------------------------------------------------------------- + +Edit 1: Hi guys, thanks for the raising several points. Thought I can add in more here. To be clear, I have not shorted the stock yet. Reason is that the market seem to be still very optimistic about the company, and I am unsure of its growth potential at this point. + +However, SF current market cap is around 64 billion. How big is the US CRM market and what proportion of it could SF likely capture given the competition from other players? What is its advantage against Microsoft and other business? I think these are question I am still looking for an adequate answer. + +Of course SF is an outstanding company, but the news I read seem to be focus on its potential for growth. Also SF market share in the CRM market did not seem to increase significantly over other players. + +Previous I studied Netflix for a few months and finally decided against shorting it. Although it has a very high P/E ratio, I dun see another player that come close to Netflix in terms of content for a on-demand tv. Also, a 10-20 percent increase in subscribers(there has been steady increase) would drastically reduce its P/E ratio since most of its cost is in generating content for its platform (Which in a way give it an edge over other players trying to enter the market.) So far, I have not see similar sign in SF business that would deter me from shorting it. + +Not plans to short yet, but certainly looking deeper. +>Howard Marks, co-founder of distressed debt firm Oaktree Capital Management LLC, says he’s looking to find “hidden gems" in a world where too many buyers are driving returns down. + +>“Ever since the Fed and the Treasury and the world’s central banks rescued the global economy," and the Fed injected trillions of dollars into markets, investors have became “forced buyers," Marks said in a video interview Wednesday afternoon. That turned bargain hunting into a “very challenging" activity, he said. + +>Marks said he sees opportunities in sectors such as airlines, hotels, resorts and movie theaters. + +https://www.livemint.com/companies/people/howard-marks-seeks-hidden-gems-in-india-in-a-world-of-low-returns-11630033082477.html +Part of the fun and caution around bear markets could be how low cryptos prices have gone done since the top. + +It can easily make someone think that it's both a great opportunity while simultaneously being a bit of a risk too- IE- what if I invest bit and the crypto market tanks. + +The upside can be quite big too, of the crypto market manages to go big at some point in the future. IE- you may even be able to double or triple whatever money you have now by investing in it- 'if' big bull runs are still to happen. + +How do you view the risk of crypto at this point in time? Are you certain that crypto will come back strong at some point and when do you think that might be? + + 🐮 🐻 ✌️ +"I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the ra*ing of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents." + +Smedley D. Butler, War is a Racket. + +Nothing changed. In fact, it just got worse +I'm ready to be downvoted and called silly but the truth is I've saved money by just holding cash compared to being in the market. I exited my investments in May 2021 and it was one of the best decisions I've ever made. I'm still convinced that we have a while to fall until I'll be ready to buy again. + +Also I'm not a long term investor either I understand people buying stocks at current prices because they want to hold for 10, 20, 30 years etc but I prefer to look for opportunities to get in and out within a few years tops. +As the FTX-saga continues also the false articles aiming to shill SBF are continuing. In this [post](https://www.reddit.com/r/CryptoCurrency/comments/z0acqz/the_media_is_constantly_whitewashing_the_actions/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), I say how various media-outlets are just trying to whitewash the actions of FTX and especially SBF, as SBF was the person to give hundreds of million to them in “political contributions“. Those articles were just talking about how good SBF was and basically were just a neutral biography of a person that scammed millions of people for millions. + +Now the first are actually starting to talk about the crash and fraud of FTX and SBF itself but even now they are trying to shift all the blame away from their actual poor management and the fact that they were using customer funds for their own gambles. As we can see in this article of the Wall Street Journal: + +&#x200B; + +[Conclusion of the WSJOpinion article](https://preview.redd.it/4qr3q5bc8j1a1.jpg?width=1235&format=pjpg&auto=webp&s=78db28e3b31bcead59c9a75fc386ab0622577786) + +They are basically saying that the reason for the FTX collapse is that their “supporters“, which actually means the customers for them somehow have “betrayed“ them. Which does not make sense as SBF clearly was betraying everyone from day one. Also the article includes a very unnecessary comparison between Trump and SBF. + +For a small fun fact, even Elon Musk straight out spoke that they are wrong: + +&#x200B; + +https://preview.redd.it/u8aakpwf8j1a1.jpg?width=1150&format=pjpg&auto=webp&s=6619e8b59300d48b49115e9636450e3696a7e9d9 + +It is clear that the article now at least knows that there were mistakes made at FTX and with SBF, causing this debacle but are not really pointing out how SBF was filling his own pockets and lobbied to the White House with the money of customers too. +Who has the money and technical infrastructure to pull off a DDOS attack like this? + +Without getting found out? + +Surely not competitors to loopring? It's a small field of knowledge - I have a hard time believing Zkrollup enthusiasts ordering a DDOS against their colleagues who they've probably exchanged ideas with over some obscure cryptotech discord server... + +So I'm thinking outside the immediate zkrollup sphere - is there anyone else on Ethereum for whom it could make sense to sabotage Loopring? I don't know that much but I think it's the same situation as above. + +So is it a different kind of crypto competition altogether? Is another blockchain trying to tip over some of the Ethereum cows? Why bother with Loopring then? Surely there are other more obvious targets in Ethereum...? + +Nah, doesn't really make sense. It's kind of hard to think of someone targetting a huge fucking DDOS on Loopring without making the connection to the enemies of the GameStop NFT Marketplace. + +Please continue discussion below! +I last posted about an opportunity to leave my stable, recently-acquired startup for a COO/co-founder position at a very early stage company (pre-seed). I ended up not joining and really appreciated all of your advice here. + +That opportunity got me thinking about how much I want to start my own company and have the experiences of a founder. I’ve come up with a concept and have been getting ready to start it. I have been conflicted on when to start it and can’t as a side hustle since my employment agreement limits engaging is outside activities. I reached out to a distant family member who founded and runs a $5bn company to get his advice. He asked me if I had a noncompete, which I don’t, and basically told me that I could leave my current company and he would give me a side hustle working in my same industry while I work on my business. He also told me that this would be helpful because I need to boot strap to strong enough revenues that I am raising from a position of strength. He suggested I don’t raise preemptively just to pay salaries. + +I feel stagnant at my current company as I only have limited upside post acquisition. I am leading and growing an amazing business, but that growth doesn’t exactly help me accelerate my fatfire goals. + +My question for all of you is the following: Why should and why should I not take the plunge and start my own company? +I'm late 20s, manager at a mid sized public accounting firm. On track for partnership most likely by mid 30s based on past partnerships and current ages of the partners, and discussions with our strategic consultant. + +What I'd like to know is if anyone here took a public accounting route to fatfire? I feel a bit like I'm at a crossroads because I'm one of the best at what I do in the office (which is solve problems, whether they be accounting, IT or staff management) and I've got a great mentor in the partner I mainly work for, but I'm getting exhausted with the demands of public accounting life. + +I'm slightly anxious about the idea of moving on, because I've been with the firm for my whole career and I've built a reputation around the office as the go to problem solver, which is the exact niche that I love (I'd rather solve problems as they come up or do high level office planning than prepare checklists, create templates, research handbook rules etc). + +Therefore I'm interested in hearing any CPAs path to fatfire here. Did you stick it out to partner, did you take a chance by accepting a job in industry, or did you carve your own path some other way? It'd be great to hear from some non IT redditors for a change as that appears to be the path of least resistance for people of my generation, and being in my late 20s I think I've missed that opportunity. + +Edit: Thanks everyone for the great discussion so far! It's nice to hear some new prospectives from people who had similar paths. I'm still working for a few more hours (Canadian tax season still) but I'll try posting some replies in the next day or so. +This shouldn’t be anything by good news for anyone whose been here long enough to know how this whole thing is going to end. Slander and lies are to be expected to try to fuck with the public perception of RC and his company. Owners of msm (we all know who) HAVE to do this to try and stop what can’t be stopped. I’m talking about MOASS my dear. + +But the most important part is why right now?? EARNINGS WEEK! They HAVE to knock it down Bc earnings reports are going to show things have only gotten better for GME. Public interest would finally widen after seeing for so long that GME is actually still doing amazing things, despite msm constantly berating the company. + +Remain zen. Expect dips and snort them up like a middle school boy trying to impress his friends snorts up pixie sticks. + +TLDR: It’s earnings week. Msm makes RC look bad by trying to pin GA’s unfortunate passing on him because it’s their last ditch effort to suppress GME. Buy HODL DRS my friends +Hi guys. Glad to be here. Sitting here bored on a Saturday night, I wanted to see how much I actually invested, bought, sold, and profited in on stock that IPOd in July. I knew it was one of my main money makers, but wasn't exactly sure. + + +Here is my breakdown. + +TLDR: If I actually kept longer than a few months I'd be sitting real pretty and will change my investing techniques and rules for myself. +Ticker: FTHM +Realty stock/IPO + +I bought a total of 4053.949 shares for $75,033.33 +I sold a total of 3923.166 shares for $91,758.79 +Currently own 120.78 shares at $6,552.52 + +That would put me at a profit of $16,725.46 realized and $6,552.52 unrealized for a total of $23277.98 in the past 8 months. + +Worst part. IF.. I kept the 4,000 shares.... at $54.25.... $217,000. + +I can't look back and wallow..... but I can learn from this. + +If I find a company I believe in and can see growth in them the same way I seen with Fathom, I should really hold for over a year. 1... that will help with taxes and 2... potentially see its full potential. +So with all the talk of people becoming ludicrously wealthy of RE growth, and with all the high salaries floating around on here (and I also know how many people are not doing well at all in Australia), I wanted to know what your stories are around charitable giving? + +I admit I haven't been as generous as I should considering my earnings, and I want to start giving more to places like Victorian Dog Rescue this year. + +What percentage of your income do you give back to charities or good causes? Do you have any interesting stories to share? + +Note. I know there are taxation perks for charitable giving, but I want to talk about the charity itself, and not how it benefits me. +How did those auctions go? And the online ones? + +I was registered for this online one - guided as $1.2m but sold for $1.285m. Auctioneer was mostly begging people to bid - opening bid was the guide and it took another 30mins of begging for another person to bid - probably the slowest I’ve seen, took an hour for the auction. + +https://www.domain.com.au/54-hughes-avenue-ermington-nsw-2115-2017074031 +Hi everybody. As of today XRT is off the threshold list, and this has several implications. The most important one being that for the next Opex run it's very likely that we will see a repeat of the November run, when as soon as we touched $250 they slammed the price down extremelly fast. So if you were planning to buy some Calls for the upcoming run, be extremelly careful and sell into force, don't wait for weakness. This also suggests that last weeks' run and all the borrowed shares (that made the borrow rate jump) were shorts gathering shares to cover their obligations to XRT for the specific purpose of controling the run. Given the massive Gamma slide that already exists under us, for the next two weeks expect a major drop (possibly sub $80 towards the $60 range), an Opex run followed by a quick drop again. Sorry for the bearish news and tone, but everyone should know what's happening when or if it happens. +In my late 30s now. $2.8 MM net worth, which doesn’t include my vested - and government insured - pension from my current employer (oil &amp; gas major). Assuming I can work another 5 years at the same company, my mentality is that I will be set from age 60+ between the pension, 401k, and eventually SS. So the NW is really about bridging the gap between early retirement and age 60? Am I being too optimistic? + +Edit: assuming my expenses are $120k a year in retirement + +Assuming the pension will provide ~$75k a year for life (from age 60+). Estimating the exact amount is tough + +Edit: thank you for the very helpful feedback! Really appreciate it. +I've been a stock market investor (long term buy and hold) for about 10 years but just started wheeling 2 months ago...I've recently gotten assigned on a couple stocks after selling puts, so I'm working through my CC strategy. + +Once you've been assigned on a put and you start the covered call sale part of the wheel, do you guys typically sell covered calls at the strike price you were assigned at? Or above? Or below if the stock has dropped a lot? + +Trying to figure out a bit of strategy on this part of the wheel... + +I'm sure the answer is "it depends", but I'm curious what you guys consider when determining which strike price to sell your CCs at. +Recently switched over to thetagang and started selling csp on PLTR. I've been stressing the past hour or so over the decline the past two days wrestling myself whether to roll further out or not. Then I checked my cost basis and realised that I am still well below the current price. With 11 days out I see the following options right now: + +1. Wait till one or two days before expiration, roll further out if possible even with a lower strike +2. Roll out today +3. Get assigned + +So many options open to me as opposed to just buying calls and I am still up despite the sell off. I am still bullish on PLTR long-/midterm and cost basis is roughly at 22. Any suggestions on what is the best course to take? I am expecting a further dip around the lock up period but have no idea what will happen before that. + +This probably comes down to personal preference what would you guys do? Anything I am missing here? +Found out about this group from this post: + +[https://www.reddit.com/r/thetagang/comments/k6q7ck/these\_are\_the\_guys\_you\_steal\_premium\_from/](https://www.reddit.com/r/thetagang/comments/k6q7ck/these_are_the_guys_you_steal_premium_from/) + +I have been reading with a mixture of horror and schadenfreude since finding out about the group. + +The view into some of these "traders" thought processes continues to scare me. Morally, I want to reach out and save them from themselves. This one comment recommending selling puts made me cringe, recommending this to someone who can't even understand how to buy an option and has level 3 trading is insane. It is like the ID of WSB and Thetagang had a love child and this group was born. + +https://preview.redd.it/c2gangl4qs461.png?width=921&format=png&auto=webp&s=502ee83c548addd02e5fa36a7c885f048ac67aa7 + +&#x200B; + +&#x200B; +Taking several assumptions here + +1. that you wont get a margin call in a naked put or naked call (lets say you have enough capital in regards to your margin to risk. for example, 100k account with only 10% in a naked put. or 1% in regards to a naked call) + +2. Not at risk for early assignment. + +what stops you from profiting by shorting options and continuously rolling them until you get a profit? + +for example, lets say with this downturn going on, you open a 430 spy naked put. if it drops and you're in the red, you roll down and out for a credit. and you continue to do this until a green day comes (since historically, US markets have been a bull run sooner or later) + +what makes this not a possible strategy? +Is anybody wheeling or strangling TSLA? If so what is your strategy, Delta, DTE etc? I would like to run a covered strangle on it but I don't thing Merrill will let me sell CSP. I am thinking of just DCA in and sell CC for monthly premium. + + If it gets called away I am ok with that. I will just buy back cheaper and keep selling CC. Although ideally I would like to hold it and be long. + +Any advice or recommendations? +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. +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. +Can someone poke a hole in this? I'm new and don't know what I'm talking about. I sold some investments last year and have some cash on hand. I was going to just put those funds into VTI. + +I figured instead of putting the funds into VTI, I could just write ATM or -.40 delta CSP's on SPY 1-2DTE until it gets assigned. For each contract this would generate $140-$180. + +Then I figured, why not just wheel this and trade every single expiration (around 12-14 of them per month I think), and just sell options ATM for which ever side of the wheel I'm on. If my math is correct, this could generate $2,300-$4,000 per month per contract in income (5-9% return). + +I understand I would have exposure to SPY price movements by doing this, but I planned on putting the money into VTI or VOO anyways so that is irrelevant right? And the exposure is hardly significant considering a 5-9% monthly return on capital from premiums. Am I missing something? + +The premium on a .48 delta CC for SPY with 1DTE is currently $2.97. That is 0.6% of the underlying. So 1 single day of time decay & volatility is worth 0.6% guaranteed? I just don't really understand why. +http://forum.mrmoneymustache.com/welcome-to-the-forum/new-yorker-article-on-mmm/msg987552/#msg987552 + +I see he's still dodging answering the real question, why he uses a power drill to stir peanut butter. + +Original article thread: + +https://www.reddit.com/r/financialindependence/comments/46zv0o/new_yorker_profile_on_mr_money_mustache/ +I recently broke up from a long-term relationship, we had a shared house and she's buying me out of my half. I moved back to my hometown and my thinking was always that I'd use the money to buy my own property. + +But now the dust has settled somewhat, I'm not entirely sure I want to root myself here, in my hometown. I'm single, early-30's, no commitments, so maybe a house isn't the smart thing. There isn't a great deal in my hometown other than my Mum if I'm being truthful. Old friends have moved away, or the connections have fizzled out. + +But I've sort of built an anti-rent mentality over the years, the idea of paying a landlord to pay off their mortgage instead of my own frustrates me. But is renting really that bad? + +I very quickly did some maths in my head just now, say I borrowed £170k for a new mortgage. If the interest rate was 3-4% I'd be paying £6-7000 a year in Interest (obviously it reduces as I pay more off). But that isn't far off what I'd be paying annually for rent. Not to mention stamp duty, solicitor fee's and house maintenance. + +And with the money I'd use for the house, I could instead invest it, certainly I'd fill up my S&S ISA at the least. And just continue to rent for the next few years and figure out what I'm doing in life! + +Maybe it isn't technically the most efficient financial choice, but perhaps the smartest.. what do you guys think? +Question on live algos. I have two that are close but of course nervous moving from paper to live. How nerve wracking was it? What did you do for the first few days to help mitigate your worries? Also, if you don’t mind, tell me something about the nature of your algo so I can understand the risk factor(s) you had to mitigate. +From your experience - is it harder to make gains now than it was 10 years ago? When I do some backtests I notice that in general it is easier to find strategy that worked in years 2003-2006 than in the past few years. I'm talking about forex at relatively low timeframes (M5, M15). Do you have similar observations? That would be quite logical because I presume that competition is growing with every year. +It strikes me a bunch of us spend a bunch of time handling how to retrieve/stream market data, store it, make sure there's no gaps, handle splits, new listings, delistings, all that stuff. + +Arguably one of the harder parts for running the algos is making sure the data is correct, current, complete and disconnect-safe. + +So it kinda baffles me why so many providers provide an API (request-based and/or streaming)... ...but nobody seems to offer hosted SQL. + +(I get there's QuantConnect and many others that provide full hosted algo services - but that's kinda different; particularly if you want the flexibility to run your own algo privately and perhaps analyse data in ways that are difficult/expensive in a fully managed algo platform). + +There's not really any technical reason why this can't be done; SQL databases such as PostgreSQL are multi-user, support user-based access control, support secure connections, etc. Its less common in a web-dev world to see it, but don't forget SQL (and non-SQL) databases started off as multi-user systems. + +Performance is a manageable concern. For extreme cases replicating to a local or user-managed replica would maximise query performance. + +Features like PostgreSQL's LISTEN/NOTIFY means the database can notify the algo/app of new changes to data (i.e. you don't have to poll with SELECTs all the time). + +Data licensing... ...so far as I can tell its no different than offering customers an API; its non-display usage/redistribution. + +It strikes me that for people who want to write their own algos in their own way in their preferred language (e.g. for me its Go)... ...it'd be helpful not to have to solve all the data management issues from scratch. + +Why does nobody\* offer this? + +NB I do realise that SQL isn't a universal preference, and one specific db vendor's flavour of it wouldn't be either, but nevertheless. + +\*maybe somebody does, I've been through Polygon, IEX, IQfeed, brokers... ...can't find anyone. + +&#x200B; + +Edit: Apologies to replyees for having asked the question and been AWOL for a few days -> will respond on comments as best I can. Thanks :) + +&#x200B; +Hi, + +How do you find your signals? What's the research process like? + +I'm looking over some historical data and I am having trouble figuring out the right approach. I tried outputting some signals and formatting them for Google Prediction API, but that hasn't yielded anything of use. + +Another thing I'm trying is looking at signals of good performers vs signals of bad performers, but I'm having trouble coming up with a good, concrete statistical method of determining whether any individual signal reflects a good performer or a bad performer. + +Thanks +I posted at the weekend regarding profitability percentage when back testing. When u/zame530 commented on it with this “The market is 70% noise and 30% trend. If you are getting 70% profitability then you are most likely using some type of regression approach, 30% if you are only trend following”. This got me thinking and sure enough I’ve compared some of my higher win rate % with lower win rate ones that I’ve added tighter stop to and sure enough. They’re more profitable! This goes against my assumptions that higher win rate = more profits. Now my more successful algos are ones that have around 30%/40% win rate. +Hello there reddit! + +Recently I came across with this [post](https://www.reddit.com/r/algotrading/comments/n6fwap/short_guide_on_crypto_algotrading/?utm_source=share&utm_medium=web2x&context=3) , one of the interresting points what the [BlackBird Bitcoin Arbitrage](https://github.com/butor/blackbird) + +So basically it scans diferent exchanges for diferent prices on a specific crypto, the idea is to buy low in an exchange and sell high in another since there are diferent prices on diferent exchanges - more on that [here](https://www.tokenspread.com/). + +I can guess some negative points right away for example low volume and slow network transfer speeds, has someone tried this? Can this be reliable to the point of profitability? +Lately I have been doing some googling to find whether AI / ML works or not, to my surprise I was not able to find any good source. +In few article it says it works and they list down papers and etc and few say it doesn't works. + +Does anyone here have a first hand experience in ML /AI based trading system? Is it working for you? +I would like to preface this by first saying I really don't care whether or not you personally invest in ARKK or whatever. If you believe in your investments more power to you and I'm not here to bash anyone's choices there's no guarantees in life. + +That said... + +ARKK is the concept of an actively managed mutual fund in the format of an ETF. Long term, study after study after study has shown (in the context of long term investing), an overwhelming majority of actively managed funds do not beat the regular stock market index. Furthermore, ARKK's high expense ratio has the potential to cause significant drag on your earnings if ARK fails to deliver on outperforming the market the next few years. + +So if you would not buy an actively managed mutual fund that sells itself by "outperforming the market" and "picking a collection of innovative stocks", why buy ARKK? It might seem revolutionary as an ETF. But when you view ARKK in it's mutual fund form, [ADNPX](https://www.morningstar.com/funds/xnas/adnpx/quote), ARKK stops resembling some wonder ETF and starts to more accurately resemble what it really is - an active managed fund that's just attempting to rebrand itself. + +The REAL reason why Catherine Wood is a genius is that she has successfully identified and tapped into an new market of investors - young naive investors that follow hype with limited experience with active funds - and sold them on an old idea with trendy new branding. With her success with ARKK, you're starting to see a lot of other actively managed mutual funds release their own ETF versions to buy into this market as well and compete with ARKK. + +The only real way ARKK will prove me wrong and become a legitimate "exceptional" investment is if all of it's other holdings take off like Tesla did. Otherwise, Cathy more or less just got lucky at the right time and place. +Hello everyone! As my user ID and header indicate, I achieved FIRE long before I knew it was a thing. I wish I would have discovered the community much earlier so I could have optimized my journey, but consider myself lucky to be in this position even if the journey wasn't perfect. Without bogging this down with too much detail, I'll share how I got here by accident. + +First, I'll give my overview. I'm currently in my early 50s, became FI about 6 years ago around the age of 47. I've always been starting my own businesses that paid the bills but until recently I never made over $25,000 per year. My most recent business before retiring was as a (self employed) computer engineer, but even my best year doing that was never over $50K. I've always been very frugal, living on a minimum wage type budget no matter how much I was making. I invested the rest (poorly, in hindsight) into either my next business adventure or stocks. As you can tell by my income, not a lot was going into stock in the early years of my investing in the late 90s through Sharebuilder, a few hundred per month at most. I hadn't yet discovered Index funds or ETFs, I got my tips mostly from the Motley Fool Hidden Gems newsletter or my own attempts at stock picking. + +Don't want to bog this down too much with my personal life, but from 1995 to 2005 I lived in New Orleans. Hurricane Katrina pretty much wiped me out down there and forced me back "home" to start from scratch. My father still lived in the same place I grew up in a rural area of Missouri, so this gave me a soft place to land and get back on my feet. Between having that roof over my head and an old friend letting me set up shop in his unused basement I was able to get the computer business off the ground. I quickly was able to save and grow my stock accounts thanks to my low cost of living at the time and the success of the computer engineering business getting some contracts with people needing specialty systems that correlated with my expertise. A lot of my systems went to movie editors, Tesla computing systems, etc. + +After a couple of years I had about 80K in my stock account, and I used this to buy my first properties. I was a group of 2 houses and a garage apt on the same section of land. Purchase price was 35k...only the small 700sq. ft. house was close to livable at the time, so I did the minimum to fix it up so I could rent it for $500 a month. Then I set about renovating the larger house for myself and fixing up the garage apt. to use as another rental. I ended spending another 35k in renovations, all funded by my stock account, which left me with very little. Of course, the market had totally crashed during this time, but most of my money was already out before the worst happened. On the plus side, the two rentals were now bringing in $900 a month on top of my computer business, and my own house was completely paid for, so almost everything I made was going back into savings. Within the year I was able to buy another rental on the same block. Same scenario...distressed property I bought for about 25k, fix up for only about 7k, and was able to rent it for 700 per month. I kept repeating this pattern, buying and renovating everything with cash. Living frugally and reinvesting everything into new properties. After getting about 10 properties I realized I was making more in rent than I was from my computer business, so began to dissolve that and concentrate on the real estate end of things. I kept acquiring property running everything myself until a few years ago I hired a property manager to take care of the day to day. + +Now, I still live frugally on a personal budget of about $800 per month for everything. Of course my house is fully paid for, so I have no rent. And that amount doesn't include any rental related expenses. I arrived at the $800 per month budget by figuring about what I would have left if I lived on minimum wage after rent. I currently have 20 properties that bring in over $10K per month total. My current savings rate is about 90%. I have 2 separate stock accounts. One is leveraged, one is a huge mix of different ETFs. Each gets $2k per month. I also put $2k into my Fundrise account (a real estate investment platform not tied to the stock market) each month. I keep a $10K balance in my savings at the end of every month. This is high, but I never know when a property will need something, and I want to cover anything that might come up immediately so I don't have a trade person waiting to be paid. Everything else goes into a money market fund that I use to fund new RE purchases or as a slush fund if something comes up that isn't covered by my savings account. I also do some private REIT investing in other markets, I started with a $25K investment that I keep rolling over into new solo projects that are getting a 20% return, so that money is growing quickly although I'm not putting any new monthly funds into it. I also use Acorns for a fun little savings account to fund any fun money not in the budget. I have never tapped it yet since I'm able to stay below budget, but nice to know it is there if I get a wild hair. + +At some point some life event might happen that causes me to tap into stock or lower my savings rate, but for now I'm very comfortable still living extremely frugally and watching my net worth grow $10K per month. By the time I hit my early 70s I'm projected to have a net worth of between $5M - $10M, depending on the market and how much RE I continue to accumulate. So, this goes to show that all this can happen very quickly. I went from flat broke, recovering from a hurricane wiping me out to fully FI in just a few years. There are still things I need to work on...tax can be an issue since I don't have access to the usually shelters most people in the community use. RE income doesn't count as earned income, but it does have the advantage of depreciation and other write offs. + +Sorry this was so long, but I wanted to give a complete picture without getting into the weeds too much. I'd be happy to answer any specific questions anyone has. I just discovered the FIRE community by accident through some articles on an investing website about a year ago, so I'm sure this community has a lot to teach me! + +&#x200B; + +Edit, after a few requests, this is how the $800 budget breaks down. + +Maybe I didn't make that clear enough. That doesn't include ANY business related expenses. I don't have a mortgage or rent, my house is fully paid for and I self insure. I came to that basic budget based on what someone making minimum wage would have to spend minus housing expenses, which I estimated I could rent for $500. So full time minimum wage would earn about $1300 a month, minus $500 for imaginary rent. That leaves the rest as follows. + +My Electric - 75 (average over the year) + +My heating Gas - 75 (average over the year) + +My Water/trash - 60 (more or less fixed) + +Cable - 65 (fixed) + +Phone - 35 (fixed) + +Food/groceries/ discretionary $250 + +Cars ins -60 (fixes) + +Gasoline (car) - 50 + +Car repair/licenses fees - 100 + +&#x200B; + +A few notes...I have a few cars that qualify for collectors insurance, which is practically nothing because they are rarely driven. The ones that don't qualify for that low rate I only keep minimum required by state. That is how I insure them all for such a low monthly rate. I'm a homebody, so I don't rack up a lot of miles and rarely hit the $50 allotted for gas each month. I do set aside another $100 for repairs and licensing fees each month in the budget. I can go years without a major repair, so that piles up for whenever it is needed. + +I could break down the food budget better...I only spend about $100 or so a month on actual food. I rarely eat out, and even when I do it wouldn't be more than $15, but that is included in there, too. Also non food groceries and clothes. I usually have at least $50 a month left over unless I need to make sort of out of the ordinary purchase. +Sitting at the desk and doomscrolling media. My roommate yells from his room: + +"Hey! You should look at the charts." + +"I don't need to, mate. The whole world goes to shit. Of course they are in freefall!" + +"Open CoinMarketCap for a sec!" + +Well, how bad can it be?...... WHAT? WHY? How the fuck is everything up double digits? That can not be right. It must be market manipulation. There is a 30% drop coming. Who the hell is buying right now? + +"What the fuck is happening?!" + +"I don't know either. I am scared my man!" + +"Russia is in full economic collapse, Ukraine is under siege. All companies are cutting ties und selling of everything Russian. China is looking at Taiwan like "that's looks juicy". Markets are fearful as fuck and no one knows what the next shit show will be. Bitcoin meanwhile pumps like there is no tomorrow. Maybe there is no tomorrow?" + +"I need to call my mom and say I love her!" + **$ELONONE** is a utility token that powers a revolutionary new gasless NFT marketplace and a play to earn crypto racing game. + +* Gasless NFT Marketplace called AstroZero. +* Play 2 Earn crypto racing game called Rocket Dash +* Vitalik Buterin burned 38% of our supply! +* Liquidity locked for 100 years. +* 13700 holders and rising. +* Low market cap. + +**Gasless NFT Marketplace** + +Elonone will be the token that powers the revolutionary upcoming gasless NFT marketplace called AstroZero. This will bring immense value to the Elonone token due to the high amount of users and transactions expected. + +AstroZero will be putting the artists first. With ZERO gas fees and a tiny transaction fee as low as 0.25%, we will be removing the financial barrier that many NFT artists face when trying to sell their work. + +We strongly believe that people from all parts of the world deserve equal access to reaching their full potential in the NFT space without being hindered by insane gas fees and the extortionate transaction fees that other NFT marketplaces charge. + +There is a huge amount of artistic talent in the developing world and we want to harness that and give these people the means to improve their lives, the lives of their families, and also to improve the communities around them. + +Not only will zero gas fees and 0.25% transaction fees attract huge numbers of artists but it will also attract a large user base that wants to get real value for their money. + +We aim to quickly take a large market share and will work towards becoming the number one NFT marketplace as quickly as possible. + +**What will make the marketplace rise above the competition?** + +* Zero gas fees. +* Lowest transaction fees in the industry at 0.25% +* Unmatched UX. The marketplace will change its design and feel depending on what category of NFTs you are viewing. There is no other marketplace like it. +* Drops Feature - Will allow artists to create a an ERC-721 smart contract (NFTs) with just a few clicks on AstroZero with numbers of up to 10,000, add unique rarity properties (e.g. 1% are gold, 4% are silver etc). Then they will be able to host their drop on AstroZero, or their own website. This will be FAR cheaper for the artist than doing it themselves. +* Determined team containing NFT artists and developers that have been highly successful in the crypto industry. We will strive to make AstroZero THE NFT marketplace of choice for the majority of NFT artists and investors alike. +* Hundreds of NFT artists are ready to sign up on launch and have collections ready. Among these are well known celebrities and NFT artists. This will bring mass exposure and users from their large fanbases. +* Mass marketing campaign for and after launch. We will leave no stone unturned when it comes to letting the world know. + +**Play 2 Earn Crypto Game** + +Elonone will also be the token that powers a new play 2 earn crypto game called Rocket Dash. This game will be a racing game similar to Zed Run. + +In Rocket Dash the player will be able to race his rocket against the competition for prize money and users will also be able to bet on the outcome of races. + +Rockets will be upgradeable and parts for the rockets will be available as NFTs sold on the AstroZero NFT marketplace. + +If you are wondering what value this will add to the token then just think of the success that Axie Infinity and Zed Run have had. You should expect to see similar here. + +Crypto gaming is huge and is expected to grow at a rapid pace in the coming months so we expect the token to benefit massively from having its own crypto game. Having the game linked to the marketplace will also add even more to the tokens value. + +**Vitalik Buterin burned 38% of our supply** + +* On October 31st, Vitalik Buterin burned 38.7% of the total tokens supply! +* This not only increased the scarcity of the token, which in turn raises its value, but it also created a huge burn wallet that has made the token deflationary. +* Over time we expect this to add a lot of value to the token especially when the transactions from AstroZero and Rocket Dash start to ramp up. + +**Liquidity locked for 100 years** + +The Elonone Developer wanted to create a safe token for investors to invest in. He provided the liquidity himself and locked it for 100 years. He will never be able to access the liquidity he provided in his lifetime. + +He did this to ensure that Elonone investors have piece of mind when it comes to the security of their investment. This is how crypto should be and you should never settle for anything less. + +**13700 holders and rising** + +Elonone has a strong, loyal community that is growing daily. + +With the project we are building it is easy to see why. + +**Low market cap** + +At the time of writing this post, we currently sit at a market cap of $6.5m. + +We are currently flying under the radar. This will change once our mass marketing campaign begins. + +Now is a great time to invest with what is coming in the near future. + +**Tokenomics** + +2% tax that gets redistributed to all holders on every buy, sell, and swap. + +It pays to hold our token. Especially as it becomes more scarce due to the burn wallet that Vitalik Buterin himself created. + +**Info** + +* AstroZero and Rocket Dash are due to be released in Q1 this year +* $ELONONE token is available to buy on Uniswap, Hotbit, and Whitebit +* Liquidity locked for 100 years +* Listed on CG + CMC +* Strong community rising daily +* Whitepaper released and available on the website +* Contract: 0x97b65710d03e12775189f0d113202cc1443b0aa2 + +**Links** + +📈Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b](https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b) + +🗣Facebook: [https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share](https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share) + +📱Telegram: [https://t.me/astro\_elon](https://t.me/astro_elon) + +🤝Audit: [https://solidity.finance/audits/AstroElon/](https://solidity.finance/audits/AstroElon/) + +🔐Liquidity Lock: [https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE](https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE) + +💻Discord: [https://discord.gg/aKUCQtVRFf](https://discord.gg/aKUCQtVRFf) + +🦎CoinGecko: [https://www.coingecko.com/pt/moedas/astroelon](https://www.coingecko.com/pt/moedas/astroelon) + +🔗CoinMarketCap: [https://coinmarketcap.com/currencies/astroelon/](https://coinmarketcap.com/currencies/astroelon/) + +🌎Website: [https://astroelon.net/](https://astroelon.net/) + +🐦Twitter: [https://twitter.com/AstroElon](https://twitter.com/AstroElon) + +💬TG Announcements: [https://t.me/astroelonannouncements](https://t.me/astroelonannouncements) +My roommate has asked that I pay the gas bill since I WFH, while they'll be heading into the office from 9-5. Before this, they were home with me, day to day. + +Our gas bill was quite high this month ($240), which they attribute to me using the heat often (which I do, because it's cold). My gas bill in this apartment from last year was also around the same amount ($233), so YoY gas usage has not increased by much, however, I was living with a different roommate at that time, so to my current roommate, this comes as a shock. + +My roommate quit their corporate job and took a leap of faith to work in the creative industry, so they've been very mindful about money/spending. I get this, but also don't think it's fair that these shared living costs get passed off to me. I also furnished the entire apartment and haven't asked them to pay more in rent, despite them using my furniture/utensils more than I do, if I'm being honest. + +Lastly, we get charged a flat flee for utilities, regardless of whether we use the service or not. + +EDIT: this is getting quite a bit of attention and most of my responses seem to be getting downvoted to hell (which is fine!) but do note that i appreciate the advice given here. i will likely just stop using the heat all together throughout the day, and opt to get a heated blanket. it feels petty to lean into this nickel and dime arrangement and i'd rather not set that precedent moving forward. +I’ve finally stacked enough liquid cash to start some serious investing and Bitcoin is on my hit list. The market is down and the timing seems perfect but for some reason I’ve gone chicken shit and can’t pull the trigger. + +Should I buy a whole Bitcoin right now or should I wait? Maybe buy half now and see if it goes lower? + +Part of me thinks the Ukraine war still has a possibility of escalation and markets are just beginning to see the real turmoil that may come. + +What are your thoughts? +i got denied for food stamps again because my income is just barely over the government requirements. if you ask me, it's bullsh*t. if i could afford food i wouldn't be applying for food stamps to begin with. i've been eating pb&j's for every meal for a week now. is anyone else in the same boat? aside from food pantrys where could I get something other than ramen until i can figure out if i can appeal this??????? +i got denied for food stamps again because my income is just barely over the government requirements. if you ask me, it's bullsh*t. if i could afford food i wouldn't be applying for food stamps to begin with. i've been eating pb&j's for every meal for a week now. is anyone else in the same boat? aside from food pantrys where could I get something other than ramen until i can figure out if i can appeal this??????? +Disclaimer - this is just what I have been told. + +After my withdrawal request not going through and my winnings for this month not being transferred either, had to call NS&I. There was a security stop on the account. + +Despite me last last month doing a £50 test withdrawal to my Chase account, asking for everything else to be withdrawn after May draw flagged up security check. But didn't notify me. + +During the check I asked what the problem was and was told that at the moment they 'cannot very Chase accounts' and I asked what they meant by verify - bit vague but talked about a system generating a 'score'... + +So to avoid wasting time move your money to a different account first (from the way she talked the account you used when initially opening the account seems to be favourite) and then move it to Chase. + +BTW another good win this put my premium bonds at about 1.2% for the year on £46-50k +Let's say you're on Step 6.5 of the Prime Directive and have $10k cash available that you were planning to spend on some more VOO... until everyone started screaming about I-Bond returns going up again. + +I'm torn. Yes, it's a guaranteed return, but it's effectively a 0% "real" return due to inflation, while there's no cap on how VOO might perform this year. Sure, last time inflation was this bad in the 70s, the S&P had lower than average returns over the same period... but it also had insanely high returns in some years (>30% in 1975, >25% in 1980). + +I may be wrong (hence this post looking for other opinions), but isn't buying I-Bonds right now instead of more VOO or VTI sort of like saying "the market isn't going to do better than 9% in the next year" (i.e. "timing the market") vs. "I don't know what the market is going to do, but it usually does better than 9%, so I'm going to buy more VTI/VOO" (i.e. "time in the market")? + +There's also the matter of the I-Bond returns being taxable at the higher interest income tax rate, which would likely be realized as soon as inflation gets back under control and the I-Bonds are redeemed to reallocate the capital (after giving up the last 3 months of interest for effectively 0% growth during that period), while gains from buying & holding VTI/VOO would be taxable at only 15% (or perhaps 0% if held till retirement and retirement income is kept under the 0% cap gains threshold). + +Again, trying to look at this decision from the perspective of someone far along on the Prime Directive, not somebody choosing between contributing to their IRA or keeping a healthy emergency fund. It feels like a decision where you can't know if you're making the right one until you actually see what happens over the next 1-5 years... and even then the difference might be so small that it hardly matters. + +Am I overthinking it? +Hi everyone, + +I posted this on Tuesday at /wallstreetbets but I figured I'd spread the word. + +Those of you who bought SNOW earlier have been seeing a lot of green numbers lately, which is great with this astronomical price but I hope you realise only 10% of total shares (24M out of 240M) are currently in float. + +The rest is held by founders, employees, like CEO Frank Slootman who has a share strike price of $8.88 (he only came in April 2019 so you can be sure there are plenty of people in the company with cheaper stock options) and exclusive investors who were offered to buy it before the IPO for a maximum of $120 a share. Now those remaining 90% of shares are currently in lock up period but the first 11M of those are gonna be unlocked on Monday, Dec 14 and there's most likely gonna be a fire sale at these returns. 15 days after that, if the price holds above $160 for 10 of 15 consecutive days, another 37M shares are unlocked, which means triple the float by January and all of those people bought it for pennies compared to retail investors. + +I strongly recommend Steven Fiorillo's article on Seeking Alpha from Tuesday, which goes in depth to analyse the fundamentals and valuation. + +Snowflake is a fine company with potential but is worth nowhere near current insane levels, even if you drink their marketing kool aid. And if you're thinking if Warren Buffet bought it, it's good enough for me, then rest assured Berkshire most likely paid less than $120 for a share. + +Greed is good as long as you're not too greedy. Cash out and take profits now before you'll get a rude awakening next week. + +You're welcome. +This was his first video interview in a couple of years (the whole thing can be found on GMEDD.com). He speaks about GameStop, investing, and they even go through a bunch of his tweets together. + +I snipped out a portion where he talks about why he sold his stake in BBBY. Clearly he isn’t able to say much, but he was able to give a general explanation for why he sold. + +He admits that he simply did not want to see a guy f*%#ing a watermelon. Jk 😂 +https://www.nasdaq.com/market-activity/stocks/htz/insider-activity + +55m shares sold vs 12k purchased. In the past few weeks the management has been doing nothing but selling. + +At the same time, they will be issuing $1 billion in new common stocks. The judge gave the go-ahead yesterday. + +https://edition.cnn.com/2020/06/12/investing/hertz-stock-sale-bankruptcy/index.html + +Don't buy this shit. It's pure evil. +Emergency funds are something I don't see mentioned very much outside of "only invest what you can afford to lose". While it is good advice, it is very possible that we experience a recession in the near future and having an emergency fund is really important right now. + +For those who don't know what an emergency fund is, it's essentially a sum of money (yes, FIAT) that you set aside for large unexpected expenses such as job loss, unforeseen medical expenses, etc. I know current prices are tempting to just buy crypto but if and when we go into a recession, it's better to be safe than sorry. + +The amount that you should put into an emergency fund is different for everyone and depends on what kind of support you would have if something happened. I generally stick to having enough stashed away to support myself for at least 3 months but depending on your situation, you may want more. + +I know it's hard enough to set aside any money with prices being so high right now but having an emergency fund is more important than buying the dip. +Hello! +I'm really sorry if this is the wrong sub, but I wasn't sure who else to ask. + +I'm working on paying off all of my credit card debt, and then cancelling each card once the balance reaches zero. I recently paid off my Target Store credit card and called to cancel the card. The agent was very upset (and pretty rude) but I stood my ground and he finally said, "ok, fine. I'll process the cancellation now." Fast forward three weeks, and I got my usual statement from Target, (with a balance of zero) but clearly showing that my card was still active. So, I called again, explained the situation, and was assured that it was a mistake and they would shut off my card immediately. + +Now, this morning I got my usual monthly statement form Target again! I want to cancel this card and it's feeling like they are refusing to let me. Does anyone have any advice? Is there an authority I can contact? Am I doomed? + +Edit: Please don't tell me to keep the card and just not use it. I'm doing this to get myself out of debt and remove my ability to easily get back into debt. I understand that it might not be the best move for my credit score, but my mental well-being is more important to me. +Update 3: Hey been getting too many messages from normal people who invested in shib asking me to take this down, and I'll somewhat oblige. DYOR and all that. + +Look, you've seen what happens on small exchanges and a smart contract audit is basically meaningless, there are countless other attacks possible -- many which are done as inside jobs. I do not recommend ShibSwap + +My last word on this: I still think the best place to buy and hold shib is Binance, or another large reputable exchange that has marketed it. They're invested in the success of the coin. + +I don't really have an opinion about the price. It's anybody's guess. +So many posts have people posting about their $100k+ jobs, which I will never earn since all choices in my life have been the wrong ones. It would be too costly and set me back too much to try to get a better earning degree. So do I have a chance? +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. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Direct Changed|Indirect Changed|Total Changed +--------|-----:|-----:|-----:|--------: +[SWET / Solar Wind Energy Tower, Inc.](https://fintel.io/n/us/swet)|2|154,166,667|0|154,166,667 +[ADAP / Adaptimmune Therapeutics plc](https://fintel.io/n/us/adap)|10|6,571,164|59,140,476|65,711,640 +[TCON / TRACON Pharmaceuticals, Inc.](https://fintel.io/n/us/tcon)|10|707,964|6,371,676|7,079,640 +[THM / International Tower Hill Mines Ltd.](https://fintel.io/n/us/thm)|1|6,676,852|0|6,676,852 +[SCY / SCANDIUM INTERNATIONAL MINING CORP.](https://fintel.io/n/us/scy)|2|5,555,556|0|5,555,556 +[OCX / OncoCyte Corporation](https://fintel.io/n/us/ocx)|1|3,968,254|0|3,968,254 +[BOXL / Boxlight Corporation](https://fintel.io/n/us/boxl)|1|0|2,190,028|2,190,028 +[DDR / DDR Corp.](https://fintel.io/n/us/ddr)|3|2,033,703|0|2,033,703 +[IMTL / Image Technology Laboratories, Inc.](https://fintel.io/n/us/imtl)|3|1,601,111|0|1,601,111 +[IGSC / IGS Capital Group Ltd.](https://fintel.io/n/us/igsc)|2|705,127|705,127|1,410,254 +[IDI / IDI, Inc.](https://fintel.io/n/us/idi)|2|1,260,000|0|1,260,000 +[NVTA / Invitae Corp.](https://fintel.io/n/us/nvta)|1|0|1,111,111|1,111,111 +[EMG / Emergent Capital, Inc.](https://fintel.io/n/us/emg)|2|236,000|552,431|788,431 +[FENC / Fennec Pharmaceuticals Inc.](https://fintel.io/n/us/fenc)|7|326,280|386,326|712,606 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Direct Changed|Indirect Changed|Total Changed +--------|-----:|-----:|-----:|--------: +[SWWE / Southwestern Water Exploration Co.](https://fintel.io/n/us/swwe)|1|-93,480,769|0|-93,480,769 +[PUSH / Publix Super Markets, Inc.](https://fintel.io/n/us/push)|1|-92,210|-14,970,080|-15,062,290 +[VII / Vicon Industries, Inc.](https://fintel.io/n/us/vii)|1|0|-7,284,824|-7,284,824 +[CISN / Cision Ltd.](https://fintel.io/n/us/cisn)|3|-5,799,126|-813,374|-6,612,500 +[CAPA / Capital Art, Inc.](https://fintel.io/n/us/capa)|1|0|-6,420,000|-6,420,000 +[FSCT / ForeScout Technologies, Inc.](https://fintel.io/n/us/fsct)|13|-867,306|-4,604,279|-5,471,585 +[EYE / National Vision Holdings, Inc.](https://fintel.io/n/us/eye)|8|-10,426|-3,559,636|-3,570,062 +[MXSG / Mexus Gold US](https://fintel.io/n/us/mxsg)|1|-3,507,000|0|-3,507,000 +[ADAP / Adaptimmune Therapeutics plc](https://fintel.io/n/us/adap)|2|0|-2,096,134|-2,096,134 +[ROKU / Roku Inc](https://fintel.io/n/us/roku)|2|0|-1,596,131|-1,596,131 +[PAG / Penske Automotive Group, Inc.](https://fintel.io/n/us/pag)|1|-1,133,016|0|-1,133,016 +[FENC / Fennec Pharmaceuticals Inc.](https://fintel.io/n/us/fenc)|2|-795,798|-109,217|-905,015 +[TWTR / Twitter, Inc.](https://fintel.io/n/us/twtr)|2|-36,694|-509,506|-546,200 +[RP / RealPage, Inc.](https://fintel.io/n/us/rp)|2|-276,184|-188,968|-465,152 + +*Count* column is number of transactions. *Direct Changed* columns are shares bought/sold +that were held *directly* by the reporting person. *Indirect changed* are shares bought/sold +that were *indirectly* held by the reporting person, such as those held by spouses or other family members. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I’m an American in the US, wife has British and EU citizenship. I’ve got 28 units all within about 2 hours of where I live, some with a PM but most managed by myself. + +We’re having the kids discussion more and more, and my wife is getting more adament that she wants her kids to grow up in Europe with her family nearby. I don’t love the idea of moving to Europe, but it’s not the hill I’ll die on. Thing is, I have absolutely no clue what to do from the perspective of expanding my portfolio. + +My current units I can hand off to a PM, the cash flow is there, especially when you take into account the lower COL. I had a decent side hustle flipping 2 or 3 houses a year but I haven’t been able to make the numbers work in a while. + +My real problem is I don’t know anything about investing in Europe. How the mortgages work, the tenant laws, which countries, etc. and I have no idea where to start. I spent a decade learning and experiencing US real estate and feel I’d need to start all over, likely with worse laws for RE investors. + +My other option is trying to make acquisitions in the US from Europe, but I’ve never bought a property I can’t drive to before. + +So, my questions are: +1. Why should I choose buying properties in the EU instead of remotely in the US or vice versa? +2. If I should choose the EU, what resources should I start looking at to understand the markets and protocols? + +Should I choose to buy in the US remotely, I’ve got more or less as good an understanding as one can get without actually doing remote purchasing. I have a market I know like the back of my hand and contacts to cover property management and the like, and have a couple backup markets I know well too. But there’s still a big jump to actually doing it +I'm 29 and want to be a landlord and want to know all I can. I know this is going to be a heavy first step, but I wanted to combine my house hunt with getting my foot into the door into renting property. + +My partner and I make a combined 50k and We have up to 100k in savings for downpayments, expenses, ect. + +I know a 200-250k house would be out of my price range, normally, but rent around here (Bradenton Fl) fetches $1000-1200 for half a house and people are desperate enough to grab it up. + +My plan was to grab a duplex around 230k to live in and rent out the other half, giving me an experience in homeownership with less mortgage AND an experience in being a land lord while being close to my tenets. + +That way everything can be more lenient on our bills and I can save money to move to a bigger property in the future while renting out the other half of this duplex years down the road. I know it's a tough journey, but it is something I'm willing to do and put time, money, and effort into. + +I'm, by no means, an expert or even experienced in this topic but it's something I do want to do in the future. If anyone has any advice about making this venture successful or even if you believe it's a bad idea and shouldnt go through with it anything would be appreciated and ill respond to and consider any piece of advice. Thank you for all your time and help! + +&#x200B; + +Edit: And I am looking into better job opportunities to increase my income and buying power. I'm just currently living with my father and It's about time I move on. It's a little late for me to make any career choices within the next year or so as I want financial stability when I move out, but once I do I'm going to look into trade apprenticships around the area. +The returns arrived a couple days after she passed, she had already filed. My bank won't touch them since they're not made out to me for obvious reasons. I opened a small estate at the courthouse, but the bank says that's not good enough to open an estate account (even though that's what they told me to do in the first place.) + +How can I negotiate these checks? Taking about under 5k. Am I better off asking to have them reissued? They're all from the government (she worked for the state) so that's a bit daunting. I'm just looking to cover the expenses I pulled from savings for her cremation, service, etc. The rest is going in the kids' college fund. Appreciate any advice. +So my wife and I are wanting to sell our house. + +Our neighbors know some people who want to pay cash, I'll be calling them soon to talk. What are some questions I should ask? + +Also what are the pro's and con's to doing personal sale by owner versus a realtor? I'm sorry for the question being broad, I just don't know what to do and it's stressful. + +Any help is greatly appreciated! + +Edit: wow thank you everyone so much, I was not expecting this much help and direction. I appreciate everyone's insight. We are going to speak with some realtors about their fees and see what we can negotiate and go from there. I won't be able to reply to everyone, but I hope you all have a great year! +I have seen quite a few mentions of purchasing Series I Savings Bonds in the comments here lately and I figure that as people start to make financial plans for 2022 I should point out (like the title says) that you can purchase up to $5,000 in paper Series I Savings Bonds with your tax return. This is done using IRS form 8888 when you file your taxes. This $5,000 does not count towards your $10,000 annual purchase limit for Series I Savings Bonds in TreasuryDirect. + +There are some caveats to the program, the biggest being that you can only make a purchase with your tax refund (if you are entitled to one). Also, you do not get to choose the bond denominations that you will receive, and they have to be ordered in $50 increments. + +If you do not want to keep them in paper form, it is very easy to convert the paper bonds into your TreasuryDirect account after you have received the paper bonds. + +More information about this option can be found [here](https://www.treasurydirect.gov/indiv/research/faq/faq_irstaxfeature.htm). Information about I Bonds rates can be found [here](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm). + +Edit: Only applicable to U.S. citizens. + +Disclaimer: This content is for informational purposes only, you should not construe this information as legal, tax, investment, financial, or other advice. +So, I've been reading this sub for a while and there is a ton of great advice here about how to set up your savings to optimize your gains, and just good general financial knowledge which I would put (at the risk of sounding conceited) as a higher level knowledge than what is found in /r/personalfinance; the next tier, so to speak. + +My wife and I have spent years paring down our spending to a level which is consistent with the lifestyle we want. However, with my income, I'm not achieving the dollar amount of savings I would like. My solution was to pick up some side work. If you read my comment history you may find sporadic posts about doing some contract engineering on the side. I've only been doing it for a few months and the pay is pretty decent. However, I decided to stop and give up this extra income. I was set to make in the range of $10-$20k a year extra and I'm giving that up. The reason I'm giving it up is for more time. + +I have a tendency to get so wrapped up in thinking about the extra income that I totally forget about the negative impact it will have on my day-to-day life. With this side work, I was only averaging about 4 hours per week, but it was starting to increase and I wanted to nip it in the bud before it got out of control. I didn't find myself having the time/energy to focus on my hobbies. My wife and I are trying to live a more meaningful, intentional life and I discovered that this extra work was not in line with those values. + +One effect it was having on me was it was preventing me from fully engaging when I play with my kids in the evenings. I'd get home and play with them and be physically present, but I wasn't engaging mentally and that was a huge red flag. I will never get this time back with my children and I want to be fully engaged with them as they play and learn and grow. As I played with them I'd just be thinking about the work I have to do once they go to bed. It wasn't making me happy, just anxious. + +Another negative impact was it was impeding on my quality time with my wife after the kids go to bed. She'd just fall asleep on the couch and I'd go downstairs to work. This is not cool. My wife is the most important person in my life and I was not demonstrating that. + +Lastly, I was having no time to focus on my hobbies. I am into woodworking and only see that hobby growing. One reason I want to RE is so I can spend more time designing and building furniture. This is one of my passions. I need to be spending my time doing this, not contract engineering so I can beef up a bank account somewhere. + +As per the advice of the sticky thread on this sub, I have identified the life I want and am saving for it. I'm still able to save ~20% of my income, but now I get to enjoy the journey. Yes, I'll have a slower time to retirement, but if that means I get to enjoy every day, then so be it. + +I am sharing my story because I'm hoping it might inspire someone who is in the same position I was; spending all their time making money for some future and not fully engaging in the present. Is it worth retiring a couple years earlier if you spend the next 20 dead inside? + +tl;dr - I stopped doing my side work so I could have more time with family, friends, and hobbies. +We often hear stories here about how people got into AMD or NVDA at $10. That's fantastic but I would like to know: + +> **How did you find these great buys and can we duplicate your process?** + +And + +> **Using that same method, what current stocks look like the next AMD or NVDA (before they mooned)?** + +We're especially interested in stories that describe a great research method that hopefully we can duplicate. + +A couple of caveats: + +* You can share other stories that's not AMD or NVDA, but try to keep it in the tech growth sector if possible. + +* Try to avoid stories of "Well it was so cheap so I just Yolo" or "I heard it on Reddit." That's great for you but it's not a process we can duplicate. Remember, it must be a "high conviction" buy for you, not just a random dart throw. +BECAUSE I CANNOT STRESS THIS ENOUGH, I AM REPOSTING THE TEXT VERSION OF THE COINTELPRO DOC FOR PEOPLE TO READ. A RABID BIZNESSMAN INSIDE. + +**TLDR FOR THE CHIMPS: HOLY SHIT A SCRIPT ON HOW TO DESTROY A COMMUNITY, SURE WOULD HATE FOR THIS TO JUST BE CASUALLY LEFT OUT IN THE O- WHOOOOOOOOOOOOOOOOOOOPS** + + + + +[JUST TAKING OUT THE TRASH, DON'T MIND THESE PAPERS I DROPPED](https://preview.redd.it/ldcbcpyi9tu61.png?width=512&format=png&auto=webp&s=aac2a54254a15b23bfdb93b11b3c319c65373d29) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1. COINTELPRO Techniques for dilution, misdirection and control of a internet forum +2. Twenty-Five Rules of Disinformation +3. Eight Traits of the Disinformationalist +4. How to Spot a Spy (Cointelpro Agent) +5. Seventeen Techniques for Truth Suppression + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. + +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +**Technique #1 - 'FORUM SLIDING'** + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +**Technique #2 - 'CONSENSUS CRACKING'** + +A second highly effective technique (which you can see in operation all the time at [www.abovetopsecret.com](http://www.abovetopsecret.com/)) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +**Technique #3 - 'TOPIC DILUTION'** + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +**Technique #4 - 'INFORMATION COLLECTION'** + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favourite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favourite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +**Technique #5 - 'ANGER TROLLING'** + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +**Technique #6 - 'GAINING FULL CONTROL'** + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +**CONCLUSION** + +**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Twenty-Five Rules of Disinformation + +*Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.* + +**1.** Hear no evil, see no evil, speak no evil. **Regardless of what you know, don't discuss it** \-- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +**2. Become incredulous and indignant.** Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +**3.** Create rumor mongers. **Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations.** Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +**4. Use a straw man.** Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +**5. Sidetrack opponents with name calling and ridicule.** This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +**6.** Hit and Run. In any public forum, **make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded**, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +**7.** Question motives. **Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias.** This avoids discussing issues and forces the accuser on the defensive. + +**8.** Invoke authority. **Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows'**, and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +**9.** Play Dumb. No matter what evidence or logical argument is offered, **avoid discussing issues except with denials they have any credibility**, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +**10. Associate opponent charges with old news.** A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +**11.** Establish and rely upon fall-back positions. **Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made** \-- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +**12.** Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, **paint the entire affair as too complex to solve**. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +**13.** Alice in Wonderland Logic. **Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic** which forbears any actual material fact. + +**14.** Demand complete solutions. **Avoid the issues by requiring opponents to solve the crime at hand completely**, a ploy which works best with issues qualifying for rule 10. + +**15. Fit the facts to alternate conclusions.** This requires creative thinking unless the crime was planned with contingency conclusions in place. + +**16. Vanish evidence and witnesses.** If it does not exist, it is not fact, and you won't have to address the issue. + +**17. Change the subject.** Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +**18. Emotionalize, Antagonize, and Goad Opponents.** If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +**19. Ignore proof presented, demand impossible proofs.** This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +**20.** False evidence. **Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations** \-- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +**21.** Call a Grand Jury, Special Prosecutor, or other empowered investigative body. **Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion.** Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +**22. Manufacture a new truth.** Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +**23. Create bigger distractions.** If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +**24. Silence critics.** If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +**25. Vanish.** If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Eight Traits of the Disinformationalist + +**1) Avoidance.** They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +**2) Selectivity.** They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +**3) Coincidental.** They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +**4) Teamwork.** They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +**5) Anti-conspiratorial.** They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain.Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +**6) Artificial Emotions.** An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +**7) Inconsistent.** There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +**8) Time Constant.** Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How to Spot a Spy (Cointelpro Agent) + +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +**1)** The message doesn't get out. + +**2)** A lot of time is wasted + +**3)** The activist is frustrated and discouraged + +**4)** Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +* "You're dividing the movement." + +\[Here, I have added the psychological reasons as to WHY this maneuver works to control people\] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed mask of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +* "You're a leader!" + +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudoidentification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudoidentification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" \[self-concept\] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. \[self-concepts\] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments \[do not have a good idea of their own self-concepts and that they ARE concepts\] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +**Some agents take on a pushy, arrogant, or defensive manner:** + +**1)** To disrupt the agenda + +**2)** To side-track the discussion + +**3)** To interrupt repeatedly + +**4)** To feign ignorance + +**5)** To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +**Saboteurs** + +Some saboteurs pretend to be activists. She or he will .... + +**1)** Write encyclopedic flyers (in the present day, websites) + +**2)** Print flyers in English only. + +**3)** Have demonstrations in places where no one cares. + +**4)** Solicit funding from rich people instead of grass roots support + +**5)** Display banners with too many words that are confusing. + +**6)** Confuse issues. + +**7)** Make the wrong demands. + +**8)** Compromise the goal. + +**9)** Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +**Provocateurs** + +**1)** Want to establish "leaders" to set them up for a fall in order to stop the movement. + +**2)** Suggest doing foolish, illegal things to get the activists in trouble. + +**3)** Encourage militancy. + +**4)** Want to taunt the authorities. + +**5)** Attempt to make the activist compromise their values. + +**6)** Attempt to instigate violence. Activisim ought to always be non-violent. + +**7)** Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +**Informants** + +**1)** Want everyone to sign up and sing in and sign everything. + +**2)** Ask a lot of questions (gathering data). + +**3)** Want to know what events the activist is planning to attend. + +**4)** Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of committment. + +**Recruiting** + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +**Surveillance** + +**ALWAYS** assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +**Scare Tactics** + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters \[emails\] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: *To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests*. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Seventeen Techniques for Truth Suppression + +*Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party.* + +**1. Dummy up.** If it's not reported, if it's not news, it didn't happen. + +**2. Wax indignant.** This is also known as the "How dare you?" gambit. + +**3. Characterize the charges as "rumors" or, better yet, "wild rumors."** If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +**4.** Knock down straw men. **Deal only with the weakest aspects of the weakest charges.** Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +**5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger."** Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +**6.** Impugn motives. **Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth** but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +**7. Invoke authority.** Here the controlled press and the sham opposition can be very useful. + +**8. Dismiss the charges as "old news."** + +**9. Come half-clean.** This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +**10. Characterize the crimes as impossibly complex** and the truth as ultimately unknowable. + +**11. Reason backward**, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +**12. Require the skeptics to solve the crime completely.** E.g. If Foster was murdered, who did it and why? + +**13. Change the subject.** This technique includes creating and/or publicizing distractions. + +**14. Lightly report incriminating facts, and then make nothing of them.** This is sometimes referred to as "bump and run" reporting. + +**15. Baldly and brazenly lie.** A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +**16.** Expanding further on numbers 4 and 5, **have your own stooges "expose" scandals and champion popular causes.** Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +**17. Flood the Internet with agents.** This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +i work in a call center at a credit union and i've gotten used to being brushed off, cussed out, threatened, given one calculated sob story after another, and so on. i haven't had a moment where i truly heard myself in the person on the line. + +until this morning. + +when i was in high school, my father had custody of me and my much younger sister. he is an alcoholic and a narcissist. he'd run out of luck with his latest sugar mama and she'd kicked all three of us out of her house. i was a junior, taking AP courses, working part-time and cultivating my extracurriculars because i had one goal: getting into a college far far away. college was my guaranteed out. but suddenly, we were living in a motel room almost an hour away from my school, i had to quit my job (and the only source of income i had that my father couldn't turn into vodka), and i had to scale back on my activities. all of my sister's and my personal belongings that couldn't fit into the trunk of his car were "put into storage", a euphemism i later found out meant he'd either sold or tossed them in a dumpster. he'd often forget to pick me or my sister up from school, so we'd beg rides from friends just to get home, meaning lots of my peers were aware i was homeless and living in a motel 6 outside of town. + +it could have been the beginning of the end for me, but i chose to fuel that suffocating impotence into making sure i was never in that position again. i got into that far away college, i sent my sister away to good relatives, and i started doing better. i felt better. most importantly, i do not talk about that long, demoralizing year. + +the call i got this morning brought it all back. she started off by letting me know she was staying in a hotel with her kids for a bit and had charged an extra day, but she noticed she'd gotten 2 overdraft charges. i let her know that the clerk at the motel had charged both her original stay and the additional night but that it was likely to revert to the final amount by tomorrow. viewing her account, i saw that she'd also charged a moderate amount at a body shop the day before. when i let her know that the body shop charge was likely what overdrafted her, she began crying. shamefully, she admitted she was homeless after leaving her partner and the $60 in fees could afford her and her children another night in beds. she'd gotten necessary fixes on the car because she knew by this weekend, they'd be sleeping in it and it's been forecast to snow. without hesitation, i refunded the fees, recommended one of our kindest representatives who could talk to her about an emergency loans, and gave her my direct extension and told her she could call me if there was ever another issue so that she didn't have to repeat her story to anyone else. and then i sat on the phone with her while she cried, just a minute or two, but it seemed like she needed that moment of letting it all out without her kids seeing. + +it's been three hours since that call and i've had to step out twice to cry in private and i'm tearing up now even typing this out. i'm doing better, emotionally and financially, i know that, but hearing her story put me right back in that motel bathroom crying before school every morning. + +poverty is something that changes you, permanently, and i am so, so thankful for this sub for trying to help people like me, my sister and that woman so that while you'll never truly forget that helpless, drowning feeling, we can all try to put it behind us. +So the bottom is probably in or at least close to it, but this is the first time since 2018-2019 I’m getting worried about crypto in the long term. The continuing bad news about FTX every day keeps showing how much of an utter scam they were and this doesn’t instill a lot of confidence in the public for the second largest crypto exchange in the world. + +I know Mt. Gox was back in 2013-2014 where 60-70% of people used it for their main exchange but it just feels like way more people are affected by this recent episode. We’re having multiple exchanges/lending platforms go under every other week it seems and fear seems to be pretty prevalent. + +TL:DR- kinda getting unsure about crypto for the coming years so this is a buy signal. +President is pledging to give $30 in Bitcoin to every El Salvadoran. + +With a population of 6.4 million, that’s over $150 million in + +This is huge for Bitcoin. + +This is the biggest crypto mass adoption ever in the history + +President of el Salvador has already pledged to mine BitCoin through natural resources + +Seems like Satoshi dream is coming true +If you have been consistently profitable for a while now, what was the “lightbulb” moment that took you to a place of consistency? Was it a strategy breakthrough, a mental hurdle, etc.? + +I have been studying and working at this for about 1 year now, and while I am much further along than 12 months ago, I still have a ways to go until I lock in a strategy that fits me. So would love to hear from you more experienced traders what your “aha” moment/s was/were. +Self admitted dumb ass here. So on 16 Oct I bought $20K of $PTON and $20K of $NIO (buy high sell low, amirite?). + +Both have pretty much shit the bed as soon as I bought. + +Do I sell for about a $2800 loss and go learn how to trade or do one or both of them have some near term upside so I hold a bit longer and go learn how to trade? + +New and humorous ways to tell me I’m a dumb ass are always welcome. +# And we're back + +This is a continuation from [part 1](https://www.reddit.com/r/Superstonk/comments/ovs64k/a_cyclical_history_of_tomfuckery_in_gme_part_1/?utm_source=share&utm_medium=web2x&context=3) since I used so many images in explaining myself. + +# So, we have some options in line pun + +The shaft of the McDICK era was seen to have a noticeable constantly linearly decreasing value from \~2016 to \~2019. + +[Porn Version](https://preview.redd.it/ycsnj6idxqe71.png?width=624&format=png&auto=webp&s=e668a75c05ca16b5634c0662a6582780fab209b1) + +&#x200B; + +[Non-Porn Version](https://preview.redd.it/jjhmnouexqe71.png?width=624&format=png&auto=webp&s=ad3f993783943d4b757155f097ceeea5ac01b249) + +From the OBV, it does not appear that retail is causing the price drop, let’s check out the VIX and see what fucking happens when we put these together!!! + +# GME must be a woman because it has a cycle + +While the VIX R\^2 may not be the highest check out the fucking regression equation. + +https://preview.redd.it/cfkihubhxqe71.png?width=624&format=png&auto=webp&s=77729f5d97db9c6faf0ee27d304389a58ae69658 + +During this time, GME and VIX were decreasing at THE SAME FUCKING RATE. + +https://preview.redd.it/ndli432ixqe71.png?width=260&format=png&auto=webp&s=f332c6f13a90bc2ceb2b47893a9d50ec8360eb13 + +Shit, the max of the VIX was even equal to the low of GME. Nice double helix. + +[Nice double helix.](https://preview.redd.it/7tujtydlxqe71.png?width=624&format=png&auto=webp&s=b662bde8d4400b117ca5c93b7f7fd52f547f6f0a) + +Same rate as well moving inverse similar to the C\*\*\*-KEN era. + +# The cycles + +Let’s look at volume because that’s always a fun one. I’ve had a column for the median values for that month to add some perspective as well as a column for how much time greater the max is in compared to that median. The median “Median / Max” was about 2.81 so I’ve highlighted any value greater than 2.9. + +https://preview.redd.it/fz2hv8tqxqe71.png?width=624&format=png&auto=webp&s=1fad4ace6be36df2e681e9c2620f65476c327466 + +Let’s see how many times each month were highlighted: + +[ ](https://preview.redd.it/voxeas4sxqe71.png?width=129&format=png&auto=webp&s=6429092d59efdf31f8d6d813fecc691faff1746f) + +Hmmm… Jan, Mar, Aug, and Nov were the most frequent months that had a stupid high volume. I did not include 2012 solely because I like nice formatting. During the McDICK, we see oscillating cycles that have been occurring for a shit long time. + +[ ](https://preview.redd.it/kdg2ksiwxqe71.png?width=624&format=png&auto=webp&s=a1d92da17f5f49d4d23f052587b5538821002b94) + +Seems like quite the commonly occurring overnight changes. Also, I focused on overnight change since I made the assumption retail isn’t really a factor (#SorryNotSorry Europoors) and therefore, more just hedge fund fuckery. Overnight has been calculated as: + +[ ](https://preview.redd.it/ziqo6d2yxqe71.png?width=225&format=png&auto=webp&s=cc2a50b1b45b543958e87a80dad2df6d4d8b6092) + +Looking at values from 2012 to 2020, it looks as if the greatest ones occurred like the end of each quarter. Interesting. + +[ ](https://preview.redd.it/5zk6qvdzxqe71.png?width=372&format=png&auto=webp&s=6c04f31ad38257f415c87a874d56c8d6e35ffecf) + +Let’s check the months that had the highest overnight change as well as volume, and look into the minute candles to see what they fuck is going on. Behavior looks REALLY fucking similar on these days: + +[January](https://preview.redd.it/90ayyhe0yqe71.png?width=624&format=png&auto=webp&s=cd5f2bd84b87728dd4369ff0c66d2ed400908cf3) + +[March](https://preview.redd.it/yt9nbe81yqe71.png?width=624&format=png&auto=webp&s=547ceded09196b448db646ab46fcfac842fe5501) + +[August](https://preview.redd.it/vv36d4f2yqe71.png?width=624&format=png&auto=webp&s=404201d2335eb90d8956749b060315c400b53359) + +[November ](https://preview.redd.it/rsl1ms63yqe71.png?width=624&format=png&auto=webp&s=4b49c8ae6d0672c53b8b051faf48a27c893a54a5) + +Let’s make a fancy table to list the day of the month and year. Well, shit on stick. They often have bene occurring around the same time frame if not the same fucking day. 2019 seems all fucked but remember how the OBV dropped due to the share repurchase? + +[ ](https://preview.redd.it/784b1iu4yqe71.png?width=359&format=png&auto=webp&s=1c44ebe8312678184c500684ce8afef4971f29dd) + +Let’s check the number of net total days in between those days: + +https://preview.redd.it/i409yzh5gre71.png?width=365&format=png&auto=webp&s=e6bbfc9b19dacbec136b46f55b2ff0b7e86d73b2 + +Let’s check these dates out. The red dates are for the ones from the greatest overnight change and you can also see how they often are the ones with a ridiculously high volume as well. + +[ ](https://preview.redd.it/6at1ez9cyqe71.png?width=624&format=png&auto=webp&s=d96e45c731538a7ef39141531090d54ffe21ff1a) + +# Conclusion / Thoughts + +C\*\*\*-KEN and McDICK have been acting in extremely similar ways due to both exhibiting a stupid number of married options. The most recent data has been showing cycles that have been repeating itself with even the dates being basically the same. Ultimately, shit has been fucked up for a long time. + +# TLDR + +The algo for GME has been so stupidly overpowering anything else that even the dates are pretty much the fucking same. Hold the fucking line. + +[GME share price sauce](https://finance.yahoo.com/quote/GME/history?p=GME) + +[Part 2 Tweet](https://twitter.com/pwnwtfbbq/status/1421826877870657540?s=20) + +Edit 1: Moved the net total days since it was off by a cell. + +Edit 2: TLDR + +# Random Non Sequitur + +[**INERTIAAAAAAA**](https://www.reddit.com/user/INERTIAAAAAAA) was very upset I used this image out of context. I assumed incorrectly that it was satire solely due to the funny names he used. I wanted to make it up to him by saying it wasn't satire and that he indeed placed a lot of time and energy into making this and how despite the funny names, a lot of technical analysis was used in creating this. + +https://preview.redd.it/x970y2tmyqe71.png?width=1566&format=png&auto=webp&s=dc31ea56387358eaa6caf15018f0972fb119be67 + +&#x200B; +I want a solid education in the workings of the stock markets, everything from basic options, to shorts, mutual funds. I’m willing to invest as much time as needed but am curious if there’s any good resources which serve as an “all you need to know” or a good “101” type education. +edit 2: this got way more responses than I ever thought it would, THANK YOU EVERYONE! I see how it seems i am jumping the gun but I have no plans to bring this up until an offer is made. I was just shocked at what HR told me (they advised I review the guidelines on our intranet to understand what my max offer would be after asking me salary expectations!!!!). I am moving on to the next round of interviews and will def keep everyone posted on what the outcome offer is, if at all interested lol. it seems like the best move it to take the job/title and move on, regardless of the outcome of negotiations. + +I live in NYC so all employers have to post their salary ranges publicly. I currently make 55k and the range for the role I applied to is 73-90. I have all the experience asked for and its the natural step after my current position. This is my move from an entry position to mid-level position. I was told that there are internal equity guidelines and my increase can only go so high. So I asked, "will it still fall within the publicly posted range?" and she said "I dont know your income so I cant say, but usually its about the end of the range". But, I ended up looking at the compensation guidelines and it says the max I am eligible for is 20% (since this is a big jump in salary bands) but they try to offer somewhere in the middle. So 10%? I would only get a 5.5k increase despite them offering external candidates 73k minimum? That is a 13k difference and doesn't feel right to me. + +I find that extremely insulting. Do I have any leverage considering I can see the range posted? It was on an internal listing too. Thoughts/advice? + +edit: with that being said clearly the salary increase prospects in this field are dismal and I will likely take this position because I need these skills in order to leave this field. but still wanted some advice. TY :) +Have just seen Slack and Facebook are introducing a location-based salary. So your salary is based on cost of living and market rate for the work you do, in the location you’re working remotely from. + +What are your thoughts? +I have been investing in copper since last year to add to my profile and made sure to diversify. I have the bigger ones like FCX and BHP, investing on them to make sure I got some stocks that are sure and secure in my perspective. + +When it comes to juniors, I only have two which includes Fortitude Gold and Solaris Resources. Both are performing really well with Fortitude Gold ([FTCO](https://finance.yahoo.com/quote/FTCO/)), despite being a small producer, has no debts. They[ ](https://www.fortitudegold.com/news/fortitude-gold-increases-monthly-dividend)[reported positive metallurgical test results](https://www.fortitudegold.com/news/fortitude-gold-reports-positive-golden-mile-metallurgical-test-results) from its Golden Mile property with column leach tests reporting up to 85% gold recovery. + +Solaris Resources on the other hand, boasts the[ Warintza project](https://www.solarisresources.com/projects/warintza/) in Ecuador, which makes Solaris an acquisition opportunity. They have shown great potential with the release of results of their recent drillings, which includes their maiden drilling at El Trinche. + +A peer has been telling me to invest on physical metals as well, but I’m still contemplating if I should do it. I have no experience with physical metals so I am still a little clueless about it. Any thoughts on what to do guys? +I just got an email from Natwest that I couldn't believe - my overdraft fees were going to double from 19.89% to 39.49% APR. They were already high but 39.49% is eye watering. I checked online and apparently Nationwide, HSBC, NatWest, First Direct, RBS, M&S Bank and Monzo are all doing the same. A spokesperson said '"Our changes will ensure overdrafts are simpler, fairer and easier to manage". + +If you have an existing overdraft with any of these banks I would suggest making paying this off an absolute priority. I have a £6000 overdraft limit with Natwest which if I maxed out, would cost me £2369 a year in interest. I have a cc with them as well and £6000 in borrowing on that would cost me less than £400 in interest for the year. +Good morning everyone, happy Monday! + +It has been a long while since I've posted here. I wanted to give a quick update since I've reached a new milestone, and maybe generate a bit of an AMA for those who are interested in Real Estate Investment to help them along. + +What has changed in the past year: After investing in real estate as a hobby for almost 4 years, I received an out of the blue job offer to work with my private lender and jump into this full time. I quit my safe corporate job and jumped fully into investing. My network has exploded, and opportunities continue to appear. + +Since I quit last summer, I have doubled my portfolio and continue to grow at a much faster pace than I was going before. Now that I am doing this full time, my knowledge on Real Estate has taken off, too. I didn't realize until after I jumped ship that doing this as a hobby is hard! I give credit to everyone out there investing while working full time-unrelated-jobs. + +My new Financial Security status: I now own over 1 million in real estate (all single family) that cash flows $3,500/mo. While this is not what I consider to be financially free, or financially independent, this does allow me to be secure and cover all of my living expenses at my current lifestyle for the short term (at least a few years). It isn't quite where I want to be in retirement, and not a sustainable number for long term retirement anyway with a leveraged real estate portfolio. But it does provide a wonderful thing called OPTIONS! + +My goals change frequently as I grow, but I would like to have reached full financial independence in the next few years. I consider that to be where I could retire long term with a comfortable lifestyle. I enjoy real estate investment so I may continue to work after I achieve this, but only when I want to. + +I'll be around today to answer any questions for those that are using real estate for their path to early retirement. + +Cheers! + + +Edit: There has been some discussion about my equity position and how the returns don't make sense. To clarify, my portfolio is leveraged and my equity is around $300k. I do not own 1 million in paid off real estate, though when these do pay off (if I ever let them) the cash flow would be much higher. I built the portfolio with some cash, but no where near 300k as much of that is forced appreciation. My cash flow of $3,500 is based off of a net number after all expenses sans property management. Some other real estate folks below have explained a bit more on what returns on leveraging real estate can look like. +Hi All, + +Long time lurker here. I need some advice to an investment blunder I made in March. When the market was sinking in March, I freaked out and I managed to liquidate my mutual funds literally at the dip. And now looking at the market in the last few weeks, I am feeling a huge sense of regret as I lost 6K from the peak and 2K from my overall portfolio. I don't know maybe I am getting FOMO, would this be a right time to invest now? Or I should wait it out for next few months. Feel free to roast me on my poor investing decisions in the comments below. + +Thanks +Quarter share properties in Whistler include: Legends & Evolution in Creekside, Montebello in the Village & Horstman House in the Benchlands. They are offering 13+ weeks in the shared ownership. With this option I'm able to own a vacation home in this popular ski resort without breaking the bank and also have the benefit of managed rentals. In Covid times, the price seems to go down even further and a lot many of such properties appears to be on sale, however there's the hope that in post-Covid times the loss will get covered? Seems like a good opportunity. Anyone own a quarter share condo program? Any feedback is appreciated. + +Edit: thanks for all the comments and great insight. Not keen on it as the discussion made me realize I wouldn't go as often as every month, nor would I want to be worried about the rental pool loss right now. +Just curious to see why there's such limited option for retail Canadian investors... We have banks that offer their brokerage service, Questrade, Qtrade, and IBKR. There might be a few I'm missing, but its no where the level we see in the USA. That said, why is it so hard for foreign companies to operate in this space? I heard tastytrade has been trying to penetrate the Canadian market for almost a decade and yet to no avail. I'm honestly tired of paying 6 dollars per option with Questrade(with active trader, so additional 90 dollars, basically). And interactive broker is not very intuitive for me . Is it kind of the same situation as our telecom industry, with government imposed "monopoly" +ZEB by BMO is an ETF that invests in the big banks of Canada with an MER of 0.28%. Okay, so they balance things for me. But since there are only six banks invested in, is it not easy for me to simply invest on my own in those banks? What's the benefit of ZEB? I suppose it's just invest and forget, which at one level is worth it. +Hello all, + +My energy provider owes me almost £200. My bills are about £60/mo in winter. They've just e-mailed me to say they're putting my direct debit up from £85 a month to £105 a month. + +I've tried calling them, after being on hold for about 20-30 minutes I get hung up on. + +Can I just call my bank and cancel my direct debit? I am happy to pay my bill via card manually, just wanting to check that unilaterally cancelling a direct debit doesn't violate some obvious rules that I've just failed to learn as an adult. + +I'm in Scotland, but don't imagine it makes much difference. +DISCLAIMER: My first DD. Not financial advice. All credit to the authors of cited works. I am not trying to karma farm or be dramatic by breaking this up into parts. I tried to post it all at once, but the picture limit had other plans. + +ACKNOWLEDGEMENTS: + +Shout out to u/sososhibby. One of their comments got me started down this rabbit hole and they were nice enough to give my work a quick check before I posted. They've also posted about this topic as well: [Part 1](https://www.reddit.com/r/Superstonk/comments/nmaaaa/john_d_finnerty_excerpt_from_hoc_3_explained_pt1/), [Part 2](https://www.reddit.com/r/Superstonk/comments/nmdbzz/excerpt_from_hoc3_relevant_af_20_finnerty_fer/) + +Also, u/JNWolman was all over this topic months ago. IMO, the post didn't get the exposure it was due. Give it a [read](https://www.reddit.com/r/GME/comments/mgmbkf/would_the_real_exit_strategy_please_stand_up/). + +\-------------------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# A. What I Hope to Show + +&#x200B; + +In this volume I hope to present work (by brains much more wrinkled than mine) that show beyond a reasonable doubt, something we all already know: that hedgies are indeed mathematically fuk, in that they have naked shorted **AT LEAST** the same amount of shares outstanding. + +u/atobitt's [H.O.C. III](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) mentions an [academic paper](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) titled "*Short Selling, Death Spiral Convertibles, and the Profitability of Stock Manipulation*" written March 2005 by John D. Finnerty, a finance professor. + +In the paper, Finnerty lays out a model to examine naked short selling. In particular, he demonstrates that in order **to drive a firms price very close to zero, a manipulator MUST naked short AT LEAST the same number of shares as there are shares outstanding, doubling the float.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# B. Market Model Rundown + +&#x200B; + +In my opinion, Finnerty's paper is a thing of logical and [mathematical beauty](https://en.wikipedia.org/wiki/Mathematical_beauty). As god tier mathematician Paul Erdős would say, "[This one's from The Book](https://en.wikipedia.org/wiki/Mathematical_beauty#Beauty_and_philosophy)". Finnerty took a very complex system and expressed it elegantly and simply. As a math ape, it literally brought a tear to my eye when I finally understood it; which took me awhile (just because I like math doesn't make my brain any less smooth). There's no confirmation bias as sweet as mathematical confirmation bias. + +&#x200B; + +**However**, I am quite aware of my autistic tendencies and know most people and apes have a...*strained* relationship with math, **so I read all 73 pages of the paper so you don't have to!** I try to lay out his model as concisely as possible as to who are the participants, how the market behaves and why hedgies r thusly fuk. + +&#x200B; + +&#x200B; + +MARKET PARTICIPANTS: + +*Informed Investor* + +* Informed investors do short sell, but do not engage in abusive or naked short selling. They locate, borrow and return shares on time. +* The informed investor has information advantage. They know if the true intrinsic value of the stock is high (*H)* or low *(L)*. +* This group only shorts stocks that legitimately have low real intrinsic value *(L)*. +* Assume there is only one informed investor in this model. + +&#x200B; + +&#x200B; + +*Manipulator* + +* The manipulator has the information advantage as well. Through research or by observing the informed investor, they know the true intrinsic value of the stock and seek to manipulate the stock below that value. +* A manipulator can appear as an informed investor to other participants by copying the selling behavior of the informed investor. +* Manipulator can be a Market Maker (MM). + +>Market makers have lower shorting costs since they can sell on a downtick and do not have to commit that they will be able to borrow shares before they sell short. Market makers are granted these exceptions to facilitate their market-making activities. A strategy a manipulator can employ to reduce its cost of shorting is to register as a market maker for the target stock. If naked shorting, there is zero cost. (Pg. 17, footnote 33) + +* There is only one manipulator in this model. + +&#x200B; + +&#x200B; + +*Active Traders* + +* Think of this group as regulation abiding MM's. +* They can short sell, but do not engage in abusive or naked short selling. +* Active traders does not have as much information as the manipulator and informed investor. They do not know the true value of the stock. + * They can interpret market signals and see what the informed investor does, which gives them information advantage over retail investors. +* They don't know if the informed investor they are watching is actually a manipulator in disguise. +* They mostly base their moves on what the informed investor (or the disguised manipulator) does and only act after they do. +* There is more than one active trader. + +&#x200B; + +&#x200B; + +*Uninformed Investors* + +* These are old type retail investors, not apes. +* Uninformed investors have the ultimate information disadvantage, they have no idea how much the stock is really worth. +* They always stand ready to buy more shares at lower prices than those currently prevailing, since they don't know the true intrinsic value of the stock. +* This willingness to buy provides consistent cash flow (liquidity) to short sellers. +* Uninformed investors demand for shares decreases as the amount they possess increases. +* Once this group knows the true price of the stock they will sell, providing shares to the shorts to cover. +* There are many uninformed investors. + +&#x200B; + +&#x200B; + +*Insiders and Long Term HODL'ers* + +* Passive group that does not take an active role in the market. They neither sell nor buy shares. +* They exist in the model so there are shares for the shorts to borrow and to set the initial market price. +* Assume they own all outstanding shares. + +&#x200B; + +&#x200B; + +&#x200B; + +TIME BREAKDOWN: + +The paper has a timeline/progression of how the market behaves. There are four points expressed as time *t*. + +&#x200B; + +*Time 0* + +* This is right before anything happens and the model is at the initial conditions. +* All shares are held by insiders and long term investors who do not plan on selling. + +&#x200B; + +&#x200B; + +*Time 1* + +* This is when the short sale can be initiated by the the informed investor or the manipulator or, depending on the situation, by both of them. +* Also during this time the active traders are observing the informed investor (or a manipulator posing as one) and current market signals. They do not act during this time. + +&#x200B; + +&#x200B; + +*Time 2* + +* This is when the active trader takes action, they do what they saw the informed investor (or the manipulator posing as one) do. +* The short sellers from time 1 can short additional shares if they decide to. +* Market equilibrium forms at this time. +* The informed investor or the manipulator can sustain a short position until time 3 but it is less expensive to sustain it to time 2 (unless the manipulator naked shorts and/or is a MM). + +&#x200B; + +&#x200B; + +*Time 3* + +* This is when the stocks true intrinsic value is revealed to all market participants to be *H* or *L*. +* This represents the long run, and it may be very costly for the informed investor or the manipulator to maintain a short position (unless the manipulator naked shorts and/or is a MM). +* If the legitimate shorts have not closed their short position already, this is were they cover. +* Most of the paper's focus is on what happens at this time. + +&#x200B; + +&#x200B; + +&#x200B; + +MARKET EQUILIBRIUM + +At time 2, the market enters equilibrium. There are two basic forms of equilibrium: pooling and separating. + +&#x200B; + +*Pooling* + +This type of equilibrium is when the manipulator wants to remain undetected so the other market participants mistake him as an informed investor. + +&#x200B; + +The advantage to this is that the manipulator stands less of a chance of getting caught or squeezed. On top of this, active traders may pile on to short the stock as well when they see blood in the water. This causes the price to drop even lower, helping the manipulator. + +&#x200B; + +The disadvantage is that the manipulator loses profit to the extra competition and sole control over the price action. + +&#x200B; + +*Separating* + +This is when the manipulator doesn't care if they are detected. In some cases, they want to be detected to scare off competition. The advantage is that this strategy maximizes their profit and they have full price control. The disadvantage is they have a greater chance of getting caught or squeezed. + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# E. Demand Curves & The Unravelling Problem + +&#x200B; + +*General Demand Curve:* + +This whole model is governed by the uninformed investors demand, since they are the buyers. Their demand is highly dependent on the supply of shares. The uninformed traders willingness to hold *Q* shares at time *t* is summarized by the demand curve (Pg. 15): + +&#x200B; + +&#x200B; + +[General Demand Curve](https://preview.redd.it/zhhgr111fc471.png?width=1375&format=png&auto=webp&s=cc034e8ae681bdc7365ce2ab1851e18fca94cbed) + +&#x200B; + +* The function *D(Q)* represents the uninformed investors demand which is equal to the price at time *t* represented by *P(t)*. +* *H* and *L* are the potential true values of the stock revealed to active traders and uninformed investors at time 3. +* *A* is a constant representing the current market price. +* *B* is a constant representing the price at which uninformed investors buy, which is lower than the prevailing price. +* Note that at time zero, all shares are in the hands of long term investors so *P(0) = A*. + +&#x200B; + +&#x200B; + +*The Unravelling Problem:* + +If the manipulator is not naked short selling, then they would have to cover at time 2, or at time 3 when the true price is revealed to everyone. This presents what the paper refers to as the unravelling problem. + +&#x200B; + +This is the issue shorts face when covering their positions. Since retail knows the real price at time 3 their demand curve shifts. Buying to cover at the real price causes the price to increase. Both factors cut into profits. + +&#x200B; + +&#x200B; + +*Problem When True Price = H* + +If true price is revealed to be *H* at time 3 then the demand curve shifts to: + +&#x200B; + +[High Value Demand Curve](https://preview.redd.it/3rhkhwi6fc471.png?width=1406&format=png&auto=webp&s=9d6e0631707e552c444a5d8206535f54bad1b4ca) + +This is the worst case scenario for hedgies. Not only did they not suppress the price to *L* they now have to buy to cover. The number of shares retail holds *Q* goes to zero since hedgies have to buy them back, which will push the price to *H* cutting into their tendies. + +&#x200B; + +&#x200B; + +*Problem When True Price = L* + +If true price is revealed to be *L*, at time 3 then the demand curve shifts to: + +&#x200B; + +[Low Value Demand Curve](https://preview.redd.it/45sv7u0afc471.png?width=1408&format=png&auto=webp&s=7bcc138e8344e98deab491f8f2b7d77275693377) + +Not as bad as the previous case, but even covering at *L* will push price a little bit higher and cut into the hedgies' tendies. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# F. Naked Short Selling + +&#x200B; + +Naked short selling removes the unravelling problem at no cost to the manipulator and it's quite literally free money: + +&#x200B; + +>Naked short selling and manipulating the price downward provide cash returns to the manipulator, who can withdraw cash from his clearing firm account as the shorted shares are marked to market at progressively lower prices. Through naked shorting, the manipulator realizes these returns without investing any cash (provided the market price never rises above the sale price). (Pg. 34, par. 1) + +&#x200B; + +>The clearing firm retains the cash proceeds from the short sale to secure the selling broker’s delivery obligation. The clearing firm releases cash equal to the reduction in value of the shorted shares as the price of the shares declines (or demands additional cash margin if the share price rises). (Pg. 34, footnote 51) + +&#x200B; + +Here are some familiar signs of naked short selling: + +&#x200B; + +>The daily trading volume could be quite high if the manipulator is rapidly turning over its short position, but the daily trading and settlement activity may appear to be normal market making because the dealer’s net position on the day does not change. (Pg. 44, footnote 64) + +&#x200B; + +>Pumping the trading volume also reduces the short interest ratio (short interest divided by the average daily trading volume) to help conceal the manipulation. (Pg. 44, footnote 64) + +&#x200B; + +Remember naked shorting creates phantom shares which increases the float. + +&#x200B; + +&#x200B; + +*True Shares Outstanding:* + +Based on the original demand curve we can calculate the total shares outstanding at time 0. Since this is during the initial conditions, this is the true value of shares outstanding. + +So, since uninformed investors are always willing to buy at a lower price and, hypothetically, if the long term investors decided to sell all outstanding shares *Q* to uninformed traders then price would fall to *L*: + +&#x200B; + +[True Shares Outstanding](https://preview.redd.it/2lucrstdfc471.png?width=1302&format=png&auto=webp&s=77adeb75401431094301b216caabcb71f4db680c) + +&#x200B; + +&#x200B; + +*Naked Short Selling in Pooling Equilibrium: Driving Price Close to Zero* + +When True Price = *H* + +Using the previous equations we can find the amount of shares necessary to drive the final price at time 3 close to zero: + +&#x200B; + +[Shares Needed to Drive Price Close To Zero](https://preview.redd.it/qei47fuifc471.png?width=1284&format=png&auto=webp&s=65ea8f2f04eff9babd339b7c22a3a8f9c655fb7a) + +&#x200B; + +&#x200B; + +When True Price = *L* + +&#x200B; + +[Shares Needed to Drive Price Close to Zero](https://preview.redd.it/pedh454ofc471.png?width=1279&format=png&auto=webp&s=fe342a1d0872e3baa28292cd39d15d3cef259de6) + +It is also worth noting, + +>The manipulators profit depends on his ability to manipulate the firm's stock price and keep it depressed. The stronger the financial condition of the firm at time 3 (the higher \*L\* is), the greater the number of shares the manipulator has to sell short at time 3 to drive the price close to zero. (Pg. 45, par. 2) + +&#x200B; + +&#x200B; + +*More Shorted Shares than Outstanding:* + +We have the true shares outstanding, we know the amount of shares needed to short an *H* valued company to zero, and the amount of shares needed to short a *L* valued company to zero: + +&#x200B; + +[Share Counts](https://preview.redd.it/twctyrcsfc471.png?width=1274&format=png&auto=webp&s=cd8be3285e939cac464dee89025027c780c3eb0b) + +&#x200B; + +When Value Is *H* + +>Building a short position of *H/B* to drive *P(3)* to zero would involve naked shorting more shares than the firm has outstanding because *H/B > (A-L)/B*. (Pg. 45, par. 1) +> +>The manipulator can not drive the share price close to zero unless he can naked short an extraordinary number of shares. (Pg. 45, par. 1) + +So to drive the *H* company to zero hedgies have to naked short *Q\_H* shares. But remember our general equations governing the demand curve: + +&#x200B; + +[Hedgies r fuk: High Value Edition](https://preview.redd.it/2pv8j1uxfc471.png?width=1362&format=png&auto=webp&s=b1f6323b28f83ff44706c06252eb8ef1decc802d) + +**Proving that if hedgies want to short a company with a high intrinsic value to zero they must naked short more shares than are outstanding.** + +&#x200B; + +&#x200B; + +When Value is *L* + +>Even if the manipulator's short position is *L/B*, it might still exceed the entire number of shares the firm has outstanding. +> +>The manipulators profit depends on his ability to manipulate the firm's stock price and keep it depressed. The stronger the financial condition of the firm at time 3 (the higher *L* is), the greater the number of shares the manipulator has to sell short at time 3 to drive the price close to zero. (Pg. 45, par. 2) + +**If the final price (*****L*****) at time three (*****P(3)*****) is equal to the price at time 2 (i.e. if** ***L=P(3)=P(2)*****) then the manipulator will naked short the same number of shares that the firm has outstanding.** This next equation should look familiar: + +&#x200B; + +[Hedgies r fuk: Low Value Edition](https://preview.redd.it/vfihc052gc471.png?width=1338&format=png&auto=webp&s=73f9ccd94ca522bfc4f57d548aa1fc0e3b51c2e5) + +**So then if** ***L>P(2)*** **then the manipulator will naked short more shares than firm has outstanding. By naked shorting the same number of shares that are outstanding, the manipulator has doubled the float. (Pg. 55, footnote 77)** + +&#x200B; + +**Which makes sense: If the price is higher turns out to be higher than they expected then they have to drive price down even more. Naked shorting is effective because it dilutes the float.** + +&#x200B; + +What About Incremental Shorting? + +Almost forgot this case, so I'll have to put it here at the end. I'm not gonna go too much into the math cause it just adds another layer of unneeded complexity. + +Basically you just need to know this, Finnerty proves that unless the manipulator is naked shorting and/or is a MM, it is not profitable to incrementally short sell (i.e. shorting a little, then covering a little, repeat). + +>In a market equilibrium in which the informed investor sells the profit-maximizing number of shares, I show later in the paper that incremental short sales by the manipulator will not be profitable. (Pg. 16, footnote 29) + +This shows how huge of a win the rule changes were. Had apes not gotten them, Shitadel would have continued to abuse their MM privileges and not had to worry about margin call. Now, they can't naked short as freely and its actually costing them to maintain short positions, and its only going to get worse. + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +In the next volume, I'll explore : + +1. The Majestic Ape Demand Curve +2. How apes fucked up the hedgies' algorithm +3. Why short attacks are getting weaker +4. Exponential & Log Chats +5. **Why it is Impossible to Short Ape Curve Close to Zero** + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------------------------- + +# TL:DR -> Finance professor (not me) mathematically proves that it's impossible to short a stock to zero without naked shorting at least as many shares as there are outstanding, doubling the float in the process. + +# Hedgies r fuk. + +# BUY, HODL, VOTE + +# TA:DR -> Naked 🩳 + (🐒x🦍) + 🚀√🌕 = + +# (Hedgies r fuk) 2 + 🍗🍗🍗 + +\-------------------------------------------------------------------------------------------------------------------------------------------------------- + +^(This post brought to you on behalf of Margery Nesbitt.) +So Polygon's developers acknowledged the hit on Network on Dec.4,2021.Hackers swiped 801,601 Matic Tokens worth around $1.4mn + +On Dec. 3,2021,A so called "white hat" hacker reported an exploit in a critical Polygon Smart Contract that held more than 9 bn Matic tokens worth around $20.2 bn. + +The exploit which ended up costing $1.4mn could have been worth of $20 bn, which would have been a disaster for the network. + +The most important part is, the silence of Polygon foundation, it's core developers for almost a month. +The incident happened on 4th Dec, but they remained silent for almost a month and finally revealed it in the last days of the month. + +>After the exploit, Multiple validators expressed anger over this silence. +The abrupt hard fork knocked multiple "unprepared" validators offline. + +This can't be good for any network,this is just another incident pointing towards that even the best networks have problems in being fully decentralised. +They found a quick way to deal with it via + +Matic's co-founders decided to get rid off C-suite positions, "to make it more decentralized" +The foundation quashed C-level roles like CEO, COO + +https://www.theblockcrypto.com/post/128753/polygon-co-founders-no-longer-have-c-suite-positions + + +This could be seen as a major disaster averted but the silence of the team is the worse thing, to hide such an important information for a month when billions are at stake. + + +Edit : Seems like lot of people are okay with how things went +And acting like I did a crime by pointing out something. +Guys, we can have a debate in a civil way +Or is it a lot to ask? + + + +. +Made a similar post on the LRC sub, but I'd like to get input here too if possible! + +As it looks like we are in the final days before the announcement of an LRC/GME partnership based on that NFT website that's been doing the rounds this evening, I am wondering: how many of you guys are also into LRC as of this point in time? + +A convo about Loop came up here recently and didn't get a whole lot of attention, so I'm wondering what the relative proportions of LRC folks in the GME sub versus GME folks in the LRC sub. + +Interested in people who are and aren't into LRC, for reference. +I just saw today a post from a guy asking if moass is still possible. +Guys, we have the most powerful people as enemies. When GME launched its wallet, the big media talked about Carl icahn is still short, what basically isn't new since he short since last year January. + And with the hate gme gets again from the old sub, and the countless amounts of shills, which spread very smart FUD and very subliminal, you can see the war is still on going. + +Those accounts which spread FUD are mostly either 10 years old around reddit accounts or those which have a +18 information if you click on their account. + +Please check the people account when their post is really Sus. I've been here since over a year and when I see those red flags I laugh and contune. + +Last thing I want to tell you is, if you all continue to firmly believe, that there is MOASS, then there will be MOASS! the moment we don't believe in it anymore and start thinking they might be right and paper hand our golden ticket , they won. IT IS A WAR + In Germany we say : glaube kann Berge versetzen. += faith can move mountains +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +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 know I know, $8oo on door dash is absurd. I was/still am probably depressed and don't wanna cook and clean but I should definitely be saving more. Please don't judge. + +&#x200B; + +Here is my current budget based off what I currently spend per month, with the exception of food. I have changed that to what I consider a reasonable first step. + +(budget) [https://imgur.com/AXLli8F](https://imgur.com/AXLli8F) + +&#x200B; + +Here is how the expenses break down. + +(Expense ratios) [https://imgur.com/u7gSoKy](https://imgur.com/u7gSoKy) + +&#x200B; + +My monthly income pre-tax is almost 10k and about $4600 take home. + +(Income vs Expenses) [https://imgur.com/Bec6B8t](https://imgur.com/Bec6B8t) + + +Re-posting for formatting +What do you surmise will happen once BTC it hits 100k? I'm interested in what everyone believes will happen.. will there be a deep drop immediately or maybe even more fomo that shoots it to the moon? + +Edit: I appreciate all of the responses and the awards. These are very interesting perspectives on this question. +So now I’ve tried the Swedish banks Swedbank and Lansforsakringar. Neather of the banks wants to open international paymemts for the use of traiding crypto. They say it’s because they can’t see where were transaction came from if I’m buying/selling cryptocurrency. So it basically means I’m getting denied to use my money. Also it seems to be a problem about +”how easy it is for me as a customer to loose my money”. In other words they are trying to say that they are doning me a favor because it’s too much of a risk to trade crypto. +Post a meme, great. Post information and some noobs will confidently shit on it. I love it. This used to be a sub for the knowledgeable, but now it’s truly mainstream reddit. Not complaining, welcome. Thank you all for being here. Great “beige book” sign of mass adoption. + +Go buy some bits and use them in a store, or save some for your future. + +Edit: thank you for silver! +It seems pretty clear that WS only have one more play left. The estimated earnings is set super high as to "fail". The insane shortening taking place right now and the strange covering GME is having this week on MSM, saying that GME's earnings report is all of a sudden the most importent thing in the financial world. All points to one last "shake off campaign" to get all the badly informed retail investors to fuck off. The play is to have retail sell as many shares as possible before they have to start buying them back. + +This is bullish as hell! **Just keep buying, DRS and hodl you beautiful Apes, the end is nigh.** + +EDIT: I see the earnings report might not be set as high as I thought. It still seems sus as fuck that MSM is trying to get the whole world to look at it. It seems highly unlikely that they just change their tune and are now rooting for GME. +I'm unfortunately one of those people who is seeking FIRE because I cannot stand working in my profession (niche practice of corporate law). I started out working at a big firm and am currently in-house at a Megacorp. I jumped at the opportunity to move to Megacorp because of all the stories about how in-house jobs are hard to come by, cushy and infinitely better than big firm life. + +While the hours at Megacorp are better than firm life, everything else is the same -- endless stacks of paper, constant negative stress, lack of control or meaning, culture of "if you act happy it must be because you don't have enough work to do", 24 hr on-call including while on "vacation" and over holidays -- I could go on and on. Everyone around me seems miserable and this is something I've observed for the entire time I've been practicing in the profession. + +The mentality and realities of the job have impacted and continue to impact my personal life negatively. In particular, I'm frequently moody, quick to anger, frustrated and (from what I understand from family and friends) incredibly difficult to be around. I get into loops where I cannot stop thinking negatively about life in general and cannot stop thinking about work and it poisons everything around me. + +Rightly or wrongly, I look at FIRE as a savior of sorts from my current life, which revolves around work. After reading countless stories around the interwebs, however, I fear that what I'm experiencing is not relegated to my profession but is inherent to most fields and jobs. This makes me cling to FIRE even harder, and keeps me locked in at Megacorp as the salary and benefits are probably one of the fastest ways to get to FIRE (I'm 2-3 years away from my FI number). + +I'm looking for advice on how to improve my situation and gain some self control over my moods and negativity (as I fear its ruining my personal life) and whether I am right to be reluctant to jump ship and try a new career when I'm so close to reaching FI and live in a HCOL area (my gf just got a huge raise and promotion so we'll be staying at least another year). I exercise regularly, eat well, practice gratefulness (on and off), volunteer and have tried therapy in the past, but am still facing the same issues. I'm actively job searching, but reading job descriptions for jobs that actually match my skill set depresses the hell out of me, it all looks like more of the same BS. + +I know there this group is an extremely smart and adaptable bunch -- any wisdom you could impart would be greatly appreciated. + +As the title says. + +The new limit is 600%. I tried testing this by setting a limit sell for 1 share at the current price of 160.00 , 600% = 960.00. + +I entered this and it accepted. + +Looks like Fidelity FINALLY updated their shit to allow us apes get our tendies when the time comes. + +Don't believe me? Test it out for yourself. + +&#x200B; + +Of course cancel that shit after you test.. no one in their right mind would sell at 960 anyhow.. + +&#x200B; + +Edit: Wording/Sp. + +&#x200B; + +EDIT2:: Seems I was off a tad.. and my apologies, the limit is indeed 500% and not the 600% I thought I calculated. + +[https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle\_fridays\_change\_in\_limit\_order\_pricing/](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/) +The sad thing is watching all the young "Robinhooders" desperately chase these pumps and getting in at the top. By the time you hear about most, it's too late. Sometimes you get lucky and take a chance on a tip from one of the posters with a larger following, but they're all bets on Chinese companies with awful financials and sketchy businesses. + +I don't know how many people are getting hurt by this. Yes, you can play the game and make big money, but it doesn't make it right. +This morning the GOOG acquisition of MMI made big news. The acquisition will be for $40 per share, and I think that I read that the transaction will close in 2012. + +If GOOG is going to pay $40 per share for every share of MMI within a year, then why is MMI stock trading below $40 now? + +Shouldn't the price of the stock approach the transaction price (if the acquisition is for cash) as the closing date approaches? Wouldn't this price difference be immediately nearly eliminated (adjusted for risk of deal falling through, and alternate uses for the money between "now," and the closing date)? +How do you all think this will affects various clean energy companies and ETFs. We know this means money pumped into US clean energy companies but what kind of impact do you see this having on foreign clean energy markets? Positive or negative or none at all. This is a big deal and im curious what you all think long term and short term. + +Popular ETFs im referring to are: +ICLN +TAN +PBW +QCLN +CRNG +PZD +ACES +I recently decided to leave the monastic life and return to the "real" world for reasons I don't need to go into... I have ~$350 to my name and no possessions. I have no family with any money and my only friends are or were monks themselves. For the last 3 of the 8 years it was against the rules to handle money in any way so I have no credit; I've never had a credit card, or taken out a loan, and its been years since I put money into a bank account or paid taxes. To top it all off, it's been a decade since I've had more than a thousand dollars to my name. + +In terms of work history, I don't have a bachelors degree although I do have a few years of college under my belt. Before I decided to live the monastic life I worked in industrial green houses, nurseries, and my last "real" job was the head gardener at a historical landmark. At one point I was a master gardener, although my certification has lapsed. I was the gardener on and off at a couple monasteries I lived at, but besides that I have nothing to put on my resume, especially the last 3 years, as I essentially did nothing but meditate. + +Oh, and before you ask, right now I'm still living in a semi-monastic community near a major city. Believe it or not, there are quite a few Buddhist traditions that have sorta monasteries that have internet access and modern technology. Right now I live a monastic schedule, but besides that it's a pretty "normal" life. + +I'm starting to think I'm totally screwed... the only positive thing I can mention is that I have no debt and absolutely no expenses. I can continue to live in this semi-monastery as long as I want, but I feel it's time for me to leave... + +HELP!!! + +--- + +EDIT, I got some PM's and for those asking my current monastic schedule looks like: + +5:00am - 7:15 Meditation +8:30am-3pm Work +5-6pm Meditation +6-9pm Study + +Also, I've gotten quite a few PM's and yes... I'm happy to answer any questions you have about being a Buddhist monk + +--- + +**EDIT 2**: I've been getting flooded with PM's - which is awesome - and people are asking me some really interesting and deep questions and I'm going to try and get back to all of you, but it seems that it would be easiest if I did an AMA, can someone PM me with the details on how to do that? + +--- + +**EDIT 3**: Apparently I can't do an AMA because I don't have an official document that says "monk" I'm going to look into r/casualiama tomorrow + +--- + +**EDIT 4***: I'm still going through a buttload of PM's and I've been truly touched by the openness and sincerity as well as the compassion many of you have showed me, so I'm going to try as hard as possible top respond to all of them... + +Also, an official AMA is in the works and I will post the time I'm going to do it (probably this afternoon) as soon as I know. + +--- + +**EDIT 5**: Apparently my proof does not meet the standards for r/IamA so I'm going to be doing an AMA in r/casualIamA at 12:45 PDT + +-- + +**EDIT 6**: I started an AMA post, you can find it here: https://www.reddit.com/r/casualiama/comments/3ehf0i/i_was_a_buddhist_monk_for_8_years_i_lived_in/ + +Over the past week I've been thinking at which point I'm gonna sell, at times thinking to myself 10k, maybe even less just to be safe and take easy profits, all while calling myself "diamond hands" thinking that's the peak. + +But fear not! I am no longer a fraud and have since invested even more while also smoothing out the wrinkles in my brain and and unleashed the retard ape within me 🦍🦍🦍🦍 + + However what I realize is that if I thought this, there's bound to be more shitheads out there with the same mindset. I know this has been said countless times but this is the opportunity of a lifetime. For all those that paperhand at 1k, 10k , 20k, fuck you. You may make enough money to be happy for a year, some of you may never even even have to work another day in your life, but if you ride this shit out, ALL of us will be set, you, your children, even your grandchildren. If you fucking paperhand you're doing exactly what the hedgies want, all you're doing is sucking on the balls of the people who fucked us in 08, the more you hold the more we are tugging the balls right out those cunts until they're left with nothing but pennies to their name and saggy lump of skin between their legs. + +You can be a bitch and paper hand this 4 or 5 digits, or you can stick to your word and ride this shit to the moon 🚀 🚀🚀🚀🚀 + +Hedgies WEAK! +Ape together STRONG!! 🦍🦍🦍💪💪💪 + +This is not financial advice. +Anyone else have this issue? I don’t have that much in savings. But I just get a really “high” feeling whenever I log in and see the numbers. I get excited to see them grow each month. For me, a large savings account is a reminder that I’m doing things right. It’s a reminder that I’m stable, that I won’t ever be homeless, or have to ask friends and family for money in an emergency. The most intoxicating feeling that I get from looking at my savings, is that I know that I’ll be able to quit my job in a moments notice, take some time off work, and won’t feel rushed to look for another job, and take some crappy job just to “pay the bill” This is what I feel when I look at my savings.... but I also know that I’ll need to start investing it soon. + +I’m 30 years old. 50k salary +I left my previous position in December, and have received three checks since my employment has ended. + +I have emailed the Payroll Department, my former Supervisor, and the Personal Assistant to the Head of the Department I worked for. I have received no responses. + +I have also tried calling the Payroll Department every day, but the phone hangs up after a dozen or so rings. + +Finally, I called the General HR phone number, and spoke with a representative who told me I needed to email my Supervisor so that I could be marked as Inactive in their PeopleSoft system. He said there was nothing else he could do. + +What other steps should I take besides continuing to follow up on the emails I have sent? +Ok, re-writing this with more info and a more direct question: + +I’m young (29) and fairly inexperienced with a long investing horizon. + +I have been investing for about 5 years and have done well for myself until this January hit (admittedly a lot of tech stocks). + +My portfolio is down about 70% YTD and in the hundreds of thousands of $ range. Yes, I understand a lot of tech was a risky choice. Please refrain from making personal comments regarding my loss…I’m just looking for advice now. + +I was planning on selling everything in December when it was all high and dumping it all into XEQT to just set it and forget it, but unfortunately I didn’t do that. As we all know, can’t time the market. + +** My question is: do I just hold on and hope that my portfolio recovers, before then putting it all into XEQT, or do I just accept the large YTD losses and do it now? ** + +Current Portfolio: + +TSLA - 25%, +XEQT - 25%, +SHOP - 9%, +VOO- 7%, +AMZN - 7%, +VUG - 5%, +BABA - 4%, +NFLX - 4%, +NVDA - 4%, +COST - 2%, +MSFT - 2%, +SPOT - 2%, +AC - 2%, +BNS - 2%, +ENB - 1% + +Thank you for any insight. +Whats your proportion and what do you think is the ideal assuming that a recession is due within the next 18 months? I currently have around 48% in cash and 52% in stocks. +If you've been around here for a bit, you've probably heard mention of bridges and/or wrapped tokens (like wrapped Bitcoin, or WBTC). Here's an explanation of what these bridges do, how they do it, and what their relationship with wrapped tokens is. + +# What are Bridges + +In short, bridges allow us to take assets from one blockchain and move them onto another chain where they are not native. For example, the Bitcoin-Ethereum bridge allows us to move our BTC from the Bitcoin network onto the Ethereum network, making it possible for your BTC to interact with the entire world of DeFi on Ethereum. For instance, this would allow you to use a DEX to buy ChainLink, an erc20 token native to the Ethereum network, with Bitcoin, which is not native to the Ethereum network. As another example, it would allow you to lend your BTC on Aave, an Ethereum-based lending protocol. + +Before bridges, there was no possible way for assets on one blockchain to interact with another blockchain. Each network was isolated. + +Now, you might be thinking "but we could already buy LINK with BTC on any CEX". Yes, this is true. But when we do, the LINK and BTC do not actually interact or even know about each other. No transaction actually occurs on-chain, for either of the two chains involved. Instead, the CEX just has one wallet for every major chain, and holds a giant pile of each of its assets in those wallets. When you trade a BTC/LINK pair on the CEX, all it is really doing is crediting your account with a voucher for some of the LINK in their huge LINK pool, and debiting you a voucher for some of the BTC in their BTC pool. This is how they make it seem like you can directly swap BTC and LINK despite them being on different chains. + +With bridges, you can *actually* interact across chains. This is a big deal in the world of DeFi. + +# How they Work + +A wrapped coin is a token that lives on one network (usually Ethereum) while representing a coin from another network. + +Let's use as an example the biggest wrapped coin in crypto: wrapped Bitcoin. If you want to mint some WBTC, you would send your BTC to the Bitcoin/Ethereum bridge. Your BTC would get locked up at the bridge, and the equivalent amount of WBTC would be minted on the Ethereum side of the bridge. + +Once you have your WBTC on the Ethereum side, you can do anything you want with it in the Ethereum ecosystem. It is simply an erc20 token, so you can do with it anything you could do with any other token on Ethereum. + +Whenever you want to bridge your WBTC back to the Bitcoin network, you send it to the bridge, where it will be burnt, and then your locked BTC on the Bitcoin side becomes unlocked. + +This way, you can always exchange 1 WBTC for 1 BTC on the bridge, and vice versa. This fixed exchange rate means that if ever the prices of BTC and WBTC diverge, then arbitrage traders would take advantage of that opportunity by sending some of the cheaper asset over the bridge in exchange for the more expensive asset, which would correct the price difference. Thus, a wrapped coin is always pegged to its native version, as they are backed 1-to-1. + +Also, anyone can redeem their WBTC for BTC, even if they weren't the one who minted it (say they bought their WBTC from somebody else on the Ethereum network), because the amount of WBTC in existence will always be exactly the same as the total amount of BTC locked at the bridge. So, no matter where you got your WBTC, you know there is always an equally-sized pile of BTC waiting for you at the other side of the bridge if ever you choose to redeem. + +# The Future of Bridges and Interoperability + +The dream is that one day, all the major blockchains will be bridged with all other major blockchains, allowing us to fluidly move any of our assets anywhere in the cryptoverse. This idea is known as interoperability. The problem is that as the number of blockchains go up, the number of bridges required to link them all together increases quadratically. If you already have 2 blockchains, and then a third one is created, it just needs to build 2 bridges to be connected to the existing blockchains. But if you already have 100 blockchains, and then a 101st is created, it needs to build 100 bridges to connect to all existing blockchains. So, for *n* blockchains, we need (n - 1)+(n-2)+(n-3)+...+3+2+1 bridges (this is known in math as the *nth triangle number*). This is not very scalable. The bigger this system grows, the harder it is for it to grow more. + +This is where interoperability platforms (known as "layer 0 blockchains") come in. The main examples of this type of network are Polkadot (DOT) and Cosmos (ATOM), with low cap underdogs Nervos (CKB) and QUANT (QNT). + +These chains aims to fix the quadratic scaling issue of bridging networks by providing hubs of bridges that all chains can connect to. I'll use Cosmos as my example. + +Cosmos has made something called the Inter-Blockchain Communication Protocol (IBC). This protocol allows for the creation of things called hubs, like the Cosmos Hub. + +An Interoperability hub is basically a platform to which all other blockchains build a single bridge. It's like a huge intersection of bridges. If your blockchain is connected to a hub, then you can bridge your assets to the hub, and then from there to any of the other chains that are linked to the hub. + +With such a system, you only need *n* bridges to fully connect *n* blockchains. If you have 100 blockchains, they each just need 1 bridge to the hub, so you only need 100 bridges. This is as opposed to linking each blockchain individually, which would require 5050 bridges for 100 chains. + +I hope someone finds this useful! +I was hired 8 months ago for a job in neurosurgery that does paid salary training at $40k/year with some overtime and on-call pay. I passed my certification last week that triggers my 2 year contract and within a week they told me they need someone to relocate to a very, VERY rural city in a Midwestern state. They sprung this on me jusy before my first shift back from vacation at 6am and made it sound like I had no choice (I'm in contract, remember). It comes with a $10k raise and a $3500 moving allowance. I more-or-less said I'd do it seeing as I didn't think I had an option. + +The rub is, I really don't want to move. I was hired on the pretense that they'd move me to my home town, the capital of my state, once I passed my certification. Then when that contract fell through, I was told I could stay in the medium-sized city I was temporarily living in for my training. Then they sprung this on me. It's worth a $10k raise for me to not move. It's also worth $15-17k for me to move. + +How should I approach this? I work in operating rooms so I don't actually see my boss face-to-face often (he works in surgery as well). + + +Some background, I have $20k in student loan debt and maybe $3k remaining in credit card debt. I have a $16k car loan (mistake that I can't easily reverse). I want to pay off my debt and save up some money to support myself when to go to med school. +Just as the title suggests, what was THE moment/s and what advice would you give your earlier self? + +I’m still yet to have that moment, looks as though I need to find my style/edge as all I have at the moment is loads of knowledge/education/theory, but nothing practical/in real terms. +I dont mind paying for a course because if that twaches me how to daytrade then all the money spent will be worth it.does anybody have any advice to give me to where i can first start learning and any good courses to take? +Unless you have been living under a rock, you've probably read some Forbes or other paid promo article that vilified El Salvador for making BTC legal tender and holding (or losing, depending what article you read) ~$50M in BTC during the recent bear market decent. + +Just to be clear, if you believe ES is in bad shape from BTC in any shape or form, you've been duped by the banking elite and you should stop helping the elite taint BTC through propaganda. There are no opinions in here so downvote and hate all you want. Only proves my point further. + +First of all, El Salvador GDP skyrocketed over 10% annually to $28B recently after a massive influx of tourism, exporting volcano energy and other monetary gains last year. ES has not sold any BTC but let's just say for the sake of argument that they did and lost $50M outright, all 50 mil. + +$50M is literally only ~0.2% (edited for correct decimal) of their GDP. Lol Clearly this hypothetical loss would not affect the country in any way. Not to mention it is not true because ES hasn't sold anything and hasn't taken any losses whatsoever. + +Before Nayib Bukele became president, ES had $37B stolen from its people from corruptions and was pretty much the murder capital of the world. It was one of poorest and corrupt countries in exsistance. + +Where was the out cry for the people then??? Where are the news articles about this bounce back from the low? Nowhere, because things wete going exactly as IMF is used to; theyre able to hold loans over their heads to have control over them etc. Only now that its a poster child for BTC is there backlash. Let that sink in. + +So now, violent crime is down 95%, revenue is up billions, and the country's presidential approval rating is close to 80% (what's your presidents approval rating in your country??). Eighty percent!!! That's right. Ask someone who lives there if you don't believe the many many polls. There are no claims BTC is wholly responsible for all of the improvements, so don't get confused. + +Its just pretty ironic now (or not ironical at all if you think twice) that after all the murderous years of corruption and people suffering have turned into a huge approval from citizens that we have all these finacial "experts" calling this country to our attention to service their BTC agenda and literal propaganda campaign. It's ranked #1 in financial risk globally. Number one!!! That couldn't be more false and is really a blatant stat meant to do one thing, vilify BTC and the country that first adopted it. + +BTW, these numbers are all public and accessible if you have any doubts. + +So, the next time someone tries to tell you BTC caused harm in El Salvador, understand that PROPAGANDA WORKS on people who are dumb enough to believe whatever makes them feel validated, but this could not be further from the truth. + +I don't support Nayib, and this isn't to call him a genius etc., as much as it is just to point out other's stupidity that spreads these completely false rumors. Rumors that can literally be shot to pieces by using simple, publicly accessible information. + +Research safely and mind the idiots who actually believe this shit. + +(Also, this post was removed from CC 15 min after being posted because it made too many BTC posts in the top 50) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +GOOG current P/E is about 19 right now. It’s been significantly sold off so far year to date. But have any of the fundamentals changed for this behemoth? Seems like a solid company at a reasonable price, but maybe I’m missing something. +After going through all the screeners and valueresearchonline, I see that a significant part of the stock analysis is based on what they report in the annual/quarterly statement. How can one be sure that companies are not fudging the statements? If my analysis is based on fraud, my outcome is going to be worse. How to protect against this? +Nifty today is at all time high but recently we got the news that the unemployment rate is at 45years high, GDP is <6%. So why is this weak economic data presented not having any big impact on the markets? I don’t want to make this post political but imagine what would have happened if the ruling party did not get such a big mandate? + + +Edit: Not linking unemployment rate directly with the markets only considering it as a weak economic prospect. +So I am planning to change my MF platform from Groww to Kuvera from suggestions of fellow members of r/indiainvestments . + +Today I thought of checking both websites' privacy policy and I found this on [Groww's privacy policy](https://groww.in/privacy-policy/) : + +> The Company may disclose Your information, to the extent necessary: (i) to comply with laws and to respond to lawful requests and legal process, (ii) to protect the rights and property of the Company, Our users, and others, including to enforce the Terms, and (iii) **in an emergency to protect the personal safety and assets of the Company, the users, or any person. In such an event the Company is in no manner responsible for informing You or seeking Your approval or consent.** + +What are your thoughts on this? +https://m.economictimes.com/markets/stocks/earnings/hdfc-q3-results-profit-jumps-4-times-to-rs-8372-crore-on-one-time-gain-provisions-spike/articleshow/73663897.cms + + +“81 per cent of loans went to individuals during Q3,” HDFC Bank said, while adding that the focus on affordable house continues. + + +More NPAs to come? +> Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. + + + +https://www.moneycontrol.com/news/business/anil-agarwal-set-to-delist-vedanta-from-domestic-bourses-5257521.html +[https://i.imgur.com/1AJPidG.png](https://i.imgur.com/1AJPidG.png) + +[https://www.bseindia.com/xml-data/corpfiling/AttachHis/b99dc47e-6bf0-4a12-b7e3-fca63d2a22fa.pdf](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b99dc47e-6bf0-4a12-b7e3-fca63d2a22fa.pdf) + +Shouldn't the results for quarter ended 30.6.2019 be the same as year ended 30.6.2019 - the financial stmt is a snapshot of what's happening within the companies books? + +He's also listed the previous quarter's data i.e. 31.3.2019 wrt 30.6.2019. Why then has he given the results for 30.6.2018 - a whole year back - I thought the results were for quarters?? + +\--- + +Also, comparing all the results with what [screener.in](https://screener.in) displays - they don't match up. What's in the PDF does not match screener output: [https://i.imgur.com/B35kICm.png](https://i.imgur.com/B35kICm.png) The profit is as shown in the pdf [https://i.imgur.com/2mzcmTU.png](https://i.imgur.com/2mzcmTU.png) How is screener calculating profit??? +Anywhere I can find information on a particular industry? Such as, Who are the players? (Market Share etc) Most factors could impact growth? What sort of regulation is there etc? And also some sources for company specific data. +You can discuss something like these, ITT: + +- What brokerage are you using currently? + +- Is the brokerage structure suitable to your needs? + +- How is the availability of the brokerage service? + + Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? + +- How do you rate the brokerage reports provided by the brokerage house? + +- How are the ancillary products and services provided by the brokerage house? + +- Do you use Smallcase to manage your portfolio, and how was the service? + +--- + +You can ask for a general review of a particular product, or service that you are researching - _Is X good? Is it recommended for long-term delivery trades?_, but please avoid asking for personal advice. + +The discussion is for consumption by a broader audience. For advice regarding your personal situation, the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newer members to evaluate customer experience with these products. Please confine the thread only to reviews or requests for reviews of products and services. + +[Previous Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +One of my friends wrote this article on timing the stock market - [link](https://blog.thecskr.in/post/timing-equity-mf-pe/) + +Rather than using just the current price-to-earnings (P/E) ratios, he compares the current P/E value to the historic value of P/E and enters/exits accordingly. I thought the analysis was thorough and made for an interesting read. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Being a option seller today's down of Zerodha web/app caused me good amount of loss, as last days before expiry are very crucial for us. I think Zerodha should acknowledge this and apologise by giving up its all brokerage gained for today. Btw already opening an account with upstox, I hope 🤞 they would be better than this. +I was compiling PE data of Nifty Next-50 index, noticed that it was 35.56 on Dec 13, 2019. When the markets opened on Dec 16, the PE ratio became 69.15. + +I fail to understand how this can happen. Index value remained the same (28077 and 27915 respectively). I tried finding any relevant news around this period. Couldn't find any. + +Can someone explain how this happened? + +PS: Using the NSE website for PE and price data: [https://www1.nseindia.com/products/content/equities/indices/historical\_pepb.htm](https://www1.nseindia.com/products/content/equities/indices/historical_pepb.htm) + +Image for PE data: [https://imgur.com/KZaRWZa](https://imgur.com/KZaRWZa) + +Edit: After some digging and others suggesting so, I believe it's Vodafone. Not exactly sure though. For the quarter ending September '19, Vodafone's earnings reduced by 45,000 Crores compared to the previous quarter. Even though Vodafone contributes <5% of the index by market cap, this decrease in earning was probably substantial enough to decrease the cumulative earnings of the 50 stocks by 50% (Other companies have quarterly earnings in the range of 600-800 Crores). +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Posting for a fellow ape (u/CRYPTO-HUNCHO) that does not have enough karma and I don’t have enough wrinkles… + + +“Smooth brain here. Does this mean when GME splits, they will owe the $2.50 fee per share for each failure to deliver just like they do now pre split? + +Link below for DTCC rules and regulations. Page 373 states “Fee for OW delivery notification request advisories aged 2 days or older” + +https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf + +Also here is the picture of page 373 + +https://imgur.com/a/0RAjocD +“ +I've always been a fan of sleep. I am far from FI, but I currently sleep 7-9 hours a night. Since I'm working 12+ hour days running a few businesses, I need every minute of that to be effective. Whenever I have a day or days that I'm off, or don't have an early morning appointment, or am on vacation, I will sleep 10-12 hours every single night and then usually take a nap too. Last time I properly "caught up" on sleep was after I graduated college 6 years ago, and it took about 3 months to stop needing 10+ hours of sleep a night and I finally started feeling good on about 8 hours a night. My wife is the same way, so we always wonder how long it will take to adjust once we don't have to be up early in the morning. + +For those of you that have hit FI and felt perpetually sleep deprived before you did, how long did you spend sleeping in before you were able to get on a more reasonable sleep schedule? +I work in California up until July I was hourly but we had our yearly pay adjustments and I was switched to salary exempt. It ultimately ends up being a solid raise overall, but I worked a bunch of overtime before they told me. So for that pay period I am out over $1,000. + +Here’s the details of what happened if it changes anything. I was told July 18th that I was now salary exempt and the change was effective as of July 1st, so retroactive from my point of view. I had to work a bunch of overtime during the pay period July 1st-15th but because of the change I wasn’t paid out for any of the OT I thought I earned. Should I have been paid for the overtime even though I got a raise? Is it even worth bringing up to my employer? + +It seems really strange to me that this sort of retroactive change would be okay but I did get a substantial raise so I don’t know if it’s worth rocking the boat over or if it was actually okay and I’m just getting worked up over nothing. +Obviously the analysts’ prediction missed the company’s earnings. The company didn’t miss the prediction. + +This would be like the weather man blaming the weather for not abiding by his prediction when obviously he’s just bad at his job. +Okay this is the most genuine question I have kept asking myself for a while. + +Lets say in the most drastic scenario, the U.S government, just absolutely collapses. Regime change, Economic Collapse, default on debt, etc. etc. + +In the case of the stock market, how would you even keep any ownership of shares in companies with regime change? Or would everything you put in, just be completely gone? + +This is genuine though, not saying to troll if there is an actual answer to it. +Management shift officially begins today. Farley has stated that he is intent on operational restructuring and shaking up his executive team. I think Farley brings a much needed change, but I'm wondering if they're too behind already compared to its competitors. What are your thoughts, specifically for long term investors? +u/rflorant had a post recently about using a silver coin to represent each 100k saved for FI here https://www.reddit.com/r/financialindependence/comments/gw2qt9/the_freedom_chip_a_silver_dollar_representing/. It got me thinking again about milestones in general, and a way I’ve semi-consciously been categorizing it for myself. + +As this is a community passionate about tracking and understanding our expenses for obvious reasons, I find it leads to another way to set rough milestones. Take, for instance, food expenses. In my case, I spend about 250/month combined for groceries and eating out, so 3000 annually. Using a 3% assumed drawdown in retirement, that means 100k to replace food expenses. + +I’ve hit 100, that means food expenses are (theoretically) taken care of from now on! + +It’s something that is personally a way to get excited, crossing categories off a list one by one. Utilities and subscriptions are about 200/month? Another 80k has been saved, that’s another ongoing expense category that’s been checked off. Car insurance and gas? Call it another 80, so on so forth. + +What do other people think? Does anyone else check things off in a similar way, and if you have a different method than this or something like the freedom chip, what do you use? +###What is happening? + +In what has been touted as the culmination of a multi-year scaling debate, on August 1, 2017 at 6:12pm UTC ([block 478559](https://www.reddit.com/r/Bitcoin/comments/6qy592/478559_found/)) a new altcoin was created from Bitcoin. The new altcoin is known as **"Bcash" (BCH)** or "Bitcoin Cash" (BCC) depending on which wallet/exchange you ask. In order to avoid confusion with actual Bitcoin and other altcoins, we recommend readers refer to the new altcoin as "Bcash" (BCH). + +As with all altcoins, Bcash is technically off-topic for the /r/Bitcoin subreddit. However, Bcash was created based on Bitcoin's transaction history, and therefore all Bitcoin owners should be able to retrieve an equal amount of Bcash with some effort. Your Bitcoins are just as safe as they were before the chain split, but you should take care not to compromise your private keys if you wish to retrieve Bcash. This is not urgent unless you wish to trade immediately. If you choose to retrieve your Bcash, please be aware that consolidating your UTXOs will impact your privacy on both chains. + +In order to help readers navigate this confusing situation and minimize disruption of relevant content, /r/Bitcoin has dedicated this sticky thread where readers can ask questions or leave comments pertaining to Bcash. If you are wondering how to retrieve your new altcoin holdings, please read the discussion thoroughly as your questions may already have been answered. If you don't see a similar question, please be sure to mention your wallet method and preferred exchange so that other readers can help address your concerns. You are also invited to submit new threads to the /r/Bcash subreddit if you so choose. + +If you would like to understand the motives behind this new altcoin, please read [The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet](https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/). + +[A Beginner’s Guide to Claiming Your “Bitcoin Cash” (and Selling It)](https://bitcoinmagazine.com/articles/beginners-guide-claiming-your-bitcoin-cash-and-selling-it/) is a must-read for anyone feeling particularly lost. + +###But I thought we avoided a chain split? + + For those of you who thought we avoided a chain split with the activation of BIP91 a couple weeks ago, here's a very loose summary of what happened on the Segwit (BIP141, BIP148, BIP91) front: + + 1. Bitcoin Core team deployed Segwit (BIP141) last year + 2. Miners refused to activate Segwit via BIP9 + 3. Users deployed UASF (BIP148 by shaolinfry) to require Segwit (BIP141) signaling by August 1st + 4. Miners activated BIP91 (by James Hilliard) on July 20th in response to UASF (BIP148) + 5. BIP91 complied with UASF (BIP148) by enforcing Segwit (BIP141) signaling ahead of August 1st + 6. [Segwit BIP141 is expected to **lock in** on Tuesday, August 8th](https://www.xbt.eu/) + 7. [Segwit BIP141 is expected to **activate** on Monday, August 21st](https://www.xbt.eu/) + 8. BIP148 activated successfully without any chain split + 9. Another altcoin called "SegWit2x" (B2X) may be created later this year, similar to Bcash but with less safety precautions regarding replay protection + +Despite all the progress we're making in scaling Bitcoin both on-chain and off-chain, the Bcash crew has decided to part ways with the Bitcoin project by creating a new altcoin. The key differences are that they are attempting to gut Segwit from their forked client, as well as increasing the deprecated max_block_size attribute to 8MB. + +###Various Announcements: + +[Electrum 1](https://electrum.org/bcc.txt) - [Electrum 2](https://electrum.org/bcc2.txt) - [Trezor](https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f) - [Ledger](https://blog.ledger.co/securing-your-free-bitcoin-cash-stash-d50aff765688) - [Coinbase](https://blog.coinbase.com/update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53) - [Breadwallet](https://breadwallet.com/blog/how-breadwallet-will-handle-bitcoin-cash-and-bitcoin-purchases-during-fork/) - [Bitfinex](https://www.bitfinex.com/posts/212) - [Airbitz](https://medium.com/airbitz/airbitz-and-the-bitcoin-cash-fork-886c62f96d22) - [Blockchain.info](https://blog.blockchain.com/2017/07/30/bitcoin-cash-bcc-hard-fork-means-blockchain-wallet-users/) - [Exodus](http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1) - [Jaxx](http://decentral.ca/jaxx-statement-bitcoin-cash-bch/) - [Kraken](http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/) - [Bittrex](https://support.bittrex.com/hc/en-us/articles/115000808991-Statement-on-Bitcoin-Cash-BCC-) - [Greyscale](http://www.nasdaq.com/press-release/grayscale-investments-llc-statement-regarding-bitcoin-investment-trust-and-bitcoin-cash-20170728-01117) - [Yobit](https://yobit.net/en/trade/BCC/BTC) - [Bitcoin Core](https://github.com/NicolasDorier/BCCSpliter/) - [Bitstamp](https://www.bitstamp.net/article/bitcoin-hard-fork-our-position/) - [Mycelium]() - [GreenAddress]() - [BitcoinTalk](https://bitcointalk.org/index.php?topic=2059111.0) - *(Reply in comments to add other services)* + +###/r/Bitcoin wishes Bcash a happy farewell and the best of luck in their new venture! +Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year. + +Shares in the e-commerce and cloud company fell 4.3% on Wednesday, pushing its market value to about $879 billion from a record close at $1.88 trillion on July 2021. Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak. + +While technology and growth stocks have been punished throughout the year, fears of a recession have further dampened sentiment in the sector. The top five US technology companies by revenue have seen nearly $4 trillion in market value evaporate this year. +The e-commerce giant has shed $1 trillion in market value + +The world’s largest online retailer has spent this year adjusting to a sharp slowdown in e-commerce growth as shoppers resumed pre-pandemic habits. Its shares have fallen almost 50% amid slowing sales, soaring costs and a jump in interest rates. Since the start of the year, co-founder Jeff Bezos has seen his fortune dwindle by about $83 billion to $109 billion, according to data compiled by Bloomberg. + +Last month, Amazon projected the slowest revenue growth for a holiday quarter in the company’s history as shoppers reduce their spending in the face of economic uncertainty. That sent its market value below $1 trillion for the first time since the pandemic-fueled rally in tech stocks more than two years ago. +I am going to be inheriting £50,000 soon but have recently started my own business as self employed. I've been told it will take at least 2 years of being self employed before I would be able to get a mortgage. + +My partner is currently on £25,000 a year and I am projected to earn around £30,000 a year in my first two years of business. We are hopefully looking to buy a place for £270,000 when the time comes. + +My question is; what should I do with the £50,000 whilst I wait to be approved for a mortgage? I would like it to be making money in the meantime so my deposit can be bigger. + +Many thanks for the advice in advance! + +TDLR: Inheriting £50,000, have to wait 2 years for a mortgage to be approved, what should I do with the inheritance in the meantime. +I know $1000 is not a lot, but after living paycheck to paycheck it is a major improvement for me! + +Edit: Wow! Did not expect this many people to respond, but I've read nearly all of the comments and really appreciate the help you guys have given me. I have decided to open up an Ally Financial Savings account and not "hookers and blow" as one of you so hilariously suggested. (I'll be 2 years in clean in August and this is just one of the many steps I've taken to get my life back on track) +https://www.cnbc.com/2019/06/04/sec-sues-messaging-app-kik-for-its-100-million-cryptocurrency-offering.html + +The Securities and Exchange Commission has filed a $100 million lawsuit against Kik Interactive, which launched a cryptocurrency to be traded within its messaging app, for allegedly conducting an illegal securities offering. + +“Companies do not face a binary choice between innovation and compliance with the federal securities laws,” Steven Peikin, Co-Director of the SEC’s Division of Enforcement, said in a release. + +“This is the first time that we’re finally on a path to getting the clarity we so desperately need as an industry to be able to continue to innovate and build,” Kik founder and CEO Ted Livingston said in a statement to CNBC. +Just a bit of background - I’m 25 and have only properly starting looking into my finances since the start of 2019 - prior to this I’ve always been fairly frugal but not looked into how I can make money work for me. + +Expenses - Live at home with parents in London- no rent/bills. Monthly expenses are 17 pounds gym, 30 pounds phone contract, probably around 50 for petrol as I commute by car to work, and rest is whatever I spend socially but am fairly frugal. + +Debts wise I started uni in 2012 when tution fees grew to 9k a year so my current student loan is around 75k due to ongoing 6.6% interest since day 1 of uni (5 year degree) and I’ve estimated I will pay around 150k across my lifetime (this is a very conservative estimate and will likely be much more than this). I have been advised previously to focus paying this before anything else given 6.6% likely outweighs any interest from savings/investments but I feel I could need that money at some point and also who knows what could happen with new government etc + + +Savings wise I have moved almost all my money Into a Marcus account. Prior to this I made use of all the bank switching offers and have pretty much exhausted all of them (First Direct, Nationwide, Natwest, TSB, Halifax, Santander, HSBC) In total I have 38k in Marcus so far. I have around £6500 in bank accounts/regular savers. For the 18-19 tax year I invested £1100 into FTSE All Cap via Vanguard S+S ISA and £4000 into Newcastle Cash LISA (kept in cash in case I want to buy property in next 5 years and therefore to reduce risk of losing capital) I also put £1800 into a HTB ISA (just using this as it’s interest rate of 2.58% beats any cash ISA rate). So I only used 7k of my 20k allowance which I’ve realised was a mistake but I was scared to put the remaining 13k into S+S. + +So of the 63k take home I've earnt since July 17 when i started my first job , I’ve not actually spent much of it (have still been on 4 really big holidays in last 2 years and go out a fair bit so making sure I enjoy life whilst young) + + +I was just wondering if there was anything else I needed to do at this stage . I’ve now upped my S+S ISA contribution to £750 a month from this tax year which will come to 9k for the year. I also put the max 200 into H2B ISA. 2.4k will come from maxing out the H2B ISA and then another 4K in cash LISA which ill put at the end of the year which will bring me to just over 15k for this tax year and I’ll probably top up the 5k with further S+S ISA. I put the max 250 into HSBC 5% saver and 300 into FD 5% saver.Therefore I am putting 750+250+300+200= £1500 a month into some form of savings/investments - Im getting taxed heavily atm so only taking home £1950 a month despite earning monthly gross £3400-4500 in any given month (tax/NI/student loan/pensions/parking) + +I’ve also been considering getting on the property market and using my LISA at some point - from what I’ve read BTL is no longer what it was and S+S Returns can do just as well without all the hassle /costs associated with being a landlord, plus I can’t use my LISA for BTL. + +I’ve also looked into SIPPS but from my understanding my NHS pension alone will likely see me break the LTA so have decided ISA/LISA is the best tax wrapper for me. + + +1. Anything glaring that I’m missing here or shall I just continue paying into what I’m paying ? +2. Do you think it was/is a mistake to not use my full ISA allocation last/each year? +3. If I get taxed at 40% for some earnings in months where I cross the tax bracket, but then go back under the 40% tax bracket the next month - does that extra 40% taxed money also get refunded at that point or do I need to wait until end of tax year P60 for everything to get recalculated. As some months I do extra shifts taking me above threshold whereas others my salary is kept under the 40% threshold? + + +Thanks so much! +This would undoubtedly tank the price. + +From my 10 seconds of reading on what a 10-5b1 is, I don't understand it. But from what I gather, the CEO would just need to show his genitals within 48 hours to stay compliant. This is probably wrong. + +If the CEO did shows his balls, would it just be considered indecent exposure (I assume the FCC would be the ones to prosecute) or would the SEC have to actively ignore it because it's considered "insider trading"? + +If it is considered insider trading, what would the CEO have to do to legally orchestrate this "flash" crash? + +Is it Monday yet? +Let hear your tales of portfolio carnage & your biggest most gut wrenching losses! + +Mine is fairly tame. I lost about $1800.00 on Newstrike Resources before it was bought out by Hexo. I dont touch small caps anymore. Blue chips & Etfs only! +This is a hypothetical situation - let's say you get a windfall and you know a thing or two about investments. You've got a maxed out TFSA, some RRSP contributions, that sort of thing, and you're doing OK. + +Would you invest your windfall yourself? How much money would it have to be for you to feel out of your depth and needing a professional? + +I don't think I'd feel confident investing anything more than like $100k. + +EDIT: For the record I don't mean "financial advisors" as in those guys that work at TD and sell you mutual funds. I mean an independent investing professional who can manage your portfolio. +I just came back home from my freshman year of college and it's making me realize how unhappy I am at home. I want to move out as soon as I possibly can. I was hoping to get some tips about how to prepare to start saving up so that when I'm ready to move out I can feel good about doing it. Any tips? + +More details: My parents are paying for a decent chunk of my college so I don't plan on moving out until after I graduate so I have time to save. I do have loans from the government that I will have to pay off. I have a little over 10,000 saved and this summer I plan on working two jobs to save up even more. I also will be getting an on campus job next semester. I am planning on studying abroad two semesters for my majors, the cost of tuition will remain the same but I will have to pay for airfare to and from plus normal expenses of occasionally going out. I also want to go to grad school and am hoping to do a program where I can study while working as a TA so I can cut some expenses there. + +Any advice be it specific to my situation or general is greatly appreciated. +Does anyone else here get the occasional feelings of incredible anxiety over the costs of life? If so, how do you combat them? The growing family and I are by no means hurting, both wife and I are employed and make contributions into our retirement accounts. We have a healthy emergency fund and still increase our projects/fun money savings account every payday. + +Even with all this I sometimes worry, there’s just not enough. I see on the horizon new cars, new roof, new appliances, home improvements, braces, adding to college funds, birthdays, and all the other costly things life has to offer. Granted, I know that as long as we are saving and moving forward things are good. I also know that it would be highly unlikely that all of these bills will come due at once. I also have read several personal finance books and articles on the subject which help a bit. + +That being said, from time to time, I just worry about having enough. What methods, books, thought processes have helped you the greatest in this endeavor? + + +I am using my inheritance to buy a home, but I want to maximize these funds so that I could make passive/residual income. I live in california so housing here is ridiculously expensive and would be taking a huge risk buying multiple properties. Any advice would be greatly appreciated! +Does anyone else here get the occasional feelings of incredible anxiety over the costs of life? If so, how do you combat them? The growing family and I are by no means hurting, both wife and I are employed and make contributions into our retirement accounts. We have a healthy emergency fund and still increase our projects/fun money savings account every payday. + +Even with all this I sometimes worry, there’s just not enough. I see on the horizon new cars, new roof, new appliances, home improvements, braces, adding to college funds, birthdays, and all the other costly things life has to offer. Granted, I know that as long as we are saving and moving forward things are good. I also know that it would be highly unlikely that all of these bills will come due at once. I also have read several personal finance books and articles on the subject which help a bit. + +That being said, from time to time, I just worry about having enough. What methods, books, thought processes have helped you the greatest in this endeavor? + + +Yesterday Puerto Rico paid [$600k on a $58M bond payment effectively defaulting on those debts]( +http://www.theguardian.com/world/2015/aug/03/puerto-rico-defaults-dept-repayment) + +Since they don't have the ability to go through bankruptcy like a municipality, what's going to happen? [20% of US bond funds hold PR bonds(warning - autoplay video)](http://money.cnn.com/2015/07/01/investing/puerto-rico-bond-holders/) so it'll probably hit that market but PR isn't big so it'll be small. + + + +The mutual funds that are owed the debts are likely worth more than the entire island, will they be able to forcefully privatize stuff like the power company(PREPA) or will all of this be a longgggg drawn out court battle? + +As a gringo living on the island I'm interested in this from a market and local point of view +[6 Top Warren Buffett Stocks Still Have Big Upside, Analysts Agree](https://www.investors.com/etfs-and-funds/sectors/warren-buffett-stocks-still-have-big-upside-analysts-agree/?src=A00612A&refcode=Organic%20Social%7CReddit%7CReddit%7C2021%7CFeb%7CI.com%20Article%7C0%7C%7C820757) + +>Six U.S.-listed stocks in Buffett's **Berkshire Hathaway** (**BRKB**) portfolio beating the S&P 500, including communications services company **Liberty Global** (**LBTYA**), consumer discretionary plays **General Motors**(**GM**) and **Amazon.com** (**AMZN**) plus tech giant **Apple** (**AAPL**), still have more than 15% upside until hitting analysts' 12 month price targets, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and **MarketSmith**. + +The article goes on to say that hopes are highest for Liberty Global and that it could hit 34.69 a share. +I am a student, unemployed. I can't get anything but I'm only really applying for jobs online. +What are the best methods to approach finding a job, any job and successfully landing at least maybe an interview! +Some of you might have seen the posts I have done in the past regarding working in the WM industry with HNW and Ultra HNW clients. + +[AMA: I am a wealth advisor to high net worth individuals and institutions ($5M-$1B+)](https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +[AMA: FOLLOW UP POST - I am a wealth advisor to high net worth individuals and institutions ($5M-$1B+)](https://www.reddit.com/r/fatFIRE/comments/n5m09a/ama_follow_up_post_i_am_a_wealth_advisor_to_high/) + +[AMA: I am a wealth advisor to high net worth individuals and intuitions - UPDATE I left the industry!](https://www.reddit.com/r/fatFIRE/comments/ojhwrq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +Now that I have left the industry and work for myself, I have spent a lot of time offering free help too many people who have reached out. I have had multiple hour + conversations with individuals who have reached out via PM etc. There have been individuals with $1M to $100M+ all with the same issues. + +1. How do I find an advisor that is right for me? +2. How do I know if I can trust them? +3. I really only need them for this specific situation or once a year check up. + +Are these the problems that you all are having? Is there some larger problem that we are all missing? + +Should there be a way to meet with an advisor for quick check-ups without having to have the locked in relationship or pay a % of AUM? + +I have been shocked in the amount of people that have reached out to get advice from an internet stranger TBH. My question now is how can the rest of r/fatFIRE benefit from what is being said when we talk off line. + +Thoughts? + +&#x200B; + +\*Edit - For those that have not read other posts everything I have done is for free and will stay that way. You can ask anyone who has replied to anything I have posted on reddit. I have nothing to hide. +First off, let's go straight to the point. The last few weeks have been a bloodbath for most of the market. To many, especially new traders, this seems like a full blown market crash. Well, it's not... a market crash needs a catalyst. Think back to every single crash, whether it was the dot com bubble, the housing bubble in 08, and even the flash crash on black Monday in 87' they all had a catalyst, if not many catalysts. + +I keep reading over and over again in the media that the bond yeilds jumping is the reason for this market crash speculation. Let's think about this for a second though - besides the fed trying to hammer home the message to investors that the bond yeilds are absolutely no cause for concern, and actually it's not even close to reaching concerning territory yet, as well as the bond yeilds are actually signaling strength in the economy - how in the world do people come to conclusion that the market is about to crash because of this? Is there any real basis to this? Ask yourself this. + + Another narrative that i keep seeing the media push is "the economy is overheating". Seriously? What does that even mean? The economy is recovering so fast that the market is going to crash? This has to be the most insane thing I've read yet. I can also note that the same journalists who publish this FUD about overheating, are the same journalists who will also write that the market is crashing when there is BAD economic data (such as the job report this morning). So let's ask ourselves, how can both a booming recovery and a slow, painful recovery BOTH be ingredients for a crash? I cannot comprehend how ridiculous this is becoming. Good news = market crash, bad news = market crash. What do we need for the market not to crash? + +I can't talk about all of this without mentioning a wild phenomenon. My portfolio. A very well diversified array of etfs which hit almost all sectors of the market. The best thing to happen to it? A global pandemic/ lockdown. The worst thing? Economic strength indicators, covid cases plummeting and vaccines and stimulus getting pumped into the masses. Has the world gone mad? + +Another theory that is floating around is the market being in a bubble. This is probably the most spread rumor. This one is pretty simple to shut down I think. Earnings season was insane. Comoanjes blew estimates out of the water left and right. Banks, big tech, e commerce, etc. These are the sectors that are being targeted heavily by fud in the media. These are also the companies doing the best they ever have. So how is this a bubble? Of course, companies like tesla and gamestop (lol) can be viewed and argued as in a bubble. But these companies are few and far between. + +My conclusion is only this. Plain and simple, fear. Fear is what's bringing this bloodbath upon us. Panic selling over irrational news articles. Just compare the VIX (fear gauge) chart with almost every single tech stock or major company's stock chart. It's literally an inverse. A mirror image. + +If there is anything to take away from this is that I truly believe this is just mass hysteria and it the dust will settle. Stocks will rise again. Invest in what you believe in and avoid the FUD that's being pumped out for click bait by seemingly every news outlet. + +Tl;dr: there is no crash. This is panic selling on a mass scale. Don't believe the media fud - the pandemic is ending and there is light at the end of this Corona virus tunnel. Buy the dip with money you can afford to potentially lose and all shall be good again on wallstreet. +First off, let's go straight to the point. The last few weeks have been a bloodbath for most of the market. To many, especially new traders, this seems like a full blown market crash. Well, it's not... a market crash needs a catalyst. Think back to every single crash, whether it was the dot com bubble, the housing bubble in 08, and even the flash crash on black Monday in 87' they all had a catalyst, if not many catalysts. + +I keep reading over and over again in the media that the bond yeilds jumping is the reason for this market crash speculation. Let's think about this for a second though - besides the fed trying to hammer home the message to investors that the bond yeilds are absolutely no cause for concern, and actually it's not even close to reaching concerning territory yet, as well as the bond yeilds are actually signaling strength in the economy - how in the world do people come to conclusion that the market is about to crash because of this? Is there any real basis to this? Ask yourself this. + + Another narrative that i keep seeing the media push is "the economy is overheating". Seriously? What does that even mean? The economy is recovering so fast that the market is going to crash? This has to be the most insane thing I've read yet. I can also note that the same journalists who publish this FUD about overheating, are the same journalists who will also write that the market is crashing when there is BAD economic data (such as the job report this morning). So let's ask ourselves, how can both a booming recovery and a slow, painful recovery BOTH be ingredients for a crash? I cannot comprehend how ridiculous this is becoming. Good news = market crash, bad news = market crash. What do we need for the market not to crash? + +I can't talk about all of this without mentioning a wild phenomenon. My portfolio. A very well diversified array of etfs which hit almost all sectors of the market. The best thing to happen to it? A global pandemic/ lockdown. The worst thing? Economic strength indicators, covid cases plummeting and vaccines and stimulus getting pumped into the masses. Has the world gone mad? + +Another theory that is floating around is the market being in a bubble. This is probably the most spread rumor. This one is pretty simple to shut down I think. Earnings season was insane. Comoanjes blew estimates out of the water left and right. Banks, big tech, e commerce, etc. These are the sectors that are being targeted heavily by fud in the media. These are also the companies doing the best they ever have. So how is this a bubble? Of course, companies like tesla and gamestop (lol) can be viewed and argued as in a bubble. But these companies are few and far between. + +My conclusion is only this. Plain and simple, fear. Fear is what's bringing this bloodbath upon us. Panic selling over irrational news articles. Just compare the VIX (fear gauge) chart with almost every single tech stock or major company's stock chart. It's literally an inverse. A mirror image. + +If there is anything to take away from this is that I truly believe this is just mass hysteria and it the dust will settle. Stocks will rise again. Invest in what you believe in and avoid the FUD that's being pumped out for click bait by seemingly every news outlet. + +Tl;dr: there is no crash. This is panic selling on a mass scale. Don't believe the media fud - the pandemic is ending and there is light at the end of this Corona virus tunnel. Buy the dip with money you can afford to potentially lose and all shall be good again on wallstreet. +\- Are there any implications to doing this? + +\- I know applying for any financial product shows up on a credit report, will this affect any applications for credit in the future? + +\- I'm also in the market for buying property (my first) later this year, should I switch before or after this? + +\- Is it worth keeping the accounts I have open after I've moved my funds out? + +\- Is there any chance of negotiating the interest rates with my current bank? +I've heard the job supply is pretty high at them moment - but upon digging through seek, I only see the normal bar & tele sales jobs dominating the listing as per any other time. While these are honourable work, unless you're some kind of manager it looks like the work is far from a full time income. + +Ive also seen ads for fruit picking jobs on facebook, thats about the only new thing, and kinda relies on uprooting your life for hard minimum wage labour + +On top of this, to me it looks like a lot of retail and tourism jobs have gone the way of the toilet. + +I'm wondering if yall have any broad insight into industries who are booming with full time ish jobs, especially in and around sydney, and those that are less obvious when trawling seek? + +&#x200B; + +Appreciated, a recently funemployed redditor. +Much has been said about why using superannuation savings is a bad idea, even in the present situation. + +This post is about the policy deficiency and the reason why the policy deficiency matters. + +In almost all basic financial guides, there are two consistent themes of good advice. First, save for your retirement because the pension might not exist in forty years. Second, always have a buffer of X months cash to tide us through hard times. *These are two different things.* + +We only do the first because the government made us. We don't do the second, because the government doesn't make us. If we all had a six month cash buffer, for example, neither landlords, nor renters would be having a stoush right now, but we don't and we are. + +Now superannuation, being for the long term should have it's money working hard - liquidity for something locked away for 40 years is not high priority. + +The financial buffer, on the other hand might be needed at any time, and should be highly liquid. And might be needed every decade, if the history of recessions and redundancies is observed. + +The problem we have, therefore, is that the government is trying to use a resource (super) designed for one purpose to function as another (an emergency buffer). In other words, using the wrong tool for the job on the basis that it's the only tool it has. + +Given that the lack of a savings buffer has been exposed, my question is whether, given the frequency of financial problems throughout our lives, as to whether the government should set up separate compulsory savings funds which are releasable during times of life crisis? + +Now. Big pause here. I'm not necessarily advocating this. + +What I'm saying is that since dipping into super is a bad idea, one option is for government to never use it like is happening now. However, if government does want something for people to dip into, then it should set up funds to do that...or keep the hell out. +Table 4.A. Capital ratios actual vs projected + +https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf + +Am i the only one thats noticing just how fucked GS and HSBC are under severe conditions in supplementary leverage ratio? + +Supplementary leverage ratio = regulatory capital / average assets+off balance sheet exposures. + +Isnt this even more whack now, vs 7 days ago, with the latest changes in HK? + +And they are going to both continue paying dividends??? +[Chart of data](http://i.imgur.com/RB2YWtG.png) + +This data was extracted from Personal Capital and is a plot of my net worth. There is data from before October 2013, but at that time I hadn't linked most of my accounts, in particular my loans. Today was a significant day for me because I had finally reached the point where my net worth is positive. + +My story is, I finished with about $150000 or so of debt out of graduate school in 2012 and finally started making an income and living on my own. Previously, my only previous job was a low-paying job during college, and this was during the 2007-2008 period. At that time I had no knowledge of what a 401k or a Roth IRA was, no clue about a stock or a mutual fund. The financial meltdown didn't register with me. Even in 2012 after starting my job I was still unaware of anything related to investing. + +Some time during my first year of working I stumbled upon the The Bogleheads' Guide to Investing book. It was useful knowledge, but I didn't have the determination nor confidence to initiate the plans laid out in that book. It was only a year later, after reading it once more again, did I finally open my Roth IRA with Vanguard. I played it safe with just VTSMX. + +With regards to my student loans, I was on the IBR plan. I had no clue the amount of loans I would be taking out back then and no idea of the difference between subsidized and unsubsidized. In retrospect, I was never explained any of this when I accepted the financial aid package. Maybe they briefly did but if they did, I never thought about the future. I'm sure they would have explained if I had asked, but they did not volunteer this information (say what you will, but without a good mentor, without knowing what to ask, without knowing where it's headed, you are young and you don't necessarily have the foresight to see this). In addition I didn't realize paying this IBR amount would make a negligible dent to the loan principal. I feel most students and graduates end up in this situation. + +It's unfortunate I can't explain what happened between 2013 and the end of 2015. My loan about was about $160000 at that point and stayed constant from 2013 until July 2015. I probably hoarded cash during that time (ie sitting in checking account making the bank money; I also did not have the concept of an emergency fund in my mind at this time) and spent it on stuff. I did maintain my yearly maximum Roth IRA contributions, however. It must have been around this time that I realized, gee, I'm accumulating over $10000 per year interest; any payment less than about $850 means all I'm paying is for interest (and my payments were a pitiful $500 a month). [Here's a plot of my student loan payments over time](http://i.imgur.com/W0YiI0z.png). + +I started paying extra each month when I had the extra money. The increase in net worth over the first half of 2016 cannot be explained purely in terms of paying off student loans, which I won't get into, but let's just say I made some atypical investments that in retrospect I would not have with my current knowledge. In short, stick to the Bogleheads philosophy to investing. If you see charts and numbers claiming high returns and they compare these directly to the SP500, assume they are manipulated (not fabricated, but selected for certain timeframes to make them look favorable). You won't regret ignoring these; just play it safe, slow, and steady. Keeps life simple, keeps the tax returns simple. + +Continuing on, in mid 2016, my new job started. This one gave me access to a 401k and a great 403b so I have been shoveling money into these accounts to the best of my abilities, so my net worth growth continued on the same trajectory. I also refinanced my student loans, more than halving my interest rate ($10000 to less than $5000 per year). I don't get a tax deduction on student loan interest no longer, plus my future income will be consistent, therefore I was comfortable with refinancing and losing the student loan benefits. With Personal Capital, when they were pulling data from Sallie Mae/Navient, it only looked at the principal and did not include the interest on the principal, therefore I was saddened to see that large dip once the new refinanced amount registered in Personal Capital. + +Also of note, in 2016, I had been leaving money in a checking account, enjoying seeing my balance grow larger. The realization, however, that doing that just gave the bank extra money that it can use to make money for itself led to me opening a high-yield savings account and diverting my money there and leaving a minimum in the checking account. 1% is not much, but a dollar is still a dollar. + +With loans refinanced, I paid a steady amount per month. The interest rate is low enough that I feel comfortable diverting money towards investments/savings instead of paying off the loans faster. Every two weeks the remaining extra money bumps up my investment accounts and my net worth number inches towards $0 and it finally broke the $0 barrier this week. I still have a long way to go, but that is another story. + +It's a long post; thank you for taking the time to read all the way here. If you're early on in your life, mid-life, or even later in life, I hope you picked up a few useful tips and mistakes not to make from my story. Currently I am reading The Millionaire Next Door. I have read quite a few blogs on investing, retiring early, etc, so have a decent amount of knowledge regarding investing safely and reasonably. Even if you feel the same, I felt reading The Millionaire Next Door affirms that living frugally and prioritizing saving is the right path, and the anecdotes in the book about the mistakes people make help me avoid the same ones in the future. +When the markets were down almost 2% earlier today it made sense to me cause inflation is still high (and higher than predicted). It doesn’t make sense to me that markets suddenly pumping up to 1.3% after that. + +Any idea why markets turned around and pumped? +Hoping that this is a good sub for this. We aren't fatfire territory yet but I think it is still relevant for this community. + +My wife and I are in our mid 30s. We have always planned on hanging it up or radically slowing down at about the 2m mark. This means moving to a LCOL'ish area and working in professions that we find deep enjoyment in as opposed to ones that generate high incomes. My wife would still make a good salary but I would probably be on the lower end of the middle class income scale. Other key facts... we have 1 child who is 2 and another coming along in a few months. + +As of yesterday we just eclipsed the 2m mark. This money is distributed approximately as follows: + +* 800k taxable brokerage +* 500k in 401ks +* 100k in Roth IRAs +* 100k in combo of checking/savings +* 500k in home equity (900k outstanding on mortgage) + +Other points of consideration: + +* We carry no other debt than mortgage +* We have college for both kids taken care of outside of the numbers listed above. + +So this sounds rosy right? I also found out this week that I was getting promoted. This is not really a normal promotion. It is more a "crossing the rubicon" type of promotion where I am graduating from a lower executive tier to a considerably higher executive tier. My compensation will become much more variable but it could easily jump 4x or more from current values. To put real numbers around this. My target comp currently is 550k. My peers in this new role made between 2m and 8m in 2018 from what I can gather. Additional points of consideration: + +* I hate my job and would hate this one way more +* This job will require me to spends upwards of 100 days a year away from home +* Much of the compensation listed above will be equity. It will virtually guarantee continued employment in this role for a minimum of 5 years to really make it even remotely worth it. +* My wife has her own high pressure career that she would need to consider given the above travel etc. while she is "waiting for me" + +How would you arbitrage spending time with kids, doing something you enjoy and living a nice but MUCH more frugal life vs. banging it out 5-10 years, missing the golden years of your kid's childhoods but still retiring relatively young with what would likely be mid to high 8 figure type of wealth. I am really stumped guys. Honestly stumped on how to proceed here. One more note... this isn't an "I can turn it down" type of situation. I either need to take the job or exit. +I have been targeting end of next year as my FIRE date. Some background - 40 year old couple, 2 young kids in elementary school. Live in a very Hcol (california bay area) and would like to continue living there because our family and social circle is all here. I currently make 1M/yr before taxes. ~5.4M in investments (around 1M in tax sheltered accounts). We have a large mortgage with a 14k monthly payment for the next 13 yrs (3.125%, 1.85M remaining). We don't want to downsize or move houses. No other debts. Outside of the mortgage our monthly expenses are 12k - about 1.5k out of that is child care, 2k is properly tax and another big chunk is travel. + +Given the above it feels like we have enough to FIRE but I seem to have fallen into the one more year trap given I can just work a couple more years to make the pot bigger (if I continue working we can easily save 300k/yr). At the same time there have been a number of health related issues in our immediate and extended family which makes me realize how important it is to enjoy your healthier years especially with young kids. + +What would you do in my situation - FIRE end of next year as planned or continue working for 3-4 more years to make retirement even more safe? +Hi guys, + +I was curious to get a range of networth-to-income by age. I think it would provide an interesting benchmark. + +When I say income, I think it would be helpful to only include your employment/business income, not your investment income that you're re-investing, ex. Dividends. +I recently invested a considerable amount into cro and I am in the believe, that it's an upcoming crypto exchange with quite some room to grow. + +Now with the news about the crypto.com cards the price tanked from 40 to 30ct and I am wondering if that could be a better entry point or if everything is going to waste now. + +I mean, after all they still have great marketing and I can see cro becoming widely used around the world due to such things as the FIFA world cup coming up. + +What's your guys opinion on the future of cro? +Randomly decided to get the app last month. I found myself getting immersed on stock threads that I was invested in and having fun. Then one after another, i start seeing people shouting out other tickers that were gaining momentum, leading me to investing in several pump n dumps like SLS, BCDA, RHE...etc and have lost a shit ton of money since. I kept falling into the trap of the dumbasses on the threads saying “100 PM tomorrow, Bullish” and felt confident with my buys then the stock dumps then every1 is crying together on the thread. Now im seeing companies like GEVO, AQMS, OEG...etc going parabolic. I had positions in both GEVO and OEG a while back but sold due to impatience. If i just held my long stocks and stopped trying to chase these hype pump n dumps, id be blessed rn. + +Im coming back to pennystocks and investing in companies thoroughly analyzed by you yutes. + +Fk stocktwits and fk 2020, lost a lot of money but hoping to make smarter decisions in 2021 ✌️ +# The Harambe Division has begun + +**Thank you to all the brilliant artists who have been a part of this competition.** + +Thank you to all of you who come back day after day, to support your fellow apes! We are so glad to see that everyone has been enjoying this so much. You can look forward to more exciting things like this in the future 😉. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Welcome, one and all, to the final bracket for the** [r/Superstonk](https://www.reddit.com/r/Superstonk/) **Banner competition.** + +Here is what you need to know going into the finals: + +1. Unlike our previous brackets, **this one will continue past the first two rounds**. The winner of this bracket is the winner that will take it home. +2. The Match-ups have been chosen in a different way this time. Before, the entries were matched chronologically. That is to say, they were matched as they came in. This time is different! We have tallied the total votes for each entry from rounds one and two, then **matched them in the following format:** + +&#x200B; + +|Top Seeds: Silverback|\-- VS --|Bottom Seeds: Gibbon| +|:-|:-|:-| +|Top Seeds: Gibbon|\-- VS --|Bottom Seeds: Silverback| +|Top Seeds: Bonobo|\-- VS --|Bottom Seeds: Chimp| +|Top Seeds: Chimp|\-- VS --|Bottom Seeds: Bonobo| + +&#x200B; + +3. **You will have 12 hours to vote on each round, so do not miss out!!** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**4 Divisions, 128 entries, now only 32 Banners remain!** + +# 🥁 [Harambe Division - The Finals 🥁](https://www.polltab.com/bracket-poll/CeHmHHxFDkQ) + +\-------------***This is where the real fun begins!***\------------- + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This community is so very special, thank you for all of your kind words. + +*Apes together strong 🙌💎* +Delaware will vote today on whether to permit the storing of corporate records, including stock ownership, transfers and voting on one or more blockchains. + +One stated goal is reduced costs and addressing challenges faced due to budget cuts. + +"The bill was formally introduced in May of this year and approved by Senate earlier this month. If the amendments pass in the house, this would explicitly make it legal for companies to store their records – including stock ledgers – on a blockchain." http://www.coindesk.com/delaware-blockchain-stock-bill-likely-to-advance-in-house-vote-today/ + + +"The amendments would require any stock ledger (including one maintained on an electronic network) to serve three functions: (i) enable the corporation to prepare the list of stockholders entitled to vote; (ii) record the information required by the DGCL to be maintained in a stock ledger; and, (iii) record transfers of stock." https://corpgov.law.harvard.edu/2017/05/01/delaware-law-amendments-and-the-maintenance-of-corporate-records-via-blockchain/ (also included here, a link to the proposed legislation) + +[UPDATE: Link to Senate Bill and status] + +Senate Bill 69 +https://legis.delaware.gov/BillDetail?LegislationId=25730 + +------------------------------------------------ + +**UPDATE: Current Status: Passed 6/30/17 +What happens next? Sent to Governor for action** + +Of course, everyone should have an emergency fund. + +But apart from that letting your money sit in a bank is absolutely illogical. + +Most banks give less than 1% interest, on average inflation has been increasing by 5% percent each year. This means that every year, the money in your bank loses value. + +Instead if you invest, you will be making money from your money, which is how you get rich. + +If you invested $100 in ETH a year ago, you’ll have $1000 now, if you kept that money in your bank your $100 will become $101 (being generous) and you’ll have less buying power than the year before. +I'm not a powerful or independently wealthy person. I just got lucky and found out about Ethereum early. I think I put less than $2k into ether and HODLed. While not the largest % drop I've experienced, today was the most difficult HODL I've had yet. AMA +I've realized that my reading on the world economy has become biased towards those that think we are headed for a big fall. +My current thinking on the economy is that levels of debt are unsustainable, the printing press can't keep going a the rate it is, there seems to be widespread corruption and collusion in financial markets and there's a pretty good chance (99%) of a crash larger than 2008 within the next few years. I'm also pretty certain that bail-in's will happen in many western countries. As such I recently diversified a little into gold, silver and cryptocurrencies (which, by the way have been extremely profitable for me at least, better than any other investment I have ever owned). + +Obviously to maintain a rational mind I need to critically evaluate those that think the world economy is doing just fine, or perhaps even going to accelerate. + +So tell me /r/economy, why are the doom-sayers wrong? +From rural Kentucky here. Gas jumped up $1.10 overnight last night and it has me wondering. Most people in this area (and state) are low income and most jobs don’t pay over $9-$10/hr. A lot of people, myself included, are scared of eventually not being able to afford getting to work. Back when gas was only $3.09 over half of my paycheck was going to just getting to work and back. This county and the surrounding ones are super spread out, majority of people living outside city limits and needing to drive to work everyday. What happens when we just can’t afford it anymore? Is anything even being done to lower the prices? +I’m not from the USA so I don’t know what they think about him. All I remember is a lot of people happy because of all the stimulus packages but it was obvious that was going to bring the huge inflation which obviously was going to end up in the increase of the interest rates. Does the general population consider him a good chair of the Fed? +Can someone give me a quick rundown on pro’s and con’s of either platform? + +I’m currently on WealthSimple, but the 1.5% conversion in and out of USD (without the plus account) is a nasty fee. + +I have about 70% of my portfolio in index ETFs, 30% individual securities. Mainly buy and hold but occasionally move in and out of asset classes based on my views and economic environment. + +I notice that some ETFs that I am interested in are not available on WS “not eligible for clearing in Canada”. (Ie IVOL, PFIX, COM, HAUS, etc.) is this also the case on IBKR? + +My portfolio and trades are small (<50,000 portfolio). + +Thanks for advice and opinions! +Article [here](https://www.ctvnews.ca/health/coronavirus/home-prices-won-t-recover-from-covid-for-at-least-2-years-cmhc-says-1.4926226). + + +Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest. + +The housing agency also cautioned that the impact of the COVID-19 pandemic is unpredictable and beyond its worst-case estimates prior to the outbreak. +I'm thinking of liquidating my Wealthsimple Balanced Invest and move it to Wealthsimple Trade for the following reasons: + +1) Management fees + MER fees in WS Invest vs just MER fees in WS Trade + +2) Consistently poor performance in WS Balanced Invest about 2% rate if return in the last 12 months. WS Roboadvisor seems to be consistently purchasing poorer performing products especially in fixed income products like XSH & ZFL bonds. I have a balanced account in Questwealth roboadvisor which gives me twice as much at 4.05% in the last 12 months. + +3) the prevalence of many broad-based ETFs which mimic products in roboadvisors that can be bought with WS Trade or Questrade self-directed accounts, charging only MER fees without the account management fees. These broad-based ETFs seems to be a strong equivalent to roboadvisors. + +My questions are: +1) Are these good enough reasons to dump WS Invest roboadvisor? +2) If I liquidate my WS Invest holdings of $102,000 which I initially purchased at $100,000, is my capital gains $2000 for which I would be taxed? +3) What other matters do I need to consider if I ditch WS Invest for WS Trade or even go over to Questrade? + +Thanks for reading and really appreciate your input. +Edit: Thank you all for the advice, I was on the verge of tears lol. Will wait for my employer to clarify but it seems like I was supposed to do 8.5 hours. Thanks again, I really appreciate it! + +&#x200B; + +Update: Thank you all for the responses, I won't be able to respond to everyone, but just want to say I appreciate each of you <3 Also, update, I spoke with my boss, and apparently, I was doing it right the whole time. Clearly was worrying to much. But thank you all for sharing your stories, I def needed to hear them. + +Hi all, + +So I am a recent grad who started working for a nonprofit. My boss and org have been so sweet and understanding. But I can't help but feel so incompetent and just so out of place. I have been making so many careless mistakes digitally, it is so embarrassing. I am on an annual salary and my signed hours are from 7-3 pm. I get a 30 minute paid lunch. My job is remote. + +What I have been doing for the past two months since I started was logging my hours as: + +7-12:00 PM Work + +12-12:30 PM Meal + +12:30-3:00 PM Work + +My boss reached out to me today telling me that we have paid lunch and that I should use it and I was confused cause I always clock in my lunch and she approves them. She then told me she only sees my hours logged as 7-3:00 PM/8 hours. I then told her how I logged time and I haven't heard back. I know she saw my message. + +I am FREAKING out. Was I supposed to be working 8 hours a day and then get a 30-minute lunch break, is that lunch break not included in the 8 hours? I am literally gonna start crying, this new job and professionalism have been so stressful. I wish I can talk to my parents about this but they both work minimum wage jobs on the hour and don't get paid lunch. I am so scared. Idk if it's cause I am the first in my family to work a professional job, but I feel like this transition has been so much harder for me than my peers. I don't know if I can do it. + +&#x200B; + +&#x200B; +This year has been literal hell for a bitcoin miner. Already since the Terra implosion earlier this year and the Russia-Ukraine War, the electricity costs in many parts of the world have been rising while the BTC price was plummeting. This has the consequence that miners are having a tough time to pay their bills as the BTC they mine is worth less but they have to pay more. + +Now since the FTX crash and the further BTC price crash this has escalated further. Here a visualization of the problem: + +&#x200B; + +[Bitcoins electrical cost in comparison to price ](https://preview.redd.it/jg596yzryp3a1.png?width=1200&format=png&auto=webp&s=8ea231c923decfdef6fe9f17a00b99898fe0e9fb) + +As we can see for just the second time in the past 5 years the BTC price has breached the crucial mark to make it unprofitable to mine a BTC right now as the cost are higher than the value of the outcome. This usually causes a lot of miners to sell a lot of their holdings to just keep paying the bills. + +&#x200B; + +[Bitcoin Miner Sell Pressure indicator by Charles Edwards \(showing a 400&#37; rise in 3 weeks\)](https://preview.redd.it/mc44pod7zp3a1.png?width=1199&format=png&auto=webp&s=02592db94b8880f01b6200da39cf89893e859ab5) + +As this indicator shows, this might become be the biggest miner capitulations since years. Miners were once just mining and holding but now they have to sell if they want to remain in business, there is a ton of pressure on them now. And this will obviously cause the price to go down further and then this will cause even more miner selling. Which could lead us to be in a death-spiral like that. +I have a few tradies in my family, mostly carpenters and plumbers and at the hot topic at family dinner at the moment seems to be about how there have been major price hikes for basically every type of building material possible, even rubbish removal has increased 50%. + +Apparently if you were to build a house at the moment it would be 30% more expensive than this time last year. + +We have another family member who signed up for one of those 5% deposit house and land packages at the end of last year and building isn’t due to commence til early next year. They have locked in the prices for the build before the price hikes so we are curious to see how this plays out and if he will have to fork out more money, hopefully he doesn’t. + +What does everyone else think will happen in similar situations? Will builders try and get out of their contracts? +Hey all, + +I hope you are all doing well, with the current inflation rate and hike up of the interest rates, do you have concerns about repayment of your mortgages? +The next few years presenting quite tough situation based on the current highly possible recession. If mortgages of around $600000 30 years term might have a hike up of $1.5-2k monthly. How do you guys deal with it ? I mean it's as much as a requirement for additional part time job . + +I hope you are all good and keeping up. + +Thank you . +Hi everyone, i didn’t attend any auctions but a couple of interesting things in Melbourne’s inner north: + +Saw [this three bedroom apartment in North Melbourne ](https://www.domain.com.au/4-375-abbotsford-street-north-melbourne-vic-3051-2016405987) for 750-800K. Partially renovated, probs not bad but there will be construction across the road for at least two years. So no. + +Also, in a follow-up, we met a lady at a place we were looking at who owned a place on the same street, insisting it was the best in the street and bigger than all the others - which it is in size. She said they weren’t going to sell as prices were too low, complaining the other vendors on the street were driving down prices... well, lo and behold they *did* decide to sell, and by the looks of it they’re doing it by themselves, and the price reflects that. Overblown compared to others on the street, no professional photos, and interesting advertising techniques: [but you be the judge](https://www.domain.com.au/43-brickworks-drive-brunswick-vic-3056-2016391873). + +So, what did you observe in your neck of the woods around the country? +Hey guys! + +I would really appreciate some assistance around my finances, specifically any solid experience or just general words of advice if possible. + +I am 25 years old and I have been working like a maniac for the last 5 years developing my career. I have recently been promoted to quite a senior role which has equated to me getting a pay rise to about 110k after super. + +I have not had access to a paycheck like this before and I want to ensure that I don't go crazy and that I budget properly and save as much as I can. + +I am absolutely horrible with money, I spend too much and I typically never save. The only saving I have is 5k in the bank that's built as a rainy day fund. + +What I am really hoping to get out of here is advice on: +- best saving techniques +- best budgeting tools +- what savings accounts I should look into +- any general advise you want to share with a 25 year old who sucks with money + +Side note - I have no debt. +I am yet to receive the PF interest for 2019-20. Just happened to see this article on Oct. Have you started getting the PF interest credited to account? + +[https://zeenews.india.com/personal-finance/good-news-for-pf-subscribers-epfo-likely-to-credit-8-5-1st-installment-on-diwali-2316717.html](https://zeenews.india.com/personal-finance/good-news-for-pf-subscribers-epfo-likely-to-credit-8-5-1st-installment-on-diwali-2316717.html) +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + +1\. These housing finance companies (HDFC, DHFL, CanFin, etc) do they lend only to retail / end-user borrowers for buying house, or do they lend to builders too? + +2\. For lenders to builders / RE companies : what are the typical repayment T&C ? + +3\. is the repayment by builders contingent upon sale of units to end-users ? ie, if only 50% of flats are sold, the lender gets only proportional dues from builders ? + +4\. from where do these lenders for RE get money from? do they get truckloads of deliveries from currency printing press? what do they give in return? (like we pay by Cash-on-Delivery for goods, what do they pay for delivery of cash?) + +5\. For units that remain unsold for several years: Who bears that interest cost for dues owed ? + +6\. Do the lenders have control to recover dues from builders, by auctioning off unsold units ? Does that ever happen? + +7\. With the recent years of "real estate down" situation, how are the builders managing to pay their lenders? + + +I opened kuvera platform this afternoon and saw stocks listed as asset. I am able to see lots of stocks and detailed information about each stock. It looks like tracking for stocks. It connects to few brokers and downloads stocks in your portfolio. I downloaded my portfolio but it is not working. I am unable to see the downloaded stocks. It looks like there is a bug in their platform. +As an amateur who has been investing directly into MF's and now trying to invest directly into stocks. i have been told to study the stocks and just look around the companies which are doing good. I see logistics is going to bloom more and looking for some perspective from this community. +Many analyst are giving target price of 20rs for this stock in coming time. I want to know from investors that are still positive about yes bank and it's ability to bounce bank and inevitably gets value to your shares. +[https://freefincal.com/why-we-badly-need-a-midcap-smallcap-index-fund/](https://freefincal.com/why-we-badly-need-a-midcap-smallcap-index-fund/) + +Completely agree with the post. We need index funds for common benchmarks. Is there any reason no AMCs want to do this apart from the lower expense ratios? +I am a college student and have about 10k rupees saved. I manage to save from my pocket money about 200-800 monthly (well, I am just a student - savings rise and fall :P). I am unsure how I can invest these 10k bucks to make it a bigger amount in future. I do not particularly have anything in mind, but investing and getting some interest on even this little amount is better than just letting it stay in the wallet. The only goal I can imagine is a student loan (due four years from now - approx. ₹35L) +Are there any schemes or plans where I can save monthly an amount as small as 500 bucks and get some good interest? +A lot of articles online that talk about stock buybacks mention an important point that they increase the share price. I’ve always been confused by this point. Yes there are now less outstanding shares, but the company now has less cash. All the company has done is swap some of their cash for some stock. The company is no better off. The only reason why I can see share buybacks increasing share price is that maybe the public thinks that the company has more confidence in their stock because they think it is undervalued. But I can’t understand that it would increase based on less shared outstanding because the company is also less valuable in that scenario. +This is a place for options traders to grow and find new methods of trading options that better fit their risk profile and goals. If you’re going to post, “is spy 5/20 690c a good trade” you better post your exact reasoning as to why you chose that ticker at that strike. Fundamentals, technicals, literally any reason. This isn’t WSB. If you’re not posting your exact reason for wanting to make the trade, you’re just looking for confirmation bias. + +Edit: Everyone who says no, have fun not learning how to trade options effectively. I’m happy to keep taking your premium +I used Fintel to gauge the short interest of any given stock because I thought they were reliable. However, with the latest round of orchestrated "flash crashes" being done on meme stocks, and Fintel actually reporting lower "Short Volume Ratio" afterwards, I set out to find out just what the hell is going on. + +Turns out, Fintel gets their Short Volume figure from FINRA's [Daily Short Sale Volume Files](http://regsho.finra.org/regsho-Index.html). Through that webpage, you can find short volume data for any stock for any given day. For example, today 2021-03-22, FINRA maintains that GME had a **short volume of 2,358,752** with a **total volume of 3,843,634**. And according to FINRA, Total Volume is defined as "**share volume of all executed trades during regular trading hours**." + +&#x200B; + +[FINRA Daily Short Sale Volume File Format Legend](https://preview.redd.it/l45d11be6po61.png?width=774&format=png&auto=webp&s=2a4298fe454531bedf29690f7db0bb901785a0c3) + +Alright, that's cool and all but what is wrong? Well, the problem is the Total Volume figure reported by FINRA is completely off and the fact that services like Fintel uses FINRA's short volume data to calculate short volume ratio presents inaccurate data to the public. + +For example, Fintel is currently reporting a **23%** Short Volume Ratio for GME as of 2021-03-22. The way they calculate Short Volume Ratio is simply take the Short Volume figure from FINRA (**2,358,752**) divided by the Total Volume. Whao, but Fintel is showing **10,054,700** as the Total Volume for GME, what? + +[Fintel uses the Short Volume figure from FINRA. Example: 2021-03-22, Short Volume for GME: 2,358,752. However, Fintel disagrees with FINRA in that Fintel uses 10,054,700 as the total volume whereas FINRA maintains GME only had 3,843,634 total volume.](https://preview.redd.it/5g4lhepc7po61.png?width=821&format=png&auto=webp&s=8f5c94c82d5a01181d73667ebeeb7feed416e25e) + +Okay, let see then.. + +[ Yahoo Finance shows GME had a volume of 9,573,686 on 2021-03-22.](https://preview.redd.it/m3483d888po61.png?width=514&format=png&auto=webp&s=401ab28bc0b80a29c43d0ec4d358566bb035dae3) + +[ WeBull shows GME had a volume of 10,060,000 on 2021-03-22.](https://preview.redd.it/8v5abi8g8po61.png?width=980&format=png&auto=webp&s=8f2cab05661faa8c6c1d132baa7eae18f7ebf79b) + +[ Robinhood shows GME had a volume of 10,060,000 on 2021-03-22.](https://preview.redd.it/fp0t9tkn8po61.png?width=796&format=png&auto=webp&s=3c3eacd125e70226892e147187be9189558a4084) + +[ Fidelity shows GME had a volume of 10,061,505 on 2021-03-22.](https://preview.redd.it/nrkys7cv8po61.png?width=1012&format=png&auto=webp&s=aee32b3251553ab514d1835f9fa0b540e5d9bb27) + +You get the picture. Four sources confirmed that GME had a total volume of \~10M on 2021-03-22. Why the hell is FINRA reporting only 3.8M as the total volume? YES, I am aware that FINRA breaks down their report by markets. I specifically did the analysis based on their "consolidated" data across markets B *(NASDAQ TRF Chicago)*, Q *(NASDAQ TRF Carteret)* and N *(NYSE TRF)* So, what the hell? + +Once I start questioning that, I had to check FINRA's short volume report for a longer time span for GME. Turns out, FINRA has been under-reporting total volume for all tickers since.. ever. Here I compare what FINRA is reporting vs what Yahoo and Fidelity are reporting. (Blue: FINRA, Red: Yahoo and Yellow: Fidelity) + +[ GME Total Trading Volume as reported by FINRA, Yahoo & Fidelity \(2021-01-01 to 2021-03-22\) \[Check sources below raw data\]](https://preview.redd.it/wj18e4vpcpo61.png?width=1554&format=png&auto=webp&s=ecf1121443100b84f7e78e92b7c9c9ceafe96f44) + +As you can see, Yahoo and Fidelity pretty much align 100% on what the total volume is, but FINRA ***\_never\_*** reported even remotely close to what others are reporting. Again, keep in mind the FINRA data I used in this analysis is consolidated across markets. + +The ramification of using FINRA's short volume and the total volume of what everyone else is reporting is underestimating the short volume ratio. If we go by the total volume reported by FINRA, we actually get 2358752 / 3843634= **61.4%** Short Volume Ratio. However, sites like Fintel uses that 2358752 short volume figure and the total volume \~10M figure, that gives a low **23%** Short Volume Ratio. The difference is dramatic. + +**The questions that need to be answered are: what is FINRA reporting? Why do the total volume they report so different than everybody else's? How confident and reliable are their Short Volume data then? If their consolidated data turns out to be not consolidated, are they deceiving the public in that services like Fintel report a fraction of the real Short Volume Ratio as a result?** + +For the record, I did check other stocks *(blue chips, meme stocks, EV.. etc.)* FINRA ***\_always\_*** under-report the total volume. + +&#x200B; + +**EDIT TO ADD:** + +[Fintel's definition on short volume.](https://preview.redd.it/8mhntjpp4to61.png?width=711&format=png&auto=webp&s=68b7285ff634d1f16e313ec990ddc9989509c01f) + +Fintel takes the Short Volume figure from FINRA at face value and divided it by a number (total volume) that includes more markets than FINRA does. *(FINRA's total volume reported does not include or align with exchange volume and they only count trades that are "publicly disseminated")* + +In the end, we learn that the data from FINRA is not complete *(perhaps there will never be a single source of truth when it comes to market data.)* and should not be taken at face value. You can use it to maybe gauge market direction, but it can not be used to accurately calculate the short volume ratio. *(Since, well.. both the numerator and denominator are subsets of the whole population. It is sampling at best. And sampling is well, sampling. It is not meant to be 100% accurate.)* + +&#x200B; + +TL;DR: FINRA allegedly report ~~inaccurate~~ **incomplete** total volume in their Short Sale Volume daily report and services like Fintel uses them and as a result gives **inaccurate** short volume ratio. + +Special thanks to amcstock Discord for helping the research. + +&#x200B; + +Sources: + +* (added) [GME Volume FINRA vs Yahoo vs Fidelity (Google Drive)](https://drive.google.com/file/d/13mRd23Z7V5yeprNr8qPgi16QPLGygwHe/view?usp=sharing) +* [Fintel - GME Short Interest - GameStop Corp.](https://fintel.io/ss/us/gme) +* [Regulation SHO Daily Short Sale Volume File Layout](http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf) +* [March 2021 Daily Short Sale Volume Files](http://regsho.finra.org/regsho-Index.html) +* [FINRA Consolidated NMS Friday 19th March 2021 (TXT file 317 KB)](http://regsho.finra.org/CNMSshvol20210319.txt) +* [Short Sale Volume Daily | FINRA.org](https://www.finra.org/finra-data/short-sale-volume-daily) +Hey everyone. I'm 22 years old, I have a 50k cash reserved for an emergency, checking balance, car fund and fun fund. This 50k is sitting in a HYSA earning 3%. Currently making around 80K a year pre-tax. Maxed out my Roth IRA every year. Contribute 15% towards a company 401k. Expenses are around 500$ - $600 which leaves me a ton of money to work with each month. Not a huge spender, and I budgeted money that I allow myself to fund hobbies and going out around 200$ a month. I still have about 2000$ a month I would allocate towards savings. I really don't have any major plans of purchasing a house or anything (maybe in about 8-10 years from now). I also don't have any debt to worry about. Car is also working fine. My question is that that does it make sense for me to dump all this money (2000$ a month) in an S&P500 fund for the time being, at least until I know what I want to do with it? I know I want to invest it, as 50K for me is more than enough to have in cash reserves. But technically speaking would buying S&P500 index funds monthly be a good move for me financially and tax wise? +Hey FI, + + +Like many of you, I love the idea of passive income. It’s great! I make money by not doing anything! + + +Over the past year, I started a Youtube channel that has been getting some small attention. I average $5 monthly from running ads on my videos. They money is a nice little touch at the end of each month. + + +Now, my channel is definitely not conventional. I don’t like the idea of running a theme across the channel, because that limits how I can do my hobbies. Instead, my channel has a little bit of everything that is my hobby. I make videos of computer science concepts, tutorials, programming, magic the gathering, product reviews (that I get for free in exchange for my review), motorcycle rides, auto repair, 90’s nostalgia toys, nature, science, mathematics, etc. These videos are so much fun to make because I am sharing my passions with the world. + + +I’ve noticed the following benefits of creating a Youtube channel as well: + + +* My passive income is going straight to buying dividend stocks that will earn me even more money (I love it when passive income generates MORE passive income!) + + +* This hobby prevents me from “boredom spending”. Instead of buying things in my idle time, I instead make videos about anything and everything I enjoy. + + +* I am pushed to learn more about things that interest me. Instead of just acquiring a new science gadget, I have to do extensive research and obtain extra knowledge to speak confidently in the video + + +* I also link to Amazon products for an affiliate commission for each sale, so that’s even MORE passive income! + + +* Since the channel doesn’t have a dedicated theme or pressure to perform, I can take time off from creating things and not worry about hurting my income + + +So that’s my story of how I was able to turn my hobbies/passions into some extra money each month. + + +Is anyone else involved in these types of situations? I’d love to hear about passive income generators that don’t require a large amount of money as a startup, especially if the have no risk associated with them! +***A perspective from someone who has worked with the US government as a management consultant for close to 15 years, with a decent understanding of public policy, economics, and cryptocurrency / blockchain technology.*** + +[This Congressional testimony / hearing is very interesting so far.](https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies) The tone is *exceedingly* positive so far, in my opinion. Right now, this is a very small market, but they know it's going to grow, and public interest is massive. ICOs are the flashpoint that has caught their attention, but this story goes far beyond ICOs and "tokens as securities." + +At this point, they are just trying to figure out how to get the government organized to oversee this technology (one agency, or defined roles for multiple agencies- including SEC, CFTC, CFPB, Treasury, Federal Reserve). As a US public policy expert, I can tell you this type of distributed structure is a disaster for overseeing an emerging technology like blockchain. There needs to be a "lead" agency. And they need to employ knowledgeable and qualified professionals. + +But from this hearing, and many other conversations I've had with government officials over the past year, there is a recognition that this is a global phenomenon that no one government can / will control. ***At this point, the US government's primary interest in regulating this technology is in protecting consumers from fraud and manipulation. Do not forget that.*** They might not fully understand the value proposition of this technology at this point (look no further than the SEC Chairman, Jay Clayton for an example of that), but they definitely do not want to quash innovation in this space either- otherwise, they know they risk sacrificing US economic competitive advantage in the future. + +And make no mistake, the US government is also incredibly interested in *using* this technology to improve the quality and efficiency of the services they provide to their citizens. I can't go into details, but know that this is true and being researched heavily. + +As Ethereum (and more broadly, "blockchain) scales and shows real societal and economic value, beyond just speculative financial value, the tone of these agencies will evolve further. They will view this as an important, foundational technology which cannot be ignored. Just like what happened with the internet. Right now, those benefits aren't readily apparent, but make no mistake, this will change in the next 2 years. + +I have plenty of worries about the cryptocurrency market, but at this stage, very few of them have to do with possible government regulation. +I'm bracing for downvotes but here goes: + +During the 2017 rally, I have invested a sum of $12K while bitcoin was gaining value like crazy. BTC was around 17K when I invested. I was very new to crypto & it was a mix of fomo & taking advice from people on reddit. Everyone was just so optimistic & posting links to articles like "BTC to hit 100k this year" etc. I fell for it. + +Couple weeks after my investment, BTC started tanking. Free fall, a total bloodbath. I kept coming back to Reddit for advice but since a lot of people on the BTC / ETHtrader subreddits have money in it, the subreddits were plagued with "HODL it's coming back up!" & other nonsense "TAs" with funny graphs & impossible predictions. + +Needless to say, I decided to HODL like most people were advising while my portfolio sank all the way to 2.5K (I had invested in some shitcoins as well that never recovered - also due to some reddit shills that were selling dreams but that's a story for another day lol...) + +I never sold. Simply re-arranged my portfolio, sold some shitcoins & reinvested in those who were tested & proved. + +BTC has now soared above 50K & it was just enough for me to be in the green again (due to some coins losing 95% of their value & never recovering). Looking back at it, selling during the drop or converting whatever I had to USDT then buying again when the bloodbath was over would have been a much smarter choice & my gains would have been much more substantial. + +All of this to say: Don't "HODL" blindly. BTC has gained immense value during the recent rally & eventually, it will crash again like it always does. When? No one really knows but sometimes, it's okay to sell so you can lock yourself in a better position after a big dip. Don't follow every optimistic advice because frankly, no one really knows where it's heading next. + +Note: I'm only blaming myself for my crypto misadventures. I should've been more careful. I should've researched more & made my own decisions. But one has to make rookie mistakes to learn from them... happy investing! +Golem just released this video: https://www.youtube.com/watch?v=TZcjKlhmUpw + +They talk about their weekly meetings and the purpose of +them. + +Most of the things they are working on are done, they are +just finishing off the rest, but believe people will be happy with it. + +Although the things they are testing now look good, they +predict that we’ll see unpredictable issues once it’s released. (This is completely +normal remember). + +Pretty much the most important thing to take away is the +last few statements: + +“after a two day meeting **I think we are on track** [with] what we planned for [the] last few +weeks **and the next one**”. + +There is one more week of Q2 left and they believe they are +on track with what they have planned. + +So hopefully people can stop complaining about the delay and +trust that the developers know what they are doing. +The only thing any of you should be mad about is that you bought too soon aka you could have accumulated more ETH down here at these levels if you just waited a few more months. Because at the end of the day, today, or any day in between now and Serenity, price doesn’t matter. What matters is the real world disruption that Serenity can bring. Dev progress is what matters, not price action. Sentiment is always lagging behind the tech. 2017 was the result of the world catching on to the “idea” of the tech/crypto. People who were early in 2014-16 reaped the benefits of that. The 2018-?? crew will also reap similar benefits as we enter the next phase of adoption (you’re still early). 2018 is the aftermath of everyone realizing: hey, I bought something that isn’t quite ready yet. + +Serenity will come. It will disrupt. It may even take time beyond Serenity’s release for the world to go crazy for crypto again. But the time will come and anyone who doubts that is simply thinking too short minded. +I'm so tired of the looks of confusion and disbelief when I tell acquaintances I picked up an almost full time second job out of necessity. Even my own mother asked me if I was doing it to pay bills. Well I'm not doing it for fun, Mom! Yes, 75 hours of work a week is in fact a lot of hours. I'm sorry if my poverty makes you uncomfortable. +[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/x3byy4/drscomputershare_megathread_092022/) + +>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/) + + +[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!* +Does anyone have any recommendations for a book that comprehensively walks through various hedge fund strategies? I'm looking for something that goes pretty deep with each strategy, i.e. beyond an undergraduate level. + +Thanks for the recommendations. +Hello all! + +To start, I know very little about actual investing. In fact, the culmination of my experience is reading "A Random Walk Down Wallstreet." + +I'm a hobbyist coder, and I've been tinkering with an algorithm that's netted me between a 136% and 172% return for the past 8 months. I'd like to know what steps to take to turn this into any real money. + +For me the biggest thing is broker's fees. Investopedia doesn't charge anything, and while what I wrote isn't a HFT program per se, it does make many daily trades. + +To be honest, after testing this enough to be confident in it, I'm at a complete loss at what to do next. Any advice would be appreciated wholeheartedly. + + +Hi all, new investor here searching for his first property soon! Just 2 quick questions: + +Does the 2% rule of thumb still apply? Is it still realistic to find properties which provide 2% rental? + +Also, I've noticed some people own like 40+ properties which sounds crazy to me. How is one able to manage something like that at all? Especially while having a day job? + +Thanks in advance! :) +I am in the middle of reading a compilation of Buffett letters to shareholders, and also have read Graham's Intelligent Investor and really like their outlook on valuing, purchasing, and managing businesses. + +I am a graduating student and really want to dive in to real estate once I am done with my studies, starting with a house hack and then growing from there through multifamily rental properties. + +Any of you who are familiar with Buffet's philosophy, have you applied this to rental investing? How have you done so? +I am a fairly new investor wondering if anyone has an opinion on the best way to find off-market deals in this overheated market. More specifically, I am looking for value add small multi-family properties in the Boston area. Any advice or direction would be much appreciated. Thank you +Have you bought real estate inside of your ROTH or Traditional IRA? What type of property did you buy? How did it work out? What company did you use? Did you use any leverage? Are there any surprises that you didn’t see coming on the front side? +What's up guys, newby in college wondering about growth in the real estate market. What is usually considered the type of real estate investing with highest growth? Is it considered to be single family homes or double? I am highly risk averse (22 years old) and new to the market. Let me know what you guys think! +I own a very small office building that I clean out myself, but I want to hire janitorial services for it. I've met with a couple of janitorial service companies and their rates are so much higher than I anticipated and when I asked what they do, they made it seem as if they're just becoming the new property manager. I don't need a property manager right now, just someone to clean the bathrooms. Am I just doomed to clean unless I want to pay a crap ton of money? +Hello guys, I'm looking to get into real estate rental investing in the very near future. One of my ideas right now is to rent a four-plex and live in one of the units. I currently own a home and I have about 60k equity in it. My question is: if I sell my house and profit 60k, should I put the bare minimum amount down on the four-plex (which would be 3.5 percent on an FHA loan) and invest the rest in another property, or should I put the full 60k towards more real estate. The four plex in question is about 450k, in upper Illinois. I'm a beginner so any tips you may have are greatly appreciated. + +Need opinions on if I should continue scaling real estate portfolio or if I’m taking on too much risk and/or too little return. + +Late 20s, making 100k a year, 55k job/45k side hustle , $1500 monthly expenses, living in rapidly growing MCOL city in the west coast. + +I currently have 240K in securities and 20k in cash. + +I currently own two properties: +1st: 4bd/2ba 585K, 350K left, mortgage is $2,200 and currently rent out with a pm for $3,300. Cash flow: $1,100 monthly. + +2nd: 5bd/3ba 625K, 500K left, mortgage is $2,550. I currently rent the other four rooms for $2,900 monthly. Cashing flow: $350 monthly. + +I have a influx of friends moving to my city, one of my friends got a job here and wants to rent a room at my current place. If I gave up my room to him for $700 a month I would cash flow $1,050 on this house and would have $25,800 in cash flow yearly. I have a house emergency fund for each property at 10K a piece. + +If I give up my room, I’d have to sleep in the laundry room (which I don’t mind) or could purchase a apartment that by renting this room out would cover more then half of the mortgage. + +Found a studio apartment for 180K, payment would be roughly $900 plus $400 in HOA monthly or a 2bd 2ba apartment downtown for 339K, payment would be roughly $1,500 monthly plus $300 HOA monthly. Would rent the other room for $1,000 a month. Both apartments will see appreciation but this is more of a cash flow/equity build play. + +The other option would be just to buy a other SFH at 500Ks and then rent out every room again while keeping one until I find the next deal. + +I prefer RE due to generating passive income and the appreciation (100K+) in the homes I already own. I know this kind of appreciation won’t grow this fast yoy but I don’t see this city slowing down anytime soon. + +Although stocks have had a better ROI in the last decade, I prefer a portfolio that is heavily more RE. With inflation looking long term, I’d like to hedge with RE. + +I feel like I should keep purchasing more properties if I can keep cash flowing on every property, I can handle the mortgages on a downturn, while also continuing to save nearly 50k of my income, not including cash flow from properties. +You folks are a great source for help. Four weeks ago I was laid off (RIF) and was shocked. I came to a daily FI thread and asked for help to see if needed to get another stressful job in IT. The consensus from several members, who where kind enough to run numbers on my behalf, was at 60 I could choose to step out of the corporate grind. Today I had a call with our financial advisor who confirmed this and is re-working my plan to accommodate, he loved it when I told him that 4 guys from Reddit said I was good to go! So, after 42 years in IT I'm retired! Wow, it's still surreal. Thank you for your support. +Ive wrote simple strategy using oanda api, but got tangled with functions using another function which already uses third function etc etc. + +Is there any guide how to structure the algorithm, like for example have risk management part stuff then execution part etc etc, i dont even know what to think. Any guide please? +I've been working on this for months and I'm over it. + +I have an algo that I am confident works. It's ridiculously simple. I can code in javascript and php, and I feel I could probably pick up any variant of those like c, c++, or java pretty quickly, but if I were to go that far maybe it would be best to just learn ninjascript or something. + +My preference for this is javascript for various reasons - websockets, simple visualizations, its fast as hell, and ansynchronous. But at this point I don't really care. I've spent hours trying to find an appropriate api to simply trade 1 e-mini futures. It seems like a nearly impossible task. I've looked at things like ninjascript and they seem overly complicated based on what I am trying to do. Maybe I haven't looked hard enough? My strategy literally doesn't even need indicators, just simple price action is enough. Imagine something as simple as "if price is up over x periods, buy". + +What would be the easiest way for someone like me to set up something over the weekend and get it going? Including the learning curve of the system? Thank you. + +&#x200B; + +edit: + +I just want to put out there that my javascript system is already built. It includes backtesting, charts, and has buy and sell functionality, its just not hooked up to a buy/sell api right now. It's also in dire need of refactoring, and would take hours upon hours of care to go live, but for backtesting it is working just fine, and it may take similar amount of time with any route. +Does most of the volume on these top percentage gainers for the day come from algos? For example, do algos just jump onto the boat to make a profit buy buying and selling? Do these bursts in momentum come from algos only or does retail add some volume that disrupts the algos and makes prices move? I'm just confused as to how algos affect stocks. Appreciate any thoughts. +Very nooby question. I want to create a trading robot using the ccxt library, but I don’t really understand what objects do I need to create in order to achieve this. + +So the desired outcome is: +the user of a trading bot creates a portfolio file and the folder called strategies where the strategies are located. Then he distributes funds among the strategies in a portfolio file and also defines extra parameters (no short positions, time constraints, etc). Then the user is able to backtest a portfolio or a strategy, optimise and obviously run it. + +So, I understand that the portfolio and strategy are abstract classes, but really nothing more. How should I structure my project, what objects do I need to create? Apologies for very nooby question +(Note, I know there are solutions that satisfy my needs. But I just want some coding practice) +Suppose I have found a strategy that has a payoff of 0.01% per trade. Now if we do lots of such trades we are looking at an attractive ROI. + +The problem is, the brokerage and taxes take up 0.1% per trade. + +How do I solve this? +So I’ve been reading about bogleheads quite a bit and I am just curious to hear about what others thoughts are in this community? + +I’m loving thetagang and have been wheeling stocks since late last year and I track myself against SPY each week and try to gain more than SPY. But they say most investors don’t consistently beat VTSAX index funds. + +I really think thetagang is a better strategy than bogleheads but am I missing something? I guess the tax man is one thing I haven’t considered since bogleheads don’t pay until they sell. +A month or so ago I bought 100 shares of Vale at a average price of $15.5. And I’ve been running covered calls against it. + +The stock had been doing well and I made about 15% profit in a few months. + +Last Friday my covered call got assigned for a $18 strike. + +I ended up still making a good profit for the short amount of time I had the stock. + + + +Patience has never been my strong suit and I’m trying to fight the urge to immediately buy back the 100 shares l. + +I figure next stock ex dividend date is not for 3 more months, so I figure let me wait till then and see if the stock dips back to around $15. + +Or should I just go ahead and buy the 100 shares again at current price? +I'm just wondering, how many of you have normal day jobs where you might not really have access to your brokerage account to make changes throughout the day? How risky it would be if I got into options trading, but I can't be glued to my phone 9:30am - 4:00pm ? +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. +It's becoming increasingly evident that my own generation (25-40) is becoming less hospitable than those before us. Growing up in a European family, whenever we would have visitors over, culturally it was important to my parents to be as welcoming as possible, part of this being offering drinks (coffee, tea, juice, etc) and providing snacks such as cakes, biscuits, chocolates, dips, etc to be consumed as we caught up with visitors. The expense of the spreads sometimes put out would have been considerable. + +This has been followed on by my wife and I to a less expensive degree, so we always have things like coffee, soft drinks, biscuits, chocolate, chips to offer to impromptu visitors and for those planned catchups go beyond this e.g. cheese platter, cured meats, maybe a small fruit plater, a tea cake. These small measures aren't exactly expensive but go a long way to being welcoming hosts. + +While some people share these values, I've noticed as many, if not more, throw the concept of hospitability out the window. I'm talking being invited to someone's house, spending a couple hours there and not being offered so much as a glass of water. I imagine that for some it is cultural thing but for others a frugality measure. + +I understand that providing a drink and snacks to guests may cost you anywhere from $5-20 depending on the number of guests, but I wouldn't have thought forgoing this is worth the consequence of possible making your guests uncomfortable. + +Keen to promote some discussion on this as it is probably something everyone has experienced and has a view on. Has your frugality impacted your willingness to host guests? To what extent has it impacted on what you offer your guests? Those who have been on the receiving end, are you less likely to visit again in the future? +Suppose you were worth more than $100 million. You're not a billionaire but you are rich. Suppose also you are the prime minister. + +Would you seek to tax the rich eg apply a tax on all millionaires. + +I ask this because many who advocate for higher taxes on the rich are rich themselves, so they know they are worse off, but maybe it is driven by envy of those above them or maybe they truly believe it is right to tax the rich. +We are having a small dinner for Thanksgiving and Christmas with just my household. + +Everyone in my family is no longer doing gifts, and this year not even my household is doing gifts. + +So I'm not even going to bother putting up any decorations because it's just a grim reminder. + +I'm just sad... And I guess I want to feel less alone. +Good morning retards. + +I've broken out my robe, my pipe, and my helmet so that we can sit down and contemplate the most singular and engaging question of our time: + +> If you were a short what would you do if you were SUPER fucked but you knew in two days you were going to be SUPER DUPER fucked? + +That's the question that we're faced with this fine Saturday morning. But let's do a quick review of the facts to understand where the shorts are possibly at before trying to answer that one. + +**Current short situation** + +* According to the DD floating around here we're still at 100% short interest - at least. +* Melvin and Shitron say they're out of their positions. But are they? +* Doesn't matter. New shorts are still short and will be forced to cover. +* We saw liquidity dry up Friday with a bid ask gap of like thousands at one point +* Shorts launched multiple short ladder attacks +* Reports of whales coming in an buying up the shorts shares during the attacks, short can't keep that up +* If shorts can't short attack because of the whales hoovering up their shares, what can they do? They have to buy eventually. +* ~~Oh and then there's the big gamma squeeze coming from Friday.~~ Ok looks like the gamma squeeze may have occurred [already](https://ns.reddit.com/r/wallstreetbets/comments/l8e9f3/read_this_if_you_expected_a_huge_gamma_squeeze/). Thanks to /u/BlueEstee for that DD - they definitely have more wrinkles on their lobes than me! +*~~All call contracts expired ITM Friday. Any naked calls must be covered. More importantly - MMs will be forced to gamma hedge existing contracts for further out expiration. They do this by buying shares.~~ +* Retail is now buying out of spite. Which is the best kind of investing I think. +* I chew crayons. I put that together from what's here. If I did you know the shorts brokers did as well. Margin requirement increase anyone? + +tl;dr shorts current situation + +> They are SUPER DUPER fucked early next week because of the incoming gamma squeeze, likely increasing margin requirements, whales getting involved and of course continued retail interest. + +Much of this is a summation of DD by /u/jkn_ku so read their post if you want a REALLY good blow-by-blow of Friday with some really keen insights on order flow sniping and things I had no fucking clue about: [post](https://old.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/). I know, I know, /r/investing but goddamn if that isn't some killer DD and it reads like a fucking action thriller. Respect. + +**But what's the shorts next move?** + +The shorts have had a lot of tactics to scare off retail - ladder attacks, PR blitzs, lots of bots, etc. But they have ONLY ever had one move - the move they HAVE to make eventually. And that's of course to buy back the shares they owe their brokers. They're under contact to do so - it's the law. + +But that's what will cause the MOASS and force them to buy from retail, right? That's what we want? + +Yes! But there are other longs out there other than retail - institutional longs. These are usually big companies or funds who purchase gme for long term strategies. We haven't talked that much about them. + +Here's a list and the amount of shares they own from an Investors.com [article](https://www.investors.com/etfs-and-funds/sectors/gme-stock-gamestop-investors-instantly-make-16-billion-gamestop-stock-squeeze/). + +Holder |Common Shares Held (Millions) |% Of CSO |Gain ($ Billions) |Position Date Update +---|---|----|----|----|---- +FMR (Fidelity Investments) |9.5 |13.7% |$3.0 |Sep-30-2020 +Ryan Cohen |9.0 |12.9 |2.9 |Jan-10-2021 +BlackRock |8.6 |12.3 |2.7 |Sep-30-2020 +Vanguard Group |5.3 |7.6 |1.7 |Sep-30-2020 +Susquehanna International Group |4.4 |6.3 |1.4 |Sep-30-2020 +Dimensional Fund Advisors |3.9 |5.7 |1.3 |Sep-30-2020 +Senvest Management |3.6 |5.2 |1.2 |Oct-07-2020 +Donald A. Foss |3.5 |5.0 |1.1 |Feb-28-2020 +MUST Asset Management (SOLD STAKE!) |3.3 |4.7 |1.1 |Mar-18-2020 + +I want to be clear. Longs only represent 51.m shares. And many of these are funds that probably cannot sell due to their fund balancing requirements and what not (I don't know - just guessing there). + +Shorts are shorts AT LEAST 100% according to all of the DD we've read. They still have to buy ALL of retails shares. There is no way that I can see for them to avoid doing so. But they WILL try to lessen the pain. + +And these institutional longs are seeing BILLIONS in gains (with a B) so who knows what could happen. + +So I am speculating that the shorts will approach institutional longs over the weekend for some sort of deal. So keep your eyes and ears open and helmets strapped on tight! + +This is not investment advice. Don't take investment advice from the internet. + +Positions: 1000 shares bought @ 16 + +APES TOGETHER STRONG. + +EDIT: Thanks everyone for the awards but please save your $ for gme shares. + +EDIT2: For those of you doubting the willingness of Longs to sell NOW to avoid more volatility, consider that a large gme shareholder - MUST - sold off their entire stake this [week](https://www.marketwatch.com/story/large-gamestop-shareholder-must-asset-management-sold-off-its-stake-2021-01-28). + +EDIT3: /u/BlueEstee's DD on the gamma squeeze is tight. Adjusted that bit above. +Since there are so many negative posts about Kraken. I would like to offer my 2 ct. + +Do I wish the engine was better right now; of course. But I trust their vision and think they will fix it soon. I have done SEPA withdraws almost every day for the last weeks; and when done before 12:00 I will have it in my Bank account the same day. + +For me; keeping my funds as safe as possible is my main concern; as is getting them out when I want. +I have been in the crypto space for years now; and finding a trusted exchange is hard. + +So I still give them the benefit of the doubt. I think they will fix it. The fact that they can't keep up with demand is a positive in many ways. + +....note: if you can not get trough with and order or withdraw ..don't forget to check the amount of "open orders" you still have, It will not tell you this. When you look at your balance you might forget this... + + +Hey everyone! + +I am new to crypto and a med school student (21 year old so money is scarce) :? but I finally managed to get my hands on 1 whole ETH. I really believe ETH has alot more place to grow as crypto gets more adopted. I plan on investing more and more into crypto in the future and HODL. + +I wish everyone happy HODLing :) +Hello, + +I recently did a Monte Carlo Simulation to ETH against its own daily price movement over the last 100 days. The estimation shows ETH price @ $53,000 in 365 days, you can see the chart in here: + +http://imgur.com/a/6ElGZ + +It's important to understand some of the assumptions from Monte Carlo Simulations such as "Random Walks". This is just a simulation and doesn't necessarily mean the price will follow this trend. However, is still interesting to see what the simulation shows. +>So [traders] go yo-yo in sentiment, thinking $5 is expensive in February 2017, $400 is cheap in June 2017, while being unsure about $200 in July, so waiting for the market to go up or down. + +>But if ethereum continues to follow bitcoin’s trajectory, when it roars again it may do so in a way we have never seen before because its bull runs have been longer than bitcoin’s, its downtrends far shorter, its price gains a lot higher. + +From [Trustnodes.com](http://www.trustnodes.com/2017/07/11/is-this-it-for-ethereum) +The Algorand shillers have been relentless about the future of the project lately. I do not believe it has a future. This is the opposite of an Algorand shill post. + +I do not hold ALGO. This is why. TLDR - just read the bold headlines. + +&#x200B; + +**Inflation - 27% increase** + +The Inflation of a coin is simply the rate at which it is currently increasing its supply every year. I.e. If a token has a 2% inflation rate, then one year from now, 2% more tokens are available to buy. + +One year ago, Algorand had [5,460,295,593](https://coinmarketcap.com/historical/20210919/) coins in circulation. Today it has 6,927,212,643. This represents an **increase of 27%**. Factoring in the estimated staking rate of \~5%, it means the token loses more than 20% of its value every year. + +*(The coin has an inflation rate of 95% if I take the value from* [*54 weeks ago*](https://coinmarketcap.com/historical/20210905/)*, going from 3.5bn tokens to 6.9bn in the past year.)* + +&#x200B; + +**Daily Active Users - 97% drop** + +This is simply the number of addresses on the blockchain that perform at least one transaction on a particular day. + +During the bear market, all projects lose users. Algorand has lost a lot of its daily active users, dropping from over 1,773,000 to just 60600. This represents a **staggering 97% drop in active users**. In the same time frame, Ethereum has dropped 14% (and that doesn't even include layer 2 protocols like Arbitrum). + +This statistic is so bad, it is not even available on the [explorer](https://algoexplorer.io/top-statistics) \- they only list the total accounts. I had to get the real data from Messari. + +[Messari - Algorand Daily Active Addresses](https://preview.redd.it/v8y85qsid0p91.png?width=1246&format=png&auto=webp&s=dcb5222d6567f6a5679bd69a4e3bc0f63d54c61b) + +&#x200B; + +**MarketCap Rank - dropped 11 spots** + +This metric is market value size of the cryptocurrency relative to all other cryptocurrencies. One year ago, Algorand was ranked as the [18th largest crypto](https://coinmarketcap.com/historical/20210919/). Today it is 29th - a drop of 11 spots. + +&#x200B; + +**The CEO quit - he got bored** + +Obvious. But the [CEO left the project](https://www.coindesk.com/business/2022/07/27/algorand-ceo-steven-kokinos-departs-interim-replacement-named/) to pursue other interests. Historically, any time a CEO leaves a project, it has rarely, if ever, held its value. See Loopring or Fantom... + +&#x200B; + +**Decentralisation - not too bad** + +The level of decentralisation for Algorand is unneccesarily convoluted. The easiest way to consider its level of decentralisation is two factors: + +* The [Nakamoto Coefficient](https://nakaflow.io/) is estimated to be between 13 and 15, which puts it well behind its competitors. Avalanche 30, Solana at 31, Polkadot 82 +* The number of active validators is [370](https://metrics.algorand.org/#/decentralization/). Cardano at 3500, Ethereum 411,000 + +&#x200B; + +**Scalability - copied another project's idea** + +Algorand 'solved' the scaling problem by copying what Bitcoin cash did - and somehow made it worse. They simply make bigger blocks, but [they sacrificed efficiency](https://www.algorand.com/resources/blog/silvio-micali-lex-fridman-algorand-and-the-blockchain-trilemma). Bitcoin Cash creates 32MB blocks every 10 minutes - Algorand requires \~ 800 MB to accomplish the same task. Basically, it requires 25x more data to process transactions than a five year old crypto. + +&#x200B; + +**Finally, the shill posts...** + +Some users may be aware, but it is long believe that some projects employ paid shillers. Literally people that post information in a positive light consistently. It is my belief that Algorand is guilty of this. Please understand, that this is purely speculation and I have no evidence. I would be happy to point out specific users and link posts that I am adamant are paid advertising by Algorand. But out of respect to the subs rules, I will abstain - but if a Mod approves it, I have it ready to go. + +&#x200B; + + +EDIT: + +Lots of people accusing me of not having the balls to respond to the comments. + +I actually responded to several of them, but most of my comments got downvoted into oblivion, so I just gave up. If you want to debate, that’s cool, but apparently you only get toddler tantrums from ALGO shillers. + +I tried responding to [this](https://np.reddit.com/r/CryptoCurrency/comments/xj7yhh/the_algorand_shillers_have_been_relentless_about/ip6xrdv/) comment, but my response got destroyed by the paid shillers, so I’ll put it here.. + +* If you want to take the snapshot of the market cap position on the date in your comment, go ahead, but then you also have to take the token supply on that date too, so enjoy the 95% inflation rate that goes with it. * + +If reading comments, I suggest sorting by controversial. +Happy Sunday everyone! I just happen to be looking into natural resources...not oil...but fresh water! + + +The thought came to mind of water potentially becoming a much desired resource as fresh water supply decreases in other countries around the world. I know there's a lot of chatter here about oil & gas but I Just wanted to bring up a discussion around fresh water and see what this community thinks and if anyone has some sort of investment that attempts to track or capitalize on this phenomenon. +Canada seems to be poised to benefit greatly on this trend as we have one of the largest renewable sources of fresh water on earth! + + +Take a look at this blurb from CA Gov run website: + +>Canada has 7% of the world's renewable fresh water. + +> +>It is easy for Canadians to assume that they have an almost endless supply of clean, fresh water. After all, we're often told that Canada has some 20% of the world's total freshwater resources. However, less than half of this water -- about 7% of the global supply -- is "renewable". Most of it is fossil water retained in lakes, underground aquifers, and glaciers. + +> +>For Canada's 30 million people -- about half a percent of the world's population -- this is still a generous endowment. But, more than half of this water drains northward into the Arctic Ocean and Hudson Bay. As a result, it is unavailable to the 85% of the Canadian population who live along the country's southern border. That means the remaining supply, while still abundant, is heavily used and often overly stressed. + +Source: https://www.canada.ca/en/environment-climate-change/services/water-overview/frequently-asked-questions.html +*Expand the section on "How much fresh water does Canada have?"* + + +Point is, countries less fortunate in the fresh water department are starting to invest in land that has fresh water running through it or reservoirs underneath it. In addition to agriculture land used to farm water-intensive crops. My question to you folks is whether or not you have thoughts on this trend, are invested in it or know how to get a foot in on this. +Question - What would you prioritize more, diversification or total return? + +I'm having a debate over which should you invested in: VFV or XEQT, or both. The main point is you always hear about how you should be diversified (XEQT) but if VFV is doing better, isn't higher returns the ultimate goal of investing? + +XEQT + +* 50% of this ETF is basically VFV +* Diversified globally + +VFV + +* Has out performed XEQT in the past +* US is the strongest economy in the world + +Both + +* You get exposure globally and a heavier weight in the US market. + +Curious about peoples thoughts. +People keep saying the outlook for O&G companies are bad. Now, if you take a look at cruise lines, they run on the dirtiest fuel with VERY HIGH consumption and it's nearly impossible for them to transition to a clean energy source (e.g. nuclear). So why on Earth are people investing in cruise lines and not O&G, or why is the sentiment so bad for one but not ther other? + +I personally think that there are too many novice investors that don't even dig that deep to even realize that. + +Edit: the comparison should be made to the car industry transitioning to electric. This topic is rarely brought up for cruise lines. Maybe it's time to consider they're doomed or they need to transition to a cleaner energy source. +Whether it be a big or small name brand, what Canadian company do you really want to go public to invest in? + +For me, a few that I would be interested in are Giant Tiger, GoodLife Fitness, and PCL Construction. I've heard good things about Giant Tiger and used to shop there a lot when I lived in Ontario. Goodlife is the largest fitness club in Canada and always seems like a popular choice among most people I interact with. PCL is a huge general contractor out here in Alberta and often wins the big industrial and commercial projects, so there's lots of money to be made. + +What are your picks? +So I posted a thread here: https://www.reddit.com/r/UKPersonalFinance/comments/8cm8c8/working_out_a_first_offer/ + +I put in an offer of 250 and it got rejected. Estate agent said that the price was non-negotiable so I pointed out that the price had already fallen from 270 so it clearly was negotiable. He leaves +a voicemail saying someone has offered £270 so if I want it I would have to offer 270 and pay the deposit today. I decline again. + +He then calls me relentlessly for the next few hours saying offer 260 and pay the reservation fee (£500) and we can get things moving. + +I point out that I still can't exchange deposits till mid-June due to Lifetime ISA restrictions, which he said the other buyer already had. He then relentlessly calls again to say oh we can get the developer to work with you on that. + +Then this morning he is badgering me again over 260 and saying he's taking someone else to view the place this morning so I need to get an offer in now if I want it. + +Is this common? I'm going to offer £256500 I think which is a 5% haircut on the 270 initial. +Don't get me wrong lambos sound nice but really I have always been someone that lives to eat. And fortunately I grew up in a family that always made sure I had enough. However, it's embarrassing to say but I have always had a large appetite. As a result, I have always loved to eat but especially during these tough times I have to cook almost every meal. + +This might sound like a real "first world problem" I have never gone truly hungry and I know there's a lot of people in this world that do and I get it that I have it so much better than them. However, whenever I have gone to a restaurant, (with the exception of buffets) I have never left feeling happy. I always go home and eat something else which to me just defeats the purpose of going out to eat in the first place. See I can't afford to order as much as I want because the bill for anything that isn't McDonalds and related fast food will literally come to well over $100 sometimes $150 WITHOUT booze just eating for myself. And eating too much McDonald's makes me feel like shit. + +As a result, I have come to associate restaurants as unnecessarily expensive and subpar which just is not true. Don't get me wrong being able to eat a lot and enjoy it definitely has its perks. But I want to be able to just let loose go to a restaurant whenever I want, order 5-6 dishes be an absolute glutton every now and then, and just not care. It might sound weird to a lot of you, but that is something I truly look forward to. Just being able to go out and enjoy a meal and scare everyone in the damn establishment with how much I eat and just pay my bill, leave a large tip without worrying about finances. I want to travel the world and try all kinds of cuisine. + +I don't know what your dreams are post-MOASS but here is mine. It can't be more unusual than this. +Hopped on the BTC train early 2018 after the new years boom of 2017. Of course i regret not jumping on much earlier but i apaprently needed some convincing. + +When the price fell in march during covid i realized this was the lowest price iv'e seen in a long time and decided to go for it. Looks like i was lucky to get a small chunk at 5500$ and now i'l just have to DCA my way to more coins. + +I'm in it for the long run. Let's all HODL hands. + +&#x200B; + +EDIT: Thank you so much for the gold award anon! Much apreciated <3 + +EDIT2: Very thankful for all the awards and luv!<3 Was not expecting so much response. +While I've found the taste of Crayons not to my liking, I fear that years of sniffing fruit-scented markers has made a permanent impact on my last remaining brain cell. Don't consider this to be any sort of rational advice. + +Today while washing the events of the last 24 hours off of my fur, I started to ponder the chances that the whole industry behind closed doors knows that the MOASS is inevitable. What if the DTCC has been in contact with the need to know people on top of the major brokerage players, and an agreement has been made to hold off on the dismantling of Citadel until the appropriate rules and procedures overseeing such an event are in place? + +Obviously we are in uncharted waters with this whole thing, but honestly it didn't seem all that unlikely. Given how long what appears to be inevitable has been delayed, an orderly carving of the carcass could be organized to try to avoid maximum damage to the market. + +How this would affect the retail MOASS interests is an excellent question, and I'm sure that it would be taken into consideration. + +Ran out of hot water coming up with all of that, and now I have an ape hairball the size of a cantaloupe in the drain. +Even while prices are still going up for products and services, the fact that we are unsure of how long they will stay up or exactly how to respond financially is more painful for us. Many people I know have sold their assets due to inflation. A disciplined investor can prepare for inflation by investing in asset classes that outperform the market in inflationary environments. There are various ways to protect against inflation including hedge funds. It generally has helped enhance overall returns and reduce overall risk. \[Hedge funds are financial organizations that are often privately owned and run like Yieldstreet and Hedonova\]. + +These are some alternatives you can consider to invest in: + + +**Gold** has frequently been touted as an inflation hedge. In reality, a lot of individuals have considered gold to be an "alternative currency," especially in nations where the national currency is depreciating. + +**Vintage Cars:** Investing in old cars, though tricky, can still be profitable and a good way to diversify your portfolio. You can try The HAGI Top Index, which tracks vintage collectible cars from Porsche, Ferrari, Bugatti, Alfa Romeo and other brands since not all vintage cars are valuable in the long run. + + +**Wine.** +A unique bottle of wine increases in value with time and with inflation, much like a classic car. Wine, on the other hand, is intended to be drank. The value of the remaining bottles of wine may increase when one bottle of a rare vintage is consumed. + + +**Real estate.** +Investors in real estate have a variety of options, including single-family, multi-family, and commercial properties, to explore as a hedge against inflation. You can use EquityMultiple or Fundrise for that. However, making an investment in commercial real estate frequently calls for a huge sum of money. There are a lot of things you need to consider too like which state the property is in, the quality of the property, etc. + + +And many more. Just choose the right thing that you would want to invest in, don't want to forget to add that. +Can't tell you how relieved I feel today. I guess only people who were in debt for a long time can relate to this! + +I had a long term loan running since last few years due to purchase of a car I couldn't afford at the time but could pay in installments. I am not so bright, don't be me! + +Soon after pandemic I had to take a big salary cut or lose the job. So I chose the former. Suddenly, I was not able to pay off my monthly installments. I started taking out huge chunks out of my crypto investment portfolio every month. + +I exhausted my portfolio last month. But I just wanted to live debt free no matter how. Had to do the inevitable and sold my moons today. And I did pre-closure of debt few months ago. +The sense of relief is immeasurable. I just hope no one has to live under the trap of debt. + +My only regret is I lost all my crypto investments and losing on moons just before mainnet. But oh well! + +I won't be a millionaire any time soon but I sure do feel like a million bucks. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I started buying at $18 and I'm still buying now hoping to get as much ETH as I can get my hands on before lift off (maybe that's happened already). I'm not sure where I'm going to stop buying. I feel like the 5-8 year potential for ETH lies somewhere in the $500-$1500 range. Based on that, I'll probably +continue buying up to around $100. What are you guys thinking? What's your number? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Evidence has come to light of Discord channels being set up to coordinate the farming of community points on /r/FortNiteBR, /r/CryptoCurrency and /r/EthTrader. + +These users are creating accounts and using them to upvote each other's posts to increase their donut counts. A screenshot showed that there is a channel dedicated to farming EthTrader donuts so this is undoubtedly happening in our subreddit. + +Right now on the front page, we see 4 meme posts from an account created in Dec 2019 and whose first comment was only 3 days ago. + +Another account, created 3 days ago, has already posted 4 memes, and all have gotten to the front page with hundreds of upvotes. + +In response, I'm proposing a poll to decide whether we should enact a new rule that says that only users who have at least 3 months activity in EthTrader, which will be determined by whether they have earned donuts for at least 3 months, will be allowed to post memes to EthTrader. + +The options to answer the poll will be: + +"Yes, I support a new rule that says that only users who have at least 3 months activity in EthTrader, which will be determined by whether they have earned donuts for at least 3 months, will be allowed to post memes to EthTrader" + +or + +"No" + + +\--------------------------- + + +This governance poll proposal will remain stickied for at least 2 days. +So according to this: + +https://etherscan.io/token/Gnosis?a=0x1d0DcC8d8BcaFa8e8502BEaEeF6CBD49d3AFFCDC + +The community just bought 418,777 GNO. + +And the rest 8,581,222 just went straight to the Gnosis team. + +That excludes the 1,000,000 that was already reserved. + +That's 4.1% that the community holds. + +I started buying at $18 and I'm still buying now hoping to get as much ETH as I can get my hands on before lift off (maybe that's happened already). I'm not sure where I'm going to stop buying. I feel like the 5-8 year potential for ETH lies somewhere in the $500-$1500 range. Based on that, I'll probably +continue buying up to around $100. What are you guys thinking? What's your number? +&nbsp; + +It's out of hand, within a a few days the whole subreddit has changed to something unrecognizable. Just days ago it was possible to discuss and share opinions, now some of the most baseless and factually incorrect comments I have ever seen are getting upvoted. + +I give you evidence nr. 10242 + +Yesterday I made a post about an interesting observation I made about how a "no fork" situation might play out in regards to the attacker. (Link below) My concern and point of view was that maybe the anti-forkers hadn't really thought through the fact that if we move on without a fork, it won't be business as usual. Agree or not, there may be some grave consequences in the direction I laid out. + +I might have a been a bit patronizing, for that I apologize. I blame mountains of money and pools of alcohol. However regardless my points are well argued nevertheless. However what happens, the comment that receives the most upvotes appears to be written by an indian click farm operator. There is zero substance in the reply (in my humble opinion). It's the most bland "blame yourself #nobailout2016" post ever. Yet for some reason, apparently this is what the majority of r/ethereum agrees with. #mindblown. + +&nbsp; + +My post: + +r/ethereum/comments/4qnt0p/one_thing_to_consider/ + +The most upvoted comment: + +/r/ethereum/comments/4qnt0p/one_thing_to_consider/d4uj87v + +My reply: (On tilt) + +/r/ethereum/comments/4qnt0p/one_thing_to_consider/d4vj8le +I just stumbled over an article on the German news-site Zeit and it sounds quite unbelievable. I tried to find an English article covering it, but so far only found this one which seems to be missing the ledger part: + +http://www.tellerreport.com/tech/--cryptocurrencies--you-also-have-to-take-good-care-of-your-bitcoin-wallet-.r1M2DoG-N.html + +So keep your hardware wallets safe, folks! + +German article: + +https://www.zeit.de/digital/2018-12/kryptowaehrung-chaos-computer-club-kongress-leipzig-hacking-wallet-bitcoin +App store revenue makes Apple somewhere to the tune of 50 billion dollars as of 2019 + +https://www.bnnbloomberg.ca/apple-s-app-store-revenue-tops-us-54-billion-in-2019-1.1372916 + +This seems like it could be a risk for Apple's stock, it doesn't seem there has been substantial analysis of this yet, nor has the stock moved much since this news? What do you think? + +What if they were forced to allow third party payments to make it to the app store and a lot of their 30-15% cuts went away, or had to reduce fees? + +Seems like everyone has bet this won't happen, but Epic did pick some very smart timing amid the congressional hearings on this very topic and getting all its fans on the same page, then Microsoft's Xcloud issues and Facebook also complaining of the fees could almost seem coordinated, if not just all independently well timed of the hearings. +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. +My wife noticed on her Experian report that a student loan from 1996 has appeared on her credit report and is now reporting as current for Feb and Mar. She believes she satisfied all Student loans over 15 years ago. She did not reactivate this loan and did not make a payment in Feb and Mar. No idea how the loan reactivated or how to prove after 25 years that this loan was satisfied. The reporting party is US Dept. of Education ECS. Should she contact them or dispute with Experian? How do you prove a debt was satisfied so long ago? How could this loan be reported as "Current" for the last 2 months, when she has no idea this loan existed and did not make any payments on it in over 15 years? +BB's climb today hit $20 before slowing down and dropping back to $15, this is only natural when paper handed baka's sell off their positions for a measly profit. + +BlackBerry is only beginning its journey, and the fundamentals back this up. + +QNX Software - is already being tested out by automakers like Volvo, for use in their industrial vehicles. Where self driving tech is expensive for civilian cars, it could pay for itself when applied to truck convoys and public transport. + +IVY - linked in with BlackBerrys autonomous vehicle software, IVY is a way of collecting driver data to further help consumers even after buying their vehicle. Information on thing like acceleration and braking, safe lane merging etc; drivers that drive safely could be offered discounted insurance prices. This data is also highly promising to help with accident insurance claims proving what driver is to fault. + +Cylance + Cyber Sevices - basically SkyNet, proven to be extremely effective in the field, and constantly evolves to prevent threats before they strike. + +2021 5G Phone - Not talked about much, but a new BlackBerry mobile phone is slated for a late 2021 release. Only phone releasing with a physical keyboard, runs Android and boasts decent specs at a $500 price point. + +**-- TLDR --** + +**BB's price is no where near its potential value; and in a market based on prospective sales and market reach, its 3x under its deserved price.** + +Edit I - added in IVY potential. +As the title states. Maybe I’m wrong but I’ve noticed very little DRS posts this past week/weekend (in comparison to what I been seeing). Get back to the mission. DRS. Forum is sliding with lawsuits and suicide posts (RIP). Back to the mission. Everything besides DRS and good DD is a distraction. Friendly reminder. + +Love +First of all I’m completely new to this and have a few thousand I’d like to invest. + +Is there like a website? Are there commissions paid for the purchase of shares? Do I need a specific type of bank account? + +Lastly, I’d love to hear about your investing styles and I’d greatly appreciate if you pointed me towards a resource I can study that will help. + +Thank you. +I (21f) have been living on my own (for grad school) for two years and doing so via a fellowship granted by my school. + +My dad has a “tax guy” for the whole family. Despite my prodding, he did not ensure that the guy look into the recovery rebate credit for me (I didn’t get either stimulus check) and after my federal refund came, my dad suddenly finds out that he’d still been claiming me as a dependent. + +(Him not knowing was the extent of the “mess up”; I still kinda actively blame him because his only reaction was to say that the $1800 I missed out on was only a small portion of the millions I “owe” him for raising me. He doesn’t take my efforts to be financially independent seriously and has zero interest in helping me receive this money). + +Is there anything I can do to correct my taxes and still get this credit? Or is it already too late since I got the check/he claimed me as a dependent? + +Edit - for the sake of not being too harshly one sided, I talked to my mom a short while ago and she claims he was joking about me owing him. Apparently it’s “parent humor” +I will use SALT as an example because it seems to be one that people like here. + +So as I understand it, SALT will lend money against your SALT holdings. So if you own 10 SALT coins @ $10 each, they will lend you $100. + +This is just a secured loan with no interest. There is nothing special or new or unique about this idea. I don't understand why it needs it's own coin or why people think this is ground breaking. + +I will give another example in Decentraland. It's a Virtual Reality, Second Life meets Minecraft type game. Great idea. Why does it need a token? Couldn't it just be a video game that accepts an already existing currency? + +And another one Syscoin. It is going to be an Amazon competitor (lol). Great, no one has thought of that one, but WAIT! it has its own currency, so it is somehow different. Why does this need its own coin? + +And I could do this with nearly every coin I have researched so far outside of the actual currencies. They are all at least just trying to be money, which makes sense. + +But hundreds of coins, most just copying existing tech, slapping a coin on the end and getting absolutely enormous funding, for little to no new tech or ideas. This seems so familiar. + +I have to be missing something. So hopefully someone can explain this to me. Thanks +Hey guys, + +I posted a question today about splurging + +https://www.reddit.com/r/fatFIRE/comments/efgxqh/need_advice_on_splurging_along_the_way/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +Some posters mentioned that I should get a car loan at 2% since the average returns are 5%. I have 100K sitting in a money market generating 1.5% return. I did this since it’s safe and I wanted to make sure my money was available during an emergency. + +It seems that I am probably missing the boat and not investing wisely. + +How do you all invest your emergency fund? What’s your rate of return for 2019? + +I appreciate all the input. +I grew up poor. Not in any extreme circumstances but single parent household, section 8, etc. + +I'm now 27 and I feel no closer to financial security. I've had bouts where I've worked two jobs and was able to afford my own apartment but those always ended in under a year. I've had periods where my credit was 750, I had limits of up to 9k, and my savings account held $16k. But I always fell back down because I don't know, circumstances I guess. + +I'm the only one without a kid and so usually everyone relies on me financially. I've paid $1600 rents, purchased groceries, given out hundreds and asked for nothing back. Which is fine, I love to help, but I know I am not in a position to. Everyone is doing well now, so they don't need my help as much anymore. But now I'm sort of struggling. + +None of my jobs have been careers, mainly retail where I work my butt off and penny pinch to save $1k a month. The work also never last too long, just had to leave a job recently due to a creepy guy stalking me at work. + +So of course I'm now back at my moms 1 bedroom apartment (its in terrible condition, almost nothing works). I sleep on the couch. I have a busted up laptop that I'm trying to do courses on because I know I need something to get me out of retail and package handling jobs. My car just crapped out on me. Overall, I'm just not sure what to do anyone but I'll keep trying. +https://www.ft.com/ + +GBP down 1.65% as of 10:30pm GMT + +https://uk.finance.yahoo.com/quote/GBPUSD%3DX?p=GBPUSD%3DX + + 11:22pm: Lab 2 ¦ Con 0 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 63.5% ¦ GBPUSD 1.2781 + +[apparently Corbyn has been given more \(new\) security on the exit poll](https://twitter.com/JasonFarrellSky/status/872946888147914754) + + 12:00am: Lab 5 ¦ Con 1 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 64.2% ¦ GBPUSD 1.2784 + 12:20am: Lab 6 ¦ Con 1 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2775 + 12:30am: Lab 6 ¦ Con 2 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.9% ¦ GBPUSD 1.2758 + +Keep in mind that brexit talks are supposed to start 11 days after the election (according to May). Hard to see how that would stay on track + + 12:40am: Lab 6 ¦ Con 4 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.8% ¦ GBPUSD 1.2747 + 12:45am: Lab 8 ¦ Con 5 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.5% ¦ GBPUSD 1.2745 + 01:00am: Lab 10 ¦ Con 5 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 64.3% ¦ GBPUSD 1.2725 + 01:23am: Lab 17 ¦ Con 8 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.0% ¦ GBPUSD 1.2732 + +[Stock markets are set to open higher in Japan, Australia and Hong Kong as early election results trickle in from the UK.](http://www.bbc.co.uk/news/live/election-2017-40171454?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=5939e86ae4b0831b6702ffb7%26Asian%20markets%20react%20to%20UK%20election%26&ns_fee=0#post_5939e86ae4b0831b6702ffb7) + +speculation now abounds that [Boris Johnson may become the new PM](http://www.marketwatch.com/story/boris-johnson-as-new-uk-prime-minister-bookies-are-already-increasing-the-odds-2017-06-08) as May is expected to resign...say it ain't so. The world cannot have 2 national leaders with troll doll hair. + + 01:33am: Lab 22 ¦ Con 10 ¦ SNP 1 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2700 + 01:50am: Lab 28 ¦ Con 15 ¦ SNP 2 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2721 + 02:02am: Lab 40 ¦ Con 25 ¦ SNP 5 ¦ LD 0 ¦ Green 0 ¦ Turnout 66.3% ¦ GBPUSD 1.2735 + +Far as I can tell by observing the shift in number of votes by constituency, UKIP voters are splitting 50/50 between torys and labour. However, Labour is also getting the benefit of SNP voters flipping to labour while the lib dems are flat so far + + 03:01am: Lab 129 ¦ Con 106 ¦ SNP 17 ¦ LD 2 ¦ Green 0 ¦ Turnout 67.6% ¦ GBPUSD 1.2791 + +so far the tory's have lost 4 seats. Labour have won 12 and SNP have lost 8 + + 03:20am: Lab 155 ¦ Con 139 ¦ SNP 24 ¦ LD 3 ¦ Green 0 ¦ Turnout 67.7% ¦ GBPUSD 1.2758 + +[Corbyn says May should resign](https://twitter.com/Laura_K_Hughes/status/873000897156087809?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.theguardian.com%2Fpolitics%2Flive%2F2017%2Fjun%2F08%2Fgeneral-election-results-2017-uk-live-labour-tories-corbyn-may-election-results-live-news-line%3Fpage%3Dwith%253Ablock-593a042ae4b0bdd87e2f4d3d) + +[Corbyn wins Islington North by the largest majority ever](http://www.bbc.co.uk/news/politics/constituencies/E14000763) + + 03:33am: Lab 177 ¦ Con 164 ¦ SNP 25 ¦ LD 6 ¦ Green 0 ¦ Turnout 67.9% ¦ GBPUSD 1.2760 + 04:15am: Lab 229 ¦ Con 222 ¦ SNP 32 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.3% ¦ GBPUSD 1.2748 + +now it gets interesting. Labour are projected to get a max of 266 seats, let's see if they shoot past that mark + + 04:37am: Lab 238 ¦ Con 263 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.4% ¦ GBPUSD 1.2768 + 04:37am: Lab 245 ¦ Con 285 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.5% ¦ GBPUSD 1.2757 + 04:37am: Lab 250 ¦ Con 290 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2752 + +I counted 5 recounts underway in the south-west region. All were tory ridings and in all cases it's the tory's who seem to have demanded the recount. + +Also, it seems safe to say that turnout will end up higher than in 2015. We are already 2% above the 2015 level of 66% + + 05:15am: Lab 251 ¦ Con 294 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2751 + +39 seats remain to be called. Tory's need 32 to have a majority in the Commons and 20 to match the exit poll. Labour needs 15 to match the exit poll. + +SNP, despite having lost a few seats, has still won the majority in Scotland. Nicola Sturgeon already put out a salvo for coalitioin with Labour if they are in a position to form a coalition + + 05:42am: Lab 256 ¦ Con 302 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2754 + +apparently [Fife North East](http://www.bbc.co.uk/news/politics/constituencies/S14000049) is on its 3rd recount with the difference being as close as 1 vote! + + 05:55am: Lab 257 ¦ Con 309 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2770 + +a tory majority is still a possibility but only a theoretical one. Some of the remaining seats are snp/libdem/labour strong holds + +Finally tally is in and we have a hung parliament. The maths is not in favour of a Labour coalition and given the politics at play it seems unlikely the Tory's will manage to cobble together one. What happens now is the horse trading we all so love and admire about Westminster. I expect to see at least one person toss their tea. +BlackRock CEO Larry Fink said Tuesday in his annual letter to CEOs that the “tectonic shift” toward sustainability-focused companies is accelerating in the wake of the coronavirus pandemic. +“More and more people do understand that climate risk is investment risk. ...When finance really understands a problem, we take that future problem and bring it forward,” the head of the world’s largest asset manager said on “Squawk Box.” +BlackRock is asking companies to disclose how their business model will be compatible with a net-zero economy. What do you think about these key points? Article here: https://www.cnbc.com/2021/01/26/blackrock-calls-for-climate-change-disclosure-expects-sustainable-investing-to-continue.html +EDIT: Sorry, around 8% in India. + +EDIT: Is the EMI calculation for USERS/CONSUMERS different in USA loans vs Indian loans? + +Since there seems to be a steep difference, I am wondering if the terminology or the way the interest rate is calculated/represented is different? Thanks. +I have a fairly large sum of money that I've been doing dollar cost averaging with on VCN and ZAG. Basically, I put in about $10k per month (70/30% split between VCN and ZAG respectively). + +I'm at about 3% growth on it, which seems pretty rubbish to me. I think I got spoiled though by the insane gains I was getting off cannabis stocks in the earlier days. + +A lot of people say you should be able to achieve 6% returns annually. Am I just in the wrong thing? Wrong approach to investing? Bad timing in market? + +Sorry, this is probably a dumb question but I'm a pretty novice investor overall. + +Cheers. +With an aging baby-boomer population, do you guys see any opportunities with some of the retirement living stocks / health stocks / REITs in Canada right now? Some of these have still not recovered to their pre-COVID highs, so could offer both great dividend yields and potential growth. + +There has obviously been some negative press around these long-term care homes since more than 80% of total COVID-19 deaths in Canada occurred in these facilities. However, things will improve eventually and the boomer demand isn't going away anytime soon. Thoughts on the stocks below or others? + + +**Chartwell Retirement Residences REIT (****CSH-UN.TO****)** + +They are the largest provider of senior housing in Canada, with over 200 locations across Quebec, Ontario, Alberta, and British Columbia. + +\-Pre-COVID highs of around $15.00 + +\-Potential upside of 40% from current price of $10.50 + +\-Price-to-FFO still under the average of the last 3 years + +\-Q3 / 2020 YTD results show revenues are higher for the last 9 months + +\-Overall liquidity is down a bit from last year, but still quite healthy + +\-Looks like the payout ratio is also very manageable (75%-ish) + +&#x200B; + +**Sienna Senior Living (****SIA.TO****)** + +The company owns and operates 70 senior living residences in addition to managing 13 residences for third parties; all seem to be located either in Ontario or B.C. + +\-Pre-COVID highs of $19-20.00 + +\-Potential upside of 50% from current price of $13.00 + +\-Decent cash flow, debt levels seem acceptable, and overall revenue is only down slightly for the last 9 months ending September 30th 2020. + +\-However, expenses are up for this past year, resulting in a net loss of $(0.24) a share for the last 9 months ending September 30th 2020 compared to a profit of $0.10 a share in 2019. (I realize this company could be evaluated essentially as a REIT as well) + +&#x200B; + +**Extendicare Inc. (****EXE.TO****)** + +The company has been around since the late 60s and operates over 100 care facilities. + +\-Pre-COVID highs of $8-9.00 + +\-Potential upside of 35% from current price of $6.35 + +\-Decent cash flow, good return-on-equity, but debt-to-equity seems a little high + +\-Revenues have been slightly higher for the last 9 months ending September 30th 2020. Earnings-per-share also up quite a bit to $0.41 from $0.21 last year. (I realize this company could be evaluated essentially as a REIT as well, with a payout ratio of 56% currently) + +&#x200B; + +Others: + +**Northwest Healthcare Properties** +? +Hi all, any help is appreciated. I moved to the US a few years ago for work. Prior to moving I was advised to liquidate my RRSP and TFSA holdings as it would be considered a deemed disposition when I moved so I was better off liquidating (right or wrong). + +Anyways, I have moved back to Canada and was curious to know if anyone knows how my RRSP and TFSA room work. I don't believe I get what I had back after liquidating and withdrawing but wasn't sure. I presume I only get whatever room I earn going forward. + +TIA +Just wanted to start this post so we can track the highest GIC rates everyone finds, as they are changing weekly. For those of us interested in investing here. +So far, I have EQ at 4.3%, and CIBC at 4%. EQ kinda sucks though, since you have to give them your banking username/password to transfer money. (huge security no-no which can void your regular banks reimbursment clauses) + +What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean? + +Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree. + +Consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hello! I am going to give you some background before I ask my main question. I am currently 18 years old and a freshman in college at my local community college going for a Computer Science degree. I work roughly 40-55 hours per week. I have 14K in savings and will likely have 20K by the end of the year from working a warehouse job. I am really could use some advice on what to do with the money I am saving. Should I invest it rather than just save? If so should I invest in stocks, real estate, etc. Please comment and let me know what you guys think I should do in my situation. Thanks! +I've just gone through (actually am still going through) the most agonizing week of my life. My uncle suffered a stroke at the age of 54. He was not married, had no kids. My brother and I were like his sons. He didn't have a will, did not assign a health proxy and assigned no one power of attorney. + +I live in California but my family is in New York where I grew up. An emergency last minute flight from Southern California to Upstate New York is not cheap, direct or easy in the first place, let alone when you are racing the clock to see your dying uncle. + +We've been watching him slowly slipping away day by day as his condition worsened. All while scrambling to figure out how to make decisions, what decisions to make, taking after his dog and his house and his bills and countless other things. Unfurling someone elses day to day obligations all while watching them fight for their life is true misery. + +We tried to coax my uncle to make these arrangements for years. He was stubborn, and didn't like taking "orders" from anyone. He would have never knowingly caused us so much anguish. I love my uncle so much. I know it would tear him up to know that this experience is heart-breaking and pure chaos rolled into sadness, anger and absolute befuddlement. His hard-earned money will be dilluted by court fees, attorney fees, late fees and who knows what else. + +If you have a relative in this same boat, or you yourself don't have any arrangements, please tell them my story, and tell them there are real consequences to to this neglect. + +I loved my uncle and he loved all of us. He never meant to do this to us - I truly believe that. But for God's sake, this has been the most painful week of my life. +So I’m in my mid twenties and just acquired $10,000 from family. This is the most cash money I’ve ever had. I suck at saving and know this will probably be the only time in my life I get this much of a cushion. How do I utilize this wisely? + +Some context: I have a credit score in the high 600s and about $5,000 in credit card debt. $4000 of that I’m paying as 25% interest rate on so essentially my payments are being canceled out and my credit utilization is high. Should I pay off all or at least half of this with my money? + +I know I want to save at least $5000 and put in a savings that will yield some interest. I was thinking that Discover online savings account with the 2% interest rate. But open to suggestions on this. + +I want to trade my car in for something more practical so paying off my car isn’t something I want to use this money on and bare in mind not a home owner. Open to any feedback or suggestions! +I have like 5 or 6 credit cards, none of which have any annual fees or anything. I never use them, they just sit there with open credit lines. + +Is there any downside to this? +Title says it. + +Here are some reasons: + +1) ETH was technically an ICO; since ETH will persist despite the China ban, China will appear weak. Governments don't like to appear weak. China will therefore eventually clarify that some ICOs are within their legal regime, inclusive of ETH. In other words, China will eventually take an approach similar to the SEC, where some ICOs are deemed to be securities, while other utility-type-tokens are not. + +2) China's track record with Bitcoin "bans" speaks volumes about what governments can and can't do. Bans for items that are useful or desirable to the public generally do **not** work, prohibition in the 1930s being one of the prime examples. They might be effective in the short term, but the market always wins in the long run. + +3) If China does not lift or clarify the ban, China will be left in the dust. The web 3.0 train has left the station, and it ain't comin' back. In fact, I predict that if China does not clarify or lift the ban within the next two years, it will set back their economy by at least ten years. + +4) Imagine a China without Augur, Gnosis, OmiseGo, TenX, Golem, BAT, 0x, and these are just a tiny handful of potentially world-changing tokens (this is not an ad--I'm invested in a few of these but not all). + +5) The ICO funding model will not go away simply because of China's ban. It will only be emboldened in other parts of the world. Japan will likely welcome ICOs with aplomb to create a stark contrast with China's approach (just as they did by making Bitcoin a legal currency). + +6) Shipping and logistics companies are rapidly adopting ETH-based token distribution systems. China is still a major hub for international trade. If they ban ETH ICOs that cater to this segment of the economy, they are shooting themselves in the foot. + +7) The Enterprise Ethereum Alliance is now one of the largest (if not the largest) open source consortias in the world. Given that an ICO is a fundamental feature of Ethereum, any participation by Chinese companies in the EEA will be awkward for those companies. + +8) ICOs possess fundraising qualities that outrank legacy approaches by at least an order of magnitude. You can't ban something this good. Well, you can certainly try, but it will be... futile. + +For those who have FIRE’D - is there anything you wish you did prior to pulling the rip cord? Things you wish you planned better for? Anything you wish you knew that would have made you make different decision? + +I’ve heard qualify for a mortgage as a big one on the financial front but wanted to see if there is anything else that makes sense to plan for when a year or so out from the big day. +I was really counting on this first paycheck from my job to be able to pay rent and bills and get out of the hole I've been in for the last 10 months of just *barely* being able to scrape up the money for rent with a full time job *plus* plasma donations *plus* uber. + +I cannot put into words how unbelievably stressed and anxious this has made me. I thought I was finally moving up and that I could get back to spending time with my family and easily buying my medications and not having a fucking mental breakdown every single time I have to get groceries. We're going to run out of food in less than a week, and we already went to the food bank this month so that's all the "handouts" we get. I'm more than burnt out. I'm straight up fucking ash that's been turned into a God damn diamond from all the pressure I've been under. + +Fuck you. Fuck you. Fuck you. Fuck you. Fuck you. + +EDIT/UPDATE: To clarify, I think the reason I'm not getting paid is because I just started working there and was only able to put in my direct deposit info really close to the time they got hit so before it probably didn't process properly and got stuck in limbo. My manager is working really hard on trying to get it fixed but the HR department is already drowning in all the other aspects of this mess. + +Yesterday I was informed that I will be getting paid soon but HR fucked up my hours since I didn't get on the "official schedule" so at least for now the hours I'll be getting paid for is 52 instead of 67. My manager has been informed of this and he's working to fix that too but since it's the holidays all I can do is wait and hope shit gets fixed before rent is due and that I have enough by then to cover it. I really appreciate all the advice and support from you guys. +Today I sold most of my alt coins even at a 50% loss. I know some of you will say kucoins coin prices will eventually all go up but nobody knows. + +Unless I sell them. +Usually when I sell a coin, it skyrockets the next 24hrs. I took one for the team today. I lost some profits but it’s ok. + +And to make things better, I bought NEO at it’s all time high. Usually when I buy a coin, it sinks. So you guys can buy NEO at a cheaper rate. + +I love crypto and I love you guys. + +Ps. I will sell NEO once it dipped hard ok. And you know what happens when I sell. + +Edit: Let’s see what happens in the next 24hours. Hopefully the market improves. Thank me later. + +Edit: Some if you guys need to take a chill pill, the market is dipping, it’s not even crashing like what the news say. Chill and have fun + +Edit: Some of you are so serious. What you are doing is only gonna affect your decisions. Don’t emotional trade yo. DYOR and see the gains. Money isn’t everything. + +EDIT: I’M SO SORRY GUYS, I COULDNT HELP MUCH BECAUSE THE WHALES ARE BACK MANIPULATING FOR THEIR FUTURES BET. :( +(WARNING applies to both Apes and Apettes... my bad) + +[ image credit to u\/Ulfhednar11](https://preview.redd.it/6w8ij7llbtp71.png?width=629&format=png&auto=webp&s=c5585dcb27fc0608128a221b7fb545184bac463d) + +**ADDITIONAL DISCLAIMER:** I am not a legal advisor, I do not have any legal training and as such have a pea-sized understanding of the law. (Mainly acquired from watching movies). + +The details in the post discuss an ongoing lawsuit and as such all statements referenced from this case are allegations until proven otherwise. + +All sources referenced in this post are public information and I do not claim the legitimacy of any evidence presented, merely an ape discussing the evidence available to us. + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +So Apes and Apettes, in our continued investigations into the rotten world of Billionaire Bastards... it would seem that once you reach that level of wealth and power, you tend to think that you can do whatever the fuck you want. + +I present to you... + +# Lauren Bonner Vs POINT72 ASSET MANAGEMENT, L.P., STEVEN A. COHEN, in his individual and professional capacity, and DOUGLAS D. HAYNES, in his individual and professional capacity + +**THE PUSSY BOARD AT POINT 72** + +Part 1 of this case against Point 72, starts off with Douglas Haynes writing the word PUSSY on his whiteboard in his office and leaving it there for weeks. Holding meetings in his office with members of all sexes, this, no doubt had the ability to make people uncomfortable. Not exactly a professional workplace environment + +&#x200B; + +[Douglas Haynes \(Right\)](https://preview.redd.it/r6nguegnotp71.png?width=705&format=png&auto=webp&s=6785ccfb3f4b843c475f72fe09a39a5f73c7befc) + +**DO YOU WANT TO FUCK HER** + +Complaint 2, a Point 72 consultant by the name of Dave Black joined a conversation alongside a woman unknown to Ms. Bonner and Justin Lubell, a high-ranking portfolio manager. + +After the woman left, Justin asked innocently about the identity of the woman and Dave Black responded with: + +"Why? Do you want to fuck her? You can, she works for me." + +**NO GIRLS ALLOWED** + +So here are some quick facts about the hiring and promoting of women at Point 72 + +Point 72 has 125 Portfolio Managers. Of these, 124 are Male. + +Point 72 has 32 Managing Directors. Of these, 31 are Male. + +The Investment Professional Hiring Committee is comprised exclusively of men + +Male Executives have openly stated that they "refuse to hire women" disingenuously claiming that their "wives wont let them" + +Less Qualified Male Candidates are hired at a 2:1 ratio over the ore qualified female candidates + +In 2017 only 21% of new hires were women, none were hired as Portfolio Managers or Managing Directors and only one was brought in as a Director. (14 men were hired as Directors) + +Women are routinely denied promotions + +And there are multiple cases of women being forced out of the company for being "too emotional", "too sensitive" or simply "women". + +After Ms. Bonner filed a complaint against one of her colleagues, that colleague was then allowed to sit on the promotion board deciding whether or not she got a promotion, and thus blocked her progress stating that she was "too aggressive" + +COO of Point 72 actually holds meetings which he declares "no girls allowed" + +Women that are hired by Point 72, earn SUBSTANTIALLY less than their counterparts (Often less than 50 cents per dollar earned by men) + +**FUCKING PUPPY BREAK!!!** + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Awww... what do you have there? Is that a ducky? Yes... who's got a ducky? YOU have a ducky!! Good boy! + +&#x200B; + +https://preview.redd.it/pdhs9ytyntp71.png?width=639&format=png&auto=webp&s=5119d1d608db4b0ae5f8dbdb2659f908827203bf + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +There are **MANY** other examples of the type of environment that Stevey fosters at Point 72 in this Law suit, including but not limited to: + +Men Openly stating that they will not hire women because their wives wont let them, they are too emotional and not team players or would not be good culture fits. + +Female Employee candidates are actually asked questions such as do you have kids, do you plan to have kids, are you married, why are you not married. + +Women are frequently subjected to comments regarding their physical appearance, including whether or not they are attractive, whether they look good, whether they look old, whether they look older than when they started at point 72, or are they too skinny or blonde. + +Reasons, why women don't succeed at Point 72 are openly discussed such as because women want to have children, or are too emotional, or can be hysterical, or care more about work life balance, or do not work as hard as men. + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +All of this is **DESPITE** Steve Cohen's apparent lessons learned from original Asset Management Firm SAC capital being charged with **INSIDER TRADING** and many of his employees being charged with jail sentences. + +While Cohen **ESCAPED** charges, he was banned for 2 years from investing outside of his private family wealth. He achieved this through a deal with the US Attorney's Office (In movies, these deals happen when you rat someone out). + +Part of the deal was that he dismantle SAC, at which point he started Point 72. + +2 years later, he was allowed to manage funds again, and as part of his mission to turn over a new leaf and learn from the mistakes of the past, he setup Point 72 to be a Company of the highest ethics. + +**MISSION** + +● To be the industry’s premier asset management firm through delivering superior risk-adjusted returns, adhering to the highest ethical standards and offering the greatest opportunities to the industry’s brightest talent. + +**VALUES** + +● We are professionals who conduct ourselves ethically and with integrity at all times. + +● We operate as one firm, dedicated to succeeding together, with mutual respect and commitment. + +● We are not satisfied with the status quo and are committed to pursuing innovation and excellence. + +● We work together to advance our professional and personal development. + +● We are exemplary citizens of the world and contribute to the communities in which we live and work. + +Yet... instead of being the exemplary example of how he wants the public to perceive him... we get the company we see today. + +This lawsuit **REALLY** gives a shocking inside view of what it's like to work at point 72. You can check it out in more detail here. + +[SOURCE](https://storage.courtlistener.com/recap/gov.uscourts.nysd.488388/gov.uscourts.nysd.488388.1.0.pdf) + +AMERICANS... I thought giving Sports Team ownership is how you knight people in the US? (Billiions quote) + +How the fuck is this guy someone people look up to? + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Further... + +When SAC was investigated for Insider Trading... they Plantiffs **PROVED** that Insider trading did occur, they **PROVED** that the inside information was sent from SAC analysts to Steven Cohen and they **PROVED** that the company traded on that information. (Large positions by the way, that would have been outside the norm and likely incur discussions at all levels of the company) + +The **ONLY** reason Cohen didn't get charged, was he that he argued the fact that he never read the Email and no1 could prove otherwise. + +**Any of you Apes actually believe that???** + +And why did his employees go to jail, but he just got a 2 year ban? A ban confirms wrong doing... + +[SOURCE](https://storage.courtlistener.com/recap/gov.uscourts.ca2.15-4067.1.0.pdf) + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +**HELP SHARE THIS POST** \- Retweet here: [https://twitter.com/BadassTrader69/status/1442071290722979842](https://twitter.com/BadassTrader69/status/1442071290722979842) + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Aka... just play dumb](https://preview.redd.it/57dr8timntp71.png?width=850&format=png&auto=webp&s=00d03ddb77ebbed331dae56c24c1615a715c059e) + +&#x200B; + +EDIT: Continued... + +Just stumbled across ANOTHER case against Cohen and Gang. + +The Actual case details were obtained by the NY Times through the Freedom of Information act and can be sourced behind their paywall... which I refuse to pay. HERE: [https://www.nytimes.com/2021/01/05/sports/baseball/steven-cohen-mets-gender-discrimination.html?smtyp=cur&smid=tw-nytsports](https://www.nytimes.com/2021/01/05/sports/baseball/steven-cohen-mets-gender-discrimination.html?smtyp=cur&smid=tw-nytsports) + +&#x200B; + +But luckily for us... a yahoo finance article goes into LOTS of detail here. + +[https://www.yahoo.com/now/mets-owner-steve-cohen-accused-using-vulgar-sexist-language-at-hedge-fund-in-discrimination-suit-020202167.html](https://www.yahoo.com/now/mets-owner-steve-cohen-accused-using-vulgar-sexist-language-at-hedge-fund-in-discrimination-suit-020202167.html) + +This case accuses Cohen himself of vulgar and abusive language towards women in addition to FOSTERING the sexism culture at point 72. + +>*“Cohen ridiculed me, calling me an ‘idiot’ and incompetent,” she said in the complaint. “He told me that I was ‘wrong about everything.’” She said he added, “I should fire you because you’re so stupid.”* + +The claim states that this abuse continued over a period of months from Cohen, and that the accuser also witnessed similar behavior by Cohen towards Female assistants. + +The accuser, Sara Vavara was later fired for "Gross Misconduct" + +On top of this... a 3rd complaint was made by a female employee Shannon Gitlin, on the basis of Gender Discrimination but this remains confidential. + +&#x200B; + +1 Could be chance or an isolated incidence... + +2 Could be a coincidence... + +# But 3 Times is a PATTERN + +Writing is on the wall Stevey + +\---------------------------------------------------------------------------------------------------------------------------------- + +Jesus... this shit gets weirder when you look at SAC + +Shout out to u/hope-i-die (I hope you don't die) for linking this shit to me. + +(And [@hingledorfin](https://twitter.com/hingledorfin) on Twitter) + +So apparently... + +Another case exits, where a former employee of SAC was forced to take **female hormone pills** to make him a better trader... in addition to being forced to **wear dresses** AND forced to give his boss **a blow-job**. + +[Source](https://dealbreaker.com/2009/12/blow-jobs-for-trade-approval-sodomy-and-golden-showers-at-sac-capital) + +[Reuters Source](https://www.reuters.com/article/idUSTRE5B31YT20091204) + +&#x200B; + +https://i.redd.it/oskmjv1mbup71.gif + +&#x200B; +I appreciate that this is /r/stocks and not /r/bonds but I thought best to ask here because there don't seem to be any subreddits at all dedicated to bond investing. + +In fact, so far as I can see, there are almost no mechanisms for retail investors to invest in individual corporate bonds. Why is this? +I have some VWCE shares of Deutsche Börse Xetra market via Trading 212. + +I wanted to add this into Bloomberg watchlist, but when I enter symbol VWCE (shown in T212), it finds multiple: + +VWCE:GR +VWCE:IM +VWCE:QT +VWCE:GZ + +None of their closing values match what is shown on T212 (VWCE:IM value is the closest). + +What are the meanings of GR, IM and others? +Which of these I own on T212? + +Sorry if this is stupid question, I don’t even know how to search this on google. +American here. One of my friends is 25 and she just bought a house w/her husband in a lower CoL area. + +As I understand, it's less common to own a house in Europe, but is possible to purchase/rent flats, if I'm right? + +What methods of real estate investment do 20-30somethings pursue in Europe overall? + +Thank you in advance for all responses :)!! +Hello + +I would appreciate any constructive critic of my portfolio + +This should be my long-term portfolio with yearly or quarterly rebalancing and recurrent quarterly investment patterns. Time horizon minimum 10 up to 20 - 25 years + +&#x200B; + +iShares Core MSCI World UCITS ETF USD (Acc) - 30 % + +iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) - 20 % + +iShares MSCI World Small Cap UCITS ETF - 20 % + +iShares Physical Gold ETC - 20 % + +Invesco CoinShares Global Blockchain UCITS ETF Acc - 10 % + +&#x200B; + +I'm having doubts about the Small Cap exposure, in particular, I'm thinking to reduce it to 10 and increase exposure on the Emerging Markets to 30. + +Some thoughts behind this composition. + +\- No exposure to Bonds. Taking into account the current trend of interest increase and inflation. + +\- Gold as a hedge against inflation and potential market crash. + +\- Blockchain as the promising direction in terms of returns and a potential hedge against inflation and market crash. + +\- MSCI World as the main source of income. + +\- MSCI Emerging Markets and Small Cap as the promising direction of high returns in the long run and hedge against the market crash. +Hi, + +I'm from Slovakia, 18 yrs old and have no idea what to do with my 3000€, since I'm gonna spend my next six years studying and not thinking about money too much. I heard a lot about ETFs lately, though my brain is a bit overloaded by the excessive information out there. Could you guys suggest some particular passive ETF websites that are known to be reliable? + +Moreover, I thought about investing in highly profitable businesses like Google, Disney or Amazon. (I'm using Libertex) What portion would you advise me to put in that and what in ETFs? Thanks in advance. +I am trying to choose a broker in Spain, but I can't make up my mind. Every broker seems too expensive. + +The cheapest broker without filing modelo D6/720 is: + +* ClickTrade 15 EUR min or 0.12% +* Ninety Nine, Indexacapital, MyInvestor 0.2-0.5% per year. + +Now in reality, ClickTrade is expensive for people with not much money, might be good to hold ETF for a 3y+ horizon. + +The other brokers that work with custody fees only, seem more expensive with +25k in Capital in the long run, although, unlimited free trading. Ninety Nine seems cheap in particular with 100k or more. + +I am hesitating to go with DeGiro, but risking a 150% tax penalty for every tiny mistake on your tax return is absurd, having a professional file my modelo D6 and 720 will probably cost me up to 250 EUR per year, which might as well be what I spend in commissions anyways. +Guys, this has been discussed so many times, but lets talk about it again. + +What do you thing is the better portfolio? Here are is the comparsion: + +&#x200B; + +S&P 500 + +[https://markets.ft.com/data/etfs/tearsheet/summary?s=CSPX:AEX:EUR](https://markets.ft.com/data/etfs/tearsheet/summary?s=CSPX:AEX:EUR) + +Performance: + +iShares Core S&P 500 UCITS ETF USD (Acc) 5 years: +17.70% 3 years: +15.03% 1 year: +23.88% + +**Ongoing charge:** 0.07% + +&#x200B; + +World/Emerging Markets Combo + +World: + +[https://markets.ft.com/data/etfs/tearsheet/performance?s=IWDA:AEX:EUR](https://markets.ft.com/data/etfs/tearsheet/performance?s=IWDA:AEX:EUR) + +Performance: + +iShares Core MSCI World UCITS ETF USD (Acc) 5 years: +15.12% 3 years: +11.35% 1 year: +24.36% +**Ongoing charge:**0.20% + +&#x200B; + +Emerging Markets: + +[https://markets.ft.com/data/etfs/tearsheet/performance?s=EMIM:AEX:EUR](https://markets.ft.com/data/etfs/tearsheet/performance?s=EMIM:AEX:EUR) + +Performance: + +iShares Core MSCI EM IMI UCITS ETF USD (Acc) 5 years: +14.00% 3 years: +5.83% 1 year: +30.76% + + +**Ongoing charge:** 0.18% + +&#x200B; + +Why is the combo suggested so much more here? Yes we do have a lot of diversification, but recent years(as well as all time gain) is worse than S&P. Also the management fee is a lot higher? What are your thoughts guys, and how do you do your investments? +Hello, + +my ETF portfolio is made of **AMS:IWDA, AMS:EMIM, FRA:EUNA** mixed in a given proportion (80:20, of that 80% of share, 88% is IWDA, 12% is EMIM). + +I see that the bond ETF lost a lot of value over the past few months, starting even before the war in Ukraine, energy price hikes, etc. What I am expecting is that when the stock market goes down, the bonds go up and vice versa. This is no longer the case: the stock market delcined since the start of the year and so did the bonds one. + +How can you explain this behaviour? Should I still follow the roule of reblancing/incrementing the ETF portfolio to keep the aforementioned proportions? This would mean buying more bond ETF shares (selling some stock ETF ones, or using fresh money) but that seems to be counterintuitive to me! + +Thank you for your help! +I have a dilemma and I would like your input. +Many years ago I inherited a large amount (~7 figures) which is in a stock portfolio in an estabilished German bank, let's call it TheBank. +In the last years I have learned more about investing, my own risk tolerance and set my financial goals. +I have concluded that, while the portfolio has performed well, it is not nearly diversified enough and not to my liking. + +TheBank is in an expensive bank: 1% fees for trades below 50k, 0.5% above that, +and (the worst part) 0.2% p.a. fees for portfolios on top. Of course I am not happy with this. + +My dilemma is whether I should + +1) -Move the assets to some cheaper but reputable broker/bank, with flat fees and *no* portfolio p.a. costs. + +-Sell the majority and reallocate to a more diversified portfolio. + +Or + +2) -Stay at TheBank + +-Sell & reallocate to a more diversified portfolio. + + +At first glance it seems like a no-brainer: Leaving TheBank is the sensible option. + +However, I have reservations: + + +1) **The financial relationship is old**. + +My family has been with TheBank for decades and I've essentially been banking with them since before I was born. +They 'know' me financially, or at least they know that I don't 'splurge' even though this large +amount has been at my disposal for many years. +I am of course not being sentimental, rather I have a hard time estimating the value of a long-lasting relationship +with a German financial institution. Is there an opportunity cost when ending such a financial relationship? (e.g. better rates for a loan). The higher costs of TheBank are of course annoying and not competitive at all, but they are also not detrimental. + + +2) **The tax situation is opaque and possibly complicated**. + +The unrealized capital gains on most positions is significant (~60%+). +Most of these positions were bought before 2008 and thus can be sold tax-free under German law. +However, some positions where also partly or wholly entered into after 2008. +Hence, predicting the taxable gains is more complicated, +especially because I unfortunately do not have a handle on when and which transactions took place, since I wasn't controlling the portfolio. +I am worried that transfering to a cheaper broker/bank, they will mess up the tax calculation when I sell +and I will have no way of verifying it. + + +So what do you think? Is there an opportunity cost in leaving or is it negligible? Any other thoughts? +Hello everyone, + +&#x200B; + +I don't have much experience in stock and ETF investing, but I invested for a couple of years in the past and recently (December 2020) returned to invest. + + +I like to invest in ETFs related to technology, different goals and niches, but primarily focused on tech. + +Recently my portfolio is losing so much value and I honestly have difficulties to see the point of moving to stocks or ETFs focused on travel, oil and other less interesting fields. I am not too optimistic about the return to normalcy in short term. + + +The bummer is to see ETFs related to green energy and green tech being taking such a big hit, while oil increases. I like to invest in things I support, and I am inclined to stick with my tech ETF and stocks and just hold through this dump. + + +Am I making the wrong decision of not rotating my portfolio into cyclical ETFs or stocks? + + +Would like to hear from fellow investors :) +so i've been doing lots of readings but the books i've been reading are all based on US dinamics.last week i saw a post on the frontpage about a 19yo asking for good books so i picked up some too while i was at it. i am currently reading the bogleheads' guide to investing and it's really well written and easy to follow. i've read about 401Ks, IRAs but sadly i have no idea wether these plans even exist in germany. + +to start off, i have no intentions of living in germany, so wathever it is i may need to look into, it has to be transferable between banks, if that's possible. i am italian, moved in germany during the economic crysis in 2013 with family and am living here since then. i am working parttime earning 450€ month tax free. it may be illegal, but i am also working more hours under the hood and earning about 400€ more also tax free. i am taking cooking classes and plan on working as a cook in a restaurant one day. i spent about 1k already on pc parts, games, clothes. i kinda regret about the pc parts and games, since all i play is runescape and card games so i didnt really need to upgrade. + +i guess my question would be, how do i grow my 450€ monthly income? am i safe in depositing the 400€ money i get by working illegally? +I was in Milan last week on holiday and as an American, most of my credit cards don't have a PIN associated with them. Because if this, I used Google Pay more often than usual for payment, including to take a few trips on the Milan train. I found out after the fact that my bank declined the charges and effectively denied payment of 4,50€. Should I worry about this following me or impacting my credit? Am I at fault here? I had a couple other payments work on Google pay while traveling that week, just the train issue. + +I'm currently pursuing Italian citizenship through jure sangunis, and am worried that any amount in collections or failure to pay will hurt my file, and since my name and card info was provided through the NFC reader, they could effectively record it. Any thoughts? +I was asked to relocate to a low cost of living place in the US and I was looking at the price of multifamily homes and they’re very affordable. I am not interested in living in them and willing to take the higher interest rate. I did the math and I would be able to afford 3-4 a year on my salary and the cash on cash return is solid. I would put down 25% on each place. What am I missing? I accounted for 20% of my rental income to go to repairs and maintenance. This sounds too good to be true. I will not need to rehab or flip. I can buy as is and rent out in this situation. +Hey everyone and happy Friday. I’m going to share with you where I’m at in my investing journey and why I am on pause right now. I’ve been frustrated by how hard it is to find deals... and then suddenly I am drowning in them. I’m a 25 year old single guy and I learn best by doing... so here I am. + +I’ve flipped a few houses now and currently have three deals pending. + +1. 1115 sq ft 2/1 ranch. Adding a second story for a 1614 sq ft 3/2.5 house with a nursery/library. It’s an $80k renovation but should net a $35-50k profit. + +2. Fix and flip. 1720sq ft needs $27,500 in roof, drywall, water damage fix, and paint, finishes. Easily the smallest job to date. I found this the day I closed on deal 1, 2 blocks away, and was too good to pass up. Much quicker flip time and will be $30k profit minimum + +3. $10k commercial wholesale deal. I tried to buy it but couldn’t obtain financing. My buyers are doing due diligence right now. + + +My first project is completely demos, Windows are in, and the garage is done. The roof is tarped and sealed, so nothing else can get damaged. I scraped together the cash to do the roof on the second, and it’s now waterproofed, but that’s it. + +When I purchased the second one, I did it knowing it was a huge risk. I’m using a terrible FACO credit line which gives me the money for renovations, but only after they are complete. I’m out of float money. On May 20th I began my refinance process on my personal house for $60k in float money, and I am on my third lender and still have not completed it. I now have a lender willing to play ball, and it’ll be a few weeks yet. + +I refuse to have anyone do work I cannot pay for, so I put everyone on pause last week. It sucks, and I hate making those calls, but my Project managers and my contractors appreciated it, and they are able to keep busy in the off time. + +I’m sharing this for two reasons: + +A. Real estate is really fucking hard, and it will test you. +B. I’m an aggressive person who goes after everything with zest, and I’m humbled right now. I hate being in the position I am. Half of me is posting this hoping some stranger will tell me I’m doing the right thing lol. + + +I’ll be moving again in two weeks max, and I’m hoping to double my deals every year. I’m at five this year... so next year should be harder! +Up until now, I have house hacked all houses. So i put 3% down. When putting 3% down, as long as the property cash flows AT ALL, the ROI is going to be pretty good (20%+). + +&#x200B; + +I'm analyzing a deal right now which is a 4BR college rental walking distance from a huge university. + +The Numbers at 15% down would be: + +&#x200B; + +Purchase Price: $210,000 + +Total Down Payment: $33,700 + +Cash Flow (after ALL expenses): $320 + +ROI: 11.4% + +&#x200B; + +... This rental is far away so I have management fees (conservative) built in. + +&#x200B; + +It just seems these numbers wouldn't really be worth dropping $34K for. Or is this a good deal? +So with lowballing how often do you guys actually strike a deal? It’s probably a weird question but I’m trying to stick to 20% below market value which are most of the time REOs or abandoned homes. Sometimes homes where the person was evicted and all of their crap is still there as well. Your thoughts ? +I’m considering keeping my first house after I move out to rent it out and see what it’s like before seriously investing in real estate. The problem is it is somewhat rural and rent is cheaper than it is in the surrounding cities. + +I bought the house for $95k, put $8k into upgrades and it’s worth roughly $110k now. After insurance, pmi, taxes and all that I’m paying $688 a month for the mortgage. I could probably rent it for 800-850 a month based on the area. Or I could just sell it and use the money for a down payment on a different property in the city. Thoughts? Thanks in advance. +[https://imgur.com/a/oZMmGUQ](https://imgur.com/a/oZMmGUQ) + +Here is one set of the number's I've run to try and figure out if this property is a wise choice. I've tried about 3 different spreadsheets, and they're all a little different. Based on them, it looks like we meet the 1% rule at 1.32-1.5%. We'd be BRRRRing the property. + + +This would be our first rental property, and we're trying to estimate as conservatively as possible. Would you hold out for a 2% property, or is this reasonable? + + +It is in a city that is projected to grow based on tech jobs moving in, and the home would almost certainly increase in value over the next few years. + + +Thanks! +The rent collection / property management start-up [Cozy.co](https://Cozy.co) that has been loved by smaller landlords has been acquired by [Apartments.com](https://Apartments.com) and all accounts have been transferred to their platform. + +Is anyone else concerned about this? + +I've been using Cozy for years to collect rent from multiple tenants. It is orders of magnitude superior to what I was doing previously (each tenant paid directly via one of many phone apps, and logged payments manually into Excel). It's been very convenient to have everything in one place, all the time, and the service is completely FREE for both tenants and landlords to use. My tenants also prefer it. + +As anyone else who uses Cozy will have discovered, I received an e-mail that Cozy was acquired by [Apartments.com](https://Apartments.com), and all of my accounts have been moved to their system. + +I am concerned that what was once a wonderful start-up service for smaller landlords will be taken apart and monetized, requiring a "premium upgrade" subscription to access formerly free services, and the once-simple and pleasant UI will be flooded with ads and overshadowed by their other services such as rental listings. + +I just logged in to my transferred account, and already the first thing I see is an ad to upgrade to their premium listing services. I do not list with [Apartments.com](https://Apartments.com), so I don't need to upgrade, but this is pretty dark foreshadowing. + +Anyone else concerned, or have any more information on this transition to share? + +Other services similar to Cozy that anyone could recommend if this acquisition doesn't go well would also be greatly appreciated. +Hi there. I’m a new investor just learning about real estate investing and dipping my toes in the water. I have an opportunity to buy a property for $100K under market value from a family friend who is moving in a hurry and offering me the deal before listing the multi family property. The property is 4 units, all occupied with long term tenants, in an up and coming area. From my research, cap rate is roughly 7%. My issue is that I do not have enough saved for 20% down. I don’t want to pay PMI and I don’t want to miss out on this opportunity just because it’s a couple years early. Any advice? Is it worth getting investors? If so, how do I set that payment structure up? +It seems that there used to be a site to find Veterans Administration foreclosed properties (like HUD Homestore). Is there one? + +I bought a VA foreclosure years ago and now I've found another I am going to bid on. It's listed at about 50% ARV and in good condition. It's been on the market a couple days. Can you give me insights on how the VA works? Do they weigh owner occupant higher than investor? Is cash better than financed in regards to getting my bid accepted? I want to make a strong bid, but not pay more than necessary to win the bid. + +Thanks in advance! +My partner is looking to get his first investment deal. Credit score at 780 but no real credit to speak of. We live together in a house in my name. His car was a cash purchase. The house he's looking to buy is $60,000 and so far banks are telling him nothing under $100k. Where does he go for money? + + +Second question. I can loan him the money but (1) I don't know how to do that, and (2) what's the exit strategy if he can't get it financed to repay me? Or do I just consider it an annuity and leave it alone? +Hello, + +&#x200B; + +I have a that was purchased as a primary residency and I lived it in for 5+ years and moved out and am now renting it. Am I required to tell my lender that it is no longer my primary residency? I'm pretty sure beyond a year they have no right to know, they likely want to know for risk mitigation purposes. + +Opinions? + +30 year fix conventional loan via flagstar bank +I've made an attempt to streamline the updates to the most relevant info, so if you are looking to the more detailed financials and personal finances check my other posts I'll be making in other forums where that is more of a focus. Just check my post history for those updates coming soon if you are interested. + +To see the previous month, please refer to this link [https://www.reddit.com/r/RealEstate/comments/dbdhlk/full\_sept\_numbers\_breakdown\_on\_my\_rental\_business/](https://www.reddit.com/r/RealEstate/comments/dbdhlk/full_sept_numbers_breakdown_on_my_rental_business/) + +To see my personal finances for this month [https://www.reddit.com/r/leanfire/comments/dq5d5d/post\_fire\_october\_report/](https://www.reddit.com/r/leanfire/comments/dq5d5d/post_fire_october_report/) + +For the record, I retired early in my 40s, largely due to my real estate investments. Even though I still act as the head of the business, my total time spent each month on the business amounts to less than 10 hrs when averaged over the year (this consists mostly of finding new properties, coming up with design plans, and a little paperwork), so I consider this low enough to safely consider myself retired. Some may disagree, but I enjoy the aspects of the business I still do, so don't consider it "work". I have a property manager that takes care of the day to day business. + +We finished work on the new McKinley St. and already have tenants placed for Nov. @ $650 a month as outlined here [https://www.reddit.com/r/RealEstate/comments/dmz1fk/my\_10000\_rental\_house\_final\_update/](https://www.reddit.com/r/RealEstate/comments/dmz1fk/my_10000_rental_house_final_update/) + +We closed on two deals with out of state investors in Oct, so will have those online next month. I'll provide more details on those at that time. + +Okay, now for the numbers on the existing properties. + +Total Gross Rent was $12,905 (the number was odd because of some pro rated rent) + +Total Expenditures was $2,318 ($500 for PM fees, the rest went to repairs/maintenance) This was a little higher than usual, largely because we had a long term tenant leave after about 5 years that didn't leave everything in the best condition...that one property accounted for about $800 in getting caught up with maintenance. Good news is we have a new tenant coming in at an increased rate. + +Net Profit $10,587 + +Rough Estimate of Total Rental Property Value $1.29M + +Total Acquisition Costs (including initial renovations) $396,000 +We are going to be renting out our first property soon. + +My husband and I built out half our garage with Sheetrock, exterior door entrance into room, ac/heat (ductless). It’s a man cave that has a ton of value for us, with tv lounge area. You think potential renters would see it as a bonus? I don’t plan on asking more than $50 extra a month than with out it if at all bc my cash flow will be really good. It is not permitted (not sure if it was even necessary, TX) and not 100% finished/completed. Ceiling not painted, concrete floors. It’s also partially a storage closet that we used as an indoor garden. + +My agent said something about tearing it out if we sold but the plan is for rental. If it were up to me I’d want to feature it on the listing. Will renters see value in the space? +Incoming Karma downvote - but I’m taking one for the team. For fucking history. For our fucking financial freedom and for the sake of our own intellectual integrity. + + +Our kindness has become our biggest weakness and it is actively being used to strategically manipulate us apes. We knew amc was a big counter play by them back in Jan/feb. The Hail Mary hedge against their inevitable demise. + +It was okay to talk about the truth then. + +But it’s not now. + +Over time it slowly got pushed to stop speaking down about it - to be indifferent towards it. Now we even see posts accepting it saying things like “I’m in both but we all know GME is the main one”. + + +The combination of our natural tendency to look out for each other, and a 6 month long psychological onslaught of coaxing has led to them successfully getting us to become silent on the matter and let the truth slip slowly through the cracks. + +Nobody wants to be an asshole, but that’s what they’ve done. They’ve made it where we can’t get the truth out without looking like assholes and this allows them to silence us and proceed without resistance. + +I’ve been victim of this myself. In my group chats, I’m just ignoring the people that slowly started talking about AMC while also wishing them luck because why would I ever root against them? + +Over the past few months, we have slowly shifted away from being allowed to expose the truth about AMC. + +It’s become a taboo subject and you are attacked if you bring it up in any way that’s not slightly supportive toward the stock or the apes invested in it. + +This stance of neutrality and silence on the matter has led to the decay in awareness and exposure of the truth about AMC; this has allowed them to use their mainstream media propaganda to push AMC and successfully siphon volume and buying pressure from GME without any pushback from the one source where people can actually get this truth. Here. From us. + +WE ARE THE ONLY SOURCE FOR THE TRUTH BUT WE HAVE BEEN GROOMED INTO AVOIDING THE TOPIC ALL TOGETHER. + +This means the biggest weapon they have- mainstream manipulation - is being allowed to be successfully used while we just sit back and quietly watch. + +This truth is with us and has slowly been suppressed through the sub shifting and being emotional led into thinking that being quiet on the matter is for the best. + +The narrative is trying to be made that staying quiet about it is simply for the better - that it limits unnecessary internal conflict. After-all, we have enough shilling to deal with, right? + +However, this notion is bullshit. By staying quiet all we are actually doing is helping the bad actors in the market by giving them uncontested reach to the general unaware population. + + +I’ll be the one to say it. I’ll take the down votes. + +If you still own AMC, you are directly helping the parties who are on the wrong side GME. We have not won yet. + + +They’re literally rolling their hail Mary plan out with very minimal friction from the community. + +They even built Twitter accounts to gain trust and now are pumping both amc and GME and we ignore it snd let them and unsuspecting parties on Twitter who don’t use Reddit think it’s okay to buy both because we are just standing back and doing nothing to spread real awareness and are sitting back watching their biggest strategic counter attack happen while we do nothing to combat it. + +DFV came out of retirement to do his part to counter this AMC counter attack and now we need to do ours. + +Also, I don’t care if you think house of cards proves it’s okay to invest in stocks directly helping bad players in GME. Nothing is even close to GME. + +Like Michael burry said. There is NO other GME and will never be another GME. + + +Nobody is selling GME to buy AMC. I’m not saying that and neither is anybody else. Claiming thats my prerogative reveals you are aren’t hearing what I’m saying or are trying to keep discussion of this matter quiet. + +Raising awareness is not irrelevant and it’s not something “everybody knows” because we don’t all know. + +If we did all know then why are we still allowing their counter attack to partake completely unfiltered? + +Why are we aiding them in their manipulation campaign by remaining silent and chanting “ape don’t fight apes” like puppets? + +The thing is - Apes don’t fight apes. That’s extremely true. And by exposing the truth I am not fighting anybody. As adults we can communicate our concerns to each other without it being considered a fight. + +Let’s discuss this in a healthy way. + + + +Even the hedge funds realize at this point that nothing can get us to sell. So what other options do they have to try to buy time? They can slow down the GME buying pressure by siphoning volume by distracting new and less informed investors while we sit back and watch and do nothing because that’s what we’ve been groomed to do over the last 6 months + + + +—edit* + +Some food for thought + +Adam Aaron is really loud and Ryan Cohen is really quiet. + + +Adam Aaron is conveniently able to price real time numbers of short interest in the stock, and of individual investor % while Ryan Cohen is not. + + +A lot of what Adam Aaron is doing is extremely convenient actually. + +One is loud and and doing everything they can to try to get the into spotlight so they can talk a big game and appear legit - trying to be extra friendly and capitalize on a situation. Making multiple appearances on amateur YouTube streams - (Also selling millions of new shares into the market 34 days after promising to investors not to sell any new ones at all in 2021 if they approved the shares) + + +The other is extremely quiet and not trying to convince anybody of anything. Not trying to sway or entice new investors over - not making false promises. Just letting their actions speak. + + + +Ask yourself why such stark contrasts between the two parties? +I have several debts that I see when I’m logged into credit karma. They are all hospital bills. But they don’t list the hospital. I believe they are collection agencies. Should I just google the names, call them, and give them my name. Will they simply say “ah yes, I see you owe us $1300” + +It feels like I get a hundred calls from a hundred different agencies and I’m not sure who or how to pay off my debts. I know this sounds sort of stupid but I just don’t know how all of this works. + +Sorry for the elementary question. Thanks for any help. +There has been a litany of posts and comments on this subreddit elaborating why OPs think that ethical investing is ineffective and just a feel good virtue signalling thing latte sipping folk do. I thought I'd dispel the notion (in some small way) that ESG investing makes no impact. + +>Certainly, asset owners and institutional investors who are shunning the [fossil fuels] sector do not appear to be budging on the ESG commitments and are instead playing the long game, steering clear of a sector that is already seeing capital costs rise due to a lack of support from lenders and investors and will see demand fall over the long term. They have no shortage of clean energy investment opportunities to chase. + +https://www.afr.com/chanticleer/gas-powered-trade-surplus-shows-markets-esg-conundrum-20211005-p58xgi + +While, of course, the impact of any one person is far less than an institutional investor, to say that there is no impact of an ethical investor on the company that is not being purchased (i.e. some polluting or otherwise disagreeable firm) is patently false. Institutional investors are also driven by public sentiment, and ethical investing on a personal level is one expression or metric of that. +In 4 days time the Ropsten test merge will happen, turning the Ropsten testnet from POW to Proof of stake. On the 30th june, the difficulty bomb will go off, gradually increasing the difficulty for miners to mine blocks. The data can be found here: + +Http://wenmerge.com + +And in an as yet unspecified date in august, the real main net merge will happen. So why am I so bullish about the merge? Its largely Eth moving instantly from 3.3% inflation to -0.7% inflation. But it's also these. + +1. 99% reduction in energy cost per Tx. +2. 90% issuance reduction. 12500 eth a day to 1250. +3. Miner sell pressure drops from 14,000 eth a day to 0. +4. More eth locked in the staking contract for 6 months after the merge . +5. Deflationary asset. More eth burned than produced if gwei >20gwei. + +Number 3 is I think the most important. While it wont drop to exactly 0 on the first night, removing $30 million of sell pressure per day will have a massive effect. The market would need to refind this pressure just to stop the price going up. (Its guaranteed profit). It wont find this sell pressure. + +There won't be a 'massive selloff' on merge night. All eth remains locked into the contract until the next update. After that, there is a queued release. + +I believe that both Bitcoin and Ethereum are stores of value, but Ethereum is currently also the worlds largest and most secure crypto network. It is the foundation of web3. + +As a final note, it took 19 months to get 12.6 million into the deposit contract. In the last 2 months alone, 2.6 million of that amount was deposited. + +As a final final note, I'd like to thank Do Kwon for causing the luna crash and allowing us to buy Eth this cheap, this close to the merge. And also removing luna from the market and allowing Ethereum more room to grow in MC. You're a bastard, make no mistake; but you're a magnificent one. + +Edit: Thank you for all of your lovely comments. +Edit - updated for clarity and TL:DR: + +For grad school work, I had a 2 month car rental. However they added 8 days onto that 2 months by the end, so I extended my contract by 8 days. That extension cost $500. Two days before I dropped it off, I was realized it would be more effecient to drop the car off at the airport location (only 13 miles away from where I picked it up) before I fly home. I called and asked if there would be a fee for this. They said a "small fee", but wouldn't be specific, despite me asking repeatedly. Looking up online, it seemed to be < $100 to do this, so I figured it was less of a hassle than getting an Uber to the airport. Turns out the "small fee" is a $1500 service charge added to that $500 invoice from earlier. They retroactively charge me the rates from the airport for the entire two months. Since I'm in grad school, it's a huge deal to get an extra $1500 reimbursed than if this were a private sector job. + + + +--- + + + +On a recent work trip, I booked a "*multimonth reservation*" through Hertz for 2 months and 8 days. I paid for the 2 months with no issue, but the last 8 days were going to be paid separately, for about $500. + +When it was time to return my rental - I called up to ask if I could return it by the airport instead, 10 miles away from where I picked it up two months ago. They said there would be an additional service charge for doing that - and when I repeatedly asked how much it would be, they would not give me an answer. So I looked it up, and saw it should [be $13](https://www.hertz.com/rentacar/reservation/reviewmodifycancel/templates/rentalTerms.jsp?KEYWORD=RETURNCHANGE&EOAG=YUL). Since they were being tight lipped about the charge, I assumed they might be scummy and add in some other charges, maybe an extra $100 or so - and I was prepared to pay that fee. But when I got the invoice, I was absolutely shocked to see **an extra $1500**. My invoice for those 8 days clearly shows a subtotal of $500... and then a "Service Charge" of $1500. In another section, it describes the Service Charge as a `RATE ADJUSTMENT`. + +I called Hertz customer service multiple times - it was very difficult to talk to anyone - and they couldn't really explain why there was a rate adjustment - but it seems like they retroactively charge whatever price they want when you return it somewhere else? I think that's what they did, but it's very unclear. This seemed completely unacceptable to me - I had a reservation with all the prices established. I called up and asked several times if there would be any additional fees for dropping it off somewhere else - and was prepared to pay even a little bit of an obnoxious hidden fee. But charging **four times as much** as I agreed to is off the table. I legitimately cannot afford it. + +Here's where it gets worse... So I called up my bank to do a chargeback, hoping customer service would listen to me then. But it turns out you can't do a chargeback to Hertz. Apparently so many customers have done chargebacks to Hertz in the past, that the bank won't do it unless you can prove they breached their contract. And the Hertz contracts are written so that they can add whatever charges they want at any point. + +I don't know what to do! Is there a way I can get some of this money back? I can't afford to lose 1 months rent right now. +I've been hesitant to run this by anyone else offline as I feel it could be perceived as a bit offensive to some or shallow to others. + +Does anyone else feel like the more they learn about money, the smarter you become with your choices, the less impressive monetary amounts become? + +For example, when I was $80k in debt, this number was monumental. An amount that seemed too far out of reach, I couldn't envision getting out of debt. Hell, $1,000 was a lot of money to me. + +Yet, as I worked through eliminating debt, having spent just over two years doing it, my mind has been altered. Now that I'm controlling my money, making great progress, and continuing to improve my finances, my perspective has changed. I studied personal finance two years before implementing change, so I'm close to five years of continued learning. That means nothing to me except that I've come a long way personally. + +$1,000 is merely pocket change that is nice to have but in the grand scheme of saving a 6 month emergency fund or saving to pay cash for a home, it's nothing. I received $3,500 the other day from an item sold and while that was used to further power my financial goals, it's not very much money. + +Is my perspective common or am I treading dangerous territory in thought? + + + +Edit: I was surprised to see how active this post became. I'm glad to see that the absolute greater percentage of people can relate to what I tried to explain. To be clear, the context of my stating that $1,000 is pocket change has nothing to do with it being a small amount that I can disregard in wasteful spend. Rather, it's such a small amount when I'm actively trying to save my six month emergency fund (at this moment) and have set a goal to buy my next home with cash (in the distant future). I'm grateful for the many comments that have helped me better understand my transition of both thought and perspective. +I work for a bay area tech company that has great employee perks in every area except 401k (no matching, no mega back door, just traditional and Roth up to $18500 through Fidelity). + +I want to try to convince HR to enable after tax contributions to our traditional 401k accounts to allow me to do mega backdoor Roth and accelerate my own FIRE. + +Has anyone done this at their company? +Does doing this cost my company anything? +Why would a company choose not to provide this perk in their Fidelity plan? + +I'm trying to plan my pitch, so any info you can provide about why HR might be apprehensive would be appreciated. + +Not looking to start a bagholder vs paperhand war. Honestly am curious about this, as it’s important to asses and try to understand both sides of the coin. + +From my understanding, the selling of RC shares is likely for 1 of 2 reasons: + +1. BBBY is filing for bankruptcy + +2. RC will somehow be involved with another aspect of BBBY (ie Baby, something we aren’t aware of, etc) and cannot own those shares + +In option 1, as others have shown with their fabulous DD, RC would likely be investigated for insider trading. Somebody worth so much money is probably not going to risk that for chump change (relative to his net worth). + +Would someone with some experience with a situation like this care to weigh in? +[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 see a lot of Tesla bulls arguing that Tesla's battery technology is one of their key competitive advantages, as they have more vertical integration, and more advanced tech. However it seems that they are buying the majority of their batteries from Catl, Panasonic, and LG Chem , the same as other manufacturers. Is their cost per kWh lower than competitors right now mostly because they have a better deal with suppliers? Or because their in house ones drive down the average? If there's anyone who has any insight into the moat they do or don't have in terms of cost, production capacity, and overall technology I''d be interested to hear + + +SPCE is the biggest DOGSHIT company I have ever researched. It is up there with Boeing on levels of shitness. + +It is a paper company, all they have is one shitty space plane that doesn't even go into space. It only experiences weightlessness for 4 minutes before coming back down to Earth. They have zero plan for supersonic/hypersonic travel, which is where the hype for SPCE is. Even if they did, it would take TENS OF BILLIONS of dollars to get something up and running. Running shitty space tourism flights won't make enough revenue. + +They even stripped Virgin Orbit out of SPCE. So you aren't even investing in their rocket company anymore. + +Its an utter dog shittler company. Its worth $4 at most. +Hi all, + +I've been a member of this subreddit for a little while and have taken peoples advice and opened a Stocks and Shares ISA. Over the year or so I've had it, it's had positive and negative growth and is currently sat at +5%. + +I've recently read about bonds. HL are offering a corporate bond with a 13.5% coupon rate and a maturity date in 2025. As I understand it, this means you receive annual interest payments of 13.5% each year until 2025, when you get your initial sum paid back. If my ISA returned 13.5% each year, I'd be pleased as punch. + +So, my question is: why are bonds not discussed more as a viable investment option? Am I missing something fundamental? Or is the thinking that stocks and shares would generally outperform 13.5% in 5 years time so bonds are too conservative? + +Any guidance or experiences would be greatly appreciated :) +I have an allotment and love growing my own fruit and veg, I also currently rent and am sort of ready to buy. None of the houses in my area have gardens big enough or right for my needs, so it got me thinking and curiosity brought me here. + +If you owned a small bit of land with no house and no planning permission for one, would you still be able to get a mortgage and house with your first time buyer benefits or would you lose them because you owned some land? + +Realistically I don't think I'll do this but would be cool to know if it were possible. + +Thanks +I’m 20 still @ uni (currently on placement) and I was wondering how many debit cards should I have? + +I currently have 2 : Revolut (I use for transfers and abroad) and Nationwide (salary bills) + +Next year I will have to pay rent and other stuff via direct debit. Would it make sense to have a 3rd card for this? This will allow me to manage money better? +While inflation in the Euro-Zone is on a 13 year high , ECB leaves rates at zero (5.25% in 2008). Looks like fiat is destroyed deliberately. Act accordingly. +Hi. + +Before anyone comes at me saying "If you don't know this, then stay away from options", I'd like to ask to be educated on the reason behind this instance. I'm assuming it's purely based on implied volatility. + +I bought TWTR $55 Calls w/ 250+ DTE. News came out this morning that Elon is pausing his acquisition. I was assuming I'd be down at open, but I was actually up. A few days ago, the implied volatility for the calls were at 10% but it's currently at 26%. + +Regardless of the answer, I'm out the trade and took it as a slap on the wrist. +Massachusetts securities regulators are expected to file a complaint Wednesday against the wildly popular trading platform operated by Robinhood Financial LLC, alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them. + +In a final draft of a more than 20-page administrative complaint reviewed by The Wall Street Journal, the enforcement arm of the Massachusetts Securities Division said Robinhood failed to protect its customers and their assets, violating state laws and regulations. Robinhood exposed Massachusetts investors to “unnecessary trading risks” by “falling far short of the fiduciary standard” adopted this year that requires broker-dealers to act in their clients’ best interest, the state said. + +https://www.google.com/amp/s/www.wsj.com/amp/articles/massachusetts-regulators-to-file-complaint-against-robinhood-11608120003 +Good morning all, + +We're in a bear market. Shit sucks. But that doesn't mean we can't still have some fun right? + +For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE. I invested (yolo'd?) $100 into this subs most hated coins. Some coins are hated because of utility, some because of corruption, some because of the the shills. Whatever the reason, I decided to act on the theory that this sub can actually pick winners by investing into the ones that we all hate the most. + +So, $100 was invested on the same day to each of the ten coins/tokens. Here is how it has fared. + +[Folio of Hate](https://preview.redd.it/mll6gghpcue91.png?width=979&format=png&auto=webp&s=1af27826e7183ea80040397286f7986ea196a335) + +**Down 60% or $600 in eight months.** + +What about the individual results? Surely they're not all bad? Right? + +**Best performer:** USDT -0.06 % + +**Worst performer:** LRC -81.05 % + +**Surprise Performer:** BNB -46.23% + +[ Folio of Hate Individual Performance](https://preview.redd.it/xjc4bfzucue91.png?width=945&format=png&auto=webp&s=386dc9f14842095519d45d27091836d26b5b77a5) + +Despite the savagery of the capitulation and bear market, there are some interesting observations. + +Personal points of interest: + +* Binance is the best none-stablecoin performer. This could be connected to the collapse of other exchanges/lenders. +* Investing in Dogecoin - was a better investment than top guns Solana and Cardano. +* Solana performed equally as bad as Safemoon +* Tether - FUCKING TETHER - was the folios best performer. Props to [u/entschida](https://www.reddit.com/u/entschida/) for getting that one right. + +I am aware that perceptions and opinions shift over time, so it is of course possible that we hate these coins more than ever. + +Finally, the sentiment for crypto.com (or Cronos) has drastically shifted over the past eight months. If I were to create this folio today, CDC would definitely have a place in it. + +Original [post for reference](https://np.reddit.com/r/CryptoCurrency/comments/rng996/here_it_is_the_subs_most_despised_coins_combined/). +So throughout 2020 I made ENB my largest holding at just under 20% of my portfolio, it was not my plan to make it this large of a holding but it’s seen a great jump YTD especially compared to my next two largest holdings who have been a little disappointing so far in 2021 (DIS and SU). + +At this point I am curious whether I should continue holding ENB or if I should just sell and dump the money into an index fund. I’ve been reading the little book of common sense investing and I’m coming to terms with just how hard it is to beat the market. + +Obviously investing at the bottom in 2020 was great but now I’m wondering if I’m better off putting gains in an index fund. Currently the yield I have on ENB is just over 8% and I have DRIP set up where I receive two shares every quarter. + +My main concern is if ENB’s share price significantly underperforms the index and therefore renders the yield I receive moot. +I was looking at investing in some dividend stocks and did some thorough research. It seems these three telecom companies have a good footholding in the Canadian market. They also yield decent dividends (4.6ish percent). Though, I am wondering which one is the best to buy. Right now I am looking at Telus. They are building their fibre network (including in my own neighborhood). I know the other two are as well, but I am unsure to what degree. Does anyone know who will have the most fibre availability in Canada? Have any of you invested in any of these companies? + +Thank you in advance. + +P.S. I am a new investor, trying to diversify my portfolio. Will only put a maximum of $1000 into one of these companies. +We are looking to buy our first condo in Vancouver. It’s a pretty nerve wracking experience not only due to astronomical process but also with all the uncertainty in the world. I know the sentiment that “Vancouver house pricing always goes up” but interested to see thoughts around timing this with rising rates but potentially falling prices +I'm in the GTA (Ontario) and I ask because I'm unsure if I'm experiencing confirmation bias, so I I hope someone can shed some light on their social circle. + +Personally, It doesn't matter if I'm with friends, family, coworkers, or strangers. The topics continually gravitate towards: Housing Market over inflation/instability and/or Economic Recession (And even great depression), resulting in people saying the personal solution is either acquiring land, precious metals, crypto, etc. + +is this the case in your social circle? Do you still have a positive perspective? what is some evidence of a turn around? + +If you think the economy is failing and will slowly recover - are you still purchasing stock? crypto? +Man, tbh I was looking at VDY for passive income but I don't know do yall think it's worth it because the stock its self doesn't even grow? Let me know what yall think I should put my money into. +With US reaching its limits of physical storage and Canada/Alberta not having such facility... where does our Oil producing companies keep their oil produced. Assuming they send some to their own refineries (which don't have much demand left anyways) + +If they cut down the production, those many barrels of revenue is gone and that too at their hedged rates of say 50 USD per barrel...its a big loss to these companies. + +Despite this, the stock prices are going up ?? +Been with Wealthsimple Invest for two years and currently have $20,000 with them in a TFSA (90/10 growth portfolio). I'm looking to move all this to Wealthsimple Trade and go all in on XEQT. + + +1. Is this a sound strategy? I figured I would earn more in the long run by cutting down on the 0.5% management fee from WSI. I have a high risk tolerance, 35+ year horizon, and will contribute consistently. +2. Whenever I have enough funds, should I market buy shares ASAP, regardless of the price, or should I place a limit buy? Does the price matter? +3. Since XEQT contains underlying U.S. ETFs/holdings, would I still incur conversion fees with WST (1.5% \* 2) or any fees at all for that matter? +4. When I approach retirement, how should I add bonds to my portfolio? Should I buy lower risk asset allocation ETFs like XGRO/XBAL; buy bond ETFs like ZAG; or sell all my XEQT shares and buy XGRO/XBAL? + +Any help or advice is greatly appreciated! +I have a 10k deposit to WealthSimple that just cleared and I was looking into investing it in growth ETFs considering I have a long time horizon. + +I was thinking of putting about half in QQQ (QQC.F on WealthSimple) and the other 5k in VFV and leaving it there for the long-term. + +These seem like a good idea for me because of its growth potential and it follows CCP. + +I am still reading and watching Ben Felix/Griffin Milks to further educate myself and I’m thinking of investing more for individual stocks in the future when I have a better grasp of financial literacy. + +Currently I’m still looking for growth ETFs and maybe split my investments into thirds instead of half- if anyone has suggestions on other ones. This seems like a better diversification move overall but I could be mistaken. +She's just won a court battle against HMRC where they tried to get her for £1.3m in unpaid taxes. It seems as though she's registered herself as a sort of television host service-based business in order to filter her pay into dividends to avoid the full 45% income tax. HMRC are disputing the legitimacy of her business. + +But what exactly does the figure of £1.3m represent? Is it the amount she owes HMRC after deducting what she's paid through dividends tax? Or is the £1.3m representative of her full income tax without taking into consideration other taxes she's paid? +What do you do outside your day job to bring in some extra money? + +1. What is it? +2. How long have you been doing it? +3. How much time do you put into it? +4. On a scale of 1-10 (10 being very well) how well does it pay for the time and effort? +4. How difficult is it to do/get in to? Cost of entry? +The asset class of alternatives generally seems to be rarely discussed among passive investors and retail investors - with a big focus on the typical portfolio allocations to solely equities and possibly bonds. However, among institutional investors including pension funds, life assurance and more, an significant allocation (sometimes as much as 50%) to alternatives is standard. Examples include, long/short funds, commodity ETFs, precious metals, collectibles. + +A number of academic studies and analysis by various asset managers has indicated a benefit to risk-return profiles of portfolios given an allocation (most sources suggest between 5-20% weight of total portfolio) to alternatives. The performance of bonds and stocks in 2022 have largely been poor, and this time will be remembered as one of the rare times high quality bonds and stocks have both performed poorly at the same time. Various alternatives such as infrastructure, commodities, and real estate have comparatively performed well YTD, showing their value in market conditions where stocks and bonds happen to show higher correlations, along with their long term ability to reduce volatility. Many alternatives are poorly correlated or uncorrelated with stocks and bonds, providing additional diversification. + +Just interested to know people's views on alternatives, and if they are a part of your portfolios? If yes, why and how are you choosing to gain exposure to these assets? +I’ve never invested before but I’m very interested in it and it’s something I’d like to learn more about. + +I’m currently a student so I don’t have a large amount of disposable income. + +I was wondering if investing very small amounts, like around £10 is worth it just to practice and observe what happens. + +Let me know what you think + +I’m also open to suggestions about how to get into investing using other methods +Twitter has been vilified on this sub for a long time. Yet where does almost all of the advertising and community outreach originate from GameStop? We're locked inside a cage in here. I'm by no means saying stop coming to this sub. Just saying we need to be reaching beyond that. Bringing people to the company itself beside the stock. Why am I saying this? Because this sub has 795k members. GameStopNFT official Twitter account has 63k followers. Then factoring in a portion of that is non Superstonk people, they should have way more. + +Support the artists. It has the best return vs effort applied. All you have to do is scroll and like. If you see exceptional art, retweet it. Be active and people will follow you. The more people that follow you, the more people that get exposed to GameStop artists. If you ask anyone in NFTs what is the most vital component. Almost every person you ask that's been in it for awhile is going to answer community. GameStop is building their community onTwitter. We should be helping. + +Not telling anyone how to live their lives. But talking about the stock on Twitter is cringe. It's why people block popcorn zombies. Build the company. The stock will follow. + +&#x200B; + +https://preview.redd.it/pet54ifmqh591.png?width=977&format=png&auto=webp&s=9b7158c1881d3769863e5569eff10d127682e664 +Tell me it ain't fucking market manipulation that AT THE EXACT SAME TIME our stonk drops, everything else follows: AMC, BB, TLRY, RKT... Every stock that has been in WSB focus in the past few months, suddenly tanks. + +At the exact.same.second. + +But nooooo, that can't be fuckery, amirite? That's perfectly normal market behaviour when otherwise completely disconnected stocks suddenly fall the same way, for the same time. +Hello all I have seemingly been on a endless missions on trying to find brokers that allow auto buying for individual stocks. It seems most them do mutual funds only and deny you the opportunity to build your own portfolio of stocks. I’m aware that M1 offers something like this but I really don’t like there interface. Robinhood has this service but I’m not really hearing good things about them either does anyone know of any other brokers that offer this service? +It seems private equity funds usually have their 5 year horizon in which they get paid at the end after selling off their holdings and returning their money to their partners. In hedge funds though when they charge their 2% management fee and 20% on gains how do they fund these fees? Do they collect these fees at the end of the fund or do they sell some of their holdings at the end of each year to collect their fees? I feel like the latter option would diminish the returns for the clients as it would be taking out capital earlier that could be growing until the end of the fund. I have tried to research this everywhere but the only articles I can find basically explain the 2 and 20 structure that I'm already familiar with. +I’m currently seeing a lot of posts and comments throwing hate towards Cardano just because it hasn’t made a big move in 1 month. I don’t know if people thought that smart contracts would come from one day to another or what, but we all know that Cardano likes to take it slow. The fundamentals of the coin are the same today than 1 month ago, so why would your thoughts about ADA change? Nowadays too many people move from trend to trend, and they can’t stand a coin being stable for more than 1 month. Remember that 1 year ago ADA was at $0,09 and now sits at $2, do what you want with your money but you will regret selling ADA just because it had 1 month of no movement. ADA was always known for being a “stable coin” anyways, did I miss something or what’s the reason for all the hate? Are they just mad that shitcoins pump but not ADA? +Alright you fellow rehtards, I just want everyone to know that this is just day 1. + +We aren’t middle aged dads that are going to get pushed out of our positions to fund some child’s education. No- we are going hold until we can send those children to wherever the fuck they want to go in a new lambo. Or yolo into GME if kids are too expensive in November when the BBBY squeeze is done. + +A quick look at the option chain tells a quick story that everyone is expecting more, much more, $80 more. [Cohen’s Option chain abuse](https://www.reddit.com/r/wallstreetbets/comments/wjdpgh/bbby_look_at_this_jacked_option_chain/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GME squeeze day 1](https://imgur.com/a/H1vZAjL) +Here is an image back in January 2021 day 1 of the GME golden age. Same price action as BBBY today. (Look at Jan 25 before your blind ass comments) + +My positions: +650 shares at 7.66, +45 $80c Jan 2023 + +Don’t listen to the fake media and fake posts getting 30 awards in the first 5 minutes. We don’t loosen our grip on their nuts while they squak and scramble funds before being margin called. Today was just the first taste while they determine to close their shorts or wait out the storm. Tomorrow we go higher. + + + +I just hope this sees enough so we don’t start fuckin panic selling. But not enough so some other reitard positions and bans me forcing me to do more fucking work on this subreddit. +Interested to see what everyone listed and if there's anything we could add to ours that we haven't yet thought of. + +(Also sorry, I overlooked the post flair and don't know how to change it) +> # 6.2 Land tax and conveyance stamp duty +> Stamp duties are a highly inefficient tax on land, while land tax could provide an alternative +> and more stable source of revenue for the States. + +> When applied uniformly across a broad base, land tax is one of the most efficient means of +> raising revenue. This efficiency arises from the immobility of the tax base and, unlike most +> other taxes, levying different rates of land tax in different States has very low efficiency costs. + +> Existing land taxes are narrow, which make them less efficient and fair than they could be. +> Levying higher taxes on larger holdings discourages land-based investment by institutional +> investors, such as in rental housing. As owner-occupied housing is exempt, land tax on +> residential investment properties is probably passed through to renters as higher rent. + +> The structure of land taxes could be improved by broadening the land tax base to eventually +> include all land. Land tax rates should be based on the value of a given property, so that the +> tax does not discriminate between different owners or uses of land. A tax-free threshold +> based on the per-square-metre value of the land could be set such that there would be no tax +> liability on most agricultural and other low-value land. Higher-value land could be taxed at +> differentiated rates based on the per-square-metre value of the land. + +> Stamp duties on conveyances are inconsistent with the needs of a modern tax system. While +> a significant source of State tax revenue, they are volatile and highly inefficient and should +> be replaced with a more efficient means of raising revenue. + +> Conveyance stamp duty is highly inefficient and inequitable. It discourages transactions of +> commercial and residential property and, through this, its allocation to its most valuable use. +> Conveyance stamp duty can also discourage people from changing their place of residence +> as their personal circumstances change or discourage people from making lifestyle changes +> that involve a change in residence. It is also inequitable, as people who need to move more +> frequently bear more tax, irrespective of their income or wealth. + +> Reforming land tax and conveyance stamp duty arrangements, along with the proposed +> changes to the taxation of rental housing and Rent Assistance, will go some way toward +> improving housing affordability. However, to a significant extent housing affordability is a +> supply issue + +https://treasury.gov.au/sites/default/files/2019-10/afts_final_report_part_1_consolidated.pdf +Do you have any tips for working for yourself? + +I quit my cushy job with one of the big four banks and I’d like to work for myself for a bit. When I quit I felt like a huge weight had lifted from my shoulders. + +My biggest concern was figuring out how long my savings would last and I’m actually doing ok. + +It’s the first time ever in my working career that I’m not living pay check to pay check and having a 3 month buffer feels pretty awesome. + +Anyone else here made the plunge from corporate to self employed? +Let's look back at some memorable moments and interesting insights from last year. + +**Your top 10 posts:** + +* "[What do you do that you earn six figures?](https://www.reddit.com/r/financialindependence/comments/p3c6us)" by [u/fidgit86](https://www.reddit.com/user/fidgit86) +* "[If you make a decent income, it becomes all about lifestyle creep.](https://www.reddit.com/r/financialindependence/comments/owfs82)" by [u/ScarletInked](https://www.reddit.com/user/ScarletInked) +* "[Officially retired at 27](https://www.reddit.com/r/financialindependence/comments/o2yuy4)" by [u/Hitler\_wuz\_socialist](https://www.reddit.com/user/Hitler_wuz_socialist) +* "[You'll get bored.](https://www.reddit.com/r/financialindependence/comments/o4ax2r)" by [u/BaraLover7](https://www.reddit.com/user/BaraLover7) +* "[What FI means for a janitor](https://www.reddit.com/r/financialindependence/comments/nk08wp)" by [u/milkmanbran](https://www.reddit.com/user/milkmanbran) +* "[\[META\] This sub has been far too negative lately. Financial Independence is deeply personal: It looks different every time. We need to respect that.](https://www.reddit.com/r/financialindependence/comments/lfj46n)" by [u/Terrik27](https://www.reddit.com/user/Terrik27) +* "[“Spend extravagantly on things you love, and cut mercilessly on things you don’t.”](https://www.reddit.com/r/financialindependence/comments/l27w0g)" by [u/wereallyalive](https://www.reddit.com/user/wereallyalive) +* "[Money isn’t the only thing that compounds](https://www.reddit.com/r/financialindependence/comments/pj6yx5)" by [u/spacemonkeyzoos](https://www.reddit.com/user/spacemonkeyzoos) +* "[Don’t get a Second Job](https://www.reddit.com/r/financialindependence/comments/oj0641)" by [u/Optionsnewbie455](https://www.reddit.com/user/Optionsnewbie455) +* "[TikTok has opened my eyes to how many “personal finance gurus” are out there providing awful long term advice](https://www.reddit.com/r/financialindependence/comments/n38j80)" by [u/HenloLezard](https://www.reddit.com/user/HenloLezard) +Hi PF, + +I am a 27 year old accountant who is miserable in his job. The way I feel about my job has started impacting my sleep, my eating habits, my relationships with others, and my overall outlook on life in general. However the job pays very well - I make roughly $120,000 per year not including benefits. I'm sure I could find another accounting job that pays around the same, but I am so uninterested in the work that I cant imagine myself being happy doing something similar for a different company. + +I've recently received an offer to work as a PPC analyst (digital marketing role) where my salary would be starting out at $60,000. I don't know if/how long it will take to reach my current salary if I make this move, but based on my current situation I feel like I should not even be worried about this. + +I was lucky enough to not come out of college with any student loans, so I have been able to save up quite a bit of money for my age: + +* 60k saved in 401(k) +* 250k invested in mutual funds +* 15k invested in crypto +* 5k cash + +I'm fairly certain that even if I never added another dollar to my investments, that they would still grow enough by the time I'm 65 for a comfortable retirement. + +Given the above, am I dumb for even thinking about staying in my current role? I feel like I should be jumping at the opportunity to be more interested in my work, but the salary decrease is really hard to swallow so early in my career. +# TL;DR + +For the past **year,** I have been trying to transfer an old pension from a previous employer to my SIPP. The system is a joke and in need of overhaul. + +# Boring details that illustrate how messy and confusing the existing pensions infrastructure is + +I have a Vanguard SIPP that I transfer old pensions to when I move jobs. The old pension was with AXA and I was invested in the Aegon TargetPlan under Aegon WorkPlace Pensions. But this has no front end because it no longer exists - Vanguard tried to identify the correct scheme using "Origo". Turns out the pension - my pension - was transferred to Willis Towers Watson in Nov 2020. + +Who, guess what?, have no front end so Vanguard submit a transfer request for me using Origio, which I'm now guessing is some type of pension-search platform for providers. But they can't find it, so they send the request via email. + +Only I have moved house since I worked for AXA so I have to call them (they didn't respond to my emails) to change the address on the system. Just to transfer the pension out of their system\*.\* So I do this. I call them. Well, I try - they don't actually seem to exist and I can't find a number anywhere, Vanguard have to give me one. + +And I wait. And I get frustrated with waiting so I complain to Vanguard who demonstrate it's not their fault by relaying the following series of events: + +"On 24th November we resubmitted your request as you had now updated your address with your current provider.15th December we sent a chaser email to them as we hadn't received a response to the new request.22nd December they emailed to inform us that they issued a quotation to you on 22nd November and in order for them to move forward, they needed transfer out forms completed and returned.30th December we received paperwork in the post. Due to the holidays, the paperwork was reviewed and completed on 7th January and posted back to your provider.28th January we sent a chaser as we hadn't heard back since posting the forms and on 6th February they sent an email response to say that they hadn't yet received the signed forms. We resent the forms again in response to the email and also in the post to them." + +As you can imagine I was not overjoyed with this information. + +As if WTW could somehow perceive this annoyance, I received a letter from them the very next day. Like a spoiled child on Christmas, I tore open the letter as quickly as possible, anticipating a transfer confirmation and an end to the ordeal. + +But WTW had other plans. Apparently, I had to fill out some stupid f\*cking HMRC anti-scam *documentation* and *post it* back to them like it's 1927 or something. And I do - the form is basically the equivalent of "Are you sure no one is holding a gun to your head forcing you to do this transfer or someone has promised you a Lamborghini Huracán for making this transfer?". + +A couple of weeks later I get an email from WTW telling me they've sent the payment and a week after that Vanguard notify me that the transfer is complete. + +# The point + +The current pension system is not fit for purpose. People are moving jobs more often, meaning more pensions and more convoluted transfer processes. + +It's not uncommon for someone to have 5 jobs before the age of 30. This means 5 different (maybe) sets of login details with 5 different providers,  5 different investment portfolios to construct from 5 different sets of investment choices, 5 different analyses to be conducted over fees, options, etc., 5 different systems to become familiar with. + +And that isn't even considering the growth in part-time work and self-employment. It's a mess, even when you transfer straight away to a SIPP. Some companies, like [PensionBee](https://www.pensionbee.com/) and [Penfold](https://getpenfold.com/) are trying to fix this, but these are hacky fixes. The root of the problem is that the pension system was not designed for the modern workplace. + +I would like to see a SIPP-based system in which employees choose a provider, and have 1 provider at a time, and employers simply transfer contributions to that one provider. The self-employed can then contribute to this pot tax-free too. You can sort of replicate this by [choosing cash allocation in your company pension and immediately transferring to a SIPP](https://www.perpetualprudence.com/pensions-how-we-got-here-and-where-were-going/), but this can hurt you if you stay at one employer for a long time. And you still have to go through the transfer process, which is what I'm ranting about here and trying to avoid. +First of all, I would like to state that this will most likely NOT apply to 99.9% of people reading this. These circumstances are considered eligible for a dependency override because they are so unique. Less than 1% of students under the age of 24 are able to get a dependency override. + +This post is a bit lengthy, but because I have gotten so many questions over the years from my peers, I figured I would type up everything I learned from this experience. When I graduated high school, no one knew how to help me. My high school counselor had no clue what to do and pretty much all the adults around me had no advice for where to even begin. At the time, the internet was not much of a help either, as most of that information was generally about how no one is ever able to get an override. + +To shorten this post a bit, I posted some information about FAFSA dependency requirements in the comments. + +**My Story:** + +As I said above, tons of students my age have asked me how I became an independent student. I am a 22 year old who can answer NO to every single one of the FAFSA questions. I am single, no children, and have never been declared a ward of the state. I was never declared homeless (though the situation was close) and I was never determined to be an unaccompanied youth. + +I turned 17 in May 2009, right before my senior year of high school. My father passed away that summer, leaving my mother to take care of my siblings and myself. My mother has certain mental disabilities and social services would come weekly to counsel our family. To make a long story short, in March of 2010, my mother left the apartment and never came back. The police came and said that I was to remain in the care of my older sister (19 at the time) who was left as my unofficial temporary guardian, as I was only two months away from both turning 18 and graduating from high school. My plan was to go to community college and just make it on my own. + +The problem that I ran into was that I was unable to complete a FAFSA application without my mother's information. She had not filed taxes and even if she had, there was no way to get in contact with her. Because the situation was only for two months, no court documents had ever been filed to declare that I was in a legal guardianship or an unaccompanied youth (either one would make me an independent). The only documents that I had was a letter from my social worker saying that my mother had abandoned me and the police report, but there was no other record of the abandonment. I did some extensive research, but almost everything I found was about how difficult it is to get a dependency override. There were tons of posts about how students had been forced into dependenct status despite being kicked out of the house, but no one seemed to have tried the override (or their financial aid office had denied them). + +I decided to contact a professional FAFSA preparer and they directed me to the FAFSA website that listed information about extenuating circumstances. I followed the advice from the FAFSA website and contacted the financial aid offices of numerous colleges and universities to see if they could help me. The response that I received from two community colleges was that since dependent status would be more than enough to cover my tuition, that it wasn't worth the time for their financial aid offices to override my status. The response from a public state university was that my proof was insufficient for a dependency override and that I would have to prove abandonment through court documents. The police report was not enough proof for them to override. This was indicative of the responses that I received from several other schools. *The problem with this is that without my mother's financial information, I would not have been able to complete the FAFSA and would not have been eligible for ANY aid, regardless of whether I was independent or dependent.* One of the schools even told me that I would have to wait until I was 24 to even apply for FAFSA at all. + +Finally after months of trying, I contacted the financial aid office of an out of state private college and they were able to help me. When I mean that it was months of trying, I am being serious. I started contacting schools in April 2010, working my way through my list from the cheapest schools to the most expensive schools that I had been accepted to. In August 2010, I contacted the private college that was dead last on my list. I explained my circumstances to them, faxed them copies of the documents, and within a week the college came back and said that my status as an independent student had been approved. The financial aid office was even able to get the dependency override despite the fact that it had not been a full calendar year since the abandonment. At the beginning of each school year, I would have to sign an affidavit that stated that my home situation had not changed and that contact with my parent would result in my independent status from being revoked. + +I graduated in 2014 from that private college, but I also worked full time throughout. Each year, I signed my affidavit and received my aid. The battle for this one was uphill all the way, and I am extremely grateful to the financial aid office for helping me. **The main point of this story is that you will have to find a school with a financial aid office that is willing to work with you. Out of the 12 colleges I was accepted to, only 1 was willing to look at my documents and help me.** + +**One final footnote:** + +Because this is /r/personalfinance, it would be wrong not to mention that I calculated the costs of attending community college versus attending a private college. I was looking at paying $6000 in loans each year to attend my program at a community college, plus paying for living expenses. In comparison, I was looking at paying $10000 in student loans each year to attend the private college, room and board included in that figure. The amount of debt was LESS to attend a private college for 4 years ($48000 total cost, including room and board) than to attend community college and transfer ($6000 tuition + 800/month living expenses worked out to $28000 debt for two years at CC, not including tuition for the transfer). Of course, I worked two jobs while in school, but it is certainly something that every student should consider. I also graduated with a degree in Information Systems and graduated with a $50k/year job as a database admin. I would not have done this if I were pursuing a less employable degree. + +**TL;DR: FAFSA requirements for being an independent student are hard to meet. I was abandoned by my mother, but lacked court documents to prove it. I applied to numerous colleges and asked for a dependency override due to parental abandonment. Most schools turned me down, but one of the private colleges did not. The financial aid office worked with me, declared me an independent. After calculating the total costs, I attended the private college and for four years signed an affidavit re-affirming my dependency override. I graduated and want to share my story to help others.** + +@Loopette69 asked for clarity on why radio silence. + +https://twitter.com/loopette69/status/1540406463193047044?s=21&t=rDwL7JNqsSmDIpJt4UNGxQ + +“Just looking for clarity 🙏Why wouldn’t @GameStop @GameStopNFT announce the Marketplace release date? Wouldn’t it be more successful for everyone if we knew the day?I’m certain some people would take off work, plan for the day, even easier on the artists, etc? Why wouldn’t they?” + + +GSNFT replied: + +https://twitter.com/gamestopnft/status/1540480832187645954?s=21&t=rDwL7JNqsSmDIpJt4UNGxQ + +“If we knew the date, we likely would but we need to keep tinkering to make sure it's the best it can be before it makes it's grand debut. We're so excited for our Creators & future Creators our curators have yet to discover. The imagination & creativity is inspiring. -SMRT” + + +Stay Zen. Kenny and co are struggling to figure out how to get their nuts put of the vice while RC and the crew are fine tuning a goddamn orbital strike from Uranus. + + +Buy.DRS.Hodl. +Not Financial Advice +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. +Looking at today's price action, with the complete lack of borrowable shares and sky-high borrow fees, all i can think of is the Hunter S. Thompson quote from Fear and Loathing in Las Vegas: + +"The only chance we had now, I felt, was the possibility that we had gone to such excess that nobody in the position to bring the hammer down on us could possibly believe it." + +In for a penny, in for a pound. Too big to fail. If you owe the bank a million dollars, thats your problem. If you owe them $100 million, thats the bank's problem. Its all the same idea. + +Basically we're seeing naked shorting all the way up to the finish line. What else are they gonna do? Give up and pay? Not until they're absolutely forced to. They're going to keep making the problem bigger and bigger. Theyre already fucked, what have they got to lose? + +Hold the line, keep on buying. Its in Cohen's hands now. Papa bless. 🙏 💎 +Well, this both helps me be able to move towards FI, and is partially a result of that pursuit so I think it's relevant here. + +My company sucks with raises... if you keep up with cost of living from your hire date you're doing pretty good here. In the 10 years I've been here, my raises have barely exceeded COLA amounts overall (with raises not even happening each year, only promotion raises made it so I kept up that much). I'm still one of the higher paid people in my position/department however (while not a manager/supervisor, I make more than some people managing people in my position). I felt I was underpaid, but it's tough to decide on what to do about it, especially when I know that I'm paid \~20% more than we're hiring people for in similar positions (though with less experience and fewer demonstrated capabilities). So, here's the path I took towards getting compensated better. + +1. I researched what I'm "worth" in the market. There are many sources for this, and I used 2 primary sources: the bureau of labor statistics and payscale salary report. The BLS data is excellent, and more reliable imo, especially as you can get custom data including your job, it's pay range for the 25th, median, 75th, and 90th percentiles. The BLS also lets you "dip down" into that data and sort it by location and industry (my industry pays my position much higher than the general industry pay, so that's an important thing to have). +2. I researched my other employment options - for me none of these looked good as I'd either change industries (and then would be unlikely to get an increase in pay) or I'd have to move (not preferable since I have disabled/elderly parents here that I help out. +3. I evaluated my company's information that I know about, including our billing rates, the department margins etc (all data I have available to me). +4. I considered all of the above and realized I wasn't going to get "market rates" as they would be 15-20% above my current pay. +5. I came up with a plan to ask for an unspecified raise, AND to ask for "additional compensation" in the form of being allowed to work from home 2 days per week. This seemed reasonable and potentially achievable to me (though it was still asking a LOT with the numbers I was going to show my boss from the data sources above). +6. I then asked my boss if I could have 5-10 minutes of their time this week. I started that conversation by asking them to shut the door (don't need everyone listening to the conversation and I wasn't sure how it would go anyway). My boss looked a bit nervous and said "uh oh"... they had just found out that another coworker was putting in their resignation this week so I'm sure that was on their mind. I led the conversation as follows: + 1. It's not that bad, I'm not quitting or anything. + 2. I enjoy a lot of things about this job, then I provided examples of some of the best parts of my job and working in my department for this company (relatively generous PTO, new tech, good coworkers in general, flexibility to go to appts etc without having to use PTO). + 3. I then stated that my primary disappointment right now is with my compensation. I then explained that with my experience, capabilities, and education, I felt it was fair to say I'm above average in my position which they agreed with. I then showed the data for average and 75th percentile pay for my position along and stated that my pay being so much below that was something that made me seem unappreciated and well undervalued. + 4. With that stage set, I let my boss know that I wasn't asking for that 75th percentile pay and I didn't believe the company could afford to pay me it (a laugh and an agreement to that statement was immediate). I said I do feel I should be getting a fairly noticeable raise still, but since it obviously wouldn't be what I could get at a competitor there was another way I had thought of which could provide monetary value to me without hurting the bottom line - I'd like to work from home 2-3 days per week. +7. The end result was I have been informed I'll be getting a 6% raise and I can work from home 2 days per week moving forward (a HUGE benefit with traffic here). + +So, how did I work up the nerve to ask for a sizable raise AND to work from home part of the week, knowing that our company generally doesn't allow WFH and rarely gives more than a 2% raise without a promotion? I have FU money and knew that I could use it if things didn't work out in my favor (with a dose of "this undercompensation is really pissing me off" thrown in). + +I wanted to share the "path" I went through, noting that I focused on hard, verifiable data to justify my worth, while trying to engineer a solution that would be beneficial to both parties (my employer and myself). It was, imo, an "ambitious" request but I could make it because I am in a position that if it was received in the worst way possible (upsetting management and potentially costing me my job) I would still be fine. Maybe this write-up will help others take similar steps. + + +Of course, now I have to drop my 401k contribution percentage so I don't max out too early, and adjust my automatic investments to invest most of that raise... so there is some more work to do yet, but I won't complain about that stuff :) +About an hour ago I saw there was a post about ETrade processing the dividend as a stock split instead of the intended dividend. I can’t see the post anymore so does that mean it was proven wrong already? I was ready for something interesting to read +Good evening, + +TL;DR: Spy is going to dip below 205 by EOD 4/17. VIX will touch 95 by the end of April.First off i appreciate all the support I've been getting from some of you. BAN BET: **If VIX doesn't touch 95 by the end of April i will take a one day ban from posting for every person who comments saying "BAN”. However fair is fair, if VIX does touch 95 you get banned for an entire month. (Over one million of you and only one of me so i gotta even out the odds.)** + +First off thank you to all the kind souls leaving me nice messages. + +Now for all the haters. Oh i love it. Money is nice. But i enjoy the speculation game cause i get to pin my wit against the sheep. So i read your messages over a hot cup of tea, did a significant amount of research, and felt all riled up. So here i am acting cute and feeling frisky so I'm coming out with another ballsy bet. Spy is going to dip below 205 by EOD 4/17. VIX will touch 95 by the end of April. + +Here is the DD. + +https://imgur.com/G2eoTSs + +Here is a post made that shows the striking resemblance between the recent stock movements and the 1929 crash. + +Interestingly, a 27% drop from here would put us right at my support level (i will get to that in a second). + +Here we go. My DD. + +[https://squeezemetrics.com/monitor/dix](https://squeezemetrics.com/monitor/dix) + +I have been for the most part ignoring DPI on this drop. Historically it has been very accurate but on this drop it has been acting extremely wonky. Big buys and big sells where they shouldn't be and not predicting the market correctly. For this reason i haven't been offering it more than a passing glance. + +GEX however is crucial. The lower GEX dips the more room we have to drop (and the faster). I expect some real violence in the market so I am keeping a very close eye on VIX. + +/ES weekly: [https://www.tradingview.com/x/t0ipbVoY/](https://www.tradingview.com/x/t0ipbVoY/) + +You can clearly see how crucial of a zone this area is based on how price continuously hangs around this S/R level. We have been rejecting it consistently and i believe we are on the verge of breaking to a lower level. If we follow the great depression chart a 27% drop would put us at my 1850 (right around my next crucial S/R level). I see support kicking in somewhere around 1900. + +/ES Daily: + +&#x200B; + +[\/ES Daily](https://preview.redd.it/ehqxglq423q41.png?width=1017&format=png&auto=webp&s=3924554541bf316a21db2d952a23a10eac838187) + +You can see the volume compressing as we prepare for the next big spike. Chaikin is up to that critical zone of 0 and is breaking back negative now. Price has been in a bear flag and consistently rejecting that 2630 level. BB and kijun are adding pressure and pushing price down. + +/ES 4HR + +&#x200B; + +[\/ES 4hr](https://preview.redd.it/dzrmbgy833q41.png?width=1070&format=png&auto=webp&s=beb21675ff93ee1669af7d1cc24f64d9fbef40f2) + +Here you can see the price break out of the 4HR and BB have been squeezing for the big move down. Volume breaking out chaikin breaking down, RSI breaking down, MACD breaking down. Essentially all systems go. + +CL is losing its battle with $20 support. I have been saying it will go to 10 for awhile now and that is becoming more of a reality by the day. /ES will follow..... + +10 year treasury is on its last leg as well.... + +VIX is looking pretty and holding support in the area. This will look like a shit show but /VX 08' is the top left, /VX bottom left is now, VIX top right is 08', VIX bottom right is now. You can see the striking similarities and what will lead to the massive put buying that will launch VIX to 95. + +&#x200B; + +[VIX and \/VX comparison now vs 08'](https://preview.redd.it/31ne5pkn93q41.png?width=1443&format=png&auto=webp&s=6b1a4b804c0be853dc2f53c25011427394e6696b) + +Now i would like to make this call more interesting. I wanna make a ban bet on this VIX portion of my play. **If VIX doesn't touch 95 by the end of April i will take a one day ban from posting for every person who comments “BAN”. However fair is fair, if VIX does touch 95 you get banned for an entire month. Over one million of you and only one of me so i gotta even out the odds.)** + +This is a win-win scenario for me. I don't have to deal with everyone here who acts like an idiot if i lose and if i win i get a much quieter, much less stupider, subreddit for a week (and hopefully a humbler one). BONUS: Mods have to deal with the shit show that would be required to pull this off and everyone knows. Mods are gay. + +Have fun, good luck, **AND CHANGE THE DAMN LOGO.** + +This is simply my opinion. I am not your financial advisor and this is not meant for you to take as advice in order to position yourself in the market. + +Also here is some education. + +Sorry for the books being temporarily down. Had an issue. Also its under a fake name i used for that email (my spam email). + +https://drive.google.com/open?id=1Xksox8mqbi3jAnzMez8_K-a1udOT1-dF + +If the above link doesn't work try this. + +https://www.dropbox.com/sh/9fjw7k5gel26g59/AABR_NDL6MjZZ1os8ZNTTYkca?dl=0 + +EDIT: I’m working on another way to post the material. I’ll put it up by EOD. Thanks for the patience. DONE! + +Saturday update: I’m holding everything still. No change in thoughts. + +Sunday: Final VX support( I can already see the misunderstandings coming so yes I wrote that correctly. It’s the vix futures ticker) is around 35. Looking for futures long there. Expect a final market push to 2655. +To everyone declaring victory, it would be wise to wait till the final whistle before thinking the game is over. + +Monday update 1pm: in the process of loading up my last load of deeeeeeep OTM TQQQ positions. +Every persons positions/situation is different but one common denominator is true... scared money don’t make none. So short the pop....faggot ;) + +Monday EOD update: fam we about to eat good. + +Monday update P.S: I am getting a lot of panicky comments and messages. This should help clear the air. Today was March 4 2020 on /es. To explain my logic I am referencing squeezemetrics and how we tested the kijun-sen. + +Tuesday update 10:45am : more panicky messages, more haters. I’ll summarize. I AINT FUCKING SELLING. Fake pump=big dump. + +Wednesday 10:15am: looking for a red day today to confirm the shooting star yesterday. The war is almost won... + +Wednesday 4:50pm: this is such a weird position to be in. Remember being early is the same as being wrong. Based on tomorrow’s price action I may be rolling, selling everything and looking for re-entry points, or holding/hedging. Sometimes no position is the best position. Bears lost the crucial 2655 and now we are pushing higher, 2785 is key on weekly and monthly. We could see as high as 3125-2990. The important thing to note is no one is really sure what is happening so you need to be either out of the market or hedging so you don’t get killed. This was a pivotal day. Tomorrow will tell us more since a weekly candle is also closing. You have heard it a lot here but the market can stay irrational longer than you can stay solvent. I’ll probably be posting less and less this month (if it is to be the last) since this is getting more cumbersome as ppl get more annoying. + +BIG UPDATE: Wednesday late af at night: All you night owls wake the fuck up. Disregard my last update. I made a typical TA mistake by focusing on the smaller TF. Now that I acknowledged my mistake let me introduce you to my friend 2785. He is a nice guy. Top of his class (punny). + +Monthly:https://www.tradingview.com/x/nXiC6aAE/ +Notice where the Tenken/Kijun converge? 2785. Use Ichimoku on the monthly during both the 08 recession and the 00 recession and you will see how it is ALWAYS respected. + +Weekly:https://www.tradingview.com/x/NbijzYBF/ +Hello old friend 2785. Same. SPOT. Look how important that level was historically. Look the garbage volume on this fake pump. Here is another fun fact. 2785 is the EXACT 50% retractment from the previous move. + +Now lets talk time table. +Daily:https://imgur.com/jK6XxtV +Ok first of all. Look at the compression on chaikin. Looks like it has about a week before she pops. Look at the obnoxious oval directing you to the chikou span. That has about a week before it touches the price, about the same time before price encounters the cloud (obnoxious rectangle). Bonus point: spot our friend 2785 in the cloud). Also notice the crap volume compression on this rise? It is already starting to rip as big players offloaded the day before yesterday. +What does it all mean? I AINT FUCKING SELLING. I am gonna roll all my shit because it is hotter than a fucking fresh tamale. Watch price action around 2785-2825. By the end of next week this shit may start cracking. This obviously means that i am almost certainly wrong about the 205 by 4/17. But i always said the timing is the most difficult thing to set up and i was trying to do it 3 weeks out on the dot. My VIX bet tho is very much in play.... Do what you please and i appreciate all the nice messages i have been getting and ill try to keep ignoring the mean ones. Lets see how this turns out! + +Ironically if you actually saw my last posts you would have see that i already basically predicted this top when i was seeing the bounce coming.... Just shows you to stick to the big picture/game plan +https://www.reddit.com/r/wallstreetbets/comments/fmzu51/incoming_bounce_vix_puts/?utm_source=share&utm_medium=web2xGL + +Update Thursday morning: I got out of everything that was short dated that i could on the minor pullback at open. Rolled over what I could. Bloodbath out there. +I am looking to beef up my position in mid May-ish depending on price action and where it hits the targets. We are in this critical zone and markets are wild and extremely volatile right now. Push ups can be expected. Waiting patiently to add to my position when I see exhaustion. I am under the impression that it can push up until 4/17 and up to 2900. Perhaps some sideways action and then the drop... if you look at the daily chart again you can see why I think that. + +Going live to discuss today at 12 est +https://www.twitch.tv/wallstreetbooyah + +4/12/2020 12:45AM What can i say i like doing my research late at night.... +As i explained numerous times before, now i am providing more detail regarding where the potential top can be but remember we are clear to drop at any moment... + +Here is where we are from weekly +https://www.tradingview.com/x/w23Yph7g/ +Notice how we closed below the tenken/kijun 2785 that i listed. Next week max top potential 2898. + +Daily for better TF; +https://www.tradingview.com/x/GB31CHs4/ +By Wednesday max top 3046 +By Friday max top 2888 + +For those who catch on quick are seeing it's not a question of if we drop but from where. We are clear to drop at any moment. I believe it has to happen at the absolute very latest 4/20/2020. The only way my analysis is invalidated is with a daily close above the cloud/weekly close above 2898. Watch volume veryyyyy closely. If you see abnormal volume (extremely low/extremely high on /ES daily) then we are heading over the cliff. Bulls are living on borrowed time IMO... + +EDIT: updated some of the numbers for 4/12/20. Thanks to u/ModernAristois for pointing out that i was mistakenly using the wrong settings (was fiddeling with settings late night and forgot to reset when I was posting the pics/giving the targets). + +4/15/2020 +I bought a batch of TQQQ puts. Still have 2 loads of Ammo left. Will sell all at the latest end of next week if we break through the cloud and the trade goes against me. We will see what happens. No change in logic. Watch for spike in volume on a red day and rejection on cloud. + +4/16/2020 +New core position taken and maxed out per my strategy restrictions per trade. I will sell everything if I’m wrong at the latest sometime next week. If I’m right, it’s going to happen really soon or not at all. This is probably my last update/post before either gainz porn or a final sell-for-loss update/surrender. As always watch the daily cloud, watch CL, and watch volume. +EDIT: the core position was in TQQQ puts + +4/17/2020 +Truly my final edit for this. Check squeezemetrics today. I have a shot at being right :) + +GL and stay safe. I am not your financial advisor +In a move that promotes industry collaboration, The Digital and Blockchain Foundation of India (DABFI) and the IAMAI merged in November 2017 with the aim to popularize blockchain technologies in India and build an advocacy platform for cryptocurrency in India.  + +This is positive and bullish news, and it is sure to drive up investor confidence and in turn, bring in fresh funds into Bitcoin. + +Full report at - + +https://factordaily.com/degree-certificates-india-blockchain-project/ +The landlord turned off the gas to repair something, and it’s going to be about a week until they get someone out to inspect and turn it back on. + +We have a gas stove so I can’t heat up anything that way. I can cook with microwave and toaster and grill outside, and we have one space heater. It’s cold without heat but it looks like it’s gonna be in the 40s-50s this week so we’ll survive. But the big problem for us is gonna be showering. + +Please share any practical suggestions or mind tricks for making this more comfortable! +[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 + +&#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! + +**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) +[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 + +&#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! + +**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 have read the below statement from the book: The Intelligent Investor. but i still couldnt digest the real meaning of it. Can someone help me understand it? + +"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact." + Why is LEAPS only ROTH IRA a bad idea? If you are bullish on certain stocks in the next 2years, wouldn't it make more sense to buy LEAPS deep ITM instead of stocks (considering the risk to reward potential)? When the LEAPS are 6months DTE, you could roll them? Meanwhile, you could do PMCC on the LEAPS? + +Note: There is a $6k limit per year, but you could roll over your 401k Roth balances from your previous companies, making your ROTH IRA balances significantly higher than yearly $6k contributions. + +Edit: Irrelevant to the main topic. But I meant 401k Roth Rollover not Traditional. +The reason I mentioned ROTH or Traditional is, closing/rolling leaps or buying/selling stocks has no tax implications. I request the main discussion to be focused on LEAPS vs Stocks than ROTH or taxes. +Self managed discount brokers have been very hot recently pushed by young adults. Looks like if you are a young adult trading on the market, you fit the “Robin hood” category. A lot of analysts was explaining the big push of Tech stocks during the dip recovery due to this new generation of Robin hood trader. That is the explanation for Tesla and NIO having an “overvalued” price. + +However, anyone who has financial knowledge knows that small retail investors do not have a significant influence on the market. Do you really think that the most broke generation, investing their 20k, can alone push the market so high? The big players are the pension funds, endowments funds, investment funds, hedge funds, corporations, all the boomers got a shitload of money. + +So I don’t understand why I see sometimes financial guys on TV mentioning “Robin Hood Traders” when they are trying to explain a high valuation of a certain stock. I am sure it is a drop in the sea, it is not like Robin Hood traders were the FED being able to print money at an infinite rate to put in their beloved stocks. +This is important so you do not get ripped off!! + +Within 2 months of the MOASS there will be deep deep discounts as SHF managers need to sell their personal property. You'll be able to pick it up for pennies on the dollar if you wait a little bit! + +Further, that lambo is likely to get a discount too. Art? You betcha. Any rich person thing will be discounted!! + +Take every damn thing from them for the lowest price :) + +Buy, hold, vote + +Live, laugh, love +Hi all, + +I'm fairly new to investing. I'm reading some recommended materials; reading A Random Walk Through Wall Street and listening to The Intelligent Investor. I've started trying to read through some earnings reports to learn a bit about the space and how to do my own research. + +Some stocks of interest to me are the auto stocks; Toyota and Tesla to be precise. + +My understanding is that the P/E is the price over earnings. This number doesn't seem to be handed out per stock. Some seem to automatically calculate it? How is this done? For instance if I google "Tesla stock" I get the P/E value of 1318. + +If I google ATT (T) I don't get a P/E value, which I assume means I need to calculate it myself from their earnings reports? + +Also, playing with the numbers and trying to figure out how Tesla (a $730B market cap company) stands up next to Toyota (A $227B market cap company) I came up with the following: + + $835 / earnings = 1318.42 + earnings = $835/1318, which would be $0.63 per share (TSLA) + +This is interesting to me. Because if we do the same for Toyota: + + $140.49 / earnings = 14.56 + earnings = $140.49 / 14.56 = $9.65 earnings per share (TM) + +More interestingly, if I try and apply the PE of TSLA to Toyota, I get the following: + + 1318 = price / $9.65 earnings per share + 1318 * $9.65 = price + price = $12718.7 + +This would bring Toyota's market cap to $20.6T, which I think we probably all agree would be ridiculous? + +The more interesting thing is I took Toyota's P/E and applied it to TSLA + + 14.56 = price / $0.63 earnings per share + price = $9.17 + +This would bring Tesla's market cap to $8.7B if my math is right. + +I guess the point of my post is to ask, what gives? Are PE values in excess of 1000 for large-cap companies ever justified? Speculatively, is this sustainable? Who is this value coming from? + +I'm far enough in the books I mentioned to understand that growth is an important part of the equation when valuing a company, but I'm really trying to make sense of this. In general everything in my logical being tells me Tesla's stock is way, way overvalued, but everything in my gut is telling me "It doesn't matter" and that it's going to continue rocketing, because when I'm out on the road, I see Teslas. My coworker making $70k a year? Tesla Model 3 Driver. My boss making a few hundred thousand a year (I'm a software engineer)? Tesla Model S Driver. My wife making a few hundred thousand a year? Tesla Model X driver. + +Toyota on the other hand has a lot more market share on overall cars. More people objectively drive Toyotas at the time of this posting. Even though Tesla's are becoming more common, and they seem to be "affordable" if you go with a Model 3, there are more Prius on the road at this point, I believe. + +Some general questions: + +* I have felt like I missed the bag on TSLA a few times. At what point does the market stop tolerating this? Isn't the idea on a growth stock that eventually the P/E will balance out? It doesn't feel like that will ever be the case on Tesla. Does this mean the future of a "successful" TSLA would eventually see a Tesla valued at a few trillion with a <= 100 P/E ratio (which I still feel is high)? +* "Who" are the investors who have propelled Tesla as such? Most people I talk to about Tesla in general talk about how they can't afford to buy stocks at $300+ a share. Most individuals I know go the Random Walk route and invest in the S&P, which I suppose "indirectly" invests into TSLA. I suppose I mean to ask, are these primarily retail investors, or hedge funds? +* Are there any previous Tesla's in history I'm missing? A Random Walk brings up the South Sea Company, and the Tulip Bulb Craze. I'm only 33, so I'm a bit curious if there's been anything like this before in that: Tesla IS successful, and it trades very high. Has anything in this situation "failed" before? + +Pardon my ignorance on these topics. I am genuinely trying to learn some of the psychology behind this and would greatly appreciate others' 2 cents on the topic. I know Tesla as a stock is probably a controversial topic, so I tried to provide as much "math" as I could to back up what I'm saying. Also, if I'm wrong, or not seeing the overall picture, please enlighten me. I'm here to learn. +Wanted to get your opinions on the matter. Just read this article that highlights salary jobs equivalent of a $15/hr job. Regardless of the article, the issue hits home for me as I run a Fintech Startup, [Intrinio](http://intrinio.com), and simply put, if min wage was $15, it would have cut the amount of interns we could hire in half. + +Here's the article: http://www.theblaze.com/contributions/fast-food-workers-you-dont-deserve-15-an-hour-to-flip-burgers-and-thats-ok/ + +It seems to me that the Mexican drug dealer can get their business listed on the US exchanges, as long as they don't have assets in US. + +Anyone please explain? +Any one looking into nuclear energy and any ETFs that focus mainly in Nuclear energy? + +Thinking of going long and haven’t really heard much chatter about it. There’s going to be a lot more EV’s on the road. It’s got to be powered somehow. +It's been a heck of a December and as someone in their first couple years of investing, it's big ol pill to swallow. + +I've got a fairly diverse, CCP-like group of holdings and I've been on the sidelines for a couple months. + +Average down on something like TD or BMO? + +They're too big to fail and 2025 me would probably appreciate having gotten in at a smokin price. + +Thoughts? +I only own stocks/ETFs and have never owned any bonds. When people say bonds are low, are they referring to the yield? Or the cost of buying the bonds? (…or both?) + +I keep hearing bonds are not doing great right now…like stocks, does this mean it’s a good time to buy and add bonds to my portfolio? + +Also, what are the benefits to buying Canadian bonds? Is there a certain account I’d want to put them in? (TFSA, RRSP, Margin?) + +Thanks and sorry for the total noob question! +I am looking to buy and hold US Stocks through a Questrade RRSP or TFSA account using Norbert's Gambit to avoid the conversion fees on WeathSimple. + +I'm having trouble finding out what the tax implications for buying and selling US Stocks in this way. Do I need to file US taxes? Or do I just get charged Canadian tax and capitol gains from the dividends/growth of the investments? + +Thanks for the help! +This should be a huge black eye for this company - even me, a nobody sitting in Canada, understood how protectionist and difficult the French government is with foreign takeovers, *especially* with such a large, well known entity (like Carrefour). Couche-tard didn't know they'd be facing this resistance, and now they're abandoning their efforts already? Utterly embarrassing IMO. + +Now we shall see if the stock rebounds to where it was pre-announcement (I bet not) + +* * * + +Canada’s Alimentation Couche-Tard Inc. and Carrefour SA broke off talks on a proposed US$20 billion deal in the face of strong opposition from France’s finance minister to the tie-up, according to people familiar with the matter. + +The decision to halt negotiations came after top executives of the Quebec-based convenience-store operator flew to Paris to offer the government several sweeteners: billions of euros of investment in Carrefour stores, no job cuts for at least two years and dual stock listings in France and Canada. + +It was not enough to persuade Finance Minister Bruno Le Maire, who told executives in a private meeting Friday he was standing by his position that a takeover would be bad for France. Earlier, Le Maire said on BFM TV: “To sum up: it’s a no. A courteous no, but a no that is clear and definitive.” + +Couche-Tard executives are flying back to Canada after the failed talks, the people said. While discussions are on ice for now, they could be revived later if the government changes its position, they said. + +Representatives from Carrefour and Couche-Tard did not immediately reply to requests for comment. The decision to stop negotiations was reported first by Reuters. + +A merger would have created a retail powerhouse, combining Couche-Tard’s North America-focused network of 14,200 convenience stores with Carrefour’s sizable European operations, which include hypermarkets and smaller outlets. Carrefour has more than 7,000 convenience stores and gets almost all of its revenue from Europe and Latin America. + +Couche-Tard, Canada’s largest retailer by market value, faced hurdles from the outset for its offer of 20 euros per share. Le Maire signaled that even if both parties agreed to the transaction, regulators might still block it. Carrefour shares fell 2.9 per cent to 16.61 euros in Paris on Friday. Couche-Tard rose 4.8 per cent to $37.98 in Toronto. + +Political Implications + +For French President Emmanuel Macron, the political stakes are high with local elections later this year and presidential ones in 2022. The campaign is already on, with his handling of the pandemic making him open to criticism. The loss of a well-known French company to a foreign takeover could fuel nationalist Marine Le Pen, his primary rival for leadership. + +France has often objected to foreign attempts to take over its blue-chip companies -- frowning on talk of an approach from PepsiCo Inc. to yogurt maker Danone SA in 2005, for example. + +The bid for Carrefour was especially sensitive because it is France’s largest private employer. On top of that, the pandemic has thrust jobs and the nation’s food supply to the top of the political agenda. + +Some Couche-Tard analysts had questioned the deal’s strategic rationale and said it wouldn’t create significant cost savings as there’s little overlap between the two companies’ store networks. Both retailers’ bonds had slipped on concerns that the deal would swell the combined company’s debt burden. + +The brutal ending marks the second time in nine months that Couche-Tard has come close to a major takeover, only to see it fizzle out. + +In April, the company cited the pandemic as a reason for walking away from a US$5.6 billion proposal for gas station chain Caltex Australia Ltd. (now known as Ampol Ltd.), ending a six-month pursuit. Its largest acquisition to date is Texas-based CST Brands Inc., a rival chain it agreed to buy in 2016 for about US$4 billion. + +https://www.bnnbloomberg.ca/couche-tard-and-carrefour-said-to-abandon-takeover-talks-1.1549409 +My investing/trading experience has been relegated to my spare cash (thin due to my conservative business cashflow approach. Now I can be more aggressive/exposed). + +I aim to have 65% in low-risk, 22.5% in medium, and 12.5% in high risk holdings. + +*thoughts so far⬇️* + +Low risk: +- decent compounding bond/bank account with AAA status, maybe even bonds or treasury bills, is where I have my sights. + +Medium: +- a well diversified ETF, broad market S&P/TSX, or a more specific fund like YDV, with blue chip names exposed to secure markets. + +High risk is already accounted for. + +(I'm in my late 20s, Western Canadian, wife, no kids, no liquid assets [aside from this new cash], and have grinded my ass off for a few years to get here. I love this sub and know there are some legit minds that I hope can contribute here 🙏) +It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. + +Yet people still invest in this centralized chain. + +Litecoin for example (and I am sure there are many other examples that people can name) has had 100 percent uptime with literally no hacks or exploits, yet people instantly dismiss. + +It brings me to the conclusion that we don't really care about fundamentals in the crypto space, only juicy profits. + +So it brings me back to the original point of this post, why an earth are people investing in SOL when it is the least secure and reliable chain in crypto? +Hi, I'm pretty new to investing and i've been doing a fair bit of research in to different ways of creating a portfolio, just wanted to see how you would improve it, i'm quite a big fan of US tech and think it'll continue to do well, i'm planning on investing a £1000 a month in to a trading 212 isa. With the below + +\- £650 - QQQ Nasdaq ETF + +\- £250 - Scottish Mortgage Investment Trust + +\- £100 - Gold so potentially Greatland Gold, POLY or SGLN, - not exactly sure which one to choose as i'm not too familiar with it just for currency fluctuation purposes for having QQQ. and understand it might be at it's highest now but something i'll hold on to for 10-20 years. + +I was tempted to have the VWRP ETF and Scottish Mortgage trust at a 75/25 split but wanted something a bit more riskier. I also assume that the tech sector would be quite big in the VWRP and potentially the sector that's made the biggest returns? + +Please provide feedback on what i could change to make it better? I was contemplating on having £50 spare a month to put in to an individual stock every so often but don't think it would make a massive difference tbh with the volumes i'm trading at. + +Thanks! +Edit: Messed up the title. Index funds allowed - just no equities! + +I love ETFs and long-term value investing. Getting a relatively safe 5% with a low cost index tracker has been my go-to for the past decade and given the market, it's worked well. I currently have a decent principle invested, and use the interest to fund living expenses like rent. + +That said, if you think equities are currently overpriced, what's the best way to bet on this? If you believe commodities to be massively underpriced, is there a way to put your money into a similar kind of ETF and get that similar 5% (assuming it performs as predicted) + +Cash is obviously one way to hedge the market, but that wouldn't give you a yield that you could withdraw/live on. +Hi guys, I am brand new to investing and have spent a good week going through all of the recommended readings and videos (as much as I could and will continue reading more). I also have been reading most of the posts on here daily to keep learning more. + + +I am struck however by how many people aren't following what seems to be the simple advice of creating a portfolio consisting of simply 1-3 index trackers (global) and some government bonds with different percentages highlighting your risk ratio. + + +Most posts seem to be porfolios with loads of different stocks and discussing what to buy and sell, do most on here think they can beat the market or is it just more enjoyable to play with? + + +I have a question regarding the most tax efficient way to invest surplus company profits. + +I am under the impression that it should be done through setting up a second company for the sole reason that if/when I come to sell the main company I can still benefit from Entrepreneurs Relief. + +Assuming this to be the advantage, I have heard this is how to do it: + +Open a separate company and receive the money as a loan from my existing company. Then arrange a (commercial?) rate loan over an agreed timescale, with a signed loan agreement, with no obligation to payback the loan. This allows the original company to be benefit from ER as long as the loan is paid back in full. + +This is covered here: + +[https://www.foxymonkey.com/how-to-invest-your-company-profits/](https://www.foxymonkey.com/how-to-invest-your-company-profits/) + +But, as you have to pay the loan back upon sale of the business is this really a good way to go? It seems as if it would make sale of the core business difficult as the money would all go back into the business you wish to sell. Moreover I was intend to keep these investments after I sell the core business in order to fund my retirement. + + + +I am not sure this is an advantage. Therefore would one I be better-off simply investing in stocks and shares now using my core business? + +As stated above I have heard this can effect the company trading status which I believe could be costly when it comes to sell the business because of losing the right to Entrepreneurs Relief, and/or it may attract more tax in the interim. I am not 100% sure on this, or if it really is a financial disadvantage (compared the the time and cost of managing the money flow and accounting of this 2 company scheme). + +Some clarity from those in the know would be wonderful! It is all very confusing and accounting is not my strong point. + +Thanks for reading. +In the targets thread u/Galironfydar mentioned Games Workshop, so I thought i'd see if anyone else had any thoughts. + +I invested in GAW after their recent results came out in July. I'm absolutely kicking myself for not getting in earlier. It's maddening. I'm also a fan since I was a kid, and I saw their share price keep going up recently, but never took it seriously enough to actually look into it (Investing in toy soldiers? madness). Stupid stupid stupid me. Still up about 30% on my initial investment though. + +On paper they're a ridiculously great investment. Huge margins, massive ROCE, zero debt, highly cash generative, low capital requirements, and a nice quarterly dividend. They trade on a relatively sensible multiple - 21x earnings is obviously on the high side, but it's not crazy. + +The company also has one of the biggest moats in the world. Their large, growing, loyal fanbase just keep buying their products. Other companies can create models and games, but can't compete with the decades of worldbuilding. + +Negatives? It may well be that their growth over the last couple of years is unsustainable. It's possible that last year's 40k release is making their numbers look good, and profits will drop this year. It's also true that discretionary spending like this takes a hit during recessions. + +But their management seem on the ball, they have several smaller new releases coming out this year, and even if profits do drop in the short term I think their long term prospects are good. These days "geeky" pursuits are far more acceptable than they used to be, and they're reaching more and more people every year. +I did a search but didn't find many useful posts that are recent. + +I believe that dealing with Freetrade.io commission free means your buy/sell order will happen at some point later, along with other customers. Apparently, you can pay for immediate execution however. + +What I've not seen is whether you buy/sell at the price at the time you made your order or if it's the price when the order executes? + +I've also not found what the fee is for immediate execution? + +Finally, there's a link in the Freetrade.io FAQ to a Google Doc that lists the available companies that shares can be bought in, there's only 125 UK companies, is that really the number of companies or is the list just outdated? +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! + +I have noticed that VWRL is a massively popular global fund and that most people predominantly when looking at investing are in it for the compounding over the long term and VWRL is up there with one of the biggest GFs + +I understand VWRL and VWRP are essentially the same fund with RP being an accumulating and RL as a dividend. + +There is minimal information on RP and I believe it may be because its not on Vanguard where many invest? + +My question is mainly why do many favour VWRL when there is an accumulating version and tje general consensus is accumulating is 'better' + +Also if they are the same fund, why are the charts/daily and weekly graphs so different? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hello, + +The core of my investment portfolio is in vanguard's global index trackers, also I have an emergency fund, pension and no debts. Recently I have been thinking about allocating a small sum to actively managed funds just out of curiosity using HL - this is not money planned to be used in any future plan. I am planning to buy some Lindsell train funds, but I was wondering, is it too late to join the party? Because I know that once some actively managed funds become too big it is very hard to keep the edge as the fund size become too large to invest in small/medium-sized companies. + +Any recommendations are highly appreciated. +Hello, + +The core of my investment portfolio is in vanguard's global index trackers, also I have an emergency fund, pension and no debts. Recently I have been thinking about allocating a small sum to actively managed funds just out of curiosity using HL - this is not money planned to be used in any future plan. I am planning to buy some Lindsell train funds, but I was wondering, is it too late to join the party? Because I know that once some actively managed funds become too big it is very hard to keep the edge as the fund size become too large to invest in small/medium-sized companies. + +Any recommendations are highly appreciated. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hi Team, I have been thinking a lot about the death of cash. I am going to buy more PayPal Visa StoneCo. I have been thinking about how the death of cash is accelerating due to COVID and how some countries are further along than others. +What really interests me is what will happen to cash in hand jobs, the second hand market, black market and even criminals who buy and sell illegal or stolen items. +I can’t imagine these naughty people will simply become good over night, they will still trade. So how will they trade whilst trying to evade traceability and tax? +I wondered about the use of crypto currency, or gold even. +So team I ask you (from an financial maybe even investment perspective ) how will the black market cope with the death of cash? + +Edit +What I mean is what will the average Joe use to transfer small amounts of money. For example let’s say you wanted to buy some small amount of +Weed. What would a small time dealer use for money transfer, when there is no more cash? + +You say crypto currency, but how will that manifest in an easy accessible untraceable form? + +Also I’m not suggesting that criminals use PayPal or stoneco or visa. I’m investing in those because of the move towards a cashless society. And ... I’m asking what will be used for money transfer in a cashless society for untraceable perhaps illegal money transfer. +Hi all. +I’m 18 years old now and have about 3k in a savings account. I have been reading about stocks and investments for about 1-2 years now and think I am finally going to pull the trigger. +I am hoping to just put it in an S&P 500 tracker. +My plan is to use Freetrade.io as there are no fees (I won’t need an ISA account for a few years bc I won’t be over the capital gains allowance right?). + +I had been looking at £VUSA. + +Before I do this, I would just like to check a few things. + +Firstly, are there any reasons not to use use Freetrade? + +Secondly, I realise “time in the market is better than timing the market” etc. but is now a decent time to buy in? The market has dipped but the pound has also dipped this year and if the £ raises too fast would I see losses? + +Also, would it be worth putting some money in a FTSE tracker or a higher risk investment as I am still relatively young? + +Sorry if these are stupid questions. Thank you in advance. +I’m tempted by GSK as a quality value and long term growth pick. Good yield while we wait for any share price appreciation. Pretty defensive and moat-ish.. Also trading at a low historical p\e so decent entry point right now. +I’m no pharma expert so can’t really comment on that, but seems like a good sector and company with leading brands and plans to split the company to get greater focus. + +My only thought is, traded sideways for a long time. Anyone already holding? Or plan to? + +My goals are long term growth mainly through global market ETFs with additional weighting to specific markets, sector or individual stocks I like the look of. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Basically the title. Is this essentially what people need to hit income-wise to live on their own in a major city? And is it a *hard* requirement for most landlords? If so, I think I may have to co-sign for an apartment to make this work. + + +In a Bsc jungle filled with danger around every contract, the BabyFEG founders wanted to make sure all holders were safu and could ape with confidence. This is why within 72 hours of launch BabyFEG founders had a tech audit completed to ensure a truly safe place for the FegArmy and all other investors to grow their investment portfolio. + +With a strong community of BabyFEG holders growing by the minute, it’s only a matter of time until this the original FegArmy takes notice and this market cap will be 10 million overnight. + +This is the best rewards token on the bsc right now, and it’s only going to get better. + +Here’s all the BabyFEG info to help get yiu started to earning passive income by holding BabyFEG + +Contract : 0x5e8f1ac3930461a467c3a4fa349d7cfa6f211c8f + +BabyFeg Info: + +* FEG Rewards paid out automatically +* 15% Tax +* 7% Reward +* 5% Marketing +* 3% Liquidity +* Total Supply 100,000,000,000 +* Telegram: https://t.me/baby_feg +* Website : https://babyfeg.io +* Twitter : https://twitter.com/baby_feg +https://www.cnbc.com/2020/03/29/mortgage-bankers-warn-fed-purchases-of-mortgages-unbalanced-market-forcing-margin-calls.html + +Unintended consequences from the Fed buying $250 billion in mortgage backed securities over the last two weeks. Seems like even the trade group, Mortgage Bankers Association, may have initially overlooked this. +So as the tech industry booms away and the bull market for the time being seems to be continuing, what is everyone’s opinion on the resurgence of airline/travel industry for 2021 and when people can travel again? + +Surely the airline industry will pick up again with people flying globally again. Few of the stocks I looked at are; + +UAL - United Airlines Holdings. +Current Price: $48.36 +Price pre-covid: $90+ + +DAL - Delta Airlines +Current Price: $41.74 +Price pre-covid: $55+ + +AC - Air Canada +Current Price: $26.16 +Price pre-covid: ~$50 + +AAL - American Airlines Group +Current Price: $17.05 +Price pre-covid: ~$25 + +LUV - Southwest Airlines Co. +Current Price: $45.88 +Price pre-covid: ~$54 + +SAVE - Spirit Airlines +Current Price: $26.23 +Price pre-covid: ~$38 + +Am I the only person thinking that 2021 into 2022 will be booming for the travel industry? Everyone who has missed out on trips, all the young people who go backpacking to figure out who they want to be, all those that couldn’t see family for over a year, with the whole economy picking back up. + +Now some of you may ask if I’m so bullish on the travel industry and airlines in particular, why did I wait til now to consider them? Particularly the uncertainty regarding covid and how long the solution will take. With the vaccine here, we’re still at least 6 months to a year out until normal is a thing, in my opinion, but some of these stocks still have massive upside, no? + +For example UAL, one of the largest airliners in the world. Currently about half the valuation it was pre-covid, surely there must be a 50% upside in the next 1-2 years? Even if there is a 50% upside it would still only be about 75% of its valuation it was pre-covid. I can definitely see some of these companies returning to permanent levels below where they were before, because of the uncertainty and risk of something like covid happening again. + +Am I crazy or are people also bullish? Any discussion would be appreciated. +Gold futures rallied on Monday, sending prices up by more than $80 an ounce, or 5.6%. That marked the biggest daily dollar climb for the most-active contact, based on records dating back to 1984, and largest one-day percentage rise since March 2009, according to Dow Jones Market Data. Weakness in the dollar, which dropped in the wake of the Federal Reserve’s decision to purchase an unlimited amount of Treasurys and securities to support the financial market, provided a boost for the precious metal. April gold GCJ20, 5.059% rose $83, or 5.6%, to settle at $1,567.60 an ounce. + +https://www.marketwatch.com/story/gold-gains-more-than-80-an-ounce-to-mark-largest-daily-dollar-climb-on-record-2020-03-23?mod=home-page +Background: couple in tech (no kids). Been working for 5 years since college. And because we just finished our taxes — we found out that we made 900k+ last year and we’ll probably cross 1M/year in income and 2M in net worth in 2020. + +Our current dilemma is about when to buy a house. We are comfortably renting a place for 4k/mo right now. But in this crazy market, to buy an equivalent house, we’d probably need to pay 1.7-2M. Buying that would effectively increase our spending on housing related expenses by many folds. The math just doesn’t seem all that appealing. + +To the folks here who are in a similar situation in a VHCOL area: did you wait after you’ve saved enough to qualify FatFIRE (3-4M) before considering a multi-million housing purchase? Did you take on a large mortgage or shell out a large chunk of cash? Did you stayed renting to avoid large lifestyle inflation? Or did you make a completely different call? + +Our ultimate goal is to get to FatFI at 10M. Taking the money out of the stock market in our 20s will likely set us back by a few years... Not sure if a house is worth it. +So my wife and I were right on schedule with our (moderate) planned fat fire in ~6 years +1. Sell our house in the Bay Area +2. Move to our vacation home in Hawaii and pay off the mortgage (with a substantial amount left over for whatever ) +3. Travel in style 3-6 months per year financed by STR of our Hawaii home and our expected 100k to 150k yearly income +4. No worry about leaving an estate + +We had made peace with being DINKs after much time and money spent. + +While we couldn't be happier with our baby news, it has sent our plans to the wastebasket +The nomadic life of earlier plans doesn't seem fair to a child. +Moving full time to Hawaii seems likely to limit their economic opportunities and the necessary expense of private schooling feels like a burden + +Our two options seem to be working 5 more years to afford to stay in the Bay Area ( not really enthused about that ) +Or moving to a MCOL Bay Area substitute ( have no idea where ) that still affords economic opportunity. + +Anyone who has RE with late in life child have ideas or can share experiences? + + + + + +So a couple month back I was short on cash and got an installment loan online. After trying a few places and getting rejected multiple times I was kinda desperate when I came across a place that did no credit check and approved me for $700. So skimmed over the contract seemed all legit payment would be $170 every 2 weeks until paid off so I signed and recieved the funds the same day. Later that day i looked a little more through the contract at the final payment date and did the math and didn't add up... So then I completely read it word for word and noticed a paragraph with super fine print saying ( by signing this contract you agree to an initial enrollment fee of $1500 on top of the 700 I borrowed so really it cost me $2200 to borrow 700$ plus all the interest over the last few months. Thank god the next payment is the final one because FML that was an expensive mistake +Just a wild bounce back. And im 90% sure it was because of technicals. The s&p broke below the 200 day EMA for the first time since may 2020 and then within 3 hours rose 5% to get right back to the 200 day EMA. And if you go weekly intervals, the market just barely goes past the 60 week EMA, for the first time since may 2020, and then shot back up. + +I cant imagine what news or info could cause a 5% selloff today, and really dont know how we could go from that to a relatively normal day. So im thinking it has to be on technicals that we would get such a drastic bounce back up. + +This could be the bottom if mega cap has good earnings, what im leaning towards. What do you guys think, or was there some big news i missed today +I have lost count of the times I have seen people comment saying BTC and ETH are too expensive to invest in and it does not make financial sense to invest in something valued so high. This is generally followed up by individuals saying it is more worthwhile and financially sound to invest in cryptocurrencies under $1. There is a believe that this will have a chance of doing what BTC did and 50000x in price. This is of course fundamentally flawed. + +There is only 1 area of this logic that I can agree with. It is similar to small cap stocks/penny stocks. They have MORE room to grow in the sense they are VERY early on and if it is an extremely solid project and marketed right, this has more financial reward. HOWEVER, and this is a monstrous HOWEVER, actually successfully picking this gem of a project is extremely difficult and the sheer number of these projects that are scams, shitcoins is high. Look at the number of alt coins from the 2017/2018 bull that have disappeared and they were highly regarded in the space. And even if you pick a fantastic project, it doesn't even mean it will succeed. People leave jobs, marketing fails, the public don't invest etc. + +Ultimately, it doesn't matter what the price of the cryptocurrency is. You don't have to buy a WHOLE BTC or ETH. if you have 1 BTC or 0.01 BTC, a 100% gain is still double your money. This is the same for a 100% gain in BTC valued at $57000 or VET valued at $0.20. Both would net you the same profit. And no, VET is never going to get to the same price as BTC, that would literally require astronomical amounts of investment to do. + +If you are a new investor, and actively investing in this space. Please don't make this mistake. Don't let greed and a fantasy of a better life blind you from reality. A low-price coin does not give you better odds of making better returns, more often than not, I'd actually argue it will give you less. +Let's say I have a loan of 179k @ 6.9% + +The minimum payment is $1189.69 which pays it off in 30 years. + +My 360th payment would be 30 years, I would have paid a total of +$428288.40 which would mean that I paid $249287.83 in interest. + +&#x200B; + +However, If I instead pay $2000/month I will have paid everything off on my 127th payment for a total of 254000 which is only $74701 in interest. + +&#x200B; + +By paying an extra 900/month I saved $174586 (nearly the entire amount of my loan to begin with). + +The 900/month over 10 years cost me $108,000 + +&#x200B; + +How would it be possible to convert $108000 to > $174586 + +&#x200B; + +In order to use that $900/month to earn more then I would have saved I would need 6%> ROI >7% + +There is no safe investment with that high an roi. CDs/ Bonds/Etc generally have ROIs of only 3 to 4% + +&#x200B; + +Wouldn't it be better to get a guarenteed 7% ROI by paying off my mortgage rather then roll the dice on riskier investments which are considered 'Good' at 7%? Like, if everything went according to plan I would end up with the exact same savings with a small chance of having saved more but also a good chance of having not saved that much... + +&#x200B; + +IDK... to me it doesn't seem like such great advice to not pay the mortgage down. With previous mortgage rates in the 3->4% range it makes sense, but as far as I can tell... with todays high mortgage interest rates it seems better to just pay down the mortgage. +The FICC ("Fixed Income Clearing Corporation") \[[Investopedia](https://www.investopedia.com/terms/f/ficc.asp), [Wikipedia](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Fixed_Income_Clearing_Corporation)\] and NSCC ("National Securities Clearing Corporation") \[[Investopedia](https://www.investopedia.com/terms/n/nscc.asp)\] are subsidiary clearing agencies of the DTCC for fixed income assets (like US Government Securities (e.g., Treasuries) and mortgage backed securities (MBS)) and securities (e.g. stonks). + +Both the FICC and NSCC just filed proposals to the SEC for comment on how the FICC would designate uncommitted resources as "**Qualifying Liquid Resources**" \[[SR-FICC-2022-008](https://www.sec.gov/rules/sro/ficc.htm#SR-FICC-2022-008) [34-96210](https://www.sec.gov/rules/sro/ficc/2022/34-96210.pdf) and [SR-NSCC-2022-013](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-013) [34-96219](https://www.sec.gov/rules/sro/nscc/2022/34-96219.pdf) both titled "Notice of Filing of Proposed Rule Change to Amend the Clearing Agency Liquidity Risk Management Framework to Include a New Section Describing the Process by Which **FICC Would Designate Uncommitted Resources as Qualifying Liquid Resources** and Make Other Changes"\] + +# Qualifying Liquid Resources + +What are Qualifying Liquid Resources? The DTCC has this helpful doc for the [FICC subtitled "Disclosure Framework for Covered Clearing Agencies and Financial Market Infrastructures"](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/FICC_Disclosure_Framework.pdf) which has a section on "Liquidity risk management framework" (with essentially the same thing applying to the [NSCC](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)): + +[FICC Disclosure Framework pg 71](https://preview.redd.it/teo1uhx8n0y91.png?width=845&format=png&auto=webp&s=05564ca37018ee3a1cc7a7075f4d55a7a7d9ad98) + +Qualifying Liquid Resources are simply assets held to complete settlement of transactions in the **event a Member defaults**. Liquidity resources already include the Clearing Fund (both its cash and cash they can get for the securities held) along with cash from securities that would've been delivered to the defaulting Member (you can think of this like wage garnishment where the defaulting Member would've gotten paid, but the income is taken to pay off debts to someone else). + +By designating Uncommitted Resources as Qualifying Liquid Resources, the FICC is basically putting more money into the Qualifying Liquid Resources pot to settle transactions when a Member defaults. + +# Master Repurchase Agreements ("MRAs") can be tapped too + +Assets available through MRAs may be used in the event of a Member Default: + +[FICC Proposal 34-96210 pg 6](https://preview.redd.it/0mjz7zgnq0y91.png?width=1210&format=png&auto=webp&s=601d4dd1e0514c8068e0982dc6d8e3621ed9fe43) + +We've seen MRAs come up before... [OCC Filing Advance Notice re Master Repurchase Agreement for Liquidity \[OCC's plan to raise money\]](https://www.reddit.com/r/Superstonk/comments/w91ktj/occ_filing_advance_notice_re_master_repurchase/) where the OCC changed their Master Repurchase Agreement to add a lot of custom features letting the OCC raid assets in pensions and insurance companies \[see [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/)\]. + +*Here*, the FICC is making sure the rules allow the FICC to use assets available through their Master Repurchase Agreements\[\^1\] for settlement *in the event of a Member Default* even though those MRA assets may not be designated as Qualifying Liquid Resources. + +And, just to be certain, FICC is making sure they ***can*** **count MRAs as Qualifying Liquid Resources** as long as they follow the procedures now specified for doing so: + +[FICC Proposal 34-96210 pgs 6-7](https://preview.redd.it/lv8q8v47t0y91.png?width=1230&format=png&auto=webp&s=09f2191d33308cdb1c8d391e7e8c8800148e5b4d) + +**TADR:** By designating Uncommitted Resources as Qualifying Liquid Resources and putting MRAs on deck for liquidity, the FICC is basically putting more money into the Qualifying Liquid Resources pot for settling transactions when a Member defaults. + +**🙏 Thank you FICC for making sure debts will be paid. We're waiting to collect.** + +\[1\] To be clear, the FICC MRA isn't necessarily the same as the OCC MRA. They're probably very similar, but not identical. +For example, there could be a big hype about one in pre-market and it's shooting up 10-30%+ and right in the open it tanks way below than its average lifeline and may take weeks for it to recover. At the same level, there could be a big climb in pre-hours only to continue in the regular trading hours. + +1. What is a big catalyst for the big hike and then the tank + +2. Is it a catch if it's a big catalyst because you can speculate that the stock will keep rising in regular trade hours, for example, tesla joining apple but at the same time, big news like an FDA approval when it comes to bio stocks are a hit and a miss + +3. Should we put in mind what pre-market hours are for stock and use that as an example, or a map, for the day trade? Should we consider Pre Market hour data and treat it as regular day trading data? +I have heard people saying that woman are delaying births, and that we ought to see a rebound towards the replacement rate. + +However, I'm skeptical because Japan, South Korea, China, Norway, and other developing countries are not seeing that rebound. + +If the crisis becomes more serious, are there any consensus amongst economists on how we could tackle the problem? +I see a lot of statistics about the economy under trump vs under Obama. But every time I think it’s still too early to even see what effect this administration’s policies have on the economy. It takes months and years for policy changes to take effect and even longer for the changes to produce results. + +TL;DR The economy has grown (at least on the surface) recently. Is that due to the current administration’s economic policies? Or is it too soon to judge the effect of trump-onomics? +From the lens of a business owner, if I had to pay more to minimum wage workers my options are: + +a) cut costs enough to offset this increase + +b) raise revenue enough to offset this increase or + +c) accept lower profitability + +For certain small businesses, like restaurants, the short-term reaction is an increase in prices. However, over the long-term could it possibly stagnate the low-wage workers who at one point were valued above minimum wage? For workers making $15-20 per hour, may they see lower and/or less frequent raises over time (along with doing the same job but having a smaller value gap between them and minimum wage workers)? +I need to add that my only background is in law and therefore in economic analysis of law, where the Austrian School seems to be prominent. I realized that I want to learn actual economics, not just how laws relate to markets and the like. Is there a theory that doesn't hold value judgements regarding the market (monetarism, Austrians, neoclassicals) or the State (Keynesianism, Marxism)? Economics has a reputation of being the most "objective" of the social sciences, but in my scarce experience I haven't been able to verify that claim. +I know the federal reserve cannot print money, only the treasury can. I am wondering if I am understanding this right. By increasing reserve desposites banks holds, is it comparable to say, if i am an investor, someone buys my stocks and bonds,and puts cash in my checking account worth that amount? So like its making money rhat banks already have more liquid,to incentivize them to lower interest rates? + +Additionally when we say 'increase in the money supply' thats only referring to money alreast existing being lent out and put in peoples accounts, right? Increasing money actively being used? + +Thank you! +Yes, I realize that supply is lower for highly skilled workers, but that should affect wages, not unemployment. Intuitively, we might predict that unemployment will be higher for highly skilled workers, because they tend to have highly specialized skills, and thus higher search costs. But of course, that's not how it works out in practice. Why not? +I'm looking to go back to college to study political science next fall, and one of the things I wanna learn about is economics. All I want to figure out for now are the principles, concepts, and ideas that virtually all economists agree on, but that's proven to be surprisingly elusive. + +I read a book called *The Economics Book* from cover to cover, and while it did introduce me to a lot of the biggest ideas in economics history, and I'm glad I read it, I came away feeling even less certain of what the majority of economists believe to be true; some of the ideas seemed to be really important and impactful, while others were flat-out stated to have been discredited. I also discovered a YouTube channel called Economics Explained, and I watched the guy's video about three different schools of economic thought: Classical, Austrian, and Keynesian. What struck me was when he said that despite their differences, pretty much all schools of economic thought agree on most topics. I still don't really know what those agreements are. I have a better understanding of what they don't agree on than what they do agree on. + +So what *do* they agree on? Is there a book or resource or something that can give a layperson an idea of where the field of economics stands today? I particularly wanna know where it stands on things like privatization, theories of value, taxation, income inequality, planned economies, and trade. I'm open to any suggestion, so long as it's reasonably neutral. +I'm reading Discrimination and Disparities and I'm not sure if I understand this passage correctly. Sowell is stating that in a free job market with no minimum wage if companies who are racist and will not hire qualified black applicants will have to pay higher wages to attract more applicants who are not black. The actual passage says: "In the latter case, where supply and demand leave no chronic surplus or chronic shortage of labor, qualified black job applicants turned away have to be replaced by attracting additional other qualified job applicants from other groups by offering higher pay than what that pay would be by supply and demand in a freely competitive and non-discriminatory labor market. In other words, Discrimination II has costs in a free market, greater than its costs when a minimum wage law creates a chronic surplus of job applicants." + +I'm confused because I figured the job market always has more applicants than positions? Especially since blacks are a minority in the U.S. wouldn't there be plenty of white applicants to fill the positions? Like 50 people may apply for the same ONE senior marketing position. Same for low skill, low wage jobs. With online job applications it's easy for folks out of state to apply for the jobs as well so wouldn't the employer be able to pick and choose their applicants? + +\*This is not a political post on my part, I'm just trying to understand the economic principle here. +I know the average base salary for consultants is about 150k for the top firms, and is 200k for senior consultants. However, I'm not sure of the bonus. Bonuses are an important component of compensation in the consulting industry. +Shucks, I've been taken to task on this one in the past I reckon, and I think I missed how this has become a foundation of microeconomic models for individual firms. +If something like gasoline were to become more expensive it would increase the price of every other good in the economy. + +On the one hand if aggregate supply goes down then if you bring aggregate demand down that would stop inflation and that checks out in my mind. + +On the other hand supply side issues like that just seem to be the market efficiently allocating a now more scarce resource and it feels a bit pointless to try messing around with demand. + +Similarly if some innovation happens that affects pretty much all industries making goods cheaper to make and increasing aggregate supply is it appropriate to increase demand by lowering interest rates or some other mechanism? + +Is it necessary to even do anything in those situations or would private banks pretty much sort out the demand issue by giving out more or less credit depending on borrowers ability to repay? Like if everything is more expensive from supply issues it makes less sense to give credit to people and businesses along with bankruptcies decreasing demand and the opposite would be true if supply increased past current demand +(I'm very new to learning about economics, so go easy if I say or ask something stupid) + +I was watching The Big Short (again) the other day, and it lead me to do a little bit of research, and I'm wondering if I understand something correctly or not. I get that overall, the crisis happened because people who shouldn't have qualified for the loans were give ARMs, and when the rates went up, they couldn't pay the mortgages, which caused the bonds to fail. So, does this mean people who had fixed-rate were fine, almost immune to the crash? I'm just trying to understand how a crash in the housing market would've affected the entire economy. (I'm 19, so I didn't really understand or care to think about what was happening at the time) +I have no background in economics, but I have been thinking about this and wanted to ask since I wasn't sure myself: + +When a company cannot keep up with demand, there is almost always a price increase on the product they're selling. Is this good or bad for the party selling the product? What I mean is; does the price increase for not being able to keep with demand result in a lower profit overall, whereas being able to sell the product for cheaper and keep up with demand simultaneously would result in more profits? I'm inclined to say that keeping up with demand at a regular price will always be better, but I'm not sure. + +I know that there might not be a definitive answer for this since a lot of variables surely come into play, but I would like to know your thoughts on this topic nonetheless. + +Thanks. +If my saving are going to devaluate by 2% each year because of inflation(for most developed countries), what is stoping me from transfering my savings to yen, where inflation is lower, meaning that my saving won't devaluate as fast? + +Would I still be able to invest in stock like other currencies like the dollar or euro? + +PS: I'm a big newbie in economics +So I have been thinking about these markets. + +If I buy gold for $100 and hold onto and later on the price is $200, is that rent seeking? + +I haven't actually done anything to increase wealth, I just bought gold a while ago. + +Are those entire markers basically rent seeking? +We always hear that 1% of Americans hold 99% of the wealth. I remember ~10 years ago when people said 2% held 98%, and heard in a '90s song someone was talking about "5 percenters". Is there a ratio, perhaps back in the '50s boom, that economists would like to reach? + +Also, if it isn't considered off topic, do we know any ratios from history? +When is the economy more prone to economic crises? Is it when it is deregulated or actually regulated too much? + +Did deregulation cause the Great Depression and the Great Recession? +Can anyone recommend a book(s) on the *causes* of the 2008 financial crisis? One I've found is called **Fault Lines** by *Raghuram Rajan*, an economist from the University of Chicago. I'm wondering if there are any others that people would recommend. Thanks. + + +I recently heard a strange viewpoint that I certainly don't share, but I was intrigued by the argument. The argument was simply, that free (open-source) software is detrimental to the economy, since it's free, because no money is made. Thus, every piece of software downloaded free of charge represents a sum of money not earned. + +I didn't really have a good counter-argument at the time. Thoughts? +So I recently started subscribing to the Trump subreddit just to get a sense of the supporters (actually reading through posts there, it's so much more sycophantic and straight-up *dumber* than I could have imagined). Over the past couple of days I've seen some posts having to do with large US firms engaging in very well-publicized raises/bonus-giving.^[1](https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul) ^, ^[2](https://www.cnbc.com/video/2018/01/11/fundstrat-global-advisors-tom-lee-heres-my-year-end-sp-target.html) Particularly in the Bloomberg article on WalMart's raise, the author pointed out a lot of factors that inform the decision, particularly the fact that many states have simply increased the minimum wage laws up to $11/hr (i.e. WalMart has no choice in the matter). + +My impression here is that this is merely the companies trying to make a bit of a splash in the press because the board/shareholders benefit greatly from the recent tax bill -- that it's in their interest to advance the narrative of "tax cuts for corporations/the wealthy will trickle down to all income levels... a rising tide lifts all boats!" (i.e. because they want more of the same in the future). Part of my thinking here is on account of my difficulty in seeing how corporate tax cuts in and of themselves would incentivize wage increases or bonuses in the two companies I cited (Waste Management and WalMart). I recognize that according to basic theory, on a macro level decreased taxes will make it economical to produce a greater quantity of goods/services at any given price point, resulting in a greater need for labor, and presumably wage increases in turn. But for firms like WalMart that have already pretty much saturated the market, I can't imagine tax cuts would lead to a huge surge in new WalMarts or significant changes in store hours -- so I can't see why there would be any upward pressure on wages. And with the Waste Management example, they're giving one-time bonuses to *existing* employees, so it doesn't even seem to be about trying to attract new labor... + +Basically, I'm looking to understand if there's good reason to view these publicized wage increases/bonuses as anything more than these firms scratching Trump's back because he scratched theirs? +I am currently a senior in high school that is thinking of getting a major in economics. I am generally interested in the social sciences but I realised that the job market in these other social sciences tends to be very competitive and tight which makes it almost impossible to get a decent job. It also makes it hard to get academic jobs. I generally want to go into research and I would preferably go into the academia. However, most of the economics majors I know go into either law, private industry, or finance. I don’t really like any of these sectors and I’m afraid that I’m just going to be some economist that assists golden Sachs with their investments or giving people financial advice as a financial advisor. I am generally looking into political economy, Labour economics, social economics, development economics, and behavioural economics. Is it really difficult to get a job in any of these fields and will I most likely end up in private industry? +I’m not sure if this is exactly the right place to ask this, but here goes. Next semester I will be taking a regression and econometrics course(undergrad) where I will be responsible for a research project. This project will include gathering data but also using other published papers for references. While I am extremely excited for this class and the work involved, I have never faced this kind of work before. I am currently reading economics papers to get an idea of my possible topic and a general feel of a research paper, but I am at a loss on how to read and analyze a research paper ending up more frustrated than anything else. So my question is how would someone go about reading and analyzing economic research? Thank you in advance! +(I'm British so I'm going to be using £s for this.) Say a company makes chocolate bars and sells them for X, and they employ 100 people working at minimum wage (£7.50) and make £0.50 profit per chocolate bar. Wouldn't this mean that if, for example, Labour's promised minimum wage of £10 was introduced (not trying to political, btw), wouldn't the company have to up the price of the chocolate bar to continue making profit? But if the minimum wage was increased, wouldn't that increase the circulation of money and make it more dispersed, so the value of it would drop, as more people would own more of it, thus causing inflation? But then again, if the chocolate bar was more expensive, but more people had more money, would this just balance out, making the increase of a minimum wage pointless? +I'm trying to get a better standing of the central banking system. The central banking system is the only organization that can create money, and it loans out the money to other banks with interest. This is where I get confused, if the central bank lends out $100 and wants $110 back, where does the other $10 come from if it doesn't exist? +I've read that the carbon credit system has become a bit of a runaway failure and has been gamed by those it set out to incentivise to emit less. + +Can anyone give examples of schemes that set out to reduce harmful emissions of something (pollutants, greenhouse gases, etc) that were well thought through and worked? + +Or more broadly, economic schemes that used some combination of approaches (fines, caps, trading possibilities, rewards...) to get some group of wrongdoers to correct course? + +Thanks! +This article (https://thinkprogress.org/walmart-bonus-layoffs-ed187882b011/) states, +"Walmart’s behavior is part of a pattern of corporate misdirection related to the GOP tax cuts. AT&T and Comcast both announced bonuses for their employees while also laying off thousands." + +I'm not denying it, but can anyone explain what, specifically, they're referring to as 'misdirection' and how it is related to the tax cuts? + +GOP tax cuts = Wal-Mart saves $18 billion over 10 years = Wal-Mart closes 68+ stores, but gives a subset of employees bonuses? What is missing from the equation? Is the article making an unfounded conclusion? I don't know economics. +I'm taking an microeconomics class and one of the early subjects we covered was market failures. My instructor stated that inequality means there is a market failure. I thought that was kinda odd because i remembered reading something to the effect that inequality doesn't necessarily mean there's been a market failure because wealth is not zero sum. Just because I make 50k and another person makes 500k doesn't mean i'm missing out on 450k. + +Obviously i'm still very much a novice when it comes to economics but for whatever reason this has been bothering me. +After class my instructor offered to answer any questions. I took the opportunity to ask her privately if she could elaborate and mentioned what i had heard about wealth not being zero sum and inequality not necessarily being bad. I was surprised because she got really defensive and interrupted me when i was explaining my hypothetical about 50k and 450k, mentioning in actuality people living on 16k and others living on a dollar a day. + + +Examples would be: + +- Venezuela +- Post WWI Germany +- Zimbabwe + +All of them have/are experienced/ing a devalued currency to the point of worthlessness. How do you reboot the currency or the countr~~ies~~y's economy after that? +Raising the federal funds rate reduces demand for capital goods, which reduces aggregate demand and puts downward pressure on the price level. I understand this channel. + +Labor and capital are sometimes primarily complements and sometimes primarily substitutes. Could increasing the price and scarcity of loanable funds and capital goods lead to a substitution effect, which increases firms demand for labor? If so, could this further tighten the labor market and create additional inflationary pressure? + +Is this way of thinking about this topic just wrong on the face of it? If it isn't wrong, could there be economies or sectors where capital is easily substitutable for labor to the point where the latter effect dominates the former? Thanks for any help you all can give me. +(Sorry in advance if this is a simple, common question. I couldn't find anything about it on numerous subreddits) + +My friend was telling me that remittances that migrant workers send overseas to their families drains our economy. + +I don't believe this but I can't find any evidence to back up my opinion. + +He says that it is "common knowledge" but to me common knowledge is that that isn't how it works. + +Neither of us appear to know very much about economics, so any help would be appreciated. + +Also we're in the UK if that affects the answer in any way. +This is a repost, but I'm having trouble finding the proper subreddit home for my question. This issue came up for me when my highly educated friend, a doctor who is well respected in his field, started reading into economics and is convinced that the idea of economic inequality is a lie, that people move across socioeconomic classes all the time, and that there is true equality of opportunity in terms of being able to climb the economic ladder. I don't have enough background in economics to dispute it, but at the same time, he is no expert himself in this field. So, I wanted to see what actually economists think! +I have trouble understanding the rationale behind such core institutions of the global financial system being private firms. + +Look at this for example: [https://en.wikipedia.org/wiki/Intercontinental\_Exchange](https://en.wikipedia.org/wiki/Intercontinental_Exchange) + +There are so fundamental to the system and open to manipulation that I do not see how they can be left to function by private firms. + +Maybe this is an odd question but can you tell me if you get a feed of what I mean? +I'm relatively new to economic theory so forgive me if this is obvious: + +We're coming off of the back of a long stint of QE, the fed hiked rates, and the market fell. + +My very basic understanding of economics is that the dollar inflated under QE and 0% interest rates, and now that we're hiking rates the dollar should deflate. + +I thought that deflation generally brought prices down, yet today we heard Netflix raise rates by 20% (I know it's a tiny sample). Can we expect prices to continue rising and if so, why? +Leaving the political issues aside - and moral/philosophical ones in regard to redistribution policies - would it be economically feasible to have both a universal basic income as well as a one time payment - otherwise called a 'freedom dividend/inheritance for all' by Piketty - of say 125,000 which was his ideal number I believe at 25 years old available to all citizens, or would this be guaranteed to be impossible due to inflationary measures for instance? +I know the answer is yes, but they are really long and they expone old ideas that were the bases of modern economic theory, my question is, should i read the whole book or should i read resumes and focus on economists like Hayek or Friedman who were kinda aware of the modern world and the modern economy. Should i read the more contemporary ones and then in some years with more time read the classics? +I live in the UK which is currently undergoing high inflation of 11%. The central bank thinks that the solution to high inflation is a recession so they're going to hike interest rates. + +What is worse, the disease or the cure? +[https://tradingeconomics.com/japan/consumer-price-index-cpi](https://tradingeconomics.com/japan/consumer-price-index-cpi) + +[https://tradingeconomics.com/united-states/consumer-price-index-cpi](https://tradingeconomics.com/united-states/consumer-price-index-cpi) +Overall do illegal immigrants cost America more than they contribute? I am aware that while many of them pay some taxes they also use many welfare programs. Do those balance out or is there a net cost/gain? Also, if there is a net cost, all things considered, does the labor they contribute and the fact that they are consumers outweigh the cost to the nation's welfare? +Thanks so much, I hope this isn't too political a question😬! +Ok now whenever the fact that used cars (not the 250,000 miles driven but the 30,000 miles driven kind), present an incredible value proposition is brought up and whenever I tell people that the deprciation of new cars is ridiculously high and does not make any market sense, people always talk about how buying used is some kind of dangerous gamble and how warranty and the lack of risk totally makes up spending twice as much on what is practically the same product. + +A 3 year old accord can be had for $15000. If you plan to own a car for 10 years(which is the average age of cars in the US) then even if you had bought new, the 3 year warranty would have been finished by then and the next 7 years, the ownership costs would be exactly the same as if you had bought new. A new one cost $30k. For the extra $15k you get a 3 year warranty. How many Accords actually suffer from $15k worth of repairs in their first 3 years that makes the premium worth it? My guess- less than 2%. + +Its not like 3 or 5 or even 7 year old cars are breaking down everywhere all the time especially, when the average age of cars on the road itself is 11.5 years. + +Buying a used car just makes so much sense. And I predict that in the future, with the rise of EVs which have a much more simpler and durable drivetrain, cars will last for much longer and maintenance much cheaper, making the new car premium even more senseless. + +So whats your opinion? Is the depreciation of new cars a market anomaly. Or does it make genuine economic sense to buy new instead of used? + +I understand a majority of housing in Singapore is publicly owned, how exactly does that work in terms of home ownership/renting? Did this insulate them from the effects of the housing crash (obviously not entirely due to the general economic downturn)? And I guess a more normative question but how do you feel about the way their system works personally? +Recently found out that when earning over $90,000, private health insurance could end up cheaper than the medicare levy. + +Anyone know of any other things that could be done to get more bang for your buck? Been interested to learn more in this space. +Hi guys, + +I have been in construction my whole working life and I have been talking about moving into the IT/TECH industry for 2 years now without making a move!! + +I was wondering if anyone has any advice on any paths I should take first? I have been reading alot about shortages in the IT industry and I believe with such a rapid growth in the future now is probably the best opportunity I have to begin an IT career. + +Currently I am on 100-140k a year depending on overtime in Adelaide. We currently work an average of 60hrs a week. I am wondering what sort of pay cut would I be taking for an entry level position? Is there anyway I can study and still work fulltime? What are the better IT industries to target? What should be the first step to take? + +Any advice is greatly appreciated, I feel as if this group was the most sensible to ask. + +Thankyou +I’ll try mix some observations with anecdote and then hopefully some others will be able to expand on this suspicion with data, if it exists? + +I’m particularly looking at the apartment markets in Wentworth Point, Baulkham hills and Epping. One thing I have noticed is recently a lot of new apartment listings, many which are one ad for multiple apartments. + +A friend of mine lives in a new Apt in Meadowbank and told me he’s the only person who is currently occupying an apartment on his floor. Also basement is basically empty with cars, and this creeps him out. Low cars normally an indicator of high international residence, no? + +RBA is speculating high growth for housing, but this would be a hard feat in over cooked markets. I can see this happening for extremely underpriced markets like rural, regional hubs. Due to covid. And particularly for free standing houses. + +My question is, has anyone got some insight as to what is taking place with all these empty apartments in Sydney? Are oversea investors fleeing? Also, are new builds etc ceasing due to the lack of immigration? +So as of late, I have been looking into selling CCs. I've been doing a lot of research and have even sold a few offers the last few months, securing a small profit. The issue I am having is actually knowing what stock to pick. I have watched and read lots about CCs but this topic is usually brushed over by saying "The underlying stock should be something you are willing to own but not worried about losing to assignment." + +*Ok, that's great. but I can't drop $25,000 on 100 shares of NVDA.* + +How can I find cheaper stocks($10-$40) that aren't absolute crap that I can sell CCs on? What are some technicals or fundamentals I should be looking for? + +Thanks. + +*Edit, bonus question: What are your thoughts on buying shares on margin to sell CCs on? I've got a whole load of margin that I have never touched. Is it wise or stupid?* +This is an idea I've been trying this week and I'd like to learn from you what conditions this strategy is good for and not suited for. + +**Does this strategy make sense in an IRA?** + +The idea is to sell weekly 16-Delta puts on both TQQQ and SQQQ in equivalent amounts of buying power. Since I'm doing this in an IRA account I cannot use leverage. This seems like a nice way to collect weekly theta where the two 3X leveraged ETFs off downside protection against each other. It's kind of like a leveraged Strangle on QQQ. + +In the example below, I'd sell + +* 4x of the SQQQ puts for $280 (4 x $0.70 x 100) +* 10x of the TQQQ puts for $280 (10 x $0.28 x 100) + +[SQQQ \~16Delta puts for one week](https://preview.redd.it/zx7j1r6wxkw91.png?width=1684&format=png&auto=webp&s=55963209bc6a248ccd60958ba7da51e61c521742) + +[TQQQ \~16Delta puts for one week](https://preview.redd.it/jbqep1qxwkw91.png?width=1684&format=png&auto=webp&s=6c7a85ee001347acd6a0fcc35e7b0c38c28f8a74) +Like many in here I monitor the DD section of wsb and definitely find some good value there from time to time, but I have been burned by weeklies and monthlies more often than not following some degenerate on there. + +Theta gang sound like something more up my ally. Any YouTube channel suggestions? + +Edit: thanks all, lots of good recs here. Hope to join theta gang soon +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi, as we all know it is widely accepted to roll / close positions at 50% Max Profit to take risk off the table, however I've been theorizing about a different approach: + +Closing / Rolling when your profit % is greater than the % of total DTE Elapsed. To avoid closing trades super early you would also wait until you have a tleast 50% profit or some other percentage, say 30%. + +With this approach you are only closing positions if the value of them being open is greater than what would be expected at an expiration max profit scenario. + +I realize that with this system you would risk a profitable trade going against you closer to expiration but then again there is always a risk of loss, and this way you optimize returns on both your capital and your time. + +I'd love to discuss this idea with you guys and see what you think. + +EDIT: +I've done another revision to the strategy, I don't base it on %time Elapsed, rather a logarithmic curve. + +We know theta accelerates closer to expiration, so the value of an otm contract is a downward logarithmic curve. I've got a spreadsheet set up so that if my trade has netted more P/L, decayed more, than expected from my current DTE, I'll take profits, as long as it has a P/L higher than 20-30%. This optimizes returns, reduces risk, improves win rate. + +There likely is some drawbacks, I'm still risking $xx to make somewhat of a lower return on capital , but I imagine the higher hit rate will offset that somewhat. + +I'll try this out for the time being and see how it affects my portfolio. +I know this may fall outside the core theta strategies discussed frequently here but I’m curious about some options strategies that can more effectively do this with perhaps less directionality than writing CCs to fund long puts. + +The thesis being 3 & 4+ standard deviation moves are more likely in this environment than probability and standard models suggest. +I couldn't find anything recent on this topic, so take it easy on the down votes if I'm beating a dead horse (just trying to help lol). + +My account has been trash the past few weeks, SQ PYPL and Bitcoin have had me in the red bad. Anyways I've avoided logging into my account a lot this month just bc it makes me feel like crap lol + +So I logged in this week to see if I could sell some CC's on my crap positions for a few bucks and noticed I had a PDT flag. I thought it was weird bc I hadn't done more than 3 round trip trades within a 5 day window since November, but my account balance had dipped below $25K for the first time in forever. + +I called TDA to see if they could remove the flag and I learned that FINRA made changes to the PDT rule back on 9/14/21. Main take aways were: + +-You only get one flag removal on the life of the account for PDT violation, before it was 3 per year +-If you exceed your 1 removal the only way to remove it is to go to a cash account or deposit funds to get you over $25K +-There is no longer an automatic flag removal after a set time period, I think it was 90 days before + +I think these rules are just stupid, in my case it was BS since i was technically flagged back in November. However the flag didnt go into effect until my account dropped below $25K this week. IMO these changes are BS and just another way to screw small retail investors with the excuse of trying to "protect" us. Your thoughts? + +To the "why is this in Theta Gang?" guy, because CC +Currently saving up some cash to start the wheeling process. I am not that experienced but I want to start researching into stocks/etfs while I save up. Just want to hear people's opinion and do my own research. +instead of spending a ton of money to lock up and buy 100 shares of a stock wouldn't it be better to use spreads as they are less capital intensive. + +IE stock trades at $100. + +Buy call at $117, sell call at $115, only lock up $200 in collateral + +Buy Put at $80, sell put at $82, only lock up $200 in collateral. + +When you do both of these, its very unlikely that the stock will dip down or shoot up to either of these levels. Both of these positions couldn't lose. even if something crazy would happen the other position would profit. + +I know the downside that at these levels you're not going to be rich the reason why these options are priced the way they are is there is no such thing as a free lunch. and selling options so deeply out of the money doesn't generate crazy returns. But when you do it as a spread it seems like the money can be made fairly consistency. Obviously there is still risk with doing it and it is most likely one of those "it works until it doesn't" situations, so I would recommend still keeping cash on hand and being prepared for black swans. To me it seems that this seems like a pretty consistent way to make some but consistent gains. Wouldn't protect you from a 50% drop on earnings, but if you can make $5 a week per $200 invested that would be a 2.5% per week return +I've noticed that so many people in this subreddit mention making 100k per year more or less. Any advice for the folks in lower brackets? + +I used to make around 50k per year. I'll be finishing my bachelors of art soon (without any career direction). Now, because of my wife (and my side gig), we make roughly $35k per year with a savings rate of about 25%. We could save more, but we are currently renting. We own a rental property that is paying its own mortgage (which will be paid off in 4 yrs at current rate). What are your recommendations for making a higher income after school? + +Computer programming seems to be a consistent career in this thread. Is it worth starting from scratch now? I'm 28 yrs old, no kids (or plans to have them), living in Texas. +I stopped following WSB since I realized the original members are toxic as f. They shit on everything GME and AMC, Even if it’s a post talking about helping others. I love how Superstonk shows that people can be helpful and positive. Thanks mods! 🙋🏽‍♂️ + +🔥🚀🧑‍🚀🚀🔥 +This week multiple lithium stocks have dipped pretty much in sync. I believe this could be a good buy opportunity as there were no major catalyst to justify the pullback. + +The tickers I watch that dipped are LAC, NMX, CRE, NLC. Others that have been less affected are ORL, ML, AAL, QMC. + +I took a small position in LAC.TO and it already bounced back decently from a major dump which really seemed like an orchestrated short from the look at the level 2. + +I used to have a large position in NMX but got rid of it when it couldn't hold a critical level @ 2.25 a few weeks ago. + +What do you guys think? Is this a long term correction beginning or a buy opportunity? +Looking into the pros and cons of buying vacant land. Specifically land not designed for residential zoning. Theres quite a bit of acreage for sale on MLS. From what Ive read, cash is king when buying land, so a con would be cash flow. Also there's property taxes but from what I gathered, taxes on an un serviced piece of property are almost nil. I don't have anything to gauge land values over time so any information there would be appreciated too. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +I just sold my house and after my move will have 70k left over. I want to dedicate 50k to a strong investment on the post recession upswing but I'm not sure what industries/sectors historically fared better post recessions. Any advice is welcome and appreciated. +I am looking to buy my first house. My girlfriend of 1.5 years will be moving in and living with me. +She would like to be a co-borrower and legally responsible for the mortgage as well. + +Option 1: +We go in on the house together, we are both legally responsible for the debt and would pay it off together. If we break up I would plan on keeping the house and repaying the mortgage in full by myself as well as repaying a portion of the amount she has invested. The monthly payments are well within my means to pay. + +Option 2: +I get the mortgage without her as a co borrower. She has no legal obligations to the debt, no equity in the house and would pay me some fraction of bills and rent monthly. + +I am hesitant about option 1 since we have only been dating a year and a half, but option 2 also seems to be unfair to her. + +What are your thoughts, Reddit? Anything obvious I have over looked??? +I'm a young professional in engineering and I'll be starting my first real job this summer. I've been offered a position with a starting pay of $68k and I'll be living in Houston, TX. I have no debt on graduation, but my savings will be depleted by the time I start work. I'll essentially be starting from scratch but I do have about $45k of investments from various family gifts over the last decade. + +&#x200B; + +I put together a spreadsheet of my basic monthly costs I expect to encounter and I feel like I'm forgetting something or have the wrong values somewhere. Just looking for some feedback or refinements on numbers as I don't have much experience. + +I should note that the hobbies budget is so high because I never had the time to pursue any hobbies throughout college and there are some things I'd like to get into but have some higher barriers to entry. + +&#x200B; + +https://i.redd.it/rso2mto9qxq21.png +A quick summary: + +My family has used the same financial advisor for decades. He is a trusted family friend. When I started investing many years ago I used him for this reason. A year ago he retired and sold his partnership to his "protege" that he had been grooming to take over for the past 6-7 years. We haven't been all that impressed with him since he took over and a few weeks ago it got bad enough that myself and two close family members decided to start looking at other options. My other family members have had trouble getting information regarding their accounts from him. When one asked for a cost basis for all of their investments we know that he told his employee not to give it to them because "they are leaving and I don't want you spending any time on their account". He also told one of them that if they moved they would have to make a huge six figure tax payment on unrealized gains. + +Several days ago I emailed him asking for my cost basis and a break down of all fees I have paid to him/his firm over the past few years. He called me soon after asking why I wanted that info and trying to convince me not to leave. He also told me that I would have a huge tax payment on unrealized gains if I left. I knew this wasn't true so I pressed him and after asking several times realized that he was saying whatever firm I went to would not take/not be able to take the investments I currently have and THEY would require me to sell in order to invest me in their approved funds. After talking to him for a little longer he agreed to send me what I had asked for the next business day and we would talk later. Instead, he sent me an email later that evening stating that effective immediately he was resigning as my advisor and giving me a number to Avantax to call regarding my investments. No other information. I called Avantax last night but it was after business hours and they are having someone in management call me today to go over my concerns. + +&#x200B; + +A few questions I have: + +* Does him saying that we would have to pay huge tax bills if we left something that would warrant a FINRA complaint being filed? +* When he bought out my old financial advisor and took over our account, I wasn't made aware it had happened until months later. Is that something that he had a legal obligation to disclose before/when it happened? +* He is affiliated with 1st Global which was recently merged with another company and rebranded as Avantax. This was also something I was not made aware of until after it happened. Was that something that he would be required to notify me of? + +Thanks for the help. I can give any additional info that may be needed. +I watched a video from Michael Kitces where he basically said it's not possible, but wanted to get feedback from this sub. I have a very nice income as a budget analyst but really want to get into advising long term, the problem is knowing that starting out many of these advisors make like 40-60k/yr. Is there a way to get into the industry so that when I do make the full transition that my income would be higher than this? Thank you for any advice! +I am in my young 20’s and have an excess of $1400 a month after all my living expenses, 10% 401k contribution from myself and 5% match from company, and maxing out a Roth IRA. I am currently single but do plan on trying to have kids some day. +I am dead set on a Toyota Tacoma but the prices are insane. I don’t see them coming down in the near future (my car is on its last leg as well). I plan on driving the Tacoma until I can hopefully pass it on to my kid some day. + +Is it unwise for me to look at a Tacoma (the one I like would be about 39k after taxes) with 20k down (what I’ll have saved by summer) and getting a rate at 2.75% for 48 months? That puts my monthly payment about $418 a month. I would also like to pay it off early if possible, I was hoping two years but think it could put a strain on my monthly disposable income. I do have aspirations of buying a house in the next five years. Also to note I have good job security. + +Thank you for the help in advance! +Hey all, I've got 3 401(k)s from previous employers as well as an existing 401(k) with my current employer. + +I'm debating between rolling the 3 old accounts into a new rollover IRA account or putting them into my existing 401(k). Is there something specific I should be looking at to choose which path to go? + +If I open a new IRA account, I'm leaning towards a Merrill Guided account that would charge me 0.3% due to my preferred rewards status. Or would it be better to do a self-directed account (Fidelity over Merrill perhaps) and dump everything into a 2055 Fund? +Hell Reddit. + +I cruise Reddit often and have absorbed a lot of good information from it so I wanted to reach out and get input on my situation. + +About me: +54 years old, +Married, +3 kids early 20's employed or on their way, +$5M invested, +zero debt, +income outside my investments is around $300k + +So I have been thinking about how to constructively grow and use the hard earned money my wife and I have been able to compile. I am currently invested with a long term horizon and try to keep my hands off gains and dividends so they can grow over time using the power of compound interest. + +I am thinking I might want to establish a very long term horizon where the investment basically just keeps going after I die, and my kids and their families get the benefit from it down the road. My vision is an investment structure that goes on for decades (and maybe generations) and provides payouts along the way for things like grand-kids education and maybe even regular annual payouts like dividends but with the goal that the fund would continue to grow forever, providing benefits to future family members. + +The conventional wisdom is not to over-control your estate assets or how it is used by your heirs. I understand that but I also think there could be a way to keep it pretty simple and still give a lot of unencumbered benefit to family members and allow the asset to continue to grow. + +I would appreciate any thoughts, input or ideas you have. + +Thanks in advance. + +I’m setting aside about 35% of my monthly salary for +- Investing (Index funds) +- Retirement (401k and Roth IRA) +- Savings Account + +My question is, how should I allocate my money among these three? +Those of you who have climbed a bit and made it out of pain, I’m inviting you to pat yourself on the back and share what actions you took to get there. It may inspire others, it will inspire me. + +Also I wish this to be a little educational. I suspect most of the stories will show that if you haven’t given up on bettering your financial position, you’re best bet is to aim for more income. No judgement if you did give up, but for those who haven’t, let’s take a look at some success stories. +[https://business.financialpost.com/pmn/business-pmn/s-korea-bans-share-short-selling-for-six-months-to-soothe-market](https://business.financialpost.com/pmn/business-pmn/s-korea-bans-share-short-selling-for-six-months-to-soothe-market) + +South Korea’s financial regulator will ban short selling in listed shares on the Kospi and Kosdaq starting on March 16 for six months to curb speculative trading as the economic blow from the coronavirus outbreak widens. + +A complete ban in short selling, this is huge. Imagine what would happen if the U.S does the same. +**Charts** + +[Financial Overview "Dashboard", with 2017 stats and Pretty Charts](https://i.imgur.com/IQC8LTL.png) + +[Additional Charts](https://i.imgur.com/Jhh51ku.png) + +I'm really proud of my financial tracking spreadsheet and its pretty charts, but can't really show them to anyone IRL so this sub is my only outlet. Let me know if there are any questions for my inner excel junkie to answer! + +EDIT: Download link to a scrubbed version of the spreadsheet [in the comments](https://www.reddit.com/r/financialindependence/comments/7nglui/2017_yearend_review_and_pretty_charts/ds1q1j3/). + +---- + +**Major 2017 Events** + +* Completed 2nd full year at MegaCorp, received in-line promotion +* Completed 2 semesters of grad school +* Found girlfriend, going on 9 months now +* Travelled for 2 weddings, 1 funeral, 2 holidays, 3 fun friend visits, the solar eclipse, and a week-long sailing trip in the Caribbean with some friends +* Win: Got top-tier performance rating for this work year (feels good man!) +* Win: Great year for investments, with a +24% internal rate of return +* Win: Grad school scholarship renewed for the 2017-2018 school year +* Win: Maxed both 401k and IRA for the first time +* Loss: Gained about 15 pounds, currently 10 pounds over healthy weight and 20 over goal weight +* Loss: Investment contributions decreased by $600 even with $7k increase in income +* Loss: Low grades (B/B-) in the spring semester, killing chances of adding a *magna* in front of *cum laude* when I graduate. Fall semester went well thankfully. + +**Goals for 2018** + +* Keep doing well at MegaCorp, with an eye at a diagonal move or change in companies in early 2019 +* Complete last semester of grad school and graduate with honors in May +* Purchase used car (looking to spend ~$7k) +* Use said car to do a lot more hiking, camping, and skiing +* Move out of apartment in August to somewhere closer to work and with a garage or hard-floor room that I can turn into a workshop. Going to either move in with girlfriend of find another roommate +* Get back to goal weight +* Cut back on bars / drinking +* Contribute at least $30k to investments (down from current year to account for car purchase) + +---- + +**Financial Retrospective** + +Overall 2017 was an incredible, full year in my life. Total spending was about $38.5k (up from 2016 $33.0k), and total saving was $34.4k (down slightly from 2016 $35.0k). Where spending categories were higher than last year, they were tied to girlfriend activities (restaurants, uber/lyft, gifts), hobbies that I think will pay dividends down the road, some really fun trips (airfare), and starting to give to charity (~1% of income which is still low IMO). I feel like I have been going at full pace, and feel very fortunate to be living such a full life. This next year I think I will try pare down the long distance travel and use my weekends to do a lot more day trips to explore the local outdoors, which should help with both spending and personal health. + +I am incredibly grateful that I found this community, since having these long term financial goals has really forced me to focus my spending and consumption habits to the areas where I actually find pleasure. It would have been easy to spend loosely without that framework. To a prosperous 2018! +I'm a 26F web developer near Toronto, ON and I've only been on this FIRE track for about three years. In those three years I nearly doubled my income (when entered the industry from an irrelevant field) but maintained my low-income lifestyle with a few modest upgrades. + +I've paid off my student loans, brought an emergency fund from $0 to 8-months of expenses, and put away a good sum into RRSP & TFSA investments (Canadian-style retirement accounts for those who don't know). I feel like I'm definitely on the right track. + +This Thursday I got hit with a temporary layoff. My boss expects to call me back in within 6 weeks (I'll be dusting off the resume regardless, even if I end up back there...this isn't a good sign for the company). I was told the amount I'll be eligible for on unemployment during that time -- about 50% of my current salary. Which will go a lot farther than usual if I'm not paying for transit to work, avoid unnecessary shopping and will delay my next haircut...things like that. I'll practice my old leanFIRE habits again -- no problem. + +I did the math. I can still save $300/month while I'm receiving unemployment on layoff! Slows things down but no more than a bump in the road. I don't expect to need to withdraw from savings at all, even if it gets extended. + +It really puts things into perspective that me from three years ago would have been completely screwed. + +Now, this is just a hiccup served with a kick in the behind to start looking for a job with better prospects. + +**tl;dr: Practicing FIRE saved me from stressing over a 6 week temporary layoff, earning half of salary after tax on unemployment income. With minor budget changes I'll still manage to save 20% and call it a long vacation.** +Hi all, + +Firstly, before I continue I wanted to wholeheartedly thank everyone on this forum for giving me solid financial advice such as opening up a Marcus savings account. + +Before, I go onto this negative topic I just wanted to say that I was able to reduce my car insurance by £300 recently. I know this may not be a lot of money for most people here but for someone like me with not much money, this is a massive savings! + +Anyways, now I am facing a new problem. I got an email from Virgin Media today saying that my contract is up for renewal and that they were going to start charging me a whooping £71 a month when before I was paying around £48. I think £71 a month is very very dear yet alone £48 a month! I only went for Virgin Media because at the time around 2 years ago, they were able to give me a good deal around the £38. However, their internet has been shit lately and quite frankly I think its a rip off already. I used to be with TalkTalk before but their security was very bad and I was aware they had a security breach. I used to get phone calls from their "call centres" and it came to a point when my grandmother an old woman, had to put up with the noise, until I just cancelled them outright one day and moved to Virgin Media! + +I need fast broadband and the international calls due to my family who also live with me at home. What would you recommend me to do? + +Whats the best way to haggle or move providers? + +Thanks in advance!! + +**UPDATE: After following most of the advice, I ended up cancelling my contract only to find that someone from retentions called me up yesterday to offer me a deal that I simply could not refuse! So thanks again everyone!!** +I've toyed with the idea of what would happen, given the scenario of coming into a lot of money (say, lottery for example). + +After taxes and paying off any debts and you're living comfortably, say you have $500,000 sitting there. + +Is it feasible to live off of that for the rest of your life by investing it and properly trading when necessary (possibly getting a portfolio manager who knows what they're doing). Even in bear markets money can be made (shorting etc). Don't have to be risky with it, nor conservative, just something in the middle. +So my last post on here was also about this, but I promise I’m not just constantly obsessed with this aspect of the market. Basically I heard about the importance of the bond yield rate recently and it sounded quite important. Then I heard about the auction happening on Wednesday and that sounded like it could have consequences, good or bad. From what I understand, the auction was able to sell bonds and thus the yield rate didn’t raise much at all. Then I was like “ok cool that’s over with.” + +But today I am on my yahoo finance app and just happen to see TNX as one of the suggested/trending/whatever items. TNX is the 10 year treasury indicator (idk if it’s a stock or a index or what). And I see that it’s at 1.626 which is higher than it closed at from the auction on Wednesday (1.52 or something). So why did it jump up again? I thought it was supposed to be steady after the auction on Wednesday kind of set things in place. Does it matter really? +My wife and I have about $38,000 in student loans, so I would love to make a dent in that if possible. I know very little about crypto currency’s, besides just looking at their value on google every once in a while. Please help! +I was wondering how investors make money when most stocks are diving? + +Edit: Thanks for all the replies. This was more of a ELI5 thing for me. Interesting to see all the different approaches, but I suppose without them capitalism wouldn't work very well. +I'm just curious what stocks people here swear by and own. + +For me, GOOG has been great (in at $686) but I would like to know, what stocks you guys think will significantly increase in value through 2017? Thanks! + +This migt not be the right sub, but bare with me, please. + +Chile is living a massacre, military and police is killing us on the streets, banks are blocking money circulation, supermarkets are closed (for many obvious reasons) and we are living a shock doctrine. + +So we need crypto, part of the awakening is using crypto. + +Please suggest me the best ways to use it, how people can acquire, and commercialize freely with crypto. + +I don't care about what crypto is better or whatnot, I want you please to guide me in the best way to use what the cypherpunks gave us more than 10 years ago, so I can tell my people how to fight the system and the neoliberalist. + +- best apps to use crypto with low fee +- best ways to buy crypto. +- best ways to explain to non educated people in economy how crypto works. +- best ways to integrate little commerce to the crypto world as easy as possible, even better if is auto integration. + +Please don't try to push one crypto over another, that's not what we need. We need freedom and tools to fight an autoritarian government who is killing people who is asking for a better life. + +Your advice is our hope. +\[update: 1 hour after beginning the post, floor is at [0.84](https://opensea.io/collection/trump-digital-trading-cards) ETH\] + +**\[uddate2:** u/Trixteri **pointed out,** [**that one of the biggest wallets owns a lot of cards and is also receiving fees**](https://www.reddit.com/r/CryptoCurrency/comments/zonm0u/trumps_digital_trading_cards_are_about_to_get/)**, which means there will be at a dump (not surprisingly) so act accordingly\]** + +It seemed ridiculous and of course we've made fun of them - Trump's Digital Collection Cards. + +https://preview.redd.it/wdfg7mit0j6a1.png?width=1135&format=png&auto=webp&s=04001dabdbf47796575a9c7631dcfff5af787863 + +Not surprisingly, prices almost steadily climbed, now having 0.5 ETH for the cheapest listing, >3,600 ETH in trading volume (!): + +https://preview.redd.it/ejsoy0q11j6a1.png?width=906&format=png&auto=webp&s=8ec919a21a734c1ce4d56a0a98cde917c2058f7f + +Once again, doing the opposite of the sentiment in this sub has been profitable. The criticism can not to be denied: buying these cards is pumping Trump's wallets - not only on minting day, but also later, since he's taking 10% fee of every trade on Opensae. I must admit, just like Gen 1 and Gen 2 of Reddit, this was too obvious and I've bought one for 0.1 ETH. My explanation: I'll take money from Trump fans later, that money sure af won't be donated to Trump. + +Now, who of you doesn't like to talk about it but bought one as well? +From what I understand black friday will have a effect on HT8 once sales come out, wondering if it will continue on its run or pull back a little next few days. +Ok everyone, for me learning is doing and doing gets gets the tendies. Or CGT offset... So I'll have my first crack at writing up some DD. And no, besides knowing how to read I have no qualifications to be doing so, although knowing how to read probably puts me ahead of 80% of our base. + +**The Stock**: Zoono (ZNO) + +**The Market Cap**: $151M + +**The Volume: 2,774,259** + +**The Price**: $0.82 + +**1 year return**: *-57%* (^(yeah that's right)) + +**1 month return**: *35.6%* (^(let's focus on this one)) + +**Market High**: $3.29 (6th June 2020) + +**Market Low**: $0.59 (22 March 2021) + +**P/E (Price to Earnings) Ratio**: 8.29 + +**ROE (Return of Equity\\Investment)**: 107% + +***Debt: $0*** + +Now, yes, it has some history here. I know it's been a salty little bastard but it can change it can change. Really though, love to hear you bag holding butt hurting stories in comments. + +**About**: + +"Zoono Group Limited is a global biotech company that deals in the development, manufacture and global distribution of a unique range of long-lasting and environmentally friendly antimicrobial solutions. Zoono's mission is to improve health and well-being through innovative, safe, non-toxic and durable germ protection." Their main product is compound (spray, foam etc) that is 99.99% effective, lasts 24 hours on skin and up to 30 days on any surface, killing any pathogens it contacts. [Good hospital study found here](https://greencoreservices.com/files/2020/04/ilovepdf_merged.pdf) that goes into more detail. + +They also operate a subsidiary company, Fine Hygiene Group, which is set to expand to over 70 countries in the next 18 months. + +You’ve made it this far, so have the *good news* first. Might help balance out the view of 'that chart'. + +**Recent and upcoming Announcements:** + +* [Profitability](https://themarketherald.com.au/zoono-groups-asxzno-revenue-soars-741pc-to-a13-4m-2021-02-25/) +* Independently proven efficacy against *a* human coronavirus in the US (*not COVID19 specifically*) in a US FDA Approved lab +* [ Invited as a supplier by Microsoft at their Redmond Campus (235 buildings, 53, 000 staff), including an initial received shipment](https://themarketherald.com.au/zoono-group-asxzno-partners-with-microsoft-and-boeing-as-sanitiser-range-flourishes-2021-04-01/) +* Partnered with *Boeing* for use on worldwide fleet +* Assumed control and ownership of troublesome US Licensee +* Production of one million bottles in house in the 'near future' +* New distribution partners Norway, Luxembourg, Greece and Poland. Initial orders pending. +* [Initial shipment and clearances to Russia completed](https://themarketherald.com.au/zoono-group-asxzno-clear-to-distribute-in-u-a-e-russia-2020-12-16/) +* Global patents pending on formula +* All major news outlets covering Transclean’s [corporate sabotage](https://www.theage.com.au/national/victoria/metro-boss-transclean-staff-colluded-to-sabotage-covid-19-cleaning-trials-ibac-told-20210401-p57fu2.html) of Zoono trial on Metro Trains in Melbourne, including paying off CEO and senior Victorian public officials. + +Yeah you fucking read that right. Sabotage. Great publicity. + +**Why? Deals for days:** + +Fundamentals unchanged from high days, major problems resolved. Biggest problem reverting back there? **Sentiment**. They are **unloved**. Sounds like a good time to buy? Read further. + +These guys had a brilliant product; a unique, long lasting, high efficacy, low toxicity anti-bacterial spray and an awesome catalyst, COVID19 pandemic. Hype ensued, they rose to great heights aaaaaaand they got ham strung by COVID19. Well that was the excuse. Businesses not returning to offices, logistics issues, supply issues etc etc. Could a great CEO have found work arounds? Yep. Did they? Nope. They were reactionary, not ahead of the curve, and they got overwhelmed. They languished, the market punished them for it and the share price degraded to its recent lows. They also got stung in the UK and US for alluding to their claim to be effective against COVID19 for 30 days, yet not naming it. Amidst all this, that's not to say they didn't keep on keeping on. They set up offices and authorised distributors all over the world. They secured agreements, contracts and sales for the Transport of London (London Underground), United Airlines, First Student (largest school bus service in the US), John Lyng Group (Restorx), Al Rabban throughout the Middle East and North Africa and Saudi Arabia’s National Food Industries Company (Luna). They have a lot going on and a lot of wholly owned subsidiaries in different countries. The culmination so far is the recent announcements above, invoices being paid, reaching profitability and so forth. + +**Management? Got some grift**: + +The company is run by CEO Paul Hyslop since 2017. **Paul owns 40%** off the company at 66M shares. Next largest individual is the Secretary at 0.5%. **60% of all shares are held by the Top 20 shareholders**. 10% is held by a hedge fund, 4.85% held by Merril Lynch (Bank of America divison). There's not a lot of insider trading as such, Paul sold off 16M shares last year as part of 'realising his long term investment and work’. After trawling through all their stuff I can feel a bit of 'car salesman' in his management, though considering the scale of the growth he'd have been a pretty good one. I can't help but imagine if they had a bit younger, more social media savvy management they would've managed the speedbumps with a bit more finnese. + +**Numbers? Go go gadget** : + +ZNO reach profitability last quarter. In a decent way. They are debt free and their assets far outweigh their liabilities. Revenue last year was $51M, earnings $19M, for a 37% profit margin. Sales increased $12.7M last quarter, $3.4M up in profit. 81% of their sales are B2B, as they shut down retail sales during shortages to prioritise commercial. This position, lack of debt, combined with expansion and realized\\developing distro\\contracts paint a good picture. The P\\E ratio and ROE above are outstanding and this is based off past invoices last quarter, increased agreements and sales ahead. That august report is set to be a cracker. + +Oh did I mention a dividend? If that’s your thing it’s 3%. The strong inside ownership (27% dividend payout) means the dividend payout is well covered by earnings. + +**COVID Impact? Struggle street**: + +While this seems like a COVID play I’ve come to not see it that way. Vaccine rollout seems to be blamed for the decline of the SP often, as does the knowledge that the virus is airborne, reducing the focus on surface cleaning. While certainly it means products such as this are less critical, we are all painfully aware for the need for these products now. I can't imagine the cleaning regimes in public places will lesson for a very long time, if at all. The *perception* that public places should be cleaned and sprayed will remain with us for a long time. Do they need to be cleaned\\sprayed every day? Probably not. Is cleaning\\spraying once a month a good investment for the *perception* of pandemic preventability? I’d think so. So does Microsoft and Boeing.. + +The impact on their business was undeniable although they seem to have got their head around it. Larger distribution centres in Australia have been announced (rather than NZ) as well as brining all plastics productions in house in the very near future. They seemed to have learned their lesson. + +**Bear Arguments:** + +[This article](https://independentaustralia.net/business/business-display/zoono-groups-covid-19-killer-claims-raise-questions,14794) by Independent Australia business news does it better than I could, summarising all the inconsistencies in the business, it’s history and it’s CEO. + +* CEO (Paul Hyslop) was at one point a ‘car mart owner’ +* Potential purposeful use of ambiguity in effectives claims and ‘coronavirus’ +* Grandiose claims of ‘in-first’ and ground-breaking likely not so much +* Issues with patents in US (resolved in latest ann?) +* UK bloke claiming to be authorised agent texting a bunch of people + +**Summary, TLDR**: + +So the company is all grown up and shed its growing pains at the expense of its share price, at rock bottom. Due to this the obvious thing is negative sentiment. This strikes me as the main barrier to share price growth currently. I assume there’s a lot of bag holders and upset people, so resistance as it moved up. It's unloved. The books look great and the future is rosy. The best time to buy stocks. Stocks with a proven history, good balance sheet and amazing projected sales. Microsoft. Boeing. Major media coverage from these contracts has given them a kick up. There's even espionage. The bear arguments are interesting but strike me mainly as ‘corporate creativity’. The effect on vaccine sales doesn't seem to be worrying the big players, I'm guessing the efficacy over daily deep cleans. They’ve used this to expand quickly and globally after floating. It looks like their feet are on the ground now and running. Yeah I scraped a bit of money together to get some and see where it goes, but didn't sell any other good stock to do so. + +&#x200B; + +* Thanks to u/yothuyindi and u/Tacomaster33 for their great posts on how to do DD and all round great information +Being pretty new here, and investing in general, I have started in Jan 2022 and mostly slecet investments on some key fundamental analysis and then some due delligence. + +&#x200B; + +What I have noted here in ASX\_Bets a lot of speculative mining stock investment and wanted to see where to learn more about this aspect, espeically understanding things like drill reports, what they mean, what are the macro drivers, the path to production etc. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Right then. This is my first DD, so please be gentle… Or don’t so at least I can learn something new. + +I’ve been in two minds about popping this up this week after the shambles from the tickers that shall not be named this week. Lot of people have lost a lot of money, and as an XST holder I feel you. + +But, seeing as this is a casino, and we all fucking love the promise of what’s at the bottom of a hole, here’s my take on… + +**Celsius Resources (CLA).** + +Current SP: 0.035 + +Market Cap: $30.80m + +Annual revenues: lol + +**What I know they do** + +Dig holes in the Philippines looking for copper and gold. + +**What they say they do** + +Dig holes in the Philippines looking for copper and gold. + +They believe they have a world-class copper and gold play that they acquired from UK company Anlek who they acquired 100% of earlier this year called the MCB Copper Gold Project: + +Maiden JORC compliant Indicated & Inferred Mineral Resource of: + +·  313.8 Mt @ 0.48% copper and 0.15g/t gold, for 1.5Mt of + +contained copper and 1.47Moz gold + +·  A high-grade core of 93.7Mt @ 0.80% copper and 0.28g/t gold the focus for the Company’s initial studies + +The drilling has commenced, and a scoping study underway + +(This info all from a recent webinar to investors – and here’s some more stuff like pretty pictures: [https://www.celsiusresources.com.au/projects/mcb-copper-gold/](https://www.celsiusresources.com.au/projects/mcb-copper-gold/)) + +So, they’ve got some stuff in the ground, and they’re now drilling holes for the stuff. + +In addition to this, they have another couple of promising looking projects over there that are not as far along, but again – as with all the liars – they reckon they’ve got some good stuff. + +**What else?** + +Cobalt. CLA have a 95% interest in the Opuwo Cobalt Project in Namibia. Which is a large scale project and they’re looking in to how to improve the project viability given recent increases in cobalt prices. + +The mineral Resource update is being conducted and is likely in the June quarter. The project is 30kms from the nearest city, so decent infrastructure (airports, hospitals etc.), and there are actual roads that connect the project to a port (about 750km away) + +**More stuff** + +In the Philippines they are working with the government over there to get their main project on the priority list for fast tracking shit – but it is the Philippines, so there is always a risk in that regard (same with the Namibia play for Cobalt) – but fuck aren’t we all “invested” in some companies in some dodgy locations – and the Philippines isn’t as dodgy as some. + +Given the drilling commenced on 21st Feb there are some near term catalysts on the SP, but there’s been little news on since then on the drilling. So that’s a bit of red flag as well. + +They have a strong board, and have added a few new members recently, all with in country experience in the Philippines and they have delivered working copper mines there as well – which is a tick in my book. + +Having read through their half yearly statements they don’t have massive cash in the bank, which to me screams CP in the near future. But the board did recently allude to potentially selling the Cobalt Project off, which could potentially give them a good cash injection to pile into their operating costs (during the recent webinar). + +There’s enough going on here to make it interesting in my eyes, but the SP did drop 10% yesterday, so I think there will be some interest in this today (I'm chucking a bit in). It seems as good a punt as any at the moment, with some stuff to like, and not too many obvious downsides from what I’ve found (aside from them being liars with holes). +Does this bode well for those of us on the Z1p express? I mean we knew it wasn't gonna be immediately cut off, but this announcement can only be positive for BNPL, right? Right?!? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I'm new to trading (less than one month) and I'm learning a lot quickly. + +One thing I learnt from yesterday was that JXT announced their deal at 8:20am. If I had been scouring the 'Today's Announcement' section on the ASX, I could have put the stock on my watch list and jumped in when it started to rocket. + +Does anyone have any ways they find stocks to make bets on? Be that long term holds or day trading? +Just curious as to much much other Australians are making day trading, and how much $$ they buy and sell during the day. Also small price stocks are your favourite to day trade. +I'm just starting out and put in $2000 and usually make about $60 on average a day. Ik it's not much at all but it's a start. +Also would u recommend day trading US stocks from Aus +TIA +Given how primitive their application form was for this account I'm not surprised they need a 2% offer to attract people, but I thought I would have heard about this by now given how big it was with ING a few years ago. + +Is anyone using the Everyday Global Account? Any thoughts on it? + +[https://www.hsbc.com.au/accounts/products/everyday-global/#apply-today](https://www.hsbc.com.au/accounts/products/everyday-global/#apply-today) +I had a laugh at [this](https://www.reddit.com/r/UKPersonalFinance/comments/ex6xx3/what_is_your_salary_and_how_much_rent_do_you_pay/fg7kxa7/?context=3) thread where it seemed everyone was earning the huge bugs. So i decided to quickly go through it, try and aggregate it and see what the charts show. + +Turns out the numbers are small enough that its easier to just manually tally them up rather than me try to do some trickery on it. The data is ugly and nonstandardised and there were only like 250 data points + +Here is some shitty /r/dataisbeautiful + +Median wage - 37000 | Mean wage - 45810 + +Median rent - 650 | Mean rent - 771 + +[wage to rent scatter](https://imgur.com/Gkq4yBz) + +[average wage per available location](https://imgur.com/Dl5DRWX) + +[average rent per available location](https://imgur.com/9SdpwE6) + +There are some hilarious outlier but overall not that far off from the averages + +No idea why i did this. Enjoy +I would just be prepared, y'all. + +I am interested in real estate investments at some point in the future (although I'm more interested in "flipping" than renting), so I follow a few real estate forums. + +In general, it seems as if landlords are VERY upset about the moratoriums, etc. that are in place to prevent evictions. Many are already making plans for evictions as soon as they are legal. Etc. Many of them don't seem very sympathetic at all...they definitely have the "tenants should have at least some money in savings/they got a stimulus check/state+federal unemployment is a lot" mindset. + +I'd just be prepared, y'all. I know it's hard enough to pay rent during normal times, but I'd prioritize it if you can. Try to communicate with your landlord. "The date" when landlords can begin evicting people again is coming soon in many states. This is a scary time for a lot of people. Love or hate landlords, love or hate the rental "system," we all need a place to live. +# Preface + +I’m not usually one to shill my own coins but I’ve stolen a few good picks from this sub so I thought I’d share a new one I recently stumbled upon. Before I go into more details, I’d like to preface this by saying that I never invest in anything which I don’t think has the fundamentals to last at least 5-10 years and I don’t think this is a project which you will see a few hundred percent gains in a month or two. The hype isn’t there with this project and it’s more of a mid-long term play. If you want overnight gains, gamble on some of the smaller caps posted in this sub which are more like ponzi schemes riding on DeFi hype which you sell to a greater fool. + +# Introduction + +>Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission. + +In addition to the above, they also have a P2P energy trading platform currently operating and is supplying green power to customers in over 1000 towns and cities across Germany. Through their power platform, Lition customers are able to save about 20% on their monthly energy bill, while producers generate up to 30% higher profits since they are cutting out the middle men. + +**However, the real moonshot here is not their already successful smart energy platform (which utilises the same token) it is the enterprise layer 2 solution described in the quote above.** + +Their layer 2 enterprise infrastructure which is still in development will offer infinite scalability through sidechains and nodes staking LIT tokens on these sidechains. Block times will be fast at around 3 seconds and fees will be tiny fractions of a cent. However, the real selling point for enterprises will be that the data on these sidechains can be deleted and can be public or private, with private chains being validated via Zero-Knowledge proofs to verify that the private data is correct. This is huge and makes Lition a solution for a wide range of enterprise use cases due to these optional features. But it doesn’t stop there. Lition is also GDPR compliant - a big deal for Europe based enterprises and for the record, very very few blockchain solutions are GDPR compliant (I believe VeChain is one of the few other projects which are). + +# Important Bullet Points + +* They have a very close partnership with SAP who if you don’t know are the world’s leading business software company. SAP’s Chief Innovation Officer is even an advisor for the project. As stated in the whitepaper: *”SAP can easily implement this blockchain into their existing products and services for their customer base of >400,000, making them immediately ready for blockchain use cases. It is therefore well positioned to become the standard mainnet for business applications.”* +* They have a very active GitHub (well, GitLab to be specific) on their layer 2 enterprise repo with activity in the last couple of days. [https://gitlab.com/groups/lition/-/activity](https://gitlab.com/groups/lition/-/activity) +* They have a partnership with Microsoft and they are integrated with Microsoft Azure Cloud. +* In terms of their energy platform, Lition has a growth target of 235,000 customers by the end of 2022. 3 months ago they stated that they were ahead of their goal. Right now there is a *”solid 4-figured number of new customers every month with each new customer bringing in \~€1,000 Euros in annual recurring revenue”.* +* They have a large, highly qualified and experienced team. [https://www.lition.io/about.php](https://www.lition.io/about.php) +* LIT is Tradable on Uniswap +* ***Oh, and did I mention they support staking?*** Staking returns are currently over 15% for node operators. + +# Tokenomics + +Their token has two primary uses. First, it is a utility token and they plan on making the LIT token the preferred payment method for all of the services on the Lition protocol. Secondly, it is used as collateral for staking which I can see locking up a large proportion of the supply in the future. + +Unfortunately the circulating supply is currently 50% of the max supply but that said, coins like LINK have just 35% of the total tokens currently circulating, so relative to other projects, this isn’t too bad and many of the tokens are still to be earned by staking. + +# Conclusion + +With their existing energy platform seeing real adoption and steady growth in Germany, in my opinion, this alone would be enough to justify their current market cap. However, I can see their second layer solution for enterprise being a really big deal in the future as protocol coins tend to accrue more value than utility tokens. As a versatile L2 solution for Ethereum, LIT gets the best of both worlds - adoption and network effects from Ethereum by helping it to scale as well as accruing value from the wide range of enterprise use cases which can be built on top of Lition. At just $8 million dollars in market cap, it seems to me that their work-in-progress L2 enterprise solution has not been priced in. However, due to a lack of hype and marketing right now, I don’t see LIT exploding in the short term. Rather, I can see it slowly outperforming ETH and climbing up the CMC rankings throughout this bullrun, much like Chainlink did in the bear market. Their building and partnerships over marketing strategy also reminds me when I held Chainlink back in 2018 when Sergey was busy building out the project rather than blowing their ICO money on marketing a bunch of vaporware like so many other projects. + +Personally, I can see LIT becoming a top 100 project (not top 10) as it isn’t the first of an important new type of project like Chainlink was/is but it is an L2 protocol with unique advantages and selling points over other existing L2 projects which scatter the top 20-200 range. This would put the market cap at just under $120 million dollars which is a 15x from here. This is of course a valuation which assumes that the total crypto market cap remains where it is right now at just under $400 billion dollars. However, if BTC makes it to 100K and Ethereum gets to $5K then that is another 10x from here which compounds on any LIT/BTC or LIT/ETH ratio gains. In this scenario, a top 100 project would be worth around *$1* *BILLION DOLLARS* by market cap which is over 100x from here and probably even more if ETH hits 10K and Bitcoin dominance falls back down to the 30% range or below towards the end of the bullrun. ***Disclaimer, the above figures are a theoretical best case scenario and are far from financial advice. They are my moonshot estimates which assumes all goes well for the project and the wider crypto space.*** + +Website: [https://www.lition.io/](https://www.lition.io/) + +CoinGecko: [https://www.coingecko.com/en/coins/lition](https://www.coingecko.com/en/coins/lition) + +Medium: [https://medium.com/lition-blog](https://medium.com/lition-blog) + +# TL;DR + +***TL;DR: LIT has current real world use which is consistently growing with their P2P energy trading platform and has huge potential with their new L2 protocol for enterprise due to its unique features. They have a close partnership with SAP and are also partnered with Microsoft. Currently around #400 on CMC, my target is for LIT to be top 100 by the end of the bullrun.*** + +Edit: [Sorry 4chan,](https://imgur.com/gallery/tIDc4GV) I didn't mean to shill one of your FUDed coins. Lit is a shitcoin scam, ignore this post. +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 +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 +The ultimate coup de grâce would be a minute long commercial showing a vision or real example of what the gaming metaverse would be and a final screen showing either LIGMA, GME sand Microsoft, or any combination of the speculated/assumed relationships that we expect to happen in the future. + +This is pure speculation and I’m ready for the downvotes, but if things are in place enough at this point with the speculative assumptions on future partnerships, then there is no better way for RC to force either coverage of GME’s future OR blatant disregard for the commercial altogether in incredible fashion. +I feel like i am getting decent in trading. My TA us on point and i chart okay, but i am struggeling with finding the next step in my development. + +I wanna take the time to learn but i don't know what to learn. Whenever i open the charts i don't know what to do. I use a lot of market replay to look for plays in the past but i feel like that doesn't cut it. + +I am stuggeling with actually finding plays real time. In hindsight its easy to spot the entry and exit points, but i struggel with finding them in real time. + +What would you concider as the best next step. + +Thanks in advance +How does becoming profitable actually work? I am just here to lay out some points that seem contradictory to me, and I'm looking for some arguments against my points. + +-If everyone has access to the same technical analysis theorums, why doesn't everyone make money? If everyone made money, wouldnt that completely break the system? Stock markets are intrinsically unpredictable. You can literally flip a coin and that would outperform or match all indicators. Some of the most profitable traders have a 20% hit rate but are still in the green, which means that trading is more about risk management than technical astrology. I'm looking into multiple market theories and it seems that the only people who can make actual empirical, justified trades are extreme mathematicians (Jim Simon's medallion fund), and hedge funds. + +-the c0eurses (sorry for spelling, bot thinks I'm trying to sell something) . If daytrading is truly profitable, why are there so many c0eurses? If you had a way to consistently predict the market, you wouldn't be selling a c0eurse, or hell even running a youtube channel for the sweet adsense. You essentially own a real life gta money glitch. Like Jim Simon's medallion fund, their techniques are closed off and rightly so. I know that for every sector of business there are c0eurses, But daytrading is on a whole different level. It seems the allure of buy low sell high on some spikey line bois makes for a better business model of selling c0eurses than the actual practice itself. + +-The 5% argument: "95% of day traders lose money, 5% make money which means there must be skill and work involved". Statistically speaking, this is completely normal for a small outlier to be profitable with the absence of any skill at all. You can throw a bunch of monke from r/wsb, and it's proven time and time again that some people do get rich for no reason. It's essentially a survivorship bias in a way - losses never get talked about and outsized returns are attributed to skill by confirmation bias. + + +here's a plagiarized quote from a fellow redditor: + +"The idea that “someone” is profitable day trading is the wrong way to look at it. Even a tilted casino game can have long term repeat winners, given enough players and enough time. + +If a million monkeys started making trades, one or two of them would beat the market for years and years. You could look at their past trading history and see all their gains." + +I'm not shitting on daytrading. I know that people make money from daytrading, and thst it's a real thing so I just want answers to some of the contradictions I found. +Looking for advice on how to make an non-registered investment. +Currently have my TFSA and RRSP (maxed out) being managed at Wealthsimple, over $100k total to I qualify for the lower fee rate. + +House paid off, only debt I have are the mortgages on investment/rental units I own. + +I have about $250,000 that I am looking to invest into the market and was planning on using Questrade and buying VGRO and setting and forgetting. + +Is this the best move if I am not interested in rebalancing each year? +With the push for cleaner energy trending now days, a strong push to increase electric vehicles is on the rise. + +The four materials in the title are required to make batteries for these vehicles so my questions are as follows. + +Which sector are you guys targeting? + +Which companies look promising to you? + +Do you feel this is a reasonable investment or are electric vehicle production unsustainable/unrealistic? + +Tell me your thoughts, I look forward to the discussion! +Been with Questrade for over 6+ years and overall been happy with the service. I like their web interface but their mobile app is total crap. Curious if anyone has moved over and could share how long it took, and what the experience is like now and what was the final trigger for you? + +I started looking into possibly selling covered calls which made me look into fees and QT fees are pretty steep. +I have invested 1/3 of my rdsp portfolio so far and looking for advice on what do with the rest of it… it’s locked in for 10 years. How much should I keep as cash? Should the rest be ETF’s? I’m mid 40’s low-medium risk. + +BNS 4% +TD 2% +CNR 3% +SU 6% +BB 3% +VEQT 4% +ENB 7% +FTS 5% + +Thanks in advance! +Joined company in May, my expected compensation package included 33% retention bonus paid out in Nov for all eligible employees that started on or before May that year. + +In June the the retention bonus policy was updated to pay out half ,or 16%, twice a year in May and Nov. The cut off for the Nov payout schedule is now updated to 1 day before I started. + +Because of the policy update I did not receive the 33% this year I expected and I also missed the cut off by 1 day I did not receive the retention bonus of 16% this year despite working 6 months. I was also not informed of this change since the email only went out to eligible employees which I was no longer one after the policy updated. On top of that the next retention bonus pay out in May 2023 will not be prorated to my start date despite my offer letter saying "Your first bonus may be prorated to your start date" + +HR simply stated contract says bonus payout policy is subject to changed at anytime. + +Is this wage theft? Washington State. + +EDIT: A lot of people asked me what exactly my employment letter says so I'll just quote it here. + +> You will also be eligible to receive an annual retention RSU grant. Retention grants will be awarded in +November of each year to equity-eligible employees. To be eligible, you must be in an eligible role and in good standing and meeting performance expectations. Retention grants will be set to 33% of the grant a new hire into your role would receive at the time of the grant. The new hire target for your role is currently $xxx,xxx.xx. If this new hire target remains the same, your retention target would be $xx,xxx.xx. Your first retention grant may be prorated, based on your actual start date. On the one-year anniversary of the retention grant RSUs’ vesting commencement date, 25% of the RSUs will vest, subject to your continued employment through such anniversary. The remaining retention grant RSUs will vest in 12 equal amounts on a quarterly basis over the three years following such anniversary. +\-Sales rose 6.5% to $16.7 billion in the months ending Dec. 31 (expected 16b) + +\- IBM’s software unit, the biggest business group, grew 8.2% to $7.3 billion. + +\- The consulting unit, formerly known as Global Business Services, reported $4.7 billion in revenue, a 13% increase compared with the year prior. + +\-Hybrid-cloud revenue grew 16% to $6.2 billion, led by Red Hat sales which increased 19% during the quarter. + +\-Earnings excluding some costs were $3.35 a share, above the average analyst estimate of $3.23. Gross margin was 56.9%, beating the 56.1% analysts expected. + +[bloomberg.com/news/articles/2022-01-24/ibm-posts-best-sales-growth-in-10-years-on-cloud-demand](https://bloomberg.com/news/articles/2022-01-24/ibm-posts-best-sales-growth-in-10-years-on-cloud-demand?srnd=premium-canada) + +I am hoping the cloud demand increase will also benefit GOOG, AMZN and MSFT (MSFT reports tomorrow, GOOG and AMZN next week). Fingers crossed! +After seeing the advertisement with Shaq it seemed very strange that they were advertising their ticker and not the product. After reviewing their 10-Q filed Feb 16 2021 for period ending Dec 31, 2020 it appears they are burning money extremely fast and might not be around long. They have been paying for everything with common stock sales, presumably Shaq included. + +&#x200B; + +https://preview.redd.it/5xx0t3s6nk771.png?width=1902&format=png&auto=webp&s=0177af3464bc1daac22ef85f9a7ffda0ed192c0f + +&#x200B; + +https://preview.redd.it/sroesllqmk771.png?width=1895&format=png&auto=webp&s=a309ca9dee7acad7f5901fd445acac8adddc8da8 + +As of the filing they had 200m shares authorized with only 73m outstanding. Currently they have 88m outstanding. They also hold 100m restricted shares that could possibly be converted to common shares. + +&#x200B; + +https://preview.redd.it/fph6wsxkmk771.png?width=1355&format=png&auto=webp&s=51c1aa9727da6ce4bb3689c1e2031facd68c9f32 + +I'm not sure what share price they would need to reach to dig them out of this hole and create a profitable business model. + +Am i missing something here? its basically a ponzi scheme right? Are in the business to sell WTER stocks and not actual bottled water? + +&#x200B; + +[10-Q i referenced](https://www.sec.gov/ix?doc=/Archives/edgar/data/1532390/000106299321001520/form10q.htm) +I'm a single female, no kids, early thirties and in the medical field. In a few short months, I can move anywhere. I'm new at working on my FI and I'm drawn to CO and OR because they're insanely beautiful but the prices are not. I don't want my location to hinder to my ability to retire in the next 10 or so years as I'd likely earn between 85k-100k no matter where I live. I want to be in a walkable, safe area - not a major city but large enough to meet a variety of people with some mountains nearby. Any suggestions? + +Edit: Thanks so much everyone for all the recommendations. Definitely a lot to research and think about but you guys have given me great places to start! Feel free to keep suggestions coming. +If you filter out all the house price/recession discussions and ETF/investing questions the general path to financial success is earn more, spend less and invest the rest. Of course you can elaborate on each point and go into more detail. However other than that there doesn't seem to be much else. I was wondering surely there is other valuable financial advice out there that has not been mentioned yet. Given this subs younger demographic and well lack of life experience that probably explains why there is less financial advice other than the bare basic beginner steps. So if you ever wanted to say something but never had the opportunity to here's your chance. +Hello. Rather than making yet another "where do I start to get a sense of this" post, I'd rather have your opinions first. + +&#x200B; + +My question is simple: is speding time and effort on algorithmic trading worth it for individual investors, as opposed to more traditional ways of trading? + +Here I am not talking about firms with high frequency trading strategies and such - I'm talking about individuals investing their capital by using algorithmic trading. + +&#x200B; + +As it stands I simply don't know if it's worth the effort - so far I've been investing manually and can't complain, but of course one always wants more. + +Does algorithmic trading tipically give individual investors significantly higher returns than manual trading? +I am building a backtest engine to test strategies/theories on yahoo finance price data. + +I have currently come up with a promising strategy but as far as I can tell it has 3 main problems. + +Firstly, survivorship bias. This is partially neglected by diversification in that if one or two companies went to 0 it wouldn't be a complete loss in regards to the portfolio value. But I could also assume a random chance of complete loss. However, I feel modeling this would be inaccurate due to the fact that bankruptcies tend to be correlated and dynamic in that as interest rates rise the risk increases etc. Therefore, I am probably understating this risk at the moment by not accounting for it but as it is a low probability and the effect wouldn't be insanely catastrophic I would like to focus on other areas of the backtest engine before attempting to remedy this. However, if you think this is total lunacy then please feel free to advise me on how I should model this. I do not currently have access to any other data than free sources though so please bare that in mind. However, if you know some particularly good sources of data I should look at please comment on them. + +Secondly, transaction fees. However, I do have a very cheap transaction rate on the profile of stocks I am looking at and so I think this would make a negligible difference. However, I will in the future model out different transaction fee rates to just get an idea of the effect on performance. + +Thirdly and the big one. I currently am not modeling slippage which I do want to remedy but I am not sure how. My plan is to take the strategy "live on paper" starting in May and use market orders to get initial fill (my strategy buys and sells on the open prices based on custom indicators/outputs from the previous date thus hopefully I am removing lookahead bias) my plan was to then compare the initial fill v the open price and try to model the deviation based on factors such as volume, volatility range etc to calculate a slippage adjusted price. Is this totally stupid? or is there a better way to estimate slippage on buy/sell prices? When modeling the "randomness" on the slippage how should I go about this? I feel that using some sort of normal distribution will just lead to a neutral slippage effect? + +Based on slippage I also have another question my strategy assumes complete reinvestment of profits and the strategy grows significantly over all time periods I have tested. Clearly, at some point, this will affect the price you are filled is there a good way to model this / to estimate how much you can scale up your investments before you need to cut / cap reinvestment. I have seen previous comments in r/algotrading where people have been asked how scalable their algo is and I was wondering how you can work this out? Would it be sensible to maybe use %s of average volume? if so is there a rough rule? +My team and I developed a system, which has been successfully running on the commodities market for a while now and we are looking to expand into the crypto field now. + +On average our system executes about 5 trades per day on one instrument and stays in one trade for about 20 minutes. At the moment it could be considered a "taker algo" as it exclusively uses Market-Orders. + +We are mostly looking to trade BTC and ETH currently, because we need high liquidity. + +It would be great to get a few hands-on reviews by people, who have actually been running their algos long term. I got a bunch of questions. + +1. Do you run arbitrage systems to drive up your trading volume to lower your fees? As most (not all!) arbitrage algos tend to break even at best these days, is there anything in particular you can recommend? +2. What is your exchange of choice? Why did you choose it? It seems like Binance Pro got a very high volume and might be the best choice, but in the past I had various bad experiences with them and am now leaning towards Kraken Pro (downside: lower liquidity). +3. Are you working with limit orders or market orders? It would be possible for us to implement a system, which exclusively works with limit orders, but then again we are a bit worried about partial execution affecting performance of the system. +4. Do you run your algo on the spot-pair or on the futures-pair of your respective exchange? + +Thanks in advance for your answers. + +Any input would be highly appreciated. +edit to add: Thanks /r/joeledg for the suggestion on **LightSpeed**, I looked into them more deeply and have engaged with Robert Morse over on Elite Trader. They do tick off all the boxes (except the last, but that's really last on my list and not important) below. Please ignore the total misinformation (what really is the point of that??) you'll find in the responses below. + +[https://www.lightspeed.com/automated-trading/](https://www.lightspeed.com/automated-trading/) + +I ignored them before because of lack of API focus, but just found they support colo/cross connect as well as everything else on the list. So that is pretty savvy. + +It's possible the retail API trader is too small of a market to focus on exclusively, but that doesn't stop with providing them good service anyways. I still think there's an opportunity there with the right prioritization and engineering team, but that's a different discussion. + +\-- + +Looking for a broker, ideally API Only. (Competitive with IB!) + +Some ideal features - + +* API retail traders are warmly welcomed, supported, and encouraged +* Should go without saying, but dead simple, rock solid security. +* US stocks/options support +* pure focus on API/algotrading, very basic UI (none is fine with me), no market data support but see below regarding latency. +* low commissions, obviously, but more importantly described and billed with precision and transparency +* order execution transparency, flexibility. Smart routing isn't that important to me, but I do need fine grained control +* order fill ratio rules with smart billing and generally well implemented throttling +* detailed latency comparison against exchanges and routing performance (how fast do messages flow through your broker to exchanges). Focused support for the usual algotrading trading suspect exchanges here. Know your customers. +* DC co-location / cross connect support / generally great network infra +* API performance / C++ support / protocol serialization speeds. Clear, simple python facade to C++ API. Fix is nice, but not required. I want speed and control. +* latency compatibility with data providers (broker doesn't need to supply market data, but needs to ideally have colocation offering which has very low latency against low cost API data providers, eg nanex or nanex like offering) +* paper trading / dev account for staging new code. +* great documentation is nice, but constantly updated example code is required. Best to simply have a reference implementation used for full coverage integration testing that you support. Use good tools to measure coverage. Example code be similar to average use cases. Github for that code would be wise. Think like a developer! +* broad markets support is nice (futures,forex,international, OTC,bonds,etc). + +Add your ideas, fellow algotraders. +Hi there, + +&#x200B; + +I've written a program in python that goes through a list of stocks on an exchange (just the NASDAQ and NYSE for now), gets the stock's data and makes a few calculations etc. The problem I'm facing is that it takes over a second to analyse each stock, i.e. hours to go through the whole of the NASDAQ. + +&#x200B; + +I think the problem comes from fetching the data, as each stock needs a different url, and fetching the data from each url is taking a lot of time I assume. + +&#x200B; + +I'm using the iex api, where Apple's data looks something like this [https://api.iextrading.com/1.0/stock/AAPL/chart/1y](https://api.iextrading.com/1.0/stock/'+sym+'/chart/1y) + +&#x200B; + +Has anyone had experience with the iex api and does what I'm experiencing sound normal? Is there a faster alternative anyone can recommend? + +&#x200B; + +Thanks in advance. +[https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html](https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html) +Link 1: http://www.reddit.com/r/investing/comments/t70ia/these_past_couple_of_weeks_are_the_beginning_of_a/ + +Link 2: http://www.reddit.com/r/investing/comments/ug26w/i_predicted_the_current_crash_a_month_ago_its_sad/ + +"Sell in May and go away" he said. He described it as "the beginning of a greater market crash". He warned of the upcoming elections, 2012 wold-end paranoia, cap gains tax fears, and through it all, the market has climbed a wall of worry to return more in half a year than it does in an average year. + +I bookmark predictions on this SubReddit now and again. I can't say there's a pattern yet, but there sure are a lot of people who boldly claim things that turn out to be dead wrong. Mostly, I just think it's ~~funny~~ curious that folks cite a few broadly-known facts as if they weren't factored into the price of things. + +But I digress. Anywho, happy holidays everyone! + +--- + +**Edit**: Funny was a poor choice of words. I corrected someone in a comment below that I wasn't 'laughing at' the OP of the above threads, only to find that I had used 'funny' rather than 'curious'. I'm bilingual, and in German there are two words (one for 'funny haha' and one for 'funny weird/curious' - I meant the latter, FWIW). + +Anyway, I apologize if that put the wrong kind of tone on the above, *but I do not apologize for addressing publicly-posted predictions by participating Redditors*. + +I strongly believe that a lot can be learned from looking back on these, and that if someone puts their opinion out openly they are inviting critique and commentary, both at the time and down the line. +I came across these comments: [https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/comment/gjnuayj) + +[https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir\_demo\_day/gjnytkc/?context=3](https://www.reddit.com/r/wallstreetbets/comments/kzgcsg/palantir_demo_day/gjnytkc/?context=3) + +And am curious if anyone echoes this sentiment, or if they have had a better experience working with the software... + +EDIT: There is an overwhelming amount of "advice" about investing in this company, which is fine, but the point of this thread is to gather user experience to determine what the sentiment is of boots on the ground. Part of my due diligence about this company is finding out how the users like it, not hearing the same regurgitated $1000 in 1 year garbage, or "it's a sure thing". + +I would urge anyone with experience using it to be critical, as I think the comments going against everyones confirmation bias are likely the most important. + +EDIT EDIT: It's really unfortunate that people are downvoting critical comments of the software, as those are exactly the types of comments this thread is meant to be embracing. Before you downvote, try and wrap your head around the context of the thread. I would also say, that downvoting things that oppose your confirmation bias is VERY revealing about the state of this sub and others - anyone should see that as alarming. + +EDIT EDIT EDIT: It's interesting to note that those two comments have a significant number of upvotes since I have referenced them. It's hard to reconcile the overwhelming positivity in this thread with the echoed sentiment on those comments. Something just doesn't add up to me. It tells me that more people entering this thread are of the opinion that the software isn't all it is cracked up to be, but the comments here don't match. + +A user (u/eqpofr) had asked in a comment sure to get buried: + +"Can commenters state in what context they used the software, and what their main tasks were, in addition to whether they liked the software or not? Context matters a lot and it's lacking in the discourse I'm seeing here" + +I agree that that information is important. +# Guys, I can't believe this is happening to me. I will start from the very beginning: + +My dad passed away last April (2021). His life insurance policy paid him out $140,000. My mom was the beneficiary. My mom gave me $70,000, as a gift. I put $40,000 into the citibank savings account. I then added $8,000 from my personal checking with TCF. Then I added $5,000 from the same account. Well, when I added the $5,000 from TCF, that was the week they changed over to Huntington bank. So account numbers changed. The deposit was denied. Okay fine, no biggie. A few weeks later, they send me a letter in the mail saying that my account is being closed to due fraudulent activity with the mention of the $5,000 deposit that was denied. That was the only thing mentioned. My account has been blocked for about 10 days and I have no access to that money. + +I have spent hours and hours on hold with citi bank, and transferred around with different people because nobody has any idea what they are talking about. They are literally reading from a script. Nobody could tell me why my account was flagged for "fraudulent activity". + +I finally got to talk to someone today who gave me some information. He didn't tell me the reason it was being flagged, but he did tell me this. + +THIS IS WHERE IT GETS CRAZY. + +My money has been transferred to the federal government because it has been determined by the fraud department at Citibank that the money *is not mine.* My money isn't even with citibank anymore, it is with the federal government. + +Nobody has contacted me to get more information, or proof that it is my money. Nobody has investigated. They just decided "ope, that's not her money". And gave it to the mother f\*cking government. + +I spoke to my financial advisor and he told me to file a police report. + +Any other advice? + +EDIT: Citibank called me and informed me that my complaint to the CFPB was received with the proof that my money was actually my money and they overnighted me the check. Phew. Glad I didn’t have to go through the court systems with this one. +High level background: + +&nbsp; + +1. withdrawing from taxable account (stock investments and dividends) +1. roth conversion ladder + +&nbsp; + +This will mean I will be taxed on money converted to roth and money from taxable account (living expenses). + +&nbsp; + +**Question: How to minimize taxes in this scenario?** + +&nbsp; + +I couldn't find any articles detailing this process but most articles suggest they keep their taxes low during this phase! but how! lol +Hey everyone, + +Sorry for the depressing topic but i'm having a bit of a rough patch and needed some advice. Bit of background 27, married, 1 child single income earner. NW around 200k (401k, Roth IRA, Crypto, Vanguards, Investment house and personal residence) 100&#37; in my name, no joint account as my wife is a SAHM and made & spent her whole salary before we had kids (10k/year) + +My wife and I are really having a hard time seeing eye to eye and I fear that divorce is going to be inevitable. For the sake of our child we are trying everything to make it work but some people are just too different to work. I'm not looking for relationship advice so please save the "counseling" type advice, I'm trying everything I can but pessimistic about the future. I was young, dumb and in love and regret not getting a prenup. + +I'm asking if anyone has any advice on how to minimize losses during a divorce. Is there anything or anywhere that my money would be safe. I'm wondering if crypto would be a good place to hold my liquid cash? Also my investment property was purchased by me prior to marriage so I've heard that in the event of divorce that property owned prior to marriage isn't included. Maybe pay down the loan as much as possible and Refi? Last option is to try and get a lawyer to write up a postnup. My wife is probably less likely to be understanding during such trying times. Also any divorces willing to discuss how you recovered. + +Financials aside I feel like everything I've worked for my life is falling apart. My biggest push to retire early was to spend time with my wife and child and now it seems like I'm losing everything, wife and child will be gone, as well as my ability to retire and my reason to... + +And to the unmarried crowd.... no one gets married with the intent of divorce. I love my wife to pieces even as we are going through these hard times but people change and unfortunately she doesn't feel the same way towards me as she once did. I would suggest a prenup to every and anyone. It would make a lot more sense to divide assets while things are good instead of when things are bad. + +Edit: Thanks for a lot of advice guys. to add a bit more, we are planning to go to counselling, and no I'm not trying to do anything illegal or "hide" assets. Ideally we work everything out and live happily ever after but... in the event things don't work out i'd like to be prepared and likely will talk to a lawyer. I posted below a bit more detail. If we did split i would want 50/50 custody and would be more than happy to pay enough to give her a comparable lifestyle until she can provide on her own or got remarried. taxable account, primary residency, cars etc i would have gladly signed away in a prenup the retirement and investment property is my biggest concern though. for example I've heard if it's in an LLC it's not tied to you... that may be incorrect to. I'm just not sure. +There are a lot of mortgage threads in r/personalfinance. One thing I haven’t seen mentioned lately is that there is an avenue to get a house with ideal terms: $0 PMI, 0&#37; down, $0 closing costs, and a rate below what you would get with a 850 FICO from a conventional bank. There is a nonprofit organization called the Neighborhood Assistance Corporation of America (NACA, [www.naca.com](http://www.naca.com/)) that does this. You can put down more than 0&#37; down if you want – it isn’t required, but given how some people here are debt averse I thought I’d point that out. The mortgage will still have better terms than you could get from any bank. + +**What is the catch?** + +A few things to be aware of: + +1. You will be subject to underwriting standards far more rigorous than any conventional mortgage. The \*initial\* qualification process will take 2\-3 months, maybe more. NACA doesn’t want to lend to anyone who gets into a house they can’t afford. After you are NACA qualified, it takes them the normal \~30 days to close in most cases. But for the initial approval, be prepared for the financial equivalent of a colonoscopy. + +2. You cannot get a NACA mortgage for a investment property, and technically you aren't supposed to later rent the property (it should be your primary residence \- but they have no way of checking this). There is an exception for multiple unit properties. As long as you live in one of the units, you can use NACA for a multiple unit property. + +3. You cannot get a HELOC on the property later, NACA considers them predatory (you could refinance to get a HELOC later if you wanted to). However, NACA will lend for re\-models or "wish list" items (marble countertops, etc. \- things you normally use a HELOC for) up front. + +4. If you are in a "hot market," you should be aware that many seller's agent's don't like dealing with NACA (because NACA has more stringent requirements than traditional banks). That is why you don't mention NACA to whoever you are buying a house from until after your offer is accepted. You include in your offer a pre\-approval from a traditional bank. Once your offer is accepted, go with NACA \- you can't be stopped from using whatever financing you want. + +Even given the catches \- given the terms \- I think its 100&#37; worth it. + +**No really, there has to be other catches \- those aren't bad. What is it? How do they make mone**y? + +Really, there isn’t. You just have to jump through their underwriting hoops. NACA is a nonprofit. They don’t make any money from this, which is why they don’t advertise it. The mortgages they underwrite are funded/serviced by either Bank of America or Citibank. + +**I thought programs like this were means tested (e.g. must below $X income)?** + +This is not a program which is means tested. You could be a millionaire and get a mortgage through NACA. People who are higher incomes are “non\-targeted members” who are subject to [purchase price caps](https://www.nacalynx.com/nacaweb/purchase/maxPrice.aspx?language&menu=none), but the caps are very high unless you live in NYC or another ultra\-high cost of living metro. For example, in my medium cost of living area the purchase price cap is $400,000 and you can get a mansion for that price. + +**Is this one of those first\-time buyer mortgage programs?** + +Nope! You could be on your 3rd mortgage, it doesn't matter. As long as you are selling one house and moving into another one that is your primary residence, you qualify. + +**What about new construction or refinancing my existing loan?** + +New construction qualifies, as long as it is your primary residence and you own no investment properties. NACA has a refinancing program, but it is less fantastic than their purchase program. +In my last post I highlighted that Interactive Brokers is exiting membership of the MBS division of the FICC. [https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive\_brokers\_intb\_to\_retire\_from/](https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive_brokers_intb_to_retire_from/) + +It seems today the Fed is removing a special account from DTCC membership. From previous research I believe this is because of the new rules we've seen being put into place wherein the MEMBERS of the DTCC are the first parties to pay for any default of other members before the DTCC will start paying for itself. + +I believe members are trying to exit stage left before the DTCC can foot them with astronomical bills - anyone who does not need to be there for their business to function should all start departing. We can watch over the next few weeks. + +If anyone knows what the purpose (unlikely to be public information) of this special account is, please enlighten us all. + +[https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf) + +https://preview.redd.it/w987drz7ejx61.png?width=772&format=png&auto=webp&s=a65a5e53ff2e6212fbaa63c09acc6f474cfc9abc +I’ve recently acquired my first rental that needed around $100k of work down both internally and externally but was able to afford it. Now that’s I’ve upgraded the house and put it on the market for a fair price, I have been flooded with messages for potential tenants and each have a unique and most times a sad story. The house is in a working class community but have received around 40 different people interested in less than 24 hours. + +This is such a tough call to make but would like some input in how people here have selected tenants before. + +It’s a single family house in a booming city. 3bd/2ba asking around 3k rent with a modern interior, new exterior work and a nice back yard in a central location to the city. + +Any advice would be greatly appreciated! + +Edit: Thank you all so much for such great advice! I ended up choosing the candidate that offered to pay the whole 1-year lease + security deposit in advance! +Hello i’m looking to purchase my first rental property in NYC. However because of cash restrictions, i could only afford 20% for a multi family house up to a million dollars. My question is, is it okay to break even on a rental property? I plan to hold the property for a minimum of 10 years, and with the amount of money i’m putting down and the average rent rates it’s looking like i can only cover the mortgage and expenses. + +I would like to stay in NYC for this property as i reside here and would like to manage it myself. I’m hoping to buy a multi family and make around 4000-5000 in rental income per month. + +Will breaking even make rental properties feel like a chore since i’m not making any cash up front? Is it still a good investment? +I have 3 MF, total of 13 units. To this point, I’ve just been using a Google Sheet P&L as my “accounting software”. It doesn’t seem all that arduous, but I’m wondering if I just don’t know any better. + +I see QuickBooks and a few other names thrown around as accounting solutions and it makes me wonder if I’m missing out on some game-changing value. I’m just not very familiar with these programs, so can anyone summarize what I’m missing out on versus the ol’ Google Sheet? +Hello Peoples! + +My elderly father was just given an offer on a property that is really run down and needs a major rehab. The offer was something I have never come across so I wanted to know what I am missing. + +Offer: + +* $35k instead of $39k for a land contract +* He would put down $5,300 to cover fees and closing costs and give a bit of a down payment on the place. +* The contract would be a 10-year land contract with a balloon payment in 3 years. +* The flipper would rehab by spring and back on the market in summer for hopefully a quick sale. +* Flipper would agree not to rent out the place until 40% of the property has been paid off. + +My concerns are that my father is carrying most of the risk whether it be market, shady contractors, contractors that get hurt on the project, and probably more. + +I would counter that there needs to be a monthly payment with a high-interest rate and all sorts of language regarding the rehab and protecting my father. + +What am I missing? Has anyone come across something like this? Thanks all! +Link to the spreadsheet: + +[https://docs.google.com/spreadsheets/d/1jMfRqAdryJ3Bg0hkKuTbHc-ip77c0FF-xx2KXzagF4g/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1jMfRqAdryJ3Bg0hkKuTbHc-ip77c0FF-xx2KXzagF4g/edit?usp=sharing). + +There is a Tab called "Blank Scenario" that you can run your own numbers through. + +The numbers used are facetious and are just there to test the sheet. + +Thanks! +What are the track records of all the big real estate Youtube channels like Ken McElroy, MeetKevin, etc? Are we thinking these are accurate predictions of the housing market? Or are they doing this all for clicks? +So if I have a rental property valued at 375k, the 1% rule says I can charge up to $3,750 for the property. + +But similar 2bedroom, 2 bath 2k square foot properties are renting for around 2.5k. + +If the mortgage is 1.9k will 600 a month be enough of a buffer? +Hi all, + +A few years ago I decided to go with a dividend stock portfolio (for my Canadian allocation). Something I've realized is that I do not have as much time to keep up with the different companies I own, perform proper analysis, etc. Therefore I've been thinking of switching to a 1 to 3 ETF approach for simplicity and keep contributing to it as I have enough funds. + +Where I'm struggling is deciding when to sell my current positions in these various dividend paying companies. Because of when I purchased some of these companies, I have a mix where some are still trading for higher than I purchased, and some are lower. + +Would I be wise to wait and sell when they are closer to their highs? I know I can't time the market so am thinking waiting will provide no advantage versus selling everything over the next while and taking those funds to something like VEQT. My thought is it wouldn't matter much as VEQT would be down a similar level to what my portfolio would be and therefore selling lower than when everything was so high wouldn't have that much of a negative affect on returns. + +Not sure if this makes sense, but am curious what others would do or have done in this situation. The ideal situation would have been to sell everything when TSX was at an all-time high, wait for the down turn, and then buy VEQT, but that's a bit unrealistic :). + +Thanks! +Superior Plus is a company that I have followed for a long time now. I started looking at it after it sold its construction products distribution business back in 2016. At the time, that left the company with two divisions: a chemicals division and its namesake propane distribution business. The nature of the two businesses never sat well with investors. The chemicals division was cyclical and not very large, while the propane business was stable. It tried to beef up the division by acquiring a competitor (Canexus Corp). The deal was eventually turned down by regulators due to anti-competitive concerns. This left the chemical division in a bit of limbo as Superior decided to pursue expansion of its propane distribution business. Last February, the company finally divested its specialty chemicals division to Birch Hill (an interesting company in its own right) for $725 million, thus finally ending the dual nature of the business, leaving it as solely a propane distribution company in both Canada and the US. The real question is: as a stand alone propane distribution company, is the company a good investment? Well lets look at it. + +Propane distribution is a margin business. The company does not manufacture propane at all, it is simply a delivery and logistics company. It sells to residential, commercial and wholesale accounts in both Canada and the US. This is the type of business that benefits greatly from scale - and scale is what Superior is going for. Since 2017, the company has acquired numerous propane assets, in varying size and geographic reach. + +https://preview.redd.it/7eovh1bz7qr81.png?width=1428&format=png&auto=webp&s=ec545c67663cfda7a4a1bed192e6d11dbf76ce8d + + This has allowed Superior to diversify across regions, especially in to the US, and to get the scale that is needed to gain the needed efficiency. How this works is the company will buy an independent company much like its own. These range in size from literally family owned operations to medium sized regional players. The average price is around 8 times annualized EBITDA. The company then, usually over 2-3 years depending on size, combines back office functions, re-brands, an integrates them in to their administrative, supply, and technological backbone. I am not usually a fan of the word "synergy" but this is actually not complicated at all. In all cases I have looked at, Superior is usually able to ring out about 20% to 25% of cost over the integration period bringing the post-facto purchase price in to the 6 times EBITDA range. This is basically a classic roll-up strategy. Buy your under-capitalized competitors, ring out the costs, and repeat. However, you need a lot of capital and cashflow to make this strategy sound. So on to the next point. + +While propane distribution is not a glamorous business, it is a sticky business and it is relatively predictable. In fact, the correlation to the economic cycle is very low. It is much more correlated to weather. Another facet of the business is it generates a huge amount of free cashflow. This cashflow can be used to help payoff debts accumulated from their acquisitions and to pay a hefty dividend. + +https://preview.redd.it/y1kpnc628qr81.png?width=667&format=png&auto=webp&s=5b1c8ae3128737d15c50f5b1024a1c329700bc27 + +Superior continues its acquisitive nature, and the company now estimates that EBITDA will be between $700 to $750 million by 2026 from a current EBITDA of around $400 million. If they are able to maintain their free cashflow conversion, this company will easily be able to manage its debt profile while simultaneously growing its dividend. + +Now, for a bit of bad news. Due to its acquisitions, the company will have to intermittently raise equity capital. This is a condition I do not like. When a company sells equity, the are effectively diluting existing shareholders. However, I do find a glimmer of hope in this fact as well. Brookfield Asset Management (BAM.A on TSX) completed a large PIPE transaction with Superior in June of 2020. This has allowed the acquisition binge to continue and brought in a large shareholder that I both respect and admire. And this equity infusion does not appear to be a one-time event. Recently Superior did a bought deal for $250 million to beef up its balance sheet, maintain its debt covenants, and maintain momentum. Well, Brookfield committed to nearly one third of the total, $75 million. This is comforting - Brookfield is in this to make money. + +So is the stock at current levels attractive? I seem to think so, and I believe that they have a good, easily executable path going forward, with an anchor investor that has deep pockets. The current dividend yield is over 6% and is paid monthly - so you get paid regularly for your patience. The price multiples in regards to EBITDA and cash flow are modest, especially for a business that is fairly stable with good free cashflow generation. I like the infrastructure like nature of the business - not sexy, but stable and growing. Then their is the kicker. This business would fit well into Brookfield, specifically its Infrastructure division. But there is even more. Marquard & Bahls, a European energy company also has a large stake in the company - somewhere north of 15%. The company now even [lists it on its website](https://www.mbholding.com/portfolio) as a "Pillar Investment". This makes me think that at some point in the future, this company may go in to play and find a new home. But even if that doesn't happen, I believe this company will continue to provide stable, profitable growth, with an outsized dividend that will grow in the future. Now that's cooking with propane! + +Disclaimer: I own this stock. You are all adults, due with this information what you will. I mainly like to write these case studies to get my own thoughts straight and to get feedback and opinions from the community. +Hello friends. So my TFSA and RRSP are going well and I'm thinking of opening a non-registered account. I do my own taxes and I'm use to a really simple tax season, T4, I'm single, a renter... and after a bit of research on taxable accounts, it looks like it would add some hassle to my taxes. I've done prior research on the topic but I have yet to find a simple way to hold and deal with a taxable account. FYI, I'm a buy and hold, long term horizon (20-30 years) investor. + +\_What do you guys hold in your "simple to deal with" taxable account? I'm aware of tax favorable Canadian dividends. Would the dividend from XEQT or VDY be considered a favored dividend? + +\_I heard some brokers make life easier providing all the necessary reports for tax season. I'm currently satisfied Wealthsimple trade customer. Do they have a report for tax season? + +\_I keep hearing about ACB's, the ACB website that is supposed to make your taxes easier. Honestly I'm kinda lost with that and I mostly just glanced over it. + +Anyways, if someone has simple step by step solution of holding a taxable account, what type of securities they hold in it, will buy frequency make my taxe season more complicated and what to they do when it's time to file taxes, well that would be great. Thanks yall! +Planning to buy a condo in the near future and (what seems like) a great deal has come up in the building I currently rent in. I’d love to put an offer in but also want to make sure I do it tax efficiently. I recently received a bonus from work and deposited it in my RRSP with plans to start looking after the 90 period, then withdrawing and using it as the down payment. I’m hoping to get some input on whether I can use funds from my non-registered account for closing, then withdraw from the HBP after closing on a property to replace the funds I withdrew from the NR account. What do you think? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +I think we can all agree that the market's a bit unpredictable at the moment. I'm personally convinced that a second wave will hit in the fall, when people become more relaxed and cold weather comes back. I think it might be a good move to put my cash reserves in gold rather than taking advantage of that terrific 0.25% Tangerine savings account interest rate. + +I'm not new to investing but I've never been serious about investing in a physical commodity. I've found a few tickers for gold but they all seem to be for mining companies and not for the actual precious metal. + +My question for everyone is - how do you invest in actual gold? I'm using Questrade at the moment. + +Bonus question: is this even a good idea? +As we close out this crazy year, Bitcoin is hitting all-time highs again just like last year. I know the famous saying of time in the market is better than timing the market but I can't help myself getting emotional about these insane prices! Before anyone attacks me for gambling and throwing my money away with this idea, I just want to say that I do usually contribute the full amounts to both of my TFSA and RRSP accounts in 95% VGRO and 5% BAM.A.TO. I have also have about 9K for my emergency fund in EQ Bank and the only debt I have is my mortgage of 135K. + +I have done some studying in this topic and I know that WealthSimple offers some form of Bitcoin investing. I was talking to my new co-worker and he said that he used another company to buy his Bitcoin because it was cheaper and because WealthSimple only allows you to buy Bitcoin in a taxable account, but I forgot the name. He also talked about his Bitcoin wallet which I found really weird because I thought that Bitcoin was all digital. + +So, I have a few questions for you guys. Is it a bad idea to buy now? Would I be stupid to invest at the top? What other brokerages can you buy Bitcoin beside WealthSimple? Is there a physical form of Bitcoin and is this why I need a wallet? What do you guys think will happen with Bitcoin next year? I am thinking of having 5-10% of my portfolio as Bitcoin, is this too much? +&#x200B; + +https://preview.redd.it/1wp54hawkxv71.jpg?width=1200&format=pjpg&auto=webp&s=7ecd5334a10dff285b5c37fd741500bb904e2c59 + +Please be seated, apes. Class is about to start. You two in the back. Turn down the Wu-Tang. Rick. Rick! What are you doing with that banana? Put it away. There we go. + +Now, class. Today we are going to learn about Loopring, ZK-Rollups, and Layer 2. But before we get there, we first need to talk about the blockchain, because none of this is possible without it. How does a blockchain work? Well, let’s watch a little video about it before we get into the nitty gritty of how Loopring works and why it will help our favorite company. + +[https://www.youtube.com/watch?v=SzAuB2FG79A](https://www.youtube.com/watch?v=SzAuB2FG79A) + +Ok, so did you learn something new? Yes, that video was about Bitcoin and not Ethereum, which is what we’re going to be focused on here, but the basic principle remains. A blockchain is a chain of transactions, all connected to each other, each showing a transaction that is verified by the whole network. Now, something not exactly mentioned in the video is that verifying a block on the chain takes work. Lots of work. Crypto miners spend vast amounts on video cards and electricity to mine the blockchain, and though it takes many confirmations to prove a block in the chain as verified, only one person gets the reward. + +So, where does the money come from? Well, gas fees. A gas fee is the money required by a user to write new information to the blockchain. So, each transaction comes with a gas fee. This fee can fluctuate too, so it’s not a flat rate, which is pretty annoying. You can also pay more to get in a fast lane to have your block verified faster, which of course costs more in gas fees. + +So, this is a huge problem for using crypto, especially for a business like Gamestop. You can’t be charging customers huge gas fees that vary every minute for every transaction they make. No one is going to like that. So, what to do? + +Enter Loopring. + +https://preview.redd.it/zgtqio63lxv71.png?width=2321&format=png&auto=webp&s=6fd325b377926489a110eacce2c5db9b06a2fd66 + +Loopring provides a Layer 2 environment which—through the use of ZK-rollups—can drastically reduce gas fees. And it can do it on a massive scale already. + +So, we just used a lot of terms you might have heard but are not actually familiar with. Now pay attention because this vocabulary will be on the test. + +So, Layer 2 is probably the easiest to understand but especially once you understand that Layer 1 is simply the Ethereum blockchain itself. Think of it like the highway, whereas Layer 2 is an exit off the highway. So, Layer 2 is not on the blockchain. It’s off-world. Another analogy would be to think of keeping a document on your hard drive. You can change it all you want on your hard drive. But once you load it on your Google Drive, it’s accessible to others. + +Layer 1 is online (on the blockchain). + +Layer 2 is offline (off the blockchain). + +https://i.redd.it/yq8scydilxv71.gif + +“But I thought we wanted to be on the blockchain,” you might be thinking. Good thought, ape. I hope it didn’t hurt your wrinkles too much coming up with that. But the fact is that through the power of ZK-rollups, Layer 2 enables us to interact with Layer 1 much more efficiently on a large scale. + +Ok, so what is a ZK-Rollup? + +Before we get to the rollup part, let’s look at ZK, which stands for ‘Zero Knowledge’. But this is not the sort of zero knowledge many of you smooth-brains might have about the world. This is specifically based on a branch of cryptology that is decades old. It was originally designed for the sake of privacy, but that is not the purpose that Loopring uses it for. + +Still, let’s look at an example of how a Zero Knowledge algorithm might help sustain privacy. A great example from Matt Finestone (now CFA -Head of Blockchain at Gamestop) from [this interview](https://odysee.com/@ChrisBlec:8/chris-learns-live!-intro-to-zk-rollups:a) is that of verifying a birthday in order to purchase alcohol. So, in the US, you must be 21 to prove alcohol, and the way to verify your age is with your driver’s license, which shows your birthday. But let’s say that you don’t want people to know your birthday. You’d rather keep that private. But you need a bottle of Monkey Shoulder whisky to sip on while making dank memes and watching green dildos. Well, that’s where the ZK algorithm comes in handy. + +Think of the ZK algorithm as a black box. You insert data into one side of this box (your birthday in this example) and out the other side comes a fingerprint in the form of a string of letters and numbers. Just gibberish to our eyes, but it is verifiable proof that you are over 21. You can buy your whisky. And you don’t have to show your birthday to anyone. Just this fingerprint that the ZK blackbox has spit out, which states with 100% accuracy that you are definitely over 21. + +Ok, so that’s the ZK part of ZK-Rollups. But remember how I said that Loopring isn’t using this technology for the sake of privacy? Then what the heck is it using it for? + +The answer, my fine silverbacks, is scalability. + +What Loopring does is to feed this ZK blackbox not one piece of data (e.g., your birthday), but many, many pieces of data. Thousands. They feed the machine these thousands of bits of data (for example, 4,000 birthdays) and out comes that one, singular fingerprint. But now, instead of this fingerprint only verifying you, it verifies 4,000 apes. And while the gas fees for 4,000 transactions on the blockchain would be preposterously high, with ZK-rollups, you only need to submit this single fingerprint to a smart contract on Ethereum. Thus, the gas fee for this one transaction can be spread out amongst the 4,000 users. + +Not only is the gas fee drastically reduced, but the time spent to verify the information is reduced. If it takes 1 second to verify a new block on the chain, for example, now you don’t have to wait 4,000 seconds for all of those transactions to be written on the chain. You only need 1 second. + +Reduced time and reduced price. Not so bad, eh? + +Now, this is just a brief overview of Loopring, Layer 2, and ZK-rollups. There are a lot of intricacies and moving parts (such as Merkle trees, taking Ethereum 2.0 into consideration, and so much more), but all you need to know for the upcoming test is that ZK-rollups make writing batches of date to the blockchain faster and cheaper. + +Class, I’d like all of you to leave a comment about what you know about this topic. Or, if you have any questions, please let me know. I’d also like you to theorize, if you are able, about how Loopring’s technology would be beneficial to our favorite company. Remember, I will have no stuffing of bananas in various orifices in my classroom. + +Now, get to discussing! + +&#x200B; + +https://preview.redd.it/akw7uijolxv71.jpg?width=520&format=pjpg&auto=webp&s=2b061839913868c268f8cc96bc63f01e5f3157ec +I am working towards a path of FIRE and am excited at the possibility of not being held to a job out of necessity. I grew up poor and saw the value of hard work and perseverance in order to be financially successful. + +On the flip side, what is it like as a kid growing up with parents who are FI and do not work. I can't imagine growing up not having to worry about money. Or having the luxury of travelling with your parents. Or not having to juggle jobs/daycare in order to struggle to keep up will bills. I'm curious to hear about how these kids grow up. + +Do the kids end up spoiled? Do they not get instilled any values of hard work? Does money not mean anything to them because they've never seen their parents struggle. Imagine always having your parents safety net to fall back on so you never really have to "fight" for anything. What do you need to be aware of when raising kids when you are FIRE? +Tesla is down like crazy recently. Yesterday TSLA was down 11.41%, marked the 7th consecutive red days, it’s probably due to the production cut of Shanghai factory in December and January. + +[TSLA trading volume daily](https://preview.redd.it/9rz5vxhsem8a1.png?width=722&format=png&auto=webp&s=340ea96c85f70a03efe45735c97f3b7fe751767c) + +Since the start of December, TSLA is down 45% with increased volumed after mid-December. The trading volume of Tuesday is remarkable considering the subpar trading volume of the main indices. And with that volume and that % change, TSLA is not seen any sign of slowing down in near term. + +[TSLA daily basis support](https://preview.redd.it/frbeodjuem8a1.png?width=1470&format=png&auto=webp&s=00d49eb28496047b009acdf07383e4289f08981e) + +The next technical support level I found is around 91.52, which was tested and confirmed more than TWO years ago. But comparing the cars of TSLA competitors, TSLA cars are not attractive to me, they are not as competitive as it was couple years ago. If TSLA don’t come out with any new models or revise current models to be more competitive to their peers, the sales as well as the price of TSLA are going to decrease as the competition go intense. So personally, I don’t think this 91.52 support is enough to stop the downward momentum, if that support is broken, then the next support I am looking for is around 60.84. +Hi Everyone, + +&#x200B; + +Fake account to maintain privacy. Am 48 years old, Married Filing Jointly, with $5.7M in investments, targeting a 3% WR \~$170K. Looking to retire soon and trying to figure out the best tax strategy for withdrawing from my portfolio. Here is my situation: + +800k Trad IRA + +1.6M ROTH IRA + +3.3M Brokerage (65% contributions and 35% LTCG) + +&#x200B; + +It appears that I should be able withdraw from my brokerage account tax free and still have room to convert about $50-60K/yr of my trad IRA to roth IRA. + +If you were in my situation, what would you do to minimize taxes? Right now I am thinking about starting a roth conversion ladder and converting 60k a year from 2020 until 2030 when I turn 59.5. This would allow me to convert $600k to ROTH and would leave me with probably around $300k in my Trad IRA after additional gains, while paying minimal (around 4%) federal taxes. While I am doing this, I would just withdraw from my brokerage account. Does this make sense? Is there anything else you would recommend doing? + +&#x200B; + +Thank you all for your help! +About 250 flights are expected to be canceled this morning as the carrier works to reset its operation and get crews, aircraft and other elements in place. "This will obviously mean a financial burden on Delta ," said Mark Martin, founder of Martin Consulting. 250 flights Tuesday morning +Whenever the subject of Australian property arises in this sub there also arises those predicting a burst in the bubble and those warning of it as a poor choice. +Personally, I've done well in property as have a lot of those I know in life. I also know of some who have sold up and realised significant losses. +What are some of the Australian property success stories out there? +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! +Good morning Apes. Tits are Jacqued to the fullest. Get ready for an exciting Thursday of Game Stop trading on the dark pools and lit exchanges. + +GME is keeping their secrets close to the chest - as far as I know, gme didn’t come out and announce their NFT plans, or that they hired 80 execs from other shops. (Sometimes we get carried away with official vs speculation rumor, and it’s okay but we should try to get back to facts) + +You have to assume that Wall St doesn’t know what Apes know / only someone really in to the stock like a superstonk Ape would know this - and large instituons have worked to make GME appear a risky cheap fad. + +GME hasn’t talked plans or strategy. You can’t expect big fund managers to load up without this guidance. still This is bullish for a number of reasons. + +1) RC is keeping the tendies for the hardcore apes who have held all this time. + +2) RC is keeping secrets so amazon or Facebook don’t copy what they are working on. + +3) RC isn’t dropping the mic yet, he is going to keep Hedgies guessing and give them nothing to re-act from + +4) they made a statement during the call, “we got money bitch” ($1.7bn and not going bankrupt” + +5) Hedgies only recourse is to spend money in an attempt to crash the stonk (can’t last forever) + +6) lastly - speculation they can’t give guidance due to sec investigations (believe it or not bullish) + +You apes forget that GME has not given much guidance or plans to the street - yesterday they had the opportunity but didn’t, and in my opinion are still building their plan and are not ready to show it. + +Don’t expect large firms to start getting in to GME without any official plans and guidance from GME. large firms need their call, or better looking financial statements - which is also happening. + +So relax everyone - the end is near - the hedgies are fukt and RC and Furlong dont need to flex yet + +This is just another bullet they have. Trust in RC - everything they are doing for a reason, everyone knows where this is going…. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I'm doing an assignment about stocks but I'm not sure what you would do if the actual price and the estimated fair value were so close. Would you buy it since it's slightly undervalued? Would you hold in the hopes that it would increase? Any help would be appreciated! +[https://www.sec.gov/news/upcoming-events](https://www.sec.gov/news/upcoming-events) + +&#x200B; + +**ITEM 1: The Enhancement and Standardization of Climate-Related Disclosures for Investors** + +OFFICE: Division of Corporation Finance; Office of the Chief Accountant + +STAFF: Renee Jones, Paul Munter, Erik Gerding, Diana Stoltzfus, Natasha Guinan, Anita Doutt, Luna Bloom, Shehzad Niazi, Elliot Staffin, and Anita Chan + +The Commission will consider whether to propose amendments that would enhance and standardize registrants’ climate-related disclosures for investors. + +For further information, please contact Elliot Staffin in the Division of Corporation Finance at (202) 551-3430. + +&#x200B; + +GG will also be on CNBC at 2:15pm. +At the end of the day, FB will continue to be at the top of the chain as being a social media conglomerate. All the negative press will soon enough sweep under the rug. A few whales are definitely lining up to make some big plays on FB. Imo great opportunity in the near future to buy it to keep in one’s long term investments. +Dear Secretary Countryman: + + +I am writing in strong support of rule 10c-1, “Reporting of Securities Loans”. + + +Anyone arguing against additional transparency in the market, is clearly benefiting from their +ability to deceive that market. + + +Information is a valuable resource, and when institutions are allowed access to data that retail +investors are not, they are given an unfair market advantage. This is why the markets need +transaction-to-transaction reporting, where every detail is made readily available to the public. +This will level the playing field for the average working American, something Wall Street +desperately needs during this era of disturbing wealth consolidation. + + +I heavily support the 15 minute reporting intervals brought forward with this filing, as I believe it +is a step in the right direction to achieving transparent markets that allow small unsophisticated +investors to operate on a more level playing field with large institutions. This is why the market +exists. This is why America exists. It is not to line the pockets of the ultra wealthy, it is to give +hard working American families access to the profits of those American corporations that they +choose to support. The markets should exist as an avenue for enriching everyday Americans. +Currently our markets function better as a porthole into the pocket books of those same +Americans, for hedge funds and market makers to loot their hard earned money from under +their noses. + + +Short sellers are not investors, and in fact, they are exactly the opposite of investors. The SEC +should prioritize protecting actual investors first and foremost, as they are what create the basis +for a healthy and functioning market. It concerns me that the SEC has clearly shown their intent +to support the short sellers is greater than their intent to support the actual investors that they +leach off of. Short sellers' ability to operate in the dark is exactly why they consistently find +themselves in heavily overleveraged positions. Greater reporting transparency will reel-in the +enticement to make these absurd bets and should cool the shorting market, something +American companies could certainly use during a recession. + + +As a corporate executive myself, I am currently reconsidering my original business plan, in +which my ultimate end goal was an IPO on a US stock exchange. Now that I know how short sellers can abuse companies, even successful ones, driving them into bankruptcy, I no longer +wish to bring my company onto an American exchange. This should concern the SEC to an +extreme degree. Average people are losing faith in your ability to regulate the American +markets, and those people will be taking their companies and their money elsewhere the +second they have an opportunity to do so, if you do not get a handle on this abusive short +selling. + + +There are already likely massive systemic risks looming underneath the carpet of market +transparency, and unfortunately for you, simply keeping it under the rug will not make the +problem go away. In fact, the problem is likely growing every day at an exponential rate, and +may even already be beyond the point of “fixable”. I am struggling to find words that carry the +correct weight for what I am about to say: People’s LIVES are in your hands. If this gets out of +control and your ignorance of this issue pushes millions more across the poverty line and into +starvation, then it could not be denied that their blood will be on your hands. I hope you can +appreciate what I am saying here. + + +Adding transparency to our markets is simply the most effective way to drive out the +controversial activities taking place inside of it. This is why I urge you to immediately approve +and adopt rule 10c-1. + +Sincerely, +Sneakywill +Always has been and always will be. New Apes - Lots of distractions. DFV was about GME. RC is all about GME. Superstonk is about GME. We have been infiltrated.Feels like the crypto partnership craze is taking over the sub. Whatever platform is chosen, it doesn’t matter. It’s about GameStop. It’s has always been. Don’t let the distractors distract you. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I was a McDonalds manager for 12 years, the pay was solid ($15/hr plus 10 hours overtime per check), especially for the low income city that I live in. I'm married with two kids, and while we lived paycheck to paycheck, we weren't super struggling until xmas time. + +With a good referral from a friend, and a leap of faith from his boss, I got into a manufacturing plant running a digital press. The pay was $14/hr, no overtime, and hours would regularly be cut during the slow season. + +Why did I take the job? EXPERIENCE! A regular Monday through Friday, 1st shift job, and little to no stress environment. For everyone that has worked fast food, you know the stress levels, you know about working all different kinds of hours, working EVERY DAMN WEEKEND!! + +I eventually applied for the warehouse position at my current job and got it, came with a 50 cent raise, AND a forklift certification. I learned shipping, receiving, warehouse inventory, forklifting, among some other things. + +Now with my manufacturing job being set to lay everyone off, I have set myself up for another warehouse job as a forklift operator making $17 an hour. + +Making 300 to 400 dollars less a month hurt, it really did, I ran up 7 credit cards, we had to cut some expenses, spend less at xmas time etc. But it was worth it to get out of the grind that is fast food work. There is no replacing a set work schedule and being off every weekend. I can spend time with my kids now, I can play on our weekly softball league now. + +I dont know of this story would help anybody, but I'd thought I would post it anyway. Take a leap of faith, a risk, switch industries, it CAN work out. +So, I got into Crypto at the end of Octoberish...I think. I bought btc around 65k. It went up to 69k shortly after and we know the rest. + +I heard the 100k by EOY and believed it. I didnt borrow money or invest anything I couldn't afford to lose, but I bought into it. I listened to too many people on twitter and YouTube yell "TO THE MOOON". I get it. No one wants to hear realistic discussions. They only want to hear hopium. + + +But you have Saylor and Rao Paul, Plan B talking about BTC going to a million or 10 million. Then you have this demonization of selling. Paper hands bad. Diamond hands good. HODL HODL HODL!!! + + +You ever think the reason why is so they can buy and sell between 45k and 38k, make you hold so they can bounce the price up and down and get rich while we sit around and wait for them to let us make a little bread? Maybe they let us have 69k for a shot of hopium?? Idk man. It starts to shoot up and people fomo in so that rich dudes have someone to sell to. + + +They like crypto because of the low market cap and small supply when everyone holds. Low volume equals easy manipulation. They treat us like suckers...or maybe I just feel like one. + +Am I overstating the obvious or completely wrong? +Thats part of it. I was profitable for the week and a good overall return. But it hurts leaving so much money on the table. But thats 100% part of the game. So lets it go and let the next trade come in when its supposed to. + +Forget my emotions and what I think the market owes me. The market doesnt care about me. Learn to be patient like a surfer looking for a wave. There's always another wave. +Its in the title! I been here since Jan, through all the DD, drama, and migrations, etc... + +I personally have found myself **scrolling here less** because of all the repetitive non-informative CS "show off" posts. (half of which I still think are shills posting fake ones). + +It is **SO OBVIOUSLY** clogging the sub. It should be isolated to one **MEGA THREAD** at the **TOP**. + +Go there if you want to get dizzy from scrolling past the same thing over and over. + +NOTHING LOST! + +And SUPERSTONK would be pleasant to scroll once though once again. + +I beg you, and plead that moving the CS "show off" posts to one thread is actually in our best interest + +BUY & HOLD & DRS!!!! +Hi guys im on social security. Wife works. One child + +Before any one says it yes I know I need a job. Not an excuse but I have become very very used to SSI. Any advice on how to be honest about my job history while also presenting myself as a potential asset during interviews would be appreciated. My wife thinks I should lie but wouldn't they just find out when they do a background check? +Any way I have a problem with over sharing and being kinda chaotic in how I write. I respect this community so I'll try and be short and to the point but I may fail because I'm not perfect. +The title kind of sums up the situation, but essentially my girlfriend and I ran into some financial trouble this month and we’re late paying our rent. For some reason when rent hasn’t been submitted online through their portal by the 1st of the month, the option to pay online isn’t available. Whatever, that’s fine. Just going off of muscle memory of when I was younger and had issues with being late on rent I head to Walmart to pick up a money order for the amount without even thinking to check with our front office. Get the money order, stop by our front office to drop it off and that’s when they tell me that they don’t accept money orders and they need a cashier’s check. Fine, except for the fact that I had already addressed the money order to the apartment complex and now my bank won’t accept it as a deposit. Fine again, I guess. I head back to Walmart to cancel it, they state that I have to wait 24 hours before I can cancel it and receive a refund. Not fine. + +At this point I’m understandably frustrated, swing by the front office and tell them the situation and that I won’t be able to pay rent until I get a refund from Walmart for the money order. + +I go home and decide to check up on our lease, and it states multiple times that they do accept money orders and cashier’s checks, but do not accept cash. + +Is there anything that I can do at this point? Given that the lease clearly states that money orders are an acceptable form of payment, I feel like I shouldn’t be responsible for the the daily late fees that will be charged after today. How do I go about this?? +This seems WAY oversold. Way too much unwarranted FUD regarding green energy. Nothing has fundamentally changed regarding the long term direction of the world heading towards it. + +If it's still down tommorow I'll be stocking up on more. +UPDATE + +Thanks to everyone’s advice I was able to shave off a lot of expenses. I cut my Shaw internet/tv bundle to just internet and the bill is now $90. Even though my credit card statement only came out a week ago and I planned on paying it off when it was was due, I paid the $230 off anyway with my savings money. I paid off the freedom mobile account with my savings so that account is no more. I found the real heating bill and it’s only $147. My parents missed a bill and the balance carried forward. I’m return they gave me $150. I cut gaming out of the budget and I am now using the rewards I gained to buy the subscription instead (who knew?!). +Here is my new list of expenses for the month: +After taxes I make $2,250 +Shaw-$90 +Heating-$147 +Shaw mobile-$66 +Gym-$41.94 +Apple One m-$20.95 +Insurance-$450 +I am left with $1,434 +From there I will continue to put $500 away into my current savings account leaving me with $934 in the debt account. In about 3 days I get to test run my new budget! I am most definitely coming back for more investing and trading advice once I have saved 3-6 months of expenses in a separate account. For now I will have to keep stock piling more money and maintain my expenses. + + + + +Scroll all the way to the bottom for the short answer. +So I work for a printing solutions company and I make $2250 a month after taxes. After all my bills I’m left with $138 in my debt account. It’s not a lot of money left I know. I have written down all my expenses and the majority is bills that bite big chunks out of my account. Oh and here’s the kicker, I live with my parents. I’ll list everything here and what’s going to be happening next month: +$2,250 After taxes +-$230 credit card bill +-$199.20 Internet and TV +-$70.00 Freedom mobile +-$66.00 Shaw mobile +-$250 for savings +-$500 for savings +-$35.68 for XboxBox Ultimate +-$41.94 gym membership +-$20.95 APPLE ONE +-$250 heating +-$450 insurance +After that I’m left with $138.93 +I pay a lot bills but I try to save as well. So last month I bought a bed for $207 but that left me with no money so I missed my $250 deposit for my savings account. That’s why I’m putting the $250 in next month. My brother has told me he’d start paying for the Xbox and half of the Apple one subscription because it’s shared between me and my other 2 brothers (they are too young to work). Now there are big bills that I pay that isn’t fair in my opinion and I’m going to be talking to my parents about it actually. I pay $450 for premium insurance but I also pay for half of the heating and internet and Tv. I will be contacting Shaw to drop the TV package and only keep internet. My parents can watch the news on their phones so why would I pay the extra for TV? heating is split between me and my dad but seeing how I already pay $450 for insurance, I feel like he can take on the heating by himself (dudes stingy with his money sometimes). I made a lot of bad financial mistakes and I have owned up to a lot of them. I have zero student loans and I intend and taking on zero credit card debt. In those monthly expenses I put $500 every month into a savings account. I have been doing that since last year. I’m currently sitting on $7,000 right now. It’s like my little emergency funds vault. I am tired of almost living paycheque to paycheque. I want to take charge in my finances and take my income seriously. I always see this ad on TV with young people investing and the one friend always saying “I’ll start eventually” and that’s me right now. I keep pushing it off because I feel like I am not financially stable enough to take a dive like that but that will no longer be an excuse. I joined this thread because it’s Canadian and it’s about investing so I hope I’m in the right place. Getting a better job in my field is kind of difficult, I feel like I am being underpaid but those taxes hurt. Although I don’t feel like I am making over $20hr. Either. Definitely going to keep searching though. I went to college and this job doesn’t really tell me that I went to college for it. It’s like a slap in the face sorry for ranting + +Long story short: I am left with $138 after paying bills and I want to start investing soon. +It took me a couple of years to get there, but I think I've finally landed on good investment philosophy/strategy. + +I've realised that all of my biggest investing losses have been when I didn't know much about the company I was buying and the market it was in. Or when I tried to time the market and buy/sell at certain times. My biggest wins have come from buying companies that I understand really well and holding them for longer. + +I work at a large enterprise tech company, so for me this means focusing on other enterprise software companies. I often get exposure to these companies because I use their products at work. This helps me to get a far better understanding of their likelihood of future success. I also plan to hold each investment I make for a minimum of 5 years. (Ideally 10+ years) + +There's nothing novel about this approach. Buffet calls it focusing on your "circle of competence". But sometimes, you need to come to the same conclusion through your own direct experience. + +What's your investment philosophy? +Following the alarming rate of news about global warming (rising heat, fires, food supply issues, etc.), I can't help but think that the economy as we knew it won't be able to sustain growth in the future. People say there's always a crisis to worry about, but I think this time is different. We're facing a permanent issue that's only worsening, with very few solutions, and no one wants to take action. Hell, supply chains in many sectors and infrastructures across the globe are already collapsing because of heat. It seems to me that future generations will not care as much about the economy, but more about their survival. In that regard, I believe housing will become in demand more than ever before. + +That being said, I would like to hear diverging opinions that will hopefully make me change my mind. I'm in my mid-twenties and I've been investing almost all of my savings in passive index funds (100% equity). Each week, I drop the exact same amount of cash in VEQT to average overtime, and I'm fine with my strategy. However, I can't help but think that the economy will suffer and that the crazy growth we've been experiencing won't be happening ever again because of greater problems. CMV +Hello all, recently married! + +My husband and I are looking into our financial plan and wanted and see what couples have done to either maintain separate finances or melding them to anything in between as well as the pros/cons. + +We are looking at either 1) one joint account with all bills, debt, deposits, and expenses then separating out personal/fun/other money monthly into our own adjuncts or 2) keeping our own personal accounts for paycheques and personal expenses then depositing set amounts into the joint(s) account monthly for common expenses like rent, hydro, vacation, etc. Currently we just maintain our own accounts at different banks and settle up our common expenses each month with an etransfer. + +Some more information, we aren't currently in a mortgage but will be in the future, we're saving rrsps and both have stock options. We're in Canada fyi. + +Thanks team. + +Edit: both ages 29-30, getting grounded in our careers both making 75,000+, no significant assets as we are both under 5 years in +Obligatory apology for any weird formatting, I’m on mobile. + +I am planning to buy a home in about five years and I am going to use this time to save up a down payment. I have been looking at different options to make the most out of the time I’ll have this money in savings. I’m leaning towards a High Yield Savings Account, but I’m also considering investing into a mutual fund. I would love to hear from anyone who has similar goals or who has been in this situation before. + +I have tried to keep this short, so obviously there’s plenty I have omitted. If there are any other factors that may be relevant I’m happy to share. + +Edit: Thank you everyone for your feedback. There are a lot of good ideas here that I had not considered before, that I will be adding to my research. Thank you all! +My daughter fell off a slide at a park with her great-grandmother. We go to a local ER and dont have insurance, but they tell us a doctor will be with us shortly. A nurse comes in and checks her out, she wont put weight on the leg. We go in to get an x-ray and the nurse says the radiologist didnt find anything. Gives us tylenol, and pretty much says if she doesn't put weight on in the next day take her somewhere else. They charged us $1700 for basically nothing, and we didnt even see a doctor. Is there anyway we could fight this? +Hello everyone. I was hoping to ask for some advice please. + +I have worked a minimum wage job for 8 years. I live with family members and pay them rent of $125 out of my paycheck every two weeks. I own no car, instead I use public transportation to get to and from my job and nothing else. + +I realize that my job will not be enough to survive in case of a family tragedy. But getting a second job is impossible because I look after my cousin on weekends. + +All I have is a high school diploma, that's it. College is a no go, because I don't want to spend the next 40 years of my life paying off debt. Yes, I know I'm stubbing my foot over this. + +I'm two years away from becoming 30 and no retirement plan in sight. Any advice you can offer me please? + +Edit: I apologize about this in advance, but I'm a girl. +Currently my student loans equal my auto loan. Since student loans are federal they are currently sitting at 0% interest until November. + +SL is normally 6%. Auto is 2.99%. Remaining time on each is also equal. + +I’m saving half of my income right now. + +Should I dump money in the auto loan and bank on SL forgiveness or dump money into SL? + +Edit: oh my gosh the room is so split on this! I can’t decide. SL seems to make the most sense unfortunately! +Posted this in the Moronic Monday thread, but seems like it doesn’t get a lot of traffic. Can someone help me understand 401k math and an employer offering a 5% match? My husband has a new job offer and I work in education so 401ks are new to me! + +If the employer is offering a 5% match, what exactly does that mean? They match 5% of what my contribution is? So if we put $100 into the 401k, they’d give $5 so we are really contributing $105 each month? + +The max contribution is $19,500 a year, or $1625 per month. Not saying we can afford that, but if we contributed that much each month, the employer would contribute $81? Am I doing the math/contribution correct? +I'm currently enrolled into community college and live in housing that technically had some type of agreement with the community college but since then has gone through a bankruptcy and 2 changes of management. I have recently been giving 30 days to move out due to an incident of trespassing into the complexes club house, where a party was held and now they're claiming that damages were sustained. My credit is not the best, i have mid to low 500 credit rating on two agencies and low 600's on the other one. I have exactly 547 and 60 cents. I live in Illinois, what are steps i can make to improve my situation? +Hi, + +I am looking for some advice here, any help will be highly appreciated. I know that my post is quite long, but I wanted to illustrate my situation best as I could. I am looking for some advice and how to deal with my finances. + +I live in Central Europe, Poland, I am 32. In general I have been working hard last 10 years and I have saved quite a bit of money. I have my own company in IT and I am still able to save m/m \~ $5k. + +Quick facts about my financial situation( I have change the currency to $, my currency is PLN) : + +* total $145k +* 70% in stocks, mainly undervalued dividend stocks in WSE (Warsaw Stock Exchange), longterm investments +* 20% in savings +* 5% in other things like foreign ETFs, gold coins +* 5% in foreign currencies, dollar and euro + +What is more: + +* I do not have any debts, I have my own flat, newly renovated (spent this year $50k for renovation) +* I do not have any plans for spending money in 3-5 years +* I am able to save $5k m/m + +I am really struggling right now with my stocks, because they have extremely gone down in last month, I am about -20% not counting dividends ( in scale of my whole finances I am down 15%). Many of you can be surprised that I lost so much during the longest bull market). That’s a pain, considering that I have been investing in my local stock markets, that occurred to be weak. My strategy was to buy dividend companies regularly and ETFs on main index. The time when I was starting investing it was not possible to invest in foreign markets without extremely high commissions, so I decided to regularly buy stocks from local main index (not a good idea we can see after 10 years) + +My another big problem is inflation rate in my country, I am right now loosing a lot. + +I am looking for some longterm strategy of investing my money. It seems that my decisions over last 8 years are not good, because my stock portfolio is in red and I did not predict the inflation rate that is eating my savings. What would you recommend? + +I would transfer money and invest in US market, but as it is on ATH I am a bit scared right now. I feel that I quite lost my financial potential over last 10 years, as I was more focused on working my ass off than taking care of my financial situation. Important thing: I would never like to invest in cryptocurrencies as I hate them :) +Sorry if this is a dumb question. I (22f) just opened a Roth IRA with Charles Schwab, plan to max it out every year. I have my 401k set on a target date index fund for 2060, having me retire between 60-64. I was going to select the same year for my IRA too, but suddenly had some questions. + +1. I think I want to retire at 55. Do I choose target dates for that age range? +2. If I do so, wouldn't I be penalized for with drawling before 59.5 assuming I don't meet any of the exceptions? So in that case, do I target a date after 59.5? +3. How do withdrawals work come retirement? Do I cash out everything, or have monthly/quarterly withdrawals and let the rest keep earning, probably in a low, low risk fund? +4. If I have surplus money in savings and other investments at retirement age, do people usually live off that first or tap into retirement accounts upon retirement? + +I've never thought of the back end of saving for retirement, where I actually use the money so I just want to make sure I have a good idea of what I'm planning for before setting up a target date fund. +My 1 year old daughter is inheriting approx 70k in a few months and my wife and I want to make sure we're doing the right thing with her money between now and when she's 18. We don't want to do anything risky with it and we want it to grow. We're also contemplating making regular contributions to it along the way. We're in Australia if that helps. +• It has presented itself as a way to make huge profits quickly but I believe it’s just a way to attract as many people as possible. To outsiders, this looks like a cult, naive and short sighted. + +“I’ve seen this before” many say. + +But they haven’t. It’s not 1999, it’s 1929. + +• Every major revolution comes once in a generation. No one fully lives through two, which is why they repeat themselves. Over and over. Approximately every 80-90 years. (“The Fourth Turning”) + +• I don’t know what will happen with Bitcoin price or any crypto for that matter but I do know this - there is something brewing with geopolitics, with the economy, with inequality and with how things currently are. Travel around the world - you feel it + +• This is why I urge everyone I know to buy some crypto, mostly Bitcoin, because it is a hedge against that macro force. The price will go up and down. Maybe it pops then comes back. But that won’t matter in 10 years - the seeds have been planted. + +• Beyond the profits and the daily dopamine rush, this is infinitely bigger than people think - not because people will spend Bitcoin on groceries but because of what it represents - freedom from the system. + +Only when we look back will we realize what it is we were a part of. + +- [Carter Thomas](https://mobile.twitter.com/carterthomas/status/942939519942193157) +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. +EDIT: + +Thanks for the tips all! I just ordered a copy of Peter Lynch's "One Up Wall Street", people are saying to tackle that before The Intelligent Investor. + + +Edit- You can sell immediately on CS. The media is going to intentionally spread FUD (lie) and those not doing the DD are their target. + +TLDR- Hong Kong stock in the stock that can't be named here are intentionally set up to fail and fleece investors just so a correlation can be drawn to GME in the media. Hong Kong stock was intended to establish that meme investors are pump and dump con artist. This stock that can't be named is intended to be to cautionary tale to those that DRS and could miss the boat on life-changing money because they were waiting for their sell orders to clear while the dump was happening. All of this is just so that they can point to something in the media and say this is the reason you should transfer your shares out of direct registration and stick with brokers if you want to really get rich. This last tactic is just to get you to leave some shares with brokers. None of it is true, you can sell your shares instantly through CS and the limit won't restrict that. + +GME will not dump! + +DRS 100% of your shares! + +Don't plan on selling moon tickets! + +No cell no sale! + + + +In a article put out yesterday by Forbes, like many others articles of late, present the same information while other information is masteriously in excluded ( like how we got to the situation in the first place). It's not enough to express doubt in the media, they need a clear example to point to and say, "see, we tried to warn you that memestocks are scams". I believe they are attempting to establish a baseline for "Meme Stock" tactics failing and those that use them don't know what they're doing. + + +In the article it is speculated that the Hong Kong pump and dump was because retail is so retarded they bought the wrong stock, and once they realized, dumped it. They use this as an example of a non meme stock being treated like one unintentionally. They are trying to draw a correlation between Overvalued stocks and the consequences of FOMO. All this really shows is that when price is not artificially suppressed by the algorithm it can moon with a fraction of the sentiment that gme has. The second example they give is the stock that can't be named. I believe this is their big play, whether AA is controlled opposition or a useful idiot doesn't really matter at this point. The stock that can't be named is going to pump and dump rather than moon and the Meme FUD will be unavoidable. They will say "retail should of sold at $$$ and they would have made a fortune, but they couldn't sell quick enough because of direct registration of shares, and as a result, went broke". I believe this is the real FUD play before the squeeze. They will try to convince as many people as they can that DRS is not the way. That if you want to make some real money you need to leave your shares with the brokers whom can sell instantly rather than waiting for your order to be grouped and sold all at once a few days later. Basically they'll try to convince you that if you leave your shares directly registered, the pump and dump will happen before your sharers even sell and that the only way to guarantee profit during the pump is to leave your shares with the brokers. This is not true and is just a tactic to cause confusion. You can sell your shares immediately through CS just like any other broker. + + +You think you've seen market manipulation but things are just getting started. They're not burning the midnight oil in those buildings doing nothing. These articles never mention the overshorting or the market manipulation via algorithms. They all continue to imply that the fundamentals still matter. We know the numbers are fake. So far the propaganda has only been to spread doubt among those that could potentially invest but are uncertain and still trust the markets. To be honest, I think they've accomplished this. I say this not to help them with their FUD but rather to perk your ears up and prepare you for what's to come. The next stage of propaganda is going to be focused on the Hong Kong stock and how even though it wasn't a meme stock, that meme tactics are not based on fundamentals but rather pump and dump schemes akin the crypto. This serves a few purposes, targeting investors on the sidelines and those who are currently holding but don't understand the DD. They will equate meme stocks to crypto pump and dumps in order to lower public sentiment for those participating. This is so down the line if things don't go their way and gme crashes the economy, they can blame us rather than taking responsibility. This stage is all about establishing negative public sentiment. The next stage is all about anti-dRS and why brokers are your best bet whether you're a meme stock investor or not. They will make every attempt to convince you that unless you leave your shares with brokers, a massive dump will happen and you will lose everything because DRS is too slow to sell for how quickly and volatile the market moves with "memes stock" . Remember it doesn't have to work perfectly for them, just enough to kick the can another day. Trust the DD, DRS Everything, hodl forever. No cell no sale. +IMO, the whole post is kinda fud, so I won't be linking it or talking about it much. The TLDR version is that apes want to predict when other apes will sell, try to sell a bit before, and that will kill the MOASS, and the writer doesn't leave a conclusion, so most people will think that you better sell really early. + +I'm here to debunk that post. + +The whole post is just a really fucking long way of describing the prisoner's dilemma, which looks like this + +\----------------------------------You betray -------------You cooperate + +Partner betray--------------3 years in jail----------4 years in jail + +Partner Cooperate---------1 year in jail-------------2 years in jail + +So betraying looks like it's always the best option, but if you both betray, it would be better to simply cooperate. Since we won't know what the other person does until after the fact, we have to somehow convince them to cooperate, but we can still betray, as there are no penalties. + +However, this isn't applicable to the situation, because the best outcome is if we both cooperate. It looks more like this. + +\------------------------------------You betray----------------You cooperate + +Partner betray---------------- a few tendies----------Very few tendies + +Partner Cooperate-----------Some tendies----------Infinite tendies + +In this game, if the majority cooperates, then we win. Therefore, this IS an incentive to cooperate. So which will people choose? The "safer" bet where you betray and get a few guaranteed tendies, or go big? This is where we want to get into game theory, specifically, how you want to be playing every single game. + +When you play a game, you seek out win conditions. If you are likely to win if you change nothing, then you go for the safe play. If you are losing, and are going to lose if nothing changes, then you take riskier plays because that is the only way to win. + +For many of us, and society as a whole. We're losing, and we're going to lose if nothing changes. Hedgefunds and banks will fuck our economy, take our money, and leave us in poverty for generations to come. With the MOASS being pretty much the only chance to escape wage slavery and live a good life, modest returns won't cut it. We need life-changing, and possibly world changing money. + +Remember, just because a few million might be enough for YOU, is it enough for the millions of others who got fucked by banks, but didn't buy GME? If we want to see change in the world, or even generational wealth, to help out our kids, a few million isn't enough. We need more, we have to be greedy. + +This means the ONLY win condition is if everyone cooperates for 30 million. Every other value is simply a loss. This means the graph now becomes like this. + +\-------------------------------You betray-----------------You cooperate + +Partner betray----------Lose-----------------------------Lose + +Partner Cooperate-----Lose----------------------------Win + +At this point, it should be fairly obvious what you should do if you want to win, and I think we could all use just one W in our lives. + +&#x200B; + +TL;DR: It is in everyone's best interest to keep holding, so people are going to keep holding. People aren't gonna try to time the peak and sell early and peanut prices, because anything below 30m a share isn't enough to create generational wealth and change the world. It's stupid to take small profits when this is our only shot. + +Edit: Wow the post killed my fucking formatting, attempt number 2 +I’ve heard this thrown around a bit…stress testing your plans. How does one go about it? Or what do you use? I plug my investments into personal capital…is that considered stress testing? Or is it where I pretend like once I actually fi/re all my tenants decide not to pay and the market goes to shit? +The United States government said on Wednesday it will pay $1.95 billion for Pfizer Inc to produce and deliver 100 million doses of its COVID-19 vaccine candidate in the United States. + +The agreement allows the U.S. government to acquire an additional 500 million doses, the Department of Health and Human Services and the Department of Defense said. + + +What do you take from this news? Super bullish? The stock has gained 5% pre market. +According to [**GLHF**](https://glhf.gg/) sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind *Apex Legends*, *FIFA*, *Madden*, and more. + +&#x200B; + +[https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts](https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts) +I was having a conversation with a buddy who lives in Toronto and he was ranting about having to show proof of transfers out of Coinbase soon. (If you didn't know soon if you live in Canada you will have to explain where and why you are transferring anything over 1K out of Coinbase). + +Well he was also super for Canada locking bankaccounts of terrorists. (Which I get. I felt like the government was showing why decentralization was important and them locking accounts should not be allowed.) + +I told him it was a direct response to the events in Canada and he should just hold a cold wallet or something. He went on about it being too far and punishing normal people for a few bad apples. I said this is what people mean when they talk about a slippery slope. How would you identify those individuals face cameras? + + +Long story short. Don't be okay with governments punishing people that you don't politically agree with. Eventually you may be on the other end or lumped up with them. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +Reddit as a whole seems to think the Warren-McCain proposal to separate investment banking from consumer deposits is a great idea, so I'm interested in hearing some opposing perspectives, and thought this subreddit might be a good place to find them. +I see quite a few posts/comments regularly from people wondering if a 24 word seed phrase can be guessed, hacked, brute forced, etc. So here's a simple proposition: **I'll give you a chance at free money.** + +Don't believe me? Here's the challenge... + +**I've deposited 10,000 sats into a wallet. You get to guess the seed phrase.** + +To make it even easier, **I'm going to give you ALL of the words.** + +That's right, I'm literally going to give you ALL of the seed words, in random order, for your guessing pleasure. + +**Here they are:** + + chalk mimic crane marriage oxygen hood million clerk demand effort grid afford floor force december immense damp toss assume present retire cream clinic gown + +All 24 of them right there. + +But there's not actually BTC in there right? **WRONG**. + +Go ahead and check the balance [HERE](https://www.blockonomics.co/#/search?q=zpub6s87mnPqX9jT5bWvKFz6ZLCrhQsPh275BXx45a9kRuXUYbcxhLYZCpzyP2TpuEWte9mDYMprJv6QwNtCd7D64PAQMj4kSdu1WSZRQL3exyk) + +You've even got the zpub there to see all addresses for the wallet. + +I'm not shitting you. The words are there. The free BTC is there. + +Just go and get it right? RIGHT? + +\-------------------------------------------------- + +**Now, if you want to find out why you're going to fail miserably at this, keep reading...** + +Why is it near (and I mean neeeaaarrr) impossible for someone to be randomly assigned your words, or to be guessed by somebody else? + +To find out, let's start with a worst case scenario, a head start if you will: **Somebody knows all of your 24 words, but not the exact order of them.** + +You might think that's an INSANE advantage right? Let's see... + +To find out how many ways you can order 24 words, we can use a factorial. A factorial is simply multiplying a number by all of the numbers below it, denoted by a "!" after the number. + +4! = 4 x 3 x 2 x 1 = 24 + +So what's the factorial of 24?... + +24! = 24 x 23 x 22 x 21... = **~620,000,000,000,000,000,000,000.** + +That is **620 sextillion unique ways to order 24 words.** + +To put that into perspective, the average high end gaming computer has a clock speed of 4GHz, meaning it can make 4 billion calculations per second. + +620 sextillion / 4 billion = 155 trillion seconds. + +155 trillion seconds / 60 / 60 / 24 / 365 = **4,915,017 years to find all permutations using a modern gaming PC.** + +Unless they've got a quantum super-computer, nobody will simply guess, stumble upon, or brute force your seed phrase. **And this is knowing ALL of the words to begin with.** + +Hell, even *with* a super computer it’ll still take years to find. + +If you don't know every single word for the phrase, **the real calculation is 2048^24**. + +Those are the REAL odds you have to worry about. + +**TL;DR: You're screwed. Bwahahahahahahahahaha** +Registered for this puppy when I graduated college in May and have had a really hard time motivating myself to study (as such are my study habits). Been working a 9-5 job as a financial analyst at a F500 company in the meantime. + +Can I pass the CFA exam if I start studying now? Is it even possible? Yeah guys, I know I'm an idiot for waiting this long. But need to face the music now and make a decision... don't want to waste my life away for the next 1.5 months if it truly cannot be done. +Just noticed it today - and it still shows up as BETA - but it appears to have all of my TransUnion report data. + +Looks like it will update every time you update your score through the site (possibly every week). There's a drop down for which "Report" to look at of all of my past updates. + +**EDIT**: US only. Sorry. Also: http://www.creditkarma.com +https://www.macrobusiness.com.au/2022/10/rbas-rate-hikes-are-uber-aggressive/ + +Wouldn't have anything to do with the fact that they negligently waited 6 months longer than they should have before starting the increases? +Hi everyone + +Just wanting to know the facts. + +My partner and I put a formal offer in for a property yesterday afternoon. Sellers accepted the offer. We signed the sale contract and are waiting for them to sign. + +There was an open house scheduled on this property today and it's still showing up as scheduled. + +Is there a chance the real estate agent can still put forward offers to the sellers until they sign the contract? + +Getting a bit nervous as we love this house, but happy to get the facts and be told how it is to save getting too excited at this stage. + +Thanks everyone +Hi, so to provide some context, Ive got 6 years of experience in the engineering consulting sector and want to progress to a Senior role. I applied for the role where the company advertised between 80 to 120k for the 'right experience'. + +After the first interview, they asked me to come in again for some 'test' questions. I did, and passed reasonably well. Long story short, I was offered 80k during this interview which I countered with 120k mentioning my salary is already around 102k. + +They have come back to me saying they'll match my salary, which I tentatively accepted, then replied back with another counter of 110k. + +Beyond all this, Im perplexed as to why the starting salary for a senior engineer is so low? And that usually a jump to a senior role should allow for at least 10 to 20 percent pay jump? I'm kind of thinking of rejecting the whole thing, since I dont think a job jump just for a 'Senior' badge is worth it. + +What are some of your thoughts? Thanks. + +Edit: Thank you all for your responses. It's really good reading through all comments and has given me much insight into how to properly approach such situations. +Hi folks, + +Just wondering on people’s perceptions of the below, I don’t have an issue complying with NatWest but I have to say the whole encounter did wind me up a bit. + +Went into branch yesterday to transfer a significant sum (~40,000) from my Nan’s account. I have a registered PoA in her account, so that isn’t the issue, and I went through all of the in branch verification (2 forms of ID, account numbers, etc.) + +However, when I actually explained what it was I wanted to do, which was transfer the funds from her account (which was an instant access saver) to her accounts at Barclays I use to pay care fees etc. they refused. They say it’s because I didn’t have any proof that the account is hers and they will only allow me to transfer if I bring an unedited statement showing it’s her account I’m transferring to. + +They would also only do a CHAPS rather than a regular transfer which has a £23 charge. No reason was given for that. + +I don’t mind taking the statement in as it is indeed her account, but is the point of PoA not that it gives me the ability to act on her behalf? If ultimately I wanted to send it direct to her care home or any other business or even send it to my account in order to cover some of her costs, is that not within my remit? + +The woman in branch was very patronising and just kept saying about it being a lot of money, and I do understand the reason for anti fraud measures but this seemed a bit nuts to me? + +And yes - I have now requested internet banking be set up for the account, as apparently if I did it in the app I’d be able to do whatever I wanted! Which when the lady told me that only annoyed me more. +Not exactly Real Estate but this seems like the crowd that would. For those who don’t know Outdoorsy is like Air Bnb but for RVs and travel trailers. + +I am strongly considering picking up a travel trailer if I can reasonably expect to break even on it while getting some personal use (4 or 5 weekends in the year) and renting the rest. + +For those who have experience with it please share your average expenses and earnings, advise for starting out and for reference what kind of equipment you own. + +Thanks! +I am 29 years old. I currently have $25,000 to play with and, by the end of the year, I should have $35,000 to $40,000 in my pocket. Using that money, my goal was to buy myself a house. I wanted a simple house with 2 bedrooms and 2 bathrooms ranging from $160,000 to $205,000. + +However, I started researching real estate investing, and my viewpoints have changed. While I still want a house for myself, I feel like my money would better be served buying a house as a rental property and renting it out. + +In my area, they have quite a few 1 bed/1 bathroom condos for sale (and they are spacious). These type of condos range anywhere from $45,000 to $60,000. I was thinking about buying one or two as a rental property. My logic is that they are cheap enough so I can pay them off fairly quickly if I rent them out. **Would that be a bad idea?** + +I currently have no existing debt and my credit score is over 800. Just looking for some advice on this. Thanks. +Thinking about buying a foreclosed property in SC. I’ve never done this! +Any tips? +Did you use a broker? +Have 30% to put down, + $ for renovations, need mortgage for the rest. + +Who do you recommend for mortgage? Big company, local bank, mortgage broker, credit union? +Contact inspector before offer? Research those building records? + +TIA +Mid Michigan: Today I viewed two properties to potentially flip, they are as follows: 3 bed 1 bath, 948 sq. ft. on 0.6 acres - List $62k . 2 bed 1 bath, 840 sq. ft. on 9400 sq. ft. lot - List $42k . I was not expecting a whole lot out of these properties in all honesty, but they were beyond awful. Property 1 had a 2 car garage that was beyond salvaging, exposed interior walls from the exterior of the house, standing water in the crawl space, and literally the driveway was just wherever you want to park in the front yard! The backyard was easily identifiable by the other property owner’s electric horse fence. I had 30 minutes to view, I took 10. It was more disappointment than I was expecting. 40 year old WH and furnace, no floor coverings in the kitchen. Property 2 had asphalt, aluminum and t1-11 exterior walls. 3 damn layers! The windows were rotted, the roof had another roof built on top of it, and the ceiling sagged easily 4 inches in the middle of the rooms. The bathroom had a sizable hole in the floor and the rest of the house was, in itself, a larger hole of sorts. 5 years ago these properties would have sold for $18-$24k, maybe less. Now I can’t seem to find anything below $70k that doesn’t need to be gutted or have substantial work done that would consume all profits. Multiple times I’ve had to hear “this county’s values are quickly increasing”. I get it. But when does somebody draw the line on what increases in value? Sure the buyer has a say on what they are willing to pay, but making multiple offers that come in way under the asking price of these overpriced properties is time consuming and annoying for all involved. Other than penning multiple stupid offers that you hope may get an acceptance, what works for obtaining such poor properties? This is a very new issue in my area, and I don’t think anyone saw it coming. If these houses sell for close to list I will be priced out of the market, the risk is just too high. This is getting out of hand. +Typically they are 8-10%, but to screen a tenant and get one for the units, they require a 50% payment of first months rent which would bring the average up to 12-13%. Was it always like this or is this a new thing? I'm new to this. +The market is CRAZY right now for people trying to buy homes. I'm ready to pull the trigger on my next property (number 3) and it's obviously not in my favor to find deals right now. Even homes going to auction are selling for market value and homes on the market are getting 90 offers and selling for 20%+ above listing. That doesn't work well for my numbers. + +I've saved up $200k in cash and another $100k HELOC available but trying to get a deal on the market is near impossible. I'm tempted to wait it out but I have a lot of cash sitting idle. Thinking about just buying a couple of condos in cash and at least getting a return for the time being, but obviously want to be ready for things that come up. + +Just wondering how others are prepping for the future... +I'm not trying to make this a sad story, but I felt it was worth sharing for the larger crypto community to be aware of, and perhaps some words of advice as to what to do from here. I'll keep the story as short as I can. + +I was recently in Peru for a few weeks traveling around on vacation. It was an amazing 2.5 weeks until the last 2 days. On Thursday, Nov 11th I decided to spend the last couple days of my trip exploring Miraflores district in Lima, Peru. Upon landing at the airport I got a taxi cab from the airport kiosk and started making my way to Miraflores. No more than 2 miles from the airport, in bumper-to-bumper traffic, I was on my iPhone (looking up restaurants in the area - Lima is a foodie paradise) with the window rolled down when all of the sudden ... snatch. Someone walked up behind me in traffic and stole my iPhone right out of my hands through the window. + +This is when the nightmare scenario begins. I was initially annoyed just due to the fact my iPhone was stolen, and I assumed the perp was likely just going to try and sell it. Now I have to go through that whole mess from Peru, and get home without a phone etc. All of the sudden it hit me ... he grabbed my phone while I was on it, meaning if he was able to keep it unlocked he has access to my email, 2FA etc. By the time I had the taxi driver turn around and get back to the airport, approximately 30-45 mins had passed before I could get back into a wifi zone. Luckily I had my iPad (no data just wifi iPad), so I immediately reported my phone as stolen and FaceTimed a buddy to help me start closing accounts, that's when I saw it ... an email confirmation from Coinbase saying "transaction successful." + +HE WAS IN MY CRYPTO ACCOUNTS, converting some of my holdings and transferring them to his address. Not just that, but as he was doing this he was deleting my email confirmations so I could not see what he was doing (even going into my trash folder and perm deleting them). Panic set it, but it was too late. Coinbase, Binance, and Trust wallet (primarily Trust wallet so I don't hold much on exchanges) all drained and sent to his address. **$85,000** in holdings gone in 30 mins. He obviously knew what he was doing. This was no joe-schmo and he was likely working with someone else. I couldn't believe it - an absolute gut punch. I'm a relatively tech-savvy person (moreso than the avg person) and always implement security measures. I have a metamask as well that he luckily did not go for or get into, but he probably could have if he wanted. This guy (or multiple people) was a pro, he knew he only had so much time. Didn't go for my stocks or bank accounts, only crypto, and afterwards shut the phone down and likely threw it in a river. I've played the scenario out in my head a thousand times and it's obvious they stake out that specific area / targeting tourists in taxi's etc. A million things had to go right for them to pull this off as fast and efficiently as they did. + +Additionally, just so everyone knows, he had my email and Google Authenticator 2FA (which were both obviously on my phone) so he was able to act as me. + +I'm devastated. Years and years of saving and investing. + +I'm not letting this take away from my crypto investing, I'm going to get back into it but this situation really took the wind out of my sails and drained me of most of my money. With that said, any method I can follow to try and recoup? Coinbase has been absolutely no help up to this point. Trust Wallet has been very slow to look at my case, and same with Binance US. Is there any other way of reporting this in hopes I can get at least some of my investment back? Any former Navy Seal mercenaries or drone ops for hire? + +Any help would be much appreciated and I will answer any questions to provide further clarity if need be. Thanks, sers - can't do much but pick myself up and get back in the saddle. + +EDIT: Thank you to those who brought good advice and well wishes! Money comes and goes, and I'll be more determined to get back in the game and get it back. Hard lesson learned, and best wishes to those who learned a thing or two from my experience. + +TLDR - phone got stolen in Peru and worst case scenario happened. My wallets and accounts got drained. Use lots of passwords and don't stay logged in to accounts. +Cineplex is currently taking huge dumpster losses. This impacts their value, but they get a deduction that can be used in future years. Thus, if and when this Covid situation normalizes, their earnings should be approximately some income tax bracket percentage higher than normal. How much does this factor into your guys' calculation of intrinsic value of CGX? + +I guess this also applies to a company like AC as well. + +(Let's ignore that CGX might not even exist in a year or two, but assume that they can return to regular revenue in 2 years) +Is it worth doing USD purchases for small amounts like $250-500 through IBKR. I know Wealthsimple charges 1.5% buying and selling. I sent $325 CAD to IBKR. They charged me $2.67 to exchange then what amounted to be about 1% for buying a few American ETF'S. Typically I do about $300 month into my RRSP for USD. Is it worth doing going with 2 brokers as I already have the bulk of investments in TFSA through Wealthsimple. This RRSP money would not be taken out for 20 years +[CTS.TO](https://CTS.TO) (Converge Technology solutions) is down 15%+/- after an earnings that by most accounts beats expectations or is at least in line. Company is growing more than 60% a year once you factor in acquisitions. Organic growth at 5.9% this quarter, which while modest, is not at all bad. The company is trading at ridiculous multiples now. Forward P/E of about 7.5 for a tech company growing at 60% a year is insane. This is the gold standard of Canadian tech companies, imo. Am I missing something here? + +Disclosure: I am long CTS, and have been adding today. +I've kept about 5% of my investments this past year in EIT.UN mostly in my TFSA. + +* It pays great dividends always 9-11% +* They have never missed a dividend pay +* It had good growth this year but who didn't + +It feels like a pretty solid investment. Most of my other investments are in VEQT but it is nice getting that monthly dividend from EIT.UN. + +Certainly not suggesting going all-in but it feels like a good holding for monthly income. +It’s a small amount but I wanted some input since I’m a young/new investor. Which individual stocks are in decline right now due to the pandemic/recession but will go back up in a few years or 10? I was thinking car companies? +Expect news of the uplisting to the TSX soon. + +Not only will it graduate to the TSX, it will also be promptly added to the index, meaning all the index funds will need to buy! + +Listing of the shares is subject to Xebec fulfilling all the requirements of the TSX on or before Jan 19, 2021 +I'm just looking for some opinions or advice, currently on a 2 year fix till April next year. Tried to look at what we can get if we re mortgaged now and the best we can get is a 2 year at 5.85% or a 5 year at 5.14% + +Last week these were in the 4% but our broker took forever and now we've missed the boat currently we're on a 2.17% + +Do these prices seem obscene to anyone else, is locking in on a 5.85% for a 2 years bad surely rates have to come down soon really unsure if I should lock in for 2 years or just not on a variable God knows what that will be +I make $122,000 gross and have around $120,000 available for a down payment. Median home prices here are around $675,000. I am debt free and will be using a va loan (no pmi). 795-805 credit score. Should I buy now with low rates or wait for a potential correction? + + +Thanks for any input, I know posts like this can get repetitive. + +*target home price is $575k-$625k* + + +*** I should also mention that average rent for a 2br 1ba in the area is around $2,500*** +Hi guys, I wanted to ask what’s best dividend stocks you can suggest for long term holding that trades on Robinhood platform atm. I am planning to put aside $250 per month and would want to spread across different streams of industry. + +Do you know any best stock that yields about good dividend and most important stock price are not in declining ytd.. + +Thanks for help. +I heard about it and knew it was happening, guess I was not as ready as I thought I was. I just got an email saying that my bills are going to be £800 more than before and direct debits will adjust to match. What is the best advice anyone can share to help me and obviously so many thousand others that are about to be f****d. With the storms and everything its difficult not to have the heating on because its so cold! + +I'd like to add I live with partner and 1 child (4), house is three bedroom. +It's been a year so it’s time for an update post as FIRE continues to get closer. I’ve met my initial goal net worth goal (originally $2m, currently at $2.47m). Now we just need to wait 3 more years until we’re retirement eligible from the military. + +You can read previous annual updates here by clicking this [link and then continuing to follow the previous links.](https://www.reddit.com/r/financialindependence/comments/hu77r8/military_couple_4_years_from_fire_goal_update/) I’ve been working towards FIRE for about 15 years and have been making progress updates on reddit for 5 years. + +For this year update, I shifted towards a focus on retirement projections instead of just saving. This really put a focus on trying to figure out what we want in retirement to answer the question as to whether all this planning will work out. The goal we’ve had is simple: maintain the same quality of life we’ve been enjoying, without having to go to work. The methodology I used was to look at our 2020 spending (slightly off due to COVID-19), then, consider whether each of our current expenses would remain in retirement, and if so, whether it would go up or down. I wanted to be conservative with my estimates, so we estimated on the high side if there was any doubt. + +**Current Ages:** + +* Me: 40yrs +* Wife: 38yrs +* Kid 1: 8yrs +* Kid 2: 5yrs + +**Income:** + +* Me: $143k +* Wife: $138k +* Rental Income: $30k (net) No major changes to our 2 rental houses. Most of this income goes directly back to principal payments on the mortgage. After management fees they only cashflow a couple hundred bucks each month. +* Dividends: $5.6k + +**Savings:** We max out our tax advantaged savings accounts (TSP and Roth IRAs). We’re still eligible for Roth IRAs due to $58k our income being non-taxable housing/subsistence allowances and by maxing our traditional ($39k) TSP contributions and taking the standard deduction. We’re adding approx $128k/yr to various savings/retirement accounts. Pretty much all saving stops after we FIRE. + +**Current balances:** + +* TSPs (gov’t 401k): $1.078m +* Roth IRAs: $365k +* Taxable brokerage account: $383k +* Emergency fund/Cash on hand: $40k +* Coverdell Education Savings Accounts: $56k + +**Life insurance:** No changes. + +**Expenses:** [Annual 2020 Expense breakdown.](https://i.imgur.com/kuNNROq.jpg) + +* Fixed expenses: $8,341.61/mo (This is lower than last year since I excluded mortgage expenses for our rental properties). +* Fixed savings: $10,661.60/mo + +[**Historical Actual Net Worth and Debt:**](https://i.imgur.com/els7ozw.jpg) + +**Current Net Worth: $2.47m** + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$367k +* 2020: +$418k +* 2021: +$284k (year to date) + +**Current Total Debt: $397k** + +* Rental House 1: 31k @ 3.25% +* Rental House 2: 355k @ 3% +* Car 1: 14k @ 2.75% +* Car 2: 27k @ 1.9% (A storm damaged our second car so we decided to pick up a new one as a replacement). Car 1 purchase price was \~$60k, Car 2 purchase price was \~$50k + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $56.8k each. That is in today’s money and since this is tied to inflation it’d be slightly higher and would continue to grow each year in retirement since increases are based on the employment cost index and then in retirement it's tied to the CPI. + +**Assumptions:** + +* 3.25% safe withdrawal rate. We’d draw primarily from our taxable account first, then Roth IRA principle, and also set up a 72(t) distribution from our TSP funds which would allow us to pull in $30-35k/yr based on the current federal mid-term rate prior to age 59.5 +* My Military Retirement: $56,810.04 +* Spouse Military Retirement: $56,810.04 +* Retirement/Taxable Account Distributions: $69,958.24 + +Retirement income (pre-tax): $183,578.32/yr. I estimate we’d pay $31k in taxes (most places we’re looking at don’t tax military retirement income). + +**Retirement income (post-tax): $152,370.01/yr** + +We plan to sell both rental houses prior to retirement and net $534k in equity after fees/commissions. I’m using valuations from last year, not the inflated COVID-19 prices which may or may not last. The idea here was that we kept these houses a hedge against a housing bubble.. which seems to be working perfectly. + +**Retirement house purchase scenario:** + +* Price: $700k +* Equity rolled over from rental houses: $535K +* Cash out: $150k +* Mortgage: $315k @ 3%, 30 yr (no hurry to pay this off if the rates are going to be super low) +* Payment w/taxes and insurance: $2,553.50 + +The biggest unknown we have is still not knowing where we want to buy a house and live. We’ve narrowed it down to a handful of states and have a house budget target of $400-700k. I overhauled my excel spreadsheet to easily make retirement projection calculations, so I can plug in house purchase prices, interest rates, taxes, insurance, etc., how much cash out I want. I also added projections based on my months to retirement for future contributions to our financial accounts. + +I've also considered using the VA loan benefit and not put anything down if rates stay super low and just invest all that rental house equity. One important consideration is getting the loan figured out prior to retirement. It seems mortgage lenders aren’t as interested in lending money if you aren’t working. My spouse will be working one year more than me and we should qualify on just that income. Worst case scenario we just buy a house outright and don’t get a mortgage. + +**Current Expenses (that carry over into retirement):** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|ATM/Cash Withdrawals|$2,411.20|$200.93| +|Automotive|$7,795.20|$649.60| +|Bills & Utilities|$8,931.00|$744.25| +|Entertainment|$191.88|$15.99| +|Food and Drink|$4,800.00|$400.00| +|Gas|$1,900|$158.33| +|Groceries|$12,000|$1,000.00| +|Health & Wellness|$360.00|$30.00| +|Home Maintenance|$2,630.00|$219.17| +|Insurance|$1,909.72|$159.14| +|Shopping|$7,000.00|$583.33| +|**Grand Total**|**$49,929.00**|**$4,160.75**| + +**Additional Retirement Expenses:** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|Travel|$24,000.00|$2,000.00| +|Retirement House|$30,642.02|$2,553.50| +|Gifts|$6,000.00|$500.00| +|Healthcare|$6,000.00|$500.00| +|Entertainment|$6,000.00|$500.00| +|Food & Drink|$3,600.00|$300.00| +|Home Maintenance|$12,000.00|$1,000.00| +|**Grand Total**|**$88,242.02**|**$7,353.50**| + +Overall that’s $152,370.01 income and $138,171.02 expenses for a cushion of an extra $1,183.25/mo. I'm pretty comfortable with that knowing my estimates are pretty conservative. + +**Common questions:** + +* **What about the kid’s college expenses?** Each of us transferred our GI Bill benefits to the kids. That pays for the highest in-state public university tuition cost plus a housing allowance and books/fees stipend. We'll continue funding the Coverdell education savings accounts for the next 3 years and then just let that money grow until they go to school. They should be able to easily afford college without needing to take on any student loans. Any excess funds from the Coverdell ESAs can be converted to 529 and transferred to a cousin. +* **Are you taking into account social security?** We’ll both start getting social security which would be an extra $2k month in today’s dollars or $6.6k a month in future inflated dollars. After doing the math, we’ll probably just take the money as soon as we can (age 62) even if we don’t need it since the break even point isn’t until our late 70s if we delay payments. +* **Why don’t you snag a high paying contractor job after you retire from the military and make bank for a few years?** Yes, we both have extremely marketable and in demand skills and could land high paying jobs post military. We’d rather spend our time with the kids/extended family though. We just don’t need that money. If asked, I’ll just tell people that I’m a high net worth financial advisor (true except the only client is myself). +* **Why not stick around in the military a few more years?** The military pension goes off your high 3 years of earnings and adds 2.5% per year of service. We’re planning to leave at 20 years (50%). Yes, we could get promoted again and then stick around 3 more years to increase that base pay/high 3 calculation. Sticking around 1 extra year would mean a 52.5% pension instead of 50% which would be an extra $300/mo. At the end of the day, it all comes down to whether or not we need that extra income vs the stress of being in the military (potential deployments/separation/long hours/etc). The bottom line is the military doesn’t define who we are and there are others capable of doing our jobs when we walk away. +* **What will you do to stay busy?** Kids, volunteer work, travel, extra curricular activities, go to the gym because we want to, start a garden/chickens/apiary, who knows. I do plan to spend some time at a coffee shop telling unsolicited war stories to young people at least one day a month. +* **Why is your healthcare budget so low?** As a military retiree, we’re eligible for Tricare Select or Tricare Prime. This is the same health coverage we currently have, but when we retire we have to pay about $600/yr for enrollment fees and minimal co payments ($20-$30 for a visit) with a catastrophic cap of $3k or $3.5k. This includes a good prescription drug benefit, but no dental/vision coverage. When we become eligible for medicare you automatically get swapped to medicare and Tricare For Life which is basically Tricare covering the 20% that medicare does not plus your same existing prescription drug coverage. Basically we'll have no health care costs after age 65. [https://tricare.mil/-/media/Files/TRICARE/Publications/Misc/Costs\_Sheet\_2021.pdf](https://tricare.mil/-/media/Files/TRICARE/Publications/Misc/Costs_Sheet_2021.pdf) + +tl;dr Net worth is now $2.47m. Plan is to retire in 3 years at the age of 43 with military pensions worth $113k/yr while using a 3.5% SWR to generate an additional $70k for a combined total of $183k/yr retirement income. +[https://www.macrotrends.net/stocks/charts/F/ford-motor/pe-ratio](https://www.macrotrends.net/stocks/charts/F/ford-motor/pe-ratio) + +Current and historical p/e ratio for Ford Motor (F) from 2010 to 2021. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. +‘Tis the season to be thankful and I certainly owe a debt of gratitude to this sub. Apologies in advance for the length. + +One year ago today I made a resolution to get my finances in order, devise a plan to payoff my student loans, and ultimately track every single dollar I spend in 2017. + +I wanted to share my financial journey as so many others here have motivated me with their own stories. + +A bit of context: Spending decisions were always dictated by the balance in my checking account. If I had the money, I bought it. Throughout my twenties I made marginal efforts to save. I had a fair emergency fund and took my employer match on my 401k but that was about it. At this point last year I had 36K in student loan debt spread across 4 different loans. I had resigned to just paying the minimum for so long I kind of forgot I even had them. It wasn’t until I told my partner about the debt that I realized this was something I needed to prioritize and knock out. + +That’s when I stumbled upon r/personalfinance. After a bit of research and a fair amount of vicariously living through other peoples’ success stories, I devised a plan and got to work: + +1 Create a budget. +I found YNAB and within a week I gameified my budgeting and was completely addicted. How far in advance could I budget with the money I’m making today? + +2 Control spending. +My partner and I agreed to control our spending and set soft limits on things like dining out and other forms of entertainment. She had recently quit her job to start her own photography and coaching businesses too so controlling our spending was all the more important. The discipline was tough at first but this sub encouraged us to stick to our plan and simply spend more quality time with each other. + +3 Cut unnecessary costs. +We also moved into a cheaper apartment saving $800/month. + +4 Take advantage of what life gives you. +We were in a car accident and our car was totaled. We could have gotten a new car but chose to see that as an unnecessary expense since we live in a city with ample public transportation. + +5 Get a new job. +A touchy subject in this sub when you read success stories. I worked hard to land an interview for my dream job and was lucky enough to get a little boost my pay. + +6 Change health insurance. +I’ve always been a PPO guy but with the new job I switched to a high-deductible plan. It comes with an HSA to which my employer contributes every month. Free. Money. + +7 Follow the money (Lester Freeman voice). +I followed the money flow in this sub religiously and confirmed paying off my moderately high-interest debt was going to be my main priority. I created a budget category to payoff my student loans and put in $1200 a month. Any extra income each month went here as well. My goal was to pay off the loans by February 2019. + +8 Maintain the momentum. +Eventually the balance on a single loan would be low enough for me to completely pay off if I borrowed from the money I had budgeted for future months. I had a decent emergency fund saved so out of sheer excitement I’d occasionally drop in a payment for a few thousand just to scratch it off my list. The feeling of paying off these loans was contagious and what was once a dream was becoming reality. + +By September I had paid off 3 of my loans and was staring at a $10K balance on the remaining loan. I took all of my future-budgeted money and dropped the final loan payment. Wells Fargo even said they’d pay the interest that would accumulate until the payment posted. Okay it was $14 but I’ll take it. + +I’m now sitting here in December looking back and completely dumbfounded at what I was able to accomplish in a single year thanks to the guidance and support of this community. Now that all my debt is paid off I’m saving for a max IRA contribution come April. I’m now also trying to take out the max (15%) for an ESPP - a personal challenge that until this year I would have thought was a financial impossibility. + +And whatever strategy and discipline I managed over the course of this year is COMPLETELY owed to this community. The questions, challenges, guides, resources, and success stories were an inspiration and motivated us to keep going even when things got tough. To think just a year ago today I had no idea where to start. + +Thank you to everyone in this sub. You’ve truly changed our lives for the better and I only hope that my story can help just as so many others have done for us. Thank you. + +EDIT: Grammar. It’s always the grammar. +Salutations Apes. I saw a purple whale and took it as a sign. It's time for a DRS numbers update. + +Overall, I've identified 1658 portfolio posts and 391 direct stock purchase posts, not including when an ape posts the same screenshot to multiple subs. + +Here's a graph showing how many portfolio posts are made each day. + +NOTE: This do not include direct stock purchases and today is not over. + +[ComputerShare portfolio posts to Reddit](https://preview.redd.it/ipiwjn6t1hs71.png?width=800&format=png&auto=webp&s=ee6140be8b32c31f9e9dc8628256f9126fcd090a) + +Here's a tally of shares from those screenshots: + +[ComputerShare portfolio GME shares](https://preview.redd.it/duscqr442hs71.png?width=800&format=png&auto=webp&s=44ad21e0af6546cc607c1f2d55d982fd7cf553c8) + +How about the distribution of X, XX, XXX, XXXX, and probably soon XXXXX holders (this includes direct stock purchases): + +[Not A CAT](https://preview.redd.it/rdc4ilj13hs71.png?width=1600&format=png&auto=webp&s=3e8aa5daa83594e370cddb155379c537ed4acda9) + +# Tit Jacking Numbers: + +I've identified **1809** ComputerShare Accounts with **198,040** shares in them. That's an average of **109.5** shares per account. The median account has **30** shares in it. The standard deviation is **420** shares (nice). + +# Methodology Overview + +Software does most of the heavy lifting, but I **manually review every single post** to ensure data accuracy. (It takes a while) + +When I encounter an Ape that has made a direct stock purchase, then later shares their portfolio, I count that as 2 ComputerShare accounts, even though that isn't always the case. I also 0 out the purchase, since the value of the purchase is included in the portfolio. + +When I encounter an Ape that has shared multiple portfolio images, I only keep the highest one. + +When I encounter an Ape that has shared multiple purchases, I add the values into a single ComputerShare account. + +# Code and Data: + +Data: [https://drive.google.com/file/d/1oTqhILr5HRcB9vTAMQXVMg3XUg0Vplv5/view?usp=sharing](https://drive.google.com/file/d/1oTqhILr5HRcB9vTAMQXVMg3XUg0Vplv5/view?usp=sharing) + +Code: [https://drive.google.com/file/d/1L5ixCwRiyvBnXPjcJd8P5TQ8T9VxVoY0/view?usp=sharing](https://drive.google.com/file/d/1L5ixCwRiyvBnXPjcJd8P5TQ8T9VxVoY0/view?usp=sharing) + +&#x200B; + +# Cheers! + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases or portfolios publicly. I personally have not posted mine, b/c people I know also know who I am on Reddit. + +BUY HOLD DRS + +We are the catalyst. + +TADR: 🦍🦍🦍🦍🍌🍌🍌➡️💻🪑📈 +Hi UKPF, + +Maybe this is common knowledge, and I'm the only mug who has wasted a bunch of time with this problem, I dunno. I've been trying to make the most of the HSBC, Halifax, First Direct current account switching offers, but kept falling at the final hurdle when trying to open an account. Getting all sorts of weird error messages on the Halifax one, especially. + +Turns out, there's a list of banks and building societies that are signed up to the switching service. If the bank you're trying to switch FROM isn't on this list, then you're shit outta luck. Rather unhelpfully, the banks don't want to make this list obvious and far prefer if you open an account regardless, without doing a switch (and them having to pay out big dolla). In my case, I was trying to switch from my Chase account which isn't on the list. Hence the issues. Anyway, here's the list: + +o Acorn Account + +o AIB (NI) + +o Allied Irish Bank (GB) + +o Arbuthnot Latham & Co., Limited + +o Bank of Ireland UK PLC + +o Bank of Scotland + +o Barclays + +o Barclays Private + +o C. Hoare & Co. + +o CardOneMoney + +o Clydesdale Bank Plc + +o Co-operative Bank + +o Coutts + +o Coventry Building Society + +o Cumberland Building Society + +o Danske Bank (Northern Bank Limited) + +o First Direct + +o Habib Bank Zurich plc + +o Halifax + +o Hampden & Co + +o Handelsbanken + +o HSBC CIIOM + +o HSBC Private Bank + +o HSBC UK Bank plc + +o Investec Bank plc + +o Isle of Man Bank + +o Lloyds Bank + +o Lloyds International + +o Lloyds Private Bank + +o Metro Bank + +o Monzo + +o Nationwide Building Society + +o NatWest + +o Natwest International + +o Reliance Bank + +o Royal Bank of Scotland + +o Santander + +o smile + +o Starling Bank + +o thinkmoney + +o Triodos Bank + +o TSB Bank + +o Ulster Bank + +o Unity Trust Bank + +o Virgin Money + +o Weatherbys Bank Ltd + +o Yorkshire Bank +Every time I see someone’s DD or “XXXX is going to blast off today”, i go to check the chart and it has already jumped like 300% in the past 3 days. This in my opinion means it’s way too late in most cases and it’s lucky to even go past 100%. Although TLSS did have a large run up and then I saw it in here and then it doubled, but that’s the best I’ve seen and I’ve been lurking here for 2-3 weeks. Did I just join at the wrong time? Is this what it’s all about? +Hello, I am using a throwaway. + +I am an ex-con released in 2018 for car crime. You can read one of the links from my post history if you want more details but the relevant facts are these: + +* \- I started with the group in 2011 when I was just out of my teens +* \- I carried on for 4 years +* \- I got arrested in 2015 and received a 6 year prison sentence. All my cash (£4,000) and cars were seized during the raid at my rental house. Most of the the money was returned to me as they were proceeds of gambling (I was a heavy drinker and gambler). Some of the cash and all of the the cars that belonged to the group I was involved in were confiscated. I had no POCA or HMRC action against me. +* \- I was released in 2017 on tag. + +Right before I was arrested in 2015 I bought bitcoins in cash from a BTC ATM machine. I had 20.33 BTC in my possession, they were bought for around £400 each back then. I gave them to my sister to hold onto when my landlord kicked me out of my rental house and I left my personal possessions with her when I went inside. I have proof of receipts for the purchases and I have the gambling transactions from my William Hill online account that show I made purchases from the BTC ATM next door to the bookie each time I had a good day at the bookies and bought one coin. + +When I came out of prison, I spoke to an accountant about them. He showed me guidance from HMRC that said that bitcoins were considered gambling and therefore not subject to tax. + +I have been selling them for the last few years, in cash and used them to fund my living expenses and equipment for my job (I was living in a probation service approved hostel whilst working as a painter and decorator and would sell them when I was low on work). + +I still have just over 16 bitcoins left. However, I went to my accountant just before Christmas and gave him my receipts for my painting and decorating jobs. He said guidance has now changed in 2018 and that the bitcoins would also have to be accounted for also and that they were subject to capital gains tax less my personal allowance. I would also have to redo my tax returns for 2017/2018 and 2018/2019 and 2019/2020 to account for the ones that I sold previously, less my allowance. + +**My question is, if I redo the tax returns, is there a possibility that my bitcoins could all be confiscated as Proceeds of Crime?** + +My accountant seemed shocked when I pointed out to him that they had climbed in price and were now standing at £16,000 (he said I'm the only client with bitcoins he has, and he doesn't know much about them). He said that he would try to speak to a HMRC officer off-the-record and see if there was a chance to do a full disclosure. He said there is something similar called a Code 9 but that is for criminal offences of tax fraud or tax evasion. He is worried that HMRC might not believe that I bought the coins with the proceeds of gambling, but that they were proceeds of crime from the car ringing I was doing. I still have some of my ATM receipts and I have the blockchain records that show I bought the bitcoins and transferred them onto paper printouts from [bitaddress.org](https://bitaddress.org) (they are now kept on a Trezor). But there's no proof they were bought in cash with the gambling proceeds. + +He seem quite concerned that I am sitting on assets worth £250,000 and that I could potentially be liable to lose them all. He has suggested that he won't submit my tax returns yet, until he speaks to some colleagues of his and a tax investigator that he knows. Then he says, it might be better to speak directly to HMRC and ask for a sit-down interview or a Zoom call and make a full disclosure. + +He said I also have the possibility of leaving the United Kingdom and moving to a tax haven. However I am now married and my wife's little boys from her previous marriage are in school, they call me 'dad' now. I'm not sure £250,000 would last forever in Switzerland or wherever, plus I'm an ex-con and might not get a residency permit. I'd prefer to stay in the UK and pay my taxes and get on with my life. My painting and decorating job is going really well now and I've got a full order book for spring 2021. I no longer drink or gamble. I moved away from my hometown and no longer have any contact with any of my old group. Any advice any accountants here can give is most welcome. + +**Tl;DR: I'm scared HMRC might confiscate my 16 bitcoins as Proceeds of Crime for an earlier offence, is there anything I can do and what's the % chance of me losing my coins?** +I know the pros will say this is obvious but the best way to save money has to be having a dinner schedule and doing groceries delivered once a week. + +We are a family of five and spend $200-$250 a week on food. We have a monthly calendar with maybe 10 different dinners that are rotated. + +Main thing that costs money is going to the shops often and it being impulse/unplanned. And if you’re going after work then you’ll be tired and won’t care and will spend more. + +If you do once a week you get to sit back and plan. See how the checkout basket is looking while you pick. Hunt down specials. You don’t ever have to carry shopping bags. You save HOURS a week of time which you would have shopping… + +What are some other budget hacks?? +I’ve put in an offer and the agent is about to give me a contract and they asked for details of my solicitor if I have one. What is a solicitor for? Do they need to sign anything? +Hi all, interested in people’s experiences and how they have (successfully) dealt with a hot property market. What was your strategy? Was their anything you would/wouldn’t do again? + +My current thoughts: +- Be patient and wait till the heat/frenzy dies down (if it will) +- Compromise and expand your search radius to areas outside your target suburbs +- Adjust your expectations, ie consider townhomes instead of houses. + +For what it’s worth. In the initial stages of house hunting in Melb (10ks north of Melbourne ideally). It’s a crazy market, places are going for 15-20% above SOI indication. To me seems ridiculous! +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. +Yes yes yes, we know. Media attention picking up. People talking about naked shorts. It seems like the perfect set up to jack all of our tits and then tank it, shaking off a ton of apes. + +BUT here is what we know: + +1. Memelord RC has been tweeting more lately. He also picked 6/9 himself in all likelihood. He could have picked another date, but no he picked this date and only recently confirmed it. If he didn't have anything why would he? He knows apes are gonna hype this day up so why take a risk if its just an average meeting/earnings? Maybe he has something up his sleeve because lets be real, if APES are expecting fuckery then he definitely is too + +2. Memelord DFV has been insanely active and addressing the meeting/RC directly in his edits. Again, why jack everyone's tits if this is still months away? Keeping morale high is great but it only lasts a few days. + +3. Gamestop has been LIKING moass tweets. These don't show up everywhere so its not some marketing tactic. In my opinion, their tits are just as jacked as ours. + +4. VOTES! We are pretty much certain the vote count will be massive. Sure there will be fuckery but we can't go in assuming that. + +My theory: They've successfully managed to infiltrate a good strat (don't hype up 6/9 because we may be disappointed) and turned it into something else (EXPECT A CRASH aka don't buy till the crash). When our tits were fully jacked for 6/9 we were buying like crazy in the lead up to it. But now? days before the fucking meeting we're making memes about expecting a crash! The stock is still pretty stable implying some institutional buying (covering) to match selling/shorting (aka resetting FTDs) + +TADR: APES! Don't fall for this FUD. Expect Nothing. But Also Expect Everything. Make your MOASS playlist. + +AND KEEP THOSE TITS JACKED. This isn't a penis, there's no 4 hour limit. +&#x200B; + +[EXPERIMENT – Tracking 2018 Top Ten Cryptocurrencies – Month Forty-Nine – UP 4&#37;](https://preview.redd.it/vp6ri27e2ji81.png?width=666&format=png&auto=webp&s=490548527c182d98a6a5b2bf68952307eea6b792) + +***Find the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49)***.*** + +Welcome to your monthly no-shill data dump: Here's the 49th monthly report for the 2018 Top Ten Experiment featuring **BTC, XRP, ETH, BCH, ADA, LTC, NEM, DASH, IOTA,** and **Stellar.** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* Snapshots taken on the 1st of each month. +* **January Highlights:** (crickets) +* **Overall since Jan. 2018:** **ETH** solidly in the lead, followed by **BTC** and **ADA**, the only three in the green. +* **2018+2019+2020+2021+2022 Combined Top Ten Portfolios are returning 224%.** +* Reminder: I'm focusing mainly on the 2022 Top Ten Portfolio this year and will release one other bonus update per month on a rotating basis. + +## Month Forty-Nine – UP 4% + +https://preview.redd.it/fqkjno1z5ji81.jpg?width=939&format=pjpg&auto=webp&s=69b83bb2e4f564346525afc6d789432f3c5d9212 + +The 2018 Top Ten Crypto Index Fund Portfolio is **BTC, XRP, ETH, BCH, ADA, LTC, IOTA, NEM, Dash,** and **Stellar**.   + +January highlights for the 2018 Top Ten Portfolio: + +* A rough start to 2022 and the **second 100% red month in a row**. **Bitcoin** (-18%) falls the least. +* **ETH** maintains a solid overall lead, **BTC** in second place, **ADA** in third.  Only these three cryptos are in the green since January 2018. +* **The 2018 Portfolio drops -30% in January, now just +4% since January 2018** and well behind the S&P 500’s ROI over the same time period. + +## January Ranking and Dropouts + +Here’s a look at the movement in the ranks since January 2018: + +https://preview.redd.it/temsfw736ji81.jpg?width=406&format=pjpg&auto=webp&s=976f2b628fad278e6fdd065c9474fa3de3bc233d + +**Top Ten dropouts since January 2018:** After four+ years of the 2018 Top Ten Experiment, only 40% of the cryptos that [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have remained.  **NEM, Dash, Stellar, Bitcoin Cash, IOTA**, and **Litecoin** have been replaced by **Binance Coin, Tether**, **DOT, SOL**, **LUNA**, and **USDC.  NEM** looks like it wants to be the first to drop out of the Top 100. + +## January Winners and Losers + +***January Winners*** –  100% red month, but **Bitcoin** dropped the least, ending January down -18%. + +***January Losers*** –  **IOTA**, dropping -38% this month. + +## Tally of Monthly Winners and Losers + +After forty-nine months, here’s a tally of the monthly winners and losers over the life of the 2018 Top Ten Experiment.  + +https://preview.redd.it/x444xoc66ji81.jpg?width=415&format=pjpg&auto=webp&s=4ec6e2bedb557270570fd6ce5af8adeca79d3abb + +With 12, **Bitcoin** has three more monthly wins than second place **Cardano**.  **NEM** has finished last place most often (12 months out of 49). + +**Bitcoin** is still the only cryptocurrency that hasn’t yet lost a month since January 2018 (although it has come very close a couple of times). + +## Overall Update –  A bloody start to 2022. Overall ETH in first place, BTC is second place. Dash in last place. + +After reaching an All Time High (+72%) in [October](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46), the 2018 Top Ten Portfolio continued to lose value.  After four years of holding these cryptos, only 3 out of the 10 cryptos are in the green: **BTC,** **ETH,** and **ADA.** + +Overall, first place **ETH** (+285%) is well ahead of **BTC** (+193%) and third place **ADA** (+60%). + +The initial $100 invested in first place **ETH** four years ago?  It’s worth $386 today. + +**DASH** is at the bottom, down nearly -91% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)**.**  The initial $100 invested in **DASH** forty-nine months ago is worth about $9 today.   + +## Total Market Cap for the entire cryptocurrency sector: + +https://preview.redd.it/jnwd1kn96ji81.png?width=582&format=png&auto=webp&s=86f05288589b3d9750278a9ca483846f2441e911 + +End of January 2021 market cap: **$1,773,545,018,753** + +The total crypto market dropped significantly in January.  That said, crypto as a sector is up +208% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).   + +There was no easy way to achieve this at the time, but if you were able to capture the entire crypto market since New Year’s Day 2018, you’d be doing much, much better than the Experiment’s Top Ten approach (+4%), the return of the S&P (+70%) over the same period of time, and nine of the individual cryptos within the 2018 Top Ten (except for **Ethereum)**. + +Crypto Market Cap Low Point in the 2018 Top Ten Crypto Index Experiment: **$114B in** [**January 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/). + +Crypto Market Cap High Point in the 2018 Top Ten Crypto Index Experiment: **$2.65T in** [**October 2021**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46/)**.** + +## Bitcoin dominance: + +https://preview.redd.it/g0b69nkb6ji81.png?width=487&format=png&auto=webp&s=0855ec69693427885b1069d5e007158e15329ece + +**BitDom** ticked up one percentage point in January, ending the month at 41.2%.  When looking at the entire four year 2018 Experiment time frame, **BTC** dominance is near the low end.  For context:    + +Low Point in the 2018 Top Ten Crypto Index Experiment: [**33% in January 2018**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one). + +High Point in the 2018 Top Ten Crypto Index Experiment: [**70.5% in August 2019**](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/). + +## Overall return on $1,000 investment since January 1st, 2018:  + +https://preview.redd.it/dzik21kc6ji81.jpg?width=340&format=pjpg&auto=webp&s=5226e53ab2f3057f5e16ba0b99a9a31671f1b7eb + +The 2018 Top Ten Portfolio lost -$306 in January.  Believe it or not, December was slightly worse for this portfolio (-$325). + +If I decided to cash out the 2018 Top Ten Experiment today, **the $1000 initial investment would be worth $1,035**, up 4% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).   + +Green is unfamiliar territory for the 2018 Top Ten Portfolio and a recent development.  Over the first four+ years of the 2018 Index Fund Experiment, thirty-eight months have been in the red, with only eleven months of green.  All eleven of the green months have come in 2021/22.  + +Here’s a look at the ROI over the life of the experiment, month by month, since the beginning of the 2018 Experiment four years ago: + +https://preview.redd.it/qqw0snxf6ji81.jpg?width=760&format=pjpg&auto=webp&s=0976074dcd6d26331aaaa245aab3d558cd69c328 + +The all time high for this portfolio is [October 2021](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46) (+72%).  The lowest point was in January 2019 when the 2018 Top Ten Portfolio was down [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/).    + +Remember: no one can predict the value of any crypto tomorrow, let alone next month or next year.  The 2018 Top Ten Crypto Portfolio was down -88% after one year, -80% after two years, -25% after three years. + +## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios + +Alright, that’s that for the 2018 Top Ten Crypto Index Fund Experiment recap. + +But I didn’t stop the Experiment in 2018:  I invested another $1000 into each of the ***2019***, ***2020, 2021,*** ***and*** [***2022***](https://toptencryptoindexfund.com/announcing-top-10-2022/) Top Tens as well.  How are the other Crypto Index Fund Experiments doing?    + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-49): up +4% (total value $1,035) +* 2019 Top Ten Experiment: up +364% (total value $4,639) +* 2020 Top Ten Experiment: up +577% (total value $6,766) +* 2021 Top Ten Experiment: up +201% (total value $3,009) +* 2022 Top Ten Experiment: down -25% (total value $747) + +So overall? Taking the five portfolios together, here’s the bottom bottom bottom bottom *bottom* line:  + +**After a $5,000 investment in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,** the combined portfolios are worth **$16,196.** + +**That’s up +224%** on the combined portfolios, **down from** [**November’s all time high of +553%**](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-47) for the combined Top Ten Index Fund Experiments.  Here’s the combined monthly ROI since I started tracking the metric in January 2020: + +https://preview.redd.it/8m9uctlj6ji81.png?width=600&format=png&auto=webp&s=60e62c5720dff1128ee607c445c6c853c596e704 + +***That’s a +224% gain by investing $1k in whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five years in a row.*** + +## 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.   + +https://preview.redd.it/nxudx2vn6ji81.png?width=582&format=png&auto=webp&s=5d7305ca4e89e11fe0a5d71b45112afdc86c7416 + +The S&P 500 is up +70% since January 2018, so the initial $1k investment into crypto on [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would be worth $1,700 had it been redirected to the S&P.   + +Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,700 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,810 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,410 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,210 today +* $1000 investment in S&P 500 on January 1st, 2022 = $950 today + +Taken together, here’s the bottom bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, and 2022 my portfolio would be worth $7,080.** + +That is up **+42%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+224%** gain of the combined Top Ten Crypto Experiment Portfolios. + +Here’s a fancy new chart showing the four year ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:  + +https://preview.redd.it/oyo0c99q6ji81.png?width=575&format=png&auto=webp&s=f426556b1975b3e706e89121b37b083f1295d007 + +## Conclusion: + +Many thanks to the long-time Experiment followers, appreciate you taking the time to follow along over the years.  For those just getting into crypto, welcome! I hope these reports can somehow give you a taste of what you may be in for as you begin your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and try to enjoy the ride! Feel free to reach out with any questions and stay tuned for monthly progress reports. Keep an eye out for my parallel projects where I repeat the experiment, purchasing another $1000 ($100 each) of new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-36), [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-24), [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-12), and most recently, [January 1st, 2022](https://toptencryptoindexfund.com/announcing-top-10-2022/). +I genuinely don't understand what the market or analysts expected? Inflation is not going to drop to 2% in 3 months. It may take years to get back to the normal levels unless the Feds migically accomplish "Soft" landing +I just bought a home and work as a self employed freelancer earning £70K+ per year. Everything is going great and I’m generally happy with my finances. +I am just concerned that with what’s going on right now, there are possibilities that I get sick and won’t be able to work for some time. I have emergency funds but not sure if it is enough. I’m in my early thirties and in good health. + +I’m wondering whether I’d be better off with income protection or life insurance? Is there any consultation that you guys can recommend? +PSA: The sub and the moderators of Wallstreetbets do not associate itself with [this post](https://www.reddit.com/r/wallstreetbets/comments/hrorfa/i_will_invest_100000_into_whatever_is_the_top/), the author (MrBeast, aka Jimmy Donaldson), or actions being taken in said post. Investing money in the stock market is inherently risky and we do not recommend following trades such as this. + +We are condemning the illegal nature of providing compensation for investment advice to individuals who are not registered under the investment U.S. Investment Advisers Act of 1940 - Page 3 [Regulation of Investment Advisors - SEC](https://www.sec.gov/about/offices/oia/oia_investman/rplaze-042012.pdf) + +So please, we advise you to trade/invest responsibly and at your own risk. +First of all, I would like to state that this will most likely NOT apply to 99.9% of people reading this. These circumstances are considered eligible for a dependency override because they are so unique. Less than 1% of students under the age of 24 are able to get a dependency override. + +This post is a bit lengthy, but because I have gotten so many questions over the years from my peers, I figured I would type up everything I learned from this experience. When I graduated high school, no one knew how to help me. My high school counselor had no clue what to do and pretty much all the adults around me had no advice for where to even begin. At the time, the internet was not much of a help either, as most of that information was generally about how no one is ever able to get an override. + +To shorten this post a bit, I posted some information about FAFSA dependency requirements in the comments. + +**My Story:** + +As I said above, tons of students my age have asked me how I became an independent student. I am a 22 year old who can answer NO to every single one of the FAFSA questions. I am single, no children, and have never been declared a ward of the state. I was never declared homeless (though the situation was close) and I was never determined to be an unaccompanied youth. + +I turned 17 in May 2009, right before my senior year of high school. My father passed away that summer, leaving my mother to take care of my siblings and myself. My mother has certain mental disabilities and social services would come weekly to counsel our family. To make a long story short, in March of 2010, my mother left the apartment and never came back. The police came and said that I was to remain in the care of my older sister (19 at the time) who was left as my unofficial temporary guardian, as I was only two months away from both turning 18 and graduating from high school. My plan was to go to community college and just make it on my own. + +The problem that I ran into was that I was unable to complete a FAFSA application without my mother's information. She had not filed taxes and even if she had, there was no way to get in contact with her. Because the situation was only for two months, no court documents had ever been filed to declare that I was in a legal guardianship or an unaccompanied youth (either one would make me an independent). The only documents that I had was a letter from my social worker saying that my mother had abandoned me and the police report, but there was no other record of the abandonment. I did some extensive research, but almost everything I found was about how difficult it is to get a dependency override. There were tons of posts about how students had been forced into dependenct status despite being kicked out of the house, but no one seemed to have tried the override (or their financial aid office had denied them). + +I decided to contact a professional FAFSA preparer and they directed me to the FAFSA website that listed information about extenuating circumstances. I followed the advice from the FAFSA website and contacted the financial aid offices of numerous colleges and universities to see if they could help me. The response that I received from two community colleges was that since dependent status would be more than enough to cover my tuition, that it wasn't worth the time for their financial aid offices to override my status. The response from a public state university was that my proof was insufficient for a dependency override and that I would have to prove abandonment through court documents. The police report was not enough proof for them to override. This was indicative of the responses that I received from several other schools. *The problem with this is that without my mother's financial information, I would not have been able to complete the FAFSA and would not have been eligible for ANY aid, regardless of whether I was independent or dependent.* One of the schools even told me that I would have to wait until I was 24 to even apply for FAFSA at all. + +Finally after months of trying, I contacted the financial aid office of an out of state private college and they were able to help me. When I mean that it was months of trying, I am being serious. I started contacting schools in April 2010, working my way through my list from the cheapest schools to the most expensive schools that I had been accepted to. In August 2010, I contacted the private college that was dead last on my list. I explained my circumstances to them, faxed them copies of the documents, and within a week the college came back and said that my status as an independent student had been approved. The financial aid office was even able to get the dependency override despite the fact that it had not been a full calendar year since the abandonment. At the beginning of each school year, I would have to sign an affidavit that stated that my home situation had not changed and that contact with my parent would result in my independent status from being revoked. + +I graduated in 2014 from that private college, but I also worked full time throughout. Each year, I signed my affidavit and received my aid. The battle for this one was uphill all the way, and I am extremely grateful to the financial aid office for helping me. **The main point of this story is that you will have to find a school with a financial aid office that is willing to work with you. Out of the 12 colleges I was accepted to, only 1 was willing to look at my documents and help me.** + +**One final footnote:** + +Because this is /r/personalfinance, it would be wrong not to mention that I calculated the costs of attending community college versus attending a private college. I was looking at paying $6000 in loans each year to attend my program at a community college, plus paying for living expenses. In comparison, I was looking at paying $10000 in student loans each year to attend the private college, room and board included in that figure. The amount of debt was LESS to attend a private college for 4 years ($48000 total cost, including room and board) than to attend community college and transfer ($6000 tuition + 800/month living expenses worked out to $28000 debt for two years at CC, not including tuition for the transfer). Of course, I worked two jobs while in school, but it is certainly something that every student should consider. I also graduated with a degree in Information Systems and graduated with a $50k/year job as a database admin. I would not have done this if I were pursuing a less employable degree. + +**TL;DR: FAFSA requirements for being an independent student are hard to meet. I was abandoned by my mother, but lacked court documents to prove it. I applied to numerous colleges and asked for a dependency override due to parental abandonment. Most schools turned me down, but one of the private colleges did not. The financial aid office worked with me, declared me an independent. After calculating the total costs, I attended the private college and for four years signed an affidavit re-affirming my dependency override. I graduated and want to share my story to help others.** +If I bought 10 shares of a stock which was $10 a share ($100 total), and I have $10 in unrealized gains (so $110 total) from the stock appreciating, should I "realize" those gains and buy another share of that stock? why or why not. + **KEY POINTS** + +* **It’s time to go back to buying the dips when stock prices fall and the market is “dying,” says Jim Paulsen of Leuthold.** +* **The strategist expects the recent market volatility to last for a few more weeks, but says there’s no sign of a recession, which is making him bullish again.** +* **“Buy the dips” is a strategy that has been popular during most of the more than 9-year-old bull market, but investors abandoned it in droves during the recent stock market correction.** + +\---- + +I did some research and base on his firm’s website. According to the latest data, his funds did not outperform the broader S&P 500 index so far this year. + +**YTD Performance as of 09/30/2018** + +**LCORX** 0.08% + +**LCRIX** 0.21% + +**S&P 500** 10.56% + +**Lipper Flexible** 2.63% + +Wonder how his funds perform after the recent market rout. + +CNBC [https://www.cnbc.com/2018/12/28/jim-paulsen-bullish-on-stocks-again-says-its-time-to-buy-the-dips.html](https://www.cnbc.com/2018/12/28/jim-paulsen-bullish-on-stocks-again-says-its-time-to-buy-the-dips.html) + +Leuthold Group [https://funds.leutholdgroup.com/funds/48-leuthold-core-investment-fund](https://funds.leutholdgroup.com/funds/48-leuthold-core-investment-fund) +[https://www.cnbc.com/2021/09/16/fed-chief-powell-orders-ethics-review-after-multimillion-dollar-trades.html](https://www.cnbc.com/2021/09/16/fed-chief-powell-orders-ethics-review-after-multimillion-dollar-trades.html) + +I'm sure Powell will make it so Fed presidents can't profit from their positions. /s +Somehow everything has broken: freezer, dishwasher, microwave, and clothes washer, all in one week. I own the house (barely) but can't afford the repairs. I can do without everything but I miss ice in this heat. Cold water in the fridge just doesn't cut it. + +I don't ask for much. Vacations, expensive items, dining out......those are not in my life. But ice? I just want some freaking ice. I'm so tired of being broke. + [Exposing Tether - Bitcoin's Biggest Secret - YouTube](https://www.youtube.com/watch?v=-whuXHSL1Pg) + + +Just a reminder that Tether most likely doesn't have full backing. Tether's "proof" of reserves is shakey, and most likely not there. They aren't legally required to redeem it and among other things. I highly recommend moving any stablecoins you have to something like USDC +Hey guys, last year my family fell into homelessness, my awesome boyfriend (now fiance) came to the rescue and helped get us back on our feet so my mother told him to file my sister for taxes since he paid for so much stuff (food,rent,utilities,extracurricular activity fees for my younger sister) . We went to H&R Block and the representative asked how my sister was related to him and we told her the situation and she was like "that's fine, you can still file her since you provided care", fast forward to last month and he gets a letter in the mail saying he's being audited so we call the IRS and tell them that we did them professionally blah blah blah, turns out in 2015 the IRS no longer allowed people to file children who had no blood relation to them. + +I just don't understand why the woman who did the filing did not tell us about this law since it had been active for 2 years. The worst thing is we looked through the giant folder that H&R Block gave him after we got the IRS letter and the person who did the filing put down my sister as his daughter. Which is not what we told her, we even brought in her birth certificate/photo ID because we weren't sure what to bring. + +We aren't sure what to do, he wouldn't be audited by the IRS if it wasn't for H&R Block. What can we do to not have to pay back this money? +Hi all, + +I’m new to investing this year and have been making great returns thus far. I am not a day-trader, although stocks are, as of 2021, my only source of income. I am a student. + +So how do capital gains work? I’ve seen and read two different things, which I’ll give an example of below: + +Say I bought $1000 of a stock last month and it has since turned into $3000. I sell those shares for $3000 and take $2000 in profits. + +Scenario A: 50% of that $2000 is taxed. That leaves me with $1000. + +Scenario B: 50% of that $2000 is taxable. Since I am in the lowest income bracket in Ontario, I pay 10.3% tax on $1000, which is $103. That leaves me with $1897. + +When googling, I’ll find either scenarios, so I’m not sure what I’d actually be be taxed on for my capital gains. I’m new to investing, I’m a student, and have never filled out tax forms (without my parents, of course). Please let me know which scenario is correct - or if not, what I’d actually be taxed on. Thanks! +I've recently been providing tech support consolidating digital accounts and helping manage MFA settings for a family member whose mental capacity is in decline. + +Among those accounts is a self-trading account with various positions and holdings worth a few hundred thousand, and generating dividends that are not insignificant. In the past few months, they have gone from managing their own trades to not being able to read their account statements. The problem is, I'm concerned about the impact on the estate if either a) I notify the power of attorney and they figure it'll just be easier to sell everything off, and they start making really bad decisions in the name of the "estate." or b) I let it lie, don't notify anyone and their investments tank. + +I'm looking for suggestions on how to proceed. In my mind, a third-party, qualified and vetted account manager would help advise the executor so that this account doesn't tear the family apart or have a negative impact on the estate as a whole. Suggestions? Help! + + +I am planning to do the smith maneuver in a non-reg Questrade account with the goal to pay off +some of my mortgage principle and growth + +Here are my options - + +1. Keep it simple with asset based ETFs like XGRO/VGRO - Use quarterly dividends + sale for payments + +2. Asset Based etfs VGRO/XGRO + Dividend ETFs VDY/XDV + +3. Index based ETFs XSP/ZSP + +4. Individual Canadian Dividend stocks + +Would like to hear suggestions, feedback or experiences when setting up your smith account. + +PS: Has anyone tried using wealthsimple investing (not trade) as a passive smith maneuver account? +Wouldn't it be better to have a minimum purchase denominated in fiat instead of bitcoin? At this rate it is no longer a situation where someone can buy $10 worth of bitcoin easily. Let's keep the entry barrier easier for those who are just getting in. I know when I first found bitcoin I only bought around $9 from coinbase. Now there is a minimum of $50 to get any. If the bank fees are already included in what we are paying why is it hard to implement a lower minimum? +Had a telehealth visit back in the summer and waited for thirty minutes and the doctor did not show up. The doctor then calls me later that same day randomly for a call that lasted 2 minutes to tell me to continue my current medication + +I got billed for a 45 minute office visit. I have been fighting it for months now , going back and forth showing screenshots with time stamps of how she never showed up as I was waiting on the site for her to start the call, and a screenshot of the call record time stamp. They finally said they would adjust it. Just received the updated bill and its coded as a 99123, which is a 20-29 office visit and she said that they can’t do anything because that is the lowest code they bill. + +How do I fight this? I just don’t see how it is legal that I now owe them $100+ when the doctor didn’t show up to my scheduled appointment and then I get charged for a 20-29 office visit when she only called me unannounced for a 2 min conversation. They’re saying that even though she didn’t call me at the appointment time, the window holds for the whole day and she still offered me a service in that two minute call. + +Any tips on how to fight this? Would it be bad if I just not pay this and it goes to collections, could I try to negotiate with collections and lower it? +I have seen the same post over and over on this sub, as well as others. Jp Morgan, citi group, all those banks not allowing that purchase of crypto with a credit card. + + +Im not scared by that. Why would i be? What scares me is the absolute chaos found in those comment sections by people who either aren't reading the title of the post, or just do not have the financial sense to differentiate between credit, and any other form of payment. + +Firstly, credit is NOT your money, it's money that the BANK is loaning to you. So stop freaking out and saying "THEY CAN'T TELL ME HOW TO SPEND MY MONEY!". They can however tell you no to a loan you are trying to take out to buy an extremely volatile asset. The fact that they ever let us use credit is actually astounding. + +Secondly, if you don't know how credit works, need credit to invest, or frankly are so financially illiterate that you actually got upset by those posts, YOU SHOULD NOT INVEST IN CRYPTO. You will be eaten alive, you will put money into the tron, verge, and bitconnect of the sector. And you will lose. + +And lastly, because I'm sure at least a percentage of people that freaked out DO in fact understand why they would revoke the PRIVILEGE of credit on an asset like crypto, I urge you to READ AND COMPREHEND. Not just the title, but at least the title. More people these days are getting 100% Of their news and info through headlines. I'm actually disgusted by it, as it makes our people as a whole entirely too malleable by the media. But for the love of fuck, AT LEAST READ THE ENTIRE TITLE, it says it right there, credit cards only. + + +Tldr: READ THE ENTIRE THING YOU LAZY FUCK, THIS IS WHY YOU ARE POOR. YOU GET SUCKERED INTO STUPID BY THE COMBINATION OF YOUR LAZY RESEARCH AND WELL CLICKBAITED HEADLINES! + **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 💎🤲 +In another thread I noticed people discussing about an OP who was living in an area that is over 30 minutes away from the CBD and saying that its too far of a commute for them (more to do with locational distance etc rather than time I would think). +It got me wondering, what are Ausfinance's typical commute times for most people? + +I'll put mine out there, I live in an inner city suburb, but commute 40 mins door to door to get to work and have always been pretty happy with that. + +Whats your usual commute? +# Rocket Surgery + +It does not demand the expertise of a proven 'rocket surgeon' to explain what is happening here, but I am here. Let me save you from this macro market confusion. Some of this may seem tin-foily at first, but that is understandable. The contribution is nevertheless provided on the merits. + +&#x200B; + +[Every $GME investor who holds Directly Registered \(DRS\) shares with ComputerShare.com already plays an important part in this historic saga. For everyone else who wants more evidence on why to take ownership of your shares by DRS'ing them, let's dive in:](https://i.redd.it/wb6e7yhoc0z91.gif) + +&#x200B; + +# Bitcoin is quickly now down to $15,682, from $21,500, on U.S. election day. Ask yourself why. + +&#x200B; + +[Why does this date matter? A crash just after voting ended is not by mistake: it happened by contrived design. Markets had been falsely propped up for weeks prior to this point \(the working group \/ plunge protection team, but that is a separate dynamic from what we will discuss herein\). Performing such an attack comes with risks of a financial shock across global markets, and since SHF are also political donors, they did not want to do this major attack prior to it mattering towards the outcome of the election. What attack am I talking about?](https://preview.redd.it/ckdu0ch5vzy91.png?width=847&format=png&auto=webp&s=acb36293ef9652269d14ffef567e0e4cc20177e4) + +&#x200B; + +[Bitcoin, today, is evaporating. Yet, this is only a symptom of a financial shock \(liquidity retraction\) caused by an attack today that occurred when FTT tokens were strategically sold \(and almost all of them\) in a major short-and-distort campaign against FTX. Ask yourself why FTX was targeted, and by whom. Then ask yourself why it was actually attacked today, why FTX is in duress, why Sam Bankman-Fried is being instantly slandered by the connected mass-media distortion, why bitcoin is then plummeting, and why GameStop is connected.](https://i.redd.it/o5u5tkp7c0z91.gif) + +&#x200B; + +Although [this article](https://finance.yahoo.com/news/hell-just-happened-crypto-q-005458676.html) (albeit somewhat of a smokescreen with lies, since it is coming from Yahoo Finance) will give you some insight as to what is happening from the propaganda end, we have to dig deeper to know the truth. + +&#x200B; + +# Insert Sequoia Capital and Binance (and Citadel) + +&#x200B; + +Everyone knows that Binance is backed by [Sequoia Capital who bailed out Citadel Capital](https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/). Recently Sequoia, who funds Binance, were [both part of the twitter deal two weeks ago](https://www.theinformation.com/articles/sequoia-capital-binance-stand-by-equity-funding-for-musks-twitter-takeover), so their collaboration is very fresh and very active. Investors should know that [Citadel joined in with Sequoia and Binance in this deal](https://observer.com/2022/10/ken-griffin-citadel-join-elon-musk-twitter-acquisition/). + +In the past, [Binance and Sequoia](https://bitcoinist.com/binances-founder-squares-off-sequoia-capital-legal-dispute/) has had their own disputes about their internal funding when the crypto pump did occur. They were working together since 2017-2018, which is the same timeframe that short-interest in GameStop became a thing. + +Binance's founder is Chinese and has [a reputation with Business in China](https://www.protocol.com/fintech/binance-ceo-cz-interview). Binance has tried to play defense regarding their [history with China](https://www.binance.com/en/blog/from-cz/who-is-guangying-chen-and-is-binance-a-chinese-company-2386330931319516973). + +&#x200B; + +https://i.redd.it/8er5slq0e0z91.gif + +&#x200B; + +# 1. Crypto was an easy choice for an illicit pump for short-sellers to obtain more collateral for their GME liabilities (margin requirements) + +&#x200B; + +[This chart shows a direct collateral hedge, by correlation and timing, from Bitcoin's rise and meme stock's 2021 summer squeeze](https://preview.redd.it/crmbvby3wzy91.png?width=502&format=png&auto=webp&s=9bd93de25909f5de14627fda3d24ccd636ac6e37) + +This chart suggests that bitcoin was not pumped until u/DeepFuckingValue's GameStop play was already 5 months in. The combination of crypto at the peak was above $2 T, Fed Overnight RRP also above $2 T. This would be in line with the 10x outstanding shares borrowed and naked sold in GameStop, et al. + +And, ask yourself why Bitcoin arbitrarily went from 10k to 60k, only during GameStop's rising Fails-to-Deliver from Oct-2020 to Feb-2021? + +GameStop and popcorn stock's price began rising in August 2020. That began to apply uncomforting pressure on short-sellers, who did go all-in on shorting these companies. Then, in September 2020, Bitcoin arbitrarily began a meteoric rise, while then you see GameStop and popcorn then faced considerable and increased short-selling price pressure, as short-sellers recommitted to their move. Yet, in January 2021, as Fails-to-Deliver (FTDs) snowballed, GameStop and popcorn skyrocketed. This then caused a major dent in the crypto market cap - immediately. This inverse correlation remained, and was visible yet again throughout 2021... + +&#x200B; + +# 2. GME Short sellers turned to scam Chinese IPO tickers [pump and dumps] when Towel Stock became yet another thorn to the side of short-seller margins + +In a similar 'pump for collateral' fashion \[and when the crypto pump began to fall apart\] when GameStop and popcorn were undergoing their dividend processes, and further when Ryan Cohen's towel stock began to face increased investor demand, chinese scam tickers (hkd, amtd, megl, atxg, stbx) were then arbitrarily flash-IPO'd and pumped to half-a-trillion in market cap (quite literally overnight) to serve as continued collateral. + +&#x200B; + +&#x200B; + +[When the crypto collateral measure fizzled, Chinese scam tickers \(as underwritten by GME short seller's such as Loop Capital\) were then used for emergency collateral](https://preview.redd.it/8hiizwocp0z91.png?width=924&format=png&auto=webp&s=3fc32d3b560729d09ed32c82a1f80df87d75db9e) + +&#x200B; + +&#x200B; + +1. Loop Capital has broken the law repeatedly: [Loop Capital is fined for deleting records](https://financefeeds.com/sec-imposes-monetary-penalty-loop-capital-markets-failure-preserve-emails/) +2. Loop Capital (a stone's throw away from Citadel in Chicago): [Shorts $GME](https://www.cnbc.com/2021/09/09/sell-the-stock-first-ask-questions-later-loop-capitals-chukumba-on-gamestop.html). [Shorts Towel Stock](https://markets.businessinsider.com/news/stocks/it-s-game-over-loop-capital-analyst-warns-that-bed-bath-beyond-s-days-are-limited-1031558871). +3. Within days of GameStop's dividend/split: [$GME Short Seller Loop Capital Underwrites Chinese IPO Scam: HKD](https://clickipo.com/offerings/ipo/amtd-digital-inc/). Even though Loop Capital has a history of fraudulent business practices, [The SEC quickly signs and approves it](https://www.sec.gov/Archives/edgar/data/1809691/000119312521167630/d943653df1.htm). The SEC then rapidly approves more of the scam tickers that end up decimating retail investors: [AMTD](https://www.sec.gov/Archives/edgar/data/1769731/000104746919004384/a2239109zf-1a.htm), [MEGL](https://www.sec.gov/Archives/edgar/data/1881472/000121390022045048/f424b40822_magic.htm), etc +4. [$GME Short Seller Loop Capital Grabs $6B from 'Green Shoe' Share Dump](https://markets.businessinsider.com/news/stocks/amtd-digital-hkd-stock-price-ipo-chinese-tech-retail-traders-2022-8?amp&utm_source=reddit.com). +5. [HKD, and Chinese Ticker Scams, becomes highest dollar amount on-paper stock market crime in human history](https://www.reddit.com/r/Superstonk/comments/wkecks/chinese_tickers_scam_for_collateral_already_down/). +6. [Hong Kong regulators decide to probe the fraud](https://www.bloomberg.com/news/articles/2022-08-18/investment-bank-behind-32-000-ipo-probed-by-hong-kong-regulator#xj4y7vzkg), but the SEC chooses not to. +7. A month later, and for unrelated "registration violations", the SEC ["fines" Loop Capital](https://www.complianceweek.com/regulatory-enforcement/loop-capital-fined-100k-over-municipal-adviser-registration-violations/32104.article) again, taking in a small fraction of the gains: $105,500. +8. [NASDAQ suspends further such scam tickers](https://www.reuters.com/article/nasdaq-listings-china-idTRNIKBN2RH0BU) until more informationis obtained. + +The SEC signed off on these Chinese ticker scams and specifically chose to allow them even though they had knowledge of fraudulent activity. Also, as verified by the NASDAQ probe, the SEC did not comment regarding why they approved and sanctioned the pump and dumps, did not halt the pump and dumps, and why they chose not to investigate the matter. + +&#x200B; + +&#x200B; + +[RC knew that SHF was using Sequoia, Binance and crypto, and Scam IPO tickers to generate fraudulent collateral pumps to maintain margins on GME short liabilities](https://preview.redd.it/l0np9v1zvzy91.png?width=646&format=png&auto=webp&s=5a5e81e5ca3866f1558cdddc937f8cdbad387d6d) + +&#x200B; + +&#x200B; + +&#x200B; + +[All of this is happening exactly as it was supposed to, but we are clearly in the endgame now.](https://i.redd.it/uhdu9q2me0z91.gif) + +&#x200B; + +# 3. After Sam Bankman-Fried partnered with GameStop, FTX became the immediate target of a "zeroth-order red flag" takedown attempt (by Sequoia and Binance) and as possibly recommended by Citadel who began the processes to make their own exchange + +&#x200B; + +Kudos to [this dd](https://www.reddit.com/r/Superstonk/comments/yqsrbs/crypto_consolidation_is_a_power_move_and/?utm_medium=android_app&utm_source=share) from user edwinbarnesc, the crypto space has been a target. But the [recent FTX partnership with GameStop](https://www.prnewswire.com/news-releases/ftx-us-highlights-strategic-partnership-with-gamestop-301629634.html) became an emergency for SHF. They needed to make a last-ditch effort - a nuclear bomb -, and today and yesterday, they are clearly trying everything. + +Even the Russian citizen known as Edward Snowden [is chiming in](https://twitter.com/Snowden/status/1590319361863995394?s=20&t=QcfSZQyNi5o1z_H7ZQ2fpg). Ask yourself why. + +&#x200B; + +[Why would the Russian citizen known as Edward Snowden, of all people, care about the FTX\/GameStop saga? Ask yourself why. What other kinds of foreign capital for illicit collateral generation could be involved?](https://preview.redd.it/1gz33sy930z91.png?width=580&format=png&auto=webp&s=12042d8d1c571752ef9d599823b34b35f4f38073) + +&#x200B; + +[Binance strategically sold most of its FTT holdings at once, specifically to harm FTX](https://preview.redd.it/44r39ieq30z91.png?width=547&format=png&auto=webp&s=86cf06be82dd57f77092c9d6285f9b2baaeeffa1) + +Binance (Sequoia) then tried to make [ftx.us part of the package](https://blockworks.co/1-binance-ftx-deal-is-off-unless-ftx-us-is-part-of-the-package-source/), which reveals their real intent. + +Binance then [walked away from the deal](https://finance.yahoo.com/video/binance-walks-away-acquisition-deal-211011458.html) when [U.S. regulators](https://www.reuters.com/technology/us-probes-ftx-over-handling-client-funds-bloomberg-news-2022-11-09/) showed that they were getting involved. This, to me, shows me that Binance was in the wrong, and did not want to get caught with their illicit motive. + +# Now the secret Tin Foil Section + +This is not a political post, in any capacity. Independently, the GameStop matter does involve the U.S. Government at the highest levels. + +On the government side (it's crazy that this is even true) as soon as 5:00pm EST, (the timezones of the pivotal east-coast Senate elections yesterday), there was no further use to prop up U.S. markets. The plunge protection team (The Working Group has both Fed and Treasury trading desks) now lacks incentive to jawbone markets to stabilize the market for garnering votes. On the SHF side, as soon as 5:00pm on election day, Sequoia/Citadel/Binance made their move. + +Unfortunately on the government side (again, it's crazy that this is even true) and the SHF side are connected by: the Federal Reserve (Citadel is a customer through ONRRP), the SEC (Gensler worked at Goldman and was born from the hedge fund crowd), the CFTC (who blocked swaps), the Treasury (treasurer received tens of millions from Citadel), Citadel Market Maker (manipulating $GME order flow), and Citadel-connected Hedge Funds (shorting $GME). And absolutely the U.S. President as well, since Citadel has made very clear that he wants the Florida governor to be president, rather than the previous president #45. That makes the Plunge Protection Team (The Working Group, which has unlimited macro market powers) *directly aligned in motive to Ken Griffin*. And further, it's important to note the timing: Delaware U.S. Attorney David Weiss, has reached a "critical stage," and that federal investigators are weighing charges against the current U.S. president's son for his dealings with similar foreign capital that we are talking about herein. According to the DOJ, the current U.S. president's son is being investigated for foreign transactions due to suspicious activity reports (SARs) regarding funds from "China and other foreign nations." **This reveals that the Department of Justice is going to act under the law, independently from politics -because the DOJ will not discriminate on who it is investigating - it will simply follow the law. This is all very bullish for GameStop.** + +If Ken Griffin succeeds in his attempt to align his Bernie-Madoff-self with the U.S. Government, then it will be the U.S. Government against GameStop. *This is why we will be seeing the Department of Justice prosecute the bad actors aligned with Ken Griffin, and hopefully prosecute Ken Griffin himself \[who lied to Congress\], under RICO (and Sequoia and Binance) sooner rather than later, because the government does not want this type of problem on the inside, especially because the "problem" is not going away: global retail shareholders and American shareholders alike are DRS'ing their GameStop shares - and they will never sell.* + +Macro markets will now continue to feel the continued bear pressure that should have been there prior to this jawboning. Yet, as the GameStop shares get fully DRS'd, the locked float will cause the naked short-sellers to scramble for real shares (this also explains their desperate need of a low-volume-short-ladder-attack today on GME: they are running out of time. Why do I say this? Because they literally attacked FTX on the first available opportunity - the absolute minute after voting came to a close on the east coast - and then induced a massive short-ladder-attack on $GME the following day). + +&#x200B; + +# Conclusively + +By SHF's own mistakes, the chinese-scam-tickers collateral balloon, and now the crypto balloon, have both deflated. FTX became a target because of their GameStop partnership. So, by Citadel/Sequoia's/Binance's own attack on FTX - by selling FTT but then failing to take control of FTX.us today - they inadvertently caused a crypto liquidity crisis that they will also feel. They basically dropped a bomb on FTX, trying to hurt GameStop, but in doing that, dropped on a bomb on their own forces as well. + +**Just look around: A Quarter of a Trillion Dollars was just wiped from the global crypto market IN ONE DAY because of** **Citadel/Sequoia/Binance's collaborative effort to attack FTX.** + +Crypto was something that was used to prop up not just Alameda's balance sheet, but also *their* collateral balance sheets: of firms who short-sold GameStop and needed a collateral pump for margin, precisely beginning in September 2020, while u/DeepFuckingValue's reddit/youtube investment into GameStop started wreaking havoc on short-seller margins. + +**This also implies that short-sellers are now close to running out of this remaining substantially-leveraged collateral for short-sale liability margins: all fascinatingly-just-prior to the prosecution phase of the Department of Justice's investigation into short-sellers under the Racketeer Influenced and Corrupt Organizations Act Statute.** + +&#x200B; + +[There are now less than 8&#37; of $GME shares \(among total free float or lent out\) that are unaccounted for by ownership. Out of 14,000,605 simulations, we only win 1, and we only win by DRS.](https://i.redd.it/stvu1lkdc0z91.gif) + +&#x200B; + +# TLDR + +Bitcoin has fallen into the 15,000 range. Grin to yourself, and ask yourself why. Why did it begin just after voting on election day? **Why the Citadel/Sequoia/Binance short-and-distort attack on GameStop's friend in FTX**? Why did the macro market feel pressure today, dropping over 2%, when markets would normally respond favorably to gridlock in government? Why did GameStop get short-ladder-attacked further today? Why the 'endgame conditions' right now? And why so close to the criminal prosecution phase of the Department of Justice's racketeering investigation into short-selling firms? + +Well, it is because *we are in the endgame now:* GameStop's float is getting closer and closer to being locked. Elections are done. So, it has clearly, *overnight*, become the time for the final rounds of the 'infinity price war' between legal-GameStop-investors and illegal-naked-short-sellers to play out. **Please read the content above to learn the answers to some of these fundamental questions.** + +*Do you enjoy investing in a free and fair market? Then invest into $GME stock by buying shares through ComputerShare.com. If you already own $GME through a broker, but don't want your broker to fraudulently 'delete' or 'lose' your $GME shares, then tell your broker to Directly Register (DRS) your shares*. Then hold your smart investment confidently: for the long term. +I live with my mum and about an hour ago she came through the door and told me she'd just been fired. + +That job was our sole source of income it paid the mortgage and the bills. + +She's unskilled and she was delivering post. Now she's talking getting a job delivering pizzas. + +I've been looking for a job for a while but it's hard because I'm an autistic uni dropout who can't drive. + +Combined we have 5k in savings. + +What the hell do we do now. Whats the next step? + +*edit*Well i live in the UK. +Sorry for not saying so earlier I was freaking out a bit. lots of people have given me very specific advice which im sure would be great if i lived in the US. +So I was pulled into the office yesterday and informed that on my last paycheck someone entered the wrong code into payroll and I accidentally got overpaid $400.00+. They stated that they needed to get the money back (I wasnt aware that I was overpaid. I assumed it was due to all the OT that I had that month) and that I could write them a check or they could take it out of my next paycheck. + +A couple things, + +1. Ive already spent my paycheck from last month. I told them to take it out of my next paycheck. + +2. Our timecards work as follows. I approve it, my supervisor approves it, his supervisor approves it, then payroll approves it. + +Everyone of these people approved my timecard and then I was paid. Now they suddenly found the mistake and want the money back. + +Do I have any other options here? Or will I just have to suck it up and have a smaller paycheck next month. + +If it helps I work in Wyoming. Thanks. + +Edit. Thanks for all the help guys. Appreciate it! + +Edit 2. I wasnt aware I was overpaid. I get paid monthly over a 28 day period. Schedule is different every month and with how the month works out and/or with OT $400.00 difference in paychecks is very normal. + +Edit #3. I made the first edit when this had 15 upvotes. Thanks I guess? +To answer a lot of the questions. Yes I live paycheck to paycheck. Yes it sucks. Yes we are working on it and trying to save up. We also decided to take it out of the next paycheck. No big deal we will figure it out like we always do. I should have plenty of OT to make up for it anyway. +How's Daytrading going? For those of you that are consistently profitable... I assume it took at least a year or two of hard work losses and frustration to get there.. during that time how did you respond to friends and family asking you how's the trading going? I'm sick of saying.. well... Still not profitable .... yet... In hopes that maybe one day it will click and I can actually make money +Hi everyone, + +I am getting into trading. Read a couple books, studied some charts and watched some YouTube videos. Still in my education process. + +From what I’ve seen, forex traders preach that the fx market is the place to trade. It’s mostly about technical analysis and with leverage you make (or lose) a lot of money. + +My question is: why do people trade on the stock market if the forex “is better”? Or why do they move to futures? Is it just more money? + +I’ve tried googling or YouTubing the answer, couldn’t find anything other than people saying that forex=good. + +15 y/o dude here, been messing around with paper trading for years and made a pretty good example outta myself, at least one good enough to impress my grandma. So she recently put 2k into an account for me. I want to keep my risk as low as possible but also put down on some long term investments, like VOO and let that sit. So my question is how much should I keep aside for long term, because I would also like to do a fair share of day trading and getting more experience with risk management and all that? +HMHC confirmed in FL! https://imgur.com/a/BgZXTTf + +Just got back from meet and greet with my son's new teachers (even though he's doing virtual). This was a great find! +http://wealthgenerators.com/ + +A bunch of guys at work were telling me to sign up for this and pay a one time fee of $300 and after that there are these payments called trade alerts that deal with foreign exchange. So it deals with buying and selling of US dollars to make a profit. I told him that I wasn't interested and was wondering if someone could shine a light on this because my gut says don't do it and it would be nice if I could get a second opinion. + +EDIT: Just got back from work and thank you guys for all the comments and opinions, I really appreciate your time to explain this concept in depth. I will not be joining this company and will continue to stick to my gut. +I know this is something that I must understand if I want to make a lot of money. What’s the best way to truly understand the market and be able to anticipate things ahead of time to make tue best possibly amount of money? Should I watch YT videos? Buy books? Something else? How long should I research until I start? I do already have some money in stocks that I’m gonna hold for a very long time, but not much. +From http://www.rothira.com/roth-ira-withdrawal-rules + +Tax free in /tax free out. An investor can take out the exact amount of his or her Roth IRA contributions at any time, for any reason without having to pay any tax or penalty—with one big caveat. The earnings from your principal cannot normally be withdrawn prior to age 59½ without paying the 10% early withdrawal penalty. Earnings can generally be withdrawn without penalties after age 59½, provided you meet the five-year rule (see below). +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%. +Do you feel your Masters Degree benefitted your career or lifestyle? + +If you did your Masters part time whilst working, how did you find it? + +Has having a Masters Degree ‘unlocked’ any paths you may have otherwise not been able to access? (Pay grades, promotions etc) + +All opinions are welcome, as I am determining whether to enrol myself on an MSC Applied Quantitative Methods course next year. +For reference: + +\- most of my holdings is XGRO + +\- medium amount of cannabis companies + +\- medium amount of BCE + + +\- small amount of tech companies (NVDA, AMD, FB) + +\- small amount of WN/L + +I got a tonne of cash (leftover from downpayment savings), that I am just slowly putting into XGRO weekly. I want to be more exposed to tech and pharma. What ETFs and stocks would you recommend and why? Thank you +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Disclaimer : I already own a good chunk of it, and i'm considering getting more. + +Last quarter they reported sizeable positive EBITDA and **actual profits** of 29 millions, while literally every other aviation company are losing money by the buckets. Somehow this seems like it's not quite common knowledge as all aviation articles mentions that everyone loses money. + +So my thinking is : CHR is a leasing company. Basically third party airlines sign contracts to get the planes, and whether they use it or not they need to pay CHR anyway. It's said that because the planes are grounded, the airlines are losing money. Losing money to who or what? CHR i would say, it's like they are the grim reaper of airlines, because they are collecting money regardless. From what i read a lot of the airlines that are in difficulty had their payment deferred in 3-12 months. (0-9 months now). So even with revenue down, the money will come in later. People were scared that the money would not come in if these airlines in difficulties were to go under, but now if they get gobbled up by the CAN gov, the money will be coming in no matter what? And since CHR itself is not in danger of going under it seems very unlikely to get bought up at a discount by the gov, in my opinion. + +Quarter results are gonna be coming on the 11 November 2020. I would bet all my stuff on the fact that they are still gonna be in the green because of the deferred payment coming in... maybe even more green than last quarter. I'm thinking this will pay out a lot faster than getting AC would. Also it is a PE of 5.10! Which looks pretty good by itself. + +Anybody please convince me that it is a bad idea to go balls deep in CHR before tomorrow market +I have been doing a bit of buying but am all out of liquidity... I was fully invested heading to the 2020. I want to average down on many more positions at these levels in the coming weeks. Is it worth it to take out a loan? I should be able to secure approximately a 4% interest rate. + +Thank you! +Gold is likely to have another good year, I would like to know what is your gold mining stock pick for 2020. I have been following KL for some time and I was thinking about adding some. ++0.25% + +As expected, caution, but rising signs of inflation. Higher employment rates. Signs of economy pick up in USA. + +Continue monitoring. + + +http://www.cbc.ca/news/business/bank-of-canada-rate-decision-1.4490918 +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +My strategy is simple. I sell options approximately every two days on SPY ETF. I am looking for anyone who has tried this. There appears to be significant advantages in selling options that expire one to two days out versus monthly or even weekly options. The significant advantage is the ability to predict, within a higher degree of accuracy, what the price of an ETF like SPY would be within 24 to 48 hours from now. I have already built some good statistical analysis within Microsoft Excel but I am trying to build more. I am looking for anyone else who was familiar with this type of strategy and is willing to share some ideas. +What's up y'all + +I've spent most of my time frequenting r/options and r/wallstreetbets and came across this sub recently. Hoping this sub facilitates good discussion and not just mindless dribble that the other subs have been displaying as of late. (Full disclosure: I do occasionally participate in the banter mostly for a bit of fun but generally I don't trade recklessly like most do there). + +I'm primarily a thetagang type trader with (very) occasional small long option speculative plays. Mostly play spreads, condors and strangles. Looking to start legging back into some long positions in some strong underlying's during the next anticipated drop and eventual capitulation. + +How has everyone found the challenge of balancing getting great premiums in this high IV environment while at the same time having do deal with the crazy swings that mess up your deltas? I've had so many trades that are up 40% one day and then down 40% the next - it's been crazy. + +I've found most success recently when sticking to profit targets which usually has only taken a few days with this vol. For those positions that I place that initially have gone against me, I've let them ride out and they generally give me a opportunity at some point to exit for a profit or exit with minimal capital loss. Over managing trades hasn't worked out that well in this environment due to the choppy nature. + +What's everyone else been doing? What type of trading strategies have you found the greatest success in in this market and how are you positioning yourself right now? +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. +Might be a dumb question, but what happens if you sell a put option and it expires above your breakeven price but below the strike price? Is it exorcised? Should you buy the contract to close before it expires in that case for a profit? + +&#x200B; + +Thanks in advance! + +Edit: + +Bought ~~Sold~~ to close the positions + +My return on my VOO play was 70% and APPL was 30%. Appreciate the advice, words of encouragement, and even the snide comments telling me to do more homework! Thanks! +Probably doesn't strictly belong here, but maybe for a little bit of fun, share what kind of corporate gifts you received for Christmas. + +I'll start off. I got the choice between a barbecue supply kit and a donation to a charity of my choice. - choice was fairly easy. +Hey guys + +I live in Sydney and am looking to buy in the next 12-18 months (when the prices \*hopefully\* drop). I currently got around 150k saved up and will probably have around 20-30k more in a years time. Earning around the 100k/year mark. + +I'm single (27) and I enjoy my privacy. Therefore, I would prefer not to rent a room out and am instead thinking of buying a studio/1 bed instead of 2 bed. However, my family has advised me a 2 bedroom unit is a far superior choice than a 1 bedder/studio if nothing but resale value alone. + +What is everyone's views? I am obviously going to do my own research but would like to hear your thoughts too! +Hello. I see a lot of posts on how to invest but I was wondering if you had any tips on how to organise expenses in your 20’s to have good financial prospects without damaging too much your work/life balance. + +For context, I am 24, entering my 3rd year of working in digital operations for a multinational in Spain. Earning €2k/month with annual raises of 5 to 15% (keeping in mind it’s a country with relatively low prices). I rent a 1bd flat for 850/month and spend around 200 on bills without food. Currently debt-free and a few months shy of not living pay check to pay check. I have around 2k invested in stocks of companies I believe will have long term growth, and 2k in savings. + +Yet I can’t shake the feeling that I’m perhaps settling in a lifestyle with high expenses too early on, and I should be more aggressive in trying to save in my early career days: + +to already start building towards buying a house (what’s the recommendation for property investment if career is likely to make you move internationally a few times?) +or start building an investment portfolio. + +I’ve read some articles about the 50/30/20, is that a good rule to follow? Should I try to push to 40/30/30 if I’m able? Do you have any recommendations in hindsight of something you wish you would have done in those days? + +Thank you! +I did this to take advantage of the low interest rates. I’m looking at getting 2.3ish APR. My question is, should I stay on the 20 year payment schedule, or take the extra money from the lower payments and invest in the market? Thoughts? + +I’m 22 and I just opened a Roth IRA with $100 per paycheck contribution (roughly 200-300 a month). Will this help me with retirement? I just started my job so I didn’t want to make a bigger commitment until I build my savings back up but hopefully by next year I can do $200 a paycheck. Was a Roth IRA the best route to go? + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +Hi all, + +I (29 F) have had a salaried job since 2018 (about $45,000). However, that is when my fiancé (29 M) started trade school. I have spent much of that time being our breadwinner in order to help support him and his education. Well, he‘s just graduated and got a job offer!! Yayyy!! + + +Our combined income will be more than double what we have now. I don’t know how to prepare for this influx of cash. I grew up poor and lower middle class, and I don’t want to get “excited” about finally having money to not just get by, but really be able to grow and have fun with. We are already paying down debt, have retirement accounts open, and have an emergency fund. I just don’t know where to go from here. +my boyfriend and i are about to move out of my parents house with short notice and i am trying to figure out what kind of bills i will have, and i’m nervous i’m missing some. my mom pays for everything besides my car, student loans, gas, some groceries, and the very tiny rent we pay her. + +i’m good with numbers and i’m very good at saving (like no impulse spending) but my ‘budget’ rn is basically save minimum of 80% and the rest is for gas, fun/spending, loans, etc. and this obviously won’t be an option when we’re responsible for our own bills. + +so far for necessities, i have come up with: + +-groceries +-dog food +-wifi +-phone plan/data +-car insurance +-rent +-utilities (if not included in rent) +-health insurance +-renter’s insurance +-car loan +-student loan +-gas + +my boyfriend is military so his health insurance is taken care of. he owns his cars outright and has paid for his insurance for the next 6 months already. i would love to cut out the wifi as a ‘necessity’ but i’m a student so it’s not really an option. my car loan and student loan i could easily pay off right now but i’ve been keeping the monthly payments ($85 and $30 respectively) just to build credit because i’m still young so it’s not great even though i make all payments extra and early. our phones (the devices themselves) are owned outright/paid off so it’s just the data. + +my health insurance does not cover either of my medications and i’m generally healthy so could i get away with no health insurance? + + + +we were living with my mom to save up to buy a house because that is our big goal, so while we *can* afford a lot of these things and more, i would really like to still save as much as possible so we don’t get stuck in the endless cycle of renting and never achieve our goals. + + + +so my big questions: am i missing anything on that list for necessities? is it a bad idea to go without health insurance? +The New York Stock Exchange on Tuesday set a reference price of $45 for shares of U.S. gaming platform Roblox Corp on the eve of its public market debut, implying a market value for the company of around $30 billion. San Mateo, California-based Roblox is among the world's most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles. The reference price is not an offering price to purchase shares but rather will be a performance benchmark for when Roblox's stock starts trading on the stock exchange on Wednesday. The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers. Roblox has opted to go public through a direct listing rather than a traditional initial public offering (IPO). This means the company is not selling any shares in advance of its market debut, as is the case with IPOs. Direct listings are still relatively rare, though they are becoming increasingly popular way to go public amid criticism that investment banks underwriting IPOs underprice shares being sold to help create a first-day trading "pop" for the benefit of their big trading clients. Reuters reported last week that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through an IPO. Roblox said in January it had raised around $520 million in a new Series H private fundraising round in a deal which valued it at $29.5 billion, more than seven times the $4 billion the company was valued at in its Series G round 11 months earlier. U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of COVID-19. - Reuters + +**No link to post in this subreddit for some reason so I copied and pasted the article for anyone interested in $RBLX. + +***Update: Roblox Shares Indicated Between $67-$72 +- Reuters 3/10/2021, 11:04:16 AM + +***Update 2: Roblox Shares Indicated $64-$66 +- CNBC 3/10/2021, 12:38:17 PM + +Edit: deleted news article link. + +***Update 3: BRIEF - Roblox Class A Shares Open 43.3% Above Reference Price in NYSE Debut. OPEN AT $64.5 IN NYSE DEBUT - Reuters 3/10/2021, 1:35:54 PM $RBLX is now live and trading! + +Thank you to everyone that commented on this post today and for the awards. Congratulations to everyone that got in this rare DPO. God bless and keep you and yours! +We have 2 kids (under 3) in nursery for 3 days a week and an average month costs us ~£1100 (including the 20% gov tax saving)! + +£1100… 2 kids. 3 days a week!! + +If we didn’t have support from family the other 2 days this would be ~£1660 (again including 20% saving) for 2 kids 5 days a week for a month like November - 22 days. + +And we just got an email saying it’s going up £3, from £47 to £50 a day. So for a month like November that’s an extra £84. + +We don’t live on credit nor have any substantial loans but if we suddenly needed extra credit we’d be really tight. + +If we needed to go full time childcare it wouldn’t be worth one of us working! + +How are other people finding this cost? +14 days ago I posted on this sub-reddit that I was £685 in credit card debt ( I know it's not a lot in the grand scheme of things.) however a current update, I am now down to £599! + +It's going to be slow and steady but I have promised myself to no longer use my credit cards until it's all paid off and then use them properly and only to a certain amount. + +I cannot wait to have my disposable income back to where it should be (full!), if anybody has any tips to help make extra money, bear in mind i work 8:30am - 5pm, 4pm on Fridays, please do comment below. :) + +Here's last night action of charts when they announced the partnership. + +[https://coinmarketcap.com/currencies/kava/](https://coinmarketcap.com/currencies/kava/) + + +**People who don't know what KAVA is:** + +Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. + +Here's screenshot of their deleted tweets + + +&#x200B; + +[Deleted Tweets](https://preview.redd.it/9lpfij6ff5r81.jpg?width=480&format=pjpg&auto=webp&s=4097c52fdbe656299f560d85bac90bf8464ce6a3) + +Here's one of the people who fell for this prank. + + +[RIP](https://preview.redd.it/8apmu79qf5r81.png?width=687&format=png&auto=webp&s=6c245bc5c89370d8752df8099592afd839b78e67) +I've got some creamy Jan 2023 calls I'd like to make and watermelon season is still thriving. Face and hot steamy crotch area will be censored Japanese style. +I've got some creamy Jan 2023 calls I'd like to make and watermelon season is still thriving. Face and hot steamy crotch area will be censored Japanese style. +Was up 400k on the year now only up 280k and finding my strategy around trading tsla and other names not working many days now as the volatility seems to have dried up and many of the moves are slower and choppier. Taken this frustration out by trading my normal large size and revenge trading. Sucks. Debating just giving up day trading all together before I piss away all the gains I had from January. I like to short stuff too and lately that's not even working. Long or short it's just tough to find much smooth trends in tsla or many names. What are you guys doing? +As we've seen, there's been a lot of fuckery going on with short selling on GME. See these posts + +[https://www.reddit.com/r/wallstreetbets/comments/kqf2g8/gme\_gang\_failures\_to\_deliver\_prepost\_wsb\_wsb/](https://www.reddit.com/r/wallstreetbets/comments/kqf2g8/gme_gang_failures_to_deliver_prepost_wsb_wsb/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/wallstreetbets/comments/kr02y8/gme\_gang\_18\_consecutive\_days\_on\_nyse\_threshold/](https://www.reddit.com/r/wallstreetbets/comments/kr02y8/gme_gang_18_consecutive_days_on_nyse_threshold/) + +Basically, it seems like there is a ton of naked short selling going on and no one is doing anything about it. Thus, I propose a complaint campaign to get someone (cough, perhaps a government body who was designed to look into shit just like this, cough) to do something. + +We can submit complaints here: + +[https://www.sec.gov/tcr](https://www.sec.gov/tcr) + +There is literally an exact category for this ("Manipulation of a Security" and then select "Abusive Naked Short Selling"). + +I'm a simpleton autist, I don't get fancy with my words but I've drafted a basic letter here that you can use: + +*To whom it may concern,* + +*This letter serves to bring the SEC’s attention to suspected illegal activity in GameStop Corporation’s (ticker GME) trading. As a shareholder in GME, I have concerns about illegal naked short selling and increasing failure-to-deliver rates in the month of December 2020 through present day. GME has consistently appeared on the NYSE Threshold Security list for the last 18 trading days. In order to appear on the threshold list, a stock has to have 0.05% of outstanding shares fail-to-deliver, for GameStop this amounts to roughly 350,000 shares.* ***GME’s failure to-delivery rates have exceed this amount on most trading days in December 2020***\*.\* ***Furthermore, on at least three trading days in December,*** ***the total number of shares failed-to-deliver exceeded 1 million***\*. Below is a summary of trading days in December which had exceptionally high failures-to-deliver:\* + +*12/1: 91,971 @ $16.56* + +*12/2: 1,061,397 @ $15.80* + +*12/3: 1,787,191 @ $16.58* + +*12/4: 999,475 @ $16.12* + +*12/7: 1,002,379 @ $16.90* + +*12/8: 872,292 @ $16.35* + +*12/9: 721,361 @ $16.94* + +*12/10: 605,975 @ $13.66* + +*12/11: 880,063 @ $14.12* + +*12/14: 284,296 @ $13.31* + +*Given the data presented above, I request the SEC to further investigate suspected illegal naked short-selling in GME, particularly as it concerns Melvin Capital, who holds a substantial short position in the Company.* + +Now as an autist, I don't even know if I've fully got the concept down but I think I'm close enough. Would love feedback if anyone with a big brain has any. + +TLDR: Big money is playing illegal games on GME. We need to bring that shit to light + +&#x200B; + +Edit: because there are some people doubting the legitimacy of the actual complaint here, I am posting some actual sources. See this [https://www.govinfo.gov/content/pkg/CFR-2011-title17-vol3/pdf/CFR-2011-title17-vol3-sec242-203.pdf](https://www.govinfo.gov/content/pkg/CFR-2011-title17-vol3/pdf/CFR-2011-title17-vol3-sec242-203.pdf) + +specifically CFR § 242.203(b)(3) says: + +"If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for **thirteen consecutive settlement days,** the participant shall immediately thereafter close out the fail to deliver position **by purchasing securities of like kind and quantity**" This means the shorts should have been **forced to close their positions by now.** +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've made a post about it before but I have to keep making posts until this is put in to the public. There needs to be an audit of tether. They claim to back up each USDT with USD. Who here actually thinks tether has 1.6 billion of USD lying around backing their claims on the exchanges? There is nothing at all backing their claims. People are playing a game of hot potato and just hoping that when Tether crashes that it's not them that's caught holding it last. Tether needs to release a public audit. +Today I sold most of my alt coins even at a 50% loss. I know some of you will say kucoins coin prices will eventually all go up but nobody knows. + +Unless I sell them. +Usually when I sell a coin, it skyrockets the next 24hrs. I took one for the team today. I lost some profits but it’s ok. + +And to make things better, I bought NEO at it’s all time high. Usually when I buy a coin, it sinks. So you guys can buy NEO at a cheaper rate. + +I love crypto and I love you guys. + +Ps. I will sell NEO once it dipped hard ok. And you know what happens when I sell. + +Edit: Let’s see what happens in the next 24hours. Hopefully the market improves. Thank me later. + +Edit: Some if you guys need to take a chill pill, the market is dipping, it’s not even crashing like what the news say. Chill and have fun + +Edit: Some of you are so serious. What you are doing is only gonna affect your decisions. Don’t emotional trade yo. DYOR and see the gains. Money isn’t everything. + +EDIT: I’M SO SORRY GUYS, I COULDNT HELP MUCH BECAUSE THE WHALES ARE BACK MANIPULATING FOR THEIR FUTURES BET. :( +I've never owned a car before. My gf and I are planning to buy a car mainly so she can drive to work (she works shifts not in a convenient location for public transport). But we are both out of the loop when it comes to the best way to buy one. + +We want something that is small but not tiny, easy for her to commute in, cheap to run, maintain, insure. + +At the moment we are considering a new Toyota Yaris Hybrid. Logic being its relatively affordable monthly - £280 (and we have enough for the deposit). It also seems to be a good rate of interest 1.9% APR on PCP. + +My question is not really whether to buy a car but how best to go about it so I don't get ripped off or can get the best deal possible? My understanding is that it's a really bad time (historically) to be buying a car. Dealers aren't flexible with prices etc? TV shows I used to watch as a kid had people going in and demanding free mud flaps and tanks of fuel! + +Our current thinking is: +Get a new one because second hand prices are not that much cheaper (if at all!) and it's less likely to need maintenance in the near term. 2nd hand PCP deals seem to have APR ~9%. + +Are there any red flags I should look for if going direct to the Toyota dealership? What questions should I ask? Should I pretend we are just thinking about it rather than set on one of their cars specifically? Are some days of the week/month better than others for catching a salesperson? + +Also; are there any costs to car ownership I'm forgetting?! +- Car repayments +- Insurance +- Road tax +- Fuel + +Many thanks! + +Edit: Overwhelmed by the response, thank you so much - I've got a weekend's reading ahead of me! + +In terms of our financial position, we probably could buy a car we want (second hand or new) outright for ~20k. My logic for considering a <5% PCP was the opportunity cost (we'd be more stretched financially and I could instead put the lump sum in my Stocks and Shares ISA for the 4 years and (hopefully!) at least make 5% a year on it). Also the idea of spending £20k at once just makes my queezy, but I know full well getting a car isn't exactly a good investment... +Hi Everyone, + +As the title suggests, how do you create your own ETF fund and sell the ETF? + +edit: Can the underlying asset diverge from the fund itself? I dont know why but the liquidity in ETFs scares me and I think that somehow the underlying could diverge from the fund any thoughts? + +Thank you in advance. +I romanticize the idea of going back to school to finish my PHD once I have more stability and am leanfire, but the idea of being among a ton of mid twenty year olds while Im in my 30s admittedly worries me. Does anyone have experience with this? +Get fucking fucked. + +We tried to warn you, everyone with a shred of common sense pleaded with you that China was a communist wasteland, that they will in fact choose petty land disputes over their people's economic well being and their country's prosperity. That investing in a Chinese company was not like lighting your money on fire, but like lighting your money on fire with one hand while also jerking President Xi off with the other and begging him not to he spread your cheeks prison style after. + +&#x200B; + +&#x200B; + +&#x200B; + +[A live view of Chinese investors ](https://preview.redd.it/prs9mfbyugn81.png?width=600&format=png&auto=webp&s=afc5b4996f29cc9f256e6bec7d11f18f3cf05c70) + +And by the way, this is only the beginning. Because China is actually getting closer to Russia during this Ukraine conflict, not distancing themselves, like you would expect. + +That's right, China actually saw Russia turn into a Haiti tier economy overnight and thought "Wow, that was retarded what they just did, let's become their friend so they can help us do the same retarded thing to Taiwan some day." Like imagine siding with a Russian Midget with a Napolean complex that can't even win a war over the entire earth. + +So yea, enjoy those bags, you communist dickwads, maybe daddy Xi can give you a few thousand Rubles to use as tissues to wipe your tears if he asks his best friend Putin for some. + +**TL:DR Literally all you "China will replace the USA" people are retarded.** +Hello Reddit, + + +I've just recently gotten into investing for the first time into the stock market, I plan on being a dividend investor for the rest of my life (I'm 19) and I've so far made over 4% return, all my stocks are growing and I'm excited to receive my eventual first dividend payment. However, my question to the Reddit world is: + + +Is it better for me to invest my next paycheck into a set pie-chart/s of 50-100 stocks I've made on Trading 212, which are full of hand-picked, hand-researched BDC's REITs and dividend stocks, with a mixture of risk, dividend yield, 2021 predictions and growth potential, across all sectors.. + +or + +Should I take one of those pie-charts, split it down into sectors, and invest in way less than 50 stocks? + + +I understand Warren Buffet and others say more than 20 stocks is pointless - but I've got my entire life ahead of me, so surely if I start a pure dividend portfolio, with some ETFs and growth stocks thrown in, I will do okay? I'm not looking to day-trade, I am joining the military as we speak, and would very much like to invest my wage every month and forget about it and let it grow. I have to serve 4 years - and the salary is 20k per year, of which most will be dumped into said pie-charts and ETFs. + +So, baring in mind I'm 19 with decades ahead to invest, what do you guys think is best? +I’m new into dividends and stocks and have a plan to setup a pie in M1 Finance with only dividend stocks and some growth stocks with small dividends like Apple and MSFT. + +I currently have 34 stocks in it all evenly distributed. Was wondering what everyone does in this case and if people usually have that many stocks and if people put more into one and if so, why. + +My main goal is to grow it until I have a nice passive income using manual drip. + +Thanks in advance. +I've taken a fair amount of time to focus on understanding which companies I'd like to invest in for dividend investing, but I'm not sure I fully understand DCA (my overall experience with stocks is only in my 401k). I learn from "doing", so to start this plan, I opened a brokerage account and bought a single share of the dividend stocks I'm interested in (~$300 overall). Here's the example I have: + +Based on my budget/income/retirement/cash savings etc, I've determined that I'd like to use $300 to DCA specifially for dividend stocks. This month, the combined price of the same stocks (some increasing and some decreasing in value) overall increased to $319. So my $300 is no good because I can't buy fractions of stocks, so I'm not really DCA'ing, since I'd need $319 to buy the same stocks, and same quantity, of stocks. + +Tl;dr: the same quantity of the same stocks are higher this month than last, so my $300 won't cover the $319 to buy them. Duh. So I can't actually DCA the same dollar amount, right? Can someone pinpoint the flaw in this example? Am I being naive to how to actually DCA? + +Hopefully I do not have to re-evaluate my whole strategy since I didn't think the DCA through well enough from the get go. Any advice is appreciated. + +Edit 1: minor typos + +Edit 2: answer: to truly DCA $300 per month, I need fractional shares by using a brokerage which offers that, to buy the same dollar amount each month. But, a lot of alternatives provided in the thread below would work pretty similarly by taking advantage of buying the same amount of shares regardless of the price, because this month's high could be next month low. +My dumbass roommate has been hoarding all his money as cash the last year. I keep pushing him to invest, but he's very lazy, doesn't want to lose anything, and doesn't want to think about the portfolio too much. I finally got him to agree to put 60% of his money into some preferred stocks/mutual funds, if I put together a list for him. I figured you guys might also have some reasonable suggestions. + +Parameters: + +* $100k in capital +* Maximum loss of 20%. Capital gains don't matter, only capital preservation with reasonable yield. (he wants to buy a house in a year or two) +* Monthly maintenance at most. So no weekly options that make him log in to check his account constantly. I'm aiming for 6 months. +* Margin is allowed, but he's going to very annoyed if he gets charged 8% interest or gets margin-called. +* Liquidity within 6 months: No selling 2 year LEAPs @ 30% premium, because you have to pay huge slippage fees to exit those early. Or long-term bonds with interest-rate risk that make you hold them or pay a fee to exit early. + +Here's some strategies I'm considering: + +* Bond mutual funds: PIMIX +* Preferred stocks: [NLY.PF](https://NLY.PF) has 0 default risk on its mortgages, pays 7% yield, the chart is very stable. Utility companies, banks, grocery stores(they have high revenue to cover). Downside is these don't support options to limit risk. +* SPY collars, buying the index but using options to limit gains/losses to +/-20%. Similarly considering XYLD since it's less maintenance, but it has that 30% drop in March and doesn't allow options to reduce that risk. +* Short-term municipal bonds: They're tax-efficient and low-risk. +* SPY put credit spreads: Can use margin without paying interest, fixed-risk, if he gets assigned on a modest drop he can simply hold SPY or convert to collars. + +Options & bonds limited to 6 months max, with the intent to hold to expiration. So he'll need to log in twice a year to refresh those, but otherwise it runs itself. + +Any suggestions for specific tickers, bonds, strategies, etc.? + + +(EDIT) He decided to get an Interactive Brokers account and put $60k into PGX. Thanks for the suggestions everyone! +Hi everybody! + +I’m relatively new to investing. I am 24 year old university student who has got big dreams lol. But who doesn’t? + +So, firstly, I went for carbon zero stocks as I am support the battle against climate change and therefore I try to put my money where it has the smallest risk and is up to my standards. + +After I threw a couple of hundred on CLNE and PTRA, I realized that these are probably gonna take years before I can sell them off. So the idea came to generate a passive income in the meanwhile. Since I am studying economics, I have already “worked” with the fundamentals of the stock market, dividents, evaluation of companies, returns on investments etc... +Then, I made my first mistake when I looked for divident paying stocks to buy (I know I’m dumb but prices and emotions controlled my first month). I took the yield as a main factor to decide which stock shall I invest in. +Since oil/gas go against my idea of a green planet, I ve decided not to own these kinds. Instead, I turned to REITs. +Although I seen the crash of 2020 march, I quickly realized based on the charts that almost all of the REITs were hit hard but they also started their recovery and divident increase’s. +So here they are, my choices: +NRZ +TWO +CIM +NYMT + +Also I own a couple of CIG (brazilian energy) +I would like to reach a stable income of only 100 dollars a quarter as a first step. I understand that you don’t put all your eggs in the same nest, so I would like to turn away from REIT’s for a while. + +What do you guys think of my choices? +I would like to hear opinions on where can I look next. + +Thanks +What are REITs that will do well in this recessionary environment? Higher than recent historical rates and inflationary environment. Seems like a tough environment for most REITs to navigate given all of their leverage. They probably also need to have inflation baked into their lease contracts. I know SPG and WPC don’t have inflation baked in (mostly fixed raise contracts). + +Curious if y’all have any favorites? + +Thematically I like O and STOR, and healthcare REITs (open to recs). +I’m in my early 20s, and I need help choosing in determining on which to buy. I want to invest in the S&P 500. The two options I’m looking at is VOO or FXAIX. I use fidelity as my primary brokerage. I’m going to put the S&P 500 in my ROTH IRA account. Based on the numbers FXAIX is $146.29 and VOO is 386.06. They have similar dividends. + +My logic is to buy FXAIX, because it’s cheaper and I can buy more shares with the same amount of money. VOO is like three times the money. Since there both S&P 500, it means that they should be the exact same? + +Is my logic correct in that FXAIX is the better choice? My parents don’t believe in investing because it’s “risky”. So any advice would be helpful! +Just wondering how to think about the difference between regular old FIRE and fat fire. Is there some general rule of thumb people here use to determine how much cushion separates the two? + + +>My shy gf u/ChocolateChouxCream made this for me, I told her to post it but she wouldn't <\_< + +Putting it here so maybe others can use it if they want or people can give feedback on how to make it better. + +[https://docs.google.com/spreadsheets/d/1KZbPkIW8\_wKq0xhEcEmJDq-ekgfy872-rHJUdz6A-AI/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1KZbPkIW8_wKq0xhEcEmJDq-ekgfy872-rHJUdz6A-AI/edit?usp=sharing) + +Please make a copy instead of requesting access if you do want to use it. + +The pension portion of the sheet assumes a salary sacrifice model but it's easy enough to change - just change `(C20*(1-E24))` to `C20` in cells E20, E22 and E26. The student loan also assumes plan 2. +Hello friends. Recently, many new generation blockchains have emerged that are helping to integrate web3.0 much more intensively and faster than Ethereum can. + +I am not asking you to scold in defense of a particular blockchain, I want to hear constructive comments that will help me determine whether there is any sense in such projects and how they will exist in the coming years. + +As you already understood, now we will talk about the Solana blockchain and Near Protocol. + +Technologically, these projects are very similar and solve the same problem - the scalability of decentralized technologies on the Internet. + +The projects perform almost the same function, but the Solana ecosystem is much more developed than the Near Protocol. + +but in some ways, Near is ahead of Solana's technological advancement. Offering by the user gas free DeFi by means of Aurora and low commissions with a maximum commission throughput rate of 100k tps + +So this is my question. By and large, the functions of these blockchains are already performed by the BSC, what is the point of developing the same technological solutions? + +Perhaps this is the same as Pepsi and Cola, in fact the same drinks, but someone loves Pepsi, and someone loves Coca-Cola. + +Will the cryptocurrency market come to one solution? Or the market will continue to be replenished with new "drinks" +**TL;DR;** Being willing to allow your portfolio to go all the way to 0 by death only provides a modest reduction in work time (generally less than a year). Most of the reason for lower withdrawal rates with stock/bond portfolio's is due to sequence of return risk - not due to maintaining the portfolio, especially for longer retirements + +Cross-Posted on r/Fire + +**Background** + +Have seen a few folks insistent on wanting their portfolio to completely deplete by their death. At first blush, this sounds like it will significantly reduce working time - after all wouldn't you need significantly more money to maintain a portfolio than to only have exactly as much as you need. However, due to compound growth and the length of retirements for early retirees, there actually isn't as much of a benefit as one would think. The below hypothetical explores this. + +**Hypothetical:** + +Susie is a retiree that retirees at age 40 and magically knows she will die in exactly 50 years. Assuming Susie had retired in the given 'Retirement Year', the table below shows exactly how much Susie could withdrawal from her portfolio to: + +1. Completely deplete her portfolio at death +2. Maintain her initial portfolio's value (on an inflation adjusted basis) on death + +Additionally, the final column of the table shows how long on an expected basis Susie would have to let her portfolio grow before retirement to go from depleting her portfolio to effectively maintaining her portfolio. As you can see, even without any extra contributions, Susie would need typically less than one year of Coast FIRE to go from depleting her portfolio to maintaining her portfolio. + +**Conclusion** + +For a stock/bond based retirement - there is relatively minimal cost associated with your portfolio continuing to grow (or maintaining your wealth). Almost the entirety of the withdrawal consideration for younger retirees should be on their risk tolerance from a sequence of returns perspective. + +As you can see from the chart, there is very little difference between the portfolio preservation and portfolio depletion withdrawal rates, but there is significant difference in the withdrawal rate depending on the particular year one retirees in. + +&#x200B; + +|Retirement Year|Death In|Withdrawal % so that retiree dies at $0.|Withdrawal % so retiree maintains their initial portfolio (inflation adjusted)|How many months Susie would have to wait to maintain her money| +|:-|:-|:-|:-|:-| +|1880|1930|5.5%|5.2%|11| +|1885|1935|7.6%|7.3%|7| +|1890|1940|5.5%|5.1%|13| +|1895|1945|6.2%|5.9%|9| +|1900|1950|4.6%|4.3%|14| +|1905|1955|4.2%|4.0%|8| +|1910|1960|3.8%|3.7%|8| +|1915|1965|5.5%|5.3%|4| +|1920|1970|7.4%|7.2%|4| +|1925|1975|7.7%|7.5%|7| +|1930|1980|4.1%|3.8%|15| +|1935|1985|7.2%|6.9%|8| +|1940|1990|6.2%|5.9%|9| +|1945|1995|7.7%|7.5%|6| +|1950|2000|10.2%|10.1%|3| +|1955|2005|6.5%|6.3%|8| +|1960|2010|4.8%|4.4%|15| +|1965|2015|3.7%|3.4%|16| +|1969|2019|3.5%|3.3%|11| + +&#x200B; + +**Assumptions** + +* Susie invests 100% in a broad based US stock market index (I'm specifically using the series used by [FI Portfolio Doctor](https://fiportfoliodoc.com/simulator)) - which I believe is the Shiller version of the S&P 500 index. +* Susie withdraws all her money for that particular year at the start of the year. Her initial portfolio is defined as the amount immediately when she retires, of which she has her first year's withdrawal as cash (earning no interest), and the remainder 100% in the stock market. +* Susie's withdrawals are inflation adjusted and fixed relative to her initial portfolio. +* The maintain portfolio version is specifically only maintains at death. Her portfolio may dip below her initial portfolio (but never below 0) at various points during her 50 year retirement. +* The time in months to reach portfolio preservation is assuming a 7% real stock market return over the specified period, with no additional contributions from the point her portfolio would have been able to be used for capital depletion +**TL;DR:** Men in Black maybe did too many sequels. Regardless, there will be no sequel to GME whenever the company completes its transformation. Earnings will give us a better understanding of the plan for GameStop. Regardless of what the leadership shares, there may be a dip. Why? Because a short has no other choice. + +\---- + +Fifteen hundred years ago everybody knew the Earth was the center of the universe. Five hundred years ago, everybody knew the Earth was flat, and fifteen months ago, you knew that the there were free markets at the center of the American economy. Imagine what you'll know tomorrow. + +[This might be the last stock you'll ever trade](https://preview.redd.it/nxp27o4n95m71.png?width=892&format=png&auto=webp&s=e04c1303f8746a7c702c4a50db0afac55b452a88) + +Congratulations, Apes. We made to the best week of our lives (so far). Tomorrow we hear from Mr. Furlong during the quarterly earnings call for the stock we like. And, surprise surprise, Kenny G and his band of SHFs are probably going to try and ruin it for you. + +# 1. Disclaimer: + +We, at SuperStonk are the best-kept secret in the galaxy. We monitor, license and police all short, criminal activity in the market as it relates to $GME. However, this is not financial advice. I'm not a financial adviser. I'm just a guy who thinks Will Smith is a generational actor, national treasure and deserves more due. + +# 2. Educational Terms + +This isn't new. But, some of us blessed shareholders may be new. So, the purpose of this write-up as I sip a cocktail on a patio while listening to birds chirp is to provide two scoops of education and one bit of data to get you learnt for the week ahead. + +Some terms: + +* **Earnings Report** \- a presentation of a company's financial results during a period of time (typically a quarter, three calendar months). Publicly traded companies are required to file these with the SEC and they usually come with a read out in the form of a call and deck for investors to review. This meets it's obligation as a publicly traded company (edit: updated copy). +* **Earnings Per Share** \- a simple formula: company's net profit divided by the number of outstanding shares to provide a comparative picture of a company's profitability. The bigger the number, the more profitable a company and the more value investors see relative to the current share price. This number can also be negative. +* **Revenue** \- bananas brought in from sales of goods and services +* **Guidance** \- the leadership of the company will typically issue an estimate of how they anticipate the company to perform in the future, including any opportunities or challenges. + +# 3. What you might hear and what you might say? + +EPS and/or Revenue "beats expectations" or "misses expectations" set by analysts. It really can be any permutation of EPS beat/miss and Revenue beat/miss. + +Regardless, with every trade there are two sides. And, when it comes to earnings reports, there are SHFs eager to use this moment of ours to hide some f\*ckery. Why do I say that? Because it happens all the time... especially with GameStop. + +What you might say? + +*We beat EPS and revenue, why's the price going down?* + +Well, sometimes you have to go down to go back up. And, as our more aged apes learned in March and June, earnings are an opportune moment for SHFs to short the stock to hell so they can buy it back before it rises on good news (like 433% increase in ecommerce sales in a quarter). + +&#x200B; + +[If it dips after good news, just look right here and think of your future.](https://preview.redd.it/tviqxl0vf5m71.png?width=720&format=png&auto=webp&s=8fb38392560257343dea5e726d255c19279a5e9f) + +They tried to get us to believe that the transformation was not happening. + +They tried to make us believe that the stock was dead. + +They tried to understate the massive ecommerce turnaround already happening. + +They tried to diminish Mr. Cohen's ability to lead the company. + +They tried to make us paperhand the stock that we like. + +**They do this all the time.** + +Don't believe me? Well, let's go to the data. + +# 4. Oh, you just the numbers? + +So, when Mr. Furlong gets on the call and says, "You know the difference between you and me? I make this look good" to all the haters betting against the stock, just know that it'll all be okay even if price dips. + +Captured below are the past five results from earnings reports released by GME. Included is the date, results against analyst forecast, and the closing price before/after the report date. + +&#x200B; + +[Five Fiscal Quarters of GME price action before and following Earnings Report](https://preview.redd.it/a2uebgz8g5m71.png?width=1727&format=png&auto=webp&s=77f3d75824bd22652e2805896ec3342fe8212052) + +&#x200B; + +[Same data but with crayons for 2020](https://preview.redd.it/2w8275e0h5m71.png?width=1431&format=png&auto=webp&s=f08f305edeb10023d0fd4cb4850918b39dafdade) + +&#x200B; + +[Same data but with crayons for 2021](https://preview.redd.it/hvr8j041h5m71.png?width=1440&format=png&auto=webp&s=079d14c63c7f392b76ce63e948ca28593798331c) + +LOT. Of. Volatility. + +Looks like they have a nasty habit of dumping the price right after the earnings report.... only for it to rise to or well beyond the closing price within ten trading days. **F\*ckery.** + +While this may not happen, we've learned that they explored new ways to help suppress price following last earnings report, it's a data-based trend that I hope will shine a light on how SHFs treat retail investors. + +**In short, don't sell for stupid prices. Know your company. Do your due diligence.** + +Buy. Hodl. Vote. + +*This is not financial advice. I am not a financial advisor. I'm not even sure if I should be spelling it adviser or advisor. Regardless, make your own decisions. Lastly, if you try and get cute buy selling before earnings to try and dip buy, I'm going to laugh at your so hard when the trend breaks and you lose your ticket to the moon.* +I'm currently investing most of my money in stocks - however I'm concerned that someday in the future there would be a stock crash - and then most of my hard earned money would go to waste. + +What are your idea's on preparing for a stock crash? E.g.: + +* set a stop loss (however, when there is a crash it might sell significantly lower than intended..) +* weather it out - just be sure to invest safer once you come closer to pension age +* hedge with other financial instruments + +When I look at other financial crashes I think it is almost a certainty another stock crash will happen some time in the future. Or am I being too paranoid? +Context: I'm a mid 30's, married father of two on a late start to fatfire, in enterprise sales (tech adjacent) expected total comp for 2021 $220k-$300k (variance is pretty normal in sales) + +First off, thanks to this community for the wide ranging value it brings on so many topics. I wanted to solicit input from others who have gone down this path and hear pros/cons/alternative views. Currently, i feel as a family of 4 that we spend to much time & money on food. it's not as simple as "just stop eating out all the time" because we've actually cut way back on that. the challenge now is more, how do we eat healthfully at home, but minimize planning / preparation time and not spend far more money than necessary at Whole Foods/Sprouts etc. time savings and minimizing time spent on meal planning/grocery shopping/prep is just as important as $$ savings to me as my work & family schedule continues to become more demanding. + +for further context, as a family of 4 in a more expensive area within a MCOL metro, we spend probably $1500-$2k a month on food (combined restaurants & groceries). + +I'm considering hiring a personal chef in my area who will come to my house 1-2x a week, do the meal planning, buy the food (i pay for it obv) and do a week's worth of meal prep. on the surface this sounds like a dream come true. on the other hand, I have the frugal devil on my other shoulder saying, calm down, chef isn't justified at $250k income. just get disciplined, fuck whole foods and sprouts, go to costco/sams with a planned out list like an actual adult and get as healthy of ingredients as you can and save money. have a meeting with him tomorrow to learn more about the costs of this service, but i anticipate it will be on the high end or more than i already spend on food, meaning this would be a pure time savings/schedule optimization play. + +the rebuttal to that frugal devil is that my families life is going to get busier as my oldest kid is about to start school and is getting a more involved schedule (music, swim, etc). as soon as my youngest starts pre-k in a couple years, my wife will likely finish grad school. additionally, while i'm an individual contributor at work now who works from home, i'm getting noticed by sr leaders at my company and word has been passed down that a VP is looking to tap me as an early member/leader of a new group for FY'22 so i believe my days of self-paced work schedule is coming to an end rapidly. of course, new role, responsibilities would mean more money, making the chef a more attractive option than it already is. + +The net of my current thinking: if this chef i'm interviewing can eliminate 10+ hours of grocery shopping, meal planning, prep/cleanup from my week, I'm willing to spend at the high end of my food budget for that. however, part of my fatfire mentality is avoiding lifestyle float as my income increases, thus the frugal devil analogy. + +for the record, yes we've tried blue apron, etc not a huge fan. IMO, it's basically expensive TV dinners. if i was single, maybe, but i don't think the blue apron's of the world are a great option for families, just my $0.02. + +what do you think esteemed peers of FatFire? am I to poor to spend $2k a month for a chef to do my cooking/grocery shopping for me, or should i bank on my future income streams to optimize my life now and save 10+ hours a week that can be spent with my young kids & my career? +Looking for advice about establishing a Family Office. I’m familiar with the concept but only at a high level. I’m already established at a Private Bank. What do I need to know? Any suggestions or recommendations before diving in? Who would you recommend or advise to avoid? +I live in Calfornia. + +I am married and have one son with a pre-existing condition (2M in medical expenses so far (we win at health insurance for life)). + +Right now we have health insurance through our employer, which is great. + +We haven't seriously looked, but it seems as though the individual insurance we could buy ourselves is not as good as the company plan. + +We have enough money that if we could pay the negotiated rate that the insurance company actually pays the hospital (10-20% of the bill), we probably would self-insure (i.e. just pay cash). Any luck doing that? + +Do I need to start a small business and get health insurance that way? How many employees would I need? I would love to find a "job" where I pay a reasonable amount and they give me health insurance, but otherwise don't expect anything of me. Does that exist? What would stop me from creating such a company that offers this service? + +&#x200B; + +We are not willing to move out of CA at this time. + +&#x200B; +So I must be overlooking something, but what prevents me from giving my parents my investment $$ and investing in assets under their name? + +Ex: I want to buy a $500K house. I give my $100K downpayment to my parents who buy the house, technically as their investment property. I live in it and pay "rent"/the mortgage to them. If the house appreciates to $1M & I sell it at $1M, I pay CG on $500K(excl. primary residence $250K deduction). If I inherit it, then the cost basis is now $1M & no profit & no CG tax right? Same idea for stocks etc.